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Jim Allen

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RE: The BUZZ2YA Presents Your Daily Dose Of Insanity USA Style
12/23/2013 3:32:16 PM
Not even the cooks want to eat their own recipes

The 5 Worst Places to Work in Government

Jeff Gentner/AP File Photo

Federal employees are becoming increasingly unhappy with their jobs.

The Office of Personnel Management’s annual Federal Employee Viewpoint Surveydemonstrated that, and the Partnership for Public Service hammered it home with its own study based on OPM’s findings. More than 75 percent of agencies earned worse scores in 2013 than they received in 2012.

Some agencies, however, are doing far worse than others. Here is a look at the worst five agencies to work at -- as measured by an index score showing employee satisfaction and commitment to the job -- in three different categories: large agencies (more than 15,000 employees), mid-size agencies (1,000 to 14,999 employees) and small agencies (100 to 999 employees). All scores are out of a possible 100.

Worst Five Large Agencies

1. Homeland Security Department (46.8)

2. Department of the Army (55.6 - tie)

2. Labor Department (55.6 - tie)

4. Agriculture Department (56.1)

5. Office of the Secretary of Defense, Joint Staff, Defense Agencies, Department of Defense Field Activities (59.9)

Worst Five Mid-Size Agencies

1. Housing and Urban Development Department (43.2)

2. National Archives and Records Administration (47.1)

3. Broadcasting Board of Governors (50.7)

4. National Labor Relations Board (56.8)

5. Small Business Administration (57.4)

Worst Five Small Agencies

1. Office of the U.S. Trade Representative (26.8)

2. Federal Election Commission (42.1)

3. Federal Maritime Commission (42.5)

4. Defense Nuclear Facilities Safety Board (45.5)

5. Export-Import Bank of the United States (50.1)

Read our full coverage of the PPS study here.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
http://www.govexec.com/pay-benefits/2013/12/worst-places-work-federal-government/75738/

May Wisdom and the knowledge you gained go with you,



Jim Allen III
Skype: JAllen3D
Everything You Need For Online Success


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Jim Allen

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RE: The BUZZ2YA Presents Your Daily Dose Of Insanity USA Style
12/23/2013 10:26:43 PM

SPECIAL REPORT-The U.S. government lab behind China's nuclear power push

HONG KONG Fri Dec 20, 2013 7:33pm IST

Dec 20 (Reuters) - Scientists in Shanghai are attempting a breakthrough in nuclear energy: reactors powered by thorium, an alternative to uranium.

The project is run by the Chinese Academy of Sciences, a government body with close military ties that coordinates the country's science-and-technology strategy. The academy has designated thorium as a priority for China's top laboratories. The program has a budget of $350 million. And it's being spearheaded by the influential son of a former Chinese president.

But even as China bulks up its military muscle through means ranging from espionage to heavy spending, it is pursuing this aspect of its technology game plan with the blessing - and the help - of the United States.

China has enlisted a storied partner for its thorium push: Oak Ridge National Laboratory. The U.S. government institute produced the plutonium used for the Manhattan Project and laid important groundwork for the commercial and military use of nuclear power.

http://news.bbcimg.co.uk/media/images/70779000/jpg/_70779789_70779788.jpg

Nuclear scientists are being urged by the former UN weapons inspector Hans Blix to develop thorium as a new fuel. http://www.bbc.co.uk/news/science-environment-24638816

The Tennessee lab, as it happens, helped pioneer thorium reactors. The Pentagon and the energy industry later sidelined this technology in favor of uranium. The Chinese are now enthusiastically tapping that know-how, in an example of how the rising Asian superpower is scouring the world for all sorts of technology needed to catch up to America in a broad array of scientific fields.

Thorium's chief allure is that it is a potentially far safer fuel for civilian power plants than is uranium. But the element also has possible military applications as an energy source in naval vessels. A U.S. congressman unsuccessfully sought to push the Pentagon to embrace the technology in 2009, and British naval officers are recommending a design for a thorium-fueled ship.

In a further twist, despite the mounting strategic rivalry with China, there has been little or no protest in the United States over Oak Ridge's nuclear-energy cooperation with China.

"The U.S. government seems to welcome Chinese scientists into Department of Energy labs with open arms," says physicist and thorium advocate Robert Hargraves. He and other experts note that most of the U.S. intellectual property related to thorium is already in the public domain. At a time when the U.S. government is spending very little on advanced reactor research, they believe China's experiments may yield a breakthrough that provides an alternative to the massive consumption of fossil fuels.

The technology's immediate appeal for China, both Chinese and American scientists say, is that thorium reactors have the potential to be much more efficient, safer and cleaner than most in service today.

The Chinese plan to cool their experimental reactors with molten salts. This is sharply different from the pressurized water-cooling systems used in most uranium-fueled nuclear plants. The risks of explosions and meltdowns are lower, proponents say.

"If a thorium, molten-salt reactor can be successfully developed, it will remove all fears about nuclear energy," says Fang Jinqing, a retired nuclear researcher at the China Institute of Atomic Energy. "The technology works in theory, and it may have the potential to reshape the nuclear power landscape, but there are a lot of technical challenges."

Other advocates agree on thorium's peaceful promise. Republican Senator Orrin Hatch and Senate Majority Leader Harry Reid, a Democrat, introduced legislation in 2010 calling on the U.S. government to share its thorium expertise.

The unsuccessful bill said it was in U.S. "national security and foreign policy interest" to provide other countries with thorium fuel-cycle technology, because doing so would produce less long-lasting waste and reduce the risk of nuclear proliferation.

Oak Ridge has been free to proceed in spite of that bill's failure.

TURNING BACK THE CLOCK

What China is attempting is to turn the nuclear clock back to the mid-1960s, when Oak Ridge successfully operated a reactor with fuel derived from thorium and cooled with molten salts. The lab also produced detailed plans for a commercial-scale power plant.

Despite considerable promise, the thorium test reactor was shut down in 1969 after about five years of operation. Research was effectively shelved when the Nixon Administration decided in the 1970s that the U.S nuclear industry would concentrate on a new generation of uranium-fueled, fast-breeder reactors. For a range of technical and political reasons, not least the public's fear of nuclear plants, these new uranium reactors have yet to come into widespread commercial use.

The die was cast against thorium much earlier. In the early 1950s, an influential U.S. Navy officer, Hyman Rickover, decided a water-cooled, uranium-fueled reactor would power the world's first nuclear submarine, the USS Nautilus. Rickover was instrumental in the 1957 commissioning of a similar reactor at Shippingport, Pennsylvania - the world's first nuclear-power station.

Admiral Rickover was a towering figure in atomic energy and became known as the father of the U.S nuclear navy. He had clear reasons for his choice, engineers say. The pressurized water reactor was the most advanced, compact and technically sound at the time. More importantly, these reactors also supplied plutonium as a byproduct - then in strong demand as fuel for America's rapidly growing arsenal of nuclear warheads.

"The short answer is that uranium was good for bombs and thorium wasn't," says Kirk Sorensen, president of Flibe Energy, a privately held thorium-technology start-up based in Huntsville, Alabama.

With the launch of the Nautilus in 1955, a course was set that is still followed today, with most of the world's nuclear power generated from this type of reactor.

Although it does not yield byproducts that can be readily used to make weapons, thorium does have military applications.

The fuel could be used to power Chinese navy surface warships, including a planned fleet of aircraft carriers. China's nuclear submarine fleet has struggled with reactor reliability and safety, according to naval commentators, and thorium could eventually become an alternative.

Top British naval engineers last year proposed a design for a thorium reactor to power warships. Compact thorium power plants could also be used to supply reliable power to military bases and expeditionary forces.

Thorium also has military potential for the United States, experts say. But the world's most powerful military is reluctant to pursue alternatives to its uranium-fueled reactors, because it has operated them successfully for almost six decades.

Joe Sestak, a former U.S. congressman and retired two-star admiral, failed in an effort to get the Pentagon to reconsider thorium in 2009. "It is very hard to effect a change in something that has been established for a long time," he says. Sestak says he was unaware of the extent of cooperation between the U.S. and China on thorium technology.

INTELLECTUAL HOME

Flibe Energy's Sorensen, a former NASA engineer, has plans to build thorium-fueled reactors for commercial use in the United States. Sorensen has been instrumental in reviving global interest in the groundbreaking work of the late American nuclear physicist Alvin Weinberg.

It was Weinberg who led research into molten-salt cooled reactors and thorium when he ran Oak Ridge from 1955 to 1973. Weinberg was eventually fired for his persistent thorium advocacy. But he had some powerful supporters. In his last scientific paper, published shortly after his death in 2003, nuclear-weapons pioneer Edward Teller called for the construction and testing of a small, thorium-fueled reactor.

Oak Ridge remains the intellectual home of this technology. The U.S. Department of Energy lab still has a small research project under way on the use of molten-salt coolants for uranium-fueled reactors. The Energy Department is also funding related research at the University of California, Berkeley, the University of Wisconsin and the Massachusetts Institute of Technology.

But the ambitious project under way in China could be the best bet to unlock thorium's promise of safe, cheap and abundant nuclear fuel.

Jiang Mianheng, son of former Chinese president Jiang Zemin, visited Oak Ridge in 2010 and brokered a cooperation agreement with the lab. The deal gave the Chinese Academy of Sciences, which has a staff of 50,000, the plans for a thorium reactor. In January 2011, Jiang signed a protocol with the Department of Energy outlining the terms of joint energy research with the academy.

An electrical engineer trained at Drexel University in Philadelphia, Jiang told a conference on thorium in Shanghai last year China's thorium project "is 100 percent financed by the central government."

The protocol stipulates that intellectual property arising from the joint research will be shared with the global scientific community. It excludes sharing commercially confidential information and any other material that the parties agree to withhold. The pact also specifically rules out any military or weapons-related research. "All activities conducted under this protocol shall be exclusively for peaceful purposes," it says.

Jess Gehin, a nuclear-reactor physicist at Oak Ridge, says the pact allows the two sides to share information about their research.

"The Chinese are very aggressive, very determined and programmed to move forward with this technology," Gehin said. "Right now we agree that we should meet routinely, maybe a couple of times a year."

Jiang did not respond to requests for comment. In a statement posted on the Chinese Academy of Sciences website, he said China and the United States "should boost mutual trust and carry out complementary and mutually beneficial cooperation in the study of thorium-based salt reactors, hybrid energy systems and other cutting edge science and technology."

AN ENERGY HEDGE

Beijing's long-term goal: commercialize the technology by 2040, after building a series of increasingly bigger reactors. The Shanghai Institute of Applied Physics is recruiting nuclear physicists, engineers, project managers and support staff, according to a regular stream of job advertisements it publishes online. Its team is expected to expand to 750 by 2015 and eventually include 1,000 researchers.

A director at the Shanghai Institute, Li Qingnuan, and other senior researchers are wooing top young talent across China to join the project. After lecturing on molten-salt reactor technology at Sichuan University in April, Li invited students from the audience to apply for positions at the institute, according to a report on the university's website.

China's sprawling network of nuclear-research and industrial companies are gearing up to assist. In early June, the China National Nuclear Corporation, the body overseeing all Chinese civilian and military nuclear programs, announced that state-owned China North Nuclear Fuel Company had signed an agreement with the Shanghai Institute to research and supply thorium and molten salts for the experimental reactors.

The push into thorium is part of a broader national energy strategy. The government wants to reduce its dependence on coal-fired power plants, which account for about 80 percent of the nation's electricity but have darkened its skies. Nuclear energy is a big part of the plan: China aims to have 58 gigawatts of nuclear power on the grid by 2020, an almost five-fold increase from 12.57 gigawatts today.

Thorium is a hedge on that nuclear bet. China has 15 conventional nuclear reactors online and 30 under construction. But energy authorities are also investing in a range of different technologies for the future, including advanced pressurized water reactors, fast-breeder reactors and pebble-bed reactors. China has little uranium but massive reserves of thorium. So, the prospect of cheaper nuclear power with secure supplies of fuel is a powerful attraction.

At last year's Shanghai thorium conference, Jiang described how clean nuclear power would allow China to make a "revolutionary" move towards a greener economy.

The bet on unconventional nukes, he said, explains "why China is the first one to eat a crab" - citing an old Chinese proverb about the individual who dares to make a discovery important to civilization. (Editing by Bill Tarrant)

http://in.reuters.com/article/2013/12/20/breakout-thorium-idINL4N0FE21U20131220



May Wisdom and the knowledge you gained go with you,



Jim Allen III
Skype: JAllen3D
Everything You Need For Online Success


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RE: The BUZZ2YA Presents Your Daily Dose Of Insanity USA Style
12/24/2013 12:54:54 PM

On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever


Read more: http://www.disclose.tv/news/On_The_100th_Anniversary_Of_The_Federal_Reserve_Here_Are_100_Reasons_To_Shut_It_Down_Forever/97589#ixzz2oOcPefsD

http://d38zt8ehae1tnt.cloudfront.net/images/news/700_851a42967e48b489559dd3da00ee884f.jpg

December 24, 2013 - December 23rd, 1913 is a date which will live in infamy. That was the day when the Federal Reserve Act was pushed through Congress. Many members of Congress were absent that day, and the general public was distracted with holiday preparations. Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don't know what it actually is or how it functions. But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems. Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger. This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have. If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation. So please share this article with as many people as you can. The following are 100 reasons why the Federal Reserve should be shut down forever...

#1 We like to think that we have a government "of the people, by the people, for the people", but the truth is that an unelected, unaccountable group of central planners has far more power over our economy than anyone else in our society does.

#2 The Federal Reserve is actually "independent" of the government. In fact, the Federal Reserve has argued vehemently in federal court that it is "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.

#3 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized "much like private corporations".

#4 The regional Federal Reserve banks issue shares of stock to the "member banks" that own them.

#5 100% of the shareholders of the Federal Reserve are private banks. The U.S. government owns zero shares.

#6 The Federal Reserve is not an agency of the federal government, but it has been given power to regulate our banks and financial institutions. This should not be happening.

#7 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures". So why is the Federal Reserve doing it?

#8 If you look at a "U.S. dollar", it actually says "Federal Reserve note" at the top. In the financial world, a "note" is an instrument of debt.

#9 In 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue "United States notes" which were created by the U.S. government directly and not by the Federal Reserve. He was assassinated shortly thereafter.

#10 Many of the debt-free United States notes issued under President Kennedy are still in circulation today.

#11 The Federal Reserve determines what levels some of the most important interest rates in our system are going to be set at. In a free market system, the free market would determine those interest rates.

#12 The Federal Reserve has become so powerful that it is now known as "the fourth branch of government".

#13 The greatest period of economic growth in U.S. history was when there was no central bank.

#14 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#15 A permanent federal income tax was established the exact same year that the Federal Reserve was created. This was not a coincidence. In order to pay for all of the government debt that the Federal Reserve would create, a federal income tax was necessary. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#16 The period prior to 1913 (when there was no income tax) was the greatest period of economic growth in U.S. history.

#17 Today, the U.S. tax code is about 13 miles long.

#18 From the time that the Federal Reserve was created until now, the U.S. dollar has lost 98 percent of its value.

#19 From the time that President Nixon took us off the gold standard until now, the U.S. dollar has lost 83 percent of its value.

#20 During the 100 years before the Federal Reserve was created, the U.S. economy rarely had any problems with inflation. But since the Federal Reserve was established, the U.S. economy has experienced constant and never ending inflation.

#21 In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent.

#22 The Federal Reserve has stripped the middle class of trillions of dollars of wealth through the hidden tax of inflation.

#23 The size of M1 has nearly doubled since 2008 thanks to the reckless money printing that the Federal Reserve has been doing.

#24 The Federal Reserve has been starting to behave like the Weimar Republic, and we all remember how that ended.

#25 The Federal Reserve has been consistently lying to us about the level of inflation in our economy. If the inflation rate was still calculated the same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.

#26 Since the Federal Reserve was created, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

#27 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#28 The Federal Reserve created the conditions that caused the stock market crash of 1929, and even Ben Bernanke admits that the response by the Fed to that crisis made the Great Depression even worse than it should have been.

#29 The "easy money" policies of former Fed Chairman Alan Greenspan set the stage for the great financial crisis of 2008.

#30 Without the Federal Reserve, the "subprime mortgage meltdown" would probably never have happened.

#31 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the "dotcom bubble", the Federal Reserve created the "housing bubble" and now it has created the largest bond bubble in the history of the planet.

#32 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report...

Citigroup - $2.513 trillion

Morgan Stanley - $2.041 trillion

Merrill Lynch - $1.949 trillion

Bank of America - $1.344 trillion

Barclays PLC - $868 billion

Bear Sterns - $853 billion

Goldman Sachs - $814 billion

Royal Bank of Scotland - $541 billion

JP Morgan Chase - $391 billion

Deutsche Bank - $354 billion

UBS - $287 billion

Credit Suisse - $262 billion

Lehman Brothers - $183 billion

Bank of Scotland - $181 billion

BNP Paribas - $175 billion

Wells Fargo - $159 billion

Dexia - $159 billion

Wachovia - $142 billion

Dresdner Bank - $135 billion

Societe Generale - $124 billion

"All Other Borrowers" - $2.639 trillion

#33 The Federal Reserve also paid those big banks $659.4 million in "fees" to help "administer" those secret loans.

#34 During the last financial crisis, big European banks were allowed to borrow an "unlimited" amount of money from the Federal Reserve at ultra-low interest rates.

#35 The "easy money" policies of Federal Reserve Chairman Ben Bernanke have created the largest financial bubble this nation has ever seen, and this has set the stage for the great financial crisis that we are rapidly approaching.

#36 Since late 2008, the size of the Federal Reserve balance sheet has grown from less than a trillion dollars to more than 4 trillion dollars. This is complete and utter insanity.

#37 During the quantitative easing era, the value of the financial securities that the Fed has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington through the end of the presidency of Bill Clinton.

#38 Overall, the Federal Reserve now holds more than 32 percent of all 10 year equivalents, and that percentage is rising by about 0.3 percent each week.

#39 Quantitative easing creates financial bubbles, and when quantitative easing ends those bubbles tend to deflate rapidly.

#40 Most of the new money created by quantitative easing has ended up in the hands of the very wealthy.

#41 According to a prominent Federal Reserve insider, quantitative easing has been one giant "subsidy" for Wall Street banks.

#42 As one CNBC article recently stated, we are seeing absolutely rampant inflation in "stocks and bonds and art and Ferraris".

#43 Donald Trump once made the following statement about quantitative easing: "People like me will benefit from this."

#44 Most people have never heard about this, but a very interesting study conducted for the Bank of England shows that quantitative easing actually increases the gap between the wealthy and the poor.

#45 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#46 The mainstream media has sold quantitative easing to the American public as an "economic stimulus program", but the truth is that the percentage of Americans that have a job has actually gone down since quantitative easing first began.

#47 The Federal Reserve is supposed to be able to guide the nation toward "full employment", but the reality of the matter is that an all-time record 102 million working age Americans do not have a job right now. That number has risen by about 27 million since the year 2000.

#48 For years, the projections of economic growth by the Federal Reserve have consistently overstated the strength of the U.S. economy. But every single time, the mainstream media continues to report that these numbers are "reliable" even though all they actually represent is wishful thinking.

#49 The Federal Reserve system fuels the growth of government, and the growth of government fuels the growth of the Federal Reserve system. Since 1970, federal spending has grown nearly 12 times as rapidly as median household income has.

#50 The Federal Reserve is supposed to look out for the health of all U.S. banks, but the truth is that they only seem to be concerned about the big ones. In 1985, there were more than 18,000 banks in the United States. Today, there are only 6,891 left.

#51 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.

#52 The U.S. banking system has 14.4 trillion dollars in total assets. The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets.

#53 The five largest banks now account for 42 percent of all loans in the United States.

#54 We were told that the purpose of quantitative easing is to help "stimulate the economy", but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in "excess reserves" that they have parked at the Fed.

#55 The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment. Right now, four of the "too big to fail" banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

#56 The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.

#57 Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Chicago Cubs look good.

#58 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#59 The Federal Reserve was created by the big Wall Street banks and for the benefit of the big Wall Street banks.

#60 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#61 There has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.

#62 The Federal Reserve system has been described as "the biggest Ponzi scheme in the history of the world".

#63 The following comes directly from the Fed's official mission statement: "To provide the nation with a safer, more flexible, and more stable monetary and financial system." Without a doubt, the Federal Reserve has failed in those tasks dramatically.

#64 The Fed decides what the target rate of inflation should be, what the target rate of unemployment should be and what the size of the money supply is going to be. This is quite similar to the "central planning" that goes on in communist nations, but very few people in our government seem upset by this.

#65 A couple of years ago, Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.

#67 Thanks to this endless debt spiral that we are trapped in, a massive amount of money is transferred out of our pockets and into the pockets of the ultra-wealthy each year. Incredibly, the U.S. government spent more than 415 billion dollars just on interest on the national debt in 2013.

#68 In September, the average rate of interest on the governments marketable debt was 1.981 percent. In January 2000, the average rate of interest on the governments marketable debt was 6.620 percent. If we got back to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt and it would collapse our entire financial system.

#69 The American people are being killed by compound interest but most of them don't even understand what it is. Albert Einstein once made the following statement about compound interest...

"Compound interest is the eighth wonder of the world. He who understands it, earns it he who doesnt pays it."

#70 Most Americans have absolutely no idea where money comes from. The truth is that the Federal Reserve just creates it out of thin air. The following is how I have previously described how money is normally created by the Fed in our system...

When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.

Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.

The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.

#71 What does the Federal Reserve do with those U.S. Treasury bonds? They end up getting auctioned off to the highest bidder. But this entire process actually creates more debt than it does money...

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

There is a problem.

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

So where will the U.S. government get the money to pay that debt?

Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.

But that never actually happens, does it?

And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.

#72 Of course the U.S. government could actually create money and spend it directly into the economy without the Federal Reserve being involved at all. But then we wouldn't be 17 trillion dollars in debt and that wouldn't serve the interests of the bankers at all.

#73 The following is what Thomas Edison once had to say about our absolutely insane debt-based financial system...

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

#74 The United States now has the largest national debt in the history of the world, and we are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day in a desperate attempt to keep the debt spiral going.

#75 Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing....

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

#76 At this moment, the U.S. national debt is sitting at $17,251,528,475,994.19. If we had followed the advice of Thomas Jefferson, it would be sitting at zero.

#77 When the Federal Reserve was first established, the U.S. national debt was sitting at about 2.9 billion dollars. On average, we have been adding more than that to the national debt every single day since Obama has been in the White House.

#78 We are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.

#79 If all of the new debt that has been accumulated since John Boehner became Speaker of the House had been given directly to the American people instead, every household in America would have been able to buy a new truck.

#80 Between 2008 and 2012, U.S. government debt grew by 60.7 percent, but U.S. GDP only grew by a total of about 8.5 percent during that entire time period.

#81 Since 2007, the U.S. debt to GDP ratio has increased from 66.6 percent to 101.6 percent.

#82 According to the U.S. Treasury, foreigners hold approximately 5.6 trillion dollars of our debt.

#83 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#84 As I have written about previously, if the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.

#85 If Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#86 Sometimes we forget just how much money a trillion dollars is. If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#87 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#88 In addition to all of our debt, the U.S. government has also accumulated more than 200 trillion dollars in unfunded liabilities. So where in the world will all of that money come from?

#89 The greatest damage that quantitative easing has been causing to our economy is the fact that it is destroying worldwide faith in the U.S. dollar and in U.S. debt. If the rest of the world stops using our dollars and stops buying our debt, we are going to be in a massive amount of trouble.

#90 Over the past several years, the Federal Reserve has been monetizing a staggering amount of U.S. government debt even though Ben Bernanke once promised that he would never do this.

#91 China recently announced that they are going to quit stockpiling more U.S. dollars. If the Federal Reserve was not recklessly printing money, this would probably not have happened.

#92 Most Americans have no idea that one of our most famous presidents was absolutely obsessed with getting rid of central banking in the United States. The following is a February 1834 quote by President Andrew Jackson about the evils of central banking....

I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.

#93 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?

#94 The capstone of the global central banking system is an organization known as the Bank for International Settlements. The following is how I described this organization in a previous article...

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that "it is not accountable to any single national government." The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another "Global Economy Meeting". During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

#95 The borrower is the servant of the lender, and the Federal Reserve has turned all of us into debt slaves.

#96 Debt is a form of social control, and the global elite use all of this debt to dominate all the rest of us. 40 years ago, the total amount of debt in our system (all government debt, all business debt, all consumer debt, etc.) was sitting at about 2 trillion dollars. Today, the grand total exceeds 56 trillion dollars.

#97 Unless something dramatic is done, our children and our grandchildren will be debt slaves for their entire lives as they service our debts and pay for our mistakes.

#98 Now that you know this information, you are responsible for doing something about it.

#99 Congress has the power to shut down the Federal Reserve any time that they would like. But right now most of our politicians fully endorse the current system, and nothing is ever going to happen until the American people start demanding change.

#100 The design of the Federal Reserve system was flawed from the very beginning. If something is not done very rapidly, it is inevitable that our entire financial system is going to suffer an absolutely nightmarish collapse.

The truth is that we do not have to have a Federal Reserve. The greatest period of economic growth in U.S. history was when we did not have a central bank. If we are ever going to turn this nation around economically, we are going to have to get rid of this debt-based financial system that is centered around the Federal Reserve. On the path that we are on now, there is no hope. Please share this article with as many people as you can. It is imperative that we try to wake the American people up while we still have time.

Read more: http://www.disclose.tv/news/On_The_100th_Anniversary_Of_The_Federal_Reserve_Here_Are_100_Reasons_To_Shut_It_Down_Forever/97589#ixzz2oObyMk49

May Wisdom and the knowledge you gained go with you,



Jim Allen III
Skype: JAllen3D
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RE: The BUZZ2YA Presents Your Daily Dose Of Insanity USA Style
12/26/2013 1:16:03 PM

Egypt Declares US Ally-The Muslim Brotherhood-a Terrorist Organization

December 26, 2013
By

After a year in which Morsi and The Muslim Brotherhood imprisoned, tortured and murdered their own people with our financial support, Egypt has declared The Muslim Brotherhood a terrorist group. Mr. Obama supported The Brotherhood and insisted they be part of the government prior to Morsi’s rise in power and he and Mrs. Clinton continued to support them after the coup and the revelations of atrocities committed by Morsi.

The Brotherhood were considered a terrorist group by most US leaders prior to Mr. Obama’s soft-pedaling of them as ‘moderate’ despite their transparently false claims of having sworn off violence.

Pharaoh Morsi

Pharaoh Morsi

The Brotherhood is not a political party but rather a government-within-a-government that aims only to defeat all opposition and install strict Sharia law in Egypt.

In a press statement on Wednesday, Deputy Prime Minister Hossam Eissa said the cabinet declared the Brotherhood a terrorist group, making it subject to Article 86 of the Egyptian penal code, which defines terrorism and the penalties for engaging in it. According to Ahram, Eissa said the deadly bombing in the Delta city of Mansoura on Tuesday as well as recent attacks on churches and other violent incidents attributed to members of the group led to the decision.

Egypt’s foreign minister will contact other Arab countries to encourage them to take the same position according to the Arab Convention on the Suppression of Terrorism signed by Arab governments.

The day after the announcement, The Freedom and Justice Party newspaper (The Muslim Brotherhood) was put on the chopping block. The government will attempt to halt publication.

The interim government believes they are behind the recent suicide bomb attack on a police station that killed 16 people; 54 Brotherhood members have been arrested in connection with the attack.

The Brotherhood, who, under Morsi, established a dictatorship, are afraid this action by the interim government will hurt Egypt’s movement towards a Democratic government. Huh? That sounds like something Mr. Obama or Mrs. Clinton would say.

Remember US ally Mohammed Morsi’s rant against Israel in January, calling them ‘Zionist blood suckers’ and descendants of apes and pigs?’ Mr. Obama and Mrs. Clinton continued their steadfast loyalty for Morsi after this was made known.

Christians have been under threat of annihilation because of The Brotherhood.

Under Morsi, The Muslim Brotherhood was beheading Christians in broad daylight in the streets.



Morsi supporters burned down government buildings in Giza in August. Terrorists rampaged through the Sinai attacking Christians and other minorities. Black Al Qaeda flags wave over churches.

USA Today reported in June that churches, houses, monasteries, orphanages, schools and businesses belonging to Copts were attacked in nine provinces “causing panic, losses and destruction for no reason and no crimes they committed except being Christians,” the Maspero Youth Union, a Coptic activist group, said Thursday.

The Brotherhood has been actively assaulting Syrian Kurds. The Brotherhood is attempting totopple the puppet government we put in place in Libya.

Egyptian Brotherhood members were at Benghazi on 9/11/12 and it is believed they are connected to the planning of the Benghazi attack. After the attack, Morsi played into the apocryphal story about the attack being caused by a video and issued arrest warrants for eight Americans connected to the film.

While Mr. Obama advocated for Morsi, leading Morsi politicians were saying this:

May Wisdom and the knowledge you gained go with you,



Jim Allen III
Skype: JAllen3D
Everything You Need For Online Success


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RE: The BUZZ2YA Presents Your Daily Dose Of Insanity USA Style
12/28/2013 12:53:24 PM
The Insanity is we keep electing these folks! WHY!!!

De Blasio sees “progressive movement” sweeping the nation. Per the Communist Manifesto, we’re already 80% there.


Read more at http://allenbwest.com/2013/12/de-blasio-sees-progressive-movement-sweeping-nation-per-communist-manifesto-already-80/#GHqqGubX0Xxl2MZx.99
http://allenbwest.com/wp-content/uploads/2013/12/Bill_de_Blasio_11-2-2013-300x180.jpg

A couple weeks ago, New York City Mayor-elect Bill de Blasio met with President Obama and 15 other hand-picked, newly-elected mayors to talk about a “progressive movement” sweeping the nation.

I sincerely hope he’s wrong, but when you examine The 10 Planks of the Communist Manifesto, it appears eight of them are in full flower in the US, meaning we could be 80 percent of the way there already.

Here’s the score so far:

1. Abolition of private property in land and application of all rents of land to public purpose. In June of 2011, while the nation was collectively focusing on Anthony Weiner’s privates, the president quietly signed Executive Order 13575 establishing the White House Rural Council to insert federal involvement in basically every aspect of life in rural areas. Per the order, the WHRC will “coordinate and increase the effectiveness of Federal engagement with rural stakeholders, including agricultural organizations, small businesses, education and training institutions, healthcare providers, telecommunications services providers, research and land grant institutions, law enforcement, State, local, and tribal governments, and nongovernmental organizations regarding the needs of rural America.” And don’t forget the government’s power of “eminent domain.”

2. A heavy progressive or gradated income tax. In 1913 when individual income tax was created, the top rate was just seven percent. Today the top marginal tax rate is 39.6 percent and according to the Democrats, it’s still not enough.

3. Abolition of all rights of inheritance. Currently the “death tax” rate is 40 percent for estates above approximately $5 million – but don’t forget, at the beginning of 2013 it was set to go up to 55 percent for estates above $1 million. That crisis was averted last New Year’s Eve to avoid toppling over the fiscal cliff, but don’t believe for a second it won’t be revisited at some point.

4. Confiscation of the property of emigrants and rebels. Here’s the thing: who decides what constitutes a rebel? And it doesn’t take a brain surgeon to connect the dots to IRS targeting of conservatives and Tea Party members.

5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.
In 1913, when personal income tax was created, we also got another gift: The Federal Reserve Bank, a national bank which controls monetary policy – regardless of national fiscal policy.

6. Centralization of the means of communication and transportation in the hands of the state.
The Federal Communications Commission was established in 1934 and the Department of Transportation in 1967.

7. Extension of factories and instruments of production owned by the state, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
See number one above and add to it the Community Reinvestment Act, auto and bank bailouts, Departments of Agriculture, Commerce and Labor and Interior, Bureaus of Land Management, Reclamation, Mines, the National Park Service – oh, and Obamacare.

8. Free education for all children in government schools.
The Department of Education and the teachers’ union control the education process. – and now they’re pushing for Common Core. According to Politicker, De Blasio said the group talked about universal pre-K and said a lot of the mayors talked about early childhood education as “one of the breakthrough things we have to do to change the dynamics.’ And of course Obama agrees: “There was real passion in the president’s voice when he talked about how fundamental it is to move forward an early education agenda in this country and I think we all now know clearly that he will be a partner in all we need to do.” Early indoctrination is key.

The two Communist planks we’re lagging on are:

Equal obligation of all to work. Given the anemic workforce participation rate and the continuing largesse of the government, work is definitely losing its appeal for many.

A more equitable distribution of the population over the country. Perhaps as the “success” of cities like Detroit is replicated across the nation, that will happen.

According to Politicker, de Blasio said after his meeting with Obama that “fighting inequality is the mission of our times.”

Really? I thought the mission was fighting the assault on our Constitution, our freedom and our way of life, but I’m old-fashioned that way.

De Blasio was especially giddy about the enthusiasm this “progressive movement” was receiving from the White House, saying, it was extraordinarily gratifying to hear the passion with which the president and the vice president spoke about this challenge that our country faces and their desire to be active partners with us addressing income inequality and so many other challenges we face.”

He’s right that we’re facing a challenge. We’re facing a challenge to our very soul as a nation. Soon it will be 2014. Thank God.


Read more at http://allenbwest.com/2013/12/de-blasio-sees-progressive-movement-sweeping-nation-per-communist-manifesto-already-80/#GHqqGubX0Xxl2MZx.99

May Wisdom and the knowledge you gained go with you,



Jim Allen III
Skype: JAllen3D
Everything You Need For Online Success


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