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Gary Edwards

Paul Craig Roberts-Obama Could Govern as a Dictator | Greg Hunter's USAWatchdog - 1 views

usawatchdog.com/ama-could-govern-as-a-dictator

Banksters Debt-Crisis Federal-Reserve-Bankster-Cartel

shared by Gary Edwards on 12 Oct 13 - No Cached
    • Gary Edwards
      Gary Edwards on 12 Oct 13
       
      If Congress is wooried about being black mailed into either voting for the an increased debt limit, or, facing an invocation of the Continuity of Government plan, why not opt instead to pass a resolution declaring the current "Continuity of Government" plan un Constitutional?  Which it is!!!!!!!
  • Gary Edwards on 12 Oct 13
     
    Interview with former Assistant Treasury Secretary, Paul Craig Roberts. He comments on the relationship between the Debt Limit Crisis, and the "Continuity of Government Plan" that would be triggered by a catastrophic emergency. The triggering of the Continuity of Government plan would result in the end of our Constitution. There is no provision in the Constitution for any kind of "Continuity of Government" plan. Especially a plan that would suspend or infringe in any way on the rights and liberties of individual Americans. Nothing!! "You can forget about any default in the debt ceiling crisis.  Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, "The debt ceiling will be raised.  No government wants to lose its power or lose its ability to borrow.  So, if they don't raise the debt ceiling, it is just a way of Washington committing hari-kari.  It simply removes the United States as a super power."  Dr. Roberts goes on to say, "If they don't make a deal, one of two things will happen. . . . The Federal Reserve, on its own authority, lends the Treasury the money. . . . The other alternative, Obama . . . can simply declare a national emergency and raise the debt ceiling on his own initiative.  He could govern as a dictator." What would happen if the U.S. did default?  Dr. Roberts says, "The danger of default is the rest of the world dumps dollars.  If they dump dollars, the Fed loses control, the whole system blows up.  The banks fail.  The bond market collapses.  The stock market won't go down 1,500 points; it would be cut in half. " No matter what happens, there is still an enormous and growing debt.  Dr. Roberts contends, "The situation is unsustainable."  It will blow up at some point, and Dr. Roberts predicts, "It will be worse than the Great Depression because in the Great Depression, prices fell along with employment.  Now, prices will be rising and employment would be falling. . . . Gold and silver prices
Gary Edwards

Stasi in the White House - Paul Craig Roberts - 0 views

www.thedailybell.com/...berts-Stasi-in-the-White-House

Paul-Craig-Roberts End-of-America Obammunism Stassi ruling-class-elites

shared by Gary Edwards on 25 Jun 13 - No Cached
  • On June 19, 2013, US President Obama, hoping to raise himself above the developing National Security Agency (NSA) spy scandals, sought to associate himself with two iconic speeches made at the Brandenburg Gate in Berlin. Fifty years ago, President John F. Kennedy pledged: "Ich bin ein Berliner." In 1987, President Ronald Reagan challenged: "Mr. Gorbachev, tear down this wall." Obama's speech was delivered to a relatively small, specially selected audience of invitees. Even so, Obama spoke from behind bullet proof glass.
  • Obama's speech will go down in history as the most hypocritical of all time. Little wonder that the audience was there by invitation only. A real audience would have hooted Obama out of Berlin.
  • Obama spoke lofty words of peace, while beating the drums of war in Syria and Iran. Witness Obama's aggressive policies of surrounding Russia with missile bases and establishing new military bases in the Pacific Ocean with which to confront China.
  • ...16 more annotations...
  • This is the same Obama who promised to close the Guantanamo Torture Prison, but did not; the same Obama who promised to tell us the purpose for Washington's decade-long war in Afghanistan, but did not; the same Obama who promised to end the wars, but started new ones; the same Obama who said he stood for the US Constitution, but shredded it; the same Obama who refused to hold the Bush regime accountable for its crimes against law and humanity; the same Obama who unleashed drones against civilian populations in Afghanistan, Pakistan and Yemen; the same Obama who claimed and exercised power to murder US citizens without due process and who continues the Bush regime's unconstitutional practice of violating habeas corpus and detaining US citizens indefinitely; the same Obama who promised transparency but runs the most secretive government in US history.
  • The tyrant's speech of spectacular hypocrisy elicited from the invited audience applause on 36 occasions.
  • Here was Obama, who consistently lies, speaking of "eternal truth."
  • Here was Obama, who enabled Wall Street to rob the American and European peoples and who destroyed Americans' civil liberties and the lives of vast numbers of Iraqis, Afghans, Yemenis, Libyans, Pakistanis, Syrians − and others, speaking of "the yearnings of justice."
  • Obama equates demands for justice with "terrorism."
  • Here was Obama, who has constructed an international spy network and a domestic police state, speaking of "the yearnings for freedom."
  • Obama has turned America into a surveillance state that has far more in common with Stasi East Germany than with the America of the Kennedy and Reagan eras. Strange, isn't it, that freedom was gained in East Germany and lost in America?
  • Here was Obama, president of a country that has initiated wars or military action against six countries since 2001 and has three more Muslim countries − Syria, Lebanon, and Iran − in its crosshairs and perhaps several more in Africa, speaking of "the yearnings of peace that burns in the human heart," but clearly not in Obama's heart.
  • At the Brandenburg Gate, Obama invoked the pledge of nations to "a Universal Declaration of Human Rights," but Obama continues to violate human rights both at home and abroad.
  • Obama has taken hypocrisy to new heights. He has destroyed US civil liberties guaranteed by the Constitution.
  • In place of a government accountable to law, he has turned law into a weapon in the hands of the government.
  • He has intimidated a free press and prosecutes whistleblowers who reveal his government's crimes. He makes no objection when American police brutalize peacefully protesting citizens.
  • His government intercepts and stores in National Security Agency computers every communication of every American and also the private communications of Europeans and Canadians, including the communications of the members of the governments, the better to blackmail those with secrets.
  • Obama sends in drones or assassins to murder people in countries with which the US is not at war, and his victims on most occasions turn out to be women, children, farmers and village elders.
  • Obama kept Bradley Manning in solitary confinement for nearly a year assaulting his human dignity in an effort to break him and obtain a false confession. In defiance of the US Constitution, Obama denied Manning a trial for three year
  • On Obama's instructions, London denies Julian Assange free passage to his political asylum in Ecuador. Assange has become a modern-day Cardinal Mindszenty.
  • Gary Edwards on 25 Jun 13
     
    Wow.  I remember Paul Craig Roberts writing on the backpage of NewsWeek Magazine, back in the late 1960's.  Wow, we've come a long way since the days of protesting the Vietnam War, the socialism behind LBJ's Great Society, and the outrageous coup d'état that took place with the in-your-face-America assassination of JFK.  The circle is almost complete. The American Constitution hangs by a thread.  The anger and heart ache of Paul Craig Roberts says it all. I wonder who will win this years "Dancing with the Stars" competition?
Paul Merrell

The West Dethroned -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...t-dethroned-paul-craig-roberts

war & peace G20-summit obama Israel AIPAC decline of the American Empire

shared by Paul Merrell on 09 Sep 13 - No Cached
  • The “New American Century” proclaimed by the neoconservatives came to an abrupt end on September 6 at the G20 meeting in Russia. The leaders of most of the world’s peoples told Obama that they do not believe him and that it is a violation of international law if the US government attacks Syria without UN authorization. Putin told the assembled world leaders that the chemical weapons attack was “a provocation on behalf of the armed insurgents in hope of the help from the outside, from the countries which supported them from day one.” In other words, Israel, Saudi Arabia, and Washington–the axis of evil. China, India, South Africa, Brazil, Indonesia, and Argentina joined Putin in affirming that a leader who commits military aggression without the approval of the UN Security Council puts himself “outside of law.” In other words, if you defy the world, obama, you are a war criminal.
  • We are yet to see an american president who can stand up to Israel. Or, for that matter, a Congress that can. Or a media. The obama regime tried to counter its smashing defeat at the G20 Summit by forcing its puppet states to sign a joint statement condemning Syria. However the puppet states qualified their position by stating that they opposed military action and awaited the UN report.
  • What this reveals is that the support behind the liar obama is feeble and limited. The ability of the Western countries to dominate international politics came to an end at the G20 meeting. The moral authority of the West is completely gone, shattered and eroded by countless lies and shameless acts of aggression based on nothing but lies and self-interests. Nothing remains of the West’s “moral authority,” which was never anything but a cover for self-interest, murder, and genocide.
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  • The idiot Western governments have pissed away their clout. There is no prospect whatsoever of the neoconservative fantasy of US hegemony being exercised over Russia, China, India, Brazil, South Africa, South America, Iran. These countries can establish their own system of international payments and finance and leave the dollar standard whenever they wish. One wonders why they wait. The US dollar is being printed in unbelievable quantities and is no longer qualified to be the world reserve currency. The US dollar is on the verge of total worthlessness. The G20 Summit made it clear that the world is no longer willing to go along with the West’s lies and murderous ways. The world has caught on to the West. Every country now understands that the bailouts offered by the West are merely mechanisms for looting the bailed-out countries and impoverishing the people.
  • In the 21st century Washington has treated its own citizens the way it treats citizens of third world countries. Untold trillions of dollars have been lavished on a handful of banks, while the banks threw millions of Americans out of their homes and seized any remaining assets of the broken families. US corporations had their taxes cut to practically nothing, with few paying any taxes at all, while the corporations gave the jobs and careers of millions of Americans to the Chinese and Indians. With those jobs went US GDP, tax base, and economic power, leaving Americans with massive budget deficits, a debased currency, and bankrupt cities, such as Detroit, which once was the manufacturing powerhouse of the world. How long before Washington shoots down its own homeless, hungry, and protesting citizens in the streets?
  • Washington represents Israel and a handful of powerful organized private interests. Washington represents no one else. Washington is a plague upon the American people and a plague upon the world. http://rt.com/news/g20-against-syria-strike-527/
  • About Dr. Paul Craig Roberts Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments.
  • Paul Merrell on 09 Sep 13
     
    Paul Craig Roberts makes a compelling case that the just-completed G20 summit is a historic event, marking the virtual end of U.S. ability to influence other nations to assist in imposing the Neocon/right-wing Israeli hegemonic agenda on the world. The Israel-first AIPAC lobbyists hit the hill beginning Monday morning to produce the authorization for war against Syria, painting it as essential to the Israeli goal of destroying the Iranian government. http://www.politico.com/story/2013/09/aipac-syria-96344.html The Israel-first lobby almost invariably attains its Congressional goals, regardless of those goals' damage to America. They are willing to fight to the very last drop of American blood to fulfill the Eeretz Israel dream of a Jewish empire in the Mideast and North Africa. Will Congress roll over for Israel's right-wing government yet again? We will know very soon. The key members of Congress to watch on their position in regard to war against Syria are those who are up for re-election next year. None will want to disturb voters this close to election by voting for war. Will that give them sufficient spine to withstand the Israel-firsters?  One can hope.  But the citizen message to Congress needs to be: "No to Obama. No to AIPAC. No to war."
Paul Merrell

The Left Is Self-Destructing -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...destructing-paul-craig-roberts

war & peace Trump left hypocrisy

shared by Paul Merrell on 31 Jan 17 - No Cached
  • The mindlessness is unbearable. Amnesty International tells us that we must “fight the Muslim ban” because Trump’s bigotry is wrecking lives. Anthony Dimaggio at CounterPunch says Trump should be impeached because his Islamophobia is a threat to the Constitution. This is not to single out these two as the mindlessness is everywhere among those whose worldview is defined by Identity Politics. One might think that Amnesty International should be fighting against the Bush/Cheney/Obama regime wars that have produced the refugees by killing and displacing millions of Muslims. For example, the ongoing war that Obama inflicted on Yemen results in the death of one Yemeni child every 10 minutes, according to UNICEF. Where is Amnesty International? Clearly America’s wars on Muslims wreck far more lives than Trump’s ban on immigrants. Why the focus on an immigration ban and not on wars that produce refugees? Is it because Obama is responsible for war and Trump for the ban? Is the liberal/progressive/left projecting Obama’s monstrous crimes onto Trump? Is it that we must hate Trump and not Obama?
  • Paul Merrell on 31 Jan 17
     
    Paul Craig Roberts talks sense.
Paul Merrell

Paul Craig Roberts:  The Neoconservative War Criminals In Our Midst    Inform... - 0 views

www.informationclearinghouse.info/article32054.htm

wars of aggression war crimes

shared by Paul Merrell on 05 Aug 12 - No Cached
  • Paul Craig Roberts
  • At the Nuremberg Trials of the defeated Germans after World War II, the US government established the principle that naked aggression–the American way in Afghanistan, Iraq, Libya, Somalia, Pakistan, and Yemen–is a war crime. Therefore, there is a very strong precedent for the State Department to round up those neoconservatives who are fomenting more war crimes. But don’t expect it to happen. Today, war criminals run the State Department and the entire US Government. They are elected to the presidency, the House, and the Senate, and appointed to the federal courts as judges. American soldiers, such as Bradley Manning, who behave as the State Department expects German soldiers to have behaved, are not honored, but are thrown into dungeons and tortured while a court marshall case is concocted against them.
  • Paul Merrell on 05 Aug 12
     
    Paul Craig Roberts hits the nail on its head, again.
Paul Merrell

Russia Under Attack -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...ssia-attack-paul-craig-roberts

war & peace U.S. CIA Ukraine Russia Georgia

shared by Paul Merrell on 15 Feb 14 - No Cached
  • In a number of my articles I have explained that the Soviet Union served as a constraint on US power. The Soviet collapse unleashed the neoconservative drive for US world hegemony. Russia under Putin, China, and Iran are the only constraints on the neoconservative agenda. Russia’s nuclear missiles and military technology make Russia the strongest military obstacle to US hegemony. To neutralize Russia, Washington broke the Reagan-Gorbachev agreements and expanded NATO into former constituent parts of the Soviet Empire and now intends to bring former constituent parts of Russia herself–Georgia and Ukraine–into NATO. Washington withdrew from the treaty that banned anti-ballistic missiles and has established anti-ballistic missile bases on Russia’s frontier. Washington changed its nuclear war doctrine to permit nuclear first strike. All of this is aimed at degrading Russia’s deterrent, thereby reducing the ability of Russia to resist Washington’s will.
  • Paul Merrell on 15 Feb 14
     
    Paul Craig Roberts takes the gloves off. 
Paul Merrell

The Dying Dollar -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...ying-dollar-paul-craig-roberts

financial-collapse China U.S. reserve currrencies yuan dollar settlement currency

shared by Paul Merrell on 02 Dec 13 - No Cached
  • Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base.   Now China is going to let the dollar decline further in value.  China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means that the dollar’s role as reserve currency is coming to an end, which means the termination of the US as financial bully and financial imperialist.  This blow to the dollar in addition to the blows delivered by jobs offshoring and the uncovered bets in the gambling casino created by financial deregulation means that the US economy as we knew it is coming to an end. The US economy is already in shambles, with bond and stock markets propped up by massive and historically unprecedented Fed money printing pouring liquidity into financial asset prices.  This month at the IMF annual conference, former Treasury Secretary Larry Summers said that to achieve full employment in the US economy would require negative real interest rates.  Negative real interest rates could only be achieved by eliminating cash, moving to digital money that can only be kept in banks, and penalizing people for saving. The future is developing precisely as I have been predicting. As the dollar enters its death throes, the lawless Federal Reserve and the Wall Street criminals will increase their shorting of gold in the paper futures market, thereby driving the remnants of the West’s gold into Asian hands.
  • The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policymakers will rein in dollar purchases that limit the yuan’s appreciation. “It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. The monetary authority will “basically” end normal intervention in the currency market and broaden the yuan’s daily trading range, Governor Zhou Xiaochuan wrote in an article in a guidebook explaining reforms outlined last week following a Communist Party meeting.
  • Paul Merrell on 02 Dec 13
     
    By Paul Craig Roberts
Gary Edwards

The Great Deceiver - The Federal Reserve - 0 views

www.thedailybell.com/...-Deceiver--The-Federal-Reserve

Paul-Craig-Roberts Federal-Reserve-Bankster-Cartel

shared by Gary Edwards on 13 May 14 - No Cached
  • From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds. Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP? No, Belgium's trade and current accounts are in deficit. Did Belgium's central bank print $141.2 billion worth of euros in order to make the purchase? No, Belgium is a member of the euro system, and its central bank cannot increase the money supply. So where did the $141.2 billion come from?
  • There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through January 2014 were $112 billion per month. In other words, during those 3 months there was a sharp rise in bond purchases by the Fed. The Fed's actual bond purchases for those three months are $27 billion per month above the original $85 billion monthly purchase and $47 billion above the official $65 billion monthly purchase at that time. (In March 2014, official QE was tapered to $55 billion per month and to $45 billion for May.) Why did the Federal Reserve have to purchase so many bonds above the announced amounts and why did the Fed have to launder and hide the purchase? Some country or countries, unknown at this time, for reasons we do not know dumped $104 billion in Treasuries in one week.
  • What are the reasons for this deception by the Federal Reserve?
  • ...6 more annotations...
  • The Fed realized that its policy of Quantitative Easing initiated in order to support the balance sheets of "banks too big to fail" and to lower the Treasury's borrowing cost was putting pressure on the US dollar's value. Tapering was a way of reassuring holders of dollars and dollar-denominated financial instruments that the Fed was going to reduce and eventually end the printing of new dollars with which to support financial markets. The image of foreign governments bailing out of Treasuries could unsettle the markets that the Fed was attempting to soothe by tapering.
  • Its wars and hundreds of overseas military bases could not be financed.
  • Washington's power ultimately rests on the dollar as world reserve currency. This privilege, attained at Bretton Woods following World War 2, allows the US to pay its bills by issuing debt. The world currency role also gives the US the power to cut countries out of the international payments system and to impose sanctions.
  • As impelled as the Fed is to protect the large banks that sit on the board of directors of the NY Fed, the Fed has to protect the dollar. That the Fed believed that it could not buy the bonds outright but needed to disguise its purchase by laundering it through Belgium suggests that the Fed is concerned that the world is losing confidence in the dollar. If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise. If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills.
  • A hundred billion dollar sale of US Treasuries is a big sale. If the seller was a big holder of Treasuries, the sale could signal the bond market that a big holder might be selling Treasuries in large chunks. The Fed would want to keep the fact and identity of such a seller secret in order to avoid a stampede out of Treasuries. Such a stampede would raise interest rates, collapse US financial markets, and raise the cost of financing the US debt. To avoid the rise in interest rates, the Fed would have to accept the risk to the dollar of purchasing all the bonds. This would be a no-win situation for the Fed, because a large increase in QE would unsettle the market for US dollars.
  • The withdrawal from unsustainable empire would begin. The rest of the world would see this as the silver lining in the collapse of the international monetary system brought on by the hubris and arrogance of Washington.
  • Gary Edwards on 13 May 14
     
    Incredible.  Since 2009, the Fed has been pumping $85 Billion per month into the Wall Street hedge funds of it's member banks.  Economist Paul Craig Roberts noticed some funny business the past few months regarding the Fed's numbers.  It turns out that while the Fed has been trying to convince the world that they are tapering off on their $85 Billion per month debt printing spree, the truth is just the opposite.  They have increased the debt spree to $112 Billion per month; with the help of a secret money laundering operation involving Belgium! Incredible!
Gary Edwards

The Suicide of Liberty    : By Paul Craig Roberts - 1 views

www.informationclearinghouse.info/article29386.htm

Paul-Craig-Roberts Suicide-of-Liberty Patrick-Buchanan

shared by Gary Edwards on 14 Oct 11 - No Cached
  • Gary Edwards on 14 Oct 11
     
    Paul Craig Roberts reviews the recently published Patrick Buchanan book, "The Suicide of Liberty".
Paul Merrell

What Is To Be Done? -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...done-paul-craig-roberts

Trump Flynn Sessions Russians

shared by Paul Merrell on 05 Mar 17 - No Cached
  • Dispossessed Americans rose up. They ignored the presstitute media, or perhaps were driven to support Trump by the hostility of the media. Trump was elected by dispossessed America, by the working class. The working class is out of favor with the elite liberal/progressive/left which abhors the working class as racist, misogynist, homophobic, gun nuts who oppose transgendered toilet facilities. Thus, the working class, and their chosen representative, Donald Trump, are under full assault by the presstitutes. “Trump Must Go” is their slogan. And well he might. Trump, in a fit of stupidity, dismissed his National Security Advisor, Gen. Flynn, because Flynn did what he should have done and spoke with the Russian ambassador in order to avoid a Russian response to Obama’s provocation of expelling Russian diplomats at Christmas. Russians have been demonized and ascribed demonic powers. If you speak to a Russian, you fall under suspicion and become a traitor to your country. This is the story according to the CIA, the Democratic Party, the military/security complex, and the presstitute media. Once Trump put Flynn’s blood in the water, he set the situation for the sacrifice of other of his appointees, ending with himself. At the present time, “the Russian connection” black mark is operating against Trump’s Attorney General, Jeff Sessions. If Sessions falls, Trump is next.
  • Despite the facts, the Washington Post, New York Times, CNN and all the rest of the CIA’s media whores are consciously and intentionally misrepresenting the facts. Americans do not need any more evidence that the entirety of the American media is totally devoid of integrity and respect for truth. The American media is a collection of whores who lie for a living. The presstitutes are despicable, the scum of the earth.
  • But if President Trump wants to defuse the extremely dangerous tensions that the reckless Clinton, George W. Bush, and Obama regimes have resurrected with a powerful thermo-nuclear state that only wants peace with the US, President Trump and any of his appointees who spoke to a Russian are unfit for office! This madness is the position of the idiot liberal/progressive/left, the CIA, the Democratic Party, the right-wing morons of the Republican Party such as Lindsey Graham and John McCain, and the two-bit whores that comprise the Western media. Dear reader, ask yourself, how did communications with Russians in the interest of peace and the reduction of tensions become a criminal act? Have laws been passed that it is forbidden for US officials to speak with Russian officials? Are you so utterly stupid that a presstitute media that has never in your entire life told you anything that was truthful can convince you that those who seek to avoid a conflict between thermo-nuclear powers are “Russian agents”?
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  • The entirety of the world has been put on the knife edge of existence by the arrogance, stupidity, and hubris of the neoconservative pursuit of American world hegemony. The neoconservative ideology is perfect cover for the material interest of the military/security Deep State that is driving the world to destruction.
  • Paul Merrell on 05 Mar 17
     
    Paul Craig Roberts, in fine form. It looks to me that Sessions will go, not because of Russian contacts although that may be the excuse, but because of his anti-civil rights/anti-marijuana positiions. A powerful coalition is coming together to force his outster.
Paul Merrell

Amend the Federal Reserve: We Need a Central Bank that Serves Main Street | Global Rese... - 0 views

www.globalresearch.ca/...5360637

banksters federal-reserve Federal-Reserve-reform

shared by Paul Merrell on 11 Dec 13 - No Cached
  • December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed.  At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates. The Federal Reserve is the only central bank with a dual mandate. It is charged not only with maintaining low, stable inflation but with promoting maximum sustainable employment. Yet unemployment remains stubbornly high, despite four years of radical tinkering with interest rates and quantitative easing (creating money on the Fed’s books). After pushing interest rates as low as they can go, the Fed has admitted that it has run out of tools. At an IMF conference on November 8, 2013, former Treasury Secretary Larry Summers suggested that since near-zero interest rates were not adequately promoting people to borrow and spend, it might now be necessary to set interest at below zero. This idea was lauded and expanded upon by other ivory-tower inside-the-box thinkers, including Paul Krugman. Negative interest would mean that banks would charge the depositor for holding his deposits rather than paying interest on them. Runs on the banks would no doubt follow, but the pundits have a solution for that: move to a cashless society, in which all money would be electronic. “This would make it impossible to hoard cash outside the bank,” wrote Danny Vinik in Business Insider, “allowing the Fed to cut interest rates to below zero, spurring people to spend more.”
  • Business Week quotes Douglas Holtz-Eakin, a former director of the Congressional Budget Office: “We’ve had four years of extraordinarily loose monetary policy without satisfactory results, and the only thing they come up with is we need more?” Paul Craig Roberts, former Assistant Secretary of the Treasury, calls the idea “harebrained.” He is equally skeptical of quantitative easing, the Fed’s other tool for stimulating the economy. Roberts points to Andrew Huszar’s explosive November 11th Wall Street Journal article titled “Confessions of a Quantitative Easer,” in which Huszar says that QE was always intended to serve Wall Street, not Main Street.  Huszar’s assignment at the Fed was to manage the purchase of $1.25 trillion in mortgages with dollars created on a computer screen. He says he resigned when he realized that the real purpose of the policy was to drive up the prices of the banks’ holdings of debt instruments, to provide the banks with trillions of dollars at zero cost with which to lend and speculate, and to provide the banks with “fat commissions from brokering most of the Fed’s QE transactions.”
  • Bernanke created debt-free money and bought government debt with it, returning the interest to the Treasury. The result was interest-free credit, a good deal for the government. But the problem, says Lounsbury, is that: The helicopters dropped all the money into a hole in the ground (excess reserve accounts) and very little made its way into the economy.  It was essentially a rearrangement of the balance sheets of the creditor nation with little impact on the debtor nation. . . . The fatal flaw of QE is that it delivers money to the accounts of the creditors and does nothing for the accounts of the debtors. Bad debts remain unserviced and the debt crisis continues.
  • ...2 more annotations...
  • Bernanke delivered the money to the creditors because that was all the Federal Reserve Act allowed. If the Fed is to fulfill its mandate, it clearly needs more tools; and that means amending the Act.  Harvard professor Ken Rogoff, who spoke at the November 2013 IMF conference before Larry Summers, suggested several possibilities; and one was to broaden access to the central bank, allowing anyone to have an ATM at the Fed. Rajiv Sethi, Barnard/Columbia Professor of Economics, expanded on this idea in a blog titled “The Payments System and Monetary Transmission.” He suggested making the Federal Reserve the repository for all deposit banking. This would make deposit insurance unnecessary; it would eliminate the need to impose higher capital requirements; and it would allow the Fed to implement monetary policy by targeting debtor rather than creditor balance sheets. Instead of returning its profits to the Treasury, the Fed could do a helicopter drop directly into consumer bank accounts, stimulating demand in the consumer economy. John Lounsbury expanded further on these ideas. He wrote in Econintersect that they would open a pathway for investment banking and depository banking to be separated from each other, analogous to that under Glass-Steagall. Banks would no longer be too big to fail, since they could fail without destroying the general payment system of the economy. Lounsbury said the central bank could operate as a true public bank and repository for all federal banking transactions, and it could operate in the mode of a postal savings system for the general populace.
  • The Federal Reserve Act was drafted by bankers to create a banker’s bank that would serve their interests. It is their own private club, and its legal structure keeps all non-members out.  A century after the Fed’s creation, a sober look at its history leads to the conclusion that it is a privately controlled institution whose corporate owners use it to direct our entire economy for their own ends, without democratic influence or accountability.  Substantial changes are needed to transform the Fed, and these will only come with massive public pressure. Congress has the power to amend the Fed – just as it did in 1934, 1958 and 2010. For the central bank to satisfy its mandate to promote full employment and to become an institution that serves all the people, not just the 1%, the Fed needs fundamental reform.
  • Paul Merrell on 11 Dec 13
     
    In my view, the Fed is beyond salvage. It needs abolition, not a new role. The Constitution grants Congress the power to mint and coin money, not a group of rent-seeking banksters. 
Paul Merrell

Paul Craig Roberts:   Obamneycare Converts Health Care Into Profits    :   In... - 0 views

www.informationclearinghouse.info/article32801.htm

Auction 2012 Obamneycare death panels Obama Romney health care

shared by Paul Merrell on 21 Oct 12 - No Cached
  •  In the guest section there is a new contribution by Dr. Robert S. Dotson. He points out that Obamneycare is two versions of the same thing. A person has to be gullible and uninformed to believe the claims of Obama and Romney that their replacements for Medicare will save money and improve care. What the schemes do is convert public monies into private profits. The exploding costs described by Dr. Dotson and the rising profits for private corporations are paid for by reducing health care. For example, Betsy McCaughey, former lieutenant governor of New York, writing in Investors Business Daily reports that “On Oct. 1, the Obama administration started awarding bonus points to hospitals that spend the least on elderly patients.” The result will be fewer knee and hip replacements, angioplasty, bypass surgery, and cataract operations. These procedures transformed aging by allowing the elderly, who formerly languished in wheelchairs and nursing homes, to lead active lives.
  • This doesn’t mean that Romneycare is any better. Conservatives like to pretend that the private sector is always more efficient and less corrupt than the public sector, and that replacing Medicare with vouchers toward the purchase price of a private insurance company will lower costs and improve care.
  • Some conservatives seem to think that because private policies are involved that health care becomes funded. What Obamneycare does is to steal from Medicare in order to finance Medicaid and private insurance policies. Both plans raise costs, reduce care for the elderly, and divert tax dollars away from health care to private profits. Let’s examine the erroneous conservative belief that if health care is provided privately, without any government subsidies, it is funded, whereas Medicare is not funded.
  • ...3 more annotations...
  • Obamneycare takes decisions out of the hands of patients and health care providers. It reduces care for the elderly. It imposes intrusive controls and data collecting and reporting. As care providers witness care withheld and the elderly confined to wheelchairs and nursing homes and early graves, health care providers will have to become as hardened as workers in slaughter houses, or the system will implode. Already 59% of US doctors say that they prefer a single-payer national health care system to the corporate form of medicine that has turned them into wage slaves who have to ration the time they spend with patients and the amount of care that they prescribe. If Obama’s subsidies and Romney’s vouchers are not indexed to medical inflation, Obamneycare will provide diminishing care as the years go by. As jobs offshoring has stripped the country of middle class job growth, the incomes earned by waitresses, bartenders, hospital orderlies, and Walmart’s part-time workers will not cover shelter, food, transportation, and health care.
  • When Obama sold out his supporters to the insurance companies, Obama supporters lined up with the pretense that diverting Medicare money to private profits was an improvement over the current system. Obama supporters have now invested so much emotional capital in Obama’s assault on Medicare that they pretend there is some meaningful difference between Obamacare’s government subsidized private insurance policies and Romneycare’s government subsidized private medical insurance vouchers. While the two sides yell and scream at one another, the concrete hardens around the new common policy of shorter lives for the elderly and more profits for private corporations.
  • Although no one in either party can define the US mission in the seven countries in which the US is conducting military aggression, wars of choice that according to Joseph Stiglitz and Linda Bilmes have already cost US taxpayers $6 trillion in out of pocket and already incurred future costs, there is no discussion of halting the wars and diverting armaments industry profits to the health care of the US population. Thus, we are left with Dr. Dotson’s conclusion that Americans are governed for the benefit of corporate profits. Americans’ lives, health, incomes, careers, prospects, none of this matters. Only corporate profits.
  • Paul Merrell on 21 Oct 12
     
    Paul Craig Roberts hit the nail on the head once again, this time on the nation's health care system. 
Gary Edwards

Can Americans Escape the Deception? - 0 views

www.paulcraigroberts.org/...can-americans-escape-deception

Paul-Craig-Roberts

shared by Gary Edwards on 11 Jul 12 - No Cached
  • Gary Edwards on 11 Jul 12
     
    I've been reading Paul Craig Roberts since high school, when i used to clip his backpage columns in NewsWeek magazine. These days, you have to go to his blog to get the truth. But what a truth it is! Incredible, forceful but presented only as PCR can do. His wake up call to America is not about Republicans or Democrats. It's about our liberty and the all out assault our government, socialist and conservatives alike, has launched on the Constitution. Amerika! This is what it comes to. It's also why i'm a libertarian. Read it and weep. Excerpt is from the 9/11 section. excerpt: In a real investigation, the 9/11 evidence would not have been illegally destroyed, and the investigation would have been conducted by experts, not by government agencies assigned a cover-up and by political hacks. The NIST report is abject nonsense. It explains nothing. It is a fabricated computer simulation of a non-event. The co-chairmen and legal counsel of the 9/11 Commission later wrote books in which they stated that information was withheld from the commission, the military lied to the commission, and the commission "was set up to fail." Yet, these astounding admissions by the leaders of the 9/11 Commission had no impact on Congress, the presstitute media, or the public. All heads were in the sand. Please, whatever you do, don't make us emotional weaklings face the facts. More than one hundred firefighters, police, first responders, and building maintenance personnel report hearing and experiencing scores of explosions in the twin towers, including powerful explosions in the sub-basements prior to the collapse of the towers. Distinguished scientists, authors of many peer-reviewed scientific papers, report finding unreacted nano-thermite in the dust from the towers, tested it for its explosive and high-heat producing ability, and reported the unequivocal results. Seventeen hundred architects and engineers have testified in a petition to Congress that the th
  • Paul Merrell on 12 Jul 12
     
    For a detailed and fully referenced study of how 9-11 Commission Executive Director Philip Zelikow's conflict of interest and how he kept Commission members in the dark and sabotaged the Commission report, see http://tinyurl.com/6tdfc56
Paul Merrell

Virtual Economy's Phantom Job Gains Are Based on Statistical Fraud - 0 views

www.informationclearinghouse.info/article39017.htm

financial-collapse unemployment stats fraud

shared by Paul Merrell on 08 Jul 14 - No Cached
  • Washington can’t stop lying. Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality. In his analysis of the June Labor Data from the Bureau of Labor Statistics, John Williams (www.ShadowStats.com) wrote that the 288,000 June jobs and 6.1% unemployment rate are “far removed from common experience and underlying reality.” Payrolls were overstated by “massive, hidden shifts in seasonal adjustments,” and the Birth-Death model added the usual phantom jobs. Williams reports that “the seasonal factors are changed each and every month as part of the concurrent seasonal-adjustment process, which is tantamount to a fraud,” as the changes in the seasonal factors can inflate the jobs number. While the headline numbers always are on a new basis, the prior reporting is not revised so as to be consistent.
  • The monthly unemployment rates are not comparable, so one doesn’t know whether the official U.3 rate (the headline rate that the financial press reports) went up or down. Moreover, the rate does not count discouraged workers who, unable to find a job, cease looking. To be counted among the U.3 unemployed, the person must have actively looked for work during the four weeks prior to the survey. The U.3 rate automatically declines as people who have been unable to find jobs cease trying to find one and thereby cease to be counted as unemployed.
  • Since 1994 there has been no official measure than includes discouraged people who have not looked for a job for more than a year. Including all discouraged workers produces an unemployment rate that currently stands at 23.1%, almost four times the rate that the financial press reports. What you can take away from this is the opposite of what the presstitute media would have you believe. The measured rate of unemployment can decline simply because large numbers of the unemployed become discouraged workers, cease looking for work, and cease to be counted in the U.3 and U.6 measures of the unemployment rate.
  • Paul Merrell on 08 Jul 14
     
    Paul Craig Roberts dismantles the latest employment stats.
Paul Merrell

What Does Today's "Rate Hike" Mean? -- Paul Craig Roberts - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...e-hike-mean-paul-craig-roberts

banksters Fed rate-hike fraud

shared by Paul Merrell on 18 Dec 15 - No Cached
  • Paul Craig Roberts The Federal Reserve raised the interbank borrowing rate today by one quarter of one percent or 25 basis points. Readers are asking, “what does that mean?” It means that the Fed has had time to figure out that the effect of the small “rate hike” would essentially be zero. In other words, the small increase in the target rate from a range of 0 to 0.25% to 0.25 to 0.50% is insufficient to set off problems in the interest-rate derivatives market or to send stock and bond prices into decline.
  • However, the fact of the matter is that the available liquidity exceeded demand in the old rate range. The purpose of raising interest rates is to choke off credit demand, but there was no need to choke off credit demand when the demand for credit was only sufficient to keep the average rate in the midpoint of the old range. This “rate hike” is a fraud. It is only for the idiots in the financial media who have been going on about a rate hike forever and the need for the Fed to protect its credibility by raising interest rates.
  • Thus, the rate hike has the effect of making smaller banks pay higher interest expense to the mega-banks favored by the Federal Reserve. A different way of putting it is that the “rate hike” favors banks sitting on excess reserves over banks who are lending to businesses and consumers in their community. In other words, the rate hike just facilitates more looting by the One Percent.
Paul Merrell

The Money Changers Serenade: A New Bankers' Plot to Steal Your Deposits | Global Research - 0 views

www.globalresearch.ca/...5359018

banksters fraud electronic-currency Summers

shared by Paul Merrell on 25 Nov 13 - No Cached
  • Writing in the Wall Street Journal (“Confessions of a Quantitative Easer,” November 11, 2013), Andrew Huszar confirms my explanation to be the correct one. Huszar is the Federal Reserve official who implemented the policy of QE. He resigned when he realized that the real purposes of QE was to drive up the prices of the banks’ holdings of debt instruments, to provide the banks with trillions of dollars at zero cost with which to lend and speculate, and to provide the banks with “fat commissions from brokering most of the Fed’s QE transactions.” (See: www.paulcraigroberts.org) This vast con game remains unrecognized by Congress and the public. At the IMF Research Conference on November 8, 2013, former Treasury Secretary Larry Summers presented a plan to expand the con game. Summers says that it is not enough merely to give the banks interest free money. More should be done for the banks. Instead of being paid interest on their bank deposits, people should be penalized for keeping their money in banks instead of spending it. To sell this new rip-off scheme, Summers has conjured up an explanation based on the crude and discredited Keynesianism of the 1940s that explained the Great Depression as a problem caused by too much savings. Instead of spending their money, people hoarded it, thus causing aggregate demand and employment to fall.
  • Summers says that today the problem of too much saving has reappeared. The centerpiece of his argument is “the natural interest rate,” defined as the interest rate at which full employment is established by the equality of saving with investment. If people save more than investors invest, the saved money will not find its way back into the economy, and output and employment will fall. Summers notes that despite a zero real rate of interest, there is still substantial unemployment. In other words, not even a zero rate of interest can reduce saving to the level of investment, thus frustrating a full employment recovery. Summers concludes that the natural rate of interest has become negative and is stuck below zero. How to fix this? The way to fix it, Summers says, is to charge people for saving money. To avoid the charges, people would spend the money, thus reducing savings to the level of investment and restoring full employment. Summers acknowledges that the problem with his solution is that people would take their money out of banks and hoard it in cash holdings. In other words, the cash form of money provides consumers with a freedom to save that holds down consumption and prevents full employment. Summers has a fix for this: eliminate the freedom by imposing a cashless society where the only money is electronic. As electronic money cannot be hoarded except in bank deposits, penalties can be imposed that force unproductive savings into consumption.
  • for Summers, the plight of the consumer is not the problem. The problem is the profits of the banks. Summers has the solution, and the establishment, including Paul Krugman, is applauding it. Once the economy officially turns down again, watch out.
  • Paul Merrell on 25 Nov 13
     
    Paul Craig Roberts exposes Larry Summers formula for the banksters to grab money from everyone: eliminate all but electronic-currency and penalize savings. Not mentioned by Roberts, but much of the infrastructure for this is already in place. For example, late last year all recipients of Social Security and VA benefit checks were notified that after March 1, 2013, they would be in violation of the law if they continued to receive paper checks. They were required to enroll in approved electronic deposit programs, all of which are offered by banks. Until about two years ago, people could merely state in writing that they didn't want it and could continue receiving paper checks. But Congress closed that loophole.  (I remain out of compliance.) Debit card is now mandatory, although they have not yet enacted penalties for non-compliance.  So the banksters now get the "float" on virtually all federal SS and VA benefit payments until spent. That's as opposed to the prior Treasury Department drafts whose funds were not in the banking system.   More to the point, the web portal for the federal "Go Direct" program to sign up for direct deposit is in place and debugged. It wouldn't take much beyond a bigger data set to issue debit cards for everyone in the U.S. during a transition to a cashless economy.  The Constitution says gold and silver only for payment of debts; paper currency paved the way for financial abuse of the economy by banksters. Now Summers wants to do away with cash entirely in favor of digital currency with penalties for saving? My life savings must be surrendered to a bank so I can be penalized for saving? And of course moving to all-digital currency would give the spy agencies a much more detailed record of your purchases to work with. The location where you bought that last cup of coffee is instantly available to the NSA? Gimme a break!    
Paul Merrell

The Osama bin Laden Myth - 0 views

www.informationclearinghouse.info/article33163.htm

war & peace Obama Afghanistan 9_11 bin Laden myths

shared by Paul Merrell on 29 Nov 12 - No Cached
  • Paul Merrell on 29 Nov 12
     
    Paul Craig Roberts hits one out of the park again, deflating another part of the 9/11 official version. He's done a great job of lacing together the known discrepancies behind the charge of Obama bin Laden involvement in 9/11, contributing in addition a translation he commissioned of an interview of bin Laden 17 days after 9/11, in which  bin Laden unequivocally and involvement in the 9/11 attacks.  This contrasts with the later discredited bin Laden videos in which "bin Laden" takes credit for the attacks. These suffered from defects such as the pseudo-bin laden being much more stout and lacking his characteristic white spot on his beard. At the time of the interview, bin Laden was dying of kidney and heart disease and was on dialysis. Roberts provides links to press reports of bin Laden's death and funeral in mid-December, 2001. Which leads directly to the question of whether Obama's claims of bin Laden's assassination were anything more than an election stunt, quickly followed by the quiet news that 30 members of the same Navy SEAL team died in a helicopter crash in Afghanistan almost immediately thereafter.     
Paul Merrell

The Lies Grow More Audacious - 0 views

www.informationclearinghouse.info/article38726.htm

surveillance state NSA foreign-prosecution

shared by Paul Merrell on 07 Jun 14 - No Cached
  • Washington’s lies are so blatant and transparent that Washington is destroying its own credibility. Consider the NSA spying. Documents released by Snowden and Greenwald make it completely clear that Washington spies not only on government leaders and ordinary people but also on foreign businesses in order to advance US commercial and financial interests. That the US steals Chinese business secrets is not in doubt. So what does Washington do? Washington not only denies what the documents prove but turns the charge around and indicts five Chinese generals for spying on US corporations. The only purpose of these indictments hyped by the US attorney general is propaganda.The indictments are otherwise totally meaningless, not merely false. China is not about to turn over five Chinese generals to the liars in Washington. For the presstitute media the story is a way to move the NSA’s spying out of the spotlight. China is substituted for the NSA as the guilty party. Why doesn’t China, Brazil, Germany and every other country issue arrest warrants for NSA’s top officials, for Obama, and for the members of the congressional oversight committee? Why do other countries always allow Washington to control the explanation with propaganda first strikes?
  • Paul Merrell on 07 Jun 14
     
    Paul Craig Roberts hasn't caught up with the fact that a German prosectuor is doing just what Roberts suggests, finding that there is sufficient evidence to open a criminal investigation of NSA tapping Angela Merkel's cellphone. 
Paul Merrell

"Washington's Determination to Drive the World to War": Will Putin Realize That Russia ... - 0 views

www.globalresearch.ca/...5395050

war & peace Ukraine U.S.-foreign-policy Russia Europe economic sanctions

shared by Paul Merrell on 06 Aug 14 - No Cached
  • By Russia’s low key and unthreatening response to Washington’s aggression, thereby giving the West the mistaken signal that Russia is weak and fearful, the Russian government has encouraged Washington’s drive to war.
  • The amazing thing about Russia finding herself on the defensive about sanctions is that Russia, not Washington or the impotent EU, holds all the cards.  Putin can bring down the economies of Europe and throw all of Europe into political and economic chaos simply by turning off the energy supply. Putin would not have to turn off the energy supply for very long before Europe tells Washington good-bye and comes to terms with Russia. The longer Putin waits, the longer Europe has to prepare against Russia’s best weapon that can be used to peacefully resolve the conflict that Washington has orchestrated. Washington’s aggressive moves against Russia will not stop until Putin realizes that he, not Washington, holds the cards, and plays them. The world has had enough of Washington, its constant lies, its constant wars, and its bullying.  Putin would do well to spend a few hours with Belisarius, Justinian the Great’s great general.
  • “When I treat with my enemies,” Belisarius said, “I am more accustomed to give than to receive counsel; but I hold in one hand inevitable ruin, in the other peace and freedom.” That is precisely the position that Vladimir Putin is in with regard to Europe.  In one hand he holds the ruin of Europe.  In the other peace and freedom in the relations between Russia and Europe. He needs to call up the dumbshit European “leaders” and tell them. If Putin does not put his foot down hard and make clear to the Europeans what the stakes are, Washington will succeed in its determination to drive the world to war, and “exceptional and indispensable” Americans will die along with all the rest.
  • Paul Merrell on 06 Aug 14
     
    Paul Craig Roberts thinks he has spotted Europe's jugular vein in the sanctions war over Ukraine. I'll need some time to think about this. Roberts is correct on the location of the jugular vein. But how might the Empire of Chaos with its capitol in Washington, D.C. respond? We've got rabid neocons in control of the Dark State.
Paul Merrell

Judicial Watch Played Into The Government's Hands -- Americans Are Blinded By Agendas -... - 0 views

www.paulcraigroberts.org/...ands-americans-blinded-agendas

Roberts 9-11 bin-Laden-assassination

shared by Paul Merrell on 07 Apr 14 - No Cached
  • Disinformation succeeds because so many people and interest groups across the political spectrum find that it serves their agendas as well as the agenda of the government. Consider for example the explanation of 9/11 that blamed Muslim terrorists for the attack. This served the interests of the neoconservatives, the private armaments companies, the US military, the private security companies, government security agencies such as the CIA, the left-wing, the right-wing, the Israel Lobby, and the print and TV media. The official explanation gave the neoconservatives the “new Pearl Harbor” that they needed for their program of invasions of Middle Eastern countries. The private armaments companies could look forward to decades of high profits. Wars always bring the military rapid promotions and higher retirement benefits. Private manufacturers of security equipment and spyware enjoy a rising demand for their products and have grown fat from the products sold to the TSA and NSA. Homeland Security has vastly expanded the federal workforce and administrative positions. The left-wing has proof of “blowback” caused by US interference in the internal affairs of other countries. The right-wing has proof that America has enemies against whom defense at all costs is necessary. The Israel Lobby has the US to overthrow the regimes in the way of Israel’s territorial expansion. The media has the story of the century with which to boost ratings and curry the favor of government.
  • In other words, the government’s story cannot stand the light cast by the facts and independent experts, and the government’s false story must be protected by shutting down the truth-telling experts. The government, Sunstein argued, needs to either gain control over these experts or to shut them down. Just as many different collections of interest groups and people have stakes in the Obama regime’s story of the killing of Osama bin Laden by US Navy SEALS in Abbottabad, Pakistan. This story and its selling by an enthusiastic media guaranteed Obama’s reelection. It served the emotions of super patriots desperate for revenge who wear their gullibility on their sleeves. It served the myth of CIA and NSA prowess. It served the reputation of the killing power of US Special Forces teams. It proved that America won even though it lost the wars in Iraq and Afghanistan. All the trillions of dollars spent were worth it. We got revenge on the guy who did 9/11. No one remembered that the US government, unable to find bin Laden for 10 years, had settled on a different “9/11 mastermind,” Khalid Sheikh Mohammed, and had him water-boarded 183 times until he confessed to being responsible for 9/11. If Khalid Sheikh Mohammed “was responsible for the 9/11 operation from A to Z,” why were SEALS sent, illegally, into Pakistan to murder bin Laden? As the FBI says, there is no evidence that bin Laden is responsible for 9/11. That is why bin Laden was not wanted on that charge by the FBI, as the FBI publicly stated.
  • How was bin Laden, who was known in 2001 to be suffering from terminal illnesses, including renal failure, and whose death was widely reported in 2001 still alive ten years later to be murdered by SEALs? What sense does it make that the greatest terrorist leader of our time only had two unarmed women to protect him. What sense does it make that the US would murder the terrorist mastermind with all the plots in his head instead of capturing and questioning him? How can anyone be so gullible as to believe such a nonsense tale as told to them by Obama and the presstitute media? Is America really a nation of utter fools? Like the 9/11 story, the story of bin Laden’s murder is losing credibility with the US population. Pakistani National TV shot Obama’s story down with an eyewitness interview that reported that not one single person, dead body, or any piece of evidence left Abbottadad, because the only helicopter that landed blew up when it attempted to leave and there were no survivors. No other helicopters landed. So there was no dead bin Laden to be buried at sea (there are no known witnesses to the alleged burial) and no photographs of a dead bin Laden.
  • ...3 more annotations...
  • Judicial Watch has been trying to pry the (nonexistent) photos of a dead bin Laden from the government’s hands. For “national security reasons” the US government does not want anyone to see evidence that supports its far-fetched tale of bin Laden’s murder. The photographic evidence of a successful raid are off limits. They are like the alleged videos of the airliner hitting the Pentagon that we are not permitted to see for “national security reasons.” In other words, the photos and videos do not exist and never did. No government, not even the American one, would be so totally stupid as to withhold the evidence for its claims. The government, seeing its unbelievable stories lose believability at home and abroad used Judicial Watch’s lawsuit to boost the credibility of its story. Judicial Watch filed a Freedom of Information Act lawsuit for the photos that the Obama regime alleged to have of the murdered bin Laden but refused to release. Obviously, the government has no such photos and never had any such photos. But the government does not need evidence when it can rely on the gullibility of the American people.
  • As the government had no photos to release, the US government decided to use the opportunity presented by Judicial Watch to bolster its story that photos of bin Laden murdered and dead were once in its possession. The government released to Judicial Watch a document under the Freedom of Information Act that is an order from Special Operations Commander Admiral William McRaven to “destroy immediately” the photos of the dead bin Laden. Judicial Watch took the bait. Instead of realizing that there was no reason whatsoever for the government to destroy the only evidence that might support its claim to have murdered bin Laden, Judicial Watch focused on the illegality of destroying the evidence. Judicial Watch says that “Federal law contains broad prohibitions against the ‘concealment, removal, or mutilation generally’ of government records.” http://www.globalresearch.ca/top-pentagon-leader-ordered-destruction-of-bin-laden-death-photos/5368389 Judicial Watch played into the government’s hands. Judicial Watch president Tom Fitton was maneuvered by the government into defining the scandal as the destruction of evidence, “revealing both contempt for the rule of law and the American people’s right to know.” To the contrary, the real scandal is the massive lie that bin Laden was killed by a SEAL raid and the acceptance of this lie by the American people and Judicial Watch.
  • By damning the government for destroying evidence, Judicial Watch has given credibility to the government’s claim that SEALs murdered Osama bin Laden. The SEAL team credited with bin Laden’s murder was quickly eliminated when the team was loaded onto a 1960s vintage helicopter in Afghanistan. Apparently the team members were asking one another, “Were you on that mission that killed bin Laden?” Of course, no one was, and this information was too dangerous for the Obama regime.
  • Paul Merrell on 07 Apr 14
     
    Paul Craig Roberts goes on record as a 9-11 Truther and as a deep sceptic of Obama's claim that Seal Team 6 killed Osama bin Laden in 2011. 
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