Feb 28

- 50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam That Is About To Collapse (Economic Collapse, Feb 24, 2013):

The U.S. health care system is a giant money making scam that is designed to drain as much money as possible out of all of us before we die.  In the United States today, the health care industry is completely dominated by government bureaucrats, health insurance companies and pharmaceutical corporations.  The pharmaceutical corporations spend billions of dollars to convince all of us to become dependent on their legal drugs, the health insurance companies make billions of dollars by providing as little health care as possible, and they both spend millions of dollars to make sure that our politicians in Washington D.C. keep the gravy train rolling.  Meanwhile, large numbers of doctors are going broke and patients are not getting the care that they need.  At this point, our health care system is a complete and total disaster.  Health care costs continue to go up rapidly, the level of care that we are receiving continues to go down, and every move that our politicians make just seems to make all of our health care problems even worse.  In America today, a single trip to the emergency room can easily cost you $100,000, and if you happen to get cancer you could end up with medical bills in excess of a million dollars.  Even if you do have health insurance, there are usually limits on your coverage, and the truth is that just a single major illness is often enough to push most American families into bankruptcy.  At the same time, hospital administrators, pharmaceutical corporations and health insurance company executives are absolutely swimming in huge mountains of cash.  Unfortunately, this gigantic money making scam has become so large that it threatens to collapse both the U.S. health care system and the entire U.S. economy.

The following are 50 signs that the U.S. health care system is a massive money making scam that is about to collapse…

Continue reading »

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Feb 28

- Trust me, this time is different… (Sovereign Man, Feb 26, 2013):

By 1789, a lot of French people were starving. Their economy had long since deteriorated into a weak, pitiful shell. Decades of unsustainable spending had left the French treasury depleted. The currency was being rapidly debased. Food was scarce, and expensive.

Perhaps most famously, though, the French monarchy was dangerously out of touch with reality, historically enshrined with the quip, “Let them eat cake.”

The Bourbon monarchy paid the price for it, eventually losing their heads in a 1793 execution.  But it took the French economy decades to finally recover.

Along the way, the government tried an experiment: issuing a form of paper money. It didn’t matter to the French politicians that every previous experiment with paper money in history had been an absolute disaster.

As French Assemblyman M. Matrineau put it in 1790, “Paper money under a despotism is dangerous. It favors corruption. But in a nation constitutionally governed, which itself takes care in the emission of its notes [and] determines their number and use, that danger no longer exists.”

Translation: This time is different. We’re different. We’re smarter. We won’t suffer the same fate. TRUST US.

Continue reading »

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Feb 28

- Bernanke’s ‘Inflation’ Record (ZeroHedge, Feb 27, 2013):

Addressing a question yesterday, from Senator Bob Corker, on his “being the biggest dove since World War II” and the “degrading effects that he’s having on society,” Bernanke responded proudly that be believed his “inflation record is the best of any Federal Reserve Chairman in the post-war period.” Of course that is by his measure. We suggest, he and few of his transitory colleagues look at the chart below for a sense of just what his ‘dovishness’ looks like to the rest of the food- and energy-consuming world… or perhaps by ‘best’ he means ‘most’.

CORKER: So I think that, you know, I don’t think there’s any question that you would be the biggest dove, if you will, since World War II. I think it’s something you’re rather proud of…. Just wondering if you — if ya’ll talk at all in your meetings about the degrading effect that’s having on our society.

BERNANKE: You called me a dove. Well, maybe in some respects I am, but on the other hand, my inflation record is the best of any Federal Reserve Chairman in the post-war period, or at least one of the best, about two percent average inflation.

The Bernanke Era Inflation…

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Feb 28

- German FinMin Warns “I Never Said The Euro Crisis Was Over” (ZeroHedge, Feb 27, 2013):

Following on the heels of Merkel’s adviser Lars Feld’s comments, German finance minister Schaeuble has raised concerns over the results of the Italian elections. His comment that,“I never said the euro crisis was over,” stands in contrast to the claims of Monti, Draghi, Lagarde, Barroso, and Sarkozy who all have. along with the market’s “doubts that a stable government can be formed,” raises the risk of turmoil spreading to other euro countries. Schaeuble commented further that, “now it is up to those who were elected in Italy on Sunday to form a stable government. The faster they do this, the quicker the uncertainty will be overcome.” The problem, as Reuters reports, appears to be not just Italy’s public dissension over Germany’s demands for austerity but his French counterpart’s comments that “austerity has gone far enough,” to which the German rebuked, “France must also do more here, Hollande knows this and so does Pierre Moscovici.” Tension is certainly rising in the depression-addled union, even as Draghi explains – it’s all ok, he promises.

  • Barroso (The Guardian): “we can say that the existential threat against the euro has essentially been overcome”
  • Monti (Bloomberg): “the euro area crisis is almost over”
  • Draghi (BBC): “the worst is over, the situation is stabilizing”
  • Lagarde (Voice of Russia): “eurozone crisis largely over”
  • Sarkozy (China News): “I think we came out of the financial crisis”

Via Reuters, Continue reading »

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Feb 28

- Merkel Advisor Feld: “Euro Crisis Will Return Shortly And With A Vengeance” (ZeroHedge, Feb 26, 2013):

For all the groundless, starry-eyed optimism permeating Europe’s bureaucratic corridors of the fading oligarchy these days (because this time is not like every other time that, too, was different), there has always existed one sure, never-fail antidote: Germany, which without fail has managed to ground Europe any time its delusion of grandure hit escape velocity. Sure enough, while all the statist soothsayers who threatened with armageddon if the outcome of the Italian elections happened to be precisely the one that transpired, were stuck in backpedal mode, and scrambling to calm nerves that all shall be well after all, one person who refuses to play by the script is Lars Feld, member of panel of economic advisers to German Chancellor Angela Merkel, who in an interview with the Frankfurter Allgemeine Zeitung tomorrow says the euro crisis is to return shortly and “with a vengeance” as capital loss will lead to higher risk premiums for Italy’s interest rates.

From Handelsblatt, previewing the FAZ Wednesday edition:

The Italian economy would not find their way out of the recession, according to the pessimistic assessment by Lars Feld: “The sustainability of Italian public finances is in jeopardy. The euro crisis will therefore return shortly with a vengeance.”

Continue reading »

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Feb 28

Related info:

- Targeted Killings: ‘It’s Ok If Obama Does It’


- Rand Paul’s Third Letter to the CIA: Can You Kill with Drones in the USA? (Liberty Blitzkrieg, Feb 27, 2013):

This letter is a few days old, but is very important for every American to be aware of. Essentially, Rand Paul is threatening to filibuster Barack Obama’s nominee for the CIA, John Brennan, due to his refusal to answer a simple question:

Do you believe that the President has the power to authorize lethal force, such as a drone strike, against a U.S. citizen on U.S. soil, and without trial?

This should not be a complicated question to answer, yet it seems Obama, Brennan and pretty much every other little power consumed bureaucrat is incapable of doing so.  Below is Rand Paul’s letter reprinted in full (my emphasis added). Continue reading »

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Feb 28

- Founded By Geniuses And Run By Idiots (Monty Pelerin’s World, Feb 27, 2013):

H. L. Mencken correctly observed:

Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent.

Mencken also was prescient:

As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their hearts desire at last, and the White House will be adorned by a downright moron.

But this is not about Mr. Mencken. Rather it is about some unknown individual who committed the following to the email world:

Food for thought…

  • If you can get arrested for hunting or fishing without  a license, but not for being in the country illegally … you might live in a  country founded by geniuses but run by idiots.
  • If you have to get your  parents’ permission to go on a field trip or take an aspirin in school, but not  to get an abortion … you might live in a country founded by geniuses but run  by idiots. Continue reading »

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Feb 26

- Winter Storm Dumps As Much As 22 Inches Of Snow In Oklahoma (News 9, Oklahoma, Feb 26, 2013):

OKLAHOMA CITY – A significant winter storm has brought as much as 22 inches of snow to parts of Oklahoma on Monday, according to the News 9 Weather Team.At the request of Gov. Mary Fallin, Monday afternoon, Lt. Governor Todd Lamb declared a State of Emergency for 56 Oklahoma counties due to the excessive snow and severe weather. The executive order allows state agencies to make emergency purchases related to disaster relief and preparedness. It is also a first step toward seeking federal assistance, if it’s needed.

The area just west of Alva, Oklahoma, received 22 inches of snow during the storm.

Continue reading »

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Feb 26


An F-22 takes off on a training flight last month. Photo: Air Force

- Air Force to Stealth Fighter Pilots: Get Used to Coughing Fits (Wired, Feb 25, 2013):

The Air Force has some bad news for the pilots of its F-22 Raptor stealth fighters: Your planes are going to make you feel crappy and there’s not much anyone can do about it. And the message to the maintainers of the radar-evading jet is even more depressing. Any illness they feel from working around the Raptor is apparently all in their heads, according to the Air Force.

Those admissions, buried in newly released Congressional records, represent the latest twist in the years-long saga of the F-22′s faulty oxygen system, which since at least 2008 has been choking pilots, leading to confusion, memory loss and blackouts — combined known as hypoxia — that may have contributed to at least one fatal crash. Ground crews have also reported growing sick while working around F-22s whose engines are running.

The Air Force claims its has a handle on the in-flight blackouts. All 180 or so F-22s are having faulty filters removed and new backup oxygen generators installed. There have also been changes to the G-suits pilots wear. But the Air Force says the alterations won’t do anything to fix the so-called “Raptor cough,” a chronic condition afflicting almost all F-22 pilots.

Continue reading »

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Feb 26

- UK’s top cardinal accused of ‘inappropriate acts’ by priests (Guardian, Feb 23, 2013):

Three priests and former priest report Cardinal Keith O’Brien to Vatican over claims stretching back 33 years

Three priests and a former priest in Scotland have reported the most senior Catholic clergyman in Britain, Cardinal Keith O’Brien, to the Vatican over allegations of inappropriate behaviour stretching back 30 years.The four, from the diocese of St Andrews and Edinburgh, have complained to nuncio Antonio Mennini, the Vatican’s ambassador to Britain, and demanded O’Brien’s immediate resignation. A spokesman for the cardinal said that the claims were contested.

O’Brien, who is due to retire next month, has been an outspoken opponent of gay rights, condemning homosexuality as immoral, opposing gay adoption, and most recently arguing that same-sex marriages would be “harmful to the physical, mental and spiritual well-being of those involved”. Last year he was named “bigot of the year” by the gay rights charity Stonewall.

Continue reading »

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Feb 26


- TV licence evader refused to pay because the ‘BBC covered up facts about 9/11 and claimed tower fell 20 minutes before it did’ (Daily Mail, Feb 25, 2013):

  • Tony Rooke represented himself at Horsham Magistrates’ Court in Sussex
  • Told inspector on visit in May 2012 that he would not be paying licence fee
  • Rooke said he was withholding fee under Section 15 of Terrorism Act 2000
  • This states it’s an offence for someone to provide funds used for terrorism
  • He said he didn’t want to give money to an organisation ‘funding terrorism’
  • Rooke said BBC claimed World Trade Centre 7 fell 20 minutes before it did
  • But judge made Rooke pay £200 costs and gave him conditional discharge
  • A 49-year-old man refused to pay his TV licence because he believed the BBC covered up facts about the 9/11 terrorist attacks.

    Tony Rooke, who represented himself today at Horsham Magistrates’ Court in West Sussex, said he did not want to give money to an organisation ‘funding the practice of terrorism’.

    Rooke, who admitted owning a TV and watching it without a licence, was found guilty of using an unlicensed set, given a six-month conditional discharge and told to pay £200 costs.

    He was visited in May 2012 by an inspector after withdrawing his licence in March, but said he was withholding the funds under the Terrorism Act.

    Section 15 of the 2000 Act states that it is an offence for someone to invite another to provide money, intending that it should be used, or having reasonable cause to suspect that it may be used, for terrorism purposes.

    ‘I am withholding all funds from the BBC, the Government and subsidiaries under Section 15 of the Terrorism Act,’ he told the inspector.

    He added that he had already lodged a complaint with the BBC.

    Continue reading »

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    Feb 26

    - So much for BBC transparency! 90 pages of BBC’s Savile report blacked out, DG goes to ground… and no one is blamed for fiasco (Daily Mail, Feb 22, 2013):

    The BBC faced ridicule last night for publishing an ‘open’ dossier into the Jimmy Savile scandal that was covered in censor’s ink.

    The corporation had repeatedly promised to be open and transparent about the material, which formed the basis of last year’s Pollard inquiry into the Savile crisis.

    But there were accusations of a cover-up after large swathes of staff testimonies about the saga were blacked out.

    Despite the redactions, which covered around 90 pages, stinging criticism remained – including Jeremy Paxman’s fury at the ‘contemptible’ way the BBC handled the affair.

    He said it was ‘pathetic’ Newsnight had not tackled the Savile issue sooner, and said it was ‘common gossip’ at the corporation that the DJ ‘liked young…girls’.

    Continue reading »

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    Feb 26

    - 98.8 Bq/Kg of cesium from honey produced in Tochigi (Fukushima Diary, Feb 25, 2013)

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    Feb 26

    - All 67 Florida County Sheriffs sign pledge to protect the right of citizens to bear arms (WatchdogWire, Feb 17, 2013):

    Constitutional Sheriffs sent an email stating, “I have added the names of the following 61 Florida County Sheriffs [who] joined the previous six Florida County Sheriffs to announce that they will not enforce laws that violate the Constitution or infringe on the rights of the people to own firearms.”

    This means all of Florida’s county sheriffs have now signed the pledge, the first state to achieve 100% compliance with the 2nd Amendment. The list is bi-partisan.

    The following Florida Sheriffs have taken a stand to defend the second amendment: Continue reading »

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    Feb 26

    - There’s An Even Worse Scandal Hidden In Obama’s Secret Drone Memo (Business Insider, Feb 22, 2013):

    The Obama administration’s classified legal memos justifying targeted killings contain potentially shady protocols with foreign governments and “case-specific” details of strikes, two sources aware of their contents told Krisitn Roberts and Michael Hirsch of the National Journal.The accords with foreign governments — which include Pakistan and Yemen — are a key element excluded from the Department of Justice (DoJ) “white paper.”

    A legal expert outside the government “who is intimately familiar with the contents of the memos” told the Journal that targeted-killing memos written by the DoJ’s Office of Legal Counsel (OLC) are being withheld to protect this information.

    The Senate and House intelligence committees have only been allowed to examine four of the nine OLC memos.

    The expert told the Journal that the administration believes Congress would leak the information to the public, which could be extremely embarrassing to the U.S. and its foreign partners given the unpopularity of the drone program and any legal or ethical liberties taken in the agreements.

    Continue reading »

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    Feb 26

    See also:

    - FBI Terrorism And The False Flag War Against America (Veterans Today)

    - Files Reveal How FBI Tracked Internet Activist Aaron Swartz (Guardian)


    - FBI on sexting employees: Everybody does it (NBC News, Feb 23, 2013):

    Disciplinary reports published by a news outlet reveal that FBI employees have a nasty habit of sending each other sexually explicit messages — from both personal as well as government-issued cellphones— forcing the agency to comment on the matter.

    “The instances described are not unlike those that occur among employees of any other large agency or organization in the country,” a spokesperson for the FBI Office of Public Affairs said in a statement to NBC News. “It is important to note that in an organization of more than 36,000 employees, these disciplinary incidents involve a fraction of one percent of FBI employees.”

    Continue reading »

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    Feb 26

    - FBI agents caught sexting and dating drug dealers (Telegraph, Feb 22, 2013):

    Dating drug dealers, harassing ex-boyfriends with naked pictures, and pointing guns at pet dogs: these were just a few of the offences committed recently by serving FBI agents, according to internal documents.

    Disciplinary files from the Bureau’s Office of Professional Responsibility record an extraordinary range of transgressions that reveal the chaotic personal lives of some of America’s top law enforcers.

    One male agent was sacked after police were called to his mistress’s house following reports of domestic incident. When officers arrived they found the agent “drunk and uncooperative” and eventually had to physically subdue him and wrestle away his loaded gun.

    A woman e-mailed a “nude photograph of herself to her ex-boyfriend’s wife” and then continued to harass the couple despite two warnings from senior officials. The Bureau concluded she was suffering from depression related to the break-up and allowed her to return to work after 10 days.

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    Feb 26

    - Gold And Silver Inverse Slamdown (ZeroHedge, Feb 26, 2013):

    It would appear that someone tripped and flipped the algo switch this morning as the ubiquitous morning slamdown has morphed into a take-off. Perhaps it is no coincidence that every Muppet’s favorite banker (cough Goldman Sachs cough) opined on Gold’s coming weakness yesterday and that hedge funds are the least exposed to the precious metals on record, which as everyone BUT Goldman knows, is the traditional signal that it is a time to buy. Actually we take that back: Goldman certainly knew it, which is why it has been urgently advising its clients to sell… To Goldman.

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    Feb 24

    - 59% of the ‘Tuna’ Americans Eat Is Not Tuna (The Atlantic, Feb 22, 2013):

    Nonprofit ocean protection group Oceana took 1,215 samples of fish from across the United States and genetically tested them in order to bring us the following astonishing facts:

    • 59% of the fish labeled “tuna” sold at restaurants and grocery stores in the US is not tuna.
    • Sushi restaurants were far more likely to mislabel their fish than grocery stores or other restaurants.
    What’s for dinner at your local sushi joint? Pretty much anything but what’s on the menu.
    • In Chicago, Austin, New York, and Washington DC, every single sushi restaurant sampled sold mislabeled tuna.
    • 84% of fish samples labeled “white tuna” were actually escolar, a fish that can cause prolonged, uncontrollable, oily anal leakage.
    • The only fish more likely to be misrepresented than tuna was snapper, which was mislabeled 87% of the time, and was in actuality any of six different species.

    If you’ve ever wondered why the sushi in the display case is so affordable, given the dire state of the world’s tuna supply, well, now you know.

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    Feb 24

    Related info:

    - The Ten Worst Ways Your Children Are Being Poisoned Right Now

    - New Pepsi Sweetener Is Mixture Of Dangerous Carcinogenic Chemicals

    - Methanol, Biproduct Of Aspartame Linked To Autism, Preterm Delivery

    - Interview With Neurosurgeon Dr. Russell Blaylock On MSG And Brain-Damaging Excitotoxins (Video)

    - The Top 10 Worst Sources of Aspartame – Interview With Dr. Russell Blaylock On MSG And Brain-Damaging Excitotoxins (Video – Mar 2012)

    - Neotame Is 13,000 Times Sweeter Than Sugar And Even More Toxic Than Aspartame


    - Aspartame in Milk Without a Label? Big Dairy Petitions FDA For Approval (Activist Post, Feb 23, 2013):

    Two powerful dairy organizations, The International Dairy Foods Association (IDFA) and the National Milk Producers Federation (NMPF), are petitioning the Food and Drug Administration to allow aspartame and other artificial sweeteners to be added to milk and other dairy products without a label.

    The FDA currently allows the dairy industry to use “nutritive sweeteners” including sugar and high fructose corn syrup in many of their products. Nutritive sweeteners are defined as sweeteners with calories.

    This petition officially seeks to amend the standard of identification for milk, cream, and 17 other dairy products like yogurt, sweetened condensed milk, sour cream, and others to provide for the use of any “safe and suitable sweetener” on the market.

    They claim that aspartame and other artificial sweeteners would promote healthy eating and is good for school children. Continue reading »

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    Feb 24

    - Iran says it has brought down a foreign spy drone (Reuters, Feb 23, 2013):

    Iran’s Revolutionary Guards have brought down a foreign surveillance drone during a military exercise, the official Islamic Republic News Agency said on Saturday.

    “We have managed to bring down a drone of the enemy. This has happened before in our country,” the agency quoted war games spokesman General Hamid Sarkheli as saying in Kerman, southeast Iran, where the military exercise is taking place.

    The agency gave no details on who the drone belonged to.

    Continue reading »

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    Feb 24

    - Targeted Killings: “It’s Ok if Obama Does it” (Liberty Blitzkrieg, Feb 22, 2013):

    In a YouGov poll of 1,000 voters last August, Tesler found significantly more support for targeted killing of suspected terrorists among white “racial liberals” (i.e., those liberal on issues of race) and African-Americans when they were told that Obama supported such a policy than when they were not told it was the president’s policy. Only 27 percent of white racial liberals in a control group supported the targeted killing policy, but that jumped to 48 percent among such voters who were told Obama had conducted such targeted killings.

    - Joan Walsh’s recent article at Salon:  Targeted killings: OK if Obama does it?

    Think about how troubling the above passage is.  Basically, a reasonably large percentage of the population of America will simply allow Barrack Obama to do whatever he wants because he is black and a member of their “Democrat” football team.  The irony is incredible, but believe me this fact is not lost upon the elites that want to perpetuate the warfare state indefinitely. They fully understand that Obama essentially neutralizes a large part of the “liberal” resistance simply because he is black and ostensibly “liberal.”

    I came across the above information while reading Glenn Greenwald’s article about how MSNBC has finally make the total transformation into official government propaganda arm by hiring Robert Gibbs and David Axelrod.  His article is a scathing must-read.  Here are my favorite excerpts: Continue reading »

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    Feb 24

    - The Big Dogs On Wall Street Are Starting To Get Very Nervous (Economic Collapse, Feb 21, 2013):

    Why are some of the biggest names in the corporate world unloading stock like there is no tomorrow, and why are some of the most prominent investors on Wall Street loudly warning about the possibility of a market crash?  Should we be alarmed that the big dogs on Wall Street are starting to get very nervous?  In a previous article, I got very excited about a report that indicated that corporate insiders were selling nine times more of their own shares than they were buying.  Well, according to a brand new Bloomberg article, insider sales of stock have outnumbered insider purchases of stock by a ratio of twelve to one over the past three months.  That is highly unusual.  And right now some of the most respected investors in the financial world are ringing the alarm bells.  Dennis Gartman says that it is time to “rush to the sidelines”, Seth Klarman is warning about “the un-abating risks of collapse”, and Doug Kass is proclaiming that “we’re headed for a sharp fall”.  So does all of this mean that a market crash is definitely on the way?  No, but when you combine all of this with the weak economic data constantly coming out of the U.S. and Europe, it certainly does not paint a pretty picture. Continue reading »

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    Feb 24

    - Iran ‘finds’ mass uranium deposits, picks 16 new nuclear sites (RT, Feb 23, 2013):

    Iran has decided on 16 locations to build new nuclear power plants in a drive to boost the country’s electricity output over the next 15 years. Tehran also announced the discovery of substantial uranium deposits to fuel the country’s nuclear program.

    Experts from the Atomic Energy Organization of Iran (AEOI) chose the 16 sites across the country for their resistance to military airstrikes and earthquakes, among other factors, Tehran’s State TV said Saturday.

    Iran currently has one operational nuclear power plant, located outside the southern coastal city of Bushehr. The head of the AEOI said in December another plant is slated for construction next to the Bushehr plant.

    Continue reading »

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    Feb 24

    - Thrones, gold seat buckles and a concert hall: Inside the gloriously opulent private jets of the world’s richest including a prince’s ‘flying palace’ and Trump’s $100m plane (Daily Mail, Feb 23, 2013)

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    Feb 24

    - Obama admin won’t say if they claim authority to assassinate US citizens on US soil without charges (End The Lie, Feb 22, 2013):

    Perhaps the most disturbing aspect of the Obama administration’s assassination program is the fact that they simply refuse to address if they claim the authority to kill Americans on US soil without charge or trial.

    While they clearly claim the authority to kill Americans abroad without requiring any clear evidence based on secret meetings and a classified legal justification, they dodge any and all questions around assassinations on US soil.

    Individuals in the Obama administration – including Obama himself – have chosen to simply answer a question that was never asked when they are confronted with the issue.

    This recently came up in a series of written questions and answers (original without notes here) from Senate Select Committee on Intelligence to John Brennan, Obama’s nominee for the director of the Central Intelligence Agency (CIA).

    “Could the Administration carry out drone strikes inside the United States?” asked the Committee.

    “This Administration has not carried out drone strikes inside the United States and has no intention of doing so,” Brennan responded.

    No one asked Brennan if the Obama administration has carried out drone strikes in the United States or if they have the intention to do so. The question was if they could carry out such a strike. This was not answered.

    When asked, “Could you describe the geographical limits on the Administration’s conduct drone strikes?”

    Brennan responded that the Obama administration does not “view our authority to use military force against al-Qa’ida and associated forces as being limited to ‘hot’ battlefields like Afghanistan.”

    “Al-Qa’ida and its associates have in the recent past directed several attacks against us from countries other than Afghanistan. The Government has a responsibility to protect its citizens from these attacks, and, thus, as the Attorney General has noted, ‘neither Congress nor our federal courts has limited the geographic scope of our ability to use force to the current conflict in Afghanistan,’” Brennan wrote.

    “This does not mean, however, that we use military force whenever or wherever we want,” he continued. “International legal principles, such as respect for another nation’s sovereignty, constrain our ability to act unilaterally. Using force in another country is consistent with these international legal principles if conducted, for example, with the consent of the relevant nation – or if or when other governments are unwilling or unable to deal effectively with a threat to the United States.”

    Unfortunately, this answer does not rule out assassinations on US soil in any way.

    Glenn Greenwald, writing for the Guardian, further points out that Obama has also dodged the question when it was posed to him in a Google hangout, of all places.

    Continue reading »

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    Feb 24

    - America’s Tragic Future In One Parabolic Chart (ZeroHedge, Feb 23, 2013):

    When it comes to forecasting the long-term trajectory of the US economy, things usually get very fuzzy some time after 2020 because, as even the most hardened optimists, the “impartial” Congressional Budget Office have recently admitted, America has at best 3-4 years before everything falls apart due to the unsustainable demographic crunch that will wallop the US entitlement state as demographics suddenly becomes a four letter word. Beyond that, not even the CBO dares to plot a straight line as to what happens should America not get its fiscal house in order. Continue reading »

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    Feb 24

    - When The Fed Has To Print Money Just To Print Money (ZeroHedge, Feb 23, 2013):

    While the topic of net Fed capital flows, and implicit balance sheet risk has recently gotten substantial prominence some three years after Zero Hedge first started discussing it, one open question is what happens when we cross the “D-Rate” boundary, or as we defined it, the point at which the Fed’s Net Interest Margin becomes negative i.e., when the outflows due to interest payable to reserve banks (from IOER) surpasses the cash inflows from the Fed’s low-yielding asset portfolio, and when the remittances to the Treasury cease (or technically become negative). To get the full answer of what happens then, we once again refer readers to the paper released yesterday by Morgan Stanley’s Greenlaw and Deutsche Bank’s Hooper, which discusses not only the parabolic chart that US debt yield will certainly follow over the next several decades, but the trickier concept known as the Fed’s technical insolvency, or that moment when the Fed’s tiny capital buffer goes negative. In short what would happen is that the Fed will be then forced to print money just so it can continue to print money.

    From Crunch Time: Fiscal Crises and the Role of Monetary Policy, first the big picture: Continue reading »

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    Feb 24

    - At Least We’re Not Measles: Rationalizing Drone Attacks Hits New Low (Rolling Stone, Feb 14, 2013):

    Read an absolutely amazing article today. Entitled “Droning on about Drones,” it was published in the online version of Dawn, Pakistan’s oldest and most widely read English-language newspaper, and written by one Michael Kugelman, identified as the Senior Program Associate for South Asia at the Woodrow Wilson International Center for Scholars in Washington, D.C.

    In this piece, the author’s thesis is that all this fuss about America’s drone policy is overdone and perhaps a little hysterical. Yes, he admits, there are some figures that suggest that as many as 900 civilians have been killed in drone strikes between 2004 and 2013. But, he notes, that only averages out to about 100 civilians a year. Apparently, we need to put that number in perspective: Continue reading »

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    Feb 24

    Related news:

    - China admits to existence of ‘cancer villages’ sprouting up due to extreme pollution, chemical exposure

    - ‘Organic’ from China exposed: The shocking truth about ‘organic’ foods grown in the world’s worst environmental cesspool


    - China admits pollution has caused ‘cancer villages’ (Telegraph, Feb 22, 2013):

    The Chinese government has admitted for the first time that decades of reckless pollution have spawned a string of toxic “cancer villages”.

    The admission by China’s Environment ministry came in a five-year plan on tackling pollution.

    “In recent years, toxic and hazardous chemical pollution has caused many environmental disasters, cutting off drinking water supplies, and even leading to severe health and social problems such as ‘cancer villages’” the document says.

    Environmentalists have long campaigned for the government to recognise and help the hundreds of cancer clusters caused by poisoned soil, water or air. In 2009, Deng Fei, an investigative journalist helped to plot some of the worst-hit villages on a Google map.

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