Iceland refuses deal to repay UK Landsbanki deposits

Iceland refuses deal to repay UK Landsbanki deposits - Telegraph

"Iceland's president has refused to sign a $5bn (£3.1bn) deal to repay the UK and Netherlands for deposits lost when Landsbanki failed."

Iceland should tell the U.K. and Netherlands to go fuck themselves.  Do your due diligence on the bank before you deposit your money in it.  I'm not paying for your stupidity.

Iceland's Voters Get Final Say on Repaying British, Dutch Depositor Debt

Iceland's Voters Get Final Say on Repaying British, Dutch Depositor Debt - Bloomberg

"Iceland’s President Olafur R. Grimsson will give his country’s voters the final say on repaying about $5 billion in debts owed to the U.K. and the Netherlands to cover depositor claims."

Do you really still think the snap-bailout of the U.S. banking system was necessary?

Belgians celebrate 249 days without government

Belgians celebrate 249 days without government - World - CBC News

"Belgians are marking 249 days without a government Thursday — a figure that they are treating as a world record.

Day to day the crisis pits the leaders of six million Dutch-speaking Flemings against those of 4.5 million French speakers, but people from across the country are putting aside their differences to celebrate the occasion."

Holy shit! There must be ANARCHY without GOVERNMENT!!!! Oh, there isn't? Everything is just fine? Hmmmm.....

DEA to legalize marijuana chemical for Big Pharma but keep it a crime for everyone else

DEA to legalize marijuana chemical for Big Pharma but keep it a crime for everyone else

"Have no illusions about the true nature of the so-called "War on Drugs" and the actions of the DEA. The War on Drugs has always been about protecting the profits of the drug companies which have a long and well-documented history of copying street drugs, repackaging them as "medications" and selling them to children as FDA-approved drugs (see below)."

Banks just too big to fail? Iceland shows otherwise

Banks just too big to fail? Iceland shows otherwise - Economy - NZ Herald News

"Decision to let banks go under looks smarter by the day, in contrast to Ireland's costly bailout, reports Yalman Onaran."

Remember how all of you fell for, "the system will collapse"?  Are you SURE about that?

Houston Police Caught on Tape Beating People Condemn The Practice of Videotaping Police

Police are trying to make videotaping them illegal. I can see why.

CIA Chief Shoots Tow Pakistan Citizens

Raymond Davis 'was acting head of CIA in Pakistan' - Telegraph

"A US intelligence agent arrested after shooting dead two men was the acting head of the CIA in Pakistan and had been gathering intelligence for drone attacks, according to intelligence sources."

"A Banking Banana Republic": Wall Street's Record $130 Billion Bonus, FCIC Report - Michael Lewis & Dylan Ratigan

2007: Barack Obama promised to "walk on that picket line" if workers are denied the right to collectively bargain

"And understand this: If American workers are being denied their right to organize and collectively bargain when I’m in the White House, I will put on a comfortable pair of shoes myself, I’ll will walk on that picket line with you as President of the United States of America.
Because workers deserve to know that somebody is standing in their corner." - Senator Obama 2007

"If I Tell You To Do It, It's Not Illegal Anymore" General That Order Psy-Ops On U.S. Senators

Military Uses Psy-Ops Division on Visiting Senators in Afghanistan

Harry Reid on the Fed (1996): "We have to peel back this cloak that they've covered themselves with since 1913."

Harry Reid in 1995-1996 - I think we should audit the Federal Reserve!

Mishkin Shows How Academia Has Corrupted the Government's Economic Consulting Role

The Sunset of the State

Pirates and Emperors - Schoolhouse Rock

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

Simon Johnson With Eliot Spitzer: "Banks are now LARGER and more risky to economy than before bailout."

While I disagree with regulation talk, the scale argument is important to understand.

Author of "The Big Short," Michael Lewis On Ireland: Do What Iceland Did, Let The Banks Fail

The Greatest Speech Of Ronald Reagan's Career: "There Is No Such Thing As Left Or Right" (Video 1964)

SNL Presidential Mockery: Hu Jintao Asks Obama "Why You Not Kiss Me Before You Do Sex To Me" (MUST SEE)

Watch Jon Stewart Expose Bernanke's Lies From 60 Minutes: The Big Bank Theory

The Daily Show
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Matt Taibbi's Latest For Rolling Stone: Florida's Foreclosure Rocket Docket Expedites MASSIVE Bank Fraud

Invasion of the Home Snatchers | Rolling Stone Politics

"The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This "rocket docket," as it is called in town, is presided over by retired judges who seem to have no clue about the insanely complex financial instruments they are ruling on — securitized mortgages and laby­rinthine derivative deals of a type that didn't even exist when most of them were active members of the bench. Their stated mission isn't to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history..."

MUST SEE BUST: Mortgage Bankers Association 'Strategic Default' Exposed By Jon Stewart (Daily Show Video)

The Daily Show
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In His Final Address to the Nation, Eisenhower Warns Us of the Military Industrial Complex

Fed Passes China in Treasury Holdings

CHART: Fed Surpasses China In U.S. Treasury Holdings - Home - The Daily Bail

"The Federal Reserve has surpassed China as the leading holder of US Treasury securities even though it has yet to reach the halfway mark in its latest round of quantitative easing, according to official figures."

Wait a minute...Where did the Fed get the money to buy Treasuries? THEY PRINTED IT! It's like sending money you made on your HP Laserjet to your mortgage company, then saying, "Look! I'm paying off my debts!"

Madeleine Albright Says 500,000 Dead Iraqi Children Was "Worth It"

Iceland Actually Prosecuting Bank Fraud...Unlike Crony-Capitalist America

Over 100 under investigation in Iceland bank crash probe | IceNews - Daily News

"Iceland’s Special Prosecutor into the banking crisis says that well over a hundred people are being investigated by his office.

Olafur Thor Hauksson told Frettatiminn that well over a hundred people are legally classified as suspects in his team’s investigations into the causes of the Icelandic banking crisis — adding that the number is set to increase quickly in the near future."

Iceland's dealings with their banking crisis continues to make the U.S. look like a corrupt fascist state.

Rich Take From Poor as U.S. Subsidy Law Funds Luxury Hotels

IT NEVER ENDS: Goldman Sachs, J.P. Morgan & Prudential Steal From The Poor To Earn Subsidies On Luxury Hotels - Home - The Daily Bail

"The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Inside the Beaux Arts structure, built in 1910, buffed marble staircases greet guests spending up to $699 a night for rooms with views of Lake Michigan.

What’s surprising isn’t the opulent makeover: It’s how the project was financed. The work was subsidized by a federal development program intended to help poor communities."

LIBERALS, PAY ATTENTION!  When you push power upward, you ASSUME it will be used to help the poor.  IT DOESN'T!  The powerful use power to get what they want.  How many more examples do you need?

Former Fox News employee: ‘Stuff is just made up’

Activist Post: Former Fox News employee: ‘Stuff is just made up’

"A former employee of Fox News called the company a "propaganda outfit" that is determined to undermine the Obama administration and Democrats.

"I don't think people would believe it’s as concocted as it is; that stuff is just made up," the employee, whose name was kept anonymous, told the liberal media watchdog group Media Matters."

Ron Paul to U.S. Government: Stop Propping Up Dictators

LEHMAN ACCOUNTING FRAUD: Attention Prosecutors: Watch This Video About Lehman, Geithner, Fuld & The New York Federal Reserve

Visit msnbc.com for breaking news, world news, and news about the economy

The American Dream

CIA Officials Involved in Abuse and Wrongful Detention Rarely Reprimanded, Sometimes Promoted

Activist Post: CIA Officials Involved in Abuse and Wrongful Detention Rarely Reprimanded, Sometimes Promoted

"CIA officers who were involved in cases of wrongful imprisonment, mistreatment and even detainee deaths have often avoided serious punishment and in many cases been promoted within the agency [1], an investigation by the Associated Press has found."

Obama Justice Department assertion: FBI can get phone records without oversight

Justice Department assertion: FBI can get phone records without oversight - Politics Wires - MiamiHerald.com

"The Obama administration's Justice Department has asserted that the FBI can obtain telephone records of international calls made from the U.S. without any formal legal process or court oversight, according to a document obtained by McClatchy Newspapers."

"Liberal" Obama protecting our civil rights, right?

Moody’s rates Irish banks as ‘junk’

Moody’s rates Irish banks as ‘junk’ | Irish News | IrishCentral

"The credit ratings agency Moody's yesterday cut its rating of four Irish banks to junk status, citing its concerns over the imminence of new funding which was due at the end of February."

Meanwhile, Iceland didn't bailout their banks, didn't burden their children with debt...and guess what?  Their banking system is functioning quite well, thank you very much.  What a surprise!  People still wanted to save, borrow, and lend.  Whoa!  What a shock!

Hank Paulson: "We had no choice but to fly by the seat of our pants, making it up as we went along"

OK folks, this is VERY important to understand...Mr. Paulson is admitting that he was just guessing. Trillions of dollars on GUESSING. Stealing from other generations for GUESSING. Bailing out corrupt banksters because of a GUESS. But wait, when he and Geithner went in front of Congress asking for money, they assured us the SYSTEM WAS GOING TO COLLAPSE. They didn't equivocate. They didn't tell us they were unsure. They said most assuredly they had not doubt THE SYSTEM WAS GOING TO COLLAPSE.
Here's the important part...Hank Paulson is not a FORTUNE TELLER. I know this is a shock to you, because you seem to stubbornly retain this idiotic belief that those you've put in charge of manipulating the financial system can predict the future. THEY CAN'T! GET IT THROUGH YOUR SKULL!

John Bolton: Egyptian Democracy May be Bad News

John Bolton: Egyptian Democracy May be Bad News - Political Hotsheet - CBS News

"Former U.S. ambassador John Bolton said in a speech at the Conservative Political Action Conference Saturday that Americans should be wary of the fall of Egyptian President Hosni Mubarak, arguing that it could lead to the country falling in the hands of anti-American Muslim extremists."

This guy was the ambassador to the UN, lecturing other countries that had a problem with the Iraq war, telling them we were "spreading democracy."  Don't believe them, they are NOT interested in democracy...as he admits.

Dr. James Galbraith Tells Ron Paul In Congressional Hearing "Get Rid Of The Federal Reserve"

How Big is the U.S. Debt?