A coalition of Republican lawmakers introduced a bill in Congress that would prohibit any federal or “funny-money” funding to bail out to state, county, local, or territorial governments across the United States. If the legislation is approved, the prohibition would apply to bailouts by both the Obama administration's Treasury and the “independent” Federal Reserve System, which in recent years has conjured trillions of dollars into existence out of thin air to bail out mega-banks and other cronies in America and worldwide. Some analysts, though, are skeptical of the motives.
Ten or the largest banks have $147 billion in revolving credit lines to the oil industry that are likely to expand their exposure to the energy industry just when they'd rather reduce it.
Predictions of a global recession are now coming more and more from mainstream economists and analysts.
With the Trans-Pacific Partnership (TPP) signed today in New Zealand by officials from the 12 governments and dictatorships ensnared in the sovereignty-smashing “free trade” regime, opposition to the plot — dubbed “Obamatrade” by critics — is surging across the political spectrum. In the presidential primaries, virtually nobody, not even known establishment candidates, dares to express support for the scheme. In Congress, members of both parties are up in arms, calling on their colleagues to crush the TPP before it crushes America. And among the grassroots, Americans of all political persuasions are outraged, ranging from labor unions and environmental groups to conservative, libertarian, and constitutionalist forces.