Saturday, 17 September 2011 07:57
'According to military sources, the Kingdom of Saudi Arabia would have dispatched a convoy of armored vehicles, amongst which were war tanks, and other military equipment to Yemen in order for its regime to quell the rising popular movement against president Saleh.
After having attempted for months to bring a political solution to Yemen’s popular uprising, it seems that the Kingdom has exhausted its diplomatic avenues, preferring to refer to oppressive methods to re-establish tranquility.'
Saturday, 17 September 2011 07:51
'The Enron scandal saw, among other crimes, the savings and retirement funds of tens of thousands of employees disappear when the politically connected energy giant went bankrupt overnight, but it was the cronyism- the company’s direct connections to Bush, Cheney and other insiders which left the worst taste in America’s mouth. Last week, deja vu hit the Obama White House, as his favourite green pet- solar energy firm Solyndra, managed to do an overnight disappearing act with over $500 million in taxpayer funds. What’s worse is that just like Enron, the solar energy firm’s connections go right up through Washington, and right up to the President himself.
From a policy level, it’s a complete wash out due to the fact that despite over half a billion dollars in Federal Financing Bank handouts, Solyndra did not manage to create any new ‘green jobs’. On an insider corruption level, things are looking even bleaker.'
Read more: Solargate: Obama’s Big Green Scandal That Won’t Go Away
Saturday, 17 September 2011 07:46
'For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to. Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress. Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit. Does that sound preposterous?
Well, such an organization actually exists. It is called the Federal Reserve, and today we found out that once again the Fed is going to be taking huge piles of your money and loaning it to commercial banks in Europe. The Congress cannot overrule this decision. Neither can Barack Obama. Because it has so much power, many refer to the Federal Reserve as "the fourth branch of government", but unlike the other three branches of government, there are basically no significant "checks and balances" on the Federal Reserve.
If you don't like the fact that the Federal Reserve is racing in to help big foreign banks survive the European debt crisis that is just too bad. The Federal Reserve pretty much gets to do whatever it wants to do, and the folks over at the Fed simply do not care whether you like that or not.'
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