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Think about the control.....
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Think about the control..... - 05-03-2015, 07:44 PM

  
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05-04-2015, 05:01 AM

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Originally Posted by jimmyg View Post
But without such a democratic/republic system, there'd be chaos. Total chaos. Feel the fear.

Gangs would be coming down your street intent on stealing your.....oh wait, you ain't got nuttin' to steal anymore....the biggest gang has it all now.

Nevermind.

Jeff Livingston
  
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Just Like a Banana Republic....
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Just Like a Banana Republic.... - 05-06-2015, 05:47 PM

Ultra-Secrecy Surrounds Barack Obama's New Global Economic Treaty

Submitted by Tyler Durden on 05/06/2015 - 20:00



"If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door. If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving. And no matter what, you can’t discuss the details of what you’ve read."
  
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05-07-2015, 06:07 AM

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Originally Posted by jimmyg View Post
Ultra-Secrecy Surrounds Barack Obama's New Global Economic Treaty

Submitted by Tyler Durden on 05/06/2015 - 20:00



"If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door. If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving. And no matter what, you can’t discuss the details of what you’ve read."
Of the people, by the people, for the people.

Or not....you decide.

Jeff Livingston
  
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05-07-2015, 06:17 AM

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Originally Posted by jimmyg View Post
Ultra-Secrecy Surrounds Barack Obama's New Global Economic Treaty

Submitted by Tyler Durden on 05/06/2015 - 20:00



"If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door. If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving. And no matter what, you can’t discuss the details of what you’ve read."

Quote:
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Of the people, by the people, for the people.

Or not....you decide.

Jeff Livingston
“Having seen what I’ve seen, I would characterize this as a gross abrogation of American sovereignty. And I would further characterize it as a punch in the face to the middle class of America. I think that’s fair to say from what I’ve seen so far. But I’m not allowed to tell you why!”

“It’s all about tying the hands of democratically elected governments, and shunting authority over to the non-elected for the benefit of multinational corporations. It’s an assault on democratic government.”


Alan Grayson – On the Trans-Pacific Partnership legislation
  
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05-07-2015, 06:23 AM

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Originally Posted by jimmyg View Post
“Having seen what I’ve seen, I would characterize this as a gross abrogation of American sovereignty. And I would further characterize it as a punch in the face to the middle class of America. I think that’s fair to say from what I’ve seen so far. But I’m not allowed to tell you why!”

“It’s all about tying the hands of democratically elected governments, and shunting authority over to the non-elected for the benefit of multinational corporations. It’s an assault on democratic government.”


Alan Grayson – On the Trans-Pacific Partnership legislation
And how about a punch in the face of those who fought overseas thinking they were fighting for their country but now find they were fighting for their govt instead? Instead.

Instead.


Jeff Livingston
  
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05-07-2015, 06:29 AM

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And how about a punch in the face of those who fought overseas thinking they were fighting for their country but now find they were fighting for their govt instead? Instead.

Instead.

Jeff Livingston
  
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Oh, the irony, corruption, and hypocrisy
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Oh, the irony, corruption, and hypocrisy - 05-10-2015, 08:00 AM

Congress Tells Court That Congress Can’t Be Investigated for Insider Trading

May 8th, 2015

Via: First Look:

In a little-noticed brief filed last summer, lawyers for the House of Representatives claimed that an SEC investigation of congressional insider trading should be blocked on principle, because lawmakers and their staff are constitutionally protected from such inquiries given the nature of their work.


The legal team led by Kerry W. Kircher, who was appointed House General Counsel by Speaker John Boehner in 2011, claimed that the insider trading probe violated the separation of powers between the legislative and executive branch.

In 2012, members of Congress patted themselves on the back for passing the STOCK Act, a bill meant to curb insider trading for lawmakers and their staff. “We all know that Washington is broken and today members of both parties took a big step forward to fix it,” said Rep. Bill Johnson, R-Ohio, upon passage of the law.

But as the Securities and Exchange Commission made news with the first major investigation of political insider trading, Congress moved to block the inquiry.
  
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05-10-2015, 08:06 AM

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But as the Securities and Exchange Commission made news with the first major investigation of political insider trading, Congress moved to block the inquiry.
Monopolies don't work very well.

Jeff Livingston
  
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The "Masters" have spoken....
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The "Masters" have spoken.... - 05-11-2015, 08:40 AM

7 Days Before Holder's "90 Day Ultimatum" Expires, DOJ Declines To Prosecute Citigroup

Submitted by Tyler Durden on 05/11/2015 - 10:18



CITIGROUP SAYS DOJ DECLINED TO PROSECUTE ON LIBOR RIGGING
  
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05-21-2015, 04:11 PM

"Above The Law" Fed Subpoena'd By Hensarling Over 2012 Leak "To The Priveleged Few"

Submitted by Tyler Durden on 05/21/2015 - 17:11

“It is unacceptable, illegal and corrupt for anyone at the Fed to deliver inside information that could provide a financial advantage to the privileged few and lead to the manipulation of financial markets”: Rep. Jeb Hensarling (R., Texas), Chairman of the House Financial Services Committee
  
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05-22-2015, 05:01 PM

The consequence of policies that exacerbate injustice, inequality and double-bind demands is a madness that will find a social and economic outlet somewhere, sometime.

Charles Hugh Smith
  
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05-23-2015, 09:34 AM

Quote:
Greek hospitals have run out of supplies such as painkillers, scissors and sheets as swingeing budget cuts have left the health service unable to provide even basic provisions for operations and medical procedures.

Huge cuts to the healthcare budget, amid the economic turmoil which made millions unemployed, have left than 2.5m Greeks uninsured, up from 500,000 in 2008,

http://www.independent.co.uk/news/wo...-10271819.html


Civil liberty cannot be separated from economic liberty, as both are one and the same, as this story points out.


There are no 2 "sides" of freedom; it has naturally existed in whole long before govts started taking it away by force and fraud. fyi


Jeff Livingston
  
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05-26-2015, 06:48 AM


Last edited by jimmyg; 05-26-2015 at 06:55 AM.
  
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Like Rome, the system has become totally corrupt...
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Like Rome, the system has become totally corrupt... - 05-28-2015, 07:49 PM

Corruption: That's What Government Was Designed For


Submitted by Tyler Durden on 05/28/2015 17:30 -0400

Submitted by Bill Bonner via Bonner & Partners,

Why I’m Looking Forward to the Next Big Crash

Our beef with our own generation is not that it failed, but that it succeeded too well. It took control of government and used it like an ape uses a rock – to crack open a nut. But we’ll come back to that in a minute…


Yesterday, a London-based magazine and a TV station interviewed us. Both asked if we were “pessimistic.” “Of course not,” we replied. “We expect today’s financial system to fall apart in a terrible crash and depression. But we’re looking forward to it.” This was not exactly the answer they were looking for… And there’s not enough time in an interview to explain why this view makes any sense at all. The audience must have thought we had lost our mind.

We also had a meeting with our old friend and editor of the Gloom, Boom & Doom Report Marc Faber yesterday. He helped make sense of our “pessimism.”

“The system is corrupt,” he said. “The government. The banks. The central banks. Big business.”


People always use their wealth and power to try to protect themselves. Sometimes they use it to take wealth and power away from others, too. That’s corruption. Of course, that’s what government was designed for: to allow one group to rob another. If the elite could take no advantage from it, why would they bother with government at all?

Dirty Work

We baby boomers took over in the 1980s. We have been in charge ever since. Since then, we’ve corrupted the economy, the markets, and government. By the 1970s, some of the dirty work was already done: The Nixon administration had ditched honest money. Now, the coast was clear. We could use this new credit-based money to pervert the whole shebang.

The U.S. government used to be limited. That was the point of the Constitution – to restrict the feds’ power
. Much of the restraint was financial. States were forbidden from making anything but gold and silver legal “tender.” But there was restraint when it came to foreign wars, too. Congress was supposed to bear the sole power not only to put troops in the field, but also to raise the money to pay for them.

Today, the Constitution is in a musty drawer somewhere; not even the Supreme Court justices can find it.
The new money, along with a sans souci attitude toward debt, changed everything. Now, the feds can get away with anything – including murder – if they put the right spin on it.

Pretend to be fighting terrorists, drugs, cancer, racism, global warming, lack of consumer demand, or tobacco use and nobody asks questions.


Capitalism No More


The Reagan administration talked about balanced budgets and fiscal conservatism. But within months of arriving in Washington, the Republican Party rolled over. Since then, it’s scarcely ever met a zombie it didn’t like – especially if he had a gun in his hand. Wars overseas. Wars at home. Every fight cost money and every one was a loser. But not for everyone…

And now capitalism is no more – not in the 50 states at least. Now we have cronyism, in which businesses angle for favors from the feds.


Why the switch? It is more profitable.


Another old friend, Strategic Investment editor Jim Davidson, described the payoff:

The Sunlight Foundation reports on research it undertook between 2007 and 2012, tracking 200 of America’s most politically active corporations:

“After examining 14 million records, including data on campaign contributions, lobbying expenditures, federal budget allocations and spending, we found that, on average, for every dollar spent on influencing politics, the nation’s most politically active corporations received $760 from the government. The $4.4 trillion total represents two-thirds of the $6.5 trillion that individual taxpayers paid into the federal treasury.”


“That translates to a 75,900% rate of return,” says Jim.


Real capitalism means taking real risks… working hard… getting lucky… and discovering the future. Cronyism is safer and surer. It favors old, established businesses, the ones that can afford expensive lobbyists.


It doesn’t lead to wealth creation or progress, but it is easier for politicians and central planners to work with. They know where the money is! And they can plan for the past; it’s the future they have trouble with.

But wait… We came to praise our fellow boomers, not to bury them in scorn. Have we nothing nice to say about our own generation?
  
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