Why U.S. Manufacturing Can’t Get Off the Mat

The reason US Manufacturing can’t get off the mat is because they’ve been pinned by an 800 lb gorilla named Bernanke and a CONgress and President that together couldn’t manage a hot dog stand. The article accurately presents some of the data that shows manufacturing is stagnant at best, and there’s plenty more data that proves this point (and more). However, in its predictable fashion, the mainstream media only tells half the story.

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The USA Was Much Better Off Before The IRS

Many of us could come up with our own list of IRS abuses. It’s also safe to say that no one would miss the IRS if they disappeared tomorrow. If you need further evidence that the IRS is completely out of control and thoroughly corrupt, Michael Snyder documents a few personal cases, as well as provides his reasons why we were much better off as a country before the IRS.

Martin Armstrong also provides his story of his chilling encounter with the IRS, as does Michael Burry in his commencement address (go to the 14:00 mark). For your reference, Mr. Armstrong is the founder of Princeton Economics, and one of the most sought after economic consultants in the world. Michael Burry is the genius doctor from “The Big Short” that made billions on his subprime bet.

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What No One Wants to Hear About Benghazi…or the IRS and DOJ

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There’s nothing wrong with a little wishful thinking. It would be a good start, but if equal justice prevailed their hands would be cuffed behind their back. Don’t count on it. What you can count on is a “coincidental” distraction in the very near future.

Regarding Benghazi – I can’t say it any better than Ron Paul. It should be clear why Dr. Paul was black-balled during the Presidential campaign. Our government is run by a bunch of narcissistic sociopaths who could care less about who they kill. While Dr. Paul may provide the most honest report on Benghazi, Jon Stewart exemplifies why many a truth is said in jest.

As we should have learned with Fast & Furious, when you hand guns over to bad guys, they do bad things…and when you’re an Indian giver with really bad guys, very bad things happen, especially when you give them really big guns. Just like with banksters, when you feel untouchable, there’s nothing you think you can’t do. The biggest problem, beyond the useless loss of life, is the U.S. population suffers the blow-back.

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The Black Hole That Is Government

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Government is like a giant black hole that sucks the life, money, and morality from society. The IRS targeting of conservative groups is just the latest in a long list of abuses by the government to manipulate behavior and take money out of the pocket of productive citizens. Anyone that believes these IRS agents were rogue employees looking for more work to do, is simply delusional. It would not surprise me at all if Obama’s next plan to improve the economy called for hiring an army of government auditors to go after gun owners. Once everyone is required to register their gun they’ve got everything they need. What’s the harm? What do you have to hide? So what if you’re totally innocent and have to pay through the nose to hire an attorney to defend yourself. Aren’t you willing to do your patriotic duty to stimulate the legal industry?

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Why The Disconnect Between Stocks and the Economy?

In a recent article by CNBC, the author explains why stocks continue to climb higher, even though we remain stuck in the Great Recession. The attempt to “demystify” the disconnect between stocks and the economy provides just enough truth to give readers the impression that the rise is inevitable, so long as the Fed stays involved. Not only did they use false positives, but the article fails to even mention the reasons for the bigger flows of capital into the market, nor does it answer the big question – weren’t the Fed’s policies supposed to improve the economy? An even more fundamental question is, does it even matter what the reasons are for the disconnect? The disconnect that the author acknowledged will all be resolved soon enough.
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Proof The Next Bubble is Well-Formed

If government was serious about fixing our financial problems, they could relatively quickly put our economy on the right track, and take it off the track toward tyranny. Government is always the problem because they can never look at themselves as the cause. Since they will never consider reforming themselves, government always takes from the private sector and punishes the people for their screw-ups.

If your government was truly serious and intelligent about setting us on a path to recovery, they would immediately do the following:

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The Devil Always Thinks He’s Doing God’s Work

It was Lloyd Blankfein, head of the Goldman Sachs crime family, that was the first to actually admit he thought he was doing God’s work.  Is that guy the spitting image of Gimini Cricket, or what? I never want to stoop to name calling, but since Lloyd should be in prison somewhere getting much worse things done to him, it shouldn’t bother him to badly. Names may never hurt him, but bubba would do more that just break his bones.

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I believe Mr. Blankfein said what so many in government actually think. In fact, I’m willing to bet that he stole the idea from one of the many Congressman he meets with on a regularly basis. It’s not just our politicians that feel this way. Governments around the world continue to pretend they’re God by manipulating their economies and trying to dodge the business cycle. Even though it always ends in failure, and usually war, it doesn’t stop these sociopaths from feeding their delusions of grandeur.

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California Sues JP Morgan Chase for Illegal Practices

The documented frauds and abuses of power by the big banks continues, although outside the protected (bought) jurisdiction of NYC it’s getting more difficult. Unfortunately, the massively deep pockets created by decades of ripping people off can always wear down the other side to get them a cost of doing business fine, no jail time, and a plea that doesn’t require them to admit guilt. As long as this is the case, the public will continue to be fleeced. If you have your money with these crooks, you’re part of the problem.

JPMorgan Chase engaged in what has become called ”robo-signing” where they churned out lawsuits that was a practice which became widely used during the mortgage foreclosures until it was outlawed. Banks were forging signatures and pretending they had titles when the did not. JPMorgan Chase was one of the five major banks that settled with California and other states after the housing market meltdown for such practices.

This time the lawsuit concern debt-collection where once again officials similarly signed legal documents that included sworn declarations without reviewing the related files and bank records or even reading the documents. Anyone else would get 5 years in prison for such antics. JPMorgan Chase actually filed 469 debt-recovery lawsuits in a single day day alone. The company’s in-house lawyers filed an average of 100 lawsuits a day for each day the courts were open while its outside counsel filed yet another 20,000 lawsuits.

Billionaire Bankster Breaks Into Obama’s Cabinet

If the media conveniently allowed you to miss it, allow me to summarize: Obama finally had to repay his debt to Penny Pritzker, your average billionaire fraudster from Chicago, and tossed her the Secretary of Commerce job. Normally, I would let this slide off my back. After all, how stressed can one get over another scumbag politician? However, Obama may have just cracked his Teflon image reaching down so deep in the sewer for this fraudster (although Benghazi should have already exposed his true colors). I would love to see and hear any Obama supporter rationalize this appointment.

Greg Palast’s article reminds us all of the infectious bacteria in the Petri dish, that is Washington DC. The only reason Pritkzer didn’t ride into town with Obama, Summers, and Geithner in the first term was that she was to contagious even for these king pins of fraud. How bad do you have to be for your baggage to worry these guys?  As a reminder, it was the Rubin, Summers, Geithner triumvirate, who along with the Maestro, that lit the fuse of frauds that has imploded our economy and society.

Broker They Get – The More Desperate They Become

The Senate passed the Internet (kill-the-economy) Sales Tax yesterday. It will be interesting to see if the House members fear the voter more than the campaign contributions from Amazon, Wal-Mart, and the other big box retailers.

The business implications of this invasive tax should be obvious – not only from the perspective of capital destruction by the increased regulation, but also due to the anti-competitive support large companies buy from career politicians. If you want an in-depth explanation, Karl provides it.

My point is much more basic. It’s a tax on consumers! It takes their little remaining discretionary money out of their pocket, and gives it to an ever increasing corrupt and woefully inept government. Like an addict needing an ever larger fix, government will steal from your mother (and grandmother) to get their next fix of power, and privilege that provides them a lifestyle that is protected from the insane legislation imposed on the masses, and is enabled by “spending other people’s money”. There’s only one way to cure a junky. Cut them off!

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