Political News or Comments

I don't know what it is about this Tiger Woods sex life scandal, but it's like the freaking energizer bunny...it keeps going and going...

• Your probably right. The health care vote just passed. Obama and Rahm Israel Emanuel giving each other high five's and hugging. Now I am beginning to understand why Chase is wanting me to refinance with Feddie Mac. The insurance companies already knew it because we have received our new policies in the mail. The jobs are going bye bye.. More companies are laying off. Sales Tax going up.
  So, we're talking 60% + of our pay checks.

• 
  Health Care Bill Signing

• 
  "Oooh, I'd like to slide my dick into your anus."

...and just who gets the checks!?

I'll never know what exactly it is, that is keeping the world from executing every politician in their respective countries.

Blood in the Streets
By Nick Guarino | March 25, 2010

Don’t get me wrong. I hate to see blood in the streets. Especially if it’s mine or my subscribers.

But in any great catastrophe, blood must flow. The Riots in Greece are just the start. Better its their blood being shed than ours. And we are entering the greatest financial catastrophe ever. Rivers of blood will be flowing all over the globe. This will get to the point of oceans.

Too many people bought Wall Street’s b.s. About the stock market: “A sure-fire long-term investment, that will let you retire a millionaire.”

About real estate: “It can never go down in value. So buy now before we run out.”

About you can borrow your way to prosperity and government will support you.

About the “too big to fail” banks: they must be saved, so they can save the economy by giving us even more credit.

About The Great Depression II, “which we never had, and even if we did, it now is over.”

The masses insist on getting taken in by this bullshit. So don’t blame us for picking off incredible bargains. Bargains that are cropping up all over America, Europe and the developed world.

It’s an incredible time. I have never seen anything like it. The whole world is in denial. All we have to do is sit back, wait, and hope we are right in the fact that the world is living in the ultimate fool’s paradise.

Once again the masses are getting cashed in. The “why rent when you can buy” lemmings are learning the truth. They can’t buy a house anymore: no credit or savings, not enough income, and prices still are way too high. And now they are running low on money to rent, too.

One of the world’s biggest cheerleaders for real estate is the Royal Institute of Charter Surveyors (RICS). The RICS just surveyed 430 of its members in 25 countries. It found 85% of them expect distressed property sales to soar in 1st quarter 2010, compared to 4th quarter 2009.

Don’t forget, distressed property sales set a record last quarter. Even though banks are doing everything possible to stall foreclosures, and cook their books. And now the Royal Surveyors are telling us the all-time record in foreclosures is about to set an even bigger record.

RICS senior economist Oliver Gil Martin said, “it is the major real estate markets of the world, namely the U.S., Ireland, England, Spain and Japan, where agents expect the strongest growth in distress sales in the 1st quarter 2010.”

You must understand who these RICS guys are. The pompous, blue-blazer prep school pricks. They wouldn’t utter the word “shit” if their pants were filled with the stuff, right up to the top of their back pockets.

They were big-time spin doctors for booming real estate sales. Even when the boom was long dead and buried. All last year they blew blue sky up our butts. Prices have bottomed and will go up. The worst is over. Signs of a recovery are everywhere, they said.

Hmmmm. Is there no end to people in high places, who use their positions to feed us full of bullshit? I get sick and tired of it.

Now the RICS says foreclosures will soar. DAHH! Astonishing. They finally figured it out. That means one of the industry’s major trade groups is NOT predicting “recovery.” They are predicting more catastrophe.

I bet that was really hard for them to admit. Which tells me things are about to get a LOT worse. They are trying to get in front of the bad news, so they don’t lose what little credibility they have left.

Remember, the average guy is struggling to pay his mortgage. His property is worth far less than he paid for it. He is hanging on to the desperate hope (hope always springs eternal) that there will be a haha turnaround.

You know there will be no turnaround. I know there will be no turnaround. Now the average Joe is finally starting to figure it out. Too late!

In reality, the wipeout gets worse by the minute. The biggest financial crisis in the history of the planet gets more severe — more deadly — as mankind’s major investment (real estate) falls deeper and deeper into the pit.

And as the NICS just said, the worst for real estate is still ahead of us. All I can say is, what took you guys so long — to own up to the mess you and your members created and denied for years?

Socialist utopian dream now a nightmare

Now on to one of the great socialist lies.

The masses have been brainwashed. They now believe, heart and soul, the liberal fantasy: “I breathe. Therefore I am entitled to food, shelter, education, health care, work, car(s), sex, drugs and endless rock and roll. All paid for on the backs of someone else.”

It doesn’t matter if they work a bullshit job. If they give bullshit effort. It doesn’t matter if they screw off as much as they can.

They believe life entitles them to every exotic medical procedure. To a fine house. A new car. Endless entertainment. And don’t forget the obligatory summer vacation.

They are entitled to full retirement. Preferably on some tropical island. The grateful natives must serve them drinks with fruit stuck on a little umbrella, as they lounge on the beach. Again all paid for by other people.

These people, with their pina colada beach dreams, are in for the shock of their lives!

Life guarantees you nothing. Reality promises you even less. The world -– especially the developed world -– is about to relearn that lesson.

Our prosperity is not a right. It’s a privilege. One that, if taken for granted and not earned on a daily basis, can be easily lost.

No man is promised a nice life. In fact, not even a good one. Half the planet can attest to that. They have no guarantee of regular meals. Of clean water, a place to live or even freedom or a peaceful existence.

To put it bluntly, the masses of the northern hemisphere have been spoiled rotten. For 60 years we have lived an unsustainable lifestyle. All financed by enormous sums of private, corporate and government debt.

That debt will never get paid back. Never mind the new debt it will take to cover the latest batch of promises, fantasies and social engineering. Or the mega-banks’ losses, that our asshole Wall Street buddies shifted to the public sector, with the bailouts.

The free lunch is over. Now it’s time to pay the piper. The masses are about to get a devastating reality check. Prosperity is leaving the world they know. I call it the Africanization of America and Europe.

What is the difference between Europe, the U.S., and sub-Saharan Africa? Europe and the U.S. have been allowed to amass debt of over a thousand trillion dollars. Derivatives alone account for $900 trillion. Government debt is hundreds of trillions more.

The poor bastards in Africa can’t borrow. So they don’t have the privilege of living an unsustainable lifestyle, financed by other people’s money (usually from the future). They are at bare sustenance level.

The masses in Africa haul water from a dirty water hole, where what few scrawny cattle they have left shit in it. They use a stick and an ox to plow their rock-hard soil. They plant a seed, and hope that between the droughts, their neighbors and the endless revolutions, something will grow. Then they and their children might be able to eat.

It’s not a pretty picture. And it behooves us to pay attention to it. Because much of that lies in our future as well — if we are not damn careful and get it right.

Not so very long ago (100 years) most people in America lived on a farm. 54.4% of all Americans to be exact. Farmers or not, most everyone planted gardens. They canned their food for winter.

Electricity is a hundred year experiment. Before that, you might have had gas lights, if you lived on a city -– and were lucky. Most people used candles and lanterns for light. They went to sleep when it turned dark, and woke up when the sun rose.

They heated and cooked with wood. Hot water was boiled and poured into the bath tub. Giving the old meaning of “hot tub.”

They hauled water from the well, in buckets and pitchers. The kitchen sink had a hand pump. A toilet was a hole in the ground. When you were done, you threw some lime on it.

We believe we are past those times. But who says that is so? Where is it written you must have plumbed water? Electricity? An indoor flushing toilet? Paved roads to drive your car along? The latest million-dollar medical treatments?

Truth is, in today’s world no one pays anywhere near the true cost of their lifestyle. For example, we pay a fraction of what our water system really costs. And most water systems are so old they leak over half the processed water they provide.

Sewage systems and flushing toilets are one of the great bargains of our life. But they are in need of constant maintenance. We can’t afford that anymore.

In fact our sewage systems leak like sieves. Raw sewage flows into the ground water systems. That is why we are abandoning more and more underground water supplies. They are too dangerous to use. We are turning to surface water and recycled sewage water for supplies. In many cases, this water is not fit to drink. Hence the bottled water boom.

Electricity is the most subsidized utility there is. Power grids average 50 years old. Generation systems built in the 1950s are not only outmoded. They still have not been paid for. The money needed for upgrades has been used to refinance and patch together the old systems. Also to subsidize escalating costs, that tariffs don’t begin to cover.

Roads and bridges are too expensive to build and maintain. So we pay for them over 100 years, with ultra long-term financing. We constantly refinance them. Problem is, by the time their useful life has ended, we still owe on them.

Police, hospitals and fire department systems cost vastly more than we can afford now. So municipalities finance these CURRENT expenses for 30 years into the future. The mountain of debt compounds for decades. Now even the interest payments have to be financed.

For 100 years we have gone an endless borrowing orgy. Borrowing from the future, to pay for today’s infrastructure. To subsidize our unsustainable lifestyles. Now two things have happened.

One, the existing systems (still not paid for) are crumbling. 90% of America’s infrastructure needs wholesale maintenance. That alone would cost us tens of trillions of dollars. 70% of our systems will need to be replaced in the next decade.

Two, we can’t fix them. We can’t build new systems. We don’t have the money or credit.

And guess what? Our society is in denial. About all this.

2000 years ago, the Romans had plumbing. They had a vast system of paved roads, bridges and aqueducts. Then their society collapsed. The fall of Rome.

1900 years passed before the world got paved roads, flushing toilets, and hot and cold running water again. Think about that.

Now we face the fall of America and Europe

It’s a brand new ball game. A new way of doing things. Not just for the ultra-poor nations. For the developed world, too.

People won’t like it. The services they take for granted are dying in a sea of red ink. Real soon now, these services will be no more.

Prepare yourself for a new world. Pay as you go. Pay for it NOW with cash. Or you don’t get it.

There will be no such thing as a social safety net. Unless you consider work camps as your “welfare rights.”

You really, really need to grasp this. Our entire way of life is based on two things. Both are about to change forever.

First, our entire infrastructure was built generations ago, when labor was dirt cheap, on the backs of starving immigrants. We financed these systems with endless debt, at 1%.

We can’t pay back that debt: we already have borrowed all the available money. We can’t refinance it. We have maxed out our credit card. D-day is coming.

Second, most everything we consumers buy in today’s world is manufactured by SLAVES. I repeat, the things that surround you carry an enormous price subsidy. They were made by slave laborers, who were paid almost nothing for their work.

They are the poor masses who work in the slave sweat shops of China. Of Asia, Latin America and Eastern Europe. They make a dollar an hour. At most.

Without them, we could not afford our clothing. We couldn’t buy clothing, our appliances. Our electronics. The toys for our children.

Not even our cars. Cars may be assembled in the U.S. and Europe. But the parts come from the slave labor colonies of the planet.

Rome’s infrastructure was built on slaves, too. Rome crumbled when it could no longer control those slaves. The northern hemisphere is crumbling for similar reasons.

We can no longer borrow to support our unsustainable lifestyle. And more and more, our slaves -– the billions of Asian workers — are not willing to put up with their extreme poverty. With their greatly lesser lot in life.

They aren’t satisfied working for a bowl of rice with a fish head in it… sleeping 20 people in a 400 square foot rickshaw “apartment”…and riding a bicycle.

A new system is about to force itself on the western world. It goes like this: don’t work, don’t eat. Grow old, get sick, you die.

No longer will people not work, and still get full benefits for years on end. They will not receive government health care, where they spend $300,000 of someone else’s money. All so tubes, high-tech machines and needles carrying exotic drugs get stuck into their veins — maybe keeping them alive another six months — in a money-losing, subsidized, institutionalized setting — where it’s a good day when they change the diapers within four hours after a bowel movement.

We will have to pay the true costs of our homes. Our roads. Our electricity. Our cars, appliances, medical treatment and retirement. Or do without. Not with funny money, financed by heavily-leveraged derivatives, that supposedly don’t come due for 30 or 50 years. We will have to pay with cash.

Workers in the west will get paid about the same as everyone else on the planet, who does the same kind of job. Which means the slaves in Asia and India will see slight wage increases. People in the “developed world” will see their pay and benefits get slashed. Over and over.

It was a nice fantasy. A great party. It lasted 60 years. 60 years of the most incredible, opulent lifestyle the masses have ever enjoyed. All bought to you by mortgaging our future on endless debt.

It’s only been 60 years since mass starvation, homelessness, and joblessness last appeared in the U.S. and Europe. People forget that. In the not-too-distant past, America had to cope with an ugly world. Funny how soon people forget the lessons of history.

I am here to tell you — like it or not, believe it or not -– that life is back. To many of you, that may sound ridiculous. But go to your nearest homeless shelter. Or check out the local free medical clinic or food pantry.

You will meet plenty of people there, who till now never had to take a handout. I think you’ll find they wholeheartedly agree with me. Our prosperity is leaving us to never return.

Try walking the inner city, if you dare. Tell me we are not going back to an uglier, more dangerous world. What do the spreading growing ghettos, gangs and poverty tell you about the future?

We are entering a new dark age

Do you really expect the politicians to tell you this? That we are starting a new dark age? That the masses are about to become impoverished slaves?

Just the opposite. The sharpest minds in the world are working day and night, figuring out how to put you there. As they take your money and your freedoms. That is what Wall Street and its puppets in Washington do.

You may wonder why governments bailed out the banker whores, with trillions of your tax dollars. Why they gave them countless billions in bonuses. With almost no questions asked, and even fewer answered.

These assholes bankrupted our nation. They stole your money. They trashed the value of your home, wiped out your “guaranteed” retirement investments, and threw tens of millions of Americans out of work.

How could they get so much public money –- the greatest sums of taxpayer dollars any government ever gave any special interest group? With little more than a phone call?

Simple. They own our government. Bought and paid for. For shockingly little money, too.

But that’s not all. They also own us. They own our businesses. Our homes. Our cars.

They own anyone who needs their money to survive. Anyone who takes their credit. Which is basically the entire western world.

You and I being debt free isn’t enough. We are still beholden to them for the credit (financing) on our roads. Our sewers. Government, Our electricity. Our water sanitation services. All the basics of life, that we all take for granted.

Not much longer, I hasten to add. You better figure out how to unhook from the water meter. How to supply yourself electricity.

The bankers ‘gave’ the world 30-year mortgages. They gave us our hahaha retirements, annuities and stock market mutual funds. Their insurance companies (also a bunch of dead-broke, whore thieves) supplied our oftentimes rationed health care.

The bankers financed our cars for 48 months. Our motor homes, jet skis and exotic vacations. They let us build our airports and 100 million dollar jet liners. All on credit, that will never be paid back.

Let give you an example. The aviation industry has never made a profit. It’s been a loser since we took up our first paying passenger, Orville Wright, in 1903 at Kitty Hawk, North Carolina.

The masses have been able to fly for only one reason: airlines (and airports) were able to take on vast debt, and then roll that debt over and over. The airlines have lost far more money than they have ever made.

Massive government and banker debt supports the entire industry. Planes. Their maintenance. Airports. Air traffic control systems. All subsidized.

This debt keeps swelling. Both in amounts and terms. The date it must get paid back keeps getting moved further and further into the future. Now it stretches into the 22nd century. In reality, it will never be paid back.

Every major airport in the world is banker/government subsidized. And every one is a money loser. Same thing with the ground transport systems to the airports (roads, parking lots, trains, buses). Same with the air traffic control system, fire rescue, security systems. All government subsidized. NOT reflected in the ticket price.

These are just a few examples of the hidden unpaid debt that subsidizes our modern lifestyle. It’s that way in everything from roads to trucking to shipping. Even manufacturing.

This should help you understand why the bankers got these unbelievable government bailouts. With virtually no questions asked.

By pulling every dirty, illegal trick in the book, bankers managed to keep the whole bubble debt orgy afloat. Now it’s come to an end. The debts have grown too large. The losses from derivatives have gotten out of control. We can no longer finance (borrow) our way out of this. It’s curtains!

The theme for the next 100 years will be a much poorer world. A world where the masses are reduced to virtual slaves. They and their children will work their whole lives, to pay all this debt back.

No, we will not monetize it. We won’t inflate it away or simply default. That is another myth. A lie straight out of the pits of hell, to try and take more of your money.

Say the U.S. tried to do this. The second the world got wind of that shit, they would shut down our society. The fleeting credit we need would be gone. The lights would go out. The Homeland Security guys would not have gas for their helicopters, payroll or bullets.

So don’t kid yourself. Every stinking last dime owed will be paid in full. Including the compound interest.

We would need vastly greater amounts of new debt to support our kingly lifestyle. That money is no longer available. As a society we have borrowed all we can. Now it’s payback time.

That is why you see pay cuts right and left. Service cuts. Less and less of everything.

Even our cities are shrinking. There is not enough money to provide services to all neighborhoods. This will get worse and worse in the coming years.

The crisis the world faces is DEFLATION. You damn well better understand and prepare yourself for it. Everyone gets less.

Look, you have no excuse. You can’t say you weren’t warned. You can’t say you didn’t see it. Everything is deflating (becoming less) all around you.

Banker debt: the key to the modern welfare state

Maybe the worst thing the banker whores did was to buy, resell and finance government sovereign debt.

That gave birth to the great modern socialist welfare states. It let these states exist and thrive. It made government the biggest single employer in the U.S.

Look at our nation for the past 80 years. People have been given far, far more than they produced. There is no such thing as a free lunch. So how did we do it?

The answer is obvious. Credit. We borrowed the money. So it was not a free lunch. It was a borrowed meal. And eventually you run out of credit. You must pay back ALL that borrowed money you owe.

We dumped all the hard part -– all the repayment — on FUTURE generations. On people not even born yet. Which means those people — the ones unfortunate enough to pay back our free lunches — end up getting less.

That “getting less part” is called a deflation. GOT IT? You better!

With each passing year, government’s socialist giveaway programs have grown bigger and bigger. They have compounded their vast debts for the past 40 years, 60 years or more. That is why they owe hundreds of trillions of dollars.

Over half the world’s population is on government socialistic welfare. From education, to housing, to food, to health care, to retirement. The majority of citizens in our modern democracies receive DIRECT government handouts.

Always financed by out-of-control debt. i.e. other people’s money. It’s going to be an ugly world indeed when their largesse is cut off for lack of money.

Think what the world will look like, when that happens in country after country.

“Free” social benefits: the cheese
at the center of the trap

At first blush, all these welfare state benefits appear wonderful. Like money from heaven. Who could say no?

Who could be upset with saving a baby’s life, using the miracles of modern medicine? Making sure our grandmothers have the best health care, convalescent housing, and endless entertainment in their retirement years?

Socialism is seductive. For a while, every day seems like Christmas. You can spend more than you make. Consume more than you produce. Give out more in benefits than you ever paid for in taxes.

Pretty soon people forget they are getting much more in “benefits” than they paid in. They come to expect these benefits as their right.

And that is just the direct government handouts. Never mind the indirect subsidies I pointed out to you earlier. Roads. Water systems. Electricity. Sewage systems. Phones.

Even the damn weather systems — the rings of satellites that give us global communication, TV and internet — are almost COMPLETELY government subsidized.

So much mortgage and consumer debt was issued the past ten years, many people with modest jobs lived in modern-day marble palaces. With a swimming pool. Two-car garages filled with SUVs, jet skies, motorcycles, 4×4s. All the toys.

Every two years, they could buy a new car of their choice. The sky was the limit. They didn’t need to save money. They could get it all on credit. In fact the equity in their home was their own personal ATM machine. That was the new paradigm.

Same with businesses. They, too, seemed to defy the laws of economics and physics. They got something for nothing.

They could build magnificent shopping centers, and stock them with billions of dollars of Chinese (slave-labor-made) inventory. All these shopping centers were government subsidized. All financed by our banker buddies, with municipal bonds that will never be paid back.

Even corporations were on the global welfare system. They became no more efficient or productive. Yet the masses bought their new shares of stock, by the trillions.

So stock prices soared to the moon, as stock market ownership through retirement funds became the “investment” of choice. Even though the companies made no more profits.

This gave public companies trillions of leveraged dollars to play with. And play they did. Corporate pay shot through the roof. Never mind the perks like jets and yachts.

This great windfall was unearned. Nothing real backed it up. It was all a bubble. But with accounting black magic all this borrowed money — all these newly issued shares of stock (in reality, debt) that soared in price –- could be made to look like profits.

That is why corporations bought (and buy) other dead-broke corporations at such sky-high prices. They could make their own losses appear like profits.

Remember again the key thing. This huge orgy was built on the biggest debt creation in history. Debt that cannot be sustained. Debt that will bury the masses for generations to come. They will be strapped with low-paying jobs and taxes that strangle them for the next 100 years.

Junk bonds are debt of the most risky businesses. That is why their debt is rated as junk. Of all debt it has the greatest chance of never being paid.

Yet junk bonds give a yield that is not much higher than the yield of the sovereign debt of the U.S. government — the safest, highest-rated debt in the world…debt that for sure, without a doubt, will be paid in full. Insanity!

How can this be? The answer is simple and sad. Again our banker buddies have convinced the stupid money to go for high yield. So millions of people are taking on the vastly greater risk of junk bonds -– for just slightly higher potential reward. In reality they are buying the debt obligations of dead-broke monster corporations.

I repeat my often-stated refrain to you. In a debt wipeout the debt obligations of other are WORTHLESS. So get out of debt! Don’t invest in it not a penny of it. Because it is not a asset. It will be your undoing.

There is one exception to this: U.S. government debt. That may puzzle you. So let me tell you why you can lay in your bed at night, sure of two things.

One the U.S. government will pay its debt. Two the yield will plunge, in my opinion. Making the zero coupon bonds I recommend to you soar in value.

The reason is simple. The American people will be worked and taxed to death (literally), to make sure our government’s debt is paid. IT WILL NOT BE MONETIZED OR INFLATED AWAY!

Americans will give up their homes. Their cars. Their “benefits.” All to pay back this debt.

It will be UGLY! You’re already seeing this begin, with the record number of people losing their houses.

In the old system (that is coming to a end) endless debt meant the politicians didn’t have to worry. They could finance their great social experiments. They could hand out their endless mass giveaways to get votes. All financed by long-term government debt.

Now government debt is financing losses at banks, instead of government giveaways. That change will turn the world upside down. It is a new world order and not a very nice one. In fact it will usher in another dark age.

So you are clear here, we are at the “party’s over, penniless-debt-slaves” stage of the game now. Isn’t this clear? People are losing their homes, businesses and jobs. At rates never seen before.

You want a growth industry? Try flop houses, homeless shelters, prisons and food pantries. This will last for decades.

Remember that the mindless debt orgy didn’t last just five or ten years. It lasted three generations. Six decades. A hell of a lot of chickens are coming home to roost.

That has changed the world. And not in the way our clueless leaders promised either. Billions of people have been born, who know no better. They expect all these privileges -– the things people used to work, struggle and die for — as their right. And all for free.

To their minds, it all comes with their birth certificate. Life, liberty, pursuit of happiness -– plus education, health care, a home, a car, retirement.

They don’t realize everything around them is so cheap, because it’s so heavily subsidized on massive debt and slave labor.

The good times are now over. I know the politicians and Wall Street promise you otherwise. They say the green shoots party has started again. They want people to go out and borrow even more money. To stimulate the economy.

My friends, that is crazy. The WORST thing you could do is to go into MORE debt. It’s like telling a junkie trying to go cold turkey to take more heroin, so he will not feel so bad. The very solution they propose — spend more on credit — is the heart of the problem to begin with.

The depression is the price we pay for the debt addiction. Nothing can stop it. Kicking and screaming all the way, we will pay off all this senseless debt.

Individual personal debt has soared to levels unimaginable just 10 years ago. It far surpasses the ability of people to pay it back. And that debt keeps going higher.

This is why bankruptcies and foreclosures keep setting record highs. Along with poverty and homelessness. You know what I mean if you have ever been caught on the loan-shark/credit-card-debt- from-hell treadmill.

Corporations are no better. Don’t let their lying balance sheets fool you. They are broke, getting broker by the day. Which is why they can’t bring new stock issues to market. Why they can’t write their corporate bonds. Why they can’t do their IPOs to raise cash like they used to.

The suckers are out of money and credit. The ball of yarn has finally unraveled.

The bankers financed this endless credit orgy. They also are broke, losing more each quarter. Why do you think they needed trillions in bailouts -– and still can’t show real profits?

They use criminal schemes to disguise their vast debt. That’s what derivatives do. They let bankers hide debt and risk — and package it as an asset! Even though they know that debt will never be paid.

Government aids and abets them in this fraud. Why? Because the bankers aid and abet government. They give government the credit it needs , to try and buy off the masses. They were all in bed together, in the great debt lie.

Wall Street convinced over 100 million Americans to chase yield. To buy into the “high-yield, debt-based assets” b.s. They are clueless about the crap they really bought. This stuff gets more worthless by the day. Same with the “assets” that supposedly guarantee the debt. They also are dropping like a rock.

Just ask anyone who is unfortunate enough to hold mortgage paper. After the foreclosure and the final liquidation of the hahahahaha asset, they find they have lost their ass. The mortgage debt they bought as a “high-yielding investment” is only yielding huge losses.

These people did not buy high yield. They bought themselves their very own personal wipeout.

All so Wall Street and the bankers could roll the dice in the derivatives casino, rule the world, and pay themselves billions in bonuses each year.

You know what? All their gamesmanship -– all the phony-baloney accounting, their “pretending it’s a recovery” nonsense — doesn’t matter.

Because even with all their manipulations, the bankers’ incredibly sleazy instruments are still blowing up in their faces. The day comes when the gig is up. The Ponzi scheme is over. That day has come. We are at Judgment Day.

Every week we get more proof of this. One day retail sales drops further. A few days later, new home sales shock economists by falling again. Then consumer confidence crashes to new all-time lows. Unemployment, that was supposedly getting better, suddenly soars.

The bad reports never end. Of course not. It’s a depression. A deflation. Prices are dropping. Economic activity is slowing down. B.S. spin from government can’t change that.

And now for the coup de gras. Governments themselves — the source Perrier for borrowed money — the original unlimited charge cards — are going broke. En masse.

This is true in Greece (where the rioting on the street has already begun) in England. In Spain. In Portugal and Italy. It’s even true in that miracle of modern communism, China. (They do a good job hiding it.) It is spreading around the world.

Banks in these countries have lost tens of trillions of dollars or more. And that’s just for starters. The World Bank says the dead-broke banks have only gotten rid of or dealt with 25% of their bad paper. i.e. the worst is yet to come.

The past two years, governments have taken trillions of these losses off the bankers’ balance sheets. They have moved those losses over to the governments -– to the taxpayers. That is what the bailouts do.

But the losses are too great. Government cannot cover the bankers’ butts any longer. Which is why the “too big to fail” banks will be allowed to fail.

Most people know government is choking on the debt from its vast giveaway programs. This is getting worse. Millions more people are showing up at the welfare windows. These programs have reached the breaking point. Which puts government under even more pressure to come up with even more money. Money it does not have.

And most people do not know (unless they are Insiders) an even more frightening fact: government is also choking on the debt it has taken over from the dead-broke bankers. Its partners in the biggest financial crime ever committed.

So now the world’s biggest private AND public entities are wiping out. Nothing can stop the carnage that is about to spread around the globe.

The debt wipeout is upon us.
Aka The Great Depression II.

Before you take a bungee jump off a bridge without the cord, let me tell you the extraordinarily good news in this. In the coming weeks, months and years, we could make a fortune.

In principle, it’s not hard to know what to do. We take the opposite side, of the very derivatives that got our economy into this mess to begin with.

Remember, derivatives let the banks leverage their balance sheets to the moon. Now things are falling apart. So that leverage is working the opposite way. It is leveraging their losses.

Which means it has the potential to leverage our profits. This is our key to potentially making a king’s ransom.

I have already given you derivatives reco’s (i.e. ETFs), that let you get at the stock market. At the real estate REITs (real estate investment trusts). At the dead-broke banks. Gold. Oil. At the vast debt markets.

These are great trades,in my opinion. They will take some time to unfold. The way I see it, they are well worth the risk. If they do what I expect, we could make a series of incredible killings from them.

And now we could potentially raise that to a whole new level. We could get at the sovereign states as they go broke. Blood -– the real stuff — has already started flowing in the streets. This is just the start. You ain’t seen shit!

You might say, “wait a minute. I haven’t seen the wipeout.”

Yes you have. We already traded the first phase of this wipeout. Now we are positioning ourselves for the second.

Phase two is the ongoing banking wipeout. It will follow the “fake-them-out/recovery” rally-back. The sovereign debt crisis is your wake-up call for round two. It is starting as we speak.

“I have only seen the stock market go up,” you might say. “Same with oil and gold.”

Really now. Well, you should have been here when we traded the markets that went down so hard last year. And the year before.

Yes, gold and stocks have rallied since last March’s lows. Like we told you they would. Before that, they made historic crashes. Also just like we said they would.

These recent rally-backs give us another chance to whack the bastards again. The rally-back you have witnessed in stocks, gold oil and interest rates are, in my humble dishwasher opinion, a trading gift form GOD.

Ask yourself this question. What is different since last year at this time? What has happened to change the nosedive the world financial system is in?

Is the economy better? Are more people working? Has the hahahah housing market recovered?

Are people suddenly paying their mortgages? Have the alleged “buyers” suddenly come back into the housing market?

What a remarkable time. So many smart people have gotten suckered. They believe the biggest lie of all: that the worst financial crisis in history has played itself out, from start to finish, in less then 18 months. They are sheep headed for the slaughter.

My newest tape in production now is our latest offering in Current Recommendations. I wanted you to see this background information first. Current Recommendations will soon be posted on the Insiders website. It deals with the incredible specific opportunities presenting themselves, due to the sovereign debt wipeout and the ongoing, spreading depression.

Many of these opportunities are brand new. Almost no one understands them. As usual, the financial press is about six months behind the curve. And lying their asses off when they finally do catch up.

These trades let you potentially cash in, as nation after nation wipes out in Europe. As the Asian “miracle” turns into a fiery dragon collapse, straight from the pits of hell. This is especially true of China.

In closing…

You and I are incredibly fortunate. We are living in an unprecedented time of financial history.

You just don’t get lucky like this that often. You could go through a lifetime of trading, and never see one-tenth the opportunities we have right now.

Of course Wall Street says we are wrong. What a shock. Who the hell is going to admit we are in a depression -– a wipeout of biblical proportions? Especially when they got stocks to sell and mutual fund retirement accounts to strip clean?

Let’s get real. Suppose the masses could figure it out. Would they really be losing their homes en masse? Would their life savings have crashed by half or more?

First they invested in dot.com’s. “For the long haul.” Predictable they lost their asses. Then they moved over to real estate. Wall Street told them to buy that stuff now, because they aren’t making any more of it.

Real estate collapsed, too, to no Insiders surprise. It still has a long, long way to fall. People are getting their asses handed to them.

Since then did the masses all of a sudden take a smart pill? You believe now they suddenly got it right? That buying gold, getting ready for hyper-inflation, is the right play now?

Sorry. I don’t believe that for a minute. The facts say gold is another sucker play, a colossal money loser.

I say we are in a depression. We will be in a depression for the next ten years or more. Anyone who trades for a recovery — that will supposedly create thirty million new jobs, bring on shortages in oil and commodities because of soaring consumer demand -– that will send gold to the stratosphere because of debt monetization and Chinese buying -– is going to wipe out even more.

Just look at the track record of these people. They have been on the wrong side of every major move for decades. I do not believe for a minute they finally got it right this time.

We have incredible opportunities before us. I have never seen more startling proof of the spreading economic wipeout.

I’m Nick, I’m still at your service…. especially in these very difficult times,

Nick DISHWASHER Guarino

Convicted felon, banned trader, and gagged market analyst. But it is a fair fight. Because with my two hands tied behind my back, in the ring with these pompous asses, brains and truth still wins…..

CIA stooge Ayad Allawi laughs it up after 'winning' the Iraqi general elections

"I am saddened that it is politically inconvenient to acknowledge what everyone knows, that the Iraq war is largely about oil" - Alan Greenspan former head of the Federal Reserve

Tin-pot Iraqi dictator-in-waiting, Ayad Allawi was the US-appointed 'interim-Iraqi Prime Minister' for 9 months in 2004-5. Today he defeated incumbent Nouri al-Maliki to the position of Prime Minister by 10,000 votes according to reports.

Now there's one more CIA stooge ruling over yet another formerly sovereign nation and people.

on his next
flight home the last thing he would see would be a hot flash
of orange flames heading towards his seat on the plane.

...........Pilots can only have mild-to-moderate depression, and they can only take one of four medicines: Prozac, Zoloft, Celexa, or Lexapro. (Generic equivalents are available for the first three.) After sifting through the medical literature, the FAA figured the side effects from those medicines wouldn't interfere with a pilot's ability to fly a plane............

Airline pilots will be able to take antidepressants under new federal rules announced Friday, though the Federal Aviation Administration says it will try to make sure the side-effects don't "manifest themselves" at 35,000 feet.

Under the prior rules, pilots were not allowed to take antidepressant, and any pilot who admitted to having depression or being treated for it could be grounded.

But the FAA hopes to encourage pilots to get treated -- so long as they follow certain steps. The top airline regulator has no idea how many active pilots have been diagnosed with depression or are secretly medicating, because the pilots have a strong incentive to hide the truth. ...................

First, a primer for the uninitiated on "net neutrality."

Net (as in network) neutrality is the idea that all traffic on the Internet should be treated equally and — more to the point — should come at the same price. Right now, for instance, you don't have to pay more to watch a YouTube video than you do to check your email, even though the YouTube video eats up more bandwidth and, in theory, costs your ISP more for you to watch.

Websites and most consumers love the idea of net neutrality.

ISPs, on the other hand, are not fans. In fact, the net neutrality movement arose as a response to major ISPs' plans to attempt to charge websites and service providers more for "better" service on their networks. Fail to pay up and that YouTube video might take twice as long to download ... or it may not download at all.

ISPs call this the cost of doing business and a necessary reality in an era where bandwidth isn't growing but the amount of data being pushed through the available pipes is.

Net neutrality proponents call this extortion.

No matter who is right, things were looking up for net neutrality fans after the FCC and the Obama administration came out with specific and strongly worded recommendations and plans that they would push for net neutrality as the Obama broadband program (100Mbps to everyone!) moved forward.

But the showdown had already begun prior to the Obama era, way back in 2007, when Comcast, the country's largest cable company, began throttling BitTorrent downloads, effectively putting a speed limit on how fast they could go. The FCC put the kibosh on the practice, and ISPs, led by the mammoth Comcast, sued. Then the FCC announced even more sweeping rules that it planned to enact in the future.

This week, a major legal ruling was handed down in the Comcast case, and the tide has now turned in favor of the ISPs. The District of Columbia Court of Appeals said that the FCC had overstepped its authority in mandating net neutrality and that ISPs should be free to manage traffic however they see fit, noting that under current law, the FCC does not have "untrammeled freedom" to regulate broadband services. (In other words, Congress would have to specifically grant such powers.) The ruling was unanimous among the three judges on the panel.

Now net neutrality fans find themselves facing a serious uphill climb. Not only does the ruling open up the way — for now — for ISPs to ask websites and service providers for money; it might also allow them to restrict certain services from running on their networks entirely. Comcast, for example, may not want you to watch Hulu on its service, since then you'd have less of a reason to pay $60 a month for cable TV. It may also be able to ban VOIP services like Skype, so you'll pony up another $20 for wired telephone service. The dominoes are already lining up.

What happens now? The FCC has more tricks up its sleeve. As the MSNBC story above notes, broadband service could be reclassified to fall under the other heavily regulated telecommunications services that the FCC oversees, but that would likely result in additional legal wrangling and longer delays for the broadband plan to go into effect, a so-called nuclear option that would turn the world of broadband into a bit of a bureaucratic nightmare.

If it doesn't take this route, the FCC will instead have to ask Congress for the power to implement net neutrality rules as it sees fit, but that's a political game in a time when Washington seems awfully low on political capital. Don't rule out an appeal to the Supreme Court, either.