(Wired) – Joint Chiefs Chair: No, No, No. Don’t Attack Iran
We are all screwed if Iran gets a nuke. And we may be just as screwed if the United States attacks Iran to keep Tehran from getting that nuke.
Okay, I’m paraphrasing a bit. But that’s the core of the message from America’s top military officer, who reiterated today his canyon-deep reservations about any military solution to the Iranian nuclear crisis. Sure, U.S. strikes might set back Tehran’s atomic weapons program — for a while. But the “unintended consequences” of a hit on Iran’s nuclear facilities could easily outweigh the benefits of that delay, Joint Chiefs of Staff Chairman Admiral Mike Mullen told a forum at Columbia University. Read More Here
(HuffingtonPost) – Benjamin Netanyahu Urges ‘Crippling Sanctions’ Against Iran
Israeli Prime Minister Benjamin Netanyahu (neh-ten-YAH’-hoo) is calling for “crippling sanctions” against Iran to prevent it from developing a nuclear weapons capability. Read More Here
(Aletho) – Barak: “The Only Way out of Iran Crises is a Bold Israeli Move”
Israel Defense Minister Ehud Barak told Israel Radio on Monday that the only way out of the current “stalemate” with Iran is a bold Israeli move, adding that he felt that Iran did not pose an “immediate existential threat” to Israel. Read More Here
(TimesOnline) – Video: Pentagon chief raises threat of attack as Iran taunts US with missile display
The Pentagon was ratcheting up pressure for military action against Iran last night as America’s top uniformed official said for the first time that a strike on nuclear targets would “go a long way” towards delaying Tehran’s uranium enrichment programme. View Video Here
(LATimes) – Secret Prison Revealed in Baghdad
Hundreds of Sunni men disappeared for months into a secret Baghdad prison under the jurisdiction of Prime Minister Nouri Maliki’s military office, where many were routinely tortured until the country’s Human Rights Ministry gained access to the facility, Iraqi officials say.Read More Here
(GlobalResearch) – The Pentagon’s Fantasy Numbers on Afghan Civilian Deaths
“The American public is conditionally tolerant of [military] casualties and consistently indifferent to collateral damage” Dr. Karl P. Mueller, School of Advanced Airpower Studies, Maxwell Air Force Base
The Politics of Counting Dead Afghan Civilians: Responses by the Libertarian Right and Obama Liberals to McChrystal’s Numbers Read More Here
(Reuters) – Mullen: Military “Options” Exist for Dealing with Iran
The nation’s top military officer said Sunday that military options existed to try to prevent Iran from getting a nuclear weapon but that diplomatic efforts were the best way forward now. Read More Here
(AFP) – Afghanistan: More than 100 dead in bloody week
More than 100 people including dozens of civilians were killed in violence related to Afghanistan’s ongoing war against the Taliban in the past week, authorities said Sunday. Read More Here
(TimesOnline) – Israel warns Syria over Hezbollah attacks “We’ll return Syria to the Stone Age”
Israel has delivered a secret warning to Syrian President Bashar Assad that it will respond to missile attacks from Hezbollah, the militant Lebanese-based Islamist group, by launching immediate retaliation against Syria itself. Read More Here
(ConsortiumNews) – Lie to Congress; Get Fourth Star – Cyber-Warfare Chief’s Deception – Ray McGovern
U.S. Army Lt. Gen. Keith Alexander may well be harboring the proverbial thought attributed to prevaricator Oliver North upon being spared punishment — and instead getting rewarded handsomely — for lying about the Iran-Contra Affair: “Is this a great country or what!” Read More Here
(AntiFascistCalling) – The Pentagon’s Cyber Command: Civilian Infrastructure is a “Legitimate” Target – Tom Burghardt
When U.S. Secretary of Defense Robert M. Gates launched Cyber Command (CYBERCOM) last June, the memorandum authorizing its stand-up specified it as a new “subordinate unified command” under U.S. Strategic Command (STRATCOM), one that “must be capable of synchronizing warfighting effects across the global security environment as well as providing support to civil authorities and international partners.” Read More Here
(RussiaToday) – Video: Why “Blackwater” is behind suicide bombings in Pakistan – Webster Tarpley -Read the rest of this entry »
Diana Rehm (NPR): We do wonder whether there’s human involvement in all of these eruptions, earthquakes, storms -
Elise Labott (senior State Department producer for CNN): – and how much global warming has a role in it. You know we’ve seen a lot of wacky weather but that’s just a microcosm for what’s happening around the world and how much climate change is contributing to earthquakes and volcanic ash – it’s a really good question.
How exactly could global warming cause a volcano to go off? – Source: John Lott
(RawStory) – The tea parties are all about expressing American freedom and coming together to celebrate and protect God-given liberties. This, of course, is why anyone who disagrees must be screamed at until silenced.
As right-wing radio host Matt Walsh learned recently, if you challenge mob mentality, you get the mob itself. In this case, if you trash Sarah Palin in front of her biggest fans, you might just get called an “infiltrator” and booed off stage. Read the rest of this entry »
(PaulWatson) – With European governments coming under increasing pressure from airline groups to re-open airspace following dozens of successful test flights directly through the volcano ash cloud, it appears as if the infamous UK MET Office, which relies on similar voodoo science in proliferating its fearmongering about global warming, has once again been completely discredited at a cost of widespread chaos on top of hundreds of millions of dollars a day in lost revenue. Read the rest of this entry »
(RadicalReactionary) – Industrial Wind and the Wall Street Cap and Trade Fraud
Financial scandals are not new. Schemes to leverage risk and cheat the public are mainstays of the mad “Cap and Trade” stratagem, in the ongoing war, against genuine free enterprise. The latest ploy is the industrial wind swindle. Read More Here
(ChicagoTribune) – Illinois bank-owned foreclosures double in first quarter
Almost 15,000 Illinois homeowners lost their homes to foreclosure in the year’s first three months, twice as many as the number that went back to lenders during 2009′s first three months, new figures show. Read More Here
(SeekingAlpha) – Foreclosure Pipeline Is Full to Bursting
According to realtytrac.com, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. Read More Here
(Telegraph) – Goldman Sachs: the bank that thought it ruled the world
Goldman Sachs was ‘doing God’s work’ – but it is now being investigated for fraud. Harry Wilson reports. Read More Here
(HuffingtonPost) – The 10 SCARIEST Charts Of The Recession – Read More Here
(BigGovernment) – White House Caught Altering Stimulus Baseline Projection by 7 Million Jobs
The number of jobs in the U.S. is currently 129.7 million. So to justify the Administration’s current claim of 2.8 million jobs “created or saved” by stimulus, they need to also claim that without that stimulus there would be only 126.9 million jobs. That’s exactly what they do, displayed as the “baseline projection” level in the graphic below from an April 14, 2010 report: Read More Here
(DailyWealth) – One of the World’s Biggest Oil Producers Is Going Bust – Read More Here
(AP) – Recession is ending? Some Americans don’t buy it – Read More Here
(NYTimes) – For Cash-Strapped States, Sin Is Sure Lucrative – Read More Here
(USAWatchDog) – Fraud, It’s Much Bigger Than Goldman Sachs
Goldman Sachs was charged with fraud last week by the Securities and Exchange Commission. The investment bank says the charges are “unfounded in law and fact.” Regulators allege “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party,” SEC Enforcement Director Robert Khuzami said in a statement. Read More Here
(InternationalForecaster) – Don’t Look to Banks To Solve Economic Problems – Bob Chapman
One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. Read More Here
(NeitherCorp) – Get Ready, Inflation Is On The Way
In the professional financial world, the term “inflation” has many inferences, consequences, supposed benefits, and definitions. Read More Here
(EconomicCollapse) – If The U.S. Economy Goes Into The Toilet Will It Result In A Complete And Total Collapse Of Society? Read More Here
(BusinessInsider) – Congressmen Urge Dramatic Expansion Of Goldman Investigation, Demand Big Payback To AIG
The easiest reason to think that the Goldman Sachs (GS) news will metastasize is that so many players potentially have an interest in seeing it expand. Read More Here
(InfoClearingHouse) – High Frequency Trading – High-tech Highway Robbery – Michael Whitney
The Securities and Exchange Commission (SEC) knows that High-Frequency Trading (HFT) manipulates the market and bilks investors out of tens of billions of dollars every year. But SEC chairman Mary Schapiro refuses to step in and take action. Instead, she’s concocted an elaborate “information gathering” scheme, that does nothing to address the main problem. Schapiro’s plan–to track large blocks of trades by large institutional investors– is an attempt to placate congress while the big Wall Street HFT traders continue to rake in obscene profits. It achieves nothing, except provide the cover Schapiro needs to avoid doing her job. Read More Here
(InfoClearingHouse) – A Greater Threat Than Terrorism – Outsourcing the American Economy – Paul Craig Roberts
Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” – Read More Here
(GlobalResearch) – Going After Goldman: A Crackdown on Financial Crime or a Kabuki Play Maneuvre to Avoid Bringing Criminal Charges – Danny Schechter
Fox Business News was engrossed in interviewing a blonder than thou reality TV bimbo when the news that the Securities And Exchange Commission was filing fraud charges against Goldman Sachs broke on Friday afternoon. Read More Here
(Fox) – Video: Ron Paul – Fox Business
On Monday, April 19, 2010, Congressman Paul was interviewed on Fox Business’ “Varney & Co.” concerning financial regulatory reform legislation and how the Federal Reserve and our current regulatory system encourage corruption in our economy. Read the rest of this entry »
(RussiaToday) – When I asked Sen. Jay Rockefeller (Democrat-West Virginia) if he repudiates his family starting the modern eugenics movement that Hitler adored, he did not deny the claim. He even told me: “You have balls… You should run for Congress.” This is when I realized the eugenics movement has never ended, but is alive and well today. Read the rest of this entry »
(Sott) – “Deception by an omission of the truth is as bad as a lie.” Jennifer Chiaverini
The mainstream media was quick to publicise the findings of a survey that showed widespread public support for the global drive to install ‘naked’ full-body scanners at airports. Read More Here
(RussiaToday) – Barack Obama is masking the real issues over nuclear weapons by presenting the idea that nuclear terrorism is a major threat, says Michel Chossudovsky, Director of the Canadian Centre for Research on Globalization. Read the rest of this entry »
(DailyMail) – Showing Chinese sweatshop workers slumped over their desks with exhaustion, it is an image that Microsoft won’t want the world to see.
Employed for gruelling 15-hour shifts, in appalling conditions and 86f heat, many fall asleep on their stations during their meagre ten-minute breaks. Read the rest of this entry »
(DailyMail) – Showing Chinese sweatshop workers slumped over their desks with exhaustion, it is an image that Microsoft won’t want the world to see.
Employed for gruelling 15-hour shifts, in appalling conditions and 86f heat, many fall asleep on their stations during their meagre ten-minute breaks. Read the rest of this entry »
(TheNation) – There has been almost universal silence among Congressional Democrats on the Obama administration’s recently revealed decision to authorize the assassination of a US citizen, Anwar al-Awlaki. Al-Awlaki, who now lives in Yemen, has been accused of providing inspiration for Umar Farouk Abdulmutallab, the alleged “underwear bomber,” and Major Nidal Malik Hasan, the alleged Fort Hood shooter. In recent weeks, there has been a dramatic surge in US government chatter about the alleged threat posed by al-Awlaki, with anonymous US officials accusing him of directly participating in terror “plots” (his family passionately disputes this). Read More Here
(KXLY) – Spokane Police and other northwest law enforcement agencies held a training exercise Friday morning to learn how to get things back under control when a group of people turn from a peaceful assembly to a full blown riot. Read the rest of this entry »
(KurtNimmo) – Former president Bill Clinton has told CNN’s Wolf Blitzer he is worried that anti-government rhetoric will lead to violence and another Oklahoma City. He said he is concerned about people opposed to the government using the internet. View Video Here
(TimesOnline) – Time Fifteen years after the Oklahoma City bombing, the spectre of domestic terrorism has returned to haunt the Obama Administration, with a warning from the FBI that “home-grown and lone-wolf extremists” now represent as serious a threat as al-Qaeda and its affiliates. Read the rest of this entry »
(Express) – Police want the power to order dangerous suspects to be injected with a sedative.
They claim this would help them deal with people suffering from Excited Delirium Syndrome, a condition said to give victims very high levels of strength and aggression.
Allowing paramedics to sedate such people could reduce deaths in custody, the Police Federation believes.
Only doctors or other medics can currently decide who is given drugs and officers cannot restrain anyone while a sedative is administered. – Read entire article
So divorced from reality is the American political conversation, it becomes necessary to defend the good name of socialism by explaining that no such thing exists in the U.S. In fact, the United States government does less for its citizens than most of the rest of the world’s developed industrial nations.
“More of the rich stay rich and more of the poor stay poor here in the US.”
Glenn Beck and other far right multi-millionaires are claiming that the US is hot on the path towards socialism. Part of their claim is that the US is much more generous and supportive of our working and poor people than other countries. People may wish it was so, but it is not.
(Mises) – One hundred years ago today, on April 16, 1910, Henry Pritchett, president of the Carnegie Foundation, put the finishing touches on the Flexner Report.[1] No other document would have such a profound effect on American medicine, starting it on its path to destruction up to and beyond the recently passed (and laughably titled) Patient Protection and Affordable Care Act of 2010 (PPACA), a.k.a., “Obamacare.” Flexner can only be accurately understood in the context of what led up to it. Read the rest of this entry »
(RawStory) – Passions were ablaze at a Tax Day Tea Party event held on the steps of the old Florida Capitol, with protesters holding signs that read, “We vote with bullets,” “Fire Congress,” “9/11 was an Inside Job” and “Return to the Constitution.” Read the rest of this entry »
(LRCBlog) – Bill Clinton has recently implied that modern Tea Party activists are all potential Timothy McVeighs:
Former President Bill Clinton on Friday said that “legitimate” comparisons can be drawn between today’s grass-roots anger and resentment toward the government and the right-wing extremism that bubbled up prior to the bombing of a federal building in Oklahoma City 15 years ago.
True, this probably isn’t as bad as the Bush administration’s claim that citizens who don’t support the Bush administration are “with the terrorists,” but it is fairly bold fearmongering. I doubt that Clinton mentioned the motivation for the OKC bombing. McVeigh, who was trained to kill and trained to make bombs by the United States Army, planned the bombing with his accomplices as retaliation for the Clinton Administration’s mass murder of women and children at Waco. The OKC bombing was carried out on the April 19 anniversary of Waco.
Clinton did say one true thing during his speech: “…be careful with what you say and do not advocate violence.” The state always considers itself exempt from this advice of course. Source: Lew Rockwell
(NoConsensus) – How the IPCC Report Has Been Advertised – Read More Here
(Suite101) – Aussie Skeptic Attacks Climate Data Fraud
Climate skeptic, Malcolm Roberts, mounts a lucid rebuttal of the man-made global warming theory in his publication, ‘Two Dead Elephants in Parliament.’ Read More Here
(Telegraph) – Climategate – a scandal that won’t go away
From Macbeth to Watergate, it’s not the act that leads to nemesis, but the attempts to ‘trammel up the consequence’ , writes Christopher Booker. Read More Here
(JapanTimes) – Tokyo snowfall matches record from April 1969
Snow fell in central Tokyo on Saturday as temperatures plunged, matching a 41-year-old record for the season’s latest snowfall, the Japan Meteorological Agency said. Read More Here
(USAActionNews) – Video: How the global warming hoax evolved from population control and eugenics
Britain created the modern environmental movement from roots of population control and eugenics ‘the lowest strata of people are reproducing too fast’ …’long unemployment should be a grounds for sterilization’. Video Link Here
(GlobalWarmingHoax) – Climate Change is Natural: 100 Reasons Why – Read More Here
(StrataSphere) – Smoking Gun: CRU Data Too Inaccurate To Detect AGW
Ross McKitrick has a long narrative up on how he has attempted to correct the sloppy math and unproven assumptions made by the IPCC and CRU (H/T Bishop Hill). As you read this you should also be aware that inside the CRU data dump from last fall was a smoking gun document which clearly indicates CRU knows its data is incapable of detecting AGW levels to a tenth of a degree. To do so requires temperature data to be at least that accurate or better. You can’t measure to the inch with an unmarked yard stick. Read More Here
(C3Headlines) – AGW Severe Weather Prediction Wrong: China Hail Storm Frequency Declines During Global Warming
Read here. Al Gore, James Hansen and other warming publicity seekers like to state that global warming causes more severe weather incidents. Unfortunately for the alarmists, their claims have been proven wrong by the empirical evidence, continuously. Add China to the list, now. Researchers discover hail storms happened less frequently concurrent with global warming increase. Read More Here
(PublicIntelligence) – Public Intelligence has received a request from FEMA to remove a “For Official Use Only” document regarding the National Level Exercise 2010 (NLE 10), which was scheduled for this coming May. The exercise was to be based on National Planning Scenario 1 which simulates a nuclear detonation in a U.S. city. However, recent political pressure has led to the exercise being “scaled back” according to the Washington Post, Christian Science Monitor and a variety of other publications. At the behest of Senator Harry Reid (D-NV), the exercise’s Nevada events have reportedly been canceled and the FEMA website now shows no mention of NLE 10. Read the rest of this entry »
(CampaignIran) – Full text of Iran’s letter of complaint to the UN over US threats of nuclear attack – Read More Here
(WashingtonPost) – Ahmadinejad calls for U.S. to destroy its nuclear arsenal first
Iranian President Mahmoud Ahmadinejad drew applause at a nuclear disarmament conference in Tehran attended by representatives of 60 countries when he called for the destruction of all atomic weapons, starting with those in the U.S. arsenal. Read More Here
(YNet) – Report: Israel threatens to send Syria back to Stone Age
According to report in Sunday Times, Israeli minister said if Hezbollah dares to attack with ballistic missiles, responsibility will fall on Syria’s shoulders, Israel will mercilessly attack strategic targets. ‘Assad playing with fire,’ says minister, according to British paper Read More Here
(DailyTelegraph) – Iran calls US ‘the world’s only atomic criminal’
Iran’s Supreme Leader Ayatollah Ali Khamenei used an international conference in Tehran to condemn the US as the “world’s only atomic criminal”. Read More Here
(AFP) – Scud allegations may prompt Israeli raid: Hezbollah
US concern over allegations that Syria has been supplying Scud missiles to Hezbollah serves to encourage Israel to attack Lebanon, the Lebanese Shiite militant group said on Saturday.
(RawStory) – US Afghan commander: ‘We have too many contractors’
The US commander in Afghanistan said Friday that the military is wasting money by employing too many private contractors to do jobs better done by soldiers or local Afghans. Read More Here
(AntiWar) – Gen McChrystal: No Proof Iran Sending Fighters or Weapons to Afghanistan
Says Some Taliban May Have Trained Inside Iran Read More Here
On the third anniversary of his death, the Al Mezan Center for Human Rights reported that the Israeli army deliberately shot and killed Palestinian cameraman, working for Reuters, Fadel Shana’a, 23, in the Gaza Strip. Read More Here
(Uruknet) – America and the Dictators From Ngo Dinh Diem to Hamid Karzai
The crisis has come suddenly, almost without warning. At the far edge of American power in Asia, things are going from bad to much worse than anyone could have imagined. The insurgents are spreading fast across the countryside. Corruption is rampant. Local military forces, recipients of countless millions of dollars in U.S. aid, shirk combat and are despised by local villagers. American casualties are rising. Our soldiers seem to move in a fog through a hostile, unfamiliar terrain, with no idea of who is friend and who is foe. Read More Here
(NHTruth) – Veterans of “Wikileaks” Incident Announce “Letter of Reconciliation” To Iraqis Injured In Attack
Two former soldiers from the Army unit responsible for the Wikileaks “Collateral Murder” incident have written an open-letter of “Reconciliation and Responsibility” to those injured in the July 2007 attack, in which U.S. forces wounded two children and killed over a dozen people, including the father of those children and two Reuters employees.
Ethan Mccord and Josh Stieber deployed to Baghdad with Bravo Company 2-16 in 2007. Ethan was on the ground at the scene of the shooting, and is seen on the video rushing one of the injured children to a U.S. Vehicle; “When I saw those kids, all I could picture was my kids back home”. Ethan applied for mental health support following this incident and was denied by his commanding officer. Read More Here
(StopNato) – NATO: Pentagon’s Gateway Into Former Warsaw Pact, Soviet Nations – Rick Rozoff
The North Atlantic Treaty Organization was founded in April of 1949 by a country not on the European continent, the United States, and eleven subordinates which had fought on both sides of the World War that had ended four years earlier: Belgium, Britain, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway and Portugal. Greece and Turkey were added in 1952 after their service in the Korean War and West Germany joined in 1955. Read More Here
(TheIndependent) – Afghanistan: A conspiracy of silence
An IoS poll shows 77 per cent of Britons want our forces to come home and a majority believe our presence makes UK streets less safe from terrorist attack. Yet all three parties are ducking this most critical issue Read More Here
(MinorityPerspective) – Iran rightfully calls for America to be suspended from IAEA
The leader of Iran Mahmoud Ahmadinejad has rightfully called on the International Atomic Energy Agency (IAEA) to suspend America for constantly threatening to use nuclear weapons against his country and other states; and his bold stance could be a significant opportunity for the non-European world to stand up to western terrorism. Read More Here
(RussiaToday) – Video: Chossudovsky: Obama, Not Osama, is Threat Number One to Global Security -Read the rest of this entry »
As reported here, here, here, here, here, here, here, here, and here, Army Lt. Col. Terrence Lakin said he is willing to risk a court-martial in order to determine whether or not Resident Obama is eligible to serve as POTUS and Commander in Chief. Lt. Col. Lakin is the lead flight surgeon charged with caring for Army Chief of Staff General George W. Casey’s flight crew. Read the rest of this entry »
As reported here, here, here, here, here, here, here, here, and here, Army Lt. Col. Terrence Lakin said he is willing to risk a court-martial in order to determine whether or not Resident Obama is eligible to serve as POTUS and Commander in Chief. Lt. Col. Lakin is the lead flight surgeon charged with caring for Army Chief of Staff General George W. Casey’s flight crew. Read the rest of this entry »
(Wimp) – Video: Visualizing Obama’s budget cuts. – Video Link Here
(TheMarketGuardian) – Germany To Add To Goldman’s Headaches, Prepares To Sue Firm – Read More Here
(NorthJersey) – Foreclosures up 33% in new jersey, OUTPACING national rate
What’s new: Foreclosure filings in New Jersey rose 33 percent in the first quarter of 2010, compared with the same period in 2009, according to RealtyTrac, a California company that follows the foreclosure market. Read More Here
(DrHousingBubble) – California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Employment Recovering Read More Here
(Examiner) – CMKM Diamonds and the $3.87 trillion lawsuit you didn’t hear about
As the United States continues to fracture in every way imaginable, most citizens are unable to keep up with the never-ending hodgepodge of government corruption. Each day, a new larger-than-life scandal emerges, and in the short mind span of news media, there is always a bigger and better story to chase. Right now, the hot button issue for mainstream news outlets is healthcare reform, and its myriad implications for our society; this doubtlessly ensures the aforementioned media will continue to overlook unprecedented accusations brought forth in a recent $3.87 trillion lawsuit against U.S. Securities and Exchange Commission Chairman Mary L. Shapiro, as well as several other current and former SEC commissioners, among others. Read More Here
(MyBudget360) – Stock Market Hustle – Three Ways Wall Street has Created a New American Serfdom. The Overly Expensive Mortgage Deduction, Wall Street Pseudo-Rally, and Attacking the Poor Read More Here
(ZeroHedge) – Step Aside Roubini – FX Concepts’ John Taylor Is The New Dr. Doom: “2011 Will Be Worse Than 2008″ – Read More Here
(JSMineSet) – The Weakness In Gold That Isn’t
Let no weakness in gold disturb you at this time. – Read More Here
(Reuters) – UPDATE 3-Germany, UK demand Goldman Sachs probe
Germany and the U.K. will seek details from the U.S. Securities and Exchange Commission (SEC) about the activities of Goldman Sachs Group Inc., (GS.N) as a prelude to potential legal steps following a U.S.-led fraud investigation. Read More Here
(Bloomberg) – EU’s Investigation of Goldman Will Be ‘Profound,’ Rehn Says
The European Union investigation into Goldman Sachs Group Inc.’s role in providing swaps to the Greek government to help reduce its budget deficit will be “profound and thorough,” EU Monetary Affairs Commissioner Olli Rehn said. Read More Here
(EconomicTimes) – British FSA launches probe into Goldman ops: Report
The British financial regulator FSA has started a probe into the London operations of Goldman Sachs, following the charges of fraud slapped by the US markets watchdog against the Wall Street giant. Read More Here
(WashingtonsBlog) – Even Clinton Slams Clinton Retreads: Summers and Rubin Must Go
Clinton told ABC that Rubin and Summers were wrong on derivatives:
On derivatives, yeah I think they were wrong and I think I was wrong to take [Summers and Rubin's advice] because the argument on derivatives was that these things are expensive and sophisticated and only a handful of investors will buy them and they don’t need any extra protection, and any extra transparency. The money they’re putting up guarantees them transparency.
“And the flaw in that argument was that first of all sometimes people with a lot of money make stupid decisions and make it without transparency. Read More Here
(RussiaToday) – Video: Gerald Celente – Economic recovery a cover up – Video Link Here
(MarketWatch) – Ashes of subprime volcano fall on Wall Street
It was mostly smooth sailing for stocks during the first week of earnings until Friday, when news of Goldman Sachs’ troubles with regulators cast over Wall Street a cloud of uncertainty almost as thick as the volcanic ash above Iceland. Read More Here
(MorningNewsBeat) – FMI Attacks New Swipe Fees Instituted By Visa
The Food Marketing Institute (FMI) has lambasted Visa’s plan to increase by nearly 30 percent the swipe fees retailers have to pay when customers use PIN debit cards, beginning today. Read More Here
(Guardian) – London Observer: Now we know the truth. The financial meltdown wasn’t a mistake – it was a con
Hiding behind the complexities of our financial system, banks and other institutions are being accused of fraud and deception, with Goldman Sachs just the latest in the spotlight. This has become the most pressing election issue of all. Read More Here
(MailOnline) – Proof speed cameras exist to rake in money as receipts finally fall
Motorists have been hit with speeding tickets worth almost £1billion under Labour, a report shows. Read More Here
(ReutersBlog) – Europeans won’t be amused by alleged Goldman scam
Europeans won’t be amused by the alleged Goldman Sachs scam. ABN Amro, and therefore ultimately Royal Bank of Scotland, ended up losing $841 million in the allegedly fraudulent collateralised debt obligation investment concocted by the investment bank. Meanwhile, IKB, the bust German bank, lost nearly $150 million. Read More Here
(Fox) – Video: Cap and Trade is NOT DEAD, What it Will Cost You? – Is Obama Trying to Destroy the U.S ?? -Read the rest of this entry »
(GlobalResearch) – As the western world is thrown into debt bondage and the harsh reality of the draconian economic ‘reforms’ to follow, a social collapse seems increasingly inevitable. We will soon witness the collapse of western ‘civilization’. The middle classes of the west will dissolve into the lower labour class. The wealthy class, already nearly at par with the middle class in terms of total consumption, will become the only consuming class. Read More Here
(BeforeItsNews) – Mark of the Beast now available in Invisible to the eye INK?
The process developed by Somark involves a geometric array of micro-needles and an ink capsule, which is used to ‘tattoo’ an animal. The ink can be detected from 4 feet away.
A startup company developing chipless RFID ink has tested its product on cattle and laboratory rats. Read the rest of this entry »
(TimesOnline) – The number of people and vehicles stopped and searched in England and Wales under controversial counter-terrorism laws soared by two thirds in a year, according to figures published today.
In spite of the jump in stop and searches hardly any resulted in a charge or even an arrest. Read the rest of this entry »
(KurtNimmo) – If you listen to Chris Matthews and MSNBC, you’d think the Tea Party movement is strictly white and teaming with racists.
The corporate media pushes this fallacy because it is the only card they have to play and because racism is such a divisive issue. If the establishment can portray the Tea Party movement as racist, they believe they can shut it down and marginalize its message. Read the rest of this entry »
(PressTV) – Alex and Max discuss bankster scams, including the wholesale looting of pension funds and the engineered failure of national economies. Read the rest of this entry »
(NaturalNews) – Did you ever wonder how health insurance companies drum up future business? It’s easy: Just invest in companies whose products cause chronic degenerative disease, driving people towards more health care needs and therefore more health insurance. Read the rest of this entry »
Some say that you can “vote with your feet” — a phrase popularized by Ronald Reagan (most often taken out of context) in 1976 and a philosophy some attribute to Ayn Rand which was alluded to in Atlas Shrugged. Nevertheless, taken for only the meaning of the phrase in itself, it is questionable whether that philosophy exists today or if it is even plausible. Others say, “All politics are local,” a catchphrase quote from Democrat Thomas O’Neill. However catchy these phrases might be, they are hardly true if we stare realism in the face. Read the rest of this entry »
(PressTV) – NATO statistics show that Afghan civilians killed by foreign forces have more than doubled this year compared to the same period a year ago.
According to the figures released by the International Security Assistance Forces, NATO troops killed 72 Afghan civilians in the first three months of 2010 — up from 29 in the same period last year. Read the rest of this entry »
(LondonGuardian) – Baking surveillance, control and censorship into the very fabric of our networks, devices and laws is the absolute road to dictatorial hell. Read the rest of this entry »
(NewWorldOrderInformation) – News about Goldman Sachs Shouldn’t Surprise You
The announcement today that the Securities and Exchange Commission sued Fabrice Tourre, a Goldman Sachs vice president for fraud should not surprise you. I have warned the readers of this blog and elsewhere for years about the fraud and corruption in our financial markets and how the international banksters have been stealing your money. Read More Here
(NYTimes) – Investor Who Made Billions Not Targeted in Suit
Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street. Read More Here
We expected Dylan to explode during today’s show. We were disappointed as he somehow managed to contain it, and did a pretty good recap of the Goldman affair (if a little too many matchbox cars on the show for our taste). Read More Here
(NewsMax) – Soros: Euro, EU Will Collapse if Germany Doesn’t Make Concessions
Billionaire financier George Soros thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, he told a newspaper. Read More Here
Goldman knowingly pitched worthless mortgage securities to clueless investors who took more than a billion dollar bath. The SEC and anybody who has two brain cells to rub together know this is massive criminal fraud. Read More Here
(AP) – 8 banks close in Calif., Fla., Mass., Mich., Wash.
Regulators on Friday shut down eight banks — three in Florida, two in California, and one each in Massachusetts, Michigan and Washington — putting the number of U.S. bank failures this year at 50. Read More Here
(TheGlobeAndMail) – Canada’s brewing debt storm
For every $1 of disposable income, Canadians owe a record $1.47. How did it come to this? Read More Here
(ProPublica) – Other Major Banks Did Deals Similar to Goldman’s
As you may have heard, Goldman Sachs is being sued for fraud [1] by the Securities and Exchange Commission [2] for allegedly misleading investors about a deal that Goldman helped structure and sell. In the civil suit, the SEC specifically faulted Goldman for failing to disclose that a hedge fund was helping create the investment while betting big the deal would fail. Read More Here
(NYTimes) – Investor Who Made Billions Not Targeted in Suit
Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street. Read More Here
(BoingBoing) – The MPAA and RIAA have submitted their master plan for enforcing copyright to the new Office of Intellectual Property Enforcement. As the Electronic Frontier Foundation’s Richard Esguerra points out, it’s a startlingly distopian work of science fiction. The entertainment industry calls for:
spyware on your computer that detects and deletes infringing materials;
mandatory censorware on all Internet connections to interdict transfers of infringing material;
border searches of personal media players, laptops and thumb-drives;
international bullying to force other countries to implement the same policies;
and free copyright enforcement provided by Fed cops and agencies (including the Department of Homeland Security!).
(Telegraph) – The former CIA chief, Porter Goss, approved a 2005 decision to destroy 92 tapes showing US agents waterboarding two terrorism suspects, according to newly released internal emails. Read the rest of this entry »
