Monthly Archives: August 2011

And So It Begins…..

Posted 2011-08-06 11:15 by Karl Denninger That didn’t take long…. United States of America Long-Term debt rating lowered to “AA+” on political risks and rising debt burden; outlook negative. And so it begins.¬† With the outlook, it is clear that S&P believes this is not a one-step “and done” move either. Why?¬† Oh, they were […] Read more

The Debt Crisis Is A Trojan Horse To Cause The Fall of America

Declaration Of Independence by John Trumbull

Published August 1, 2011 by Saman¬†Mohammadi at The Excavator “A sovereign nation can always find the money to pay debts owed in its own currency. The U.S. could, if it wished, pay its bills using debt-free U.S. Notes or Greenbacks, just as President Lincoln did to avoid a crippling debt during the Civil War. Alternatively, […] Read more

Eric Holder’s Newest Witch Hunt

Eric Holder

Eric Holder’s Newest Witch Hunt by Bob Beauprez   The Department of Justice is executing a “Witch Hunt” against banks. Through the DOJ’s Civil Rights Division, Attorney General Eric Holder is forcing banks to “relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged […] Read more

Audit: Fed gave $16 trillion in emergency loans

Ben Bernanke

Audit: Fed Gave $16 Trillion in Emergency Loans By Stephen C. Webster Thursday, July 21st, 2011 — 11:34 am The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the […] Read more