An excerpt from page 150, America, the True Origins of the Financial Crisis and the Future of the World Economy”

Credit Default Swaps (CDS)

If Mr. Spock, of Star Trek fame, spotted a CDS and had to describe it to Captain Kirk, he would have said, in his usual expressionless way: “They are insurance policies, Captain, but not as we know them.” CDSs pay out pre-specified amounts of money if someone else defaults. The difference between a CDS and a…

By Carl Herman (excerpt, edited by yours truly)

Monetary reform is a fundamental shift in how America creates money. The shift is from a Robber Baron-era design of banks creating credit to lend to us at interest and ever-increasing debt, to our community (government) creating it for the direct payment of public goods and services.

The Great Depression in the US (1929-1941) motivated professional economists to comprehensively and creatively address its…

The craziness just keeps on coming from the “venerable” US Supreme Court. The sick individuals that make up the corrupt court never fail to amaze in their nefarious dealings.

 For example: Ex Monsanto lawyer Clarence Thomas to hear Major Monsanto Case. The world…

The Ogallala Aquifer is being drained at a rate of approximately 800 gallons per minute.

According to the US Geological Survey, since 1940 "a volume equivalent to two-thirds of the water in Lake Erie" has been permanently lost from the…

• For every one job opening, there are four people looking for work.
• Union membership is at a 70-year low.
• Unemployment benefits have saved 3.2 million people from poverty.
• 50% of US workers make less than $26,364 per year.
• When you add up salary and benefits, the average auto worker in Germany makes $67.14 an hour.  In the US, auto workers only make $33.77 an hour in salary and…

OF COURSE THEY DO! THEY GET RICH BY TAKING ADVANTAGE OF PEOPLE! THEY ARE TRUE PSYCHOPATHS AND SOCIOPATHS!

 Bloomberg reports that a new study in the Proceedings of the National Academy of Sciences found that the "upper class" are more likely to behave unethically than those of us with less money. According to the study rich scum were more likely to break the law while driving, take candy from children, lie in negotiation, cheat to increase their odds of winning a prize and…

1. The top 1% takes home 24% of the nation’s income, up from about 9% in 1976.
2. The top 1% of Americans own 40% of our country’s wealth while the bottom 80% owns only 7%.
3. In the last three years, 30 major corporations spent more on lobbying than they paid in taxes.
4. Since 1985, the federal tax rate for the 400 wealthiest Americans dropped from 29% to 18%.
5. The wealthiest 10% of all…

By Charles Hugh Smith (shortened & freely adapted by yours truly) can be viewed online with the above title.

Political and social revolutions occur when the productive classes realize the Status Quo no longer serves their self-interests. In other words, the revolution is first and foremost a personal internal process of recognition and enlightenment: all the propaganda issued by the Status Quo, which serves the best interests of the productive classes, is finally…

Published: 04 April, 2012, 01:48

After 9/11, the United States government created the Department of Homeland Security to prevent future acts of terrorism and deal with other domestic issues. Now in order to keep doing such, the agency is asking for 450 million hollow point bullets.

The DHS has signed off on an “indefinite delivery” from defense contractors ATK that…

Many libertarians regard Social Security and Medicare as welfare handouts and as Ponzi schemes, when in fact these programs are a form of private property. People pay for these programs all their working lives, just as they pay premiums for private medical policies and make their deposits into private pension plans. Libertarians are great defenders of private property, so why don’t they defend the elderly’s private property rights in Social Security and Medicare benefits? Social Security and…

• At a public school in Texas, a 12-year-old girl was arrested for spraying herself with perfume.
• A student in Albuquerque, NM was forced to strip down to his underwear while five adults watched because he had $200 in his pocket.  The student was never formally charged with doing anything wrong.
• A security guard at one school in California broke the arm of a 16-year-old girl because she left some crumbs on the floor after cleaning up some cake that she had…

“The power of the Executive to cast a man into prison without formulating any charge known to the law, and particularly to deny him the judgment of his peers, is in the highest degree odious and is the foundation of all totalitarian government whether Nazi or Communist.” 

--Winston Churchill 



“All propaganda must be so popular and on such an intellectual level, that even the most stupid of those toward whom it is directed will understand it... Through clever and constant…

1) No government agency can overrule the decisions made by the Federal Reserve.

2) Along with US government appointed board of governors, the Federal Reserve consists of 12 private corporations called Federal Reserve Banks.

3) Federal Reserve shareholder names are a highly safeguarded secret. In fact, they are protected by law because the shares can’t be sold or traded. No one is allowed to know who they are and no one can find out. This includes the…

The craziness just keeps on coming from the “venerable” US Supreme Court. The sick individuals that make up the corrupt court never fail to amaze in their nefarious dealings. For example:

At Wesleyan University in early 2012, Supreme Court Justice Antonin Scalia gave a speech. At the end of the speech, Scalia took questions from the audience. One person asked about the Bush-Gore case, where the Supreme Court had to determine the winner of the election.

“Get over it,” Scalia…

The United States has become the very first "post-industrial" nation on the globe. Millions upon millions of manufacturing jobs have been lost.  The US has become a nation that consumes everything in sight and yet produces increasingly little. The biggest export by the USA is waste paper.  Yes, trash is the number one thing that we ship out to the rest of the world.

The same thing that happened to Detroit is now happening to dozens of…