Why the banks are still doomed and how to profit from it

The Anti-Regulators Are the “Job Killers”
One of my all-time favorite guests from my Fox Business Happy Hour days, Bill Black calls out both the Republicans and the Democrats in his latest must-read article demanding justice and prosecution of the bank executives who are still running the TBTF banks.

Past Rulings by New York Judge Schack Reached Ibanez-Like Conclusions
The latest layer in the onion of lawlessness and anarchy that stems from the decriminalization of fraud by the Republican/Democrat Regime and the corporate backers it caters to, is this foreclosure fraud dynamic that’s now coming to light as being more pervasive and impactful than anybody in the financial industry will admit. The biggest banks in the country from JPM, WFC, Citigroup, Bank of America and on down along with their servicers and attorneys and anybody who has tried to perpetrate fraud on the courts should be prosecuted, put out of business, recapitalized and broken apart according to the law of the land.

The broken heart of capitalism
Great quote: “If we have a system where banks take the upside but the taxpayer takes the downside something has gone wrong with capitalism, with the very heart of capitalism, and we need to repair this”.  Or as I’ve been saying since the socialist Republican/Democrat regime in charge started on their remarkably ballsy bailout bonanza –there’s no such thing as a sunshine capitalist.

In Corrupt Global Food System, Farmland Is the New Gold

In this week’s Revolution Investing newsletter, I highlight some of the recent developments that are further validation of the inflation-in-the-things-we-need thesis and why we should stick with it, despite our outsized profits in the commodity ETF, DBA, that we have in the model portfolio. I also switch out one of our app revolution stocks from the model portfolio for another steady Betty, old-school, dividend-paying name.  Please be sure to check out my  my Marketwatch Revolution Investing newsletter.  Sign up for the newsletter now and get a free copy of my $39 report 14 Stocks That Should Double in 2011 (and 6 That Should Collapse).  If you want to know how to invest in apps, be sure to check out my report 50 Stocks for the App Revolution which includes a handful of stocks I think can go up 500-1000%, by visiting http://AppRevolutionStocks.com.

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Must-read articles for every enlightened voter

The taxpayer money spent on health care, social security & food stamps in 2010 was less than 1/10 the taxpayer money spent on bailouts, quantitative easings & other corp welfare programs.  Unions and socialized health care and welfare programs and social safety nets might be a problem, but they aren’t nearly the problem the welfare/socialist/Republican/Democrat bankster and corporate welfare system is. WAKE UP, people, please!

Here are some recent readings for any free-thinker who cares about making a stand for rule of law:

The End of New Deal Liberalism http://bit.ly/fARigf A self-described liberal sees what I see – Republicans and Democrats are the same. Dems ain’t liberal!  And to see how I’d be trading the bank stocks, please check out my report, 14 Stocks That Should Double in 2011 (and 6 That Should Collapse).

In which I eventually dump on Obama for appointing Daley http://tinyurl.com/25×2h8t. More recognition of the Republican/Democrat corporatist shell game…the people are awakening!

Attorney General Tom Miller Reneges on Promise to Prosecute Mortgage Fraud (Updated) http://t.co/YYJRVaP The attorney generals sell themselves to the Republican/Decmorat Regime to get elected.

Consumer Reports: 50 Million Households Will Do Worse with New Tax Bill http://t.co/zRB5Ewc Seriously, the fact that you people vote for Republicans and Democrats who redistribute wealth UPWARD is inexcusable

Financial interests dicatate sovereign policy http://michael-hudson.com/2010/12/financial-interests-dictate-sovereign-policy/ “But bankers are stupid enough to trust Icelandic bank looters, Irish speculators & American junk-mortgage salesmen…”

Republican members of FCIC to promote crisis- urban legends shift blame from banks http://t.co/EfNyhVN Yves Smith: “If the authorities fail yet again, the cost will be both the rule of law and our unwritten social compact…” and “This next two years may be the last window to leash and collar a parasitic financial services industry…”

Fed Money Drying Up for Alt Energy http://nyti.ms/gyDfiF Best way to profit on it? I’ve got it already at http://tradesfor2011.com.

FDIC launches investigation of failed bank officials http://www.dsnews.com/s/4-zr4d When the FDIC actually prosecutes Goldman, Citi, BAC, etc, I’ll be impressed. Until then, just PR BS.

It’s the establishment vs the web http://t.co/arvZnJ2 “Our rulers have a choice to make: either they learn to live in a WikiLeakable world; or they shut down the internet.”

If you are aware of fraud, waste, or abuse affiliated with the TARP Bailout, please contact the SIGTARP Hotline! (877) SIG-2009

And finally, please be sure to check out my  my Marketwatch Revolution Investing newsletter.  Sign up for the newsletter now and get a free copy of my $39 report 14 Stocks That Should Double in 2011 (and 6 That Should Collapse).  If you want to know how to invest in apps, be sure to check out my report 50 Stocks for the App Revolution which includes a handful of stocks I think can go up 500-1000%, by visiting http://AppRevolutionStocks.com.

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I wish I were proud about being in a book

True liberals know that the Democratic party, funded by big business and big labor, is their enemy and true conservatives know that the Republican party, funded by the same groups, are their enemy. Think about it.

Case in point: I’m in a book. In fact, I think I’ve been written about a few times in mainstream political books that have been published in the last year. You think that might be pretty cool — that maybe I’m starting this column out on this topic because I’m proud of it….and maybe I would be, but every single one of the books take something I’m very proud of having said completely out of context and use it to promote some sort of outdated, increasingly meaningless political paradigm of “left” and “right”.

Here’s what the idiots John Amato and Dave Neiwert write about me in their new book, Over the Cliff:

Fox News’s role in driving these crowd sizes cannot be understated; without its open promotion of the Tea Parties, it’s unlikely the movement would have attracted more than a quarter of these crowds in a much smaller number of cities. And as you might expect, on the day of the protests, Fox’s coverage was full-throated.

Things started off swimmingly with Fox Business Network anchor Cody Willard reporting from a Tea Party in Boston. He told his interview subjects: “I’m on your side. I’m trying to take down the Fed.” Willard became even more excited a little later, exclaiming: “Guys, when are we going to wake up and start fighting the fascism that seems to be permeating the country? The fascism– the definition of it is big business and government getting in bed together. That is what these people are fighting. We have about 700 people here. They are starting to rally!”

That’s pretty close to what I said…you might think people writing a whole book about a topic like this might have bothered to do a little homework about me instead of just blindly quoting Jon Stewart’s shameful twisting of my same words from that same fateful first new Boston Tea Party:

Cody Willard calling out Jon Stewart

I clearly did not ONLY say Obama’s Democratic Administration and the current Congress are “fascist”; I CLEARLY AND REPEATED CALLED OUT BOTH THE REPUBLICANS AND THE DEMOCRATS IN POWER FOR BEING “FASCIST” IN THE ACTUAL CLIP.

Click here to see the clip and what I actually said. I talked about how The Constitution itself is only 6 pages long and over which every single word was debated and fought contrasted by the 1,071 page stimulus package that no Republican or Democrat lawmaker bothered to read before signing into law. I say “the people out here are upset and angry and are fighting the Republicans and the Democrats.” I call out the “Republican-led $160 billion stimulus package from 2007″ before I call out the “$800 billion Republican/Democrat Fascist Stimulus package”, finishing that sentence by asking the question from the clip that The Daily Show ran and said was me ranting about Obama: “Guys, when are we going to wake up and start fighting the fascism that’s permeating this country?”

If Mussolini himself defined fascism as the marriage of government and business and the Republican/Democrat regime in power has given three times more in outright welfare infusions for the people rich enough but stupid enough to have risked their money on big bank or insurance or car stocks and bonds and hedges than they allocate every single year for Social Security, Medicare, Medicaid, and food stamps in this country, then what do you call what’s happening in the last year?

See, the sham of “left” vs. “right” is over. They’re both so owned by corporate interests, that they’ve literally handed trillions of dollars to shareholders of only the biggest corporations in this country.

And now the government owns these corporations. And that’s, by definition, fascism. And that was done fully and equally by Republicans and Democrats now in power.

There is no longer any concept of “right” and “left” when each party in this country. The Democrats aren’t “left” or they wouldn’t have written a check for trillions of dollars in welfare to bankers on Wall Street. And Republicans aren’t “right” or they wouldn’t have written a check for trillions of dollars of welfare for bankers on Wall Street. If you’re okay with some form of welfare and liberalism then you should be as pissed as I am about the bailouts and all the money they’ve wasted that could have gone towards helping the needy and poor instead. And if you’re okay with self-reliance and constitutional rights then you should also be as pissed as I am about the bailouts being the single largest act of wealth redistribution in the history of this country, nay, planet.

I’m happy to debate the merits of “left” and “right”, but that has nothing to do with the Obama or the Bush administrations, both of which were and are corporatist…which is, yes, indeed, just a nicer word for fascist. I’ve called out idiot “conservatives” at the National Review for supporting the leftist/socialist policies (including the bailouts which are indeed leftist/socialist by definition) of Bush, McCain, Palin et al. And I guess now I’ll call out this idiot “liberal” from CrooksAndLiars, John Amato, and his equally idiotic free lancing “liberal” cohort, Dave Neiwert for regurgitating nonsense and purposefully helping to perpetuate the sham of partisan politics.

Next thing you know, we’ll see “liberals/lefties” coalesce behind tax incentives for solar-related corporations like First Solar and SunTech Power. Go liberals! Wait, isn’t that a conservative stance, to give welfare tax credits to big corporations…left and right is dead in the US today.

I’m going back to my apps now.

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