Category Archives: whistleblower

US Economy Is A House Of Cards

 

by Dr. Paul Craig Roberts

 

The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics.

American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial markets by the Federal Reserve’s Quantitative Easing inflates stock and bond prices and drives interest rates, which are supposed to be a measure of the cost of capital, to zero or negative, with the implication that capital is so abundant that its cost is zero and can be had for free. Large enterprises, such as mega-banks and auto manufacturers, which go bankrupt are not permitted to fail. Instead, public debt and money creation are used to cover private losses and keep corporations “too big to fail” afloat at the expense not of shareholders but of people who do not own the shares of the corporations.

 

 

 

Profits are no longer a measure that social welfare is being served by capitalism’s efficient use of resources when profits are achieved by substituting cheaper foreign labor for domestic labor, with resultant decline in consumer purchasing power and rise in income and wealth inequality. In the 21st century, the era of jobs offshoring, the US has experienced an unprecedented explosion in income and wealth inequality. I have made reference to this hard evidence of the failure of capitalism to provide for the social welfare in the traditional economic sense in my book, The Failure of Laissez Faire Capitalism, and Thomas Piketty’s just published book, Capital in the 21st Century, has brought an alarming picture of reality to insouciant economists, such as Paul Krugman. As worrisome as Piketty’s picture is of inequality, I agree with Michael Hudson that the situation is worse than Piketty describes.

Capitalism has been transformed by powerful private interests whose control over governments, courts, and regulatory agencies has turned capitalism into a looting mechanism. Wall Street no longer performs any positive function. Wall Street is a looting mechanism, a deadweight loss to society. Wall Street makes profits by front-running trades with fast computers, by selling fraudulent financial instruments that it is betting against as investment grade securities, by leveraging equity to unprecedented heights, making bets that cannot be covered, and by rigging all commodity markets.

The Federal Reserve and the US Treasury’s “Plunge Protection Team” aid the looting by supporting the stock market with purchases of stock futures, and protect the dollar from the extraordinary money-printing by selling naked shorts into the Comex gold futures market.

The US economy no longer is based on education, hard work, free market prices and the accountability that real free markets impose. Instead, the US economy is based on manipulation of prices, speculative control of commodities, support of the dollar by Washington’s puppet states, manipulated and falsified official statistics, propaganda from the financial media, and inertia by countries, such as Russia and China, who are directly harmed, both economically and politically, by the dollar payments system.

As the governments in most of the rest of the world are incompetent, Washington’s incompetence doesn’t stand out, and this is Washington’s salvation.

But it is not a salvation for Americans who live under Washington’s rule. As all statistical evidence makes completely clear, the share of income and wealth going to the bulk of the US population is declining. This decline means the end of the consumer market that has been the mainstay of the US economy. Now that the mega-rich have even more disproportionate shares of the income and wealth, what happens to an economy based on selling imports and off-shored production of goods and services to a domestic consumer market? How do the vast majority of Americans purchase more when their incomes have not grown for years and have even declined and they are too impoverished to borrow more from banks that won’t lend?

The America in which I grew up was self-sufficient. Foreign trade was a small part of the economy. When I was Assistant Secretary of the Treasury, the US still had a trade surplus except for oil. Offshoring of America’s jobs had not begun, and US earnings on its foreign investments exceeded foreign earnings on US investments. Therefore, America’s earnings abroad covered its energy deficit in its balance of trade.

The economic stability achieved during the Reagan administration was shattered by Wall Street greed. Wall Street threatened corporations with takeovers if the corporations did not produce higher profits by relocating their production of goods and services for American markets abroad. The lower labor costs boosted earnings and stock prices and satisfied Wall Street’s cravings for ever more earnings, but brought an end to the rise in US living standards except for the mega-rich. Financial deregulation loaded the economy with the risks of asset bubbles.

Americans are an amazingly insouciant people. By now any other people would have burnt Wall Street to the ground.

Washington has unique subjects. Americans will take endless abuse and blame some outside government for their predicament–Iraq, Afghanistan, Libya, China, Russia. Such an insouciant and passive people are ideal targets for looting, and their economy, hollowed-out by looting, is a house of cards.

 

About Dr. Paul Craig Roberts

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.

 

 

 

New Flu Shot Contains Insect DNA

 

 

 

Rather than blindly jumping into vaccinating your dear loved ones without inquiry, please take a look at this video to weigh up some of the potential dangers of this decision.

Maybe big pharma doesn’t have your families well being and best interests at heart..

 Big pharma is an illness industry, not a wellness industry.”   (source

 

 

FDA approves first flu vaccine grown in insect cells

EPA Admits you are Eating Neurotoxins

Rapidly Produced Flu Vaccine Wins F.D.A. Approval

Diet Soda Turns into Formaldehyde?

FluBlok, a next generation influenza vaccine manufactured in insect cells

CVS Flu Shot Kills 23 Seniors

Recombinant protein vaccines produced in insect cells

Aluminum in Vaccines Linked to Alzheimer’s Disease

FDA FluBlok Vaccine Insert

Eugenics New Weapon: FluBlok Insect Based Vaccine

FluBlok Website Vaccine Insert

Vaccine Exemption Forms

Experimental Vaccines

Dr. Joesph Mercola: Vaccine News And Information

 

 

 

BLM Whistleblower Rusty Hill Uncovers The Motive And Methods of Shady Land Deals

 

 

Having lived in Arizona, I know how lucrative insider land deals can be. Having to travel around the state, I was surprised to see newly constructed, empty, whole shopping centers sitting out in the desert. In a short period of time, neighborhoods and roads would surround the shopping center and land that was empty desert blossomed into high priced real estate. 

I have also heard stories, from people I know, who experienced ‘windfall wealth’ from desert land worth next to nothing suddenly worth half a million and more because of location, water access or strategic importance.

So when the ‘lamestream media’ gives the ‘Bundy Ranch’ raid by the BLM such superficial and shoddy coverage, you have to be curious about what is missing or covered up about the situation.

Thank-you independent news and whistleblowers.

 

 

 

 

 

All The Presidents’ Bankers: 100 years of ‘Bromance’ Between Presidents And International Bankers

Via: Democracy Now

With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power,” financial journalist Nomi Prins explores how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States. Prins examines how these relationships have influenced events from the creation of the Federal Reserve, the response to the Great Depression, and the founding of the International Monetary Fund and the World Bank. Now a senior fellow at Demos, Prins is a former managing director at Bear Stearns and Goldman Sachs, and previously an analyst at Lehman Brothers and Chase Manhattan Bank.

 

 

 

 

Banks Are Like ‘Government-Sponsored Mafias’

It Takes A Pillage        ebook preview

ebook preview: All The Presidents’ Bankers

 

 

 

 

 

Rick Perry Says Obama Told Governors: ‘I do not trust you to make decisions in your state about issues of education, about transportation infrastructure’

Texas Governor Rick Perry describing a White House meeting between several governors and President Obama:

“I was a bit troubled today by the tone of the president.

“When you have governors, and we all compete against each other — we are the laboratories of innovation — and for the President of the United States to look Democrat and Republican governors in the eye and say, ‘I do not trust you to make decisions in your state about issues of education, about transportation infrastructure,’ — and that is really troubling,”

“As a matter of fact, he [Obama] said at that meeting, he said, ‘If I hear any of you pushing back, making statements about Washington spends too much money, you’ll hear from me,” he said, adding, “If I’m a Democrat governor, if I’m a Republican governor, I’m highly offended by that.”

 

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Investigate What’s Really in Your Food: Subway Stops Using Dangerous Chemical Azodicarbonamide

Buyer Beware!

Vani Hari, a food blogger known as the ‘Food Babe”, is a great example of the American spirit in action.

This courageous ‘Food Babe’ started a petition to get Subway to remove a chemical called azodicarbonamide from their bread recipe.

“In Australia and Europe the use of azodicarbonamide as a food additive is banned. In Singapore, use is punishable by up to 15 years in prison and a fine of $450,000.” (source)

 

 

 

ABC News: Subway Takes Chemical Out of Sandwich Bread After Protest

examiner: Another Reason To Avoid Most Bread

ebook preview:   Pandora’s Lunchbox

NSA Surveillance of Americans: “Better than anything the KGB, the Stasi, the Gestapo or SS ever had”

NSA Whistleblower William Binney has  been publicly critical of the NSA for spying on U.S. citizens, saying of its expanded surveillance after the September 11, 2001 attacks that “it’s better than anything that the KGB, the Stasi, or the Gestapo and SS ever had.”  (source)

Via: dissenter.firedoglake.com

by Kevin Gosztola

Interview with Whistleblower William Binney: Afraid We’re Spreading  Secret Government Around The World

The FBI, Drug Enforcement Agency, and law enforcement, along with the NSA, are collecting information on Americans and then using that information to arrest people. “Parallel construction” is then used to “fabricate evidence” that is substituted with evidence that is subsequently collected legally and through mechanisms that have traditionally been an accepted part of criminal investigations.

In former senior NSA employee and whistleblower William Binney’s view, this is the “real problem.” It is occurring without a warrant and they can bring this information into court. He calls it the “planned program perjury policy right out of the Department of Justice.”

“They’re lying to the courts,” Binney explains.

Read the full article

Whistleblower William Binney      Wikipedia

Business Insider: Latest Glenn Greenwald Scoop

“The Individual Is The Enemy Of Socialism”: Whistleblower Dr. Russell Blaylock Explains The Elite ‘Playbook’

Via: Wikipedia

Russell L. Blaylock is an American retired neurosurgeon and author. Working with Jeff Elkind, Blaylock introduced a new treatment for a subset of brain tumors, as well as improving certain operations treating water on the brain.

Blaylock was a clinical assistant professor of neurosurgery at the University of Mississippi Medical Center and is currently a visiting professor in the biology department at Belhaven College.[1] He is the author of a number of books and papers, including Excitotoxins: The Taste That Kills (1994), Health and Nutrition Secrets That Can Save Your Life (2002), and Natural Strategies for Cancer Patients (2003), and writes a monthly newsletter, the Blaylock Wellness Report.

Blaylock has endorsed views inconsistent with the scientific consensus, including that food additives such as aspartame and monosodium glutamate (MSG) are excitotoxic in normal doses and that the H1N1 influenza (swine flu) vaccine carries more risk than swine flu itself.

Allegations of health dangers

Blaylock opposes the use of vaccines. He has urged avoidance of the swine flu (H1N1) vaccination, which he claims is more dangerous than the infection itself. He has also given advice on what he feels an individual should do if faced with mandatory vaccination, although current research indicates that an effective vaccine is a vital tool in protecting the public and that the H1N1 vaccine is both safe and effective.  Blaylock suggests that Vitamin D, fish oil and antioxidants are effective against catching the flu. According to McGill University’s Joe Schwarcz, there is no evidence for these claims.

Blaylock also claims the supposed toxicity of numerous substances that according to scientific studies are safe at customary exposure levels. He has been quoted several times in media outlets regarding his position that MSG is toxic to the brain. He also states that the widely used artificial sweetener aspartame is toxic and may be the cause of multiple sclerosis. He has additionally cautioned against heavy use of the artificial sweetener Splenda (sucralose). These positions are not supported by scientific consensus or regulatory bodies, as extensive studies support the safety of aspartame, sucralose, and MSG.  Advertisements selling the ‘Blaylock Wellness Report’ at newsmax.com contain claims of additional health dangers, including fluoridated drinking water, fluoridated toothpaste, vaccinesdental amalgamcholesterol drugs, pesticides, and aluminum cookware.

 

GMO: Weaponized Food Of The 21st Century

Youtube:  Russell Blaylock MD

russellblaylockmd.com

 

Is Obama An Actor? Mancow Muller Says Actor Harry Lennix Told Him “He Mimicked Me”

Via: prisonplanet.com

by Paul Joseph Watson

During an appearance on the Alex Jones Show, Chicago radio host Eric ‘Mancow’ Muller revealed that actor Harry Lennix told him he was hired to train Obama how to look presidential by mimicking the actor’s demeanor and body language.

Read the Full Article