15 MAY 2012

"Hey KingCast What's Crackin' at Tomorrow's Hubert Humphrey Annual Civil Rights Gala in DC?"

Yes, my former co-worker and Assistant Attorney General from Ohio and current CFPB Chief Richard Cordray was in attendance, read more about him and Kent Markus in this Mortage Movies Journal Entry that also partially addresses what a horrible Senator Kelly Ayotte really is.

Here is the link for this year's Humbert Humphrey Civil Rights Gala. A rousing rendition of the National Anthem I say. As to my ultimate purpose in attending, that is still going to remain unpublished for several days. I wish I could tell you but I can't just yet, but very soon. It is going to come out of left field and call into question EVERYTHING, that is all I can say.

TRUST ME FOLKS: When this story hit in late May or early June you will say "Dod Gamn!!!?

(*I wouldn't bet against it , in 49 states other than Massachusetts http://whatreallyhappened.com/content/has-massachusetts-lost-its-polit... , at least .)

By now many have seen some iteration of various GDP to sovereign debt charts but how many have seen this sovereign debt to government revenues chart?

France’s unemployment rate has risen to 10 percent, with millions of French citizens looking for work as Europe’s economic crisis shows no sign of letting up.

Most of the money Greece used to pay in full a 436-million-euro foreign law bond on Tuesday went to a vulture fund, the New York Times has reported.

“Almost 90 percent was delivered to the coffers of Dart Management, a secretive investment fund based in the Cayman Islands, according to people with direct knowledge of the transaction,” the newspaper said.

“Dart is one of the best known of the so-called vulture funds, which have a track record of buying the distressed bonds of nearly bankrupt countries — and if they do not get paid, suing the governments for the money.”

The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. At this point, the entire Greek banking system is in danger of collapsing.Meanwhile, banks in other troubled European nations are already on shaky ground. The Spanish banking system is an absolute disaster zone at this point and on Monday night Moody's downgraded the credit ratings of 26 Italian banks.

The situation in Italy is especially worth keeping a close eye on. As Ambrose Evans-Pritchard recently noted, things are not looking good for Italy at all....

France’s unemployment rate has risen to 10 percent, with millions of French citizens looking for work as Europe’s economic crisis shows no sign of letting up.

Runway capitalism is moving unrelentingly towards sociopolitical-environmental collapse—cheered on by a two-headed single party machine known as US Congress. Activists, who see the coming disasters as catastrophic, are seeking revolutionary change through non-cooperation, and occupy disruptions. Yet, many are the still delusional hopefuls desperately fumbling with traditional responses; including "Kum ba yah" marches, and the futile support for progressive left-leaning candidates seeking positions of influence inside the Washington beltway.

NEW YORK, May 15 (Reuters) - World stocks declined and the euro fell to a four-month low against the dollar on Tuesday after Greece said it would hold new elections and worries increased about its possible exit from the euro zone.

Gold touched a 4-1/2-month low as the euro's weakness unnerved investors over the profitability of holding euro-denominated assets.

Unlike California, New Jersey has been praised for being a bastion of fiscal stability. Guess not!

Add New Jersey to the ugly economic performance in Wisconsin, and suddenly a lot of the GOP's favorite governors aren't doing so hot.

Here's the full press release.

(Reuters) - Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that threatens to hasten the nation's slide towards bankruptcy and a future outside the euro zone.

Paul Adams, J.D.
Activist Post

In part one of this research, we documented that fact that banksters have conquered the world by obtaining a monopoly on creating money from nothing and loaning it at interest.

The IRS and Federal Reserve

Like the Federal Reserve, the IRS was created in 1913. The purpose of the IRS is to enslave citizens by stealing the value of their labor through collecting income taxes.

On average IRS and other tax collectors steal 3.5 months of each Americans’ labor time each year, or one-third of earned income. Of course, many Americans pay much higher tax rates, with a top individual Federal tax bracket of 35%.

A country that is hopelessly enslaved by Jewish money and Jewish power, is not free to report the truth.

America needs to produce politicians who are more honest and less fearful of the wrath of the Jewish lobby (AIPAC).

However, this won’t happen until mainstream America discovers the disastrous role Israel and her agents play in America’s national life.

Another well-done, excellent example of the truth, which has long been apparent.

Media Lies!

As the global financial markets continue on their downward spiral mass anti-austerity protests sweep across Europe as a financial disaster looms.

Standing to make billions on Facebook's IPO schedule this week, co-founder Eduardo Saverin renounces citizenship to avoid paying taxes on the profits.

Wisconsin Governor Scott Walker is the GOPs favorite governor for two reasons.

1) He's taken on public sector unions/workers/pensions.

2) He's hated by public sector unions/workers, which means he gets brownie points for being disliked by the right people.

It's just too bad that from an economic standpoint, he's not a good governor.

Menzie Chinn at Econbrowser takes a look at his record on private sector job creation, and it turns out that not only is he well behind his own goals, he's just generally bad at it.

Phoenix, AZ—The Doomsday people are saying that we are about to have a Constitutional crisis and a showdown with the Obama Administration and the turncoats within Homeland Security. Are they really just paranoid and over-reacting?

The frightening signs are there. We have a President that has nullified the Bill of Rights and now has all the powers of Stalin or Hitler should he care to use them. This nation has never been more divided in any of our lifetimes. When was there ever a leader that did not abuse absolute power?
The plan:
Stockpiling non-perishable food, water, batteries, family service radios, medicines, first aid supplies, ammunition and firearms must be part of any plan. Also locating significant defensive armaments in unexpected locations to safeguard from home invasion searches.

Michael Snyder, Contributor
Activist Post

Why does the state of California seem to be so incredibly hopeless? These days California can't seem to do anything right, and if you live in California things just got a whole lot worse.

Governor Brown has announced that the state budget deficit for this year is going to be much larger than projected, that more government services are going to be cut, and that voters are going to vote on another round of tax increases in November. Meanwhile, unemployment is sitting at 11 percent and extended federal unemployment benefits for workers in the state are ending...

In terms of economic practice, this meant promoting the interests of successful businessmen while destroying trade unions and other organizations of the working class. Historian Gaetano Salvemini argued in 1936 that fascism makes taxpayers responsible to private enterprise, because "the State pays for the blunders of private enterprise... Profit is private and individual. Loss is public and social." Fascist governments encouraged the pursuit of private profit and offered many benefits to large businesses, but they demanded in return that all economic activity should serve the national interest.

Mass demonstrations in support of 2500 Palestinian hunger strikers swept through the West Bank this weekend.

Marchers moved through the streets of Hebron, Kafr Qaddoum, Nablus, Nabi Saleh, Ni’lin, Ramallah, al-Walaja and outside of Ofer prison. The picture above was taken in Hebron.

It shows an Israeli soldier with his knee firmly planted on a young Palestinian’s neck.

The picture also shows how American tax dollars and church pensions are at work on this Mothers Day weekend, a commercially-driven event in which American teenagers and their families annually honor mothers with gifts and family meals.

California deficit grows to $16 billion, Gov. Jerry Brown says

SACRAMENTO — California's projected budget deficit has ballooned to $16 billion, much larger than the $9.2 billion estimated in January, Gov. Jerry Brown said, and he warned of more painful spending cuts.

"We will have to go much further, and make cuts far greater, than I asked for at the beginning of the year," Brown said in a video posted Saturday on YouTube. He plans to detail his revised spending plan in the Capitol on Monday.

(*cuts k-uh-ts: a willingness to stop funding and providing services for citizens in his state , rather then working in the pursuit of reversing tax cuts for the wealthy , in a state where a majority of recipients of the Bush tax cuts dwell . )

Income taxes, you and the IRS

http://www.toolsforjustice.com/

This week the German Bundesbank waved the white flag. The die is cast. For good or ill, Europe has embarked on a program that will require multiple trillions of euros of freshly minted money in order to maintain the eurozone. But the alternative, European leaders agree, is even worse. Today we will look at the recent German shift in policy, why it was so predictable, and what it means. This is a Ponzi scheme that makes Madoff look like a small-time street hustler. There is a lot to cover.

Gerald Celente at his most sarcastic!

What is the IMF?

The International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC

The IMF now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries. These countries have to follow the IMF's policies to get loans, international assistance, and even debt relief. Thus, the IMF decides how much debtor countries can spend on education, health care, and environmental protection. The IMF is one of the most powerful institutions on Earth -- yet few know how it works.

And there was about 50 Greek people here and there was a fascinating noise. And they kept going back to a very interesting point – we are in Third World War and it’s an economic war and the weapon is debt.

If you look at Iceland – now they are something that is quite inspiring in a sense that they absolutely ignored what they have been told to do. They didn’t go for being bailed out in any way. In fact at the moment they are crowdsourcing their constitution themselves. They dispense with all the leaders they believe to be corrupt and they were banging their saucepans just like in Argentina until they have a leader they believed in. And they are going much further. They are now actually chasing and wanting to bring to court those bankers that brought the country to debt in the first place. So they are taking control themselves and they are doing right.

Welcome to the NWO peasants!

Top EU officials have decreed Greece should leave the eurozone if unable to stick to the austerity measures imposed by European creditors. The political crisis in Athens is making this scenario not altogether impossible.On Thursday the head of Greece's second-placed Radical Left Coalition addressed the EU’s top officials, calling on them to re-examine the strict austerity program Greece is going through. The letter was addressed to EU President Herman Van Rompuy, European Commission President Jose Manuel Barroso and European Central Bank chief Mario Draghi.

In his letter Alexis Tsipras wrote that the election on May 6 had exposed a strong anti-austerity mood among the Greek population. As a result, the new Greek parliament proved unable to form a working government. All this has stripped Greece's bailout commitments of “political legitimacy.”

Tony Cartalucci, Contributor
Activist Post

Across the dominion of the corporate-financiers on Wall Street and in the city of London, the reckless Ponzi schemes destroying the West's economy and plunging it into an economic depression have left politicians, the bought-and-paid-for servants of corporate-financier hegemony, wringing the public dry to cover losses. In reality, when an enterprise fails because of criminality, incompetence or both, citizens should not be forced to pass the hat around to "bail them out."

They are declared bankrupt, their assets (if they have any) are stripped, often if fraud is involved, executives and board members go to jail, and society attempts to fill the void with sounder enterprises run by more reputable people...

But beyond those particular worries, and perhaps more important than any of them, is the sense that from here on, anything goes. The politicians will do whatever they find expedient, because there is no longer anything to stop them — not an electorate that is jealous of its freedoms and certainly not the Constitution, which is now just a playhouse for judicial imagineering. No one can know what’s coming next from the government and the financial system it has fostered, but for many of us there is an awful suspicion that we are not going to like it.

Tony Cartalucci, Contributor
Activist Post

The Organisation for Economic Co-operation and Development (OECD), a 50-year-old network constituting what is often known as the "West," has been the premier promoter of expanding corporate-financier hegemony across the planet.

Done under the guise of "progressive" initiatives, claiming to "promote policies that will improve the economic and social well-being of people around the world," it is demonstratively run by the most explicit examples of institutions and individuals impeding such lofty goals.

WASHINGTON (AP) - The ailing U.S. Postal Service is reporting quarterly losses of $3.2 billion, brought on by declining mail volume and mounting costs for future retiree health benefits.

From January to March, losses were $1 billion more than during the same period in 2010.

Postmaster General Patrick Donahoe says the mail agency is incurring significant losses because Congress has failed to pass legislation allowing it to eliminate Saturday mail delivery and reduce health and other labor costs.

MP Nigel Farage warns a rebellion is underway and like communism the EU is now one large economic prison besieged by bankers and sinking like the Titanic.

In this short video clip EU MP Nigel Farage gives a striking warning a rebellion has already began in Europe and delivers a riveting speech about the gloomy future of the European continent that has been besieged by bankers.

For the first time since last July, right before the market's grand plan collapse, the Dow has fallen for 6 days in a row with a massive sell off this morning.

Europe elections make Bush tax-cut extension more likely, analyst says

The wave of European incumbent politicians losing due to austerity has made it more likely that the Bush tax cuts will be extended at year end, one analyst says.

(*BUT if every european incumbent got back in , that would make it more likely the Bush tax cuts will be extended at year end . Or ,if Israel wiped europe off the face of the map it would make it more likely the Bush tax cuts will be extended at year's end .)

Huh!

SPARTANBURG, S.C. — For the second time in a year, a motorist has been ticketed in South Carolina for displaying a replica of testicles on a vehicle.
Last July, a Berkeley County woman was ticketed for having a similar display on the back of her truck.

With unemployment in Europe at its highest level since the creation of the single currency, resentment has been growing over whether strict budgetary discipline is the best way to brace a spiral of debt.

Street protests have been seen across Italy, Spain and Portugal as people reacted to spending cuts that have slowed economies across Europe.
Savings have been wiped out and in Spain, a real estate crash has helped swell unemployment to 25 per cent of the workforce.
Anti-austerity momentum came to a head on Sunday night, when voters in France and Greece spectacularly ousted governments seen as towing the fiscal discipline line too strictly.

In another sign of fear of a financial economic collapse asset managers are pouring money into US Treasuries even though the investment is GUARANTEED to lose value.

Note: The Fed’s strategy to force people out of the safety of investing US treasuries or saving cash and into the rigged stock markets has been to make it so investing in Treasuries will actually lose money due to inflation yet investors are still investing trillions even though their will be a negative return on their investment.

Visling through der graveyard?

Chancellor Angela Merkel, speaking in Berlin on Monday, rejected the notion that Europe was on the brink of a major policy shift after Socialist Francois Hollande defeated her fellow conservative Nicolas Sarkozy and Greek voters punished ruling parties who slashed spending to secure a foreign bailout.

The newly elected president of France is destined to clash with the US and wants to end the era of the US dollar rule of global markets.

Asian and Australian markets crash nearly 3% while US stock futures are indicating a massive sell-off at Monday’s opening following the results of the elections in France and Greece.

Greece was plunged into political uncertainty on Sunday night as national elections produced a fragmented Parliament of at least seven parties and a result that could preclude New Democracy and PASOK forming a coalition government over the next few days.

SYRIZA leader Alexis Tsipras, who at 38 led his party to its best election showing, ruled out the option of working with either New Democracy or PASOK and said he would try to form a coalition of parties opposed to the EU-IMF memorandum, starting with those on the left.

Tsipras said in a speech from his headquarters that the austerity policies of German Chancellor Angela Merkel “have suffered a crushing defeat.” He said he would appeal to the “forces of the left” in a bid to form a coalition to “abolish the memorandum.” “Their signatures have been undermined by the popular mandate,” he said, referring to the leaders of the outgoing coalition government.

Did you honestly think the Ron Paul revolution would be televised? Here’s a check on reality as to who is really the #1 presidential nominee for 2012.

Whilst the supposed front runner Romney barely gets over 100 people to a rally, Gingrich and Santorum after talking to empty rooms of 30 people, one man has been pulling in the masses.

Action is what is called for, and long overdue. No more words or stories but action!

America's unconditional support for Zionist Israel has cost them trillions of dollars and the blood and lives of their servicemen. It has diminished their moral standing in the world and lessened their domestic freedoms.

Occupy Wall Street's Act II
by Stephen Lendman

Grassroots activism takes time to grow. Broad-based participation is vital. Issues must be clearly defined. Leadership is needed. Major obstacles must be overcome.

Avoiding being co-opted, diverted, divided, and/or subverted are key. So is staying the course because major struggles aren't won short-term. Achieving social justice is the mother of them all, especially in today's environment.

What began last September waned during winter cold.Perhaps May Day protests began Act II. Only the fullness of time will tell.

The first exit polls from today's big Greek election are out...

The Conservative New Democracy party look to have secured the largest vote (17 - 20%), but crucially it does not look ND and the center-left allies PASOK have more than 50% of the vote, meaning that the two parties that support austerity do not hold a majority.

Anti-austerity left-coalition Syriza (15.5 - 18.5%) seem to have the second largest share of the votes.

Ron Paul’s mega crowds… no Media coverage!

by Jacque Fresco

Did you honestly think the Ron Paul revolution would be televised? Here’s a check on reality as to who is really the #1 presidential nominee for 2012.

Whilst the supposed front runner Romney barely gets over 100 people to a rally, Gingrich and Santorum after talking to empty rooms of 30 people, one man has been pulling in the masses. That man is Ron Paul. Ron Paul is the only one in polls who can and would beat Obama, the NWO puppet.

“Freedom is popular” – Ron Paul

His message of individual liberty and freedom to all is growing a worldwide following.
People are taking heed to the liberty movement as Ron Paul and others expose the criminality of our governments and institutions that have enslaved us for so long.

He has the #1 support from not only the troops who no longer wish to be at war, he also has the support of the youth. The intellectual revolution has begun…

Ron Paul Rallies Feb-Apr 2012:

New York will receive $352 million less in tax revenue than Mayor Michael Bloomberg anticipated in his $68.7 billion preliminary budget for fiscal 2013, mostly because of lower revenue from Wall Street

(* I find that hard to believe after all the swindling they've done over the past fiscal year . With all due respect , I think you should call for an audit , Mr. Mayor . )

ARCATA – The pot market is crashing in California's legendary Emerald Triangle.

The closure of hundreds of marijuana dispensaries across California and a federal crackdown on licensing programs for medical pot cultivation are leaving growers in the North Coast redwoods with harvested stashes many can't sell.

Be Worried, Be Very Worried is not a typical title for a Wall Street research report, so you have to take note when that's what UBS is saying about tomorrow's Greek election.

Now to understand the stakes of the Greek election, you basically have to understand one thing: There's been a big austerity/reform/bailout package agreed to, but full implementation is a long way off.There's still a big risk, if Greece doesn't implement reforms fast that the IMF will walk away, and refuse to disburse more aide.
If funding doesn't happen, Greece would run out of cash. Expect social turmoil.
If that happens, you may see Greece introduce its own "quasi-money" -- IOUs of some sort.
And a Greek exit can't be totally discounted.

Today IRmep Director Grant F. Smith confronted US Attorney Ron Machen on NPR affiliate WAMU in Washington, DC. At issue were Machen’s statements that the FBI had prevented Stewart J. Nozette from passing US military secrets to Israel.

by Grant F. Smith

“Justice Dept Bungled Israeli Spy Case”

On May 4, 2012 IRmep Director Grant F. Smith confronts US Attorney Ronald Machen about false statements made after Stewart Nozette attempted to sell $200 million-$1 billion in secrets to Israel Aerospace Industries, an organization with a history of espionage against the US.

OMG.... KingCast & Mortgage Movies present: Robo-signing: Fein Such Kahn name partner Henry Fein lied about his identity while hiding from camera.

How can anyone trust Henry Fein's ethics when you have a name partner at a major foreclosure mill using fake documents by Bethany Hood and Lender Processing Services and lying about his identity? Truly unbelievable. Here is your back story.
http://mortgagemovies.blogspot.com/2011/12/robosigner-bethany-hood-and...

The man who bankrolled California's closest shot yet at fully legalizing marijuana, Prop. 19, saw his Oaksterdam University cannabis college in Oakland raided by federal authorities yesterday.
And pot advocates are fuming.

The Drug Policy Alliance suggests the raid by the U.S. Drug Enforcement Administration and Internal Revenue Service might have served one possible goal:
"Payback" for the 2010 legalization effort that failed but made a good try of it. The ballot effort was backed by Richard Lee, the millionaire owner of Oaksterdam.

Currently going for the modest price of $1,550 with 6 more days left in the auction, today's hottest Ebay special is the sale of the country of Greece.

Eric Blair
Activist Post

CBS is reporting that Senate Bill 1813 that would "suspend passport rights for delinquent taxpayers" passed the Senate 74-22 on March 14th.

A bill authored by a Southland lawmaker that could potentially allow the federal government to prevent any Americans who owe back taxes from traveling outside the U.S. is one step closer to becoming law.

...The 'Moving Ahead for Progress in the 21st Century Act' or 'MAP-21' includes a provision that would allow for the 'revocation or denial' of a passport for anyone with 'certain unpaid taxes' or 'tax delinquencies'.

Went to see Ron Paul last night. Great speech. Sat about 10 feet away. Larry Mitchell. Chico ER writer does a good job. Crowd estimate was accurate. Largest crowd I every saw in Chico.

Mitt Romney Declines To Enroll In Medicare So He Can Destroy It

Monday was Mitt Romney's 65th birthday. Happy birthday, Mittens. In honor of his 65th birthday he announced that he would not be enrolling in Social Security or Medicare. How noble. Except, it's not.

In deference to the conservative dogs nipping his heels, Romney has endorsed the Paul Ryan Medicare plan which would voucherize Medicare and leave senior citizens floundering on their own with private insurance companies. Of course, if you asked Mitt Romney about it, what you'd get is a bunch of lies. Really awful, cynical, blatant lies.