What Main Stream Media is NOT Telling Us

The main stream media (MSM) worldwide is either controlled by the governments in the regions that they reside or are controlled a handful of corporate moguls who wish to absolutely control the content of the “news” presented to us. This is no secret, and I think we all have a sense of how true this is. We need only to tune to FOX one day and MSNBC the next in America to see just how true the reality of controlled media is. It is also true of media anywhere in the world. BBC, RT, CNN, Al Jazeera, and a host of others are similar in their very carefully crafted content.

What most don’t realize is they ALL insure that the most important stories that would expose the Oligarchs’ plans for humanity never see the light of day. Several years ago, a tradition originated by Professor Carl Jensen and his Sonoma State students in 1976 was to review the top 25 annual stories of importance that had not been covered by MSM.  The expansion of the Project to include affiliate faculty and students from campuses across the country and around the world was initiated several years later as outgoing director Peter Phillips passed the reins to current director Mickey Huff. These efforts have made the Project even more diverse and robust. The 2013 Project Censored reviewed 233 Validated Independent News stories (VINs) representing the collective efforts of 219 college students and 56 professors from 18 college and university campuses that participate in the affiliated program and 13 additional community evaluators.

Here is the synopsis of these stories. Even knowledge of these stories can dramatically expand your perspective of our world and that can only be a good thing.

oligarchy

25. Israel Gave Birth Control to Ethiopian Immigrants Without Their Consent

In January 2013, Israel acknowledged that medical authorities have been giving Ethiopian immigrants long-term birth-control injections, often without their knowledge or consent.

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24. Widespread GMO Contamination: Did Monsanto Plant GMOs Before USDA Approval?

Monsanto introduced genetically modified alfalfa in 2003—a full two years before it was deregulated, according to recently released evidence…

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monsanto-saving-the-world

23. Transaction Tax Helps Civilize Wall Street and Lower the National Debt

In February 2013, United States senators Tom Harkin (D-Iowa) and Peter DeFazio (D-Oregon) introduced a bill to implement a new tax of three basis points (that is, three pennies for every hundred dollars) on most nonconsumer stock trades.

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22. Pennsylvania Law Gags Doctors to Protect Big Oil’s “Proprietary Secrets”

In communities affected by hydraulic fracturing, or “fracking,” people understand that this process of drilling for natural gases puts the environment and their health at risk

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21. Monsanto and India’s “Suicide Economy”

Monsanto has a long history of contamination and cover-up and in India another Monsanto cover-up is ongoing

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20. Israel Counted Minimum Calorie Needs in Gaza Blockade

Declassified documents reveal that the Israeli military calculated how many calories a typical Gazan would need to survive, in order to determine how much food to supply the Gaza Strip during the 2007–2010 blockade.

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19. The Power of Peaceful Revolution in Iceland

After privatization of the national banking sector, private bankers borrowed billions of dollars or (ten times the size of Iceland’s economy), creating a huge economic bubble that doubled housing prices and made a small percentage of the population exceedingly wealthy

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18. Fracking Our Food Supply

The effects of hydraulic fracturing (or “fracking”) on food supply and the environment are slowly emerging

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17. The Creative Commons Celebrates Ten Years of Sharing and Cultural Creation

Creative Commons (CC) is celebrating ten years of helping writers, artists, technologists, and other creators share their knowledge and creativity with the world

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16. Journalism Under Attack Around the Globe

Journalists are increasingly at risk of being killed or imprisoned for doing their jobs, a situation that imperils press freedom.

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journalists killed

15. Food Riots: The New Normal?

Reduced land productivity, combined with elevated oil costs and population growth, threaten a systemic, global food crisis

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14. Wireless Technology a Looming Health Crisis

As a multitude of hazardous wireless technologies are deployed in homes, schools, and workplaces, government officials and industry representatives continue to insist on their safety despite growing evidence to the contrary.

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13. A Fifth of Americans Go Hungry

An August 2012 Gallup poll showed that 18.2 percent of Americans lacked sufficient money for needed food at least once over the previous year.

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12. The US Has Left Iraq with an Epidemic of Cancers and Birth Defects

High levels of lead, mercury, and depleted uranium are believed to be causing birth defects, miscarriages, and cancer for people living in the Iraqi cities of Basra and Fallujah.

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11. Bush Blocked Iran Nuclear Deal

According to a former top Iranian negotiator, Seyed Hossein Mousavian, in 2005 Iran offered a deal to the United States, France, Germany, and the United Kingdom that would have made it impossible for Iran to build nuclear weapons.

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10. A “Culture of Cruelty” along Mexico–US Border

Migrants crossing the Mexico–US border not only face dangers posed by an unforgiving desert but also abuse at the hands of the US Border Patrol

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9. Icelanders Vote to Include Commons in Their Constitution

In October 2012, Icelanders voted in an advisory referendum regarding six proposed policy changes to the 1944 Constitution

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8. Bank Interests Inflate Global Prices by 35 to 40 Percent

A stunning thirty-five to forty percent of everything we buy goes to interest.

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7. Merchants of Death and Nuclear Weapons

The Physicians for Social Responsibility released a study estimating that one billion people—one-seventh of the human race—could starve over the decade following a single nuclear detonation

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6. Billionaires’ Rising Wealth Intensifies Poverty and Inequality

As a direct result of existing financial policies, the world’s one hundred richest people grew to be $241 billion richer in 2012.

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5. Hate Groups and Antigovernment Groups on Rise across US

The Southern Poverty Law Center (SPLC), which monitors hate groups and antigovernment groups, released a report showing that 1,360 radical, antigovernment “patriot” groups and 321 militias actively operate within the United States

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4. Obama’s War on Whistleblowers

Obama signed both the Whistleblower Protection Enhancement Act, expanding whistleblower protections, in November 2012, and the National Defense Authorization Act (NDAA) furthering these protections in January 2013

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3. Trans-Pacific Partnership Threatens a Regime of Corporate Global Governance

The Trans-Pacific Partnership (TPP), branded as a trade agreement and negotiated in unprecedented secrecy, is actually an enforceable transfer of sovereignty from nations and their people to foreign corporations.

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2. Richest Global 1 Percent Hide Trillions in Tax Havens

The global 1 percent hold twenty-one to thirty-two trillion dollars in offshore havens in order to evade taxes, according to James S. Henry, the former chief economist at the global management consulting firm, McKinsey & Company.

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1. Bradley Manning and the Failure of Corporate Media

In February 2013, United States military intelligence analyst Bradley Manning confessed in court to providing vast archives of military and diplomatic files to the anti-secrecy group WikiLeaks, saying he wanted the information to become public “to make the world a better place” and that he hoped to “spark a domestic debate on the role of the military in (US) foreign policy.

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6corps media

It is indeed eye-opening to see these stories organized in this manner. Knowledge equals empowerment. We have always relied on journalists to insure a level playing field for all. Without a robust, free, and independent press we are merely victims. We can successfully apply anti-trust rules to telephones, but not our media? We need to take action and we can. It is a simple two step process.  First turn off the “boob” tube and do not support MSM. Secondly, let’s insist that congress empower the FCC to break up mega media groups.

Do We Understand How Far We Have Come?

As the issues of the world continue to unfold, it can look like a glass half empty or a glass half full.  I think we suffer from several classes of amnesia.  In its shortest frame it called the 30 second average attention span that many from marketing and politics count on, or it is generational type, where none of the current generation remember the JFK assassination or the Vietnam War or dial phones for that matter.  At the long end of the spectrum there is the ERA gap.  You have to be a scholar to appreciate where we are now as compared to say 18th or 19th century is any terms you would like to measure. I think we can all agree on these points.

However, events unfolding here and now globally are not entering our consciousness by deliberate efforts of MSM to not report them, as they faithfully obey orders.  The truth is people all over the world are beginning to free themselves from their economic bonds in the most miraculous ways.  Isn’t strange that you are not hearing what is transpiring in Iceland, and are barely aware of the importance of what has happened with the elections in Greece and France?

As we begin the political debates in the US, in the most generalized of terms, the debate seems to be the arguments of AUSTERITY vs. SOCIALISTIC government.  The inference is we need to cut deficits vs. spending on infrastructure and social programs that will generate jobs and much needed tax revenue.  On its surface, that seems to be a logical argument, but when examined closely it is somewhat comparing apples to oranges.  Isn’t it odd that you don’t seem at this moment to understand why not?

What has actually happened in the world after the 2008 crash was both philosophies were applied by various governments.  So it seems also logical to look at the results so far.  The EU and the UK applied severe austerity programs.  These programs brought Ireland, Greece, Spain, Italy and Portugal nearly to anarchy.  Unemployment sky-rocketed, growth stagnated and even went negative.  The austerity programs did not result in deficit reduction.  Quite the contrary, deficits increased because tax revenue contracted dramatically.  One only has to ask, who benefits from austerity programs?

Then, within the last year a revolution began. Not a revolution in the street, although riots in Greece, Spain, UK, Italy, Ireland, and the US with the Occupy Movement did occur, but within the political and governmental institutions.  Iceland led the way.

In Iceland, the people have made the government resign, the primary banks have been nationalized, and by referendum, it was decided to not pay the debt that these political criminals created with Great Britain and Holland due to their bad financial policies.  Further, a public assembly has been created to rewrite the constitution, and all of this was accomplished in a peaceful way. A whole country revolution against the powers that  created the current global crisis in the first place. This is why there hasn’t been any publicity concerning this during the last two years.

This was accomplished by 25 citizens being chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly started in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary here are the accomplishments of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can make the economic decisions of the country.
-incarcerating the responsible parties
-rewriting of the constitution by its people

WOW! Isn’t strange you hear nothing of this?  Really if there is anything of reality left, one must at minimum begin to suspect we are “being managed”.  However, enough people were following what was happening in Iceland and these past elections in Greece and France, the “Managers” were handed their heads.  I think these ideas will spread to the rest of the EU and the UK this summer.

In the US, the debate seems more about empowering women and the LGBT population, or is that the distraction?  All freedom and opportunity extends from economic freedom.  THIS IS THEN THE DEBATE that needs to occur.  While the US response so far to the collapse has been a mixed bag of spending and austerity, the gains have been better than going the other direction, but they are far from being enough.

What the Austerity camp says we have to respond to the reality of debt versus federal income and they would show a chart like this:

What that really means is this trend continuing:

 Again, you have to ask the question “who benefits from federal deficits the most? You have to kind of link this concept to a seemingly disconnected reality.  That reality is the question of who did the banks lose all those trillions of dollars to that WE made good?  Who was the beneficiary of those loses? The money just doesn’t evaporate.  When a JPM Chase says it “lost” $3 trillion in 6 weeks, it means they had to PAY someone $3 trillion dollars.  Who was that?  Hmmm.

It is all a rathole that is siphoning our money.  We all know who the rats are and maybe it is time to look again at what has been accomplished in Iceland and adopt those kinds of approaches.

The Fox is in the Henhouse Again, and We are not Watching!

We watched as the banks were bailed out after ripping off nearly $5 trillion dollars of America’s wealth.  We are on the hook for their loses.  They were too big to fail, we were told.  It would be a disaster for the world’s economy.  The same story was then foisted on our European brothers, and again with the same “chicken little” reasoning.

Well, here we are 3 years later and the economy is still in the dumpster and we have not done one thing to correct the major problem of banks being investment firms ponied up to the roulette table wildly playing with OUR money unchecked.  Now the drunken bankers are at it again.  I have written many articles concerning this crazy derivatives market that is the banker’s hedge for the downside of this slow motion crash of the world’s economy.

This WAS one market that the bankers were exposed and WE were not on the hook for bailouts.  Well, that was until last week.  No ONE is MSM National media is even reporting this.  If you aren’t mad as hell when you read this, you are certifiably in a COMA.

Source: Washington’s Blog

Bloomberg reports that Bank of America is dumping derivatives onto a subsidiary which is insured by the government – i.e. taxpayers.

Yves Smith notes:

If you have any doubt that Bank of America is going down, this development should settle it …. Both [professor of economics and law, and former head S&L prosecutor] Bill Black (who I interviewed just now) and I see this as a desperate move by Bank of America’s management, a de facto admission that they know the bank is in serious trouble.

The short form via Bloomberg:

Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation…

Bank of America’s holding company — the parent of both the retail bank and the Merrill Lynch securities unit — held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades.

That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.

Now you would expect this move to be driven by adverse selection, that it, that BofA would move its WORST derivatives, that is, the ones that were riskiest or otherwise had high collateral posting requirements, to the sub. Bill Black confirmed that even though the details were sketchy, this is precisely what took place.

And remember, as we have indicated, there are some “derivatives” that should be eliminated, period. We’ve written repeatedly about credit default swaps, which have virtually no legitimate economic uses (no one was complaining about the illiquidity of corporate bonds prior to the introduction of CDS; this was not a perceived need among investors). They are an inherently defective product, since there is no way to margin adequately for “jump to default” risk and have the product be viable economically. CDS are systematically underpriced insurance, with insurers guaranteed to go bust periodically, as AIG and the monolines demonstrated. [Background.]

The reason that commentators like Chris Whalen were relatively sanguine about Bank of America likely becoming insolvent as a result of eventual mortgage and other litigation losses is that it would be a holding company bankruptcy. The operating units, most importantly, the banks, would not be affected and could be spun out to a new entity or sold. Shareholders would be wiped out and holding company creditors (most important, bondholders) would take a hit by having their debt haircut and partly converted to equity.

This changes the picture completely. This move reflects either criminal incompetence or abject corruption by the Fed. Even though I’ve expressed my doubts as to whether Dodd Frank resolutions will work, dumping derivatives into depositaries pretty much guarantees a Dodd Frank resolution will fail. Remember the effect of the 2005 bankruptcy law revisions: derivatives counterparties are first in line, they get to grab assets first and leave everyone else to scramble for crumbs. [Background.] So this move amounts to a direct transfer from derivatives counterparties of Merrill to the taxpayer, via the FDIC, which would have to make depositors whole after derivatives counterparties grabbed collateral. It’s well nigh impossible to have an orderly wind down in this scenario. You have a derivatives counterparty land grab and an abrupt insolvency. Lehman failed over a weekend after JP Morgan grabbed collateral.

But it’s even worse than that. During the savings & loan crisis, the FDIC did not have enough in deposit insurance receipts to pay for the Resolution Trust Corporation wind-down vehicle. It had to get more funding from Congress. This move paves the way for another TARP-style shakedown of taxpayers, this time to save depositors. No Congressman would dare vote against that. This move is Machiavellian, and just plain evil.

The FDIC is understandably ripshit. Again from Bloomberg:

The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.

Well OF COURSE BofA is gonna try to take the position this is kosher, but the FDIC can and must reject this brazen move. But this is a bit of a fait accompli,and I have NO doubt BofA and the craven, corrupt Fed will argue that moving the derivatives back will upset the markets. Well too bad, maybe it’s time banks learn they can no longer run roughshod over regulators. And if BofA is at that much risk that it can’t survive undoing this brazen move, that would seem to be prima facie evidence that a Dodd Frank resolution is in order.

Bill Black said that the Bloomberg editors toned down his remarks considerably. He said, “Any competent regulator would respond: “No, Hell NO!” It’s time that the public also say no, and loudly, to this new scheme to loot taxpayers and save a criminally destructive bank.

Professor Black provided a “bottom line” summary in a separate email:

1.The bank holding company (BAC) is moving troubled assets held by an entity not insured by the public (Merrill Lynch)  to the Bank of America, which is insured by the public
2. The banking rules are designed to prevent that because they are designed to protect the FDIC insurance fund (which the Treasury guarantees)
3. Any marginally competent regulator would say “No, Hell NO!”
4. The Fed, reportedly, is saying “Sure, no worries” by allowing the sale of an affiliate’s troubled assets to B of A
5. This is a really good “natural experiment” that allows us to test whether the Fed is protects the public or the uninsured and systemically dangerous institutions (the bank holding companies (BHCs))
6. We are all shocked, shocked [sarcasm] that Bernanke responded to the experiment by choosing to protect the BHC at the expense of the public.

Karl Denninger writes:

So let’s see what we have here.

Bank customer initiates a swap position with Bank.  In doing so they intentionally accept the credit risk of the institution they trade with.

Later they get antsy about perhaps not getting paid.  Bank then shifts that risk to a place where people who deposited their money and had no part of this transaction wind up backstopping it.

This effectively makes the depositor the “guarantor” of the swap ex-post-facto.

That the regulators are allowing this is an outrage.

If you’re a Bank of America customer and continue to be one you deserve whatever you get down the line, whether it comes in the form of higher fees and costs assessed upon you or something worse.

Stand Up to the Coup

Bank of America has repeatedly become insolvent due to fraud and risky bets, and repeatedly been bailed out by the government and American people. The government and banks are engineering an age of permanent bailouts for this insolvent, criminal bank (and the other too big to fails).  Remember, this is the same bank that is refusing to let people close their accounts.

This is yet another joint effort by Washington and Wall Street to screw the American people, and to trample on the rule of law.

The American people will be stuck in nightmare of a never-ending depression (yes, we are currently in a depression) and fascism (or socialism, if you prefer that term) unless we stand up to the overly-powerful Fed and the too big to fail banks.

This story from Bloomberg just hit the wires this week. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.

This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.

This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input. You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve.

What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.

First folks, we are talking over $150 Trillion of exposure.  That is 10 times our GDP!  Would you give me 100% of your income for the next ten years because I need it to make up my gambling loses!  What would you say to me?  You know, the OWS call for a BANK TRANSFER DAY in early November is getting to be a really significant idea.  If the banks refuse to act in a responsible manner and the FED is refusing to discipline its children, then we have to just take their “toys” (our money) away from the bankers.  It is time for “time out” for our out of control children.  Check out your local credit unions, they are real functioning banking organizations owned and controlled by their depositors and members.  Congress will never vote our interest, so we have to vote with our bucks.

The Four Issues to Watch This Week and Next

In a world where everything is happening at an ever accelerating pace, and the MSM is more into lulling you to sleep mode with the psuedo-politics and celebrity watches (with as many commercials as possible per segment), it is hard to focus on the important issues; the issues that will directly affect your life.

For the next few weeks we suggest you pay attention to these issues.

Wall Street Protests

The protest that started without leaders or agenda has really picked up steam and has spread to 26 cities nationwide.  There is also a singular articulate voice arising from the group.  Simply put, it states that the 99% of us are no longer going to tolerate the greed and avarice of the 1% and their hijacking of the political system in America.

Specifically, the organization has issued this statement below.  I think you will find it both interesting that MSM is portraying these demonstrations as unorganized gatherings of druggies, the usual assortment of protestors that show up at G7 meetings, etc.  I think after reading their statement you will understand that these demonstrations are much more than that.  You be the judge.

Declaration of the Occupation of New York City

As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.

As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.

They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.

They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.

They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation.

They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

They have profited off of the torture, confinement, and cruel treatment of countless nonhuman animals, and actively hide these practices.

They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.

They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.

They have influenced the courts to achieve the same rights as people, with none of the culpability or responsibility.

They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.

They have sold our privacy as a commodity.

They have used the military and police force to prevent freedom of the press.

They have deliberately declined to recall faulty products endangering lives in pursuit of profit.

They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.

They have donated large sums of money to politicians supposed to be regulating them.

They continue to block alternate forms of energy to keep us dependent on oil.

They continue to block generic forms of medicine that could save people’s lives in order to protect investments that have already turned a substantive profit.

They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.

They purposefully keep people misinformed and fearful through their control of the media.

They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.

They have perpetuated colonialism at home and abroad.

They have participated in the torture and murder of innocent civilians overseas.

They continue to create weapons of mass destruction in order to receive government contracts.*

To the people of the world,

We, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.

Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.

To all communities that take action and form groups in the spirit of direct democracy, we offer support, documentation, and all of the resources at our disposal.

Join us and make your voices heard!

*These grievances are not all-inclusive.

The Second Issue to watch is the slow “Sam Peckinpah” demise of the EU.  There is talk of having the IMF step up and buy all of the paper, but it just that talk.  Walking the walk would mean that member countries would have to pony up about $3.7 Trillion and either they simple don’t have that kind of dough or the political will to extract it from their people.   Germany is frantically printing Deutschmarks as we speak. The impact to the markets is well.. can you say tsunami.

The Third Issue remains the solar weather.  We have currently one of the most active “earth facing” sunspot situations so far.  Two of the most active and of concern areas are Sunspot #1305 which has already produce a couple of impressive CMEs and geo-storms, and Sunspot #1313 which is just now rotating into view.  #1313 is believed to have produced the “full Halo” CME on the backside just a few days ago.  Check those batteries and candles one more time.

Finally, we have some interesting news out of NASA on Wednesday.  It seems just as we to pass through the path of the non-important ELENIN path, we ARE going to encounter a “Draconid Meteor Outburst!” Honest folks, I couldn’t make this up.  This from NASA:

Draconid Meteor Outburst

Oct. 4, 2011: On October 8th Earth is going to plow through a stream of dust from Comet 21P/Giacobini-Zinner, and the result could be an outburst of Draconid meteors.  “We’re predicting as many as 750 meteors per hour,” says Bill Cooke of NASA’s Meteoroid Environment Office. “The timing of the shower favors observers in the Middle East, north Africa and parts of Europe.”

Comet 21P/Giacobini-Zinner in Nov. 1998 photographed by astronomers at Kitt Peak.  Every 6.6 years Comet Giacobini-Zinner swings through the inner solar system. With each visit, it lays down a narrow filament of dust, over time forming a network of filaments that Earth encounters every year in early October.  “Most years, we pass through gaps between filaments, maybe just grazing one or two as we go by,” says Cooke. “Occasionally, though, we hit one nearly head on–and the fireworks begin.”  2011 could be such a year. Forecasters at NASA and elsewhere agree that Earth is heading for three or more filaments on October 8th. Multiple encounters should produce a series of variable outbursts beginning around 1600 Universal Time (noon EDT) with the strongest activity between 1900 and 2100 UT (3:00 pm – 5:00 pm EDT).  Forecasters aren’t sure how strong the display will be, mainly because the comet had a close encounter with Jupiter in the late 1880s. At that time, the giant planet’s gravitational pull altered the comet’s orbit and introduced some uncertainty into the location of filaments it has shed since then. Competing models place the filaments in slightly different spots; as a result, estimated meteor rates range from dozens to hundreds per hour.

So make sure you have your popcorn and beer stocked up.  It looks like an interesting helluva of a week.

 

What Goes Up….! Where is the Down?

A lot of people lament the lack of upward mobility in the U.S. right now and I share those sentiments. However, equally important is downward mobility. What makes the concept of America unique is not merely the concept that the poor can become rich but that the rich can become poor. It is this second part that is the most dangerous to social cohesion when it disappears. Unfortunately, the system that we have today of an unholy alliance between Wall Street, Washington D.C. and the multi-national corporations (including the military industrial complex of course) stands there holding onto all the levers of power to serve as gatekeepers of their own empires.

Consider this when we think about how the game is “rigged” right now.  From Matthew Cardinale of the
Inter Press Service on  28 Aug 2011.

Atlanta, Georga: The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.   “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else,” U.S. Senator Bernie Sanders, an Independent from Vermont, said in a statement.   The majority of loans were issues by the Federal Reserve Bank of New York (FRBNY).

“From late 2007 through mid-2010, Reserve Banks provided more than a trillion dollars… in emergency loans to the financial sector to address strains in credit markets and to avert failures of individual institutions believed to be a threat to the stability of the financial system,” the audit report states.  “The scale and nature of this assistance amounted to an unprecedented expansion of the Federal Reserve System’s traditional role as lender-of-last-resort to depository institutions,” according to the report.   The report notes that all the short-term, emergency loans were repaid, or are expected to be repaid.

The emergency loans included eight broad-based programs, and also provided assistance for certain individual financial institutions. The Fed provided loans to JP Morgan Chase bank to acquire Bear Stearns, a failed investment firm; provided loans to keep American International Group (AIG), a multinational insurance corporation, afloat; extended lending commitments to Bank of America and Citigroup; and purchased risky mortgage-backed securities to get them off private banks’ books.

Overall, the greatest borrowing was done by a small number of institutions. Over the three years, Citigroup borrowed a total of 2.5 trillion dollars, Morgan Stanley borrowed two trillion; Merryll Lynch, which was acquired by Bank of America, borrowed 1.9 trillion; and Bank of America borrowed 1.3 trillion.  Banks based in counties other than the U.S. also received money from the Fed, including Barclays of the United Kingdom, the Royal Bank of Scotland Group (UK), Deutsche Bank (Germany), UBS (Switzerland), Credit Suisse Group (Switzerland), Bank of Scotland (UK), BNP Paribas (France), Dexia (Belgium), Dresdner Bank (Germany), and Societe General (France).

“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the President,” Sanders wrote.   In recent days, Bloomberg News obtained 29,346 pages of documentation from the Federal Reserve about some of these secret loans, after months of fighting in court for access to the records under the Freedom of Information Act.  Some of the financial institutions secretly receiving loans were meanwhile claiming in their public reports to have ample cash reserves, Bloomberg noted.   The Federal Reserve has neither explained how they legally justified several of the emergency loans, nor how they decided to provide assistance to certain firms but not others.

“The main problem is the lack of Congressional oversight, and the way the Fed seemed to pick winners who would be protected at any cost,” Randall Wray, professor of economics at University of Missouri- Kansas City, told IPS.   “If such lending is not illegal, it should be. Our nation really did go through a liquidity crisis – a run on the short-term liabilities of financial institutions. There is only one way to stop a run: lend reserves without limit to all qualifying institutions. The Fed bumbled around before it finally sort of did that,” Wray said.

“But then it turned to phase two, which was to try to resolve problems of insolvency by increasing Uncle Sam’s stake in the banksters’ fiasco. That never should have been done. You close down fraudsters, period. The Fed and FDIC (Federal Deposit Insurance Commission) should have gone into the biggest banks immediately, replaced all top management, and should have started to resolve them,” Wray said.

For many years conventional wisdom has said that the whole world is controlled by the monied elite, or more recently by the huge multi-national corporations that seem to sometime control the very air we breathe. Now, new research by a team based in ETH-Zurich, Switzerland, has shown that what we’ve suspected all along, is apparently true. The team has uploaded their results onto the preprint server arXiv.

Using data obtained (circa 2007) from the Orbis database (a global database containing financial information on public and private companies) the team, in what is being heralded as the first of its kind, analyzed data from over 43,000 corporations, looking at both upstream and downstream connections between them all and found that when graphed, the data represented a bowtie of sorts, with the knot, or core representing just 147 entities who control nearly 40 percent of all of monetary value of transnational corporations (TNCs).

When we look to the East and watch our Arab brothers struggle against tyranny, I don’t think we connect their struggle to us.  However, I assure you that the roots of that struggle was economic slavery, not unlike we, both in the US and the EU, are rapidly marching (or is it being herded?) toward at this very minute.

As we awaken to these facts, it is apparent that the PTB, who wish to continue their “project”, are having more and more of a difficult time unfolding “their solutions” to our problems.  You know “solutions’ like raiding retirement and pension funds, eliminating worker’s unions, ending any “social programs” of any kind.

Probably the most important news story of September 7th won’t be reported by International MSM.  No, it won’t be Obama’s speech on Jobs, nor will it be the outcome of the first games in the NFL.  It will be this.

Seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions.  German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe’s revamped rescue machinery, threatening a constitutional crisis in Germany and a fresh eruption of the euro debt saga.

Mrs. Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country’s constitutional court rules on the legality of the EU’s bail-out machinery.   If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

The seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling, the EFSF’s director.  German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote against the package, including twelve of the 44 members of Bavaria’s Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

Christian Wulff, Germany’s president, stunned the country last week by accusing the European Central Bank of going “far beyond its mandate” with mass purchases of Spanish and Italian debt, and warning that the Europe’s headlong rush towards fiscal union strikes at the “very core” of democracy. “Decisions have to be made in parliament in a liberal democracy. That is where legitimacy lies,” he said.

A day earlier the Bundesbank had fired its own volley, condemning the ECB’s bond purchases and warning the EU is drifting towards debt union without “democratic legitimacy” or treaty backing.  Joahannes Singhammer, leader of the CSU’s Bundestag group, accused the ECB of acting “dangerously” by jumping the gun before parliaments had voted. The ECB is implicitly acting on behalf of the rescue fund until it is ratified.

Mrs. Merkel faces mutiny even within her own Christian Democrat (CDU) family. Wolfgang Bossbach, the spokesman for internal affairs, said he would oppose the package. “I can’t vote against my own conviction,” he said.   The Bundestag is expected to decide late next month on the package, which empowers the EFSF to buy bonds pre-emptively and recapitalize banks. While the bill is likely to pass, the furious debate leaves no doubt that Germany will resist moves to boost the EFSF’s firepower yet further. Most City banks say the fund needs €2 trillion to stop the crisis engulfing Spain and Italy.   Mrs. Merkel’s aides say she is facing “war on every front”. The next month will decide her future, Germany’s destiny, and the fate of monetary union.

I make all these points because we must think clearly and precisely now.  No politics, nor economic religion, just fix this now, and we can.  We start by taking some people DOWN.  Start to put some balance back into the equation.  I think the audit of the FED would be an excellent place to start that quest.

Secondly, we must be informed voters and place candidates that understand clearly the goals of restoring balance into our global economy through prudent but thorough regulatory changes.  That must, by its nature, start with the political process elements of our societies.   I cannot think of anything more important to you on a personal basis than this.

 

Making Sense of the Events in The Middle East

MSM tends to report the events in Egypt, Yemen, Tunsia, Bahrain, Syria, and Libya as if they were all the same.  The same MSM, both western and Arab tend to paint the involvement of the EU, UK, and the US as purely self interests related to oil.  In both cases to do so does not create an understanding of the real complex and in all cases, country specific issues.  Nor does these same western countries relate the events in the region to events at home in their own countries.

Let’s address the “oil” issue first. The truth is that the entire global economy, including the side-liners like Russia, China, and India economies,  must have a SECURE supply of oil.  If anyone of these nations were really “after the oil”, Kuwait would be a US territory as well as Iraq.  That is not the case in either country and the US pays MARKET price to these countries for their oil, just like everyone else.  The same could be said of the european countries as related to Libya.  So from my perspective and vantage point, the oil imperialism argument, primarily kept in the mainstream by Iran, is just a red herring argument.

When we look at the divisions within the Arab countries, Iran is the nation, fomenting the issues.  What most Westerners fail to grasp is the fact that while Iran is primarily a Shia nation, they are NOT Arabs!  Iran is Persian.  One only has to look deeply at how Iran has constantly be meddling in the affairs of Iraq to understand why there is more concern in the Arab world over the activities of Iran than there are concerns about Western interference.

That is not to say that the Arab countries are all that secure with their relationships with the US and EU, but these concerns are more related to the consistency that may be demonstrated by the US and the EU and NATO related to assisting in the security and protection of Arab countries in relationship to Iran.  these concerns are well founded and have resulted from the fickle manner in which both the US and NATO have acted in the past.  These concerns were voiced again when US Secretary Gates visited Saudi Arabia last week.

The GCC countries are especially worried about the Iranians , their aggressiveness in the region, and their ability to disrupt the flow of oil to the world.  GCC foreign ministers on Sunday condemned Iran’s “blatant” interference in the State of Kuwait’s internal affairs, accusing Iran of “planting espionage networks on [Kuwait’s] territory” to undermine the country’s security and stability and the interests of its citizens. In a statement issued at the conclusion of their extraordinary one-day meeting, the foreign ministers commended Kuwait’s security bodies for uncovering the sleeper cell of spies believed to be working covertly on Iran’s behalf. The ministers also affirmed their support for all the measures taken by the State of Kuwait to protect its national security.

The statement further noted that the senior government officials had expressed concern at what they called “continuous Iranian interference in the domestic affairs of the GCC countries, by conspiring against those nations’ national security … and instigating sectarian sedition between their GCC countries’ citizens, independence, principles of good neighborliness, international laws, the Charter of the UN and OIC.” The foreign ministers also welcomed the return of calm and stability to the Kingdom of Bahrain, praising the spirit of the Bahraini people who it said had sought the country’s higher interests.

Bahrain has the capabilities and wisdom to dealing with its internal affairs, said the ministers, whilst stressing that they “strongly condemn the Iranian interference” in Bahrain’s affairs. The senior government officials also stressed the legitimacy of the deployment of Peninsula Shield forces in Bahrain, which they indicated was compliant with an earlier defense agreement binding the six GCC countries – Kuwait, Saudi Arabia, Bahrain, Oman, Qatar and UAE.

The GCC ministers further condemned the Iranian Shura Council’s national security and foreign affairs committee’s statement which claimed that Saudi Arabia’s policy was “playing with fire.” The Iranian statement, which also called on Saudi Arabia to pull out forces from Bahrain, “is a hostile position and is a provocative interference in the internal affairs of the GCC countries,” the ministers warned.

On Yemen, the foreign ministers voiced great concern over the deterioration of security and the growing divisions in the country, a matter that would undermine interests of citizens and economy as a whole. They called on all parties in Yemen to launch dialogue to ultimately reach reform and bring about social stability. The ministers said they respected the wishes and choices of the Yemeni people, adding that they would be establishing contact with the Yemeni government and opposition to address the conflict

Also on Sunday, the UAE’s Foreign Minister Sheikh Abdullah bin Zayed Al-Nuhayyan said that there is a “huge contradiction” between Iran’s words and its deeds towards the GCC countries. “The espionage networks that were arrested in the State of Kuwait are strange [things to] happen from a neighboring country that always claims to have good neighborly relations with us,” Sheikh Abdullah told a joint news conference with GCC Secretary General Abdullatif Al-Zayyani that followed the ministers’ meeting.

The Gulf Cooperation Council (GCC) countries are firmly behind the Bahraini King’s request to send Peninsula Shield forces to the Kingdom, he reiterated. Concerning events in Yemen, meanwhile, Sheikh Abdullah said the GCC countries would be contacting the government and opposition parties there in a bid to resolve their conflict. Al-Zayyani on his part said that there are currently numerous challenges facing the GCC countries, further reiterating the member states demand for “other countries not to interfere in the GCC countries’ affairs.

Meanwhile, Kuwait’s caretaker foreign minister Sheikh Dr. Mohammad Al-Sabah told a Kuwaiti daily Al-Qabas via phone following the meeting that the talks, as well as the concluding statement, “reflect the collective spirit of the GCC,” indicating that “GCC Foreign Ministers insisted on the common united fate of GCC countries,” whilst also noting that the Bahraini subject and current events in Kuwait were equally addressed during the meeting and stressing the cohesion of the GCC as a single unit. “The GCC proved to be capable of meeting its responsibilities, and showed that to the security of member states…meaning a threat to any GCC state is regarded as a threat to all countries of the region”.

Meanwhile, in the same article, Al-Qabas, also quoted GCC insiders as saying that the foreign ministers had agreed during the meeting that all the member states’ capabilities would be utilized to confront any potential threats against any member state. The sources further indicated that the senior government officials agreed on the principal measures that should be taken to face any Iranian threats, adding that an agreement was also reached to hold further top-level GCC meetings featuring senior security and defense personalities within the next couple of days to discuss the type of measures to be taken and the strategies to be utilized for their implementation.  The insiders further asserted that the GCC foreign ministers were unanimous in stressing the importance of eliminating “suspicious individuals” in member states, while ensuring that this process is not based on group identity. Other sources also revealed that an agreement was reached to “reinforce internal fronts” in the member states in order to confront any attempts to incite sectarianism.

Given these issues and the economic situations in each of the countries now experiencing internal conflicts it is crucial for the US, the EU, and NATO to develop a consistent and strong policy to support it’s vital Arab partners.  Players like Russia, China, and India are sitting on the sidelines looking for opportunities to exploit the failures of the US and EU policy in the region.  So far, their decision to remain on the sidelines, and even tacitily support Iran seems to have traction.  The politicians in the US and EU better get their act together before oil goes to $200 or $300 per barrel.  Commit to their Arab partners and support them unconditionally.

It’s Time for Some Honest Disclosure

For those who are both internet savvy and like conspiracy theories, it has been postulated for a long time that the PTB and world leaders have known about coming events and the concern over 2012 is very real.  The Mayan Calendar, the Hopi Prophecies, the Bible, especially the Book of Revelations, and several other ancient texts seem to point to this conclusion.

In addition, there are the predictions of Nostradamus, Edgar Cayce, and Mother Shipton and several others that also point to this time as a time of great change or in fact, the end.  So what is real and what is just wild speculation and sensationalism?  What are the facts?

Well, I am going to try and present what I think may be closest to the truth.  We live in a dynamic and sometimes violent universe.  To first understand the dynamics, we need to understand a few numbers.  First, the earth is rotating at about 1790 miles per hour (MPH), then the earth is orbiting the sun at about 65,000 MPH, and finally the sun is orbiting the Galaxy at about 475,000 MPH.  In short, we are really zipping through space at about .0073 the speed of light!

Secondly, we need to understand the electromagnetic forces at play.  We understand these forces on earth as gravity, but in reality that is the smallest of EM forces we experience.  A much larger force is exerted on the planet from electromagnetic forces resulting from coronal mass ejections (CMEs) from our sun, and finally EM forces being exerted on us from the center of the galaxy and any other incoming forces from nearby novas and other violent cosmic events.

Finally, we are being bombarded by all kinds of energetic forces such as x-rays and comic energies of all sorts, some so small and moving so fast that they can pass entirely through our planet and never collide with any particles as a result.  This is an important element of the equation to understand, because it is this energy that may be the most significant element to understand.

We all seem to know the famous equation of Einstein, E=MC2.  Generally, we also understand that formula to mean that energy is created when matter is accelerated to the speed of light squared.  Beyond that, most of us do not understand the real meaning of this significant discovery.  Think of it in this manner, if energy is created by accelerating mass to very high speed, then matter can be created as a result of energy being slowed dramatically.  This is the element of the equation that even most physicists do not factor.  The reality here is that if the energy is being “captured” by the earth, where is it going?  The fact is the earth is growing all the time.  The core of the planet is converting the energy captured to matter and the planet is getting bigger all the time! We are an expanding planet. A very good explanation can be found here, Expando Planet.

As we have seen in the recent Japanese earthquake, the planet is NOT terra firma, but is instead floating plates that can move and sometimes can do so violently.  The earthquake in Japan moved the entire island of Japan 13 feet to the east!  The entire island!

Ok, now this is what I think we need to understand.  First the earth is careening through the universe at amazing speeds, and is at the same time absorbing tremendous amounts of energy, enough energy that the earth is accumulating mass over time.  As the earth accumulates mass, it expands.  Most of the time, this process is very slow and we experience earthquakes and volcanoes, but certainly not at the pace that we would even notice, except to read about them.

However, sometimes, events converge which can create a situation (about every 330,000 years) where this process is greatly accelerated, even considered sudden.  That is where we are right now.  We are moving through a highly energetic “cloud” in space at the same time we are experiencing one of the largest solar maximums that we are aware of at the same time we are moving through the galactic plane where we experience the strongest gravitational pull from the center of the galaxy.

To put things in perspective, we normally experience 6.0 or greater earthquakes between 50-100 per year.  We have experienced 50 in the last week!  Volcanic activity is accelerating dramatically and solar activity has really ratcheted up in the last 60 days.  In short, our beautiful little blue planet is getting slammed from all sides.  If I were a pilot right now, I would tell you to return to your seats and buckle up as we are headed into some strong turbulence.  To put another way, we are racing at the Daytona 500 and the “big wreck” just happened in front of us and now we are hoping to get through the wreckage without wrecking ourselves.  Unfortunately our “spotters” (our governments and those in the know) have chosen not to talk us through it.

Consider what you are seeing in Japan and ask yourself one question.  Are you ready to survive for two to three months without anything more than you have in your home right at this moment?  If not, get prepared.  Water, food, temporary shelter, and protective clothing from the elements are the essentials.  Talk with your family on where and how you communicate and gather.  These are simple things to achieve.  Do it now, there is more coming and soon.

Also you should pay attention to solar activity and here is a good place to do that, Solar Cycle 24. You should also monitor earthquake activity and here is a good place to do that Recent World Earthquakes.  Finally, you can watch real time the forces the sun is exerting on the earth here, Real Time Magnetosphere Simulation.

Watch 25 March as a special date, especially if you live on the West Coast of the US or in the Mississippi Valley.

PLEASE.