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Date Sent: 2009-06-15
Freedom's Phoenix Global Edition for Monday, June 15, 2009
 
Economy Issue -- Britain's fury over settlement of Guantánamo Uighurs in Bermuda

Ron Paul: Moving Towards Tobacco Prohibition -- Foreign demand for US financial assets falls bigtime -- Sen. Durbin cashed out before big stock collapse -- Lloyds Bank hit by Obama tax purge -- Chris Hedges: The American Empire Is Bankrupt --  Mish: The $3.6 Trillion Leveraged Loan Wall of Debt -- Capital One Unadjusted Charge Off Rate Hits 10% -- Some people already have free government health care -- IMF says worst not over; record fall in Europe jobs -- So. Cal. Office Building Sells at 40% Below Construction Costs -- U.S., Global Stocks Drop as MSCI World Falls Most in 2 Months -- Denninger: Proud To Be American? You Should Be Ashamed -- DJ Wiltshire 5000 Index Thoughts -- Lakers roll to 15th title behind Bryant -- The Saga of the Bearer Bonds -- IMF bond plan shows US woes -- That worrying wall of debt

Adam Kokesh on the Infowarrior Wednesday, June 17; AZ: Breakfast Speaker: How Religion has Messed Up the World, Forever!; New Site: KokeshRevolution.com


 

Britain's fury over settlement of Guantánamo Uighurs in Bermuda News Link  •  Foreign Policy
Britain's fury over settlement of Guantánamo Uighurs in Bermuda
06-15-2009  •  London Times 
The British Government responded with ill-disguised fury to the news that 4 Chinese Uighurs freed from Guantanamo Bay had been flown for resettlement on Bermuda.
 
 
The Government of Bermuda failed to consult with the Foreign and Commonwealth Office on the decision to take in the Uighurs " whose return is demanded by Beijing " and it could now be forced to send them back to Cuba or risk a grave diplomatic crisis.
 
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Reported by: Powell Gammill
Moving Towards Tobacco Prohibition Feature Article  •  Drug War
Moving Towards Tobacco Prohibition
Powell Gammill
   by Ron Paul.  Last week, another bill was passed and signed into law that takes more of our freedoms and violates the Constitution of the United States.  It was, of course, done for the sake of the children, and in the name of the health of the citizenry.  It’s always the case that when your liberty is seized, it is seized for your own good.  Such is the condescension of Washington. The Family Smoking Prevention and Tobacco Control Act will give sweeping new powers over tobacco to the FDA.  It will require everyone engaged in manufacturing, preparing, compounding, or processing tobacco to
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Foreign demand for US financial assets falls bigtime News Link  •  Economy - Economics USA
Foreign demand for US financial assets falls bigtime
06-15-2009  •  AP 
Foreign demand for long-term U.S. financial assets fell in April as both China and Japan trimmed their holdings of Treasury securities. The net purchases of stocks, notes and bonds obtained by foreigners fell to $11.2 billion in April, from $55.4 billion in March.
 
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Reported by: Powell Gammill
Sen. Durbin cashed out before big stock collapse News Link  •  Corruption
Sen. Durbin cashed out before big stock collapse
06-15-2009  •  Sun Times 

[insider trading alert] As U.S. stock markets plummeted last September, the Senate's No. 2 Democrat, Dick Durbin, sold more than $115,000 worth of stocks and mutual-fund shares and used much of the money to invest in Warren Buffett's Berkshire Hathaway Inc.

The Illinois senator's 2008 financial disclosure statement shows he sold mutual-fund shares worth $42,696 on Sept. 19, the day after then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged congressional leaders in a closed meeting to craft legislation to help financially troubled banks. 
 
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Reported by: Powell Gammill
Lloyds Bank hit by Obama tax purge News Link  •  TAXES: Federal
Lloyds Bank hit by Obama tax purge
06-15-2009  •  Daily Telegraph 

Lloyds Banking Group is ditching American customers based in Britain pending a crackdown on international tax evasion planned by President Barack Obama.

This week American private client account-holders at Lloyds's received letters informing them of an "important change in policy regarding clients who are resident, domiciled or linked to the United States by property or asset holdings". 
 
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Reported by: Powell Gammill
A message from Robert Greenwald to Arizona. Feature Article  •  Activism
A message from Robert Greenwald to Arizona.
Found Zero
  
Director/producer of Brave New Films appeals directly to Arizonans to take action to halt funding for war in Iraq. Fortunately, action is one of our specialities! Phone/fax blast alert!

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Chris Hedges: The American Empire Is Bankrupt News Link  •  Federal Reserve
Chris Hedges: The American Empire Is Bankrupt
06-15-2009  •  TruthDig.com 
 
Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. 
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Reported by: Jack Gregson
California: Deadline day for state leaders to close $24.3 billion deficit News Link  •  Economy - Economics USA
California: Deadline day for state leaders to close $24.3 billion deficit
06-15-2009  •  SFgate.com/ 
 
Today's the deadline for Gov. Arnold Schwarzenegger and the Legislature to close a $24.3 billion deficit so the state controller can get emergency loans to help California avoid running out of cash next month.  
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Reported by: Jack Gregson
Mish: The $3.6 Trillion Leveraged Loan Wall of Debt News Link  •  Economy - Economics USA
Mish: The $3.6 Trillion Leveraged Loan Wall of Debt
06-15-2009  •  Michael Shedlock / Mish 
 
The clock is ticking on many things at once: Leveraged loans, boomer retirements and subsequent downsizing, Pay Option ARMs recasts, Alt-A recasts, and last but certainly not least, a jobless recovery that ensures massive credit card defaults 
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Reported by: Jack Gregson
My, I do love government compassion News Link  •  Domestic Policy
My, I do love government compassion
06-15-2009  •  AP 
When President Barack Obama increased unemployment benefits as part of his economic stimulus, he also made some Americans ineligible for hundreds of dollars a month in food stamps.
 
The law did not raise the income cap for food stamp eligibility, so the extra money has pushed some people over the limit.
 
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Reported by: Powell Gammill
Capital One Unadjusted Charge Off Rate Hits Record 9.91 Percent News Link  •  Economy - Economics USA
Capital One Unadjusted Charge Off Rate Hits Record 9.91 Percent
06-15-2009  •  Zerohedge.blogspot.com/ 
 
Just a reminder that a mere 3 months ago the charge off rate was just over 8% - a 20% deterioration in 12 weeks and accelerating. 
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Reported by: Jack Gregson
Some people already have free government health care News Link  •  Healthcare
Some people already have free government health care
06-15-2009  •  AP 
Ta'Shon Rain Little Light, a happy little girl who loved to dance and dress up in traditional American Indian clothes, had stopped eating and walking. She complained constantly to her mother that her stomach hurt.

When Stephanie Little Light took her daughter to the Indian Health Service clinic in this wind-swept and remote corner of Montana, they told her the 5-year-old was depressed.

 
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Reported by: Powell Gammill
Port of Long Beach: Inbound and Outbound Traffic Off Over 22 Percent News Link  •  Economy - Economics USA
Port of Long Beach: Inbound and Outbound Traffic Off Over 22 Percent
06-15-2009  •  polb.com/ 
 
Green Shoots? 
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Reported by: Jack Gregson
IMF says worst not over; record fall in Europe jobs News Link  •  Economy - International
IMF says worst not over; record fall in Europe jobs
06-15-2009  •  Reuters.com/ 
 
"Markedly weakening labour markets are a major threat to recovery prospects in the euro zone," said Howard Archer, economist at IHS Global Insight. 
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Reported by: Jack Gregson
So. Cal. Office Building Sells at 40% Below Construction Costs News Link  •  Economy - Economics USA
So. Cal. Office Building Sells at 40% Below Construction Costs
06-15-2009  •  CalculatedRiskblog.com 
 
Maguire Properties Inc ... sold a newly developed office building in Irvine, Calif., for about $160 million, a price representing an estimated 40% discount to its construction cost. 
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Reported by: Jack Gregson
U.S., Global Stocks Drop as MSCI World Falls Most in 2 Months News Link  •  Economy - Economics USA
U.S., Global Stocks Drop as MSCI World Falls Most in 2 Months
06-15-2009  •  Bloomberg 
[DOW down 200 so far today.] U.S. stocks extended a global slide, sending the MSCI World Index down the most in two months, as falling oil and metal prices weighed on commodity producers. Treasuries rose and the dollar strengthened.
 

 
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Reported by: Powell Gammill
Denninger: Proud To Be American? You Should Be Ashamed News Link  •  Iran
Denninger: Proud To Be American? You Should Be Ashamed
06-15-2009  •  Market-Ticker.Denninger.net/ 
 
Americans have sat on their butts through all of this, allowed their 401ks and IRAs to be trashed, their supposed "home values" to be pumped and then destroyed, and their hopes, dreams, employment and house have all vanished into the ether of fraud. 
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Reported by: Jack Gregson
Mish: Idle Railroad Cars, Where Do They Go? News Link  •  Economy - Economics USA
Mish: Idle Railroad Cars, Where Do They Go?
06-15-2009  •  Michael Shedlock / Mish 
 
The economic slump has idled about 70,000 Union Pacific railcars, now sidetracked wherever space can be found, said Zoe Richmond, a Union Pacific spokeswoman in Roseville, Calif 
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Reported by: Jack Gregson
Breakfast Speaker: How Religion has Messed Up the World, Forever! Feature Article  •  Events: Arizona
Breakfast Speaker: How Religion has Messed Up the World, Forever!
Powell Gammill
   Atheist Monti Gaither will speak before the Thursday Breakfast on "How Religion has Messed Up the World, Forever!"  Come hungry.
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DJ Wiltshire 5000 Index Thoughts News Link  •  Economy - Economics USA
DJ Wiltshire 5000 Index Thoughts
06-15-2009  •  arclein 
For those who track stock market prices, a general index has always been a good tool. The one that I like best is the Wiltshire 5000 now named the DJ Wiltshire 5000. With 5000 decently sized companies, it provides a fair sense of market breath for the core of the market itself. In short, I feel greater confidence drawing inferences from that chart  Read Full Story
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Reported by: Robert Klein
Fossil Records on Insect Damage News Link  •  Science, Medicine and Technology
Fossil Records on Insect Damage
06-15-2009  •  arclein 
More than 55 million years ago, the Earth experienced a rapid jump in global carbon dioxide levels that raised temperatures across the planet. Now, researchers studying plants from that time have found that the rising temperatures may have boosted the foraging of insects. As modern temperatures continue to rise, the researchers believe the planet could see increasing crop damage and forest devastation.  Read Full Story
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Reported by: Robert Klein
New Site: KokeshRevolution.com Feature Article  •  Media: Internet
New Site: KokeshRevolution.com
Ben Nichols
   The Revolution continues with Kokeshrevolution.com! Kokeshrevolution.com features upcoming events, ways to get involved, videos, interviews and more!The site is still in its early stages of construction, so please keep checking back for more updates. 

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ACTIONS YOU CAN TAKE TO SAVE AMERICA FROM MASS IMMIGRATION Opinion  •  Immigration
CONNECTING THE DOTS
ACTIONS YOU CAN TAKE TO SAVE AMERICA FROM MASS IMMIGRATION
06-15-2009
Frosty Wooldridge
  
If current congressionally mandated immigration rates, both legal and illegal, continue at 2.4 to 2.8 million annually, the United States will accumulate 70 million added immigrants to this nation by 2035, or 26 years from now. 

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Divided We Stand News Link  •  Geography
Divided We Stand
06/15/2009  •  WSJ 
Note:  WSJ is owned by Bilderberger Rupert Murdoch.  What would California look like broken in three? Or a Republic of New England? With the federal government reaching for ever more power, redrawing the map is enticing, says Paul Starobin
 
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Reported by: Jet Lacey
Today... Another Day to Watch Feature Article  •  Economy - Economics USA
Today... Another Day to Watch
Ernest Hancock
   Gold now over $1200. Does $1500 look so far away now? Look for more talk of "Bank Holidays" and new currency and civil unrest and hunger and... solutions that people come up with for themselves... and governments will not be consulted.
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Lakers roll to 15th title behind Bryant News Link  •  Entertainment: Sports
Lakers roll to 15th title behind Bryant
06-15-2009  •  AP 
Kobe Bryant has the NBA title he needed most - the one without Shaq. He's got his fourth, and Los Angeles coach Phil Jackson his record 10th, a ring for each finger.
 
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Reported by: Powell Gammill
The Saga of the Bearer Bonds News Link  •  Economy - International
The Saga of the Bearer Bonds
06-15-2009  •  Karl Denninger 
 This is a follow up story on the 2 Japanese nationals caught in Italy with $134 billion in US bearer bonds.  Here's the question.  Is the US or someone else printing phony US bearer bonds? 
 
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Reported by: Jean Carbonneau
IMF bond plan shows US woes News Link  •  Economy - International
IMF bond plan shows US woes
06-15-2009  •  Taipei Times 
 The IMF's plan to issue bonds for the first time has attracted several large emerging countries looking to diversify investments to the detriment of the dollar, whose luster is dimming under the mushrooming US budget deficit. 
 
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Reported by: Jean Carbonneau
That worrying wall of debt News Link  •  Economy - Economics USA
That worrying wall of debt
06-15-2009  •  The Deal 
The leveraged loan market got accustomed to big numbers over the past decade.  There's $3.6 trillion, the amount of leveraged loans made since 2000, according to Thomson Reuters' Loan Pricing Corp.  There's 735 collateralized loan obligations -- the funds that helped fuel the loan market's  
 
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Reported by: Jean Carbonneau
Adam Kokesh on the Infowarrior Wednesday, June 17 News Link  •  Activism
Adam Kokesh on the Infowarrior Wednesday, June 17
06-15-2009  •  kokeshforcongress.com 
Listen in at  http://infowarrior.infowars.com/ and call in at 866.582.9933 and show your support.
 
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Reported by: Jet Lacey
4409 -- THE KOKESH REVOLUTION Feature Article  •  Videos by 4409
4409 -- THE KOKESH REVOLUTION
Forty Four O Nine
  
Right now we are designing and making many types of signs for Adam Kokesh's run for congress. SEE VIDEO HERE :)

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My God, It's Full of Tsars News Link  •  Obama Administration
My God, It's Full of Tsars
06-15-2009  •  C4SS / Thomas Knapp 

Obama’s appointment of “tsars” to handle various policy issues (at his behest, under his direction, and subject to his personal veto, of course " but unlikely to be contested at all, let alone successfully, at the “democratic” level) isn’t the problem. Rather it is just one of the predictable final symptoms of a degenerative disease hard-coded into the DNA of rule by the state.

Revolution in favor of another form of state may temporarily mitigate that symptom, but only revolution in favor of the stateless society has the potential to cure the disease.

 
 
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Reported by: Brock Lorber
New UN Report Denounces America's Human Rights Record Feature Article  •  Imperialism
New UN Report Denounces America's Human Rights Record
Stephen Lendman
   America condemned for domestic and foreign policies.
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Lawrenceville Plasma Fusion Update News Link  •  Science, Medicine and Technology
Lawrenceville Plasma Fusion Update
06-15-2009  •  arclein 
I am actually optimistic about fusion energy science this time around. There has never been a real first time around to start with. It always was big science and huge budgets with oversized toys. Now at least three or more methodologies are in contention and even if they fail miserably, we will gain knowledge for what is small change. If you have a good idea that could plausibly work, it is no big trick to run simulations and from that attract the money  Read Full Story
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Reported by: Robert Klein
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