The Death of Privacy

"If the War on Drugs was an erosion of the Fourth Amendment, the 'War on Terror' sounded its death knell. The NSA’s warrantless domestic spying program has turned America into the most surveilled society in history, eclipsing conditions of East Germans under the Stasi. The government is illegally monitoring (in real time) activities not tethered to any suspicious or illegal conduct—for example, phone calls, purchases, email, text messages, Internet searches, social media communications, health information, employment history, travel, and student records—and creating dossiers on everyone (even senators, congressmen, and decorated generals)." Continue reading

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Plead Guilty or Go to Prison for Life

"The efficient transformation of defendants into prisoners cannot be the standard by which we assess our criminal justice system. If the possibility of sending someone like Chris Williams to prison for the rest of his life is so obviously unfair, why does the law allow it, let alone mandate it?" Continue reading

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Activists and family blame suicide of Aaron Swartz on overzealous prosecution

"Two years before the MIT incident, the FBI launched an investigation after Swartz released a trove of US federal court documents online that are usually only accessible at a fee through the government’s Public Access to Court Electronic Records, or PACER. In 2008, that fee was eight cents per page. In less than three weeks, he managed to download more than 18 million pages with an estimated value of $1.5 million to his home in the Chicago suburb of Highland Park. Swartz had pleaded not guilty to charges of computer fraud, wire fraud and other crimes carrying a maximum sentence of 35 years in prison and a $1 million fine." Continue reading

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Americans Used to Tar-and-Feather Tax Collectors

"Last September, Deputy IRS Commissioner Steven Miller promised a Republican-controlled congressional subcommittee that the agency would not enforce the Obamacare mandate. He lied, of course. Despite the fact that the agency is not a legislative body, last December it created 159 pages of Obamacare-related regulations. Since the rules are invasive and deliberately confusing, it’s not surprising that many business owners are looking for ways to minimize their exposure to the IRS’s scrutiny. This has prompted the agency to warn that it will soon issue 'anti-abuse rules' intended to punish business owners who use existing regulatory loopholes found in the law." Continue reading

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Secrets and Lies of the Bailout

"It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it." Continue reading

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Billions in Afghan aid could be wasted: U.S. inspector

"Billions of dollars in American assistance to Afghanistan could ultimately go to waste without better planning and security in the war-torn nation, a US investigator said Thursday. Despite US commanders’ talk of progress in Afghanistan, Sopko said that it was becoming more difficult for inspectors to head into the field to ascertain that US money was being well spent. Sopko accused both the Pentagon and the US Agency for International Development of lacking long-range plans on where and why they were building projects and of often failing to ensure quality standards." Continue reading

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Catherine Austin Fitts: Coming Clean Beyond the Fiscal Cliff

"Here are the most significant challenges we must address to put our federal fiscal house in order. Each includes a brief description. Click on the link that follows for more discussion of the particular challenge, including examples and stories from my experience as well as other recommended references." Continue reading

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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