School Test Teaches Kids: “Commands Of Government Officials Must Be Obeyed By All”

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A parent of a ten year old was shocked to discover a grammar and writing test paper that their child brought home from school reads more like document from an authoritarian country such as China.

The parent sent a portion of the test paper to Infowars, revealing that it contains sentences such as “The commands of government officials must be obeyed by all.”

The paper uses such sentences and asks school children to replace certain words in order to make the sentence contain a possessive noun.

Others within the paper include:

“The job of a president is not easy.”

“He makes sure the laws of the country are fair”

“The wants of an individual are less important than the needs of a nation”

Here is the portion of the paper Infowars received:

Upon further investigation it appears that the paper is part of a set produced by Pearson Education, a global corporation that provides education publishing and assessment services to schools in the US and the rest of the world. Pearson is the world’s largest for-profit education business.

The particular sentence about everyone obeying government commands appears in other Pearson papers, such as this fifth grade grammar test.

According to the company’s Wikipedia page and its website, Pearson owns leading educational media brands including Addison–Wesley, BBC Active, Bug Club, eCollege, Fronter, Longman, MyEnglishLab, Penguin Readers, Prentice Hall, Poptropica and Financial Times Press. Pearson is part of Pearson PLC, which also owns Penguin Books and the Financial Times.

In 2010, Pearson also negotiated a 5 year, $32 million, contract with the New York State Department of Education to design tests for students in grades 4-8.

Some have criticized the company’s test papers. Last year papers designed for NYSED were found to contain over 30 errors. Writing for the New York Times, Gail Collins noted:

“We have turned school testing into a huge corporate profit center, led by Pearson, for whom $32 million is actually pretty small potatoes. Pearson has a five-year testing contract with Texas that’s costing the state taxpayers nearly half-a-billion dollars.”

Collins outlines the fact that Pearson is being contracted under the controversial No Child Left Behind program set up by the government in 2001:

“This is the part of education reform nobody told you about. You heard about accountability, and choice, and innovation. But when No Child Left Behind was passed 11 years ago, do you recall anybody mentioning that it would provide monster profits for the private business sector?”

Collins continues:

“[Pearson’s] lobbyists include the guy who served as the top White House liaison with Congress on drafting the No Child law. It has its own nonprofit foundation that sends state education commissioners on free trips overseas to contemplate school reform.”

Ah… all becomes clear. Government contracted education papers telling children that they must obey the commands of the government. Nice.

Along with enforcing government mandated rules such as banning packed lunches, this will be seen by many as yet another example of how the nanny state is encroaching via the public education system.

It’s a concept also being promoted by the mass media. Earlier this year, MSNBC ran a segment pushing the notion that kids belong to the “collective,” and that the “idea that kids belong to their parents or kids belong to their families” should be eliminated.

These revelations also remind one of Common Core, federally mandated education principles, which are effectively dumbing down students by standardizing education across the board and shutting out diversity in teaching.

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Federal Reserve Says Banks Need to Brace For Economic Impact

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The Federal Reserve Bank (FRB) warned financial institutions to reserve on-hand cash, government bonds and all highly rated assets to survive a severe economic “downturn”.

The FRB outlined essential “liquidity” requirements to ensure that cash can be assessed in an instant.

Those financial institutions with more than $250 billion in assets on the books are now required to hold those cash reserves to fund banking operations for 30 days during severe market “stress”.

Smaller banks with an estimated $50 million in worth are expected to have that much in in-house accounting to survive for 21 days.

Banks are being subject to international standards as disseminated by the Bank for International Standards (BIS).

Ben Bernanke, chair of the FRB said: “Liquidity is essential to a bank’s viability and central to the smooth functioning of the financial system. [The new regime] would foster a more resilient and safer financial system in conjunction with other reforms.”

Last January the BIS and the Basel Committee on Banking Supervisors (BCBS) has applied the underlying pressure on US banks to liquidate to appease global markets. The American taxpayer is picking up the tab for this turn of events. BIS is giving these banks until 2019 to comply with their new rules. Capital to prop up the banks will be needed while they liquidate assets such as bonds, mortgages, loans and stock shares.

Consequences of the liquidation have been evidenced in governmental austerity and movement toward sovereign debt by the technocrats. Any asset assessed by Basel can and is being used as collateral of the banksters in an anything goes temperament while the squandering of wealth continues.

BIS has used the scheme of forcing capital from the banks to control the measures taken globally. International banking constraints mandated in these new rules are putting more control into the hands of “shadow banks” where supervision is unheard of.

Michel Barnier, commissioner of BIS, stated that the Basel Committee has “revised liquidity coverage ratio and the gradual approach for its phasing-in by clearly defined dates. This is significant progress which addresses issues already raised by the European Commission. We now need to make full use of the observation period, and learn from the reports that the European Banking Authority will prepare on the results of the observation period, before formally implementing in 2015 the liquidity coverage ratio under EU law in line with the Basel standards.”

Liquidity is seen by the technocrats as a necessity for “the stability of banks as well as for their role in supporting wider economic recovery.”

At a time when the introduction of a global currency to replace all fiat across the globe is at hand, it makes perfect sense that the technocrats are positioning themselves to control the central banks as offshoot branches of their operation. At the head of this monster, the BIS sets the tone and directs the banksters with limitations and orders.

The European Central Bank (ECB) is setting the stage of a complete financial collapse of fiat currencies across the globe. Joining in the scheme are other technocratic institutions such as the Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank.

Under the guise of preventing a system failure during the global financial crisis, there will be “an extension of the existing temporary US dollar liquidity swap arrangements until February, 1 2014.” This action allows the central bankers to liquidate currencies under their jurisdiction “should market conditions so warrant.” Under this plan, euros backed by nothing can continue to pour into the system throughout the Eurozone “in addition to the existing liquidity-providing operations” in the US. This liquidation will take place “until further notice.”

The UN has proposed a complete overhaul in the report entitled, “Adapting the International Monetary System to Face 21st Century Challenges”.

They call for a “more intense debate on and reforms to the international monetary system imply that the current system is unable to respond appropriately and adequately to challenges that have appeared, or become more acute, in recent years. This paper focuses on four such challenges: ensuring an orderly exit from global imbalances, facilitating more complementary adjustments between surplus and deficit countries without recessionary impacts, better supporting international trade by reducing currency volatility and better providing development and climate finance. After describing them, it proposes reforms to enable the international monetary system to better respond to these challenges.”

They recommend movement toward a global currency that will replace all current currencies. Revaluation will be accessed and the worth of money would redistribute with oversight of the IMF, WTO and ultimately the UN.

source: occupycorporatism

Woman Sues Fed Over Goldman Sachs

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A FORMER employee has sued the Federal Reserve Bank of New York, saying she was wrongfully terminated because she refused to change the results of her investigation into the banking firm Goldman Sachs.

Carmen Segarra filed her federal lawsuit against the New York Fed on Thursday in Manhattan.

Segarra’s lawsuit says the New York Fed interfered with her examination of Goldman Sachs’ legal and compliance divisions and directed her to change her findings. She says she refused and was fired three days later, in May 2012.

The firing caused her career in banking to be “irreparably damaged,” says her lawsuit, which seeks her reinstatement to her position as senior bank examiner, back pay, compensation for lost benefits, compensatory damages, lawyer’s fees and other expenses.

Segarra’s finding led to the New York Fed’s Legal and Compliance risk team to approve downgrading Goldman’s annual rating pertaining to policies and procedures, the lawsuit said.

It’s not clear if the approval led to an actual rate change, but the lawsuit said two Fed officials, named as defendants in the lawsuit, were concerned that a downgrade would hurt the Wall Street bank financially.

A spokesman for the New York Fed declined to comment on the specifics of the lawsuit but said its personnel decisions “are based exclusively on individual job performance and are subject to thorough review.”

“We categorically reject any suggestions to the contrary,” spokesman Jack Gutt said.

Goldman Sachs said it had no knowledge of internal Fed discussions “nor the matters raised by Ms Segarra.”

“Goldman Sachs has a comprehensive approach to addressing conflicts through firmwide and divisional policies and infrastructure,” Goldman Sachs spokesman Michael DuVally said.

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12 Very Ominous Warnings About What A U.S. Debt Default Would Mean For The Global Economy

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A U.S. debt default that lasts for more than a couple of days could potentially cause a financial crash unlike anything that the world has ever seen before.  If the U.S. government purposely wanted to damage the global financial system, the best way that they could do that would be to default on U.S. debt obligations.  A U.S. debt default would cause stocks to crash, would cause bonds to crash, would cause interest rates to soar wildly out of control, would cause a massive credit crunch, and would cause a derivatives panic that would be absolutely unprecedented.  And that would just be for starters.  But don’t just take my word for it.  These are the things that top financial experts all over the planet are saying will happen if there is an extended U.S. debt default.

Because they are so close together, the “government shutdown” and the “debt ceiling deadline” are being confused by many Americans.

The “partial government shutdown” that we are experiencing right now is pretty much a non-event.  Yeah, some national parks are shut down and some federal workers will have their checks delayed, but it is not the end of the world.  In fact, only about 17 percent of the federal government is actually shut down at the moment.  This “shutdown” could continue for many more weeks and it would not affect the global economy too much.

On the other hand, if the debt ceiling deadline (approximately October 17th) passes without an agreement that would be extremely dangerous.

And if the U.S. government is eventually forced to start delaying interest payments on U.S. debt (which could potentially happen as soon as November), that would be absolutely catastrophic.

Once again, just don’t take my word for it.  The following are 12 very ominous warnings about what a U.S. debt default would mean for the global economy…

#1 Gerald Epstein, a professor of economics at the University of Massachusetts Amherst: “If the US does default, that will make the Lehman Brothers bankruptcy look like a cakewalk”

#2 Tim Bitsberger, a former Treasury official under President George W. Bush: “If we miss an interest payment, that would blow Lehman out of the water”

#3 Peter Tchir, founder of New York-based TF Market Advisors: “Once the system starts to break down related to settlement and payments, then liquidity disappears, as we saw after Lehman”

#4 Bill Isaac, chairman of Cincinnati-based Fifth Third Bancorp: “We can’t even imagine all the things that might happen, just like Henry Paulson couldn’t imagine all the bad things that might happen if he let Lehman go down”

#5 Jim Grant, founder of Grant’s Interest Rate Observer: “Financial markets are all confidence-based. If that confidence is shaken, you have disaster.”

#6 Richard Bove, VP of research at Rafferty Capital Markets: “If they seriously default on the debt, what we’re really talking about is a depression”

#7 Chinese vice finance minister Zhu Guangyao: “The U.S. is clearly aware of China’s concerns about the financial stalemate [in Washington] and China’s request for the US to ensure the safety of Chinese investments.”

#8 The U.S. Treasury Department: “A default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse”

#9 Goldman Sachs: “We estimate that the fiscal pull-back would amount to 9pc of GDP. If this were allowed to occur, it could lead to a rapid downturn in economic activity if not reversed quickly”

#10 Simon Johnson, former chief economist for the IMF: “It would be insane to default, but it’s no longer a zero-percent probability”

#11 Warren Buffett about the potential of a debt default: “It should be like nuclear bombs, basically too horrible to use”

#12 Bloomberg: “Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress fails to raise the debt ceiling as it now threatens to do, will be an economic calamity like none the world has ever seen.”

A U.S. debt default could be the trigger for the “nightmare scenario” that so many people have been writing about in recent years.  In fact, it could greatly accelerate the timetable for the inevitable economic collapse that is coming.  A recent Yahoo article described some of the things that we would likely see in the event of an extended U.S. debt default…

A default would upend money markets, destroy bond funds, slam the brakes on lending, cause interest rates to spiral, make our banks insolvent, and deal a blow to our foreign trading partners and creditors around the globe; all of which would throw the U.S. and the world into economic disarray.

And of course stocks would crash big time.  Deutsche Bank’s David Bianco believes that if the U.S. government starts missing interest payments on U.S. Treasury bonds, we could see the S&P 500 go down to 850 by the end of the year.

There would be almost immediate panic among ordinary Americans as well.  In fact, it is being reported that some banks are already stuffing their ATM machines will extra cash just in case…

With just 10 days left to raise the debt ceiling and congressional Republicans threatening to force the government to default on its obligations, banks are taking some dramatic steps to prepare for the economic chaos that would result should the brinkmanship continue.

The Financial Times reports that one major U.S. bank has started stuffing its automatic teller machines with extra cash in preparation for a possible bank run from panicked depositors. The New York Times reports that another bank is weighing a plan to advance funds to customers who rely on Social Security and other government payments that could stop in the event of a default.

Let’s hope that cooler heads will prevail and that a U.S. debt default will be avoided.

Unfortunately, it appears that the Democrats are absolutely determined not to be moved from their current position a single inch.  They have decided to refuse to negotiate and demand that the Republicans give them every single thing that they want.

And who can really blame them for adopting that strategy?  After all, it has certainly worked in the past.  Whenever Democrats have stood united and have refused to give a single inch, the Republicans have always freaked out and caved in eventually.

Will this time be any different?

The funny thing is that once upon a time, Barack Obama was adamantly against any increase in the debt limit.  The following comes courtesy of Zero Hedge

Obama Debt Ceiling

But now Obama says that it is so unreasonable to be opposed to a debt limit increase that any negotiations are out of the question.

So which Obama is right?

If the Democrats will not negotiate, a debt default could still be avoided if the Republicans give in.

And that is what they always do, right?

Perhaps not this time.  Just check out what John Boehner had to say on Sunday

“I, working with my members, decided to do this in a unified way,” the speaker said — with demands to defund, delay or otherwise alter the Affordable Care Act.

Boehner had expected that the Obamacare fight would come during the next vote to raise the debt ceiling, “but, you know, working with my members, they decided, let’s do it now,” he said. “And the fact is, this fight was going to come, one way or another. We’re in the fight. We don’t want to shut the government down. We’ve passed bills to pay the troops. We passed bills to make sure the federal employees know that they’re going to be paid throughout this.”

“You’ve never seen a more dedicated group of people who are thoroughly concerned about the future of our country,” he said of House Republicans. “It is time for us to stand and fight.”

But will the Republicans really stand and fight?

In the past, betting on the intestinal fortitude of the Republican Party has been a loser every single time.

So we’ll see.  Boehner insists that this time is different.  Boehner insists that he is not going to fold like a 20 dollar suit this time.  In fact, when he was asked if the U.S. government was headed toward a debt default if Obama continued to refuse to negotiate, Boehner made the following statement

“That’s the path we’re on.”

The mainstream media has certainly been placing most of the blame at the feet of the Republicans, but at least the U.S. House of Representatives has been trying to get an agreement reached.  The House has voted 26 times since the Senate last voted.  Harry Reid has essentially shut the Senate down until the Republicans fold and give the Democrats exactly what they want.

The funny thing is that this could probably be solved very easily.  If the Democrats agreed to a one year delay to the individual mandate, the Republicans would probably jump at it.  And because of epic technical failures, hardly anyone has been able to get signed up for Obamacare anyway.  So a one year delay would give the Obama administration time to get their act together.

Unfortunately, the Democrats seem absolutely obsessed with the idea that they will not give the Republicans one single inch.  They seem to believe that this will be to their political benefit.

But this is a very dangerous game that they are playing.  The U.S. government must roll over 441 billion dollars of short-term debt between October 18th and November 15th.

If a debt ceiling increase is not in place by that time, it will send interest rates soaring.  Borrowing costs for state and local governments, corporations, and ordinary Americans will go through the roof and economic activity will be hit really hard.

And as detailed above, we could potentially be looking at a financial crash that would make 2008 look like a Sunday picnic.

So let us hope for a political solution soon.  That will at least kick the can down the road for a little bit longer.

If a debt default were to happen before the end of this year, that would bring a tremendous amount of future economic pain into the here and now, and the consequences would likely be far greater than any of us could possibly imagine.

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Parent Arrested At Town Meeting for Questioning School Curriculum

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Maryland parent was physically removed from meeting and charged with second-degree assault on a police officer after questioning “common core” a new federal curriculum.

Oh my, don’t question the authoritarians! I mean after all,  the government owns your kids not you, at least that is what they said on MSNBC. Things are getting way out of control. This father, Robert Small, was calmly questioning this new federal curriculum and like the Nazi’s that this nation is becoming demanded that he sits down and shuts his mouth. He continued with his questions and a security guard comes up to the father and starts shoving him like a bouncer dealing with a drunk at the bar. Other parents were trying to stick up for the father as he is getting tossed out of the meeting.

The father Robert Small said: “I want to know how many parents here are aware that the goal of the Common Core standards isn’t to prepare kids for full-fledged universities, it’s to prepare them for community college…..Parents, take control. We’re sick of this. This is not a CNN political game. This is a public town hall… Listen, don’t stand for this. You’re sitting here like cattle. You have questions. Confront them. They don’t want to do it in public…. Parents, you need to question these people….Do the research, it’s online.”

This is from the Examiner:

According to my conversation with Liz Bowie, a reporter for the Baltimore Sun, Mr. Small was arrested after being removed from the auditorium.

The video clearly shows that, if anyone was aggressive, it was the security guard, not Mr. Small. What may have happened out in the hall however, is unknown.

In the second video clip (click here), you can hear multiple parents call out how their question was not read and they were ignored.

There will be one more out of four Common Core meetings hosted by county school boards in Maryland. This one is on October 1 in Prince George’s County. Click here for more info.