The real costs of the Bush recession

Most people don't understand that BUSH's TARP Bank Bailout was the tip of the iceberg, as the Federal reseve made $27-TRILION in revolving "Emergency Loans" to it's same member banks between 2007-2009. "To Big to Fail" went on a gluttonous binge and got obese, buying up smaller banks while small banks went bankrupt and were closed by the FDIC.

Bloomberg filed F.O.I.A. record requests and eventually, after the Supreme Court decided not to hear the case, got the records from the Federal Reserve, but two years after the damage was done. The Fed. argued that if the 'emergency loans' were revealed in 'real-time' that such information would cause a national security risk as people would make a run on their member banks if they knew how bad the crisis truly was. (more)

Lean more about the Feds Secret Lifelines - including loans to FOREIGN banks

http://bloom.bg/o6GTTL

If you don't understand fractional reserve banking: when a bank get's free money made out of thin-air from the Federal Reserve, it can loan out 90% of that new money at interest. Then as their customers use that money it returns to the banks where they again loan out 90% at interest. This creates a multiplier effect, making ever dollar in new created money into $10 (at interest). 

At just 5% interest rates, it only takes two years for the banks to repay the initial 'emergency loan' (interest free), using income generated out of thin-air. Yet, the newly created currency, 9 times the original loans, remains in the economy, devaluating the existing currency (inflation). The great thing is that all the CEO's got bonuses based upon the new volume of transactions. In this way the entire economy absorbs the paper losses on home mortgages, while the banks that should have failed, survive. The hidden tax is the inflation, which hits those with savings hardest, those who own homes lose either equity or the value of their currency, eliminating any gains in the value of their property. Use this link to get the raw data spreadsheet of Federal Reseve Loans: http://bit.ly/Bloomberg-Fed-Data

Breaking Rank with Police

Given the history of criminal behavior on the job for personal gain by the San Diego Police we need an active group of public citizens to keep them honest. San Diego has a history as a corrupt city by any measure, it's owned by the developers, who use public officials, like Jerry Sanders, to do their bidding. Exposing the fundamental flaws in the power of authority is the job of every citizen journalist.

Norm Stamper, author of Breaking Rank, established 'anti-corruption' task forces to investigate cops, and set them up with sting opérations. We need to do the same thing with our other public officials, and expose their willingness to sell their influence for personal gain.

If you know of criminal misconduct by the San Diego Police please report it to:
Office of Internal Affairs
Citizens Review Board

If you are afraid of retaliation, and wish to remain anonymous, contact your local professional journalist to help them publish a story on the issues.

David Suzuki on Economics

READ THIS, IT'S IMPORTANT:

"Externalities" from Sustainable Man on Vimeo.

"Economists say, if you clearcut the forests and put [the money] in the bank, you could make 6 or 7 percent. If you cut down the forests and put it into Malaysia or Papua New Guinea, you could make 30 or 40 perc

ent. So, who cares whether you keep the forest, cut it down [and] put the money somewhere else! When those forests are gone, put it in fish; when the fish are gone, put it in computers. Money doesn't stand for anything, and money now grows faster than the real world.

Economics is so fundamentally disconnected from the real world, it is destructive. If you take an introductory course in economics, the professor—in the first lecture—will show a slide of the economy, and it looks very impressive. They try and impress you, because they know damn well that economics is not a science, but they're trying to fool us into thinking that it's a real science; it's not.

Economics is [just] a set of values, and [they] use mathematical equations and pretend that it's a science. But, if you ask the economist, 'in that equation, where do you put the ozone layer? Where do you put the deep, underground aquifers? Where do you put top soil or biodiversity?', their answer is 'oh, those are externalities.' Well, then you might as well be on Mars! That economy's not based [on] anything like the real world. It's life, the web of life, that filters water, it's microorganisms in the soil that create the soil we can grow our food in…insects fertilize all of the flowering plants…nature performs all kinds of services…these services are vital to the health of the planet. Economists call these externalities; that's NUTS."

—David Suzuki

(★★★★) Must Watch Video ft. above quote:
http://vimeo.com/49953262