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Gary Edwards

Buffet, Berkshire and Gold - 0 views

feedproxy.google.com/...CQYmiHbDDkE

Sir-Charles Priced-in-Gold Buffett-phony

shared by Gary Edwards on 02 Mar 12 - No Cached
  • Gary Edwards on 02 Mar 12
     
    More great charts from Sir Charles. This is funny. Sir Charles takes on that consumate crony corporatatist, Warren Buffet. He examines the recent Berkshire Hathaway report, and then does the unthinkable. Sir Charles prices BRK in GOLD, tracking from 1990 to 2011. Then he prices Apple in Gold for the same period. The result is Buffet embarrassing reverse image, with Apple soaring when priced in GOLD, and BRK rolling off a cliff. No wonder Buffet is out there on a daily basis, burning every shred of cred he's accumulated. If anyone takes a truthful look at the reality of BRK performance, he's toast. Does that "just keep talking" stuff actually work?
Joe La Fleur

Disgraceful: Obama adds socialist Buffett rule to Reagan's White House bio pa... - 1 views

www.therightscoop.com/o-reagans-white-house-bio-page

obama adds socialist buffett rule reagan white house bio page

shared by Joe La Fleur on 16 May 12 - No Cached
  • Paul Merrell on 16 May 12
     
    Reagan's exact words in pushing his "tax fairness" plan in that speech: "Just a few moments ago, I told some people inside the building here of a letter that I just received the day before yesterday. It's a letter from a man out here in the country, an executive who's earning in six figures -- well above $100,000 a year. He wrote me in support of the tax plan because he said, 'I am legally able to take advantage of the present tax code -- nothing dishonest, doing what the law prescribes -- and wind up paying a smaller salary than my secretary gets -- or I mean, paying a smaller -- I'm sorry, *paying a smaller tax than my secretary pays.'* And he wrote me the letter to tell me he'd like to come to Washington and testify before Congress as to how that's possible for him to do and why it is wrong. So, this is the kind of spirit that is going on throughout the country." http://www.reagan.utexas.edu/archives/speeches/1985/62885b.htm Read the whole speech. Reagan was pushing the Buffet rule long before Buffet did. What's said on Reagan's bio page is accurate. And Reagan signed the Tax Equity and Fiscal Responsibility Act of 1982, the largest peacetime tax increase in U.S. history. Reagan was no saint, just another big-spending politician willing to bend with the political winds. He did far more talking about supply-side economics than he did even attempting to implement the concept. Just more politician hot air. I'm going to vote for Ron Paul even if I have to write in his name on the ballot. I don't truck with the anti-Obama propaganda. That's just playing into Romney's hands. But Romney is just the flip side of the same coin Obama's on, two corporatist- bankster sycophants eager to run this nation into the ground to keep waging expensive foreign wars for the military-industrial types. Trading Obama for Romney leaves us neither better nor worse off. Two peas in the same pod. Better to send a message than to become a co-conspirator by voting for either Obama or Rom
Paul Merrell

Conflict Erupts in Public Rebuke on C.I.A. Inquiry - NYTimes.com - 0 views

www.nytimes.com/...-used-by-senate-committee.html

surveillance state CIA Feinstein Senate-Intelligence-Committee

shared by Paul Merrell on 12 Mar 14 - No Cached
  • A festering conflict between the Central Intelligence Agency and its congressional overseers broke into the open Tuesday when Senator Dianne Feinstein, chairwoman of the Intelligence Committee and one of the C.I.A.’s staunchest defenders, delivered an extraordinary denunciation of the agency, accusing it of withholding information about its treatment of prisoners and trying to intimidate committee staff members investigating the detention program.Describing what she called a “defining moment” for the oversight of American spy agencies, Ms. Feinstein said the C.I.A. had removed documents from computers used by Senate Intelligence Committee staff members working on a report about the agency’s detention program, searched the computers after the committee completed its report and referred a criminal case to the Justice Department in an attempt to thwart their investigation.
  • Ms. Feinstein’s disclosures came a week after it was first reported that the C.I.A. last year had monitored computers used by her staff in an effort to learn how the committee may have gained access to the agency’s own internal review of the detention and interrogation program that became perhaps the most criticized part of the American government’s response to the Sept. 11, 2001, attacks. Ms. Feinstein said the internal review bolstered the conclusions of the committee’s still-classified report on the program, which President Obama officially ended in January 2009 after sharply criticizing it during the 2008 presidential campaign. For an intelligence community already buffeted by controversies over electronic surveillance and armed drone strikes, the rupture with Ms. Feinstein, one of its closest congressional allies, could have broad ramifications.
  • “Feinstein has always pushed the agency in private and defended it in public,” said Amy B. Zegart, who studies intelligence issues at Stanford University. “Now she is skewering the C.I.A. in public. This is a whole new world for the C.I.A.”Ms. Feinstein, who had refused to comment on the dispute between the C.I.A. and her committee, took the Senate floor on Tuesday morning to say the agency’s actions had breached constitutional provisions for the separation of powers and “were a potential effort to intimidate.” “How this will be resolved will show whether the Intelligence Committee can be effective in monitoring and investigating our nation’s intelligence activities, or whether our work can be thwarted by those we oversee,” she said.
  • ...4 more annotations...
  • The dispute came to a head in mid-January when Mr. Brennan told members of the committee that the agency had carried out a search of computers used by committee investigators at a C.I.A. facility in Northern Virginia, where the committee was examining documents the agency had made available for its report. Ms. Feinstein said on Tuesday that during the meeting, Mr. Brennan told her that the C.I.A. had searched a “walled-off committee network drive containing the committee’s own internal work product and communications” and that he was going to “order further forensic evidence of the committee network to learn more about activities of the committee’s oversight staff.”
  • The C.I.A. had carried out the search to determine whether committee investigators may have gained unauthorized access to the internal review of the detention program that the agency had carried out without informing the committee. Ms. Feinstein on Tuesday vigorously disputed this allegation, saying the document had been included — intentionally or not — as part of a dump of millions of pages the C.I.A. had provided for the Intelligence Committee.
  • Mr. Brennan, in a January letter to Ms. Feinstein that a government official who did not want to be identified released on Tuesday, said the committee had not been entitled to the internal review because it contained “sensitive, deliberative, pre-decisional C.I.A. material”— and therefore was protected under executive privilege considerations. The letter, attached to a statement that Mr. Brennan issued to the agency’s employees on Tuesday, raised questions about Ms. Feinstein’s statements earlier in the day concerning at what point the committee came into possession of the internal review. The C.I.A.’s acting general counsel has referred the matter to the Justice Department as a possible criminal offense, a move Ms. Feinstein called a strong-arm tactic by someone with a conflict of interest in the case. She said that that official had previously been a lawyer in the C.I.A.’s Counterterrorism Center — the section of the spy agency that was running the detention and interrogation program — and that his name is mentioned more than 1,600 times in the committee’s report. Ms. Feinstein did not name the lawyer, but she appeared to be referring to Robert Eatinger, the C.I.A.’s senior deputy general counsel. In 2007, The New York Times reported that when a top C.I.A. official in 2005 destroyed videotapes of brutal interrogations of Al Qaeda detainees, Mr. Eatinger had been one of two lawyers to approve their destruction.
  • Ms. Feinstein said that on two occasions in 2010, the C.I.A. had removed documents totaling hundreds of pages from the computer server used by her staff at the Northern Virginia facility. She did not provide any details about the documents, but said that when committee investigators confronted the C.I.A. they received a number of answers — first a denial that the documents had been removed, then an explanation that they had been removed by contractors working at the facility, then an explanation that the removal of documents was ordered by the White House. When the committee approached the White House, she said, it denied giving such an order.Ms. Feinstein’s broadside rallied Senate Democrats, but divided Republicans.
  • Paul Merrell on 12 Mar 14
     
    The separation of powers Constitutional issue here is plain. The Senate has oversight of the CIA; the CIA has no lawful oversight of the Senate and furthermore is forbidden by law from conducting surveillance within the U.S. But the CIA spied on the Senate, then used evidence it found to file a criminal complaint with the DoJ against Senate staffers. Tit for tat, a criminal complaint has been filed against the CIA staffers.   
Paul Merrell

Tomgram: Nick Turse, A Secret War in 135 Countries | TomDispatch - 0 views

www.tomdispatch.com/..._a_secret_war_in_135_countries

war & peace U.S.-foreign-policy Special-Forces stats

shared by Paul Merrell on 24 Sep 15 - No Cached
  • You can find them in dusty, sunbaked badlands, moist tropical forests, and the salty spray of third-world littorals. Standing in judgement, buffeted by the rotor wash of a helicopter or sweltering beneath the relentless desert sun, they instruct, yell, and cajole as skinnier men playact under their watchful eyes. In many places, more than their particular brand of camouflage, better boots, and designer gear sets them apart. Their days are scented by stale sweat and gunpowder; their nights are spent in rustic locales or third-world bars. These men -- and they are mostly men -- belong to an exclusive military fraternity that traces its heritage back to the birth of the nation. Typically, they’ve spent the better part of a decade as more conventional soldiers, sailors, marines, or airmen before making the cut. They’ve probably been deployed overseas four to 10 times. The officers are generally approaching their mid-thirties; the enlisted men, their late twenties. They’ve had more schooling than most in the military. They’re likely to be married with a couple of kids. And day after day, they carry out shadowy missions over much of the planet: sometimes covert raids, more often hush-hush training exercises from Chad to Uganda, Bahrain to Saudi Arabia, Albania to Romania, Bangladesh to Sri Lanka, Belize to Uruguay. They belong to the Special Operations forces (SOF), America’s most elite troops -- Army Green Berets and Navy SEALs, among others -- and odds are, if you throw a dart at a world map or stop a spinning globe with your index finger and don’t hit water, they’ve been there sometime in 2015.
  • This year, U.S. Special Operations forces have already deployed to 135 nations, according to Ken McGraw, a spokesman for Special Operations Command (SOCOM).  That’s roughly 70% of the countries on the planet.  Every day, in fact, America’s most elite troops are carrying out missions in 80 to 90 nations, practicing night raids or sometimes conducting them for real, engaging in sniper training or sometimes actually gunning down enemies from afar. As part of a global engagement strategy of endless hush-hush operations conducted on every continent but Antarctica, they have now eclipsed the number and range of special ops missions undertaken at the height of the conflicts in Iraq and Afghanistan.   In the waning days of the Bush administration, Special Operations forces (SOF) were reportedly deployed in only about 60 nations around the world.  By 2010, according to the Washington Post, that number had swelled to 75.  Three years later, it had jumped to 134 nations, “slipping” to 133 last year, before reaching a new record of 135 this summer.  This 80% increase over the last five years is indicative of SOCOM’s exponential expansion which first shifted into high gear following the 9/11 attacks.
  • Special Operations Command’s funding, for example, has more than tripled from about $3 billion in 2001 to nearly $10 billion in 2014 “constant dollars,” according to the Government Accountability Office (GAO).  And this doesn’t include funding from the various service branches, which SOCOM estimates at around another $8 billion annually, or other undisclosed sums that the GAO was unable to track.  The average number of Special Operations forces deployed overseas has nearly tripled during these same years, while SOCOM more than doubled its personnel from about 33,000 in 2001 to nearly 70,000 now.
Paul Merrell

The Firesale Begins: Greece Is Selling off Its Assets | The Daily Sheeple - 0 views

www.thedailysheeple.com/es-to-sell-greek-assets_072015

banksters Greece austerity islands Buffet

shared by Paul Merrell on 22 Jul 15 - No Cached
  • It’s never been more obvious that Greece has been sold out to the banks. Like many countries before, their nation has been scheduled to endure poverty and chaos, followed by a firesale of their assets. The latest evidence of their nation’s capture by the banks, is the selling of their numerous islands to wealthy buyers. American business magnate, one of the world’s most successful investors, Warren Buffett has reportedly bought the Greek island of Agios Thomas for 15 mln euro, according to the website of the Greek newspaper Proto Thema and became yet another celebrity with his own piece of Greece.
  • If confirmed, this is yet another purchase of a Greek island by a foreign celebrity. Earlier this week Hollywood star Johnny Depp purchased an uninhabited Greek island of Stroggilo for 4.2 mln euro. Of course, the value of these islands is hardly enough to pay down their massive debt, and that’s kind of the point. When the banks own your country, they’re not interested in liberating you from your financial slavery. Before you ever get around to repaying those debts, or defaulting, they’ll use austerity to bring your country to the brink of chaos, and buy up everything for pennies on the dollar, and make a handsome profit as the country recovers on their terms. Prime Minister Tsipras has sold out to these financial interests; and the firesale of all Greek assets, not just their paltry islands, is well on its way.
  • This is how the sovereignty and prosperity of a nation is sucked away by the financial elites of the world. But Greece isn’t the only bank owned nation. The USI (United States Incorporated) has been thoroughly captured by the banking class, and once its usefulness as a war-fighting machine is finished; austerity, riots, and firesales won’t be far behind.
Paul Merrell

Buffett's Berkshire To Reap $37 Billion Benefit From Trump Tax Cuts | Zero Hedge - 0 views

www.zerohedge.com/...billion-benefit-trump-tax-cuts

banksters tax-cut Buffet Berkshire

shared by Paul Merrell on 09 Jan 18 - No Cached
  • For the most glaring example of Trump tax cuts benefiting the rich, look no further than Warren Buffett. According to an analysis by Barclays analyst Jay Gelb, Buffett's Berkshire will be among the greatest beneficiaries of US corporate tax reform. The bank calculates that Berkshire Hathaway’s 4Q book value could see a huge boost of as much as $37 billion (12% increase from 3Q 17 level) resulting from the US corporate tax reform due to a decline in its deferred tax liability (DTL). The one-time increase will result from Berkshire lowering its tax liability on appreciated investments.
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