(WolvesOfLiberty) – Nullification – it’s all the rage these days – and a big part of that effort is educating Sheriffs across the country about their constitutional duties as the ultimate law enforcement power broker in their county. Thanks to retired Arizona Sheriff Richard Mack and his strategy of No Sheriff Left Behind, a number of Sheriffs are beginning to stand up to federal tyranny as they exercise their authority as a county’s top cop. Finally, the false meme of federal supremacy over the states is beginning to crumble. Continue reading
(FierceGovernmentit) – Yet another federal agency envisions a possible broader role for itself in securing private sector Internet infrastructure. The Federal Communications Commission issued on August 9 a notice (.pdf) soliciting public comment on an anticipated FCC plan to address vulnerabilities to core Internet protocols, as well as cybersecurity threats to all end users.
“Cybersecurity is a vital topic for the Commission because end user lack of trust in online experiences will quell demand for broadband services,” the notice states. The National Broadband Plan calls for the FCC to issue a Cybersecurity Roadmap. A plan, the FCC says in the notice, should be completed by November 2010. Continue reading
August 12, 2010 – Continue reading
(America20xy) – A federal judge has dismissed a lawsuit filed against the Federal Government and Yale University by 20 descendents of the Apache warrior Geronimo, who say that their famous ancestor’s remains were stolen from Fort Sill, Oklahama and are illegally in the possession of “Skull and Bones”– a secret society at Yale.
Among those whom Geronimo’s ancestors accuse of stealing their ancestor’s remains years ago is former Skull and Bones member Prescott Bush– the now deceased father and grandfather of Presidents Bush Sr. and Jr. Both former presidents were also members of the secret society, as well as Senator John Kerry.
Skull and Bones is an elite organization that often practices bizarre, occult rituals. According to an article on Skull and Bones’ own website: Continue reading
(Infowars) – We are broke.
On June 5th, 1933, Franklin Delano Roosevelt signed into law the Emergency Banking Act which declared America bankrupt and insolvent. Twenty years after the 1913 Federal Reserve Act authorized a private central bank to loan money to the government at interest, the country declared its bankruptcy. Twenty years after the Federal Reserve Act was passed, Congress enacted House Joint Resolution 192, to “Suspend the Gold Standard and Abrogate the Gold Clause” and the nation became insolvent. Just twenty years after the Federal Reserve Act became law, gold at twenty dollars an ounce was inflated by FDR to twenty-nine dollars an ounce, confiscated with the passing of the Gold Reserve Act in 1934, and then inflated again to thirty-five dollars an ounce. Continue reading
(Fox) – Judge Napolitano on State Powers – Continue reading
(RegularGuysRadio) – August 4, 2010 – Continue reading
(SteveWatson) – 84% opposed to views expressed by pro-Obamacare Congressman Continue reading
(GlobalResearch) – The Central Intelligence Agency(CIA) has confirmed the worst fears of its creator President Harry Truman that it might degenerate into “an American Gestapo.” It has been just that for so long it is beyond redemption. It represents 60 years of failure and fascism utterly at odds with the spirit of a democracy and needs to be closed, permanently.
Over the years “the Agency” as it is known, has given U.S. presidents so much wrong information on so many critical issues, broken so many laws, subverted so many elections, overthrown so many governments, funded so many dictators, and killed and tortured so many innocent human beings that the pages of its official history could be written in blood, not ink. People the world over regard it as infamous, and that evaluation, sadly for the reputation of America, is largely accurate. Besides, since President Obama has half a dozen other major intelligence agencies to rely on for guidance, why does he need the CIA? In one swoop he could lop an estimated 27,000 employees off the Federal payroll, save taxpayers umpteen billions, and wipe the CIA stain from the American flag. Continue reading
(PersonalLibertyDigest) – Some call the Barack Obama administration progressive. Some call it socialist. Other terms used are Marxist and communist.
I have called it fascist and corporatist in the past. Now I’ll just call it Evil.
That’s because the rule of law is dead in America. Now we have the rule of man—or government agency. The rule of man—or government agency—is a rule of Evil because it knows only the moral bounds of those making the rules. And it’s evident this administration, its appointments and its goals are amoral, if not immoral. Continue reading
(PaulWatson) – Congressman tacitly admits that United States is run by federal dictatorship, Constitution is worthless Continue reading
(CNSNews) – Pinal County (Ariz.) Sheriff Paul Babeu is hopping mad at the federal government.
Babeu told CNSNews.com that rather than help law enforcement in Arizona stop the hundreds of thousands of people who come into the United States illegally, the federal government is targeting the state and its law enforcement personnel.
“What’s very troubling is the fact that at a time when we in law enforcement and our state need help from the federal government, instead of sending help they put up billboard-size signs warning our citizens to stay out of the desert in my county because of dangerous drug and human smuggling and weapons and bandits and all these other things and then, behind that, they drag us into court with the ACLU,” Babeu said. Continue reading
(TGBReport) – Government from Federal all the way down to the local level has been transformed from the elected officials working for us to us working for them. We need to send a message this election season that it is not about Republican or Democrat, Conservative or Liberal, it is about Insiders vs “We the People”. We must first ans foremost start by understanding our Constitutional duty to be informed on what are the President, Senators, Congressman, Governors, State Assembly, County and Township elected officials. Continue reading
(NYTimes) – A federal judge, ruling on a clash between the federal government and a state over immigration policy, has blocked the most controversial parts of Arizona’s immigration enforcement law from going into effect.
In a ruling on a law that has rocked politics coast to coast and thrown a spotlight on the border state’s fierce debate over immigration, United States District Court Judge Susan Bolton in Phoenix said some aspects of the law can go into effect as scheduled on Thursday.
The parts of the law that the judge blocked included the sections that called for officers to check a person’s immigration status while enforcing other laws and that required immigrants to carry their papers at all times. Judge Bolton put those sections on hold until the issues are resolved by the courts.
The judge’s decision, which came as demonstrators opposed and supporting the law gathered here and after three hearings in the past two weeks in which she peppered lawyers on both sides with skeptical questions, seemed unlikely to quell the debate. Full article here
(ActivistPost) – It has been reported that 46 states are on the verge of bankruptcy. Since states are Constitutionally mandated to balance their budgets, and do not possess the ability to print money, they’re finding themselves in a critically weakened position to challenge the Federal Government.
In our republic, states have sovereignty to create and enforce their own laws as long as they don’t violate the U.S. Constitution. The Tenth Amendment gives states the freedom from Federal laws and regulations if they deem them to be unconstitutional.
The Tenth Amendment: which makes explicit the idea that the Federal government is limited only to the powers granted in the Constitution, is generally recognized to be a truism. States and local governments have occasionally attempted to assert exemption from various federal regulations, especially in the areas of labor and environmental controls, using the Tenth Amendment as a basis for their claim. Continue reading
(BostonGlobe) – Federal investigators have identified several dozen Pentagon officials and contractors with high-level security clearances who allegedly purchased and downloaded child pornography, including an undisclosed number who used their government computers to obtain the illegal material, according to investigative reports. Video Link Here
(Infowars) – U.S. Representative Louie Gohmert (R-TX) addressed Congress on July 15th to report the Natural Resources Committee’s passage of HR 3534, the Consolidated Land, Energy and Aquatic Resources Act (CLEAR Act) of 2009. Congressman Gohmert said that the bill was to “deal with the disaster in the Gulf of Mexico” but it contains plans for the federal government to acquire land and was introduced in 2009.
The CLEAR Act is ambiguous so if the bill is passed, federal agencies will determine how it is implemented and how the land will be used. Continue reading
(BaldwinLive) – Among the limited duties of the US Government enumerated in the federal Constitution is Article. IV. Section. 4. “The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion.” However, for several decades now, the federal government in Washington, D.C., has shown great ambition and propensity to engage in activities to which it was never authorized, and to ignore those responsibilities with which it is specifically charged. The responsibility of the federal government to protect each State against invasion is a classic example of the latter. Continue reading
(AmericanFreePress) – Eight more homeland response force units will be established in fiscal year 2012, Defense Department and National Guard Bureau officials said here today.
The units are regional forces that will cross state lines when needed. They are part of a restructuring of the nation’s chemical, biological, radiological, nuclear and high-yield explosive consequence management enterprise.
Massachusetts (supported by Connecticut and Vermont), New York (supported by New Jersey), Pennsylvania, Georgia, Texas, Missouri, Utah and California each will host a homeland response force unit.
One unit will be based in each of the 10 Federal Emergency Management Agency regions. The units are scheduled to have 570 Guardsmen, and each will have a medical team, a search and extraction team, a decontamination team and very robust command and control capabilities, officials said. Read entire article
(AmericanThinker) – It’s a frightening thought: government takeover of the media. But having tightened their grip on health care, financial services, and energy, it’s only logical that the Democrats should turn their attention to the media.
Discussions underway at the Federal Trade Commission and the Federal Communications Commission point toward a dangerous new effort to regulate what Americans read and hear. The takeover under discussion would apply across the board to print media, radio and television, and the internet. The result of proposed regulations would be nothing less than an end to free speech in America. Continue reading
(TheLibertyVoice) – They have passed the health bill, they have passed the financial regulations bill and they have snuck stuff into the stimulus package bills. They are going to track your money and your body. Here’s the first few things they are doing. This is step one. It will only get worse from here.
…the Health Care Bill mandates, according to Numismaster.com, Starting on January 1st in 2012, S federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
No that is not an error, they tacked the gold coin tracking regulations into the health bill. They are just tacking stuff on wherever they can.
As for your body, you will be required to have an “electronic health record”, by 2014. They snuck this into one of the “stimulus” bills. The electronic record will include an obesity rating. The information will be required to be on a “national exchange” with only secure access (Hah!). Why the F does your obesity rating have to be on a national exchange? This is a tip off to how micro-managed they are going to attempt to run your life.
Keep in mind that the health bill and financial “reform” bill are thousands of pages, with much of the details left up to the new agencies to fill in. Obama is appointing major league interventionists to head these agencies. They are completely clueless as to how an economy works. Their regs will be over the top. It will stifle America in so many ways, it is difficult to imagine. I was in East Berlin the year before the Wall came down. I saw what constant monitoring and micro-management did to people. It is not pretty. The gray, the drab, the despair was everywhere. When you can only take orders and wait for approvals and are constantly watched, it saps the life out of you. America is going to be changing and the government is going to try and watch you and monitor your vitals, as if you were a lab rat, as it does the changing.
It is not going to be pretty. – Source: The Liberty Voice
(Thanks to John Perez for the gold coin info.)
Possibly Related Posts:
In this edition, Gary takes a look at the recent lawsuit the federal government has brought against Arizona regarding their immigration law and special guest Tom Woods, author of the new book “Nullification” breaks down the Supremacy Clause. Michael Boldin from the Tenth Amendment Center returns to discuss the NullifyNow.com national tour. Also, Rick Barber, Alabama Congressional Hopeful, joins Gary to talk about his inspiring and controversial campaign ad. Nina delivers the details on the Federal Government v Arizona case, recent Russian war games, biometric ATM’s, and a new surveillance system triggered by the tone of your voice. As always we’ll take a dip into the Mailbag, and brand a new Enemy of the State. Continue reading
(C4L) – The following U.S. representatives cosponsored H.R. 1207 but voted against Audit the Fed on a motion to return the Dodd-Frank Financial Reform bill to committee and add back in the thorough Audit. View More Here
Part 1 of 2
(ABC) – Factory Orders Drop More Than Expected – Read More Here
(CNNMoney) – Job recovery hits a wall – Read More Here
(Independent) – Johann Hari: How Goldman gambled on starvation
Speculators set up a casino where the chips were the stomachs of millions. What does it say about our system that we can so casually inflict so much pain? Read More Here
(ATR) – Six Months to Go Until The Largest Tax Hikes in History
Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below Read More Here
(ABCNews) – Walmart CEO Pay: More in an Hour Than Workers Get All Year? – Read More Here
(Telegraph) – Middle class families face a triple whammy
You don’t usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years.
The claim made by the IMF’s Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system’s “shock absorber of last resort”. In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was now households who were far more likely to face the music. Read More Here
(HuffingtonPost) – Expired Unemployment Benefits Causing Panic, Desperation: ‘I’m Drowning Fast’
Debra Rousey of Gainesville, Georgia, says that she received an unemployment check of $194 last week, half the usual amount she receives, along with a letter announcing that this check would be her last. She is now in a complete panic over what to do next. Read More Here
(DailyCrux) – Doug Casey: Going to these colleges serves no useful purpose whatsoever
There is no point at all in going to a college today, unless you’re looking to learn a trade. Or, perhaps, because the people you meet in college might be of some future benefit to you. In other words, it’s pointless unless it’s Harvard, Princeton, Yale, or the like. Because of the classes? No. It’s because the kids that go to such schools are the most intelligent and ambitious “up and comers” – so the connections you make and the patina you get at these places can open a lot of doors. Read More Here
(FoxNews) – Pelosi: Unemployment Checks Fastest Way to Create Jobs“It creates jobs faster than almost any other initiative you can name.” Read More Here
(July 1) – Video: Alex Jones Tv – Dollar Plunges After UN Call To Ditch Greenback! – Video Link Here
(July 1) – Video: Ron Paul – 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198
(AFP) – US jobless claims surge more than expected – Read More Here
(Bloomberg) – Goldman Sachs Pressed By Born for Derivatives Data
Goldman Sachs Group Inc. refused a request from the Financial Crisis Inquiry Commission to reveal how much it makes trading derivatives, saying the bank doesn’t separate the figure from other businesses. Read More Here
(CNNMoney) – House passes unemployment benefits extension
After a failed attempt earlier this week, the House voted to extend the deadline to file for federal jobless benefits Thursday. But the bill will be stuck in limbo as Congress takes a weeklong summer break.
The bill would extend the deadline to file for extended unemployment benefits through November, and would retroactively pay out claims to those who saw their benefits expire in May. Read More Here
(LRCBlog) – Audit-the-Fed Goes Down, 229-198
This is no surprise. Neither party wants to audit the counterfeiting enterprise that is at the dark heart of the regime. Read More Here
(EconomicCollapseBlog) – Mortgage Horror Stories: The U.S. Housing Industry Will Never Recover If Qualified People Can’t Get A Home Loan – Read More Here
(IrishTimes) – One million protest against Italy’s austerity cuts
About 100,000 people, according to union estimates, demonstrated in the central city of Bologna, capital of a traditionally leftist area with a strong labour movement. Read More Here
(TheHill) – Top Republican: Raise Social Security’s retirement age to 70
Boehner, the top Republican lawmaker in the House, said raising the retirement age by five years, indexing benefits to the rate of inflation and means-testing benefits would make the massive entitlement program more solvent. Read More Here
(USAToday) – National debt soars to highest level since WWII
The federal debt will represent 62% of the nation’s economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office. Read More Here
(WattsUpWithThat) – New Zealand’s Prime Minister: Climate Change bill a “load of rubbish” and “hoax”
Via Andrew Bolt in email, some surprising revelations about New Zealand’s Prime minister and his previous opinion of the ETS. It appears he has done a complete about face from his very strong opinions of 2005. Read More Here
(WattsUpWithThat) – Climate Craziness of the Week: The AGU peddles a mammoth climate change theory – Read More Here
(RawStory) – Video: MSNBC’s Ratigan – Stock market an ‘obviously corrupt’ fraud
On his afternoon show Tuesday, MSNBC host Dylan Ratigan explained why he believes the usual explanations given in the media for why the stock market went up or down on a given day are nonsense.
“Seventy percent of the volume [of trades on the stock market] is computers that are run by the banks playing ping pong with stocks for 10 seconds at at time,” Ratigan said. Continue reading
Author and investigative journalist Jim Marrs talked about why he believes the International Elite are using economic collapse, man-made disease, and erosion of civil liberties to take down America. He referred to the US as a “zombie nation” because citizens and the country itself are trillions of dollars in debt. JFK ended up dead not longer after he issued $4.2 billion in currency that was printed by the Treasury instead of the Federal Reserve (in reality, a group of 12 banks that charge interest), he noted.
“They’re setting us up for a really big fall– because the United States has been a free nation and a republic,” and the biggest stumbling block to their plan for a New World Order– a global socialist state broken into three economic blocks (as George Orwell predicted in 1984), Marrs laid out. Rather than conservatives or liberals, Democrats or Republicans, he said the Global Elite is made up of various wealthy individuals– many Cabinet members of the last four administrations have been members of the CFR (Council on Foreign Relations), he added. Continue reading
(FoxBusiness) – Video: Ron Paul, Judge Andrew Napolitano on Money Rocks – Financial Reform – View Video Here
(CSPAN) – Video: Ron Paul on Audit the FED – Video Link Here
(FoxBusiness) – Video: Ron Paul on FOX Business News on the Fed – Video Link Here
(PaulWatson) – Dollar Plunges After UN Call To Ditch Greenback
U.S. economy enters “total freefall” as double-dip recession looms Read More Here
(Telegraph) – Time to shut down the US Federal Reserve? – Read More Here
(Forbes) – Why The Greater Depression Still Lies Ahead
If policymakers do not understand the real cause of a problem, they will in all likelihood be unable to provide a genuine solution. Read More Here
(AP) – May pending home sales tumble without tax credits
The National Association of Realtors said Thursday its seasonally adjusted index of sales agreements for previously occupied homes dropped 30 percent in May from April. The index fell to 77.6 from 110.9. May’s reading was the lowest dating back to 2001. Read More Here
(AP) – 1.3 million unemployed won’t get benefits restored – Read More Here
(LondonTelegraph) – Prices rise as New Zealand passes emissions trading scheme
Petrol and power prices have risen sharply in New Zealand after the government introduced a controversial emissions trading scheme. Read More Here
(TheHill) – Waxman to Push Carbon Tax in Conference if Senate Falls Short – Read More Here
(RealClearPolitics) – Video: “Stop Spending!”: CNBC’s Santelli Warns Liesman “November 2nd Is The Day”
“I want this government to stop spending! Stop spending! Stop spending! Stop spending! STOP SPENDING! That’s what we want! Stop spending,” Rick Santelli yelled from the floor of the Chicago Board of Traders. Read More Here
(RussiaToday) – Video: Gerald Celente go for the Gold – Video Link Here
Video: Peter Schiff on Wall St. Unspun – Part 1 of 6 Here
(McClatchy) – Video: Goldman admits it had bigger role in AIG deals – Video Link Here
(Rense) – Who Will Pay – Wall Street Or Main Street? – The Tobin Tax Of The VAT? – Ellen Brown
Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how? Read More Here
(LATimes) – With federal stimulus funds running out, economic worries grow
Much of the $787-billion stimulus has been spent, creating jobs and extending jobless benefits. But with lawmakers reluctant to approve more funding, concerns are rising about staving off another recession. Read More Here
(Reuters) – Nearly 1 in 3 first-quarter home sales a foreclosure: report – Read More Here
(BusinessInsider) – RBS: Equity Investors Are The “Worst Cult In History,” Prepare For The “Cliff Edge” – Read More Here
(WebOfDebt) – “Deficit Terrorism” and Economic Warfare – Ellen Brown
All the Perks are going to Wall Street, while Main Street slips into Debt Slavery Read More Here
(GlobalResearch) – Stimulus or Austerity: The People vs. the Banks – Shamus Cooke
The most powerful nations in the world met recently at the G-20 in Toronto and managed to agree on only one thing of significance: the need to reduce deficits, “half by 2013.” Implied by the statement is the need to lower deficits via “austerity,” meaning eliminating or reducing social programs.
Why does every mainstream political pundit or corporate CEO fanatically agree that reducing deficits is the most important thing to do now? Let Obama explain: Read More Here
(InternationalForecaster) – Struggling and Faltering to Manage Economic Recovery – Bob Chapman
No Austerity, full steam ahead, Faltering markets, threats to social stability, Europe struggling with PIIGS, No end in California, economic disasters in the making, an oil soaked letter in Louisiana, consumer spending is uninspiring, Read More Here
25 Signs That Almost Everyone Is Expecting An Economic Collapse In 2010
At times like these, it is hardly going out on a limb to say that we are headed for hard economic times. In fact, it seems like almost everyone in the financial world is either declaring that a recession is coming or is busy preparing for one. The truth is that bad economic signs are everywhere. Consumer confidence is plummeting, big banks are hoarding cash, top financial experts are issuing recession warnings and it seems like almost everyone is trying to accumulate as much gold as possible. Continue reading
See Also: (June 30) – Video: Chuck Baldwin on Alex Jones – FEC Attempts to Shut Down Campaign for Liberty – Video Part 1 – Part 2
(C4L) – Dear Liberty Activist,
The FEC has launched a pair of investigations on Campaign for Liberty.
Both are meritless, but could seriously disrupt our growing program.
Please read Campaign for Liberty President John Tate’s letter below and stand with us. Continue reading
(Bloomberg) – The U.S. Supreme Court extended the reach of the constitutional right to bear arms by saying it binds state and local governments as well as the federal government.
The justices, voting 5-4 in a case involving Chicago’s handgun ban, said that individual gun rights were among the fundamental guarantees protected against state interference through a constitutional amendment after the Civil War.
The ruling broadens the sweep of the court’s 2008 ruling interpreting the Constitution’s Second Amendment as protecting the rights of individuals, rather than just those of state-run militias. It’s a victory for the National Rifle Association, which joined a group of Chicago residents in challenging the city’s laws.
It will open a new front in the fight over gun rights, setting the stage for courtroom battles over the constitutionality of weapons restrictions around the country.
The case is McDonald v. City of Chicago, 08-1521. – Source: Bloomberg
(June 28) – Video: Alex Jones Tv – Supreme Court Gun Ruling Allows State, City to Restrict 2nd Amendment
Alex breaks down what was really in the latest Supreme Court Gun Ruling and how the Mainsteam Media will Spin this into making you think you’ve gotten a victory. Continue reading
(June 27) – Alex covers the latest financial news and discusses how america is headed for receivership like Greece! Continue reading
(MoscowTimes) – Prosecutors may get to shut down web sites over extremism charges for an unlimited time if the State Duma passes new legislation drafted by the Federal Security Service, Vedomosti reported Friday.
Internet service providers will be obliged to shut down web sites within three days upon receiving a “motivated letter” from prosecutors, according to the draft.
Sites will be able to return online only after a court rules that they did not violate anti-extremism laws. Even if a web site wins its case, it may be kept offline for up to a month from the day it was suspended.
The FSB legislation is to be a part of a raft of amendments to the 1995 information law that is being prepared by the Communications and Press Ministry. – Source: Moscow Times
(GunsNButter) – Audio: On the Destructive Nature of the Global Economic System – Bonnie Faulkner Interviews Michel Chossudovsky – Audio Link Here
(NYTimes) – NY Times’ Krugman: We Are Entering The Third Depression
We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense. Read More Here
(CNN) – Video: Clinton – U.S. Budget Is Broken – View Video Here
(LondonTelegraph) – RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve
As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Read More Here
(LewRockwell) – Suiting Up for a Post-Dollar World
The global financial crisis is playing out like a slow-moving, highly predicable stage play. In the current scene, Western governments are caught between the demands of entitled welfare beneficiaries and the anxiety of bondholders who fear they will be stuck with the bill. As the crisis reaches an apex, prime ministers and presidents are forced into a Sophie’s choice between social unrest and bankruptcy. But with the “Club Med” economies set to fall like dominoes, the US Treasury market is not yet acting the role we would have anticipated. Read More Here
(StarAdvertiser) – Huge tent city takes root
Homeless camps cover 50 acres, from Waipio Point, around Middle Loch to Pearl City Read More Here
REPOST – (WSWS) – Senate Democrats and Obama abandon the jobless
Senate Democrats gave up efforts to extend unemployment benefits for millions of jobless workers after the third vote on overcoming a Republican filibuster failed. The final vote Thursday was 57 to 41, three votes short of the 60 necessary to cut off debate, with one Democrat, Ben Nelson of Nebraska, joining a unanimous Republican opposition. Read More Here
(Bloomberg) – Merkel Warns European Crisis is Far From Over, Wall Street Journal Reports – Read More Here
(GlobalResearch) – BOOK LAUNCH: The Global Economic Crisis: The Great Depression of the XXI Century – Michel Chossudovsky and Andrew Gavin Marshall – Read More Here
(EurasiaReview) – Europe’s Fiscal Dystopia: The “New Austerity” Road – Michael Hudson
Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president of the Socialist International) and Canada’s host, Conservative Premier Stephen Harper, are calling for cutbacks in public spending. Read More Here
(BBC) – Romania plans big VAT rise to secure bail-out funds – Read More Here
(RegionalTimes) – IMF stops next tranche of loan to Pakistan till imposition of VAT Read More Here
(LATimes) – Senate Democrats poised to start energy bill
With the gulf oil spill creating political opportunity, Senate Democrats will begin crafting a sweeping energy bill this week that could include a first-ever, though more modest, cap on global-warming pollution, believing they must act now despite differences within their ranks and political jitters in an election year.
(Guardian) – Gillard bids to revive Australia’s stalled carbon trading scheme
Australia’s new prime minister, Julia Gillard, today moved to revive a stalled carbon trading scheme, pledging more consultation with industry and voters to win support for an issue that has divided the nation. Read More Here
(MercuryNews) – Defeat of jobs bill in Senate costly to California
Hundreds of thousands of jobless residents will see their unemployment checks cut off. The deficit-plagued state budget stands to lose billions of desperately needed dollars. And a tax credit for research and development, long prized by the tech industry, appears to be on life support. Read More Here
(Telegraph) – Ben Bernanke needs fresh monetary blitz as US recovery falters
Federal Reserve chairman Ben Bernanke is waging an epochal battle behind the scenes for control of US monetary policy, struggling to overcome resistance from regional Fed hawks for further possible stimulus to prevent a deflationary spiral. Read More Here
(InfoClearingHouse) – Mission Accomplished:The Reagan Occupation and the Destruction of the American Middle Class – Read More Here
(WoodTV) – 400k unemployed in MI to lose benefits
Comes on heels of GOP killing Senate extension Read More Here
(WeAreChange) – We are Change Plans End the Fed protest on Independence Day
We Are Change groups from MD, VA and DC have joined togeather to hold an End The Fed protest in Washington DC in honor of Independence Day. The event will be on Saturday, July 3rd and the permits are already in. Read More Here
(KDVRDenver) – Bank of America, Freddie Mac Sell Homes Without Notice – Read More Here
(USAToday) – Obama Gets “Financial Reform” Bill as He Heads for G20
“We are poised to pass the toughest financial reform since the ones we created in the aftermath of the Great Depression,” Obama said at the White House as he prepared to leave for the G-20 summit in Canada. Read More Here
(WPost) – New Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms – Read More Here
(BusinessInsider) – These 8 Members Of Congress Are Under Investigation For Fundraising During The Financial Reform Debate – Read More Here
(FoxNews) – Senate Republicans Defeat Jobless Aid Measure Over Deficit Fears
The Senate has failed to reach an agreement to extend weekly jobless benefits, leaving more than a million out-of-work Americans without an unemployment check by week’s end.
The 57-41 loss was a major blow for President Obama and Democrats. They needed three more votes — for a total of 60 — to stop a GOP filibuster. Read More Here
(TampaBay) – Pinellas to lay off 211 county workers
The layoffs run through virtually every department, affecting everything from parks and street repairs to customer service and health care. Read More Here
(ComonDreams) – The Wall Street Journal just reported that the Federal Communications Commission is holding “closed-door meetings” with industry to broker a deal on Net Neutrality – the rule that keeps control over the Internet with the people who use it.
Given that the corporations at the table all profit from gaining control over information, the outcome won’t be pretty. Continue reading
(InternationalForecaster) – Central Banking in Crisis: Some Twenty Countries on the Verge of Insolvency – Bob Chapman
Market Volatility as the Debt Implosion Continues Read More Here
(GlobalResearch) – Financial Crisis Conducive to Instability of Asia’s Currency Markets: South Korea Imposes Currency Controls – Read More Here
(GlobalResearch) – “Dying Detroit”:: The Impacts of Globalization. Social Decay and Destruction of an Entire Urban Area – Read More Here
(GlobalResearch) – The Gold Market: When Will the SEC Prosecute for Market Rigging? – Read More Here
(Telegraph) – Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault
Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold. Read More Here
(FoxBusiness) – New Home Sales Fall 33% in May to Record Low
The U.S. housing market is in crisis.
A day after a disappointing read on the market for existing homes, the government said Wednesday that sales of new homes fell to their lowest level on record last month, a potentially crushing blow for an economy that is still looking for its footing. Read More Here
(PragCap) – Russell: This is One of the Largest Tops in Stock Market History
Mr. Russell thinks we might be on the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the ‘30s, and maybe worse. Read More Here
(VoiceInTheWilderness) – Is America Destined to Starve?
Americans are no longer prepared to take care of their basic needs without the involvement of the federal government. The majority of Americans have relinquished the responsibility of their future survival to bureaucrats. How and when did we, as an intelligent and formerly self-reliant populace, decide to become wards of the state? Read More Here
REPOST – (LATimes) – Video: California city to lay off all city employees, dismantle Police Department – Video Link Here
(Reuters) – World’s rich got richer amid ’09 recession: report
A stock market rebound helped the world’s ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report. Read More Here
(DealBook) – Despite U.S. Plea, European Bank Pushes Austerity – Read More Here
(RoySpencer) – The Global Warming Inquisition Has Begun – Read More Here
(FinancialTimes) – Obama to push climate change on back of BP spill
Barack Obama will on Wednesday make a renewed push to spur the US Senate into action on climate change, saying the BP oil spill underlines the urgency for the country to lessen its dependence on fossil fuels. Read More Here
(WRH) – The New World Order Banker Cartel takeover starts with the destruction of the economic might of the United States. To accomplish this task as follows:
1) Creation of the private Federal Reserve Bank in 1913. He who prints the money controls the government. Prior to this period, whenever congress over spent, it lead to inflation or devaluation of the currency. The people reacted by voting out big spending congressmen. The Federal Reserve Bank allowed congress to spend while shielding them from voter retaliation by the people.
2) Initiate free trade agreements to bleed out the industrial might of the United States to third world countries. Trilateral Commission sponsored GATT, NAFTA and World Trade Organization. Continue reading
(CNN) – A divided Supreme Court has ruled the government’s power to criminalize “material support” of a terrorist organization is constitutionally permissible.
The 6-3 ruling preserves a key provision of the 2001 Patriot Act, amid claims it threatens the free-speech rights of Americans who would assist non-violent activities of certain militant and terror groups.
At issue was whether the federal law allows prosecution of those with knowledge of “any service, training, expert advice or assistance” to a foreign terrorist organization, as designated by the U.S. government. – Source: CNN
(CNSNews) – The Federal Communications Commission (FCC) voted on Thursday to begin the formal process of bringing the Internet under greater federal control – a move sought by both President Barack Obama and FCC Chairnman Julius Genachowski.
This step comes after the federal D.C. Circuit Court of Appeals in April rebuked the FCC in its attempt to enforce a controversial regulatory doctrine called Net Neutrality, which would allow the government to prevent private Internet providers from deciding which applications to allow on their networks.
The court said that the FCC did not have the authority to prevent Comcast, specifically, from blocking certain peer-to-peer Web sites. Continue reading