Famed Charles Manson prosecutor and three time #1 New York Times bestselling author Vincent Bugliosi stars in this most powerful, explosive, and thought-provoking documentary.
In The Prosecution of George W. Bush for Murder, Bugliosi presents a tight, meticulously researched legal case that puts George W. Bush on trial in an American courtroom for the murder of nearly 4,000 American soldiers fighting the war in Iraq. Bugliosi sets forth the legal architecture and incontrovertible evidence that President Bush took this nation to war in Iraq under false pretenses—a war that has not only caused the deaths of American soldiers but also over 100,000 innocent Iraqi men, women, and children; cost the United States over one trillion dollars thus far with no end in sight; and alienated many American allies in the Western world.
I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out.
Finally, the blanket restrictions on GAO audits of the Fed that have existed since 1978 will be removed. All items on the Fed’s balance sheet will be auditable, including all credit facilities, all securities purchase programs, and all agreements with foreign central banks. To calm fears that we might be trying to substitute congressional action for Fed mischief in tinkering with monetary policy, we agreed to a 180 day lag time before details of the Fed’s market actions are released and included language to state explicitly that nothing in the amendment should be construed as interference in or dictation of monetary policy by Congress or the GAO. This left no reasonable objections standing and the amendment passed with a vote of 43 to 26.
In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.Overall debt is still far too high in almost all rich economies as a share of GDP 350pc in the US, whether public or private. It must be reduced by the hard slog of “deleveraging”, for years. Related Articles ‘Debt levels risk another crisis'”As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse,” said the 68-page report, headed by asset chief Daniel Fermon. It is an exploration of the dangers, not a forecast.Under the French bank’s “Bear Case” scenario the gloomiest of three possible outcomes, the dollar would slide further and global equities would retest the March lows. Property prices would tumble again. Oil would fall back to $50 in 2010.Governments have already shot their fiscal bolts. Even without fresh spending, public debt would explode within two years to 105pc of GDP in the UK, 125pc in the US and the eurozone, and 270pc in Japan. Worldwide state debt would reach $45 trillion, up two-and-a-half times in a decade.
“The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.”- Congressman Ron Paul M.D.