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Gary Edwards

Rand Paul's Tea Party Response: Full Text - 0 views

www.newsmax.com/...490118

Rand-Paul Libertarian USA-Constitution

shared by Gary Edwards on 13 Feb 13 - No Cached
  • With my five-year budget, millions of jobs would be created by cutting the corporate income tax in half, by creating a flat personal income tax of 17%, and by cutting the regulations that are strangling American businesses.
  • America has much greatness left in her. We will begin to thrive again when we begin to believe in ourselves again, when we regain our respect for our founding documents, when we balance our budget, when we understand that capitalism and free markets and free individuals are what creates our nation’s prosperity.
  • Gary Edwards on 13 Feb 13
     
    Outstanding statement about what made America great, an dhow are government is destroying that greatness.  This is the full Text of Sen. Rand Paul's Tea Party Response to Obama's State of the Union Address: I speak to you tonight from Washington, D.C. The state of our economy is tenuous but our people remain the greatest example of freedom and prosperity the world has ever known. People say America is exceptional. I agree, but it's not the complexion of our skin or the twists in our DNA that make us unique. America is exceptional because we were founded upon the notion that everyone should be free to pursue life, liberty, and happiness. For the first time in history, men and women were guaranteed a chance to succeed based NOT on who your parents were but on your own initiative and desire to work. We are in danger, though, of forgetting what made us great. The President seems to think the country can continue to borrow $50,000 per second. The President believes that we should just squeeze more money out of those who are working. The path we are on is not sustainable, but few in Congress or in this Administration seem to recognize that their actions are endangering the prosperity of this great nation. Ronald Reagan said, government is not the answer to the problem, government is the problem. Tonight, the President told the nation he disagrees. President Obama believes government is the solution: More government, more taxes, more debt. What the President fails to grasp is that the American system that rewards hard work is what made America so prosperous. What America needs is not Robin Hood but Adam Smith. In the year we won our independence, Adam Smith described what creates the Wealth of Nations. He described a limited government that largely did not interfere with individuals and their pursuit of happiness. All that we are, all that we wish to be is now threatened by the notion that you can have something for nothing, that you can have your cake and ea
Gary Edwards

Civil Unrest Ahead - LewRockwell.com - 0 views

www.lewrockwell.com/...civil-unrest-ahead

Ron-Paul Libertarian

shared by Gary Edwards on 12 Jan 15 - No Cached
  • The Victimized Inner Cities
  • This social disruption has motivated the enthusiastic growth and militarization of our local police departments. The law and order crowd thrives on excessive laws and regulations that no US citizen can escape. The out-of-control war on drugs is the worst part, and it generates the greatest danger in poverty-ridden areas via out-of-control police. It is estimated that these conditions have generated up to 80,000 SWAT raids per year in the United States. Most are in poor neighborhoods and involve black homes and businesses being hit disproportionately. This involves a high percentage of no-knock attacks. As can be expected many totally innocent people are killed in the process. Property damage is routine and compensation is rare. The routine use of civil forfeiture of property has become an abomination, totally out of control, which significantly contributes to the chaos. It should not be a surprise to see resentment building up against the police under these conditions. The violent reaction against local merchants in retaliation for police actions further aggravates the situation —hardly a recipe for a safe neighborhood.
  • Civil liberties are ignored by the police, and the private property of innocent bystanders is disregarded by those resenting police violence.
  • ...50 more annotations...
  • The entitlement mentality is a source of much anger and misunderstanding. It leads people who see themselves as victims to one conclusion: they are entitled to be taken care of.
  • If one trillion dollars per year doesn’t do the job, then make it $2 trillion. If the war on poverty’s $16 trillion hasn’t worked, make it $32 trillion.
  • The wealthy special interests, such as banks, the military-industrial complex, the medical industry, the drug industry, and many other corporatists, quickly gain control of the system.
  • Honest profits of successful entrepreneurs are quite different than profits of the corporate elite who gain control of the government and, as a consequence, accumulate obscene wealth by “robbing” the middle class.
  • Crumbs may be thrown to the poor, but the principle of wealth transfer is hijacked and used for corporate and foreign welfare instead of wealth transfers to the poor.
  • To blame and destroy those who make an honest living by satisfying consumers without the use of special benefits from the government is destructive to liberty and wealth.
  • True satisfaction comes from productive effort and self-reliance and not from a government transferring wealth in an effort to bring about an egalitarian society.
  • The people have too little confidence that most problems can be solved in a voluntary manner in a society that cherishes civil liberties. There’s never an admission that government problem-solving doesn’t work. Government-created problems are a road to poverty and resentment. Too many people believe that “free stuff” from the government can solve our problems. They mistakenly believe that deficits don’t matter and that wealth can come from a printing press.
  • The high profile episodes of police violence and overreaction are a consequence of conditions that in many ways were generated by government policy.
  • equal justice requires the end of welfare redistribution
  • Redistribution is a process that is always destined to help a small minority, whether in an economy like ours that endorses central economic planning or in one run by radical fascists or communists.
  • Retraining the police won’t touch the complex problems that pit the police against the victims of complex social conditions generated by hate, violence and bad economic policies.
  • Under an authoritarian regime, those in power take care of themselves. This always leads to poverty and discrepancy in wealth distribution.
  • Eventually the social strife that is predictable leads to an overthrow of the government.
  • The strife that we are witnessing is a reflection of a growing number of people who are recognizing the discrepancy between rich and poor, the weak and the powerful, Wall Street and Main Street.
  • Both political parties are financed by Wall Street, the big banks, and the military-industrial complex. Getting rich by being part of the government class is the problem.
  • Indeed the rich are getting richer and the poor poorer. The extreme current inequality is not a consequence of free markets and true liberty. Rather it results from the welfare state that, as always, morphs into a system that provides excesses for the powerful few.
  • The economic interventionist system under which we live today rewards those who benefit from government economic planning by the Federal Reserve, access to government contracts, and targeted special regulations to help one group over the other
  • We must limit the government’s role to protecting equal justice in defense of life, liberty, and property.
  • Police brutality and militarization may well induce a violent event far beyond what we have seen in Ferguson. It also can serve as an excuse. But it is not the root cause of turmoil. The real cause is poverty, the entitlement mentality, and the breakdown of the rule of law. Moral decay and the national police state are the real culprits.
  • There are two problems. First is conceding the principle that government has the moral authority to redistribute wealth. Second is believing the redistribution will be managed wisely and without corruption.
  • We have too many police, too many laws, and too much exemption of government officials from the crimes they commit.
  • There has to be an understanding that productive effort and self-reliance on the part of everyone is required for a free society to thrive.
  • Welfare, for the rich or poor, cannot exist without the sacrifice of the principal of property ownership.
  • The loss of our liberty has sharply accelerated since the 9/11 attacks. We have done to ourselves what no foreign enemy could have possibly accomplished.
  • The national police are made up of over 100,000 bureaucrats and police officials who carry guns to enforce federal law on the American citizens.
  • Today every American is a suspect. Our president has established a policy that an American citizen can be assassinated without even being charged with a crime.
  • The Founders and our Constitution intended that policing powers would be the responsibility of the individual states. That was forgotten a long time ago
  • the Feds are there taking charge over all local officials and property owners,
  • The Founders did not even want a standing army. They wanted only a militia.
  • Old-fashioned colonialism was deemed necessary by various European powers to secure natural resources along with control over sea lanes and markets for selling manufactured goods.
  • European-style colonialism — supporting a mercantilistic economy — came to be seen as politically unrealistic and unnecessary.
  • We are now subject to an out-of-control domestic police force while the US military maintains our Empire overseas.
  • When free-trade principles were utilized, colonialism did not die; it only changed form. Mercantilism in various forms and degrees drove trade policies of nations with strong economies and militaries.
  • The United States military presence around the world provides a “private” police force to protect US and other international companies against any local resistance or leaders that turn unfriendly. Our military presence overseas has nothing to do with protecting our freedoms and defending our Constitution.
  • The international monetary system is a powerful tool for the select few.
  • In fact, the real heroes are the ones who expose the truth and refuse to fight foreign wars for the international corporations.
  • The “one percenters,” generally speaking, are internationalists who are not champions of individual liberty and free trade. They are supporters of managed trade and international institutions like the WTO where the interests of the one percent can influence the rulings that frequently have little to do with advancing advertised goals of low tariffs and free trade.
  • Disengaging our troops from around the world and refusing to defend American neocolonialism is pursuing a course compatible with the qualities that Americans claim to stand for.
  • The obsession with continuing all the same policies has increased our poverty, increased violence between the classes, and lowered the standard of living for all except the elite one percent. And worst of all, the sacrifice of liberty was for naught.
  • Losing both liberty and the right to truly own property undermines the ability to create wealth.
  • Tax revenues will continue to rise, aiding the policy of the government spending the people’s money rather than those who earned it.
  • When this process gets out-of-control the economy goes into a death spiral, in the beginning of which we currently find ourselves. Without a correction to the basic understanding of the proper role of government, the downward spiral will continue.
  • Wall Street will be protected, and the trillions of dollars of big banks derivatives will be absorbed by the Fed, the FDIC, and ultimately by the American taxpayers in the next financial crisis.
  • Authoritarianism has overtaken our economic system as the welfare mentality takes over at every level of government.
  • There’s no doubt the poor will get poorer and the rich richer until the spirit of revolution in the people calls a halt to the systematic destruction of freedom in America.
  • Once the initiation of force by government is accepted by the people, even minimally, it escalates and involves every aspect of society. The only question that remains is just who gets to wield the power to distribute the largess to their friends and chosen beneficiaries.
  • It’s a recipe for steady growth of the government at the expense of liberties, even if official documents and laws written to limit government power are in place.
  • Restraining the few who thrive on the use of force to rule over us is the challenge. Fortunately they are outnumbered by those who would choose liberty yet lack the will to challenge the humanitarian monsters who gain support from naive and apathetic citizens.
  • The sentiments supporting secession, jury nullification, nullification of federal laws by state legislatures, and a drive for more independence from larger governments will continue.
  • Gary Edwards on 12 Jan 15
     
    "If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege. It didn't happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised - physical and economic - the less liberty was protected. With cradle-to-grave welfare protecting all citizens from any mistakes and a perpetual global war on terrorism, which a majority of Americans were convinced was absolutely necessary for our survival, our security and prosperity has been sacrificed. It was all based on lies and ignorance. Many came to believe that their best interests were served by giving up a little freedom now and then to gain a better life. The trap was set. At the beginning of a cycle that systematically undermines liberty with delusions of easy prosperity, the change may actually seem to be beneficial to a few. But to me that's like excusing embezzlement as a road to leisure and wealth - eventually payment and punishment always come due. One cannot escape the fact that a society's wealth cannot be sustained or increased without work and productive effort. Yes, some criminal elements can benefit for a while, but reality always sets in. Reality is now setting in for America and for that matter for most of the world. The piper will get his due even if "the children" have to suffer. The deception of promising "success" has lasted for quite a while. It was accomplished by ever-increasing taxes, deficits, borrowing, and printing press money. In the meantime the policing powers of the federal government were systematically and significantly expanded. No one cared much, as there seemed to be enough "gravy" for the rich, th
Paul Merrell

American Democracy is Owned by the Rich | Al Jazeera America - 1 views

america.aljazeera.com/...he-rich-own-our-democracy.html

U.S. Congress corruption

shared by Paul Merrell on 19 Feb 15 - No Cached
  • Two new studies by political scientists offer compelling evidence that the rich use their wealth to control the political system and that the U.S. is a democratic republic in name only. In a study of Senate voting patterns, Michael Jay Barber found that “senators’ preferences reflect the preferences of the average donor better than any other group.” In a similar study of the House of Representatives, Jesse H. Rhodes and Brian F. Schaffner found that, “millionaires receive about twice as much representation when they comprise about 5 percent of the district’s population than the poorest wealth group does when it makes up 50 percent of the district.” In fact, the increasing influence of the rich over Congress is the leading driver of polarization in modern politics, with the rich using the political system to entrench wealth by pushing for tax breaks and blocking redistributive policies.
  • At the turn of the decade, political scientists Larry Bartels, Jacob Hacker and Martin Gilens wrote several incredibly influential important books arguing, persuasively, that the preferences of the rich were better represented in Congress than the poor. After the books were published, there was a flurry of research arguing that they had overstated their case. Critics alleged two key defects in Bartels’ and Gilens’ arguments. First, because polling data on the super-wealthy were sparse, it was difficult to prove that there were large differences in opinion. Political scientists often rely on composite measures of policy liberalism, but since the poor tend to be more economically liberal but socially conservative, the differences between the poor and moderately rich can often be obscured. Second, there was no way to show that influence of the wealthy was caused directly by the influence of money. It might well be that the rich are simply opinion leaders or are more likely to vote.
  • Recent research offers compelling answers to these criticisms. The new evidence adds credence to the Bartels-Gilens-Hacker view that money is corrupting American politics. By using a massive database of ideology that includes the super wealthy, Schaffner and Rhodes found that “members of Congress are much more responsive to the wealthy than to their poor constituents.” However, this difference is not equal between both parties; rather, Democrats are far more responsive to the poor than Republicans. (This is not surprising; other research supports this claim.) They find that both parties strongly favor the upper-middle class, those with $100,000 to $300,000 in wealth. But Republicans are not only more responsive to the rich, but particularly to rich donors. Schaffner and Rhodes argue that, “campaign donations, but not voter registration or participation in primary or general election, may help explain the disproportionate influence of the wealthy among Republican representatives.” Barber’s study is the first to directly examine the policy preferences of the donor class. Barber sent 20,500 letters to people who contributed to 22 Senate elections in 2012 and asked about various policy questions. This allowed Barber to examine the differences in representation between donors and non-donors. His finding: Donors’ preferences tend to be far better represented than non-donors’. The chart below measures the ideological differences between various groups, with 0 indicating a perfect fit. The data show that Senators are almost perfectly aligned with their donors, but rather distant from voters.
  • ...5 more annotations...
  • In fact, politicians are almost perfectly aligned with donors, but less aligned with partisans (people who voted for the Senator and share party affiliation), supporters (people who voted for the Senator) and voters in general. He Barber also finds that donors tend to be far more extreme in their views (see chart below). For instance, while about sixty percent of non-donor Republicans oppose the Affordable Care Act, opposition among donors is “almost unanimous.” Barber also notes that donors tend to be far more extreme than non-donors (see chart). (This is supported by other studies).
  • Such data could explain the rising polarization of Congress, as politicians increasingly respond to their donors, rather than to voters. Political scientists Walter J. Stone and Elizabeth N. Simas have found that challengers raise more money when they take extreme positions, which helps explain why incumbent representatives tend to be more partisan than departing representatives. It certainly explains the intransigence of the last two Congresses: Republicans, who are responding to their rich donor base, are incentivized to oppose any action, particularly those supporting Obama, lest they lose funding. Since Senators have to raise approximately $3,300 a day every year for six years to remain viable, they will inevitably have to succumb to the power of money if they wish to be reelected. This research raises the disturbing thought that our political system is no longer representative. As Barber notes, about half of all donors are from out of state, meaning that politicians are no longer responsive to their voters (though they are slightly more during election years). Given that only .22 percent of Americans made a donation of more than $200 (the level Barber studies) in 2014, we have power evidence that America is now a government of the one percent — indeed, of the one-fifth of one percent.
  • This disturbing trend affects politics at all levels. At the state level, political scientists Gerald Wright and Elizabeth Rigby found that state party platforms are far more influenced by the rich than the poor. Elsewhere, Barber found evidence that presidents are more responsive to donors than non-donors. Recently Griffin and Newman found representation gaps between whites and people of color as well as low-income voters. This finding is supported by Christopher Ellis, who found that donors were better represented than non-donors (although using a less comprehensive method than Barber). In a frank moment, U.S. Sen. Chris Murphy (D – Conn.) said, “I talked a lot more about carried interest inside of that call room than I did in the supermarket.” He’s correct: Donors tending to be far richer and wealthier than non-donors (see chart).
  • There are still unanswered questions. It is possible that politicians cast ideological votes to appease donors and partisans (for instance, the vain attempt to repeal the Affordable Care Act dozens of times), while also working to benefit the poor and middle class through less visible means. This might explain why political journalists, who often focus on major legislation, miss the distributional impacts of political appointments and regulatory action. It may be that politicians work to maximize votes, and then political donations follow (though there is strong evidence this isn’t the case). Either way, the most up-to-date evidence strongly suggests that money is distorting our system, and that evidence appears to be growing stronger by the day.
  • The solution, as a recent Demos report suggests, is to help reformist candidates gather donations with a public matching system. Since voters who are non-donors are less ideological, the solution is to balance out the political distortions from the donor class by turning these non-donors into donors. Citizens United has only increased the stranglehold of moneyed interests on our political system, and is daily choking the life of our democracy. Only by restoring influence to all voters will our republic be restored.
Paul Merrell

Israel's ex-security chiefs stand with the international community on Iran deal - Diplo... - 0 views

www.haaretz.com/....premium-1.560262

war & peace Iran Iranian-nukes-myth Israel negotiations intelligence-chief

shared by Paul Merrell on 27 Nov 13 - No Cached
  • Amid the cries of woe echoing from the cabinet since Sunday, we could have expected the former intelligence chiefs to join the government’s battle to convince the world of the dangers of the Geneva agreement. But that didn’t happen. “When I heard the reactions in Jerusalem, I mistakenly thought for a moment that Iran had begun to develop a nuclear warhead,” said former Military Intelligence chief Amos Yadlin. His predecessor, Aharon Ze’evi-Farkash, warned about the expected damage from the increasingly bitter rift between Israel and the United States.
  • The question at this late stage is what alternatives Israel has. It was Netanyahu who decided in previous years not to attack the nuclear sites. And now Iran is gradually emerging from its international isolation thanks to the negotiations with the world powers. For a moment it seemed that Israel, as it quarrels with the United States and the European Union on settlement construction, insisted on filling Iran’s shoes as international pariah.
  • Paul Merrell on 27 Nov 13
     
    Poor Bibi and crew. Their justification for goading the U.S. into war against Iran just got taken off the table. And they're upset about it because it never was really about the mythical Iranian nuclear weaponization. It was about removing the only military force in the region capable of stopping an Israeli invasion. Iran, the nation that came to the aid of Syria when the Izzies and the Saudis wanted to destabilize Syria and break it into smaller pieces and almost persauded the U.S. to launch missile strikes against Syria under the pretext of a false flag nerve gas attack actually carried out by Saudi puppet jihadis. Poor Bibi. No U.S. war against Iran. And to be told this by a black president. (Israel's right-wing is far from kind to black Africans in Israel. They get treated like they were Arab Palestinians.) But Bibi can't burn that bridge with the U.S. and stay in power. U.S. support is the only reason that Israel still exists.        
Gary Edwards

Campaign For Liberty - Jim Rogers Interview Transcript - 0 views

www.campaignforliberty.com/blog.php

obammunism financial-collapse hyperinflation

shared by Gary Edwards on 11 Aug 10 - Cached
  • Gary Edwards on 11 Aug 10
     
    Excellent interview. excerpt:  if you were the President of the United States today, do you think that there are any practical steps that you could take immediately to fix the economy, and what would they be? JR: Oh, sure. I would abolish the Federal Reserve. I would cut taxes. I would cut spending in a draconian manner. A very draconian manner. The idea that you can solve a problem of too much debt and too much consumption, with more debt and more consumption, defies comprehension. I can't believe that grown-ups would say words like that out-loud. But that's what they seem to think - I don't know if they really believe it's going to work, but they just don't know what else to do, and you know they're all doing... for the next elections, so they're making things worse. There are plenty of ways to solve the problem. You let the people who go bankrupt go bankrupt. You let Fannie Mae and Freddie Mac go bankrupt, go out of business. You let AIG go out of business. You stop bailing everybody out. The Japanese tried it our way in the early 90s; they refused to let anybody go bankrupt, and they still talk about the 1990s as "the lost decade." Now they're talking about this decade as the second lost decade. Japanese stock market today is 75% below where it was in 1990. That is not a typo. It is down 75% in 20 years. Can you imagine if the New York Stock Exchange, or if the DOW Jones to use a better example, were at 4000? I don't think people would be very happy. Well, that's the equivalent of the situation in Japan right now. It didn't work in Japan; it's not going to work in the US. It's going to lead to more problems. People say, "Oh, our poor grandchildren! Look at all this debt!" No, no, no, it's not our poor grandchildren; it's us! This is a current problem! This is a problem, even our parents, if they're still alive, forget our grandchildren; our parents are going to be suffering, and our grandparents if they're still alive! This is a current disaster for all of us
Gary Edwards

Doug Casey Answers The Hard Questions About Hard Times - Casey Research - 1 views

www.caseyresearch.com/editorial.php

capitalism Doug-Casey USA-bankruptcy Banksters

shared by Gary Edwards on 28 Sep 11 - No Cached
  • Gary Edwards on 28 Sep 11
     
    No Holds Bared Capitalism  .... Mr. Casey of Casey Research recommends that the USA immediately default on the national debt; bring home all military troops immediately and close oversees military bases;  Close the Federal Reserve!  Move to gold/silver backed currency.  Abolish praetorian federal agencies - immediately.  The rich are in position to bribe and elect toady politicians.  the socialist policies cement the poor and middle class to the bottom.  These programs are designed to keep them poor and dependent.  The middle class saves in dollars, and those savings are being systematically destroyed by the enormous debt of social, military and regulatory spending that is infused with corruption from top to bottom.   Financial advice to the middle class?  Get into GOLD and other hard assets.  Cut back standard of living before inflation and unsustainable government programs and promises cuts it back for you. Is Doug long on US equities and assets?  GOLD!  It's the dollar that is being destroyed.  Stocks are very expensive now.  Casey is thinking of buying USA real estate.  Not Bonds.  Even at $1800 per oz, Gold is still good.  Mining stocks are cheap relative to GOLD, but watch for bubble in these stocks.  Life changing moment: 1971 - Harry Brown's book "How to Profit from the coming Devaluation".  Buy GOLD.  "Crisis Investing" book by Casey in 1978.  Advice?  Skip college.  Minds cluttered with false concepts and a ton of debt.  
Gary Edwards

Jim Kunstler's 2014 Forecast - Burning Down The House | Zero Hedge - 0 views

www.zerohedge.com/...14-forecast-burning-down-house

Banksters

shared by Gary Edwards on 08 Jan 14 - No Cached
  • Gary Edwards on 08 Jan 14
     
    Incredible must read analysis. Take away: the world is going to go "medevil". It's the only way out of this mess. Since the zero hedge layout is so bad, i'm going to post as much of the article as Diigo will allow: Jim Kunstler's 2014 Forecast - Burning Down The House Submitted by Tyler Durden on 01/06/2014 19:36 -0500 Submitted by James H. Kunstler of Kunstler.com , Many of us in the Long Emergency crowd and like-minded brother-and-sisterhoods remain perplexed by the amazing stasis in our national life, despite the gathering tsunami of forces arrayed to rock our economy, our culture, and our politics. Nothing has yielded to these forces already in motion, so far. Nothing changes, nothing gives, yet. It's like being buried alive in Jell-O. It's embarrassing to appear so out-of-tune with the consensus, but we persevere like good soldiers in a just war. Paper and digital markets levitate, central banks pull out all the stops of their magical reality-tweaking machine to manipulate everything, accounting fraud pervades public and private enterprise, everything is mis-priced, all official statistics are lies of one kind or another, the regulating authorities sit on their hands, lost in raptures of online pornography (or dreams of future employment at Goldman Sachs), the news media sprinkles wishful-thinking propaganda about a mythical "recovery" and the "shale gas miracle" on a credulous public desperate to believe, the routine swindles of medicine get more cruel and blatant each month, a tiny cohort of financial vampire squids suck in all the nominal wealth of society, and everybody else is left whirling down the drain of posterity in a vortex of diminishing returns and scuttled expectations. Life in the USA is like living in a broken-down, cob-jobbed, vermin-infested house that needs to be gutted, disinfected, and rebuilt - with the hope that it might come out of the restoration process retaining the better qualities of our heritage.
sandy0988

Court convicts MCD EX-joint director for usurping plots meant for poor - 0 views

newsdoctrine.com/-usurping-plots-meant-for-poor

mcd delhi court joint director dda government

shared by sandy0988 on 08 Mar 17 - No Cached
  • sandy0988 on 08 Mar 17
     
    New Delhi: Delhi court on Monday convicted an ex-joint Director of MCD and three other for usurping the plots meant for poor to shift them in the resettlement colony. A total of 15 accused was made in the case that includes DDA, Delhi Government and MCD officers
Paul Merrell

Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened - Bloomberg - 0 views

www.bloomberg.com/...-as-rich-poor-gap-widened.html

economy election 2012 income gap

shared by Paul Merrell on 08 Oct 12 - No Cached
  • The earnings gap between rich and poor Americans was the widest in more than four decades in 2011, Census data show, surpassing income inequality previously reported in Uganda and Kazakhstan. The notion that each generation does better than the last -- one aspect of the American Dream -- has been challenged by evidence that average family incomes fell last decade for the first time since World War II.
Paul Merrell

A whirlwind day in D.C. showcases Trump's unorthodox views and shifting tone - The Wash... - 0 views

www.washingtonpost.com/...5-85a6-2132cf446d0a_story.html

Auction 2016 Trump NATO Asia military-bases

shared by Paul Merrell on 24 Mar 16 - No Cached
  • Donald Trump endorsed an unabashedly noninterventionist approach to world affairs Monday during a day-long tour of Washington, casting doubt on the need for the North Atlantic Treaty Organization and expressing skepticism about a muscular U.S. military presence in Asia. The foreign policy positions — outlined in a meeting with the editorial board of The Washington Post — came on a day when Trump set aside the guerrilla tactics and showman bravado that have powered his campaign to appear as a would-be presidential nominee, explaining his policies, accepting counsel and building bridges to Republican elites.
  • During the hour-long discussion, during which he revealed five of his foreign policy advisers, Trump advocated a light footprint in the world. In spite of unrest in the Middle East and elsewhere, he said, the United States must look inward and steer its resources toward rebuilding the nation’s crumbling infrastructure.
  • “At what point do you say, ‘Hey, we have to take care of ourselves?’ ” Trump said in the editorial board meeting. “I know the outer world exists, and I’ll be very cognizant of that. But at the same time, our country is disintegrating, large sections of it, especially the inner cities.” Trump said U.S. involvement in NATO may need to be significantly diminished in the coming years, breaking with nearly seven decades of consensus in Washington. “We certainly can’t afford to do this anymore,” he said, adding later, “NATO is costing us a fortune, and yes, we’re protecting Europe with NATO, but we’re spending a lot of money.”
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  • Trump praised George P. Shultz, who served as President Ronald Reagan’s secretary of state, as a model diplomat and, on the subject of Russia’s aggression in Ukraine, said America’s allies are “not doing anything.” “Ukraine is a country that affects us far less than it affects other countries in NATO, and yet we’re doing all of the lifting,” Trump said. “They’re not doing anything. And I say: ‘Why is it that Germany’s not dealing with NATO on Ukraine? . . . Why are we always the one that’s leading, potentially, the third world war with Russia?’ ” While the Obama administration has faced pressure from congressional critics who have advocated for a more active U.S. role in supporting Ukraine, the U.S. military has limited its assistance to nonlethal equipment such as vehicles and night-vision gear. European nations have taken the lead in crafting a fragile cease-fire designed to decrease hostility between Ukrainian forces and Russian-backed separatists.
  • Trump sounded a similar note in discussing the U.S. presence in the Pacific. He questioned the value of massive military investments in Asia and wondered aloud whether the United States still is capable of being an effective peacekeeping force there. “South Korea is very rich, great industrial country, and yet we’re not reimbursed fairly for what we do,” Trump said. “We’re constantly sending our ships, sending our planes, doing our war games — we’re reimbursed a fraction of what this is all costing.” Such talk is likely to trigger anxiety in South Korea, where a U.S. force of 28,000 has provided a strong deterrent to North Korean threats for decades. Asked whether the United States benefits from its involvement in Asia, Trump replied, “Personally, I don’t think so.” He added: “I think we were a very powerful, very wealthy country. And we’re a poor country now. We’re a debtor nation.”
  • Paul Merrell on 24 Mar 16
     
    "I think we were a very powerful, very wealthy country. And we're a poor country now. We're a debtor nation."
Paul Merrell

Obama Visits Jamaica, Urges Caribbean Nations to Break from PetroCaribe | venezuelanaly... - 0 views

venezuelanalysis.com/11322

war & peace economic-warfare U.S.-foreign-policy Venezuela PetroCaribe

shared by Paul Merrell on 09 Apr 15 - No Cached
  • US President Barack Obama arrived today in Jamaica as part of an ongoing effort to persuade the island and its neighbors to reduce dependency on Venezuela’s bilateral PetroCaribe program.As the first active US president to visit Jamaica in 33 years, the primary goal of Mr. Obama’s trip will be to develop, in coordination with the World Bank, an investment plan in the Caribbean’s energy sector. Vice-president Joe Biden has alleged that PetroCaribe, founded by Hugo Chavez in 2005, is being used as a “tool of coercion” against the region by the South American nation. For almost a decade, Venezuela has shipped fuel to 18 nations in the Caribbean and Central America with favorable terms for payment, such as low-interest loans, while investing in community projects including hospitals, schools, highways, and homeless shelters.
  • Last week, the Bolivarian government, through the Petrocaribe initiative, donated US$16 million to help the government of St. Kitts and Nevis provide for former sugar industry workers.In January, Biden gathered Caribbean heads of state in Washington as part of his Caribbean Energy Security Initiative, which he claims is seeking clean energy solutions for small island governments. However, the focus of the event was less about environmentalism and more about breaking away from Venezuelan trade.“Whether it’s the Ukraine or the Caribbean, no country should be able to use natural resources as a tool of coercion against any other country,” he told the leaders in attendance.Last month, US Secretary of State John Kerry warned of “strategic damage” on Venezuela’s part which could cause “a serious humanitarian crisis in our region.”
  • According to a Miami Herald report published on March 26th, Venezuela has halved subsidized shipments of crude oil to Cuba and other PetroCaribe member nations from 400,000 barrels per day in 2012, to 200,000 barrels per day.The article, which claimed to cite a Barclay’s Bank report, has since been refuted by the Venezuelan government. Venezuelan Foreign Affairs Minister Delcy Rodriguez insisted last week that the information was “not true,” and was being published in a concerted effort to discredit PetroCaribe.
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  • Maintaining that the organization remains “pretty strong” despite sliding oil prices and a contracting economy, Rodriguez said a “war” is being waged against the socialist program, because it “brings solutions to poor people.”
  • Paul Merrell on 09 Apr 15
     
    It seems the banksters are truly upset with Venezuela's leaders for failure to be in hock to the IMF and for spreading their natural resoices and wealth amongst the poor. 
Gary Edwards

Is Standard and Poor's Manipulating US Debt Rating to Escape Liability for the Mortgage... - 0 views

firedoglake.com/...bility-for-the-mortgage-crisis

S&P Phony-Credit-Ratings national-debt-Ceiling Banksters banksters

shared by Gary Edwards on 31 Jul 11 - No Cached
  • Gary Edwards on 31 Jul 11
     
    Half way decent expose of those criminals at the S&P credit rating and risk analysis sham.  These clowns should be in jail for what they did with mortgage securities!  One thing the article doesn't mention is that without the S&P triple A credit ratings on the fraudulent mortgage security instruments, main street America 401K, city, state and county investment funds, and the bulk of pension funds could not have been invested in those phony securities.  Forget the Bankster losses and the taxpayers $23 Trillion bailout of the Banksters.  Real Americans got wiped out because of those phony triple A ratings! Another point missed in this article is that Dodd-Frank is designed for massive extortion instead of massive imprisonment, fines and retribution for criminal actions.  The way it works is that the Bankster pony up a billion plus in campaign funds, and the elected criminals pass on the prosecution of criminal violations and reporting failures.  Easy money for the ruling class.  And who pays the S&P's of the world anyway?  Right, the Banksters! Conclusion: It's becoming more and more obvious that Standard and Poor's has a political agenda riding on the notion that the US is at risk of default on its debt based on some arbitrary limit to the debt-to-GDP ratio. There is no sound basis for that limit, or for S&P's insistence on at least a $4 trillion down payment on debt reduction, any more than there is for the crackpot notion that a non-crazy US can be forced to default on its debt. Whatever S&P's agenda, it has nothing to do with avoiding default risks or putting the US on sound fiscal footing. It appears to be intertwined with their attempts to absolve themselves from responsibility for their role in the 2008 financial crisis, and they are willing to manipulate not only the 2012 election but the world economy to escape the SEC's attempts to regulate them. It's time the media and Congress started asking Standard and Poors what their political a
Gary Edwards

Will you choose liberty, or just a new boss? - Tea Party Command Center - 0 views

teapartyorg.ning.com/...show

Matt-Kibbe Patriot Banksters

shared by Gary Edwards on 31 Jan 16 - No Cached
  • Let’s get our terms right first. “The establishment” is the network of special interests—politicians, crony capitalists, lobbyists and career bureaucrats—who feed at the public trough at the expense of the common good. Members of the establishment don’t like rocking the boat, because they have worked so hard to ensure that they are always the ones riding high and dry. “The establishment” is neither Democratic nor Republican, nor is it “liberal” or “conservative.” It’s not even “the rich” versus “the poor.” It is simply the cancer that can consume great nations when government gets too big, too involved, and too powerful.
  • Too much concentrated power in Washington always accrues to the benefit of the establishment, because they will always get to the table first.
  • Compromise is the currency, because that’s how everyone gets paid. Everyone wants something from someone. Everyone is looking for a play, wanting to cut a better deal.
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  • The real alternative to the tyranny of the D.C. establishment has always been more liberty, not a better, more benevolent despot. America’s genius comes from each of us, working together in voluntary cooperation to solve problems, from the bottom, up. We need a leader who gets it. Someone who respects our Constitution’s essential role in limiting power. Someone who wants to rein in intrusive government, and all of the inside dealers who feed off of it. A president can never give you liberty, but we should all insist on one who respects it.
  • Gary Edwards on 31 Jan 16
     
    "Socialist Bernie Sanders is beating Hillary Clinton over the head with his figurative Birkenstocks, and The Donald is plowing through the Republican presidential field like a giant, perfectly coiffed, Stay Puft Marshmallow Man. The establishment is freaking out, and it's about damn time. Their collective panic suggests that entrenched interests finally understand that their world is threatened; that the rules have changed, that insider power is waning, that we are onto their game. We now know what the establishment has been up to behind the cloistered marble walls of our government, and we are royally pissed. This is an opportunity of a lifetime, if we get it right. But you have to choose. Will you choose liberty, or just a new boss? Let's get our terms right first. "The establishment" is the network of special interests-politicians, crony capitalists, lobbyists and career bureaucrats-who feed at the public trough at the expense of the common good. Members of the establishment don't like rocking the boat, because they have worked so hard to ensure that they are always the ones riding high and dry. "The establishment" is neither Democratic nor Republican, nor is it "liberal" or "conservative." It's not even "the rich" versus "the poor." It is simply the cancer that can consume great nations when government gets too big, too involved, and too powerful. "Are you willing to hold your nose this time, cut the best deal you think you can, simply because you want to beat the establishment?" "The establishment" is the fortress of political inertia that makes it so difficult to reform Washington, or to stop "them" from spending money we don't have. They are just insiders with a seat at the table redirecting taxpayer resources to their benefit, and always resisting reformers and "outsiders" who might upset their apple cart."
Paul Merrell

Refugee camps are the "cities of tomorrow", says aid expert - 0 views

www.dezeen.com/...erview-humanitarian-aid-expert

war & peace refugee-camps cities humanitarian-crisis

shared by Paul Merrell on 04 Dec 15 - No Cached
  • Governments should stop thinking about refugee camps as temporary places, says Kilian Kleinschmidt, one of the world's leading authorities on humanitarian aid (+ interview). "These are the cities of tomorrow," said Kleinschmidt of Europe's rapidly expanding refugee camps. "The average stay today in a camp is 17 years. That's a generation." "In the Middle East, we were building camps: storage facilities for people. But the refugees were building a city," he told Dezeen.
  • Kleinschmidt said a lack of willingness to recognise that camps had become a permanent fixture around the world and a failure to provide proper infrastructure was leading to unnecessarily poor conditions and leaving residents vulnerable to "crooks". "I think we have reached the dead end almost where the humanitarian agencies cannot cope with the crisis," he said. "We're doing humanitarian aid as we did 70 years ago after the second world war. Nothing has changed."
  • He believes that migrants coming into Europe could help repopulate parts of Spain and Italy that have been abandoned as people gravitate increasingly towards major cities. "Many places in Europe are totally deserted because the people have moved to other places," he said. "You could put in a new population, set up opportunities to develop and trade and work. You could see them as special development zones which are actually used as a trigger for an otherwise impoverished neglected area."
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  • Refugees could also stimulate the economy in Germany, which has 600,000 job vacancies and requires tens of thousands of new apartments to house workers, he said. "Germany is very interesting, because it is actually seeing this as the beginning of a big economic boost," he explained. "Building 300,000 affordable apartments a year: the building industry is dreaming of this!" "It creates tons of jobs, even for those who are coming in now. Germany will come out of this crisis."
  • Kleinschmidt told Dezeen that aid organisations and governments needed to accept that new technologies like 3D printing could enable refugees and migrants to become more self-sufficient. "With a Fab Lab people could produce anything they need – a house, a car, a bicycle, generating their own energy, whatever," he said. His own attempts to set up a Zaatari Fab Lab – a workshop providing access to digital fabrication tools – have been met with opposition. "That whole concept that you can connect a poor person with something that belongs to the 21st century is very alien to even most aid agencies," he said. "Intelligence services and so on from government think 'my god, these are just refugees, so why should they be able to do 3D-printing? Why should they be working on robotics?' The idea is that if you're poor, it's all only about survival." "We have to get away from the concept that, because you have that status – migrant, refugee, martian, alien, whatever – you're not allowed to be like everybody else." Read the edited transcript from our interview with Kilian Kleinschmidt:
Gary Edwards

The Project To Restore America - 0 views

www.theprojecttorestoreamerica.com/...x-the-Banking-System-for-Good-

Banksters Federal-Reserve-Bankster-Cartel LPB Limited-Purpose-Banking

shared by Gary Edwards on 19 Nov 12 - No Cached
  • Gary Edwards on 19 Nov 12
     
    Yes, it's a confusing proposal - but not when compared to what we have now; a financial industry run by "To-Big-To-Fail Banks" able to loot the public treasury at will.  Never to Big to Bail, and taxpayers voted for four more years of looting.  Limited Purpose Banking is based on equity.  Which is quite different from the fractional-reserve-lending model used by the To-Big-Fail Banksters. "The history of banking is a long and sorry record of promises that can't be kept - promises that were either overly optimistic or outright fraudulent. Since banks are leveraged, failing to deliver on their promises leads them to collapse. But unlike standard bankruptcies, bank failures produce enormous economic fallout.   There's a reason. Banks not only market financial products. They also make financial markets. Markets, be they for apples or loans, constitute critical public goods whose provision should not be jeopardized.     Making a market -- getting buyers and sellers to meet at the same time and place always represents a feat of coordination. The main purpose of banks is to effect financial coordination - to bring together borrowers and lenders and investors and savers.     When banks fail, particularly large ones, this coordination breaks down. Moreover, bank failures can be contagious. Any given bank's failure raises the prospect that fraud or very poor judgment was at fault and that other banks are engaged in the same practice. This leads to runs on, actually away from, banks in general. In addition, since banks borrow and lend to one another, the failure of bank A can bring bank B down if A owes money to B.     Worst of all, financial collapse, even by a few major financial players can coordinate non-financial companies as well as households on the belief that times are bad. And when millions of separate firms and tens of millions of households start expecting bad times, they take actions to make bad times happen. Thus, the state of confidence, what Key
Gary Edwards

Professor Hoppe's new book: "The Competition of Crooks") | The God That Failed - 0 views

thegodthatfailed.org/...uner-the-competition-of-crooks

Hans-Hermann-Hoppe Libertarian Democracy

shared by Gary Edwards on 29 Dec 12 - No Cached
  • And perhaps then, finally, will come the realization that democracy – in whose name all these dirty tricks have been done – is nothing more than an especially insidious form of communism, and that the politicians who have wrought this immoral and economic madness and who have thereby enriched themselves personally (never, of course, being liable for the damages they have caused!), are nothing more than a despicable bunch of communist crooks.
  • democracy which is causally responsible for the fatal conditions afflicting us now
  • The number of productive people is constantly decreasing, and the number of people parasitically consuming the income and wealth of this dwindling number of productive people is increasing steadily. This can’t work in the long run.
  • ...20 more annotations...
  • That the whole democratic house of cards has not yet completely collapsed speaks volumes about the still tremendous creative power of capitalism, even in the face of ever-increasing governmental strangulation.
  • And this fact also allows us to conjecture about what economic ‘miracles’ would be possible if we had unimpeded capitalism liberated from such parasitism.
  • the correct realization becomes generally accepted that the only antagonistic conflict of interest in society is the one between tax-payers, i.e. the exploited, and tax-consumers, i.e. the exploiters.:
  • In other words, between the class of people on the one hand who earn their income and assets by producing something that is bought voluntarily and valued accordingly by others; and the class of those on the other hand who produce nothing considered to be of value, but who live instead by living off and enriching themselves from the incomes and assets of other, productive people, forcibly taken via taxation – that is to say all government employees and all recipients of government “welfare assistance”, subsidies and monopolistic privileges.
  • book’s thesis is that the government is a monopolist of ultimate justice and law enforcement and that every monopoly is always bad from the perspective of the consumer – in this case the citizen. Your alternative solution is a private law society.
  • The basic idea is quite simple. Abolish monopoly and encourage competition.
  • I can only go to a state court of law, staffed by judges who themselves are paid from taxes to enforce government regulations.
  • In this way, government-staged robbery, assault, manslaughter, murder, war is “legally” sanctioned.
  • In a private law society, if we had such a conflict, we would instead approach arbitrators who are independent of both parties, and who are competing with other arbitrators for voluntarily paying customers.
  • We would not use an inherently biased judge working for and paid directly by the state, who is therefore partisan, but rather a neutral third party, to adjudicate the normal human legal conflicts arising between existing and recognized property rights and private contract law.
  • the mediation market.
  • My income from my work is my property (not the state’s) and the restaurant is my property (not the state’s).
  • Therefore, any government-imposed tax upon me or use restrictions upon my property (such as a smoking ban) would therefore be judged unlawful, as robbery and expropriation.
  • the state is nothing but a “great band of robbers,” a mafia, only a much larger, more overwhelming and dangerous one.
  • the subject of class consciousness
  • “there’s absolutely no reason in any case why the state should have anything at all to do with the production of money.”
  • And every newly printed bill causes a redistribution of social wealth.
  • More paper money doesn’t make a society richer overall. It’s just more paper. But every new piece of printed paper reduces the purchasing power of all the other previously-existing paper bills
  • these machinations, taking place every day on an almost unimaginable scale, are nothing more than a gigantic case of fraudulent theft.
  • in a competitive environment, a better kind of money would be produced. Why? Because there’ll always be a demand for means of exchange.
  • Gary Edwards on 29 Dec 12
     
    Interview with Hoppe where he once again pushes libertarian thinking forward.  Hoppe puts most of the blame on "democracy" itself, caling it "an insidious form of communism".  Good stuff.  Highlighted parts. excerpt: "That the whole democratic house of cards has not yet completely collapsed speaks volumes about the still tremendous creative power of capitalism, even in the face of ever-increasing governmental strangulation. And this fact also allows us to conjecture about what economic 'miracles' would be possible if we had unimpeded capitalism liberated from such parasitism. If, and when, this insight finally bears fruit will depend upon the class consciousness of the population. There is a Marxist myth, eagerly promoted by the state, of an irreconcilable clash of interests between employers (capitalists) and employees (workers), or between the rich and the poor. As long as this myth prevails in public opinion, nothing at all will change and disaster is inevitable. A fundamental change can only occur if, instead of this, the correct realization becomes generally accepted that the only antagonistic conflict of interest in society is the one between tax-payers, i.e. the exploited, and tax-consumers, i.e. the exploiters.: In other words, between the class of people on the one hand who earn their income and assets by producing something that is bought voluntarily and valued accordingly by others; and the class of those on the other hand who produce nothing considered to be of value, but who live instead by living off and enriching themselves from the incomes and assets of other, productive people, forcibly taken via taxation - that is to say all government employees and all recipients of government "welfare assistance", subsidies and monopolistic privileges. Only when the producer class clearly recognises this, and publicly speaks out; when the producers are finally confident to take the moral high ground and reject the insolent admonitions from the po
Gary Edwards

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe - 0 views

theeconomiccollapseblog.com/...re-almost-too-crazy-to-believe

economic-collapse Obammunism Obamanomics

shared by Gary Edwards on 13 Jan 13 - No Cached
  • Gary Edwards on 13 Jan 13
     
    Thanks to Marbux we have this extraordinary collection of facts and figures describing the economic catastrophe that has hit the USA.  excerpt: "What a year 2012 has been!  The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just "tweaking" things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be "just fine", just show them these numbers.  They are a good summary of the problems that the U
Paul Merrell

Turkey and Syrian Kurdish forces 'should stop fighting' - News from Al Jazeera - 0 views

www.aljazeera.com/...-fighting-160830042324037.html

war & peace U.S.-foreign-policy Turkey Syria YPG Kurds

shared by Paul Merrell on 30 Aug 16 - No Cached
  • The US defence secretary has called on Turkey and Kurdish forces in northern Syria to stay focused on fighting the Islamic State of Iraq and the Levant (ISIL) group and not to target each other. Monday's statement by Ash Carter came after Turkish forces launched a two-pronged operation last week against ISIL, also known as ISIS, and Kurdish forces from the People's Protection Units (YPG) inside Syria.
  • "We have called upon Turkey ... to stay focused on the fight against ISIL and not to engage Syrian Defence Forces (SDF), and we have had a number of contacts over the last several days," Carter said. "We have called on both sides to not fight with one another, to continue to focus the fight on ISIL ... That is the basis of our cooperation with both of them - specifically not to engage." The SDF is a group of fighters formed to fight against ISIL and is led by the YPG.
  • The US-led coalition has been backing the YPG with training and equipment to fight ISIL, while at the same time the US has also supported Syrian opposition groups fighting with the Turks in northern Syria.
  • ...3 more annotations...
  • Turkey regards the YPG as an extension of the outlawed Kurdistan Worker's Party (PKK), which has been battling the Turkish military for more than 40 years.
  • Peter Cook, Pentagon press secretary, also condemned the clashes in northern Syria. "We want to make clear that we find these clashes unacceptable and they are a source of deep concern," Cook said on Monday, seconding Carter's call. "This is an already crowded battle space. Accordingly, we are calling on all armed actors to stand down immediately and take appropriate measures to de-conflict." In his remarks, Carter said: "The YPG elements of [the SDF] will withdraw, and is withdrawing, east of the Euphrates.
  • "That will naturally separate them from Turkish forces that are heading down in the Jarablus area." Turkish forces, backed by allied Syrian rebels, seized the town of Jarablus from ISIL last week, but also clashed with local fighters affiliated with the SDF. In an interview published on Monday in the Turkish daily Hurriyet, Hulusi Akar, Turkish chief of staff, was quoted as saying that Kurdish forces around Jarablus have been attacking Turkish soldiers there. "They have to withdraw to the east of Jarablus. Otherwise we will do what is necessary," he told Hurriyet. On Monday, Turkish-backed Syrian rebels said they were advancing towards Manbij in northern Syria, a city captured earlier this month by Kurdish forces.
  • Paul Merrell on 30 Aug 16
     
    Turkey invades Syria, with U.S. air support. But Turkey is targeting groups other than ISIS that the U.S. supports. What's a poor Empkre to do when a vassal state is insufficiently obedient?
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