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Paul Merrell

NZ Prime Minister John Key Retracts Vow to Resign if Mass Surveillance Is Shown - 0 views

firstlook.org/...-surveillance-now-retracts-vow

surveillance state NSA GCSB Key-resignation bulk-collection lies

shared by Paul Merrell on 12 Mar 15 - No Cached
  • In August 2013, as evidence emerged of the active participation by New Zealand in the “Five Eyes” mass surveillance program exposed by Edward Snowden, the country’s conservative Prime Minister, John Key, vehemently denied that his government engages in such spying. He went beyond mere denials, expressly vowing to resign if it were ever proven that his government engages in mass surveillance of New Zealanders. He issued that denial, and the accompanying resignation vow, in order to reassure the country over fears provoked by a new bill he advocated to increase the surveillance powers of that country’s spying agency, Government Communications Security Bureau (GCSB) — a bill that passed by one vote thanks to the Prime Minister’s guarantees that the new law would not permit mass surveillance.
  • Since then, a mountain of evidence has been presented that indisputably proves that New Zealand does exactly that which Prime Minister Key vehemently denied — exactly that which he said he would resign if it were proven was done. Last September, we reported on a secret program of mass surveillance at least partially implemented by the Key government that was designed to exploit the very law that Key was publicly insisting did not permit mass surveillance. At the time, Snowden, citing that report as well as his own personal knowledge of GCSB’s participation in the mass surveillance tool XKEYSCORE, wrote in an article for The Intercept: Let me be clear: any statement that mass surveillance is not performed in New Zealand, or that the internet communications are not comprehensively intercepted and monitored, or that this is not intentionally and actively abetted by the GCSB, is categorically false. . . . The prime minister’s claim to the public, that “there is no and there never has been any mass surveillance” is false. The GCSB, whose operations he is responsible for, is directly involved in the untargeted, bulk interception and algorithmic analysis of private communications sent via internet, satellite, radio, and phone networks.
  • A series of new reports last week by New Zealand journalist Nicky Hager, working with my Intercept colleague Ryan Gallagher, has added substantial proof demonstrating GCSB’s widespread use of mass surveillance. An article last week in The New Zealand Herald demonstrated that “New Zealand’s electronic surveillance agency, the GCSB, has dramatically expanded its spying operations during the years of John Key’s National Government and is automatically funnelling vast amounts of intelligence to the US National Security Agency.” Specifically, its “intelligence base at Waihopai has moved to ‘full-take collection,’ indiscriminately intercepting Asia-Pacific communications and providing them en masse to the NSA through the controversial NSA intelligence system XKeyscore, which is used to monitor emails and internet browsing habits.” Moreover, the documents “reveal that most of the targets are not security threats to New Zealand, as has been suggested by the Government,” but “instead, the GCSB directs its spying against a surprising array of New Zealand’s friends, trading partners and close Pacific neighbours.” A second report late last week published jointly by Hager and The Intercept detailed the role played by GCSB’s Waihopai base in aiding NSA’s mass surveillance activities in the Pacific (as Hager was working with The Intercept on these stories, his house was raided by New Zealand police for 10 hours, ostensibly to find Hager’s source for a story he published that was politically damaging to Key).
  • ...6 more annotations...
  • That the New Zealand government engages in precisely the mass surveillance activities Key vehemently denied is now barely in dispute. Indeed, a former director of GCSB under Key, Sir Bruce Ferguson, while denying any abuse of New Zealander’s communications, now admits that the agency engages in mass surveillance.
  • Meanwhile, Russel Norman, the head of the country’s Green Party, said in response to these stories that New Zealand is “committing crimes” against its neighbors in the Pacific by subjecting them to mass surveillance, and insists that the Key government broke the law because that dragnet necessarily includes the communications of New Zealand citizens when they travel in the region.
  • So now that it’s proven that New Zealand does exactly that which Prime Minister Key vowed would cause him to resign if it were proven, is he preparing his resignation speech? No: that’s something a political official with a minimal amount of integrity would do. Instead — even as he now refuses to say what he has repeatedly said before: that GCSB does not engage in mass surveillance — he’s simply retracting his pledge as though it were a minor irritant, something to be casually tossed aside:
  • When asked late last week whether New Zealanders have a right to know what their government is doing in the realm of digital surveillance, the Prime Minister said: “as a general rule, no.” And he expressly refuses to say whether New Zealand is doing that which he swore repeatedly it was not doing, as this excellent interview from Radio New Zealand sets forth: Interviewer: “Nicky Hager’s revelations late last week . . . have stoked fears that New Zealanders’ communications are being indiscriminately caught in that net. . . . The Prime Minister, John Key, has in the past promised to resign if it were found to be mass surveillance of New Zealanders . . . Earlier, Mr. Key was unable to give me an assurance that mass collection of communications from New Zealanders in the Pacific was not taking place.” PM Key: “No, I can’t. I read the transcript [of former GCSB Director Bruce Ferguson’s interview] – I didn’t hear the interview – but I read the transcript, and you know, look, there’s a variety of interpretations – I’m not going to critique–”
  • Interviewer: “OK, I’m not asking for a critique. Let’s listen to what Bruce Ferguson did tell us on Friday:” Ferguson: “The whole method of surveillance these days, is sort of a mass collection situation – individualized: that is mission impossible.” Interviewer: “And he repeated that several times, using the analogy of a net which scoops up all the information. . . . I’m not asking for a critique with respect to him. Can you confirm whether he is right or wrong?” Key: “Uh, well I’m not going to go and critique the guy. And I’m not going to give a view of whether he’s right or wrong” . . . . Interviewer: “So is there mass collection of personal data of New Zealand citizens in the Pacific or not?” Key: “I’m just not going to comment on where we have particular targets, except to say that where we go and collect particular information, there is always a good reason for that.”
  • From “I will resign if it’s shown we engage in mass surveillance of New Zealanders” to “I won’t say if we’re doing it” and “I won’t quit either way despite my prior pledges.” Listen to the whole interview: both to see the type of adversarial questioning to which U.S. political leaders are so rarely subjected, but also to see just how obfuscating Key’s answers are. The history of reporting from the Snowden archive has been one of serial dishonesty from numerous governments: such as the way European officials at first pretended to be outraged victims of NSA only for it to be revealed that, in many ways, they are active collaborators in the very system they were denouncing. But, outside of the U.S. and U.K. itself, the Key government has easily been the most dishonest over the last 20 months: one of the most shocking stories I’ve seen during this time was how the Prime Minister simultaneously plotted in secret to exploit the 2013 proposed law to implement mass surveillance at exactly the same time that he persuaded the public to support it by explicitly insisting that it would not allow mass surveillance. But overtly reneging on a public pledge to resign is a new level of political scandal. Key was just re-elected for his third term, and like any political official who stays in power too long, he has the despot’s mentality that he’s beyond all ethical norms and constraints. But by the admission of his own former GCSB chief, he has now been caught red-handed doing exactly that which he swore to the public would cause him to resign if it were proven. If nothing else, the New Zealand media ought to treat that public deception from its highest political official with the level of seriousness it deserves.
  • Paul Merrell on 12 Mar 15
     
    It seems the U.S. is not the only nation that has liars for head of state. 
Gary Edwards

The Trump Bubble - 0 views

www.counterpunch.org/...the-trump-bubble-3

Trump Federal-Reserve-Bankster-Cartel wall-street

shared by Gary Edwards on 11 Jan 17 - No Cached
  • Gary Edwards on 11 Jan 17
     
    "Donald Trump has a plan for dealing with the stock market bubble. Make it bigger. Before the election candidate Trump blasted Federal Reserve chairman Janet Yellen for keeping interest rates too low for too long to keep the economy humming along while Obama was still in office. The president elect accused Yellen of being politically motivated suggesting that the Fed's policies had put the country at risk of another stock market Crash like 2008. "If rates go up, you're going to see something that's not pretty," Trump told Fox News in an interview in September. "It's all a big bubble." Yellen of course denied Trump's claims saying, "We do not discuss politics at our meetings, and we do not take politics into account in our decisions." As we shall see later in this article, Yellen was lying about the political role the Fed plays in setting policy, in fact, last week's FOMC statement clearly establishes the Fed as basically a political institution that implements an agenda that serves a very small group of powerful constituents, the 1 percent. If serving the interests of one group over all of the others is not politics, than what is it? The problem we have with Trump is not his critique of the market or the Fed. The problem is his remedy which can be sussed out by reviewing his economic plan. Trump wants to slash personal and corporate taxes in order to put more money into the economy to increase business investment, boost hiring, and rev up growth. Regrettably, his tax plan achieves none of these. First of all, slashing taxes for the wealthy does not boost growth. We know that. It doesn't work. Period."
Paul Merrell

A Clinton Fan Manufactured Fake News That MSNBC Personalities Spread to Discredit WikiL... - 0 views

theintercept.com/...ad-to-discredit-wikileaks-docs

Auction 2016 Hillary fake-news-propaganda Wikileaks Podesta-emails

shared by Paul Merrell on 10 Dec 16 - No Cached
  • The phrase “Fake News” has exploded in usage since the election, but the term is similar to other malleable political labels such as “terrorism” and “hate speech”; because the phrase lacks any clear definition, it is essentially useless except as an instrument of propaganda and censorship. The most important fact to realize about this new term: those who most loudly denounce Fake News are typically those most aggressively disseminating it. One of the most egregious examples was the recent Washington Post article hyping a new anonymous group and its disgusting blacklist of supposedly pro-Russia news outlets – a shameful article mindlessly spread by countless journalists who love to decry Fake News, despite the Post article itself being centrally based on Fake News. (The Post this week finally added a lame editor’s note acknowledging these critiques; the Post editors absurdly claimed that they did not mean to “vouch for the validity” of the blacklist even though the article’s key claims were based on doing exactly that). Now we have an even more compelling example. Back in October, when WikiLeaks was releasing emails from the John Podesta archive, Clinton campaign officials and their media spokespeople adopted a strategy of outright lying to the public, claiming – with no basis whatsoever – that the emails were doctored or fabricated and thus should be ignored. That lie – and that is what it was: a claim made with knowledge of its falsity or reckless disregard for its truth – was most aggressively amplified by MSNBC personalities such as Joy Ann Reid and Malcolm Nance, The Atlantic’s David Frum, and Newsweek’s Kurt Eichenwald.
  • The phrase “Fake News” has exploded in usage since the election, but the term is similar to other malleable political labels such as “terrorism” and “hate speech”; because the phrase lacks any clear definition, it is essentially useless except as an instrument of propaganda and censorship. The most important fact to realize about this new term: Those who most loudly denounce Fake News are typically those most aggressively disseminating it. One of the most egregious examples was the recent Washington Post article hyping a new anonymous group and its disgusting blacklist of supposedly pro-Russia news outlets — a shameful article mindlessly spread by countless journalists who love to decry Fake News, despite the Post article itself being centrally based on Fake News. (The Post this week finally added a lame editor’s note acknowledging these critiques; the Post editors absurdly claimed that they did not mean to “vouch for the validity” of the blacklist even though the article’s key claims were based on doing exactly that). Now we have an even more compelling example. Back in October, when WikiLeaks was releasing emails from the John Podesta archive, Clinton campaign officials and their media spokespeople adopted a strategy of outright lying to the public, claiming — with no basis whatsoever — that the emails were doctored or fabricated and thus should be ignored. That lie — and that is what it was: a claim made with knowledge of its falsity or reckless disregard for its truth — was most aggressively amplified by MSNBC personalities such as Joy Ann Reid and Malcolm Nance, The Atlantic’s David Frum, and Newsweek’s Kurt Eichenwald.
  • That the emails in the Wikileaks archive were doctored or faked — and thus should be disregarded — was classic Fake News, spread not by Macedonian teenagers or Kremlin operatives but by established news outlets such as MSNBC, The Atlantic, and Newsweek. And, by design, this Fake News spread like wildfire all over the internet, hungrily clicked and shared by tens of thousands of people eager to believe it was true. As a result of this deliberate disinformation campaign, anyone reporting on the contents of the emails was instantly met with claims that the documents in the archive had been proven fake. The most damaging such claim came from MSNBC’s intelligence analyst Malcolm Nance. As I documented on October 11, he tweeted what he — for some bizarre reason — labeled an “Official Warning.” It decreed: “#PodestaEmails are already proving to be riddled with obvious forgeries & #blackpropaganda not even professionally done.” That tweet was re-tweeted by more than 4,000 people. It was vested with added credibility by Clinton-supporting journalists like Reid and Frum (“expert to take seriously”).
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  • All of that, in turn, led to an article in something called the “Daily News Bin” with the headline: “MSNBC intelligence expert: WikiLeaks is releasing falsified emails not really from Hillary Clinton.” This classic fake news product — citing Nance and Reid among others — was shared more than 40,000 times on Facebook alone.
  • From the start, it was obvious that it was this accusation from Clinton supporters — not the WikiLeaks documents — that was a complete fraud, perpetrated on the public as deliberate disinformation. With regard to the claim about the Podesta emails, now we know exactly who created it in the first instance: a hard-core Clinton fanatic.
  • Sadly for Chacon, however, the people who ended up getting fooled by his Fake News items were the nation’s most prominent Clinton supporters, including supposed experts and journalists from MSNBC who used his obvious fakes to try to convince the world that the WikiLeaks archive had been compromised and thus should be ignored.
Gary Edwards

Arthur B. Laffer: Class Warfare and the Buffett Rule - WSJ.com - 0 views

online.wsj.com/...3462304577138961587258988.html

Warren-Margarttaville-Buffett Arthur-Laffer Class-Warfare Tax-the-Rich Obammunism

shared by Gary Edwards on 12 Jan 12 - No Cached
  • Gary Edwards on 12 Jan 12
     
    Reagan economist Arthur Laffer eviscerates the phony socialist investor Warren Buffett.  Totally!!!!  Beautifully done too.  The phony Buffett is fully exposed, and numbers are staggering.  You gotta love this! excerpt: The "Buffett Rule" would not tax the vast majority of his shielded income, including either his unrealized capital gains, which are currently taxed at zero percent, or charitable contributions, which are tax deductible. If the "Buffett Rule" were applied as President Obama proposes, then Mr. Buffett's federal tax bill would have been $14.4 million, rather than the $6.9 million he actually paid. As a fraction of his true income, his effective tax rate would only have risen from 6/100ths of 1% to 12/100ths of 1%. Mr. Buffett's donation to the Gates Foundation goes to the heart of my critique of his public call for higher tax rates on the rich. Just look at the second contractual condition for his ongoing pledge to the Gates Foundation: "The foundation must continue to satisfy the legal requirements qualifying Warren's gift as charitable, exempt from gift or other taxes." In other words, if his gift weren't tax sheltered he wouldn't give it. So much for "shared sacrifice." Incidentally, I'm not the first to question Mr. Buffett's commitment to "shared sacrifice" in balancing the federal budget. In a 2007 CNBC interview, when asked why he shelters his money through tax-free strategies rather than writing big checks to Uncle Sam, Mr. Buffett responded: "I think that on balance the Gates Foundation, my daughter's foundation, my two sons' foundations will do a better job with lower administrative costs and better selection of beneficiaries than the government." So Mr. Buffett thinks he and his family can put their money to better use than the government can. I guess he's really not so different from the rest of us after all.
Paul Merrell

Obama's Speech, Annotated Version | emptywheel - 0 views

www.emptywheel.net/...bamas-speech-annotated-version

surveillance state NSA NSA-reform Obama Obama-speech

shared by Paul Merrell on 21 Jan 14 - No Cached
  • Obama’s speech as written is below, with my comments (no indent) included.
  • Paul Merrell on 21 Jan 14
     
    Excellent annotated version of Obama's NSA "reform" speech. The annotations scathingly critique Obama's statements. 
Paul Merrell

Israel can't rely on 'weak' US to deal with Iran, Ya'alon warns | The Times of Israel - 0 views

www.timesofisrael.com/t-rely-on-us-to-deal-with-iran

war & peace Israel Iranian-nukes-myth

shared by Paul Merrell on 20 Mar 14 - No Cached
  • efense Minister Moshe Ya’alon on Monday issued a scathing critique of the Obama administration, declaring that Israel cannot rely on the US to thwart Iran’s nuclear program, accusing the administration of broadcasting weakness throughout the world, and warning that its perceived weakness was inviting further terrorism against US targets.
  • Speaking at a Tel Aviv University event reported by the Haaretz daily, Ya’alon said Israel could not afford to rely on the Obama administration to lead an action against Iran’s nuclear program, and that Israel could only rely on itself. Israel had believed that “the one who should lead the campaign against Iran is the US,” but instead, “the US at a certain stage began negotiating with them, and unfortunately in the Persian bazaar the Iranians were better,” he said. Therefore, “we (Israelis) have to look out for ourselves.”
  • Moving to a wider critique of the Obama administration, Ya’alon reportedly stressed several times that the US was radiating weakness in every region worldwide. “The Sunni camp [in the Middle East] expected that the US would support it, and would be as determined as Russia is in its support of the Shiite axis,” he was quoted as saying. “I hear voices of disappointment in the region. I was in Singapore, and I heard disappointment at the strengthening of China and the weakening of the United States. Look what’s happening in the Ukraine; there, to my sorrow, the US is broadcasting weakness.”
Gary Edwards

Have a T-P Pre-Primary to avoid sure defeat // Implement a drive to recruit and organiz... - 1 views

teapartyorg.ning.com/...-primary-prior-to-rino-primary

TP-Primary

shared by Gary Edwards on 22 Jul 13 - No Cached
  • Gary Edwards on 22 Jul 13
     
    "This discussion needs your direct support or direct critique that I might respond.  Other idea's please start in a new discussion (note: this has been revised after 400+ comments, but if possible read all of them) thank you for your time: (revised July 20th,'13) I thought it would be helpful (stike that, it's absolutely imperative!!!!)  to have a T Party pre-primary prior to the RINO primary so we wouldn't split our vote.  That thread sort of grew to the following two steps: The following two step approach would require a temporary meeting of the minds from the various larger conservative Tea Party factions for the following purposes:: 1. Having a pre-primary to avoid the late RINO primary so we avoid splitting our vote and being able to get out there now to campaign because we have some serious hills to climb (our message, government news and funding etc.). But the main point here is that we always split our votes in the regular RINO primary, we need to avoid this.  We need some sort of (temporary or other) unified effort of all the un-unified groups for this purpose.  Make sure you don't miss a word utilized here and that the whole 'idea' is understood.  Along with this we also need to have the above bonded with the following item number 2, as follows: 2. Implement a plan to organize and recruit deep into every precinct of the T-Party. This would include the larger T-P groups to supply their associated local smaller groups with solid information to be distributed and used as a means to educate both door to door and if possible via ads in their local news papers when feasible. (with an increase in some recruiting, this can work - I've checked out the cost). We have great web sites on the internet but many republican's, democrats and independents don't go there.  We need a serious ground team for all of our upcoming elections.  Many of our small groups are getting smaller and many not associated would like to be contacted by us.  Our idea's
Paul Merrell

9-11 Review - 1 views

911review.com/index.html

war & peace 9-11 research-resources

shared by Paul Merrell on 08 Apr 14 - Cached
  • A Resource for Understanding the 9/11/01 Attack 9-11 Review is divided into 3 main sections. The Attack and Cover-Up Provides a factual overview of the attack Reviews the major elements of the official mythology Examines many facets of the subsequent cover-up Means, Motive, and Precedent Examines possible means used to execute the attack Outlines some of the likely motives of the perpetrators Reviews historical precedents to the attack viewed as an inside job Information Warfare Deconstructs campaigns that sabotage inquiry Exposes common errors in the "9/11 skeptics" literature Chronicles highlights of mainstream press attacks on the 9/11 Truth Movement ... and provides the following resources. *Critiques CIA Alum Sells No-Plane Theories A Critical Analysis of The Missing Wings Terry Allen's Straw Man Attack *Articles Muslims Suspend Laws of Physics! NIST / Nano-Thermite Connections NIST WTC 7 Report: Bush Science *Links Energetic Materials in the WTC 2009 Update: conclusive identification of "super-thermite" high tech explosivesin WTC dust
Paul Merrell

CIA and White House under pressure after Senate torture report leaks | World news | the... - 0 views

www.theguardian.com/...-pressure-leaked-senate-report

war & peace torture CIA lies Senate-Intelligence_Committee-Report

shared by Paul Merrell on 14 Apr 14 - No Cached
  • A leak of the major findings of a landmark Senate inquiry into the CIA’s post-9/11 torture of terrorism detainees led, on Friday, to intensified pressure on the White House and the CIA to release the inquiry speedily and with a minimum of redactions.The classified study, prepared by the Senate select committee on intelligence, concluded that the CIA’s interrogations, secret detentions and outsourced torture sessions were “brutal, and far worse than the agency communicated to policymakers.” More suspected terrorists underwent the agency’s post-9/11 treatment, which largely lasted from 2002 to 2006, than the CIA has publicly admitted, according to the report’s findings, which were first reported by McClatchy. Last week, committee chairwoman Dianne Feinstein of California stated that the Senate investigated the cases of 100 detainees – dozens more than previously known to have gone through the CIA’s so-called “interrogation, detention and rendition” programs.
  • In addition to misleading policymakers, the Senate report charges the CIA with selectively and leaking classified and inaccurate information to journalists in order to portray the program in a positive light.“The CIA manipulated the media by co-ordinating the leak of classified information, which inaccurately portrayed the effectiveness of the agency’s enhanced interrogation techniques,” the committee found.The agency also, according to the report, provided factually inaccurate information to Bush administration lawyers, who relied on it to concoct the legal theories that underpinned an apparatus of torturous interrogations and detentions that quickly spread to US military facilities at Guantánamo Bay, Iraq and Afghanistan.
  • Despite the acrimony, the White House announced last week that the CIA will lead the executive-branch panel that will recommend how much of the Senate report’s executive summary, findings and recommendations to make public, a decision blasted by human-rights groups and intelligence scholars as a conflict of interest.
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  • According to the leaked conclusions, the committee found that that the agency poorly managed its interrogation and detention efforts. It relied extensively on outside contractors for design and implementation, especially “two contract psychologists,” whom an earlier Senate Armed Services Committee investigation identified as Bruce Jessen and Jim Mitchell. Both men were influential in retrofitting techniques that had been designed to train captured US troops to survive and resist torture by foreign adversaries for use on detainees.“Numerous internal critiques and objections concerning the CIA’s management and use of the Detention and Interrogation [sic] were ignored,” according to the committee findings. Those internal critiques include a now partially declassified 2004 inspector general’s report.
  • In a letter he sent to President Obama on Friday, Senator Mark Udall, a Democrat from Colorado, wrote, "[T]he most pressing reason for the White House to step in and manage this process is the CIA's clear conflict of interest on this issue and its demonstrated inability to face the truth about this program. … The CIA is certainly entitled to issue a public response to the Committee's study, but not to impede the declassification of the study itself."
Paul Merrell

The Secret Government: The Constitution in Crisis - 0 views

www.informationclearinghouse.info/article17720.htm

security state Bill-Moyers Iran-Contra banksters

shared by Paul Merrell on 10 Apr 14 - No Cached
  • This is the full length 90 min. version of Bill Moyer's 1987 scathing critique of the criminal subterfuge carried out by the Executive Branch of the United States Government. Host Bill Moyers exposes the inner workings of the secret government. Though originally broadcast in 1987, it is even more relevant today. Interviews with respected, top military, intelligence, and government insiders reveal both the history and secret objectives
  • This is the full length 90 min. version of Bill Moyer's 1987 scathing critique of the criminal subterfuge carried out by the Executive Branch of the United States Government. Host Bill Moyers exposes the inner workings of the secret government. Though originally broadcast in 1987, it is even more relevant today. Interviews with respected, top military, intelligence, and government insiders reveal both the history and secret objectives
  • Paul Merrell on 10 Apr 14
     
    This is a powerful historical program that delves deeply into the dangers of secret government, using the Iran-Contra scandal as the entry point. It is particularly worth revisiting in light of recent events including the Snowden disclosures and current U.S. efforts to undermine foreign governments that are insufficiently subservient to the banksters. Today's secret government has been growing for a very long time and needs to be understood in its historical context.  
Paul Merrell

David Davis' devastating attack on our loss of privacy | Mail Online - 0 views

www.dailymail.co.uk/...ing-terrorists-lust-power.html

surveillance state NSA GCHQ legislation UK

shared by Paul Merrell on 19 Jul 14 - No Cached
  • The last time the main parties got together in a closed room, did a deal and told the country there was a need to act urgently, we were on the edge of abandoning 300 years of press freedom.This time our privacy is under threat. In the name of security, the Government is fast-tracking legislation through Parliament that will allow it to collect huge quantities of our personal data. We would do well to remember the advice of Ben Franklin: ‘Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety.’
  • The Government has engineered a ‘theatrical emergency’ – in this case terrorism and hidden paedophile rings – to ram the Data Retention and Investigatory Powers Bill through Parliament without proper debate. It is an insult to the supremacy of Parliament, to democracy and to the trust of the public.It was April 8 when the European Court of Justice struck down the Data Retention Directive for being incompatible with human rights. The Home Office has had time to put an alternative in place, so the excuses for why the legislation is being  fast-tracked are laughable.
  • It is a sad state of affairs when European courts are a greater defender of our ancient rights than Parliament and Her Majesty’s Government. Even the German Supreme Court overturned its far less invasive data collection laws for violating the privacy rights of German citizens. How far we have slipped, this birthplace of democracy, that our own judicial safeguards stand by while our hard-fought rights are stripped from us by a Government that has lost its sense of proportion in its fear of making a mistake.
  • ...3 more annotations...
  • Even the statistics already released are cause for concern.  The 2013 report of the Interception of Communications Commissioner revealed that 514,608 requests were made for data. By comparison, the most requests issued by the FBI in a year is 56,507. How can it be our intelligence agencies made nine times the number of requests for communications data than their US counterparts?
  • After the ‘dodgy dossier’ on weapons of mass destruction, the deceit on rendition and torture, and the debacle over the snooper’s charter, it is hard to be confident.Our Government has claimed that intercepted communications data was the critical evidence in 95 per cent of all serious crime cases. This would seem to go against the experience of the Metropolitan Police, which in evidence to a joint committee stated that ‘communications data is used sparingly, because it is costly and resource intensive, and because of the need to… consider the impact of collateral intrusion on innocent people’.
  • What this Government is chasing is not public security, it is protection from blame if anything goes wrong. Those are not the same thing.One person’s loss of freedom is everybody’s loss of freedom, one person’s loss of privacy is everybody’s loss of privacy. We must stand up for our rights and not succumb to the politics of fear. Otherwise we give those who hate our civilisation an easy victory, without a shot being fired.
  • Paul Merrell on 19 Jul 14
     
    A UK M.P. critiques the full court press in the House of Commons for new legislation attempting to work around the EU Court of Justice ruling on electronic communication data retention laws.  Very nice essay.
Gary Edwards

WSJ Rips The Stimulus, er "Porkulous" bill - 0 views

clusterstock.alleyinsider.com/...wsj-rips-the-stimulus

finacial-crisis

shared by Gary Edwards on 02 Feb 09 - Cached
  • Gary Edwards on 02 Feb 09
     
    If you only read one critique of the stimulus plan today, check out the Journal's editorial, which concludes that of the $825 billion that's being spent, only 12%, or $90 billion, could legitimately be considered stimulative. In their opinion, which is presented quite well, the rest is just more spending on inefficient programs that have already seen plenty of money thrown at them.
Gary Edwards

Easy Credit and the Depression - Judge Posner @WSJ.com - 0 views

online.wsj.com/...SB124139557611981725.html

financial-crisis obama-socialism Banksters

shared by Gary Edwards on 04 May 09 - Cached
  • Gary Edwards on 04 May 09
     
    What caused this recession? We still don't have a simple explanation. Such is the uncertainty sapping the country's confidence that in a recent Rasmussen Reports poll only 53% of Americans said they prefer capitalism to socialism; 27% were unsure and 20% preferred socialism. Before seeking political asylum in free-market Hong Kong, consider reading a new book that critiques what went wrong with capitalism, written in order to save it. Judge Richard Posner's "A Failure of Capitalism: The Crisis of '08 and the Descent into Depression" is noteworthy. As a longtime University of Chicago professor and father of the free-market-based law-and-economics movement, Judge Posner makes an unlikely critic of capitalism. But as author of some 40 books and as the most frequently cited federal appeals court jurist, he is also one of our most original and clearheaded thinkers. Who's to blame and who's responsible for the recession? Judge Posner, who calls it a depression, distinguishes between the roles played by government and the private sector. "Although financiers bear the primary responsibility for the depression," he writes, "I do not think they can be blamed for it -- implying moral censure -- any more than one can blame a lion for eating a zebra. Capitalism is Darwinian." A pragmatic explanation for behavior that looks irrational in retrospect shows that it was logical, based on incentives at the time. Blame lies elsewhere: "The responsibility for building the fences that prevent an economic collapse as a result of risky lending devolves on the government."
Paul Merrell

Ex-IAEA Chief Warns on Using Unverified Intel to Pressure Iran « LobeLog - 0 views

www.lobelog.com/erified-intel-to-pressure-iran

war & peace Israel U.S.-foreign-policy Iranian-nukes-myth MEK

shared by Paul Merrell on 19 Dec 14 - No Cached
  • In a critique of the handling of the Iran file by the International Atomic Energy Agency, former IAEA Director General Han Blix has called for greater skepticism about the intelligence documents and reports alleging Iranian nuclear weapons work and warned that they may be used to put diplomatic pressure on Tehran. In an interview with this writer in his Stockholm apartment late last month, Blix, who headed the IAEA from 1981 to 1997, also criticized the language repeated by the IAEA under its current director general, Yukiya Amano, suggesting that Iran is still under suspicion of undeclared nuclear activity. Blix, who clashed with US officials when he was head of the United Nations Monitoring, Verification and Inspection Commission (UNMOVIC) on weapons of mass destruction in Iraq from 2000 to 2003, said he has long been skeptical of intelligence that has been used to accuse Iraq and Iran of having active nuclear-weapons programs. “I’ve often said you have as much disinformation as information” on alleged weaponization efforts in those countries, Blix said.
  • Referring to the allegations of past Iranian nuclear weapons research that have been published in IAEA reports, Blix said, “Something that worries me is that these accusations that come from foreign intelligence agencies can be utilized by states to keep Iran under suspicion.” Such allegations, according to Blix, “can be employed as a tactic to keep the state in a suspect light—to keep Iran on the run.” The IAEA, he said, “should be cautious and not allow itself to be drawn into such a tactic.” Blix warned that compromising the independence of the IAEA by pushing it to embrace unverified intelligence was not in the true interests of those providing the intelligence. The IAEA Member States providing the intelligence papers to the IAEA “have a long-term interest in an international service that seeks to be independent,” said Blix. “In the Security Council they can pursue their own interest, but the [IAEA] dossier has to be as objective as possible.”
  • In 2005, the George W. Bush administration gave the IAEA a large cache of documents purporting to derive from a covert Iranian nuclear weapons research and development program from 2001 to 2003. Israel provided a series of documents and intelligence reports on alleged Iranian nuclear weapons work in 2008 and 2009. Blix’s successor as IAEA director general, Mohamed ElBaradei, recalled in his 2011 memoirs having doubts about the authenticity of both sets of intelligence documents. ElBaradei resisted pressure from the United States and its European allies in 2009 to publish an “annex” to a regular IAEA report based on those unverified documents. But Amano agreed to do so, and the annex on “possible military dimensions” of the Iranian nuclear program was published in November 2011. During the current negotiations with Iran, the P5+1 (US, UK, Russia, China, France plus Germany) has taken the position that Iran must explain the intelligence documents and reports described in the annex.
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  • The provenance of the largest part of the intelligence documents—the so-called “laptop documents”—was an unresolved question for years after they were first reported in 2004 and 2005. But former senior German foreign office official Karsten Voigt confirmed in 2013 that the Iranian exile opposition group, the Mujahedeen E-Khalq (MEK), gave the original set of documents to the German intelligence service (BND) in 2004. The MEK has been reported by Seymour Hersh, Connie Bruck, and a popular history of the Mossad’s covert operations to have been a client of Israel’s foreign intelligence agency, the Mossad, serving to “launder” intelligence that Mossad did not want to have attributed to Israel. Blix has been joined by two other former senior IAEA officials in criticizing the agency for its uncritical presentation of the intelligence documents cited in the November 2011 annex. Robert Kelley, the head of the Iraq team under both Blix and ElBaradei, and Tariq Rauf, the former head of the Agency’s Verification and Security Policy Coordination Office, have written that the annex employed “exaggeration, innuendo and careful choice of words” in presenting intelligence information from an unidentified Member State of the IAEA on the alleged cylinder at the Parchin military facility.
  • Blix said he is “critical” of the IAEA for the boilerplate language used in its reports on Iran that the Agency is “not in a position to provide credible assurances about the absence of undeclared nuclear material and activities….” Blix added that it is “erroneous” to suggest that the IAEA would be able to provide such assurances if Iran or any other state were more cooperative. As head of UNMOVIC, Blix recalled, “I was always clear that there could always be small things in a big geographical area that can be hidden, and you can never guarantee completely that there are no undeclared activities.” “In Iraq we didn’t maintain there was nothing,” he said. “We said we had made 700 inspections at 500 sites and we had not seen anything.” Blix emphasized that he was not questioning the importance of maximizing inspections, or of Iran’s ratification of the Additional Protocol. “I think the more inspections you can perform the smaller the residue of uncertainty,” he said.
  • n a critique of the handling of the Iran file by the International Atomic Energy Agency, former IAEA Director General Han Blix has called for greater skepticism about the intelligence documents and reports alleging Iranian nuclear weapons work and warned that they may be used to put diplomatic pressure on Tehran. In an interview with this writer in his Stockholm apartment late last month, Blix, who headed the IAEA from 1981 to 1997, also criticized the language repeated by the IAEA under its current director general, Yukiya Amano, suggesting that Iran is still under suspicion of undeclared nuclear activity. Blix, who clashed with US officials when he was head of the United Nations Monitoring, Verification and Inspection Commission (UNMOVIC) on weapons of mass destruction in Iraq from 2000 to 2003, said he has long been skeptical of intelligence that has been used to accuse Iraq and Iran of having active nuclear-weapons programs. “I’ve often said you have as much disinformation as information” on alleged weaponization efforts in those countries, Blix said.
Paul Merrell

FBI monitored and critiqued African American writers for decades | Books | The Guardian - 0 views

www.theguardian.com/...merican-writers-j-edgar-hoover

surveillance state FBI Hoover black-American-writers

shared by Paul Merrell on 13 Feb 15 - No Cached
  • Newly declassified documents from the FBI reveal how the US federal agency under J Edgar Hoover monitored the activities of dozens of prominent African American writers for decades, devoting thousands of pages to detailing their activities and critiquing their work. Academic William Maxwell first stumbled upon the extent of the surveillance when he submitted a freedom of information request for the FBI file of Claude McKay. The Jamaican-born writer was a key figure in the Harlem Renaissance, author of the sonnet If We Must Die, supposedly recited by Winston Churchill, and Maxwell was preparing an edition of his complete poems. When the file came through from the FBI, it stretched to 193 pages and, said Maxwell, revealed “that the bureau had closely read and aggressively chased McKay” – describing him as a “notorious negro revolutionary” – “all across the Atlantic world, and into Moscow”.
  • Maxwell, associate professor of English and African American studies at Washington University in St Louis, decided to investigate further, knowing that other scholars had already found files on well-known black writers such as Langston Hughes and James Baldwin. He made 106 freedom of information requests about what he describes as “noteworthy Afro-modernists” to the FBI; 51 of those writers had files, ranging from three to 1,884 pages each. “I suspected there would be more than a few,” said Maxwell. “I knew Hoover was especially impressed and worried by the busy crossroads of black protest, leftwing politics, and literary potential. But I was surprised to learn that the FBI had read, monitored, and ‘filed’ nearly half of the nationally prominent African American authors working from 1919 (Hoover’s first year at the Bureau, and the first year of the Harlem Renaissance) to 1972 (the year of Hoover’s death and the peak of the nationalist Black Arts movement). In this, I realised, the FBI had outdone most every other major institution of US literary study, only fitfully concerned with black writing.”
  • Maxwell’s book about his discovery, FB Eyes: How J Edgar Hoover’s Ghostreaders Framed African American Literature, is out on 18 February from Princeton University Press. It argues that the FBI’s attention was fuelled by Hoover’s “personal fascination with black culture”, that “the FBI is perhaps the most dedicated and influential forgotten critic of African American literature”, and that “African American literature is characterised by a deep awareness of FBI ghostreading”.
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  • Digital copies of 49 of the FBI files have been made available to the public online. “The collected files of the entire set of authors comprise 13,892 pages, or the rough equivalent of 46 300-page PhD theses,” Maxwell writes in the book. “FBI ghostreaders genuinely rivalled the productivity of their academic counterparts.” The academic told the Guardian that he believes the FBI monitoring stems from the fact that “from the beginning of his tenure at the FBI ... Hoover was exercised by what he saw as an emerging alliance between black literacy and black radicalism”.
  • The files show how the travel arrangements of black writers were closely scrutinised by the FBI, with the passport records of a long list of authors “combed for scraps of criminal behaviour and ‘derogatory information’”, writes Maxwell. Some writers were threatened by “‘stops’, instructions to advise and defer to the Bureau if a suspect tried to pass through a designated point of entry” to the US.
Paul Merrell

CISA Security Bill: An F for Security But an A+ for Spying | WIRED - 0 views

www.wired.com/...ty-bill-gets-f-security-spying

surveillance state legislation CISA

shared by Paul Merrell on 23 Mar 15 - No Cached
  • When the Senate Intelligence Committee passed the Cybersecurity Information Sharing Act by a vote of 14 to 1, committee chairman Senator Richard Burr argued that it successfully balanced security and privacy. Fifteen new amendments to the bill, he said, were designed to protect internet users’ personal information while enabling new ways for companies and federal agencies to coordinate responses to cyberattacks. But critics within the security and privacy communities still have two fundamental problems with the legislation: First, they say, the proposed cybersecurity act won’t actually boost security. And second, the “information sharing” it describes sounds more than ever like a backchannel for surveillance.
  • On Tuesday the bill’s authors released the full, updated text of the CISA legislation passed last week, and critics say the changes have done little to assuage their fears about wanton sharing of Americans’ private data. In fact, legal analysts say the changes actually widen the backdoor leading from private firms to intelligence agencies. “It’s a complete failure to strengthen the privacy protections of the bill,” says Robyn Greene, a policy lawyer for the Open Technology Institute, which joined a coalition of dozens of non-profits and cybersecurity experts criticizing the bill in an open letter earlier this month. “None of the [privacy-related] points we raised in our coalition letter to the committee was effectively addressed.” The central concern of that letter was how the same data sharing meant to bolster cybersecurity for companies and the government opens massive surveillance loopholes. The bill, as worded, lets a private company share with the Department of Homeland Security any information construed as a cybersecurity threat “notwithstanding any other provision of law.” That means CISA trumps privacy laws like the Electronic Communication Privacy Act of 1986 and the Privacy Act of 1974, which restrict eavesdropping and sharing of users’ communications. And once the DHS obtains the information, it would automatically be shared with the NSA, the Department of Defense (including Cyber Command), and the Office of the Director of National Intelligence.
  • In a statement posted to his website yesterday, Senator Burr wrote that “Information sharing is purely voluntary and companies can only share cyber-threat information and the government may only use shared data for cybersecurity purposes.” But in fact, the bill’s data sharing isn’t limited to cybersecurity “threat indicators”—warnings of incoming hacker attacks, which is the central data CISA is meant to disseminate among companies and three-letter agencies. OTI’s Greene says it also gives companies a mandate to share with the government any data related to imminent terrorist attacks, weapons of mass destruction, or even other information related to violent crimes like robbery and carjacking. 
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  • The latest update to the bill tacks on yet another kind of information, anything related to impending “serious economic harm.” All of those vague terms, Greene argues, widen the pipe of data that companies can send the government, expanding CISA into a surveillance system for the intelligence community and domestic law enforcement. If information-sharing legislation does not include adequate privacy protections, then...It’s a surveillance bill by another name. Senator Ron Wyden
  • “CISA goes far beyond [cybersecurity], and permits law enforcement to use information it receives for investigations and prosecutions of a wide range of crimes involving any level of physical force,” reads the letter from the coalition opposing CISA. “The lack of use limitations creates yet another loophole for law enforcement to conduct backdoor searches on Americans—including searches of digital communications that would otherwise require law enforcement to obtain a warrant based on probable cause. This undermines Fourth Amendment protections and constitutional principles.”
  • Paul Merrell on 23 Mar 15
     
    I read the legislation. It's as bad for privacy as described in the aritcle. And its drafting is incredibly sloppy.
Gary Edwards

The Daily Bell - Richard Ebeling on Higher Interest Rates, Collectivism and the Coming ... - 0 views

www.thedailybell.com/...tivism-and-the-Coming-Collapse

Richard-Ebeling The-Daily-Bell Austrian-Economics Liberty-Tryanny

shared by Gary Edwards on 17 Jun 13 - No Cached
  • The "larger dysfunction," as you express it, arises out of a number of factors. The primary one, in my view, is a philosophical and psychological schizophrenia among the American people.
  • While many on "the left" ridicule the idea, there is a strong case for the idea of "American exceptionalism," meaning that the United States stands out as something unique, different and special among the nations of the world.
  • the American Founding Fathers constructed a political system in the United States based on a concept on which no other country was consciously founded:
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  • But the American Revolution and the US Constitution hailed a different conception of man, society and government.
  • n the rest of the world, and for all of human history, the presumption has been that the individual was a slave or a subject to a higher authority. It might be the tribal chief; or the "divinely ordained" monarch who presumed to rule over and control people in the name of God; or, especially after the French Revolution and the rise of modern socialism, "the nation" or "the people" who laid claim to the life and work of the individual.
  • the idea of individual rights.
  • That is, as long as the individual did not violate the equal rights of others to their life, liberty and property, each person was free to shape and guide his own future, and give meaning and value to his own life as he considered best in the pursuit of that happiness that was considered the purpose and goal of each man during his sojourn on this Earth.
  • Governments did not exist to give or bestow "rights" or "privileges" at its own discretion.
  • Governments were to secure and protect each individual's rights, which he possessed by "the nature of things."
  • The individual was presumed to own himself. He was "sovereign."
  • The real and fundamental notion of "self-government" referred to the right of each individual to rule over himself.
  • Each individual, by his nature and his reason, had a right to his life, his liberty and his honestly acquired property.
  • during the first 150 years of America's history there was virtually no Welfare State and relatively few government regulations, controls and restrictions on the choices and actions of the free citizen.
  • But for more than a century, now, an opposing conception of man, society and government has increasingly gained a hold over the ideas and attitudes of people in the US.
  • It was "imported" from Europe in the form of modern collectivism.
  • The individual was expected to see himself as belonging to something "greater" than himself. He was to sacrifice for "great national causes."
  • He was told that if life had not provided all that he desired or hoped for, it was because others had "exploited" him in some economic or social manner, and that government would redress the "injustice" through redistribution of wealth or regulation of the marketplace.
  • If he had had financial and material success, the individual should feel guilty and embarrassed by it, because, surely, if some had noticeably more, it could only be because others had been forced to live with noticeably less.
  • left on its own, free competition tends to evolve into harmful monopolies and oligopolies, with the wealthy "few" benefiting at the expense of the "many."
  • They are the crises of the Interventionist-Welfare State: the attempt to impose reactionary collectivist policies of political paternalism and redistributive plunder on a society still possessing parts of its original individualist and rights-based roots.
  • it is in the form of communism's and socialism's critique of capitalism.
  • Unregulated capitalism leads to "unearned" and "excessive" profits; unbridled markets generate the business cycle and the hardships of recessions and depressions;
  • These two conflicting conceptions of man, society and government have been and are at war here in the United States.
  • And if it cannot be gotten and guaranteed through the redistributive mechanisms of the European Union and the euro, well, maybe we should return power to our own nation-states to provide the jobs, the social "safety nets" and the financial means to pay for it through, once again, printing our own national paper currencies.
  • This is the political-philosophical bankruptcy of the West and the dead ends of the collectivist promises of the last 100 years.
  • Ludwig von Mises's book, Socialism: An Economic and Sociological Analysis, originally published in 1922, demonstrated how and why a socialist, centrally planned system was inherently unworkable.
  • The nationalization of productive property, the abolition of markets and the prohibition of all competitive exchange among the members of society would prevent the emergence and operation of a price system, without which it is impossible to know people's demands for desired goods and the relative value they place on them.
  • It also prevents the emergence of prices for the factors of production (land, labor, capital) and makes it impossible to know their opportunity costs – the value of those factors of production in alternative competing uses among entrepreneurs desiring to employ them.
  • Without such a price system the central planners are flying blind, unable to rationally know or decide how best to utilize labor, capital and resources in productively efficient ways to make the goods and services most highly valued by the consuming public.
  • Thus, Mises concluded, comprehensive socialist central planning would lead to "planned chaos."
  • And, therefore, there is no guarantee that the amount of investments undertaken and their time horizons are compatible with the available resources not also being demanded and used for more immediate consumer goods production in the society.
  • As a consequence, financial markets do not work like real markets.
  • Thus, the interventionist state leads to waste, inefficiency and misuses of resources that lower the standards of living that we all, otherwise, could have enjoyed.
  • We cannot be sure what the amount of real savings may be in the society to support real and sustainable investment and capital formation.
  • Government intervention prevents prices from "telling the truth" about the real supply and demand conditions thus leading to imbalances and distortions in the market.
  • We cannot know what the "real cost" of borrowing should be, since interest rates are not determined by actual, private sector savings and investment decisions.
  • Government production regulations, controls, restrictions and prohibitions prevent entrepreneurs from using their knowledge, ability and capital in ways that most effectively produce the goods consumers actually want and at the most cost-competitive prices possible.
  • This is why countries around the world periodically experience booms and busts, inflations and recessions − not because of some inherent instabilities or "irrationalities" in financial markets, but because of monetary central planning through central banking that does not allow market-based financial intermediation to develop and work as it could and would in a real free-market setting.
  • But in the United States and especially in Europe, government "austerity" means merely temporarily reducing the rate of increase in government spending, slowing down the rate at which new debt is accumulating and significantly raising taxes in an attempt to close the deficit gap.
  • The fundamental problem is that over the decades, the size and scope of governments in the Western world have been growing far more than the rates at which their economies have been expanding, so that the "slice" of the national economic "pie" eaten by government has been growing larger and larger, even when the "pie" in absolute terms is bigger than it was, say, 30 or 40 years ago.
  • European governments, in general, take the view that "austerity" means squeezing the private sector more through taxes and other revenue sources to avoid any noticeable and significant cuts in what government does and spends.
  • So there is "austerity" for the private sector and a mad rush for financial "safety nets" for the government and those who live off the State.
  • In reality, of course, it is the burdens of government regulation, taxation and impediments to more flexible labor and related markets that have generated the high unemployment rates and the retarded recovery from the recession.
  • Instead, the "common market" ideal has been transformed into the goal of a European Union "Super-State" to which the individual countries and their citizens would be subservient and obedient.
  • Keynesian policies offer people and politicians what they want to hear. Claiming that any sluggish business or lost jobs are due to a lack of "aggregate demand," Keynes argued that full employment and profitable business could only be reestablished and maintained through "activist" government monetary and fiscal policy – print money and run budget deficits.
  • What Britain and Europe should have as its goal is the ideal of the classical liberal free traders of the 19th century – non-intervention by governments in people's lives, at home and abroad. That is, a de-politicization of society, so people may freely work, trade and travel as they peacefully wish, with government merely the protector of people's individual rights.
  • Take the benefits away and tell people they are free to come and work to support themselves and their families. Restore more flexibility and competitiveness to labor markets and reduce taxes and business regulations.
  • Then those who come to Britain's shores will be those wanting freedom and opportunity without being a burden upon others.
  • What was needed was a change in ideas from the statist mentality to one of individual freedom and unhampered free markets.
  • In an epoch of collectivist ideas, don't be surprised if governments regulate, control, intervene and redistribute wealth.
  • The tentacle of regulations, restrictions and politically-correct social controls are spreading out in every direction from Brussels and its European-wide manipulating and mismanaging bureaucracy.
  • In the name of assuring "national prosperity," politicians could spend money to buy the votes that get them elected and reelected to government offices.
  • And every special interest group could make the case that government-spending programs that benefitted them were all reasonable and necessary to assure a fully employed and growing economy.
  • Furthermore, the Keynesian rationale for government deficit spending enabled politicians to seem to be able to offer something for nothing. They could offer, say, $100 of government spending to voters and special interest groups but the tax burden imposed in the present might only be $75, since the remainder of the money to pay for that government spending was borrowed. And that borrowed money would not have to be repaid until some indefinite time in the future by unspecific taxpayers when that "tomorrow" finally arrived.
  • instability
  • Keynes argued that the market economy's inherent
  • arose from the
  • who were subject to irrational and unpredictable waves of "optimism" and "pessimism."
  • animal spirits" of businessmen
  • Mises argued that there was nothing inherent in the market economy to bring about these swings of economic booms followed by periods of depression and unemployment.
  • If markets got out of balance with the necessity of an eventual correction in the economy to, once again, set things right, the source of this instability was government monetary policy.
  • Central banks too often followed a policy of trying to create "good times" in the economy by expanding the money supply through the banking system.
  • With new, excess funds created by the central bank available for lending, banks lower rates of interest to attract borrowers.
  • But this throws savings and investment out of balance, since the rate of interest no longer serves as a reliable indicator and signal concerning the availability of real savings in the economy in relation to those wanting to borrow funds for various investment purposes.
  • The economic crisis comes when it is discovered that all the claims on resources, capital and labor for all the attempted consumption and investment activities in the economy are greater than the actual and available amounts of such scarce resources.
  • The recession period, in Mises's view, is the necessary "correction" period when in the post-boom era, people must adapt and adjust to the newly discovered "real" supply and demand conditions in the market.
  • Any interference with the "rebalancing" of the economy by government raising taxes, imposing more regulations, or new artificial government "stimulus" activities merely makes it more difficult and time-consuming for people in the private sector to get the economy back on an even keel.
  • Friedrich A. Hayek, once observed, unemployment is not "caused" by stopping an inflation, but rather inflation induces the artificial employments that cannot be sustained and which inevitably disappear once the inflation is reined in.
  • The recession of 2008-2009 was the result of several years of central bank stimulus.
  • From 2003 to 2008, the Federal Reserve increased the money supply by about 50 percent.
  • Interest rates for much of this time, when adjusted for inflation, were either zero or negative.
  • Awash in cash, banks extended loans to virtually anyone, with no serious and usual concern about the borrower's credit-worthiness.
  • This was most notably true in the housing market, where government agencies like Fannie May and Freddie Mac were pressuring banks to make mortgage loans by promising a guarantee that they would make good on any bad home loans.
  • Since 2008-2009, the Federal Reserve has, again, turned on the monetary spigot, increasing its own portfolio by almost $3 trillion, by buying US Treasuries, US mortgages and other assets.
  • So why has there not been a complementary explosion of price inflation?
  • In some areas there has been, most clearly in the stock market and the bond market, But the reason why all that newly created money has not brought about a higher price inflation is due to the fact that a large part of all newly created money is sitting as unlent reserves in banks.
  • This is because the Federal Reserve has been paying banks a rate of interest slightly above the market interest rates to induce banks not to lend.
  • (a) general "regime uncertainty," that is, no one knows what government policy will be tomorrow; will ObamaCare be fully implemented after January 2014?;
  • Among the reasons for the sluggish jobs growth in the US are:
  • (b) what will taxes be for the rest of the current president's term in the White House
  • (c) what will the regulatory environment be like for the next three years – in 2012, the government implemented around 80,000 pages of regulations as printed in the Federal Registry;
  • (d) how will the deficit and debt problems play out between Congress and the White House and will it threaten the general financial situation in the country; an
  • (e) what wars, if any, will the government find itself involved in, in places like the Middle East?
  • China
  • is still a controlled and commanded society, with a government that works hard to try to determine what people read, see and think.
  • All these building projects have been brought into existence by a government that not only controls the money supply and manipulates interest rates but also heavy-handedly tells banks whom to specifically loan to and for what investment activities.
  • Central planning is alive and well in China, with the motives being both power and profits for those inside and outside the Communist Party having the most influence and connections in "high" places.
  • In my opinion, China is heading for a great economic crisis, resulting from a highly imbalanced and distorted economic system still guided far more by politics than sound market decision-making.
  • global financial markets in any foreseeable future. It is a money that still primarily exists to serve the political purposes of those who sit in the "inner circles" of power in Beijing.
  • One hundred years ago, in 1913, how many could have predicted that a year later a European-wide war would break out that would lead to the destruction of great European empires and set the stage for the rise of totalitarian collectivism that resulted in an even worse global war two decades later?
  • Thus, whether, at the end of the day, freedom triumphs and the future is one of liberty and prosperity is partly on each one of us.
  • Near the end of his great book, Socialism, Ludwig von Mises said:
  • "Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. Therefore, everyone, in his own interest, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us . . . Whether society shall continue to evolve or where it shall decay lies . . . in the hands of man."
  • In my view, the idea of a "soft landing" is an illusion based on the idea held by central bankers, themselves, that they have the wisdom and ability to know how to "micro-manage" the all the changes and adjustments resulting from their own manipulations of the monetary aggregates. They do not have this wisdom and ability. So hold on for what is most likely to be another rocky road.
  • It was Mises's clear vision that once society has broken the relationship between value and payment, sooner or later people would not know the price of anything.
  • At this point, investment ceases and business becomes furtive and transactional.
  • People cannot plan for the future because they do not understand the reality of the present.
  • Society begins to sink.
  • Gary Edwards on 17 Jun 13
     
    Incredible.  A simple explanation that explains everything.  Rchard Ebeling's "Unified Theory of Everything" is something every American can understand.  If only they would take a break from "Dancing with the Stars" and pay attention to the future of their country and the world.  It's a future where either "individual freedom", as defined by our Constitution and Declaration of Independence, will win out; or, the forces of fascist socialism / marxism will continue to roll and rule.  Incredible read!!!!
Paul Merrell

Democratic Pundits Downplay Serious Ethical Issues Raised by the Clinton Foundation - 0 views

theintercept.com/...clinton-foundation-spin

Auction 2016 Hillary Clinton-Foundation corruption bribery

shared by Paul Merrell on 27 Aug 16 - No Cached
  • The Associated Press story this week revealing that as secretary of state, Hillary Clinton frequently met with donors to the Clinton Foundation, set off a firestorm in the media. Many Democrats and sympathetic pundits are criticizing the article — and have made the sweeping claim that, contrary to many deeply reported investigations, there is no evidence that well-heeled backers of the foundation received favorable treatment from the State Department. While there are some legitimate criticisms of the AP story — its focus, for instance, on a Nobel Peace Prize winner meeting with Clinton distracts from the thesis of the piece — it is nonetheless a substantive investigation based on calendars that the State Department has fought to withhold from the public. The AP took the agency to court to obtain a partial release of the meeting logs. Other commentators took issue with a tweet promoting the AP piece, which they said might confuse readers because the AP story reflected private sector meetings, not overall meetings. But in challenging the overall credibility of the AP story, Clinton surrogates and allies are going well beyond a reasoned critique in an effort to downplay the serious ethical issues raised by Clinton Foundation activities.
  • The Intercept has also reported on the Clinton Foundation and the conduct of the State Department under Clinton. Leaked government documents obtained by The Intercept revealed that the Moroccan government lobbied Clinton aggressively to influence her and other officials on the Moroccan military occupation of Western Sahara, which holds some of the world’s largest reserves of phosphate, a lucrative export for the kingdom. As part of its strategy for influence, the Moroccan government and companies controlled by the kingdom donated to the Bill Clinton presidential library, the Clinton Foundation, and hired individuals associated with the Clinton political network. Despite a statement by the Obama administration that suggested it would reverse the previous Bush administration support for the Moroccan government and would back a U.N.-negotiated settlement for the conflict in Western Sahara, Clinton announced there would be “no change” in policy — and has gone on to praise the Moroccan government’s human rights record. As recently as Monday, we learned that after being denied an official meeting with the State Department, Peabody Energy, the worlds largest coal company, used a consultant who donated heavily to the Clinton Foundation to back channel and attempt to set up a meeting with Clinton via her aide Huma Abedin. The consultant, Joyce Aboussie, wrote that “It should go without saying that the Peabody folks” reached out to her because of her “relationship with the Clinton’s [sic].” Peabody and Aboussie have declined to comment, and it is unclear if the meeting took place.
  • The assertions above obscure the problems unearthed through years of investigative reporting on the foundation. Journalist David Sirota, who has reported extensively on the Clinton Foundation, rounded up a sample of the stories that provide a window into Clinton Foundation issues: The Washington Post found that two months after Secretary Clinton encouraged the Russian government to approve a $3.7 billion deal with Boeing, the aerospace company announced a $900,000 donation to the Clinton Foundation. The Wall Street Journal found that Clinton made an “unusual intervention” to announce a legal settlement with UBS, after which the Swiss bank increased its donations to, and involvement with, the Clinton Foundation. The New York Times reported that a Russian company assumed control of major uranium reserves in a deal that required State Department approval, as the chairman of the company involved in the transaction donated $2.35 million to the Clinton Foundation.
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  • There may be many other potential influence-peddling stories, but the State Department has not released all of the emails from Clinton’s private server and other meeting log documents, while redacting identifying information that could shed light on other stories. For example, Mother Jones and The Intercept have reported that Clinton used the State Department to promote fracking development across the globe, and in particular her agency acted to benefit particular companies such as a Chevron project in Bulgaria and ExxonMobil’s efforts in Poland. Both ExxonMobil and Chevron are major donors to the Clinton Foundation. The release of more meeting log documents and emails would certainly reveal a better picture of potential influence.
  • Earlier this year, in similar fashion to the questions raised about the Clinton Foundation, Democrats in Arizona raised influence peddling concerns regarding the reported $1 million donation from the Saudi Arabian government to the McCain Institute for International Leadership, a nonprofit group closely affiliated with Sen. John McCain, R-Ariz. As chairman of the Armed Services Committee, McCain oversees a range of issues concerning Saudi Arabia, including arms sales. But none of the pundits rushing to the defense of the Clinton Foundation defended McCain. In fact, the more Clinton’s allies have worked to defend big money donations to the Clinton Foundation, the more closely they resemble the right-wing principles they once denounced. In one telling argument in defense of the Clinton Foundation, Media Matters, another group run by David Brock, argued this week that there was “no evidence of ethics breaches” because there was no explicit quid pro quo cited by the AP. The Media Matters piece mocked press figures for focusing on the “optics” of corruption surrounding the foundation. Such a standard is quite a reversal for the group. In a piece published by Media Matters only two years ago, the organization criticized conservatives for focusing only on quid pro quo corruption — the legal standard used to decide the Citizens United and McCutcheon Supreme Court decisions — calling such a narrow focus a “new perspective of campaign finance” that dismisses “concerns about institutional corruption in politics.” The piece notes that ethics laws concerning the role of money in politics follow a standard, set forth since the Watergate scandal, in which even the appearance, or in other words, the “optics” of corruption, is cause for concern.
Paul Merrell

In the Democratic Echo Chamber, Inconvenient Truths Are Recast as Putin Plots - 0 views

theintercept.com/...uths-are-recast-as-putin-plots

Auction 2016 Clinton-emails forgery Greenwald

shared by Paul Merrell on 16 Oct 16 - No Cached
  • Donald Trump, for reasons I’ve repeatedly pointed out, is an extremist, despicable, and dangerous candidate, and his almost-certain humiliating defeat is less than a month away. So I realize there is little appetite in certain circles for critiques of any of the tawdry and sometimes fraudulent journalistic claims and tactics being deployed to further that goal. In the face of an abusive, misogynistic, bigoted, scary, lawless authoritarian, what’s a little journalistic fraud or constant fearmongering about subversive Kremlin agents between friends if it helps to stop him? But come January, Democrats will continue to be the dominant political faction in the U.S. — more so than ever — and the tactics they are now embracing will endure past the election, making them worthy of scrutiny. Those tactics now most prominently include dismissing away any facts or documents that reflect negatively on their leaders as fake, and strongly insinuating that anyone who questions or opposes those leaders is a stooge or agent of the Kremlin, tasked with a subversive and dangerously un-American mission on behalf of hostile actors in Moscow. To see how extreme and damaging this behavior has become, let’s just quickly examine two utterly false claims that Democrats over the past four days — led by party-loyal journalists — have disseminated and induced thousands of people, if not more, to believe. On Friday, WikiLeaks published its first installment of emails obtained from the account of Clinton campaign chair John Podesta. Despite WikiLeaks’ perfect, long-standing record of only publishing authentic documents, MSNBC’s favorite ex-intelligence official, Malcolm Nance, within hours of the archive’s release, posted a tweet claiming — with zero evidence and without citation to a single document in the WikiLeaks archive — that it was compromised with fakes:
  • As you can see, more than 4,000 people have re-tweeted this “Official Warning.” That includes not only random Clinton fans but also high-profile Clinton-supporting journalists, who by spreading it around gave this claim their stamp of approval, intentionally leading huge numbers of people to assume the WikiLeaks archive must be full of fakes, and its contents should therefore simply be ignored. Clinton’s campaign officials spent the day fueling these insinuations, strongly implying that the documents were unreliable and should thus be ignored. Poof: Just like that, unpleasant facts about Hillary Clinton disappeared, like a fairy protecting frightened children by waving her magic wand and sprinkling her dust over a demon, causing it to scatter away. Except the only fraud here was Nance’s claim, not any of the documents published by WikiLeaks. Those were all real. Indeed, at Sunday night’s debate, when asked directly about the excerpts of her Wall Street speeches found in the release, Clinton herself confirmed their authenticity. And news outlets such as the New York Times and AP reported — and continue to report — on their contents without any caveat that they may be frauds. No real print journalists or actual newsrooms (as opposed to campaign operatives masquerading as journalists) fell for this scam, so this tactic did not prevent reporting from being done.
  • Paul Merrell on 16 Oct 16
     
    Glenn Greenwald chastises Dems for claiming leaked Clintone emails are forgeries.
Gary Edwards

The Daily Bell - Richard Ebeling on Libertarianism, Anarchism and the Truth of Austrian... - 0 views

www.thedailybell.com/...he-Truth-of-Austrian-Economics

Richard-Ebeling Libertarian banksters

shared by Gary Edwards on 09 Jul 12 - No Cached
  • These are at least two conceivable methods of compelling the government to stop, or limit, its abuse of the monetary printing press.
    • Gary Edwards
      Gary Edwards on 09 Jul 12
       
      Ebeling proposes two methods of reining in out of control government printing of paper money.  There is a third method; one used by Lincoln and Kennedy.  This is the issuance of gold/silver/oil backed reserve notes.  The notes represent gold or silver being held on deposit, and are fully redeemable.   The value of the gold/silver or another commodity represented floats in the marketplace against goods and services.  Nor is there a fixed exchange rate for converting fiat (paper) dollars.  The market will figure those things out if left free to do so.  And that's one big big "if".
  • So the normal market pressures of downward price and wage adjustments in the recession are partly counter-acted by a new monetary expansion that is delaying the necessary re-coordination of market activities. Thus, given these two pressures, prices do not fall as much as a post-recession adjustment may require and they do not rise as much or as fast as might otherwise occur due to the renewed monetary expansion.
  • At the same time, as you correctly ask, the Federal Reserve has been paying banks a relatively low rate of interest to keep large excessive reserves in their accounts at the Federal Reserve, rather than to fully lend those excessive reserves to private borrowers. And given the low market rates of interest that Federal Reserve policy has generated, even the low rate of interest on unlent excess reserves offered to banks by the Federal Reserve appears the relatively more profitable way to use their available funds.
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  • Why has the Federal Reserve done this? They infused these two trillion dollars into the financial markets back in 2008-2010 because they feared that an economy-wide bank collapse was possible. They are afraid to reverse this monetary expansion because to do so would reduce potential bank-lending capacity and put upward pressure on interest rates at a time when the Federal Reserve wants to prevent the sluggish recovery from slowing down even more and also raise the cost of the US government's financing of its trillion dollar a year deficits. So, instead, they leave this excess bank lending power sloshing around in the system, while keeping it off the market and from causing significant new price inflationary pressures, by paying banks not to lend those vast sums.
  • Austrians argue that economics is fundamentally a science and study of "human action." It attempts to trace out the logic and implications of man's intentional conduct in selecting among ends desired and applying perceived means to try to attain them. Austrians emphasize that all human action and the social and market interactions among men occur in a setting of imperfect knowledge, inescapable degrees of uncertainty and always through the passage of time.
  • They try to explain the market processes by which men discover mutual gains from trade.
  • They emphasize that the networks of social institutions in which and through which men discover ways to coordinate their interdependent actions in complex systems of division of labor are not the creations of government edict or command; but are most often among those unintended consequences of multitudes of self-interested individual actions and interactions.
  • They have developed theories of market competition and the role of the entrepreneur as the individuals always alert to market opportunities, and whose actions tend to bring about coordination between market supplies and demands.
  • The Austrian analysis of markets, competition and prices, led them to devastating critiques of the unworkability of all forms of socialist central planning, the inherent contradictions and inconsistencies in virtually all forms of government intervention and regulation, and a theory of money and the business cycle that points the finger of responsibility for inflations and recessions at the doorstep of government monetary and fiscal policies.
  • The philosophy of liberty proclaims that each individual is unique and possessing inherent rights to his life, liberty and honestly acquired property.
  • It is not surprising that classical liberal and libertarian ideas are often attacked. After all they are the ideas that consistently oppose the current political systems of plunder, privilege and power lusting.
  • That government, if it is to exist, is to serve as the protector and guardian of our distinct individual rights, and not the master of men who are obligated to sacrifice themselves for some asserted "national interest," "general welfare," or "common good."
  • The only reasonable meaning to the "common good" or the "general welfare" is when each individual is free to peacefully live his life as he chooses and is at liberty to voluntarily associate and interact with his fellow men for mutually beneficial improvements to their lives.
  • It is virtually inevitable that those who use political power for their own gain at their neighbor's expense will vehemently resist and oppose any attempt to stop them from feeding at the government trough.
  • there is everywhere a class of plundering peoples – politicians, bureaucrats, special interest groups – receiving tax-based income redistributions and subsidies and benefiting from anti-competitive regulations and protections against and at the expense of their fellow human beings.
  • This is the great battle of the twenty-first century;
  • Austrian Economics, not surprisingly, has been attacked precisely because of its insightful and cogent analysis of how it was government intervention and central bank monetary manipulation that generated the unsustainable boom in the last decade that set the stage for the inescapable bust, which the world is still suffering from.
  • There are "natural rights" libertarians
  • "utilitarian" or "consequentialist" libertarians.
  • most convincing case for human liberty
  • Because libertarians have not agreed about this among themselves, nor have they been able to persuade enough others in society to move the world further away from the collectivist premises and the interventionist-welfare state policies that guide so much that goes on in the world.
  • I happen to have been most strongly influenced by the "natural rights" defense of liberty, and especially as formulated by Ayn Rand in her philosophy of Objectivism.
  • First, it is argued that if one believes that the use of any and all forms of coercion are morally unacceptable in human relationships, then this should also imply that any compulsory taxation, even when for the funding of defense and legal justice, is unjustifiable. And, second, it is argued that the private sector could provide such admittedly essential services far more efficiently and cost-effectively than the monopoly agency of government. Murray Rothbard and David Friedman probably have been among the most well-known and articulate proponents of the anarcho-capitalist position over the last 50 years.
  • Others like the Ayn Rand, Robert Nozick and Ludwig von Mises have made the case for constitutionally limited government. Their counter arguments have centered on the ideas that conflicts over jurisdiction, disputes among private defense agencies contracted by different individuals who have disagreements, and the likelihood that "defense" would turn out to be a "natural monopoly" anyway – that is, a tendency for one agency to end up being the single provider of defense and judicial services over a wide geographical area – raise questions about the long-run workability and sustainability of competing defense companies in society.
  • From a moral perspective, I am in sympathy with the anarcho-capitalist position, in that I find the compulsory taking of people's income and wealth without their consent for whatever reason to be ethically repugnant.
  • We should focus on what we all agree upon:
  • This means that the Supreme Court has said that you are the slave of "society" and the government that represents "the people," since, in principle, anything that you do or not do can be argued to have some affect, positive or negative, on others.
  • Think about this Court decision. It is saying that if you do not buy health insurance the government will tax you to pay for it. If you refuse to pay the tax, the government will end up attempting to seize financial assets or real property you own in lieu of failure to pay. If you try to prevent this taking of your property, you are subject to arrest and imprisonment. If you resist arrest or imprisonment, the police have the authority to force you to comply – up to and including lethal force to subdue you into obedience.
  • the freedom and dignity of the individual human being; and the attempt whenever and wherever on our part to reduce, repeal and abolish all forms of regulation, control, restriction, prohibition on the peaceful and honest affairs of our fellow men.
  • Once you accept this premise, there is no end to the minutest detail and content of your life and actions the government cannot claim jurisdiction over to regulate, control or prohibit.
  • Here is that end-of-the-road of the notion of unlimited democratic rule by "the people" and those who claim to speak for "the people" and rule on their behalf.
  • Ayn Rand, of course, rejected any connection or compatibility with libertarianism. She argued this on two grounds. First, she felt that too frequently libertarians spoke of individual freedom, free markets and limited government, but failed to explicitly and clearly ground their political-economic ideas in a demonstrable philosophy of man, nature and society.
  • Government control of money is the potentially most dangerous and damaging form of government power short of outright socialism.
  • Rand's political philosophy arises out of the "natural rights" tradition, that rights are inherent in the nature of man and precede government.
  • Mises believed that rights were, in a sense, "social conventions" that had evolved out of the discovery that certain social institutional arrangements were more conducive to the mutual betterment of all members of society for achieving their individual goals and values
  • What they did agree upon was that, given their respective conceptions of the basis of individual rights, there was no social and economic system more consistent with the protection of those rights and more likely to generate the material and cultural achievements that are potentially possible than laissez-faire capitalism.
  • And in the twentieth century, Rand and Mises were two of the most principled and uncompromising advocates for the completely free market society
  • Second, she rejected the anarchist elements in the libertarian movement, believing that any reasonable analysis of the reality of man and the human condition strongly suggested the inescapable need for a single legal standard for defining and enforcing individual rights and a single authority to as impartially and "objectively" as possible enforce laws defending each individual's rights to his life, liberty and honestly acquired property.
  • "Hardly ever do the advocates of free capitalism realize how utterly their ideal was frustrated at the moment the state assumed control of the monetary system . . .
  • A 'free' capitalism with government responsibility for money and credit has lost its innocence.
  • From that point on it is no longer a matter of principle but one of expediency how far one wishes or permits government interference to go.
  • Money control is the supreme and most comprehensive of all governmental controls short of expropriation."
  • Government basically has three ways to acquire the income and wealth of its citizens: taxation, borrowing and printing money
  • So, governments throughout history have turned to the monetary printing press to fund the expenditures not covered by taxes or borrowed money
  • This "non-neutral," or uneven, impact on prices and wages in the economy during the inflationary process brings in its wake distorted profit margins, misallocations of resources and labor and various mal-investments of capital. Here are the seeds for the artificial and unsustainable "booms" that invariably come crashing down in the "bust" once the monetary expansion that has set it all in motion is stopped or slowed down.
  • I believe that the choice and use of money should be left to the market, that is, to the free and voluntary interactive decisions of those buying and selling in the market.
  • I consider a private, competitive free banking system to be the only one consistent with a truly free market society.
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