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The American Empire in a Changing World



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Sunday, February 26, 2012

Japan: ''Nightmarish scenarios of the coming financial collapse''

"After the Great Kanto Earthquake of 1923, notes Dokkyo University economics professor Takuro Morinaga in Weekly Playboy (March 5), Japan suffered a financial panic two years before the New York Stock Market crash of 1929. That precipitated the depression of Showa, with a drastic fall in property values and mass unemployment. Farmers, unable to cover their costs, sold their daughters.
Japan’s current recession, says Morinaga, was set off by the Great Hanshin Earthquake in January 1995, after which an increase in the consumption tax from 3% to 5% resulted in a drop of 40 trillion yen in Japan’s nominal gross domestic product."

''Iran refuses to deliver 500k-barrel oil shipment to Greece''

"Iran has refused to deliver a 500,000-barrel shipment of oil to Greece in response to EU oil sanctions imposed against the country.

According to a report by Fars News Agency on Sunday, oil tankers that had come to transfer 500,000 barrels of Iranian crude oil to Hellenic refining complex in Greece were forced to return empty-handed after the Islamic Republic refused to deliver the shipment."


from pressTV..... 

''Senator Schumer Urges Saudi Arabia To Boost Oil Production''

"Senator Charles Schumer wants Saudi Arabia to do its part to help keep gas prices from going any higher.
Schumer is asking the State Department to press the Saudis to commit to increasing oil production.
He hopes that would compensate for anything Iran holds back, and slow the surge of prices at the pump.
Schumer says Saudi Arabia can produce 12.5 million barrels, but is only producing about 10 million."

how bout asking the central banks to stop printing FIAT MONEY?...........from ny1.....

''Bank of Nova Scotia backs Canada’s opposition to IMF boost''

"Richard Waugh, chief executive of Bank of Nova Scotia and a prominent figure in global financial circles, is backing Canada’s hard line against an international rescue of Europe, highlighting the contentiousness of a debate that will dominate a Group of 20 meeting this weekend.
Mr. Waugh made the comments in an interview as finance ministers and central bankers from the world’s leading economies were arriving in Mexico City for their first gathering of 2012."

''More than Georgia on Obama's Mind''

"The Georgian media is still talking about President Mikheil Saakashvili’s recent visit to Washington. Saakashvili himself, in a conversation with parliamentarians on February 13, called it a “strategicbreakthrough” in U.S.-Georgian relations."

from national interest...

'Nigel Farage Debates Martin Koehring on Sky News - Debate on Greece and the euro'

'G20 moves to line up huge $2 Trillion rescue fund'

"The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery."


from reuters via yahoo news...

"The American Occupations of Haiti & the Dominican Republic"

"A brief glance at the early 20th century American occupation of Haiti and the Dominican Republic tell us a great deal about America’s role in the world today."


from boiling frogs post....

''US lawmakers upset over Iraq buying basmati from India''

"US Congress members from the largest rice-growing states are on warpath, asking Iraq to resume buying US long-grain rice, instead of from India. 

"We liberated their country for one thing," said Texas representative Ted Poe. "We would think they would consider the US in trade since we spent billions of dollars not only to liberate their country, but to rebuild their infrastructure." 


from times of india....

TomDispatch: "The Arrival of the Warrior Corporation"

"When the first American drone assassins burst onto the global stage early in the last decade, they caught most of us by surprise, especially because they seemed to come out of nowhere or from some wild sci-fi novel.  Ever since, they've been touted in the media as the shiniest presents under the American Christmas tree of war, the perfect weapons to solve our problems when it comes to evildoers lurking in the global badlands."


from tomdispatch...

Zardari: ''Time for dialogue with Baloch leaders''

"President Asif Ali Zardari  on Friday said that addressing Balochistan issue is the top most priority of the government and he is willing to visit the province to engage a dialogue with the Baloch leaders."


from dawn news......

India: ''Small loans add up to lethal debts''

"First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children.

Sometimes, the debt collectors watched nearby.

More than 200 poor, debt-ridden residents of Andhra Pradesh killed themselves in late 2010, according to media reports compiled by the State government."

''Brazil to slap quality control on China goods''

"Brazil plans to impose strict quality control on imports from China and other Asian nations to prevent the influx of cheap goods, the daily O Globo reported Saturday.


The measures, seen as a sort of non-tariff barrier protecting Brazil's domestic industry and consumers, will apply to 240,000 models of goods in the following sectors: textiles, steel products, car parts and children's items, particularly toys, the Rio-based newspaper said."


channel news asia....

Saturday, February 25, 2012

"The Evolution of Totalitarianism: From Stalin to Putin"

"The use of “totalitarianism” as a term to describe a political regime dates back to the 20th century, when Italian fascists characterized their model of statehood as “totalitarian.” They defined the term as an absolute loyalty of citizens to the state: “Everything within the state, nothing outside the state, nothing against the state,” in Mussolini’s words (Gurian, 1978). Zbigniew Brzezinski and Carl Friedrich characterized the totalitarian state as having a single ideology, a party with an omnipotent leader, a state-controlled economy, a monopoly on all forms of communication, control over the military, and an organized terrorizing secret police (1965)."


from evolutsia....

''Cool it Argentina says US congressman in Stanley''

"SOUTH American rhetoric on the Falklands should, "be cooled, otherwise mistakes might happen," US member of the house of Representatives Republican Congressman F. Jim Sensenbrenner told the Falkland Islands Legislative Assembly yesterday (February 23, 2012).
Invited to the Falklands by MLAs who visited Washington in 2011, the visiting congressmen, who sits on the powerful Judiciary Committee and is Chair of the Subcommittee on Crime Terrorism and Homeland Security, offered firm support for self determination for Falkland Islanders."
america should mind its own bidness..........from penguin news...

''German cabinet minister calls for Greek euro exit''

"Becoming the first member of Germany’s cabinet to openly call for a Greek exit, Hans-Peter Friedrich told Der Spiegel magazine that Greece’s chances of restoring its financial health would be greater outside the euro.
“I’m not saying that Greece should be thrown out but rather to create incentives that it can’t say ‘no’ to,” he added."

''US Special Forces now fighting the LRA in four African countries''

"American troops fighting one of Africa’s most notorious rebel groups are now officially stationed across four African countries, a move that highlights the expansion of Washington’s military presence in the continent."


from intel news...

''McCain to introduce cybersecurity legislation giving even more domestic control to NSA, military''

"McCain seeks to give the NSA and the military previously unimaginable powers over civilian networks, even further expanding the ludicrous power over American citizens given to the military under the National Defense Authorization Act for Fiscal Year 2012 (NDAA)."


from activist post....

''IRAN-CASPIAN BASIN: THE WAY TO GLOBAL PROJECT: Embargo for the Iranian oil import''

"Disorganization, destruction of the vitally important infrastructure and communications, blinding of the enemy means of detection – here are the essential methods to conduct a modern war. The main idea here is not to annihilate the enemy manpower but to gain the maximum shock effect, destined to suppress the enemy will-power and ability to resist. Exactly a similar scenario was written for Afghanistan, Iraq, Libya and which now seems to be being prepared for Iran too."


from ria novosti...

''New Citigroup Looks Too Much Like the Old One''

"Last week, Citigroup agreed to pay $158.3 million to settle a civil complaint by the U.S. Attorney’s Office in Manhattan, accusing the company and its CitiMortgage home-loan unit of defrauding the U.S. Department of Housing and Urban Development. By itself, that wouldn’t be big news. The payment is small for a company with $1.9 trillion of assets. And the government has accused Citigroup of fraud many times before."


from bloomberg...

''Forbes ranks Qatar as the world’s wealthiest country''

"The business magazine which backed its rankings with 2010 data, reported that the “adjusted for purchasing power, Qatar booked an estimated GDP per capita of more than $88,000 for 2010.”

Qatar which has the third largest reserve of natural gas in the world, “has lured multinational financial firms to the country, as well as satellite campuses of U.S. universities,” it added."


from alarabiya...

''Afghan Taliban claim killing of NATO staff; Anti-U.S. protests rage for a fifth day''

"At least three demonstrators were killed Saturday, medical sources said, as protesters tried to storm a U.N. compound in northern Afghanistan in Two American members of the NATO force in Afghanistan were shot dead within the interior ministry in Kabul Saturday, military and government sources said, as anti-U.S. protests raged for a fifth day."...............from alarabiya....

''Anonymous takes on prison industrial complex with latest hack''

"The prison industrial complex is the latest victim of Anonymous’ #FuckFBIFriday campaign. Hacktivists have compromised data from a massive correctional facility management firm and have defaced their website.
The website for The GEO Group, Inc., a Florida-based management firm with clients worldwide, has been targeted by operatives with the online collective Anonymous. Friday’s hack from the group is the most recent release related to the #FFF campaign that has in past weeks targeted and successfully taken down the sites of the CIA, FBI and US Department of Justice."

Putin: "An Inside Look at Russia's Aging, Lonely Leader"

"The world is used to macho images of Vladimir Putin hunting bears, harpooning whales or fly-fishing. A German documentary filmmaker was recently granted unprecedented access to the Russian prime minister. And he found a lonely, aging and surprisingly likeable man."


from der spiegel....

France24 "The World This Week"



from france24...

''Dana Rohrabacher denies CIA behind Balochistan resolution''

"Terming Pakistanis a hardcore two-faced enemies, House Foreign Affairs Committee member Dana Rohrabacher (R-CA) who launched a congressional resolution calling for self-determination for Balochistan in an interview told "The Cable" the issue was being ignored by US only to please Pakistan, Geo News reported."


from the news pakistan....

Twitter: ''A Scientific Treasure Trove''

"The internet and the web have changed the way we do business, learn, communicate, live and even think – a development apparent to many people. What is not so well known is that the internet has also started to change the scientific landscape in various – arguably profound – respects."


a great article.........from isn blog...

Op-Ed: "Abandoning the petrodollar"

"For one, Israel wants to launch a pre-emptive strike to prevent Iran from completing its alleged nuclear weapons development program. Destroying them before they could be stored in deep and hardened silos is a better option. The focus of Israel’s concern is on Iran’s becoming a full-fledged member of the nuclear club with the capacity to inflict massive damage to its territory.

The US, on the other hand, wants to punish it for threatening to drop the US dollar in the sale of its oil exports. For Iran to make good that threat to shift to other currencies and precious metals, like gold, could set a precedent for other countries to abandon the dollar as their international medium of exchange that has fattened the US economy by their purchase of treasury bills, securities, bonds and assets all denominated in US dollars."

''Goldman Sachs sparks debate over Western banks’ role in Islamic finance''

"A controversial plan by Goldman Sachs to issue an Islamic bond has ignited a wider debate on whether conventional banks in the West should be allowed to engage in Islamic finance.

At a major conference of Islamic scholars and bankers in London this week, much of the public and private discussion was devoted to whether growing Western interest in Islamic finance could damage the industry by compromising its religious principles."


from the news pakistan....

Friday, February 24, 2012

''Occupy the SEC: Former Wall Street Workers Defend Volcker Rule Against Banks' Anti-Regulatory''


from democracy now......


"To watch the complete daily, independent news hour, read the transcript, download the podcast, and for additional Democracy Now! reports about Occupy Wall Street, visit http://www.democracynow.org"

''In secret deal, ISI allows U.S. drone war to resume''

"Pakistan's military has agreed to the resumption of the United States' drone strikes against terrorist groups operating on its soil, highly-placed diplomatic sources told The Hindu.
The agreement, the sources said, was hammered out by Inter-Services Intelligence chief Lieutenant-General Shuja Ahmad Pasha and Central Intelligence Agency director David Petraeus at a secret meeting in Doha last month."

''ECB and banks have it their own way''

"The new governor of the European Central Bank (ECB) Mario Draghi, nicknamed Super-Mario by commercial bankers probably because he is championing their interests, has introduced new ethics to the Eurozone’s monetary affairs.
Now, he’s going beyond that. On 24 February he warned “beleaguered Eurozone countries that there is no escape from tough austerity measures”, speaking in an interview with Wall Street Journal Europe."

''Successful Chinese Emigrating to West in Droves''

"Despite their country's stunning economic growth, many successful Chinese entrepreneurs are emigrating to the West. For them, the Chinese government is too arbitrary and unpredictable, and they view their children's prospects as better in the West."


from der spiegel....

'F William Engdahl: NWO Empire of Illusions - The Dollar Is Only Strong By Default'



0/19/2012...from awaken to the truth.....

-Currency Wars: The Dollar is only strong by default
-The Fallacy of Peak Oil
-The Wild Politics of Hungary and Their New Constitution
-Update on The Strait of Hormuz
-The Economic Stranglehold on Iran
-The U.S. Lead Occupation in Iraq:The truth about how life has really changed in the past 10 years
-Understanding the Science of Oil
and so much more!

Keiser Report: ''City of London center of financial terrorism''


from rt via liar politicians.....02/23/2012

''Keeping Up with an Urbanizing World''

"There are presently 400-odd “million-plus” settlements, and evaluations for the year 2050 estimate a growth of the urban population up to two-thirds of humanity, making this contemporary geographical trend the largest urban migration in history.
Humankind, to use an elegant expression coined by architectural historian Joseph Rykwert, has been “seduced by a place” it itself created. The contemporary rates of urbanization consolidated throughout history have made the metropolis a central symbol of civilization, to the extent that we might now live in what Henri Lefebvre called the “urban society.” Certainly, the graduates of 2025 will not be able to ignore to socio-political impact of this worldwide trend and global transformation. Yet, we now need to start educating international practitioners and students about the momentous impact of urbanization."

Germany: ''Bankruptcy hitting the young and elderly''

"Bürgel CEO Norbert Sellin attributed the struggles of the elderly to decreasing pensions and state-provided benefits which are forcing many to take menial jobs.

Among young people, Sellin blamed poor financial management – such as young people needlessly investing in too many electronic gadgets – and inexperience dealing with money."


from the local...

''Russian spies sell out of foreign assets''

"The Federal Security Service (FSB) requests all its agents to sell their private properties abroad.


The FSB is Russia’s main domestic security agency and the main responsibilities counter-intelligence, internal and border security, counter-terrorism, and surveillance. The FSB is engaged mostly in domestic affairs, while espionage duties are responsibility of the Russian Foreign Intelligence Service. However, the FSB also includes the FAPSI agency, which conducts electronic surveillance abroad. The FSB employs about 66,200 uniformed staff, including about 4,000 special forces troops. It also employs about 160,000–200,000 border guards, Wikipedia informs."


ummm.............from barents observer....

''Anti-US Quran protests spread to Pakistan''

"Hundreds of Pakistani activists took to the streets on Friday, chanting "Death to America", demanding that their leaders resign and setting fire to a US flag over the burning of Qurans in Afghanistan.


Up to 300 people blocked the main Grand Trunk (GT) road in Peshawar, stomped on and set fire to the US flag, and kicked a dummy representing America, beating it with sticks as it burned."


from pakistan today...

''Russia revs up arms exports''

"In 2011, Rosoboronexport, Russia’s main arms exporting agency, fetched $13.2 billion from its arms and military equipment sales, which exceeded the initial goal by $1.6 billion. Russia is the world’s second biggest arms exporter. By 2012, experts predict its turnover to surge even higher, surpassing the $14 billion mark."


from russia & india report....

''Ukraine is next to default according to Bloomberg''

"The IMF stopped giving loans to Kiev in March last year, when it told Ukraine to hike the tariff on energy for the consumers. Ukraine refused to comply with the IMF demand, hoping to accumulate the necessary finances from the discount on Russian gas. Investors are deeply concerned over the attitude of the Ukrainian authorities. If cooperation between the IMF and Kiev is not restored soon, the investors’ skepticism will increase."


from voice of russia...

''Argentina and the price of cooking the books''

"History has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars."


from merco press...

India: ''US NGOs fuelling Kudankulam protests''

"New Delhi: At a time when the Centre is trying to address concerns over the Kudunkulam nuclear power plant, Prime Minister Dr Manmohan Singh has blamed several US-based NGOs for fuelling protests against the Russian-aided project in Tamil Nadu. 

Reports, Friday, said the Prime Minister made these allegations during an interview to an American journal 'Science'."


from zee news....

David Brooks: "America is Europe"

"We Americans cherish our myths. One myth is that there is more social mobility in the United States than in Europe. That’s false. Another myth is that the government is smaller here than in Europe. That’s largely false, too.


The U.S. does not have a significantly smaller welfare state than the European nations. We’re just better at hiding it. The Europeans provide welfare provisions through direct government payments. We do it through the back door via tax breaks."


These tax expenditures are hidden but huge. Budget experts Donald Marron and Eric Toder added up all the spending-like tax preferences and found that, in 2007, they amounted to $600 billion. If you had included those preferences as government spending, then the federal government would have actually been one-fifth larger than it appeared."


from nytimes...

''Saudis embrace China in new polygamy''

............."The logical conclusion led Saudi envoys to Beijing. As a mutually autocratic state with little interest in Saudi domestic reforms and a power on the rise, China was an obvious and attractive option to pursue. 

Saudi Arabia was on familiar ground in China. The kingdom's relationship with Beijing dated back to the 1980s, when Beijing acted as a clearinghouse for arms headed for Afghanistan and as an increasingly hungry customer for Saudi crude. The first signs that a Sino-Saudi relationship could bear strategic fruit came in 1988 when Saudi Arabia purchased 36 CSS-2 intermediate range ballistic missiles, and nine launchers." 


from asia times...

Pepe Escobar: "What is Iran's Supreme Leader's game?"

"A recurrent theme among the lively Iranian global diaspora is that the Supreme Leader is the perfect US/Israel asset - as he incarnates Iran (although in many cases less than President Mahmud Ahmadinejad) as "the enemy"; in parallel, the military dictatorship of the mullahtariat in Tehran also needs "the enemy" - as in the Great Satan and the Zionists - to justify its monopoly of power. 

The ultimate loser, in this case, is true Iranian democracy - as in the foundation for the country's ability to resist Empire. Especially now, after the immensely dodgy 2009 presidential election and the repression of the Green movement - when even former supporters swear the Islamic Republic turned into neither a "republic" and certainly not "Islamic". "

''Google’s prying eyes to get closer''

"The countdown is on for Google to make controversial changes to its site that have privacy campaigners up in arms. All of their users’ personal data will be gathered and stored in personal profiles for use at Google’s discretion in one week’s time.
The changes are set to come into effect on March 1 and it seems that users will not have any choice but to comply. Internet users will be given the option to accept the new privacy policy or lose access to a large number of sights."

Zero Hedge: "$200 Oil Coming As Central Banks Go CTRL+P Happy"

"We have been saying it for weeks, and today even the WSJ jumped on the bandwagon: the sole reason why crude prices are surging(RIP European profit margins: with EUR Brent at a record, we can only assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps trillions in PIIGS, banks bailout liquidity) is because global liquidity has risen by $2 trillion in a few short months, on the most epic shadow liquidity tsunami launched in history in lieu of QE3 (discussed extensively here in our words, but here are JPM's)."


from zero hedge...

''Chinese investors to tread more carefully in Africa''


"China's oil and commodities firms are set to tread more carefully in Africa after being stung by kidnappings, seizures of cargo and, most recently, the expulsion of a chief executive.
But they won't pull back.
If anything, China will broaden its exposure to the region, home to some of the world's most resource-rich but unstable countries, as it scours the globe for resources needed by the factories and businesses of the world's fastest-growing economy."

''Chinese Imports Invade India''

"Cheap Firefox bicycles are ubiquitous in New Delhi. Technically, it is an Indian brand—except the bikes are made almost entirely of Chinese components. Chinese-made phones and telecom equipment “have flooded the Indian market,” says Srikanth Kondapalli, a professor at the Centre for East Asian Studies at Jawaharlal Nehru University in New Delhi. “There is no reciprocity for Indian products.”
The surge of cheap goods has led some Indian executives, like their U.S. counterparts, to say government-aided Chinese rivals are undermining India’s industrial base. “Without a duty to control Chinese imports, we will continue to lean on cheaper, unproven equipment instead of building our own technology and our own industry."


''Treating China as an enemy''

"As you all know, Washington (and the West) is deeply split over how to handle China's spectacular renaissance. This is by far the most important issue in 21st-century geopolitics. It is not one we can afford to get wrong, and errors made today may prove irreversible.
The new term "China hedge" has been coined, used by those who think that the country's growing economic and military might – combined with a new "truculent attitude" – is potentially so menacing that the US must rearm and reorganise its global alliance structure as an insurance policy."

''What Oligarchy Means: Small Groups of Multi-Millionaires Funding Almost All SuperPACs''

"Forget the five people you meet in heaven, here are the five people running the US election system these days.

We know how the super PACs have come to dominate the presidential campaign, but a closer look at financial-disclosure numbers shows how just a tiny handful of billionaires are dominating those super PACs. An analysis of January’s campaign-disclosure filings reveals that 25 percent of all the money raised for the presidential race that month came from just five donors. That select group gave $19 million to various super PACs, often in support of more than one Republican candidate. Those numbers come from both The Washington Post and USA Today, though neither gives a complete list of those five top donors of 2012."

''How the GOP Primary Became a Contest Among America’s Rich Drunk Uncles''

"The after effects of the Citizens United ruling shouldn't shock anyone. Corporations were granted the ability to spend ungodly sums on campaigns, and guess what they're doing?
They're spending ungodly sums on campaigns.
There is one byproduct of this mess, though, that is unintentionally fun to observe: Americans get to watch billionaires hijack the election process like a bunch of shit-hammered uncles blindly destroying a pious family gathering we wanted to skip in the first place."

Nomi Prins: ''Obama’s Cut to the Corporate Tax Rate Is a Crafty Political Ploy''

"The Obama administration's announcement of a generous cut to the corporate statutory tax rate from 35 percent to 28 percent (for manufacturing companies, to 25 percent) is an excellent political ploy. President Obama deftly wrapped a business-friendly tax cut in job-creation lingo, a slick maneuver sure to take some wind out of the GOP candidates’ sails. Which Republican is going to vote against a 20 percent corporate-tax-rate deduction?"


from the daily beast...

''Reset with Russia: Not as Easy as It Sounds''

"The reset has been under fire in both Russia and the United States. On the Hill, many Republicans are eager to target a policy that has been a central tenet of Obama’s foreign policy and express their lingering mistrust and even outright hostility toward Russia. Russian critics have also pounded the reset, which is closely identified with President Dmitri Medvedev. Among Vladimir Putin’s circle, mistrust of the United States runs deep—with Putin himself disapproving of his protégé’s policy. The main criticism is that Russia has given up too much and received too little in return, which ironically mirrors a common refrain in Washington: that Russia has given too little and the U.S. too much. In other words, many on both sides continue to view each other in zero-sum Cold War terms."


from world policy....



''The Battle for States Rights in India''

"Indian chief ministers from the non-Congress states are attacking the proposed creation of the National Counter-Terrorism Center (NCTC) by the ruling Congress-led United Progressive Alliance (UPA). This center, like its namesake in the United States, is a centralized federal agency that deals with terrorism. This federal Indian operation will have the ability to arrest, interrogate, investigate, and prosecute—powers previously reserved for the states. It is for this reason that it has faced such stiff opposition from chief ministers, the elected heads of India's 28 states."


from world policy....

Thursday, February 23, 2012

''Preparing for the Collapse of the Petrodollar System, Part 2''

"After America, and its citizens, had tasted the sweet fruit of excessive living at the expense of other nations, there was no turning back.
In order to ensure their economic hegemony, and thereby preserve an increasing demand for the dollar, the Washington elites needed a plan. In order for this plan to succeed, it would require that the artificial dollar demand that had been lost in the wake of the Bretton Woods collapse be replaced through some other mechanism.
According to John Perkins, author of Confessions of an Economic Hit Man: The Shocking Story of How America Really Took Over the World, that plan came in the form of the petrodollar system."
a must read article/blog........from ftmdaily.........




must watch video from ftm daily...


''President or Constitutional Criminal?''

by I.M. Citizen
"Turns out, there exists a host of scholars, constitutional law experts and attorneys that have been keeping an eye on President Obama and his interaction (or lack thereof) with the U.S. Constitution. Some make the claim he has consistently violated the spirit of the founding document while others, being a little more zealous, claim he has actually broken the law."


impeach all 3 branches..............from nolan chart....

''Washington Post's Dana Priest discusses intelligence industry''

"The aftermath of 9/11 saw national security become a boom industry with the emergence of a massive “military intelligence complex” and no end to taxpayer-funded growth in sight, the Washington Post’s Dana Priest told a large University of Delaware Global Agenda speaker series audience Wednesday night at Mitchell Hall.

Priest, a two-time Pulitzer Prize winner and author of the book Top Secret America, said the national security apparatus – both the government bureaucracy and the huge number of private contractors on which it has come to rely – is so enormous that even the federal government is unsure how many contractors work for it."


''Brazil Minister Says Global Currency War Is Intensifying''

''SÃO PAULO—A global "currency war" will intensify this year as the world economy slows, Brazilian Finance Minister Guido Mantega said, adding that Brazil is "well prepared" to defend its currency against unwanted appreciation.''


"Global economic growth in 2012 will be below that of 2011," Mr. Mantega said ahead of his participation at a meeting of finance and monetary officials from the Group of 20 nations this weekend in Mexico City. "One of the results of the slowdown is that the global currency war is intensifying."


subscription needed for for article........from wsj.........