Philip Giraldi: The Corruption of Empire

Philip M. Giraldi, Ph.D. is the Francis Walsingham Fellow at The American Conservative Defense Alliance (www.ACDAlliance.org) and a former CIA counter-terrorism specialist and military intelligence officer.

Philip Giraldi was the foreign policy advisor to Ron Paul during his last presidential run.

giraldi
Philip Giraldi


Deputy Secretary of Defense Paul Wolfowitz predicted in 2003 that the cost of the Iraq war would be covered by Iraqi oil revenue, which would also pay for reconstruction. The Iraq war has in fact cost the United States more than $900 billion, including more than $145 billion US and Iraqi dollars for rebuilding and local contracting to support US forces. Six years of reconstruction has been a failure, with most projects unfinished or so poorly built that they have been abandoned. Water and electricity has not been restored to the level enjoyed under Saddam Hussein. Even those inclined to look on the bright side acknowledge that at least $13 billion has been lost to fraud, theft, and waste. Most would put the number much higher, possibly as much as $125 billion if one includes both American and Iraqi money.

Just as the United States is winding down its reconstruction of Iraq, the largest nation building project in history, President Obama wants to do the same for Afghanistan only do it better and bigger. Before he gets in too deep, he should listen to the non-partisan Government Accountability Office (GAO) which is sounding alarm bells over concerns that the White House is not sharing with it plans for the reconstruction. GAO envisions massive multi-billion dollar shortfalls bringing projects crippled by corruption and waste grinding to a halt. Government auditors note that more than $5 billion in reconstruction funds already cannot be accounted for in Afghanistan.

Read morePhilip Giraldi: The Corruption of Empire

The Obama Stimulus Failed: States Use Stimulus Money for Short-Term Needs, Audit Shows

And by the way, Keynesianism (Deficit spending) is outdated and poison for the economy.

I am repeating myself here but people need to know that all of this is done by design, planned by the elite and executed by their puppets like Obama, Bernanke, Bush, Clinton, Greenspan, Geithner etc.

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” – Alan Greenspan

hope-nosis-obama

Those criminals are looting the taxpayer all of the time. No bailout and no stimulus package was ever benefiting the people in the US, but it is the taxpayer that has to pay for it all. The government and the Fed are intentionally destroying the dollar and the economy. The US is totally broke.

Ron Paul: The Obama administration gives a tremendous amount of more power to the Federal Reserve, the very institution that created our problem (6/18/09)

Gerald Celente: It is Obamageddon

JIM ROGERS WAS RIGHT (05/06/09):
“There is a very good chance that America will default on its government debt sometimes during this administration.”
“And there is an extremely good chance that the currency will be very debased and weakened a lot during this presidency.”

Now this genius (Obama) comes along and says: ‘We are doing more of the same’!”
“It’s not going to work.”


The Government Accountability Office, in a report released Wednesday, finds that the $787 billion stimulus package is being used to “cushion” state budgets, prevent teacher layoffs, make more Medicaid payments and head off other fiscal problems.

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A person fills out an application for a summer job funded by stimulus money in Forth Worth, Texas, on June 10. (Reuters Photo)

Cash-strapped states have used federal stimulus dollars to close short-term budget gaps and avert major tax increases but generally have not directed the money toward long-term expansion, according to a new report.

The report released Wednesday by the Government Accountability Office, Congress’ investigative arm, found that the $787 billion stimulus package is being used to “cushion” state budgets, prevent teacher layoffs, make more Medicaid payments and head off other fiscal problems.

The Congressional Budget Office estimates that only 10 percent of the Recovery Act funds have been released so far, with about half of the money expected to be spent by October 2010. That dispersed money is being used to prioritize short-term projects and needs over more ambitious goals, the GAO report states.

For example, the GAO said about half the money set aside for road and bridge repairs is being used to repave highways, rather than build new infrastructure. And state officials aren’t steering the money toward counties that need jobs the most, auditors found.

Taxpayers have also recently complained that the federal government has wasted money by advertising stimulus-funded construction projects with road signs which costs between $500 and $1,200 to produce.

Read moreThe Obama Stimulus Failed: States Use Stimulus Money for Short-Term Needs, Audit Shows

Ron Paul Wins Support to Audit Fed Reserve

Rep. Ron Paul so far has won 245 co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

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Rep. Ron Paul, shown here speaking to the American Conservative Union last February, is winning supporters to a new bill. (Reuters Photo)

All of a sudden, Congress is paying close attention to Ron Paul.

The feisty congressman from Texas, whose insurgent “Ron Paul Revolution” presidential campaign rankled Republican leaders last year, now has the GOP House leadership on his side — backing a measure that generated paltry support when he first introduced it 26 years ago.

Paul, as of Tuesday, has won 245 co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

Related articles:
Ben Bernanke is a Total Failure Unsuited for Role as Fed Chairman
Ben Bernanke warns on auditing the Federal Reserve
Ron Paul: The Obama administration gives a tremendous amount of more power to the Federal Reserve, the very institution that created our problem (6/18/09)

Paul attracted just 18 co-sponsors when he authored a similar bill, which died, in 1983. While the impact Fed policies have on inflation is once again a concern, fears about loose monetary policy and excessive federal spending appear even more widespread in 2009.

“In the past, I never got much support, but I think it’s the financial crisis obviously that’s drawing so much attention to it, and people want to know more about the Federal Reserve,” Paul told FOXNews.com.

With the Federal Reserve holding interest rates at rock-bottom levels, pumping trillions into the economy and now poised to have new powers to oversee the financial system under President Obama’s proposed regulatory overhaul, Paul said lawmakers want transparency.

“If they give them a lot more power and there’s no more transparency, that’ll be a disaster,” he said.

Read moreRon Paul Wins Support to Audit Fed Reserve

US is a weapons supermarket for terrorists, inquiry finds

Undercover inspectors manage to buy high-grade gear including nuclear triggers and evade export bans

The US is a virtual supermarket for terrorists and foreign governments seeking high-end military technology, including components that can be used to build nuclear weapons and equip militants fighting US and British troops, the American government has found.

Over the past year, government investigators posing as private buyers purchased military-grade body armour, technology to stabilise and steer guided missiles, a device that can be used to detonate nuclear weapons, and other munitions through legal means in the US. They evaded export controls and posted dummy versions of the gear to countries known as trans-shipment points for terrorist groups and foreign governments seeking arms and weapons components.

The investigation shows lax sales restrictions and export controls could allow terrorists and hostile foreign governments to buy equipment to use against US and British troops in Afghanistan, Iraq and other countries, US officials say. Foreign governments and terrorist groups have sought to purchase military technology from the US, according to officials, and in 2008 more than 145 people were charged with violating export control laws, with 43% of those attempting illegally to ship gear to Iran and China.

The private US companies that provided the equipment – in some cases from government surplus – said they were not required to check buyers’ backgrounds or obtain government licences for the sales. The US commerce department found that the companies selling the equipment had not violated any laws or regulations. The problem, investigators said, was that sensitive military equipment barred from export was often legal to sell within the US, with little restriction, and buyers need only establish a plausible front company.

Read moreUS is a weapons supermarket for terrorists, inquiry finds

How the US forgot how to make Trident missiles

Inquiry cites loss of files and key staff as reason for $69m repair delay

PLANS TO refurbish Trident nuclear weapons had to be put on hold because US scientists forgot how to manufacture a component of the warhead, a US congressional investigation has revealed.

The US National Nuclear Security Administration (NNSA) “lost knowledge” of how to make a mysterious but very hazardous material codenamed Fogbank. As a result, the warhead refurbishment programme was put back by at least a year, and racked up an extra $69 million.

According to some critics, the delay could cause major problems for the UK Trident programme, which is very closely tied to the US programme and uses much of the same technology. The US and the UK are trying to refurbish the ageing W76 warheads that tip Trident missiles in order to prolong their life, and ensure they are safe and reliable. This apparently requires that the Fogbank in the warheads is replaced.

Read moreHow the US forgot how to make Trident missiles

Firms defraud government but get new US contracts

More information:
KBR wins Pentagon contract despite criminal probe of deaths
Halliburton accused of supplying rotten food to U.S. forces
KBR, Partner in Iraq Contract Sued in Human Trafficking Case
US Troops in Iraq talk about Halliburton & KBR (Flashback)



U.S. soldiers secure the area next to a damaged U.S. mine resistant, ambush protected vehicle (MRAP), after a roadside bomb explosion during an operation in the area of Al-leg, some 40 miles south of Baghdad, Iraq. The Army is updating its manual for the electronic battlefield — a move aimed at protecting soldiers against roadside bombs and other nontraditional warfare used by increasingly sophisticated insurgents. (AP)

WASHINGTON – Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.

Payments went to a company whose president tried to sell nuclear bomb parts to North Korea, a company that jeopardized lives on the aircraft carrier USS John F. Kennedy, and a seller of body armor that the Air Force said was defective.

The companies were on a government database of 70,000 individuals and businesses suspended or barred by various U.S. agencies from receiving government contract work.

Read moreFirms defraud government but get new US contracts

US lost track of Afghan weapons

In case you still think that the government is ‘just’ stupid:

Flashback:
Donald Rumsfeld: Pentagon Cannot Account For 2,3 TRILLION Dollars (CBS News)

Nobody can be that stupid.

The government did the same mistake in Iraq before:
“The report is reminiscent of an August 2007 study, also by the GAO, which found the US military could not account for some 190,000 rifles and pistols given to security services in Iraq.”

The truth is that …

Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money Laundering

– Former Assistant Secretary of the Treasury Paul Craig Roberts On The U.S. Leadership: “They Are Criminals”; The Potential Here Is Far Worse Than The Great Depression


The Pentagon admits that there are failures tracking weaponry

The US military has failed to keep track of thousands of weapons shipped to Afghanistan, leaving them vulnerable to being lost or stolen, a report says.

The report has been compiled by congressional auditors, the US Government Accountability Office (GAO).

It found that, in the four years up to June 2008, the US military failed to keep complete records on some 222,000 weapons entering the country.

The report will be discussed in the US House of Representatives on Thursday.

It states that weapons supplied by the US to the Afghan military “are at serious risk of theft or loss”.

The report says:

  • US military officials failed to keep proper records on about 87,000 rifles, pistols, mortars and other weapons sent to Afghanistan between December 2004 and June 2008 – about a third of all the weapons sent
  • There was a similar lack of management of a further 135,000 light weapons donated to Afghan forces via the US military by 21 countries
  • The military failed even to record the serial numbers of some 46,000 weapons, making it impossible to confirm receipt of weapons or identify any which had fallen into the hands of militants
  • The serial numbers of 41,000 weapons were recorded, but US military officials still had no idea where they were

Read moreUS lost track of Afghan weapons

GAO: 83% of big U.S companies, contractors use offshore tax havens

Citigroup – which has received $25 billion from the bailout fund, plus $300 billion in government guarantees – has set up 427 tax haven subsidiaries to do business: 91 in Luxembourg, 90 in the Cayman Islands and 35 in the British Virgin Islands. Other havens include Switzerland, Hong Kong, Panama and Mauritius.”



The Government Accountability Office (GAO) has just issued a report showing that most of the nation’s largest public companies and government contractors rely on offshore subsidiaries to do business and cut their tax bills. Some of these same firms – including big banks and insurers – have already received tens of billions in taxpayer money from the federal bailout fund.

Citigroup, Bank of America, Morgan Stanley, American International Group, American Express have set up hundreds of tax-haven subsidiaries, the report states. All have taken billions from the bailout fund. Pepsi and Caterpillar, both of which have received billions in tax dollars from being major government contractors, also shelter revenue in offshore subsidiaries, The Washington Post says.

Read moreGAO: 83% of big U.S companies, contractors use offshore tax havens

Satellite-Surveillance Program to Begin Despite Privacy Concerns

WASHINGTON — The Department of Homeland Security will proceed with the first phase of a controversial satellite-surveillance program, even though an independent review found the department hasn’t yet ensured the program will comply with privacy laws.

Congress provided partial funding for the program in a little-debated $634 billion spending measure that will fund the government until early March. For the past year, the Bush administration had been fighting Democratic lawmakers over the spy program, known as the National Applications Office.

Read moreSatellite-Surveillance Program to
Begin Despite Privacy Concerns

US: Most companies paid no federal income taxes

Report says most corporations pay no federal income taxes; lawmakers blame loopholes

WASHINGTON (AP) – Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.

Collectively, the companies  reported trillions of dollars in sales, according to GAO’s estimate.

Read moreUS: Most companies paid no federal income taxes