Watching: Interview with Nomi Prins on BookTV

Author of “It Takes a Pillage” interviewed by Sen. Bernie Sanders. Another voice, an “insider”, with the opinion that our financial system is more unstable now than at the time of the initial crisis. 16 five star reviews on Amazon.com. Go to the link to read the “Top Ten Ways Things Could Get Worse from Here“

Watch the interview here.

The cold heavy hand of the state.

“One of the sad realizations I’ve come to over the last few years in writing about raw milk is that proponents can’t let their guards down in battling with government officials.

Farmers and consumers alike want so badly to believe that public officials are decent, reasonable, and benevolent, and I have no doubt that some are. But if you look at what’s happened in Wisconsin—and it’s not an isolated example—the relationship between the regulators and the people being regulated is totally adversarial. The regulators are cold, hard-edged battlers who see the people as an enemy, to be beaten into submission. Any pulling back by the people is interpreted as weakness, an opening to be exploited.“

Source: The Complete Patient

Audi Super Bowl Commercial – The Green Police

Closer to the truth than we might think.

Audi 2010 Green Car Super Bowl Commercial

Fire Departments Charge For Service, Asking Accident Victims to Pay Up

ABC News Report here.

Expect many more stories like this as govt. entities seek creative ways to replace lost revenue. Do they still charge the parents when a loved one dies? Sick.

Recently Watched: On The Edge – Catherine Austin Fitts

Good interview. Just a few thoughts, not necessarily all directly related to Catherine’s interview.

• Our financial system is largely engineered by people who do not have the best interest of my family, community, or country at heart.
• The men engineering the economy take little to no personal risk yet they are astronomically rewarded.
• Low interest rates benefit banks more than anyone else, they don’t help savers, they entice spenders to take on debt. Yet somehow everyone thinks low interest rates are a good thing. I bought my first house because (1 – “I should lock in low interest rates.”, 2 – “You are throwing money away if you rent when you can own for less after writing off interest.” and 3 – “Homes are an investment, a form of savings.”). I won’t buy my next house for the same reasons.
• As a nation we are too ignorant of money, finance, banking and too busy with work, media, activities to do much about our present condition.

Part 2 of 3 – This is the beginning of the interview with Catherine.

Recently Listened: Frisby’s Bulls and Bears – Robert Prechter

+ Interview with Robert Prechter of Elliot Wave International in London.
+ We are at the end of a market run which started in 1932.
+ RECOMMENDATION: GO TO MAXIMUM SAFETY
+ Time has surprised him, things have gone on longer than he thought possible.
    – Bottom could come as late as 2014-2016.
+ Bubbles aka Manias are historically fully retraced.
+ 40-50 Trillion dollars worth of loans that will not be repaid.
    – DEFLATIONARY
+ Host argues we will see both deflation and inflation, he is convinced by both arguments.
+ 50-500 times more base credit than actual money.
+ Very few things are safe to buy.
    – Nothing truly safe, plain cash, or short term U.S. Treasury Bills.
+ Robert is bullish on the $.
+ Foreign Currencies
    – Headed lower relative to the $.
+ Gold – Very vulnerable.
+ Big fan of goldmoney.
    – Administrative burden of getting an account is hefty.

Power, Possessions and Freedom

“You only have power over people as long as you don’t take everything away from them. But when you’ve robbed a man of everything, he’s no longer in your power–he’s free again.” – Aleksandr Solzhenitsyn

Recently Watched: Glenn Beck – The Revolutionary Holocaust

Part 1 of 6. You can find the links for the other 5 on YouTube.

Part 1| Glenn Beck Documentary: “The Revolutionary Holocaust: Live Free…Or Die” – 01/22/10

Recently Watched: Peakmoment – Innovation Bears Fruit for Family Farm

Nice set up, I wonder what the value of that 2000 acres is.

Innovation Bears Fruit for Family Farm

The Hubble Ultra Deep Field in 3D

Incredible.

Authors@Google: Justin Fox (some discussion of high frequency trading)

Good follow up to Max’s latest video. Author and financial columnist Justin Fox discusses the High Frequency Trading around the 28 minute mark. I think the question one has to answer is liquidity worth 200 million a day.

Max Keiser interviews Tyler Durden

Tyler Durden of Zero Hedge. Alan Greenpsan lies through his teeth.

Great Interview with Catherine Austin Fitts

You will need to forward to get to her interview. I didn’t mark the start point but it is a ways in.

Blow Hard Chris Matthews vs. Joe Sixpack

Chris goes down hard.

Geithner Asks Congress to Increase Federal Debt Limit

Nuts.

“Washington — U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is “critically important” that they act in the next two months.”

Get ready for another big bank bailout. Will we see a bank holiday this fall? Max Keiser says 20-25% chance before the end of the year.

Somewhere in China and India they must be having a good laugh.

Hah!

“Cash for Clunkers has the following elements of spectacle:

• Americans destroying perfectly functional cars
• Americans whose skills are uncompetitive in the global marketplace driving around in fancy new cars

Somewhere in China and India they must be having a good laugh.” – Philip Greenspun

Link to Phil’s post.

Pictures show daylight ‘killing’ of suspect by Indian police

Link to Times UK Article

Max Keiser on the Financial Coup D’Etat

Uniquely Christian

Too good to not pass on.

“In a healthy Christian community there will always be differences between the people in them. But the differences were there before anyone talked about it. Talking about our differences, working through them, and not being afraid to say out loud what side of the line you land on is not uniquely Christian, but staying in fellowship while you do it is.”

Trouble Brewing?

Denninger reports on the Fed buying back treasuries sold just last week.

Is the US Economy Close to Hitting Bottom?

Probably not.

“Some commentators hold the view that the present economic crisis is the result of the Greenspan-chaired Fed’s extremely loose monetary policy between 2001 to June 2004. Yet for some strange reason the same commentators hold the view that Fed’s loose monetary policy since September 2007 has saved the economy from massive disaster. According to this way of thinking, at certain times pumping money is bad for the economy, while at other times it can be of great benefit. We find this logic extraordinary. Something that is bad cannot also be good. Printing money always undermines the bottom line of the economy. This is why it is always bad news.” – Frank Shostak

Link to complete article @ mises.org.

The Human Toll of the Mayflower Reformers

Amazing. You can see a larger image here.

Max Keiser takes offense to Goldman Sachs

Glenn Beck weighs in.

For the latest on GS add GoldmanSachs666.com to your reader.

The Fed Under Fire (8 Minutes)

There are a few Congressmen who are actually starting to get it.

Tim Bayly on Cotton Candy Grace

Tim Bayly cites Titus 2:11,12 here with a few remarks on grace.

“The prattle about grace that permeates the sermons, fellowship-hall conversations, and books within the mainstream reformed church today tastes like cotton candy and leaves your hands sticky.”

I spent a little time studying the verses in which the word grace appears. My thoughts.

• No surprise most of the references are found in the New Testament.
• One thing I noted is that there seem to be two uses of the word “grace”.
  • One is something we can get more of and even something we can give or show others.
  • The other is the saving grace/mercy we receive from Christ…”by grace you have been saved”.
• I don’t think the modern church does a very good job at distinguishing between these two uses. So if you are doing something that seems “ungraceful” according to the first meaning you are somehow seen as not understanding the second meaning.

Here are a few more passages for consideration, in line with Titus 2 I think, in which grace and obedience are tied together.

Romans 1:1-6 1 Paul, a servant of Christ Jesus, called to be an apostle, set apart for the gospel of God, 2 which he promised beforehand through his prophets in the holy Scriptures, 3 concerning his Son, who was descended from David according to the flesh 4 and was declared to be the Son of God in power according to the Spirit of holiness by his resurrection from the dead, Jesus Christ our Lord, 5 through whom we have received grace and apostleship to bring about the obedience of faith for the sake of his name among all the nations, 6 including you who are called to belong to Jesus Christ,

Romans 6:1-2 1 What shall we say then? Are we to continue in sin that grace may abound? 2 By no means! How can we who died to sin still live in it?

Romans 6:14 14 For sin will have no dominion over you, since you are not under law but under grace.