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Gary Edwards

1913: The Blow That Killed America 100 Years Ago - 0 views

www.freemansperspective.com/1913-america

1913 Woodrow-Wilson Nelson-Aldrich Rockefeller Bilderbergs ruling-class-elites

shared by Gary Edwards on 15 Aug 13 - No Cached
  • Gary Edwards on 15 Aug 13
     
    "There is a lot of ruin in a nation," wrote Adam Smith. His point was that it takes a long time for nations to fall, even when they're dead on their feet. And he was certainly right. America took its fatal blow in 1913, one hundred years ago; it just hasn't hit the ground yet. This is a slow process, but it's actually fast compared to the Romans. It took them several centuries to collapse . The confusing thing about our current situation is that America - and by that I mean the noble America that so many of us grew up believing was real - has long been poisoned. Its liver, kidneys, and spleen have all stopped functioning. Its heart beats slowly and irregularly. But it still stands on its feet and presents itself as alive to all those who would let their eyes fool them. And I'm not without sympathy for those who want to believe. They find themselves in a world where politics is almighty, and where their comfort, prosperity, and perhaps their survival all hang in a delicate balance. They don't want to upset anything, and questioning the bosses is a good way to get yelled at. But just because someone wants to believe doesn't make it so. We are not children and we are not powerless. We Producers should never be intimidated by those who live at our expense. So let's start looking at the facts. 1913: The Horrible Year For all the problems America had prior to 1913 (including the unnecessary and horrifying Civil War), nothing spelled the death of the nation like the horrors of 1913. Here are the key dates: February 3rd : The 16th Amendment to the United States Constitution was ratified, authorizing the Federal government to impose income taxes on individuals. An amendment to a tariff act in 1894 had attempted to do this, but since it was clearly unconstitutional, the Supreme Court struck it down. As a result - and mostly under the banner of bleeding the rich - the 16th amendment was promoted and passed. As a result, the Revenue Act of 1
Paul Merrell

These 6 Corporations Control 90% Of The Media In America - Business Insider - 0 views

www.businessinsider.com/of-the-media-in-america-2012-6

MSM ownership-consolidation

shared by Paul Merrell on 14 Oct 16 - No Cached
  • This infographic created by Jason at Frugal Dad shows that almost all media comes from the same six sources. That's consolidated from 50 companies back in 1983.  NOTE: This infographic is from last year and is missing some key transactions. GE does not own NBC (or Comcast or any media) anymore. So that 6th company is now Comcast. And Time Warner doesn't own AOL, so Huffington Post isn't affiliated with them. But the fact that a few companies own everything demonstrates "the illusion of choice," Frugal Dad says. While some big sites, like Digg and Reddit aren't owned by any of the corporations, Time Warner owns news sites read by millions of Americans every year. Here's the graphic: 
  • This infographic created by Jason at Frugal Dad shows that almost all media comes from the same six sources. That's consolidated from 50 companies back in 1983.  NOTE: This infographic is from last year and is missing some key transactions. GE does not own NBC (or Comcast or any media) anymore. So that 6th company is now Comcast. And Time Warner doesn't own AOL, so Huffington Post isn't affiliated with them. But the fact that a few companies own everything demonstrates "the illusion of choice," Frugal Dad says. While some big sites, like Digg and Reddit aren't owned by any of the corporations, Time Warner owns news sites read by millions of Americans every year. Here's the graphic: 
Gary Edwards

The Purchase Of Our Republic | Zero Hedge - 0 views

www.zerohedge.com/...purchase-our-republic

shared by Gary Edwards on 06 Jun 14 - No Cached
  • 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.
  • Americans know that something is wrong, deeply wrong. They see signs of the problem everywhere: income inequality, growing concentration and power of mega corporations, political donations/corruption, the absence of jobs with decent salaries, the explosion of the US prison population, healthcare costs, student loan debt, homelessness, etc. etc.  However, the true causes and benefactors behind these problems are purposely hidden from view. What Americans see is Kabuki Theater of a functioning form of capitalism and democracy, but beyond this veneer our country has devolved into the exact opposite. Those who benefit from this crony capitalist state go to extreme lengths to paper over the reality and convince Americans that the system works, the American Dream is still a reality and that American democracy is in fact democratic. Below I hope to begin to outline some of the underlying dynamics and trends that have evolved in recent decades and led us so far from what we once were. As fun as it would be, the answer is not some evil conspiracy by the Illuminati, but rather the unfortunate result of three long term and mutually reinforcing components that have been attacking the fundamental roots of the structure of our Republic. The first is the increased concentr
  • ation of corporate and private wealth. Both of which are quickly yelled down in the media as anti-free market and class war hysteria. The second is the use of this wealth to capture all three branches of government in order to ensure the continued extraction of capital from the many and to the few.The rich might have climbed the ladder because they earned it, but they have then purchased government to pull up the ladder behind them. The consequence of the first two components is a democracy in name only that represents the very few.
  • ...28 more annotations...
  • 1. Faux Capitalism = Wealth Consolidation / Income Inequality
  • While there is no true beginning to the story, we can start with the incredible build up and concentration of wealth among corporations in recent decades. The USA now boasts a cartel-like set of corporate titans in almost every industry. It goes beyond, but certainly includes, our Too Biggerer To Fail banks, merged from what was 37 banks in 1995 into a Frankenstein’s monster like 5 (Citigroup, JP Morgan-Chase, Bank of America, Wells Fargo and Goldman Sachs). In agriculture, Monsanto alone controls over 85% of all corn and soy bean crops, four companies control 83% of the beef market, 66% of the hog market and 58% of the chicken market. So while shopping at the grocery store might appear to be the manifestation of capitalism at its finest, it doesn’t take much digging to look behind the curtain to see how little competition truly exists.
  • When the average American goes to pick up some groceries, they are shopping at Walmart and buying something from P&G that is mostly made of Monsanto corn. Is that true choice? The same story plays out with our news and media (and other industries) where we have gone from 50 companies in 1983 to the big 6 which control over 90% of all media. Is choosing to watch one of 30 news channels, all of which are owned by News Corp (Rupert Murdoch) a real choice? This is not capitalism and they are not competing, not in the true sense of the word. Along with this consolidation of corporations in recent decades, their senior leaders have taken up a larger and larger piece of the pie at the expense of their employees. In particular, the ratio of CEO-to-worker pay has increased 1,000 percent since 1950. Unsurprisingly, Walmart is both the largest employer in the country and the worst CEO pay offender with a ratio of over 1000:1. This is at a time where worker productivity has increased significantly, something that historically correlated with increased pay. But no more. It’s a new twist on the old Soviet saying “we pretend to work and they pretend to pay us”, but now it’s closer to “we do all of the work and they pretend to pay us”.
  • Private Wealth: As a consequence of the royal tribute we pay to the C-suite class these days, we have likely surpassed the pre-Depression Roaring Twenties in terms of inequality.
  • This, amazingly, has only accelerated since the crisis in 2008 in thanks to bailouts, Quantitative Easing and other gifts from Congress and the Fed. The wealthy 1% and in particular the .01% have now grown their fortunes to levels that tax comprehension and even their ability to spend it (the decisions by a few billionaires such as Bill Gates to essentially donate his fortune is a tacit acknowledgement that our current system over provides wealth to a select few).
  • So what is an incredibly wealthy capitalist CEO of a mega-corporation do once they control their industry and have essentially limitless wealth? Well in a competitive market, the only way to go from the top is down and the only thing that can make that happen is competition. Consequently, competition must be avoided whenever possible.
  • To squash or prevent competition, the oligopolies and oligarchs target their resources on the one place that can make competition illegal, our government.Something to keep in mind the next time you see a corporate billionaire grandstanding about the importance of “Free Markets” when their strategy is quite the opposite. As this capture of the government has taken place we have essentially shifted from capitalism and to crony capitalism. So we now have industries that have mastered the art of faking capitalism by turning our government into one that fakes democracy. This government takeover took time, but the purchase of all 3 branches of government has almost been completed by 2014. You don’t have to take my word for it, luckily that has now been empirically proven in an analysis of over 20 years of government policy where the clear conclusion was that policy makers respond solely to those in the top 90th percentile and essentially ignore the large majority of Americans.
  • 2. Wealthy Purchase of Government Institutions / Elections
  • Purchase of the Executive Branch:
  • Let’s take a step back and take a glimpse at how the government was purchased, beginning with the executive branch. In 1980, Reagan’s election cost less than $300 million. When Bush beat Kerry in 2004, it cost almost 3x times as much, almost $900 Million. 4 years later, the 2008 election cost a record $1.3 Billion. It was in this election where Obama hammered the final nail in the coffin for government funded for elections. Obama, more so than any other candidate in recent decades had the widespread support of millions of small donors, but in the end I guess it wasn’t enough. So when Obama “leaned to the green”, it forever set the precedent that you can’t win without the backing of our nation’s oligarchs. Consequently, the money has only gushed in since as the cost of Obama’s reelection in 2012 skyrocketed to an unfathomable $7 billion. Needless to say this is slightly above the rate of inflation. Our Presidents are now preselected exclusively by a tiny fraction of Americans can have the money to fund what has become necessary for a legitimate run. Summary: Candidates spend years courting the super-rich to build up a multi-billion dollar war chest. Only those who succeed can actually run a campaign that an average American will be aware of. Then Americans get to choose one of the pre-selected “candidates”. No wonder voter turnout is so low… Executive branch, check!
  • – Note that media corporations benefit doubly as they can use their cash to fund elections, but are also the beneficiary of all that money as it is used for campaign spending.
  • Purchase of the Legislative Branch:
  • The process has progressed similarly in Congress. In 1978, outside groups spent $303,000 on congressional races. In 2012 that was up to $457,000,000. That is over 1,500 times the level in 1978. It would be funny, if it was so blatant and terrifying. By many accounts, our “leaders” in Congress spend 50% or more of their time working the phones or fundraisers rather than trying (and failing) to actually do the “people’s business”. Let’s also take a minute to appreciate the hypocrisy of anyone that pretends that the money doesn’t influence our government. Businesses do not give to politicians for charity. This is a payment for services that has proven exceedingly reliable and profitable. The ROI for money invested in purchasing Congressman is what CEO dreams are made of. No wonder the incentive is to invest in Congress rather than R&D or marketing. There are very few places in the world or times in history where you can find ROI’s in the thousands, or even the tens of thousands.
  • Review: Congressmen beg for money to get elected, make sure to vote the way your benefactors would like, consequently get more money to get elected again. If at any point they do lose or quit, they take the big payday to work for those who have been paying them all along. Legislative Branch, Check!
  • In addition, increasingly those who work on Congress (and regulators) were previously employed by these large corporations or expect to work there later. A recent example is Chris Dodd who left the Senate the head lobbyist for Hollywood at the MPAA, the guys behind SOPA and PIPA, but there are many many others.
  • Judicial Branch Endorsement of the Purchase of Government:
  • Last but not least, we have the enabling Judicial Branch. It only took a few purchased presidents to ensure the appointment of a majority of “free market” and “pro-business” judges. For instance, and disgracefully, Clarence Thomas was once legal counsel for Monsanto, but has not once recused himself from any cases involving Monsanto and always votes in their favor. These radicals have now fully endorsed and enabled the influx of money used to purchase the other branches. Specifically, 2 major decisions have completely opened the floodgates, Citizens United and McCutcheon. The first allowed unlimited contributions of corporate money into elections and brought us the notorious declaration that “corporations are people” and that “money is free speech”. This was more recently followed up with the private wealth equivalent in McCutcheon. In this ruling, Supreme Court Chief Justice John Roberts said as part of his majority opinion (presumably with a straight face) “… nor does the possibility that an individual who spends large sums may garner influence over or access to elected officials or political parties”. And with this, the Supreme Court has fully endorsed both major sources of immense wealth to purchase our elections and consequently our government. Review: The rich fund Presidential elections, Presidents nominate “business-friendly” judges and then the bought Congress approves their nominations. New judge then votes to ensure even more money is allowed to purchase elections. Judicial Branch, CHECK!
  • 3. A Faux Republic Dependent Upon the Funders and Not the Voters
  • The Founder’s Hope and the Sad Reality:
  • Acknowledging where we are as a country, it is often helpful to look to where we started for some perspective. Unsurprisingly, this type of problem was not overlooked back in the 18th century. In 1776, James Madison stated that his goal was to design a republic in which “powerful interest groups would be rendered incapable of subdoing the general will”. Madison hoped, perhaps naively, that factions would be thwarted by competing with other factions. Sadly, we are now in a time where factions (aka wealthy special interests) subdue the will of the people and ensure the government responds to them alone on those issues where they have a “special interest” and consequently asymmetric stakes in the game (Charles Hugh Smith). As a result, these groups essentially collude to allocate their resources to their own issues, but do not “thwart” or compete with other factions as they do the same. It’s a pretty great system, as long as you’re one of the wealthy few who can use their money to drown out the poor and voiceless many. And just like that, what was once a Republic has become a corrupt shell of its past self. All the signs are still there; votes, elections, campaigns, branches of government, etc., but behind the scenes the only ones represented are those who can afford to be heard.
  • Summary: This massive consolidation of wealth, combined with the removal of any limits on money in campaigns, has allowed for the purchase of our government, or as Dick Durban once stated, “frankly they [the banks in this case] own the place”. If money = free speech, then those with all the money, have all the free speech.
  • What Might Help? Now that I have likely and thoroughly depressed the reader, let’s bounce around some ideas for what can be done. As stated in the beginning, this is not an unknown problem and many people are promoting a number of ways to fix or at least ameliorate the problem. I will briefly describe just a few which I think provide some direction any of us could easily implement or support.
  • Change the Rules: Laurence Lessig of Harvard Law has put forward a visionary proposal for re-writing the way that campaigns are financed in his book, Republic, Lost: How Money Corrupts Congress--and a Plan to Stop It. Put simply, he would like to empower every voter with a stipend, say $150 per election to give to whatever candidate or candidates they prefer. If you would like to accept this money, you would need to forgo any other contributions or support (one would hope including the indirect PAC kind). This would actually provide even more money than is used in current elections, but would effectively democratize the funding process. While there would still be a “funding election” that takes place before the actual election, the funding would not be unequally provided. Lessig’s work has only begun, as this sort of bill or likely constitutional reform is nearly impossible to achieve, but he has undertaken and I assume will continue to implement many brave and creative ways of bringing about the change all American’s should support. Most recently he has suggested we begin to fund, ironically enough, a Super PAC to end all Super PACs. It would be funded with the solitary goal of changing how money impacts our elections. Please support them here: www.mayone.us/
  • Change Our Day-to-Day: At the more micro level, Charles Hugh Smith believes that we will inevitably see our overly centralized and inefficient system erode away as it is replaced by more resilient, local and efficient businesses and societies outside of the current system. With that in mind, he recommends that “all anyone can do is the basic things--lower our energy footprint, stay healthy and avoid unnecessary medications and procedures, support local businesses, organic food growers, etc. In other words, what we can do is support local businesses that are part of the emerging economy rather than support corporate cartels.” Your Vote Does Matter: Do you live in Ohio, Florida or New Hampshire? Probably not. Despite what we are told every 4 years, there are actually states outside of the “swing states”, and even more surprising, the very large majority of Americans live in those states where your “vote doesn’t matter”. New Yorkers an Californians all know their state will turn Blue no matter who the candidates are and either don’t vote at all, or often vote for the Blue team in order to feel like they are on the winning side.
  • The truth is that if you see the election as Red vs. Blue, you vote probably doesn’t matter. But here is the trick, if all the people who think their vote didn’t matter decided to vote for whom they might actually believe in, then their votes just might matter.
  • What if all the growing number of “Independents” (who usually still vote Blue), chose to vote for a third party? What if a third party candidate won a state like New York or California? What if that candidate was one whose primary promise to the voters was to champion a change to the role of money in government (perhaps in line with what Lessig proposes)? Would you vote for such a person?I would argue you should. If California alone (with 55 electoral votes) were to vote for a 3rd party that would likely prevent either Red or Blue candidate from winning the requisite 270 electoral votes.
  • Think about the message that would send to both parties. I would predict that both sides would start to bend over backwards for an endorsement from that 3rd party and they would have to get it by taking up the same primary cause for reforming money in government. Consequently, at the root of our corrupted system which is perpetually ignored as both sides might suddenly become the big issue of the election. Then maybe we might begin to turn things around.
  • Sources: Charles Hugh Smith (oftwominds, Surivival+, etc.), Yves Smith (Naked Capitalism, Econned), Laurence Lessig (Republic Lost, multiple TED Talks), Matt Taibbi (blog at Rolling Stone and now at The Intercept), Zero Hedge, John Robb, Max Keiser, Clay Shirky (Cognitive Surplus), Aldous Huxley (Brave New World, Brave New World Revisited), George Orwell (1984), Michael Lewis, Daniel Kahneman (Thinking Fast and Slow), James Richards (Currency Wars), Han Joon Chang (23 Things They Don’t Tell You About Capitalism) and Joseph Stiglitz (Mismeasuring Our Lives) 
Paul Merrell

"Secret Scheme To Manipulate The Price Of Silver" - Lawsuits Against Banks Proceed | In... - 1 views

investmentwatchblog.com/lawsuits-against-banks-proceed

banksters litigation silver silver-futures

shared by Paul Merrell on 17 Oct 14 - No Cached
  • Litigation alleging that Deutsche Bank, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver were centralised in a Manhattan federal court yesterday. The banks have been accused of rigging the price of billions of dollars in silver to the detriment of investors globally. Lawsuits filed by investors since July over the allegations were consolidated yesterday in the U.S. District Court for the Southern District of New York, following an order issued last Thursday by the U.S. Judicial Panel on Multidistrict Litigation, a special body of federal judges that decides when and where to consolidate related lawsuits. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit. Investors claim, the banks unlawfully manipulated silver and silver futures.
  • The U.S. Judicial Panel on Multidistrict Litigation ruled that the cases should be handled by U.S. District Judge Valerie Caproni in Manhattan, who is already overseeing similar litigation over alleged gold price fixing. Three lawsuits were originally filed in Manhattan, and two were filed in Brooklyn. The plaintiffs in the Brooklyn lawsuits had sought to have the litigation consolidated there. The banks had also asked that the litigation be consolidated in Brooklyn, in the Eastern District of New York. However, the multidistrict litigation panel said Manhattan made more sense because the defendants all had corporate offices there and also because the cases involved issues similar to the gold litigation. The plaintiffs allege that the banks abused their power as participants in the silver fix, a London based benchmark pricing method dating back to the Victorian era, in which banks fixed silver prices once a day by phone. In August, the system was replaced by a new benchmark system administered by the CME (Chicago Mercantile Exchange) and Thomson Reuters.
  • HSBC spokesman Neil Brazil declined to comment and representatives of the other banks did not immediately respond to requests for comment. This follows the initiation of similar actions against some bullion banks for alleged gold price manipulation earlier this year. The three named banks, Deutsche Bank, Bank of Nova Scotia, and HSBC are alleged to have abused their position at the LBMA to profit from inside knowledge. The fixing of the price of silver is a daily operation where banks on the panel of the LBMA agree on a price for the precious metals which are then used throughout the financial, jewellery and mining industries throughout the day. It is alleged that some of the banks who fix the price, position themselves advantageously in the silver market before the price is made public. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits,” plaintiff Scott Nicholson told the AFP. Separately, Bullion Desk reported yesterday that JPMorgan Chase Bank is now the fifth accredited member of the silver pricing benchmark, the LBMA has confirmed, with others parties “in the pipeline”, a spokesman said.
  • ...2 more annotations...
  • The American multinational bank which has been the subject of silver manipulation allegations by Max Keiser and others, took part in its first silver benchmarking session yesterday. A spokesperson said they had completed “strict regulatory controls” for accredited members.. JP Morgan becomes the fifth member, alongside HSBC Bank USA, Mitsui & Co Precious Metals, the Bank of Nova Scotia – ScotiaMocatta and UBS AG. Furthermore, the LBMA has confirmed that several other parties are also in the process of joining the list, subject to passing regulatory requirements. Several Chinese banks have expressed interest in participating in the new global price setting mechanism for silver, according to the head of the LBMA. The LBMA ushered in a new era of electronic benchmarking for London’s precious metals market in August when an algorithm was used for the first time to set the benchmark price for silver after recent scandals regarding price fixing and concerns about the nature of the gold and silver fix. It will be interesting to see if Chinese banks partake in the new fix process as the concern is that the fixes remain the play things of certain western banks and are not representative of global physical demand and supply of actual gold and silver bullion.
  • Manipulation of the silver market was covered in a recently released ‘Get REAL’ Special on Silver presented by Jan Skoyles. Mark O’Byrne of Goldcore.com was interviewed and the interview was an in depth look at this silver market today.
Paul Merrell

M of A - Al-Qaeda Consolidates Its Front Groups In Syria - 0 views

www.moonofalabama.org/...its-front-groups-in-syria.html

war & peace Syria al-Sham al-Qaeda consolidation

shared by Paul Merrell on 28 Jan 17 - No Cached
  • Al-Qaeda in Syria (aka Jaish Fateh al-Sham aka Nusra Front) did attack several local groups, raided their headquarters and confiscated their CIA supplied weapon and ammunition caches. One major alliance of local groups, the Army of Mujaheddin, was eliminated. Other local groups took refuge by joining Ahrar al-Sham: SOHR was informed that the factions of Soqor al-Sham, alMOjahdin Army, Eqtasim Kama Amart grouping, al-Islam Army in Idlib and the Shamia front in western Aleppo, joined Ahrar al-Sham Islamic faction against Fateh al_Sham front It seem that the plan for now is to keep Ahrar al-Sham as a "moderate" front group for al-Qaeda while eliminating all other "moderate" forces on the ground. Parts of Ahrar al-Sham take part in the Turkish "Euphrates Shield" operation against the Islamic State while al-Qaeda in Syria is no longer openly supported by the Turkish state. The ruse of the claimed fight between Ahrar and al-Qaeda is used to uphold a distinction between these groups even when hardly any exists. Ahrar al-Sham was, like al-Qaeda in Syria, founded by a senior member of al-Qaeda central under command of the al-Qaeda's central leader Ayman al-Zawahiri.
  • There once were components within Ahrar that argued for a less radical course. But other significant parts had argued for officially joining al-Qaeda. The middle ground found now is to cooperated with al-Qaeda as a means for absorbing all other "rebel" groups on the ground while keeping up good relations with Turkey. Some (minor) ideological differences between Ahrar and al-Qaeda in Syria still exist. It is expected that a fight for primacy will indeed start between (parts of) these two groups in the not so distant future. But that will only happen after all weaker groups on the ground are eliminated and after Ahrar is exposed and can no longer act as a Turkish supported intermediary for weapons and other supplies.
Gary Edwards

Thoughts from the Frontline: The Center Cannot Hold by John Mauldin - 0 views

www.2000wave.com/article.asp

john-mauldin frontline economic-rules government-debt

shared by Gary Edwards on 05 Jun 10 - Cached
  • The Minsky Journey is where investment goes from what Minsky called a hedge unit, where the investment is its own source of repayment; to a speculative unit, where the investment only pays the interest; to a Ponzi unit, where the only way to repay the debt is for the value of the investment to rise.
  • Gary Edwards on 05 Jun 10
     
    "Our examination of the future of public debt leads us to several important conclusions. First, fiscal problems confronting industrial economies are bigger than suggested by official debt figures that show the implications of the financial crisis and recession for fiscal balances. As frightening as it is to consider public debt increasing to more than 100% of GDP, an even greater danger arises from a rapidly ageing population. The related unfunded liabilities are large and growing, and should be a central part of today's long-term fiscal planning. "It is essential that governments not be lulled into complacency by the ease with which they have financed their deficits thus far. In the aftermath of the financial crisis, the path of future output is likely to be permanently below where we thought it would be just several years ago. As a result, government revenues will be lower and expenditures higher, making consolidation even more difficult. But, unless action is taken to place fiscal policy on a sustainable footing, these costs could easily rise sharply and suddenly. "Second, large public debts have significant financial and real consequences. The recent sharp rise in risk premia on long-term bonds issued by several industrial countries suggests that markets no longer consider sovereign debt low-risk. The limited evidence we have suggests default risk premia move up with debt levels and down with the revenue share of GDP as well as the availability of private saving. Countries with a relatively weak fiscal system and a high degree of dependence on foreign investors to finance their deficits generally face larger spreads on their debts. This market differentiation is a positive feature of the financial system, but it could force governments with weak fiscal systems to return to fiscal rectitude sooner than they might like or hope. "Third, we note the risk that persistently high levels of public debt will drive down capital accumulation, productivity growth and lon
Paul Merrell

Following New FCC Rules, Massive Corporate Consolidation Of Local News Underway - 0 views

www.mintpressnews.com/...227770

media-consolidation local-news

shared by Paul Merrell on 13 May 17 - No Cached
  • In a deal that will allow one broadcasting company to reach 72 percent of U.S. households through ownership of local news stations, it was reported this week that Sinclair Broadcast Group is buying Tribune Media for nearly $4 billion. Such a move wouldn’t have been possible a few weeks back, but Donald Trump’s new Federal Trade Commission (FCC) chairman, Ajit Pai, just began implementing sweeping changes to previously established media ownership rules. Bloomberg explains:
  • “A Sinclair-Tribune merger was made easier last month when the FCC restored a rule that allows TV station groups to count just half of their coverage area for Ultra High-Frequency stations to comply with a 39 percent nationwide cap set by Congress.
  • “So we’re seeing a concentration of power on the broadcast side at the same time they are building up these powerful new gatekeepers, really doing the bidding of the most powerful companies and just paving the way for them to do whatever they want.” Using Sinclair as an example, Aaron goes on to talk about how broadcasting giants are able to push the content they want across multiple platforms simultaneously: “So they both like to try to buy up multiple stations in the same market, have one newscast going on multiple channels, as well as doing as much as they can from Sinclair headquarters in terms of pushing content out to their whole network.” Calling Ajit Pai’s moves at the FCC “scandalous,” Aaron highlights the complexity of modern media and says that now — more than ever — we need an aware, conscious populace: “So, at a time where we need more local news, more competition, more choices, better-informed communities, what we’re getting is the same cookie-cutter content coast to coast.”
Gary Edwards

The Daily Bell - 1 views

www.thedailybell.com

Gary-Allen Daily-Bell

shared by Gary Edwards on 08 Apr 13 - No Cached
  • Gary Edwards on 08 Apr 13
     
    ""If one understands that Socialism is not a 'share the wealth' program but is in reality a method to consolidate and control the wealth, then the seeming paradox of super rich men promoting Socialism becomes no paradox at all. Instead it becomes logical, even the perfect tool of power-seeking megalomaniacs. Communism, or more accurately Socialism, is not a movement of the down-trodden masses but of the economic elite." Gary Allen"
Gary Edwards

First Tea Party, Now Trump: Battle Against Globalization Gains Strength | The Daily Bell - 0 views

www.thedailybell.com/...t-globalization-gains-strength

Tea-Party-Patriots Trump Globalist

shared by Gary Edwards on 06 May 16 - No Cached
  • The larger question, (and this Bloomberg article addresses it in its own way) is one that we used to ask with some regularity: Are Western elites going to have to take a step back?
  • What it construes as  a “cultural retreat” is actually a manifestation of both a free society and representative democracy.
  • Indeed this conflict will likely present itself ever-more powerfully throughout the 21st century. It is the conflict between globalism and freedom.
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  • The US political system is NOT engineered to allow a rejection of elite, globalism. The modern Western political system is almost entirely in thrall to this sort of internationalism.
  • The ultimate solution to what has occurred in the 20th and now 21st century will evolve from individual action and people literally find new ways of addressing and rejecting elite control.
  • Gary Edwards on 06 May 16
     
    "More and more, Donald Trump seems to us at least partially an extension of the Tea Party movement that the US mainstream media declared dead a few years ago. Whether Trump wins or not, or whether his campaign and then his presidency is considered a "success" is in a sense incidental. The larger question, (and this Bloomberg article addresses it in its own way) is one that we used to ask with some regularity: Are Western elites going to have to take a step back? From a social, political, economic and investment perspective, what will the West and the world look like if the quasi-libertarian impulse represented by Trump and the Tea Party somehow emerge victorious in the US? What Trump represents is like an incoming tide. You can divert it or dam it momentarily but it will not be halted in the longer term. It will reach its destination, whatever that is. We've written a number of articles, for instance, pointing out that one of the unfortunate results of the Trump candidacy may be to inflame tensions between Hispanics and white, Western culture. The idea is that these tensions can lead to a rapprochement that reignites a previous movement to further align and consolidate Mexican and US economies and even sociopolitical elements. Additionally, some Trump statements have an authoritarian and populist ring to them that seem to indicate a Trump presidency would reinforce certain oppressive and anti-freedom aspects federal power. But as Trump approaches, potentially, a successful destination, the ramifications of what he has accomplished - and may yet accomplish - should be considered seriously by anyone living in the US or affected by Western power."
Paul Merrell

Americans' Trust in Mass Media Sinks to New Low - 0 views

www.gallup.com/...-mass-media-sinks-new-low.aspx

polls MSM public-confidence

shared by Paul Merrell on 19 Sep 16 - No Cached
  • Americans' trust and confidence in the mass media "to report the news fully, accurately and fairly" has dropped to its lowest level in Gallup polling history, with 32% saying they have a great deal or fair amount of trust in the media. This is down eight percentage points from last year.
  • Gallup began asking this question in 1972, and on a yearly basis since 1997. Over the history of the entire trend, Americans' trust and confidence hit its highest point in 1976, at 72%, in the wake of widely lauded examples of investigative journalism regarding Vietnam and the Watergate scandal. After staying in the low to mid-50s through the late 1990s and into the early years of the new century, Americans' trust in the media has fallen slowly and steadily. It has consistently been below a majority level since 2007.
  • Democrats' and independents' trust in the media has declined only marginally, with 51% of Democrats (compared with 55% last year) and 30% of independents (versus 33% last year) expressing trust. Over the past 20 years, Democrats have generally expressed more trust than Republicans in the media, although in 2000, the two parties were most closely aligned, with 53% of Democrats and 47% of Republicans professing trust.
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  • While it is clear Americans' trust in the media has been eroding over time, the election campaign may be the reason that it has fallen so sharply this year. With many Republican leaders and conservative pundits saying Hillary Clinton has received overly positive media attention, while Donald Trump has been receiving unfair or negative attention, this may be the prime reason their relatively low trust in the media has evaporated even more. It is also possible that Republicans think less of the media as a result of Trump's sharp criticisms of the press. Republicans who say they have trust in the media has plummeted to 14% from 32% a year ago. This is easily the lowest confidence among Republicans in 20 years.
  • Older Americans are more likely than younger Americans to say they trust the media, but trust has declined among both age groups this year. Currently, 26% of those aged 18 to 49 (down from 36% last year) and 38% of those aged 50 and older (down from 45%) say they have a great deal or fair amount of trust in the media.
  • In 2001, younger Americans (55%) were more likely than older Americans (50%) to express trust and confidence in mass media. This gap emerged again in 2005 when 53% of 18- to 49-year-olds had trust and 45% of those 50 and older expressed the same sentiment. Yet in the past decade, older Americans have mostly had more confidence than younger Americans, and this year, the gap between these age groups is 12 points. And 2016 marks the first time that confidence among older Americans has dropped below 40% in polling since 2001.
  • The divisive presidential election this year may be corroding Americans' trust and confidence in the media, particularly among Republicans who may believe the "mainstream media" are too hyperfocused on every controversial statement or policy proposal from Trump while devoting far less attention to controversies surrounding the Clinton campaign. However, the slide in media trust has been happening for the past decade. Before 2004, it was common for a majority of Americans to profess at least some trust in the mass media, but since then, less than half of Americans feel that way. Now, only about a third of the U.S. has any trust in the Fourth Estate, a stunning development for an institution designed to inform the public. With the explosion of the mass media in recent years, especially the prevalence of blogs, vlogs and social media, perhaps Americans decry lower standards for journalism. When opinion-driven writing becomes something like the norm, Americans may be wary of placing trust on the work of media institutions that have less rigorous reporting criteria than in the past. On the other hand, as blogs and social media "mature," they may improve in the American public's eyes. This could, in turn, elevate Americans' trust and confidence in the mass media as a whole.
  • Paul Merrell on 19 Sep 16
     
    Personally, I suspect the fact that mainstream media's journalism standards have dropped as MSM ownership has been consolidated into 6 giant corporations might have far more to do with the decline. So declined too has been the relevance of editorial focus. In other words, MSM has only itself to blame for the public's loss of confidence. Fortunately, we've seen the rise of independent investigative journalism via the internet. Alternative media now offers far richer sources of information than MSM, once you learn to filter unreliable sources.
Paul Merrell

US Policymakers Propose Working Closer with the State Sponsors of the Islamic State (IS... - 0 views

www.globalresearch.ca/...5560813

war & peace U.S.-foreign-policy Saudis Turkey state-sponsors-of-terrorism Brookings

shared by Paul Merrell on 10 Dec 16 - No Cached
  • US-based corporate-financier funded policy think tank, the Brookings Institution, published a particularly incoherent piece titled, “Should we work with the devil we know against the Islamic State?” The piece’s author, a senior fellow in the Center for Middle East Policy at Brookings, Daniel Byman, claims (emphasis added): Saudi Arabia has proven a major source of terrorist recruits and financing, while the Syria-Turkey border was a major crossing point for Islamic State recruits. Both countries [Saudi Arabia and Turkey] still have much to do, but that’s the point—if the Trump administration alienates them, the Islamic State problem will get much worse. With the United States on the other side in Syria, Turkey and Saudi Arabia might send anti-aircraft weapons to Syrian rebels and otherwise escalate the fighting in ways dangerous for international terrorism—actions that, so far, the United States has helped reduce. In essence, Byman is admitting what the rest of the world already long ago concluded – the vast fighting capacity the so-called “Islamic State” (ISIS) possesses is not only a result of immense state sponsorship, it is sponsored by two of America’s closest allies in the region – Saudi Arabia and NATO-member Turkey.
  • Byman’s other ‘moral metrics’ for opposing Syria include “supporting terrorism against Israel” and being otherwise opposed to “U.S. interests,” but neither accusation is qualified. In reality, Byman is admitting that the US is aligned with two of the largest regional sponsors of terrorism, including sponsors aiding and abetting ISIS itself, and seeks to depose the Syrian government because it otherwise opposes US interests. Byman then claims: Assad’s regime is the primary culprit in a war that has killed roughly half a million Syrians and driven millions more into long-term exile. Byman also laments that an Assad victory would create more refugees still – apparently oblivious to the “successful” regime change the US carried out in Libya in 2011, leaving the nation a failed state and the epicenter of the current and still ongoing regional refugee crisis. In his eagerness to blame the Syrian government for the ongoing war, Byman strategically omits his own direct role and those of other US policymakers who, for years before the war began, advocated and plotted for its fruition.
  • As early as 2007, US journalists like Pulitzer Prize-winner Seymour Hersh warned of US policymakers plotting with Saudi Arabia to use militants aligned with Al Qaeda to overthrow the governments of both Syria and Iran. In his article, “The Redirection: Is the Administration’s new policy benefitting our enemies in the war on terrorism?,” Hersh prophetically reported (emphasis added): To undermine Iran, which is predominantly Shiite, the Bush Administration has decided, in effect, to reconfigure its priorities in the Middle East. In Lebanon, the Administration has coöperated with Saudi Arabia’s government, which is Sunni, in clandestine operations that are intended to weaken Hezbollah, the Shiite organization that is backed by Iran. The U.S. has also taken part in clandestine operations aimed at Iran and its ally Syria. A by-product of these activities has been the bolstering of Sunni extremist groups that espouse a militant vision of Islam and are hostile to America and sympathetic to Al Qaeda. Byman himself, in 2009, would sign his name to a Brookings policy paper titled, “Which Path to Persia?: Options for a New American Strategy Toward Iran” (PDF), in which he and other US policymakers would advocate the use of terrorism, color revolutions, staged provocations, sanctions and a vast array of other methods to provoke war with and overthrow the government of Iran. As a prerequisite for war with Iran, the paper noted that Syria would need to be dealt with. In 2011, it became clear that many of the methods described in minute detail in the Brookings policy paper were put into practice, targeting the government in Damascus, not Tehran.
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  • Byman’s latest piece promoted by Brookings all but admits the US maintains an alliance of convenience with the state sponsors of ISIS – not to defend any sort of value, principle, or moral imperative, but instead to achieve a self-serving geopolitical objective at the cost of such values, principles, and moral imperatives. Byman concludes by claiming the Syrian government is too weak to consolidate control over Syria, omitting that there exists no alternative more unified or capable than the Syrian government. He then claims that the US should continue backing the “Syrian opposition,” either oblivious of or indifferent to the fact that no such thing exists aside from ISIS and other foreign sponsored terrorist organizations. Aside from Raqqa and Idlib run by ISIS and Al Qaeda’s Syrian franchise – Al Nusra respectively, the Syrian government has already indeed consolidated control over the country’s main urban centers, including Aleppo. For Byman and other policymakers like him, they find themselves moving imaginary armies across the battlefield that simply do not exist. In the end, the US will have to either abandon its enterprise in Syria, or pledge increasingly open support for ISIS and Al Nusra.
Paul Merrell

Israel's settlement law: Consolidating apartheid | Israel | Al Jazeera - 0 views

www.aljazeera.com/...eft-legal-170208083626345.html

war & peace Palestine Israel annexation apartheid

shared by Paul Merrell on 14 Feb 17 - No Cached
  • "Israel has just opened the 'floodgates', and crossed a 'very, very thick red line'." These were the words of Nickolay Mladenov, United Nations' Coordinator for the Middle East Peace Process, in response to the passing of a bill at the Israeli Knesset on February 7 that retroactively legalises thousands of illegal settler homes, built on stolen Palestinian land. Mladenov's job title has grown so irrelevant in recent years that it merely delineates a reference to a bygone era: a "peace process" that has ensured the further destruction of whatever remained of the Palestinian homeland. Israeli politicians' approval of the bill is indeed an end of an era. We have reached the point where we can openly declare that the so-called peace process was an illusion from the start, for Israel had no intentions of ever conceding the occupied West Bank and East Jerusalem to the Palestinians. In response to the passing of the bill, many news reports alluded to the fact that the arrival of Donald Trump in the White House, riding a wave of right-wing populism, was the inspiration needed by equally right-wing Israeli politicians to cross that "very, very thick red line". There is truth to that, of course. But it is hardly the whole story.
  • The political map of the world is vastly changing. Just weeks before Trump made his way to the Oval Office, the international community strongly condemned Israel's illegal settlements on Palestinian land occupied since 1967, including East Jerusalem.
  • That date, Trump's inauguration was the holy grail for Israel's right-wing politicians, who mobilised immediately after Trump's rise to power. Israel's intentions received additional impetus from Britain's Conservative Prime Minister, Theresa May. Despite her government vote to condemn Israeli settlements at the UN, she too ranted against the US for its censure of Israel.
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  • The so-called "Regulation Bill" will retroactively validate 4,000 illegal structures built on private Palestinian land. In the occupied Palestinian territories, all Jewish settlements are considered illegal under international law, as further indicated in UNSC Resolution 2334. There are also 97 illegal Jewish settlement outposts - a modest estimation - that are now set to be legalised and, naturally, expanded at the expense of Palestine. The price of these settlements has been paid mostly by US taxpayers' money, but also the blood and tears of Palestinians, generation after generation. It is important, though, that we realise that Israel's latest push to legalise illegal outposts and annex large swaths of the West Bank is the norm, not the exception.
  • With the UK duly pacified, and the US in full support of Israel, moving forward with annexing Palestinian land became an obvious choice for Israeli politicians. Bezalel Smotrich, a Knesset member of the extremist Jewish Home party, put it best. "We thank the American people for voting Trump into office, which was what gave us the opportunity for the bill to pass," he said shortly after the vote.
  • But what is the Palestinian leadership doing about it? "I can't deny that the (bill) helps us to better explain our position. We couldn't have asked for anything more," a Palestinian Authority official told Al-Monitor on condition of anonymity, as quoted by Shlomi Elder. WATCH: 'The settlers and the guards harass us and our children' (2:35) Elder writes: "The bill, whether it goes through or is blocked by the Supreme Court, already proves that Israel is not interested in a diplomatic resolution of the conflict."
  • The greatest mistake that the Palestinian leadership has committed (aside from its disgraceful disunity) was entrusting the US, Israel's main enabler, with managing a "peace process" that has allowed Israel time and resources to finish its colonial projects, while devastating Palestinian rights and political aspirations. Returning to the same old channels, using the same language, seeking salvation at the altar of the same old "two-state solution" will achieve nothing, but to waste further time and energy. It is Israel's obstinacy that is now leaving Palestinians (and Israelis) with one option, and only one option: equal citizenship in one single state or a horrific apartheid. No other "solution" suffices. In fact, the Regulation Bill is further proof that the Israeli government has already made its decision: consolidating apartheid in Palestine. If Trump and May find the logic of Netanyahu's apartheid acceptable, the rest of the world shouldn't. In the words of former President Jimmy Carter, "Israel will never find peace until it ... permit(s) the Palestinians to exercise their basic human and political rights." That Israeli "permission" is yet to arrive, leaving the international community with the moral responsibility to exact it.
  • Paul Merrell on 14 Feb 17
     
    Not mentioned in the article: the Knesset's Regulation Bill formally annexed territory inside the West Bank and holds that Israeli law, rather than military law, will now govern the annexed portions. That is the fact that establishes a clean break with the 2-state solution and flies in the face of international law including the Fourth Geneva Convention, which strictly prohibits annexation and requires the immediate withdrawal of invading military forces from occupied territories immediately upon cessation of hostilities, which occurred in 1967. The two-state solution is dead, although the Regulation Bill will likely be overturned by the Israeli Supreme Court. Trump gave Israel's ultra-right wing leaders way too much encouragement.
Gary Edwards

Rush Limbaugh Discusses Front Page Magazine Civil War Column | Frontpage Mag - 1 views

www.frontpagemag.com/...gazine-civil-daniel-greenfield

civil-war

shared by Gary Edwards on 06 Apr 17 - No Cached
  • Gary Edwards on 06 Apr 17
     
    "The emperor of the airwaves, Rush Limbaugh, discussed a Front Page Magazine column on the Civil War that I wrote. The column titled, The Civil War is Here has raised basic issues about what the left is doing. The left has rejected the outcome of the last two presidential elections won by Republicans. It has rejected the judicial authority of the Supreme Court when it decisions don't accord with its agenda. It rejects the legislative authority of Congress when it is not dominated by the left...  There is no form of legal authority that the left accepts as a permanent institution. It only utilizes forms of authority selectively when it controls them. But when government officials refuse the orders of the duly elected government because their allegiance is to an ideology whose agenda is in conflict with the President and Congress, that's not activism, protest, politics or civil disobedience; it's treason. After losing Congress, the left consolidated its authority in the White House. After losing the White House, the left shifted its center of authority to Federal judges and unelected government officials. Each defeat led the radicalized Democrats to relocate from more democratic to less democratic institutions. Rush Limbaugh discussed the column at length in today's broadcast. Here is some of what he said. "
Gary Edwards

The Civil War is Here | Frontpage Mag - 0 views

www.frontpagemag.com/...vil-war-here-daniel-greenfield

civil-war

shared by Gary Edwards on 06 Apr 17 - No Cached
  • Gary Edwards on 06 Apr 17
     
    "Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is a New York writer focusing on radical Islam. A civil war has begun. This civil war is very different than the last one. There are no cannons or cavalry charges. The left doesn't want to secede. It wants to rule. Political conflicts become civil wars when one side refuses to accept the existing authority. The left has rejected all forms of authority that it doesn't control. The left has rejected the outcome of the last two presidential elections won by Republicans. It has rejected the judicial authority of the Supreme Court when it decisions don't accord with its agenda. It rejects the legislative authority of Congress when it is not dominated by the left. It rejected the Constitution so long ago that it hardly bears mentioning.   It was for total unilateral executive authority under Obama. And now it's for states unilaterally deciding what laws they will follow. (As long as that involves defying immigration laws under Trump, not following them under Obama.) It was for the sacrosanct authority of the Senate when it held the majority. Then it decried the Senate as an outmoded institution when the Republicans took it over. It was for Obama defying the orders of Federal judges, no matter how well grounded in existing law, and it is for Federal judges overriding any order by Trump on any grounds whatsoever. It was for Obama penalizing whistleblowers, but now undermining the government from within has become "patriotic". There is no form of legal authority that the left accepts as a permanent institution. It only utilizes forms of authority selectively when it controls them. But when government officials refuse the orders of the duly elected government because their allegiance is to an ideology whose agenda is in conflict with the President and Congress, that's not activism, protest, politics or civil disobedience; it's treason. After losing Congress, the left consolidated
Gary Edwards

Problem Bank List - powered by FeedBurner - 0 views

feeds.feedburner.com/ProblemBankList

Problem-Bank-List

shared by Gary Edwards on 09 Nov 11 - No Cached
  • Gary Edwards on 09 Nov 11
     
    Very interesting perspective on why Banks are taking down the world economy.  Starts with discussion on the Clinton 1994 Interstate Banking Act that allowed banks to cross over State lines and consolidate services.  Lots of acquisitions.  Propensity by Banksters to take larger risks. Interesting question for fixing the Bankster problem: tougher government regulation and micro management rules OR capitalism?  Let government take over, or let the free market sort things out?  quote: " Right now, we have the worst of both worlds. We have a purportedly capitalistic system with a lot of rules that are not strictly enforced, and when things go wrong, the government steps in to protect banks from the market consequences of their own worst decisions. To me, that's not capitalism."
Paul Merrell

'Black budget' summary details U.S. spy network's successes, failures and objectives - ... - 0 views

www.washingtonpost.com/...8cdd-bcdc09410972_story_4.html

surveillance state NSA spy-agencies budget black-budget cryptography

shared by Paul Merrell on 01 Sep 13 - No Cached
  • U.S. spy network’s successes, failures and objectives detailed in ‘black budget’ summary
  • Nearly 35,000 employees are listed under a category called the Consolidated Cryptologic Program, which includes the NSA as well as the surveillance and code-breaking components of the Air Force, Army, Navy and Marines.
  • The resources devoted to signals intercepts are extraordinary.Nearly 35,000 employees are listed under a category called the Consolidated Cryptologic Program, which includes the NSA as well as the surveillance and code-breaking components of the Air Force, Army, Navy and Marines.
Paul Merrell

Palestinians to pursue bid to join 60 international bodies | The Times of Israel - 0 views

www.timesofisrael.com/o-join-60-international-bodies

shared by Paul Merrell on 29 Apr 14 - No Cached
  • n a further departure from the crisis-stricken Israeli-Palestinian negotiating framework, the Palestine Liberation Organization’s central council on Sunday adopted a plan to pursue attempts to join 60 United Nations bodies and international agreements
  • n a further departure from the crisis-stricken Israeli-Palestinian negotiating framework, the Palestine Liberation Organization’s central council on Sunday adopted a plan to pursue attempts to join 60 United Nations bodies and international agreements.
  • Meanwhile, the central council decided to establish “the legal center for the state of Palestine,” tasked with advising the central council and the PLO’s executive committee, according to the official WAFA news agency. Reasserting Palestinian refusal to recognize Israel as a Jewish state, the central council broke from previous Palestinian negotiating positions, demanding “a complete end to the occupation of the Palestinian state, the illegitimacy of settlements in all their forms, and a refusal of land swaps.”
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  • The council also decided to turn to the UN Security Council or convene an international peace conference “leading to the implementation of UN resolutions.”
  • A nine-month negotiating period brokered by the US is due to end on Tuesday, and US President Barack Obama said at the weekend that a “pause” in US efforts might now be necessitated.
  • Paul Merrell on 29 Apr 14
     
    The Kerry attempt to broker a 2-state solution to the Palestine Question is over, notwithstanding being labeled as a "pause." The two separate governments of Gaza and the West Bank are merging (if they can pull it off this time), and the consolidated State of Palestine will now pursue a 2-state solution without America's intervention. That is wise (assuming the 2-state solution is wise, a huge leap of faith), because the U.S. was never an honest broker in the negotiations at any stage. Of course, legislation has already been introduced in Congress to end foreign aid for the Palestine Liberation Organization. One suspects that the PLO has other financial aid waiting in the wings, very conceivably from the BRICS nations.
Paul Merrell

Asia Times Online :: World Affairs - 0 views

www.atimes.com/...WOR-03-240414.html

war & peace Ukraine E.U. China U.S.-foreign-policy

shared by Paul Merrell on 28 Apr 14 - No Cached
  • By Pepe Escobar Let's start with a flashback to February 1992 - only two months after the dissolution of the Soviet Union. First draft of the US government's Defense Planning Guidance. It was later toned down, but it still formed the basis for the exceptionalist dementia incarnated by the Project for the New American Century; and also reappeared in full glory in Dr Zbig "Let's Rule Eurasia" Brzezinski's 1997 magnum opus The Grand Chessboard. It's all there, raw, rough and ready: Our first objective is to prevent the reemergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> the order of that posed by the Soviet Union. This ... requires that we endeavor to prevent any hostile power from dominating a region whose resources would, under consolidated control, be sufficient to generate global power. These regions include Western Europe, East Asia, the territory of the former Soviet Union, and Southwest Asia.
  • By Pepe Escobar Let's start with a flashback to February 1992 - only two months after the dissolution of the Soviet Union. First draft of the US government's Defense Planning Guidance. It was later toned down, but it still formed the basis for the exceptionalist dementia incarnated by the Project for the New American Century; and also reappeared in full glory in Dr Zbig "Let's Rule Eurasia" Brzezinski's 1997 magnum opus The Grand Chessboard. It's all there, raw, rough and ready: Our first objective is to prevent the reemergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> the order of that posed by the Soviet Union. This ... requires that we endeavor to prevent any hostile power from dominating a region whose resources would, under consolidated control, be sufficient to generate global power. These regions include Western Europe, East Asia, the territory of the former Soviet Union, and Southwest Asia.
  • That's all one needs to know about the Obama administration's "pivoting to Asia", as well as the pivoting to Iran ("if we're not going to war", as US Secretary of State John Kerry let it slip) and the pivoting to Cold War 2.0, as in using Ukraine as a "new Vietnam" remix next door to Russia. And that's also the crucial context for Obama's Pax Americana Spring collection currently unrolling in selected Asian catwalks (Japan, South Korea, Malaysia and Philippines).
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  • The Spring collection is far from derailing other pivoting - whose latest offering is the current "anti-terrorist" campaign in eastern Ukraine by the Kiev regime changers, which follows a most curious calendar. CIA's John Brennan hits Kiev, and the regime changers launch their first war on terra. Dismal failure ensues. Vice President Joe Biden visits Kiev and the regime changers, right on cue, relaunch their war on terra. Thus the pivoting to Cold War 2.0 proceeds unabated, as in Washington working hard to build an iron curtain between Berlin and Moscow - preventing further trade integration across Eurasia - via instigation of a civil war in Ukraine. German Chancellor Angela Merkel remains on the spot: it's either Atlantic high-fidelity or her Ostpolitik - and that's exactly where Washington wants her.
  • How's Beijing reacting to all this hysteria? Simple: by reaping dividends. Beijing wins with the US offensive trying to alienate Moscow from Western markets by getting a better pricing deal on the supply of Eastern Siberian gas. Beijing wins from the European Union's fear of losing trade with Russia by negotiating a free-trade agreement with its largest trading partner, which happens to the be the EU. And then, the sterling example. Just compare Obama's Spring collection tour, as a pivoting appendix, to the current tour of Cuba, Venezuela, Brazil and Argentina by Chinese Foreign Minister Wang Yi. It's a business bonanza, focused on bilateral financing and, what else, trade deals. It's all in the mix: Peruvian and Chilean copper; Brazilian iron and soybeans; support for Venezuelan social programs and energy development; support for Cuba in its interest for greater Chinese involvement in Venezuela, which supplies Cuba with subsidized energy.
  • And all this against the background of a Beltway so excited that the Chinese economy is in deep trouble. It's not - it grew at 7.4% year-on-year for the first quarter of 2014. Demand for iron and copper won't significantly slow down - as the Beijing-driven urbanization drive has not even reached full speed. Same for soybeans - as millions of Chinese increasingly start eating meat on a regular basis (soybean products are a crucial feedstock). And, of course, Chinese companies will not losee their appetite for diversifying all across South America. For the large, upcoming Chinese middle class - on their way to becoming full-fledged members of the number one economic power in the world by 2018 - this Spring collection is a non-starter. He or she would rather hit Hong Kong and queue up in Canton Road to buy loads of Hermes and Prada - and then strategically celebrate with Jiro quality, non-Fukushima-radiated, sushi.
  • Paul Merrell on 28 Apr 14
     
    Escobar's point that for the U.S., Ukraine is about building an iron curtain between Russia and the E.U. should not be missed. 
Gary Edwards

Banksters: The ultimate fascism center - 0 views

www.informationclearinghouse.info/article28637.htm

information-clearing-house financial-collapse sovereign-debt-crisis

shared by Gary Edwards on 22 Jul 11 - No Cached
  • Gary Edwards on 22 Jul 11
     
    Thanks to Marbux :) A history of the financial collapse and how we got to the sovereign debt crisis of today.  Excellent  stuff.  A factual account that i couldn't find fault with.  Very lengthy read though. excerpt: Bailout the Bankers, Punish the People In the fall of 2008, the Bush administration sought to implement a bailout package for the economy, designed to save the US banking system. The leaders of the nation went into rabid fear mongering. Advertising the bailout as a $700 billion program, the fine print revealed a more accurate description, saying that $700 billion could be lent out "at any one time." As Chris Martenson wrote: This means that $700 billion is NOT the cost of this dangerous legislation, it is only the amount that can be outstanding at any one time.  After, say, $100 billion of bad mortgages are disposed of, another $100 billion can be bought.  In short, these four little words assure that there is NO LIMIT to the potential size of this bailout. This means that $700 billion is a rolling amount, not a ceiling. So what happens when you have vague language and an unlimited budget?  Fraud and self-dealing.  Mark my words, this is the largest looting operation ever in the history of the US, and it's all spelled out right in this delightfully brief document that is about to be rammed through a scared Congress and made into law.[27] Further, as the bailout agreement stipulated, it essentially hands the Federal Reserve and the U.S. Treasury total control over the nation's finances in what has been termed a "financial coup d'état" as all actions and decisions by the Fed and the Treasury Secretary may be done in secret and are not able to be reviewed by Congress or any other administrative or legal agency.[28] Passed in the last months of the Bush administration, the Obama administration further implemented the bailout (and added a stimulus package on top of it). The banks got a massive bailout of untold trillions, and the
Gary Edwards

So Who's Up For A Round Of Messenger-Shooting? | RedState - 0 views

www.redstate.com/...-a-round-of-messenger-shooting

Banksters national-debt-Ceiling dollar-destruction banksters

shared by Gary Edwards on 02 Aug 11 - No Cached
  • Gary Edwards on 02 Aug 11
     
    The US Government will continue to borrow over $100 Billion per month.  Thanks to the grand borrowing plan, the ruling class assures us that spending cuts for 2012 will total $7 Billion (for the year).  2013 is whopping $2 Billion.  What a deal!!!  It's convert to GOLD or kiss it goodbye time my friends. excerpt:  The prospect of having S&P downgrading US debt has politicians scrambling to prevent such a Bonfire of The Keynesians. To forestall the coming horror, they worked tirelessly to pass a Balanced Budget Amendment, means test entitlement programs, close unnecessary military bases which were doled out as Congressional Pork, and repealed ObamaCare to the ringing cheers of small businesses all over America. Pysch! No they didn't. They immediately mounted a rhetorical assault against S&P for having the temerity to question the creditworthiness of an organization that has borrowed $5Tr dollars in the past five years, seen a precipitous and enduring decline in its corporate revenues, and has failed to fashion an acceptable long-term budget in the last 800 days. If a broker told me to buy lots of stock in some private corporation that tried that crap I'd hang up the phone on that individual without any further comment. S&P put it more politely when they said the following. "We view an inability to timely agree and credibly implement medium-term fiscal consolidation policy as inconsistent with a 'AAA' sovereign rating." So the United States government has failed to pass a budget for 800 days. We have increased our national debt from $9Tr to $14Tr in the very recent near-term. Our President has recommended a budget that would have raised this indebtedness to $25Tr over the next ten. It's a genuine shame we aren't giving these people more revenues. They manage what we do give them so well.
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