Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. But the truth is that the institution with the most power over our economic system is the Federal Reserve. So exactly what is the Federal Reserve? Most people would say that it is an agency of the federal government. But that is absolutely not true. In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government. Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. This privately-owned central bank has been destroying the value of the U.S. dollar for decades, it has run our economy into the ground and it has driven the U.S. government to the brink of bankruptcy. The Federal Reserve operates in great secrecy, it has never been subjected to a comprehensive audit and it is not accountable to the American people. Yet the decisions that the Federal Reserve makes have a dramatic impact on the lives of every single American citizen. (Read More....)
Thursday, March 31, 2011
The Economic Collapse Blog
Labels: The Economic Collapse Blog
End of the American Dream
What in the world is happening to America? Perhaps you have asked yourself that question from time to time. Today it seems like everything is falling apart. Our economy is crumbling, our politicians are incompetent, we have just gotten involved in another war, corruption is everywhere and the Americans people are so addicted to entertainment that hardly anything can wake them from their stupor. It is enough to make you think that there is just not much hope for America. But the truth is that we should never give up. It is when the times are darkest that the greatest heroes arise. We truly do live in challenging times, but that just means that there are great victories to be won and great stories to be written. There may be a whole lot of things that are very wrong with America right now, but that doesn't mean that the game is over quite yet. (Read More.....)
Labels: End of the American Dream
On March 31, 2004 an ambush saw Iraqi insurgents in Fallujah attack a convoy containing four United States contractors from the private security company Blackwater USA, who were conducting delivery for food caterers ESS.
The four armed contractors, Scott Helvenston, Jerko Zovko, Wesley Batalona and Mike Teague, were killed, dragged from their cars, beaten, and set ablaze. Their burned corpses were then dragged through the streets before being hanged over a bridge crossing the Euphrates.
Photos of the event were released to news agencies worldwide, causing a great deal of indignation in the United States, and prompting the announcement of a counter-insurgency campaign in the city.
This led to a US operation to occupy the city in the First Battle of Fallujah that was halted at midpoint for political reasons, and a later successful attempt seven months later in the Second Battle of Fallujah.
The families of the victims filed suit (Helvenston et al. v. Blackwater Security) against Blackwater USA for wrongful death in January 2005.
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