But the state can create its own money. After all, banks do this every day. Certified, card-carrying bankers are allowed to do something nobody else can do: they can create “credit” with accounting entries on their books.
“Banks actually create money when they lend it. Here’s how it works: Most of a bank’s loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank . . . holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times.”
If you thought Bush was only using the born-again shtick to rally his base, you might be wrong. It’s possible that George W. Bush not only truly believed the most horseshit aspects of fundamental Christianism, but according to Clive Hamilton on Counterpunch, he used them as the basis for the invasion of Iraq.
One of the detainees whom a newly released Pentagon report says returned to the battlefield after he was released from the Guantanamo Bay prison camp told McClatchy that he was a local security leader in Afghanistan when he was arrested and became a radical Islamist only during his detention.
The concern focuses on strict new ethics criteria that the National Institutes of Health has proposed. Advocates of stem cell research say that most of the work currently underway passed close ethical scrutiny but that the procedures varied and usually did not match the details specified in the proposed new guidelines.
U.S. military lawyers asked Afghanistan's highest court Monday to demand the release of a Guantanamo prisoner they say was only about 12 years old - not 18, as the military maintains - when he was sent to the detention center in Cuba.
TVN: Comment: The 1993 Word Trade Center bombing was also an F.B.I. sting where the F.B.I. even supplied the explosives! This is not theory, it is official history! 
The Bagram prison — where about 600 people, mostly Afghans, are being held indefinitely and without charges — is a delicate issue for the Obama administration at a time when it is struggling to come up with a plan for detainees in the prison at Guantánamo Bay, Cuba, which it intends to close.
