Rebel News - Independent News and Analysis

As of 7/26/2010 our National debt is 13,261,223,866,406.98 so to put this in to perspective a couple of people and I decided that we would follow the money, this proved to be a brick wall task, true there is public notices of budgets but everything is agency specific without real numbers representing where our money is being spent. You can view these statements at the US Treasury IRS and even the office that is supposed to hold accountability of Government spending I had attempted to contact Michael Brostek,. (202)512-4800 U.S. Government Accountability Office . a message had been left requesting a balance sheet showing were the tax payers money has been spent, the has been no return call from MR. Brosteck.

There has been a lot of back and forth recently about whether or not WN is at the stage where we could/should increase the amount of boots-on-the-ground activism right now or if we still need to hone in on the mysterious “It” that will give us that revolutionary advantage before we can really begin to see turnout and participation. Well, this post is not going to be about that, rather it is about something overlooked in that debate that can help us right now and in the future with recruiting potential followers.

Credit conditions are improving for speculators and bubblemakers, but they continue to worsen for households, consumers and small businesses. An article in the Wall Street Journal confirms that the Fed's efforts to revive the so-called shadow banking system is showing signs of progress. Financial intermediaries have been taking advantage of low rates and easy terms to fund corporate bonds, stocks and mortgage-backed securities. Thus, the reflating of high-risk financial assets has resumed, thanks to the Fed's crisis-engendering monetary policy and extraordinary rescue operations.

Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

“Our numbers are always very accurate, so I was surprised at the discrepancy with the government’s numbers,” says Mayur, whose firm owns the TIPP polling unit, a polling partner for Investors’ Business Daily and Christian Science Monitor. After all, the headline number shows the U.S. unemployment rate today is 9.5%, with a total of 14.6 million jobless people.

Change has arrived. But it is not the sort of change imagined by the fawning mobs of 2008 at Obama’s campaign rallies. Obama and Congress have pulled a three-card Monte on the American people. It’s called “financial regulatory reform” and it hands unprecedented power over to the Federal Reserve.

“This historic reform creates the strongest protections for consumers in history and the toughest financial regulations since the Great Depression,” declares a triumphant White House.

All along we've been calling the financial 'reform' bill the "Fed Empowerment Act."  Finally, it seems the mainstream media agrees.  As the culprit for the current financial crisis, the added powers and responsibilities given to the Fed sets them up as an even more blatantly obvious culprit, as the crisis worsens, but does next to nothing to avert it.

If the handwringing in the below is true, it means stories like that of Tracy Hedgepath and Austen Minter will soon be over. It means we’ll have a serious economy again, with local production overseen by local people. A girl like Tracy Hedgepath will be part of a community that likewise oversees her, and a disgusting animal like Austen Minter will not be allowed anywhere near white girls.

Back in the 1990’s I worked in NYC for 6 months and had a few passing acquaintances with Wall Street types, the guys who whore blue shirts with white collars. I told them my theory about their blue shirts with white collars is that those are gang colors that mean “white collar” crime. After all, a blue shirt with a white collar emphasizes the “white collar” of the shirt, right?

Alex starts off the show with a strong message and a reminder of who is causing all of these global depressions and what they stand to gain if they succeed.

The Obama-Dodd-Frank financial regulation bill, a miserable excuse for real Wall Street reform, is now about to gain final approval in the Senate. This wretched bill is now supported by the New England liberal (meaning Wall Street) Republican clique including Olympia Snow, Susan Collins, and Scott Brown, who are joined by the notoriously corrupt reactionary Democrat, Ben Nelson of Nebraska. This bill will create a multitude of new regulations and a number of large new bureaucracies, but it is utterly devoid of any bright-line prohibitions against the causes of the financial panic which struck the United States in 2008, and which continues to the present day in the form of a world economic depression.

Max Keiser joins us to talk about Karmabanque, a way to use the leverage of the hedge funds to turn Wall Street against the multinationals. We discuss the Coke boycott and the power of strategic activism. www.maxkeiser.com