My WRH "Front Page" Articles

Nov 11 19:09

Matt Taibbi: Courts Helping Banks Screw Over Homeowners

This is the dirty secret of the rocket docket: The whole system is set up to enable lenders to commit fraud over and over again, until they figure out a way to reduce the stink enough so some judge like Soud can sign off on the scam. "If the court finds for the defendant, the plaintiffs just refile," says Parker, the local attorney. "The only way for the caseload to get reduced is to give it to the plaintiff. The entire process is designed with that result in mind."

Oct 26 08:47

Trade of the Decade: The Power Elite's Grand Strategy

Here is the key point I wish to emphasize: we will not "get" inflation or deflation by chance or mechanistic functions, but by a series of policy choices which will be made to benefit the Financial Power Elites and their functionaries in the Central State.

Oct 18 09:26

Inside the Global Banking Intelligence Complex, BCCI Operations

The BCCI scandal gave citizens of the world a rare glimpse into the inner workings of the covert global banking intelligence power structure, revealing power politics in its purest form. BCCI was modeled after the world’s most powerful intelligence agencies and multinational corporations. It represented the evolution of organized crime into the new world of the global economy, rendering nation-states obsolete. BCCI transcended religions and nationalities; it cut across the entire political spectrum, uniting countries and groups that, on the surface, were considered rivals, yet were unified in their pursuit of power.

Aug 29 14:40

Asteroid Discovery 1980 - 2010

Three minutes of must-see video that will alter your view of the solar system.

Jul 09 15:32

Then Con of the Decade Part II

Yesterday I described how the financial Plutocracy can transfer ownership of the Federal government's income stream via using the taxpayer's money to buy the debt that the taxpayers borrowed to bail out the Plutocracy.

Jul 09 15:24

The Con Of the Decade Part I

In effect, it's a Third World/colonial scam on a gigantic scale: plunder the public treasury, then buy the debt which was borrowed and transferred to your pockets. You are buying the country with money you borrowed from its taxpayers. No despot could do better.

Jun 14 07:04

Japan and the US: Ad Hoc War, Ad Hoc "Recovery"

Even now, there is no strategy for "winning," and the word itself has been lost from the official vocabulary. It's not a "war," so there's no "winning." The sacrifice of the troops is not a consideration to the U.S. leadership, anymore than it was in the Imperial leadership. The trillions of dollars of national treasure squandered on an ad hoc war is also no consideration; every sacrifice will be demanded of the Military and civilians to avoid admitting the war was a tragic mistake, the result of hubris, heedless dogmatism, and a preference for domestically attractive fantasies rather than strategic imperatives and rigorous planning.

May 27 20:24

The Front Fell Off

May as well get a few laughs in at the oil industry while we contemplate the Deepwater catastrophe.

May 25 14:20

Going Long, Going Deep, and Going Broke: ZIRP and the Imploding Speculative Economy

Governments around the world have attempted to replace the real economy of value produced with a financial model based on credit growth and speculation. They have failed, and their constructs are imploding before our eyes.

May 18 18:16

Media Fail

Every day, we read and watch reporting that favors sensation over substance. Sideshows dominate the news cycle, while real issues of public concern get drowned out by the noise. What passes for news is too often badly sourced and tainted by commercial interests or political bias.

That's why we're launching an exciting new project called MediaFAIL that lets you expose the worst moments in the media as they happen.

May 07 12:22

Arizona Border War

RE: Mexican Assassins in America

Forwarded to me by a friend who recently retired from border patrol.........

As you know, one of the local ranchers was murdered in Douglas two weeks ago. His funeral is tomorrow. I received three messages similar to the one below from different officers within the Rangers and law enforcement.

Yesterday afternoon I talked to another rancher near us who is a friend of ours and whose great grandfather started their ranch here in 1880. These are good people.

He told me what really happened out at the Krentz ranch and what you won't read in the papers. The Border Patrol is afraid of starting a small war between civilians here and the drug cartels in Mexico .

May 04 21:48

Oil Slickonomics

Three scenarios lie ahead. They rank as bad, worse, and ugliest (the latter being catastrophic and unprecedented). There is no “good” here.

Apr 29 07:14

A Meditation on the Tea Party Movement

The Tea Party is self-organizing, and that also terrifies the status quo. Like the Chinese Communist dictators who were stunned and horrified to find the Falun Gong had self-organized under their noses, the status quo is absolutely terrified by the self-organizing structure of the Tea Party movement, for it is outside the Elites' control.

Like the ChiCom dictatorship, the U.S. status quo must disrupt, discredit, undermine, infiltrate and co-opt the Tea Party movement because it poses a large-scale threat to the absolute political control of the "one-party state" which controls the U.S. for its own benefit: the Demopublican-Savior State/fiefdoms/Power Elite cartels status quo.

Apr 23 07:29

Which Mitch Do You Believe?

Just to make clear that this was a two-way scratch-my-back deal, McConnell brought along John Cornyn, the banker hugging senator from Texas who just happens to be head of the senate Republican fundraising arm. In fact, Cornyn has been making regular trips to Wall Street in recent weeks seeking their support.

So let's review: Mitch-the-the-prairie-populist is publicly pretending to be fighting Wall Street, while Mitch-the-bankers'-buddy is privately shaking them down for campaign cash in exchange for being on their team. Who could be cynical about that?

Apr 20 09:02

Vampire Squid, Meet Ravenous Piranhas

With good reason, many see the SEC's tepid pinprick into the gargantuan body of the vampire squid as an effective bit of political theatre. After four long years of the blogosphere pounding on the implicit and explicit fraud at the heart of mortgage-backed securities and the derivatives written against them, and 1.25 years of their own humiliating derriere-kissing of Wall Street, the Democrats sorely need to establish some bonafides that they really, really, really are not beholden to Wall Street (even if they are). So some sort of simulacrum "crackdown" is needed lest their political power be eroded or even demolished in the November 2010 elections.

Apr 15 13:46

CLERICALLY INSTITUTIONALIZED PEDOPHILIA: ANOTHER NAIL IN CIVILIZATION'S COFFIN

Like rape, pedophilia is not about sex, but rather about power. For this reason, it would not matter if priests were married. In fact, most sexual abuse of children is committed by heterosexual males. Thus, attempting to treat symptoms of institutionalized pedophilia by allowing priests to marry or by accusing abusing priests of homosexuality is pointless because it does not address the systemic nature of these criminal acts against children which has little to do with marital status or sexual orientation.

Apr 12 07:35

Tyranny of the Majority, Corporate Welfare, and Complicity

After including earned-income tax credits, the bottom 60% of households paid less than 1% of all Federal income taxes, and the households between 60% and 80% paid 13%.

The top 20% paid 68.7% of all Federal taxes: Income taxes, Social Security and Medicare, excise and corporate taxes. The top 10% of households paid fully 72.7% of all Federal income tax, the top 5% paid 60.7%, and the top 1% paid 38.8%.

In essence, this is a vote-buying scheme by the Status Quo: the top 1% control the policies of the State in alliance with the State's own Elites, and together they buy the complicity of the bottom 60% to passively accept their dominance.

Mar 31 20:20

The Contrarian Trade of the Decade: The US Dollar

Since so much debt is dollar-denominated, then there will be demand for dollars to pay down debt. That is the essence of deleveraging.

And since other assets will be falling as interest rates rise and risk aversion returns with a terrible vengeance, then "cash will be King." Dollars will rise in value, and the best and safest return on capital will be money-market funds or short-term notes.

Rather than doom the dollar, these trends suggest the dollar could rise in purchasing power and demand for years to come. I know this is contrarian, but ponder the distinction between "printing money" and selling bonds/attempting to expand credit in a credit-averse, collateral-impaired system.

Mar 22 07:38

The Most Important Chart of the Century

Modern monetary theory does not understand, nor does it correctly describe the debt backed money world in which we live. Velocity, for example, slows as debt saturation occurs. This is only common sense, and yet the formulas do not account for the bad math of debt, nor its non linear function. Velocity is blamed partially on the psychology of “consumers.” What nonsense. It is as mechanical as the engine in your car, it was designed that way. Once people, businesses, and governments become saturated with debt, new money/ debt when introduced can only be used to service prior existing debt.

Mar 16 22:03

BARACK IN THE CROSSHAIRS: IS THE MILITARY THREATENING TO KILL OBAMA?

In our political system, it is virtually a given that all politicians are corrupt. The politician wants to get elected; so he takes money from thieves; the best do small things to help the people; but they all do what they think they have to to keep the money flowing in. But people are people. They occasionally get carried away by an idea, or by the moment, and they get inspired to think that real virtue is possible, even for them. And for such people, at such times, there are other forms of coercion. Blackmail, for example. Further, all politicians know, and the media too, that to admit certain truths means, at least, political death. And on occasion, there is the real murder of an individual who thinks he can, and does, serve the interests of the people.

Mar 15 08:33

Psychopaths' Brains Wired to Seek Rewards, No Matter the Consequences

"It may be that because of these exaggerated dopamine responses, once they focus on the chance to get a reward, psychopaths are unable to alter their attention until they get what they're after," Buckholtz said. Added Zald, "It's not just that they don't appreciate the potential threat, but that the anticipation or motivation for reward overwhelms those concerns."

Mar 02 20:21

US Economy Grinds to a Halt

"Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…" said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. "You know what? It doesn't matter. None of this—this so-called 'money'—really matters at all."

Mar 01 14:20

When Debt Junkies Go Broke

The U.S., the U.K., and the "PIIG" countries (Portugal, Ireland, Italy and Greece) are debt-junkies, endlessly borrowing vast sums to enable their addiction to public "Savior State" spending and private consumption.

Like any good drug pusher, the merchantilist nations lower the price of their goods via currency manipulations to hook the addict nations on their goods, and then feed the debt-junkies' consumerist "habit" with low-interest loans drawn from the immense profits reaped by selling to the junkies.

Feb 26 08:40

Slow Death by Rubber Duck

Inspired by Morgan Spurlock's fast-food gluttony in the movie Super Size Me, two environmental activists from Canada devised their own experiment. Instead of fast food, Rick Smith and Bruce Lourie absorbed themselves in everyday products like shampoos, soaps and cleaners to find out what kind of damage might be done to their health.

Their book about the adventure is called Slow Death by Rubber Duck: The Secret Danger of Everyday Things.

Feb 16 08:22

Banker's Manifesto of 1892

The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When through the process of the law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.

History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

Feb 15 14:54

SD GOVERNOR ACCEPTS NEW POSITION APPOINTED BY OBAMA

In a previous article, I sounded the alarm regarding some of Obama's most dangerous Executive Orders signed this year. In this case, I am referring to the formal creation of a Governors Council and their role in the very possible further demise of States' Rights. Although according to Obama it has been fluffed-up and sugar-coated as nothing more that an Advisory council of 10 Governors to meet on various issues. Let us look at the geographic locations of these Governors and its relevance to the bigger picture.

Feb 12 08:11

Girl Attacked as Security Guards Watch

Your tax dollars (not) at work!

Jan 22 18:48

Low Interest Rates and Easy Credit Are Catastrophes in Any Economy

Super-low rates and easy credit are not panaceas--they are in effect demolition machines which will destroy any economy which is seduced by their siren-song of "easy growth." There is no such thing as "easy growth" based on low rates and easy credit; "growth" based on artificial demand rises to the point that income no longer services the interest costs, and at that point then the collapse of asset prices and government revenues is guaranteed.

Jan 20 19:58

An Unwelcome Katrina Redux

“There is evidence that the United States found oil in Haiti decades ago and due to the geopolitical circumstances and big business interests of that era made the decision to keep Haitian oil in reserve for when Middle Eastern oil had dried up. This is detailed by Dr. Georges Michel in an article dated March 27, 2004, outlining the history of oil explorations and oil reserves in Haiti and in the research of Dr. Ginette and Daniel Mathurin.

Jan 12 22:12

Britain Should be Run as a Workshop, Not a Casino

Censorship in real time: The article by the title above had a top-of-page quote above the the Haiti quake news. I clicked on it and found a brilliant guest opinion piece which I decided to post on WRH by the time I was done reading it. It made scathing comments about British bankers and leadership. But before I could finish posting, the article had been sent to the memory hole. Here is the quote I copied from it: