US Taxpayers Pay 25% of Israel's Defense Budget & List of US Politicians Who Hold Dual US/Israeli Citizenship

Keep at my fellow Americans we've got foreigners' bills to pay too!

Part I

A Reminder: U.S. Pays One Quarter of Israel's Defense Budget

Wednesday, March 04, 2015

(graphic: AllGov)

With Capitol Hill abuzz over Israeli Prime Minister Benjamin Netanyahu's appearance before Congress this week, there is no time like the present for a refresher on how much the American taxpayers spend on Israel's defense.

If it wasn't for Washington's longtime commitment to bolstering the Israel Defense Forces, Netanyahu and Israeli lawmakers would have a serious shortfall on their hands.

After all, the U.S. funds about 25% of Israel's annual spending on its military, thanks to $3 billion a year in aid.

"Since it was founded in 1948, Israel has become the largest single recipient of U.S foreign assistance — a total of $121 billion, almost all of which has been in the form of military assistance," Brandon Ward wrote at Journalist's Resource, citing a 2014 Congressional Research Service report (U.S. Foreign Aid to Israel [pdf]).

Among the items funded by the United States is Israel's Iron Dome anti-missile system. The 2015 budget allows $175.9 million for the system on top of $234 million in 2014 and $704 million in the years before that, according to the report.

The really big-ticket item is a purchase of 19 F-35 fighter planes financed with a $2.75 billion grant. The planes were supposed to have been delivered this year, but problems with the F-35 program have pushed the delivery date to 2016 or 2017.

-Noel Brinkerhoff, Steve Straehley

To Learn More:

U.S. Foreign Aid To Israel: 2014 Congressional Report (Journalist's Resource)

U.S. Foreign Aid to Israel (by Jeremy M. Sharp, Congressional Research Service) (pdf)

Supreme Court Rulings Open Loopholes for Water Polluters (by Noel Brinkerhoff, AllGov)

When Israelis Kill Gaza Civilians, They do so with Weapons Provided by U.S. (by Noel Brinkerhoff, AllGov)

U.S. Aid to Israel Equals $4.9 Million a Day for 64 Years (by Noel Brinkerhoff and David Wallechinsky, AllGov)

via AllGov

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Political Polygamy is Moral and OK for America

Part II

US Politicians Who Hold Dual US/Israeli Citizenship

August 18, 2014

"If Americans were ever polled on it—and they never are—the majority who now object to increasing aid to Israel would also likely object to quasi-governmental and governmental positions being staffed by people who—by citizenship or sheer strength of identity politics—are primarily occupied with advancing Israeli interests rather than those of the United States. It is obvious that the real reason AIPAC and its economic luminaries such as Fischer never substantiate any of the advertised benefits the U.S.-Israel "special relationship" delivers to America in return for all of the costs is simple—there simply aren't any. As greater numbers of Americans become aware that the entire "special relationship" framework is sustained by nothing more than Israel lobby campaign-finance and propaganda networks, the harder the lobby will have to work… In the very short term, Americans can only fight such undue Israel lobby influence by again—like during the drive to attack Syria—staging a mass action to demand their senators reject Stanley Fischer's nomination," Grant Smith, IRMEP

Past and Present:

1. Attorney General – Michael Mukasey
2. Head of Homeland Security – Michael Chertoff
3. Chairman Pentagon's Defense Policy Board – Richard Perle
4. Deputy Defense Secretary (Former) – Paul Wolfowitz
5. Under Secretary of Defense – Douglas Feith
6. National Security Council Advisor – Elliott Abrams
7. Vice President Dick Cheney's Chief of Staff (Former) – "Scooter" Libby
8. White House Deputy Chief of Staff – Joshua Bolten
9. Under Secretary of State for Political Affairs – Marc Grossman
10. Director of Policy Planning at the State Department – Richard Haass
11. U.S. Trade Representative (Cabinet-level Position) – Robert Zoellick
12. Pentagon's Defense Policy Board – James Schlesinger
13. UN Representative (Former) – John Bolton
14. Under Secretary for Arms Control – David Wurmser
15. Pentagon's Defense Policy Board – Eliot Cohen
16. Senior Advisor to the President – Steve Goldsmith
17. Principal Deputy Assistant Secretary – Christopher Gersten
18. Assistant Secretary of State – Lincoln Bloomfield
19. Deputy Assistant to the President – Jay Lefkowitz
20. White House Political Director – Ken Melman
21. National Security Study Group – Edward Luttwak
22. Pentagon's Defense Policy Board – Kenneth Adelman
23. Defense Intelligence Agency Analyst (Former) – Lawrence (Larry) Franklin
24. National Security Council Advisor – Robert Satloff
25. President Export-Import Bank U.S. – Mel Sembler
26. Deputy Assistant Secretary, Administration for Children and Families – Christopher Gersten
27. Assistant Secretary of Housing and Urban Development for Public Affairs – Mark Weinberger
28. White House Speechwriter – David Frum
29. White House Spokesman (Former) – Ari Fleischer
30. Pentagon's Defense Policy Board – Henry Kissinger
31. Deputy Secretary of Commerce – Samuel Bodman
32. Under Secretary of State for Management – Bonnie Cohen
33. Director of Foreign Service Institute – Ruth Davis
34. Federal Reserve Chair – Janet Yellen
35. Federal Reserve Vice-Chair – Stanley Fischer

Current (and past) Members of Senate:

  Representative Gary Ackerman (New York)

  Representative John H. Adler (New Jersey)

  Representative Shelley Berkley (Nevada)

  Representative Howard Berman (California)

  Representative Steve Cohen (Tennessee)

  Representative Susan Davis (California)

  Representative Eliot Engel (New York)

  Representative Bob Filner (California)

  Representative Barney Frank (Former) (Massachusetts)

  Representative Gabrielle Giffords (Arizona)

  Representative Jane Harman (California)

  Representative Paul Hodes (New Hampshire)

  Representative Steve Israel (New York)

  Representative Steve Kagen (Wisconsin)

  Representative Ronald Klein (Florida)

  Representative Sander Levin (Michigan)

  Representative Nita Lowey (New York)

  Representative Jerry Nadler (New York)

  Representative Jared Polis (Colorado)

  Representative Steve Rothman (New Jersey)

  Representative Jan Schakowsky (Illinois)

  Representative Adam Schiff (California)

  Representative Arlen Specter (Pennsylvania)

  Representative Allyson Schwartz (Pennsylvania)

  Representative Brad Sherman (California)

  Representative Debbie Wasserman Schultz (Florida)

  Representative Henry Waxman (California)

  Representative Anthony Weiner (New York)

  Representative John Yarmuth (Kentucky)

House of Representatives:

  Representative Gary Ackerman (New York)

  Representative John H. Adler (New Jersey)

  Representative Shelley Berkley (Nevada)

  Representative Howard Berman (California)

  Representative Steve Cohen (Tennessee)

  Representative Susan Davis (California)

  Representative Eliot Engel (New York)

  Representative Bob Filner (California)

  Representative Barney Frank (Massachusetts)

  Representative Gabrielle Giffords (Arizona)

  Representative Alan Grayson (Florida)

  Representative Jane Harman (California)

  Representative Paul Hodes (New Hampshire)

  Representative Steve Israel (New York)

  Representative Steve Kagen (Wisconsin)

  Representative Ronald Klein (Florida)

  Representative Sander Levin (Michigan)

  Representative Nita Lowey (New York)

  Representative Jerry Nadler (New York)

  Representative Jared Polis (Colorado)

  Representative Steve Rothman (New Jersey)

  Representative Jan Schakowsky (Illinois)

  Representative Adam Schiff (California)

  Representative Allyson Schwartz (Pennsylvania)

  Representative Brad Sherman (California)

  Representative Debbie Wasserman Schultz (Florida)

  Representative Henry Waxman (California)

  Representative Anthony Weiner (New York)

  Representative John Yarmuth (Kentucky)

---

There are no better people to run America than European American people. European peoples should be able to organize and advance their own interests just like every other group.

via american3rdposition

Take Your Money And Run!! Global Central Bank Conspiracy Exposed - Next Step: Confiscating Your Bank Deposits

February 26, 2015 By Susan Duclos - All News PipeLine "The bottom line: what we have now is a worldwide conspiracy between the central banks and our policymakers who are determined to keep the system managed in their interest at all costs. But who will lose in the end because of this merger? We will as a collective people." - Gregory Mannarino, Seeking Alpha In the first video below Gregory Mannarino exposes the "lethal combination" of central banks morphing with politics as the global central banks, specifically the Federal Reserve, who in their own words must take "extraordinary measures," to prop up a failing system. Mannarino asserts that their desperation has gotten so bad that the Fed is requiring banks to buy debt (since 2012) which directly exposes depositors to an asset that can never be paid back. We are informed that these measures will assure the banks' survival in the worst of time as he asks "what about yours?" In the second video below, author, attorney, speaker, and activist Ellen Brown joins Dan Schultz at New Culture Radio, and tells us the next step in their disastrous plans, the legal mechanisms already in place, is to confiscate depositors funds. As has been explained before, once money is deposited into a bank it no longer belongs to the depositor who is then considered a "creditor" and when the banks can no longer pay their bills, those depositors are last in line behind their other creditors.

via allnewspipeline

Will Uncle Sam get your IRA?

Posted on February 13, 2015 by Pat Heller

I have written a number of times that I expect the U.S. government will eventually take or somehow get control of all assets in private retirement accounts, including precious metals individual retirement accounts. The basic reason for this expectation is that the U.S. government is running up tens of trillions of dollars of debts and unfunded liabilities. The trillions of dollars of private retirement account assets are just too big a target for the politicians and bureaucrats to leave alone.

Will Uncle Sam get your IRA?

Will Uncle Sam get your IRA?

An early attempt by the government to take control of such assets came soon after President Clinton took office. As now structured, income taxes are not paid on most retirement accounts until the assets are withdrawn. This event to collect income taxes usually occurs years down the road.

In the early 1990s, that concept was turned around. The proposal was to impose a 15 percent tax on all existing private retirement accounts, then tax new contributions also at the 15 percent rate.  The payoff for taxpayers was that any future withdrawals would be tax free.

A new plan was presented to the House Committee on Education and Labor in hearings on Oct. 7, 2008, by Professor Teresa Ghilarducci. This proposal was for the U.S. government to seize all private retirement assets and replace them with Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration. The only assets that would be allowed into these new Accounts would be U.S. Treasury bonds paying 3 percent interest (indexed for subsequent Consumer Price Index changes).

Further, the plan called for 5 percent of payrolls to be withheld, on top of existing Social Security and Medicare tax withholdings, for deposit into these GRAs.  The last feature of this proposal is that upon the death of the account holder, part of the remaining assets would be forfeited to the U.S. government. That was a huge change where all private retirement account assets, up to now, go to the heirs.

The one bonus to bribe Americans to go along with the nationalization of private retirement accounts was that the assets would be converted to government bonds as of their value at a designated earlier date when most paper assets such as stocks, bonds and currencies were mostly at a higher value than they were in October 2008. Given the opportunity to recoup some of the losses that retirement accounts had suffered in 2007 and 2008, this was a definite enticement.

In September 2010, the Departments of Labor and Treasury held joint hearings to advocate that, upon retirement, the assets in private retirement accounts would be converted into annuities, where the residual assets upon death would ultimately all be retained by the U.S. government.

In January 2014, during his State of the Union address, President Obama proposed the establishment of the MyRA. This is initially a voluntary program for lower-income Americans to set aside some after-tax dollars to earn income that can later be withdrawn tax-free. However, there are several limitations. First, these accounts can only own U.S. Treasury debt that pays the same interest rate as the Thrift Savings Plan’s Government Securities Investment Fund. This fund was paying less than 2 percent at the time of the President’s proposal. A second major limitation is that accounts could not exceed $15,000 in total value. Further, these accounts cannot exist longer than 30 years.

Starting two months ago, a small number of these MyRA accounts have been established.
 

Investment writer Doug Fabian has described an all-too-plausible scenario that he expects to happen before the end of President Obama’s term. He anticipates that there will be some major financial crisis in the United States, greater than the Great Recession of last decade, where investors will see the values of their stocks, bonds and other assets mostly plummet.

This could be triggered by any number of incidents. As some examples, Greece could leave the European Monetary Union, which would force many major American and foreign banks to write down tens of billions of dollars of bonds that they are now carrying at face value.  The developing fall in demand for upper-end U.S. housing could expand to all housing nationwide, leaving U.S. banks with massive bad debts that risk their survival. Or local, school district, regional, and state governments all across America could be forced into bankruptcy after the Governmental Accounting Standards Board issues their pronouncements in June requiring these entities to more fully report the extent of their tens of trillions of dollars of unfunded liabilities for employee pensions and retiree health care benefits. There are many other possible crises, but this gives you an idea of how massive a financial crisis could occur.

At the time when such a financial crisis hits, private retirement account assets will almost all drop in value – by a lot.  If, or when, this occurs, there will be a huge groundswell from people who no longer have enough wealth to retire. Mr. Fabian theorizes that this will be the perfect time for the federal government to modify MyRA accounts to accept unlimited asset transfers from existing private retirement accounts. By the federal government offering people the opportunity to get credit for the value of their assets before the financial crisis was triggered, Fabian expects that a high percentage of Americans would voluntarily be eager to turn their retirement assets into loans to the U.S. Treasury.

Such a scenario would be a power-grabbing politician’s dream. Instead of being thought of as a President who stole people’s retirement assets, the person in charge in such circumstances were be hailed as a savior. Unfortunately, I think the risk of such events coming to pass by the end of 2016 are high enough that Americans need to prepare their finances sooner rather than later.

Should any huge financial crisis come to pass, expect to see a surge in demand for precious metals, especially gold and silver. Other portable tangible assets such as rare coins and paper money will also likely experience stronger demand.  However, the increased demand for such assets will not be for placement in retirement accounts.  Instead, look for the surge in demand to be for assets that can be owned and possessed directly.

Patrick A. Heller was the American Numismatic Association 2012 Harry Forman Numismatic Dealer of the Year Award winner. He is the owner emeritus and communications officer of Liberty Coin Service in Lansing, Mich., and writes “Liberty’s Outlook,” a monthly newsletter on rare coins and precious metals subjects. Past newsletter issues can be viewed at http://www.libertycoinservice.com. Other commentaries are available at Coin Week (http://www.coinweek.com and http://www.coininfo.com). He also writes a bi-monthly column on collectibles for “The Greater Lansing Business Monthly” (http://www.lansingbusinessmonthly.com/articles/department-columns). His Numismatic Literary Guild award-winning radio show “Things You ‘Know’ That Just Aren’t So, And Important News You Need To Know” can be heard at 8:45 a.m. Wednesday and Friday mornings on 1320-AM WILS in Lansing (which streams live and becomes part of the audio and text archives posted at http://www.1320wils.com).  

via numismaticnews

Largest bracket of taxpayers in US made up by those making $15,000 a year or less...and

...  Half of all federal taxes paid by those making $250,000 or more. Sample $50,000 budget.

Posted by mybudget360

New IRS tax filing data sheds an interesting light on the American economy. Americans for the most part comply with paying their taxes as measured against other countries. However, when we look at tax data we get an interesting picture on the low wage economy. As it turns out, the largest tax bracket comes in the form of those making $15,000 or less per year (this group makes up 25% of tax filings).

What the data also finds is that households making $250,000 a year or more make up 2.4% of filers but pay 26% of all federal income tax. So when we hear about large spending proposals we have two ways to fund them. It means higher taxes or simply more deficit spending. We’ve already covered how inflation is really hitting the family budget even though we continue to hear stories to the contrary. Just look at the actual numbers on real life spending. The IRS data always gives us a nice look at how household spending is measuring up.

IRS tax data

Over 90 million tax returns report a household income of $50,000 per year or less. What this means is that over 60 percent of American households are reporting annual income of less than $50,000 per year. According to Census data the typical American household makes approximately $50,000 per year. Since most families are part of the two-income trap, the per worker wage of $27,000 per year makes sense.

Take a look at the IRS data below:

 Source: IRS

The bulk of the federal income tax is paid by those making $50,000 per year to $200,000. Then you have another big chunk of taxes being paid by those making $250,000 or more. Yet this is strictly federal income tax. This fails to capture the following taxes:

 -Social Security taxes
-Medicare taxes
-Sales taxes
-Property taxes

When these taxes are included, the burden is large on everyone. We can argue the merits of tax rates or the politics of paying taxes but the reality is, if we continue to run current deficits and spend as we do there will be more taxes or more debt. That is simply the reality of the situation.

Take a look at current expenses and revenues:

The government is spending over $3.8 trillion but brining in less than $3.4 trillion. If this was a regular household it would be digging a deeper hole each and every year. Yet the government has the ability to digitally print debt and fund its way out. However you have the slow methodical process of causing inflation to hit working class Americans which is the bulk of households based on IRS tax data.

I’ve covered budgets on households making $46,000 a year. Here is a budget for someone living in a high cost market:

Housing is the big variable here since high cost areas will consume a sizable portion of your budget versus most of the country where real estate is reasonably priced. But with Wall Street buying up many rental properties, rents have gone up much faster than incomes.

The IRS tax data paints an interesting picture of our current economy and revenues. If we want to continue spending like we are, we will be facing higher taxes or more debt.

That is just the simple math of the situation.


source mybudget360

▶ SHOCKING Report Reveals Government STEALING Pension Funds! - YouTube

The Money GPS ~ Author Exposing the Truth

Sources:
"Is Your Pension Courting Catastrophe? - Bloomberg View"
http://www.bloombergview.com/articles...
"Detroit attorney says pension cuts actually close to 50 percent - World Socialist Web Site"
http://www.wsws.org/en/articles/2014/...
"Public service unions not entitled to $28B pension surplus, says Supreme Court | Toronto Star"
http://www.thestar.com/news/canada/20...
"Portugal raids pension funds to meet deficit targets - Telegraph"
http://www.telegraph.co.uk/finance/fi...
"Hungarian savers say government is stealing their pensions | Reuters"
http://www.reuters.com/article/2014/1...
"Russia Seized Citizens Pension Funds. Could That Happen in the U.S.? - Businessweek"
http://www.businessweek.com/articles/...
"UPDATE 2-Poland reduces public debt through pension funds overhaul | Reuters"
http://www.reuters.com/article/2013/0...
"Argentina seizes pension funds to pay debts. Who's next? – Telegraph Blogs"
http://blogs.telegraph.co.uk/finance/...
"How the West Was Lost: Fifty Years of Economic Folly - And the Stark Choices ... - Dambisa Moyo - Google Books"
https://books.google.ca/books?id=ivXM...

ECB to launch €1.1 trillion of quantitative easing

On one of these ECB monetary leaps of fiat faith the ECB will not have a bungee cord for its sovereign members. Maybe this time off the cliff is that monetary jump. Watch out below. Take a selfie for posterity. This will raise the curtain for the next planned "rescue"Act; entrance stage left: NAU and the Amero. Insurance policies with no "free look" period.

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ECB to launch €1.1 trillion of quantitative easing

Posted by VNN on January 24, 2015

 

By buying eurozone governments’ bonds using electronically created money – so-called quantitative easing– the ECB hopes to shore up confidence, boost inflation, and drive down the value of the euro on foreign exchanges, helping to boost exports and kickstart growth.

European Central Bank President and ex-Goldman Sachs Managing Director Mario Draghi.

Mario Draghi, president of the European Central Bank, has announced that he will pump €1.1tn at a rate of €60bn a month into financial markets until September 2016, in an attempt to prevent the fragile eurozone economy from grinding to a halt.

In a keenly anticipated announcement at the ECB’s headquarters in Frankfurt, Draghi said the operation would continue, “until we see a sustained adjustment in the path of inflation”.

By buying eurozone governments’ bonds using electronically created money – so-called quantitative easing– the ECB hopes to shore up confidence, boost inflation, and drive down the value of the euro on foreign exchanges, helping to boost exports and kickstart growth.

The €60bn a month figure includes the purchases of private sector assets that the ECB had already begun to try to unlock credit markets.

Draghi said the decision on the ECB’s governing council was made with “so large a majority that no vote was necessary”.

The launch of QE is likely to infuriate Berlin, which views it as akin to a bailout for free-spending governments such as Greece. However, with average prices already falling across the eurozone, the ECB wants to avoid the threat of a deflationary spiral, in which consumers and businesses slash spending while they wait for prices to fall further, dragging the economy into a slump.

“While the sharp fall in oil prices over recent months remains the dominant factor driving current headline inflation, the potential for second-round effects on wage and price-setting has increased and could adversely affect medium-term price developments,” Draghi said.

In a concession to the Germans, Draghi promised that national central banks would bear most of the risk of their governments defaulting, with just 20% of the new bond-purchases subject to “risk-sharing”. In an aside that will be heard loud and clear in Athens, Draghi also warned that, “some additional eligibility criteria will be applied in the case of countries under an EU/IMF adjustment programme”. That could allow the ECB to exclude Greek bonds from QE if, for example, a future Syriza government ditched the austerity programme imposed by its creditors.

Syriza supporters in Athens greeted the exit polls with jubilation

 Draghi has promised to do “whatever it takes” to safeguard the single currency, and has repeatedly signalled in recent months that with eurozone inflation slipping well below the ECB’s 2% target, he felt more action was necessary. However, he stressed that QE alone would not repair the eurozone economy, and reforms by member-country governments would also be necessary.

“What monetary policy can do is to create the basis for growth, but for growth to pick up you need investment, for investment you need confidence, and for confidence you need structural reforms”. He urged governments urgently implement reforms, saying, “the more they do, the more effective our monetary policy will be.”

The ECB had already announced, in a statement earlier on Thursday, that it would leave its main interest rate unchanged at 0.05%.

Source: theGuardian

These States Will Revoke Your Driver’s License If You Can’t Pay Back Student Loans

January 19, 2015

(Reagan Ali) Most of the nation is unaware of it, but there are two states which will take your driver’s license away if you do not pay your student loans.

Alums in both Montana and Iowa, face laws that allow the state to revoke driver’s licenses if the individual is unable to pay back their loans.

This has obvious consequences for potential employment, as well as childcare, creating a downward spiral of self-perpetuating poverty.

The Montana Department of Justice says that those who default on their student loans face “indefinite suspension until student loan association notifies Motor Vehicle Division of compliance.”

The Department of Motor Vehicles in Iowa parallels this legislation almost identically. The law says that the State will “suspend a person’s driver’s license upon receiving a certificate of noncompliance from the College Student Aid Commission in regard to the person’s default on an obligation owed to or collected by the commission.”

But the group Jobs With Justice notes that in October 2010, there were also 42 nurses in Tennessee who similarly had their licenses suspended for nothing other than falling behind on their student loans.

The irony of all of this is that taking away the ability to drive makes student loan defaulters even more certain to fall behind on payments.

In effect, this is little different than debtors prison, which, in a misguided effort to deter loan default, actually perpetuates it.

Source govtslaves

555 Trillion Reasons Why Central Banks Won't Let Rates Normalize

 

Submitted by Phoenix Capital Research on 01/13/2015

The biggest question for most investors today is that whether or not rates will rise in 2015.

This question is focusing on the wrong issue: the economy. It should be focusing on the REAL issue: the bond bubble.

The Fed may raise rates a token amount this year, but the move will be largely symbolic. With over $100 trillion in bonds and over $555 TRILLION in interest rate derivatives trading based on interest rates, the Fed will not be normalizing rates at any point in the future.

Indeed, former Fed Chairman Ben Bernanke admitted this in private during a closed-door luncheon with several hedge funds last year. Bernanke’s exact words were that rates would not normalize anytime during his “lifetime.”

So the Fed may raise rates from 0.25% to say 0.3% or possibly even 0.5%. But we won’t be entering a hawkish period for the Fed by any means.

The reason is very simple… any normalization of rates would implode the bond market.

The fact is that much of the globe, particularly the developed west, is up to its eyeballs in debt. Mind, you, this is based solely on official public debt numbers.  If you include unfunded liabilities, then the US, most of Europe, Japan, and even China are sporting Debt to GDP ratios well over 300%.

In the US, a 1% increase in interest rates means over $100 billion more in interest rate payments. The US is already running a deficit (meaning that it spends more than it takes in via taxes) and has been for most of the last 20 years.

Of course, the deficit could become larger to service the increase in interest payments, but with the US already having to resort to issuing NEW debt to cover OLD debt that is coming due, this is a slippery slope. The US issued over $1 trillion in new debt in an 8-week period for precisely this purpose.

The reality is as follows:

1)   Bonds are the biggest bubble in history, dwarfing even the real estate bubble of the mid-2000s.

2)   This bubble also encompasses the bubble in Central bank policy. Every single Central Bank policy is focused on maintaining the bond bubble and the TBTF banks with the greatest derivative exposure to it.

3)   When the bond bubble bursts, entire nations will fail, as will the Central Banks themselves. Draghi, Yellen, Kuroda et al will do everything in their power NOT to allow the system that has put them at the top of the economic food-chain to collapse no matter what the costs for ordinary citizens.

4)   Rates will only rise significantly ONCE the bond bubble bursts. There may be symbolic raises here and there, but with over $555 trillion in derivatives based on interest rates floating in the system globally, you can bet there will NEVER be a shock and awe interest rate raise.

5)   This bubble, like all bubbles, will eventually burst no matter what the Central Banks do. When it does, everything about modern finance will prove misguided and based solely on the belief that Central Banks can control the system.

If you’ve yet to take action to prepare for the second round of the financial crisis, we offer a FREE investment report Financial Crisis "Round Two" Survival Guide that outlines easy, simple to follow strategies you can use to not only protect your portfolio from a market downturn, but actually produce profits.

You can pick up a FREE copy at:

http://www.phoenixcapitalmarketing.com/roundtwo.html

Best Regards

Phoenix Capital Research

Source ZeroHedge