Jul 172012
 

 

By greydogg, 99GetSmart

* REGULATORS SLEEP WITH INDUSTRY PROSTITUTES … WHILE THEY PIMP OUT THE AMERICAN PEOPLE

Source: Washington’s Blog

[…] Government Exists to “Serve” Banks

The chairman of the House banking committee says the role of Congress and federal regulators is to “serve” financial institutions. Two other powerful congressmen say that banks “own” Congress.

There’s no recovery because the government made it official policy not to prosecute fraud (and see this, this, this, and this).

The cop is on the take … and the government’s only actions are to cover up the fraud (and see this) and to leave the people holding the bag.

When New York Federal Reserve boss (now Treasury Secretary) Tim Geithner learned about the Libor scandal – he didn’t do anything …  he simply parroted the banks’ own recommendations.

Indeed, the banks wrote the financial “reform” legislation, and “own” the regulatory apparatus.

Not only are the regulators are wholly captured, bought and paid for and figuratively  in bed with the people they’re supposed to regulate, they are – as show above – literally in bed with them. […]

READ @ http://www.washingtonsblog.com/2012/07/regulators-sleep-with-industry-provided-prostitutes-while-they-pimp-out-the-american-people.html

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* BRADLEY MANNING – AMERICAN HERO. CENK UYGUR AT OccupyLA

Source: The Young Turks

Private Bradley Manning has been imprisoned and tortured for challenging our government. The mainstream media have either ignored Manning or condemned him as a criminal, even though (or because) he did their job better than they do. At a speech to OccupyLA on July 14, 2012, Cenk Uygur of The Young Turks explains why Manning should be considered an American hero, calls for his release, and explains the failure of the mainstream media in questioning power and authority.

VIDEO @ http://www.youtube.com/watch?v=E0Ni7vlx9wA&feature=player_embedded

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*  CNN ON THE IRAN THREAT

By Glenn Greenwald, Salon

Late last week, CNN’s The Situation Room, starring Wolf Blitzer, reported on what Blitzer described as “an ominous new warning coming in from the Pentagon: Iran’s missiles are getting more accurate, apparently getting more deadly as well.” He then called on CNN’s Pentagon correspondent, Chris Lawrence (“What are you learning, Chris?”), and a truly brilliant line was unveiled:

CHRIS LAWRENCE, CNN PENTAGON CORRESPONDENT: Well, Wolf, Iran’s missiles are getting more accurate, but they may not have to be because they are also getting more deadly. By that I mean they’re developing a new payload system that spreads out the destruction over a wider area than a solid warhead. . . .

The Pentagon report says Iran is developing short-range missiles that can identify ships at sea and maneuver towards them in mid-flight. And Iran already has a missile that could reach the U.S. if it could put it on a ship and move it to within 600 miles of the American coastline.

I’d like to repeat that: “Iran already has a missile that could reach the U.S.”!!!! (“if it could it put on a ship and move it to within 600 miles of the American coastline”). As As’ad AbuKhalil observed about these frightening Iranian missiles: ”They can also reach the moon if they can put it on a rocket and get closer to the moon.” Indeed, I’m excited to announce that I’m writing today from within walking distance to the peak of Mount Everest! (if someone transports me and my laptop by jet and then helicopter to within 500 yards or so of the top of that mountain). […]

READ @ http://www.salon.com/2012/07/16/cnn_on_the_iran_threat/

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* HIDDEN GOVERNMENT SCANNER WILL INSTANTLY KNOW EVERYTHING ABOUT YOU FROM 164 FEET AWAY

Source: Agonist

Within the next year or two, the U.S. Department of Homeland Security will instantly know everything about your body, clothes, and luggage with a new laser-based molecular scanner fired from 164 feet (50 meters) away. From traces of drugs or gun powder on your clothes to what you had for breakfast to the adrenaline level in your body—agents will be able to get any information they want without even touching you.

And without you knowing it.

[…]

The machine is ten million times faster—and one million times more sensitive—than any currently available system. That means that it can be used systematically on everyone passing through airport security, not just suspect or randomly sampled people.

[…]

Going well beyond eavesdropping, it seems quite possible that U.S. government plans on recording molecular data on travelers without their consent, or even knowledge that it’s possible—a scary thought. While the medical uses could revolutionize the way doctors diagnose illness, and any technology that could replace an aggressive pat-down is tempting, there’s a potential dark side to this implementation, and we need to shine some light on it before it’s implemented. […]

READ @ http://agonist.org/20120712/hidden_government_scanners_will_instantly_know_everything_about_you_from_164_feet_away

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* DEFECTIVE GOVERNMENT BY DESIGN

By Barry Ritholtz, The Big Picture

We live in an era of defective government.

This corruption is not an accident. It is the product of years of very patient work. It has been brought about through expensive lobbying, relentless propaganda, agnotology. You can see it in this election cycle, where 196 Americans — 0.000063% of the population — have given more than 80% of Super PAC dollars.

Is it democracy or plutocracy when less than 200 people drive election spending in a nation of 300 million?

Previously, we have pointed out how brazen the lobbying has been to actually cut the SEC enforcement budget. This has created an agency that is defective by design. Take a guess who loses in the battle between you, the individual taxpayer versus the corporation.

Wall Street has taken advantage of the crisis and morphed into a cartel. The tragedy is the only entity that is large and powerful enough to offset their wealth and power are national governments. Yet where ever we look, we see that government has been corrupted and rendered neutered by corporations: […]

READ @ http://www.ritholtz.com/blog/2012/07/defective-government-by-design/

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* THESE 12 CITIES ARE EXAMPLES OF WHAT THE REST OF AMERICA WILL LOOK LIKE SOON

Source: Economy in Crisis

Do you want to see where this country is headed?  If so, don’t focus on the few areas that are still very prosperous.  New York City has Wall Street, Washington D.C. has the federal government and Silicon Valley has Google and Facebook.  Those are the exceptions.  The reality is that most of the country has been experiencing a slow decline for a very long time and once thriving cities such as Gary, Indiana and Flint, Michigan have completely deteriorated .  They are examples of what the rest of America will look like soon.  60 years ago, most Americans were decent, hard working people and there were always good jobs available for anyone that was willing to roll up his or her sleeves and put in an honest day of work.  But now all of that has changed.  Over the past decade, tens of thousands of manufacturing facilities have shut down and millions of jobs have left the country.  Cities such as Cleveland, Baltimore and Detroit were once shining examples of everything that was right about America, but now they stand out like festering sores.  The “blue collar cities” have been hit the hardest by the gutting of our economic infrastructure.  There are many communities in America today where it seems like all of the hope and all of the life have been sucked right out of them.  You can see it in the eyes of the people.  The good times are gone permanently and they know it.  Unfortunately, the remainder of the country will soon be experiencing the despair that those communities are feeling.

[…]

If you can believe it, 53.6% of all children in Detroit are living in poverty, and only 25 percent of all students in Detroit graduate from high school at this point.

And as I wrote about recently, justifiable homicide in Detroit increased by a whopping 79 percent during 2011, and the rate of self-defense killings in Detroit is now approximately 2200% above the national average.

Is it any wonder that you can still buy a house for $100 in some areas of Detroit?

The truth is that many areas of Detroit now resemble a post-apocalyptic wasteland.

[…]

Flint once supported hordes of middle class workers thanks to a thriving auto industry, but today it is a just a rotting shell.  It looks like a war went through it and nobody bothered to clean up the mess.

At this point, the murder rate in Flint, Michigan is worse than the murder rate in Baghdad.  That is how nightmarish things have become in Flint.

[…]

America is rotting from the inside out, and if we are ever going to find any solutions we need to start admitting how bad things have really become.

The truth is that our problems are not limited to one political party, one special interest group or to one region of the country.  The social decay that is plaguing America can literally be found everywhere. […]

READ @ http://economyincrisis.org/content/these-12-cities-are-examples-of-what-the-rest-of-america-will-look-like-soon

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* EXPLORING AMERICA’S GHOST TOWN — GARY, INDIANA

Source: RT

RT’s Anastasia Churkina travels to Gary, Indiana — America’s ghost town, one of the most dangerous places in the country that used to boom with industry and is now an urban desert. This is what happens when industry leaves and there are no jobs.  Gary has become a wasteland and there is essentially no hope for a turnaround.

VIDEO @ http://www.youtube.com/watch?feature=player_embedded&v=BkTAYzbBIOA

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