Out of control police brutality (including outright murder), and the militarization of cops across America, while significant issues in their own right, take on an even more pressing degree of concern when viewed as a reflection of society as a whole. For years now, I have been trying to point out the connection between banker bailouts, corruption in Washington D.C., imperialistic foreign policy and police aggression. They are all different sides of the same coin. All of these things are merely symptoms of the core cancer, which is a sociopathic elite running the nation and not applying the rule of law to those who are in power; wherever that power happens to reside.
The worst thing about the government’s reckless response to the financial crisis of 2008, even worse than the trillions in taxpayer bailouts and backstops granted to the financial criminals that created the disaster, is the primary lesson that it sent to American society as a whole. Some people like to call it “moral hazard,” but in more pedestrian terms it really just boils down to: The Bad Guys Got Away with It.Continue reading »
In this speech, Putin abruptly changed the rules of the game. Previously, the game of international politics was played as follows: politicians made public pronouncements, for the sake of maintaining a pleasant fiction of national sovereignty, but they were strictly for show and had nothing to do with the substance of international politics; in the meantime, they engaged in secret back-room negotiations, in which the actual deals were hammered out. Previously, Putin tried to play this game, expecting only that Russia be treated as an equal. But these hopes have been dashed, and at this conference he declared the game to be over, explicitly violating Western taboo by speaking directly to the people over the heads of elite clans and political leaders.
The Russian blogger chipstone summarized the most salient points from Putin speech as follows: Continue reading »
Kaci Hickox (pictured) and boyfriend Ted Wilbur go for a bike ride in Fort Kent Thursday. The pair were followed by a state police car. Hickox returned last week to the U.S. from West Africa, where she treated Ebola patients. She is fighting a 21-day home quarantine. (Photo: Bangor Daily News)
Doctors Without Borders says forced isolation of Kaci Hickox is ‘excessive’ and ‘not based upon established medical science’
Update (11:59 AM EST):
Defying a state-ordered quarantine on Thursday morning, nurse Kaci Hickox left her home in the rural town of Fort Kent, Maine to go for a bike ride with her partner, Ted Wilbur. The two were not stopped, but were followed on their ride by a state trooper patrol car.
“It’s a beautiful day for a bike ride,” Hickox said, according to the local Bangor Daily News, as she rode along the road. Continue reading »
The rate at which the United States economy grew last quarter has surpassed the expectations of experts, and a surge in military spending is said to be the culprit.
On Thursday, the US Commerce Department announced that the country’s gross domestic product, or GDP, grew at a 3.5 percent annual rate for the third quarter of 2014, well beyond Bloomberg’s forecasted pace of only 3.0 percent. Continue reading »
This CNN interview with Bill was shot in a private hotel suite in Atlanta, GA in 1992. Bill details for the reporters the history and underlying causes behind the forces trying to subvert our Republic.
Reporters on the ground aren’t necessarily ideological, Attkisson says, but the major network news decisions get made by a handful of New York execs who read the same papers and think the same thoughts.
Often they dream up stories beforehand and turn the reporters into “casting agents,” told “we need to find someone who will say . . .” that a given policy is good or bad. “We’re asked to create a reality that fits their New York image of what they believe,” she writes.
First we were told that Ebola wouldn’t come to America. Then we were promised the best way to keep Ebola out of America was to eliminate quarantines and travel restrictions. Now, to the astonishment of nearly everyone, the U.S. government is planning to deliberately transport Ebola-infected foreigners to the United States for treatment in U.S. hospitals. Taxpayers will foot the bill, estimated at half a million dollars per patient.
This has all come out in a four-page memo acquired by the Washington Times. “The State Department has quietly made plans to bring Ebola-infected doctors and medical aides to the U.S. for treatment,” the Times reports.  ” The memo even details the expected price per patient, with transportation costs at $200,000 and treatment at $300,000.”
The U.S. State Dept. is the same government entity that recently posted an acquisition contract for 160,000 Ebola hazmat suits, which many now believe are being stockpiled in the United States to deal with the Ebola outbreak that’s widely anticipated by the government. Continue reading »
The U.S. Air Force says it is not halting its use of Depleted Uranium weapons, has recently sent them to the Middle East, and is prepared to use them.
A type of airplane, the A-10, deployed this month to the Middle East by the U.S. Air National Guard’s 122nd Fighter Wing, is responsible for more Depleted Uranium (DU) contamination than any other platform, according to the International Coalition to Ban Uranium Weapons (ICBUW). “Weight for weight and by number of rounds more 30mm PGU-14B ammo has been used than any other round,” said ICBUW coordinator Doug Weir, referring to ammunition used by A-10s, as compared to DU ammunition used by tanks. Continue reading »
*FED ENDS THIRD ROUND OF QUANTITATIVE EASING AS PLANNED
*FED SEES `SOLID JOB GAINS’ WITH LOWER UNEMPLOYMENT
*FED REPEATS RATES TO STAY LOW FOR `CONSIDERABLE TIME’
And so now the “flow” has stopped; given that “bond buying” did not work, we are reminded of Alan Greenspan’s warning that “I don’t think it’s possible” for the Fed to end its easy-money policies in a trouble-free manner. Full redline below.
The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest oil company.
He’d just attended a private meeting with Russian Prime Minister Medvedev, at a time when the West’s relationship with Russia is fraught, to say the least.
One has better odds of being struck by lightning at an airport then a snow plow, or any other ground support vehicles hitting a plane and killing all inside the plane, in my opinion. And I say that as someone who’s familiar with airports, having worked at Vancouver International Airport when I was in university; I was the one who would bring the plane into its parking bay. Continue reading »
Most defenders of the state assume that government services help the poor. And, sometimes, some poor people do benefit financially from government programs. But there’s a hidden cost: taxation and mandatory programs (Social Security, for instance) that hurt the needy by restricting their choices. Government taxes away income that low-income households could invest in improving their lives. At the same time, state-sponsored benefits create incentives that keep the poor trapped in poverty.
Many assume that government barely taxes the poor, but the reality is otherwise. The poorest fifth of Americans pay 16 percent of their incomes in taxes (including federal, state, and local). One in six dollars they earn goes straight to the government. For a family living at the margin, those taxes can be the difference between food on the table and hungry children. Continue reading »
Great Expectations, Pregnant Pandas and Last Wednesday’s Treasury Market
“I must be taken as I have been made. The success is not mine, the failure is not mine, but the two together make me.”
– Estella, Great Expectations
What sort of financial world is a world with no volumes, no volatility and steadily rising prices? The only historical example is perhaps the Soviet Union. When the marginal buyer of any product is the state, or its handmaiden the central bank, then simply nothing happens until the state comes out to play.Continue reading »
Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.
The contract will lower the cost of the radar-evading warplane by about 3 percent and includes jets to be built for the U.S. military, Britain and other U.S. allies, according to the sources, who were not authorized to speak publicly.
The cost of the U.S. Air Force model of the plane, which accounts for 27 of the 43 aircraft, will go down by nearly 4 percent, said one of the sources. Continue reading »
Ahead of tomorrow’s decision by the FOMC, Peter Schiff ventured on to CNBC to discuss the economy, the fed, and gold… among other things. Schiff rightly fears that while the Fed may well stop QE3 tomorrow, QE4 will not be too long behind it as he notes, rather eloquently, that “an economy that lives by QE, will die by QE” as the Fed’s total lack of willingness to allow stocks to fall (see Bullard 2 weeks ago) or a ‘cleansing’ recession leaves the nation’s economy in far worse shape than it was before the Fed’s intervention. Schiff calmly replies to the anchor’s questions (as she proclaims “I am not on the side of the Fed but…”), gently explains his view on gold when challenged about his ‘wrongness’, but when a guest starts hounding him for being dangerous to CNBC viewers wealth… Schiff (rightly) loses it – must watch!
A well reasoned discussion of the Fed’s manipulation of markets and mal-investment hangovers is well worth the price of admission… but at around 6:35 when Scott Nations unleashes his tirade on Schiff, the fireworks start to fly… and Schiff (while being shouted over) reminds guests, anchors, and viewers alike “Go to YouTube, I am wrong a lot less often than most people on this program… and all you do is hassle me” that he was among the very few appearing on CNBC before the crash who foresaw it and the cataclysmic shift that has occurred (no matter what the perception of short-term memory traders)…“Think of all the bulls you paraded out here when Nasdaq was 5,000″
Absolute must watch…
We can’t help but feel the timing of this tirade against Schiff is spookily prophetic and will be in its own YouTube class in a few years…
The Patriot Act continues to wreak its havoc on civil liberties. Section 213 was included in the Patriot Act over the protests of privacy advocates and granted law enforcement the power to conduct a search while delaying notice to the suspect of the search. Known as a “sneak and peek” warrant, law enforcement was adamant Section 213 was needed to protect against terrorism. But the latest government report detailing the numbers of “sneak and peek” warrants reveals that out of a total of over 11,000 sneak and peek requests, only 51 were used for terrorism. Yet again, terrorism concerns appear to be trampling our civil liberties.
The last week or so has provided several examples of how Western governments aren’t using their increased spy powers for terrorism at all, but rather, are abusing them in almost every other manner imaginable. From tax collectionand raiding manufacturers of female undergarments, to confiscating counterfeit goods.
While powerful, all of that is just anecdotal evidence. What we really need to see are some hard numbers to prove that the “war on terror” is a gigantic fraud simply used to strip citizens’ of their civil liberties. Well, thanks to the Electronic Frontier Foundation (EFF), we now have such numbers.
When it comes to trusting the Obama Administration and, increasingly, the Centers for Disease Control and Prevention, no one is making it harder for Americans to do so than the White House and the bumbling gaggle of bureaucrats and political hacks that it employs.
For weeks now, the CDC chief, Dr. Thomas Frieden, has said that Ebola cannot be spread through casual contact — even as he also stated that persons suspected of being infected should avoid public transportation. President Obama has made similar statements. Continue reading »
Anyone who has been following Edward Snowden’s heroic whistleblowing, and the reporting of Glenn Greenwald on the classified documents that prove egregious violations of the United States Constitution by the NSA, will also be aware of speculation that a “second leaker” had emerged earlier this year. It appears this person may have been identified by the FBI.
The FBI has identified an employee of a federal contracting firm suspected of being the so-called “second leaker” who turned over sensitive documents about the U.S. government’s terrorist watch list to a journalist closely associated with ex-NSA contractor Edward Snowden, according to law enforcement and intelligence sources who have been briefed on the case.Continue reading »
Attkisson speculated on how the Nixon controversy would have been handled in a world filled with today’s television and social media obsessions.
“Nixon would basically refuse to turn over tapes to Congress, his aides would refuse to testify to Congress or would take the Fifth or would lie to Congress with fair amount of impunity,” she said. “Woodward and Bernstein would be controversialized on social media by special and political interests. … Then at the end Nixon would go on a popular late-night comedy show, during which time he would humorously refer to his attackers as people who were political witch-hunters who believed in Area 51-type conspiracy theories.”
In case you forgot, Sharyl Attkisson is the former CBS News reporter who resigned from the network in March after expressing frustration that her stories covering the Obama Administration’s role in the Benghazi and Fast and Furious scandals were being spiked due to a desire to protect the President.
In 2013, Attkisson also expressed her belief that her computer had been hacked, which CBS News subsequently confirmed. CBS reported at the time: Continue reading »
The new court documents describe a second incident involving a 19-year-old woman who was in a DUI crash in Livermore on Aug. 7. On Harrington’s phone, Holcombe located two photos of that DUI suspect in a bikini accompanied by a text message from the day of the arrest from Harrington to Hazelwood: “Taken from the phone of my 10-15x while she’s in X-rays. Enjoy buddy!!!”
A “10-15x” is CHP code for a woman in custody. The woman may have been at a hospital to have X-rays taken after the crash
The worst thing about the government’s reckless response to the financial crisis of 2008, even worse than the trillions in taxpayer bailouts and backstops granted to the financial criminals that created the disaster, is the primary lesson that it sent to American society as a whole. Some people like to call it “moral hazard,” but in more pedestrian terms it really just boils down to: The Bad Guys Got Away with It. Continue reading »
Though there is some debate over the exact income a middle class household brings in, we do have an idea of who the middle class are — most working class people. Today’s bourgeoisie is composed of laborers and skilled workers, white collar and blue collar workers, many of whom face financial challenges. Bill Maher reminded us a few months back that 50 years ago, the largest employer was General Motors, where workers earned an equivalent of $50 per hour (in today’s money). Today, the largest employer — Wal-Mart — pays around $8 per hour.
The middle class has certainly changed. We’ve ranked a list of things the middle class can no longer really afford. We’re not talking about lavish luxuries, like private jets and yachts. The items on this list are a bit more basic, and some of them are even necessities. The ranking of this list is based on affordability and necessity. Therefore, items that are necessity ranked higher, as did items that a larger percentage of people have trouble paying for. Continue reading »
Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are confined within the cozy cocoon of America’s “1%ers”, about the so-called complete disappearance and collapse in inflation. So to help these ivory tower-confined individuals in their holy grail to rediscover the inflation that is more than felt by the rest of America, here are two simple charts.
Once again, You can be the judge. But from i seen in my life, this women looks to be speaking the truth and gets thrown a Huge Curve ball when shown a photo by the media. That decision proves to be Key! The 16 year old neighbor’s reaction is priceless.
So, Either this girl is Lying, Or THEY are Lying. Who Has More To Gain?
The United Nations’ Secretary-General stated that returning workers from Ebola-stricken nations should not be mandatorily quarantined. President Obama expressed his displeasure at mandatory quarantines and “concerns with the unintended consequences of policies not grounded in science.” So, the news that “Army troops returning from Ebola zones will be held in isolation for 21 days,” will likely raise Obama’s ire. The somewhat pathetic and stunning spin here is that Senior Pentagon officials say it is not a “quarantine,” but rather “controlled monitoring.”
*ARMY TROOPS RETURNING FROM EBOLA ZONES TO BE HELD IN ISOLATION