Saturday, May 30, 2009

Search Warrant Not Needed

I don't know about you but it is sure starting to feel like a "Police State" to me.  You have more than likely already been deemed a threat by Nazi Napolitano so consider this scenario. You may be under the impression that you have rights after all you are a law abiding citizen (remember you have already been determined to be an Extremist though) so you have no reason to worry about Police coming to your home and if they did come for no reason you have rights they need a search warrant or do they?

You may not know it, but if you have a wireless router, a cordless phone, remote car-door opener, baby monitor or cellphone in your house, the FCC claims the right to enter your home without a warrant at any time of the day or night in order to inspect it.

That’s the upshot of the rules the agency has followed for years to monitor licensed television and radio stations, and to crack down on pirate radio broadcasters. And the commission maintains the same policy applies to any licensed or unlicensed radio-frequency device.
“Anything using RF energy — we have the right to inspect it to make sure it is not causing interference,” says FCC spokesman David Fiske. That includes devices like Wi-Fi routers that use unlicensed spectrum, Fiske says.
The FCC claims it derives its warrantless search power from the Communications Act of 1934, though the constitutionality of the claim has gone untested in the courts. That’s largely because the FCC had little to do with average citizens for most of the last 75 years, when home transmitters were largely reserved to ham-radio operators and CB-radio aficionados. But in 2009, nearly every household in the United States has multiple devices that use radio waves and fall under the FCC’s purview, making the commission’s claimed authority ripe for a court challenge.
“It is a major stretch beyond case law to assert that authority with respect to a private home, which is at the heart of the Fourth Amendment’s protection against unreasonable search and seizure,” says Electronic Frontier Foundation lawyer Lee Tien. “When it is a private home and when you are talking about an over-powered Wi-Fi antenna — the idea they could just go in is honestly quite bizarre.”

George Washington University professor Orin Kerr, a constitutional law expert, also questions the legalilty of the policy.
“The Supreme Court has said that the government can’t make warrantless entries into homes for administrative inspections,” Kerr said via e-mail, refering to a 1967 Supreme Court ruling that housing inspectors needed warrants to force their way into private residences. The FCC’s online FAQ doesn’t explain how the agency gets around that ruling, Kerr adds.
The rules came to attention this month when an FCC agent investigating a pirate radio station in Boulder, Colorado, left a copy of a 2005 FCC inspection policy on the door of a residence hosting the unlicensed 100-watt transmitter. “Whether you operate an amateur station or any other radio device, your authorization from the Commission comes with the obligation to allow inspection,” the statement says.

The notice spooked those running “Boulder Free Radio,” who thought it was just tough talk intended to scare them into shutting down, according to one of the station’s leaders, who spoke to on condition of anonymity. “This is an intimidation thing,” he said. “Most people aren’t that dedicated to the cause. I’m not going to let them into my house.”
But refusing the FCC admittance can carry a harsh financial penalty. In a 2007 case, a Corpus Christi, Texas, man got a visit from the FCC’s direction-finders after rebroadcasting an AM radio station through a CB radio in his home. An FCC agent tracked the signal to his house and asked to see the equipment; Donald Winton refused to let him in, but did turn off the radio. Winton was later fined $7,000 for refusing entry to the officer. The fine was reduced to $225 after he proved he had little income.
Administrative search powers are not rare, at least as directed against businesses — fire-safety, food and workplace-safety regulators generally don’t need warrants to enter a business. And despite the broad power, the FCC agents aren’t cops, says Fiske. “The only right they have is to inspect the equipment,” Fiske says. “If they want to seize, they have to work with the U.S. Attorney’s office.”
But if inspectors should notice evidence of unrelated criminal behavior — say, a marijuana plant or stolen property — a Supreme Court decision suggests the search can be used against the resident. In the 1987 case New York v. Burger, two police officers performed a warrantless, administrative search of one Joseph Burger’s automobile junkyard. When he couldn’t produce the proper paperwork, the officers searched the grounds and found stolen vehicles, which they used to prosecute him. The Supreme Court held the search to be legal.
In the meantime, pirate radio stations are adapting to the FCC’s warrantless search power by dividing up a station’s operations. For instance, Boulder Free Radio consists of an online radio station operated by DJs from a remote studio. Miles away, a small computer streams the online station and feeds it to the transmitter. Once the FCC comes and leaves a notice on the door, the transmitter is moved to another location before the agent returns. 
Hat Tip Wired...

Wednesday, May 27, 2009

Morticians Association of America Endorses BO's Plans

Hat tip...Reason TV

Prediction Economic Eclipse into Darkness 2009


Americans will be Hoping for Change (buddy can you spare a dime?) for years and years when The Resident finishes destroying our nation I can tell you painting the roofs "White" is not going to save America.  Mark my words a very Dark Future is beginning.

Faber guarantees a "Zimbabwe" Style Inflation. Auto bailouts. Wall street’s golden parachutes. The needless creation of more and more gov’t entities… The Smelly One and the Feds are burning your money, right before your eyes…

And you ain’t see nothing yet.

Imagine going to the grocery store tomorrow to find that a loaf of bread costs $32. A dozen eggs cost $41. And milk? How’s $51 a gallon sound?

What the gov’t and mainstream media doesn’t want you to know is that we’re dangerously close to U.S. hyper-inflation– where the velocity of money into the system sends the price of goods up hundreds of percent a day. Thousands per month. And millions per year.Your wealth will be destroyed in days. And if you think hyper-inflation couldn’t happen here in the U.S. , you’re dead wrong.

There are now references being made to The Long Depression and that wasn't the 1929 Crash it was the worldwide economic crisis experienced in the 1870's that started with the Panic of 1873. The Residents spending even while he himself says America is broke is going to be the straw that broke Americas Back.

"There are all sorts of rumblings coming from China and other parts of the world. 

There should be.

Our "regulatory institutions", including the OTS, FDIC and The Fed itself, have been derelict in their duties - at minimum - for years.  The OTS has, according to the OIG monitoring it, actually encouraging what amounts to bank fraud in some of the institutions it oversees!  The FDIC has ignored "prompt corrective action" to the tune of losing some $50 billion taxpayer dollars over the last year and change, and then The Fed is buying hundreds of billions of Fannie and Freddie paper for which they have no legal authority to acquire, say much less operating three LLCs that they can't legally own.

This sort of lawlessness along with Congressional failure to hold The Fed to account set forth a great example for The Obama Administration when it decided to decree "ex-cathedra" that creditor priority in bankruptcy is no longer the statutory law of The United States.

If one agency can decide on its own initiative that the law is in fact a "polite suggestion" why not two, three or four more?

Finally, we had Obama say this weekend that "we're out of money".  Gee, you just figured that out Mr. President? "

Our AAA rating will soon be gone. 

"Under President Barack Obama’s budget plan, the federal debt is exploding. To be precise, it is rising – and will continue to rise – much faster than gross domestic product, a measure of America’s ability to service it. The federal debt was equivalent to 41 per cent of GDP at the end of 2008; the Congressional Budget Office projects it will increase to 82 per cent of GDP in 10 years. With no change in policy, it could hit 100 per cent of GDP in just another five years.

“A government debt burden of that [100 per cent] level, if sustained, would in Standard & Poor’s view be incompatible with a triple A rating,” as the risk rating agency stated last week. "

The Dollar is on its way to being Doomed, smaller Banks that didn't pay the Chi Town way to play are dropping like Flies. China is and has been for a while slowing the purchasing of our Debt and I do not blame them there is no way possible we will be able to pay them back and they have their own problems.  We have ZERO Fiscal Responsibility and the majority of Americans are losing the wealth they invested in the Dream which was by and large their single most valuable asset while at the same time being Forced to pay more and more for everyone elses poor choices or pet projects in the form of Real Estate and other taxes.  Do not kid yourself either Home Sales are not just Bad they are getting Worse!

"The world of 2009 has become insolvent and the war of rates is about to begin (8), causing the ruin of all those who invested in Treasury bonds issued by countries incapable of remaining solvent if the rates rise again, i.e. heavily indebted states (or other economic players). "

You can add that to the losses incurred by millions and millions of Americans in their 401Ks and uh oh Social Security is going broke much sooner then they said and where will they work now that our filthy politicians have seen fit to enter into Unfair Trade Agreements like Nafta, Cafta, etc. and The Resident has now backtracked on his promise of reopening Nafta to make it Fair to Americans.

If it were a Game show question - You are broke, you have self serving politicians who entered into Unfair Trade Agreements resulting in the loss of manufacturing and jobs do you...
A. Pay down your debt and save some money for a rainy day?  B. Spend like there is no tomorrow and Hope you win the Lottery to pay for it or Tax those who still have jobs to a point where they too are better off quitting and getting welfare themselves until no one is left to pay?

For reasonably intelligent people there would be no question as to the correct answer but for those who have the "Buy a Cadillac Mentality" even though they do not have a place to park it and will eventually have it repossessed when they cannot make the payment, like The Resident we are Doomed to Economic Darkness and hardships and will be for years to come!

I find it Ironic now when I see people lamenting about The Residents policies being unfair or unjust.We should not have bailed out his Banker buddies or the Losers who took the Loans they knew they could not afford to pay back in the first place!  I did not want to pay for the Bank Bailout either no more than I want to pay for Poor California (Boo Hoo), if you want to have Hoards of Illegal Aliens overburdening the schools and health systems well actions have consequences and the rest of us in America should not be expected to foot the bill for all your States Stupidity we all have our own filthy politicians stealing us blind to pay for others bad choices including the bad choice of the Smelly One picking our pockets and trying to force all of us to pay for Illegal Aliens!  

Had they done a thorough job vetting Mr. Hopenosis they would have found out he was purchased by the Banks and the Elites hell they were the largest contributors even to the Abominations Inauguration and what is that old saying about you can't serve 2 masters?  Either he is corrupt The Looting Has Become Brazen or he is just stupid.

The pitiful people who voted for him were or are not bright enough to realize that and as a consequence we and future generations of Americans will be suffering the consequences.

Remember the Y2K scare?  Well this will be for real with The Residents policies of bailing out his backers at the Banks and his Cadillac spending Mentality we will have an Economic Eclipse where Darkness will Reign for a period exceeding the Long Depression by several years.   I believe this will be the Worse Depression in the History of the World and I advise you to learn all about Survival and go about making plans for the Long DARK period ahead to envision this scenario think Zimbabwe.


Thursday, May 21, 2009


Fed Doing Excellent Job Of Covering Its Ass

benbernankescruff_tbi.jpgIs the Fed bullish or bearish about the economy? Let's go to the Minutes:

The staff's projections for economic activity in the second half of 2009 and in 2010 were revised up, with real GDP expected to edge higher in the second half and then increase moderately next year. The key factors expected to drive the acceleration in activity were the boost to spending from fiscal stimulus, the bottoming out of the housing market, a turn in the inventory cycle from liquidation to modest accumulation, and ongoing gradual recovery of financial markets... Looking out to 2011, the staff anticipated that financial markets and institutions would continue to recuperate, monetary policy would remain stimulative, fiscal stimulus would be fading, and inflation expectations would be relatively well anchored. Under such conditions, the staff projected that real GDP would expand at a rate well above that of its potential, that the unemployment rate would decline significantly, and that overall and core PCE inflation would stay in a low range.

Sounds like the Fed's bullish! 

But wait...

Although the near-term economic outlook had improved modestly since March, participants emphasized the tentative nature of the incoming data, which are volatile and subject to revision. The experience of previous recessions underscored the challenges of identifying the onset of economic recovery using real-time indicators. Also, empirical analysis of past episodes in the United States and abroad in which economic downturns had been triggered by financial crises generally concluded that such contractions tended to be more severe and protracted than other recessions.

Moreover, participants continued to see significant downside risks to the economic outlook. In particular, while financial strains and risk spreads had lessened somewhat over the intermeeting period, participants agreed that the global financial system remained vulnerable to further shocks... Some participants also referred to mounting losses in commercial real estate, which could have substantial adverse consequences for regional banks and other financial institutions with significant concentrations of such assets.

Looking further ahead, participants considered a number of factors that would be likely to restrain the pace of economic recovery over the medium term. Strains in credit markets were expected to recede only gradually as financial institutions continued to rebuild their capital and remained cautious in their approach to asset-liability management, especially given that the outlook for credit performance was likely to improve slowly.

Some sectors--such as financial services and residential construction--might well account for a smaller share of the economy in coming years, and the resulting reallocation of labor across sectors could weigh on labor markets for some time. Households would likely remain cautious, and their desired saving rates would be relatively high over the extended period that would be required to bring their stock of wealth back up to more normal levels relative to income. The stimulus from fiscal policy was expected to diminish over time as the government budget moved to a sustainable path. Demand for U.S. exports would also take time to revive, reflecting the gradual recovery of major trading partners.

Most participants expected inflation to remain subdued over the next few years, and they saw some risk that elevated unemployment and low capacity utilization could cause inflation to remain persistently below the rates that they judged as most consistent with sustainable economic growth and price stability. Nonetheless, recent monthly readings on consumer price inflation had been above the low rates observed late last year, and survey measures of longer-run inflation expectations had remained reasonably stable, leading many participants to judge that the risk of a protracted period of deflation had diminished. Some participants highlighted the potential pitfalls of making inflation projections based on contemporaneously available measures of resource slack, especially during periods when the economy was facing large supply shocks and significant sectoral reallocation. Several participants referred to contacts who had expressed concerns that the expansion of the Federal Reserve's balance sheet might not be reversed in a sufficiently timely manner and hence that inflation could rise above rates consistent with price stability.

Glad we got that clear.

Momentum Builds For Ron Paul's "Fed Transparency" Act

ronpaul_tbi.jpgFor years, Ron Paul has been a lone voice in Congress, questioning the wisdom of the Federal Reserve -- both its various chairmans and the institution itself. His dogged questioning of Alan Greenspan, and then Ben Bernanke, make for great TV (otherwise, those hearings are total snoozefests).

But now, as America wakes up to its dire financial situation and average people talk about things like "fractional reserve lending", the gold standard, and Zimbabwe-like inflation, he's finally getting some momentum.

It's baby steps, of course. Paul is the sponsor of the Federal Reserve Transparency act of 2009, which demands a GAO audit of the Fed, and a full report to Congress sometime next year. And it's gaining steam. It already has 175 co-sponsors in the House, and now a major Democrat, Rep. Alan Grayson (ironically, the same one who's proposing that stupid France vacation bill we mentioned this morning has joined on, and is urging his party colleagues to join them.

Zero Hedge has a copy of the letter he's sent out, and if you're so moved (which you should be), you can sign the petition here:

Read the rest or go directly and take Action below!

The Federal Reserve System operates as the central bank for the United States, managing the economy’s money supply and overseeing the banking system. Until recently, the Fed has not picked winners and losers when distributing money, nor has it brought credit risk onto its balance sheet. It has slowed or stimulated the economy by raising or lowering interest rates. Since March 2008, the Fed has resorted to using its emergency powers to pick winners and losers, and to take massive credit risk onto its books. Since last September, the Fed’s balance sheet has expanded from around $800 billion to over $2 trillion, not including off-balance sheet liabilities it has guaranteed for Citigroup, AIG, and Bank of America, among others. The bank is also ‘monetizing’ the debt of the United States Government by purchasing massive amounts of agency and Treasury bonds. An audit is the first step in bringing this unaccountable system under the control of the public, whose money it prints and disseminates at will.

The Federal Reserve is an odd entity, a public-private chimera that controls the US monetary system and supervises the banking system. The system is governed by a Board of Governors, with twelve regional reserve banks that serve a supporting role. While the Governors are appointed by the President with confirmation by the Senate, the regional Reserve Banks have boards of directors chosen primarily by private banking institutions. Right now, for instance, the CEO of JP Morgan, Jamie Dimon, serves on the Board of Directors of the New York Federal Reserve Bank, as did Goldman Sachs Director Stephen Friedman.

This creates striking conflicts of interest and unseemly appearances in the management of what is ultimately the public’s money. 


  • JP Morgan’s CEO was a board member of the New York Fed even as he negotiated on behalf of JP Morgan with the New York Fed for a $29 billion bridge loan to allow his company to take over Bear Stearns.
  • New York Fed and Goldman Sachs board member Stephen Friedman purchased 37,300 shares of Goldman Sachs stock in December at the same time as Goldman received permission to convert to a bank holding company regulated by the Federal Reserve. Friedman at the time was also overseeing the selection of a New York Federal Reserve President to replace Tim Geithner, and the New York Fed ended up hiring another alumni from Goldman Sachs.
  • According to the bank’s website, the two “class B” directorships of the New York Fed that are supposed to represent the public are vacant.
  • Enron’s Jeff Skilling was on the board of the Dallas Federal Reserve Bank.

Criticism of banker influence and control of our monetary system is not new. However, the urgency of the financial crisis and the actions of the Fed picking investment bank winners and losers have changed the nature of the criticism. The Senate just passed a non-binding resolution requiring more transparency at the Federal Reserve in its Budget Resolution.

Still, neither the GAO nor the Federal Reserve Inspector General has audited the books of the Federal Reserve or its regional banks. The Federal Reserve has refused multiple inquiries from both the House and the Senate to disclose who is receiving trillions of dollars from the central banking system. The Federal Reserve has redacted the central terms of the no-bid contracts it has issued to Wall Street firms like Blackrock and PIMCO, without disclosure required of the Treasury, and is participating in new and exotic programs like the trillion-dollar TALF to leverage the Treasury’s balance sheet. With discussions of allocating even more power to the Federal Reserve as the ‘systemic risk regulator’ of the credit markets, more oversight over the central bank’s operations is clearly necessary.

The net effect of recent actions has been to isolate financial policy-making entirely from democratic input, and allow the Treasury Department to leverage the Federal Reserve’s balance sheet to spend money it cannot get appropriated from Congress. The public does not know where trillions of its dollars are going, and so has no meaningful control over the currency or this unappropriated “budget”. The extraordinary size of these lending facilities combined, the extreme secrecy, and the private influence is a dangerous seizure of Congress’s constitutional prerogative to appropriate public monies and control the currency.

An audit of the Federal Reserve may not be sufficient to control this sprawling system or bring it back into balance, but it is a start. The public has a right to know to whom the US government is lending trillions of dollars. Dancing around this issue with technocratic terms like ‘increasing liquidity’ and ‘private financial intermediation’ is preventing a full and long overdue public debate on the role of the Federal Reserve and the influence of private banking interests in the governing of our economy.

The Federal Reserve is Out of Control 
Select Below to Urge Nancy Pelosi to schedule a vote on 'Audit the Fed' bill: 

ALERT: The Federal Reserve is out of control. In just the past several months, the Fed and the U.S. Treasury have put $12.8 TRILLION on the line in stimulus packages, bailouts, TARP programs and the rest of theirtaxpayer-crushing schemes

That amount nearly equals the Gross Domestic Product for the ENTIRE U.S. economy. 

And the fact is, our "leaders" will have the Federal Reserve pay for it all with "fiat money" -- money printed right out of thin air…. until the dollar completely collapses. 

We need to STOP that from happening -- NOW, before it's too late! 

Thankfully, H.R. 1207, the "Federal Reserve Transparency Act," has been introduced in the House of Representatives -- and EVERY AMERICAN needs to DEMAND that the Speaker of the House schedule a vote on it! 

As Rep. Ron Paul stated on the floor of the U.S. House when introducing this bill, "Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation." 

Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed's susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests. 

The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight? Particularly when hundreds of billions of dollars of currency swaps have been announced and implemented, the Fed's negotiations with the European Central Bank, the Bank of International Settlements, and other institutions should face increased scrutiny, most especially because of their significant effect on foreign policy. If the State Department were able to do this, it would be characterized as a rogue agency and brought to heel, and if a private individual did this he might face prosecution under the Logan Act, yet the Fed avoids both fates. 

More importantly, the Fed's funding facilities and its agreements with the Treasury should be reviewed. The Treasury's supplementary financing accounts that fund Fed facilities allow the Treasury to funnel money to Wall Street without GAO or Congressional oversight. Additional funding facilities, such as the Primary Dealer Credit Facility and the Term Securities Lending Facility, allow the Fed to keep financial asset prices artificially inflated and subsidize poorly performing financial firms. 

As Rep. Paul noted, "The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to enhanced scrutiny. We hear officials constantly lauding the benefits of transparency and especially bemoaning the opacity of the Fed, its monetary policy, and its funding facilities. By opening all Fed operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve." 


TAKE ACTION: As it stands right now, there are already over 
150 cosponsors of Ron Paul's AUDIT THE FED Bill -- and a companion Senate Bill (S. 604) has also been introduced. 

In fact, hearings in the House could take place 
any day, as Chairman Frank of the Financial Services Committee has publicly promised to move the bill that far! 

But to make sure this bill is heard AND VOTED ON, it is be up to US to TURN UP THE HEAT on Capitol Hill as our battle moves forward! 

Politicians of both parties need to be put on notice NOW -- either take action to rein in an out of control FED, or face the wrath of angry patriotic Americans next year. But they won't 
believe that if they don't hear from us

So please, send a FREE message right away, urging House Speaker Nancy Pelosi to schedule debate and a roll call vote on H.R. 1207, the "Federal Reserve Transparency Act": 

Let Congress hear our cry: 

Federal Reserve