17 States Considering Publically Owned State Banks

“Taking a cue from North Dakota, a large number of state governments are considering the establishment of a state bank.

 “In the wake of the financial and mortgage crises, proponents are pushing for states to rely less on large national private banks and establish state-run financial institutions.”

William Black: The Greatest Bank Robbery Ever

Guns and Butter

“The Greatest Bank Robbery Ever” with William K. Black. Banks, intensifying financial crises; money manager capitalism; sovereign currency; crony capitalism; theoclassical economists; control fraud, Commodities Future Modernization Act of 2000; S&L Liars’ Loan Crisis of 1990-91; Reinventing Government Movement; deregulation, desupervision and defacto decriminalization; fraud incentives; looting; subprime; Enron; Parmalat; BofA; Citigroup; Ameriquest; Washington Mutual; systemically dangerous institutions; Financial Accounting Standards Board (FASB); faux stress tests; European austerity crisis; Mario Draghi, President of the ECB.”


Torture Architect Argues For Indefinite Detention of Americans

ACLU: “Nothing short of chilling”

“In the aftermath of Barack Obama’s Presidential Policy Directive which forbids controversial provisions of the National Defense Authorization Act from being used against lawful residents, a former architect of the infamous Bush torture program today testified in favor of indefinite detention for US citizens.

“Following the release of a White House “fact sheet” which announced that “Section 1022 does not apply to U.S. citizens, and the President has decided to waive its application to lawful permanent residents arrested in the United States,” Steven G. Bradbury, former head of the Office of Legal Counsel (OLC) in the United States Department of Justice under the Bush administration, testified today that the law should be applied to American citizens in order to deal with “homegrown terrorists”. …..

“In his position as OLC head, Bradbury is widely acknowledged as one of the primary architects of the Bush torture program, having provided legal opinions that justified the kind of abuse that came to light in the aftermath of the Abu Ghraib scandal, which included torture by hanging, beating prisoners to death, raping women, and sodomizing detainees with batons and phosphorescent tubes. …

“It’s nothing short of chilling that the Senate Judiciary Committee would have as a witness one of the architects of the torture program,” American Civil Liberties Union legislative counsel Chris Anders told Raw Story. “This is a person who wrote several memos that provide legal justification for the torture program during the Bush administration, and wrote memos on how to try to circumvent legal protections that Congress had put in place to block the use of torture and abuse of detainees.”

“For Congress to be relying on someone who has shown so little disregard for the law that he would say that it’s legally okay to waterboard people and use other torture tactics against them is remarkable. It’s remarkable and it’s wrong.” …

As we explained in our previous article, although Obama’s PPD on exempting Americans from being subject to indefinite detention represents a worthy victory for civil libertarians, it comes after the administration itself demanded such provisions be applied to US citizens in the first place.

“It also provides no guarantee that a future administration, which could be in office in less than a year, will not use the ‘kidnapping provisions’ against US citizens. This is all the more reason to support efforts by states such as Virginia and Utah to repudiate the NDAA altogether.”


Let’s not forget that children were also tortured, according to Seymour Hersh.  And all of it is just a charade, given that 9/11 was overseen by dick cheney from the white house bunker.  But this is just fine with herr Obama, who refuses to prosecute this subhuman excrement and tries to hide his own culpability in carrying the baton for them.  It’s clear that his directive not to enforce the patently illegal provision that he himself demanded in the NDAA is only an attempt to defuse the states’ movements to nullify it.

So who will introduce such nullification legislation in missouri?

Reprise: Obama Lied About Opposition to NDAA Indefinite Detention Provision

How Greece Could Take Down Wall Street

In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15th:

Financial market cynics have assumed all along that Dodd-Frank did not end “too big to fail” but instead created a charmed circle of protected banks labeled “systemically important” that will not be allowed to fail, no matter how badly they behave.

“That may be, but there is one bit of bad behavior that Uncle Sam himself does not have the funds to underwrite: the $32 trillion market in credit default swaps (CDS).  Thirty-two trillion dollars is more than twice the U.S. GDP and more than twice the national debt. 

“CDS are a form of derivative taken out by investors as insurance against default.  According to the Comptroller of the Currency, nearly 95% of the banking industry’s total exposure to derivatives contracts is held by the nation’s five largest banks: JPMorgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs.  The CDS market is unregulated, and there is no requirement that the “insurer” actually have the funds to pay up.  CDS are more like bets, and a massive loss at the casino could bring the house down.

“It could, at least, unless the casino is rigged.  Whether a “credit event” is a “default” triggering a payout is determined by the International Swaps and Derivatives Association (ISDA), and it seems that the ISDA is owned by the world’s largest banks and hedge funds.  That means the house determines whether the house has to pay. The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an “event of default” declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme.  According to Rudy Avizius in an article on The Market Oracle (UK) on February 15th, that explains what happened at MF Global, and why the 50% Greek bond write-down was not declared an event of default. 

“If you paid only 50% of your mortgage every month, these same banks would quickly declare you in default.  But the rules are quite different when the banks are the insurers underwriting the deal. ” …


But there is yet another level of intrigue here: who is running the show at the credit ratings agencies (S&P, Moodys) which are playing such a big part in this meltdown?  Why, the same people who own the TBTF banks, which after all are shell companies whose assets are long gone to secret offshore accounts.  The idea is to bring down the entire financial infrastructure.  The endgame which will create such desperation that people will willingly follow the savior puppets who lead the public arm of global governance.

Syria: Clinton Admits US “Allied” with Terrorists

Allied isn’t really the right word here.  The US is orchestrating the destabilization of syria utilizing its terrorist assets such as al qaeda, which is a wholly owned subsidiary of CIA Inc, as former UK foreign minister Robin Cook admitted years ago. ( http://www.guardian.co.uk/uk/2005/jul/08/july7.development ) and which is obvious to anyone who isn’t still under the spell of the corporate/governmental psyop operation known as the mainstream media.

“There is ample evidence that teams of snipers who have been killing civilians over the past year in Syria belong to the terrorist formations to which Clinton is referring to.  As Michel Chossudovsky points out in a recent article: “Since the middle of March 2011, Islamist armed groups – covertly supported by Western and Israeli intelligence – have conducted terrorist attacks directed against government buildings, including acts of arson. Amply documented, trained gunmen and snipers, including mercenaries, have targeted the police, armed forces as well as innocent civilians. There is ample evidence, as outlined in the Arab League Observer Mission report, that these armed groups of mercenaries are responsible for killing civilians. 

While the Syrian government and military bear a heavy burden of responsibility, it is important to underscore the fact that these terrorist acts – including the indiscriminate killing of men, women and children – are part of a US-NATO-Israeli initiative, which consists is supporting, training and financing  ‘an armed entity’ operating inside Syria.” [2]

 “The admission at the weekend by Hillary Clinton corroborates the finding that armed groups are attacking civilians and these groups are terroristic, according to US own definitions, and that the situation in Syria is not one of unilateral state violence against its population but rather is one of a shadowy armed insurrection.

 “Clinton’s admission retrospectively justifies the stance taken by Russia and China, both of which vetoed the proposed UN Security Council Resolution on 4 February, precisely because that proposal was predicated on a spurious notion that the violence in Syria was solely the responsibility of the Al Assad government.”


The idea they’re pursuing is to force the syrian government to militarize domestically, which will interfere with commerce like food distribution and create what the psyop media calls collateral damage.  Destabilization can take many forms, from arming and financing militarized groups in libya to murdering school teachers in nicaragua to bombing water plants in iraq to shooting random passers-by in syria to waging a “war on drugs” while smuggling tons of cocaine and heroin into the USA.  Problem/reaction/solution.  9/11 was just more of the same.

It’s not necessary to know the specific individuals and financial entities behind this to see that there’s a pattern here which is leading to the domestic militarization of the USA itself.  Obviously we’re not dealing with  misguided hyperpatriots here.  We’re dealing with a new type of hypercriminality which knows no borders.  Privatized currency is what finances its operations.  As long as the ability to create and control money is in private hands, anything that can be bought with money can be used as a tool in the game. Including universities.   One only needs to “endow” the departments that are saying what one wants to hear.  All too many status-seeking academics are quite happy to follow the money, and most people will follow whoever claims to be a leader if they have the “intellectual” trappings of such.

Why would so many cooperate?  Because they’re being sold a bill of goods about a new utopian global government that will finally bring world peace.  But what they don’t seem to know is that WWI and WWII were caused by the same financial oligarchy that’s running the globalization game.   A lucrative business model has grown into an overarching philosophy of borderless war.

When there are no borders, the war turns inward.