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Gary Edwards

The Daily Bell - What TARP Boss Neil Barofsky Told Me Yesterday Should Shock You - 1 views

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    " The Daily Bell Newswire Editorial FRIDAY, MAY 17, 2013 What TARP Boss Neil Barofsky Told Me Yesterday Should Shock You By Bill Bonner 8 Bill Bonner The financial news is getting boring. The Dow goes only one way - up. But gold fell below $1,400 per ounce yesterday. Rather than trying to figure it out, yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program. You remember TARP? It was the feds' $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned out... Meanwhile, in yesterday's International Herald Tribune was a small note: "Economists agree that spending cuts and tax increases have slowed the US recovery." Readers will recognize this as the usual claptrap. Government spending does not bring a genuine "recovery." C'mon... how many times do we have to explain? You take $5 worth of resources and give them to an armed 19-year-old in Afghanistan. He shoots a round or two into a mountainside... poof... the $5 is gone. Or you have an ATF official. He's idling his motor as he stakes out a house believed to be used by a cigarette smuggler. In a few minutes, or even seconds, the $5 has vanished. Or give the money to a disabled person; he buys a MoonPie and a Coke. Economists may record the spending as part of GDP... But how are you better off? You're $5 poorer, not $5 richer. But GDP growth is something economists feel they can control. So they go to work on it like a sex maniac strangling a prostitute. Nothing good comes of it. But at least they get results. And here comes Paul Krugman with more garroting wire! The New York Times Magazine: Keynesian economics rests fundamentally on the proposition that macroeconomics isn't a morality play - that depressions are essentially a technical malfunction. As the Great Depression deepened, Keynes famously declared
Paul Merrell

US Corporations Used Personal Armies To Uproot, Terrorize Colombia - 0 views

  • Some of the numerous foreign corporations accused of serious human rights abuses in Colombia include fruit companies Dole, Del Monte, and Chiquita, agribusiness giant Cargill, and other representatives of the fossil fuel industry like Texaco (formerly Texas Petroleum Company) and Exxon Mobil. Heeding corporate orders, paramilitary groups murdered union and labor rights activists, tortured and terrorized countless indigenous and Afro-Colombian people, and devastated entire villages of subsistence farmers to make way for mining, fossil fuel extraction, or plantations that would bring massive profits to foreign corporations. The Colombian military — and, in at least one high-profile massacre, the U.S. military — sometimes lent a hand in these human rights crimes. “Every human rights person I work with in Colombia believes the peace process is a necessary precondition” to ending corporate exploitation of Colombia, Dan Kovalik, a human rights and labor rights lawyer who teaches at the University of Pittsburgh School of Law, told MintPress News.
  • In court, “Chiquita admitted to paying paramilitaries and giving them 3,000 Kalashnikov rifles between 1997 and 2004,” Kovalik said. Chiquita allied with the United Auto-Defense Forces of Colombia (AUC), one of the country’s most violent paramilitary groups, Steven Cohen noted in a report for ThinkProgress in 2014. The AUC, a group once designated as a terrorist group by the U.S. government, is responsible for thousands of deaths in Colombia. It turns out that Chiquita had been playing both sides of the conflict. Cohen reported: “By its own account, Chiquita made at least 100 payments — $1.7 million in total — to the AUC between 1997 and 2004. In the decade prior to that, the company had maintained a similar arrangement with the Revolutionary Armed Forces of Colombia (FARC), the nominally leftist rebel group chased out of the region by the combined (and coordinated) efforts of the AUC and Colombian military.”
  • “There’s been some recent reports that [Chiquita’s funding of paramilitaries] may have continued until very recently through a subsidiary,” Kovalik added. While these allegations remain unproven in court, they do suggest a staggering number of victims. Multiple lawsuits were consolidated in 2011, accusing Chiquita of being involved in the killings of as many as 4,000 Colombian nationals. While the evidence is clearest in the case of Chiquita, other international banana growers are suspect as well. “According to Salvatore Mancuso, a high-ranking paramilitarian in U.S. prison, Dole and Del Monte also worked with the paramilitaries,” Kovalik said. “All the banana companies have.” Mancuso is currently serving a 15-year sentence in a federal prison and has been spoken openly about the influence that corporations like Chiquita hold in Colombia.
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  • The influence of banana growers in Colombia pre-dates the ongoing civil war. In 1928, the Colombian government brutally shut down a strike by United Fruit Company banana pickers under threat from the U.S. government. Some estimates put the death toll from the military action as high as 2,000, including workers, women and children. United Fruit was once one of the most powerful corporations in the world, manipulating the governments and economies of multiple Latin American countries. Chiquita was a trademark of United Fruit until 1990, when the company renamed itself Chiquita Brands International in an effort to rehabilitate its image. (Chiquita was purchased by two Brazilian companies in 2015, and is now headquartered in Switzerland.)
  • “It should be noted under the peace agreement, at least the one that went down in October, Coca-Cola was one of the companies named [that will be] subjected to further investigation for paramilitary ties,” Kovalik said. Coca-Cola, or at least its Colombian bottlers, have also been linked to paramilitary groups and human rights abuses. The bottlers and the company’s Atlanta headquarters have faced multiple lawsuits over attacks on union organizers. A 2010 documentary, “The Coca-Cola Case,” focused on the soda giant’s role in turning Colombia into the “trade union murder capital of the world,” June Chua wrote in a review for Rabble.ca that year.
  • Colombia is rich with resources that foreign corporations are eager to exploit, particularly in the mining, agriculture, and biofuels industries. “Mining is probably the biggest threat now to indigenous people, Afro-Colombians and peasants, and will continue to be as the peace agreement goes forward,” Kovalik added. Justin Podur, an author and global political analyst, told MintPress that Colombian human rights activists frequently say that “displacement in Colombia is not a side effect of the war, it’s really the point of the war.” Whether by design or coincidence, decades of unrest created fertile ground for profit.
  • In one of the most shocking examples of fossil fuel companies supporting the death and displacement of Colombian people, Kovalik highlighted the “the Santo Domingo massacre, in which Occidental Petroleum were part of an operation to bomb the Santo Domingo community.”
  • In a 2005 article for Z Net on the massacre, Kovalik and Luis Galvis explained: “On December 13, 1998, in what has become one of the most notorious war crimes in Colombia, the hamlet of Santo Domingo was attacked by a U.S. cluster bomb from a Colombian Air Force helicopter. Seventeen civilians, including 7 children, were killed as a result of the bombing.” In 2002, the Los Angeles Times revealed that the bombing had actually been carried out at the behest of, and with the assistance of, the Houston-based oil company which had its headquarters in Los Angeles at the time. Times staff writer T. Christian Miller wrote: “Los Angeles-based Occidental Petroleum, which runs an oil complex 30 miles north of Santo Domingo, provided crucial assistance to the operation. It supplied, directly or through contractors, troop transportation, planning facilities and fuel to Colombian military aircraft, including the helicopter crew accused of dropping the bomb.”
  • And, earlier this year, Gilberto Torres, a Colombian union activist, sued BP in London. He alleges that in 2002, he was kidnapped and tortured for 42 days by paramilitaries who were following orders from the oil giant.
Gary Edwards

The Daily Bell - 9/11 Fourteen Years Later - 0 views

  • The Official Version of 9/11 goes something like this: Directed by a beardy-guy from a cave in Afghanistan, nineteen hard-drinking, coke-snorting, devout Muslims enjoy lap dances before their mission to meet Allah. Using nothing more than craft knifes, they overpower cabin crew, passengers and pilots on four planes. And hangover or not, they manage to give the world's most sophisticated air defence system the slip. Unfazed by leaving their "How to Fly a Passenger Jet" guide in the car at the airport, they master the controls in no-time and score direct hits on two towers, causing THREE to collapse completely.
  • The laws of physics fail, and the world watches in awe as asymmetrical damage and scattered low temperature fires cause steel-framed buildings to collapse symmetrically through their own mass at free-fall speed, for the first time in history. Despite their dastardly cunning and superb planning, they give their identity away by using explosion-proof passports, which survive the destruction of steel and concrete and fall to the ground where they are quickly discovered lying on top of the mass of debris.
  • Meanwhile in Washington Hani Hanjour, having previously flunked Cessna flying school, gets carried away with all the success of the day and suddenly finds incredible abilities behind the controls of a jet airliner. Instead of flying straight down into the large roof area of the Pentagon, he decides to show off a little. Executing an incredible 270 degree downward spiral, he levels off to hit the low facade of the Pentagon. Without ruining the nicely mowed lawn and at a speed just too fast to capture on video.
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  • In the skies above Pennsylvania  Desperate to talk to loved ones before their death, some passengers use sheer willpower to connect mobile calls that would not be possible until several years later. And following a heroic attempt by some to retake control of Flight 93, the airliner crashes into a Pennsylvania field leaving no trace of engines, fuselage or occupants except for the standard issue Muslim terrorist bandana.
  • During these events President Bush continues to read "My Pet Goat" to a class of primary school children.
  • In New York World Trade Center leaseholder Larry Silverstein blesses his own foresight in insuring the buildings against terrorist attack only six weeks previously. 
  • In Washington The Neoconservatives are overjoyed by the arrival of the "New Pearl Harbor," the necessary catalyst for launching their pre-planned wars.
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    "Millions of refugees from Washington's wars are currently over-running Europe. Washington's 14-year and ongoing slaughter of Muslims and destruction of their countries are war crimes for which the US government's official 9/11 conspiracy theory was the catalyst. Factual evidence and science do not support Washington's conspiracy theory. The 9/11 Commission did not conduct an investigation. It was not permitted to investigate. The Commission sat and listened to the government's story and wrote it down. Afterwards, the chairman and cochairman of the Commission said that the Commission "was set up to fail." For a factual explanation of 9/11, watch this film: https://www.youtube.com/watch?v=OsoY3AIRUGA&feature=youtu.be. Here is an extensive examination of many of the aspects of 9/11: http://www.luogocomune.net/site/modules/sections/index.php?op=viewarticle&artid=167. Phil Restino of the Central Florida chapter of Veterans For Peace wants to know why national antiwar organizations buy into the official 9/11 story when the official story is the basis for the wars that antiwar organizations oppose. Some are beginning to wonder if ineffectual peace groups are really Homeland Security or CIA fronts. The account below of the government's 9/11 conspiracy theory reads like a parody, but in fact is an accurate summary of the official 9/11 conspiracy theory. It was posted as a comment in the online UK Telegraph on September 12, 2009, in response to Charlie Sheen's request to President Obama to conduct a real investigation into what happened on September 11, 2001."
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