Happy New Year 2012!

Sending out the old and bringing in the NEW

Have a Wonderful, Prosperous, Safe, and FREE 2012!

Col. Craig Roberts Discusses Oklahoma City Bombing Investigation Inconsistencies (Video)

Col. Craig Roberts talks about what really happened on the day of the Oklahoma City bombing, and how the FBI confiscated all video footage of that days' event, and still refuses to this day, to turn over this key evidence. Additionally, he talks about mysterious deaths and disappearances of witnesses, including police officers, and people closely associated with the bombing.

B. Hussein Obama Signs National Defense Authorization Act Into Law (Video)

Do you suppose cows have any idea what’s coming as they’re marched down the chute? Or do they stare with bovine indifference at the tail and hind quarters in front of them, until they’re suddenly – and very briefly – startled by the man with the nail gun?

Perhaps Americans will – likewise too late – ask themselves What Happened in the very near future. Perhaps just after the midnight knock comes and they are taken away into the night.

It is not an exaggeration.

America is now on the cusp of becoming a state that does exactly such things; things exactly like the things done by 20th century horror shows such as Nazi Germany or Stalin’s USSR. Literally. Not “this is where it might lead” or “the tendency is similar.” Exactly, literally, the same thing. The only difference is that it awaits being done on a mass scale. But the power to do it openly – brazenly – has been asserted.

And is about to be sanctified by law.

The National Defense Authorization Act will make it official. It will confer upon the executive branch and the military (increasingly, the same things) the permanent authority to snatch and grab any person, U.S. citizens included, whom it decrees to be a “terrorist” – as defined or not by the executive or the military -  and imprison them, indefinitely, without formal charge, presentation of evidence or judicial proceeding of any kind. These “detainees” will have neither civilian rights in the civil court system, nor – crucially – even the minimal rights to due process and decent treatment conferred upon prisoners of war. (And we are allegedly “at war,” are we not?)

The language of the bill specifically includes American citizens “caught” within the borders of the United States – aka, the “battlefield.” It is claimed by sponsors that only those awful them – you know, the enemies of freedom The Chimp and his successors like to reference as they systematically gut our freedoms – need worry. But read the actual document, and be afraid. The wording is such that any shyster lawyer for the government will be able to draw up a memorandum at some point in the near future equating, say, criticism of the federal government’s policies in the Middle East with “substantially supporting” the enemies of the United States. As defined by the United States.

That is, as defined by the government.

At its whim. At the personal discretion of whomever happens to be the Maximum Leader, or even one of the ML’s duly appointed minions.

As the always excellent Matt Taibbi of Rolling Stone recently observed, what happens when some nutjob who attended a few Tea Party meetings tries to bomb a federal building? Will the Tea Party itself – and anyone who “substantially supports” it be thus transformed into an “enemy combatant”? How about the OWS protestors? How about this web site – and this author – which have on several occasions called bullshit on the federal government’s usurpations and follies? How hard will it be, really, to describe such actions – such thoughts expressed in an article or an interview – as “substantially supporting” whatever the government decides amounts to “terrorism” or the threat thereof against itself?

Surely, the door is now wide open for such an interpretation by some John Woo or Dick Cheney waiting in the wings. Prospective jefe Newtie is practically turgid at the prospect of getting his hands on such power. And there is no longer (or soon won’t be) any legal means available to contest a one-way trip to Treblinka in Topeka – or wherever it is they will send you.

Taibbi writes: “The really galling thing is that this act specifically envisions American citizens falling under the authority of the bill. One of its supporters, the dependably-unlikeable Lindsey Graham of South Carolina, bragged that the law ‘basically says … for the first time that the homeland is part of the battlefield’ and that people can be jailed without trial, be they ‘American citizen or not.’ New Hampshire Republican Kelly Ayotte reiterated that ‘America is part of the battlefield.’ ”

Graham further stated: “It is not unfair to make an American citizen account for the fact that they decided to help Al Qaeda to kill us all and hold them as long as it takes to find intelligence about what may be coming next. And when they say, ‘I want my lawyer,’ you tell them, ‘Shut up. You don’t get a lawyer.’ ”

The key thing being, it is entirely up to the government to decide what constitutes “helping” al Qaeda. It can be nothing more than a vague assertion. Indeed, no evidence of any kind whatsoever is necessary to “hold them as long as it takes” in order to “find intelligence” (not defined, either) by any means it wishes to employ.

As Taibbi notes: “If these laws are passed, we would be forced to rely upon the discretion of a demonstrably corrupt and consistently idiotic government to not use these awful powers to strike back at legitimate domestic unrest.”

The Fuhrer (oops, President Obama) is about to sign this latter-day Enabling act and when he does, it will mark the moment that America’s coffin is nailed shut. The corpse has been on view since 9/11. But there was always some hope that, perhaps, it might be jolted back into life. Now we know the awful truth. Death is permanent.

And it’s coming for us.

Article by Eric Peters

The 30 US Corporations That Spent More On Lobbyists Than They Paid In Federal Taxes

These 30 companies have paid a combined negative $10.6 Billion in taxes over the last 3 years while reaping massive profits...in other words they have received tax return checks despite earning a combined $163.7 Billion! Their highly paid lobbyists have bribed Congress to give them tax breaks the average US citizen would steal for.

The amount of money these company’s lobbyists slipped under the table averaged out to almost $1 million for each member of Congress. Who said favors come cheap? Citizens take heed…your elected "representatives" are selling their favors for much more than a song…

Wake Up America! 

 General Electric spent the most on lobbying - $84 million - and got the biggest tax breaks - $4.7 million

A report by a corporate watchdog group has revealed 30 major US corporations that spent more money to lobby Congress than they paid in federal taxes in 2008, 2009 and 2010.

Many of the companies are household names -- massive conglomerate General Electric, aircraft maker Boeing and telecommunications giant Verizon Communications, as well as a dozen local utility companies.

Verizon Communications, parent company of the wireless provider, was near the top of the list of lobbying influence and corporate tax breaks

Instead of adding to the federal government's coffers, tax payers actually gave these 30 companies $11 billion in rebates and refunds over three years despite $164 billion in profits, according to Public Campaign, a nonprofit interest group that seeks to reduce the power of corporate money in politics. 

During the same period, these companies spent more than $475 million on lobbyists - both their own staffers and outside firms - and another $22 million on direct contributions to campaigns and parties.

Out of the 30 companies selected by Public Campaign, only one - the package carrier Federal Express - paid any taxes. FedEX shelled out just 1 percent of its profits for the period, well below the minimum corporate tax rate of 35 percent.

The biggest recipient of federal tax breaks was General Electric, which claimed a profit of about $10.5 billion and, instead of paying any taxes, received $4.7 billion in net rebates from the federal government.

Pacific Gas and Electric (PG&E), which supplies natural gas and electricity to two-thirds of California, raked in the second-biggest taxpayer payoff with slightly more than $1 billion. Verizon Communication raked in just shy of $1 billion in tax breaks.

These three companies also paid the most for lobbyists. GE spent $84 million, PG&E $79 million and Verizon Communications $52 million.

Public Campaign draws a straight line between the money spent on lobbying and the taxes that these companies avoided.

"At a time when millions of Americans are still unemployed and millions more make tough choices to get by, these companies are enriching their top executives and spending millions of dollars on Washington lobbyists to stave off higher taxes or regulations," the group's report says.

Several major utility companies, which are government-regulated monopolies in their markets, top the list. In addition to PG&E, they include: American Electric Power - an electric company with customers in nine states across the country, Potomac Electric Power Company - the utility provider for Washington, DC and CenterPoint Energy - which operates in six states in the Midwest and southwest.

In all, 12 of the 30 companies on the list are utilities that provide electricity and natural gas to homes and businesses around the nation.

Companies That Spent More On Lobbyists Than They Paid In Taxes

Company	US Profits	Taxes Paid	Lobbying Expense
General Electric	$10.46 billion	- $4.737 billion	$84.35 million
PG&E	$4.855 billion	- $1.027 billion	$78.99 million
Verizon Comm.	$32.518 billion	- $951 million	$52.34 million
Wells Fargo	$49.37 billion	- $681 million	$11.04 million
American Electric	$5.899 billion	- $545 million	$28.85 million
Pepco Holdings	$882 million	- $508 million	$3.76 million
Computer Sciences	$1.666 billion	- $305 million	$4.39 million
CenterPoint Energy	$1.931 billion	- $284 million	$2.65 million
NiSource	$1.385 billion	- $227 million	$1.83 million
Duke Energy	$5.475 billion	- $216 million	$17.47 million
Boeing	$9.735 billion	- $178 million	$52.29 million
NextEra Energy	$6.403 billion	- $139 million	$9.99 million
Con. Edison	$4.263 billion	- $127 million	$1.79 million
Paccar	$365 million	- $112 million	$760,000
Integrys Energy	$818 million	- $92 million	$710,000
Wisconsin Energy	$1.725 billion	- $85 million	$2.45 million
DuPont	$2.124 billion	- $72 million	$13.75 million
Baxter International	$926 million	- $66 million	$10.45 million
Tenet Healthcare	$415 million	- $48 million	$3.43 million
Ryder System	$627 million	- $46 million	$960,000
El Paso Corp.	$4.105 billion	- $41 million	$2.94 million
Honeywell	$4.903 billion	- $34 million	$18.3 million
CMS Energy	$1.292 billion	- $29 million	$3.48 million
Con-Way	$286 million	- $26 million	$2.29 million
Navistar	$896 million	- $18 million	$6.31 million
DTE Energy	$2.551 billion	- $17 million	$4.37 million
Interpublic Group	$571 million	- $15 million	$1.30 million
Mattel	$1.02 billion	- $9 million	$840,000
Corning	$1.977 billion	- $4 million	$2.81 million
FedEx	$4.247 billion	$37 million	$50.81 million
Total	$163.79 Billion	- $10.6 Billion	$475.67 Million

Original Source

LA Cop Desecrates American Flag at Occupy LA (Video)

Some things never change: The winds and tides, crooked politicians, & LA cops who think they are above the law...especially when masked by riot gear. 

If ever there was a time for a regime change at LAPD central, it is now! 

LAPD officers storm out of City Hall and start evicting the Occupy LA protesters. While they are destroying the occupiers personal belongings, an LA cop rips the American flag. 

Federal Reserve Lent Banks Nearly $8 TRILLION During Crisis Without Asking ANYONE’S Permission!

The Federal Reserve is as “Federal” as FedEx! This private banking cartel being allowed to run our economy is one of the greatest criminal acts ever perpetrated against the citizen’s of this country. 

The Federal Reserve is robbing Americans blind.

Wake Up America!

While the nation's largest banks were publicly reassuring nervous investors of their stability during the height of the financial crisis, they were also quietly approaching the Federal Reserve, hat in hand. The total price tag: $7.77 trillion, many times the amount of the better-known TARP bailout.

The magnitude of the government's assistance to struggling banks allowed them to grow even bigger and continue paying executives billions in compensation, a report in Bloomberg Markets January issue said Monday.

A win in court against a group representing the banks and a FOIA request filed by Bloomberg LP revealed the extent of the central bank's largesse - as well as the $13 billion in profits banks earned from those bailouts. The so called "big six" - JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley - accounted for $4.8 billion of that total - nearly a quarter of their net income during that time. 

Those borrowed trillions were a deeply-buried secret. It appears that even high-ranking Fed officials didn't know about the scale of the handouts. According to Bloomberg, then-president of the Federal Reserve Bank of Minneapolis Gary H. Stern “wasn’t aware of the magnitude,” and unnamed sources say that even top aides to Treasury Department head Henry Paulson were kept in the dark. 

The six biggest banks in the country received a total $160 billion in TARP funds, but as much as $460 billion from the Fed, raising the question as to how and why this nearly $8 trillion in loans, guarantees and limits remained under wraps for so long. According to the Fed, the massive scale of banks' borrowing - and the red ink that prompted it - had to be kept secret to avoid spooking investors and prompting a panic or bank runs that would have had even more devastating consequences on the shaken economy. 

The Fed defended its actions back then by contending that the biggest financial institutions in the country were too big to fail - a phrase that has become a bone of contention among lawmakers, some of whom argue that a "too big to fail" bank is one that's too big to exist.

Ohio Senator Sherrod Brown sponsored a bill last year that would cap a bank's non-deposit liabilities at 2 percent of gross domestic product, and crack down on workarounds banks currently use to bypass a 1994 law that prohibits any one bank from holding more than 10 percent of all deposits in the country.

Original Source

The Moral Example of UC Davis Students. If America Needs A Turning Point, This Is It. (Video)

This video should shock every American who has a conscience, every American who loves this country and what it stands for! What you are witnessing might just as easily be the actions of some totalitarian regime; Syria, Iran, Venezuela, Yemen, Myanmar….

A line of students sitting on the ground, heads bowed. A police officer dressed in riot gear walking up to them, holding a pepper spray gun. He theatrically raises his arm, as if about to carry out an execution, and presses the trigger. A foul-looking orange spray shoots out.

Methodically, deliberately, he walks to the end of the line, saturating each student. He might as well be casually spraying bug spray. When he reaches the end he begins walking back in the other direction, spraying each of them again. The students huddle in obvious pain. People in the crowd nearby gasp in shock and began chanting, "Shame on you! Shame on you! Shame on you!"

This event is powerfully symbolic. It is about contempt from those in power and the wanton use of force against the powerless.

We have seen similar things over and over again in the past few years. We have seen it in banks lobbying for public handouts and then denying relief to millions of exploited homeowners. We have seen it in tax breaks and bonuses for the rich while millions of Americans are out of work. We have seen it in church and university officers abusing children and then covering it up. We have seen it in the censorship of climate science performed in the public interest. We have seen it in the absurd declaration that corporations are "people" and entitled to spend billions of dollars to elect representatives that they will then own. We have seen it everywhere we turn.

The police officer is Congress. Our banks. Our clerics.

The students are us.

If I had to sum up the attitude of America's governing classes in one word, I would say: contempt.

We are seeing the beginning of a worldwide movement to fight for dignity and intelligent, collective governance.

It is time for UC Davis Chancellor Linda Katehi to resign. I simply cannot fathom a university administrator bringing riot police onto campus to assault peacefully demonstrating students. At the most, campus police could have simply carried them away. In her blog, Duke prof (and former teacher of mine) Cathy Davidson deftly dissects the craven claim that tent camps present "health and safety concerns." And Bob Ostertag, a UC Davis prof, shows how the administration lost its moral compass.

People say that the Occupy movement has not been clear in its demands. I would say that their demands could not be more obvious.

They are already being articulated everywhere: the New York Times, the Huffington Post, Salon.com, the New Yorker. They are full of luminous writers: Nicholas Kristof. Paul Krugman. Gail Collins. Hendrik Herztberg. George Packer. Steve Coll, Bill McKibben. Dozens of intelligent books have appeared on the shelves in the past few years, examining the country's problems and offering thoughtful proposals for reform.

They want a fairer tax system. They want a sane energy policy that addresses climate change and searches for cleaner ways to power our civilization. They want a government that is not wholly owned by the rich. They want access to justice and education. They want a reasonable hope of getting and keeping a job that gives them a living wage and the ability to invest for the future.

They want a rational health care system that they can afford. They want government policy that is driven by thoughtful attention to rational research, not ideology. They want a transparent government that holds the powerful accountable. They want a government that understands the importance of investing now in human capital and infrastructure.

The obstacles to reform seem overwhelming. The country's far right has systematically obstructed every attempt to change things for the better. The electorate seems hopelessly divided. For decades, it has voted to create legislative deadlock. Despite the overwhelming failure of the Bush administration, half of the country has not grasped how utterly the Republican philosophy of governance has been discredited. The Democrats are uncoordinated and have no coherent philosophy at all. In our Internet age, the media are so fragmented that no single idea can seem to hold the country's attention for long. America has never seemed more divided and paralyzed in living memory.

Nonetheless, America's two most famous recent political movements - the Tea Party and Occupy Wall Street - have taught us several things. It is possible to get the country's attention. And getting its attention is equivalent to setting its agenda. 

Occupy Wall Street needs to start setting a moral example. Moral examples move people to action. I am very proud of the students at UC Davis, both the ones who remained seated, heads down, and the ones in the crowd surrounding them. They vastly outnumbered the police officers. They could have torn them apart. I have no doubt that many of them wanted to. I wanted to.

But, as Gandhi and Martin Luther King so well understood, nonviolent resistance is extraordinarily powerful. It shows who holds the moral high ground. It reveals the thugs and bullies in high places for who they are. It creates sympathy and evokes principled action. It clears the way for thoughtful men and women of conscience and character to speak out for rational courses of action.

I think we have just reached a turning point.

Article by Michael Corost, Ph.D Original Source

"The Entire System Has Been Utterly Destroyed By The MF Global Collapse". Corzine's Criminal Act And Its Ripple Effect

The following letter was sent by Ann Barnhardt, of Barnhardt Capital Managment, to her clients, colleagues, and friends. The successful trader quit the business (and returned her client's funds) because she was disgusted with Obama and his government cronies who have destroyed our country's futures and options markets by allowing corruption to rule the day.

Wake Up America!

BCM Has Ceased Operations

Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.

The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.

The futures markets are very highly-leveraged and thus require an exceptionally firm base upon which to function. 

That base was the sacrosanct segregation of customer funds from clearing firm capital, with additional emergency financial backing provided by the exchanges themselves. Up until a few weeks ago, that base existed, and had worked flawlessly. Firms came and went, with some imploding in spectacular fashion. Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100% liquid – even as their clearing firm collapsed and was quickly replaced by another firm within the system.

Everything changed just a few short weeks ago. A firm, led by a crony of the Obama regime, stole all of the non-margined cash held by customers of his firm. Let’s not sugar-coat this or make this crime seem “complex” and “abstract” by drowning ourselves in six-dollar words and uber-technical jargon. Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE, refusing to even allow them to liquidate. This is unfathomable. The risk exposure precedent that has been set is completely intolerable and has destroyed the entire industry paradigm. No informed person can continue to engage these markets, and no moral person can continue to broker or facilitate customer engagement in what is now a massive game of Russian Roulette.

I have learned over the last week that MF Global is almost certainly the mere tip of the iceberg. There is massive industry-wide exposure to European sovereign junk debt. While other firms may not be as heavily leveraged as Corzine had MFG leveraged, and it is now thought that MFG’s leverage may have been in excess of 100:1, they are still suicidally leveraged and will likely stand massive, unmeetable collateral calls in the coming days and weeks as Europe inevitably collapses. I now suspect that the reason the Chicago Mercantile Exchange did not immediately step in to backstop the MFG implosion was because they knew and know that if they backstopped MFG, they would then be expected to backstop all of the other firms in the system when the failures began to cascade – and there simply isn’t that much money in the entire system. In short, the problem is a SYSTEMIC problem, not merely isolated to one firm.

Perhaps the most ominous dynamic that I have yet heard of in regards to this mess is that of the risk of potential CLAWBACK actions. For those who do not know, “clawback” is the process by which a bankruptcy trustee is legally permitted to re-seize assets that left a bankrupt entity in the time period immediately preceding the entity’s collapse. So, using the MF Global customers as an example, any funds that were withdrawn from MFG accounts in the run-up to the collapse, either because of suspicions the customer may have had about MFG from, say, watching the company’s bond yields rise sharply, or from purely organic day-to-day withdrawls, the bankruptcy trustee COULD initiate action to “clawback” those funds. As a hedge broker, this makes my blood run cold. Generally, as the markets move in favor of a hedge position and equity builds in a client’s account, that excess equity is sent back to the customer who then uses that equity to offset cash market transactions OR to pay down a revolving line of credit. Even the possibility that a customer could be penalized and additionally raped AGAIN via a clawback action after already having their customer funds stolen is simply villainous. While there has been no open indication of clawback actions being initiated by the MF Global trustee, I have been told that it is a possibility.

And so, to the very unpleasant crux of the matter. The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity. The system is no longer functioning with integrity and is suicidally risk-laden. The rule of law is non-existent, instead replaced with godless, criminal political cronyism.

Remember, derivatives contracts are NOT NECESSARY in the commodities markets. The cash commodity itself is the underlying reality and is not dependent on the futures or options markets. Many people seem to have gotten that backwards over the past decades. From Abel the animal husbandman up until the year 1964, there were no cattle futures contracts at all, and no options contracts until 1984, and yet the cash cattle markets got along just fine.

Finally, I will not, under any circumstance, consider reforming and re-opening Barnhardt Capital Management, or any other iteration of a brokerage business, until Barack Obama has been removed from office AND the government of the United States has been sufficiently reformed and repopulated so as to engender my total and complete confidence in the government, its adherence to and enforcement of the rule of law, and in its competent and just regulatory oversight of any commodities markets that may reform. So long as the government remains criminal, it would serve no purpose whatsoever to attempt to rebuild the futures industry or my firm, because in a lawless environment, the same thievery and fraud would simply happen again, and the criminals would go unpunished, sheltered by the criminal oligarchy.

To my clients, who literally TO THE MAN agreed with my assessment of the situation, and were relieved to be exiting the markets, and many whom I now suspect stayed in the markets as long as they did only out of personal loyalty to me, I can only say thank you for the honor and pleasure of serving you over these last years, with some of my clients having been with me for over twelve years. I will continue to blog at Barnhardt.biz, which will be subtly re-skinned soon, and will continue my cattle marketing consultation business. I will still be here in the office, answering my phones, with the same phone numbers. Alas, my retirement came a few years earlier than I had anticipated, but there was no possible way to continue given the inevitability of the collapse of the global financial markets, the overthrow of our government, and the resulting collapse in the rule of law.

As for me, I can only echo the words of David:

“This is the Lord’s doing; and it is wonderful in our eyes.”

With Best Regards-
 

Ann Barnhardt

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