Matt Taibbi on the Republican National Convention (2004)

Matt Taibbi joined Mark Ames in 1997 to co-edit the controversial English-language Moscow-based, bi-weekly free newspaper, The eXile. Of Exile, Taibbi said, "We were out of the reach of American libel law, and we had a situation where we weren't really accountable to our advertisers. We had total freedom." In the U.S. media, Playboy magazine published pieces on Russia both by Taibbi and by Taibbi and Ames together during this time.

In 2002, he returned to the U.S. to start the satirical bi-weekly The Beast in Buffalo, New York, which he eventually left declaring that "Running a business and writing is too much." Taibbi continued as a freelancer for The Nation, Playboy, New York Press (where he wrote a regular political column for more than two years), Rolling Stone, and New York Sports Express (as Editor at Large). Taibbi said being a journalist was a "career failure. I wanted to be a novelist," he announced at an NYU lecture.

Taibbi left the New York Press in August 2005, shortly after his editor Jeff Koyen was forced to quit over issues raised by Taibbi's column "The 52 Funniest Things About The Upcoming Death of The Pope". "I have since learned that there would not have been an opportunity for me to stay anyway," Taibbi later wrote.

Taibbi became a Contributing Editor at Rolling Stone, penning feature-length articles on domestic and international affairs, along with a weekly political online column titled "The Low Post" for the magazine's website. Taibbi writes for the print edition of Rolling Stone, and contributes to their website in his current blog, "Taibblog". A later online column titled "Year of the Rat" was meant to document the 2008 election season, but it ended after only a few postings.

Taibbi covered the 2008 presidential campaign for Real Time with Bill Maher, and he has made several guest appearances on MSNBC's The Rachel Maddow Show and other MSNBC programs. He also has appeared on Democracy Now! and served as a contributor on Countdown with Keith Olbermann. Taibbi is an occasional guest on the Thom Hartmann radio and TV shows.

His July 2009 Rolling Stone article "The Great American Bubble Machine" described Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money".
Tackling the assistance to banks given in foreclosure courts, Taibbi traveled to Jacksonville, Florida to observe the "rocket docket" to process foreclosures without regard to the legality of the financial instruments being ruled upon, speeding-up the process to enable quick resale of the properties while obscuring the fraudulent and predatory nature of the loans, and a reluctance to allow public observance of the court proceedings. "Invasion of the Home Snatchers" was published in the November 25, 2010 issue of Rolling Stone.

As financial scandals continued to rock the world during 2012, Taibbi's analyses of the machinations garnered him invitations to nationally broadcast television programs as an expert who could explain the events as they unfolded and their importance to viewers and moderators alike. In a discussion of the Libor revelations, Taibbi's coverage in Rolling Stone was singled out by Dennis Kelleher, president of Better Markets, Inc., as most important on the topic, that had become required reading to remain informed.

http://en.wikipedia.org/wiki/Matt_Taibbi

Why the Economy Crashed: Financial System, Bailouts, Federal Reserve, Business Cycle

The financial crisis was not widely predicted by mainstream economists, who instead spoke of the Great Moderation. A number of heterodox economists predicted the crisis, with varying arguments. Dirk Bezemer in his research credits (with supporting argument and estimates of timing) 12 economists with predicting the crisis: Dean Baker (US), Wynne Godley (UK), Fred Harrison (UK), Michael Hudson (US), Eric Janszen (US), Steve Keen (Australia), Jakob Brøchner Madsen & Jens Kjaer Sørensen (Denmark), Kurt Richebächer (US), Nouriel Roubini (US), Peter Schiff (US), and Robert Shiller (US). Examples of other experts who gave indications of a financial crisis have also been given. Not surprisingly, the Austrian economic school regarded the crisis as a vindication and classic example of a predictable credit-fueled bubble that could not forestall the disregarded but inevitable effect of an artificial, manufactured laxity in monetary supply, a perspective that even former Fed Chair Alan Greenspan in Congressional testimony confessed himself forced to return to.

A cover story in BusinessWeek magazine claims that economists mostly failed to predict the worst international economic crisis since the Great Depression of 1930s.[158] The Wharton School of the University of Pennsylvania's online business journal examines why economists failed to predict a major global financial crisis.[159] Popular articles published in the mass media have led the general public to believe that the majority of economists have failed in their obligation to predict the financial crisis. For example, an article in the New York Times informs that economist Nouriel Roubini warned of such crisis as early as September 2006, and the article goes on to state that the profession of economics is bad at predicting recessions.[160] According to The Guardian, Roubini was ridiculed for predicting a collapse of the housing market and worldwide recession, while The New York Times labelled him "Dr. Doom".[161]

Shiller, an expert in housing markets, wrote an article a year before the collapse of Lehman Brothers in which he predicted that a slowing US housing market would cause the housing bubble to burst, leading to financial collapse.[162] Schiff regularly appeared on television in the years before the crisis and warned of the impending real estate collapse.[163]

Within mainstream financial economics, most believe that financial crises are simply unpredictable,[164] following Eugene Fama's efficient-market hypothesis and the related random-walk hypothesis, which state respectively that markets contain all information about possible future movements, and that the movement of financial prices are random and unpredictable. Recent research casts doubt on the accuracy of "early warning" systems of potential crises, which must also predict their timing.[165]

Stock trader and financial risk engineer Nassim Nicholas Taleb, author of the 2007 book The Black Swan, spent years warning against the breakdown of the banking system in particular and the economy in general owing to their use of bad risk models and reliance on forecasting, and their reliance on bad models, and framed the problem as part of "robustness and fragility".[166][167] He also took action against the establishment view by making a big financial bet on banking stocks and making a fortune from the crisis ("They didn't listen, so I took their money").[168] According to David Brooks from the New York Times, "Taleb not only has an explanation for what's happening, he saw it coming."

http://en.wikipedia.org/wiki/Financia...

The Economic Collapse Blog ~ A Second Crash is Inevitable within 10 Years

And what popped the bubble? Banksters pulling money out of circulation.
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
~ James Garfield, coincidentally [yeah, right] one of the US’s four assassinated presidents .
World financial system nowadays is like a car running 250 km/h without breaks. Breaks are social regulations. Bank system is public service in its essence. If society is ready to give Banks trillions of dollars for free , and if they are working without any risks than they are public servants and nothing more- and they should act as one. As servants they can not receive any bonuses-they are doing well not because they are smart... Reforms- 1) regulation2) defregmentation3) public ethics committee
Running a country’s central bank is a public service, so this privatization was destined for failure.
“We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty and can no more with safety be delegated to private individuals than can the power to make penal statutes or levy laws for taxation.”
~ William Jennings Bryan

Gary Johnson ~ Marijuana Is Much, Much Safer Than Alcohol

Alcohol is the gateway to drug, not marijuana.It is a no brainer: don't vote the idiots into office. Alcohol numbs brains and kills brain cells so that is why it is legal. Cannabis makes people think and open their minds, that's why it is illegal. Cannabis, LSD, mescaline and all those mind expanders are schedule 1 for a reason. It scared the crap out of the establishment in the sixties.The bottom line here is MONEY! If the states start legalizing Marijuana, it means less money for police departments who depend on the income from arresting people and fining them for having it. So of course your going to have the Anti-Pot people making false statements like "It's a gateway drug". They know it's not, they just want the money to keep flowing in from the arrests. Less money means Cuts to all local law enforcement.

Nostradamus Prophecies for 2014

Nostradamus prophecies for 2014 and after. Interpreted by Astrology and Bible prophecies. The third Antichrist is revealed as Russian President Putin.