Foreclosure wave sweeps America
Key Excerpts from Article on Website of BBC
Foreclosure wave sweeps America
BBC, November 5, 2007
Posted: 2007-11-18 10:36:03
http://news.bbc.co.uk/2/hi/business/7070935.stm
A wave of foreclosures and evictions is about to sweep the United States in the wake of the sub-prime mortgage lending crisis. This could destabilise the US housing market and may also lead to further turmoil in financial institutions, who collectively own $1 trillion (Ł480.6bn) worth of sub-prime debt. Cleveland, Ohio, is an industrial city on the banks of Lake Erie in the US "rust belt". It is the sub-prime capital of the United States. One in ten homes in the city is now vacant, and whole neighbourhoods have been blighted by foreclosed, vandalized and boarded-up homes. Cleveland is facing a rising crime wave, and the cost of demolishing the vacant houses alone will cost the city $100m of its tax base. According to Jim Rokakis, the County Treasurer for Cleveland's Cuyahoga County, "Wall Street strategies that made the cycle of no-money-down, no-questions-asked lending possible have sucked the life out of my city". As the credit crunch continues to bite "families all over the country continue to lose homes in record numbers, stripping families of their wealth and destroying entire neighbourhoods," says Michael Calhoun of the Center for Responsible Lending, which tracks these issues. There have already been 1.7 million foreclosure proceedings in the US in the first eight months of 2007, and up to 2 million families are expected to lose their homes over the next two years, according to estimates by the US Congress's Joint Economic Committee. Many of these mortgages were sold by unscrupulous and little regulated mortgage brokers, who received handsome commissions for selling expensive and unsuitable products. Some customers were not told that their interest rates would go up sharply after two years; others were promised they could refinance their home before higher rates took effect. Others found that when they had difficulties paying, huge unexplained fees were added to their bills, putting them further in debt.
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U.S. Military Wanted to Provoke War With Cuba
2001-05-01, ABC News
http://abcnews.go.com/US/story?id=92662
In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban emigres, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's ... Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." The plans had the written approval of all of the Joint Chiefs of Staff and were presented to President Kennedy's defense secretary, Robert McNamara, in March 1962. But they apparently were rejected by the civilian leadership and have gone undisclosed for nearly 40 years. The Joint Chiefs even proposed using the potential death of astronaut John Glenn during the first attempt to put an American into orbit as a false pretext for war with Cuba. Should the rocket explode and kill Glenn, they wrote, "the objective is to provide irrevocable proof ... that the fault lies with the Communists." The scary thing is none of this stuff comes out until 40 years after.
Note: Why was ABC the only major news source to report on this highly revealing story? Read the shocking declassified documents on Operation Northwoods. Many military and political leaders look at the world as a grand chessboard. Sacrificing pawns (innocent civilians) is sometimes necessary to capture the queen. Explore revealing news articles on military corruption. Then check out eye-opening 9/11 news articles.
Inside the secretive Bilderberg Group
2005-09-29, BBC News
http://news.bbc.co.uk/1/hi/world/americas/4290944.stm
How much influence do private networks of the rich and powerful have on government policies and international relations? One group, the Bilderberg, has often attracted speculation that it forms a shadowy global government. Every year since 1954 [they have brought] together about 120 leading business people and politicians. At this year's meeting in Germany, the audience included the heads of the World Bank and European Central Bank, Chairmen or Chief Executives from Nokia, BP, Unilever, DaimlerChrysler and Pepsi ... editors from five major newspapers, members of parliament, ministers, European commissioners ... and the queen of the Netherlands. The chairman ... is 73-year-old Viscount Etienne Davignon. In an extremely rare interview, he played down the importance of Bilderberg. "I don't think (we are) a global ruling class because I don't think a global ruling class exists." Will Hutton ... who attended a Bilderberg meeting in 1997, says people take part in these networks in order to influence the way the world works, to create what he calls "the international common sense". And that "common sense" is one which supports the interests of Bilderberg's main participants. For Bilderberg's critics the fact that there is almost no publicity about the annual meetings is proof that they are up to no good. Bilderberg meetings often feature future political leaders shortly before they become household names. Bill Clinton went in 1991 while still governor of Arkansas, Tony Blair was there two years later while still an opposition MP. All the recent presidents of the European Commission attended Bilderberg meetings before they were appointed. Informal and private networks like Bilderberg have helped to oil the wheels of global politics and globalisation for the past half a century.
Note: Why is this meeting of top world leaders kept so secret? Why, until a few years ago, was there virtually no reporting on this influential group in the major media? Thankfully, the alternative media has had some good articles. And a Google search can be highly informative. Explore many other revealing major media news articles on powerful secret societies. And for those interested, check out reliable, eye-opening information covering the big picture of how and why these secret societies are using government-sponsored mind control programs to achieve their agenda.
[9/11] Hijack 'suspects' alive and well
2001-09-23, BBC News
http://news.bbc.co.uk/1/hi/world/middle_east/1559151.stm
Another of the men named by the FBI as a hijacker in the [9/11] suicide attacks on Washington and New York has turned up alive and well. The identities of four of the 19 suspects accused of having carried out the attacks are now in doubt. Saudi Arabian pilot Waleed Al Shehri was one of five men that the FBI said had deliberately crashed American Airlines flight 11 into the World Trade Centre on 11 September. His photograph was released, and has since appeared in newspapers and on television around the world. He told journalists there that he had nothing to do with the attacks. He has contacted both the Saudi and American authorities. He acknowledges that he attended flight training school at Daytona Beach in the United States, and is indeed the same Waleed Al Shehri to whom the FBI has been referring. But, he says, he left the United States in September last year [and] became a pilot with Saudi Arabian airlines. Abdulaziz Al Omari, another of the Flight 11 hijack suspects ... says he is an engineer with Saudi Telecoms, and that he lost his passport while studying in Denver. Meanwhile ... a London-based Arabic daily says it has interviewed Saeed Alghamdi. He was listed by the FBI as a hijacker in the United flight that crashed in Pennsylvania. And there are suggestions that another suspect, Khalid Al Midhar, may also be alive. FBI Director Robert Mueller acknowledged on Thursday that the identity of several of the suicide hijackers is in doubt.
Note: The deceptions in the 9/11 official story are clearly shown in this key story. The FBI never revised its list of alleged hijackers. These four are all listed in the official 9/11 Commission report as the hijackers. Click here and scroll down a little over half way to see their photos in the official report. For more, see this webpage. Explore also concise summaries of deeply revealing news articles with evidence of a 9/11 cover-up from reliable major media sources. Then examine an abundance of reliable information suggesting a major 9/11 cover-up.
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â€I'm the new Oppenheimer!': my soul-destroying day at Palantir's first-ever AI warfare conference
2025-05-17, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/technology/article/2024/may/17/ai-weapons-palanti...
The inaugural "AI Expo for National Competitiveness" [was] hosted by the Special Competitive Studies Project – better known as the "techno-economic" thinktank created by the former Google CEO and current billionaire Eric Schmidt. The conference's lead sponsor was Palantir, a software company co-founded by Peter Thiel that's best known for inspiring 2019 protests against its work with Immigration and Customs Enforcement (Ice) at the height of Trump's family separation policy. Currently, Palantir is supplying some of its AI products to the Israel Defense Forces. I ... went to a panel in Palantir's booth titled Civilian Harm Mitigation. It was led by two "privacy and civil liberties engineers" [who] described how Palantir's Gaia map tool lets users "nominate targets of interest" for "the target nomination process". It helps people choose which places get bombed. After [clicking] a few options on an interactive map, a targeted landmass lit up with bright blue blobs. These blobs ... were civilian areas like hospitals and schools. Gaia uses a large language model (something like ChatGPT) to sift through this information and simplify it. Essentially, people choosing bomb targets get a dumbed-down version of information about where children sleep and families get medical treatment. "Let's say you're operating in a place with a lot of civilian areas, like Gaza," I asked the engineers afterward. "Does Palantir prevent you from â€nominating a target' in a civilian location?" Short answer, no.
Note: "Nominating a target" is military jargon that means identifying a person, place, or object to be attacked with bombs, drones, or other weapons. Palantir's Gaia map tool makes life-or-death decisions easier by turning human lives and civilian places into abstract data points on a screen. Read about Palantir's growing influence in law enforcement and the war machine. For more, watch our 9-min video on the militarization of Big Tech.
Move fast, kill things: the tech startups trying to reinvent defence with Silicon Valley values
2025-03-29, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/world/2025/mar/29/move-fast-kill-things-the-tech-...
Skydio, with more than $740m in venture capital funding and a valuation of about $2.5bn, makes drones for the military along with civilian organisations such as police forces and utility companies. The company moved away from the consumer market in 2020 and is now the largest US drone maker. Military uses touted on its website include gaining situational awareness on the battlefield and autonomously patrolling bases. Skydio is one of a number of new military technology unicorns – venture capital-backed startups valued at more than $1bn – many led by young men aiming to transform the US and its allies' military capabilities with advanced technology, be it straight-up software or software-imbued hardware. The rise of startups doing defence tech is a "big trend", says Cynthia Cook, a defence expert at the Center for Strategic and International Studies, a Washington-based-thinktank. She likens it to a contagion – and the bug is going around. According to financial data company PitchBook, investors funnelled nearly $155bn globally into defence tech startups between 2021 and 2024, up from $58bn over the previous four years. The US has more than 1,000 venture capital-backed companies working on "smarter, faster and cheaper" defence, says Dale Swartz from consultancy McKinsey. The types of technologies the defence upstarts are working on are many and varied, though autonomy and AI feature heavily.
Note: For more, watch our 9-min video on the militarization of Big Tech.
Palantir's â€revolving door' with government spurs huge growth
2025-02-07, Financial Times
https://www.ft.com/content/a65c93af-abf9-427c-a2ee-a9f5b3d518b9
Palantir is profiting from a "revolving door" of executives and officials passing between the $264bn data intelligence company and high level positions in Washington and Westminster, creating an influence network who have guided its extraordinary growth. The US group, whose billionaire chair Peter Thiel has been a key backer of Donald Trump, has enjoyed an astonishing stock price rally on the back of strong rise of sales from government contracts and deals with the world's largest corporations. Palantir has hired extensively from government agencies critical to its sales. Palantir has won more than $2.7bn in US contracts since 2009, including over $1.3bn in Pentagon contracts, according to federal records. In the UK, Palantir has been awarded more than Ł376mn in contracts, according to Tussell, a data provider. Thiel threw a celebration party for Trump's inauguration at his DC home last month, attended by Vance as well as Silicon Valley leaders like Meta's Mark Zuckerberg and OpenAI's Sam Altman. After the US election in November, Trump began tapping Palantir executives for key government roles. At least six individuals have moved between Palantir and the Pentagon's Chief Digital and Artificial Intelligence Office (CDAO), an office that oversees the defence department's adoption of data, analytics and AI. Meanwhile, [Palantir co-founder] Joe Lonsdale ... has played a central role in setting up and staffing Musk's Department of Government Efficiency.
Note: Read about Palantir's growing influence in law enforcement and the war machine. For more, read our concise summaries of news articles on corruption in the military and in the corporate world.
The above three are excerpts from the news stories most recently posted to this website.
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