Thank you Janet Yellen: New Fed regs mean negative interest on bank deposits

Remember when we used to earn interest on our bank accounts? Ben Bernanke put a stop to that by printing money like it was going out of style. And now Janet Yellen is one-upping him. Forget zero interest, welcome to negative interest.

New Obama Administration reserve rules mean you’ll have to pay the bank to store your money.

The Obama Administration doesn’t want "stability."

They want your money in the stock market, to keep the Dow and Nasdaq and S&P indexes artificially high. The only thing holding their illusion of a "recovery" afloat is the bubble in equities. It’s gotta stay pumped up until Obama leaves office (in order to cement his "legacy") regardless of the risk to individual savers like you and me.

Practically speaking, it means that before all is said and done, banks will be charging usurious rates of interest on even the smallest bank deposits, in a push to get every last "saver" to reallocate their wealth away from pieces of fiat paper into pieces of paper promises (held by the DTCC no less) to be paid by increasingly more cash-flow deficient companies.

The inevitable crash is going to be epic.


Illegal immigrants to receive Social Security, Medicare under Obama action

Under President Obama’s new program to protect millions of illegal immigrants from deportation, many of those affected will be eligible to receive Social Security, Medicare and a wide array of other federal benefits, a White House official said Tuesday.

imageIn his speech Thursday night, the president touted his plan as a means of bringing accountability to a broken immigration system, under which 11 million or more people are estimated to be living in this country illegally.

“First with Obamacare we were told we should pass it and then read it to find out what was in it,” Republican National Committee spokeswoman Kirsten Kukowski said by e-mail. “Now Obama overreached and acted unilaterally on immigration, which should have been vetted and authorized by Congress, and we’re finding out there’s more to the story than Obama and the Democrats originally told Americans.”


GOP Spending Bill Gives Nearly $1 Billion To Aid Border Migrants…

The GOP’s draft 2015 “omnibus” spending bill reportedly includes $948 million to help poor and unskilled Central American migrants establish themselves in the United States, but includes no effective restrictions on President Barack Obama’s plan to provide work permits and tax payments to millions of resident illegal immigrants.

That new spending works out to $16,928 for each of the 56,000 youths, young adults and children who crossed the border during the 12 months up to October 2014.

Much of the $948 million may also be used to care for the next wave of illegals who could flood across the border during the summer. The influx in the summer of 2015 is expected to be large, because Obama is offering work permits and social security numbers to at least five million illegals already in the country.


BREAKING: Massive Breakthrough in IRS Scandal… Obama Is Guilty

The release of these documents reveal that there was clear involvement of the White House in the IRS targeting scandal of conservatives and conservative groups. The Obama administration clearly ordered these confidential taxpayer documents from the IRS for its own political use.