Tag Archives: corruption

USA was designed by geniuses, but….

Designed by geniuses, but...

The following list has been attributed to comedian Jeff Foxworthy. Snopes says Foxworthy is not the author. The original compiler is a man named Fritz Edmunds.

 

1. If you can get arrested for hunting or fishing without a license, but not for being in the country illegally, you live in a country run by idiots.

2. If you have to get your parents’ permission to go on a field trip or take an aspirin in school, but not to get an abortion, you live in a country run by idiots.

3. If you have to show identification to board an airplane, cash a check, buy liquor or check out a library book, but not to vote on who runs the government, you live in a country run by idiots.

4. If the government wants to ban stable, law-abiding citizens from owning gun magazines with more than ten rounds, but gives 20 F-16 fighter jets to the crazy leaders in Egypt, you live in a country run by idiots.

5. If, in the largest city, you can buy two 16-ounce sodas, but not a 24-ounce soda because 24-ounces of a sugary drink might make you fat, you live in a country run by idiots.

6. If an 80-year-old woman can be strip- searched by the TSA but a woman in a hijab is only subject to having her neck and head searched, you live in a country run by idiots.

7. If your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more, you live in a country run by idiots.
8. If a seven year old boy can be thrown out of grade school for saying his teacher’s “cute,” but hosting a sexual exploration or diversity class in grade school is perfectly acceptable, you live in a country run by idiots.

9. If hard work and success are met with higher taxes and more government intrusion, while not working is rewarded with EBT cards, WIC checks, Medicaid, subsidized housing and free cell phones, you live in a country run by idiots.

 

10. If the government’s plan for getting people back to work is to incentivize NOT working, with 99 weeks of unemployment checks and no requirement to prove they applied but can’t find work, you live in a country run by idiots.

11. If being stripped of the ability to defend yourself makes you more “safe” according to the government, you live in a country run by idiots.

If you are offended by this article,  you probably voted for the idiots who are running our country into the ground.
[from an article published by GODFATHER POLITICS]
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As always, posted for your edification and enlightenment by
NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

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US financial system punishes savers, rewards borrowers and speculators…

Corrupt Federal Reserve system? You decide...

Our financial system is so corrupt you might say there’s a rotting fish smell coming from the Fed.

How else can one describe a regime that punishes savers and rewards borrowers and speculators for years on end? Our central bank is essentially taking billions of dollars a year from average Americans, who are still struggling to get by in a bombed-out economy, and it is giving it — yes, giving it — to the very banks that helped cause the 2008 financial crisis in the first place.

Richard Barrington, an analyst with Moneyrates.com, estimates the Fed’s policies have cost savers $757.9 billion since the crisis, in an analysis released Tuesday . That’s approaching $1 trillion, which used to be considered a lot of money, even to bankers, before the crisis. The Fed, meanwhile, has only given the world a little assurance that its policies will change at some point in the distant future.

“It’s a stealth bailout,” Barrington said. “Low-interest-rate policies have helped bail out banks, the stock market and real estate, but the Fed has not publicly acknowledged the cost of those policies.”

Of course, not. Because the costs are staggering.

Money-market rates have been stuck between 0.08% and 0.10% but the annual inflation rate has been, at least nominally, 1.5%. That’s pretty low for inflation, yet this spread eroded the purchasing power of American deposits by $122.5 billion over the last year alone, Barrington said.

Barrington’s analysis, by the way, is conservative. It only counts what inflation has done to savers. It does not include what savers might have made if interest rates were closer to historic averages. And after five years, these costs are only mounting.

“Unlike the other bailouts we’ve seen, this one has become open-ended,” Barrington said.

The Fed creates debt, not money.

He does not attribute this ongoing folly to corruption, as I do. He sees it, more charitably, as the result of “thinking that’s trapped in the past.” Our economic problems are unprecedented, and yet the Fed is still making comparisons to what they think should have been done in the 1930s.

The Fed has been purchasing tens of billions of dollars per month in U.S. Treasuries and mortgage-backed securities from banks. It has been cutting back this program, and many Fed watchers expect it to end by October, but so far these purchases have totaled more than $3.3 trillion.

And what does the Fed have to show for this? Economic growth averaging only about 2% a year. A sluggish labor market. And artificially raised stock and real estate prices that may not hold if the Fed ever stops manipulating interest rates to such historic lows.

Most Americans, by the way, haven’t participated in these lofty stock market gains that continue to widen the gap between rich and poor.

Bankrate.com on Monday released a survey of more than 1,000 households that showed 73% are “not more inclined to invest in stocks.” It was the third year in a row that this survey uncovered negative sentiments regarding the stock market, even as the Standard & Poor’s 500 Index has doubled since hitting bottom in 2009.

After getting burned twice in one decade — the 2001 Internet bust and the 2008 financial crisis — it is easy to see these gains as part of yet another financially engineered scheme. Average Americans either don’t have money to risk or they simply refuse to be herded into a casino, even at a time when money-market rates and bank deposits are delivering negative returns relative to inflation.

It just doesn’t make sense to the average mind. The Fed has responded to a crisis caused by too much borrowing by encouraging even more borrowing. It has allowed too-big-to-fail banks to become even bigger. It has helped inflate the national debt to nearly $18 trillion with its monthly asset purchases. It has created a junkie economy that seems hopelessly addicted to historically low interest rates, ever-increasing borrowings, and a non-stop printing press rolling out dollars.

Relax, your mighty Fed is at work...

You’d think banks would show some gratitude for all the dramatic adjustments made in the economy just to save them, but no. They have responded by raising fees and overdraft charges on customers, wrongfully foreclosing on homes, charging usury rates on credit cards and other consumer loans whenever possible, cheapening customer service, suing each other for the shoddy mortgage-backed securities they sold each other, laying off thousands of their own rank-and-file employees, and handing out fat bonuses to their top executives.

“Like any other economic decision, the Fed’s low-interest-rate policies should be looked at in cost-benefit terms,” said Barrington. “So far, the net benefits appear debatable in light of the costs.”

Boisterous cheers for rising asset prices, largely fueled with the Fed’s funny money, have shouted down the debate. Payoffs are how corruption spreads.

Now some might ask, what do I mean by corruption? Janet Yellen, she seems like a nice lady. Ben Bernanke, he seems like a nice guy. Other people at the Fed, they seem all right when you hear them speak. Do you really mean to tell me they’re corrupt? That they’re bad people?

Well, let’s put it this way: Ugly people don’t always know they’re ugly. Fat people don’t always realize that they’re fat. Stupid people truly don’t know that they’re stupid. That’s just part of being stupid. And people who’ve been completely co-opted by the wealth and power of a globalized banking system, do you think they know when they’ve become tainted by the normalized corruption all around them? Do you think they even want to know that they are captured regulators?

They may appear well-intentioned. They may even have good intentions, for all I know. But I’ve noticed they rarely, if ever, use the term “moral hazard” anymore. It’s just not part of their calculus. They have blinded themselves even to the law of gravity with the sheer amount of brain power that they put into everything they say and do. And they’re completely trapped in this thinking that trillions for the banks will solve everything.

You don’t need to take a class in economics, or even history, to suspect that the Fed can’t hold interest rates to zero for more than half a decade without consequences. And that it can’t keep printing money forever.

The Fed argues it’s all part of a necessary evil, without fully conceding that it is evil nonetheless. The Fed will also say that it saved the world from a financial crisis that could have been far worse. But this remains a hypothetical argument.

What if instead of bankers, we gave trillions of dollars to ordinary citizens running small businesses? Wouldn’t that have saved us from a financial crisis, too? Or what if instead we just let the little people earn a little interest on their savings accounts?

“Wouldn’t that three-quarters of a trillion dollars have been better off in people’s hands where they could spend it?” Barrington asks.

Relax, your Fed is in control...

The Fed is supposed to intervene in the supposedly free-market economy when there’s a crisis. That’s what the Fed was created to do. But for how long? Barrington said it’s about time to do the math and figure out if the price America paid to bail out its banks and its economy was worth it.

That the Fed has gone this many years without counting it up smells like rotting fish to me.

[by Al Lewis, writing for MARKETWATCH]

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

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Wire fraud, money laundering, corruption, and bribery, plus murder-for-hire all alleged by FBI against California politician…

California Democratic politician Leland Yee
The 137-page, FBI-sworn affidavit against California State Sen. Leland Yee, a Democrat who is also running for Secretary of State, and over two dozen other individuals reads like a crime thriller.

Beyond the widely reported stories of alleged wire fraud, money laundering, corruption, and bribery, the affidavit contains tales of alleged murder-for-hire plots involving a political consultant close to Yee, as well as large international weapons trafficking operations.

Indeed, while the media have fixated on the hypocrisy of a gun-control advocate–Yee sponsored legislation against detachable magazines, for example–alleged involvement in gun smuggling, few reports delve into the kind of weapons with which Yee was allegedly involved.

The FBI affidavit describes conversations about shipments of automatic weapons and talk of heavier weapons, including shoulder-fired missiles and artillery.

One arms trafficker Yee allegedly discussed sourced weapons from Russia. Another trafficker, in an alleged meeting with Sen. Yee, political consultant Keith Jackson, and the FBI informant on March 11, 2014, allegedly discussed arms to be obtained from the Philippines. The affidavit claims the arms trafficker claimed personal relationships with Islamic rebels in the Philippines, though the weapons were supposedly to be obtained from sources inside the Philippine military.

Throughout the document, a portrait emerges of a politician who is not only allegedly cavalier about campaign finance limits but who allegedly associates with violent criminals and drug traffickers.

And it is a rather sad picture: at one stage Yee allegedly confides that he does not enjoy his life and wants to live in anonymity in the Philippines.

The Los Angeles Times notes that the persona that emerges in the affidavit is a very different figure than the one Sen. Yee presented to the public: a local community leader and steadfast advocate for gun control whose efforts were nationally recognized.

The sworn testimony by FBI Special Agent Emmanuel Pascua paints Yee as a man who allegedly used corrupt relationships to finance his various campaigns and campaign debts.

Another theme throughout the affidavit is the skillful way in which the FBI manipulated the greed of some of the alleged criminals, who push each other into alleged conspiracies for fear of missing out on their own independent opportunities for self-enrichment.

Though the presumption of innocence must hold for now, the sheer scale and detail of the FBI’s work is impressive.

[by Joel B. Pollak, writing for BREITBART.COM]

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

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Official White House position: “If the president didn’t know about it, he can’t be blamed.”

MSNBC is just catching up to what we at Eagle Rising have been saying for quite a while – that President Barack Obama is an absentee President.

Either President Obama has no idea what is going on in his administration, or he is an absolute lying scoundrel. Either way it means that America has made a disastrous choice in making this man President.

He is either completely inept and totally unqualified to be President OR he is the most unethical, immoral man to hold the office of the President.

[NORM ‘n’ AL Note: We suspect it is both.]

MSNBC host Mika Brzezinski tries her best near the end to spin the video montage as “unfair,” but in fact it’s a more than fair portrayal of this administration.

Imagine, if you will, that the Bush administration said… “President Bush found out about it when you did” more than a time or two. The media and his opponents would’ve had a field day with information like that. They would have called him stupid and ignorant of the issues that faced our nation. They would have questioned his education, his alcoholism or made derogatory comments about drug addiction.

"Morning Joe" clip...

CLICK ABOVE to view this short video…

The Obama administration’s go-to move is to deflect knowledge. “If the President didn’t know about it, he can’t be blamed.” That may work once or twice, but five, six, seven times? At that point you have a President who is simply taking up space.

The root issue here is, of course, uglier than all this.

The root issue is that this administration has been rife with corruption and incompetence. The root issue is that every day a new “scandal” emerges from the White House. The root issues is that most of these problems didn’t have to exist, and the only reason they do is because the Obama administration is full of people who are just like the President. Sanctimonious, aloof, uncaring and completely dismissive of other people’s opinions and ideas.

The Obama White House just couldn’t imagine that they could be wrong on any of these things and so they deflect blame. The NSA, the IRS, the Justice Department, the State Department, Fast and Furious/Gun Walker, the AP/Fox News incidents, Benghazi, Grenade Walker, and now the Obamacare rollout.

MSNBC can spin all they want for this President… stories like this will continue to leak out of the White House because their culture isn’t changing any time soon. For at least the next three years, we’ll continue to have a “know-nothing” President.

[by Onan Coca, writing for EAGLE RISING]

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BONUS FEATURE TODAY…JUST IN: NEW ILLUSTRATION OF OBAMACARE IN ACTION!

First look! Obamacare in action!

 

 

As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

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