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Gary Edwards

Thoughts from the Frontline : Six Impossible Things by John Mauldin - 0 views

www.2000wave.com/article.asp

financial-crisis euro-crisis obammunism economic-rules identity-equation banksters

shared by Gary Edwards on 05 Jun 10 - Cached
  • Gary Edwards on 05 Jun 10
     
    Funny but a year ago we were hearing quite a bit of noise about the "End of Capitalism".  Today, the world is looking at the "End of Socialism".  How quickly things change. Six Impossible Things I have written several letters over the years about the basic economic equation GDP = C + I + G + (Net Exports) Which is to say, that Gross Domestic Product in a country is equal to total Consumption (personal and business) plus Investments plus Government Spending plus next exports. This equation is known as an identity equation. It is true for all countries and times. Now, gentle reader, I am going to spare you a few pages of algebra and cut to the chase. Let's divide a country's economy into three sections, private, government and exports. If you play with the variables a little bit you find that you get the following equation. Domestic Private Sector Financial Balance + Governmental Fiscal Balance - the Current Account Balance (or Trade Deficit/Surplus) = 0 This equation was introduced to you a few months ago in an Outside the Box written by Rob Parenteau. We are going to review this briefly, as it is VERY important. Paragraphs in quotes will be from that letter. As Rob noted, "...keep in mind this is an accounting identity, not a theory. If it is wrong, then five centuries of double entry book keeping must also be wrong." By Domestic Private Sector Financial Balance we mean the net balance of business and consumers. Are they borrowing money or paying down debt? Government Fiscal Balance is the same: is the government borrowing or paying down debt? And the Current Account Balance is the trade deficit or surplus. The implications are simple. The three items have to add up to zero. That means you cannot have both surpluses in the private and government sectors and run a trade deficit. You have to have a trade surplus.
Paul Merrell

Imagery and Empire: Understanding the Western Fear of Arab and Muslim Terrorists | Glob... - 0 views

www.globalresearch.ca/...5440478

war & peace terrorism™ perpetrators stats

shared by Paul Merrell on 08 Apr 15 - No Cached
  • Seven out of the top ten countries afflicted by terrorist attacks are predominately Muslim, according to the Australia-headquartered Institute for Economics and Peace’s Global Terrorism Index for 2014, which is based on the University of Maryland’s meta-analytic Global Terrorism Database. Using a maximum value of ten and a minimum value of zero, the entire international community is systematically ranked. Although the definition of terrorist incidents in the University of Maryland’s Global Terrorism Database can definitely be debated over, important inferences can be made from its data sets and the Institute for Economics and Peace’s Global Terrorism Index. Several key features can be noticed, if readers look at the nature and identities of the perpetrators of what is classified as acts of terrorism among the top thirty countries in the Global Terrorism Index for 2014. The first feature is that the violence generated from the ascribed terrorist groups falls within the framework of insurrections and civil wars that are generally equated as acts of terrorism. For example, this is the case for countries like Somalia, the Philippines, Thailand, Colombia, Turkey, Mali, the Democratic Republic of Congo, and Nepal, which are respectively ranked seventh, ninth, tenth, sixteenth, seventeenth, twenty-second, and twenty-fourth place. Under closer examination several of these insurgencies can be tied to international rivalries and power plays by the US and its allies. This becomes obvious when more observations are made.
  • The second feature is that the majority of the cases of terrorism in the indexed countries, especially the higher ranked they are on the list, are connected to Washington’s direct or indirect interference in their affair. For example, this is the case for Iraq, NATO-garrisoned Afghanistan, Pakistan, Syria, Somalia, Yemen, Russia, Lebanon, Libya, the Democratic Republic of Congo, Sudan, South Sudan, China, and Iran, which are respectively ranked first, second, third, fifth, seventh, eighth, eleventh, fourteenth, fifteenth, eighteenth, nineteenth, twentieth, twenty-fifth, and twenty-eighth. US-led wars, Pentagon interventions, US-backed coups, or US government support for so-called «opposition» groups or proxy regimes have all been a basis for the affliction of terrorism in these countries. Out of the above countries, according to the Global Terrorism Index, 82% of global deaths that are assigned to acts of terrorism happen in NATO-garrisoned Afghanistan, Iraq, Pakistan, Syria, and Nigeria. The ties to US foreign policy should be clear.
  • It has been claimed that if all terrorists are not Arabs or Muslims, that most terrorists are Arabs or Muslims. Is this true or another myth? An empirical look at data compiled in the US and Europe will help answer this question. In the US, which is ranked thirtieth in the Global Terrorism Index for 2014, the majority of terrorists are not Muslims and are non-Muslims according to the Federal Bureau of Investigation (FBI). Inside the US, 6% of terrorist cases from 1980 to 2005 were committed by Muslim terrorists. [1] The other 94% of terrorism cases and terrorists — in other words, the vast majority — were not related to Arabs, Muslims, or Islam. [2] While the FBI’s methodology on what is a terrorist attack and what is not a terrorist attack is questionable, it will be accepted herein for arguments sake. According to the same FBI report, there were actually more terrorist attacks launched by Jews from 1980 to 2005 on US soil. The same FBI data was compiled by the Princeton University-linked webpage loonwatch.com in a chart that describes the breakdown of cases of terrorist attacks on US soil from 1980 to 2005 as follows: 42% Hispanic terrorism; 24% extreme left-wing group terrorism; 16% other types of terrorists that do not fit into the other main categories; 7% Jewish terrorists; 6% Muslim terrorists; and 5% communist terrorists. [3] While Muslim terrorists comprised 6% of the attacks on US soil from 1980 to 2005, Jewish terrorists and Hispanic terrorists respectively comprised 7% and 42% of the terrorist attacks in the US during the same period. There, however, is no fear mongering about Jews or Hispanic people. The same media and government focus is not given to them as is given to ethnic Arabs and Muslims.
  • ...4 more annotations...
  • Illusions are at work in the world. The truth has been turned on its head. The victims are being portrayed as the perpetrators. Whether stated candidly, implied, or unmentioned, the notion of Arabs and Muslims as savages and terrorists plays on the imagery that the so-called Western World embodies equality, freedom, choice, civilization, tolerance, progress, and modernity whereas the so-called Arab-Muslim World underneath its surface represents inequality, restrictions, tyranny, a lack of choices, savagery, intolerance, backwardness, and primitiveness. This imagery actually serves to de-politize the political nature of tensions. It sanitizes the actions of empire, from coercive diplomacy with Iran and support for regime change in Syria to the invasions of Afghanistan and Iraq and US military intervention in Somalia, Yemen, and Libya. As mentioned earlier, in varying degrees, this imagery extends to other places that are seen by US Orientalists as non-Western places or entities, like Russia and China. At its roots, this imagery is really part of a discourse that sustains a system of power that allows power to be practiced by an empire over «outsiders» and against its own citizens. It is because of US foreign policy and economic interests that Arabs and Muslims are unempirically portrayed as terrorists while real world data that shows that US intervention is creating terrorism is ignored. This is why there is a fixation on the attack on Parliament Hill in Canada, the Martin Place hostage crisis in Sydney, and the Charlie Hebdo attack in Paris, but US, Canadian, Australian, and French governmental support for terrorism that has cost tens of thousands of lives in Syria is ignored.
  • There is a huge disparity in who is causing and committing terrorism and who is being victimized and blamed for it. Despite the overwhelming facts, whenever Arabs or Muslims commit crimes and acts of terrorism, they are the individuals that are focused on whereas non-Arabs and non-Muslims are ignored. If it does acknowledge that Muslims are the biggest victims of terrorism, Orientalism still manages to assess some guilt to the victims of terrorism by tacitly portraying them as members of a savage community or society that are as much prone to facing a violent end as animals in a jungle.
  • The same pattern repeats itself in the European Union. Loonwatch.com also compiles data on terrorism in the European Union from the reports of the European Union’s European Police Office (Europol) from 2007, 2008, and 2009 in its annual EU Terrorism Situation and Trend Reports. [4] The data further distances Muslims from terrorist acts. 99.6% of the terrorist attacks in the European Union were committed by non-Muslims. [5] The number of failed, foiled, or successful terrorist attacks by Muslims in the EU from 2007 to 2009 was simply five attacks whereas the number of terrorist attacks by separatist groups was 1,352 attacks, which equates to approximately 85% of all terrorist incidents in the European Union. [6] According to Europol, the number of failed, foiled, or successful terrorist attacks by so-called left-wing groups was 104 while another 52 attacks were categorized as non-specific. [7] In the same period, two attacks were attributed to so-called right-wing groups by Europol. [8]
  • It has been claimed that if all terrorists are not Arabs or Muslims, that most terrorists are Arabs or Muslims. Is this true or another myth? An empirical look at data compiled in the US and Europe will help answer this question.
  • Paul Merrell on 08 Apr 15
     
    Very interesting statistics that depart from the common American belief. Note that the stats do not include "terrorism" inflicted by U.S. or foreign government military forces. But all wars produce terror far beyond the wildest capabilities of individual "terrorists."
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