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Date Sent: 2009-08-28
Freedom's Phoenix Global Edition for Friday, August 28, 2009 PM edition |
Frank: House likely pass "Audit The Fed" bill in October! -- Sen. Inhofe: US headed toward revolutio
Bill Would Give president Emergency Control of Internet -- The Real Issue Behind Fed Secrecy: Lying -- Judge's order challenges executive branch secrecy -- TEDDY KENNEDY’S DEADLY LEGACY FOR AMERICA - by Frosty Wooldridge -- FCC Launches Wireless Industry Probe -- DHS Updates Rules on Border Laptop Searches -- The State Versus the Social Contract - by Thomas L. Knapp -- Dutch block 13-year-old sailor's worldwide trip -- US denies troops involved in combat in Philippines -- Investors keep trading stocks that seem doomed --
9-11 Truth gets booted out of a Tea Party -- What Does $1 Trillion Look
Like? -- Kidnapped US girl found alive after 18 years -- Of course it's
not a national ID card -- Taliban's top 2 successors kill each other in
argument -- Hummel: The US Will Default On Its Debt
AZ: Today at 2:30PM Tucson, AZ Vote Fraud Hearing in Court; Arizona Breakfast Club tomorrow on Guns at Obama's Healthcare Event
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News Link • Federal Reserve
Frank House likely to pass Audit Fed bill in October!
08-28-2009
•
BlueLoriBlogSpot
Misinformation Alert: Barney Frank Never Said That HR 1207 Will Pass In October I apologize to my readers I trusted the Washington Times source below. Please Read This from R. Ron Paul! Like I said in my original post it is hard to understand Frank he always talks like his mouth is full of something.
Missing Sentence in Transcript Causes Premature HR 1207 Victory Celebration
Several blogs and forums reported during the past 24 hours that Chairman of the House Financial Services Committee, Barney Frank, said that Ron Paul’s bill to audit theFederal Reserve, HR 1207, will pass in October.
Incorrect Reports about Barney Frank’s Statement on HR 1207
Washington Times: Barney Frank says Ron Paul bill will pass
Politico: Barney: Fed audit bill will pass in October
Business Insider: Barney Frank: Yes, We Will Pass Ron Paul’s “Audit The Fed” Bill
United Liberty: Frank: Vote on HR 1207 in October
Daily Paul: Video: Barney Frank Says House Will Pass HR1207 in October
ZeroHedg
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News Link • Constitution
Inhofe: U.S. headed toward revolution
08-27-2009
•
The Hill
The overreaching of the federal government is pushing the U.S. towards a revolution, Sen. Jim Inhofe (R-Okla.) said today.
"People are not buying these concepts that are completely foreign to America," Inhofe said at a townhall in Chickasaw, Okla. "We're almost reaching a revolution in this country."
Inhofe has been one of the Senate's most strident opponents of climate legislation and healthcare reform.
Inhofe added that he didn't need to read the full helathcare legislation before deciding to vote against it. Public opinion and news reports, he said, provided all the information he needed.
"I don't have to read it, or know what's in it," Inhofe said. "I'm going to oppose it anyways."
Most of the versions of healthcare legislation making their away through congress are about 1,000 pages long.
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News Link • Federal Reserve
The Real Issue Behind Fed Secrecy: Lying
08-28-2009
•
The Market Ticker
The Fed is supporting institutionalized lying - that is, the intentional mis-marking of assets. If The Fed was an honest regulator and monitor of market risk it would insist that no bank carry an asset at a value materially higher than its "haircut" off par at the window. After all, the penalty rate for discount window use already discourages banks from coming there; the "haircuts" must (and I argue do) reflect what The Fed actually believes about the quality of these alleged "baskets" of asset classifications.
If The Fed believes that these asset classes have this sort of haircut from face value in the market how does it justify allowing any bank under its jurisdiction holding such "assets" at a higher value on their balance sheet?
The claim that people shouldn't worry about a bank that needs an emergency loan at a penalty rate and with a haircut that in some cases is 30% or more below declared "balance sheet value" is crim
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News Link • Climate Change
Sun's Cycle Alters Earth's Climate
08-28-2009
•
Space.Com
Weather patterns across the globe are partly affected by connections between the 11-year solar cycle of activity, Earth's stratosphere and the tropical Pacific Ocean, a new study finds.
The study could help scientists get an edge on eventually predicting the intensity of certain climate phenomena, such as the Indian monsoon and tropical Pacific rainfall, years in advance.
The sun is the ultimate source of all the energy on Earth; its rays heat the planet and drive the churning motions of its atmosphere.
The amount of energy the sun puts out varies over an 11-year cycle (this cycle also governs the appearance of sunspots on the sun's surface as well as radiation storms that can knock out satellites), but that cycle changes the total amount of energy reaching Earth by only about 0.1 percent. A conundrum for meteorologists was explaining whether and how such a small variation could drive major changes in weather patterns on Earth.
Earth-space connection
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News Link • Federal Reserve
Lefrak: Commercial Real Estate Will Kill 500 Small Banks
08-28-2009
•
The Business Insider
Video at site
Another prediction for how many small and medium-sized banks are bound to fall. It seems everyone has an opinion. The Real Deal passes along this video of Harrison Lefrak predicting 500 bank failures resulting from commercial real estate problems. He predicts that thigns will really start getting bad in 2010 and beyond, as the five-year loans that started up in 2005 go sour. That's more than Dick Bove sees and half of John Kanas. We'll be keeping score.
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News Link • Obama Administration
"We're Going Right Back Into The Tank"
08-28-2009
•
The Business Insider
video
We had Howard Davidowitz on TechTicker yesterday. Don't miss this one...
Heesun Wee, TechTicker: When retail expert and all-around economy watcher Howard Davidowitz appeared on Tech Ticker in February declaring the worst was yet to come for the U.S. economy and that Americans' standard of living has changed permanently, our comment boards lit up.
But surely with the latest rally off the March lows, bearish Davidowitz is more bullish, right? Not a chance. Look at your financial history books.
Two of the biggest rallies of more than 40 percent occurred during the Great Depression, says Davidowitz of Davidowitz & Associates,a retail consulting and investment banking firm. "People were sucked in and ultimately were destroyed," he says. It's a warning to today's investors, who are hoping to extend the rally.
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News Link • Internet
FCC Launches Wireless Industry Probe
08-28-2009
•
PC magazine
The commission approved 3 separate notice of inquiries,
which provide anyone interested in the subject with 30 days to share
their thoughts with the FCC. Based on these responses, the commission
will decide whether it needs to impose any new rules on the wireless
industry.
The Federal Communications Commission kicked off a far-reaching examination of the wireless
industry Thursday, asking stakeholders to submit comments on innovation
and investment, the state of competition, and whether or not consumers
get enough information from providers to make informed decisions about
service.
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Reported by:
Powell Gammill
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News Link • Political Theory
Thoughts on Nonviolence
08-28-2009
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voluntaryist.com / Karl Meyer
[Nonviolence] is a way of life based on these human beliefs: Human
conflicts can be resolved without violence or force; organized social aggression
can be faced and turned back effectively without war and without killing anybody;
most crime problems can be addressed more effectively without the use of violent
methods or punishment or restraint; people well-educated in the use of nonviolent
methods will almost always be more effective in human relations than those who
use physical threats and weapons.
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Reported by:
Brock Lorber
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News Link • Military
US denies troops involved in combat in Philippines
08-28-2009
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AP
U.S. officials denied
American troops were violating Philippine laws by engaging in combat
against Muslim militants, saying they were only training Filipino
soldiers and their mission was temporary.
Allegations
that U.S. troops in the southern Philippines are building permanent
structures and joining the fight against al-Qaida-linked Abu Sayyaf
militants have roiled nationalist and left-wing forces opposed to the
American presence.
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Reported by:
Powell Gammill
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News Link • Defending Archimedes
Dutch delay 13-year-old sailor's worldwide trip
08-28-2009
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AP
A Dutch court ordered authorities to take temporary guardianship
of a 13-year-old girl, delaying her plan to sail solo around
the world until psychologists can assess her capacity to undertake such
a risky voyage.
Judges said Laura Dekker would
face both mental and physical risks if she were allowed to go ahead
with the two-year trip in her 26-foot (8-meter) boat named Guppy.
The court said she could continue living with her father, but would become the responsibility of Dutch child care officials for two months while an independent child psychologist evaluated her case.
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Powell Gammill
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News Link • Economy - Economics USA
Investors keep trading stocks that seem doomed
08-28-2009
•
AP
Investors
are still trading common shares of Fannie Mae, Freddie Mac and American
International Group Inc. by the billions, even though analysts say
their prices are almost certain to go to zero.
All three are majority-owned by the government and are losing
huge sums of money. The Securities and Exchange Commission and other
regulators lack authority to end trading of stocks in such “zombie”
companies that technically are alive - until the government takes them
off life support.
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Reported by:
Powell Gammill
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News Link • 911 / World Trade Center
GLENN BECK SAYS 911 TRUTHERS ARE DESTROYING AMERICA - Must see video
08-28-2009
•
Freedom Fighter Radio
There
should be absolutely no doubt Glenn Beck is a government disinfo
operative tasked with taking down the 9/11 truth and patriot movements.
In fact, Fox News " as a primary
front of Operation Mockingbird " is tasked with attacking not only the
9/11 truth movement but the pro-liberty and Constitution movements as
well.
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Reported by:
Jim Stachowiak
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News Link • Police State
Pastor Steve Anderson speaks out tonight On the Police State on Freedom Fighter Radio 9 pm est
08-28-2009
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Freedom Fighter Radio.net
Hear
Pastor Steve Anderson who was beaten and tased by the U.S. Border
Patrol live tonight. Steve will share what happened and how his rights
were violated by the U.S. Govt. along with updates on the continued
attacks against him by the US Government.
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Reported by:
Jim Stachowiak
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News Link • Free Speech
Houstontruth org gets kicked out of July 3rd Houston Tea Party Rally so much for free speech- Video
08-28-2009
•
TrinityTexas77
They were punched and verbally attacked. Not once did they get violent or verbally attack anyone else.
It’s sad that a rally that is for the Bill of Rights, Free Speech, and
the Constitution would censor the things they claim to stand for
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Jim Stachowiak
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Feature Article • Economy - Economics USA
What Does $1 Trillion Look Like?
Thomas Costanzo
Throughout the financial crisis, huge sums of money have been spent,
handed out and lost. With talk of billions upon billions being passed
around, it’s easy to lose perspective on how much $1 trillion or even
$1 billion really is. With official measurements of American
currency from the US Bureau of Printing and Engraving and the US Mint,
here’s some perspective on what these huge sums of money would actually
look like and how they would compare to every day objects.
What would the money allocated to the TARP actually look like? How high would the AIG bonuses pile up if the bills were stacked one on top of another? How big, literally, is the National Debt?
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News Link • Weird/Offbeat News
Missing US girl is found after 18 years
08-27-2009
•
Guy Adams in Los Angeles
Couple arrested after woman walks into sheriff's office to identify herself.
A woman who was kidnapped more than 18 years ago was today being re-united
with her family, after escaping from a couple who apparently forced her to
spend a large portion of her adolescence locked in their garden shed.
Jaycee Lee Duggard, a blonde-haired, blue-eyed girl of 11 when she was
abducted, in broad daylight, while waiting for a school bus, surfaced on
Wednesday after wandering into a parole office in a town near San Francisco.
In a case that bears chilling echoes to that of Joseph Fritzl - the Austrian
electrician who kept his daughter in a cellar - police believe Ms Duggard
was locked away in a darkened building for several years, and repeatedly
raped by her captors.
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Reported by:
Thomas Costanzo
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News Link • Homeland Security
Of course it’s not a national ID card
08-27-2009
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Papers Please
Whenever questions are raised about national ID schemes like REAL-ID or PASS-ID,
their more public-relations savvy proponents are always quick to say,
“But of course this isn’t a national ID card”. The same goes for L-1 Identity Solutions, the prime drivers license, ID card, and ID and biometric database contractor, aggregator, and data miner for California and the majority of other states (and keynote presenter at ICAO’s upcoming Symposium on Machine Readable Travel Dcouments next month in Montreal).
So we were interested to see how L-1 describes its products to its
customers in this full-page ad on the back cover of the latest issue of
ICAO’s Machine Readable Travel Document Report:
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Reported by:
Terry Bressi
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News Link • Government
Hummel: The US Will Default On Its Debt
08-27-2009
•
The Business Insider
The flood of debt that the US is taking on in its efforts rescue to economy will combine with huge social insurance obligations--Medicare, MedicaidSocial Security--to create an unsustainable level of public indebtedness, economist Jeffrey Rogers Hummel argues in at length here.
Faced with this mountain of debt, policy makers will have just two choices: repudiate the debt or engage in hyper inflation to monetize it, Hummel writes. And faced with that choice the Treasury will likely protect the currency and default on Treasuries.
Here's the scary conclusion:
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