TSA Workers Admit To Stealing Huge Amounts Of Cash From Passengers
The revelation that TSA workers have admitted to stealing huge amounts of cash from passengers they singled out for enhanced security screening is far from an isolated incident, and underscores how armies of degenerates are being employed by the federal government to push around and dominate members of the public going about their daily business.
Drug lobby showers money on its hero Harry Reid
No scalp would be as treasured by Republicans this fall as that of Senate Majority Leader Harry Reid. And no incumbent is receiving as much air support from the drug industry as is Reid, who championed a health care bill that pads drug company profits.
The drug lobby has begun a pro-Reid TV blitz in his home state of Nevada. One ad praises Reid for saving jobs and for understanding that “good jobs with good benefits [mean] a better future.” The narrator then instructs viewers to “call Harry Reid today; tell him to keep fighting for Nevada families.”
Taking Back the Money Power: How Hidden Pools of Government Money Could Help Save the Economy
by Ellen Brown
For over a decade, accountant Walter Burien has been trying to rouse the public over what he contends is a massive conspiracy and cover-up, involving trillions of dollars squirreled away in funds maintained at every level of government. His numbers may be disputed, but these funds definitely exist, as evidenced by the Comprehensive Annual Financial Reports (CAFRs) required of every government agency. If they don’t represent a concerted government conspiracy, what are they for? And how can they be harnessed more efficiently to help allay the financial crises of state and local governments?
The Elusive CAFR Money
Burien is a former commodity trading adviser who has spent many years peering into government books. He notes that the government is composed of 54,000 different state, county, and local government entities, including school districts, public authorities, and the like; and that these entities all keep their financial assets in liquid investment funds, bond financing accounts and corporate stock portfolios. The only income that must be reported in government budgets is that from taxes, fines and fees; but the investments of government entities can be found in official annual reports (CAFRs), which must be filed with the federal government by local, county and state governments. These annual reports show that virtually every U.S. city, county, and state has vast amounts of money stashed away in surplus funds. Burien maintains that these slush funds have been kept concealed from taxpayers, even as taxes are being raised and citizens are being told to expect fewer government services.
Red Cross scam in Haiti? Time to Investigate the Red Cross
The Red Cross raised over $450 million on behalf of victims of the catastrophic earthquake in Haiti.
They say they’ve spent $106 million.
A Haitian goes in search of evidence that the money was spent to help Haitians.
What about the other $344 million. The Red Cross says it has “long term” plans for that money.
Long term plans when there are people going without food, water, medical care and basic tent housing.
Isn’t it about time some Red Cross people went to jail for fraud?
Two groups we know and have faith in:
Editor’s note: In my “former life” of fund raising, in the weeks after the Indonesian Tsunami, I organized a fund raiser called “Open Your Hearts”. I gathered a wide range of organizations to support the gala event and raised $50,000.
Out of all the details involved with such an effort, can you guess what was the most difficult?
WILL HOLLYWOOD GO THE WAY OF ENRON? DERIVATIVES COME TO THE MOVIES
by Ellen Brown
May 3rd, 2010
Hat tip: web of debt
As if attacks from paparazzi and star-crazed fans weren’t enough, Hollywood stars may soon have a literal price put on their heads by investors in the Cantor Exchange, a real-money trading platform where people can bet on the gross profits of upcoming movies. Sales of The Dark Knight skyrocketed after Heath Ledger died unexpectedly, and so did sales after the deaths of Michael Jackson, Elvis Presley and Marilyn Monroe. Will greed-driven investors now be laying in wait for the stars of movies they have bet on?
The Cantor Exchange (CE) is based on a virtual trading platform called the Hollywood Stock Exchange (HSX), a web-based, multiplayer simulation in which players buy and sell “shares” of actors, directors, upcoming films, and film-related options. The difference is that where the HSX uses virtual money, CE will turn the game into a real casino using real dollars.
On April 21, Cantor Exchange reported that it had just received regulatory approval from the Commodity Futures Trading Commission (CFTC), which oversees futures exchanges. “This is a significant step forward in achieving our ultimate goal,” it said in a letter, “which is to launch a market in Domestic Box Office Receipt Contracts.”
Having “contracts” out on movies and movie stars, however, has an ominous ring; and the Motion Picture Association of America (MPAA) apparently doesn’t like the sound of it. The Cantor letter said that its tentative launch date of April 22 was being delayed because the MPAA and others “raised concerns about the economic purpose of this market and its usefulness as a hedging vehicle.”
The legitimate hedgers, the moviemakers and equity holders with a real financial interest to protect, don’t want it. But Cantor is pushing forward, because gambling is big business and there are vast sums of money to be made.
Gambling casino shoved down our throat
by James R. Hanson
If you’re not overwhelmed by the temporary construction jobs they will provide, and believe in a respectable future for the state, you will picture those four gambling derricks with their money-sucking pumps working 24 hours a day, seven days a week, to pull income out of Ohioans’ purses to permanently shrink Ohio’s economic and moral stature. Even Atlantic City casinos are having a hard time. Ohio casinos will suck Ohio money. Money that won’t be there for something else.
We’ve already been taken for a ride and our constitution perverted. Not a single Central Ohio county voted to have a money-sucker but we got one anyway, done by outsiders who spent a huge amount of money to get it done, with the idea they would make it the central attraction of the Arena District–a place for families and sports fans with an atmosphere that has been conscientiously built upon for several years now. It would be like putting a python in the pen with your golden retriever just to watch the fun.
Issue 2 should be voted down because it is not the issue that should be on the ballot next Tuesday. It should have been one to give Central Ohio a chance to reject a casino by changing last fall’s constitutional amendment to eliminate the Columbus location, period.
John Kasich, GOP candidate for governor, favors Issue 2, he says, because “It does not expand gambling in any way. I support Issue 2 because it permits local control of economic development in the community.”
Defense Spending Is Much Greater than You Think
By Robert Higgs When President Obama presented his budget recently for fiscal year 2011, he proposed that the Pentagon’s outlays be increased by about 4.5 percent beyond its estimated outlays in fiscal 2010, to a total of almost $719 billion. Although many Americans regard this enormous sum as excessive, few appreciate that the total amount [...]
Our Enemy, the Central Bank
by Geoffery S. Shough
hat tip: GeofferyShough.wordpress.com
“There are a thousand hacking at the branches of evil to one who is striking at the root.” —Thoreau
For the past century, a general trend has taken shape in America where Americans are finding it harder and harder to make ends meet. There was a time in this country when only one member of the average household needed to work in order to support a family, and now it is not uncommon to have both adults in the household working to support their families. To make matters worse, many of the products we buy are declining in quality, and in many cases these same products are becoming more expensive. America has gone from a nation of savers and producers to a nation of debtors and consumers.
There are many explanations behind why this trend is occurring in America, but the most cogent among them is that the Central Bank, called the Federal Reserve (Fed), through its ineptitude in managing monetary policy, produces a hidden tax and causes serious imbalances in the economy with long term and far reaching effects.
Student Loans: The Government Is Now Officially in the Banking Business
Tuesday 30 March 2010
by: Ellen Brown
hat tip: t r u t h o u t
(Photo: Julio Ibarra Photographer; Edited: Jared Rodriguez / t r u t h o u t)
“We say in our platform that we believe that the right to coin money and issue money is a function of government…. Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson … and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.”
- William Jennings Bryan, Democratic Convention, 1896
William Jennings Bryan would have been pleased. The government is now officially in the banking business. On March 30, 2010, President Obama signed the reconciliation “fix” to the health care reform bill passed by Congress last week, which includes student loan legislation called by the President “one of the most significant investments in higher education since the G.I. Bill.” Under the Student Aid and Fiscal Responsibility Act (SAFRA), the federal government will lend directly to students, ending billions of dollars in wasteful subsidies to firms providing student loans. The bill will save an estimated $68 billion over 11 years.
Money for the program will come from the US Treasury, which will lend it to the Education Department at 2.8 percent interest. The money will then be lent to students at 6.8 percent interest. Eliminating the middlemen allows the Education Department to keep its 4 percent spread as profit, money that will be used to help impoverished students. If the Department were to actually set up its own bank, on the model of the Green Bank being proposed in the Energy Bill, it could generate even more money for higher education.
Truth Has Fallen and Taken Liberty With It
By paul craig roberts
There was a time when the pen was mightier than the sword. That was a time when people believed in truth and regarded truth as an independent power and not as an auxiliary for government, class, race, ideological, personal, or financial interest.
Today Americans are ruled by propaganda. Americans have little regard for truth, little access to it, and little ability to recognize it.
Truth is an unwelcome entity. It is disturbing. It is off limits. Those who speak it run the risk of being branded “anti-American,” “anti-semite” or “conspiracy theorist.”
Truth is an inconvenience for government and for the interest groups whose campaign contributions control government.
Truth is an inconvenience for prosecutors who want convictions, not the discovery of innocence or guilt.
Truth is inconvenient for ideologues.
Today many whose goal once was the discovery of truth are now paid handsomely to hide it. “Free market economists” are paid to sell offshoring to the American people. High-productivity, high value-added American jobs are denigrated as dirty, old industrial jobs. Relicts from long ago, we are best shed of them. Their place has been taken by “the New Economy,” a mythical economy that allegedly consists of high-tech white collar jobs in which Americans innovate and finance activities that occur offshore. All Americans need in order to participate in this “new economy” are finance degrees from Ivy League universities, and then they will work on Wall Street at million dollar jobs.
Economists who were once respectable took money to contribute to this myth of “the New Economy.”
