Mar 23

(NaturalNews) It’s amazing that the day before the health care “reform” bill is passed in America, the FDA announces that one of the most popular statin drugs sold in America causes so much kidney damage that it might kill you. And then the day after this health care bill passes, the FDA announces that a popular rotovirus vaccine made by Merck is being halted because it is contaminated with a mysterious DNA sequence from a pig virus called porcine circovirus type 1 or PCV-1.

The reason this is important is because cholesterol drugs and vaccines represent what conventional American medicine is all about: Drugs and injections. It’s not about health and prevention; it’s about drugs and injections (and surgery too, of course).

And the legislation that was just passed is focused entirely on how to expand the failed system of drugs and injections so that it causes harm to everyone rather than just those who voluntarily choose to be suckered into it. This is the medical equivalent of a wartime draft that forces soldiers into battle against their will. Except this isn’t a war against some foreign enemy — it’s a war being waged against your body by the pharmaceutical industry, the cancer industry, the surgery pushers and all the corporations that prey upon the public for their sick-care profits.
Continue reading »

Tags: , , , , , , , , , , , , , ,

Mar 23

vaccine_baby
About 1 million children in the United States and about 30 million worldwide have gotten Rotarix vaccine, the FDA says.

(CNN) — Federal health authorities recommended Monday that doctors suspend using Rotarix, one of two vaccines licensed in the United States against rotavirus, saying the vaccine is contaminated with material from a pig virus.

“There is no evidence at this time that this material poses a safety risk,” Food and Drug Administration Commissioner Dr. Margaret Hamburg told reporters in a conference call.

Rotarix, made by GlaxoSmithKline, was approved by the FDA in 2008. The contaminant material is DNA from porcine circovirus 1, a virus from pigs that is not known to cause disease in humans or animals, Hamburg said. Continue reading »

Tags: , , , , , , , , ,

Mar 23

Highly recommended reading!


monsantoland

People say if farmers don’t want problems from Monsanto, just don’t buy their GMO seeds.
Not so simple.  Where are farmers supposed to get normal seed these days?  How are they supposed to avoid contamination of their fields from GM-crops?  How are they supposed to stop Monsanto detectives from trespassing or Monsanto from using helicopters to fly over spying on them?

Monsanto contaminates the fields, trespasses onto the land taking samples and if they find any GMO plants growing there (or say they have), they then sue, saying they own the crop.  It’s a way to make money since farmers can’t fight back and court and they settle because they have no choice. .And they have done and are doing a bucket load of things to keep farmers and everyone else from having any access at all to buying, collecting, and saving of NORMAL seeds.

1.  They’ve bought up the seed companies across the midwest.

2.  They’ve written Monsanto seed laws and gotten legislators to put them through, that make cleaning, collecting and storing of seeds so onerous in terms of fees and paperwork and testing and tracking every variety and being subject to fines, that having normal seed becomes almost impossible (an NAIS approach to wiping out normal seeds).  Does your state have such a seed law?  Before they existed, farmers just collected the seeds and put them in sacks in the shed and used them the next year, sharing whatever they wished with friends and neighbors, selling some if they wanted.  That’s been killed.

In Illinois which has such a seed law, Madigan, the Speaker of the House, his staff is Monsanto lobbyists.

3.  Monsanto is pushing anti-democracy laws (Vilsack’s brainchild, actually) that remove community’ control over their own counties so farmers and citizens can’t block the planting of GMO crops even if they can contaminate other crops.  So if you don’t want a GM-crop that grows industrial chemicals or drugs or a rice growing with human DNA in it, in your area and mixing with your crops, tough luck.

Check the map of just where the Monsanto/Vilsack laws are and see if your state is still a democracy or is Monsanto’s.  A farmer in Illinois told me he heard that Bush had pushed through some regulation that made this true in every state.  People need to check on that.

4.  For sure there are Monsanto regulations buried in the FDA right now that make a farmer’s seed cleaning equipment illegal (another way to leave nothing but GM-seeds) because it’s now considered a “source of seed contamination.”  Farmer can still seed clean but the equipment now has to be certified and a farmer said it would require a million to a million and half dollar building and equipment … for EACH line of seed.  Seed storage facilities are also listed (another million?) and harvesting and transport equipment.  And manure.  Something that can contaminate seed.  Notice that chemical fertilizers and pesticides are not mentioned.

You could eat manure and be okay (a little grossed out but okay).  Try that with pesticides and fertilizers.  Indian farmers have.  Their top choice for how to commit suicide to escape the debt they have been left in is to drink Monsanto pesticides.

5.  Monsanto is picking off seed cleaners across the Midwest.  In Pilot Grove, Missouri , in Indiana (Maurice Parr ), and now in southern Illinois (Steve Hixon).  And they are using US marshals and state troopers and county police to show up in three cars to serve the poor farmers who had used Hixon as their seed cleaner, telling them that he or their neighbors turned them in, so across that 6 county areas, no one talking to neighbors and people are living in fear and those farming communities are falling apart from the suspicion Monsanto sowed.  Hixon’s office got broken into and he thinks someone put a GPS tracking device on his equipment and that’s how Monsanto found between 200-400 customers in very scattered and remote areas, and threatened them all and destroyed his business within 2 days.

Continue reading »

Tags: , , , , , , , , , , , , ,

Mar 23

Secret operation ‘reporting only to London’ deprived prisoners of sleep, documents show

torture
Iraqi prisoners were forced to stay in ‘stress positions’

Fresh evidence has emerged that British military intelligence ran a secret operation in Iraq which authorised degrading and unlawful treatment of prisoners. Documents reveal that prisoners were kept hooded for long periods in intense heat and deprived of sleep by defence intelligence officers. They also reveal that officers running the operation claimed to be answerable only “directly to London”.

The revelations will further embarrass the British government, which last month was forced to release documents showing it knew that UK resident and terror suspect Binyam Mohamed had been tortured in Pakistan.

The latest documents emerged during the inquiry into Baha Mousa, an Iraqi hotel worker beaten to death while in the custody of British troops in September 2003. The inquiry is looking into how interrogation techniques banned by the Government in 1972 and considered torture and degrading treatment were used again in Iraq.

Lawyers believe the new evidence supports suspicions that an intelligence unit – the Joint Forward Interrogation Team (JFIT) which operated in Iraq – used illegal “coercive techniques” and was not answerable to military commanders in Iraq, despite official denials it operated independently. Continue reading »

Tags: , , , , , , ,

Mar 22

barack_obama
More change we can believe in!

(NaturalNews) Today the medical mafia struck another devastating blow to the health and freedom of all Americans. With the support of an inarguably corrupt Congress that has simply abandoned the real needs of the American people, the sick-care industry has locked in a high-profit scheme of disease and monopoly-priced pharmaceuticals in a nation that can ill afford either one.

And this Pharma-funded betrayal, it turns out, was led by the Democrats. Passed on a 219-212 vote that was only accomplished thanks to closed-door, last-minute secret meetings among the last holdouts, this new legislation puts America under the stranglehold of the medical mafia while doing absolutely nothing to address real health care reform. There is no mention in the bill, for example, of vitamin D for preventing cancer, or orthomolecular medicine for preventing degenerative disease. There’s not even a word about protecting health freedom or ending the century of oppression that has been waged against naturopathic practitioners by the AMA, FDA and FTC.

The new legislation does, however, lock in billions of dollars in monopoly profits for the pharmaceutical companies — the same companies who spent millions of dollars pushing for its passage and who depend on the continuation of sickness and disease for their future profits.

There’s only one problem with this health care reform bill: It doesn’t reform health care. It has almost nothing to do with health care at all, in fact: It’s really more of an effort to expand a broken sick-care system. When faced with the problem that our sick-care system doesn’t work, Congress somehow decided that fixing the problem merely involved expanding the failures to include everyone!

Continue reading »

Tags: , , , , , , , , , ,

Mar 22

Alan Greenspan Has Done More Damage To Our Country Than Any Single American In US history.


Added: 21st Mar 10

Tags: , , , , , , ,

Mar 22

The majority of Americans was against the health care bill. They have bombarded their representatives with an unprecedented amount of telephone calls, but their representatives voted for it anyway.

Doomed!


barack-obama-joe-biden
President Obama, with Vice President Joe Biden, makes a statement to the nation after the passage of healthcare legislation. “We rose above the weight of our politics,” he said. (Pablo Martinez Monsivais / Associated Press / March 21, 2010)

March 22 (Bloomberg) — The U.S. House passed the most sweeping health-care legislation in four decades, rewriting the rules governing medical industries and ensuring that tens of millions of uninsured Americans will get medical coverage.

President Barack Obama will sign the health-care package into law at the White House tomorrow, said an administration official who spoke on condition of anonymity because it hasn’t been publicly announced.

Yesterday’s 219-212 vote marks a victory for Obama. Only Democrats voted for the legislation, underscoring a partisan divide that promises to make health care the defining issue in November’s congressional elections.

Lawmakers hailed the action as a historic follow-up to the 1965 creation of the Medicare program (which is broke!) for the elderly and a way to mitigate soaring health costs that make up a sixth of the U.S. economy. It came after a last-minute deal with anti- abortion Democrats and a lobbying trip by Obama to the Capitol. Continue reading »

Tags: , , , , ,

Mar 22

bittorrent

File sharing just became legal in Spain, changing the rules on what is legal, and what is fair.

In a court ruling that will surely shake the Spanish and European legal scene for years to come, a Spanish judge has today declared not only that sites containing links to copyrighted information are legal, but that torrenting copyrighted information for non-profit reasons is also inside of the law.

If you think that we are in some way confused, or kidding, here is a quote from the judge in question:

“P2P networks are mere conduits for the transmission of data between Internet users, and on this basis they do not infringe rights protected by Intellectual Property laws”

It is hard to confuse what that means. Provided that the sharer of the information is not profiting (garnering any revenues whatsoever), off of the transfer, then the action is legal now in Spain according to this new precedent. Continue reading »

Tags: , , , , ,

Mar 22

See also:

- False Flag: The Attack on the USS Liberty

- Dead In The Water – The Sinking of the USS Liberty (BBC)

And the video magically disappeared AGAIN on YouTube!!!

Funny thing how SATANIST Lady Gaga videos get easily millions of views and real info is getting taken down or manipulated all of the f****** time.



YouTube


YouTube


YouTube


YouTube

Dr. Alan Sabrosky, former director of studies at the US Army War College says that the military brass now know that Israel “and those traitors within our nation” committed the 911 attack.

……”I have had long conversations over the last two weeks with contacts at the Army War College and the headquarters, Marine Corps and I’ve made it absolutely clear in both cases that it is 100% certain that 9/11 was a Mossad operation.” Period.

……”There are some really, really unhappy people up there…….astonishment was the first thing…..they didn’t know, they truly didn’t know……and the next statement is rage…real rage”

……” The Zionists are playing this as an all-or-nothing exercise. If they lose this one, they’re done…..”

More on 9/11:

Continue reading »

Tags: , , , , , , , , , , , , ,

Mar 22


Added: 19th Mar 10

Tags: , ,

Mar 21

There is no recovery!


A story that is not getting nearly enough attention is the ruinous fiscal meltdown occurring in state after state, all across the country.

Taxes are being raised. Draconian cuts in services are being made. Public employees are being fired. The tissue-thin national economic recovery is being undermined. And in many cases, the most vulnerable populations — the sick, the elderly, the young and the poor — are getting badly hurt.

Arizona, struggling with a projected $2.6 billion budget shortfall, took the drastic step of scrapping its Children’s Health Insurance Program. That left nearly 47,000 low-income children with no coverage at all. Gov. Jan Brewer is also calling for an increase in the sales tax. She said, “Arizona is navigating its way through the largest state budget deficit in its long history.”

In New Jersey, the newly elected governor, Chris Christie, has proposed a series of budget cuts that, among other things, would result in public schools receiving $820 million less in state aid than they had received in the prior school year. Some well-off districts would have their direct school aid cut off altogether. Poorer districts that rely almost entirely on state aid would absorb the biggest losses in terms of dollars. They’re bracing for a terrible hit.

For all the happy talk about “no child left behind,” the truth is that in Arizona and New Jersey and dozens of other states trying to cope with the fiscal disaster brought on by the Great Recession, millions of children are being left far behind, and many millions of adults as well. Continue reading »

Tags: , , , , ,

Mar 21

WASHINGTON (Reuters) – Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.

Nearly 200 metropolitan areas reported jobless rates of at least 10 percent in January, showing that unemployment problems persist at the local level.

California has been especially hard hit during the recession that began in late 2007, and the Labor Department data showed the state’s jobs situation continues to deteriorate, with an overall unemployment rate of 12.5 percent in January.

The three areas with the highest jobless rates in the country, all above 20 percent, were all located in California, the most populous U.S. state. Continue reading »

Tags: , ,

Mar 21

polar-bear
Since 1970 the world’s polar bear population has “declined” from 5,000 to 25,000

Oops! There go another two bricks, tumbling out of the IPCC wall of deceit on man-made global warming – there is not a lot left now; even the Berlin Wall (to which the AGW construct is ideologically allied) has survived better. Unhappily for Al, Phil, Michael, George and the rest of the scare-mongers, these two discredited components are among the most totemic in the AGW religion.

Firstly, a new study, funded by Nasa (which may be feeling the need to rehabilitate itself post-Climategate) has revealed that the ridiculous claim in the notorious IPCC 2007 report that up to 40 per cent of the Amazon rainforest could be drastically affected by even a small reduction in rainfall caused by climate change, so that the trees would be replaced by tropical grassland, is utter nonsense. That assertion has already been exposed as derived from a single report by the environmentalist lobby group WWF.

Now Dr Jose Marengo, a climate scientist with the Brazilian National Institute for Space Research and himself a member of the IPCC, says: “The way the WWF report calculated this 40 per cent was totally wrong, while (the new) calculations are by far more reliable and correct.” These calculations were done by researchers at Boston University and were published in the scientific journal Geophysical Research Letters. They used satellite data to study the drought of 2005, when rainfall fell to the lowest in living memory, and found that the rainforest suffered no significant effects.

So, the rainforest scare, like the Himalayan glaciers panic, is garbage. A further encouraging feature of this development is that genuine scientists are increasingly becoming emboldened to challenge the IPCC’s junk science: the Academy is beginning to reassert its integrity. AGW without withered rainforests is Hamlet without the prince. It was one of those emotive claims much invoked by priggish children in the voice-overs of nanny-state “green” commercials, lecturing their elders on the stewardship of the planet.

An even bigger tear-jerker was the plight of polar bears, bolstered by carefully cropped photographs of lonely bears stranded on fast-melting icebergs, doomed to extinction. That is the second brick that has fallen out of the IPCC wall. The official legend is that polar bears are threatened with extinction by global warming. The IUCN Polar Bear Specialist Group, which has bought into global warming in a big way, has claimed that, of the 19 sub-populations of polar bears (13 of them in Canada, home to 60 per cent of polar bears), eight are declining, three are stable, one is increasing and there is insufficient data on the remaining seven. Continue reading »

Tags: , , , , , , ,

Mar 21


Added: 19th Mar 10

Tags: , , , , , , ,

Mar 21

john-lipsky-first-deputy-managing-director-of-the-imf
John Lipsky, first deputy managing director of the International Monetary Fund (IMF), sits for a photograph following a television interview outside the Jackson Lake Lodge in Moran, Wyoming, on Aug. 20, 2009. (Bloomberg)

March 21 (Bloomberg) — Advanced economies face “acute” challenges in tackling high public debt, and unwinding existing stimulus measures will not come close to bringing deficits back to prudent levels, said John Lipsky, first deputy managing director of the International Monetary Fund.

All G7 countries, except Canada and Germany, will have debt-to-GDP ratios close to or exceeding 100 percent by 2014, Lipsky said in a speech today at the China Development Forum in Beijing. Already this year, the average ratio in advanced economies is expected to reach the levels seen in 1950, after World War II, he said. The government debt ratio in some emerging market nations had also reached a “worrisome level.”

“This surge in government debt is occurring at a time when pressure from rising health and pension spending is building up,” Lipsky said. Stimulus measures account for about one-tenth of the projected debt increase, and rolling them back won’t be enough to bring deficits and debt ratios back to prudent levels.

Rising public debt could lead governments to seek to eliminate it through inflation or even default if they fail to carry out fiscal measures in time, Mohamed A. El-Erian, co-chief investment officer at Pacific Investment Management Co. warned earlier this month. Nassim Nicholas Taleb, author of “The Black Swan,” a book arguing that unforeseen events can roil markets, said March 12 he is concerned about hyperinflation as governments around the world take on more debt and print money.

Budget Deficit

The U.S. budget deficit widened to a record in February as the government spent more to help revive the economy. The gap grew to $221 billion after a shortfall of $194 billion in February 2009, the Treasury Department said on March 10. The figures indicate the deficit this year will probably surpass the record $1.4 trillion in the fiscal year that ended in September. Continue reading »

Tags: , , , , , ,

Mar 21


Added: 23. Januar 2010

The rain water was tested by government labs:

Aluminum (780 times over the save level.)

Arsenic (593 times over the save level.)

Manganese (4000 times over the save level.)

Barium (300 times over the save level.)

Zinc (8000 times over the save level.)

Iron (2000 times over the save level.)

Boron (4000 times over the save level.)

New World Order already controlling population with poisoned water and air


Added: 9. Februar 2010

Tags: , , , , , , , , , , , , , , , , ,

Mar 21

Keynesianism (Deficit Spending, Obamanomics) in general is outdated and wrong.

Interesting article nevertheless.


The latest U.S. Treasury Z1 Flow of Funds report was released on March 11, 2010, bringing the data current through the end of 2009. What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. Any economic theory, formula, or relationship that does not consider this non-linear relationship of DEBT and phase transition is destined to fail.

It explains the “jobless” recoveries of the past and how each recent economic cycle produces higher money figures, yet lower employment. It explains why we are seeing debt driven events that circle the globe. It explains the psychological uneasiness that underpins this point in history, the elephant in the room that nobody sees or can describe.

(Click on images to enlarge.)

diminishing-productivity-of-debt-in-the-us-economy

This is a very simple chart. It takes the change in GDP and divides it by the change in Debt. What it shows is how much productivity is gained by infusing $1 of debt into our debt backed money system.

Back in the early 1960s a dollar of new debt added almost a dollar to the nation’s output of goods and services. As more debt enters the system the productivity gained by new debt diminishes. This produced a path that was following a diminishing line targeting ZERO in the year 2015. This meant that we could expect that each new dollar of debt added in the year 2015 would add NOTHING to our productivity.

Then a funny thing happened along the way. Macroeconomic DEBT SATURATION occurred causing a phase transition with our debt relationship. This is because total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP!

This is mathematical PROOF that debt saturation has occurred. Continuing to add debt into a saturated system, where all money is debt, leads only to future defaults and to higher unemployment. Continue reading »

Tags: , , , , , , , , , ,

Mar 20

‘Deeming’ vs. the Constitution

97756811WM005_SPEAKER_PELOS
Speaker of the House Nancy Pelosi


House Speaker Nancy Pelosi says she will ram the unpopular Senate health bill through the House without a vote. Article 1, Sect. 7 of the Constitution says she can’t.

Many House Democrats are reluctant to go on record in support of the Senate bill. Pelosi’s strategy is to “deem” it passed, go straight to a vote on a package of reconciliation “fixes” and then present both the Senate bill and reconciliation package to the president for signing.

In recent years, the US Supreme Court has twice struck down attempts to abbreviate the lawmaking process required by Article 1, Sect 7. Though it’s been used before on less controversial legislation, Pelosi’s tactic won’t survive a constitutional challenge.

* In INS v. Chadha (1982), the high court ruled 7-2 that lawmaking must follow the steps laid out in the Constitution. Foreign student J.R. Chadha (from Kenya, ironically) convinced the Immigration and Naturalization Service to suspend his deportation. The House, acting without the Senate or president, voted to overturn the INS suspension via a “legislative veto” — a device created by prior law to give either house of Congress the means to overturn certain executive decisions.

Chadha challenged the constitutionality of that arrangement and won. The Supreme Court ruled that the House’s action was “legislative” in nature — and declared that lawmaking is “subject to the procedural requirements of Art. 1, Sect. 7 for legislative action: passage by a majority of both houses and presentation to the president.” Anything less is unconstitutional.

Article 1 states: “The votes of both Houses shall be determined by yeas and nays, and the names of the persons voting for and against the bill shall be entered on the Journal of each House respectively.” Continue reading »

Tags: , , , , , , , ,

Mar 20

(Reuters) – The Swiss Catholic Church is investigating around 10 allegations of abuse by clergy, including some acts committed since 2001, making Switzerland the latest country to be hit by a wave of scandal sweeping Europe.

In a pastoral letter on Saturday, Pope Benedict apologized to victims of child sex abuse by clergy in Ireland and ordered an official inquiry there.

The Swiss Bishops’ Conference said the Pope’s letter confirmed the church in Switzerland had acted correctly in dealing with cases of abuse, and added that it had already worked together with victims to report abuse to the authorities.

“The letter supports the guidelines that the Church introduced for cases of sexual abuse in 2002,” said Conference spokesman Walter Mueller.

The Diocese of Chur, in eastern Switzerland, said it was investigating around 10 complaints of abuse. “Our primary goal now is to help the victims,” the bishop’s representative, Christoph Casetti, told national Swiss television station SF1.

The abbot of a monastery in the diocese said at least three of the 77 monks at Einsiedeln had committed acts of abuse since he took up office in December 2001, but no legal action had been taken in any of the cases. Continue reading »

Tags: , , , , , ,

Mar 20

Boy Scouts coverup of sex abuse alleged

sexual-abuse-of-boy-scouts-by-scout-leaders
(Credit: CBS Graphic)

(AP) — The Boy Scouts of America has long kept an extensive archive of secret documents that chronicle the sexual abuse of young boys by Scout leaders over the years.

The “perversion files,” a nickname the Boy Scouts are said to have used for the documents, have rarely been seen by the public, but that could change in the coming weeks in a Portland, Ore., courtroom.

The attorney for a man who was allegedly molested in the 1980s by a Scout leader has obtained about 1,000 Boy Scouts sex files and is expected to release some of them at a trial that began Wednesday. The lawyer says the files show the organization has covered up abuse for decades.

On Friday, testimony from a Mormon bishop responsible for a Scout troop of church members suggested that the Scouts never provided training about spotting abuse or preventing it. Continue reading »

Tags: , , , , , ,

Mar 20

aipac_rules_america


WASHINGTON, March 10 /PRNewswire-USNewswire/ — Declassified files detailing an FBI investigation targeting the American Israel Public Affairs Committee are now available on the Internet.  AIPAC was investigated after it acquired and circulated classified government information provided in strict confidence by US industry and worker groups opposed to AIPAC sponsored economic legislation.

The 50 pages now available as portable document files (PDF) include:

FBI reports of Israelis circulating classified documents in the US Congress, “compromising” the authority of the U.S. President.    http://irmep.org/ila/economy/06201984.pdf

US Trade Representative concerns that AIPAC was tactically “divulging” classified information supplied by US industries opposed to AIPAC lobbying initiatives.  http://irmep.org/ila/economy/06211984.pdf

Reports from the International Trade Commission that AIPAC and Israeli operatives “usurped” US government authority and that an Israeli intelligence service operative was working undercover on AIPAC’s staff:   http://irmep.org/ila/economy/08131984r.pdf

Internal Department of Justice prosecutorial opinions that “theft of government property” had occurred:  http://irmep.org/ila/economy/08301984.pdf

An FBI director order that the Washington Field office give the AIPAC investigation top priority after Israeli spy Jonathan Pollard was caught on video surveillance stealing classified US national defense information:  http://irmep.org/ila/economy/11151985.pdf

FBI special agent interviews of Israeli minister of economics Dan Halpern who claimed diplomatic immunity.  Halpern admitted passing classified US documents to AIPAC but refused to name his source: http://irmep.org/ila/economy/03071986DHALERN.pdf

FBI special agent interviews of AIPAC’s former director of legislative affairs detailing how he made copies of the classified documents for AIPAC’s lobbying use after being ordered to return them to the US government.   http://irmep.org/ila/economy/02131986DB.pdf

FBI interviews of key AIPAC employees involved in handling the classified US government information (full document listing):  http://irmep.org/ila/economy/ Continue reading »

Tags: , , , , , , , ,

Mar 20

Related articles:

- FDIC Reports 27 Percent Jump In Problem US Banks

- FDIC Report: ‘We Were Broke And Getting Broker’


Regulators shut 7 banks in Alabama, Georgia, Minnesota, Ohio and Utah

bank-failure

WASHINGTON (AP) — Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.

The closings follow the 140 that succumbed in 2009 to mounting loan defaults and the recession.

The Federal Deposit Insurance Corp. took over First Lowndes Bank, in Fort Deposit, Ala.; Appalachian Community Bank in Ellijay, Ga.; Bank of Hiawassee, in Hiawassee, Ga.; and Century Security Bank in Duluth, Ga.

The agency also closed down State Bank of Aurora, in Aurora, Minn.; Advanta Bank Corp., based in Draper, Utah; and American National Bank of Parma, Ohio.

The FDIC was unable to find a buyer for Advanta Bank, which had $1.6 billion in assets and $1.5 billion in deposits. The regulatory agency approved the payout of the bank’s insured deposits and it said checks to depositors for their insured funds will be mailed on Monday.

The failure of Advanta Bank is expected to cost the federal deposit insurance fund $635.6 million.

For the other banks: Continue reading »

Tags: , , , ,

Mar 20

See also: Obamacare Tax Hikes


Wall Street Journal, US House Republicans Say Health Bill Expands IRS Power:

House Republicans said Thursday that the health care overhaul will expand IRS authority by giving agents the power to verify acceptable health care coverage and fine or confiscate the tax refunds of Americans without coverage.

Republican members of the House Ways and Means Committee, a panel that oversees taxes and health issues, also charged that IRS audits will likely increase if health care legislation is passed. They added the IRS will require up to $10 billion to administer the new program. They also claimed the IRS may need to hire 16,500 additional employees.

“This dangerously expands IRS authority,” said Representative David Camp, (R., Mich.), the ranking Republican on the Committee on Ways and Means. “Most Americans will find it shocking and troubling.”

Prior TaxProf Blog coverage:

March 19, 2010

Prof. Paul L. Caron
Associate Dean of Faculty
Charles Hartsock Professor of Law
Univ. of Cincinnati College of Law

Source: TaxProf Blog

More on Obamacare:

Continue reading »

Tags: , , , , , ,

Mar 20

Washington (CNSNews.com) – The White House declined on Thursday to rule out that President Barack Obama might sign future legislation, such as an immigration reform measure, that has not been put to a recorded yea-or-nay vote in both houses of Congress.

CNSNews.com asked White House Spokesman Robert Gibbs about the possibility of the president doing so because of a prospective lawsuit that Landmark Legal Foundation President Mark Levin has prepared to file against the president if he signs a health care bill that has not been passed by a direct recorded yea-or-nay vote in the House of Representatives.  The prospective lawsuit argues that the plain language of Article 1, Section 7 of the Constitution requires that both houses of Congress hold recorded yea-or-nay votes on a bill before it can be presented to the president for his signature and before it can become law.

“I stated earlier that when this (health care) bill passes the House, the president will be happy to sign it,” Gibbs told CNSNews.com.

He twice declined to say, however, whether President Obama would rule out signing additional pieces of legislation that did not pass both chambers of Congress with a yea-or-nay vote.

CNSNews.com asked Gibbs: “Mark Levin, with the Landmark Legal Foundation, has prepared a suit against the president if he signs the health care bill not passed by the House with a recorded yea-or-nay vote required by Article 1 Section 7. My question on that is: Will the president rule out signing other bills, such as immigration reform, or finance reform you mentioned earlier, that are not subject to a recorded yea-or-nay vote in both chambers?”

Gibbs answered: “Again, this is–I think we’ve discussed on a number of occasions, certainly the last time we met inside – that this was the type of thing, the type of rule that you’ve seen pass on any number of instances. So, I understand that there are those that want to discuss this as being a unique thing. It is not. I stated earlier that when this bill passes the House, the president will be happy to sign it.”

CNSNews.com followed-up: “Is that still a constitutional argument in favor of it? That it has been done before?” Continue reading »

Tags: , , , , , , , ,

Mar 20

* Charleston man surprised when he found one while camping with daughter

Last month, Herman Jacob took his daughter and her friend camping in the Francis Marion National Forest. While poking around for some firewood, Jacob noticed a wire. He pulled on it and followed it to a video camera and antenna.

The camera didn’t have any markings identifying its owner, so Jacob took it home and called law enforcement agencies to find out if it was theirs, all the while wondering why someone would station a video camera in an isolated clearing in the woods.

He eventually received a call from Mark Heitzman of the U.S. Forest Service.

In a stiff voice, Heitzman ordered Jacob to turn it back over to his agency, explaining that it had been set up to monitor “illicit activities.” Jacob returned the camera but felt uneasy.

Why, he wondered, would the Forest Service have secret cameras in a relatively remote camping area? What do they do with photos of bystanders? Continue reading »

Tags: , , , , ,

Mar 19

federal-reserve
The U.S. Federal Reserve (Bloomberg)

March 19 (Bloomberg) — The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said.

The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released.

The Fed had argued that disclosure of the documents threatens to stigmatize borrowers and cause them “severe and irreparable competitive injury,” discouraging banks in distress from seeking help. A three-judge panel of the appeals court rejected that argument in a unanimous decision.

The U.S. Freedom of Information Act, or FOIA, “sets forth no basis for the exemption the Board asks us to read into it,” U.S. Circuit Chief Judge Dennis Jacobs wrote in the opinion. “If the Board believes such an exemption would better serve the national interest, it should ask Congress to amend the statute.”

The opinion may not be the final word in the bid for the documents, which was launched by Bloomberg LP, the parent of Bloomberg News, with a November 2008 lawsuit. The Fed may seek a rehearing or appeal to the full appeals court and eventually petition the U.S. Supreme Court. Continue reading »

Tags: , , , , , ,

Mar 19

Legislation to Establish Internment Camps on US Military Bases

fema-camps
FEMA Camps Courtesy of Google Earth (Click on image to enlarge.)

The Economic and Social Crisis

The financial meltdown has unleashed a latent and emergent social crisis across the United States.

What is at stake is the fraudulent confiscation of lifelong savings and pension funds, the appropriation of tax revenues to finance the trillion dollar “bank bailouts”, which ultimately serve to line the pockets of the richest people in America.

This economic crisis is in large part the result of financial manipulation and outright fraud to the detriment of entire populations, leading to a renewed wave of corporate bankruptcies, mass unemployment and poverty.

The criminalization of the global financial system, characterized by a “Shadow Banking” network has resulted in the centralization of bank power and an unprecedented concentration of private wealth.

Obama’s “economic stimulus” package and budget proposals contribute to a further process of concentration and centralization of bank power, the cumulative effects of which will eventually resul in large scale corporate, bankruptcies, a new wave of foreclosures not to mention fiscal collapse and the downfall of State social programs. (For further details see Michel Chossudovsky, America’s Fiscal Collapse, Global Research, March 2, 2009).

The cumulative decline of real economic activity backlashes on employment and wages, which in turn leads to a collapse in purchaisng power. The proposed “solution” under the Obama administration contributes to exacerbating rather than alleviating social inequalities and the process of wealth concentration.

The Protest Movement

When people across America, whose lives have been shattered and destroyed, come to realize the true face of the global “free market” system, the legitimacy of  Wall Street, the Federal Reserve and the US administration will be challenged.

A latent protest movement directed against the seat of economic and political power is unfolding.

How this process will occur is hard to predict. All sectors of American society are potentially affected: wage earners, small, medium and even large businesses, farmers, professionals, federal, State and municipal employees, students, teachers, health workers, and unemployed. Protests will initially emerge from these various sectors. There is, however, at this stage, no organized national resistance movement directed against the administration’s economic and financial agenda.

Obama’s populist rhetoric conceals the true nature of macro-economic policy. Acting on behalf of Wall Street, the administration’s economic package, which includes close to a trillion dollar “aid” package for the financial services industry, coupled with massive austerity measures,  contributes to precipitating America into a bottomless crisis.

“Orwellian Solution” to the Great Depression: Curbing Civil Unrest

At this particular juncture, there is no economic recovery program in sight. The Washington-Wall Street consensus prevails. There are no policies, no alternatives formulated from within the political and economic system. .

What is the way out? How will the US government face an impending social catastrophe?

The solution is to curb social unrest. The chosen avenue, inherited from the outgoing Bush administration is the reinforcement of  the Homeland Security apparatus and the militarization of civilian State institutions.

The outgoing administration has laid the groundwork. Various pieces of “anti-terrorist” legislation (including the Patriot Acts) and presidential directives have been put in place since 2001, largely using the pretext of the “Global War on Terrorism.”

Homeland Security’s Internment Camps

Directly related to the issue of curbing social unrest, cohesive system of detention camps is also envisaged, under the jurisdiction of the Department of Homeland Security and the Pentagon.

A bill entitled the National Emergency Centers Establishment Act (HR 645) was introduced in the US Congress in January. It calls for the establishment of six national emergency centers in major regions in the US to be located on existing military installations. http://www.govtrack.us/congress/billtext.xpd?bill=h111-645

The stated purpose of  the “national emergency centers” is to provide “temporary housing, medical, and humanitarian assistance to individuals and families dislocated due to an emergency or major disaster.” In actuality, what we are dealing with are FEMA internment camps. HR 645 states that the camps can be used to “meet other appropriate needs, as determined by the Secretary of Homeland Security.”

There has been virtually no press coverage of HR 645.

These “civilian facilities” on US military bases are to be established in cooperation with the US Military. Modeled on Guantanamo, what we are dealing with is the militarization of FEMA internment facilities.

Once a person is arrested and interned in a FEMA camp located on a military base, that person would in all likelihood, under a national emergency, fall under the de facto jurisdiction of the Military: civilian justice and law enforcement including habeas corpus would no longer apply.

HR 645 bears a direct relationship to the economic crisis and the likelihood of mass protests across America. It constitutes a further move to militarize civilian law enforcement, repealing the Posse Comitatus Act.

In the words of  Rep. Ron Paul:

“…the fusion centers, militarized police, surveillance cameras and a domestic military command is not enough… Even though we know that detention facilities are already in place, they now want to legalize the construction of FEMA camps on military installations using the ever popular excuse that the facilities are for the purposes of a national emergency. With the phony debt-based economy getting worse and worse by the day, the possibility of civil unrest is becoming a greater threat to the establishment. One need only look at Iceland, Greece and other nations for what might happen in the United States next.” (Daily Paul, September 2008, emphasis added)

The proposed internment camps should be seen in relation to the broader process of militarization of civilian institutions. The construction of internment camps predates the introduction of HR 645 (Establishment of Emergency Centers) in January 2009. There are, according to various (unconfirmed) reports, some 800 FEMA prison camps in different regions of the U.S. Moreover, since the 1980s, the US military has developed “tactics, techniques and procedures” to suppress civilian dissent, to be used in the eventuality of mass protests (United States Army Field Manual 19-15 under Operation Garden Plot, entitled “Civil Disturbances” was issued in 1985)

Continue reading »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Mar 19

Sen. Jay Rockefeller alarmed technology and telecommunications firms last year when he announced a plan for the president to seize “emergency” control of the Internet. Now the West Virginia Democrat is trying again with a new version that aides hope will be seen as less extreme.

During a closed-door meeting on Capitol Hill on Wednesday attended by about a dozen industry representatives, CNET has learned, Rockefeller’s staff pitched a revised version of his controversial cybersecurity legislation.

It says that after the president chooses to “declare a cybersecurity emergency,” he can activate a “response and restoration plan” involving networks owned and operated by the private sector. In an attempt to limit criticism, instead of spelling out the plan’s details, the latest draft simply says that it must be developed by the White House in advance.

There is no requirement that the emergency response plan be made public, meaning it could still include a forcible disconnection of critical Web sites from the Internet–which is what the March 2009 version of the legislation had proposed. Continue reading »

Tags: , , , , , , ,

Mar 19

- Here’s Why Putting The Fed In Charge Of Regulation Is A Joke (The Business Insider)


ben-bernanke

In the footnotes of a speech U.S. Federal Reserve Bank Chairman Ben Bernanke would have given to the House Financial Services Committee on Feb. 10, lies a unique and startling disclosure.

Hosted on the Federal Reserve’s own servers, the written testimony of the bank’s chairman explains in plain text what expanding the Fed’s powers will do.

“The Federal Reserve believes it is possible that, ultimately, its operating framework will allow the elimination of minimum reserve requirements, which impose costs and distortions on the banking system,” footnote number nine, at the bottom of the page, explains without additional qualification. Continue reading »

Tags: , , , , , , ,

Mar 19

Latvia’s coalition government has collapsed after failing to tackle a crippling economic crisis.

PD*29254949
Banks had been braced for Latvia’s government to collapse

The People’s Party, the largest group in a five-party coalition, walked out amid disputes over how to cope with the country’s severe problems.

Unemployment has now hit 20 per cent and the economy contracted by 18 per cent last year.

The People’s Party quit after its action plan failed to get the backing of Valdis Dombrovskis, the Latvian prime minister, who labelled it “populist”. Continue reading »

Tags: , , ,