inconvenient facts

In watching the massive media coverage and the reaction to the brutal bombing at the finish line of the Boston Marathon, the wise poem “To A Louse…” composed in 1785 by the Scottish poet Robert Burns came to me:

“O wad some Pow’r the giftie gie us/ To see oursels as ithers see us!”

English translation:
“And would some Power the small gift give us/To see ourselves as others see us!”

What must the “ithers” in the Middle East theatre of the American Empire think of a great city in total lockdown from an attack by primitive explosives when Iraqis, Afghans, Pakistanis and Yemenis experience far greater casualties and terror attacks several times a week? Including what they believe are terror attacks by U.S. drones, soldiers, aircraft and artillery that have directly killed many thousands of innocent children, women and men in their homes, during funeral processions and wedding parties, or while they’re working in their fields.

U.S. Dictating Canada’s Intellectual Property Laws

In March, the Canadian government introduced a bill that would bring about sweeping changes to its copyright and trademark laws. This includes giving more power to customs and border protection agents without any judicial oversight. The move is intended to prevent counterfeit goods from entering the country, but has been criticized for being less about protecting Canadians and more about caving to American demands. With the U.S. dictating global intellectual property standards, the new legislation represents the return of ACTA and would pave the way for Canada to ratify the controversial international treaty.

The Global Financial System is Insolvent

Ponzinomics

Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme.

Former Reagan budget director David Stockton just agreed:

So did a top Russian con artist and mathematician.

Even the New York Times’ business page asked, “Was [the] whole economy a Ponzi scheme?”

Nuclear Plants Should Be Phased Out -

“Can’t Guarantee Against Accident Causing Widespread Land Contamination”

Nuclear Regulators Just “Rolling the Dice” 

Energy intelligence reports: 

Former Nuclear Regulatory Commission (NRC) Chairman Gregory Jaczko says that the current fleet of operating plants in the US should be phased out because regulators can’t guarantee against an accident causing widespread land contamination. In two key decisions last week Jaczko said the agency “damaged significantly” its international reputation for upholding safety and he accused the five commissioners of “just rolling the dice” in dealing with severe accidents.

In America truth is offensive. If you tell the truth, you are offensive.

I am offensive. Michael Hudson is offensive. Gerald Celente is offensive. Herman Daly is offensive. Nomi Prins is offensive. Pam Martens is offensive. Chris Hedges is offensive. Chris Floyd is offensive. John Pilger is offensive. Noam Chomsky is offensive. Harvey Silverglate is offensive. Naomi Wolf is offensive. Stephen Lendman is offensive. David Ray Griffin is offensive. Ellen Brown is offensive.

Many giant profitable U.S. corporations are increasingly abandoning America while draining it at the same time.

General Electric, for example, has paid no federal income taxes for a decade while becoming a net job exporter and fighting its hard-pressed workers who want collective bargaining through unions like the United Electrical Workers Union (UE). GE’s boss, Jeffrey Immelt, makes about $12,400 an hour on an 8-hour day, plus benefits and perks, presiding over this global corporate empire.

Cyprus-Style “Bail-Ins” Proposed by Ottawa Government

The politicians of the western world are coming after your bank accounts. In fact, Cyprus-style “bail-ins” are actually proposed in the new Canadian government budget. When I first heard about this I was quite skeptical, so I went and looked it up for myself. And guess what? It is right there in black and white on pages 144 and 145 of “Economic Action Plan 2013? which the Harper government has already submitted to the House of Commons.

The Bank Confiscation Scheme for US and UK Depositors

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.

Pressure is mounting on Canada to finish up a long-delayed trade deal with the EU. Despite outstanding issues that still must be settled, there is a final push to try and complete an agreement this summer. If both sides are able to secure a deal, it would lay the groundwork for the proposed U.S.-EU trade pact. There is the possibility that the U.S.-EU transatlantic trade talks could also include the other NAFTA partners and maybe even other countries. Mexico has already shown interest in joining and if Canada can’t put the final touches on their own agreement with the EU, they might also be part of the negotiations. This would facilitate plans for a coming NAFTA-EU free trade zone and the formation of a transatlantic economic union.

One of the many things that Hugo Chavez, the charismatic and revolutionary president of Venezuela contributed to the world was his demonstration for people everywhere the difference between democracy and liberal democracy. Chavez’s hyperbolic style, his tweaking the tail of the Imperial tiger and his willingness to be just as ruthless as his US-backed opponents, gave Western leaders and journalists lots of ammunition to demonize him.

EU Summit Sparks Run on Cyprus Banks

It took until Saturday morning for the European summit to agree to a much reduced €10 billion ($13 billion) loan to bail out the banks in Cyprus, the fifth euro zone country after Greece, Ireland, Portugal and Spain to apply for aid. 

Within hours, the decision to levy a tax on Cyprus bank deposits to pay for the rescue package resulted in a stampede to withdraw cash from the country’s banks via ATMs.

At a time when much of the world is looking with a mix of envy and excitement at the recent boom in USA unconventional gas from shale rock, when countries from China to Poland to France to the UK are beginning to launch their own ventures into unconventional shale gas extraction, hoping it is the cure for their energy woes, the US shale boom is revealing itself to have been a gigantic hyped confidence bubble that is already beginning to deflate. Carpe diem!

America: The New Saudi Arabia?

If we’re to believe the current media reports out of Washington and the US oil and gas industry, the United States is about to become the “new Saudi Arabia.” We are told she is suddenly and miraculously on the track to energy self-sufficiency.

The whole issue of the housing bubble, its extent and whether there will be a soft landing as predicted by many wishful thinkers has resulted in many interesting headlines in recent weeks – including some high on the delusional scale. One suggested that house prices are a mere 20% overvalued (if you believe that, I have a bridge to sell you). Another that Marc Carney, having solved the housing bubble issue, was now moving on to an allegedly different issue: economic growth. Into this mix rode the cowboy of the big Canadian banks, the Bank of Montreal (BMO), with a replay of its irresponsible low interest rate of 2.99% for a five year mortgage. The last time it did this, for a couple of months in early 2012, it scooped $7 billion in mortgage business.

The U.S. and EU have agreed to launch negotiations on what would be the world's largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year. A U.S.-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.

For those who missed President Obama’s latest giveaway to the Bank Mafia, we’ll repeat what he said here.

 This is an excerpt from his recent State of the Union Speech:

“Part of our rebuilding effort must also involve our housing sector. Today, our housing market is finally healing from the collapse of 2007. Home prices are rising at the fastest pace in six years, home purchases are up nearly 50 percent, and construction is expanding again.

But even with mortgage rates near a 50-year low, too many families with solid credit who want to buy a home are being rejected. Too many families who have never missed a payment and want to refinance are being told no. That’s holding our entire economy back, and we need to fix it. Right now, there’s a bill in this Congress that would give every responsible homeowner in America the chance to save $3,000 a year by refinancing at today’s rates. Democrats and Republicans have supported it before. What are we waiting for? Take a vote, and send me that bill. Right now, overlapping regulations keep responsible young families from buying their first home. What’s holding us back? Let’s streamline the process, and help our economy grow.”

Cyber Intelligence Sharing and Protection Act (CISPA) Is Back

It shouldn’t surprise. The 2011 Cyber Intelligence Sharing and Protection Act (CISPA) never really went away. It ducked and covered for another day.

It’s more about destroying personal freedom than online security. It gives government and corporate supporters unlimited power to access personal/privileged information online.