The results of government sanctioned and regulated fraud...

I do not agree with the assumptions in this video regarding government programs being able to fix what government corruption and fraud has engineered. Nonetheless, it is an interesting video.

The fox will never guard the hen house and the government will never create productive jobs that generate a return on the capital required to make them. That is just a panacea. The only solution is balance...and that does not promise to be an easy trip to get there.

The fact is that we do not need more homes. The homes in this video were financed by the FHA, Freddie Mac, Fannie Mae and ultimately the unwilling and unprepared taxpayer in order to benefit the debt money system ponzi scheme and generate huge bonuses, contributions and incentives for special interests. That is NOT the definition of balance. No solution that does not seek a balance will survive. Certainly not one implemented by inept and corrupt leaders like Bernake, Obama and Bush.

Look out below.

About time for another Madoff style ponzi scheme blowup...

• Goldman made just $2.3 billion in 2008 but paid $4.8 billion in bonuses. Citigroup and Merrill Lynch, Bank of America  combined lost $54 billion in 2008, but paid out $9 billion in bonuses.

• Morgan Stanley earned $1.7 billion in 2008 with bailout money, and paid out $4.475 billion in bounses JPMorgan earned $5.6 billion in 2008 and paid bonuses of $8.69 billion.

• Wall Street if asked for a claw back, the funds would likely come from current profits. 

The above is, to the letter, a description of a ponzi scheme. The participants in the scheme are (and have been for years) taking money which is not rightfully theirs and distributing it as they see fit so that they can have their $100,000 a month Hampton's house and lover at the Jersey shore. The reality is that you can not run a business at a deficit where you create NO value for 20, 30, 40 or even 50 years and expect anything more than a ponzi scheme. And ladies and gentlemen that's what we have before us above - a legally regulated and enforced ponzi scheme courtesy of the Fed, past and current presidents and congress.

Who will it be this time?

Now the liars in Washington and BP want us to believe they could be wrong by 6000% but this time they have it right

first it was 1,000 barrels, then 5,000, then 12,000, then 20,000, 40,000 and now 60,000. Who are they kidding? Please recall the guy who I pointed out testified in the beginning of May that it was 95,000 barrels - we never heard from that guy again and he got NO press coverage.

Initially, you may recall, the US Coast Guard and BP told the public that they weren’t certain any oil was flowing from the Deepwater Horizon disaster.

Then it was updated to an estimated 1,000 barrels a day.

Then 5,000 barrels a day – which is when everyone sat up and started paying attention.

Last week federal scientists updated the estimated flow rate to anywhere from 25,000 to 40,000 barrels a day.

Today, based on updated information and scientific assessments, the new rate is estimated is between 35,000 and 60,000 barrels per day.

The new flow rate was announced by Secretary of Energy Steven Chu, Secretary of the Interior Ken Salazar, and Chair of the National Incident Command’s Flow Rate Technical Group Dr. Marcia McNutt

The team assures the public that “BP was required to develop projects containment capacity expanding to 40,000-53,000 barrels per day by the end of June and 60,000-80,000 barrels per day by mid-July.” White House officials have voiced confidence in the ability to contain those flow rates on that timetable.

Oil Spill Propganda

June 10, 2010 - CBS marketwatch

Scientists studying how much crude BP PLC's blown oil well has poured into the Gulf of Mexico offered startlingly higher estimates Thursday than those noted earlier, perhaps topping 40,000 barrels a day.

 June 6, 2010 - New York Times

Government estimates put the daily flow rate at 12,000 to 19,000 barrels (or 840,000 to 798,000 gallons).

May 29, 2010  - m3 Financial Analysis

Maybe the US press can continue to promote the 5,000 barrels a day theory regarding our oil spill while suppressing professional testimony several weeks ago that suggests its more like 95,000 barrels a day. I wonder how many other facts are being managed... 

May 21, 2010 - m3 Financial Analysis /The Real News

Click for video regarding the oil spill in the gulf if you do not see it below its not 5,000 barrels a day leaking from the spill in the Gulf its 95,000. That's quite a big difference...I have not seen anything of that sort being discussed in the press.  

May 12, 2010 - New York Times

Two weeks ago, the government put out a round estimate of the size of the oil leak in the Gulf of Mexico: 5,000 barrels a day.

The figure of 5,000 barrels a day was hastily produced by government scientists in Seattle.

May 2010 - BP, General Media and Government

The flow rate at about 5,000 barrels, or 210,000 gallons, a day.

The reality just like Bernake and Obama etal think that by stretching lies out over an extended period of time they create a manageable lie and people do not notice...well, that is the approach with the BP distaster and not just from BP but with the specific assistance and manipulation of the media by the special interests and government...does this remind you of anything?

Fake Jobs numbers...what else is new?

90+ years of financial abuse and nothings changed

Since 1913 our governmental system has been controlled by finance...after the meltdown and clear demonstartion of the hypocrisy of the system, reforms have been made, prognostications prognosticated and guarantees made...the irony is NOTHING's CHANGED!

More lies everywhere...things are really whacked

Click for video regarding the oil spill in the gulf if you do not see it below its not 5,000 barrels a day leaking from the spill in the Gulf its 95,000. That's quite a big difference...I have not seen anything of that sort being discussed in the press.