RED FLAGS EVERYWHERE...

Do you actually believe ANYTHING you hear from the mainstream media???
I get better, more accurate news from Russian and Asian news sources !
A very sad time for America, indeed...
Have you heard ANY of this on the news?
Right now the U.S. government tells the media what they are to report...(yes even FOX)
If the SHEEPLEZ don't wake up very soon, they will find themselves at the slaughterhouse,
sooner rather then later...
I want you to take note, that the F.D.I.C. has only closed 1 bank in the last 2 weeks...This is very strange and I have a really bad feeling that something really big will happen soon.

1. You can bet, you will be the one that gets screwed.

2. It will cost you alot of money.


John Williams correctly states:
"Signalling looming deterioration in U.S. business conditions, an intensified economic downturn or "double-dip recession" in popular terminology. The implications here remain for severely exacerbated government (federal and state) fiscal and funding crises, for exacerbated banking system problems and for eventual severe selling pressure against the U.S. dollar."
John’s work is essential reading and is available at www.shadowstats.com.


Shadowstats: Actual March unemployment 21.7%. ("March Employment Gain of 162,000 Was 114,000 Net Result of Temporary Census Hiring.")


Jim Sinclair’s Commentary
CIGA JB Slear keeps you informed of enforcement actions.

You will never see a flag redder

Enforcement Actions Legal actions by the Board and written agreements approved by the Federal Reserve Banks
April 8, 2010 Written agreement with Rosemount Financial Services
April 7, 2010 Written agreement with FCB Florida Bancorporation and First Commercial Bank of Florida
April 6, 2010 Written agreement with Atlantic Southern Financial Group
April 5, 2010 Written agreement with Citizens Bancshares of Woodville
More…


Jim Sinclair’s Commentary
When the devil is in charge in Wall Street, virtue is a sin.
That is not about to change in our life time.

US banks understate debt, masking risk: Report 9 Apr 2010, 2140 hrs IST,AGENCIES
WASHINGTON: Major US banks have been masking the size of their debt, and thereby their risk levels, by temporarily lowering it just before
reporting it to the public, the Wall Street Journal reported Friday.
The newspaper, citing data from the Federal Reserve Bank of New York, said 18 banks have understated the debt used to fund securities trades by lowering them an average of 42 percent at the end of each of the past five quarterly periods.
The banks included Goldman Sachs Group Inc, Morgan Stanley, JP Morgan Chase and Co, Bank of America Corp and Citigroup Inc, the Journal said.
It said the practice was legal but gave investors a skewed impression of the level of risk that financial firms are taking the vast majority of the time.
It noted that over borrowing by banks was one of the causes of the financial crisis.
"You want your leverage to look better at quarter-end than it actually was during the quarter, to suggest that you’re taking less risk," William Tanona, a former Goldman analyst, was quoted as saying.
More…


Jim Sinclair’s Commentary
Try this new headline:
Yuan moves away from the US dollar towards basket of currencies indicating that China will be buying fewer US Treasury instruments to sustain rate.

Yuan rise could come by June-Oct. China might increase interest rates as early as this month, but will probably not allow the yuan to rise until the June-Oct. period, senior government economist Zhu Baoliang said this morning. He added that another one-off revaluation was unlikely, but said the yuan peg could be shifted to a basket of currencies.


Jim Sinclair’s Commentary
When the devil is in charge in Wall Street sin is a virtue.

Banks back to same old tricks. An analysis of data released by the New York Fed shows large banks are hiding their risk levels by temporarily lowering their debt just before reporting periods. A group of 18 banks – including MS, GS, JPM, BAC and C – lowered the debt used to fund trading ventures by an average of 42% at the end of each of the past five quarters, refilling their tanks in subsequent months. While not illegal, the practice gives investors a false impression of banks’ leverage – one of the factors that led to the massive panic in 2008.



Ignoring the Good News? Posted: Apr 09 2010 By: Greg Hunter Post Edited: April 9, 2010 at 10:06 pm
Filed under: Greg Hunter

I heard Jim Cramer of CNBC say last night people are“ignoring the good news.” I say when it comes to the mainstream media, just the opposite is happening. The folks at the financial news networks are especially good at ignoring the bad news even though they should know better.
For example, we have been told non-stop that we are in a“recovery.” We are clearly not. Want proof that we are not in a“recovery?” Just two days ago, Fed Chief Ben Bernanke said,“We are far from being out of the woods.” According to a Bloomberg story, in a recent speech in Dallas, Texas, the Fed Chief was hardly trumpeting a huge turnaround for the economy. Bernanke said, “. . . the U.S. faces hurdles including the lack of a sustained rebound in housing, a “troubled” commercial real estate market and “very weak” hiring. . .” (Click here for the complete Bloomberg story.) Why is the Fed Chief, all of a sudden, not beating the “recovery” drum? I think someone figured out that if they keep talking up the “recovery” and that does not happen, then the Fed will lose major credibility.
Sure, the economy looks like it stopped falling, but you have to keep in mind we spent trillions of dollars just to get to where we are now. Taxpayers bailed out everything from car companies to insurance companies. ALL the big banks got taxpayer charity, and the best we can do is bottom bounce?
If we really are in a “recovery,” then why is the Fed keeping its key rate at nearly 0%? The Fed has repeatedly said this cheap money“needs” to remain for an “extended period.” If this was a big “recovery,” wouldn’t the Fed raise rates?
Here is another ignored item. The banks are holding trillions of dollars in toxic assets, or bad debt, in the form of all sorts of derivatives. There is no telling what these things are worth because there is no public market. Without a public market, there are no standards for derivatives. There are not any guarantees, and regulation has been non-existent. Most importantly, without a public market, there is no “bid/ask” mechanism that is essential in setting a price (price discovery). I wrote about this in a post, last September, called “Can The Financial System Really Be Fixed? Some Say No.” (Click here for that post)
That’s why Wall Street says derivatives are “hard” to price. You bet they are hard to price! Nobody trusts the fantasy valuation, and there is no way to set a real price without a public market. What do you bet if there was a “price discovery,” we’d find out some of this stuff is worthless? I’ll also bet plenty more derivatives are worth a lot less than the banks claim, and that will spell big losses in the future. Why do you think Wall Street is fighting financial reform so hard?
If you think banks don’t play accounting games with bad debt, then maybe this story, out yesterday, will convince you. According to The Wall Street Journal, “Major banks have masked their risk levels in the past five quarters by temporarily lowering their debt just before reporting it to the public. . .” That makes it appear the banks balance sheets are less risky. I’ll bet it also justified some of those big bonuses too! (Click here for the complete article.) Uncertainty about the true value of assets in the banking system makes a real “recovery” impossible.
Here are another 138,000 reasons we are not in a recovery. That’s how many people filed for bankruptcy last month! An astounding 35% increase over February filings. This increase is almost totally ignored by the mainstream media.
And ignore this–we have lost more than 8.3 million jobs since December of 2007. We were told recently there was a big turnaround on the jobs front by the mainstream media. When you cut out the temporary census workers, we supposedly created 114,000 jobs last month. That job growth was so spectacular it did not even put a dent in the “official” unemployment rate of 9.7%. Although, shadowstats.com says unemployment is really at more than 21%, if you calculated it the way Bureau of Labor Statistics did it prior to 1994. After 1994, if someone is out of work for more than a year, then that person does not count according to the BLS. They keep calling this a “jobless recovery,” but without jobs this is no “real recovery.” Of course, all those unemployed people are probably just ignoring the good news.
More…


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We will be paying 70%+++ very soon...
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Quote of the day;
"Ask the first man you meet what he means by defending freedom, and he'll tell you privately he means defending the standard of living." - Reverend Martin Niemoeller (1892-1984) German Lutheran pastor, was arrested by the Gestapo and sent to Dachau in 1938. He was freed by the allied forces in 1945.