The CIA is Beyond Redemption and Should be Terminated – Sherwood Ross

(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.

The Cybersecurity Directive Goes Viral

(ActivistPost) – The latest National Security Directive presented by the establishment mouthpiece, The Wall Street Journal, indicates that the marketing campaign for Cybersecurity has just gone viral.

The Perfect Citizen program markets the idea of corporations and government working together in a joint effort to thwart Cyberterrorism.  This is truly a message designed to be spread far and wide, as corporations can sell infrastructure upgrades to terrified American citizens who once again are being required to trade liberty for supposed security.  Taxpayers already have provided billions to the Comprehensive National Cybersecurity Initiative as funding for their own cyberprison.  Both political parties have supported the campaign of perpetual National Security, and the new program is yet another example of how they agree upon initiatives that will ultimately benefit corporate interests:

World War

(WarIsACrime) – Witness Against Torture: Why We Must Act – Read More Here

(GlobalResearch) – Media Disinformation: The Demonization of Venezuela’s President Hugo Chavez

“We were always cautious about the triumph of President Obama. Early on, we began to take note of the truth, that the empire is here, alive and more threatening than ever.”- Hugo Chavez Frias Read More Here

(KurtNimmo) – Video: Obama Fires McChrystal, Selects Petraeus to Oversee Forever War in Afghanistan

Obama fired General Stanley McChrystal today and replaced him with the globalist General David Petraeus. Obama said McChrystal’s actions undermined civilian control of the military and asked the Senate to confirm Petraeus immediately. Video Link Here

(KurtNimmo) – Video: General McChrystal’s Burning Contempt for the Puppet Obama

The farce that is the war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s sharp comments about Obama, Biden, and the administration published by Rolling Stone are not so much about disrespect, as the script-reading corporate media talking heads would have it, but rather about a policy in disarray in Afghanistan. Video Link Here

(Haaretz) – Netanyahu: Israel’s legitimacy is under attack

Prime Minister Benjamin Netanyahu warned Wednesday that Israel’s legitimacy is being attacked, during a Knesset discussion on Israel’s collapsing international status.
“We know that the attacks on Israel are threatening its existence, since we constantly hear people saying ‘go back to Poland or Morocco’. They are essentially telling us to dismantle the Zionist enterprise.” Read More Here

(CounterPunch) – The Obama-McChrystal Showdown – Read More Here

(SteveWatson) – Israel Vows To Tighten Gaza Blockade – U.S. Media Reports Blockade Eased – Read More Here

(NewsMax) – Ex-Mossad Chief: Strike Iran Now

Israel should launch a pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head of Israel’s Mossad intelligence agency said on Monday.
“I am of the opinion that, since there is an ongoing war, since the threat is permanent, since the intention of the enemy in this case is to annihilate you, the right doctrine is one of pre-emption and not of retaliation,” Shabtai Shavit told a conference. Read More Here

(RussiaToday) – Video: Paul Craig Roberts – “Everyone in Washington is a prostitute”

Controversial comments made in “Rolling Stone” magazine have landed General Stanley McChrystal in hot water. In the interview, McChrystal made what is being described as a derogatory comment, which may lead to his resignation. Paul Craig Roberts says that this shows how insecure people in the United States government are. Video Link Here

(YNet) – Iranian flotilla to set sail on Sunday

Day after announcing delay, Iranian Red Crescent spokesman says ‘Children of Gaza’ ship will depart for Strip next week. Vessel to carry 10 individuals, food, medicine, as well as dolls, clothing donated by Iranian citizens Read More Here

(DowJones) – Treasury Levey: US, Allies Must Go Beyond UN Sanctions To Pressure Iran

The U.S. and other countries should explore what economic measures can be taken beyond the recent United Nations sanctions to force Iran to abandon its nuclear program, a senior Treasury official said Tuesday.

Stuart Levey, undersecretary for terrorism and international financial intelligence, said the fourth round of sanctions marked an “inflection point” … – Source: WSJ

(WorthyNews) – Iran Warns Of Military Strike As U.S., Israeli Warships Cross Suez

Iran has warned of a military confrontation with Israel and the United States after at least eleven American warships, including an aircraft carrier, and an Israeli vessel passed through the Suez Canal, the largest fleet of ships to cross the volatile, strategic waterway, in recent years.

“We warn the U.S. and certain adventurist countries that if they are tempted to inspect Iranian air and ship cargoes, we will take tough action against their ships in the Persian Gulf and the Sea of Oman”, said Ali Larijani, the Iranian parliamentary speaker in comments obtained by Worthy News Sunday, June 20. Read More Here

(RussiaToday) – Video: US taxpayers ‘funding’ Afghan Warlords

U.S. taxpayers’ dollars are finding their way in to the pockets of the Taliban. That’s according to a new congressional investigation about the military’s use of Afghan security firms to ensure the safe passage of supply convoys. Almost without fail: if the U.S. doesn’t pay up, the convoy gets attacked.

Economy

(CNBC) – Video: Nouriel Roubini – Double Dip Recession – Video Link Here

BREAKING – (TheFightOfYourLife) – Bob Chapman flashed a high priority Intel report today 05/22/10 at 1700EDT

According to high placed sources withing the Federal Reserve they will take the economy down and force all but 4 banks out of existence no later that December 31, 2010 and possibly by mid November. Read More Here

(CSPAN2) – Video: The US Government Is In Dire Physical Condition! – Senator McConnell

(NYTimes) – Cuts to Child Care Subsidy Thwart More Job Seekers – Read More Here

(FoxBusiness) – The Next Bailout: $165B for Unions

Taxpayers could be on the hook for another $165 billion if a bill to bail out private union pension funds makes it through Congress. Read More Here

(CaseyResearch) – Fact vs. Fiction on Today’s Economy

There is a lot of “noise” being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.
FICTION: Though sporadic, the U.S. economy will continue to improve.
FACT: The U.S. is headed for a currency crisis.
Read More Here

(Bloomberg) – Speculators Grab Gold Faster Than Mines Can Produce It

Speculators are buying gold faster than the world’s biggest producers can mine it as analysts forecast a 27 percent rally that may extend the longest run of annual gains since at least 1920. Read More Here

(Express) – Gordon Brown ‘first choice’ for top job at IMF – Read More Here

(MyBudget360) – America’s wealthiest 25 percent of households own 87 percent of all U.S. wealth. How the middle class face growing income inequality in the new era of the psychopath corporatocracy Read More Here

(MarketWatch) – Bank of Spain seizes control of savings bank CajaSur – Read More Here

(IrishTimes) – Burden of Irish debt could yet eclipse that of Greece

It is no longer a question of whether Ireland will go bust, but when. Unlike Greece, our woes do not stem from government debt, but instead from the government’s open-ended guarantee to cover the losses of the banking system out of its citizens’ wallets. Read More Here

(InternForecaster) – Dysfunctional Markets That Change Every Hour – Bob Chapman

Keeping up with today’s dysfunctional markets is very difficult because they change hour by hour. The problems of Europe have stolen center stage from US problems. The focus is on Europe, but we all should remember trillions of dollars have been injected into the US financial system since mid-2007. Read More Here

(WashingtonPost) – One false move in Europe could set off global chain reaction

If the trouble starts — and it remains an “if” — the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of Greece to hit a deficit-reduction target, a drop in Ireland’s economic output. Read More Here

(BusinessInsider) – Louisiana Realtor: Oil Is Having “Horrible, Just Horrific” Effect On Sales

Carolyn Angelette said around 100 clients have canceled summer rentals in Grand Isle, LA. Other clients have postponed plans to buy a home until they see the full extent of oil damage. At this rate, she warns, her Century 21 office will go out of business. Read More Here

Video: California is planning to bankrupt itself

Jim Puplava talks about insane law proposals in California recorded on May 22nd 2010

(GlobalResearch) – The Banks Call the Shots on Financial Reform: The Sovereign Debt Crisis is Sweeping the World with another Credit Crunch – Danny Schechter – Read More Here

(GlobalResearch) – A “Fix” to the Economic Recession: Undermine the Rights of Public Sector Workers – Shamus Cooke

In the state of Oregon, the most widely distributed paper, the Oregonian, announced on its front page that the state should expect “Ten Years of Pain.” The perpetrator: the budget crisis — $2.5 billion in the coming two-year budget cycle, with $2 billion projected deficits until 2019. Sadly, these depressing numbers assume that the economy will recover, a belief lacking any credible evidence.

How to fix Oregon’s woes? The Oregonian answers: Read More Here

(InfoClearingHouse) – Merkel’s Savage Blitz through Euroland – Mike Whitney

Angela Merkel has let a minor brush-fire on the periphery turn into a raging inferno that’s sweeping across the continent. Absent Berlin’s fumbling diplomatic effort and its ferocious attachment to Hooverian economics, the Greek matter would have been over by now. Instead, the fire continues to burn while the German Chancellor pushes the eurozone closer and closer to the cliff. And what for; to prove that prodigal spending by the member states (Greece) mustn’t go unpunished? Is that what this is all about? Is Merkel really willing to break up the EU just to prove her point and to accommodate her towering sense of self righteousness? Read More Here

(TruthDig) – The Greeks Get It – Chris Hedges

Here’s to the Greeks. They know what to do when corporations pillage and loot their country. They know what to do when Goldman Sachs and international bankers collude with their power elite to falsify economic data and then make billions betting that the Greek economy will collapse. Read More Here

(CSPAN) – Video: Why should taxpayers be on the hook? – Ron Paul

On Thursday, Congressman Paul spoke at the House Financial Services subcommittee hearing on The Role of the International Monetary Fund and Federal Reserve in Stabilizing Europe.

He also questioned Federal Reserve Board of Governors member Daniel Tarullo and observed how continual bailouts help the big banks and the well-connected at the expense of the taxpayer.

Video: Ron Paul – Euro Bailout Will Lead To Currency Collapse

(PaulWatson) –  As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies.

Under the terms of the Federal Reserve’s credit swap deal with the EU – in addition to an additional IMF bailout of which U.S. taxpayers will be picking up 20 per cent ($57 billion dollars) of the tab, Paul pointed out that not just taxpayers but “anybody that buys anything” will be funding the European bailout because of the attendant inflationary consequences.

Economy

(Boston) – Double dip in housing values continues, despite tax credit/spring bump – Read More Here

(ClarionLedge) – Revenue: April numbers are sobering

Gov. Haley Barbour said last week that April revenue was 8.5 percent below estimates – a $45.1 million shortfall. Read More Here

(SacramentoBizJournal) – State’s revenue below projections for April

California’s controller, John Chiang, said the state’s April cash receipts fell below budget estimates by $3.6 billion, or 26.4 percent. Read More Here

(MinnPost) – 41 percent of metro area single-family homes believed ‘underwater’ – Read More Here

(MaverickBlog) – What Business is Wall Street In ?

My last two posts were designed to stimulate discussion. But lets talk the real problem that regulators, public companies, investor/shareholders and traders face. The problem is that Wall Street doesn’t know what business it is in. Regulators don’t know what the business of Wall Street is. Investor/shareholders don’t know what business Wall Street is in. Read More Here

(WashingtonsBlog) – Challenger Investigation Got $175 Million. Columbia $152 Million. Lewinsky $30 Million. 9/11 $15 Million. Financial Crisis Gets Only $8 Million – Read More Here

(Bloomberg) – Video: Jim Rogers on Greece Bailout, Yuan, Stocks – View Video Here

(NewsMax) – Video: Jim Rogers – Next Recession Will Be Much Worse! – View Video Here

(KurtNimmo) – Video: Obama’s Supreme Pick Kagan Is A Bankster Operative

Democrats are going gaa-gaa over Obama’s Supreme pick Elena Kagan. “Democrats praised Kagan as ‘razor sharp’ and impeccably qualified for the lifetime appointment on the nine-member bench, but Republicans promised to vigorously vet a ’surprising’ choice, noting she had never been a judge,” reports Agence France-Presse. “I have selected a nominee who I believe embodies… excellence, independence, integrity and passion for the law, and who can ultimately provide that same kind of leadership on the court,” Obama said at the White House. View Video Here

(AmpedStatus) – High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States – David DeGraw & Max Keiser – Read More Here

Layoffs:

Dean Foods – 350 to 400
RBS – 2,600
Update: Fort Wayne IN – 300 Teachers to Learn Layoffs Numbers today
City of Costa Mesa – 51 Possible
Town of Mesilla NM – 4
Newark Valley Central School District – 11

(InfoClearingHouse) – Kagan: – Goldman Sachs – Shifting Court to Right?

“A narrow elite is imposing itself through the legal system, and ordinary Americans need to start asserting themselves.”
The Wall Street Journal reports: “The White House said Friday that Elena Kagan’s membership on an advisory panel for the securities firm Goldman Sachs Group Inc. wouldn’t disqualify her for a position on the Supreme Court. … From 2005 to 2008, Ms. Kagan was a paid member of the Research Advisory Council of Goldman Sachs Global Markets Institute, according to financial-disclosure reports she filed after being appointed to her current job. The form shows she was paid $10,000 in 2008, when she was dean of Harvard Law School.” Read More Here

(StraightGoodNews) – Goldman Sachs Set to Plan Sell-Off of Ontario Assets

Huge and controversial banking firm has a history of playing both sides in privatization deals Read More Here

(AmericanEveryman) – The Stock Market “Glitch”: Blackmail by Big Banking?

The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day.
“I mean this really sounds like market manipulation to me. This is outrageous.” Read More Here

(PaulWatson) – Bankers Destroy Global Economy by Design to Consolidate Power

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance. Read More Here

(SteveWatson) – Bankers, Economists: Mass Centralization At Heart Of Euro Bailout

Huge Euro rescue is latest step on the road toward a monolithic globalist federal union Read More Here

(AFP) – Fannie Mae seeks new $8.4 billion US bailout to stay afloat – Read More Here

(ZeroHedge) – EURUSD Roll Over Accelerates, Market Playing Catch Up – Tyler Durden

This may very well still turn out to be the shortest and must futile trillion dollar bailout in history yet. Don’t forget it was the EURJPY correlation desks that freaked out on Thursday and drained all NYSE liquidity in stocks.

It will be truly amazing if we get another 1000 point move in the Dow… But not up. Read More Here

(InternationalForecaster) – The latest Greek tragedy And Sovereign Defaults Pose A Great Threat – Bob Chapman

The latest Greek tragedy continues to leave carnage in its wake, crime compounds the debt problems, Problems everyone knew about nobody did anything about, the Sovereign debt bubble is now upon us, and could bring the world financial system down, a situation like the French Revolution in Greece, food stamps at a record high, unemployment and problems of poverty in the US, Read More Here

(NYTimes) – Video: Markets Welcome E.U. Rescue Package

Global markets rallied Monday, reversing the steep declines of recent days, after European leaders agreed to provide a huge rescue package of nearly $1 trillion to combat the debt crisis that has engulfed Europe, and central banks began injecting cash into the financial system. View Video Here

(EconomicCollapseBlog) – Is The Greek Debt Crisis Being Purposely Hyped And Manipulated? – Read More Here

(KurtNimmo) – Banksters Throw a Trillion Bucks Down a Black Hole

The EU apparatchiks are in crisis mode. European Union boss Jose Manuel Barroso told us not to worry, though. They’re on it.
“This morning’s agreement will ensure that any attempt to weaken the stability of the euro will fail,” said Barroso today as the EU threw around a trillion bucks at the cancer spawned by the Greek debt crisis. “We have stated that we will do whatever is necessary to defend the stability of the euro,” he said with an actor’s confidence. Read More Here

(Guardian) – The Greek spirit of resistance turns its guns on the IMF

Years of national denial about looming bankruptcy have turned to resentment as Greece is told how it must tackle its debt crisis Read More Here

(PaulWatson) – American Taxpayers Looted To Bail Out The Euro

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance. Read More Here

(ZeroHedge) – The Latest US Taxpayer Bill To Save Europe, And Specifically The French Banks: $57 Billion – Tyler Durden

As the US and its taxpayers represent roughly 20% of total IMF funding, today’s 3% loss in dollar purchasing power to the middle class will cost the middle class $57 billion. Read More Here

(ZeroHedge) – Summary Of The Biggest Bail Out Ever: Even Keynes Is Spinning In His Grave – Tyler Durden

Europe has now followed the Fed in its all in move to prevent the disintegration of the euro and of Europe. As we expected, the EU was leaking various rumors to gauge market interest, and as speculated earlier, the final cost ended up being just short of one trillion. Here are the key summaries: Read More Here

(LondonTelegraph) – British taxpayers ordered to bail out euro

All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. Read More Here

(AP) – Federal Reserve opens credit line to Europe

The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.

Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort. Read More Here

(C4L) – Video: Ron Paul’s Texas Straight Talk –

Banks Bailed Out By American Taxpayers

(WashingtonsBlog) – Americans bailed out the giant banks. So how do the too big to fails re-pay the American taxpayers?

By betting that American states and cities will fail.

As the Wall Street Journal notes:

As U.S. cities and towns wrestle with financial problems, investors are finding a new way to profit on their misery: by buying derivatives that essentially bet municipalities will default.

These so-called credit default swaps are basically insurance contracts that have long been available to protect holders of corporate bonds against default. They became available a few years ago for municipal debt, allowing investors to short sell—or bet against—countless cities, towns and bridges, and more than a dozen states, including California, Michigan and New York.

The derivatives are still thinly traded, but their existence has the potential to make investors skittish

Economy

(OftWoMinds) – Tyranny of the Majority, Corporate Welfare and Complicity

When 60% of the employed citizenry pay no Federal income tax, then the nation is in danger of sliding into the Tyranny of the Majority: we vote for more largesse, and you pay more tax. Complicity has consequences. Read More Here

(RollingStone) – Looting Main Street: How the Nation’s Biggest Banks are ripping off American Cities – Matt Taibbi – Read More Here

(TampaBay) – A bailout for news? Read More Here

(HeraldNet) – Senate expected to approve $667 million tax bill today

New sales taxes on candy, beer and bottled water would start in June, and on carbonated beverages in July Read More Here

(InnWorldReport) – Risk of Japan going bankrupt is real, say analysts – Read More Here

(FinancialTimes) – Soros warns Europe of disintegration

The eurozone area and wider European Union is now “on the brink” of disintegration unless Germany steps up and provides loans at below-market rates to Greece, George Soros, the hedge fund manager, has warned. Read More Here

(DiamondBack) – Depressed about our future

America is broke. We Americans have spent the last 15 years borrowing money for consumption instead of investment. Because of our high levels of debt, several prominent economists, including Gerald Celente — who predicted the collapse of the Soviet Union, the housing bubble and the tea parties — and Peter Schiff — who predicted both the NASDAQ bubble and the housing bubble — are predicting a coming collapse that will dwarf the housing bubble. Read More Here

(VancouverSun) – Thousands protest Quebec tax hikes

Thousands of protesters whom organizers described as members of Quebec’s “silent majority” demonstrated peacefully Sunday in front of the provincial legislature against tax hikes in the recent provincial budget. Read More Here

(C4L) – The Insanity of Government ‘Reform’

Albert Einstein’s definition of insanity — repeating something and expecting different results — is known to nearly everyone. Yet mere knowledge of this definition apparently has not kept the “best and the brightest” among us from becoming its practitioners. Read More Here

(InternationalForecaster) – Intervention Is Prolonging Economic Problems For Years – Bob Chapman

Banks only saved themselves not the economy, Greece singled out in the credit default crisis, the plan for a deflationary depression, every nation is in trouble, Greece now in a situation to default, banks continue to mislead, the floodgates open for lobbyists and special interests, lending costs climb, net neutrality suffers by a court ruling, Internet downgraded by court ruling Read More Here

Video: Ron Paul’s Texas Straight Talk – April 12, 2010 – Video Link Here

(AlterNet) – The Preposterous Reality: 25 Hedge Fund Managers Are Worth 680,000 Teachers (Who Teach 13 Million Students)

“It’s going to take a lot of political will — over a long period of time — to reorder our most basic economic values.”
In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people “earned,” we could have hired 658,000 entry level teachers. (They make about $38,000 a year, including benefits.) Those educators could have brought along over 13 million young people, assuming a class size of 20. That’s some value. Read More Here

(InfoClearingHouse) – The Inverse Relationship Of The Real Economy And The Stock Market In USA

Just the other day, a man who has been in business and has also been in commercial real estate said that he was mystified as to why the “economy is in recovery, but we aren’t seeing any evidence of it in business or commercial real estate.” I explained to him that the STOCK MARKET WORKS IN AN INVERSE RELATIONSHIP TO THE TRUTH ABOUT OUR ECONOMY. THE TRUTH IS THAT MOST OF THE TIME WHEN THE STOCK MARKET IS UP, IT IS AT THE EXPENSE OF WORKERS AND THEIR JOBS. IF YOU DON’T BELIEVE ME, THEN READ ON, PLEASE. Read More Here

(DailyMail) – Outrage as British Taxpayers Face £600 Million Bill to Fund EU Bail-Out of Greece’s Sinking Economy

Greece was last night handed a generous national bailout by its euro partners which will end up costing British taxpayers more than £600million a year. In a move aimed at shoring up dwindling confidence in the stricken country, the 16 eurozone members announced they would lend 30billion euros this year alone. But another cash injection from the International Monetary Fund means Britain will have to pay part of a further £13billion bill to prop up Greece in the money markets. Read More Here

(DailyWealth) – Spend It Now! A Huge New Tax Is Coming…

Everything you buy is about to become 20% more expensive…

I’m not kidding. The latest idea out of Washington is to pay for its insatiable appetite for spending with what’s called a “Value-Added Tax.” Read More Here

(NYPost) – Metal$ are in the pits – Trader blows whistle on gold & silver price manipulation

The banks, which do the Federal Reserve’s bidding in the metals markets, have long been the government’s lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association. Read More Here

Video: Collapse Of Society – Chaos In The Making

Video: Michael Moore Explains “What The Citizens Have To Do!”

Moore supports Hegelian Dialectic

(MSNBC) – March 15, 2010 – Keith Olbermann

It’s time: Declare lies for war with Iran as treason against our soldiers and US Constitution

(Examiner) – Five thousand dead American soldiers in wars all based in known lies.

Thirty thousand admitted American soldiers wounded and injured with over 100,000 disability claims granted.

Over one million dead Iraqi and Afghan citizens and God knows how many wounded and suffering.

$3 to $5 trillion in long-term costs to American taxpayers. That’s $30,000 to $50,000 per US household of $50,000 annual income. If your household makes more than $50,000 per year, do the math to understand your personal obligation to pay for these long-term costs based on known lies.

And now the US threatens nuclear war with Iran based in known lies:

Most decorated US Marine General: Purpose of all US wars is billions for insiders’ profits

(Examiner) – Smedley Butler (and here) was the most honored man in Marine Corps history. He wrote and spoke that the purpose of US wars is millions and billions in profits for America’s leading “bankers, industrialists, and speculators.” War is a “racket:” a deception whereby its purpose of blood money from American taxpayers to “insiders” is always disguised as noble and necessary ventures to keep Americans propagandized into paying again and again.

A better climate-change bill

(Philly) – As the mid-Atlantic region faces yet another massive blizzard, the problem of unregulated snow can no longer be ignored. It’s time for Congress to set limits on the crystalline mayhem descending through the atmosphere and disrupting the lives of hardworking Americans.

Video: Are US Taxpayers Bailing Out Greece? – Ron Paul

(C4L) – Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Their debt level is about 120 percent of their gross domestic product and their public sector absorbs what amounts to 40 percent of GDP. Any talk of cutting costs and spending is met with violent protests from the many Greeks heavily dependent on government payments. Mounting fears of default have sent shockwaves through their creditors and all of the eurozone countries.

MSM: Blackwater Allegedly Charged U.S. Taxpayers for Strippers and Prostitutes

(NYTimes) – Two former employees of Blackwater Worldwide have accused the private security company of defrauding the government for years by filing bogus receipts, double billing for the same services and charging government agencies for strippers and prostitutes, according to court documents unsealed this week.

US federal government shuts down due to snow

(RawStory) – Hundreds of emergency crews battled Sunday to clear snow-clogged roads and restore power to thousands of homes across the US east coast before a new storm hits, aided by some welcome winter sun.

Economy

Secret summit of top bankers

THE world’s top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets. Read More Here

(Pravda) – Paulson and US Collapse, Lets Blame It On Russia, We Do Everything Else

It’s good to see that US officials and former officials continue acting to par, God forbid they actually shock us and change their stripes. The latest tripe out of the mouths of the mega corrupted and their hand picked puppets is Henry Paulson’s tripe about Russia trying to collapse the US economic bubble and that being the reason that the US is now down on its luck. Read More Here

(JBS) – Ending the Government Monopoly on Currency

The legal tender laws of the United States are found in Article I, Section 8 of the Constitution and grant power to Congress to “coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.” Nothing more. Read More Here

(WSJ) – ‘Fear Gauge’ Spikes 20%

The so-called fear gauge jumped nearly 20% as stocks took a tumble and looked ready to close at their lowest point of the year. Read More Here

(Bloomberg) – 824,000 Jobs will Disappear on February 5th – Read More Here

(BusinessDay) – Warning of Greek crisis spreading across EU

THE Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words. Read More Here

(Reuters) – U.S. commercial property prices hit new cycle low

U.S. commercial real estate prices fell 4.9 percent in the fourth quarter, setting a new low for the current downturn, according to a leading property index released on Friday. Read More Here

(FoxBusiness) – TrimTabs Estimates Take-Home Pay of All Taxpayers in 2009 Plunged $800 Billion, or 12%, While Value of U.S. Stocks Surged $3.5 Trillion, or 27

TrimTabs Investment Research estimated today that the take-home pay of all taxpayers in 2009 plunged $800 billion, or 12%, to $5.8 trillion. Meanwhile, the market value of all U.S. stocks rose $3.5 trillion, or 27%, to $16 trillion. Read More Here

(Fortune) – Next in line for a bailout: Social Security

Don’t look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system. Read More Here

Obama’s Budget Would Increase Penalties Five-Fold on Tax Protesters

Under current law, the willful failure to pay taxes is a misdemeanor. You could go to jail for up to a year and pay a maximum fine of $25K (for individuals, $100K for corporations) for each year you fail to file a return. There is a proposal in the new budget to increase the penalty for repeated failure to file a tax return: Read More Here

(ToledoBlade) – Ohio state income tax off $97.7M

For the first time since the state enacted its two-year budget in July after dramatically lowering its revenue expectations, tax coffers contain less than the amount officials had projected at this point. Read More Here

(IndyStar) – State revenue is $74.8M off forecast

Groundhog Day may have already passed, but it doesn’t feel like it in Gov. Mitch Daniels’ second-floor Statehouse office. Read More Here

(ETFGuide) – Real Unemployment 18 Percent – Will Stocks Falter?

The unemployment picture painted by today’s jobs report headlines is much rosier than reality. Yet, the Dow broke below 10,000 for the first time in months. The real unemployment number reported by the Bureau of Labor Statistics (BLS) is much higher and scarier than they want you to believe. What’s next? Read More Here

(Telegraph) – Fears of ‘Lehman-style’ tsunami as crisis hits Spain and Portugal

The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words. Read More Here

Video: Ron Paul on Freedom Watch with Judge Napolitano

(Fox) – February 3, 2010 – In this segment, Congressman Ron Paul discusses the corrupt Treasury Department and lots more.

Taxpayers pay $101,000 for Pelosi’s in-flight ‘food, booze’

(WND) – It reads like a dream order for a wild frat party: Maker’s Mark whiskey, Courvoisier cognac, Johnny Walker Red scotch, Grey Goose vodka, E&J brandy, Bailey’s Irish Crème, Bacardi Light rum, Jim Beam whiskey, Beefeater gin, Dewars scotch, Bombay Sapphire gin, Jack Daniels whiskey … and Corona beer.

MSM: Q+A-Cost of Iraq, Afghanistan tops $1 trillion

(Reuters) – The cost to U.S. taxpayers of the wars in Iraq and Afghanistan since 2001 has topped $1 trillion, and President Barack Obama is expected to request another $33 billion to fund more U.S. troops this year.

MSM: Taxpayers’ millions paid to Indian institute run by UN climate chief

(LondongTel) – Millions of pounds of British taxpayers’ money is being paid to an organisation in India run by Dr Rajendra Pachauri, the controversial chairman of the UN climate change panel, despite growing concern over its accounts.

Moving Your Money Can Have a Real Effect on Big Banks

(WashingtonsBlog) – People have asked whether moving your money from your giant bank to a small community bank or credit union will have any real affect on the too big to fails, given that most of their profits come from speculative investments instead of normal banking deposits.

Video: Obama’s bank tax is chump change – Celente

(RussiaToday) – The tax on banks proposed by Washington guarantees Wall Street $US 4 trillion which means top banks will keep playing the same game in the future, economic trend forecaster Gerald Celente warned.

MSM: Volcker Says New Taxes Not an “Unreasonable Response” to Federal Banker Bailout

(CNN) – Former Federal Reserve Chairman Paul Volcker said Thursday that more needs to be done to regulate the financial system before the lessons of the recent crisis are forgotten.

Proposed Legislation: IRS to Make Sure Americans Are Buying Health Insurance

(Cryptogon) – Internal Revenue Service agents already try to catch tax cheats and moonshiners. Under the proposed health care legislation, they would get another assignment: checking to see whether Americans have health insurance.

Video: Peter Schiff – A Nightmare Before Christmas

December 24, 2009

MSM: Big payoffs to senators on health bill stoke public anger

(SFExaminer) – With the approval rating of Congress sinking in the polls and public opinion of their health care plan going down along with it, Democrats may have done themselves one favor too many this week when they riddled the bill with special deals for individual lawmakers.

House Passes $1.1 Trillion Spending Bill

(AntiWar) – There was a time when the federal government’s annual budget was submitted by the president and decided by the Congress in a relatively straightforward fashion. A time when it wasn’t so difficult to figure out what the government spent taxpayers’ money on.

Video: Climategate Reveals ‘Scientific Fascism’

Representative F. James Sensenbrenner (R – WI) questions Dr. John Holdren, President Obamas Science and Technology advisor regarding ClimateGate, calling the tactics used by some climate experts as scientific fascism.

Cap and Trade Is A Tax and It’s a Great Big One

(HeritageFoundation) – Cap and Trade Top Ten List

Cap and Trade Is a Massive Energy Tax.

It Will Not Make A Substantive Impact on the Environment.
It Will Kill Jobs.
It Will Cause Electricity Bills and Gas Prices to Sharply Increase
It Will Outsource Manufacturing Jobs and Hurt Free Trade
It Will Make You Choose Between Energy, Groceries, Clothing, and Haircuts
It Will Be Highly Susceptible to Fraud and Corruption
It Will Hurt Senior Citizens, the Poor, and the Unemployed the Worst.
It Will Cost American Families Over $3,000 a Year.
President Obama Admitted “Electricity Rates Would Necessarily Skyrocket” under a cap-and-trade program (January 2008)

Trickle-up Economics – Fool me once, shame on you; fool me twice shame on me

(PaulCraigRoberts) – Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com.  The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.”

Is President Obama’s Surge A Trap? – Cynthia McKinney

Last night, President Obama announced both his decision to add 30,000 U.S. troops to the mire in Afghanistan and his desire to see other countries and N.A.T.O. match his surge. Thanks to U.S. taxpayers, mercenaries will continue to be a part of the foreign presence in Afghanistan. The Republicans support the President’s move and are expected to reward President Obama with the bulk of their Congressional votes to pass his plan.

By 2019, Taxpayers Will Pay $196 Billion A Year for Obamacare, But 24 Million People Will Remain Uninsured

(CNSNews) – Under the health care bill introduced by Senate Majority Leader Harry Reid (D-Nev.) on Wednesday, by 2019 taxpayers will be paying $196 billion per year to subsidize other people’s health insurance coverage, but there still will be 24 million uninsured people in America, according to the Congressional Budget Office and the Joint Committee on Taxation.

Obama Allies Want New Tax To Pay For Cost Of Protecting Afghan Opium Fields, Bribing Taliban

(PaulWatson) – Not content with savaging American taxpayers with two huge new financial burdens during an economic recession, in the form of health care reform and cap and trade, close allies of Barack Obama have proposed a new war surtax that will force Americans to foot the bill for the cost of protecting opium fields in Afghanistan, paying off drug lords, and bribing the Taliban.

MSM: Bailout overseer Elizabeth Warren – banks recklessly gamble knowing US taxpayers will pay losses

(Examiner) – Elizabeth Warren is a Harvard law professor specializing in contract, bankruptcy, and commercial law. She is also chair of the Congressional oversight committee for the so-called “bailout.” In the following 6-minute interview, Warren sharply criticizes the political “leadership” of both parties for allowing the big banks to gamble and profit, then be bailed-out when their gambling crashes.

MSM: £4,350 per family to bail out Britain’s banks

(Telegraph) – The Chancellor confirmed that the Government would pump an extra £25.5 billion into Royal Bank of Scotland, and declared that it was the only way to keep the business alive.

Video: Geithner “Burned Billions,” Shafted Taxpayers on CIT Loan, Prof. Bill Black Says

(Yahoo) – Another one of the nation’s largest lenders has filed for bankruptcy. On the brink for months, CIT filed for Chapter 11 protection on Sunday.

MSM: New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers

(Bloomberg) — In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-default swaps from AIG, according to a person who has worked with Habayeb.

Is New York Facing a Financial China Syndrome?

We have previously discussed the dangers of increasing taxation in places like New York city. Now it appears that the city is facing a tax-version of the China Syndrome where over-taxation may be causing wealthier families to flee, which increases the need for higher taxes on those remaining.

Video: Protest Against Wall Street Bankers

Today was an amazing beginning for us. Not just the beginning of the three day protest against the American Bankers Association (ABA) conference, but the beginning of the end for business as usual on Wall Street. The big banks heard loud and clear tonight that taxpayers are fed up with them taking our money and using it to pay themselves outrageous profits and lobby against financial reform.

US Joins Ranks of Failed States – Paul Craig Roberts

The US has every characteristic of a failed state.

The US government’s current operating budget is dependent on foreign financing and money creation.