Always presented as an American "Christmas Carole". Frank Capra's 1946 classic can now be acknowledged as an "outing" of the international bankers scheme to bankrupt and control the masses. This clip of the "bank run" is frighteningly topical
• When you see the boys sledding near the beginning of the movie, there’s a lot going on here. First of all, all of them are wearing caps with skull and crossbones. That’s because they all belong to a secret club (boys only, I’m sure). And among the boys there are Ernie and Sam Wainwright. Ernie isn’t ever referenced in the movie, but you know it’s Sam because he gives his “hee haw” sign. Also, if you look close, you’ll see that they are trespassing on old man Potter’s territory. In an earlier version of the script, Potter let his attack dogs loose (”Smithers, release the hounds.”) on the boys, and when they started running, Harry fell through the ice.
The Bailouts are a transfer of wealth from American tax payers to private industry. This is nationalization. The Fed has declared itself the central planning office of the US economy. The $15 billion Auto Bailouts are just a public diversion from the $8 trillion financial bailouts ! RON PAUL EXPLAINS HOW THE BAILOUT IS UNAMERICAN NATIONALIZATION OF INDUSTRY
JIM RODGERS & PETER SCHIFF ON THE DAMAGE OF BAILOUTS
"...everything that the Japanese were planning to do was known to the United States..." ARMY BOARD, 1944
President Roosevelt (FDR) provoked the attack, knew about it in advance and covered up his failure to warn the Hawaiian commanders. FDR needed the attack to sucker Hitler to declare war, since the public and Congress were overwhelmingly against entering the war in Europe. It was his backdoor to war. Read entire story here
The Obama Presidency is the ultimate mind control ritual:
The Presidential oath is "to uphold & defend the US Constitution", that is it end of job description!
CURRENT LIST OF OBAMA PROMISES Full Health Care for All An Army of Teachers Free College Free Broadband Free Preschool Government Guaranteed Pensions Lower Food Costs Bipartisan Washington Energy Independence No Carbon emissions on Coal Plants World Wide Unity and Peace Huge Increases in American Jobs A Richer Middle Class <>Ocean Levels Lowering Drivers licenses for illegal Aliens Civilian National Security Force Freedom of Choice Act (Partial Birth Abortion) $9.50 Minimum Wage Kindergarden Sex Ed
OBAMA has convinced the American voter that he will eliminate special interest lobbying and he will instead help the little guy by running an accountable transparent presidency.
But, he collected $700,000,000 in campaign funds from somebody who wants some favors.
Obama has taken $1,180,103 from the top issuers of subprime loans: Obama received $266,907 from Lehman, $5395 from GMAC, $150,850 from Credit Suisse First Boston, $11,250 from Countrywide, $9052 from Washington Mutual, $161,850 from Citigroup, $4600 from CBASS, $170,050 from Morgan Stanley, $1150 from Centex, and last but certainly NOT LEAST - Obama received $351,900 from Goldman Sachs.
What about special interest groups like ACORN, who are they and why should we care ?
Wait a minute why didn't I hear about any of this before the election ?
Well, time to drop out of school and skip Grad school if you are thinking about it.
Now that they are looking to go after anyone making over 120K or 150K - there is no motivation to go into 6 figure debt only to get screwed for actually paying attention in class and over-achieving. I think i will go play guitar hero and get high like everyone else in college.
VP guarantees a generated crisis after the election - WTF!
"And here's the point I want to make. Mark my words. Mark my words. It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We're about to elect a brilliant 47-year old senator president of the United States of America. Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy. And he's gonna have to make some really tough - I don't know what the decision's gonna be, but I promise you it will occur. As a student of history and having served with seven presidents, I guarantee you it's gonna happen. I can give you at least four or five scenarios from where it might originate. And he's gonna need help. And the kind of help he's gonna need is, he's gonna need you, not financially to help him, we're gonna need you to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially, it's not gonna be apparent that we're right. Because all these decisions, all these decisions, once they're made if they work, then they weren't viewed as a crisis. If they don't work, it's viewed as you didn't make the right decision, a little bit like how we hesitated so long dealing with Bosnia and dealing with Kosovo, and consequently 200,000 people lost their lives that maybe didn't have to lose lives. It's how we made a mistake in Iraq. We made a mistake in Somalia. So there's gonna be some tough decisions. They may emanate from the Middle East. They may emanate from the sub-continent. They may emanate from Russia's newly-emboldened position because they're floating in a sea of oil."
The Al Smith Memorial Dinner in NYC reveals the US Election Program. These guys just play two different parts from the same script. The Al Smith Memorial Dinner is two weeks before the US Presidential Election in NYC. It features both candidates making light of each other. However under closer scrutiny it is an aggressive disinformation operation which weakens any serious challenges to the character or qualification of either candidate.This event distracts attention from the policies or agendas that the next president may implement. It also brings into question the influence of the Vatican on official US policy.
...of course on the brighter side these guy got off some great jokes !
John McCain - The Al Smith Memorial Dinner Speech
Barack Obama - The Al Smith Memorial Dinner Speech
The Alfred E. Smith Memorial Foundation Dinner is an annual charity fund raiser for Catholic Charities. It is organized by the Alfred E. Smith Memorial Foundation in honor of former New York Governor Al Smith, the first Catholic presidential candidate. The first dinner was in 1945, the year after Al Smith's death. The 2008 dinner raised $3.9 million.In recent years the candidates have traditionally given humorous speeches.
Special bonus - Sarah Palin on SNLThe practice of the candidates appearing on a comedy skit show like SNl helps blur the line between what are the policies of the campaigns and what is a twisted joke !
President Bush, in introducing the plan, described the interventions as "limited and temporary."
"These measures are not intended to take over the free market but to preserve it," Bush said.
And in offices around the country, bankers simmered.
Peter Fitzgerald, chairman of Chain Bridge Bank in McLean, said he was "much chagrined that we will be punished for behaving prudently by now having to face reckless competitors who all of a sudden are subsidized by the federal government."
At Evergreen Federal Bank in Grants Pass, Ore., chief executive Brady Adams said he has more than 2,000 loans outstanding and only three borrowers behind on payments. "We don't need a bailout, and if other banks had run their banks like we ran our bank, they wouldn't have needed a bailout, either," Adams said.
The opposition suggested that the government may have to continue to press banks to participate in the plan. The first $125 billion will be divided among nine of the largest U.S. banks, which were forced to accept the investment to help destigmatize the program in the eyes of other institutions.
"I'm not sure we've heard from any that want to participate," said Karen Thomas, vice president for government relations at the community bankers group, which represents about 5,000 banks. "That said, if any community banks do enroll, we anticipate it will be just a small minority."
Federal regulators said they did expect some banks to volunteer, though none stepped forward yesterday. But they added that they would not rely on volunteers. Treasury will set standards for deciding which banks can be helped, and the regulatory agencies will triage the banks they oversee: The institutions faring best and worst will not receive investments. The institutions in the middle, whose fortunes could be improved by putting a little more money in the bank, will be pushed to accept the money from the government.
Also yesterday, the Federal Deposit Insurance Corp. said it will create, essentially, two new insurance programs.
The basic insurance program still guarantees all bank deposits up to $250,000. A new supplemental program guarantees all deposits above $250,000 in accounts that don't pay interest. The program basically covers accounts used by small businesses.
Separately, the FDIC is creating an insurance program to encourage investment in banks by guaranteeing that investors won't lose money. Participating banks will pay the FDIC a fee of 75 cents on each $100 in debt that they sell to investors. The FDIC will guarantee through June 2012 the debt issued by participating banks before the end of June 2009. If the bank goes bankrupt, or defaults on its debt, the FDIC will pay the investors. from the Washington Post
WHAT DOES JIM ROGERSTHINK ABOUT THE FUTURE OF THE USA /DOLLAR ?
I agree with Jim Rogers on most points other than he suggests trusting the central banks of England and China, who are also in on the deal. He is a partner with George Soros so he's part of the Fabian opposition whether he knows it or not, however his views on the dollar are dead on !
LISTEN TO A GREAT DISCUSSION
Bailout & Financial Turmoil
Investment adviser Catherine Austin Fitts was joined by financial commentators Bill Murphy (2nd hour) and Andy Gause (3rd hour) to discuss the current state of the economy, bailouts, and how fraud and manipulation are at the root of our financial turmoil.
We've been draining value out of the real economy, and the proposed bailout will just funnel investments into propping up the bubble, said Fitts, suggesting that the plan will actually send money from Main St. to Wall St., instead of the reverse. What's going on with the bailout is more than theft, "it's a coup détat" -a "reengineering of government institutions," she declared. Fitts has listed 10 reasons not to bail out Wall Street in her recent blog entry.
Murphy, who's done extensive research to show the price of gold has been suppressed and manipulated, commented that the free market process has been thwarted in the US. Gause metaphorically described the huge amount of debt as "radioactive and toxic." This pool of mortgages has been changed at the atomic level and can't be put back together-- it can only be taken out to a field and covered with a tarp, he opined. In the last hour, Fitts took calls from 'sound off' listeners.
The Bailout is a Ponzi "pyramid scheme" designed to give the billionaires who created the bad debt crisis all their money back so they can re-diversify into EUROS and other foreign currencies.
It is could possibly be part of a grander scheme to remove the USA/DOLLAR as the "World Reserve Standard", paving the way for a world currency (ie a New World Order
What does Rep McDermott think ?
What does Rep Kaptur Think?
Why should American taxpayers give US Treasury Secretary "Hank" Paulson a blank check to bail out the shareholders of busted banks? Why should the Treasury turn itself into a toxic waste dump for their bad loans? Why not let other banks join the unlamented Brothers Lehman in bankruptcy court, and start a new bank with taxpayers' money? Or have the Treasury pay interest on delinquent mortgages, and make them whole? Even better, why not let the Chinese, or the Saudis or other foreign investors take control of failed American banks? They've got the money, and they gladly would pay a premium for an inside seat at the American table.
The current economy is like the Chinese game of GO. The out come has already been decided (we lose) the game continues to the delight of the winner only to recruit more players and extend the game or as the Architect from THE MATRIX movie stated "...to perpetually delay the inevitable"
Ron Paul explains the current derivative market enslaves(forces their play) the children of the future
WTF- its legal for the hedge fund houses to reduce their exposure when the rest of the market cannot, so long retirement accounts
Original Article A rare emergency trading session opened Sunday afternoon to allow Wall Street dealers in the $455 trillion derivatives market reduce their exposure to a potential bankruptcy filing by Lehman Brothers.
U.S. regulators and bankers were making last-ditch efforts on Sunday to prevent toxic assets from ailing Lehman Brothers (LEH.N) spilling into global markets and rupturing investor faith in the international financial system.
"This is an extremely, and I stress extremely, rare event. It also speaks to the more general notion that, in today's highly disrupted financial markets, the unthinkable is thinkable," said Mohamed El-Erian, the chief executive of Pimco, the world's biggest bond fund, based in Newport Beach, California.
The session opened at 2 p.m. and was due to run until 4 p.m. New York time (1800 to 2000 GMT), according to the International Swaps and Derivatives Association. See text . ISDA later extended it for another two hours.
Trading involved credit, equity, rates, foreign exchange and commodity derivatives. ISDA confirmed a "netting trading session" was taking place for over-the-counter derivatives, in which trades that offset each other are settled.
ISDA estimates the OTC derivatives market excluding commodities has a value of $455 trillion.
Market sources said the special session was initiated by the Federal Reserve.
The aim is to reduce risk associated with a potential bankruptcy filing by Lehman Brothers Holdings Inc.
"Trades are contingent on a bankruptcy filing at or before 11:59 p.m. New York time Sunday (0359 GMT)," said the statement. "If there is no filing, the trades cease to exist."
Britain's Barclays Plc (BARC.L), which had appeared to be the frontrunner to take over Lehman -- excluding its bad mortgage-related assets -- pulled out of the bidding early in the afternoon, according to a person familiar with the matter.
That raised the risk of a Lehman bankruptcy. Lehman hired law firm Weil Gotshal & Manges to prepare a potential bankruptcy filing, the Wall Street Journal reported on Saturday in its online edition, citing a person familiar with the matter.
The special session "is a way to offset the risk between the remaining large banks and insurance companies and fund managers prior to the markets opening in Asia," said Mark Grant, managing director of structured finance at Southwest Securities, based in Dallas.
Grant is expecting a turbulent session when the U.S. markets reopen for business on Monday.
"No one has any idea about the credit quality of the assets in Lehman's portfolio and no one has a handle about the size of the CDS contracts," he said.
"The market is going to be spooked. People will be fearful and no one outside a very small group of people knows what Lehman going into liquidation will mean."
If there is a forced sale or liquidation, "this could set off another round of writedowns globally."
Oh boy I can't wait for the new economy after this one crashes. You can only put so much lipstick on this pig !
After their attempt to take the stage was stopped by police, Rage Against the Machine took to the crowd with an acapella performance. Armed with only a megaphone, and thousands of fans, RATM played a 10min acapella set of Bulls on Parade and Killing in the Name of. Check out www.above-thefold.com for exclusive coverage.
I think that Zack De Lahoya & Tom Morrelo have the right intentions, but this is a really display of the kind of "crowd mentality" that fuels the current system. ALEX JONES does a brilliant job (in the below clip) of describing how the two party system is just a game to further a single agenda
A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts at $25 billion. For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. The numbers diverge so far from reality as to be laugh-out-loud funny. Funny, that is, except that the CBO estimate demonstrates a willful disconnect with the actual consequences of federal government actions.
As demonstrated below, the real cost of the bailouts will easily exceed $1.3 trillion. In fact, the real cost is likely to range between $1.3 trillion to $1.6 trillion, and is not unlikely to reach $2.5 trillion.
Between 2001 and 2007, Fannie and Freddie purchased or guaranteed $700 billion of Alt-A and subprime loans. Given the default rates on these loans — and the fact that the price of the housing that is the ultimate security of the loans will, for reasons demonstrated below, fall by at least thirty percent — this alone implies a loss for Fannie and Freddie on the order of $210 billion.
Fannie and Freddie acknowledge already-impaired loans on the balance sheet of $19 billion, which they have used creative accounting to avoid deleting from the shareholder equity account. This means that Fannie and Freddie have a maximum of $64 billion in capital remaining.
Given the inevitable losses on the Alt-A/subprime portion of their portfolio, it must be the case that if the federal government, as it is doing, guarantees Fannie and Freddie's solvency, the difference between the loss and the capital to be made up by the government (i.e., the taxpayers) must equal, not $25 billion but $147 billion.
That alone would mean that the CBO is blowing smoke with their estimated cost figures, and if you think back to the S&L cost of $160 billion, this is not a surprising result. The real picture is so much worse that it is pretty obvious the CBO is flat out inventing figures just to get the politicians through November.
The real story is simple. We have witnessed the largest asset-price bubble in US history, making the tech-stock bubble seem like an overdone weekly rally.
When you look at the graph of the Case-Shiller residential real-estate index, an index dating from 1890 to the present and an index which measures the cost of housing in comparison to other goods, the first thing you see is that the 2001 to 2006 bubble stands out like a fifty foot saguaro cactus in a patch of daisies. There simply has never been anything like it before.
Okay, now I don't really give a flying foxtrot uniform charlie kilo about John Edwards. But ABCNNBBCBS is running this all over the place like it is the hot story of the year.
Folks, you are being CONDITIZED!
Back in early 2001, when the US Government was already informing other governments of plans to invade Afghanistan in October 2001, the corporate media had turned the sordid tale of Gary Condit and Chandra Levy into the one and only story for the TV sets of America. There were very few reports of the war being planned for Afghanistan, so when the invasion actually happened, right after the convenient events of 9-11 angered America into a war-fever, it was a surprise to nobody bu the American people.
Well, here we are again. The TV sets are tossing John Edwards' love-child right into our faces non-stop, with only the briefest of pauses to shout "RUSSIA INVADES!" so it doesn't look like they are hiding anything from you.
But think. The fact that John Edwards knocked up his mistress is not something that actually affects your life in any material way. It's tabloid scandal at best, yet to ABCNNBBCBS, this is the important news to shove at you. But the outbreak of war gets barely an insert and a screen crawl, and those are actually lies! Russia did NOT invade. The initiating event was the shelling of a Russian installation, presumably by the Georgians, but in fact we really do not know.
But a real war with Russia does affect your life in very material ways. The US is already at economic death's door from the existing wars. Once again we see Israel working to kick off a war they will expect our sons and daughters to clean up.
And the other side actually has nuclear and biological weapons of mass destruction, and faces an enemy they already know has the willingness to use such weapons unless preemptively attacked. FOX NEWS SPINS THE EDWARDS STORY OVER THE RUSSIAN - GEORGIAN WAR
HOUSTON -- With a war in Iraq and fighting on the rise in Afghanistan, the struggle to bring in new U.S. Army recruits is heating up again.
And Irving Gonzales, 18, got caught up in it all.
As his family’s oldest male, he feels he has to do whatever it takes to help out his single mom. For him, that means working long hours at his after-school job.
“My mom was left struggling. I would give her more than half my paycheck,” Gonzales said.
That’s why the Aldine High School senior started thinking about the Army – and the tens of thousands of dollars in bonuses that can come with enlistment.
“They were offering me school, they were offering me bonuses,” he said.
So Gonzales signed up – but only to “pre-enlist” in the Delayed Entry Program. DEP allows kids to try out the military without a binding commitment.
But the 11 News Defenders have found there is a problem: Army recruiters aren’t sticking to the program and are bullying and even lying to potential recruits and their families to keep them from dropping out.
After he had a change of heart, Gonzalez became one such victim.
“I’d rather just stay here, go to college,” he said he told his recruiter.
The reaction: Gonzalez said a recruiter told him if he did drop out, they would send him to jail.
Scared, Gonzales called Sgt. Glenn Marquette, a supervisor at the Greenspoint Recruiting Station.
Marquette told Gonzales there was no way out.
“You signed a binding contract,” he said.
But that wasn’t true.
Army recruiting regulations say delayed entry members can leave any time. They specifically mention “under no circumstances will any (recruiter) threaten, coerce, manipulate, or intimidate (future soldiers), nor may they obstruct separation requests.”
Further, they state: “At no time will any (recruiter) tell a (Delayed Entry Program) member he or she must go in the Army or he or she will go to jail.”
But when Gonzales asked Marquette what would happen if he just didn’t show up for service, a phone recording captured this reply:
“Then guess what?” said Marquette. “You’re AWOL. Absent without leave. You want to go to school? You will not get no loans, because all college loans are federal and government loans. So you’ll be black barred from that. As soon as you get pulled over for a speeding ticket, they’re gonna see you’re a deserter, they’re going to apprehend you, take you to jail.”
Marquette continued: “So guess what? All that lovey-dovey 'I wanna go to college' and all that? Guess what? You just threw it out the window, because you just screwed your life.”
Eric Martinez, 17, is another young recruit who changed his mind.
“They make it seem there’s no way out,” his mother said.
Martinez said the nearby National Cemetery constantly reminds him – and his mother – of the risks and horrors of war.
“She tells me about the stories that happen in Iraq. Some people kill themselves or get shot,” Martinez said.
But when Martinez told that to the recruiter the Army assigned to him, he said he too was threatened.
Then his mother decided to intervene. But when she spoke to the Greenspoint Recruiting Station, they told her, too, that Martinez would be AWOL and go to jail if he didn’t show up for service.
This isn’t the first time the 11 News Defenders have found these sorts of problems -- and at the VERY SAME recruiting station location.
Three years ago in May of 2005, we found that another recruiter from that station, a Sgt. Thomas Kelt, had left this phone message to a high school student. This time the issue was simply keeping an appointment to talk:
“By federal law you got an appointment with me at two this afternoon at Greenspoint Mall,” Kelt told him. “OK? You fail to appear and we’ll have a warrant, OK? So give me a call back.”
Our investigation into that call led to the Army announcing a national stand-down so all of its recruiters could re-examine their methods and regulations.
But just two months later, 11 News found that instead of punishing Sgt. Kelt, the Army had promoted him to the role of station commander at a neighboring recruiting station. That meant he would supervise and train other recruiters on how to do the job.
(And today? the Army confirms Sgt. Kelt still holds that supervisory position, but has since been transferred out of Texas.)
So we caught up with Sgt. Marquette to ask about these latest incidents.
11 News: “I just want to know why you’re telling young recruits they’ll go to jail if they want out of the Delayed Entry Program.”
Marquette: “What are you talking about?”
11 News: “We’d just like to know why you’re telling them that.”
Marquette: “I’m on vacation right now. I really don’t want to be bothered!”
Congressman Ted Poe believes there is an ongoing problem with recruiters.
“We don’t want the government, military, the Army, deceiving American citizens,” Poe said.
Poe speaks from the position of a veteran himself who recently visited Iraq with the Army.
Ex-White House Press Secretary Scott McClellan exposed Fox News as a propaganda tool for the White House on Chris Mathews Hardball.
Fox in the White House: It is one of those things you kind of assume to be true all along... and yet are shocked when hard confirmation actually comes. Our fourth story tonight, from the former White House press secretary himself, word that the Bush White House routinely sent--and as far as we know, still sends-- literal talking points to Fox News for its primetime propagandists, Bill O'Reilly, Sean Hannity and others... to spout, as if ventriloquist dummies, as if they had thought of it themselves, as if they had come to those opinions independently, as if there had been a process either fair... or balanced.
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
On July 9, 2008, 69 members of the U.S. Senate voted to abolish the 4th amendment and protect the President of the United States and his friends from illegal activities perpetrated upon the people of the United States in direct violation of the United States Constitution.
28 Senators voted NO. This is what some of them had to say about HR 6304.
The NSA warrantless surveillance controversy concerns surveillance of persons within the United States incident to the collection of foreign intelligence by the U.S. National Security Agency (NSA) as part of the war on terror. Under this program, referred to by the Bush administration as the "terrorist surveillance program", the NSA is authorized by executive order to monitor, without warrants, phone calls, e-mails, Internet activity, and text messaging, and other communication involving any party believed by the NSA to be outside the U.S., even if the other end of the communication lies within the U.S. The exact scope of the program is not known, but the NSA is or was provided total, unsupervised access to all fiber-optic communications going between some of the nation's major telecommunication companies' major interconnect locations, including phone conversations, email, web browsing, and corporate "private network" traffic. Shortly before Congress passed a new law in August of 2007 that legalized warrantless surveillance, the Protect America Act of 2007, critics stated that such "domestic" intercepts required FISC authorization under the Foreign Intelligence Surveillance Act,. The Bush administration maintains that the authorized intercepts are not domestic but rather "foreign intelligence" integral to the conduct of war and that the warrant requirements of FISA were implicitly superseded by the subsequent passage of the Authorization for Use of Military Force Against Terrorists (AUMF).
Attorney General Alberto Gonzales confirmed the existence of the program, first reported in a December 16, 2005 article in The New York Times. The Times had posted the exclusive story on their website the night before, after learning that the Bush administration was considering seeking a Pentagon Papers-style court injunction to block its publication. Gonzales stated that the program authorizes warrantless intercepts where the government "has a reasonable basis to conclude that one party to the communication is a member of al Qaeda, affiliated with al Qaeda, or a member of an organization affiliated with al Qaeda, or working in support of al Qaeda." and that one party to the conversation is "outside of the United States". The revelation raised immediate concern among elected officials, civil right activists, legal scholars and the public at large about the legality and constitutionality of the program and the potential for abuse. Since then, the controversy has expanded to include the press's role in exposing a classified program, the role and responsibility of Congress in its executive oversight function and the scope and extent of Presidential powers under Article II of the Constitution.
If the NSA under the authority of the President even suspects that you(American citizen) has any association with any person who may have any association with any person who may be considered a national security threat, then you can(will) be subject to a FISA warrant to surveillance via the telecommuniction companies(phone internet,text)
ISP's have resolved to restrict the Internet to a TV-like subscription model where users will be forced to pay to visit selected corporate websites by 2012, while others will be blocked, according to a leaked report. Despite some people dismissing the story as a hoax, the wider plan to kill the traditional Internet and replace it with a regulated and controlled Internet 2 is manifestly provable.
"Bell Canada and TELUS (formerly owned by Verizon) employees officially confirm that by 2012 ISP's all over the globe will reduce Internet access to a TV-like subscription model, only offering access to a small standard amount of commercial sites and require extra fees for every other site you visit. These 'other' sites would then lose all their exposure and eventually shut down, resulting in what could be seen as the end of the Internet," warns a report that has spread like wildfire across the web over the last few days.
People have raised questions about the report's accuracy because the claims are not backed by another source, only the "promise" that a Time Magazine report is set to confirm the rumor. Until such a report emerges many have reserved judgment or outright dismissed the story as a hoax.
What is documented, as the story underscores, is the fact that TELUS' wireless web package allows only restricted pay-per-view access to a selection of corporate and news websites. This is the model that the post-2012 Internet would be based on.
People have noted that the authors of the video seem to be more concerned about getting people to subscribe to their You Tube account than fighting for net neutrality by prominently featuring an attractive woman who isn't shy about showing her cleavage. The vast majority of the other You Tube videos hosted on the same account consist of bizarre avante-garde satire skits on behalf of the same people featured in the Internet freedom clip. This has prompted many to suspect that the Internet story is merely a stunt to draw attention to the group.
Whether the report is accurate or merely a crude hoax, there is a very real agenda to restrict, regulate and suffocate the free use of the Internet and we have been documenting its progression for years.
The first steps in a move to charge for every e mail sent have already been taken. Under the pretext of eliminating spam, Bill Gates and other industry chieftains have proposed Internet users buy credit stamps which denote how many e mails they will be able to send. This of course is the death knell for political newsletters and mailing lists.
The New York Times reported that "America Online and Yahoo, two of the world's largest providers of e-mail accounts, are about to start using a system that gives preferential treatment to messages from companies that pay from 1/4 of a cent to a penny each to have them delivered. The senders must promise to contact only people who have agreed to receive their messages, or risk being blocked entirely."
The first wave will simply attempt to price people out of using the conventional Internet and force people over to Internet 2, a state regulated hub where permission will need to be obtained directly from an FCC or government bureau to set up a website.
The original Internet will then be turned into a mass surveillance database and marketing tool. The Nation magazine reported in 2006 that, "Verizon, Comcast, Bell South and other communications giants are developing strategies that would track and store information on our every move in cyberspace in a vast data-collection and marketing system, the scope of which could rival the National Security Agency. According to white papers now being circulated in the cable, telephone and telecommunications industries, those with the deepest pockets--corporations, special-interest groups and major advertisers--would get preferred treatment. Content from these providers would have first priority on our computer and television screens, while information seen as undesirable, such as peer-to-peer communications, could be relegated to a slow lane or simply shut out."
Over the past few years, a chorus of propaganda intended to demonize the Internet and further lead it down a path of strict control has spewed forth from numerous establishment organs:
* Time magazine reported last year that researchers funded by the federal government want to shut down the internet and start over, citing the fact that at the moment there are loopholes in the system whereby users cannot be tracked and traced all the time. The projects echo moves we have previously reported on to clamp down on internet neutrality and even to designate a new form of the internet known as Internet 2.
* In a display of bi-partisanship, there have recently been calls for all out mandatory ISP snooping on all US citizens by both Democrats and Republicans alike.
* The White House's own recently de-classified strategy for "winning the war on terror" targets Internet conspiracy theories as a recruiting ground for terrorists and threatens to "diminish" their influence.
* The Pentagon recently announced its effort to infiltrate the Internet and propagandize for the war on terror.
* In a speech last October, Homeland Security director Michael Chertoff identified the web as a "terror training camp," through which "disaffected people living in the United States" are developing "radical ideologies and potentially violent skills." His solution is "intelligence fusion centers," staffed by Homeland Security personnel which will go into operation next year.
* The U.S. Government wants to force bloggers and online grassroots activists to register and regularly report their activities to Congress. Criminal charges including a possible jail term of up to one year could be the punishment for non-compliance.
* A landmark legal case on behalf of the Recording Industry Association of America and other global trade organizations seeks to criminalize all Internet file sharing of any kind as copyright infringement, effectively shutting down the world wide web - and their argument is supported by the U.S. government.
* A landmark legal ruling in Sydney goes further than ever before in setting the trap door for the destruction of the Internet as we know it and the end of alternative news websites and blogs by creating the precedent that simply linking to other websites is breach of copyright and piracy.
* The European Union, led by former Stalinist and potential future British Prime Minister John Reid, has also vowed to shut down "terrorists" who use the Internet to spread propaganda.
* The EU data retention bill, passed last year after much controversy and with implementation tabled for late 2007, obliges telephone operators and internet service providers to store information on who called who and who emailed who for at least six months. Under this law, investigators in any EU country, and most bizarrely even in the US, can access EU citizens' data on phone calls, SMS messages, emails and instant messaging services.
* The EU also recently proposed legislation that would prevent users from uploading any form of video without a license.
* The US government is also funding research into social networking sites and how to gather and store personal data published on them, according to the New Scientist magazine. "At the same time, US lawmakers are attempting to force the social networking sites themselves to control the amount and kind of information that people, particularly children, can put on the sites."
The development of a new form of internet with new regulations is also designed to create an online caste system whereby the old internet hubs would be allowed to break down and die, forcing people to use the new taxable, censored and regulated world wide web.
Make no mistake, the internet, one of the greatest outposts of free speech ever created is under constant attack by powerful people who cannot operate within a society where information flows freely and unhindered. Both American and European moves mimic stories we hear every week out of state controlled Communist China, where the internet is strictly regulated and virtually exists as its own entity away from the rest of the web.
The Internet is freedom's best friend and the bane of control freaks. Its eradication is one of the short term goals of those that seek to centralize power and subjugate their populations under tyranny by eliminating the right to protest and educate others by the forum of the free world wide web.
While others may view the stories about Warren G. Harding's black ancestry as rumor, Marsha Stewart sees it as fact.
Mrs. Stewart, a 60-year-old black woman who teaches at a high school in suburban Detroit, is a fifth cousin to the 29th president, according to her family history.
"When I grew up in the '50s, my grandparents said it's OK to talk about it in the family setting but it's not OK to talk about it outside of the family settings," Mrs. Stewart said.
Her 2005 book, "Warren Harding U.S. President 29: Death By Blackness," details her family connection to Harding.
"He was my great-grandmother's first cousin," Mrs. Stewart said. Adding that her great-grandmother, Mary Harding Norman, and Warren Harding's father, George Tryon Harding, were first cousins.
She traces their common ancestors back to the black settlers of Isabella, Montcalm and Mecosta counties in central Michigan. Warren Harding's immediate family remained in Ohio, but other branches moved to Michigan, according to Mrs. Stewart, who said those are the Hardings from whom she is descended.
"My mother talks about Warren Harding coming to a cousin's funeral in Michigan," Mrs. Stewart said. "When he drove in everybody sort of knew who he was. He attended the funeral, and he left."
She said she has been contacted by Warren Harding's grandchildren and great-grandchildren several times. "They tell me they've heard rumors that they have black blood."
While Warren Harding never really denied he may have had black ancestors, he never declared himself black.
When asked why she believes her cousin never did so, Mrs. Stewart said, "Because we live in America. To be a true American, [you can't be] black even though we've been here for centuries. That's just the truth."
Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York.
Writing in Monday’s Financial Times, Mr Geithner, a key US policymaker throughout the credit crisis and one of the main architects of the rescue of Bear Stearns, says that the US Federal Reserve should play a “central role” in the new regulatory framework, working closely with supervisors in the US and round the world.
“At present the Fed has broad responsibility for financial stability not matched by direct authority and the consequences of the actions we have taken in this crisis make it more important that we close that gap,” Mr Geithner says, in an excerpt of a speech to be delivered today at the Economic Club of New York.
The credit crisis has heightened pressure on US policymakers to consider sweeping changes to a regulatory system for financial institutions which has commercial banks such as JPMorgan Chase and Citigroup regulated by the Fed and investment banks such as Goldman Sachs and Lehman Brothers more loosely regulated by the Securities and Exchange Commission.
Mr Geithner called the system “a confusing mix of diffused accountability, regulatory competition and a complex web of rules that create perverse incentives and leave huge opportunities for arbitrage and evasion”.
However, legislation to overhaul US financial regulation is unlikely to start advancing through Congress until next year when the new administration takes office.
In his speech, Mr Geithner will also say the Fed is examining whether to make “permanent” some of the new liquidity facilities put in place during the credit crisis, and called for central banks to establish a “standing network of currency swaps, collateral policies and account arrangements” to bolster liquidity during a future crisis.
Meanwhile, Malcolm Knight, the general manager of the Bank of International Settlements, the Basel-based central banking group, told the FT that the financial system now faces a growing risk of exchange-rate volatility as investors and central banks grapple with the impact of rising commodity prices and other inflationary pressures.
“It is not clear if the rest of the world is going to continue to fund the US current account deficit at current levels of exchange rates,” he said. “The pattern of the exchange rates is subject to considerable uncertainty now.”
The comments are likely to be closely watched by investors and policymakers, since they come at a time of renewed market focus on the outlook for the dollar relative to the euro and other currencies. Last week, Ben Bernanke, Fed chairman, broke with the US central bank’s traditional silence on currency matters to make clear that it does not want any further dollar weakness.
While the dollar rallied on Mr Bernanke’s remarks, it retreated later in the week after European Central bank comments suggested an interest rate rise and as the price of crude oil soared, heightening inflation fears.
“There is a perception that after a long period of quiescent inflation, things are changing,” Mr Knight said. “This is quite visible in terms of commodity prices in energy markets but also in terms of what is happening with other commodities too.”