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Gary Edwards

'Clinton death list': 33 spine-tingling cases - 0 views

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    "(Editor's note: This list was originally published in August 2016 and has gone viral on the web. WND is running it again as American voters cast their ballots for the nation's next president on Election Day.) How many people do you personally know who have died mysteriously? How about in plane crashes or car wrecks? Bizarre suicides? People beaten to death or murdered in a hail of bullets? And what about violent freak accidents - like separate mountain biking and skiing collisions in Aspen, Colorado? Or barbells crushing a person's throat? Bill and Hillary Clinton attend a funeral Apparently, if you're Bill or Hillary Clinton, the answer to that question is at least 33 - and possibly many more. Talk-radio star Rush Limbaugh addressed the issue of the "Clinton body count" during an August show. "I swear, I could swear I saw these stories back in 1992, back in 1993, 1994," Limbaugh said. He cited a report from Rachel Alexander at Townhall.com titled, "Clinton body count or left-wing conspiracy? Three with ties to DNC mysteriously die." Limbaugh said he recalled Ted Koppel, then-anchor of ABC News' "Nightline," routinely having discussions on the issue following the July 20, 1993, death of White House Deputy Counsel Vince Foster. In fact, Limbaugh said, he appeared on Koppel's show. "One of the things I said was, 'Who knows what happened here? But let me ask you a question.' I said, 'Ted, how many people do you know in your life who've been murdered? Ted, how many people do you know in your life that have died under suspicious circumstances?' "Of course, the answer is zilch, zero, nada, none, very few," Limbaugh chuckled. "Ask the Clintons that question. And it's a significant number. It's a lot of people that they know who have died, who've been murdered. "And the same question here from Rachel Alexander. It's amazing the cycle that exists with the Clintons. [Citing Townhall]: 'What it
Paul Merrell

Tony Blair, "Infanticide Endorser" is Rewarded by "Save The Children" | Global Research - 0 views

  • When the Orwellian “Middle East Peace Envoy” Tony Blair was named “Philanthropist of the Year” by GQ Magazine in September for “his tireless charitable work” (tell that to the dismembered, dispossessed, traumatized of Iraq, Afghanistan) there was widespread disbelief.
  • When the Orwellian “Middle East Peace Envoy” Tony Blair was named “Philanthropist of the Year” by GQ Magazine in September for “his tireless charitable work” (tell that to the dismembered, dispossessed, traumatized of Iraq, Afghanistan) there was widespread disbelief.
  • Another Save The Children executive, Chief Financial Officer Sam Aharpe: “worked for nearly 30 years with the UK Government development programme” including under Tony Blair, according to their website – whilst Fergus Drake, Director of Global Programmes since 2009: “Prior to this … worked for the Office of Tony Blair in Rwanda advising President Kagame …” The day after Blair’s Gala Award, Save The Children, with UNICEF and other aid agencies released a statement: “On the 25th anniversary of the Convention on The Rights of the Child – Stepping up the global effort to advance the rights of every child.” The enshrined commitments were: “ … not only to some children, but to all children … not only to advance some of their rights, but all their rights – including their right to survive and to thrive, to grow and to learn, to have their voices heard and heeded, and to be protected from discrimination and violence in all its manifestations.” (7) Irony, chutzpah, hypocrisy eat your hearts out.
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  • In both roles he emphatically endorsed the Iraq embargo, thus the silent monthly infanticide. Madeleine Albright in trousers. Iraq’s new born and under fives for her were: “ … a price worth it.” Then came the 2003 dodgy Downing Street dossier used by Colin Powell at the UN for the invasion’s justification, the subsequent perhaps one and a half million deaths in a country where near half the population were children – the rest is holocaustal history. Between Madeleine Albright’s admission (12th May 1996) that “over half a million children had died” and Blair’s tenure between 1997 to the invasion, six years later, a further near half a million children died (do the maths.) Yet Save The Children – whose commitment “No Child Born to Die” is at the top of each page of the charity’s website – honour this tyrant.
  • It has to be hoped that this shameful lauding of a man who should be answering to a Nuremberg model Tribunal and on whom the Chilcot Inquiry is still to release it’s findings, has nothing to do with the fact that the Chief Executive of Save the Children, Justin Forsyth was in 2004: “ … recruited to No 10 (Downing Street) by Tony Blair …” and later became Blair’s successor: “ Gordon Brown’s Strategic Communications and Campaigns Director …” (6)
  • On 19th November, though, the Butcher of Baghdad, Dodgy Dossier Master, Sanctions Endorser of an embargo which condemned to death an average of 6,000 children a month according to the UN, was awarded Save The Children’s Global Legacy Award at a Gala Charity at The Plaza in New York.
  • Of course, as Gaza was decimated again in July and August, defenceless, with no army, navy or air force, resulting in over 2,000 deaths, including nearly 500 children, the Middle East “Peace Envoy” fled his posh pad in Jerusalem and gave a two month early “surprise birthday party” for his wife in one of his seven UK mansions, safely out of the firing line – and said nothing about saving the children, or indeed anyone else. He has subsequently been silent about Gaza’s 475,000 souls living in emergency conditions, 17,200 destroyed homes and 244 damaged schools (8.) Incidentally, if you are considering donating to Save the Children or buying their Christmas cards, give generously. Mr Forsyth and his colleagues struggle along on about 160 thousand pounds a year and the Chief Executive makes do on 234 pounds annually (9.)
  • Children saving seems to be somewhat selective at this agency which operates in “more than 120 countries.” For example, in November 2003, the Guardian reported that: “Senior figures at Save the Children US . . . demanded the withdrawal of the criticism and an effective veto on any future statements blaming the invasion for the plight of Iraqi civilians’ suffering malnourishment and shortages of medical supplies.” Fast forward to the run up to another US extrajudicial assassination of the man purported to be Osama bin Laden in May 2011 in Abbottabad, Pakistan. Save The Children: “had been under suspicion from authorities ever since a doctor accused of assisting the CIA in its search for the al-Qaida leader claimed that Save the Children had introduced him to US intelligence officers.” (11.) Dr Shakil Afridi, currently serving 33 years in jail was: “accused of setting up a bogus hepatitis B vaccination campaign in the Abbottabad area to try to pinpoint Bin Laden’s exact location”, via DNA samples which: “were to be tested by the CIA for genetic matches to Bin Laden.”
  • Whilst: “Afridi never succeeded in persuading (people) to give blood, his collaboration with a foreign intelligence service is regarded as an act of treason by Pakistan’s security establishment.” Save The Children which emphatically denied employing or paying Dr Afridi or indeed having a vaccination programme in Abbottabad were nevertheless expelled from Pakistan in September 2012. In spite of denials, internal mails on the dispute obtained by the Center for Investigative Reporting in Pakistan (12) which can be read in full (13) make interesting reading.
  • A relatively recent Save The Children initiative has been to appoint Samantha Cameron, wife of current UK Prime Minister David Cameron as their “Ambassador” for Syria. Since the organization cannot work in Syria, she has brought stories of “innocent childhoods being smashed to pieces” from neighbouring countries. Of course Britain under Cameron is arming and training the Syrian insurgents. (14.) Cameron is a Blair admirer, on record as taking his advice. “Peace Envoy” Blair is on record as enthusiast for another illegal overthrow in Syria with “no regrets” over Iraq.
  • As the fury mounts over Blair’s Award and Christmas approaches, Denis Halliday, former UN Coordinator in Iraq who resigned over the embargo during Blair’s premiership stating that it was “genocide”, reminded me of Christmas 1998 when Blair stood in front of his Christmas tree outside 10 Downing Street and declared that the UK and US were again (illegally of course) bombing Iraq. During this further blitz, Halliday’s successor, Hans von Sponeck, who was also to resign in disgust, was sleeping on the floor in the UN building in Baghdad, with his staff and families, the building was further out of town and seemed safer for those who took rescue. So as Save The Children lauds Blair and trumpets the Rights of the Child, perhaps they should reflect the horror he has wrought. In Iraq one in four surviving children now has stunted physical or intellectual development due to malnutrition. There are an estimated 35,000 infant deaths annually, over a quarter of Iraqi children, three million, suffer post traumatic stress disorder. (War Child: “Mission Unaccomplished”, 2013.)
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    Another "charity" to cross-out from your charitable contributions list of candidates.
Paul Merrell

Leaked Emails ot Save the Children confirms Pakistan full of CIA agents!! - 0 views

  • Here are the emails. An article written by Umar Cheema is also on the Web, will post link once I am on my laptop. http://cirp.pk/e-mail.htm (edit: although some names have been blacked out, you can still view them by taking mouse over the links! e.g. First email is by Hassan Noor.. to Mike Novell, tkrift (??), Amanullah Khan.. CC is Afnan Aleem) These basically proves that everyone in the Abbotabad commission (except Mr Ashraf Qazi), including a very senior judge and general, were working under the influence of Save The Children NGO Retired General Nadeem was directly working under them! Afridi was NOT tortured by ISI. He did give ISI some false statements which the ISI didn't dig deeper because it suited them! (Example he was working for CIA since 2008, not 2009 as ISI was led to believe) Edit: Here is the article: http://www.thenews.com.pk/Todays-Ne...s-Abbottabad-Commission-was-penetrated-by-CIA -- All these NGOs should be banned and thrashed! ISI should publically hang foreign agents! (Even if they are Generals)
  • Record shows Abbottabad Commission was penetrated by CIA​ Umar Cheema Friday, August 02, 2013 From Print Edition ISLAMABAD: A mind-blowing detail has emerged from the internal correspondence of NGO Save the Children disclosing its infiltration into the Abbottabad Commission to save its skin following allegations of the CIA’s penetration into the NGO in a hunt for Osama bin Laden through Dr Shakil Afridi, now under arrest in Peshawar. “Some of us suspected that the khakis had access to the record and receive daily updates but never realised an NGO had infiltrated too,” said an official privy to the Commission’s working. The leaked communication indicates that Lt Gen (retd) Nadeem Ahmed, an unofficial representative of the Army and ISI in the Commission, was allegedly cultivated by Save the Children who would offer him ‘how-to-do’ bailout advice, even sharing details about the internal politics of the Commission and classified record, something in radical contradiction to his reputation as a thorough professional and a man of integrity. He briefed the deputy country director of Save the Children, according to the email, about the views of different members, staunch opposition from a panel colleague, Ashraf Jehangir Qazi, resulting in his dissenting note on the NGO and other institutions, and Gen (retd) Nadeem’s plan to effectively counter this note in collaboration with Justice (R) Javed Iqbal, the Chairman.
  • Another member, Abbas Khan, was neither willing to sign the report in its current shape, discloses email record, nor wanted to put a dissenting note hence decided to prolong his stay in the US where he went on the ‘pretext of medical ground’. More alarmingly, the NGO was granted access to the Commission’s report well before it was sent to the prime minister. Save the Children had uninterrupted access to the four drafts prepared in June 2012 by the members including the chairman, email record available with The News indicates. All favours granted to Save the Children on behalf of the Commission were in clear breach of public trust raising question marks about the integrity of the members. The chairman of the NGO, Save the Children, was contacted by The News. He initially agreed to meet but later stopped taking calls and did not respond to messages sent to him.Nadeem also felt confident, the email record shows, that he would be able to convince the panel with the answers given by the NGO and urge his colleagues to go by the facts presented by Save the Children instead of believing on the contents of Afridi’s statement. Gen (R) Nadeem also advised the NGO, an email of the country director reads, to fight the expulsion of our expatriate as otherwise the ISI would move quickly to close down the country programme before the Commission report comes out.
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  • The NGO has neither denied the email record and the contents it carried (when shown by The News for seeking version) nor offered specific comments but that: “Our assistance to the Abbottabad Commission and its members including Gen Nadeem was within the legal parameters and Abbottabad Commission mandate to find facts.” Nadeem was not available for comments, however, his close aide termed the allegations as utterly “rubbish and non-sense” when comments were sought after showing the email record A transcript of internal wrangling: Muhammad Hassan Noor Saadi, deputy country director of Save the Children, met Gen (R) Nadeem on November 20, 2012 that followed his email to four senior colleagues. The report was primarily compiled by ‘our friend’, his email reads, and was endorsed by the Chairman but one of the members, Ashraf Qazi, was not in agreement with them. He wrote a dissenting note criticising Chairman Justice (R) Javed Iqbal and Gen (R) Nadeem ‘for being soft on certain institutions (including Save the Children).’
  • The Commission could not issue the report with that note and therefore now they are working on developing counter arguments on the note, read the email. The Commission needs to have a lot of comments removed from the note before it is in a shape that allows the report to be shared, the email continues, otherwise it can jeopardize the integrity of the members of the Commission. Justice (R) Javed Iqbal and Gen (R) Nadeem ‘have to work extra hard to factually prove a lot of things wrong that this third member is referring to,’ read the email of deputy country director. The email then explained the position of the fourth member, Abbas Ali Khan, absent from discussion. He is not willing to sign the report in the current shape, reads Hassan’s email, but also does not want to put in a note of dissent and therefore continues to prolong his stay in the US where he went on the pretext of treatment. As a way forward, the email continues, the two members will work with the third member (Ashraf Qazi) and try to come to a point where the note is significantly reduced and numbers of comments are taken out of the report. Gen (R) Nadeem’s advisory role of the NGO: The email also brings to light his role as adviser to the NGO. To a question that what Save the Children should do, Nadeem advised the deputy country director to build relationship and confidence with the Ministry of Interior and Economic Affairs Division. “It would take few months for you to be back to complete normalcy,” Gen (R) Nadeem advised.
  • In another email generated on August 29, 2012, David Wright, the country director, wrote that ‘on my instructions Hassan asked Gen (R) Nadeem to give an honest assessment as to what he thinks our chances are of surviving this.’ Gen (R) Nadeem replied that he felt confident regarding the answers we (NGO) will give to the questions proposed, ‘he could convince the other commission members to go with the fact rather than the content of Afridi’s statement.’ Gen (R) Nadeem also advised to fight the expulsion of our expatriates, Wrights email continued. “He felt if we did not do this and the expats left, the ISI would then move quickly to close down the country programme before the Commission report comes out.” Report draft shared with the NGO: Wright’s another email indicates that the draft was shared more than once with the NGO. Referring to a meeting of two senior officers of Save the Children with Gen (R) Nadeem, the country director said they were shown the report written by the Chairman of the Commission. The email said there were four versions of the report in June 2012 and these were reduced to two in August that year. However, they have reservations about the latest version shared in August as ‘the report which was originally thought to be our saviour, will be the tool for this expulsion.’ We will do our best, the email reads, to work ‘with our friends and try and get our responses in before the report is finalised.’ SOURCE: THE NEWS Record shows Abbottabad Commission was penetrated by CIA - thenews.com.pk
Gary Edwards

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

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    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

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

  • 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.
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    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
Gary Edwards

"War is a Racket" by General Smedly Butler - 1 views

  • by MAJOR GENERAL SMEDLEY D. BUTLER, USMC - Retired TWO-TIME Congressional Medal of Honor Recipient FULL TEXT ON LINE FREE
  • GET THE NEW PAPERBACK EDITION including two bonus titles.
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    An accidental find, the full text online of USMC Maj. Gen. Smedley Butler's 1935 book, War Is a Racket. Butler served in the Marine Corps from 1899 to 1931 and at the time of his retirement was the most-decorated Marine in history, for both valor and accomplishments. Following his retirement, he became a vehement anti-war activist and public speaker.  This book is easily his most-cited and most-quoted published work. You can capture the flavor from an article he published in a magazine that included the following lines: "I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents." http://en.wikipedia.org/wiki/Smedley_Butler#Lectures  I look forward to reading this book. The book was reprinted in 2003 and is available from the linked web site, together with two bonus titles. 
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    "WAR IS A RACKET" - free online book CHAPTER ONE WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes. In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows. How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle? Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few - the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill. And what is this bill? This bill renders a horrible accounting. Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations. For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it. Now that I see the international war clouds g
Paul Merrell

UN officials accused of bowing to Israeli pressure over children's rights list | World ... - 0 views

  • Senior UN officials in Jerusalem have been accused of caving in to Israeli pressure to abandon moves to include the state’s armed forces on a UN list of serious violators of children’s rights. UN officials backed away from recommending that the Israel Defence Forces (IDF) be included on the list following telephone calls from senior Israeli officials. The Israelis allegedly warned of serious consequences if a meeting of UN agencies and NGOs based in Jerusalem to ratify the recommendation went ahead. Within hours, the meeting was cancelled. “Top officials have buckled under political pressure,” said a UN source. “As a result, a clear message has been given that Israel will not be listed.”
  • Organisations pressing for the IDF’s inclusion on the list since the war in Gaza last summer – which left more than 500 children dead and more than 3,300 injured – include Save the Children and War Child as well as at least a dozen Palestinian human rights organisations, the Israeli rights organisation B’Tselem and UN bodies such as the children’s agency Unicef. “These organisations are in uproar over what has happened,” said the UN source
  • The IDF’s inclusion on the UN’s list of grave violators of children’s rights would place it alongside non-state armed forces such as Islamic State, Boko Haram and the Taliban. There are no other state armies on the list. It would propel Israel further towards pariah status within international bodies and could lead to UN sanctions.
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  • Although Jerusalem-based officials cancelled the meeting – and subsequently decided not to recommend the IDF’s inclusion on the list – the UN complained to Israel over the intimidation of its staff. Susana Malcorra – a high-ranking official in the New York office of the UN secretary general, Ban Ki-moon – raised the issue in a private letter to Israel’s ambassador to the UN, Ron Prosor. The UN in New York said it could not comment on leaked documents. The telephone calls were made to June Kunugi, Unicef’s special representative to Palestine and Israel, on 12 February, the night before a meeting to decide whether to recommend the IDF’s inclusion on the list. One call was from a senior figure in Cogat, the Israeli government body that coordinates between the IDF, the Palestinian Authority and the international community; the other was made by an official in Israel’s foreign ministry.
  • ccording to UN and NGO sources, Kunugi was advised to cancel the meeting or face serious consequences. However, Israeli sources described the telephone conversations as friendly and courteous attempts to persuade Kunugi to delay the working group’s decision on its recommendation regarding the IDF until Israel had been allowed to present its case on the issue. At 8.54am the next morning, an email was sent on behalf of James Rawley, a senior official with UNSCO (the office of the UN special coordinator for the Middle East peace process) who had called the meeting, to participants. It said: “Please be informed that today’s meeting scheduled at 13:00hrs has been postponed. Sincere apologies for the inconvenience this may have caused.” A joint statement to the Guardian from Kunugi and Rawley said the “strictly confidential process” of determining inclusion on the list was still ongoing and was the “prerogative of the UN secretary general, and it rests with him alone”. The UN in Jerusalem was unable to comment on the process, it added, but the submission from Jerusalem to New York was “based on verified facts, not influenced by any member state or other entity”.
  • Unicef has called a fresh meeting to update UN and NGO officials in Jerusalem on Thursday. The decision on which state and non-state armed forces are to be included on the list will be taken by UN chiefs in New York next month. However, according to the UN source, “a political decision has already been taken not to include Israel”.
  • A separate source told the Guardian: “The UN caved to Israel’s political pressure and took a highly contentious step to shelter Israel from accountability.” The list of violators of children’s rights is contained in the annex of the annual report of the secretary general on children and armed conflict. A “monitoring and reporting mechanism”, established by a UN security council resolution, supplies information on grave violations of children’s rights, such as killing and maiming, recruitment of minors into armed forces, attacks on schools, rape, abduction, and denial of humanitarian access to children. The secretary general is required to list armed forces or armed groups responsible for such actions. Following last summer’s seven-week war in Gaza, a number of UN agencies and NGOs met to consider whether to recommend the IDF’s inclusion on the list. According to insiders, participants “agreed there is a strong and credible case to recommend listing”.
  • A 13-page internal Unicef paper seen by the Guardian examined the case for the IDF to be listed on the basis of its actions in last summer’s war in Gaza, including the killing and injuring of children, and “targeted and indiscriminate” attacks on schools and hospitals. Several of the working group’s participants wrote to the UN secretary general to urge the inclusion of the IDF on the list. A letter sent in December by Defence for Children International (Palestine) said: “There is ample evidence to demonstrate that Israel’s armed forces have committed acts that amount to the grave violations against children during armed conflict, as defined by UN security council resolutions, including killing or maiming children and attacks against schools and hospitals.” The Israeli ministry of foreign affairs and Cogat declined to answer specific questions about the phone calls to Kunugi, but said in a joint statement: “Israel has a good working relationship with Unicef and the United Nations in general. Israel has no desire to get into a slanging match with anti-Israel elements nor to submit to their intimidations.”
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    More information, including that Palestine Civil Society has requested that U.N. Secretary General Ban Ki Moon to discharge two U.N. officials involved becuase of this issue and because of signifificant delays that work to Israel's advantage in reconstruction of Gaza following Israel's assault last summer. http://electronicintifada.net/blogs/ali-abunimah/un-providing-israel-cover-killing-gazas-children
Gary Edwards

Of Bailouts, Bonuses, and Generational Responsibility from The Daily Bail - 0 views

  • When one transfers the learned behavior of selfishness to the world of economics, it is east to see how we got to the world of adjustable rate mortgages, thirty-to-one leverage, credit default swaps, and thirty year hedge fund workers acting as is million dollar paychecks was an otherwise normal entitlement.  If it felt good, it was therefore right – and by all means, don’t rock the boat.  And what we are witnessing today in Washington and Wall Street in response to our economic crisis is nothing but a conscious and willing decision to pass off to the next generation the cost of our mistakes.
  • the fundamental principles of capitalism – namely that bad actors need to fail.
  • First and most foremost, the Congress needs to institute a modernized version of Glass-Stegall and separate commercial banking from investment banking activities. What we have seen in the abolishment Glass-Stegall (please thank Mr. Rubin formerly of Goldman Sachs) is the creation of federally subsidize casinos masquerading as publicly traded financial institutions.  They kept profits from over-leveraged bets and were kind enough to pass their losses onto the taxpayers.  Second, Congress needs to repeal legislation (Gramm-Leach) that allowed financial institutions not only to leverage in ways previously not permitted, but which also granted banks and financial situations exemption from federal gambling laws. Third, and this is where moral outrage hits home to those on Wall Street, we cannot live in a country in which any company is allowed to manipulate the levers of government in such a way as to make itself obscenely rich at the expense of the public.
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  • We saw as we proceeded through life that pursuing one’s self-interest was rewarded just as often than doing what was right, that morals were relative, and that there would be no consequences to bad behavior. It became de rigueur to assume that our parents (and their lawyers) would save us from our bad behavior.
  • no consequences to irresponsible behavior.
  • it is hard to avoid the reality that my generation, the baby boomers who are now approaching retirement, have caused the greatest collapse of the world economy since the 1930s, and in the process damaged this country in ways we are now only beginning to understand.
  • Goldman is only the largest corporate contributor to the Obama administration
  • Looking back more eighteen months after the first signs of distress in our economy appeared, it seems that leaders in Congress and Wall Street have erred in a manner never before witnessed in this nation.  In the process, they have conspired through their collective arrogance, greed, and ignorance to damage the economy of the country (if not the world), make many themselves rich beyond the imaginations of most Americans, and in the process commit the greatest financial rape of the American public in the history of the country.  And if that does resonate, then either you have not been paying attention for the past two years, or you have received your paycheck form Goldman Sachs.
  • Capitalism remains the best economic system on the planet, but when those who have profited handsomely seek to socialize losses caused by their errors, then those in power in Washington have a moral responsibility to demand an accounting.  Our anger comes from the fact that our leaders have failed in their public obligations at the expense of the interests on Wall Street, and in the process created the greatest social divide that this country has seen in the past 40 years.
  • our nation has one of the highest ratios of debt to GDP on the globe
  • Finally, the administration should demand (I know it won’t) that Goldman Sachs return the approximately $13 billion it received in backdoor payments through AIG when AIG received $180 billion in bailout money. That $13 billion belongs to the taxpayers of this country, and the decision to allow Goldman to receive that money perhaps stands as the greatest moral outrage of this entire sordid affair.  
  • he nation will not die; to the contrary, it would become stronger if we permit free markets to work, and allow the next-generation to live unburdened by our mistakes and arrogance.
  • The proposal in question was Ryan's "Roadmap for America's Future," a sweeping plan to stave off the nation's looming economic and fiscal collapse by changing the tax code, overhauling the health care system, and reforming the nation's major entitlement programs. Its debt-reducing claims aren't based on mere fantasy -- the Congressional Budget Office has determined that the plan would boost economic growth while making Medicare and Social Security solvent. And it accomplishes these aims without raising taxes or affecting the benefits of current retirees.
  • There's no doubt where the Treasury will turn for finance. We are about to see the greatest stuffing of banks with government securities the world has ever seen. American banks will be forced to gorge on Treasury securities, and disgorge bank reserves. Where else can the government get the next trillion to spend on things like wars, unemployment benefits, and food stamps?There are a few obvious things to think about here. At the rate of $120 billion a month, it will only take about nine months to blow through over a trillion dollars in free bank reserves. Each Treasury auction will find it more difficult to sell all of the treasury securities, and it will take rising interest rates to coax out even more reserves from the banks. (When you need to borrow over $4 billion a day, even a trillion dollars doesn't last long.)
  •  
    Wow!  This is the best response to the financial collapse i have read to date.  Exceptional in clarity, but written with a tone of mixed sorrow and shame.  Mr. Gallow places the blame exactly where it should be placed.  It's a generational thing with one exception Mr. Gallow overlooks - the Obama margin of victory was very much due to the massive turnout and votes of post baby boomer generations.  We boomers may have created and caused the financial collapse and destruction of America, but they were dumb enough to put the decline of capitalism and ordered liberty on marxist steroids. excerpt:  .... this is the first time that I have been so angered by incompetence and greed in government and Wall Street to express publicly my own thoughts.  In simple terms, what has dawned on me is that my generation, the "Baby Boomers" between the ages of 45 and 65, has emerged not as not the most significant or talented generation in our history (as we thought we were), but rather as the most self-absorbed and reckless. Because ours will be the first generation in the history of this country to leave to its successors a nation in worse shape than that which it inherited; put differently, we will be the first generation in this nation to have taken from our parents and stolen from our children. .. it is hard to avoid the reality that my generation, the baby boomers who are now approaching retirement, have caused the greatest collapse of the world economy since the 1930s, and in the process damaged this country in ways we are now only beginning to understand. ... Looking back more eighteen months after the first signs of distress in our economy appeared, it seems that leaders in Congress and Wall Street have erred in a manner never before witnessed in this nation.  In the process, they have conspired through their collective arrogance, greed, and ignorance to damage the economy of the country (if not the world), make many themselves rich beyond the imaginations of mo
Gary Edwards

The Daily Bell - America's Coming Crackup - 0 views

  • Our government bankers print money today like loons in an asylum spew absurdity. Glib media shills lure us every night into a disgraceful indolence. And our corporations lust like spoiled children after mega-billions of illicit lucre. Cataclysm is coming. No one with a minimal awareness of history, politics and proper economics today has faith that our society can continue much longer at its present level of government privilege and debt accumulation. There is a Grand Piper that must be paid, and he will manifest in any number of scenarios, none of which will be pleasant. One thing is for sure: The next two decades are going to be tumultuous and tragic. The events that unfold will be far more radical than we dare envision today. Paradigms in banking, politics and philosophy will be overturned. Wrenching lifestyle shifts will be forced upon millions. Something akin to what happened in the Soviet Union after the fall of communism in 1991 will take place in America. Our ruling regime will collapse and bring Russian-style economic hardship to us all. How exactly things unfold will depend upon whether the nation's intelligentsia bring themselves to seriously question the shams of statism, or whether the government-media-academy triad is able to continue bamboozling them. What is extremely unnerving is that whoever wins this battle to control the destiny of our country will determine the fate of freedom on the planet for hundreds, perhaps thousands of years. A monumental clash of ideology and propriety looms up ahead.
  • Why We Are Disintegrating as a Society
  • America's dilemma is this: We are being propelled toward an Orwellian style despotism that's purpose is to centralize government power in Washington, phase out American sovereignty and move our country as much as possible into subordination to the United Nations and eventually alignment with Canada, Mexico and Central America into a regional government. The world is moving toward the nightmare of Oceana, Eurasia and East Asia in Orwell's Nineteen Eighty-Four, which will extinguish freedom and merge mankind into a tyrannical egalitarianism. Why is this happening? Such is the influential force of ideology. We are being destroyed because of what historian Clarence Carson called a "collectivist curvature of the mind" that took over our intellectuals back in the early twentieth century. This curvature of the mind functions as the grand fueling mechanism for the goals of government centralization and ending our national sovereignty. It's horrifying, but every year our schools form the "best and the brightest minds" into collectivist apparatchiks to go out in the world and work their way into the power centers of society. The schools do this via false teachings in philosophy, economics, political science and history. This "ideological indoctrination" teaches every new generation that capitalism is an evil, exploitative, racist, warmongering system and must be phased out of modern societies. It teaches that national sovereignty is anachronistic and must be given up. Such indoctrination is being done very subtly and sophisticatedly, but it is a powerful, pervasive theme instilled into all our children from the first grade on.
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  • This is why we have so many bankers, corporate moguls, political statesmen, authors, pundits, artists, publishers and priests working today to undercut the country. Being "the best and the brightest," they were taught in their youth that capitalist America is an evil nation. They, thus, have gone out and risen to positions of power with a globalist worldview that believes economic freedom can't work in the modern day, that American sovereignty is an anachronism belonging to the nineteenth century. Since they are the nation's intelligentsia, they are immensely influential. Their socialist-collectivist worldview is spread to the masses which then elect legislators sympathetic to such irrationality to Congress and the White House.
  • Every one of us has to choose whether we will try to make a difference or give in to indifference. Will we fight to inform our neighbors or succumb to the easy road of apathy? Will we opt for principle or popularity? Will we succumb to the statist thugs on the far left, or fall for the anarchic screwballs on the far right? The "mean" of constitutional sanity beckons to the percipient among us. Will it survive the tumult ahead?
  • All quite clear and horrifying. But how are we, as mere laymen with no access to national media or huge fortunes, to confront this destruction of freedom and sanity in America and throughout the West?
  • We must take a page from the story of the old man and the starfish. After a huge storm had brought a mini-tidal wave to his beach community one night, there were tens of thousands of starfish washed up on the shore that next morning. Amidst the masses of starfish the old man could be seen patiently picking them up and tossing them back into the sea. Along came a young lad in his twenties with green hair, eyebrow rings and a scornful face. He started laughing and mocked the old man with cynical derision. "You have to be crazy, old timer. You can't possibly save those starfish; there's thousands of them. You're wasting your time, you fool. YOU CAN'T MAKE A DIFFERENCE!" The old man looked up at the insolent youth and smiled. He then reached down and picked up one of the struggling starfish and winged it far out into the water, replying to his tormentor, "Made a difference with that one, didn't I?"
  • Making a Difference
  • A Diplomatic Nuisance
  • Not everyone, naturally, has the time and mental wherewithal to forcefully fight the "ideological indoctrination" destroying our country today. But many of us do. Our power lies in our minds and the strength of our personalities. We who possess this inner strength feel compelled to spread the word in any way we can for as long as we live. We feel compelled to wing as many starfish back to life as we can. The apathetic and cynical will scorn all this as senseless, just as the green-haired youth did. They will choose to remain wards of the state and sanction their enslavers. This has always been the nature of most humans. When such wards see others fighting valiantly against seemingly insurmountable odds for the freedom they have scorned, they are subconsciously humiliated because they are not deep in the thick of the fight themselves. They have chosen to avoid the fight and sanction the tyrants who are destroying our way of life. Thus, they must find a way to salve their consciences. That way is to caustically mock the Davids who go up against the Goliaths, to smear the Rolands of Roncesvalles that history hands down to us as heroic exemplars.
  • You the reader have a paramount decision to make regarding all this. It is High Noon for the cause of freedom. Will you fight with the heroic exemplars? If you choose to fight, then your first necessity is to become aware of WHAT is happening and WHY it is happening. That awareness can only be found via fervent curiosity and a commitment to the study of libertarian and conservative literature.
  • Your second duty is to emulate Paul Revere and warn all those in your sphere of influence. You do this by making a diplomatic nuisance of yourself, by pleasantly pestering your comrades to wake up to the elite's usurpations growing by leaps and bounds in our lives. You do it by convincing them that there are grander values in life than shiny new SUVs and country club memberships. There is something called the American way of life that requires personal independence.
  • Time is short. Collectivism steals over us like crack cocaine filters into a ghetto. It devastates everything of worth in its path. All the stoic traditions of strength, all the great lessons of logic, all the revered truths of Nature that have been handed down to us throughout the centuries are being assailed. The weasel-tyrants and their unctuous lackeys have gained control of the intellectual, political and banking power centers of our country, but they can't control the ultimate factor – the truth – because they can't control our minds unless we let them. They can't prohibit defiance. Solzhenitsyn showed us this. They can't extend their enslavement UNLESS WE SANCTION IT!
  • What the elites fear is a populace with the strength of William Wallace fighting King Edward at Sterling Bridge in 1297, the daring of Washington's band crossing the Delaware in the dead of winter. They fear those willing to fight for the original America. Up against such heady citizens, our collectivist tyrants will scatter like feeding jackals in face of approaching hunters. Our job is to build an army of such heady citizens. You can help by joining the cause. Read the books of freedom and sound money, and pass them on as the early Americans did with Common Sense. Bring people to the website where you are reading this essay. Bring them to AFR's website. Bring them to a state of urgency. Bring them to the truth of our Constitution and to the laws of Nature and Nature's God. Nothing other than this kind of effort will suffice. You cannot help truth and freedom by watching moronic TV shows at night. That is how the elites control you. They flood the airwaves with mindless entertainment. It's today's version of Brave New World's "soma for the masses." Today's TV is for zombies and dullards. The same applies to our movies. Next time you're in the theater, look around you at all the hoi polloi stuffing their faces with popcorn and their psyches with over-the top-violence and trashy sex.
  • Aldous Huxley was the first to point out that modern totalitarian regimes leave the "activities of sex" alone, but regiment the "activities of production." This allows those who are servile to think they are still free as they vote away their REAL freedom – their freedom to acquire and keep wealth, to associate with whom they please, to speak and worship as they please. Look around you. There are far more servile people in this human race than there are independent people. This is the reason why dictatorships dominate the history of man; the majority of humans want to be ruled. They want to relinquish their meaningful freedom; it requires too much self-assurance and grit.
  • Logic and History
  • The cause of America is the cause of REAL freedom. It won't be found with the malefic forces of statism on the left, nor with the eccentric cults of anarchism on the right. Both are living death, a fool's game for those devoid of the capacity to see the big picture, i.e., to see that the spectrum of reality is not two-poled, but three-poled with multifarious gradations and a golden mean of truth in between. The nature of human existence is complexity, wrapped up in mystery, contained in inconceivability, subsumed under the power of Truth. We will never create a free society by denying this and ignoring the results of logic and the record of history. This is what statists and anarchists do. REAL freedom is impossible without a grasp of logic and a deep knowledge of history, which teach us that the cornerstones of freedom are equal rights, strictly limited government, gold money and self-reliant people. The statists violate logic and ignore history because they are callous brutes who place power above all and simply don't care. The anarchists violate logic and ignore history because logic and history show their political system to be unworkable.
  • The truths we learn from logic and history are the disinfectants we must hurl into Washington's swamp of political leeches that are sucking all verity from our lives. When the Washington leeches have so stultified our nation that ghastly ruin prevails throughout, then is when the crackup will commence. All readers should take note. A meltdown is coming; a revolution will follow. We must make sure this revolution goes in the direction of the Founding Fathers, not in the direction of the statist left, nor in the direction of the anarchistic right. Statism and anarchism are like the AIDS virus; they will always be deadly to life. It is to Aristotle, Locke and Jefferson that we must turn. They will always be sustaining to life.
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    Wow, if this article isn't a MUST READ, then nothing is. Spot on call-to-arms. "Nelson Hultberg is a freelance scholar/writer in Dallas, Texas and the Director of Americans for a Free Republic. Nelson's articles have appeared in such publications as American Conservative, Insight, Liberty, The Freeman and The Dallas Morning News, as well as on numerous Internet sites. He is the author of The Golden Mean: Libertarian Politics, Conservative Values. Email: NelsHultberg (at) aol.com."
Paul Merrell

Leaked email: Save the Children trying to "contain" damage from Tony Blair award | The ... - 0 views

  • Save the Children is trying to tamp down coverage and “contain” the damage from the award given to former UK prime minister Tony Blair by its US arm. A leaked internal email to staff from the international charity’s chief executive Jasmine Whitbread does not indicate, however, that the charity intends to withdraw the “Global Legacy Award” Blair received at a glittering New York gala on 19 November. On Tuesday, The Guardian reported that Save the Children staff were in revolt over the award. “We consider this award inappropriate and a betrayal to Save the Children’s founding principles and values,” more than 200 of the charity’s staff wrote in an internal protest letter sent to management.
  • Blair is widely reviled for his role in the 2003 US-led invasion of Iraq, which cost hundreds of thousands of lives and left the country devastated. Since stepping down as UK prime minister in 2007, Blair has become notorious for reaping millions in shady deals with shady regimes including the Egyptian dictatorship. He has also been accused of using his role as envoy for the so-called Middle East Quartet as a means to gain access to powerful people to advance his private business interests. More than 110,000 people have signed an online petition calling on Save the Children to revoke the award to Blair.
Paul Merrell

Secret Docs Reveal Dubious Details of Targeted Killings in Afghanistan - SPIEGEL ONLINE - 0 views

  • Combat operations in Afghanistan may be coming to an end, but a look at secret NATO documents reveals that the US and the UK were far less scrupulous in choosing targets for killing than previously believed. Drug dealers were also on the lists.
  • The child and his father are two of the many victims of the dirty secret operations that NATO conducted for years in Afghanistan. Their fate is described in secret documents to which SPIEGEL was given access. Some of the documents concerning the International Security Assistance Force (ISAF) and the NSA and GCHQ intelligence services are from the archive of whistleblower Edward Snowden. Included is the first known complete list of the Western alliance's "targeted killings" in Afghanistan. The documents show that the deadly missions were not just viewed as a last resort to prevent attacks, but were in fact part of everyday life in the guerilla war in Afghanistan. The list, which included up to 750 people at times, proves for the first time that NATO didn't just target the Taliban leadership, but also eliminated mid- and lower-level members of the group on a large scale. Some Afghans were only on the list because, as drug dealers, they were allegedly supporting the insurgents.
  • Different rules apply in war than in fighting crime in times of peace. But for years the West tied its campaign in Afghanistan to the promise that it was fighting for different values there. A democracy that kills its enemies on the basis of nothing but suspicion squanders its claim to moral superiority, making itself complicit instead. This lesson from Afghanistan also applies to the conflicts in Syria, Iraq, Pakistan and Yemen. The material SPIEGEL was able to review is from 2009 to 2011, and falls within the term of US President Barack Obama, who was inaugurated in January 2009. For Obama, Afghanistan was the "good" war and therefore legitimate -- in contrast to the Iraq war. The president wanted to end the engagement in Iraq as quickly as possible, but in Afghanistan his aim was to win.
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  • After Obama assumed office, the US government opted for a new strategy. In June 2009, then Defense Secretary Robert Gates installed Stanley McChrystal, a four-star general who had served in Iraq, as commander of US forces in Afghanistan. McChrystal promoted the aggressive pursuit of the Taliban. Obama sent 33,000 additional troops to Afghanistan, but their deployment was tied to a demand that military officials provide a binding date for the withdrawal of US forces. At the same time, the president distanced himself from the grand objectives the West had proclaimed when it first marched into Kabul. The United States would not try to make Afghanistan "a perfect place," said Obama. Its new main objective was to fight the insurgency.
  • This marked the beginning of one of the bloodiest phases of the war. Some 2,412 civilians died in Afghanistan in 2009. Two-thirds of them were killed by insurgents and 25 percent by NATO troops and Afghan security forces. The number of operations against the Taliban rose sharply, to between 10 and 15 a night. The operations were based on the lists maintained by the CIA and NATO -- Obama's lists. The White House dubbed the strategy "escalate and exit." McChrystal's successor, General David Petraeus, documented the strategy in "Field Manual 3-24" on fighting insurgencies, which remains a standard work today. Petraeus outlined three stages in fighting guerilla organizations like the Taliban. The first was a cleansing phase, in which the enemy leadership is weakened. After that, local forces were to regain control of the captured areas. The third phase was focused on reconstruction. Behind closed doors, Petraeus and his staff explained exactly what was meant by "cleansing." German politicians recall something that Michael T. Flynn, the head of ISAF intelligence in Afghanistan, once said during a briefing: "The only good Talib is a dead Talib."
  • Under Petraeus, a merciless campaign began to hunt down the so-called shadow governors and local supporters aligned with the Islamists. For the Americans, the fact that the operations often ended in killings was seen as a success. In August 2010, Petraeus proudly told diplomats in Kabul that he had noticed a shifting trend. The figures he presented as evidence made some of the ambassadors feel uneasy. At least 365 insurgent commanders, Petraeus explained, had been neutralized in the last three months, for an average of about four killings a day. The existence of documents relating to the so-called Joint Prioritized Effects List (JPEL) has only been described in vague terms until now. The missions by US special units are mentioned but not discussed in detail in the US Army Afghanistan war logs published by WikiLeaks in 2010, together with the New York Times, the Guardian and SPIEGEL. The documents that have now become accessible provide, for the first time, a systematic view of the targeted killings. They outline the criteria used to determine who was placed on the list and why.
  • According to the NSA document, in October 2008 the NATO defense ministers made the momentous decision that drug networks would now be "legitimate targets" for ISAF troops. "Narcotics traffickers were added to the Joint Prioritized Effects List (JPEL) list for the first time," the report reads. In the opinion of American commanders like Bantz John Craddock, there was no need to prove that drug money was being funneled to the Taliban to declare farmers, couriers and dealers as legitimate targets of NATO strikes.
  • The document also reveals how vague the basis for deadly operations apparently was. In the voice recognition procedure, it was sufficient if a suspect identified himself by name once during the monitored conversation. Within the next 24 hours, this voice recognition was treated as "positive target identification" and, therefore, as legitimate grounds for an airstrike. This greatly increased the risk of civilian casualties. Probably one of the most controversial decisions by NATO in Afghanistan is the expansion of these operations to include drug dealers. According to an NSA document, the United Nations estimated that the Taliban was earning $300 million a year through the drug trade. The insurgents, the document continues, "could not be defeated without disrupting the drug trade."
  • When an operation could potentially result in civilian casualties, ISAF headquarters in Kabul had to be involved. "The rule of thumb was that when there was estimated collateral damage of up to 10 civilians, the ISAF commander in Kabul was to decide whether the risk was justifiable," says an ISAF officer who worked with the lists for years. If more potential civilian casualties were anticipated, the decision was left up to the relevant NATO headquarters office. Bodyguards, drivers and male attendants were viewed as enemy combatants, whether or not they actually were. Only women, children and the elderly were treated as civilians. Even officers who were involved in the program admit that these guidelines were cynical. If a Taliban fighter was repeatedly involved in deadly attacks, a "weighing of interests" was performed. The military officials would then calculate how many human lives could be saved by the "kill," and how many civilians would potentially be killed in an airstrike.
  • In early 2009, Craddock, NATO's Supreme Allied Commander for Europe at the time, issued an order to expand the targeted killings of Taliban officials to drug producers. This led to heated discussions within NATO. German NATO General Egon Ramms declared the order "illegal" and a violation of international law. The power struggle within NATO finally led to a modification of Craddock's directive: Targets related to the drug production at least had to be investigated as individual cases. The top-secret dossier could be highly damaging to the German government. For years, German authorities have turned over the mobile phone numbers of German extremists in Afghanistan to the United States. At the same time, the German officials claimed that homing in on mobile phone signals was far too imprecise for targeted killings. This is apparently an untenable argument. According to the 2010 document, both Eurofighters and drones had "the ability to geolocate a known GSM handset." In other words, active mobile phones could serve as tracking devices for the special units.
  • The classified documents could now have legal repercussions. The human rights organization Reprieve is weighing legal action against the British government. Reprieve believes it is especially relevant that the lists include Pakistanis who were located in Pakistan. "The British government has repeatedly stated that it is not pursuing targets in Pakistan and not doing air strikes on Pakistani territory," says Reprieve attorney Jennifer Gibson. The documents, she notes, also show that the "war on terror" was virtually conflated with the "war on drugs." "This is both new and extremely legally troubling," says Gibson.
  • A 2009 CIA study that addresses targeted killings of senior enemy officials worldwide reaches a bitter conclusion. Because of the Taliban's centralized but flexible leadership, as well as its egalitarian tribal structures, the targeted killings were only moderately successful in Afghanistan. "Morover, the Taliban has a high overall ability to replace lost leaders," the study finds.
Gary Edwards

I Am a Peaceful AR-15 Assault Rifle Owner by Marc J. Victor - 0 views

  • "Firearms stand next in importance to the constitution itself. They are the American people's liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurances and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference – they deserve a place of honor with all that's good." ~ George Washington
  • I am an American. As such, none of my rights depend on a showing of need. I am a free man who has the right to define and pursue my happiness in any peaceful way I see fit. The government does not grant me rights. I was born free. The legitimate role of government is to act as my agent to protect my rights; which exist independent of government. Americans do not beg the government for rights nor are they required to demonstrate a "need" for rights.
  • Government never has a more tempting opportunity to increase its size, power and scope, and to curtail the liberties of free people, than during or immediately after a crisis. Indeed, crisis is so tempting an opportunity for government that governments invent crisis whenever possible. This is why "emergency acts" and "wars" on anyone and anything are so popular for governments. Nothing entices people to stop thinking, act impulsively, and to relinquish liberties so easily as a "crisis" or a "tragedy" or an "emergency." We need to be smarter if liberty is to survive.
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  • Banning Guns is Un-American and Immoral "And that the said Constitution be never construed to authorize Congress to infringe the just liberty of the Press, or the rights of Conscience; or to prevent the people of the United States, who are peaceable citizens, from keeping their own arms; …" ~ Samuel Adams
  • The Idea of Banning Guns is Foolishness "They that give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." ~ Ben Franklin
  • The single biggest contributing factor to our culture of violence is that our society no longer adheres to the once basic notion that initiating force against non-aggressors is wrong
  • Although President Obama appears excited about the notion of banning guns, I have not heard him order a ban on the very guns used to protect him. Apparently, when it comes to his protection, President Obama prefers to be protected by people armed with guns. Indeed, I suspect none of these gun ban advocates would hesitate to call 911 and request help from people armed with guns if they were faced with an intruder in their homes in the middle of the night. I fail to understand why we can’t all agree that guns save lives.
  • Our Culture of Violence
  • "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!" ~ Benjamin Franklin
  • Gun Regulations Never Reduce Gun Violence and Usually Increase Violent Crime "The constitutions of most of our States assert that all power is inherent in the people; that … it is their right and duty to be at all times armed; … " ~ Thomas Jefferson
  • Our laws are replete with instances of legal trespass against peaceful people.
  • I prefer that my children are no longer unprotected sitting ducks at a federally mandated gun free zone in school.
  • We no longer recognize the sovereignty of the individual.
  • democracy is akin to mob rule.
  • Our spending on the drug war will soon be approaching 100 billion dollars per year.
  • Not only do guns remain widely available in Mexico, but their gun related homicide rate outpaces ours. The same can be said of all these drug war countries.
  • Mexico has some of the strictest gun control laws in the world. Its laws effectively prohibit gun ownership.
  • Rather than living in a democratic republic where most decisions are left to the property owner, we now have an unfettered democracy where anything goes so long as the majority of voters agree
  • "To preserve liberty, it is essential that the whole body of the people always possess arms and be taught alike, especially when young, how to use them." ~ Richard Henry Lee
  • Indeed, this law may have encouraged Mr. Lanza to work his horrific violence at the Sandy Hook Elementary School knowing federal law provides that nobody could have the capacity to stop him.
  • One unintended consequence of this federal law has been to create a guaranteed victim zone, comprised of children, who are unprotected sitting ducks for any deranged lunatic such as Mr. Lanza.
  • Our culture of violence is more directly attributable to anti-freedom government policies which diminish and disrespect the rights of the individual.
  • Here is a short list of some notable examples compiled by the Libertarian Party:
  • A 1997 high school shooting in Pearl, Mississippi was halted by the school's vice principal after he retrieved the Colt .45 he kept in his truck. A 1998 middle school shooting ended when a man living next door heard gunfire and apprehended the shooter with his shotgun. A 2002 terrorist attack at an Israeli school was quickly stopped by an armed teacher and a school guard. A 2002 law school shooting in Grundy, Virginia came to an abrupt conclusion when students carrying firearms confronted the shooter. A 2007 mall shooting in Ogden, Utah ended when an armed off-duty police officer intervened. A 2009 workplace shooting in Houston, Texas was halted by two co-workers who carried concealed handguns. A 2012 church shooting in Aurora, Colorado was stopped by a member of the congregation carrying a gun. At the recent mall shooting in Portland, Oregon the gunman took his own life minutes after being confronted by a shopper carrying a concealed weapon.
  • Three Reasons Americans Have a Right to Own Guns "Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? Where is the difference between having our arms in possession and under our direction and having them under the management of Congress? If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?" ~ Patrick Henry
  • First, free people have a right to self defense.
  • The second reason for a right to keep and bear arms is to deter possible foreign invasions.
  • The founders of our nation believed people must always preserve their right to resistance and revolution against their own government. "And what country can preserve its liberties, if its rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms....The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants." ~ Thomas Jefferson.
  • Japanese Admiral Isoroku Yamamoto
  • The third reason for a right to keep and bear arms is, as Thomas Jefferson stated, "The strongest reason for people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."
  • "When the people fear the government, there is tyranny. When the government fears the people, there is liberty."
  • "You cannot invade the mainland United States. There would be a rifle behind every blade of grass"
  • In the 20th century alone, the death toll resulting from governments murdering their own disarmed citizens after guns were legally banned is estimated at 56 million.
  • "If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen." ~ Samuel Adams
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    Excellent article on the importance of gun ownership in America.  The author is a defense attorney practicing law in Arizona.  He's also a war veteran and well versed libertarian.   Excerpts: "I am an American. As such, none of my rights depend on a showing of need. I am a free man who has the right to define and pursue my happiness in any peaceful way I see fit. The government does not grant me rights. I was born free. The legitimate role of government is to act as my agent to protect my rights; which exist independent of government. Americans do not beg the government for rights nor are they required to demonstrate a "need" for rights." "Government never has a more tempting opportunity to increase its size, power and scope, and to curtail the liberties of free people, than during or immediately after a crisis. Indeed, crisis is so tempting an opportunity for government that governments invent crisis whenever possible. This is why "emergency acts" and "wars" on anyone and anything are so popular for governments. Nothing entices people to stop thinking, act impulsively, and to relinquish liberties so easily as a "crisis" or a "tragedy" or an "emergency." We need to be smarter if liberty is to survive." "Although President Obama appears excited about the notion of banning guns, I have not heard him order a ban on the very guns used to protect him. Apparently, when it comes to his protection, President Obama prefers to be protected by people armed with guns. "
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    Excellent article other than the fact that the author erred in referring to the AR-15 as an "assault rifle." It is not. It is an "assault weapon," a semi-automatic rifle with only a cosmetic resemblance to the M-16 fully automatic "assault rifle." "Assault rifles" have been outlawed in the U.S. for decades. The U.S. had a complete ban on "assault weapon" rifles from 1994 to 2004. It did not affect gun violence rates at all, because semi-automatic rifles that lacked the cosmetic resemblance to "assault rifles" remained on the market. The distinction between the two terms is critical to understanding the current gun debate. Those who propose a ban on "assault weapons" are offering only a cosmetic sop to the anti-gun crowd, banning a sub-set of semi-automatic rifles whilst leaving equally capable semi-autos on the market. The correct question to ask is "why bother?" One might as well ban toy guns that bear a resemblance to assault weapons; other toy guns remain unaffected. For a more in depth discussion of "assault weapon" vs. "assault rifle" with references see http://en.wikipedia.org/wiki/Assault_weapon
Gary Edwards

The American Spectator : Obamacare: Still a Threat to Your Life - 0 views

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    The decimation of our health care system under Obamacare begins with government mandates, regulations, bureaucracies, and controls. The House and Senate health care bills that President Obama and the Democrats refuse to take off the table create close to 100 new health care bureaucracies, boards, commissions and programs. This is the government takeover of health care. These new authorities arrogate to the government the power to decide "what works" in health care, and what doesn't. The code words they use include "best practices" -- a government bureaucracy in Washington is going to decide what are the "best practices" in providing health care for you and your children, not you and your doctor. Another code phrase is "reward doctors for quality not quantity." Government bureaucracies in Washington do not know how to do this. But they will make a huge mess out of your health care in trying to. These government bureaucracies will also have the power to cut off your health care when they decide it is no longer worth the money. We have already seen a glimpse of this in the declaration by a bureaucracy, to be expanded with more powers under Obamacare, that women over 72 should not have mammograms. What they are saying here is that if you are over 72 and get breast cancer, they don't want to know about it. Just take the painkiller and go home, to paraphrase President Obama. They believe they can buy more votes taking the money for your care and spending it somewhere else. This is called "cost effectiveness." The destruction of the health care system is then expanded through the payment system. Among the code words here are "pay for performance" and "accountable care." This is how the bureaucracy will enforce its dictates concerning what works and what doesn't, best practices, cost effectiveness, and termination of health care no longer deemed worthy. Doctors and hospitals will be rewarded through payments if they follow the centralized bureaucracy's dictates; they will b
Paul Merrell

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

  • 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.
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  • 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.
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    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

Courthouse News Service - 0 views

  • During secret proceedings in Washington, a key witness in undermining the $9.5 billion judgment Chevron faces in Ecuador repudiated much of his explosive testimony, transcripts made public today show.     Since agreeing to testify for the oil giant, Judge Alberto Guerra's fortunes have changed, and so have Chevron's.     Roughly two years ago, Guerra took to the witness stand in a New York federal courtroom and swore that lawyers for rainforest villagers bribed him to ghostwrite a multibillion-dollar Ecuadorean court judgment against Chevron for oil contamination to the Amazon jungle.     About a year before he made a deal with Chevron, Guerra had little more than $100 to his name. He also owed tens of thousands of dollars in debt and could not afford to visit his children living in the United States.     U.S. District Judge Lewis Kaplan had warned early on in proceedings that he did not "assume that anyone's hands in this are clean," yet he credited Guerra's testimony last year in ruling that the Ecuadoreans obtained their award "by corrupt means."     The Ecuadoreans have long attacked Guerra, who has a contract with Chevron for various perks, including at least $326,000, an immigration attorney and a car, as a "paid-for" participant in the oil giant's self-styled witness-protection program.     Kaplan's decision conceded that "Guerra's credibility is not impeccable," but found that his account was "corroborated extensively by independent evidence."
  • Both that credibility and the corroborating evidence came under withering attack this year during closed-door proceedings before an international arbitration tribunal.     Though the hearings took place without press or public access at the World Bank in Washington on April 23 and 24, the tribunal agreed to release transcripts of the proceedings in response to a Courthouse News request that the Reporters Committee for Freedom of the Press supported.     Courthouse News obtained advanced copies of more than 3,000 pages of transcripts, which were formally released on Monday.     They show Guerra putting a new twist on an old saying. "Money talks, gold screams," Guerra said in a June 25, 2012, meeting with Chevron representatives - a meeting Chevron recorded.     Testifying about this comment at the arbitration hearing, Guerra said Chevron showed him a safe filled with money. He recounted Chevron's representatives telling him: "Look, look, look what's down there. We have $20,000 there."     He remembered replying: "Oh, OK, very well, very well."     Guerra said he had only $146 in his bank account a year earlier, and owed tens of thousands more to finish the construction of his house. He said he could not scrape money for airfare to visit his children in the United States.
  •  Minutes from Guerra's meeting with Chevron that came to light during the tribunal proceedings showed that Chevron's lawyers hoped to find evidence that the Ecuadorean government had pressured the Guerra to rule against the company.     Guerra disappointed by saying that Ecuadorean President Rafael Correa's administration "never butted in" to the process, the transcript shows.     "These guys are idiots, but the truth, the truth, I attest, damn, they never got involved," Guerra added, referring to Correa's government.     The remark appears to undercut the foundation of Chevron's arbitration case, which asks the tribunal to blame the Ecuadorean government for a miscarriage of justice.     Guerra stood by those comments on the arbitration panel's witness stand.      "My position is that the government did not intervene," Guerra said.     The only time an Ecuadorean government official tried to elbow into the case, Guerra testified, was under a prior administration. Correa's predecessors pushed to dismiss the case in Chevron's favor in 2003, he said.
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  •  Guerra also acknowledged bluntly on the witness stand that he had lied in telling Chevron's team that attorneys for the Ecuadoreans offered him $300,000.     "Yes, sir, I lied there," Guerra told Eric Bloom, who represents Ecuador for the firm Winston & Strawn. "I wasn't truthful."     Guerra maintains that other attorneys for the Ecuadoreans, specifically Steven Donziger and Pablo Fajardo, offered money in return for ghostwriting the judgment on behalf of Judge Nicolas Zambrano, the final jurist to preside over the case.     Shifting the details of this supposed arrangement, though, Guerra walked back his allegation that Zambrano offered him 20 percent.     "That was my sworn statement in New York, but what I said is that, because of a circumstance, because of a situation, I mentioned 20 percent when it wasn't true, and I think that, as a gentleman, I should say the truth, and we did not discuss - I did not discuss 20 percent with Mr. Zambrano - but we did discuss that he would share with me from what he received," he said.     In his nearly 500-page ruling, Judge Kaplan pointed to bank records, daily planners, shipping records and airplane tickets as corroborating evidence that outweighed Guerra's credibility problems.
  • Particularly persuasive for Kaplan was evidence that Ecuador's national airline, Tame, certified delivery of packages between Guerra and Zambrano.     Guerra told the arbitrators this spring, however, that all 11 of these packages "had nothing to do with the [Chevron] case."     As for his plane tickets to the rainforest from Aug. 11 and 12, 2010, Guerra said they occurred during an irrelevant time period.     "If I traveled during those dates, it wasn't for me to provide assistance to the Chevron case," he said.     Guerra testified that Chevron representatives told him that they would have raised his pay if he could provide them with the key physical evidence they were looking for: a draft of the judgment.     "We were unable to find the main document," Guerra recalled them saying. "Had we been able to find it, we would have been able to offer you a larger amount, something like that, we have $18,000 for you, and we're going to take the computer with us."     Though Guerra did not have a copy of the judgment, Ecuador's forensic expert Christopher Racich testified that he found a running draft of the judgment against Chevron on Zambrano's hard drives.
  • Ecuador now argues that this forensic evidence - which Courthouse News reported exclusively early this year - proves Zambrano painstakingly wrote the ruling and saved it hundreds of times throughout the case.     Chevron has not been able to produce emails between Guerra, Zambrano and the purported ghostwriters, Donziger and Fajardo, Ecuador's forensic expert says.     Guerra acknowledged to the arbitrators that that the bounty of physical evidence he promised Chevron fell short.     There are no calendars and day planners marked with meetings scheduled between Fajardo, Donziger or Guerra, he acknowledged.     While Guerra said he had payments from Zambrano from April 2011 and February 2012, he testified that these "had no connection to the Chevron case."     For Chevron, the thousands of pages of transcripts show that the company "proved its case before the International Arbitration Tribunal."     "Witness and expert testimony confirmed that the Ecuadorean judgment against Chevron was ghostwritten by Steven Donziger and his team and that the Ecuadorian government is responsible for any further remediation," Chevron spokesman Morgan Crinklaw said in a statement. "Chevron also proved that Ecuador breached the U.S.-Ecuador Bilateral Investment Treaty and international law."     Donziger, who still works for the Ecuadorean villagers seeking to collect from Chevron, said in a statement that Guerra's latest testimony "demonstrates once and for all that Chevron's so-called racketeering case has completely fallen apart."
  •   "Guerra has been the linchpin of Chevron's entire body of trumped up evidence and he now stands not only as an admitted liar, but also as a shocking symbol of how Chevron's management has become so obsessed with evading its legal obligations in Ecuador that it is willing to risk presenting false evidence in court to try to frame adversary counsel and undermine the rule of law," Donziger added.
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    Chevron has a "witness-protection program" as an excuse for paying off witnesses? And for paying them to lie under oath, it appears. Never in my legal career did I ever here of a non-governmental entity with a witness protection program. This reeks to high heavens.  Hats off to Courthouse News for digging deep on this one.   
Paul Merrell

US 'worst place to be a mother' among developed nations - report - RT USA - 0 views

  • America is the worst developed country in the world to be a mother, ranking 61st globally in maternal health, a groundbreaking analysis of global health inequalities has found. The US performed worse than last year, when it was in 31st place overall. This year it is 33rd. Although it did well on economic and educational status, according to this year's Mother's Index the country lags behind on children's well-being, where it is 42nd, and on maternal health, ranking 61st. A woman in the United States is more than 10 times as likely as a woman in Austria, Belarus or Poland to die from a pregnancy-related cause, according to a comprehensive report, State of the World's Mothers 2015, published by Save the Children.
  • Women in the US face a 1 in 1,800 risk of childbirth-related death. It's the worst performance of any developed country in the world, the report, released ahead of Mother's Day, celebrated on the second Sunday in May, has warned. “Other countries are passing us by,” CEO of Save the Children, Carolyn Miles, told reporters at the United Nations. Save the Children also scrutinized infant mortality rates in 25 capital cities of wealthy countries and found that Washington DC had the highest, at 6.6 deaths per 1,000 live births in 2013. This rate is a historic low for the District of Columbia, but is still three times the rates in Tokyo and Stockholm. In 2012, the district had an infant mortality rate of 7.9 deaths per 1,000 live births (while Stockholm or Oslo had infant mortality rates at or below 2.0, according to the report.)
  • Many major American cities, meanwhile, have even higher infant mortality rates. In 2011, Cleveland and Detroit reported infant mortality rates of 14.1 and 12.4 per 1,000 live births, respectively.
Paul Merrell

12 Banks Reveal 'Living Wills' That Hint Toward a Future Bail-in | nsnbc international - 0 views

  • Twelve major banks have made their living wills open to the public in response to US regulators pushing for more “convincing plans” for self-dismantling should their operations fail.
  • The purpose of living wills is a way “to give bankers and regulators a clearer understanding of a bank’s operations and its assets and liabilities [and] map out the steps the banks would take to distribute large losses among stakeholders.” The Federal Reserve Bank (FRB) and the Federal Deposit Insurance Corp (FDIC) are overseeing the bank’s contingency plans, ensuring that no bank is “too big to fail”. This includes financial institutions with more than $50 billion in assets; as well as non-financial firms that are considered systemically important as understood by the US Department of Treasury (USDT) Financial Stability Oversight Council (FSOC). The banks participating in this exercise include:
  • • JPMorgan Chase & Co • Morgan Stanley • Bank of America • Credit Suisse Group AG • Goldman Sachs Group • Wells Fargo & Co • State Street Corp • Bank of New York Mellon Corp • UBS Group AG • Deutsche Bank AG • Barclays Plc Should another financial crisis rear its head again, these revelations provide investors and traders a better sense of the standing of banks.
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  • Collectively, the banks divulged that they have “stockpiled long-term debt” within holding companies (or the parent company that owns the bank) to make their portfolios appear to be “less complex”. In other words, banks have placed their derivatives (or stockpiled long-term debt) within the main corporation that owns their subsidiaries. The only problem is that if the parent fails, so do its “children”. The bank’s assets could be placed into receivership with the intention of being split up and auctioned off; however some corporations abuse receivership and bankruptcy to make investors and creditors think they are dead in the water only to pull out at the last minute and enjoy large primary debt write-offs. This is a sort of corporate version of playing possum.
  • This classic con tactic would provide the unique advantage of not having to go to the Senate and demand a taxpayer bailout. The banks could simply file for bankruptcy and exert social pressure via public outcry, protests and demands of the people that Congress consider another bailout. In this scenario, the parent company gets saved and not the subsidiaries. This tactic is a reserve version of what happened after the crash in 2008. Regarding the bank’s contingency plans, JPMorgan’s “hypothetical death”would see the bank downsize by a 3rd and provide a resolve for the bank “without systemic disruption or taxpayer support”. Citigroup has proposed shrinking by selling off $300 billion in corporate assets and “cut US retail banking to about $200 billion”; as well as get rid of broker-dealers.
  • Mark Costigilo, spokesperson for Citigroup, explained that should Citigroup go into bankruptcy, their living will “demonstrates that we can do so without the use of taxpayer funds and without adverse systemic impact.” And Bank of America (BoA) stated that their rise out of bankruptcy would involve the unloading of $1.2 trillion in assets; as well as “shedding most of … non-bank operations”. Last year, the major banks were told to revise previously submitted living wills because their plans did not provide a “credible or clear path through bankruptcy that doesn’t require unrealistic assumptions and direct or indirect public support.” All of this adds up to a bail-in, as predicted by economic analyst Jim Sinclair who said: “Bail-ins are coming to North America without any doubt, and will be remembered as the ‘Great Leveling,’ of the ‘great Flushing’ (of Lehman Brothers). Not only can it happen here, but it will happen here. It stands on legal grounds by legal precedent both in the U.S., Canada and the U.K.”
  • Sinclair pointed out: “Bail-ins do not require a crisis to occur and can surface one bank at a time, spread out over years. The major situation is deposits above insurance levels in banks too big to fail. Those deposits are directly in harm’s way.”
Paul Merrell

security theater, martial law, and a tale that trumps every cop-and-donut joke you've e... - 0 views

  • First, just in case it's not utterly obvious, I'm glad that the two murderous cowards who attacked civilians in Boston recently are off the streets. One dead and one in custody is a great outcome. That said, a large percent of the reaction in Boston has been security theater. "Four victims brutally killed" goes by other names in other cities. In Detroit, for example, they call it "Tuesday". …and Detroit does not shut down every time there are a few murders.
  • "Then why the hell do you care, Clark?" First, the unprecendented shutdown of a major American city may have increased safety some small bit, but it was not without a cost: keeping somewhere between 2 and 5 million people from work, shopping, and school destroyed a nearly unimaginable amount of value. If we call it just three million people, and we peg the cost at a mere $15 per person per hour, the destroyed value runs to a significant fraction of a billion dollars. "Yeah, maybe…but in this day and age where the federal government is borrowing an extra $3.85 billion per day, a couple of hundred million doesn't sound like much. After all, if we're borrowing money that our children and grandchildren will have to pay back to fund Cowboy Poetry Festival and military golf courses, then what's another $200 or $400 million to keep people safe?"
  • Second, the cost isn't just measured in dollars – it's measured in the degree to which it trains a population to freak out over minor risk and to trust blindly in authorities. Third, keeping citizens off the street meant that 99% of the eyes and brains that might solve a crime were being wasted. Eric S Raymond famously said that "given enough eyeballs, all bugs are shallow". It was thousands of citizen photographs that helped break this case, and it was a citizen who found the second bomber. Yes, that's right – it wasn't until the stupid lock-down was ended that a citizen found the second murderer
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  • We had thousands of police going door-to-door, searching houses…and yet not one of them saw the evidence that a citizen did just minutes after the lock-down ended. "But Clark," you protest, "you may not trust the government to decide what's risky and what's not, but I do. If it saves even one life, then shutting down a major city is the right move. That's obvious!" But the Boston police didn't shut down an entire city. They shut down an entire city except for the donut shops. boston.com Law enforcement asked Dunkin' Donuts to keep restaurants open in locked-down communities to provide… food to police… including in Watertown, the focus of the search for the bombing suspect.
  • The government and police were willing to shut down parts of the economy like the universities, software, biotech, and manufacturing…but when asked to do an actual risk to reward calculation where a small part of the costs landed on their own shoulders, they had no problem weighing one versus the other and then telling the donut servers "yeah, come to work – no one's going to get shot." And they were right.
Paul Merrell

The College-Loan Scandal - Slashdot - 0 views

  • Matt Taibbi writes in Rolling Stone about the economics behind college tuition. Interest rates get the headlines and the attention of politicians, but Taibbi says the real culprit is "appallingly high tuition costs that have been soaring at two to three times the rate of inflation, an irrational upward trajectory eerily reminiscent of skyrocketing housing prices in the years before 2008." He writes,
  • "For this story, I interviewed people who developed crippling mental and physical conditions, who considered suicide, who had to give up hope of having children, who were forced to leave the country, or who even entered a life of crime because of their student debts. ... Because the underlying cause of all that later-life distress and heartache – the reason they carry such crushing, life-alteringly huge college debt – is that our university-tuition system really is exploitative and unfair, designed primarily to benefit two major actors. First in line are the colleges and universities, and the contractors who build their extravagant athletic complexes, hotel-like dormitories and God knows what other campus embellishments. For these little regional economic empires, the federal student-loan system is essentially a massive and ongoing government subsidy, once funded mostly by emotionally vulnerable parents, but now increasingly paid for in the form of federally backed loans to a political constituency – low- and middle-income students – that has virtually no lobby in Washington. Next up is the government itself. While it's not commonly discussed on the Hill, the government actually stands to make an enormous profit on the president's new federal student-loan system, an estimated $184 billion over 10 years, a boondoggle paid for by hyperinflated tuition costs and fueled by a government-sponsored predatory-lending program that makes even the most ruthless private credit-card company seem like a "Save the Panda" charity. Why is this happening? The answer lies in a sociopathic marriage of private-sector greed and government force that will make you shake your head in wonder at the way modern America sucks blood out of its young."
Paul Merrell

Hedge funds tell Puerto Rico: lay off teachers and close schools to pay us back | World... - 0 views

  • Billionaire hedge fund managers have called on Puerto Rico to lay off teachers and close schools so that the island can pay them back the billions it owes. The hedge funds called for Puerto Rico to avoid financial default – and repay its debts – by collecting more taxes, selling $4bn worth of public buildings and drastically cutting public spending, particularly on education. The group of 34 hedge funds hired former International Monetary Fund (IMF) economists to come up with a solution to Puerto Rico’s debt crisis after the island’s governor declared its $72bn debt “unpayable” – paving the way for bankruptcy. The funds are “distressed debt” specialists, also known as vulture funds, and several have also sought to make money out of crises in Greece and Argentina, the collapse of Lehman Brothers and the near collapse of Co-op Bank in the UK.
  • The report, entitled For Puerto Rico, There is a Better Way, said Puerto Rico could save itself from default if it improves tax collection and drastically cuts back on public spending. It accused the island, where 56% of children live in poverty, of spending too much on education even though the government has already closed down almost 100 schools so far this year.
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