H.R. 1207: Federal Reserve Transparency Act now has 109 cosponsers!!

Audit the Fed bill (HR1207) has 91 co-sponsers now!!

LINK

Take Action this Tuesday to Audit the Fed

This coming Tuesday, April 28th, C4L will be holding its second official Mass Action Day by doing a "National Petition Push" in support of HR 1207!

Cosponsors are pouring onto the bill faster than the Library of Congress' site can keep up (We're up to 92 now, but the listing won't show until early next week.), and, with Jesse's visits to over 50 Capitol Hill offices this week garnering very positive results, now is the perfect time to make our voices heard!

Our VA national office is flooded with over 40,000 of your petitions, and next week we're taking them where they belong - to congressional offices all over the Hill.

More . . . ..

Congressman Paul on the Recent Swine Flu Scare

LINK

Ron Paul response to Obama speech

LINK

N.J. Pension System Deficit Rises to $34.4 Billion
Bloomberg

More Persistent Jet Contrails in Brooklyn

LINK

Learn more about this:
Experimental weather modification coming to your neighborhood, soon

Dennis Kucinich: Where Is Osama bin Laden?

LINK

North Carolina Town Prints Own Currency to Support Local Business
Democracy Now

Old idea means 'Plenty' currency in Pittsboro
WRAL News

Brooklyn Food Conference
May 2, 2009
Brooklyn, NY

Cream - Traintime

Cox, the SEC and the future of derivatives regulation
Dealscape

"Neither Cox or the SEC has ever put out a warning about the dangers of derivatives. .

The CFTC, with the exception of Brooksly Born's famous attempt at regulating derivatives in the late '90s, which was swatted down by former Federal Reserve Chairman Alan Greenspan and friends, has always been extremely industry friendly. The Fed, which does have an expertise in clearinghouses and complex instruments, was, however, under Greenspan, the center of resistance to derivatives regulation. ."

Antonin Artaud

excerpt from
To Have Done with the Judgement of God

I learned yesterday
one of the most sensational of those official practices of American
public schools
which no doubt account for the fact that this country believes itself
to be in the vanguard of progress,
It seems that, among the examinations or tests required of a child
entering public school for the first time, there is the so-called
seminal fluid or sperm test,
which consists of asking this newly entering child for a small
amount of his sperm so it can be placed in a jar
and kept ready for any attempts at artificial insemination that
might later take place.
For Americans are finding more and more that they lack muscle
and children,
that is, not workers
but soldiers,
and they want at all costs and by every possible means to make
and manufacture soldiers
with a view to all the planetary wars which might later take place,
and which would be intended to demonstrate by the overwhelming
virtues of force
the superiority of American products,
and the fruits of American sweat in all fields of activity and of the
superiority of the possible dynamism of force.
Because one must produce,
one must by all possible means of activity replace nature
wherever it can be replaced,
one must find a major field of action for human inertia,
the worker must have something to keep him busy,
new fields of activity must be created,
in which we shall see at last the reign of all the fake manufactured
products,
of all the vile synthetic substitutes
in which beatiful real nature has no part,
and must give way finally and shamefully before all the victorious
substitute products
in which the sperm of all artificial insemination factories
will make a miracle
in order to produce armies and battleships.
No more fruit, no more trees, no more vegetables, no more plants
pharmaceutical or otherwise and consequently no more food,
but synthetic products to satiety,
amid the fumes,
amid the special humors of the atmosphere, on the particular axes
of atmospheres wrenched violently and synthetically from the
resistances of a nature which has known nothing of war except
fear.
And war is wonderful, isn't it?
For it's war, isn't it, that the Americans have been preparing for
and are preparing for this way step by step.
In order to defend this senseless manufacture from all competition
that could not fail to arise on all sides,
one must have soldiers, armies, airplanes, battleships,
hence this sperm
which it seems the governments of America have had the effrontery
to think of.

William K. Black on Bill Moyers Journal
Video

The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout.

Our Watchdogs and the Financial Scandal of the Century
Deep Capture

"The problem is that many hedge funds and brokers engage in illegal naked short selling – selling stock and other securities that they have not yet borrowed or purchased, and failing to deliver stock within the allotted 3 days. They do this to drive down stock prices and destroy public companies for profit.

Emmy Award-winning journalist Gary Matsumoto reported on the Bloomberg newswire last week that naked short selling is one of Wall Street’s “darkest arts” and contributed to the demise of both Lehman Brothers and Bear Stearns. SEC data shows that an astounding 32.8 million shares of Lehman were sold and not delivered to buyers as of last September 11, days before the company declared bankruptcy.

The collapse of Lehman, of course, triggered the near-total implosion of our financial system.

How could this have been allowed to happen?

One answer lies within that black box – the Depository Trust and Clearing Corporation. The DTCC is a quasi-private, Wall Street owned and operated organization that is charged by Congress and the SEC with ensuring that securities trades are cleared and settled. As is evident from the cases of Lehman, Bear, and hundreds of other companies, however, the DTCC often fails to do its job.

In fact, it enables naked short selling to go unpunished. Rather than track individual trades to ensure that delivery occurs, the DTCC merely calculates a net total of sales and purchases at the end of each day. So we know how many shares of a given company fail to deliver each day, but the DTCC won’t tell us which hedge funds or brokers are responsible."

Unemployment soars to 8.5 pct. ; 13 million jobless
Associated Press

Financial Rescue Nears GDP as Pledges Top $12.8 Trillion
Bloomberg

"The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008."

Now they want to control the Web!

Senate Legislation Would Federalize Cybersecurity
Washington Post

U.S. cybersecurity chief quits over NSA power grab
The Register

". .the threat to our democratic processes are significant if all top government network security and monitoring are handled by any one organization (either directly or indirectly). During my term as Director we have been unwilling to subjugate the NCSC underneath the NSA."

U.S. Official: Obama Won't Cut Military Aid to Israel
Haaretz