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Gary Edwards

Cow Economics & Politics - 1 views

docs.google.com/...pub

Banksters Cows S&P-downgrade

shared by Gary Edwards on 09 Aug 11 - No Cached
  • Gary Edwards on 09 Aug 11
     
    Update on that classic economic-political use case; "You have two cows". Hard to joke when the stock market has lost over $2 Trill in one week, and neither the government or the Federal Banksters Reserve show any concern.  Obama's golf game, fund raising and vacation schedule will not miss a beat.  Cape Cod calls and Obama is there.  Bernake and the Banksters met today, with a stock market begging for him to print up some more free fuel.  Bernake decides to stick with the plan and go with the collapse of the USA and the Dollar as scheduled. GOLD today is over $1780 /oz.  It's value in dollars has risen over $120 /oz since the raising of the debt limit to near $17 Trillion. The stock market melted down yesterday, crashing through key support barriers … shattering the confidence of millions of individual investors … and prompting most - who had been trying to turn a blind eye to the carnage - to start heading for the hills. Yesterday, Aug 9 2011 was the worst trading day since December of 2008. Just since the market began falling on July 26th, more than $7.8 trillion in equity has now been erased! Even though the Banksters are flush with $16.1 Trill in Federal Bankster Reserve coupons (GAO Audit of 2009-2010 Bankster books), the market can't seem to sort things out. And Banks stocks got hit hardest of all in yesterdays crash: US Bancorp and Wells Fargo were both down 9%. Huntington Bancshares and JP Morgan Chase declined 8.5% and 9.4% respectively. Fifth Third Bankcorp fell 11.4% and Capital One fell 12.08%. Regions Bank dropped 13.5% and SunTrust lost 13.9% of its value. Saw a National Media special on S&P last night.  These clowns gave Enron, Worldcom, Lehman Brothers, Ireland, Greece and Iceland their highest ratings right up until the eve of their collapse.  And then there's those trillions in garbage mortgage securities and derivatives rated triple A right through the collapse of the World economy
Paul Merrell

How America's Wars Fund Inequality at Home - LobeLog - 0 views

lobelog.com/s-wars-fund-inequality-at-home

war & peace U.S.-foreign-policy deficit-spending

shared by Paul Merrell on 29 Jun 18 - No Cached
  • In the name of the fight against terrorism, the United States is currently waging “credit-card wars” in Afghanistan, Iraq, Syria, and elsewhere. Never before has this country relied so heavily on deficit spending to pay for its conflicts. The consequences are expected to be ruinous for the long-term fiscal health of the U.S., but they go far beyond the economic. Massive levels of war-related debt will have lasting repercussions of all sorts. One potentially devastating effect, a new study finds, will be more societal inequality. In other words, the staggering costs of the longest war in American history — almost 17 years running, since the invasion of Afghanistan in October 2001 — are being deferred to the future. In the process, the government is contributing to this country’s skyrocketing income inequality. Since 9/11, the U.S. has spent $5.6 trillion on its war on terror, according to the Costs of War Project, which I co-direct, at Brown University’s Watson Institute for International and Public Affairs. This is a far higher number than the Pentagon’s $1.5 trillion estimate, which only counts expenses for what are known as “overseas contingency operations,” or OCO — that is, a pot of supplemental money, outside the regular annual budget, dedicated to funding wartime operations. The $5.6 trillion figure, on the other hand, includes not just what the U.S. has spent on overseas military operations in Iraq, Afghanistan, Pakistan, and Syria, but also portions of Homeland Security spending related to counterterrorism on American soil, and future obligations to care for wounded or traumatized post-9/11 military veterans. The financial burden of the post-9/11 wars across the Greater Middle East — and still spreading, through Africa and other regions — is far larger than most Americans recognize.
Gary Edwards

Rand Paul's Tea Party Response: Full Text - 0 views

www.newsmax.com/...490118

Rand-Paul Libertarian USA-Constitution

shared by Gary Edwards on 13 Feb 13 - No Cached
  • With my five-year budget, millions of jobs would be created by cutting the corporate income tax in half, by creating a flat personal income tax of 17%, and by cutting the regulations that are strangling American businesses.
  • America has much greatness left in her. We will begin to thrive again when we begin to believe in ourselves again, when we regain our respect for our founding documents, when we balance our budget, when we understand that capitalism and free markets and free individuals are what creates our nation’s prosperity.
  • Gary Edwards on 13 Feb 13
     
    Outstanding statement about what made America great, an dhow are government is destroying that greatness.  This is the full Text of Sen. Rand Paul's Tea Party Response to Obama's State of the Union Address: I speak to you tonight from Washington, D.C. The state of our economy is tenuous but our people remain the greatest example of freedom and prosperity the world has ever known. People say America is exceptional. I agree, but it's not the complexion of our skin or the twists in our DNA that make us unique. America is exceptional because we were founded upon the notion that everyone should be free to pursue life, liberty, and happiness. For the first time in history, men and women were guaranteed a chance to succeed based NOT on who your parents were but on your own initiative and desire to work. We are in danger, though, of forgetting what made us great. The President seems to think the country can continue to borrow $50,000 per second. The President believes that we should just squeeze more money out of those who are working. The path we are on is not sustainable, but few in Congress or in this Administration seem to recognize that their actions are endangering the prosperity of this great nation. Ronald Reagan said, government is not the answer to the problem, government is the problem. Tonight, the President told the nation he disagrees. President Obama believes government is the solution: More government, more taxes, more debt. What the President fails to grasp is that the American system that rewards hard work is what made America so prosperous. What America needs is not Robin Hood but Adam Smith. In the year we won our independence, Adam Smith described what creates the Wealth of Nations. He described a limited government that largely did not interfere with individuals and their pursuit of happiness. All that we are, all that we wish to be is now threatened by the notion that you can have something for nothing, that you can have your cake and ea
Paul Merrell

Report: Post 9/11 Wars Have Cost Taxpayers Nearly $5 Trillion And Counting - 0 views

www.mintpressnews.com/...220380

war & peace U.S.-foreign-policy cost-of-war statistics

shared by Paul Merrell on 14 Sep 16 - No Cached
  • The U.S. military interventions in Iraq and Afghanistan have cost taxpayers nearly $5 trillion and counting, according to a new report released to coincide with the 15th anniversary of the attacks. Dr. Neta Crawford, professor of political science at Brown University, released the figures in an independent analysis (pdf) of U.S. Departments of Defense, State, Homeland Security, and Veteran Affairs spending, as well as their base and projected future spending. Crawford is also a director at Brown’s Costs of War Project, which works to draw attention to the human, economic, and political toll of the military response to 9/11. In total, the wars already boast a price tag of $4.79 trillion, she found. And the cost is still climbing. Crawford’s estimate includes budget requests for the 2017 operations in Afghanistan—which are poised to continue despite President Barack Obama’s vow to withdraw troops from the country by then—as well as in Iraq and Syria. The Pentagon requested $66 billion for those fights just for that year. However, even if the U.S. stopped spending on war at the end of this fiscal year, the interest costs, such as debt for borrowed funds, would continue to rise. Post-9/11 military spending was financed almost entirely by borrowing, which in turn has driven debt and interest rates, the project has previously noted.
  • Separate reporting late last month by the U.K.-based watchdog Action on Armed Violence (AOAV) found that the Pentagon could only account for 48 percent of small arms shipped to Iraq and Afghanistan since 9/11—meaning more than half of the approximately 700,000 guns it sent overseas in the past 15 years are missing. What’s more, a recent Inspector General audit report found a “jaw-dropping” $6.5 trillion could not be accounted for in Defense spending. The results of Crawford’s report, released last week, follow previous estimates by prominent economists like Nobel Prize-winning Joseph Stiglitz and Harvard professor Linda Bilmes, whose 2008 book The Three Trillion Dollar War made similar claims. Crawford’s report continues: “Interest costs for overseas contingency operations spending alone are projected to add more than $1 trillion dollars to the national debt by 2023. By 2053, interest costs will be at least $7.9 trillion unless the U.S. changes the way it pays for the war.” And, Crawford notes, that’s a conservative estimate. “No set of numbers can convey the human toll of the wars in Iraq and Afghanistan, or how they have spilled into the neighboring states of Syria and Pakistan, and come home to the U.S. and its allies in the form of wounded veterans and contractors,” the report states. “Yet, the expenditures noted on government ledgers are necessary to apprehend, even as they are so large as to be almost incomprehensible.”
Paul Merrell

Trump's Pentagon Budget Boost: Shades of Ronald Reagan « LobeLog - 0 views

lobelog.com/-boost-shades-of-ronald-reagan

war & peace Defense-spending Trump-administration

shared by Paul Merrell on 28 Feb 17 - No Cached
  • The last time a president went for a peacetime defense budget increase of the magnitude the Donald is seeking was 1981. Showing no originality, the current office-holder has even borrowed Ronald Reagan’s bumper sticker: “Peace Through Strength”! Holy cow, he even plans to bury this increase in a budget that promises fiscal control, cuts revenues, and slashes domestic spending. Talk about Groundhog Day. David Stockman must be rolling over in his bed (being still alive), recognizing the track marks on newly minted Mick Mulvaney as similar to the ones Cap Weinberger left on his back in 1981. It’s like a bad movie, something Reagan knew well; or, better yet, a bad TV show, which was the leadership preparation for the current chief executive.
  • Paul Merrell on 28 Feb 17
     
    The senior White House official for national security budgets from 1993-1997 devastates Trump's proposed whopping increase in defense spending.
Gary Edwards

Gang of 545 and The Basic Flaw by Charley Reese - 2 views

www.lewrockwell.com/...reese494.html

Charlie-Reese Libertarian Gang-of-545

shared by Gary Edwards on 31 May 12 - No Cached
  • Gary Edwards on 31 May 12
     
    Enough said.  Beautifully done Charlie! intro: Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Democrats and the Republicans are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes? You and I don't propose a federal budget. The president does. You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don't write the tax code. Congress does. You and I don't set fiscal policy. Congress does. You and I don't control monetary policy. The Federal Reserve Bank does. One hundred senators, 435 congressmen, one president and nine Supreme Court justices - 545 human beings out of the 235 million - are directly, legally, morally and individually responsible for the domestic problems that plague this country.
  • Gary Edwards on 31 May 12
     
    Bay Area Patriot Group post
Paul Merrell

The Rutherford Institute :: Life in the Electronic Concentration Camp: The Many Ways Th... - 0 views

www.rutherford.org/...p_the_many_ways_that_youre_bei

surveillance state surveillance-methods

shared by Paul Merrell on 08 Jan 14 - No Cached
  • As noted by the Brookings Institution, “For the first time ever, it will become technologically and financially feasible for authoritarian governments to record nearly everything that is said or done within their borders — every phone conversation, electronic message, social media interaction, the movements of nearly every person and vehicle, and video from every street corner.” As the following will show, the electronic concentration camp, as I have dubbed the surveillance state, is perhaps the most insidious of the police state’s many tentacles, impacting almost every aspect of our lives and making it that much easier for the government to encroach on our most vital freedoms, ranging from free speech, assembly and the press to due process, privacy, and property, by eavesdropping on our communications, tracking our movements and spying on our activities.
  • To put it bluntly, we are living in an electronic concentration camp. Through a series of imperceptible steps, we have willingly allowed ourselves to become enmeshed in a system that knows the most intimate details of our lives, analyzes them, and treats us accordingly. Whether via fear of terrorism, narcissistic pleasure, or lazy materialism, we have slowly handed over our information to all sorts of entities, corporate and governmental, public and private, who are now using that information to cow and control us for their profit. As George Orwell warned, “You had to live—did live, from habit that became instinct—in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized.” Thus, we have arrived in Orwell’s world. The question now is: will we take a stand and fight to remain free or will we go gently into the concentration camp?
  • Paul Merrell on 08 Jan 14
     
    Nice beginning inventory of the ways government records its citizenry's every move.  
Paul Merrell

Europe and Ukraine: A tale of two elections - RT Op-Edge - 0 views

rt.com/...161664-elections-in-eu-ukraine

Auction-2014 EU Ukraine

shared by Paul Merrell on 28 May 14 - No Cached
  • Circumstances surrounding the European and Ukrainian elections were far from being a mere coincidence. The regime changers in Kiev decided to hold a presidential election on May 25, the same day as European Parliament elections, in order to demonstrate their desire to follow a European-centric foreign policy.
  • Way beyond the established fact of an Atlantic push against Russian western borderlands, Ukraine remains a catfight of local oligarchies. No wonder the new Ukrainian president is also an oligarch; the 7th wealthiest citizen in the land, who owns not just a chocolate empire, but also automotive plants, a shipyard in Crimea and a TV channel. The only difference is that he’s a NATO oligarch
  • Meanwhile, in NATOstan, local and transnational elites have been desperately trying to spin a measure of success. Abstention remains notable – only roughly 4 in 10 Europeans take the trouble to vote on what goes on in Strasbourg, with a majority alienated enough to legitimize the mix of internal European austerity and international belligerence.
  • ...9 more annotations...
  • Hardly discussed in the pre-vote campaigns were the Snowden NSA revelations; the shady negotiations between Washington and Brussels over a free trade agreement which will be a boon for US Big Business; and how the financial casino supervised by the European Central Bank, the IMF, and the European Commission (EC) will remain untouched, further ravaging the European middle classes. The anti-EU crowd performed very well in France, the UK, Denmark and Greece. Not so well in Italy and the Netherlands. The mainstream did relatively well in Germany and ultraconservative Spain – even though losing votes to small parties.
  • Essentially, European voters said two things out loud: either “the EU sucks,” or “we couldn’t care less about you, Eurocrat suckers.” As if that sea of lavishly pensioned Brussels apparatchiks – the Eurocrats - would care. After all, their mantra is that “democracy” is only good for others (even Ukrainians…) but not for the EU; when the European flock of sheep votes, they should only be allowed to pick obscure Brussels-peddled and Brussels-approved treaties. Brussels, anyway, is bound to remain the Kafkaesque political epitome of centralized control and red tape run amok. No wonder the EU is breathlessly pivoting with itself as the global economy relentlessly pivots to Asia.
  • To believe that an EU under troika austerity will bail Kiev out of its massive outstanding debts is wishful thinking. The recipe - already inbuilt in the $17 billion IMF “rescue” package is, of course, austerity. Oligarchs will remain in control, while assorted plunderers are already lining up. Former US Secretary of State Madeleine Albright – for whom hundreds of thousands of Iraqi children were expendable – “observed” the elections, and most of all observed how to privatize Telecom Ukraine, as she is doing now with Telekom Kosovo. There’s no evidence Right Sector and Svoboda will cease to be crypto-fascist, racist and intolerant just because Poroshenko – the King of Ukrainian Chocolate – is now the president. By the way, his margin for maneuver is slim, as his own markets – not to mention some of his factories – are in Russia. Heavy industry and the weapons industry in eastern Ukraine depend on Russian demand. It would take at least a whopping $276 billion for the West to “stabilize” eastern Ukraine. The notion of the EU “saving” Ukraine is D.O.A.
  • Moscow, once again, just needs to do what it is doing: nothing. And make sure there will be no economic or political help unless a federalized – and Finlandized - Ukraine with strong regions sees the light of day. Even the Brookings Institution has reluctantly been forced to admit that the US neo-con gambit has failed miserably; there’s no Ukraine without Russian help.
  • Signs so far are mixed. Poroshenko said Ukraine could “possibly” become an EU member state by 2025 (it won’t happen). He ruled out entering NATO (wise move). He rejects federalization (dumb move). He believes that with a strong economy Crimea would want to be back (wishful thinking). Still, he believes in reaching a compromise with Moscow (that’s what Moscow always wanted, even before regime change).
  • Back in NATOstan, there’s the crucial point of what happens to the ultra-right-wing anti-EU brigade in the Parliament in Strasbourg. They may all abhor the EU, but the fact is this ideological basket case will hardly form an alliance.
  • What this ultimately means is that conservative and moderate parties, as per the status quo, will remain in control, expressed via an extremely likely coalition of the European People’s Party (center-right) and the Socialists and Democrats (center-left). What comes next, in the second half of 2014, is the appointment of a new EU Commission. That’s Kafka redux, as in the bureaucrat-infested executive arm of the EU, which shapes the agenda, sort of (when it’s not busy distributing subventions in color-coded folders for assorted European cows.) There are 5 candidates fighting for the position of EC president. According to the current EU treaty, member states have to consider the result of EU Parliament elections when appointing a new president. Germany wants a conservative. France and Italy want a socialist. So expect a tortuous debate ahead to find who will succeed the spectacularly mediocre Jose Manuel Barroso. The favorite is a right-winger of the European People’s Party, former Prime Minister of Luxembourg Jean-Claude Juncker. He is an avid defender of banking secrecy while posing himself as a champion of “market social economy.”
  • Then there’s more Kafka: choosing the new president of the EU Council and the High Representative for Foreign Affairs. Translation: the EU won’t decide anything, or “reform” anything for months. That includes the critical negotiations with the Americans over the free trade deal. It’s absolutely impossible to spin these Sunday elections as not discrediting even more the EU project as it stands. As I’ve seen for myself, since early 2014, in 5 among the top EU countries, what matters for the average citizen is as follows: how to deal with immigration; how to fight the eradication of the welfare state; the implications of the free trade agreement with the US; the value of the euro –including an absurdly high cost of living; and what the ECB mafia is actually doing to fight unemployment.
  • With Kafka in charge for the foreseeable future, what’s certain is that Paris and Berlin will drift further and further apart. There will be no redesign of the EU’s institutions. And the next Parliament, filled with sound and fury, will be no more than a hostage of the devastating, inexorable political fragmentation of Europe. “Saving” Ukraine? What a joke. The EU cannot even save itself.
  • Paul Merrell on 28 May 14
     
    Pepe Escobar's take on the Presidential election in Ukraine and the EU-wide national election of EU Parliament members, both held on the same day. Excerpts only highlighted.  
Paul Merrell

Our Condolences: How the U.S. Paid For Death and Damage in Afghanistan - 0 views

firstlook.org/...payments-civilians-afghanistan

war & peace Afghanistan U.S.-foreign-policy civilian-reparations

shared by Paul Merrell on 02 Mar 15 - No Cached
  • An armored vehicle ran over a six-year-old boy’s legs: $11,000. A jingle truck was “blown up by mistake”: $15,000. A controlled detonation broke eight windows in a mosque: $106. A boy drowned in an anti-tank ditch: $1,916. A 10-ton truck ran over a cucumber crop: $180. A helicopter “shot bullets hitting and killing seven cows”: $2,253. Destruction of 200 grape vines, 30 mulberry trees and one well: $1,317. A wheelbarrow full of broken mirrors: $4,057. A child who died in a combat operation: $2,414. These are among the payments that the United States has made to ordinary Afghans over the course of American military operations in the country, according to databases covering thousands of such transactions obtained by The Intercept under the Freedom of Information Act. Many of the payments are for mundane incidents such as traffic accidents or property damage, while others, in flat bureaucratic language, tell of “death of his wife and 2 minor daughters,” “injuries to son’s head, arms, and legs,” “death of husband,” father, uncle, niece.
  • The databases are incomplete, reflecting fragmented record keeping in Afghanistan, particularly on the issue of harm to civilians. The payments The Intercept has analyzed and presented in the graphic accompanying this story are not a complete accounting, but they do offer a small window into the thousands of fractured lives and personal tragedies that take place during more than a decade of war.
  • Paul Merrell on 02 Mar 15
     
    Trillions for war but peanuts for victims.
Paul Merrell

Thousands of Ukrainians Protest against the US Embassy. Media Blackout | Global Researc... - 0 views

www.globalresearch.ca/...5440940

war & peace Ukraine-demonstrators U.S.-foreign-policy

shared by Paul Merrell on 06 Apr 15 - No Cached
  • The racist-fascist (or “nazi”) anti-Russian regime that the U.S. installed in a February 2014 coup does not permit protest (except from its small right: the few overt nazis demanding even more militancy); so, the only way that thousands of Ukrainians were safely able to express their loathing of the U.S. Embassy in Kiev on April 1st was by mooing as a non-verbal expression against the regime-controllers inside the compound, telling them, in effect, “We are not cattle.” However, at the end of the protest, someone managed to throw cow-dung at the compound. The police-state prohibited this event from being broadcast, and removed it even from the internet locally, but pictures and video have seeped out by now (after having been posted on April 2nd), and are made available (along with the mock braying of cattle), and are shown here summarized below as stills taken from various positions around the U.S. compound. The full video (less than two minutes) can be seen and heard at, and is from: http://offguardian.org/2015/04/03/were-not-cattle-kiev-protesters-throw-manure-at-us-embassy/
  • Whereas the “Maidan” demonstrations were orchestrated by the U.S. Embassy in Kiev, this anti-imperialist demonstration was truly grass-roots and not organized by any foreign government.
Paul Merrell

White House wants Republicans to disqualify Trump as reactions snowball - 0 views

www.todayszaman.com/reactions-snowball_406556.html

Auction 2016 Trump disqualification Obama DoD UN

shared by Paul Merrell on 12 Dec 15 - No Cached
  • As international condemnation of Republican Party presidential candidate Donald Trump's proposal to ban Muslims from entering the US snowballs, the White House has called for Trump to be disqualified from the presidential race and urged Republican candidates to reject him. Trump called for blocking Muslims -- including prospective immigrants, students, tourists and other visitors -- from entering the US following a shooting spree in San Bernardino, California, by a Muslim couple whom authorities said had been radicalized. The White House lambasted Trump's proposal for the ban, maintaining on Tuesday that Trump's outburst disqualified him from becoming president and called on Republican Party presidential hopefuls to disavow him with immediate effect. White House spokesman Josh Earnest said Trump's campaign had a "dustbin of history" quality to it and said his comments were offensive and toxic, according to Reuters. "If they are so cowed by Mr. Trump and his supporters that they're not willing to stand by the values enshrined in the Constitution, then they have no business serving as president of the United States themselves," Earnest said, according to The Associated Press (AP).
  • The Pentagon, the headquarters of the US Department of Defense, warned on Tuesday that Trump's anti-Muslim rhetoric undermines US national security, especially fueling the Islamic State in Iraq and the Levant's (ISIL) narrative of a US war with Islam. Asked about Trump's remarks, Pentagon spokesman Peter Cook said Muslims serve in the US armed forces and that America's war strategy to combat the Islamic State hinged on support from Muslim countries, according to a Reuters report. “Anything that bolsters ISIL's narrative and pits the United States against the Muslim faith is certainly not only contrary to our values but contrary to our national security,” Cook told a news briefing, refraining to mention Trump by name. US Homeland Security Secretary Jeh Johnson said Trump's proposal could thwart US efforts to connect with the Muslim community and Secretary of State John Kerry said his ideas were not constructive. The Pentagon counts thousands of service members who self-identify as Muslims. Data released by the US Defense Department showed that 3,817 active-duty members and 2,079 members of the National Guard and reserve identified their faith as “Islam.” However the real number could well be higher as the identifications are voluntary.
  • UN secretary-general strongly opposes Trump comments UN spokesman Farhan Haq said recently UN Secretary-General Ban Ki-moon strongly opposes Trump's call for a ban on Muslims entering the United States. Haq said the secretary-general has repeatedly spoken out against all forms of xenophobia and statements against migrants, racial or religious groups "and that would certainly apply in this case." While political campaigns have their own dynamics, Haq said, according to AP, “we do not believe that any kind of rhetoric that relies on Islamaphobia, xenophobia, any other appeal to hate any groups, really should be followed by anyone.”
  • Paul Merrell on 12 Dec 15
     
    That figures. Trump is out-polling Hillary at the moment.
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