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by MAJOR GENERAL SMEDLEY D. BUTLER, USMC - Retired TWO-TIME Congressional Medal of Honor Recipient FULL TEXT ON LINE FREE

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Congress has blown holes in our tax code, losing hundreds of billions in revenue. Worse, lawmakers have averted their eyes as corporate lobbyists drill new tax loopholes and extract new corporate welfare subsidies.

How else can we explain how a profitable company like General Electric pays no taxes?

Other huge global companies such as Verizon, Boeing, ExxonMobil, and Bank of America also pay no taxes.

Chocolate baron Petro Poroshenko has claimed victory in Ukraine's presidential election, vowing to bring peace after months of turmoil and a pro-Russian insurgency that thwarted voting across much of the separatist east. The 48-year-old self-made billionaire, who exit polls said on Sunday had won almost 56 per cent of the vote, swiftly declared he would work to bring peace to Ukraine. "My first decisive step will be aimed at ending the war, ending chaos, and bringing peace to a united and free Ukraine," he said at a press conference in Kiev. "I am certain that our decisive actions will bring fairly quick results," he added. "The presidential election showed that Ukrainians have chosen the path of European integration," Poroshenko said.

The results put him far ahead of his nearest rival Yulia Tymoshenko, the former prime minister who spearheaded the 2004 pro-democracy Orange Revolution but then became embroiled in corruption scandals that saw her put behind bars by the old pro-Russian regime. If confirmed by election officials, the results will avoid the need for a June 15 runoff that would have extended political uncertainty at the most painful moment in Ukraine's 23-year-old post-Soviet history. Poroshenko vowed to pay his first trip outside the capital to the eastern industrial rust belt where pro-Moscow insurgents have proclaimed the creation of their own independent republic. Ukrainians had voted en masse in the capital Kiev and the west of the country but the insurgency thwarted voting across most of the separatist east.

Russian President Vladimir Putin, facing the threat of more US and EU sanctions, appeared to make a major concession on Friday by saying he was ready to work with the new Kiev team. "We understand that the people of Ukraine want their country to emerge from this crisis. We will treat their choice with respect," he said.

The massive consolidation of wealth, combined with the removal of any limits on money in campaigns, has allowed for the purchase of our government. Today I am publishing a comprehensive and important guest essay, The Purchase of Our Republic, by longtime correspondent Y. Falkson.

A disturbing trend in the water sector is accelerating worldwide. The new “water barons” --- the Wall Street banks and elitist multibillionaires --- are buying up water all over the world at unprecedented pace. Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world. The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to limit citizens’ ability to become water self-sufficient (as evidenced by the well-publicized Gary Harrington’s case in Oregon, in which the state criminalized the collection of rainwater in three ponds located on his private land, by convicting him on nine counts and sentencing him for 30 days in jail). Let’s put this criminalization in perspective:

Billionaire T. Boone Pickens owned more water rights than any other individuals in America, with rights over enough of the Ogallala Aquifer to drain approximately 200,000 acre-feet (or 65 billion gallons of water) a year. But ordinary citizen Gary Harrington cannot collect rainwater runoff on 170 acres of his private land. It’s a strange New World Order in which multibillionaires and elitist banks can own aquifers and lakes, but ordinary citizens cannot even collect rainwater and snow runoff in their own backyards and private lands.

In 2008, Goldman Sachs called water “the petroleum for the next century” and those investors who know how to play the infrastructure boom will reap huge rewards, during its annual “Top Five Risks” conference. Water is a U.S.$425 billion industry, and a calamitous water shortage could be a more serious threat to humanity in the 21st century than food and energy shortages, according to Goldman Sachs’s conference panel. Goldman Sachs has convened numerous conferences and also published lengthy, insightful analyses of water and other critical sectors (food, energy). Goldman Sachs is positioning itself to gobble up water utilities, water engineering companies, and water resources worldwide. Since 2006, Goldman Sachs has become one of the largest infrastructure investment fund managers and has amassed a $10 billion capital for infrastructure, including water.

n the never-never land of how the mainstream U.S. press covers the Ukraine crisis, the appointment last year of thuggish oligarch Igor Kolomoisky to govern one of the country’s eastern provinces was pitched as a democratic “reform” because he was supposedly too rich to bribe, without noting that his wealth had come from plundering the country’s economy.In other words, the new U.S.-backed “democratic” regime, after overthrowing democratically elected President Viktor Yanukovych because he was “corrupt,” was rewarding one of Ukraine’s top thieves by letting him lord over his own province, Dnipropetrovsk Oblast, with the help of his personal army.

Last year, Kolomoisky’s brutal militias, which include neo-Nazi brigades, were praised for their fierce fighting against ethnic Russians from the east who were resisting the removal of their president. But now Kolomoisky, whose financial empire is crumbling as Ukraine’s economy founders, has turned his hired guns against the Ukrainian government led by another oligarch, President Petro Poroshenko.Last Thursday night, Kolomoisky and his armed men went to Kiev after the government tried to wrest control of the state-owned energy company UkrTransNafta from one of his associates. Kolomoisky and his men raided the company offices to seize and apparently destroy records. As he left the building, he cursed out journalists who had arrived to ask what was going on. He ranted about “Russian saboteurs.”It was a revealing display of how the corrupt Ukrainian political-economic system works and the nature of the “reformers” whom the U.S. State Department has pushed into positions of power. According to BusinessInsider, the Kiev government tried to smooth Kolomoisky’s ruffled feathers by announcing “that the new company chairman [at UkrTransNafta] would not be carrying out any investigations of its finances.”

Yet, it remained unclear whether Kolomoisky would be satisfied with what amounts to an offer to let any past thievery go unpunished. But if this promised amnesty wasn’t enough, Kolomoisky appeared ready to use his private army to discourage any accountability.On Monday, Valentyn Nalyvaychenko, chief of the State Security Service, accused Dnipropetrovsk officials of financing armed gangs and threatening investigators, Bloomberg News reported, while noting that Ukraine has sunk to 142nd place out of 175 countries in Transparency International’s Corruptions Perception Index, the worst in Europe.The see-no-evil approach to how the current Ukrainian authorities do business relates as well to Ukraine’s new Finance Minister Natalie Jaresko, who appears to have enriched herself at the expense of a $150 million U.S.-taxpayer-financed investment fund for Ukraine.

Donald Trump has doubled down on his statement at a town hall last week that he aims to be neutral in his comments on the Israel/Palestine conflict so as not to injure his ability as president to negotiate a deal between the parties. On Meet the Press yesterday he pointedly did not buy into the Republican “orthodoxy” on Israel, saying he’s very pro-Israel but peace there is the “ultimate deal” and he wasn’t going to prejudice matters.

Trump surely senses that he can gain by exhibiting independence of the Israel lobby. Here are some other straws in the wind: –A new poll shows that the number of Americans holding a favorable view of Israel has declined 16 percent in the last year, to 59 percent. And in the same interval those holding a favorable view of the Palestinians has surged 42 percent, to 25 percent, and even Iran has had an image-makeover, with 16 percent of Americans regarding the country favorably, up considerably. Grant Smith of the Institute for Research: Middle Eastern Policy says the data reveal “a stunning turn in U.S. public opinion.” –The MSM are reflecting the thaw. Last week Newsweek ran a defiant piece by Hanin Zoabi, the Palestinian Israeli legislator who has been suspended from the Knesset as a troublemaker, explaining Palestinian violence as a response to occupation and discrimination. Boldly titled, “Why Israel Is Fighting the Indigenous Palestinians,” it included these lines: “The occupier does not have the right to self-defense. We, the occupied, have the full and only right to fight it, by all means recognized within the framework of international law.”

I throw in these stray facts to say that American public opinion is changing (as is Jewish opinion) and there is political hay to be made of the changes. Donald Trump surely senses this, in his populist campaign. And so he is preparing to run against Marco Rubio by saying that Rubio is Sheldon Adelson’s “perfect little puppet”, and preparing to set up a general election campaign against Hillary Clinton in which he can call out her beholdenness to the billionaire Haim Saban. In his reissued autobiography of last fall, Bernie Sanders refers with disdain to Sheldon Adelson and the “Adelson primary” on the very first page. But that’s the last we hear of it: Adelson, who is in bed with Hillary Clinton’s good friend Haim Saban. Sanders is ignoring a populist political opportunity that Donald Trump has seized upon. Go figure

Billionaire serial entrepreneur Richard Branson says cash handouts will eventually be required to keep people from becoming homeless in the US. "I think with the coming on of AI and other things there is certainly a danger of income inequality," Branson tells CNN's Christine Romans in a piece published Thursday. The inequality will be caused by "the amount of jobs [artificial intelligence] is going to take away and so on," Branson says. "There is no question" technology will eliminate jobs, he says. Microsoft co-founder Bill Gates echoed this sentiment recently. "AI is just the latest in technologies that allow us to produce a lot more goods and services with less labor," says Gates, speaking with "Hamilton" composer Lin-Manuel Miranda and his wife, Melinda, at Hunter College in New York City earlier in February. "AI will bring us immense new productivity."

So new jobs will have to be created, says Branson. But also, a "basic minimum earnings," or a universal basic income, should be instituted "so that there is nobody that is having to sleep on the street," Branson tells CNN. "One hundred percent, I think that is really important." Universal basic income is a cash handout, distributed irrespective of employment status.

Billionaire SpaceX and Tesla chief Elon Musk told CNBC in 2016 that he expects cash handouts will be necessary too. "There is a pretty good chance we end up with a universal basic income, or something like that, due to automation," says Musk to CNBC. "Yeah, I am not sure what else one would do. I think that is what would happen." Additionally, Facebook founder and CEO Mark Zuckerberg promoted the idea of universal basic income during his commencement speech to Harvard in May. "Now it's our time to define a new social contract for our generation. We should explore ideas like universal basic income to give everyone a cushion to try new things," says Zuckerberg.

Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today.  The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland. ‘Reward Work, Not Wealth’ reveals how the global economy enables a wealthy elite to accumulate vast fortunes while hundreds of millions of people are struggling to survive on poverty pay. Billionaire wealth has risen by an annual average of 13 percent since 2010 – six times faster than the wages of ordinary workers, which have risen by a yearly average of just 2 percent. The number of billionaires rose at an unprecedented rate of one every two days between March 2016 and March 2017. It takes just four days for a CEO from one of the top five global fashion brands to earn what a Bangladeshi garment worker will earn in her lifetime. In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year. It would cost $2.2 billion a year to increase the wages of all 2.5 million Vietnamese garment workers to a living wage. This is about a third of the amount paid out to wealthy shareholders by the top 5 companies in the garment sector in 2016.

Trump is dirty, he’s fully compromised, but not in the way most of his critics assume. Both Trump and Bill Clinton were frequent fliers aboard the Lolita Express with Jeffery Epstein. Epstein is the billionaire pedophile who got busted running an elite child prostitution ring. Victims testified that Epstein had them sleep with rich and powerful men from around the world. They also said that he directed them to collect information on these men. He referred to this as “investing in people”.

f this deal: Prosecutors agreed not to bring far more serious federal charges against Epstein, and not to charge “potential co-conspirators”, including four named individuals. From the Guardian Trump’s name came up several times in this case, and in a separate criminal complaint which accused both Epstein and Trump of raping a minor.

The judge that let Epstein off with a slap on the wrist and protected the other predators was a man named Alexander Acosta. That would be the same Alexander Acosta that Trump nominated as Labor Secretary. I’m sure that’s just a coincidence. Trump has tried to pretend that he hardly knew Epstein, but he made the following quote in an interview in 2002: “He’s a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side. No doubt about it – Jeffrey enjoys his social life.” Trump in 2002

ABU DHABI, United Arab Emirates, June 7 (UPI) -- Colombia's defense ministry is alarmed about an exodus of top soldiers to the United Arab Emirates to join a highly paid U.S.-led mercenary force organized by Erik Prince, billionaire founder of the security firm Blackwater. Prince, who sold Blackwater in 2010 after it was involved in killings and scandals in Iraq, went to Abu Dhabi, capital of the Persian Gulf federation, in 2011. He signed on to form an 800-man battalion of mercenaries for what emirati officials termed "anti-terrorism operations" inside and outside the country. But it's widely believed in Gulf security circles the force, being assembled under considerable secrecy by Prince's Reflex Responses registered in the emirates, will be used for undisclosed special operations for the seven desert emirates that make up the federation.

That's expected to include putting down "internal unrest" that might challenge the ruling families, as happened in Egypt, Libya, Tunisia and Yemen, and which is growing in Kuwait and Bahrain. The Reflex Responses force, which is officially described in a contract leaked to the New York Times in 2011 as "independent of formal command and support structures throughout the United Arab Emirates," will have its own air wing, with fixed wing aircraft and helicopters, plus its own private navy. The naval wing's tasks will primarily be "small boat operations ... maritime interdiction operations and securing oil delivery platforms." The mercenaries have a custom-built high-security base in the desert where troops live and train.

But the over-riding security threat is widely perceived to be Iran, 100 miles across the gulf and which occupies several islands claimed by the Emirates. Prince's mercenary force is made up largely of Colombian soldiers, including senior officers and men with a Special Forces background There are also many veterans of Executive Outcomes, a South African security firm that became notorious in the 1990s for suppressing rebellions in mineral-rich African dictatorships and staging coups to gain control of such assets. EO personnel included many veterans of Britain's Special Air Service and special operations units in South Africa's apartheid-era military.

The uncle of the two men who set off bombs at the Boston Marathon, who struck the only grace note in an otherwise horrific week, worked as a “consultant” for the Agency for International Development (USAID) a U.S. Government Agency often used for cover by agents of the CIA, in the former Soviet Republic of Kazakhstan during the “Wild West” days of the early 1990’s, when anything that wasn’t nailed down in that country was up for grabs.

“Uncle Ruslan” Tsarni of Montgomery Village Md., whose name was the top trending topic worldwide on Twitter last Friday for his plain-spoken condemnation of his two nephews, has had a checkered business career, that began well before he graduated (as Ruslan Z Tsarnaev) from Duke Law School in 1998. Tsarni, a well-connected oil executive,  is currently involved in an international criminal investigation into a Kazakh billionaire banker-turned-fugitive alleged to have absconded with $6 billion from Kazakhstan’s BTA Bank.

For Mitt Romney, it's one scary Halloween.  The Presidential candidate has just learned that tomorrow afternoon (November 1) he will be charged by the United Automobile Workers (UAW) and other public interest groups with violating the federal ethics in government law by improperly concealing his multi-million dollar windfall from the auto industry bailout. At a press conference in Toledo, Bob King, President of the United Automobile Workers, will announce that his union and Citizens for Responsibility and Ethics in Washington (CREW)  have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney's so-called "blind" trust. The union chief says, "The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue. It’s time for Gov. Romney to disclose or divest.” “While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” King added.

The Romneys' gigantic windfall was hidden inside an offshore corporation inside a limited partnership inside a trust which both concealed the gain and reduces taxes on it.   The Romneys' windfall was originally exposed in Nation Magazine (and reposted on Truthout,) Mitt Romney's Bail-out Bonanza after a worldwide investigation by our crew at The Guardian, the Nation Institute and the Palast Investigative Fund.  

According to ethics law expert Dr. Craig Holman of Public Citizen -- who serves as an advisor on the charge -- Ann Romney does not have a federally-approved blind trust.  An approved "blind" trust may not be used to hide a major investment which could be affected by Romney if he were to be elected President.

rominent Republican donor Sheldon Adelson on Thursday said he would support Donald Trump for the US presidency. Get The Times

rominent Republican donor Sheldon Adelson on Thursday said he would support Donald Trump for the US presidency

“Yes. I’m a Republican, he’s a Republican,” Adelson said at a Manhattan event when asked if he would back Trump, according to The New York Times. “He’s our nominee. Whoever the nominee would turn out to be, any one of the 17 — he was one of the 17. He won fair and square.” The Jewish billionaire, and owner of the pro-Prime Minister Benjamin Netanyahu daily Israel Hayom, said he believes Trump “will be good for Israel,” and noted, without elaborating, that the two spoke recently. Adelson donated tens of millions of dollars to Mitt Romney and organizations supporting the Republican challenger in the last election, and was by far the largest such donor. Adelson had previously declared Trump to be “very charming” after meeting him in December, but stopped short of endorsing him or supporting his campaign. Trump has prided himself in his campaign speeches on not needing the support of mega-donors like Adelson, whom other candidates, at the time, were assiduously courting. In October, Trump tweeted “Sheldon Adelson is looking to give big dollars to Rubio because he feels he can mold him into his perfect little puppet. I agree!”

But Why Is It Mainly Focusing On Enemies of the West? But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, Assad’s Syria and others disfavored by the West. Former British Ambassador Craig Murray notes: Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1%, and the massive leak of their documents ought to be a wonderful thing. Unfortunately the leaker has made the dreadful mistake of turning to the western corporate media to publicise the results. In consequence the first major story, published today by the Guardian, is all about Vladimir Putin and a cellist on the fiddle. As it happens I believe the story and have no doubt Putin is bent.  But why focus on Russia? Russian wealth is only a tiny minority of the money hidden away with the aid of Mossack Fonseca. In fact, it soon becomes obvious that the selective reporting is going to stink.  The Suddeutsche Zeitung, which received the leak, gives a detailed explanation of the methodology the corporate media used to search the files. The main search they have done is for names associated with breaking UN sanctions regimes. The Guardian reports this too and helpfully lists those countries as Zimbabwe, North Korea, Russia and Syria. The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers. And the Guardian is quick to reassure that “much of the leaked material will remain private.”

A coalition of retired officers, including 33 four-star generals and admirals, is calling on President-elect Donald Trump not to reinstate torture for terrorism suspects, according to a report.In a show of military opposition to torture, 176 retired officers and generals from all branches of the US military wrote a letter to Trump, cautioning him against bringing back waterboarding and other torture methods, The New York Times reported on Tuesday.During his presidential campaign, Trump vowed to “bring back a hell of a lot worse than waterboarding” to use against suspected terrorists. The billionaire property developer contended that “torture works,” and even “if it doesn’t work, they deserve it anyway.”The letter, dated January 6, was signed by some of the most prominent military figures, including Gen. Stanley A. McChrystal and Gen. John R. Allen, who were both commanders of US-led coalition forces in Afghanistan, as well as Adm. William H. McRaven, the Special Operations commander who reportedly oversaw the raid that killed former al-Qaeda leader Osama bin Laden.The list also included a former chairman of the Joint Chiefs of Staff, a former commander of the Central Command, four former commanders of the Southern Command, two former directors of the National Security Agency (NSA), and former chiefs of staff of the Army and the Air Force.

Prime Minister Benjamin Netanyahu was questioned by police investigators at his residence in Jerusalem on Friday morning regarding two pending investigations against him. One case, known as Case 1000, involves allegations that he illegally accepted valuable gifts for himself and his family from business figures, notably Australian billionaire James Packer and Israeli Hollywood film producer Arnon Milchan. The other, Case 2000, relates to conversations between the prime minister and the publisher of the Yedioth Aharonoth daily, Arnon Mozes, where Netanyahu allegedly offered to pursue legislation benefitting Mozes' news business in exchange for favorable news coverage for the prime minister. Mozes was questioned again on that case by police on Thursday.

Police have concluded that the corruption investigations of Prime Minister Benjamin Netanyahu have yielded sufficient evidence to confirm that he committed at least some of the crimes of which he is suspected.   A senior legal source said that some of the suspicions in the graft case were found to be backed up by conclusive evidence. This reinforces assessments that police will recommend bringing charges against Netanyahu. In internal discussions, members of the national fraud unit tasked with investigating Netanyahu say they are confident about the evidence they have collected, especially with regard to the graft case. With respect to Case 2000, there is no dispute regarding the evidence but there is not yet consensus regarding the legal significance of the evidence.