US Debt Default=US 4th Reich Gone Bankrupt?

[conspiracy analyst]

Whilst most analysts allege fascism died in WW2 the reality is that the US domination of the world economy via Bretton Woods, the IMF, Marshall Plan and the 100 US bases the world over, clearly indicate that what Hitler attempted to do, ie unite the majority of the world, occurred.

The events in Norway indicate a new shift, away from the war on terror into a war by terror against the European nation states using the fake excuse of retro fascists, when the ones right under our noses with the Afghan, Iraqi and Libyan interventions indicating the direction of US foreign policy, driven by the bankruptcy at home.

They pretend that this is a silly dispute between hardline factions in both the Democrats and Republicansq when in reality everyone knows there is no such thing as a 'technical default' as there is no such thing as 'boom and bust' is over.

Going bankrupt America is aiming to drag the rest of the world into the sewer with it. Japan was recently hit leading to devastating financial and social consequences, Greece has been targeted but primarily the Eurozone and nothing is stopping the falling dollar and the rise in gold.

America is going to hell in a handcart and nothing will stop it. The debt default is real and no executive orders or quantative easing will help the situation but make it worse....We are witnessing a slow motion crash which will become a full head on collision. The events in Norway will pale into insignificance.

US Debt Default Clock

http://tinyurl.com/3hm2k8t

[conspiracy analyst]

Gov. Schwarzenegger Says F*** You To California Legislaturehttp://dailybail.com/home/gov-schwarzenegger-says-f-you-to- california-legislature.html

At the same time as California seeks crack finance in the form of a bridging loan of £5billion to survive meltdown

http://www.bloomberg.com/news/2011-07-26/california-seeks-5-billion-lo an-as-states-gird-for-u-s-default.html

[conspiracy analyst]

Newsmax

Video Analysis of Financial Metdown in the USA with Graphs


http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=C9B5-1

737 U.S. Military Bases = Global Empire
With more than 2,500,000 U.S. personnel serving across the planet and military bases spread across each continent, it's time to face up to the fact that our American democracy has spawned a global empire.
February 19, 2007 | LIKE THIS ARTICLE ?
Join our mailing list:
Sign up to stay up to date on the latest headlines via email.
TAKE ACTIONChange.org|Get Widget|Start an Online Petition � The following is excerpted from Chalmers Johnson's new book, "Nemesis: The Last Days of the American Republic" (Metropolitan Books).

Once upon a time, you could trace the spread of imperialism by counting up colonies. America's version of the colony is the military base; and by following the changing politics of global basing, one can learn much about our ever more all-encompassing imperial "footprint" and the militarism that grows with it.

It is not easy, however, to assess the size or exact value of our empire of bases. Official records available to the public on these subjects are misleading, although instructive. According to the Defense Department's annual inventories from 2002 to 2005 of real property it owns around the world, the Base Structure Report, there has been an immense churning in the numbers of installations.

The total of America's military bases in other people's countries in 2005, according to official sources, was 737. Reflecting massive deployments to Iraq and the pursuit of President Bush's strategy of preemptive war, the trend line for numbers of overseas bases continues to go up.

Interestingly enough, the thirty-eight large and medium-sized American facilities spread around the globe in 2005 -- mostly air and naval bases for our bombers and fleets -- almost exactly equals Britain's thirty-six naval bases and army garrisons at its imperial zenith in 1898. The Roman Empire at its height in 117 AD required thirty-seven major bases to police its realm from Britannia to Egypt, from Hispania to Armenia. Perhaps the optimum number of major citadels and fortresses for an imperialist aspiring to dominate the world is somewhere between thirty-five and forty.

Using data from fiscal year 2005, the Pentagon bureaucrats calculated that its overseas bases were worth at least $127 billion -- surely far too low a figure but still larger than the gross domestic products of most countries -- and an estimated $658.1 billion for all of them, foreign and domestic (a base's "worth" is based on a Department of Defense estimate of what it would cost to replace it). During fiscal 2005, the military high command deployed to our overseas bases some 196,975 uniformed personnel as well as an equal number of dependents and Department of Defense civilian officials, and employed an additional 81,425 locally hired foreigners.

The worldwide total of U.S. military personnel in 2005, including those based domestically, was 1,840,062 supported by an additional 473,306 Defense Department civil service employees and 203,328 local hires. Its overseas bases, according to the Pentagon, contained 32,327 barracks, hangars, hospitals, and other buildings, which it owns, and 16,527 more that it leased. The size of these holdings was recorded in the inventory as covering 687,347 acres overseas and 29,819,492 acres worldwide, making the Pentagon easily one of the world's largest landlords.

These numbers, although staggeringly big, do not begin to cover all the actual bases we occupy globally. The 2005 Base Structure Report fails, for instance, to mention any garrisons in Kosovo (or Serbia, of which Kosovo is still officially a province) -- even though it is the site of the huge Camp Bondsteel built in 1999 and maintained ever since by the KBR corporation (formerly known as Kellogg Brown & Root), a subsidiary of the Halliburton Corporation of Houston.

The report similarly omits bases in Afghanistan, Iraq (106 garrisons as of May 2005), Israel, Kyrgyzstan, Qatar, and Uzbekistan, even though the U.S. military has established colossal base structures in the Persian Gulf and Central Asian areas since 9/11. By way of excuse, a note in the preface says that "facilities provided by other nations at foreign locations" are not included, although this is not strictly true. The report does include twenty sites in Turkey, all owned by the Turkish government and used jointly with the Americans. The Pentagon continues to omit from its accounts most of the $5 billion worth of military and espionage installations in Britain, which have long been conveniently disguised as Royal Air Force bases. If there were an honest count, the actual size of our military empire would probably top 1,000 different bases overseas, but no one -- possibly not even the Pentagon -- knows the exact number f/or sure.
http://www.alternet.org/story/47998/

[conspiracy analyst]

You might want to sit down for this one. As bad as the housing crisis has been over the past three years, it has only been a warm up to what we have headed our way. Laurie Goodman, from Amherst Securities, has been tracking the housing market as well as anyone. She just presented her latest findings at the American Enterprise Institute and it is a horrific forecast, to say the least. As she puts it, “10.81 million homes are at risk of default over the next 6 years. Even if we try to be extremely conservative we can’t get the number below 8.7 million units.”

With defaults already piling up, the shadow inventory of homes has been growing rapidly, and given this new data the number is going to skyrocket. As this chart shows, the total has gone up from 2 million homes in 2009 to 3.35 million as of April, a 67.5% increase already.



The Atlantic explains this shadow inventory chart: “What’s happening to the homes of all those defaulted borrowers that we hear about? Many of those properties are a part of so-called shadow inventory. This is the sort of limbo between when a home’s loan defaults and when the property is put on the market for purchase. The increase shown above is staggering. The shaded area shows mortgages more than 12 months delinquent or in foreclosure (darker blue) and those seized by the bank (lighter blue).”

Laurie Goodman’s full presentation is available in pdf format here.

Obviously this is going to significantly drive home prices further down, as I reported a few weeks ago, 28% of US homeowners already owe more on their mortgage than their homes are worth. A recent survey by Fannie Mae found that 27% of American homeowners are considering walking away from their mortgage. A perfect storm is brewing. As prices continue to drop, with 10 million now at risk of default, a strategic default movement could devastate the “too big to fail” banks that caused this mess in the first place.

With all this trouble headed their way, no wonder they are fighting hard to, as Reuters put it, get “immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents.” They can attempt to fraudulently paper over reality, play accounting games, “extend and pretend” and buy off all the state attorneys and regulators they want, even have the Fed, Treasury, Congress and the president in their pocket; they can buy all the king’s horses and all the king’s men, but they can’t put Humpty Dumpty back together again.

This is what a collapsing Ponzi scheme looks like.

We must break up the “too big to fail” banks and end this RICO racket now. As the data proves, the longer we wait, the uglier this is going to get.


http://daviddegraw.org/2011/07/this-is-what-a-collasping-ponzi-scheme- looks-like-housing-market-headed-off-a-cliff-as-a-shocking-10-8-millio n-mortgages-at-risk-of-default/

[conspiracy analyst]

..

Putin says U.S. is "parasite" on global economy
By Maria Tsvetkova | Reuters – 4 hours ago.. .
.






.
.

LAKE SELIGER, Russia (Reuters) - Russian Prime Minister Vladimir Putin accused the United States on Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.

"They are living beyond their means and shifting a part of the weight of their problems to the world economy," Putin told the pro-Kremlin youth group Nashi while touring its lakeside summer camp some five hours drive north of Moscow.

"They are living like parasites off the global economy and their monopoly of the dollar," Putin said at the open-air meeting with admiring young Russians in what looked like early campaigning before parliamentary and presidential polls.

U.S. President Barack Obama earlier announced a last-ditch deal to cut about $2.4 trillion (1.47 trillion pounds) from the U.S. deficit over a decade, avoid a crushing debt default and stave off the risk that the nation's AAA credit rating would be downgraded.

The deal initially soothed anxieties and led Russian stocks to jump to three-month highs, but jitters remained over the possibility of a credit downgrade.

"Thank god," Putin said, "that they had enough common sense and responsibility to make a balanced decision."

But Putin, who has often criticised the United States' foreign exchange policy, noted that Russia holds a large amount of U.S. bonds and treasuries.

"If over there (in America) there is a systemic malfunction, this will affect everyone," Putin told the young Russians.

"Countries like Russia and China hold a significant part of their reserves in American securities ... There should be other reserve currencies."

U.S.-Russian ties soured during Putin's 2000-2008 presidency but have warmed significantly since his protégé and successor President Dmitry Medvedev responded to Obama's stated desire for a "reset" in bilateral relations.

EARLY CAMPAIGNING?

Casually dressed in khaki trousers and a striped white shirt, Putin flew by helicopter to the tented camp as part of a string of appearances that are being closely watched in the run-up to the elections.

He did not say whether he plans a return to the Kremlin or will stand aside for Medvedev, his partner in Russia's leadership tandem, to run for a second term.

But young people crowding round Putin, caught up in the campaigning spirit created by huge portraits of Putin hung from trees, were not shy about saying who they wanted as president.

"Russia's next president will be small, bald and look like Putin," 17-year-old Ilya Mzokov joked with reporters. Asked why Medvedev was not paying a visit to the summer camp, he said: "Only serious people come here."

Youngsters chanted Putin's name and applauded his remarks as he strolled round the camp, where US-style business seminars, extreme sports and political mudslinging were among the topics on offer.

Putin, whose macho image appeals to many Russians, briefly swung himself up the first half of a climbing wall, filmed by a gaggle of state television cameras.

Nashi, which means "Our People," was created by the Kremlin to counter popular dissent after youth activism helped topple a pro-Moscow government in Ukraine's 2005 Orange revolution.

The group has worked to spread a personality cult around Putin and regularly campaigns against Kremlin critics.

Opinion polls show Putin, still widely viewed as the country's paramount leader, retains near 70 percent approval.

But his United Russia party is trying to reverse a slide in popularity before December parliamentary polls, hoping to use a strong showing there to help Putin in the March 2012 presidential vote.

(Writing by Alissa de Carbonnel; editing by Tim Pearce

[conspiracy analyst]

NATO plans campaign in Syria, tightens noose around Iran - Rogozin
Tags:

DICTATORSHIP
ECONOMY
IRAN
SYRIA
TAXES
WAR/DRAFT/VETERAN AFFAIRS
WHITE HOUSE

NATO is planning a military campaign against Syria to help overthrow the regime of President Bashar al-Assad with a long-reaching goal of preparing a beachhead for an attack on Iran, Russia's envoy to NATO Dmitry Rogozin said.

History is about to repeat itself.

The United States Government got out of the Wall Street created crash of 1907 by getting into WWI.

The United States Government got out of the Wall Street created crash of 1929 by getting into WWII.

The United States Government is preparing to get out of the Wall Street created crash of 2008 by getting into WWIII.

Ah, but there is a problem! in this version of the global mistake, it is the United States that is the initiator and aggressor (Germany was smart enough to refuse the role this time around). And since the end of the 19th century, every major war has been lost by the nation that started it.

In the previous two world wars, the United States was a manufacturing titan. That is no longer true. The post WW2 boom years created a management void that was filled by Harvard Business School's "scientific management" and the MBA, creating a corporate culture with little interest in and even less respect for the actual making of products. At the end of WW2 there were over thirty US companies manufacturing TV sets. Today there are none. So this time around, the United States lacks the thousands of factories that churned out the material needed to fight as war. Those few products we still make are low in quality and durability (as I can personally attest from this made-in-Tennessee POS I just got back from the shop yet again.) Even our weapons, within which our hearts truly lie, according to George Bernard Shaw, are of (thankfully) poor effectiveness as the USS San Antonio and the F-22s demonstrate.

So, the US Government lacks the men, the money, and the factories to sustain the material production required for a new world war. And somewhere on the road to defeat, when the US Government is finally confronted with the inescapable reality that they cannot win a conventional war, the President will pull that plastic card from his wallet and read off the code numbers, and once more the United States will be the only nation in history to actually use nuclear weapons of mass destruction on the civilians of another country.

Murdering a few billion people to clean up your credit score strikes me as rather extreme. But that seems to be where the government is going.
http://en.rian.ru/world/20110805/165570384.html

[conspiracy analyst]

As promised, S&P downgrades United States AAA credit rating
By: ActivistPost
Tags:

ECONOMY

Madison Ruppert, Contributing Writer
Activist Post

That sure was fast, Standard and Poor’s has already cut the American long-term credit rating from AAA to AA-plus just days after the debt ceiling was raised.

This downgrade will increase borrowing costs for the Treasury, meaning it will be even harder for our weak economy to work off the black hole of debt that just continues to grow thanks to the incompetent clowns in Washington.

On top of the huge nose-dive in stocks yesterday, this downgrade is going to compound the American economy’s considerable issues and impediments significantly...



http://www.activistpost.com/2011/08/as-promised-s-downgrades-united-st ates.html

[conspiracy analyst]

ATTENTION IDIOTS IN THE MAINSTREAM MEDIA - Stop The Budget Lies - There Are NO Cuts - House Passes Bill To INCREASE Spending By $7 Trillion Over The Next 10 Years

Lies, Damn Lies And Government Budgets

I am so pissed off by the misreporting I could spit Ken Lewis hairballs.

1) Corporate journalists and financial pundits know NOTHING about budgets.

2) The Boehner led House passed legislation this evening that INCREASES spending by $7 TRILLION over the next ten years versus a baseline budget that would have increased spending by $9.5 TRILLION over the same period.

3) CBO said today that LESS than 2% of the decrease in the GROWTH of spending will come before the 2012 elections. The remainder come after the election.

4) Defense and war machine spending will grow at 3% per year instead of 4% per year.

5) This was nothing but an agreement to agree at a later date to look for reductions in planned spending GROWTH.

6) A Super Congress will decide on a mix of tax increases and reductions in planned spending growth to meet the targets at a later date.

7) No one in Congress even considered Ron Paul's simple plan, now endorsed by Time Magazine as well as liberal economist Dean Baker, to wipe out $1.6 trillion in fake debt owned by the Federal Reserve. Debt that we owe to ourselves, that is entirely legal to wipe away.

CBO says under this plan, the national debt will INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next 10 years.

9) The assumption for #8 above assumes the economy grows at 3% per year over the next 10 years, and that Treasury interest rates stay at historic lows. When rates increase, and bet your life that they will, interest on the debt will increase and so will annual deficits, leading to a national debt much higher than the $25 TRILLION that CBO estimates.

10) Regarding Treasury rates and interest on the debt, get educated about a concept called 'DURATION RISK.' Turbo Geithner and his MENSA bed-fellows at Treasury have chosen to finance the great majority of recent and future borrowing in short-term bills, which means that they have to be rolled over frequently. This is perhaps the least-discussed and most dangerous issue related to Treasury debt.

11) If S&P or Moody's has the sack to downgrade the U.S. AAA rating, a Sovereign CDS default will be triggered and Global Financial Armageddon will be unleashed.

12) The bill passed by Boehner tonight was the BEST they could do after 6 weeks of fighting.

13) Due to #12, the United States is officially *.

Thank you and good night.

http://dailybail.com/home/13-reasons-why-the-us-is-now-officially-bank rupt.html


Spending may be increased but it wont be going to the people of the USA, more to Wall Street and its military machine...

[conspiracy analyst]

Bank Of America In Freefall - Stock Now Trading Down 17%


It's getting ugly. Bank of America needs about $100 billion to avoid bankruptcy and the market is finally waking up to this reality, and the stock is tanking today.


AIG sues BofA for $10 billion alleging "massive fraud"

http://www.reuters.com/article/2011/08/08/us-bankofamerica-aig-lawsuit -idUSTRE7772LN20110808

[conspiracy analyst]

A new dynamic growth industry in the US.
The only problem they aint production more land.
Difficult to see how it will continue to expand at the rate it is.
But people are inventive if they cant find land above ground they can always learn from the Vietnamese and dig tunnels.


http://www.businessinsider.com/lakewood-new-jersey-homeless-tent-city- 2011-9?op=1