Wednesday, March 10, 2010

Stranger than fiction

Exposing the global elite

Waterboarding for dummies

Posted by Truth On March - 9 - 2010

Mark Benjamin
Salon
March 9, 2010

Internal CIA documents reveal a meticulous protocol that was far more brutal than Dick Cheney’s “dunk in the water”.

Self-proclaimed waterboarding fan Dick Cheney called it a no-brainer in a 2006 radio interview: Terror suspects should get a “a dunk in the water.” But recently released internal documents reveal the controversial “enhanced interrogation” practice was far more brutal on detainees than Cheney’s description sounds, and was administered with meticulous cruelty.

Interrogators pumped detainees full of so much water that the CIA turned to a special saline solution to minimize the risk of death, the documents show. The agency used a gurney “specially designed” to tilt backwards at a perfect angle to maximize the water entering the prisoner’s nose and mouth, intensifying the sense of choking – and to be lifted upright quickly in the event that a prisoner stopped breathing.

The documents also lay out, in chilling detail, exactly what should occur in each two-hour waterboarding “session.” Interrogators were instructed to start pouring water right after a detainee exhaled, to ensure he inhaled water, not air, in his next breath. They could use their hands to “dam the runoff” and prevent water from spilling out of a detainee’s mouth. They were allowed six separate 40-second “applications” of liquid in each two-hour session – and could dump water over a detainee’s nose and mouth for a total of 12 minutes a day. Finally, to keep detainees alive even if they inhaled their own vomit during a session – a not-uncommon side effect of waterboarding – the prisoners were kept on a liquid diet. The agency recommended Ensure Plus.

“This is revolting and it is deeply disturbing,” said Dr. Scott Allen, co-director of the Center for Prisoner Health and Human Rights at Brown University who has reviewed all of the documents for Physicians for Human Rights. “The so-called science here is a total departure from any ethics or any legitimate purpose. They are saying, ‘This is how risky and harmful the procedure is, but we are still going to do it.’ It just sounds like lunacy,” he said. “This fine-tuning of torture is unethical, incompetent and a disgrace to medicine.”

Full article here

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by Jeremy R. Hammond 
Foreign Policy Journal
March 9, 2010

An editorial in the Washington Post yesterday slammed Japanese member of parliament Yukihisa Fujita because he “seems to think that America’s rendering of the events of Sept. 11, 2001, is a gigantic hoax.” His “ideas” about the terrorist attacks “are too bizarre, half-baked and intellectually bogus to merit serious discussion.”

Fujita, the editorial added, is a member of “the lunatic fringe” who “have spawned a thriving subculture of conspiracy theorists at home and abroad”, and “his views, rooted as they are in profound distrust of the United States, seem to reflect a strain of anti-American thought”. The piece closes by suggesting that the “fact-averse” Fujita should be removed from office.

Among Fujita’s “bizarre” views are “that shadowy forces with advance knowledge of the plot played the stock market to profit from it”, “the fantastic idea that eight of the 19 hijackers are alive and well”, and “that controlled demolition rather than fire or debris may be a more likely explanation for at least the collapse of the building at 7 World Trade Center”.

Yet while serving out a hit piece against the global “9/11 Truth” movement, it is in fact the editors of the Washington Post who are demonstrably “fact-averse”.

It happens to be an uncontroversial fact that in the days just prior to the attacks, there was a dramatic increase in trade on put options, and what made this unusual spike even more mysterious was that it was observed  only in relation to companies directly affected by the attacks, including United Airlines, American Airlines, and Morgan Stanely Dean Witter & Co. (which occupied 22 floors of 2 World Trade Center).

That this occurred was in fact mentioned in the 9/11 Commission Report, which reported that the federal investigations into the suspicious trading concluded that it was all “innocuous”. Many of the trades on the airline companies, for instance, were traced to a “single U.S.-based institutional investor with no conceivable ties to al Qaeda”.

In other words, the report acknowledges that the suspicious trades did in fact occur, but dismisses this as evidence of foreknowledge because the investigation didn’t lead to the proper predetermined culprits. This is illustrative of the kind of standard the 9/11 Commission employed throughout its so-called “investigation”.

The “fantastic” idea that the identity of the hijackers named by the FBI is in question is an interesting case. At the time, the Washington Post had also subscribed to this “half-baked” notion. On September 20, 2001, under the headline “Some Hijackers’ Identities Uncertain”, the Post reported, “FBI officials said yesterday that some of the 19 terrorists who carried out last week’s assault on New York and Washington may have stolen the identities of other people, and their real names may remain unknown.”

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Among the evidence for this, the Post cited “Saudi government officials” as having determined “that at least two of the terrorists used the names of living, law-abiding Saudi citizens”. The man in the picture of one of the alleged hijackers, the Post reported, was Salem Al-Hazmi, who was actually alive and well, according to Gaafar Allagany, the chief of the Saudi Embassy’s information office in Washington. The real Al-Hazmi’s “passport was stolen by a pickpocket on a trip to Cairo three years” before. Another of the alleged hijackers was Abdulaziz Al-Omari, who, Allagany said, was also alive and “an electrical engineer in Saudi Arabia.”

“The uncertainty”, the Post continued, “highlights how difficult it may be to ever identify some of the hijackers who participated in the deadliest act of violence on American soil. Most of the hijackers’ bodies were obliterated in the fiery crashes.”

The Washington Post was not the only mainstream media outlet to report on the uncertainty over the hijacker’s identities. It was widely reported elsewhere, both in the U.S. and international media.

The U.K.’s Guardian, for instance, reported on September 21 under the headline “False identities mislead FBI” that “The FBI acknowledged yesterday that some of the terrorists involved in the attacks last week were using false identities”, with regard to Al-Hazmi and Al-Omari.

FBI acknowledgment of this was also reported by the BBC the same day under the headline “FBI probes hijackers’ identities”. The BBC also reported on September 22 under the headline “Hijack ’suspect’ alive in Morocco” that Waleed Al-Shehri, another alleged hijacker, the “same Mr Al-Shahri” whose photo the FBI had released as being among the terrorists, “has turned up in Morocco, proving clearly that he was not a member of the suicide attack.”

On September 23, under the headline “Hijack ’suspects’ alive and well”, the BBC reported that yet “Another of the men named by the FBI as a hijacker … has turned up alive and well” and that “The identities of four of the 19 suspects … are now in doubt.” FBI Director Robert Mueller also “acknowledged … that the identity of several of the suicide hijackers is in doubt.”

The London Telegraph similarly ran a story on September 23 entitled “Revealed: the men with stolen identities”.

The Washington Post itself ran a follow-up article on September 25 entitled “Some Light Shed On Saudi Suspects”, reporting that “U.S. investigators believe they have positively identified 15 of the 19 hijackers”, but that the identities of the other four were still in question.

On September 27, even while releasing the official list of hijackers along with their photos, the FBI confirmed that uncertainty remained over some of the identities. Mueller acknowledged that the FBI was still “determining whether when these individuals came to the United States these were their real names, or they changed their names for use with
false identification in the United States; that false identification being used up to and on the day of September 11th, and that false identification used to purchase the tickets, and thereby being the name on the manifests of the planes that went down.”

Yet, despite these facts, neither the Washington Post nor any other mainstream media outlet has ever offered any follow-up reports explaining whether and how this uncertainty was finally resolved. The FBI has never clarified this matter to the public. The 9/11 Commission didn’t so much as even address the question, even to attempt to clear up the matter.

And so, it remains an uncontroversial fact, as far as the public is concerned, that the identify of at least several of the hijackers remains in question. Why the government has refused to clarify this issue, and why the media now report anyone who doesn’t have a short memory about 9/11 as being part of a “lunatic fringe” are also open questions that warrant some kind of explanation.

Finally, there is the matter of the collapse of the World Trade Center buildings. Many people might be surprised to learn that not only two towers fell on September 11. In fact, a third skyscraper also collapsed that day neatly into its own footprint. It is also an uncontroversial fact that proper investigative procedures for such disasters, particularly in cases where a crime has been committed, were contemptuously ignored in the case of the WTC.

For starters, the evidence from the crime scene in the form of the remains of the three buildings was removed and immediately destroyed. Destruction of evidence is itself a crime, and yet that is what happened. Other standard procedures were also ignored, such as testing for any kinds of accelerants that may have been responsible for the building failures.

The National Institute of Standards and Technology (NIST) has released what is supposed to be the conclusive report on the building collapses. Yet, the explanation it provides, too, is inadequate, to say the least. The computer models NIST offers for the collapse of WTC 7, for instance, look just like one would expect them to, for the kind of collapse NIST says occurred there. You first see one load-bearing column fail, leading to the progressive failure of other columns until the entire structure has eventually crumbled.

The problem is that these models look absolutely nothing like the actual collapse, documented on video. A simple look at any available footage of the collapse is enough to demonstrate that all major load-bearing columns of the building failed nearly simultaneously. You see the penthouse of the building sinking into the core just seconds before the entire structure, all perimeter columns, fail at precisely the same instant, causing the building to collapse straight down  at free-fall acceleration into what should have been the path of greatest resistance according to NIST’s own assessment.

The similarities to videos of building “implosions” under controlled demolition are astonishing. Yet NIST dismisses the possibility that charges could have been used largely on the basis that, if this had been the case, there would have been eyewitness reports of the explosions. The problem with this is that there were in fact a great many eyewitness reports of explosions, both prior to and during the collapse.

NIST also completely ignored the actual leading alternative hypothesis, which was that a substance called thermite (or its U.S. Department of Defense-patented variation, thermate) may have been used to cut the building’s columns, rather than, or in conjunction with, traditional explosive demolitions. Evidence for this hypothesis comes not only in form of empirical observation about the actual nature of the collapse from video footage (including the presence of molten steel), but also in traces of what appears to be thermite in the dust from the collapses.

Independent scientific inquiries into the collapse have led to the discovery of “distinctive red/gray chips in all of the samples” that, when studied, all showed “marked similarities” and were “found to be an unreacted thermitic material”. These findings were included in a report entitled, “Active Thermitic Material Discovered in Dust from the 9/11 World Trade Center Catastrophe” that was published last year in The Open Chemical Physics Journal.

Though this report was widely circulated on the internet and among alternative media sources, the Washington Post never bothered to report these findings published in a peer-reviewed scientific journal.

Whatever theories about the events of September 11, 2001 one may subscribe to, what everyone surely can agree upon is that the facts should matter. The editors of the Washington Post might perhaps begin by acknowledging just a few of the more non-controversial facts, including the fact that suspicious trading did occur prior to 9/11, the fact that the identities of at least some of the hijackers has been cast in doubt and that this has never been clarified to the public, and the fact that the collapses of the three WTC buildings has never been adequately investigated.

Surely, that proper credible investigations into the events of 9/11 should occur — indeed, should have occurred long ago — should also be non-controversial, no matter which conspiracy theory one believes, whether it belongs to “the lunatic fringe” or to the U.S. government.

William Shatner on Gun Control

Posted by Truth On March - 9 - 2010

Youtube
March 9, 2010

It’s How Well You Aim the Gun

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Water Wars: The ‘Endangered’ Western States

Posted by Truth On March - 8 - 2010

Cassandra Anderson
Infowars.com
March 8, 2010

Three primary tools used by the Globalists to implement Agenda 21, Sustainable Development, are the Endangered Species Act, water shortages and man made global warming, according to Michael Shaw. California is already stitched up by the Cap & Trade state law (AB32), based on corrupt science coming out of the United Nations. Last Spring the Department of Interior cut Central Valley Project water by 90% to the farms in the Central Valley, the breadbasket of America (providing 50% of America’s fruits, vegetables and nuts), based on the Endangered Species Act, claiming that the Delta Smelt were “threatened”. The subagencies of the Department of Interior, which provided the dubious smelt endangered species biological opinion, are influenced by “scientific advisors” of the International Union for Conservation of Nature (IUCN). The IUCN was created by the United Nations — the same UN that brought us fraudulent man made global warming. California was the 8th largest economy in the world and if the Globalists can tip this domino, imagine how quickly the other states will tumble. And what better way to bankrupt California than to produce a man made drought? By the way, the Central Valley Improvement Project Act of 1992, via the Endangered Species Act, decreased water delivery by 1.2 million acre feet of water, and now they are repeating their success, by restricting even more water.

Wayne Hage (1936-2006) was a rancher in Nevada, where this state’s land is over 80% federally owned, and he meticulously researched how the West was suppressed in his book Storm Over Rangelands. The West is the birthplace of the environmental movement, which was designed to limit resources and land ownership of the West and keep it in the hands of the Robber Baron banking and railroad tycoons. Some of the methods include the creation of national forest preserves, split estates, regulations, etc. Colorado Governor Richard Lamm wrote, “…As the nineteenth century ended, only one thing was certain. Westerners had settled the land, dug it, planted it, and died on it. But they had not owned it.” This is important regarding California’s current water “shortage” because Michael Shaw asserts that California is under attack due to its strong water laws (which are based on Texas water laws) that favor the overlying landowners. In fact, he said that California courts consistently favor the farmers and landowners when governmental agencies try to usurp their water rights or to tax them for their own water. This applies to underground “aquifer” water (the idea of private property includes a slice all the way down to the center of the Earth), as opposed to transitory water like rivers.

The snow and water from the High Sierras that flows into all California rivers including the Sacramento River and San Joaquin River is not owned by anyone, it is a “public use” resource and the water from these sources is free, per Mike Henry at www.farmwater.org. The charges come from the infrastructure, transport and delivery of the water. The Globalists have invented a way to control the water through the Endangered Species Act, which is based on a UN model. The federal pump, CW Jones, is “owned” by the federal government because they built it, but it will be paid off by water users in 2030. However, the Department of Interior’s Bureau of Reclamation will still own and operate it after the contract is paid. But, according to Sheriff Richard Mack, www.sheriffmack.com, a Constitutional expert, the feds can’t own it as their powers are limited to those described in Article 1, Section 8 of the Constitution.(1)

The Endangered Species Act is corrupt and a tool used for collectivist control. You will recall that a whopping 48% of deliverable water is is used for “environmental” purposes by the federal government (most of it is runs off into the Pacific Ocean) and only 41% goes to agriculture. Despite 3 years of increased water restrictions, the Delta Smelt populations continue to fall: the federal Endangered Species Act “solutions” are not working. This “water shortage” game was played in the Klammath Basin, on the border of California and Oregon in 2001. Here is an excerpt from Dr. Michael Coffman’s article about this incident and the Endangered Species Act:

“Fourteen hundred farmers owning 200,000 acres in the Klamath River Basin of southern Oregon and Northern California were denied their water rights during the summer of 2001 because of the Endangered Species Act of 1973 (ESA). Nearly $200 million of life savings and hard work were wiped out instantly as the farmers were left with essentially worthless land. Federal environmental regulations like the ESA have destroyed the lives of tens of thousands of people, closed entire communities, and confiscated hundreds of millions (if not billions) of dollars of private property — all in the name of protecting the environment. Michael Kelley of the Washington Post Writers Group describes the brutality of the ESA in the July 11, 2001, issue of MSNBC:

“develop and maintain conservation programs which meet national and international standards.” In a very real way, U.S. citizens are going to prison, paying thousands of dollars in fines and, in some cases, stripped of their life savings because of international treaties.”(2)

Currently, the California Delta has been in the news, as there are 2 lawsuits: water contractors (who provide water delivery) are suing both the Department of Interior over the questionable science of the biological opinion (Bi-Op) of the threatened Delta Smelt, and the contractors are also suing the federal Department of Commerce over the suspect Bi-Op of the threatened salmon. The Department of Commerce, under the “commerce clause” has usurped authority by claiming that because the salmon could cross state lines, it has jurisdiction over the state’s resource (salmon). Because California has received up to 130% of its usual rainfall for the year so far, federal judge Oliver Wanger allowed the water restriction to be lifted as the salmon were not endangered, but one week later, because the Delta Smelt were supposedly threatened, he rescinded that order. He said that Congress had “tied his hands”; he holds court in Fresno and has witnessed the devastation firsthand.

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US Senator Dianne Feinstein, the queen of conflicts-of-interest, who originally wanted to let the Department of Interior handle this complicated mess (in a profound conflict of interest as DoI is being sued), has changed her tune due to a special interest relationship with Stewart Resnick. He is a rich farmer in the Central Valley who also owns Fiji water, POM juice company, the Franklin Mint and Teleflora; he has ‘donated’ almost $4 million in campaign funds, with $29,000 going directly to Feinstein. Feinstein wrote an amendment to Obama’s “Jobs Bill” which would have temporarily increased water delivery from its current 10% to 40% water allotment from the federal pump, CW Jones. The amendment was rejected, and she reportedly is trying to find some other way to enact the legislation. The problem with her solution is that it is temporary and in control of the federal government.

Update: Secretary of the Interior, Ken Salazar participated in the decision on February 26th to allot a mere 5% of the contracted water amount to flow from the “federal” sources to the affected farmers (40% is needed to save the farms). He used misleading language that implied 30% to 40% could be forthcoming, but without any guarantees. This means that when a farmer goes to a bank to get a production loan, the farmer must report to the banker that while 30% is possible, only 5% of the water for his farm is guaranteed, and the bank loan is based on the 5% figure. The 5% allocation is based on long term projections for dry years, despite the fact that California is experiencing a precipitous wet year. It doesn’t matter how high the water table is, because this is about politics, not reality. Shockingly, if more storms and snow continue, it will be necessary for the Shasta Reservoir to do a flood release, thus spilling excess water into the Sacramento River. Even with the extra water, the Central Valley farmers are only guaranteed 5% from the feds.(4)

In a conversation with Sheriff Richard Mack, he proposed the following solutions:

1. Schwarzenegger and the state legislators could end this travesty immediately by passing a resolution, citing the 10th Amendment asserting State sovereignty and eliminating federal control over a State issue.

2. Schwarzenegger could do this on his own with an Executive Order.

3. The County Commissioners or Superintendents could pass a resolution as described above, to be enforced by the sheriff.

“federally owned” CW Jones pump is located. He is up for re-election this year. You can e-mail this article to him at smoore@sjgov.org .

The water is needed right now, and could be stored in the San Luis Reservoir, for use later this year. Additionally, the pollution caused by up to one billion gallons of partially treated sewage flushed into the Delta daily must be addressed by the offending cities. California’s population could be decreased by enforcing immigration laws. Corrupt officials need to be voted out. Lastly, more water collection and efficient infrastructure is necessary, but the $11 billion bond proposal is full of pork and pay-offs that must be eliminated, for a more affordable solution.(3) Or is that too reasonable? Massive public awareness and action are required to bring an appropriate resolution to this matter that affects our entire country, unless you want your food imported from Mexico, China, Chile, etc. Sheriff Mack will deliver his message to the Fresno Tea Party, where 15,000 people are expected to attend, on April 10, 2010.(5)

Sources:

(1) http://www.usconstitution.net/xconst_A1Sec8.html

(2) http://www.newswithviews.com/Coffman/mike2.htm

http://www.nationalcenter.org/NPA511.html

http://www.newswithviews.com/Becraft/larry1.htm

http://www.judicialwatch.org/blog/2010/jan/govt-risks-humans-endangered-bug

(3) http://articles.sfgate.com/2009-11-15/news/17179464_1_water-pork-projects

(4) http://www.earthtimes.org/articles/show/western-growers-president-federal,1182334.shtml

(5) http://www.cent

Romney: Obama’s words support 9/11 truthers abroad

Posted by Truth On March - 8 - 2010

David Edwards and Gavin Dahl
Raw Story
March 8, 2010

By speaking to Muslim countries, the president gives support to those who don’t believe the official account of 9/11, says former Massachusetts Governor Mitt Romney.

“I saw even Ahmadinejad is now saying 9/11 is a fabrication,” Romney told Fox News’ Chris Wallace.

“These sorts of voices should not receive any kind of support from the words of the president of the United States.”

On what critics are calling a “foreign policy mythology” book tour, Romney is repeatedly spinning several falsehoods about Iran, Iraq and Afghanistan.

In Romney’s new book “No Apology: The Case for American Greatness” he writes: “President Obama has positioned himself as a figure transcending America instead of defending America… What makes his speeches jump out at his audience are the steady stream of criticisms, put-downs, and jabs directed at the nation he was elected to represent and defend.”

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Romney says he’s glad the Patriot Act was extended, but Obama’s “Apology Tour” was a mistake.

Wallace did not ask Romney about his tan.

This video is from Fox’s Fox News Sunday, broadcast March 7, 2010.

How Dare They Crash Our Tea Party

Posted by Truth On March - 8 - 2010

Kirk Shelley
Campaign For Liberty
March 8, 2010

I’ve seen a few articles floating around the Web concerning the political class’s attempt to “take over” the so-called Tea Party movement.  Republican politicians are speaking at their rallies; some of their organizations are backed by establishment sources.  Most critics fret for the future of the movement and offer this or that recommendation for preserving the movement’s integrity.

The phenomenon unfolding should come as no surprise.  The tea parties were, from the beginning, an expression of outrage toward status quo politicians.  Do you really not expect politicians not to act in self defense?  They manipulate events, twist words and lie.  Of course they are going to take over the tea party.

In this battle for the tea party movement, there is a lesson.  Why would anyone expect that a “bottom up” or “grassroots” organization is beyond being taken over?  These organizations are the most vulnerable to takeover.  If you want to be informal, unincorporated, and allow everyone to participate, then “everyone,” including politicians, will.

I remember a taxpayer’s group in Newton, Iowa that was actually being effective.  It was deliberately set up as a “citizens’ group” with no formal structure.  Well at one meeting, everyone from local government showed up at the meeting, took it over, and killed it.

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The political class is easily able to subvert informal groups, and they’ve had centuries to perfect the art.  And don’t forget that even without subversion, informal groups are prone to collapse at any time that the core of volunteers gets distracted with other projects.  History lacks a single example of an informal group making any significant change.

The lesson here is that it is always better to make your group “formal” and attract a following with your issues and actions.  Or, you can ignore history, and try to prove me wrong.  But if you are being effective, expect to be taken over.

Embrace the fact that you owe it to your ideas and issues that you need to run your organization like a business—because ultimately, it is.  You can’t hide from the laws of economics.

Rather than make yourself crazy fighting the natural tendency of things, you can make the same opportunity of the tea parties as your rivals do.  A big gathering of outraged conservatives with no specific single issue: what better setting for signature gathering and recruitment could you possibly ask for?  Indeed, my only objective at tea party events is recruitment.  Predict the attempted takeovers, use them as proof of the movement’s success, and explain why therefore being a part of a solid organization (eg C4L) is so important.

Also, regarding another sore point about the tea parties:

If you define “neo con” as being pro-war or pro-interventionist foreign policy then you need to realize that most Republicans hold those views.  57% of all citizens think we are doing the right thing in Iraq and Afghanistan.  71% of the GOP is all in favor of invading anyone we think is a threat.  The Democratic Party is split 47/46.  There shouldn’t be any surprise that most people showing up at a tea party are all in favor of blowing up anyone who gets in America’s way, even if they were never in our way in the first place.  (http://www.politico.com/news/stories/1209/30346.html)

If you think our current foreign policy is wrong, recognize the reality going in and try to pursue those who don’t agree with you, don’t smash into them head on: you won’t get far with this crowd. Â  However, you can assume that most of this crowd is going to understand the principles of limited/constitutional government, so use that common frame of reference. Â  If they can understand that the government is lying about everything else, sooner or later they will catch on that they’re lying about foreign threats, too. (http://www.antiwar.com/ips/lobe080703.html)  Leave the issue alone until you get to know someone well enough that you can have a civil discussion with them. Â  Don’t browbeat them at their rallies.

If you have the patience to find common ground first, you can persuade them in the long run.

Full article here

Time Magazine Attacks Cherished Swiss Banking Privacy

Posted by Truth On March - 7 - 2010

Switzerland Keeping the Secrets of Alleged Tax Evaders

KEN STIER
Time Magazine
Sunday, March 7, 2010

Comment: Authoritarian rag Time Magazine viciously attacks cherished Swiss banking privacy by smearing it as the domain of ruthless dictators – another helpful dose of propaganda graciously appreciated by the IRS, the collection agency for the private, run for profit, Federal Reserve.

Pick a dictator, almost any dictator – Cuba’s Fulgencio Batista, the Philippines’ Ferdinand Marcos, Haiti’s Papa and Baby Doc Duvalier, the Shah of Iran, Central African Republic Emperor Jean-BÉdel Bokassa – and they all have this in common: they allegedly stashed their loot in secret, numbered accounts in Swiss banks, safely guarded by the so-called Gnomes of Zurich. This association – of bank secrecy and crime – has been fed into the public’s imagination by dozens of books and movies. It’s a reputation that rankles the Swiss, who have a more benevolent view of their commitment to privacy – one that happens to extend to tax privacy. Don’t ask, because we won’t tell.

But the dramatic federal investigation of Switzerland’s UBS has blown the lid off bank secrecy – and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket – first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls “high net worth” individuals. “The IRS has been concerned for decades that a combination of a global economy, the Internet, offshore banking, was really going to take offshore tax evasion from the old so-called ‘gentlemen’s sport’ to tax evasion for the masses,” says Mark Matthews, a former deputy IRS commissioner and now a tax attorney with Morgan, Lewis & Bockius LLP.

(ARTICLE CONTINUES BELOW)

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The federal investigation into UBS, which led to a $780 million fine and an agreement to turn over the names of more than 4,450 suspected tax cheats, is now in tatters after Swiss courts ruled against the executive-branch deal. To get around it, a special law has been proposed to accomplish the handoff, but that may not get anywhere in the legislature either. One outcome is already known: tax evasion had become a key service of the Swiss economy, not some isolated event. “They have been outed completely because a very large chunk of their business has been shown to include people cheating on taxes,” says Jack Blum, a tax-haven expert. Being “reasonably conservative,” he estimates 30% of Swiss banking is related to tax evasion, a figure that jibes with recently released bank data.

These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That’s particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss banking assets. That translates into hundreds of millions in lost revenue and is the reason the German Finance Minister recently thundered, “There’s no future for bank secrecy. It’s finished. Its time has run out.” The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts.

Full story here.

Obama’s Phony Populism

Posted by Truth On March - 6 - 2010

Sheldon Richman
Campaign For Liberty
March 6, 2010

President Obama likes to portray himself as a man of the people. But a look behind the veil shows this to be a deception. Take the financial regulatory overhaul brewing in Washington.

I know what you’re thinking: What could better illustrate Obama’s bona fides as a champion of the people? He wants to regulate the banking industry after the recent debacle and is being fought by the banks and the Republicans. Doesn’t this clearly demonstrate his pro-people agenda?

A closer looks reveals the real story to be something quite different. First, there has never been an unregulated banking industry in the United States. You can look it up. And since 1914 we’ve had a central bank, the Fed, whose regulatory powers have only increased over the decades. Several other agencies also regulate the banks. There are regulators at the state level too.

But to focus only on regulation is to miss a big part of the story. In truth what we have had is a banking cartel, a partnership of government (state or national) and nominally private financial institutions. This partnership has two broad aspects that function as a quid pro quo: regulation and protection from free competition, that is, special privilege. The two sides haven’t always agreed on the exact proportions of the two elements, and the bankers have even disagreed among themselves. But lack of unanimity about details should not be mistaken for lack of agreement about the fundamental nature of the system. It is a government-banking alliance. Neither side would have it any other way.

Obamas Phony Populism  040310banner1

Second and following from what has just been said, the government’s fingerprints are all over the banking debacle. Various agencies of the U.S. government hold major responsibility for what happened. That the banks raked in big profits doesn’t change that; it’s part of the whole story. Fannie Mae and Freddie Mac, both government-sponsored enterprises, encouraged dubious mortgage lending, then bundled vast numbers of the loans into securities. An agreement among the world’s central banks, the Basel II Accord, encouraged banks to hold those securities rather than mortgage loans they could vouch for. And a government-licensed rating cartel gave the shaky securities high marks. In myriad other ways government and banking together created the crisis.

This is old, if unappreciated, news. But we need the reminder because the proposed financial regulation overhaul addresses none of the fundamental causes of the banking breakdown. A real reform, one that had the people’s interests at heart, would be based on the principle that banking is too important to trust to a government-backed cartel. A cozy relationship among politicians, regulators, and bankers is a recipe for trouble. Recent history shows us that. And no matter what the new regulatory regime consists of, that cozy relationship will continue. The regulators will have to depend on the bankers for information and may indeed be drawn from the industry. (They may also intend to work in the industry later.) But even if the regulators initially see themselves as overlords, in time the law of “capture” will kick in and the cozy relationship will resume.

The upshot is that the government’s promise to represent the public is false. Even if it wanted to, it wouldn’t have the information required to do the job. The irony is that in presenting itself as the guardian against “systemic risk,” the regulators present the largest systemic risk of all. It’s the Federal Reserve after all that brought us the Great Depression and damaging inflationary booms and bust ever since.

So what can we do? A real program aimed at the people’s well-being would take decision-making away from the government-banking cartel and put the financial industry into a free and open market, where competition would discipline bankers and decentralize decision- making. No small group would be in a position to make economywide mistakes and then get bailed out by their friends in high places. Only in the free market is there accountability. Profits would be private, but so would losses.

Obama should study the Democrats of the 19th century, who stood for competition and free trade in all things, especially money and banking. The party has surely gone downhill since then.

James Delingpole
London Telegraph
March 6, 2010

A sharp-eyed viewer has noticed that when I was debating George Monbiot on TV yesterday and I mentioned that his cherished “peer-reviewed science” had been discredited by Climategate he bared his teeth like a cornered cur. Says my body language expert John Lish:

“It was a quite aggressive and defensive gesture which was noticeable when he was attempting to dismiss you (talking about peer review). A definite body-language sign of being rattled.  He’s definitely uncomfortable about what’s occurring and others will have spotted that as well.”

Monbiot isn’t the only one. Consider the paranoid tone of this email from climate-fear-promoter Paul Ehrlich, during an exchange with fellow members at the National Academy of Scientists on how best to deal with the Denier threat: (Hat tip: Marc Morano)

“Most of our colleagues don’t seem to grasp that we’re not in a gentlepersons’ debate, we’re in a street fight against well-funded, merciless enemies who play by entirely different rules.”

And consider this tragic response from the editor of the US magazine Skeptical Inquirer when faced with declining readership. Despite its name, the Skeptical Inquirer has tended to adopt a none-too-sceptical position on AGW. This has annoyed one or two readers who have been cancelling their subscriptions in disgust. The editor Kendrick Frazier seems to imagine that this is not a reflection on his editorial policy but on his readership’s ‘false consciousness’ – as he shows in this robust editorial: (hat tip: Philip Thomas)

Full article here

Warmists overwhelmed by fear, panic and deranged hatred as their science collapses 040310banner1

James Delingpole
London Telegraph
March 6, 2010

A sharp-eyed viewer has noticed that when I was debating George Monbiot on TV yesterday and I mentioned that his cherished “peer-reviewed science” had been discredited by Climategate he bared his teeth like a cornered cur. Says my body language expert John Lish:

“It was a quite aggressive and defensive gesture which was noticeable when he was attempting to dismiss you (talking about peer review). A definite body-language sign of being rattled.  He’s definitely uncomfortable about what’s occurring and others will have spotted that as well.”

Monbiot isn’t the only one. Consider the paranoid tone of this email from climate-fear-promoter Paul Ehrlich, during an exchange with fellow members at the National Academy of Scientists on how best to deal with the Denier threat: (Hat tip: Marc Morano)

“Most of our colleagues don’t seem to grasp that we’re not in a gentlepersons’ debate, we’re in a street fight against well-funded, merciless enemies who play by entirely different rules.”

And consider this tragic response from the editor of the US magazine Skeptical Inquirer when faced with declining readership. Despite its name, the Skeptical Inquirer has tended to adopt a none-too-sceptical position on AGW. This has annoyed one or two readers who have been cancelling their subscriptions in disgust. The editor Kendrick Frazier seems to imagine that this is not a reflection on his editorial policy but on his readership’s ‘false consciousness’ – as he shows in this robust editorial: (hat tip: Philip Thomas)

Full article here

Warmists overwhelmed by fear, panic and deranged hatred as their science collapses 040310banner1