Friday, May 24, 2013

Greg Hunter“Weekly News Wrap-Up 5.24.13”

“Weekly News Wrap-Up 5.24.13”
By Greg Hunter’s

“The IRS scandal of targeting conservative groups is messy, and the Obama Administration is going to look like it was drug through a hog lot before it’s through. Lois Lerner, who was in charge of overseeing tax exempt groups, was put on administrative leave (with pay) after she pled the 5th. Funny thing though, before she pled, she made a statement that said she basically did nothing wrong. Then she answered a question and used her Constitutional right to not self-incriminate. Republican lawmakers say because she testified and made statements, she can’t have it both ways. Some say she waived her 5th Amendment right. This screams for a special prosecutor, and Democrats are not going to stand in the way. They are not going to cover for the White House. It is amazing to me how little the President claims to know about the IRS scandal, Benghazi and Department of Justice investigating journalists doing their jobs. I don’t know which is worse, a clueless President or a President knowing and doing nothing.  

The President does know something about the drone program that some say is nothing more than a drone murder program.  President Obama says he is going to “narrow” the parameters. That’s cold comfort to the already more than 3,000 people who have been killed by drones in the Middle East. Many were suspected terrorists, but many have been civilians hit by collateral damage. This includes more than 100 children! Could someone please tell me how we can go after al-Qaeda in places like Pakistan and Yemen and then turn around and arm al-Qaeda rebels in Libya and Syria? Could someone please tell me how this murder program is compatible with the due process clauses in the Constitution? Being “careful” or “narrowing” the scope does not take the place of charges, a public trial and being judged by a jury of your peers. This should be the standard, at least, for U.S. citizens. The government has finally admitted the U.S. has killed four Americans with drone strikes. 

Bernanke talked to Congress this week, and he blamed them for the economy not doing so well. Boy, that’s rich. The Fed is the reason for the 2008 financial meltdown in the first place. They certainly didn’t oversee all these mortgage-backed securities that are now toxic. The Fed has more than $3 trillion of this toxic debt on its balance sheet. That’s, in part, what all the QE or money printing is all about. Currently, the Fed is buying $40 billion a month of this junk to cover the fraud and gross mistakes of bankers. Outrageous! Why doesn’t Congress, either Democrat or Republican, ask Mr. Bernanke which banks are getting $40 billion each and every month? This is nearly a half trillion dollars a year. This is too stupid to be stupid. They fight tooth and nail over $85 billion in cuts, and nobody wants to know who’s getting nearly a half trillion a year?

Gold and silver were on a roller-coaster ride this week during Bernanke’s speech. Gold was up $50 an ounce, then down $20! Bernanke he’s says he’s going to taper QE, and then he says he might increase it. Bernanke gave a little something to everybody, but the truth is the minute he stops the money printing, the economy crashes.

The Middle East is still inching towards a wider war. The Syrian civil war is spilling over to Turkey, Lebanon and, now possibly, Northern Israel and the Golan Heights. The two countries are reportedly exchanging fire. Al-Qaeda wants a wider war. That way, the U.S. will be compelled to jump in. Meanwhile, Iran is going ahead with a new nuclear plant. The West is worried about Iran getting nuclear arms. Iran says it has no intention of building a bomb.

My heart goes out to the folks of Oklahoma City who suffered through a deadly storm.  ake a look at the before and after picture on the website. It looks like an entire suburb was wiped clean off the face of the earth.”

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