Puppet MastersS


Take 2

Theatrics: House panel adopts resolution holding Lerner in contempt of Congress

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© Chip Somodevilla/Getty Images
A day after the House Ways and Means committee voted to refer former IRS official Lois Lerner to the Department of Justice for possible criminal prosecution, another committee voted to adopt a resolution recommending the House find Lerner in contempt of Congress for refusing to testify before the panel.

In a strictly party-line vote, 21 Republicans on the House Oversight and Government Reform Committee voted to send the resolution to the floor for consideration by the full House. Twelve committee Democrats voted against the move.

"Today, the Oversight Committee upheld its obligation to pursue the truth about the IRS targeting of Americans because of their political beliefs," Chairman Darrell Issa, R-Calif., said. "Our investigation has found that former IRS Exempt Organizations division Director Lois Lerner played a central role in the targeting scandal and then failed to meet her legal obligations to answer questions after she waived her right not to testify. In demanding answers and holding a powerful government official accountable for her failure to meet her legal obligations, this Committee did its job."

Stock Down

Dr. Jim Wille: The entire eastern world is rebelling against the dollar

dollar
© unknown
Financial newsletter writer Dr. Jim Willie thinks 2014 will be a pivotal year for the U.S. Dr. Willie says, "We're going to end this year with no resemblance to the beginning. We spent a lot of years trying to hold this thing together. The whole system broke in 2007 and 2008 with the subprime mortgages. I was saying before that we've got the entire U.S. economy depending on the housing bubble and the mortgage finance bubble, and when that breaks, the system is going to break.

In the following couple of years, it continued to break. What did we do? We went to zero percent interest rates and made it pretty clear it's forever. What else did we do? We did bond monetization, QE. I love QE, it makes it sound like CPR. It's death. It's hyper-monetary inflation.

It's what Nazi Germany did . . . it wrecked everything. These are desperation measures to hold it together because the system is broken." Dr. Willie, who holds a PhD in statistics, contends, "Now all the QE and bond purchases are causing some major problems, breaking major economic structures. . . It's all breaking, it's all breaking, and they are having a tremendous problem holding it together. Now, the whole Eastern World is rebelling against the dollar."

Chess

Vladimir Putin has high hopes for Ukraine summit - don't hold your breath, buddy!

Vladimir Putin
© Itar-Tass/Barcroft Media Vladimir Putin: 'I hope that the initiative will have consequences, and that the outcome will be positive'
But diplomats predict little chance of breakthrough as four powers meet for first time since President Yanukovych fled

Vladimir Putin said on Wednesday he hoped talks between Russia, Ukraine, the EU and US due next week would have a "positive" outcome, but warned that Ukraine's interim government should not do anything that could not "be fixed later".

The four-way talks, the first since the crisis, were announced on Tuesday night.

"I hope that the initiative of Russian foreign ministry on adjusting the situation and changing it for the better will have consequences, and that the outcome will be positive," the Russian president told a televised government meeting. "At the very least, I hope that the acting [leaders] will not do anything that cannot be fixed later."

Dollars

Putin threatens to make Ukraine pay ahead for gas

Russian President Vladimir Putin threatened Wednesday to start charging Ukraine in advance for vital natural gas supplies - a move that could sharply hurt his neighbor, which is already on the verge of bankruptcy.


It was just the latest way Moscow is putting pressure on Ukraine since its pro-Russian president Viktor Yanukovych was ousted from power in February after months of street protests.

Snakes in Suits

Obama not concerned by Al Sharpton's history with the FBI and mafia


President Obama isn't worried about the Rev. Al Sharpton's history as an FBI informant with ties to the mafia, his spokesman said, and doesn't think that the news makes his impending visit to Sharpton's National Action Network awkward.

"Rev. Sharpton and the National Action Network have made significant contributions to civil rights efforts, and the President looks forward to appearing at the conference," White House press secretary Jay Carney told reporters during the Wednesday press gaggle.

Stock Down

Banker who helped crash housing market now helping craft mortgage 'reform'...

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Controversial housing finance reform legislation making its way through the Senate Banking Committee was co-written by a former mortgage trader for Countrywide Financial and Wachovia, two of the subprime mortgage behemoths at the center of the housing market crash in 2007.

Michael Bright, the senior financial adviser to Sen. Bob Corker (R., Tenn.), worked as a trader and member of the loan-pricing desk at Countrywide Financial from 2002 to 2006, and as a senior trader for Wachovia from 2006 to 2008.

Bright joined Corker's office in 2010, and has been a key figure in crafting the Corker-Warner housing reform bill and the successive legislation spearheaded by Sens. Mike Crapo (R., Idaho) and Tim Johnson (D., S.D.).

"[Bright's] running the show," said Tim Pagliara, a top bundler for Corker who has taken an active stance against the bill. "And Corker listens to him."

Megaphone

NATO uses old images taken in August 2013 to claim that Russian troops are deployed on Ukrainian borders - Russian Military

Russian troops on Ukraine's border in 2013
© NATONATO wants to justify it's existence and what better way than to show a big build up of Russian troops on Ukraine's border. Fact is that the pictures are from August 2013. The military adventures of recent years by NATO, shows that it likes to use fake pictures and videos in order to justify invasions and gaining support at home for unpopular wars
An official in the Russian military general staff said on Thursday that NATO satellite photographs purporting to show Russian forces concentrated near the Ukrainian border were taken in August 2013, state-run news agency RIA reported, citing a source in Russian military forces.

The report came hours after NATO unveiled photographs it said showed Russian deployments of some 40,000 troops, along with tanks, armoured vehicles, artillery and aircraft. It said the pictures were taken between March 22 and April 2.

"Satellite imagery of Russian troops allegedly amassed at present on the border with Ukraine dates back to August 2013, a high-ranking source in Russia," General Staff said Thursday.

NATO's Headquarters of Allied Command Operations released earlier on Thursday a series of satellite photos showing large contingents of tanks, artillery, attack helicopters and war planes purportedly being observed by the Alliance in specific locations along the Ukrainian border.

"In reality, the images released by NATO show units of Russia's Southern Military District taking part in various exercises last summer, including near the borders with Ukraine," the source said.

The Southern Military District hosted a number of military drills last summer, including parts of large-scale Combat Commonwealth-2013 air defense exercise, which involved units from a joint air defense system of the Commonwealth of Independent States (CIS).

Handcuffs

Ukraine: Georgian general claims Maidan snipers were 'Saakashvili's people'

Snipers
© RIA Novosti
A retired Georgian general alleges that the snipers who shot people on Kiev's Maidan in February were former defense and security officials from the structures of Georgia's former president Mikheil Saakashvili. Tristan Tsitelashvili said on Rossiya 1 television on Wednesday that he knows the names of four of those snipers and the materials on the matter he has collected will be sent to the Georgian prosecutors.

"There were four Georgians there. We have their names and we know they worked in the defense and security structures under Saakashvili. We have all the information: when they left for Ukraine, when their headquarters was created, where it was located, and where they received special assignments," Tsitelashvili said.

Tsitelashvili said the group of Georgian snipers in Kyiv was led by Giya Baramadze and Givi Targamadze.

Bullseye

Time to grow up Europe! Full text of Putin's letter to European leaders

Putin
© RIA Novosti/Mikhail Klementyev
Russian President Vladimir Putin has proposed possible mechanisms to European leaders for urgent discussion of the situation with Ukraine's debt for Russian gas, Putin's spokesman Dmitry Peskov said in a statement. Putin's letter was sent on Thursday to the leaders of Moldova, Romania, Turkey, Hungary, Slovakia, Slovenia, Macedonia, the Czech Republic, France, Germany, Croatia, Bosnia and Herzegovina, Serbia, Bulgaria, Austria, and Italy.

Here is the full text of it:

Ukraine's economy in the past several months has been plummeting. Its industrial and construction sectors have also been declining sharply. Its budget deficit is mounting. The condition of its currency system is becoming more and more deplorable. The negative trade balance is accompanied by the flight of capital from the country. Ukraine's economy is steadfastly heading towards a default, a halt in production and skyrocketing unemployment.

Comment: Take the time to read this speech instead of relying on the bits and pieces which will be taken out of context and twisted in the Western media.


Alarm Clock

Putin writes to European leaders and says Ukraine gas debt 'critical', transit threatened

Russian President Vladimir Putin
© RIA Novosti / Mikhail KlementievRussian President Vladimir Putin

President Putin has written to 18 European countries, warning that Ukraine's debt crisis has reached a "critical" level and could threaten transit to Europe. He also called for urgent cooperation, blaming Russia's partners for a lack of action.

Among the countries who'll receive the letter are major consumers of Russian gas such as Germany, France, Italy, Greece, Turkey, Bulgaria, Moldova, Poland and Romania.

Given the accumulated $2.2 billion gas debt owed by Ukraine's Naftogas, Russia's Gazprom will be forced to ask Ukraine for advance payments, Putin said in his letter to European partners, referring to the 2009 gas contract signed between Moscow and Kiev.

"In other words, we'll be supplying exactly the volume of gas that Ukraine pays for a month in advance," as Itar -Tass quotes Putin's letter.

Putin added that introducing advance payments would be an extreme measure.

"We understand that this increases the risks of unsanctioned retrieval of gas flowing through the territory of Ukraine to European consumers. And it could also hinder accumulation of gas supplies in Ukraine necessary to provide for consumption during the autumn-winter period."

Stable transit of Russian gas to Europe would require an additional 11.5 billion cubic meters of gas for Ukraine's underground storages, which would cost $5 billion, Putin explained.

Comment: Will the European leaders get over their childish hypocritical behaviour and start acting with some responsibility?