May 2015 – Page 6 – The Burning Platform

The NSA’s Technotyranny: One Nation Under Surveillance

“The ultimate goal of the NSA is total population control.”—William Binney, NSA whistleblower

We now have a fourth branch of government.

As I document in my new book Battlefield America: The War on the American People, this fourth branch came into being without any electoral mandate or constitutional referendum, and yet it possesses superpowers, above and beyond those of any other government agency save the military. It is all-knowing, all-seeing and all-powerful. It operates beyond the reach of the president, Congress and the courts, and it marches in lockstep with the corporate elite who really call the shots in Washington, DC.

You might know this branch of government as Surveillance, but I prefer “technotyranny,” a term coined by investigative journalist James Bamford to refer to an age of technological tyranny made possible by government secrets, government lies, government spies and their corporate ties.

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Beware of what you say, what you read, what you write, where you go, and with whom you communicate, because it will all be recorded, stored and used against you eventually, at a time and place of the government’s choosing. Privacy, as we have known it, is dead.

The police state is about to pass off the baton to the surveillance state.

Having already transformed local police into extensions of the military, the Department of Homeland Security, the Justice Department and the FBI are preparing to turn the nation’s soldier cops into techno-warriors, complete with iris scanners, body scanners, thermal imaging Doppler radar devices, facial recognition programs, license plate readers, cell phone Stingray devices and so much more.

This is about to be the new face of policing in America.

The National Security Agency (NSA) has been a perfect red herring, distracting us from the government’s broader, technology-driven campaign to render us helpless in the face of its prying eyes. In fact, long before the NSA became the agency we loved to hate, the Justice Department, the FBI, and the Drug Enforcement Administration were carrying out their own secret mass surveillance on an unsuspecting populace.

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Rand Paul: ‘Disingenuous’ Obama Can Stop NSA Spying Any Time He Wants

“Why doesn’t he stop it? What’s he waiting for?”

Guest Post by Steve Watson

Fresh from his marathon filibuster of the proposed extension to the government snooping enabling section of the Patriot Act, Senator Rand Paul slammed the President this morning, accusing Obama of being deceitful over the issue.

Appearing on CBS, Paul noted “Here’s the thing about the president: He’s disingenuous about this,” the Kentucky Republican said on ‘This Morning.’ “The president started this program through executive order — he could end it anytime.”

The Senator also noted that the NSA bulk collection was recently ruled illegal by a federal appellate panel.

“Why doesn’t he stop it? What’s he waiting for?” Mr. Paul said. “He [says], ‘Oh, Congress can stop it.’ He started it on his own. He should stop it, and I’ve asked the president repeatedly, ‘Stop the program.’ “

Paul also refused to be drawn into an argument with anchor Charlie Rose who accused him of using the NSA issue to “sell books”.

Instead Paul stuck to the point, noting that he is not being unreasonable, “I’m just asking for two amendments and a simple majority vote” Paul stated.

“I think sometimes my party gets all caught up in the Second Amendment, which is fine, but we don’t protect the Fourth Amendment enough,” he added.” But actually I think neither party ends up protecting the Fourth Amendment enough, which is the right to privacy.”

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WHY STOCKS WILL CRASH IN TWO CHARTS

“Things always become obvious after the fact” – Nassim Nicholas Taleb

“Facts do not cease to exist because they are ignored.” – Aldous Huxley

The S&P 500 currently stands at 2,126, fractionally below its all-time high. It is now 300% above the 2009 low and 34% above the 2008 and 2001 previous highs. Most people believe this is the new normal. They are comfortably numb in their ignorance of facts, reality, the truth, and the inevitability of a bleak future. When the herd is convinced progress and never ending gains are the norm, the apparent stability and normality always degenerates into instability and extreme anxiety. As many honest analysts have proven, with unequivocal facts and proven valuation measurements, the stock market is as overvalued as it was in 1929, 2000, and 2007.

Facts haven’t mattered, as belief in the infallibility and omniscience of Federal Reserve bankers, has convinced “professionals” to program their high frequency trading supercomputers to buy the all-time high. If central bankers were really omniscient and low interest rates guaranteed endless stock market gains, then why did the stock market crash in 2000 and 2008? The Federal Reserve’s monetary policies created the bubbles in 2000, 2007 and today. There was no particular event which caused the crashes in 2000 and 2008. Extreme overvaluation, created by warped Federal Reserve monetary policies and corrupt Washington D.C. fiscal policies, is what made the previous bubbles burst and will lead the current bubble to rupture.

Benjamin Graham and John Maynard Keynes understood how irrational markets could be over the short term, but eventually they would reach fair value:

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Graham

“The market can stay irrational longer than you can stay solvent.” – Keynes

Graham’s quote reflects the difference between hope and reality. This explains the ridiculous overvaluation of Amazon, Shake Shack, Twitter, Linkedin, Tesla, Google, and the other high flying new paradigm stocks. Story stocks soar because the herd believes the stories peddled by Wall Street and company executives. Five of these six stocks don’t have a PE ratio because you need earnings to calculate a PE ratio. In the long run the market will weigh the value these companies based upon profits and cashflow. It is the same story for the market as a whole. There is no question who is to blame for what now amounts to a three headed hydra of bubbles poised to burst.

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The Clintons and Their Banker Friends

Guest Post by Nomi Prins

The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward.

When Hillary Clinton video-announced her bid for the Oval Office, she claimed she wanted to be a “champion” for the American people. Since then, she has attempted to recast herself as a populist and distance herself from some of the policies of her husband. But Bill Clinton did not become president without sharing the friendships, associations, and ideologies of the elite banking sect, nor will Hillary Clinton. Such relationships run too deep and are too longstanding.

To grasp the dangers that the Big Sisx Banks (JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley) presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s. Alliances established then (not exclusively with Democrats, since bankers are bipartisan by nature) enabled these firms to become as politically powerful as they are today and to exert that power over an unprecedented amount of capital. Rest assured of one thing: their past and present CEOs will prove as critical in backing a Hillary Clinton presidency as they were in enabling her husband’s years in office.

In return, today’s titans of finance and their hordes of lobbyists, more than half of whom held prior positions in the government, exact certain requirements from Washington. They need to know that a safety net or bailout will always be available in times of emergency and that the regulatory road will be open to whatever practices they deem most profitable.

Whatever her populist pitch may be in the 2016 campaign — and she will have one — note that, in all these years, Hillary Clinton has not publicly condemned Wall Street or any individual Wall Street leader. Though she may, in the heat of that campaign, raise the bad-apples or bad-situation explanation for Wall Street’s role in the financial crisis of 2007-2008, rest assured that she will not point fingers at her friends. She will not chastise the people that pay her hundreds of thousands of dollars a pop to speak or the ones that have long shared the social circles in which she and her husband move. She is an undeniable component of the Clinton political-financial legacy that came to national fruition more than 23 years ago, which is why looking back at the history of the first Clinton presidency is likely to tell you so much about the shape and character of the possible second one.

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THE PRICE OF PEACE

Extortion from Israel, I’m shocked. I wonder how much booty they can extract this time… I would like to give them some time bombs, as sort of a practical joke.

US Eager to Placate, But Israeli Govt Split on Terms

Israeli Military, Foreign Ministry Split on Deal

by Jason Ditz, May 24, 2015

Last week’s reports of a deal in the making in which the US would give Israel a massive bump in military aid in return for their acquiescence on the Iran nuclear deal isconfirmed this weekend by Ynet, who quotes State Department officials as saying the US is prepared to pay “a hefty price to get some quiet from the Israelis.”

While the reports are that Israeli officials are resigned to this happening at some point, the indication is there is a major split among top officials as to how and when to proceed.

Israel’s Foreign Ministry is said to oppose any direct dealings with the Obama Administration at this point, believing that this would amount to an admission of their willingness to back off on the Iran deal, and that it would “only be a question of price” at that point.

The Foreign Ministry are also concerned, having been the ministry heavily campaigning internationally about the “threat” of the deal, that they will appear to have surrendered to the US.

By contrast, Israel’s Military Intelligence division believes that Iran is already a “done deal” and that the longer they wait, the less pressure there will be for the US to pay up. The military will be the primary recipients of this US funding, and believes they can get the most out of it by making the deal now, not later.

US State Department officials have expressed puzzlement about Israel’s hesitance in naming a price, but it likely that this split will continue for awhile until Israel issues actual demands.

Kiss your Pension Fund Good-Bye

Guest Post by Martin Armstrong

I have been warning for some time that government was eyeing up pensions.The amount in private pension funds is about $19.4 trillion. The question that has been debated in secret behind the curtain is how to justify to the people taking that over. I have been warning that if this is seized by government, it will come after 2015.75. Just how that is to be accomplished was finally settled by the Supreme Court without any justification constitutionally.

The US Supreme Court ruled last week in the unanimous, 8-page decision in Tibble v. Edison holding that employers have a duty to protect workers in their 401(k) plans from mutual funds that are too expensive or perform poorly. That is simply astonishing since there is no constitutional requirement for even government to provide social benefits. The Supreme court held in HARRIS v. McRAE, 448 U.S. 297 (1980) it was explained that the constitution is negative not positive. There is no duty imposed upon the state to provide a program for that would convert the constitution from a negative restrain upon government to a positive obligation to provide for everyone.

If we take the fact that the constitution is NEGATIVE and was a restrain upon government, then this latest ruling is completely unfounded. Monday’s unanimous ruling sends a warning to employers that they now must improve their plans and it is now an obligation to project employees. This comes just in time for then the next step is government to seize private funds and prosecute employers who choose badly a fund manager. This fits perfectly just in time for the Obama administration’s next assault as they prepare a landmark change of its own by issuing rules requiring that financial advisers put the interest of customers ahead of their own. This creates a very gray area wide enough to justify public seizure of pension funds under management.

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