Alternative News

US War Crimes Bring Huge War Profits

"It seems like just yesterday that President Clinton's moralizing humanitarian interventionists were taking the US into an illegal war in partnership with the terrorist Kosovo Liberation Army (a 1990s version of current US partner, the 'Free Syrian Army'). Now in Kosovo, where you can stroll down Bob Dole Street and Bill Clinton Blvd. while admiring the hulking and grotesquely cartoonish statue of our 42nd president, the 'liberators' of that tiny mafia state have returned to collect their rewards for bathing the Balkans in blood." Continue reading →

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Obama approved F-16 fighter jets as gift to Egypt

"Despite instability due to the new Islamic government in Egypt, the US is sending more than 20 F-16 fighter jets to Egypt as part of a $1 billion foreign aid package. The first four Lockheed Martin F-16 fighter jets are set to arrive in Egypt on Jan. 22, an unnamed source told Fox News. The new Islamic president, Mohammed Morsi of the Muslim Brotherhood, has recently made political moves that have fueled anger and criticism both in the West and among secular Egyptians. Mass demonstrations are currently taking place in Cairo and several other Egyptian cities against Morsi’s decision to hold a referendum on a pro-Islamist constitution." Continue reading →

Continue ReadingObama approved F-16 fighter jets as gift to Egypt

New Hampshire police Taser Chinese woman who tried to buy too many iPhones

"Police in Nashua, New Hampshire say they were forced to use a Taser on a 44-year-old Chinese woman who does not speak English after she was told to leave an Apple Store because she was trying to buy too many iPhones. Through a translator, Xiaojie Li told WMUR that she had bought two iPhones from the Pheasant Lane Mall Apple Store on Friday and returned on Tuesday to buy more to send to her family in China. Shoppers captured cell phone video of police — who were providing security at the store’s request — using a stun gun on Li as she laid on the mall floor screaming." Continue reading →

Continue ReadingNew Hampshire police Taser Chinese woman who tried to buy too many iPhones

$9 Billion in Government Checks Result in Some Parents Keeping Their Children Dumb

"This is what poverty sometimes looks like in America: parents here in Appalachian hill country pulling their children out of literacy classes. Moms and dads fear that if kids learn to read, they are less likely to qualify for a monthly check for having an intellectual disability." Continue reading →

Continue Reading$9 Billion in Government Checks Result in Some Parents Keeping Their Children Dumb

Bank of England & Carney: This Doesn’t Sound Good

"'The [UK] Treasury opened the door to a more aggressive monetary policy on Wednesday, as aides to the chancellor welcomed the next Bank of England governor’s radical views on stimulus measure for flagging economies. In a speech on Monday, Mark Carney suggested setting targets for the overall size of the economy, or nominal gross domestic product, rather than inflation.' [...] Does it worry anyone besides me just a teensy bit that this guy hasn’t even figured out where the BoE coffee pot is, and his people are already lying for him? Far be it from me to distrust an ex-Goldman Sachs banker, but still…" Continue reading →

Continue ReadingBank of England & Carney: This Doesn’t Sound Good

Bernanke to Double Down on Money Printing

"Mad money printer Ben Bernanke, in addition to continuing his current $40 billion in mortgage-backed securities, is going to also purchase longer-term Treasury securities at the tune of $45 billon per month. This is very serious money printing, especially given that banks appear to be adding this money to the system rather than putting the funds in excess reserves. Prepare for strong 2013 price inflation." Continue reading →

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Treasury Exempts Foreign Exchange Swaps from Definition of “Swap”

"More government regulations are always a bad idea, however, it should be noted when banksters get special privileges around regs. Dodd-Frank calls for regulation of swaps. The Treasury just announced that its final determination is that foreign exchange swaps are exempted from the definition of 'swap' and are not to be regulated under Dodd-Frank. What's particularly noteworthy about this is that the Federal Reserve did a lot of its propping up of foreign banks during the financial crisis via foreign exchange swap lines." Continue reading →

Continue ReadingTreasury Exempts Foreign Exchange Swaps from Definition of “Swap”

The MIT-Central Bank Connection

"Every two months, more than a dozen bankers meet here on Sunday evenings to talk and dine on the 18th floor of a cylindrical building looking out on the Rhine. The dinner discussions on money and economics are more than academic. At the table are the chiefs of the world's biggest central banks, representing countries that annually produce more than $51 trillion of gross domestic product, three-quarters of the world's economic output. Their monetary strategy isn't found in standard textbooks. The central bankers are, in effect, conducting a high-stakes experiment." Continue reading →

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Bankster-Government Revolving Door (Mortgage Division)

"Bob Ryan, who served as a top housing adviser in the Obama administration, will leave for a senior mortgage-banking position at Wells Fargo next month. Ryan is currently a senior advisor to Shaun Donovan, the secretary for Housing and Urban Development. Ryan played a key role shepherding the $25 billion mortgage-foreclosure settlement between five of the nation’s largest lenders, including Wells Fargo, and 49 state attorneys general and federal regulators this past March. Wells faces a separate lawsuit over FHA-backed loans that was filed by federal prosecutors in October." Continue reading →

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Bankster-Treasury Revolving Door

"Former senior U.S. Treasury official Tim Adams will succeed Charles Dallara as the head of the Institute of International Finance, a bank lobbying group that represents more than 470 of the world’s largest financial companies. Adams will take over the helm during a major rewrite of financial regulations across the globe and amid the continuing debt and banking crises in Europe. Adams served as Treasury undersecretary for international affairs in the administration of President George W. Bush." Continue reading →

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