(RussiaToday) – America’s national security was laid out yesterday by President Barack Obama. “America’s greatness is not assured”, the President said. He laid out a new strategy for security not limited to military might. IN man aspects he was parting ways from the security strategy laid out under President Bush. Adam Kokesh says that the strategy that we see on the ground is not working at all.
What role did supply-side economics play in creating U.S. deficit? Continue reading →
(ZeroHedge) – It couldn’t have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration’s millionaire cronies to abbreviate as HIRE. As it was merely the latest in an endless stream of acts destined to expand the government payroll to infinity, nobody cared about it, or actually read it. Because if anyone had read it, the act would have been known as the Capital Controls Act, as one of the lesser, but infinitely more important provisions on page 27, known as Offset Provisions – Subtitle A—Foreign Account Tax Compliance, institutes just that. In brief, the Provision requires that foreign banks not only withhold 30% of all outgoing capital flows (likely remitting the collection promptly back to the US Treasury) but also disclose the full details of non-exempt account-holders to the US and the IRS. And should this provision be deemed illegal by a given foreign nation’s domestic laws (think Switzerland), well the foreign financial institution is required to close the account. It’s the law. If you thought you could move your capital to the non-sequestration safety of non-US financial institutions, sorry you lose – the law now says so. Capital Controls are now here and are now fully enforced by the law.
Let’s parse through the just passed law, which has been mentioned by exactly zero mainstream media outlets.
(Reuters) – U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades. Continue reading →
According to Amnesty International, some 1,400 Palestinians were killed in the 22-day Israeli offensive between 27 December 2008 and 17 January 2009, which agrees broadly with Palestinian figures. More than 900 of these were civilians, including 300 children and 115 women. Continue reading →
The March for Answers is a not just a protest march against further suppression of NYC CAN in its battles with the City of New York City to get the referendum for a new 9/11 investigation on the November ballot. Continue reading →
National Level Exercise 2009 (NLE 09) is scheduled for July 27 through July 31, 2009. NLE 09 will be the first major exercise conducted by the United States government that will focus exclusively on terrorism prevention and protection, as opposed to incident response and recovery. Continue reading →