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Gary Edwards

Tomgram: Nomi Prins, Goldmanizing Donald Trump | TomDispatch - 0 views

www.tomdispatch.com/...s%2C_goldmanizing_donald_trump

Goldman-Sachs Banksters

shared by Gary Edwards on 05 Feb 17 - No Cached
  • Gary Edwards on 05 Feb 17
     
    "The Goldman Sachs Effect How a Bank Conquered Washington By Nomi Prins This is a MUST READ document. Yeah, and it should scare the crap out of all of us. .............................................. Irony isn't a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, "For too long, a small group in our nation's capital has reaped the rewards of government while the people have borne the cost. Washington flourished -- but the people did not share in its wealth."  Under Trump, an even smaller group will flourish -- in particular, a cadre of former Goldman Sachs executives. To put the matter bluntly, two of them (along with the Federal Reserve) are likely to control our economy and financial system in the years to come. Infusing Washington with Goldman alums isn't exactly an original idea. Three of the last four presidents, including The Donald, have handed the wheel of the U.S. economy to ex-Goldmanites. But in true Trumpian style, after attacking Hillary Clinton for her Goldman ties, he wasn't satisfied to do just that.  He had to do it bigger and better.  Unlike Bill Clinton and George W. Bush, just a sole Goldman figure lording it over economic policy wasn't enough for him. Only two would do. The Great Vampire Squid Revisited Whether you voted for or against Donald Trump, whether you're gearing up for the revolution or waiting for his next tweet to drop, rest assured that, in the years to come, the ideology that matters most won't be that of the "forgotten" Americans of his Inaugural Address. It will be that of Goldman Sachs and it will dominate the domestic economy and, by extension, the global one. At the dawn of the twentieth century, when President Teddy Roosevelt governed the country on a platform of trust busting aimed at reducing corporate power, even he could not bring himself to bust up the banks.  That was a mistake
Paul Merrell

Division over bank as Australia caught between China and US | nsnbc international - 0 views

nsnbc.me/...bank-australia-caught-china-us

BRICS China Australia development-bank free-trade-agreements

shared by Paul Merrell on 19 Oct 14 - No Cached
  • Senior cabinet ministers are believed to be divided over whether Australia should sign up to an internationally funded infrastructure development bank that China is set to launch next month.
  • Australia has been under pressure from the United States not to participate in the new bank. The position of Prime Minister Tony Abbott is unclear on the issue, that could have ramifications for the final days of bedding down the Australia-China free trade agreement which the government wants concluded this year and preferably by the G20 leaders meeting in Brisbane next month. The Chinese plan is being viewed internationally in the wider geopolitical context of Chinese-US competition in the region. The Americans, who see the bank as potentially a way of China increasing its clout with countries in southeast Asia, have been strongly lobbying Australia to keep out of it. The issue is to come before cabinet imminently, as China plans to announce the bank at the APEC summit, which will be held in Beijing in November. Hockey will be in Beijing next week for the APEC finance ministers meeting, where the bank will be a topic of discussion.
Paul Merrell

Russia, Iran to Create Joint Bank for Transactions in National Currencies / Sputnik Int... - 0 views

sputniknews.com/...1017387265.html

war & peace economic-warfare de-dollarization Russia Iran

shared by Paul Merrell on 28 Jan 15 - No Cached
  • Russia and Iran plan to create a joint account for national currency trade, Iranian Ambassador to Russia Mehdi Sanaei told RIA Novosti in an interview Tuesday. "Both sides plan to create a joint bank, or joint account, so that payments may be made in rubles and rials and there is an agreement to create a working group [for this]," Sanaei said. The Iranian ambassador added that relations between Moscow and Tehran "are actively developing" and that 2014 was "a very fruitful year" for both countries. The Iranian Central Bank deputy governor announced last week that it suspended the use of the US dollar in foreign trade transactions, adding that bilateral currency swap agreements were under consideration.
  • The ambassador also said that Tehran expects to sign a contract or memorandum of mutual understanding in 2015 with the Eurasian Economic Union to begin exports to Russia. “I think that in 2015 we need to work on this so that Iran has concrete economic contracts with the EEU…Iran plans to use this opportunity for its exports to Russia and other [countries],” Sanaei said.
  • Speaking about export Iranian ambasaador expressed hope that country's producers will get approval to export dairy and meat products to Russia by March of this year. “The first delivery of shrimp and trout to Russia was announced this week. All that remains is that companies that produce dairy and meat products also receive approval on the export of their goods to Russia,” Sanaei said.
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  • Moreover, Moscow and Tehran are considering the possibility of creating a visa-free regime between the two countries for businessmen and tourists by signing a memorandum of understanding in 2015, Iranian Ambassador to Russia Mehdi Sanaei told RIA Novosti in an inteview Tuesday.
Paul Merrell

The Russia-China Counter-Alliance to US-NATO Aggression | Global Research - 0 views

www.globalresearch.ca/...5383873

foreign-relations empire BRICS NATO China Russia Iran trade-policy banksters reserve currrencies

shared by Paul Merrell on 27 May 14 - No Cached
  • Russian President Vladimir Putin has said recently that his meeting with Chinese President Xi Jinping earlier this week in Shanghai marked a new stage in Russia-China relations, and that the two countries will roll out all-around cooperation. China and Russia signed a $400 billion (237.1 billion pounds) gas supply deal on Wednesday, securing the world’s top energy user a major source of cleaner fuel and opening up a new market for Moscow as it risks losing European customers over the Ukraine crisis. Furthermore, the two countries began joint military exercises in the East China Sea in a clear show of strength against Japan, a western ally. The Chinese President has also openly demonstrated his desire to create a counter-alliance to the U.S. Speaking on May 20 President Xi Jinping called for the creation of a new Asian structure for security cooperation based on a regional group that includes Russia and Iran and excludes the United States. Clearly pointing a finger at the United States he called NATO an outdated thinking of the Cold War. According to him, “We cannot just have security for one or a few countries while leaving the rest insecure”. In his speech Mr. Xi Jinping offered an alternative vision for the region based on an all-inclusive regional security framework rather than individual alliances with external actors like the United States. China’s proposal to push forward with the ambitious Free Trade Area of the Asia Pacific met an especially chilly reception from the U.S., which is focused on a 12-country trade agreement known as the Trans-Pacific Partnership, which excludes China.
Paul Merrell

The U.S. Has REPEATEDLY Defaulted | Washington's Blog - 2 views

www.washingtonsblog.com/...-has-repeatedly-defaulted.html

U.S. economy government-debt debt-default debt-battle

shared by Paul Merrell on 14 Oct 13 - No Cached
  • It’s a Myth that the U.S. Has Never Defaulted On Its Debt Some people argue that countries can’t default.  But that’s false. It is widely stated that the U.S. government has never defaulted.  However, that is also a myth.
  • Gary Edwards on 16 Oct 13
     
    Excellent article Paul! But it left me in tears. The bastardos are destroying the currency. Quick Count of The U.S. defaulting on its debt obligations: ... Continental Currency in 1779 ... Domestic debt between 1782 through 1790 ... Greenbacks in 1862 ... Liberty Bonds in 1934 ... 1933 Dollar to GOLD devaluation (1/35 th per ounce) ... 1971 Nixon ends GOLD backing of dollar, violating the terms of the Bretton Woods Agreement ... 1979 Treasury defaults, refusing to redeem maturing treasury bonds The only thing keeping the American Economy going is the massive rush to convert the fiat currency the Federal Reserve is churning out into hard assets; like land and corporate stock. In 2008 the Federal Reserve Bankster Cartel pumped $29 Trillion into the world banking system. They continue to pump $85 Billion per month into Bankster financial markets, buying up bad mortgage paper and backstopping the many insured derivatives scams now unwinding. The Banksters were bust in 2008, but are now flush with more dollars than anyone knows what to do with. Instead of "loaning" this money out, and investing in traditional business productivity, they use the freshly minted dollars to purchase hard assets. Business loans would provide profit based on interest - a gambit that requires confidence in the value of the dollar since the dollar is the measure of the economic reward. The purchase of hard assets is different. The "value" is not in the profitability of the investment, as measured in fiat currency. The value is in hard asset and any future economic power that asset holds through the expected currency crash. The only mystery here is that of military might. How do the banksters and global elites protect their assets in the future collapse they have made certain? Oh wait - private security companies capable of waging war. It's no accident that the early geopolitical energy wars of the 21st century saw a massive buildup of private corporate military and i
Paul Merrell

The Anti-Empire Report #126 - March 7th, 2014 - William Blum - 0 views

williamblum.org/126

war & peace Ukraine Russia NED NATO banksters

shared by Paul Merrell on 09 Mar 14 - No Cached
  • Since the end of the Cold War the United States has been surrounding Russia, building one base after another, ceaselessly looking for new ones, including in Ukraine; one missile site after another, with Moscow in range; NATO has grabbed one former Soviet Republic after another. The White House, and the unquestioning American mainstream media, have assured us that such operations have nothing to do with Russia. And Russia has been told the same, much to Moscow’s continuous skepticism. “Look,” said Russian president Vladimir Putin about NATO some years ago, “is this is a military organization? Yes, it’s military. … Is it moving towards our border? It’s moving towards our border. Why?” The Holy Triumvirate would love to rip Ukraine from the Moscow bosom, evict the Russian Black Sea Fleet, and establish a US military and/or NATO presence on Russia’s border. (In case you were wondering what prompted the Russian military action.) Kiev’s membership in the EU would then not be far off; after which the country could embrace the joys of neo-conservatism, receiving the benefits of the standard privatization-deregulation-austerity package and join Portugal, Ireland, Greece, and Spain as an impoverished orphan of the family; but no price is too great to pay to for being part of glorious Europe and the West!
  • The Ukrainian insurgents and their Western-power supporters didn’t care who their Ukrainian allies were in carrying out their coup against President Viktor Yanukovych last month … thugs who set policemen on fire head to toe … all manner of extreme right-wingers, including Chechnyan Islamic militants … a deputy of the ultra-right Svoboda Party, part of the new government, who threatens to rebuild Ukraine’s nukes in three to six months. … the snipers firing on the protestors who apparently were not what they appeared to be – A bugged phone conversation between Urmas Paet, the Estonian foreign minister, and EU foreign policy chief Catherine Ashton, reveals Paet saying: “There is now stronger and stronger understanding that behind the snipers it was not Yanukovych, but it was somebody from the new coalition.” … neo-Nazi protestors in Kiev who have openly denounced Jews, hoisting a banner honoring Stepan Bandera, the infamous Ukrainian nationalist who collaborated with the German Nazis during World War II and whose militias participated in atrocities against Jews and Poles. The Israeli newspaper Haaretz reported on February 24 that Ukrainian Rabbi Moshe Reuven Azman advised “Kiev’s Jews to leave the city and even the country.” Edward Dolinsky, head of an umbrella organization of Ukrainian Jews, described the situation for Ukrainian Jews as “dire” and requested Israel’s help. All in all a questionable gang of allies for a dubious cause; reminiscent of the Kosovo Liberation Army thugs Washington put into power for an earlier regime change, and has kept in power since 1999.
  • The now-famous recorded phone conversation between top US State Department official Victoria Nuland and the US ambassador to the Ukraine, wherein they discuss which Ukrainians would be to Washington’s liking in a new government, and which not, is an example of this regime-change mentality. Nuland’s choice, Arseniy Yatseniuk, emerged as interim prime minister. The National Endowment for Democracy, an agency created by the Reagan administration in 1983 to promote political action and psychological warfare against states not in love with US foreign policy, is Washington’s foremost non-military tool for effecting regime change. The NED website lists 65 projects that it has supported financially in recent years in Ukraine. The descriptions NED gives to the projects don’t reveal the fact that generally their programs impart the basic philosophy that working people and other citizens are best served under a system of free enterprise, class cooperation, collective bargaining, minimal government intervention in the economy, and opposition to socialism in any shape or form. A free-market economy is equated with democracy, reform, and growth; and the merits of foreign investment in their economy are emphasized. The idea was that the NED would do somewhat overtly what the CIA had been doing covertly for decades, and thus, hopefully, eliminate the stigma associated with CIA covert activities. Allen Weinstein, who helped draft the legislation establishing NED, declared in 1991: “A lot of what we do today was done covertly 25 years ago by the CIA.”
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  • NED, receives virtually all its financing from the US government ($5 billion in total since 1991 ), but it likes to refer to itself as an NGO (Non-governmental organization) because this helps to maintain a certain credibility abroad that an official US government agency might not have. But NGO is the wrong category. NED is a GO. Its long-time intervention in Ukraine is as supra-legal as the Russian military deployment there. Journalist Robert Parry has observed: For NED and American neocons, Yanukovych’s electoral legitimacy lasted only as long as he accepted European demands for new “trade agreements” and stern economic “reforms” required by the International Monetary Fund. When Yanukovych was negotiating those pacts, he won praise, but when he judged the price too high for Ukraine and opted for a more generous deal from Russia, he immediately became a target for “regime change.” Thus, we have to ask, as Mr. Putin asked – “Why?” Why has NED been funding 65 projects in one foreign country? Why were Washington officials grooming a replacement for President Yanukovych, legally and democratically elected in 2010, who, in the face of protests, moved elections up so he could have been voted out of office – not thrown out by a mob? Yanukovych made repeated important concessions, including amnesty for those arrested and offering, on January 25, to make two of his adversaries prime minister and deputy prime minister; all to no avail; key elements of the protestors, and those behind them, wanted their putsch.
  • Carl Gershman, president of NED, wrote last September that “Ukraine is the biggest prize”. The man knows whereof he speaks. He has presided over NED since its beginning, overseeing the Rose Revolution in Georgia (2003), the Orange Revolution in Ukraine (2004), the Cedar Revolution in Lebanon (2005), the Tulip Revolution in Kyrgyzstan (2005), the Green Revolution in Iran (2009), and now Ukraine once again. It’s as if the Cold War never ended. The current unbridled animosity of the American media toward Putin also reflects an old practice. The United States is so accustomed to world leaders holding their tongue and not voicing criticism of Washington’s policies appropriate to the criminality of those policies, that when a Vladimir Putin comes along and expresses even a relatively mild condemnation he is labeled Public Enemy Number One and his words are accordingly ridiculed or ignored. On March 2 US Secretary of State John Kerry condemned Russia’s “incredible act of aggression” in Ukraine (Crimea) and threatened economic sanctions. “You just don’t in the 21st century behave in 19th century fashion by invading another country on completely trumped up pre-text.” Iraq was in the 21st century. Senator John Kerry voted for it. Hypocrisy of this magnitude has to be respected.
Paul Merrell

Mexico Wants To Renegotiate NAFTA 'As Soon As Possible' - 0 views

www.mintpressnews.com/...223969

Trump-administration NAFTA U.S.-foreign-policy Mexico

shared by Paul Merrell on 11 Jan 17 - No Cached
  • Mexico’s new foreign relations secretary says the country isn’t only willing to negotiate changes to the North American Free Trade Agreement, it wants negotiations as soon as possible. Luis Videgaray says there’s “enormous uncertainty” following the U.S. election of Donald Trump as president. Trump has pressured companies not to move jobs to Mexico, warned he would tax those who do and vows to renegotiate NAFTA. Videgaray said in a Radio Formula interview Tuesday that Trump’s actions have caused concern, adding “that is why this (negotiation) process is so important, to dispel this uncertainty.” He said talks should start “as soon as possible.” He said Mexico is willing to negotiate over Trump’s plan to build a border wall. But Videgaray said Mexico won’t pay for the wall, calling that “unacceptable.”
Gary Edwards

The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their ... - 0 views

endoftheamericandream.com/...uption-that-has-been-uncovered

shared by Gary Edwards on 28 Sep 11 - No Cached
  • If the federal government shut down the Federal Reserve system, started issuing debt-free money and established a new system based on sound financial principles we might have a chance of turning this thing around.
    • Gary Edwards
      Gary Edwards on 28 Sep 11
       
      Presidents Lincoln, Kennedy and Reagan all thought they could issue silver certificates from the US Treasury.  Only Reagan lived to tell about his once and future ambition, but even that was a close call. 1/4" from his heart to be exact.
    • Gary Edwards
      Gary Edwards on 28 Sep 11
       
      An interesting side note is that Sadam Hussein, Hitler, and Quadafi shared more than just tyrannical blood lust.  They each defied the world order of international Banksters by threatening to create hard currencies.  Sadam wanted to be paid for his oil in Euro's denominated in gold and silver equivalencies rather than dollar denominated contractual agreements.  Meaning, whatever the prive of gold/silver is on a given day instead of whatever the dollar contracts specify.  Hitler ended the Wiemar fiat currency and moved to a hard Deutch Mark based on Bankster gold used to lauch the national socialist movement (the Banksters also famously funded Lenin's international communist revolution).  And it's well known that Quadafi tried to convince the congress of African nations to move off the dollar/euro fiat currencies to a hard gold/silver backed African currency initially launched through the trade of oil, diamonds and yellow cake commodities. One thigns for sure.  The Banksters are very good at stirring nationalist sentiment, and using these militaries to defeat those who would defy their control of the worlds money.
  • “”If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation,the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson
Paul Merrell

Secret Israeli Report Sees Rift With Europe Growing - J.J. Goldberg - Forward.com - 0 views

blogs.forward.com/...t-sees-rift-with-europe-growin

war & peace Israel Europe leaked-docs

shared by Paul Merrell on 21 Jan 15 - No Cached
  • A classified Israeli foreign ministry document, leaked to the daily Yediot Ahronot, warns that 2015 will see Israel’s standing on the world stage steadily deteriorating. It predicts “worsening drift in Europe toward Palestinian positions, more parliaments recognizing the State of Palestine, fear of sanctions and labeling merchandise [to separate settlement products from tariff-free Israel-proper products] and no certainty that the United States will continue after Israel’s March elections to protect Israel with its veto.” The document is said to be a summary of an interministerial assessment roundtable convened by foreign minister Avigdor Lieberman, and is signed by foreign ministry deputy director-general Gilead Cohen. It was circulated to Israel’s ambassadors around the world, Yediot reported. In addition to labeling settlement products and parliamentary votes to recognize Palestine, the foreign ministry document warns of European nations halting the supply of replacement parts for Israeli equipment and demanding compensation for damage caused by Israel to European projects in the territories.
  • “The Europeans are creating a clear link between political and economic relations, and in this context it should be remembered that Europe is Israel’s main trading partner.” European diplomats and politicians increasingly view Israel as responsible for the failure of Israeli-Palestinian peace talks, claiming that Israel sets unreasonable conditions for a peace agreement in order to continue deepening its hold on the West Bank.
  • The tensions surrounding Prime Minister Netanyahu’s visit to Paris this week are an outgrowth of that growing gulf of suspicion. As Haaretz diplomatic correspondents Barak Ravid and Asher Schechter both reported, French president Francois Hollande initially asked Netanyahu not to come to Paris for the Sunday solidarity rally, because he wanted to avoid injecting the divisive Israeli-Palestinian issue into the rally’s theme of national and Europe-wide unity and solidarity. Once Netanyahu announced that he was coming, Hollande made clear to him that Palestinian leader Mahmoud Abbas would be invited as well. Netanyahu has said repeatedly since last week’s Paris attacks, in his initial sympathy statement and again in his remarks Monday at the site of the kosher supermarket attack, that the terror plaguing Europe is the same as the terror Israel faces. He said he hoped Europe would “wake up in time” to the terrorist threat. He continued: “Israel supports Europe in its fight against terrorism and it’s time Europe supported Israel in the same fight.” His comments have caused resentment in France. Like most of Europe, French leaders regard Israel’s conflict with Arab terrorists as fundamentally different from the jihadist terrorism spreading from Syria to the European continent. The Israeli-Palestinian conflict is seen as a territorial dispute, albeit with religious overtones where Hamas is concerned, while Al Qaeda and ISIS are seen as essentially nihilistic movements that seek to undermine Western civilization.
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  • As for “waking up” to the terrorist threat, French observers note that they are carrying the fight against Al Qaeda in Mali on their own, had one of the largest NATO troop contingents fighting the Taliban in Afghanistan and maintain what’s considered one of the best counter-terrorism intelligence operations in the West. In effect, Netanyahu’s call for Europe to “wake up” and “support Israel” in its struggle against terrorism is seen as a demand that Europe acquiesce in his effort to entrench Israeli presence in the territories, rather than withdrawing and permitting a Palestinian state based on the pre-1967 lines.
  • Paul Merrell on 21 Jan 15
     
    " ... no certainty that the United States will continue after Israel's March elections to protect Israel with its veto." That would seem to indicate that the Obama Administration is doing some very tough talking to Israeli government officials behind the scenes. But I doubt that Obama would have the U.S. abstain or vote in favor of a Security Council Resolution condemning Israel unless it was on a matter that would inflicit little actual pain on the Israeli government. In that scenario, Kerry could claim plausibly that the U.S. abstention or vote in favor was a "message" to Israeli gobvernment to get serious about making the two-state solution happen. But I have to admit it would warm my heart to see a Security Council Resolution adopted authorizing the use of force to break the Gaza siege and to push Israeli troops and its settlers back to the 1967 borders.  
Paul Merrell

Investigation Finds World's Largest Coal Company Misled Public On Climate Change | Thin... - 0 views

thinkprogress.org/...ttlement-new-york-schneiderman

shared by Paul Merrell on 11 Nov 15 - No Cached
  • The world’s largest private coal company misled its investors and the public about the financial risks of climate change, New York state’s attorney general announced on Monday. In a press release, Attorney General Eric Schneiderman said Peabody Energy violated New York laws prohibiting “false and misleading conduct” in public statements about its business. Specifically, Schneiderman found that Peabody failed to tell its investors about how regulations to fight climate change could hurt the coal industry. Instead, Peabody insisted it had no idea how climate regulations would affect its business, and provided its investors with “incomplete and one-sided discussions” of the future of coal in a climate-concerned world, Schneiderman said.
  • “As a publicly traded company whose core business generates massive amounts of carbon emissions, Peabody Energy has a responsibility to be honest with its investors and the public about the risks posed by climate change, now and in the future,” Schneiderman said in a statement. “I believe that full and fair disclosures by Peabody and other fossil fuel companies will lead investors to think long and hard about the damage these companies are doing to our planet.” The state laws Peabody was found to have violated are the Martin Act and Executive Law, both of which “prohibit false and misleading conduct in connection with securities transactions,” the attorney general said. Peabody did not admit or deny those findings, but signed a document on Sunday agreeing to revise its shareholder disclosures with the Securities and Exchange Commission. Per that document, Peabody will have to correct its financial statements to be honest about how a global climate deal or other carbon regulation could hurt its business. The document can be found in full here.
  • Peabody’s violations will not result in financial punishment, as both laws only allow monetary penalties if shareholders need to be reimbursed for financial losses. It’s difficult to know what, if any, financial harm was passed on to shareholders due to Peabody’s misleading statements, since this particular situation was about the future risks of climate change. If in the future, however, investors find that Peabody’s misleading statements cost them money, they would likely have the option to sue. The settlement comes just a few days after the two-year investigation became public. On Friday, Scheiderman announced that his office had issued subpoenas to both Peabody and oil company ExxonMobil, both related to the fossil fuel giants’ public statements on climate change.
  • ...1 more annotation...
  • Environmentalists and Democratic politicians have accused ExxonMobil of engaging in a cover-up to mislead the public about the risks of human-caused climate change in order to sell more of its carbon-intensive product. Exxon has vehemently denied the accusation. Either way, Schneiderman’s two investigations are sparking serious legal discussion about how honest fossil fuel companies must be when it comes to the carbon emissions they create — especially if honesty might mean knowingly lowering profits. Should coal companies be forced to admit that their coal is creating a climate risk? If so, should they be allowed to fund politicians who advocate against climate action? Are these corporate activities protected free speech? Bloomberg View columnist Matt Levine offered a nuanced discussion of those questions on Friday. And ultimately, he said, it may just come down to whether these companies lied to their own investors — even if the lie was in their investors’ financial interest. “If you lie to the public about the risks that fossil fuel use poses to life on earth, you are just exercising your right as a citizen,” Levine wrote. “But if you lie to your investors about the risks that fossil fuel regulation poses to your stock price, you are committing fraud and will get in bad trouble.”
  • Paul Merrell on 11 Nov 15
     
    "If you lie to the public about the risks that fossil fuel use poses to life on earth, you are just exercising your right as a citizen," Levine wrote. Correction. Corporations are not citizens; only human beings can achieve that status.  
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