Interesting story behind how the Koch Brothers accumulated their wealth. It was from the helping hand of Josef Stalin. … Dance with the Devil The good news in 1929 for young MIT chemical engineer Fred Koch was that he had successfully developed a superior oil refinement process with a business partner. The bad … Read more
The early 1980s recession was a severe recession in the United States which began in July 1981 and ended in November 1982.The primary cause of the recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation. Cause of 1980s early recession… In the wake of the 1973 oil crisis … Read more
President Obama’s Agriculture Department today announced that it will impose a new 15-cent charge on all fresh Christmas trees—the Christmas Tree Tax—to support a new Federal program to improve the image and marketing of Christmas trees. In the Federal Register of November 8, 2011, Acting Administrator of Agricultural Marketing David R. Shipman announced that the … Read more
The UNITED STATES of America is a FOREIGN MUNICIPLE CORPORATION. Go to the UNITED STATES CODE (note the capitalization, indicating the corporation, not the De Jure Republic) Title 28 3002 (15) (A) (B) (C). Proof located in U.S. Code HERE. It is stated unequivocally that the UNITED STATES is a corporation. This all occurred without … Read more
If inflation and exchanges rates were directly linked, then you should see a spike in inflation that matches your alleged spike in exchange rates. However, since 1992, the inflation rate has been steady, fluxuating between 2% and 4%. Those are extremely low inflation rates: 2011 = 2.78%, 2010 = -0.34%, 2009 = 3.85%, 2008 = 2.85, … Read more
COLLIER COUNTY, Fla. – A bank foreclosure story you’ve got to see to believe. A Collier County couple turns the tables on Bank of America, the bank that tried to foreclose on their home. Now, the family is foreclosing on the bank! Even bringing trucks and deputies ready to seize property. The foreclosure nightmare started … Read more
[Milwaukee, Wisconsin] MacIver News Service – For the first time in history, the average annual compensation for a teacher in the Milwaukee Public School system will exceed $100,000. That staggering figure was revealed last night at a meeting of the MPS School Board. The average salary for an MPS teacher is $56,500. When fringe benefits … Read more
by Vics During the financial crisis in 2008, the root cause of the meltdown was derivatives. Specifically, CDOs, or Collateralized Debt Obligations related to mortgages and CDSs, or Credit Default Swaps. Derivatives encompass a wide range of financial products: futures contracts, interest rate swaps, options contracts, foreign exchange contracts (currencies), etc. The explosive growth in … Read more
Main Street Responds to the Wall Street Manifesto Main Street America has issued a point for point rebuttal to the Wall Street Manifesto, with a manifesto of its own. Each paragraph of the original Wall Street Manifesto is reprinted below and is immediately followed by Main Street’s rebuttal in italics. We, the bankers of these … Read more
We, the bankers of these United States , want to assure all Americans that we are devoted, heart and soul, to the interests of this great nation. Contrary to countless disparaging remarks by so-called pundits, there is absolutely no daylight between the interests of Wall Street and Main Street . One of our leaders eloquently … Read more