The Real World News & Commentary – August 19, 2012

The Real World News & Commentary –
What the Mainstream Media Did Not Show You Today

Created by Roy Perlmutter   August 19 2012


Barofsky: ‘Geithner Admitted To Us That Obama’s Housing Policy Was DESIGNED To “FOAM THE RUNWAY” For The Banks’


Obama Housing Program Slowing To A Crawl While Homeowners Suffer


Obama Pitches New Mortgage Relief Plan to Shore Up Economy


President Obama on Working Through the Mortgage Crisis


The Band Perry – You Lie


Could you go 10 weeks without lying?


Barack Obama Beating Mitt Romney in Confidence Game, But Will Likely Lose Election


Social Security Administration To Purchase 174 Thousand Rounds Of Hollow Point Bullets


The Sentinel Case – Another Nail In The Coffin Of ‘Market Confidence’


Warren Pollock and Ann Barnhardt On the Increased Risk to Customers In the US Financial System


Official Manipulation


The next great transfer will be the confiscation of individual retirement accounts, 401(k)s and pension plans to pay down government debt. This will be the last big rape!

When that is gone, chaos and destruction will follow. Out of the ashes will rise a new system, hopefully a sound one on a gold standard. We must first go through the fire.


Retail Exodus From Stocks Continues


“Mandatory spending is principally the entitlement programs — Medicare, Medicaid and Social Security. What that means is every single dollar that we spent last year on these two wars, national defense, homeland security, education, infrastructure, high value-added research, every single dollar was borrowed and half of it was borrowed from foreign countries,” Bowles added. “That is crazy. It’s a formula for failure in any organization.”


Stop Fooling Yourself… NO Entity On Earth Can Stop This


Labor Dept. Attempts to Stop Layoffs by Giving $100 Million to States to Subsidize Payrolls


Exclusive: White House studying potential oil reserve release


“I wouldn’t be surprised over the next two or three years to see a fall of 10% in GDP in the eurozone, and in other countries also, the UK and US.  Just take an example of commercial property in Italy.  In the second quarter of this year there were (only) 2 commercial property transactions in Italy.  This was against 56 in the previous quarter. …I mean a drop from 56 to 2, it’s just come to a total standstill….  (AUDIO)


California State Controller John Chiang / Statement of General Fund Cash Receipts and Disbursements


Doesn’t Take Much To Get Homebuilders Confident These Days


Single Best Chart: Your Chances of Getting Re-Hired


Farage Blasts Communist Europe And Leaders “Living In Noddy-Land”


Economic Rape of Europe Nearly Complete, Part IV


Mine “bloodbath” shocks post-apartheid South


Update: Platinum mine violence impact – could it spread to gold mines too?


J.P. Morgan’s hunt for Afghan gold


China’s winning strategy in Africa


Hillary Clinton launches African tour with veiled attack on China


You Lie – The Band Perry w/ Lyrics


The Middle East is in the spot light again this week, and it’s all because of continued talk of war.  Matan Vilnai, an Israeli defense minister, said Israel is “ready as never before.”


Miles Franklin Exclusive: The ULTIMATE Collateral (the family jewels?)


“As gold is a currency in nature, no matter if it’s for state economic security or for the acceleration of renminbi internationalisation, increasing the gold reserve should be one of the key strategies of China.”


Gold Continues To Be Money: CME Europe Now Accepts Gold As Clearing Collateral


Big Changes Ahead: Gold Just Became Money Again


James Turk’s Q&A with GoldMoney followers


A discussion with James Turk this week renewed my interest in his Fear Index. So I decided to calculate the current figure. Given the 2.8% GFI figure listed in the equation above, clearly the gold market mania phase is only beginning, when compared to the 1980’s peak


Gold Runs Out in Lisbon as Price Drop Compounds Money Misery


The Whiskey Rebellion, Part III: Ending the Rebellion


The Only Choice on November 6th


Cartoon –


Reba McEntire – If I Were a Boy


Fun Fun Fun