Blog

Archive for June 8th, 2009

Independent commission cites significant economic waste in Afghanistan & Iraq

Monday, June 8th, 2009

The independent, Wartime Contracting Commission, is set to release a 111 page report documenting poor management, weak oversight, and a failure to learn from mistakes in Iraq & Afghanistan.  Since 2001, billions of dollars of taxpayer money have been wasted on various projects sponsored by the Department of Defense and private contractors.  Apparently, hundreds of thousands of private contractors are running amok in these war theaters with little to no oversight, accountability, or transparency.

What would you propose as a solution?

Read more here.

Share/Save/Bookmark

Federal Reserve to hire former Enron lobbyist

Monday, June 8th, 2009

America’s elite central bank is hiring a veteran lobbyist to improve its public image.  This should be enough to sound the alarm bells of suspicion.  Can you blame them, though?  The Fed failed to predict the current crisis, devalued the Dollar by over 30% since 2002, inflated the real estate bubble with artificially low rates, and printed trillions of dollars out of thin air to rescue its buddies on Wall St.  Throughout the unfolding crisis, it colluded with the Federal Government, Treasury Department, and several, monolithic Wall St. firms, thus eroding its claim of monetary independence as a “private” bank.

A growing number of politicians, Republican, Democrat, and Independent, are growing wise to this act.  The American people are learning more and more about the Fed’s inflationary monetary policies.  Politicians are demanding more accountability and greater transparency.  The people are reading books about a banking institution they once knew nothing about.

Fed Chairman, Ben Bernanke, broke tradition and appeared on 60 minutes for a public interview.  Now, the Fed’s about to hire a veteran lobbyist, who worked for the scandalized Enron, as well as the Treasury Department under then President Bill Clinton.  Seems like somebody’s just a little bit worried.

Read here.

Share/Save/Bookmark