Monthly Archives: August 2011

Open proposal for US revolution: expose corporate media as propaganda. 4 of 4.

By Carl Herman, National Board Certified Teacher in economics, government, and history, who blogs as the Nonpartisan Examiner at Examiner.com. Carl was one of the leaders who launched the microcredit movement, and is a tireless activist for peace and justice. … Continue reading

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US or the War Machine

An upcoming Charlottesville conference highlights the importance of whistleblowers when addressing the corruption present in military contracting By David Swanson, Guest Viewpoint on August 31, 2011, Cavalier Daily Bunnatine “Bunny” Greenhouse YOU MAY have heard something about a budget crisis … Continue reading

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Lies, War, and Empire: NATO’s “Humanitarian Imperialism” in Libya

Andrew Gavin Marshall is an independent researcher and writer based in Montreal, Canada, writing on a number of social, political, economic, and historical issues. He is co-editor of the book, “The Global Economic Crisis: The Great Depression of the XXI … Continue reading

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Why My 9-Year-Old Neice Is Smarter Than Our Genius President

While the evidence suggests that President Obama is not terribly bright and has just benefited from succeeding a downright moron, and while voluminous evidence to which I am privileged suggests that my 9-year-old neice Hallie is extremely intelligent, consider just … Continue reading

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Open proposal for US revolution: end parasitic and criminal economics. 3 of 4

By Carl Herman, National Board Certified Teacher in economics, government, and history, who blogs as the Nonpartisan Examiner at Examiner.com. Carl was one of the leaders who launched the microcredit movement, and is a tireless activist for peace and justice. … Continue reading

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Playing the “Get into Saudi Arabia free card”

This guest blog is from Kevin Ryan, co-editor of the Journal of 9/11 Studies. Kevin’s personal blog can be found at Dig Within. Recent developments among supporters of the US government’s version of events indicate that they plan to begin … Continue reading

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Open proposal for US revolution: end unlawful wars, all from known lies. 2 of 4

By Carl Herman, National Board Certified Teacher in economics, government, and history, who blogs as the Nonpartisan Examiner at Examiner.com. Carl was one of the leaders who launched the microcredit movement, and is a tireless activist for peace and justice. … Continue reading

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Open proposal for US revolution: end unlawful wars, parasitic economics. 1 of 4

By Carl Herman, National Board Certified Teacher in economics, government, and history, who blogs as the Nonpartisan Examiner at Examiner.com. Carl was one of the leaders who launched the microcredit movement, and is a tireless activist for peace and justice. … Continue reading

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Drowning Government in a Hurricane (Why Wait for a Bathtub?)

By leading anti-war activist David Swanson, author of Day Break and War Is A Lie, who runs the websites DavidSwanson.org and WarIsACrime.org (formerly AfterDowningStreet.org). “Shrinking government” in American political discourse has, for decades now, meant the following. We enlarge the … Continue reading

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The Chopping Block?

Click here for this post in PDF By Steve Keen, Associate Professor of Economics & Finance at the University of Western Sydney, author of Debunking Economics: The Naked Emperor of the Social Sciences and writer at his own blog, DebtDeflation.com. … Continue reading

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The Same Type of Corruption and Collusion Between Big Companies and Their Government Regulators That Exists In Finance And Energy May Also Infect The Anti-Cancer Industry

According to the documentary movie Burzynski: A 1992 law – the Prescription Drug User Fee Act – puts the FDA on the payroll of the pharmaceutical industry. The FDA gets more than half of its money from the pharmaceutical industry … Continue reading

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Gandhi on ending injustice: Speak the truth because Truth is God

My friend and colleague for justice, Washington’s Blog’s author, invited me to “guest blog.” I’ll provide two. First: Gandhi’s conclusion of the essential importance of speaking Truth. Second: a 4-part series to document that current US wars are unlawful, US … Continue reading

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“The First Recorded Word For ‘Freedom’ In Any Human Language Is The Sumerian Amargi, A Word For Debt-Freedom … If Aristotle Were Around Today, He’d Probably Conclude That Most Americans Were, For All Intents And Purposes, Slaves”

I’ve previously noted that top economists say will have a never-ending depression unless we repudiate the mountains of bad debt choking the world, that repudiating bad debt is moral, legal, empowering and popular. I’ve pointed out that debt always grows … Continue reading

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“Cyclical Climatic Changes DOUBLE The Risk Of Civil Wars, With Analysis Showing That 50 Of 250 Conflicts Between 1950 And 2004 Were Triggered By The El Niño Cycle”

The Guardian notes: Cyclical climatic changes double the risk of civil wars, with analysis showing that 50 of 250 conflicts between 1950 and 2004 were triggered by the El Niño cycle, according to scientists. Researchers connected the climate phenomenon known … Continue reading

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Today’s Weather Report … For The Sun

The activity of the sun affects weather and climate and many other conditions on Earth … including, perhaps, earthquakes and volcanic activity, and maybe even civil wars. (And yes, a big solar storm can take down electric grids and electronic … Continue reading

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BP’s Gulf Oil Well Is Leaking Again: “It’s A Dead Ringer For The [BP] Oil, As Good A Match As I’ve Seen” … “I Think The Primary Source With High Probability Is Associated With [Last Year's Damaged BP] Well”

Leaking Oil Is a “Dead Ringer” For Oil From BP’s Gulf Well The Press-Register reports today: Scientific analysis has confirmed that oil bubbling up above BP’s sealed Deepwater Horizon well in recent days is a chemical match for the hundreds … Continue reading

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Guest Posts

I’m taking a much-needed vacation next week, and will be almost entirely out of pocket. I’ve invited some good writers/artists to guest blog, so stay tuned …

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The Next Scientific Frontier: Sun-Earth Interactions

The Next Big Scientific Breakthrough: Sun-Earth Interactions Quantum computing, nanotechnology and genetic engineering are exciting fields. But understanding the interaction between the Sun and Earth is at least as important as a scientific frontier. The Sun Affects Clouds and Ozone, … Continue reading

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Scientific Experiment By Top Laboratory Shows that Cosmic Rays Affect Cloud Formation, Which In Turn Affects Climate

Image Courtesy of CERN (Click for clearer image) One of the world’s most prestigious science labs – CERN – has found that cosmic rays affect cloud formation. By way of background, the news magazine for the prestigious science journal Nature … Continue reading

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Can Solar Activity Cause Earthquakes, Volcanoes and Extreme Weather?

  Some Scientists Believe Solar Activity Can Cause Earthquakes, Volcanoes or Extreme Weather A 1967 study published in the Earth and Planetary Science Letters found: Solar activity, as indicated by sunspots, radio noise and geomagnetic indices, plays a significant but … Continue reading

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It’s Official: Human Activity Can Cause Earthquakes

Human Activity Is Officially Acknowledged to Cause Earthquakes The United States Geological Survey is America’s official expert on earthquakes. It’s the Federal agency charged with monitoring, reporting on, researching and stressing preparedness for earthquakes. So I was surprised to read … Continue reading

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Web Design Help

I purchased Gabfire’s Newspaper WordPress theme. This is the demo of the theme. I’m trying to redesign my site to look like the demo (but with blue, not red, accents). Ideally, a very wide and clean layout, like this. Can … Continue reading

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East Coast Earthquakes Feel Stronger Than Same-Size Earthquakes Occurring Elsewhere

East Coast Earthquakes Are Felt More Widely Than West Coast Earthquakes of the Same Size Yesterday’s 5.8 earthquake in Virginia was felt over a huge area: as far away as Canada, North Carolina, Georgia and Michigan. In fact, earthquakes on … Continue reading

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Why Gold Tanked Today: CME and Shanghai Gold Exchange Hiked Margin Requirements

Gold Tanks Most Since March 2008 … But Only Erases Two Weeks Worth of Gains Gold tanked today, crashing $104 points. That is the largest one-day crash since March 2008, erasing two weeks worth of gains. Margin Requirements Hiked Zero … Continue reading

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Strong Earthquake Very Close to Virginia Nuclear Power Plant … Main Power Out, Venting Steam

Earthquake in Virginia: One of the Largest Ever On the East Coast One of the largest East Coast earthquakes in recorded history struck today. Very Close to Nuclear Power Plant The epicenter was very close to the Lake Anna nuclear … Continue reading

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“The Gap Between Americans Who Want To Govern Themselves And Politicians Who Want To Rule Over Them May Be As Big Today As The Gap Between The Colonies And England During The 18th Century … The American People Don’t Want To Be Governed From The Left, The Right, Or The Center. They Want To Govern Themselves”

Americans Don’t Want To Be Ruled from the Left Or the Right … We Want to Govern Ourselves Pollster Scott Rasmussen notes: The gap between Americans who want to govern themselves and politicians who want to rule over them may … Continue reading

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“Just 12% Of Likely U.S. Voters Believe The United States Should Get More Directly Involved In The Syrian Crisis …Sixty-Six Percent (66%) Think The United States Should Leave The Syrian Situation Alone”

Americans Don’t Want Syria War While the U.S. is doing its best to try to whip up support for a war against Syria (a war planned at least 10 years ago), a new Rasmussen poll finds: Just 12% of Likely … Continue reading

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Forget the Banks … “If You Take Households In Total, They Are Also All Interconnected. They Are Also Too Big To Fail”

If the Banks Are Too Big to Fail, Why Aren’t the American People? In response to the disclosure that the Fed bailed out the Wall Street aristocracy, Huffington Post reports: “It is a classic case of moral hazard,” Dimitri Papadimitriou, … Continue reading

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Radiation Will Pollute the Area Around Chernobyl For 5 to 10 Times Longer Than Models Predicted – Between 180 and 320 Years

Radiation Will Plague Chernobyl for Hundreds of Years The radioactive half life of cesium 137 is usually 30 years. But scientists at the Savannah River National Laboratory say that the cesium at Chernobyl will persist in the environment between 5 … Continue reading

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Libya War: Gaddafi Falls … But Why Did We Invade In The First Place?

  Now that the Libyan “rebels” have taken Tripoli, and Gaddafi’s days are quickly ending, it’s time to take stock about the meaning behind the war, and why we’re really there. A War For Oil and Gold? Initially, many say … Continue reading

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I-N-S-O-L-V-E-N-T: Citigroup Was In Debt To The Fed 7 Out Of Every 10 Days From August 2007 Through April 2010

Bloomberg notes, in an article entitled “Wall Street Aristocracy Got $1.2T in Loans”: Citigroup was in debt to the Fed on seven out of every 10 days from August 2007 through April 2010, the most frequent U.S. borrower among the … Continue reading

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Hello world!

Welcome to WordPress.com. After you read this, you should delete and write your own post, with a new title above. Or hit Add New on the left (of the admin dashboard) to start a fresh post. Here are some suggestions … Continue reading

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By Choosing The Big Banks Over The Little Guy, The Government Is Dooming BOTH

  Should Government Help the Little Guy or the Big Banks? If the government is going to give anyone money, giving it to the little guy is arguably more fair than giving money to Wall Street fatcats. Moreover, as Steve … Continue reading

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Photos: Oil At BP’s Deepwater Horizon Gulf Spill Site

BP Gulf Oil Spill: Leaking Again? I noted on Thursday that billion dollar verdict winner trial attorney Stuart Smith alleges that his contacts say BP’s Deepwater Horizon oil well is leaking again. Smith notes today: Hours after we posted our … Continue reading

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D.C. is Like a Separate Country … One Which Couldn’t Care Less About The American People

D.C. Has A Different Economy From The Rest of America Jason Linkins reports that D.C. is the only place where people think the economy is just dandy, since that’s where the politicos, lobbyists, and people looking for big handouts live: … Continue reading

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What WordPress Template Should We Use?

We have received a wonderful offer from an SEO expert to help migrate the website over to WordPress. Because we have the collective design skills of a blind mole, we’d be grateful if you could point us towards a WordPress … Continue reading

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You Are NOT Authorized to Watch This Video … Do NOT LOOK!

youtube http://www.youtube.com/watch?v=hZEvA8BCoBw Well, since you looked, here’s some more information.

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Fukushima Worker On Camera: “The Holes And Cracks In The Ground Are Terrifying”

Watch the following video of a Fukushima worker saying: The holes and cracks in the ground are terrifying. See this for background. Hat tip: EneNews.com.

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Amazing Science Breakthroughs

Incredible Science Discoveries It has been an amazing month for science: MIT researchers have succeeded in printing solar panels onto any piece of paper Scientists at MIT have designed a drug that can cure virtually any viral infection. Scientists at … Continue reading

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Corruption At The Top Leads To Lawlessness By The People

Economist Noted 150 Years Ago That Corruption At the Top Leads to Lawlessness By The People I’ve repeatedly noted that corruption at the top leads to lawlessness by the people. William K. Black – Associate Professor of Economics and Law … Continue reading

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Ron Paul “Just Think Of All Those Troops Spending All That Money Back At Home!”

Many economists have demonstrated that – contrary to commonly-accepted myth – war is actually bad for the economy. Ron Paul gives yet another reason to bring the troops home: Just think of all those troops spending all that money back … Continue reading

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The Real Reason the SEC Has Been Shredding Documents For Decades

SEC Attorney Reveals that Agency Has Shredded Documents for Decades to Cover Up Wall Street Fraud What should we make of the new revelations by Securities and Exchange Commission attorney Darcy Flynn (background here, here and here) that the SEC … Continue reading

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“The Whole World Will Be Exposed From The Radiation From Fukushima”

Physicist Michio Kaku appeared on 60 Minutes (the Australian edition), and said: The whole world will be exposed from the radiation from Fukushima. [The Japanese people] are guinea pigs, absolute human guinea pigs. In fact, radiation experts say that huge … Continue reading

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Gold Will Crash As Soon As the Economy Stabilizes. But the Government Hasn’t Done Anything to Stabilize the Economy … And So The Economy Won’t Recover – And Gold Will Rise – For Years

While I’ve written complicated 10-factor essays on why gold prices will rise (like this and this), my basic argument for gold is very simple. People buy gold during periods of volatility, uncertainty, distrust of government and risk aversion. See this, … Continue reading

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“Vermont Health Officials Say Radioactive Tritium From The Vermont Yankee Nuclear Plant Has Reached The Connecticut River” … Governor Is “Very Concerned”

The Boston Herald reports: Vermont health officials say radioactive tritium from the Vermont Yankee nuclear plant has reached the Connecticut River. Dr. Harry Chen, the state health commissioner, said late Wednesday that samples of water taken July 18 and July … Continue reading

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BP’s Gulf Oil Well May Be Leaking AGAIN: “The Oil May Be Coming From Cracks And Fissures In The Seafloor Caused By The Work BP Did During Its Failed Attempts To Cap The Runaway Macondo Well – And That Type Of Leakage Can’t Be Stopped, Ever”

As I noted last year, the seafloor under BP’s leaking Gulf oil well cracked, and could leak for years. Successful New Orleans attorney Stuart Smith – lead counsel in a lawsuit that resulted in a $1.056 billion dollar verdict against … Continue reading

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Roubini: “Gold, Like US Treas Yields, Is Pricing Risk That We Go Into Another Deflationary Depression & Global Financial Meltdown, Not Inflation”

Gold Soars On Fear of Deflationary Depression Well-known economist Nouriel Roubini tweets: Thus gold, like US Treas yields, is pricing risk that we go into another deflationary depression & global financial meltdown, not inflation As MarketWatch writes: Gold futures on … Continue reading

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Chavez Nationalizes Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held Abroad, May Cause a Scramble for Physical Gold From JP Morgan and Others

The two biggest stories of the day – in case you missed them – were that Venezuelan president Chavez is nationalizing the country’s gold industry, and he’s recalling hundreds of tons of gold held in European banks back to Venezuela. … Continue reading

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U.S. Knew Within Days that Fukushima Had Melted Down

I noted in May that that International Atomic Energy Agency knew within weeks of the Japanese earthquake that the reactors had melted down … but the public was not told for a month and a half. I pointed out in … Continue reading

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Radiation Expert: Huge Quantities of Radiation Are Still Being Released from Fukushima … And Radiation Levels In Some Parts of Tokyo Are Higher than In the Chernobyl Exclusion Zone

Huge Quantities of Radiation Are Still Being Released By Fukushima Radiation expert Dr. Chris Busby says that huge quantities of radiation – 1013 or 10 trillion becquerels per hour – are still being released from Fukushima. This is down slightly … Continue reading

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Report: Workers Say Ground Under Fukushima Plant Is Cracking and Radioactive Steam Is Being Released

According to wide-spread but unsubstantiated rumors, Fukushima workers say that the ground under the plant has cracked, and radioactive steam is being released from the cracks: And see this and this. We’ll update this post with confirming or debunking information … Continue reading

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“The Global Plutocracy Is Terrified of Dissent. In Some Places, The War On Dissent Is Being Fought With Bullets. In Others, The War On Dissent Targets Social Media And Mobile Communications”

The Most Liberal Part of the Country Takes a Page from Dictator’s Playbook The most liberal part of the country – the San Francisco Bay Area – is taking a page from Egyptian dictator Mubarak’s playbook. As leading free speech … Continue reading

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Must-Watch Video: Popular MSNBC Anchor Reports the Media Are Stifling the Truth About Fukushima, Regulators Are Wholly Captured and There Are Many Accidents Waiting to Happen In the U.S.

As I’ve previously noted, popular MSNBC anchor Cenk Uygur was recently told to tone down his attacks on the establishment because the head of the network reminded him, “we’re part of the establishment.” Last week, Uygur described what MSNBC bigwigs … Continue reading

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Quantitative Easing: “Didn’t Work”, “Is Good For The Rich, Bad For The Poor’

Rick Perry Says Quantitative Easing Is “Almost Treasonous” … While Karl Rove Defends the Fed Presidential candidate Rick Perry said that it would be “almost treasonous” for Ben Bernanke to engage in more quantitative easing. Karl Rove shot back: You … Continue reading

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1-Year Gold Price Forecasts: JP Morgan Predicts $2,500, Bank of America Forecasts $2,000

Last week, JP Morgan forecast that gold would hit $2,500 by the end of the year. This is not an isolated trend among the big banks. This week, Bank of America predicted that gold wold hit $2,000 within a year: … Continue reading

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Free Market Economist Nouriel Roubini: “Karl Marx Had It Right. At Some Point, Capitalism Can Destroy Itself. You Cannot Keep On Shifting Income From Labor To Capital Without Having An Excess Capacity And A Lack Of Aggregate Demand”

Communism Sucks … But the Type of Capitalism We Have Now – Socialist Upward Redistribution for the Rich – Isn’t Great, Either As several people have previously noted, everything the communists said about their system was false; unfortunately, some of … Continue reading

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48% Think Spending Cuts Could Trigger Violence

48% of Americans Think Spending Cuts Could Trigger Violence: Poll The link between austerity and violence is pretty well-documented. So it’s not entirely surprising that a new Rasmussen poll finds that 48% of Americans think that spending cuts could trigger … Continue reading

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No, Mr. Krugman … War is NOT Good for the Economy

  Military Keynesianism Gone Haywire: Paul Krugman Pines For World War … Based On Ginned-Up Reasons As I have repeatedly documented, influential Americans are lobbying for war in order to save the American economy – what is often called “military … Continue reading

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Galbraith: “Stimulus Alone Was Never Going To Bring Recovery. This Crisis Was Caused By Financial Collapse, Rooted In Massive Banking Fraud. The Financial System Is Our Economic Motor And When It Fails It Cannot Be Revived Simply By Pouring Money On It, Any More Than A Wrecked Reactor Can Be Restarted Just By Adding Fuel”

Economics Professor Confirms that Fraud Caused the Economic Crisis … And Stimulus Alone Won’t Fix Anything Economics professor James Galbraith writes in the Los Angeles Times: In fact, stimulus alone was never going to bring recovery. This crisis was caused … Continue reading

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Corporate Media Admit They Censor Candidates Who Challenge the Status Quo

Preface: Liberals shouldn’t ignore the media’s censoring of Ron Paul’s popularity in straw polls because he’s “on the right”. Many progressive candidates have been shut out of political races by the big corporate media. Corporate Media Admit They Censor Ron … Continue reading

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Nuclear Expert: Radioactive Rain-Outs Will Continue For a Year – Even In Western U.S. and Canada – Because Japanese Are Burning Radioactive Materials

Nuclear Expert: Radioactive Rain-Outs Will Continue For a Year – Even In Western U.S. and Canada – Because Japanese Are Burning Radioactive Materials Nuclear expert Arnie Gundersen says in a new interview that the Japanese are burning radioactive materials. The … Continue reading

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Austerity and Runaway Inequality Lead to Violence And Instability

Study Shows That Austerity Leads to Violence And Instability A study this month by economists Hans-Joachim Voth and Jacopo Ponticelli shows that – from 1919 to the present – austerity has increased the risk of violence and instability: Does fiscal … Continue reading

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The Meaning of the British Riots

Painting by Anthony Freda: www.AnthonyFreda.com Corruption At The Top Leads To Lawlessness By The People I’ve repeatedly noted that corruption and lawlessness by our “leaders” encourages lawlessness by everyone else. See this, for example. Peter Oborne – the Daily Telegraph’s … Continue reading

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Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence

A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years. A new report from Wells Fargo Securities shows that the labor participation rate is also “at a 30-year … Continue reading

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The World’s Money Is Draining Away … Where’s It Going?

Spiegel asks: “Is The World Going Bankrupt?” That is an odd question. If some people are losing money, others must be gaining money, right? But where is all the money going? Bloomberg’s Jonathan Weil hints at the answer in a … Continue reading

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Bush and Clinton Counter-Terrorism Czar Alleges Massive 9/11 Cover Up

  Richard Clarke – the top Bush and Clinton counter-terrorism czar – alleges that there was a high-level decision in the CIA to suppress key information regarding two Al Qaeda hijackers inside the U.S: Clarke theorizes that top CIA brass … Continue reading

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Clusterfukushima

There have been a cluster of earthquakes near Fukushima. Just today, there was another 6.0 earthquake. There have been a cluster of meltdowns at Fukushima. For example, Asahi reports today: A second meltdown likely occurred in the No. 3 reactor … Continue reading

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Bank of America Stock Is Up … But So Are Credit Default Swaps and Puts

Bank of America Stock Is Up … But So Are Bets That It Will Fail Zero Hedge notes: With Bank of America stock up 9%, its CDS is …35 points wider: the highest since April 6, 2009. (Higher credit default … Continue reading

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“It’s A Bought Tax Code. We’re Harvesting Trillions To Benefit Corporations Through Trade Agreements And We’ve Built A System That Allows These Same Corporations To Avoid Paying Taxes”

Dylan Ratigan: http://www.msnbc.msn.com/id/32545640 Visit msnbc.com for breaking news, world news, and news about the economy And see this.

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Obama Is Implementing Plans For War Throughout the Middle East Created 10 Years Ago by the Neocons

  Politico reports: The U.S. has dramatically ratcheted up the pressure on Syrian President Bashar Assad, slapping new sanctions on key companies Wednesday as White House press secretary Jay Carney said the leader is guilty of “heinous actions” and the … Continue reading

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Former Labor Secretary: Obama Hopes to Distract the American People So We Forget About Grim Unemployment

I noted Monday that Obama is a pretend populist who says he’s fighting for jobs … when his policies actually increase unemployment. Economics professor and former Secretary of Labor Robert Reich – who presumably has good insider sources on job-related … Continue reading

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Psychologists: “The Idea Of Nobless Oblige Or Trickle-Down Economics … Is Bull. Our Data Say You Cannot Rely On The Wealthy To Give Back. The ‘Thousand Points of Light’—This Rise of Compassion In The Wealthy To Fix All The Problems of Society—Is Improbable, Psychologically”

  Raw Story notes that a study by psychologists from University of California Berkeley and UCSF – published in Current Directions in Psychological Science – shows that the wealthy are less empathic than people who are less well off. As … Continue reading

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Legendary Investor Jeremy Grantham: America is a Banana Republic

Legendary investor Jeremy Grantham (co-founder and chief investment strategist of Grantham Mayo Van Otterloo – one of the largest fund managers in the world, having more than US $107 billion in assets under management as of December 2010) writes: So … Continue reading

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Fun With Google Translate

If you hit the “Listen” button, Google translate will say words out loud with the correct accent. This is usually helpful for learning a foreign language. But when Google doesn’t know how to translate from English, the results can be … Continue reading

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CNBC: British Riots – And Unrest Worldwide – Caused By “Economic Uncertainty”

While most mainstream news outlets are blaming the British riots on random thuggery, they are really an outgrowth of bad economic conditions and governments’ poor response to the financial crisis. As I’ve noted for years, raging inequality and policies which … Continue reading

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Mad As Hell

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Obama The Pretend Populist: Says He’s Fighting For Jobs … But His Policies Only INCREASE Unemployment

Mitt Romney was properly criticized for being a fake populist when he said: I’m also unemployed. He’s worth more than $200 million, so he doesn’t need to work. But president Obama is no better. Obama Fights for Jobs … In … Continue reading

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Dow Falls 635: Sixth Biggest Stock Market Crash Ever

The Dow crashed 635 points today. This is the worst plunge since 2008, and the sixth biggest crash in history: Largest daily point losses Rank Date Close Net Change % Change 1 &2008-09-29 10,365.45 −777.68 −6.98 2 &2008-10-15 8,577.91 −733.08 … Continue reading

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Ongoing Scalping of Americans and “Never-Ending Depression” Unless Bondholders Are Forced to Take a Haircut

“Never-Ending Depression” Unless Debt Is Repudiated As I noted last month, economics professor Steve Keen says: [We’ll have] a never-ending depression unless we repudiate the debt, which never should have been extended in the first place. Economist Nouriel Roubini writes … Continue reading

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Bank of America Down 20% Today After Being Sued by AIG for “Massive Fraud” … Goldman, JP Morgan and Deutsche Are Next

Bank of America Down 20% … Committed “Massive Fraud” B of A is down 20% after AIG sued the bank for “massive fraud” in connection with mortgage debt, seeking $10 billion dollars. As Reuters notes: AIG accused Bank of America … Continue reading

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Fannie and Freddie Downgraded, France Will Be Downgraded, Munis Getting Hammered … States Will Be Next

As I noted yesterday, munis will get hammered by the credit downgrade, and France may soon lose its AAA credit. S&P Debt Downgrade: Munis Pounded Less than 12 hours later, munis are getting pounded by downgrades. France In Trouble French … Continue reading

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Credit Downgrade May Hammer Munis and Stocks Instead of Treasuries

Many have noted that the credit downgrade may – paradoxically – cause a rally in treasuries. Specifically, they point out that few markets are large and deep enough to absorb the huge amount of capital which is currently parked in … Continue reading

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Christina Romer On Credit Downgrade: We’re “Pretty Darned Fu*ked”

Bill Maher interviewed Christina Romer – the former head of President Obama’s Council of Economic Advisers, and one of the chief architects of the stimulus bill. Maher asked – in light of the credit downgrade – “how f*ked are we”? … Continue reading

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Rasmussen Poll: American Sentiment is “Pre-Revolutionary” … Only 17% Say U.S. Government Has Consent of the Governed

I noted in February 2010 that only 21% of Americans believed that the U.S. government had the “consent of the governed”. Only 17% Say U.S. Government Has Consent of the Governed That number has now fallen to 17%: Fewer voters … Continue reading

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America Loses AAA Credit Rating (Being The Military Superpower And Money Printer In Chief Did Not Protect Our Credit)

We Americans have always thought we were different. We thought we could launch unnecessary, imperial wars worldwide … While we slashed taxes for the wealthy and big corporations While we threw trillions at our big banks We thought that somehow … Continue reading

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Risk Off!

Context. For further context, see this, this, this, this, this, this, and this. Background for the picture: Captain Christopher Stricklin ejects from the U.S. Air Force Thunderbirds number six aircraft less than a second before it impacted the ground at … Continue reading

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Why the Market Is Tanking

Here’s today’s best headline, courtesy of MarketWatch: No wonder the market is tanking. This post is only partly satire. Because nothing has been done to fix the core economic problems – and the same bozos who caused the crisis are … Continue reading

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Will Easing By The Swiss Central Bank Drive Investors to Gold As The Only Safe Haven?

After rising some $50/ounce in about a week, gold is slightly down so far today. As Tyler Durden explains, margin calls are forcing the start of a gold liquidation: As expected, the massive global rout is shifting to the best … Continue reading

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If Bruce Lee Played Soccer

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Poll: Christians Are Much More Likely to Condone Violence Than Muslims or Atheists

Preface: I personally come from a Judeo-Christian background, and am not Muslim. This post is not criticizing Christians as whole as being violent, nor to promote atheism or any particular religion. As Christian writer and psychiatrist M. Scott Peck explained, … Continue reading

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Do Gold Prices Rise Whenever the Debt Ceiling is Raised?

Garry White argues: There is … an uncanny correlation between the gold price and the US debt ceiling. Over the past 30 years, the gold price has tracked the ceiling whenever it has been raised. Do you think the chart … Continue reading

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Fukushima Radiation Highest Ever, Exceeding Capacity of Measuring Device … Fuel Likely Leaking Out Of Containment Vessel

Things are – literally – heating up again at Fukushima: Tepco Says Highest Radiation Yet Is Detected at Fukushima Dai-Ichi 10+ sieverts per hour means there is direct exposure to fuel rods or spent fuel ponds: Australia’s former top radiation … Continue reading

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The Super Congress: Taxation Without Representation

Preface: I am wholly non-partisan, and think that both Republicans and Democrats are missing the boat on the debt debate. Indeed, the Super Congress is a bipartisan idea, and thus both parties are equally to blame. The top Democratic debt … Continue reading

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The Average Life Expectancy For A Fiat Currency Is 27 Years … Every 30 To 40 Years The Reigning Monetary System Fails And Has To Be Retooled

David Galland notes: Monetary scholar Edwin Vieira … pointed out that every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the … Continue reading

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Website Design: Clean and Crisp … Or Too Minimalist?

Thanks to everyone who responded to my request for help with website re-design and SEO. I’ve received for assistance from some very cool people. We here at Washington’s Blog have the collective web design skills of a single blind mole. … Continue reading

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“Even By American Legislative Standards, This Deal Is A Turkey And It’s Totally Appropriate That The New Bipartisan Congressional Committee Should Have To Report At Thanksgiving … This Bill Is An Expensive Lesson In What Might Be Termed The Investment Theory Of Political Parties: That Both Parties Represent Big Money Interests”

Tom Ferguson – professor of political science at the University of Massachusetts, Boston and a senior fellow of the Roosevelt Institute – with the quote of the day on the debt deal: Even by American legislative standards, this deal is … Continue reading

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Obama Still Wall Street’s Honey … Raises More (As Both Raw Amount And Percentage) From Wall Street Than In 2008

Money News notes: A just-released study by the Center for Responsive Politics shows that President Obama is relying more on Wall Street to fund his re-election this year than he did in 2008, according to CNBC, which obtained an advance … Continue reading

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Mainstream Media Is A Cheerleader for Fear

Painting by Anthony Freda: www.AnthonyFreda.com For facts documenting the unfortunate truth behind this image, see this and this.

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“Many Americans Believe That The 2008-2009 Downturn Never Ended”. They’re Right.

Msnbc notes: Many Americans believe that the 2008-2009 downturn never ended. *** The U.S. has entered a second recession. [Note: That this would happen has been obvious to anyone paying attention. See this and this.] It may not be as … Continue reading

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36-Year Congressman John Conyers Calls for Protest Against the Debt Deal: “Thousands of People [Should Mass] In Front Of The White House To Protest This”

Rep. Emanuel Cleaver (D-Missouri) said of the debt “compromise”: It looks like a Satan sandwich. Traditional conservatives such as Ron Paul are strongly opposed to the deal, and have warned Americans that this could spell the end of America as … Continue reading

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