Even more link barrage? Fitts on the Fed/mortgage/Narco-dollars & other fun items

Blah... I have been going all over doing who knows what this month. A lot of cool things accomplished, but many badass items are stuck at 70% completion. Yet I constantly want to shuffle onto more nifty projects. There are so many radical changes going on that it's hard to try and keep tabs on everything.

Anyway. Time for tons of links.

If you complain about Comcast online, you may get them to give you the secret discounts. My Twitter Comcast Story | zarzax the blog This guy also bailed on Drupal for Wordpress. (so sad). Really tho, Drupal and Wordpress have different purposes, and it's more suited for the linear personal blogs (and the plugins have certainly gotten pretty good).

White House Using Google Moderator For Town Hall Meeting. And AppEngine. And YouTube.

Clusterfuck Nation by Jim Kunstler : Full Commanding Denial

and also: Clusterfuck Nation by Jim Kunstler : What Next?

The collapse of complex systems is actually predicated on the idea that the systems would mutually reinforce each other's failures. This is now plain to see as the collapse of banking (that is, of both lending and debt service), has led to the collapse of commerce and manufacturing. The next systems to go will probably be farming, transportation, and the oil markets themselves (which constitute the system for allocating and distributing world energy resources). As these things seize up, the final system to go will be governance, at least at the highest levels.
     If we're really lucky, human affairs will eventually reorganize at a lower scale of activity, governance, civility, and economy. Every week, the failure to recognize the nature of our predicament thrusts us further into the uncharted territory of hardship. The task of government right now is not to prop up doomed systems at their current scales of failure, but to prepare the public to rebuild our systems at smaller scales.

Police raid home of Wikileaks.de domain owner over censorship lists - Wikileaks

The Easiest Way to Use Any Font You Wish - Nettuts+

MinnPost - Braublog: The man who 'out-Sid' Sid Hartman

James K. Galbraith: No Return to Normal - Why the economic crisis, and its solution, are bigger than you think | The Agonist

Between Kunstler and Kurzweil | The Agonist

Kurzweil has a weird movie coming out:

The weirdo filez: Educate-Yourself.org:The Freedom of Knowledge; The Power of Thought

WE heard the Israelis were wack but this is serious: Gaza_pregnant_woman.jpg picture by tr_gentry - Photobucket

Economic madness: Tomgram: A Second 9/11 in Slow Motion

The feds must investigate AIG's fishy $12.9 billion payment to Goldman. - By Eliot Spitzer - Slate Magazine

Florida sneeky business: sketch guy who wound up with the Terror Flight School hangar in Florida also ran a ponzi scheme. Bernie Madoff, "Mini M," & Mohamed Atta

Drugs and "loophole airlines" as well! Charter Company Ran Second Jet Off Runway

Check this! The Fed Did Indeed Cause the Housing Bubble at The Catherine Austin Fitts Blog

My company served as lead financial advisor to the Federal Housing Administration between 1994 and 1997. I watched both the Administration and the Federal Reserve aggressively implement the policies that engineered the housing bubble. These are described at my website and in my on-line book,Dillon Read & the Aristocracy of Stock Profits(http://www.dunwalke.com).

One story, for example, is the following:
“In 1995, a senior Clinton Administration official shared with me the Administration’s targets for Fannie Mae and Freddie Mac mortgage volumes in low- and moderate-income communities. We had recently reviewed the Administration’s plans to increase government mortgage guarantees — most of these mortgages would also be pooled and sold as securities to investors. Even in 1995, I could see that these plans would create unserviceable debt loads in communities struggling with the falling incomes expected from globalization. Homeowners would default on mortgages while losses on mortgage-backed securities would drain retirement savings from 401(k)s and pension plans. Taxpayers would ultimately be hit with a large bill . . . but insiders would make a bundle. I looked at the official and said that the Administration was planning on issuing more mortgages than there were houses or residents. “Shut up, this is none of your business,” the official snapped back.”

From: “Sub-Prime Mortgage Woes Are No Accident” (http://solari.com/news/announcements/08-07-07/)

One of the dirty little secrets behind the housing bubble is the long standing partnership of narcotics trafficking and mortgage fraud and the use of the two in combination to target and destroy minority and poor communities with highly profitable economic warfare. This model is global. It is operating in counties throughout the world as well as in US communities.

Of all the actions that the Federal Reserve took to engineer this housing bubble, the one that I would note is Mr. Greenspan’s efforts to pacify Congresswoman Waters regarding allegations of government sponsored narcotics trafficking at a time when open Congressional hearings would have contributed to an important discussion of the operations engaging in mortgage fraud in minority communities. See, “Financial Coup d’Etat,” Chapter 16, Dillon Read & the Aristocracy of Stock Profits which was written in 2005 and published in April 2006, drawing from an article I first published in May 1999.

“On December 18, 1997, the CIA Inspector General delivered Volume I of their report to the Senate Select Committee on Intelligence regarding charges that the CIA was complicit in narcotics trafficking in South Central Los Angeles. Washington, D.C. ’s response was compatible with attracting the continued flow of an estimated $500 billion–$1 trillion a year of money laundering into the U.S. financial system. Federal Reserve Chairman Alan Greenspan in January 1998 visited Los Angeles with Congresswoman Maxine Waters — who had been a vocal critic of the government’s involvement in narcotics trafficking — with news reports that he had pledged billions to come to her district. In February Al Gore announced that Water’s district in Los Angeles had been awarded Empowerment Zone status by HUD (under Secretary Cuomo’s leadership) and made eligible for $300 million in federal grants and tax benefits.”

But wait - there's more! Fitts sez to some dumb square who says he was an honest narc, in the comments:

Perhaps you would like to explain to us how a half a trillion military and intelligence establishment is helpless up against all those African-American teenagers? Or why the NY Fed/Fed wires and clearing systems that aggregate and control all wire transfers and clearance are helpless to notice $500 billion - $1 trillion plus of annual money laundering.

The reality is that no one needs to waste time running in circles on evidence games related to one particular narcotics trafficking operation. The truth is so obvious and the corruption so blatant that we can just use our common sense.

Who is running the high margin, profitable businesses? The people with the money or the poor people?

As someone once said to me, “I know how organized crime works. I dealt with the mafia when I was growing up. All I need to know when I watch the Harvard Endowment operate, is that I am watching the mafia model. Once I get over that I was the patsy and really did not know that the system was not legitimate, it is relatively easy to understand my world.”

Good times! Stand by for a little more along these lines! :-)