I don’t know what to say By Jerry Mazza

By Jerry Mazza
Featured Writer
Dandelion Salad
crossposted at Online Journal
www.jerrymazza.com
March 12, 2009

After all is said and done, having studied the various plans to bail out banks, buy their toxic assets and bail out AIG again, plus stabilize world currencies, I don’t know what to say. The culprits who generated the debt are still among us, with an itchy trigger finger to create more. I’m waiting for the financial mafia roundup, like that huge Apalachian Meeting bust in the 1950s.

It was as Wiki tells us

“a historic summit of the American Mafia held on November 14, 1957, at the home of mobster Joseph “Joe the Barber” Barbara in Apalachian, New York. It was attended by roughly 100 mafia crime bosses from the United States, Canada and Italy. Expensive cars with license plates from around the country aroused the curiosity of the local and state law enforcement, who raided the meeting, causing mafiosi to flee into the woods and the surrounding area of the Apalachian estate. Over 60 underworld bosses were detained and indicted due to the disastrous meeting.

“The direct and most significant outcome of the Apalachin meeting was that it helped to confirm the existence of a National Crime Syndicate, which some — including J. Edgar Hoover, head of the Federal Bureau of Investigations — had long refused to acknowledge.”

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The CIA responds to Seymour Hersh (via MinnPost) By Eric Black

Dandelion Salad

By Eric Black
MinnPost
Thu, Mar 12 2009 1:53 pm

“Utter nonsense,” is the quote from CIA spokester George Little.

In case you’re out of context, I wrote yesterday about comments famed investigative reporter Seymour Hersh made Tuesday night at the U of M, which included a description of a story he is working on that he said would show that “the Central Intelligence Agency was very deeply involved in domestic activities against people they thought to be enemies of the state. Without any legal authority for it. They haven’t been called on it yet. That does happen.”

[…]

via MinnPost – The CIA responds to Seymour Hersh (via MinnPost)

h/t: CLG

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Countdown: Cheney’s Secret Assassination Ring

Countdown: Hersh’s mention of Cheney “Hit Squads” + How HIGH Is Ari Fleischer?

Investigative reporter Seymour Hersh describes ‘executive assassination ring’ By Eric Black

Crime and or Corruption

Countdown: Cheney’s Secret Assassination Ring

Dandelion Salad

heathr456

Keith talks to Howard Fineman about Sy Hersh’s claim that Cheney was running a secret assassination ring.

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Countdown: John Dean on the Sy Hersh Claim of Cheney Assassination Ring Continue reading

Kucinich: Banks Are Loaning Our Money To Foreign Countries Instead Of Americans! + Banking Bailout Oversight Hearing

Dandelion Salad

Financial Stability Measures Oversight

C-SPAN
March 11, 2009
Pt 1

http://www.c-span.org/video/?284565-1/financial-stability-measures-oversight-part-1

March 12, 2009
Pt 2

http://www.c-span.org/video/?284565-4/financial-stability-measures-oversight-part-2 Continue reading

Reforming the Global Financial System – Flushing the Parasites By Nikki Alexander

Here is the revised article: Restoring our Financial Sovereignty: A New Monetary System by Nikki Alexander

By Nikki Alexander
Featured Writer
Dandelion Salad
March 12, 2009

Prologue

When Benjamin Franklin was called before the British Parliament in 1757 and asked to account for the prosperity in the American colonies. He replied, “That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.” It was the struggle for financial sovereignty that precipitated the American Revolution when the (Rothschild) Bank of England forced the colonists to give up their own currency.

That war never ended.

Throughout his political life Thomas Jefferson fought off the covert attempts of European bankers to control the nation’s money supply through a privately-owned central bank. Andrew Jackson succeeded in defeating these racketeers, nationalizing the banks and paying off the public debt. Our country then flourished without inflation. When Abraham Lincoln issued ‘greenbacks’ that deprived private bankers of their monopoly control of the nation’s money supply he was assassinated. The international bankers battled for more than a century to establish a private central bank in the United States with the exclusive right to print their own fiat notes and exchange them for government debt. They succeeded in 1913 with The Federal Reserve Act, a covert coup that authorized a private central bank to create money out of nothing, lend it to the government with interest and control the national money supply, expanding or contracting it at will. Representative Charles Lindbergh called the Act “the worst legislative crime of the ages.” Fifty years later, President John F. Kennedy almost restored our Constitutional monetary system when he issued debt-free Treasury Notes. He too was assassinated.

The Systemic Usury Parasite

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Financial Meltdown: Haircut Time for Bondholders by Mike Whitney

Dandelion Salad

by Mike Whitney
Global Research, March 12, 2009

“The only function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith

When George Soros recently said that the financial system had “effectively disintegrated”, it caused quite a flap. But Soros was not exaggerating. The financial system has disintegrated. What we are experiencing now is just the fallout from that event. This is easier to understand by using an analogy. Imagine watching the demolition of a hundred-story skyscraper. After the explosives detonate and the building implodes, the chunks of debris and the shattered glass begin to fall to the ground below. That’s where we are right now. The financial super-structure has already been blown to bits, but a thick shower of fragments keeps raining down on earth. Rising unemployment, falling consumer confidence, severe contraction of the economy, growing pessimism; these are all the knock-on effects of a full-blown system collapse.

Take a look at this chart and you’ll see what I mean. The chart explains in simple, graphic terms everything that one needs to know about the financial crisis.

chart

As you can see, the upper part of the graph disappears in 2008, as though it was surgically removed.  That is because in 2008, the source of funding for residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), consumer asset-backed securities (which include everything from student loans, credit cards, and auto loans) and home equity loans has almost completely dried up. In fact, all that’s left of the previously vibrant credit markets, is the agency mortgage-backed securities sold through Fannie Mae and Freddie Mac which rely exclusively on government funding. Apart from government sponsored GSEs, their is no mortgage credit.

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“America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” Radio Interview with Michel Chossudovsky

Dandelion Salad

Hope you are paying attention now.  ~ DS

by Bonnie Faulkner
Global Research, March 12, 2009
KPFA Pacifica Guns and Butter

Click to Play (link to KPFA Pacifica Guns and Butter): Continue reading

Mosaic News – 3/11/09: World News From The Middle East

Dandelion Salad

Warning

This video may contain images depicting the reality and horror of war/violence and should only be viewed by a mature audience.

linktv

Mosaic needs your help! Donate here: http://linktv.org/contribute

“US Not Winning the War in Afghanistan,” Al Jazeera English, Qatar
“ECO Summit Opens in Tehran,” Dubai TV, UAE
“Qaddafi the Mediator in Mauritania,” Al Jazeera TV, Qatar
“Sudan Can Fill the Vacuum Created by Expelled Foreign NGOs,” Sudan TV, Sudan
“Al Qaeda Members on Trial in Yemen,” Al Arabiya TV, UAE
“Arab Journalists Support the “Shoe Hurler,” New TV, Lebanon
“Israel Faces Worst Recession in Years,” IBA TV, Israel
“Celebrating the Prophet’s Birthday in Morocco,” Al-Alam TV, Iran
Produced for Link TV by Jamal Jajani.

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Shoe Throwing Journalist Gets 3 Year Sentence

Dandelion Salad

VOTERSTHINKdotORG

http://cspanjunkie.org/

March 12, 2009 BBC

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more about “Shoe Throwing Journalist Gets 3 Year …“, posted with vodpod

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Iraqi journalist jailed for Bush shoe attack – 12 Mar 09

AlJazeeraEnglish

The Iraqi journalist who threw his shoes at George Bush, the former US president, has been sentenced to three years in jail. Continue reading

William Fallon, Ex-US head in Afghanistan speaks on tactics

Dandelion Salad

AlJazeeraEnglish

Taliban fighters have told Al Jazeera they welcome the extra 17,000 US troops being deployed to Afghanistan and will relish the battle. On Tuesday US vice-president Joe Biden said the war there was not being won and called on Nato for additional help. Retired Admiral William Fallon, the former US commander in Iraq and Afghanistan told Al Jazeera about US tactics against the Taliban.

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Chomsky: State intervention common in ‘free market’

Dandelion Salad

Press TV
Wed, 11 Mar 2009 06:43:13 GMT

Noam Chomsky says that there has always been economic intervention by the state in the so-called free market economy countries.

In an exclusive interview with Press TV, Chomsky was asked why economic analysts did not predict the latest economic crisis.

Chomsky replied that many economists predicted such a crisis in the 1970s after the financialization of the economy.

He went on to say that in the post-World War II era, the Bretton Woods system was established, which allowed currency speculation and huge flows of capital, to the detriment of industrial production.

Chomsky explained that over the past two decades, countries like China experienced breakneck economic growth through export orientation and the rejection of Washington’s neoliberal rules, which surprised economic analysts.

Asked about the recent bailouts in the US and Europe and the fact that state intervention is contrary to a free market economy, Chomsky replied that there has always been economic intervention by the state in rich countries but this was never openly acknowledged.

[…]

via Press TV – Chomsky: State intervention common in ‘free market’

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Scott Horton interviews Noam Chomsky: The roots of U.S. imperialism

Nouriel Roubini: Recession Will Last 36 Months

Social Collapse Best Practices by Dmitry Orlov

The Economy Sucks and or Collapse 2

Why the U.S. Under Obama Is Still a Dictatorship By Andy Worthington

Dandelion Salad

By Andy Worthington
ICH
March 10, 2009 “fff

Two weeks ago, when the Obama administration announced that it was bringing to an end the disturbing isolation endured by Ali al-Marri, a U.S. resident who has been held without charge or trial for seven years and two months — and who, most worryingly, has spent the last five years and nine months as an “enemy combatant” in solitary confinement in the Naval Consolidated Brig in Charleston, South Carolina — it was clear that one of the Bush administration’s most arrogant and un-American policies was coming to an end.

President Obama clearly regarded al-Marri’s imprisonment as significant, as he issued a presidential memorandum on his second day in office ordering the Justice Department to review the Qatari national’s case, and the announcement that al-Marri was to be moved out of his seemingly endless legal limbo and into the federal court system demonstrated that, in this specific case at least, the president was sticking to his word.

However, what worried al-Marri’s lawyers — and those, like myself, who have been following his case closely — was that the president’s decision would also bring to an end al-Marri’s pending Supreme Court challenge, in which the nation’s most powerful judges were scheduled to review whether or not the president — any president, not just a member of the Bush family — had the right to designate as an “enemy combatant” any person accused of terrorism arrested on American soil, whether a citizen or a resident, and to imprison them indefinitely without charge or trial.

[…]

As a result, you may be thinking that the president no longer has the power to hold Americans without charge or trial as “enemy combatants,” but if this is the case then you may be — and should be — dismayed to learn that a previous ruling to this effect still stands, which was not addressed by the Supreme Court, and which has not been addressed by the Obama administration either.

[…]

via Why the U.S. Under Obama Is Still a Dictatorship

FAIR USE NOTICE: This blog may contain copyrighted material. Such material is made available for educational purposes, to advance understanding of human rights, democracy, scientific, moral, ethical, and social justice issues, etc. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

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Supreme Court Vacates Decision Giving President Indefinite Detention Power In Al-Marri Case

Guantánamo: The Definitive Prisoner List by Andy Worthington