The Kevin Trudeau Show: 9-15-12
Today, Kevin gives you a story from the ‘Obama was wrong’ file and gives you a few tips on how to make a good first impression when applying for a job.
Self Help:
Change The Way You Think
Health:
Low Salt Diet Actually Increases Your Risk Of Heart Attack
Government:
Local Ice Cream Makers Face Shutdown By State
Illinois Shutting Down Ice Cream Maker For Using Fresh Fruit
How Much Does Michelle Obama Spend on Vacations With Taxpayer Money?
Worker Paid For 12 Years Without Ever Showing Up!
Wealth:
U.S. Economy Fails to Add Jobs
Sci-fi:
UFO Sightings Increase 67 Percent
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!
Washington Elite Spending Your Taxpayer Dollars on Psychics
April 9, 2012 by admin
Filed under News Stories
April 10, 2012
Wshington Post
By Lisa Rein
“As we use the KTRN crystal ball to look into the future, we see you losing more and more of your money to the government.” –KTRN
At the start of his mind-reading act, Bob Garner asked a federal employee for the name of his dead dog. He asked someone else to recall a person close to them who had passed away. Then he shared some of the messages the deceased sent from the other side.
Garner also tied a black blindfold around his eyes and asked the audience to pull out four items from their purses and pockets.
Each time, the self-described mentalist and “motivational speaker with a ‘WOW’ factor” was able to divine the truth. What he couldn’t predict was the outrage his $3,200, expenses-paid poolside gig would cause in Washington after his bill showed up on the General Services Administration’s $823,000 tab from a Las Vegas spending spree.
Garner, 51, has a shock of white hair, a fondness for business suits and pocket squares, and an intuition for what his magic act can bring to corporate America. He’s built a successful business on the meeting and trade-show circuit, where he makes employees feel they’re valued in a bad economy.
Click here for the full report.
Government Wastes Almost A Million Dollars In Vegas
April 6, 2012 by admin
Filed under News Stories
April 6, 2012
New York Times
By SHERYL GAY STOLBERG and MICHAEL S. SCHMIDT
“Is there is ever a time when the government should saving money, it’s now. We should all be outraged at this.” –KTRN
When a vast but little-known government agency spent $822,000 in taxpayer money to fly 300 bureaucrats to a luxurious spa and casino outside Las Vegas for a conference in October 2010, its leaders had a goal: to make it “over the top,” according to a government report that has set Washington abuzz.
But it was news of the conference entertainment — a clown and a mind reader — that prompted snickering on Tuesday across this city, which always savors a scandal. And with the snickering, there was a question: If they had a clairvoyant, how come nobody saw the backlash coming?
“Arrogance, immaturity, entitlement,” said Kenneth Donohue, who spent nearly a decade investigating cases of fraud and abuse as inspector general of the Department of Housing and Urban Development.
Plenty of people in Washington (and Las Vegas) were saying much the same on Tuesday, among them Representative John L. Mica, Republican of Florida, and Senator Claire McCaskill, Democrat of Missouri, both of whom lead committees that have been investigating the agency in question, the General Services Administration.
The G.S.A., as it is known, is essentially the government’s personal shopper for big-ticket items, like buying and leasing buildings and cars.
Heads rolled there on Monday — the top official, Martha Johnson, fired her top two deputies, and then resigned in disgrace — hours before the agency’s inspector general released a blandly titled “Final Management Deficiency Report,” whose contents were anything but bland about the conference at the M Resort Spa Casino. Its details — $58,808 for “audio visual services;” a “networking reception” where the fare included “Petit Beef Wellington” and 1,000 sushi rolls at $7 apiece; $147,000 for airfare and lodging; a $75,000 “bicycle building project” designed as a “team-building exercise” — were enough to prompt people in Las Vegas to wish, as the old saw goes, that what happened there would have stayed there.
EPA Providing Drinking Water To Fracking Victims Years Later
January 23, 2012 by admin
Filed under News Stories
January 23, 2012
AllGov
By Matt Bewig
In yet another case of drinking water contamination in areas where energy companies have engaged in the controversial practice of hydraulic fracturing, or fracking, the U.S. Environmental Protection Agency (EPA) is supplying clean water to some residents of Dimock Township, Pennsylvania (pop.: 1,398), at taxpayer expense.
Apparently concerned that the contamination may be more widespread, EPA will soon begin more extensive testing of the local water supply. In fracking, energy companies use powerful pumps to force pressurized fluid into deep layers of rock, causing fractures, which allow the extraction of otherwise unavailable natural gas or oil. In the case of Dimock, Cabot Oil and Gas began fracking operations in the area in 2006, and by January 2009, some locals were reporting methane bubbling out of their faucets and tap water actually catching fire, meaning that natural gas had contaminated the water. Although the Pennsylvania Department of Environmental Protection fined Cabot $120,000 for numerous violations and Cabot supplied drinkable water to local residents for a few months, the water has since become even more contaminated, not only with methane but also with dangerous levels of cancer-causing arsenic, as well as glycols and barium in at least four wells.
Click here for the full report from AllGov.
The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
October 20, 2011 by admin
Filed under News Stories
October 20, 2011
The Economic Collapse Blog
Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end. The word “derivatives” sounds complicated and technical, but understanding them is really not that hard. A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before. Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion. The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them “financial weapons of mass destruction”. For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down. When it does, we are going to be facing a derivatives crisis that really could destroy the entire global financial system.
Most people don’t talk much about derivatives because they simply do not understand them.
Perhaps a couple of definitions would be helpful.
The following is how a recent Bloomberg article defined derivatives….
Derivatives are financial instruments used to hedge risks or for speculation. They’re derived from stocks, bonds, loans, currencies and commodities, or linked to specific events such as changes in the weather or interest rates.
The key word there is “speculation”. Today the folks down on Wall Street are speculating on just about anything that you can imagine.
The following is how Investopedia defines derivatives….
A security whose price is dependent upon or derived from one or more underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. Most derivatives are characterized by high leverage.
A derivative has no underlying value of its own. A derivative is essentially a side bet. Usually these side bets are highly leveraged.
At this point, making side bets has totally gotten out of control in the financial world. Side bets are being made on just about anything you can possibly imagine, and the major Wall Street banks are making a ton of money from it. This system is almost entirely unregulated and it is totally dominated by the big international banks.
Over the past couple of decades, the derivatives market has multiplied in size. Everything is going to be fine as long as the system stays in balance. But once it gets out of balance we could witness a string of financial crashes that no government on earth will be able to fix.
The amount of money that we are talking about is absolutely staggering. Graham Summers of Phoenix Capital Research estimates that the notional value of the global derivatives market is $1.4 quadrillion, and in an article for Seeking Alpha he tried to put that number into perspective….
If you add up the value of every stock on the planet, the entire market capitalization would be about $36 trillion. If you do the same process for bonds, you’d get a market capitalization of roughly $72 trillion.
The notional value of the derivative market is roughly $1.4 QUADRILLION.
I realize that number sounds like something out of Looney tunes, so I’ll try to put it into perspective.
$1.4 Quadrillion is roughly:
-40 TIMES THE WORLD’S STOCK MARKET.
-10 TIMES the value of EVERY STOCK & EVERY BOND ON THE PLANET.
-23 TIMES WORLD GDP.
It is hard to fathom how much money a quadrillion is.
If you started counting right now at one dollar per second, it would take 32 million years to count to one quadrillion dollars.
Yes, the boys and girls down on Wall Street have gotten completely and totally out of control.
In an excellent article that he did on derivatives, Webster Tarpley described the pivotal role that derivatives now play in the global financial system….
Far from being some arcane or marginal activity, financial derivatives have come to represent the principal business of the financier oligarchy in Wall Street, the City of London, Frankfurt, and other money centers. A concerted effort has been made by politicians and the news media to hide and camouflage the central role played by derivative speculation in the economic disasters of recent years. Journalists and public relations types have done everything possible to avoid even mentioning derivatives, coining phrases like “toxic assets,” “exotic instruments,” and – most notably – “troubled assets,” as in Troubled Assets Relief Program or TARP, aka the monstrous $800 billion bailout of Wall Street speculators which was enacted in October 2008 with the support of Bush, Henry Paulson, John McCain, Sarah Palin, and the Obama Democrats.
Most people do not realize this, but derivatives were at the center of the financial crisis of 2008.
They will almost certainly be at the center of the next financial crisis as well.
For many, alarm bells went off the other day when it was revealed that Bank of America has moved a big chunk of derivatives from its failing Merrill Lynch investment banking unit to its depository arm.
So what does that mean?
An article posted on The Daily Bail the other day explained that it means that U.S. taxpayers could end up holding the bag….
This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.
This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input.
So did you hear about this on the news?
Probably not.
Today, the notional value of all the derivatives held by Bank of America comes to approximately $75 trillion.
JPMorgan Chase is holding derivatives with a notional value of about $79 trillion.
It is hard to even conceive of such figures.
Right now, the banks with the most exposure to derivatives are JPMorgan Chase, Bank of America, Goldman Sachs, Citigroup, Wells Fargo and HSBC Bank USA.
Morgan Stanley also has tremendous exposure to derivatives.
You may have noticed that these are some of the “too big to fail” banks.
The biggest U.S. banks continue to grow and they continue to get even more power.
Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets. Today, the top 10 U.S. banks control 77 percent of all U.S. banking assets.
These banks have gotten so big and so powerful that if they collapsed our entire financial system would implode.
You would have thought that we would have learned our lesson back in 2008 and would have done something about this, but instead we have allowed the “too big to bail” banks to become bigger than ever.
And they pretty much do whatever they want.
A while back, the New York Times published an article entitled “A Secretive Banking Elite Rules Trading in Derivatives”. That article exposed the steel-fisted control that the “too big to fail” banks exert over the trading of derivatives. Just consider the following excerpt from the article….
On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
So what institutions are represented at these meetings?
Well, according to the New York Times, the following banks are involved: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup.
Why do those same five names seem to keep popping up time after time?
Sadly, these five banks keep pouring money into the campaigns of politicians that supported the bailouts in 2008 and that they know will bail them out again when the next financial crisis strikes.
Those that defend the wild derivatives trading that is going on today claim that Wall Street has accounted for all of the risks and they assume that the issuing banks will always be able to cover all of the derivative contracts that they write.
But that is a faulty assumption. Just look at AIG back in 2008. When the housing market collapsed AIG was on the wrong end of a massive number of derivative contracts and it would have gone “bust” without gigantic bailouts from the federal government. If the bailouts of AIG had not happened, Goldman Sachs and a whole lot of other people would have been left standing there with a whole bunch of worthless paper.
It is inevitable that the same thing is going to happen again. Except next time it may be on a much grander scale.
When “the house” goes “bust”, everybody loses. The governments of the world could step in and try to bail everyone out, but the reality is that when the derivatives market comes totally crashing down there won’t be any government on earth with enough money to put it back together again.
A horrible derivatives crisis is coming.
It is only a matter of time.
Stay alert for any mention of the word “derivatives” or the term “derivatives crisis” in the news. When the derivatives crisis arrives, things will start falling apart very rapidly.
Click Here For The Full Report
You Are Giving Yourself Cancer
September 8, 2011 by admin
Filed under Kevin's Blog
Something caught my eye the other day and I wanted to share it with you because I know you aren’t hearing this information from the mainstream media. Here’s the headline: National Cancer Institute and American Cancer Society Skewered in New Book by Leading Cancer Expert. A new book by a leading cancer expert, Dr. Samuel Epstein, basically blasts the hell out of the National Cancer Institute and the American Cancer Society, and blames the organizations for America losing the war against cancer. The book is called, National Cancer Institute and American Cancer Society Criminal Indifference to Cancer Prevention and Conflicts of Interests. Epstein argues that the National Cancer Institute and the American Cancer Society have spent tens of billions of taxpayer dollars focusing on patentable treatments to the exclusion of spending any money on prevention, which has allowed cancer rates to skyrocket.
Now folks, I have to tell you something here about cancer. Right now there is a 50/50 chance you are going to get cancer. 50/50! And there is a 50/50 chance you are going to have heart disease. That means you almost have a 100% chance of getting cancer or heart disease. Let’s just stop there. Bottom line, you are going to get cancer, especially if you are 30-40 years old. The reason is, nobody is addressing the causes of cancer. Cancer doesn’t just magically appear in your body.
You have created a state in your body where cancer will proliferate. So, what is causing cancer to grow in your body?
Click here to find out what is causing cancer in your body and how to eliminate it: http://bit.ly/no61RI
Yours in health…
KT
The Kevin Trudeau Show: 9-2-11
Today, Kevin gives you a story from the ‘Obama was wrong’ file and gives you a few tips on how to make a good first impression when applying for a job.
Self Help:
Change The Way You Think
Health:
Low Salt Diet Actually Increases Your Risk Of Heart Attack
Government:
Local Ice Cream Makers Face Shutdown By State
Illinois Shutting Down Ice Cream Maker For Using Fresh Fruit
How Much Does Michelle Obama Spend on Vacations With Taxpayer Money?
Worker Paid For 12 Years Without Ever Showing Up!
Wealth:
U.S. Economy Fails to Add Jobs
Sci-fi:
UFO Sightings Increase 67 Percent
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!
Author Exposes Organizations for Losing War Against Cancer
June 14, 2011 by admin
Filed under News Stories
June 14, 2011
Natural News
Neev M. Arnell
A new book by leading cancer expert, Dr. Samuel S. Epstein, skewers the National Cancer Institute and American Cancer Society and blames the organizations for America losing the war against cancer.
In the book, “National Cancer Institute and American Cancer Society: Criminal Indifference to Cancer Prevention and Conflicts of Interest,” Epstein argues that the NCI and ACS have spent tens of billions of taxpayer and charity dollars focusing on treatment to the exclusion of prevention, which has allowed cancer rates to skyrocket, with the disease now affecting nearly one in two men and more than one in three women. Furthermore, the author claims that not only do numerous conflicts of interest exist within the NCI and ACS, but the NCI and ACS are also withholding a mass of information on avoidable causes of cancer.
Epstein, who has served as a consultant for the U.S. Senate Committee on Public Works, is an internationally recognized authority on avoidable causes of cancer, particularly carcinogen exposure through conduits such as food, air, water, household products, cosmetics, prescription drugs or industrial carcinogens in the workplace.
Click here to read the full report from NaturalNews.com.
The Kevin Trudeau Show: 3-14-11
Today, the all-seeing, Kevin Trudeau gives you his latest predictions about the economy. Find out how things are only getting worse and what you need to do to be prepared!
Self Help:
Protect Your Body
Emergency Preparedness
Nourishing Products
Keep Your Pet Healthy!
Health:
TSA To Retest Airport Body Scanners For Radiation
TSA Scanners Shred Human DNA
Creekstone Farms Recalls Ground Beef in 10 States Over E.Coli Fears
Coffee May Lower Stroke Risk in Women
Denture Adhesive Zinc Poisoning Problems Draw FDA Attention
Government:
U.S. Takes Over Three Tylenol Plants
Postal Service Set to Default on Its Federal Debts
California Taxpayers Pay Record Amount In Benefits to Children of Illegal Aliens
Guatemalans Sue Over 1940s US Syphilis Experiments
Inflation:
How to Cope With Rising Food Costs
Pepsi Faces Steep Input Price Inflation
Deception:
Foreclosure Activity Slows Sharply In February
Goodyear’s New CEO Sees Compensation Rise Even After Cuts
New Website Could Be a Nightmare for Consumer Products Companies
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, Freddie Mac Bailouts Could Hit $363 Billion
October 21, 2010 by admin
Filed under News Stories
October 21st, 2010
LA Times
By: Jim Puzzanghera
The taxpayer bailouts of housing finance giants Fannie Mae and Freddie Mac could more than double over the next three years to as much as $363 billion, according to government projections released Thursday.
The Federal Housing Finance Agency, which has regulated the former government-sponsored enterprises since they were seized during the financial crisis in 2008, said the figure was based on the worst of three scenarios for the economy and housing market that assumes a “deeper second recession.”
Under the best-case scenario, which would be a “stronger near-term recovery” in housing prices, the bailouts of Fannie and Freddie would reach $221 billion. The third scenario, in which housing prices continue on their current projections, would result in the combined bailouts reaching $238 billion.
But those figures don’t clearly reflect the actual cost to taxpayers of the bailouts because they include dividend payments to the government on the loans Fannie and Freddie have received. Those costs largely are double-counted as the companies must borrow taxpayer money to pay the dividends to the Treasury Department.
Excluding dividends, the pricetag for the bailouts would range from $142 billion in the best-case scenario to $259 billion in a deep double-dip recession.
So far, Fannie and Freddie have received about $148 billion in taxpayer money since they were seized by Bush administration officials and placed in government conservatorship. Taxpayers now own 79.9% of the two companies.
“These projections are intended to give policymakers and the public useful snapshots of potential outcomes for the taxpayer support of Fannie Mae and Freddie Mac,” said Edward J. DeMarco, FHFA’s acting director. “These are not predictions; the results reflect the potential effects of a limited set of hypothetical changes in house prices, a key variable driving credit losses for the enterprises.”
DeMarco told a House subcommittee last month that taxpayer losses from Fannie and Freddie likely wouldn’t top $400 billion, as some have feared, but did not provide specific data. In December, concerns mounted about the potential cost of the bailouts after the Obama administration lifted a $400-billion cap through 2012.
Officials said they did so to provide certainty to the real estate market that the government would stand behind the agencies as lawmakers and the White House began wrestling with their future. Many Republicans have blamed Fannie and Freddie for triggering the subprime mortgage problems and complained that the recently enacted financial reform law did not deal with the future of the two entities.
But the law did call for the administration to produce a plan by January, and Congress has been conducting hearings on the fate of Fannie and Freddie and the broader question of government involvement in the housing finance market.
Fannie Mae and Freddie Mac are almost singlehandedly keeping the housing finance market going as investors have fled because of the financial crisis and deep recession. Together, they hold about $1.6 trillion worth of mortgage loans.
The additional projected losses would come from further eroding of the value of loans, particularly subprime mortgages, that Fannie and Freddie bought before the government seizures, the FHFA said.
