The Beginning Of The End
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Thousands Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election

On social media websites such as Twitter and Facebook, thousands of threats of violence were posted by supporters of Barack Obama on the evening prior to the election.  If you doubt this, just go on Twitter and do a search for keywords such as “Romney riot”, “assassinate Romney” and “if Romney wins”.  We have seen very serious threats of violence against Mitt Romney and his supporters for weeks, but little action has been taken to shut these threats of violence down, and now they are reaching a crescendo as we reach election day.  At the moment, law enforcement authorities and the mainstream media do not appear to be taking these threats of violence very seriously, but they should.  Just look at what happened when the San Francisco Giants won the World Series.  Horrible rioting broke out in San Francisco and a city bus was even set on fire.  But that little bit of rioting is nothing compared to what could happen on a nationwide basis if Mitt Romney wins this election – especially if there are allegations that Romney stole the campaign.  If Romney is victorious, expect to see allegations of “voter fraud” and “election fraud” from the other side.  If there is a belief that the Republicans “cheated” (whether true or not), this would provide all of the justification that those out committing violence would need.  Many of them would actually consider themselves to be “standing up for democracy” or “fighting for their rights”.  Hopefully the scenario that I just outlined will not play out.  Hopefully Obama supporters will be calm if Romney is declared the winner.  But we would be very foolish to ignore the thousands upon thousands of threats that we have seen over the past few weeks.

This is a topic I have written about before, and I received quite a bit of criticism for writing about it.  Apparently supporters of Barack Obama should be allowed to endlessly spew out threats of physical violence against Mitt Romney and his supporters and nobody is ever supposed to say anything about it.

Yes, there are a lot of Republicans that are saying some very cruel things about Barack Obama, but people know that if you make a physical threat against Barack Obama you are likely to get a visit from the Secret Service.

Apparently the same thing does not apply to threats against Mitt Romney.  Every single hour, large numbers of physical threats directed at him and his supporters continue to pour in.  If these people mean just a small fraction of what they are saying, we are going to see American cities burn if Romney wins.

Most of the examples that I could have included below I decided not to post because of the vulgar language used.  A lot of children will end up reading this, and so I decided to try to keep it as clean as possible.

The following are just a few examples of some of the “cleaner” threats of physical violence and rioting that have been posted on Twitter just tonight…

If obama doesn not win im gonna go burn down every house who has mitt romney signs outside their house! (Link)

If mitt Romney win tomorrow, point blank, we might just start a riot ! # Team Obama tho, so I got faith in our president. (Link)

If Romney wins, we gona start a riot (Link)

if Obama wins i will burn every romney sign in breezewood! (Link)

I always wanted to be in a Riot , and if Romney wins my dream might come true. (Link)

If Mitt Romney wins; I might go around blowing heads off (Link)

RT @Ska_Supernova: If romney win imma start a riot! (Link)

Lol but if you go for Mitt Romney i’m not going to burn you alive because that’s whatever you believe in. I’m #teamobama tho (Link)

Romney better start digging his grave cuz if he become president somebody might assassinate him..ALL BLACKS AND MIDDLE CLASS GONE TURN UP!!! (Link)

I would personally assassinate Mitt Romney if he wins… but I think Al Qaeda will beat me too it! (Link)

If Romney gets elected I’m going to burn down the White House so he doesn’t have a home (Link)

Trust me, it gets a lot worse than what you just read.  You can see more threats against Romney and his supporters from recent days in this article right here.  But please be warned, some of the language used is quite shocking.

Of course many in the mainstream media insist that we don’t even have to worry about what might happen if Romney wins because Obama “has it all locked up”.

For example, as I am writing this Nate Silver of the New York Times is projecting that Barack Obama has a 92.2% chance of winning the election.

Other publications are expressing similar sentiments.  An article on Business Insider today had the following headline: “Either The Polls Are All Wrong, Or Mitt Romney Doesn’t Really Have A Viable Path To Win The Election“.

I honestly don’t know how people get paid to write that kind of stuff.  This election is super close and it has been for months.  According to the latest Gallup tracking poll, Mitt Romney has a one point lead over Barack Obama with likely voters.  A lot of people on both sides are proclaiming that it will be a landslide for their guy, but I simply do not see it that way.

This is going to be close.  In fact, we may not have a winner on Tuesday night.  In fact, if it goes into the courts we may not have a winner for weeks.

We could very easily end up with another Bush v. Gore scenario.  Only this time it might tear the entire nation apart.  Obama and Romney both have hordes of lawyers ready to roll, and neither of them would hesitate to contest the results of the election if there is still a realistic chance of winning.

The funny thing is that it really does not matter that much which candidate wins anyway.  Our nation has been going downhill for decades no matter who has been in the White House, and it will continue to go downhill under either Obama or Romney.  When you take a very close look at their policy positions, they actually agree far more than they disagree, and no matter who wins this race the next four years are going to be worse for America than the last four years have been.

But like so many millions of other Americans, I find election night to be absolutely fascinating.  So I will be glued to my television just like so many other Americans will be.

And I think that a number of states will end up being much closer than most people originally thought that they would be.

For example, I believe that Romney has a very real shot of winning Pennsylvania and Wisconsin.  I am not predicting that he definitely will win those states, but he does have a legitimate chance.

Romney might even make things interesting in Minnesota, although that is more of a long shot.

It should be very interesting to see how it all plays out.

Many Americans are happy that this election season will soon be over, but unfortunately this election should not really be viewed as the end of something.  Rather, I believe that it will be the beginning of a disturbing new chapter in American history.

A whole host of polls and surveys have shown that the American people are angrier today than just about at any other point since World War II.  In recent months, this anger and frustration have been bottled up as people have waited for election day.  Right now, true believers on both the red team and the blue team are optimistic about the future because they are totally convinced that they are going to win this election.

But when a winner is finally announced, close to half the country is immediately going to be bitterly disappointed.  And then when things continue to get worse in this country despite “their guy” winning, the winning side is not going to be so pleased either.

This election could end up being the “release point” for a lot of the anger and frustration that have been building up in this country for a very long time.  You can almost feel the tension in the air.  All it is going to take is just the right “spark” to set it off.

If you have any political signs in your yard or any political bumper stickers on your car, you might want to start taking them down – especially if you live in a densely populated area.  Hopefully cooler heads will prevail, but I wouldn’t count on it.  There is just so much hate and anger out there right now.

So pray for peace, but also watch your back.

Somebody Should Start The ‘Stuff Costs Too Much’ Party

Stuff costs too much.  Seriously.  Every time I go to the grocery store these days, I am absolutely horrified by the prices.  I try not to buy anything that is not on sale, but the problem is that I am discovering that the new sale prices are the old regular prices.  So now paying what used to be “full price” is supposedly a “good deal”.  The other way that they are trying to hide rising prices is by shrinking package sizes.  As if we wouldn’t notice that a box of 21 garbage bags is now being sold for the exact same price that a box of 25 garbage bags used to be sold for.  It is one of my pet peeves.  I feel like I am in the middle of some bizarre movie entitled “The Incredible Shrinking Dollar”.  Sadly, I am far from alone.  There are millions upon millions of American families that are seeing their expenses continue to rise even as their paychecks remain the same.  But neither Barack Obama nor Mitt Romney seems very concerned about inflation.  In fact, the Federal Reserve, QE3 and Ben Bernanke were not even mentioned in any of the three presidential debates.  So I think that somebody should start the “Stuff Costs Too Much” Party.  Inflation is a tax which is destroying the value of each dollar that we hold a little bit more every single day, and the American people deserve to know the truth about what is going on.

In this day and age, it simply does not pay to put money into long-term savings.  When you finally pull your money out it will have far less purchasing power than it originally did.

Way back in 1950, you could buy a first-class stamp for just 3 cents and you could buy a gallon of gasoline for about 27 cents.

Wouldn’t it be great if you could still get a gallon of gasoline for 27 cents?

But we don’t have to go all the way back to 1950 to find low prices.  All we have to do is go back ten years.

A recent article by Benny Johnson detailed how the prices of many of the things that we buy on a regular basis absolutely soared between 2002 and 2012.  Just check out these price increases…

Eggs: 73%

Coffee: 90%

Peanut Butter: 40%

Milk: 26%

A Loaf Of White Bread: 39%

Spaghetti And Macaroni: 44%

Orange Juice: 46%

Red Delicious Apples: 43%

Beer: 25%

Wine: 60%

Electricity: 42%

Margarine: 143%

Tomatoes: 22%

Turkey: 56%

Ground Beef: 61%

Chocolate Chip Cookies: 39%

Gasoline: 158%

So what will the next ten years bring?  Unfortunately, we are already being told that it looks like inflation is going to start accelerating.  A recent CNBC article started this way…

Consumers will have to dig deeper into their pockets next year to pay for costlier health care, more expensive grocery bills and higher taxes, an extra drag on the country’s already slow-moving economy.

That is not what millions of struggling American families need to hear right about now.

Their bills just keep going up but their paychecks are not keeping pace.

Have you noticed that almost everything that we spend money on just keeps rising year after year?

According to USA Today, in some areas of the country water bills have actually tripled over the past 12 years.

Has your paycheck tripled?

Electricity bills in this country have risen faster than the overall rate of inflation for five years in a row.

Winter is a really bad time for power bills.  Millions of struggling families will set their thermostats very low this winter and yet will still be slammed with absolutely outrageous bills.

Of course just about every type of insurance is going up faster than the overall rate of inflation.

Have you gotten a price increase notice in the mail lately?

I have.

The price of health insurance in particular has soared in recent years.  Health insurance premiums increased faster than the overall rate of inflation in 2011 and that is happening once again in 2012.

All of these price increases are pushing many American families to the breaking point.

But Federal Reserve Chairman Ben Bernanke insists that there is very little inflation right now, and he has government statistics to back his assertions up.

Of course the way that the government calculates inflation has changed more than 20 times since 1978, but Bernanke never mentions that.

According to John Williams of shadowstats.com, if inflation was measured exactly the same way that it was back in 1990, the official inflation rate would be about 5 percent right now.

The American Institute for Economic Research says that inflation is even high than that right now.  According to them, the real rate of inflation was about 8 percent last year.

Meanwhile, household incomes are actually going down all over America.

Even though we are supposedly in the midst of an “economic recovery”, median household income has declined for four years in a row.

Overall, median household income has declined by more than $4000 over the past four years.

Incomes are going down and prices just keep on rising.

So how are families adjusting?

Well, many of them are spending less.  One survey found that 62 percent of all middle class Americans have had to reduce household spending over the past year.

Others are going into increasing amounts of debt in an attempt to survive from month to month.

Inflation has become a way of life in America.  But what could make it a whole lot worse is if a nationwide crisis suddenly disrupted the normal operation of the economy.  If that happened, we would see price gouging happen literally overnight.  Just check out what one article that was posted on CNBC said happened in the aftermath of Hurricane Sandy…

Four dollars for a can of coke. Five hundred dollars a night for a hotel in downtown Brooklyn. A pair of D-batteries for $6.99.

These are just a few of the examples of price hikes I or friends of mine have personally come across in the run-up and aftermath of hurricane Sandy.

So you might want to use your extra dollars right now.  They are never going to be more valuable than they are today, and in the event of a major disaster they might lose value very, very rapidly.

Unfortunately, millions of American families don’t have any extra money at all.  Many of them have been slowly worn down by this economy and are now just desperately trying to survive.  The following is what one reader shared in a comment following one of my recent articles

There is one thing you should know about poverty: it is crushing! It crushes the spirit first and foremost, then it crushes the idea of dreams because people in extreme poverty don’t see a way out when they barely have enough to eat let alone get ahead in life.
So, by offering a hand up to those in poverty, we relieve a bit of that pressure…just enough so that their basic needs are met. Once those needs are met, those in poverty can start to see “LIGHT”, something hard to see when being crushed by the pressures and hardships of poverty.

I know of what I speak; I was once living an upper middle-class life and enjoyed all the trappings of material and financial successes.

However, an accident caused that life as I knew it to end in a moment. I’m no longer able to work and for the past few years have barely been able to feed myself.

When I became homeless in 2010, I felt suicidal. My lowest moment was holding a sign asking for help very near the 6 bedroom home I once lived.

Don’t think that it can’t happen to you.  What would you do if you suddenly lost your job and could not find another one?  Would you be able to survive?

Just because you are living a middle class lifestyle today does not mean that you will be in the same position a year from now.  The truth is that everything in your life can change in a single day.  The following is from a comment that one of my readers named Kimberly left recently

My husband lost his job of 20+ years to cut backs roughly 3 years ago, 8 months later his health declined of which I attribute to the depression he went through at not being able to find employment. I went back into the work force, or I should say tried… I’m a nursing assistant by trade but no nursing homes are hiring because the families are pulling their loved ones out because they cannot afford to keep them there, hospitals are not hiring because what jobs there are in my field go to nurses awaiting a nursing job and I’m sure my age (53) plays a role in it too. The closest hospital to us just announced it will be closing it’s doors on the 31 because despite it’s tries it cannot afford to remain open under Obamacare.

We have in the last couple years armed ourselves with a gun, started a garden and now do serious couponing to stock pile for emergencies which seem more and more each day are coming. We have dropped from a life lived on 65,000 – 75,000 a year to living on under 23,000 a year. We have made cut backs in every area of life and hope for the best.

We go to bed at night worried about tommorow, next week and next year .. you feel anxious all the time and panic attacks come more frequently with each passing day. I love the Lord with all my heart and I know He is in control, but am just human and one cannot stop the feelings that wash over them.

I have children and grandchildren and am scared to death what faces them in the coiming years. We all lived in within miles of each other until my children lost their jobs and could find nothing here in Mobile, Al. so they moved to Texas and have found at least some work… something is better than nothing you know. We are hundreds of miles apart now and rarely get to see them as gas is also so very high. I have a grand daughter I have never met because we cannot afford the trip and neither can they.

The U.S. economy has never even come close to recovering from the last economic downturn.  If you doubt this, just read this article.  Now the next economic crisis is rapidly approaching us.

If you think that the economic pain and suffering in this country are bad now, just wait.

We haven’t seen anything yet.

Things are going to get much, much worse.

Obama And Romney Both Favor A One World Economic System That Kills American Jobs

Either way this election turns out, American jobs are going to continue to get slaughtered by the millions.  During this campaign, Mitt Romney and Barack Obama have both attempted to portray each other as the “outsourcer in chief“.  Unfortunately, they are both right.  Barack Obama and Mitt Romney have both participated in the outsourcing of American jobs, and both are openly admitting to the American people that they favor the emerging one world economic system which will continue to destroy millions of American jobs.  In fact, they argue with each other about which of them will be more aggressive in pursuing more “free trade” agreements over the next four years.  Unfortunately, the “free trade” agreements that the U.S. government enters into are never “fair trade” agreements.  As a result, over the past decade we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of national wealth.  This year alone, we will buy about half a trillion dollars more stuff from the rest of the world than they will buy from us.  This trade deficit will be about 7 times larger than the trade deficit of any other nation on earth.  Our economy will continue to bleed jobs at a horrifying pace, but Obama and Romney insist that the answer to our problems is even more “free trade”.  What makes all of this even more dreadful is that most Americans continue to fall for this nonsense.

It doesn’t take a genius to figure out that merging our labor pool with the labor pools of nations where it is legal to pay slave labor wages was going to kill American jobs and drive down wages for the jobs that remain in the United States.

Why should some giant predator corporation pay you 15 dollars an hour plus benefits when they can pay a worker on the other side of the planet a dollar an hour with no benefits to do the same job?

During the second presidential debate, when Obama was asked why high tech products such as the iPhone could not be made here in the United States, Obama openly admitted that there are some jobs that aren’t ever going to come back.

But why does that have to be so?

Why can’t those jobs come back to America?

It seems to me that if you cracked down on nations that are cheating such as China, imposed a system of common sense tariffs and cut the corporate tax rate to a level more consistent with the rest of the world that you could get a lot of those jobs flooding back in by the end of next year.

But Obama is so blinded by his faith in the emerging one world economy that such measures are unimaginable to him.

In recent years, the Obama administration has entered into new “free trade” agreements with Panama, South Korea and Colombia.  In addition, the Obama administration is making the Trans-Pacific Partnership (“the NAFTA of the Pacific“) a very high priority.

Considering what a nightmare the first NAFTA was, do we really need another one?

The Trans-Pacific Partnership is a treaty that would essentially ban all “Buy American” laws.  It is being touted as one of the most comprehensive “free trade” agreements in history, and it would open up the door for millions more good jobs to be shipped out of the country.

The workers of America simply cannot afford another four years of Barack Obama.

In fact, the Obama administration has actually spent billions of taxpayer dollars to create jobs in other countries.  The following is from a pro-Republican website

Over his four years in office, Obama promised that he would focus on creating “jobs that pay well and can’t be outsourced.” However, as he racked up trillions in new debt, billions of dollars did go to create jobs that were outsourced or spent overseas. Whether it is electric cars made in Finland or solar panels in Mexico, taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren’t created in the United States.

You can get all the details right here.  Needless to say, the Obama administration has been an absolute disaster on these issues.

So would Romney be an improvement when it comes to trade?

That is very doubtful.

The truth is that Mitt Romney was involved in outsourcing jobs while he was at Bain Capital.  The following is from a recent article posted on Forbes.com

David Corn of Mother Jones reports that “according to government documents . . . Romney, when he was in charge of Bain [Capital], invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.”

This didn’t happen after 1999, when Mitt Romney says he left Bain Capital to run the Salt Lake City Olympics (Corn was one of the first reporters to raise questions, now gaining wide exposure, of whether Romney really left Bain then), but the year before. On April 17, 1998, Brookside Capital Partners Fund, a Bain Capital affiliate of which Romney was the sole shareholder, sole director, president, and chief executive, invested an estimated $14.2 million in Global-Tech, an appliance maker in Dongguan, China. Global-Tech made products for American companies like Sunbeam, Hamilton Beach, Mr. Coffee, and Proctor-Silex. In September 1998 Global-Tech’s CEO announced that the company was postponing a factory expansion because Sunbeam was slowing its rate of outsourcing, and said, “Although it appears that customers such as Sunbeam are not outsourcing their manufacturing as quickly as we had anticipated, we still believe that the long-term trend toward outsourcing will continue.”

Since Romney left, Bain Capital has become even more aggressive with outsourcing jobs.  In fact, Bain Capital has been forcing American workers to train their Chinese replacements even in the midst of this campaign.  Aren’t they concerned that they are making their former boss look bad?  The following is from an article written by an American worker that is having his job shipped to China by Bain Capital…

On Monday, November 5th Bain Capital is outsourcing my job to China. On Tuesday, November 6th I’m casting my vote against Mitt Romney.

Yes, I blame Mitt Romney for the loss of my job. Here’s why.

I’ve worked at the same factory in Freeport, Ill. for thirty-three years, making sensors and controls for the auto industry. It’s tough work, but it pays a living wage with health benefits that folks can count on, and it fuels our town’s economy and tax base.

That’s been changing since Bain Capital came to town. Two years ago, our factory was sold to Sensata Technologies, a company created by Bain Capital, and they told us that by December 2012, all 170 of our jobs would be shipped to China. They even made us train our Chinese replacements.

Layoff notices have been sent out, and some folks have already been laid off. Where there was once lots of people and energy and life, now there’s only the discoloration on the floor where the machinery used to be. It’s depressing. They’re not just dismantling the equipment and the plant; they’re dismantling our community.

All of this outsourcing is killing America.

Back in 1950, the population of this country was less than half of what it is now, and yet there were more Americans working in manufacturing back in 1950 than there are today.

The decline in manufacturing jobs in the United States has been really dramatic since the year 2000.

In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million

I think that it is interesting to note that China joined the WTO in 2001.  Since that time we have been losing jobs to them at an astounding pace.  According to a new report by the Economic Policy Institute, U.S. trade with China “cost more than 2.7 million jobs between 2001 and 2011″.

The Chinese slap huge tariffs on many of our goods, they manipulate currency rates to make sure that U.S. companies cannot compete, they steal our intellectual property and they deeply subsidize their own businesses.

And yet Obama and Romney insist that this is “free trade”.

What a joke.

And our tax structure is absolutely killing us as well.  The following is from a recent article by Ernest F. Hollings

A U.S. manufacturer exporting to China pays the 35% Corporate Tax and a 17% VAT when its exports reach Shanghai.  A China manufacturer exports tax free to the U.S.

Are you starting to get the picture?

Our trade policy is a complete and total disaster, and yet Obama and Romney continue to insist that we just need to become even more integrated with the emerging one world economic system.

Well, in a previous article I listed 22 statistics which prove that the current path that we are on has been absolutely disastrous for American workers…

#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.

#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.

#3 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.  That 8 trillion dollars could have gone to support U.S. businesses and pay the wages of U.S. workers.  Federal, state and local taxes would have been paid on that 8 trillion dollars if it had stayed in the United States.

#4 When NAFTA was passed in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

#5 In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.

#6 The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.  This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.  The following is from a recent Fox News article….

To keep Chinese products artificially inexpensive on US store shelves, Beijing undervalues the yuan by 40 percent. It pirates US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an “m”) for the entire year.

#10 U.S. consumers spend about 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.

#13 The United States has lost more than 56,000 manufacturing facilities since 2001.

#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.

#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.

#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.

#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are “good jobs” at this point.

#21 Without enough good jobs, more Americans than ever before are falling into poverty.  Today, more than 100 million Americans are on welfare.

#22 In recent years the U.S. economy has embraced “free trade” and the emerging one world economy like never before.  Instead of increasing the number of jobs in our economy, it has resulted in the worst stretch of job creation in the United States in modern history….

If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.

At this point, more than 41 percent of all working age Americans do not have a job, and the vast majority of the new jobs that are being created are low paying jobs.

Median household income has fallen for four years in a row.  In fact, median household income is down by more than $4000 since Barack Obama entered the White House.

One recent survey found that about 40 percent of all Americans have $500 or less in savings.  We are a country that is full of broke people.

What we need are more good jobs.  But Obama and Romney are both determined to keep shipping good jobs out of the country.

The path that we are on will only lead to disaster.  Please wake up America.

Will The Election Results Cause Massive Riots To Erupt All Over America?

Will the most divisive campaign in modern American history culminate in massive riots in our major cities?  Right now, supporters of Barack Obama and supporters of Mitt Romney are both pinning all of their hopes on a victory on November 6th.  The race for the presidency is extremely tight, and obviously the side that loses is going to be extremely disappointed when the election results are finalized.  But could this actually lead to violence?  Could we actually see rioting in communities all over America?  Well, the conditions are certainly ripe for it.  A whole host of surveys over the past few years have shown that Americans are very angry and very frustrated right now.  In fact, a Pew Research Center poll from late last year found that 86 percent of all Americans are either angry or frustrated with the federal government.  We have seen this frustration manifest in protest movements such as the Tea Party and Occupy Wall Street, but right now things are fairly calm as liberals and conservatives both look forward to November 6th.  Many Republicans started the countdown to the next election literally the day after John McCain lost back in 2008.  All of their hopes of getting Obama out of the White House are riding on a Romney victory.  For many Democrats, Barack Obama is a “once in a generation” icon.  Just the thought of Mitt Romney replacing Obama in the White House is enough to push many of them to the brink of insanity.  In recent years we have seen horrible rioting erupt in cities after major sports championship games.  How much worse could the rioting potentially be if this bitterly contested election is decided by a very narrow margin – especially if there are allegations that the election is “stolen”?

The election is nearly four weeks away, and many Obama supporters are already threatening to riot if Obama loses.  The following are some very disturbing messages that were posted on Twitter recently that have been reposted on Twitchy.com….

“If Romney wins I’m Starting a Riot….Who’s WIT ME???”

“I Hope The USA Is Well Aware That If In The Event This Character Romney Wins The Election, The People Will Start A Country Wide Riot! #Power”

“If Romney is elected president, its gon be a riot its gon be a riot.”

“If ROMNEY GETS IN THE WHITE HOUSE …U MIGHT AS WELL KILL ME NOW …..CAUSE ITS GONNA BE A ************ RIOT !!!”

“If Romney became President and took away welfare Downtown Cincinnati would become a riot”

“If Romney takes away food stamps 2 Chainzz in this bit IMMA START A RIOT”

“If Romney wins. (which i highly doubt) THERE WILL BE A RIOT—”

The following are a few more tweets that I found which threaten a potential riot if Obama loses the election….

From @joecools_world….

“Need 2 come up wit a game plan if Romney win…. Riot all thru Newark”

From @killacate….

“I swear on everything I love if Romney wins ima riot. I don’t even care if its just me.”

Romney supporters are not really threatening to riot, but many of them are proclaiming that they may leave the country if Obama wins.  Here are some examples….

From @BrentskiTheBoss….

“If Obama gets reelected I may leave the country”

From @AbbieFickes….

“im sorry but if obama were to win again, i might as well leave the country and live in zimbabwe”

This presidential campaign has been getting increasingly heated, and individuals on both sides have been committing some despicable acts.

For example, in a previous article I mentioned that some Romney campaign signs down in Virgina have been smeared with excrement.

Over in Ohio, a huge pile of manure was dumped right in front of Warren County Democratic headquarters early on Tuesday morning….

Volunteers at the Warren County Democratic headquarters, just north of Cincinnati, were shocked and disappointed by a political prank unloaded on them early Tuesday morning – someone dumped a pile of horse manure in the parking lot of the headquarters building on US 42, just north of Lebanon.

It appears that both sides have resorted to literally slinging crap around.

There is so much hate in America today, and this campaign is bringing a lot of it to the surface.  It is even being reported that a bus driver told a 12-year-old boy that he should have been aborted because his family has a Romney campaign sign in their yard….

Belling read a letter from the 12-year-old boy’s mother, detailing the alleged abusive behavior by the bus driver.

Apparently, the Romney-Ryan yard sign bugs the bus driver and she’s been harassing the boy, making rude comments to him related to politics.

When the driver engaged the 12-year-old boy in a political conservation, he responded by saying that Obama is pro-abortion.

The bus driver allegedly said to the child, “Maybe your mom should have chosen abortion for you.”

How sick is that?

You can strongly disagree with someone without being mean and without being hateful.

Right now, the United States is a bubbling cauldron of frustration and anger that could be set off at any moment.  This election could potentially be a “trigger point” which could end up unleashing a lot of that anger and frustration.

Already, there have been allegations that the Republicans have been committing voter registration fraud.  Democrats are furious about this.

Evidence has also emerged that Democrats have been willing to assist voters in registering to vote in two different states.  The following is from a recent article by Mac Slavo….

When undercover reporters visited various locations across the country they received the same response from Obama campaign staffers – that it’s basically okay to vote multiple times if you happen to be registered in two or more states.

In Houston, Texas, for example, the Project Veritas reporter made her intentions known, and rather than being rebuffed for her planned illegal activity, she was provided assistance with obtaining the proper forms to be registered in two states and was told to say “I don’t know” if the double-voting ever became an issue.

Similar situations unfolded at other DNC funded community organizations.

It appears quite probable that whichever side loses this election will accuse the other side of stealing the election.

And if millions of Americans feel that the election has been stolen from them, that will make it much more likely that we will see rioting.

Keep your ears open for phrases such as “voter fraud” and “election fraud” following this election.  People are so angry already that even allegations that someone stole the election could be enough to set the streets of America on fire.

As always, let us hope for the best, but let us also prepare for the worst.

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

What is Barack Obama preparing for?  What does Barack Obama actually expect to happen in November?  Does he believe that the upcoming election could actually spark rampant civil unrest inside the United States?  The conditions are certainly ripe for civil unrest in this country.  A multitude of recent polls and surveys have shown that Americans are angrier and more frustrated than ever.  Sadly, we are taking a lot of that anger and frustration out on each other.  America is more divided today than at any other time since the Civil War era.  The left absolutely hates Mitt Romney the Republicans, and the right absolutely hates Barack Obama and the Democrats.  If you doubt this, just surf political blogs for a few hours and read the comments that people leave.  This country is a boiling cauldron of hatred and anger and all it is going to take is just the right “spark” to cause all of this hatred and anger to absolutely explode.  This upcoming election season is likely to be one of the most heated and divisive election seasons in U.S. history, and if there is not a clear winner on election night there is the potential that chaos could be unleashed that would be far, far worse than anything we saw during the Bush/Gore debacle of 2000.

Right now, the polls tell us that this is likely to be a very, very tight election.  If you doubt this, just check out the daily Gallup tracking poll.

As I write this, Obama and Romney are tied at 46 percent.

In 2008, a wave of positive emotion helped Obama secure a solid victory on election night where there was no doubt about the outcome.

But this time there is not going to be the same wave of positive emotion behind Obama, and that means that the election is likely to be much, much closer.

One thing that set off alarm bells for me is when various news stories starting discussing the “legion of lawyers” that Barack Obama was recruiting for this election.  The following is from a recent article in the Huffington Post….

President Barack Obama’s campaign has recruited a legion of lawyers to be on standby for this year’s election as legal disputes surrounding the voting process escalate. Thousands of attorneys and support staffers have agreed to aid in the effort, providing a mass of legal support that appears to be unrivaled by Republicans or precedent.

Did you catch that?

Obama’s “unprecedented” legion of lawyers is definitely getting prepared for something.

In a tightly contested race, would Obama use every legal angle that he possibly could to take the election away from Mitt Romney?

Would Mitt Romney potentially do the same to Obama?

How would the rest of America respond to another huge legal struggle over the presidency?

Let us hope that we never find out the answers to any of those questions.

But fighting in court is not the only avenue that Barack Obama could potentially use to keep his spot in the White House.

There is also the possibility that Barack Obama could use his executive powers to influence the outcome of the election.

This year, Obama has issued a whole series of very strange executive orders.

Many have been wondering what the true purpose of these executive orders really is.

For example, EO 13603 enables Barack Obama to take total control over all food, all energy, all health resources and all transportation resources with the stroke of a pen.

The following is from an article about this executive order by Jim Garrison in the Huffington Post….

President Obama’s National Defense Resources Preparedness Executive Order of March 16 does to the country as a whole what the 2012 National Defense Authorization Act did to the Constitution in particular — completely eviscerates any due process or judicial oversight for any action by the Government deemed in the interest of “national security.” Like the NDAA, the new Executive Order puts the government completely above the law, which, in a democracy, is never supposed to happen.

Later in that same article, he detailed some of the extraordinary powers that the executive branch would be given if Barack Obama decided that “national security” required it….

• The Secretary of Defense has power over all water resources;
• The Secretary of Commerce has power over all material services and facilities, including construction materials;
• The Secretary of Transportation has power over all forms of civilian transportation;
• The Secretary of Agriculture has power over food resources and facilities, livestock plant health resources, and the domestic distribution of farm equipment;
• The Secretary of Health and Human Services has power over all health resources;
• The Secretary of Energy has power over all forms of energy.

According to this executive order, a “national emergency” is not even required to activate these powers.  If Barack Obama decides that there is a threat to “national security” (or to his job security) he could activate these powers at any time.

Another executive order, EO 13618, would potentially give Obama power over all communication resources in the United States.

So does that mean that Obama could potentially pull the plug on the Internet during a crisis?

That is a very good question.

Overall, Obama has issued 130 executive orders during his time as president.  The amount of power that he now claims to possess is absolutely mind blowing.

So will he ever actually attempt to use the powers that he has granted himself under these executive orders?

Let’s hope not.

In addition, it appears that the Department of Homeland Security is gearing up for something.

An article posted on RT the other day entitled “DHS gears up for civil unrest prior to presidential elections” detailed some of the purchases that the Department of Homeland Security is looking to make….

The DHS submitted a rushed solicitation to the Federal Business Opportunities site on Wednesday, which is a portal for Federal government procurement requisitions over $25,000. The request gave the potential suppliers only one day to submit their proposals and a 15-day delivery requirement to Alexandria, Virginia.

As the brief explains, “the objective of this effort is to procure riot gear to prepare for the 2012 Democratic and Republican National Conventions, the 2013 Presidential Inauguration and other future similar activities.”

The total amount ordered is about 150 sets of riot helmets, thigh and groin protectors, hard-shell shin guards and other riot gear.

Specifically, DHS is looking to obtain:

- “147 riot helmets” with “adjustable tactical face shield with liquid seal”

- “147 sets of upper body and shoulder protection”

- “152 sets of thigh and groin protection”

- “147 hard-shell shin guards” with “substantial protection from flying debris, non-ballistic weapons, and blows to the leg” and “optimized protective design for severe riot control or tactical situations.”

- “156 forearm protectors”

- “147 pairs of tactical gloves”

The riot gear will be worn by Federal Protective Service agents who are tasked with protecting property, grounds and buildings owned by the federal government.

You can find the DHS solicitation right here.

Also, as I have written about previously, earlier this month FEMA posted a solicitation for a large number of pre-packaged meals.  According to the solicitation, the maximum number of meals that would be provided to FEMA under the contract would be 17.5 million meals.  The following is from the FEMA solicitation document….

As referred to in paragraph (b) of FAR Clause 52.216-22, “Indefinite Quantity” of this contract, the guaranteed contract minimum is 21,000 packaged meals to include the base and option periods.  The contract ceiling amount shall not exceed 17,500,000 packaged meals.

So do those solicitations mean anything special or are they just part of normal government operations?

That is a good question.

But what we do know is that U.S. military personnel are going to be deployed at the Democratic and Republican national conventions in support of U.S. Secret Service personnel.  The following is from a recent Stars and Stripes article….

“During the Democratic/Republican National Conventions, Department of Defense personnel will support the U.S. Secret Service,” a Northern Command spokesman said in an email.

“For operational security reasons we do not discuss the numbers of military personnel and resources that are involved,” U.S. Navy Lt. Cdr. William G. Lewis said. “Additionally, we do not share our operational plans.”

Could the same forces be deployed to quell civil unrest sparked by a controversial election result in November?

Let us hope that this upcoming election season is not as bitter and divisive as many are projecting and let us hope that there is a clear winner in November.

The conditions are definitely right for America to be absolutely torn apart if the “perfect controversy” comes rolling along.

At this moment, Americans are incredibly frustrated.  Our economy has been in the dumps for quite a few years, and now it look like another recession is starting.  The patience of the American people is running out.

Over much of the western United States things are so hot and dry right now that just a single spark is often enough to set off a forest fire that can burn for weeks.  Well, the same thing can be said for the political climate in the United States right now.

The American people are so hot and so angry that it would not take much to set off a raging political fire.

Let us hope that cooler heads prevail, because a single spark could set this country ablaze.

How The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More

The way that we tax people in the United States is fundamentally broken and should be completely discarded.  The U.S. tax code is absolutely riddled with loopholes that allow the super rich to legally avoid taxes while many of the rest of us are being taxed into oblivion.  In our system of taxation, middle class families that work hard and try to play by the rules are deeply penalized while those that are willing to abuse the system make out like bandits.  There is something fundamentally wrong with a system that enables wealthy politicians such as Barack Obama and Mitt Romney to pay a smaller percentage of their incomes in taxes than millions of middle class families.  Mitt Romney has millions of dollars parked down in the Cayman Islands and in other tax havens.  He does this to avoid taxes.  Unfortunately, most Americans do not have the resources to funnel money through offshore tax havens.  Most Americans just automatically have their paychecks shredded by taxes and then try to live on whatever is left over.  Most Americans are just trying to survive financially from one month to the next.  But the super rich have options.  Thanks to technology, they can live almost anywhere they want and they can run their companies and manage their investments from anywhere in the world.  The truth is that the wealthier you are the easier it is to avoid taxes.  But even as the ultra-wealthy do their best to avoid taxes, many of them still feel free to demand that the rest of us be taxed more.

So what are some of the ways that the super rich avoid taxes?

Well, let’s start with those that are just “somewhat wealthy”.  Many millionaires still want or need to be U.S. citizens, so they are subject to the U.S. tax code.  Fortunately for them, their tax lawyers know of thousands of loopholes that have been designed to help the rich avoid taxes.

The following is from a recent article by Jen Talley….

Some of the richest people in the country pay the least, relatively speaking, in taxes. How is this possible? Answer: Through the clever manipulation of the U.S. tax code’s loopholes. And it works: as income rises, effective tax rates rise as well, but only up to a point. IRS data shows that the effective income tax rate flattens out at just over 24 percent for those making over a million dollars. As income exceeds $1.5 million, the rate begins to decline; those with incomes above $10 million pay an average income tax rate of around 19 percent. So, how do they do it?

You could write an entire series of books on the technical details of how this gets done.  Trust me, I studied tax law when I was in law school.

If you are interested in digging into some of the technical details of tax avoidance, a recent Businessweek article detailed 10 ways that the wealthy use our current tax code to avoid paying billions of dollars in taxes.  It is an article worth reading if you have the time.

Sadly, tax avoidance by the wealthy is not just something that happens in the United States.  The truth is that the exact same kind of thing happens in the UK as well.

There is not an easy fix to this problem.  Our politicians have had decades to try to come up with a fair tax system and they have completely failed.  The wealthy are always several steps ahead of them.

But federal taxes are not the only taxes that can be avoided.  The vast difference in state tax rates creates another opportunity.

One advantage that wealthy Americans have is that they are far more mobile than most other Americans are.  So if they don’t like the tax system in one state they can simply pick up and move to another state.

According to the Tax Foundation, 3.4 million Americans left New York state between 2000 and 2010.

So where did they go?

The following is from a recent CNS News article….

Where are they escaping to?  The Tax Foundation found that more than 600,000 New York residents moved to Florida over the decade – opting perhaps for the Sunshine State’s more lenient tax system – taking nearly $20 billion in adjusted growth income with them.

There is no state income tax in Florida.  So moving from New York to Florida can end up saving you a bundle.

The same kind of migration is happening out west as well.  According to that same CNS article, hundreds of thousands of people have been moving from California (a high tax state) to Texas (no state income tax)….

Between 2000 and 2010, the most recent data available, 551,914 people left California for Texas, taking $14.3 billion in income.  Texas has no state income tax or estate tax.

A total of 48,877 people moved to Texas from California between 2009 and 2010 alone, totaling $1.2 billion in income.  Another 28,088 from California relocated to Nevada and 30,663 to Arizona, a loss of  $699.1 million and $707.8 million in income respectively.

Not that anyone really needs much of an excuse to move away from California.  It is rapidly decaying right in front of our eyes.

But a lot of families do not have the same options that wealthy people do. Unfortunately, most average Americans are tied to their jobs and it would be much more difficult for them to pick up and move across the country.  In this economy it can be economic suicide to give up a good job.

The reality is that most of us simply do not have the resources to play the same kinds of games that the wealthy play.

Sadly, even our most prominent politicians avoid taxes.

Just look at Massachusetts Senator John Kerry.  He has avoided approximately $500,000 in taxes by docking his yacht in Rhode Island rather than in Massachusetts.

Yet Kerry sure does love to call for more taxes on the rest of us, doesn’t he?

Now let’s talk about the “super rich” and the “ultra-wealthy”.  For many people that are worth billions of dollars, tax avoidance has become an art from.

Facebook co-founder Eduardo Saverin made national headlines recently when he gave up his U.S. citizenship, but the truth is that his case is small potatoes compared to the global elite and the shadow banking system that supports them.

According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks.

That amount is more than the GDP of the United States for an entire year.

So what do I mean by “offshore banks”?  I defined the term in a previous article….

Well, the term originally developed because the banks on the Channel Islands were “offshore” from the United Kingdom.  Most “offshore banks” are still located on islands today.  The Cayman Islands, Bermuda, the Bahamas, and the Isle of Man are examples of this.  Other “offshore banking centers” such as Monaco are actually not “offshore” at all, but the term applies to them anyway.

Traditionally, these offshore banking centers have been very attractive to both criminals and to the global elite because they would not tell anyone (including governments) about the money that anyone had parked there.

It has been reported that 80 percent of all international banking transactions involve offshore banks.  A whopping 1.4 trillion dollars is being held in offshore banks in the Cayman Islands alone.

An article that appeared in the Guardian estimated that a third of all the wealth on the entire planet is being kept in offshore banks.  One of the primary reasons for this is tax avoidance.

A lot of wealthy individuals never even visit these tax havens and yet reap the benefits anyway.  The truth is that tax avoidance has become way too easy.  The following example is from a recent Politico article….

A plausible scenario plays out like this: I hire an accountant. Doing her job, my accountant tells me that if I sign a few legal documents and route my money through a small Caribbean island, I could keep more of my paycheck and pay a lower tax rate. I may have earned my money in the United States, but legally I can claim that it was, in fact, earned in a tax haven.

Are you disgusted yet?

You should be.

But even though they avoid taxes like the plague, many of these elitists have the gall to call for higher taxes on all the rest of us.

For example, let’s review what the managing director of the IMF, Christine Lagarde, said in a recent interview….

“Do you know what? As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax.”

Even more than she thinks about all those now struggling to survive without jobs or public services? “I think of them equally. And I think they should also help themselves collectively.” How? “By all paying their tax. Yeah.”

It sounds as if she’s essentially saying to the Greeks and others in Europe, you’ve had a nice time and now it’s payback time.

“That’s right.” She nods calmly. “Yeah.”

And what about their children, who can’t conceivably be held responsible? “Well, hey, parents are responsible, right? So parents have to pay their tax.”

Well, it turns out that she doesn’t pay any income taxes at all on her own income….

The IMF chief Christine Lagarde was accused of hypocrisy yesterday after it emerged that she pays no income tax – just days after blaming the Greeks for causing their financial peril by dodging their own bills.

The managing director of the International Monetary Fund is paid a salary of $467,940 (£298,675), automatically increased every year according to inflation. On top of that she receives an allowance of $83,760 – payable without “justification” – and additional expenses for entertainment, making her total package worth more than the amount received by US President Barack Obama according to reports last night.

Her “diplomatic status” allows her to escape all income taxes.

So perhaps she should pay her “fair share” before pointing the finger at anyone else.

But she is not the only one being hypocritical.

The super rich claim that they should pay lower taxes on investment income for the good of our “capitalist system”, but when their banks are about to go under they are more than happy to have those losses be socialized.

As I wrote about yesterday, the stage is already set for another massive round of bailouts when the next great financial crisis strikes.  Once again our taxes will pay for the mistakes of the ultra-wealthy.

The truth is that our system is fundamentally broken.

We need to abolish the income tax and shut down the IRS.

Those two steps alone would do wonders for our economic system.

We also need to shut down the Federal Reserve and break up the too big to fail banks.

Unfortunately, the vast majority of our politicians are not even willing to consider any of those solutions.

So our fundamentally broken system will continue to chug along.

It really is sad.

The Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks

In recent days, the fact that Mitt Romney has millions of dollars parked down in the Cayman Islands has made headlines all over the world.  But when it comes to offshore banking, what Mitt Romney is doing is small potatoes.  The truth is that the global elite are hiding an almost unbelievable amount of money in offshore banks.  According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks.  And that figure does not even count any money being held in Switzerland.  That is a staggering amount of money.  Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars.  So why do the global elite go to such trouble to hide their money in offshore banks?  Well, there are two main reasons.  One is privacy and the other is low taxation.  Privacy is a big issue for those that are involved in illegal enterprises such as drug running, but the biggest reason why people move money into offshore banks is in order to avoid taxes.  Some set up bank accounts in foreign nations because they want to legally minimize their taxes and others set up bank accounts in foreign nations because they want to illegally avoid taxes.  You would be absolutely amazed at what some large corporations and wealthy individuals do to get out of paying taxes.  Unfortunately, the vast majority of the rest of us don’t have the resources or the knowledge to play these games, so we get taxed into oblivion.

So why do they call it “offshore banking”?

Well, the term originally developed because the banks on the Channel Islands were “offshore” from the United Kingdom.  Most “offshore banks” are still located on islands today.  The Cayman Islands, Bermuda, the Bahamas, and the Isle of Man are examples of this.  Other “offshore banking centers” such as Monaco are actually not “offshore” at all, but the term applies to them anyway.

Traditionally, these offshore banking centers have been very attractive to both criminals and to the global elite because they would not tell anyone (including governments) about the money that anyone had parked there.

These days some governments (particularly the U.S. government) are trying to change this, but we certainly will not see the end of offshore banking any time soon.

The amount of money that goes through these offshore banks is absolutely astounding.

It has been estimated that 80 percent of all international banking transactions take place through these offshore banks.  $1.4 trillion is being held in offshore banks in the Cayman Islands alone.

One article in the Guardian estimated that a third of all the wealth on the entire globe is being held in offshore banks, and others believe that as much as half of all the capital in the world flows through offshore banks at some point.

Obviously, all of this tax avoidance means that governments around the world are missing out on a whole lot of money.

It has been estimated that the U.S. government is missing out on $100 billion a year because of these offshore banks.  Others would put that figure significantly higher.

Avoiding taxes is a game that the global elite have mastered.  They are playing a whole different ballgame than you and I are.  They don’t just sit there like idiots and get blasted with taxes.  Instead, they hire the best experts and they employ every trick in the book to hold on to as much money as they possibly can.

These days, taking advantage of offshore tax havens is not that complicated to do.  The following is from a recent Politico article….

A plausible scenario plays out like this: I hire an accountant. Doing her job, my accountant tells me that if I sign a few legal documents and route my money through a small Caribbean island, I could keep more of my paycheck and pay a lower tax rate. I may have earned my money in the United States, but legally I can claim that it was, in fact, earned in a tax haven.

If it is legal, perhaps more of us should look into this.

After all, if playing these kinds of games is good enough for Mitt Romney, then why isn’t it good enough for all the rest of us?

During a campaign stop recently, Romney said the following….

“I can tell you we follow the tax laws”

I certainly believe him when he says that.  But it is what he said next that is troubling….

“And if there’s an opportunity to save taxes, we like anybody else in this country will follow that opportunity.”

I certainly believe him when he says that too.

ABC News recently revealed that Bain Capital has established an astounding 138 different offshore funds in the Cayman Islands.

Something has got to work pretty well to want to do it 138 times.

But Bain Capital was also very busy over in other offshore banking centers as well.

One of the largest shell companies that Bain set up down in the Caribbean was called Sankaty High Yield Asset Investors Ltd.  It did not have an office in Bermuda and it had no staff in Bermuda.  But it helped clients of Bain Capital avoid a whole lot of taxes.

The following comes from a 2007 Los Angeles Times article….

In Bermuda, Romney served as president and sole shareholder for four years of Sankaty High Yield Asset Investors Ltd. It funneled money into Bain Capital’s Sankaty family of hedge funds, which invest in bonds and other debt issued by corporations, as well as bank loans.

Like thousands of similar financial entities, Sankaty maintains no office or staff in Bermuda. Its only presence consists of a nameplate at a lawyer’s office in downtown Hamilton, capital of the British island territory.

“It’s just a mail drop, essentially,” said Marc B. Wolpow, who worked with Romney for nine years at Bain Capital and who set up Sankaty Ltd. in October 1997 without ever visiting Bermuda. “There’s no one doing any work down there other than lawyers.”

The amount of money being funneled through Sankaty today is absolutely stunning….

Today, Bain Capital manages $60 billion in assets, according to a spokesman. The total includes $23 billion in Sankaty debt and credit funds. Half a dozen Sankaty affiliates now are active in Bermuda, corporate registry records show.

The Sankaty debt hedge funds are organized as partnerships in Delaware that produce taxable business income by investing in fixed-income bonds and other debt instruments. Under tax law, even tax-exempt U.S. institutions may face a 35% tax if they invest directly in such hedge funds. By investing instead through a Bermuda corporation, the taxes are legally blocked, experts say.

Of course all of this is perfectly legal.

So nobody gets into trouble for any of this.

By keeping money offshore, even those managing these kinds of funds can avoid being taxed.

Victor Fleischer, a tax professor at the University of Colorado Law School, recently explained how this works….

“The idea behind some of the Cayman Island strategies was that the income that the fund managers receive for managing the money would be kept offshore in the Cayman Island — and the chief benefit is that you can defer when you recognize that income until a later date and you can reinvest the money from the Cayman islands and none of those reinvested funds get taxed until you bring them back either”

So was Romney doing this?

We may never know unless he shows us his tax returns.

What we do know is that Romney has millions of dollars of his own personal wealth invested in offshore tax havens.

The following comes from ABC News….

In addition to paying the lower tax rate on his investment income, Romney has as much as $8 million invested in at least 12 funds listed on a Cayman Islands registry. Another investment, which Romney reports as being worth between $5 million and $25 million, shows up on securities records as having been domiciled in the Caymans.

But Romney does not just have money invested down in the Cayman Islands.  Apparently his money is invested in a whole host of offshore tax havens.

The following quote comes from a Reuters article….

Bain funds in which Romney is invested are scattered from Delaware to the Cayman Islands and Bermuda, Ireland and Hong Kong, according to a Reuters analysis of securities filings.

So is there anything wrong with this?

Well, it depends on how you define “wrong”.

What Romney is doing is perfectly legal.

But it also stinks.  Washington lawyer Jack Blum recently told ABC News the following about Romney’s finances….

“His personal finances are a poster child of what’s wrong with the American tax system”

So now we may have a few hints as to why Romney may not want to release his old tax returns.

But as noted above, what Romney is doing is just small potatoes compared to what the ultra-wealthy do.

The U.S. Congress has been trying to clamp down on offshore banking, but the ultra-wealthy are always two or three steps ahead of them.

The ultra-wealthy will go to just about any extreme in order to avoid paying taxes.

In fact, the Washington Post has reported that an increasing number of wealthy individuals are actually deciding to renounce their citizenship rather than face the wrath of the IRS.

The ultra-wealthy aren’t really concerned that much with national citizenship anyway.  If they want to influence an election, they can have far more influence by donating a few million bucks to a “Super PAC” than they can by casting the few votes that they have.

In a previous article, I described how the ultra-wealthy use offshore banks as a “shadow banking system” that plays by rules that most people don’t even know exist….

It is a shadow banking system that most Americans don’t know anything about. Most Americans don’t have the resources to be able to set up shell companies in half a dozen different countries so that they can “filter” their profits.  Most Americans don’t know a thing about complicated tax avoidance plans that tax lawyers use such as the “Double Irish” and the “Dutch Sandwich”.  Most Americans would have no idea how to eventually have most of the money that they make end up in Bermuda so that it can avoid taxes.

Most among the global elite simply do not care that U.S. debt is climbing into the stratosphere.  All they care about is keeping as much of their own money in their pockets as they possibly can.

Of course there are always exceptions to this rule.  Warren Buffett recently wrote a check to the U.S. Treasury for a little more than $49,000 to help pay off the national debt.

But considering the fact that the U.S. national debt is increasing by more than 100 million dollars an hour, that didn’t exactly do much to help.

Our system is deeply broken and the global elite are getting away with bloody murder.  Over the decades, they have carefully crafted the rules so that as much wealth as possible is funneled into their pockets, and they have carefully crafted the rules so that as much wealth as possible stays in their pockets.

Of course if we got rid of the personal income tax and the corporate income tax entirely and replaced them with a completely new system we could get rid of all of this game playing once and for all.

But what do you think the odds are of that happening?

Corrupted!: 5 Shocking Examples Of Government Corruption That Will Blow Your Mind

At times it really is breathtaking how corrupted the U.S. government has become.  Government corruption has become so endemic in our society that most people have just kind of accepted it as “normal”.  But shouldn’t we all get hopping mad when we learn that the Federal Reserve sent billions of dollars in bailout money to addresses in the Cayman Islands?  Shouldn’t we all be furious when one of the leading candidates for the 2012 Republican presidential nomination, Mitt Romney, declares that he is “not going to spend my time focusing on the Federal Reserve”?  Shouldn’t we all be alarmed when Nancy Pelosi gives a speech in which she says that “elections shouldn’t matter”?  Shouldn’t we all demand that someone be held accountable when we find out that a CBO analysis shows that the “$38.5 billion” in spending cuts will only reduce the budget deficit for this year by $352 million dollars?  On top of everything else, shouldn’t we all be absolutely horrified when the TSA gropes little 6 year old girls and virtually none of our politicians demand change?

$38.5 Billion In Budget Cuts Is Really Just $352 Million In Deficit Reduction?

Yesterday I wrote about how a close examination of the “budget cut deal” reveals that the 38.5 billion dollars in budget cuts are largely illusory.

However, even I was not ready for what the Congressional Budget Office had to say about this deal.  What I read in the Washington Post today absolutely floored me.  According to the Washington Post,  the Congressional Budget Office is saying that the budget deal will only cut the budget deficit for this year by less than one percent of what was being claimed by Republican and Democrat leaders….

The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30. About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.

What a joke.

The reality is that U.S. government is increasing by over 2 million dollars every single minute.  So the entire “savings” from this “budget deal” will account for approximately 3 hours of government spending.

Look, the U.S. government ran a budget deficit of $188 billion dollars for the month of March alone.  We are in debt up to our eyeballs and it is getting worse at a mind blowing pace.

When are people going to wake up and realize that neither political party is the least bit serious about dealing with our debt problem any time soon?

The Federal Reserve Sent Billions In Bailout Aid To Millionaires and Billionaires In The Cayman Islands

Most Americans don’t even understand what the Federal Reserve is, and yet they get to throw trillions of dollars around while being more or less completely unaccountable the entire time.

In a new article for Rolling Stone (which is a must read), Matt Taibbi exposes some of the folks that the Federal Reserve has been sending money to….

The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”

How in the world does it benefit the American people to send billions of dollars to some ultra-wealthy people down in the Cayman Islands?

In light of what we have already found out, it is absolutely amazing that Congress is still refusing to authorize a complete audit of the Federal Reserve.

The corruption of the Fed is crying out to be investigated.

Unfortunately, many of our top politicians are openly declaring that they have no intention of going after the Federal Reserve.

Mitt Romney Declares That He Will Not Be Going After Ben Bernanke Or The Federal Reserve

In case anyone needs one more sign that Mitt Romney is just another shill for the establishment, just check out the two statements by Romney below.

According to Politico, Romney recently told CNBC’s Larry Kudlow that he is not concerned about the Federal Reserve at all….

“I think Ben Bernanke is a student of monetary policy; he’s doing as good a job as he thinks he can do,” Romney said when Kudlow asked what kind of job Bernanke is doing. “I’m not going to spend my time going after Ben Bernanke. I’m not going to spend my time focusing on the Federal Reserve.”

That’s just great.  The Republican candidate with perhaps the greatest amount of “establishment support” says that he thinks that Bernanke is doing a good job and he does not plan to spend any time focusing on the Federal Reserve.

So if Romney gets in the Federal Reserve will continue to be able to dish out trillions to their friends without any interference.

Nancy Pelosi Declares That “Elections Shouldn’t Matter”

How are we supposed to respond when the top Democrat in the House of Representatives declares that “elections shouldn’t matter as much as they do”?

During a recent speech, Pelosi implored establishment Republicans to “take back your party” so that elections won’t “matter” as much….

To my Republican friends: take back your party. So that it doesn’t matter so much who wins the election, because we have shared values about the education of our children, the growth of our economy, how we defend our country, our security and civil liberties, how we respect our seniors. Because there are so many things at risk right now — perhaps in another question I’ll go into them, if you want. But the fact is that elections shouldn’t matter as much as they do… But when it comes to a place where there doesn’t seem to be shared values then that can be problematic for the country, as I think you can see right now.

Apparently what Pelosi wants is for America to go back to a time when all of us just went along with the false left/right paradigm and when we were all content to sleep while the establishment agenda rolled right along.

Well guess what Nancy?  Some of us are starting to wake up.

6 Year Old Girl Molested By The TSA

How far have we fallen as a nation when a 6 year old girl has to have her private areas touched in public by the TSA before she is allowed to get on an airplane?

America is becoming a very strange place.

The following is video that was posted on YouTube of the recent incident involving a 6 year old girl….

So is this what we have become as a nation?

Will we subject ourselves to anything as long as the authorities insist that it will keep us a little bit safer?

Pretty soon America is going to be unrecognizable.

I have previously written about how in one town in Missouri, girls scouts have actually been banned from selling girl scout cookies in their own front yards.

How crazy is that?

In Cleveland, authorities haves announced plans to have “trash supervisors” go snooping through trash cans to ensure that people are actually recycling according to city guidelines.

The control freaks we keep voting into office seem to have an obsession with running ever detail of our lives.

In many areas of the nation we aren’t even allowed to do acts of kindness anymore.

For example, in Houston, Texas a couple named Bobby and Amanda Herring that had been feeding homeless people for over a year has been banned by the city from doing so.

So what is next?

Are they going to ban kids from taking lunches to school?

It is already happening….

At one public school in the Chicago area, children have been banned from bringing their lunches from home.  Instead, it is mandatory that they eat the food that the cafeteria serves.

Meanwhile, the Federal Reserve gets to create trillions of dollars out of thin air and they get to send it to whoever they want.

What a country we have, eh?

Our system has become corrupted beyond all recognition.  Government corruption is out of control and it is getting worse with each passing day.

So when are the American people going to get sick of all this nonsense?

When are….

Wait.

American Idol is on tonight.

Perhaps all of this can just wait for another time.

After all, who wants to miss what J-Lo and Steven Tyler are going to say tonight?

Those two are really a couple of characters!

Our leaders know what they are doing, right?

We can trust our politicians to act in our best interest, right?

So instead of writing about all of this “doom and gloom”, perhaps I should just lighten up and focus on fun things like American Idol a little bit more.

What do all of you think?

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