1225 architectural and engineering professionals and 8839 other supporters including A&E students have signed the petition demanding of Congress a truly independent investigation.
The petition is open to everyone.
Monday, July 19, 2010
The art of war, who are the real artist?
Who stands to profit from war? The money lenders!
Gingrich Anti-War?
Posted by Lew Rockwell on July 15, 2010 09:05 AM
The neocon Newt is expressing doubts about Obama’s colonial war in Afghanistan. Not about the people killed nor the property destroyed, of course, but he worries that the war might be bad for the empire.
George Will and Tony Blankley have expressed similar doubts. Is this akin to the Republican comments during Clinton’s war on Serbia, just partisan blather? Or are these neocons worried that the imperial trouble in Afghanistan might hinder their planned next war of aggression, against Iran?
Bill Kristol claims that all these wars and more are doable, and demonizes dissent. But as Niall Ferguson points out, the US empire–with its crazed spending, debt, and money printing–is in danger of sudden collapse. And as he also points out, in these revolutionary wars, we are the Redcoats. (Thanks to Daniel)
The rape and pillage of the American citizenry!
The Con of the Decade Part I (July 8, 2010)
The con of the decade (Part I) involves the transfer of private debt to the public (the marks), who then pays interest forever to the con artists.
I've laid out the Con of the Decade (Part I) in outline form:
1. Enable trillions of dollars in mortgages guaranteed to default by packaging unlimited quantities of them into mortgage-backed securities (MBS), creating umlimited demand for fraudulently originated loans.
2. Sell these MBS as "safe" to credulous investors, institutions, town councils in Norway, etc., i.e. "the bezzle" on a global scale.
3. Make huge "side bets" against these doomed mortgages so when they default then the short-side bets generate billions in profits.
4. Leverage each $1 of actual capital into $100 of high-risk bets.
5. Hide the utterly fraudulent bets offshore and/or off-balance sheet (not that the regulators you had muzzled would have noticed anyway).
6. When the longside bets go bad, transfer hundreds of billions of dollars in Federal guarantees, bailouts and backstops into the private hands which made the risky bets, either via direct payments or via proxies like AIG. Enable these private Power Elites to borrow hundreds of billions more from the Treasury/Fed at zero interest.
7. Deposit these funds at the Federal Reserve, where they earn 3-4%. Reap billions in guaranteed income by borrowing Federal money for free and getting paid interest by the Fed.
8. As profits pile up, start buying boatloads of short-term U.S. Treasuries. Now the taxpayers who absorbed the trillions in private losses and who transferred trillions in subsidies, backstops, guarantees, bailouts and loans to private banks and corporations, are now paying interest on the Treasuries their own money purchased for the banks/corporations.
9. Slowly acquire trillions of dollars in Treasuries--not difficult to do as the Federal government is borrowing $1.5 trillion a year.
10. Stop buying Treasuries and dump a boatload onto the market, forcing interest rates to rise as supply of new T-Bills exceeds demand (at least temporarily). Repeat as necessary to double and then triple interest rates paid on Treasuries.
Bizarro Robin Hood set to steal from bank account owners and give to the government
Cameron Raids Dormant U.K. Accounts as Minister Attacks Banks
By Robert Hutton - Jul 19, 2010
U.K. Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects, while Business Secretary Vince Cable said lenders “ripped off” customers.
Cameron said he will press ahead with a proposal set out in the coalition government’s program to establish a “Big Society Bank” to finance moves by charitable groups and not-for-profit companies to take over jobs currently done by the government.
“These unclaimed assets, alongside the private-sector investment that we will leverage, will mean that the Big Society Bank will over time make available hundreds of millions of pounds of new finance to some of the most dynamic social organizations in our country,” Cameron said in a speech in Liverpool, northwest England, today
The regime takeover: HEALTH, FINANCE... NOW ENERGY!
Reid clears deck for energy reform bill
By Alexander Bolton - 07/19/10 06:00 AM ET
Senate and House Democrats are headed for a clash this week over funding for U.S. troops in Afghanistan, as Senate Majority Leader Harry Reid (D-Nev.) races to clear the schedule for long-awaited energy reform legislation.
The Senate and House are squabbling over $22.8 billion House appropriators added to the supplemental bill. House lawmakers note that it’s fully paid for with offsets, such as $11.7 billion in rescissions to government programs that no longer need funding.
Senate Democratic leaders, however, doubt the House bill can pass their chamber with the extra spending, including $10 billion for an Education Jobs Fund to save 140,000 school jobs over the next year.
Senate passage is complicated by a pending veto threat from President Obama. He objects to the House proposal to pay for the education fund by rescinding money for the administration’s “Race to the Top” initiative, which rewards academically improved schools with grants.
A Senate Democratic aide said leaders will nevertheless schedule a vote on the House legislation. If it fails, the aide said, “we’ll have to figure out what to do.”
Obama took over the auto industry and promptly shut down republican dealerships!
Govt watchdog criticizes handling of car dealers
By KEN THOMAS (AP)
WASHINGTON — The Treasury Department failed to consider the economic fallout when it told General Motors and Chrysler to quickly shutter many dealerships as part of government-led bankruptcies, a federal watchdog found.
A report released Sunday by the special inspector general for the government's bailout program raised questions about whether the Obama administration's auto task force considered the job losses from the closings while pressuring the companies to reduce costs.
Treasury didn't show why the cuts were "either necessary for the sake of the companies' economic survival or prudent for the sake of the nation's economic recovery," said the audit by Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, the $787 billion stimulus program known as TARP.
"Treasury made a series of decisions that may have substantially contributed to the accelerated shuttering of thousands of small businesses," investigators said.
Those decisions resulted in "potentially adding tens of thousands of workers to the already lengthy unemployment rolls — all based on a theory and without sufficient consideration of the decisions' broader economic impact," the report said.
ALERT: Did anti-Obama campaign contributions dictate which Chrysler dealers were shuttered?
Did Chrysler Kill “Republican” Dealers, Or What? | The Truth About ...
May 26, 2009 ... Wouldn't it be interesting if closed dealers lie in Democrat .... data and claim that it indicates dealerships owned by Republicans are more ...
Crouch: NAACP needs to take own advice, address Nation of Islam...
They are not blind in the sense that they can’t see, it’s just that they won’t see!
Is NAACP blind to Farrakhan & Co.? The Nation of Islam is built on racism and lies
Could the BP ruptured sea bed result in an (ELV) extinction level event?
Methane levels 'million times higher than normal': Texas A&M study
...levels only seen during mass extinction eventsSummary: Imagine a global catastrophe that could wipe out ninety percent of life in the oceans and seventy percent of land life. Just such a cataclysmic event, known as the Great Dying, happened on Earth 250 million years ago
Seep found near 'capped' well...
But late on Sunday, the U.S. government released a letter to BP Chief Managing Director Bob Dudley from retired Coast Guard Admiral Thad Allen that referred to seepage near the mile-deep (1.6 km-deep) well as well as "undetermined anomalies at the well head."
US Warns BP, but Allows Cap to Stay On
Late Sunday, Allen said a seep had been detected a distance from the busted oil well and demanded in a sharply worded letter that BP step up monitoring of the ocean floor. Allen didn't say what was coming from the seep.
BP, gov't disagree over keeping capped...
The Associated Press quoted an unnamed administration official as saying that the new cap was seeping and that "possible methane" had been detected near the broken well.LOUISIANA SEN.: OBAMA IS TRYING TO CONCEAL SPILL...
Sen. David Vitter (R-La.) told "Fox News Sunday" that President Barack Obama is focusing too much on concealing the BP oil spill, rather than the clean-up.
Sunday, July 18, 2010
The Kenyan president wants a new constitution, no, not Obama. The president of Kenya…
But the Kenyan president, Obama, is helping the president of Kenya!
EDITORIAL: The Kenya connection
Obama administration efforts in Africa may violate federal law
That hasn’t bothered him with anything else so far!
By THE WASHINGTON TIMES
The Kenyan president wants a new constitution, one that opens the door to abortion on demand. President Obama is willing to use U.S. taxpayer dollars to persuade voters to approve the updated governing document, which would loosen regulations designed to protect the unborn, establish Muslim family courts and create a right to homosexual marriage. It's not unusual that Kenyan President Mwai Kibaki would see enactment of the provisions as a "government project," but Mr. Obama is on shaky legal ground when he commits U.S. government resources to it.
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