The Kevin Trudeau Show: 6-9-12

Today, the director of Farmageddon, Kristin Canty, stops by to give you the inside story on what really happened during the Rawesome Foods raid and why her documentary is so important for every American to see! Plus, Thomas James of HempUSA.org stops by to discuss the amazing health benefits you could receive just by consuming hemp products on a regular basis.

Self Help:
Detoxify Your Body
Weight Loss Cure
Protect Yourself & Your Family

Health:
How Safe Are the Drugs in Your Medicine Cabinet?
Diet Sabotage: Nearly 1 In 5 Calorie Counts Wrong
Cargill Recalls Potentially Tainted Turkey
Study Shows That Hospitals Are More Dangerous Than Flying
Why ’100% Orange Juice’ Is Still Artificial
Prince Charles Branded a ‘Snake Oil Salesman’

Government:
Congress To Form The Debt “Super Committee”

Wealth:
Food Stamp Use Rises to Record 45.8 Million
Dow Plunges 500 Points
Global Stocks Tumble After U.S. Selloff
How to Survive the Stock Market’s Wild Ride
10 Signs The Double-Dip Recession Has Begun

Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

Soros Warns of ‘Riots,‘ ’Brutal’ Clampdowns & Possible Total Economic Collapse

January 27, 2012

Yahoo News

By The Blaze

George Soros is no stranger to Blaze readers. The billionaire currency speculator and philanthropist has long been in the news, especially since the fateful day in 1992 when he helped crash England’s economy. In fact, since that day, he has been commonly referred to as “the man who broke the bank of England.”

Soros is shrewd, he has a keen eye for investments, and he knows how to play the markets. Therefore, when he makes a prediction, it might be safe to say it’s worth a listen. After all, his predictions (among other things) have made him the multi-billionaire he is today.

So you might want to pay attention to a recent story from The Daily Beast that claims George Soros is nervous about the future of the global economy and that he warns of dark things to come.

“At times like these, survival is the most important thing,” Soros said.

As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil,” writes the Beasts’ John Arlidge. “Europe is confronting a descent into chaos and conflict. In America [Soros] predicts riots in the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties [emphases added]. The global economic system could even collapse altogether.”

And to add a little color, Aldridge notes Soros says it all while “peering through his owlish glasses and brushing wisps of gray hair off his forehead.”

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros told Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

As mentioned in the above, and as The Daily Beast points out, Soros’ warning is probably based on his natural market instincts as well as personal experience.

Click here for the full report.

Denial, Delusion and MSM Disinformation

November 7, 2011

USA Watchdog

By Greg Hunter

What is going on in the world today is both frightening and historic. It is frightening because the amount of debt accumulated is orders of magnitude more than ever before. It is historic because the way this finally shakes out will be considered a major turning point in modern history. I see this, but most people in the world are either in denial, delusional or just a victim of disinformation by the mainstream media (MSM). If you read this site often, you know I heavily source what I write about. I do this because I want people to have solid information and analysis. For example, just last week, a Morgan Stanley analyst named Joachim Fels sent a research note out to clients that talked about the EU sovereign debt crisis. Here is part of what Mr. Fels said, “This past week, by raising the possibility that a country might (be forced to) leave the euro, core European governments may have set in motion a sequence of events which could potentially lead to runs on sovereigns and banks in peripheral countries that make everything we have seen so far in this crisis look benign.” (Click here to read the entire story from Zerohedge.com.)

This Morgan Stanley analyst is taking about bank runs and is painting a calamitous picture of the EU sovereign debt problem. I believe that most people haven’t a clue about what is going on and how their lives are going to change for the worse. If they do, then they just refuse to believe that the government will let anything bad happen. I got a comment from a reader by the name “In4mayshun” on a post I wrote last week titled “Two Financial Nukes Explode.” It was about MF Global and Greece. Both situations are far from over and sorted out. The comment is below:

“Greg,

While I appreciate the time and research you put into the article, I feel it is a little over dramatic. At first you equate the bankruptcy of MF Global to a financial nuclear explosion, and then you reduce it to a canary in a coal mine. Well which one is it? I think this is why so many main stream individuals dismiss alternative media as dooms-dayers, always claiming the sky is falling. To a point this is accurate. Anyone with a brain can see that our financial system is slowly crumbling, but it could take 10-20 years for this thing to play out. Meanwhile, you have everyone with a blog forecasting the next financial apocalypse. Pretty soon, no one takes any forecast seriously.

I’m not trying to criticize, just saying…something to think about.”

Click here for the full report.

The Kevin Trudeau Show: 8-13-11

Today, the director of Farmageddon, Kristin Canty, stops by to give you the inside story on what really happened during the Rawesome Foods raid and why her documentary is so important for every American to see! Plus, Thomas James of HempUSA.org stops by to discuss the amazing health benefits you could receive just by consuming hemp products on a regular basis.

Self Help:
Detoxify Your Body
Weight Loss Cure
Protect Yourself & Your Family

Health:
How Safe Are the Drugs in Your Medicine Cabinet?
Diet Sabotage: Nearly 1 In 5 Calorie Counts Wrong
Cargill Recalls Potentially Tainted Turkey
Study Shows That Hospitals Are More Dangerous Than Flying
Why ’100% Orange Juice’ Is Still Artificial
Prince Charles Branded a ‘Snake Oil Salesman’

Government:
Congress To Form The Debt “Super Committee”

Wealth:
Food Stamp Use Rises to Record 45.8 Million
Dow Plunges 500 Points
Global Stocks Tumble After U.S. Selloff
How to Survive the Stock Market’s Wild Ride
10 Signs The Double-Dip Recession Has Begun

Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

The Kevin Trudeau Show: 8-3-11

Today, Kevin explains why he and Prince Charles have been labeled as “snake oil salesmen.” Plus, Thomas James of HempUSA.org stops by to discuss the amazing health benefits from eating hemp protein, seeds, and other products. Call 908.691.2608 for more information on his products.

Self Help:
Detoxify Your Body
Weight Loss Cure
Protect Yourself & Your Family

Health:
Prince Charles Branded a ‘Snake Oil Salesman’

Everything Kevin:
Become An Insider!
Support Kevin!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club

Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!

Click below to watch the Kevin Trudeau Show!

Fannie Mae and Freddie Mac Paid to Help Run TARP

October 14th, 2010

TheHill.com

By: Silia Brush

The Treasury Department has paid $437 million to Fannie Mae, Freddie Mac and private contractors to help run the Wall Street bailout program, a congressional oversight panel said in a report Thursday.

The Congressional Oversight Panel said some of the 96 private contracts for the $700 billion bailout, known officially as the Troubled Asset Relief Program (TARP), raise “significant concerns” and potential conflicts of interest that limit the public’s understanding of the program.

“The vast majority of people working on the TARP today receive their paychecks from private companies, not the federal government,” the report said.

Fannie and Freddie have received about $240 million, or more than half of the money paid to outside contractors to help administer TARP, according to the report. The two companies were bailed out by the government in 2008 and continue to rely on taxpayer support.

Fannie currently employs 600 people working on TARP, compared with Treasury’s 220 employees working on the program, according to the report, which said the companies “have a history of profound corporate mismanagement.”

Treasury Secretary Timothy Geithner and Obama administration officials have recently praised the TARP program for helping to stabilize the financial system following the worst crisis since the 1930s.

Mark Paustenbach, Treasury Department spokesman, defended the department’s use of private contractors.

“In late 2008, Treasury had to stand up a major new initiative that helped stabilize the financial markets and began the process of economic recovery,” Paustenbach said in a statement. “Treasury’s demand for skills, resources and expertise was urgent and we quickly needed qualified assistance. At the same time, our contracting process remains open and transparent.”

Click here for the full report from TheHill.com

Confirmed: Bailouts Helped Foreign Firms

August 12, 2010

AP News

by Marcy Gordon

The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries’ financial rescue plans did on the U.S., according to a new report from a congressional watchdog.

Billions of dollars in U.S. rescue funds wound up in big banks in France, Germany and other nations. That was probably inevitable because of the structure of the Treasury Department’s program, the Congressional Oversight Panel says in a new report issued Thursday.

The U.S. program aimed to stabilize the financial system by injecting money into as many banks as possible, including those with substantial operations overseas. Most other countries, by contrast, focused their efforts more narrowly on banks in their nations that usually lacked major U.S. operations.

But the report says that if the U.S. had gotten more data on which foreign banks would benefit the most, the government might have been able to ask those countries to share some of the cost.

“There were no data about where this money was going,” panel chair Elizabeth Warren said in a conference call with reporters on Wednesday. “The American people have a right to know where the money went.”

An example: Major French and German banks were among the biggest beneficiaries of the U.S. rescue of American International Group Inc., yet the American government shouldered the entire $70 billion risk of pumping capital into the crippled insurance titan. The report compares that with the $35 billion that France spent on its overall financial rescue program and the $133 billion that Germany spent.

Much of the $182 billion in federal aid to AIG – the biggest of the government rescues – went to meet the company’s obligations to its Wall Street trading partners on credit default swaps, a form of insurance against default of securities. The partners included French banks Societe Generale, which received $11.9 billion in AIG money, and BNP Paribas, which got $4.9 billion, and Germany’s Deutsche Bank, $11.8 billion.

Of the 87 banks and financial entities that indirectly benefited from the U.S. aid to AIG, 43 are foreign, according to the report. In addition to France and Germany, they include banks based in Canada, Britain and Switzerland.

In addition to AIG, many of the U.S. banks and automakers that received billions in bailout aid derive a large proportion of their revenue from operations outside the U.S., the report noted.

The watchdog panel was created by Congress to oversee the Treasury Department rescue program that came in at the peak of the financial crisis in the fall of 2008. It has said it’s unclear whether U.S. taxpayers will ever fully recoup the cost of the AIG bailout. The Congressional Budget Office estimates that taxpayers will lose $36 billion.

Although the law creating the U.S. rescue program called for Treasury to coordinate its actions with similar efforts by foreign governments, “the global response to the financial crisis unfolded on an … informal, country-by-country basis,” the new report says. “Each individual government made its own decisions based on its evaluation of what was best for its own banking sector and for its own domestic economy.”

The U.S. program wound up injecting capital into around 700 banks, while all other governments combined aided fewer than 50, according to the oversight panel.

At the same time, the report suggests that the Treasury program, known as the Troubled Asset Relief Program, or TARP, may have played a constructive role.

“It appears that the existence of the TARP might have served to enhance the negotiating position of the U.S. government (at least in a limited way), as it demonstrated the willingness of U.S. officials to be aggressive and forceful in committing a significant amount of resources to confront a deepening crisis,” the report says.

Treasury Department spokesman Mark Paustenbach said the report “shows that Treasury worked effectively with its overseas partners in a number of ways to address the global financial crisis.”

The report says the financial crisis revealed the need for an international plan “to handle the collapse of major, globally significant financial institutions.”

Click here to read the full report

US Financial System Begging For $76 Billion More

July 30, 2010

Bloomberg

by Sandrine Rastello

The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.

The findings, released today as part of a broader IMF report on the U.S. financial system, suggested that while the nation’s banking system is stable, it remains vulnerable. Home prices, commercial real estate loans and economic growth have the potential to cause shocks that could expose banks to more losses.

Under one scenario, small and regional banks as well as subsidiaries of foreign banks would need $40.5 billion in additional capital to meet a benchmark capital ratio of 6 percent Tier 1 common equity from 2010 to 2014. Under the adverse scenario, those needs rise to $76.3 billion, according to the report.

“Pockets of vulnerabilities linger,” the fund said in the report. The U.S. is recovering from what the IMF called “one of the most devastating financial crises in a century.”

Because the economic recovery is proceeding slowly, regulators must be especially vigilant in guarding against risks and weak spots, the report said.

The IMF also renewed its call for the Obama administration to push ahead with changes to Fannie Mae and Freddie Mac, the government-sponsored enterprise housing companies. The report suggested a partial privatization strategy, in which the government would take over the GSEs’ public housing mission while privatizing investment operations.

Regulators’ Role

The IMF stopped short of recommending recapitalizing the banks it studied in the report. Instead, it urged regulators to monitor conditions, especially for smaller institutions with less market access.

The numbers “are not frightening,” said Christopher Towe, the IMF’s deputy director of monetary and capital markets who directed the assessment. The review process was created in the wake of the Asian crisis, and the U.S. is the first major economy to undergo it since the global financial turmoil.

“We are particularly concerned about the situation among the small and medium-sized banks, which are most heavily exposed to the commercial real estate sector,” he told reporters in a press briefing yesterday.

The IMF said second-quarter results underscore the balance- sheet risks identified by the stress tests. “Initial releases of second-quarter earnings results have been disappointing,” the IMF report said.

Real Estate

The IMF said about $1.4 trillion of commercial real estate loans will mature from 2010 to 2014, almost half of which are already “seriously delinquent,” with payments 90 days or more past due, or “underwater,” with loan values exceeding property values. Home prices are another concern, as are the spillover effects if problems intensify as they spread among institutions.

U.S. regulators will need to step up their efforts to coordinate oversight after the Dodd-Frank legislation that President Barack Obama signed this month, the IMF said. The report generally praised the new law, while also flagging ongoing concerns.

“In some areas we were a little bit disappointed,” Towe said. “We see the system of regulatory agencies as still remaining exceptionally complex with a very large number of agencies involved and we would have preferred to have seen a much more bold streamlining.”

Click here to read the full report

SEC Staffers ‘Hard At Work’ As Economy Crashes

April 23, 2010

WashingtonPost.com

by Daniel Wagner

Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.

The SEC’s inspector general conducted 33 probes of employees looking at explicit images in the past five years, according to a memo obtained by The Associated Press.

The memo says 31 of those probes occurred in the 2 1/2 years since the financial system teetered and nearly crashed.

The staffers’ behavior violated government-wide ethics rules, it says.

It was written by SEC Inspector General David Kotz in response to a request from Sen. Charles Grassley, R-Iowa.

The memo was first reported Thursday evening by ABC News. It summarizes past inspector general probes and reports some shocking findings:

- A senior attorney at the SEC’s Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office. He agreed to resign, an earlier watchdog report said.

- An accountant was blocked more than 16,000 times in a month from visiting websites classified as “Sex” or “Pornography.” Yet he still managed to amass a collection of “very graphic” material on his hard drive by using Google images to bypass the SEC’s internal filter, according to an earlier report from the inspector general. The accountant refused to testify in his defense, and received a 14-day suspension.

- Seventeen of the employees were “at a senior level,” earning salaries of up to $222,418.

- The number of cases jumped from two in 2007 to 16 in 2008. The cracks in the financial system emerged in mid-2007 and spread into full-blown panic by the fall of 2008.

California Rep. Darrell Issa, the top Republican on the House Committee on Oversight and Government Reform, said it was “disturbing that high-ranking officials within the SEC were spending more time looking at porn than taking action to help stave off the events that put our nation’s economy on the brink of collapse.”

He said in a statement that SEC officials “were preoccupied with other distractions” when they should have been overseeing the growing problems in the financial system.

Click here for the full report

Americans Deserve Transparent Fed

November 20, 2009

The Wall Street Journal

By Ron Paul and Jim Demint

For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed’s unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed’s financial transactions.

While the Fed is more transparent now than it was 20 or 30 years ago, there is still a long way to go. If the Fed were fully transparent, organizations such as Bloomberg and Fox News wouldn’t have to sue its board of governors to receive materials that should be available through Freedom of Information Act requests. These include information on which banks and companies received loans and for what amounts after the 2008 financial meltdown.

One puzzling assertion made by the Fed and its supporters is that the Federal Reserve has some sort of independence from the government and independence in undertaking monetary policy. Nothing could be further from the truth. The Federal Reserve is a government-created banking monopoly, and its top decision makers are appointed by the president and confirmed by the Senate. If they do not perform satisfactorily in the eyes of politicians, they will not be renominated.

The Fed has also, for the past three decades, been required to engage in monetary policy with the goal of maintaining stable prices and full employment. Since the natural trend over time is for prices to decrease, a mandate to maintain stable prices is a mandate to pursue an expansionary monetary policy and inflate the money supply to counteract the lower prices we would expect from increased productivity.

The Fed chairman is required to appear twice a year before Congress to explain the Fed’s actions, and how the Fed is complying with its mandates of stable prices and full employment. However, the idea that this constitutes any sort of oversight is laughable.

Each congressman who questions the chairman receives only a few minutes in which to ask questions and receive answers. Having been on the receiving end of Alan Greenspan’s notoriously obtuse “Greenspan-Speak” answers and Ben Bernanke’s similarly convoluted statements, we can assure you that the process is completely ineffective at getting any real answers.

No matter how direct the questions are, Fed chairmen answer with a vagueness common to bureaucrats. The whole process is window dressing for public consumption, not any sort of attempt to exercise oversight or gain any real insight into the Fed’s actions.

What is needed is a full audit of the Fed, something that has never happened. We need to know who the Fed is giving money to, what types of securities are being purchased and what backs those securities, how much money is being paid for those securities, etc.

Click here for full report

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