Big Lie

Glenn Greenwald: MLK’s vehement condemnations of US militarism are more relevant than ever

"Obama's policies are a manifestation of exactly the militaristic mindset which King so eloquently denounced. Obama has always been fond of invoking King's phrase 'fierce urgency of now', yet ironically, that is lifted from this anti-war speech, one that stands as a stinging repudiation of the continuous killing and violence Obama has spent the last four years unleashing on many countries around the world (Max Blumenthal suggested that Obama's second inaugural speech be entitled 'I have a drone')." Continue reading →

Continue ReadingGlenn Greenwald: MLK’s vehement condemnations of US militarism are more relevant than ever

Rapper Lupe Fiasco thrown out of inaugural party after criticizing Obama during performance

"The video also shows Fiasco seemingly doing an a capella freestyle rap away from the microphone while members of the crowd cheer. Buzzfeed quoted Josh Rogin, a writer for The Cable, as saying Fiasco went on 'an anti-Obama diatribe mid-set' and stayed on stage for 30 minutes without doing a different song. The footage does show Fiasco talking to security personnel before being led off the stage." Continue reading →

Continue ReadingRapper Lupe Fiasco thrown out of inaugural party after criticizing Obama during performance

Sex is major reason military commanders are fired

"Sex has proved to be the downfall of presidential candidates, members of Congress, governors and other notables. It's also among the chief reasons that senior military officers are fired. At least 30 percent of military commanders fired over the past eight years lost their jobs because of sexually related offenses, including harassment, adultery, and improper relationships, according to statistics compiled by The Associated Press. The figures bear out growing concerns by Defense Department and military leaders over declining ethical values among U.S. forces." Continue reading →

Continue ReadingSex is major reason military commanders are fired

Japan should let elderly ‘hurry up and die’: finance minister Taro Aso

"Japan’s finance minister Taro Aso said Monday the elderly should be allowed to 'hurry up and die' instead of costing the government money for end-of-life medical care. Ageing is a sensitive issue in Japan, one of the world’s oldest countries, with almost a quarter of its 128 million people over 60. That figure is expected to rise to 40 percent within the next half-century. At the same time a shrinking number of workers is placing further strain on an already groaning social security system, with not enough money going into the pot to support those who depend on it." Continue reading →

Continue ReadingJapan should let elderly ‘hurry up and die’: finance minister Taro Aso

Fitch ratings agency highlights threat of aging population time-bomb

"Many advanced economies will be threatened by another, long-term fiscal shock unless they tackle the problem of ageing populations, the ratings agency Fitch warned on Monday. In particular Cyprus, Ireland and Japan, could well see the cost of ageing populations jump over the next decade, the agency said, warning that this would affect the sovereign debt ratings of such countries at some point. 'Luxembourg, Belgium, Malta and Slovenia face the most severe impact over the very long term,' Fitch noted." Continue reading →

Continue ReadingFitch ratings agency highlights threat of aging population time-bomb

China may cut U.S. debt holdings

"China’s sovereign wealth fund, which has more than $480 billion in assets, could cut holdings of US Treasury Bonds as they are becoming a less attractive investment, state media said Tuesday. The Shanghai Securities News quoted Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corp (CIC), as telling a conference in Hong Kong on Monday that the US economic recovery had made other investments appealing. China has the world’s largest foreign exchange reserves and according to US government figures is the largest foreign holder of US Treasuries with $1.16 trillion at the end of October last year, the latest available statistic." Continue reading →

Continue ReadingChina may cut U.S. debt holdings

Petition Launched Calling for Audit of US Gold Supply

"Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales. As of 12/31/2012 the US Treasury claims to hold 261 million ounces of gold at Denver, Fort Knox, West Point and at the Federal Reserve Bank of New York. This bullion was last subjected to a full physical audit in 1953. The gold bars need to be assayed and weighed. Once the gold is verified the paper trail must be audited to determine who really owns the gold; i.e. how much has been loaned to bankers and dealers and sold or swapped to non-Treasury entities including foreign governments." Continue reading →

Continue ReadingPetition Launched Calling for Audit of US Gold Supply

Peter Schiff Doubles Down on Inflation Prediction

"Schiff looked at Bureau of Labor Statistics price changes for 20 goods and services between 1970 to 1980 and again between 2002 and 2012, decades that Schiff says were both periods of large deficits and loose monetary policy. Schiff found that his basket of goods increased 61% faster than CPI for the period between 2002 and 2012. In contrast, his basket rose just 5% faster than CPI from 1970 to 1980. 'How can you believe these statistics when the numbers are so flawed?' Schiff asks in response to his research on CPI." Continue reading →

Continue ReadingPeter Schiff Doubles Down on Inflation Prediction

Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt

"Spain has been quietly tapping the country's richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds, raising questions about the fund's role as guarantor of future pension payouts. Now the scarcely noticed borrowing spree, carried out amid a prolonged economic crisis, is about to end, because there is little left to take. At least 90% of the €65 billion ($85.7 billion) fund has been invested in increasingly risky Spanish debt." Continue reading →

Continue ReadingSpain Plunders 90% Of Social Security Fund To Buy Its Own Debt

Greek debt crisis ‘far from over’

"After five straight years of recession, the eurozone's weakest link moves into 2013 with an economy set to further contract, unemployment at a record 26%, one in three living on or below the poverty line, and the worst of austerity yet to come. In the runup to Christmas, even the Greek finance minister, Yannis Stournaras, felt fit to admit that despite being the recipient of €240bn in EU and IMF rescue funds – the biggest bailout in global history – Greece could still default on its massive pile of debt, a move that would result automatically in exit from the 17-nation bloc." Continue reading →

Continue ReadingGreek debt crisis ‘far from over’