Moment of Clarity by Lee Camp

A quick sum up of our present socio-economical situation by Comedian/Activist Lee Camp’s unique eloquence – from the enslavement of the economies of developing countries to the morally empty capitalist elite and the reasons for the ongoing dumbing-down of the population – it’s all here in this awesome 6 minute rant.

More on leecamp.net

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Good News Roundup – May 2013

Here is the monthly roundup of both big and small victories for the good-doers for May 2013.

Any other relevant articles please post on the comment section below.

Regarding the protection of bees and their importance to the global ecosystem:

EU bans pesticides over bee fears (Reuters)
Bee-harming pesticides escape proposed European ban (The Guardian)
EU says it will push through better bee protections after members disagree over pesticides (Washington Post)
Save the bees: Protesters swarm around Parliament in support of pesticides ban (Mirror)
Historic vote to ban neonicotinoid pesticides blamed for huge decline in bees (The Independent)
EU to ban pesticides linked to bee decline (Al Jazeera)
European Union imposes ban on pesticides linked to bee deaths (RFI)
EU to ban bee-killing pesticides (EU Observer)

Animal Protection:

The Protection of sea turtles in Mexico
Tarzan the tar-covered cat is saved by good Samaritan
Goat escapes from slaughterhouse to freedom
New York rescue crew saves ducklings from storm drain (with video)
State of Nevada bans dog breed discrimination
Stories of 2 homeless and their beloved dogs

Corporate:

Investment in alternative clean energies (solar energy) by Verizon
Monsanto surrenders and ends all lobbying in Europe

Technology:

3D printing changing the world for the better

Is The Federal Reserve Bank Finally In The Spotlight?

Below is a short excerpt of the Financial Services Subcommittee on the Oversight and Investigations hearing of May 5, 2009, about the missing 9 Trillion Dollars from the Federal Reserve Bank in off-balance-sheets (Off-balance-sheet = asset, debt or financing operation out of a company’s balance sheet. Off balance sheet items are of particular interest to investors trying to determine the financial health of a company. These items are harder to track, and can become hidden liabilities. Collateralized debt obligations, for instance, may become a toxic asset before investors realize a company’s exposure. source: infopedia). Despite the sheer immensity of this amount of money, apparently no one, not one single person, including the Inspector General for the FED (therein being interrogated) has any knowledge regarding the identity of the players or the nature of the operations that happen inside the Federal Reserve Bank or, for that matter, where the 9 Trillion Dollars (roughly 30.000 dollars for every man, woman and child on the United States) in fact went.  One would think an entity with such overwhelming responsibility for the quality of life of the people of the United States would be better supervised. No. Surprisingly enough, without accountancy or responsibility, this impressive sum simply vanished.

Until the culprits are found, one should look, nevertheless, into the repercussions that such alleged negligence would impose upon the economy of the country and its people. This sum would mean, of course, that an amount of capital the size of roughly 64% the whole economy of the United States just went missing (9 trillion dividing by a total of 13.9 trillion nominal GDP). By following simple economic thought, one would reach the conclusion that an amount this big injected into the economy and then removed would create an huge inflation in the money supply of the economy followed by a massive depression that would ripple through the economy and certainly lead to… an economic crisis?!

It is important to remember that responsibility for the printing of all United States currency was placed upon the Federal Reserve Bank back in 1913, and since its creation not only has economy crippled through continuous financial crisis, but also all nation has been deprived of most of its gold that also went to the Federal Reserve and later disappeared as collateral for the debt of the United States` citizens, leaving the people with little more than green pieces of paper that should be backed by the gold that disappeared.

“Financial crises directly result in a loss of paper wealth but do not necessarily result in changes in the real economy.” (source: Wikipedia)