Michael Krieger

My name is Michael Krieger, and I am the creator and editor of Liberty Blitzkrieg. I'm originally from New York City.

As far as my academic and professional background, I attended college at Duke University where I earned a double major in Economics and Spanish. After completing my studies in 2000, I took a job at Lehman Brothers where I worked with the Oil analyst in the Equity Research Department.  In 2005, I joined Sanford C. Bernstein where I served as the Commodities Analyst on the trading floor. About halfway through my time there, I started to branch out and write opinions on bigger picture "macro" topics that no one else at the firm was covering. These opinion pieces were extremely popular throughout the global investment community, and I traveled around providing advice to some of the largest mutual funds, pension funds and hedge funds in the world.

I loved my job, but as time passed I started to educate myself about how the monetary and financial system functions and what I discovered disgusted me. I no longer felt satisfied working within the industry, and I resigned in January 2010.  At that point, I started a family investment office and continued to write macro pieces on economic, social and geopolitical topics. That summer, I drove cross country for six weeks and ultimately decided to leave the crowded streets of Manhattan for the open spaces of Boulder, Colorado, where I currently reside.

In the years that followed, I gradually recognized that my true passion centers upon writing on issues of significant societal importance given the extremely challenging times we live in. This realization culminated with me losing interest in financial markets and eventually launching this website in early 2012.

If you are interested in a more detailed description, replete with colorful anecdotes, of how I ended up making this bizarre professional transition, take the time to watch the video below.

https//www.youtube-nocookie.com/embed/DcqMN-FXCIE?rel=0

In Liberty,
Michael Krieger

Meet the Big Banks’ Latest Slave Product: “Payroll Debit Cards”

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I firmly believe that the biggest domestic policy error over the past generation has been the no-strings-attached bail out of the mega banks in these United States, and their subsequent designation as “too big to fail” and “too big to jail.”  This has given the sociopaths that run these crony organizations a license to steal, and they are doing a great job of it.

So in the latest bank theft product, employers of low income workers are being persuaded to pay their employees via “prepaid payroll cards.”  Not only are these cards typically associated with high fees, but they also discourage employees from using credit unions for their banking needs.

While companies try to defend themselves by saying they are providing a cheaper method for employees that do not have bank accounts to gain access to their funds, in many cases using these “prepaid cards” isn’t simply an option, but a requirement.  Oh, and take a guess why the mega banks are pushing into this line of business?  Prepaid cards are essentially exempt from financial regulation.  Serfs up boy and girls.  From the New York Times:

A growing number of American workers are confronting a frustrating predicament on payday: to get their wages, they must first pay a fee.

For these largely hourly workers, paper paychecks and even direct deposit have been replaced by prepaid cards issued by their employers.

These fees can take such a big bite out of paychecks that some employees end up making less than the minimum wage once the charges are taken into account, according to interviews with consumer lawyers, employees, and state and federal regulators.

Devonte Yates, 21, who earns $7.25 an hour working a drive-through station at a McDonald’s in Milwaukee, says he spends $40 to $50 a month on fees associated with his JPMorgan Chase payroll card.

Anyone surprised that “the morgue” is at the center of this?

“It’s pretty bad,” he said. “There’s a fee for literally everything you do.”

Many employees say they have no choice but to use the cards: some companies no longer offer common payroll options like ordinary checks or direct deposit.

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Good News! Jeff Olson Found Not Guilty for Using Chalk on Sidewalk

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In a bit of good news, San Diego man Jeff Olson has been acquitted by a jury of his peers for the heinous transgression of using water soluble chalk to write anti-bank messages on a public sidewalk in a case I highlighted last week. While this is a favorable outcome, the simple fact that Bank of … Read more

Why the Collection of Metadata is a Very, Very Big Deal

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Some people seemed strangely relieved in the wake of the NSA spying scandal when Obama said “no one is listening to your phone calls.” First of all, while they are clearly not listening to everyone’s phone calls, they certainly are listening to certain people’s calls and that isn’t acceptable in a free society.  Second of all, it’s pretty obvious that the one reason they aren’t listening to everyone’s calls is because it wouldn’t be practical or effective.  As Matt Blaze notes in this great article from Wired, the government isn’t primarily tracking metadata rather than content in an attempt to protect privacy, but rather because metadata is the most efficient and effective way in which to spy on and preempt domestic political dissent.  From Wired:

We now know that every day, U.S. phone companies quietly send the government a list of who called whom and when — “telephony metadata” — for every call made on their networks, because of a secret order by the Foreign Intelligence Surveillance Court. It turns out that this has been going on for seven years (and was even reported by USA Today then); the difference now is that the government — uncharacteristically for such a secret intelligence operation — quickly acknowledged the authenticity of the leaked order and the existence of the metadata collection program.

Should we be worried? At least “nobody is listening to our telephone calls” (so the president himself assured us). People breathed a sigh of relief since first learning of the surveillance because surely there’s nothing to worry about when it comes to such seemingly innocuous information — it’s just metadata, after all. Phew!

With today’s communications technology, is metadata really less revealing than content? Especially when we’re dealing with metadata at the scale that we now know the NSA and FBI are receiving?

Because at such a scale, people’s intuition about the relative invasiveness of content and metadata starts to fail them. Phone records can actually be more revealing than content when someone has as many records and as complete a set of them as the NSA does.

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Barrett Brown’s Letter from Jail

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Barrett Brown is an American political prisoner who’s struggle I have highlighted in the past. Most notably in my article earlier this year, Barrett Brown: A Jailed American Dissident.  It was through Barrett’s investigative journalism that I was able to learn about the shadiness of Booz Allen Hamilton and the defense contract industry generally well before Edward Snowden’s leaks came on the scene. Well now he has written a note from prison, published by The Guardian of course.  Some excerpts:

It’s a fine thing to see mainstream American media outlets finally sparing some of their attention toward the cyber-industrial complex – that unprecedented conglomeration of state, military and corporate interests that together exercise growing power over the flow of information. It would be even more heartening if so many of the nation’s most influential voices, from senator to pundits, were not clearly intent on killing off even this belated scrutiny into the invisible empire that so thoroughly scrutinizes us – at our own expense and to unknown ends.

Besides, the government to which we’re ceding these broad new powers is a democracy, overseen by real, live Americans. And it’s hard to imagine American government officials abusing their powers – or at least, it would be, had such officials not already abused similar but more limited powers through repeated campaigns of disinformation, intimidation and airtight crimes directed at the American public over the last five decades. Cointelpro, Operation Mockingbird, Ultra and Chaos are among the now-acknowledged CIA, FBI and NSA programs by which those agencies managed to subvert American democracy with impunity. Supporters of mass surveillance conducted under the very same agencies have yet to address how such abuses can be insured against in the context of powers far greater than anything J Edgar Hoover could command.

Many have never heard of these programs; the sort of people who trust states with secret authority tend not to know what such things have led to in the recent past. Those who do know of such things may perhaps contend that these practices would never be repeated today. But it was just two years ago that the late Michael Hastings revealed that US army officials in Afghanistan were conducting psy-ops against visiting US senators in order to sway them towards continued funding for that unsuccessful war. If military and intelligence officials have so little respect for the civilian leadership, one can guess how they feel about mere civilians.

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Liberty Mastermind Conference: The Day After

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While I was hopeful going into the conference, I am happy to say that the event itself exceed my most optimistic expectations.  At the end of the day, a conference like this depends on the people involved and not only was it inspiring and engaging to listen to and meet all of the incredible speakers, … Read more

Texas Teen Faces 8 Years in Jail for an Insensitive Joke on Facebook

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A very disturbing pattern is becoming evident all across the nation.  For a country that has 5% of the world’s population yet 25% of the entire planet’s prisoners, we sure do seem to eager to bump that figure up even higher. My guess is the trend has a lot to do with the private prison system in the country, which means higher levels of incarceration equals higher profits.  I think it also has to do with a troubling move toward criminalizing speech and an attack on the First Amendment generally.  This particular case occurred in Austin, Texas and nineteen year old Justin Carter now faces eight years in jail for an insensitive joke on Facebook. Thanks to the site Texas Prison Bid’ness, we can gain some perspective on the private prison industry in the Lone Star State:

Screen Shot 2013-06-28 at 2.54.57 PM

Now, here’s the story from KHOU in Houston:

Justin Carter was 18 back in February when an online video game “League of Legends” took an ugly turn on Facebook. 

Jack Carter says his son Justin and a friend got into an argument with someone on Facebook about the game and the teenager wrote a comment he now regrets. 

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Jeb Bush to Present the “Liberty Medal” to Hillary Clinton

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Yes folks this is really happening.  Don’t you just love how these crony crooks give awards to each other while the vast majority of the population can’t stand the sight of them?  So not only is Jeb Bush set to present the 2013 “Liberty Metal” to Hilary Clinton, but apparently Jeb Bush is also Chairman … Read more

Dubai Gold Demand Off the Charts as Price Plunges

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Only in the gold market does huge demand equal a price collapse!  I suppose the problem is they don’t buy Comex contracts in Dubai and India.  As I mentioned on Twitter earlier today, the pile-on from gold bears is reaching extreme proportions, something like you’d expect near a bottom.  I bought physical silver today for … Read more

Released Documents Detail the C.I.A. Role While Embedded in the NYPD

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The fact that the C.I.A. was embedded within the NYPD for a decade after 9/11 is not a new story, but what is new are details regarding involvement in domestic surveillance, which the agency is not permitted to engage in. The questions that I want to ask in light of this are: Which other police forces around the nation had or have C.I.A. agents embedded in them and what are their roles? Let’s not forget what Pulitzer Prize winning journalist Carl Bernstein has told us in 1977:

In 1953, Joseph Alsop, then one of America’s leading syndicated columnists, went to the Philippines to cover an election. He did not go because he was asked to do so by his syndicate. He did not go because he was asked to do so by the newspapers that printed his column. He went at the request of the CIA.

Alsop is one of more than 400 American journalists who in the past twenty‑five years have secretly carried out assignments for the Central Intelligence Agency, according to documents on file at CIA headquarters.

The history of the CIA’s involvement with the American press continues to be shrouded by an official policy of obfuscation and deception.

We should all feel extremely uncomfortable that this agency was embedded within a domestic police force given it’s history.

Now, from the New York Times:

WASHINGTON — Four Central Intelligence Agency officers were embedded with the New York Police Department in the decade after Sept. 11, 2001, including one official who helped conduct surveillance operations in the United States, according to a newly disclosed C.I.A. inspector general’s report.

That officer believed there were “no limitations” on his activities, the report said, because he was on an unpaid leave of absence, and thus exempt from the prohibition against domestic spying by members of the C.I.A.

Another embedded C.I.A. analyst — who was on its payroll — said he was given “unfiltered” police reports that included information unrelated to foreign intelligence, the C.I.A. report said.

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More Proof Emerges that “Meet the Press” is Pure Propaganda

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This brief article by Lee Fang in The Nation is extremely valuable.  While I wrote a lengthy piece on the outlandish hypocrisy laden in government lapdog David Gregory’s criticism of Glenn Greenwald, Mr. Fang exposes another manner in which the corporatist-state media fools the public. They do so by having guests on with vested financial interests making false proclamations, while all the while failing to disclose who they really are and who pays their bills.  We learn that:

On Meet the Press yesterday, shortly after host host David Gregory stunned many by suggesting that The Guardian’s Glenn Greenwald should face prosecution, a roundtable of pundits discussed the unfolding Edward Snowden story. Mike Murphy, one of the Meet the Press pundits, mocked Snowden’s attempt to seek asylum, calling him a “so-called whistleblower,” and charging that “it’s never been easier in human history to be a whistleblower” through official means.

There are problems here with both the messenger and the message.

First, the message. In fact, the Obama administration has one of the worst records of any president’s in terms of prosecuting leaks and whistleblowers. Moreover, Snowden had virtually no legal protections as a member of an intelligence agency contractor (Booz Allen Hamilton).

But Murphy himself has a stake in this debate that arguably ought to have been disclosed. Though Murphy was introduced only as a “Republican strategist,” he is also the founding partner of Navigators Global, a lobbying firm that represents one of the NSA’s largest contractors. Disclosures show that Navigators Global represents Computer Sciences Corp. (CSC) on issues before Congress.

Recall I covered CSC and others in my recent article:  Meet the Contractors: America’s “Digital Blackwater”

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