Alternative News

Fed’s Janet Yellen: Debt Free Multi-Millionaire

"Federal Reserve vice-chair, Janet Yellen, who is widely believed to be under consideration to be nominated by President Obama to succeed Ben Bernanke as Fed chair, is a debt free, multi-millionaire. The total does not include the pensions the couple earned at the University of California, Berkeley, where both worked as professors, nor Ms. Yellen’s pension from the Federal Reserve Bank of San Francisco, where she was president from 2004 to 2010, nor the home they own near campus. The disclosure forms do not include the salary earned by Mr. Akerlof as a senior resident scholar at the International Monetary Fund." Continue reading →

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Bernanke Textbook Royalties

"The textbook business can be very very lucrative. Fed Chairman Ben Bernanke is co-author (from before he was in government) of 'Principles of Economics' and 'Principles of Macroeconomics' (written with Robert Frank, published by McGraw-Hill) and 'Macroeconomics' (with Andrew B. Abel and Dean Croushore, from Pearson). It appears that the McGraw-Hill books are more lucrative, generating $100,000 to $1 million in income for the chairman, who also made $50,000 to $100,000 from Pearson." Continue reading →

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Bernanke Is Getting Killed in the Bond Market

"Federal Reserve Board chairman Ben Bernanke's latest disclosure statement for year end 2012 shows that he held positions in the Blackrock High Yield Bond Fund and US Treasury strips. If he continues to hold these positions, he is losing big time. His Blackrock bond position is down by at least 5%. Meanwhile, his strips position is likely getting destroyed. Here is a chart on the PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, which is likely comparable to what Bernanke is holding. Over the last 12 months, it is down more than 24%. Bottom line: Bernanke is not only screwing up the nation's economy, he is screwing up his own portfolio." Continue reading →

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22 Reasons Why Starting World War 3 In The Middle East Is A Really Bad Idea

"Russia and China are sternly warning the U.S. government not to get involved in Syria, and by starting a war with Syria we will do an extraordinary amount of damage to our relationships with those two global superpowers. Could this be the beginning of a chain of events that could eventually lead to a massive global conflict with Russia and China on one side and the United States on the other? Of course it will not happen immediately, but I fear that what is happening now is setting the stage for some really bad things. The following are 22 reasons why starting World War 3 in the Middle East is a really bad idea." Continue reading →

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I was a liberal mole at Fox News

"Each show had one person — be they anchor or producer or whoever — who was directly accountable to the Second Floor. That was the brilliance of the company’s power structure. One misconception that outsiders always had about the channel is that we’d sit around all morning planning how to distort the news that day. But there was never any centralized control like that. No 'marching orders,' as it were. Instead, it was more a decentralized, entrepreneurial approach. Each show was an autonomous unit. Each showrunner — who had not risen to their position by being stupid — knew exactly what was expected of them, knew what topics and guests would be acceptable." Continue reading →

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Bill Kristol’s Empire of Death

"What do Bill Kristol's enterprises all have in common? They traffic in murder and mayhem worldwide. They provide well-paid sinecures to 'intellectuals' to argue the case for a permanent revolution to be fought by the US to the benefit of the military industrial complex. They are heavily subsidized by the mega-wealthy who have an international agenda that does not necessarily reflect US interests. They are oblivious to public opinion in the US and are impervious to market forces. Though purporting to advocate the spread of democracy worldwide, they are disdainful of majority opinion in the US, preferring to adhere to the Straussian view that the non-elites must be lied to continuously." Continue reading →

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Another Lying Rice in the White House

[May 2013] "She happily spread the lies and war propaganda to coerce support for an invasion, and she had her own 'mushroom cloud' moment when she peddled the lie to fellow diplomats behind closed doors that Gaddafi was issuing Viagra to his troops so that they may carry out mass rape. What is it about lying officials named 'Rice'? The stated purpose of the Libya force authorization was to protect the insurgents in Benghazi, who it was said Libyan army was about to engage. We all know how that came out: the insurgents were saved by US intervention and they shortly therafter went on to express their appreciation by killing the US ambassador and three others." Continue reading →

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McCain’s Next Stop: Guantanamo?

[May 2013] "First, it has emerged that the some of the individuals he met with in Syria are actually ruthless kidnappers, who snatched men, women, and children from a Lebanese bus. Second, McCain's Free Syrian Army in Aleppo have announced that they are merging with the US-designated terrorist group Jabhat al-Nusra, which is effectively a branch of al-Qaeda. Finally, McCain's Free Syrian Army are reported to have entered the Christian-populated al-Duvair village near Homs on May 27th and massacred the entire Christian civilian population of the village. Section 1021 of the infamous 2012 National Defense Authorization Act prescribes indefinite detention for: [..]" Continue reading →

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Will The US Really Condemn Terrorism in Syria?

[March 2013] "The US government's various reports on religious freedom are largely politicized affairs designed to demonize practices in countries out of favor and skip over abuses among its allies. One could hardly imagine a more direct attack on religious liberty than to set off a bomb in a building of religious worship. But this attack has been perpetrated by US allies in Syria, who have benefited recently from 3,000 tons of sophisticated weapons shipped in by the US government and paid for by paragons of religious tolerance such as Saudi Arabia." Continue reading →

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US ‘Elects’ New Syrian Leader…A Guy From Dallas!

[March 2013] "In the name of democracy, the US government has supported a variety of armed opposition fighters in Syria seeking to overthrow that country's president, Bashar al-Assad, who according to a wide variety of information sources enjoys support from the majority of the Syrian people. So to promote democracy in Syria, the US government has taken it upon itself to choose a new leader for Syria. This democratic answer to Syria's problems lives in Dallas, TX, and was educated in Indiana. He has not set foot in the country he now 'rules' in more than thirty years. Also, he is an Islamist from the Muslim Brotherhood. That is what the US government calls 'democratic legitimacy.'" Continue reading →

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