Critics are assailing the new European Central Bank boss Mario Draghi — an ex-Goldman Sachs chief and a regular attendee at secretive Bilderberg meetings — as he continues to buy up more government bonds with newly created money. But Draghi is merely one important figure in what is being called a wide-ranging banker “coup d’etat” in the European Union, according to analysts.
Draghi took over the ECB from Jean-Claude Trichet on November 1, becoming arguably the most important man in Europe — at least on the surface. He promptly called a press conference and lowered interest rates.
Perhaps more important, however, Draghi also reportedly decreased the central bank’s government bond purchases by almost half during his first week at the helm. The move almost certainly contributed to the soaring yields on Italian debt that forced Prime Minister Silvio Berlusconi to step down early this week.
With Berlusconi out of the way, the new unelected regime of Bilderberg and Trilateral Commission leader Mario Monti seized power in what critics referred to as an undemocratic “coup d‘etat” orchestrated by the European Union and powerful banking interests. Monti is also a key Goldman Sachs figure with a long track record of promoting the EU, more “integration,” and the power of banks inside and outside of government.
Just weeks after the Service Employees International Union (SEIU) professed its support for Occupy Wall Street, the 2.1-million-member organization disclosed an early endorsement of President Obama’s reelection. "We believe in a country that invests in good jobs here at home, where everyone pays their fair share," SEIU President Mary Kay Henry averred in a conference call to reporters. "Do we want leaders who side with the needs of rich corporations and the 1 percent, where they are prospering at the expense of everyone else? Or do we want leaders who will side with the rest of us, the 99 percent?"
In early October, the organization issued a union-wide endorsement of Occupy Wall Street, and championed the movement’s ideology of income inequality and its political rally cry for hiking taxes on America’s wealthy. "The brave students, workers, and unemployed Americans occupying Wall Street have shaken the conscience of our nation," Ms. Henry avowed in an October 4 press release. "The crowds and demonstrations will only get larger and louder as more Americans find the courage inside themselves to stand up and demand Wall Street CEOs and millionaires pay their fair share to create good jobs now."
SEIU officials have employed measures to drive higher turnout numbers to Occupy Wall Street solidarity events throughout the United States and Canada. On October 15, SEIU members and other unions, such as the AFL-CIO, joined an OWS march in Minneapolis to demand that banks end foreclosures, and members have participated in similar OWS protests in Boston, Chicago, Atlanta, Los Angeles, and dozens of other cities across the country.
To celebrate America Recycles Day, the Tellus Institute published a study showing the benefits of increased recycling, by force if necessary. The Tellus Institute’s mission is “to advance the transition to a sustainable, equitable, and humane global civilization,” and has published 3,500 studies, analyses, and reports on everything from energy, water, sustainable communities, corporate social responsibility, and climate change.
One should always be prepared for the worst. Considering that we have a dumbed-down public who votes emotionally rather than rationally, it is quite possible that Barack Obama can win a second term by simply scaring Americans into believing that they will lose their Social Security, their Medicare, their Medicaid, their food stamps, and all other federal goodies, if a Republican is elected president. Those who remember the 1964 presidential election may recall the scare tactics used by the Lyndon Johnson campaign to frighten Americans into thinking that should Republican candidate Barry Goldwater be elected president, it would be the same as "tearing up" their Social Security card. Americans are now so addicted to government entitlements, that the idea of limited government probably frightens them. They actually want unlimited government. The more the better, they think, and by November 2012 most Americans may decide that Obamacare is the greatest thing since sliced bread.
Thomas Sowell, in a recent column, noted that liberal Democrat Franklin Delano Roosevelt won four elections for the presidency (1932, ’36, ’40, and ’44) despite the fact that the economy was in a depression, unemployment was high, and money was tight. The Democrats blamed it all on the Republicans, naming the shanty towns built by the jobless "Hoovervilles." In 1935, they enacted Social Security, which has become the most sacred entitlement in American history, saving millions of the poor from starvation. What kind of a heartless Republican can be against that.
The erosion of our freedoms continues as the Department of Justice is criminalizing activities that it deems may be detrimental to public security. Among those activities are “lying on the Internet” and “uploading videos that break YouTube’s terms of service,” as well as any other action determined to “contravene a website’s usage policy.”
“In a statement obtained by CNET that’s scheduled to be delivered tomorrow, the Justice Department argues that it must be able to prosecute violations of Web sites’ often-ignored, always-unintelligible “terms of service” policies,” writes Declan McCullagh.
The DOJ has expanded its Computer Fraud and Abuse Act (CFAA) to indicate that an agreement with a website’s terms of service would be identical to signing a contract with an employer, and as such, any such violation should provoke the same sort of punishment.
Passed by Congress in 1986, CFAA was originally intended to stop hackers from breaking into computer systems and to address all federal computer-related offenses. The Department of Justice now seeks to greatly expand the use of CFAA to target a number of different “violations.”
Evidence shows that CNBC manipulated its online poll following a debate and that its action is part of CBS policy to ignore certain candidates and prop up others. This has placed CBS and CNBC under harsh scrutiny. However, according to Murray Sabrin — professor of finance in the Anisfield School of Business at Ramapo College in New Jersey, 2008 Republican nominee for the U.S. Senate, and regular writer for LewRockwell.com — the main motivation behind the media’s bias against Ron Paul has been Paul’s harsh criticism of the Federal Reserve.
We probably all agree on the worthlessness of the New York Times. For starters, it publishes propaganda it barely bothers to disguise as news, relentlessly pushing its various agendas from a totalitarian State to sodomy as “marriage.” Its style and conventions are hidebound and stodgy. And despite the worldwide failure of the Big Government it has promoted for decades as well as its own slide into irrelevance and bankruptcy, it remains disgustingly enamored with itself.
According to CBS News, "the number of people in the U.S. living in poverty in 2010 rose for the fourth year in a row, representing the largest number of Americans in poverty in the 52 years since such estimates have been published by the U.S. Census Bureau." MSNBC said, "The U.S. poverty rate remains among the highest in the developed world." Let's look at a few poverty facts.
Heritage Foundation researchers Dr. Robert Rector and Rachel Sheffield laid out some facts about the poor in their report "Understanding Poverty in the United States: Surprising Facts About America's Poor" (9/13/2011). Eighty percent of poor households have air conditioning. Nearly three-fourths have a car or truck, and 31 percent have two or more. Two-thirds have cable or satellite TV. Half have one or more computers. Forty-two percent own their homes. The average poor American has more living space than the typical non-poor person in Sweden, France or the U.K. Ninety-six percent of poor parents stated that their children were never hungry during the year because they couldn't afford food.
"The Material Well-Being of the Poor and the Middle Class Since 1980" (10/25/2011) is a research paper by professor Bruce D. Meyer of the University of Chicago and The National Bureau of Economic Research and professor James X. Sullivan of the University of Notre Dame. In it they report:
Justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for 50 years. One of the often-repeated catch phrases of our time — "It's the economy, stupid!" — has already stopped thinking in some quarters for a couple of decades. There is no question that the state of the economy can affect elections. But there is also no iron law that all elections will be decided by the state of the economy.
President Franklin D. Roosevelt was re-elected for an unprecedented third term after two terms in which unemployment was in double digits for eight consecutive years.
We may lament the number of people who are unemployed or who are on food stamps today. But those who give the Obama administration credit for coming to their rescue when they didn't have a job are likely to greatly outnumber those who blame the administration for their not having a job in the first place.
An expansion of the welfare state in hard times seems to have been the secret of FDR's great political success in the midst of economic disaster. An economic study published in a scholarly journal in 2004 concluded that the Roosevelt administration's policies prolonged the Great Depression by several years. But few people read economic studies.
Days ago, reports revealed that Ron Paul is in a dead heat in the Iowa caucus with Mitt Romney, Herman Cain, and Newt Gingrich. Since then, Paul has also gained support in New Hampshire, where he is now in second place in the polls. A Bloomberg News New Hampshire poll reveals that Paul currently sits at 17 percent in New Hampshire, surpassing the new GOP frontrunner Newt Gingrich, who garnered 11 percent of the vote, and Herman Cain, who received just 7 percent. The only candidate ahead of Paul is Mitt Romney, who sits comfortably at 40 percent.