Money

The Rest Of The World Is Absolutely Disgusted With Our Big Brother Spying Methods

The WorldThe rest of the world has found out that the U.S. government has been listening to their phone calls and watching what they do on the Internet and they do not like it one bit.  Outrage has been pouring in from all over the planet, and one member of the European Parliament is even comparing the NSA to the Stasi.  But instead of stepping back and reevaluating our Big Brother spying methods now that they have been revealed, Barack Obama and other leading members of Congress are defiantly declaring that there is nothing wrong with these methods and that no changes will be made.  The U.S. government is going to continue to invade the privacy of the citizens of the rest of the world as much as it possibly can, and our leaders don’t seem to really care what the international response is.  And make no mistake – the goal of the U.S. intelligence community is to literally know everything about everyone.  The chief technology officer of the CIA, Gus Hunt, made the following shocking admission back in March: “We fundamentally try to collect everything and hang onto it forever.”  He followed that statement up with this gem: “It is really very nearly within our grasp to be able to compute on all human-generated information.”  In other words, they want it all, and they nearly have the capacity to gather it all already.  So where does this end?  Will the U.S. intelligence community ever be happy until they have every piece of data on every single person on the entire planet?  Do we really want a government that collects “everything” and hangs on to it “forever”?

Thanks to Edward Snowden, the rest of the globe is starting to understand the extent to which the U.S. government has been spying on them.  Needless to say, a lot of people are extremely upset about this.

In Germany (a country that knows a thing or two about Big Brother tactics), some prominent politicians are publicly denouncing the surveillance that the U.S. government has been doing on their citizens.  In fact, one German politician has accused the U.S. of employing “American-style Stasi methods”…

In a guest editorial for Spiegel Online on Tuesday, Justice Minister Sabine Leutheusser-Schnarrenberger said reports that the United States could access and track virtually all forms of Internet communication were “deeply disconcerting” and potentially dangerous.

“The more a society monitors, controls and observes its citizens, the less free it is,” she said.

“The suspicion of excessive surveillance of communication is so alarming that it cannot be ignored. For that reason, openness and clarification by the U.S. administration itself is paramount at this point. All facts must be put on the table.”

Markus Ferber, a member of Merkel’s Bavarian sister party who sits in the European Parliament, went further, accusing Washington of using “American-style Stasi methods”.

In Italy, the government official in charge of data protection, Antonello Soro, said that the surveillance that the NSA is doing “would not be legal in Italy” and would be “contrary to the principles of our legislation and would represent a very serious violation”.

In Russia (another country with a long history of using Big Brother tactics), President Vladimir Putin has expressed significant concern about the NSA spying program and there are even rumors that Russia will be offering asylum to Edward Snowden…

Alexey Pushkov, head of the Duma’s international affairs committee and a vocal US critic, said on Twitter: “By promising asylum to Snowden, Moscow has taken upon itself the protection of those persecuted for political reasons. There will be hysterics in the US. They only recognise this right for themselves.”

He continued: “Listening to telephones and tracking the internet, the US special services broke the laws of their country. In this case, Snowden, like Assange, is a human rights activist.”

But even more important than what foreign politicians think about the NSA spying scandal is what average people all over the globe think.  This scandal is causing millions of average people all over the planet to look at the United States with disgust and disdain.  How can we hold ourselves out as the “defenders of freedom” to the rest of the globe when we are openly telling them that we are going to spy on them as much as we possibly can?  How do we expect the rest of the world to look at us as “the good guys” when we are selfishly grabbing and recording all of their emails, phone calls and Internet searches without any concern for their privacy whatsoever?

What makes all of this even worse is that our top intelligence officials are making jokes about this scandal.  For example, just check out the wisecracks that the Director of National Intelligence, James Clapper, was making at an awards ceremony on Friday…

With the current and past directors of national intelligence at the Omni Shoreham to honor former CIA and National Security Agency chief Michael Hayden, the result in speeches and interviews with intel professionals was a gumbo of outrage, worry and humor.

Director of National Intelligence James Clapper told the black-tie crowd of more than 700 he would “address the elephant in the room” and proceeded, to applause, to denounce “the unauthorized leaks as reprehensible and egregious.” Clapper characterized the program as completely legal, debated and reauthorized by Congress under strict oversight and by court order “to make our nation safe and secure.”

He then cracked a few jokes. “Some of you expressed surprise that I showed up—so many emails to read!” Clapper said. Greeting fellow banqueter John Pistole, the administrator of the Transportation Security Administration who recently reversed a planned policy to permit air travelers to carry certain knives on planes, Clapper said, “John, can I borrow your pocket knife?”

How in the world can he make a joke about reading our emails at a time like this?

This is how arrogant the U.S. intelligence community has become.  They feel like they can do whatever they want and get away with it.

For example, back in March Clapper flat out lied to the U.S. Congress about the surveillance that the NSA is doing.  When he was asked by Senator Ron Wyden if the NSA was collecting any information on the American people, Clapper completely denied it.

The following is from a transcript of that exchange…

“Does the NSA collect any type of data at all on millions or hundreds of millions of Americans?” Oregon Republican Sen. Ron Wyden asked Clapper at the March 12 hearing.

“No, sir,” Clapper responded.

“It does not?” Wyden pressed.

Clapper recanted and said: “Not wittingly. There are cases where they could, inadvertently perhaps, collect — but not wittingly.”

Apparently Clapper must have “forgotten” that the government is forcing all of the big telephone companies to turn over all of their call records to the NSA every single month.

And you know what?  The truth is that the government is not just collecting “metadata” about our phone calls.  The content of our calls is being recorded and stored as well.  Just check out this story from the Blaze…

Hollywood actor Shia LaBeouf in 2008 during an appearance on the Tonight Show with Jay Leno detailed how he learned phone calls were allegedly being recorded.

Promoting the film “Eagle Eye,” which according to IMDb shows how “technology of everyday life [is used] to track and control,” LaBeouf told Leno that an FBI consultant for the movie said one in five phone calls made are recorded and logged.

“And I laughed at him,” LaBeouf said.

“And then he played back a phone conversation I’d had two years prior to joining the picture,” LaBouf continued.

Both Leno and LaBeouf concluded it was “extremely creepy.”

The American people, along with the people of the entire planet, deserve the truth about this.

Unfortunately, Barack Obama is certainly not going to tell us the truth, and there will probably only be a half-hearted effort by some members of Congress to get to the bottom of things.

That is why it is going to be important to take this to court, and thankfully a couple of lawsuits are already in the works.

According to U.S. News & World Report, one of these lawsuits is being filed by a former Justice Department prosecutor…

Former Justice Department prosecutor Larry Klayman amended an existing lawsuit against Verizon and a slew of Obama administration officials Monday to make it the first class-action lawsuit in response to the publication of a secret court order instructing Verizon to hand over all phone records of millions of American customers on an “ongoing, daily basis.”

Klayman told U.S. News he will file a second class-action lawsuit Wednesday in the U.S. District Court for the District of Columbia targeting government officials and each of the nine companies listed in a leaked National Security Agency slideshow as participants in the government’s PRISM program.

And according to USA Today, the ACLU has also filed a lawsuit…

National Security Agency surveillance programs came under more scrutiny Tuesday as the American Civil Liberties Union filed a lawsuit and a prominent senator and Internet giant Google called on the Obama administration to disclose more information.

In its lawsuit, the ACLU said an NSA program that harvests phone calls violates the rights of all Americans.

“The program goes far beyond even the permissive limits set by the Patriot Act and represents a gross infringement of the freedom of association and the right to privacy,” said Jameel Jaffer, the ACLU’s deputy legal director.

Hopefully these lawsuits will reveal more details about the spying that has been taking place.

There is also a “bipartisan coalition” of 86 Internet companies and civil liberties organizations that have sent a letter to Congress demanding action on these issues.  You can read the full letter right here.  Some of the organizations involved include the Electronic Frontier Foundation, Reddit, Mozilla, FreedomWorks, and the Center for Digital Democracy.

Will Congress listen to them?

Probably not.

But at least they are trying to do something about this.

The key will be to get the American people outraged enough about all of this that they won’t forget about it in a week or two.  And that is not an easy thing to do.

There have been a couple of public opinion polls taken over the past few days that show some very curious results.  A Rasmussen survey found that 59 percent of Americans are against the government secretly collecting our phone records and only 26 percent are in favor.  But a Washington Post survey found that 56 percent of Americans consider the collecting of our phone records to be “acceptable” and only 41 percent consider the practice to be “unacceptable”.

How could those two surveys get such wildly different results?

A lot of it is in the way that they ask the questions.

In the end, our politicians don’t really care too much about what the general public thinks anyway.  They are just going to continue to do what they have been doing and the rest of the world will continue to become even more disgusted with us.

We are recklessly destroying our global reputation and our leaders do not even seem to care.  But someday America will need some friends, and when that day arrives we may find that we don’t have too many left.

27 Edward Snowden Quotes About U.S. Government Spying That Should Send A Chill Up Your Spine

Edward SnowdenWould you be willing to give up what Edward Snowden has given up?  He has given up his high paying job, his home, his girlfriend, his family, his future and his freedom just to expose the monolithic spy machinery that the U.S. government has been secretly building to the world.  He says that he does not want to live in a world where there isn’t any privacy.  He says that he does not want to live in a world where everything that he says and does is recorded.  Thanks to Snowden, we now know that the U.S. government has been spying on us to a degree that most people would have never even dared to imagine.  Up until now, the general public has known very little about the U.S. government spy grid that knows almost everything about us.  But making this information public is going to cost Edward Snowden everything.  Essentially, his previous life is now totally over.  And if the U.S. government gets their hands on him, he will be very fortunate if he only has to spend the next several decades rotting in some horrible prison somewhere.  There is a reason why government whistleblowers are so rare.  And most Americans are so apathetic that they wouldn’t even give up watching their favorite television show for a single evening to do something good for society.  Most Americans never even try to make a difference because they do not believe that it will benefit them personally.  Meanwhile, our society continues to fall apart all around us.  Hopefully the great sacrifice that Edward Snowden has made will not be in vain.  Hopefully people will carefully consider what he has tried to share with the world.  The following are 27 quotes from Edward Snowden about U.S. government spying that should send a chill up your spine…

#1 “The majority of people in developed countries spend at least some time interacting with the Internet, and Governments are abusing that necessity in secret to extend their powers beyond what is necessary and appropriate.”

#2 “…I believe that at this point in history, the greatest danger to our freedom and way of life comes from the reasonable fear of omniscient State powers kept in check by nothing more than policy documents.”

#3 “The government has granted itself power it is not entitled to. There is no public oversight. The result is people like myself have the latitude to go further than they are allowed to.”

#4 “…I can’t in good conscience allow the US government to destroy privacy, internet freedom and basic liberties for people around the world with this massive surveillance machine they’re secretly building.”

#5 “The NSA has built an infrastructure that allows it to intercept almost everything.”

#6 “With this capability, the vast majority of human communications are automatically ingested without targeting. If I wanted to see your e-mails or your wife’s phone, all I have to do is use intercepts. I can get your e-mails, passwords, phone records, credit cards.”

#7 “Any analyst at any time can target anyone. Any selector, anywhere… I, sitting at my desk, certainly had the authorities to wiretap anyone, from you or your accountant, to a federal judge, to even the President…”

#8 “To do that, the NSA specifically targets the communications of everyone. It ingests them by default. It collects them in its system and it filters them and it analyzes them and it measures them and it stores them for periods of time simply because that’s the easiest, most efficient and most valuable way to achieve these ends. So while they may be intending to target someone associated with a foreign government, or someone that they suspect of terrorism, they are collecting YOUR communications to do so.”

#9 “I believe that when [senator Ron] Wyden and [senator Mark] Udall asked about the scale of this, they [the NSA] said it did not have the tools to provide an answer. We do have the tools and I have maps showing where people have been scrutinized most. We collect more digital communications from America than we do from the Russians.”

#10 “…they are intent on making every conversation and every form of behavior in the world known to them.”

#11 “Even if you’re not doing anything wrong, you’re being watched and recorded. …it’s getting to the point where you don’t have to have done anything wrong, you simply have to eventually fall under suspicion from somebody, even by a wrong call, and then they can use this system to go back in time and scrutinize every decision you’ve ever made, every friend you’ve ever discussed something with, and attack you on that basis, to sort of derive suspicion from an innocent life.”

#12 “Allowing the U.S. government to intimidate its people with threats of retaliation for revealing wrongdoing is contrary to the public interest.”

#13 “Everyone everywhere now understands how bad things have gotten — and they’re talking about it. They have the power to decide for themselves whether they are willing to sacrifice their privacy to the surveillance state.”

#14 “I do not want to live in a world where everything I do and say is recorded. That is not something I am willing to support or live under.”

#15 “I don’t want to live in a world where there’s no privacy, and therefore no room for intellectual exploration and creativity.”

#16 “I have no intention of hiding who I am because I know I have done nothing wrong.”

#17 “I had been looking for leaders, but I realized that leadership is about being the first to act.”

#18 “There are more important things than money. If I were motivated by money, I could have sold these documents to any number of countries and gotten very rich.”

#19 “The great fear that I have regarding the outcome for America of these disclosures is that nothing will change. [People] won’t be willing to take the risks necessary to stand up and fight to change things… And in the months ahead, the years ahead, it’s only going to get worse. [The NSA will] say that… because of the crisis, the dangers that we face in the world, some new and unpredicted threat, we need more authority, we need more power, and there will be nothing the people can do at that point to oppose it. And it will be turnkey tyranny.”

#20 “I will be satisfied if the federation of secret law, unequal pardon and irresistible executive powers that rule the world that I love are revealed even for an instant.”

#21 “You can’t come up against the world’s most powerful intelligence agencies and not accept the risk.”

#22 “I know the media likes to personalize political debates, and I know the government will demonize me.”

#23 “We have got a CIA station just up the road – the consulate here in Hong Kong – and I am sure they are going to be busy for the next week. And that is a concern I will live with for the rest of my life, however long that happens to be.”

#24 “I understand that I will be made to suffer for my actions, and that the return of this information to the public marks my end.”

#25 “There’s no saving me.”

#26 “The only thing I fear is the harmful effects on my family, who I won’t be able to help any more. That’s what keeps me up at night.”

#27 “I do not expect to see home again.”

Would you make the same choice that Edward Snowden made?  Most Americans would not.  One CNN reporter says that he really admires Snowden because he has tried to get insiders to come forward with details about government spying for years, but none of them were ever willing to…

As a digital technology writer, I have had more than one former student and colleague tell me about digital switchers they have serviced through which calls and data are diverted to government servers or the big data algorithms they’ve written to be used on our e-mails by intelligence agencies. I always begged them to write about it or to let me do so while protecting their identities. They refused to come forward and believed my efforts to shield them would be futile. “I don’t want to lose my security clearance. Or my freedom,” one told me.

And if the U.S. government has anything to say about it, Snowden is most definitely going to pay for what he has done.  In fact, according to the Daily Beast, a directorate known as “the Q Group” is already hunting Snowden down…

The people who began chasing Snowden work for the Associate Directorate for Security and Counterintelligence, according to former U.S. intelligence officers who spoke on condition of anonymity. The directorate, sometimes known as “the Q Group,” is continuing to track Snowden now that he’s outed himself as The Guardian’s source, according to the intelligence officers.

If Snowden is not already under the protection of some foreign government (such as China), it will just be a matter of time before U.S. government agents get him.

And how will they treat him once they find him?  Well, one reporter overheard a group of U.S. intelligence officials talking about how Edward Snowden should be “disappeared”.  The following is from a Daily Mail article that was posted on Monday…

A group of intelligence officials were overheard yesterday discussing how the National Security Agency worker who leaked sensitive documents to a reporter last week should be ‘disappeared.’

Foreign policy analyst and editor at large of The Atlantic, Steve Clemons, tweeted about the ‘disturbing’ conversation after listening in to four men who were sitting near him as he waited for a flight at Washington’s Dulles airport.

‘In Dulles UAL lounge listening to 4 US intel officials saying loudly leaker & reporter on #NSA stuff should be disappeared recorded a bit,’ he tweeted at 8:42 a.m. on Saturday.

According to Clemons, the men had been attending an event hosted by the Intelligence and National Security Alliance.

As an American, I am deeply disturbed that the U.S. government is embarrassing itself in front of the rest of the world like this.

The fact that we are collecting trillions of pieces of information on people all over the planet is a massive embarrassment and the fact that our politicians are defending this practice now that it has been exposed is a massive embarrassment.

If the U.S. government continues to act like a Big Brother police state, then the rest of the world will eventually conclude that is exactly what we are.  At that point we become the “bad guy” and we lose all credibility with the rest of the planet.

How Has The U.S. Government Been Getting User Data From Major Internet Companies?

Prism****IMPORTANT UPDATE****  Apparently the big Internet companies are not as “innocent” in all of this as they originally led us to believe.  So this additional information changes some of the conclusions that I reached in my original article.  It appears that some of the biggest Internet companies have been cooperating with the government in this data collection effort at least to a certain extent.  The following is from an article in the New York Times that describes how the U.S. government has been getting user data from major Internet companies…

The companies that negotiated with the government include Google, which owns YouTube; Microsoft, which owns Hotmail and Skype; Yahoo; Facebook; AOL; Apple; and Paltalk, according to one of the people briefed on the discussions. The companies were legally required to share the data under the Foreign Intelligence Surveillance Act. People briefed on the discussions spoke on the condition of anonymity because they are prohibited by law from discussing the content of FISA requests or even acknowledging their existence.

In at least two cases, at Google and Facebook, one of the plans discussed was to build separate, secure portals, like a digital version of the secure physical rooms that have long existed for classified information, in some instances on company servers. Through these online rooms, the government would request data, companies would deposit it and the government would retrieve it, people briefed on the discussions said.

****END OF UPDATE****

The U.S. government has been hacking in to the servers of Microsoft, Yahoo, Google, Facebook, PalTalk, AOL, Skype, YouTube and Apple and has been taking their user data without their knowledge or consent.  According to the Washington Post, the information being stolen includes “audio and video chats, photographs, e-mails, documents, and connection logs”.  This program is known as PRISM, and it was first revealed by the Washington Post on Thursday.  Since the story broke, Director of National Intelligence James Clapper has admitted that PRISM exists and so has Barack Obama.  The Washington Post initially claimed that all of the Internet companies were willingly handing over their user data to the government.  Now we are learning that is NOT true.  In fact, all of the Internet companies named in the Washington Post story have denied knowing about PRISM or ever giving the federal government permission to directly access their servers.  So this means that the U.S. government has been stealing massive amounts of user data from the largest Internet companies in the world without their permission.  Of course this is highly illegal and it directly violates the Fourth Amendment to the U.S. Constitution, but you can bet that the Obama administration is going to do everything that it can to get the courts to “make it legal”.  Hopefully the revelation of this program will be enough to get the American people to realize that we are rapidly being transformed into a Big Brother police state that is descending into tyranny.

Barack Obama has described the systematic gathering of cell phone records and the Internet spying that the federal government has been doing as “modest encroachments” that we should all just accept as part of the price of living in a modern world, but if we allow the government to get away with this, where will it end?

Even if we had a total “Big Brother” society where the government watched everything that we did 24 hours a day, bad people would still do bad things.  There would still be terror attacks and great tragedies.  No matter how much the government intrudes into our lives, it can never guarantee us 100% safety.

Those that founded the United States understood this.  They did not want this country to be turned into a police state.  That is why they guaranteed us some very important protections in the Bill of Rights.  If the government wants to do a search, there are some very important procedures that must be followed first.

Unfortunately, the Obama administration appears to believe that the Constitution does not apply to user data on the Internet.  The NSA is apparently hacking into Microsoft, Yahoo, Google, Facebook, PalTalk, AOL, Skype, YouTube and Apple and taking whatever they want without ever getting permission from those companies.

You can bet that there are some very, very angry executives at those companies right now that are trying to figure out how to respond to these revelations.

All of these companies have vehemently denied that they were involved.  At this point, there is no reason to doubt their very strong denials.

For example, the following is what Larry Page, the CEO of Google and David Drummond, the Chief Legal Officer of Google wrote in a message to Google users on Friday…

Dear Google users—

You may be aware of press reports alleging that Internet companies have joined a secret U.S. government program called PRISM to give the National Security Agency direct access to our servers. As Google’s CEO and Chief Legal Officer, we wanted you to have the facts.

First, we have not joined any program that would give the U.S. government—or any other government—direct access to our servers. Indeed, the U.S. government does not have direct access or a “back door” to the information stored in our data centers. We had not heard of a program called PRISM until yesterday.

Second, we provide user data to governments only in accordance with the law. Our legal team reviews each and every request, and frequently pushes back when requests are overly broad or don’t follow the correct process. Press reports that suggest that Google is providing open-ended access to our users’ data are false, period. Until this week’s reports, we had never heard of the broad type of order that Verizon received—an order that appears to have required them to hand over millions of users’ call records. We were very surprised to learn that such broad orders exist. Any suggestion that Google is disclosing information about our users’ Internet activity on such a scale is completely false.

Finally, this episode confirms what we have long believed—there needs to be a more transparent approach. Google has worked hard, within the confines of the current laws, to be open about the data requests we receive. We post this information on our Transparency Report whenever possible. We were the first company to do this. And, of course, we understand that the U.S. and other governments need to take action to protect their citizens’ safety—including sometimes by using surveillance. But the level of secrecy around the current legal procedures undermines the freedoms we all cherish.

Facebook CEO Mark Zuckerberg has issued a similar denial.  He insists that Facebook never even heard of PRISM until Thursday…

I want to respond personally to the outrageous press reports about PRISM:

Facebook is not and has never been part of any program to give the US or any other government direct access to our servers. We have never received a blanket request or court order from any government agency asking for information or metadata in bulk, like the one Verizon reportedly received. And if we did, we would fight it aggressively. We hadn’t even heard of PRISM before yesterday.

When governments ask Facebook for data, we review each request carefully to make sure they always follow the correct processes and all applicable laws, and then only provide the information if is required by law. We will continue fighting aggressively to keep your information safe and secure.

We strongly encourage all governments to be much more transparent about all programs aimed at keeping the public safe. It’s the only way to protect everyone’s civil liberties and create the safe and free society we all want over the long term.

So how has the U.S. government been getting this user data if they do not have the cooperation of these large Internet companies?

They have been stealing it.

Is this the kind of society that we want to have?  Do we really want the government to be free to hack into the servers of Internet companies and take user data any time that it wants?

And guess what?

According to the Wall Street Journal, the NSA has also been gathering massive amounts of credit card data as well…

The National Security Agency’s monitoring of Americans includes customer records from the three major phone networks as well as emails and Web searches, and the agency also has cataloged credit-card transactions, said people familiar with the agency’s activities.

So if you ever bought something embarrassing with a credit card, there is a very good chance that the NSA knows about it.

If you don’t like where all of this is headed, then now is the time to stand up and say something about it.

Sadly, the truth is that most of our politicians see absolutely nothing wrong with our current system.  The following is what Barack Obama said in response to the recent revelations about the NSA…

“You can’t have 100 percent security and also then have 100 percent privacy and zero inconvenience. We’re going to have to make some choices as a society,” he said. “I think that on balance, we have established a policy and a procedure that the American people should feel comfortable with.”

Do you feel comfortable with the fact that the NSA is hacking into major Internet companies and stealing their user data?

I know that I definitely am not.

I think that the journalist that originally broke the story about how the government is systematically gathering our phone records summed up what many of us are feeling right now pretty well…

“There is a massive apparatus within the United States government that with complete secrecy has been building this enormous structure that has only one goal, and that is to destroy privacy and anonymity, not just in the United States but around the world,” charged Glenn Greenwald, a reporter for the British newspaper “The Guardian,” speaking on CNN. “That is not hyperbole. That is their objective.”

What do you think?

Is all of this government spying good for America or bad for America?

Please feel free to share your opinion by posting a comment below…

 

Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

The United States - A Colony Of ChinaAre you ready for a future where China will employ millions of American workers and dominate thousands of small communities all over the United States?  Such a future would be unimaginable to many Americans, but the truth is that it is already starting to happen.  Chinese acquisition of U.S. businesses set a new all-time record last year, and it is on pace to absolutely shatter that record this year.  Meanwhile, China is voraciously gobbling up real estate and is establishing economic beachheads all over America.  If China continues to build economic power inside the United States, it will eventually become the dominant economic force in thousands of small communities all over the nation.  Just think about what the Smithfield Foods acquisition alone will mean.  Smithfield Foods is the largest pork producer and processor in the world.  It has facilities in 26 U.S. states and it employs tens of thousands of Americans.  It directly owns 460 farms and has contracts with approximately 2,100 others.  But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America.  If you don’t think that this is important, you haven’t been paying much attention to what has been going on in the world.  Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend.  They are only just starting to exercise their economic muscles.

And it is important to keep in mind that there is often not much of a difference between “the Chinese government” and “Chinese corporations”.  In 2011, 43 percent of all profits in China were produced by companies that the Chinese government had a controlling interest in.  Americans are accustomed to thinking of “government” and “business” as being separate things, but in China they are often one and the same.  Even when there is a separation in ownership, the reality is that no major Chinese corporation is going to go against the authority and guidance of the Chinese government.  The relationship between government and business in China is much different than it is in the United States.

Over the past several years, Chinese companies have become increasingly aggressive.  Last year a Chinese company spent $2.6 billion to purchase AMC entertainment – one of the largest movie theater chains in the United States.  Now that Chinese company controls more movie ticket sales than anyone else in the world.  At the time, that was the largest acquisition of a U.S. firm by a Chinese company, but now the Smithfield Foods deal has greatly surpassed that.

But China is not just relying on acquisitions to expand its economic power.  The truth is that “economic beachheads” are being established all over America.  For example, Golden Dragon Precise Copper Tube Group, Inc. recently broke ground on a $100 million plant in Thomasville, Alabama.  I am sure that many of the residents of Thomasville, Alabama will be glad to have jobs, but it will also become yet another community that will now be heavily dependent on communist China.

And guess where else Chinese companies are putting down roots?

Detroit.

Yes, the poster child for the deindustrialization of America is being invaded by the Chinese.  The following comes from a recent CNBC article…

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

If you recently purchased an “American-made vehicle”, there is a really good chance that it has Chinese parts in it.

In fact, it is becoming harder and harder to get auto parts that are actually made in America by American companies.  A lot of those companies are dying off.  One example of this is a battery maker that had received $132 million from the federal government that was recently gobbled up by a huge Chinese corporation…

Industry analysts are hard-pressed to put a number on the Chinese suppliers operating in the United States. “We simply don’t know how many there are,” said David Andrea, an official with the Original Equipment Suppliers Association, a trade organization for auto parts makers.

In one of the more prominent deals, the Wanxiang Group bought most of the assets of the battery maker A123 Systems, which filed for bankruptcy last year despite receiving $132 million of $249 million in federal grants to build two factories in Michigan.

Congressional Republicans criticized the deal, saying A123’s technology could support military applications in China. Still, the buyout was approved this year by the Committee on Foreign Investment in the United States, a federal government panel.

China seems particularly interested in acquiring energy resources in the United States.  For example, did you know that China is actually mining for coal in the mountains of Tennessee?

Guizhou Gouchuang Energy Holdings Group spent 616 million dollars to acquire Triple H Coal Co. in Jacksboro, Tennessee.  At the time, that acquisition really didn’t make much news, but now a group of conservatives in Tennessee is trying to stop the Chinese from blowing up their mountains and taking their coal.  The following is from a Wall Street Journal article back in March…

The Tennessee Conservative Union began airing an ad Tuesday that says lawmakers have failed to protect the state’s scenic mountains and are allowing the “Chinese to destroy our mountains and take our coal…the same folks who hold our debt.”

But when it comes to our energy resources, China has been most interested in our oil and natural gas.  It is a complete and total mystery why the federal government would allow China to buy up our precious domestic sources of energy, but it is happening.  The following is a list of some of the oil and natural gas deals that China has been involved in during the last few years that was compiled by the Wall Street Journal…

Colorado: Cnooc gained a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming in a $1.27 billion pact with Chesapeake Energy Corp.

Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.

Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.

Ohio: Sinopec acquired a one-third stake in Devon Energy’s 235,000 Utica Shale acres in a larger $2.5 billion deal.

Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.

Texas: Cnooc acquired a one-third interest in Chesapeake Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.

Wyoming: Cnooc has a one-third stake in 800,000 acres in northeast Colorado and southeast Wyoming after a $1.27 billion pact with Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy’s 320,000 acres as part of a larger $2.5 billion deal.

Gulf of Mexico: Cnooc Ltd. separately acquired minority stakes in some of Statoil ASA’s leases as well as six of Nexen Inc.’s deep-water wells.

How could we be so stupid?

Sadly, as our politicians endlessly bicker China just continues to aggressively push ahead.

And pretty soon China may want to build entire cities in the United States just like they have been doing in other countries.  According to Bloomberg, right now China is actually building a city larger than Manhattan just outside of the capital of Belarus…

China is building an entire city in the forests near the Belarusian capital Minsk to create a manufacturing springboard between the European Union and Russia.

Belarusian President Aleksandr Lukashenko allotted an area 40 percent larger than Manhattan around Minsk’s international airport for the $5 billion development, which will include enough housing to accommodate 155,000 people, according to Chinese and Belarusian officials.

And this is actually already happening on a much smaller scale in this country.  For example, as I have written about previously, a Chinese company known as “Sino-Michigan Properties LLC” has purchased 200 acres of land near the little town of Milan, Michigan.  Their stated goal is to construct a “China City” that has artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.

In other cases, large chunks of real estate in the middle of major U.S. cities are being gobbled up by Chinese “investors”.  Just check out what a Fortune article from a while back says has been happening in Toledo, Ohio…

In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city’s Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.

Are you starting to get the picture?

China is on the rise and America is in decline.  If you doubt this, just read the following list of facts which comes from one of my previous articles entitled “40 Ways That China Is Beating America“…

#1 As I mentioned above, when you total up all imports and exports of goods, China is now the number one trading nation on the entire planet.

#2 During 2012, we sold about 110 billion dollars worth of stuff to the Chinese, but they sold about 425 billion dollars worth of stuff to us.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#3 Overall, the U.S. has run a trade deficit with China over the past decade that comes to more than 2.3 trillion dollars.

#4 China now has the largest new car market in the entire world.

#5 China has more foreign currency reserves than anyone else on the planet.

#6 China is the number one gold producer in the world.

#7 China is also the number one gold importer in the world.

#8 The uniforms for the U.S. Olympic team were made in China.

#9 85 percent of all artificial Christmas trees are made in China.

#10 The new World Trade Center tower is going to include glass that has been imported from China.

#11 The new Martin Luther King memorial on the National Mall was made in China.

#12 One of the reasons it is so hard to export stuff to China is because of their tariffs.  According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#13 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.

#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#15 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#16 Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

#17 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#18 China now produces more than twice as many automobiles as the United States does.

#19 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#20 After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government.  The price for entering into many of these “joint ventures” was a transfer of “state of the art technology” from General Motors to the communist Chinese.

#21 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#22 The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.

#23 China’s number one export to the U.S. is computer equipment, but the number one U.S. export to China is “scrap and trash”.

#24 The U.S. trade deficit with China is now more than 30 times larger than it was back in 1990.

#25 China now consumes more energy than the United States does.

#26 China is now the leading manufacturer of goods in the entire world.

#27 China uses more cement than the rest of the world combined.

#28 China is now the number one producer of wind and solar power on the entire globe.

#29 There are more pigs in China than in the next 43 pork producing nations combined.

#30 Today, China produces nearly twice as much beer as the United States does.

#31 Right now, China is producing more than three times as much coal as the United States does.

#33 China now produces 11 times as much steel as the United States does.

#34 China produces more than 90 percent of the global supply of rare earth elements.

#35 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#36 A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

#37 15 years ago, China was 14th in the world in published scientific research articles.  But now, China is expected to pass the United States and become number one very shortly.

#38 China now awards more doctoral degrees in engineering each year than the United States does.

#39 The average household debt load in the United States is 136% of average household income.  In China, the average household debt load is 17% of average household income.

#40 The Chinese have begun to buy up huge amounts of U.S. real estate.  In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.

And what we have seen so far may just be the tip of the iceberg as far as Chinese “investment” in U.S. real estate is concerned.  The following is a brief excerpt from a Bloomberg article that was posted just last week…

China is studying the possibility of investing a portion of its $3.4 trillion in foreign-exchange reserves in U.S. real estate, said two people with direct knowledge of the situation.

The State Administration of Foreign Exchange began the study after seeing signs of a recovery in the U.S. property market, said the people, who asked not to be identified as they weren’t authorized to speak publicly about the matter. China may acquire properties, invest in real estate funds or buy stakes in property companies, they said. The safety of the investments will be the top priority, said the people, who didn’t elaborate on a timetable or other details.

So what can we do about all of this?

Unfortunately, not a whole lot.  Both major political parties seem to be fully convinced that merging our economy with the economy of communist China is a great idea.  I would not expect major changes in our policies regarding China any time soon.

For now, I will just leave you with one piece of advice…

Learn to speak Chinese.  You might need it someday.

Is China Going To Dominate America?

20 Completely Ridiculous College Courses Being Offered At U.S. Universities

Lady Gaga In Toronto - Why Would U.S. College Students Study This In Class? - Photo by Robbie VWould you like to know what America’s young people are actually learning while they are away at college?  It isn’t pretty.  Yes, there are some very highly technical fields where students are being taught some very important skills, but for the most part U.S. college students are learning very little that they will actually use out in the real world when they graduate.  Some of the college courses listed below are funny, others are truly bizarre, others are just plain outrageous, but all of them are a waste of money.  If we are going to continue to have a system where we insist that our young people invest several years of their lives and tens of thousands of dollars getting a “college education”, they might as well be learning some useful skills in the process.  This is especially true considering how much student loan debt many of our young people are piling up.  Sadly, the truth is that right now college education in the United States is a total joke.  I know – I spent eight years in the system.  Most college courses are so easy that they could be passed by the family dog, and many of these courses “study” some of the most absurd things imaginable.

Listed below are 20 completely ridiculous college courses being offered at U.S. universities.  The description following each course title either comes directly from the official course description or from a news story about the course…

1. “What If Harry Potter Is Real?” (Appalachian State University) – This course will engage students with questions about the very nature of history. Who decides what history is? Who decides how it is used or mis-used? How does this use or misuse affect us? How can the historical imagination inform literature and fantasy? How can fantasy reshape how we look at history? The Harry Potter novels and films are fertile ground for exploring all of these deeper questions. By looking at the actual geography of the novels, real and imagined historical events portrayed in the novels, the reactions of scholars in all the social sciences to the novels, and the world-wide frenzy inspired by them, students will examine issues of race, class, gender, time, place, the uses of space and movement, the role of multiculturalism in history as well as how to read a novel and how to read scholarly essays to get the most out of them.

2. “God, Sex, Chocolate: Desire and the Spiritual Path” (UC San Diego) – Who shapes our desire? Who suffers for it? Do we control our desire or does desire control us? When we yield to desire, do we become more fully ourselves or must we deny it to find an authentic identity beneath? How have religious & philosophical approaches dealt with the problem of desire?

3. “GaGa for Gaga: Sex, Gender, and Identity” (The University Of Virginia) – In Graduate Arts & Sciences student Christa Romanosky’s ongoing ENWR 1510 class, “GaGa for Gaga: Sex, Gender, and Identity,” students analyze how the musician pushes social boundaries with her work. For this introductory course to argumentative essay writing, Romanosky chose the Lady Gaga theme to establish an engaging framework for critical analysis.

4. “Lady Gaga and the Sociology of Fame” (The University Of South Carolina) – Lady Gaga may not have much class but now there is a class on her. The University of South Carolina is offering a class called Lady Gaga and the Sociology of Fame.  Mathieu Deflem, the professor teaching the course describes it as aiming to “unravel some of the sociologically relevant dimensions of the fame of Lady Gaga with respect to her music, videos, fashion, and other artistic endeavours.”

5. “Philosophy And Star Trek” (Georgetown) – Star Trek is very philosophical. What better way, then, to learn philosophy, than to watch Star Trek, read philosophy, and hash it all out in class? That’s the plan. This course is basically an introduction to certain topics in metaphysics and epistemology philosophy, centered around major philosophical questions that come up again and again in Star Trek. In conjunction with watching Star Trek, we will read excerpts from the writings of great philosophers, extract key concepts and arguments and then analyze those arguments.

6. “Invented Languages: Klingon and Beyond” (The University Of Texas) – Why would anyone want to learn Klingon?

7. “The Science Of Superheroes” (UC Irvine) – Have you ever wondered if Superman could really bend steel bars? Would a “gamma ray” accident turn you into the Hulk? What is a “spidey-sense”? And just who did think of all these superheroes and their powers? In this seminar, we discuss the science (or lack of science) behind many of the most famous superheroes. Even more amazing, we will discuss what kind of superheroes might be imagined using our current scientific understanding.

8. “Learning From YouTube” (Pitzer College) – About 35 students meet in a classroom but work mostly online, where they view YouTube content and post their comments.  Class lessons also are posted and students are encouraged to post videos. One class member, for instance, posted a 1:36-minute video of himself juggling.

9. “Arguing with Judge Judy” (UC Berkeley) – TV “Judge” shows have become extremely popular in the last 3-5 years. A fascinating aspect of these shows from a rhetorical point of view is the number of arguments made by the litigants that are utterly illogical, or perversions of standard logic, and yet are used over and over again. For example, when asked “Did you hit the plaintiff?” respondents often say, “If I woulda hit him, he’d be dead!” This reply avoids answering “yes” or “no” by presenting a perverted form of the logical strategy called “a fortiori” argument [“from the stronger”] in Latin. The seminar will be concerned with identifying such apparently popular logical fallacies on “Judge Judy” and “The People’s Court” and discussing why such strategies are so widespread. It is NOT a course about law or “legal reasoning.” Students who are interested in logic, argument, TV, and American popular culture will probably be interested in this course. I emphasize that it is NOT about the application of law or the operations of the court system in general.

10. “Elvis As Anthology” (The University Of Iowa) – The class, “Elvis as Anthology,” focuses on Presley’s relationship to African American history, social change, and aesthetics. It focuses not just on Elvis, but on other artists who inspired him and whom he inspired.

11. “The Feminist Critique Of Christianity” (The University Of Pennsylvania) – An overview of the past decades of feminist scholarship about Christian and post-Christian historians and theologians who offer a feminist perspective on traditional Christian theology and practice. This course is a critical overview of this material, presented with a summary of Christian biblical studies, history and theology, and with a special interest in constructive attempts at creating a spiritual tradition with women’s experience at the center.

12. “Zombies In Popular Media” (Columbia College) – This course explores the history, significance, and representation of the zombie as a figure in horror and fantasy texts. Instruction follows an intense schedule, using critical theory and source media (literature, comics, and films) to spur discussion and exploration of the figure’s many incarnations. Daily assignments focus on reflection and commentary, while final projects foster thoughtful connections between student disciplines and the figure of the zombie.

13. “Far Side Entomology” (Oregon State) – For the last 20 years, a scientist at Oregon State University has used Gary Larson’s cartoons as a teaching tool. The result has been a generation of students learning — and laughing — about insects.

14. “Interrogating Gender: Centuries of Dramatic Cross-Dressing” (Swarthmore) – Do clothes make the man? Or the woman? Do men make better women? Or women better men? Is gender a costume we put on and take off? Are we really all always in drag? Does gender-bending lead to transcendence or chaos? These questions and their ramifications for liminalities of race, nationality and sexuality will be our focus in a course that examines dramatic works from The Bacchae to M. Butterfly.

15. “Oh, Look, a Chicken!” Embracing Distraction as a Way of Knowing (Belmont University) – Students must write papers using their personal research on the five senses. Entsminger reads aloud illustrated books The Simple People and Toby’s Toe to teach lessons about what to value by being alive. Students listen to music while doodling in class. Another project requires students to put themselves in situations where they will be distracted and write a reflection tracking how they got back to their original intent.

16. “The Textual Appeal of Tupac Shakur” (University of Washington) – The UW is not the first college with a class dedicated to Shakur — classes on the rapper have been offered at the University of California Berkeley and Harvard — but it is the first to relate Shakur’s work to literature.

17. “Cyberporn And Society” (State University of New York at Buffalo) – With classwork like this, who needs to play? Undergraduates taking Cyberporn and Society at the State University of New York at Buffalo survey Internet porn sites.

18. “Sport For The Spectator” (The Ohio State University) – Develop an appreciation of sport as a spectacle, social event, recreational pursuit, business, and entertainment. Develop the ability to identify issues that affect the sport and spectator behavior.

19. “Getting Dressed” (Princeton) – Jenna Weissman Joselit looks over the roomful of freshmen in front of her and asks them to perform a warm-up exercise: Chart the major moments of your lives through clothes. “If you pop open your closet, can you recall your lives?” she posits on the first day of the freshman seminar “Getting Dressed.”

20. “How To Watch Television” (Montclair) – This course, open to both broadcasting majors and non-majors, is about analyzing television in the ways and to the extent to which it needs to be understood by its audience. The aim is for students to critically evaluate the role and impact of television in their lives as well as in the life of the culture. The means to achieve this aim is an approach that combines media theory and criticism with media education.

Are you starting to understand why our college graduates can’t function effectively when they graduate and go out into the real world?

All of this would be completely hilarious if not for the fact that we have millions of young people going into enormous amounts of debt to pay to go to these colleges.

In America today, college education has become a giant money making scam.  We have a system that absolutely throws money at our young people, but we never warn them about the consequences of all of these loans.  The following is an excerpt from an email that one reader sent me recently about the student loan industry…

For example, one woman told me that her and her husband sat down and thought of every possible expense they could when they were applying for parent/student loan for their daughter. When the approval came back, they were approved for 7k more than they asked for…how about ****! Of course at 7%, why not! Funny thing is they kept the 7k, because she’s in wealth management and said she could “easily” get more than 7% in the stock market……awesome! I have another example of a younger friend of mine who graduated law school from Vanderbilt with 210k in student loans. I asked if tuition was that much there. She said kind of, but they kept offering more than the actual tuition, so she took it and used it for a better lifestyle. Now 20% of her income goes to pay those loans, and it’s still not enough to touch one dollar of the principal…so all she is doing is paying interest, and building on principal…like a revers amortizing mortgage. To make it worse, she was able to save 25k, so she is going to buy a house somehow. Having explained to her that the best investment in the world is to pay off a high interest loan, she said I’m tired of waiting to have a life.

In a recent article entitled “The Student Loan Delinquency Rate In The United States Has Hit A Brand New Record High” I detailed how nightmarish our student loan debt bubble is becoming.  According to the Federal Reserve, the total amount of student loan debt has risen by 275 percent since 2003, and it just continues to soar.

A college education can be a wonderful thing, but right now we have got a system that is deeply, deeply broken.

So what do you think about our system of higher education?

Please feel free to express your opinion by posting a comment below…

The Student Loan Delinquency Rate In The United States Has Hit A Brand New Record High

College Graduation - Photo by Mando vzl37 million Americans currently have outstanding student loans, and the delinquency rate on those student loans has now reached a level never seen before.  According to a new report that was just released by the U.S. Department of Education, 11 percent of all student loans are at least 90 days delinquent.  That is a brand new record high, and it is almost double the rate of a decade ago.  Total student loan debt exceeds a trillion dollars, and it is now the second largest category of consumer debt after home mortgages.  The student loan debt bubble has been growing particularly rapidly in recent years.  According to the Federal Reserve, the total amount of student loan debt has risen by 275 percent since 2003.  That is a staggering figure.  Millions upon millions of young college graduates are entering the “real world” only to discover that they are already financially crippled for decades to come by oppressive student loan debt burdens.  Large numbers of young people are even putting off buying homes or getting married simply because of student loan debt.

So why is this happening?  Well, a big part of the problem is that the cost of college tuition has gotten wildly out of control.  Since 1978, the cost of college tuition has risen even more rapidly then the cost of medical care has.  Tuition costs at public universities have risen by 27 percent over the past five years, and there appears to be no end in sight.

We keep encouraging our young people to take out all of the loans that are necessary to pay for college, because a college education is supposedly the “key” to their futures.

But is that really the case?

Sadly, the reality of the matter is that millions of young Americans are graduating from college only to discover that the jobs that they were promised simply do not exist.

In fact, at this point about half of all college graduates are working jobs that do not even require a college degree.

This is leading to mass disillusionment with the system.  One survey found that 70% of all college graduates wish that they had spent more time preparing for the “real world” while they were still in college.

And because so many of them cannot get decent jobs, more college graduates then ever are finding that they cannot pay back the huge student loans that they were encouraged to sign up for.  The following is from a recent Bloomberg article.

Eleven percent of student loans were seriously delinquent — at least 90 days past due — in the third quarter of 2012, compared with 6 percent in the first quarter of 2003, according to the report by the U.S. Education Department.  Almost 30 percent of 20- to 24-year-olds aren’t employed or in school, the study found.

Everyone agrees that we are now dealing with an unprecedented student loan debt bubble, but none of our leaders seem to have any solutions.

The two charts posted below come from a recent Zero Hedge article, and they are very illuminating.  The first chart shows how the amount of student loan debt owned by the federal government has absolutely exploded in recent years, and the second chart shows how the percentage of student loan debt that is at least 90 days delinquent has risen to a brand new record high…

Delinquent Student Loans - Zero Hedge Chart

How is the economy ever going to recover if an increasingly large percentage of our young college graduates are financially crippled by student loan debt?

And things are about to get even worse.

If Congress takes no action, the interest rate on federal student loans is going to double to 6.8 percent on July 1st.  That rate increase would affect more than 7 million students.

And debt burdens just continue to increase in size.  In fact, according to one recent study, “70 per cent of the class of 2013 is graduating with college-related debt – averaging $35,200 – including federal, state and private loans, as well as debt owed to family and accumulated through credit cards.”

This is one reason why there is so much poverty among young adults in America today.  As I mentioned in a previous article, families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.  For much more on the student loan debt bubble and how it is crippling an entire generation of Americans, please see my recent article entitled “29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam“.

And of course delinquency rates remain very high on other forms of debt as well.  For example, delinquency rates on home mortgages have typically been around 2 to 3 percent historically.  But as you can see from the chart below, the delinquency rate on single-family residential mortgages is currently close to 10 percent…

Delinquency Rate On Single-Family Residential Mortgages

So are we really having an “economic recovery”?

Of course not.

Things are good for those that have lots of money in the stock market (for now), but for the vast majority of Americans things continue to get worse.

And we continue to forget the lessons that we should have learned from the financial crisis of 2008.  Right now, we are seeing a resurgence of cash out financing.  But this time, people are leveraging their inflated stock portfolios instead of their home equity.  The following is from a  CNN report…

The recent run-up in the market, financial advisers say, has led to a resurgence of the type of loan not seen since the end of the housing boom — cash out financing. But this time, though, people aren’t tapping their inflated house for money. These days stock portfolios appear to be the well of choice.

Financial planners say in recent months clients have taken out so-called margin loans to buy real estate, fund small business acquisitions, or to provide gap financing before a traditional loan could be secured from a bank.

“No one wants to be out of the market for 90 days,” says Mark Brown, a financial planner for Brown Tedstron in Denver. “People just don’t want to sell right now.”

We are a nation that is absolutely addicted to debt.  We know that it is wrong, but we just can’t help ourselves.

We are like the 900 pound man that recently died.  He knew that he was eating himself to death, but he just couldn’t stop.

In the end, we are going to pay a great price for our gluttony.  Everyone in the world can see that we are killing the greatest economy that ever existed, but we simply do not have the self-discipline to do anything about it.

The Colorado River, The High Plains Aquifer And The Entire Western Half Of The U.S. Are Rapidly Drying Up

The Western United States Is Turning Back Into DesertWhat is life going to look like as our precious water resources become increasingly strained and the western half of the United States becomes bone dry?  Scientists tell us that the 20th century was the wettest century in the western half of the country in 1000 years, and now things appear to be reverting to their normal historical patterns.  But we have built teeming cities in the desert such as Phoenix and Las Vegas that support millions of people.  Cities all over the Southwest continue to grow even as the Colorado River, Lake Mead and the High Plains Aquifer system run dry.  So what are we going to do when there isn’t enough water to irrigate our crops or run through our water systems?  Already we are seeing some ominous signs that Dust Bowl conditions are starting to return to the region.  In the past couple of years we have seen giant dust storms known as “haboobs” roll through Phoenix, and 6 of the 10 worst years for wildfires ever recorded in the United States have all come since the year 2000.  In fact, according to the Los Angeles Times, “the average number of fires larger than 1,000 acres in a year has nearly quadrupled in Arizona and Idaho and has doubled in every other Western state” since the 1970s.  But scientists are warning that they expect the western United States to become much drier than it is now.  What will the western half of the country look like once that happens?

A recent National Geographic article contained the following chilling statement…

The wet 20th century, the wettest of the past millennium, the century when Americans built an incredible civilization in the desert, is over.

Much of the western half of the country has historically been a desolate wasteland.  We were very blessed to enjoy very wet conditions for most of the last century, but now that era appears to be over.

To compensate, we are putting a tremendous burden on our fresh water resources.  In particular, the Colorado River is becoming increasingly strained.  Without the Colorado River, many of our largest cities simply would not be able to function.  The following is from a recent Stratfor article…

The Colorado River provides water for irrigation of roughly 15 percent of the crops in the United States, including vegetables, fruits, cotton, alfalfa and hay. It also provides municipal water supplies for large cities, such as Phoenix, Tucson, Los Angeles, San Diego and Las Vegas, accounting for more than half of the water supply in many of these areas.

In particular, water levels in Lake Mead (which supplies most of the water for Las Vegas) have fallen dramatically over the past decade or so.  The following is an excerpt from an article posted on Smithsonian.com…

And boaters still roar across Nevada and Arizona’s Lake Mead, 110 miles long and formed by the Hoover Dam. But at the lake’s edge they can see lines in the rock walls, distinct as bathtub rings, showing the water level far lower than it once was—some 130 feet lower, as it happens, since 2000. Water resource officials say some of the reservoirs fed by the river will never be full again.

Today, Lake Mead supplies approximately 85 percent of the water that Las Vegas uses, and since 1998 the water level in Lake Mead has dropped by about 5.6 trillion gallons.

So what happens if Lake Mead continues to dry up?

Well, the truth is that it would be a major disaster…

Way before people run out of drinking water, something else happens: When Lake Mead falls below 1,050 feet, the Hoover Dam’s turbines shut down – less than four years from now, if the current trend holds – and in Vegas the lights start going out.

Ominously, these water woes are not confined to Las Vegas. Under contracts signed by President Obama in December 2011, Nevada gets only 23.37% of the electricity generated by the Hoover Dam. The other top recipients: Metropolitan Water District of Southern California (28.53%); state of Arizona (18.95%); city of Los Angeles (15.42%); and Southern California Edison (5.54%).

You can always build more power plants, but you can’t build more rivers, and the mighty Colorado carries the lifeblood of the Southwest. It services the water needs of an area the size of France, in which live 40 million people. In its natural state, the river poured 15.7 million acre-feet of water into the Gulf of California each year. Today, twelve years of drought have reduced the flow to about 12 million acre-feet, and human demand siphons off every bit of it; at its mouth, the riverbed is nothing but dust.

Nor is the decline in the water supply important only to the citizens of Las Vegas, Phoenix, and Los Angeles. It’s critical to the whole country. The Colorado is the sole source of water for southeastern California’s Imperial Valley, which has been made into one of the most productive agricultural areas in the US despite receiving an average of three inches of rain per year.

 

You hardly ever hear about this on the news, but the reality is that this is a slow-motion train wreck happening right in front of our eyes.

Today, the once mighty Colorado River runs dry about 50 miles north of the sea.  The following is an excerpt from an excellent article by Jonathan Waterman about what he found when he went to investigate this…

 

Fifty miles from the sea, 1.5 miles south of the Mexican border, I saw a river evaporate into a scum of phosphates and discarded water bottles. This dirty water sent me home with feet so badly infected that I couldn’t walk for a week. And a delta once renowned for its wildlife and wetlands is now all but part of the surrounding and parched Sonoran Desert. According to Mexican scientists whom I met with, the river has not flowed to the sea since 1998. If the Endangered Species Act had any teeth in Mexico, we might have a chance to save the giant sea bass (totoaba), clams, the Sea of Cortez shrimp fishery that depends upon freshwater returns, and dozens of bird species.

So let this stand as an open invitation to the former Secretary of the Interior and all water buffalos who insist upon telling us that there is no scarcity of water here or in the Mexican Delta. Leave the sprinklered green lawns outside the Aspen conferences, come with me, and I’ll show you a Colorado River running dry from its headwaters to the sea. It is polluted and compromised by industry and agriculture. It is overallocated, drought stricken, and soon to suffer greatly from population growth. If other leaders in our administration continue the whitewash, the scarcity of knowledge and lack of conservation measures will cripple a western civilization built upon water.

 

Further east, the major problem is the drying up of our underground water resources.

In the state of Kansas today, many farmers that used to be able to pump plenty of water to irrigate their crops are discovering that the water underneath their land is now gone.  The following is an excerpt from a recent article in the New York Times…

Vast stretches of Texas farmland lying over the aquifer no longer support irrigation. In west-central Kansas, up to a fifth of the irrigated farmland along a 100-mile swath of the aquifer has already gone dry. In many other places, there no longer is enough water to supply farmers’ peak needs during Kansas’ scorching summers.

And when the groundwater runs out, it is gone for good. Refilling the aquifer would require hundreds, if not thousands, of years of rains.

So what is going to happen to “the breadbasket of the world” as this underground water continues to dry up?

Most Americans have never even heard of the Ogallala Aquifer, but it is one of our most important natural resources.  It is one of the largest sources of fresh water on the entire planet, and farmers use water from the Ogallala Aquifer to irrigate more than 15 million acres of crops each year.  It covers more than 100,000 square miles and it sits underneath the states of Texas, New Mexico, Oklahoma, Colorado, Kansas, Nebraska, Wyoming and South Dakota.

Unfortunately, today it is being drained dry at a staggering rate.  The following are a few statistics about this from one of my previous articles…

1. The Ogallala Aquifer is being drained at a rate of approximately 800 gallons per minute.

2. According to the U.S. Geological Survey, “a volume equivalent to two-thirds of the water in Lake Erie” has been permanently drained from the Ogallala Aquifer since 1940.

3. Decades ago, the Ogallala Aquifer had an average depth of approximately 240 feet, but today the average depth is just 80 feet. In some areas of Texas, the water is gone completely.

So exactly what do we plan to do once the water is gone?

We won’t be able to grow as many crops and we will not be able to support such large cities in the Southwest.

If we have a few more summers of severe drought that are anything like last summer, we are going to be staring a major emergency in the face very rapidly.

If you live in the western half of the country, you might want to start making plans for the future, because our politicians sure are not.

7 Things About The Mainstream Media That They Do Not Want You To Know

7 Things About The Mainstream Media That They Do Not Want You To Know - Based On A Photo By Doug WaldronHave you ever wondered who controls the mainstream media?  In America today, we are more “connected” than ever.  The average American watches 153 hours of television a month, and we also spend countless hours watching movies, playing video games, listening to music, reading books and surfing the Internet.  If someone could control the production of all of that media, that would make them immensely powerful.  They would literally be in a position to tell people what to think.  Well, what if I told you that there are just six enormous media conglomerates that combine to produce about 90 percent of all the media that Americans consume.  Would that alarm you?  It should alarm you.  The truth is that our attitudes, opinions and beliefs are greatly shaped by what we allow into our minds.  After all, they don’t call it “programming” for no reason.  Even those of us that realize that we are connected to “the matrix” probably greatly underestimate the tremendous influence that the media has over us.  We live at a time when it is absolutely imperative to think for ourselves, but most Americans are being absolutely overwhelmed with information and seem more than content to let others do their thinking for them.  Sadly, this is greatly contributing to the downfall of our society.

And of course the mainstream media desperately does not want you to look at “the man behind the curtain”.  They just want you to stay plugged into the “programming” that they are feeding you without asking any questions.

Fortunately, a growing minority of Americans are waking up and are starting to reject the mainstream media.  An increasing number of people are beginning to recognize that the mainstream media is the mouthpiece of the establishment and that it is promoting the agenda of the establishment.

So why is the mainstream media so bad?  The following are 7 things about the mainstream media that they do not want you to know…

#1 The Mainstream Media Has Very Deep Ties To The Establishment

Did you know that the president of CBS and the president of ABC both have brothers that are top officials in the Obama administration?

The big news networks have developed an almost incestuous relationship with the federal government in recent years.  But of course the same could be said of the relationship that the media has with the big corporations that own stock in their parent companies and that advertise on their networks.

This is one of the reasons why we very rarely ever see any hard hitting stories on the big networks anymore.  The flow of information through the corporate-dominated media is very tightly controlled, and there are a lot of gatekeepers that make sure that the “wrong stories” don’t get put out to the public.  As a result, many of the “big stories” that have come out in recent years were originally broken by the alternative media.

#2 The Mainstream Media Gets Things Wrong Very Frequently

Even prominent members of the mainstream media admit that this is the case.  For example, during a recent speech at Quinnipiac University CBS anchor Scott Pelley confessed that journalists in the mainstream media “are getting big stories wrong, over and over again”…

“Let me take the first arrow: During our coverage of Newtown, I sat on my set and I reported that Nancy Lanza was a teacher at the school. And that her son had attacked her classroom. It’s a hell of a story, but it was dead wrong. Now, I was the managing editor, I made the decision to go ahead with that and I did, and that’s what I said, and I was absolutely wrong. So let me just take the first arrow here.”

#3 The American Public Does Not Consider The Media To Be Very Trustworthy

Trust in the mainstream media has definitely been slipping.  In fact, a Gallup poll taken last year found that distrust of the media had reached an all-time high.  According to that poll, 60 percent of Americans “have little or no trust” that the media is reporting the news accurately.

A separate Rasmussen Reports survey found that only 6 percent of all Americans consider the news media to be “very trustworthy”.

Hopefully this trend will accelerate and a lot more people will stop trusting the media blindly.

#4 The Mainstream Media And The Politicians That They Worship Hate The Fact That They Cannot Control Internet News Sites

In the old days, the mainstream media had a virtual monopoly on the news.  But these days, anyone with an Internet connection can put up a news site, and this is driving the establishment absolutely bonkers.

For example, Barack Obama is known to have a great dislike for the alternative media.  The following is from a recent WND article…

NBC News Political Director Chuck Todd says President Obama was making it “clear” at the White House Correspondents’ Dinner over the weekend how he feels about the rise of Internet news sites like Politico, Buzzfeed and … well, WND.

“He hates it.”

Appearing on “Meet the Press” Sunday morning following Saturday night’s media, politics and celebrity soiree, Todd explained the president’s disdain for independent online news sources was showing during his speech.

“It did seem … I thought his pot shots, joke-wise, and then the serious stuff about the Internet, the rise of the Internet media and social media and all that stuff – he hates it, OK? He hates this part of the media,” Todd said. “He really thinks that the, sort of, the buzzification – this isn’t just about Buzzfeed or Politico and all this stuff – he thinks that sort of coverage of political media has hurt political discourse. He hates it. And I think he was just trying to make that clear last night.”

#5 The Mainstream Media Is Extremely Liberal

When it comes to politics, the mainstream media is far more liberal than the general population is.

For example, one survey found that 41 percent of American voters believe that the average reporter is more liberal than they are, while only 18 percent believe that the average reporter is more conservative than they are.

A very disturbing UCLA study on media bias discovered that the vast majority of media outlets are “left of center”…

Of the 20 major media outlets studied, 18 scored left of center, with CBS’ “Evening News,” The New York Times and the Los Angeles Times ranking second, third and fourth most liberal behind the news pages of The Wall Street Journal.

And even MSNBC has confirmed the liberal bias of the media.  According to MSNBC, mainstream journalists are far more likely to donate their own money to Democrats than they are to Republicans…

MSNBC.com identified 143 journalists who made political contributions from 2004 through the start of the 2008 campaign, according to the public records of the Federal Election Commission. Most of the newsroom checkbooks leaned to the left: 125 journalists gave to Democrats and liberal causes. Only 16 gave to Republicans. Two gave to both parties.

#6 Six Mammoth Media Corporations Produce About 90 Percent Of The Media That Americans Consume

As I mentioned at the top of this article, there are six giant media behemoths that control almost all of the media that we consume.  These corporate giants own television networks, cable channels, movie studios, newspapers, magazines, publishing houses, video game makers, music labels and even many of our favorite websites.

The media ownership chart posted below originally comes from a previous article that I authored entitled “Who Owns The Media? The 6 Monolithic Corporations That Control Almost Everything We Watch, Hear And Read“, but it has been updated to reflect some of the latest information.  The power that these companies have is so vast that it is hard to put into words…

Time Warner

CNN
Home Box Office (HBO)
Time Inc.
Turner Broadcasting System, Inc.
Warner Bros. Entertainment Inc.
CW Network (partial ownership)
TMZ
New Line Cinema
Time Warner Cable
Cinemax
Cartoon Network
TBS
TNT
America Online
MapQuest
Moviefone
Castle Rock
Sports Illustrated
Fortune
Marie Claire
DC Comics
People Magazine

Walt Disney

ABC Television Network
Disney Publishing
ESPN Inc.
Disney Channel
The History Channel
SOAPnet
A&E
Lifetime
Buena Vista Home Entertainment
Buena Vista Theatrical Productions
Buena Vista Records
Disney Records
Hollywood Records
Miramax Films
Touchstone Pictures
Walt Disney Pictures
Pixar Animation Studios
277 Radio Stations
Buena Vista Games
Hyperion Books

Viacom

Paramount Pictures
Paramount Home Entertainment
Black Entertainment Television (BET)
Comedy Central
Country Music Television (CMT)
Logo
MTV
MTV Canada
MTV2
Nick Magazine
Nick at Nite
Nick Jr.
Nickelodeon
Noggin
Spike TV
The Movie Channel
TV Land
VH1

News Corporation

Dow Jones & Company, Inc.
Fox Television Stations
The New York Post
TV Guide
Fox Searchlight Pictures
Beliefnet
Fox Business Network
Fox Kids Europe
Fox News Channel
Fox Sports Net
Fox Television Network
FX
My Network TV
MySpace
News Limited News
Phoenix InfoNews Channel
Phoenix Movies Channel
Sky PerfecTV
Speed Channel
STAR TV India
STAR TV Taiwan
STAR World
Times Higher Education Supplement Magazine
Times Literary Supplement Magazine
Times of London
20th Century Fox Home Entertainment
20th Century Fox International
20th Century Fox Studios
20th Century Fox Television
BSkyB
The Wall Street Journal
Fox Broadcasting Company
Fox Interactive Media
FOXTEL
HarperCollins Publishers
The National Geographic Channel
National Rugby League
News Interactive
News Outdoor
Radio Veronica
ReganBooks
Sky Italia
Sky Radio Denmark
Sky Radio Germany
Sky Radio Netherlands
STAR
Zondervan

CBS Corporation

CBS News
CBS Sports
CBS Television Network
CNET
Showtime
TV.com
CBS Radio Inc. (130 stations)
CBS Consumer Products
CBS Outdoor
CW Network (50% ownership)
Infinity Broadcasting
Simon & Schuster (Pocket Books, Scribner)
Westwood One Radio Network

Comcast

NBC
Bravo
CNBC
NBC News
MSNBC
NBC Sports
NBC Television Network
Oxygen
SciFi Magazine
Syfy (Sci Fi Channel)
Telemundo
USA Network
Weather Channel
Focus Features
NBC Universal Television Distribution
NBC Universal Television Studio
Paxson Communications (partial ownership)
Hulu
Universal Parks & Resorts
Universal Pictures
Universal Studio Home Video

#7 The American People Are Absolutely Addicted To The Mainstream Media

In a previous article about the media, I noted that the average American watches 153 hours of television a month.

When you allow that much information to be downloaded into your brain, it is going to have a dramatic impact on how you think.

Americans are more “connected” than they ever have been before.  This is especially true of our kids.  They are constantly on one sort of electronic device or another.  The following is a brief excerpt from a recent article by Daniel Taylor…

According to a 2010 LA Times report, young people spend on average 53 hours a week watching TV, playing video games, and sitting at the computer.

Facebook users spend about 15 hours a month on the social networking site.

People are walking – and driving – blindly while texting, sometimes walking into fountains and even falling off cliffs.

If that Los Angeles Times report is true, that means that our young people are spending more than 200 hours a month connected to the media.

But we are only awake for about 480 hours a month.

When it comes to influencing the American people, nobody has more power than the big media companies do.

And until we can break this sick addiction to the mainstream media and get people to start thinking for themselves, we will never see widespread changes in our society.  As long as people are being “programmed” by the mainstream media, they will continue to express the opinions, attitudes and beliefs that have been downloaded into their minds.

Please share this article with as many people as you can.  It is crucial that we wake as many people up as possible while we still can.

+ More