Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Fraud

Swiss banks are now IRS agents

Bloomberg’s note on Monday that Swiss banks were having a hard time complying with the terms of an agreement between the Swiss government and the US Department of Justice hardly caused a ripple of media concern much less outrage. The time for such expressions is long past.

In accordance with the deal cut back in August 2009 the Department of Justice now has the power to force Swiss banks to

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New York Times Touts New Study to Resolve Mental Health Conflict with the Second Amendment

The front page of Sunday’s New York Times led with “When the Right to Bear Arms Includes the Mentally Ill”, a nearly 5,000-word essay by two journalists amping up the volume in the latest attack on the Second Amendment. The motive was clear from the beginning:

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Contractor behind the Obamacare website is not the only one with problems

Nearly one-quarter of CGI Group’s $1.3 billion in revenues last year came from the United States government which included $90 million to build the Obamacare website, Healthcare.gov. Unfortunately, overruns have taken that number up to $112 million, and could exceed

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The Implosion of the Social Security Disability Ponzi Scheme Accelerates

Fresh data just released by the trustees of the Social Security Administration show that the number of people receiving benefits from the Disability Insurance Trust Fund has exploded over the last five years, reducing the surplus in that fund from $216 billion in 2008 to just over $100 billion in 2013. There were 7.4 million recipients in January 2009, but as of October 2013, there are nearly 9 million beneficiaries, not including

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Obama’s trust and approval ratings drop to the lowest level since his inauguration

Tuesday’s polling results from the Quinnipiac University Polling Institute reflect America’s increasing unhappiness with Obamacare: its rollout, the president’s dissembling, the delays at ObamaCare.gov, and so on. And that unhappiness is consistent across all voters of all ages, including

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NJ’s Governor Christie Spent the Weekend Denying He’s Running for President

This article first appeared at The McAlvany Intelligence Advisor on Monday, November 11th, 2013:

Fresh from his resounding reelection victory for a second term as New Jersey’s governor, Chris Christie spent the weekend being interviewed on four different TV shows denying that he has any interest in running for president in 2016. He probably would have done another one but he ran out of time.

On ABC’s “This Week,” Christie said:

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Chevron Charges Opposing Attorney with Greenmail in Landmark Lawsuit

After nearly 20 years of defending itself against charges that its drilling operations in the Amazon jungle in Ecuador caused all manner of environmental damage, pollution and disruption and dissolution of the cultures of the natives in the area, Chevron Corporation finally decided to go on the offensive. On Tuesday, October 22nd, Chevron, the eleventh largest corporation in Fortune magazine’s Global 500, sued Steven Donziger, the leading attorney in a series of lawsuits going back to 1993, for fraud and bribery used to

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Delays in the Obamacare Rollout Expose Lies and Deceit

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, October 23rd, 2013:

“Oh what a tangled web we weave, when first we practice to deceive!” Sir Walter Scott, meet Barack Obama. By trying to hide the real costs – far higher than most expected and way above the savings Obama initially promised – of signing up for Obamacare, Obama ordered his techies to force applicants to

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JP Morgan Buying its Way Out of Legal Troubles

The announcement that a tentative agreement had been reached between the Department of Justice and JPMorgan (JPM) was surprising only in the size of the penalty the country’s largest bank (and second largest in the world) agreed to pay:

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There is no Debt Ceiling in place under the new Law

A closer look at what actually passed late Wednesday night reveals that the limit on the national debt wasn’t raised, it was eliminated altogether, at least until February 7th. What actually happened is that

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US oil output is up 25 percent from just one year ago

If the increase in US oil output continues to increase by 25% every year, as it did from September 2012 to September 2013, total US output would double every three years. It’s a simple case of mathematics, compound interest, and the Rule of 72.

The main thing working to keep that from happening is

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Summers is out, Yellen is in, the Fed rolls on

Just when it appeared that Larry Summers had the nomination for the next Fed chair all wrapped up, Summers called the White House on Sunday and told his good friend, President Obama, that he was withdrawing his name from consideration. He then sent a formal withdrawal letter to the president:

I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the Administration or, ultimately, the interests of the nation’s ongoing economic recovery.

The president dutifully responded with the appropriate accolades:

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Jesse Jackson, Jr. to be sentenced on Wednesday

This article was first published at The McAlvany Intelligence Advisor on Wednesday, August 14th, 2013:

 

At 8:30AM Wednesday morning, a federal judge will sentence former Illinois congressman Jesse Jackson, Jr. and his wife Sandra, former Chicago alderman, for using $750,000 of campaign funds for personal purposes and underreporting $600,000 of income to the IRS. He could get up to four years behind bars, while she is facing a maximum of 18 months.

But they do things differently in Chicago. They might just get

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Detroit: the First Domino to Fall

This article was first published at The McAlvany Intelligence Advisor on Monday, July 22nd, 2013:

 

The city of Detroit is living proof that Herb Stein is right: if something cannot go on forever, it will stop. For Detroit, it stopped last week when

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Detroit Bankruptcy: No Winners

When Michigan Governor Rick Snyder announced his approval for Detroit’s emergency manager Kevin Orr to file for a municipal Chapter 9 bankruptcy, he admitted that Detroit’s problems were decades in the making:

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The Unwinding of the Social Security Ponzi Scheme

This article was originally published in the McAlvany Intelligence Advisor on Monday, July 1st, 2013:

 

Every Ponzi scheme fails, some sooner than others. The Wall Street Journal just outlined the predictable unraveling of Social Security along with suggestions on how to keep it solvent. None of them will work.

In 2010 Social Security payouts exceeded payroll taxes for the first time since 1983 and it is now dipping into its reserves to stay afloat. The trustees’ report says those reserves will be gone by

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The President’s arrogance and ignorance is becoming more intolerable

Now he’s calling me a member of the “flat-earth society,” for which he doesn’t have time. His agenda of destruction is far too important to hear from or consider the opinions offered by people who disagree with it. He did, however, inadvertently say something intelligent about the effect his plans to solve “climate change” will have on the rest of us:

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Marc Rich, the oil trader Clinton pardoned on his last day, is dead at 78

In announcing the death of 78-year-old international oil trader, Marc Rich, commentators around the world nearly ran out of descriptors, calling him “friend”, “pioneer,” “colorful”, “great”, “controversial”, a “buccaneer”, the “King of Oil”, and the “King of Commodities.” Others weren’t so kind, calling him a

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Edward Snowden, the NSA leaker, likely headed for Ecuador for asylum

As of 10:32AM EDT on Monday Edward Snowden’s whereabouts were unknown, despite an international effort to track him down. His final destination was also in doubt, with reports of Ecuador, Venezuela or even Cuba being his target to escape prosecution for whistleblowing by the National Security Agency (NSA).

Following his leaking of NSA’s surveillance of phone calls and emails of citizens and government officials worldwide, Snowden headed for

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The Bankruptcy of Better Place Served Its Purpose

This article first appeared in the McAlvany Intelligence Advisor newsletter:

 

The announcement of the bankruptcy of a tiny electric car company called Better Place barely created a ripple in financial circles. The Financial Times noted that while Better Place was once “hailed as a visionary pioneer,” it was now being relegated to history as

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.