noworldsystem.com


Dodd Bill KILLS Jobs, Creates Permanent Bailout

Dodd Bill KILLS Jobs, Creates Permanent Bailout

NoWorldSystem.com
April 21, 2010

Today, Obama promoted another government takeover bill, this time the financial sector is the target. The bill is basically a sweetheart deal for the banking industry, much like how ObamaCare was a bailout for the insurance companies. The 1,408 page bill includes many provisions like the creation of a permanent and unlimited bailout authority for Wall Street and has the potential for making it difficult for small businesses to succeed.

Obama claims the bill will “put a stop to tax-payer-funded bailouts” when in reality the bill will create a permanent and unlimited bailout mechanism for the big banks and companies that are ‘too big to fail’. “If you liked the bailouts in 2008, you’ll love the Dodd bill,” said Republican Senator David Vitter. “Congressional Democrats and the Obama Administration want to create a permanent bailout mechanism all while spouting their rhetoric of getting tough on Wall Street, but if you look at who is already lining up to support their ‘reform’ measure it’s a who’s who of the big banks that have already received the taxpayer bailout the first time.”

Democrat Congressman Brad Sherman agrees: “There are serious problems with the Dodd bill. The Dodd bill has unlimited executive bailout authority. That’s something Wall Street desperately wants but doesn’t dare ask for.”

The rhetoric by Obama today is just another example of how he slaps the hands of Wall Street to only make sure they prosper on tax-payer-funded bailouts by giving them complete authority. Not only that, but this bill will break the back of small business by placing restrictions on venture capital investing making it harder for small startup businesses to succeed.

Here are a few quotes from a Venture Beat article:

    “First, Dodd’s bill would require startups raising funding to register with the Securities and Exchange Commission, and then wait 120 days for the SEC to review their filing. A second provision raises the wealth requirements for an “accredited investor” who can invest in startups – if the bill passes, investors would need assets of more than $2.3 million (up from $1 million) or income of more than $450,000 (up from $250,000). The third restriction removes the federal pre-emption allowing angel and venture financing in the United States to follow federal regulations, rather than face different rules between states.”

    “Obviously, I’m deeply concerned about Senator Dodd’s proposal to place these restrictions on angel investing. I think angel investing is undeniably one of the largest engines for job creation as well as innovation and competitiveness on the global scale for the United States. There’s no doubt about it that the restrictions that he’s proposing would absolutely chill investing.

    “Specifically, one of the things we need to take into account is while 10 years ago it may have taken years to build a company, companies are now built in a matter of weeks. So this 120-day waiting period is frankly ridiculous. I have companies with tens of thousands and hundreds of thousands of users that are built in a matter of weeks. They’re generating actual dollars of revenue, creating jobs, investing in real estate office space, capital equipment, etc. If they had to wait 120 days to actually apply for the ability to obtain financing it would absolutely just crush that market.”

Obama is one of the biggest puppets for Wall Street, despite all the rhetoric he uses against them. Obama’s greatest allies are the big banks and most of his important constituents are wall street financiers. In 2008, Obama’s campaign was mostly funded by Wall Street, banks like AIG, JPMorgan and Goldman Sachs all played a major financial role for his presidency taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.

Obama and the Democrats in Congress will try to rush this bill in before the American people have the chance to find out what’s in it. Just like ObamaCare, they will use non-transparent and secretive tactics to make sure it becomes law. The bill is likely to hit the floor of the Senate as early as next week.

The Dodd Bill Will Kill America’s Job Creation Engine

Why The Dodd Finance Bill Is Bad For America

Is Goldman Obama’s Enron? No, it’s worse

Will Obama Return $994,795 In Goldman Sachs Campaign Contributions?

Obama Now Pushing Sneaky Wall Street Bailout

Obama-Dodd financial bill would further enrich Goldman Sachs

Geithner ‘very confident’ US finance reform will pass

Obama Claims He’s Not a Puppet for Big Banks

 



Obama: The American Economy Isn’t Coming Back Anytime Soon

Obama: The American Economy Isn’t Coming Back Anytime Soon

http://www.youtube.com/watch?v=8aA74Q_d49w

 



The Other 95% Thanks Obama For All The Taxes!

The Other 95% Thanks Obama For All The Taxes!

http://www.youtube.com/watch?v=E5R-RscWHSc

 

“The Other 95%” Group Crashes Tea Party

http://www.youtube.com/watch?v=CsyIQNJlyy0

 

Networks Fail to Report on VAT Tax Since Volcker Call for Tax Increases

Business & Media Institute
April 15, 2010

As procrastinators rush to beat the April 15 tax deadline and thousands rally at Tea Parties to oppose out of control government spending, politicians and the national news media are mulling the possibility of a new European-style national sales tax.

On April 6, former Federal Reserve chairman and current White House economic adviser Paul Volcker revealed the Obama administration’s possible strategy to tame massive deficits with a value-added tax (VAT).

“Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax ‘was not as toxic an idea’ as it has been in the past and also said a carbon or other energy-related tax may become necessary,” Reuters reported.

“If at the end of the day we need to raise taxes, we should raise taxes,” Volcker added that day. In Europe, VAT taxes range from about 16 percent to 25 percent with an average of roughly 20 percent, according to Olivier Garret of Casey Research. Garrett, who grew up in France, called the VAT “a license to steal without people knowing it.”

A VAT is a consumption tax “levied along stages of production,” according to the Wall Street Journal. In contrast to Garret, Fortune called it an “extremely efficient, virtually fraud-free way to collect money.” But it is also a regressive tax that hits the poor and middle-class and would contradict Obama’s pledge to protect taxpayers.

Despite the huge news that the White House was leaving the door open to additional taxes that would hit the poor and middle class especially hard, the three broadcast networks haven’t mentioned a VAT tax at all since Volcker’s speech. In the previous three months, only NBC’s “The Chris Matthews Show” has even brought up the issue.

In contrast to the networks’ silence, Fox News Channel and Fox Business Network have brought up the VAT in more than a dozen programs since Volcker’s speech. But some print and online news media, including Reuter’s columnist Christopher Swann and Fortune’s Shawn Tully, actually promoted the idea of a VAT.

On Feb. 10, Tully wrote, “America is hurtling towards a fiscal trap that is forcing us into the only option we’ll have to restore budgetary sanity: A Value-Added Tax.”

CNN.com also supported VAT on April 13 suggesting the U.S. “can learn from New Zealand when it comes to taxes.” The article cited New Zealand as the “best” example of a VAT.

“So who does it best? Tax experts and economists point to New Zealand, where a 12.5 percent goods and services tax applies uniformly to nearly everything with very limited exceptions – only rent paid for a private home, charitable contributions and interest earned are exempted. (The government offers clear details, too, on its website.),” wrote CNN’s Dody Tsiantar.

But according to Dan Mitchell, a CATO Institute senior fellow and Business & Media Institute adviser, a value-added tax would be “an economy-killer.”

“Don’t get me wrong: The VAT – on top of all the other taxes Washington imposes – is a terrible idea. Imposing it would pretty well finish the transformation of our country into a European-style slow-growth nation. The right way to close Uncle Sam’s gaping deficits is to reverse the continued explosion of federal spending,” Mitchell wrote in a New York Post op-ed.

Mitchell explained that a VAT has the “virtues” of simplicity and less economic distortion, but ONLY if it were to replace the Internal Revenue code. That, however, is not what Volcker or Sen. Kent Conrad and House Speaker Nancy Pelosi have suggested.

In Mitchell’s opinion, the end result would be a huge expansion of government, rather than deficit reduction.

Liberals Predict, Promote VAT Tax

Especially after Volcker’s comments, the mainstream media should have been examining value-added taxes, talking to tax experts and publicizing the fact that this sort of a tax would be yet another violation of Obama’s pledge to protect the middle-class from tax increases. But they weren’t.

In the past three months, a value-added tax has only been mentioned on one network program: NBC’s weekend talk show “The Chris Matthews Show.”

Matthews casually mentioned the options for reducing deficits on his April 4 program, saying, “You know, cutting deficits comes down to two decisions: you’ve got to raise taxes somewhere with a value-added tax or something, or you’re going to cut benefits. Neither one are pleasant for politicians.”

Guest David Ignatius of The Washington Post joined the discussion predicting that Obama would “build a case for a value-added tax, which gets us out of the – out of this mess.”

The tax was mentioned on CNN during a special called “I.O.U.S.A. Solutions” April 11. That special hosted by Christine Romans aired video clips from the documentary and then discussed the proposals with several panelists.

Panelist Maya MacGuineas, who was in the documentary, told viewers that even with necessary spending cuts there is no way to fix the deficit without raising taxes.

Robert D. Reischauer, former director of CBO and President of the Urban Institute, claimed in the video: “We’re going to have to look at consumption taxes like a value added tax or some form of national sales tax as a mechanism for maintaining some of the benefits that we are promised through our entitlement programs.”

But in the panel discussion that followed no one pointed out the flaws of VAT or mentioned any of the harm it could do to the American economy.

On April 8, the overwhelmingly liberal cable network MSNBC mentioned the problem liberals have with a VAT.

“There is a problem. A value-added tax tends to be regressive. There are ways to deal with that – one way is to provide an income tax credit to offset the regressivity at the bottom. That might sound like a radical liberal proposal, but it’s basically the same thing the national retail sales tax or FairTax people have been proposing,” Leonard Burman of Syracuse University told Ed Schultz.

Burman was correct about the regressive nature of a value-added tax, but not about its similarity to the FairTax.

FairTax proponents would like to see the entire federal taxation system replaced with a progressive national retail sales tax. It would include a “prebate to ensure no American pays federal taxes on spending up to the poverty level.” The recent calls for a VAT have been for additional taxation, not reforming the confusing current system.

I Wanna Be Like Europe (or New Zealand)

Proponents of a VAT often lament that the U.S. is only developed nation that doesn’t have one.

That was Alice Rivlin’s argument for a VAT in the film I.O.U.S.A. Solutions. Rivlin, senior fellow for the liberal Brookings Institution, said “all the industrialized countries have a national sales tax of some sort.”

CNBC guest co-host Mark Olson, Corporate Risk Advisors co-chairman, praised the success of value-added taxes in Europe.

“A VAT makes a little bit more sense … But the value-added tax, I don’t think there’s a chance that’s gonna happen this year. But it’s gonna be something – it seems to work well in Europe.” Olson said on “Squawk Box” April 12.

In response, “Squawk Box” co-host Joe Kernen groaned that “We’re turning into, we’re turning into” Europe.

Reuters economic columnist Christopher Swann supported the creation of a VAT tax. He called it a “money machine,” and said “America is alone among rich nations in not charging a VAT, and its continued unwillingness to do so will make it harder to cope with the fiscal challenges ahead.”

Instead of suggesting we emulate Europe, CNN.com highlighted New Zealand’s example calling it the “best.”

“In New Zealand, it [VAT] contributes about 25 percent to the government’s bottom line, and the Tax Policy Center in December projected that a 5 percent VAT tax here would generate over $3 trillion in revenue by 2019. That’s not enough to cover America’s huge debt obligations, of course, but it’s a start,” CNN said.

But conservative and libertarian tax experts like Dan Mitchell oppose following in the footsteps of Europe or New Zealand and warn that such a taxation plan will lead to bigger government, more spending and make it easier to raise taxes in the future.

Mitchell explained that “real-world evidence shows that VATs are strongly linked with both higher overall tax burdens and more government spending. In 1965, before the VAT swept across Europe, the average tax burden for advanced European economies (the EU-15) was 27.7 percent of economic output, versus 24.7 percent of GDP in the United States.”

Then Europe instituted VATs (and the European Union requires its member to impose VATs of at least 15 percent) and the tax burden of EU-15 nations rose to nearly 40 percent, compared to 28 percent in the U.S. According to Mitchell, government spending rose in Europe along with the VATs: from 30.1 percent of GDP to 47.1 percent of GDP.

Another CATO expert, Chris Edwards opposes adding to the tax burden and would prefer spending cuts. “I think America has prospered because the general level of taxation has been lower than Europe,” Edwards told CBSNews.com.

But even tax experts who “loathe” the idea of a VAT think the U.S. will head in that direction. Ryan Ellis, tax policy director at Americans for Tax Reform, told CBSNews.com “I think it’s coming, in the next five to 10 years certainly.”

Obama’s “Value-Added Tax” would hurt the poor and middle-class

Bilderberg: Raise Taxes, Cut Services in U.S. and Europe

 



Huge New Tax is Coming, It’s an Economy Killer

Spend It Now! A Huge New Tax Is Coming…

Daily Wealth
April 9, 2010


Everything you buy is about to become 20% more expensive…

I’m not kidding. The latest idea out of Washington is to pay for its insatiable appetite for spending with what’s called a “Value-Added Tax.”

It’s like a huge new national sales tax, on everything. In simple terms, the difference is that with a sales tax, the consumer pays it. With a “VAT,” the manufacturer pays it. The consumer won’t see it in the price on the shelf or on their receipt.

Politicians love this tax because it’s a stealth tax… You can’t see it when you buy something, but they still get their money. And unless you make your voice known, chances are excellent we’ll eventually have a Value-Added Tax here.

The thing is, making things 20% more expensive here and giving that money to politicians won’t save America. It’ll make us less competitive. For Exhibit A, consider the state of European governments right now…

Greece, for example, has a VAT of 21%. Its government is bankrupt. The Value-Added Tax didn’t save Greece.

Italy and Portugal have a VAT of 20%, and they’re only a little less bankrupt than Greece.

Astoundingly to me, the Value-Added Tax in France has now crept up to a full 50% of France’s government revenues. So how are things going in France with a Value-Added Tax?

France is unable to compete in the world. Unemployment is terminally high. The unemployment rate is now 10% in France. In 2005, the unemployment rate was 10%. And back in 2000, unemployment stood at 11%. Like I said, it’s terminal…

Clearly, the system is not working. So why is the U.S. government in such a hurry to adopt it?

The Wall Street Journal explained it yesterday: “Taxes on the rich can’t begin to finance the levels of new spending that the current government has unleashed… ”

And foreign governments have been less willing to buy our government bonds lately. So the government needs a new source of a lot of money.

At first, a Value-Added Tax will be offered up by politicians as a small tax – just a temporary fix to get us over the hump on our current budget woes. But we know how it will go… Like all taxes (and parasites), it will become permanent in our lives and it will steadily grow. Remember, the VAT in France is now 50% of government revenue.

All we can do right now is let our politicians know we’re against more taxes… because we know down in our toes that governments spend every dollar that comes in… and then some.

Think about it this way: When your child has overspent on the credit card, you don’t hand over a new card to spend on.

We don’t want to give our politicians a new credit card to ring up charges. Reject their request for another massive credit card, in the form of a Value-Added Tax.

Oh, the other thing you can do is make all your big purchases soon, before a Value-Added Tax comes along and adds 10%-20% to the price of everything you buy…

 

VAT attack: Beware: ‘Value-added tax’ is an economy-killer

New York Post
April 12, 2010


Paul Volcker

One of President Obama’s top economic advisers, former Fed chief Paul Volcker, suggested this week that it’s time for America to adopt a VAT, or value-added tax. The White House yesterday downplayed the idea — but it’s sure to resurface: It’s an inevitable consequence of a government that’s too big now and likely to grow even bigger thanks to Washington’s reckless spending spree.

Don’t get me wrong: The VAT — on top of all the other taxes Washington imposes — is a terrible idea. Imposing it would pretty well finish the transformation of our country into a European-style slow-growth nation. The right way to close Uncle Sam’s gaping deficits is to reverse the continued explosion of federal spending.

The VAT is a type of national sales tax, levied on the value-added at each stage of production. Consider a piece of furniture: The VAT would be imposed when the raw timber is sold, when the sawmill produces lumber, when the manufacturer builds a chair, a tax at the wholesaler level and then when a retailer sells the chair to a consumer.

To avoid double taxation, each seller along the way gets a credit for taxes paid at earlier stages of the production process. So the final tax to the consumer, at least in theory, is the same as a retail sales tax of the same amount.

The VAT has its virtues: As a single-rate, consumption-based system, much like the flat tax or national sales tax, it would introduce far fewer economic distortions than today’s income tax — and a heckuva lot less paperwork.

That would be a persuasive argument — if proponents wanted a VAT to replace the Internal Revenue code. But that’s not what’s intended by Volcker — or Senate Budget Committee Chairman Kent Conrad and House Speaker Nancy Pelosi, who’ve also been chatting up the VAT.

The politicians want a VAT, and they want to keep the income tax. (To be more accurate, they want a VAT and to raise other taxes as well.)

They want the cash, of course, so they can continue buying votes by spending other people’s money.

This decade already has seen a huge expansion of government. In the Bush years, federal spending rose from $1.8 trillion in 2001 to $3.5 trillion in the last Bush budget. Now President Obama is well on the way to doubling outlays yet again.

He has already saddled the economy with $800 billion of “stimulus” and a giant new health-care entitlement, and his proposals for next year will push the federal budget even higher.

Meanwhile, our aging population and the built-in growth in federal programs like Medicare, Medicaid and Social Security has a dramatic expansion in the size of government set to occur automatically in coming decades.

Simply stated, there’s no way to finance all this new spending without an added broad-based tax. But this is exactly why we should vigorously resist a VAT.

Blocking a VAT may not be sufficient to control the size of government, but it’s necessary. Handing Washington a whole new source of revenue would be akin to giving keys to a liquor store to a bunch of alcoholics.

Read Full Article Here

Will America Get a Value Added Tax (VAT)?

Chuck Norris: More Tyranny Plus More Taxes Equals More Protests

Great American Tax Strike April 15-18th

 



Bilderberg: Raise Taxes, Cut Services in U.S. and Europe

Bilderberg: Raise Taxes, Cut Services in U.S. and Europe

NoWorldSystem.com
April 11, 2010

The Bilderberg Group will meet in Sitges Spain on June 3-6 in efforts to advance their agenda for a new global economic system, they will agree to prolong the recession until 2011. The Bilderberg will discuss plans to level the living standards of Europeans and Americans with 3rd world countries so that we’re all poor together under their World Government Dictatorship.

Bilderberg watcher Jim Tucker discusses his inside information on the groups current agenda; they intend to make all “Europeans and Americans to pay higher income taxes because their plan to level the world so that 3rd world countries rather than living the European and American standard of living drops until we’re all poor together under their world government.” says Jim Tucker. “They manipulated the worldwide depression and now their exploiting it for their own selfish reasons, they intend to [prolong the recession] at least until 2011 for their own purposes, and now we have Bernanke (Bilderberg Member) telling a private group businessmen in Texas ‘it always seems easier putting them off until the day they cannot be put off any more’ he said that ‘we’ve got to raise taxes and cut services.'”.

UPDATE

This week, both past Bilderberg attendees Bernanke and Volcker called out for tax increases.

Bernanke said quote; “These choices are difficult, and it always seems easier to put them off — until the day they cannot be put off anymore.” “To avoid large and ultimately unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above,”. [Source]

Obama’s economic adviser Paul Volcker has promoted an economy killing tax called the ‘Value-Added Tax’ (VAT), on Tuesday he urged the U.S. should raise taxes to help bring deficits under control and add a new European-style VAT tax along with a carbon or other energy-related tax and raise existing taxes, here’s what he said; “If at the end of the day we need to raise taxes, we should raise taxes,”. [Source]

http://www.youtube.com/watch?v=IpfCasUwYgQ

Prisonplanet.com
April 9, 2010

This year’s confab will focus around prolonging the global financial recession and creating more economic woe in order to provide the pretext for more regulation in pursuit of world economic governance, according to Jim Tucker’s sources.

“Bilderberg hopes to keep the global recession going for at least a year, according to an international financial consultant who deals personally with many of them. This is because, among several reasons, Bilderberg still hopes to create a global “treasury department” under the United Nations. Bilderberg first undertook this mission at its meeting last spring in Greece, but the effort was blocked by nationalists in Europe and the United States. “Nationalists” (a dirty word in Bilderberg) objected to surrendering sovereignty to the UN,” writes Tucker.

Tucker’s source highlighted a recent speech by French President Nicolas Sarkozy in which he called for a “new global monetary order.” As we have highlighted, such rhetoric has been abundant over the past year, with British Prime Minister Gordon Brown and EU President Herman Van Rompuy repeatedly echoing similar ideas.

As Bilderberg investigator Daniel Estulin revealed during last year’s Bilderberg meeting in Greece, elitists were planning to paint a false picture of economic recovery in order to sucker investors into ploughing their money back into the stock market, which is exactly what has happened with the Dow soaring back to just below the 11,000 level.

Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey.

“Bilderberg’s ultimate goal remains unchanged,” writes Tucker. “Turn the UN into a world government with “nation-states” becoming merely geographic references. The European Union is to become a single political entity, followed by the “American Union” and, finally, the “Asian-Pacific Union.” The “American Union” is to include the entire Western Hemisphere, including Cuba and other offshore islands.”

Bilderberg to Prolong Global Financial Recession For Another Year

Bilderberg Elite Plan Economic Depression

 



MSNBC’s Ratigan: The Great Bank Con Job

MSNBC’s Ratigan: The Great Bank Con Job

http://www.youtube.com/watch?v=Gwm0ESZJSRI

 

JPMorgan Instructs Homeowners To Stop Making Payments Then Takes Their Homes

Courthouse News Service
April 6, 2010

JPMorgan Chase instructed homeowners to stop making mortgage payments, as that was the only way to be considered for a loan modification, then repossessed their house when they followed the bank’s advice, a couple claims in Federal Court. “I’ve seen this happen to so many people,” their attorney said. “When they come in here to tell me their story, I can actually tell it to them.”

Faiz and Khadua Jahani sued Morgan Chase and its predecessor, Washington Mutual Bank, on their own behalf and on behalf of the public.

“When they called the 800 number, they were specifically told that as long as they were current on their mortgage they wouldn’t even be considered for a loan modification,” the couple’s attorney, Piotr Reysner, said in an interview.

In their federal complaint, the Jahanis say they contacted the bank in December 2008 “to indicate that they were having trouble paying their mortgage and would like to discuss a possible loan modification.”

The Jahanis say the bank representative told them “that they would not work with plaintiffs at all because they were currently not in breach of their loan terms. Plaintiffs were specifically advised at that time to stop making payments for a period of three months, at which time defendants would consider a loan modification. Plaintiffs were specifically informed that as long as they were current on their mortgage payments, that defendants would not consider a loan modification.

“Reasonably relying on the direction of defendants, plaintiffs stopped making their loan payments. Plaintiffs are informed and believe and thereon allege that defendants immediately reported to the various credit reporting agencies (Equifax, Experian and TransUnion) that plaintiffs were late on their mortgage payments.

“On or about June 23, 2009, defendants sent a letter to plaintiff entitled ‘Notice of Intent to Foreclose,’ indicating that plaintiffs were past due in their mortgage in the amount of $100.65 and that plaintiffs need to bring the account current within 30 days to avoid foreclosure proceedings. No Notice of Default accompanied the letter, nor was any Notice of Default ever served on plaintiffs.”

Months of correspondence between the Jahanis and Chase followed, with the Jahanis repeatedly sending Chase documents it had requested, and Chase repeatedly sending them letters claiming it had not received proper documentation and that their loan modification was “in jeopardy.”

Read Full Story Here

 

Here comes the next bubble – carbon trading

http://www.youtube.com/watch?v=7SFywA_LQuU

 

Why Americans accept getting conned into financial slavery

http://www.youtube.com/watch?v=eWqD_VOympU

 



Detroit family homes sell for just $10

Detroit family homes sell for just $10

London Telegraph
March 12, 2010

Family homes in Detroit are selling for as little as $10 (£6) in the wake of America’s financial meltdown.

The once thriving industrial city has suffered a dramatic decline following the global economic crisis.

According to Tim Prophit, a real estate agent, the crisis has led to a unprecedented portfolio of homes, but they are failing to sell.

He said there were homes on the market for $100 (£61), but an offer of just $10 (£6) would be likely to be accepted.

Speaking on a BBC 2 documentary, Requiem for Detroit, to be screened on Saturday, Mr Prophit said: “The property is listed by the city of Detroit as being worth $35,000 (£22,000), but the bank know that is impossible to ask.

Read Full Article Here

 

The Death of Detroit (Pictures of an Economic Disaster)

http://www.youtube.com/watch?v=XmFzgWn-tYA

Obama: US cities may have to be bulldozed in order to survive

 



Obama’s Stimulus Bill Will Be Called a ‘Jobs Bill’

Congressman: “We’re told not to call it another stimulus bill, we’re calling it a jobs bill”

http://www.youtube.com/watch?v=eEyqf3yoKsk

http://www.youtube.com/watch?v=NYlrDESEZ5E

 

We must spend out way out of recession (and into DEBT)

http://www.youtube.com/watch?v=0JNHj2sP-Y0

Government Uses Stimulus Money To Buy Naked Body Scanners

Senate sends $1.1 trillion spending bill to Obama

$5,500 Golf Cart Tax Credit in Obama Stimulus Bill

 



America’s Impending Master Class Dictatorship

America’s Impending Master Class Dictatorship

cryptogon.com
January 23, 2010

Holy shit, this one will scorch your eyeballs!

Forget my excerpts. Click through and read the whole thing. Highly recommended.

Via: Kitco:

Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.

One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.

According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.

It is estimated that the top 1% of Americans control roughly 40% of the nation’s wealth. In other words, 3 million people own $21,400,000,000,000.00 ($21.4 trillion) in net private assets, while the other 305 million own the remaining $32,000,000,000,000.00 ($32 trillion). 77,000,000 (77 million) Americans (the lowest 25%) have mean net assets of minus $2,300 ($-2,300.00) per person; they live from paycheck to paycheck, or on public assistance. The lower 50% of Americans own mean net assets of $27,800 each, about enough to purchase a modest car. Obviously, it would be impossible to retire on such an amount without significant government or other assistance. Meanwhile, the richest 10% of Americans possess mean net assets of $3,976,000.00 each, or 143 times those of the bottom 50%; the top 2% control assets worth more than 1,500 times those in the bottom 50%. When you combine these facts with Wall Street’s typical multi-million dollar annual bonuses, you get an idea of wealth inequality in America. Historically, such extreme inequality has been a well-documented breeding ground for totalitarianism.

If the government decides to expropriate (steal) or commandeer (e.g., force into Treasuries) America’s private wealth in order to buy survival time, such a measure will be designed to destroy the common citizens, not the elite. Insiders will be given advance warning about any such plan, and will be able to transfer their money offshore or into financial vehicles immune from harm. Assuming that the elite moves its money to safety, there would then be $120,000,000,000,000.00 ($120 trillion) in American debt and liabilities supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth, for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each American would owe $285,714.29 to balance the country’s books. (Remember to multiply this amount by every person in your household, including any infant children.)

If the common people suspect that something diabolical was in the works, a portion of the $32 trillion in non-elite wealth could be evacuated as well prior to a government expropriation and/or currency devaluation, resulting in less money for the government to steal. What these statistics mean is that it is absolutely impossible for the government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the government’s only solutions are either formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that a PhD. in economics, such as Dr. Bernanke, is well aware of these realities, despite what he might say in speeches. For that matter, so are Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face. One day, perhaps America’s school children will receive a real education so that they, too, will know when to laugh at absurd propaganda.

These deficits and debts are now so gargantuan that they have become surreal abstractions impossible even for sophisticated financiers to begin to comprehend. The common citizen has absolutely no idea what these numbers mean, or imply for his or her future. The people have been deluded into thinking that America’s arrogant, egomaniacal, always-wrong-but-never-in-doubt fiscal witch doctors and charlatans, including Greenspan, Rubin, Summers, Geithner and Ponce de Bernanke, have discovered a Monetary Fountain of Youth that endlessly spits up free money from the center of earth, in a geyser of good will toward the United States. Unfortunately, this delusion is false: there is no Monetary Fountain of Youth, and contrary to the apparent beliefs of the self-deified man-gods in Washington, D.C., the debt and deficits are real, completely out of control, and 100% guaranteed to create catastrophic consequences for the nation and its people.

When government “representatives” deliberately sell into slavery the citizens of a so-called free Republic, they have committed treason against those people. This is exactly what has happened in the United States: the citizens have been sold into debt slavery that they and their descendants can never escape, because the debts piled onto their backs can never, ever be paid. Despite expensive and sophisticated brainwashing campaigns emanating from Washington, claiming that America can “grow” out of its deficits and debt, it is arithmetically impossible for the country to do so. The government’s statements that it can dig the nation out of its fiscal hole by digging an even deeper chasm have become parodies and perversions of even totally discredited and morally disgusting Keynesianism.

The people no longer have elected representatives; they have elected traitors.

The enslavement of the American people has been orchestrated by a pernicious Master Class that has taken the United States by the throat. This Master Class is now choking the nation to death as it accelerates its master plan to plunder the people’s dwindling remaining assets. The Master Class comprises politicians, the Wall Street money elite, the Federal Reserve, high-end government (including military) officials, government lobbyists and their paymasters, military suppliers and media oligarchs. The interests and mindset of the Master Class are so totally divorced from those of the average American citizen that it is utterly tone deaf and blind to the justifiable rage sweeping the nation. Its guiding ethics of greed, plunder, power, control and violence are so alien to mainstream American culture and thought that the Master Class might as well be an enemy invader from Mars. But the Master Class here, it is real and it is laying waste to America. To the members of the Master Class, the people are not fellow-citizens; they are instruments of labor, servitude and profit. At first, the Master Class viewed the citizens as serfs; now that they have raped and destroyed the national economy, while in the process amassing unprecedented wealth and power for themselves, they see the people as nothing more than slaves.

 

Know Your Enemy-The Oligarchs

http://www.youtube.com/watch?v=zR9JQAl519Y

 



Is the Vatican Practicing Child Sacrifice?

Is the Vatican Practicing Child Sacrifice?

NoWorldSystem
January 13, 2010

“Nothing, in this world, works the way you think it does.” -Jordan Maxwell

Child sacrifice, trauma-based mind control, what do they have in common? They are both used by the largest cult in the world; the Illuminati.

The Illuminati is a cult created by Adam Weishavpt on May 1, 1776. It is a culmination of secret societies that strive to create a global government called a ‘New World Order’, where the United Nations is the framework for the birth of global institutions (ex: WHO, IMF).

The main agenda of the Illuminati is to completely control all governments, religious and financial institutions of the world. Unfortunately they have succeeded in that effort, they have total dominance over the United States (the seal of the Illuminati is on the back of the one-dollar bill), Russia, the European Union and even the Vatican.

They stage military coups against opposing government, install agents and create a puppet-government so that they become in favor of a New World Order. They have infiltrated the mainstream media, all forms of entertainment and even public schools. We all live in this scientific dictatorship that many aren’t aware of, the public is in a trance, our beliefs and opinions are constantly being shaped so that we are in favor of the agenda. One example is Global Warming, promoting the idea that Co2 is a deadly pollutant that should be taxed on a global scale and that a One World Government is needed to solve this problem.

We live in a world were one family bloodline is in control of this New World Order, the bloodline is called the Merovingian bloodline that dates back to the Priory of Sion, the group was sworn to protect the bloodline that now exists in the European monarchy. Many think that all U.S. presidents are elected ‘by the people’, the reality is all 45 U.S. presidents including Obama are the heirs of the Merovingian bloodline. For example, Obama and George W. Bush are 11th cousins and Queen Elizabeth and George W. Bush are 13th cousins.

http://video.google.com/videoplay?docid=5851235025428110185&hl=en#

Many still believe that this country won its independence from the British in 1776, the reality this country has always belonged to the British monarchy, stolen from the Native Americans. The ‘United States’ technically means a ‘Federal Corporation’ of the British crown, and the citizens are nothing more than indentured servants to Europe. The Private Bank called the U.S. Federal Reserve (the system that is now collapsing the U.S. economy through devaluation) is part owned by the Bank of England. Many wonder why big banks like Goldman Sachs and JP Morgan get taxpayer-funded bailouts, well it’s because they are too part owners of the U.S. Federal Reserve, private corporation.

To the elite, humans are all considered slaves that bear no ‘inheritable blood’ and they believe every aspect of human life should be regulated and taxed for the benefit of the elite. They believe that the human lifespan should be cut down by introducing toxic chemicals into our lives, they also believe they should “maintain humanity under 500,000,000 in perpetual balance with nature” according what is written on the Georgia Guidestones.

We are saturated in a mirth of television, drugs and entertainment for this reason, to keep the population away from the truth of what is being perpetuated against us.

Trauma-Based Mind Control

One of the ways the Illuminati influences the masses is by trauma-based mind control, by creating physical and mental pain on a victim so that they become groomed over time for leadership positions. Many whistleblowers for this reason have come out of the dark to reveal these secrets. Trauma-based mind control is used to create Dissociative Identity Disorder (DID), a condition in which a person displays multiple personalities that a mind control programmer is able to manipulate.

Svali (a pseudonym for obvious reasons) explains it best, she is an ex-Illuminati mind control programmer who was born into ‘the family’, she wrote an excellent book called Breaking the Chain – Breaking Free Of Cult Programming that exposes the nature of the cult in great detail.

    Intentional programming of an infant in the Illuminati often begins before birth. Prenatal splitting is well known in the cult, as the fetus is very capable of fragmenting in the womb due to trauma. This is usually done between the seventh and ninth month of pregnancy. Techniques used include: placing headphones on the mother’s abdomen, and playing loud, discordant music (such as some modern classical pieces, or even Wagner’s operas). Loud, heavy rock has also been used. Other methods include having the mother ingest quantities of bitter substances, to make the amniotic fluid bitter, or yelling at the fetus inside the womb. The mother’s abdomen may be hit as well. Mild shock to the abdomen may be applied, especially when term is near, and may be used to cause premature labor, or ensure that the infant is born on a ceremonial holiday. Certain labor inducing drugs may be also given if a certain birth date is desired.

    Once the infant is born, testing is begun at a very early age, usually during the first few weeks of life. The trainers, who are taught to look for certain qualities in the infant, will place it on a velvet cloth on a table, and check its reflexes to different stimuli. The infant’s strength, how it reacts to heat, cold, and pain are all tested. Different infants react differently, and the trainers are looking for dissociative ability, quick reflexes, and reaction times. They are also encouraging early dissociation in the infant with these tests.

    The infant will also be abused, to create fragments. Methods of abuse can include: rectal probes; digital anal rape; electric shocks at low levels to the fingers, toes, and genitalia; cutting the genitalia in ritual circumstances (in older infants). The intent is to begin fragmentation before a true ego state develops, and customize the infant to pain and reflexive dissociation from pain (yes, even tiny infants dissociate; I have seen it time and time again; they will glow blank and limp, or glassy, in the face of continued trauma.)

    Isolation and abandonment programming will sometimes be begun as well, in a rudimentary sense. The infant is abandoned, or uncared for by adults, intentionally during the daytime, then picked up, soothed, cleaned up and paid attention to in the context of preparing for a ritual or group gathering. This is done in order to help the infant associate night gatherings with “love” and attention, and to help the bonding process to the cult, or “family”. The infant will be taught to associate maternal attention with going to rituals, and eventually will associate cult gatherings with feelings of security.

    As the infant grows older, i.e. at 15 to 18 months, more fragmenting is intentionally done by having the parents as well as cult members abuse the infant more methodically. This is done by intermittently soothing, bonding with the infant, then shocking it on its digits; the infant may be dropped from heights to a mat or mattress and laughed at as it lays there startled and terrified, crying. It may be placed in cages for periods of time, or exposed to short periods of isolation. Deprivation of food, water, and basic needs may begin later in this stage. All of these methods are done in order to create intentional dissociation in the infant.

Child Sacrifice

In this interview, Svali explains a more public technique of trauma-based programming by child sacrifice carried out during an induction ceremony at the Vatican.:

http://www.youtube.com/watch?v=MQJyPkSjuZE

Public trauma-based mind control has been used constantly against us, for example, 9/11. Many people were so traumatized from the events of September 11th that they would have believed anything the U.S. government had put out based on fear alone. Like torture, terrorism is used to intimidate or coerce subject(s) into behaving and thinking a certain way so that the person(s) remain obedient and do what they are told. 9/11 was the mega-ritual that has accomplished many goals including the invasion of Iraq and Afghanistan because we were constantly told that the terrorists will hit us again if we didn’t do something about it.

“Fear is a strong basis for mind control, whether it’s the kind of mind control that is the mass-mind control over a whole society or if it’s the kind of absolute robotic mind control that I experienced under MK-ULTRA on a U.S. Pentagon level.” -Cathy O’Brien

Cathy O’Brien is also a victim of mind control (was not born into ‘the family’), she tells her story how she was sold by a sexually abusive father to the military industrial complex; “A local politician that was sanctioning this child pornography ring was associated with my grandfather’s blue masonic lodge, when this one particular politician came to my father and told him he can receive immunity from prosecution if he would sell me into MK-ULTRA mind control. My father was thrilled, he agreed to sell me into the project and was trained in how to raise me for MK-ULTRA.”

http://video.google.com/videoplay?docid=-8864457841954131110&hl=en

http://video.google.com/googleplayer.swf?docid=-3762344960926032892&hl=en&fs=true

 



Tea Party: A Tool For Freedom or Racism?

Tea Party: A Tool For Freedom or Racism?

NoWorldSystem
January 17, 2010

I guess it’s up to the people, do we want Tea Parties to unite us all, regardless of your skin-color against government tyranny or have it infiltrated by feds and hate groups using the movement as a spring-board for recruiting?

This is precisely what the New World Order aristocrats want, in the midst of a depression provoke racial tension in the media so we end up fighting each-other rather than stand united against government tyranny and against the ‘ruling class’ establishment that has buried this country into financial bankruptcy.

The media is a tool used to shape opinions and beliefs, racism, like party-politics is used to divide Americans on political issues of the day. Now that a black president that happens to be a member of the establishment has been elected, racial hate will continue to increase in the days to come.

http://www.youtube.com/watch?v=_sQ7JCgbYc4

 



Obama Signed Plans For Martial Law Apparatus

Obama Signed Plans For Martial Law Apparatus

Blacklisted News
January 16, 2010


U.S. government is ratcheting up the militarized police state as they anticipate massive resistance to the economic collapse.

In the wake of the Flight 253 provocation, over-hyped terrorism panics, and last year’s Big Pharma and media-engineered hysteria over the H1N1 flu pandemic, President Barack Obama signed Executive Order 13528 on January 11.

Among other things, the Executive Order (EO) established a Council of Governors, an “advisory panel” chosen by the President that will rubber-stamp long-sought-after Pentagon contingency plans to seize control of state National Guard forces in the event of a “national emergency.”

According to the White House press release, the ten member, bipartisan Council was created “to strengthen further the partnership between the Federal Government and State Governments to protect our Nation against all types of hazards.”

“When appointed” the announcement continues, “the Council will be reviewing such matters as involving the National Guard of the various States; homeland defense; civil support; synchronization and integration of State and Federal military activities in the United States; and other matters of mutual interest pertaining to National Guard, homeland defense, and civil support activities.”

Clearly designed to weaken the Posse Comitatus Act of 1878 which bars the use of the military for civilian law enforcement, EO 13528 is the latest in a series of maneuvers by previous administrations to wrest control of armed forces historically under the democratic control of elected state officials, and a modicum of public accountability.

One consequence of moves to “synchronize and integrate” state National Guard units with those of the Armed Forces would be to place them under the effective control of United States Northern Command (USNORTHCOM), created in 2002 by Bushist legislators in both capitalist parties under the pretext of imperialism’s endless “War on Terror.” At the time, Defense Secretary Donald Rumsfeld called USNORTHCOM’s launch “the most sweeping set of changes since the unified command system was set up in 1946.”

The real-world consequences of those changes weren’t long in coming.

Following their criminal inaction during 2005’s Hurricane Katrina catastrophe, the Bush regime sought, but failed, to seize control of depleted Gulf Coast National Guard units, the bulk of which had been sent to Iraq along with equipment that might have aided the recovery. Bush demanded that then Louisiana Governor Kathleen Blanco sign over control of the Guard as well as state and local police units as the blood price for federal assistance.

At the height of the crisis, Bush cited presidential prerogatives for doing so under the Insurrection Act, a repressive statute which authorizes the President to federalize National Guard units when state governments fail to “suppress rebellion.” How the plight of citizens engulfed by Katrina’s flood waters could be twisted into an act of “rebellion” was achieved when Orwellian spin doctors, aided and abetted by a compliant media, invented a new criminal category to cover traumatized New Orleans residents: “Drowning while Black.”

Fast forward five years. Given the serious implications such proposals would have for a functioning democracy, the media’s deafening silence on Obama’s Executive Order is hardly surprising. Like their role as cheerleaders in the escalating wars in Afghanistan and Pakistan, media self-censorship tell us much about the state of affairs in “new normal” America.

Like his predecessors in the Oval Office, stretching back to the 1960s with Pentagon “civil disturbance” plans such as Cable Splicer and Garden Plot, both of which are continuously updated, our “change” President will forge ahead and invest the permanent National Security bureaucracy with unprecedented power.

Under color of the 2008 National Defense Authorization Act, an unsavory piece of Bushist legislative detritus, “The President shall establish a bipartisan Council of Governors to advise the Secretary of Defense, the Secretary of Homeland Security, and the White House Homeland Security Council on matters related to the National Guard and civil support missions.”

The toothless Council, whose Executive Director will be designated by the Secretary of Defense no less, “shall meet at the call of the Secretary of Defense or the Co-Chairs of the Council.”

Will such a Council have veto power over administration deliberations? Hardly. They are relegated “to exchange views, information, or advice with the Secretary of Defense; the Secretary of Homeland Security” and “the Assistant to the President for Homeland Security and Counterterrorism.”

Additional entities covered by the EO with whom the Governors Council will “exchange views” include, “the Assistant to the President for Intergovernmental Affairs and Public Engagement; the Assistant Secretary of Defense for Homeland Defense and Americas’ Security Affairs; the Commander, United States Northern Command; the Chief, National Guard Bureau; the Commandant of the Coast Guard; and other appropriate officials of the Department of Homeland Security and the Department of Defense, and appropriate officials of other executive departments or agencies as may be designated by the Secretary of Defense or the Secretary of Homeland Security.”

In other words, right from the get-go, the Council will serve as civilian cover for political decisions made by the Executive Branch and the security apparat. EO 13528 continues, “Such views, information, or advice shall concern: (a) matters involving the National Guard of the various States; (b) homeland defense; (c) civil support; (d) synchronization and integration of State and Federal military activities in the United States; and (e) other matters of mutual interest pertaining to National Guard, homeland defense, and civil support activities.”

When news first broke last summer of Obama’s proposal to expand the military’s authority to respond to domestic disasters, it was opposed by the National Governors Association (NGA).

Congressional Quarterly reported that a letter sent on behalf of the NGA opposed creation of the Council on grounds that it “would invite confusion on critical command and control issues, complicate interagency planning, establish stove-piped response efforts, and interfere with governors’ constitutional responsibilities to ensure the safety and security of their citizens,” Govs. Jim Douglas, R-Vt., and Joe Manchin III, D-W.Va., wrote.

According to their August letter to Paul N. Stockton, Assistant Secretary of Defense for Homeland Defense and Americas’ Security Affairs, Douglas and Manchin III argued that “without assigning a governor tactical control” of military forces during a natural disaster such as a flood or earthquake, or an unnatural disaster such as a terrorist attack or other mass casualty event, the “strong potential exists for confusion in mission, execution and the dilution of governors’ control over situations with which they are more familiar and better capable of handling than a federal military commander.”

With slim prospects of congressional authorization for the scheme, in fact the 2008 language was removed from subsequent Defense spending legislation, other means were required. Playing bureaucratic hardball with the governors, this has now been accomplished by presidential fiat, further eroding clear constitutional limits on Executive Branch power.

These maneuvers as I have previously written, have very little to do with responding to a catastrophic emergency. Indeed, EO 13528 is only the latest iteration of plans to expand the National Security State’s writ and as such, have everything to do with decades-old Continuity of Government (COG) programs kept secret from Congress and the American people.

Derided by neocons, neoliberals and other corporatists as a quaint backwater for “conspiracy theorists” railing against “FEMA concentration camps,” Continuity of Government, and the nexus of “civil support” programs that have proliferated like noxious weeds are no laughing matter.

Indeed, even members of Congress are considered “unauthorized parties” denied access “to information on COG plans, procedures, capabilities and facilities,” according to a Pentagon document published by the whistleblowing web site Wikileaks, as are the classified annexes of National Security Presidential Directive 51 and Homeland Security Presidential Directive 20 (NSPD 51/HSPD 20). In a new twist on administration promises of transparency and open government, even the redacted version of these documents have been removed from the White House web site.

As Antifascist Calling previously reported (see: “Vigilant Shield 09: A Cover for Illegal Domestic Operations?“), the Congressional Research Service issued a 46-pagereport in 2008 that provided details on the COG-related National Exercise Program, a “civil support” operation that war games various disaster scenarios.

Among other things, the document outlines the serious domestic implications of military participation in national emergency preparedness drills. CRS researchers pointed to the Reagan-era Executive Order 12656 (EO 12656) that “directs FEMA to coordinate the planning, conduct, and evaluation of national security emergency exercises.” EO 12656 defines a national security emergency as “as any occurrence, including natural disaster, military attack, technological emergency, or other emergency that seriously degrades or seriously threatens the national security of the United States.”

Such programs, greatly expanded by the Bush-era Homeland Security Presidential Directive 8 (HSPD-8), also removed from the White House web site, established “a national program and a multi-year planning system to conduct homeland security preparedness-related exercises.” CRS avers, “The program is to be carried out in collaboration with state and local governments and private sector entities.”

The Defense Department’s role during such emergencies were intended to focus “principally on domestic incident management, either for terrorism or non terrorist catastrophic events.” DoD would play a “significant role” in the overall response. Such murky definitions cover a lot of ground and are ripe with a potential for abuse by unscrupulous securocrats and their corporate partners.

The primary DoD entity responsible for “civil support,” a focus of Obama’s EO is USNORTHCOM and its active combat component, U.S. Army North. However, as with almost everything relating to COG and current plans under EO 13528 that propose to “synchronize and integrate State and Federal military activities,” USNORTHCOM’s role is shrouded in secrecy.

As researcher Peter Dale Scott revealed in 2008, when Congressman Peter DeFazio, Homeland Security Committee Chairman Bennie Thompson and Oversight Subcommittee Chairman Christopher Carney sought access to classified COG annexes, their request was denied by the White House. Scott wrote: “DeFazio’s inability to get access to the NSPD Annexes is less than reassuring. If members of the Homeland Security Committee cannot enforce their right to read secret plans of the Executive Branch, then the systems of checks and balances established by the U.S. Constitution would seem to be failing.”

One hammer blow followed another. In 2008, Army Times reported, that the “3rd Infantry Division’s 1st Brigade Combat Team [BCT] has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys. Now they’re training for the same mission–with a twist–at home.”

Analyst Michel Chossudovsky commented, “What is significant in this redeployment of a US infantry unit is the presumption that North America could, in the case of a national emergency, constitute a ‘war theater’ thereby justifying the deployment of combat units.” According to Chossudovsky, “The new skills to be imparted consist in training 1st BCT in repressing civil unrest, a task normally assumed by civilian law enforcement.”

“It is noteworthy, the World Socialist Web Site commented, “that the deployment of US combat troops ‘as an on-call federal response force for natural or manmade emergencies and disasters’ … coincides with the eruption of the greatest economic emergency and financial disaster since the Great Depression of the 1930s.”

“Justified as a response to terrorist threats,” socialist critic Bill Van Auken averred, “the real source of the growing preparations for the use of US military force within America’s borders lies not in the events of September 11, 2001 or the danger that they will be repeated. Rather, the domestic mobilization of the armed forces is a response by the US ruling establishment to the growing threat to political stability.”

Since USNORTHCOM’s deployment of a combat brigade on U.S. soil, the capitalist crisis has deepened and intensified. With unemployment at a post-war high and the perilous economic and social conditions of the working class growing grimmer by the day, EO 13258 is a practical demonstration of ruling class consensus when it comes to undermining the democratic rights of the American people.

After all, where the defense of wealth and privileges are concerned corporate thugs and war criminals have no friends, only interests…

HR 1585 Authorizes Plans For Martial Law Apparatus

 



Gold May Reach $5,000 an Ounce By 2012

Gold May Reach $5,000 an Ounce By 2012

http://www.youtube.com/watch?v=cdgLCEvAfoY



Obama Executive Order Stokes Martial Law Fears

Obama Executive Order Stokes Martial Law Fears

Paul Joseph Watson
Prison Planet.com
January 12, 2010

An Obama executive order that creates a council of state governors who will work with the feds to expand military involvement in domestic security has stoked fears that the administration is stepping up preparations for martial law.

The order, which is entitled Establishment of the Council of Governors (PDF), creates a body of ten state governors directly appointed by Obama who will work with the federal government to help advance the “synchronization and integration of State and Federal military activities in the United States”.

The governors will liaise with officials from Northcom, Homeland Security, the National Guard as well as DoD officials from the Pentagon “in order to strengthen further the partnership between the Federal Government and State governments,” according to the executive order.

In October 2008, Northcom, a Unified Combatant Command of the United States military based out of Peterson AFB, Colorado Springs, was assigned the 3rd Infantry Division’s 1st Brigade Combat Team returning from Iraq. An alarming September 8 Army Times report which was later denied after it sparked controversy stated that the troops would be used by Northcom to deal with “civil unrest and crowd control” in the aftermath of a national emergency.

The Obama executive order states that governors will help advise the feds on National Guard, homeland defense, and civil support activities.

The fact that the order further blurs the lines between state and federal power, as well as greasing the skids for more military involvement in domestic affairs has stoked fears that Obama may be laying the groundwork for his promised “national civilian security force”.

Conservatives and libertarians responded to the announcement by expressing their suspicion that Obama is preparing to give governors their marching orders in targeting “anti-government” types that have long been characterized as a terrorist threat by the feds in numerous reports stretching back over a decade.

“There is a definite purpose to this,” wrote one commenter on the popular Free Republic website, “The initial steps toward a domestic “Civilian Security Force” in each state, as called for by the fascisti during the campaign. It will be coordinated at the state level, under the authority of DHS and DoD and assorted agencies. The provision will be made for it to be “federalized” in an emergency, as is the National Guard.”

“This is a concrete step toward eliminating the independent authority and dissolving the sovereignty of the several States. It lays the groundwork for the end of the United States as a Republic,” she adds.

Others warn that Obama could be preparing to cancel elections under the justification of a national emergency, a fear that was often expressed when Bush was in office but one that never materialized.

However, the executive order clearly represents another assault on Posse Comitatus, the 1878 law that bars the military from exercising domestic police powers, which was temporarily annulled by the 2006 John Warner National Defense Authorization Act before parts of it were later repealed.

 



SEC Orders AIG Info Sealed Until 2018

SEC Orders AIG Info Sealed Until November… 2018!

Business Insider
January 12, 2010

Good news. It looks as though we’ll be getting access to secret data on the bailout of AIG and its counterparties.

The bad news: We’re going to have to wait until November of 2018, according to Matthew Goldstein at Reuters.

    In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of billions of dollars to big banks like Societe Generale, Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Merrill Lynch.

    The SEC’s Division of Corporation Finance, in granting AIG’s request for confidential treatment, said the “excluded information” will not be made public until Nov. 25, 2018, according to a copy of the agency’s May 22 order.

    The SEC said the insurer had demonstrated the information in the exhibit, called Schedule A, “qualifies as confidential commercial or financial information.” More

By then, Wall Street will have significantly recycled many people (and probably some more firms) and perhaps the American public just won’t care about how Tim Geithner helped bail out a gigantic black hole of a firm, upon which so many ostensibly rock solid firms had their foundation.

Bankergate: Emails Expose Criminal Financial Dictatorship At Work

Geithner’s Fed told AIG to hide “backdoor bailout”

New York Fed Faces House Subpoena Over AIG Bailout

 



Schiff: No Economic Recovery in 2010

Schiff: No Economic Recovery in 2010

http://www.youtube.com/watch?v=DWDD3lTWv9w

 



Food costs to soar as big freeze deepens

Food costs to soar as big freeze deepens

London Guardian
January 9, 2010


Satellite image of the UK covered in white

Britons have been warned to brace themselves for an increase in food prices as plunging temperatures leave farmers unable to harvest vegetables and hauliers struggle to distribute fresh produce.

Gordon Brown, who will chair a meeting of the Cobra emergency committee early this week to discuss the freeze, was today forced to reassure the country that it would not run out of gas or grit for its roads during the coldest weather in 30 years.

Police confirmed today that the weather-related death toll had risen to 26. A 90-year-old woman froze to death in her garden near Barnsley after falling in the snow. Widow Mary Priestland was discovered when her neighbour called round to make her tea. A 42-year-old Newcastle woman died after being found lying in the snow this morning. She had told her family she was going for a walk at 7pm on Friday.

Concerns have now switched to food supply. Sub-zero temperatures have made it impossible to extract some vegetables from the ground. Producers of brussels sprouts and cabbages are all reporting problems with harvesting. Cauliflowers are said to have turned to “mush” in the sustained frost, with the result that only imported ones are available – at more than £2 each.

“Food is selling fast and there is a problem with replenishing it,” said Stephen Alambritis of the Federation of Small Businesses. “One business I spoke to said it was like Christmas Eve, with people rushing to buy up food. This will inevitably have an impact on food prices.”

Food prices had already started to edge up after a sustained period of low inflation. Food inflation increased by 3.7% in December, up from 2.8% in November, said the British Retail Consortium.

In Ireland, 6,000 acres of potatoes remains unharvested and there are claims that up to three-quarters of the crop may be ruined. Potato growers in Northern Ireland say they are facing some of the biggest losses in recent history because of frost damage.

Meanwhile, greengrocers in some of the worst-hit areas are reporting shortages, with the price of carrots and parsnips reportedly rising by 30% in some small shops. A spokesman for the National Farmers’ Union said: “There are isolated examples of farms struggling to get milk supplies out, but so far the majority of farmers, although finding it difficult, are getting on with the job.” Milk suppliers in Somerset said they feared they may have to dump 100,000 litres of organic milk because tankers could not get through.

In a move that underscores the severity of the situation, on Monday the government will permit an emergency relaxation of European laws regulating the driving hours for hauliers involved in the distribution of animal feed. Under the temporary rules, the hauliers will be allowed to drive for 10 hours rather than the EU maximum of nine. There will also be a reduction in their mandatory daily rest requirements, from 11 to nine hours.

Today, the prime minister insisted gas supplies were not running out, despite record levels of demand. In a podcast from Downing Street, Brown said: “I can assure you: supplies are not running out. We’ve got plenty of gas in our own backyard – the North Sea – and we also have access to the large reserves in Norway and Netherlands.”

Last week, nearly 100 large businesses were forced to stop using gas in an attempt to conserve supplies.

Food Shortages in 2010

2010 Will Be Worse

 



Food Shortages in 2010

Food shortages THIS year! Want to know why the media is not covering this?

http://www.youtube.com/watch?v=tomIBiljQdA

2010 Food Crisis For Dummies

 



Geithner Could Face Criminal Charges Over AIG Coverup

Geithner Could Face Criminal Charges Over AIG Coverup

http://www.youtube.com/watch?v=0D7h1Nz7ySA

Lawsuit: Goldman Sachs bonuses bigger than its earnings

Obama Claims He’s Not a Puppet for Big Banks

Cap and Trade is a Goldman Sachs and Enron Scam

Celente: Americans getting raped by Goldman Sachs mafia

 



Bob Chapman: A New U.S. Dollar is Underway

Bob Chapman: A New U.S. Dollar is Underway

http://www.youtube.com/watch?v=IHadp7GXSdk

 



U.S. Cities Turning Into Ghost Towns

U.S. Cities Turning Into Ghost Towns

http://www.youtube.com/watch?v=kAEuix0SD-M

http://www.youtube.com/watch?v=XmFzgWn-tYA

 



Las Vegas Courthouse Shootout Was About Social Security

Las Vegas Courthouse Shootout Was About Social Security

Technorati
January 5, 2010

http://www.youtube.com/watch?v=S7HiFbJyrzk

A spokesman for the Las Vegas Metropolitan Police Department told reporters that a man who began shooting in a federal courthouse was killed by gunfire from seven employees of the U.S. Marshals Service. Authorities believe he acted alone and the gunman was dressed only in black.

Johnny Lee Wicks, the 66-year-old shooter, opened fire Monday morning in a federal courthouse in Vegas, killing one security officer and wounding a deputy marshal. They say he was angry about losing his social security benefits.

Read Full Article Here

 



No Jobs for The Next Ten Years?

No Jobs for The Next Ten Years?

Daily Bell
December 30, 2009

The decade ahead could be a brutal one for America’s unemployed – and for people with jobs hoping for pay raises. At best, it could take until the middle of the decade for the nation to generate enough jobs to drive down the unemployment rate to a normal 5 or 6 percent and keep it there. At worst, that won’t happen until much later – perhaps not until the next decade. The deepest and most enduring recession since the 1930s has battered America’s work force. The unemployed number 15.4 million. The jobless rate is 10 percent. More than 7 million jobs have vanished. People out of work at least six months number a record 5.9 million. And household income, adjusted for inflation, has shrunk in the past decade. Most economists say it could take until at least until 2015 for the unemployment rate to drop down to a historically more normal 5.5 percent. And with the job market likely to stay weak, some also foresee another decade of wage stagnation. Even though the economy will likely keep growing, the pace is expected to be plodding. That will make employers reluctant to hire. Further contributing to high unemployment is the likelihood of more people competing for jobs, baby boomers delaying retirement and interest rates edging higher. All this would come after a decade that created relatively few jobs: a net total of just 464,000. By contrast, 21.7 million new jobs were generated between 1989 and 1999. – Huffington Post

Dominant Social Theme: It’s looking grim?

Free-Market Analysis: There are a lot of statistics cited in this article but like many articles with a mainstream tone, most of them are besides-the-point or shed little illumination about what is going on. First of all the jobless rate in America is closer to 20-30 percent, we figure, when you throw in everyone who wants to work but can’t find work, even part-time work. And second, we distrust the other unemployment figures cited in this article. Finally, we look in vain for a reason as to why all this is happening. Can we find it somewhere else in the body of the article? Here’s some more:

That’s mainly because the economy’s recovery, sluggish by historical standards, isn’t expected to regain its vigor over the next few years. As a result, companies will be in no rush to ramp up hiring. Other analysts think the economy will recover the jobs wiped out by the recession by 2013 or 2014 but that the unemployment rate will stay high. They note that the healing economy will cause more people to stream back into the labor force, vying for too-few jobs.

In addition, baby boomers whose retirement accounts have shrunk could put off retiring and stay in the work force longer. That would leave fewer positions available for the unemployed. Other contributing forces – businesses squeezing more work from employees they still have and relying more on part-time and overseas help – have intensified. And record-high federal budget deficits and the threat of inflation could drive up interest rates, which could hobble growth and restrict job creation. All those factors could combine to keep unemployment high.

“It will be the mother of all jobless recoveries,” predicts economic historian John Steel Gordon. On the other hand, it’s possible some technological innovation not yet envisioned could generate a wave of jobs. Yet at the moment, most economists aren’t betting that any such breakthroughs will rescue the labor market.

The last time the jobless rate reached double digits, in the early 1980s, it took six years to bring it down to normal levels.
Unemployment hit a post-World War II high of 10.8 percent at the end of 1982 as the country was emerging from a severe recession. The rate fell to around 5 percent in 1988. It took less than two years for the number of jobs to return to its pre-recession level. In this recovery, the economy is far more fragile. Hard-to-get credit is exerting a drag. Wounds from the banking system’s worst crisis since the Great Depression will take years to fully heal. People and companies, scarred by the crisis, are likely to restrain borrowing, spending and investing.

From our perspective this article does what all such articles do, it describes what’s going on without explaining anything. You can read the whole article, and you’ll never come up with a reason why 20 percent or more of America is unemployed. Is it because people are lazy? They don’t want jobs even though they pretend they do?

We would write the article differently. We would start by explaining that for the past 100 years America’s manufacturing might has been disintegrating even though the country has looked relatively healthy. But the combination of the income tax and central banking, introduced in the ‘teens, has robbed the country of its industrial muscle. Many big companies have moved away rather than be subject to the income tax. And employees have given up productive trade and agricultural jobs to chase after the latest Fed-stimulated bubble. The tech sector looked attractive in the 1990s, and the mortgage business was great during the 2000s. But neither business lasted because they weren’t real. They were the chaff of central bank monetary stimulation.

The income tax and central banking have hollowed out American industrial capacity. This is the reason that jobs will not return to America – and the world – for a long time. It wasn’t enough by the way that all this happened over a period of nearly 100 years now, but every time there’s a cyclical bust, the West stimulates – throws good money after bad that only prolongs the agony by confusing the market signals that the economy would otherwise present to rational investors.

Conclusion: Deprived of market signals, investors have a hard time determining what’s an efficient business and what is not. They’ve decided, with considerable reason, that too-big-too-fail banks are probably a good investment. Well, this may be so, but it does nothing for the larger economy. Putting good money after bad into these large fiat-money sinkholes only retards real innovation and sets the economy up for another bout of inflationary bleeding and boom-bust madness. What’s needed is a return to a private market gold-and-silver standard that will provide real feedback to those who want to purchase equity in winning entrepreneurial companies. See, it’s not hard to explain, but for some reason, the story just doesn’t get told, certainly not in the mainstream press.

 



Bankers Get $4 Trillion Gift From Barney Frank

Bankers Get $4 Trillion Gift From Barney Frank

Cryptogon
December 30, 2009

Via: Bloomberg:

I quickly discovered why members of Congress rarely read legislation like this. At 1,279 pages, the “Wall Street Reform and Consumer Protection Act” is a real slog. And yes, I plowed through all those pages. (Memo to Chairman Frank: “ystem” at line 14, page 258 is missing the first “s”.)

The reading was especially painful since this reform sausage is stuffed with more gristle than meat. At least, that is, if you are a taxpayer hoping the bailout train is coming to a halt.

If you’re a banker, the bill is tastier. While banks opposed the legislation, they should cheer for its passage by the full Congress in the New Year: There are huge giveaways insuring the government will again rescue banks and Wall Street if the need arises.

Nuggets Gleaned

Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:

– For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.

– Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.

 



2010 could be a year that sparks unrest

2010 could be a year that sparks unrest

Economist.com
December 31, 2009

IF THE world appears to have escaped relatively unscathed by social unrest in 2009, despite suffering the worst recession since the 1930s, it might just prove the lull before the storm. Despite a tentative global recovery, for many people around the world economic and social conditions will continue to deteriorate in 2010. An estimated 60m people worldwide will lose their jobs. Poverty rates will continue to rise, with 200m people at risk of joining the ranks of those living on less than $2 a day. But poverty alone does not spark unrest—exaggerated income inequalities, poor governance, lack of social provision and ethnic tensions are all elements of the brew that foments unrest.

 



America At Empires End

America At Empires End

http://www.youtube.com/watch?v=TWnbTZEJnsw

U.S. Halfway to Depression Level

U.S. Debt Hits $12 Trillion, Will Double By 2019

U.S. pays $57,077 a minute in Afghanistan

 



Small-business bankruptcies rise 81% in California

Small-business bankruptcies rise 81% in California

LA Times
December 28, 2009

The Obama administration’s new plan to give a boost to small businesses reflects continued trouble in that sector, which is facing new failures even as much of the nation’s economy is stabilizing.

As credit lines have shrunk and consumers have cut back on spending, thousands of small businesses have closed their doors over the last year. The plight of struggling firms has been aggravated by the reluctance of banks to lend money, said Brian Headd, an economist at the Small Business Administration’s office of advocacy.

“While bankruptcies are up, overall, small-business closures are up even more,” Headd said.

California has been particularly hard hit. The latest data show small-business bankruptcies up 81% in the state for the 12 months ended Sept. 30, compared with the previous year. Filings nationwide were up 44%, according to the credit analysis firm Equifax Inc.

The actual number of small businesses in trouble is probably higher, experts said, because many owners file for personal bankruptcy rather than seek
protection for the business.

Read Full Article Here