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11 Reasons Why America Would Be A Better Place Without Goldman Sachs

March 16th, 2012 by

http://www.businessinsider.com/11-reasons-why-america-would-be-a-better-place-without-goldman-sachs-2012-3

Michael SnyderThe Economic Collapse  

Would America be a better place without Goldman Sachs? Of course it would. The "vampire squid" of Wall Street does not care about the future of America. Sadly, Goldman Sachs apparently does not even care much about their own clients.  What Goldman Sachs is all about is making as much money as humanly possible. In the end, there is nothing wrong with making money, but there are constructive ways to make money and there are destructive ways to make money. 

Unfortunately, Goldman Sachs seems to find the destructive path almost irresistible. Greg Smith, the head of the U.S. equity derivatives business for Goldman Sachs in Europe, the Middle East and Africa made headlines all over the world on Wednesday when he resigned publicly from Goldman Sachs in a scorching editorial in the New York Times

Smith said that he could "honestly say that the environment now is as toxic and destructive as I have ever seen it". Considering what we know has gone on at Goldman over the past decade, that is very frightening to hear.  So could this be the beginning of the end for Goldman Sachs?  And if it is, will America be a better place when Goldman is gone?

You would think that at some point clients of Goldman would become so sick and tired of the stories of corruption coming out of the firm that they would simply walk away.

Unfortunately, corruption is so endemic on Wall Street that Goldman Sachs really does not seem out of place.  The truth is that a lot of the things that are said about Goldman could also be said about JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley.

But in recent years Goldman Sachs has truly become a national symbol of what is wrong with our financial system.  As the American people become fed up with institutions such as Goldman, hopefully we will start to see some of them disappear.

The following are 11 reasons why America would be a better place without Goldman Sachs….

#1 Even after all of the negative publicity we have seen in recent years, Goldman Sachs appears to not have learned any lessons. The following is how Greg Smith described the three ways to get ahead at Goldman Sachs….

"What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym."

#2 Goldman Sachs is one of the too big to fail banks and those banks just keeping getting bigger than ever. Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 U.S. banks control 77 percent of all U.S. banking assets.  So if we couldn't afford to let them fail back in 2008 because they were so big, why did we allow them to become even larger?

#3 The Federal Reserve shows great favoritism to big Wall Street banks such as Goldman Sachs.  For example, between December 1, 2007 and July 21, 2010 the Federal Reserve made 814 billion dollars in secret loans to Goldman Sachs.

#4 Goldman Sachs is at the heart of the derivatives bubble that threatens to throw the entire global financial system into chaos.  At this point, Goldman Sachs has over 53 trillion dollars of exposure to derivatives.

According to the New York Times, the big Wall Street banks completely control derivatives trading.  In fact, the New York Times says that representatives from JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup hold a secretive meeting each month to coordinate their domination over the derivatives market….

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

#5 Goldman Sachs was at the very heart of the financial crisis of 2008 which plunged the entire global economy into a very deep recession.  In the years leading up to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and they marketed them to investors as AAA-rated investments.  On top of that, Goldman then often made huge bets against those exact same securities which turned out to be extremely profitable when those securities crashed and burned.

The following is how the New York Times described what was going on at the time….

"Goldman was not the only firm that peddled these complex securities — known as synthetic collateralized debt obligations, or C.D.O.’s — and then made financial bets against them, called selling short in Wall Street parlance. Others that created similar securities and then bet they would fail, according to Wall Street traders, include Deutsche Bank and Morgan Stanley, as well as smaller firms like Tricadia Inc."

Sylvain Raynes, an expert in structured finance at R & R Consulting in New York, said at the time that he was absolutely shocked by what Goldman was doing….

"The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen"

#6 Goldman Sachs played a huge role in getting Greece, Italy and several other European nations into so much debt.  The following is an excerpt from an article by Andrew Gavin Marshall….

In the same way that homeowners take out a second mortgage to pay off their credit card debt, Goldman Sachs and JP Morgan Chase and other U.S. banks helped push government debt far into the future through the derivatives market. This was done in Greece, Italy, and likely several other euro-zone countries as well. In several dozen deals in Europe, “banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books.” Because the deals are not listed as loans, they are not listed as debt (liabilities), and so the true debt of Greece and other euro-zone countries was and likely to a large degree remains hidden. Greece effectively mortgaged its airports and highways to the major banks in order to get cash up-front and keep the loans off the books, classifying them as transactions.

#7 Goldman Sachs is working very hard to help state and local governments sell off our highways, water treatment plants, libraries, parking meters, airports and power plants to the highest bidder.  Much of the time foreigners are the highest bidders for these precious infrastructure assets.

The following is how Dylan Ratigan described what is going on….

On Wall Street, setting up and running “Infrastructure Funds” is big business, with over $140 billion run by such banks as Goldman Sachs, Morgan Stanley, and Australian infrastructure specialist Macquarie. Goldman’s 2010 SEC filing should give you some sense of the scope of the campaign. Goldman says it will be involved with “ownership and operation of public services, such as airports, toll roads and shipping ports, as well as power generation facilities, physical commodities and other commodities infrastructure components, both within and outside the United States.” While the bank sees increased opportunity in “distressed assets” (ie. Cities and states gone broke because of the financial crisis), the bank also recognizes “reputational concerns with the manner in which these assets are being operated or held.”

#8 At the same time that Goldman Sachs is causing all sorts of trouble for everyone else, their employees are making crazy amounts of money.  During 2010, employees of Goldman Sachs brought in more than 15 billion dollars in total compensation.

#9 Goldman Sachs has way too much influence over the federal government.  There is a reason why it is commonly referred to as "Government Sachs".  No matter who is the White House, people that used to work for Goldman and other big Wall Street banks always seem to be crawling around.

Last year, Michael Brenner wrote the following about the composition of the Obama administration….

Wall Street's takeover of the Obama administration is now complete. The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC's Investment Management division. Even the National Security Advisor, Thomas Donilon, was executive vice president for law and policy at the disgraced Fannie Mae after serving as a corporate lobbyist with O'Melveny & Roberts. The keystone of the business friendly team was put in place on Friday. General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the president's Council on Jobs and Competitiveness.

#10 Employees from Goldman Sachs pour way too much money into our national elections.  In 2008, donations from individuals and organizations affiliated with Goldman Sachs donated more than a million dollars to Barack Obama.  This time around they are pouring huge amounts of cash into Mitt Romney's campaign.

#11 Goldman Sachs is still a "vampire squid" as Matt Taibbi once so famously proclaimed in Rolling Stone….

"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates."

Once again, there is nothing wrong with making money.

And there is certainly nothing wrong with working in the financial system.

But there is a right way to do things and there is a wrong way to do things.

Goldman Sachs is doing things very much the wrong way, and America would be a better place without them.

OLDDOGS COMMENTS

Remember this statement! The day will come when American’s will wonder why they did not demand a covert strike on the Investment Bankers, for if any human being deserves to die at the hand of justice it is these scumbags In the International Investment Banking Cartel. They are directly responsible for more atrocities than anyone who has lived in the history of civilization. Roasting them in public is not enough pain to compensate for what they have done. Hitler, and Stalin were saints in comparison to them. 

 

INVESTMENT FRAUD

 

JP Morgan Chases Ugly Family Secrets Revealed

March 15th, 2012 by

Also read  Bank of America Too Crooked to Fail at http://anationbeguiled.wordpress.com

http://www.rollingstone.com/politics/blogs/taibblog/j-p-morgan-chases-ugly-family-secrets-revealed-20120313

In a story that should be getting lots of attention, American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase's credit card services division, relying on multiple current and former Chase employees. One of them, Linda Almonte, is a whistleblower whom I've known since last September; I'm working on a recount of her story for my next book.

One of the things we were promised by the lawmakers who passed the Dodd-Frank reform bill a few years back is that this would be a new era for whistleblowers who come forward to tell the world about problems in our financial infrastructure. This story now looms as a test case for that proposition. American Banker reporter Jeff Horwitz did an outstanding job in this story detailing the sweeping irregularities in-house at Chase, but his very thoroughness means the news may have ramifications for Linda, which is why I'm urging people to pay attention to this story in the upcoming weeks.

The Cliff's Notes version of the story goes something like this: Late in 2009, Chase's credit card services division sold a parcel of nearly $200 million worth of credit card judgments to a debt collector at a discount. This common practice in the credit-card industry is a little like a bookie selling the outstanding debts of his delinquent gamblers to a leg-breaker for 25 cents on the dollar. If the leg-breaker gets half the delinquents to pay, the deal works out for both sides — the bookie gets 25 percent of money he wasn't going to collect, and the leg-breaker makes a 100 percent profit.

In the case of credit cards, of course, you're selling the debts to collection agents, not leg-breakers, but aside from that unpleasantly minor distinction the process is the same. The most valuable kinds of sales in this world are sales of credit card judgments, in other words accounts in which the debtor has already been successfully brought to court. That, ostensibly, is what this bloc of accounts Chase sold in 2009 involved.

Almonte came to Chase in the summer of 2009 as a mid-level executive in the credit card services division's offices in San Antonio, and was quickly put in charge of preparing the documentation for this enormous sale of credit card judgments. When Chase regional offices from places like southern California and Illinois began sending in the papers for these "judgments," Almonte very soon found out that something was seriously wrong. From Horwitz's piece:

Nearly half of the files [Linda’s] team sampled were missing proofs of judgment or other essential information, she wrote to colleagues. Even more worrisome, she alleged in her wrongful-termination suit, nearly a quarter of the files misstated how much the borrower owed.

In the "vast majority" of those instances, the actual debt was "lower that what Chase was representing," her suit stated.

Linda subsequently found an enormous range of errors. Some judgments, she told me, were not judgments at all. In some cases, she said, Chase actually owed the customer money.

When she brought these concerns to her superiors, what do you think their response was? They told her and others to shut up and just sell the stuff anyway. Her boss, Jason Lazinbat, allegedly told her "she had better go along with the plan to sell the misrepresented asset."

Think of the consequences of this: because Chase was so anxious to make money off this debt sale, countless credit card borrowers would now have collection agents chasing them for money they did not owe. The debt-buyer, too, was victimized by being sold accounts it could not collect on. It is almost impossible to estimate how many man-hours of pointless court proceedings would be lost because of this decision.

Anyway, when Linda refused to go along with the sale, she was fired. This was in November of 2009. She then went through a post-firing odyssey that is an epic tale in itself: her many attempts to get any of the major bank regulators interested in this case were disturbingly fruitless for a long time (although the Office of the Comptroller of the Currency is apparently looking into it now), and she struggled to find work in the industry.

She has been repeatedly harassed and has gone through all sorts of personal hardship as a result of this incident. She filed a whistleblower claim with the SEC as part of the new whistleblower program created by Dodd-Frank, but so far there's been no progress there.

When I met Linda last year, my first reaction to her story was that I was skeptical. The tale she told went far beyond the bank knowingly selling millions of dollars worth of errors into the financial system. She also recounted, firsthand, the bank's elaborate robosigning operation, which Horvitz, talking to other Chase employees, also discussed:

"We did not verify a single one" of the affidavits attesting to the amounts Chase was seeking to collect, says Howard Hardin, who oversaw a team handling tens of thousands of Chase debt files in San Antonio. "We were told [by superiors] 'We're in a hurry. Go ahead and sign them.'"

And there were other stories…suffice to say that the picture Linda painted of life inside Chase reminded me a little of Upton Sinclair's The Jungle: they were putting just about everything into those sausages. When I was writing it all up for my book I went through a period where I was waking up nights, seized with the urge to close every credit account I had – her story makes you think that most credit card companies are essentially indistinguishable from giant identity theft operations.

Again, though, when I first heard the story, I was skeptical – until I found other people in the company who verified Almonte's account, all the way down the line. Horvitz, too, found numerous employees in Chase's credit card services division who confirmed the story of the company knowingly selling a mountain of errors into the market, and manufacturing robo-signed documents to the tune of thousands per week.

The financial crash wouldn't have happened if even a slim plurality of financial executives had done what Linda Almonte did, i.e. simply refuse to sign off on a bogus transaction. If companies had merely upheld their own stated policies and stayed within the ballpark of the law, none of these messes could have accumulated: fraudulent mortgages wouldn't have been sold, families wouldn't have been foreclosed upon based on robo-signed documentation, investors wouldn't have been duped into buying huge packets of "misrepresented assets."

But most executives didn't refuse to go along, precisely because powerful companies make it so hard on people who come forward. Almonte, after being fired, entered into a modest settlement with Chase that prohibited her from coming forward publicly. At the time she entered into the settlement she was in an extremely desperate state, and she made a bad decision, taking a very bad deal.

Still, like Jeffery Wygand, the tobacco scientist from the movie The Insider, she was sitting on top of a story that, morally speaking, should not ever be protected by a confidentiality agreement — and the subsequent lack of regulatory action eventually moved her to speak out to people like Horvitz and me. Of course, now that her story is out there in public, the concern is that the bank will move swiftly to take her to court.

This person does not have any money, so an action by Chase at this point would be purely punitive, to send a message to future whistleblowers. They'll be more likely to do it if they think no one is paying attention. I'll keep you posted on that score.

In the meantime, please check out Horvitz's piece. It should give everyone who has a credit card pause. See it below.

OCC Probing JPMorgan Chase Credit Card Collections

http://www.americanbanker.com/issues/177_49/chase-credit-cards-collections-occ-probe-linda-almonte-1047437-1.html?zkPrintable=1&nopagination=1

First in a series

JPMorgan Chase & Co. took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit card borrowers for at least two years, current and former employees say.

The process flaws sparked a regulatory probe by the Office of the Comptroller of the Currency and forced the bank to stop suing delinquent borrowers altogether last year.

The bank's errors could call into question the legitimacy of billions of dollars in outstanding claims against debtors and of legal judgments Chase has already won, current and former Chase employees say.

For the banking industry at large, the situation at Chase highlights the risk that shoddy back-office procedures and flawed legal work extends well beyond mortgage servicing.

"We did not verify a single one" of the affidavits attesting to the amounts Chase was seeking to collect, says Howard Hardin, who oversaw a team handling tens of thousands of Chase debt files in San Antonio. "We were told [by superiors] 'We're in a hurry. Go ahead and sign them.'"

Hardin left the bank in 2010 to work in a different industry.

Chase declined repeated requests to discuss details of its consumer debt collection activities.

Company documents, court filings, and interviews with seven current and former employees reveal that Chase's credit card litigation operation was allegedly plagued by unreliable external attorneys, management's disregard for accuracy, and patchy technology.

The bank's computer systems frequently disagreed about how much debtors actually owed, several of the Chase sources say.

The employees' stories corroborate allegations made by Linda Almonte, a former mid-level business process executive in Chase's San Antonio-based Credit Card Litigation Support Group. Dismissed in November 2009 after six months on the job, Almonte filed whistleblower complaints and a wrongful termination suit claiming that she was fired for objecting to the sale of credit card debts with erroneous balances.

Almonte's complaints drew the attention of the OCC, former Chase employees say, and led to the April 2011 shutdown of a formidable collections operation that generated several billion dollars of legal judgments every year.

Few details of the OCC's investigation are available, but current and former Chase employees confirm that staffers from the agency's enforcement division spent two months gathering information in the San Antonio facility late last year. A person familiar with the OCC's review says that the regulator is taking the situation very seriously.

This is the first article in a series that will look at what allegedly went wrong in Chase's credit card litigation operation — and how those missteps could roil the banking and debt collection industries.

'Outhouse' Attorneys

The root of Chase's card collections failures was more machine than man. Chase maintains a patchwork of computer systems that don't always communicate well, according to former employees who used them. Meet TSYS, TCSF and RMS.

TSYS is what outsiders assume a global bank's customer data system looks like. Licensed from Total Systems Services Inc. and managed by Chase, it's the modern and versatile system that consumers ultimately talk to when they check their credit card balance online.

TSYS only handles current accounts, however. When customers stop paying credit card bills, their accounts are passed to TCSF, for collections and litigation, and eventually to RMS for charge-offs.

Each of Chase's systems handles its own tasks just fine. The problem employees faced is that TCSF and RMS can only talk to each other through TSYS, and each of the systems operates by its own rules. This means that when presented with the question of how much a customer owes, each might spit out a different answer.

"I came across that on a regular basis," says Carole McGinn, who retired in 2010 from the credit card litigation support group in San Antonio. The discrepancies were usually minor, she and three other employees say, but payments by heavily delinquent borrowers would throw the records seriously out of whack.

"There was no way to reconcile those balances that I knew of," says McGinn, who worked at Chase for almost 15 years.

To overcome this problem, Chase's business process staff reviewed records in multiple systems and reconciled the accounts manually.

Chase's relationship with outside debt collectors posed another potential glitch. In populous states like California, Illinois and Florida, the bank employed in-house attorneys who were wired into all of its relevant computer systems.

Elsewhere, it relied on what credit card litigation staffers referred to as "outhouse attorneys." Paid according to how much money they recovered, the outsiders were connected only to TCSF, the litigation system. Former Chase employees say some of the firms, such as thesince-imploded Mann Bracken LLP, were known for poor recordkeeping.

Chase's San Antonio crew was well versed in dealing with their computer systems' quirks and the outside firms' foibles. They adjusted accordingly, monitoring outside law firms for errors and stripping inaccurate charges from accounts.

"We made it work," says a former employee.

"Everything in Dollars Collected"

Things began to change in 2008, when Chase replaced the credit card division's San Antonio management, current and former Chase employees say. The bank installed Edmond Helaire as the San Antonio operations director, and he hired Jason Lazinbat as his No. 2.

Chase staffers who spoke with American Banker say they were never told the reason for the house-cleaning, but several speculate that the bank was looking to increase recoveries. Even before the financial crisis made a shambles of consumers' finances, Chase's expanding credit card portfolio and growing propensity to sue for unpaid debts had dramatically increased the volume of cases it handled.

At the beginning of the last decade, Chase recouped $130 million a year from bad consumer debt of all stripes. By 2009, recoveries on credit cards alone exceeded $1.2 billion. Over the next two years, the bank would charge off more than $20 billion in credit card accounts. Litigation was the most profitable way to handle the bad debts.

Lazinbat was a Chase veteran with experience overseeing teams of debt collectors. He chafed at what he saw as the duplicative checks and balances that the old guard considered essential to ensuring the numbers were accurate, former employees say.

Lazinbat "measured everything in terms of number of dollars collected," says a former Chase employee who requested anonymity. "He did not understand that in the process world, that's not what you look at. That's not the metric."

Chase spokesman Paul Hartwick responded to messages left for Lazinbat, who declined to comment.

Rank-and-file staff began complaining about orders to take shortcuts as part of the broader culture clash, current and former employees say. The conflict ended when Lazinbat and Helaire terminated several key mid-level officials in 2008 and early 2009, employees say.

"Documents Were Trashed"

One of the replacements brought in was Linda Almonte, a congenitally upbeat former Washington Mutual process execution manager who gets excited about Six Sigma quality control.

By the time of Almonte's May 2009 arrival, the rapidly expanding portfolio of delinquent accounts and the quirks in Chase's systems had produced serious problems, she and others say.

The outside attorneys were one flashpoint. The records the law firms used to sue people sometimes differed from Chase's own files at an alarming rate, according to a routine Chase presentation prepared by Almonte and later submitted to the Securities and Exchange Commission. Some law firms' records disagreed with Chase's in almost 20% of cases sampled, a rate far above what is regarded as an acceptable level of errors.

"That's horrendous," says a former Chase attorney who was informed of the numbers by American Banker.

The outsiders' lack of access to TSYS was one weakness. Another was that the law firms' recovery-based pay encouraged slapdash work, says the former attorney and other former Chase employees.

"They did not make a meaningful review of what they had," the attorney says.

The staff of the Credit Card Litigation Support Group grappled with quality control and how to ascertain that customers did, in fact, owe the company money. In one Chase email, Almonte suggested to Lazinbat that the bank should negotiate with delinquent customers before suing them. Doing so, she wrote, would "weed out additional accounts that were settled or payments made that are not showing up in the system."

Other things were falling through the cracks. Borrower correspondence sent to the San Antonio facility, such as bankruptcy notifications, address changes, and hardship requests were being dropped on an unmanned desk, according to a 2009 printout from Chase's troubleshooting log.

"There is no existing … process in place that states what action should take place when … this correspondence is received," notes a log entry submitted by an employee.

(The emails and internal records cited in this story are pulled from Almonte's whistleblower complaints. While Chase has declined to discuss them, former employees attested to the documentation's apparent legitimacy.)

Documents weren't simply misplaced: Chase shredded incoming correspondence such as records of borrower payments and counter-judgments extinguishing debts, Almonte alleged in her wrongful termination suit.

While none of the people who spoke with American Bankerwitnessed this, McGinn says she also heard colleagues acknowledge that some correspondence had been destroyed.

"I understand there were documents trashed, yes," she says. McGinn retired from the San Antonio facility in June of 2010 after she says she became uneasy with how it was being managed.

"My mouth was going to get me in more trouble than I could live with," McGinn says.

Three Signers, Billions in Debt

Former Chase employees say they used to consider the mass production of affidavits by document signers to be at most a technical concern. This is because quality control staff traditionally vetted the files thoroughly for bankruptcies, identity theft, and errors before passing the documents to signers.

But given their growing concerns about possible errors in underlying collections and litigation records, these procedural issues began to seem substantive.

One of Chase's most prolific affidavit signers was Ruben Alcaraz, one of three San Antonio liaisons with the in-house collections attorneys, court filings indicate. By law, collection affidavits require the signer to be familiar with the bank's pertinent records.

(The failure to follow similar procedures in the mortgage market is what created the industry's foreclosure robosigning problems.)

"Based upon my review of the Plaintiff's books and records of Defendant's account(s), I have personal knowledge of the facts set forth in the attached pleading," states one Pennsylvania card-debt affidavit signed by Alcaraz. "This verification is made subject to the penalties of [Pennsylvania law] relating to unsworn falsification to authorities."

Numerous former employees say that Alcaraz and his colleagues rarely if ever reviewed such files. They routinely signed stacks of affidavits on flights and in meetings, which in some cases were attended by Helaire, Lazinbat and Chase compliance staffers. Nobody objected, Almonte and others say.

Alcaraz also describes himself in the court documents as an "officer of the bank" and an "Assistant Treasurer." High-level Chase management had instructed the staff to stop signing documents using such titles around the middle of the last decade, four Chase sources say. But Lazinbat ordered them to do it anyway. An operator for Chase's internal switchboard identified Alcaraz as a "business analyst."

"Hardly, if ever, was anything verified," Almonte's SEC complaint states. "There was constant complaining by the Attorney Liaisons about having to manually sign these affidavits … they always questioned why they could not have them digitally signed in bulk."

"Each and every one of those [affidavits] should have been manually checked," says Hardin, framing the issue as one of basic quality control. "There was a lot of need for diligence, and sometimes that just didn't happen."

A message left for Alcaraz was returned by Chase spokesman Hartwick, who said that Alcaraz declined to comment.

"A Huge Cleanup"

Almonte says she initially limited her criticism of Chase's operations to pushing internally for improvements.

"I have a lot of areas where the ball was dropped … and now we have a huge cleanup," she wrote in an email to Lazinbat in October 2009.

While Almonte says her relationship with Helaire and Lazinbat was initially excellent, it fell apart when she began questioning how the bank was handling the sale of $200 million of legal judgments to an outside debt collection company.

Nearly half of the files her team sampled were missing proofs of judgment or other essential information, she wrote to colleagues. Even more worrisome, she alleged in her wrongful-termination suit, nearly a quarter of the files misstated how much the borrower owed.

In the "vast majority" of those instances, the actual debt was "lower that what Chase was representing," her suit stated.

Among the files Chase was selling, Almonte said, were former Providian Financial Corp debts that had previously belonged to the failed Washington Mutual. (JPMorgan acquired Wamu's assets from the Federal Deposit Insurance Corp. in 2008.) The Providian files had been labeled with a code that that the credit card litigation group used to signal "toxic waste," she says.

Another person familiar with the files confirmed that the Providian accounts were commonly referred to with that term. The debt had long been considered unreliable and lacked documentation. It was never supposed to be sold, this person says.

A review of state court records shows that second-hand debt buyers are suing people who allegedly owe money on the Chase-Wamu-Providian accounts, however. Informed that the files have surfaced in court, the former Chase employee who confirmed the files' "toxic" status was appalled.

"That's crazy," the person says. "I can't believe they [Chase officials] did that."

Almonte called for the bank to halt the debt sale, but was warned by Lazinbat that "she had better go along with the plan to sell the misrepresented asset," she later wrote in her employment lawsuit.

Almonte says she refused Lazinbat's order and escalated her concerns to his boss, Helaire. Chase fired her on Nov. 30, 2009.

Carole McGinn was not a party to discussions about the debt sale but confirms the thrust of Almonte's claims. "I know she [Almonte] was looking into things that they didn't want her looking into," McGinn says.

The following March, Almonte filed her wrongful termination suit. First reported by the San Antonio Express-News, the case brought Chase's alleged problems into public view.

"This is not an accident anymore," Almonte now says. "The same people who created this problem at Chase are still in charge. They aren't going to fix it unless they're forced to."

NEXT: Almonte sues. The OCC gets interested. Chase fires in-house collections attorneys and the reliability of its judgments comes into question.


OLDDOGS COMMENTS

DON'T BE A FOOL, USE YOUR LOCAL CREDIT UNION

BANKING FRAUD

 

 

 

 

MODEL NULLIFICATION RESOLUTIONS FOR STATE LEGISLATURES

March 14th, 2012 by

http://www.newswithviews.com/Publius/huldah102.htm

PART 1 AND 2

By Publius Huldah

March 14, 2012

NewsWithViews.com

[The Proposed Tennessee Resolutions of 2012]

Proposed by Publius Huldah

1. Resolved, That the States composing the United States of America are not united on the principle of unlimited submission to the federal government; but that, with the Constitution for the United States, they established a federal government for limited purposes only. That they delegated to this federal government only limited and enumerated powers; and reserved, each State to itself, all remaining powers, along with the right to their own self-government.

That whenever the federal government assumes undelegated powers, its acts are unauthoritative, void, and of no force.

That to these Principles, each State agreed as a State, and as the Parties to the Constitution.

That the federal government is not a party to the Constitution, but is merely the creature of the Constitution; and as the mere creature, was not made the exclusive or final judge of the extent of the powers delegated to it; since that would have made the creature’s will, and not the Constitution, the measure of its powers. That as in all other cases of compact among powers having no common judge, each State has an equal right to judge for itself as to whether the creature has committed infractions, and as to the mode and measure of redress.

2. Resolved, That Art. I, Sec. 2, of the Constitution of The State of Tennessee acknowledges the Principle that the doctrine of nonresistance against arbitrary power and oppression is absurd, slavish, and destructive of the good and happiness of mankind.

3. Resolved, That the Constitution of the United States ordained and established a Federation of Sovereign States which united only for THE LIMITED PURPOSES enumerated in the Constitution: national defense, international commerce and relations; and domestically the creation of an uniform commercial system: Weights & measures, patents & copyrights, a monetary system based on gold & silver, bankruptcy laws, and mail delivery. That the 10th Amendment to the Constitution also declares that “the powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

That nowhere in the Constitution of the United States was any power granted to Congress to make laws respecting agriculture, farming operations, labor and employment, or children and families; and that nowhere in the Constitution are powers over these matters prohibited to the States. These matters are altogether outside the scope of powers delegated to the federal government. Therefore, power over these matters is reserved solely and exclusively to the respective States and THE PEOPLE, each within its or their own territory.

4. Resolved, That Art. I, Sec. 1 of the Constitution of the United States provides that all legislative Powers granted by that Constitution are vested in CONGRESS; therefore, Departments within the Executive Branch are forbidden to make any “rules” or “laws” of general application whatsoever. That administrative rules promulgated by the Department of Labor, one of the Executive Departments of the federal government, set forth at 29 CFR Part 570, and which pretend to regulate child labor throughout the several States; are altogether void, and of no force, as in violation of Art. I, Sec. 1, of the federal Constitution.

5. Resolved, That child laborers, including agricultural workers and children who work on family and other farms, are under the jurisdiction and protection of the Constitution and laws of the State wherein they are; that no power over them has been delegated to the United States, nor prohibited to the individual States. And it being true as a general principle, and one of the amendments to the Constitution having also declared, that “the powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people”; the rules of the federal Department of Labor set forth at 29 CFR Part 570, which assume powers not delegated by the federal Constitution over child laborers, including agricultural workers and children who work on family and other farms, is not “law”, but is altogether void, and of no force.

6. Resolved, That since children and their parents or employers are under the protection of the State Constitution and laws of the State where they are; in cases of any violations of the Laws of such State, they are entitled to have their cases handled by the duly convened Courts of such State. That transferring power of defining, prosecuting, and judging any such violations from the three branches of the State Governments to bureaucrats within one of the federal executive departments, is altogether unlawful and an intolerable usurpation of power.

7. Resolved, That the misconstructions long and unlawfully applied by the federal government to the so-called “taxing”, “general welfare”, “interstate commerce”, and “necessary and proper” clauses, to the effect that these clauses bestow unlimited powers on the federal government, goes to the destruction of all limits prescribed to their powers by the federal Constitution. That the true and genuine meaning of those clauses is as follows:

a) The “taxing” and “general welfare” clauses: Art. I, Sec. 8, cl.1, employs “general terms” which are “immediately” followed by the “enumeration of particular powers” which “explain and qualify”, by a “recital of particulars”, the general terms. It is “error” to focus on the “general expressions” and disregard “the specifications which ascertain and limit their import”; thus, to argue that the general expression provides “an unlimited power” is “an absurdity” (Federalist Paper No. 41, last 4 paras).

The federal Constitution declares that “the power of Congress…shall extend to certain enumerated cases. This specification of particulars…excludes all pretension to a general legislative authority, because an affirmative grant of special powers would be absurd, as well as useless, if a general authority was intended…” (Federalist No. 83, 7th para).

b) The “interstate commerce” clause: “Commerce” is the buying and selling of goods – only that and nothing more. Webster’s American Dictionary (1828) says “commerce” is:

an interchange or mutual change of goods, wares, productions, or property of any kind, between nations or individuals… by barter, or by purchase and sale; trade; traffick… inland commerce…is the trade in the exchange of commodities between citizens of the same nation or state.

Federalist No. 22 (4th para), Federalist No. 42 (9th &10th paras), Federalist No. 44 (at 2.), and Federalist No. 56 (5th & 6th paras), explain the two purposes of the “interstate commerce” clause: (1) to prohibit the States from imposing tolls and tariffs on articles of import and export – goods & commodities – merchandize – as they are transported through the States for purposes of buying and selling; and (2) to permit the federal government to impose duties on imports and exports, both inland and abroad.

 

Article I, Sec. 8, cl.1; Art. I, Sec. 9, cls. 5 & 6; and Art. I, Sec.10, cls. 2 & 3, of the federal Constitution give express effect to these two purposes of the “interstate commerce” clause.

c) The “necessary and proper” clause: This clause merely delegates to Congress the power to pass laws necessary and proper to execute its declared powers (Federalist No. 29, 4th para); a power to do something must be a power to pass all laws necessary and proper for the execution of that power (Federalist No. 33, 3rd para); “the constitutional operation of the intended government would be precisely the same if [this clause] were entirely obliterated as if [it] were repeated in every article” (No. 33, 2nd para); and thus the clause is “perfectly harmless”, a “tautology or redundancy” (No. 33, 3rd para). Madison writes to the same effect in (Federalist No. 44, at 1.).

The clause merely permits the execution of powers already delegated and enumerated in the federal Constitution. No additional substantive powers are granted by this clause.

That contrary to the misconstructions long and unlawfully applied by the federal government, the federal Constitution is one of enumerated powers only:

The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peace, negotiation, and foreign commerce; with which last the power of taxation will, for the most part, be connected. The powers reserved to the several States will extend to all the objects which, in the ordinary course of affairs, concern the lives, liberties, and properties of the people (Federalist No. 45, 9th para)

…the proposed government cannot be deemed a national one; since its jurisdiction extends to certain enumerated objects only, and leaves to the several States a residuary and inviolable sovereignity over all other objects….(Federalist No. 39, 3rd para from end)

…the general [federal] government is not to be charged with the whole power of making and administering laws. Its jurisdiction is limited to certain enumerated objects… (Federalist No. 14, 8th para)

…It merits particular attention … that the laws of the Confederacy [those made by Congress], as to the ENUMERATED and LEGITIMATE objects of its jurisdiction, will become the SUPREME LAW of the land…Thus the legislatures, courts, and magistrates, of the respective members [the States], will be incorporated into the operations of the national government AS FAR AS ITS JUST AND CONSTITUTIONAL AUTHORITY EXTENDS…[caps are Hamilton’s] (Federalist No. 27, last para).

That The Federalist Papers – and not the U.S. supreme Court – is the highest authority and evidence “of the general opinion of those who framed, and of those who accepted the Constitution of the US. on questions as to it’s genuine meaning”. The supreme Court is merely a creature of the Constitution and is completely subject to its terms; and when judges on that and lower federal courts – who serve during “good Behaviour” only (Art. III, Sec. 1, cl. 1) – usurp powers, they must be impeached and removed from office (Federalist No. 81, 8th para).

8. Resolved, That to take from the States all the powers of self-government and to transfer all powers to a general and consolidated national government, in defiance of the Constitution which was ordained and established by THE PEOPLE, is not for the peace, happiness or prosperity of THE PEOPLE.

Therefore this State is determined to refuse to submit to undelegated powers exercised over them by the federal government; and rejects altogether the notion that the federal government may exercise unlimited powers over them.

That in cases of an abuse of the delegated (enumerated) powers, the members of the federal government, being chosen by the people, a change by the people would be the constitutional remedy.

But, where powers are usurped which have not been delegated to the federal government – when the federal government acts outside of, and in defiance of, the federal Constitution by exercising powers not delegated to it by that Constitution; then a nullification of the unlawful act is the rightful remedy.

Thus every State has a natural right – which pre-dates & pre-exists the federal Constitution – to nullify of their own authority all such lawless assumptions of power within the boundaries of their State. That without this pre-existing natural and original right, they would be under the dominion, absolute and unlimited, of whoever in the federal government chooses to exercise tyrannical powers over them.

The States alone are The Parties to the compact; and thus are solely authorized to judge in the last resort of the powers exercised under it. Congress, the Executive Branch, and the Judicial Branch are not parties to the contract; but are merely the creatures of the compact (Federalist No. 33, 5th para). As mere creatures, they may exercise no powers other than those enumerated powers specifically delegated to them.

 

PART 2 of 2

 9. Resolved, That matters pertaining to “labor”, “employment”, “farms”, “children” and their employers or parents, are nowhere delegated to the federal government by the federal Constitution; but are among the countless multitudes of matters reserved to the States or THE PEOPLE.

Therefore, the federal Department of Labor is itself an unlawful department, and its mere existence an affront to the Constitution; and all of the powers it exercises are usurped powers as outside the scope of the powers delegated to the federal government by our Constitution.

That if the pretended “rules” of this spurious federal Department of Labor should stand, these conclusions would flow from them; that unelected bureaucrats within the Executive Branch of the federal government may force upon The States and THE PEOPLE their own ideas of what children and their employers or parents may and may not do; that they may place any act they think proper on a list of prohibited activities, that they will send out swarms of officers to trespass upon private farms and places of business, to harass employers, children and their parents; and then prosecute and punish violations of their pretended “rules” in their own pretended “administrative courts” with their own pretended “administrative judges.”

That the federal departments within the Executive Branch of the federal government have established a pattern of unlawfully functioning as legislators, when they write “agency rules”; as executives, when they investigate and prosecute violations of “agency rules”; and as judges and juries when they decide whether violations of their “agency rules” have occurred. Thus the Executive Branch unlawfully functions as legislator, accuser, judge & jury, in violation of the Constitution and of the Principles of Separation of Power and of Checks and Balances.

To this abomination is added the additional affront that the objects of these pretended “rules” are altogether outside the scope of the enumerated powers delegated to the federal government in our Constitution.

That in this way, those within the Executive Branch of the federal government are sweeping away all the barriers of our Constitution; and that no ramparts now remain between their unbridled and insatiable lust for power over THE PEOPLE except for the several States.

10. Resolved, That if the States do not now resist all such blatantly unlawful usurpations of power, THE PEOPLE of their States will be delivered into abject slavery subject to the unbridled control of whosoever occupies the office of President. Our Representatives in Congress have shirked their constitutional obligation to support the Constitution (Art. VI, cl. 3), by acquiescing in the blatant usurpations by the Executive Branch; and have failed in their duty to impeach and remove those within the Executive Branch who usurp powers (Federalist No. 66, 2nd para, and No. 77, last para). That the supreme Court long ago took the side of those who seek to exercise unlimited control over the States and THE PEOPLE; and that Congress has failed in their duty to impeach and remove federal judges who usurp powers (Federalist No. 81, 8th para).

That pursuant to Art. VI, cl. 3 of our federal Constitution, all State legislators, State Officers and State Judges take a solemn Oath to support our federal Constitution. Therefore, they are bound to protect THE PEOPLE of their States from the usurpations of the federal government whose clear object is the establishment of an absolute Tyranny over the States and the People.

That our Framers anticipated the dangers we now face and provided wise counsel for such a time as this. Federalist No. 28 (last 5 paras) states that when “the representatives of the people betray their constituents”, the people have no recourse but to exert “that original right of self-defense” [The Declaration of Independence, 2nd para], against “the usurpations of the national rulers” (5th para from end).

That in a Federation of States united under a federal government for only limited purposes,

…the people… are…the masters of their own fate. Power being almost always the rival of power, the general [federal] government will at all times stand ready to check the usurpations of the state governments, and these will have the same disposition towards the general government. The people, by throwing themselves into either scale, will infallibly make it preponderate. If their rights are invaded by either, they can make use of the other as the instrument of redress… (4th para from end)

Thus, THE STATE LEGISLATURES are the ultimate bulwark of The People and The Ultimate Human Protectors of our Constitutional Republic:

It may safely be received as an axiom in our political system, that the State governments will, in all possible contingencies, afford complete security against invasions of the public liberty by the national authority. Projects of usurpation cannot be masked under pretenses so likely to escape the penetration of select bodies of men, as of the people at large. The legislatures will have better means of information. They can discover the danger at a distance; and possessing all the organs of civil power, and the confidence of the people, they can at once adopt a regular plan of opposition, in which they can combine all the resources of the community. They can readily communicate with each other in the different States, and unite their common forces for the protection of their common liberty. (3rd para from end)

The last paragraph of Federalist No. 28 recognizes that when the federal government seeks

… a despotism over the great body of the people … [the people] are in a situation, through the medium of their State governments, to take measures for their own defense…

11. Resolved, That because men may not be trusted with power, the federal Constitution fixed the limits to which, and no further, the federal government may go. Would we be wise if we permit the federal government to destroy the limits the Constitution places upon its powers? Would we be wise if we permit unelected bureaucrats in the Executive Departments of the federal government to regulate every aspect of our lives?

That if those who administer the federal government be permitted to transgress the limits fixed by the federal Constitution, by disregarding the limits on its powers set forth therein, then annihilation of the State Governments, and the erection upon their ruins, of a general consolidated government, will be the inevitable consequence.

That the several States, being sovereign and independent, have the unquestionable right to judge of infractions to the federal Constitution; and that nullification by those sovereign States of all unauthorized acts of the federal government is the rightful remedy.

THEREFORE, this State, recurring to its natural rights in matters outside the scope of the powers delegated to the federal government, declares these acts void, and of no force, and will take measures of its own for providing that neither these acts, nor any others of the federal government not plainly and intentionally authorized by the Constitution, shalt be exercised within this State.

Notes:

1. The above is patterned on the relevant portions of The Kentucky Resolutions of 1798, written by Thomas Jefferson in response to the alien and sedition acts passed by Congress which purported to grant to the President tyrannical powers with respect to aliens & “seditious” words.

2. These proposed Resolutions focus on administrative “rules” made by a Department within the Executive Branch of the federal government. This Model may be easily adapted to address acts of Congress which are outside the scope of its enumerated powers;Executive Orders which are outside the scope of the President’s enumerated powers; and supreme Court opinions which exceed their enumerated powers and disregard the federal Constitution, such as their lawless rulings banning public expressions of the Faith of Our Fathers and misapplying Sec. 1 of the 14th Amendment in order to undermine the morals of the People and to destroy the residuary sovereignty of The States.

3. Several attorneys, historians, and others who claim special knowledge on this subject have asserted that States have no right to nullify anything the federal government does; that the States and The People must submit to the federal government no matter what it does; that only the federal government may question the federal government; that the federal government created by the Constitution is the exclusive and final judge of the extent of the powers delegated to it; and the opinion of five supreme Court judges, not the Constitution, is the sole measure of its powers.

Such people may not understand the distinction between abuses of delegated powers (e.g., unwise bankruptcy laws – Art. I, Sec. 8, cl. 4), for which election of better Representatives is the answer; and usurpations of powers which have not been delegated and are thus outside the lawful reach of the federal government (e.g., obamacare), for which nullification is the proper answer. When any branch of the federal government steps outside of the Constitution to make laws or “rules” or issue “opinions” which exceed their delegated powers; the States must resort to those original rights which pre-date & pre-exist Our Constitution to nullify such usurpations by the federal government of undelegated powers.

Such people also do not seem to understand our Founding Principles: Our Declaration of Independence says:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. – That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, – That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, … (2nd para)

In that one paragraph, we learn the five foundational principles of our Constitutional Republic:

 Our Rights are unalienable and come from God; 
 The purpose of civil government is to protect our God-given Rights; 
 Civil government gets its powers from THE PEOPLE; 
 Civil government is legitimate only when it stays within the powers WE delegated to it; and
 When civil government becomes destructive of the purposes for which WE created it, WE may throw it off.

The Constitution is the formal expression of our Consent for the federal government to exist; and it is our formal statement of which specific powers WE agreed to delegate to the three branches of that government. Look at the opening words:

WE THE PEOPLE … do ordain and establish this Constitution for the United States of America.

The federal government operates with our consent only when it restricts itself to the powers WE delegated to it – when it obeys the Constitution. When it exercises usurped powers which have not been delegated to it, it becomes illegitimate.

When the federal government loses its legitimacy – as it now has – it is the sworn duty of the States, pursuant to Art. VI, cl. 3, of our Constitution, to resist.

4. Others who claim special knowledge on this subject insist that a single State may not nullify any act of the federal government; that only a majority of the States acting in concert may do so.

But they overlook the nature of the laws protested in the Kentucky & Virginia Resolutions. Those Resolutions addressed laws made by Congress which purported to grant to the President certain dictatorial powers and jurisdiction over “aliens” and “seditious words”. The States have no means of stopping the President from enforcing such laws since the President has the raw power to send out armed thugs to arrest people by night; and then to prosecute, convict, & execute them in secret tribunals and chambers. The States may object – but they can’t stop it. The supreme Court may denounce it, but can’t stop it. Only Congress can put an end to it by impeaching & removing such a usurping President (Federalist No. 66, 2nd para & No. 77, last para).

But when Congress by means of a law (which is outside the scope of its delegated powers); or the President by means of an executive order (which is outside the scope of his delegated powers); or federal executive departments by means of administrative rules (which they are altogether prohibited by Art. I, Sec. 1 from making); or the supreme Court by means of opinions which contradict Our Constitution; purport to require THE STATES to do something, or stop doing something, then of course THE STATES – on an individual basis – have both the POWER and the DUTY (imposed by their Art. VI, cl. 3 Oaths of Office) to nullify such usurpatious acts within the boundaries of their States. The proper battle cry in such events is, “Not in my state!”

Do you see?

Publius Huldah is a retired attorney who now lives in Tennessee. Before getting a law degree, she got a degree in philosophy where she specialized in political philosophy and epistemology (theories of knowledge). She now writes extensively on the U.S. Constitution, using the Federalist Papers to prove its original meaning and intent. She also shows how federal judges and politicians have ignored Our Constitution and replaced it with their personal opinions and beliefs.

E-Mail: publiushuldah@gmail.com

 

NULLIFICATION

 

 

Liberal Ignorance and the Entitlement Mentality

March 12th, 2012 by

http://patriotupdate.com/articles/liberal-ignorance-and-the-entitlement-mentality

by David L. Goetsch

By promoting an entitlement mentality, liberals in Congress and the White House are sowing the seeds of America’s destruction.  Because of an ever-growing list of social programs, subsidies, and entitlements, more than half of all Americans now look to the government for at least a portion of their sustenance.  As a result, many American’s have come to view government as the solution to their problems rather than the cause of them.  The principles of limited government that undergirded Ronald Reagan’s Republican Revolution are being steadily undermined by the seductive allure of government handouts. This dangerously misguided trend promotes an entitlement mentality in a country that has long been known for its positive work ethic.  The entitlement mentality, in turn, encourages the growth of government and the cycle continues, creating a downward spiral toward disaster.

America became an economic superpower not by accident, chance, or luck but because it was established with a free-market economy and people who thrived in an environment of economic freedom.  These two pillars of America’s economic success—a free-market economy and economic freedom—hold the key for reversing America’s descent into insolvency.  The only contributions to an economic recovery needed from government are: 1) get out of the way, 2) get out of the pockets of Americans, and 3) stop over-regulating businesses and the lives of American citizens.  Sharp reductions in spending, taxation, and regulation will do for America’s economy what the government can never do: unleash the power of the free market, encourage entrepreneurship, and reinvigorate America’s work ethic.

After decades of prosperity, America’s economy is being undermined by a rapidly mutating government that devours initiative, drive, innovation, and the capital needed to seed an economic recovery.  Too many Americans have bought into the increasingly discredited philosophy of the left that the government is the answer to all problems.  No one exemplifies this misguided philosophy more than Maxine Waters, the Democrat Congresswoman from California.  During the height of the budget reduction debate in August and September 2011, Waters indulged in a flight of fantasy and proposed increasing government spending rather than cutting it.

What is ironic about the tax-and-spend philosophy of the left as exemplified by Maxine Waters and President Obama is that not only do they fail to understand economics they don’t even know their own history.  The worst tax-and-spend Democrat before Barack Obama was Lyndon Baines Johnson (LBJ).  But even LBJ knew that cutting taxes was the best way to stimulate a weak economy.  In his book, American Business, 1920-2000: How it Worked, Thomas McGraw wrote this about LBJ: “Johnson continued Kennedy’s efforts to use aggressive tax policies to stimulate the economy.  The Revenue Act of 1964 cut taxes by $11.6 billion–$9.2 billion for individuals and $2.4 billion for corporations.  In anticipation of more money flowing into the economy, businesses increased their inventory levels.  As personal incomes swelled, consumer spending increased, and by 1965, the U.S. gross national product had expanded by over 25 percent …During the same period, industrial production increased by 27 percent, and corporate profits grew by 64 percent.  The prosperity resulted in the unemployment rate’s dipping below 4 percent in 1966—a rate not seen since 1953.”

In spite of evidence like this that is readily available from the history of their own party, President Obama, Maxine Waters, and their fellow liberals continue to view the solution to America’s economic problems as spend, spend, and spend some more.  In spite of the demonstrated failure of the hugely expensive stimulus bills, Obama, Waters, and their colleagues on the left still propose that Congress stop shooting the American economy in the foot and start shooting it in the head.  All that this kind of thinking has brought America is an entitlement mentality that will make it increasingly difficult to do what is necessary to bring about an economic recovery.

EDUCATION

Game-over!

March 8th, 2012 by

 

NOTE:  Read the words from an immigrant, who came to America as a young man, made his fortune as a Mechanical Engineer, and is watching his "land of opportunity" crumble before his eyes …he knows the truth… and he cares about this nation more than most natural born citizens could ever do.  Learn from him….share this article.

Reporting.
R.E. Sutherland, M.Ed./sciences
Freelance Investigative Science Reporter   

becworks@gmail.com

Game-over!
Special! Not copyrighted, may be distributed

Dr. A. H. Krieg: 03.05.12

Let me start by clearly articulating that just like Andrew Breitbart, I am in excellent health, just 30 years older, and I don’t anticipate death at least for ten more years. But, then, of course, neither did Andrew. Strange things have been taking place in the last few months. Scientists disappearing, bankers, and I mean mega bank mangers have been quitting all over the world. Many columnists not toting the PC mantra are being forced from view, Pat Buchanan was fired from MSNBC, and judge Andrew Napolitano was fired from FOX, I have taken to carrying a gun everywhere. The political left was always vicious and without morals or scruples but this is getting perilous.
 

Leftist icons like SPLC are behind an orchestrated national movement, more exactly, a conspiracy, to silence opposition, demonize opponents and through the process of linkage, falsely accuse that someone is affiliated with a nationally accepted as evil racist organization. Everyone that the SPLC dislikes, for whatever grounds, will find the words and phrases; nazi, skinhead, White Supremacist, Aryan Nation, or other such attached to their bios, Wikipedia accounts, all over the Internet are under relentless attacks. Why does SPLC do that? Because they have very successfully suckered 600,000 American contributors and our government bureaucrats to give them money and allowing the SPLC officers, Morris Dees a salary of $297,509.00, Richard Cohen $ 274,838,00 and Joseph Levin $171,904.00 to become multi-millionaires.

They did give to the poor $ 837,907.00 of their over $ 216 + million purse.

Regardless lets take a closer look at what is happening to America.

For 100 years since the passage of the 16th and 17th amendments to the constitution, banksters and their congressional associates have been systematically debasing our money and looting the treasury. Additionally they have since 1913 caused one market depression after another enriching themselves and their politician cronies in the process. As a consequence, America is rapidly becoming a two-class society, as was the norm in the Middle Ages. Today the dollar in terms of 1913 value has been reduced by 98%. Because of Cultural Maxims and the fact that close to 80% of college professors are either communists or socialist and the lame stream media is 95% leftist, exposure of these events remains unreported. Education in which we were 4th in the world in 1970 before Jimmy Carters Department of Education, has succeeded in reducing us to number 34 in the world; this “Dumbing Down” has reduced the number of citizens even able to grasp the significance of these events to those over 65. Reported in my local “Fishwrap”, 45% of the American population is illiterate. This is the first reason that the middle class is disappearing.

The second reason also unreported and most likely unknown in Lame stream is a huge systemic statistical change in American business. This change which has been brought on by “Free Trade” and monumental over regulation of business by government, is destroying small and family owned businesses at alarming rates. More Americans are employees of large multinational corporations than ever before in our history, graphs indicate that this trend is accelerating exponentially. Employees are far less interested in liberty, freedom, and economic sovereignty than employers. If you don’t believe this is planned then you had better reconsider.

I want to pound this into your head. Its over! The Obama administration has done its job in one term, who gets elected in 2012 is irrelevant, the economic and finacial situation is beyond repair. Obama’s FRS bankster handlers have so far overextended our debt that it is simply impossible to repay it. I also want to make it perfectly clear that the Republicans are just as responsible because they acquiesced to Obama’s masters, and because “Greenspan” started it in the George W. Bush administration and Bernanke continued it under Obama. As I have been saying it is a “System” and I call it the “Republocrat System”, there-being only one political party, the Republocrats.

This has been a long and arduous process by which the Marxists succeeded in destroying the greatest nation ever conceived by man. In the last four years our freedoms, both economic as well as social have been totally destroyed. You might want to read the communist manifesto and its ten points, six having been enacted already three are halfway there and one is waiting in the wings. Besides financial freedom, as above, social freedom has also been destroyed. Our Constitution is so grossly violated by all three agencies of government Executive, Legislative and Judicial as to make the Constitution and Bill of Right irrelevant.

The passage of the American Patriot Act that was re-passed in 2011 stripped from all citizens the Habeas Corpus provision that previously forced the government to allow one to face our accuser in open court and has been part of English common law for 700 years, it is no longer applicable. The Bill of Rights has been stripped of the first, third, fourth, fifth, sixth, seventh, eighth, ninth and tenth amendments. They then in 2012 passed NDAA has removed the Posse Comitatus laws that were enacted in 1879 after the civil war and the abuses of reconstruction. The newly enacted laws allows the use of America’s military to be employed in the arrest and detention or murder of American Citizens, without a warrant, without a known accuser, without any evidence whatsoever simply on the words of a secret court, some bureaucrat, or the president. It further allows indefinite detention without trial, torture, and secret arrest.

Then in the week of March 1, 2012 congress struck again with passage of HR 347 (The Federal Restricted Buildings and Grounds Improvement act of 2011) this law makes it a federal crime, with imprisonment of at least one year for any “unauthorized” (You) person to remain or be in a building or the grounds of –where the Secret Service is present. No more of those pesky demonstrations at Republocrat conventions, or when the president gives another one of his endorsement speeches to the illegal AIPAC convention. And this just in, the executive (Obama) has ordered the IRS to hold up applications for Tea Party organizations to obtain 501 (c) (4) tax-exempt status. Some have been waiting for 12 months.

So we see by these acts that the elites have finally, after over 100 years succeeded and will now proceed at full speed, to the implementation of the New World Order that they have been promising us for the last five decades.

Remember Bushes thousand points of light? I can’t even recall how many of our forefathers clearly warned us about the banksters and how they were more dangerous to America than a standing army. Or how the price of freedom was eternal vigilance.

On the financial side, money is being created through the addition of zeros at the end of the operating financial statements of each of the twelve FRS banks. This is not just a crime it is a crime against the nation and every one of its citizens. They are through inflating the dollar, systematically looting the nations wealth and destroying the middle class in the process. Inflation will top 30% in 2013 and will be higher in 2013. Inflation for 2009 was 9.8% for 2010 10% for 2011 12.5% and will in 2012 reach way over 15%.

In just the last 3-½ year of the Obama administration, the banksters have debased the dollar by half. There simply is no way to walk this back and the  only way forward is massive inflation.

All of this administrations advisors, Czars, and cabinet members, are either Marxists, communists, or Fabian socialists and that includes the economists. People like the Grey Lady’s Paul Klugman et al. All this was accelerated in 1944 with the passage of the monitory Keynesian (Fabian) financial system as introduced by pervert Lord Keynes as the economic system based on fiat non backed paper money. Along the way Nixon helped by making the dollar not convertible to gold, and then in 2010 the FRS announced in March that they would no longer report the M-3 money supply, which ended our ability to gage the value of the dollar. The entire Austrian school of economics was opposed to the Bretton Woods conference, but Lord Keynes and his troop of homosexuals including US participants, communist Harry Dexter White, radical Zionist Morgenthau prevailed. Fiat money backed by nothing is now the rule of the day in every nation of the world.

Trade, in which America was world leader in exports after WWII has seen our star fall below the horizon. As of 2011 the United States has a trade deficit of $470,200,00,000. According to the CIA world Fact-book we have the distinction of being number 197 among listed nations, (last) the 25% deficit we had in the 60’s grew to 30% by 1972 and is today unknown (unreliable government statistics) but certainly over 40% of GDP. Even Paul Klugman should be able to understand that no nation can survive if it produces decade after decade of deficit trade numbers. (Importing more than we export) The $420.2 billion deficit must be added to the expanding to $17 trillion Obama deficit, oh well, what’s another half trillion? Our loss with just Mexico that was a $5.7 billion annual surplus 12 years ago has now with NAFTA grown to an accumulated total of over $ 800 billions, or about $64 billion per year.

There are three basic issues confronting us:

1) Monitory, financial 2) Social communal 3) Military expansionism.
 

Monitory & Financial

A simple change back to the gold standard would be nice, but its not going to happen. The ever-entrenched Ponzigoniff banksters control the entire world’s money supply and most of the hard assets. They are simply not going to; short of a violent revolution, allow nations to re-exercise their Constitutional National Rights over the issuance and control of the means of exchange or to take back the monies stolen from the people over that last 100 years. Besides that, reverting to gold standard will do nothing for our outstanding debt.

They will inflate the dollar until it is next to worthless and then re-pay outstanding debt with worthless fiat. Take note; all you Social Security, Medicare and Medicaid, T-bond, Savings bond and T-bill holders. America will at some point, in the not too distant future, be faced with the total collapse of our dollar. Individual citizens will become forced to revert to barter, or if they have it, hard asset (gold, silver, platinum, palladium, copper, etc as exchange means.

The situation is no better in the EU whose member states can boast deficits about parallel with ours. The problem is not national it is international. Due to this there is very little alternative for individual citizens. How you deal with this dilemma largely is dictated by where you live and what your planned lifestyle is to be. Remaining under the government radar would be a prime objective; the alternative is to be part of a movement of sufficient power to keep government at bay. A3P is such a growing movement. You must have an ample hard asset backing to survive at least for five years. I would include a one year supply of food and the mechanical ability to purify water.

Social & Communal
If anything, with the advent of PC (Cultural Marxism) as widely used in media, government and academia freedom of expression has become stilted. Socially America is in far worse a position than financially. Morals and ethics are considered anachronisms of the 19th century.

Today’s citizen does not even have a clear understanding of what honesty is. Our children in public schools have been shown unable to understand that cheating is wrong. Pornography is now one of the largest industries in America, so large in fact that the first legal act when we took over Iraq was to make pornography legal. I’m not kidding, pornography is a larger industry than GM and GE combined.

When I started in business in the 50’s there were almost no contracts, all sales and transfers of title were done on a handshake, none violated their word because doing so put you on a list ending your business career. Today led by government and Wall Street and largely influenced by Jews and shysters honest businessmen are laughed at as being stupid for not taking advantage of their fellow man. With the free trade inspired destruction of small and family business and massive inheritance taxes, all this is accelerating rapidly.

Military expansionism

The effort by the elites to create one world governance through the use of America’s military has been rapidly growing since the Bushes but has grown even faster under Obama. America has become Israel’s bitch in caring out not American foreign policy, but Israeli foreign policy. Senator toadies like McCain, Levin, Liberman, Feinstein, Boxer, Sanders, Schumer and all those other AIPAC puppets have ensured the prominence of Israeli interest above those of America and Americans. If this not be treason, then name another word for it!

Anyone daring to oppose this (Dr. Congressman Ron Paul) is demonized by the Zionist owned Lamestream media sparing no effort to intimidate, slander, or marginalize any possible opponent. These military efforts on behalf of a mini-state in the Middle East have created scores of enemies to America in a region in which before 1948 we did not have a single enemy. Military adventurism forced upon us by 47 congressional zionists and their friends, Chritian zionists (Hagee) are at the cusp of financially destroying this nation.

Our national problem is a totally corrupted system of government, which came into its own after passage of the 17th amendment that removed from the individual, states the power to select their senators. Allowing senators to be elected by popular vote simply increased the people’s voice at the expense of individual states. At the same time the 16th amendment provided the banksters power over our national finances, at the elimination of congressional power or oversight. Since 1913 no one and nothing has overseen what these crooks are doing to our finances. The Fed has never been audited by anyone or anything. The FRS is a private corporation as reported in the NY Times in September 23rd 1914.

For a more detailed discussion of these maters go to my site. www.a2zPublications.com

Or respond to me via secure e-mail at my off-shore site ahka30@noemailbox.net I also recommend reading: Money a primer; July 4th 2016 The Last Independence Day; Our Political Systems  And coming later this month: A3P’s book “Our Vision for America” which I coauthored with Merlin Miller the A3P candidate for president http://merlinmiller2012.com

 

TREASON

 

More on HR 347:G8 Moved So World Leaders Can Avoid Angry Proles

March 8th, 2012 by

 

http://personalliberty.com/2012/03/07/g8-moved-so-world-leaders-can-avoid-angry-proles/?eiid=
 

March 7, 2012 by Sam Rolley 
 

Conveniently, for world leaders who do not want to have to listen to the complaints of their people, the U.S. Congress recently passed HR 347, which is awaiting approval. The 1st Amendment-quashing bill will make a criminal any protesters who attempt to get near Camp David.

G8 Moved So World Leaders Can Avoid Angry Proles

Sensing the anger of the masses, world leaders fearing mass protests in Chicago during this spring’s G8 Summit have opted to avoid the proles altogether by moving the meeting to the Presidential compound at Camp David in Maryland.

Leaders from the United States, Russia, Canada, France, Germany, Italy, Japan, the U.K. and European Union had planned to meet in Chicago this May for the annual economic meeting. Protesters and demonstration groups, including Occupy Wall Street offshoots, were also orchestrating events to coincide with the meeting in the Windy City. But with barely two months until the event is slated to occur, the G-8 Summit is being moved to Camp David.

The White House issued the following statement on Monday:

In May, the United States looks forward to hosting the G-8 and NATO Summits. To facilitate a free-flowing discussion with our close G-8 partners, the President is inviting his fellow G-8 leaders to Camp David on May 18-19 for the G-8 Summit, which will address a broad range of economic, political and security issues. The President will then welcome NATO allies and partners to his hometown of Chicago for the NATO Summit on May 20-21, which will be the premier opportunity this year for the President to continue his efforts to strengthen NATO in order to ensure that the Atlantic Alliance remains the most successful alliance in history, while charting the way forward in Afghanistan.

 

Conveniently for world leaders who do not want to have to listen to the complaints of their people, the U.S. Congress recently passed HR 347, which is awaiting approval. The 1st Amendment-quashing bill will make a criminal any protesters who attempt to get near Camp David.

 

"Those who make peaceful revolution impossible
will make violent revolution inevitable."

   — John F. Kennedy (1917 – 1963)
In a speech at the White House, 1962

OLDDOGS COMMENTS

Congress, you have just crossed the line, you have burned any chance of redemption, and your names will go down in History as the most despicable son of a bitches in American politics. If there is any justice left in this country, you will be hung for treason, and your remains fed to pigs.

 

TREASON

 

 

 

 

 

Rothschild’s Want Iran’s Banks

March 7th, 2012 by

 

FACT:  the US Govt does not give a flying flip about nuclear weapons in Iran.  How do I know this?  Because under President Eisenhower's "Atoms for Peace" program, the US Govt allowed ALL NUCLEAR SECRETS to be shared by all nations via the universities.  And, many Iranians worked at the world famous South Carolina nuclear hydrogen bomb making facility called Savannah River Site…the Iranians know our entire facility and its processes, because we gave them the knowledge.

So…get over the disinformation on the news.  The banksters are planning to take down the independent Iranian banking system, because they intend to be global conquerors ….and the sovereign city-state called "Washington, DC" is the military wing of that endeavor….YOU ARE INCLUDED AS ONE OF THE BAD GUYS IN THIS ONE ….now, go think about yourself for awhile.                

Reporting.
R.E. Sutherland, M.Ed./sciences
Freelance Investigative Science Reporter   

 

Rothschilds Want Iran’s Banks

 

By Pete Papaherakles

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts.

Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war.

Islam forbids the charging of interest, a major problem for the Rothschild banking system. Until a few hundred years ago, charging interest was also forbidden in the Christian world and was even punishable by death. It was considered exploitation and enslavement.

Since the Rothschilds took over the Bank of England around 1815, they have been expanding their banking control over all the countries of the world. Their method has been to get a country’s corrupt politicians to accept massive loans, which they can never repay, and thus go into debt to the Rothschild banking powers. If a leader refuses to accept the loan, he is oftentimes either ousted or assassinated. And if that fails, invasions can follow, and a Rothschild usury-based bank is established.

The Rothschilds exert powerful influence over the world’s major news agencies. By repetition, the masses are duped into believing horror stories about evil villains.

The Rothschilds control the Bank of England, the Federal Reserve, the European Central Bank, the IMF, the World Bank and the Bank of International Settlements.

Also they own most of the gold in the world as well as the London Gold Exchange, which sets the price of gold every day. It is said the family owns over half the wealth of the planet—estimated by Credit Suisse to be $231 trillion—and is controlled by Evelyn Rothschild, the current head of the family.

Objective researchers contend that Iran is not being demonized because they are a nuclear threat, just as the Taliban, Iraq’s Saddam Hussein and Libya’s Muammar Qadaffi were not a threat.

What then is the real reason? Is it the trillions to be made in oil profits, or the trillions in war profits? Is it to bankrupt the U.S. economy, or is it to start World War III? Is it to destroy Israel’s enemies, or to destroy the Iranian central bank so that no one is left to defy Rothschild’s money racket?

It might be any one of those reasons or, worse—it might be all of them.

 

Totalitarianism

Despite Mitt Romney wins, both sides keep eying Jeb Bush

March 3rd, 2012 by

http://www.politico.com/news/stories/0212/73475_Page3.html#ixzz1o0K0QJML

 

CORRUPTION

OLDDOGS COMMENTS

No matter what you think, or what anyone say's, this man will bring all of the power of the BUSH Cartel right back to finish destroying the United States of America. If he manages to weasel his way to the nomination, pack up and get the hell out of America, because if he manages that, the dumb asses among us will be just as thrilled as the obama groupies were. The Bush family is the scum of the earth, with billions of our money in off-shore accounts, property in countries with no extradition, and the backing of the International Banking Cartel. WTF!

 

Bush has fanned the flames himself, possibly to whet his party’s appetite for a 2016 run. | AP Photo

By GLENN THRUSH and MAGGIE HABERMAN | 2/29/12 7:06 PM EST

Mitt Romney’s tortured triumph in Michigan put him back in the GOP driver’s seat — but that hasn’t quelled the desire among some Republicans to trade up.

Yes, Republicans are still pining for former Florida Gov. Jeb Bush despite his repeated and vehement refusal to be sucked into the 2012 Republican vortex.

And Democrats continue to cast a wary eye on a guy they see as more dangerous — and capable of connecting with middle-class and Latino voters — than Romney.

The Bush murmurs persist, even as a resilient Romney marches toward Super Tuesday with a commanding lead in cash, delegates and momentum over a sagging Rick Santorum.

“I have the perfect candidate — Jeb Bush. But he’s not running,” former George W. Bush chief of staff Andy Card told Charlie Rose on CBS on Wednesday, echoing the sentiments of many in his party.

“What Democrat would not worry about a popular leader from a critical state who sounds pretty moderate and can rescue the GOP from its anti-Latino death grip?” asked former Bill Clinton press secretary Mike McCurry, who said he’s yet to find a Democratic elder who thinks the GOP is truly “unhinged” enough to consider ditching Romney for Bush.

Bush — who has refused to endorse Romney in 2012 as he did in 2008 and whose son endorsed Jon Huntsman — has fanned the flames himself, possibly to whet his party’s appetite for a 2016 run. After keeping a low profile during the hotly contested Florida primary in January, he popped up last week at the height of the Romney-Santorum duel in Michigan to declare his problems with the GOP presidential field.

“I used to be a conservative and I watch these debates and I’m wondering, I don’t think I’ve changed but it’s a little troubling sometimes when people are appealing to people’s fears and emotion rather than trying to get them to look over the horizon for a broader perspective,” Bush told a gathering in Dallas last Thursday, according to FOX News.

“I think that changes when we get to the general election — I hope,” added Bush, who has personally urged Romney to moderate his rhetoric on illegal immigration for fear of completely alienating Hispanic voters in states like Florida, Nevada, Colorado, New Mexico and Arizona.

That got the attention of conservatives including Ann Coulter, who slammed him of prepping for a campaign, and Obama campaign officials who found his timing curious.

Ana Navarro, a Republican strategist and a friend of Bush, said she saw the former governor last Sunday and he laughed off any idea that he’ll jump in the game.

But even Navarro couldn’t resist indulging in a little starry-eyed speculation of what might have been.

“Why is he a fearful figure? You know, anybody who knows Jeb Bush and who’s heard Jeb Bush understands there’s a certain inspirational quality to him,” she said in an interview.

 “He is smart, he is scary smart, and he has got a national network of supporters that he could turn on with the flip of a switch. And nobody could hold Obama’s feet to the fire in the Latino community like Jeb Bush.”

That opinion has considerable bipartisan support. “Don’t buy the bulls—- about us not being worried about Jeb,” added a veteran Democratic operative. “He’s a tough matchup even if his last name is Bush.”

Bush has said repeatedly that he isn’t running and the people around him say he couldn’t pull it off at this late date even if he wanted to. (“If Jeb had any intention of competing for the Republican nomination, he would have been at it from day one,” Navarro said. “Jeb does not play games.”)

Karl Rove, another Bush fan, recently wrote a Wall Street Journal op-ed declaring the possibility of a brokered convention — a scenario that could theoretically result in a Bush candidacy — comparable to finding life on Pluto, although he didn’t rule out a contested convention where delegates shift their votes.

But Bush has said no to anyone who asked whether he’s interested, including his son George P. Bush.

Operatives in both parties say he’d be crazy to jump in now instead of waiting four years, when his Democratic opponent won’t have the benefits of incumbency.

But if 2012 has proven anything, it’s that logic isn’t always the most important thing. Republican operatives, speaking to POLITICO on condition of anonymity, talk about Bush in the glowing tones of a potential spouse who got away — and seems perfect in comparison to the person they stare at across their coffee every morning.

Likewise, Democrats have been gaming out the possibility of an Obama-Bush face-off, just as they have with other no-thanks Republicans, including Chris Christie and Mitch Daniels.

One third-party Democratic group was so concerned about Bush that it recently paid for a poll to gauge his performance in a head-to-head matchup against Obama, according to a Democrat briefed on the poll.

The survey revealed nothing that public polling hasn’t already covered — that Obama enjoys a substantial lead and that the Bush surname is still toxic.

That it was undertaken at all shows the extent of the concern over a possible Bush candidacy and, more important, a lingering uncertainty — even a touch of anxiety — in Democratic circles about Romney’s ability to make it over the finish line.

The Obama campaign loves watching Mitt Romney squirm in the spotlight — but they don’t want to see him so irretrievably damaged that it draws better candidates into the fray.

And while many inside the Obama campaign are itching to see the race resolved — so they can target Romney exclusively and hone their fighting skills — the prevailing sentiment is that the GOP infighting is a gift from the political gods.

 “On some level, I’d love to get this thing going,” said a senior party official, quickly adding, “I know that sounds crazy, but it would be nice to lock Romney in.”

Obama’s brain trust was rooting for a Santorum victory in Michigan and were disappointed that efforts by unions and local Democrats to coax party members into cross-registering to vote for Santorum fell short.

But they were pleased with the way the Michigan primary went down — Romney’s two-Cadillacs-and-just-right-trees speech to an empty football stadium, the embrace of the polarizing immigration crusader Gov. Jan Brewer in Arizona, the $4.2 million burn to win his home state.

And they have watched gleefully as Obama’s approval rating in the state has ballooned to 16 points in the latest Public Policy Polling survey — in part because of Romney’s opposition to the auto bailout.

“In 2008, the protracted primary allowed us to build our organization across the country and lay out an affirmative vision,” said Obama 2012 communications director Ben LaBolt.

“That’s not what the Republicans have done — they haven’t invested in organization and they’re leapfrogging to the right of each other on issues from Medicare to immigration,” he added. “Their primary has been an echo chamber where they have debated who is the most committed to tea party orthodoxy rather than laying out a plan to create jobs and restore economic security for the middle class, the issues most Americans are focused on.”

Romney, for his part, cast Tuesday’s 3-point win in Michigan as a narrow but important benchmark, another brick in the road to inevitability.

Despite a recent spate of good polls and encouraging economic data, Obama remains vulnerable, especially if Republicans get past their intraparty food fight to focus on the president’s inability to bring unemployment below 8 percent and a widely held belief that he pushed through health reform in lieu of working on the economy.

But Democrats, including those who sense Obama’s weakness, watched Romney’s speech Tuesday night with a sense of relief that Bush wasn’t the man at the podium.

“I think anybody who’s legitimate would make it a race with Obama at this point,” said a former adviser to Hillary Clinton in 2008. “If they did get someone who was reasonably grown-up now and — poof — we got a race. … And Jeb’s not just anybody, he’s got damned good skills, he can raise money and even people who hated his brother concede he’s the smartest Bush.”

 

CORRUPTION

 

 

The TSA Is Coming To a Highway Near You

March 2nd, 2012 by

 

http://www.forbes.com/sites/realspin/2012/02/29/the-tsa-is-coming-to-a-highway-near-you/

By Rep. Marsha Blackburn (R-TN)

One of the great honors of my service to Tennessee is having the opportunity to represent Ft. Campbell which is home to the storied 101st Airborne, the 5th Special Forces Group and the Army’s 160th Special Operations Aviation Regiment which piloted Navy SEAL Team Six during the raid on Osama Bin Laden.

Each soldier who calls Ft. Campbell home has gone through some of the most intensive training on the planet which pushed their minds and bodies to their physical limits. In the end, those who make the cut have earned the right to be part of our United States military, are honored to wear its uniform, and are serving on the frontlines in the fight against global terrorism.

Unfortunately, the same cannot be said for our nation’s Transportation Security Officers (TSO’s) who Department of Homeland Security Secretary Janet Napolitano contends are our nation’s last line of defense in fighting domestic terrorism. Unlike “hell week” which faces potential Navy SEALs, becoming a TSO requires a basic level of classroom and on the job training. In many cases this rigorous training is less severe than the requirements of becoming a security guard in most states.

Believe it or not, only 7 years ago, TSO’s went by a more deserving title, “airport security screeners.” At the time, their title and on the job appearance consisted of a white shirt and black pants. This was fitting because airport security screening is exactly what’s required of the position. However, this is no longer the case.

In the dead of night, the Transportation Security Administration (TSA) administratively reclassified airport security screeners as Transportation Security Officers. The TSA then moved to administratively upgrade TSO’s uniforms to resemble those of a federal law enforcement officer. They further completed the makeover with metal law enforcement badges. Not surprisingly, government bureaucrats at the TSA left out one crucial component during the artificial makeover – actual federal law enforcement training as is required of Federal Air Marshalls.

While TSO’s may have the appearance of a federal law enforcement officer they have neither the authority nor the power. If a passenger brings a loaded gun or an explosive device into an airport screening area there is nothing a TSO can do until the local police step in to save the day.

If TSO’s are truly our nation’s last line of defense in stopping an act of terrorism, then the TSA should immediately end the practice of placing hiring notices for available TSO positions on pizza boxes and at discount gas stations as theyhave done in our nation’s capital. Surely, this is not where our federal government is going to find our brightest and sharpest Americans committed to keeping our traveling public safe. I would contend that we can surely strive for a higher standard and may want to look first to our veterans returning home from the battlefield.

Interestingly enough, as TSA officials like to routinely point out, their agency’s acronym stands for Transportation Security Administration, not the Airport SecurityAdministration. This fact has extended the TSA’s reach has far beyond the confines of our nation’s airports. Many of my constituents discovered this first hand this past fall as those familiar blue uniforms and badges appeared on Tennessee highways. In October Tennessee became the first state to conduct a statewide Department of Homeland Security Visible Intermodal Prevention andResponse (VIPR) team operation which randomly inspected Tennessee truck drivers and cars.

VIPR teams which count TSO’s among their ranks, conduct searches and screenings at train stations, subways, ferry terminals and every other mass transit location around the country. In fact, as the Los Angeles Times has detailed, VIPR teams conducted 9,300 unannounced checkpoints and other search operations in the last year alone. The very thought of federal employees with zero law enforcement training roaming across our nation’s transportation infrastructure with the hope of randomly thwarting a domestic terrorist attack makes about as much sense as EPA Administrator Lisa Jackson’s Environmental Justice tour.

In order to help rein in the TSA I introduced H.R. 3608, the Stop TSA’s Reach in Policy Act aka the STRIP Act. This bill will simply overturn the TSA’s administrative decision by prohibiting any TSA employee who has not received federal law enforcement training from using the title “officer,” wearing a police like uniform or a metal police badge. At its most basic level the STRIP Act is about truth in advertising.

As TSO’s continue to expand their presence beyond our nation’s airports and onto our highways, every American citizen has the right to know that they are not dealing with actual federal law enforcement officers. Had one Virginia woman known this days before Thanksgiving she may have been able to escape being forcibly raped by a TSO who approached her in a parking lot in full uniform while flashing his badge.

Will the STRIP Act solve every problem facing the TSA? Absolutely not. The STRIP Act seeks to expand upon the work of my colleagues by chipping away at an unnoticed yet powerful overreach of our federal government. If Congress cannot swiftly overturn something as simple as this administrative decision there will be little hope that we can take steps to truly rein in the TSA on larger issues of concern.

Furthermore, if Congress fails to act do not be surprised if the TSA gives TSO’s another administrative makeover in the future. Only this time it won’t be a new uniform. It will be the power to make arrests as some TSO’s are already publicly calling for.

Congressman Blackburn is a Republican serving Tennessee’s 7th district. 


 

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POLICE STATE

 

WILL AMERICA SURVIVE?

February 29th, 2012 by

 

http://www.newswithviews.com/Walter/paul104.htm

 

By Paul Walter
February 29, 2012
NewsWithViews.com

[Note: This article appeared as a full page ad in the Grants Pass “Daily Courier” newspaper on Saturday, January 28, 2012]

WHY I LOVE AMERICA

I immigrated to the United States with my family when I was 15 years-old. I was in awe to find a country where you could be anything you wanted to be as long as you were honest, moral and hard-working. This wasn't possible in the communist country from which my parents and I had escaped. There, government control was from the cradle to the grave. They kept the people poor, and controlled, while the aristocrats and politicians (gov't.) were living high on the hog with big benefits and salaries. They policed our every move and restricted our God-given freedoms.

America was the light of the world and it gave hope to the oppressed.

Now, there are forces at work destroying our nation, and our individualism for the sake of the world's collectivism. I'm not just talking about Obama; he is a minute player in the grand scheme of this fast approaching New World Order. Our very culture is being threatened; our way of life; our liberties; and the legacy that we are leaving our children, and theirs, is one of indentured servitude to a government that has wildly swung from being representative by design to being dictatorial in practice.

For the past 20 years I have been accurately predicting and fighting against what is now right around the corner. Sadly, this year, 2012, could be the last for this great nation. However, I owe a lot to this country and I will stand by my beliefs and fight to save my beloved America.

Why am I so seemingly fanatic about trying to save our country? It's simple… I know better than to let it travel down the path of socialism to communism, and if you had lived under the yoke of communism as I did, you wouldn't want it either.

WHAT'S COMING?

Our country is teetering on a precipice about to fall completely away from the limited government upon which this country was founded, to being that of a truly communist country.

1. Starvation of Biblical proportions through contrived food shortages. 
2. Under the National Defense Authorization Act (NDAA), anyone who bucks the New World Order mentality of the government can be considered an enemy combatant.
3. Check points on the freeways to check your papers. We have already seen the start of this with the TSA check points – not just at airports but on buses, trains, and highways as well. 
4. Censorship of the news and internet. 
5. “Smart” meters will be placed on every home to control your utility consumption – including meters on wells. They have already begun installing “Smart” meters under the guise of “efficiency.” There is already a lot of information concerning these machines – not to mention lawsuits. Read Devvy Kidd’s column, “Update: My fight against the ‘smart’ meter.”
6. The federal government will further control our foods, natural medicines and vitamins. They will dictate what we can and cannot eat, drink, smoke, say, and do. Several health-food store owners in California already face jail time for the “crime” of selling safe, healthy life-promoting, raw unpasteurized milk.
7. Public schools will be used to indoctrinate your children into global citizenship as well as being used in the future as centers to reeducate the masses.
8. Government will encourage the public to spy on and report their neighbors for any “suspicious” behavior.
9. Those who have prepared for hard times will legally be considered hoarders. Recent legislation establishes guidelines for law enforcement to be sent in to confiscate their food.
10. Class and race warfare will be pushed in order to gain further control over the population.

The socialists in government are counting on the loyalty of the police and military to enforce these draconian and unconstitutional edicts. Stalin got the loyalty of his police and army. Hitler got it, too. A good example is Syrian dictator Bashar al-Assad's police are following his orders killing their own citizens to keep their dictator that signs their paycheck in power. A dictator can not be a dictator by himself, he has to have loyal followers. Will the “new” America get their support?

We hope these men and women who have sworn to protect us will see that by doing what is morally right, and standing with their fellow citizens, it will help ensure the future of our country.

HOW DID WE ARRIVE IN THIS MESS?

For most local and state elections there is only a 35-40% voter turnout. The majority of the public doesn't even bother to vote, taking freedom for granted. Good people become bad citizens when they don't vote.

Instead of doing research and selecting the best candidate most keep voting for who is the most charming, best looking and the smoothest talker, or who gets the most coverage by the biased mainstream media. We end up voting-in candidates who don’t know what it means to represent their constituents; instead they end up representing the special interests that paid for their media coverage!

 

As we all saw on the news recently, 100k Russian people stood out in sub-zero weather demanding honest elections. Here in America, where people are free, people tolerate injustice and keep repeatedly voting-in the same scoundrels.

Be it Republican or Democrat at the highest levels, it makes little difference because they no longer work for the good of the American people. Instead they've all sold out to Goldman-Sachs and the Military-Industrial-Pharmaceutical complex.

SOLUTIONS

1. Demand that our representatives hold true to their sworn oath of office, and uphold the Constitution.
2. Educate yourself on each candidate before voting for the most popular or best looking.
3. Get out and vote.
4. Hold all politicians accountable and get involved in public meetings.
5. Go to the web site www.newswithviews.comand sign-up for the free e-mail alerts.

This November’s election will go down in history as the most important our country has ever held and the hour is getting late. We only have a limited time to act, but I believe so much in this country and its people, that I know we can do it.

© 2012 Paul Walter – All Rights Reserved


Paul Walter escaped the slavery of communism at the age of 14 with his family in 1956 and immigrated to United States (legally) in 1959. He served 3 years in the U.S. Armed Forces, was honorably discharged and became a U.S. citizen in 1965. Owner of Walter Publishing & Research, Inc., he republished a 100 year old book titled:The Coming Battlethe true history of our national debt. The book is currently in its 5th printing.

E-mail walter18@earthlink.net

 

OLDDOGS COMMENTS

 UNEXPLAINABLE INEXCUSABLE

 

Keep this circulating until SOMETHING is DONE

UNEXPLAINABLE, INEXCUSABLE
I challenge you to read this and NOT have the will to pass it on to your 20+ No one has been able to explain to me why young men and women serve in the U.S. Military for 20 years, risking their lives protecting freedom, and only get 50% of their pay. While Politicians hold their political positions in the safe confines of the capital, protected by these same men and women, and receive full pay retirement after serving one term. It just does
not make any sense.
Monday on Fox news they learned that the staffers of Congress family members are exempt from having to pay back student loans. This will get national attention if other news networks will broadcast it. When you add this to the below, just where will all of it stop?
 
35 States file lawsuit against the Federal Government
 
Governors of 35 states have filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 (of the 50) States to convene a Constitutional Convention.
 
 
This will take less than thirty seconds to read. If you agree, please pass it on.
 
This is an idea that we should address.
 
For too long we have been too complacent about the workings of Congress.
Many citizens had no idea that members of Congress could retire with the same pay after only one term, that they specifically exempted themselves from many of the laws they have passed (such as being exempt from any fear of prosecution for sexual harassment) while ordinary citizens must live under those laws. The latest is to exempt themselves from the Healthcare Reform… in all of its forms. Somehow, that doesn't seem logical. We do not have an elite that is above the law. I truly don't care if they are Democrat, Republican, Independent or whatever.. The self-serving must stop.
 
 
If each person that receives this will forward it on to 20 people, in three days, most people in The United States of America will have the message.. This is one proposal that really should be passed around.
 
 
 Proposed 28th Amendment to the United States Constitution: "Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States ." >
 
 You are one of my 20+

 

 "If you choose not to decide ~ you still have made a choice"

Totalitarianism

 

 

Federal Reserve is a Cache of Stolen Assets

February 28th, 2012 by

 

http://www.batr.org/totalitariancollectivism/100911.html

As long as the private banksters create money from nothing, i.e. legalized counterfeiting, and hide behind the shield of corporation personhood, LLC liability exemption and government guaranteed loans, expropriating from THE PEOPLE and again passing their liabilities on the taxpayers, the ordinary family will continue to be reduced to perpetual and permanent poverty.

http://www.batr.org/totalitariancollectivism/100911.html

Totalitarian Collectivism

Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile… Once a nation parts with control of its credit, it matters not who makes the nation’s laws… Usury once in control will wreck any nation.

William Lyon Mackenzie King

Federal Reserve is a Cache of Stolen Assets

The American Revolution, in no small part, was a repudiation of the central banking tyranny exported to the New World by the Bank of England. Few legacies have grown more despotic than the consequences of living under the rule of fractional reserve banking. Many good willed conservatives understand that the system is imploding. Some envision a second American Revolution that expels the remnant Tories that have hijacked our Federalism separation of powers form of government. Woefully, the prospects for a States Rights revolt are slim. However, the scenario of a domestic French Revolution style carnage is brewing with every escalation of the pompous arrogance worthy of a Jean-Joseph, marquis de Laborde or the manipulative usury of the House of Rothschild.

The eruption of populist outrage is long overdue. The lack of objective mainstream media coverage is expected. Their attempt to spin the natural disguise for a corrupt establishment in the hearts of sincere and persecuted citizens is typical. The elite’s message is that they will either control the movement, or at the very least, strip it from any positive synergism. Send in the clowns, like Michael Moore. Wall Street Capitalism: A Love Affair explains the hideous agenda of the clueless socialists that condemn all things Wall Street, while advancing the ultimate goals of the New World Order globalists.

Street theater no longer is enough. The peasants are rallying their pitchforks, as they storm the Bastille; however, they got their GPS coordinates wrong. The correct address is 33 Liberty Street, New York, NY. That is the location of the dominate Federal Reserve temple. When the public finally comes to grips with the real cause of the unsustainable debt, they will understand that the private central banking system bears the ultimate redress for their sins against America and all humanity.

A Privatised Money Supply, presents an informative analysis.

Assuming a reserve ratio of 1:10 [i.e. all commercial banks must have the reserve ratio on deposit at the private central bank, the mother of all banks] the table below shows how $100 of private central bank created money (GCM), i.e. cash, is used by the rest of the private banking system to create $900 of interest-bearing bank-created money (BCM) in the form of loans. The reserve ratio is the ratio of cash reserves (GCM) to deposits (mostly BCM). In our example the banking system consists of 50 banks, but the money creation process would be essentially the same for any number of banks from one to infinity.

Modern accounting uses double entry book keeping where liabilities and assets are kept exactly equal. A bank’s liabilities are its deposits. Its assets are its loans (including government bonds which are loans to government of money created from nothing by both the private central banksters and the private commercial banksters) and its cash reserves. Here is how the banking system creates money. In column 1 $100 of cash is deposited in Bank 1. Bank 1 creates a $90 loan in the form of a deposit as shown in column 2. This deposit is pure BCM and, because it must be paid back with interest, is an asset. With a reserve ratio of 1:10 the bank puts aside $10 in cash (column 3) to meet cash demands from the person who deposited the $100. The remaining $90 in cash covers the $90 loan. The borrower proceeds to write cheques on his $90 deposit and these cheques get deposited in Bank 2. For these cheques Bank 2 demands and gets cash from Bank 1 until eventually all $90 ends up in Bank 2. (Naturally in real life more than two banks are involved. Thus the transactions are not so simple and orderly as they must be here for explanatory purposes, but everything comes out in the wash to give exactly the same result.) However the original $100 deposit still stands to the credit of the depositor (a liability for Bank 1) even though $90 of it has moved on to Bank 2. And the $90 loan Bank 1 created when it first received the original $100 deposit also stands (an asset for Bank 1). Banks 2, 3, 4, etc. then repeat this process eventually creating $900 of BCM in the form of loans (as shown in column 2) and dispersing the original $100 as cash reserves throughout the banking system (as shown in column 3).

Note that $900 of the $1000 of deposits in column 1 is BCM, i.e. credit created by the banks in the form of loans. (Banks make loans by "depositing money" in your account which you must pay back with interest. Thus they are loan/deposits.) Only the original $100 cash deposit is GCM. One other point. As a loan/deposit gets spent, a deposit in some other bank grows in inverse proportion. Thus the banks have increased the money supply by $900 and not by $1800. That would be double counting. The important points, however, are as follows: this ingenious system is called fractional reserve banking; it creates debt for the sole purpose of enriching the banking class; it is a subtle form of theft; historically it was condemned as a form of usury.

 

 

Column 1

 

Column 2

 

Column 3

 

LIABILITIES

 

ASSETS

 

ASSETS

 

Deposits (90% BCM)

Loan/Deposits (100% BCM)

 

+

Cash Reserves (100% GCM)

Bank 1

Bank 2

Bank 3
     .
     .
     .

Bank 49

Bank 50

Totals

$100.00
  90.00
  81.00
.
.

0.64

0.57

$994.85             

 

$90.00
  81.00
  72.90
.
.

0.57

0.52

$895.36             

 

$10.00
  9.00
  8.10
.
.

0.6

0.6

$99.43             

Max Amount

$1000.00             

=

$900.00          

+

$100.00            

 

This method of theft operates as the normal course of business. What the banksters do with the money they obtain from debt created money is even more repulsive. All the financial speculative instruments of leveraged trading just compound the heist. So what do these outlaws do with all the money?

The end net result is that they buy, especially at rock bottom prices, all the real assets that the filthy money can purchase. When you think of Wall Street greed, go beyond the usual suspects and focus on the controllers of the assets that are under the hegemony of the central bank. Here lies the reason why the rebellion must remove the engine of enslavement from the landscape for any future financial system of commerce.

Think about who really owns the land, the buildings and the resources in our country. In order to really understand the scope and extent of the economy, the differential between actual Main Street enterprise, that feeds, clothes and shelters the population, is minuscule when compared to the financial assets, both liquid and real property, that is under the command and control of the central bank.

Most individuals do not own property encumbrance free. Most debt is owed to the banksters. The middle class is in a tailspin because the Fed has a zero interest rate policy that effectively diminished your return on capital of your savings to nothing. The same is not true for the banks. The fact that they have in excess of a 2 Trillion Dollars cash hoard on their balance sheets and refuse to lend out money to the general public, demonstrates that the inside money is waiting to pick up even more real assets, when the signal comes for the total collapse.

TARP, QE2 and the Twist are all ploys to enrich the selective banks that are part of the orthodox Fed fraternity. Technically all federal charted banks have an ownership interest in the Fed. Who among us are so naive to think that every bank is equal to the sacredly held corporate interlocking directorates that make and direct monetary policy?

Only when the middle class takes to the streets with a spontaneous civil disobedience commitment that dwarfs the Tea Party movement, will the central banking tyranny be eliminated. All the fraudulent debt that funded the asset acquisitions of crooks must be clawed back. As long as the banksters hide behind the shield of corporation personhood, LLC liability exemption and government guaranteed loans, the ordinary family will continue to be reduced to perpetual and permanent poverty.

What kind of revolution is coming to America? The lesson of the French élan of bloodletting to remove an aristocratic class is not pretty. However, a national discussion needs to concentrate on:

1) Methods of eliminating the Federal Reserve fraud and restoring an honest money system for commerce

2) Repudiation of the corporatist "Free Trade" global business model and a return to a merchant class free enterprise independent domestic economy

3) Confiscation of assets and wealth acquired through illegal systematic RICO style schemes that demand treble damages from their ill-gotten gain

Americans deserve property right protections from the criminal extortion and the cold-blooded offenses that the banksters used, to steal the national wealth. The expanding protest must result in a true restoration of a traditional upwardly mobile society, not an expanded nanny state. The suffocating debt and the profane system that spawned it must end. The term "Citizen" does not apply to elitist plutocrats. If Americans want to stave off a 21st century version, of the Committee of Public Safety, get behind the "Revolt against the Fed". Tear down the House of Rothschild. This is one time the concept of "Reparations" has standing in a legitimate court of law.

OLDDOGS COMMENTS

Just between you, me, and the outhouse, when you consider that there are very few honest judges left in America, and in particular I am referring to the Georgia judge who refused to indict Obama for contempt of court. Also, the fact that the Bankers now own our National and most State Governments, and our Military, I see very little possibility of anything less than an outright rebellion making any progress in stopping the Bankers. Now couple this with the fact that at least half of our citizens actually support fractional reserve banking. So, along with being at war with the governments of the United States, we would also be in a civil war. Conclusion: We who demand honest currency for a better life, will have to be willing to die to obtain it for our posterity. Our young brain washed soldiers have no problem with a willingness to die in intentionally provoked wars, what would it take for we who are aware to be willing to die?

 

CORRUPT BANKING

 

 

Will The Real Economic Hit Men Please Stand Up?

February 25th, 2012 by

 

http://www.scoop.co.nz/stories/HL0503/S00090.htm

Distribution via the Unanswered Questions Wire 
http://www.unansweredquestions.org/ .

                                                                                 

                                                                                

GOVERNMENT CORRUPTIONWill The Real Economic Hit Men

Please Stand Up?

Meditations on 9/11 Truth
by Catherine Austin Fitts 
(c) From The Wilderness Publications
See also… Solari Teleseminars
http://www.solari.com/outreach/telesem/

 

[ INTRODUCTION FROM FTW EDITOR MIKE RUPPERT: Many people have asked me what I thought about the recently popularized book Confessions of an Economic Hit Man and I have held my tongue because I just didn't have time to do the brilliant deconstruction of the book's "limited hangout" approach performed here by Catherine Austin Fitts. In this article the former Assistant Secretary of Housing and past managing director of Dillon Read brings us face to face with the horrors for which we all share a measure of responsibility. Those who would have us work through and affirm the current system don't want these horrors to be seen, because any recognition of them leads on to other realities that are darker still. Fitts also makes clear the point that I was making in Seattle which has been so widely misrepresented.

There are no real avenues left for 911 activism in the traditional sense of the word. The election is over. All three 9/11 suits (Hilton, Mariani and the Saudi case) have been dismissed or morphed as I said they would be. Congress has shown and will show no courage. The 9/11 Commission (totally compromised) has closed its doors. The Justice Department (part of the 9/11 plot) will do nothing. The courts are compromised and the mainstream media (also part of the crime) has moved on. NY Attorney General Elliot Spitzer has yet to do anything with the 9/11 material he has received, remaining quiet in order to protect his bid for the NY state house.

But there are new channels of real accountability that can change the world, if 911 activists can persuade activist communities to understand the realities of economic warfare and to begin to promote marketplace strategies. Real headway can be made if we withdraw our deposits, purchases, investments and attention from media, banks, companies and investors complicit in 911 and war profiteering and cover up. These marketplace strategies can dovetail with other innovative tactics, building financial constituencies to support the rule of law. What would Elliot Spitzer do if millions of New Yorkers threatened to withdraw all of their money from the large New York Federal Reserve banks unless he moved forward with an investigation? What would happen if hundreds of thousands of New Yorkers cancelled their subscriptions to the New York Times in protest over the lies of 911?

There is still a great deal to learn from 9/11 that can proactively help individuals to read the real map of the world and make a difference in their own lives. This involves a fundamental change of approach: the old, futile course of action asks citizens to go hat in hand to government and corporate interests to make them change (an impossibility), while the new approach says that if the citizens themselves change enough within, that change can shift markets while there is still time to make some difference in the outcome for individual lives. In other words, one approach tries to convince us that the right path is to get someone else (with no interest in doing so) to save us and the other says that we must accept the responsibility for saving ourselves and gather and exercise the real power we have and have not yet used.

Which makes more sense to you? – MCR]

*************

Economic Hit Men

A "limited hangout" is a partial confession, a mea culpa, if you will, that leaves the essence of a crime or covert reality hidden. Because it includes some small part of the truth, the limited hangout is irresistibly attractive to dissidents and political critics whose thirst for such truth makes them jump at the dangled scraps. Once the system's watchdogs are busy chewing on the limited hangout, the guilty players can go about their illegal business for a new round of unaccountable, semi-secret mayhem.[1]

If you want to see an excellent limited hang out at work, pick up a copy of the John Perkins' bestselling Confessions of an Economic Hit Man. In his limited hangout confession, Perkins describes his career from 1971 to 1981 as a highly paid professional who helped defraud Third World countries by helping syndicates make uneconomic loans as a means to facilitate the eventual takeover of those economies by elite and corporate interests.

Greg Palast, Anne Williamson and other first-rate investigative journalists have brilliantly documented instances of such economic warfare against sovereign governments and national economies – where nations are taken over with their own money, in much the same way as a corporate raider takes over a company through leveraged buy-out. I have documented a similar process in US communities and mortgage markets. In writing about this process, I use the concept of an "economic tapeworm" to explain the negative return on investment financial system that operates globally and relies on economic and military warfare to finance and subsidize itself.[2]

The phenomenon that Perkins writes about is well known. But his personal "how to" account of an economic hit pertains to an apparently cold case, far in the financial past. While this story is very instructive for those who have not yet dealt with professional fraudsters or been targeted by economic warfare [3] (whether in the Third World or in the First World nations) it is even more instructive for its omissions – and for its timing as an apologia intended, we are led to believe, somehow to assuage guilt for harm done: it relates to events occurring twenty-five or thirty years ago, involving players who are, for the most part, dead or retired from the business of economic warfare and companies that have morphed into later incarnations.

In the process of providing a colorful account of a 1970s whodunit (complete with low tech strategies devoid of the dazzling technology toolkit that is now an essential part of the economic hit man's weaponry of economic warfare), Perkins delivers to readers the "big lie": he reveals the secret that there is no greater conspiracy. This is simply globalization run amok, he would have us believe. Somehow, this particular conspiracy theory seems charmingly credible as part of a "confession." Perkins admits to what is known and then uses the credibility created by his "limited hangout" to further obscure the reality of who's who in the real governance of global investment and risk management. We are to presume that the investment networks in and around the Harvard Corporation, the City of London, the Vatican and investment managers and bankers for the proceeds of transnational organized crime are simply good-hearted fellows who let things get out of hand.

Nowhere does Perkins introduce the notion that cartels in a "New World Order" (the phrase coined and promoted by George H. W. Bush) use covert manipulation of the global financial system to centralize and concentrate economic and political power. Assassinations by "jackals" aside, Perkins barely hints that for fifty years the US military-industrial complex has been developing and testing powerful black budget technology, satellite and other invisible weaponry and surveillance technology and insider-trading tools behind the veil of national security secrets. Indeed, it was the need for a means of financing black budget operations and weaponry outside the view and control of Congress and the appropriations process – rather than the mere pursuit of corporate profits – that provided the political air cover for Perkins to do what he did as his covert counterparts marketed drugs in American and Third World communities alike.

It's an old rule of economics. Sources and uses need to be in one integrated financial statement to understand an enterprise. In Perkins' world, we are never quite clear who got what cash and in what amounts when all was said and done. Which means someone gets to keep the money and remain socially acceptable – and we remain clueless as to who was really running things two decades ago.

*************

Economic Warfare in the 21st Century

The power of Perkins' book as a limited hangout can be understood by observing the sales, support and kudos in mainstream media it has achieved while the leading books on 9/11[4] , arguably the most significant economic hit in US history,[5] have had a much harder time garnering attention. The message seems to be that economic warfare is something that the corporate mainstream will acknowledge, but only so long as it is low tech, long ago, and far away.

Understanding and facing the economic warfare responsible for slowly poisoning us and our families and wiping out our retirement savings is a complex and very scary undertaking in comparison to Perkins' concerned confessions. Perhaps we prefer to disassociate from our present circumstances, live in a perpetual state of cognitive dissonance, and focus on the study of yesteryear.

Complex and scary as it may seem, the growing body of evidence makes a compelling case that officials of the US government, its contractors and the military abetted the 9/11 attacks. With the help and complicity of the US Congress and corporate media, they are engaged in the most profitable war and enforcement profiteering in history. This is a terrifying picture to contemplate.

Look how tough it has been for New Yorkers, the constituency most adversely affected by the 9/11 tragedy. A recent Zogby poll indicates that 49.3 percent of residents of New York City hold the opinion that officials "knew in advance that attacks were planned on or around September 11, 2001, and that they consciously failed to act." Yet, despite this widespread conviction and the mounting evidence that sustains it, no serious support has developed for the November 2004 citizens' complaint requesting that Elliot Spitzer, the Attorney General of New York, finally open a criminal investigation into the tragedy.

Although fifteen NYC legislators have also called for such an inquiry, there has as yet been no effort locally to hold the New York Senate and Congressional delegations accountable for failing to hold the executive branch responsible for its failure to perform, or for its potential complicity. While the New York firemen booing Hillary Clinton off the stage at the 911 Concert was a start, the sentiment expressed has not translated into political action or market action. How many New Yorkers have cut off their subscriptions to, ads in or investments in the stock of the New York Times when the Times helped to facilitate the 9/11 cover-up by failing to ask probative questions or hold officials accountable?

The problem the average New Yorker has is the same that we all face – our complicity is deep. We have an entire economy and culture financially dependent upon too many things that harm people and the environment. This is not new. Only the possibility that the war machine is blowing up thousands of middle class Americans in American office buildings in broad daylight is new.

The fact that the Bushes and the Clintons are on the same team – and have been since their alleged Iran-Contra partnership in an airport operation in Mena, Arkansas involving the transshipment of cocaine destined for the streets of America – is not something that most Americans have yet incorporated into our political equation.

The fact that current financial and commodity markets "clear" not through the operation of changes in price generated by the legitimate free market expression of supply and demand but rather by blowing up American office buildings and the people and legal documents in them is not something that most Americans saving for retirement or financing a home have incorporated as risks in developing an investment strategy.

We cannot fathom that economic warfare is now conducted using high tech software weaponry to silently invade the privacy of our banking and purchasing relationships, our comings and goings, and the details of our work and home lives. Nor have we incorporated this realization into our decisions about who we share our lives with and what we say and do behind closed doors.

The illumination of the truth of 9/11, however, could change most Americans' paradigms and transactions in powerful ways. It could certainly fuel an increase in demand for precious metals, alternative energy and local self-sufficiency.

***************

The Strong Dollar Policy

In the mid-1990s, the Clinton Administration, led by an economic team comprised of Robert Rubin, Lawrence Summers and Franklin Raines, instituted something called the "strong dollar policy." This policy was maintained by the Bush Administration, which held over in the first term many of the key players in policymaking positions, including George Tenet, Jerry Hawke (Comptroller of the Currency 1998 – 2004) and Charles Rossotti (45th Commissioner of the IRS).

The smoothness of the transition between administrations ostensibly led by political parties in opposition to each other belies the ruse and underscores the strategic nature of the centralization of economic and politic power under way.

While the game of trying to figure out what in the world the strong dollar policy really is has gotten increasingly Orwellian,[6] the basics are pretty simple. We have kept the dollar's value high relative to other currencies – and far above what fundamental economics would warrant – by asking the consumer and taxpayer to shoulder extraordinary and rising levels of debt financed by increasing amounts of dirty money. This has enabled elites to move off shore and into private hands virtually all the real financial equity in the country. The US is not alone in experiencing "disappearing equity" – it is part of a global equity-centralizing and asset-control process.

The strong dollar policy was characterized by a series of financial and market manipulations:

Four Secretaries of the Treasury refused to produce audited financial statements and reported a total of $4 trillion in "undocumentable adjustments";[7]

The Clinton and Bush Administrations rejected policies that would build American productivity and employment[8] in the face of the plan to move employment abroad while permitting the growth of debt and immigration quotas at home;

The Clinton and Bush Administrations promoted federal credit policies that turned American homes into ATM machines and led to a mortgage market characterized by increasing levels of fraud;

The Clinton and Bush Administrations in concert with the central banks (most notably the Federal Reserve) and bullion banks (including JP Morgan-Chase, Citibank and Goldman Sachs) manipulated the gold and silver markets to suppress the price of precious metals while large inventories were moved out of governments and central bank accounts worldwide and into private hands;

US pension funds and 401k and IRA retirement savings accounts lost value by waves of accounting and other financial frauds at widely held corporations (such as Enron, Worldcom and Tyco);

US Congress and regulatory agencies like the Securities and Exchange Commission adopted corporate controls, ostensibly to protect investors from further acts of corporate fraud, that operate as a subtle form of capital control, limiting the ability of entrepreneurs on Main Street to raise capital in financial markets;

Military force was used to ensure that global investors would continue to purchase US Treasury and mortgage agency securities and the US dollar would prevail as the currency of international choice;

The federal budget, federal credit, and federal contracting were operated to favor corporate profit making at the cost of small business and labor productivity;

US Treasury and Federal Reserve market intervention was used to ensure low cost of capital for favored global corporations; and,

The types and amounts of outstanding financial derivatives exploded, far beyond the ability of most public and private leaders to understand or explain.

No one has made a count of the deaths that resulted worldwide from these various financial manipulations. The death toll from the pincer movement of military warfare and economic warfare is far greater than is generally understood.

**************

9/11: Strong Dollar Policy Steroids?

While floating the global dollar economy on a sea of debt and easy money worked well for the economic hit men and women through the end of the 1990s, by the summer of 2001 the game seemed to have run its course. Defense appropriations had stalled that summer. Members of the media were asking questions about $3.3 trillion missing from HUD and DOD. Shortly before 9/11, Donald Rumsfeld admitted that DOD could not account for trillions of taxpayer dollars. On September 9, 2001, From the Wilderness issued an economic alert warning that the global financial system ran the risk of meltdown.[9]

With the events of 9/11, however, the US government was able to garner support for the extraordinary financial market interventions necessary to continue the strong dollar policy and for keeping the lid on the various financial frauds and manipulations. America and the global financial system have stayed afloat for another three years.

The answer to the question Cui Bono? ("Who benefits?") from the strong dollar policy suggests that allegations that members of the Bush Administration fully expected, welcomed and even facilitated 9/11 should be taken seriously. Trillions of dollars have been moved out of the US economy under the umbrella of the strong dollar policy – much of it in what appear to be criminal ways. The 9/11 tragedy conveniently necessitated a sudden, centralized control over government and theretofore private activities in the name of protecting national security interests and addressing the threat of terrorism. 9/11 diverted attention from and shut the door behind that money movement. It ushered in a wave of legislation rushed through Congress that would make it much more difficult for the American people to do anything about it. The events of 9/11 have acted as a "lock-down" on a financial coup d'état at the core of the "strong dollar policy."

In the Machiavellian tradition, it turns out that the "strong dollar policy" is a policy that intentionally destroys the value of the dollar.

**************

Justifying the End of Markets and Democracy

Traditionally, the faith of the US working class in democracy has been one of the most powerful supports for democracy worldwide. It is not enough to bankrupt the American middle class and the American government. The current effort to move to more centrally controlled governance also requires removing this faith that underpins support for global democracy. Part and parcel of doing so is establishing popular support for the notion that the economic supports for democracy – sound money, open and transparent markets and government, and access to equity – are somehow bad.

An example of this is Marjorie Kelly's The Divine Right of Capital, which neglects to integrate the covert revenue streams into the equation and instead attempts to explain problems and resolutions in terms of overt cash flows only. According to Kelly, the editor of Business Ethics magazine, free markets, not organized crime and black budgets, are the problem. Hence, the problem is that shareholders want to make money, not that insiders rip off small investors of their savings and retirement investments using criminal means, protected, not obstructed, by governmental intervention. Kelly's bio mentions her speaking engagements at Harvard, without concern for Harvard's leadership in Enron, Harken, the rape of Russia, HUD corruption and other criminal frauds.

In the latest escalation of the Orwellian nightmare, we have entire networks of good-hearted progressives and socially responsible investors promoting a framework of "problems-solutions" that provides the perfect intellectual camouflage for their opponents' control over national and international resources. Now that the so-called "New World Order" has stolen all of the money, those who are most appalled at this state of affairs unwittingly promote policies that will prevent the ordinary person from communicating with integrity or creating and accumulating wealth. Even worse, they crave the credibility conferred by the foundation, church and university investment syndicates most richly rewarded by economic and military warfare. Their behavior and the policies they promote — if allowed to triumph –will ensure our descent into a 21st century war economy.

Lest these words give offense, I would encourage you to read one of the most important and brilliant economic articles of 2004, "Shilling for a New World Order" by Anne Williamson.[10]Understanding Mr. Shiller and the folks who finance and promote his effort tells us much about who profits from fascism. Shiller provides the philosophical prerequisites for ending democracy and markets for good and ensuring that no one can rise other than through serving the war economy.

Getting to the truth of 9/11 offers an opportunity to ask and answer the unanswered questions of who is running our world, and to illuminate how the covert cash flows really work. Only with such a powerful understanding can we appreciate the intellectual poison in Shiller's proposals and find real solutions effective in decentralizing our financial systems. I am reminded of a wonderful and very intelligent staff member of the CIA who told me in 1997, "your problem is that you have not answered the question, where does evil come from?" Indeed, this is the unanswered question of our day; one that cannot be answered without a much richer and clear picture than we now have of the economic warfare raging throughout our world and the economic hit men and women leading it.

************

There is Hope – Two Stories

Story #1

In November 2004 I was at a precious metals investment conference and had the opportunity to ask one of the speakers, the former head of a US intelligence agency, why the Air Force "stood down four times on 9/11." His answer surprised me. One of his major points during the speech had been the importance of cooperation among all parts of military, intelligence and enforcement on events like 9/11. He answered in a tone of anger saying something like, "I wouldn't know, dear. I ran the (intelligence agency), not the Air Force. You would have to ask the Air Force."

Throughout the years of the strong dollar policy, precious metals investors have held out hope that the price of gold and silver will rise based on economic fundamentals. However, when supply and demand forces can be artificially balanced through covert operations and black budget market manipulations financed by warfare and organized crime, the price can stay managed forever – as long as there are sufficient energy resources to do so. This is a much darker and more subtle form of confiscation than was previously thought possible. I saw and heard a dawning realization in that audience that precious metal investors were being "had."

As global investors come to understand the truth of 9/11, a lot of resources can shift in very decentralizing ways. I presume that the speaker's fear before such an audience indicated that he understood this too. He appreciates that the economic hit men's control of global markets is much more vulnerable to the viral spread of truth than it seems. Indeed, the following week, the speaker made a public statement that the Internet needed increased controls.

It would seem the truth of 911 is quite powerful.

Story #2
Two weeks ago I visited a friend who has absolutely no interest in politics. He is well into his seventies. He understands the extent and seriousness of the corruption. Given his age, he has concluded that the only thing he can do to help is live an upright life and pray. His response to the truth of 9/11 is to withdraw from current events and contribute spiritually. He mentioned that a group of his friends had suggested that a recent event had been determined by covert means in complete contradiction to accounts put forth by the mainstream media. He spoke about our current leadership with sadness. It was clear from his manner that he no longer takes them seriously. They have lost what the Chinese call "the mandate of heaven." They are thugs – to be avoided in public and laughed at in private.

While this may sound like a small thing, I saw something I have seen many times since the Presidential election. Many Americans are quietly and invisibly withdrawing our mandate from the current leadership – not from America as a country, or from the notion of a democratic American government or from the American people. We understand that our enemy is not these things. This silent withdrawal in the hearts and minds of millions and the use of spiritual warfare to effectively counter those behind economic and military warfare has the power to shift power to more legitimate leadership.

Enough hearts and minds on Main Street are silently withdrawing our support to begin real cultural and economic change. Imagine if the truth of 9/11 could illuminate the real economic hit men and women of our day and age and – unleashed from the paralysis of not understanding the covert flows around us and who we can trust – help us transform our situation in a wealth creating way?

As Percy Bysshe Shelley once said, "Ye are many. They are few."

FOOTNOTES:

1 See Jamey Hecht, "Failure and Crime Are Not the Same: 9/11's Limited Hangouts,"
http://www.fromthewilderness.com/free/ww3/112203_failure_crime.html.

2 See Catherine Austin Fitts, "The Myth of the Rule of Law," http://www.solari.com/gideon/q301.pdf; "The Negative Return on Investment Economy,"http://www.solariactionnetwork.com/phpBB2/viewtopic.php?p=3771#3771 and "The American Tapeworm,"http://www.scoop.co.nz/mason/stories/HL0304/S00228.htm.

3 For a description of an "economic hit" of which my company was a target, see the "Litigation," available online athttp://www.solari.com/gideon.

4 For a list of recommended books on 9/11, including The New Pearl Harbor and 9/11 Commission Report: Omissions and Distortions by David Ray Griffin, Crossing the Rubicon by Mike Ruppert, The Complete 9/11 Timeline by Paul Thompson, Inside Job by Jim Marrs and others, see http://www.911truth.org/.

5 Catherine Austin Fitts, "9/11 Profiteering,"http://www.scoop.co.nz/mason/stories/HL0403/S00244.htm.

6 Kelly Patricia O'Meara, "Strong Dollar Hides Weak Policy,"http://www.gata.org/StrongDollar.htm.

7 Kelly Patricia O'Meara, "Missing Money Articles,"http://www.solari.com/learn/articles_missingmoney.htm; "Treasury Checks and Unbalances,"http://www.insightmag.com/news/2004/04/27/National/ Treasury.Checks.And.Unbalances-658744.shtml

8 Catherine Austin Fitts, "The Story of Edgewood Technology Services,"http://www.scoop.co.nz/mason/stories/HL0207/S00101.htm.

9 Mike Ruppert, "Global Economic Collapse Likely,"http://www.fromthewilderness.com/free/ww3/11_09_01_Derivatives.html

10http://www.sandersresearch.com/Sanders/NewsManager/ShowNewsGen.aspx?NewsID=662NewsID=662

*************

Catherine Austin Fitts is the President of Solari, Inc. http://www.solari.com/. Ms. Fitts is the former Assistant Secretary of Housing-Federal Housing Commissioner during the first Bush Administration, a former managing director and member of the board of directors of Dillon Read & Co. Inc. and President of The Hamilton Securities Group, Inc. She writes a column for Scoop Mapping The Real Deal. And is one of the co-founders ofhttp://www.unansweredquestions.org/

© Copyright 2005, From The Wilderness Publications, http://www.fromthewilderness.com/. All Rights Reserved. This story may NOT be posted on any Internet web site without express written permission. Contact admin@copvcia.com. May be circulated, distributed or transmitted for non-profit purposes only.

STANDARD DISCLAIMER FROM UQ.ORG: UnansweredQuestions.org does not necessarily endorse the views expressed in the above article. We present this in the interests of research -for the relevant information we believe it contains. We hope that the reader finds in it inspiration to work with us further, in helping to build bridges between our various investigative communities, towards a greater, common understanding of the unanswered questions which now lie before us.

 

OLDDOGS COMMENTS

By Dana Gabriel

 

“The never ending war on drugs and war on terrorism are being used to justify the huge police state security apparatus being assembled. This includes the militarization of the northern border and plans for a North American security perimeter. In the name of national security, there has been a steady erosion of civil liberties and privacy rights in both the U.S. and Canada. Our freedoms are under assault. The amount of information being collected and shared on all aspects of our daily lives has expanded and is being stored in massive databases. Sweeping new surveillance powers targeting terrorists and other criminals are being increasingly turned against those who are critical of government policy. There is a concerted effort to demonize political opponents, activists, protesters and other peaceful groups. We are witnessing the criminalization of dissent where those who oppose the government’s agenda are being labeled as terrorists and a threat to security.”

 

GOVERNMENT CORRUPTION

Mandatory Read for Everyone Who Values the Constitution

February 24th, 2012 by

 

 From: Secure Arkansas <securearkansas@gmail.com>

 

Have you ever wondered where the legislators are getting their bills? Who is ghost writing them? How the different states happen to be passing the same bills at the same time?

 

William Fruth is president of The Policom Corporation, an independent economics research firm located in Florida. Fruth has served as vice president of a major industrial land development company and president of the business development board of Palm Beach County and during that tenure was named as Florida's economic development professional of the year in 1987. He also served in a full-time capacity as Mayor of Tiffin, Ohio. Fruth has been traveling around the country as Policom President, promoting Sustainable Development and Agenda 21. We have several documents in our possession that show William Fruth, Policom President, going throughout our country creating sustainable cities – an example is Los Alamos, New Mexico and we have the document to prove this. This document was prepared in 2004 by William H. Fruth.

 

There is a new book called 10 Amendments for Freedom by William Fruth. These Ten Amendments are all noble causes and they sound so good until you get to the convention. IT IS A LIE THAT THE TEN AMENDMENTS CANNOT CHANGE THE CONSTITUTION. The legislators think they know how this convention will be conducted, but they do not. It is like playing Russian roulette with a slight chance of winning.

 

This group has paired with American Legislative Exchange Council (ALEC) and some governors and they are pushing for the states to call for a Constitutional Convention.

 

We need to introduce you to ALEC. ALEC is a very powerful organization. Through ALEC, behind closed doors, corporations write bills for the state legislators to promote the agenda that will directly benefit their bottom line. Along with legislators, corporations have membership in ALEC. Corporations sit on all nine ALEC task forces and vote with legislators to approve "model" bills. (This is facism.) They have their own corporate governing board which meets jointly with the legislative board. (ALEC says that corporations do not vote on the board.) They fund almost all of ALEC's operations. Example: Bill Gates Foundation and Koch Brothers. Participating legislators, mostly conservative Republicans, then bring those policies home to implement at our own state legislatures without disclosing that corporations crafted and voted on the bills. ALEC boasts that it has over 1,000 of these bills introduced by legislative members every year, with one in every five of them enacted into law. A lot of our legislators are members of ALEC. If you want to know who they are, click here.

 

This idea of a Constitutional Convention is being pitched from ALEC to over 7000 conservative state legislators. Fruth is proposing 10 amendments listed in his book. These are all good causes, but still open up a Constitutional Convention. Once again, we must discredit ALEC and Policom if the head of Policom Corporation is promoting sustainable communities all over the world and the major contributors to ALEC are global elitists. If you want to know more, you can Google Policom Corporation and Sustainable Development.

 

We will keep you posted. The timing of this is terrible in this Obama-Pelosi-Reid atmosphere. If 34 states petition Congress to convene a Con-Con, the matter will be completely out of the states' hands. Period. There are 32 states with a standing call for a Constitutional Convention and Arkansas happens to be one of them. Could this administration handle the healthcare? No! Could they handle the national debt crisis? No!

 

This could come up in our legislature as early as tomorrow. You must call all of the legislators. Demand that their names be pulled from this bill. We will not let up on this campaign. Jason Rapert is leading us over the cliff like the Pied Piper. Jason Rapert found out that he could put this SJR1 through during the fiscal session and had a big press conference promoting this Con-Con.

 

Burn their lines down. Call them at the Capitol. The Capitol switchboard numbers are as follows: LOOK UP YOUR OWN STATE CONGRESSMEN AND SENATORS AT OPENCONGRESS.ORG

ALEC Exposed: The Koch Connection

 

http://www.thenation.com/article/161973/koch-connection

THE NATION

This article is part of a Nation series exposing the American Legislative Exchange Council, in collaboration with the Center For Media and Democracy. John Nichols introduces the series.

Hundreds of ALEC’s model bills and resolutions bear traces of Koch DNA: raw ideas that were once at the fringes but that have been carved into “mainstream” policy through the wealth and will of Charles and David Koch. Of all the Kochs’ investments in right-wing organizations, ALEC provides some of the best returns: it gives the Kochs a way to make their brand of free-market fundamentalism legally binding.

About the Author

Lisa Graves

Lisa Graves, executive director of the Center for Media and Democracy, is the publisher of ALEC Exposed, SourceWatch…

Related Topics

Company TechnologyHospitality Koch IndustriesSocial Issues

No one knows how much the Kochs have given ALEC in total, but the amount likely exceeds $1 million—not including a half-million loaned to ALEC when the group was floundering. ALEC gave the Kochs its Adam Smith Free Enterprise Award, and Koch Industries has been one of the select members of ALEC’s corporate board for almost twenty years. The company’s top lobbyist was once ALEC’s chairman. As a result, the Kochs have shaped legislation touching every state in the country. Like ideological venture capitalists, the Kochs have used ALEC as a way to invest in radical ideas and fertilize them with tons of cash.

Take environmental protections. The Kochs have a penchant for paying their way out of serious violations and coming out ahead. Helped by Koch Industries’ lobbying efforts, one of the first measures George W. Bush signed into law as governor of Texas was an ALEC model bill giving corporations immunity from penalties if they tell regulators about their own violation of environmental rules. Dozens of other ALEC bills would limit environmental regulations or litigation in ways that would benefit Koch.

ALEC’s model legislation reflects parts of the Kochs’ agenda that have little to do with oil profits. Long before ALEC started pushing taxpayer-subsidized school vouchers, for example, the Koch fortune was already underwriting attacks on public education. David Koch helped inject the idea of privatizing public schools into the national debate as a candidate for vice president in 1980. A cornerstone of the Libertarian Party platform, which he bankrolled, was the call for “educational tax credits to encourage alternatives to public education,” a plan to the right of Ronald Reagan. Several pieces of ALEC’s model legislation echo this plan.

The Kochs’ mistrust of public education can be traced to their father, Fred, who ranted and raved that the National Education Association was a communist group and public-school books were filled with “communist propaganda,” paranoia that extended to all unions, President Eisenhower and the “pro-communist” Supreme Court. Such redbaiting might be ancient history if fifty years later David were not calling President Obama a “hard-core socialist” who is “scary.”

The Kochs have not just multiplied the wealth of their dad; they’ve repackaged and amplified his worldview. David’s latest venture, Americans for Prosperity, subsidizes the Tea Party movement, which repeats this “socialist” smear. Charles is a member of the exclusive Mount Pelerin Society, inspired by Frederic von Hayek’s antisocialist polemic The Road to Serfdom. Through the Charles G. Koch Charitable Foundation, the Institute for Humane Studies administers the Hayek Fund for Scholars and sister programs to fund academics and staffers for like-minded groups across the country. “Charles G. Koch Fellows” and interns stock ALEC, and have gone on to direct ALEC task forces.

Another David Koch project, Citizens for a Sound Economy—which launched the effort to repeal Glass-Steagall protections keeping banks from gambling in securities—helped fuel the fight for “free trade,” an unpopular policy in the 1980s. The North American Free Trade Agreement passed with help from CSE and its corporate allies. ALEC resolutions for state legislators have long supported such trade agreements in the face of local concerns about job losses, and today the Koch free-market fantasy is reflected in ALEC’s support for free trade pacts with Korea, Georgia, Colombia and other countries. On just about every issue taken on by Koch’s CSE, ALEC has provided legislative tools to carry them through to state legislatures, from privatizing “federal and state services and assets,” as CSE put it, to blocking common-sense caps on unlimited credit card interest rates.

ALEC and the Kochs often pursue parallel tracks. Just as ALEC “educates” legislators, Koch funding has helped “tutor” hundreds of judges with all-expenses-paid junkets at fancy resorts, where they learn about the “free market” impact of their rulings. But ALEC also operates like an arm of the Koch agenda, circulating bills that make their vision of the world concrete. For a mere $25,000 a year, Koch Industries sits as an “equal” board member with state legislators, influencing bills that serve as a wish list for its financial or ideological interests.

It’s a pittance for the Kochs but far out of the reach of working Americans. Ordinary citizens rely on our elected representatives’ efforts to restore what’s left of the American Dream. But through ALEC, billionaire industrialists are purchasing a version that seems like a real nightmare for most Americans.

OLDDOGS COMMENTS

Remember this, once a con con is approved by 34 states, America and the existing constitution could be totally destroyed, and there is not a trustworthy majority in congress and the senate to be allowed this power. You absolutely must become knowledgeable on the history of how our government was formed and intended to be administered, then call all of your state reps and senators and demand NO CON CON. All of our futures are in your hands, and we are already being attacked from thousands of events that restrict our future freedom to be self governed.  A constitutional convention at this time would be the death of a free America.

NO CON CON

WHY SHOULD GOD BLESS AMERICA?

February 23rd, 2012 by

 

THE BATTLE FOR THE SOUL OF AMERICA

http://www.newswithviews.com/Daubenmire/dave270.htm

By Coach Dave Daubenmire

February 23, 2012
NewsWithViews.com

Martin Niemoller: "Our concern here, Herr Hitler, is not for the church. Jesus Christ will take care of the church. Our concern is for the soul of the nation."

Adolph Hitler: "You can leave the soul of Germany to me."

Words have meaning. My perspective on life was altered when I came to that realization. We live in a nation where we believe every “expert.” We have been trained to listen, but not to think.

We share a common language, but we do not realize that words mean different things to different people. For a greater perspective, read my commentary Change the Words, Change the World.

I used to think that the term “pro-life” meant that a person was against abortion. Sorry Charlie.Most “pro-lifers” are pro-choice…they just think that “life” is the “correct” choice. They do not hate abortion and do not fight to outlaw it.

That’s why so many politicians claim to be “Pro-Life,” yet abortion remains legal. Republicans tend to be “Pro-Life,” but they don’t really want to stop the butchering of babies.

But we think they do. We think “Pro-Life” means “stop abortion.” It doesn’t.

“Conservative” is another one of those words. Most of us here in fly-over country assume that “conservative” is a belief system. In reality, it is just a “position” that political candidates claim to hold. “Pro-Life” is one of those “conservative” positions.

That’s why they break “conservatives” into classes; “social” conservatives, “fiscal” conservatives, “judicial” conservatives, “neo” conservatives, and ironically, “Christian” conservatives.

You would think that most Christians would be “conservatives,” but of course, you would be mistaken. There are “liberal” Christians, “social-justice” Christians, “fundamentalist” Christians, “moderate” Christians, and my favorite, “Bible-believing” Christians. You see, not even “Christianity” is a one-size-fits-all description. Just like “conservative.” Just like Republican.

While most “conservatives” are Republicans, not all Republicans are “conservative.” They are not the same. I explain it here. I’m not even sure what “Christian” or “conservative” means anymore.

Let me get to the point. The “non-conservative” Republicans control the Republican Party.

Wake up folks. Our ignorance is destroying us. The Republicans and the Democrats are merely two wings of the same vulture. They represent the “Political-Class;” those who make their living off of bigger government. Their currency is PMS…Power…Money…Sex.

They are one party masquerading as two; The Democrat Political-Class and The Republican Political-Class. They fight over which side gets control of the money, not over issues.

The Republican Political-Class is fighting like mad to see Romney get the nomination because he is “more electable.” “More Electable” means Romney won’t “rock the boat” and the Republican Political-Class gets their turn to play quarterback. Either way, the “Political-Class” calls all of the plays.

Romney has run for President for five years, yet he still can’t get more than 30% of the Republican vote. Most of his 30% are the Political-Class Republicans. Heck, he could get that much if he challenged Obama in the Democratic Political-Class Primary.

Gallup reports that 42% of voters identify as conservative, 35% as moderate, and only 20% liberals. The “conservatives” only need 9% of the “moderate” vote to win. Yet the Republican Political-Class is pushing a “moderate” as their candidate. Meanwhile, the “liberals” are destroying this country.

The big myth is that Republicans represent “conservatives” when they don’t. It is the “moderate” Republicans who split the “conservative” vote by nominating RINOS. Some “moderate” Republicans voted for Obama. Some “conservative” Democrats didn’t. Lindsey Graham is a member of the Republican Political-Class, as are Susan Collins, Karl Rove, Olympia Snowe, and John McCain. Do they represent you?

Let’s face it. Both major political parties are for bigger government. A vote for either party is a vote for more government courtesy of the “Political-Class.” Their plan is to nominate a “moderate” to oppose a “leftist”, and leave “conservatives”, the majority, with no place to go.

THE TEA PARTY IS THE CONSERVATIVE BASE. Have you noticed how both sides of the “Political-Class” hate the “tea-baggers?” The Tea Party IS the opposition party to the “Political-Class.” The Tea Party must seize control of the Republican Party. It is the only chance to return power to the people.

I love to hear the media prattle on about the dangers of a “third party.” I would love to see a SECOND party; One that actually brings change. In my lifetime the Republican Party has nominated Eisenhower, Nixon, Goldwater, Nixon, Ford, Reagan, Bush I, Dole, Bush II, and McCain. The Political-Class has continued to grow and national morality has continued its rapid plunge into the toilet as the Republicans moved farther and farther left.

Today, there is no “conservative” party.

Rick Santorum has raised a fire-storm because he is speaking about the “social” values. Right on cue, both wings of the Political-Class begin to yap about how “social” values cannot win in the general election. Folks, “conservative social” values still win the day. That is why the pigs are squealing so loudly. Even the Paul-bots don’t like the “social” issues. Many of them want freedom without responsibility.

If lying, stealing, and fornicating once again became taboo in America; if we once again began to demand those values of our children and our leaders, The Political-Class would no longer have a platform upon which to stand.

Santorum has seen a meteoric rise. He is speaking the language that a majority of Americans understand. He has said such things as “Satan has his sights on the United States of America…attacking the great institutions of America, using those great vices of pride, vanity and sensuality as the root to attack all of the strong plants that has so deeply rooted in the American tradition.” He called Satan, “The Father of Lies.” JN 8:44

When it comes to social values he doesn’t need a teleprompter. He knows that song by heart. He understands that the heart of the problem is that America has a problem of the heart. Our government is a reflection of our people. We must return to Truth.

The “Political-Class” has taken America hard left. A “moderate” correction will not bring us back to the middle. Only a hard-right can keep the one-winged eagle from a death spiral.

“Conservatives” hold deep-seated beliefs. “Republicans” hold political positions. They are not the same. If a “moderate” faces a “leftist” in 2012, “conservatives” cannot win. Ignorance is doing the same thing over and over and expecting a different result.

I support most of what Ron Paul stands for, but he fails to understand the importance of “social issues.” He calls them a “losing position.”

 

Isn’t fiat currency a social issue? What about the crap your kids are learning in government schools? Isn’t government theft a social issue? Abortion, marriage, war…aren’t they “social” issues?” Do you mean socialism is not a “social issue?”

Don’t let them blow smoke at you. It is not about contraception or women’s rights. It is about right and wrong. Right and wrong is not a state’s-rights issue. Right and wrong is a human rights issue.

It is time we drew a line and had a fight over the moral issues. Christians have given ground for far too long. It is time we had the debate. It is time to rise up against the cultural, moral rot.

The battle over right and wrong is THE political issue of our time. If this election is lost I don’t want it to be over tax cuts. The battle lines are drawn. Let’s get it on. Let’s force the “moderates” to go third-party.

“But the media tells us that a conservative will lose!!”

Wake-up, Pal. We are already losing. Stupid is as stupid does.

 

Click Here for an audio version of this commentary.

Order the CDs here.

 

Do you think like a Christian or a humanist? Did the Founders really separate Church and State? Is Judicial tyranny ruining America? Check out these great teachings by the Coach

© 2012 Dave Daubenmire – All Rights Reserved


Coach Dave Daubenmire, founder and President of Pass The Salt Ministries www.ptsalt.com and Minutemen United www.minutemenunited.org, is host of the high octane Pass The Salt radio show heard in Columbus, Ohio.

In 1999 Coach Daubenmire was sued by the ACLU for praying with his teams while coaching high school in Ohio. He now spends his energy fighting for Christian principles in the public domain.

E-Mail: coach@ptsalt.com

 

HUMAN DEPRAVITY

 

The Global Crises of Capitalism: Whose Crises, Who Profits?

February 23rd, 2012 by

 

 

www.globalresearch.ca/index.php?context=va&aid=29388

 

By Prof. James Petras

 

Introduction

 

From the Financial Times to the far left, tons of ink has been spilt writing about some variant of the “Crises of Global Capitalism”. While writers differ in the causes, consequences and cures, according to their ideological lights, there is a common agreement that “the crises” threatens to end the capitalist system as we know it.

There is no doubt that, between  2008-2009, the capitalist system in Europe and the United States suffered a severe shock that shook the foundations of its financial system and threatened to bankrupt its ‘leading sectors’.

However, I will argue the ‘crises of capitalism’ was turned into a ‘crises of labor’. Finance capital, the principle detonator of the crash and crises, recovered, the capitalist class as a whole was strengthened, and most important of all, it utilized the political, social, ideological conditions created as a result of “the crises” to further consolidate their dominance and exploitation over the rest of society.

In other words, the ‘crises of capital’ has been converted into a strategic advantage for furthering the most fundamental interests of capital: the enlargement of profits, the consolidation of capitalist rule, the greater concentration of ownership, the deepening of inequalities between capital and labor and the creation of huge reserves of labor to further augment their profits.

Furthermore, the notion of a homogeneous global crisis of capitalism overlooks profound differences in performance and conditions, between countries, classes, and age cohorts.

The Global Crises Thesis: The Economic and Social Argument

The advocates of global crises argue that beginning in 2007 and continuing to the present, the world capitalist system has collapsed and recovery is a mirage. They cite stagnation and continuing recession in North America and the Eurozone. They offer GDP data hovering between negative to zero growth. Their argument is backed by data citing double digit unemployment in both regions. They frequently correct the official data which understates the percentage unemployed by excluding part-time, long-term unemployed workers and others. The ‘crises’ argument is strengthened by citing the millions of homeowners who have been evicted by the banks, the sharp increase in poverty and destitution accompanying job loses, wage reductions and the elimination or reduction of social services. “”Crises” is also associated with the massive increase in bankruptcies of mostly small and medium size businesses and regional banks.

 

The Global Crises: The Loss of Legitimacy

 

Critics, especially in the financial press, write of a “legitimacy crises of capitalism” citing polls showing substantial majorities questioning the in justice s of the capitalist system, the vast and growing inequalities and the rigged rules by which banks exploit their size (“too big to fail”) to raid the Treasury at the expense of social programs.

In summary the advocates of the thesis of a “Global Crises of Capitalism” make a strong case, demonstrating the profound and pervasive destructive effects of the capitalist system on the lives of the great majority of humanity.

The problem is that a ‘crises of humanity’ (more specifically of salary ad wage workers) is not the same as a crisis of the capitalist system. In fact as we shall argue below growing social adversity, declining income and employment has been a major factor facilitating the rapid and massive recovery of the profit margins of most large scale corporations.

Moreover, the thesis of a global crises of capitalism amalgamates disparate economies, countries, classes and age cohorts with sharply divergent performances at different historical moments.

 

Global Crises or Uneven and Unequal Development?

 

It is utterly foolish to argue for a “global crises” when several of the major economies in the world economy did not suffer a major downturn and others recovered and expanded rapidly. China and India did not suffer even a recession. Even during the worst years of the Euro-US decline, the Asian giants grew on average about 8%. Latin America’s economies especially the major agro-mineral export countries (Brazil, Argentina, Chile, ) with diversified markets, especially in Asia, paused briefly (in 2009) before assuming moderate to rapid growth (between 3% to 7%) from 2010-2012.

By aggregating economic data from the Euro-zone as a whole the advocates of global crises, overlooked the enormous disparities in performance within the zone. While Southern Europe wallows in a deep sustained depression, by any measure, from 2008 to the foreseeable future, German exports, in 2011, set a record of a trillion euros; its trade surplus reached 158 billion euros, after a155 billion euro surpluses in 2010. (BBC News, Feb. 8 2012).

While aggregate Eurozone unemployment reaches 10.4%, the internal differences defy any notion of a “general crises”. Unemployment in Holland is 4.9%, Austria 4.1% and Germany 5.5% with employer claims of widespread skilled labor shortages in key growth sectors. On the other hand in exploited southern Europe unemployment runs to depression levels, Greece 21%, Spain 22.9%, Ireland 14.5%, and Portugal 13.6% (FT 1/19/12, p.7). In other words, “the crises” does not adversely affect some economies, that in fact profit from their market dominance and techno-financial strength over dependent, debtor and backward economies. To speak of a ‘global crises’ obscures the fundamental dominant and exploitative relations that facilitate ‘recovery’ and growth of the elite economies over and against their competitors and client states. In addition global crises theorists wrongly amalgamated crises ridden, financial-speculative economies (US, England ) with dynamic productive export economies ( Germany , China ).

The second problem with the thesis of a “global crises” is that it overlooks profound internal differences between age cohorts. In several European countries youth unemployment (16-25) runs between 30 to 50% (Spain 48.7%, Greece 47.2%, Slovakia 35.6%, Italy 31%, Portugal 30.8% and Ireland 29%) while in Germany, Austria and Holland youth unemployment runs to Germany 7.8%, Austria 8.2% and Netherlands 8.6% (Financial Times (FT) 2/1/12, p2). These differences underlie the reason why there is not a ‘global youth movement’ of “indignant” and “occupiers” .Five-fold differences between unemployed youth is not conducive to ‘international’ solidarity. The concentration of high youth unemployment figures explains the uneven development of mass- street protests especially centered in Southern Europe . It also explains why the northern Euro-American “anti-globalization” movement is largely a lifeless forum which attracts academic pontification on the “global capitalist crises” and the impotence of the “Social Forums” are unable to attract millions of unemployed youth from Southern Europe .They are more attracted to direct action. Globalist theorists overlook the specific way in which the mass of unemployed young workers are exploited in their dependent debt ridden countries. They ignore the specific way they are ruled and repressed by center-left and rightist capitalist parties. The contrast is most evident in the winter of 2012. Greek workers are pressured to accept a 20% cut in minimum wages while in Germany workers are demanding a 6% increase.

If the ‘crises’ of capitalism is manifested in specific regions, so too does it affect different age/racial sectors of the wage and salaries classes. The unemployment rates of youth to older workers varies enormously: in Italy it is 3.5/1, Greece 2.5/1, Portugal 2.3/1, Spain 2.1/1 and Belgium 2.9/1. In Germany it is 1.5/1 (FT 2/1/12). In other words because of the higher levels of unemployment among youth they have a greater propensity for direct action ‘against the system’; while older workers with higher levels of employment (and unemployment benefits) have shown a greater propensity to rely on the ballot box and engage in limited strikes over job and pay related issues. The vast concentration of unemployed among young workers means they form the ‘available core’ for sustained action; but it also means that they can only achieve limited unity of action with the older working class experiencing single digit unemployment.

However, it is also true that the great mass of unemployment youth provides a formidable weapon, in the hands of employers to threaten to replace employed older workers. Today, capitalists constantly resort to using the unemployed to lower wages and benefits and to intensify exploitation (dubbed to “increase productivity”) to increase profit margins. Far from being simply an indicater of ‘capitalist crises’, high levels of unemployment have served along with other factors’ to increase the rate of profit, accumulate income, widen income inequalities which augments the consumption of luxury goods for the capitalist class: the sales of luxury cars and watches is booming.

 

Class Crises: The Counter-Thesis

 

Contrary to the “global capitalist crises” theorists, a substantial amount of data has surfaced which refutes its assumptions. A recent study reports “US corporate profits are higher as a share of gross domestic product than at any time since 1950” (FT 1/30/12). US companies cash balances have never been greater, thanks to intensified exploitation of workers, and a multi-tiered wage systems in which new hires work for a fraction of what older workers receive (thanks to agreements signed by ‘door mat’ labor bosses).

The “crises of capitalism” ideologues have ignored the financial reports of the major US corporations. According to General Motors 2011 report to its stockholders, they celebrated the greatest profit ever, turning a profit of $7.6 billion, surpassing the previous record of $6.7 billion in 1997. A large part of these profits results from the freezing of its underfunded US pension funds and extracting greater productivity from fewer workers-in other words intensified exploitation-and cutting hourly wages of new hires by half. (EarthLink News 2/16/12)

Moreover the increased importance of imperialist exploitation is evident as the share of US corporate profits extracted overseas keeps rising at the expense of employee income growth. In 2011, the US economy grew by 1.7%,but median wages fell by 2.7%.According to the financial press” the profit margins of the S and P 500 leapt from

6% to 9% of the GDP in the past three years, a share last achieved three generations ago. At roughly a third, the foreign share of these profits has more than doubled since 2000”(FT 2/13/12 P9.If this is a “capitalist crises” then who needs a capitalist boom ?

Surveys of top corporations reveal that US companies are holding 1.73 trillion in cash, “the fruits of record high profit margins” (FT 1/30/12 p.6). These record profit margins result from mass firings which have led to intensifying exploitation of the remaining workers. Also, negligible federal interest rates and easy access to credit allow capitalists to exploit vast differentials between borrowing and lending and investing. Lower taxes and cuts in social programs result in a growing cash pile for corporations. Within the corporate structure, income goes to the top where senior executives pay themselves huge bonuses. Among the leading S and P 500 corporations the proportion of income that goes to dividends for stockholders is the lowest since 1900 (FT 1/30/12, p.6).

A real capitalist crisis would adversely affect profit margins, gross earnings and the accumulation of “cash piles”. Rising profits are being horded because as capitalists profit from intense exploitation, mass consumption stagnates.

Crises theorists confuse what is clearly the degrading of labor, the savaging of living and working conditions and even the stagnation of the economy, with a ‘crises’ of capital: when the capitalist class increases its profit margins, hoards trillions, it is not in crises. The key point is that the ‘crises of labor’ is a major stimulus for the recovery of capitalist profits. We cannot generalize from one to the other. No doubt there was a moment of capitalist crises (2008-2009) but thanks to the capitalist state’s unprecedented massive transfer of wealth from the public treasury to the capitalist class – Wall Street banks in the first instance – the corporate sector recovered, while the workers and the rest of the economy remained in crises, went bankrupt and out of work.

 

From Crises to Recovery of Profits: 2008/9 to 2012

 

The key to the ‘recovery’ of corporate profits had little to do with the business cycle and all to do with Wall Street’s large-scale takeover and pillage of the US Treasury. Between 2009-2012 hundreds of former Wall Street executives, managers and investment advisers seized all the major decision-making positions in the Treasury Department and channeled trillions of dollars into leading financial and corporate coffers. They intervened financially troubled corporations, like General Motors, imposing major wage cuts and dismissals of thousands of workers.

Wall Streeters in Treasury elaborated the doctrine of “Too Big to Fail” to justify the massive transfer of wealth. The entire speculative edifice built in part by a 234 fold rise in foreign exchange trading volume between 1977-2010 was restored (FT 1/10/12, p.7). The new doctrine argued that the state’s first and principle priority is to return the financial system to profitability at any and all cost to society, citizens, taxpayers and workers. “Too Big to Fail” is a complete repudiation of the most basic principle of the “free market” capitalist system: the idea that those capitalists who lose bear the consequences; that each investor or CEO, is responsible for their action. Financial capitalists no longer needed to justify their activity in terms of any contribution to the growth of the economy or “social utility”. According to the current rulers Wall Street must be saved because it is Wall Street, even if the rest of the economy and people sink (FT 1/20/12, p.11). State bailouts and financing are complemented by hundreds of billions in tax concessions, leading to unprecedented fiscal deficits and the growth of massive social inequalities. The pay of CEO’s as a multiple of the average worker went from 24 to 1 in 1965 to 325 in 2010 (FT 1/9/12, p.5).

The ruling class flaunts their wealth and power aided and abetted by the White House and Treasury. In the face of popular hostility to Wall Street pillage of Treasury, Obama went through the sham of asking Treasury to impose a cap on the multi-million dollar bonuses that the CEO’s running bailed out banks awarded themselves. Wall Streeters in Treasury refused to enforce the executive order, the CEO’s got billions in bonuses in 2011 . President Obama went along, thinking he conned the US public with his phony gesture, while he reaped millions in campaign funds from Wall Street!

The reason Treasury has been taken over by Wall Street is that in the 1990’s and 2000’s, banks became a leading force in Western economies. Their share of the GDP rose sharply (from 2% in the 1950’s to 8% in 2010” (FT 1/10/12, p.7).

Today it is “normal operating procedure” for President’s to appoint Wall Streeter’s to all key economic positions; and it is ‘normal’ for these same officials to pursue policies that maximize Wall Street profits and eliminate any risk of failure no matter how risky and corrupt their practioners.

 

The Revolving Door: From Wall Street to Treasury and Return

 

Effectively the relation between Wall Street and Treasury has become a “revolving door”: from Wall Street to the Treasury Department to Wall Street. Private bankers take appointments in Treasury (or are recruited) to ensure that all resources and policies Wall Street needs are granted with maximum effort, with the least hindrance from citizens, workers or taxpayers. Wall Streeters in Treasury give highest priority to Wall Street survival, recovery and expansion of profits. They block any regulations or restrictions on bonuses or a repeat of past swindles.

Wall Streeters ‘make a reputation’ in Treasury and then return to the private sector in higher positions, as senior advisers and partners. A Treasury appointment is a ladder up the Wall Street hierarchy. Treasury is a filling station to the Wall Street Limousine: ex Wall Streeters fill up the tank, check the oil and then jump in the front seat and zoom to a lucrative job and let the filling station (public) pay the bill.

Approximately 774 officials (and counting) departed from Treasury between January 2009 and August 2011 (FT 2/6/12, p. 7). All provided lucrative “services” to their future Wall Street bosses finding it a great way to re-enter private finance at a higher more lucrative position.

A report in the Financial Times Feb. 6, 2012 (p. 7) entitled appropriately Manhattan Transfer” provides typical illustrations of the Treasury-Wall Street “revolving door”.

Ron Bloom went from a junior banker at Lazard to Treasury, helping to engineer the trillion dollar bailout of Wall Street and returned to Lazard as a senior adviser. Jake Siewert went from Wall Street to becoming a top aide to Treasury Secretary Tim Geithner and then graduated to Goldman Sachs, having served to undercut any cap on Wall Street bonuses.

Michael Mundaca, the most senior tax official in the Obama regime came from the Street and then went on to a highly lucrative post in Ernst and Young a corporate accounting firm, having helped write down corporate taxes during his stint in “public office”.

Eric Solomon, a senior tax official in the infamous corporate tax free Bush Administration made the same switch. Jeffrey Goldstein who Obama put in charge of financial regulation and succeeded in undercutting popular demands, returned to his previous employer Hellman and Friedman with the appropriate promotion for services rendered.

Stuart Levey who ran AIPAC sanctions against Iran policies out if Treasury’s so-called “anti- terrorist agency” was hired as general counsel by HSBC to defend it from investigations for money laundering (FT 2/6/12, p. 7). In this case Levey moved from promoting Israel’s ’ war aims to defending an international bank accused of laundering billions in Mexican cartel money. Levey, by the way spent so much time pursuing Israel’s ’ Iran agenda that he totally ignored the Mexican drug cartels’ billion dollar money laundering cross-border operations for the better part of a decade.

Lew Alexander a senior advisor to Geithner in designing the trillion dollar bail out is now a senior official in Nomura, the Japanese bank. Lee Sachs went from Treasury to Bank Alliance, (his own “lending platform”). James Millstein went from Lazard to Treasury bailed out AIG insurance run into the ground by Greenberg and then established his own private investment firm taking a cluster of well-connected Treasury officials with him.

The Goldman-Sachs-Treasury “revolving door” continues today. In addition to past and current Treasury heads Paulson and Geithner, former Goldman partner Mark Patterson was recently appointed Geithner’s “chief of staff”. Tim Bowler former Goldman managing director was appointed by Obama to head up the capital markets division.

It should be abundantly clear that elections, parties and the billion dollar electoral campaigns have little to do with “democracy” and more to do with selecting the President and legislators who will appoint non-elected Wall Streeters to make all the strategic economic decisions for the 99% of Americans. The policy results of the Wall Street-Treasury revolving door are clear and provide us with a framework for understanding why the “profit crises” has vanished and the crises of labor has deepened.

 

The “Policy Achievements” of the Revolving Door

 

The Wall Street-Treasury conundrum (WSTC) has performed herculean and audacious labor for finance and corporate capital. In the face of universal condemnation of Wall Street by the vast majority of the public for its swindles, bankruptcies, job losses and mortgage foreclosures, the WSTC publically backed the swindlers with a trillion dollar bailout. A daring move on the face of it; that is if majorities and elections counted for anything. Equally important the WSTC dumped the entire “free market” ideology that justified capitalist profits based on its “risks”, by imposing the new dogma of “too big to fail” in which the state treasury guarantees profits even when capitalists face bankruptcy, providing they are billion dollar firms. The WSTC dumped the capitalist principle of “fiscal responsibility” in favor of hundreds of billions of dollars in tax cuts for the corporate-financial ruling class, running up record peace time budget deficits and then having the audacity to blame the social programs

supported by popular majorities. (Is it any wonder these ex-Treasury officials get such lucrative offers in the private sector when they leave public office?) Thirdly, Treasury and the Central Bank (Federal Reserve) provide near zero interest loans that guarantees big profits to private financial institution which borrow low from the Fed and lend high, (including back to the Government!) especially in purchasing overseas Government and corporate bonds. They receive anywhere from four to ten times the interest rates they pay. In other words the taxpayers provide a monstrous subsidy for Wall Street speculation. With the added proviso, that today these speculative activities are now insured by the Federal government, under the “Too Big to Fail” doctrine.

Under the ideology of “regaining competitiveness” the Obama economic team (from Treasury, the Federal Reserve, Commerce, Labor) has encouraged employers to engage in the most aggressive shedding of workers in modern history. Increased productivity and profitability is not the result of “innovation” as Obama, Geithner and Bernache claim; it is a product of a state labor policy which deepens inequality by holding down wages and raising profit margins. Fewer workers producing more commodities. Cheap credit and bailouts for the billion dollar banks and no refinancing for households and small and medium size firms leading to bankruptcies, buyouts and ‘consolidation’ namely, greater concentration of ownership. As a result the mass market stagnates but corporate and bank profits reach record levels. According to financial experts under the WSTC “new order” “bankers are a protected class who enjoy bonuses regardless of performance, while relying on the taxpayer to socialize their losses” (FT 1/9/12, p.5). In contrast, labor, under Obama’s economic team, faces the greatest insecurity and most threatening situation in recent history: “in what is unquestionably novel is the ferocity with which US business sheds labor now that executive pay and incentive schemes are linked to short term performance targets” (FT 1/9/2012, p. 5).

 

Economic Consequences of State Policies

 

Because of the Wall Street “takeover” of strategic economic policy positions in Government we can now understand the paradox of record profit margins in the midst of economic stagnation. We can comprehend why the capitalist crises has, at least temporarily, been replaced by a profound crises of labor. Within the power matrix of Wall Street-Treasury Dept. all the old corrupt and exploitative practices that led up to the 2008-2009 crash have returned: multi-billion dollar bonuses for investment bankers who led the economy into the crash; banks “snapping up billions of dollars of bundled mortgage products that resemble the sliced and diced debt some (sic) blame for the financial crises” (FT 2/8/12, p.1). The difference today is that these speculative instruments are now backed by the taxpayer (Treasury). The supremacy of the financial structure of the pre-crises US economy is in place and thriving … “only”, the US labor force has sunk into greater unemployment, declining living standards, widespread insecurity and profound discontent.

 

Conclusion: The Case Against Capitalism and for Socialism

 

The profound crises of 2008-2009 provoked a spate of questioning of the capitalist system, even among many of its most ardent advocates (FT 1/8/12 to 1/30/12) criticism abounded. ‘Reform, regulation and redistribution’ were the fare of financial columnists. Yet the ruling economic and governing class took no heed. The workers are controlled by door mat union leaders and lack a political instrument. The rightwing pseudo populists embrace an even more virulent pro capitalist agenda, calling for across the board elimination of social programs and corporate taxes. Inside the state, a major transformation has taken place which effectively smashed any link between capitalism and social welfare, between government decision-making and the electorate. Democracy has been replaced by a corporate state, founded on the revolving door between Treasury and Wall Street, which funnels public wealth to private financial coffers. The breach between the welfare of society and the operations of the financial architecture is definitive.

The activity of Wall Street has no social utility, its practitioners enrich themselves with no redeeming activity. Capitalism has demonstrated conclusively, that it thrives through the degradation of tens of millions of workers and rejects the endless pleas for reform and regulation. Real existing capitalism cannot be harnessed to raising living standards or ensuring employment free of fear of large scale, sudden and brutal firings. Capitalism, as we experience it over the past decade and for the foreseeable future, is in polar opposition to social equality, democratic decision-making and collective welfare.

Record capitalist profits are accrued by pillaging the public treasury, denying pensions and prolonging ‘work till you die’, bankrupting most families with exorbitant private corporate medical and educational costs.

More than ever in recent history, record majorities reject the rule by and for the bankers and the corporate ruling class (FT 2/6/12, p. 6). Inequalities between the top 1% and the bottom 99% have reached record proportions. CEO’s earn 325 times that of an average worker (FT 1/9/12, p.5). Since the state has become the ‘foundation’ of the economy of the Wall Street predators, and since ‘reform’ and regulation has dismally failed, it is time to consider a fundamental systemic transformation that begins via a political revolution which forcibly ousts the non-elected financial and corporate elites running the state for their own exclusive interests. The entire political process, including elections, are profoundly corrupt: each level of office has its own inflated price tag. The current Presidential contest will cost $2 to $3 billion dollars to determine which of the servants of Wall Street will preside over the revolving door.

Socialism is no longer the scare word of the past. Socialism involves the large-scale reorganization of the economy, the transfer of trillions from the coffers of predator classes’ of no social utility to the public welfare. This change can finance a productive and innovative economy based on work and leisure, study and sport. Socialism replaces the everyday terror of dismissal with the security that brings confidence, assurance and respect to the workplace. Workplace democracy is at the heart of the vision of 21st century socialism. We begin by nationalizing the banks and eliminating Wall Street. Financial institutions are redesigned to create productive employment, to serve social welfare and to preserve the environment. Socialism would begin the transition, from a capitalist economy directed by predators and swindlers and a state at their command, toward an economy of public ownership under democratic control.

James Petras' most recent book is The Arab Revolt and the Imperialist Counter Attack (Clarity Press 2012) 2nd edition.

 

 

OLDDOGS COMMENTS

Have I not warned you of Global Research’s Socialist intent? Notice how expertly they itemize all of the atrocities the elite’s heap on the backs of the working class, enrage you with their greed, then imply that socialism is the answer to all of our problems. They are experts at manipulating the human mind, and promoting socialism as the cure all.

AND, the sad part of this is, IT WORKS, because the average worker is ignorant of socialism’s failed promises’, and the extraordinary regulations that the workers are finally throttled with outside of their occupations. SOCIALISM SUCKS, JUST AS ITS PROMOTERS DO!

The only cure for the atrocities being heaped on our backs is intelligent regulation of Banking, and investment firms, plus honest politicians. Political accountability is the only way out of this quicksand economy. If the politicians will not stay honest, throw them to the dogs, and laugh at their screams of torment.

Send the international banker to hell, along with their families.

Exterminate their genes from the face of the earth, or your children will be their children’s slaves, and concubines.

AMERICA,

The land of the free and the home of the brave, my ASS, American’s no longer have the balls to save their own children!

 

SOCIALISM

 

 

 

 

 

 

 

 

SHERIFFS TO THE RESCUE

February 22nd, 2012 by

 

http://www.newswithviews.com/Pratt/larry125.htm

By Larry Pratt 
February 21, 2012
NewsWithViews.com

Richard Mack is well known as the first of eventually six sheriffs to take on the Brady Law. And, much to the delight of pro-gunners around the country, the Supreme Court agreed with Mack in 1995 that the federal government did not have constitutional authority to force state officials to conduct background checks.

Mack is no longer in office, but that has not stopped him from staying involved in promoting constitutional issues. He is now taking the lead in informing sheriffs of the authority they have as the chief law enforcement officer in their counties. While this has come as a surprise to many federal officials, the Constitution is quite specific in terms of what they are allowed to do. Almost all the powers which “We the People” have delegated to the federal government are listed in the 18 clauses found in Article I, Section 8 of the Constitution.

Sheriffs find that when they warn the feds not to conduct an unconstitutional police action against one of their citizens, the feds back down. Sometimes the feds threaten to arrest them, but when the sheriff’s response is “game on,” the stalemate ends with the feds backing down.

I recently attended the first conference of the Constitutional Sheriffs and Peace Officers Association. Nearly 100 sheriffs attended, in addition to many police chiefs and some county councilmen. One of the encouraging things about the conference was that while many of the sheriffs there were not initially willing to risk a confrontation with the feds, they are now willing to do so after hearing the testimonies from many of their fellow constables. It was very educational for them to hear how different sheriffs have “faced down” the feds.

For example, Tony DeMeo is a former Jersey City cop who ended up getting elected as Sheriff in Nye County, Nevada. He became a pivotal player in his county by protecting citizens from an outrageous abuse of power that was perpetrated by the Bureau of Land Management.

Pro-gun activists will remember the stalwart Rep. Helen Chenoweth of Idaho who served in the 1990s. Well her husband, Wayne Hage leased acreage for his ranch from the BLM. Hage had ownership of the water rights — as long as he used the water at least once during the year.

Later, the BLM decided that Hage did not belong on the land, and so they began to confiscate his cattle. After the second theft, Hage enlisted DeMeo's assistance, which helped him deal with the BLM when they arrived a third time to confiscate even more cattle. Sheriff DeMeo confronted the BLM agents and backed them down to the point where Hage no longer had to worry about the BLM's larceny anymore.

After Hage’s death, his son won a lawsuit begun by his dad against the federales, and now a court ruling has established that the Hage family can live without fear of their government stealing their property.

It is clear that there are many sheriffs who are willing to protect their counties, but do not know what they can — and should — do. The Gun Owners online book store carries Richard Mack’s little book The County Sheriff, America’s Last Hope (http://gunowners.org/store/books). If your sheriff is not aware of his powers – and his responsibility – please give him a copy of this book.

We can put the federal Jeanie back in the bottle, one sheriff at a time.

© 2012 Larry Pratt – All Rights Reserved

Sheriff

Would you re-elect Obama?

February 15th, 2012 by

http://www.wnd.com/2012/02/100000-line-up-to-back-sheriff-joe/

Take our survey and let us know. Rewards after just ten surveys! yougov.com

 

Officials with Grassfire Nation, a key coordinating group for tea-party-type activities and issues, say the Department of Justice’s investigation of Maricopa, Ariz., County Sheriff Joe Arpaio is nothing more than a political attack.

And to offer encouragement to the sheriff, Darla Dawald, representing the Grassfire Nation group, has presented Arpaio with a petition of some 100,000 signatures from people who have declared their support for the law-enforcement officer.

Grassfire Nation supports the Patriot Action Network, which calls itself the “nation’s largest conservative social action network, involving tens of thousands of citizens,” including many tea party members.

The petition demands DOJ prove its accusations that Arpaio’s office has engaged in a policy to systematically violate the civil rights of Hispanics, which WND has reported DOJ refuses to do.

The petition claims the DOJ investigation is nothing more than a baseless, politically motivated attack on Arpaio.

“Citizens belonging to this grass roots movement who called themselves ‘Grassroots Nation’ have followed the situation and say they feel the federal government has orchestrated an attack on the Sheriff for Obama’s political gain, who hopes to ingratiate himself to the Hispanic American voting block,” the petition read.

The petition’s “Statement of Support” says:

“As a Citizen of the United States, I am declaring my support for Sheriff Joe Arpaio, the sheriff’s lawful practices in prosecuting criminal and his unflinching stand in handling the illegal immigration crisis in his home state of Arizona. I demand that the U.S. Department of Justice release any evidence involving the allegations against Sheriff Joe and his department’s practices. If proven unfounded, I demand an immediate end to the politically motivated witch-hunt against the sheriff and his department, and a public apology from Attorney General Holder.”

At the time, Arpaio noted that not only does he enforce the law, he also has his Cold Case Posse investigating Barack Obama’s birth certificate and eligibility.

Arpaio has scheduled a news conference March 1 in Phoenix to release the findings of the Cold Case Posse that has been investigating Obama’s eligibility.
 

Discover what the Constitution’s reference to “natural born citizen” means and whether Barack Obama qualifies, in the ebook version of “Where’s the REAL Birth Certificate?”

Arpaio’s decision to investigate Obama follows a meeting held in his office Aug. 17, 2011, with tea party representatives from Surprise, Ariz., who presented a petition signed by more than 250 Maricopa County residents. The petitioners expressed concern that their voting rights could be irreparably compromised if Obama uses a forged birth certificate to be placed on the 2012 presidential ballot in Arizona or otherwise is found to be ineligible.

WND previously reported that the tea party letter formally stated the following charge: “The Surprise Tea Party is concerned that no law enforcement agency or other duly constituted government agency has conducted an investigation into the Obama birth certificate to determine if it is in fact an authentic copy of 1961 birth records on file for Barack Obama at the Hawaii Department of Health in Honolulu, or whether it, or they are forgeries.”

The posse, constituted under the authority of Arpaio’s office, consists of three former law enforcement officers and two retired attorneys with law enforcement experience. It has been examining evidence since September concerning Obama’s eligibility to be president under Article 2, Section 1 of the Constitution.

The Cold Case Posse conducting the investigation has been described as a “posse within the posse,” consisting of volunteers with professional experience in conducting investigations. It includes individuals chosen because of their professional backgrounds in law enforcement, lawyers who have participated in criminal or civil cases and individuals with specialized skills in fields ranging from accounting to conducting criminal forensic examination.

The posse was constituted as a 501(c)3 organization, designed to cost the people of Maricopa County nothing, while enabling people from around the country to contribute to its mission.

In total, more than 3,000 volunteers participate in Arpaio’s posse program. The power to constitute posses is authorized to Arizona sheriffs under the state constitution.

Regarding the Department of Justice Investigation, Arpaio has told WND the issue raised by the DOJ is the sheriff’s office treatment of Hispanics. The DOJ alleges there are systematic violations of Hispanics’ federal civil rights.

However, Arpaio’s repeated requests for documentation have not generated a response.

Arpaio told Dewald that he is just doing his job.

“I serve the four million people who live in this county,” he said.

Dewald said the signatures actually represent voices of Americans “who have made a commitment to stand with Sheriff Joe and his policies to protect this great state and the nation.”

Arpaio has contended that a 22-page complaint the DOJ released Dec. 15 is nothing more than anecdotal and did not prove systematic sheriff’s department policies aimed at depriving Hispanics of their civil rights.

Nor was Arpaio concerned that the DOJ might take him and his sheriff’s office to federal court immediately, as it has threatened.

The DOJ has threatened that if Arpaio “wants to debate the facts instead of fixing the problems stated in our findings, we will do so by way of litigation.”

PATRIOT ACTION

United States Congress, the people’s servants, or the people’s enemy? You decide!

February 14th, 2012 by

 

IS IT REALLY REAL?­THE INDEFENSIBLE IS FACTUALLY INDEFENSIBLE! 
 

February 13, 2012
By Joe McCutchen

 

The Democrat party is the party of welfare, the Republican Party, the party of war.  The Republican Party hides behind the veil of small government and individual rights…nothing could be further from the truth. Observe! 
21 A-10 jet fighters based in Fort Smith vs. 30,000 Drones nationally…who do you think will win? 

Let the American ship of state weigh anchor for a moment.  During the George W. Bush administration, aside from his murdering and lying, the following police-state parcels were passed by a feckless & corrupt congress, e.g.:  The Patriot Act (rendition/torture, indefinite detainment, search & seizure without warrants) , the Military Commissions Act (violation of Posse Commitatus), the Homegrown Terrorism Act (now dissenting American citizens can be targeted), (Republican senators Graham & McCain have declared our Homeland is part of the battleground! Let that sink in!) and suddenly under the Marxist-Communist Barack Obama, the National Defense Authorization Act (enhanced interrogation <torture>, assassination, indefinite detainment of Americans arrested without legal representation or trial, either in the U.S. or to foreign soil), the SIP (Strategic Implementation Plan) act…against domestic “extremism” (want to take a crack at what government calls extremism?), and now HR 658 & the 30,000 DRONES!

Republicans have been the progenitors of all the recent unconstitutional heinous acts justified by the false flag advertised as the War on Terrorism. Both Democrat & Republican Parties have kept us mired in the Mid-East for 21 years.  Can you imagine the real cost in lives & treasure on all sides…and to what end? The same psychopathic Warmongers, along with non-thinking emotional American citizens are rattling their sabers to attack Iran.  Remember what the Founders admonished, you give up a little freedom for a little security and you lose both.  Citizens, if you believe the legislation listed above is designed to make you safer you have been watching too much O’Reilly & Hannity and other Fox sycophants…the one exception Judge Andrew Napolitano (whose program was just cancelled).

Before dissecting the very latest attack on Americans designed to remove all vestiges of privacy & freedom, compliments of the U.S. Congress, a quick look at the Arkansas Six:
1.    Senator John (“Travelin’ Man) Boozman…never saw a war he didn’t like, from afar of course, and willing volunteer lapdog for the global army–NATO.  Boozman voted for ALL of the above and voted a second time to re-up the Patriot Act.
2.    Senator Mark Pryor (hopefully the last of the 50 year political dynasty with 0 constitutional accomplishments)…. voted for all the above.
3.    Cong. Mike Ross…voted for all the above…and special credit to Ross for casting the vote to get Obamacare out of committee so it could be passed, and yes, he was rewarded $275,000 for his vote.
4.    The three lesser lights are Cong. Steve Womack, Timothy Griffin, & Rick Crawford.  In a constituent letter Griffin lied about the real purpose of the NDAA.  Womack is a big government man (both civilian & military), participant and supportive, and bragged about voting to re-up the Patriot Act, while endeavoring to impose sales tax on internet purchases. All six voted to give Obama $2.4 Trillion in Aug. 2011 & $1.4 Trillion in Jan. 2012, bringing the reported national debt to a frightening $16.4 Trillion !….they cynically call these numbers a “debt ceiling”, all 3 voted for the above congressional acts.  Boozman & Womack are the two to be feared most.
 HR 658 locks the corral gate of freedom and installs without equivocation an American Police State.  HR 658 calls for 30,000 Drones to overfly the United States for surveillance purposes (no, not for American safety), compliments of the U.S. Congress, at a cost of $63.4 billion presently. The Drones will remove any vestiges of privacy.  The source of the billions?  Since 911 there has been only 1 incident, both point to “false flags”. 

Substantial evidence suggests that 911 was an inside job performed by rogue elements of government and was quite possibly assisted by another country. The Anthrax incident had its beginning at Fort Detrick, Md. the army’s laboratory for the creation of the most sinister compounds known to man. As far back as the 50’s the then Camp Detrick Maryland was turning out compounds that were and are an affront to civilization.

The 30,000 Drones would factor out to 600 Drones per state, (you can forget the friendly skies) capable of being airborne for 50 hours. The attack on personal liberty and privacy by the federal government, accompanied by a lack of national reporting by the various mainstream news media are nothing more than accomplices for murder and civil unrest.  If you are influenced by the blathering’s of O’Reilly or Hannity you have no comprehension of the geo-political circumstance and the guaranteed blowback. With media’s failure to report truthful in-depth news, they are simply acting as a cadre of assassins. Media America has assumed the position of the Vichy government of France during WW II­criminal collaboration.

A note to citizens, and specifically the leaders of Fort Smith, AR., who do you believe to have the “winning hand”….21 A-10’s or 30,000 Drones? Madam Editor of the Times Record appears to have a disconnect with reality or she’s incredibly naïve, e.g. in a country of 300 million does she really believe a few hundred emails & faxes are going to influence the Department of Army/Department of Defense? The “mission” of the 188th is bandied around, so what is the 188th mission and is it possible the A-10’s have outlived their usefulness?
As has been stated on multiple occasions, the Arkansas Six, but not limited to, are Traitors to the good citizens of Arkansas and all Americans. Their lust for power has blinded and destroyed rational objectivity.

Most of these liberty stealing acts are being driven by Republicans and this is meant in no way to give the Democrats a pass.

Americans, both parties are criminally corrupt to the core, and as citizens continue to vote with a pragmatist mentality (the lesser of the two evils) we will surely go down in flames in the near term.
As a side note, if Gingrich, Romney, or Santorum were in power they would attack Iran today.  The 3 are pathological fools.  This certainly does not mean support for Obama.
 
Joe McCutchen
Fort Smith
 
www.arkansasfreedom.com  
 

CORRUPTION

Dependence on foreign oil and other oil industry hoaxes and scams

February 13th, 2012 by

http://ppjg.me/2012/02/12/dependence-on-foreign-oil-and-other-oil-industry-hoaxes-and-scams/

February 12, 2012 by ppjg

 

ENERGY

 Marti Oakley (c) copyright 2012

While we struggle as a nation to stay on our feet despite the mismanagement of our national debt and the number of people sliding into poverty as a result of fascism, one of the greatest scams of all times has unfolded right before our very eyes.  This scam only slightly more disgusting than the global warming/climate change/man-made climate change, or whatever the current and ever changing buzzword is this week to describe “weather”patterns.  Now we have “dependence on foreign oil”….Yep! That’s the one!

 One of the greatest all-time scams perpetrated by the oil cartels and our government is the idea that we do not produce enough gas and oil products to make us energy independent.  The fact is, we do and we always have.

According to various reports, the export of fuel in 2011 from U.S. refiners topped the markets at 117 million gallons per day of gasoline, diesel, jet fuel and other petroleum products, up from 40 million gallons per day a decade earlier.  For the first time in our history gas and oil EXPORTS were the top of the export list although they have been in the top ten exports for years!

Wait a minute!  I thought we needed to drill more!  I thought we didn’t have enough gas and oil produced domestically for us to be independent from foreign oil imports!  But we got 117 million gallons of refined fuels to ship out to other countries every single day of the week?  365 days a year? 

Gasoline supplies are being exported to the highest bidder, says Tom Kloza, chief oil analyst at Oil Price Information Service. “It’s a world market,” he says.

This just begs so many questions.  How could we possibly be dependent on foreign oil if we can ship 117 million gallons a day out of the country, never to return, of products the public thinks is in short supply right here at home?

If we are importing back into the country, 98 million gallons less per year, than we shipped out…..who is actually dependent on whom for these products?

And finally:  What is the point in shipping out products supposedly in short supply here at home and simultaneously shipping the same products back into the US but those products now produced in other countries which is now costing us more money?

Still think we need to frack, drill and contaminate groundwater supplies to produce energy?   Do you still think there will be no gas at the pump if we don’t allow BP back into the Gulf to do more damage?

Only a small portion of the gas and oil produced here in the US, stays in the US.  The bulk of crude is delivered to the global markets as per our agreement with OPEC. Whatever is produced here must be delivered to that market so that oil producers do not step on any OPEC toes and so that OPEC does not dump the failing US dollar. All OPEC production is done using the dollar. It is then bid on by other countries in that market including us.  Do not confuse crude production with refined oil and gas products.

In the first ten months of 2011, US refiners exported 848 million barrels (worth $73.4 billion) of refined fuels (not crude) and imported 750 million barrels of the same products from OPEC.  That means that we sent out 98 million gallons MORE than what we brought back in.

We are NOT dependent on foreign oil!  We are being played by the oil cartels and our own government.  As long as they can keep the public convinced that we don’t produce enough to meet our energy needs, we will continue to accept high fuel prices while we get gouged really good. The domestic supply is shorted so that the reserves we should have on hand for energy security and independence are diminished.  This translates into artificially inflated market prices based on a massive and ongoing deception. You pay for that.

Another part of this scam is the constant hand wringing regarding our “aging refineries” and the fact that we have built no new refineries for more than twenty years.  I’m guessing we don’t need any new refineries if we are refining so much oil right now that we can ship 117 million barrels of refined products out of the country each day while still contributing to US demands.  But here again:  If we can, with our aging refineries manage to ship out more refined products than the country needs, apparently the refineries we have are humming right along.

While we are hammered incessantly with TV ads and government reports stating that unless we allow oil cartels to frack us into oblivion by drilling far underground (even under your home, schools, hospitals, and into watersheds) we will continue to be dependent on foreign imports of natural gas.  Yet no one wants to talk about the Ruby pipeline that cuts across the Northern plains states that will end up being pumped into tankers headed for Asian markets (China).  Most folks think if we allow fracking to continue or expand, that somehow all that natural gas will end up in their furnace and the cost will go down when in fact, the more they frack the higher your bill is because exports will increase while imports of natural gas back into the country will also increase.

The increased release of massive amounts of methane gas driven out of the ground should not be a cause for concern as the EPA has a handle on that.  According to them, it isn’t fracking or drilling that causes the increase in methane…its cow farts.  Yes! That’s right folks!  The EPA is dead serious about the hazards of cow emissions.

How ‘bout that Keystone pipeline?  Why! It will create thousands of jobs…….and reduce our dependence on imported oil.  Well, sure it will.  The Keystone pipeline has not one thing to do with making us energy independent.  All, and I mean ALL that pipeline produces will be shipped out as quickly as they can get the pipeline flowing.  This pipeline isn’t going to help make us energy independent and it isn’t going to reduce consumer prices nor will it increase reserves.  But, we will be left with the massive damage to the environment, contaminated water supplies and air quality.

As for the damage?  Not to worry, EPA has that covered too.  Oil and gas companies are exempted totally from compliance with the Clean Water Act, Clean Air Act and from any environmental impact studies and cannot be prosecuted for the damage they do.

 

Now……don’t you feel better?

ENERGY

MAJOR NEW WEAPON IN THE FIGHT AGAINST THE U. N.

February 8th, 2012 by

 

http://www.newswithviews.com/DeWeese/tom209.htm

 

by Tom DeWeese
January 8, 2012
NewsWithViews.com

Immediate Action Needed To Drive Home A Victory

Those who are working to enforce Agenda21 operate from a three-pronged attack; Social Justice, which dictates that community needs take precedent over individual wants; Public/Private Partnerships, a dangerous melding of private corporations with government resulting in government-sanctioned monopolies; and Environmental control, which translates into the proposition that all actions by man lead to environmental Armageddon and therefore must be tightly regulated by a central force of power.

One major target in the crosshairs of this attack is private property ownership and control by individuals. Across the nation reports are pouring in of government land grabs that lock away private land in the name of protecting a sucker fish, or a spotted owl, or a historic site. The results are destroyed industries such as timber, ranching or mining. Valuable and desperately needed natural resources are put out of reach for use.

Much closer to the average homeowner, property rights are being violated as restrictions are put on a homeowner’s ability to add on to the house or make improvements. In some extreme cases, access roads to houses are disallowed; even normal repairs are interpreted as new building and are banned. There are new building restrictions that dictate the kinds of materials that may be used for building and repairs. Now private homes are being invaded by electric companies, replacing, without permission, electric meters to comply with new regulations. Homeowners are losing their ability to even control their own thermostat.

In some communities, to meet arbitrary energy restrictions, local government is forcing homeowners to install new energy efficient appliances and windows,and even new roofs, on occasion. There are reports of inspectors actually entering homes and systematically removing incandescent light bulbs and replacing them with the new green models, without the knowledge and against the will of the property owner. Repairmen are instructed to lower temperatures on water heaters as they repair them, and so forth.

In short, private property rights, meaning the control of property by the owner is fast disappearing. While Agenda 21/Sustainable Development-inspired legislation gives lip-service to private property ownership, the language usually says something like, balance the rights of individuals and property owners with the needs of the community. That line is, in fact, a direct quote from the Growth Policy for Great Falls, Montana. Such wording is nearly universal in comprehensive development plans across the nation.

That mindset is growing in local government regulations as Agenda 21 practices are enforced. The promoters understand that their policies are literally ripping apart private ownership of property, but they lack the intestinal fortitude to be honest about their actions. So they acknowledge property rights, and hope we don’t question how private control of ones own property is balanced with the needs of the community. How is that done? Who stands for the rights of the individual property owner or private business as government makes the rules to decide the needs of the community.

To defend such a policy, Non-Governmental Organizations (NGO’s) and planning professionals such as the American Planning Association (APA) which contract with local governments to create such rules, come armed with an arsenal of experts ready to defend the anti-property rights policies whenever challenged. So, if a property owner appears before the County Commissioners to complain that a certain regulation has damaged his property rights, or perhaps has damaged his ability to conduct business, for example, the NGOs immediately jump into action to defend the policy. They bring in a battery of experts with officials titles to write official sounding reports that serve to overwhelm the elected officials and cut off any honest debate. A local citizen simply has no chance to fight back against this heavily-funded, powerfully-connected onslaught.

Obviously, if Agenda 21 and its mindset of government control is to be reigned in, clearly, something needs to be done to provide a strong voice for protection and defense of the property owners. Such a plan of action has now been developed by County Commissioner Cornel Rasor of Bonner County, Idaho. He calls it a Property Rights Council.

Rasor, Chairman of his County Commission, has been an opponent of Agenda 21 and a proponent of property rights for many years. After being elected to the County Commission several years ago he recognized the threat centralized control of development posed to private property and set out to develop a strategy to protect constituents’ property rights and their right to control their own property. As a result, the concept he created is a Property Rights Council (PRC) as an official arm of the county government. It now exists in Bonner County, complete with a full time director on the County payroll.

Key to the success of a Property Rights Council is the proper definition of property rights. Scott Bauer, county attorney for Bonner County, Idaho and one of the driving forces to get it established, explained their approach in defining property rights this way: Practically speaking for each PRC case -file we translate the expression ”property right” with the expression ”control right.” We take a property right to be a right to control some asset, resource, or physical thing. A PRC case is analyzed in terms of whether the proposal advances public control or private control (code for public/socialized property or private property). Property controlled by a ‘public entity’ is property controlled by an entity that utilizes a measure of socially sanctioned coercion to control the private assets in its possession and to take those assets from private individuals or groups without their full/complete consent. Applying this to land-use controls, new proposed zoning (anti- development or anti-use controls) socialize preexisting privately controlled real property and place it coercively into public control. Using this framework the PRC looks for the mix of public/private control over an asset or assets and promotes more private control and less public.

Further, Bauer explains that the root property rights philosophy used in the PRC is based on John Locke’s theories of natural property rights. This is the same root used by America’s founding fathers, especially Thomas Jefferson, when they created the US constitution. So using such definition as the basis of PRC policy is right in line with imposing Constitutional law through PRC decisions.

Here’s how the Property Rights Council works, as both a protector for property owners and as an official advocate for private property rights: A PRC is a citizen’s council of between 7 – 9 citizen volunteers, vetted and approved by the County Commission and assigned the task of researching and offering free market recommendations to resolve property rights conflicts.

The mission of the PRC is to review county government activities and inter-governmental activities to determine whether the activities may cause adverse impact to private property rights. The PRC then is charged with supplying to county officials an opinion on that impact. The review includes study of county, state and federal regulations to assure County Commissioners are aware of their impact on property rights and help them prepare proper action that, at all times, assures protection of private property rights in the legal framework of local government. In short, the PRC does the research and provides free market solutions to elected officials that don’t normally have the time or education to do so.

The PRC will also be charged with training county employees to look for property rights violations as they go about their daily tasks in running county government. This could impact the permit process; the way inspectors treat property owners; elimination of invasive or unnecessary regulations; and over-zealous ticket writers.

Perhaps of most importance, the PRC provides the framework for countering the Sustainablist’s legal assault. Specifically, the PRC will interface with a network of free market think tanks which can and will provide legal opinions, reports, and even lawyers to substantiate the property rights legal position. They provide expertise, credibility and a legal force to counter the massive force of the Sustainablists that now overwhelm county officials when a property rights question is at issue. There is a nation-wide network of free market think tanks through the State Policy Network (SPN).There are other such think tanks available in every state. So, when a constituent comes before the Commission with a complaint, now he will not be alone. He will benefit from the PRC’s efforts to protect his rights.

The PRC will deal with issues ranging from wetlands regulations that usurp private property rights; watershed overlays; and zoning. The process can be used to determine the damage caused by such federal regulations as Endangered Species, Conservation Easements, EPA regulations on water and energy use, etc. Decisions made by one PRC could have far reaching effect on those made by other PRCs across the nation. A national database can be established of pending and resolved issues, providing guidance to other PRCs. It will be a precedent-setting decision-making body that could mark the beginning of the restoration of property rights for all Americans.

To assure the PRC contains the proper members (those who advocate and support private property rights) it will be vitally important that the County Commission submit applicants to intense scrutiny as to their ideas and philosophy. PRC members can request the dismissal of another PRC member for cause. The public can request a PRC member be removed for cause. There will be term limits for each member to assure constant movement in the council. The members of the Council will be volunteers.

 

Commissioner Rasor and Bonner County attorney Scott Bauer are succeeding, under great pressure and criticism, to establish a Property Rights Council to protect citizens and their property from the massive force of the planners who are implementing Sustainable Development across the nation. Their goal now is to help others establish such councils in every community, in every state.

Rasor and Bauer are making themselves available to anyone seeking to create a council. They have created tools and an action plan to help local activists start the process to create their own local PRC. They will teach those interested how to lay the ground work; how to select and approach the proper commissioner to get the ball rolling in their community; and finally to get the whole concept on the docket for consideration. To help with that process, Karen Bracken, a property rights activist from Tennessee is serving as the main contact to help activists get started with their own Property Rights Council. Karen will provide preliminary information, and as the process moves forward, she will connect activists directly with Commissioner Rasor and Scott Bauer for more detailed planning. Karen can be reached at her email address.

Contact Karen and get started in the battle to secure private property rights as the first step to countering the massive fire power of the vast network of planning advocates, self-appointed stakeholders, and NGOs that have invaded communities across the nation to enforce top-down control over every aspect of your life and property. Property Rights Councils can and will be the ultimate weapon to defeat Agenda 21 and restore freedom.

© 2012 Tom DeWeese – All Rights Reserved

Related Articles:

1- Tea Party Candidate Warns of UN and Obama's Agenda 21


Tom DeWeese is one of the nation’s leading advocates of individual liberty, free enterprise, private property rights, personal privacy, back-to-basics education and American sovereignty and independence.

A native of Ohio, he’s been a candidate for the Ohio Legislature, served as editor of two newspapers, and has owned several businesses since the age of 23. In 1989 Tom led the only privately-funded election-observation team to the Panamanian elections. In 2006 Tom was invited to Cambridge University to debate the issue of the United Nations before the Cambridge Union, a 200 year old debating society. Today he serves as Founder and President of the American Policy Center and editor of The DeWeese Report

For 40 years Tom DeWeese has been a businessman, grassroots activist, writer and publisher. As such, he has always advocated a firm belief in man’s need to keep moving forward while protecting our Constitutionally-guaranteed rights.

The DeWeese Report , 70 Main Street, Suite 23, Warrenton Virginia. (540) 341-8911

E-Mail: admin@americanpolicy.org

E-Mail: ampolicycenter@hotmail.com

Website: www.americanpolicy.org

 

AGENDA 21


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