NSA Spying on Americans Now Explained and Justified (Well, almost)
As most Americans are taking in the deluge of stories regarding the NSA wiretapping, spying and data mining through all the major internet and phone providers plus the social media organizations, one must think that George Orwell was right, just 30 or so years off on his pick for the title for his novel 1984, as was predicted. Although it would appear many in government consider this book a very useful training manual, that is not the case. In fact, it should have been a warning to the citizens, but they seemed to have missed this point while religiously worshiping such mind opening sagas as Dancing With The Stars and a slew of reality shows.
This afternoon I read a post that shed light regarding the spying inside America on Americans, and I now see how this action may truly be used against the war on terror as we have been told time and again.
This post by Weasel Zippers of an interview on NBC News Chief Foreign Affairs Correspondent Andrea Mitchell and Director of National Intelligence James Clapper opened my eyes. I now have a better understanding of the true “War on Terror” that the internal spying is all about.
As posted by Weasel Zippers:
NBC: “Why Do You Need Every Telephone Number?” – DNI Chief Clapper: “Well, You Have To Start Someplace”…
Really? — That’s where you need to start?
JUNE 9, 2013 — NBC News Chief Foreign Affairs Correspondent Andrea Mitchell sat down with Director of National Intelligence James Clapper yesterday for an exclusive wide-ranging interview to discuss recent revelations about government surveillance programs and the impact of leaks on national security. [...]
ANDREA MITCHELL: Why do you need every telephone number? Why is it such a broad vacuum cleaner approach?
JAMES CLAPPER: Well, you have to start someplace. If– and over the years that this program has operated, we have refined it and tried to– to make it ever more precise and more disciplined as to which– which things we take out of the library. But you have to be in the– in the– in the chamber in order to be able to pick and choose those things that we need in the interest of protecting the country and gleaning information on terrorists who are plotting to kill Americans, to destroy our economy, and destroy our way of life.
HT: Justin Brookman
Now I understand, and hope you do also. We agree, I hope, that the government’s two main jobs should be to protect the freedom and liberty of it’s people and protect the people’s property and way of life from undue and unwanted influence. Still not sure? Let us look at this justification for government surveillance, as mentioned in the interview, one point at a time.
Actions of terrorist that the surveillance is in place for:
- Plotting to kill Americans, we should all agree, no matter where it comes from, such as drone strikes or even FBI plots foiled by the FBI .
- To destroy our economy, I think we all agree, so surveillance on the Federal Reserve banks are justified.
- Destroy our way of life, which I think we will also agree, so surveillance on the TSA is also justified.
Now, I do not agree on the spying, data mining, surveillance and intrusion taking place on all Americans old enough to walk and talk, but I can now understand that there is truly a need for NSA surveillance inside our shores, not even going to bring up the State Department or indiscretions in the past. Cheering on and fully supporting the NSA mission as it eliminates the drone warfare and any possibility of use on Americans, ends the FED with the BIS control and abolishes the TSA! What is next for the NSA? I might suggest expanding the targets that destroy our way of life, such as the IRS :) After that we can toast a cheer, say a legitimate “Mission Accomplished” and move on to the rest of the list, such as possibly the EPA, Department of Education, and stopping China from taking over our communities one at a time. Just a thought. Perhaps it all about the good will? Actually, the “good will” link explains it best in my opinion, along with the need for some parody during these Stasi times we find ourselves in.
Your thoughts? Feel free to enter them below.
By Ron Paul
Iraq Collapse Shows Bankruptcy of Interventionism
May was Iraq’s deadliest month in nearly five years, with more than 1,000 dead – both civilians and security personnel — in a rash of bombings, shootings and other violence. As we read each day of new horrors in Iraq, it becomes more obvious that the US invasion delivered none of the promised peace or stability that proponents of the attack promised.
Millions live in constant fear, refugees do not return home, and the economy is destroyed. The Christian community, some 1.2 million persons before 2003, has been nearly wiped off the Iraqi map. Other minorities have likewise disappeared. Making matters worse, US support for the Syrian rebels next door has drawn the Shi’ite-led Iraqi government into the spreading regional unrest and breathed new life into extremist elements.
The invasion of Iraq opened the door to Al-Qaeda in Iraq, which did not exist beforehand, while simultaneously strengthening the hand of Iran in the region. Were the “experts” who planned for and advocated the US attack really this incompetent?
Ryan Crocker, who was US Ambassador to Iraq from 2007-2009, still speaks of the Iraqi “surge” as a great reconciliation between Sunni and Shi’ite in Iraq. He wrote recently that “[t]hough the United States has withdrawn its troops from Iraq, it retains significant leverage there. Iraqi forces were equipped and trained by Americans, and the country’s leaders need and expect our help.” He seems alarmingly out of touch with reality.
It is clear now that the “surge” and the “Iraqi Awakening” were just myths promoted by those desperate to put a positive spin on the US invasion, which the late General William Odom once called, “the greatest strategic disaster in American history.” Aircraft were loaded with $100 dollar bills to pay each side to temporarily stop killing US troops and each other, but the payoff provided a mere temporary break. Shouldn’t the measure of success of a particular policy be whether it actually produces sustained positive results?
Now we see radical fighters who once shot at US troops in Iraq have spilled into Syria, where they ironically find their cause supported by the US government! Some of these fighters are even greeted by visiting US senators.
The US intervention in Iraq has created ever more problems. That is clear. The foreign policy “experts” who urged the US attack on Iraq now claim that the disaster they created can only be solved with more interventionism! Imagine a medical doctor noting that a particular medication is killing his patient, but to combat the side effect he orders an increase in dosage of the same medicine. Like this doctor, the US foreign policy establishment is guilty of malpractice. And, I might add, this is just what the Fed does with monetary policy.
From Iraq to Libya to Mali to Syria to Afghanistan, US interventions have an unbroken record of making matters far worse. Yet regardless of the disasters produced, for the interventionists a more aggressive US foreign policy is the only policy they offer.
We must learn the appropriate lessons from the disaster of Iraq. We cannot continue to invade countries, install puppet governments, build new nations, create centrally-planned economies, engage in social engineering, and force democracy at the barrel of a gun. The rest of the world is tired of US interventionism and the US taxpayer is tired of footing the bill for US interventionism. It is up to all of us to make it very clear to the foreign policy establishment and the powers that be that we have had enough and will no longer tolerate empire-building. We should be more confident in ourselves and stop acting like an insecure bully.
Basel III: How The Bank For International Settlements Is Going To Help Bring Down The Global Economy0
Basel III: How The Bank For International Settlements Is Going To Help Bring Down The Global Economy
A new set of regulations that most people have never even heard of that was developed by an immensely powerful central banking organization that most people do not even know exists is going to have a dramatic effect on the global financial system over the next several years. The new set of regulations is known as “Basel III”, and it was developed by the Bank for International Settlements. The Bank for International Settlements has been called “the central bank for central banks”, and it is headquartered in Basel, Switzerland. 58 major central banks (including the Federal Reserve) belong to the Bank for International Settlements, and the decisions made in Basel often have more of an impact on the direction of the global economy than anything the president of the United States or the U.S. Congress are doing. All you have to do is to look back at the last financial crisis to see an example of this. Basel II and Basel 2.5 played a major role in precipitating the subprime mortgage meltdown.
Now a new set of regulations known as “Basel III” are being rolled out. The implementation of these new regulations is beginning this year, and they will be completely phased in by 2019. These new regulations dramatically increase capital requirements and significantly restrict the use of leverage. Those certainly sound like good goals, the problem is that the entire global financial system is based on credit at this point, and these new regulations are going to substantially reduce the flow of credit. The only way that the giant debt bubble that we are all living in can continue to persist is if it continues to expand. By restricting the flow of credit, these new regulations threaten to burst the debt bubble and bring down the entire global economy.
Not that the current global financial system is sustainable by any means. Anyone with half a brain can see that the global financial system is a pyramid scheme that is destined to collapse. But Basel III may cause it to collapse faster than it might otherwise have.
So precisely what is Basel III? The following is a definition from the official website of the Bank for International Settlements…
“Basel III” is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector. These measures aim to:
- improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source
- improve risk management and governance
- strengthen banks’ transparency and disclosures.
All of that looks good at first glance. But when you start looking into the details you start realizing what it is going to mean for the global financial system. Banks are going to be required to have higher reserve ratios and use less leverage. Banks are going to have to be more careful with their money, which is a good thing, but it is also going to mean that credit will not flow as freely. Unfortunately, the only way for a debt bubble to survive is if it keeps expanding. Anything that restricts the flow of easy money threatens to bring a debt bubble to an end.
These new regulations are going to be phased in between 2013 and 2019. You can see a chart which shows the implementation schedule for the Basel III regulations right here.
So why is bringing the debt bubble to an end a bad thing?
Well, because it will cause the false prosperity that we have been enjoying to disappear, and that will be an exceedingly painful adjustment.
Sadly, most people have no idea what is happening. Most people have never even heard of “Basel III” or “the Bank for International Settlements”. Most people just assume that the people they voted into office know what they are doing and have everything under control.
Unfortunately, that is not the case at all. Read more
This unelected, unaccountable body of central bankers played a major role in bringing about the last financial crisis. The following is a brief excerpt from a recent article posted on Before It’s News…
If you have any questions about the power of these Basel Banking Regulations you can also see the effects that Basel II and 2.5, mark to market accounting, had on the Housing Markets in the United States of America in 2008. There were many causes for that housing bubble, then housing crisis, but Basel II and 2.5 was most assuredly the pin that popped the housing bubble that led to the financial crisis of 2008-09.
But do most people know about this?
Of course not. Most people want to blame the Republicans or the Democrats or Bush or Obama, and they have no idea about the financial strings that are being pulled at the highest levels.
It is so important that we get people educated about how the global financial system actually works. The following is a summary of how the Bank for International Settlements works from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that “it is not accountable to any single national government.“ The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”. During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.
Even though most people have never even heard of the BIS, the truth is that the global elite have had big plans for it for a very long time. In another article I included a quote from a book that Georgetown University history professor Carroll Quigley wrote many years ago entitled “Tragedy & Hope”…
[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.
Today we have such a system, and most of the public does not even know that it exists.
And when the next great financial crisis strikes, there will probably be very little ever said about the Bank for International Settlements in the mainstream media.
But right now the BIS is helping set the stage for the great credit crunch that is coming.
Get prepared while you still can, because time is running out.
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
By Alex Newman
A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview withThe New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.
Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”
According to the peer-reviewed paper, which presented the first global investigation of ownership architecture in the international economy, transnational corporations form a “giant bow-tie structure.” A large portion of control, meanwhile, “flows to a small tightly-knit core of financial institutions.” The researchers described the core as an “economic ‘super-entity’” that raises important issues for policymakers and researchers. Of course, the implications are enormous for citizens as well.
Hudes, an attorney who spent some two decades working in the World Bank’s legal department, has observed the machinations of the network up close. “I realized we were now dealing with something known as state capture, which is where the institutions of government are co-opted by the group that’s corrupt,” she told The New American in a phone interview. “The pillars of the U.S. government — some of them — are dysfunctional because of state capture; this is a big story, this is a big cover up.”
At the heart of the network, Hudes said, are 147 financial institutions and central banks — especially the Federal Reserve, which was created by Congress but is owned by essentially a cartel of private banks. “This is a story about how the international financial system was secretly gamed, mostly by central banks — they’re the ones we are talking about,” she explained. “The central bankers have been gaming the system. I would say that this is a power grab.”
The Fed in particular is at the very center of the network and the coverup, Hudes continued, citing a policy and oversight body that includes top government and Fed officials. Central bankers have also been manipulating gold prices, she added, echoing widespread concerns that The New American has documented extensively. Indeed, even the inaccurate World Bank financial statements that Hudes has been trying to expose are linked to the U.S. central bank, she said.
“The group that we’re talking about from the Zurich study — that’s the Federal Reserve; it has some other pieces to it, but that’s the Federal Reserve,” Hudes explained. “So the Federal Reserve secretly dominated the world economy using secret, interlocking corporate directorates, and terrorizing anybody who managed to figure out that they were having any kind of role, and putting people in very important positions so that they could get a free pass.”
The shadowy but immensely powerful Bank for International Settlements serves as “the club of these private central bankers,” Hudes continued. “Now, are people going to want interest on their country’s debts to continue to be paid to that group when they find out the secret tricks that that group has been doing? Don’t forget how they’ve enriched themselves extraordinarily and how they’ve taken taxpayer money for the bailout.”
As far as intervening in the gold price, Hudes said it was an effort by the powerful network and its central banks to “hold onto its paper currency” — a suspicion shared by many analysts and even senior government officials. The World Bank whistleblower also said that contrary to official claims, she did not believe there was any gold being held in Fort Knox. Even congressmen and foreign governments have tried to find out if the precious metals were still there, but they met with little success. Hudes, however, believes the scam will eventually come undone.
“This is like crooks trying to figure out where they can go hide. It’s a mafia,” she said. “These culprits that have grabbed all this economic power have succeeded in infiltrating both sides of the issue, so you will find people who are supposedly trying to fight corruption who are just there to spread disinformation and as a placeholder to trip up anybody who manages to get their act together.… Those thugs think that if they can keep the world ignorant, they can bleed it longer.”
Of course, the major corruption at the highest levels of government and business is not a new phenomenon. Georgetown University historian and Professor Carroll Quigley, who served as President Bill Clinton’s mentor, for example, wrote about the scheme in his 1966 book Tragedy And Hope: A History Of The World In Our Time. The heavyweight academic, who was allowed to review documents belonging to the top echelons of the global establishment, even explained how the corrupt system would work — remarkably similar to what Hudes describes.
“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole,” wrote Prof. Quigley, who agreed with the goals but not the secrecy. “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
But it is not going to happen, Hudes said — at least not if she has something do to with it. While the media are dominated by the “power grabber” network, Hudes has been working with foreign governments, reporters, U.S. officials, state governments, and a broad coalition of fellow whistleblowers to blow the entire scam wide open. There has been quite a bit of interest, too, particularly among foreign governments and state officials in the United States.
Citing the wisdom of America’s Founding Fathers in creating a federal system of government with multiple layers of checks and balances, Hudes said she was confident that the network would eventually be exposed and subjected to the rule of law, stopping the secret corruption. If and when that happens — even if it may be disorderly — Hudes says precious metals will once again play a role in imposing discipline on the monetary system. The rule of law would also be restored, she said, and the public will demand a proper press to stay informed.
“We’re going to have a cleaned-up financial system, that’s where it is going, but in the meantime, people who didn’t know how the system was gamed are going to find out,” she said. “We’re going to have a different kind of international financial system…. It’ll be a new kind of world where people know what’s going on — no more backroom deals; that’s not going to keep happening. We’re going to have a different kind of media if people don’t want to be dominated and controlled, which I don’t think they do.”
While Hudes sounded upbeat, she recognizes that the world is facing serious danger right now — there are even plans in place to impose martial law in the United States, she said. The next steps will be critical for humanity. As such, Hudes argues, it is crucial that the people of the world find out about the lawlessness, corruption, and thievery that are going on at the highest levels — and put a stop to it once and for all. The consequences of inaction would be disastrous.
How Crony Capitalism Corrupts the Free Market
Posted by Ryan W. McMaken
The Monarchs of Money
The world’s central banks have printed unimaginable amounts of money in recent years. Neil Macdonald explores what this means for the global economy and for your financial well-being.
Republished with permission.
On Monday, Ron Paul continued his examination of failed Fed policies in his latest “Texas Straight Talk”.
Dr. Paul said:
Although many were up in arms when the Fed said it would buy $600 billion in government debt outright for the previous round, QE2, all seems quiet about the magnitude of QE3 because it doesn’t come with huge up-front total price tag. But by year’s end the Fed’s balance sheet could hit $4 trillion.
With no recovery in sight, where’s all this money going? It is creating bubbles. Bubbles in the housing sector, the stock market, and government debt.
The stock market has been hitting record highs for the past two months as investors seek to capitalize on the Fed’s easy money. After all, as long as the Fed keeps the spigot open, nominal profits are there for the taking. But this is a house of cards. Eventually, just like in 2008-2009, the market will discipline the bad actions of the Fed and seek to find the real normal.
Here’s the full broadcast:
Ostensibly a lower gold price would solve the problem Bernanke has. Demoralized gold bugs would be forced out of their holdings through margin calls. Disillusioned investors would shun gold. This would make physical gold available to rescue the strapped gold futures market.
In fact, however, a lower gold price is making the problem more intractable, not less. The Fed is diving from the frying pan into the fire. This is the point missed by almost all observers and market analysts. They ignore the underlying flight into physical gold that continues unabated, in spite of (or, better still, because of) the panic in the paper gold market. The Fed’s intervention in bankrolling short interest is going to back-fire, for the following simple reason. The Fed’s strategy is inherently contradictory. A lower price for paper gold makes it easier, not harder, to demand delivery on maturing futures contracts.
- Professor Antal E. Fekete
Of all the articles I have read since the attack on the precious metals markets, this piece by Professor Fekete is the best one yet. I completely agree that this was an extremely desperate and brazen attempt by the Central Planners, one that is quite clearly backfiring big time. My favorite excerpts are below:
In waking up too late that there was a problem after gold futures markets have been flirting with backwardation for a year or so, officialdom was forced to act. Act it did in a typically haphazard fashion. A few days ago, on April 12 and 15 the paper gold market was demoralized by a ferocious attack on the lofty gold price. This in and of itself is proof that Bernanke is fully aware that permanent gold backwardation is imminent, and that it will create and unmanageable situation. It’s got to be stopped in its track at all hazards.
Well, well, well. Gold is not the same as frozen pork bellies after all. The Hydra is not taking it lying down. The kid gloves have finally come off.
Bernanke is trying to stop gold backwardation by selling unlimited amount of gold futures contracts through his stooges, the bullion banks. He is underwriting losses they are certain to suffer in due course. We can take it for granted that they haven’t got the gold to make delivery on their contracts. In fact, delivery of gold will be suspended under the force majeure clause. Short positions will have to be settled in cash, to be made available by the Fed’s printing presses. Gold futures trading will be a thing of the past.
Image added to original post.
I’ve posted before on the purchasing power of the silver quarter from 1964. Here’s an interesting item The Internet cooked up recently:
Here’s the breakdown:
The minimum wage in 1964 was raised to $1.15 in September; pretty close to the five quarters. The exact exchange would be four quarters and one and a half dimes, which today (March 4, 2013) equals $23.81, or more than three times the current federal minimum wage of $7.25.
Interestingly enough, those coins contain 0.83 oz. of silver (along with some copper), which is equal to $23.78; pretty close to the $23.81 above.
The same $1.15 of goods in 1964 would cost a consumer $8.54 today, an increase of more than 700 percent. So in order to provide the same purchasing power the minimum wage would have to be closer to fifty bucks an hour.
Something else to consider is that roughly 1/4 of the minimum wage at the time would buy a gallon of gas ($0.30/ gallon). Today it takes closer to 1/2 of the minimum wage to buy a gallon ($3.74/ gallon).
Of course the answer is not to raise the minimum wage, but instead to put an end to central bank money creation and allow competition in currency.
By Katie Glueck
Former presidential candidate Ron Paul, a longtime foe of the Federal Reserve and champion of a smaller foreign policy footprint, is turning to education in a new book slated for release this fall.
In “New School Manifesto,” scheduled for a Sept. 17 release from Grand Central Publishing, the former GOP congressman from Texas will promote home schooling and “free market principles applied to education,” according to an official book description.
“He makes the case for individual freedoms as they pertain to educating our children, and nimbly dissects the most pressing issues that need to be addressed from the libertarian point of view,” the description continues.
This will be Paul’s fourth book with Grand Central Publishing, following “Liberty Defined,” “End the Fed” and “The Revolution: A Manifesto,” his editor, Ben Greenberg, told POLITICO. Greenberg said the book has been in the works for close to a year, and that a deal for its publication was hammered out in January.
In this book, Greenberg said, Paul will compare the postal service to the education system, arguing that in both realms, competition promotes better services.
“He’s basically saying the postal service didn’t have many competitors until FedEx, UPS and email, obviously, and now it’s changing the way everything gets done,” Greenberg said. “He’s arguing for that in education as well.”
Paul will address a variety of education policy proposals, he said.
“He’s taking the position that a parent should have the ability to choose what is best,” Greenberg said, a philosophy that would include home schooling.
Greenberg, who has edited all of Paul’s books done through Grand Central Publishing, said the Texan is “really easy to work with” and doesn’t require heavy editing.
“We usually do two to three edits for the main script, but not much,” Greenberg said. “His ideas are pretty fully formed. It’s just a matter of honing in and making sure everything is in the right order and just figuring out how to best say the message without becoming too repetitive or anything like that.”
Also on deck for the libertarian former lawmaker: talk radio. Courtside Entertainment Group announced this month that in March, Paul will offer “twice daily one-minute radio commentaries” with his talks also available as a weekly podcast.
“Even if you don’t agree with what he says, he always makes you think about things a little bit differently,” Greenberg added.