*Written by Rob Rimes.

Yesterday was a pretty emotional day for Paul supporters everywhere. The Paul campaign announced that they would no longer compete in the states that have not yet voted as it would cost too much money moving forward. In fact, here is what Ron Paul said himself:

Moving forward, however, we will no longer spend resources campaigning in primaries in states that have not yet voted. Doing so with any hope of success would take many tens of millions of dollars we simply do not have.

This is completely understandable and really just goes to show how fiscally responsible Dr. Paul truly is, especially when comparing him to his conservative counterparts who spent themselves into oblivion and racked up some serious campaign debt. With that being said, this is only more reason to vote for the man as he knows where to draw the line and also knows what all of Paul supporters know, which is that we will all continue to vote for the man regardless of the campaign’s inability to compete with the Wall Street funded Mitt Romney. When those Occupy kids are looking for a leader it should probably be the guy whose campaign is funded by the downtrodden 99 percent as opposed to the 1 percent big bank bank funded candidates like Romney and Obama.

This doesn’t mean that Paul is completely out of this race. As was just mentioned, his supporters are loyal and will vote for him despite this seemingly tragic pitfall. The hunt for delegates will continue and ultimately, Ron Paul will continue to surprise the doubters and make a serious impact on this race. This isn’t blind faith or overly-loyal Paulbot idiocy, this is facts. I doubted the campaign’s strategy but have since learned that in the realm of acquiring delegates, they are doing a hell of a job. The media doesn’t accurately report on what’s going on in the delegate hunt and honestly, you can go to various mainstream media sites and look at their delegate counts and the numbers don’t match – corporate media is clueless. Romney may have been announced the winner in Maine but Paul walked away with the most delegates. Santorum and Gingrich have lost theirs and with 11 states left to vote, Paul could continue to be a thorn in the side of the establishment beast. As I’ve said many times, this isn’t about winning, this is about the message and gaining enough support to stamp it on the leviathan’s forehead before it is once again let loose on the masses. In other words, Paul might not win the fight but he is going to break a motherfucker’s nose.

Even though the mainstream media has been quick to gleefully write Paul off as a quitter, his forces are moving forward – just more covertly in a way that is unique and foreign to these political experts spewing regurgitated pre-written bullshit through our television and radio speakers. In order to dispel the mainstream hogwash, Paul’s chief strategist Jesse Benton sent out an official statement. Here is some of what that memo states:

Let me be very clear. Dr. Paul is NOT ending his campaign. As Dr. Paul has previously stated, he is in this race all the way to the Republican National Convention in Tampa this August. Looking ahead, our campaign must honor that trust by maximizing our resources to ensure the greatest possible impact at the National Convention. So while our campaign is no longer investing in the remaining primary states, we will continue to run strong programs at District and State Conventions to win more delegates and alternate delegates to the National Convention.

To this end, our campaign has several positive and realistic goals: 1) Having recently WON Maine, we believe we can win several more states. 2) We will win party leadership positions at both the state and national level. 3) We will continue to grow our already substantial total of delegates.

We will head to Tampa with a solid group of delegates. Several hundred will be bound to Dr. Paul, and several hundred more, although bound to Governor Romney or other candidates, will be Ron Paul supporters.

Unfortunately, barring something very unforeseen, our delegate total will not be strong enough to win the nomination. Governor Romney is now within 200 delegates of securing the party’s nod. However, our delegates can still make a major impact at the National Convention and beyond. All delegates will be able to vote on party rules and allow us to shape the process for future liberty candidates.

We are in an excellent position to make sure the Republican Party adds solid liberty issues to the GOP Platform, which our delegates will be directly positioned to approve. Our campaign is presently working to get several items up for consideration, including monetary policy reform, prohibitions on indefinite detention, and Internet freedom.

Finally, by sending a large, respectful, and professional delegation to Tampa, we will show the Party and the country that not only is our movement growing and here to stay, but that the future belongs to us…

Considering that two of the biggest states, California and Paul’s home state Texas, haven’t yet voted, there are a shitload of delegates that could easily go Paul’s way, especially since he has performed well in both of those states. The race is still as interesting as it has been all along, even though the media is ignoring Paul and pretending he isn’t even a part of this race anymore. Their “out of sight, out of mind” strategy hasn’t worked in the past and it won’t work this time. Paul supporters aren’t going anywhere and their numbers will continue to expand.

In retrospect, was this even about winning the presidency or was this about turning the Republican Party on its head and making a real difference? Is this really about shattering one half of the two-party mold in an effort to fix the system from within? If so, will it work? Either way, this game has been well-played by the Paul camp and ultimately it’s up to us everyday people to see that the message is sent and clearly understood. From here on out, this game is going to get pretty fucking filthy. Put on your gloves because we aren’t done swingin’!

Occupy Wall Street demonstrators, whose anti-greed message spread worldwide during an eight-week encampment in Lower Manhattan last year, plan marches across the globe tomorrow calling attention to what they say are abuses of power and wealth.

Organizers say they hope the coordinated events will mark a spring resurgence of the movement after a quiet winter. Calls for a general strike with no work, no school, no banking and no shopping have sprung up on websites in Toronto, Barcelona, London, Kuala Lumpur andSydney, among hundreds of cities in North America, Europe and Asia.

CONTINUED at Bloomberg.

The world’s biggest banks are working with one another and police to gather intelligence as protesters try to rejuvenate the Occupy Wall Street movement with May demonstrations, industry security consultants said.

Among 99 protest targets in midtown Manhattan on Tuesday are JPMorgan Chase and Bank of America offices, said Marisa Holmes, a member of Occupy’s May Day planning committee.

Events are scheduled in more than 115 cities, including an effort to shut down the Golden Gate Bridge in San Francisco, where Wells Fargo investors relied on police to get past protests at their annual meeting this week.

“Our goal is to kick off the spring offensive and go directly to where the financial elite play and plan,” she said.

After evictions and arrests from Manhattan’s Zuccotti Park to London that began last year, the movement against income inequality and corporate abuse will regain strength, said Brian McNary, director of global risk at Pinkerton Consulting & Investigations.

CONTINUED at The San Francisco Chronicle.

Our beloved TG boys staging a protest. This cut is from Season 13, Episode 03. Enjoy!

For more of Top Gear:
www.topgear.com
www.finalgear.com

The Democrats, the Republicans and especially Barack Obama promised that something would be done about the too big to fail banks so that they would never again be a threat to destroy our financial system.  Well, those promises have not been kept and the too big to fail banks are now muchbigger and much more powerful than ever.  The assets of the five biggest U.S. banks were equivalent to about 43 percent of U.S. GDP before the financial crisis.  Today, the assets of the five biggest U.S. banks are equivalent to about 56 percent of U.S. GDP.  So if those banks were “too big to fail” before, then what are they now?  They continue to gobble up smaller banks at a brisk pace, and they continue to pile up debt and risky investments as if a day of reckoning will never come.  But of course a day of reckoning is coming, and when it arrives they will be expecting more bailouts just like they got the last time.

The size of these monolithic financial institutions is truly difficult to comprehend.  They completely dominate our financial system and everywhere you look they are constantly absorbing more wealth and more power.  The following comes from a recent Bloomberg article….

Five banks — JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc., Wells Fargo & Co. (WFC), and Goldman Sachs Group Inc. — held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, according to central bankers at the Federal Reserve.

Five years earlier, before the financial crisis, the largest banks’ assets amounted to 43 percent of U.S. output. The Big Five today are about twice as large as they were a decade ago relative to the economy

Despite all of the talk from the politicians, they just keep getting bigger and bigger and bigger.

So why isn’t anything ever done?

CONTINUED at the Economic Collapse.

We’ve known for a while that banks are lacking on a number of mobile fronts–security measures, remote checking deposit, and SMS texting to name a few–but new research shows those aren’t the only areas where they fall short.

Swiss research firm MyPrivateBanking analyzed mobile offerings from 50 worldwide bank branches to find out if they were doling out the services customers want most.

They aren’t: Researchers found “significant short-comings when compared to the list of the features desired by users,” according to the report. “Only the most basic functions such as an account overview and Branch-/ATM-finder are offered by more then 80% of the banks.”

What people really want are tools that go beyond checking their balances and transfering funds. That means direct access to financial advisers (chat, video or podcast) and the highest level of security possible.

At the time, only about one-third of banks studied offered these.

CONTINUED at Business Insider.

The Federal Reserve’s explicit goal is to devalue the dollar by 33%.

As Forbes’ Charles Kadlec notes:

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

***

The Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.

While that is stunning, it is actually par for the course for the Fed:

Here’s a chart of the trade weighted US Dollar from 1973-2009.

CONTINUED at Washington’s Blog.

*Written by Rob Rimes.

Introduction:

I don’t hate Mitt Romney but I am certainly not a fan, which should be obvious at this point. I do hate the goddamned media for giving him an unfair advantage over the other candidates but truthfully, that isn’t his fault. Romney isn’t the absolute worst presidential choice out there, which many of my colleagues and readers may disagree with vehemently, but he is still a progressive statist bastard that is hellbent on controlling the lives of all of us in an effort to keep the giant wheel of the establishment machine rolling. I have been nasty to the guy many times in my countless diatribes about the 2012 election but my distaste and malcontent has been for a very good reason. Point being, I know that Romney can’t save this country and I feel that this is painstakingly obvious even though I find myself completely befuddled over the fanfare and support that this guy gets, not just form the media – their support is understandable, but from the conservative voting public who are all pretty much in unison behind this guy’s idea of smaller government, less taxes and squashing the budding police state. This guy will not solve any of those problems. In fact, he will only magnify them and dig our giant pit of legislative bullshit deeper and deeper. Hell, the pit is practically bottomless at this point but electing Mitt Romney will only solidify that fact even further.

I’m certainly not saying that Obama is a better choice out of the two. Realistically, I don’t think there is much difference between one or the other. This is a prime example of there being just one big government party with two wings: one that wears blue shirts with donkeys on them and one that wears red shirts with elephants on them. The worst part about this is that most “conservatives” are following Romney, as well as Gingrich and Santorum, believing in the hypocritical rhetoric that they’ve got a small government guy on their side who will fight for them. Realistically, those who support these guys are ignorant in economics and foreign policy. It is incredibly unfortunate but as Ron Paul said in a recent debate, “Conservatives have lost their way.”

Now I can’t completely cover every negative thing on Romney’s record, as there is a lot, but I am going to talk about a few points. In the end, it is really your decision as to where you want to put your vote but you really need to think this through and ask yourself where you want to be in four years. Do you want to be climbing out of the hole or do you want to be yelling at the guys that are still digging and digging?

Smaller Government:

The first thing worth getting into is definitely the issue of Mitt claiming that he’ll work towards making government smaller. Mitt Romney, who has preached for this over the course of all these debates, has a really shitty record of practicing what he’s been preaching. In reality, Mitt has been feeding into the desires of the voter base and has been stringing them along with his version of the popular rhetoric of the day. The sad thing is that many of the people who support this douchenugget are taking all this bullshit at face value and not looking at reality. Truthfully, maybe Romney actually believes his empty words and his supporters might not be adept enough to see through the Orwellian doublespeak. Let me rundown his track record of big government bullshit by ripping the fucking band-aid off: exposing the man’s economic sores.

I could write a whole damn article about the monstrosity that is Romneycare but I won’t bore you or myself with the details that have already been recycled a million times and beaten into the ground with Thor’s hammer by every critic for several years now. I’m over the Romneycare issue personally. I don’t like it, I think it’s shit, it was the blueprint for what became Obamacare but it was done at the state level, not the federal level and most Bay Staters still approve of it, so that is their economic cross to bear.

One thing that many Romney supporters don’t know or just choose to ignore is the fact that he significantly raised taxes in Massachusetts while he was governor. While preaching fiscal conservatism and pimping himself out as friendly to business, Governor Romney increased the tax bill on businesses by $300 million! He and his cronies also approved hundreds of millions of dollars worth of higher fees and fines on businesses in just four years! Many business owners were incredibly dissatisfied with Romney as governor. Essentially, corporate taxes under Romney almost doubled in just his one term.

I guess the tax hikes were necessary though, as Romney drastically increased spending in Massachusetts. In 2006, Ol’ Mittens increased spending in just that year by 7.6 percent. In 2007, he increased spending again, this time all the way up to 10.2 percent. During just his four years in office, he increased state spending by a total of 20.7 percent! That’s a lot of debt thrown on the taxpayer but at least those hefty tax hikes on corporations absorbed some of the burden. Maybe this tax burden accounts for the fact that Mitt Romney managed the 47th ranked state, out of 50, in the realm of job creation. That brings me to my next point.

Romney has been touting his job creation success while working at Bain Capital. He proudly boasts about creating corporations like Staples, Sports Authority and Steel Dynamics, all of which have created hundreds of thousands of jobs. However, as governor, unemployment was a real problem in Massachusetts. Sure, he did great in the private sector and as Romney himself has said, “Jobs are created in the private sector.” However, all of his job creation skills didn’t translate to success when he reached office. So what makes the public think that this job magician’s magic wand will suddenly work this time? Yes he is a self-professed business master but he couldn’t tap into that while running Massachusetts so essentially his trial run at it was a failure. On the issue of Romney’s job creation woes, Boston Herald business reporter Bret Arends wrote:

During the four years Mitt Romney was governor of Massachusetts, it had the second worst jobs record of any state in America…it wasn’t a regional issue. The rest of New England created nearly 200,000 jobs.

The question no one ever seems to ask Governor Romney is how many jobs were destroyed in an effort to build his monstrous corporations. Now I am not attacking him for building giant successful businesses, as that is the nature of the beast – good or bad. I am just trying to point out how skewed these sorts of statistical claims are because if you created say 300,000 jobs but your new businesses eliminated the jobs of say 250,000 people whose businesses you closed down through competition, well then you’ve only really created 50,000 jobs. This is a simple ballpark example but it should show you how some statistical claims can be made when you only tell one side of the story. Hell, government has been using these sorts of statistical tactics for years when releasing inaccurate numbers to sway public opinion for a candidate, a bill or whatever else they have needed public approval on.

Another issue that shows how non-small government this ass clown is, is the TARP bailouts. Mittens hates when people bring the subject up and has gone as far as lying and completely denying that he ever supported it but there is tons and tons of evidence that says otherwise. In fact, Romney was incredibly passionate about poorly run banks getting a massive taxpayer funded bonus for sucking at business. On CNN, a few years back during the bailouts, Romney said:

I think there is a need for economic stimulus. Americans have lost about $11 trillion dollars in net worth. That translates into about $400 billion dollars a year less spending that they’ll be doing, and that’s net of additional government programs like Medicaid and unemployment insurance. And government can help make that up in a very difficult time. And that’s one of the reasons why I think a stimulus program is needed.

Sounds like small government to me! So why would he be so pro-big bank? Well, let’s look at his top campaign contributors from a recent list. His top contributor is Goldman Sachs who gave $354,700. Next up is Credit Suisse Group at $195,250 and Morgan Stanley at $185,800. Every other contributor in the six figures is also in the banking industry. You’ve got HIG Capital, Barclays, Kirkland & Ellis, Bank of America, PricewaterhouseCoopers, EMC Corp. & JPMorgan Chase. His top ten contributors are all fucking banks! Occupying Wall Street should start on Mitt’s front lawn! This shows a sharp contrast from Ron Paul whose top three campaign contributors are the Air Force, the Army and the Navy. Paul’s biggest contributor is also a lot less than six figures. So who really understands the plight of the average person? Romney is so far up on the Wall Street crony capitalist ladder than he can’t remember how to get down – not that he wants to.

People that call Barack Obama the Wall Street president haven’t seen anything yet. On campaign contributions from the big banks, Obama has made significantly less than Romney. Goldman Sachs gave Obama $49,124, Morgan Stanley coughed up $28,225, Bank of America gave $46,699, JPMorgan Chase came in at $38,038 and Citigroup was at $36,887. You do the math but it is obvious who the bailed out banking industry supports.

Another thing worth noting is that Romney has gotten more money from lobbyists than all other Republican candidates combined. I guess you need all that special interest money to work towards smaller government. Damn it! That Mitt Romney doublethink is taking over my brain!

The fact of the matter is, love it or hate it, Mitt Romney has a proven track record of being nothing less than one of the heads on the big government hydra. He is an economic nightmare but because people take him at his word and don’t look at his record, he can continue to dupe the masses into thinking that he’s on their side.

Mitt Romney will say anything to get elected.

Continued in Part II: Foreign Entanglements..

*Taken from the Inquisitr.

In a true sign that the “Occupy” movements are not as connected as they should be Occupy Oakland protesters this week deposited $20,000 at a Wells Fargo location, the very type of big bank institution they have been rallying against.

The large deposit comes just one week after several Oakland protesters smashed several windows at a Wells Fargo location and directly after protesters at Occupy San Francisco held a protest outside of a Wells Fargo location.

The $20,000 deposit was agreed upon by the group’s general assembly with a vote of 162-8 with 16 people abstaining.

After the decision was made angry protesters took to Twitter to show their disgust for the deposit:

“I can see the ad now: ‘People’s money is so safe here at Wells Fargo, even our sworn enemies use us for their banking needs!’” wrote @davidcolburn.

CONTINUED..

*Taken from Prison Planet. Written by Paul Joseph Watson. Video at link.

While publicly fearmongering about a new great depression, the sun failing to rise, and the sky falling if the debt ceiling is not hiked, the Obama administration has been secretly telling big banks that there’s no chance of a default, echoing how the 2008 bailout was sold on hyped threats and intimidation of lawmakers.

The rhetoric was heightened yesterday when White House Communications Director Dan Pfeiffer warned that the GOP’s inability to compromise “could potentially put us towards a depression,” adding, “we are seven days away from an unprecedented financial event in this country’s history.”

Treasury Secretary Tim Geithner, who has been busy hyping the inevitability of a default for weeks, again told news shows Sunday that the government would be unable to pay its bills if an agreement is not reached, a talking point that has been enthusiastically parroted by President Obama.

CONTINUED..