It is hard, but rewarding work to find people who will sign our Justice Party Ballot Access Petitions to enable Rocky Anderson and the Justice Party to be on...
Charting the Next Steps to Democracy for the United StatesLast Updated on 2013-05-19 00:00:00
“We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.” Preamble to the United States Constitution
U.S. history can be seen as a gradual expansion of democracy
The Framers of the United States Constitution understood that the Constitution was a work in progress. Embedded in the original document were compromises that led to serious consequences. For example, the Constitution recognized the existence of the institution of slavery and the slave trade that kidnapped Africans in the lands where they lived, and brought them to the United States, treated them as property to be bought... More »
Obama Proposes Cuts To Social Security So He Can Continue Shoveling Money At BanksLast Updated on 2013-04-12 00:00:00
The sellout of the great Democratic hope, otherwise known as Barack Obama, is now complete. In his latest budget proposal, Obama has put some rather large cuts to Social Security on the table. The argument goes something along the lines of shared sacrifice, and in this case Obama is touting the chained CPI as the tool that will get the job done. After throwing $trillions at the financial sector so they could continue their orgy of gluttony and fraud, now Barack Obama apparently feels it's time for retirees to take their medicine. In proposing the chained CPI "solution" to Social Security, Obama has not only broken a primary campaign promise, he has solidified his stature as one of the biggest liars disappointments to ever to occupy the oval office.
We are now witnessing our own version of the Game of Thrones with the U.S.... More »
Government-Sponsored Theft In CyprusLast Updated on 2013-03-18 00:00:00
The lunacy out of Europe reached a whole new level this weekend, with the announcement of the Cyprus bailout scheme to tax bank deposit holders with a one-time levy. The plan endorsed by both Germany and the IMF calls for a 6.75% tax on deposits below 100,000 euro and 9.9% on deposits 100,000 euro or larger. The bail-in money grab is estimated to generate 5.8 billion euros to help destroy save the Cyprus banking sector. When Cyprus deposit holders regain access to their accounts come Tuesday (Monday is a bank holiday), they'll see their accounts magically shrunk thanks to a bailout scheme designed to protect hedge funds and the German surplus. Bondholders, of course, will be untouched in the Cyprus deal.
The sad part of the Cyprus story is that while rich Russian and British oligarchs who have been using the Cyprus banking sector as an offshore tax... More »
NY Fed Quietly Hands Bank of America Another Back-Door BailoutLast Updated on 2013-02-18 00:00:00
If you thought the bank bailouts were a thing of the past, think again. As Gretchen Morgenson reveals, the New York Fed was quietly making a deal to let Bank of America skate from what would likely have been billions in potential legal claims over toxic mortgage securities it purchased under an investment vehicle called Maiden Lane II. What did the NY Fed get in return? A paltry $43 million. This settlement, gift-wrapped and hand delivered to Bank of America, comes while AIG is pursuing a $10 billion fraud case against Bank of America over the same toxic mortgages that went bad. Evidence of the settlement only came to light last week in court filings stemming from the AIG case. The deal was apparently struck last July. Not only did the New York Fed release Bofa from huge legal claims, it did so knowing that AIG was trying to recover on those same claims. Those claims against Bank of... More »
Obama Finds A Tenured Insider To Head The SECLast Updated on 2013-02-01 00:00:00
True to form, Obama has found another tenured insider to fill an important cabinet position. With the appointment of Mary Jo White to the SEC, Obama has once again shown himself to be the ultimate oxymoron while putting a little GHB in our drinks. Mr. “hope and change” and the great deliverer of “transparency” has revealed that the fraud and looting will continue until confidence is restored. Thus we get the appointment of another Wall Street/Washington insider who will be mindful of being too harsh on all those pampered princes in their Manhattan high rises. Don’t take my word for it. Those were White’s own words.
In a recent interview, while working as a defense attorney for Debevoise & Plimpton, White offered an opinion on the financial crisis:
"The financial crisis was so expensive and so many people were injured that one's... More »
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