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Hosea 4:6 My people are destroyed for lack of knowledge…

Archive for January 6th, 2010

Military-Industrial Complex Set To Make A Killing From Body Scanners

Posted by truthpills on 2010/01/06

Steve Watson
Tuesday, Jan 5, 2010

Military Industrial Complex Set To Make A Killing From Body Scanners 050110scanner3The rabid calls for co-ordinated implementation of naked body scanners in airports across the planet, in the wake of the failed underwear bombing, will result in huge profits for the military industrial complex.

The giant defense contractor L-3 Communications is first line, having already landed a $165 million contract for body scanners from the Transportation Security Administration late last week.

The New York based company ranks among the world’s top contractors, with 81% of it’s total revenue being generated from defense spending in 2008 (see image below).

L-3 has supplied command, control, communications, intelligence, surveillance and reconnaissance systems and products to the Department of Defense, the Department of Homeland Security, and several other U.S. Government intelligence agencies.
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Posted in Corruption, Economy, false flag terrorism | Tagged: | Leave a Comment »

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied

Posted by truthpills on 2010/01/06

Submitted by Tyler Durden on 01/03/2010 11:01 -0500

When Henry Paulson publishes his long-awaited memoirs, the one section that will be of most interest to readers, will be the former Goldmanite and Secretary of the Treasury’s recollection of what, in his opinion, was the most unpredictable and dire consequence of letting Lehman fail (letting his former employer become the number one undisputed Fixed Income trading entity in the world was quite predictable… plus we doubt it will be a major topic of discussion in Hank’s book). We would venture to guess that the Reserve money market fund breaking the buck will be at the very top of the list, as the ensuing “run on the electronic bank” was precisely the 21st century equivalent of what happened to banks in physical form, during the early days of the Geat Depression. Had the lack of confidence in the system persisted for a few more hours, the entire financial world would have likely collapsed, as was so vividly recalled by Rep. Paul Kanjorski, once a barrage of electronic cash withdrawal requests depleted this primary spoke of the entire shadow economy. Ironically, money market funds are supposed to be the stalwart of safety and security among the plethora of global investment alternatives: one need only to look at their returns to see what the presumed composition of their investments is. A case in point, Fidelity’s $137 billion Cash Reserves fund has a return of 0.61% YTD, truly nothing to write home about, and a return that would have been easily beaten putting one’s money in Treasury Bonds. This is not surprising, as the primary purpose of money markets is to provide virtually instantaneous access to a portfolio of practically risk-free investment alternatives: a typical investor in a money market seeks minute investment risk, no volatility, and instantaneous liquidity, or redeemability. These are the three pillars upon which the entire $3.3 trillion money market industry is based.
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Posted in Corruption, Economy, fascism | Tagged: | Leave a Comment »

More than 1 in 6 Tennesseans on food stamps

Posted by truthpills on 2010/01/06

Posted: Jan 04, 2010 5:56 PM EST
Video Gallery
More Tenn. families turn to food stamps
Need for food stamp assistance grows in Tenn.
More on the Web

Tenn. Dept. of Human Services
Tenn. Dept. of Human Services: Family Assistance Office Locator
Tenn. Dept. of Human Services: Food Stamp Program

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NASHVILLE, Tenn. – More and more Tennesseans are turning to food stamps to make ends meet.

Nearly 1,186,000 Tennesseans, or more than one in six residents, currently receive some kind of food stamp assistance and the number continues to climb.

At the start of each month, the lines are always long at the Department of Human Services’ family assistance office just north of downtown.

News 2 caught up with Kathy Bruce while she waited in line on Monday.

Her husband suffered a massive heart attack two weeks ago and will be out of work for the next two months.

“We can’t live on my paycheck alone so I thought we could at least get help with food,” she told News 2. “When you are down and out, you are willing to go to any lengths to get what you need.”

For Amanda Higgins and her 16-month-old son, food stamps are their sole means of support.

“[Food stamps are] extremely important,” she told News 2. “My son has got to have milk, my son has to have rice, snacks, all the things to eat, and so do I, you can see I am a pretty thin person.”

The staggering 1,186,000 Tennesseans on food stamps today is some 300,000 more than just two years ago.

Between mid-2007 and mid-2009, the number of people receiving assistance grew 66%.

Residents can apply for food stamps at the facility located at 1000 2nd Avenue North or on the Department of Human Services’ Web site.

Residents can also call the department at 615-532-4000.

The Department of Human Services has offices located across Tennessee. Click here to find a location near you.

Posted in Economy | Tagged: | Leave a Comment »

Gold and Guns

Posted by truthpills on 2010/01/06

Doug French
President Ludwig von Mises Institute
Posted Jan 5, 2010

In his extraordinary book Democracy: The God that Failed, Hans Hermann Hoppe points out that the process of civilization is stopped when government continually violates property rights.

The natural process of civilization comes through delaying consumption, saving, and building capital. Undoing it leads to higher societal time preference.

When natural disasters strike or a gunman robs you in an alley, “the effect of these on time preference is temporary and unsystematic,” Hoppe explains.

Victims are entitled to defend themselves against the individual aggressor and prepare themselves for the calamities of the occasional act of God. Resources will be reallocated to defend one against potential robbers, and provisions will be made for potential natural disasters.

However, when government aggresses, it is considered legitimate and “a victim may not legitimately defend himself against such violations.” Democracy legitimizes this government aggression because the violence is sanctioned by a majority of voters.

This decivilization process that Hoppe describes continues in fits and starts. The uneducated continue to live in never-never land, believing that each new ruler means change and that their lives and happiness can safely be put in the hands of a kind and caring government. But government’s current ham-handedness – with its bailouts, money printing, and rights violations – has alerted more than a few individuals to do what comes naturally: defend themselves and prepare for the worst.
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Posted in Economy | Tagged: | Leave a Comment »