If there is any market that demonstrates the complete and total misallocation of capital that results from Banana Ben Bernanke’s money printing and artificially low interest rate policy, it the latest phony American housing bubble. With a record numbers of citizens on the food stamp electronic breadline, with unemployment stubbornly high no matter what data you … Read more
The anti-surveillance state movement is gaining traction and following Charlottesville, Virginia becoming the first city to pass anti-drone legislation, the engaged citizenry of Seattle have now succeeded in killing their city’s own drone program earlier this month. On the state level, while legislation has been introduced in several places, it appears Florida is closest to … Read more
It was just a matter of time before the most powerful crony capitalist bank in America decided to join the housing trade. Making money running the food stamp program just wasn’t enough for Your Crony Highness Jaime Dimon and company, it’s time to join his financial oligarch brothers in the bidding war to corner the … Read more
Thanks to a Freedom of Information Act request from the Partnership for Civil Justice Fund (PCJF), we have details for the first time of how government intelligence organizations and the corporate state worked together in secret to battle the Occupy Wall Street movement. The best report I have read on this story comes from the … Read more
“I am convinced that there was a direct line between at least some of the terrorists who carried out the September 11th attacks and the government of Saudi Arabia,” former Senator Bob Graham, Democrat of Florida, said in an affidavit filed as part of a lawsuit brought against the Saudi government and dozens of institutions … Read more
The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation. – Barack Obama in an interview with the Boston Globe on December 20, 2007 If the administration believes that any — any — use … Read more