A rapid military build-up and an unconfirmed road-block maneuver is being conducted, along with a visible exodus of residents in the Barataria Bay area of Jefferson Parish in South Louisiana.

A decade from now we’ll simply have the rich oligarchs and corporatists who will run the political and economic machine, and the working class who’ll do their bidding – kind of like the population make-up of the former East Block countries under socialism/communism.

We would have approved of Warren’s appointment anyway, but Geithner’s opposition makes us want Elizabeth Warren for the job that much more.

China has tried to jump start their economy by infusing lenders with hundreds of billions of dollars, much like the US government has, but to no avail.

The National Inflation Association discusses the possibility of hyperinflation and what effects it might have on the nation’s just-in-time food delivery systems and transportation.

An insider at a major bank tells the Schaef Report that Fannie Mae is one of the few secondary market investors who are refusing to postpone foreclosures while customers are in the midst of a lengthy loan modification process.

Dr. Malik Zulu Shabazz, leader of the new Black Panther Party, says that their party, like the Tea Party, should be armed. Speaking at a Black Panther Party National Convention in Atlanta, Shabbaz said, “of course we should be armed mentally, culturally, and spiritually. If you don’t think we need to be in self defense, according for those (sic) who are watching, to our second amendment rights – if you think we should go less than our so-called Constitutional rights, you’re out of your mind.”

The end result for the residents of Oakland will be higher crime, perhaps even in violent crimes as criminals get more confident that police will take longer to respond, if they respond at all. For those in Oakland, or any city facing budgetary problems, we highly recommend acquiring self defense capabilities and preparing security layers within your personal residence.

The health impacts to those who are exposed to flooding, toxic fumes and drinking water will likely be very serious. We urge those of our readers near the coast to remain vigilant, and at the very least, begin planning for evacuation in the event that the situation calls for it. In some areas, it may already be time to evacuate.

A new video from Right Change says that President Obama has mishandled the BP oil spill from day one.

As pointed out in the comments section below, perhaps this is exactly the type of system of taxation that we should implement, especially if the income tax itself is repealed, as it would ‘punish’ spenders and ‘reward’ savers.

The BP oil spill could be more than just a spill. How an 80 – 200 foot high Tsunami could result not just from a methane explosion, but a steam driven volcanic eruption. We have two independent scenarios that could lead to a catastrophic tidal wave heading to gulf coast cities in a worst-case scenario.