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Date Sent: 2009-08-11
Freedom's Phoenix Global Edition for Tuesday, August 11, 2009 PM edition
 
Taliban Now Winning -- Why Are Internment Camps Being Built? - by Chuck Baldwin

Turning the US army against Americans -- More Congressmen Involved In Countrywide “Sweetheart” Loans Scandal -- Financial stocks drag Wall Street down -- Obama Will Be Crushed Under A Mountain Of Debt - by Niall Ferguson -- "Deflationary Depression" in Our Future, Prechter Says -- The Real Unemployment Situation -- Redflex Contract Illegal -- Broke Iceland agonizes over covering bank deposits -- DoD pushing for domestic military control -- Testing week for US bond investors

OK: Freedom21 National Conference Starts Thursday (live online too); WY; Wyoming Liberty Fest Aug 21 - 23 (see Letter to Editor)


 

Taliban Now Winning News Link  •  WAR: About that War
Taliban Now Winning
08-11-2009  •  Wall Street Journal 
The Taliban have gained the upper hand in Afghanistan, the top American commander there said, forcing the U.S. to change its strategy in the eight-year-old conflict by increasing the number of troops in heavily populated areas like the volatile southern city of Kandahar, the insurgency's spiritual home.
 
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Reported by: Powell Gammill
Why Are Internment Camps Being Built? Opinion  •  Philosophy: Political
Food For Thought
Why Are Internment Camps Being Built?
08-11-2009
Chuck Baldwin
   The Internet is abuzz with news about the construction of internment camps all across America. Of course, "mainstream" media outlets refuse to touch the subject; or if they do, they pooh-pooh the story;...

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Turning the US army against Americans News Link  •  Activism
Turning the US army against Americans
08-11-2009  •  The Guardian 
An antiwar activist has been accused of spying for the US army, raising legal questions the Obama administration must answer.   An antiwar activist in the state of Washington had been exposed as an undercover informant for the US army, stationed at massive Fort Lewis, south of Tacoma. And in one of those Kafkaesque twists for which our government is renowned, the army is now investigating itself to determine how such an arrangement came to pass.   Read Full Story
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Reported by: Powell Gammill
More Congressmen Involved In Countrywide “Sweetheart” Loans Scandal News Link  •  Corruption
More Congressmen Involved In Countrywide “Sweetheart” Loans Scandal
08-11-2009  •  News Junkie Post 

Tremendously under-reported this weekend was the story of how some members of Congress have been under investigation for getting “sweetheart” VIP loans from Countrywide Financial " the home mortgage company that led the pack of other financial institutions to the housing bubble last year.

The network that gets credit for doing their job is CBS News, which reported on Friday that the list of “influential” Democrats and Republicans that received VIP loans from Countrywide continues to grow. The latest congressman being investigated is Edolphus Towns, a democrat from New York.

  
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Reported by: Powell Gammill
Gen. McChrystal: Jobs could curb Taliban fighting News Link  •  WAR: About that War
Gen. McChrystal: Jobs could curb Taliban fighting
08-11-2009  •  USA Today 
The top U.S. military commander in Afghanistan says many Taliban insurgents, particularly in the violence-plagued south, could be persuaded to stop fighting if they could find jobs in a stabilized country.
 
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Reported by: Powell Gammill
Cop body slams knife-wielding 84 year old woman, nearly causing 'riot' News Link  •  Law Enforcers or Peace Officers
Cop body slams knife-wielding 84 year old woman, nearly causing 'riot'
08-11-2009  •  Rawstory VIDEO 

On the night of August 1, at a Walmart, Virginia Dodson could not remember why she was sitting alone in a car. It dawned on her that she did not know how to unbuckle her seat belt either. Panic began to take hold.

Her solution was to scrounge up a steak knife and cut through the straps, eventually finding her way into the confusing world of the parking lot, still wielding the blade.

  
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Reported by: Powell Gammill
Shut Yer Mouth: Man Gets 6 Months for Yawning News Link  •  Criminal Justice System
Shut Yer Mouth: Man Gets 6 Months for Yawning
08-11-2009  •  MSNBC 

Make sure you get plenty of sleep before going to court.

Clifton Williams didn't and he's been sentenced to six months in jail for yawning.

"I was flabbergasted because I didn't realize a judge could do that," Williams' father, Clifton Williams Sr., told the Chicago Tribune. "It seems to me like a yawn is an involuntary action."

  
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Reported by: Powell Gammill
Goldman Sachs and Chinese Drywall News Link  •  Corruption
Goldman Sachs and Chinese Drywall
08/11/2009  •  Goldman Sachs 666 
Let me start by saying I have no information that Goldman Sachs had anything whatsoever to do with the Chinese Drywall issues plaguing home owners, but I want to make a point, how ignoring signs, signals, warnings and Americans crying out for help . . . will turn into something that we cannot fix without a huge cost. In fact, with Goldman Sachs, it is more like Humpty Dumpty. We will NOT be able to fix the damage they have done and continue to do to our financial system and our futures. So here is something I posted this morning on my real estate blogs about Chinese Drywall . . . and how it reminds me of how we are letting Goldman Sachs get away with whatever they want, because just like the home builders had politicians and regulators in their pockets, Goldman Sachs owns Washington and just about every Governor in the United States. Now we are talking about a bailout for the home buyers of these homes, which will indirectly bail out the home builders. Nonsense. Once again, we want  Read Full Story
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Reported by:
Radio/TV Show  •  Declare Your Independence with Ernest Hancock - Radio
Host: Ernest Hancock
"Declare Your Independence with Ernest Hancock" - August 11th 2009
   The Power of Love - A very good subject on my 25th Wedding Anniversary.

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Financial stocks drag Wall Street down News Link  •  Economy - Economics USA
Financial stocks drag Wall Street down
08/11/2009  •  Reuters 
Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares. Economic data showing an unexpectedly large fall in wholesalers' inventories added to the bearish sentiment. The drop in inventories in June, which was nearly double expectations, suggests that businesses remained skeptical about a return in demand. Financial stocks, which had gained about 25 percent in the last month, tumbled after Rochdale Securities analyst Richard Bove painted a gloomy outlook for the banking industry. He said bank stocks are trading on "fumes," and he expects a short-term pull-back in their stock prices.  Read Full Story
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Shovel-Ready Health Care News Link  •  Healthcare
Shovel-Ready Health Care
8/10/09  •  IBD Editorials 
"The America I know and love is not one in which my parents or my baby with Down Syndrome will have to stand in front of Obama's 'death panel' so his bureaucrats can decide, based on a subjective judgment of their 'level of productivity in society' whether they are worthy of health care," Palin wrote. "Such a system is downright evil."  Read Full Story
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Reported by: Anonymous Watchman
Obama Wants It Both Ways On Healthcare News Link  •  Healthcare Industry
Obama Wants It Both Ways On Healthcare
08/11/2009  •  The Business Insider 
Special interests largely support reform, but Obama wishes they were enemies of progress.Obama's approach to pushing healthcare reform forward faces a major contradiction. See, generally speaking the current major stakeholders (the AMA, insurance companies, the drug lobby, etc.) favor some version of reform. But Obama wants them as enemies, because it's easier to blame them than it is to blame intransigent blue-dog democrats.  Read Full Story
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Obama Will Be Crushed Under A Mountain Of Debt -- Niall Ferguson News Link  •  Cost of Empire
Obama Will Be Crushed Under A Mountain Of Debt -- Niall Ferguson
08/11/2009  •  The Business Insider 
The cause? Massive, ballooning public debt. The public intuitively knows that debt is bad, Ferguson says--perhaps because consumers now have it coming out of their ears. This is why so many Americans disapprove of Obama's handling of the economy. And it's why his future is threatened... Niall Ferguson, FT: According to the polls, voters disapprove of Congress by 61 per cent to 31 per cent. What’s more, the two parties would be neck and neck if the midterm elections were held today. The reason is clear. While the stimulus package had a sound macroeconomic rationale, the growing structural imbalance between federal revenue and spending scares the hell out of voters. A recent USA Today/Gallup poll showed that 59 per cent of Americans think government spending is excessive. Mr Obama receives his lowest approval ratings for his handling of the federal budget deficit. Voters have good reason to disapprove. The deficit this year is likely to be $1,800bn (€1,270bn, £1,090bn).  Read Full Story
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Banking and Credit: It Is NOT Over News Link  •  Corruption
Banking and Credit: It Is NOT Over
08/11/2009  •  The Market Ticker 
One-sentence reduction: We legalized accounting fraud and have and are sending the taxpayer the bill to the tune of hundreds of billions of dollars. Gee, more truth-telling this morning! In its latest assessment of the $700 billion financial system bailout, the Congressional Oversight Panel warns that banks still hold many risky loans of uncertain value. If unemployment rises sharply or the commercial real estate market collapses -- as many economists fear -- the banking system could again lose its footing, the panel says in a report to be released Tuesday. "Uncertain value"? Oh do come on. Let's look at the actual information that the COP put out, minus the usual media spin job: The Panel's report raises several questions about the program, including whether accounting rules that allow banks to carry assets at higher valuations will diminish their willingness to sell. English: We still have banks that are engaged in what amounts to accounting fraud when looked  Read Full Story
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To The RNC: WAKE UP News Link  •  Bailouts
To The RNC: WAKE UP
08/11/2009  •  The Market Ticker 
I just received one of the famous "fundraising calls" from the RNC. They were soliciting people to give them money (and tried for slightly over $3k!) to "stop Obama's Health Care plan that will cost $1 trillion." Oh boy did that poor sap get an earful. I "explained" that: $1 trillion is a lot of money. $12 trillion is a lot more, and that's how much the RNC has allowed to be pissed away backstopping and rewarding people who have stolen from the American people through bailouts and handouts, all of which have gone to the very people doing the stealing! John McCain, to whom I gave a significant campaign donation, returned my favor by suspending his campaign to push through the EESA/TARP, a bill that by 300:1 margins the American People opposed. If the Republicans are the party of the people why is it that they are allowing these bankers to steal over $30 billion dollars by re-ordering transactions to generate the MAXIMUM in overdraft fees? Th  Read Full Story
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Inflation Not a Problem, News Link  •  Depression
Inflation Not a Problem, "Deflationary Depression" in Our Future, Prechter Says
08/11/2009  •  Yahoo 
Make sure to watch the video at site also.. In July, Ben Bernanke told a town hall meeting, "I was not going to be the Federal Reserve chairman who presided over the second Great Depression." According to New York Times columnist Paul Krugman in that regard he's succeeded. Bernanke's rescue of the financial sector in tandem with the Obama Administration's stimulus plan prevented a "full replay" of the Great Depression, the Nobel Prize-winning economist writes. But like President Bush declaring "Mission Accomplished" in 2003, Elliott Wave International founder, Bob Prechter thinks Krugman and Bernanke are premature in declaring victory over the credit crunch. Prechter, who famously predicted the 1987 stock market crash, tells Tech Ticker "the march towards depression, which is being fueled by deflationary trend, is pretty well intact." So forget all you've heard about recovery and inflation, "we've only seen the first   Read Full Story
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Wonder of Wonders: Greenberg and Spitzer Agree on Goldman Sachs News Link  •  Crony Capitalism
Wonder of Wonders: Greenberg and Spitzer Agree on Goldman Sachs
08/11/2009  •  bNet 
Talk about the best interview since “Frost-Nixon.” How about Blodget-Spitzer? Henry Blodget interviewed former New York Attorney General and Gov. Eliot Spitzer, who ran Blodget out of Wall Street. Both are bloggers/columnists, both have suffered disgrace and both are looking for redemption. And wonder of wonders, during the interview Spitzer was in agreement with yet another of his former targets, the peripatetic Hank Greenberg. The former CEO of American International Group is another in a long line of bosses who lost their jobs to Spitzer’s tough investigative tactics. Spitzer probably wouldn’t want to admit that he essentially repeated what Greenberg said last December, and which BNET Finance ran: that the real villain in the AIG bailout wasn’t Greenberg or Spitzer; it was Goldman Sachs, the investment bank whose tentacles reached into the highest levels of government.  Read Full Story
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The Real Unemployment Situation News Link  •  Depression
The Real Unemployment Situation
08/11/2009  •  Washington;s Blog 
This is long but it entails facts and figures and covers a lot more you should know about in addition to the "Real" Unemployment Situation... What Will Future Conditions Look Like? When he was presented with the July unemployment numbers, even President Obama tempered his enthusiasm by saying that the official unemployment numbers will rise to 10% later this year. And the Federal Reserve predicted in July that high unemployment will cause the eventual economic recovery to be drawn out and weak for years to come. In other words, the Fed is worried that we're trapped in a vicious cycle, where a poor economy will lead to high unemployment numbers, and unemployment will lead to less consumer spending which will worsen the economy. Here is a snippet.. And former chief IMF economist Simon Johnson notes that a vicious cycle also exists between unemployment and property foreclosures: Unemployment is always a lagging indicator, and given the record low number of average hour  Read Full Story
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Camper-trailers: America's most under-rated piece of survival equipment. Feature Article  •  Humor
Camper-trailers: America's most under-rated piece of survival equipment.
Found Zero
   Let the honored scholars at Lew Rockwell stand back and get some practical survival advice from people who know how to make do with less: scumbags like me.
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Judge: Redflex Contract Illegal News Link  •  Crony Capitalism
Judge: Redflex Contract Illegal
08/11/2009  •  CameraFRAUD 
Beleaguered photo radar and red light camera provider Redflex Traffc Solutions was dealt a blow last week when a Superior Court judge in Orange County, CA. found their contract with the City of Santa Ana to be illegal: "…Orange County Superior Court Commissioner Kenneth Schwartz declared the city’s program void because it had ignored several provisions of state law."  Read Full Story
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Reported by: Camera FRAUD
HEALTH CARE REFORM: CONGRESS HAS NO AUTHORITY TO LEGISLATE News Link  •  Healthcare
HEALTH CARE REFORM: CONGRESS HAS NO AUTHORITY TO LEGISLATE
8/10/09  •  News With Views 
In almost twenty years of full time activism, rarely have I seen such an uproar as we're seeing over Comrade Obama and Congress' attempt to take over another private industry. My email box has been deluged with hundreds of messages every day for weeks about this so called health care reform. Americans have read the fine print and gone ballistic, as well they should. The wrath of the American people is long over due. ...  Read Full Story
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Reported by: Anonymous Watchman
Michelle Obama and News Link  •  Obama Administration
Michelle Obama and "Public Service"
08-11-2009  •  ABC / Stossel 
As First Lady, Michelle Obama gets no salary. She has no official duties. But her “public service” still costs taxpayers a lot. Apparently she requires a staff of 22.
  I knew President Obama was interested in creating jobs, but didn’t think so many would be working inside the White House.
 
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Reported by: Brock Lorber
Madison's Folly News Link  •  Political Theory
Madison's Folly
08-11-2009  •  C4SS / Thomas L. Knapp 
[H]e failed to reach the conclusion which screams from [his] premises: Since men aren’t angels, and since they don’t become angels when they enter into the business of governing, trusting them with that business is a very, very bad idea.
 
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Reported by: Brock Lorber
Colleen O’Connor: Why health care ‘reform’ is in trouble News Link  •  Healthcare
Colleen O’Connor: Why health care ‘reform’ is in trouble
08/10/2009  •  San Diego News Network 
Impugning Americans’ motives, just because they ask questions, is foolhardy. They know they’ve been had. Just look at the war that didn’t create democracy, the stimulus that didn’t create jobs, and the bank bailouts that didn’t provide loans. The system is rigged and Americans are now after the riggers. Or as New York Times columnist, Frank Rich, wrote about the bank bailouts, the questions are increasing in intensity: “The questions about Geithner’s role in adjudicating the subsequent bailouts aren’t going away, and neither is the angry public sense that the fix is still in. We just learned that nine of those bailed-out banks " which in total received $175 billion of taxpayers’ money, but as yet have repaid only $50 billion " are awarding a total of $32.6 billion in bonuses for 2009.” All the bailouts, fixes, riggings, and deceitful word games, have further undermined support for any health care overhaul. The public is rightfully distrustful. Calling the town hall atten  Read Full Story
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State Sovereignty Movements Gaining Support News Link  •  Constitution
State Sovereignty Movements Gaining Support
08/10/2009  •  Personal Liberty Digest 
Not since the rebellion in America was quashed in 1865 with the surrender of Robert E. Lee to Ulysses S. Grant has so much attention been paid to state sovereignty as is being paid today. More than 35 states have passed or are considering state sovereignty amendments, according to the Tenth Amendment Center. Just before leaving office, Alaska Gov. Sarah Palin signed a bill declaring that state’s sovereignty, joining Tennessee Gov. Phil Bresdesen in that regard. States are finally becoming fed up with the increasingly dangerous non-Constitutional overreach of the Federal Government, and State Legislatures are working to stop it. Unfortunately, many of today’s voting-age Americans have never even read the U.S. Constitution. Apparently, most civics classes in public schools today dwell on other things. So far too many people have no clue how far their government has overreached and taken away their liberty. But here’s the truth: the Constitution gives the three branches of gov  Read Full Story
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As predicted, bankruptcies are ramping News Link  •  Economy - Economics USA
As predicted, bankruptcies are ramping
08/10/2009  •  Investment Watch 
When people lost their job and carry around a lot of debt, they are likely to file for bankruptcy. Banks will face more losses during the next quarters. “Aug. 10 (Bloomberg) " Consumer bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by Dec. 31 as jobs are lost and loans are harder to get, according to the trade group American Bankruptcy Institute. More than 126,000 consumers filed for bankruptcy in the U.S. last month, 34 percent more than in July 2008, the ABI said in its latest report on Aug. 4. The increase came after a 36.5 percent rise in personal bankruptcies nationwide in the first six months, to 675,351, according to the ABI research group, which interprets data collected by the National Bankruptcy Research Center. “Rising unemployment on top of high pre-exiting debt burdens is a formula for higher bankruptcies through the end of this year,”  Read Full Story
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Baltic Dry Index has Worst Week Since October 2008″, you gotta think the party is just about o News Link  •  Depression
Baltic Dry Index has Worst Week Since October 2008″, you gotta think the party is just about o
08/11/2009  •  Investment Watch 
Remember, good news is to be trumpeted, and bad news (or anything perceived as such) is to be ignored. But lest you worry, with the index down so severely THIS week when it invariably rebounds it won’t be ignored - it will be a lead story for ‘reasons you need to buy stocks’ on certain financial entertainment TeeVee stations. •The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed. The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October. •“The Chinese have backed off and it’s starting to show in the number of shipments this month,” a Cape Town-based official at Island View Shipping SA, Africa’s biggest commodities shipping line, said by phone today. “Iron ore and coal seem to be slowing down.”  Read Full Story
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Close Attention: The collapse in commercial real estate could lead to another financial crisis!! News Link  •  Economy - Economics USA
Close Attention: The collapse in commercial real estate could lead to another financial crisis!!
08/.11/2009  •  Investment Watch 
The coming FOMC meeting will focus on the commercial real estate problem. CRE Vacancy has been skyrocketed for the past few month and current situation is very dangerous. Nearly 16% of office space in Los Angeles County is sitting vacant as tenants close up shop or move out of expensive properties. Nearly a third of the space around up-market Playa Vista sits empty; office buildings in the Inland Empire and parts of Orange County are completely vacant. James Helsel, on behalf of the National Association of Realtors, is even more negative. He argues that this sector supports 9 million jobs and many of these are now in jeopardy. Of course, he is looking for a bailout of some kind (who isn’t?) but still he is right about emerging problems in and around the retail sector. “July 9 (Bloomberg) " The $3.5 trillion commercial real estate market is a ticking “time bomb” that may lead to a second wave of losses at large U.S. banks, congressional Joint Economic Committee Chairwoman Carolyn  Read Full Story
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If You Think the Healthcare Bill is Not About Totalitarian Control, Read This News Link  •  Obama Administration
If You Think the Healthcare Bill is Not About Totalitarian Control, Read This
08/10/2009  •  Economic Policy Journal 
Rep. Cliff Stearns (R-FL) offered an amendment that would ensure that nothing in the bill could prevent individuals from keeping their current health benefit plan. Based on their own reading of the language of the bill, several [The House Energy and Commerce] Committee members did not believe such a guarantee, as proposed by Rep. Stearns, was necessary. So, they defeated the Stearns amendment... Rep. Jan Schakowsky (D-IL) offered an amendment that would put the government in control of setting prices for insurance premiums for seniors’ prescription drug coverage. The amendment would mandate that premiums for insurance plans offered on the National Health Exchange could not exceed 150 percent of the annual percentage increase in medical inflation, essentially placing a government price cap on premiums. In addition, the amendment would allow the Secretary of HHS to “negotiate” the drug prices in Medicare Part D and Medicare Advantage plans. In other words, the government, not the mark  Read Full Story
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Iceland agonizes over compensation deal News Link  •  Bailouts
Iceland agonizes over compensation deal
08/11/2009  •  Google 
Here is the perfect example of Socializing the Losses Sound Familiar? Icesave, a subsidiary of the Landsbanki bank that was nationalised in October 2008, had attracted more than 320,000 British and Dutch savers owing to the high interest rates offered in Iceland. But they lost their savings when their accounts were frozen in connection with Landsbanki's nationalisation. London and The Hague partially compensated them before turning to Reykjavik, which led to a lengthy row that was only resolved in June. But now lawmakers are under public pressure, with a Capacent Gallup poll published last week showing that 67.9 percent of Icelanders are against the refund scheme, and only 19.6 percent support it. "It should be flatly rejected," said Brynjar Elinarson, a thirtysomething Reykjavik resident. Bjorg Gudmundsdottir, a woman in her 40s, agreed. "We can't repay all these debts." With its 319,000 inhabitants, the repayment plan represents about 12,000 euros pe  Read Full Story
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DoD pushing for domestic military control News Link  •  Military
DoD pushing for domestic military control
08-11-2009  •  Raw Story 
The National Governors Association sent a letter Friday to the U.S. Department of Defense condemning an effort to usurp domestic control of National Guard and federal forces deployed in the event of a natural disaster or terrorist attack.     Read Full Story
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Reported by: Jim Stachowiak
Current Sea Ice August 2009 News Link  •  Climate Change
Current Sea Ice August 2009
08-11-2009  •  arclein 
From the barren Arctic shore of this village in Canada's far northwest, 1,500 miles (2,414 kilometers) north of Seattle, veteran observer Eddie Gruben has seen the summer ice retreating more each decade as the world has warmed. By this weekend the ice edge lay some 80 miles (128 kilometers) at sea. "Forty years ago, it was 40 miles (64 kilometers) out," said Gruben, 89, patriarch of a local contracting business.  Read Full Story
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Reported by: Robert Klein
Testing week for US bond investors News Link  •  Economy - Economics USA
Testing week for US bond investors
08-11-2009  •  Financial Times  

Some analysts think the Fed should adopt a flexible approach and extend the terms of the Treasury buying programme until the end of the year.

That way, the Fed could buy fewer mortgages and more Treasuries, should yields rise sharply in the coming months.

“It would make sense for the Fed to give themselves room to buy more Treasuries later this year, if that is required,” said George Goncalves, head of fixed income strategy at Cantor Fitzgerald.

  
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Reported by: Ernest Hancock
Freedom21 National Conference Feature Article  •  Events: America
Freedom21 National Conference
Ernest Hancock
   The 10th Annual Freedom21 National Conference begins next Thursday (8/13) in Oklahoma City. This is going to be a groundbreaking event you will not want to miss. You can see the whole line up and register to attend here. 

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