May 15th, 2013
Financial privacy free of government intrusion and interference is dead.
In what seems to be the government’s latest attack on private transactions between individuals, the Department of Homeland Security has shut down funds transfers operated by mobile processing platform Dwolla, which is responsible for managing transfers for the BitCoin digital currency exchange.
Details are still sparse, but a spokesperson for U.S. Immigration and Customs Enforcement (ICE) confirms that an investigation is [...]
April 2, 2013
Pro-military lawmakers and U.S. analysts want the White House to resist shifting the CIA’s armed unmanned aircraft program to the Pentagon, citing operational and legal reasons to keep the spy agency in the targeted-killing business.
The Obama administration is mulling whether placing the U.S. military in charge of all aerial drone strikes — largely run by the CIA in the post-9/11 era — would allay intensifying legal concerns while [...]
Chris Whalen is one of America’s top banking analysts.
Nouriel Roubini notes:
Chris Whalen is one of the leading independent analysts of the US banking and financial system.
Whalen notes today that the big American banks get a subsidy in excess of $780 billion dollars per year.
Specifically, Whalen estimates the following types of subsidies to the giant banks:
$360 billion in Federal Reserve subsidies, by creating an artificial “spread” in interest rates
$120 billion in federal deposit insurance [...]
Fool me once, shame on you. Fool me twice, shame on me.
That’s what I’d say to the Western governments currently planning an invasion of Syria under the pretense that Bashar al-Assad is readying the use of chemical weapons in the Syrian Civil War.
The Telegraph reports:
NBC News quoted an unnamed U.S. official as saying there was evidence that the bombs, loaded with the chemical weapon, could be dropped on the [...]
Last week’s news that the Bank of England had stopped Quantitative Easing early because it was not needed was a load of rubbish. The truth is that it was stopped early because MORE COUNTERFEITING WAS NEEDED, and the BOE figured out a way to directly monetize the debt, while out of public scrutiny.
QE will continue TO INFINITY….AND BEYOND!!! on both sides of the pond.
The MSM story actually comares the practice to Weimar [...]
How big mining deal will sabotage America
By Paul B. Farrell, MarketWatch
Yes, the proposed Export-Import Bank of the United States investment in a $10 billion Australian coal-mining deal is at best highly suspect, failing to use sound underwriting principles … too secretive for general public scrutiny … may contradict the best interests of American foreign policy.
And at worst, our Ex-Im Bank is putting hard-earned American dollars and credit [...]
2012 GOP presidential hopeful Mitt Romney has no love for the Obama administration’s proposed “Buffett rule,” which seeks to ensure that the wealthy can’t pay lower taxes than the middle-class. “Class warfare like some members of the administration want to do is simply the wrong way to go,” Romney said on Fox News.
Part of Romney’s problem in opposing the Buffett rule is that it likely applies to him. An analysis of [...]
While in office, Mayor Ray Nagin accepted a $50,000 payoff and shipments of free granite from city vendor Frank Fradella, and after leaving City Hall, he became a highly paid consultant to Fradella, according to court documents filed this morning. Fradella was in federal court to plead guilty to one count of securities fraud and one count of conspiring to bribe Nagin, described in court documents as “Public Official A.”
Federal judges approve about 30,000 secret warrants to spy on people in the USA every year, and the innocent probably will never know they were watched, says a U.S. jurist involved in issuing the orders.
Magistrate Judge Stephen Smith writes in a new paper, highlighted by Ars Technica, that the 2006 total outstripped the entire output of the Foreign Intelligence Surveillance Courtsince it was created in 1979, and the number is probably growing.
The secret [...]
GOP leadership in the House of Representatives announcedthat legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July. Honest-money advocates and pro-transparency activists celebrated the news as a historic opportunity to rein in the central bank, which has come under heavy fire — especially in recent years — for debasing the U.S. dollar, manipulating [...]
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Facebook just joined a “troubled club,” warns the Economist. Now it’s just another “endangered public company.”
Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 the past decade. Meanwhile, the smart CEOs and the Super Rich are “going private,” to avoid government red [...]
At a time Gov. Rick Perry has considerably stepped up his travel schedule, the Legislature on Tuesday amended a school finance bill to keep the details of the cost of his security team secret for 18 months.
At Perry’s urging, lawmakers inserted language into SB1 that will keep the details of travel vouchers submitted by his Department of Public Safety security team secret for 18 months [...]
Sarah Palin emails.
If you’re someone who loves poring over ancient emails, even if they’re not yours, today is The Big Day.
The state of Alaska has released 300 pounds of emails from Sarah Palin’s term as governor up there, from inauguration until shortly after that old geezer John McCain threw a Hail Sarah pass and picked her as his Republican VP partner in September 2008.
The GOP pair didn’t win.
Because Palin hasn’t [...]
WASHINGTON (AP) — Former presidential candidate John Edwards and federal prosecutors are arguing over whether funds used to cover up his extramarital affair were campaign contributions or just gifts from his longtime friends.
An indictment of the 2004 Democratic vice presidential nominee appeared near, but some people on both sides were still hoping Tuesday for a last-minute deal for Edwards [...]
by Sen. Bernie Sanders
At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I [...]
Prices of precious metals are bumping against their all time highs. The price of silver, for instance, has recently hit its 30 year highs and has gone parabolic. But it’s not just the price of silver that is going parabolic, as it turns out, so are government wages. Data from Moody’s analytics are showing that total government expenditure on [...]
We all know about TARP, the Troubled Asset Relief Program, where $700 billion dollars went to bail out the banks in 2008. That money was scrutinized by congress and the media, but it turns out that that $700 billion was just part of a much larger pool of money that has gone to propping up our nation’s financial system, and most of that taxpayer money hasn’t had much public scrutiny [...]
Excerpt follows with the link thereafterÃ¢â‚¬Â¦
“In private, reasonable discussions we were able to persuade our friends in the Senate to prevent votes on amendments hostile to our interests Ã¢â‚¬â€ the worst of which, I might add, was dreamed up by yet another female senator. But the minute a vote was held, and senators sensed the cameras watching, even our friends abandoned us to the mob. All of these people are [...]