“Terrible Cuts” to Close Deficit Proposed By California Governor
By the beginning of 2010, Schwarzenegger and the lawmakers had closed a 60 billion deficit partly by slashing spending on schools, temporarily raising taxes and borrowing from local governments.
The …
Thought Of The Day
A Gecko appeared today traveling about the fireplace mantel in my office.
I have decided it is a sign of great good fortune.
~ Catherine Austin Fitts
To the Governors of Louisiana, Texas, Mississippi, Alabama and Florida
To the Governors of Louisiana, Texas, Mississippi, Alabama and Florida, their legislators and Attorneys General:
Please do not wait for BP and the federal government to protect your coast waters and …
Gulf Oil Spill
YouTube
How about using the hay idea (below from CWRoberts) and other low tech ideas to help? Time for enlisting the fisherman and farmers on the Gulf for Plan B? It worked for the British at Dunk…
CWRoberts Proposes Practical Spill Solutions (Good Ole Boy Permaculture!)
Continue reading CW Roberts Presentation
Related reading:
Two Wise American Farmers Are Right – Hay Should Begin To Move To The Gulf Immediately
14 May 10
Depaving Portland
Continue reading Depaving Portland
Related reading
Depaving Day!
StreetFilms
depave.org
DOJ Investigating Morgan Stanley re: Mortgage Deals
By Takahiko Hyuga and Finbarr Flynn
Morgan Stanley Chief Executive Officer James Gorman denied allegations the U.S. bank misled investors about mortgage derivatives it sold them.
The firm is being…
Morgan Stanley Whac-a-Mole
Last night minutes after midnight, the WSJ announces that federal prosecutors are investigating Morgan Stanley. Morgan Stanley’s new CEO Jamie Gorman was in Tokyo. According to Gorman, this was new ne…
Gold Price in Euros
View Larger Chart
Continue reading The Ultimate Rejection Of The Euro
Senate Approves Incomplete Audit of Fed
By Victorial McGrane and Michael R. Crittenden
The Senate adopted an amendment Tuesday to the financial-overhaul bill that would boost transparency of the Federal Reserve’s emergency lending actions …
David Cameron PM Statement
YouTube
Related reading:
David Cameron Enters No10 as Prime Minister
ITN (12 May 10)
General Election 2010: Timeline of The Day David Cameron Became Prime Minister
Telegraph.co.uk (12 May 10)
The Popsicle Index Rant
I have said it 1,000 times. I will keep saying it. At the root, it is very simple.
The Popsicle Index is the % of people who believe a child can leave their home, go to the closest place to buy a pop…
Social Irresponsibility Down
I just noticed that stocks high on my list of “least socially responsible” started dropping in April relative to general market levels.
Here is a stock chart comparing the S&P 500 over the last s…
Growing Number of Earthquakes
View larger chart at USGS Earthquakes website
View larger chart at USGS Earthquakes website
Establishment date for HAARP: 1983
40 Million Americans on Food Stamps
By Charles Abbott
Nearly 40 million Americans received food stamps — the latest in an ever-higher string of record enrollment that dates from December 2008 and the U.S. recession, according to a g…
Life Expectancy By Countries
.
Continue reading List of Countries By Life Expectancy
Wikipedia
UK FSA & FINRA Whack Goldman Stock Some More
Goldman Sachs Group, Inc. disclosed Monday that it has received notices of investigations from FINRA and from the United Kingdom Financial Services Authority regarding its subprime mortgage dealin…
UK FSA & FINRA Whack Goldman Stock Some More
Goldman Sachs Group, Inc. disclosed Monday that it has received notices of investigations from FINRA and from the United Kingdom Financial Services Authority regarding its subprime mortgage dealin…
Swine Flu: What Happened?
Swine flu kept the world in suspense for almost a year. A massive vaccination campaign was mounted to put a stop to the anticipated pandemic. But, as it turned out, it was a relatively harmless strain…
Moody’s Receives Wells Notice, SEC To Commence “Cease & Desist” Proceedings Against Rating Agency
By Tyler Durden
And now for today’s bombshell – literally at the very end of Moody’s 10-Q filed last night, we find this stunner:
On March 18, 2010, MIS received a “Wells Notice” from the Staff …
Moody's Receives Wells Notice, SEC To Commence "Cease & Desist" Proceedings Against Rating Agency
By Tyler Durden
And now for today’s bombshell – literally at the very end of Moody’s 10-Q filed last night, we find this stunner:
On March 18, 2010, MIS received a “Wells Notice” from the Staff …
Open Letter to EU Heads of State
Did you know that Greece alone has 14 times as much gold per capita as China? Do you realize that your “PIGS” actually have the same amount of gold per capita as the US claims to still have? (PIGS=25 …
U.S. Reverses Stance on Treaty to Regulate Arms Trade
The United States reversed policy on Wednesday and said it would back launching talks on a treaty to regulate arms sales as long as the talks operated by consensus, a stance critics said gave every na…
Quote du Jour
“We have not journeyed across the centuries, across the oceans, across the mountains, across the prairies, because we are made of sugar candy.”
~ Sir Winston Churchill
NY Post says Feds Probing JPMorgan in Silver Markets; How Come No Disclosure from SLV?
By Michael Gray
Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.
The probes are cente…
Lying to Cut Retirement Benefits
Continue reading U.S. Retirement Benefits To Be Cut?
Continue reading Campaign to Cut Entitlements Picking Up in U.S.
Did you notice they did not suggest finding out where the $4 trillion went…
Nashville Tennessee Flood 2010
Nashville Tennessee Flood 2010
YouTube (3 May 10)
Fannie Mae Again Asked Taxpayers For Money!
By Alan Zibel
Fannie Mae has again asked taxpayers for more money — this time $8.4 billion — after reporting another steep loss for the first quarter. The taxpayer bill for rescuing Fannie and it…
Money & Markets – Week of 5.9.10
EU Bullied into $1T Banking Bonanza
Euro Experiment
Money & Markets – Week of 5.9.10
EU Bullied into $1T Banking Bonanza
Euro Experiment
Precious Metals – Week of 5.9.10
Gold ETFs Try to Lure Indians Away From Metal And Into Paper
GATA (13 May 10)
The Worlds Biggest Gold Reserves
CNBC
First Gold, Now Europe Running Out Of Silver
Zero Hedge (12 May 10)
On CNBC, GLD …
Mortgage Markets – Week of 5.9.10
States: Let Taxpayers Cover Your Mortgage
CNN Money.com (12 May 10)
Taking Back Homes From The Banks
Information Clearing House (12 May 10)
Mortgage Holders Owing More Than Homes Are Worth Rise to 2…
Geopolitical – Week of 5.9.10
Obama Sends Bomb, Mars Experts to Fix BP Oil Spill
Bloomberg.com (14 May 10)
El Pais: France Threatened to Leave the Euro
The Atlantic (14 May 10)
CEOs From Far And Wide Band Against Financial Bill …
Food & Health – Week of 5.9.10
‘Hangover’ Molecule in Brain Found
Live Science (9 May 10)
Psychiatry Almost Drove Me Crazy
Awaken in The Dream
FDA Wants To Control Everything Your Family Eats
News With Views (8 May 10)
Food & Health – Week of 5.9.10
‘Hangover’ Molecule in Brain Found
Live Science (9 May 10)
Psychiatry Almost Drove Me Crazy
Awaken in The Dream
FDA Wants To Control Everything Your Family Eats
News With Views (8 May 10)
Life – Week of 5.9.10
New Jobless Claims Fall Less Than Expected, Continuing Claims Rise
All Headline News (13 May 10)
We Are The Ones We’ve Been Waiting For
Spirit of Maat (28 Oct 01)
Wal-Mart Plans $2B Push On Hunger R…
Technology – Week of 5.9.10
Jupiter Loses One Of Its Stripes And Scientists Are Stumped As To Why
Mail Online (12 May 10)
Volcanic Ash Disrupts Air Traffic in Europe Again
ATW (11 May 10)
Engineers Stymied On How To Stop Surgi…
Unemployed for Over 27 Weeks
Chart of the Day: No Green Shoots at All for the Long-Term Unemployed
We saw this coming long ago. Some wonderful people warned us and offered alternatives. Here is the proof.
Related Viewing:
Si…
Rep. Grayson: You Own the Red Roof Inn!
Continue reading YouTube Video
Spanking Buffett
Last weekend at the Berkshire Hathaway annual meeting, Goldman Sachs preferred stock investor Warren Buffet made a big deal about supporting Goldman Chairman and CEO Lloyd Blankfein under fire (…
Former CEO of Iceland’s Kaupthing in Custody
Former CEO of the Icelandic bank Kaupthing, Hreidar Már Sigurdsson, was given a 12-day custody sentence in Reykjavík District Court today at the request of the Special Prosecutor’s Office. Magn…
Did Goldman Just Get Fired by AIG (BTW, Is AIG Their E&O Insurer)?
By Louise Story and Eric Dash
As its legal troubles mount, Goldman Sachs is losing a big corporate client: the American International Group.
A.I.G., the insurance giant that planned to retain Gold…
Did Goldman Just Get Fired by AIG (BTW, Is AIG Their E&O Insurer)?
By Louise Story and Eric Dash
As its legal troubles mount, Goldman Sachs is losing a big corporate client: the American International Group.
A.I.G., the insurance giant that planned to retain Gold…
GS&Co-SEC Talk Settlement
By Susan Pulliam and Susanne Craig
Sides Remain Far Apart as Criminal Probe, Deal Structure Pose Hurdles; Shareholder Meeting Today
Goldman Sachs Group Inc. (NYSE: GS – News) lawyers met this week…
GS&Co-SEC Talk Settlement
By Susan Pulliam and Susanne Craig
Sides Remain Far Apart as Criminal Probe, Deal Structure Pose Hurdles; Shareholder Meeting Today
Goldman Sachs Group Inc. (NYSE: GS – News) lawyers met this week…
Quote du Jour
–
“Socialized medicine is the keystone in the arch of the socialized state.”
~ Vladimir Lenin
–
Thanks to Bill King of the King Report for pointi…
Wealth And Inequality In America
Inequality is worst around Wall Street and Oil Land
Continue reading 15 Mind-Blowing Facts About Wealth And Inequality In America
Homes Priced In Gold Down 75%
Today’s chart presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of go…
Quote du Jour
“You know, by the time you become the leader of a country, someone else makes all the decisions. You may find you can get away with virtual Presidents, virtual Prime Ministers, Virtual everything.”…
Dow Closes Down $347.80
“Heard of the lone assassin? Or the lone trader? Or the lone computer “glitch.” Get ready for the lone typo.”
–
~Catherine Austin Fitts
–
Continue reading Did CNBC’s Jim Cramer Help Save the Market…
Money & Markets Charts ~ 5.6.10
View this week’s chart comparisons of gold against fiat currencies, oil and the Dow. Stay tuned for our next Money & Markets segment of The Solari Report tonight, Thursday, May 6, 2010.
Click h…
Money & Markets Charts ~ 5.6.10
View this week’s chart comparisons of gold against fiat currencies, oil and the Dow. Stay tuned for our next Money & Markets segment of The Solari Report tonight, Thursday, May 6, 2010.
Click h…
“Sneak” Provisions Tacked Onto Wall Street Bill
The American public is becoming fed up with “sneak” provisions tacked onto largely unrelated bills that are likely to pass. A glaring recent example was tacking onto the Healthcare bill a comple…
Swiss Meeting to Debate Global Reform
Switzerland will host a forum of bankers and policymakers next month to discuss strengthening the global monetary system after the financial crisis, the Swiss central bank said on Tuesday.
The Swis…
Thumbing Down on Blankfein
The Wall Street Journal speculated today on the possibility that Blankfein will not make it as Chairman and CEO of Goldman Sachs. See “What-Ifs for Goldman Sachs: Behind Stiff Upper Lip, Some Execut…
John Williams and the Real Deal on U.S. Economic Data
Listen to the MP3 audio file
The Solari Report – 06 May 2010
Download the MP3 audio file
Audio
On this week’s Solari Report, I will be speaking with John Williams…
Building a New Investment Strategy Model, Comment #1
During recent Congressional testimony, the CEO of Goldman Sachs was asked about how the current charges against Goldman had altered their internal risk management. In essence, how could the situation …
Building a New Investment Strategy, Comment #2
In 2008, I posted on the blog a description I wrote in 2002 of the Solari model that I developed in 1997, after years and billions of dollars of prototyping described in the story, “Dillon Read & …
Quote du Jour
“Simple, clear purpose and principles give rise to complex and intelligent behavior. Complex rules and regulations give rise to simple and stupid behavior.”
~ Dee Hock
Special thanks to Larry Hoffen…
‘Long-term Harm’ Too Much TV For Toddlers
The study of 1,300 children by Michigan and Montreal universities found negative effects on older children rose with every hour of toddler TV.
Performance at school was worse, while consumption of ju…
'Long-term Harm' Too Much TV For Toddlers
The study of 1,300 children by Michigan and Montreal universities found negative effects on older children rose with every hour of toddler TV.
Performance at school was worse, while consumption of ju…
A Home in New Zealand
Some wonderful friends of mine are selling their estate in New Zealand, north of Auckland. If you are looking to get away from it all, this one may be for you!
Escape Back to New Zealand
I Voted Today
I voted today in the Democratic Primary for local offices in Hardeman County, Tennessee. (No, I am not a registered Democrat. Don’t need to be to vote in the primary here.)
This was an interesting …
The Solari Report Digest ~ New Podcast Available!
Solari has produced a new free podcast—The Solari Report Digest #11.
Listen to Solari Report Digest #11
The Solari Report Digest is a podcast featuring highlights from the live one-hour Sola…
Fed Asks Full Appeals Court to Review Bailout Disclosure Ruling
By David Glovin and Bob Van Voris
May 4 (Bloomberg) — The Federal Reserve Board asked an appeals court to reconsider a ruling requiring the agency to disclose documents identifying financial firms …
GLD & SLV: Disclosure in the Precious Metals Puzzle Palace
From the Preface:
“This article was inspired by a conversation in January 2010 with fellow directors of the Gold Anti-Trust Action Committee: Chairman Bill Murphy, Secretary/Treasurer Chris Powel…
GLD & SLV: Disclosure in the Precious Metals Puzzle Palace
From the Preface:
“This article was inspired by a conversation in January 2010 with fellow directors of the Gold Anti-Trust Action Committee: Chairman Bill Murphy, Secretary/Treasurer Chris Powell, …
Exchange Stabilization Fund
One of my favorite money laundering stories is told by Christopher Simpson, in his marvelous book Blowback, regarding one of the first Exchange Stabilization Fund slush fund operations after WWII. The…
Justice Probe of Goldman Goes Beyond Deals Cited by SEC
By Zachary A. Goldfarb and Jerry Markon
The Justice Department’s criminal investigation into Goldman Sachs goes beyond the financial transactions targeted by the Securities and Exchange Commission in…
U.S. Role in Mortgage Market Grows Even Larger
By Nick Timiraos
The U.S. government’s massive share of the nation’s mortgage market grew even larger during the first quarter.
Government-related entities backed 96.5% of all home loans during the …
2010 Gulf of Mexico Oil Spill
By Times-Picayune Staff
What’s going on beneath the sea? A graphic explanation of the fight to shut off the oil leak.t
Continue reading 2010 Gulf of Mexico Oil Spill
Related reading:
Huge Chambe…
The Big Alienation
By Peggy Noonan
We are at a remarkable moment. We have an open, 2,000-mile border to our south, and the entity with the power to enforce the law and impose safety and order will not do it. Wall Stre…
Fed And Clearing House File Second Appeal To “Pittman”
By Tyler Durden
After seeing its demands for secrecy rejected soundly twice, once in district court and once in appellate, the Fed is now appealing the “Pittman” decision yet again. As Bloomberg repo…
Fed And Clearing House File Second Appeal To "Pittman"
By Tyler Durden
After seeing its demands for secrecy rejected soundly twice, once in district court and once in appellate, the Fed is now appealing the “Pittman” decision yet again. As Bloomberg repo…
Action Alert – Codex Conference
This is a grave threat to the Non-GMO Tipping Point—We must push back now!
Please send this URGENT message to US Government leaders to protect your right to know which foods are made from genetic…
“From a Reader: Go to the Appeal Courts!”
Dear Catherine:
I have followed your work for many years and appreciate the service that you have performed in presenting the information and analysis. It has been helpful to be able to source you w…
"From a Reader: Go to the Appeal Courts!"
Dear Catherine:
I have followed your work for many years and appreciate the service that you have performed in presenting the information and analysis. It has been helpful to be able to source you w…
Autism360
Autism360 is a unique tool which provides an accurate report that captures the details of your child’s or your own individuality and offers treatment options that have worked for others with closely m…
Halliburton In Spotlight In Gulf Spill Probe
By Margot Roosevelt
Investigators look at the company’s role in cementing the deepwater drill hole in the Gulf of Mexico. Transocean and BP also face questioning.
Investigators delving into the …
More on Gulf Oil Spill
By Allen Breed and Seth Borenstein
BP’s chairman defended his company’s safety record and said Sunday that “a failed piece of equipment” was to blame for a massive oil spill along the Gulf Coast, w…
Greece Agrees to a Bailout Deal With EU and I.M.F.
By Dan Bilefsky and Landon Thomas Jr.
Athens — Greece announced on Sunday that it had reached agreement on a long-delayed financial rescue package that would require years of painful belt-tighten…
Halliburton and BP Shareholders Lose on Oil Spill
Continue reading: Stock Comparison – BP & S&P500
“Policing for Profit”
By John E. Kramer
Arlington, Va.—It’s called policing for profit and it’s happening all across America.
Police and prosecutors’ offices seize private property—often without ever charging…
Coconuts Go To Market on a 3-Wheeler
Continue reading Now That Really Is A Lovely Bunch Of Coconuts!
Money & Markets – Week of 5.2.10
Germany Backs Greek Aid as Merkel Urges EU Discipline
Bloomberg.com (7 May 10)
John Taylor: “Dead Man Walking…The Euro Is Finished”
Zero Hedge (6 May 10)
Congress Members Bet on Fall in Stocks
The…
Money & Markets – Week of 5.2.10
Germany Backs Greek Aid as Merkel Urges EU Discipline
Bloomberg.com (7 May 10)
John Taylor: “Dead Man Walking…The Euro Is Finished”
Zero Hedge (6 May 10)
Congress Members Bet on Fall in Stocks
The…
Precious Metals – Week of 5.2.10
CFTC Warns, GOLD/SILVER Spikes?
The Market Ticker (7 May 10)
YouTube Video
Continue reading Bill Clinton Praises the Gold Standard
LewRockwell.com (29 April 10)
Managing Market Volatility (Video)…
Mortgage Markets – Week of 5.2.10
Commercial Real Estate Pushes $7.4 Billion in FDIC Losses in One Day– Hard to Hear The CRE Collapse With Investment Banks Finally Being Called Out in The Court of Public Opinion. $3 Trillion CRE Ma…
Geopolitical – Week of 5.2.10
Were Russian Secrets Shared With ‘Space Alien’ Visitors?
TimesOnline (7 May 10)
Judge OKs Levinson Axelrod’s Suit Over Former Associate’s ‘Gripe Site’
Law.com (6 May 10)
Lawmakers’ Reaction to F…
Food & Health – Week of 5.2.10
YouTube Censors Video Interview With Jeffrey Smith About GMOs
Natural News (4 May 10)
Good News At Codex This Week
The National Health Federation
Genetically Modified Food
The New York Times (5 M…
Food & Health – Week of 5.2.10
YouTube Censors Video Interview With Jeffrey Smith About GMOs
Natural News (4 May 10)
Good News At Codex This Week
The National Health Federation
Genetically Modified Food
The New York Times (5 Ma…
Quote du Jour
Grab your lab coat, goggles, and dosimeter while we play the exciting new game “Runaway competing economic systems armed with nuclear, chemical and biological incentives…
~ George Ure, Urban Surviv…
Life – Week of 5.2.10
Kindness
Linette Crosby
Richmond Police Build Garden to Help Local Food Bank
nbc12.com (6 May 10)
The Danger of Disclosure
Unknown Country (6 May 10)
Does This Sound Like Your Neighborhood?
James E…
Technology – Week of 5.2.10
Leadfoots Beware: Future Speeding Tickets Will Come from Space
Yahoo Autos (May 2010)
Chile Earthquake Shifts The Earth’s Axis, Shortens The Days
Examiner.com (2 March 10)
‘Smart Dust’ Aims to Mon…
Early Strawberries
The strawberries are ripening in the beds behind my kitchen. They are delicious. The birds think so too!
“and the heaven gave rain, and the earth brought forth her fruit…”
– James 5:8
Bet Against the American Dream
From This American Life ~ WBEZ
PROLOGUE.
Ira talks about a friend who for years had a very trusted business partner and bookkeeper, until one day when he ran away with all of her money.
ACT ONE. EA…
Staying Home!
Continue reading YouTube Video
The storms rolled through flooding parts of Tennessee this weekend. I was planning on driving to Nashville to join friends at the Nashville Symphony. Instead, I staye…
Pricing Goldman Allegations
On April 15th, Goldman Sachs common equity closed at $184. On April 16th, after the SEC announced that it was bringing a civil complaint against the firm, Goldman stock closed down 13% at $160. That…
Genome Personalized Medicine Sequencing
By Emily Singer
The select few who have had their genomes sequenced learn to use that information for health care.
Several months after deciphering his genetic code last year, Stanford bioengineer…
Million’s May Lose Jobless Benefits
By Brian Faler
Since the U.S. recession began in December 2007, Congress has extended the length of unemployment benefits for the jobless three times. Now, the lawmakers may have reached their limi…