Obama Administration

Tyler Durden's picture

Guest Post: Who Are The Real Traitors?





Over the course of decades we have allowed ourselves to be corrupted by the love of material possessions, the lure of a debt based faux wealth, the money for nothing entitlement promises of dishonorable politicians, the evil of currency debasement, the effectiveness of mass media propaganda, and the belief that we could sacrifice freedom and liberty for promises of safety and security made by a cabal of powerful rich men. Power has been concentrated into the hands of the few, who operate in secrecy and despise the people. They don’t want transparency or open debate. Freedom of speech is nothing but a thorn in their side. They believe they are smarter than the serfs and have no morality when it comes to committing illegal acts and disregarding the Constitution. They are not acting in the public interest. Their abuse of power and looting of the national wealth have put us on a path towards a bloody revolution. This is not a time for conformity, obedience or submission. It’s time to stand up and expose the evil doers. It’s time to rally around those who care about this country. Who are the real traitors? You know the answer.

 
Tyler Durden's picture

Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit





Eventually the money runs out.  Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured deb.  Anyone with half a brain and a calculator could see this coming from a mile away.  But people kept foolishly lending money to the city of Detroit, and now many of them are going to get hit really hard. But what Detroit is facing is not really that unique.  In fact, Detroit is a perfect example of what the future of America is going to look like.  We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency. Just like Detroit, a day is rapidly approaching when America will not be able to kick the can down the road anymore. Sadly, our politicians don't seem inclined to do anything about it and most of the population seems to think that our exploding national debt is not a significant problem. By the time it becomes clear how wrong they were, it will be far too late to do anything about it.

 
Tyler Durden's picture

Ron Paul: "Obama’s Syria Policy Looks A Lot Like Bush’s Iraq Policy"





President Obama announced late last week that the US intelligence community had just determined that the Syrian government had used poison gas on a small scale, killing some 100 people in a civil conflict that has claimed an estimated 100,000 lives. Because of this use of gas, the president claimed, Syria had crossed his “red line” and the US must begin to arm the rebels fighting to overthrow the Syrian government. The process was identical to the massive deception campaign that led us into the Iraq war. That is exactly what the Obama Administration is doing with Syria: fixing the intelligence and facts around the already determined policy. And Congress just goes along, just as they did the last time. The president has opened a can of worms that will destroy his presidency and possibly destroy this country. Another multi-billion dollar war has begun.

 
Tyler Durden's picture

Iran Sends 4,000 Troops To Aid Syria's Assad





While the world awaits Russia's formal response to last week's US escalation in Syria (as Putin demonstratively arrived an hour late for talks on Syria with UK PM David Cameron) another country: Iran - fresh from an election in which moderate candidate Hassan Rohani became the new president - is taking matters into its own hands. The Independent Reports that "a military decision has been taken in Iran – even before last week’s presidential election – to send a first contingent of 4,000 Iranian Revolutionary Guards to Syria to support President Bashar al-Assad’s forces against the largely Sunni rebellion that has cost almost 100,000 lives in just over two years.  Iran is now fully committed to preserving Assad’s regime, according to pro-Iranian sources which have been deeply involved in the Islamic Republic’s security, even to the extent of proposing to open up a new ‘Syrian’ front on the Golan Heights against Israel."

 
Tyler Durden's picture

Aetna Pulls Out Of California Individual Insurance Market In Response To Obamacare





If Obamacare's stated goal was to broaden the health insurance market, give more options to consumers, and generally lower the cost of health insurance, courtesy of the IRS' flawless execution of yet another unprecedented government expansion, it may be in for a tough time. Because while on paper every statist plan of centrally-planned ambitions looks good, in reality things usually don't work out quite as expected. Case in point the news that Aetna will stop selling health insurance to individual consumers in California at the end of 2013, in advance of Obamacare's complete transformation of the insurance market: a transformation which just incidentally may see most private health insurance firms follow in Aetna's steps and the emergence of a single-payer system along the lines of the British National Health Service. A government-mandated and funded system which, needless to say, crushes private enterprise, and ends up costing far more for all involved than an efficient market based on individual wants, needs and capabilities constantly in flux. But that's ok - there is an administration which is smarter than the entire market, and a Federal Reserve which will monetize any deficit funding, and the only trade off is making the already ridiculous US federal debt ridiculouser.

 
Tyler Durden's picture

Guest Post: Is Obama Starting A War With Syria Just A Distraction From All The Scandals?





Well, isn't that convenient?  At the moment when the Obama administration is feeling more heat then ever before, it starts another war.  Suddenly everyone in the mainstream media is talking all about Syria and not about the IRS scandal, Benghazi, NSA snooping or any of the other political scandals that have popped up in recent weeks. As if on cue, Obama made headlines all over the globe on Thursday by claiming that the Syrian government has used chemical weapons against the rebels "multiple times", and that the U.S. was now ready to do more to assist the rebels. As far as the Obama administration is concerned, there is no such thing as a coincidence.  The timing of this announcement regarding Syria was not an accident.

 
Tyler Durden's picture

It's On: US "Finds" Chemical Weapon Use Against Syrian Rebels; Military Proposes Arming Rebels, No-Fly Zone





The "red-line" has been crossed. The New York Times is reporting that:

U.S. CONCLUDES SYRIA USED CHEMICAL WEAPONS AGAINST REBELS: NYT, and
NYT SAYS EUROPEAN OFFICIALS REACH SAME CONCLUSION ON SYRIA
MCCAIN SAYS U.S. TO PROVIDE WEAPONS TO SYRIAN REBELS

And alongside that finding, as part of (or justification for?) the arming of the Syrian rebels, the WSJ reports that the US Military is calling for a limited no-fly zone inside Syria. The seriousness of this escalation must be put in the context of a desperately-needed distraction for the current administration - which makes the decisions being made even more concerning in their potential for extremes.

 
Tyler Durden's picture

Frontrunning: June 12





  • Pimco Sees 60% Chance of Global Recession in Five Years (BBG)
  • Global Tumult Grips Markets (WSJ)
  • NSA Secrecy Prompts a Pushback (WSJ)
  • ANA Scraps 787 Dreamliner Flight as Engine Fails to Start (BBG) - one of these days, though, it shall fly
  • Kuroda’s April-Was-Enough Message Faces Markets Wanting More (BBG)
  • S&P warns top US banks are still ‘too big to fail’ (FT)
  • Democracy for $500 per plate (Reuters)
  • Iran, the United States and 'the cup of poison' (Reuters)
  • Japan grapples with lack of entrepreneurs (FT)
  • Greece First Developed Market Cut to Emerging at MSCI (BBG)
  • Asia's ticking time bonds; time to cut and run? (Reuters)
  • Sony Outduels Microsoft in First PS4-Xbox One Skirmish (BBG)
 
Tyler Durden's picture

Guest Post: Why The Surveillance State Must Be Erased





In America today there is a great rushing storm, a swirling hurricane of clashing opinions and ideologies that defy coherent organization and classification.  This social tempest has been triggered by certain revelations among the general public on issues which we in the Liberty Movement have long been aware.  The fact that our government is bought and paid for by international corporate interests, the fact that our government has positioned itself to spy on ALL Americans without warrant and without probable cause, the fact that our government is instituting policy initiatives that target common citizens as enemy combatants, the fact that every one of our Constitutional rights is being deliberately torn away; these things are not news to us, but to many once ignorant people, they are a shock to the system. Open corruption on the part of a criminal establishment has a funny way of politicizing everyone, even those people who go out of their way to avoid the bigger picture.  In the end, no man or woman gets a pass.  Whether you like it or not, one day soon, you will have to choose a side; freedom or tyranny.  There is no middle ground.

 
Tyler Durden's picture

Supreme Court Standoff Next? ACLU Sues Obama Over Constitutionality Of NSA Surveillance





If the constitutional scholar was hoping he would quietly avoid a major showdown over the constitutionality of the biggest spying scandal since Nixon (whether legal or not remains to be determined) and which would likely have led to an early POTUS retirement if current president was republican, the ACLU just slammed the door shut on the possibility. Moments ago, the American Civil Liberties Union filed a lawsuit against the Obama administration over its "dragnet" collection of logs of domestic phone calls, contending that the once-secret program is illegal and asking a judge to both stop it and order the records purged. And, as the NYT reports, "the lawsuit, filed in New York, could set up an eventual Supreme Court test." Only once that happens it will be too bad that InTrade is no longer available, to take the other side of a trade that believes the SCOTUS will for once do the right thing and preserve the constitution when everyone knows the decision to formally enact a Big Brother state will pass along political party lines and America will officially become the country that for 5 decades, at least superficially, it was waging "cold war" against.

 
Tyler Durden's picture

Frontrunning: June 11





  • Citigroup Facing $7 Billion Currency Hit on Dollar, Peabody Says (BBG)
  • World has 10 years of shale oil, reports US (FT)
  • ECB prepares to defend monetary policy in German court (FT)
  • European Stocks Sink to Seven-Week Low as Treasuries Fall (BBG)
  • Fitch warns on risks from shadow banking in China (Reuters)
  • Obama administration to drop limits on morning-after pill (Reuters)
  • ACLU asks spy court to release secret rulings in response to leaks (MSNBC)
  • SEC Nets Win in 'Naked Short' Case (WSJ)
  • SoftBank Raises Offer for Sprint to $21.6 Billion (WSJ)
  • Chinese rocket launch marks giant leap towards space station (FT)
 
Tyler Durden's picture

"Will Obama See Out His Full Term?"





It seems the question on many people's minds, as scandal after scandal crashes on the shores of Obama's White House is best summed up by The Telegraph's Damian Thompson. Yet another non-US paper asks, will Obama last the duration of his second term in a surveillance context where what has been revealed is said to be worse than Watergate.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!