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Paul Merrell

Torture Report Revives Rogue Image the CIA Has Sought to Erase - Bloomberg - 0 views

  • This week’s Senate report on the CIA’s use of harsh interrogation methods is neither the first nor the worst time the agency has run afoul of its congressional overseers. Four decades ago, a series of hearings on Capitol Hill helped reveal that the CIA-run Phoenix Program in South Vietnam, working in concert with the U.S. and South Vietnamese militaries, had “neutralized” -- killed, detained or recruited -- as many as 80,000 people suspected of being members of the Communist Vietcong and used gang rape, beatings and electric shock as well as waterboarding to interrogate prisoners. Then in 1975 and 1976, a Senate panel took a broader look into the dark side of the Central Intelligence Agency and found that the nation’s spies seemed to have few limits, with covert activities that included plotting to assassinate foreign leaders, domestic spying and LSD experiments on unwitting subjects.
  • The Church committee, the investigative panel named for Democratic chairman Frank Church of Idaho, published 14 reports on CIA activities, including efforts to kill leaders in Cuba, Chile, the Democratic Republic of the Congo, the Dominican Republic and Vietnam; a secret program to open Americans’ mail; and a mind-control program called MKULTRA
  • It led to creation of the current congressional intelligence committees to guard against CIA abuses and resulted in an executive order by Republican President Gerald Ford banning assassinations of foreign leaders.
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  • Nevertheless, the new findings are a blow to the agency Brennan leads. “The Senate intel report is right up there with the Church committee in the scathing criticism of the agency,” said Thomas Blanton, director of the National Security Archive at George Washington University in Washington.
  • Obama has defended CIA Director John Brennan, who this week said that the agency’s methods produced “intelligence that helped thwart attack plans, capture terrorists and save lives.” Brennan said the report was wrong to suggest the CIA “systematically and intentionally misled” Congress and the White House.
  • This image of the CIA supposedly having run amok and having done all this torture stuff on its own will stick with a large part of the American public,” said Paul Pillar, a former senior CIA analyst who had a 28-year career in the intelligence community. “The idea that the CIA has been lying to the president, lying to the Justice Department, lying to the Congress, and even lying to itself about how effective these programs were -- that’s the real show-stopper in the Senate intel report,” Blanton said. “That’s really the most remarkable piece of it.” The Church committee, despite the breadth of its review, “did not produce this kind of damning indictment using the CIA’s own words and own evidence,” Blanton said.
  • Pillar said the reaction to the CIA’s interrogation methods reflects a public mood change from the “fears and emotions” immediately after the Sept. 11 attacks. Similarly, Americans at first accepted the internment of Japanese-Americans after the attack on Pearl Harbor, a policy since considered a black mark in American history, he said. “The CIA is where the people who are on the bottom end of the political process happen to work, but this was a much bigger process where the bigger story was how the American mood, as expressed by the public and our political leaders, has changed significantly since the first year or two after 9/11, when there was much more willingness to compromise long-held values in the name of American security,” Pillar said.
  • In 1984, Senate Intelligence Committee chairman Barry Goldwater, an Arizona Republican, wrote an angry “Dear Bill” letter to CIA Director William Casey amid reports that the CIA was covertly involved in mining Nicaraguan harbors. “I’m pissed off,” Goldwater wrote, complaining that Casey had misled the committee on an action that amounted to an act of war. The panel’s Democratic vice chairman, Daniel Patrick Moynihan of New York, quit the committee as the “most emphatic way to protest” the Reagan administration’s failure to inform lawmakers.
Paul Merrell

Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time ... - 0 views

  • When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.
Paul Merrell

BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit - Bloomberg - 0 views

  • Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation. The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.
  • Three years after taxpayers rescued some of the biggest U.S. lenders, regulators are grappling with how to protect FDIC- insured bank accounts from risks generated by investment-banking operations. Bank of America, which got a $45 billion bailout during the financial crisis, had $1.04 trillion in deposits as of midyear, ranking it second among U.S. firms. “The concern is that there is always an enormous temptation to dump the losers on the insured institution,” said William Black, professor of economics and law at the University of Missouri-Kansas City and a former bank regulator. “We should have fairly tight restrictions on that.”
  • Moody’s Investors Service downgraded Bank of America’s long-term credit ratings Sept. 21, cutting both the holding company and the retail bank two notches apiece. The holding company fell to Baa1, the third-lowest investment-grade rank, from A2, while the retail bank declined to A2 from Aa3.
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  • The Moody’s downgrade spurred some of Merrill’s partners to ask that contracts be moved to the retail unit, which has a higher credit rating, according to people familiar with the transactions. Transferring derivatives also can help the parent company minimize the collateral it must post on contracts and the potential costs to terminate trades after Moody’s decision, said a person familiar with the matter. Bank of America estimated in an August regulatory filing that a two-level downgrade by all ratings companies would have required that it post $3.3 billion in additional collateral and termination payments, based on over-the-counter derivatives and other trading agreements as of June 30. The figure doesn’t include possible collateral payments due to “variable interest entities,” which the firm is evaluating, it said in the filing.
  • Derivatives are financial instruments used to hedge risks or for speculation. They’re derived from stocks, bonds, loans, currencies and commodities, or linked to specific events such as changes in the weather or interest rates. Dodd-Frank Rules Keeping such deals separate from FDIC-insured savings has been a cornerstone of U.S. regulation for decades, including last year’s Dodd-Frank overhaul of Wall Street regulation. The legislation gave the FDIC, which liquidates failing banks, expanded powers to dismantle large financial institutions in danger of failing. The agency can borrow from the Treasury Department to finance the biggest lenders’ operations to stem bank runs. It’s required to recoup taxpayer money used during the resolution process through fees on the largest firms.
  • Bank of America’s holding company -- the parent of both the retail bank and the Merrill Lynch securities unit -- held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades. That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.
  • Moving derivatives contracts between units of a bank holding company is limited under Section 23A of the Federal Reserve Act, which is designed to prevent a lender’s affiliates from benefiting from its federal subsidy and to protect the bank from excessive risk originating at the non-bank affiliate, said Saule T. Omarova, a law professor at the University of North Carolina at Chapel Hill School of Law. “Congress doesn’t want a bank’s FDIC insurance and access to the Fed discount window to somehow benefit an affiliate, so they created a firewall,” Omarova said. The discount window has been open to banks as the lender of last resort since 1914. As a general rule, as long as transactions involve high- quality assets and don’t exceed certain quantitative limitations, they should be allowed under the Federal Reserve Act, Omarova said.
  • In 2009, the Fed granted Section 23A exemptions to the banking arms of Ally Financial Inc., HSBC Holdings Plc, Fifth Third Bancorp, ING Groep NV, General Electric Co., Northern Trust Corp., CIT Group Inc., Morgan Stanley and Goldman Sachs Group Inc., among others, according to letters posted on the Fed’s website. The central bank terminated exemptions last year for retail-banking units of JPMorgan, Citigroup, Barclays Plc, Royal Bank of Scotland Plc and Deutsche Bank AG. The Fed also ended an exemption for Bank of America in March 2010 and in September of that year approved a new one. Section 23A “is among the most important tools that U.S. bank regulators have to protect the safety and soundness of U.S. banks,” Scott Alvarez, the Fed’s general counsel, told Congress in March 2008.
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    So according to Bloomberg, JPMorgan's commercial bank was the recipient of 99 percent of JPMorgan's $79 trillion (face value of derivatives) in bad bets. So adding JPMorgan's $78 trillion or so to the $75 trillion in bad bets Bank of America unloaded on its FDIC insured subsidiary, we arrive at $153 trillion in bad bets moved by two investment banks alone under the FDIC umbrella. Meanwhile, FDIC has authority under Dodd-Frank to liquidate these insolvent banks but doesn't, despite several successful lawsuits to recover the value of toxic derivatives that they sold to smaller banks that failed (which implies that FDIC could tell JPMorgan and BoA's investment banksters that they've got to pay off the toxic assets they transferred to their commercial banks, rather than diluting the insurance for normal depositors. Problem: the two big investment banks don't have sufficient assets to absorb those losses, so the too-politically-connected-to-fail factor kicks in. Note that I have not done any legal research in regard to these issues and am basing these observations on what has been stated about legal requirements in various media articles.
Paul Merrell

U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia - Bloomberg - 0 views

  • The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids. “The U.S. increase in supply is a very meaningful chunk of oil,” Francisco Blanch, the bank’s head of commodities research, said by phone from New York. “The shale boom is playing a key role in the U.S. recovery. If the U.S. didn’t have this energy supply, prices at the pump would be completely unaffordable.”
  • Oil extraction is soaring at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. The surge in supply combined with restrictions on exporting crude is curbing the price of West Texas Intermediate, America’s oil benchmark. The U.S., the world’s largest oil consumer, still imported an average of 7.5 million barrels a day of crude in April, according to the Department of Energy’s statistical arm.
  • “The shale production story is bigger than Iraqi production, but it hasn’t made the impact on prices you would expect,” said Blanch. “Typically such a large energy supply growth should bring prices lower, but in fact we’re not seeing that because the whole geopolitical situation outside the U.S. is dreadful.”
Paul Merrell

Saudi Arabia warns of shift away from U.S. over Syria, Iran | Reuters - 1 views

  • (Reuters) - Upset at President Barack Obama's policies on Iran and Syria, members of Saudi Arabia's ruling family are threatening a rift with the United States that could take the alliance between Washington and the kingdom to its lowest point in years. Saudi Arabia's intelligence chief is vowing that the kingdom will make a "major shift" in relations with the United States to protest perceived American inaction over Syria's civil war as well as recent U.S. overtures to Iran, a source close to Saudi policy said on Tuesday.Prince Bandar bin Sultan told European diplomats that the United States had failed to act effectively against Syrian President Bashar al-Assad and the Israeli-Palestinian conflict, was growing closer to Tehran, and had failed to back Saudi support for Bahrain when it crushed an anti-government revolt in 2011, the source said."The shift away from the U.S. is a major one," the source close to Saudi policy said. "Saudi doesn't want to find itself any longer in a situation where it is dependent."It was not immediately clear whether the reported statements by Prince Bandar, who was the Saudi ambassador to Washington for 22 years, had the full backing of King Abdullah.
  • Saudi Arabia's intelligence chief is vowing that the kingdom will make a "major shift" in relations with the United States to protest perceived American inaction over Syria's civil war as well as recent U.S. overtures to Iran, a source close to Saudi policy said on Tuesday.Prince Bandar bin Sultan told European diplomats that the United States had failed to act effectively against Syrian President Bashar al-Assad and the Israeli-Palestinian conflict, was growing closer to Tehran, and had failed to back Saudi support for Bahrain when it crushed an anti-government revolt in 2011, the source said."The shift away from the U.S. is a major one," the source close to Saudi policy said. "Saudi doesn't want to find itself any longer in a situation where it is dependent."It was not immediately clear whether the reported statements by Prince Bandar, who was the Saudi ambassador to Washington for 22 years, had the full backing of King Abdullah.The growing breach between the United States and Saudi Arabia was also on display in Washington, where another senior Saudi prince criticized Obama's Middle East policies, accusing him of "dithering" on Syria and Israeli-Palestinian peace.
  • In unusually blunt public remarks, Prince Turki al-Faisal called Obama's policies in Syria "lamentable" and ridiculed a U.S.-Russian deal to eliminate Assad's chemical weapons. He suggested it was a ruse to let Obama avoid military action in Syria."The current charade of international control over Bashar's chemical arsenal would be funny if it were not so blatantly perfidious. And designed not only to give Mr. Obama an opportunity to back down (from military strikes), but also to help Assad to butcher his people," said Prince Turki, a member of the Saudi royal family and former director of Saudi intelligence.The United States and Saudi Arabia have been allies since the kingdom was declared in 1932, giving Riyadh a powerful military protector and Washington secure oil supplies.The Saudi criticism came days after the 40th anniversary of the October 1973 Arab oil embargo imposed to punish the West for supporting Israel in the Yom Kippur war.That was one of the low points in U.S.-Saudi ties, which were also badly shaken by the September 11, 2001, attacks on the United States. Most of the 9/11 hijackers were Saudi nationals.
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  • Saudi Arabia gave a clear sign of its displeasure over Obama's foreign policy last week when it rejected a coveted two-year term on the U.N. Security Council in a display of anger over the failure of the international community to end the war in Syria and act on other Middle East issues.Prince Turki indicated that Saudi Arabia will not reverse that decision, which he said was a result of the Security Council's failure to stop Assad and implement its own decision on the Israeli-Palestinian conflict."There is nothing whimsical about the decision to forego membership of the Security Council. It is based on the ineffectual experience of that body," he said in a speech to the Washington-based National Council on U.S.-Arab Relations.
  • Prince Bandar is seen as a foreign policy hawk, especially on Iran. The Sunni Muslim kingdom's rivalry with Shi'ite Iran, an ally of Syria, has amplified sectarian tensions across the Middle East.A son of the late defense minister and crown prince, Prince Sultan, and a protégé of the late King Fahd, he fell from favor with King Abdullah after clashing on foreign policy in 2005.But he was called in from the cold last year with a mandate to bring down Assad, diplomats in the Gulf say. Over the past year, he has led Saudi efforts to bring arms and other aid to Syrian rebels."Prince Bandar told diplomats that he plans to limit interaction with the U.S.," the source close to Saudi policy said."This happens after the U.S. failed to take any effective action on Syria and Palestine. Relations with the U.S. have been deteriorating for a while, as Saudi feels that the U.S. is growing closer with Iran and the U.S. also failed to support Saudi during the Bahrain uprising," the source said.The source declined to provide more details of Bandar's talks with the diplomats, which took place in the past few days.
  • But he suggested that the planned change in ties between the energy superpower and the United States would have wide-ranging consequences, including on arms purchases and oil sales.Saudi Arabia, the world's biggest oil exporter, ploughs much of its earnings back into U.S. assets. Most of the Saudi central bank's net foreign assets of $690 billion are thought to be denominated in dollars, much of them in U.S. Treasury bonds."All options are on the table now, and for sure there will be some impact," the Saudi source said.He said there would be no further coordination with the United States over the war in Syria, where the Saudis have armed and financed rebel groups fighting Assad.The kingdom has informed the United States of its actions in Syria, and diplomats say it has respected U.S. requests not to supply the groups with advanced weaponry that the West fears could fall into the hands of al Qaeda-aligned groups.Saudi anger boiled over after Washington refrained from military strikes in response to a poison gas attack in Damascus in August when Assad agreed to give up his chemical weapons arsenal.
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    This lengthy article from Reuters deserves attention. The peace initiatives by Russia/Syria and by Iran are forcing realignment of foreign policies throughout the Mideast. The U.S. is no longer perceived as being on the side of only Sunni Muslim states. One of the most visible changes (after cancellation of the U.S. military strike on Syria) is a go-it-alone declaration by the House of Saud that parallels the stance taken by Israel's ruling right-wing coalition. Both Israel and the Saudis had very successfully isolated the U.S. from the non-Sunni Arab nations, fueling and deepening a religious divide within the Arab nations. It remains to be seen whether the declarations by the House of Saud and Bibi Netanyahu will translate into effective military action against Iran and Syria, although Saudi money and weapons will continue to flow into Syria for the foreseeable future. Both nations will continue attempts to undo the looming Iran-U.S. thaw in relations. Predictably, the Zionist/Neocon hawks in Congress are pushing legislation to put a big freeze back on the Iran-U.S. thaw in relations, including a bill to stiffen economic sanctions on Iran and authorize military strikes against Syria. But that legislation seems to be going nowhere; the mood of the U.S. population (and thus of those up for election next year) has shifted to profoundly anti-war, at least as applied to Syria and Iran. It would be ironic if Russia/Syria and Iran's peace initiatives actually resulted in a lasting U.S. shift away from the Zionist/Neocon strategy to destabilize all of Israel's neighboring states except Egypt, Lebanon, and Jordan (those three have already been destabilized and swept into Israel's influence). If so, Obama might yet leave a positive legacy.
Paul Merrell

Gates Foundation Sells Stake in U.K. Prison Operator G4S - Bloomberg - 0 views

  • The Gates Foundation Asset Trust, the entity that manages the investments for the $40.2 billion Bill & Melinda Gates Foundation, has liquidated its entire stake in G4S Plc (GFS), the world’s biggest security-services provider. “Like other large foundations, the foundation trust evaluates its holdings regularly, both for performance and fit,” John Pinette, a spokesman for the Gates family, said in a statement. “As a result of this, the foundation trust no longer holds an investment in G4S.” The Crawley, England-based company has attracted criticism for its contracts with the Israel prison system. The U.K.’s Guardian newspaper said in an editorial on June 4 that G4S should “end the corporation’s participation in Israel’s brutal occupation” in the West Bank. Since 2011, G4S has conducted a series of reviews in relation to its business in Israel, according to the company’s website. Its latest investigation concluded there was “no plausible case against G4S on the ground of alleged war crimes commited by Israel.”
  • The Gates Foundation Asset Trust, the entity that manages the investments for the $40.2 billion Bill & Melinda Gates Foundation, has liquidated its entire stake in G4S Plc (GFS), the world’s biggest security-services provider. “Like other large foundations, the foundation trust evaluates its holdings regularly, both for performance and fit,” John Pinette, a spokesman for the Gates family, said in a statement. “As a result of this, the foundation trust no longer holds an investment in G4S.” The Crawley, England-based company has attracted criticism for its contracts with the Israel prison system. The U.K.’s Guardian newspaper said in an editorial on June 4 that G4S should “end the corporation’s participation in Israel’s brutal occupation” in the West Bank. Since 2011, G4S has conducted a series of reviews in relation to its business in Israel, according to the company’s website. Its latest investigation concluded there was “no plausible case against G4S on the ground of alleged war crimes commited by Israel.”
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    A very high profile win for the Palestinian Boycott, Divestment, and Sanctions ("BSD") movement as the Gates Foundation divests.  Despite the bravado in this article, G4S announced today that it will not renew any of its contracts to provide security services not only in Palestine but also in Israel. http://electronicintifada.net/blogs/ali-abunimah/g4s-end-israel-prison-contracts-pressure-mounts-over-torture-complicity After the Gates Foundation announced its divestment, the UK government announced that it was launching an investigation of G4S activities in Israel.  The BSD movement, modeled on the BSD campaign that brought down the apartheid government of South Africa, has been racking up more and more wins lately, in each week.  BSD activists are in guarded optimism mode because, they say, G4S has previously lied about its plans in regard to Palestine. In addition to providing prison security services, G4S also operates a series of border checkpoints between Israel, Israel settlements in Palestine, and areas of Palestine still occupied by indigenous Palestinians, including checkpoints along the border of the largest open air prison in the world, the Gaza Strip. The BSD movement has also targeted American companies that profit from Israel's illegal occupation and colonization of Palestine, including Caterpillar Corp. The ultra-high profile divestment by the Gates Foundation just might have been a watershed moment that unleashes a torrent of related actions by other investors around the world.   
Gary Edwards

The Daily Bell - The Economist Hoists Its Battle Balloon? - 1 views

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    "The first world war... Look back with angst ... Thanks to its military, economic and soft power, America is still indispensable, particularly in dealing with threats like climate change and terror, which cross borders. But unless America behaves as a leader and the guarantor of the world order, it will be inviting regional powers to test their strength by bullying neighbouring countries. The chances are that none of the world's present dangers will lead to anything that compares to the horrors of 1914. Madness, whether motivated by race, religion or tribe, usually gives ground to rational self-interest. But when it triumphs, it leads to carnage, so to assume that reason will prevail is to be culpably complacent. That is the lesson of a century ago. - Economist Magazine Dominant Social Theme: Beware the coming wars ... Free-Market Analysis: You can't make this stuff up. The top men in the globalist community have been hard at work building wars and potential wars, and now it's time to let 'er rip. This is one dominant social theme we saw coming miles away. We've been writing about its imminence for years, and predicting war and more war as internationalists try to blunt the effect of the Internet Reformation. After the Gutenberg press blew up the Middle Ages and the Roman Catholic Church besides, the globalists of the era used economic chaos, war and the invention of copyright to fight back. We predicted they would use the same tools this time around and have no reason to revise our predictions thus far. The only thing we've consistently pointed out that has not yet been addressed is the inability of the top men to launch a full-out world war because that would involve nuclear weapons. And lacking a full-out war, we have questioned how successful the strategy can be. Obviously, the top elites see something we don't. Or perhaps they are willing to risk an all-out war anyway - as they retreat into reported fully-stocked, underground "cities." Here's more fro
Paul Merrell

Canadian Spies Collect Domestic Emails in Secret Security Sweep - The Intercept - 0 views

  • Canada’s electronic surveillance agency is covertly monitoring vast amounts of Canadians’ emails as part of a sweeping domestic cybersecurity operation, according to top-secret documents. The surveillance initiative, revealed Wednesday by CBC News in collaboration with The Intercept, is sifting through millions of emails sent to Canadian government agencies and departments, archiving details about them on a database for months or even years. The data mining operation is carried out by the Communications Security Establishment, or CSE, Canada’s equivalent of the National Security Agency. Its existence is disclosed in documents obtained by The Intercept from NSA whistleblower Edward Snowden. The emails are vacuumed up by the Canadian agency as part of its mandate to defend against hacking attacks and malware targeting government computers. It relies on a system codenamed PONY EXPRESS to analyze the messages in a bid to detect potential cyber threats.
  • Last year, CSE acknowledged it collected some private communications as part of cybersecurity efforts. But it refused to divulge the number of communications being stored or to explain for how long any intercepted messages would be retained. Now, the Snowden documents shine a light for the first time on the huge scope of the operation — exposing the controversial details the government withheld from the public. Under Canada’s criminal code, CSE is not allowed to eavesdrop on Canadians’ communications. But the agency can be granted special ministerial exemptions if its efforts are linked to protecting government infrastructure — a loophole that the Snowden documents show is being used to monitor the emails. The latest revelations will trigger concerns about how Canadians’ private correspondence with government employees are being archived by the spy agency and potentially shared with police or allied surveillance agencies overseas, such as the NSA. Members of the public routinely communicate with government employees when, for instance, filing tax returns, writing a letter to a member of parliament, applying for employment insurance benefits or submitting a passport application.
  • Chris Parsons, an internet security expert with the Toronto-based internet think tank Citizen Lab, told CBC News that “you should be able to communicate with your government without the fear that what you say … could come back to haunt you in unexpected ways.” Parsons said that there are legitimate cybersecurity purposes for the agency to keep tabs on communications with the government, but he added: “When we collect huge volumes, it’s not just used to track bad guys. It goes into data stores for years or months at a time and then it can be used at any point in the future.” In a top-secret CSE document on the security operation, dated from 2010, the agency says it “processes 400,000 emails per day” and admits that it is suffering from “information overload” because it is scooping up “too much data.” The document outlines how CSE built a system to handle a massive 400 terabytes of data from Internet networks each month — including Canadians’ emails — as part of the cyber operation. (A single terabyte of data can hold about a billion pages of text, or about 250,000 average-sized mp3 files.)
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  • The agency notes in the document that it is storing large amounts of “passively tapped network traffic” for “days to months,” encompassing the contents of emails, attachments and other online activity. It adds that it stores some kinds of metadata — data showing who has contacted whom and when, but not the content of the message — for “months to years.” The document says that CSE has “excellent access to full take data” as part of its cyber operations and is receiving policy support on “use of intercepted private communications.” The term “full take” is surveillance-agency jargon that refers to the bulk collection of both content and metadata from Internet traffic. Another top-secret document on the surveillance dated from 2010 suggests the agency may be obtaining at least some of the data by covertly mining it directly from Canadian Internet cables. CSE notes in the document that it is “processing emails off the wire.”
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    " CANADIAN SPIES COLLECT DOMESTIC EMAILS IN SECRET SECURITY SWEEP BY RYAN GALLAGHER AND GLENN GREENWALD @rj_gallagher@ggreenwald YESTERDAY AT 2:02 AM SHARE TWITTER FACEBOOK GOOGLE EMAIL PRINT POPULAR EXCLUSIVE: TSA ISSUES SECRET WARNING ON 'CATASTROPHIC' THREAT TO AVIATION CHICAGO'S "BLACK SITE" DETAINEES SPEAK OUT WHY DOES THE FBI HAVE TO MANUFACTURE ITS OWN PLOTS IF TERRORISM AND ISIS ARE SUCH GRAVE THREATS? NET NEUTRALITY IS HERE - THANKS TO AN UNPRECEDENTED GUERRILLA ACTIVISM CAMPAIGN HOW SPIES STOLE THE KEYS TO THE ENCRYPTION CASTLE Canada's electronic surveillance agency is covertly monitoring vast amounts of Canadians' emails as part of a sweeping domestic cybersecurity operation, according to top-secret documents. The surveillance initiative, revealed Wednesday by CBC News in collaboration with The Intercept, is sifting through millions of emails sent to Canadian government agencies and departments, archiving details about them on a database for months or even years. The data mining operation is carried out by the Communications Security Establishment, or CSE, Canada's equivalent of the National Security Agency. Its existence is disclosed in documents obtained by The Intercept from NSA whistleblower Edward Snowden. The emails are vacuumed up by the Canadian agency as part of its mandate to defend against hacking attacks and malware targeting government computers. It relies on a system codenamed PONY EXPRESS to analyze the messages in a bid to detect potential cyber threats. Last year, CSE acknowledged it collected some private communications as part of cybersecurity efforts. But it refused to divulge the number of communications being stored or to explain for how long any intercepted messages would be retained. Now, the Snowden documents shine a light for the first time on the huge scope of the operation - exposing the controversial details the government withheld from the public. Under Canada's criminal code, CSE is no
Gary Edwards

Newt Gingrich: 15 Things You Don't Know About Him - 1 views

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    Good article on Newt; covers the good, the bad, and the ugly.  Personally i don't trust Newt.  As former repubican senator Jim Talent of Missouri says, "He's not a reliable and trusted conservative leader".  Strangely, Talent supports Romney. And there is nothing conservative about Romney.   The one thing i do like about Newt is that he is a bomb thrower extraordinaire.  There isn't a Libertarian (moi), conservative, or Constitutional conservative anywhere that wouldn't love to see Newt in the ring with Obama, hammering his Marxist ass without mercy.  But i'm not so sure that that desire is enough to overcome the serious character flaws and self centered egotistical baggage Newt hauls around.  He proves time and again that he lacks the core values of a true conservative, including dedication to the upholding the Constitution and Rule of Law. Funny though that a valueless establishment repubican "we can manage big government more efficiently and make it work" guy like Romney is attacking Newt as not being a true conservative?  What does that make Romney?  At least Newt can point to the awesome Contract with America repubican take over of Congress - after 40 years in the wilderness. Even though Ron Paul has lost it on foreign policy, i continue to send money.  My switch from Reagan Constitutional Conservative to Libertarian has "nearly" everything to do with the 2008 financial collapse, and the years of research and study that followed.   I say "nearly" because i just couldn't pull the trigger until unexpectedly i found myself in a Bloomberg discussion questioning my support for Herman Cain.  Sadly, Herman supports the Federal Reserve, including full approval of both Greenspan and Bernacke policies that have destroyed the US dollar and enabled the Banksters to run off with over $29 Trillion of our money.  Of course, this is an indefensible and inexcusable position.  The Libertarian's in the discussion pointed out that the problems this country faces cann
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    disclosure: I met Cokie and Steve Roberts at an intimate house party in NH. Probably in 1991. Very nice people but they are full blown unionist-socialist-progressives iron bent on the European Socialism model. Not Constitutionalist in any way shape of form. Certainly not Constitutional Capitalist or free market types either.
Paul Merrell

Libya Coming Full Circle. When A Deemed "Conspiracy Theory" Becomes Reality | Global Re... - 0 views

  • In the duration of the “revolutionary frenzy” that categorized western media coverage of the Libyan Civil War in 2011, public audiences were captivated with both tales of rebels aspiring for “democracy” and with complimenting stories of unabated brutality by Gaddafi forces. Without any serious mainstream criticism, an imperialist mythology centered on the interventionist doctrine of the “Responsibility to Protect” was cemented in public consciousness with even usually non-mainstream and “anti-imperialist” figures such as Juan Cole deliberately misrepresenting the situation in Libya. In Cole’s perspective, no reference to armed militants from the start of the conflict or the role of extremism and western premeditation found its way into the narrative and he predicted a simplistic narrative where the overthrow of Gaddafi would lead the region into an era of unity, prosperity and freedom. Libya Today How is Libya today? If one denied the existence of hell, they need not look further than Libya to observe a case of hell on Earth. Libya as a functioning, cohesive state has virtually ceased to exist, having been replaced by a myriad of conflicting factions divided on tribal and religious lines. While mainstream media tends to obscure the identity of these factions and their connection to western imperialists, Eric Draitser in his analysis, “Benghazi, the CIA, and the War in Libya” shows the beyond the fractious infighting, both primary factions engaging in direct combat have been beneficiaries of the NATO imperialist powers in their systematic aggression against the Libyan state.
  • “Confirmed: U.S. Armed Al Qaeda to Topple Libya’s Gaddaffi” with a very astonishing admission by “top military officers, CIA insiders and think-tankers” confirming the obvious truth that “conspiracy theorists” have been saying since 2011. The US backed Al Qaeda in Libya and that the Benghazi attack was a byproduct of this. Washington’s Blog notes that in 2012, it documented that: The U.S. supported opposition which overthrew Libya’s Gadaffi was largely comprised of Al Qaeda terrorists. According to a 2007 report by West Point’s Combating Terrorism Center’s center, the Libyan city of Benghazi was one of Al Qaeda’s main headquarters – and bases for sending Al Qaeda fighters into Iraq – prior to the overthrow of Gaddafi: The Hindustan Times reported last year: “There is no question that al Qaeda’s Libyan franchise, Libyan Islamic Fighting Group, is a part of the opposition,” Bruce Riedel, former CIA officer and a leading expert on terrorism, told Hindustan Times. It has always been Qaddafi’s biggest enemy and its stronghold is Benghazi. Al Qaeda is now largely in control of Libya.  Indeed, Al Qaeda flags were flown over the Benghazi courthouse once Gaddafi was toppled. What was once deemed conspiracy theory became confirmed reality when the Daily Mail reported as Washington’s Blog subsequently pointed out:
  • A self-selected group of former top military officers, CIA insiders and think-tankers, declared Tuesday in Washington that a seven-month review of the deadly 2012 terrorist attack has determined that it could have been prevented – if the U.S. hadn’t been helping to arm al-Qaeda militias throughout Libya a year earlier. ‘The United States switched sides in the war on terror with what we did in Libya, knowingly facilitating the provision of weapons to known al-Qaeda militias and figures,’ Clare Lopez, a member of the commission and a former CIA officer, told MailOnline. She blamed the Obama administration for failing to stop half of a $1 billion United Arab Emirates arms shipment from reaching al-Qaeda-linked militants. ‘Remember, these weapons that came into Benghazi were permitted to enter by our armed forces who were blockading the approaches from air and sea,’ Lopez claimed. ‘They were permitted to come in. … [They] knew these weapons were coming in, and that was allowed.. ‘The intelligence community was part of that, the Department of State was part of that, and certainly that means that the top leadership of the United States, our national security leadership, and potentially Congress – if they were briefed on this – also knew about this.’
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  • ‘The White House and senior Congressional members,’ the group wrote in an interim report released Tuesday, ‘deliberately and knowingly pursued a policy that provided material support to terrorist organizations in order to topple a ruler [Muammar Gaddafi] who had been working closely with the West actively to suppress al-Qaeda.’ ‘Some look at it as treason,’ said Wayne Simmons, a former CIA officer who participated in the commission’s research. While Wayne Simmons’ characterization of such actions by the globalist, imperialist establishment in the United States as “treason” is correct in the sense that it was a clear violation of not only the Constitution, but the public interest of America, there is a rather disingenuous factor involved when some people, especially on the Neo-Con right, attempt to play the “treason card.”
  • Clearly the Neo-Con agenda has been coming full circle since the first Gulf War in the 1990s. The US “gun-walking” to jihadis in Syria from Libya, noted by the Washington Times and New York Times (albeit with partisan spin and distortion), was actually planned under Bush in 2007 as noted by Seymour Hersh in “The Redirection.” It has continued under Obama, influenced by Council on Foreign Relations figures throughout both administrations from Dick Cheney to Hillary Clinton. Consider the following points from “The Redirection”: To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has coöperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran. The U.S. has also taken part in clandestine operations aimed at Iran and its ally Syria. A by-product of these activities has been the bolstering of Sunni extremist groups that espouse a militant vision of Islam and are hostile to America and sympathetic to Al Qaeda.
  • To dispel critics’ notions that this is passive, uncontrollable, and indirect support, consider: [Saudi Arabia's] Bandar and other Saudis have assured the White House that “they will keep a very close eye on the religious fundamentalists. Their message to us was ‘We’ve created this movement, and we can control it.’ It’s not that we don’t want the Salafis to throw bombs; it’s who they throw them at—Hezbollah, Moqtada al-Sadr, Iran, and at the Syrians, if they continue to work with Hezbollah and Iran. Neo-Conservative writer Gary Gambill would ride on this wave of terrorist aggression and pen an article for the Neo-Con “Middle East Forum” titled “Two Cheers for Syrian Islamists.” As noted in the analysis of the piece by Tony Cartalucci titled “Globalist Rag Gives ‘Two Cheers’ for Terrorism”, one can see how terrorism is a useful piece of capital of globalist imperialism that is easy to hide in the sight of inattentive masses with easy ploys of political spin and plausible deniability.
  • Libyan terrorists are invading Syria. They have been doing so since the influx of jihadis began, enabled by outside powers. These are not simply rogue networks operating independently but rather include state-sponsorship, especially of NATO-member Turkey and NATO’s criminal proxy government in Tripoli, Libya. We are told by the media that the regime in Tripoli under the auspice of the National Transitional Council, and populated with puppets like Mustapha Abdul Jalil, is a moderate regime distinct from the “marginal Islamist forces.” However, even in mainstream accounts, one can note that these “official, moderate” groups are involved with funding terrorism themselves as many geopolitical analysts have noted. Tony Cartalucci notes that, “In November 2011, the Telegraph in their article, “Leading Libyan Islamist met Free Syrian Army opposition group,” would report”: Abdulhakim Belhadj, head of the Tripoli Military Council and the former leader of the Libyan Islamic Fighting Group, “met with Free Syrian Army leaders in Istanbul and on the border with Turkey,” said a military official working with Mr Belhadj. “Mustafa Abdul Jalil (the interim Libyan president) sent him there.”
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    Lots of documentation on the tawdry moves by the War Party in Libya and Benghazi, now blowing up in their faces. 
Paul Merrell

Beijing-Based IMF? Lagarde Ponders China Gaining on U.S. Economy - Bloomberg - 0 views

  • The International Monetary Fund’s headquarters may one day shift to Beijing from Washington, aligning with China’s growing influence in the world economy, the fund’s managing director said. Christine Lagarde, speaking late today in London, said IMF rules require the main office be located in the country that is the biggest shareholder, which the U.S. has been since the fund was formed 70 years ago.
  • The IMF founding members “decided that the institution would be headquartered in the country which had the biggest share of the quota, which chipped in the biggest amount and contributed most. And that is still today the United States,” she said in response to questions at the London School of Economics. “But the way things are going, I wouldn’t be surprised if one of these days the IMF was headquartered in Beijing for instance,” she said. “It would be the articles of the IMF that would dictate it.”
  • Lagarde said the IMF has a good relationship with China, the world’s second largest economy and she praised the government’s commitment to fighting corruption. She had less kind things to say about the U.S., which remains the “outlier” among Group of 20 countries to approve an overhaul of the ownership of the 188-member organization. The plan would give emerging markets more influence and would elevate China to the third-largest member nation. Lagarde said there is “frustration by countries like China, like Brazil, like India, with the lack of progress in reforming the IMF by adopting the quota reform that would give emerging-market economies a bigger voice, a bigger vote, a bigger share in the institution and I share that frustration immensely.”
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  • “The credibility of the institution, its relevance in the world in conducting the mission that it was assigned 70 years ago is highly correlated with its good representation of the membership,” she said. “We cannot have a good representation of the membership when China has a teeny tiny share of quota, share of voice when it has grown to where it has grown.”
Gary Edwards

The Storm After The Calm - 0 views

  • it is now clear that governments prevented a full-scale collapse of the financial system in 2008 by transforming toxic private debt into public debt.
  • But the rule ultimately had the terrifying result of obliging countries to borrow from private banks at market prices to guarantee their treasuries’ integrity.
  • This created powerful barriers to public investment, as government spending was siphoned into massive profits for banks and their shareholders.
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    excerpt:  Indeed, it is now clear that governments prevented a full-scale collapse of the financial system in 2008 by transforming toxic private debt into public debt. It worked then, but it cannot work now, in large part because it contributed to the new, looming crisis in financial markets brought on by countries' soaring public-debt burdens. We cannot blame today's emerging crisis solely on our current and recent governments' actions. For more than 20 years, the world's major capitalist economies have been led to borrow heavily and unabashedly, in large by a new rule, adopted worldwide beginning in the 1970's and 1980's, that tied monetary policy to targets for price growth. This dangerous idea - proposed in France by Jacques Rueff in 1958, adopted throughout Europe over the following two decades, and extended to the European Central Bank - was intended to limit the tendency of capitalist economies to aggravate inflation as soon as they hit full employment. But the rule ultimately had the terrifying result of obliging countries to borrow from private banks at market prices to guarantee their treasuries' integrity. This created powerful barriers to public investment, as government spending was siphoned into massive profits for banks and their shareholders.
Gary Edwards

Ron Paul Proposes Fiscal Reform Plan With Full Support of Rush Limbaugh - Daily Rush Li... - 0 views

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    Audio of one very incredible moment.  On the Monday Oct 17th, 2011 show, Rush Limbaugh declared his full support of the Ron Paul Fiscal Plan that includes $1 Trillion in budgetary spending cuts, bringing home the troops, and the full neutering of the EPA.
Paul Merrell

WASHINGTON: Not just torture: Senator says CIA stalling over bogus intelligence that le... - 0 views

  • CIA Director John Brennan, under fire over the Senate report on the CIA’s use of torture, is facing new heat over his role in what a senior lawmaker calls an apparent coverup involving bogus intelligence used by the George W. Bush administration to help justify the 2003 invasion of Iraq.Carl Levin, D-Mich., who’s ending 36 years in the Senate, plans to press Brennan one last time to fulfill a pledge to support the full declassification of a CIA cable debunking the claim that the leader of the 9/11 hijackers met with an Iraqi intelligence officer in the Czech capital of Prague just months before the attacks.“Director Brennan’s apparent refusal to do what he has committed to do – to ask the Czech government if it objects to release of the cable – now takes on the character of a continuing coverup,” Levin plans to tell the Senate on Thursday, according to a draft of his speech obtained by McClatchy.
  • At a Christian Science Monitor breakfast with reporters on Wednesday, Levin said he’s been told by Czech officials that “they have no objection” to the release of the cable.Levin also pointed out that the former chief of the Czech counterintelligence service, who was in the post at the time of the alleged meeting, published a memoir this year in which he asserted that the CIA pressured him to confirm the encounter and that U.S. officials pressured the Czech government when he couldn’t do so.“Without any regard to us, they used our intelligence information for propaganda press leaks. They wanted to mine certainty from unconfirmed suspicion and use it as an excuse for military action,” wrote Jiri Ruzek. “We were to play the role of useful idiot.”The CIA declined to comment. But a U.S. intelligence official said that Levin had been told that releasing the full cable couldn’t be done without damaging intelligence sources.
  • The March 13, 2003, cable was sent by CIA field officers in response to a request for more information on a single-source intelligence report of a meeting in a Prague park between Atta and al Ani. The cable warned that U.S. government officials shouldn’t cite the unverified report.Even so, Cheney continued to give the report credibility in media interviews, telling CNN in June 2004 that the truth of the report hadn’t been resolved.“Those statements were simply not true,” Levin said in the draft. “The vice president was recklessly disregarding the truth, and he did so in a way calculated to maintain support for the administration’s decision to go to war in Iraq.”During his February 2013 hearing to be confirmed as CIA director, Brennan was urged by Levin to ask the Czech government if it would object to the release of the cable. “Absolutely, Senator, I will,” Brennan replied.
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  • The alleged meeting between Mohammad Atta and Ahmad Samir al Ani was repeatedly cited by former Vice President Dick Cheney before and after the invasion to bolster the Bush administration’s assertion that Saddam was in cahoots with al Qaida and could pass Iraqi weapons of mass destruction – which didn’t exist – to the terrorist group.“The notion of such a meeting was a centerpiece of the administration’s campaign to create an impression in the public mind that Saddam was in league with the al Qaida terrorists who attacked us on 9/11,” Levin planned to tell the Senate, according to the speech draft.“Now why am I bringing up a CIA cable from more than a decade ago?” the draft said. “This is about giving the American people a full account of the march to war as new information becomes available. It is about trying to hold leaders who misled the public accountable.”
  • After receiving no response from Brennan, Levin earlier this year blocked the nomination of Caroline Krass to be the CIA general counsel. He agreed to lift his hold on Krass after receiving a March 13 letter from Brennan that summarized the cable, saying that it cast “serious doubt” that the alleged meeting occurred.Brennan added, “Investigative records subsequently placed Atta in the United States just before and after the date on which the single-source report said the meeting was to have occurred,” according to a copy of the letter obtained by McClatchy.Brennan declassified a single line from the cable that said, “There is not one USG (U.S. government counterterrorism) or FBI expert that . . . has said they have evidence or ‘know’ that (Atta) was indeed (in Prague). In fact, the analysis has been quite the opposite.”
  • In the draft of his remarks, Levin asserted that there was other “critically relevant information” in the cable that had been “denied to the public in order to protect those in the Bush White House who are responsible” for “playing games with intelligence.”“I believe decision-makers should have to face the full, unadulterated, unredacted truth about their decisions,” said Levin. “The American people should know the full story . . . as a warning to future leaders against the misuse of intelligence and the abuse of power.”
Paul Merrell

SSCI Wants Copies of Full Torture Report Returned - 0 views

  • There is a new sheriff in town. Is that the message that Senator Richard Burr, the new chair of the Senate Select Committee on Intelligence, is trying to send? Senator Burr reportedly wrote to President Obama last week to ask that all copies of the classified 6,700 page Committee report on CIA interrogation practices be returned immediately to the Committee. While the redacted summary of the report has been publicly released and is even something of a bestseller for the Government Printing Office as well as a commercial publisher, the full report has not been made public. And Senator Burr seems determined to keep it that way. Senator Burr’s letter was reported in C.I.A. Report Found Value of Brutal Interrogation Was Inflated by Mark Mazzetti, New York Times, January 20. (More: Washington Post, Huffington Post.) Senator Dianne Feinstein, who chaired the Committee while the report was produced, scorned the request for its return.
  • “I strongly disagree that the administration should relinquish copies of the full committee study, which contains far more detailed records than the public executive summary. Doing so would limit the ability to learn lessons from this sad chapter in America’s history and omit from the record two years of work, including changes made to the committee’s 2012 report following extensive discussion with the CIA,” she said in a statement. Among other things, the proposed return of the full report may be intended to prevent its potential future accessibility through the Freedom of Information Act, which does not apply to records in congressional custody. But if so, this seems short-sighted and probably futile, given that all of the evidentiary material on which the report is based originated in the executive branch anyway. Moreover, the Committee report has spawned an entire literature of agency evaluations and responses (such as the so-called Panetta Review). That literature belongs to the agencies, and sooner or later it should be subject to public disclosure regardless of the fate of the SSCI report.
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    Burying history, permanently. 
Gary Edwards

Pat Caddell: The Media Has Become A Threat To Democracy - 0 views

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    YouTube of the now famous speech by Pat Caddell, where he calls out big media.  Incredible!  There are two videos.  One is a short compilation, where Pat explains the media lies and distortions that have made them the enemy of the American people, and the other is the full speech.   "Pat Caddell, former political adviser to Jimmy Carter, gave a speech to the folks over at Accuracy in Media yesterday, and angrily called out the media for their lies and distortions.  This is a short compilation of his speech.  Below it is the full speech.  Worth.  Every.  Minute."
Gary Edwards

Is martial law the ultimate goal? - Tea Party Command Center - 0 views

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    "During President Obama's first term he laid the ground work. President Obama issued over 900 executive orders, many dealing with martial law. As the Supreme Court already opinioned when looking at President Lincolns use of martial law, "Martial law ... destroys every guarantee of the Constitution.". This means when martial law is declared we as Americans have no rights at all. During President Obama's first term he wrote Executive Orders granting the government the power to take over all communications media, electrical power, gas, petroleum, fuels and minerals. He also wrote an Executive Order where the government can take over all modes of transportation and control of the highways and sea ports. That means Obama can confiscate your horse, your donkeys, your bicycle or even your riding lawn mower. All forms of transportation. Executive orders signed by Obama also include railroads, inland water ways, public storage facilities, airports and airplanes including commercial planes can all be taken over by the government." Executive Orders have also been signed allowing the government to mobilize civilians into work brigades under government supervision. To take over all health education and welfare functions. To allow the Housing and Finance Authority to relocate and establish new locations for populations, AND grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute Industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President. An Executive order has also been signed which allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution of energy sources, wages, salaries, credit, and the flow of money in U.S. financial institutions in any undefined national emergency. It also provides that when the president declares a state of
Gary Edwards

A Finalized Path to Full, Socialized Medicine in America -- Thanks to Conservatives - F... - 0 views

  • the kind of “soft despotism” Tocqueville warned of in 1835, a “tyranny of the majority” unique to democracy itself, as it is to every other form of mob rule.
  • Hamiltonian Federalists, adamantly opposed democracy and vigorously defended a constitutionally-limited federal republic, because the first violated individual rights, while the latter protected them.
  • Jeffersonians opposed the new Constitution, condoned slavery, championed Rousseau’s “popular will,” and favored democracy; today their progeny can be found among the liberty-crushing Obama zombies.
    • Gary Edwards
       
      I din't agree with this statement!!  Jefferson fully supported the Madison Constitutional design.  If anything though, Jefferson was concerned about the sovereignty and power of the States as a limiting force on the Federal government.  This belief was excercized in 1798 when Jefferson and Madison took their opposition to the horrid  Adams-Federalist "Alien and Sediton Act" directly to the State legislatures.  Jefferson and Madison did not turn to to the federal Congress, that had passed the Act. they went straight to the States legislatures to marshal opposition and counter this first assault on  the Constitution and Bill of Rights (first andammendment).
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    Nice summary of the TB2 Roberts Obamacare/Tax supremecist court ruling.  Author Richard Salsman concludes that we now have a Totalitarian government under the rule of men; not the Constitutional Republic and Rule of Law the Founding Fathers left us.   excerpt: Once again American conservatives have struck a lethal blow against freedom, rights and capitalism. The U.S. Supreme Court's 5-4 ruling today, condoning every sordid feature of the 2700-page, rights-violating "ObamaCare" law, ensures that America will move still farther and faster down the path to full, socialized medicine, a path first paved in the 1960s, with Medicare and Medicaid. The lawless ruling was made possible by the vote of Chief Justice John Roberts, an appointee of "compassionate conservative" George W. Bush. With today's ruling the U.S. government can do virtually anything it wishes to its citizens - liberty and rights be damned, without limit. Officially in America we now have a totally arbitrary and limitless government. That is, we have a "total government." In short, we've got totalitarian government. As to how much further liberty we may lose in our lifetimes, it'll depend only on how arbitrary and vicious reigning rulers choose to be, or not. There's no real Rule of Law any more, only the Rule of Men - and these are mostly ignorant, reckless men.
Paul Merrell

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

  • 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.
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    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!    
Gary Edwards

WHO ARE THE REAL TRAITORS? - BlackListedNews.com - 1 views

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    I was going through my email, trying to clean things up, and hit on this post from a member of the Bay Area Patriots, Nina Ortega. Like many Tea Party patriots, Nina is a Libertarian. The letter itself though is stunning. Maybe the most heartfelt cry of an American patriot I have ever read. Using lots of Quotes, and some very colorful language, the author, Jim Quinn responds to the Edward Snowden controversy, arguing that this brave patriot's courgage is on a par with that of the founding fathers. And those accusing him are the real traitors. Great stuff. Take some time, and let it all out. intro: "There are weeks that change the course of human history. There are weeks when people must choose sides. There are weeks that expose the real American traitors. There is no middle ground in this debate. You are either on the side of freedom, liberty, truth, transparency and the U.S. Constitution or you are on the side of mindless obedience, oppression, deception, corruption and tyranny. A courageous young Millennial named Edward Snowden has risked his life and his future to expose the illegal, surreptitious surveillance programs being conducted by the United States government in clear violation of the 4th Amendment to the U.S. Constitution. The NSA, with the full knowledge of Barack Obama and Congress, has been covertly collecting phone and internet records on millions of Americans with the full cooperation of Verizon and other mega media/data corporations. Our owners have been using the U.S. Constitution to wipe their asses. The 4th Amendment to the U.S. Constitution is so unambiguous that any intelligent politician, bright journalist or fifth grader in Miss Sabatini's history class could interpret its meaning and intention. Our founding fathers believed in truth, clarity and simplicity. The traitorous sociopaths in control of our government today believe in obfuscation, ambiguity and complexity."
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