Picture of the Day: U.S. Spy Rocket’s Official Logo is of a Giant Octopus Wrapped Around the Earth

This is unbelievable. I mean at this point these jerks are simply rubbing it in our faces. From Forbes: The Office of National Intelligence was very excited about sending a rocket into space Thursday with a bunch of new satellites and live tweeted its launch. This would usually be a cute display of social media, along the … Read more

How The Washington Post and The New Yorker Refused to Publish an Article on Obama Admin Syria Lies

Seymour Hersh is not some guy off the street with a laptop and a head full of crazy ideas. The pulitzer prize winning journalist broke the My Lai Massacre story during the Vietnam War and also led reporting on the Abu Ghraib scandal in 2004. Well his most recent investigative reporting involves covering some of the blatant lies told by the Obama Administration earlier this year in an attempt to push the nation into a war in Syria on behalf of al-Qaeda, based on some very shaky evidence that Bashar al-Assad used chemical weapons. Bizarrely enough, the publication with which Mr. Hersh is most associated, The New Yorker, refused to publish it. So did The Washington Post.

I don’t know about you, but this sure stinks of self-censopship to me. In particular, I think the Washington Post is playing defense following its reporting of the Edward Snowden leaks, and is afraid to further piss off the crony Obama Administration. It also seems likely The Post didn’t want to publish an article that would have showcased the paper’s own sloppy and irresponsible reporting on the matter. Which if true, is beyond pathetic.

From the Huffington Post:

NEW YORK — Pulitzer Prize-winning journalist Seymour Hersh accused the Obama administration Sunday of having “cherry-picked intelligence” regarding the Aug. 21 chemical attack in Syria that served as evidence for an argument in favor of striking President Bashar Assad’s government.

In his piece — titled “Whose Sarin?” — Hersh reported that al-Nusra, a jihadi group fighting in Syria’s long-running civil war, had also “mastered the mechanics of creating sarin and was capable of manufacturing it in quantity.” Therefore, he wrote, “Obama did not tell the whole story” when stating with certainty that Assad had to be responsible, crossing a so-called “red line” that would trigger U.S. retaliation.

You don’t say…

Hersh is a freelancer, but he’s best known these days for his work in The New Yorker, where he helped break the Abu Ghraib scandal in 2004. While Hersh is not a New Yorker staff writer, it was notable that his 5,500-word investigative piece landed in the London Review of Books, a London literary and intellectual magazine, rather than the publication with which he’s most closely associated.

In an email, Hersh wrote that “there was little interest” for the story at The New Yorker.

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Luxury Home Foreclosures Soar – Up 61% Versus Last Year

I’ve always wondered what would happen once private equity players decided enough was enough and foreign oligarchs finished their real estate money laundering transactions. Well, we might be about to find out.

According to RealtyTrac, foreclosures for homes worth $5 million or more are up 61% this year despite the fact that overall foreclosures are down 23%. The question is, does this merely represent holdouts from the prior housing bubble, or is it a sign of things to come? Only time will tell. From CBS:

Foreclosures in the ultra-high-end housing market — homes worth $5 million or more — have skyrocketed 61 percent over last year.

That growth bucks the trend: Overall foreclosures are down 23 percent, according to a new report from Irvine, Calif.-based real estate information site RealtyTrac.

Until lately, that is. “Recently, we’ve been hearing from agents that they’re starting to see the high-end properties go to foreclosure and there turned out to be some data to support this notion that high-end holdouts are finally moving through the foreclosure process,” he said.

It may be a sign that lenders are now financially stable enough to start moving on ultra-high-end delinquencies and take the substantial losses these multi-million dollar homes represent.

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U.S. Military Changes Drone Rules to Make Targeting of Civilians Easier

The drone issue is just another topic in which President Barrack Obama has proven himself to be a world-class liar and master of deception. Despite his claims that drone strikes do little damage to civilian populations, in July we discovered that “of the 746 people killed in drone strikes in Pakistan from 2006-2009, an incredible … Read more

In California, A Tesla Has Now Been Bought with Bitcoin

I’ve been waiting for this headline. It was just a matter of time before the exchange of BTC for a Tesla happened. The purchase took place at  Lamborghini Newport Beach in California, and this isn’t just a one time gimmick. The dealership has announced that: Lamborghini Newport Beach in California is proud to announce that we … Read more

The Spanish Government is Preparing Another Bailout of Billionaire Oligarchs

Over the weekend, I covered the extraordinarily disturbing new law that just passed in Spain which essentially criminalizes protests and allows for up to 30,000 euro fines for simply wearing a mask. It’s all starting to make sense now, as the country’s Prime Minister Mariano Rajoy prepares a new oligarch bailout, this time of the country’s highway operators who of course must be saved at all costs. They know the protests are coming and they want to be able to deal with uppity peasants when they feel the need to get out into the streets. Truly despicable. From Bloomberg:

Spanish taxpayers have bailed out banks and power companies. Next up are highway operators and their billionaire owners.

Prime Minister Mariano Rajoy’s government is considering a 5 billion-euro ($6.7 billion) plan to take over and guarantee the debt of about 364 miles (585 kilometers) of roads, according to two people familiar with the matter who declined to comment because no final decisions have been made.

“This is another repeat of ‘too big to fail’,” Jose Garcia Montalvo, an economics professor at Pompeu Fabra University in Barcelona, said in a telephone interview. “You don’t need to worry if something goes wrong, the government will come to the rescue.”

Oligarch rules.

The roads are controlled by some of Spain’s biggest companies, including the Del Pino family’s Ferrovial SA, the Koplowitz family’s Fomento de Construcciones & Contratas SA, Sacyr SA and Actividades de Construccion y Servicios SA, run by Real Madrid Chairman Florentino Perez. They’re entitled to the rescue through a law passed under General Francisco Franco in 1972, which stipulates that when a private highway goes bust, the state has to repay its owners for the cost of the land and the construction.

Well sure, if a former fascist dictator says it’s the right thing to do…

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Food Poverty in the UK Has Reached “Public Health Emergency” Levels

This tragic story emanating from the UK just doesn’t seem to go away. Probably because it’s true. The food crisis across the pond first came to my attention in earnest back in October when the Red Cross announced it was set to provide food aid to the UK for the first time since World War II.

The latest twist to this unacceptable saga comes via a letter send by a group of doctors and senior academics from the Medical Research Council and two leading universities to the British Medical Journal calling it a “public healthy emergency” and accusing the government of covering up the problem by delaying a report on the subject.

More from The Independent:

Hunger in Britain has reached the level of a “public health emergency” and the Government may be covering up the extent to which austerity and welfare cuts are adding to the problem, leading experts have said.

In a letter to the British Medical Journal, a group of doctors and senior academics from the Medical Research Council and two leading universities said that the effect of Government policies on vulnerable people’s ability to afford food needed to be “urgently” monitored.

A surge in the number of people requiring emergency food aid, a decrease in the amount of calories consumed by British families, and a doubling of the number of malnutrition cases seen at English hospitals represent “all the signs of a public health emergency that could go unrecognised until it is too late to take preventative action,” they write.

Despite mounting evidence for a growing food poverty crisis in the UK, ministers maintain there is “no robust evidence” of a link between sweeping welfare reforms and a rise in the use of food banks. However, publication of research into the phenomenon, commissioned by the Government itself, has been delayed, amid speculation that the findings may prove embarrassing for ministers.

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Video of the Day: Greenspan Calls Bitcoin a Bubble

I have to admit I was starting to get a little worried in recent days as certain folks who’s opinions I hold in very low regard started to rethink their prior clearly poorly researched opinions on Bitcoin. Personally, I would prefer small thinkers and professional media trolls to continue to mock and bash Bitcoin at … Read more

Ron Paul Says Bitcoin Could be the “Destroyer of the Dollar”

Personally, I wouldn’t put it that way. The dollar is being destroyed by the Federal Reserve. Bitcoin is merely a preferred conduit through which fed up citizens decide to express their displeasure with the incredibly corrupt corporatist-facist state being shoved down our throats by a handful of insane and greedy oligarchs. Interesting comments nonetheless. From CNN Money:

Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today’s money worth less tomorrow.

The digital currency Bitcoin promises all these things. And while it’s far from achieving any of them — its value is unstable and it’s rarely used — some have high hopes. 

“There will be alternatives to the dollar, and this might be one of them,” said former U.S. congressman Ron Paul. If people start using bitcoins en masse, “it’ll go down in history as the destroyer of the dollar,” Paul added.

It’s unlikely that Bitcoin would replace the dollar or other government-controlled currencies. But it could serve as a kind of universal alternative currency that is accepted everywhere around the globe. Concerned about the dollar’s inflation? Just move your cash to bitcoins and use them to pay your bills instead. Tired of hefty credit card fees? Bitcoin allows transactions that bypass banks.

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Gold Smuggling Increases 7x in India and Surpasses Illegal Drug Trade

The absurd “War on Gold” that India has launched this year has been covered many times on this site. From the moment I read about it, it was obvious that if Indians want their gold, the Indians will have their gold. You can’t break thousands of years of tradition and culture because of the ignorant whims of a few bureaucrats.

Earlier today, Reuters published an article detailing the extent to which Indian smugglers will go in order to bring the money of kings into the country. This includes hiding it in underwear, swallowing it whole and even painting gold staples gray. What is most disturbing is the lengths authorities are willing to go to in order to stop a supposedly free people from buying a brick of metal. From Reuters:

(Reuters) – Indian gold smugglers are adopting the methods of drug couriers to sidestep a government crackdown on imports of the precious metal, stashing gold in imported vehicles and even using mules who swallow nuggets to try to get them past airport security.

Stung by rules imposed this year to cut a high trade deficit and a record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country.

Sri Lanka, Thailand and Singapore are the latest hotspots as authorities crack down on travelers from Dubai, the traditional source of smuggled gold.

Stop one and another will rise. As always.

In a sign of the times, whistleblowers who help bust illegal gold shipments can get a bigger reward in India than those who help catch cocaine and heroin smugglers.

Because that makes a so much sense.

“There has been a several-fold increase in gold smuggling this year after restrictions from the government, which has left narcotics behind.” 

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