Petro-Dollar Recycling

Kissinger’s agreement with OPEC detailed US protection and funding for infrastructure, regime protection, and military assistance for OPEC nations

if they agreed to only receive payment for Oil in dollars. In return, OPEC was to purchase T-bills with a percentage (in 1971 it was 20%) of the dollars

it received from its sale of oil. This cycle, from which the US prints IOU’s which countries need to purchase oil which ultimately return to OPEC and

are kept at the Fed is the concept of the petrodollar – suggesting actual reasons for the Iraq war, and many other critical issues about the mess we’re in today….

War Costs

“The law that created the deficit committee also created a zero-sum game: Any expensive program that escapes the budget knife does so at the expense of cuts to other programs. If the military contractors succeed in keeping the war budget intact, they’ll likely do so at the expense of Social Security and Medicare. That means money that would go to your Social Security or Medicare benefits will instead go into the hands of people like Lockheed Martin CEO Robert J. Stephens, who last year made $21.9 million, almost totally from taxpayer-funded military contracts….”

http://warcosts.com

The WikiLeaks Mess & What Does It Mean…

The_Scream

All 251,287 diplomatic cables obtained by WikiLeaks last year are now accessible in multiple locations on the Internet, a development that touched off a dispute on Thursday between the group and the British newspaper The Guardian about who was responsible for their release.

WikiLeaks suffers major breach, prompting accusations and a theory on what went wrong…

Get Involved & Know Your Rights

Time is running out….

The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. A recent Cornell University study presents the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. They found that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions.

This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers….

<<download document >>

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You have no right to resist unlawful police entry to your home

INDIANAPOLIS—

People have no right to resist if police officers illegally enter their home, the Indiana Supreme Court ruled in a decision that overturns centuries of common law.

The court issued its 3-2 ruling on Thursday, contending that allowing residents to resist officers who enter their homes without any right would increase the risk of violent confrontation. If police enter a home illegally, the courts are the proper place to protest it, Justice Steven David said.

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Bush, Rumsfeld and Iraq: Is the Real Reason for the Invasion Finally Emerging?

In Donald Rumsfeld’s new book, Known and Unknown, out February 8, Rumsfeld offers an account of George W. Bush’s early interest in Iraq.  This was just days after the 9/11 attacks.  There were no apparent reasons for Bush to focus on Iraq, instead of on the actual perpetrators of the attacks….

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