Another Settlement – JP Morgan Receives Slap on the Wrist Despite Years of Fraudulent CFTC Data

Screen Shot 2014-08-04 at 10.33.30 AMThe Commodities Futures Trading Commission (CFTC) has been long viewed as one of the most corrupt of American institutions – and that’s saying a lot. Putting aside all the accusations with regard to silver manipulation in recent years, the most stunning controversy occurred back in 2010 when a retiring judge accused the other remaining judge of being a total bought and paid for Wall Street crony.

The retiring judge was George Painter, who accused fellow judge Bruce Levine of not once ever ruling in favor of an investor in his 20 years on the bench. Not only that, but he claimed this was the result of a promise Levine made to Wendy Gramm, the former head of the CFTC and the wife of Phil Gramm. Phil Gramm was the Congressman who spearheaded the repeal of Glass-Steagall in 1999, which is seen by many (including myself) as one of the most catastrophic pieces of legislation in American history since it laid the groundwork for the financial crisis of 2008, as well as the continued cancerous permanence and power of TBTF banks. FiredogLake covered the CFTC controversy in 2010:

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Saudi Man Receives 3 Year Prison Sentence and 450 Lashes for Being Gay

Screen Shot 2014-07-31 at 1.14.41 PMSaudi Arabia and its Medieval, inhumane monarchy has been a highlighted topic on Liberty Blitzkrieg for well over a year now. My government’s close alliance with this autocratic, homophobic and primitive fiefdom exposes the sham that is U.S. foreign policy more clearly than anything else. In exposing this authoritarian regime for what it really is, I hope that the American public will never again fall for war under the guise of false “humanitarian” purposes. There is nothing whatsoever humanitarian about U.S. foreign policy.

From the UK Independent:

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The “Nanny States of America” – Mother Arrested for Allowing 7-Year-Old Son Walk to Park Alone

Screen Shot 2014-07-30 at 3.15.05 PMI remember all throughout my childhood hearing tales of how my father and his friends would run around for countless hours playing all over his Sheepshead Bay, Brooklyn neighborhood. He and his friends were quite young and completely unaccompanied. His mother was busy at home, and he cherished those moments in between school and dinnertime. In fact, the many stories he told my brother and I always came with a nostalgic smile related to the memories of those fleeting, precious moments of “dangerous freedom.”

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“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984

Screen Shot 2014-07-30 at 11.16.01 AMLike so many other things in popular American culture, this quaint notion of a “middle class” in the U.S. is at this point nothing more than a myth; a rapidly fading fantasy from a bygone era. As myself and many others have noted for quite some time, the decimation of the middle class began long ago. It really got started in the early 1970’s after Nixon defaulted on the gold standard and financialization began to take over the American economy. Median real wages haven’t increased since that time and the rest is history.

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Silicon Valley Artist Strikes at the Heart of Obama’s Oligarch Infatuation – “A Feast in Time of Plague”

Screen Shot 2014-07-29 at 1.57.24 PMLast week, I highlighted a series of billboards and painted benches that sprung up overnight in Hollywood as Obama prepared to host a $32,000 a plate fundraiser at the home of Scandal creator Shonda Rhimes.  Naturally, this was merely stop number one on Obama’s oligarch groveling circus.  The next stop on the crony train is another $32,000 a plate fundraiser. This time with none other than Nancy Pelosi.

Fortunately for us, California’s ever creative street artists were right there waiting for him. This is what they delivered:

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Former Aide to Bill Clinton Speaks – “My Party Has Lost its Soul”

Screen Shot 2014-07-29 at 10.37.26 AMOne reason we know voters will embrace populism is that they already have. It’s what they thought they were getting with Obama. In 2008 Obama said he’d bail out homeowners, not just banks. He vowed to fight for a public option, raise the minimum wage and clean up Washington. He called whistle-blowers heroes and said he’d bar lobbyists from his staff. He was critical of drones and wary of the use of force to advance American interests. He spoke eloquently of the threats posed to individual privacy by a runaway national security state.

He turned out to be something else altogether. To blame Republicans ignores a glaring truth: Obama’s record is worst where they had little or no role to play. It wasn’t Republicans who prosecuted all those whistle-blowers and hired all those lobbyists; who authorized drone strikes or kept the NSA chugging along; who reneged on the public option, the minimum wage and aid to homeowners. It wasn’t even Republicans who turned a blind eye to Wall Street corruption and excessive executive compensation. It was Obama.

A populist revolt among Democrats is unlikely absent their reappraisal of Obama, which itself seems unlikely. Not since Robert Kennedy have Democrats been so personally invested in a public figure. Liberals fell hardest so it’s especially hard for them to admit he’s just not that into them. 

– From Bill Curry’s excellent article in SalonMy party has lost its soul: Bill Clinton, Barack Obama and the victory of Wall Street Democrats.

Bill Curry’s article published this past Sunday by Salon is simply extraordinary. One of the things I’ve felt has been lacking in America for some time is the ability for well-meaning people within the “power structure” to look inward and be honest with themselves about the immoral decay fellow members of their socio-economic class have wrought upon the nation via a singleminded pursuit of wealth and power. A perfect example of an ignorant, destructive oligarch completely devoid of self-awareness was put on full display earlier this year when Sam Zell appeared on Bloomberg TV and essentially said the poor just need to act more like the rich.

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Asset Forfeiture – How Cops Continue to Steal Americans’ Hard Earned Cash with Zero Repercussions

Screen Shot 2014-07-28 at 12.59.05 PMAlmost exactly one year ago today, I published a post which went on to become extremely popular titled: Why You Should Never, Ever Drive Through Tenaha, Texas. If you failed to read it the first time around, I suggest you take look as it provides a good outline of just what is at stake when it comes to this destructive and abusive practice increasingly utilized by police departments across these United States with zero repercussions for the offending officers. In last years article I noted that:

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How the NSA is Actively Helping Saudi Arabia to Crackdown on Dissent

Screen Shot 2014-07-25 at 4.22.12 PMIt is not an exaggeration to say Saudi Arabia is one of the most oppressive, authoritarian regimes on the planet. Despite having been the main foreign instigator pushing for conflict in Syria, as well as its increasingly disturbing ties to the attacks on 9/11, it remains one of the U.S. government’s closest allies.

I’ve covered some of the human rights abuses of the Saudi regime on several occasions due to the fact that it so clearly exposes the total hypocrisy of U.S. foreign policy. The most recent example was the recent sentencing of human rights lawyer and activist Waleed Abu Alkhair to 15 years in prison for “inciting public opinion,” i.e., effectively utilizing free speech. I covered this in detail in the post: Saudi Human Rights Lawyer and Activist Jailed for 15 Years for Free Speech Under New “Anti-Terror” Law.

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ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare

Screen Shot 2014-07-25 at 10.32.34 AMAlthough it hasn’t been a focus for a while, the incompetent disaster that has been the ObamaCare rollout has been well documented on this site. Here are just a few posts on the subject:

The Obama Administration is Forcing Insurance Companies to Keep Quiet About ObamaCare Problems

Woman Touted as Obamacare Success Story is Now Kicked Off Obamacare

Humana Warns of “‘Adverse ObamaCare Enrollment Mix”

Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes

Serfs Up – Average Healthcare Premiums Have Soared 39%-56% Post Obamacare

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The “Insider Threat Program” and the Government’s War on Whistleblowers

Screen Shot 2014-07-24 at 1.23.52 PMThe Obama Administration’s Orwellian government employee snitch network, dubbed the “Insider Threat Program,” first made headlines about a year ago. I found it to be so disturbingly significant I wrote a post about it titled: The 3 Key Takeaways from the Ridiculous “Insider Threat Program.” Those 3 key takeaways were that it…

  1. Creates a horrible and counterproductive work environment where everyone distrusts everyone else.
  2. Solidifies the fact the government is not interested in solving problems, but rather is focused on continuing the cronyism and criminality and merely covering it up.
  3. Exposes how completely hopeless and terminal the status quo is.

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