Posts tagged Money
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.
Posted by chris
FBI SPECIAL AGENT TERRY REED TELLS ATTKISSON: “I WILL TELL YOU THAT DRUG CARTELS ARE BECOMING INCREASINGLY AGGRESSIVE IN TARGETING AND RECRUITING OFFICERS TO WORK WITH THEM”
Mexican drug cartels are using money, drugs and sex to pay off corrupt U.S. Border Patrol agents in order to smuggle drugs and people into the United States, CBS News Investigative Correspondent, Sharyl Attkisson reports this weekend on CBS SUNDAY MORNING WITH CHARLES OSGOOD.
“I will tell you that drug cartels are becoming increasingly aggressive in targeting and recruiting officers to work with them,” FBI Special Agent, Terry Reed, tells Attkisson. “They’re using cold war style tactics – money, sex, drugs – to convince officers to work with them and to help get their products and their people across the border.”
In the report, to be broadcast Jan. 13, 2013 on CBS SUNDAY MORNING (9:00 AM ET) on the CBS Television Network, Attkisson reveals that while the vast majority of the federal agents guarding the borders are honest, drug cartels are working harder than ever to infiltrate their ranks. A new Inspector General report lists 358 convictions of Customs and Border Protection agents and their associates since 2004. Misconduct complaints are up by more than 75%, Attkisson reports.
Reed tells Attkisson that one agent arrested for corruption was making $2,000 for every person smuggled across the border into the United States. He also says that the FBI is concerned that the cartels could collaborate with terrorist organizations to smuggle more than people across the border.
“It’s what keeps us up at night,” Reed says. “It’s what drives our behavior. Whether it’s a terrorist or the components to a dirty bomb being smuggled into the US, we know that these vehicles are not being inspected by corrupt officers – they’re being waved through the checkpoints.”
Attkisson’s report will be broadcast Jan. 13, 2013 on CBS SUNDAY MORNING (9:00 AM, ET) on the CBS Television Network. Rand Morrison is the executive producer.
Posted by Lew Rockwell
(Thanks to Travis Holte)
Representative Ron Paul (R-TX) Joins CNBC’s Money in Motion to discuss the impending fiscal cliff.
It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion.
Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal cliffs and the urgent need for unlimited bailouts by the Fed.
We hear the people begging for jobs and the politicians promising them, but politicians can’t create jobs. We see people camped out to buy stuff on Black Friday indicating the consumer economy is seemingly thriving, only to find out everything was bought on credit.
The corporate media does their best to distract us from seeing anything real. We see the media glorify Kim Kardashian who got rich by being famous, and became famous merely by being rich. She got front page coverage on Huffington Post this week because her cat died. Enough said.
Meanwhile the financial media makes the economy seem complicated and they ban anyone who speaks truthfully about the economy from their airwaves.
Is it any wonder why people are angry and confused about the economy?
Most people who pay attention to government stats are now wise to the fact that labor force data is just as important as the employment data in determining the unemployment rate. As pointed out by Santelli today, a few hundred thousand people were disappeared from the labor force to get the unemployment rate down below eight percent.
Even Reuters was forced to admit that the labor force decline was the real issue here. Although backers of the administration, predictably, are claiming that there’s momentum in the economy.
But just to get some perspective, let’s look at the government’s numbers on total payroll employment. The graph shows that with November’s numbers, employment is now back up 2006 levels. That is, we’re down 3.1 million jobs from the peak. Private-sector employment is even worse and is still at 2005 levels and is down 3.9 million from the peak. True, some people are leaving the work force as they retire, which means we now have more people on the dole. But even with retirees, we’re obviously not adding jobs for those entry-level people, which one can also guess from the massive employment among teenagers. One could also note that total private employment is barely above what it was back in 2000.
Robert Wenzel thinks the relatively positive numbers (in a short term analysis) reflect ongoing Fed pumping, and I agree with him, but even with QE3, we’re still looking at four to seven million unemployed people, and this also ignores the underemployed and those forced into part-time employment.
By John Nicol and Dave Seglins, CBC News
CN Rail nets $2.6M to move shipments nowhere
A CBC news investigation has uncovered a mystery involving unexplained shipments of biodiesel tanker cars moved between Canada and the United States, and back again, that were never unloaded.
According to leaked internal CN documents, the rail company stood to make $2.6 million for the effort.
“CN received shipping directions from the customer, which, under law, it has an obligation to meet,” CN Rail spokesperson Mark Hallman said last week. “CN discharged its obligations with respect to those movements in strict compliance with its obligations as a common carrier, and was compensated accordingly.”
When asked whether CN wasn’t helping to do something strange, Hallman responded: “CN met its obligations as a common carrier and we have no further comment.”
CN employees, although guarded, were more candid.
Don’t Tread On Me: Rise of the Republic – Full Movie
http://DontTreadOnMeMovie.com | Support the film makers, please purchase an offical copy with DVD extras and bonus material. From the Tea Party Movement to State Legislators, the American people are drawing a line in the sand. On what side of it will you stand? Has the government our Founders created been forgotten by Washington DC? Is a Patriot Uprising ready to capture the spirit of 1776? “Don’t Tread On Me: Rise of the Republic” gives the viewer a look into the movements, mindset, and legislation that will catapult the “Great Restoration” into households across America. What is the choke-collar the Federal Government uses to reign in the States? Are the States sovereign or subjects of Washington DC? What did the Founders foresee and how did they seek to protect us from a tyrannical government? “Don’t Tread On Me: Rise of the Republic” exposes the commerce clause, defines Sovereignty, the proper role of government, a Constitutional Militia and much more. “Don’t Tread On Me: Rise of the Republic” offers sound solutions to take back rights stolen by our out-of-control, despotic federal government. “Don’t Tread On Me: Rise of the Republic” will educate, inspire, and activate a nation desperately seeking direction. What side of the line will you stand?
More than $400,000 in taxpayer money wasted so far in November
Officials throughout Tennessee have wasted or misused more than $400,000 of taxpayer money, according to newly released reports that the State Comptroller’s Office released during the first half of November.
One county executive’s bookkeeper, for instance, withdrew taxpayer money and tried to cover up her actions. In another instance, two employees of another county stole scrap metal and other taxpayer-subsidized equipment.
In other instances, officials in various counties neglected to place competitive bids on purchases exceeding $10,000.
- The county mayor submitted two fraud-reporting forms to the state Comptroller’s Office in August related to four thefts that occurred at the Highway 113 convenience center this past summer. These thefts were reported to the Hawkins County Sheriff’s Department, and incident reports were completed. Approximately $600 worth of scrap metal, including chairs, lawn and garden equipment, and batteries, plus a surveillance camera were removed from the convenience center. In one instance, an employee resigned and was not charged. In the other three instances, a former employee was charged with three counts of burglary and one count of theft under $500. The former employee pled guilty to the burglary and theft charges in September and was ordered to pay $60 in restitution.
- The School Maintenance Department purchased three used vehicles for $9,999 each without obtaining formal bids. Three separate purchase orders were issued for these vehicles in August 2011, and three separate checks were written for payments in September 2011, to the same dealership, apparently in an attempt to circumvent the county’s purchasing requirements. It should be noted that based on a review of subsequent minutes, the Board of Education approved the purchase of two additional vehicles in July 2012 and August 2012 from the same dealership for $9,998 and $9,990.
- In March the school nutrition director informed auditors of suspected irregularities by the cafeteria manager. Several parents had expressed concerns about their child’s meal patterns because, in some instances, student accounts reflected no activity. Parents can subscribe to an online payment and monitoring program that allows parents to electronically deposit funds into their child’s account and to monitor their child’s eating and spending practices. The cafeteria manager admitted later that month to taking cafeteria funds and was placed on leave without pay status pending an investigation. The cafeteria manager’s employment was terminated in June. The cafeteria manager pled guilty in October to theft under $500, received one year of probation, and was fined $100.
Judge Napolitano discusses the constitutionality of California’s new environmental laws, under which homeowners may face up to six years in prison and fines of $100,000 dollars a day for washing a car in the driveway, or failure to clean up after the dog.