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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.
Gary Edwards

The Basic Library - Article V Project To Restore Liberty - 2 views

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    "Free Google Book Search (360 B.C.) The Republic - Plato (46 B.C.) Cicero's Brutus - Cicero   (1517) Discourses on Livy - Machiavelli (1553) The Discourse of Voluntary Servitude - Étienne de La Boétie (1690) Two Treatises of Government - John Locke   (1698) Discourses Concerning Government - Algernon Sydney Sidney's Discourses and Locke's Second Treatise were recommended by Jefferson and Madison as containing the "general principles of liberty and the rights of man, in nature and society" (1748) The Spirit of Laws  - Montesquieu (1748) The Principles of Natural and Politic Law - Burlamaqui   (1755) Old Family Letters - John Adams (1758) The Law of Nations- Vattel   (1764-1769) The Writings of Samuel Adams (1765-1769) Blackstone's Commentaries on the Laws of England (1766) The Declaratory Act (1770) The Writings of John Adams V1-2              The Writings of John Adams V3-4              The Writings of John Adams V5-7              The Writings of John Adams V8-10   (1771-1788) The Autobiography of Benjamin Franklin (1772) The Votes and Proceedings of the Freeholders and other Inhabitants (1774) A Full Vindication of the Measures of Congress - Hamilton (1774) Novanglus - John Adams Principle Controversy between Great Britain and Her Colonies (1776) Common Sense- Thomas Paine One Incident which gave a stimulus to the pamphlet Common Sense was, that it happened to appear on the very day that the King of England's speech reached the United States, in which the Americans were denounced as rebels and traitors, and in which speech it was asserted to be the right of the legislature of England to bind the Colonies in all cases whatsoever. (1776-1783) The Crisis- Thomas Paine (1780) Journal of the Convention for Framing the Massachusetts Bay Constitution (1785) Remarks concerning the Government and Laws of the United States of America: in Four Letters addressed to Mr. Adams (1787) The Anti-Federalist (audio) (1787) The Federalist
Gary Edwards

The Manifesto : Porter Stansberry and the Project to Restore America - 1 views

  • First, we should have a balanced budget amendment.
  • Next, we need a constitutional amendment that ensures sound money.
  • Finally... we need a logical way to put a stop to the narrowing of the tax base.
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  • a constitutional amendment that limits state and federal taxation to 20% of income (from whatever the source) and abolishes all other forms of taxation at the state and local level. Give each household a $24,000 annual exemption.
  • We could eliminate the IRS.
  • How much did you make? Send the government 20% of it.
  • we should word the constitutional amendment to make clear our intentions:
  • Every U.S. citizen has the right to keep 80% of his income.
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    I've been following and reading Porter's publications since September of 2008, when the mighty Marbux pointed me to Porter and the libertarian economists as a first step to understanding the financial collapse of 2008, and the incredible role the Federal government / Federal Reserve Bankster Cartel played. Porter started the Project to Restore Americqa, and wrote this very concise and well thought out manifesto explaining a new direction for America to consider.  If you love your country, please take a few minutes to read this.  Rarely has the truth been so clearly stated, and a solution so precisely, yet simply, presented.  Good stuff.  +1 "We have to stop giving our citizens improper incentives. We have to increase the "skin" voters have in the game by spreading the burden of government more equally. And we have to ensure the government doesn't have the power to destroy our currency. Americans now owe $56 trillion in total debt, much of it held by foreign investors. We must spend $3.5 trillion each year on interest. That is already more than the federal government spends, in total. We will never be able to repay these debts - already equal to roughly four times our country's GDP. The largest components of the debts we owe are government debts... and they are growing rapidly and show no signs of stopping. Do you think it's more likely we'll find a way to actually pay down these debts... or simply choose to print more money to pay these debts? That's what we're doing right now. So far, the Federal Reserve has printed more than $2 trillion of new money and used it to finance our government's borrowing binge. So the question is, what can we do to change the direction in which we are headed? We have to fundamentally restructure our system. There must be more balance between rights and responsibilities. There must be some fundamental limit on spending and on taxes. And we need sound money to prohibit the government from taxing us silently via inflation an
Gary Edwards

The End of the Middle Class is The End of America - 0 views

Financial expert Porter Stansberry recently posted the following commentary at The Project to Restore America. Chilling stuff. The number speak for themselves. This comes from Porter's newslette...

Porter-Stansberry financial-collapse Federal-Reserve-Bankster-Cartel

started by Gary Edwards on 27 Jun 13 no follow-up yet
Paul Merrell

ECHELON: NSA's Global Electronic Interception - 0 views

  • 12 August 1988  Cover, pages 10-12   Somebody's  listening  . . . and they don't give a damn about personal privacy or commercial confidence. Project 415 is a top-secret new global surveillance system. It can tap into a billion calls a year in the UK alone. Inside Duncan Campbell on how spying entered the 21st century . . .  They've got it taped In the booming surveillance industry they spy on whom they wish, when they wish, protected by barriers of secrecy, fortified by billions of pounds worth of high, high technology. Duncan Campbell reports from the United States on the secret Anglo-American plan for a global electronic spy system for the 21st century capable of listening in to most of us most of the time   American, British and Allied intelligence agencies are soon to embark on a massive, billion-dollar expansion of their global electronic surveillance system. According to information given recently in secret to the US Congress, the surveillance system will enable the agencies to monitor and analyse civilian communications into the 21st century. Identified for the moment as Project P415, the system will be run by the US National Security Agency (NSA). But the intelligence agencies of many other countries will be closely involved with the new network, including those from Britain, Australia, Germany and Japan--and, surprisingly, the People's Republic of China. New satellite stations and monitoring centres are to be built around the world, and a chain of new satellites launched, so that NSA and its British counterpart, the Government Communications Headquarters (GCHQ) at Cheltenham, may keep abreast of the burgeoning international telecommunications traffic.
  • Both the new and existing surveillance systems are highly computerised. They rely on near total interception of international commercial and satellite communications in order to locate the telephone or other messages of target individuals. Last month, a US newspaper, the Cleveland Plain Dealer, revealed that the system had been used to target the telephone calls of a US Senator, Strom Thurmond. The fact that Thurmond, a southern Republican and usually a staunch supporter of the Reagan administration, is said to have been a target has raised fears that the NSA has restored domestic, electronic, surveillance programmes. These were originally exposed and criticised during the Watergate investigations, and their closure ordered by President Carter. After talking to the NSA, Thurmond later told the Plain Dealer that he did not believe the allegation. But Thurmond, a right-wing Republican, may have been unwilling to rock the boat. Staff members of the Permanent Select Committee on Intelligence said that staff were "digging into it" despite the "stratospheric security classification" of all the systems involved. The Congressional officials were first told of the Thurmond interception by a former employee of the Lockheed Space and Missiles Corporation, Margaret Newsham, who now lives in Sunnyvale, California. Newsham had originally given separate testimony and filed a lawsuit concerning corruption and mis-spending on other US government "black" projects. She has worked in the US and Britain for two corporations which manufacture signal intelligence computers, satellites and interception equipment for NSA, Ford Aerospace and Lockheed. Citing a special Executive Order signed by President Reagan. she told me last month that she could not and would not discuss classified information with journalists. But according to Washington sources (and the report in the Plain Dealer, she informed a US Congressman that the Thurmond interception took place at Menwith Hill, and that she p
  • A secret listening agreement, called UKUSA (UK-USA), assigns parts of the globe to each participating agency. GCHQ at Cheltenham is the co-ordinating centre for Europe, Africa and the Soviet Union (west of the Ural Mountains). The NSA covers the rest of the Soviet Union and most of the Americas. Australia--where another station in the NSA listening network is located in the outback--co-ordinates the electronic monitoring of the South Pacific, and South East Asia.
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  • During the Watergate affair. it was revealed that NSA, in collaboration with GCHQ, had routinely intercepted the international communications of prominent anti-Vietnam war leaders such as Jane Fonda and Dr Benjamin Spock. Another target was former Black Panther leader Eldridge Cleaver. Then in the late 1970s, it was revealed that President Carter had ordered NSA to stop obtaining "back door" intelligence about US political figures through swapping intelligence data with GCHQ Cheltenham.
  • ince then, investigators have subpoenaed other witnesses and asked them to provide the complete plans and manuals of the ECHELON system and related projects. The plans and blueprints are said to show that targeting of US political figures would not occur by accident. but was designed into the system from the start. While working at Menwith Hill, Newsham is reported to have said that she was able to listen through earphones to telephone calls being monitored at the base. Other conversations that she heard were in Russian. After leaving Menwith Hill, she continued to have access to full details of Menwith Hill operations from a position as software manager for more than a dozen VAX computers at Menwith which operate the ECHELON system. Newsham refused last month to discuss classified details of her career, except with cleared Congressional officials. But it has been publicly acknowledged that she worked on a large range of so-called "black" US intelligence programmes, whose funds are concealed inside the costs of other defence projects. She was fired from Lockheed four years ago after complaining about the corruption, and sexual harassment.
  • he largest overseas station in the Project P415 network is the US satellite and communications base at Menwith Hill. near Harrogate in Yorkshire. It is run undercover by the NSA and taps into all Britain's main national and international communications networks (New Statesman, 7 August 1980). Although high technology stations such as Menwith Hill are primarily intended to monitor international communications, according to US experts their capability can be, and has been, turned inwards on domestic traffic. Menwith Hill, in particular, has been accused by a former employee of gross corruption and the monitoring of domestic calls. The vast international global eavesdropping network has existed since shortly after the second world war, when the US, Britain, Canada, Australia and New Zealand signed a secret agreement on signals intelligence, or "sigint". It was anticipated, correctly, that electronic monitoring of communications signals would continue to be the largest and most important form of post-war secret intelligence, as it had been through the war. Although it is impossible for analysts to listen to all but a small fraction of the billions of telephone calls, and other signals which might contain "significant" information, a network of monitoring stations in Britain and elsewhere is able to tap all international and some domestic communications circuits, and sift out messages which sound interesting. Computers automatically analyse every telex message or data signal, and can also identify calls to, say, a target telephone number in London, no matter from which country they originate.
  • If Margaret Newsham's testimony is confirmed by the ongoing Congressional investigation, then the NSA has been behaving illegally under US law--unless it can prove either that Thurmond's call was intercepted completely accidentally, or that the highly patriotic Senator is actually a foreign spy or terrorist. Moreover NSA's international phone tapping operations from Menwith Hill and at Morwenstow, Cornwall, can only be legal in Britain if special warrants have been issued by the Secretary of State to specify that American intelligence agents are persons to whom information from intercepts must or should be given. This can not be established, since the government has always refused to publish any details of the targets or recipients of specific interception warrants.
  • Both British and American domestic communications are also being targeted and intercepted by the ECHELON network, the US investigators have been told. The agencies are alleged to have collaborated not only on targeting and interception, but also on the monitoring of domestic UK communications. Special teams from GCHQ Cheltenham have been flown in secretly in the last few years to a computer centre in Silicon Valley near San Francisco for training on the special computer systems that carry out both domestic and international interception.
  • The centre near San Francisco has also been used to train staff from the "Technical Department" of the People's Liberation Army General Staff, which is the Chinese version of GCHQ. The Department operates two ultra-secret joint US-Chinese listening stations in the Xinjiang Uighur Autonomous Region, close to the Soviet Siberian border. Allegedly, such surveillance systems are only used to target Soviet or Warsaw Pact communications signals, and those suspected of involvement in espionage and terrorism. But those involved in ECHELON have stressed to Congress that there are no formal controls over who may be targeted. And I have been told that junior intelligence staff can feed target names into the system at all levels, without any check on their authority to do so. Witnesses giving evidence to the Congressional inquiry have discussed whether the Democratic presidential contender Jesse Jackson was targeted; one source implied that he had been. Even test engineers from manufacturing companies are able to listen in on private citizens' communications, the inquiry was told. But because of the special Executive Order signed by President Reagan, US intelligence operatives who know about such politically sensitive operations face jail sentences if they speak out--despite the constitutional American protection of freedom of speech and of the press. And in Britain, as we know, the government is in the process of tightening the Official Secrets Act to make the publication of any information from intelligence officials automatically a crime, even if the information had already been published, or had appeared overseas first.
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    From the original series of ariticles * in 1988 * that first brought the Five Eyes' nation's ECHELON surveillance project to light. But note the paragarph about the disclosure during the Watergate scandal (early 1970s) about domestic digital surveillance of antiwar leaders and Black Panther leader Eldridge Cleaver.    
Paul Merrell

Summit of Community of Latin America and Caribbean States (CELAC) | Información al Desnudo - 0 views

  • Another moment that sparked controversy during the two-day summit was the break of protocol by President Ortega of Nicaragua when he allowed Puerto Rico’s pro-independence leader, Ruben Berrios, to address the forum.
  • The summit concluded with a political declaration and other resolutions, among the most notable were the repudiation to the U.S. sanctions on Venezuela, support for the return of the Malvinas islands to Argentina, and the decolonization of Puerto Rico.
  • The Political Declaration of Belen – named after Belen county, in Costa Rica, where the summit was held – includes 94 different points including a commitment to multi-lateralism, dialogue between countries, peaceful solutions to conflicts, and unconditional support for the United Nations Charter and international law. Here are 5 important events and outcomes of the regional meeting: 1. Regions commit to eradicate hunger by 2025
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  • 2. Latin America and the Caribbean calls for end to U.S. meddling in member countries CELAC – created in opposition to the U.S.-dominated Organization of American States – firmly rejected U.S. sanctions against Venezuela, calling them a violation of international law and a threat to peace in the region.
  • In another knock to the interventionist attitude by U.S. policy makers, CELAC also reiterated its proclamation from its 2014 summit declaring Latin America and the Caribbean as a zone of peace. The regional bloc called on the international community to “respect this proclamation in its relations with the member states of CELAC, including the commitment to non-intervention, direct or indirect, in the internal affairs of any other state and to respect the principles of national sovereignty, equal rights, and the self-determination of peoples.” 3. CELAC calls for Obama to end U.S. Blockade on Cuba The CELAC bloc and its member states overwhelmingly backed the decision by the United States and Cuba to restore diplomatic relations and called on U.S. President Obama to end the blockade on Cuba.
  • 4. Leaders call for Puerto Rico to be included in future CELAC meetings Nicaraguan President Daniel Ortega offered his speaking time to Puerto Rican independence leader Ruben Berrios Martinez, who called on the bloc to support the island’s struggle against colonialism. Regional leaders responded with calls for independence for the island and a commitment to include representation from the island in future meetings of CELAC.
  • The bloc also approved resolutions backing Argentina’s claim to the Malvinas as well as supporting the peace process in Colombia. The special declarations also called for a new international financial structure, financing for development projects and demanded action on climate change.
Gary Edwards

How World War I Paved the Way for the Warfare State :: The Mises Economics Blog: The Circle Bastiat - 0 views

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    Part ONE "by David Stockman Remarks To The Committee For The Republic, Washington DC, February 2014 (Part 1 of 6 Parts) [From David Stockman's Contra Corner.] Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down-an outcome which 45 years of Cold War military mobilization by the West had failed to accomplish. At the time, the U.S. Warfare State's budget- counting the pentagon, spy agencies, DOE weapons, foreign aid, homeland security and veterans--was about $500 billion in today's dollars.  Now, a quarter century on from the Cold War's end, that same metric stands at $900 billion. This near doubling of the Warfare State's fiscal girth is a tad incongruous.  After all, America's war machine was designed to thwart a giant, nuclear-armed industrial state, but, alas, we now have no industrial state enemies left on the planet. The much-shrunken Russian successor to the Soviet Union, for example, has become a kleptocracy run by a clever thief who prefers stealing from his own citizens. Likewise, the Red Chinese threat consists of a re-conditioned aircraft carrier bought second-hand from a former naval power--otherwise known as the former Ukraine. China's bubble-ridden domestic economy would collapse within six weeks were it to actually bomb the 4,000 Wal-Mart outlets in America on which its mercantilist export machine utterly depends. On top of that, we've been fired as the world's policeman, al Qaeda has splintered among warlords who inhabit the armpits of the world from Yemen to Somalia and during last September's Syria war scare the American people even took away the President's keys to the Tomahawk missile batteries.  In short, the persistence of America's trillion dollar Warfare State budget needs some serious "splainin". The Great War and Its Aftermath My purpose tonight is to sketch the long story of how it all happened, starti
Gary Edwards

The Project To Restore America - 0 views

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    Yes, it's a confusing proposal - but not when compared to what we have now; a financial industry run by "To-Big-To-Fail Banks" able to loot the public treasury at will.  Never to Big to Bail, and taxpayers voted for four more years of looting.  Limited Purpose Banking is based on equity.  Which is quite different from the fractional-reserve-lending model used by the To-Big-Fail Banksters. "The history of banking is a long and sorry record of promises that can't be kept - promises that were either overly optimistic or outright fraudulent. Since banks are leveraged, failing to deliver on their promises leads them to collapse. But unlike standard bankruptcies, bank failures produce enormous economic fallout.   There's a reason. Banks not only market financial products. They also make financial markets. Markets, be they for apples or loans, constitute critical public goods whose provision should not be jeopardized.     Making a market -- getting buyers and sellers to meet at the same time and place always represents a feat of coordination. The main purpose of banks is to effect financial coordination - to bring together borrowers and lenders and investors and savers.     When banks fail, particularly large ones, this coordination breaks down. Moreover, bank failures can be contagious. Any given bank's failure raises the prospect that fraud or very poor judgment was at fault and that other banks are engaged in the same practice. This leads to runs on, actually away from, banks in general. In addition, since banks borrow and lend to one another, the failure of bank A can bring bank B down if A owes money to B.     Worst of all, financial collapse, even by a few major financial players can coordinate non-financial companies as well as households on the belief that times are bad. And when millions of separate firms and tens of millions of households start expecting bad times, they take actions to make bad times happen. Thus, the state of confidence, what Key
Gary Edwards

The Project To Restore America - 0 views

  • One hundred years ago this month, on December 23, 1913, the Congress passed the Federal Reserve Act, establishing a national central-banking system in the United States. The governing board of the Federal Reserve was organized on August 12, 1914, and the Federal Reserve banks opened for operation on November 16, 1914.   On the surface, the preamble to the Act, which summarized the purpose of the new government-created institution, seemed fairly innocuous:   “An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.”
  • The Powers of the Federal Reserve   But what this meant was the start of the monopolization of monetary matters in the hands of a single politically appointed authority within the boundaries of the United States.   Those innocuously sounding functions listed in the Act’s preamble, however, gave the Federal Reserve the power to:   (a) Control the quantity of money and credit supplied in the United States.   (b) Influence the value, or purchasing power, of the monetary unit that is used by the citizenry of the country in all their transactions.   (c) Indirectly manipulate the rates of interest at which borrowers and lenders transfer savings for investment and other purposes, including the funding of government budget deficits.
  • A Century of Central Bank Mismanagement   The 100-year record of the Federal Reserve has been a roller coaster of inflations and recessions, including the disaster of the Great Depression of the 1930s, the “excessive exuberance” of the late 1990s that resulted in the “Dot.Com” bubble that burst in the early 2000s, and the recent boom-bust cycle of the last decade from which the U.S. economy is still slowly recovering.   The crucial and fundamental problem with the power and authority of the Federal Reserve is that it represents monetary central planning. In a world that has, for the most part, turned its back on the theoretical error and practical disaster of believing that governments have the wisdom and ability to centrally plan the economic affairs of a society, central banking remains one of the major remaining forms of socialism practiced around the globe.   Government control and planning of the monetary system has resulted in extensive political power over virtually every aspect of our economic life. In 1942 Gustav Stolper, a German free-market economist then in exile in America from war-torn Europe, published a book titled “This Age of Fables.” He pointed out:
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  • “Hardly ever do the advocates of free capitalism realize how utterly their ideal was frustrated at the moment the state assumed control of the monetary system . . . A ‘free’ capitalism with government responsibility for money and credit has lost its innocence. From that point on it is no longer a matter of principle but one of expediency how far one wishes or permits government interference to go. Money control is the supreme and most comprehensive of all governmental controls short of expropriation.”
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    Interesting two part summary of the Federal Reserve that emphasis' the essential relationship between central banking and socialism.  The author, Richard Ebeling, goes as far as to say that not only is central banking essential to socialism but also that free market - individual liberty capitalism cannot coexist with central banking. IIRC, there is a clause int he Federal Reserve Act of 1913 where the US Treasury can purchase back control of the money supply at a cost of $144 Million dollars.  Not sure where I read that, but the cancellation of near two thirds of the interest due on our national debt would work wonders for the dollar.
Paul Merrell

Weak Federal Powers Could Limit Trump's Climate-Policy Rollback - The New York Times - 0 views

  • With Donald J. Trump about to take control of the White House, it would seem a dark time for the renewable energy industry. After all, Mr. Trump has mocked the science of global warming as a Chinese hoax, threatened to kill a global deal on climate change and promised to restore the coal industry to its former glory.
  • We do not know for sure that the New York wind farm will get built, but we do know this: The energy transition is real, and Mr. Trump is not going to stop it. Advertisement Continue reading the main story On a global scale, more than half the investment in new electricity generation is going into renewable energy. That is more than $300 billion a year, a sign of how powerful the momentum has become.Wind power is booming in the United States, with the industry adding manufacturing jobs in the reddest states. When Mr. Trump’s appointees examine the facts, they will learn that wind-farm technician is projected to be the fastest-growing occupation in America over the next decade.The election of Mr. Trump left climate activists and environmental groups in despair. They had pinned their hopes on a Hillary Clinton victory and a continuation of President Obama’s strong push to tackle global warming.
  • Now, of course, everything is in flux. In the worst case, with a sufficiently pliant Congress, Mr. Trump could roll back a decade of progress on climate change. Barring some miraculous conversion on Mr. Trump’s part, his election cannot be interpreted as anything but bad news for the climate agenda.Yet despair might be an overreaction.For starters, when Mr. Trump gets to the White House, he will find that the federal government actually has relatively little control over American energy policy, and particularly over electricity generation. The coal industry has been ravaged in part by cheap natural gas, which is abundant because of technological changes in the way it is produced, and there is no lever in the Oval Office that Mr. Trump can pull to reverse that.The intrinsically weak federal role was a source of frustration for Mr. Obama and his aides, but now it will work to the benefit of environmental advocates. They have already persuaded more than half the states to adopt mandates on renewable energy. Efforts to roll those back have largely failed, with the latest development coming only last week, when Gov. John Kasich of Ohio, a Republican, vetoed a rollback bill.
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