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Obama priorities: Skips paying soldier death benefits while set to pay Treasury bond holders

If there was a true title to place on Barack Obama's Presidency, it would be more than anything, the payment priority President.  When Obama back in 2010 unconstitutionally nationalized General Motors, he bypassed court authority and subjectively prioritized who would get paid first and how much they would receive.  In this radical move of confiscation, proceeds from the reorganization went first to unions, ...

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Jim Willie: President met with Wall Street because the Treasury Bond bubble broke

Last week, President Obama called for a meeting with 15 of the top CEO's in the banking industry to discuss financial ramifications that could occur due to the government shutdown, and debt ceiling crisis looming on the horizon.  And while the official announcement to the public focused on the budget and inability of Congress to pass a continuing resolution to fund the government, behind the scenes, somethi ...

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Obama meets with banksters for guidance while telling Congress he won’t negotiate

As the pressures mount on day 3 of the government shutdown, President Obama is proving which masters he truly works for, and on the flip side, which agencies he refuses to answer to.  Just 2 days after going on air to tell the American people that he is willing to call in Congressional leadership to hammer out a solution, the President backtracked after meeting with the heads of Will Street, and is now stat ...

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Ron Paul: A short-term government shutdown will not cause country to collapse

On Sept. 30, former Congressman Ron Paul spoke on the coming government shutdown, and how Obamacare, debt, and the continuous growth of the military industrial complex are leading America into an inevitable collapse should these programs not be reined in.  In fact, Paul was so adamant that keeping the status quo is far worse than any alternative, the instituting of a government shutdown just might be benefi ...

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Abuse from IRS in Obamacare slush fund costs millions to taxpayers

It did not take long, but the first financial abuses in Obamacare are being reported on Sept. 25 in a new investigation conducted by the Treasury Inspector General for Tax Administration.  In the report, a healthcare slush fund controlled by the Internal Revenue Service (IRS) is missing $67 million that the agency is unable to account for, and is a disturbing start to the multi-billion dollar program that h ...

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Treasury Secretary Lew attempts to intimidate Congress over debt ceiling

President Obama picked a good company man when he appointed Jack Lew to replace Timothy Geithner as the newest Secretary of the Treasury.  And like the former head of America's purse strings did during his time in office, Lew is choosing to use intimidation and threats over negotiation and fiscal planning in regards to the upcoming debt ceiling crisis. Treasury now estimates that extraordinary measures will ...

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With Larry Summers dropping out, front runner to lead the Fed has history of missing economic crises

The financial world was hit with a bombshell on Sept. 15, when the surefire front runner to lead the Federal Reserve shockingly pulled out of the race to replace Ben Bernanke at the end of his term.  The candidate who had a 70% chance of becoming the next Fed Chairman was long time financial power broker Larry Summers, and the vacuum he leaves places as the new favorite, a central banker who admitted that s ...

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Forget Cyprus, Poland CONFISCATES PENSIONS TO PAY OFF BANKERS

First there was Cyprus, where the EU and the world became exposed to a new form of bank bailout called the 'bail in'.  Now, Poland has taken the next step when on Sept. 4 the government seized and confiscated half of the nations private pension funds, and collateralized them to help towards paying off their sovereign debts. Interestingly enough however, the primary function of this confiscation is not about ...

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Syrian hackers post message on Marine website one day after news of a military mutiny against Obama over Syria

It has not been a very good Labor Day weekend for President Obama over the growing fiasco in his Syrian foreign policy.  On Sept. 2, a Syrian cyber group hacked into the primary Marine website Marines.com, posting a propaganda piece which informed military personnel that siding with the rebels is siding with the terror group Al Qaeda, and that the Syrian military itself stands with their American 'brothers' ...

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Russian Minister calls President Obama a Bush clone after pushing U.S. into war with Syria

For both Senator Obama, and the liberal contingent who castigated former President George Bush over our wars in Afghanistan and Iraq, it is an interesting turn of events five years later when now President Obama has hypocritically ordered attacks into more countries than the man he spoke out against for such actions in while in Congress.  And the current President is now doing so with a zeal not seen since ...

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Had a bankruptcy last year? No Problem! FHA has a mortgage for you as Obama pushes to re-inflate housing bubble

As mortgage lenders around the country begin to suspend operations and layoff workers, the Federal Housing Administration (FHA) is ready to throw away financial sense and offer Americans a new loan program.  In an FHA Mortgagee Letter 2013-26 published this month, the largest mortgage backer in the country is offering loans to people who have gone just a full year since filing for bankruptcy with the intent ...

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Russia ‘DISAPPOINTED’ By Obama

  U.S. President Barack Obama's decision to cancel a planned meeting with Russian President Vladimir Putin is disappointing, but he is still welcome in¬†Russia, a top Kremlin foreign policy aide said on Wednesday. "We are disappointed by the U.S. administration's decision to cancel the visit of President Obama to Moscow planned in early September," Putin's foreign policy aide, Yuri Ushakov, told reporte ...

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