Kwame Kilpatrick guilty: For destitute Detroit, downfall of ex-mayor complete

“Former Detroit Mayor Kwame Kilpatrick was found guilty Monday under federal corruption charges of scheming to enrich himself and his close confidants during his tenure in public office.  The verdict, which was announced after 15 days of jury deliberations, concludes a saga that has gripped the destitute city for over two years and represents the staggering downfall of Mr. Kilpatrick.  The tales of personal excess resulting from systemic graft arrives one day before the city tries to make a last-ditch attempt to fight the takeover of its troubled finances by an emergency financial manager.”

http://www.csmonitor.com/USA/Justice/2013/0311/Kwame-Kilpatrick-guilty-For-destitute-Detroit-downfall-of-ex-mayor-complete

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Cyprus Parliament: “Stuff It, Eurocreeps!”

“This is a major setback for the New World Order in Europe. They are barely holding the Eurozone together with promises and fiat money. The voters in tiny Cyprus have called their bluff.  Let’s see what they come up with now. Let’s see how they prevent the bank run that their policies triggered.  They all seem so clever. But this time, a national parliament has called their bluff.  Where is their power now? What rabbit will they pull out of a hat this time?”

http://teapartyeconomist.com/2013/03/20/cyprus-parliament-stuff-it-eurocreeps/

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Confidential Wikileaks Cable (US Embassy in Nicosia) on Russian Money in Cyprus

EPJ13

“Curiously, the imposition of a tax on money deposited in Cyprus banks will hurt many Russian tax evaders, as the Wikileaks released cable below highlights, the amount of money placed in Cyprus by Russians attempting to evade Russian taxes is significant relative to the overall Cyprus banking system. The imposition of the tax is surely going to cause a flight of these funds out of Cyprus to a more stable tax haven–which is likely to destabilize the Cypriot banking sector even more.”

http://www.economicpolicyjournal.com/2013/03/confidential-wikileaks-cable-us-embassy.html

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U.S. flies B-52 bombers over South Korea

“The United States said it was flying training missions of nuclear-capable B-52 bombers over South Korea, in a clear signal to North Korea at a time of escalating military tensions.  The flights — part of annual joint South Korea-US military exercises — should be seen as underscoring US commitment and capacity to defend Seoul against an attack from the North, Pentagon spokesman George Little said.  B-52s have taken part in annual exercises before, but Little said the Pentagon wanted to underline their use this time given the current, heightened tensions, and he added that further B-52 flights would be carried out.”

http://www.rawstory.com/rs/2013/03/18/u-s-flies-b-52-bombers-over-south-korea/

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Is The CIA Trying to Kill Pro-US Venezuelan Opposition?

thelrcblog-50016

“That is the claim made by Acting President of Venezuela Nicolas Maduro, who served as vice president under the late president, Hugo Chavez.  Maduro claims that the US is plotting to assassinate the opposition candidate for president, Henrique Capriles Radonski, who polls suggest has almost no chance to win, and then pin the blame on the Venezuelan government. This, Maduro asserts, will bring about the kind of instability and public protest that the US has encouraged numerous times from the Color Revolutions to the Arab Spring.”

http://www.lewrockwell.com/blog/lewrw/archives/134047.html

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JPMorgan Chase CEO Jamie Dimon is accused of hiding information about big losses

“Washington dealt a double blow Thursday to JPMorgan Chase as a Senate report accused its iconic chief executive of hiding information about a massive loss from regulators while the Federal Reserve unexpectedly said it had found a ‘weakness’ in the bank’s capital plans.  The report takes the bank to task for hiding losses for three months last year, overstating the value of its trading positions and ignoring red flags. When regulators grew concerned, JPMorgan withheld information about the nature of the portfolio, Senate investigators say.”

http://www.washingtonpost.com/business/economy/jpmorganchase-ceo-jamie-dimon-is-accused-of-hiding-data-about-big-losses/2013/03/14/d95d6394-8ce7-11e2-9838-d62f083ba93f_story.html

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An Orwellian America

“We have been gradually disempowered by a corporate state that, as Huxley foresaw, seduced and manipulated us through sensual gratification, cheap mass-produced goods, boundless credit, political theater and amusement.  Now that credit is drying up, good jobs for the working class are gone forever and mass-produced goods are unaffordable, we find ourselves transported from ‘Brave New World’ to ‘1984.’  The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy.  It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy.”

http://www.zerohedge.com/news/2013-03-15/orwellian-america

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White House denies claims of collusion with the Taliban

“The White House on Monday strongly rejected allegations from Afghan President Hamid Karzai that the United States was colluding with the Taliban to justify the presence of US troops in the country.  ‘That’s categorically false, and nobody believes it,’ White House spokesman Jay Carney said when asked about Karzai’s remarks.  Karzai had charged that Taliban bombings helped the United States argue for a long-term military presence and that Washington was holding ‘daily’ talks with the insurgents behind the backs of his government.”

http://www.rawstory.com/rs/2013/03/11/white-house-denies-claims-of-collusion-with-the-taliban/

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LA Times: Only An Incipient “Terrorist” Denounces State Murder

“Citing the most recent missive from the self-appointed Stasi at the Southern Poverty Law Center, the Los Angeles Times claims that there are 1,360 proto-terrorist groups — sneeringly denounced as ‘patriots,’ ‘constitutionalists,’ and ‘sovereign citizens’ — scattered throughout the Soyuz. ‘These groups should be closely monitored, with resources adequate to the task, even if it means shifting some homeland security money from the hunt for foreign terrorists,’ concludes the paper.”

http://www.lewrockwell.com/blog/lewrw/archives/133766.html

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Riot Alert: Look Out Argentina, South Africa, Turkey and India

If history teaches us anything, it is that inflation usually ends in violence.  The Johannesburg-based economic research house ETM Analytics (www.etmstrategy.com), which has a strong Austrian bias, puts out a monthly riot alert based on the speed with which countries are debasing their currencies. It has been scarily accurate in predicting where trouble is most likely to erupt.  For all the press acreage given to the political causes of violence in countries like Syria and Egypt, it is difficult to side-step the obvious common denominator: inflation. A 10% rise in food prices can transform a hungry man into an angry man.

http://www.economicpolicyjournal.com/2013/02/riot-alert-look-out-argentina-south.html

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