EASY READING CULTURE OF LIFE NEWS: FOMC HAS CRIMINALS RUNNING THE SHOW « Culture of Life News 2
Last night, I analyzed a long, long speech from 1953, by Mr. McChesney Martin Jr, the chairman of the Federal Reserve under Eisenhower, Kennedy and LBJ. In it, he talks about ‘free markets’ and how the Fed desired to balance everything while releasing all sorts of market forces. During all the years since then we have lived in a very inflationary, destabilized world which has surprising, nasty side effects that creep up on us like the ever-growing trade deficit, continuous and growing budget deficits, and of course, greater and greater overall debts. In light of that speech, let’s look at today’s news.
Why the Fed still matters – Jan. 23, 2009
The official said the FOMC would also work in conjunction with the Fed’s board of governors on decisions about the Fed’s balance sheet, which has ballooned in the past few months due to the various new lending programs.
So once the FOMC is ready to start raising rates again, it may want to see the balance shrink in size by having some of these programs wind down…..
It’s also important to have the Fed speaking with one voice on the need for action, rather than having Fed presidents roaming the country criticizing actions by the Fed’s governors.
“The fact that the board can do these things without consulting with the bank presidents doesn’t mean they should do it that way,” said David Wyss, chief economist for Standard & Poor’s. “They want to make sure everyone is reasonably informed, but also that there is a consensus that they’re doing it right.”
Who is FOMC? Well, here is one person who was just put on the board:
FRB: Reserve Bank Presidents — Dallas
Richard W. Fisher
President
Federal Reserve Bank of DallasMr. Fisher took office on April 4, 2005, as the eleventh chief executive of the Eleventh District Federal Reserve Bank, at Dallas. In 2008, he serves as a voting member of the Federal Open Market Committee.
Mr. Fisher is former vice chairman of Kissinger McLarty Associates, a strategic advisory firm chaired by former Secretary of State Henry Kissinger.
Mr. Fisher began his career in 1975 at the private bank of Brown Brothers Harriman & Co., where he specialized in fixed income and foreign exchange markets. He became assistant to the Secretary of the Treasury during the Carter administration, working on issues related to the dollar crisis of 1978-79. He then returned to Brown Brothers to found their Texas operations in Dallas.
In 1987, Mr. Fisher created Fisher Capital Management and a separate funds-management firm, Fisher Ewing Partners. He sold his controlling interests in both firms when he rejoined the government in 1997.
From 1997 to 2001, Mr. Fisher was deputy U.S. trade representative with the rank of ambassador. He oversaw the implementation of NAFTA; negotiations for the Free Trade Area of the Americas; and various agreements with Vietnam, Korea, Japan, Chile, and Singapore. He was a senior member of the team that negotiated the bilateral accords for China’s and Taiwan’s accession to the World Trade Organization.
My kind of guy! He is a free trade privateer. He belonged to the tentacled octopus, Brown Brother, Harriman & fellow Nazis. You know, the German Nazis of WWII fame. He is entangled with Cheney. He worked for the very odious bucket of slime called ‘Henry ‘I kissed MAO!’ Kissinger. He was a fine servant for the Chinese, like Kissinger.
Kissinger thought he outwitted the Chinese. HAHAHA. Talk about dumb. They used him, not the reverse. He and his buddies like this Mr. Fisher, thought they were going to entangle the communist Chinese [and the Vietnamese!] in our nets and they would become the servants and slaves of the US ruling elites! This is so stupid, it makes my head spin. The net has trapped Kissinger and his buddies, not the reverse! Not only that, the Chinese figured out how to do this long, long ago.
Kevin M. Warsh
Kevin M. Warsh took office on February 24, 2006, to fill an unexpired term ending January 31, 2018.
Prior to his appointment to the Board, Mr. Warsh served as Special Assistant to the President for Economic Policy and as Executive Secretary of the National Economic Council from 2002 until February 2006. His primary areas of responsibility included domestic finance, banking and securities regulatory policy, and consumer protection. He advised the President and senior administration officials on issues related to the U.S. economy, capital markets, securities, banking, and insurance issues. Mr. Warsh participated in the President’s Working Group on Financial Markets and served as the administration’s chief liaison to the independent financial regulatory agencies.
From 1995 to 2002, Mr. Warsh was a member of the Mergers & Acquisitions Department of Morgan Stanley & Co., in New York, serving as Vice President and Executive Director. He served as financial adviser to numerous companies across a range of industry sectors, including manufacturing, basic materials, professional services, and high tech. In that capacity, Mr. Warsh structured capital markets transactions and facilitated fixed income and equity financings.
Ah! How sweet. One of the pirates, a young, swashbuckler, got himself inserted into the Federal Reserve’s FOMC. He was one of the IDIOTS who advised Bush on economic matters. I read those stupid things he submitted. He never, ever mentions the trade deficit, for example. Or minimizes it when he does mention it. He always emphasized our exports. Oh, exports went up! Etc.
This guy was very much one of the causes of our present economic collapse. He helped bankrupt Morgan Stanley. HE IS ONE OF THE FATHERS OF THE DERIVATIVES BEAST. He should be arrested like Madoff.
Look at what happened to all the many industries who followed his advice! They are all going bankrupt!!!! Look at what else this boy-monster did: he did CDOs, SIVs and OTC business! He designed these!!!! He ‘facilitated fixed income and equity financings’????? This is what is imploding.
Why, in the name of heaven, is this utter fraud, this ponzi artist, on the FOMC and the Federal Reserve? But then, why is a tax cheat running the IRS now? Geithner should be arrested, too. He can’t claim ‘stupidity’ as his excuse, after all, he is supposed to be a financial genius. Too dumb to hire an accountant.
Finally, there is FRB: Reserve Bank Presidents — Atlanta:
Dennis P. Lockhart
President
Federal Reserve Bank of AtlantaDennis P. Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Sixth District Federal Reserve Bank, at Atlanta. In 2008, he serves as an alternate voting member of the Federal Open Market Committee.
Mr. Lockhart was born on February 1, 1947, in Bakersfield, California. He earned a B.A. in political science and economics from Stanford University in 1968 and an M.A. in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. He served as a lieutenant in the U.S. Marine Corps Reserve from 1968 to 1974.
Mr. Lockhart held various positions, both domestic and international, with Citicorp/Citibank (now Citigroup) from 1971 to 1988. Early in his career with Citibank, he worked in the Middle East, first in Saudi Arabia as head of infrastructure project financing and then in Greece as training director for credit and managerial staff serving the region. Mr. Lockhart also served in Iran as chief operating officer of a commercial and consumer banking joint venture between Citibank and an Iranian affiliate. From 1978 to 1986, he was senior corporate officer of the Southeast office of Citibank in Atlanta. From 1987 to 1988, Mr. Lockhart was head of the firm’s Latin American debt-to-equity swap investment program, designed to restructure sovereign debt.
From 1988 to 2001, he worked at Heller Financial, where he served as executive vice president and director of the parent company and as president of Heller International Group, which, through joint ventures or wholly owned operating companies, had activities in commercial banking, finance, and merchant banking in North and South America, Europe, and Asia.
From 2001 to 2003, Mr. Lockhart was managing partner at the private equity firm Zephyr Management L.P., based in New York with activity in Africa and Latin America.
Another idiot! Citibank is one of the very worst of the Derivatives Beast gangsters. Citibank lost over 90% of its value in the last year! He virtually invented debt-to-equity swaps! Supposedly, this was going to fix ‘sovereign debts’. HAHAHA. The US got rid of its sovereign wealth, thanks to the Fed, and now has tons of sovereign debt. Makes the debts of Latin America look quite small.
Mr. Lockhart serves on the board of directors and the executive committee of the Metro Atlanta Chamber of Commerce. Before joining the Atlanta Fed, he served as a member of the boards of directors of several companies, including CapitalSource Inc., a REIT/finance company; Tri-Valley Corporation, an independent oil, gas, and mining exploration firm; and Greenfield Holdings Credit Ltd., a joint venture agribusiness finance subsidiary of DuPont Corp. and Bunge Corp. in Brazil. Lockhart also was chairman of the Small Enterprise Assistance Funds, a nonprofit operator of emerging markets venture capital funds. In 1999 and 2000, he served on the Advisory Committee of the U.S. Export-Import Bank and chaired the committee in 2000.
And he was involved in CapitalSource????
It lost 90% of its value! It is barely above ‘penny stock’ status! Wow. And want to bet that this clown is trying to bail it out so he won’t look like a total piker? Next, TriValley Corporation, a gas drilling operation, is trading now at $1.30 which is even more like penny stocks, too! I remember the Stagflation Seventies. If any stocks were ‘penny stocks’, you played those bottom feeders with spare change you didn’t worry about losing.
Last of all, this 90% losses genius is part of the US Export-Import Bank. This goofy organization totally ignores imports and focuses on exports. So it takes a HUGE amount of stupidity to belong to this group and not scream, ‘OH MY GOD! WE ARE GOING OFF THE CLIFF!’ He fits the bill. Losing money is his forte, obviously.
Before I have a heart attack from stress, let’s go back to the CNN story about FOMC and its fraudulent gnomes, young and old:
Why the Fed still matters – Jan. 23, 2009
“At some point, it seems that they’ll have to offer a clearer view of what comes next,” said Tom Schlesinger, executive director of the Financial Markets Center, a think tank that follows the Fed.
For example, Wyss said that if the Fed includes a mention of the problem caused by troubled assets now held by banks, it will be taken as a signal that the Fed is close to announcing a so-called “bad bank” program to purchase toxic assets.
But Wyss cautions that despite the attention every word and comma in the statement is likely to receive, there probably will be far less concrete information than hoped for by economists and investors.
“People will be picking [the statement] apart because they don’t have anything else to analyze,” said Wyss. “But that doesn’t mean they’ll learn anything.”
Did Madoff give clear information? No. Are these FOMC con men and con women going to give a clear accounting? No! Of course not. They love to pretend, they do this to keep markets stable. But that is an outright lie. They do this to sow confusion and create panic. In yesterday’s story, A 1953 FEDERAL RESERVE SPEECH « Culture of Life News Martin Jr. talked openly about the Fed confusing people. He mentioned psychology of panic and uncertainty, etc. as people tried to figure out what outrages the Federal Reserve would pull out of their rabbit’s hat, next.
What is most horrifying about the present Fed is the new guys who are now being inserted into it. Putting these criminals in charge…HAHAHA. Oh well, the Fed has been a criminal operation from day one! Why not put total con men on board! The next thing here is, why the Fed REFUSES to give ‘concrete information’. Well, exactly who was it who said, ‘We will not make available, the M3 statistics anymore because NO ONE IS INTERESTED IN THEM, ‘ and then, after we all yelled like banshees, said, ‘The Federal Reserve will still do the statistics but won’t publish them.’
He is still running the bank consortium. Bernanke should have been arrested for being exactly like Madoff: refusing to give information to investors. The investors, in the case, are not only the American people but the holders of US Treasuries and debts: China and Japan plus assorted others. Eventually, all the people trying to riddle out what the Fed is doing will join us in demanding it be disbanded and the people running it, put in prison.
The danger of keeping rates at zero – Jan. 13, 2009
The Fed seems to think inflation is no longer a problem. But inflation may just be in hibernation and low rates for a long period of time could awaken the beast.But I’m starting to worry a bit that the Federal Reserve is willing to leave rates this low for too long and that this could spark inflation down the road.
In a speech in London Tuesday morning, Federal Reserve chairman Ben Bernanke defended the Fed’s series of rate cuts since September 2007, saying that inflation was no longer a major concern. The Fed usually raises interest rates when it is worried about inflation.
“At this point, with global economic activity weak and commodity prices at low levels, we see little risk of inflation in the near term; indeed, we expect inflation to continue to moderate,” he said….
The combination of the economic stimulus package proposed by President-elect Obama, the Treasury Department’s bank bailout, the Fed’s rate cuts and its various lending programs could eventually lead to an awakening of the inflation beast. The Fed has to be mindful of that….
If commodity prices shoot higher in the near future, that could add to inflationary concerns since it could lead to another round of higher gas prices and food prices…
“What the Fed risks is a potential run on the dollar, with rates at zero it makes the dollar-denominated assets unattractive for foreign investors,” she said.
Nonetheless, both Beahm and Lien think the Fed has done the right thing to lower rates. The issue though is to not keep them this low for an indefinite period of time.
“The Federal Reserve cannot afford to focus on inflation at this point. They have to focus on growth and deal with inflation later,” Lien said. “But as the economy stabilizes, inflation will become a greater risk and it could pick up at a relatively rapid pace, which could force aggressive measures by the Fed.”
Inflation in commodity prices is the end game, not the beginning. Inflation in property values is the middle of the game, not the end game of inflation. It begins IN THE GOVERNMENT ITSELF. All great inflation surges are clustered around war spending. And the US has two major wars going on: the War on Terror and the War on Drugs.
Not only are foreign investors going to leave the dollar, American savers are being tormented, too. The collapsing banking system is due 100% to the banks refusing to pay an honest return to savers. Instead, via the Federal Reserve which they control, they keep rates artificially low for savings while flooding lending markets! Only when this policy ends, will banks be properly capitalized via savings again. As Martin Jr said in his 1953 FEDERAL RESERVE SPEECH :
This is in sharp contrast to the era of pegged markets from which we have emerged. There are still some who would have us return to a pegged market. If we did, we would have no reliable safeguard against the erosion of our savings, our pensions, our life insurance policies — the capital upon which the institutions of private enterprise rest.…
If we handle our fiscal, monetary, and debt management problems wisely we will not have to worry very much about the value of the dollar.
Mr. Warsh believes that capital lies in structured finances like bundling mortgages, not in pensions, etc. These etc. things are to be LOOTED, not protected. This is why I call him a criminal like Madoff.
Jan 21, 2009 The Collapse of Capitalism and… Darryl Robert Schoon 321gold
IF ALAN GREENSPAN WAS A CARDIOLOGIST
ALL HIS PATIENTS WOULD BE DEADIn Minsky’s “financial instability hypothesis”, the ability to pay the principal and interest on debt is the critical marker. There are three types of “units” in Minksy’s financial instability model, each type/unit more unstable than the previous.
The first type, hedge financing units, possess the ability to pay both principal and interest payments from existing cash flow. This is the optimal mode. The second type, speculative finance units, cannot repay principal payments but can meet their existing obligations by” rolling over” their debt.
The third type in Minsky’s model are Ponzi units which can only pay down debt by selling assets or by borrowing. This is the most common form of debt repayment today. This is because as per Minsky’s model, capitalist markets are now mature – perhaps overly mature and somewhat incontinent and beginning to smell – and have thus made the progression from hedge to speculative to Ponzi finance.
Rolling over debts is driving everyone into a ZIRP system. This is inevitable. The US and UK are at the head of the line here, right behind deep-in-debt Japan. Japan is a curious thing: a creditor nation that is deep in debt. But the US and UK are a horrible thing: debtor nations that are in debt to deep in debt Japan!
Japan kept its ZIRP despite global inflation that hammered Japan, too. All debtors want free loans! This way, they can turn over and over again, more and more debts. This is like an ancient Egyptian concept: the scarab beetle which rolls balls until they get bigger and bigger. This symbol is very apt for today:
Ancient Egypt: the Mythology – Scarab Beetle
Scarab Beetle
(kheper)
Appearance: The particular species of beetle represented in the numerous ancient Egyptian amulets and works of art was commonly the large sacred scarab (Scarabaeus sacer). This beetle was famous for his habit of rolling balls of dung along the ground and depositing them in its burrows. The female would lay her eggs in the ball of dung. When they hatched, the larvae would use the ball for food. When the dung was consumed the young beetles would emerge from the hole.
Inside the Federal Reserve/US Treasury/US economy dung ball is the Derivatives Beast. It has been eating this ball from the inside and only now, are we seeing the ball collapse. Now, all the little monsters are running amok.
Jan 21, 2009 The Collapse of Capitalism and… Darryl Robert Schoon 321gold .
As the economy expanded and the nation became increasingly indebted, bankers became increasingly wealthy. It is no coincidence that the “financial services sector, sic the paradigm of parasites” recently comprised the largest share of both the UK and US economies, economies which correspondingly had the lowest rate of savings in the world.
It is also no coincidence that as the indebtedness of each nation grew the share of economic activity and the exorbitant salaries and bonuses of bankers grew as well. Unfortunately for the host and parasite in capitalist economies, there is a limit to how much a parasite can safely take from the host before the host dies, a limit only discovered after the process has gone too far.
Both the UK and US were extremely proud about being the ‘global banking centers’ even as Elizabeth’s pirate coves were the shadow banking and the real source of ‘growth’, all of which was fatal to both the UK and the US finances. As our government debt and trade deficits ballooned, these also grew. Of course.
And the Federal Reserve encouraged this and rewarded this growth. As both the US and UK deindustrialized and saw huge property bubbles form. The ball has been eaten from the inside out and now, there is less wealth and a lot more scarab beetles scuttling around. Now, all government systems are collapsing:
New York Battles Swelling Deficit in Unemployment System – NYTimes.com
New York State’s unemployment insurance system, besieged by claims from laid-off workers, ran out of money on the first business day of the year and is borrowing daily from the federal government to bridge a fast-growing and potentially huge deficit, state labor officials say.
More debt to be rolled over and over added to the debts from the US wars and wild misspending. $12 trillion and climbing, fast. NY and California are the richest states and source of a great deal of US Federal taxes which are then sent to the other states, nearly all of whom hate NY and California.
California budget shortfall pegged at $28B – Sacramento Business Journal:
A nonpartisan report Tuesday put a price tag on inaction for California’s budget deficit, saying it will grow to $28 billion through June 2010 unless bold steps are taken.
Gov. Arnold Schwarzenegger has proposed a measure to close an estimated $11.2 billion deficit in the current budget by hiking the state sales tax by 1.5 cents per dollar and expanding it to cover more goods and services while cutting spending across the board by $4.4 billion.
Both California and NY are going bankrupt, fast. And following in their wake, the US government will collapse. This is due to these two states being major tax bases. As NY and California cut wages and try to shrink, the economies in these states will shrink. This will shrink the tax base and force more shrinkage at state levels. This is where depressions really being to bite, hard.
We waste an immense amount of money on foolish, stupid things. Here is a top item:
The U.S. federal government spent over $19 billion dollars in 2003 on the War on Drugs, at a rate of about $600 per second. The budget has since been increased by over a billion dollars.
Source: Office of National Drug Control Policy
State and local governments spent at least another 30 billion.
Source: National Center on Addiction and Substance Abuse at Columbia University: “Shoveling Up: The Impact of Substance Abuse on State Budgets,” January, 2001.
Arrests for drug law violations in 2009 are expected to exceed the 1,841,182 arrests of 2007. Law enforcement made more arrests for drug abuse violations (an estimated 1.8 million arrests, or 13.0 percent of the total number of arrests) than for any other offense in 2007.
Someone is arrested for violating a drug law every 17 seconds.
Source: Uniform Crime Reports, Federal Bureau of Investigation
Since December 31, 1995, the U.S. prison population has grown an average of 43,266 inmates per year. About 25 per cent are sentenced for drug law violations.
War on Drugs: The Price Tag | Culture11
Yet, getting caught with a few seeds or trace marijuana residue on a pipe is enough in some jurisdictions to trigger an arrest. Most who favor continuing the war assume that law enforcement focuses on sweeping up kingpins and members of cartels. But, here’s a sobering statistic. Of the 872,000 arrests in 2007 for marijuana-related offenses, almost 90 percent were for simple possession of the dried vegetation in question. The typical arrestee is younger than 30. Think college-age kid caught lighting up a joint. Now, multiply that by 775,000 — that’s where a significant chunk of your drug war dollars are going….
The price of deploying an army of local, state and federal cops, prosecutors and guards to arrest, try and imprison the perpetrators of this non-scourge? Using data from 2000, Harvard economist Jeffrey Miron estimated it as $7.7 billion4 per year while a 2007 study, by public policy expert Jon Gettman, figured it closer to $10.7 billion 5 per year.
This whole thing is hideously expensive. Mexico is mired in immense drug wars now, the government is corrupted by drug kingpin bribery. This is destroying the US as well as Mexico. We have to end it. During the Roaring 20’s, the Mafia became very powerful thanks to prohibition. One of the very first things the voters did in 1932, was elect a President who wanted to end prohibition. And then, the taps opened. And a lot of money was saved by the judicial system. Unfortunately, by then, the Mafia was deeply embedded in our economic systems.
End to Prohibition marks 75 years – USATODAY.com
People across the USA might take time out from the economic crisis and its sober comparisons to the Great Depression today to toast the 75th anniversary of the repeal of Prohibition.
Celebrations of the 1933 ratification of the 21st Amendment, which ended the country’s dry spell, are planned in San Francisco, Boston, New York, Washington, D.C., and elsewhere.
Maybe we will wake up and smell the pot burning. And seriously, the government should beware: beer drinkers riot. Pot smokers zone out and lay back. So I think the government, to save trillions of dollars, will stop hassling pot smokers and maybe even encourage it.
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Culture of Life News 
The language of derivaties keeps coming up.
How much more is on or off the books?
I have noticed that more countries are
nationalizing their banks. I was just reading
about Ireland’s 3rd largest bank. The country
would have exloped and imploded if it failed.
Funds have been sent via pony express Elaine.
An interesting, entertaining, and fairly accurate little slideshow can be viewed ( Thanks to the Indypendent) at:
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http://www.indypendent.org/slideshow
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I once read a stupid letter to an editor in which some idiot was clamoring for security to crack down on marijuana use at rock concerts.
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I said that if I was in charge of concert security I would be lobbying for the right to include a joint with the ticket purchase.
Rockefeller helped finance Prohibition.
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He wanted cars to run on oil.
I invite everyone to check out the articles over on China View about “Serf Emancipation Day”. It also has numerous photos of what life was like for 90% of Tibetans before 1958.
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It appears that only a few people want the “old way” to return to Tibet, most notably the Dalai Lhama and his supporters living in exile.
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The rest of the freed slaves do not want to go back to his regime.
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Amazing all the things we are not taught in history class. Why even teach history if you are just going to teach lies? It can take a lifetime for many to unlearn these lies — five times more time than it took to spread the lies.
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I often wonder how much of my childhood was wasted trapped in the local school listening to lies 8 hours a day. With some minor exceptions, I hated school. We could have been outside.
A hundred years ago the US government could speak softly and carry a big stick. Now Geithner yells and China has the stick.
http://news.yahoo.com/s/nm/20090124/ts_nm/us_china_usa
Yup, China is yelling and note, in the article, there is this:
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The remarks from Su Ning, a vice governor of the People’s Bank of China, were the bank’s first public reaction to comments from U.S. Treasury Secretary-designate Timothy Geithner, who said this week that Beijing was manipulating its currency exchange policies to gain an unfair trade advantage.
“These comments are not only out of keeping with the facts, even more so they are misleading in analyzing the causes of the financial crisis,” Su said of Geithner’s comments to the Senate Finance Committee, according to the official Xinhua news agency.
pot smokers are crazy… they eat people and pot should be oulawed ‘or at least kept as it is’… business should dictate weather or not you can smoke pot ‘not’ not the government… these guys are dorks BANNED… Weekend time spend your MONEY stimulate the ECONOMY..
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http://video.google.com/videoplay?docid=-181259944046452879&q=iluminati&total=111&start=0&num=10&so=0&type=search&plindex=4
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drunks > pots
A number of states are in as bad or worse shape than CA or NY. The numbers don’t tell the extent of it. That’s because for years now, states have been cost shifting: dumping state program costs onto local governments (county, city). And where will THEY get the money? Good question. People need to find out who their county commissioners are, who their city council members are and hold their feet to the fire and DEMAND their local pols act resposibly.
I didn’t have time earlier but I added another wonderful FOMC member to the roster here, a guy who ran Citigroup into the ground. Gads. What a horror. These people should be arrested.
So they are talking about creating a “bad bank”? We HAVE bad banks – lots of them! MOST banks are bad banks! If you want to look for a “bad bank”, start with the Federal Reserve, then to Citi and the other megabanks, and work your way down. The last thing we need in this country is another “bad bank”. A few good banks would be useful, though.
DeVaul:
I wholly agree with you, and I was a public school teacher for 25 years.
Most of us, in order to have our thinking and judgment advance beyond mere repetition of a set of (often erroneous) facts and values we were once taught, have to discard much of our education, especially public education which is designed to uphold the main objectives of the state, at the expense of its citizens.
Why do you think elites send their children to selected private schools…some with secret societies like skull and Bones etc.?
In regard to the FMOC, if you research these guys, you will discover that they have solid connections to the same crooked old Bush financial crowd.
Not much has changed in the financial end of government under Obama.
I’m sure many posters know how to research links prominent people have with others. In case some don’t, goto:
http://www.nndb.com
This site gives birthplace, education, religion, sexuality, risk factors, political, jobs bio and other pertenant info…Also has a great mapper where you can see who the person is attached to…You will be amazed at their connections to the same old crowd of insiders.
Ah! The War on drugs. This also disgusts me to no end.
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Most of the US criminal justice system is just a huge industry designed to pick the public pockets and keep the citizenry under the thumbs of elites who run the state apparatus.
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When I was a semi-rebellious 14 year old in my small Southern town, as we rode past it one day, my dad suddenly turned right into the alley called “Lawyer’s Row” which encircled the imposing Greek Revival courthouse with its Confederate soldier statue on the front lawn. I still remember his words today.
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He said, “Dave, do you see all of those lawyers offices on this street… Every one of them are waiting to pick your pockets clean if you give them a chance. If you get arrested, they will take all they can from you and if you keep causing trouble, they will send you to a prison so they can use you to pick the taxpayers pockets clean too…so, for everybody’s good, you stay away from this place if you can.”
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Dad was correct, the entire criminal justice system is an enormous bloated industry designed to oppress the citizenry and make money for many people; policemen baliffs, lawyers, judges, prison personnel and parole officers, not to mention all of the private corporations that provide services to these systems.
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If the war on drugs ended, billions of dollars could be used to rebuild our industrial base and our infrastructure, but I fear that 2/3 of the above people would be unemployed..including the colleges and law schools that train them…it’s godawful terrible the amount of money spent on these worthless systems while US citizens go without medical care.
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I spent about $30,000 per year to educate my last child in a modest private college. The average US prisoner takes about $25,000 per year to keep imprisoned…Hell! lets just give them all a free college education instead! Then they can all become financiers and politicians. Considering the quality of government nowadays, a new crowd might even improve things, especially if they can legally chill out and smoke a little weed.
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In the US, the entire drug industry, including the legal industry, is an enormous scam, run by racketeers, not for our benefit, but for extraordinary and unnecessary profits that benefit only those who make money from it.
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My neighborhood mechanic repairs long-haul tractor trailers that travel into Mexico…He also repairs his doctor’s vehicles in return for family medical care. Doctor tells friend what drugs he needs and friend has his long-haul trucking buddies buy them across the counter in Mexican pharmacies for 1/4 to 1/3 the US cost, and he keeps a good supply on hand for family needs…same drugs, made by same companies, but with Spanish instructions on the packages.
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The deceased comedian, Bill Hicks, described the dangers of marijuana best…two guys smoking pot are involved in a car wreck, but neither were injured…they were only traveling at 4 miles per hour.
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Things are reaching a point of corruption where if it exists in the US, someone is scamming a lot of money from it…and this includes the war on drugs and the war on terror. I don’t think these systems can last much longer without breaking down.
“GEAB N°31 is available! Phase IV of the systemic crisis: The sequence of global insolvency begins”
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“- Public announcement GEAB N°31 (January 16, 2009) – “…
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http://tinyurl.com/aa7dqm
Pingback: FOMC HAS CRIMINALS RUNNING THE SHOW « Culture of Life News | dualgolf.com
So, you were a teacher, Dave? Your postings are quite interesting reads. Thank you for sharing here!
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About bad banks, WNC Observer: HAHAHA 🙂 We need just one good bank!
Central Banking Crime families cannot make any money on pot because the peasants can grow it in their backyard.
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Notice also how many laws there are stopping home brewing of alcohol. Same difference.
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Pot also reduces demand for their cocaine and heroin cash cow operations.
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It also causes people to not want to work in their crime operations, aka corporations.
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The most amazing thing though about ZIRP is normally NO ONE KNOWS which direction interest rates are heading. But when they are zero there is only one direction. Interest rates have to go up and bond prices have to go down.
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Who in their right mind would make a loan when the KNOW the value of the debt will go down?
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It is funny though to see the Chinese Communist call out Geithner and laugh at the foolish words this tool is commanded to speak.
David, According to 1996 GAO Study, costs for federal, state, and local prisons comes to over
$150,000/prisoner.
Yes, anyone can grow pot. And eating it is healthier than smoking it, by the way.
More Criminals:
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http://www.cjr.org/the_audit/good_scoop_by_the_ft.php
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Elaine: good video in this posting re the Banking crisis. I watched it even though I was initially repulsed by its picture of that great fraudster Ronald Reagan–yech! Notice how “Dubaya” is like Reagan in that they BOTH have had former insiders write less than flattering books about them? Of course, with “Dubaya”, Perle, Clark and McClellan didn’t even wait until AFTER “Dubaya” left office to write their exposes.