“A new biography of Barack Obama has established that his grandfather was not, as is related in the President’s own memoir, detained by the British in Kenya and found that claims that he was tortured were a fabrication.
‘Barack Obama: The Story’ by David Maraniss catalogues dozens of instances in which Obama deviated significantly from the truth in his book ‘Dreams from My Father: A Story of Race and Inheritance’. The 641-page book punctures the carefully-crafted narrative of Obama’s life.
One of the enduring myths of Obama’s ancestry is that his paternal grandfather Hussein Onyango Obama, who served as a cook in the British Army, was imprisoned in 1949 by the British for helping the anti-colonial Mau Mau rebels and held for several months.”
Via Daily Mail
“Back on Apr. 11 at a town hall event in Florida, West was asked how many members of the “American legislature do you think are card-carrying Marxists or internationalists –? And West said, “I believe there’s about 78 to 81 members of the Democratic Party that are members of the Communist Party — it’s called the Congressional Progressive Caucus.”
West was criticized by numerous Democrats, including former President Bill Clinton, for that remark. Then on Washington Journal on June 18, a caller asked Rep. West: “I want to thank you for your service but I’m kind of disappointed because I heard you, a few months ago, call some of your members the House of Representatives communists, and I was wondering if you could identify a few of those?”
Rep. West said: “Well, it’s not about me trying to identify any individuals. I’m talking about principles of governance and philosophy. If you understand, when you say ‘progressives,’ that is directly related back to the term or the label ‘communist’ at the turn of the century – that was a change in marketing, if you want to call it that.””
Via CNS News
“”Quantitative Easing” … “Operation Twist” … “Discount Window” … The mavens at the Fed have so much jargon at their disposal.
Not anymore. This is really simple to understand – see above.
Fed board members gave trillions to their own banks so the would survive the crisis of 2008.
They gave their own banks money. They put their own banks first. This is not hard to grasp.
It’s cronyism. It’s an abuse of power. It’s criminal.
The Fed bankers can argue that they are SUPPOSED to hand out gobs of money. That’s its public mandate.
But if they argue this way, they’ll only remind the public of what they’ve done.
If they shut up about it, they’ll look guilty as hell. As well they should.
Talk about a no-win situation.
The bankers will try to obfuscate using incomprehensible terminology. But it won’t work.
Before the arrival of the Internet, the double-talk had a big impact. Nobody who was normal could understand quite what the Fed did (or central banks in general).”
Via Alt Market
“Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going to be saved it would have happened by now. The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride the coming chaos out. Over the next few months the slow motion train wreck currently unfolding in Europe will continue to play out and things will likely really start really heating up in the fall once summer vacations are over. Most Americans greatly underestimate how much Europe can affect the global economy. Europe actually has a larger population than the United States does. Europe also has a significantly larger economy and a much larger banking system. The world is more interconnected today than ever before, and a collapse of the financial system in Europe will cause a massive global recession. Once the global economy slides into another major recession, it is going to take years to recover. The pain is going to be immense. Yes, that is going to include the United States. Sadly, we never recovered from the last recession, and it is frightening to think about how much farther this next recession is going to knock us down.”
“The Cato Institute released a study entitled, The Independent Payment Advisory Board: PPACA’s Anti-Constitutional and Authoritarian Super-Legislature, authored by Diane Cohen and Michael Cannon, which states that once the “unelected government officials on this board submit a legislative proposal to Congress, it automatically becomes law.”
The Independent Payment Advisory Board (IPAB) is comprised of “doctors and patient advocates would be nominated by the President and confirmed by the Senate.”
The Patient Protection and Affordable Care Act (PPACA), a.k.a. Obamacare, requires that the Secretary of Health and Human Services (SHHS) implement the proposal. Denying its execution would necessitate the House, Senate and President agree on an alternate plan.
The IPAB’s plan would become law without Congressional approval, oversight, or even be subject to a presidential veto. Once this proposal is submitted, it is law.”
Via Activist Post
“Six Reasons Why Italy May Exit Before Spain
1. Rise of the Five Star Movement
2. 44% of Italians view the euro negatively, only 30% favorably. That is biggest negative spread in the eurozone. In Spain more view the euro positively than negative, albeit by a small 4 percentage point spread.
3. A separate poll shows a mere 50% of Italian would vote to keep the euro if given a chance. That is the lowest percentage in the eurozone.
4. Italy is too big to bail
5. Interest rates have reached a point where Italy will struggle to roll over its debt
6. Eurozone Impossible Politics: The Bundesbank said there should be no banking union until there is a fiscal union. Angela Merkel said that there should be no fiscal union until there is political union. And François Hollande said that there should be no political union until there is a banking union.
Here is the bonus seventh point: Italy has enough gold reserves that it could avoid hyperinflation if it left the euro.”