August 23, 2011

An Open Letter to Mayor Bloomberg

Mises Daily | Robert P. Murphy

Dear Mayor Bloomberg:

I read with interest that you (and fellow billionaire George Soros) are going to contribute millions of your own fortunes to supplement the tax dollars New York City’s government will spend because “blacks and Latinos are not fully sharing in the promise of American freedom.”

Yet rather than spending your own money — and that of the taxpayers — on retraining probation officers, posting job recruitment signs in government housing projects, and the other ideas mentioned in the New York Times article, you should consider much more effective ways to help young black and Latino men. As an added bonus, the following proposals would actually reduce government expenditures:

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Good News in Libya Won’t Last

USAWatchDog.com | Greg Hunter

It looks like the end of power for tyrant Muammar Gaddafi. He’s been in power 40 years, but what will take his place? Remember when stories broke out a few months ago about Libyan rebel al-Qaeda links? It is a fact that was reported in one of many publications such as The Telegraph back in March. The story headline read “Libyan rebel commander admits his fighters have al-Qaeda links.” The story went on to say, “Abdel-Hakim al-Hasidi, the Libyan rebel leader, has said jihadists who fought against allied troops in Iraq are on the front lines of the battle against Muammar Gaddafi’s regime. . . . Earlier this month, al-Qaeda issued a call for supporters to back the Libyan rebellion, which it said would lead to the imposition of “the stage of Islam” in the country.” (Click here to read the complete Telegraph story.) Did NATO’s 20,000 bombing missions help al-Qaeda win? It sure looks like it.

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Chavez move could drive gold through the roof – and put confiscation on the cards again

Mineweb.com | Lawrence Williams

Long dismissed by the mainstream as conspiracy theorists and a fringe organisation which appeals only to right wing gold fanatics, the Gold Anti Trust Association (GATA) is at last beginning to feel totally vindicated by events. Over the years since its foundation the organisation has unearthed some telling official evidence of government and central bank meddling in the gold market – perhaps to try and stabilize currencies, given gold is seen by many as a bellwether of the health of the dollar and, by association, of most of the world’s other currencies.

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Venezuela Requests Gold Holdings Held by BOE, Merentes Says

Bloomberg.com | Jose Orozco

Venezuela’s central bank has requested its 99 tons of gold holdings from the Bank of England, according to a bank statement sent by e-mail, citing the institution’s president Nelson Merentes.

“We’ve contacted the Bank of England and the corresponding protocols have been initiated to complete this operation as soon as possible,” Merentes said, according to the statement. “Once that’s done, the shipments will begin by sea.”

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The Business Of War

Personal Liberty Digest | Bob Livingston

The American government’s favorite industry is war.

It is making war on five nations right now: Afghanistan, Iraq, Pakistan, Yemen and Libya. The drumbeats for war on Iran are sounding, growing louder and louder. But before Iran will be Syria, as the United States tightens the noose around Iran.

President Barack Obama promised to extricate the U.S. from foreign wars. Instead, he’s starting new ones. The silence of the anti-war left is deafening. Where they loudly opposed President George W. Bush’s wars, they support Obama; if not openly, then through their silence.

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Fed secretly loaned $1.2 trillion in public money to Wall St. firms: report

Raw Story | Stephen C. Webster

An analysis of tens of thousands of documents obtained by Bloomberg through a Freedom of Information Act (FOIA) request shows that the U.S. Federal Reserve made approximately $1.2 trillion in loans from public money to support Wall Street firms in the midst of one of the worst financial crises ever.

Differing from the $16 trillion in loans made through asset swaps and preferred stock agreements, which were first revealed by a recent Government Accountability Office (GAO) audit mandated by Congress, these loans came from public money, representing the greatest largess of the financial sector during a crisis that threatened to pull the whole globalized system of finance to its knees.

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Social Security and What You Should Know!

The Daily Bell | Adrian Krieg

There are Ponzi schemes and then there’s Social Security. For the last ten weeks every politician from Obama to Sanders has been harping about the out-of-control social costs of Social Security and Medicare and our immediate need to raise taxes and reduce benefits. These political ideologues are liars because the entire Social Security system is nothing but lies.

According to the Social Security Administration, the average recipient collects $500,000 in retirement benefits but pays in only $278,000. Wrong! What they conveniently don’t mention is that if the average beneficiary pays in $278,000 and the employer matches that with an equal amount, SS collects $556,000 per recipient.

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10 Faux Progressive Companies … With Some Dirty Secrets

Alter Net | Lauren Kelley

hat makes a company “progressive”? A CEO’s lefty politics? A dedication to people over profits? A solid environmental track record?

Many companies have earned credibility among progressives by marketing themselves as “different” (Apple), “green” (Seventh Generation), or “anti-sweatshop” (American Apparel), despite having a poor track record with the environment, sexism, union busting, monopolizing, and more. These companies are boosting revenues by tapping into the growing demand for socially-conscious products and businesses, especially among the wealthy, well-educated sub-set of progressive consumers.

I rounded up information on ten of the best-known companies that should be a disappointment to progressive consumers:

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NATO SLAUGHTER IN TRIPOLI: “Operation Mermaid Dawn” Signals Assault by Rebels’ Al Qaeda Death Squads

Global Research | Thierry Meyssan

Tripoli, Libya, Aug. 22, 2011, 1 AM CET– On Saturday evening, at 8pm, when the hour of Iftar marked the breaking of the Ramadan fast, the NATO command launched its “Operation Mermaid Dawn” against Libya.

The Sirens were the loudspeakers of the mosques, which were used to launch Al Qaeda’s call to revolt against the Qaddafi government. Immediately the sleeper cells of the Benghazi rebels went into action. These were small groups with great mobility, which carried out multiple attacks. The overnight fighting caused 350 deaths and 3,000 wounded.

The situation calmed somewhat on Sunday during the course of the day.

Then, a NATO warship sailed up and anchored just off the shore at Tripoli, delivering heavy weapons and debarking Al Qaeda jihadi forces, which were led by NATO officers.

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The 12 Scariest TSA Stories of All Time

Insurance Quotes |

The TSA is an oft hated and maligned part of airline travel, and although the agency seems to get an excessively bad rap, many stories of TSA incidents indicate that the public’s assessment is correct. Airline passengers going through security should not fear brutal force, sexual harassment, insensitive treatment, and even being separated from their child in the name of safety, yet as you’ll see from the following stories, they do. Although these stories are among the worst, so many more were not included, and continue to develop each day. Read on to find 12 chilling TSA horror stories.

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Karen J. Greenberg, Taking the Justice Out of the Justice System

Tomgram | Karen J. Greenberg

Can you even remember the world before 9/11? You know, the one where you weren’t stripped in the airport or body-wanded at the ballpark? It’s as much a lost world as anything Conan Doyle ever imagined. And it seems there’s no turning back. An administration voted into office by a populace tired of George W. Bush-ism has, remarkably enough, added on to Bush’s wars, redoubled his “secret” drone campaigns, further expanded the special operations forces that have grown into a secret military inside the military, upped the level of secrecy that envelops the National Security Complex (whose further expansion it also has overseen), renewed the Patriot Act, supported further surveillance of Americans, dumped yet more money into the Pentagon, and in sum seems intent on recreating Bushism without Bush.

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