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Here is what the corporate news media doesn’t want you to know. What is really odd about the Keystone pipeline is that this Canadian corporation is using eminent domain to dispossess US citizens of their property in order to expand it. The only mention of eminent domain in the US constitution is for “public purposes,” whereas the Keystone Pipeline is clearly a private profit-making venture. Your government is allowing US investors who are heavily invested in the Keystone Pipeline to dispossess less financially endowed US citizens of their property. That’s how corrupt your government is, and especially the corporate wing of the US Supreme Court.

As for the pipeline leak the news media doesn’t want you to know about.

About 210,000 gallons (5,000 barrels) of oil leaked Thursday from TransCanada’s Keystone oil pipeline near Amherst, South Dakota, drawing fierce outcry from pipeline opponents, and meek coverage by the corporate news media.

The leak, the largest spill to date in South Dakota, comes just days before Nebraska regulators decide on whether its controversial sister project—the Keystone XL (KXL) Pipeline—will go forward.

“Enough is enough. Pipelines leak—it’s not a question of ‘if’, but ‘when.’ The pending permit for TransCanada’s Keystone XL pipeline should be flatly rejected by Nebraska’s Public Service Commission (PSC), but know that no matter what the outcome, the fight’s not over yet,” said Scott Parkin, Rainforest Action Network’s Organizing Director. “We need to stop all expansion of extreme fossil fuels such as tar sands oil—and we need the finance community to stop funding these preventable climate disasters—disasters for the climate, the environment, and Indigenous rights.”

President Obama had rejected the Keystone Pipeline expansion, mainly because billionaire Warren Buffett likely told him in gentle terms to do so. Buffett owns BNSF railroad, which is the largest carrier of oil in the United States. Had the pipeline expansion gone through, BNSF’s profits would have suffered, and Uncle Warren didn’t want that.

President Trump reinstated the Keystone Pipeline because the Koch Brothers and other oil investors that invest heavily in the Republican Party made him do it. It’s that simple. The Koch’s, for example, are heavily invested in the pipeline as well as the Canadian tar sands, which produces the oil that will flow through the pipeline.

As for the oil spill, Dave Flute, tribal chairman of the Sisseton Wahpeton Oyate, said. “We are concerned that the oil spill is close to our treaty land, but we are trying to stay positive that they are getting the spill contained and that they will share any environmental assessments with the tribal agency.” If Flute really believes management at Keystone will share any honest “environmental assessments with the tribal agency,” he is an idiot and a fool.

According to TransCanada, the Keystone pipeline system delivers Canadian and U.S. crude oil supplies to markets around North America, stretching 4,324 kilometers (2,687 miles) in length. It starts from Hardisty, Alta., east into Manitoba where it turns south and crosses the border into North Dakota. It then runs south through South Dakota to Steele City, Neb., where it splits. One arm goes east through Missouri for deliveries into Wood River and Patoka, Ill., and the other runs south through Oklahoma to Cushing and onward to Port Arthur and Houston, Texas.

The proposed KXL would add to the massive Keystone system, with its line starting in Hardisty, Alberta and ending in Steele City. Nebraka’s government needs to issue permits in order to construct the pipeline, and public discussion begins soon.

 

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Wealth inequality has grown since the Great Recession, according to a new report by the Pew Research Center. This inequality is at a level never seen before in the history of the United States, and it has been fueled by unprecedented income redistribution from the 99 to the 1 percent. Wealth and income inequalities have been created by a level of US political corruption not seen since the Gilded Age; and led by such political hacks as Wall Street Senator Ron Wyden and Wall Street Congressman Paul Ryan.

It is only natural that wealth for the rich has grown since they have stolen via their political hacks 99 percent of all income growth from 2009 to 2014 and the vast majority of income growth since then. However, not willing to anger their corporate donors, the higher-ups at Pew are unwilling to disclose why the rich have acquired more wealth while the rest of us have lagged.

As the next recession unfolds, and it is unfolding, it is likely to be much worse in many ways than the Great Recession simply because the demand for goods and services on the part of the 99 percent has to a large degree been redistributed to the 1 percent since the last recession.

For more information see Federal Reserve’s Survey of Consumer Finances


How corrupt and sick is an economic and political system designed to churn out billionaires at the expense of everybody else? The top three richest Americans (Jeff Bezos, Warren Buffett, Bill Gates) own more wealth than the bottom 50 percent of Americans. Is this what an economy is for?

A report from the Institute for Policy Studies has come out with a study on wealth inequality in the United States, which is a function of redistributing income from those who work for a living to the unproductive and idle ultra-rich.

The ultra-rich control both major political parties. So naturally, politicians enact trade policies and legislation that redistribute income from the 99 to the 1 percent. Republicans, such as the Bush clan, and Democrats such as the Clinton clan, as well as politicians such as Wall Street’s Senator Ron Wyden, and Congressman Paul Ryan have been instrumental in creating financial inequality. Quite naturally, President Trump wants to make income and wealth inequality worse through his proposed tax cuts for the rich. The repercussions of this inequality will likely be enormous. The last time such inequality occurred resulted in the Great Depression.

Key Findings from the study include:

* The three wealthiest people in the United States — Bill Gates, Jeff Bezos, and Warren Buffett — now own more wealth than the entire bottom half of the American population combined, a total of 160 million people or 63 million households.
* America’s top 25 billionaires — a group the size of a major league baseball team’s active roster — together hold $1 trillion in wealth. These 25 have as much wealth as 56 percent of the population, a total 178 million people or 70 million households.
* The billionaires who make up the full Forbes 400 list now own more wealth than the bottom 64 percent of the U.S. population, an estimated 80 million households or 204 million people — more people than the populations of Canada and Mexico combined.
* The median American family has a net worth of $80,000, excluding the family car. The Forbes 400 own more wealth than 33 million of these typical American families.
* One in five U.S households, over 19 percent, have zero or negative net worth. “Underwater households” make up an even higher share of households of color. Over 30 percent of black households and 27 percent of Latino households have zero or negative net worth to fall back on.

We can pretty much see from the graph above what the Trump tax plan does. It raises taxes on those couples earning less than $80,000 a year, and reduces taxes on those earning more, until you get to the million dollar couples.

However, beyond the graph is something more illuminating, and both the liberal and corporate so-called news media won’t mention this because they don’t want you to know.

Income and wealth inequality will increase under Trump’s tax plan. In the United States, the top 1 percent already steal via legislation and trade treaties about 37 percent of all income produced in the United States, compared to just 8 percent in 1980. In addition, wealth inequality, already the most unequal in US history, will increase under Trump’s plan.

Do you know why? Because that’s what the Republicans and some Democrats like Wall Street Senator Ron Wyden want to do!

Trump’s tax cut proposal will also reduce corporate tax rates, which will, quite naturally, result in higher corporate after-tax profits, which will then be redistributed to rich shareholders and bigwig corporate officers in the form of surging share prices and rising dividends. It will also help bid up the price of corporate bonds since corporations will be able to offer the rich higher rates of return with corporate tax cuts. Trump’s tax plan is really a plan to redistribute more money to himself and rich Democrats and affluent Republicans from the rest of us.

The government will experience greater budget deficits, which will mean reducing federal funds for Social Security, Medicaid, Aid to Needy Children, Food Stamps, etc…while, of course, maintaining or increasing funding for the military (which benefits only the rich).

Trump’s tax plan essentially calls for continued inflating of the current stock market bubble. Historically, the bigger the bubble, the greater will be the shock to the rest of the economy.

Naturally, one can look at the Republican created stock market bubble of the 1920s, and the income and wealth inequality that fueled that bubble, which led directly to the Great Depression. Then there was the Reagan bubble, and after a short blip of a recession in 1991 that cost President George H.W. Bush the presidency, the bubble renewed under the vigorous presidency of Wall Street’s very much owned Bill Clinton.

Under Clinton, there was a tech bubble, a telecommunications bubble (Bill signed the legislation guaranteeing it), a housing bubble (Bill refused to sign the legislation that would have prevented this), and, of course, all of these helped to fuel a stock market bubble (also fueled by exporting jobs to Mexico thanks to Clinton’s NAFTA). When the bubbles burst in 2001, the economy became a shambles.

Sure, the incompetent, corrupt and worst president in US history, President George W. Bush, followed the incompetent and corrupt President Bill Clinton into office, and did some really stupid things, like passing a tax cut for the rich that helped to create negative job growth in his eight years. However, to some degree, the economy under George W never recovered from the Clinton bubbles. It still has not, and likely never will, not without a major shift in political power from the billionaires who control both major political parties to people who will represent working folks, like Bernie Sanders and Elizabeth Warren.

Trump’s proposed tax cuts for the rich shows who is in control. It isn’t Trump, and it isn’t congress. A handful of billionaires need the bubble to continue to expand. Otherwise, they will lose trillions of imaginary dollars when it bursts, like back in 2008.

The best evidence of this collusion is Trump himself. When Trump was running for president he verbally assaulted in the most vicious of ways Chinese currency manipulation. The president has made certain not to mention this since shortly after he became president. This suggests one or more billionaires grabbed him by the lapels and told him if he mentioned Chinese currency manipulation again the billionaire’s club would take him behind the woodshed and give him a good political beating. Why would they do that?

When the Chinese manipulate their currency, it increases the profits of US corporations that manufacture in China and export those products to the US, and this, as you might suspect, fuels the stock market bubble.

As a senator, former President Obama also viciously attacked Chinese currency manipulation. However, once he became president Obama never mentioned the issue again, at least not in public. This suggests the same billionaires also threatened to take President Obama behind the political woodshed if he ever mentioned the subject again.

This suggests the same billionaires control both major political parties. Or, more than likely, there are two groups of billionaires, each in control over a major political party. However, it also suggests both groups close ranks when they have a common goal, such as making certain the public doesn’t know about how Chinese currency manipulation enriches them at the expense of everybody else, just like Trump’s tax cuts will.

 

A CNN reporter asked US Senator Elizabeth Warren from Massachusetts, “Do you agree with the notion that the DNC was rigged in Hillary Clinton’s favor?”

“Yes,” Warren said.

Okay, virtually everybody in the world has known or suspected this for quite some time.

Warren said the 2016 Democratic nomination for president was rigged in favor of Hillary Clinton. She also said the Wall Street controlled Democratic Party faces “a real problem” in dealing with the fallout from the revelation that Clinton’s campaign secretly took over control of the Democratic National Committee in 2015.

Responding to the disclosure by Donna Brazile, who became interim chairwoman of the DNC as last year’s election approached, Warren told CNN’s Jake Tapper on Thursday that Democratic leaders must restore faith in the party’s operations.

“What we’ve got to do as Democrats now is hold this party accountable,” Warren said, adding that the current DNC chairman, former Labor Department Secretary Tom Perez is “being tested.”

Warren failed to mention that Perez was the Clinton and Wall Street candidate to manage the Democratic Party.

Donna Brazile, a Clinton and Wall Street loyalist, wrote in her new book, Hacks: The Inside Story of the Break-ins and Breakdowns that Put Donald Trump in the White House, that shortly after she took the DNC job in late July 2016, she discovered the Clinton campaign had signed an agreement to help keep the DNC financially afloat, a deal in “which [Clinton] expected to wield control of its operations.”

The agreement between the DNC and the Clinton camp was signed in August 2015, several months before the primary season began and almost a full year before she officially secured the nomination over Vermont Sen. Bernie Sanders (I).

The Clinton campaign “had the DNC on life support, giving it money every month to meet its basic expenses, while the campaign was using the party as a fund-raising clearing house,” Brazile said in her book, to be released on Tuesday.

“The funding arrangement … was not illegal, but it sure looked unethical,” Brazile wrote.

The excerpt, first published in Politico, includes details about Brazile’s call to Sanders after she discovered the arrangement, set up under her predecessor, Rep. Debbie Wasserman Schultz (D-Fla.).

“When I hung up the call to Bernie, I started to cry, not out of guilt, but out of anger,” Brazile wrote. “We would go forward. We had to.”

Of course, Brazile leaked the questions to the Clinton campaign for one of the debates. She did not perform the same favor for Sanders. This suggests Brazile wrote the tell-all-book-about-the-scandal-but-not-my-involvement-in-it to make a few extra bucks.


The Senate voted Tuesday night to kill a rule that would have allowed Americans to file class-action suits against banks instead of being forced in many cases into private arbitration. As US Senator Elizabeth Warren puts it, “This is how the game is rigged against the middle class.”

The move by the Senate followed a similar action by the US House in July to rescind the rule. President Trump is expected to sign the repeal legislation, providing a major victory for the rich in their war against the rest of the United States citizens.

The Republican’s did this to protect the profits, share prices, and home mortgage-backed bond prices of the big banks, and to ensure that the current stock market bubble, doomed to massive deflation anyway within the foreseeable future, continues its upward trajectory without the burden of potentially bubble deflating class action lawsuits on the part of members of the 99 percent.

By its action, the US Congress and President Trump are helping the rich continue its vicious financial assaults against the 99 percent through the use of fraud, lies, providing misinformation and other illegal activities by the banks by putting up this firewall (ending class action lawsuits against the banks) and ending one of the most significant leverages the 99 percent has against the financial raping and pillaging by the big banks.

Most, if not all, of the corporate news media, failed to report that this action of Congress was not a victory for the “financial industry,” it was a victory for the rich. That’s because this action of Congress will ensure the banking industry can redistribute income from the 99 to the 1 percent more easily while increasing income and wealth inequality in the USA. The US is a nation that rates lower than many third world nations in income and wealth inequality, and this inequality will have massive economic repercussions in the coming months.

Former President George W. Bush recently came out in a public speech with veiled criticism of President Donald Trump. I remember Bush as president really well. Bush shouldn’t be allowed to criticise Trump since Trump hasn’t lied us into a war, nor has he ignored the warnings of his own intelligence agencies and those of several other nations of an impending attack on the United States, like Bush did. While Trump may turn out to be the 2nd worst US president in US history, (Trump haters can rejoice at that possibility), it would take more than stupid tweets for him to overcome the corruption and or complete incompetence of President George W. Bush.

Below is a list of some of President Bush’s finest accomplishments as President of the United States. As I look at them, it makes me realize Bush is the worst and most corrupt US president in history, even more so than President Herbert Hoover. Let’s face it. Trump has a long way to fall to overcome our worse US president.

 Bush’s Greatest Accomplishments

*Bush presided over the worst attack on the US by ignoring repeated warnings from his own Counterterrorism Chief Richard Clarke, CIA Director, FBI Director, Israel’s Mossad, Britain’s M16, and others, and instead of responding to the warnings, went on one of the longest presidential vacations in US history. The incompetence and or stupidity of Bush made it appear he wanted that attack to happen. This is why many people believe Bush—

  • Attacked the wrong country in retaliation, but it had lots of oil.
  • Only president in US history to launch a sado-sexual torture program in violation of the US Constitution, the Geneva Conventions, the United Nations, and Christian beliefs.
  • Only US president who, along with most members of his cabinet and former Vice President Dick Cheney, cannot travel to Europe, South America and most nations of Asia for fear of being apprehended and tried as a war criminal.
  • Attacked and took over two other countries.
  • Began the NSA program allowing for the unwarranted spying and breakin’s of US households and businesses in violation of the US Constitution, a policy continued by president’s Obama and Trump.
  • Spent the Clinton surplus and bankrupted the treasury.
  • Shattered record for biggest annual deficit in history.
  • Set economic record for most private bankruptcies filed in any 12 month period.
  • His economic policies produced the first negative US private sector job growth in any eight-year period in US history.
  • Presided over the biggest housing bubble in US history and didn’t do anything about it.
  • His economic policies redistributed more income and wealth from working Americans to the super rich more than any president, with the exception of President Bill Clinton.
  • Set all-time record for biggest drop in the history of the stock market.
  • First president in decades to execute a federal prisoner.
  • First president in US history to enter office with a criminal record.
  • First year in office set the all-time record for most days on vacation by any president in US history.
  • Set the record for most campaign fund-raising trips than any other president in US history.
  • c84ca8017328b6a84a026399e1deff66In his first two years in office over 2 million Americans lost their jobs.
  • Cut unemployment benefits for more out of work Americans than any president in US history.
  • Set the all-time record for most home foreclosures in a 12 month period.

* Appointed more convicted criminals to administration positions than any president in US history.
* Set the record for the least amount of press conferences than any president since the advent of television.
* Signed more laws and executive orders amending the Constitution than any president in US history.
* Presided over the biggest energy crises in US history and refused to intervene when corruption was revealed. (Think Enron and the California energy shortage)

* Presided over the highest gasoline prices in US history and refused to use the national reserves as past presidents have.
* Cut healthcare benefits for war veterans.
* Set the all-time record for most people worldwide to simultaneously take to the streets to protest him (15 million people), shattering the record for protest against any person in the history of humankind.
* Dissolved more international treaties than any president in US history.
* His presidency was the most secretive and un-accountable of any in US history until President Barack Obama came along.
* Members of his cabinet were the richest of any administration in US history up to its time. (the ‘poorest’ multi-millionaire, Condoleeza Rice has an Exxon oil tanker named after her). Trump’s cabinet has beaten that record.
* Presided over the biggest corporate stock market fraud of any market in any country in the history of the world. (He hated regulations and they had to be dispensed with)
* First president in US history to order a US attack and military occupation of a sovereign nation.
* Created the largest government department bureaucracy in the history of the United States.
* Set the all-time record for biggest annual budget spending increases, more than any president in US history.
* First president in US history to have the United Nations remove the US from the human rights commission.

* First president in US history to have the United Nations remove the US from the elections monitoring board.
* Removed more checks and balances, and had the least amount of congressional oversight of any presidential administration in US history.
* Rendered the entire United Nations irrelevant.
* Withdrew from the World Court of Law.
* Refused to allow inspectors access to US prisoners of war and by default no longer abided by the Geneva Conventions.
* First president in US history to refuse United Nations election inspectors (during the 2002 US elections).
* All-time US (and world) record holder for most corporate campaign donations. This has since likely been beaten by Obama, Hillary and Trump.
* His biggest life-time campaign contributor presided over one of the largest corporate bankruptcy frauds in world history (Kenneth Lay, former CEO of Enron Corporation).
* Spent more money on polls and focus groups than any president in US history.
* First president in US history to unilaterally attack a sovereign nation against the will of the United Nations and the world community.
* First president to run and hide when the US came under attack (and then lied saying the enemy had the code to Air Force 1)
* First US president to establish a secret shadow government.
* Took the biggest world sympathy for the US after 9-11, and in less than a year made the US the most resented country in the world (possibly the biggest diplomatic failure in US and world history).
* With a policy of ‘dis-engagement’ created the most hostile Israeli-Palestine relations in at least 30 years.
* First US president in history to have a majority of the people of Europe (71%) view his presidency as the biggest threat to world peace and stability.
* First US president in history to have the people of South Korea feel more threatened by the US than their immediate neighbor, North Korea.
* Changed US policy to allow convicted criminals to be awarded government contracts.

* Set all-time record for the number of administration appointees who violated US law by not selling huge investments in corporations bidding for government contracts.
* Failed to fulfill his pledge to get Osama Bin Laden ‘dead or alive’.* Failed to capture the anthrax killer who tried to murder the leaders of our country at the United States Capital building. Many people think those attacks were secretly ordered by Bush or his Vice President Richard Cheney.
* In the 18 months following the 9-11 attacks, he successfully prevented any public investigation into the biggest security failure in the history of the United States.
* Removed more freedoms and civil liberties for Americans than any other president in US history.
* In a little over two years created the most divided country in decades, possibly the most divided the US has ever been since the civil war.
* Entered office with the strongest economy in US history and in less than two years turned every single economic category straight down, and wound up with negative and wage job growth.
* Bush and Trump’s lack of response to Hurricane Katrina and the hurricane that leveled Puerto Rico and pretty much about the same.
* Only president in US history that cannot travel to South America and European nations because he will be arrested and tried for war crimes the moment he steps on their soil.