Council of Conservative Citizens

Italy borrowed and borrowed until their national debt greatly exceeded their GDP. Now they have to borrow just to pay the interest. Meanwhile massive taxes have driven much of the economy underground, so fewer and fewer citizens are actually reporting their full income. (Think California) In order to receive another $30 Billion in loans, the [...]

The big US banks have bought lots of bad debt from Europe. Instead of being told to deal with their own problem, the FED is going to bail them out again! Meanwhile, bankers who commit large acts of fraud are given inconsequential fines or never prosecuted. China recently EXECUTED two bankers engaged in fraud. Between [...]

Since all Chinese companies are owned by the government they have virtually unlimited capital. Chinese are buying up minerals rights and companies all over the world. They are are even buying up all the mineral rights in Afghanistan by outbidding American companies. Volvo was sold to a Chinese company by the Ford on January 1st, [...]

The award winning 2010 documentary on the US banking system is now available online in a new updated version. Click here to see the national debt clock.

When China and other stopped buying US debt, Federal Reserve Chairman Ben Bernanke simply turned on the presses. The Federal Revers Bank now owns nearly $1.7 trillion in US securities. Over double what they owned last year. The securities are purchased by printing new money and inflating the value of the US dollar. Read More.

County collapses under the weight of Birmingham. One thing the press is not mentioning is the racial makeup of the county. Birmingham is one of America’s blackest cities. The county is 42% black. From SFGate.com… Jefferson County, Alabama, declared the largest municipal bankruptcy in U.S. history, capping a more than three-year saga that turned it [...]

Jin Liqun is supervising chairman of China Investment Corporation. He says China will no longer be buying European bonds to prop up welfare and entitlements in the west. China currently holds $800 Billion in US debt as well. However that dollar amount is now dropping as most Chinese firms have ceased buying US debt. Europe [...]