Subprime Auto Loan “Titan” Foolishly Proclaims There’s Nothing to Worry About

Screen Shot 2015-07-21 at 12.31.32 PM

Some of you will read the title of this post and wonder why I chose to cover this in light of all the other things happening in the world. While the rapidly growing subprime auto market might seem unimportant on a relative basis, I think it’s very significant as a microcosm of the many failures within the U.S. economy since the financial crisis, during which oligarchs were bailed out and the rest of the nation was left hung out to dry.

I best summarized how disturbing current trends in the U.S. economy are in the post, Land of the Debt Serf – How “Auto Title Loan” Companies are Ruthlessly Preying on America’s Growing Underclass. With regard to trend toward debt serfdom, I noted:

Think about how troubling this is for a second. In the run-up to the last crisis, Americans borrowed on their home equity and used the proceeds to remodel kitchens, etc. Now these same Americans are so completely broke, the only asset they can borrow against is their cars, and they are desperately using the money to purchase groceries, pay cable bills, etc. Thank you Ben Bernanke.

Even worse, more than 10% of these debt serfs end up losing their cars. What will they end up borrowing against after the next crisis, their organs?

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

No Capital Controls for Oligarchs – Warren Buffett Buys Greek Island

Screen Shot 2015-07-21 at 10.30.02 AM

If you want to see what unrestrained parasitic financial oligarchy ultimately looks like, look no further than the humanitarian crisis in Greece turned unprecedented billionaire opportunity. With global wealth becoming more and more systemically concentrated in the hands of “insiders,” empty flats bought for tens of millions of dollars in London and Manhattan no longer cut it. These guys have billions of dollars to burn, which means they need to start buying countries; or at least parts of countries, once they’ve been intentionally run into the ground via vulture financial colonialism.

Enter Warren Buffett. Sure, he’s a harmless old grandpa, just like yours. He loves cherry coke, hamburgers, Dairy Queen, America and, you know, Greek islands.

From Newsweek:

Billionaire investor Warren Buffett has joined up with Italian real estate agent Alessandro Proto to purchase a Greek island off the coast of Athens.

Consistently ranked as one of the wealthiest men in the world, Buffett and Italian millionaire Proto, acquired the island of St Thomas for €15m last Thursday, Proto Enterprises confirmed today.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Former High Ranking U.S. Senator Wants to “Hang Edward Snowden on the Courthouse Square”

Screen Shot 2015-07-20 at 1.52.58 PM

We need to hang him on the courthouse square as soon as we get a hold of him.

– Former vice chairman of the Senate Select Committee on Intelligence, Saxby Chambliss, on Edward Snowden

It appears the past few days have represented a sort of coming out party for formerly powerful players in the U.S. government to showcase their fascist tendencies. Earlier today, I highlighted General Wesley Clark’s clear suggestion during a MSNBC interview that Americans who are “disloyal” should be forcibly separated from the “normal” general population through the use of WWII style internment camps.

In the latest display, video has emerged of former Republican Senator, and ex-vice chairman of the Senate Select Committee on Intelligence, saying that Edward Snowden should be hanged in the courthouse square. What ever happened to fair trials?

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

A Fascinating New Interview with Wikileaks’ Julian Assange

Screen Shot 2015-07-20 at 1.09.02 PM

SPIEGEL: Who uses these methods? 

Assange: The British GCHQ has its own department for such methods called JTRIG. They include blackmail, fabricating videos, fabricating SMS texts in bulk, even creating fake businesses with the same names as real businesses the United Kingdom wants to marginalize in some region of the world, and encouraging people to order from the fake business and selling them inferior products, so that the business gets a bad reputation. That sounds like a lunatic conspiracy theory, but it is concretely documented in the GCHQ material allegedly provided by Edward Snowden…

SPIEGEL: What does this “colonization” look like? 

Assange: These corporations establish new societal rules about what activities are permitted and what information can be transmitted. Right down to how much nipple you can show. Down to really basic matters, which are normally a function of public debate and parliaments making laws. Once something becomes sufficiently controversial, it’s banned by these organizations. Or, even if it is not so controversial, but it affects the interests that they’re close to, then it’s banned or partially banned or just not promoted.

– From the recent Spiegel interview of Julian Assange

Ever since I read the lengthy and extremely interesting discussion between Google’s Eric Schmidt and Wikileaks’ Julian Assange, I always try to make an effort to hear what the man has to say from his forced asylum in Ecuador’s London embassy.

His latest interview is with Germany’s Spiegel and it doesn’t disappoint. Here are a few of my favorite excerpts, but it’s worth reading the entire thing.

From Spiegel:

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Video of the Day – General Wesley Clark Suggests Putting “Disloyal Americans” in Internment Camps

Screen Shot 2015-07-20 at 9.38.44 AM

If these people are radicalized and don’t support the United States, and they’re disloyal to the United States, as a matter of principal that’s fine, that’s their right. It’s our right and our obligation to segregate them from the normal community for the duration of the conflict. 

– General Wesley Clark in a MSNBC interview

Noting that the recent tyrannical, entirely anti-American comments made by General Wesley Clark during a MSNBC interview are statist and disturbing would be the understatement of the century.

What General Clark is advocating in no uncertain terms is that the U.S. rewrite its laws to allow for the internment of Americans who the government feels have engaged in thought crime. Mind you, laws on the books are sufficiently strong to punish people engaged in actual criminal behavior. What Clark is suggesting is forcibly separating people based on their political views.

Sure, he couches it in the war against ISIS (an entity created by U.S. government foreign policy), but once you make it policy to disappear people based on one particular type of thought, it will quickly spread to other undesirable political views.

Please share this video with everyone you know. It’s that crazy:

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Donald Trump the Demagogue

Screen Shot 2015-07-15 at 11.02.20 AM

It’s not too interesting to say that Donald Trump is a nationalist and aspiring despot who is manipulating bourgeois resentment, nativism, and ignorance to feed his power lust. It’s uninteresting because it is obviously true. It’s so true that stating it sounds more like an observation than a criticism.

Lovers of freedom need to confront the views of a man with views like this. What’s more, of all the speeches I heard at FreedomFest, I learned more from this one than any other. I heard, for the first time in my life, what a modern iteration of a consistently statist but non-leftist outlook on politics sounds and feels like in our own time. 

What’s distinct about Trumpism, and the tradition of thought it represents, is that it is non-leftist in its cultural and political outlook and yet still totalitarian in the sense that it seeks total control of society and economy and places no limits on state power. The left has long waged war on bourgeois institutions like family, church, and property. In contrast, right fascism has made its peace with all three. It (very wisely) seeks political strategies that call on the organic matter of the social structure and inspire masses of people to rally around the nation as a personified ideal in history, under the leadership of a great and highly accomplished man.

Trump believes himself to be that man.

– From Jeffrey Tucker’s absolutely brilliant, must read, Trumpism: The Ideology

The Huffington Post caused a bit of a media storm earlier today with its announcement that it would be covering Trump’s presidential campaign in the entertainment section. Here’s the announcement:

After watching and listening to Donald Trump since he announced his candidacy for president, we have decided we won’t report on Trump’s campaign as part of The Huffington Post’s political coverage. Instead, we will cover his campaign as part of our Entertainment section. Our reason is simple: Trump’s campaign is a sideshow. We won’t take the bait. If you are interested in what The Donald has to say, you’ll find it next to our stories on the Kardashians and The Bachelorette.

Unfortunately, I have to disagree with this assessment. Trump may be a “joke” to people who see right through what he’s doing, but he’s no joke to his growing number of supporters. The Huffington Post would do far more good covering him religiously, while discrediting him every step of the way. Mocking him will only reflexively boost his support amongst an increasingly desperate and confused citizenry. As much as I wish he were a joke, he’s not. In fact, he’s very real and very dangerous.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

To Pass TPP, U.S. State Dept. Upgrades Malaysia’s Human Trafficking Ranking Despite Discovery of Mass Graves

Screen Shot 2015-07-16 at 4.16.37 PM

When it comes to a choice between human rights, freedom and national sovereignty versus multi-national corporate giveaways, we know which decision the U.S. government makes every time. In the latest slap in the face to anyone stupid enough to still think the American status quo cares about anything other than money and imperial power, I bring you the following from TechDirt:

Earlier this week, we wrote about a troubling move by the US State Department to “upgrade” Malaysia from a “tier 3” country to a “tier 2” country regarding human trafficking. This move came despite a near total lack of evidence of any improvement by Malaysia. In fact, just two months ago 139 mass graves were discovered for migrant workers who had been trafficked and/or held for ransom. And the US ambassador to Malaysia had publicly criticized the country for failing to tackle its massive human trafficking problem.

So why would the State Department magically upgrade Malaysia? Well, because of a tiny provision in the fast track “Trade Promotion Authority” deal that Congress recently passed. It noted that fast track authority would not apply to trade deals involving countries that were categorized as “tier 3” by the State Department. In other words, this should have given the US tremendous leverage to push Malaysia to really tackle the problem. Instead, because it appears that the administration is so focused on getting the TPP officially finished and ratified, it got the State Department to just magically upgrade Malaysia, and effectively spit on the graves of those murdered migrant workers.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Election 2016 Data Released – Jeb Bush Receives 3% of Funds from Small Donors vs. Bernie Sanders at 81%

Screen Shot 2015-07-16 at 1.53.00 PM

Yesterday represented the first deadline for many 2016 Presidential candidates to file Federal Election Commission details on how they are raising and spending campaign money. The information is very interesting and will leave you with little doubt as to which puppets, I mean candidates, the oligarchs are supporting.

One metric that is getting a great deal of attention today, is the percentage of funds raised coming from small donors ($200 or less). The New York Times put together a user-friendly image of this data, which can be seen below:

Screen Shot 2015-07-16 at 12.36.53 PM

Screen Shot 2015-07-16 at 12.37.04 PM

As you can see, despite an extremely crowded field, Jeb Bush was still able to come in dead last amongst small donors (i.e., your typical American citizen). This should come as no surprise to anyone, as I’ve repeatedly noted on Liberty Blitzkrieg, how Jeb has absolutely zero grass roots appeal. Recall the following posts:

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

“Bank Lives Matter” – Obama Administration Makes Another Move to Protect Profits of Criminal Mega Banks

Screen Shot 2015-07-16 at 10.44.41 AM

Three top Democrats are accusing the Department of Housing and Urban Development of quietly removing a key clause in its requirements for taxpayer-guaranteed mortgage insurance in order to spare two banks recently convicted of federal crimes from being frozen out of the lucrative market.

HUD’s action is the latest in a series of steps by federal agencies to eliminate real-world consequences for serial financial felons, even as the Obama administration has touted its efforts to hold banks accountable.

– From the Intercept article: Obama Administration Finds New Way to Let Criminal Banks Avoid Consequences

Two days ago, I highlighted a feel-good story about how officials in Santa Cruz County decided to take mega bank criminality into their own hands by voting to cease business relationships with five criminal TBTF mega banks. Here’s an excerpt from the post, Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks:

“There seems to be no limit to the greed in some our nation’s largest banks. I believe it is critical that the County only work with the most trustworthy institutions as we invest and protect the public’s tax dollars. Santa Cruz County should not be involved with those who rigged the world’s biggest financial markets.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

Here’s the Undercover Video Exposing Planned Parenthood’s Sale of Fetal Body Parts

Screen Shot 2015-07-15 at 1.53.39 PM

This post isn’t about pushing either a pro-life or pro-choice position. It’s about highlighting a very disturbing video regarding Planned Parenthood’s sale of fetal body parts.

Did you know this was happening? I didn’t.

Watch the entire thing:

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.