Has America become Fascist?

If it hasn’t gone the way of Mussolini’s Italy and Hitler’s Germany, it sure is teetering on the brink. America is a nation in deepening crisis, a nation whose leaders repeatedly plunge their citizens into, and make them pay for, serial wars abroad, while stealing their liberties at home. USA has become a country that trashes its citizens (New Orleans), tortures its enemies (Abu Ghraib), threatens other nations with nuclear fire (Iran), flouts international treaties (UN Charter re Iraq), and spies on (FISA), and intimidates, its critics (No Fly). Americans that can clearly see the totalitarian machinations of Vladimir Putin in Russia and Hu Jintao in China are blind to the fascism threatening to envelop them as well.

Read moreHas America become Fascist?

McCain suggests military-style invasion modeled on the surge to control crime

Today, Sen. John McCain (R-AZ) spoke to the National Urban League, a group “devoted to empowering African Americans to enter the economic and social mainstream.” When an audience member asked him how he planned to reduce urban crime, McCain praised Mayor Rudy Giuliani’s efforts in New York Cirty before invoking the military’s tactics in Iraq as the model for crime-fighting:

McCAIN: And some of those tactics – you mention the war in Iraq – are like that we use in the military. You go into neighborhoods, you clamp down, you provide a secure environment for the people that live there, and you make sure that the known criminals are kept under control. And you provide them with a stable environment and then they cooperate with law enforcement, etc, etc.

Listen here:

Now that our military experts advocate approaching the “war on terror” with more policing and intelligence gathering, McCain wants to approach urban policing with more military power. (HT: Political Radar)

Read moreMcCain suggests military-style invasion modeled on the surge to control crime

Secret “War on Terror” Prison on Diego Garcia Confirmed

The existence of a secret, CIA-run prison on the island of Diego Garcia in the Indian Ocean has long been a leaky secret in the “War on Terror,” and recent revelations in TIME — based on disclosures by a “senior American official,” who was “a frequent participant in White House Situation Room meetings” after the 9/11 attacks, and who reported that “a CIA counter-terrorism official twice said that a high-value prisoner or prisoners were being interrogated on the island” — will come as no surprise to those who have been studying the story closely.

The news will, however, be an embarrassment to the US government, which has persistently denied claims that it operated a secret “War on Terror” prison on Diego Garcia, and will be a source of even more consternation to the British government, which is more closely bound than its law-shredding Transatlantic neighbor to international laws and treaties preventing any kind of involvement whatsoever in kidnapping, “extraordinary rendition” and the practice of torture.

Read moreSecret “War on Terror” Prison on Diego Garcia Confirmed

Report: Obama, Potential Iran Attack, Financial Collapse

Published for some of the information on the economy.


Added: August 02, 2008

Source: YouTube

Borrowings of Depository Institutions from the Federal Reserve

Ready for a little shock? Link

A reader has discovered this on Digg: “This is how fucked we are

That says it all.

Related article: Stressed banks borrow record amount from Fed
What does it mean if you have such a huge “shortage of liquidity in your system”?
Hmmmhhh?!? Oh! Run, run, run.

According to the FDIC I am just another blogger creating fear in the marketplace, so don’ t worry.

You can trust the government on this:

WASHINGTON, July 22 (Xinhua)
U.S. Treasury Secretary Henry Paulson said Tuesday that the U.S. banking system is sound and the long-term fundamentals of economy are strong.

December 5, 1929
“The Government’s business is in sound condition.” — Andrew W. Mellon, Secretary of the Treasury

More Quotes from the Great Depression:

Read moreBorrowings of Depository Institutions from the Federal Reserve

Stressed banks borrow record amount from Fed

NEW YORK (Reuters) – Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.

Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed on Thursday.

“It shows there’s a shortage of liquidity in the system,” said Christopher Low, chief economist at FTN Financial in New York.

Read moreStressed banks borrow record amount from Fed

Small Florida bank is 8th U.S. failure this year

WASHINGTON (Reuters) – Bank regulators closed a small Florida-based bank on Friday, the eighth U.S. bank to fail this year under pressure from a weak economy and a credit crisis precipitated by falling home prices.

The Federal Deposit Insurance Corp said First Priority Bank had $259 million in assets and $227 million in deposits and its failure will cost the federal fund that insures deposits an estimated $72 million.

SunTrust Banks Inc (NYSE:STINews) has agreed to assume the insured deposits of First Priority, whose six branches will reopen Monday as branches of SunTrust Bank.

Read moreSmall Florida bank is 8th U.S. failure this year

FDIC warns four US banks over liquidity

The Federal Deposit Insurance Corporation revealed on Friday that it had issued warnings to four small US banks that lacked sufficient reserves to cover potential loan losses.

The cease-and-desist orders issued in June said the four banks needed to raise more capital, expand their loss allowances and better oversee and diversify their loan portfolios. A fifth bank was cited for violating consumer protection laws.

Losses on mortages and other loans have helped bring down eight US banks this year, including one small Florida institution on Friday.

Read moreFDIC warns four US banks over liquidity

Presidential Secrets: Former CIA Operative speaks

This video presents one of the most provocative interviews ever conducted by Ted Gunderson, a retired FBI Senior Special Agent in Charge; it is with Gene “Chip” Tatum, a former CIA Black Ops Assassin who was also an Iran-Contra and OSG2 NWO Insider. In this video, you’ll hear Chip discuss his involvement in Operation Red Rock, Task Force 160 and OSG2.

Hear him reveal the names of high profile officials who were integrally involved in these CIA covert killing sprees and/or narco-trafficking, directly or indirectly: Oliver “Ollie” North, Ronald Reagan, George H.W. Bush and Bill Clinton.

You’ll learn from an “insider” about outrageous U.S. government felony crime and corruption and the impending New World Order destruction of America. You’ll hear his amazing insight concerning the Nixon Administration and the dirty politics of the Vietnam War.

This is the last interview prior to his sudden disappearance in 1998. LATEST UPDATE: Chip’s tortured body was reported to have washed up on a beach in Panama in early 2007. See the other video interview with Chip Tatum called ‘Black Ops Interview’ below. http://www.free10dvds.com http://www.tedgunderson.com free download of ‘The Tatum Chronicles:’ http://www.scribd.com/doc/1434148/The-Tatum-Chronicles free download of ‘Nixon’s Darkest Secret:’ http://www.scribd.com/doc/520461/Nixons-Darkest-Secret

Source: Google Video

Pentagon Warns Against Israeli Attack on Iran

Joint Chiefs Chairman Adm. Mike Mullen: ‘A Third Front … Would Be Extremely Stressful’


U.S. Joint Chiefs chairman warned against any Israeli attack on Iran Wednesday. (AP Photo)

Joint Chiefs of Staff Chairman Adm. Mike Mullen, who was in Israel over the weekend, issued a strong warning today about the dangers of a military attack on Iran.

At a Pentagon press conference, Mullen was asked, “How concerned are you … that Israel may undertake a unilateral strike against Iran by the end of the year?”

“My strong preference, here, is to handle all of this diplomatically with the other powers of governments, ours and many others, as opposed to any kind of strike occurring,” he answered. “This is a very unstable part of the world. And I don’t need it to be more unstable.”

Read morePentagon Warns Against Israeli Attack on Iran

Children have lost touch with nature

Children are just imitating their parents and society.
“Not all who wander are lost” (J. R. R. Tolkien), but those who have lost contact with nature are truly lost.
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Children have lost touch with the natural world and are unable to identify common animals and plants, according to a survey.

Half of youngsters aged nine to 11 were unable to identify a daddy-long-legs, oak tree, blue tit or bluebell, in the poll by BBC Wildlife Magazine. The study also found that playing in the countryside was children’s least popular way of spending their spare time, and that they would rather see friends or play on their computer than go for a walk or play outdoors.

The survey asked 700 children to identify pictured flora and fauna. Just over half could name bluebells, 54 per cent knew what blue tits were and 45 per cent could identify an oak. Less than two-thirds (62 per cent) identified frogs and 12 per cent knew what a primrose was.

Children performed better at identifying robins (95 per cent) and badgers, correctly labelled by nine out of 10.

Sir David Attenborough warned that children who lack any understanding of the natural world would not grow into adults who cared about the environment. “The wild world is becoming so remote to children that they miss out,” he said, “and an interest in the natural world doesn’t grow as it should. Nobody is going protect the natural world unless they understand it.”

Fergus Collins, of BBC Wildlife Magazine, said the results “reinforce the idea that many children don’t spend enough time playing in the green outdoors and enjoying wildlife – something older generations might have taken for granted”.

A surprisingly large number of children incorrectly identified the bluebells as lavender, and the deer was commonly misidentified as an antelope.

The newt, recognised by 42 per cent, was mistaken for a lizard while the primrose was thought to be a dandelion.

Experts blamed the widening gulf between children and nature on over-protective parents and the hostility to children among some conservationists, who fear that they will damage the environment. They said that this lack of exposure to outdoor play in natural environments was vital for children’s social and emotional development.

Dr Martin Maudsley, play development officer for Playwork Partnerships, at the University of Gloucestershire, said that adults had become too protective of wild places: “Environmental sensitivities should not be prioritised over children.”

He said: “Play is the primary mechanism through which children engage and connect with the world, and natural environments are particularly attractive, inspiring and satisfying for kids. Something magical occurs when children and wild spaces mix.”

By Sarah Cassidy, Education Correspondent
Friday, 1 August 2008

Source: The Independent

U.S. agents can seize travelers’ laptops


WASHINGTON (Reuters) – U.S. federal agents have been given new powers to seize travelers’ laptops and other electronic devices at the border and hold them for unspecified periods the Washington Post reported on Friday.

Under recently disclosed Department of Homeland Security policies, such seizures may be carried out without suspicion of wrongdoing, the newspaper said, quoting policies issued on July 16 by two DHS agencies.

Agents are empowered to share the contents of seized computers with other agencies and private entities for data decryption and other reasons, the newspaper said.

DHS officials said the policies applied to anyone entering the country, including U.S. citizens, and were needed to prevent terrorism.

The measures have long been in place but were only disclosed in July, under pressure from civil liberties and business travel groups acting on reports that increasing numbers of international travelers had had their laptops, cellphones and other digital devices removed and examined.

Read moreU.S. agents can seize travelers’ laptops

Jobless rate climbs as 51,000 jobs vanish

WASHINGTON – Stores, factories and other businesses large and small showed workers the door last month, sending unemployment to its highest rate in four years and adding to the evidence an economic recovery remains far off.

Employers clamped down on hiring and cut 51,000 jobs in July, the Labor Department said Friday. The economy has shed jobs each month this year – 463,000 in all.

The unemployment rate rose to 5.7 percent, up from 5.5 percent in June.

Read moreJobless rate climbs as 51,000 jobs vanish

House rejects bill on limiting speculative trading

WASHINGTON (MarketWatch) — A bill that would put new limits on speculative trading in energy commodities failed to get the required two-third majority of votes to pass the House on Wednesday.

The vote was 276 to 151. The Commodity Markets Transparency and Accountability Act would boost staffing at the Commodity Futures Trading Commission and require the agency to limit the positions of speculators in energy and agricultural commodities.

Most Republicans objected to the bill, preferring to pass legislation to open the outer continental shelf and other off-limits areas to energy exploration.

Read moreHouse rejects bill on limiting speculative trading

Wal-Mart Warns of Democratic Win

Wal-Mart Stores Inc. is mobilizing its store managers and department supervisors around the country to warn that if Democrats win power in November, they’ll likely change federal law to make it easier for workers to unionize companies — including Wal-Mart.

In recent weeks, thousands of Wal-Mart store managers and department heads have been summoned to mandatory meetings at which the retailer stresses the downside for workers if stores were to be unionized.

Read moreWal-Mart Warns of Democratic Win

GM, Crysler and Ford: S&P cuts ratings lower into junk

NEW YORK (Reuters) – Standard & Poor’s on Thursday cut ratings on all three major U.S. automakers deeper into junk status, citing expected losses due to higher gas prices and a weakening U.S. economy.

S&P cut its ratings for General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz), Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) and Chrysler Automotive LLC to “B-minus,” or six levels below investment grade, from “B.” It also cut to “B-minus” from “B” the finance arms of Ford, Chrysler and GMAC, which is 49 percent owned by GM.

Related article: GM Posts $15.5 Billion Loss; More Job Cuts Possible

Read moreGM, Crysler and Ford: S&P cuts ratings lower into junk

More than 100 countries back Iran’s nuclear program

TEHRAN, Iran (AP) – More than 100 nonaligned nations backed Iran’s right to peaceful uses of nuclear power on Wednesday, an endorsement sought by Tehran in its standoff with the U.N. Security Council over its refusal to freeze uranium enrichment.

The decision came as supreme Iranian leader Ayatolla Ali Khamenei pledged to continue the country’s nuclear program.

Read moreMore than 100 countries back Iran’s nuclear program

EU agrees to go beyond U.N. sanctions on Iran

The U.S. would see this as an act of war, if someone would do it to them.
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BRUSSELS (Reuters) – The European Union has agreed to go beyond United Nations sanctions on Iran, instructing its financial institutions to exercise “restraint” on export credits and allowing its navies to inspect all Iran-bound cargoes, a senior diplomat said on Wednesday.

Read moreEU agrees to go beyond U.N. sanctions on Iran

Cheney considered a ‘False Flag Attack’ to start war with Iran

EXCLUSIVE: To Provoke War, Cheney Considered Proposal To Dress Up Navy Seals As Iranians And Shoot At Them

Speaking at the Campus Progress journalism conference earlier this month, Seymour Hersh – a Pulitzer-Prize winning journalist for The New Yorker – revealed that Bush administration officials held a meeting recently in the Vice President’s office to discuss ways to provoke a war with Iran.

Read moreCheney considered a ‘False Flag Attack’ to start war with Iran