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Gary Edwards

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe - 0 views

theeconomiccollapseblog.com/...re-almost-too-crazy-to-believe

economic-collapse Obammunism Obamanomics

shared by Gary Edwards on 13 Jan 13 - No Cached
  • Gary Edwards on 13 Jan 13
     
    Thanks to Marbux we have this extraordinary collection of facts and figures describing the economic catastrophe that has hit the USA.  excerpt: "What a year 2012 has been!  The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just "tweaking" things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be "just fine", just show them these numbers.  They are a good summary of the problems that the U
Gary Edwards

FBI Source: Clinton Foundation Can Bring Down Entire Government » Alex Jones'... - 1 views

www.infowars.com/n-bring-down-entire-government

Hillary

shared by Gary Edwards on 08 Jul 16 - No Cached
  • Gary Edwards on 08 Jul 16
     
    "The Clinton Foundation is a "massive spider web of connections and money laundering implicating hundreds of high-level people," according to an anonymous insider who revealed why the FBI stopped short of indicting Hillary Clinton. Before FBI Director James Comey announced the FBI wouldn't recommend pressing charges against Clinton, an insider with "intimate knowledge of the inner workings of the Clinton case" hosted an little-publicized AMA session on 4Chan, and the statements he made on July 2 corroborate with later developments of the scandal. "There is enough for her and the entire government to be brought down," he revealed. "People do not realize how enormous this whole situation actually is." "Whether she will be [indicted] or not depends on how much info others involved gets out, and there are a lot of people involved." Since then, both the FBI and the DOJ declined to press charges against Clinton, and other sources revealed the Clinton Foundation is now under scrutiny. "The problem is with the Clinton Foundation as I mentioned, which you should just imagine as a massive spider web of connections and money laundering implicating hundreds of high-level people," the source said. "Though I do not have a high opinion of Hillary, she is just a piece - albeit a big piece - of this massive sh*tstorm." Those implicated extends to the Justice Dept. "The DOJ is most likely looking to save itself," he continued. "Find everyone involved in the Clinton Foundation, from its donors to its Board of Directors, and imagine they are all implicated." This would explain why Bill Clinton forced himself on Attorney General Loretta Lynch's plane at the Phoenix Sky Harbor International Airport last week; Clinton insider Larry Nichols said blackmail was likely involved. "Bill Clinton met with Lynch, and he was there to assure her that when Hillary gets to be president she'll be able to keep her job," said Nichols on the Alex Jones Sh
Gary Edwards

The Daily Bell - The Economist Hoists Its Battle Balloon? - 1 views

www.thedailybell.com/...mist-Hoists-Its-Battle-Balloon

economist-magazine Banksters World-Wars New-World-Order

shared by Gary Edwards on 19 Dec 13 - No Cached
  • Gary Edwards on 19 Dec 13
     
    "The first world war... Look back with angst ... Thanks to its military, economic and soft power, America is still indispensable, particularly in dealing with threats like climate change and terror, which cross borders. But unless America behaves as a leader and the guarantor of the world order, it will be inviting regional powers to test their strength by bullying neighbouring countries. The chances are that none of the world's present dangers will lead to anything that compares to the horrors of 1914. Madness, whether motivated by race, religion or tribe, usually gives ground to rational self-interest. But when it triumphs, it leads to carnage, so to assume that reason will prevail is to be culpably complacent. That is the lesson of a century ago. - Economist Magazine Dominant Social Theme: Beware the coming wars ... Free-Market Analysis: You can't make this stuff up. The top men in the globalist community have been hard at work building wars and potential wars, and now it's time to let 'er rip. This is one dominant social theme we saw coming miles away. We've been writing about its imminence for years, and predicting war and more war as internationalists try to blunt the effect of the Internet Reformation. After the Gutenberg press blew up the Middle Ages and the Roman Catholic Church besides, the globalists of the era used economic chaos, war and the invention of copyright to fight back. We predicted they would use the same tools this time around and have no reason to revise our predictions thus far. The only thing we've consistently pointed out that has not yet been addressed is the inability of the top men to launch a full-out world war because that would involve nuclear weapons. And lacking a full-out war, we have questioned how successful the strategy can be. Obviously, the top elites see something we don't. Or perhaps they are willing to risk an all-out war anyway - as they retreat into reported fully-stocked, underground "cities." Here's more fro
Paul Merrell

Data Pirates of the Caribbean: The NSA Is Recording Every Cell Phone Call in the Bahama... - 0 views

firstlook.org/...-every-cell-phone-call-bahamas

surveillance state NSA DEA cell-phone-dragnet-recording

shared by Paul Merrell on 20 May 14 - No Cached
  • The National Security Agency is secretly intercepting, recording, and archiving the audio of virtually every cell phone conversation on the island nation of the Bahamas. According to documents provided by NSA whistleblower Edward Snowden, the surveillance is part of a top-secret system – code-named SOMALGET – that was implemented without the knowledge or consent of the Bahamian government. Instead, the agency appears to have used access legally obtained in cooperation with the U.S. Drug Enforcement Administration to open a backdoor to the country’s cellular telephone network, enabling it to covertly record and store the “full-take audio” of every mobile call made to, from and within the Bahamas – and to replay those calls for up to a month. SOMALGET is part of a broader NSA program called MYSTIC, which The Intercept has learned is being used to secretly monitor the telecommunications systems of the Bahamas and several other countries, including Mexico, the Philippines, and Kenya. But while MYSTIC scrapes mobile networks for so-called “metadata” – information that reveals the time, source, and destination of calls – SOMALGET is a cutting-edge tool that enables the NSA to vacuum up and store the actual content of every conversation in an entire country.
  • All told, the NSA is using MYSTIC to gather personal data on mobile calls placed in countries with a combined population of more than 250 million people. And according to classified documents, the agency is seeking funding to export the sweeping surveillance capability elsewhere. The program raises profound questions about the nature and extent of American surveillance abroad. The U.S. intelligence community routinely justifies its massive spying efforts by citing the threats to national security posed by global terrorism and unpredictable rival nations like Russia and Iran. But the NSA documents indicate that SOMALGET has been deployed in the Bahamas to locate “international narcotics traffickers and special-interest alien smugglers” – traditional law-enforcement concerns, but a far cry from derailing terror plots or intercepting weapons of mass destruction.
  • By targeting the Bahamas’ entire mobile network, the NSA is intentionally collecting and retaining intelligence on millions of people who have not been accused of any crime or terrorist activity. Nearly five million Americans visit the country each year, and many prominent U.S. citizens keep homes there, including Sen. Tom Harkin (D-Iowa), Bill Gates, and Oprah Winfrey.
  • ...12 more annotations...
  • The Intercept has confirmed that as of 2013, the NSA was actively using MYSTIC to gather cell-phone metadata in five countries, and was intercepting voice data in two of them. Documents show that the NSA has been generating intelligence reports from MYSTIC surveillance in the Bahamas, Mexico, Kenya, the Philippines, and one other country, which The Intercept is not naming in response to specific, credible concerns that doing so could lead to increased violence. The more expansive full-take recording capability has been deployed in both the Bahamas and the unnamed country. MYSTIC was established in 2009 by the NSA’s Special Source Operations division, which works with corporate partners to conduct surveillance. Documents in the Snowden archive describe it as a “program for embedded collection systems overtly installed on target networks, predominantly for the collection and processing of wireless/mobile communications networks.”
  • If an entire nation’s cell-phone calls were a menu of TV shows, MYSTIC would be a cable programming guide showing which channels offer which shows, and when. SOMALGET would be the DVR that automatically records every show on every channel and stores them for a month. MYSTIC provides the access; SOMALGET provides the massive amounts of storage needed to archive all those calls so that analysts can listen to them at will after the fact. According to one NSA document, SOMALGET is “deployed against entire networks” in the Bahamas and the second country, and processes “over 100 million call events per day.”
  • When U.S. drug agents need to tap a phone of a suspected drug kingpin in another country, they call up their counterparts and ask them set up an intercept. To facilitate those taps, many nations – including the Bahamas – have hired contractors who install and maintain so-called lawful intercept equipment on their telecommunications. With SOMALGET, it appears that the NSA has used the access those contractors developed to secretly mine the country’s entire phone system for “signals intelligence” –recording every mobile call in the country. “Host countries,” the document notes, “are not aware of NSA’s SIGINT collection.” “Lawful intercept systems engineer communications vulnerabilities into networks, forcing the carriers to weaken,” says Christopher Soghoian, the principal technologist for the American Civil Liberties Union. “Host governments really should be thinking twice before they accept one of these Trojan horses.”
  • The DEA has long been in a unique position to help the NSA gain backdoor access to foreign phone networks. “DEA has close relationships with foreign government counterparts and vetted foreign partners,” the manager of the NSA’s drug-war efforts reported in a 2004 memo. Indeed, with more than 80 international offices, the DEA is one of the most widely deployed U.S. agencies around the globe. But what many foreign governments fail to realize is that U.S. drug agents don’t confine themselves to simply fighting narcotics traffickers. “DEA is actually one of the biggest spy operations there is,” says Finn Selander, a former DEA special agent who works with the drug-reform advocacy group Law Enforcement Against Prohibition. “Our mandate is not just drugs. We collect intelligence.” What’s more, Selander adds, the NSA has aided the DEA for years on surveillance operations. “On our reports, there’s drug information and then there’s non-drug information,” he says. “So countries let us in because they don’t view us, really, as a spy organization.”
  • When U.S. drug agents wiretap a country’s phone networks, they must comply with the host country’s laws and work alongside their law enforcement counterparts. “The way DEA works with our allies – it could be Bahamas or Jamaica or anywhere – the host country has to invite us,” says Margolis. “We come in and provide the support, but they do the intercept themselves.” The Bahamas’ Listening Devices Act requires all wiretaps to be authorized in writing either by the minister of national security or the police commissioner in consultation with the attorney general. The individuals to be targeted must be named. Under the nation’s Data Protection Act, personal data may only be “collected by means which are both lawful and fair in the circumstances of the case.” The office of the Bahamian data protection commissioner, which administers the act, said in a statement that it “was not aware of the matter you raise.” Countries like the Bahamas don’t install lawful intercepts on their own. With the adoption of international standards, a thriving market has emerged for private firms that are contracted by foreign governments to install and maintain lawful intercept equipment. Currently valued at more than $128 million, the global market for private interception services is expected to skyrocket to more than $970 million within the next four years, according to a 2013 report from the research firm Markets and Markets.
  • The proliferation of private contractors has apparently provided the NSA with direct access to foreign phone networks. According to the documents, MYSTIC draws its data from “collection systems” that were overtly installed on the telecommunications systems of targeted countries, apparently by corporate “partners” cooperating with the NSA. One NSA document spells out that “the overt purpose” given for accessing foreign telecommunications systems is “for legitimate commercial service for the Telco’s themselves.” But the same document adds: “Our covert mission is the provision of SIGINT,” or signals intelligence.
  • According to the NSA documents, MYSTIC targets calls and other data transmitted on  Global System for Mobile Communications networks – the primary framework used for cell phone calls worldwide. In the Philippines, MYSTIC collects “GSM, Short Message Service (SMS) and Call Detail Records” via access provided by a “DSD asset in a Philippine provider site.” (The DSD refers to the Defence Signals Directorate, an arm of Australian intelligence. The Australian consulate in New York declined to comment.) The operation in Kenya is “sponsored” by the CIA, according to the documents, and collects “GSM metadata with the potential for content at a later date.” The Mexican operation is likewise sponsored by the CIA. The documents don’t say how or under what pretenses the agency is gathering call data in those countries. In the Bahamas, the documents say, the NSA intercepts GSM data that is transmitted over what is known as the “A link”–or “A interface”–a core component of many mobile networks. The A link transfers data between two crucial parts of GSM networks – the base station subsystem, where phones in the field communicate with cell towers, and the network subsystem, which routes calls and text messages to the appropriate destination. “It’s where all of the telephone traffic goes,” says the former engineer.
  • “I seriously don’t think that would be your run-of-the-mill legal interception equipment,” says the former engineer, who worked with hardware and software that typically maxed out at 1,000 intercepts. The NSA, by contrast, is recording and storing tens of millions of calls – “mass surveillance,” he observes, that goes far beyond the standard practices for lawful interception recognized around the world. The Bahamas Telecommunications Company did not respond to repeated phone calls and emails.
  • If the U.S. government wanted to make a case for surveillance in the Bahamas, it could point to the country’s status as a leading haven for tax cheats, corporate shell games, and a wide array of black-market traffickers. The State Department considers the Bahamas both a “major drug-transit country” and a “major money laundering country” (a designation it shares with more than 60 other nations, including the U.S.). According to the International Monetary Fund, as of 2011 the Bahamas was home to 271 banks and trust companies with active licenses. At the time, the Bahamian banks held $595 billion in U.S. assets. But the NSA documents don’t reflect a concerted focus on the money launderers and powerful financial institutions – including numerous Western banks – that underpin the black market for narcotics in the Bahamas. Instead, an internal NSA presentation from 2013 recounts with pride how analysts used SOMALGET to locate an individual who “arranged Mexico-to-United States marijuana shipments” through the U.S. Postal Service.
  • The presentation doesn’t say whether the NSA shared the information with the DEA. But the drug agency’s Special Operations Divison has come under fire for improperly using classified information obtained by the NSA to launch criminal investigations – and then creating false narratives to mislead courts about how the investigations began. The tactic – known as parallel construction – was first reported by Reuters last year, and is now under investigation by the Justice Department’s inspector general. So: Beyond a desire to bust island pot dealers, why would the NSA choose to apply a powerful collection tool such as SOMALGET against the Bahamas, which poses virtually no threat to the United States? The answer may lie in a document that characterizes the Bahamas operation as a “test bed for system deployments, capabilities, and improvements” to SOMALGET. The country’s small population – fewer than 400,000 residents – provides a manageable sample to try out the surveillance system’s features. Since SOMALGET is also operational in one other country, the Bahamas may be used as a sort of guinea pig to beta-test improvements and alterations without impacting the system’s operations elsewhere. “From an engineering point of view it makes perfect sense,” says the former engineer. “Absolutely.”
  • SOMALGET operates under Executive Order 12333, a Reagan-era rule establishing wide latitude for the NSA and other intelligence agencies to spy on other countries, as long as the attorney general is convinced the efforts are aimed at gathering foreign intelligence. In 2000, the NSA assured Congress that all electronic surveillance performed under 12333 “must be conducted in a manner that minimizes the acquisition, retention, and dissemination of information about unconsenting U.S. persons.” In reality, many legal experts point out, the lack of judicial oversight or criminal penalties for violating the order render the guidelines meaningless. “I think it would be open, whether it was legal or not,” says German, the former FBI agent. “Because we don’t have all the facts about how they’re doing it. For a long time, the NSA has been interpreting their authority in the broadest possible way, even beyond what an objective observer would say was reasonable.” “An American citizen has Fourth Amendment rights wherever they are,” adds Kurt Opsahl, an attorney with the Electronic Frontier Foundation. “Nevertheless, there have certainly been a number of things published over the last year which suggest that there are broad, sweeping programs that the NSA and other government agencies are doing abroad that sweep up the communications of Americans.”
  • Legal or not, the NSA’s covert surveillance of an entire nation suggests that it will take more than the president’s tepid “limits” to rein in the ambitions of the intelligence community. “It’s almost like they have this mentality – if we can, we will,” says German. “There’s no analysis of the long-term risks of doing it, no analysis of whether it’s actually worth the effort, no analysis of whether we couldn’t take those resources and actually put them on real threats and do more good.” It’s not surprising, German adds, that the government’s covert program in the Bahamas didn’t remain covert. “The undermining of international law and international cooperation is such a long-term negative result of these programs that they had to know would eventually be exposed, whether through a leak, whether through a spy, whether through an accident,” he says. “Nothing stays secret forever. It really shows the arrogance of these agencies – they were just going to do what they were going to do, and they weren’t really going to consider any other important aspects of how our long-term security needs to be addressed.”
  • Paul Merrell on 20 May 14
     
    Words fail me.
Gary Edwards

The Impact of NSA Domestic Spying - Business Insider - 0 views

www.businessinsider.com/-of-nsa-domestic-spying-2013-6

NSA Domestic-Spying

shared by Gary Edwards on 06 Jun 13 - No Cached
  • NSA has collected cell records from all major mobile networks.
  • Thanks to AT&T whistleblower Mark Klein and NSA whistleblowers William Binney and Thomas Drake, we know that the NSA has been perpetually amassing not only phone records but virtually all electronic records and communications.
  • As an AT&T engineer, Klein discovered that a special NSA network actively "vacuumed up Internet and phone-call data from ordinary Americans with the cooperation of AT&T," emphasizing that "much of the data sent through AT&T to the NSA was purely domestic."
  • ...6 more annotations...
  • Binney — one of the best mathematicians and code breakers in NSA history — worked for the Defense Department's foreign signals intelligence agency for 32 years before resigning in late 2001 because he "could not stay after the NSA began purposefully violating the Constitution."
  • He's detailed how, ever since 9/11, the NSA has run a top-secret surveillance program that amasses electronic data — phone calls, emails, banking and travel records, social media, entire government databases — and analyzes the information "to be able to monitor what people are doing" and who they are doing it with.
  • Thanks to AT&T whistleblower Mark Klein and NSA whistleblowers William Binney and Thomas Drake, we know that the NSA has been perpetually amassing not only phone records but virtually all electronic records and communications.
  • Binney would know — he built the original software (i.e. ThinThread) that identified, in real time, networks of connections between individuals based on their electronic communications.
  • "I can pull your entire life together from all those domains and map it out and show your entire life over time," Binney told documentarian Laura Poitras while she was investigating the NSA's $2 billion data storage facility in Bluffdale, Utah. "This is something the KGB, the Stasi or the Gestapo would have loved to have had."
  • Binney — one of the best mathematicians and code breakers in NSA history — worked for the Defense Department's foreign signals intelligence agency for 32 years before resigning in late 2001 because he "could not stay after the NSA began purposefully violating the Constitution." He's detailed how, ever since 9/11, the NSA has run a top-secret surveillance program that amasses electronic data — phone calls, GPS information, emails, social media, banking and travel records, entire government databases — and analyzes the information "to be able to monitor what people are doing" and who they are doing it with.
  • Gary Edwards on 06 Jun 13
     
    Excellent coverage.  Follow the links, they are extraordinary. " Glenn Greenwald revealed that the National Security Agency (NSA) is using the so-called "business records" provision of the Patriot Act to secretly collect telephone records of millions of Americans. Although the revelation doesn't surprise privacy advocates, the fact that Greenwald obtained a top secret court order compelling Verizon to give the NSA information on all telephone calls in its systems is the first concrete piece of evidence exposing dragnet domestic surveillance. "
Gary Edwards

California NDAA Nullification Bill Passes Assembly Committee Unanimously - Tenth Amendm... - 1 views

blog.tenthamendmentcenter.com/...assembly-committee-unanimously

AB351 NDAA-Nullification tenth-amendment

shared by Gary Edwards on 01 May 13 - No Cached
  • Gary Edwards on 01 May 13
     
    Absolutely stunning news!!!!  Tea Party Patriots and liberal progressive democrats have combined their efforts and passed the single most significant NDAA nullification Act yet.  AB351 now heads for debate and vote of the general California Assembly. "Today, the California Public Safety Committee voted unanimously in favor of Assembly Bill 351 (AB351), the California Liberty Preservation Act. Introduced by Republican Assemblymember Tim Donnelly, AB351 is a strong stand against "indefinite detention" as supposedly authorized by the National Defense Authorization Act (NDAA) of 2012.  It declares such federal power to be unconstitutional and also requires the entire state to refuse to enforce or assist its implementation.  A broad coalition officially supported the legislation and moved the normally partisan, and strongly democratic committee to support the republican-introduced legislation. AB351 was supported by the ACLU, Tenth Amendment Center, San Francisco 99% coalition, San Francisco Board of Supervisors, the Libertarian Party of California - and many others. AB351 establishes the proper constitutional role by first citing the 10th Amendment as limiting the power of the federal government as to that which has been delegated to it and nothing more. The Tenth Amendment to the United States Constitution authorizes the United States federal government to exercise only those powers specifically delegated to it in the United States Constitution. It then declares the indefinite detention powers under NDAA to be unconstitutional: Sections 1021 and 1022 of the National Defense Authorization Act for Fiscal Year 2012 (NDAA) codifies indefinite military detention without charge or trial of civilians captured far from any battlefield, violating the United States Constitution and corroding our nation's commitment to the rule of law Most importantly, the bill requires the entire state apparatus, including all local governments, to refuse to implement the fede
Paul Merrell

The Fed caused 93% of the entire stock market's move since 2008: Analysis - Yahoo Finance - 0 views

finance.yahoo.com/...-2008--analysis-194426366.html

banksters Federal-Reserve-Bankster-Cartel stock-market-manipulation

shared by Paul Merrell on 17 Mar 16 - No Cached
  • The bull market just celebrated its seventh anniversary. But the gains in recent years – as well as its recent sputter – may be explained by just one thing: monetary policy. The factors behind that and previous bubbles can be illuminated using simple visual analysis of a chart. The S&P 500 (^GSPC) doubled in value from November 2008 to October 2014, coinciding with the Federal Reserve Bank’s “quantitative easing” asset purchasing program. After three rounds of “QE,” where the Fed poured billions of dollars into the bond market monthly, the Fed’s balance sheet went from $2.1 trillion to $4.5 trillion. This isn’t just a spurious correlation, according to economist Brian Barnier, principal at ValueBridge Advisors and founder of FedDashboard.com. What’s more, he says previous bull runs in the market lasting several years can also be explained by single factors each time.
  • Barnier first compiled data on the total value of publicly-traded U.S. stocks since 1950. He then divided it by another economic factor, graphing the ratio for each one. If the chart showed horizontal lines stretching over long periods of time, that meant both the numerator (stock values) and the denominator (the other factor) were moving at the same rate. “That's the beauty of the visual analysis,” he said. “All we have to do is find straight, stable lines and we know we've got something good.”
  • Scouring hundreds of different factors, Barnier ultimately whittled it down to just four factors: GDP data five years into the future, household and nonprofit liabilities, open market paper, and the Fed’s assets. At different stretches of time, just one of those was the single biggest driver of the market and was confirmed with regression analyses.
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  • He isolated each factor in a separate chart, calling them “eras” for the stock market. From after World War II until the mid-1970s, future GDP outlook explained 90% of the stock market’s move, according to statistical analysis by Barnier. GDP growth lost its sway on the market in the early 1970s with the rise of credit cards and consumer debt. Household liabilities grew with plastic first, followed by home mortgages, until the real estate crash of the early 1990s. Barnier’s analysis shows debt explained 95% of the entire market’s move during this time. The period between the mid- to late-1990s until 2000 was, of course, marked by the tech bubble. While stocks took much of the headline, that time also saw heightened activity in the commercial paper market. Startups and young companies sought cash beyond their stratospheric share values to fund their operations. Barnier’s regression analysis shows commercial paper increases could explain as much as 97% of the tech bubble. Shortly after the tech bubble burst, a housing bubble began, once more in the form of mortgages and other debt. That drove 94% of the market’s move for the first several years of the current century.
  • As the financial crisis reached a fevered pitch in 2008, the Federal Reserve took to flooding the financial market with dollars by buying up bonds. Simultaneously, interest rates fell dramatically, as bond yields move in the opposite direction of bond prices. Barnier sees the Fed as responsible for over 93% of the market from the start of QE until today. During the first half of 2013, the Fed caused the entire market’s growth, he said. Since the Fed stopped buying bonds in late 2014, the S&P 500 has been batted around in a 16% range and is more or less where it was when the QE came to a close. Investors need to anticipate the next driver, said Barnier. “Quantitative easing has stopped, but now we're into the interest rate world,” he said. “That means for any investor trying to figure out what to do, step one is starting with a macro strategy.”
Paul Merrell

Accord Reached With Iran to Halt Nuclear Program - NYTimes.com - 0 views

www.nytimes.com/...lear-deal-hang-in-balance.html

war & peace Iran Iranian nukes myth negotiations P25+1

shared by Paul Merrell on 24 Nov 13 - No Cached
  • GENEVA — The United States and five other world powers announced a landmark accord Sunday morning that would temporarily freeze Iran’s nuclear program and lay the foundation for a more sweeping agreement.
  • Paul Merrell on 24 Nov 13
     
    I'm reserving judgment on this deal until I can read it. I am deeply suspicious of the mainstream media coverage of the deal, which is driven entirely by the White House and by spokesmen of AIPAC-founded organizations known to represent the views of the right-wing pro-war Israeli government (although not identified as such). As reported in the NY Times, Washington Post, Al-Jazeera-America, and the Jerusalem Post, the deal so lopsidedly disfavors Iran -- along with other factors -- as to provoke the suspicion that I'm reading propaganda rather than accurate reporting. Certainly, the accounts make no effort at all to present the Iranian government's reaction. Not a single sentence. The Iranian Press so far has only a few paragraphs that read as though they might have been garnered from what has been published by western mainstream media, although I did see a statement attributed to an anonymous Iranian government official who said that the deal recognizes Iran's right to enrich uranium. Obviously there is not yet an official statement by the Iranian government.  The mystery at this point is why America's Israel-Firsters fought to scuttle this negotiation so hard but are suddenly bubbling with enthusiasm for the interim deal. My strong sniff is that Obama has secretly promised the Israeli government a carrot that they could not refuse. Keep in mind that this entire charade is not in reality about Iranian nuclear weapons plans that do not exist. It's been about whether the U.S. will buckle to Israeli and American Zionist pressure to commence a war against Iran. So did Obama just secretly agree to launch that war via a false flag excuse? Something else? What is that carrot? Something reeks here.
Paul Merrell

Senate goes for 'nuclear option' - Burgess Everett and Seung Min Kim - POLITICO.com - 0 views

www.politico.com/...eid-nuclear-option-100199.html

U.S. Senate rules filibuster appointments

shared by Paul Merrell on 22 Nov 13 - No Cached
  • The Senate approved a historic rules change on Thursday by eliminating the use of the filibuster on all presidential nominees except those to the U.S. Supreme Court.Invoking the long-threatened “nuclear option” means that most of President Barack Obama’s judicial and executive branch nominees no longer need to clear a 60-vote threshold to reach the Senate floor and get an up-or-down vote.
  • Senate Majority Leader Harry Reid (D-Nev.) used the nuclear option Thursday morning, meaning he called for a vote to change the Senate rules by a simple majority vote. It passed, 52 to 48. Three Democrats voted against changing the rules — Sen. Carl Levin of Michigan, Joe Manchin of West Virginia and Mark Pryor of Arkansas. “It’s time to change the Senate before this institution becomes obsolete,” Reid said in a lengthy floor speech on Thursday morning. A furious Senate Minority Leader Mitch McConnell (R-Ky.), who tried to recess the Senate for the day before the rules change could get a vote, said after the minority’s power was limited by Democrats: “I don’t think this is a time to be talking about reprisal. I think it’s a time to be sad about what has been done to the United States Senate.”
  • The debate over the filibuster — and specifically its use on D.C. Circuit nominees — has been raging for nearly a decade, stretching back to when George W. Bush was president and Democrats were in the minority. But changing the Senate rules has always been avoided through a piecemeal deal, a gentleman’s agreement or a specific solution, not a historic change to the very fabric of the Senate.
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  • But since Obama’s nomination, the “nuclear option” has reared its head three times in less than a year — each time getting closer to the edge. Many in the Senate privately expected that this go-round would be yet another example of saber rattling, but Reid said pressure was increasing within his own party to change the rules. The blockade of three consecutive nominees to a powerful appellate court was too much for Democrats to handle — and Reid felt compelled to pull the trigger, explaining that “this is the way it has to be.”
  • Senate Democrats were quick to use their newfound powers, voting in the early afternoon to end the filibuster on Patricia Millett’s nomination to the D.C. Circuit Court of Appeals. The vote was 55-43, with two senators voting present. Before the change earlier Thursday, Millett would have needed 60 votes to clear the procedural hurdle and move on to a confirmation vote. But now, she needed just 51 to advance.
  • Paul Merrell on 22 Nov 13
     
    The Senate's filibuster rule, particularly since abandonment of the requirement that the filibustering Senator must keep talking so long as the filibuster continues, has seemed more and more an anachronism to me as I age. Its use to indefinitely block an up or down vote on a legislative measure -- in essence granting each Senator veto power over proposed measures seems fundamentally at odds with democratic principles to me. Certainly during my lifetime, the filibuster rule has been abused by both major parties, transforming a mere rule of procedure into an individual veto power nowhere set forth in the Constitution, in effect requiring a 60 per cent super-majority to pass a controversial measure. The Constitution is not silent on the subject of super-majorities in the Senate, specifying a super-majority to override a presidential veto and to remove a federal official from office by impeachment. Therefore, one might argue that the Founders knew how to write a super-majority requirement but did not see fit to require a supermajority to close debate and bring a measure to a vote. In other words, I favor abolishing the filibuster rule entirely and making "the nuclear option" standard procedure except where the Constitution establishes a super-majority requirement. To me it is not important that this limitation of the filibuster rule occurred when the Democrats had the majority in the Senate; whenever it were to happen, some party would be in the minority. And I do not believe that the People of this nation will be disadvantaged by up or down votes on Senate measures.  Now can we please get rid of the filibuster rule entirely?
Paul Merrell

Leaving the USS Liberty Crew Behind | Consortiumnews - 0 views

consortiumnews.com/...ng-the-uss-liberty-crew-behind

war & peace Israel 6-Day-War USS-Liberty

shared by Paul Merrell on 10 Jun 14 - No Cached
  • By Ray McGovern On June 8, 1967, Israeli leaders learned they could deliberately attack a U.S. Navy ship and try to send it, together with its entire crew, to the bottom of the Mediterranean – with impunity. Israeli aircraft and torpedo boats attacked the USS Liberty, a state-of-the-art intelligence collection platform sailing in international waters off the Sinai, killing 34 of the 294 crew members and wounding more than 170. On the 47th anniversary of that unprovoked attack let’s be clear about what happened: Israeli messages intercepted on June 8, 1967, leave no doubt that sinking the USS Liberty was the mission assigned to the attacking Israeli warplanes and torpedo boats as the Six-Day War raged in the Middle East. Let me repeat: there is no doubt – none – that the mission of the Israeli Defense Forces (IDF) was to destroy the USS Liberty and kill its entire crew.
  • Here, for example, is the text of an intercepted Israeli conversation, just one of many pieces of hard, unambiguous evidence that the Israeli attack was not a mistake: Israeli pilot to ground control: “This is an American ship. Do you still want us to attack?” Ground control: “Yes, follow orders.” … Israeli pilot: “But, sir, it’s an American ship – I can see the flag!” Ground control: “Never mind; hit it!”
  • Halbardier skated across the Liberty’s slippery deck while it was being strafed in order to connect a communications cable and enable the Liberty to send out an SOS. The Israelis intercepted that message and, out of fear of how the U.S. Sixth Fleet would respond, immediately broke off the attack, returned to their bases, and sent an “oops” message to Washington confessing to their unfortunate “mistake.” As things turned out, the Israelis didn’t need to be so concerned. When President Johnson learned that the USS America and USS Saratoga had launched warplanes to do battle with the forces attacking the Liberty, he told Defense Secretary Robert McNamara to call Sixth Fleet commander Rear Admiral Lawrence Geiss and tell him to order the warplanes to return immediately to their carriers. According to J.Q. “Tony” Hart, a chief petty officer who monitored these conversations from a U.S. Navy communications relay station in Morocco, Geiss shot back that one of his ships was under attack. Tellingly, McNamara responded: “President Johnson is not going to go to war or embarrass an American ally over a few sailors.”
  • ...3 more annotations...
  • John Crewdson, a Pulitzer Prize-winning journalist for the Chicago Tribune, asked McNamara about this many years later. McNamara’s answer is worth reading carefully; he said he had “absolutely no recollection of what I did that day,” except that “I have a memory that I didn’t know at the time what was going on.” Crewsdon has written the most detailed and accurate account of the Israeli attack on the Liberty; it appeared in the Chicago Tribune, and also in the Baltimore Sun, on Oct. 2, 2007. Read it and you’ll understand why Crewdson got no Pulitzer for his investigative reporting on the Liberty. Instead, the Tribune laid him off in November 2008 after 24 years.
  • The mainstream U.S. media has avoided the USS Liberty case like the plague. I just checked the Washington Post and – surprise, surprise – it has missed the opportunity for the 46th consecutive year, to mention the Liberty anniversary. On the few occasions when the mainstream U.S. media outlets are forced to address what happened, they blithely ignore the incredibly rich array of hard evidence and still put out the false narrative of the “mistaken” Israeli attack on the Liberty. And they attempt to conflate fact with speculation, asking why Israel would deliberately attack a ship of the U.S. Navy. Why Tel Aviv wanted the Liberty and its entire crew on the bottom of the Mediterranean remains a matter of speculation, but there are plausible theories including Israel’s determination to keep the details of its war plans secret from everyone, including the U.S. government. But there is no doubt that destroying the Liberty and its crew was the mission assigned to Israel’s warplanes and torpedo boats. One Navy Admiral with a conscience, former Chairman of the Joint Chiefs of Staff (and before that Chief of Naval Operations) Thomas Moorer, has “broken ranks,” so to speak. Moorer helped lead an independent, blue-ribbon commission to investigate what happened to the Liberty.
  • The following are among the commission’s findings made public in October 2003: -That the attack, by a U.S. ally, was a “deliberate attempt to destroy an American ship and kill its entire crew” -That the attack included the machine-gunning of stretcher-bearers and life rafts -That “the White House deliberately prevented the U.S. Navy from coming to the defense of the [ship] … never before in naval history has a rescue mission been cancelled when an American ship was under attack” -That surviving crew members were later threatened with “court-martial, imprisonment, or worse” if they talked to anyone about what had happened to them; and were “abandoned by their own government.”
  • Paul Merrell on 10 Jun 14
     
    Former CIA senior analyst Ray McGovern on the shameful cover-up of Israel's deliberate attack on the USS Liberty in international waters during the 1967 Six Day War in which Israel -- which initiated the surprise war of aggression -- seized Palestine, the Egyptian Sinai, and portions of Jordan. Although not discussed in this article, the generally accepted motive among those who accept that the Israeli attack on the LIberty was deliberate was to blind the U.S. military to Israel's actions during the war. The Liberty was a U.S. Navy electronic intelligence gathering platform.
Gary Edwards

Unbridled Obama Socialism: Obama's Address to Congress Outlines His Plan to Expand Gove... - 0 views

online.wsj.com/...SB123553912675568201.html

obam-socialism obamanomics financial-crisis banksters

shared by Gary Edwards on 25 Feb 09 - Cached
  • Gary Edwards on 25 Feb 09
     
    Far from suggesting limits on Congress or federal spending, the new President made clear in his first State of the Union address that he believes in government power as the answer to our current difficulties, and he intends to use it. ...... The political divide is over means, not ends, and on that score Mr. Obama is slowly revealing himself as a President who meant what he said going back to the primaries. He believes in the power of the state to drive prosperity, to reform the financial system and health care, and even to transform the entire energy economy. Mr. Obama said at one point that he didn't believe in government for its own sake, but his policy emphasis showed otherwise. ............. The political divide is over means, not ends, and on that score Mr. Obama is slowly revealing himself as a President who meant what he said going back to the primaries. He believes in the power of the state to drive prosperity, to reform the financial system and health care, and even to transform the entire energy economy. Mr. Obama said at one point that he didn't believe in government for its own sake, but his policy emphasis showed otherwise.
Paul Merrell

One Click Politics - 0 views

oneclickpolitics.com/...movetoamend

shared by Paul Merrell on 03 Jun 14 - No Cached
  • Senate Joint Resolution 19 is a proposed Constitutional Amendment to overturn Citizens United, but it doesn’t address corporate constitutional rights at all. Please send a message to the authors of SJR19 -- let them know that Corporate Personhood MUST be included in the language of the amendment... What You Can Do: Help movetoamend accomplish these goals by contributing your power of voice. Take action now by sending a message to Congress telling them why these issues are important to you.
  • Formed in September 2009, Move to Amend is a coalition of hundreds of organizations and hundreds of thousands of individuals committed to social and economic justice, ending corporate rule, and building a vibrant democracy that is genuinely accountable to the people, not corporate interests.
  • Senate Joint Resolution 19 is a proposed Constitutional Amendment to overturn Citizens United, but it doesn’t address corporate constitutional rights at all. Please send a message to the authors of SJR19 -- let them know that Corporate Personhood MUST be included in the language of the amendment... What You Can Do: Help movetoamend accomplish these goals by contributing your power of voice. Take action now by sending a message to Congress telling them why these issues are important to you.
  • Paul Merrell on 03 Jun 14
     
    I have never forwarded action alerts to others by email. The typical action alert winds up sharing your email address with at least one other organization. The next thing you know you're getting donor solicitations from both the Republican and Democratic party central national coordinating committees. It's not just that I'm a political independent; it's an ongoing task to unsubscribe from unwanted mailing lists. Today I got an action alert from Move to Amend, only the second I have received from the organization. This group does not share your email address with anyone. If you choose to participate in this action alert, which is nearing 1 million messages sent, there is a send button near the bottom of the page to participate. That takes you to a page where you can read the message that will be sent. Move to Amend is a non-partisan organization that has been working toward a constitutional amendment for around 4 years that would clear the way for Congress to regulate campaign contributions, in light of Supreme Court decisions declaring that corporations have a First Amendment right to make campaign contributions in any amount they desire. But their amendment would also abolish constitutional rights for all fictional legal "persons" other than human beings and government at the local, state, and national levels. Move to Amend has been going about the process the right way and to date has scored supporting resolutions in 16 state legislatures and hundreds of community governments. That's enough to get oligarchs worried. So there's a bill gathering steam in the U.S. Senate, SJR 19, that's a watered-down version. It grants Congress and the states power to regulate campaign contributions, but it does not speak to the problem of granting human constitutional rights to entities that have existence only in the eyes of the law. The Senate bill is here: http://goo.gl/Nkvfkg Our nation's Founders unmistakably did not contemplate that corporations would have constitution
Paul Merrell

ICREACH: How the NSA Built Its Own Secret Google -The Intercept - 0 views

firstlook.org/...ecret-google-crisscross-proton

surveillance state NSA ICREACH mustread

shared by Paul Merrell on 26 Aug 14 - No Cached
  • The National Security Agency is secretly providing data to nearly two dozen U.S. government agencies with a “Google-like” search engine built to share more than 850 billion records about phone calls, emails, cellphone locations, and internet chats, according to classified documents obtained by The Intercept. The documents provide the first definitive evidence that the NSA has for years made massive amounts of surveillance data directly accessible to domestic law enforcement agencies. Planning documents for ICREACH, as the search engine is called, cite the Federal Bureau of Investigation and the Drug Enforcement Administration as key participants. ICREACH contains information on the private communications of foreigners and, it appears, millions of records on American citizens who have not been accused of any wrongdoing. Details about its existence are contained in the archive of materials provided to The Intercept by NSA whistleblower Edward Snowden. Earlier revelations sourced to the Snowden documents have exposed a multitude of NSA programs for collecting large volumes of communications. The NSA has acknowledged that it shares some of its collected data with domestic agencies like the FBI, but details about the method and scope of its sharing have remained shrouded in secrecy.
  • ICREACH has been accessible to more than 1,000 analysts at 23 U.S. government agencies that perform intelligence work, according to a 2010 memo. A planning document from 2007 lists the DEA, FBI, Central Intelligence Agency, and the Defense Intelligence Agency as core members. Information shared through ICREACH can be used to track people’s movements, map out their networks of associates, help predict future actions, and potentially reveal religious affiliations or political beliefs. The creation of ICREACH represented a landmark moment in the history of classified U.S. government surveillance, according to the NSA documents.
  • Documents published with this article: CIA Colleagues Enthusiastically Welcome NSA Training Sharing Communications Metadata Across the U.S. Intelligence Community CRISSCROSS/PROTON Point Paper Decision Memorandum for the DNI on ICREACH Metadata Sharing Memorandum Sharing SIGINT metadata on ICREACH Metadata Policy Conference ICREACH Wholesale Sharing Black Budget Extracts
  • Paul Merrell on 26 Aug 14
     
     The most important Snowden disclosure yet. It's a long, detailed article, but it's a must read. I couldn't highlight any more without highlighting the entire article. Read the whole thing soon or you're going to be late for the mob with pitchforks.  This is beyond outrageous. The integrity of our entire system of government is now at issue. 
Gary Edwards

Possible Constitutional Amendments in the event of an Article V Convention of States - ... - 0 views

teapartyorg.ning.com/...show

Oren-LOng Tea-Party-Patriots Constitutional-Amendments Article-V-Convention

shared by Gary Edwards on 16 Jan 15 - No Cached
  • NUMBER ONE: "Section One:   The Constitution of the United States shall be read and interpreted literally.   No words or phrases shall be changed or substituted and no part of the Constitution shall be used to expand or increase Federal Power or Authority beyond that EXPRESSLY granted and enumerated in the Constitution.   The language of the Constitution shall be interpreted according to the definition of words at the time of their inclusion in the Constitution. Section Two:    Congress shall have, by two thirds vote of both the House of Representatives and the Senate, the power to override individual rulings of the Supreme Court of the United States and/or subordinate Federal Courts.   The President shall not have veto authority over Congressional overrides of Federal Court decisions."
  • NUMBER TWO: "Section One:    No person shall be elected to Congress more than once unless serving in Congress at the time of the ratification of this amendment, in which case members of Congress shall be eligible for re-election to their respective seats one time. Section Two:     In the event the Seventeenth Amendment to the Constitution of the United States is repealed members of the Senate of the United States shall serve at the pleasure and discretion of the Legislature of their respective State. Section Three:  Neither Congress, the President, nor any Federal Court shall make any law, rule, regulation, or order that does not apply equally to themselves and all citizens of the United States.   Nor shall Congress, the President, or any Federal Court cause or allow any law, rule, regulation, or order to be made by any agent or agency of the Federal Government that does not apply equally to themselves and all citizens of the United States.
  • Section Four:    Neither Congress nor the President shall receive any publically-funded retirement or benefit beyond appropriate pay not available to all citizens of the United States. Section Five:    Section Four shall not apply to members of Congress or Presidents, serving or retired, at the time of the ratification of this amendment. Section Six:      The President shall be subject to popular recall by his/her constituency.   Within 90 days of the ratification of this amendment Congress shall pass legislation governing the recall of the President.   In the event Congress fails to pass the required legislation within the required 90 days, the President shall be considered to have been recalled and a new election held within 60 days. Section Seven: Members of Congress shall be subject to popular recall by their respective constituencies, unless the Seventeenth Amendment to the Constitution of the United States is repealed, in which case only members of the House of Representatives shall be subject to popular recall.   Within 90 days of the ratification of this amendment each State shall pass legislation governing the recall of its Congressional Delegation.   In the event a State fails to pass the required legislation within the required 90 days, that State's Congressional Delegation shall be considered to have been recalled and new elections held within 60 days."
  • ...6 more annotations...
  • NUMBER THREE: "Congress shall make and the President shall sign a Balanced Federal Budget every year and before the beginning of the ensuing fiscal year.   In the event Congress and the President fail to make said Balanced Federal Budget before the beginning of the ensuing fiscal year, the last Constitutionally passed and signed Federal Budget shall go into effect and shall be the Federal Budget for the entirety of the ensuing fiscal year.   Balanced shall be defined as expenditures not to exceed revenues except in time of war as declared by Congress.   Revenues shall be defined as monies received; not monies predicted, anticipated, or forecasted.   Unfunded liabilities, obligations, and/or mandates shall be included in the calculation of the Balanced Federal Budget."
  • NUMBER FOUR: "The Fourteenth, Sixteenth, and Seventeenth Amendments to the Constitution of the United States are hereby repealed.   All Federal agencies, programs, laws, rules, regulations, and/or orders created, passed, or handed down as a direct or indirect result of the Fourteenth, Sixteenth, and/or Seventeenth Amendments are hereby stricken from Law, declared null and void, and have no force of effect."
  • NUMBER FIVE: "Section One:     Only persons born of two parents, both of whom are citizens of the United States at the time of the birth of the person, shall be citizens of the United States unless naturalized under the terms and conditions of the Constitution of the United States. Section Two:      Only United States Citizens shall enjoy or receive all rights, benefits, and privileges of United States Citizenship. Section Three:   Non-citizens shall not receive, directly or indirectly, Federal or Constitutional benefits, privileges, or protections."
  • NUMBER SIX:   "The several States are hereby empowered, individually or collectively, to enforce the Constitution of the United States and Federal Law, within their respective borders, regardless of Federal resistance or objections."
  • NUMBER SEVEN:   "Section One:   The Second Amendment to the Constitution of the United States shall be interpreted to mean the FUNDAMENTAL right of individual citizens and/or groups of citizens to keep and bear arms; in their homes and/or other properties, in public and private, and on their persons. Section Two:    Non-citizens and persons convicted of a violent felony by a jury of their peers do not have this right."
  • NUMBER EIGHT: "The First Amendment to the Constitution of the United States shall not be interpreted to prohibit or restrict the peaceful, free exercise or expression of religion, in public or private, or in or on public property."
  • Gary Edwards on 16 Jan 15
     
    "Possible Constitutional Amendments in the event of an Article V Convention of States Posted by Oren Long on January 12, 2015 at 3:42am in Tea PartyView Discussions ARTICLE V CONVENTION OF STATES; ARE YOU WILLING TO CHANGE THE STATUS QUO IN D.C.?   One of our astute and true conservative members of this site has drafted suggested changes to the Constitution to be proposed in an Article V, Convention of States. I know many of you have seen his postings on here about this issue. Mr. Oren Long is very knowledgeable and well educated and has honorably served our country. He has put a tremendous amount of time and thought into ways to, in his words, "armor and reinforce" the Constitution and return it to its Original Intent, as envisioned by the Founders. Therefore, because I agree with every one of his suggested changes, I am publishing it for him, with his permission. I truly hope that we, as a group, as conservatives and as a people who believe that our country is heading toward disaster, because of the course we are on, I fully endorse his recommended suggestions. I believe that we must take any and every course of action we can to "stop the madness" It is quite long, so PLEASE take the time to read each and every one of them. I am sure that some or many, may have suggestions to this document and they are welcome and open to discussion. If you agree with this, please call your State elected officials and urge them to get on board with an Article V Convention of States. To review or obtain more information of this process, please visit one of these sites:    http://www.conventionofstates.com/           http://www.cosaction.com/              To Whom It May Concern, The following is neither sanctioned by nor proposed by the Article V Convention of States Project.   Rather, it is entirely my work as a volunteer for the Convention of States Project.   To give you an overview of the kinds of amendments that may or may not be consid
Paul Merrell

"It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hed... - 0 views

www.zerohedge.com/...dons-eurchf-floor-macro-hedge-

economic-collapse Switzerland negative-interest-rate FX bill-and-bond-yields-negative banksters

shared by Paul Merrell on 16 Jan 15 - No Cached
  • Over two decades ago, George Soros took on the Bank of England, and won. Just before lunch local time, the Swiss National Bank took on virtually every single macro hedge fund, the vast majority of which were short the Swiss Franc and crushed them, when it announced, first, that it would go further into NIRP, pushing its interest rate on deposit balances even more negative from -0.25% to -0.75%, a move which in itself would have been unprecedented and, second, announcing that the 1.20 EURCHF floor it had instituted in September 2011, the day gold hit its all time nominal high, was no more. What happened next was truly shock and awe as algo after algo saw their EURCHF 1.1999 stops hit, and moments thereafter the EURCHF pair crashed to less then 0.75, margining out virtually every single long EURCHF position, before finally rebounding to a level just above 1.00, which is where it was trading just before the SNB instituted the currency floor over three years ago.
  • The SNB press release:
  • The resultant move across all currency pairs has seen the EUR and USD sliding, the USDJPY crashing, and US futures tumbling even as European stocks plunged only to kneejerk higher as markets are in clear turmoil and nobody knows just what is going on right now. In other asset classes, Treasury yields, understandably plunged across the entire world, and the entire Swiss bond curve left of the 10 Year is now negative, with the On The Run itself threatening to go negative soon as can be seen on the table below: All Swiss government bill and bond yields out to 7 years are negative: pic.twitter.com/b4YCVSDFu7 — Jamie McGeever (@ReutersJamie) January 15, 2015 Crude and other commodities, except gold, are also tumbling, as are most risk assets over concerns what today's epic margin call will mean when the closing bell arrives. An immediate, and amusing, soundbite came from the CEO of Swatch Nick Hayek who said that "words fail me" at the SNB action: "Today's SNB action is a tsunami for the export industry and for tourism, and finally for the entire country." More from Reuters:
  • ...3 more annotations...
  • Swatch Group UHR.VX Chief Executive Nick Hayek called the Swiss National Bank's decision to discontinue the minimum exchange rate on the Swiss franc a "tsunami" for the Alpine country and its economy.   "Words fail me! Jordan is not only the name of the SNB president, but also of a river… and today's SNB action is a tsunami; for the export industry and for tourism, and finally for the entire country," Hayek said in an emailed statement on Thursday.   Swiss watchmakers, which are also grappling with weak demand in Asia, are very exposed to moves in the Swiss franc exchange rate because their production costs are largely in Swiss francs, but most of their sales are done abroad.   Shares in Swatch Group fell 15 percent at 1056 GMT, while Richemont CFR.VX was down 14 percent, underperforming a 9 percent drop in the Swiss market index .SSMI following the SNB's announcement.    "Absolutely shocking ... For companies with international operations – translated earnings are going to be lower and if companies make products in Switzerland it is going to hurt margin. It is a terrible day for corporate Switzerland," Kepler Cheuvreux analyst Jon Cox said
  • Indeed, in retrospect, it does seem foolhardy that the SNB, whose balance sheet ballooned to record proportions just to defends it currency for over three years would give up so easily. The one silver lining, so to say, is that gold prices in CHF just crashed by some 13%. Some more soundbites from strategists, none of whom foresaw this stunning move:
  • However, the best soundbites today will surely come from US hedge funds which are just waking up to the biggest FX shocker in years, and of course, any retail investors who may have been long the EURCHF, and who are not only facing epic margin calls, but are unable to cover their positions, as one after another retail FX brokerage has commenced "Rubling" the Swissy and the CHF pair is suddenly not available for trading for retail accounts. To say that today will be interesting, is an understatement.
Paul Merrell

Goldberg Sees Crisis in US-Israel Ties, Blames Bibi « LobeLog - 0 views

www.lobelog.com/-in-us-israel-ties-blames-bibi

U.S.-foreign-policy Mideast Israel-divorce

shared by Paul Merrell on 30 Oct 14 - No Cached
  • While everyone ritually insists that the bonds between Israel and the United States are “unbreakable,” yesterday’s analysis by Jeffrey Goldberg, “The Crisis in U.S.-Israel Relations Is Officially Here,” argues that they’re currently under unprecedented strain and that the fault lies mainly with Prime Minister Bibi Netanyahu. The analysis argues further that, post-November, the Obama administration may no longer be inclined to protect Israel (at least to the same pathetic extent) at the UN Security Council and may even be willing to go a step further by presenting “a public full lay-down of the administration’s vision for a two-state solution, including maps delineating Israel’s borders. These borders, to Netanyahu’s horror, would based on 1967 lines, with significant West Bank settlement blocs attached to Israel in exchange for swapped land elsewhere. Such a lay-down would make explicit to Israel what the U.S. expects of it.” I’m not a big fan of Goldberg, but this analysis is definitely worth a read if for no other reason than his voice is a very important one in the US Jewish community, including among the right-wing leadership of its major national organizations. And he essentially gives over most of the article—in a way that suggests he shares their views—to anonymous administration officials who have clearly grown entirely contemptuous of the Israeli leader, calling him, among other names, “chickenshit.” Goldberg himself describes the Netanyahu government’s policy toward Palestinians as being “disconnected from reality” and stresses what he calls the “unease felt by mainstream American Jewish leaders about recent Israeli government behavior.” It seems that his chief envoy and confidante here, Ron Dermer, is not doing a good job.
  • Of particular interest to readers of this blog, however, are Goldberg’s observations about how the administration views Bibi’s bluster about Iran: The official said the Obama administration no longer believes that Netanyahu would launch a preemptive strike on Iran’s nuclear facilities in order to keep the regime in Tehran from building an atomic arsenal. “It’s too late for him to do anything. Two, three years ago, this was a possibility. But ultimately he couldn’t bring himself to pull the trigger. It was a combination of our pressure and his own unwillingness to do anything dramatic. Now it’s too late.” This assessment represents a momentous shift in the way the Obama administration sees Netanyahu. In 2010, and again in 2012, administration officials were convinced that Netanyahu and his then-defense minister, the cowboyish ex-commando Ehud Barak, were readying a strike on Iran. To be sure, the Obama administration used the threat of an Israeli strike in a calculated way to convince its allies (and some of its adversaries) to line up behind what turned out to be an effective sanctions regime. But the fear inside the White House of a preemptive attack (or preventative attack, to put it more accurately) was real and palpable—as was the fear of dissenters inside Netanyahu’s Cabinet, and at Israel Defense Forces headquarters. At U.S. Central Command headquarters in Tampa, analysts kept careful track of weather patterns and of the waxing and waning moon over Iran, trying to predict the exact night of the coming Israeli attack.
  • Today, there are few such fears. “The feeling now is that Bibi’s bluffing,” this second official said. “He’s not Begin at Osirak,” the official added, referring to the successful 1981 Israeli Air Force raid ordered by the ex-prime minister on Iraq’s nuclear reactor. The belief that Netanyahu’s threat to strike is now an empty one has given U.S. officials room to breathe in their ongoing negotiations with Iran. This is a significant passage. It suggests that the administration has decided to essentially ignore Netanyahu and his threats to take unilateral action, including when they are conveyed by members of Congress close to the Israel lobby. It also suggests strongly that the administration will not back up Israel if it should indeed undertake a strike of its own in hopes that Washington would be dragged into to finishing the job.
  • ...3 more annotations...
  • Goldberg’s analysis about the state of the relationship is, in some ways, mirrored by Bret Stephens’s weekly “Global View” column in Tuesday’s Wall Street Journal, “Bibi and Barack on the Rocks,” although he, entirely predictably given his pro-settler worldview, sees Bibi as the wronged party. And, unlike Goldberg, he doesn’t see the US as the more powerful. Noting how Defense Minister Moshe Yaalon was snubbed by senior administration officials with whom he requested to meet, Stephens, a former editor of the Jerusalem Post, writes: The administration also seems to have forgotten that two can play the game. Two days after the Yaalon snub, the Israeli government announced the construction of 1,000 new housing units in so-called East Jerusalem, including 600 new units in the Ramat Shlomo neighborhood that was the subject of a 2010 row with Joe Biden. Happy now, Mr. Vice President? Stephens calls for a “trial separation” by the two countries in which Israel will give up its $3 billion dollar/year US aid package to free itself from US interference
  • The administration likes to make much of the $3 billion a year it provides Israel (or, at least, U.S. defense contractors) in military aid, but that’s now less than 1% of Israeli GDP. Like some boorish husband of yore fond of boasting that he brings home the bacon, the administration thinks it’s the senior partner in the marriage. Except this wife can now pay her own bills. And she never ate bacon to begin with. It’s time for some time away. Israel needs to look after its own immediate interests without the incessant interventions of an overbearing partner. The administration needs to learn that it had better act like a friend if it wants to keep a friend. It isn’t as if it has many friends left. This is precisely where Goldberg believes current Israeli policy is leading it.
  • Netanyahu, and the even more hawkish ministers around him, seem to have decided that their short-term political futures rest on a platform that can be boiled down to this formula: “The whole world is against us. Only we can protect Israel from what’s coming.” …But for Israel’s future as an ally of the United States, this formula is a disaster.”
  • Paul Merrell on 30 Oct 14
     
    If Goldberg and Stephens have it right, a U.S./Israel divorce might just spell the end of the appartheid state of Israel. It is only the U.S. veto on the U.N. Security Council that has enabled Israel to continue to treat Palestinians with impunity and to retain control of and colonize the territory it seized in the 1967 war that it launched. (The right to acquire territory by conquest was abolished by the U.N. Charter and the Fourth Geneva Convention in the late 1940s.)  Israel is now a pariah state internationally, with only the U.S., Canada, and a few minor island nations dependent on the U.S. still voting for Israel even in the U.N. General Council. Moreover, the U.S. public is fed up with the foreign wars the U.S. has been waging in the Mideast in aid of Israel's empirical goal of destabilizing and Balkanizing Israel's Arab neighbors. A U.S./Israel divorce would almost certainly bring down Netanyahu's government. On the other hand, the Obama Administration's relationship with Israel has been a departure from the historical norm in the U.S. and Obama's likely successor, Hillary Clinton, has long been much more friendly with the Israel Lobby than Obama.  Many close observers believe that Netanyahu's strategy with Obama has been to wait until Obama is out of office, betting that his successor will be much more amenable to Bibi's desires. But with Bernie Sanders hat in the ring for Auction 2016 and possibly Elizabeth Warren as well, it's conceivable that issues they raise might push Hillary to adopt a less Israel-friendly stance. But on yet another hand, Obama's stance on ISIL is entirely consistent with Israel's longstanding goal of regime change in Syria and Balkanization of Iraq into three nations along ethnic/religious lines, an independent  Kurdistan in the north, a Shia-stan in the South, and a Sunni state in the middle. Note in this regard Obama's strategy of arming "moderate" Syrians only to defend territory ISIL has not yet seized, then to bring down t
Paul Merrell

Land Destroyer: Entire "Occupy Central" Protest Scripted in Washington - 0 views

landdestroyer.blogspot.com/...-central-protest-scripted.html

war & peace Hong-Kong U.S.-foreign-policy destabilization-activities

shared by Paul Merrell on 22 Oct 14 - No Cached
  • The slogans, leaders, and agenda of the "Occupy Central" movement are supposedly the manifestations of Hong Kong's desire for "total democracy," "universal suffrage," and "freedom." In reality, the leaders of "Occupy Central" are verified to be directly backed, funded, and directed by the US State Department, its National Endowment for Democracy (NED), and its subsidiary, the National Democratic Institute (NDI). Despite admitting this overwhelming evidence, many "Occupy Central" supporters still insist the protests are genuine and now some propose that the "Occupy Central" leadership does not truly represent the people of Hong Kong. While the leadership of "Occupy Central" indeed in no way represent the people of Hong Kong, the fact still remains that the protest itself was prearranged at least as early as April 2014, revealed by "Occupy Central" co-organizers Martin Lee and Anson Chan before NED in Washington DC.
  • The talk titled, "Why Democracy in Hong Kong Matters," spanned an hour, with NED regional vice president Louisa Greve leading the duo through a full introduction of the "Occupy Central" movement, its characters, agenda, demands, and talking points. Anson Chan - Hong Kong’s Chief Secretary under British rule - in particular, with her perfect British accent, insisted repeatedly that the issue was China's apparent backtracking on "deals" made with the UK over the handover of Hong Kong in the late 1990's. Lee, as well as members of the audience, repeatedly stated that Hong Kong's role was to "infect" mainland China with its Western-style institutions, laws, and interests. Lee also repeatedly appealed to Washington specifically to ensure they remained committed to defending American interests in Hong Kong. Both Lee and Chan would also state that since China appears to be concerned over global perception of how it rules its people, this could be exploited to excise from Beijing concessions over Hong Kong's governance. This included mention of previous protests, including those led by "activist" Joshua Wong and his suspicious "Scholarism" organization that has been tracked since at least 2012 by the US State Department's NDI. And of course, future destabilization was submitted as a viable solution to bending Beijing toward Western concessions.
  • For those able to listen to the entire 1 hour interview as well as questions and answers, the entire "Occupy Central" narrative is laid bare, verbatim, in Washington DC months before demonstrations began in the streets of Hong Kong. For a supposed "pro-democracy" protest seeking self-governance and self-determination and denouncing "interference" from Beijing, that their leaders are funded by foreign interests, and the plans for "Occupy Central" laid in a foreign capital is ironic at best - utter and very intentional deceit at worst. Democracy indeed assumes self-governance and self determination. If the US State Department is colluding with, funding, and directing the politicians and protest leaders behind "Occupy Central," the people of Hong Kong are governing and determining nothing - Washington and Wall Street are. Martin Lee and collaborator Anson Chan complain about Beijing dictating policy in Hong Kong, while they sit together in a room full of foreign interests who would dictate Hong Kong's governance instead.  Laid bare is "Occupy Central's" true agenda. It is not about having Hong Kong vote for who they desire to see in power, it is about getting the foreign-backed political cabal behind "Occupy Central" into power, and disarming Beijing of any means to prevent what is for all intents and purposes the "soft" recolonization of Hong Kong, and a further attempt to divide and destabilize China as a whole.
Gary Edwards

Silicon Valley represents an entirely new political category | Gregory Ferenstein | Lin... - 0 views

www.linkedin.com/...w-political-gregory-ferenstein

Silicon-Valley

shared by Gary Edwards on 12 Nov 15 - No Cached
  • Gary Edwards on 12 Nov 15
     
    "Silicon Valley represents an entirely new political category" Over the last decade, Silicon Valley has become an extraordinary force in politics, but they've bewildered the DC establishment with their bizarre loyalties. Tech titans are the arch nemesis of labor unions on a series of fronts, from high-skilled immigration and the taxi industry to free trade and their aggressive funding of union-less public charter schools. And, yet, tech CEOs are arguably the Democrats' biggest cheerleaders: in the 2012 presidential election, 83% of employee donations from top tech firms went to Obama. "Most of Silicon Valley, most of the executives, tend to be Democrats," PayPal co-Founder, Peter Thiel, told me." Very interesting article based on interviews and surveys of Silicon Valley technology leaders.
Paul Merrell

NSA surveillance may be legal - but it's unconstitutional - The Washington Post - 0 views

www.washingtonpost.com/...2-a73e-826d299ff459_print.html

surveillance state NSA constitutional law law

shared by Paul Merrell on 22 Jun 13 - No Cached
  • Laura K. Donohue is a professor at Georgetown University Law Center and director of Georgetown’s Center on National Security and the Law. The National Security Agency’s recently revealed surveillance programs undermine the purpose of the Foreign Intelligence Surveillance Act, which was established to prevent this kind of overreach. They violate the Fourth Amendment’s guarantee against unreasonable search and seizure. And they underscore the dangers of growing executive power.
  • Another program, PRISM, disclosed by the Guardian and The Washington Post, allows the NSA and the FBI to obtain online data including e-mails, photographs, documents and connection logs. The information that can be assembledabout any one person — much less organizations, social networks and entire communities — is staggering: What we do, think and believe.The government defends the programs’ legality, saying they comply with FISA and its amendments. It may be right, but only because FISA has ceased to provide a meaningful constraint.Under the traditional FISA, if the government wants to conduct electronic surveillance, it must make a classified application to a special court, identitying or describing the target. It must demonstrate probable cause that the target is a foreign power or an agent thereof, and that the facilities to be monitored will be used by the target.In 2008, Congress added section 702 to the statute, allowing the government to use electronic surveillance to collect foreign intelligence on non-U.S. persons it reasonably believes are abroad, without a court order for each target. A U.S. citizen may not intentionally be targeted.To the extent that the FISC sanctioned PRISM, it may be consistent with the law. But it is disingenuous to suggest that millions of Americans’ e-mails, photographs and documents are “incidental” to an investigation targeting foreigners overseas.
  • Another program, PRISM, disclosed by the Guardian and The Washington Post, allows the NSA and the FBI to obtain online data including e-mails, photographs, documents and connection logs. The information that can be assembledabout any one person — much less organizations, social networks and entire communities — is staggering: What we do, think and believe.The government defends the programs’ legality, saying they comply with FISA and its amendments. It may be right, but only because FISA has ceased to provide a meaningful constraint.
  • ...3 more annotations...
  • Under the traditional FISA, if the government wants to conduct electronic surveillance, it must make a classified application to a special court, identitying or describing the target. It must demonstrate probable cause that the target is a foreign power or an agent thereof, and that the facilities to be monitored will be used by the target.In 2008, Congress added section 702 to the statute, allowing the government to use electronic surveillance to collect foreign intelligence on non-U.S. persons it reasonably believes are abroad, without a court order for each target. A U.S. citizen may not intentionally be targeted.To the extent that the FISC sanctioned PRISM, it may be consistent with the law. But it is disingenuous to suggest that millions of Americans’ e-mails, photographs and documents are “incidental” to an investigation targeting foreigners overseas.The telephony metadata program raises similar concerns. FISA did not originally envision the government accessing records. Following the 1995 Oklahoma City bombing, Congress allowed applications for obtaining records from certain kinds of businesses. In 2001, lawmakers further expanded FISA to give the government access to any business or personal records. Under section 215 of the Patriot Act, the government no longer has to prove that the target is a foreign power. It need only state that the records are sought as part of an investigation to protect against terrorism or clandestine intelligence.
  • The telephony metadata program raises similar concerns. FISA did not originally envision the government accessing records. Following the 1995 Oklahoma City bombing, Congress allowed applications for obtaining records from certain kinds of businesses. In 2001, lawmakers further expanded FISA to give the government access to any business or personal records. Under section 215 of the Patriot Act, the government no longer has to prove that the target is a foreign power. It need only state that the records are sought as part of an investigation to protect against terrorism or clandestine intelligence.This means that FISA can now be used to gather records concerning individuals who are neither the target of any investigation nor an agent of a foreign power. Entire databases — such as telephony metadata — can be obtained, as long as an authorized investigation exists.Congress didn’t pass Section 215 to allow for the wholesale collection of information. As Rep. F. James Sensenbrenner Jr. (R-Wis.), who helped draft the statute, wrote in the Guardian: “Congress intended to allow the intelligence communities to access targeted information for specific investigations. How can every call that every American makes or receives be relevant to a specific investigation?”As a constitutional matter, the Supreme Court has long held that, where an individual has a reasonable expectation of privacy, search and seizure may occur only once the government has obtained a warrant, supported by probable cause and issued by a judge. The warrant must specify the places to be searched and items to be seized.
  • There are exceptions to the warrant requirement. In 1979 the court held that the use of a pen register to record numbers dialed from someone’s home was not a search. The court suggested that people who disclose their communications to others assume the risk that law enforcement may obtain the information.More than three decades later, digitization and the explosion of social-network technology have changed the calculus. In the ordinary course of life, third parties obtain massive amounts of information about us that, when analyzed, have much deeper implications for our privacy than before.As for Section 702 of FISA, the Supreme Court has held that the Fourth Amendment does not protect foreigners from searches conducted abroad. But it has never recognized a foreign intelligence exception to the warrant requirement when foreign-targeted searches result in the collection of vast stores of citizens’ communications.Americans reasonably expect that their movements, communications and decisions will not be recorded and analyzed by the government. A majority of the Supreme Court seems to agree. Last year, the court considered a case involving 28-day GPS surveillance. Justice Samuel Alito suggested that in most criminal investigations, long-term monitoring “impinges on expectations of privacy.” Justice Sonia Sotomayor recognized that following a person’s movements “reflects a wealth of detail about her familial, political, professional, religious, and sexual associations.”The FISC is supposed to operate as a check. But it is a secret court, notorious for its low rate of denial. From 1979 to 2002, it did not reject a single application. Over the past five years, out of nearly 8,600 applications, only two have been denied.
Paul Merrell

Baltimore Police Have Been Secretly Spying On Entire City From The Air - 0 views

www.mintpressnews.com/...219806

surveillance state eye-in-the-sky Baltimore

shared by Paul Merrell on 26 Aug 16 - No Cached
  • Baltimore Police didn’t bother to inform the public (or anyone, for that matter) when they implemented a privately-funded mass surveillance program in January using a wide-angle camera-equipped plane flying above the city — which instantly uploaded and stored everything it recorded, just in case they needed it later. As Bloomberg’s Monte Reel reports, a small Cessna plane equipped with “a sophisticated array of cameras” capable of capturing “an area of roughly 30 square miles,” funded by an a private donor and provided by Dayton, Ohio-based Persistent Surveillance Systems, sometimes circled above the city for up to 10 hours per day recording and storing everything without anyone being privy to its presence. Since January, Reel noted, the Baltimore Police Department has been using this covert Big Brother’s eye-in-the-sky “to investigate all sorts of crimes, from property thefts to shootings.” Gone, apparently, are the days when the government’s surveillance state drew ire for attempting to ferret out potential terrorists — residents of Baltimore have been guinea pigs for an altogether more insidious spy dragnet. Persistent Surveillance Systems’ technology automatically stores all the footage on massive hard drives, making it available to law enforcement long afterward — but the idea police could access this information to solve a simple property crime is no less than alarming.
  • Particularly considering the company’s founder has an intense military background. Ross McNutt, Bloomberg reports, “is an Air Force Academy graduate, physicist, and MIT-trained astronautical engineer who in 2004 founded the Air Force’s Center for Rapid Product Development. The Pentagon asked him if he could develop something to figure out who was planting the roadside bombs that were killing and maiming American soldiers in Iraq. In 2006 he gave the military Angel Fire, a wide-area, live-feed surveillance system that could cast an unblinking eye on an entire city.” Though the technology had imperfections — even determining the gender of a person on the ground was impossible — its TiVo-like capabilities more than made up for any shortcomings. A person of interest could be followed by rewinding footage after, say, an IED exploded roadside, to track their movements — even if the cameras weren’t focused directly on the explosion at the moment it occurred. If the cameras were in the air at the time, anything that happened was fully trackable both back and forward in time. McNutt’s pitch for his technology concisely summarized, “Imagine Google Earth with TiVo capability.” Angel Fire truly evolved at the Los Alamos National Laboratory in New Mexico after 2007, when upgrades allowed for “all-weather and nighttime capabilities and then was used as the basis for another system, called Blue Devil, which coupled wide-area cameras with narrow-focus zoom lenses in the same package.”
  • Over time, after McNutt retired from the military, he worked to further improve the camera array and attended security conferences in hopes of garnering clients. After a brief but effective test run over the skies of Ciudad Juárez, Los Angeles became the first U.S. city to employ Persistent Surveillance’ system — and just as covertly as what has been taking place in Baltimore for the last eight months.
  • ...1 more annotation...
  • McNutt believes in the legitimacy of the services Persistent Surveillance can provide, and insists the technology isn’t as invasive as it might sound since individual identifying details, among other aspects, aren’t discernible, and because the every keystroke and action taken by analysts — like video footage — are logged and archived.
  • Paul Merrell on 26 Aug 16
     
    Just imagine what it will be like when the bugs in the focal system are gone, which undoubtedly is a goal. Couple it with facial recognition and what do we have?
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