Unchained: You Need To Watch This Video: ‘Who Are The Real Oppressors In Our Community?’

A new video from the Rebel Pundit shows several black Americans standing up against the Democrat machine that has for so long stolen their wealth, made them dependent on a corrupt system, and indentured them to a life of servitude.
It’s an amazing video that should be watched and shared by every American, but not because it shows African Americans attacking President Obama or their state and city legislators. Rather, it speaks volumes about the plight of all Americans, be they White, Hispanic, Asian, Native American or Black.
Our system of governance is corrupt, and despite calls from both parties for equal justice under the law, the only people who ever seem to benefit are the politicians and their cronies in business.
Some issues cross political parties and racial divides.

This post was published at shtfplan on October 28th, 2014.

The Schizomedia Does It Again

With QE3 about to wind down, some are declaring that the age of Quantitative Easing is finally over. These probably forgot they said the same thing when QE1, QE2 and Operation Twist ended. Clueless “expertise” aside, who can really blame them: by now it has become all too clear that the Fed itself has absolutely no idea what it is doing and has bet (all in) not only the (taxpayer) farm but all of (crony) capitalism, that it can solve every problem just by printing free wealth for 1% of the population while at the same time impoverishing the rest, leading to precisely the record inequality… that the Fed itself rails against.
A script worthy of a soap opera, one that Kim Jong Un would shoot you just for watching it.
But at least one entity has got the Fed all figured out and knows exactly what is going to happen next. The Media.
Actually, scratch that.
Here is Reuters from a few hours ago…

This post was published at Zero Hedge on 10/29/2014.

Chris Hedges: The Myth of a Free Press

The bias in the US media towards corporate and special interests is apparent in some sources more easily and readily than in others, especially if one has access and bothers to look at a broad base of international news sources.
The great change was institutionalized with the overturn of the Fairness Doctrine under Reagan in 1985 and the revoking of media ownership restrictions from 1934 and 1975 under the Clinton administration’s Telecommunications Act of 1996.
What has changed perhaps is the extreme marginalization of independent sources. For the most part media outlets declare themselves for one group or another. The bias of the financial media in policy issues has become so obvious and servile to its corporate interests that it is almost embarrassing. What is even more surprising is the reach of this sort of continuous advocacy journalism into ‘mainstream’ channels such as Fox and MSNBC that actively re-interpret reality to suit a class of viewers.
This balkanization of the issues attracts large classes of listeners into group think, and precludes any meaningful debate of the issues, even to the very framing of the questions and the issues, and ultimately their very perception of reality.

This post was published at Jesses Crossroads Cafe on 27 OCTOBER 2014.

Pensions and Private Equity – A Letter to the New York Times Editor

The ongoing racket between private equity firms and public pension funds in which they work together to earn billions of dollars in excessive fees at the expense of retirees across the country has been a key theme at Liberty Blitzkrieg this year. My most recent piece on the topic was published last week and titled, Another Pension Scandal – The Crony Love Affair Between North Carolina, Credit Suisse and Erskine Bowles.
Here’s an excerpt:
When it comes to how the U. S. economy of fraud functions in 2014, the following article has it all. A government official, a global investment bank and a businessman/politician, all working together to enrich themselves at the public’s expense. It demonstrates how big bucks are really earned by insiders in the new American Dream, characterized by extreme cronyism and corruption.

This post was published at Liberty Blitzkrieg on Oct 26, 2014.

Back To The Future Was Right: Hoverboards Are Just Around The Corner (video)

We are now less than a year away from the day when Robert Zemeckis and Michael J. Fox inspired an entire generation to expect nothing less from 2015 than flying cars. Sadly, as a result of the past 6 years of human “progress” being redirected to finding creative ways of preserving crony capitalism, the failed way of Keynesian life and masking insolvent banks as lipsticked pigs, the only automotive question we have of 2015 is whether there are any GM cars that haven’t been recalled; cars which one hopes will neverbe airborne. And yet, there is one aspect of 2015 that the Back to the Future trilogy may have gotten correct: that “other” thing which every 80’s kid wants to have more than anything: hoverboards.
As a recent Kickstarter campaign by Los Gatos, CA company Hendo claims, a campaign which has already raised well over $100,000 more than its goal of $250,000, the company is preparing to introduce “the world’s first REAL hoverboard and hover developer kit.”

This post was published at Zero Hedge on 10/25/2014.

21st Century Eugenics: Population Reduction Done Through Vaccine Poisons

Attitudes toward medical ailments and treatment vary widely, usually based upon the degree of trust in the type of health care practice that a patient believes to be the best healing method.
The American Medical Association (AMA) is an advocacy association that promotes the validity of medical therapy, but it’s heavily based upon manufactured designer drugs.
The establishment corporatist scientists have a tendency to claim a corner on proof. However, they often expound on their accepted view using selective memory. Facts can stand in the way of implementing the master plan when the ‘so called’ humanitarian benefits remain elusive or worse, detrimental.
Primum non nocere as stated in The Hippocratic Oath is the original casualty in the practice of NWO health care.
To shareholders of the Big Pharma cartels, whether a vaccine is truly needed is beside the point. Although the throw away soundbite, ‘Saving lives’, is used to market the endless list of vaccines, it’s not really the goal…
The profits involved with the introduction of any new vaccine are immense. The high priestess of orthodox medicine, Centers for Disease Control and Prevention publishes on their site, Possible Side-effects from Vaccines, and provides the obligatory disclaimer.
‘Remember, vaccines are continually monitored for safety, and like any medication, vaccines can cause side effects. However, a decision not to immunize a child also involves risk and could put the child and others who come into contact with him or her at risk of contracting a potentially deadly disease.’

This post was published at 21st Century Wire on OCTOBER 21, 2014.

Another Pension Scandal – The Crony Love Affair Between North Carolina, Credit Suisse and Erskine Bowles

In North Carolina, managing the retirement savings of teachers, police officers, firefighters and other public employees is big business. As the sole fiduciary of the state’s $90 billion pension fund, Treasurer Cowell, a Democrat, was recently named the world’s 18th most important institutional investor by the Sovereign Wealth Fund Institute. The State Employees Association of North Carolina (Seanc) estimates that North Carolina is on track to spend a billion dollars a year of retirees’ pension money on fees to private financial firms. Roughly half of all North Carolina pension deals involve placement agents, and Seanc estimates that has generated roughly $180 million in placement agent fees – costs that are effectively paid by the pension fund, according to critics.
Credit Suisse’s own internal regulations say the company aims to ‘establish a management organization that avoids the creation or appearance of conflicts of interests.’ But the North Carolina agreement (the provisions of which were secret until Seanc’s open records request earlier this year) explicitly allows Credit Suisse to engage in ‘actual and potential conflicts of interest.’ The agreement noted Credit Suisse could receive ‘placement fees’ from the firms in which it invests North Carolina pension money.
– From David Sirota’s excellent piece in Investors Business Daily: Pension Deal Spotlights ‘Placement Agent’ Business, Raises Conflict-Of-Interest Questions
When it comes to how the U. S. economy of fraud functions in 2014, the following article has it all. A government official, a global investment bank and a businessman/politician, all working together to enrich themselves at the public’s expense. It demonstrates how big bucks are really earned by insiders in the new American Dream, characterized by extreme cronyism and corruption. As might be expected, this post highlights another excellent piece by David Sirota, who has been doing the best investigative journalism on the topic of public pension corruption. In this article, he zeros in on what’s known as ‘placement agents,’ which are often large financial firms with connections across the political spectrum, and are often money managers themselves, such as private equity giant Blackstone. However, they don’t need to have any expertise in financial matters, they simply need to be connected. As such, placement agents are sometime even former NFL stars.
These agents are paid by money managers to recommend their funds to huge pools of capital, such as public pension funds. In this article, global investment bank Credit Suisse plays the role of placement agent. The investment pool is played by the North Carolina state pension fund, led by Janet Cowell, while the asset manager looking to earn pension fund fees is played by Carousel Capital, a firm run by Erskine Bowles.
As a refresher, Janet Cowell is no stranger to this site. I covered her cronyism back in June in the post, Meet Janet Cowell – The North Carolina Treasurer Desperately Pushing to Keep Criminal Public Pension Fees Secret. Here’s an excerpt:

This post was published at Liberty Blitzkrieg on Oct 22, 2014.

The Misguided Push for STEM

The higher education system is a mess, and it seems the more we try to fix it, the worse it becomes. With a parade of unflattering test score comparisons constantly being trotted out, widespread unemployment, and a mismatch of skills between workers and producers, the public intelligentsia is ever more concerned about the future of our children and what can be done to improve their prospects.
The current trendy solution is to relentlessly push students into pursuing degrees falling under the unappealing acronym: STEM, which stands for Science, Technology, Engineering and Mathematics.
Policymakers like these fields because they tend to be high paying and they ‘sound’ both prestigious and practically worthwhile. Why produce students who know about history or literature, when you can train them to do useful things like research new medicines or design bridges?
It sounds reasonable enough on the surface, but it is important to remember that students do not emerge from university into a vacuum, but rather into a complex system of markets that may or may not demand whatever skills they have to offer. In most markets, we (more or less) let prices freely fluctuate in order to manage the relative supply and demand of the good in question. If too much of the good is produced, the price drops, if too little is produced, it rises. This continues until the market clears, or rather, it is an ongoing process that continually pushes the price towards the market clearing level.

This post was published at Mises Canada on October 20th, 2014.

It’s Not Just Spying – How the NSA Has Turned Into a Giant Profit Center for Corrupt Insiders

Dear NSA Employees, You Now Have a Green Light to Loot and Pillage. It’s Time to Get Paid:
Are you just another one of those frustrated NSA employees who feels that unconstitutionally spying on your fellow citizenry under false pretenses isn’t giving you same thrill it once did? If so, have no fear.
Are you are sick and tired of having to spilt your precious working hours defending the destruction of our nation’s founding document to those pesky terroristic media dinosaurs who still think investigative journalism belongs in Amerika? If so, have I got a solution for you.
While it may sound too good to be true, trust me it’s not. You see, in recent years almost all crony-capitalist criminal activities have been deemed legal in the land of the free (to pillage). This incredible opportunity allows you to directly leverage your intelligence skill-set to earn the big bucks you know you’ve always deserved. You can now do just that by working in the private sector without having to give up that cushy government day job! I mean if we’re going to have this banana republic thing going we may as well GET PAID. Am I right?
Keep at it patriots,
Michael Krieger
If the above sounds like a joke, unfortunately it is not. Last week, two very important stories came out; one from Reuters and the other from Buzzfeed. They both zero in on how current NSA employees are using their expertise and connections to make big money in the private sector while still working at the NSA. Let’s start with the Reuters story, which covers former NSA-head Keith Alexander’s business relationship with the NSA’s current Chief Technical Officer, Patrick Dowd.

This post was published at Liberty Blitzkrieg on Monday Oct 20, 2014.


It couldn’t happen to a bigger prick. It’s actually better. Good old Warren has lost $2.1 billion in this investment since April. Poor guy. I’m sure CNBC will roll out the doddering old fool to be interviewed by his designated soft ball pitcher – Becky ‘not so’ Quick so he can pump up the stock with some gibberish. This guy is the ultimate crony capitalist sellout. They rolled him out last week to try and stop the market meltdown.

This post was published at The Burning Platform on 20th October 2014.

Because This Time Is Never Different, In 100 Year Old Cartoons

Now this really is precious. From 1912: "The official mortgage on the human race now is $39,343,079,476." #deflation pic.twitter.com/jMobJqvQBD
— Rudolf E. Havenstein (@RudyHavenstein) October 16, 2014

Any time you feel like all the endless crime, rigging and cronyism on Wall Street and its lobbied puppets in the Capitol is something new, look at these cartoons from about 100 years ago. You will feel better that this time is not different… and much worse that in 100 years absolutely nothing has changed.

This post was published at Zero Hedge on 10/17/2014.

Kudos To Herr Weidmann For Uttering Three Truths In One Speech

Once in a blue moon officials commit truth in public, but the intrepid leader of Germany’s central bank has delivered a speech which let’s loose of three of them in a single go. Speaking at a conference in Riga, Latvia, Jens Weidmann put the kibosh on QE, low-flation and central bank interference in pricing of risky assets.
These days the Keynesian chorus in favor of policy activism is so boisterous that a succinct statement to the contrary rarely gets through – -especially at Rupert Murdoch’s Wall Street yarn factory. But here’s what penetrated even Brian Blackstone’s filters:
‘The biggest bottleneck for growth in the euro area is not monetary policy, nor is it the lack of fiscal stimulus: it is the structural barriers that impede competition, innovation and productivity,’ he said.
Needless to say, that is not only the truth but its one that is distinctly unwelcome to the policy apparatchiks in Brussels and the politicians in virtually every European capital. Self-evidently, printing money and running up the public debt are pleasurable and profitable tasks for agents of state intervention. But reducing ‘structural barriers’ like restrictive labor laws, private cartel arrangements and inefficiency producing crony capitalist raids on the public till are a different matter altogether. In the political arena, they involve too much short-term pain to achieve the long-run gain.

This post was published at David Stockmans Contra Corner on October 17, 2014.

New Book: Senator Schumer Was Regular Visitor to Madoff Offices

New York City has 8.4 million people living in its boroughs. But when it comes to defending those charged with financial crimes, it’s a very small, clubby world of people who are either related to each other or have worked together in the past. And this clubby group has one more thing in common: most of its members seem to be lavishing huge campaign contributions on U. S. Senator Charles (Chuck) Schumer of New York – a man who is in a position to recommend Federal Judge appointments and the Justice Department’s U. S. Attorney who will prosecute the financial crimes – or not.
These are the findings in a new on-line book, JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook, being offered free as a chapter a month by attorneys Helen Davis Chaitman and Lance Gotthoffer. (Chaitman is a nationally recognized litigator who was swindled by Madoff and is passionate about getting an unabridged recital of facts out to the public, including details about the extensive involvement in the fraud by the big Wall Street bank, JPMorgan Chase, and Madoff clients that the authors believe to have been co-conspirators.)
Chapter 3 is now up on the web site and delivers this nugget: ‘Senator Schumer was a frequent visitor to Madoff in his office in New York’s Lipstick Building.’ This information came to Chaitman in 2009 from Madoff employees and is confirmed by a 2014 interview with Madoff himself by Politico’s MJ Lee, indicating that Schumer paid personal visits to Madoff to collect campaign contributions.
In the March Politico article, Lee adds this: ‘Approached in a Senate hallway last week, Schumer seemed willing to talk to a reporter – until the subject of Madoff came up. ‘I’m not commenting,’ the New York Democrat said as he walked away. ‘I am not commenting.’ ‘
The web of relationships unveiled in the book include the following:
The U. S. Attorney for the Southern District of New York, Preet Bharara, who agreed to a deferred prosecution agreement against JPMorgan Chase for their involvement in the Madoff fraud and who allowed the family of Madoff client Jeffry Picower to keep billions of dollars that very likely grew out of the fraud, was Senator Schumer’s former Chief Counsel and recommended for the prosecutor’s post in 2009 by Senator Schumer.

This post was published at Wall Street On Parade on October 15, 2014.

Performance of a Number of Global Stock Exchanges Year-To-Date

Except for a few Asian countries, and special situations not pictured perhaps, it looks like a global slump from here.
There are still a select few unbroken housing bubbles out there that may find some adjustment in a future capital crisis. Canada and Australia come to mind, among others.
Despite the billions of taxpayer funds poured into them, some if not quite a few of the troubled multinational Banks are still in trouble, and a few may be teetering.
Does anyone who is well informed not recognize that the policy errors of the Central Banks and their political cronies have failed to foster a sustainable recovery after five long years of enormous bank subsidies and public misery?
And the fruits of this selfish foolishness may likely be another crisis that is even more decisive?
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

This post was published at Jesses Crossroads Cafe on 14 OCTOBER 2014.

297 Congress Members Have Earmarked $3.8 Billion for Organizations Tied to Them or Family Members

Remember back when Democrat Congressman Jim Moran, U. S. Representative for Virginia’s 8th congressional district gave an interview where he said that Congress is underpaid at $174,000 a year and needs a raise because Americans need to understand that Congress is ‘the board of directors for the largest economic entity in the world’?
Well, check out what the ‘board of directors’ has been up to.
According to watchdog groups Legistorm and CREW – Citizens for Responsibility and Ethics in Washington – a total of 297 members of Congress have earmarked $3,776,001,807 for organizations that are connected directly to them or to their family members.
For just one example of how this works, check out this research into the conflicts of interest and crony dealings of Dem. Rep. Rosa DeLauro here – and she’s just one example.
Other interesting tidbits:

This post was published at The Daily Sheeple on October 11th, 2014.

Meet The World’s First “Undercover, Super-Secret Central Banker”

First a secret “Doomsday book“, and now this?
Flash back to those days in September 2008 when the financial system was on the verge of collapse and when first Lehman failed and then AIG was knocking on heaven’s door. While the story of the former has been written, it is the still incomplete history of the latter that is the reason why Hank Greenberg, the largest shareholder of AIG at the time, is suing the US government for bailing out AIG, alleging the US exorted shareholders when it provided a $182 billion bailout to the insurance company whose Joseph Cassano had seemingly sold insurance on every insolvent mortgage-related security: a strategy which worked in a rising market and led to a near systemic catastrophe when the market crashed.
We won’t debate the merits of Greenberg’s lawsuit, which is currently raging in court under STARR INTERNATIONAL COMPANY V. UNITED STATES, U. S. Court of Federal Claims 11-cv-00779 (it should be painfully clear by now that neither AIG nor crony capitalism as it exists now would have survived had Goldman and its NY Fed branch not extended several trillion in taxpayer funds to preserve the status quo), however we will note one thing: recall that when the terms of the AIG bailout first made waves in 2010 courtesy of Darrell Issa we found out something pecliar: none of the members of the Fed had any intentions on making their procedure public.
As Reuters reported back then:

This post was published at Zero Hedge on 10/09/2014.

Lois Lerner’s Revenge: Anti-Obamacare Filmaker is Hit with IRS Audit

There are many systemic reasons why America continues to circle the toilet bowl toward a full fledged oligarchic Banana Republic. I’ve spent the last couple of years highlighting many of them here on these pages. Nevertheless, all of them pale in comparison with the disappearance of the rule of law. When the rule of law ceases to apply to the rich and powerful, a society ends up suffocating within a culture of theft, an endless stream of cronyism and criminality.
At such a stage, politicians, Wall Street oligarchs, the military-industrial complex, police departments, government agencies, etc, all go hog wild with corruption. The IRS is a perfect example.
With the failure to hold Lois Lerner accountable for anything, the agency is now even more out of control than it was before. Recently, we heard about a plan to tax companies that provide free lunches to employees. Now it appears they are back to targeting people with whom they disagree politically…

This post was published at Liberty Blitzkrieg on Oct 8, 2014.

Getting Conned by CONs

In the healthcare industry, a certificate of need, also known by the acronym CON, is an anticompetitive licensing restriction allegedly designed to promote fair competition by requiring hospitals to demonstrate the need for certain projects and services in order to receive governmental permission for those projects and services.
Under a CON scheme, a hospital – -let’s call it Hospital X – -that wishes to expand its facilities applies to a state health planning agency for a CON. Nearby hospitals – perhaps Hospital X’s competitors, Hospital Y and Hospital Z – may oppose Hospital X’s CON application. An administrative law judge (ALJ) reviews Hospital X’s CON application and supporting evidence, holds a hearing on the matter, evaluates the parties and witnesses, and determines whether Hospital X has met the statutory criteria for the issuance of a CON. These criteria differ from jurisdiction to jurisdiction.

This post was published at Mises Canada on October 8th, 2014.

Crony Capitalism Is Kryptonite to Democracy and the Real Economy

When the machinery of governance is ruled by the highest bidders, democracy is dead.
Last week I described the sources of America’s America’s terminal political dysfunction. The engine of this terminal dysfunction is crony capitalism, the incestuous and oh-so-profitable marriage of the Central State and monied Elites.
Gordon T. Long and I continue our discussion of the perverse incentives and consequences of crony capitalism in a 25-minute video program.
Gordon argues that America’s Crony Capitalism closely resembles the Roman Tribute System, an arrangement that skims wealth and concentrates it at the top of the power pyramid.
Vast financial crimes are met with fines. Guilty parties do not go to jail but rather the corporation pays a fine. Billion-dollar crimes are assessed million-dollar fines– a percentage that closely mirrors a Tribute System. The government makes money through enforcement but not prevention. Corporations make illicit fortunes with the confidence that the government will settle for a small slice of the wealth stripmined from the people.
The fines for financial skimming operations act as a form of tribute to the Central State: the State and its corrupt elected officials and regulators turn a blind eye to the pillage of the citizenry via financialization schemes, and then skim a tribute via fines and campaign contributions.

This post was published at Charles Hugh Smith on SUNDAY, OCTOBER 05, 2014.

Monsanto’s ‘zombie wheat’ case reveals serious legal vulnerabilities in business model

Monsanto’s business model is falling apart right in front of their own face, because the biotech firm blatantly disrespects the property rights of farmers, contaminating their fields with unauthorized genetically modified seeds. These unapproved GMO seeds inevitably cross-contaminate farmers’ fields, effectively destroying their yields. That’s exactly what happened in Oregon last year when some unauthorized “zombie wheat” from the Monsanto Company went from the lab and intermixed with a farmer’s natural wheat. The debacle disrupted wheat exports as Japan and South Korea blocked shipments. A contingency of farmers have joined forces and sued Monsanto.
Monsanto may finally admit to cross-contaminating farmers’ wheat Although the details of the case have been kept private, Monsanto did acknowledge that an “agreement in principle has been reached, but not finalized.”
Dave Murphy, founder of Food Democracy Now, is encouraging the farmers not to settle but to stand their ground. This case could establish a new precedent forbidding Monsanto and other biotech firms from cross-contaminating farmers’ crops. “Monsanto never settles unless they’re seriously vulnerable, and the farmers and lawyers involved in this case should reject any settlement,” said Murphy. “Contamination of farmers’ crops has been an integral part of Monsanto’s business plan, and these farmers need to gain strong legal protections from future contamination events, which are happening daily in farmers’ fields all over the world.”

This post was published at Natural News on Monday, October 06, 2014.