Government Corruption News Articles

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About six million Americans receiving food stamps report they have no other income, according to an analysis of state data collected by The New York Times. In declarations that states verify and the federal government audits, they described themselves as unemployed and receiving no cash aid – no welfare, no unemployment insurance, and no pensions, child support or disability pay. Their numbers were rising before the recession as tougher welfare laws made it harder for poor people to get cash aid, but they have soared by about 50 percent over the past two years. About one in 50 Americans now lives in a household with a reported income that consists of nothing but a food-stamp card. Members of this straitened group range from displaced strivers ... to weathered men who sleep in shelters and barter cigarettes. Some draw on savings or sporadic under-the-table jobs. Some move in with relatives. Some get noncash help, like subsidized apartments. While some go without cash incomes only briefly before securing jobs or aid, others rely on food stamps alone for many months. The surge in this precarious way of life has been so swift that few policy makers have noticed. But it attests to the growing role of food stamps within the safety net. One in eight Americans now receives food stamps, including one in four children.

Note: For revealing reports from major media sources on increasing income inequality, click here.

A federal appeals court [has] issued one of the most comprehensive rulings yet limiting police use of Tasers against low-level offenders who seem to pose little threat and may be mentally ill. In a case out of San Diego County, the 9th U.S. Circuit Court of Appeals criticized an officer who, without warning, shot an emotionally troubled man with a Taser when he was unarmed, yards away, and neither fleeing nor advancing on the officer. Sold as a nonlethal alternative to guns, Tasers deliver an electrical jolt meant to subdue a subject. The stun guns have become a common and increasingly controversial tool used by law enforcement. As lawsuits have proliferated against police and Taser International, which manufactures the weapons, the nation's appellate courts have been trying to define what constitutes appropriate Taser use. "Officer McPherson's desire to quickly and decisively end an unusual and tense situation is understandable," Judge Kim McLane Wardlaw wrote for the court. "His chosen method for doing so violated Bryan's constitutional right to be free from excessive force." Some lawyers called it a landmark decision.

Note: For lots more from major media sources on the dangers of supposedly "non-lethal" weapons, click here.

American special forces have conducted multiple clandestine raids into Pakistan's tribal areas as part of a secret war in the border region where Washington is pressing to expand its drone assassination programme. A former Nato officer said the incursions, only one of which has been previously reported, occurred between 2003 and 2008, involved helicopter-borne elite soldiers stealing across the border at night, and were never declared to the Pakistani government. "The Pakistanis were kept entirely in the dark about it. It was one of those things we wouldn't confirm officially with them," said the source, who had detailed knowledge of the operations. Such operations are a matter of sensitivity in Pakistan. While public opinion has grudgingly tolerated CIA-led drone strikes in the tribal areas, any hint of American "boots on the ground" is greeted with virulent condemnation. After the only publicly acknowledged special forces raid in September 2008, Pakistan's foreign office condemned it as "a grave provocation" while the military threatened retaliatory action. The military source said that was the fourth raid of previous years. The secretive nature of the raids underscores the suspicious nature of the relationship between the two allies as they argue about Washington's latest demands.

Note: For lots more from reliable sources on the secret realities of the "war on terrorism," click here.

Although federal health officials decline to use the word "peaked," the current wave of swine flu appears to have done so in the United States. Flu activity is coming down in all regions of the country, the Centers for Disease Control and Prevention said Friday, though it is still rising in Hawaii, Maine and some isolated areas. The World Health Organization said Friday that there were "early signs of a peak" in much of the United States. On Wednesday, the American College Health Association, which surveys over 250 colleges with more than three million students, said new cases of flu had dropped in the week ending Nov. 13. It was the first drop since school resumed in the fall, and it was significant – new cases were down 27 percent from the week before. And on Friday, Quest Diagnostics, the country's largest laboratory, said its tests of 142,000 suspected flu specimens since May showed that the flu peaked in late October. Nonetheless, Dr. Anne Schuchat, the director of immunization and respiratory diseases at the C.D.C., chose her words carefully, saying: "I wish I knew if we had hit the peak. Even if a peak has occurred, half the people who are going to get sick haven't gotten sick yet." The drop was clearly not caused by the swine flu vaccine drive, which has not gone as fast as the authorities had hoped.

Note: Just like the avian flu scare a few years ago, the swine flu hype has turned out to be largely a whimper, yet the pharmaceutical companies are happy, as again they have made billions of dollars from the massive amonts of vaccines and drugs purchased by the government with your tax dollars. For more, click here and here.

She sleeps in safe houses, with a rotating squad of bodyguards securing the doors. She goes out only in a billowing burqa. Even her wedding was held in secret. Elected the youngest member of the Afghan parliament – and suspended for her outspoken criticism of the country's top officials – Malalai Joya has been labelled the bravest woman in Afghanistan. Small, soft-spoken and now 31, she has survived at least four assassination attempts. "Canada should pull its troops out now," she said in Toronto, where she was promoting her book A Woman Among Warlords, co-written with Canadian peace activist Derrick O'Keefe. And, she says, U.S. President Barack Obama, who is considering a surge in troop levels to battle Al Qaeda and the Taliban, should think again. "The United States should go, too. As long as foreign troops are in the country we will be fighting two enemies instead of one." Yes, she says, there is a risk of civil war ... but it would still be better than "night raids, torture and aerial bombardment" that killed hundreds of Afghan civilians while the Taliban made steady gains. "Liberation was just a big lie." Joya believes Afghans are now better prepared to battle the Taliban alone. "resistance has increased, and people are becoming more aware of democracy and human rights. They need humanitarian and educational support." But not, she adds, at the point of a gun. "It will be a long struggle," she wrote. "A river is made drop by drop ... you can kill me, but you can never kill my spirit."

Note: For lots more from reliable sources on the realities of the wars in Afghanistan and Iraq, click here.

Among the many dubious provisions in the 2005 energy bill was one dubbed the Halliburton loophole, which was inserted at the behest of — you guessed it — then-Vice President Dick Cheney, a former chief executive of Halliburton. It stripped the Environmental Protection Agency of its authority to regulate a drilling process called hydraulic fracturing [commonly referred to as "fracking"]. Invented by Halliburton in the 1940s, it involves injecting a mixture of water, sand and chemicals, some of them toxic, into underground rock formations to blast them open and release natural gas. Hydraulic fracturing has been implicated in a growing number of water pollution cases across the country. It has become especially controversial in New York, where regulators are eager to clear the way for drilling in the New York City watershed, potentially imperiling the city’s water supply. Congress last week approved a bill that asks the E.P.A. to conduct a new study on the risks of hydraulic fracturing. An agency study in 2004 whitewashed the industry and was dismissed by experts as superficial and politically motivated. This time Congress is demanding “a transparent, peer-reviewed process.” Cumbersomely named the Fracturing Responsibility and Awareness of Chemicals Act, it would close the loophole and restore the E.P.A.’s rightful authority to regulate hydraulic fracturing. It would also require the oil and gas industry to disclose the chemicals they use.

Note: Energy-development corporations using the fracking process will not disclose the chemicals they inject into the subsurface because of the chemicals' high toxicity when they penetrate groundwater supplies. For many more examples from reliable sources of corporate and government secrecy, click here.

Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, the Obama administration and Congress produced a hat trick of financial reforms last week. For all the apparent action in Washington, some acute observers say that it was much ado about little. Last week’s moves, they say, were tinkering around the edges and did nothing to prevent another disaster like the one that unfolded a year ago. The white-hot focus on pay, for example, looks like a way for the government to reassure an angry public that they are making genuine changes. But compensation is a trifling matter compared to, say, true reform of derivatives trading. “The American public understands the immorality of paying people huge bonuses for failures that damaged the economy,” said Michael Greenberger, a law professor at the University of Maryland and a former commodities regulator. “What they don’t understand is that those payments are only a small fraction of the irregularities that took place and that, in essence, the compensation problems, as bad as they are, are a sideshow to the casino-like nature of the economy as it existed, pre-Lehman Brothers, and as it exists today.” Regulating derivatives is far more important to those interested in eliminating the possibility of future billion-dollar bailouts. But the derivatives bill generated by the House Agriculture Committee contains a sizable loophole. Many derivatives would not trade in the light of day.

Note: For many revealing reports from reliable sources on the realities of the continuing bank bailout, click here.

A scientist who allegedly tried to sell classified secrets to Israel had worked on the U.S. government's Star Wars missile shield program, and the Justice Department declared Tuesday that he had tried to share some of the nation's most guarded secrets. Arrested in an FBI sting operation, Stewart David Nozette was jailed without bond and accused in a criminal complaint of two counts of attempting to communicate, deliver and transmit classified information. In an interview, Scott Hubbard, a former colleague, said that Nozette was primarily a defense technologist who had worked on the Reagan-era Star Wars effort formally named the Strategic Defense Initiative. ''This was leading edge, Department of Defense national security work,'' said Hubbard, a professor of aerospace at Stanford University who worked for 20 years at NASA. Nozette held a special security clearance equivalent to the Defense Department's top secret and ''critical nuclear weapon design information'' clearances. Authorities became worried about possible espionage activity by Nozette after an investigation by NASA's inspector general in 2006 began looking at whether Nozette submitted false claims for expenses that were not actually incurred. In probing Nozette's finances in that case, investigators found indications he might be working for a foreign government, and they launched a national security investigation that eventually led to the undercover FBI sting.

Note: There's definitely something strange going on here.

UK border police used anti-terrorist legislation to prevent a British climate change activist from crossing over into mainland Europe where he planned to take part in events surrounding the forthcoming United Nations summit in Denmark. Chris Kitchen, a 31-year-old office worker, said he feared his treatment by police could mark the start of a clampdown on protesters, hundreds of whom are planning to travel to Copenhagen for the climate change talks in December. [He had hoped] to take part in discussions organised by a network of protest groups coming together under the banner Climate Justice Action. He said he was prevented from crossing the border ... when the coach he was travelling on stopped at the Folkestone terminal of the Channel tunnel. Kitchen said police officers boarded the coach and, after checking all passengers' passports, took him and another climate activist to be interviewed under schedule 7 of the Terrorism Act 2000, a clause which enables border officials to stop and search individuals to determine if they are connected to terrorism. The passports were not initially scanned, Kitchen said, suggesting the officials knew his name and had planned to remove him from the coach before they boarded. During his interview, he was asked questions about his family, work and past political activity. The police also asked him what he intended to do in Copenhagen. When Kitchen said that anti-terrorist legislation does not apply to environmental activists, he said the officer replied that terrorism "could mean a lot of things". Police are understood to be monitoring protesters on a number of databases, some of which highlight individuals when they pass through secure areas, such as ports.

Note: For many reports from reliable sources on increasing government erosion of civil liberties, click here.

As demonstrations have evolved with the help of text messages and online social networks, so too has the response of law enforcement. On Thursday, F.B.I. agents descended on a house in Jackson Heights, Queens [NY], and spent 16 hours searching it. The most likely reason for the raid: a man who lived there had helped coordinate communications among protesters at the Group of 20 summit in Pittsburgh. The man, Elliot Madison, 41, a social worker who has described himself as an anarchist, had been arrested in Pittsburgh on Sept. 24 and charged with hindering apprehension or prosecution, criminal use of a communication facility and possession of instruments of crime. The Pennsylvania State Police said he was found in a hotel room with computers and police scanners while using the social-networking site Twitter to spread information about police movements. He has denied wrongdoing. American protesters first made widespread use of mass text messages in New York, during the 2004 Republican National Convention. Messages, sent as events unfolded, allowed demonstrators and others to react quickly to word of arrests, police mobilizations and roving rallies. Mass texting has since become a valued tool among protesters, particularly at large-scale demonstrations. Mr. Madison [may be] the first to be charged criminally while sending information electronically to protesters about the police. “He and a friend were part of a communications network among people protesting the G-20,” Mr. Madison’s lawyer, Martin Stolar, said on Saturday. “There’s absolutely nothing that he’s done that should subject him to any criminal liability.”

Note: For many reports from reliable sources on increasing government erosion of civil liberties, click here.

The European security research programme (ESRP) has a €1.4bn EU budget and its twin objectives are to enhance European security and foster the growth of a globally competitive security industry in Europe. Unfortunately, in its haste to cash-in on the homeland security boom, the EU has effectively outsourced the design of its security research agenda to some of the corporations that have the most to gain from its implementation. It has created bodies outside the formal structure of the EU, beyond parliamentary scrutiny and democratic control. The result is a public research programme designed by lobbyists, for lobbyists, with corporations invited to shape the objectives and annual priorities, and then apply for the money on offer. ESRP was the brainchild of the "group of personalities", an EU advisory body convened in 2003 that included some of Europe's largest defence and IT contractors alongside the likes of NATO, the EU military committee and the Rand Corporation. The group's primary concern was the scale of the US government's investment in homeland security R&D, which meant that the US was "taking a lead" in the development of security "technologies and equipment which … could meet a number of Europe's needs", putting US multinationals in "a very strong competitive position".

Note: The author of this article, Ben Hayes, has written a detailed report, NeoConOpticon: the EU Security-Industrial Complex published by Statewatch and the Transnational Institute.

Japan's next prime minister might be nicknamed "the alien," but it's his wife who claims to have had a close encounter with another world. "While my body was asleep, I think my soul rode on a triangular-shaped UFO and went to Venus," Miyuki Hatoyama, the wife of premier-in-waiting Yukio Hatoyama, wrote in a book published last year. "It was a very beautiful place and it was really green." Yukio Hatoyama is due to be voted in as premier on September 16 following his party's crushing election victory over the long-ruling Liberal Democratic Party Sunday. Miyuki, 66, described the extraterrestrial experience, which she said took place some 20 years ago, in a book entitled Very Strange Things I've Encountered. When she awoke, Japan's next first lady wrote, she told her now ex-husband that she had just been to Venus. He advised her that it was probably just a dream. "My current husband has a different way of thinking," she wrote. Yukio Hatoyama, 62, the rich grandson of a former prime minister, was once nicknamed "the alien" for his prominent eyes. Miyuki, also known for her culinary skills, spent six years acting in the Takarazuka Revue, an all-female musical theater group. She met the U.S.-educated Yukio while living in America.

Note: For an intriguing ABC special on alien abductions, click here.

Ministers must explain why crucial documents relating to CIA "torture flights" that stopped on sovereign British territory were destroyed, a panel of MPs has said. In particular, the MPs ... call for an explanation for the missing papers, which might explain the role of Diego Garcia, the British overseas territory, in the US's "extraordinary rendition" programme. The report says: "We recommend that the government discloses how, why and by whom the records relating to flights through Diego Garcia since the start of 2002 were destroyed." Foreign secretary David Miliband admitted 18 months ago that two US planes refuelled on the Indian Ocean island. The committee now wants a detailed account of the record-keeping and disposal policy regarding flights through the territory and "elsewhere through UK airspace". It also criticises the government's inability to offer assurances that ships anchored outside Diego Garcia's waters were not involved in the rendition programme. "The government must address the use of UK airspace for empty flights that may be part of a rendition circuit," says the report. Amnesty International said the MPs' verdict underlined the need for a full, independent inquiry into the UK's involvement in "war on terror" and human rights abuses. The committee also voiced disquiet over claims that British intelligence officers were complicit in the torture of detainees held overseas. According to documents revealed by the high court last month, an MI5 officer visited Morocco three times during the time British resident Binyam Mohamed claims he was secretly interrogated and tortured there.

Note: For many reports from reliable sources on the hidden realities of "the war on terror," click here.

It was disturbing to learn ... just how close the last administration came to violating laws barring the military from engaging in law enforcement when President George W. Bush considered sending troops into a Buffalo suburb in 2002 to arrest terrorism suspects. Unfortunately, this is not necessarily a problem of the past. More needs to be done to ensure that the military is not illegally deployed in this country. The Posse Comitatus Act of 1878 generally prohibits the military from law enforcement activities within the United States. The Lackawanna Six controversy is history, but there are troubling signs the military may be injecting itself today into law enforcement. The American Civil Liberties Union has been sounding the alarm about the proliferation of "fusion centers," in which federal, state and local law enforcement cooperate on anti-terrorism work. According to the A.C.L.U., the lines have blurred, and the centers have involved military personnel in domestic law enforcement. Congress should investigate. Civil libertarians are also raising questions about a program known as the Chemical, Biological, Radiological/Nuclear and High-Yield Explosives Consequence Management Response Force. The Army says its aim is to have active-duty troops ready to back up local law enforcement in catastrophic situations, like an attack with a nuclear weapon. That could be legal, but the workings of these units are murky. Again, Congress should ensure that the military is not moving into prohibited areas. After the lack of respect for posse comitatus at the highest ranks of the previous administration, the Obama White House and Congress must ensure that the lines between military and law enforcement have been restored, clearly, and that they are respected.

Note: For many revealing reports from reliable sources on government and military threats to civil liberties, click here.

The big drive to create a viable alternative-energy future — by Detroit, multinationals such as IBM and BP, and Silicon Valley startups — is well-known. But there's another serious player in this sphere: the U.S. military, and especially DARPA [the Defense Advanced Research Projects Agency]. Created at the height of the Cold War to bolster U.S. military technology following the Soviet Union's Sputnik satellite launch, the agency has a long history of innovation. Most famously, DARPA's researchers first linked together computers at four locations in the early 1960s to form the ARPANET, a computer network for researchers that was the core of what eventually grew into the Internet. Other breakthroughs have helped lead to the commercial development of semiconductors, GPS, and UNIX, the widely used computer operating system. Can DARPA now score another double success by changing how both the military and civilian worlds consume and produce energy? DARPA's first goal is always to magnify the might of the U.S. armed forces. That's why Arlington (Va.)-based DARPA is devoting an estimated $100 million of its $3 billion annual budget to alternative energy. DARPA describes itself as an incubator of long-shot technologies too risky for almost anyone else to take on. The agency operates by issuing challenges to companies that are so tough they are called "DARPA-hard." Typically, DARPA requires contractors to come up with solutions that are orders of magnitude superior to current technology. In addition to spurring the development of palm-size fuel cells, DARPA has contracted with companies to miniaturize solar cells that would supplant the need for generators.

The most consequential decision of the Supreme Court’s last term got only a little attention when it landed in May. And what attention it got was for the wrong reason. But the lower courts have certainly understood the significance of the decision, Ashcroft v. Iqbal, which makes it much easier for judges to dismiss civil lawsuits right after they are filed. They have cited it more than 500 times in just the last two months. On its face, the Iqbal decision concerned the aftermath of the Sept. 11 attacks. The court ruled that a Muslim man swept up on immigration charges could not sue two Bush administration officials for what he said was the terrible abuse he suffered in detention. But something much deeper and broader was going on in the decision, something that may unsettle how civil litigation is conducted in the United States. For more than half a century, it has been clear that all a plaintiff had to do to start a lawsuit was to file what the rules call “a short and plain statement of the claim” in a document called a complaint. Information about wrongdoing is often secret. Plaintiffs claiming they were the victims of employment discrimination, a defective product, an antitrust conspiracy or a policy of harsh treatment in detention may not know exactly who harmed them and how before filing suit. But plaintiffs can learn valuable information during discovery. The Iqbal decision now requires plaintiffs to come forward with concrete facts at the outset, and it instructs lower court judges to dismiss lawsuits that strike them as implausible. “It obviously licenses highly subjective judgments,” said Stephen B. Burbank, an authority on civil procedure at the University of Pennsylvania Law School. “This is a blank check for federal judges to get rid of cases they disfavor.”

Note: For many important reports from major media sources on the erosion of civil liberties since the 9/11 attacks, click here.

Three years ago, U.S. Department of Agriculture employees determined that synthetic additives in organic baby formula violated federal standards and should be banned from a product carrying the federal organic label. Today the same additives, purported to boost brainpower and vision, can be found in 90 percent of organic baby formula. The government's turnaround, from prohibition to permission, came after a USDA program manager was lobbied by the formula makers and overruled her staff. That decision and others by a handful of USDA employees, along with an advisory board's approval of a growing list of non-organic ingredients, have helped numerous companies win a coveted green-and-white "USDA Organic" seal on an array of products. Grated organic cheese, for example, contains wood starch to prevent clumping. Organic beer can be made from non-organic hops. Relaxation of the federal standards, and an explosion of consumer demand, have helped push the organics market into a $23 billion-a-year business, the fastest growing segment of the food industry. Half of the country's adults say they buy organic food often or sometimes, according to a survey last year by the Harvard School of Public Health. But the USDA program's shortcomings mean that consumers, who at times must pay twice as much for organic products, are not always getting what they expect: foods without pesticides and other chemicals, produced in a way that is gentle to the environment. "It will unravel everything we've done if the standards can no longer be trusted," said Sen. Patrick J. Leahy (D-Vt.), who sponsored the federal organics legislation. "If we don't protect the brand, the organic label, the program is finished. It could disappear overnight."

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

Civil libertarians recently accused President Obama of acting like former President George W. Bush, citing reports about Mr. Obama’s plans to detain terrorism suspects without trials on domestic soil after he closes the Guantánamo prison. It was only the latest instance in which critics have argued that Mr. Obama has failed to live up to his campaign pledge “to restore our Constitution and the rule of law” and raised a pointed question: Has he, on issues related to fighting terrorism, turned out to be little different from his predecessor? Mr. Obama’s critics say that ... the core problem with Mr. Bush’s approach ... was that it trammeled individual rights. And they say Mr. Obama’s policies have not changed that. “President Obama may mouth very different rhetoric,” said Anthony D. Romero, executive director of the American Civil Liberties Union. “He may have a more complicated process with members of Congress. But in the end, there is no substantive break from the policies of the Bush administration.” Mr. Obama has also drawn fire from human rights advocates for fighting to prevent detainees in Afghanistan from having habeas corpus rights. Mr. Obama has also continued other Bush-era policies ... like the C.I.A.’s “extraordinary rendition” program ... and the invocation of the “state secrets” privilege to shut down some lawsuits. Jack Balkin, a Yale Law School professor, said Mr. Obama’s ratification of the basic outlines of the surveillance and detention policies he inherited would reverberate for generations. By bestowing bipartisan acceptance on them, Mr. Balkin said, Mr. Obama is consolidating them as entrenched features of government. “What we are watching,” Mr. Balkin said, “is a liberal, centrist, Democratic version of the construction of these same governing practices.”

Note: For revealing media articles from reliable sources on the hidden realities of never-ending "war on terror", click here.

The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the country out of recession by lowering rates on mortgages and other consumer debt. Fed purchases should boost Treasury prices and drive down their rates. That would ripple through and lower rates on other kinds of debt. The last time the Fed set out to influence long-term interest rates was during the 1960s. The Fed also said it will buy more mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac to help that battered market. The central bank will buy an additional $750 billion, bringing its total purchases of these securities to $1.25 trillion. It also will boost its purchase of Fannie and Freddie debt to $200 billion. Pimco's Bill Gross tells CNBC that the move has expanded the Fed’s balance sheet by perhaps 50 percent, up to $3 trillion. In addition, the Fed said a $1 trillion program to jump-start consumer and small business lending could be expanded to include other financial assets. Across the Atlantic, the Bank of England last week began buying government bonds from financial institutions as it turned to other ways to help revive Britain's moribund economy. The Bank of England, like the Fed, already had lowered its key interest rate to a record low of 0.5 percent. Finance leaders from top economies have discussed coordinating actions from their governments and central banks to provide a more potent punch against the global financial crisis.

Note: The Fed is now buying long-term Treasury bonds because it cannot directly lower interest rates any further. Isn't this just a hidden form of increasing the money supply, with the risk of further devaluing the dollar and eventually causing high inflation? For lots more on the hidden realities of the Wall Street bailout, click here

The Federal Reserve has no option but to start buying Treasurys as the government's needs for financing are huge, but the government bond market is a disaster in the making, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC. "Other central banks have done it already around the world but basically what it amounts to is money printing and in fact I don't think that it will help the bond market at all in the long run," Faber told CNBC. "Yields have already backed up pretty substantially and I tell you, I think the US government bond market is a disaster waiting to happen for the simple reason that the requirements of the government to cover its fiscal deficit will be very, very high," Faber said. "The Federal Reserve will have to buy Treasurys, otherwise yields will go up substantially," he said, adding that as their reserves were dwindling, foreign investors were likely to scale down their purchases. But there will be a time when the Federal Reserve will have to increase interest rates to fight inflation, and it will be reluctant to do so because the cost of servicing government debt will rise substantially. "So we'll go into high inflation rates one day," Faber said. The stock market ... outlook is bleak, he added. "I think we may still have a rally ... until about the end of April and probably then a total collapse in the second half of the year sometimes, when it becomes clear that the economy is a total disaster," Faber said.

Note: For lots more on the hidden realities of the Wall Street bailout, click here

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.