"The House Intelligence Committee's dueling partisan memos about FBI surveillance of a Trump campaign adviser will result in federal agents keeping secrets to themselves because they no longer trust Congress, experts warn."
"In Panama, owners of bearer shares no longer have their anonymity ensured. In the Cayman Islands, tax information will soon be shared under the US Foreign Account Tax Compliance Act (FATCA). These are just two striking examples of how jurisdictions in Central America and the Caribbean are cracking down on tax cheats. For decades, Switzerland prided itself as a haven for the world’s most affluent, with strict provisions for privacy. But now the former advantages of isolation and non-compliance are becoming a liability due to the limitations they place on access to the global financial system." Continue reading →
"We now know where we stand. Janet Yellen is to take over the US Federal Reserve, the world's monetary hegemon, the master of all our lives. The Fed will be looser for longer. The FOMC will continue to print money until the US economy creates enough jobs to reignite wage pressures and inflation, regardless of asset bubbles, or collateral damage along the way. No Fed chief in history has been better qualified. She has pedigree. Her husband is Nobel laureate George Akerlof, the scourge of efficient markets theory. Her lodestar is the 'non-accelerating inflation rate of unemployment' (NAIRU). When the rate is above NAIRU, she is a dove: when below, she is a hawk." Continue reading →
"In 2006, Israel was powerless to impose its rules of warfare on Hezbollah. Israel’s model of victory was expelling Hezbollah, but Hezbollah’s model of victory was simply surviving; their victory they achieved to Israel’s shame. In 2013, America risks being put in Israel’s pre-conflict position, except for one great difference. Assad is the Syrian state. He is not a shadowy nation in a host state, like Hezbollah in Lebanon. However, like the Summer War of 2006, America is in no position to accomplish the objective of stopping Assad’s use of chemical weapons on all three levels of military campaign planning: the (1) Tactical, (2) Operational, and (3) Strategic levels." Continue reading →
"Of all the promise of the Arab Spring [..] perhaps the greatest was the idea that the region could escape the paralyzing political trap that offered Western-backed dictatorship or radical Islamism as its only alternatives. These repressive Arab societies — so illustrative of Western hypocrisy in their power structures, so deadening to the hopes of the young, so shot through with nepotism and cronyism, so distant from a glimpsed modernity — resembled factories for militant Islam rather than bulwarks against it. When the only place to gather is the mosque, when 'secular' equals Western-backed dictatorship and when 'elections' amount to a rigged farce, the consolation of the Islamist cause grows." Continue reading →
"There are three issues: the powers of the Federal Reserve, the mandate of the Federal Deposit Insurance Corporation and the vulnerability of taxpayers when one or more large complex financial institutions fail. We have at least five such companies in the United States, all of which are intensely cross-border in their operations (in order of size, JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley). The biggest and most leveraged financial companies in the United States today are all now bank-holding companies, with access to the discount window at the Fed, via their commercial banking subsidiaries." Continue reading →
Creating the “Domestic Surveillance State” by Alfred W. McCoy In his approach to National Security Agency surveillance, as well as CIA renditions, drone assassinations, and military detention, President Obama has to a surprising extent embraced th...
Bob Tuskin of Truth Be Told Radio (TheyLie.com) was addressing the public with information pertaining to evidence of the World Trade Center demolition on September 11th, 2001. Apparently CNN affixed their cameras on a a Florida Pastor, who dislikes paper.
Let's summarize," he said. "We got an albino misfit with a strange name running around from country to country and leaking confidential information onto hundreds of anonymous servers. We'll fund the operation, but he'll pretend to...