Collusion between Government and Corporate Banks

By DataAnalytics - (Video via Bill Moyers Show)

“There’s no clearer example of the collusion between government
and finance than the deal that created Citigroup in the first place.”


Bill Moyers talks with former Citigroup Chairman John Reed to explore
how the mid-90’s merger of Citicorp and Travelers Group – and a friendly
Presidential pen (one Bill Clinton), brought down the Glass-Steagall Act.

While there were many people of power and influence involved, there
were three main players who were key in enabling the death of Glass-Steagall
were Fed Chairman, Alan Greenspan, Republican Senator, Phil Gramm
and Democratic Secretary of the Treasury, Robert Rubin.
(who was also former co-chair of Goldman Sachs)

All were heavily ‘pressed’ (and probably compensated) by Sandy Weill, head of
the investment bank and insurance company Travelers Group.
(Travelers merged with Citibank to form Citigroup)

In the prior weeks leading up to the repeal of Glass-Steagall, Rubin resigned his
government post to join Citigroup’s board, the very financial giant made possible
by the subsequent Glass-Steagall Act’s elimination.

While the darling of the media and the left-wing, former president Bill Clinton,
willingly and knowingly signed the bill eliminating Glass-Steagall. On the
April 1998 night before the signing, Weill stated:
“The President (Clinton) was in fact told last evening about what was going to happen.”

So, those who think or refuse to believe that Clinton was unaware or had no part
in the what was to be the creation of “Too Big to Fail” are dead wrong or just plain ignorant.

Among the legislation’s many detractors, was Senator, Byron Dorgan.
“We are with this piece of legislation moving towards greater risk.
We are almost certainly moving towards substantial new concentration
and mergers in the financial services industry, that is almost certainly not
in the interest of consumers.”

Senator Dorgan stated that in ten years we will look back and regret what was
enacted and sure enough in 2008, exactly ten years later, he was dead-on right.

What is without a doubt most apparent, is the full cooperation and collusion between
major players in BOTH political parties. As we have been stating for years, the majority of Republicans and Democrats are corrupt, deceitful and only looking to advance their
careers and fatten their wallets on the backs of the American tax paying public.
It’s time to start voting for alternative parties, period.

Read the full transcript here

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Consumer Inflation (Food & Fuel)

By DataAnalytics

A brief report on the latest purported inflation figures.

As if under some giant slumber, the ‘public’ was given the standard
rhetorical tripe on monthly inflation figures today from the BLS.

Amazingly, CPI-U barley rose a half a percent, in fact it ‘printed’ at
0.4%! Now considering more than half the population are most likely
‘asleep at the wheel’ this report deserves a double-take, even from the
most inept, reality-TV, stupor-induced American.

If you buy groceries and drive a vehicle, you must realize
(at least we hope so) that it is costing you much, much more to
feed you and your family and fill up the old gas tank.

How much more? Well for gasoline, the national average per gallon
is now at $3.83, up from $3.54 a year ago. That’s an 8.1% Rise.
How about from last month? Prices from February are up a hefty 12%.
But yet, the BLS proclaims that the ‘official’ measure of inflation has
only risen 0.4%. How can that be? Simple, one word. Deception.

gas price chart

How about food prices? Well let’s take a closer look at the cost of food
commodities from January 2012 back to January 2011. Meat, Poultry,
Fish and eggs are up on a weighted basis of 7.21% from a year ago.
Dairy and related dairy (cheeses, yogurts, etc) have increased 9% since
last year, while Cereal and Bakery products are up 5.25% from January ’11.

cereal meat eggs

Can’t live without that morning cup of home brewed Coffee? (me neither)
Well, roasted coffee prices have soared a whopping 16.85% from January 2011.
The only ‘good’ news, is that Fruits and Vegetables have actually
dropped about a half a percent, 06% to be exact.

coffee & veg

So while the government and B-B-B- Benny and Fed tout virtually no
to little inflation, there are some of us, who understand that this simply
is NOT true. The government is playing a game, a dangerous game at that.
Manipulating, doctoring and fabricating numbers and figures in order to
‘show’ that Central Bank intervention is working. (which we know is a failure)

The BLS has truly become a Ministry of Propaganda for the government.
No longer an agency of credibility and non-partisan reporting. Engaged
in a campaign of utter and sheer deceit on jobs data and inflation.
Making a mockery of the Statistical arm of academics and public trust.

Crony Capitalism or Corporatism by any other name…

Via Bill Moyers


Moyers & Company
explores the tight connection between Wall Street
and the White House with David Stockman, former budget director
for President Reagan.

Stockman speaks candidly with Moyers about how money dominates
politics, distorting free markets and endangering democracy.
“As a result,” Stockman says, “we have neither capitalism nor democracy.
We have crony capitalism.” Or Corporatism.

 

The Engineered Market and the Doctored Unemployment Rate

Friday, March 2nd, 2012

Short interview with Mark Leibovit of VRGoldletter.com, who speaks with
NBR’s Tom Hudson about the Fed’s manipulations, the engineered stock
market and the Doctored Unemployment Rate.

Video segment is from NBR with Tom Hudson. Full Transcript.

 

 

” My sense is not as optimistic. I don’t believe the figures
that we’ve been getting from the government.”

“There’s a lot of talk about the employment numbers, we know those
have been doctored up…”

Ron Paul Grills Bernanke at the Financial Services Hearing

Financial Services Hearing Highlights February 29, 2012

Congressman Ron Paul ‘asks’ Fed Reserve Chairman Ben Bernanke a series
of rapid questions about Fiat Currency, Silver and Inflation.

Quote of the highlight is;
…”that’s why they (the American people) Lose trust in government.”
Referring to the BS Inflation rate of 2%-3%. This portion of the clip is priceless.

 

A Planned Economy for the 1%

From   on Feb 25, 2012

Michael Hudson: All economies have a certain amount of planning,
the question is, for whom?

 

Gasoline Prices Soaring Again

By DataAnalytics

Monthly Gasoline prices SPIKE one more time.

Now $3.65 per gallon (2/24). THAT’S THREE DOLLARS SIXTY FIVE CENTS.
Up $0.08 cents within the week. So far gas has RISEN from $3.23 to $3.65
per gallon just since January.

(2/20)
The average pump price of regular gasoline in the U.S. has
now risen to $3.57
from a month ago at $3.385 p/gal., and
up from $3.171 p/gal., just a year ago. A hefty 12.6% rise.

Price Chart
Here is what the main stream media, the Street and the
department of energy are reporting:

Both Brent and WTI are trading well above $100 per Barrel.

WTI   Brent

The burning question is why.

Here are the corporate owned media ‘talking-points’:

  • Geo-political tensions
  • Possibility of supply interruptions
  • Decreased crude supply from Nigeria and Libya.
  • Decreased capacity from Cushing/Midwestern refinery’s
  • Higher demand from India & China

Nigerian production

 

In turn, this is what investment firms and traders use as
a so-called “inflection point” or “trigger” to artificially drive
prices up, of both crude oil and retail gasoline.

However, here are a number of facts uncovered by DataAnalytics.

Most of the previously lost Libyan production is back to
750-800K/per day.

Nigerian production of approx., 2 mb/per day has been relatively
stable for the past 15 months.

The supposed Geo-political issues in the middle east have been
on-going for the past 40+ years. This is nothing new.

The prospect of supply being disrupted is slight.

U.S. Gasoline demand is at its lowest in 17 years.

E.U. Gasoline demand lowest in a decade

  • The level of supply is elevated
  • The level of demand has decreased

Gasoline supply has increased 9.7% from January.
Refinery utilization has declined from 85.6% to 84%
per day or only 0.4% which equates to -218K per day.
(this is basically a negligible amount)

Other than geo-political rhetoric and wild, unregulated
speculation, the mostly normal and broadly acceptable model
of demand and supply, based on consumption, appears to have
no place in the current price  ‘controls’ established by Wall Street,
OPEC and supposed government regulations.

The fact is that the current and wild speculation is unfounded
and is in the process of creating a gasoline bubble. Just last week,
traders bought 90 million barrels of futures contracts for themselves.

A major consequence of course is increased consumer inflation
and the further erosion of discretionary income and spending.

The most perilous potential result could be a Double-Dip Recession.
The bottom line is that the average consumer will suffer the
most, while only a very select will benefit and benefit enormously.

When supply is up and demand is down, but prices keep rising,
it does not take a PhD to figure out the causation. Which is
neither one of a geo-political, mechanical or physical supply issue.
In short, it is simply the underlying ambition of unreasonable profit,
by baseless speculation, at the great expense of the consuming public.

We are working on a more in-depth story regarding crude oil
and gasoline commodities. Stay tuned.