by Greg Palast
September 22, 2009
For The Huffington Post
I still get a thrill whenever I get my hands on a confidential memo with “The White House, Washington” appearing on the letterhead. Even when—like the one I’m looking at now—it’s about a snoozy topic: This week’s G-20 summit.
But the letter’s content shook me awake, and may keep me up the rest of the night.
The 6-page letter from the White House, dated September 3, was sent to the 20 heads of state that will meet this Thursday in Pittsburgh. After some initial diplo-blather, our President’s “sherpa” for the summit, Michael Froman, does a little victory dance, announcing that the recession has been defeated. “Global equity markets have risen 35 percent since the end of March,” writes Froman. In other words, the stock market is up and all’s well.
by Rick Rozoff
September 22, 2009
Pentagon’s Global Mission To Secure Oil And Gas Supplies
The Stockholm International Peace Research Institute’s 2009 Year Book documented that international military expenditures for 2008 reached $1.464 trillion. The denomination in dollars is germane as the United States accounted for 41.5 percent of the world total.
Earlier this month the Congressional Research Service in the U.S. reported that American weapons sales abroad reached $37.8 billion, or 68.4 percent of all global arms transactions. The next largest weapons supplier was Italy at $3.7 billion, less than one-tenth the U.S. amount. Russia was third at $3.5 billion. The Stockholm International Peace Research Institute, however, asserted that Germany had superseded Britain and France and become the world’s third largest weapons exporter.
Western nations in general and the U.S. overwhelmingly among them dominate the global arms market.
by Dr. Ellen Brown
Sept 22, 2009
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound.