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The Biggest Scandal in US History That We’re Still Not Talking About

Pentagon_Money_lost
The above is roughly what 8.5 Trillion dollars would look like… and those are $100 bills.    Take another look and let that sink in for a bit…   I find it absolutely astonishing that the pentagon could lose track of this much money and for there to be no MSM coverage of this scandalous amount of mismanagement and fraud.  Where is the demand for accountability?  Why is the first question to ANY candidate for president not “What would you do about the massive fraud and waste at the Pentagon?”  Where are the hearings, nay indictments, that are warranted when a sum equal to  1/2 of our national debt can be sent to the pentagon to never be accounted for.  More below.

We progressives need to work this scandal into every political conversation we engage in, especially when we talk to conservatives. Cutting government spending and accountability aresupposed to be core GOP values.

Combine “Known” Pentagon waste (like the 1.5 Trillion dollar F35) with missing pentagon money and you have a good chunk of our entire national debt represented.

“What’s that?  Body cameras for all cops will be too expensive?  How bout we find 1/10,000th of the money we sent to the pentagon.”

“Oh really?  There’s 500 million in provable food stamp fraud going to poor people how bout the 8.5 TRILLION the pentagon can’t account for?”

“Oh really?  You think Obama care is going to cost us almost a trillion dollars over 15  years?  How about the 8.5 Trillion that just disappeared into the ether at the pentagon? What’s you’re take on that?”

“Oh really, you’re concerned about deficit spending and the debt?  Fully 1/3 of the national debt it is money we sent the Pentagon and they can’t tell us where it went.  It’s just gone.”

“College for everyone will cost too much? You must be really pissed at the  8.5 Trillion, with a ‘t’, dollars the pentagon’s spent and can’t tell us where it went.”

Bringing up this “open secret” exposes their hypocrisy, and draws attention to the lack of corporate media attention to this HUGE SCANDALOUS level of waste by the Military/Industrial/Media (<-should be new addition to the lexicon) complex ownership of government.  It seems for few hundred million in “be all you can be” ad buys the MSM will keep it’s mouth shut.  We need to press so called journalists to bring this issue front and center.   No candidate should be allowed to talk about government waste or big government with out being asked the follow up “What would you do about the massive 8.5 Trillion dollars the pentagon can’t account for?”

In short; nothing reinforces our position that the money for valuable social and infrastructure programs (that have provable returns on investment) is actually there than this scandal.   We need to harp on this until we get some answers and we need to leverage it more to shut down debate about desperately needed social program spending.       Money visualization grabbed from this site you should check it out HEREhttp://demonocracy.info/…

Here’s an additional point :   8.5 Trillion dollars represents about $70,000 from each of the 123 Million US households. Also of note is this is scandalous because the Pentagon has been required by law to be “audit ready” since 1996, but still has no real accounting systems.

(Source: http://www.dailykos.com/story/2015/08/19/1413372/-The-Biggest-Scandal-in-US-History-That-We-re-Still-Not-Talking-About)

North Dakota and Vermont – Precedents in Public Banking

Vermont is currently considering massive changes in the way it conducts banking by instituting a public bank of its own.

The proposal would give Vermont Economic Development Authority a banking license and allocate it 10% of taxes collected by the state, rather than the current scenario where large banks outside of the state hold (and use) Vermont’s money. With Vermont in control of its own finances, the state could use the money to fund projects that benefit the state and local economies, including granting loans to Vermonters.

More than 20 Vermont towns met this month to weigh the merits of public banking and the response was extremely favorable. By a margin of about 2:1, Vermonters advocated for public banking.

Preliminary calculations conducted by Vermonters for a New Economy indicate that public banking would be a boon for the state. The group estimates that the program would create more than 2,500 jobs and generate about $350 million annually. Considering that Vermont is a state with only 600,000 citizens, that’s a 1.26% boost in overall growth.

Vermont citizens also liked the idea of severing ties with Wall Street banks. For example, many Vermonters are disappointed to learn that their money is held by banks that are currently lobbying for the Keystone Pipeline, a project understandably opposed by residents in one of the nation’s greenest states. Additionally, though the bank would turn big profits, that wouldn’t be the sole motivation. For that reason, the state bank would not make risky, economy-crashing investments like the big-name corporate banks.

“A public bank for Vermont would create jobs and allow Vermonters to take control over our financial destiny at a time when everyone agrees that Wall Street’s corporate commercial banking model is deeply flawed at best,” said Rob Williams, a Vermont resident who supports the proposal.

Those afraid of whether public banking will actually work need look no further than North Dakota. The Peace Garden State is a pioneer in public banking, first establishing the institution 99 years ago. The Bank of North Dakota exists to help the state fund large projects, as well as offer inexpensive loans to students, businesses and farmers. Between 2000-2009, the bank pushed $300 million in earnings back to the state’s treasury. The financial stability and cushion that public banking affords the state has been credited with making North Dakota one of the states to best weather the recession in the past five years.

(Source: This is a short version of Care2.com original article here)

The Forthcoming of the Global Financial Collapse

Cenk Uyguy, co-founder of the Internet and talk-radio show The Young Turks (TYT) breaks down the case for the impending financial collapse of the modern economic system, due to the absence of governmental market regulation, neglectful and inconsiderate high-risk operations by the private banking system and a massive US debt of 639 trillion dollars in the derivatives market – a value equal to ten times the size of the world economy. As if this wasn’t enough, in the near future the market regulations will further decrease and it’s estimated that the trade operations will reach new heights of risk, putting us nowhere but on the highway to an inevitable total global financial collapse.

“A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting reckless speculation, enhancing the prospect of another derivatives crisis, warn some market participants.”

The Dodd-Frank financial reform law came into effect in 2007 in response to the financial crisis – it required safeguards for investors to cover losses on their derivatives trades. But what if investors found another, risky, way around that? That’s what’s happening now. Is it time to start the financial armageddon clock?”

(source: The Young Turks Youtube Channel)

See the original video on Youtube explained in Cenk Uyguy’s unique charisma:

http://www.youtube.com/watch?v=vg2YYpbMoyE&list=UU1yBKRuGpC1tSM73A0ZjYjQ

How Chaos Theory Affects the Course of Human Affairs.

We all have heard of the Chaos Theory (also known as the Butterfly Effect) in one way or another. The concept is quite simple, a butterfly flaps its wings in Brazil creating a chain of events that will lead to a tornado in Texas a few days later. It’s an interesting concept that embodies the togetherness of the Whole and demonstrates how all things and events are knitted together in the endless fabric of space and time, even though the complexity may be way too great for our human intellect to grasp. Anyway, like all great Truths in the Universe, this concept can be transposed to other fields of human knowledge whether its value is positive, negative or neutral.

Allow me to explain.

Home Economics. One might prefer to buy a product because it’s cheaper, knowing fully well that the company that produces it is not environmentally/socially/politically friendly. The harm done is innocuous, how can such a simple purchase decision have the capacity to affect the world? The truth is, like a gentle breeze is strewn from the wings of the butterfly, that purchase decision will create the incentive for that company to continue production using its unethical ways which will sooner or later fall upon the consumer that is responsible for the decision on the first place.

How?

Environmental. China is dealing with a serious problem of pollution right now. Not only Beijing, but also Shanghai, Guangzhou and several other regions in the country. This is cause mainly by excessive and undiscriminated factory production and oil-combustion based vehicles. Along the last decade, United States has been allocating their production centers to China, the workforce is cheap, the ethical values for employees are flexible, etc. Also, they sell a lot of oil to China to fuel the exponential increase in private car purchases by the growing medium-class in the Chinese population. So, was it really a surprise when the United States discovered that their pollution levels were rising from an outside source? Where? China of course. The wind was carrying the pollution all the way back to the States. Unfortunately this makes it a lot harder for the US government to control its pollution levels since they have no hand in the affairs of Chinese politics.

And last, but definitely not least…

Financial. The world is drowned in loans as everyone knows. It matters not if we are referring to people, governments or organizations. The debt numbers have reached astronomical values and grow every passing minute. What few people know is that there is an awful truth concealed behind the mask of debt. Let’s imagine that you apply for a 10.000 loan with a 5% interest rate. This means that whenever the totality of the loan has been paid you would have paid a total amount of 10.500 dollars, thus, at the end of the day there will be more 500 dollars in circulation in the global economy that were created out of thin air, without any material deposit to support it. More money in circulation means a greater inflation rate for the whole economy. A greater inflation rate means that you will need more money next year to buy the exact same things that you bought this year, but if the money is, in fact, worth less then maybe, just maybe, you will need another loan. As you probably understood, this is the vicious cycle that haunts our world today and it’s what makes us slaves to money, debt and the banking system. In truth, it all started with a small loan for 10.000 dollars once and is now a race towards the cliff of inescapable global financial and economic collapse.

.Have no illusions, you are powerful and your decisions affect the world. Choose wisely.