Member Submitted News

Oct 16 19:18

October 21st is Pay Day

October 10th was "D-Day", where D stands for "derivatives". That was the day that an auction for Lehman's $400 billion dollars worth of credit default swaps determined that sellers of swaps would have to pay out 91.375 cents on the dollar.

October 21st is "Pay Day", when those liabilities actually have to be paid by the counterparties to Lehman's CDS.

Oct 16 18:54


Outlaw is defined as: a person, group, or thing excluded from the benefits and protection of the law. Americans who care about freedom and liberty have known for a long time that Congress has simply become a lawless group of political animals who care nothing for the supreme law of the land. For decades they have turned a blind eye to other outlaws operating on their behalf: non elected officials in the various cabinets and agencies who have been destroying a free market system and the Bill of Rights. The list is so long, it would fill ten columns.

Oct 16 11:46

The End of the Financial World As We Know It

Where does the recent turmoil leave investors? Leaving emotions aside and taking a sober look at fundamentals, we arrive at the following conclusions. The global economy is likely already in recession. Despite the recent decline in energy costs and commodity prices, any recovery in domestic demand will be a protracted process.

Oct 16 11:19

McCain calls Kennedy Assassination an "Intervention" During Debate

...he said - intervention, then mumbled and changed it to tragedy.

Oct 16 10:49

Now THAT'S a maverick!

Be sure to click on things--especially the doors and windows....


Check out my politically-charged rock band, ThE Gitmos, at:

Oct 16 09:19

Have you ever heard of Bremer’s 100 orders?

If the answer is "no" then you don’t understand the true destruction of Iraq. This is not altogether something to be ashamed of; the media, led by Murdoch’s "FOX News" has deliberately refrained from covering the laws in any detail, mostly because if they did reveal the extent of the destruction, good American citizens would be outraged.
So the scene is set. In 2002 things have been unchanged for centuries. Why break a system that worked? Then Bremer came along with the answer: We’ll break a system that works for Iraq, because doing so will generate profit for America.

Oct 16 07:15

Capitalism Without Capital? by Ron Paul

It has been long understood that our federal government is going deeper into debt, consistently raising the debt ceiling and demonstrating no fiscal restraint. In recent years, debt ceiling increases have been placed in “must pass” legislation as a means to guarantee that Republicans as well as Democrats would vote for them when Congress was under Republican control.

Oct 16 07:12

War Hero or War Criminal?

As character assassination attacks on Sen. Barack Obama have now taken over Sen. John McCain's campaign, and because McCain cites his military experience as of prime importance, now is the time to focus closer attention on a facet of the Arizona Senator's own character. This is related to his 23 combat missions for Operation Rolling Thunder - the Pentagon's name for U.S. bombing of North Vietnam.

Oct 16 07:05

Criminalising dissent

There's an old saying that circulates in more politically radical circles: "Protest is patriotism." In this post-September 11 world of paranoia and political expediency, however, protest, an essence of democracy, has morphed into something perfectly Orwellian: terrorism.

Oct 16 04:46

***Mass Demonstration Planned On Wall Street***

Ralph Nader and Matt Gonzalez are bringing their Independent Presidential campaign to New York City October 15th & 16th! The Nader/Gonzalez campaign stands with people of all political stripes — Greens, Libertarians, Republicans, Democrats, independents, and Constitution party members — disillusioned with the two political parties that were behind the bailout of Wall Street crooks.

Oct 16 04:11

Seeing the Bailout for what it was Oct 5 2008

I was following the news very closely to see the results of the House vote on the Bailout Plan. The disappointment was palpable everywhere from the NYSE to the average Joe on the street. The Dow and Nasdaq plunged straight after the announcement and Joe Average and Hockey Mom's galore finally found out they had just been royally screwed by a Government that has been royally screwing their citizens ever since that Black Day they entered Pennsylvania Avenue.

Oct 16 03:35

The threat of the Fractional Banking System

Fractional Banking System

"A banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties. Most countries operate under this type of system."

Bank Run

"A situation in which numerous bank customers try to withdraw their bank deposits simultaneously and the bank's reserves are not sufficient to cover the withdrawals. Bank runs are a result of panic"

Oct 16 03:29

The Consequences of Lehman's Auction last Friday

Last Friday marked the Day when the Credit Default swaps that were on Lehman's books were 10cents on the dollar.
The estimated payout by Banks who were involved in these CDO's will be around $400,000,000,000 , yep, thats $400 Billion.
I already blogged why Banks have been hoarding cash instead of lending it, which was, as I remember, the point of the bailout bill.

Oct 16 03:26

Elephant in the Parlor

This weekend saw the European Union distill their own version of the Mother of All Bailout Bills. A nice new shiny version with leather seats and a turbocharger....The problem: it will not address the fundamental Economic issues that need to be fixed. Without the latter, the former is like giving the addict more Heroin to kill themself rather than commiting them to Rehab.

The Plan:

1. "Under the eurozone plan, members pledged to guarantee loans between banks until the end of 2009, and said they would put money into them by buying preference shares"

Oct 16 03:24

Paulson goes for broke

Paulson's upcoming purchase of Equity Shares in the last major banks standing in the financial OK Corral has convinced me once and for all that what we are looking at here is either idiocy on a monumental scale or the execution of an already established game plan.

Oct 16 03:21

It's The Economy Stupid

BBC News this morning..

Takashi Ushio, head of the investment strategy division at Marusan Securities, was quoted as saying by Reuters news agency.

"Last week people were panicking over the financial system, nobody really knew what would happen. But now it's the real economy."

Yutaka Miura, senior strategist at Shinko Securities Co Ltd, said investors were particularly unnerved by a 1.2% fall in the value of US retail sales between August and September.

"It really confirmed a severe slowdown in the US economy," he told The Associated Press news agency.

Oct 15 23:51

Name Members To Committee To Seek Prosecution of Bush For War Crimes

Initial actions considered by the Steering Committee, Velvel said, are as follows:

# Seeking prosecutions of high level officials, including George Bush, for the crimes they committed.

# Seeking disbarment of lawyers who were complicitous in facilitating torture.

# Seeking termination from faculty positions of high officials who were complicitous in torture.

# Issuing a recent statement saying any attempt by Bush to pardon himself and aides for war crimes prior to leaving office will result in efforts to obtain impeachment even after they leave office.

Oct 15 21:19


Notice that our dear allies the Israelis are nowhere to be found of the list greatest holders of United States treasury paper.

We fight their wars for them; we sustained a sympathetic terrorist attack for them (911); created a police state and shredded our constitution; spent the capital of our economic system, our military for them; our politicians are beholden to their lobbying organizations and PACS; we given them billions of dollars in aid every year, yet the Israelis won't even support the paper, the deficit, upon which we have fought their "eternal war on terror".

Oct 15 19:52

Day 1 in Spears case ends without jury

The first day of Britney Spears' misdemeanor driving without a license trial ended Wednesday without a single juror being seated.

Oct 15 18:48

18 Classified Reasons to Watch this Video

Remember: without 911 this would never have been permitted. We are being played.

Oct 15 18:40

Muslim DVD rattles voters in key battleground states

We are being played: we have been duped to fight Israel's war for them; where we have installed a police state not unlike Israel's own apartheid state; we spy on each other, searching for the non-existent "white al Qaeda"; we have been forced to squander our wealth for Israel's pre-emptive wars to reduce muslim nation-states to rubble; where we have lost all self-respect internationally. All based on a lie that the muslim is our foe, the perpetrator of the monstrous 911 lie.

Oct 15 18:31

Why Austria's Jörg Haider Was Assassinated

Oct 15 14:04

Alaska glaciers grew this year, thanks to colder weather

Two hundred years of glacial shrinkage in Alaska, and then came the winter and summer of 2007-2008.

Unusually large amounts of winter snow were followed by unusually chill temperatures in June, July and August.

"In mid-June, I was surprised to see snow still at sea level in Prince William Sound," said U.S. Geological Survey glaciologist Bruce Molnia. "On the Juneau Icefield, there was still 20 feet of new snow on the surface of the Taku Glacier in late July. At Bering Glacier, a landslide I am studying, located at about 1,500 feet elevation, did not become snow free until early August.

Oct 15 11:55

Lebanon stability scraps Israel's schemes

Iranian President Mahmoud Ahmadinejad says Lebanese independence and stability will halt Israel's conspiracies in their tracks.

"The Zionist regime's raison d'etre depends on war. That is the reason why global hegemony supports this regime," President Ahmadinejad commented on Monday. He made the remarks in a meeting with the leader of Lebanon's Free Patriotic Movement, Michel Aoun in Tehran.

He added that the Zionist regime is on its way to destruction.

Oct 15 11:44

Israel - Your Days Are Numbered

Any violence by a large population is not because these people [are] more violent than any other.

It's an alarm. It's a sign.

It's a signal that something is wrong in the treatment of this population.

From Ireland

to Algeria

to India

to America

to South Africa

the voices of the majority were silenced

as they suffered the same injustices.

They attack all of us for the same reason.

All of us catch Hell from the same enemy.

We're all in the same bag, in the same boat

Oct 15 11:31

Glenn Beck Highlights Threat Of Martial Law Following Economic Crisis

Like him or loathe him, last night CNN’s Glenn Beck became the only mainstream media source thus far to address on national TV the reality of the situation Americans are facing with the manufactured financial implosion - the direct threat of domestic martial law and a global financial dictatorship.

Oct 15 11:21

Judge allows release of HPD shooting video of man who claimed to be a CIA agent

Carnaby called HPD's Zavala back during the chase and told him he thought "that the agency had set him up." Carnaby also called FBI Special Agent Dennis Franks. Zavala and Franks both told him to pull over and obey the police.

Oct 15 11:10

Financial Crisis is the Birth Pains of a New Currency

You will hear the term “credit default swaps” by the hour as this mess deepens and worsens. What are credit default swaps?