“Wall Street’s Favorite Democrat” Looks to Deregulate Derivatives Even More

by Scott Creighton

Former Goldman Sachs executive and current national finance chairman of the Democratic Congressional Campaign Committee, called “Wall Street’s Favorite Democrat” by Bloomberg, Rep. Jim Himes (D-Conn.), is pushing a new bit of legislation to make it easier for Wall Street and Goldman Sachs to make piles of money setting up the next financial catastrophe just like they did back when they got Clinton to repeal Glass-Steagall.

The bill would “allow banks to keep commodity and equity derivatives in federally insured units,” Politico reported on Wednesday, meaning that banks would no longer be forced to spin off their trading desks. It would weaken Dodd-Frank’s “push out” provision, otherwise known as the Prohibition Against Federal Government Bailouts of Swaps Entities, which bars federal assistance from being provided to any swaps entity.

Himes, who was recently named the national finance chairman of the Democratic Congressional Campaign Committee, is a former executive at Goldman Sachs, where he was a vice president.” Huffington Post

Jim, like President Obama, was born to do the “good work” of neoliberalizing America and Europe. His daddy worked for the Ford Foundation and UNICEF  in Lima Peru. His father worked under the presidency of Fernando Belaúnde who was particularly favored by the U.S. at the time because he basically handed over the nationalized oil industry to Standard Oil. Belaunde was forced to resign under threat of military coup in late 1968 and the new government did horrendous things like started a land reform program giving land back to the people and nationalized the oil industry again. They were also setting up  deals coming closer to Cuba and the Soviet Union. Eventually the Good old U.S. of A got their man back in the saddle again in 1980.

As you can see, a very similar path to greatness that our Glorious Leader had. Born to the Ford Foundation and neoliberalized dictators in far away lands and he ends up running things in the Democratic party. Small world for these oligarchs ain’t it?

Globalist Jesus Worshiped at Golden Globes While the “Other’ CIA Film Received It’s Award

by Scott Creighton

Globalist Jesus slipped out on stage at the Golden Globes yesterday and the idol worship and false praise rang out loud and clear from all those Hollywood elites who were afraid to be seen not rejoicing in his splendor. His background didn’t matter, his brutal corporate history didn’t matter, his lies and betrayal of his wife and the honor of his office didn’t matter. All that matters is the fact that he is as rich as the ancient dictators of old and the fact that his fascist fingers grip power with the help of Hollywood’s new team of acclaimed writers: the Central Intelligence Agency.

It was a despicable display of Orwellian servitude by a group of soulless, talentless hacks risen to the ranks of what is laughably called “the A-List” simply because they will bow to their new morally bankrupt neo-liberal god-king.

Fiscal Cliff = Economic Terrorism says U.S. Senator

by Scott Creighton

We’ve seen this before: the economic powers that be went to congress and the MSM back in late 2008 and threatened Armageddon if we didn’t give them what they wanted: our money. They effectively held the economy of the United States hostage and threatened to pull the trigger if they weren’t paid $780 billion in cash. Turns out, the fed gave them far more than that in secret backdoor loans, but the story is still the same; we were subjected to economic terrorism in which our leaders, the same leaders who boasted they will never give into terrorist threats, caved in immediately and went on a PR campaign pushing the TARP bailout package like their lives depended on it.

Now we have the same thing happening. The “fiscal cliff” boogeyman is the same as the “Ruskies” of old or the “turrurrrurrists’ of today. It’s terrorism pure and simple.

When you threaten people with the fear of death, starvation and chaos in order to advance a change in either the political  (like we did to Libya and currently are doing to Syria and Iran) or economic structure of a nation, that is defined as “Terrorism” and that is exactly what is being done to us right now.

Who says so? Some conspiracy theorist whack-job wing-nutter?

No. A seated U.S. senator from Iowa said that.

Obama Meets his Prestitute Megaphonies to Prep “Fiscal Cliff” Compromise Propaganda

by Scott Creighton

Barack Obama has every intention of betraying his base… once again, this time on the subject of crippling “austerity” measures (read as “IMF structural reform package”) that will be “needed” to avoid the ever looming mythical fiscal cliff. So he called a special meeting with some of the left-wing propaganda peddlers to have a little off-the-record meeting at the White House. The idea is to get the talking points directly to the megaphonies so there’s no communication divide while at the same time expressing to them their personal importance to the administration, capitalizing on their feelings of entitlement in order to ensure they will strive their hardest to convince their audiences that something that is in their worst interest is actually in their best interests. To lie to their fans for the president and his neoliberal agenda in other words.

Greek journalist arrested over exposing politicians’ alleged tax evasion

from RT

Greek police have arrested one of the country’s top journalists, after his publication Hot Doc released the so-called ‘Lagarde list,’ containing the names of some 2,000 Greeks with funds hidden in Swiss bank accounts.

The police arrested Kostas Vaxevanis, the owner and editor of Hot Doc, during a live radio interview on Sunday. “They’re entering my house with the prosecutor right now. They are arresting me. Spread the word,” Vaxevanis tweeted.

He is due to appear in court on Monday to answer charges of privacy violations from publishing the list of names, which dates to 2007. “Instead of arresting the tax evaders and the ministers who had the list in their hands, they are trying to arrest the truth and free journalism,” Vaxevanis said in an interview.

[read the rest, here]

Charter Schools Save Money? Think Again – $500,000 Bonus to a Failed Charter Principal

by Scott Creighton

student at Young’s Motel 6 High School

School didn’t have computers, a library or even cafeteria services and the money the for-profit school saved by cheating 181 kids out of a decent education, they apparently divided up among themselves when the gig was finally up in Orlando. Christ, according to their recent evaluation, they couldn’t even teach English!

When you think about charter schools, you think about someone trying to sell the “public/private partnership” in terms of saving taxpayers some money. It’s simply not true. It costs more per student to educate through a charter school system and most studies show the education they receive is rather substandard at best. No accountability, no morals.. the WalMartization of Education is at hand.

Spanish Townsfolk, Our Monster: Now What Are We Going to Do About It?

by Scott Creighton

UPDATE 3: “The French, Spanish and Greek governments all announced multibillion-euro austerity plans yesterday in the face of massive popular opposition.”

UPDATE 2: Slavery in the UK. The unemployed are being forced to work for major British corporations, for free, just so they can continue to receive their unemployment benefits. This plan is the same as one attempted here in the states, one that still has a great deal of support in congress. Imagine the profits retailers could pocket if they got free seasonal workers during the holiday buying season.

UPDATE: In Dubai, one of our close economic allies, they call slave owners “sponsors” and fine their slaves if they attempt to take their own lives when the desperation of their true situation becomes too unbearable to live with.

“I found myself thrown away and I thought of my poor family back home. I felt desperate and decided I should die,” she said. The National

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While Americans cheer for the return of  zebra striped officials to the NFL games today, the Spanish, the Greeks and many others across Europe are fighting for their very lives and the freedom to determine the quality of them on their own. Our apparent lack of concern is understandable when you consider that what they are desperately struggling against is in a large part, our creation. Not only is Dr. Frankenstein disinterested in the harm his creation inflicts on the people around him by choice, but the townsfolk themselves willingly turn a blind eye and a deaf ear to the cries of their neighbors in nearby villages just so long as the monster feeds elsewhere.

Spainish Anti-Austerity Protests Spreading

by Scott Creighton

The IMF “austerity measures” are nearly the exact same thing that we have imposed on other nations for decades. They were called the “economic brick” when Milton Friedman and his Chicago Boys imposed them on the people of Chile in 1973 after Kissinger and the CIA orchestrated the violent overthrow and murder of their elected president Salvador Allende on Sept. 11th, 1973.

The people of Spain are saying “no”. Let’s hope the rest of the world will as well and soon. We have to get off our asses here as well. Left cover or not, these fascists will take everything from us, no one is safe. The sooner you understand that, the better we will all be.

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Pure Brutality: Riot Police in Madrid Attack Auterity Protesters

by Scott Creighton

The Dark Knight pictured this the other way around and for that I called it pure propaganda. The riot squads across the world are using brute force to repel the people of their own communities as they struggle for social and economic justice in the face of the same crushing austerity measures that Obama himself will be pushing during the lame duck session of congress this year. They were swinging away at young girls and hitting men in the back as they tried to calm the crowds.

“Skirmishes continue between protesters and riot police in Madrid, with cops firing rubber bullets and tear gas at the crowd. Fourteen people have been injured and 22 arrested, local media report.

Madrid emergency services have confirmed that at least 14 people, including three policemen, have been injured in clashes between police and protesters. One of the wounded is believed to be in critical condition, according to local news.

Riot Police belted protesters, dragging some them by the arms and legs, who had tried to get through police lines. An uneasy order was restored and police have brought in reinforcements and have begun to try and disperse the crowd.

Thousands of activists have congregated in Madrid’s Plaza de Neptune, 100 meters from the Congress building, to protest Spanish austerity measures.” RT

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Austerity kills: Greek Martyrs and the Economic Hitmen in Michigan

by Scott Creighton

Sooner or later, we are all Dimitris Christoulas.

Dimitris Christoulas picked a tree in a park in central Athens by the nation’s parliament. It took him 77 years to get to that point, to pick that tree. He sat down next to it, sat in the shady side at 9am in the morning as people were bustling back and forth getting on with the business of starting their day. Dimitris pinned a note to himself, some say he shouted a comment, others say he said nothing.

In Detroit yesterday the city council voted 5-4 to enter into an agreement with the state of Michigan to radically change the city and the way it works due to pending financial hardships which were brought on by the deliberate controlled demolition of the economy of the United States by the banks and huge financial houses whom we have poured money into ever since.

There’s a connection and it’s not pretty.

The Obama Justice Department vs Big Five Banks Settlement is Actually a Payoff for Services Rendered

by Scott Creighton

Keep this information in mind as you read the following article: The largest banks made a combined 13 billion dollars in profits from 7.77 trillion dollars of undisclosed emergency loans from the Federal Reserve bank over and above the 780 billion dollar banker bailouts. The loans and the bailouts were a direct reaction to the crisis caused by the criminal and fraudulent behavior of these same banks which the Obama administration now says will cost them roughly 1 billion a piece. 13 billion in profits for criminal activities (that we know of) and 5 billion in penalties (spread out over the course of a few years) while it is left to investors to foot the bill for the rest of the 26 billion dollar “settlement” deal. No further criminal prosecution, no further investigation required.

From Bloomberg News Nov. 2011 -

• The six biggest U.S. banks, which received $160 billion of TARP funds, borrowed as much as $460 billion from the Fed… JPMorgan, Bank of America, Citigroup Inc. (C), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS) and Morgan Stanley
• Bank of America and New York-based Citigroup each received $45 billion from TARP.
• Total assets held by the six biggest U.S. banks increased 39 percent to $9.5 trillion on Sept. 30, 2011, from $6.8 trillion on the same day in 2006, according to Fed data.
• Employees at the six biggest banks made twice the average for all U.S. workers in 2010, based on Bureau of Labor Statistics hourly compensation cost data.
• Bank of America took over Merrill Lynch & Co. at the urging of then-Treasury Secretary Paulson after buying the biggest U.S. home lender, Countrywide Financial Corp.
• Wells Fargo bought Wachovia Corp., the fourth-largest U.S. bank by deposits before the 2008 acquisition.
• JPMorgan absorbed the country’s largest savings and loan, Seattle-based Washington Mutual Inc., and investment bank Bear Stearns Cos. The New York Fed, then headed by Timothy F. Geithner, who’s now Treasury secretary, helped JPMorgan complete the Bear Stearns deal by providing $29 billion of financing, which was disclosed at the time.

original article below

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The Obama administration finalized their latest and most heinous betrayals of their 3 year history yesterday when they announced their settlement between the big five banks and state and federal governments on their “investigation” into the massive systemic mortgage fraud conspiracy. There will be no investigation. We will never know the full extent of the criminal conspiracy to decimate the economy of the United States of America because Barack Obama’s “Justice” Department has struck a deal. The economic hit-men who are running this country won out as Left Cover Obama sold us out. Again.

Beyond Pretense: The Global Free Market Wars Finally Acknowledged (and another U.S.S. Liberty event on the horizon?)

by Scott Creighton

UPDATE: After all attempts to frame Iran have failed thus far, a Jerusalem Post article (written by a former Israeli intelligence officer turned Operation Mockingbird style “journalist“) suggests Iran will provide the needed pretext for the war themselves by attacking a U.S. warship. Get that? They failed to frame Iran for everything from rigged elections to 9/11 and now, out of the blue, they expect Iran will make the unusually stupid move of attacking a U.S. warship and setting themselves up for regime change and perhaps a million dead Iranians in the process.

A Prison Planet article about this frightening prediction mentions Gulf of Tonkin and the USS Maine false flag attacks but for some reason never mentions the prolonged Israeli attack on the U.S.S. Liberty (see details at the end of this article) which looked to pull us into their conflict with Egypt until a Russian sub was spotted nearby watching the hours long attack and the Liberty simply refused to sink. Go figure.

UPDATE 2: Chris Mathews covered the Israeli assassination of the Iranian nuclear scientist yesterday. You might think that is good, but it is not because of HOW they covered it; they are setting up a narrative explaining WHY the Iranians would launch a military attack of some kind against the U.S. Navy. And that is EXACTLY the same thing the Jerusalem Post wrote about the other day.

The story line according the Hardball goes something like this:

• The Obama administration doesn’t want a conflict with Iran (even though it’s obvious that they do want a regime change in Iran)
• The new sanctions on Iran are making them desperate (even though South Korea, China, North Korea, Venezuela, Russia, Pakistan, India and others are not going to abide by them, and neither is Halliburton for that matter)
• The Israeli attack on a nuclear scientist is going to prompt Iran to attack the U.S. (even though they know it was not the U.S. that killed their scientist and even though there are Israeli ships in the Gulf as well as U.S. ships)
• There are mentions of Iran firing a missile at a U.S. warship or mining the Straight of Hormuz (does that remind anyone of the Cheonan incident, or is it just me?)
• Israel will then “help” the United States and be the good guys by striking back at Iran.

Mathews and Hardball are not helping us by exposing the underlying truth in this situation but rather they are laying the groundwork for the official narrative of another false flag attack even before it plays out. The Iranians would never launch an attack on a US warship because Israel killed another of their scientists. That premise is ludicrous at best. And yet, there it is.

UPDATE 3: British Prime Minister has gone to meet with the Saudi Royal family just days after the Saudi ruling regime killed protesters and hours after the British issue a warning to their citizens about traveling to that region due to “conflicts” escalating.

UPDATE 4: According to the complicit MSM, an “independent news service” known as irannuc.ir is claiming that the Iranian people buried the nuclear scientist chanting “death to the US. death to Israel” and they claim that Iran (quoting unnamed sources) is planning an attack against the West in retaliation. Of course the only videos of the burial show mourners saying “death to the terrorists”

It appears the “independent news service” (read as US financed destabilization campaign NGO) is helping to push the “Iran is going to attack” narrative.

This irannuc propaganda is already on Fox News and MSN alike.

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For years I have been using the phrase “The Global Free Market Wars” to explain what is happening around the world. I didn’t coin the phrase, I don’t know who did, I wish I had. The pretense is coming to a end.  The Global War on Terror is and has been since it’s inception, a fraud. A lie. 935 lies for Iraq; 1 Big Lie for Afghanistan (built on literally tons of smaller lies); NGO lies for Libya; a Fox News generated lie for Pakistan; a retroactive lie for Yemen; a lie of omission for Sudan; an opportunistic lie for North Korea; and finally, a string of lies for Iran.

MF Global bankruptcy-On the Edge with Max Keiser

Conspiracy Theory No More: Goldman Sachs in a Bid to Rule the World

Goldman Sachs is certainly a major player in the push to rule the world by financial insiders, but the real master has been and still is, the Bank for International Settlements (BIS), the central banks of the network of privately owned central banks. Goldman was instrumental in creating the world financial crisis by developing, selling, and betting against the worthless credit default swaps that destroyed state pension funds and national economies from Florida to Greece.

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Max Keiser on the Economic Terrorism that Toppled Greece