Culture of Life News

Iceland's Financial State In Full Meltdown Mode

Iceland is falling down the old rabbit hole. They were tempted to go to infinity and now the system is resetting to zero! I remember some of the online pundits who are more popular than I, touting the krona of Iceland as a great currency. Selling Iceland as a great place to park money to protect it from the ravages of the US empire's financial collapse. But...as I keep on pointing out, THERE IS NO SAFE HARBOR WHEN A GREAT EMPIRE COLLAPSES! We must instead, build our communities and our families so they are strong enough to withstand the coming storm. Or we can listen to History who tells us happily, how revolutions, wars and other things naturally spring from similar circumstances.

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Reviving the R.T.C.; The next Big Plan from the Bernanke Politburo

by Mike Whitney

The Federal Reserve is presently considering an emergency operation that is so risky it could send the dollar slip-sliding over the cliff. The story appeared in the Financial Times earlier this week and claimed that the Fed was examining the feasibility of buying back hundreds of billions of dollars of mortgage-backed securities (MBS) with public money to restore investor confidence and clear the struggling banks' balance sheets. The Fed, of course, denied the allegations, but the rumors abound. Currently the banking system is so clogged with exotic investments, for which there is no market, they can't perform their main task of providing credit to businesses and consumers. Bernanke's job is to clear the credit logjam so the broader economy can begin to grow again. So far, he has failed to achieve his objectives.

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Loans For College Collapse And Vanish

Banks have ceased to lend money to students. Even with government guarantees. This will have a very vile ripple effect. Many colleges will go bankrupt this year if their incoming student body vanishes. Meanwhile, Congress will debate yet another $100 billion emergency spending bill for the hyper-expensive war in Iraq that is costing us trillions of dollars. Congress also must debate the 200 page reoranization bill handed over by the right wing neo cons who plan to destroy America. Anyone who OKs anything this gang does is insane or a traitor. Arrest the neo cons for wrecking our nation. Treason can be the charge.

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Kent's Sugar House, Berlin, New York

Instead of worrying about the world, I went off this lovely Sunday to visit one of my neighbor's businesses. Kent's Sugar House produces all the maple syrup we use at home. We love this product and are always fascinated to visit the Kent family as they manufacture their syrup the old fashioned way. They also are a part of Americana that we all adore: hard working people who make wonderful things, often, by themselves. So sit back and enjoy one of the most wonderful things in spring in the Northeast. Mud season is bearable if we can have maple syrup the rest of the year.

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Ethnic Warfare Is A Dangerous Weapon

Even as globalization and the imperial overreach of the US/NATO empire violently impose planetary rule, the US and Europe endorse, support and protect ethnic/religious cleansing and tribal warfare. They do this for very cynical reasons: divide and conquer. Controlling thousands of ethnic enclaves that hate each other but accept a tiny minority of ruling elites to run things, is the ideal situation as far as this reincarnation of earlier European empires is concerned. But this is also backfiring. The same forces being encouraged by the ruling elites to control the 'peasants' is catching fire at the very heart in this huge imperial conglomerate. This is all connected with the concept of 'free trade' and 'international banking'. There is a cultural war brewing. And it is very explosive.

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The Fed Coup: Destroy The SEC!!!!

The unfolding crisis in our banking system caused BY THE BANKERS THEMSELVES...continues to not only unfold but is being used as cover for a COUP. The private entities which we should call 'The Real Rulers' are using their own crimes as an excuse to destroy even more parts of our democracy and our Constitution. They hate the Constitution and some of these parties were against the Constitution from Day One. The 'reforms' proposed by the pirate who runs the Treasury that has no treasures left and the Federal Reserve that has no reserves is no reforms but a serious grab for more power. They want to kill the Security and Exchange Commission! My god, one of the few functional Federal agencies left! Time to talk about the Dr. Jekyll and Mr. Hydes pulling this coup.

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Obama Backs Volker

The differences between Obama and Clinton accumulate. Obama has Volker in his camp. Clinton has Rubin in her camp. This is an obvious difference that matters to me. Greenspan endorses Clinton over Obama because she, like him, wants the funny money solution to fix our financial collapse. But all candidates want to keep the housing market set at the bubble rate and not decline like it always does after a feeding frenzy at the Well of EZ Money. This is impossible. Housing prices have fallen in the past and will do this in the future. This is a fact of life we have to live with and learn from, lord help us. Eventually we will figure this out. And we also visit the Federal Reserve LLP to see what the new lending window is all about and incidentally, visit the Derivative Beast who is a Dragon in the Cave of Death. And I marvel at how stupid we are to not slay that beast 10 years ago when it was 55 times smaller than today. Also, the credit crisis continues to hammer Europe. This is a global meltdown. And Lehman Brothers is the victim of a Japanese rip-off scam to the tune of $250 million in loans.

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The Fed Makes Up Rules As They Roll Along

Michael Nystrom compares the Fed rescue via the TSAF window to a junk yard selling old wrecks as 'antiques.' Heh. A good read. And Bernanke's helicopter is going to pass over the banking system every two weeks from now on, dropping $100 billion a month. Except if the investment houses want more frequent drops. Then he will stuff another $100 billion or more into his copter. And Mr. McCarthy is scared of talking about conspiracies. This is because he can't believe that a bunch of greedy, idle, creepy people with agendas won't converge with each other and figure out con games and cheats that benefit themselves even if it destroys great nations? HAHAHA. They conspire. They certainly do this. But often, more subtle than most people think. They are big believers in provocations.

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Book Review: 'Trading Away Our Future'

Recently I received an interesting book called 'Trading Away Our Future'. The Richman family wrote this book which has some sensible solutions as well as explanations about trade issues that is quite good. As usual, though, I feel that the discussion about our nation's woeful state has to include sharp discussion about treason and betrayal and how all empires end up infested with creeps who destroy the empires. We can see this election cycle, how the process works. Sensible legislation and important changes to present laws that can halt or reverse present trends are not only ignored or sandbagged. They are attacked openly as nostrums, fake cures and snake oil is peddled as the solution! To the despair of these fine authors who wrote this book. I say, arrest the people destroying our nation and then we can pass sensible laws. Impeach the parties responsible. Especially those who are allowing the Pentagon to be a hostile force looting our nation.

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3 Rip-Off Amigos In Florida Steal $800 Million

Yet another strange story about arms dealers, this time, who were young Jewish men under the age of 21 who were selected by the Pentagon to supply ammo for Afghanistan. Seems they went into the murky world of Albanian and other arms dealers in order to buy out of date, dangerous ammo. The Pentagon then paid huge price hikes on this ammo which had to be destroyed. The NYT has covered this story today and it is making very tiny waves in the media. The rapine of the American taxpayer by traitors continues, of course. We aren't supposed to talk about this, of course. But this is what is bankrupting us? We don't make ammo anymore? What the hell?

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