United States

The Nightmare Scenario: A Repo Implosion

Repo is at the heart of the shadow banking system, that opaque off-balance sheet underworld where maturity transformation and other risky banking activities take place beyond the watchful eye of government regulators. It is where banks exchange collateralized securities for short-term loans from investors, mainly large financial institutions. The banks use these loans to fund their other investments boosting their leverage many times over to maximize their profits.

Obama at the UN General Assembly: Five Years a Zionist Lackey

Obama’s rhetorical exercise in ‘peace talk’ at the United Nations General Assembly impressed few delegations and even fewer Americans: Far more eloquent are his five years of wars, military interventions, cyber-spying, drone murders, military coups and the merciless prosecution of patriotic truth tellers.

And the 2013 Nobel Peace Prize goes to… the warmongers (again)

Awarding the 2013 Nobel Peace Prize to an international organization that is being used as a political tool by the warmongers places it in the same category of dubious “politicized selection”. Awarding the OPCW the Nobel Peace Prize serves to reinforce the false standard set by the warmongers (Obama’s “red line”) that possession of WMDs, CWs, nukes, etc – that is, the mere potential that another country may use technology for malicious purposes, assuming that they even have such technologies at their disposal – is the ‘Mother of All War Crimes’.

Fear and loathing in House of Saud

Everybody now knows that shadow master Bandar bin Sultan, aka Bandar Bush, has been fully in charge of the war on Syria since he was appointed Director of National Intelligence by his uncle, Saudi King Abdullah.

Bandar is taking no prisoners. First he eliminated Qatar – the major financier of the so-called Free Syrian Army (FSA) – from the picture, after having a helping hand in Qatar’s emir, Sheikh Hamad, deposing himself to the benefit of his son, Sheikh Tamin, in late June.

Choose Activism: It’s Our Last, Best Chance

We are, each of us, purposefully chained by a leash in the Land of the Free™. But it is only those who stray from the cookie-cutter conformity who feel the leash’s harsh pull. Herman Wallace spent a lifetime tugging on that leash. We owe it to him and so many others to not only make the leash more visible but to also break the chains once and for all.

Why It’s Important to Publish the NSA Programs

Among IT security professionals, it has been long understood that the public disclosure of vulnerabilities is the only consistent way to improve security. That’s why researchers publish information about vulnerabilities in computer software and operating systems, cryptographic algorithms, and consumer products like implantable medical devices, cars, and CCTV cameras.

Derivatives and the Government Shutdown: Wall Street Bets One Thousand Trillion Dollars of Everybody Else’s Money

The casino has swallowed the system. The sums the players are betting are not only far larger than the value of the rest of their portfolios, but six times larger than the combined assets of every human institution and family on Earth, and almost 17 times bigger than the worth of humankind’s yearly output. Even if the whole planet were offered as collateral, it could not cover Wall Street’s bets.

Snowden Accepts Whistleblower Award

Though former NSA contractor Edward Snowden has been indicted for leaking secrets about the U.S. government’s intrusive surveillance tactics, he was honored by a group of former U.S. intelligence officials as a courageous whistleblower during a Moscow ceremony, reports ex-CIA analyst Ray McGovern who was there.

Chomsky: All Superpowers Feel Exceptional

The invasion of Iraq was undertaken with warnings from the intelligence services in the United States and Britain, both the attacking countries, intelligence services warned that this was going to increase terrorism. It did by a huge factor. According to government statistics by about a factor of seven in the first year. Does that help security? Well they had other reasons to invade Iraq, not security and this goes way back.

Holocaust of lies: US Mainstream media

The mainstream US media has once again mistranslated an Iranian president’s words.

Last time, they were lying to make the former President of Iran sound anti-West and anti-Israel. Now they are lying to make the new President of Iran sound pro-West and pro-Israel.

I suppose that is an improvement. Lying for peace is at least marginally better than lying for war.

But for those who care about truth, the Western mainstream media’s non-stop lies are nothing short of an ongoing holocaust.

Let’s take a closer look at the latest example of Western media duplicity.

Michael Parenti and Philip Giraldi on Capitalism and Empire

Michael Parenti is an internationally known, award winning scholar, with a Ph.D. in political science from Yale University.

Philip Giraldi is a former counter-terrorism specialist and military intelligence officer of the United States Central Intelligence Agency (CIA) and a columnist and television commentator