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Government Corruption News Articles
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Below are key excerpts of revealing news articles on government corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.


Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


Philippines Recovers $29M From Marcos Accounts
2014-02-14, ABC News/Associated Press
http://abcnews.go.com/International/wireStory/philippines-recovers-29m-marcos...

The Philippine government has recovered more than $29 million from the Swiss accounts of late dictator Ferdinand Marcos and is still searching for more of his hidden wealth 28 years after he was toppled. The money, recovered over the last week, is part of the more than $712 million from Marcos' secret Swiss accounts now in government hands. The government won ownership of the funds after several years of litigation in Singapore courts over claims by victims of human rights violations under Marcos' rule and private foundations representing the Marcoses. Authorities have already recovered more than $4 billion from an estimated $5 billion to $10 billion amassed by the Marcoses during the dictator's 20-year rule. The Supreme Court ruled in 2003 that the Marcoses wealth in excess of their total legal income of around $304,000 from 1965 to 1986 was presumed to be ill-gotten. Marcos died in exile in Hawaii in 1989 without admitting any wrongdoing during his presidency. Imelda Marcos is a member of the House of Representatives. Her eldest child, daughter Imee, is governor of their northern home province of Ilocos Norte, while her son, Ferdinand Jr., is a senator. Her other daughter, Irene, has kept away from politics.

Note: This article fails to mention that Marcos was considered a strong ally and propped up by the US, which supported his strong-arm rule with financial support. For more on government corruption, see the deeply revealing reports from reliable major media sources available here.


9/11 Fraud Scandal 'Probably' More Widespread, Top Official Says
2014-01-16, ABC News
http://abcnews.go.com/Blotter/911-fraud-scandal-widespread-top-official/story...

Lawmakers pressed Social Security Administration officials ... over a massive fraud scandal involving New York City cops and firefighters who allegedly bilked the government out of millions by falsely claiming disability from working at Ground Zero after 9/11. Rep. Sam Johnson (R-Texas), chairman of the House's Ways and Means subcommittee that oversees the agency ... convened the hearing following the stunning arrests last week of more than 100 in New York from vaunted public safety agencies known in the city as the "Finest" and the "Bravest," who stand accused of filing phony disability claims. Many allegedly faked mental disabilities they claimed were as a result of the [attacks] that reduced the World Trade Center into a smoldering wasteland of rubble. Johnson demanded accountability from the acting chief of the Social Security Administration, Carolyn Colvin and agency Inspector General Patrick O'Carroll. Workers labored for months to retrieve remains of hundreds who perished in the twin towers on 9/11 and were sickened by toxic air that the feds had said was safe to breathe without respirator masks. The alleged New York scam was lucrative for the perpetrators and is estimated to have cost the Social security pension fund at least $22 million so far, with more arrests to come, according to testimony from Edward Ryan, New York SSA IG Special Agent in Charge. "When we executed search warrants we found large amounts of cash in safes……and gold bars" Ryan testified.

Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.


Edward Snowden a 'hero' for NSA disclosures, Wikipedia founder says
2013-11-25, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/world/2013/nov/25/edward-snowden-nsa-wikipedia-fou...

Jimmy Wales, the founder of Wikipedia, has called on Barack Obama to rein in the National Security Agency as he described the whistleblower Edward Snowden as "a hero" whom history will judge "very favourably". Wales called for a "major re-evaluation" of the NSA, adding that the public "would have never approved this sweeping surveillance program" had it been put to a vote. The revelations, Wales said, had been "incredibly damaging and embarrassing to the US. It makes it very difficult for someone like me to go out, as I do, [to] speak to people in authoritarian countries, and say: 'You shouldn’t be spying on activists, you shouldn’t be censoring the internet', when we [in the US] are complicit in these acts of extraordinary intrusion into people’s personal lives. [Snowden] has exposed what I believe to be criminal wrongdoing, lying to Congress, and certainly [an] affront to the Fourth Amendment. I think that history will judge him very favourably. There is a growing sense of concern in Congress about this, a growing sense in Congress that public is angry about this, that they have been misled and I think we are going to see legislation to change this."

Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.


Elizabeth Warren: The contender
2013-11-21, Boston Globe
http://www.bostonglobe.com/opinion/2013/11/21/elizabeth-warren-the-contender/...

Senator Elizabeth Warren, the champion of Main Street versus Wall Street, just got another boost to the presidential campaign she said she isn’t running. It lies in the $13 billion deal that JP Morgan Chase reached with the US Justice Department. The settlement, which ends the government’s probe into the bank’s risky mortgage business, reportedly represents the largest amount a single company has ever committed to pay Uncle Sam. That’s significant — but so is the bank’s unusual admission that it failed to disclose the risks of buying its mortgage securities. Warren was a force in both aspects of JP Morgan’s day of reckoning. After the economic collapse of 2008 — and before her election as senator — Warren led the charge for Wall Street accountability while overseeing the government response to the banking crisis. As senator from Massachusetts, she ... isn’t shy about acknowledging her role in achieving them. In September, Warren [said] that her lobbying of Mary Jo White, the newly installed chairwoman of the Securities and Exchange Commission, played a key role in getting government regulators to require more companies to admit wrongdoing, not just pay fines — which is what happened in JP Morgan’s case. The JP Morgan headlines play out as the stock market surges and unemployment ticks up. The gap between America’s rich and poor is growing bigger. The divide creates an opening for a Democrat who speaks to the shrinking middle class, as well as to those already squeezed out of it. Warren could be that candidate, if she chooses.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.


Neuro-enhancement in the military: far-fetched or an inevitable future?
2013-10-07, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/science/head-quarters/2013/oct/07/neuroscience-psy...

Brain stimulation research has moved far and fast. Different forms of neurostimulation in humans have now been shown to boost our ability to learn and perform motor actions, to pay attention to events in the environment, to recall information in memory, and to exercise self-control. [Brain stimulation] techniques and their applications hold great promise for understanding the machinery of human mental processes, with hope for treating patients suffering from brain injury and disease. Except that ... anything that can boost or rehabilitate human abilities could also be exploited for military or security purposes, as well as by questionable private enterprises. Predictably, some of the major innovations in brain stimulation research are being funded by the US military. What army wouldn't take advantage of a method that could make soldiers more alert, faster to react, faster to learn, less likely to binge-drink off duty, and more compliant with authority? What intelligence agency wouldn't embrace a technology that could help their operatives become better liars, or which limits the ability of prisoners to lie under interrogation? Applications like these, in turn, raise ethical questions. Would a soldier be able to refuse brain stimulation, and if not, wouldn't that violate the principle of consent underlying 'medical' interventions? Going deeper we might ask whether it is ethical for neuroscientists and psychologists to collaborate with organisations whose ultimate research objective is to develop more efficient ways of killing people.

Note: For more on mind control, see the deeply revealing reports from reliable major media sources available here.


Media groups cite First Amendment in BLM horse fight
2013-09-17, Salt Lake Tribune/Associated Press
http://www.sltrib.com/sltrib/world/56883666-68/blm-access-horse-media.html.csp

The Reporters Committee on Freedom of the Press says the U.S. Bureau of Land Management is using safety concerns as an excuse to limit media access to wild horse roundups across the West in violation of the First Amendment. The National Press Photographers Association and more than a dozen newspaper companies joined the committee in a friend-of-the-court brief filed in the 9th Circuit U.S. Court of Appeals late Monday to back an advocacy group waging a series of legal battles over mustang roundups in Nevada. Horseback Magazine photographer Laura Leigh and others "have a right to see what happens" during the roundups, the media groups said, urging the court to be "highly skeptical of assertions by the BLM that restrictions placed on media access were done for administrative convenience and/or to satisfy safety concerns." The 9th Circuit sent the case brought by Leigh’s advocacy group, Wild Horse Education, back to U.S. Judge Larry Hicks in Reno last year to determine if the BLM limits are constitutional. Hicks ruled in 2011 that a balancing of the interests of the agency and public access to a roundup in Nevada didn’t warrant granting an injunction to block the gathers. But a three-judge panel of the appellate court ruled he failed to determine whether those restrictions violated First Amendment protections. "When the government announces it is excluding the press for reasons such as administrative convenience, preservation of evidence, or protection of reporters’ safety, its real motive may be to prevent the gathering of information about government abuses or incompetence," Appellate Judge Milan Smith Jr. wrote in the 18-page opinion in February 2012.

Note: For more on the disturbing decision to round up the few remaining wild horses, click here.


Guardian teams up with New York Times over Snowden documents
2013-08-23, MSN/Reuters
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130823&id=168...

The Guardian has agreed with the New York Times to give the U.S. newspaper access to some classified documents leaked by former National Security Agency contractor Edward Snowden, both papers said on [August 23]. In a brief story posted on its website, the Guardian said it "struck a partnership" with the Times after the British government threatened the Guardian with legal action unless it either surrendered or destroyed files it received from Snowden about Government Communications Headquarters - Britain's equivalent of NSA. The Times' executive editor, Jill Abramson, confirmed the collaboration. A source familiar with the matter said the partnership deal had been struck several weeks ago and that Abramson was personally involved in negotiating it. The Guardian said in its story that its partnership with the Times would enable it to "continue exposing mass surveillance by putting the Snowden documents on GCHQ beyond government reach." The Times and the Guardian previously collaborated on stories related to alleged phone hacking by British tabloid newspapers and on coverage of secret U.S. military and diplomatic documents made available by U.S. Army soldier Bradley Manning to the WikiLeaks website.

Note: For more on the NSA spying scandal, see the deeply revealing reports from reliable major media sources available here.


Supreme Court says police may take DNA samples from arrestees
2013-06-03, Washington Post
http://articles.washingtonpost.com/2013-06-03/politics/39704073_1_dna-samples...

A divided Supreme Court ruled [on June 3] that police may take DNA samples when booking those arrested for serious crimes, narrowly upholding a Maryland law and opening the door to more widespread collection of DNA by law enforcement. The court ruled 5 to 4 that government has a legitimate interest in collecting DNA from arrestees ... to establish the identity of the person in custody. Conservative Justice Antonin Scalia ... amplified his displeasure by reading a summary of his dissent from the bench. “The court has cast aside a bedrock rule of our Fourth Amendment law: that the government may not search its citizens for evidence of crime unless there is a reasonable cause to believe that such evidence will be found,” Scalia said from the bench. He added, “Make no mistake about it: As an entirely predictable consequence of today’s decision, your DNA can be taken and entered into a national DNA database if you are ever arrested, rightly or wrongly, and for whatever reason.” Steven R. Shapiro, legal director of the American Civil Liberties Union said the decision “creates a gaping new exception to the Fourth Amendment” and violates a long-established understanding that “police cannot search for evidence of a crime ... without individualized suspicion.”

Note: For deeply revealing reports from reliable major media sources on government assaults on privacy, click here.


Despair Drives Guantánamo Detainees to Revolt
2013-04-25, New York Times
http://www.nytimes.com/2013/04/25/us/guantanamo-prison-revolt-driven-by-inmat...

A hunger strike is now in its third month [at Guantánamo prison], with 93 prisoners considered to be participating — more than half the inmates. Both military officials and lawyers for the detainees agree about the underlying cause of the turmoil: a growing sense among many prisoners, some of whom have been held without trial for more than 11 years, that they will never go home. While President Obama made closing the prison a top priority when he entered the White House, he put that effort on the back burner in the face of Congressional opposition to his plan to move the detainees to a Supermax facility inside the United States. The prisoners “had great optimism that Guantánamo would be closed,” Gen. John F. Kelly, who oversees the prison as head of the United States Southern Command, recently told Congress. “They were devastated when the president backed off ... of closing the facility.” That disappointment was heightened by Mr. Obama’s decision in January 2011 to sign legislation to restrict the transfers of prisoners. More than half the inmates were designated three years ago for transfer to another country if security conditions could be met, but the transfers dried up. “President Obama has publicly and privately abandoned his promise to close Guantánamo,” said Carlos Warner, a lawyer who represents one of 17 hunger strikers being kept alive by force-feeding through nasal tubes. “His tragic political decision has caused the men to lose all hope. Thus, many innocent men have chosen death over a life of unjust indefinite detention.”

Note: For deeply revealing reports from reliable major media sources on civil liberties, click here.


The Billionaire Brothers Behind America's Predator Drones -- And Their Very Strange Past
2013-04-24, AlterNet
http://www.alternet.org/investigations/billionaire-brothers-behind-americas-p...

Gray Butte, CA: The General Atomics drone base, way out in the wastelands of the Mojave Desert ... today ranks as possibly the largest private drone base in the United States. General Atomics took the base over in 2001 and converted it into a testing and quality control facility for its drone fleet. This is where the company tests experimental drone technology--like the newfangled stealth bomber jet drone. But mostly the base is where General Atomics techs assemble and test their Predator and Reaper drones before breaking them down again and shipping them to eager customers in the Air Force, Border Patrol, National Guard and the CIA. The Guardian estimated that U.S. armed forces had about 250 General Atomics drones in 2012. And a good number of them first came through Grey Butte. [The] brothers who make them: Linden Stanley and James Neal Blue, the mysterious Blue brothers who own and run General Atomics. General Atomics does not disclose its financial information, but stats gleaned from public data show that they took in just under $5 billion from U.S. taxpayers from 2000 to 2009. Current annual revenue is estimated to between $600 million and $1 billion, with about 80 percent coming from government defense contracts. Today, General Atomics dominates 25% of the UAV market--a market that will only keep getting bigger and bigger.

Note: For lots more excellent background to the Blue brothers and their predator-producing company, read the NY Times article at this link.


New film looks at ‘War on Whistleblowers’
2013-04-23, Washington Post
http://www.washingtonpost.com/politics/federal_government/new-film-looks-at-w...

The Obama administration’s approach to federal whistleblowers has been likened to “Dr. Jekyll and Mr. Hyde.” “There’s a schizophrenia within the administration,” said Tom Devine, legal director of the nonprofit Government Accountability Project. “Until recently, there was a virtual free-speech advocacy for whistleblower job rights that’s unprecedented. At the same time,” Devine added, “[Obama] has willingly allowed the Justice Department to prosecute whistleblowers on tenuous grounds.” That last point — the Mr. Hyde side — is the focus of the new film “War on Whistleblowers: Free Press and the National Security State.” The stories about the government’s aggressive moves against federal employees who worked to uphold the finest traditions of public service are chilling and deserve the notice and outrage the film hopes to generate. Franz Gayl’s is the first case presented. The Defense Department civilian employee was punished for his efforts to save the lives of U.S. troops at war. He was stripped of his security clearance, the lifeline for national security workers, and suspended. “They were using all these personnel actions against me,” he said. “I’m the substandard employee, bottom 3 percent, unreliable, untrustworthy, et cetera. After investigations and after all these personnel actions and reprisals, I was placed on administrative leave." The film makes you wonder how many more trampled, and largely unknown, federal whistleblowers like Gayl are out there.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


'Absurd' drug laws 'hinder research' - Prof David Nutt
2013-04-06, BBC News
http://www.bbc.com/news/health-22042994

'Absurd' laws dealing with magic mushrooms, ecstasy and cannabis are hindering medical research, according to a former government drugs adviser. Prof David Nutt says he has funding to research the use of the chemical psilocybin - found in fungi known as "magic mushrooms" to treat depression. But he says "insane" regulations mean he cannot get hold of the drug. The Home Office said there was "no evidence" that regulations were a barrier to research. It is not the first time Prof Nutt has been at odds with government policy. He was sacked as an adviser over views that ecstasy and LSD were less harmful than alcohol. Earlier research at Imperial College London showed that injections of psilocybin could calm a region of the brain which is overactive in depression. The UK's Medical Research Council has given the lab a Ł550,000 grant to test the idea - in 30 patients who have not responded to at least two other therapies. They have also been given ethical approval. However, there are more stringent regulations for testing the drug as a treatment than in earlier experiments. As a potential medicine it must meet Good Manufacturing Practice requirements set out by the EU. "It hasn't started yet because the big problem is getting hold of the drug," said Prof Nutt. He said finding a company to provide a clinical-grade psilocybin had "yet proved impossible" as none was prepared to "go through the regulatory hoops". He told the BBC: "We have regulations which are 50 years old, have never been reviewed and they are holding us back, they're stopping us doing the science and I think it's a disgrace actually."

Note: Watch an informative three-minute BBC news clip of an interview with Prof. Nutt. Another good five-minute BBC interview is available here. For more on this, see concise summaries of deeply revealing news articles on mind-altering drugs from reliable major media sources. See also the website of MAPS, and excellent organization supporting scientific study of the healing powers of these drugs.


Banks score major win in private Libor suits
2013-03-29, Chicago Tribune/Reuters
http://articles.chicagotribune.com/2013-03-29/business/sns-rt-us-libor-lawsui...

The world's biggest banks won a major victory on [March 29] when a U.S. judge dismissed a "substantial portion" of the claims in private lawsuits accusing them of rigging global benchmark interest rates. The 16 banks had faced claims totaling billions of dollars in the case. The banks include: Bank of America, Citigroup, Credit Suisse, Deutsche Bank, HSBC Holdings, JPMorgan Chase, [and others]. They had been accused by a diverse body of private plaintiffs, ranging from bondholders to the city of Baltimore, of conspiring to manipulate the London Interbank Offered Rate (Libor), a key benchmark at the heart of more than $550 trillion in financial products. In a significant setback for the plaintiffs, U.S. District Judge Naomi Reice Buchwald in Manhattan granted the banks' motion to dismiss federal antitrust claims and partially dismissed the plaintiffs' claims of commodities manipulation. She also dismissed racketeering and state-law claims. Buchwald did allow a portion of the lawsuit to continue that claims the banks' alleged manipulation of Libor harmed traders who bet on interest rates. Small movements in those rates can mean sizable gains or losses for those gambling on which way the rates move. Buchwald's decision may make it more likely that banks will talk settlement with a significant win in their pocket. The decision also could cast doubt on some of the highest analyst projections about potential Libor damages, and quell some concerns that the banks have not reserved enough for litigation expenses.

Note: For deeply revealing reports from reliable major media sources on criminal operations of the financial industry, click here.


Federal court rejects CIA's denial of drone strikes as 'fiction'
2013-03-15, Los Angeles Times
http://www.latimes.com/news/politics/la-pn-court-cia-drone-20130315,0,1257923...

A federal appeals court said [on March 15] that it will no longer accept the “fiction” from the Obama administration’s lawyers that the CIA has no interest in or documents that describe drone strikes. “It is neither logical nor plausible for the CIA to maintain that it would reveal anything not already in the public domain to say the Agency at least has an intelligence interest in such strikes,” said Chief Judge Merrick Garland. “The defendant is, after all, the Central Intelligence Agency.” The decision gave a partial victory to the American Civil Liberties Union in a Freedom of Information Act lawsuit that seeks documents on the government’s still-secret policy on drone strikes. The three judges ... rejected the administration’s position that it could simply refuse to “confirm or deny” that it had any such documents. A federal judge had rejected the ACLU’s suit entirely, but the three-judge appeals court revived the suit. The agency’s non-response does not pass the “straight face” test, Garland concluded. He cited public statements from President Obama, new CIA Director John Brennan and former Defense Secretary Leon Panetta that discussed the use of drone strikes abroad. “In this case, the CIA has asked the courts ... to give their imprimatur to a fiction of deniability that no reasonable person would regard as plausible,” Garland wrote in ACLU vs. CIA. ACLU attorney Jameel Jaffer called the decision a victory. “It requires the government to retire the absurd claim that the CIA’s interest in targeted killing is a secret,” he said. “It also means that the CIA will have to explain what records it is withholding and on what grounds it is withholding them."

Note: For deeply revealing reports from reliable major media sources on the lies required to sustain the illegal US/UK wars of aggression in the Middle East, Asia and Africa, click here.


Unrepresentative democracy
2013-03-07, San Francisco Chronicle (SF's leading newspaper)
http://www.sfgate.com/opinion/article/Unrepresentative-democracy-4337889.php

Why are ideas widely supported in most of the country so often portrayed as controversial, polarizing and divisive once they are taken up by legislatures? Why does the professional political class seem like a wholly separate society that does not understand the constituents it is supposed to be representing? These are the questions at the root of America's political dysfunction - and a new study marshaling reams of data finally provides some concrete answers. Conducted by graduate students David Broockman at UC Berkeley and Christopher Skovron at the University of Michigan, the survey of nearly 2,000 legislators from across America documents politicians' perceptions of their constituents' views on hot-button issues like universal health care and same-sex marriage. It then compares them with constituents' views. The juxtaposition reveals a jarring truth: Both Republican and Democratic lawmakers hugely overestimate the conservatism of the very people they are supposed to represent. In all, the report finds that "conservative politicians systematically believe their constituents are more conservative than they actually are by over 20 percentage points, while liberal politicians also typically overestimate their constituents' conservatism by several percentage points." Ultimately, that has resulted in a political system inherently hostile to mainstream proposals and utterly unrepresentative of public opinion. Ensconced in a bubble of conservative-minded corporate lobbyists and mega-donors, they come to wrongly assume that what passes for a mainstream position in that bubble somehow represents consensus in the larger world.


I did it to make the world a better place: Manning
2013-03-01, Sydney Morning Herald/New York Times
http://www.smh.com.au/world/i-did-it-to-make-the-world-a-better-place-manning...

Bradley Manning has confessed in open court to providing vast archives of military and diplomatic files to the antisecrecy group WikiLeaks, saying he wanted the information to become public "to make the world a better place". Appearing before a military judge for more than an hour on [Feb. 28], Private Manning read a statement recounting how he joined the military, became an intelligence analyst in Iraq, decided that certain documents should become known to the American public to prompt a wider debate about the Iraq War, and ultimately uploaded them to WikiLeaks. Before reading the statement, he pleaded guilty to 10 criminal counts in connection with the leak, which included videos of airstrikes in Iraq and Afghanistan in which civilians were killed, logs of military incident reports, assessment files of detainees held at Guantanamo Bay, Cuba, and 250,000 diplomatic cables. The guilty pleas exposed him to up to 20 years in prison. But the case against the slightly built, bespectacled 25-year-old – who has become a folk hero among antiwar and whistleblower advocacy groups – is not over. In a riveting personal history, Private Manning portrayed himself as thinking carefully about the categories of information he was divulging, excluding the sort that would harm the United States. He said he was initially concerned about diplomatic cables in particular, but after doing research learned that the most sensitive ones were not placed into the database to which he had access, and he concluded that those might prove "embarrassing" but would not cause harm.

Note: For deeply revealing reports from reliable major media sources on crimes committed in wars of aggression, click here.


Court case draws Monsanto protesters to White House
2013-01-10, St. Louis Post-Dispatch
http://www.stltoday.com/news/local/govt-and-politics/political-fix/court-case...

An appeal by organic farmers [of] a court ruling last year turned into a wide-ranging protest this morning with speakers skewering Monsanto Co. for its policies and demanding labeling of genetically modified food. About 200 people, many from organic seed companies, rallied in a park directly across from the White House. The protest suggested an uptick in efforts to demand labeling, which was defeated in a California ballot initiative in November. Monsanto spent at least $8 million in an industry-wide effort to sink the California proposition. Organic farmers, who are pressing a lawsuit against Monsanto, often complain that their products are threatened by wind-blown pollen from genetically altered crops. "We want and demand the right of clean seed not contaminated by a massive biotech company that's in it for the profit," Carol Koury, who operates Sow True Seeds in Asheville, N.C., said at the rally. The gathering was held in conjunction with an appeal heard today before a three-judge U.S. Court of Appeals panel in Washington. The suit questions the legality of Monsanto's seed patents and seeks protection from patent-infringement suits against farmers in the event their fields are found to contain genetically modified seed. Last February, U.S. District Judge Naomi Buchwald in the Southern District of New York dismissed the suit.

Note: For deeply revealing reports from reliable major media sources on the risks from genetically modified organisms, click here.


Why We Must Go Off the Platinum Coin Cliff
2013-01-03, Bloomberg
http://www.bloomberg.com/news/2013-01-03/why-we-must-go-off-the-platinum-coin...

President Barack Obama should avert a debt-limit crisis by issuing large-denomination platinum coins, as permitted by 31 USC § 5112 [k]. In case you're not familiar with this idea: In general, the Treasury Department is not allowed to just print money if it feels like it. It must defer to the Federal Reserve's control of the money supply. But there is an exception: Platinum coins may be struck with whatever specifications the Treasury secretary sees fit, including denomination. This law was intended to allow the production of commemorative coins for collectors. But it can also be used to create large-denomination coins that Treasury can deposit with the Fed to finance payment of the government's bills, in lieu of issuing debt. What the law should say is that the executive branch may borrow to pay whatever obligations the federal government has, but may not print. Unfortunately, when we hit the debt ceiling, the situation will be backwards: The administration will not be allowed to borrow, but it can print in unlimited quantities. Monetizing deficits through direct presidential control of the currency, in lieu of borrowing, is ... no way to run a country. It's silly, and it's perfectly legal.

Note: For more on this crazy idea and the power of government to do whatever it wants in printing money, click here.


Whistleblower Frank Serpico is never too far from his NYPD past
2012-12-22, New York Daily News
http://www.nydailynews.com/new-york/quit-famed-nypd-whisteblower-frank-serpic...

If you’re searching for the Frank Serpico of the ’70s, the whistle-blowing hippie cop of cinematic renown, pay a visit to Netflix. The real thing is now 76, his famous beard close-cropped and gray. Wiry and fit, Serpico sports tinted glasses and a Keith Richards-style skull ring with ruby red eyes. He lives alone in the woods upstate, far from his Greenwich Village haunts of yore. But despite the distance and the decades, Serpico is never too far away from his NYPD past. The long-retired cop speaks just weeks after the death of his Knapp Commission cohort David Durk, the ex-detective who helped expose the NYPD’s massive corruption. For the record: Serpico never received a gold first-grade detective’s shield. His NYPD Medal of Honor was handed to him without ceremony, like a pack of cigarettes. And he still wants to know why fellow cops never called in a code 10-13 — officer down — after he took a bullet in the face on Feb. 3, 1971. As for the movie, the man who broke through the Blue Wall of Silence is succinct: “Pacino played Serpico better than I did.” Serpico, left with a bullet in the head and a deaf ear from the on-duty shooting, still collects a regular NYPD disability check. And he still maintains skepticism toward the department.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.


Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury
2012-10-25, MarketWatch/Wall Street Journal
http://www.marketwatch.com/story/major-banks-governmental-officials-and-their...

Spire Law Group's national home owners' lawsuit [is] the largest money laundering and racketeering lawsuit in United States history, identifying $43 trillion of laundered money. [In] the federal lawsuit now [pending] in the United States District Court in Brooklyn, New York ... plaintiffs now establish the location of the $43 trillion of laundered money in a racketeering enterprise. [The] mass tort action [seeks] to halt all foreclosures nationwide pending the return of the $43 trillion, an audit of the Fed and audits of all the "bailout programs." The epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very "Banksters" located there who have repeatedly asked in the past to be "bailed out" and to be "bailed out" in the future. The Havens for the money laundering schemes ... are located in such venues as Switzerland, the Isle of Man, Luxembourg, Malaysia, Cypress and [other entities] identified in both the United Nations and the U.S. Senate's recent reports on international money laundering. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole trillions of dollars of home owners' and taxpayers' money during the last decade and then laundered it through offshore companies.

Note: CNBC also reported this astonishing news. Yet within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances. Could this have been a strong warning? For more in this, click here. For deeply revealing reports from reliable major media sources on financial corruption, click here.


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