Einstein proves fraud

Huge securities trading spike occurs before it would be possible to even receive the information electronically, much less react to it after reading it.

"[T]he Fed news was certainly present in trading centers in Chicago and New York before 2pm. The evidence is overwhelming. It is unknown how many people had access to this information - for a timed news release, it would have been at least an administrator, probably Q.A. and others. What we do know is the resulting explosion of trading just 1 thousandth of a second after 2pm, was unprecedented in the history of Fed news announcements, and much of that trading was based on information obtained before the set Federal Reserve Board release time."
I'm betting that there won't be any prosecutions.

Continue ReadingEinstein proves fraud

Following the money to understand political corruption

Shocking story by "This is American Life." Nancy Pelosi attends 400 political fundraisers per year. Politicians of both parties spend untold amount of town raising money, planning to raise money or thinking about raising money. How much money do members of the house of representatives need. At 7:41 of this recording, you'll hear a Federal Representative from Ohio admitting that he needed to raise $10,000-15,000 PER DAY. This amounts to $2.5 M over two years. The story goes on and on, and amounts to a total corruption of our supposed democracy.

Continue ReadingFollowing the money to understand political corruption

Nixon more Liberal than Obama?

Fascinating article in Daily Kos. Here's some of Nixon's accomplishments (granted, that he had a different Congress):

1969 - Nixon enters peace negotiations with North Viet Nam 1970 - Nixon negotiates permanent deal with USSR not to use Cienfuegos (Cuba) for ballistic missile Submarines 1971 - Nixon increases arms sales and loans to Israel 1972 - Nixon enters into successful SALT talks with USSR 1973 - Nixon withdraws thousands of troops from VietNam, ends draft. 1973 - Nixon agrees to support Israel, begins airlift that allows Israel to counterattack. Nixon and the USSR negotiate a peace protecting Israel and ending the war.
Big sections on domestic policies too. Well worth a read.

Continue ReadingNixon more Liberal than Obama?

Putting Larry Summers in charge of the Federal Reserve is absurd

Lee Camp explains why it is absurd for Barack Obama to even be considering putting Larry Summers in charge of the Federal Reserve. Here is the referenced article by Greg Palast. Here's an excerpt:

The Memo confirmed every conspiracy freak's fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears. The Treasury official playing the bankers' secret End Game was Larry Summers. Today, Summers is Barack Obama's leading choice for Chairman of the US Federal Reserve, the world's central bank. If the confidential memo is authentic, then Summers shouldn't be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world. The memo is authentic.

Continue ReadingPutting Larry Summers in charge of the Federal Reserve is absurd