By Judge Andrew P. Napolitano December 18, 2014
When the government is waving at us with its right hand, so to speak, it is the government’s left hand that we should be watching. Just as a magician draws your attention to what he wants you to see so you will not observe how his trick is performed, last week presented a textbook example of public disputes masking hidden deceptions. Here is what happened.
Last week was dominated by two huge news stories. One was the revelation by the Senate Intelligence Committee of torture committed by CIA agents and contractors on 119 detainees in the post-9/11 era — 26 of whom were tortured for months by mistake. In that revelation of anguish and error were the conclusions by CIA agents themselves that their torture had not produced helpful information. President Barack Obama acknowledged that the CIA had tortured, yet he directed the Department of Justice not to prosecute those who tortured and those who authorized it.
The other substantial news story was the compromise achieved by Congress and the White House to fund the government through the end of September 2015. That legislation, which is 2,000 pages in length, was not read by anyone who voted for it. It spends a few hundred billion dollars more than the government will collect in tax revenue. The compromise was achieved through bribery; members of Congress bought and sold votes by adding goodies (in the form of local expenditures of money borrowed by the federal government) to the bill that were never debated or independently voted upon and were added solely to achieve the votes needed for passage. This is how the federal government operates today. Both parties participate in it. They have turned the public treasury into a public trough.
Hidden in the law that authorized the government to spend more than it will collect was a part about funding for the 16 federal civilian intelligence agencies. And hidden in that was a clause, inserted by the same Senate Intelligence Committee that revealed the CIA torture, authorizing the National Security Agency to gather and retain nonpublic data for five years and to share it with law enforcement and with foreign governments. “Nonpublic data” is the government’s language referring to the content of the emails, textmessages, telephone calls, bank statements, utility bills and credit card bills of nearly every innocent person in America — including members of Congress, federal judges, public officials and law enforcement officials. I say “innocent” because the language of this legislation — which purports to make lawful the NSA spying we now all know about — makes clear that those who spy upon us needn’t have any articulable suspicion or probable cause for spying.
The need for articulable suspicion and probable cause has its origins in the Fourth Amendment to the Constitution, which was written to prohibit what Congress just authorized. That amendment was a reaction to the brutish British practice of rummaging through the homes of American colonists, looking for anything that might be illegal. It is also a codification of our natural right to privacy. It requires that if the government wants nonpublic data from our persons, houses, papers or effects, it must first present evidence of probable cause to a judge and then ask the judge for a search warrant.
Probable cause is a level of evidence that is sufficient to induce a judge into concluding that it is more likely than not that the place to be examined contains evidence of crimes. In order to seek probable cause, the government must first have an articulable suspicion about the person or place it has targeted. Were this not in the law, then nothing would stop the government from fishing expeditions in pursuit of anyone it wants to pursue. And fishing expeditions turn the presumption of liberty on its head. The presumption of liberty is based on the belief that our rights are natural to us and that we may exercise them without a permission slip from the government and without its surveillance.
Until last week, that is. Last week, Congress, by authorizing the massive NSA spying to continue and by authorizing the spies to share what they have seized with law enforcement, basically permitted the fishing expeditions that the Fourth Amendment was written to prevent.
How can the president and Congress defy the Constitution, you might ask? Hasn’t every member of the government taken an oath to uphold the Constitution? Doesn’t the Constitution create the presidency and the Congress? How can politicians purport to change it?
The answers to these questions are obvious, as is the belief of most of those in government that they can write any law and regulate any behavior and ignore the Constitution they have sworn to uphold whenever they want, so long as they can get away with it.
By Greg Hunter On December 17, 2014
By Greg Hunter’s USAWatchdog.com
Former Assistant Treasury Secretary Dr. Paul Craig Roberts thinks the only thing that explains the plunge in the Russian ruble is that it is being attacked by America. Roberts contends, “It is not a currency crash in the sense there are no economic reasons for the ruble’s fall. Unlike the United States, which has a massive trade deficit, and if the currency markets were not rigged, the dollar would be collapsing, the Russian economy has a trade surplus. Therefore, there is no pressure on its currency for economic conditions.” Dr. Roberts goes on to say, “This is not some independent action of market forces. So, it’s either hedge funds, currency speculators like Soros, or it’s an Act of War on behalf of the United States government by the Federal Reserve or the Exchange Stabilization Fund. . . or possibly both hedge funds working with the federal government.”
Manipulating the markets, any market, is supposed to be illegal, but don’t count on the bankers going to jail. Dr. Roberts, who has a PhD in economics, thinks, “The big banks, the big Wall Street money, are essentially agents of the government. This is why they don’t get prosecuted. This is why they can break all kinds of laws, commit felonies and settle with a fine. This is what we’ve been watching in the financial arena. When these financial gangsters are caught, instead of being indicted and put on trial, they pay money.”
How could the Russians retaliate? Dr. Roberts says, “If the Russians wanted to do payback, it’s very easy for them. The next time all of these contracts, paper gold contracts, are dumped on the futures market, the Russians need to go and buy them all up, then demand delivery because there is no gold to deliver. The whole system would collapse. So, the Russians could cause a gold squeeze here anytime they want. . . . They would blow the system wide open because they can’t make delivery.”
On war, Dr. Roberts says recent resolutions passed in Congress certainly point to it. Dr. Roberts explains, “These resolutions demonize Russia and define it as a great threat. They call on Obama to arm the Ukrainians so we can use the Ukrainians to fight Russia. In other words, we are going to fight Russia down to the last Ukrainian. Of course, the Ukraine can’t fight Russia. The whole purpose of this is to have the Russians slap them down, then we can go to the Europeans and say see, see the Russians invaded and look how dangerous they are. You’re next. They will be in Berlin tomorrow. They’ll be in London by the end of the week. Paris will fall, and Rome will burn. We can’t wait to tell the Europeans this because the whole purpose of this is to completely break every kind of relationship, economic, political and cultural, between Russia and Europe. That’s what Washington’s goal is. That’s what it’s all about. This includes attacks on the ruble and sanctions. They are setting up a war that nobody can win, for what reason? For American superiority? You don’t have superiority if the world is awash in radioactive waste and there is nuclear winter. The climate has collapsed. The whole thing is an absurdity.”
On the teetering economy and possible economic collapse, Dr. Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors’ money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of this, so they can gamble on derivatives, and taxpayers and depositors are on the hook for the losses. Why would you do that unless you had a lot of derivatives trouble. It could easily be the oil derivatives. . . . The banks can gamble all they want and they are covered by the FDIC, which has no money. . . . This gives the banks access to depositors’ money. . . . This is sick, and it shows the United States government is the most corrupt government on earth, far more corrupt than Russia or China.”
Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.
(There is much more in the video interview with Dr. Roberts.)
16 Dec, 2014 by Dave Hodges
America’s first 9/11 served to turn America into a police state under dictatorial control. In the name of protecting the people from experiencing another 9/11, it became “necessary” to protect Americans from their Constitutional liberties in the name of fighting the “evil doers”. After 9/11 we saw the creation of the American Stasi and SS organizations in the name of the creation of the Fusion centers, the inception of the Department of Homeland Security, the growing menace of the sexual assault artists from the TSA, the creation of unconstitutional no fly lists, the creation of a government enemies list (i.e. MIAC Report), the implementation of permanent detention under the NDAA, the implementation of an embedded police state surveillance grid under the NSA where no secret is safe and even our pastors became agents of the rogue government under the creation of the Clergy Response Teams.
When X-Files characters of Mulder and Scully used to say “trust nobody”, they must have been talking about the time we are living in.
AMERICA’S SECOND 9/11 IS ALMOST UPON US!
America Is In the Early Days of An Economic Collapse
The absolute and complete destruction of the financial collapse headed our way, is going to manifest in three areas: (1) the theft of retirement accounts, (2) the theft of bank accounts, and (3) false flag(s) distractions to cover the theft of bank accounts and retirement accounts.
The events listed above will arrive simultaneously and will be visited upon the American people like a thief in the night. There will no real warning, only a declared bank holiday that will be declared on a Friday late in the afternoon in order to minimize the publics volatility by planning the roll out of the event going into a weekend. There will be no announcement that your retirement accounts have been looted by the bankers, retirees will simply not receive their retirement checks. Your ATM cards will not work and grocery stores will begin to feel the strain through the weekend as some people will begin to see these events for what they are and begin panic buying and shortages will appear almost overnight. This is why America embarked on the 1033 plan to militarize the police because the military and the foreign troops training on our soil cannot be everywhere. This is also why we are seeing such an increased rate of police brutality across the country, because the police are being trained that the American people are the enemy and in this scenario, they are correct.
Military assets will have been positioned weeks prior to the collapse to contain the rioting that will ensue inside of cities experiencing the most civil unrest. There will be no 9/11 to call, you will be on your own. The rioting will begin in earnest by Tuesday or Wednesday following the closure of the banks. Why? Because most Americans have not prepared for what is coming and they are only nine meals away from life-threatening starvation. Within 72 hours of the commencement of civil unrest, many personnel connected to essential services will walk off the job in order to protect their families on a 24/7 basis. How do we know this is true, just look at what happened in the aftermath of Hurricane Katrina.
“The real owners are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they’re an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the statehouses, the city halls. They’ve got the judges in their back pockets. And they own all the big media companies, so that they control just about all of the news and information you hear. They’ve got you by the balls. They spend billions of dollars every year lobbying lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else.” – George Carlin
After the disgusting example of politicians of both spineless parties bowing down before Wall Street, the military industrial complex and corporate interests this weekend with the passage of a bloated pig of a spending bill totaling $1.1 trillion, how can anyone not on the payroll of the vested interests not admit there is only one party – and it serves only the needs of the wealthy business interests. Obama, champion of the common folk, signed this putrid example of political corruption and corporate capture of the American political system. For all the believers who voted for the red team in the November mid-terms, this is what you got – a bipartisanship screwing of the American people.
The entire episode has been nothing but Kabuki Theater. Both parties have proven to be puppets marching to the tune of Wall Street moneyed interests, while further entrenching the status quo by voting to allow more corporate influence over the election process. Each side of the aisle allowed just enough dissent to make it appear they might not reach an agreement. But at the end of the day Pelosi, Boehner, Reid and McConnell joined hands and gave it to the American public good and hard. And of course we had the candidates for president in 2016 Warren and Cruz playing to their constituents with speeches and maneuvers designed to make them look like fighters for the common man. It was nothing but a show, as they did nothing substantive to stop the bill from passing.
What this entire debacle has proven is that voting doesn’t matter. Your vote is meaningless. Political parties are nothing more than a front for the vested interests. The corrupt politicians are bought and sold by Wall Street and corporate interests. The bills are written by lobbyists for the vested interests. When a spending bill is over 1,700 pages, the purpose is to obscure, hide and insert provisions that will benefit those with money to influence the process at the expense of average Americans. None of the perpetrators in Congress actually read this bill. The public had no say regarding this bill. If this is what bipartisan cooperation looks like, I’ll take gridlock. The system has been so completely captured by those pulling the wires, they no longer even pretend to care what we think. They keep winning and care not about the consequences of their ruthless despicable pillaging.
Posted Monday, 15 December 2014
By Michael Noonan
The clichéd definition of insanity is doing the same thing over and over and expecting different results.
There is no room for sanity in the United States, anymore, and the public is sleepwalking through it all. Arguably, this has been carefully orchestrated by the elites over the past century, as in 100 years and not just in the past decade or so. Capitalism is dead in the US, and has been for decades. Ironically, China and Russia are far more capitalistic. Once the elites took over the money supply, with the passage of the Federal Reserve Act in 1913, there was a concerted effort to take over all media and start a propaganda scheme that is far superior than any other country in effective population control.
What did Wall Street just do? It guaranteed that any losses from all derivatives that arise within the bankrupt banking system will be passed onto the taxpaying serfs called United States citizens. When Congress just passed its bill allowing the [bankrupt] government to keep spending with abandon, attached to the bill was a portion written by Citicorp that allows financial institutions [read that as Wall Street banks] to trade in certain derivatives that are insured by the FDIC. What it means is that taxpayers will be responsible for all losses resulting from theses derivative contracts.
The US debt is now at $16+ trillion dollars, thanks to “I-will-cut-the-deficit-in-half-if-you-elect-me Obama.” Trillion dollar deficits were unheard of before Obama was elected. What is the potential loss exposure by these bank’s derivative gamblings? $300+ trillion. The banker-caused crash of 2008/09 was nothing when compared to what will happen when these risky derivative deals fall apart, as they will. With losses socialized, there is no incentive for bankers to be careful in crafting their derivative deals that are created solely for the purpose of generating huge fees for them. If a deal happens to work out, it will have been by accident.
How much insurance is there within the FDIC [Federal Deposit Insurance Corp]? About $25 billion: $25,000,000,000.
How much in deposits are there in US commercial banks? About $9,300+ billion: $9,300,000,000,000.
One more time: what is the derivative risk exposure now written into law” $300+ trillion: $300,000,000,000,000.
When the banks lose on their derivatives, and after allowing for $25 billion in FDIC insurance, the public now is on the hook for the remaining $299,975,000,000,000. This makes the current deficit of $16 trillion look more like petty cash.
Where is the public outrage over this? The short answer: There is none.
Is this the start of the next major financial crisis?
by MICHAEL SNYDER | ECONOMIC COLLAPSE | DECEMBER 15, 2014
Is this the start of the next major financial crisis? The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet. On June 16th, U.S. oil was trading at a price of $107.52. Since then, it has fallen by almost 50 dollars in less than 6 months. This has only happened one other time in our history. In the summer of 2008, the price of oil utterly collapsed and we all remember what happened after that. Well, the same patterns that we witnessed back in 2008 are happening again. As the price of oil crashed in 2008, so did prices for a whole host of other commodities. That ishappening again. Once commodities started crashing, the market for junk bonds started to implode. That is also happening again. Finally, toward the end of 2008, we witnessed a horrifying stock market crash. Could we be on the verge of another major one? Last week was the worst week for the Dow in more than three years, and stock markets all over the world are crashing right now. Bad financial news continues to roll in from the four corners of the globe on an almost hourly basis. Have we finally reached the “tipping point” that so many have been warning about?
What we witnessed last week is being described as “a bloodbath” that was truly global in scope. The following is how Zero Hedgesummarized the carnage…
WTI’s 2nd worst week in over 3 years (down 10 of last 11 weeks)
Dow’s worst worst week in 3 years
Financials worst week in 2 months
Materials worst week since Sept 2011
VIX’s Biggest week since Sept 2011
Gold’s best week in 6 months
Silver’s last 2 weeks are best in 6 months
HY Credit’s worst 2 weeks since May 2012
IG Credit’s worst week in 2 months
10Y Yield’s best week since June 2012
US Oil Rig Count worst week in 2 years
The USDollar’s worst week since July 2013
USDJPY’s worst week since June 2013
Portugal Bonds worst week since July 2011
Greek stocks worst week since 1987
The stock market meltdown in Greece is particularly noteworthy. After peaking in March, the Greek stock market is down 40 percent since then. That includes a 20 percent implosion in just the past three trading days.
Published on Dec 12, 2014
SGT REPORT ECONOMIC NEWS UPDATE: Documenting the Collapse for the week ending Friday, Dec 12, 2104.
– The System IS Collapsing, Here’s the Latest Dramatic Proof:
– U.S Treasury seeks ‘Survival Kits’ for Federal Bank Examiners
– CME Implements $400 wide gold circuit breakers for vast price swings
– U.S. Taxpayers Now On The Hook For $303 TRILLION in Wall Street Derivatives