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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.

 



Graffiti Tagger Gets 8 Years in Prison

Graffiti Tagger Gets 8 Years in Prison

http://www.youtube.com/watch?v=X6LY-clVpQE

 

Man Gets 120 Days for Shooting Cyclist in the Head

Tree Hugger
November 25, 2009

This is downright infuriating. Perhaps you recall this story: while driving down the road one day, Charles Diaz grew upset at seeing a man riding his bike on a busy street with his 3 year-old son. So he shot him in the head. Thankfully, the bullet narrowly missed his skull, instead getting lodged in the cyclists’ helmet. Well, Diaz has just been sentenced for admitting to nearly murdering a man by firing a gun towards his head–and he’s received a paltry 4 months in jail.

That’s right. 120 days. For coming as close to killing someone in cold blood as you possibly can without actually doing so.

Read Full Article Here

 



Terrorists, Crooks Allowed to Keep FAA Pilot’s Licenses

Terrorists, Crooks Allowed to Keep FAA Pilot’s Licenses

ABC News
December 18, 2009

A bipartisan group of U.S. senators has asked the Department of Homeland Security’s (DHS) Inspector General to investigate why suspect individuals – including terrorists and drug kingpins – have been able to retain their Federal Aviation Administration (FAA) pilot’s licenses.

In a letter to DHS Inspector General Richard Skinner, the senators cited media reports, including an ABC News investigation, that questioned the ability of the Transportation Security Administration (TSA) to purge the FAA’s aviation list of individuals posing a threat to transportation security.

The Blotter also reported the names of two other men tied to drug trafficking and two convicted arms traffickers who still had their licenses as of Oct. The New York Times revealed that individuals charged or convicted of terrorism-related crimes were also able to retain their FAA licenses. While some of the individuals named in the ABC News and Times reports have since been stripped of their licenses, others have not, according to Safe Banking Systems (SBS), the New York computer security firm that first uncovered the suspect cases.

“These reports are disturbing, and suggest that people who are believed to pose security threats to our nation continue to have ready access to aircraft and airport facilities,” the letter to Skinner states. The letter is signed by senators Jay Rockefeller, D-W. Va., chairman of the Senate Committee on Commerce, Science, and Transportation; Kay Bailey Hutchison, R-Tex., ranking member of the committee; Byron Dorgan, D-N.D., chairman of the Senate Subcommittee on Aviation Operations, Safety, and Security; and Jim DeMint, R-S.C., ranking member of the subcommittee.

 



Conspiracy Theory With Jesse Ventura: Global Warming

Conspiracy Theory With Jesse Ventura: Global Warming
Airs Wednesdays at 10PM on TruTV

http://www.youtube.com/watch?v=svRUcX9Q9yU

http://www.youtube.com/watch?v=A0rtJ9CYSdY

http://www.youtube.com/watch?v=YhFTgN13weA

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

http://www.youtube.com/watch?v=aSmnD-MAifg

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

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

 



Obama Claims He’s Not a Puppet for Big Banks

Obama’s Bullshit-Meter Off The Charts:
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street”

Zero Hedge
December 13, 2009

http://www.youtube.com/watch?v=q-z9jeCi3Bw

Obama goes back to his Wall Street-bashing rhetoric in today’s 60 Minutes on CBS, after he has already doomed this country to tens of trillions in excess debt to make sure that Wall Street not only thrives, but prospers, courtesy of Bernanke’s vertical bond curve and the daily destruction of the dollar. With statements such as “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street” which the WSJ disclosed will be uttered by Obama shortly, only the most clueless viewers will find empathy with Obama’s latest message of banker “anti-hope.”

White House economic adviser Larry Summers also voiced aggravation with Wall Street on Sunday. “Here is what I think they don’t get…It was their irresponsible risk-taking in many cases that brought the economy to collapse,” Mr. Summers, who chairs the National Economic Council, said on CNN’s “State of the Union.”

“And they don’t get in some cases that they wouldn’t be where they are today, and they certainly would not be paying the bonuses they are paying today, if their government hadn’t taken extraordinary actions.”

“For them to be complaining about serious regulation directed at making sure this never happens again is wrong. For $300 million to be spent on lobbyists trying to gut serious efforts at financial reform is not how this country should be operating,” Mr. Summers said. “For firms that have benefited from taxpayer support to be complaining about the government burdening them is, frankly, a bit rich.”

And it is not only Obama, but Wall Street protege Larry Summer himself who continues the banker bashing:

    White House economic adviser Larry Summers also voiced aggravation with Wall Street on Sunday. “Here is what I think they don’t get…It was their irresponsible risk-taking in many cases that brought the economy to collapse,” Mr. Summers, who chairs the National Economic Council, said on CNN’s “State of the Union.”

    “And they don’t get in some cases that they wouldn’t be where they are today, and they certainly would not be paying the bonuses they are paying today, if their government hadn’t taken extraordinary actions.”

    “For them to be complaining about serious regulation directed at making sure this never happens again is wrong. For $300 million to be spent on lobbyists trying to gut serious efforts at financial reform is not how this country should be operating,” Mr. Summers said. “For firms that have benefited from taxpayer support to be complaining about the government burdening them is, frankly, a bit rich.”

First you bail them out, and now you bash them? It is one thing to dash criticism upon rhetoric but at least be consistent. If people can not read between the lines of this administration’s endless hypocrisy, they deserve all they get. And if Matt Taibbi’s latest controversial piece in Rolling Stone “Obama’s Big Sellout” needed any final validation, you just provided it Mr. President. Because while your Wall Street-centric policies can be explained by your lack of financial comprehension and private-sector experience (thereby justifying your desire to be “advised” by those who are an integral part of the banker syndicate), your complete disdain for the average American’s intellectual level exemplified by your most recent, upcoming 7 pm TV appearance is what is truly insulting. Maybe you can put Mr. Geithner up there next to you on the TV screen, and he can justify his reasoning for why incremental “fat cat” bonuses are such a bad idea. Come to think of it, why not make it into a round table, and include Larry Summer and Robert Rubin: we are confident they will have no problem distancing themselves from the very bankers they talk to 10 hours a day, telling them (and thus you) how to run national policy.

You say “Some people on Wall Street still don’t get it”… The problem, Mr. President, is that more and more people on Main Street, do get it. They now realize just whose agenda you have at heart. And said Main Street expects nothing but merely more theatrics during your upcoming meeting with Wall Street “fat cats” tomorrow.

 

Obama’s sellout to Wall Street creates ‘permanent bailout’

http://www.youtube.com/watch?v=G4it-Fs8RLw

 

Obama turns to Big Bankers for campaign cash

WSWS
October 21, 2009

Under conditions of growing unemployment and deepening social misery for working people throughout the US, President Barack Obama flew into New York City Tuesday to raise millions of dollars in campaign donations from America’s financial elite.

He was expected to clear at least $3 million, largely from a Manhattan bash with an entry fee of $30,400 per couple—the maximum contribution allowed by law.

According to the Los Angeles Times, four of the seven co-chairs of the event and about a third of the guests come from the big banks and Wall Street.

Behind all the rhetoric about “change,” this is Obama’s most important constituency. In his run for the presidency in 2008, he captured the lion’s share of donations from Wall Street, taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.

Under conditions of growing unemployment and deepening social misery for working people throughout the US, President Barack Obama flew into New York City Tuesday to raise millions of dollars in campaign donations from America’s financial elite.

He was expected to clear at least $3 million, largely from a Manhattan bash with an entry fee of $30,400 per couple—the maximum contribution allowed by law.

According to the Los Angeles Times, four of the seven co-chairs of the event and about a third of the guests come from the big banks and Wall Street.

Behind all the rhetoric about “change,” this is Obama’s most important constituency. In his run for the presidency in 2008, he captured the lion’s share of donations from Wall Street, taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.

Rolling Stone: Obama’s Big Sellout

Top contributors to Obama and McCain are big banks

Giant Banks Are Trying to Make Bailouts Permanent

The Big Banks Get Bigger Under Obama

 



EPA Says Co2 is Deadly, But Fuel is Good to Drink!

EPA HYPOCRISY

EPA: CO2 is a deadly gas, but uranium, mercury, arsenic, rocket-fuel and drugs in drinking water is perfectly safe.

Paul Joseph Watson
Prison Planet.com
December 8, 2009

While the EPA declares the gas that we exhale to be a deadly poison, as protesters at Copenhagen decry the suffering of polar bears as their population figures increase to record levels, and as delegates in the Danish capital warn of the dastardly peril of cows farting, a New York Times report confirming that U.S. drinking water contains dangerous levels of arsenic, uranium and other radioactive substances barely gets noticed.

Furthermore, the new study shows that the Environmental Protection Agency knew that water systems all over the United States were contaminated with dangerous levels of numerous toxic substances, yet failed to punish the vast majority of water authorities involved.

Since the environmental movement was completely hijacked by globalists hell bent on world government and devastating carbon taxes, real environmental problems have been swept aside as the contrived scam of man-made global warming swallows up all the attention.

Our drinking water is contaminated with toxic waste, our food supply is poisoned by genetically modified garbage, and our consumer products are laced with cancer-causing chemicals, but who cares right? Surely all this pales in comparison to the effort to stop the world warming by a percentage of a degree over the next 100 years?

    More than 20 percent of the nation’s water treatment systems have violated key provisions of the Safe Drinking Water Act over the last five years, according to a New York Times analysis of federal data.

    That law requires communities to deliver safe tap water to local residents. But since 2004, the water provided to more than 49 million people has contained illegal concentrations of chemicals like arsenic or radioactive substances like uranium, as well as dangerous bacteria often found in sewage.

But unlike the mammoth threat posed by the life-giving gas carbon dioxide, which the EPA yesterday classified as a health threat to the same humans that exhale it, the Environmental Protection Agency is noticeably less concerned about the fact that our water is filled with contaminants that are “linked to millions of instances of illness within the United States each year.”

Indeed, records show that fewer than 6 percent of the water systems that broke the law were ever punished or fined by the EPA.

“In some instances, drinking water violations were one-time events, and probably posed little risk. But for hundreds of other systems, illegal contamination persisted for years, records show,” according to the article.

The Senate Environment and Public Works committee will question a high-ranking E.P.A. official about why they allowed water companies to continue such contamination without punishment at a hearing today.

According to the study, not only were water systems contaminated with radioactive substances like uranium as well as arsenic, but they were also found to contain cancer-causing solvents and illegal amounts of bacteria.

“The amount of radium detected in drinking water was 2,000 percent higher than the legal limit,” adds the report. Radium is described as “extremely radioactive” and has a half-life of 1602 years. People exposed to radium suffer serious health effects including sores, anemia and bone cancer. The use of radium in paints as late as the 1950’s was eventually halted after many deaths were attributed to exposure to the chemical.

True to form, the NY Times chooses to characterize water which contains deadly radioactive chemicals as “dirty” in its headline!

Millions in U.S. Drink Dirty Water, Records Show – oh its just a bit of dirt you know! Cancer-causing radioactive toxins and poisonous arsenic – its just a little dirty!

“The problem, say current and former government officials, is that enforcing the Safe Drinking Water Act has not been a federal priority,” reports the Times, adding that current and former EPA officials who attempted to make the agency enforce the drinking water law were targeted.

“I proposed drinking water cases, but they got shut down so fast that I’ve pretty much stopped even looking at the violations,” said one longtime E.P.A. enforcement official who, like others, requested anonymity for fear of reprisals. “The top people want big headlines and million-dollar settlements. That’s not drinking-water cases.”

So there you have it – according to the EPA – breathing is a threat to human health – but drinking water laced with arsenic, cancerous carcinogens, and radioactive chemicals is perfectly nutritious!

So pour a fresh glass of toxic tap water, drink up and say cheers to the fact that the government really cares about our health and the real environmental issues – before you drop dead.

Millions in U.S. Drink Dirty Water, Records Show

Court strikes down EPA’s plan on mercury

EPA: American lives less valuable

EPA won’t remove rocket fuel from drinking water

41 Million Americans Have 56 Types of Drugs in Tap Water

 



Doctors Who Benefit Financially From H1N1 Vaccinations

Conflicts of interest? Dr. Oz owns 150,000 option shares in vaccine technology company

Natural News
November 10, 2009

Dr. Mehmet Oz is a huge promoter of vaccines. He’s been on television reinforcing fear about H1N1 swine flu and telling everyone to get vaccinated. But what he didn’t tell his viewing audience is that he holds 150,000 option shares in a vaccine company that could earn him millions of dollars in profits as the stock price rises. It is in Dr. Oz’s own financial interest, in other words, to hype up vaccines and get more people taking them so that his own financial investments rise in value.

Evidence describing these facts was delivered to NaturalNews by a private investigator named Joseph Culligan (http://webofdeception.com/oprah.html#oz). That evidence includes an SEC document detailing how Dr. Oz. bought options on stocks for SIGA Technologies in 2005, 2007, 2008 and 2009. SIGA Technologies (stock symbol SIGA) is a vaccine technology company with many advanced developments whose success depends on the widespread adoption of vaccines. According to SEC documents, Dr. Mehmet Oz. currently holds 150,000 option shares on SIGA Technologies, purchased for as little as $1.35 back in 2005.

At the time of this writing, SIGA Technologies is trading at $7.10, making those options bought in 2005 worth $5.75 in profits today. If all the 150,000 options purchased by Dr. Oz. were exercised today, they would be worth roughly $180,000 in profits (they were bought at different prices, not all at $1.35). This is all revealed in what the SEC website calls an “insider transaction” document (link below).

These options won’t expire until the years 2015 – 2019, and the higher the stock price of SIGA gets before then, the more profit can be realized when these options are cashed out. You can see the 2019 expiration date in this “insider transaction” form: http://sec.gov/Archives/edgar/data/…

If the stock price of SIGA Technologies could be pumped up even more — say, from someone hyping up vaccines in front of a national audience — these options could mathematically be worth millions of dollars. Just to clarify, by the way, SIGA Technologies doesn’t currently manufacture a vaccine for H1N1 swine flu. It focuses on future vaccine technologies that could be applied to many different vaccines down the road.

Dr. Oz. isn’t merely a holder of SIGA stock options, by the way: He’s on the Board of Directors! As SIGA’s own website explains, Dr. Oz has served on the board since 2001 and continues his role there today. This brings up the obvious question:

Is it right for someone talking about whether vaccines are safe on television to also be carrying stock options and serving on the board of directors of a vaccine company at the same time?

Just to make things a little more interesting, SIGA Technologies recently received a $3 million grant in taxpayer dollars from the National Institutes of Health (NIH). The purpose of the grant money? To fund the study of a chemical adjunct named ST-246 to be used in future vaccines. So taxpayer money is now being used to fund a vaccine technology company whose stock price increases will financially benefit the very celebrity doctor who is hyping up vaccines to a national audience.

Something sounds fishy here…

Dr Oz Will Propagandize For H1N1 Vaccine But He Wont Give It To His Kids

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

 

Doctors Bribed To Push Swine Flu Vaccine On Reluctant Public
Health authorities offer extra bonuses for each shot in an attempt to counter mass resistance to H1N1 shot

Paul Joseph Watson
Prison Planet.com
November 10, 2009

Doctors in Britain are effectively being bribed by health authorities to push the swine flu vaccine on a reluctant public after suspicions over the safety of the shot resulted in huge numbers of people refusing to take it.

The government originally intended for the entire population of the UK to receive the H1N1 vaccine but less than half have indicated that they will take the shot.

Multiple opinion polls have revealed that half of GPs in Britain have severe reservations and doubts over the safety of the shot.

A much larger Nursing Times magazine poll in August also found that 30% of all frontline nurses said they would refuse to be immunized, with another 33% saying they were unsure over the vaccine.

50% of pregnant women in the UK have also said they will refuse the vaccine.

This resistance has prompted health authorities to bribe doctors to push the vaccine on the public in the form of new bonuses for each and every shot they give, on top of those already in place.

“NHS managers in Birmingham have told family doctors they will be able to get extra payments – on top of the £5.25 they already get per jab – if they meet targets on vaccination rates,” reports the Daily Mail.

“If they vaccinate more than 90 per cent of those deemed at risk of the disease in their area, they will get 50 per cent more per jab, meaning they will be paid £7.88 for every person they vaccinate.”

Doctors who achieve a 40 per cent uptake will receive an extra 10 per cent bonus. In total, the bonuses are potentially worth thousands of pounds per practice.

Critics expressed outrage that doctors were effectively being bribed to become drug pushers for the government.

    Jackie Fletcher, of vaccination support group Jabs, said: ‘There are huge questions about the integrity of vaccine decisions if doctors are paid to give them.

    ‘All vaccines carry a risk of side effects. Can we be confident GPs will tell patients about these risks if they are being paid extra to ensure a high uptake?

    ‘Rather than paying bonuses, the Department of Health should be investigating possible side effects.’

As we highlighted last week, mass resistance to the vaccine has prompted elitists to devise deceptive schemes in an attempt to get more people to take the shot. During a recent Council on Foreign Relations meeting, Andrew Jack, Pharmaceutical Correspondent for the Financial Times, conceded that “the anti-vaccine movement is having a field day on the internet” and that the CFR, via its many members which occupy prominent positions in the establishment media, should conspire to counter negative information about the swine flu vaccine.

At around the same time, Sir Liam Donaldson, the Chief Medical Officer in England, described people who express doubts about the swine flu vaccine as “extremists”.

During another part of the discussion on whether or not the vaccine should be made mandatory for health workers and school children, Lone Simonsen, Research Professor and Research Director at the Department of Global Health, George Washington University, suggests creating an artificial scarcity in order to ramp up demand for the vaccine.

“I think what would work better would be to say that there was a shortage and people tend to buy more of something that’s in demand. (Laughter.) We saw that — there was one season where, really, people lined up all night to get a flu shot.” Simonsen says, much to the amusement of the other attendees at the symposium.

But this is exactly the scam being run by the corporate media. Endless stories about shortages in supply, allied with footage of members of the public queuing for hours to receive the vaccine, have created a contrived sense of scarcity, similar to how toy companies manufacture a stampede for a particular item before Christmas by floating stories about something being low in stock.

Watch a clip from the CFR meeting below.

http://www.youtube.com/watch?v=rd9eXb-JGdk

Rumsfeld Profits Off Bird Flu Outbreak