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Documents are largely from what is referenced by interesting films, Prison Planet/Infowars and the Corbett Report. This database is a quick reference and for your analysis, more independent from others' interpretations. The database includes almost all source documents and articles from these films: Loose Change (Final Cut & 2nd Edition), Fabled Enemies, The Obama Deception, End Game, Martial Law 9/11, American Dictators, Matrix of Evil, Zeitgeist: Addendum, Who Killed The Electric Car?, The World According To Monsanto, Mind The Gap, and 7/7 Ripple Effect.
Iran: a quickly evolving geopolitical imbroglio As the days go by, the situation with Iran just gets increasingly complex and worrisome given the egregious saber rattling coming from both the West and Iran alike.
As I outlined in my article entitled “Positioning for war with Iran?”, it has become clear that the West is either arming surrounding neighbors as a deterrent, preparation for an unprovoked strike, or perhaps even to goad Iran into attacking Western interest first, thus justifying brutal retaliation.
My fledgling series about the global growth of NATO and the Western empire also covers aspects of this greater trend and how these issues constantly evolve and how so many seemingly disconnected events are in fact inseparably linked.
While these issues may seem disconnected for some, I think it is quite important to point out that in fact they couldn’t be more closely related in that they are both symptoms of the cancerous war profiteering industry that is not only robbing the American people blind in the name of freedom but also eliminating our civil liberties and slaughtering innocent people around the globe. (End The Lie)
Secret Fed Loans Gave Banks $13 Billion Banks worldwide earned an estimated $13 billion by taking advantage of below-market rates on emergency U.S. Federal Reserve loans from August 2007 through April 2010. Roll over the bars below to explore details for each. To compare results with banks' net income or losses for the same timeframes, click the corresponding button. Worldwide total is the sum for 190 firms with available data; those banks lost a combined $21.6 billion.
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue. (Bloomberg)
Fukushima Radioactive Water May Breach Plant’s Storage Trenches in 5 Days Radioactive water accumulating in Japan’s crippled Fukushima plant may start overflowing from service trenches in five days, potentially increasing the contamination from the worst nuclear crisis since Chernobyl.
Tokyo Electric Power Co. has been manually pumping water into overheating reactors after cooling systems broke down and much of that has overflowed into basements and trenches. The water is rising at a rate that means it will overflow as early as June 6, Bloomberg calculations from the company’s data show.
“There is still a risk of radioactive water leaking into the sea,” Hikaru Kuroda, an official at the utility known as Tepco, said in Tokyo today. “We may have between five and seven days before the water levels reach the top of the trenches.”
Almost 60 percent of Japanese adults worry they’ve been contaminated since Fukushima started emitting radiation almost three months ago, according to a Pew Research Center poll. The poll shows at least 80 percent of the population is dissatisfied with the response either from Tepco or the government of Prime Minister Naoto Kan, who survived a no-confidence vote today. (Bloomberg)
Oil Plunges as Japan's Refiners Shut Plants After Earthquake Oil fell below $100 a barrel in New York for the first time in more than a week after Japan’s strongest earthquake in at least a century forced refiners to shut several processing plants.
U.S. crude futures were headed for their first weekly decline in a month following the temblor in the world’s third- largest oil user. A fire at Cosmo Oil Co.’s refinery in Chiba, outside Tokyo, is spreading, a Fire Department spokesman said. JX Nippon Oil & Energy Corp. closed refineries in Sendai, Kashima and Negishi. In London, Brent crude was set for its first weekly decline in seven.
“The earthquake is having a psychological impact on the market in triggering a rise in risk aversion,” said Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt. “The effect is also physical, in that oil demand from Japan could temporarily be lower.”
Crude for April delivery tumbled as much as $3.69, or 3.6 percent, to $99.01 a barrel in electronic trading on the New York Mercantile Exchange. It was at $100.38 at 1:02 p.m. London time. Prices this week are down 3.9 percent, the first weekly drop in a month.
Brent oil for April settlement on the London-based ICE Futures Europe exchange dropped as much as $3.18, or 2.8 percent, to $112.25 a barrel. It was trading at $113.19 at 1:01 p.m. local time. The contract has lost 2.4 percent this week. (Bloomberg)
Red flag: Biggest bond fund dumps U.S. Treasuries Last fall Jason Thomas, writing in National Affairs, explained the danger of our increasing debt:
The government borrows in a currency that it prints, and it is difficult to conceive of a situation in which it would be more advantageous for the United States to renounce obligations than to print whatever amount of dollars would be necessary to meet them. The real problem is that bond-market investors are not oblivious to this flexibility. When it appears likely that a country will print money to inflate away unsustainable debt burdens, interest rates rise to incorporate an inflation risk premium -- thus increasing the burden on the government and on private borrowers. The danger, then, is that excessive borrowing will bring investors' hunger for Treasury securities to an end, causing a spike in interest rates that could crush the American economy and send it into a debt spiral we would find very difficult to escape.
Treasury securities have continued to sell, as Thomas explained, because of "the weakness of other countries' fiscal positions, and the power of inertia and familiarity." But that can change. Thomas warned:
The Treasury market's status as a safe haven is not an immutable feature of economic life: It is a function of institutional credibility that took generations to build, but that would take just a fraction of that time to destroy. Were Treasury securities to lose their status as the global reserve asset of choice to gold, other commodities, or a different currency, the consequences for the American economy would be disastrous. Unlikely as such a scenario might seem at the moment, today's fiscal policies unquestionably increase the probability of its coming to pass. (Washington Post)
Chertoff Group: Israel Cyber-Attacks Iranian Nuke Plant With Stuxnet Computer Virus Richard Falkenrath, a principal at Chertoff Group and a Bloomberg Television contributing editor, discusses the Stuxnet computer virus. The worm targets Siemens AG software used to control industrial equipment and may be aimed at destroying Iran's controversial nuclear facility, according to Ralph Langner, a German industrial controls safety expert, the Financial Times reported. Falkenrath, speaking from Washington, talks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Bloomberg)
GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation As we pointed out last week, a certain judge in Florida set quite a precedent when he found that JPM, as servicer for a Fannie mortgage, had committed court fraud by foreclosing while not in possession of the actual mortgage. We then concluded that "The implications for the REO and foreclosures track for banks could be dire as a result of this ruling, as this could severely impact the ongoing attempt by banks to hide as much excess inventory in their books in the quietest way possible." Not a week has passed since, and we are already proven right. Today, Bloomberg discloses that GMAC Mortgage, a unit of the affectionately renamed Ally Bank, has halted all foreclosures in 23 states, including Florida, Connecticut and New York. (Zero Hedge)
Grayson Sends Letter Demanding Halt Of Illegal Foreclosures, Calls Out "Largest Seizure Of Private Property Ever Attempted By Banks And Government" The key story from this morning was the Bloomberg report that GMAC Bank had halted foreclosures in 23 states, following disturbing news from last week that rekindled the latent debate over whether servicer banks do in fact own deeds to mortgages on which they foreclose on, and whether the entire foreclosure process is in fact fraudulent (one judge found it to be so, creating a massive headache precedent for the banker community). Yet the company which initially agreed with Bloomberg's version of events, is now retracing and claiming that foreclosures are in fact continuing... with a footnote. (Zero Hedge)
Was Matt Simmons Right About The Oil Spill? Back when BP and the government were talking about a 5,000 bbd leak, Matt Simmons boldly predicted a rate of 120,000 bbd -- and he wasn't far off. His apocalyptic predictions were often right, like the existence of underwater oil plumes, and sometimes wrong, like the imminent bankruptcy of BP.
But the prominent oil investor, who died at his home yesterday, dropped out of the news recently, as BP appeared to get ahold on its leaking well. (Business Insider)
Cracks Show BP Was Battling Gulf Well as Early as February It took 10 days to plug the first cracks, according to reports BP filed with the Minerals Management Service that were later delivered to congressional investigators. Cracks in the surrounding rock continued to complicate the drilling operation during the ensuing weeks. Left unsealed, they can allow explosive natural gas to rush up the shaft.
On Feb. 13, BP told the minerals service it was trying to seal cracks in the well about 40 miles (64 kilometers) off the Louisiana coast, drilling documents obtained by Bloomberg show. Investigators are still trying to determine whether the fissures played a role in the disaster. (Bloomberg)
U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs, would've paid for 90% of all mortgages The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.
Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed.
“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?” (Bloomberg)
Martial Law, the Financial Bailout, and the Afghan and Iraq Wars The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the legislation, that it allowed Treasury Secretary Henry Paulson to permit bailed-out institutions to use public money for exorbitant salaries and bonuses, was inserted by Paulson after the immediate crisis had passed.
It is worth noticing that, ever since the 1950s, dubious events--of the unpublic variety I have called deep events--have marked the last months before a change of party in the White House. These deep events have tended to a) constrain incoming presidents, if the incomer is a Democrat, or alternatively b) to pave the way for the incomer, if he is a Republican. (The Asia-Pacific Journal: Japan Focus)
Fed Refuses to Disclose Recipients of $2 Trillion Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression
Bloomberg didn’t receive a formal response that would let it file an appeal within the legal time limit. (Bloomberg)
Government bailout hits $8.5 trillion The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News (San Francisco Chronicle)
and 2 million new ones join each week. But you won't catch Tom Hodgkinson volunteering his personal information
not now that he knows the politics of the people behind the social networking site
I despise Facebook. This enormously successful American business describes itself as "a social utility that connects you with the people around you". But hang on. Why on God's earth would I need a computer to connect with the people around me? Why should my relationships be mediated through the imagination of a bunch of supergeeks in California? What was wrong with the pub?
And does Facebook really connect people? Doesn't it rather disconnect us, since instead of doing something enjoyable such as talking and eating and dancing and drinking with my friends, I am merely sending them little ungrammatical notes and amusing photos in cyberspace, while chained to my desk? A friend of mine recently told me that he had spent a Saturday night at home alone on Facebook, drinking at his desk. What a gloomy image. Far from connecting us, Facebook actually isolates us at our workstations.
Facebook appeals to a kind of vanity and self-importance in us, too. If I put up a flattering picture of myself with a list of my favourite things, I can construct an artificial representation of who I am in order to get sex or approval. ("I like Facebook," said another friend. "I got a shag out of it.") It also encourages a disturbing competitivness around friendship: it seems that with friends today, quality counts for nothing and quantity is king. The more friends you have, the better you are. You are "popular", in the sense much loved in American high schools. Witness the cover line on Dennis Publishing's new Facebook magazine: "How To Double Your Friends List."
The third board member of Facebook is Jim Breyer. He is a partner in the venture capital firm Accel Partners, who put $12.7m into Facebook in April 2005. On the board of such US giants as Wal-Mart and Marvel Entertainment, he is also a former chairman of the National Venture Capital Association (NVCA). Now these are the people who are really making things happen in America, because they invest in the new young talent, the Zuckerbergs and the like. Facebook's most recent round of funding was led by a company called Greylock Venture Capital, who put in the sum of $27.5m. One of Greylock's senior partners is called Howard Cox, another former chairman of the NVCA, who is also on the board of In-Q-Tel. What's In-Q-Tel? Well, believe it or not (and check out their website), this is the venture-capital wing of the CIA. After 9/11, the US intelligence community became so excited by the possibilities of new technology and the innovations being made in the private sector, that in 1999 they set up their own venture capital fund, In-Q-Tel, which "identifies and partners with companies developing cutting-edge technologies to help deliver these solutions to the Central Intelligence Agency and the broader US Intelligence Community (IC) to further their missions".
The US defence department and the CIA love technology because it makes spying easier. "We need to find new ways to deter new adversaries," defence secretary Donald Rumsfeld said in 2003. "We need to make the leap into the information age, which is the critical foundation of our transformation efforts." In-Q-Tel's first chairman was Gilman Louie, who served on the board of the NVCA with Breyer. Another key figure in the In-Q-Tel team is Anita K Jones, former director of defence research and engineering for the US department of defence, and
with Breyer
board member of BBN Technologies. When she left the US department of defence, Senator Chuck Robb paid her the following tribute: "She brought the technology and operational military communities together to design detailed plans to sustain US dominance on the battlefield into the next century."
The CIA may look at the stuff when they feel like it
"By using Facebook, you are consenting to have your personal data transferred to and processed in the United States ... We may be required to disclose user information pursuant to lawful requests, such as subpoenas or court orders, or in compliance with applicable laws. We do not reveal information until we have a good faith belief that an information request by law enforcement or private litigants meets applicable legal standards. Additionally, we may share account or other information when we believe it is necessary to comply with law, to protect our interests or property, to prevent fraud or other illegal activity perpetrated through the Facebook service or using the Facebook name, or to prevent imminent bodily harm. This may include sharing information with other companies, lawyers, agents or government agencies." (London Guardian)
More Attacks Planned? Second Wave of Terrorist Strikes Feared The Treasury Department, the Securities and Exchange Commission and a Chicago exchange have launched a major investigation into some suspicious and highly sophisticated stock trading just prior to the Sept. 11 terror attacks. Investigators are probing highly unusual trading in "puts" — basically bets made by an investor that a stock's price will fall by a certain date. The week before the attack, virtually unheard of numbers of puts were sold for United Airlines and American Airlines, which operated the four hijacked planes; Morgan Stanley, the investment bank which occupied more than 20 floors in the now-destroyed twin towers; and a number of other companies that were adversely affected by the tragedy and whose stocks plunged as a result. "This would be one of the most extraordinary coincidences in the history of mankind if it was a coincidence," Dylan Ratigan of Bloomberg Business News said today on ABCNEWS' Good Morning America. (ABC)
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