The Fascinating Story Of How The Petrodollar Was Born And Lived In Secrecy For Over 40 Years

For decades, the story of Saudi Arabia recycling US petrodollars, i.e., funding the US deficit by buying US Treasuries with proceeds of its crude oil sales (mostly to the US), while the US sweetened the deal by providing the Saudis with military equipment and supplies, remained entirely in the conspiracy realm, with no confirmation or statement from the US Treasury department. Now, that particular "theory" becomes the latest fact, thanks to a fascinating story by Bloomberg which lays out the history of how the petrodollar was born...

Obama Steps In To Defend Hillary: DOJ Fights To Block Clinton Deposition

Late Thursday evening the Justice Department, under US attorney general Loretta Lynch, first appointed in 1999 by none other than Bill Clinton,  filed a court motion opposing the Clinton deposition request from conservative legal watchdog Judicial Watch, claiming that the organization was trying to dramatically expand the scope of the lawsuit.

First "Shocking" Deposition In Clinton Email Case Reveals She Did Not Use A Password

According to Lewis Lukens, a veteran 27-year foreign service officer at the State Department who served as the deputy executive secretary  Clinton did not use a password to protect her stand-alone computer from unwanted intruders such as hackers. During the deposition, Lukens volunteered that the stand-alone computer adjacent to her suite did not have a password for protection  “She wouldn’t have had a password.” Bekesha asked, astonished, “So the computer would have just been open and be able  to use without going through any security features?” “Correct,” Lukens replied.

Least Transparent Ever - The Truth About Obama's Liberal Potemkin Village

After early promises to be the most transparent administration in history, this has been one of the most secretive. And in certain ways, one of the most elusive. On media rights generally, the Obama administration hasn’t walked its talk. It has set new records for stonewalling or rejecting Freedom of Information requests. And it has used an obscure federal act to prosecute leakers.

Sworn Depositions Of Close Clinton Aides Begin This Week

Interviews in a civil lawsuit with current and former State Department officials concerning former Secretary of State Hillary Clinton’s use of a private email server will begin this week. Lewis Lukens, a former deputy assistant secretary of state, will be interviewed under oath in the first deposition taken as part of a lawsuit by the conservative watchdog group Judicial Watch over access to Mrs. Clinton’s records during her time in office.

CIA "Accidentally" Deletes Only Copy Of Confidential 6,700-Page Torture Report

In a repeat of the fiascos involving the IRS' Lois Lerner, and more recently, none other than Hillary Clinton, the CIA’s internal watchdog “inadvertently” deleted its only copy of the Senate report on torture techniques employed by the agency in the wake of 9/11 – and did so while the Justice Department was insisting in court that copies were being stored.

The Mystery Of Saudi Treasury Holdings Solved: US Reveals Saudi Holdings For The First Time

One month ago, when the NYT reported that Saudi Arabia would liquidate as much as $750 billion in Trasurys should the US pursue legislation that could hold it liable for the September 11 bombings, many asked: does Saudi Arabia own that many Treasurys?  We now have the answer courtesy of a Bloomberg FOIA submission to the US treasury, and our estimate of "far less" Saudi holdings was indeed accurate. As Bloomberg reports, "the stockpile of the world’s biggest oil exporter stood at $116.8 billion as of March."

State Department "Unable To Find" Hillary Emails To IT Aide, Apologizes For Incompetence

"The department has searched for Mr. Pagliano's e-mail PST file, and has not located one that covers the time period of Secretary Clinton's tenure... The department does acknowledge, we must work to improve our systems for record management and retention as part of the ongoing effort, the department is not automatically archiving Secretary Kerry's e-mails as well as the e-mails of numerous senior staff."