Wake-Up Call - 08/01/11

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The Inexorable Decline Proceeds Apace

The horrific economic numbers published late last week – and the revisions going back YEARS – show the economy to be in a much worse condition than thought. The country is in a downward spiral. The total concept of what turned the wheels of fortune in America is being trashed. The cogs in the economic machine have ground to a halt. Internal struggles between state unions and governors are pushing the states into bankruptcy. And much more… The horrors of default are unthinkable. The trap of cheap homeownership laid by Alan Greenspan. Putting the extreme of the top wealth in the United States into perspective.  The devastating drought in the south. The United States Postal Service hurtling towards bankruptcy… A little background. The man who used a loophole in the law to buy a $330,000 house for $16. 

Wake-Up Call - 07/29/11

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The U.S., Viewed From Afar

Americans continue to assume that no lasting harm will come to them but others are not so sure. How different newspapers in Europe perceive America in its current “crisis”. The insurmountable problems of hiring workers. Taxes, rules, forms to fill out, insurance, predatory lawyers waiting-in-the-wings.  Europe’s problems grotesquely understated. How to go about preparing to emigrate. How to convince your spouse!  How supermarkets get you to buy. Happiness: what is it? How to achieve it.

Wake-Up Call - 07/25/11

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Default!

Ignore the political infighting. It is nothing more than a meaningless display of egos. The U.S. has defaulted already four times in its (short) history. It will default again. Life will go on. Why financial analysts and economists always misread the economy. Two stars who ‘got it right’: Carmen M. Reinhart and Kenneth S. Rogoff. How they succeeded. The difference between asset-based bubbles and credit bubbles. Michael Hudson talking about Sheila Bair’s observations after leaving the FDIC. Why “too-big-to-fail” banks… must eventually fail!  Why banks aren’t lending: the scandal of Fed paying interest on “excess reserves”.  The absurdity of the new Greek restructuring plan and why Greece is still destined to default along with the other PIGS. The world of Lord Keynes, a covert communist economist, STILL followed and admired by today’s world leaders and economists…

Wake-Up Call - 07/22/11

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Homeland Security Wants You To Snitch On Your Neighbor

A ridiculous video put out by the Department Of Homeland Security informing you that you are surrounded by terrorists waiting to blow you up if you don’t corner them first. Google: ‘Fema partners with homeland security on psyops campaign’, hit ‘enter’ and play the 10-min video. It is very scary. It is designed to make you feel fearful and helpless and dependent on your friendly government. Figures collected by John Mueller of Ohio University show you are more likely to be killed by lightning, accident-causing deer or severe reactions to peanuts than terrorists. The spectacular failure of the biggest spending binge in peacetime American history which has had no effect whatsoever on the economy. The government refuses to admit the error and there are rumors that they want to do it again! The futility of government spending in economic terms.

Wake-Up Call - 07/18/11

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Hung Out To Dry

You, the American public, are being used by the federal government as the collateral behind the money which it borrows from abroad. This is the same phenomenon worldwide as per the global sovereign debt crisis. The current bust follows over thirty years of zero growth (after subtracting out government borrowing/spending). The US is a police state according to Andrew Kolin’s new book, “State Power and Democracy: Before and During The Presidency Of George W. Bush”. America shares the all the attributes of a third-world police state. Kolin describes the horror of the Patriot Act. The President is acquiring all the hallmarks of a dictator. The terrible cost in financial and human terms of what are turning out to be the longest and most expensive wars in US history. Greece is nearing the ultimate moment of truth. Its crisis is coming down to the final innings.

Wake-Up Call - 07/15/11

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Europe

A historical account of Europe’s financial troubles, including heavy criticism from Nigel Farage, UK Member of the European Parliament. Events leading to the current European crisis. Zbigniew Brzezinski’s take: social conflicts, social hostility, radicalism, etc. Why people buy and sell derivatives. Debts and government prevarication leading to political unrest and chaos and what you need to do to avoid it.

Wake-Up Call - 07/11/11

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The Turning Point

The government zombies run wild. Ignorant and misguided national and international policy an unmitigated disaster leading to national ruin. Pentagon’s fantastic war expenditures. Outrageous government salaries. A farcical attempt to encourage debt payment ‘contributions’. The horror of the latest unemployment statistics, grim in every single respect. How money has been transformed from an instrument of exchange into an instrument of confiscation of labor and property leading to an inevitable debt crisis which can never be resolved.

Wake-Up Call - 07/08/11

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Your Government Has Completely Lost Control

Singapore the top destination in the world for immigrants and workers. The US is “number 1” in so many ugly dimensions, it is impossible to list them all here. More bad news about money market funds and the outrageous risks they are taking, “groping for yield”. How the end of the gold standard in August, 1971 caused and led to today’s horrendous financial and economic crisis. Government ministers lying about statistics in the face of overwhelming evidence. Anecdotal story about working at the New York Times by Chris Hedges. Unemployment benefits drastically reduced as of July1. Many European banks expected to fail new “stress tests”.

Wake-Up Call - 07/04/11

REPEAT PROGRAM

Wake-Up Call - 07/01/11

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Contagion And The Knock-On Effect

Absurd ideas about life which conveniently prepare people to adopt equally absurd ideas about finance and the economy. Such ideas extend equally to Greece – and everywhere else.  Max Keiser explains how Bernanke lies. Commercial money market funds in extreme danger. Fed President Hoenig warns that The US’s biggest banks are putting the US at risk. Denmark’s Saxo Bank very bearish on the outlook. The US has “lost” $18 billion earmarked for Iraq.

Wake-Up Call - 06/27/11

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“Freedom” Is Closing In On All Sides

 A list of the horrifying statistics you should all know, leading to the inevitable economic collapse that lies ahead. Robert Kiyosaki turned from extreme optimism to extreme pessimism. Mob violence surges up in Peoria for no apparent reason. How simple disagreement with government policies is starting to be seen as “domestic terrorism”. Proponents of this attitude are become more and more emboldened, labeling people like Ron Paul terrorists and even FEMA has gone on record as teaching that the founding fathers should be considered terrorists!

Wake-Up Call - 06/24/11

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Fraud, Corruption And Societal Breakdown

The beginnings of the social unraveling. Corruption rife at all levels. The police state ramping up over the entire country. The TSA storming public areas indiscriminately and with no specific security threats or motive – on their own admission. Just “to have a visible presence and let people know we’re out here”.  More on the absurd excuses given for war and Robert Gates’s angry departure: “I can’t imagine being part of a government that’s being forced to scale back our engagement with the rest of the world”. The horrifying incompetence and stupidity of Ben Bernanke. People who think they are ‘empowered’ by holding debt – especially students. America’s roads approaching third world conditions.

Wake-Up Call - 06/20/11

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Debt And Destruction

World weather patterns wreaking havoc everywhere. Supplies running short. Water running out. Unsustainable population growth. Origins of the dollar as compared with origins of the euro. Debt was standardized at the dollar’s inception in the US but not in Europe when the euro was floated, leading to the current Greek catastrophe. Debt used for the wrong purposes, leading to crisis. What other financial luminaries are saying about the economy. Quite revealing. The current junk bond collapse as harbinger of the turmoil to come. More about the future direction of precious metals prices.

Wake-Up Call - 06/17/11

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War Clouds

Public addiction to and fascination with war. Recent events bear witness to the citizenry’s non-opposition to war. Permanent support for war covers every spectrum of the political divide, denials and excuses notwithstanding. Australian economist Steve Keen and his take on the compounding of debt and how debt has financed asset price bubbles leading to depression. The absurdity of the stimulus. How high and low standards of living over the centuries have oscillated between east and west and how it is now the turn of the east to carry the mantle of higher living standards.

Wake-Up Call - 06/13/11

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The Clouds Are Gathering Everywhere

Bubbles: what they are, how they form, how they progress, how they burst and collapse. Greece teetering on the brink. Sovereign defaults. How governments kick the can down the road. William Black talking about crony capitalism: how the authorities refuse to prosecute the big guns, massive fraud goes unpunished, underfunding of the overwhelmed authorities rife.

Wake-Up Call - 06/10/11

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A Story Of Corruption

Caller John describes in great detail the pitfalls of trying to negotiate the courts while administering his friend’s estate. Lies from Fukushima officials similar to lies surrounding bailouts and other national struggles. Failure of ‘The Recovery’ at every level. The business of popcorn. ‘Extreme Couponing’ and how you can benefit.

Wake-Up Call - 06/06/11

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Overcoming The Lies

Ignore those who tell you “GDP is growing”. There has been no ‘recovery’ or growth since 2008. The criminals have borrowed and spent $7.28 of YOUR money to generate just $1 of nominal “growth” in GDP. This is madness. The unraveling is in full swing. The Black Death and the economic wipeout of the 14th, 15 and 16th centuries. Are we looking at a similar grand supercycle top lasting countless generations? China real estate falling, inflation there is active and the drought is taking its toll in the heartlands. The collapse of Rome and the similarities with America today. The ugly reality of the IMF.

Wake-Up Call - 06/03/11

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The Perils Draw Ever Closer

A post-Memorial Day litany of dreadful economic statistics. A run-down of Memorial day violence nationwide, including death-and-destruction in Miami Beach, right outside my old hairdresser! Why the consequences of a Greek default will be much worse than Lehman. More Goldman Sachs scandals. Reasons to avoid municipal bonds. A searing account of how the world closed in on Jews in 1930s Germany and how they ignored reality until the last moment and the lessons to be learned.

Wake-Up Call - 05/30/11

REPEAT SHOW: Happy Memorial Day!

Wake-Up Call - 05/27/11

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Financial Incompetents And Social Invaders

What a horrendous combination! Yet that is the story of the U.S and the U.K today. Statistics proving the utter failure of money printing (Q.E.). The Fed has manifestly lost control of the economy (if it even ever had it in the first place). Excerpt from “Reckless Endangerment”, the new book by Gretchen Morgenson and Joshua Rosner, examining Greenspan’s and the Fed’s incestuous relationship with the banks he was supposed to be regulating. A litany of nightmarish ways in which Big Brother is keeping tabs on you.