Bloomberg released the certainly uncooked and unmodified data for the borrowing totals of 407 banks and companies bailed out by the TARP from 2007-2009. Conveniently released 2 days before Christmas for your convenience. Sound familiar? Yup, the Federal Reserve Act itself was “ratified” 23 Dec 1913. I think it’s because they wanted the American public to know about it so Congress made sure to pass it when everyone was looking.
22 December, 2011
bacon, captainobvious black budget, cannabis, decriminalization, drug trade, head in the sand, hypocrite, indica, injustice, legalization, lip service, marijuana, obama, pot, prohibition, sativa Leave a comment
Toke of the Town dispells the rumor about Sweden legalizing some possession of cannabis as well as a limit on a legal number of plants to own. I forget the details since when I first saw that I was like… pfff yeah right and then saw “420 Dagbladet” as the source and pretty much knew at that point. Suckas!
reddit user “Mr. Danger” still has yet to respond to our 100$US bet about Obama even _decriminalizing_ cannabis. Even worse, his puppet of choice appears to have shredded the Constitution almost as much as his Republicrat predecessors. The guy is about to eliminate due process of law by not vetoing the NDAA bill. So, while it’s fair to say that Obama has almost another year to win Mr. Danger 100$US, it’s more likely in my opinion that the former Constitutional scholar and Nobel Peace Prize winner (pffff really? What kind of bizarro world am I living in? The guy just assassinated a US citizen without due process of law or even a damn warrant, he just decreed it to happen…) will institute martial law in Sept/Oct 2012 after the PIIGS/EU/UK/Japan/US economic dominoes fall and it becomes apparent that Ron Paul might actually win and the populace as a whole might wake up!
Nice going, Obamanoids. I’m making lots of immature “I told you so!” gestures in my mind at yall. Fast and Furious ones! TSA groping ones! Expanded overseas military ones! Federal crackdowns on medical marijuana ones! Yes, that’s right, “Raids on growers and dispensaries actually increased under Obama.”
That’s Saul Alinsky, by the way.
Update 06 Sep 2012: *whistle* *crickets* Running out of time…
21 December, 2011
2 of these articles in 2 days from major UK papers:
Not a good sign. The UK and EU situation will likely unravel next month when major banks do their yearly settlements. There should be a clearer picture of how 2012 will start out after that.
20 December, 2011
According to Reuters columnist James Saft, the case is strong for there to be personal bias of Bernanke towards hyperinflating the dollar – the faster it loses value, the faster he can pay it off. This isn’t at all shocking, but I found it interesting that a Reuters-sourced article would just point it out:
Bernanke, who turned 58 this week, refinanced his mortgage in September, less than two years after the last time he refinanced, according to a report in the Wall Street Journal, citing sources and public records.
Bernanke owes $672,000 on his house, about 80 percent of its appraised value. The mortgage has a 30-year term, implying that repayments are fixed and that it likely carries an interest rate of about 4 percent.
At least he’s eating his own dog food, as the saying goes. The great benefit of this type of economics is that people can exploit currency devaluation by getting debt in the form of mortgages, car payments, bank loans etc and as long as there is some guarantee of inflation, it arbitrages the finance charge and as long as there is consistent income, the debt will not be as… indebting as one might think.
Unfortunately, this hurts most working class people and most disabled and elderly who are on fixed incomes such as pensions and US Social Security, for example. I think I’m not mistaken by assuming that the large majority of Americans think that if they work hard and save their money, they can have a nice house, a retirement and some kind of financial legacy to pass on to their kids. If the money being saved in is constantly losing value, however, it’s like a self-defeating spiral. People are just spinning their wheels getting illusory salary raises working harder and harder to put money in a savings account that doesn’t come close to balancing out inflation. To quote the Lazarus Long character of Robert Heinlein’s work:
$100 invested at 7% interest for 100 years will become $100,000, at which time it will be worth absolutely nothing. — Lazarus Long, “Time Enough for Love”
Or to put in more contemporary terms, a dollar from 1950 will only buy 11 cents worth of goods today – i.e. it has lost 89% of its value (Michael Hodges, Grandfather Economic Report Series: Inflation)
I don’t know about you, but I feel like I’m being robbed. I don’t feel right accumulating a lot of debt then declaring bankruptcy. It seems implied, however, that if one is willing to take the risk of the credit hit and social stigma associated with it and still come out golden, then by all means that’s what one should do. This seems fundamentally wrong to me. Just because I know I can do something doesn’t mean I should.
I kind of feel sorry for Bernanke, too. $672,000 left to pay off? Is that a helicopter rotor I hear?
20 December, 2011
I love Anthony Watts’ blog Watts Up With That. I just checked it after hearing some news report by SRN News (good people) that the climate cops are now trying to scare people with a potential methane release from under the Arctic ice cap. Are they counting on people not knowing that the ice cap expands and recedes cyclically and seasonally?
Anyway, as if Climategate wasn’t enough to wake people up to how shady these people are, now there’s a Climategate2! Based on what Watts is saying, the blogger in question who was the first to break the story got RAIDED by police who then took his hard drives to clone them. Apparently he is not a suspect. I have no idea if this is lawful and legal behavior in the UK or not (it certainly isn’t here in the States!), but if a journalist is not a suspect in a case, why is their property being searched? Sounds like an intimidation campaign to me. Fortunately this has gone fairly viral and I hope it provides a view into the globalist police state to a wider audience.
I worry that incriminating evidence could be planted on his drives, which is a classic thug tactic with regards to digital media and the law. For example, to shut this guy up and/or punish him, drop some kiddie porn on his drives. Digital media forensics is still a very young field and there are few who know what the heck they are talking about. The ones who do can be easily compromised to provide the “evidence” desired. The concept of the chain of custody of digital evidence is still being ironed out as this is a very new landscape for the legal profession. You control the process of gathering, handling and interpreting evidence and you control quite a lot. Physical evidence is a fundamental component of trials that can make or break a case. This is partly why I am so disturbed by the TSA’s gathering of potential evidence with their naked body scanners – apparently that evidence is EDITABLE. Yes, the TSA could photoshop your body scan, potentially. There’s nothing that guarantees the integrity of that image as far as I can tell.
Visualize this scenario – I am a prominent, influential anti-oppression blogger. This would easily put me on several “lists”. Let’s say the TSA are doing some Fusion Center style database cross-referencing and find out that I am going to be flying. I go to the ticket counter and submit my non carry-on luggage. This luggage enters a restricted area that I have no control over. The TSA knows the airline I am using and instructs their luggage-handling clerks to plant some evidence into my luggage – let’s say, some plastic explosives. When I get to the body scan area, they take a pre-edited image that is sufficiently incriminating to combine with the plastic explosives in the luggage – say, a ceramic detonator or some such. They pull me aside and say they need to detain me based on something they saw in the scan. They use this as sufficient cause to search my luggage. I get arrested on terrorism charges and get sent to Guantanamo.
If I can think of it, someone else will. History is full of examples of similar abuses of power.
I also want to say to the irrational fanatics who proclaim that “the Science is settled!” that science is never settled. They obviously know nothing about science. The process for something to become a theory much less axiomatic law is lengthy and time-consuming and even laws like the speed of light are currently under question. There is never, ever “Settled Science”. I do understand the survival instinct and the desire to earn a living to feed one’s family. That doesn’t make this compliance with the globalists any less evil.
18 December, 2011
I remember Havel as having a contrarian mind that often reflected US libertarian values. Also, he had some killer taste in music. Truly the world needs more people like Havel and it is sad to see him go.
15 December, 2011
(work in progress, lot of research)
Don’t worry, some of the nasty junk has to be purged. I got to thinking, you know, a LOT of stuff happened in 1910 to 1914 behind the scenes that is now starting to rear its ugly filthy treasonous head.
Let’s take a top-level view of some of the major events and get a sort of gestalt view of the times from TOW:
September 1st – The Vatican introduces a compulsory oath against modernism, to be taken by all priests upon ordination.
November 22 – U.S. Senator Aldrich and A.P. Andrews (Assistant Secretary of the Treasury Department), along with many of the country’s leading financiers, who together represent about 1/6 of the world’s wealth, are witnessed leaving Hoboken, New Jersey on a train together. They later arrive at the Jekyll Island Club to discuss monetary policy and the banking system, an event which some say is the impetus for the creation of the Federal Reserve.
June 15 – IBM is incorporated as the Computing Tabulating Recording Corporation (CTR) in New York.
April 15 – RMS Titanic sinks at 2:20 am, taking with her the lives of more than 1,500 people. (Many prominent industrialists and other notables were on this ship, jj astor)
June 5 – U.S. Marines land in Cuba.
September 25 – The Columbia University Graduate School of Journalism is founded in New York City, New York.
October 30 – Vice President James S. Sherman dies in office just days prior to the 1912 presidential election. (“The ensuing campaign saw Taft in a stiff three-way battle with Democrat Woodrow Wilson and former U.S. President Theodore Roosevelt, the latter candidate having previously been in a nasty feud with Sherman over control of the New York Republican Party.
Sherman died in Utica a few days prior to the election. The Republican National Committee named Columbia University President Nicholas M. Butler to replace Sherman and receive any electoral votes for him. However, the Republicans only carried two states for a total of eight electoral votes, so this did not matter. “)
November 5 – U.S. presidential election, 1912: Democratic challenger Woodrow Wilson wins a landslide victory over Republican incumbent William Howard Taft. Taft’s base is undercut by Progressive Party candidate (and former Republican) Theodore Roosevelt, who finishes second, ahead of Taft.
February 3 – The 16th Amendment to the United States Constitution is ratified, authorizing the Federal government to impose and collect income taxes.
March 4 – Woodrow Wilson succeeds William Howard Taft as the 28th President of the United States.
May 14 – New York Governor William Sulzer approves the charter for the Rockefeller Foundation, which begins operations with a $100,000,000 donation from John D. Rockefeller.
June 15 – Bud Bagsak Massacre: U.S. troops under General John ‘Black Jack’ Pershing kill at least 2,000 civilians in Bud Bagsak, the Philippines.
October 3 – The United States Revenue Act of 1913 re-imposes the federal income tax and lowers basic tariff rates from 40% to 25%.
December 23 – The Federal Reserve is created by the Federal Reserve Act.
February 13 – Copyright: In New York City the ASCAP (for American Society of Composers, Authors and Publishers) is established to protect the copyrighted musical compositions of its members.
April 21 – 3,000 U.S. Marines land in Vera Cruz, Mexico.
June 1 – Woodrow Wilson’s envoy Edward Mandell House meets with Kaiser Wilhelm II.
August 4 – German troops invade neutral Belgium at 8:02 AM (local time). Britain declares war on Germany for this violation of Belgian neutrality. This move effectively means a declaration of war by the whole British Commonwealth and Empire against Germany. The United States declares neutrality.
November 16 – A year after being created by passage of the Federal Reserve Act of 1913, the Federal Reserve Bank of the United States officially opens for business.
December 17 – U.S. President Woodrow Wilson signs the Harrison Narcotics Tax Act (initially introduced by Francis Burton Harrison).