Richest 400 Americans get richer

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“The rich got quite a bit richer this past year, according to this year’s rankings of the 400 wealthiest Americans.  Forbes magazine released its annual list on Wednesday, and the combined net worth jumped 13% to $1.7 trillion in 2012, up from $1.5 trillion in 2011. The boost came thanks to the rising stock market and a rebound in real estate values – especially in cities like Los Angeles and New York.”

http://money.cnn.com/2012/09/19/news/companies/forbes-richest/

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Well-to-do get mortgage help from Uncle Sam

http://s1.reutersmedia.net/resources/r/?m=02&d=20120913&t=2&i=652578342&w=460&fh=&fw=&ll=&pl=&r=CBRE88C0SR200

“In Santa Clara County, the center of the global tech industry and one of the wealthiest places in the United States, most home buyers get help from the government. The same is true in other wealthy enclaves such as Nassau County, outside New York, and Arlington County, outside Washington, the analysis of more than 50 million loans finds.  It is no secret that the U.S. government propped up the housing market after the financial crisis. What the analysis by Reuters makes clear is the extent to which government programs have helped some of the nation’s most well-to-do communities.”

http://in.reuters.com/article/2012/09/13/us-fanfred-lending-idINBRE88C0CY20120913

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The Federal Reserve’s Cargo Cult Magic: Housing Will Lift the Economy (Again)

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“Lower rates were supposed to spark a re-financing boom that would free up billions of dollars as monthly mortgage payments dropped, but oops, very few homeowners are creditworthy now that having a pulse and the ability to lie are no longer sufficient to get a mortgage.  The Fed can funnel trillions to banks, but it can’t force them to lend money to uncreditworthy borrowers putting up phantom collateral.  So the Fed is back to the game of goosing phantom assets higher with perception management.”

http://charleshughsmith.blogspot.com/2012/09/the-federal-reserves-cargo-cult-magic.html

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Romney’s Neocons

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“Will he be even worse than Obama? Eric Margolis talks to Lew Rockwell about the Middle East.”

http://www.lewrockwell.com/lewrockwell-show/2012/09/11/308-romneys-neocons/

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This is What You Need to Know on the Anniversary of 9-11

“In 2007, General Wesley Clark delivered the below speech in San Francisco at the Commonwealth Club.  He now claims America underwent a ‘policy coup’ at the time of the 9/11 attacks. In this video, he reveals that, right after 9/11, he was privy to information contained in a classified memo that the US planned to attack and remove governments in seven countries over five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan and Iran. Remember, he delivered this speech in 2007, four years before Gaddafi was overthrown in Libya and turmoil started to develop in Syria.”

http://www.economicpolicyjournal.com/2012/09/this-is-what-you-need-to-know-on.html

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Norman Dodd On Tax Exempt Foundations (1982)

“Norman Dodd was interviewed in 1982 by G. Edward Griffin regarding the time he spent as the head researcher for the Reece Committee.  This is a truly eye opening look into what the tax exempt foundations are doing in the United States – their attempt to merge the Soviet System of Government with the USA.”

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Elites Play Waiting Game with Europe

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“The Euro-crisis is just more directed history, it seems. The elites created the crisis with their banks, their money and their EU structure.  Now they are continually stringing it along, hanging the EU high on the gallows and choking it slowly with ‘solutions’ that just prolong the torture. There is no intention of ‘solving’ the problem. Four hundred million victims are to be impoverished until they are willing to trade their lives for ANY solution. This is how you build world government – on the backs of suffering masses.”

http://www.thedailybell.com/4279/Elites-Play-Waiting-Game-with-Europe

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The U.S. Keeping the Eurozone in Line

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“The Treasury has announced that Under Secretary for International Affairs Lael Brainard will travel to Spain, France and Germany on September 10-12, 2012. According to the Treasury, the Under Secretary will meet with senior government officials ‘to discuss their plans to achieve financial stability and growth in Europe and globally.’  On Monday, September 10, Under Secretary Brainard will meet with government officials in Madrid, Spain. On Tuesday, September 11 the Under Secretary will meet with government officials in Paris, France and Berlin, Germany. On Wednesday, September 12, she will meet with officials in Frankfurt, Germany.”

http://www.economicpolicyjournal.com/2012/09/the-us-keeping-eurozone-in-line.html

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With $114 million, Obama just outraises Romney in August

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“Former Massachusetts governor Romney and fellow Republicans raised more than $111 million, continuing a string of high-dollar hauls.  While Obama shattered every fundraising record in 2008 after becoming the first presidential candidate to opt out of a federal matching funds system, Romney has outpaced him significantly on the fundraising front since April.  That has added to a cash advantage on the Republican side that is helped by the success of outside groups, or Super PACs, that have spent lavishly in support of the Republican candidate with unlimited funds from millionaire donors.”

http://articles.chicagotribune.com/2012-09-10/news/sns-rt-us-usa-campaign-fundraisingbre88905f-20120909_1_obama-campaign-senior-romney-adviser-mitt-romney

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UBS ‘Rogue trader’ goes to court in $2.3 billion fraud trial

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“A trader accused of losing $2.3 billion in a fraud at Swiss bank UBS goes on trial in London on Monday in a case expected to once again put the supervision of bankers under the spotlight.  Ghanaian-born equities trader Kweku Adoboli denies two counts of fraud and two of false accounting between 2008 and September last year.  The son of a Ghanaian former United Nations official, Adoboli worked for the global synthetic equities division at UBS in the City of London financial district.  The true magnitude of the risk exposure had been hidden through ‘fictitious’ positions allegedly taken by the trader, the bank said.”

http://www.rawstory.com/rs/2012/09/10/rogue-trader-goes-to-court-in-2-3-fraud-trial/

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