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Joseph Skues

Peter and Lou Berryman on Vimeo - 0 views

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    • Joseph Skues
       
      "Solidarity Forever" When the union's inspiration through the workers' blood shall run, There can be no power greater anywhere beneath the sun; Yet what force on earth is weaker than the feeble strength of one, But the union makes us strong. CHORUS: Solidarity forever, Solidarity forever, Solidarity forever, For the union makes us strong. Is there aught we hold in common with the greedy parasite, Who would lash us into serfdom and would crush us with his might? Is there anything left to us but to organize and fight? For the union makes us strong. Chorus It is we who plowed the prairies; built the cities where they trade; Dug the mines and built the workshops, endless miles of railroad laid; Now we stand outcast and starving midst the wonders we have made; But the union makes us strong. Chorus All the world that's owned by idle drones is ours and ours alone. We have laid the wide foundations; built it skyward stone by stone. It is ours, not to slave in, but to master and to own. While the union makes us strong. Chorus They have taken untold millions that they never toiled to earn, But without our brain and muscle not a single wheel can turn. We can break their haughty power, gain our freedom when we learn That the union makes us strong. Chorus In our hands is placed a power greater than their hoarded gold, Greater than the might of armies, magnified a thousand-fold. We can bring to birth a new world from the ashes of the old For the union makes us strong.
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    Solidarity Forever
Paul Merrell

Netanyahu: 'We need to control all of the territory for the foreseeable future' - 0 views

  • For the clearest distillation of Israeli political thinking there is no better place to start than at the top. Haaretz‘s Barak Ravid reports on Prime Minister Benjamin Netanyahu’s message to a meeting of the Knesset Foreign Affairs and Defense Committee: Prime Minister Benjamin Netanyahu said Monday that although he doesn’t want a binational state, “at this time we need to control all of the territory for the foreseeable future.” MKs who took part in the Knesset Foreign Affairs and Defense Committee meeting — where the prime minister spoke — told Haaretz that Netanyahu turned to the politicians and said, hinting at the anniversary of Yitzhak Rabin’s assassination: “These days, there is talk about what would happen if this or that person would have remained. It’s irrelevant; there are movements here of religion and Islam that have nothing to do with us.” Netanyahu then turned to opposition MKs and said: “You think there is a magic wand here, but I disagree. I’m asked if we will forever live by the sword — yes.” There you have it. Israel has every intention to control all of the territory from the Jordan River to the Mediterranean Sea even with the acknowledgement that this means it will “forever live by the sword,” meaning endless conflict and bloodshed.
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    "I'm asked if we will live forever by the sword --- yes." The apartheid state will continue forever. Wow!
Gary Edwards

Jim Kunstler's 2014 Forecast - Burning Down The House | Zero Hedge - 0 views

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    Incredible must read analysis. Take away: the world is going to go "medevil". It's the only way out of this mess. Since the zero hedge layout is so bad, i'm going to post as much of the article as Diigo will allow: Jim Kunstler's 2014 Forecast - Burning Down The House Submitted by Tyler Durden on 01/06/2014 19:36 -0500 Submitted by James H. Kunstler of Kunstler.com , Many of us in the Long Emergency crowd and like-minded brother-and-sisterhoods remain perplexed by the amazing stasis in our national life, despite the gathering tsunami of forces arrayed to rock our economy, our culture, and our politics. Nothing has yielded to these forces already in motion, so far. Nothing changes, nothing gives, yet. It's like being buried alive in Jell-O. It's embarrassing to appear so out-of-tune with the consensus, but we persevere like good soldiers in a just war. Paper and digital markets levitate, central banks pull out all the stops of their magical reality-tweaking machine to manipulate everything, accounting fraud pervades public and private enterprise, everything is mis-priced, all official statistics are lies of one kind or another, the regulating authorities sit on their hands, lost in raptures of online pornography (or dreams of future employment at Goldman Sachs), the news media sprinkles wishful-thinking propaganda about a mythical "recovery" and the "shale gas miracle" on a credulous public desperate to believe, the routine swindles of medicine get more cruel and blatant each month, a tiny cohort of financial vampire squids suck in all the nominal wealth of society, and everybody else is left whirling down the drain of posterity in a vortex of diminishing returns and scuttled expectations. Life in the USA is like living in a broken-down, cob-jobbed, vermin-infested house that needs to be gutted, disinfected, and rebuilt - with the hope that it might come out of the restoration process retaining the better qualities of our heritage.
Paul Merrell

40 Central Banks Are Betting This Will Be The Next Reserve Currency | Zero Hedge - 0 views

  • As we have discussed numerous times, nothing lasts forever - especially reserve currencies - no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring 'interest' or direct discussions in diversifying away from the US dollar... and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into 'other currencies' and "a great number of central banks are in the process of adding yuan to their portfolios." Perhaps most ominously, for king dollar, is the former-IMF manager's warning that "The Yuan may become a de facto reserve currency before it is fully convertible." The infamous chart that shows nothing lasts forever...
Gary Edwards

Stansberry's Investment Advisory - 0 views

    • Gary Edwards
       
      excerpt: THE FOLLOWING IS A FICTIONAL DRAMATIZATION OF A PRESS CONFERENCE BY PRESIDENT BARACK OBAMA, ADDRESSING THE AMERICAN PEOPLE, FROM THE EAST ROOM OF THE WHITE HOUSE Set in December 2012, this speech details what we believe The President might say on the day America's foreign creditors finally stop lending us money, and demand repayment for our country's debts. The largest debts EVER accumulated in the history of mankind. intro: Barack Obama Impersonator Records Shocking "Speech"  It may be fiction for now... But this eye-opening "speech," recently recorded by a Barack Obama impersonator, is sending shock waves through the financial community. It could forever change how you think about our country and your safety. 
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    Comment:  While researching the September 2008 financial collapse, a freind introduced me to Porter Stansberry (thanks Marux!).  I've been following Porter through the Daily Crux Report ever since, and, as extreme as his opinions appear, time and again he has proven to be drop dead right.  This latest presentation summarizes Porter's thinking and is buttressed with facts and quotes.  The first part of the presentation is a fictional press conference dated December 2012.  This about 15 minutes.  Porter then follows that with near 45 minutes of facts and quotes woven into a comprehensive summary of how we got into this mess and what the possible outcomes going forward.   The basics are simple enough: the combination of Government borrowing, spending, printing and regulating is killing the dollar.  Our currency is very special in that it's the world's reserve currency; a good fortune that has unfortunately resulted in our spending and borrowing way more than we produce.  On top of this dilemma, the financial crisis of 2008 resulted in the world's Banksters offloading their $Trillions of debt and losses onto the US Treasury; the taxpayers.  So now we have the taxpayers holding the debt of an out of control socialist government spending, borrowing, and regulating us into the dirt regulating.  And, these same taxpayers picking up all the losses of the World's most greedy and evil criminals - the Banksters.  At the center of it all is the Federal Reserve, a world Bankster cartel in control of our currency, and printing it out like there's no tomorrow.  Porter talks about that tomorrow, and what it might look like if we the people do not take back our government and our currency.   excerpt: THE FOLLOWING IS A FICTIONAL DRAMATIZATION OF A PRESS CONFERENCE BY PRESIDENT BARACK OBAMA, ADDRESSING THE AMERICAN PEOPLE, FROM THE EAST ROOM OF THE WHITE HOUSE Set in December 2012, this speech details what we believe The President might say on the day America's fore
Paul Merrell

Senate Foreign Relations Committee Approves ISIL AUMF and Sunset of 2001 AUMF | Just Se... - 0 views

  • On Thursday, the Senate Foreign Relations Committee approved a draft authorization for the use of military force (AUMF) against ISIL (full text) by a margin of 10-8 along party lines. The text also includes an amendment that would sunset the 2001 AUMF in three-years. Most of today’s news headlines will be focused on the authorization to fight ISIL—and we will have plenty of discussion about it at Just Security. But the sunset of the 2001 AUMF is highly significant in its own right – and it should be welcome news to a wide range of national security law experts across the political spectrum, as Jack Goldsmith, Steve Vladeck, and I discussed in an  Op-Ed in the Washington Post. (Indeed, a sunset of the 2001 AUMF is endorsed by the Principles for drafting an ISIL AUMF published at Just Security and a proposed AUMF published at Lawfare.)
  • The action on the 2001 sunset was a bit of a surprise because  Sen. Menendez’s draft ISIL AUMF did not originally include a provision to sunset the 2001 AUMF. Nor did Sen. Tim Kaine’s similar draft AUMF. Both Senators Menendez and Kaine, however, spoke strongly in favor of the amendment today (and I applaud them for that). The action on the 2001 AUMF is significant as a potential turning point in the armed conflict with Al Qaeda. In his National Defense University speech in May 2013, President Obama called for refining and eventually repealing the 2001 AUMF when conditions permit. He stated: “I look forward to engaging Congress and the American people in efforts to refine, and ultimately repeal, the [2001] AUMF’s mandate.” Placing a sunset on the 2001 AUMF has been a key plank in Harold Koh’s position, in testimony and in Just Security posts (here and here), outlining how the President can bring an eventual end to the “Forever War.” Another part of that roadmap includes disengaging from Afghanistan. It is notable that today’s decision on the 2001 sunset also comes on the heels of yesterday’s news of the closure of the detention facility at the Bagram Airfield in Afghanistan. At least these aspects of the armed conflict with Al Qaeda and the Taliban may be winding down or narrowing, albeit while the conflict with ISIL heats up.
  • Increase transparency. Neither Congress nor the American public has a clear idea whom the United States is fighting or where, especially when it comes to forces associated with al-Qaeda. Any new AUMF should require the president to identify the groups against which force is used, along with related details, regularly in a report to Congress and, unless strictly required by national security, the American people. The president should also share with Congress, and the public to the extent possible, the administration’s legal rationales for using force. Such transparency rules should also be imposed on the 2001 AUMF … Congress should also consider imposing these transparency requirements on uses of force against terrorists under the president’s Article II powers. 3) Geographic limits on ISIL AUMF Sen. Rand Paul proposed an amendment to limit the ISIL AUMF so that the authorization to use force does not apply “outside of the geographic boundaries of Iraq and Syria.” He explained that if ISIL moves some of its forces outside of Iraq and Syria, the administration could return to Congress for additional authorities. That amendment was defeated in a separate vote. With a group of seven other national security law experts, I have supported geographic limits on an ISIL AUMF, but not as restrictive as the limits that Sen. Paul proposes. Our set of Principles recommend Congress to authorize force in Iraq and Syria as well as “any other locations from which ISIL forces actively plan and/or launch attacks against the United States or Iraq.” As Sen. Paul noted, a recent study found that 60 percent of congressional force authorizations have contained geographic limitations.
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  • Three points deserve special mention: 1) A caveat: “revise” not “repeal” Senators who spoke during the Committee’s meeting in favor of the amendment to sunset the 2001 AUMF did not describe the provision as an opportunity to repeal the AUMF but to “refine,” “reevaluate,” or reconsider it three years from now. 2. A missed opportunity for transparency? The ISIL AUMF includes a robust set of transparency and reporting requirements. This is good news. But, while we are in the business of applying such reporting requirements to the fight with ISIL, what’s the possible justification for not applying them to the fight with Al-Qaeda as well? As Jack Goldsmith, Steve Vladeck and I wrote in our Op-Ed (emphasis added):
  • Although Congress will likely not vote on today’s initiative before the end of the current term, there is no mistaking today’s historically significant moment with respect to both the limit on the 2001 AUMF and the authority to use force against ISIL more broadly. Today’s approval of the draft ISIL AUMF places an important marker for discussions in the 114th Congress.
Gary Edwards

» 21 Facts About NSA Snooping That Every American Should Know Alex Jones' Inf... - 0 views

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    NSA-PRISM-Echelon in a nutshell.  The list below is a short sample.  Each fact is documented, and well worth the time reading. "The following are 21 facts about NSA snooping that every American should know…" #1 According to CNET, the NSA told Congress during a recent classified briefing that it does not need court authorization to listen to domestic phone calls… #2 According to U.S. Representative Loretta Sanchez, members of Congress learned "significantly more than what is out in the media today" about NSA snooping during that classified briefing. #3 The content of all of our phone calls is being recorded and stored.  The following is a from a transcript of an exchange between Erin Burnett of CNN and former FBI counterterrorism agent Tim Clemente which took place just last month… #4 The chief technology officer at the CIA, Gus Hunt, made the following statement back in March… "We fundamentally try to collect everything and hang onto it forever." #5 During a Senate Judiciary Oversight Committee hearing in March 2011, FBI Director Robert Mueller admitted that the intelligence community has the ability to access emails "as they come in"… #6 Back in 2007, Director of National Intelligence Michael McConnell told Congress that the president has the "constitutional authority" to authorize domestic spying without warrants no matter when the law says. #7 The Director Of National Intelligence James Clapper recently told Congress that the NSA was not collecting any information about American citizens.  When the media confronted him about his lie, he explained that he "responded in what I thought was the most truthful, or least untruthful manner". #8 The Washington Post is reporting that the NSA has four primary data collection systems… MAINWAY, MARINA, METADATA, PRISM #9 The NSA knows pretty much everything that you are doing on the Internet.  The following is a short excerpt from a recent Yahoo article… #10 The NSA is suppose
Gary Edwards

Secrets and Lies of the Bailout | Politics News | Rolling Stone - 0 views

  • the ultimate bait-and-switch."
  • The White House and leaders of both parties actually agreed to this preposterous document, but it died in the House when 95 Democrats lined up against it.
    • Gary Edwards
       
      Huh?  Matt is one really hardcore Democrat.  The truth is that the first vote on TARP failed in the House 205-228, with one member not voting. House Democrats voted 140-95 in favor of the legislation, while Republicans voted 133-65 against it.  It's the 95 Democrats plus 133 Repubicans that defeated TARP I. The revised HR1424 was received from the Senate by the House, and on October 3, it voted 263-171 to enact the bill into law. Democrats voted 172 to 63 in favor of the legislation, while Republicans voted 108 to 91 against it; overall, 33 Democrats and 24 Republicans who had previously voted against the bill supported it on the second vote.[6][12]
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  • within days of passage, the Fed and the Treasury unilaterally decided to abandon the planned purchase of toxic assets in favor of direct injections of billions in cash into companies like Goldman and Citigroup. Overnight, Section 109 was unceremoniously ditched, and what was pitched as a bailout of both banks and homeowners instantly became a bank-only operation – marking the first in a long series of moves in which bailout officials either casually ignored or openly defied their own promises with regard to TARP.
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    Hat tip to the mighty Marbux for this find.  Matt Taibbi has been providing the best coverage of the 911 2008 financial collapse since the crisis hit.  This article sums up where we've been and where we are.  Simply put, we are trapped in a sea of lies, deception, and political corruption on such a massive scale that there is no one we can believe or trust.  Good read.  Great investigative journalism.  High-lites and notes left on page. excerpt: "It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you'd think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we've been told, but the money has all been paid back, and the government even made a profit. No harm, no foul - right? Wrong. It was all a lie - one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in - only temporarily, mind you - to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the
Paul Merrell

US And Germany Declare Golan Heights Not Part Of Israel - 0 views

  • U.S. State Department spokesperson John Kirby stressed Monday night that the Obama administration does not consider the Golan Heights to be part of Israel, one day after Prime Minister Benjamin Netanyahu vowed they “will forever remain under Israeli sovereignty.” “The U.S. position on the issue is unchanged,” Kirby told reporters during a daily briefing at the State Department in Washington. “This position was maintained by both Democratic and Republican administrations. Those territories are not part of Israel and the status of those territories should be determined through negotiations. The current situation in Syria does not allow this,” Kirby continued.
  • Republican presidential candidate Sen. Ted Cruz expressed support for Netanyahu’s comments on the Golan, saying that “the government of Israel reiterated the reality that the Golan Heights are part of Israel’s sovereign territory.” Cruz added that it’s “dangerous for the international community to try to pressure Israel to abandon the Golan to the chaos engulfing Syria.”
  • The U.S. is the second country after Germany to respond to Netanyahu’s declaration that the Golan, captured from Syria in the 1967 war and later annexed, “will forever remain under Israeli sovereignty.” “It’s a basic principle of international law and the UN charter that no state can claim the right to annex another state’s territory just like that,” Martin Schaefer, spokesman for the German Foreign Ministry, said Monday. Israel annexed the Golan in 198, in a move unanimously rejected the same year by the United Nations Security Council. Netanyahu’s declaration came as UN-sponsored international efforts are being made to obtain a political accord to end the civil war in Syria. Officials in the Prime Minister’s Office say that Syrian President Assad demanded that one principle upon which the international talks will be based is that the Golan Heights be considered occupied territory that must be returned to Syria. On Thursday, Netanyahu will fly to Moscow to meet with Russian President Vladimir Putin. Netanyahu’s senior aides say the prime minister plans to bring up this issue at their meeting and to stress the same message to Putin.
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    There's nothing to negotiate. The Golan is Syrian territory and Israel just needs to leave. Someone needs to give Sen. Cruz a clue that since the U.N. Charter was adopted and ratified by the U.S. it has been "the law of this land" (in the words of the Constitution) that nations cannot gain territory through invasion. The Age of Conquest is over. Israel has been ignoring a long series of U.N. Security Council Resolutions ordering it to get out of the Golan Heights (and Palestine). 
Paul Merrell

Obama's Lawyers: Let's Extend the 9/11 Wars Forever - The Daily Beast - 0 views

  • President Obama has said the United States’ combat mission in Afghanistan is over, and that the 13-year-long war there has come to an end. Top lawyers in his administration have a different message: Not so fast. Obama stated unconditionally in his State of the Union address in January that “our combat mission in Afghanistan is over.” But in a recent speech to the annual meeting of the American Society of International Law, an often-used venue for Obama administration officials to make extensive remarks on national security policy, the Defense Department’s general counsel seemed to reinterpret the president’s earlier statements. The lawyer appeared to walk back his more emphatic pronouncements about the end of America’s longest war.
  • “Although our presence in [Afghanistan] has been reduced and our mission there is more limited, the fact is that active hostilities continue,” Stephen Preston, the Pentagon’s top lawyer, said in a speech April 10. And, he added, “There is no doubt that we remain in a state of armed conflict against the Taliban, al Qaeda, and associated forces as a matter of international law.” Preston’s observations were supported by facts:
  • Justice Department lawyers are likely being put in the awkward position of having to argue against the president’s own statements. On Friday, U.S. attorneys filed a motion opposing an argument by an accused Taliban member held at Guantanamo Bay, Mukhtar al Warafi, that he should be released because Obama has said the war in Afghanistan is over, erasing any legal grounds to continue holding him. The government's response is classified. But legal experts told The Daily Beast that to counter Warafi’s claims, U.S. lawyers will almost certainly have to argue that despite what Obama has said, there is still a state of armed conflict against the Taliban, meaning the U.S. may continue to hold Warafi.
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  • For how long? While not commenting on Warafi’s case, Preston predicted that the conflict may outlast Obama’s time in office. “Active hostilities will continue in Afghanistan (and elsewhere) at least through 2015 and perhaps beyond,” he said. Warafi may have kicked off a trend. Lawyers working with other Guantanamo detainees told The Daily Beast that another man held on the island prison, Faiz Mohammed Ahmed Al Kandari, is also petitioning the government to release him, using the same argument as Warafi. The legal briefs in his case haven’t been made public and the government has yet to file its response.
Gary Edwards

A history of the Mortgage - Housing dilemma by Arnold Kling | EconLog | Library of Econ... - 0 views

  • Method A suffered a breakdown in the 1970's, because inflation was allowed to get out of control. The 6 percent mortgage interest rates that were commonly charged by savings and loans became untenable when inflation and interest rates soared to double-digit levels. The savings and loan industry went out of business. Whether Method B could survive a similar shock is unclear. The right lesson to learn from the 1970's was not that we should use Method B. The right lesson to learn is that we should not let inflation get out of hand.
    • Gary Edwards
       
      Government inflation (thank you Jimmy Carter) as the cause of the savings and loan collapse!
  • The secondary mortgage market began in 1968, when the United States formed the Government National Mortgage Association (GNMA). GNMA pooled loans originated under programs by the Federal Housing Administration (FHA) and the Veterans Administration (VA) and sold these pools to investors. The purpose of this, as with the quasi-privatization of the Federal National Mortgage Association (Fannie Mae) that took place that year, was to take Federally guaranteed mortgage loans off of the books. President Johnson, fighting an unpopular war in Vietnam, wanted to save himself the embarrassment of having to come to Congress to ask for larger and larger increases in the ceiling on the national debt. Thus, the first steps toward mortgage securitization were taken in order to disguise financial reality using accounting gimmicks. It has been the same ever since.
    • Gary Edwards
       
      There it is, in all it'snaked glory. The government created the secondary mortgage market, spinning up Fannie, Freddie and Ginnie for the purpose of taking federally subsidized and guaranteed mortgages off the the official government books. hence the quasi-gov orgs. It's an accounting gimmick!!!!
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    Excellent study of how we got into this problem that the socialist are now using to kill forever the American Dream: "..... Forty years ago, depository institutions handled mortgage credit risk very differently than they do today. Back then, the depository institution, which was typically a savings and loan association, held mortgages that were underwritten by its own employees, given to borrowers and backed by homes in its own community. These were almost always 30-year, fixed-rate loans, with borrowers having made a significant down payment, often 20 percent of the price of the home. Call this approach to mortgage lending "Method A." Today, mortgage loans held by depository institutions are often in the form of securities. These securities are backed by loans originated in distant communities by unknown borrowers, underwritten by mortgage brokers or other personnel not employed by the depository institution. The loans are often not 30-year fixed-rate loans, and the borrowers have typically made down payments of 5 percent or less, including loans with no down payment at all. Call this approach to mortgage lending "Method B." If you compare the two methods using common sense, then Method B does not pass a simple sanity check. In fact, the current financial crisis consists of banks that are up to their necks in Method B......"
Gary Edwards

States negotiating immunity for banks over foreclosures - 0 views

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    Thanks to Marbux.  Seems like nothing will stop the Banksters from seizing it all.  I think i've previously posted that when i was with Virtual Realty (VRi), we were forever trying to crack into the MERS electronic database.  Wow did the Banksters screw this one up.  Now only their corrupt sycophants in Congress and the Coursts can save them.  Not even the lap dog media will touch this. excerpt: A coalition of all 50 states' attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks. State and federal officials declined to say if any form of immunity from criminal prosecution also is under discussion. The banks involved in the talks are Bank of America, Wells Fargo, CitiGroup, JPMorgan Chase and Ally Financial. REUTERS REPORT PROMPTS LETTER Reuters reported Monday that major banks and other loan servicers have continued to file questionable documents in foreclosure cases. These include false mortgage assignments, and promissory notes with suspect or missing "endorsements," which prove ownership. The Reuters report also showed continued "robo-signing," in which lenders' employees or outside contractors churn out reams of documents without fully understanding their content. The report turned up several cases involving individuals who were publicly identified as robo-signers months ago. Reuters found that such activity has continued even after 14 major mortgage lenders signed settlements with federal bank regulators promising to halt such practices and give remediation to some homeowners who were harmed. In response to these disclosures, Sen. Robert Menendez (D-NJ), chairman of the Senate Subcommittee on Housing, Trans
Gary Edwards

A Government Failure, Not a Market Failure - WSJ.com - 0 views

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    Excerpt: After 2000, the national push toward home ownership intensified in three dimensions, leading to a doubling of housing prices in just five years' time. First, the Federal Reserve Board's interest-rate policy drove down the cost of borrowing money to unprecedented lows. Second, a common conviction arose that home ownership should be available even to those who, under prevailing conditions, could not afford it. Finally, private agencies charged with determining the risk and value of securities were exceptionally generous in their assessment of the financial products known as "derivatives" whose collateral resided in the value of thousands of mortgages bundled together. The rating agencies understated the risks from these bundled mortgages by assuming that home prices were simply going to rise forever. When the housing bubble burst in 2006, the damage to the financial system pushed the global economy into the worst contraction since the Great Depression. In the midst of the pain and suffering that have accompanied financial collapse and economic contraction-over $15 trillion in wealth has been lost by American households alone while, to date, more than 6 million job losses have boosted the unemployment rate to 9.4 percent-much of the blame has been placed on unregulated financial markets whose behavior is said to have revealed a terrible flaw in the foundation of capitalism itself. This was a market failure, we are told, and the promise of capitalism has always been that the self-correcting mechanisms built into the system would preclude the possibility of a systemic market failure. But the housing bubble only burst after government subsidies pushed house prices up so fast that marginal buyers could no longer afford to chase prices even higher. A bubble created by rigged financial markets and a government-sponsored obsession with home ownership is not a result of market failure, but rather, a result of bad public policy. The belief that home ownership,
Paul Merrell

The Forever War on Creators.com - 0 views

  • The strategy that President Obama laid out Wednesday night to "degrade and ultimately destroy the terrorist group known as ISIL," is incoherent, inconsistent and, ultimately, non-credible. A year ago, Obama and John Kerry were straining at the leash to launch air strikes on Syrian President Bashar Assad for his alleged use of chemical weapons in "killing his own people." But when Americans rose as one to demand that we stay out of Syria, Obama hastily erased his "red line" and announced a new policy of not getting involved in "somebody else's civil war." Now, after videos of the beheadings of two U.S. journalists have set the nation on fire, the president, reading the polls, has flipped again. Now Obama wants to lead the West and the Arab world straight into Syria's civil war. Only this time we bomb ISIL, not Assad.
  • Who will provide the legions Obama will deploy to crush ISIL in Syria? The Free Syrian Army, the same rebels who have been routed again and again and whose chances of ousting Assad were derided by Obama himself in August as a "fantasy"? The FSA, the president mocked, is a force of "former doctors, farmers, pharmacists and so forth." Now Obama wants Congress to appropriate $500 million to train and arm those doctors and pharmacists and send them into battle against an army of jihadist terrorists who just bit off one-third of Iraq. Before Congress votes a dime, it should get some answers. Whom will this Free Syrian Army fight? ISIL alone? The al-Nusra Front? Hezbollah in Syria? Assad's army? How many years will it take to train, equip and build the FSA into a force that can crush both Assad and ISIL?
  • "Tell me how this thing ends," said Gen. David Petraeus on the road up to Baghdad in 2003. The president did not tell us how this new war ends. If Assad falls, do the Alawites and Christians survive? Does Syria disintegrate? Who will rule in Damascus? The United States spent seven years building an army to hold Iraq together. Yet when a few thousand ISIL fighters stormed in from Syria, that army broke and fled all the way to Baghdad. Even the Kurdish peshmerga broke and ran. What makes us think we can succeed in Syria where we failed in Iraq. If ISIL is our mortal enemy and Syria its sanctuary, there are two armies capable of crushing it together — the Syrian and Turkish armies. <a onClick="return adgo(5541,10783,this.href);" href="http://adserver.adtechus.com/adlink/3.0/5235/1297475/0/170/ADTECH;cookie=info;loc=300;key=key1+key2+key3+key4;grp=13579" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1297475/0/170/ADTECH;cookie=info;loc=300;key=key1+key2+key3+key4;grp=13579" border="0" width="300" height="250"></a> But Turkey, a NATO ally, was not even mentioned in Obama's speech. Why? Because the Turks have been allowing jihadists to cross into Syria, as they have long sought the fall of Assad.
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  • Now, with the Islamic State holding hostage 49 Turkish diplomats and their families in Mosul, Ankara is even more reluctant to intervene. Nor is there any indication Turkey will let the United States use its air base at Incirlik to attack ISIS. In Iraq, too, thousands of ground troops will be needed to dig the Islamic State out of the Sunni cities and towns. Where will these soldiers come from? We are told the Iraqi army, Shia militia, Kurds and Sunni tribesmen will join forces to defeat and drive out the Islamic State. But these Shia militia were, not long ago, killing U.S. soldiers. And, like the Iraqi army, they are feared and hated in Sunni villages, which is why many Sunni welcomed ISIL. A number of NATO allies have indicated a willingness to join the U.S. in air strikes on the Islamic State in Iraq. None has offered to send troops. Similar responses have come from the Arab League.
  • But if this is truly a mortal threat, why the reluctance to send troops? Some of our Arab allies, like Saudi Arabia, Qatar and the Gulf Arabs, have reportedly been providing aid to ISIL in Syria. Why would they aid these terrorists? Because ISIL looked like the best bet to bring down Assad, whom many Sunni loathe as an Arab and Alawite ally of Iran in the heart of the "Shia Crescent" of Tehran, Baghdad, Damascus and Hezbollah. For many Sunni Arabs, the greater fear is of Shia hegemony in the Gulf and a new Persian empire in the Middle East. Among all the nations involved here, the least threatened is the United States. Our intelligence agencies, Obama, says, have discovered no evidence of any planned or imminent attack from ISIL. As the threat is not primarily ours, the urgency to go to war is not ours. And upon the basis of what we heard Wednesday night, either this war has not been thought through by the president, or he is inhibited from telling us the whole truth about what victory will look like and what destroying the Islamic State will require in blood, treasure and years.
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    Pat Buchanan wants to hear from Congress before Obama starts another war. 
Paul Merrell

Apartheid Forever: Israel's Netanyahu rules out Palestinian Citizenship Rights | Inform... - 0 views

  • Israeli Prime Minister Binyamin Netanyahu, under extreme pressure over the real possibility that he will lose the March 17 elections, has made a powerful appeal to his far right wing constituency by openly admitting that he will never allow a Palestinian state and that he intends to flood Israeli squatters into East Jerusalem and its environs to make sure this Occupied territory never returns to the Palestinians.Millions of Palestinians whose families were violently expelled from their homes by Jewish settlers in Mandate Palestine in 1947-48 remain stateless. These include the people of Gaza, the West Bank (four million) and a million or more in diasporas in Lebanon, Syria, and other countries. A million Palestinians are now citizens in Israel, and others have rights of citizenship in far-flung places like Chile and Honduras, as well as the United States. But I figure five million at least remain stateless.
  • Statelessness is rare in today’s world, a result of reforms initiated by the international community after the horrors of World War II and its preceding decades. Franco rendered many on the Spanish Left stateless after his victory in the Civil War in 1939 (not to mention massacring tens of thousands of them). The White Russians lost citizenship after their revolt against the Communists failed. The Nazis took citizenship rights away from Jews, Gypsies and others in Europe. In fact, the Holocaust was made practically possible in part by the denial of citizenship to Jews, which left them with no access to courts or other levers of social power that might have combated the monstrous Nazi plans for genocide. Millions were stateless in the 1930s and 1940s, and their lack of citizenship rights often exposed them to ethnic cleansing or loss of property and displacement.
  • The Palestinians are the last major stateless population. Stateless people do not have rights as most people understand the term. Their situation in some ways resembles slavery, since slaves also were denied the rights of citizenship. Stateless people’s property is insecure, since people with citizenship rights have better access to courts and to ruling authorities. Palestinians never really know what they own, and Israeli squatters routinely steal their property with impunity. Squatters dig tube wells deeper than those of the Palestinian villagers, lowering aquifers and causing Palestinian wells to dry up. Squatters go on wilding attacks, chopping down entire olive orchards (a prime source of Palestinian income) or beating up Palestinians. If Palestinians assemble peacefully to protest the loss of their farms to ever-expanding squatter settlements, the Israel army arrests them, including, often, children, who are taken away from their families and put in jail. Palestinians can be held for long periods without being charged. The prisoners are sometimes tortured.
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  • Netanyahu and the Israeli right-of-center say they want to keep Palestinians homeless and without citizenship rights in a state because they fear a Palestinian state will make claims on Israel and present a security challenge. Netanyahu said Sunday that if Israel relinquished the West Bank it would become a bastion of Muslim radicalism (but West Bankers are substantially more secular than the Jewish population of West Jerusalem).But in fact, Netanyahu and the right are dedicated to Greater Israel, to annexing the West Bank territory and finding a way to expel the Palestinians from it. The Palestinians are not a security challenge– they are like the guard at a bank getting in the way of bank robbers. The bank robbers feel a need to knock him out or kill him, remove him from the scene.
  • ut it is shameful to have Israel preside over 4 million stateless people forever. This is Apartheid. And Netanyahu has just made Apartheid the official policy of Israel, just as South African leader P.W. Botha dedicated himself to making black South Africans stateless and without the rights of citizenship. The only fig leaf Israel had for its Apartheid was the farce of the “peace process” and a pro forma ritual invocation of a “future Palestinian state.” Now Netanyahu has ripped off the fig leaf and stands naked before the world. Botha was called by his victims the “Great Crocodile.” It would be better epithet for Netanyahu than “Bibi.”
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    Under article 15 of the 1948 Universal Declaration of Human Rights, a treaty that Israel ratified: "(1) Everyone has the right to a nationality. "(2) No one shall be arbitrarily deprived of his nationality nor denied the right to change his nationality."  
Gary Edwards

100th Anniversary of the Beginning of the End? (Part 1) - The Patriot Post - 1 views

  • I take the Oath of John Galt and put action to it: "I swear by my life and my love of it, that I will never live for the sake of another person, nor ask another to live their life for me."
  • In this dark day of the former republic, I stand in Resistance to the premier means of acquisition by the State, the Income Tax.
  • "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." (Ben Franklin)
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  • "A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." (John Adams)
  • "Our cause is noble; it is the cause of mankind!" (George Washington)
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    Excellent history of how America lost it's Constitutional Republic.  The author tags the first progressive (marxist/socialist) President, Woodrow Wilson, as the culprit.  In 1913 Wilson shoved through the 16th and 17th Amendments.  He also pushed through the midnight express known as the Federal Reserve.  And as if that was not enough damage, he pushed for the "League of Nations" - a precursor to the present day United Nations Globalist New World Order. Oh yeah, the first progressive president also jacked us into humanities first World War. Wilson was a Manchurian stooge for the Globalist Rothschild Banksters, and the USA Bankster contingent led by Rockefeller, Morgan and Carnegie.   Note that in the election of 1896, the Banksters banked the corporatist McKinley against the GOLD standard populist, William Jennings Bryan.  McKinley was assassinated in 1901, and his VP, Teddy Roosevelt, became President.  Roosevelt successfully went after the Robber Bankster Barons; Rockefeller, Carnegie and Morgan, passing the Sherman Anti Trust laws and bringing the criminal corporations to trial.  This set the stage for the Bankster coup in 1913, where, with the election of Wilson the Banksters ended the great Consttitutional Republic and ushered in a century of ever encroaching socialist tyranny. ........................... excerpt: "One hundred years ago, our federal government, under control of the progressive Woodrow Wilson, took actions that have since become a disaster for these United States. Looking back, these actions were the beginning of what could be the end of our Constitutional Republic. With progressives in control in 2013, similar actions are underway that could complete a sinister view by progressives then and now to "transform" us into something our Founders never intended, and most Americans through the years never wanted and still don't. In 1913 our Constitution was amended by the ratification of two amendments, the Sixteenth and Seventeenth, an
Paul Merrell

Tomgram: Mattea Kramer, Is the Pentagon Doomed -- To Be Flush Forever | TomDispatch - 0 views

  • Today, TomDispatch regular Mattea Kramer provides a third potential reason in her striking explanation of just how the Pentagon has been managing to avoid serious sequestration cuts.  It turns out that billions of dollars in extra funding are being salted away in a supplementary war-fighting budget that Congress grants the U.S. military, which is subject to neither cuts nor caps.  But here’s a potential problem: that budget relies on the existence of an Afghan War.  What if, after 2014, there isn’t even a residual American component to that war?  Not that the Pentagon wouldn't try to keep "war budget" funding alive, but it's clearly a harder, more embarrassing task without a war to fund. That's just one of the questions that emerges from Kramer’s clear-eyed look at what -- once you’ve read her piece -- can only be considered the Pentagon’s sequestration con game.  It’s a shocking tale largely because, while the budget figures are clear enough, you can’t read about them anywhere except here at TomDispatch. 
Paul Merrell

AIPAC, the Kremlin of U.S. Jewry - Opinion Israel News | Haaretz - 0 views

  • It’s the biggest convention of Israel-haters, attended yearly by some 15,000 representatives, and the damage, historically speaking, that it has done to Israel is perhaps graver than any done by Iran. The convention is held once a year, and time seems to stop. It’s always the same wheeler-dealers, the same kitsch, the same hollow applause, and the same standing ovation for every Israeli prime minister, no matter his policy. The world turns round and round, but this never changes. Even Israel changes, but not in their eyes. Here, Israel is worthy only of applause, blind and automatic applause, now and forever. Like at similar conventions held in Romania by Nicolae Ceausescu, all they do is praise the great leader. Welcome to Bucharest in Washington, to the Kremlin of American Jewry, behold the yearly AIPAC conference.
  • Bravo, AIPAC. Seek out the conservative right among American Jewry. But long ago, Israel should have said, “No, thanks.” Not every show of loud and pushy, even crazed support is a display of friendship. Sometimes caring and friendship mean criticism. But that is not in AIPAC’s playbook. The word is that the organization’s power is waning, but it doesn’t look that way on the ground. We see what happens to Congress members who dare to criticize Israel. AIPAC is still in the field with its army of lobbyists, and it is the second most effective lobby in Washington, after the gun lobby – and this should cause Israel to worry. Just like the gun lobby, the Israel lobby is not a good partner. It has affected U.S. policy in the past, as one of the factors that led to continued American support for the occupation, as well as Israeli violence and expansion.
  • If AIPAC wanted to show true friendship for Israel, it would have stopped cheering long ago and started whispering. Whisper in the prime minister’s ear, that something bad is happening to the state that AIPAC loves so much. Whisper that something bad is happening in America, too, that people are becoming fed up with Israel’s refusals. A false friend would give a drug addict more and more money, and the addict would thank him for it. A true friend would send him to rehab, and the addict would be angry. The occupation addict is in need of a true friend, one that would send her to rehab. AIPAC, and the United States along with it, has opted to be the false friend – and that’s as anti-Israel as it gets.
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    Wow. From an article in Haaretz, a major Israeli newspaper, written by "the conscience of Israeli journalism." A straightforward attack on AIPAC, the major Israel lobby in the U.S.
Paul Merrell

AT&T stores either five or twenty-six years of our data, not really sure which | Privac... - 0 views

  • In the age of nearly unlimited, cheap data storage, how long do the companies keep this private information about us, their customers? The details vary by company and by data type, ranging from no storage at all (AT&T says it doesn’t keep text messages) to seven years (the length of time AT&T keeps subscriber information, after you’ve canceled your service).  In its letter to Senator Markey, AT&T claims that it keeps call detail records (CDRs) for five years. These are the records the NSA and FBI routinely suck up with a FISC-authorized vacuum cleaner — records showing who we call and when, and how long our calls last. Five years is a long time. Just imagine how surprised you’d be to see the details of your former life — friends from another city, old jobs and acquaintances, your former lovers — if you were handed a social map created by mining your call detail records over a five year period. 
  • But I digress. No, the significance of this data isn’t what has me confused. I’m confused because according to a New York Times report from September 2013, AT&T pays employees to sit with Drug Enforcement Agency units, where the company provides drug warriors with access to “phone data from as far back as 1987.” According to the Times, this program “The Hemisphere Project”, “covers every call that passes through an AT&T switch — not just those made by AT&T customers — and includes calls dating back 26 years.”  Wait a second. Which is it, AT&T? Do you retain call detail records for five years, or forever? 
Paul Merrell

Edward Snowden : The Greatest Human Rights Challenge Of Our Time - 0 views

  • Six months ago, I stepped out from the shadows of the United States Government's National Security Agency to stand in front of a journalist's camera. I shared with the world evidence proving some governments are building a world-wide surveillance system to secretly track how we live, who we talk to, and what we say. I went in front of that camera with open eyes, knowing that the decision would cost me family and my home, and would risk my life. I was motivated by a belief that the citizens of the world deserve to understand the system in which they live. My greatest fear was that no one would listen to my warning. Never have I been so glad to have been so wrong.
  • There is a huge difference between legal programs, legitimate spying, legitimate law enforcement - where individuals are targeted based on a reasonable, individualized suspicion - and these programs of dragnet mass surveillance that put entire populations under an all-seeing eye and save copies forever. These programs were never about terrorism: they're about economic spying, social control, and diplomatic manipulation. They're about power.
  • Many Brazilian senators agree, and have asked for my assistance with their investigations of suspected crimes against Brazilian citizens. I have expressed my willingness to assist wherever appropriate and lawful, but unfortunately the United States government has worked very hard to limit my ability to do so -- going so far as to force down the Presidential Plane of Evo Morales to prevent me from traveling to Latin America! Until a country grants permanent political asylum, the US government will continue to interfere with my ability to speak. Six months ago, I revealed that the NSA wanted to listen to the whole world. Now, the whole world is listening back, and speaking out, too. And the NSA doesn't like what it's hearing. The culture of indiscriminate worldwide surveillance, exposed to public debates and real investigations on every continent, is collapsing.
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  • Only three weeks ago, Brazil led the United Nations Human Rights Committee to recognize for the first time in history that privacy does not stop where the digital network starts, and that the mass surveillance of innocents is a violation of human rights. The tide has turned, and we can finally see a future where we can enjoy security without sacrificing our privacy. Our rights cannot be limited by a secret organization, and American officials should never decide the freedoms of Brazilian citizens. Even the defenders of mass surveillance, those who may not be persuaded that our surveillance technologies have dangerously outpaced democratic controls, now agree that in democracies, surveillance of the public must be debated by the public.
  • My act of conscience began with a statement: "I don't want to live in a world where everything that I say, everything I do, everyone I talk to, every expression of creativity or love or friendship is recorded. That's not something I'm willing to support, it's not something I'm willing to build, and it's not something I'm willing to live under." Days later, I was told my government had made me stateless and wanted to imprison me. The price for my speech was my passport, but I would pay it again: I will not be the one to ignore criminality for the sake of political comfort. I would rather be without a state than without a voice. If Brazil hears only one thing from me, let it be this: when all of us band together against injustices and in defense of privacy and basic human rights, we can defend ourselves from even the most powerful systems.
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    Edward Snowden speaks to the people of Brazil with a message of hope. We'll see how it plays out. But for those of us in the U.S. or one of the other "5 eyes" nations, some words of particular importance: "These programs were never about terrorism: they're about economic spying, social control, and diplomatic manipulation. They're about power." 
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