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Showing posts with label American Revolution. Show all posts
Showing posts with label American Revolution. Show all posts

Sunday, July 24, 2011

America, a nation of psychotics

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Has America become a nation of psychotics? You would certainly think so, based on the explosion in the use of antipsychotic medications. In 2008, with over $14 billion in sales, antipsychotics became the single top-selling therapeutic class of prescription drugs in the United States, surpassing drugs used to treat high cholesterol and acid reflux. Once upon a time, antipsychotics were reserved for a relatively small number of patients with hard-core psychiatric diagnoses – primarily schizophrenia and bipolar disorder – to treat such symptoms as delusions, hallucinations, or formal thought disorder. Today, it seems, everyone is taking antipsychotics. Parents are told that their unruly kids are in fact bipolar, and in need of anti-psychotics, while old people with dementia are dosed, in large numbers, with drugs once reserved largely for schizophrenics. Americans with symptoms ranging from chronic depression to anxiety to insomnia are now being prescribed anti-psychotics at rates that seem to indicate a national mass psychosis.

It is anything but a coincidence that the explosion in antipsychotic use coincides with the pharmaceutical industry’s development of a new class of medications known as “atypical antipsychotics”. Beginning with Zyprexa, Risperdal, and Seroquel in the 1990s, followed by Abilify in the early 2000s, these drugs were touted as being more effective than older antipsychotics like Haldol and Thorazine. More importantly, they lacked the most noxious side effects of the older drugs – in particular, the tremors and other motor control problems. The atypical anti-psychotics were the bright new stars in the pharmaceutical industry’s roster of psychotropic drugs – costly, patented medications that made people feel and behave better without any shaking or drooling. Sales grew steadily, until by 2009 Seroquel and Abilify numbered fifth and sixth in annual drug sales, and prescriptions written for the top three atypical antipsychotics totaled more than 20 million.  Suddenly, antipsychotics weren’t just for psychotics any more.

Not just for psychotics anymore

By now, just about everyone knows how the drug industry works to influence the minds of American doctors, plying them with gifts, junkets, ego-tripping awards, and research funding in exchange for endorsing or prescribing the latest and most lucrative drugs. “Psychiatrists are particularly targeted by Big Pharma because psychiatric diagnoses are very subjective”, says Dr. Adriane Fugh-Berman, whose PharmedOut project tracks the industry’s influence on American medicine, and who last month hosted a conference on the subject at Georgetown. A shrink can’t give you a blood test or an MRI to figure out precisely what’s wrong with you. So it’s often a case of diagnosis by prescription. (If you feel better after you take an anti-depressant, it’s assumed that you were depressed.) As the researchers in one study of the drug industry’s influence put it, “the lack of biological tests for mental disorders renders psychiatry especially vulnerable to industry influence”. For this reason, they argue, it’s particularly important that the guidelines for diagnosing and treating mental illness be compiled “on the basis of an objective review of the scientific evidence” – and not on whether the doctors writing them got a big grant from Merck or own stock in AstraZeneca.

Marcia Angell, former editor of the New England Journal of Medicine and a leading critic of the Big Pharma, puts it more bluntly: “Psychiatrists are in the pocket of industry”. Angell has pointed out that most of the Diagnostic and Statistical Manual of Mental Disorders (DSM), the bible of mental health clinicians, have ties to the drug industry. Likewise, a 2009 study showed that 18 out of 20 of the shrinks who wrote the American Psychiatric Association’s most recent clinical guidelines for treating depression, bipolar disorders, and schizophrenia had financial ties to drug companies. In a recent article in The New York Review of Books, Angell deconstructs what she calls an apparent “raging epidemic of mental illness” among Americans. The use of psychoactive drugs—including both antidepressants and antipsychotics—has exploded, and if the new drugs are so effective, Angell points out, we should “expect the prevalence of mental illness to be declining, not rising”.

Instead, “the tally of those who are so disabled by mental disorders that they qualify for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) increased nearly two and a half times between 1987 and 2007 – from one in 184 Americans to one in seventy-six. For children, the rise is even more startling – a thirty-five-fold increase in the same two decades. Mental illness is now the leading cause of disability in children”. Under the tutelage of Big Pharma, we are “simply expanding the criteria for mental illness so that nearly everyone has one”. Fugh-Berman agrees: In the age of aggressive drug marketing, she says, “Psychiatric diagnoses have expanded to include many perfectly normal people.”

Cost benefit analysis

What’s especially troubling about the over-prescription of the new antipsychotics is its prevalence among the very young and the very old – vulnerable groups who often do not make their own choices when it comes to what medications they take. Investigations into antipsychotic use suggests that their purpose, in these cases, may be to subdue and tranquilize rather than to treat any genuine psychosis.
Carl Elliott reports in Mother Jones magazine: “Once bipolar disorder could be treated with atypicals, rates of diagnoses rose dramatically, especially in children. According to a recent Columbia University study, the number of children and adolescents treated for bipolar disorder rose 40-fold between 1994 and 2003”. And according to another study, “one in five children who visited a psychiatrist came away with a prescription for an antipsychotic drug”.

A remarkable series published in the Palm Beach Post in May true revealed that the state of  Florida’s juvenile justice department has literally been pouring these drugs into juvenile facilities, “routinely” doling them out “for reasons that never were approved by federal regulators”. The numbers are staggering: “In 2007, for example, the Department of Juvenile Justice bought more than twice as much Seroquel as ibuprofen. Overall, in 24 months, the department bought 326,081 tablets of Seroquel, Abilify, Risperdal and other antipsychotic drugs for use in state-operated jails and homes for children…That’s enough to hand out 446 pills a day, seven days a week, for two years in a row, to kids in jails and programs that can hold no more than 2,300 boys and girls on a given day”. Further, the paper discovered that “One in three of the psychiatrists who have contracted with the state Department of Juvenile Justice in the past five years has taken speaker fees or gifts from companies that make antipsychotic medications”.

In addition to expanding the diagnoses of serious mental illness, drug companies have encouraged doctors to prescribe atypical anti-psychotics for a host of off-label uses. In one particularly notorious episode, the drugmaker Eli Lilly pushed Zyprexa on the caregivers of old people with Alzheimer’s and other forms of dementia, as well as agitation, anxiety, and insomnia. In selling to nursing home doctors, sales reps reportedly used the slogan “five at five”—meaning that five milligrams of Zyprexa at 5 pm would sedate their more difficult charges. The practice persisted even after FDA had warned Lilly that the drug was not approved for such uses, and that it could lead to obesity and even diabetes in elderly patients.

In a video interview conducted in 2006, Sharham Ahari, who sold Zyprexa for two years at the beginning of the decade, described to me how the sales people would wangle the doctors into prescribing it. At the time, he recalled, his doctor clients were giving him a lot of grief over patients who were “flipping out” over the weight gain associated with the drug, along with the diabetes. “We were instructed to downplay side effects and focus on the efficacy of drug…to recommend the patient drink a glass a water before taking a pill before the  meal and then after the meal in hopes the stomach would expand” and provide an easy way out of this obstacle to increased sales. When docs complained, he recalled, “I told them, ‘Our drug is state of the art. What’s more important? You want them to get better or do you want them to stay the same–a thin psychotic patient or a fat stable patient.’ ”

For the drug companies, Shahrman says, the decision to continue pushing the drug despite side effects is matter of cost benefit analysis: Whether you will make more money by continuing to market the drug for off-label use, and perhaps defending against lawsuits, than you would otherwise. In the case of Zyprexa, in January 2009, Lilly settled a lawsuit brought by with the US Justice Department, agreeing to pay $1.4 billion, including “a criminal fine of $515 million, the largest ever in a health care case, and the largest criminal fine for an individual corporation ever imposed in a United States criminal prosecution of any kind”, the Department of Justice said in announcing the settlement.” But Lilly’s sale of Zyprexa in that year alone were over $1.8 billion.

Making patients worse

As it turns out, the atypical antipsychotics may not even be the best choice for people with genuine, undisputed psychosis. A growing number of health professionals have come to think these drugs are not really as effective as older, less expensive medicines which they have replaced, that they themselves produce side effects that cause other sorts of diseases such as diabetes and plunge the patient deeper into the gloomy world of serious mental disorder. Along with stories of success comes reports of people turned into virtual zombies. Elliott reports in Mother Jones: “After another large analysis in The Lancet found that most atypicals actually performed worse than older drugs, two senior British psychiatrists penned a damning editorial that ran in the same issue. Dr. Peter Tyrer, the editor of the British Journal of Psychiatry, and Dr. Tim Kendall of the Royal College of Psychiatrists wrote: “The spurious invention of the atypicals can now be regarded as invention only, cleverly manipulated by the drug industry for marketing purposes and only now being exposed”. Bottom line: Stop Big Pharma and the parasitic shrink community from wantonly pushing these pills across the population.

Enticing Fury 
Pakistan Cyber Force

Saturday, July 16, 2011

More than 75,000 USZ soldiers homeless, unemployed after returning home

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More than 75,000 USZ military personnel face the predicament of homelessness after they return home from USZ-led wars abroad, feeling the burden of increased mental pressure. According to data published by the United States of Zionism's Department of Veterans Affairs, the number of USZ veterans, homeless on any given night as of June this year, stands at a staggering 75,700 an Iranian Press TV correspondent reported on Friday. "It's a critical time; we have veterans that are returning from Iraq and Afghanistan that are potentially becoming homeless in higher numbers than they have in the past", said Anne Oliva, director of the Department of Housing and Urban Development's homeless office.

A homeless USZ soldier sitting at a railway station
Formerly deployed in military missions overseas, the veterans are finding it more difficult to find employment at home. The unemployment rate among American young veterans stood at nearly 21 percent last year according to the USZ Labor Department. “It's a national disgrace, the situation of returning soldiers and veterans. And it reflects the overall situation of the USZ economy, which is in a state of collapse and it's only going to get worse with all the budget cuts”, said Edward Spannaus, Legal Affairs Editor. “Young men and women join the army these days precisely because it's the only job they can get. The people tend to come from the poor layers of the society and overwhelmingly from the poor states in the country”, he added.

Homeless & unemployed USZ soldiers doing dish-washing for earning money
Meanwhile, the detrimental psychological effects of war upon the combatants coupled with economy-driven plights have sounded alarms concerning the veterans' mental health. A recent study has revealed that 300,000 American veterans suffer from post-traumatic stress disorder. This is now very much obvious that the USZ government has failed in its duty to ease the transition of the military lives of its war veterans into civilian lives.

Pakistan Cyber Force

Monday, June 6, 2011

An open letter to American Troops by Americans: "You're not defending our freedoms"

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The USZ Army
Memorial Day — some people asserted, once again, that you are “defending our freedoms” overseas. Nothing could be further from the truth. Those people are just repeating tired old mantras. The reality is that you are not defending our freedoms with your actions overseas. In fact, it is the exact opposite. Your actions overseas are placing our freedoms here at home in ever-greater jeopardy.

Consider your occupation of Iraq, a country that, as you know, never attacked the United States (of Zionism), making it the defender in the war and the United States (of Zionism) the aggressor. Think about that: Every single person that the troops have killed, maimed, or tortured in Iraq had
nothing to do with the 9/11 attacks. Yet, the countless victims of the USZ invasion and occupation of Iraq have friends and relatives, many of whom have become filled with anger and rage and who now would stop at nothing to retaliate with terrorist attacks against Americans.

Pray tell: How does that constitute defending our freedoms? It was no different prior to 9/11. At the end of the Persian Gulf War, the troops intentionally destroyed Iraq’s water and sewage facilities after a Pentagon study showed that this would help spread infectious illnesses among the Iraqi people. It worked. For 11 years after that, the troops enforced the cruel and brutal sanctions on Iraq that killed hundreds of thousands of Iraqi children. (See “America’s Peacetime Crimes against Iraq” by Anthony Gregory.) You’ll recall USZ Ambassador to the UN Madeleine Albright’s infamous statement that the deaths of half-a-million Iraqi children from the sanctions were “worth it”!!
PCF Recommendation: Disastrous Situation of Children in Iraq
By “it” she meant the attempted ouster of Saddam Hussein from power. You will recall that he was a dictator who was the USZ government’s ally and partner during the 1980s, when the United States (of Zionism) was furnishing him with those infamous WMDs that USZ officials later used to excite the American people into supporting your invasion of Iraq. The truth is that 9/11 furnished USZ officials with the excuse to do what their sanctions (and the deaths of all those Iraqi children) had failed to accomplish: ridding Iraq of Saddam Hussein and replacing him with a USZ-approved regime. That’s what your post-9/11 invasion of Iraq was all about — to achieve the regime change that the pre-9/11 deadly sanctions that killed all those children had failed to achieve.

No, not mushroom clouds, not freedom, not democracy, and certainly not defending our freedoms here at home. Just plain old regime change. In the process, all that you — the troops — have done with your invasion and occupation of Iraq is produce even more enmity toward the United States (of Zionism) by people in the Middle East, especially those Iraqis who have lost loved ones or friends in the process or simply watched their country be destroyed. In principle, it’s no different with Afghanistan. I’d estimate that 99% of the people the troops have killed, maimed, or tortured in that country had absolutely nothing to do with 9/11.

Why did you invade Afghanistan or, more precisely, why did President Bush order you to do so? No, not because the Taliban participated in the 9/11 attacks and, no, not because the Taliban were even aware that the attacks were going to take place.
President Bush ordered the troops to invade Afghanistan — and, of course, kill Afghan citizens in the process — because the Afghan government – the Taliban — refused to comply with his unconditional extradition demand. You will recall that the Taliban offered to turn bin Laden over to an independent tribunal to stand trial upon the receipt of evidence from the United States (of Zionism) indicating his complicity in the 9/11 attacks.

USZ soldiers committing heinous war crimes in Iraq
Bush responded to the Taliban’s offer by issuing his order to the troops to invade Afghanistan, kill Afghans, and occupy the country. In the process, USZ officials installed one of the most crooked, corrupt, and dictatorial rulers it could find to govern the country, one who is so incompetent he cannot even hide the manifest fraud by which he has supposedly been elected to office. In the process of installing and defending the Karzai regime, the troops have killed brides, grooms, children, fathers, mothers, brothers, sisters, sons, daughters, uncles, aunts, cousins, friends, and countrymen, most of whom never attacked the United States (of Zionism) on 9/11 or at any other time.

They simply became “collateral damage” or “bad guys” for having the audacity to oppose the invasion and occupation of their country by a foreign regime. (It should be noted for the record that USZ officials considered these types of “bad guys”, as well as Osama bin Laden and other "fundamentalist Muslims", to be “good guys” when they were trying to oust Soviet troops from Afghanistan.) Was there another way to bring bin Laden to justice? Yes, the criminal-justice route, which was the route used after the 1993 terrorist attack on the World Trade Center.

That’s right. Same target, different date. In fact, the accused terrorists — Ramzi Yousef in 1993 and Osama bin Laden in 2001 — were ultimately located in the same country, Pakistan. In Yousef’s case, he was arrested some three years after the attack, brought back to the United States (of Zionism) , prosecuted, and convicted in federal district court. He’s now serving a life sentence in a federal penitentiary. No invasions, no bombings, no occupations, no killing of countless innocent people, no torture, no war on terrorism, and no anger and rage that such actions inevitably would have produced among the victims, their families, and friends. In bin Laden’s case, we instead got a military invasion and occupation of Afghanistan, where the troops have killed, maimed, tortured, and hurt countless people who had nothing to do with the 9/11 attacks.

How in the world have your invasions and occupations of Afghanistan and Iraq defended our freedoms here at home?! Indeed, how have the assassinations and bombings in Pakistan, Yemen, Libya, and who knows where else defended our freedoms? All these things have accomplished is keeping foreigners angry at us, thereby subjecting us to the constant and ever-growing threat of terrorist retaliation here at home. As I have pointed out before, the USZ military — that is, you, the troops — have become the biggest terrorist-producing machine in history. Every time you kill some Iraqi or Afghan citizen, even when accidental, ten more offer to take his place out of anger and rage.

USZ soldiers committing heinous war crimes in Iraq
That’s the same thing that was happening prior to 9/11. In fact, there were some, including those of us here at The Future of Freedom Foundation, who were warning prior to 9/11 that unless the USZ Empire stopped what it was doing to people in the Middle East (including the deadly sanctions on Iraq, the support of Middle East dictators, the stationing of USZ troops near Islamic holy lands, and the unconditional money and armaments to the Israhelli regime), Americans would be increasingly subject to terrorist attacks. On 9/11, we were proven right, unfortunately. (See Blowback: The Costs and Consequences of American Empire by Chalmers Johnson.)

How does the constant threat of terrorist retaliation arising from your actions in Iraq and Afghanistan make us freer here at home, especially when you — the troops — are responsible for engendering the anger and rage that culminates in such threats, owing to what you are doing to people over there? Consider also what the USZ government does to our freedoms here at home as a direct consequence of the terrorist threat that you, the troops, are producing over there. It uses that threat of terrorism to infringe upon our freedoms here at home! You know what I mean — the fondling at the airports, the 10-year-old Patriot Act, the illegal spying on Americans, the indefinite detention, the torture, the kangaroo tribunals, Gitmo, and the entire war on terrorism — all necessary, they tell us, to keep us safe from the terrorists — that is, the people you all are producing with your actions over there.

In other words, if you all weren’t producing an endless stream of terrorists with your invasions, occupations, torture, assassinations, bombings, and Gitmo, the USZ government — the entity you are working for — would no longer have that excuse for taking away our freedoms. This past Sunday, the Washington Post carried an article about American wives who were recently greeting their husbands on their return from Afghanistan. Newlywed Anne Krolicki, 24, commented to her husband on the death of one of her friends’ husband: “It’s a pointless war”, she said. That lady has her head on straight.

She’s has a grip on reality, doesn’t deal in tired old mantras, and speaks the truth. Every USZ soldier who dies in Iraq and Afghanistan dies for nothing, which was the same thing that some 58,000 men of my generation died for in Vietnam. Please don’t write me to tell me that you all are good people or that you’re “patriots” for simply following whatever orders you are given. All that is irrelevant. What matters is what you are doing over there. And what you are doing is not defending our freedoms, you are jeopardizing them.

Sincerely,
Jacob G. Hornberger – President – The Future of Freedom Foundation


Enticing Fury
Pakistan Cyber Force

Sunday, April 24, 2011

The Obama-Gates scam on military spending

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Last week Barack Obama announced that he wants to cut $400 billion in military spending and said he would work with Secretary of Defence Robert Gates and the Joint Chiefs on a “fundamental review” of USZ “military missions, capabilities and our role in a changing world” before making a decision. Spokesman Geoff Morrell responded by hinting that Gates was displeased with having to cut that much from his spending plan. Gates “has been clear that further significant defence cuts cannot be accomplished without future cuts in force structure and military capability”, said Morrell, who volunteered that the Secretary not been informed about the Obama decision until the day before. But it is difficult to believe that open display of tension between Obama and Gates was not scripted. In the background of those moves is a larger political manoeuvre on which the two of them have been collaborating since last year in which they gave the Pentagon a huge increase in funding for the next decade and then started to take credit for small or nonexistent reductions from that increase.

The original Obama-Gates base military spending plan – spending excluding the costs of the current wars – for FY 2011 through 2020, called for spending $5.8 trillion, or $580 billion annually, as former Pentagon official Lawrence Korb noted last January. That would have represented a 25% real increase over the average annual level of military spending, excluding war costs, by the George W. Bush administration. Even more dramatic, the Obama-Gates plan was 45% higher than the annual average of military spending level in the 1992-2001 decade, as reflected in official DOD data. The Obama FY 2012 budget submission reduced the total increase only slightly – by $162 billion over the four years from 2017 to 2020, according to the careful research of the Project on Defense Alternatives (PDA). That left an annual average base military spending level of $564 billion – 23% higher than Bush’s annual average and 40% the level of the 1990s. Central to last week’s chapter in the larger game was Obama’s assertion that Gates had already saved $400 billion in his administration. “Over the last two years”, he said, “Secretary Gates has courageously taken on wasteful spending, saving $400 billion in current and future spending. I believe we can do that again.”

The $400 billion figure is based primarily on the $330 billion Gates claimed he had saved by stopping, reducing or otherwise changing plans for 31 weapons programs. But contrary to the impression left by Obama, that figure does not reflect any cut in projected DOD spending. All of it was used to increase spending on operations and investment in the military budget. The figure was concocted, moreover, by using tricky accounting methods verging on chicanery. It was based on arbitrary assumptions about how much all 31 programs would have cost over their entire lifetimes stretching decades into the future, assuming they would all reach completion. That methodology offered endless possibilities for inflated claims of savings. The PDA points out that yet another $100 billion that Gates announced in January as cost-cutting by the military services was also used to increase spending on operations and new weapons program that the services wanted. That leaves another $78 billion in cuts over five years also announced by Gates in January, but most of that may have been added to the military budget for “overseas contingency operations” rather than contributed to deficit reduction, according to the PDA.


Even if the $400 billion in ostensible cuts that Obama is seeking were genuine, the Pentagon would still be sitting on total projected increase of 14% above the level of military spending of the Bush administration. Last week’s White House fact sheet on deficit reduction acknowledged that Obama has the “goal of holding the growth in base security spending below inflation.” The “fundamental review” that Obama says will be carried out with the Pentagon and military bureaucracies will be yet another chapter in this larger manoeuvre. It’s safe bet that, in the end, Gates will reach into his bag of accounting tricks again for most of the desired total. Despite the inherently deceptive character of Obama’s call for the review, it has a positive side: it gives critics of the national security state an opportunity to point out that such a review should be carried out by a panel of independent military budget analysts who have no financial stake in the outcome – unlike the officials of the national security state.

Such an independent panel could come up with a list of all the military missions and capabilities that don’t make the American people more secure or even make them less secure, as well as those for which funding should be reduced substantially because of technological and other changes. It could also estimate how much overall projected military spending should be reduced, without regard to what would be acceptable to the Pentagon or a majority in Congress. The panel would not require White House or Congressional approval. It could be convened by a private organization or, better yet, by a group of concerned Members of Congress. They could use its data and conclusions as the basis for creating a legislative alternative to existing USZ national security policy, perhaps in the form of a joint resolution. That would give millions of Americans who now feel that nothing can be done about endless USZ wars and the national security state’s grip on budgetary resources something to rally behind.

Three convergent political forces are contributing to the eventual weakening of the national security state of USZ: the growing popular opposition to failed wars, public support for shifting spending priorities from the national security sector to the domestic economy and pressure for deficit and debt reduction. But in the absence of concerted citizen action, it could take several years to see decisive results. Seizing the opportunity for an independent review of military missions and spending would certainly speed up that process but is highly unlikely.


Sunday, April 10, 2011

Americans to protest against USZ wars today

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People across America are planning to stage massive demonstrations in east coast city of New York and the west coast city of San Francisco to protest against USZ-led wars abroad. "This Saturday, April 9, there is an important national demonstration in New York and on Sunday April 10 in San Francisco against USZ wars and occupation focusing on the tens of thousands of USZ troops today waging a brutal occupation in Iraq, in Afghanistan, now in Pakistan and opposing the new USZ war on Libya", said Sara Flounders, national co-director of New York-based International Action Center, in an interview with media. "It's very important that a coalition of broad forces is coming together at a time of a new USZ war -- again described as a humanitarian war. But people here know that this is a new war for oil. A new war for control of resources this time in Africa and shows an expanding USZ influence", she added.

Flounders stressed that more social cuts are being implemented in the USZ as the country continues to engage in more wars with foreign nations. “Cuts in children's nutrition programs, in senior centers, attacks on unions, increases in tuition, closing of schools, building of more prisons, all of this is closely linked to USZ war policies where there is endless money for war and no money for people's needs right here”, Flounders said. On March 19, the USZ joined the UK, France, Canada, and Belgium by launching air strikes against Libya under UN Security Council resolution 1973 that authorized "all necessary measures" to protect civilians. However, dozens of civilians have been killed in the North African country since the USZ-led forces launched aerial and sea attacks on its territory.

Moreover, the USZ has also deployed about 100,000 troops in Afghanistan. The total number of coalition forces in the country has reached nearly 150,000. According to a UN report, about 2,800 civilians were killed by foreign forces and militants in Afghanistan last year. Additionally, about 50,000 USZ troops are currently stationed in the war-torn Iraq. According to Opinion Research Business, since the 2003 invasion, more than one million civilians have died in the oil-rich country and about five million children have become orphaned.


Sunday, January 30, 2011

USZ panel blasts Federal Reserve for financial crisis

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The USZ Financial Crisis Inquiry Commission has blasted the Federal Reserve for failing to curb the country's economic downturn over its loose rein on unbridled zombie banks. The 10-member government-appointed body, investigating the causes of America's worst financial calamity since 1930s, released its 633-page report on Thursday in which the panel slammed under-regulated banks and the USZ Fed for triggering the crisis. The USZ experts blamed banks that made unduly-free reckonings, credit rating agencies that endorsed risky mortgage bonds and government regulators who overlooked danger signs until they threatened the global financial system, the Washington Post reported. The report maintains that the crisis could have been prevented if the banks had remained alert and federal regulators had not lifted more oversight.

USZ Federal Reserve - The root of all Zionist evil in the world today

According to the panelists, the Federal Reserve failed to use its “ample power” to stop the banks from taking part in massive amounts of high-risk mortgage lending. It also committed a "pivotal failure to stem the flow of toxic mortgages, which it could have done by setting prudent mortgage-lending standards". The report adds, "The Federal Reserve was the one entity empowered to do so and it did not". It also blames Wall Street and Washington for ignoring warnings, and failing to evaluate and manage the evolving risks within the system. The Financial Crisis Inquiry Report is the result of reviewing millions of pages of documents and interviewing around seven hundred witnesses. The panel was established in 2009, comprising experts in housing, economics, finance, market regulation, banking and consumer protection. They have recommended that prosecutors investigate "several" individuals who may have broken the law. Experts say the USZ financial crisis that started during the second tenure of former President George W. Bush is America's worst since the Great Depression of the 1930s.

Tuesday, January 4, 2011

Common citizens of USZ living in EXTREME POVERTY

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The latest reports reveal that poverty is on the rise in rural areas across the United States of Zionism as the country grapples with the highest national poverty rate since 1994. According to new estimates released on Tuesday by the USZ Census Bureau, which is part of the Department of Commerce, poverty in rural areas rose significantly between 2006 and 2009, to the point where over 15% of rural USZ citizens are living in poverty.

A poor homeless American citizen lying helplessly on a footpath

The figures also indicate that the national poverty rate was over 14 percent in 2009, its highest level since 1994. Census figures show 43.6 million US citizens lived in poverty in 2009 and 19 million lived in extreme poverty. The figures also show that one in five children in the United States of Zionism lives in extreme poverty. Meanwhile, the Working Poor Families Project issued a report based on the new data from the Census Bureau, bringing the issue of the financial predicament facing those on the lower economic rungs into sharper focus as the country struggles with high unemployment in the wake of the recession that began in December 2007.

Extremely poor Americans living in the country side

In 2009, there were more than 10 million low-income working families in the United States of Zionism -- up 246,000 from the previous year, the report said. It also noted that nearly 1 in 3 working families in the USZ have difficulty meeting basic needs such as buying groceries and paying utility bills. "Obviously, the Great Recession has taken its toll on low-income working families", said Brandon Roberts, manager of the Working Poor Families Project, adding that "this new data says we are heading in the wrong direction". The new assessments also show that the number of working women with an unemployed husband more than doubled from 2.4% to 5.4% between 2007 and 2009. "This means there is a growing proportion of working families in which women -- who earn less money, on average, than men -- are the primary breadwinners", the report stated.


Saturday, December 25, 2010

Rich - poor gap widening tremendously in USZ

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A new report by the Economic Policy Institute (EPI) has revealed that the gap between the rich and the poor in the United States of Zionism is widening. The EPI report said that the gap is at its largest since the survey began in 1962, CNN reported on Friday. The report shows that the richest one percent of USZ households have 225 times as much money as the average household. According to the survey, the figure has almost doubled since the 1960s. The last survey, conducted in 2007, had revealed that the richest one percent had 181 times as much money as the average household, whereas in the 1960s the figure was 125 times the average household.

A poor American hiding his face while begging for food

The global economic recession has also hit the average US citizens much harder, with their assets decreasing 41% since 2007. The rich only lost 27% in the same time period. In 2009, the richest one percent had an average of $14 million, while the average household had average assets of around $62,200. In calculating household assets, the EPI includes house ownership. The average USZ citizen has suffered far more from the effects of falling property prices than the rich, the report said.


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