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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.
Joseph Skues

Jim Hightower | Republicans Give Government Back to Their Corporate Paymasters - 0 views

  • You see, the people he's giving the government back to are not tea partiers, but the rapacious corporate lobbyists who ran the Congress during the years when former Majority Leader Tom DeLay ran the show.
  • In recent years, he has formed unusually tight legislative, political and even social ties with a group of lobbyists for such giants as Citigroup, Coors, Goldman Sachs, Google and R.J. Reynolds.
  • Boehner had a private meeting with a flock of top corporate lobbyists to help shape "a new GOP agenda
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  • orget the tea party. No tea party operative is a Boehner insider
  • It's the corporate agenda that Republican leaders will be pushing, and to make sure that it stays on track, Boehner has hired a top corporate lobbyist to be his policy director
  • Also entering the Capitol for the swearing-in ceremonies was David Koch, the multibillionaire industrialist and laissez-faire extremist who bankrolled much of the tea party/GOP victory last fall. What symbolism! The members were taking office, but Koch and his corporate agenda were taking power.
  • Rep. Spencer Bachus of Alabama, the new chairman of the Wall Street oversight committee, declared that his role is to "serve the banks."
  • He sent letters to 150 corporate interests, asking them to tell him if Obama and his Democratic meanies have imposed any consumer, worker or environmental protections that should be undone.
  • big banks, for example, wailed that their ability to gouge customers with rip-off debit-card fees had been curtailed. There, there, Issa said soothingly, I'm here now. I'll make it all better for you.
  • The letters unleashed an outpouring of corporate whining
  • This is not just business as usual, it's business way more than usual.
Paul Merrell

'As an American I'm embarrassed and appalled': James Foley's mother hits out at Obama's... - 0 views

  • The mother of James Foley, the American journalist beheaded by ISIS, spoke tonight of her deep disappointment felt towards the Obama administration for their handling of his time as a prisoner of the terror group, saying, 'I really feel our country let Jim down.'On the 13th anniversary of 9/11 and the day after President Obama addressed the nation and finally offered a strategy to defeat ISIS, Diane Foley told CNN that 'as an American', she was 'embarrassed and appalled' at the efforts to rescue her son from captivity.Articulate and thoughtful throughout her interview, Mrs. Foley made the startling claim that US officials threatened her family with prosecution if they tried to raise a ransom for Foley, 40, and said 'Jim was sacrificed because of a lack of communication and prioritization.'And in a thinly veiled attack on Obama's new strategy to 'degrade and destroy' ISIS she said that meeting violence with more violence may not be the answer and said, 'bombing caused Jim's death.' 'Jim was killed in the most horrific way. He was sacrificed because of just a lack of coordination, lack of communication, lack of prioritization,' said Diane Foley. 'As a family, we had to find our way through this on our own.' 
  • Still grieving, Diane Foley also said US officials told her they would not exchange prisoners or carry out any military action to try and rescue her son.At times withering in her assessment of the Obama administration's co-ordination with her family, Mrs. Foley poured scorn on the Pentagon's claim they tried to rescue Foley on July 4, only to raid the wrong base.Speaking to CNN's Anderson Cooper, Mrs. Foley said her family knew where James Foley was being held on two separate occasions in Syria, and that each time he was there for months following his capture on Thanksgiving, 2012.
Gary Edwards

We Call a Top NSA Whistleblower … And Get the REAL SCOOP on Spying | Washingt... - 0 views

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    "NSA whistleblower Thomas Drake corroborated Klein's assertions, testifying that while the NSA is using Israeli-made NARUS hardware to "seize and save all personal electronic communications." ..................... I then asked the NSA veteran Binney if the government's claim that it is only spying on metadata - and not content - was correct. We have extensively documented that the government is likely recording content as well. (And the government has previously admitted to "accidentally" collecting more information on Americans than was legal, and then gagged the judges so they couldn't disclose the nature or extent of the violations.) Binney said that was not true; the government is gathering everything, including content. Binney explained - as he has many times before - that the government is storing everything, and creating a searchable database … to be used whenever it wants, for any purpose it wants (even just going after someone it doesn't like). ..................... Binney said that former FBI counter-terrorism agent Tim Clemente is correct when he says that no digital data is safe (Clemente says that all digital communications are being recorded). Both Verint and Narus were founded in Israel in the 1990s. *** Binney next confirmed the statement of the author of the Patriot Act - Congressman Jim Sensenbrenner - that the NSA spying programs violate the Patriot Act. After all, the Patriot Act is focused on spying on external threats … not on Americans. Binney asked rhetorically: "How can an American court [FISA or otherwise] tell telecoms to cough up all domestic data?!" Update: Binney sent the following clarifying email about content collection: It's clear to me that they are collecting most e-mail in full plus other text type data on the web. As for phone calls, I don't think they would record/transcribe the approximately 3 billion US-to-US calls every day. It's more likely that they are reco
Gary Edwards

Goggle Hires Obama's Campaign E-Team - America Conservative 2 Conservative - 0 views

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    Looks like Florian was right after all.  Google is a front for the big Media-Federalis-Bankster-Corporatist elites. excerpt: "The hand-in-hand nature of this White House and some of the nation's biggest corporations is seen in yet another incident as Barack Obama's 2012 campaign data team is now moving from team Obama to team Google. This week, Bloomberg reported that Obama's data mining team, used to such great effect during his 2012 re-election for president, has been hired nearly wholesale to go work for Google. This may not come as such a great surprise, however, as Google's Executive Chairman, Eric Schmidt, helped organize and run Obama's re-election e-team. Schmidt "helped recruit talent, choose technology, and coach the campaign manager, Jim Messina, on the finer points of leading a large organization," Bloomberg reports. Since he came onto the national political scene, Barack Obama has campaigned like a veritable David vs Goliath with evil corporations standing in for Goliath while Obama presents himself as David loading his sling shot to do battle. But the reality is not quite that cut and dried and Google has been a big recipient of Obama's largesse. The Washington Examiner's Tim Carney points out that the administration is filled with Googleites and that President Obama and Google have a long standing love affair. Remember Obama's No. 2 tech staffer at the White House was Google's former top lobbyist-who improperly worked with active Google lobbyists on pushing polic.... Obama appointed non-registered Google lobbyist and max-Obama donor Vint Cerf to a science advisory board. Then there was the time when Google chief Schmidt is reported to have told a Google staffer to make sure that the search engine did not connect his entries to his own political donations so that it was a bit harder to find out to whom he donated campaign cash."
Gary Edwards

NSA Spying On - and Blackmailing - Top Government Officials and Military Officers Alex ... - 1 views

  • During the raid, Binney attempted to report to FBI officials the crimes he had witnessed at NSA, in particular the NSA’s violation of the constitutional rights of all Americans.
  • Other NSA whistleblowers have also been subjected to armed raids and criminal prosecution.
  • Even the head of the CIA was targeted with extra-constitutional spying and driven out of office. 
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  • Indeed, Binney makes it very clear that the government will use information gained from its all-pervasive spying program to frame anyone it doesn’t like.
  • In a speech on March 21, second-term Obama gave us a big clue regarding his concept of leadership – one that is marked primarily by political risk-avoidance and a penchant for “leading from behind”:
  • “Speaking as a politician, I can promise you this: political leaders will not take risks if the people do not demand that they do. You must create the change that you want to see.”
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    A handful of NSA Whistleblowers continue to talk, pointing out that the NSA and CIA are using the global dragnet to BLACKMAIL the most powerful and influential people in the world.   That list would include Obama, Chief Justice John Roberts, General David Patraeus, members of the FiSA Court; so many people in fact that it would be easier to guess at the few who are not acting like they are being blackmailed.   Like Ted Cruz, Jim DeMint, and Ron Paul.  Right.  It's a very short list.  Oh wait, Senator DeMint resigned his position.  And so it goes. excerpt: "NSA whistleblower Russel Tice - a key source in the 2005 New York Times report that blew the lid off the Bush administration's use of warrantless wiretapping - told Peter B. Collins on Boiling Frogs Post (the website of FBI whistleblower Sibel Edmonds): Tice: Okay. They went after-and I know this because I had my hands literally on the paperwork for these sort of things-they went after high-ranking military officers; they went after members of Congress, both Senate and the House, especially on the intelligence committees and on the armed services committees and some of the-and judicial. But they went after other ones, too. They went after lawyers and law firms. All kinds of-heaps of lawyers and law firms. They went after judges. One of the judges is now sitting on the Supreme Courtthat I had his wiretap information in my hand. Two are former FISA court judges. They went after State Department officials. They went after people in theexecutive service that were part of the White House-their own people. They went after antiwar groups. They went after U.S. international-U.S. companies that that do international business, you know, business around the world. They went after U.S. banking firms and financial firms that do international business. They went after NGOs that-like the Red Cross, people like that that go overseas and do humanitarian work. They went after a few antiwar civi
Gary Edwards

Political Editors: Dick Morris Corrects the Record on Hillary Clinton - The Patriot Post - 0 views

  • Then Bill discusses Hillary’s legal career at the Rose Law firm. He doesn’t mention that she made partner when he was elected governor and was only hired when he got elected as attorney general. "He makes as if it was a public service job — it wasn’t. Her main job was to get state business, and she got tens-of-millions of dollars of state business, then hid her participation and the fees by taking an extra share of non-state business to compensate for the fees on state business that she brought in. Her other job was to call the state banking commissioner any time one of her banks got into trouble to get them off.
  • "Bill speaks at length how Hillary was a mother, juggling career and family, taking Chelsea to soccer games and stuff — that’s non-sense. Hillary was a mother but Chelsea in the Arkansas governor’s mansion had a staff of nannies and agents to drive her around and people to be with her, and Hillary didn’t have to bother with any of that. All of that was paid for by the state. "He says she became the warrior in chief over the family finances and that was true, and the result is she learned how to steal. "She accepted a $100,000 bribe from the poultry industry in return for Bill going easy on regulating them, despite new standards. Jim Blair, the poultry lobbyist, gave her $1,000 to invest in the Futures Market and lined up seven to eight other investors and their winnings were all deposited into Hillary’s account. She made $100,000 in a year and she was out. That essentially was a bribe.
  • ”[She did] a phony real-estate deal for Jim McDougal and the Madison Bank to deceive the federal regulators by pretending someone else was buying the property. She was called before a grand jury in 1995 about that but, conveniently, the billing records were lost, couldn’t be found and there wasn’t proof that she worked on it.
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  • “Bill talks about her work on the health care task force but doesn’t say the reason it didn’t pass was the task force was discredited because the meetings were all held in secret. A federal judge forced them open and fined the task force several hundred thousand dollars because of their secrecy. "He says that after the health care bill failed in 1994, Hillary went to work on adopting each piece of it piecemeal — mainly health insurance for children. "That is completely the opposite of the truth. The fact is when that bill failed, I called Hillary and I suggested that she support a proposal by Republican Bob Dole that we cover children, and she said, ‘We can’t just cover one part of this. You have to change everything or change nothing.’ Then in 1997 when I repeated that advice to Bill Clinton, we worked together to pass the Children’s Health Insurance Program. I found a lot of the money for that in the tobacco settlement that my friend Dick Scruggs was negotiating.
  • "Then Bill extols her record in the U.S. Senate. In fact, she did practically nothing. There were seven or eight bills that she introduced that passed; almost all of were symbolic — renaming a courthouse, congratulating a high school team on winning the championship. There was only one vaguely substantive bill, and that had a lot of co-sponsors of whom Hillary was just one.
  • "Then he goes to her record in the State Department and manages to tell that story without mentioning the word Benghazi, without mentioning her secret emails, without mentioning he was getting tens of millions — $220 million in speaking fees in return for favorable actions by the State Department.
  • "Also totally lacking in the speech was anything about the war on terror — terror is a word you don’t hear at the Democratic Convention. "Bill says that Hillary passed tough sanctions on Iran for their nuclear program. The opposite is true. "Every time a tough sanction bill was introduced by Senators Menendez or Kirk, Hillary would send Deputy Secretary Wendy Sherman to Capital Hill to testify against it and urge it not to pass, and it was over Hillary’s objections that those sanctions were put into place.
  • ”[Liberal columnist] Maureen Dowd called the speech by Bill Clinton “air brushed.” “It was a hell of a lot more than that — it was fiction. (Also see Morris’s comments after Clinton’s DNC acceptance speech. "It’s strategy and message will be interdicted by reality at every turn. … She basically has no message. … Her entire campaign is, ‘I’m a woman and I am running against Donald Trump. … She bean her speech by saying let’s compromise and work together. Is there any woman in the world less likely to compromise?”)
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    "Dick Morris is a nationally recognized political campaign adviser, analyst and author. He was the senior political adviser to Bill Clinton before and after his occupation of the White House. He was campaign manager of Clinton's 1996 re-election, and the architect of his successful "triangulation" rhetorical ruse. Clinton's communications director George Stephanopoulos said of Morris, "No single person had more power over [Bill Clinton]." This week, in a message entitled "What Bill Left Out, Morris corrected the record regarding Clinton's glowing remarks about Hillary Clinton, her personal attributes and professional achievements. Morris's insights into the Clintons are priceless. What follows is a transcript of Morris's comments: "Bill Clinton talked at length about Hillary's idealistic work in college and law school, but he omits that she was defending the Black Panthers who killed security guards; they were on trial in New Haven. She monitored the trial while she was in law school to find evidence that could be grounds for reversal in the event they were convicted. "That summer she went to work for the True-Haft (SP) law firm in CA, headed by True Haft who is the head of the CA Communist Party and that's when she got involved with Saul Alinsky, who became something of a mentor for the rest of her life. "Then Bill says that she went off to Massachusetts and he went to Arkansas, and eventually Hillary followed her heart to join him in Arkansas. He omits that she went to work for the Watergate Committee and was fired from that job for taking home evidence and hiding documents that they needed in the impeachment inquiry. Then she took the DC Bar exam and flunked it, she went to Arkansas because that is the only bar exam she could pass. "He talked about how in the 1970's she took all kinds of pro-bono cases to defend women and children. In her memoirs, she cites one which was a custody case and that's it. In fact, in 1975 she represen
Gary Edwards

'Clinton death list': 33 spine-tingling cases - 0 views

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    "(Editor's note: This list was originally published in August 2016 and has gone viral on the web. WND is running it again as American voters cast their ballots for the nation's next president on Election Day.) How many people do you personally know who have died mysteriously? How about in plane crashes or car wrecks? Bizarre suicides? People beaten to death or murdered in a hail of bullets? And what about violent freak accidents - like separate mountain biking and skiing collisions in Aspen, Colorado? Or barbells crushing a person's throat? Bill and Hillary Clinton attend a funeral Apparently, if you're Bill or Hillary Clinton, the answer to that question is at least 33 - and possibly many more. Talk-radio star Rush Limbaugh addressed the issue of the "Clinton body count" during an August show. "I swear, I could swear I saw these stories back in 1992, back in 1993, 1994," Limbaugh said. He cited a report from Rachel Alexander at Townhall.com titled, "Clinton body count or left-wing conspiracy? Three with ties to DNC mysteriously die." Limbaugh said he recalled Ted Koppel, then-anchor of ABC News' "Nightline," routinely having discussions on the issue following the July 20, 1993, death of White House Deputy Counsel Vince Foster. In fact, Limbaugh said, he appeared on Koppel's show. "One of the things I said was, 'Who knows what happened here? But let me ask you a question.' I said, 'Ted, how many people do you know in your life who've been murdered? Ted, how many people do you know in your life that have died under suspicious circumstances?' "Of course, the answer is zilch, zero, nada, none, very few," Limbaugh chuckled. "Ask the Clintons that question. And it's a significant number. It's a lot of people that they know who have died, who've been murdered. "And the same question here from Rachel Alexander. It's amazing the cycle that exists with the Clintons. [Citing Townhall]: 'What it
Gary Edwards

Seth Lipsky: The Gold Standard Goes Mainstream - WSJ.com - 0 views

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    Excellent discussion of where the Republican Party stands in relationship to the destruction of the dollar and new interest in linking the dollar to GOLD.  Good stuff.  Personally i'm in the Ron Paul camp, hook, line and sinker. excerpt: "In the ferment within today's Republican Party, the gold standard has become almost the centrist position. On the left would be those who favor a system of discretionary activism in which brilliant technocrats, such as Ben Bernanke at the Fed, use their judgment in setting interest rates. A bit to their right would be advocates of a rule, such as John Taylor's rule linking interest rates to various conditions, or one that requires the Fed to target the price of gold but stops short of defining the dollar in terms of specie. In the center would be advocates of a classical gold standard, in which a dollar is defined as a fixed amount of gold. These include, among others, Mr. Lehrman, James Grant of Grant's Interest Rate Observer, publisher Steve Forbes, economist Judy Shelton, and Sean Fieler of the American Principles Project. A bit further to the right would be partisans of the Austrian school of economics, including Rep. Paul. He advocates less for a gold standard than for an idea of Friedrich Hayek, the Nobel laureate who came to favor what he called the denationalization of money and a system centered on private coinage and currency that would compete with government-issued money. Further right are purists such as the radical constitutionalist Edwin Vieira Jr., who would simply price things in weights of gold or silver. A good bit of overlap exists among the camps, but Congress has come alive to all points on this spectrum. Rep. Kevin Brady, a Texas Republican who is vice chairman of the Joint Economic Committee, is seeking to pass the Sound Dollar Act, which would end the Fed's mandate to keep unemployment down, instead having the central bank focus only on stable prices. Rep. Paul is pressing the Free Competition in Curr
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.
Gary Edwards

The worst rise to the top - Mises Economic Blog - 0 views

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    Very interesting post from Douglas French concerning the repubican primaries and F.A. Hayek's "Road to Serfom" comments on modern politics. Fascinating stuff. Hayek argues that, in politics, "the worst rise to the top", and he outlines three reasons why: .... Choosing is the problem. Informed people are more "nuanced" - they have many divergent opinions and views. Uniformity however drives the group dynamics behind a democratic process. Uniformity of opinion rules, and the less informed a person is, the more uniform and drawn to larger groups they will be. The "lowest common denominator" rule rules the democratic process. Mobocracy at work. .... Those on top, pursuing the political leadership positions, must appeal to the masses and weave together the groups driven by the "lowest common denominator" rule. The docile and gullible "are ready to accept whatever values and ideology drummed into them". Advantage to big media, the socialist assemblage ruling public education, and public workers unions. ..... Third, political leaders "don't promote a positive agenda, but a negative one of hating an enemy and envy of the wealthy. To appeal to the masses, leaders preach an "us" against "them" program." The great unwashed and uninformed being guided and driven "by emotion and passion rather than critical thinking." Not sure i agree with any of this, much as i admire and recognize the importance of Hayek and his seminal, game changing "Road to Serfdom". One reason is that some of the most informed people i know are goose stepping socialist hell bent on ending individual liberty - as in "life, liberty and the pursuit of happiness", in exchange for Marxist social equality. Another reason i would disagree is that the salt of the earth "bitter clingers" Reagan Conservatives that rock the Tea Party movement are exactly what the establishment elites call the "uninformed masses". Not sure if that's what Hayek meant, but his viewpoint does look a
Paul Merrell

AIPAC's Annus Horribilis? by Jim Lobe -- Antiwar.com - 0 views

  • The year of 2014 is starting well for the American Israel Public Affairs Committee (AIPAC), the premier organization of this country’s Israel lobby. Not only has it been clearly and increasingly decisively defeated – at least for now and the immediate future – in its bid to persuade a filibuster-proof, let alone a veto-proof, super-majority of senators to approve the Kirk-Menendez “Wag the Dog” Act that was designed to torpedo the Nov. 24 “Joint Plan of Action” (JPA) between Iran and the P5+1. It has also drawn a spate of remarkably unfavorable publicity, a particularly damaging development for an organization that, as one of its former top honchos, Steve Rosen, once put it, like “a night flower, … thrives in the dark and dies in the sun.”
  • Consider first what happened with the Kirk-Menendez sanctions bill, named for the two biggest beneficiaries of “pro-Israel” PACs closely associated with AIPAC in the Congressional campaigns of 2010 and 2012, respectively. Introduced on the eve of the Christmas recess, the bill then had 26 co-sponsors, equally divided between Democrats and Republicans, giving it an attractive bipartisan cast – the kind of bipartisanship that AIPAC has long sought to maintain despite the group’s increasingly Likudist orientation and the growing disconnect within the Democratic Party between its strongly pro-Israel elected leadership and more skeptical base, especially its younger activists, both Jewish and gentile. By the second week of January, it had accumulated an additional 33 co-sponsors, bringing the total to 59 and theoretically well within striking distance of the magic 67 needed to override a presidential veto. At that point, however, its momentum stalled as a result of White House pressure (including warnings that a veto would indeed be cast); the alignment behind Obama of ten Senate Committee chairs, including Carl Levin of the Armed Services Committee and Dianne Feinstein of the Intelligence Committee; public denunciation of the bill by key members of the foreign policy elite; and a remarkably strong grassroots campaign by several reputable national religious, peace, and human-rights groups (including, not insignificantly, J Street and Americans for Peace Now), whose phone calls and emails to Senate offices opposing the bill outnumbered those in favor by a factor of ten or more.
  • The result: AIPAC and its supporters hit a brick wall at 59, unable even to muster the 60 needed to invoke cloture against a possible filibuster, let alone the 77 senators that AIPAC-friendly Congressional staff claimed at one point were either publicly or privately committed to vote for the bill if it reached the floor. By late this week, half a dozen of the 16 Democrats who had co-sponsored the bill were retreating from it as fast as their senatorial dignity would permit. And while none has yet disavowed their co-sponsorship, more than a handful now have (disingenuously, in my view) insisted that they either don’t believe that the bill should be voted on while negotiations are ongoing; that they had never intended to undercut the president’s negotiating authority; or, most originally, that they believed the mere introduction of the bill would provide additional leverage to Obama (Michael Bennet of Colorado) in the negotiations. Even the bill’s strongest proponents, such as Oklahoma’s Jim Inhofe, conceded, as he did to the National Journal after Obama repeated his veto threat in his State of the Union Address Tuesday: “The question is, is there support to override a veto on that? I say, ‘No.’” The Democratic retreat is particularly worrisome for AIPAC precisely because its claim to “bipartisanship” is looking increasingly dubious, a point underlined by Peter Beinart in a Haaretz op-ed this week that urged Obama to boycott this year’s AIPAC policy conference that will take place a mere five weeks from now. (This is the nightmare scenario for Rosen who noted in an interview with the JTA’s Ron Kampeas last week that the group’s failure to procure a high-level administration speaker for its annual conference “would be devastating to AIPAC’s image of bipartisanship.”) According to Beinart:
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  • Of course, none of this means that the battle over Iran policy is won, but it does suggest that AIPAC’s membership has some serious thinking to do about the group’s relationship to Democrats and to the broader Jewish community. Nor does it necessarily mean that we have finally reached a “tipping point” regarding the lobby’s hold over Congress and U.S. Middle East policy. But this is unquestionably a significant moment. (Rosenberg has a good analysis about AIPAC’s defeat out on HuffPo today that is well worth reading.)
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    There's more detail not quoted, but AIPAC (and the War Party) are indeed having a horrible year, already.  Perhaps worst of all for AIPAC, even mainstream media is now willing to discuss AIPAC's blunder. See e.g.,  http://www.huffingtonpost.com/mj-rosenberg/obama-state-of-the-union-iran_b_4702457.html ("AIPAC's hopes to override Obama's veto ended with a whimper, AIPAC's whimper.") When even mainstream pundits are willing to discuss AIPAC's blunder in public, that's a spotlight on an organism that can't stand the light. 
Paul Merrell

NSA chief Gen. Keith Alexander to retire in March, agency tells UPI - UPI.com - 0 views

  • (UPI) -- U.S. National Security Agency chief Gen. Keith Alexander, who has steadfastly defended NSA mass surveillance, plans to retire in five months, the agency said.Alexander, who will be 62 then, is expected to leave the main producer and manager of U.S. signals intelligence in March, NSA spokeswoman Vanee Vines said Wednesday in a statement to United Press International.Alexander, appointed to the NSA spot in 2005 by George W. Bush administration Defense Secretary Donald Rumsfeld, "served well beyond a normal rotation, having been 'extended' three times," Vines told UPI.
  • The four-star general is a career Army intelligence officer who is also chief of the Defense Department's Central Security Service and commander of the military's Cyber Command.After the disclosures by former NSA contractor Edward Snowden of mass NSA surveillance of U.S. citizens and foreign nationals, Alexander became the public face of Washington's secret collection of personal communications records in the name of national security.He has consistently defended the controversial practice, saying it has helped prevent dozens of "potential terrorist events" since the Sept. 11, 2001, attacks.Alexander's departure "has nothing to do with media leaks," Vines' statement to UPI said.
  • "The decision for his retirement was made prior" to the leaks, in an agreement made with Defense Secretary Chuck Hagel in March, she said.Snowden started leaking information to the press in May, with the first reports published in June."The process for selecting his successor is ongoing," Vines told UPI.
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  • Alexander's departure and potential successor are widely expected to prompt congressional debate over whether the huge NSA infrastructure built during Alexander's tenure will remain or be restricted.Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., has drafted legislation to eliminate the NSA's ability to systematically obtain Americans' calling records.Rep. Jim Sensenbrenner, R-Wis., co-author of the Patriot Act, whose secret interpretation is used to justify the mass metadata collection, is drafting a bill to cut back on domestic surveillance programs.
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    So the Obama Administration is looking for a new professional liar to head the NSA. 
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."
Gary Edwards

US Financial Meltdown or Is A Complete Financial Armageddon Coming? | Greg Hunter's USA... - 0 views

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    So, what's the government doing about the economy?  The Fed has set interest rates at near 0% for more than a year and a half.  The economy is not taking off.  According to a recent article from financial writer Jim Willie, who has a PhD in Statistics, "Never in US history has a recession struck after several extended months of emergency ultra-low interest rates. This will be the first such occurrence. The policy response from the USFed must therefore be limited. They cannot reduce the official interest rate, unless below 0% (which did happen briefly in Japan). The nation stands on the doorstep of hyper-inflation.  The only available tool within the USFed tool bag is Printing Pre$$ activity, pure monetization of both USTreasurys and USAgency Mortgage Bonds."  (For the complete Willie article click here.)   
Gary Edwards

White House Insider: Obama Hesitated - Panetta Issued Order to Kill Osama Bin Laden | S... - 0 views

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    Incredible excerpt: Q: You stated that President Obama was "overruled" by military/intelligence officials regarding the decision to send in military specialists into the Osama Bin Laden compound.  Was that accurate? A: I was told - in these exact terms, "we overruled him." (Obama)  I have since followed up and received further details on exactly what that meant, as well as the specifics of how Leon Panetta worked around the president's "persistent hesitation to act."  There appears NOT to have been an outright overruling of any specific position by President Obama, simply because there was no specific position from the president to do so.  President Obama was, in this case, as in all others, working as an absentee president. I was correct in stating there had been a push to invade the compound for several weeks if not months, primarily led by Leon Panetta, Hillary Clinton, Robert Gates, David Petraeus, and Jim Clapper.  The primary opposition to this plan originated from Valerie Jarrett, and it was her opposition that was enough to create uncertainty within President Obama.  Obama would meet with various components of the pro-invasion faction, almost always with Jarrett present, and then often fail to indicate his position.  This situation continued for some time, though the division between Jarrett/Obama and the rest intensified more recently, most notably from Hillary Clinton.  She was livid over the president's failure to act, and her office began a campaign of anonymous leaks to the media indicating such.  As for Jarrett, her concern rested on two primary fronts.  One, that the military action could fail and harm the president's already weakened standing with both the American public and the world.  Second, that the attack would be viewed as an act of aggression against Muslims, and further destabilize conditions in the Middle East.  Q: What changed the president's position and enabled the attack against Osama Bin Laden to
Paul Merrell

Why Aren't Big Bankers in Jail? - FAIR: Fairness & Accuracy In Reporting - 0 views

  • The man in charge of a bank that engaged in massive mortgage fraud chatted with a corporate media host (CNBC Squawk on the Street, 7/12/13) about the fact that virtually none of those who enriched themselves while eviscerating the life savings of many blameless people, derailing the US economy along the way, have faced criminal prosecution
  • Granted, Cramer is no one's idea of a serious interrogator of the financial system (FAIR Blog, 3/13/09). But much journalism on the question of criminal prosecution of industry leaders amounts to similar apologia. While there have been substantive inquiries into the wrongdoing of investment banks and auditors, those calling for jail time are often dismissed as irrational, driven by "blood lust" (Washington Post, 9/12/13), "anger" (Chicago Tribune, 11/30/13) or "vengeance" (Washington Post, 11/18/13).
  • What the soft-headed among us don't recognize, evidently, is that "blowing up your company isn't necessarily a crime," as the Christian Science Monitor (10/11/11) put it. "America doesn't criminalize bad business decisions," wrote the Washington Post (9/12/13). Or, from Businessweek (5/12/11): "In the American legal system, people who merely act badly or unwisely do not do time." But some have no trouble pointing to actual crimes in the crisis. "Issuing a mortgage that is known to be based on false information and then selling it in the secondary market is fraud and punishable by time in jail," economist Dean Baker (Beat the Press, 9/13/13) noted, citing the Financial Crisis Inquiry Commission. "Packaging loans into mortgage backed securities that an investment bank has good reason to believe are based on false information is also fraud and punishable by time in jail." Former federal bailout inspector Neil Barofsky agrees we're not talking about a perhaps lamentable but inactionable "culture." Asked by NPR (7/26/13) about the no-actual-crime "narrative," Barofsky answered: "No. I think that there was a tremendous amount of fraud."
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  • We're told such calls come from the margins: That no "financial industry types" have been jailed is "a recurring theme among Occupy Wall Street protesters and some Democratic politicians" (Christian Science Monitor, 10/11/11) or "the Occupy Wall Street crowd" (New York Times, 3/1/13). People who believe bankers should go to jail are deflecting blame—from the people: "The real scandal," explained the Washington Post's Charles Lane ("Banks Aren't the Bad Guys," 11/18/13), was "Americans' shared, erroneous belief in ever-rising housing prices and corresponding mania to profit from them." And maybe they need to move on: "This all happened a really long time ago. What-ever happened to the statute of limitations?" the Washington Post (11/19/13) asked itself in a recent Q&A.
  • Certainly the problem extends beyond the actions of a few bigwigs. But people who say jailing industry executives should be the sole response exist only in pundits' minds. William Black, who advocates prison for industry executives (Moyers & Company, 9/17/13), pointed to structural reasons for a lack of prosecutions, including regulatory agencies' abandonment of key functions since the 1980s' Savings & Loan scandal. "When the regulators ceased making criminal referrals—which had nothing to with an end of crime, obviously; it just had to do with a refusal to be involved in the prosecutorial effort anymore—they doomed us to a disaster where we would not succeed." Others say revolving-door relationships between banks and their government watchdogs contribute to settlements that are too generous to serve as deterrents (LittleSis, 10/23/13). Even the historic $13 billion JP Morgan settlement winds up being less than meets the eye, as much of the fine is tax-deductible, $4 billion of it is part of an earlier settlement and much of the rest will take the form of mortgage relief that will help the bank in the long run (Salon, 11/20/13).
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    Fairness & Accuracy in Reporting weighs in on mainstream media's reluctance to call for banksters to be issued horizontal striped suits, noting that the excuses used ignore that there are real victims and that real crimes were comitted. 
Paul Merrell

House Intelligence Committee Member Accuses Former CIA Director Clapper Of Leaking Clas... - 0 views

  • House Intelligence Committee member Rep. Jim Jordan (R-Ohio) leveled a serious allegation at former Director of National Intelligence James Clapper.  Jordan alleged that Jordan leaked classified information about the Trump-Russia investigation to CNN.  Clapper later became a CNN contributor.  I recently wrote a column about how Clapper ran out a statute of limitations for allegedly lying in testimony to Congress. Here is the statement on Fox News: REP. JIM JORDAN (R-OH): We learned two key things from the Republicans on the intelligence committee — their report. The first is they told us something we already know, namely, there was no coordination between the Trump campaign and Russia to influence the election. The second thing they told us is something that we suspected, now they’ve confirmed, which is that Clapper actually was the guy leaking information. Specifically leaking information I believe, from that January 6th meeting where they briefed President Trump, then President-elect Trump on the dossier. Someone at CNN got information. We think it was Mr. Clapper who gave it to them. And then a few days later Buzzfeed prints the entire dossier.
Paul Merrell

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors - 0 views

  • Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.  
  • Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay. (See here and here.) But until now the bank has been obligated to pay the money back on demand in the form of cash. Under the FDIC-BOE plan, our IOUs will be converted into “bank equity.”  The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.
  • The 15-page FDIC-BOE document is called “Resolving Globally Active, Systemically Important, Financial Institutions.”  It begins by explaining that the 2008 banking crisis has made it clear that some other way besides taxpayer bailouts is needed to maintain “financial stability.” Evidently anticipating that the next financial collapse will be on a grander scale than either the taxpayers or Congress is willing to underwrite, the authors state: An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company [meaning the depositors] into equity [or stock]. In the U.S., the new equity would become capital in one or more newly formed operating entities. In the U.K., the same approach could be used, or the equity could be used to recapitalize the failing financial company itself—thus, the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution.
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  • No exception is indicated for “insured deposits” in the U.S., meaning those under $250,000, the deposits we thought were protected by FDIC insurance. This can hardly be an oversight, since it is the FDIC that is issuing the directive. The FDIC is an insurance company funded by premiums paid by private banks.
  • If our IOUs are converted to bank stock, they will no longer be subject to insurance protection but will be “at risk” and vulnerable to being wiped out, just as the Lehman Brothers shareholders were in 2008.  That this dire scenario could actually materialize was underscored by Yves Smith in a March 19th post titled When You Weren’t Looking, Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives.  She writes: In the US, depositors have actually been put in a worse position than Cyprus deposit-holders, at least if they are at the big banks that play in the derivatives casino. The regulators have turned a blind eye as banks use their depositaries to fund derivatives exposures. And as bad as that is, the depositors, unlike their Cypriot confreres, aren’t even senior creditors. Remember Lehman? When the investment bank failed, unsecured creditors (and remember, depositors are unsecured creditors) got eight cents on the dollar. One big reason was that derivatives counterparties require collateral for any exposures, meaning they are secured creditors. The 2005 bankruptcy reforms made derivatives counterparties senior to unsecured lenders.
  • One might wonder why the posting of collateral by a derivative counterparty, at some percentage of full exposure, makes the creditor “secured,” while the depositor who puts up 100 cents on the dollar is “unsecured.” But moving on – Smith writes: Lehman had only two itty bitty banking subsidiaries, and to my knowledge, was not gathering retail deposits. But as readers may recall, Bank of America moved most of its derivatives from its Merrill Lynch operation [to] its depositary in late 2011. Its “depositary” is the arm of the bank that takes deposits; and at B of A, that means lots and lots of deposits. The deposits are now subject to being wiped out by a major derivatives loss. How bad could that be? Smith quotes Bloomberg:
  • . . . Bank of America’s holding company . . . held almost $75 trillion of derivatives at the end of June . . . . 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. $75 trillion and $79 trillion in derivatives! These two mega-banks alone hold more in notional derivatives each than the entire global GDP (at $70 trillion).
  • Are you safe, then, if your money is in gold and silver? Apparently not – if it’s stored in a safety deposit box in the bank.  Homeland Security has reportedly told banks that it has authority to seize the contents of safety deposit boxes without a warrant when it’s a matter of “national security,” which a major bank crisis no doubt will be.
  • Another alternative was considered but rejected by President Obama in 2009: nationalize mega-banks that fail. In a February 2009 article titled “Are Uninsured Bank Depositors in Danger?“, Felix Salmon discussed a newsletter by Asia-based investment strategist Christopher Wood, in which Wood wrote: It is . . . amazing that Obama does not understand the political appeal of the nationalization option. . . . [D]espite this latest setback nationalization of the banks is coming sooner or later because the realities of the situation will demand it. The result will be shareholders wiped out and bondholders forced to take debt-for-equity swaps, if not hopefully depositors.
  • President Obama acknowledged that bank nationalization had worked in Sweden, and that the course pursued by the US Fed had not worked in Japan, which wound up instead in a “lost decade.”  But Obama opted for the Japanese approach because, according to Ed Harrison, “Americans will not tolerate nationalization.” But that was four years ago. When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.
Paul Merrell

James Comey remained at Justice Department as monitoring went on | World news | guardia... - 0 views

  • James Comey famously threatened to resign from the Justice Department in 2004 over the warrantless surveillance of Americans' internet records. But once Justice Department and National Security Agency lawyers found a novel legal theory to cover the surveillance, the man Barack Obama tapped last week to lead the FBI stayed on as deputy attorney general for another year as the monitoring continued.Comey was the acting attorney general in March 2004, when long-simmering legal tensions over the online "metadata" surveillance pitted the Justice Department and FBI against the Bush White House and NSA. That incident, dramatically recounted by Comey to the Senate in May 2007, earned the 6ft 8in former federal prosecutor a reputation for integrity that has become central to his persona.
  • President Obama directly referred to that reputation when he nominated Comey to take over the FBI on June 21. Hovering over the announcement were the Guardian and Washington Post's revelations of wide-ranging surveillance efforts."To know Jim Comey is also to know his fierce independence and his deep integrity," Obama said. "He was prepared to give up a job he loved rather than be part of something he felt was fundamentally wrong."Except that a classified report recounting the incident, acquired by the Guardian, complicates that view. Comey threatened to resign over the perceived illegality of one aspect of the surveillance. But he remained at the Justice Department for another year as that effort, operating under a new legal theory, continued nearly unchanged.
  • Comey would later testify to the Senate that the episode was "the most difficult of my professional career."But "immediately," the NSA IG report shows, lawyers from the NSA and Comey's Justice Department "began efforts to recreate this authority." They found it in what the document nebulously refers to as a Pen Register/Trap and Trace Order – a reference to devices traditionally used by surveillance officials to record the incoming and outgoing calls made and received by a telephone.The Fisa court, the secret court that oversees NSA surveillance, approved the first such order for NSA to again collect and analyze large volumes of internet records from Americans on July 14 2004, barely three months after Comey's rebellion.
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  • "Although NSA lost access to the bulk metadata from 26 March 2004 until the order was signed, the order essentially gave NSA the same authority to collect bulk internet metadata that it had" previously, the NSA IG report reads, "except that it specified the datalinks from which NSA could collect, and it limited the number of people that could access the data."The surveillance Comey and his colleagues – including Mueller, the FBI director he is nominated to replace – objected to had merely been paused and rerouted under a new legal basis. Comey remained at the Justice Department as deputy attorney general until August 15, 2005.
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    Here's hoping that the Senate has the sense to reject James Comey as the new FBI Director. The FBI needs a Director and Comey's active assistance  in unconstitutional NSA surveillance, even if not an absolute disqualifier, cannot possibly be sorted out  during the foreseeable future.   Hey, Mr. President, how about a real civil libertarian instead?
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