Egyptian Revolution? World Rich Own Both Candidates In Two Party Race In Egypt

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"So soon we’ll find out who is the real revolutionaries;
And I don’t want my people to be tricked by mercenaries.
- Bob Marley

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George Lucas says world will end in 2012

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Of course, rich movie directors know about these things. (nudge, nudge, wink, wink)

Seth Rogen, a comedian and actor, said that he was left speechless by a recent conversation in which George Lucas, the producer of Star Wars and other Hollywood hits, told him of his belief that the world would end in 2012.

Lucas made his claims at a meeting with the actor and Steven Spielberg, the director, to discuss a film project.



WRH's Commentary:

Something tells me that Lucas' project is about the end of the world.

Even if the project gets greenlit today it won't be in the theaters until after the end of the world.

Not much point in cranking the cameras, is there?

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Derivatives “Gambling” By The Very Rich Destroyed Our Economy

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The Very Rich Will Not Allow Congress To Regulate DERIVATIVES

Simple Explanation of Derivatives:

A derivative is a contract, that is all.

It "derives" it's value from something else ... the price of stocks, interest rates ... whatever.

If you have a contract that says that somebody owes you $1000, and you wrote a contract that says that you owe somebody else $1001. Then, in theory you are liable for $1, and the total "notional" value of both contracts is $2001 dollars.

However, in practice when the financial system goes to hell you won't get paid, but you will still owe 1001 dollars, even though you think you just owe $1.

So why is this important? Because the notional value of derivatives on Wall Street is 500 Trillion Dollars, and the economy is going to hell.

More simply stated, every individual in the USA is in the hole for over a million dollars. This should give you a notion of how much the Federal Reserve is willing to bail out Wall Street and hyper-inflate to keep the financial system from collapsing.

There is nothing wrong with derivatives per se, people make contractual agreements all the time.

However, when LTCM went bankrupt in 1998, the Federal Reserve said they would cover LTCM's derivative contracts - which was basically saying "don't worry about the other parties ability to pay, we've got it covered".
Ever since then, nobody cared and the amount of derivatives in the system grew recklessly.

Also, the housing market collapse, was really a collapse of derivatives that were based on the housing market.


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Read also: Derivatives Explained: Pay Heed or The Buccaneers Will Rob Us Blind!

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The Fanatic Who Wrote Sarah Palin’s Memoir

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Palin's co-author

Sarah Palin's most consequential choice since leaving the Governor's Mansion may be her co-author - a staunch conservative, devoted evangelical Christian, and intensely partisan Republican from far, far outside the Beltway.

Lynn Vincent spent the summer working with Palin on a closely-guarded 400 page memoir, "Going Rogue: An American Life."

The book is due out from HarperCollins November 17 - but it shot to the top of the Amazon.com and Barnes & Noble bestseller lists Wednesday as word of its publication spread.

Vincent's past projects include co-writing the memoir of General William Boykin, who blasted the media and President George W. Bush alike for ending his career over his casting the war on terror in overtly religious terms.

Her most political book, "Donkey Cons," describes the Democratic Party since its inception as "pro-gangster" and the "party of treason and subversion."

Her work for World Magazine, where she was an editor, includes a description of President Barack Obama as the "minority survivor" of the "black genocide" - that is, abortion.

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