China's not doing so good

but neither are we

Did the Other Shoe Just Drop? Black Rock and PIMCO Sue Banks for $250 Billion

http://www.blacklistednews.com/Did_the_Other_Shoe_Just_Drop%3F_Black_Rock_and_PIMCO_Sue_Banks_for_%24250_Billion/36669/0/38/38/Y/M.html

if successful

will this bring down the big banks ?

will the government let that happen?

or will they be rescued Cyprus style?

They’re Coming for Your Accounts

http://www.freemansperspective.com/theyre-coming-for-your-accounts/

And, of course, they’ve already had a trial run, when they stole funds directly from individual bank accounts in Cyprus, just last year. Here’s how that went down:
March 16, 2013: Cyprus announces a bank holiday and sets the terms of a “bail-in” to save the banks: 6.75% of all bank balances under €100,000 and 9.9% of balances larger than €100,000 will be confiscated. In honest language, the word for that is “theft.”
People screamed, and the government hemmed and hawed for a number of days.
March 24, 2013: People are permitted to withdraw €100 at a time from their bank accounts.
March 25, 2013: A bail-in deal is announced. Accounts with over €100,000 lose either 40% of their money (Bank of Cyprus) or 60% of their money (Laiki bank).

And, as it happened, a number of very rich people and companies were permitted to withdraw their money in full, regardless of the “bail-in.”

"

land of the free

home of the brave ???

don't make me laugh

66 Percent of Americans Now Live in a Constitution-Free Zone

http://www.thenation.com/article/180649/66-percent-americans-now-live-constitution-free-zone?utm_source=Sailthru&utm_medium=email&utm_term=email_nation&utm_campaign=Email%20Nation%20%28NEW%29%20-%20Headline%20Nation%20Feed%2007152014&newsletter=email_nation

we are a nation that is in a profound,irreversible state of decline

in every way you can imagine

the crash is here and has been for quite some time

at least if you are in the middle class

some refer to it as "the long emergency"

pay stagnant and now actually declining

no more defined benefit pension plan (unless you work for the government)

serious increases in the price of food and health care (your paycheck doesn't even begin to catch up)

etc etc etc

a continuing decline in the standard of living

until you wake up one day and realize your now a member of the working poor

“as GM goes.so goes the nation”

oh crap !!!

HAS OBAMA’S GM BUILT ANY NON-DEFECTIVE CARS IN THE LAST FIVE YEARS?

http://www.theburningplatform.com/2014/07/23/has-obamas-gm-built-any-non-defective-cars-in-the-last-five-years/

29 MILLION recalls
and the year is barely half over

The U.S. Plans To Bail-In The Banks – Federal Reserve Vice Chairman

http://smaulgld.com/u-s-plans-to-bail-in-the-banks/ - https://smaulgld.com/u-s-plans-to-bail-in-the-banks/

"Under the proposed bail-in scenario, the faiure of a “sytematically important bank” (a.k.a. “too big to fail”) will receive no government funding to stay afloat. In order to keep their casino doors open, a too big to fail bank will just call on their loyal depositors to help out by taking whatever percentage of the depositors’ money they need to stabilize the bank."