That Greek “haircut” will HURT!

Hey, that ain’t hair you’re cutting. It’s our kids’ future!

by Don Hank

My mom used to give me haircuts, but she was always a little nervous and often nicked me in the ear with the scissors. That really hurt.

This haircut on the Greek bonds will hurt a LOT MORE.

Quote (see link below):

In essence, the haircut on Greek debt [haircut: partial default, in this case, decreed by law. DH] is a signal to investors that they should require a much higher rate of return on the debt of all of the PIIGS.  This is going to make the financial collapse of all of the PIIGS much more likely.

Absolutely. Not only that, the Greek government officials and Greeks benefitting from government largesse have lived high on the hog for years, and for them, that is an unalienable entitlement. Many of them get nasty when someone touches their entitlements. They burn tires, wreck vehicles, throw stones through windows, etc, breaking things they can’t afford to replace.

Now that Europe has given a 50% haircut on their sovereign debt, many will figure they can continue to live like kings and the next time around, good old Germany and the ECB and EFSF will just bail them out again, with more “haircuts” for their bonds and more leverage. Dream on. The German people are already PO’d! And with good reason.

As this author points out, the party can’t go on forever. They are tightening the noose around Europe’s neck.

“Leverage” in this context means that the banks will be able to lend 4-5 times more than before simply by issuing more credit — NOT MONEY, because they have no money at the bottom line of the balance sheets, only debt. Now even before this re-leveraging, they were leveraged to the max and already issuing loans against nothing but hot air. That’s the same as printing money, as they did in the failed Weimar Republic. Weimar failed BECAUSE they did this, but the money printing was sold as a “solution” to their problem. Now they’re trying a little — no a LOT — of hair of the dog that bit them in the butt before, except not just Germany but most of Europe. How short their memories are.

This money the banks are lending is money they don’t have. It is debt, the opposite of money. They are dealing in red numbers, paying off red numbers with more red numbers. That is like climbing higher up the mountain to reach the bottom. GUARANTEED it won’t work and when the crash comes it will be dramatic, people will get hurt and Greeks will be back burning tires again.

Maybe someone will hire them to do that. They’re getting pretty proficient at it.

 

Europe Tries To Kick The Can Down The Road But It Will Only Lead To Financial Disaster

 

Fleecing the lambs once more: the Greek debt “haircut”

 

by Don Hank

The site linked to below (The Economic Collapse) had predicted just a day or two ago that the “haircut” on Greek debt would increase the chances of recovery of the PIIGS. It didn’t take long for that prophecy to be realized, as they report today.

Here are my 2 cents, incl a prediction of my own. I hope it turns out to be wrong:

According to the Greek language online newspaper “Express,” the European “leaders” met with the bankers before this “haircut” edict was handed down. They had originally spoken of a 21% hiarcut, but they were faking. They knew it would be 50% but they had to soften up the bankers.

It is my humble opinion that they made these bankers a deal they couldn’t refuse. First they TOLD them the haircut would be 50%, at variance with what they had said (they had lied, to put it nicely).

According to this Greek article, the rip-off to the European banks amounted to 67.5 billion euros, or 20$ less that the Greek government would have to pay.

My prediction (I truly hope I am wrong):

The European powers (remember, this is the group that exported “democracy” the the Arabs, but they won’t give their own people democracy. THEY make all the decisions) will eventually get around to utilizing one of their many financial tentacles — e.g., the ECB, the EFSF (European Financial Stability Facility) or other, perhaps one to be created — either to BUY PIIGS bonds outright or to financially assist private buyers to buy them (using both European and US public funds — see last link below!), in order to circumvent the market. This is because no private person or entity will eventually touch a Greek bond, for ex, with a 3 meter pole, unless enticed with promises of public money.

I say this because I know:

1–the past behavior of the European elites

2–their Marxist philosophy underlying that behavior.

The real raîson d’être of the European Empire (European union) and its tentacle agencies has always been to redistribute wealth. Unlike the Soviet Union, they no longer can do that — for political reasons — openly, from one group to another. But by pretending to “stabilize” Europe, they can distribute the wealth from northern countries with a sound work ethic to southern countries with no palpable work ethic at all. [Footnote: this is analogous to the way the US government orchestrated our current financial crisis by first forcing the banks to lend to the insolvent under the infamous CRA, another wealth redistribution scheme].

By allowing the fiscally irresponsible Greece to join the Euro Zone, they knew they would ultimately be able to transfer billions of euros of wealth to that country under the pretext of “stabilization.” They won’t quit even now that they have literally destabilized the whole continent by their so-called “stabilization measures.”

They have all the power and they will continue to rob the citizens of each member country until they — and we — are dirt poor or until the people rise up and throw off their yoke.

It will be a true European Spring and the elites will not be in charge this time.

Don Hank

 

Be Honest – The European Debt Deal Was Really A Greek Debt Default

How the US will pay for the scam:

 http://www.youtube.com/watch?v=rPMFMxuhHAM

The neglected Libyan public

Missing from the jubilant “world opinion” over the brutal murder and torture of the moderate Libyan leader is an analysis of Libyan street opinion. I think I know why no one is talking to them.

 

Don Hank

It was supposed to be all about the Libyan people. Remember? Yet missing in all the news on the subject of Libya are

1–the reaction of the LIBYAN PEOPLE to the rising specter of Sharia law. (Wasn’t it they whom we so bravely bombed residential areas to “save”?). They have had 40 years of a moderate Western-style judiciary. But they were lured by Western propaganda to seek “democracy” by overthrowing their moderate leader. The narrative was that they would be free, with a strong suggestion that Western style democracy was on the way. Now some are certainly already seeing that their new unelected Sharia law-advocating “leader,” the favorite of the Western Colonial Empire, is far from the freedom they expected.

2–an analysis (poll) of Libyan street opinion on the murder of Ghadaffi. All of a sudden, journalists supportive of “democracy” are oblivious to public opinion. But we’re used to that now, what with bailouts being decided far above our heads and reporters giving our objections short shrift. It’s only our money, after all.

The incontrovertible fact is that enough people in various cities supported Ghadaffi with their lives to prolong the war beyond expectations. Yet the press wants you to believe hatred for Ghadaffi and support for the new radical Islamist government are virtually universal.

Reported are only reactions of world leaders and the new government, i.e., influential elites who have no interest in how the people are treated but everything to gain financially and politically by playing along with the Western Ruling Class — aloof imperial strong men who hypocritically and absurdly supported the illegal torture and murder of prisoner of war Ghadaffi on “humane” grounds — but pretended to care about human rights long enough to take out this moderate leader and replace him with a radical who staunchly defends the lopping off of body parts and stoning as punishment for crimes and even sexual indiscretions. Welcome to democracy, Libya!

Virtually every Western “leader” supported the brutal torture and murder with gleeful words, even laughter or complicit silence.

It is reminiscent of how the US unilaterally instigated a coup in Iran to oust the “tyrannical” Shah only to see him replaced by a tyrant 10 times more heinous and cruel. Or for that matter, how they instigated a coup in Egypt to topple the “tyrant” Mubarek, who in fact was the most Western-friendly stabilizing factor in the region, only to replace him with an unelected military government that raided a Coptic Christian monastery the day they assumed power, wasting no time in stripping off their masks.

How deceitful our elites. How utterly gullible their subjects!

Will we ever learn?

Actually, we always do. After it is too late, like right now!

Read: http://www.medialens.org/index.php?option=com_content&view=section&layout=blog&id=1&Itemid=8

Snatched Swedish boy may be permanently separated from parents

Officials seek to terminate Johansson family’s parental rights 

Please Write

Both the ADF and HSLDA are asking for letters to be written in an attempt to renew attention to the Johanssons’ case. You can download a sample letter using either format below.

Download the sample letter in Microsoft Word >>

Download the sample letter as a PDF >>
(requires Adobe Acrobat Reader)

HSLDA has learned that Swedish officials on the Island of Gotland may be seeking to terminate the parental rights of Annie and Christer Johansson. Seven-year old Domenic Johansson was snatched by a fully armed Swedish police unit in June 2009 while on board an airplane bound for Annie’s homeland of India. Among the primary reasons given for the seizure was the fact that Domenic was homeschooled. His entire family has been denied any contact with their son for nearly a year. HSLDA and the Alliance Defense Fund (ADF) filed a joint application on behalf of the Johansson family at the European Court of Human Rights (ECHR) in June 2010 and have been working to support the family since shortly after Domenic’s seizure.

Both the ADF and HSLDA are asking for letters to be written in an attempt to renew attention to the family’s case and to encourage Swedish officials to release Domenic back to his family. The United States Supreme Court has called the termination of parental rights the family court equivalent of the death penalty. Annie and Christer have done nothing worthy of such a horrific outcome. Will you join us as fellow advocates and take a moment to write to the Swedish Social Services Committee in charge of Domenic’s custody situation? The Johansson family is grateful for your efforts on their behalf. ADF has prepared a sample letter or you may write your own letter to the committee. You can download a copy of the sample letter in Microsoft Word or as a PDF file.

Please mail letters to:

Swedish Social Services Committee
Socialnämnden
Gotlands Kommun
621 81 Visby
SWEDEN

A stamp for a standard weight letter to Sweden will cost $0.98 through the U.S. Postal Service.

Please also continue to keep the Johansson family in your prayers as they somehow endure this unbearable situation.

Our thanks to the HSLDA for this alert: http://hslda.org/hs/international/Sweden/default.asp

Email addresses of Swedish officials in charge of this case (they read English):

sofi.rosenqvist@gotland.se;

caroline.palmqvist@gotland.se;

lena.celion@gotland.se;

marika.gardell@gotland.se;

A gulag of your own making

And now they’re coming for you

 

Don Hank

 

Matt. 25:45 Verily I say unto you, Inasmuch as ye did it not to one of the least of these, ye did it not to me.

A few weeks ago, PayPal cut off service to Julio Severo because Julio says on his blog that he agrees with the New Testament on homosexual behavior. They did this at the behest of a homosexual activist group.

Effectively, PayPal, as the only service of its kind, unilaterally decided to try and ban Julio’s blog, which has played a key role in stopping utterly totalitarian-style legislation in Brazil that would have banned speech perceived as offensive to homosexuals. Since PayPal is effectively a monopoly, they have threatened Julio’s livelihood in objection to his faith, which they want to see banned everywhere in the world.

PayPal is therefore what I call a NGE, or Non-Governmental Enforcer, of an unconstitutional speech code, circumventing the law by using methods that would be politically impossible for government to use.
And yet you will note that government has been glaringly silent and will do nothing to help Julio barring a lawsuit. And it is far from clear whether our leftist-packed judiciary will do anything to intervene on behalf of freedom of speech.

Now, not much fuss was made over Julio’s plight outside Christian activist circles, apparently because religious freedom is now being supplanted in Western minds by sexual freedom, a favorite platform of libertarians.

Yet, I have tried to warn that when you allow government (or its proxy) to tell Christians they may not speak out against what they perceive as evil, the totalitarian system will soon direct its fury against you, in what could be called the “Niemöller effect,” even if the government per se is not directly involved in this assault. Because you see, the far left (as exemplified by the Fabian Society, which has lost no time in stealthily removing your freedom since the 1880s) has always used stealth tactics to enforce laws, even laws not yet on the books. They believe they are on the side of History, and I write that with a cap because for them history is God.

Now, the West has gradually accepted the mindset that religion is nothing but a throwback and has no place in public life. In fact, they portray Christianity as a sinister system designed to enslave people. Yet when large corporations in league with corrupt government (crony capitalism) overtly take steps to eradicate Christian speech in public, then those liberty-minded individuals who generally ignore the plight of Christians, also considering us to be knuckle dragging Neanderthals, are unwittingly cutting their own throats, because if groups of bullies can tell Christians to shut up with impunity, then they can tell you to shut up as well. It is only a matter of time.

A few scant weeks have passed since PayPal censored Christian blogger Julio Severo and now, those who sat silently by are seeing the censors moving into their own territory. For libertarians generally believe that any censorship is bad and cuts into liberty. Yet, as suggested above, they foolishly look away when Christians are censored, particularly Christians who flout the Ruling Class purportedly on the “side of history.” What they fail to see is that the censorship of Christian speech is a harbinger of much bigger things to come. Because the Ruling Class despises Judeo-Christian values (as exemplified by their behavior in Europe where they import Christian-hating Muslims by the millions, and in the Muslim World, where each war they engage in invariably has the outcome of Christian persecution and decimation of the indigenous Christian populations).

This lack of compassion for Christian speech on the part of the “freedom minded,” including numerous nominal Christians, is a classic example of the “Niemöller Syndrome” as expressed in the famous statement by Christian leader Martin Niemöller:

When the Nazis came for the communists,
I remained silent;
I was not a communist
.”

And then he goes on to say they came for the social democrats, and then the trade unionists, the Jews and so on and he said nothing each time and then finally:
“When they came for me,
there was no one left to speak out.”

We are at that point now, my friend. You didn’t speak out for Julio because you bought into the left’s propaganda that only homosexuals can be victims, never Christians. The far left in league with the New World Order taught you that Christianity is the enemy of freedom and compassion, when in fact it represents the only real freedom and compassion one can ever hope to have.

Now we are here:

http://www.computerweekly.com/Articles/2011/10/25/248252/Wikileaks-turns-to-fundraising-as-US-finance-companies-cut-off.htm

He [Assange] claims that since Wikileaks began publishing thousands of secret US government files and diplomatic cables online, an “arbitrary and unlawful financial blockade” has been imposed by Bank of America, Visa, MasterCard, PayPal and Western Union.

Each and every one of those corporations are nothing more nor less than partners in an unholy alliance with the most radical political apparatus we have ever seen in America. Along with many others, I had said many times before that there is no longer free market capitalism in America.

But loss of economic freedom is never alone. Loss of religious freedom and loss of political freedom are never far behind.

We are now officially in that latter phase when the right to freedom of speech has been abridged and soon will be completely abolished unless you and I have a change of heart.

Did Assange complain when Julio Severo was cruelly denied a living for his family, including 4 children?

I didn’t hear his protests.

And I didn’t hear yours either when WorldNetDaily alerted you to this outrage.

So don’t protest when they muzzle you and take away your voice and your vote.

Welcome to Gulag America, a prison of your own making, through your silent complicity.

 

Relevant:

http://laiglesforum.com/will-you-help-this-borther/2693.htm

http://laiglesforum.com/did-paypal-aid-and-abett-child-porn-sellers/2721.htm

http://www.wnd.com/index.php?fa=PAGE.view&pageId=346825

 

Just as I told you: Sharia law coming to Libya

You can’t say I didn’t warn you: Libya’s new leader wants sharia law.

 

Don Hank

Newsmax just now reported that the new unelected leader of Libya is a strong proponent of Sharia law – in contradistinction to the moderate Ghadaffi whom we just murdered.

Mustafa Abdul-Jalil, the favorite of NATO, the EU, David Cameron, Nicolas Sarkozy and most other European leaders, as well as of Obama, “laid out a vision for the post-Gadhafi future with an Islamist tint, saying Islamic Sharia law would be the ‘basic source’ of legislation and existing laws that contradict the teachings of Islam would be nullified.”

Why was this no surprise to me?

I had just recently researched Mustafa Abdul Jalil’s background and learned :

After graduating from the department of Shari’a and Law in the Arabic Language and Islamic Studies faculty of University of Libya in 1975, Abdul Jalil was initially “assistant to the Secretary of the Public Prosecutor” in Bayda, before being appointed a judge in 1978.[6]
Abdul Jalil was a judge “known for ruling consistently against the regime,…”

 I had looked this up in response to naïve comments from a reader who has the misfortune to be addicted to the MSM and apparently has not yet seen the extent to which modern “journalists” are in fact propagandists and little else.

This reader quoted a prediction that if the war were to continue, a half-million Libyans would die.

I read the article this reader linked to and was astonished to find the quote was attributed to none other than the leader of the transition government, Mustafa Abdul Jalil.

So I researched his background and sure enough, he is a proponent of Sharia law.

Now, go ahead and tell me the EU, NATO, Sarkozy and Obama didn’t know this.

We just murdered a man who was a moderate and Western-friendly in order to install a radical Islamist who will rule the same way they rule in Iran and Saudi Arabia. That can only mean the cruelest possible punishments. Just for reference, a Saudi court recently ordered a migrant worker’s eye gouged out.

Ghadaffi had tried Sharia law and found it did not work well in the real world; further, while the Western propaganda bleated that Ghadaffi was a ruthless dictator who swept aside all opposition, he obviously had kept Abdul Jalil alive and in power despite their major differences. If he was so ruthless, why is Abdul Jalil still alive?

OUR money paid for Ghadaffi’s brutal murder. OUR American and British and French blood was spilled to murder a friendly moderate and install a hostile Islamist in Libya.

It is a self-replicating pattern of what was done in Iran, Kosovo, Iraq, Egypt and Ivory Coast: support for rigid, radical Islamists over moderates who tolerated Jews and Christians.

YOUR government did not do it. You do not have a government. You have, in lieu of a legitimate government, a clique of usurpers with superior mind control methods, led by bankers, corporations, media moguls and assorted government agencies and officials in league with each other, who despise you, your values and your Western way of life and, using the language of moderation and tolerance, are stealthily installing leaders in the Middle East to destroy the last traces of Western influence, except for heavily guarded ties to the Western Ruling Class and the banking system (Ghadaffi had made the mistake of establishing an independent Libyan banking system). Nothing has changed since the late 1880s when a small group of rich radicals met at a private home in a banking area of London for the purpose of accomplishing two heinous goals throughout the world: 1) Install socialism, and 2) eliminate Western (particularly Christian) culture. They later took the name “Fabian Society” and are still quite active today, both in the open, and more importantly, under a cloak of secrecy. Mild-mannered Tony Blair is a member.

Things are going swimmingly for them, what with millions of Muslims imported against the will of the people and wars in the Middle East that tend to strangle Christian influence there.

People don’t get it. They say “these leaders must be crazy” and “if only we could make them understand what they are doing to us.”

But they know exactly what they are doing to us. And they are far from crazy. But so far we have been docile little toadies bowing and scraping before them and dutifully taking notes as they instruct us in the most efficient means of self destruction.

That must stop or we are doomed.

Pray for Israel. Pray for the Middle East Christians.

Pray that others will wake up and see the evil shadow government behind the mask and behind weasel words like peace, sustainable development, green energy, wealth redistribution, quantitative easing

The Ruling Elites also speak out of both sides of their mouths on Israel and the Jews, subtly promoting anti-Jewish sentiment eerily reminiscent of Germany in the 30s and 40s, while pretending to honor holocaust victims. As a result of their anti-Jewish whispering campaign, I find that even some of my freedom advocating correspondents in Europe, who properly grasp that the EU is a dictatorship, show decidedly anti-Jewish sentiments, failing to understand that in so doing, they are, tragically, supporting the people they think they are opposing.

The words of Western “leaders” mean just the opposite of what they say and suggest.

Open your eyes.

You can’t fight an invisible enemy, and you can’t survive if you don’t fight back.

 

I tried to warn you before:

http://laiglesforum.com/ghadaffi-dies-of-propaganda-overdose/2772.htm

http://laiglesforum.com/i-told-you-so-again/2697.htm

http://laiglesforum.com/my-government-is-killing-me/2159.htm

http://laiglesforum.com/spare-me-the-crocodile-tears-when-northern-africa-explodes/2215.htm

http://laiglesforum.com/how-western-powers-abet-christian-persecution/2513.htm

http://laiglesforum.com/us-media-cover-up-ivory-coast-massacre-details/2398.htm

http://laiglesforum.com/why-i-am-not-on-our-side-any-more/2174.htm

http://laiglesforum.com/the-far-left-connection-to-the-near-east-rebellion/2224.htm

http://laiglesforum.com/2286/2286.htm

 

The Fabian society:

http://centurean2.wordpress.com/2010/10/31/the-city-of-london-and-the-fabian-society-2/

 

Ghadaffi dies of propaganda overdose

Western hypocrisy exposed

 

Don Hank

I have been debating with a friend over the issue of why Ghadaffi has been treated worse than other leaders of the same region. After all, what Muslim leader has not shown unusual cruelty in the course of his reign?

One thing that my friend brought up was that Ghadaffi had instituted Sharia law.

The problem is that, while Ghadaffi did in fact make a stab at using Sharia as a reference, or sort of Constitution, he soon found that it didn’t work in the real world, and he very shortly abandoned it (see link below).

On the other hand, Obama bowed obsequiously before King Abdullah during a visit not long ago but yet Saudi Arabia has one of the most inhumane treatments of prisoners of any country in the world – thanks to its reliance on Sharia law. So here you have Ghaddafi, who abolished cruel Sharia, vs. Abdullah, whose regime relies on Sharia, and whom do the Western elites (incl notably, Obama) call cruel?

Why, Ghadaffi, of course. (Not saying he wasn’t, but why single him out if other Middle East regimes are arguably more cruel?).

Then my friend, who avidly reads the MSM, said he had read that Ghadaffi had brought poverty to his nation. So I did some internet searches on Libyan poverty and found that the only articles claiming Libyans were poor had been written during the run-up to the Libyan rebellion, by reporters in countries whose leading politicians supported the ouster of Ghadaffi. Does anyone doubt that much of what the MSM reports, and the way they report it, is largely propaganda supportive of government policy, particularly that of increasingly authoritarian governments in Europe and the US?

On the other hand, I discovered that, in 2009, the year with the most complete reporting for all countries in the region, the average per capita income in Libya was several times that in neighboring countries, namely, $9,957 (up to $13,800 this year).

Here are some reference figures for average incomes in other countries that same year:

Afghanistan: $4,526

Iraq: $2,565

Kosovo: $3,080

Morocco: $2,808

Egypt: $2,699

Tunisia: $4,199

 

Now, you will note that Iraqis, who had been under US control since 2003, or about 5 years at the time of that compilation, had an average annual per capita income of only a third that of Libya, while Afghanis, who have been under Western Coalition control since 2001, or about 7 years at that time, earned less than half the income of Libyans. Kosovo, which was also created by the Western powers through war, had some of the lowest income in all of Europe, about one-third of what Libyans earned.

So it doesn’t look as though poverty is a viable argument against Ghadaffi, even though it was a favorite in the MSM in the run-up to his murder. After all, if impoverishment of one’s people is grounds for murdering a leader, then what should we do with the leaders (notably Western ones) responsible for countries poorer than Libya?

But when I articulated these arguments, my friend then said he thought it was more of an issue of wealth distribution, with Ghadaffi receiving vastly more than his share. However, the UN’s calculation of the Gini index, which is the best indicator of wealth distribution, was not collected for the countries that I wanted to study for my analysis, namely, Libya, Iran and Saudi Arabia.

So if there are no official data available, then apparently Western anti-Ghadaffi arguments were based solely on speculation and anecdotal evidence.  Yet, if you want to trade Libya anecdotes for Saudi Arabia anecdotes, for example, on the subject of wealth distribution you can swap stories ‘til you drop. Here’s a tofer for you, evidence of both human rights violations and poverty: A blogger was arrested this year in Saudi Arabia for posting evidence of poverty in that country. Not just a tad bit authoritarian? And not evidence that enough poverty exists that the government is scared word might get out.

You know what all this reminds me of?

A movie I once saw about a corrupt sheriff’s department in the south that stopped a car driven by a black northerner and tried to charge him but couldn’t think of a charge. They couldn’t get him for speeding because he wasn’t speeding. They couldn’t get him for drunk driving either because he was significantly more sober than a judge.

One of the deputies finally found a tail light out and they fined him on that flimsy charge.

That is the story of Libya’s Ghadaffi: a failed tail light and now he’s toast.

So what was the real motive behind the persecution and murder of Libya’s strong man, who had brought prosperity to his country and was apparently well enough liked that many of his countrymen laid down their lives for him?

The hypothesis that holds up best to scrutiny is that the Western power elite despises Western culture, especially the Judeo-Christian aspect, and here was an opportunity to rid the Middle East of another secular leader who tolerated Christians and Jews (he imported blacks from southern Africa as laborers and he cooperated with the West in its policies regarding Israel). After all, why else would the Ruling Class import millions and millions of Muslims to Europe knowing that they would not assimilate, that they would cause trouble, and that they oppose Christianity and its trappings? And why did every conflict with Western involvement – Iran, Kosovo, Iraq, Afghanistan, Ivory Coast, Egypt, etc. — ultimately wind up with almost all of the native Christians banished from their homeland of generally about 2000 years?

I have shown copious evidence of this anti-Judeo-Christian motive in numerous articles, and with each move that the West makes in the Middle East I become more and more convinced of it:

http://laiglesforum.com/i-told-you-so-again/2697.htm

http://laiglesforum.com/my-government-is-killing-me/2159.htm

http://laiglesforum.com/spare-me-the-crocodile-tears-when-northern-africa-explodes/2215.htm

http://laiglesforum.com/how-western-powers-abet-christian-persecution/2513.htm

http://laiglesforum.com/us-media-cover-up-ivory-coast-massacre-details/2398.htm

http://laiglesforum.com/why-i-am-not-on-our-side-any-more/2174.htm

http://laiglesforum.com/the-far-left-connection-to-the-near-east-rebellion/2224.htm

http://laiglesforum.com/2286/2286.htm

 

Check out these links showing the West’s extreme hypocrisy in the Ghadaffi saga:

http://www.thenational.ae/news/worldwide/africa/poverty-persists-in-libya-despite-oil-riches

Libyan average annual gross domestic product per capita has reached US$13,800 (Dh50,868) per year

(written after OBL killed, so very recent).

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

2009, Libya

 

http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:IRQ&dl=en&hl=en&q=gdp+per+capita+iraq

Iraq: $2090 in 2009

 

http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:AFG&dl=en&hl=en&q=gdp+per+capita+afghanistan

Afghanistan: $468 in 2009

 

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

All 2009:

Average annual GDP per capita in Libya: $9,957

Afghanistan: $4,526

Iraq: $2,565

Kosovo: $3,080

Morocco: $2,808

Egypt: $2,699

Tunisia: $4,199

 

http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

Wealth distribution:

Gini index: NO DATA for Libya, Iraq, Saudi Arabia

 

http://www.nytimes.com/2008/08/17/business/worldbusiness/17iht-inflation.1.15359629.html?pagewanted=all

A January wage increase of 5 percent for government employees disappointed those Saudis who earn less than 10,000 riyals, or $2,666, a month, especially after other Gulf countries moved more quickly to raise wages by larger amounts.

 

http://thelede.blogs.nytimes.com/2011/10/19/saudi-video-blogger-reportedly-detained-for-showing-poverty-in-riyadh/?scp=2&sq=saudi&st=Search

Saudi Video Blogger Reportedly Detained for Showing Poverty in Riyadh

A popular Saudi video blogger was detained this week, along with his crew, after his report on poverty in the kingdom’s capital, Riyadh, was viewed hundreds of thousands of times on YouTube, human rights activists said.

The blogger, Feras Bugnah, was arrested on Sunday with his colleagues Hosam al-Deraiwish and Khaled al-Rasheed, in connection with the latest episode of their online show, “We Are Being Cheated,” according to the Saudi Civil and Political Rights Association.

 

http://thelede.blogs.nytimes.com/2011/05/26/more-saudi-women-record-driving-videos/?scp=28&sq=saudi&st=Search

Saudi women may not drive

 

http://www.amnesty.org/en/news-and-updates/saudi-arabia-executes-eight-bangladeshi-nationals-2011-10-07

Beheadings

The beheadings bring the number of executions in Saudi Arabia this year to at least 58, more than double than the 2010 figures. Twenty of those executed in 2011 were foreign nationals.

http://www.hrdc.net/sahrdc/hrfeatures/HRF133.htm

2005

And only those with a perverse sense of what constitutes justice would have approved of the news of an Indian man in Saudi Arabia facing the ‘punishment’ of having his eye gouged out.

http://lankapolity.blogspot.com/2011/06/inhuman-treatment-for-sri-lankan.html

6/07/2011

A Sri Lankan who was found guilty for selling liquor in a public place in Taif city Saudi Arabia while being drunk has been subjected to 430 lashes

So now it’s all the banks’ fault?

All of a sudden, the CRA never happened and no banks were forced to give loans to the insolvent. And no banks were induced to follow suit to make a quick buck.

 

Don Hank

When the banks crashed in 2008, people on the Right figured out that the CRA (Community Reinvestment Act, which forced banks to lend more money to the “underserviced communities”) had something to do with it.

A lot was said and written about the CRA and the case against it looked pretty airtight.

But then leftwing analysts issued damage control statements supposedly showing that the CRA played only a minuscule role. They argued, among other things, that the CRA was enforced only on certain large banks while others did not have to comply.

Conservative observers bought into this story without further examination, and all of a sudden, everyone was looking elsewhere for a culprit: And they found blood on the hands of the Fed, the corporations, the lobbyists, etc, all of whom certainly had played a role.

I must agree, of course, with the libertarians and even the OWS crowd that corporations and banks contributed in no small way to the crash.

And I agree with Ron Paul, Alex Jones, Steph Jasky, Karl Denninger, Bill Stills and others that the Fed, with its inflationary policies and cheap credit in the midst of a housing bubble, had a huge hand in the crash. There is a lot of political hay to be made off the anger of many in the Occupy Wall Street crowd who can see only corporate greed as the culprit. Conservatives who spell out the entire narrative, including the role of leftist government, risk losing their constituency and their followers.

So with all these individuals and groups jumping on the anti-corporate and anti-Fed bandwagon, should the CRA get off Scott free?

Amidst the lynch crowd fervor, should we really let the government off the hook?

I go on the theory that the truth is always best, even if it is bad for one’s popularity at times.

Thus, one side of the rather complex discussion has been muted, and yet, that is the message we all need to focus on right now, if for no other reason than that it is a blind spot that could cause many to think the private corporations are solely to blame, when the government was the culprit that got the ball rolling toward the housing crash and subsequent subprime crisis by enforcing horrendous wealth redistribution law that was doomed to fail from the start. After all, exonerating a truly guilty party can only induce devious characters to do more mischief.

Case in point: taking advantage of the blackout regarding the seminal causes of the crash, Barney Frank, one of the most heinous offenders in the run-up, hypocritically teamed up with Chris Dodd after the crash to write tighter banking regulations, slyly dissimulating that his own support for the CRA had contributed to the economic/financial downturn in a way that some are now calling criminal.

So let’s be honest and let the chips fall where they may. The government played a seminal role in the crash with its CRA enforcement, as aided and abetted by ACORN, even though a superficial analysis may suggest it was not that big a role. So how did this devastating law do its dirty work in the shadows?

It pulled off this feat because it was not the government forcing banks to make loans to the insolvent, which was just an initiator or catalyst. It was rather the less visible effect of the CRA’s policy allowing (force was soon no longer needed) the banks to make bad loans with the tacit guarantee that the loans would be guaranteed by government.

See, if a law forces some people to use unsound banking policies, i.e., deliberately lending to the insolvent, then it can hardly prosecute banks that do this, even if they were not the ones originally targeted by the legislation. Thus the CRA opened the flood gates for horrendous banking practices never seen before on this scale by providing a huge incentive for banks to make money hand over fist at taxpayer expense.

All of this is further compounded by the fact that neither banks nor most (if any) American corporations can be thought of as representing true free market capitalism. So for the OWS activists or anyone else to blame the crash on capitalism is like blaming saber tooth tigers for making the outdoors unsafe.

But we aren’t talking about any of this now. Somehow, the narrative of the CRA as an insignificant contributor to our woes has assumed the status of settled science.  We’ve been led down a rabbit trail by both the far left and the well-meaning right that got lost and started seeing only the role of the banks.

But you know what? This topic of government culpability is much too young to die. Let’s drag it back onto the table again and take a longer look this time.

Building on Cain’s 9-9-9 Plan for Radical Change

The following was posted by Laigle’s Staff writer Anthony Horvath at his blog:

I understand that Cain’s 9-9-9 plan is just phase one in a more powerful overhaul, but I am leery about any plan that cannot be attained within a single term of the presidency.  Moreover, we cannot count on the legislators to get behind it, or sustain it once it gets going.

So that’s a pickle, right?  There pretty much isn’t a plan out there that can be rolled out within a single term with the assurance that the legislative branch will implement it as proposed (and not load it with 2,000 pages of caveats).

So what to do?

Suck it up and vote for Herman Cain.

And consider a different plan that actually tackles these issues head on and effectively ensures that the plan comes to fruition.

The plan is simply this:  deny the Federal government the right to collect individual and corporate taxes, period.  Instead, the Federal government would collect funds from the states.  The states in turn would be in charge of collecting the taxes that would then be sent along to the Federal government.  How the states collect that revenue would be entirely up to each individual state.  Each state would be assigned an ‘amount due’ based on some kind of objective and reasonable criteria, like for example, on a per capita basis and a calculation of that state’s particular burden on the Federal budget.

Read the whole proposal

Corporations: A government in the shadows

Are corporations torch bearers of the free market?

Not even close – despite what the “conservative” media and politicians are telling you

 

Don Hank

There is a certain resistance among the public to admit that it is not you and I but the corporations and their lawyers, partnering with the Federal Reserve, that run America. Many conservatives hate to hear anyone “malign” corporations because to them, corporations, including banks, bear the torch of sacred capitalism. The GOP bosses are content with this situation.

On the other hand, since most big corporations donate mostly to the Democrat party, Democrats — especially those in the media and politics – are also loathe to broach the subject of corporate control over government.

Besides, the same corporations lobbying for open borders and amnesty for illegal aliens are also helping build Democrat power. Everyone knows how Latinos tend to vote.

And when it comes to “green” boondoggles, all the fat cats want in on them. They will of course mean a net loss of jobs and enormous subsidies for the most inefficient technologies known to mankind, but “green” subsidies flow freely from government coffers, as anyone following the Solyndra story knows.

Now, many of these corporate lobbyists are pushing very hard for open borders. They donated big bucks to pliable candidates and expect some bang, like more illegal alien labor, for example, and better legal conditions for sending your job overseas. Big corporations and Big Politics want precisely what you dread.

So what about us little people down here?

I wonder what people would say if they knew that the power of their vote is negligible compared to the pressures brought to bear by Big Business lobbies, which effectively dictate policy to your elected officials. I wonder how many have ever figured out that it was your senator’s and congressmen’s utter subservience to corporate lobbyists that made them vote for the TARP bailouts even after receiving phone calls begging them not to vote for it at the rate of 300 calls against the bailouts per 1 call in favor.

I wonder what will happen once the cat is out of the bag.

Maybe We the People will assume our rightful place in this great nation again.

Maybe.

But not unless we put our thinking caps on and realize what is really happening. Try asking yourself honestly: would corporations spend billions of dollars lobbying if they weren’t getting a financial “kickback” in some form or other? And are these kickbacks free or do they cost you money? 

It’s not that long between now and election time. Will your candidate discuss this with you in town meetings or will he mutter something snide, look around and say “next question”? If he isn’t leveling with you on the economy, fire him. You’re his boss and can’t afford another sluggard on your staff.

Where does your presidential candidate stand? I don’t recall the Fox moderators asking about the power of the corporate lobbies. And yet, business as usual in Washington brought down the world economy and cost millions of American jobs.

It’s time to wake up and make the economy and your job the front-burner issue this time around.

DEMAND:

CONGRESSIONAL CONTROL OF THE MONEY (NO MORE FEDERAL RESERVE)

STRICT CONTROLS ON LOBBYING, ESP CORPORATE LOBBYING

Now recall that the mainstream “conservative” media keep reminding you that the Occupy people are all a bunch of Marxists. So what about Alex Jones and Ron Paul’s followers? They aren’t Marxists and they have attended the Occupy rallies in significant numbers all over the country, teaching independents about the issues, making converts. So have people like Steph Jasky and Karl Denninger, who played a key role in founding the Tea Party, as well as a ton of other top-notch people. All while you stayed home, paralyzed with fear by what you read in the “conservative” press and blogosphere about being tainted by the lefties supposedly in charge. Like that photo of a young anarchist backed up against a police car, pants at half-mast, in an act of defiant defecation. Think anyone follows him? All in all, whatever Marxists may be participating in the rallies out in the cities and towns across the country are clueless non-contenders and will have almost no power in this movement if we play our cards right for a change. As I have said before, the movement is ours for the taking. Why do you think the Republican leaders and their minions in Big Talk Radio are all bad mouthing the movement?

Clue: Many of these people on the street are on to the lobbying games that the corporations – as well as the Fed — are playing, and threaten to spoil things for Big Politics by returning the power to you.

That is the main factor in all the negative press on the right. So why do leftwing politicians high five these young protesters? That’s easy. So far, they’ve been smarter than us. They know they can control the movement and its narrative if they act like they are behind it all. But they’re bluffing.  Yes, ACORN, Soros, Van Jones and other shadowy types with Obama links have in fact dreamed up schemes like this and undoubtedly had a hand in it, just as they no doubt had a hand in the Egyptian riots. But this isn’t Egypt now. It’s our turf, and no one can control it unless we let them. So far, the Left is spinning its wheels as its power slips away. Protesters interviewed on camera, for example, have ripped Obama mercilessly for his failures. The End the Fed movement is all over these rallies and for whatever faults they may have, they are vehemently anti-Obama and pro free market.

So if people like you can start thinking – and acting – outside the box, the whole football can be stripped from the hands of the corporatist elites and, with God’s grace, you can have your country back.

Sure, it will be hard work. And the propaganda aimed at making you think you are in bad company among the protesters will be non-stop. That’s a given.

Some of my Christian brethren are saying that to join the protests would mean being unequally yoked.

But consider this: If a bunch of atheists lobbied to make churches accountable for the actions of pedophile church workers, you wouldn’t side with the pedophiles, would you?

Voting against the pedophiles would not make you an atheist and it would not make you look like one. It would be doing God’s work because pedophiles not only harmd children, they are a stumbling block to the unsaved and give the churches a bad name. Let’s be real: For every candidate you have ever voted for, some unsavory characters also voted for him. So what?

Don’t be afraid to join forces with new people who are starting to get it and are just as mad as you, but maybe don’t have as clear a grasp of the issues. You may be the person who reaches a wishy-washy fence rider.

After all, I can’t think of a single election cycle when people on both sides of the political spectrum have been so mad for the same reasons – irrespective of their ideologies.

What a gorgeous opportunity!

If you let the political elites who stole your country steal the election this time around, don’t blame it on me.

 

Some statistics to consider:

 

http://allthingsd.com/20101223/what-tech-companies-are-spending-in-washington/

 

Verizon spent $3.83 million lobbying on several issues, including taxes and texting while driving, at numerous branches of the federal government, including the White House, Congress, the Internal Revenue Service and the Federal Trade Commission. It spent $2.96 million in the same period a year ago.

AT&T spent $3.47 million, up from $3.18 million a year ago. Its agenda items included legislation on calling cards, broadband buildouts and distracted driving.

Hewlett-Packard spent $1.6 million–nearly double the $970,000 it spent in the third quarter of last year–chatting with members of Congress and officials at the Department of Justice and the Commerce Department about taxes, immigration and how government agencies use technology in the areas of health care and law enforcement.

Microsoft spent $1.63 million, an increase from $1.49 million a year ago. It visited Congress, the Pentagon and the Departments of Commerce and Homeland Security to talk about computer security, how the government buys software and the competitive state of online advertising. It also lobbied the Federal Communications Commission on net neutrality.

Oracle spent $1.6 million, up from $1.3 million, lobbying Congress, the Pentagon and the Department of Homeland Security on patent litigation and the government’s technology spending plans.

Google spent $1.2 million in the third quarter (which TechCrunch noted in October following a press release by Consumer Watchdog), an increase from $1.08 million in the same period a year ago.

IBM spent $1 million, up from $850,000 a year ago, talking about transportation, the power grid, funding for research and the military, on visits to Congress and the Departments of Transportation, Defense, and Health and Human Services.

Intel spent $830,000, which is notable because the amount decreased from $1.1 million a year ago. Intel was the target of both a private antitrust lawsuit from rival Advanced Micro Devices and a government antitrust investigation by the Federal Trade Commission, both of which were intensifying in the fall. Both cases have since been settled. Its efforts were in immigration, government research funding and issues related to trademarks and education.

Yahoo spent $540,000, up from $510,000 a year ago.

Apple, easily the most influential company in consumer technology today, spent relatively little on lobbying efforts: Only $340,000 [BUT they had Al Gore on their board of directors. How cozy. 90% of their political donations went to the Democrats. Did you know that Steve Jobs “invented” mostly cosmetic changes in devices? Can you name an inventor who actually devised the really high-tech stuff like the iPod itself or the Apple computer and monitor electronics? Didn’t think so. They didn’t have dinner with Al Gore—Don Hank].

Facebook spent $120,000.

For a little more on what companies spend on lobbying efforts in Washington, it’s always enlightening to peruse the database maintained by the Center for Responsive Politics, which tracks not only lobbying expenditures but campaign contributions.

As you can see, the CRP shows that, among computer and Internet companies, Microsoft was the leading lobbying spender for the first nine months of the year. The wireless industry’s trade association, the CTIA, led the pack in the telephone equipment and services category, spending more than $6 million. Meanwhile, Verizon and AT&T each spent more than $12 million.

http://www.alternet.org/story/146643/hightower:_washington_overrun_by_11,000_corporate_lobbyists_and_$500_million_in_corrupting_donations

  • 11,195. That’s the number of corporate lobbyists who are presently plying their nefarious trade day and night in Washington’s hallways and back rooms.
  • $2.95 billion. That’s the amount that corporations spent on lobbyists last year alone (a sum more than six times greater than the total spent by all consumer,environmental, worker, and other non-corporate groups combined).
  • $473 million. That’s the sum of money that corporate executives and lobbyists have slipped into Washington’s many political pockets–so far–for the 2010 election cycle, including donations to candidates, leadership PACS, and party committees. We are still seven months from the 2010 elections, and already corporate spending has reached the record-breaking total of $475 million shelled out for the entire 2008 cycle.