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Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934 AN ASTOUNDING EXPOSURE

March 30th, 2010

Link: http://hiwaay.net/~becraft/mcfadden.html

"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. "Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

Nearly 300 Congress members declare commitment to 'unbreakable' U.S.-Israel bond

March 29th, 2010

Link: http://www.haaretz.com/hasen/spages/1159159.html

Nearly 300 members of Congress have signed on to a declaration reaffirming their commitment to "the unbreakable bond that exists between [U.S.] and the State of Israel", in a letter to Secretary of State Hillary Clinton. The letter was sent in the wake of the severe recent tensions between Israel and the U.S. over the prior's decision to construct more than 1,600 new housing units in East Jerusalem, a project it announced during U.S. Vice President Joe Biden's visit to the region. Prime Minister Benjamin Netanyahu took advantage of his trip to the United States this week to try to mend the rift with the Obama administration, but he was greeted with cold welcome by the White House. Netanyahu also met during his visit with members of Congress, who welcomed him with significantly more warmth. The letter from Congress expresses its "deep concern" over the U.S.-Israel crisis, and emphasizes that lawmakers had received assurances from Netanyahu that the events leading up to the recent tensions would not be repeated.

Skills and Materials for Post-Petroleum Economies

March 27th, 2010

Link: http://culturechange.org/cms/index.php?option=com_content&task=view&id=633&Itemid=1

Margot McDowell is a sail maker and seamstress in Anacortes, Washington. She has a counterpart here and there in the region, such as a woman in Port Townsend and a woman in Bellingham. Considering the number of sailboats and ongoing demand for more sails and sail repair, these sail makers barely comprise a local industry. This is because the great majority of sails are made in Taiwan -- made out of Dacron, a petroleum product. Margot is anticipating retirement in a few years, but she works alone, in a large sail loft that formerly was a church. She has no apprentice or assistant. When she leaves the business, her customer base will have to look to other islands and towns, possibly encountering less experience or higher prices. For corporate globalists, obtaining all sails and even sail repairs from across the Pacific is fine and dandy. Tradition, local talent and community resilience have almost no value in Free Market ideology. When the few who think about the energy-poor tomorrow to come -- after the last spasms of petroleum-fed gluttony -- wonder about maintaining a modicum of trade, substitutes for petroleum are discussed. Many practices will be ending abruptly. The illogical shipping of raw logs from the Pacific Northwest to Asia, where wood is finished and shipped back to the U.S. at value-added consumer prices, is a prime example. But there is good reason to keep using certain petroleum-based products well into the future even when they are no longer manufactured:

Billionaires Soar with Economic Crisis

March 27th, 2010

Link: http://www.geopoliticalmonitor.com/billionaires-soar-with-economic-crisis-1


Vladimir Lisin with $15.8 billion

Summary: The current global financial and economic crisis confirms that during economic upheavals the rich get richer and the poor become more destitute. Analysis: On Thursday, Forbes Magazine carried an updated list of the world's wealthiest people. As of late 2009, the number of billionaires soared from 793 to 1,011 and their total fortunes from $2.4 trillion to $3.6 trillion. The number of Russian billionaires almost doubled, from 32 to 62. The list's authors believe that an increase in the number of wealthy people highlights the end of the recession, but it may also signal the appearance of new bubbles in the economy. Mexican telecommunications king Carlos Slim Helu opens the list with $53.5 billion. He is followed by last year's leader, Microsoft founder Bill Gates with $53 billion and American investor, businessman, and philanthropist Warren Buffet with $47 billion.

This year, US public debt could reach end game

March 25th, 2010

Link: http://www.asianews.it/view4print.php?l=en&art=17781

By the end of 2010, the US Treasury will have to refinance US$ 2 trillion in short-term debt, plus additional deficit spending for this year, estimated to be around US$ 1.5 trillion (US$ 1.6 trillion today two months after the original article was published). Together, the US Treasury will need to borrow US$ 3.5 trillion (US$ 3.6 according to this writer) in just one year. In 1999, two well-known economists—Alan Greenspan and Pablo Guidotti—published a formula in an academic paper. Kept secret for a long time, it is designed to predict with precision when a country’s public debt will lead it to be insolvent. Called the Greenspan-Guidotti rule, it says that to avoid a default, countries should maintain hard currency reserves equal to at least 100 per cent of their short-term foreign debt maturities. According to the author, the United States holds 8,133.5 metric tonnes of gold (the world's largest holder). At November 2009 dollar values, that is about U$ 300 billion.[5] The US strategic petroleum reserve shows a current total position of 725 million barrels. At current dollar prices, that is roughly US$ 58 billion worth of oil. According to the IMF, the US has US$ 136 billion in foreign currency reserves. Altogether, that is some US$ 500 billion in reserves (US$ 455.5 billion according to AsiaNews). Foreigners hold 44 per cent of US$ two trillion short-term US debt; that is US$ 880 billion. Total domestic savings in the United States are only around US$ 600 billion annually. If the United States needs to sell US$ 3.5 trillion (or US$ 3.6 trillion) in Treasury bills, and all domestic savings combined are put into US Treasury debt, the United States will still fall short by nearly US$ 3 trillion. Where is the rest of the money going to come from?

"SICKo" by Michael Moore, full documentary

March 21st, 2010

Link: http://www.youtube.com/watch?v=a7pCaK0aASE&feature=PlayList&p=6B738A9C3006D23E&index=0&playnext=1

When you are denied health insurance Sometimes even healthy people can't get a company to sell them a policy. Jacqueline Ruess was lying on a bed inside a hospital in Boca Raton, Florida, still woozy from anesthesia but hoping that, maybe just this once, she'd caught a break. She'd had laparoscopic surgery in order to examine a growth her gynecologist thought might be ovarian cancer. Ruess, who was 34 at the time, in the fall of 2001, feared that her two young boys, whose father died from a congenital heart defect three years earlier, were on the verge of losing her as well. "It was probably the darkest week of my life since my husband passed away," she recalls.

Domestic violence as pre-existing condition? 8 states still allow it

March 19th, 2010

Link: http://www.mcclatchydc.com/2009/10/04/76477/domestic-violence-as-pre-existing.html

Eight states and the District of Columbia don't have laws that specifically bar insurance companies from using domestic violence as a pre-existing condition to deny health coverage, according to a study from the National Women's Law Center. The states are Idaho, Mississippi, North Carolina, North Dakota, Oklahoma, South Carolina, South Dakota and Wyoming. The study by the nonpartisan, nonprofit center focused on individual coverage, not group coverage. Some of the states, particularly North Carolina, argue that other statutes on their books address the issue. At least one of the health care bills circulating in Congress includes a specific federal prohibition on the use of domestic violence as a pre-existing condition. Other bills include blanket bans on pre-existing conditions.

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