HARDBALL
The banks do create money. They have been doing it for a long time, but they didn’t realize it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc.
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MUST-BUY/READ BOOKS
March
1. Dr. T.D Singh
God is A Person – Reflections of Two Nobel Laureates, Charles H . Townes & William D. Phillips
(FF: When my daughter came back from her Odissi dance tour in India, she gave me this book for my 60th birthday. What a thoughtful gift! The majority of the public have a warped sense that scientists are generally anti-religion. It is heartening to read that two Nobel Laureates have put to rest this ridiculous notion. Charles Townes is the inventor of maser and laser and in 2005 won the Templeton Prize and has devoted a large part of his life to promote the convergence of science and religion. Prof William Phillips pioneered laser cooling of atoms and paved the way for scientists to create Bose-Einstein condensation and the atomic clocks, without which Global Positioning System (GPS) would not be possible.
Charles Townes has this to say about God: “God is very personal. He has very personal interactions with us. I think there is continuous interaction between God and this universe, especially with us personally. That is very important to our lives… I believe that and I feel it.”
Prof. William Phillips shares similar sentiments – “I think God wants from us is to have a personal relationship with Him and to have good personal relationships with each other. That is why we are here. The relationship God wants us to have with him is a kind of model… It models for us the kinds of relationships we ought to have with each other.
When I read these words, I was more than inspired. There are so many incredible insights by these two scientific giants in this remarkable book. If only the so-called experts in religion have the humility and understanding of God as shown by the Nobel Laureates, the world would be more peaceful and harmonious. Champions of various faiths, instead of cultivating empathy and understanding, have been sowing discords and hate. It behoves these extremists to read this book so that they may be true to God.
I have read this book three times and I cannot wait for another moment of free time to read it once more. It has given me a new perspective as to how we should conduct ourselves in relation to God and to our neighbours. Get this book now. Contact Bhaktivedanta Institute, Kolkata – Tel/Fax 91-33-2500-9018: 2500-6091
January / February
1. Federick J. Sheehan
Panderer To Power
(FF: In 2007/2008, the Global Financial Tsunami almost collapsed the global financial system. We have yet to recover from that turmoil. The 2nd wave of financial destruction is about to begin. While many writers have pin-pointed the key global banks as the culprits, headed by Goldman Sachs, few have dared identify specific individuals responsible for the financial fiasco. Mr. Sheehan’s immaculate research have established an iron-clad case that Alan Greenspan was one of the key players that nurtured and promoted the various scams that have destroyed the livelihood of millions across the globe.
The mass media promoted Alan Greenspan as a financial genius, but this remarkable book tells a different story. In simple language, Alan Greenspan has been exposed as a scam artist, manipulator, charlatan and as the title of the book suggest, a panderer to power. Bernanke is following Alan Greenspan’s footsteps and we hope that Mr Sheehan will also expose this latter day panderer to power. This is a must read, and will be a classic.
Please read also Greenspan Bubbles which the above author co-wrote with William A. Fleckenstein which was reviewed in 2008. See archives.
2. Jocelyn Hurndall
Defy The Stars
(FF: Having just got back from Gaza and experienced first hand the devastation and cruelty suffered by the Palestinians at the hands of Israel’s war criminals, reading the story of a 21-year old student shot in the head by an Israeli sniper while trying to help a Palestinian child and died nine months later, aroused extreme anger in me. Tom Hurndall was unarmed, yet he was gunned down mercilessly.
The war criminals denied the crime, but the persistent efforts for justice by Tom’s Mother, the author, ensured that Tom did not die in vain. Finally, Israel admitted its culpability. This is a story of the courage of a young man making the ultimate sacrifice, a family’s determination to see that justice is done and the brutality of the Israeli regime. A story told with dignity and compassion. It is also a story about the Palestinians in Gaza, of all the mothers who have lost their sons in sixty years of occupation. Be prepared to stay up all night when you pick up this book.
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"One who breaks an unjust law must do so openly, lovingly, and with a willingness to accept the penalty. I submit that an individual who breaks a law that conscience tells him is unjust and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for law."
- Martin Luther King
Conspiracy Theory or Reality?
"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."
- President Woodrow Wilson, 28th President of the United States
MUST-READ ARTICLES
Views, Without Fear or Favour
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Martin D Weiss
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Tuesday, 09 March 2010 07:42 |
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By Martin D Weiss – MoneyandMarkets
With global investors attacking any sovereign government that’s running massive deficits or stuck with a pile of bad debts …
And with Uncle Sam obviously the world’s greatest debtor, beggar and fiat money printer …
Some folks at the Treasury Department now fear the United States could be the next victim.
So they’re scrambling to get rid of at least SOME of the junk they piled up during the great bailout frenzy of 2009.
Case in point:
The government officials running Fannie Mae and Freddie Mac have decided to force big banks to take back $21 billion in bad mortgages.
If they can get some of these sick assets off the government’s books, they figure, they can say they did SOMETHING before global investors start attacking.
So they’re using various loan provisions to force giant institutions like Bank of America, JPMorgan Chase, Wells Fargo and Citigroup to buy some of them back.
But these bad loans are a hot potato that no one wants!
Fannie and Freddie certainly don’t want them. Just since 2007, they’ve already lost $202 billion on loans like these, a figure that dwarfs the $21 billion in loans they’re trying to pawn off to the banks.
Meanwhile, the banks wish they could stuff every one of these bad loans into lead boots and toss them into the East River.
The loans are already in default. The homes used as collateral are now worth far less than the outstanding balances on the loans. And, inevitably, the banks that get stuck with them are going to take huge hits to their bottom line. To whit …
• JPMorgan recently said that it loses about 50 cents on the dollar for every bad loan it has to buy back.
• Bank of America’s mortgage division lost $3.84 billion last year, thanks largely to these buy-backs. Plus, the volume of buybacks is increasing so dramatically, it has to set aside $1.9 billion and hire new employees to process these buy-backs.
• Wells Fargo had to repurchase $1.3 billion in these loans in 2009 — THREE TIMES the 2008 amount — and also had to pay nearly $1 billion in costs as part of the repurchases.
• Citigroup has had to increase its repurchase reserves six fold this year alone!
And this effort to get bad loans of the books is just ONE example of the spreading fear among Washington officials.
Look. They saw how global investors dumped Greek bonds a few weeks ago. And they saw it happen AGAIN this week as investors attacked Britain. They know we could be next.
What they DON’T realize is that shuffling a few billion around is tantamount to moving deck chairs on the Titanic.
It’s too late to prevent an all-out attack on the U.S. dollar and U.S. bonds. And when it hits, you can expect a series of dramatic changes not only in the U.S. bond market, but in every asset class.
My recommendations:
1. Don’t touch long-term bonds with a ten-foot pole;
2. Keep most of your money tucked away in a safe place, even if the yield you earn is disappointing; and
3. Stay on the look-out for major profit opportunities — both with up and DOWN moves — in all FIVE asset classes.
This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit:
http://www.moneyandmarkets.com.
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Jerusalem Post (Middle East News)
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Facebook Is Run By CIA - By Factzone, with Brooke Alvarez
Psychotic US-UK Ruling Elites Push Russia, China To Brink - Webster G. Tarpley on the Alex Jones Show
Statement In Connection With The Situation Concerning The NATO Countries' Missile Defence System In Europe, President of Russia, Moscow
BBC Journalist Greg Palast Exposes The Banksters Takeover "Plot"
Jesse Ventura, Former Governor of Minnesota, Has No More Patriotism Left In Him, Raps Judicial System of USA As A Bunch of Cowards, Star Tribune
William Engdahl: "Arab Spring A Western Ploy To Control Eurasia", RT
William Engdahl: "Arab Spring A Western Ploy To Control Eurasia", RT
Chris Busby: Enriched Uranium Weapons Deployed In Iraq War, RT
Occupy Oakland Strike vs Tear Gas, Flashbangs, Rubber Bullet, RT
Jobs Now, Stop the Foreclosures, Jail the Banksters
Historian Adam Fergusson Discusses History of Wiemar Hyperinflation, When Money Dies, with James Turk from GoldMoney Foundation
Exclusive IDF Interview - Israeli Soldiers Told To 'Cleanse' Gaza
Lies Behind the Humanitarian War In Libya
Welcome To America: Police Use Pepper-spray and Rubber Bullets at Occupy Denver Protesters
Keiser Report - Speculators Win Again
Max Keiser's On the Edge with Catherine Austin Fitts
Bush in B.C.: Canada Hosts a War Criminal - Global Research TV
Splitting The Sky Speaks At The Arrest Bush Protest In Surrey, British Columbia
High-Class Terrorists Running US, UK, and France - RT, Adrian Salbuchi
Chris Hedges on #OWS: "This One Could Take Them All Down"
Big Bank Revolt In Full Swing, Million$ Withdrawn
1 Marine vs. 30 Cops At Occupy Wall Street
Judge Napolitano On Government Faking Terror Plots
I Am Not Moving - Occupy Wall Street
Bank of America Using Police SWAT Teams to Stop Bank Withdrawals In St. Louis
Venezuela Slams US, NATO's Involvement In Libya
Debt Crisis - Europe on the Brink
Doug Casey Answers The Hard Questions About Hard Times
The Wonderful World of Tony Blair
War on Libya Exposed: Mahdi Nazemroaya and Cynthia McKinney
Keiser Report - Troika Tanks, Junta Bots & A Run on French Banks
The System Is Rigged By Richest 0.1% Against Hardworking Americans - By David DeGraw on Ring of Fire with Mike Papantonio
Peter Schiff On Obamanomics: "There Are Not Enough Open Minds In The Capitol To Keep This Ship From Sinking"
The Face of Imperialism - By Michael Parenti
Jobs Report, Gartman on Gold, Gross on Bonds, Government Sues Banks
Ron Paul Interview On Fox News
Latest Report From Tripoli - NATO's Mainstream Media: "Killing The Truth" - Global Research Report from Rixos Hotel - By Mahdi Darius Nazemroaya
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NATO War Crimes In Libya
Leuren Moret: Japan, U.S., Canadian Governments Complicit In Covering Up Fukushima Radiation
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