News: Debt Ceiling, 1929 Crash, Battling Big Pharma, Geopolitics, Bush, Clinton, Rand Deception (VIDEO)

News 2/17/14

Did you know the debt ceiling was just raised to infinity?! Did you know the US national debt is really over $70 trillion?! Bill Still breaks it down in about 4 minutes.

Bill Still: Debt Ceiling Destroyed | What is the new U.S. National Debt ceiling? Does anyone know?

Bill Still: The Debt Solution | The economic problems are many and mounting, but the solution is surprisingly simple.

CBS: Food prices soar as incomes stand still | “Food inflation is far greater than the government thinks it is,”

Ernie Varitimos: 1929 Crash Myth Busted | There has been a myth created that we are destined to experience the crash of 1929 all over again. I show the rest of the story that debunks the supposed source of the myth.

Tony Cartalucci: Big Pharma’s Profits Over People & How to Hit BackAnd while Slashdot claims that “big pharma, for all its problems still is the number one creator of new drugs,” it should be remembered that much of that money comes from federal grants, or in other words, out of the pocket of tax payers. Once these new drugs are developed, big-pharma’s business model is defended stalwartly by regulators, the media, and other facets of the corporate-financier oligarchy ruling over the Western world. The immense profits generated by the West’s health care racket are not merely helping recover R&D costs – the immensity of “big pharma” in and of itself is testament of this.

So for big pharma to hold profits and the contrived notion of “intellectual property” over the lives of impoverished people abroad is truly indefensible.

Several barriers prevent this skewed formula from being balanced or indeed, tilted in favor of the people.

For one, the notion of “intellectual property” prevents both the knowledge derived from research and development from passing into the hands of others who could potentially improve both the process of developing drugs as well as the very drugs produced in the first place. Since this knowledge is in part paid for by the people, it should be accessible to the people.

Another barrier are regulatory bodies that do not in fact function for the benefit of the health and safety of the people, but the profits and reputations of the corporations utilizing them. The US FDA has literally approved poison for human consumption on more than one occasion – not the result of incompetence, but the result of collusion with profiteering monopolies.

Pepe Escobar: The new US-Russia Cold War | Meet the new (cold) war, same as the old (cold) war. Same same, but different. One day, it’s the myriad implications of Washington’s “pivoting” to Asia – as in the containment of China. The next day, it’s the perennial attempt to box Russia in. Never a dull moment in the New Great Game in Eurasia.

Iran: A Diplomatic Threat? | Eric Draitser of appears on Press TV to discuss the absurd accusation of Iran being in league with Al Qaeda. Draitser explains that such a narrative is rooted in a deeply held fear that Iran’s foreign policy presents an obstacle to US hegemony in the region. He draws the connection between US policy in Syria, and the similarity of these most recent accusations with similar lies spouted by the Bush Administration.

Global Research: US-Backed Venezuelan Opposition trying to use Ukraine-style Protests to Take Power | Anchor Mike Walter of CCTV America sits down with Mike Walter to debunk the myths behind the February 2014 Venezuelan protests.

The issue is beyond economics. Despite the Venezuelan government’s democratic mandate, which includes winning most the municipal campaigns in December 2013, the Venezuelan opposition wants to use flash mobs to take over the country and ouster the government in Caracas. According to state news agency AVN, of the 337 mayors elected in December 2013, the final vote counts awarded 256 mayor positions (76%) to the ruling party or pro-government forces.

The protests in Ukraine are now being replicated in Venezuela with the aim of removing the government outside of the democratic process. Despite failing to win any of the elections in the last few years, the US-supported Venezuelan opposition is now resorting to colour revolution tactics.

For more analyses and text please visit Global Research.

Paul Craig Roberts: US and EU Are Paying Ukrainian Rioters and Protesters | A number of confirmations have come in from readers that Washington is fueling the violent protests in Ukraine with our taxpayer dollars. Washington has no money for food stamps or to prevent home foreclosures, but it has plenty of money with which to subvert Ukraine.

Tony Cartalucci: Why Occupy Bangkok is Working and Occupy Wall Street Didn’t | Power flows from institutions and those without them have no power. – Occupy Wall Street, ideologically speaking, could not have been any more universally appealing. It was the 99% against the 1% (or more accurately – the 99.9% vs. the 0.1%), with the realization that big money had taken over politics and society to the detriment of all, regardless of political affiliation. With such a broadly appealing message, how come the movement fizzled?

Conversely, on the other side of the planet, “Occupy Bangkok” seeks to overthrow a regime propped up by Wall Street – that of billionaire despot Thaksin Shinawatra who for over a decade has served Western interests at great cost to the Southeast Asian nation of Thailand. Unlike Occupy Wall Street, Occupy Bangkok has been greatly successful. It has united unions, students, farmers, workers, business owners both big and small, against the corrosive influence of Thaksin Shinawatra and his Western backers.

Global Research – Convicted Criminals Serve as “Freedom Fighters” in Syria: Saudi, Pakistani and Iraqi Prison Inmates Replenish Al Qaeda Ranks

Global Research: Obama Revisits Military Option on Syria | It is entirely conceivable that Obama may order US drone strikes on targets in Syria at some stage. Which, of course, will begin with al-Qaeda targets but could always be extended incrementally to tilt the military balance in favor of the wider agenda of regime change.

Syria articles |

Truthstream Media: Rising ‘Hispanic’ Star George P. Bush Confronted on Family’s Nazi Banking Past | The little known George P. Bush (from the powerful Bush Dynasty) is rising to political power in Texas on his ‘Hispanic’ credentials. His rising star is a Trojan Horse towards stopping a “Blue State” from emerging in Texas, swinging potentially Democratic voters back to the GOP, while priming the Southwest for the immigration reforms designed by his father Jeb Bush at the Council on Foreign Relations – in turn part of the larger plan to usher in a North American Union and seize vast land areas for the planned Trans-Texas Corridor which will fast-track NAFTA-on-steroids global trade.

Truthstream Media: Hillary Clinton Scares Me | Besides the fact that it looks like classic fascist propaganda, and besides the fact that for some strange reason (<– sarcasm) we always seem to come back around to placing a Bush or a Clinton in a top leadership position in this country, the idea of Hillary Clinton actually becoming president in a few years is truly horrifying.

Here she is straight up cackling about potentially bombing Iran, a move which would result in the deaths of thousands and very likely start World War III.

Truthstream Media – Proof: Rand Paul Is Controlled Opposition | Rand Paul’s quiet backing to the tune of millions by Machiavellian operative Karl Rove and his public association with George P. Bush and other establishment GOP figures make it all too clear that the grassroots liberty movement generated to support Ron Paul’s 2008 and 2012 presidential campaigns was just fodder for the co-opted rise of Rand Paul. Under this emerging vision of the GOP future, tea party supporters and those who’ve rejected the two-party system are just other demographics to pander to and usher into the voting booths alongside Hispanics, women and the Religious Right.

Greg Hunter – Peter Schiff: Gold Update, The Dollar Will Collapse First, Janet Yellen Wants More Inflation & More | Peter Schiff, the CEO of Euro Pacific Precious Metals, says, “The messes get progressively bigger because the bubbles get progressively bigger. We have the biggest bubble ever blown right now because we have a simultaneous bubble in the stock market and the real estate market and the bond market. . . . The air is coming out of all of them. The Fed knows this bubble is too big to pop. That’s why the Fed is going to come back with an even bigger round of QE (money printing) than the last round. We’re going to be hit with a tsunami of inflation. . . . I think we’re going to be stuck with a lot of the money, which means it will bid up consumer prices right here in America. New Fed Chief Janet Yellen said she wants more inflation. Well, she’s going to get it.”

Schiff thinks the U. S. Dollar will be in trouble first and not Treasury Bonds. Why? Schiff says, “The dollar will go poof first. Remember, the Federal Reserve can buy up all those bonds to stop the prices from collapsing, but in order to do so, it has to print dollars. But, eventually, the dollar collapses because the world figures out the game. The Fed can print all the dollars they want, but they can’t force people to accept them. That is going to be the problem.”

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