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Paul Merrell

PCLOB - 0 views

  • ​​​​​​​​​​​​PRIVACY AND CIVIL LIBERTIES OVERSIGHT BOARD
  • PCLOB ISSUES REPORTReport on the Telephone Records Program Conducted under Section 215 of the USA PATRIOT Act and on the Operations of the Foreign Intelligence Surveillance Court
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    There are four grounds upon which we find that the telephone records program fails to comply with Section 215. First, the telephone records acquired under the program have no connection to any specific FBI investigation at the time of their collection. Second, because the records are collected in bulk - potentially encompassing all telephone calling records across the nation - they cannot be regarded as "relevant" to any FBI investigation as required by the statute without redefining the word relevant in a manner that is circular, unlimited in scope, and out of step with the case law from analogous legal contexts involving the production of records. Third, the program operates by putting telephone companies under an obligation to furnish new calling records on a daily basis as they are generated (instead of turning over records already in their possession) - an approach lacking foundation in the statute and one that is inconsistent with FISA as a whole. Fourth, the statute permits only the FBI to obtain items for use in its investigations; it does not authorize the NSA to collect anything.  In addition, we conclude that the program violates the Electronic Communications Privacy Act. That statute prohibits telephone companies from sharing customer records with the government except in response to specific enumerated circumstances, which do not include Section 215 orders. Finally, we do not agree that the program can be considered statutorily authorized because Congress twice delayed the expiration of Section 215 during the operation of the program without amending the statute. The "reenactment doctrine," under which Congress is presumed to have adopted settled administrative or judicial interpretations of a statute, does not trump the plain meaning of a law, and cannot save an administrative or judicial interpretation that contradicts the statute itself. Moreover, the circumstances presented here differ in pivotal ways from any in which the reenact
Paul Merrell

The Daily Dot - How a major bank and the U.S. government joined forces to spy on Anonymous - 0 views

  • New details have surfaced regarding the surveillance protocols used by Bank of America to keep tabs on social activists. Last year, Anonymous hacktivists published 14 gigabytes of private emails and spreadsheets which revealed that Bank of America was monitoring social media and other online services used by activists for basic communication. This time however, information about the bank’s recent surveillance activities were obtained legally through a public records request by a single petitioner. The newly published documents reveal a coordinated effort by Bank of America, the Washington State Patrol (WSP), and federal counterterrorism agencies, to monitor activists as they prepared for a public demonstration in Olympia, Wash. Over 230 people originally signed up to attend the “Million Mask March” event, which was organized by the Anonymous movement and took place on November 5, 2013. Although an official report by the WSP described the event as a “peaceful protest” being organized by activists who had made “no threats of violence,” those involved were still monitored by the department before the event took place. Information gathered about the potential protesters was then shared with Bank of America. Furthermore, Bank of America solicited information about activists from various federal agencies, including the Federal Bureau of Investigation.
  • According to Andrew Charles Hendricks, an activist who originally acquired the documents, the emails included the home address of a demonstration organizer. Hendricks claims he redacted the address before publishing the documents online. The relationship between Bank of America and the WSP, as well as their long-term investment in surveillance, is highlighted by an email sent on September 23, 2013. Kim Triplett-Kolerich, an intelligence analyst for Bank of America requested that WSP share any intelligence gathered on activists taking part in the Million Mask March with the bank. She began the email by identifying herself as a former officer and provided her former rank. “From time to time I will see items that I believe will be of use to my friends at WSP—especially during session,” she told the officer. “May Day I will pick your brain for intel and I will give you a lot also,” she wrote.
  • Triplett-Kolerich concluded her email by boasting that the surveillance tactics used by Bank of America to monitor activists online was superior to that of the WSP. “I will most likely find it first as social media trolling is not what WSP does best. Bank of America has a team of 20 people and that’s all they do all day and then pass it to us around the country!!!” On October 24, an email was sent by a sergeant at the WSP’s Special Operations Division to an executive aide at the Thurston County Sheriff’s Office. The sergeant notified the office that a large number of arrests may take place during the Million Mask March, which could impact the jail. Attached to the letter was a message written by an Anonymous activist, and a link to its Facebook event page where the names of those planning to attend the march could be seen.
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  • The next week, Triplett-Kolerich emailed the same WSP sergeant again about the march. “Sorry for not getting back to you sooner—hectic weeks lately with foreclosures and this MMM,” Triplett-Kolerich wrote. She then notified the sergeant that Bank of America has been in contact with “the Fusion Center and JTTF” regarding the Anonymous march. JTTF refers to the Joint Terrorism Task Force, which is a group comprised of local law enforcement agencies, the Federal Bureau of Investigation (with whom it shares a website) and the Homeland Security department. The Fusion Center is a state-level counterterrorism agency, which coordinates “national intelligence” between various local law enforcement and public safety departments. In addition, the Fusion Center provides for “the effective communication of locally generated threat-related information to the federal government.”
  • Unbeknownst to the crowd, the supervisor of a local transit company had dropped off an Olympia city bus nearby at the request of the WSP. According to recently published emails, it was parked on the west side of an administration building close to the demonstration, just in case they needed to move in and haul a large group of disorderly protesters off to jail—but they didn’t. The Daily Dot reached out to Triplett-Kolerich and three Bank of America media relations contacts requesting a comment for this article, but received no response. 
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    More evidence of the cozy relationship between the banksters and the "anti-terrorism" folk in the U.S. Of particular interest BofA has a 20-person unit that spends their days trolling social media for intelligence.
Paul Merrell

NSA collects millions of text messages daily in 'untargeted' global sweep | World news ... - 0 views

  • The National Security Agency has collected almost 200 million text messages a day from across the globe, using them to extract data including location, contact networks and credit card details, according to top-secret documents. The untargeted collection and storage of SMS messages – including their contacts – is revealed in a joint investigation between the Guardian and the UK’s Channel 4 News based on material provided by NSA whistleblower Edward Snowden. The documents also reveal the UK spy agency GCHQ has made use of the NSA database to search the metadata of “untargeted and unwarranted” communications belonging to people in the UK.
  • The NSA program, codenamed Dishfire, collects “pretty much everything it can”, according to GCHQ documents, rather than merely storing the communications of existing surveillance targets. The NSA has made extensive use of its vast text message database to extract information on people’s travel plans, contact books, financial transactions and more – including of individuals under no suspicion of illegal activity. An agency presentation from 2011 – subtitled “SMS Text Messages: A Goldmine to Exploit” – reveals the program collected an average of 194 million text messages a day in April of that year. In addition to storing the messages themselves, a further program known as “Prefer” conducted automated analysis on the untargeted communications.
  • • Over 800,000 financial transactions, either through text-to-text payments or linking credit cards to phone users The agency was also able to extract geolocation data from more than 76,000 text messages a day, including from “requests by people for route info” and “setting up meetings”. Other travel information was obtained from itinerary texts sent by travel companies, even including cancellations and delays to travel plans.
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  • • More than 5 million missed-call alerts, for use in contact-chaining analysis (working out someone’s social network from who they contact and when) • Details of 1.6 million border crossings a day, from network roaming alerts • More than 110,000 names, from electronic business cards, which also included the ability to extract and save images.
  • The Prefer program uses automated text messages such as missed call alerts or texts sent with international roaming charges to extract information, which the agency describes as “content-derived metadata”, and explains that “such gems are not in current metadata stores and would enhance current analytics”. On average, each day the NSA was able to extract:
  • Communications from US phone numbers, the documents suggest, were removed (or “minimized”) from the database – but those of other countries, including the UK, were retained. The revelation the NSA is collecting and extracting personal information from hundreds of millions of global text messages a day is likely to intensify international pressure on US president Barack Obama, who on Friday is set to give his response to the report of his NSA review panel.
  • While US attention has focused on whether the NSA’s controversial phone metadata program will be discontinued, the panel also suggested US spy agencies should pay more consideration to the privacy rights of foreigners, and reconsider spying efforts against allied heads of state and diplomats. In a statement to the Guardian, a spokeswoman for the NSA said any implication that the agency’s collection was “arbitrary and unconstrained is false”. The agency’s capabilities were directed only against “valid foreign intelligence targets” and were subject to stringent legal safeguards, she said.
  • “In contrast to [most] GCHQ equivalents, DISHFIRE contains a large volume of unselected SMS traffic,” it states (emphasis original). “This makes it particularly useful for the development of new targets, since it is possible to examine the content of messages sent months or even years before the target was known to be of interest.” It later explains in plain terms how useful this capability can be. Comparing Dishfire favourably to a GCHQ counterpart which only collects against phone numbers that have specifically been targeted, it states “Dishfire collects pretty much everything it can, so you can see SMS from a selector which is not targeted”.
  • The document also states the database allows for broad, bulk searches of keywords which could result in a high number of hits, rather than just narrow searches against particular phone numbers: “It is also possible to search against the content in bulk (e.g. for a name or home telephone number) if the target’s mobile phone number is not known.” Analysts are warned to be careful when searching content for terms relating to UK citizens or people currently residing in the UK, as these searches could be successful but would not be legal without a warrant or similar targeting authority. However, a note from GCHQ’s operational legalities team, dated May 2008, states agents can search Dishfire for “events” data relating to UK numbers – who is contacting who, and when.
Paul Merrell

Kerry portrait of Syria rebels at odds with intelligence reports | Reuters - 0 views

  • Secretary of State John Kerry's public assertions that moderate Syrian opposition groups are growing in influence appear to be at odds with estimates by U.S. and European intelligence sources and nongovernmental experts, who say Islamic extremists remain by far the fiercest and best-organized rebel elements. At congressional hearings this week, while making the case for President Barack Obama's plan for limited military action in Syria, Kerry asserted that the armed opposition to Syrian President Bashar al-Assad "has increasingly become more defined by its moderation, more defined by the breadth of its membership, and more defined by its adherence to some, you know, democratic process and to an all-inclusive, minority-protecting constitution."And the opposition is getting stronger by the day," Kerry told the Senate Foreign Relations Committee on Tuesday.U.S. and allied intelligence sources and private experts on the Syrian conflict suggest that assessment is optimistic.
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    The linked article points to multiple intelligence reports and disagreeing opinions by experts, both inside government and out.  To top it off, Kerry's stated source of information, the author of a Wall Street Journal article, concealed her ties to a Syrian opposition lobbying group along with her own prior inconsistent statements. See e.g., Daniel Greenfield, The Wall Street Journal's Misleading Report on the "Moderate" Syrian Opposition, Front Page Mag (2 September 2013), http://frontpagemag.com/2013/dgreenfield/the-wall-street-journals-misleading-report-on-the-moderate-syrian-opposition/ (debunking Journal article using its author's own prior statements) Charles C. Johnson, Woman informing Kerry, McCain's opinions on Syria also an advocate for Syrian rebels, The Daily Caller (5 September 2013), http://dailycaller.com/2013/09/05/woman-informing-kerry-mccains-opinions-on-syria-also-an-advocate-for-syrian-rebels/ Michael Calderone, Wall Street Journal Op-Ed Draws Scrutiny Over Writer's Ties To Syrian Rebel Advocacy Group, Huffington Post (6 September 2013), http://www.huffingtonpost.com/2013/09/06/wall-street-journal-syria-elizabeth-obagy_n_3881477.html Max Blumenthal, Shady PR operatives, pro-Israel ties, anti-Castro money: Inside the Syrian opposition's DC spin machine, Mondoweiss (7 September 2013), nofollow
Paul Merrell

Senators: Kerry Admits Obama's Syria Policy Is Failing - The Daily Beast - 0 views

  • In a closed-door meeting, two senators say, the Secretary of State admitted to them that he no longer believes the administration’s approach to the crisis in Syria is working. Peace talks have failed, he conceded, and now it's time to arm the moderate opposition—before local al Qaeda fighters try to attack the United States. Secretary of State John Kerry has lost faith in his own administration’s Syria policy, he told fifteen U.S. Congressmen in a private, off-the-record meeting, according to two of the senators who were in the room.
  • Secretary of State John Kerry has lost faith in his own administration’s Syria policy, he told fifteen U.S. Congressmen in a private, off-the-record meeting, according to two of the senators who were in the room.Kerry also said he believes the regime of Bashar al Assad is failing to uphold its promise to give up its chemical weapons according to schedule; that the Russians are not being helpful in solving the Syrian civil war; and that the Geneva 2 peace talks that he helped organize are not succeeding. But according to the senators, Kerry now wants to arm Syria's rebels—in part, to block the local al Qaeda affiliates who have designs on attacking the U.S. (Kerry's spokesperson denied that he raised the issue of supplying weapons, but did not dispute the overall tenor of the conversation.) “[Kerry] acknowledged that the chemical weapons [plan] is being slow rolled, the Russians continue to supply arms, we are at a point now where we are going to have to change our strategy,” said Sen. Lindsey Graham, who attended Kerry's briefing with lawmakers on the sidelines of the Munich Security Conference. “He openly talked about supporting arming the rebels. He openly talked about forming a coalition against al Qaeda because it’s a direct threat.” Kerry’s private remarks were a stark departure from the public message he and other top Obama administration officials repeatedly have given in public. Shortly after the meeting ended, Sens. Graham and John McCain described the meeting to The Daily Beast, The Washington Post, and Bloomberg View. Given newly-released intelligence on the growing al Qaeda presence in Syria, as well as shocking new evidence of Syrian human rights atrocities, the senators said they agreed with Kerry that the time had come for the United States to drastically alter its approach to the Syrian civil war.
Paul Merrell

We were subjected to 'meticulous, daily torture' - freed Gitmo detainee - RT News - 0 views

  • After years of being held at the US Naval Base in Cuba without trial, Ibrahim Idris, one of two Sudanese detainees released on Thursday, said US prison officials had "systematically tortured" him in the course of his 11-year imprisonment at Gitmo. Idris, who has been described by US officials as mentally ill, delivered his comments in a news conference in Khartoum, just hours after returning home courtesy of a US military plane. Appearing weak and speaking with apparent difficultly, Idris gave a brief account of his lengthy imprisonment at Gitmo. “We have been subjected to meticulous, daily torture," he said. "We were helpless…on an isolated island, surrounded by weapons." He praised the Sudanese government and human rights organizations for working to secure the release of prisoners at Gitmo, which has been called “the GULAG of our times” by Amnesty International. Closed-door military tribunals, for example, have been riddled with problems, including courtroom speakers that have a mysterious tendency for being blocked during key testimony.
  • Another released detainee, Noor Othman Muhammed, was unable to attend the conference because he was recovering in the hospital, Idris said. On Feb. 18, 2011, Muhammed pleaded guilty in a military tribunal to offenses under the Military Commissions Act of 2009, and was sentenced to 14 years confinement, according to a Defense Department news release. In exchange for his guilty plea and Muhammed's cooperation with prosecutors, the military court agreed through a pre-trial agreement to suspend all confinement in excess of 34 months. Idris, who had been designated for transfer since 2009, said some of the former prisoners had pled guilty in a bid to secure their freedom. As Barack Obama wins congressional approval to transfer some prisoners from Guantanamo Bay to their home countries, a released Sudanese inmate spoke of the torture he and others endured at the hands of their American jailers. Approval for a partial detainee release is contained in the National Defense Authorization Act, which passed the Senate by an 84-15 vote on Thursday night.
  • While the bill does not address all of the administration's concerns, its provisions ... will provide the administration additional flexibility to transfer detainees abroad consistent with our national security interests," White House spokesman Jay Carney said earlier Thursday. Of those still held in the prison, five individuals stand accused of participating in the Sept. 11, 2001 terrorist attacks. At the same time, some four dozen detainees are considered “too dangerous” to be released. About half of Gitmo's 158 detainees have been cleared to be released since 2009, yet congressional restrictions prevented that from happening.
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  • A new outbreak of hunger strikes happened in early 2013. By July, 106 of the 166 detainees were on hunger strike, with 45 of them being force-fed.
  • According to Idris, those inmates who participated in these protests were “doubly tortured.” In November, a 19-member task force concluded in a 269-page report, entitled 'Ethics Abandoned: Medical Professionalism and Detainee Abuse in the ‘War on Terror', that since September 11, 2001, the Department of Defense (DoD) and CIA ordered medical professionals to assist in intelligence gathering, as well as forced-feeding of hunger strikers, in a way that inflicted “severe harm.” Gitmo officials announced earlier this month that the US military will no longer disclose to the media and public whether prisoners at Guantanamo Bay are on hunger strike, explaining that "the release of this information serves no operational purpose."
Paul Merrell

Mahmoud Abbas accused of being traitor over rejection of Israel boycott | World news | ... - 0 views

  • Palestinian president Mahmoud Abbas has been accused of being a traitor by activists after publicly rejecting calls for a boycott of Israel.His unambiguous statement, made in the aftermath of Nelson Mandela's death, has fuelled a bitter debate on the legitimacy and efficacy of sanctions over Israel's treatment of Palestinians.However, Abbas distinguished between Israel's borders and its settlements in Palestinian territories. "We do not support the boycott of Israel. But we ask everyone to boycott the products of the settlements."His comments infuriated the boycott movement, which after Mandela's death has been boosted by comparisons with the anti-apartheid campaign in South Africa and the decision last week of the American Studies Association (ASA) to boycott Israeli academic institutions.The boycott movement claims it is on a roll, citing a recent EU prohibition against giving grants or funds to bodies with links to settlements, a warning by the British government that firms risk damaging their reputations if they have dealings with Israeli enterprises across the Green Line, and the decision by a Dutch company to sever links with the Israeli water company, Mekorot.
  • The Boycott, Divestment and Sanctions (BDS) campaign, set up in 2005 by more than 170 Palestinian civil society organisations, expects next year "to cross even higher thresholds in its drive to isolate Israel, just as South Africa was isolated under apartheid", said Omar Barghouti, one of its founding members.The ASA's decision was "fresh evidence that the BDS movement may be reaching a tipping point on college campuses and among academic associations", he added. Two other US academic bodies – the Native American and Indigenous Studies Association and the Association of American Asian Studies – have also backed the boycott movement.
  • Samia Botmeh, a lecturer at Birzeit university in the West Bank and a leading member of the Palestinian Campaign for the Academic and Cultural Boycott of Israel, said restricting a boycott to settlements was to focus on the consequences, rather than the origins, of the occupation.
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  • Many observers expect the boycott movement to gain momentum should peace negotiations between Israel and the Palestinians fail to produce a deal. Andreas Reinicke, the outgoing EU envoy to the Middle East, warned last week that momentum in favour of a settlement boycott would grow without a peace agreement.Less than two years ago, only two EU countries – Britain and Denmark – backed the labelling of goods originating in settlements as such in order to allow consumers to make informed choices. Now 14 EU states support the move. "There is movement in this direction," he said.
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    The Palestinian Boycott, Sanctions, and Divestment ("BSD") campaign breaks into mainstream media. For several years, I have subscribed to a daily digest of news on Israel-Palestine issues. Modeled on the successful South African BSD movement that ended the South African apartheid state, the Palestinian movement has had a long string of victories, with only a few of the most recent discussed in this article. The BSD movement, in my studied opinion, represents the best hope of finally resolving the Palestinian Question, resulting in a single non-sectarian state spanning both Israel and Palestine. Until that day, Israel's war crimes against Palestinians, extending from the forced expulsion of 750,000 Palestinians when Israel was first formed via terrorist paramilitary actions, will likely continue.  
Paul Merrell

Propaganda, lies and the New York Times: Everything you really need to know about Ukrai... - 0 views

  • You need a machete these days to whack through the thicket of misinformation, disinformation, spin, propaganda and straight-out lying that daily envelopes the Ukraine crisis like kudzu on an Alabama telephone pole. But an outline of an outcome is now faintly discernible.Here is my early call: We witness an American intervention in the process of failing, and the adventure’s only yields will be much pointless suffering among Ukrainians and life for years to come in the smothering embrace of a justifiably suspicious Russian bear.Nice going, Victoria Nuland, you of the famous “F the E.U. tape,” and your sidekick, Geoffrey Pyatt, ambassador in Kiev. Nice going, Secretary of State Kerry. For this caper, Nuland and Pyatt should be reassigned to post offices in the bleak reaches of Kansas, Khrushchev-style. Kerry is too big to fail, I suppose, but at least we now know more about what caliber of subterfuge lies behind all those plane trips, one mess following another in his jet wash.On the ground, Vladimir Putin continues to extend the Russian presence in Crimea, and we await signs as to whether he will go further into Ukraine. This is very regrettable. Viewed as cause-and-effect, however, it is first a measure of how miscalculated the American intervention plot was from the first.
  • The more I scrutinize it, the more the American case on Ukraine is held together with spit and baling wire. Were I Obama or Kerry, I would be looking for an out by now, cutting losses on a commitment to intervention that was sheer hubris from the first.Significantly in this connection, the contorted logic of just who is running things in Kiev is soon to fail, in my view. Washington is all out in denying the character of the protest movement and the provisionals, casting Putin as a paranoid in his characterizations. It is wishful thinking. Incessantly repeated untruths never transform into truths.
  • I read Ukraine as a case of what happens when so much of policy, in all kinds of spheres, is conducted in secret. Ordinary citizens cannot see events and are left to judge them blind. And the media are not going to help you. However, there have been notable exceptions to the media’s cooperation in keeping things from us instead of informing.Earlier this week, Leslie Gelb let loose with a vigorous blast in the Daily Beast, calling on the Americans (and others) to “stop their lies and self-destructive posturing or pay costs they’re loath to admit.” Gelb is a longtime presence in foreign policy cliques — former Times columnist, former State Department official, now president emeritus at the Council on Foreign Relations. The critique reveals a significant breach in the orthodoxy.Not to root for the home team, but Nicholas Davies just published in Salon an inventory of 35 cases wherein Washington has split the sheets with fascists in the interest of intervention. Read it. Splendidly timed, it demolishes all argument that what is in front of our eyes is somehow not. History so often does the job, I find.
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  • Next Sunday Crimeans will vote in a referendum as to whether they wish to break with the rest of Ukraine and join the Russian Federation. The semi-autonomous region’s parliament has already voted to do so, and good enough that they put the thought to a popular vote.But no. Self-determination was the guiding principle when demonstrators and pols with records as election losers pushed Yanukovych out and got done via a coup (I insist on the word) what they could not manage in polling booths. But it cannot apply in Crimea’s case. The Crimeans are illegitimate and have no right to such a vote.Simply too shabby. I cannot see how it can hold much longer.
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    Excellent overview of the Ukraine situation, re colliding U.S. and Russian foreign policies. Author Patrick Smith's tea leaves tell him that the U.S. position is unsustainable.  
Gary Edwards

EXCLUSIVE: Syrians In Ghouta Claim Saudi-Supplied Rebels Behind Chemical Attack - 0 views

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    "Ghouta, Syria - As the machinery for a U.S.-led military intervention in Syria gathers pace following last week's chemical weapons attack, the U.S. and its allies may be targeting the wrong culprit. ........ continued ............... Interviews with people in Damascus and Ghouta, a suburb of the Syrian capital, where the humanitarian agency Doctors Without Borders said at least 355 people had died last week from what it believed to be a neurotoxic agent, appear to indicate as much. The U.S., Britain, and France as well as the Arab League have accused the regime of Syrian President Bashar al-Assad for carrying out the chemical weapons attack, which mainly targeted civilians. U.S. warships are stationed in the Mediterranean Sea to launch military strikes against Syria in punishment for carrying out a massive chemical weapons attack. The U.S. and others are not interested in examining any contrary evidence, with U.S Secretary of State John Kerry saying Monday that Assad's guilt was "a judgment … already clear to the world." However, from numerous interviews with doctors, Ghouta residents, rebel fighters and their families, a different picture emerges. Many believe that certain rebels received chemical weapons via the Saudi intelligence chief, Prince Bandar bin Sultan, and were responsible for carrying out the dealing gas attack. "My son came to me two weeks ago asking what I thought the weapons were that he had been asked to carry," said Abu Abdel-Moneim, the father of a rebel fighting to unseat Assad, who lives in Ghouta. Abdel-Moneim said his son and 12 other rebels were killed inside of a tunnel used to store weapons provided by a Saudi militant, known as Abu Ayesha, who was leading a fighting battalion. The father described the weapons as having a "tube-like structure" while others were like a "huge gas bottle." Ghouta townspeople said the rebels were using mosques and private houses to sleep while storing their weapons in tunnels. A
Paul Merrell

Former NSA and CIA director says terrorists love using Gmail - 0 views

  • Former NSA and CIA director Michael Hayden stood on the pulpit of a church across from the White House on Sunday and declared Gmail the preferred online service of terrorists. As part of an adult education forum at St. John’s Episcopal Church, Hayden gave a wide ranging speech on "the tension between security and liberty." During the speech, he specifically defended Section 702 of the Foreign Surveillance Intelligence Act (FISA), which provides the legal basis for the PRISM program. In doing so, Hayden claimed "Gmail is the preferred Internet service provider of terrorists worldwide," presumably meaning online service rather than the actual provider of Internet service. He added: "I don't think you're going to see that in a Google commercial, but it's free, it's ubiquitous, so of course it is."
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    I wonder if he was just shooting from the hip, or if not, whether his analysis ignored some important factors, e.g., -- Qualitative factors, e.g., is he talking about run-of-the-mill terrorists or tech-savvy "terrorists." One might reasonably suspect that the tech-savvy would avoid Gmail like the plague particularly since Edward Snowden's disclosures began to appear. -- Likewise, are the NSA's foreign language Email scanning abilities as good as their English scanning abilities? One might reasonably suspect that the tech-savvy "terrorists" communicate using fairly obscure foreign human languages that NSA's scanners do less than a good job of comprehending. Remember the "Wind Talkers" of World War II who communicated using the Navajo language, a "code" the Japanese never decoded.  -- There's also the selection factor. We now know that NSA gets daily doses of email metadata from Google and Yahoo! but hasn't yet set up similar listening posts for most email services on the globe. Are we to believe that the availability of the metadata  for the big two email services has no effect on detection of "terrorist" emails? I doubt that NSA would be fighting so hard to keep PRISM were that true.
Gary Edwards

The Daily Bell - Catherine Austin Fitts on Moral Investing and the Coming Equity 'Crash... - 1 views

  • If you talk about legacy systems and then a breakaway civilization, the legacy systems were financed with debt and if the resources have basically been shifted out and over into "NewCo" then that's going to be an equity model. We're literally coming into what I consider to be a planetary debt for equity swap. So the question for all of us is how do we navigate the turn? When do you leave the bond market and when does the equity increase occur? We've seen North America equity markets rising and the emerging markets falling this year.
  • We're seeing a tremendous divergence in the economy in North America between those portions of the economy that are adapting new technology and growing and the rest of the economy.
  • The other thing I watch is what the divergence means to bond credits and to equity valuations. If you look at the indices you don't really see it. If you look inside the indices you see some enormous splits in quality and value going on.
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  • The slow burn is a world in which for most people income is flat or falling and expenses are steadily rising. It's a debasement scenario. And the reality is the central banks have been able to have a quite liberal monetary policy because we've been able to offset that with labor deflation. So by globalizing labor and instituting technology you have tremendous deflationary pressures, which offset very generous monetary policy.
  • Starting in the '90s a decision was made to move significant amounts of capital out of existing systems in  the developed world and literally trillions of dollars of financial fraud was engineered to do that. As a financial phenomenon it was quite clever and trillions have literally been moved out between the fraud and the bailouts. I think what the Fed has been doing with quantitative easing is running a shredding operation where they buy up the fraudulent mortgage securities paper and are shredding it.
  • If you look at the Treasury, they've run a very tight regulatory process where that money doesn't seep out on Main Street. It's quite phenomenal the way they've managed to control it. I think one of the big questions is where is that money going to go now? It certainly looks to me like a great effort is being made to make sure it goes into equities, sort of keeps the bond market afloat and goes into equities. So I look it as a very political move.
  • You can balance the budget with fiscal measures or you can balance the budget by the Fed just buying bonds and if you look at the Fed's balance sheet, I think they have a much greater capacity to buy bonds. If you look at all the money that was stolen, the breakaway civilization has plenty of money to buy bonds.
  • I would say so far the Fed's policies have worked for what they're intended to do. We've moved a tremendous amount of money out of the economy. We've now basically run through the statute of limitations or done whatever management needed to cut the cords so that what I call the legacy systems can't get the money back. So the financial coup d'état has been successful and now the cover-up is pretty much over and successful.
  • So now you have big decisions. You have two economies. Before this started what I call the legacy systems had $100 trillion of liabilities and $100 trillion of assets – now, I'm just pulling those numbers out of the air – and
  • the coup moved $40 trillion of assets over into NewCo
  • if you will. Now we've got the legacy systems trying to reconcile $60 trillion of assets to $100 trillion of liabilities and there is a long, drawn-out, grinding process by which some people will get 50 cents on the dollar, some people will get zero cents on the dollar, some people will get 100 cents on the dollar. It's just a very difficult, complex and tangled political scene as to how that's going to all happen. Meantime, NewCo, with $40 trillion dollars, is investing and going gangbusters. NewCo is enjoying an unprecedented boom, investing in lots of new technology and new frontiers, including space. So I think the next step is to manage the lowering of expectations in the legacy systems. That's basically what the administration and the Fed are going to be doing for the next couple years, is just gutting their way through retirees' disappointment.
  • There are three things
  • Number one, Obamacare was created to create a framework that would allow significant reduction of costs and benefits under Medicare over time and healthcare over time;
  • Well, the goal of Obamacare is to control.
  • number two, Obamacare was to provide much more control over both the medical establishment and the population at large;
  • and then, three, to do it in a way that will protect corporate profits.
  • in a relatively short period of time US Medicare expenses would be several multiplicities of the GNP.
  • It's clearly a system that makes no economic sense. It's not just that people are aging. If we eat food that has little nutrition and provide healthcare in which pharmaceutical companies are allowed to charge many multiples of what they charge in other countries you're going to get a financial train wreck, which is where we're headed.
  • So I think the goal was to reconcile that and do it in a way that favors corporations and control.
  • If you go around the entire financial ecosystem, they're getting hit within every line by the same pro-centralization policies that ultimately go up to the same people.
  • Do I think it will snuff out the recovery? No. I think it will simply destroy the economics for a whole world of people who were productive.
  • I don't think the banks are fragile. What happened was they were asked to do a job, they did it and now they've taken all the fraudulent paper and sold it to the Fed or torn it up because they had so much in federal credit arbitrage earnings during this period. So I don't think they're fragile.
  • So it certainly puts us in a position where the creditworthiness of a lot of sovereign debt depends on government military might and the ability to debase a variety of players.
  • If you look at it across all the different tools, from fabrication technology to new composite materials to robotics to lasers, we're reaching a critical mass of the economic costs dropping and the speed of learning accelerating.
  • if you want to go really fast and prototype and build out infrastructure, the best way to do it is to make capital available to early venture and start-ups.
  • we, as a society, have stopped the markets from working in the start-up and the small business space.
  • There's been a lot of regulation to make it easy for Wall Street to control and make it difficult for small businesses to raise and circulate liquid equity. It's one of the areas in the economy where there really has been a very serious conspiracy.
  • If you look back at the history of the US stock market you'll see two huge spikes, one in the '20s, one in the '90s, both when very profound new communication and information technology came out.
  • I think we're in danger of another tech bubble. If you look at who's interested in putting money in this and getting lots of prototypes, the last time they did this was in the '90s. They made a fortune on fraud and they used it not only to serve some fundamental economic purposes but they used it to drain out the pension funds and the retail investors.
  • securities convertible into store credits
  • Wall Street doesn't understand about crowdfunding, are the new alignments that are going to be created in terms of circulating knowledge and purchases and money between consumers and entrepreneurs and companies. It's going to create a whole new level of intimacy.
  • I recommend the documentary, "The Naked Brand." It gives a good sense of the worth of that intimacy and the change from a mass media model to much more intimate relationships
  • awakening of global consciousness.
  • in North America there is almost an astonishing lack of transparency about how government money works within the jurisdiction for which we vote for political representation.
  • So if you were going to have proper transparency in America you would have annual financial statements for your congressional district as well as for the whole country.
  • Now, the government has refused since 1995, as required by law, to produce annual financial statements let alone for the places in which you're voting for jurisdiction. And if you're going to have any kind of citizenry accountability or legislator accountability you have to have that kind of transparency and the government has gone to enormous lengths to prevent that kind of transparency while pretending that we're very transparent. So the Internet is going to make it more and more difficult for that absence of transparency to continue or be justified, and that's good.
  • The final thing is, of course, and readers know this if they're reading The Daily Bell, you're dealing in a system that includes a significant amount of corruption and fraud so you just need to be extremely careful about the quality of the people or the enterprises in which you invest or do business with and keep your assets fairly diversified in terms of both areas of the economy, or sectors, and places.
  • That's number one.
  • Number two, a lot of households have assets which represent liabilities of the legacy economy, whether Social Security, Medicare or others, and one of the things you have to understand is the politics – you need to not get trapped in the politics of stringing people out for those benefits. Do the best you can but don't get lost in the treadmill of trying to get promised benefits that may or may not come true. And to the extent that you can not get financially dependent on those benefits it would be very good.
  • if you have all your assets in the legacy economy and none in the growing economy you're going to suffer.
  • Take a look at different predictions that gold is going to increase significantly in value. All those predictions assume that the monetary inflation is going to spill into commodities. And what you're watching instead is the G-7 have been essentially building a corral that forces the horses to run out through the stock market. That's why I call it a crash-up.
  • I think one scenario we're looking at is the possibility of a crash-up scenario where that monetary increase is funneled into the equity markets. One of the most important questions there is, can you get the global population interested in investing in equities? Because the long bond market bull is coming to a close.
  • We have two choices. We can basically write down the debt and go through a huge crunch period or we can have a crash-up in the equity markets.
  • Right after 9/11 – and General Wesley Clark has said this and I experienced it in my tiny little community in Tennessee – we were basically given what the battle plan was going to be – the US military taking over Eurasia. First we were going to go to Afghanistan, then we were going to go to Iraq, then we were going to go to Libya, then we were going to go to Syria and then we're going to Iran. It was all laid out for us and we seem to be following that battle plan, albeit slower than predicted at that time.
  • If we're going to create a global financial system and a one-world currency, you need everybody in the central banking model. You have outliers. We seem to be bringing in all the outliers. As we do, we are trying to checkmate Russia and China within Eurasia, because I think control of Eurasia is essential for maintaining global empire.
  • what we're watching is an effort to bring everybody into a centrally controlled central banking model.
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    Catherine is a frequent guest on CoastToCoastAM.com, so I've come to know her well.  Although this interview doesn't discuss her ability to see into the future, I know from experience that she is a real visionary hitting the mark at an astounding clip.  Chalk this interview up as a must read.
Paul Merrell

EXCLUSIVE: Mayor Bill de Blasio's secret appearance at right-leaning pro-Israel lobby a... - 0 views

  • Mayor de Blasio's secret appearance before the hard-line American Israel Public Affairs Committee touched off a behind-the-scenes backlash among his liberal Jewish supporters, private emails obtained by the Daily News show. “I am actually getting as many angry messages from Jewish non-AIPAC folks (Pro Israel, J Street and Peace Now Supporters) than I did on the east side snow problems,” State Sen. Liz Krueger wrote to de Blasio’s senior aide Emma Wolfe on Jan. 30. “I think BDB needs a broader education on NY Jewish/Israel issues to avoid future blow ups,” wrote Krueger, according to emails obtained by The News under a Freedom of Information Request. Wolfe acknowledged the blow-back, replying: “Yup we are trying to figure it out.” De Blasio’s Jan. 23 appearance before AIPAC was not listed on his public schedule. But a reporter for the web site Capital New York slipped into the event and recorded part of the speech before he was kicked out. In the speech, de Blasio offered unqualified support to the fiercely pro-Israel group. “City Hall will always be open to AIPAC,” he said. “When you need me to stand by you in Washington or elsewhere, I will answer the call and answer it happily.” Liberal Jews who back de Blasio were upset to learn the mayor had positioned himself squarely with the hard-line group.
  • The emails showing the behind-the-scenes discussion of the fallout were obtained after The News filed a Freedom of Information Request for Wolfe’s correspondence regarding Jewish issues related to AIPAC, J Street and other Jewish organizations. The majority of the 160 pages produced by City Hall in response to the request were heavily redacted.
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    Up and coming Dem Bill de Blasio begins learning the art of straddling Jewish politics the hard way, caught with his pants down in bed with the hard-line War Party American-Israel Public Affairs Committee. 
Gary Edwards

Feds confiscate investigative reporter's confidential files during raid | The Daily Caller - 3 views

  • A veteran Washington D.C. investigative journalist says the Department of Homeland Security confiscated a stack of her confidential files during a raid of her home in August — leading her to fear that a number of her sources inside the federal government have now been exposed. In an interview with The Daily Caller, journalist Audrey Hudson revealed that the Department of Homeland Security and Maryland State Police were involved in a predawn raid of her Shady Side, Md. home on Aug. 6. Hudson is a former Washington Times reporter and current freelance reporter. A search warrant obtained by TheDC indicates that the August raid allowed law enforcement to search for firearms inside her home.
  • But without Hudson’s knowledge, the agents also confiscated a batch of documents that contained information about sources inside the Department of Homeland Security and the Transportation Security Administration, she said. Outraged over the seizure, Hudson is now speaking out. She said no subpoena for the notes was presented during the raid and argues the confiscation was outside of the search warrant’s parameter. “They took my notes without my knowledge and without legal authority to do so,” Hudson said this week. “The search warrant they presented said nothing about walking out of here with a single sheet of paper.”
  • After the search began, Hudson said she was asked by an investigator with the Coast Guard Investigative Service if she was the same Audrey Hudson who had written a series of critical stories about air marshals for The Washington Times over the last decade. The Coast Guard operates under the Department of Homeland Security.
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    If reality is as stated, the reporter has a pretty strong civil rights case against the government officials who knowingly participated in the theft and retention of the reporter's notes, two distinct conspiracies. Under the 4th Amendment, officers executing a search and seizure warrant may lawfully seize the items particularly described in the warrant and any other evidence of crime that is in plain view during the search. It's a big push of credibility to argue that reading documents stored in a bag in search for a gun falls within the "plain view" doctrine. The officer could instead just reach his hand into the bag and feel around for a gun. Quite a few extra steps involved in removing the documents and reading them simply to determine whether the bag contains a gun. Add in the facts that: [i] the supposed recognition of government documents argument does not explain why the officers seized personal handwritten notes too; and [ii] the evidence that the officer who discovered the docs had learned that the reporter was one who had called the conduct of his agency into question, and it comes out smelling a lot more like an attempt to discover the reporters' sources than a legitimate search for guns when the bag was searched.   Only one side heard from so far, of course. But this sounds more like low-level government officials who were ignorant of their legal obligations than a White House-driven scandal. But I wouldn't want to be the government lawyer who authorized the retention of the seized notes and other documents. They should have been returned without retaining copies the instant the lawyer learned of the circumstances of their seizure. There's not only a 4th Amendment liberty interest but also a 1st Amendment freecdom to communicate anonymously right protecting those documents and notes. 
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    I listened to an interview with Audrey Hudson last night. It seems to me the key fact is in this clip; "But without Hudson's knowledge, the agents also confiscated a batch of documents that contained information about sources inside the Department of Homeland Security and the Transportation Security Administration, she said." Audrey had written a series of articles describing how the Homeland Security and Transportation agency had been lying about air marshalls and the post 911 program to secure passenger flights. The documents that were stolen listed her sources - the whistle blowers inside the Homeland Security administration who leaked information about the lies and the many problems with the program that the Obama administration was covering up. This sounds to me like another example of Obama hunting down and persecuting whistleblowers. A direct violation of the 1989 - 2007 Whistleblower Protection Act. Not surprisingly, Ms Hudson had not tried to contact any of her whistleblowing sources for fear that the NSA would be watching and that this persecution would happen. Interestingly, the warrant was to seize a "potato launcher". No kidding! It seems Ms. Hudson's husband had, at one time been a licensed arms dealer. He lost that license having sold a gun with faulty paperwork. This event had occurred years earlier, and Mr. Hudson had long since moved on and was currently working for the Coast Guard as an outside contractor/consultant. So they seized the toy "potato launcher", as described in the warrant. But they also ransacked the home looking for the key documents that listed Ms Hudson's inside Homeland Security sources behind her air marshal scandal articles. These documents were the only items seized - other than the "potato launcher" that was the only item listed in the warrant. Seems we've been here before. From wikipedia, the story of Friedrich Gustav Emil Martin Niemöller: ........................... Arrested on 1 July 1937, N
  •  
    "But without Hudson's knowledge, the agents also confiscated a batch of documents that contained information about sources inside the Department of Homeland Security and the Transportation Security Administration, she said."
  •  
    What troubles me the most about this event, assuming the truth of what's reported, is how well known the limitations on execution of a search warrant are within the law enforcement community. If it happened as described, it seems very unlikely that the officer who grabbed the documents did not know he was violating the 4th Amendment. Ditto for the lawyer or other official(s) who learned of what went down shortly thereafter, but kept the documents anyway. There's an arrogance that goes with government and corporate officials who don't have to personally pay damage awards. With no personal monetary liability (in reality, since the government or corporation picks up the tab), it becomes a matter of personal ethics and whether the misbehavior will anger or please the boss. If the ethics are weak, that becomes a pretty simple choice.
Paul Merrell

Jon Stewart as presidential debate moderator? Petition hopes so - Aug. 20, 2015 - 0 views

  • Jon Stewart has traded jabs with some of the biggest names in U.S. politics during his 16-year year tenure as host of "The Daily Show." Now, thousands want him to moderate a presidential debate. Over 100,000 people have signed a Change.org petition that wants the satirical host to moderate a 2016 presidential debate.
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    Given his irreverence, that might be fun. Perhaps some real issues would wind up being discussed. 
Paul Merrell

Saudi Prince Threatens 'Military Action Without American Support' Against Iran | MRCTV - 0 views

  • In the first public criticism of the P5+Iran deal by a member of the Saudi Arabian royal family, Prince Bandar bin Sultan told Lebanon’s Daily Star the deal would allow Iran to acquire a nuclear bomb and would “wreak havoc in the region." Covered in The Times of London, the prince also told Daily Star, "Saudi Arabia and the Gulf powers are prepared to take military action without American support after the Iran nuclear deal" Iran and Saudi Arabia are the two leading players in the Sunni/Shia divide and are competing for leadership of the Muslim world. The Sunni Islam Saudi Arabian monarchy fears that the Shia Islam Iranians will employ terrorists in an attempt topple the monarchy and the ruling House of Saud.  Prince Bandar was the Saudi ambassador to Washington for 20 years before returning home to run the country’s intelligence service from 2005-2014. While he is no longer a part of the inner ring of Saudi decision-making, the prince is still a very connected member of the ruling family. The prince would not be conducting interviews without the permission of highest authorities; most likely he was asked to to put himself out there by his uncle King Salman.
  • The Prince also said that regional powers have lost faith in America: “People in my region now are relying on God’s will, and consolidating their local capabilities and analysis with everybody else except our oldest and most powerful ally” The prince was less polite in an op-ed he wrote for the London-based Arabic news Web site Elaph. He compared the Iran nuclear deal made by Obama to the North Korean nuclear deal Bill Clinton made.  Bandar suggested that they were both bad deals but Clinton made a bad deal with the best of intentions thinking it was a good deal. Obama on the other hand knew he was making a lousy deal and made it anyway.  Quoted in a Washington Post article which translated part of the Elaph piece: Bandar says [about the North Korean pact], "it turned out that the strategic foreign policy analysis was wrong and there was a major intelligence failure." He added that if Clinton had known the full picture, "I am absolutely confident he would not have made that decision."
  • The Saudi royal then contrasts this with the present situation with Iran, "where the strategic foreign policy analysis, the national intelligence information, and America’s allies in the region's intelligence all predict not only the same outcome of the North Korean nuclear deal but worse – with the billions of dollars that Iran will have access to." Bandar says Obama is smart enough to understand this but that he is ideologically willing to accept collateral damage because he believes he is right. (..)The Saudi prince says the new Iran deal and other developments in the region have led him to conclude that a phrase first used by Henry Kissinger – “America’s enemies should fear America, but America’s friends should fear America more" – is correct.
Paul Merrell

Swedish Troops to join faux anti ISIS Alliance in Iraq | nsnbc international - 0 views

  • The Swedish government announced on Thursday that Sweden will deploy armed forces to Iraq to support military operations against the Islamic State, a.k.a. ISIS or ISIL. The terrorist organization is known to be overtly and covertly funded and armed by members of the so-called “coalition against the Islamic State”. The deployment of 35 Swedish troops is a minimal contribution but has, nonetheless maximum political effect. That is, that the Scandinavian country lends its political credence to the: “the fight against ISIS“ narrative.
  • Swedish Foreign Minister Margot Wallstöm and Defense Minister Peter Hultquist were quoted in the Swedish daily Dagens Nyheter (Daily News) as saying that “Cooperation against terrorism is the key to success. Sweden will continue to support these common efforts”. The two ministers added that Sweden could eventually expand its mission to 120 troops. The Scandinavian country has a population of about 9.7 million. Political and Legal Implications; Crimes against Peace: To understand the political implications one has to understand the genesis of the war on Syria, why and how it spread to Iraq, related energy-security planning, as well as the direct support of ISIS via NATO member States, Saudi Arabia, as well as other Middle Eastern countries. One also has to understand that the so-called “moderate opposition” and ISIS effectively have the same utility and that arms are transferred in-between the diverse mercenary brigades in the region. None of the above is mentioned in any of the Swedish mainstream media.
  • War Planned Years in Advance: In June 2013 the senior French Statesman and former Foreign Minister Roland Dumas said during an appearance in the French TV channel LPC that top-British officials had asked him, in 2009, if he wanted to participate in ousting the Syrian government with the help of “rebels”. That was years before the first “protests” erupted in 2011: (nsnbc audio archives) Dumas said:
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  • “I am going to tell you something. I was in England two years before the violence in Syria on other business. I met with top British officials, who confessed to me, that they were preparing something in Syria. … This was in Britain not in America. Britain was organizing an invasion of rebels into Syria. They even asked me, although I was no longer Minister of Foreign Affairs, if I would like to participate. Naturally, I refused, I said I am French, that does not interest me. … This operation goes way back. It was prepared, preconceived and planned… in the region it is important to know that this Syrian regime has a very anti-Israeli stance. … Consequently, everything that moves in the region…- and I have this from a former Israeli Prime Minister who told me ´we will try to get on with our neighbors but those who don´t agree with us will be destroyed. It is a type of politics, a view of history, why not after all. But one should  know about it”. The Islamic State, a.k.a. ISIS or ISIL has its origin in the Unites States, the UK’s, NATO’s and Middle Eastern NATO allies’ attempt to introduce Al-Qaeda into Iraq as a pretext for the U.S.-led military presence in the country.
  • War For Oil – By Foreign Funded Mercenary Brigades. Details about the genesis of ISIS have been published in the nsnbc international article entitled “ISIS Unveiled: The Identity of the Insurgency in Syria and Iraq”. ISIS initially launched its assaults against Syria via Turkey and Jordan.
  • In 2012 the Iraqi government under the then Prime Minister al-Maliki deployed troops to Iraq’s al-Anbar province to stem up for the trafficking of weapons, munitions and fighters via old smuggling routes to Syria’s oil-rich Deir Ez-Zour province where ISIS had gained a foothold. The al-Maliki government’s initiative made it necessary to re-route much of that traffic via Jordan, where the U.S. JSOC, CIA, USAID and other organizations had established a joint command and intelligence structure with the “opposition” at the Ramtha Air Base as well as in the border town Al-Mafraq. April 22, 2013 the European Union (EU) lifted its ban on the import of Syrian oil from “rebel-held territories”. The export of Syrian oil to Turkey has since then more than doubled. In June 2014 nsnbc international’s editor-in-chief met a person from within the inner circle around the former Lebanese PM and multi-billionaire Saad Hariri. The meeting took place in the Danish capital Copenhagen.
  • Concerned about that the war was developing into a regional war that eventually also would engulf Lebanon the whistleblower presented evidence to support his claim that the final decision to launch the invasion of Iraq with ISIS brigades was made on the sidelines of the Atlantic Council Energy Summit in Turkey on November 22 -23, 2013. He added that ISIS operations via Turkey are run via the U.S. Embassy in Turkey, involving Ambassador Riccardione.
  • Also in 2013, U.S. Senator John McCain met with the then Free Syrian Army (FSA) chief Salim Idriss, ISIS leader al-Badri, a.k.a al-Baghdadi and Caliph Ibrahim in a safe house in the Syrian city of Idlib, near the Turkish border. In 2014 over 5,000 the fighters of the so-called “moderate opposition” groups which are supported by the United States and others would join the ranks of ISIS. ISIS and Jabhat al-Nusrah are currently fighting side-by-side for control over the Damascus suburb and Palestinian refugee camp Yarmouk at the outskirts of the Syrian capital Damascus. The deployment of Swedish troops, regardless how small or symbolic the contingent is, constitutes, arguably, a crime against peace committed by Margot Wallström and Peter Hulquist as it is implausible that the two Swedish Ministers are unaware of the above mentioned information that is readily available in the public domain.
Paul Merrell

Hillary Clinton's Mega-Donors Are Also Funding Jeb Bush - The Daily Beast - 0 views

  • For some wealthy donors, it doesn’t matter who takes the White House in 2016—as long as the president’s name is Clinton or Bush. More than 60 ultra-rich Americans have contributed to both Jeb Bush’s and Hillary Clinton’s federal campaigns, according to an analysis of Federal Election Commission data by Vocativ and The Daily Beast. Seventeen of those contributors have gone one step further and opened their wallets to fund both Bush’s and Clinton’s 2016 ambitions. After all, why support just Hillary Clinton or just Jeb Bush when you can hedge your bets and donate to both? This seems to be the thinking of a group of powerful men and women—racetrack owners, bankers, media barons, chicken magnates, hedge funders (and their spouses). Some of them have net worths that can eclipse the GDPs of small countries.
Gary Edwards

The US Dollar is Doomed: from The Daily Reckoning - 0 views

  • The truth is that the US is insolvent and its policymakers will stop at nothing in order to avoid sovereign default. So, it should come as no surprise that at its latest meeting, the Federal Reserve downplayed the risk of inflation, thereby setting the stage for another round of money creation.
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    10/22/10 Hong Kong, China - Austerity be damned, at this rate Mr. Bernanke will go down in the history books as one of the greatest money creators ever to have walked this planet! Never mind sky-high deficits and a crushing debt overhang, at its most recent FOMC meeting, the Federal Reserve all but guaranteed another round of quantitative easing. The truth is that the US is insolvent and its policymakers will stop at nothing in order to avoid sovereign default. So, it should come as no surprise that at its latest meeting, the Federal Reserve downplayed the risk of inflation, thereby setting the stage for another round of money creation.
Gary Edwards

Microsoft Uses Loopholes To Pay Just 7% Corporate Tax, Cantor Is Hedge Fund's... - 1 views

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    OUTRAGE - Microsoft Uses Loopholes To Pay Just 7% Corporate Tax Eric Cantor Is The Hedge Funder's Best Man In Congress - Washinton Post The Road To Hell Directly Before Us - MUST READ Karl Denninger Obamacare Individual Mandate Battle Reaches Supreme Court DETAILS - Geithner To Announce Backup Plans With No Debt Deal In Place Fed Governor Speaks: More QE Won't Help Growth But Would Spur Inflation How The Two-Party Oligarchy Uses Left-Right Charade To Loot The Country Debt Ceiling Fights Going Back To Eisenhower Florida Rep. Demands Records On Ousted Foreclosure Fraud Investigators Publisher That Owns S&P Kills Ritholtz's Bailout Book Critical Of Ratings Agencies Did S&P flip flop on US debt target? - Reuters The "Solution" to America's Debt Ceiling Crisis: Looting What has Already been Looted
Gary Edwards

MUST SEE - Felonious Monk Tells Obama "Stop Being A Dickhead And Balance The ... - 0 views

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    Outrageous rant from rapster Felonious Monk.  Very vulgar ghetto speak, but right on target.  Who would have guessed that Felonious is a Tea Party Patriot?  Balance the Budget!  Stop Spending money you don't have.  Stop spending money we have to borrow from the Chicomms!  Great stuff if you can handle the colorful expression.  This is one angry American, and i'm right with him.
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