From Financial Oracle
Washington, DC - Hidden deep in Senator Christopher Dodd's 630-page Senate housing legislation is a sweeping provision that affects the privacy and operation of nearly all of America 's small businesses. The provision, which was added by the bill's managers without debate this week, would require the nation's payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government.
FreedomWorks Chairman Dick Armey commented: "This is a provision with astonishing reach, and it was slipped into the bill just this week. Not only does it affect nearly every credit card transaction in America , such as Visa, MasterCard, Discover, and American Express, but the bill specifically targets payment systems like eBay's PayPal, Amazon, and Google Checkout that are used by many small online businesses. The privacy implications for America 's small businesses are breathtaking."
What is Senator Dodd up to? The concept of this bill is to create a repository of all financial transactions. For whom? Let's hope this legislation doesn't pass.
From Unknown News
The greatest screwjob ever
by Herb Ruhs, MD, Unknown News June 15, 2008
It happens in publicly traded corporations all the time, Enron being the most notorious example -- management goes rogue, cooks the books, and makes off with a fortune before anyone gets wise leading to bankruptcy, investor losses and job losses.
That is exactly what happened to USA Inc. Our treasury has been looted, taken to offshore banks with secret accounts, and we have been left with a mind-numbing debt that our great, great grandchildren will still be paying off.
That's the unnerving, crazymaking thing. In spite of the fact that we know the Bush/Cheney gang is looting the country to the last dime on the last credit card and rapidly going after every dollar of our money, which should be being spent on pressing needs like education, health and caring for our growing crowd of wounded vets, we can't get anything done about it! read
The greatest screwjob ever
by Herb Ruhs, MD, Unknown News June 15, 2008
It happens in publicly traded corporations all the time, Enron being the most notorious example -- management goes rogue, cooks the books, and makes off with a fortune before anyone gets wise leading to bankruptcy, investor losses and job losses.
That is exactly what happened to USA Inc. Our treasury has been looted, taken to offshore banks with secret accounts, and we have been left with a mind-numbing debt that our great, great grandchildren will still be paying off.
That's the unnerving, crazymaking thing. In spite of the fact that we know the Bush/Cheney gang is looting the country to the last dime on the last credit card and rapidly going after every dollar of our money, which should be being spent on pressing needs like education, health and caring for our growing crowd of wounded vets, we can't get anything done about it! read
Subscribe to:
Posts (Atom)