Category: Uncategorized

Wall Street Moves to Put Taxpayers on the Hook for Derivatives Trades

Screen Shot 2014-12-05 at 3.39.28 PMWall Street has for some time attempted to put taxpayers on the hook for its derivatives trades. I highlighted this a year ago in the post: Citigroup Written Legislation Moves Through the House of Representatives. Here’s an excerpt:

Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:

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Housing Fraud is Back – Real Estate Industry Intentionally Inflating Home Appraisals

Almost 40% of appraisers surveyed from Sept. 15 through Nov. 7 reported experiencing pressure to inflate values, according to Allterra Group LLC, a for-profit appraiser-advocacy firm based in Salisbury, Md. That figure was 37% in the survey for the previous year.

“If you thought what was happening before was an embarrassment, wait until the second time around,” said Joan Trice, Allterra’s chief executive and founder of the Collateral Risk Network, which represents appraisers employed by lenders and other companies and has been meeting with regulators to discuss concerns about appraisers being pressured into inflating values.

– From the Wall Street Journal article: Dodgy Home Appraisals Make a Comeback

When in doubt, just make shit up.

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United Serfs of America – Low Income Workers at Jimmy John’s Forced to Sign Noncompete Agreements

Screen Shot 2014-10-14 at 2.29.52 PMWhile oligarchs and corrupt politicians continue to loot the world with impunity, low income workers and the middle class continue to be pushed into a life of misery and serfdom under a neo-feudal plutocracy. The latest example has manifested itself under ridiculous noncompete clauses that low wage workers are being forced to sign at Jimmy John’s.

The Huffington Post notes that:

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Video of the Day – NYPD Officer Steals Brooklyn Man’s Money Then Pepper Sprays Him

Screen Shot 2014-10-09 at 4.49.26 PMEarlier this week, I highlighted the growing practice of police stealing American citizens’ hard earned cash with reckless abandon via the shady practice known as “civil asset forfeiture” in the extremely popular post: “Common People Do Not Carry This Much U.S. Currency…” – This is How Police Justify Stealing American Citizens’ Money.

While that post focused on how cops confiscate cash from motorists on the road, it appears the NYPD prefers to do its work on street corners. Like what happened to Lamard Joye in Coney Island, Brooklyn last month. The New York Daily News reports that:

The Brooklyn district attorney’s office is investigating allegations that an NYPD cop swiped more than $1,000 from a man during a stop-and-frisk, then pepper-sprayed him and his sister when they complained, the Daily News has learned.

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Australian Senate Kills Civil Liberties with Draconian New Anti-Terror Law in Orwellian Orgy of Baseless Fear-Mongering

Screen Shot 2014-09-25 at 11.21.10 AMUnderstanding how the power structure thinks, and how it intentionally manipulates the emotions of the masses, is key to overcoming and rolling back totalitarian ambitions. I have spent the last few posts talking about how instilling fear throughout the general populace is one of their primary tactics. Indeed, to borrow a term from Glenn Greenwald, “fear-manufacturing” has been in overdrive across the Five Eyes nations over the past several weeks.

In the UK, we saw it used to convince elderly Scots to overwhelming vote against independence, thus swaying the result decisively to the NO side. In the USA, we have seen it used to drum up support for another pointless war in the Middle East, which will benefit nobody except for the military/intelligence-industrial complex.


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Introducing Liberty Blitzkrieg Contributors

Liberty Blitzkrieg was launched two and a half years ago on April 19th, 2012, the day after the 237th anniversary of Paul Revere’s ride. It has been one of the most rewarding experiences of my life, and if not for the tremendous support of my faithful readers, would not have been possible. The interest my work has generated, the thoughtful email messages of encouragement, the passionate comments, and of course the generous and entirely voluntary Bitcoin donations has touched me and inspired me to improve my writing and content generation every single day.

When I first started out, I figured maybe a few hundred people would come and visit per day. As 2014 comes to a close, those expectations have been exceeded greatly, with Liberty Blitzkrieg averaging 65,000 unique visitors and 123,000 page views per month so far this year. What can I say except: Thank You!

My philosophy on writing has always been, and continues to be, that I’d prefer to write one or two powerful and incisive posts per day, rather than five or six watered down articles. As such, I feel my current capacity for daily content is more or less maxed out. This leaves me with a great deal of topics left unaddressed, partly due to personal time constraints, but also because I lack the expertise and interest to cover certain subjects. Enter Contributors.

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Do You Receive Free Lunch at Work? The IRS Wants to Tax it…

Screen Shot 2014-09-04 at 3.37.44 PMThe IRS. There are few agencies more hated, corrupt, and degraded in the entire nation, and that’s saying a lot.

Unless you have been living under a rock for the past couple of years, you are well aware of the fact that the IRS was caught consistently abusing its extraordinary power in order to selectively target groups with which leadership disagreed with politically.

We also know that the IRS, and its former director of the Exempt Organizations Unit, Lois Lerner, subsequently destroyed evidence of misconduct by claiming emails had been lost and are unrecoverable, in a ludicrous series of purported events.

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Statists Declare War on Free Speech – College Students Banned from Handing Out Constitutions in Hawaii

There appears to be a growing war against free speech on college campuses across America, and it is a battle we as a society and culture simply cannot lose. If you recall, last fall I highlighted a case in which a student at Modesto Junior College in California was prevented from handing out Constitutions to fellow students on Constitution Day. I suggest you go back and take a read and watch the very troubling video: California Student Banned from Handing Out Constitutions on Campus.

Well it appears that the Constitution is also considered contraband in the state of Hawaii. According to the Daily Caller:

Students Merritt Burch and Anthony Vizzone, members of the Young Americans for Liberty chapter at UH-Hilo, were prevented from handing out copies of the Constitution at a recruitment event in January. A week later, they were again informed by a censorship-minded administrator that their First Amendment-protected activities were in violation of school policy.

Young Americans for Liberty is a great organization by the way.

The students were told that they could only distribute literature from within UH-Hilo’s “free speech zone,” a small, muddy, frequently-flooded area on the edge of campus.

Administrators further clarified their level of respect for students’ free speech rights, making comments like, “This isn’t really the ’60s anymore,” and “people can’t really protest like that anymore,” according to the Foundation for Individual Rights in Education.

Administrators also maintained that university policy took precedent over Constitutional rights, according to the complaint.

“It’s not about your rights in this case, it’s about the University policy that you can’t approach people,” said Ellen Kusano, director of Student Affairs, according to the complaint.

While the above is absolutely ridiculous, and more representative of a totalitarian state than anything remotely resembling freedom, there is some good news. The same law firm that sued on behalf of the Modesto student I mentioned earlier (who won a $50,000 settlement), is suing on behalf of the University of Hawaii student.

Fox News reports that:

Two students at the University of Hawaii at Hilo are suing the school over alleged First Amendment violations after they were told by a campus official that they couldn’t approach fellow students to hand out copies of the Constitution.

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Top Obama Advisor Travels to Hollywood to Encourage “Obamacare” Mentions in Movie Scripts and TV Shows

Just when you thought the Truman Show that is the U.S. these days couldn’t get any more ridiculous, a headline like this comes along to shock you back into dazed incredulity.

Hollywood shenanigans aren’t a focus of this website, but I have covered them previously. The most recent example was almost exactly a year ago with my post: How Hollywood Became “Propagandist in Chief” by John Pilger.

Now from the Weekly Standard:

A top of advisor to President Barack Obama is in Los Angeles to try to get Obamacare written into scripts of TV shows and movies. Valerie Jarrett explained in an appearance on Top That! on PopSugar.com:

“That’s the cool thing,” a host said to the presidential advisor. “You’ve been reaching out to people that are, you know, outside of the norm of what the president might work with. Who else are you working with? Like celebrities, personalities, things like that?”

“You name it,” said Jarrett. “That’s part of why I’m in L.A. I’m meeting with writers of various TV shows and movies to try to get it into the scripts.” When Jarrett says “it into the scripts,” she’s referring to getting references to Obamacare, the president’s signature legislation, into the scripts of TV shows and movies.

This is what America has devolved into. Now watch the clip itself.

Full article here.

In Liberty,
Michael Krieger

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U.S. Senator Wants to Ban Bitcoin – To be Followed by Book Burnings and Witch Hunts

Before the U.S. gets too far behind the curve on this important topic, I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans.

– Senator Joe Manchin, in his letter calling for a ban on Bitcoin

Whenever you hear a politician say he or she wants to do something to “protect hard-working Americans,” you know this person is so full of shit that whatever proposal being peddled should be treated with extreme skepticism. It’s incredible to me that this sort of infantile and transparently superficial language actually still works on people, but apparently it does.

Seemingly frustrated that the cessation of actives at Mt. Gox hasn’t destroyed Bitcoin, Senator Joe Manchin III is taking matters into his own hands. You know, for your own good. His solution is to “ban” Bitcoin, and he outlined his rationale (if we can call it that) in a fear ridden, garbled letter to a diverse group of power players in D.C., which include Treasury Secretary Jack Lew and Federal Reserve Chairwoman Janet Yellen.

Let’s examine some of the low points in this incredibly desperate and pathetic letter. Mr. Manchin III writes:

By way of background, Bitcoin is a crypto-currency that has gained notoriety in recent months due to its rising exchange value and relation to illegal transactions.  

Um, no not really. It has gained notoriety recently for being accepted at major retailers such as Overstock.com and the fact that its largest exchange has collapsed.

Lie number 1.

Secondly, no currency is more utilized for money laundering than the U.S. dollar and our banking system that actively supports it. If the government was really so concerned about such behavior why did HSBC get off the hook for laundering billions on behalf of Mexican drug cartels with a mere slap on the wrist?

Lie number 2.

That is why more than a handful of countries, and their banking systems, have cautioned against the use of Bitcoin.  Indeed, it has been banned in two different countries—Thailand and China—and South Korea stated that it will not recognize Bitcoin as a legitimate currency.  

Since when are we taking cues from Thailand (a country where you get thrown in jail for insulting the king), or China, a country that censors huge swaths of the internet?

Plus China didn’t ban Bitcoin, and South Korea was making significant BTC investments last I checked.

Lie number 3.

I am most concerned that as Bitcoin is inevitably banned in other countries, Americans will be left holding the bag on a valueless currency.

Well many Americans, including people I know, have likely lost significant BTC at Mt. Gox. Not a single one is calling for a ban on Bitcoin. So perhaps we should listen to the individuals actually affected, rather than some self-righteous political hack.

Lie number 4.

Look we all know what is actually happening here. You are doing your best to protect the parasitic legacy financial system that has done more harm to the U.S. economy than Bitcoin ever could. You are just the latest in a long list of historical opportunists looking to scapegoat ideas that don’t fit into a corrupt status quo you depend on.

Advocating the ban of revolutionary technology is no different from Nazis burning books. We all know what happens next.

His full letter can be found here.

In Liberty,
Michael Krieger

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