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Paul Merrell

Afghan Opium Production 40 Times Higher Since US-NATO Invasion - 0 views

www.mintpressnews.com/...219974

war & peace opium-production Afghanistan ISIL Russia

shared by Paul Merrell on 01 Sep 16 - No Cached
  • Since the U.S.-led NATO invasion of Afghanistan in 2001, the production of opium in the country has increased by 40 times according to Russia’s Federal Drug Control Service, fueling organized crime and widespread death. The head of the FSKN, Viktor Ivanov, explained the staggering trend at a March U.N. conference on drugs in Afghanistan. Opium growth in Afghanistan increased 18 percent from 131, 000 hectares to 154, 000, according to Ivanov’s estimates. “Afghan heroin has killed more than one million people worldwide since the ‘Operation Enduring Freedom’ began and over a trillion dollars has been invested into transnational organized crime from drug sales,” said Ivanov according to Counter Current News.   Prior to the invasion of Afghanistan, opium production was banned by the Taliban, although it still managed to exist. The U.S. and its allies have been accused of encouraging and aiding in the opium production and the ongoing drug trafficking within the region. Ivanov claimed that only around 1 percent of the total opium yield in Afghanistan was destroyed and that the “international community has failed to curb heroin production in Afghanistan since the start of NATO’s operation.”
  • Afghanistan is thought to produce more than 90 percent of the world’s supply of opium, which is then used to make heroin and other dangerous drugs that are shipped in large quantities all over the world. Opium production provides many Afghan communities with an income, in an otherwise impoverished and war-torn country. The opium trade contributed around $US 2.3 billion or around 19 percent of Afghanistan’s GDP in 2009 according to the U.N.
  • The Islamic State Group is reported to have recently taken over opium production and trafficking. In November, the extremist group was estimated to be earning over $US 1 billion from the opium trade. Profits also go to international drug cartels and money-laundering banks.
  • Paul Merrell on 01 Sep 16
     
    Since early in the Viet Nam War, the U.S. Central Intelligence Agency has dominated the production and smuggling of opium. After the Viet Nam War, that operation was largely transferred from Southeast Asia's "Golden Triangle" to Afghanistan, with primary shipment initially through Pakistan. That production center was threatened when the Taliban came to power in Afghanistan in 1996, as the Taliban began shutting down the growing of opium poppies in that nation. So it was no surprise that Afghan production of opium skyrocketed after the U.S. invaded Afghanistan. Indeed, there are reasonable grounds for suspecting that al-Qaeda was blamed for the 9-11 attack precisely to justify invasion of Afghanistan to block the Taliban's interference with the CIA's production of opium. Opium, like cocaine production in South America, provides enormous amounts of off-the-books financing for CIA covert activities. For such reasons, there are strong reasons to suspect that ISIL would not be taking over opium production in Afghanistan without the CIA's acquiescence and participation. (For example, ISIL would need to use the CIA's shipment and marketing capabilities in Pakistan to bring their product to market. So I regard ISIL's rise in opium production as further evidence that the CIA and ISIL are joined at the hip, that ISIL is a CIA operation.
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.
Gary Edwards

The Ultimate Net Monitoring Tool: NARUS - 0 views

www.wired.com/...70914

NSA Domestic-Spying NARUS

shared by Gary Edwards on 06 Jun 13 - Cached
  • Gary Edwards on 06 Jun 13
     
    Chilling stuff.  Note that Mark Klien is an important whistleblower whose testimony has helped expose the  Federal Government - NSA domestic dragnet that has violated the constitutional rights of hundreds of thousands of law abiding American citizens.  The question I have concerns cooperation between NSA NARUS spying and the IRS. We know that the IRS used key words such as "TEA PARTY", "PATRIOT", "Constitution", and "Tenth Amendment" to target American citizens.  Does the NSA NARUS target Americans in the same way?  Are there political enemy lists with background surveillance information now circulating through different government agencies based on this targeted and illegal spying? The first thing we need to do is protect whistle blowers who are risking it all to protect the constitutional rights of American citizens and save our country.   "The equipment that technician Mark Klein learned was installed in the National Security Agency's "secret room" inside AT&T's San Francisco switching office isn't some sinister Big Brother box designed solely to help governments eavesdrop on citizens' internet communications. Rather, it's a powerful commercial network-analysis product with all sorts of valuable uses for network operators. It just happens to be capable of doing things that make it one of the best internet spy tools around. "Anything that comes through (an internet protocol network), we can record," says Steve Bannerman, marketing vice president of Narus, a Mountain View, California, company. "We can reconstruct all of their e-mails along with attachments, see what web pages they clicked on, we can reconstruct their (voice over internet protocol) calls."" Narus' product, the Semantic Traffic Analyzer, is a software application that runs on standard IBM or Dell servers using the Linux operating system. It's renowned within certain circles for its ability to inspect traffic in real time on high-bandwidth pipes, identifying packets of interest as they r
Gary Edwards

Office Productivity Software Is No Closer To Becoming A Commodity | Forrester Blogs - 0 views

blogs.forrester.com/...closer_to_becoming_a_commodity

Office-Productivity Cloud-Computing Cloud-Productivity-Platform Cloud-Compound-Document HTML5

shared by Gary Edwards on 19 Oct 13 - No Cached
  • We just published a report on the state of adoption of Office 2013 And Productivity Suite Alternatives based on a survey of 155 Forrester clients with responsibility for those investments. The sample does not fully represent the market, but lets us draw comparisons to the results of our previous survey in 2011. Some key takeaways from the data:   One in five firms uses email in the cloud. Another quarter plans to move at some point. More are using Office 365 (14%) than Google Apps (9%).  Just 22% of respondents are on Office 2013. Another 36% have plans to be on it. Office 2013's uptake will be slower than Office 2010 because fewer firms plan to combine the rollout of Office 2013 with Windows 8 as they combined Office 2010 with Windows 7. Alternatives to Microsoft Office show little traction. In 2011, 13% of respondents supported open source alternatives to Office. This year the number is just 5%. Google Docs has slightly higher adoption and is in use at 13% of companies. 
  • Microsoft continues to have a stranglehold on office productivity in the enterprise: Just 6% of companies in our survey give all or some employees an alternative instead of the installed version of Microsoft Office. Most surprising of all, multi-platform support is NOT a priority. Apps on iOS and Android devices were important to 16% of respondents, and support for non-Windows PCs was important to only 11%. For now, most technology decision-makers seem satisfied with leaving employees to self-provision office productivity apps on their smartphones and tablets if they really want them. 
  • Do you think we're getting closer to replacing Microsoft Office in the workplace?
  • Gary Edwards on 19 Oct 13
     
    Wow, OpenOffice (3%) and Libre Office (2%) are actually losing gound!  In 2011 they had a combined marketshare of 13%.  Google Docs has a 13% marketshare, but i suspect most of those document originate in legacy MSOffice!!!!!  Making Google Drive - Apps a front end for mobile access and back-end backup.  In the middle of this mess, productivity workers struggle with shredded formats and the confusion of highly interactive and data intensive / time-sensitive compound documents going static (pdf) or otherwise disconnected. Intro: "We (Forrester) just published a report on the state of adoption of Office 2013 And Productivity Suite Alternatives based on a survey of 155 Forrester clients with responsibility for those investments. The sample does not fully represent the market, but lets us draw comparisons to the results of our previous survey in 2011. Some key takeaways from the data:   One in five firms uses email in the cloud. Another quarter plans to move at some point. More are using Office 365 (14%) than Google Apps (9%).  Just 22% of respondents are on Office 2013. Another 36% have plans to be on it. Office 2013's uptake will be slower than Office 2010 because fewer firms plan to combine the rollout of Office 2013 with Windows 8 as they combined Office 2010 with Windows 7. Alternatives to Microsoft Office show little traction. In 2011, 13% of respondents supported open source alternatives to Office. This year the number is just 5%. Google Docs has slightly higher adoption and is in use at 13% of companies. "
Gary Edwards

The Golden Calf of Increased Tax Rates | RedState - 0 views

www.redstate.com/...en-calf-of-increased-tax-rates

Don-Bongino Taxes Tax-&-Spend Property-Seizure-AND-Redistribution-of-Wealth

shared by Gary Edwards on 19 Nov 12 - No Cached
  • Economics and a degree of common sense also tells us that we will always be more cautious in spending our money than a third party will be.
  • Milton Friedman used this brief explanation to drive home the point. There are four ways to spend money.
  • You can spend your money on yourself, and when you do both the cost of the product and the quality matters.
  • ...7 more annotations...
  • Finally, the most inefficient method to spend money of the four is other people, spending other people’s money, on other people. Cost doesn’t matter because it is not your money and quality doesn’t matter because it is not your product or service either.
  • Other people can spend other people’s money on themselves, in this case cost doesn’t matter, as it is not your money, but quality does as you are buying the product or service for yourself.
  • You can spend your money on someone else, in this case cost matters but quality is not as important.
  • In the final case, I just described to you government spending. And, to be clear, government spending is
  • taxation, while deficit spending is future taxation plus interest. It cannot be any other way.
  • Finally, we are frequently rhetorically assaulted by the “fair share” moralists on the left.
  • The paradoxical truth is that the tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now.
  • Gary Edwards on 19 Nov 12
     
    Good argument explaining the relationship between tax rates and tax receipts. excerpt: Economics and a degree of common sense also tells us that we will always be more cautious in spending our money than a third party will be. Milton Friedman used this brief explanation to drive home the point. There are four ways to spend money. You can spend your money on yourself, and when you do both the cost of the product and the quality matters. You can spend your money on someone else, in this case cost matters but quality is not as important. Other people can spend other people's money on themselves, in this case cost doesn't matter, as it is not your money, but quality does as you are buying the product or service for yourself. Finally, the most inefficient method to spend money of the four is other people, spending other people's money, on other people. Cost doesn't matter because it is not your money and quality doesn't matter because it is not your product or service either. In the final case, I just described to you government spending. And, to be clear, government spending is taxation, while deficit spending is future taxation plus interest. It cannot be any other way. Arguing that accumulating debt on your personal credit card is not going to require you to take money from your account in the future to pay the debt is foolish, therefore, why would you think that the national credit card would obey a different set of economic rules? Finally, we are frequently rhetorically assaulted by the "fair share" moralists on the left. ....................... This is an argument where they are correct on principle and completely devoid of substance regarding evidence...........
Gary Edwards

American Thinker: The Productive Class and the American Aristocracy - 1 views

www.americanthinker.com/...roductive_class_and_the_a.html

st-karnick ruling-class Angelo-Codevilla obammunism

shared by Gary Edwards on 25 Jul 10 - Cached
  • the ruling class and the country party.
  • In his excellent American Spectator article on "America's Ruling Class and the Perils of Revolution," Angelo Codevilla calls these two antagonistic and irreconcilable groups
  • the progressive aristocracy and the productive class.
  • ...5 more annotations...
  • they are more than just political movements and are in fact separate cultures.
  • The culture of the progressive aristocracy is devoted to statism, whereas the productive class tends to hold classical liberal values.
  • the American leaders of the past, who came from truly diverse backgrounds and held a variety of beliefs while accepting the nation's founding values.
  • progressive aristocracy is based on commitment to a set of ideas. Foremost among these is hostility toward Christianity
  • Accountability and personal responsibility -- the sine qua non of liberty and of the American experiment -- are kryptonite to the ruling class.
  • Gary Edwards on 25 Jul 10
     
    As the hostilities between the current government and the Tea Party movement have become increasingly rancorous, the division of American society into two cultures holding thoroughly incompatible worldviews has become obvious. In fact, the two forces are clearly on an unavoidable collision course. Although many people may understandably be most interested in knowing which side will prevail, I think an equally important and troubling question is precisely by what means the matter will be resolved. Will reason prevail and the people in power either have their agenda confirmed or step aside gracefully? Or will there be intransigence, increasing conflict, and even violence? I do not believe that the answer to that question is by any means obvious. In his excellent American Spectator article on "America's Ruling Class and the Perils of Revolution," Angelo Codevilla calls these two antagonistic and irreconcilable groups the ruling class and the country party. Although I agree with Codevilla's outline of the two groups, I prefer to characterize them as the progressive aristocracy and the productive class. In fact, I think that it's vitally important for those in the productive class to understand that what Codevilla calls the ruling party is an aristocracy, albeit a corrupt one. Differences in nomenclature notwithstanding, Codevilla's article is particularly useful in its lengthy descriptions of the two parties to the conflict, for they are more than just political movements and are in fact separate cultures. The culture of the progressive aristocracy is devoted to statism, whereas the productive class tends to hold classical liberal values.
Paul Merrell

EU issues guidelines on labelling products from Israeli settlements | World news | The ... - 0 views

www.theguardian.com/...ducts-from-israeli-settlements

war & peace Israel settlements products labeling EU

shared by Paul Merrell on 11 Nov 15 - No Cached
  • The European Union has issued new guidelines for the labelling of products from illegal Israeli settlements in the occupied Palestinian territories, after years of deliberation and in the teeth of fierce Israeli opposition. Binyamin Netanyahu, the Israeli prime minister, made a personal appeal to a number of key European figures in the runup to the decision, in which he said the plan was discriminatory, indicative of double standards, and would embolden those who seek to “eliminate” Israel. The measures will primarily cover fruit and vegetables and should affect less than 1% of all trade from Israel to the EU, which is worth about €30bn. EU officials said existing measures for produce brought into Britain have had no negative economic effect.
  • On some products, like fruit and vegetables, the labelling referring to settlements will be mandatory, while on others it will be voluntary. Israel sees the move as a political stigma that rewards Palestinian violence and will push consumers away. It immediately summoned the EU ambassador to Israel, Lars Faaborg-Andersen, in protest. The Israeli foreign ministry said the EU has chosen “for political motives, to take an unusual and discriminatory step” at a time when Israel is facing a wave of terror. In a statement, the ministry said it was “surprised and even angered by the fact that the EU chooses to implement a double standard against Israel, while ignoring 200 territorial disputes taking place today around the world, including within [the EU] or right on [Israel’s] doorstep”. The EU’s claim that the decision was a “technical step” was baseless and cynical, the statement added.
  • Despite insisting in public that the new guidelines provide clarity to consumers, European diplomats have privately made it clear the move is designed to put pressure on Israel over its continued settlement building in the occupied territories and the absence of a peace dialogue; a sharp rise in violence between Israelis and Palestinians has claimed 90 lives in the last month. Announcing the new guidelines, a European commission official said it had “adopted this morning the Interpretative Notice on indication of origin of goods from the territories occupied by Israel since June 1967”. Although the new guidelines are expected to have little real economic impact, they do carry a political significance for Israel, not least because of the widespread agreement among European governments over their implementation. The decision to push ahead with issuing the guidelines also marks the second major defeat in a year for Netanyahu on an international stage, following his defeat over the Iran nuclear accord, amid mounting evidence of Israel’s growing international isolation.
  • ...2 more annotations...
  • Senior European officials insist that European consumers are entitled to know the source of goods previously labelled as Israeli. Israeli politicians – including Netanyahu – have made comparisons between labelling and the Nazi era, with some suggesting the move is immoral and antisemitic.
  • On Tuesday, a letter leaked to the Guardian showed that Netanyahu had written or spoken to a number of senior European figures, including European parliament president Martin Schulz, asking for their help to block the move. In a letter to Schulz, the Israeli prime minister said the move was politicised, adding that it could “lead to an actual boycott [of Israel], emboldening those who are not interested in Israeli-Palestinian peace but eliminating Israel altogether”. Since 2003, the EU has placed a numerical code on Israeli imports to allow customs to distinguish between products made within the Green Line and those that are produced beyond it. The UK adopted labelling guidelines for settlement products three years ago.
  • Paul Merrell on 11 Nov 15
     
    Too mild. Under international law, the EU should do a total ban on importing all products from the Occupied Territories. 
Gary Edwards

The Fourth Industrial Revolution: what it means and how to respond - Agenda - The World... - 0 views

agenda.weforum.org/...at-it-means-and-how-to-respond

shared by Gary Edwards on 26 Dec 15 - No Cached
  • The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
  • Like the revolutions that preceded it, the Fourth Industrial Revolution has the potential to raise global income levels and improve the quality of life for populations around the world. To date, those who have gained the most from it have been consumers able to afford and access the digital world; technology has made possible new products and services that increase the efficiency and pleasure of our personal lives. Ordering a cab, booking a flight, buying a product, making a payment, listening to music, watching a film, or playing a game—any of these can now be done remotely.
  • In the future, technological innovation will also lead to a supply-side miracle, with long-term gains in efficiency and productivity. Transportation and communication costs will drop, logistics and global supply chains will become more effective, and the cost of trade will diminish, all of which will open new markets and drive economic growth.
  • ...16 more annotations...
  • As automation substitutes for labor across the entire economy, the net displacement of workers by machines might exacerbate the gap between returns to capital and returns to labor. On the other hand, it is also possible that the displacement of workers by technology will, in aggregate, result in a net increase in safe and rewarding jobs.
  • I am convinced of one thing—that in the future, talent, more than capital, will represent the critical factor of production.
  • This will give rise to a job market increasingly segregated into “low-skill/low-pay” and “high-skill/high-pay” segments, which in turn will lead to an increase in social tensions.
  • In addition to being a key economic concern, inequality represents the greatest societal concern associated with the Fourth Industrial Revolution.
  • The largest beneficiaries of innovation tend to be the providers of intellectual and physical capital—the innovators, shareholders, and investors—which explains the rising gap in wealth between those dependent on capital versus labor.
  • Technology is therefore one of the main reasons why incomes have stagnated, or even decreased, for a majority of the population in high-income countries: the demand for highly skilled workers has increased while the demand for workers with less education and lower skills has decreased. The result is a job market with a strong demand at the high and low ends, but a hollowing out of the middle.
  • A winner-takes-all economy that offers only limited access to the middle class is a recipe for democratic malaise and dereliction.
  • An underlying theme in my conversations with global CEOs and senior business executives is that the acceleration of innovation and the velocity of disruption are hard to comprehend or anticipate and that these drivers constitute a source of constant surprise, even for the best connected and most well informed. Indeed, across all industries, there is clear evidence that the technologies that underpin the Fourth Industrial Revolution are having a major impact on businesses.
  • On the supply side, many industries are seeing the introduction of new technologies that create entirely new ways of serving existing needs and significantly disrupt existing industry value chains. Disruption is also flowing from agile, innovative competitors who, thanks to access to global digital platforms for research, development, marketing, sales, and distribution, can oust well-established incumbents faster than ever by improving the quality, speed, or price at which value is delivered.
  • Major shifts on the demand side are also occurring, as growing transparency, consumer engagement, and new patterns of consumer behavior (increasingly built upon access to mobile networks and data) force companies to adapt the way they design, market, and deliver products and services.
  • A key trend is the development of technology-enabled platforms that combine both demand and supply to disrupt existing industry structures, such as those we see within the “sharing” or “on demand” economy. These technology platforms, rendered easy to use by the smartphone, convene people, assets, and data—thus creating entirely new ways of consuming goods and services in the process. In addition, they lower the barriers for businesses and individuals to create wealth, altering the personal and professional environments of workers. These new platform businesses are rapidly multiplying into many new services, ranging from laundry to shopping, from chores to parking, from massages to travel.
  • On the whole, there are four main effects that the Fourth Industrial Revolution has on business—on customer expectations, on product enhancement, on collaborative innovation, and on organizational forms.
  • Overall, the inexorable shift from simple digitization (the Third Industrial Revolution) to innovation based on combinations of technologies (the Fourth Industrial Revolution) is forcing companies to reexamine the way they do business. The bottom line, however, is the same: business leaders and senior executives need to understand their changing environment, challenge the assumptions of their operating teams, and relentlessly and continuously innovate.
  • governments will increasingly face pressure to change their current approach to public engagement and policymaking, as their central role of conducting policy diminishes owing to new sources of competition and the redistribution and decentralization of power that new technologies make possible.
  • Ultimately, the ability of government systems and public authorities to adapt will determine their survival. If they prove capable of embracing a world of disruptive change, subjecting their structures to the levels of transparency and efficiency that will enable them to maintain their competitive edge, they will endure. If they cannot evolve, they will face increasing trouble.
  • In the end, it all comes down to people and values. We need to shape a future that works for all of us by putting people first and empowering them. In its most pessimistic, dehumanized form, the Fourth Industrial Revolution may indeed have the potential to “robotize” humanity and thus to deprive us of our heart and soul. But as a complement to the best parts of human nature—creativity, empathy, stewardship—it can also lift humanity into a new collective and moral consciousness based on a shared sense of destiny. It is incumbent on us all to make sure the latter prevails.
Gary Edwards

The Real Reason for the Iraq War | VICE United Kingdom - 1 views

www.vice.com/...asnt-waged-for-oil-greg-palast

Oil Iraq neocons Saudi Banksters Oilsters

shared by Gary Edwards on 29 Mar 13 - No Cached
  • Like most lefty journalists, I assumed that George Bush and Tony Blair invaded Iraq to buy up its oil fields, cheap and at gun-point, and cart off the oil. We thought we knew the neo-cons true casus belli: Blood for oil. But the truth in the Options for Iraqi Oil Industry was worse than "Blood for Oil". Much, much worse.
  • Within days, our chief of investigations, Ms Badpenny, delivered to my shack in the woods outside New York a 323-page, three-volume programme for Iraq's oil crafted by George Bush's State Department and petroleum insiders meeting secretly in Houston, Texas. I cracked open the pile of paper – and I was blown away.
  • I'd already had in my hands a 101-page document, another State Department secret scheme, first uncovered by Wall Street Journal reporter Neil King, that called for the privatisation, the complete sell-off of every single government-owned asset and industry. And in case anyone missed the point, the sales would include every derrick, pipe and barrel of oil, or, as the document put it, "especially the oil". That plan was created by a gaggle of corporate lobbyists and neo-cons working for the Heritage Foundation. In 2004, the plan's authenticity was confirmed by Washington power player Grover Norquist. (It's hard to erase the ill memory of Grover excitedly waving around his soft little hands as he boasted about turning Iraq into a free-market Disneyland, recreating Chile in Mesopotamia, complete with the Pinochet-style dictatorship necessary to lock up the assets – while behind Norquist, Richard Nixon snarled at me from a gargantuan portrait.) The neo-con idea was to break up and sell off Iraq's oil fields, ramp up production, flood the world oil market – and thereby smash OPEC and with it, the political dominance of Saudi Arabia.
  • ...6 more annotations...
  • General Jay Garner also confirmed the plan to grab the oil. Indeed, Secretary of Defense Donald Rumsfeld fired Garner, when the General, who had lived in Iraq, complained the neo-con grab would set off a civil war. It did. Nevertheless, Rumsfeld replaced Garner with a new American viceroy, Paul Bremer, a partner in Henry Kissinger's firm, to complete the corporate takeover of Iraq's assets – "especially the oil".
  • But that was not to be. While Bremer oversaw the wall-to-wall transfer of Iraqi industries to foreign corporations, he was stopped cold at the edge of the oil fields. How? I knew there was only one man who could swat away the entire neo-con army: James Baker, former Secretary of State, Bush family consiglieri and most important, counsel to Exxon-Mobil Corporation and the House of Saud.
  • There was no way in hell that Baker's clients, from Exxon to Abdullah, were going to let a gaggle of neo-con freaks smash up Iraq's oil industry, break OPEC production quotas, flood the market with six million bbd of Iraqi oil and thereby knock the price of oil back down to $13 a barrel where it was in 1998.
  • Big Oil could not allow Iraq's oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel's quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq's oil fields. That's right: The oil companies didn't want to own the oil fields – and they sure as hell didn't want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq. Saddam wasn't trying to stop the flow of oil – he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq's sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas. The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq's oil. He told Bremer, "There will be no privatisation of oil – END OF STATEMENT." Carroll then passed off control of Iraq's oil to Bob McKee of Halliburton, Cheney's old oil-services company, who implemented the Baker "enhance OPEC" option anchored in state ownership.
  • This week, VICE readers can download, for free, Greg Palast's investigation of the war in Iraq in the BBC film, Bush Family Fortunes, at www.GregPalast.com – as well as the illustrated poster of "The Secret History of War over Oil in Iraq" from Palast's international bestseller, Armed Madhouse, also at www.GregPalast.com
  • Some oil could be released, mainly to China, through limited, but lucrative, "production sharing agreements". And that's how George Bush won the war in Iraq. The invasion was not about "blood for oil", but something far more sinister: blood for no oil. War to keep supply tight and send prices skyward. Oil men, whether James Baker or George Bush or Dick Cheney, are not in the business of producing oil. They are in the business of producing profits. And they've succeeded. Iraq, capable of producing six to 12 million barrels of oil a day, still exports well under its old OPEC quota of three million barrels. The result: As we mark the tenth anniversary of the invasion this month, we also mark the fifth year of crude at $100 a barrel. As George Bush could proudly say to James Baker: Mission Accomplished!
  • Paul Merrell on 29 Mar 13
     
    The Sherman Act forbids conspiracies in restraint of trade and is at its zenith in price-fixing cases. This looks to be the mother of all price-fixing cases, to say the least.   
  • Gary Edwards on 30 Mar 13
     
    Wow, Marbux has it right.  This report from the legendary Greg Palast of the BBC News Network is a stunning reversal of what everyone believed to be the truth.  To wit, the militarist and global strategist - resource control hungry neocon contingent of the Repubican party was always thought to be behind the Iraqi war.  For control of cheap, plentiful oil and, the protection / destruction of Israel's enemies.   Funny, but it turns out America was fighting for higher oil prices and limited supplies.  Just as in the first Gulf War, Americans were fighting to protect Saudi and big oil profits. excerpt: Big Oil could not allow Iraq's oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel's quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq's oil fields. That's right: The oil companies didn't want to own the oil fields - and they sure as hell didn't want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq. Saddam wasn't trying to stop the flow of oil - he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq's sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas. The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq's oil. He told Bremer, "There will be no privatisation of oil - END OF STATEMENT." Carroll then passed off control
Gary Edwards

Startup turns carbon dioxide into fuels - 0 views

phys.org/...rtup-carbon-dioxide-fuels.html

syngas synfuels energy Clean-Energy carbon dioxide

shared by Gary Edwards on 23 Feb 14 - No Cached
  • The research has received funding from the Air Force Office of Scientific Research (AFSOR), the National Science Foundation and the Department of Energy (DOE). The collaboration between Liquid Light and the University was supported by the DOE Small Business Innovation Research program and the AFOSR Small Business Technology Transfer program. Princeton's agreement with Liquid Light allowed the company to continue to collaborate with Bocarsly and his research team. Before long, new discoveries were emerging. "They started noticing interesting chemistry that we wouldn't have predicted," said Bocarsly.
  • The Princeton scientists did some additional studies, and made a surprising discovery: They could turn CO2, which contains only one carbon, into a compound with a carbon-carbon bond, which vastly increases the possibilities for creating commercial applications. This was radical because although the reaction is certainly possible, it is highly unlikely to happen because so many other competing reactions are occurring. "Everyone who electrochemically reduces CO2 today makes compounds with only one carbon," said Bocarsly. "Nobody makes things with carbon-carbon bonds." He paused. "But we can." "That was a very 'wow' moment," recalled Cole, "because we thought that our process could only make methanol. But now we were finding that we could make a variety of products, and that is what makes this technology commercially interesting." She said Liquid Light scientists can now make more than 20 different products from CO2.
  • One of the chemicals Liquid Light can make is isopropanol, commonly known as rubbing alcohol and an important industrial chemical. Another is butanol, which could be commercially important as a fuel. Liquid Light's technology offers the potential to make these chemicals at lower cost than today's methods, which involve starting with fossil fuels such as petroleum and natural gas.
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  • Why does pyridinium work so well as a catalyst for the reaction? Based on its structure, the ring-shaped molecule is an unlikely catalyst for this reaction because it shuttles just one electron at a time. But to convert CO2 to methanol requires six electrons, and to make higher-carbon molecules takes even more electrons. Bocarsly and his team — in collaboration with Steven Bernasek, professor of chemistry — are doing studies to understand the steps in the chemical reaction, and they are making rapid progress. "There are clearly some intermediate products formed during the reaction that do not sit around for a long time and are not there in very high concentrations," said Bocarsly.
  • The Princeton team also is studying the factors that determine which products can be made from CO2. The researchers have found that very subtle changes in the electrode surface can lead to production of different chemicals. For example, CO2 plus a pyridinium catalyst and a platinum electrode make methanol. However, the same catalyst and a different electrode give a different product. The team published its findings on how the reaction is affected by catalyst concentration, temperature and pressure in the journal ChemSusChem last year.
  • Citing government statistics that the United States generates about 5.5 billion metric tons of CO2 per year, Teamey said it will not be hard to obtain the starting materials for this new industry. However, the CO2 needs to be relatively pure, a requirement that rules out gasoline tailpipes and coal-fired power plants. Instead, said Teamey, the CO2 could come from manufacturing facilities, such as fertilizer manufacturers and cement plants, which according to Teamey emit some 100 million tons of high-purity CO2 each year.
  • Gary Edwards on 23 Feb 14
     
    "Today, carbon dioxide (CO2) is a hot topic. Scientists around the globe are searching for ways to store, dispose of, or prevent the formation of the greenhouse gas, which is a major driver of global climate change. Liquid Light hopes to take this concept one step further and harness waste CO2 as a source of carbon to make industrial chemicals and fuels. The technology behind the process is simple: Take CO2 and mix it in a water-filled chamber with an electrode and a catalyst. The ensuing chemical reaction converts CO2 into a new molecule, methanol, which can be used as a fuel, an industrial solvent or a starting material for the manufacture of other chemicals. Liquid Light's founders include Bocarsly and his former graduate student Emily Cole, who earned her Ph.D. from Princeton in 2009. Cole helped revive efforts in Bocarsly's lab to study the conversion of CO2 into usable fuels, which led to the launch of Liquid Light and an ongoing collaboration that Bocarsly said has been extremely positive for his research team at the University. "We've made some discoveries that wouldn't have been made in a university setting, and this has really accelerated the research," Bocarsly said. "It is a very productive relationship." Back in the 1990s, a former Ph.D. student of Bocarsly's named Chao Lin conducted some of the earliest experiments on turning CO2 into methanol. He used palladium metal as the electrode and pyridinium, an inexpensive ring-shaped molecule, as the catalyst. By plugging the electrode into an electrical outlet, he could drive an electrochemical reaction that converted CO2 into methanol. As Bocarsly recalled, Lin was quite excited about his success. However, said Bocarsly, "We published that finding in 1994 and there was approximately zero interest in it." The work languished until 2005 when Cole, then a new graduate student, told Bocarsly she wanted to work on a clean-energy project. She took up the challenge of reproducing Lin's results, but this time
Paul Merrell

Glenn Greenwald: The NSA Can "Literally Watch Every Keystroke You Make" - 0 views

www.informationclearinghouse.info/article37255.htm

surveillance state NSA NSA-backdoors China

shared by Paul Merrell on 31 Dec 13 - No Cached
  • On Sunday, the German publication Der Spiegel revealed new details about secretive hacking—a secretive hacking unit inside the NSA called the Office of Tailored Access Operations, or TAO. The unit was created in 1997 to hack into global communications traffic. Still with us, Jameel Jaffer, deputy legal director of the ACLU, director of the ACLU’s Center for Democracy, and Glenn Greenwald, the journalist who first broke the story about Edward Snowden. Glenn, can you just talk about the revelations in Der Spiegel?
  • And one of the ways that they’re doing it is that they intercept products in transit, such as if you order a laptop or other forms of Internet routers or servers and the like, they intercept it in transit, open the box, implant the malware, factory-seal it and then send it back to the user. They also exploit weaknesses in Google and YouTube and Yahoo and other services, as well, in order to implant these devices. It’s unclear to what extent, if at all, the companies even know about it, let alone cooperate in it. But what is clear is that they’ve been able to compromise the physical machines themselves, so that it makes no difference what precautions you take in terms of safeguarding the sanctity of your online activity.
  • But we’ve actually been working, ourselves, on certain stories that should be published soon regarding similar interdiction efforts. And one of the things that I think is so amazing about this, Amy, is that the U.S. government has spent the last three or four years shrilly, vehemently warning the world that Chinese technology companies are unsafe to purchase products from, because they claim the Chinese government interdicts these products and installs surveillance, backdoors and other forms of malware onto the machinery so that when you get them, immediately your privacy is compromised. And they’ve actually driven Chinese firms out of the U.S. market and elsewhere with these kinds of accusations. Congress has convened committees to issue reports making these kind of accusations about Chinese companies. And yet, at the same time, the NSA is doing exactly that which they accuse these Chinese companies of doing. And there’s a real question, which is: Are these warnings designed to steer people away from purchasing Chinese products into the arms of the American industry so that the NSA’s ability to implant these devices becomes even greater, since now everybody is buying American products out of fear that they can no longer buy Chinese products because this will happen to them?
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  • And the final thing I want to say is, you know, all this talk about amnesty for Edward Snowden, and it’s so important that the rule of law be applied to him, it’s really quite amazing. Here’s Michael Hayden. He oversaw the illegal warrantless eavesdropping program implemented under the Bush administration. He oversaw torture and rendition as the head of the CIA. James Clapper lied to the face of Congress. These are felonies at least as bad, and I would say much worse, than anything Edward Snowden is accused of doing, and yet they’re not prosecuted. They’re free to appear on television programs. The United States government in Washington constantly gives amnesty to its highest officials, even when they commit the most egregious crimes. And yet the idea of amnesty for a whistleblower is considered radical and extreme. And that’s why a hardened felon like Michael Hayden is free to walk around on the street and is treated on American media outlets as though he’s some learned, wisdom-drenched elder statesman, rather than what he is, which is a chronic criminal.
  • Paul Merrell on 31 Dec 13
     
    Greenwald asks a very good question about the U.S. government accusing the Chinese government of cyber-espionage and the government's finding that Chinese-manufactured ware pose a security risk. Was that intended to drive people to purchase hardware that comes equipped with NSA backdoors? The flip side, of course, is whether the world should be beating feet to purchase their hardware from the Chinese in order to escape the NSA backdoors. Then there is the question of how those backdoors might have made their way into the hardware devices without the acquiescence of their manufacturers, who surely would have realized that their businesses might take enormous financial hits if knowledge of the backdoors became public? Bribing key staff? The manufacturers named in the Der Spiegel article surely are going to face some hard questions and they may face some very unhappy shareholders if their stock prices take a dive. It would be fun to see a shareholder's derivative class action against one of these companies for having acquiesced to NSA implantation of backdoors, leading to the disclosure and the fall in stock price. Caption the case as Wall Street, Inc. v. National Security Agency, dba Seagate Technology, PLC, then watch the feathers and blood fly.  "Seagate is the company the world trusts to store our lives - our files and photos, our libraries and histories, our science and progress."   Yes, and your stockholders trusted you not to endanger their investment by adding NSA backdoors in your products.
Paul Merrell

EU to Label Products Made in Illegal Settlements - International Middle East Media Center - 0 views

www.imemc.org/71927

war & peace EU Israel BSD labeling settlements

shared by Paul Merrell on 14 Jun 15 - No Cached
  • The European Union (EU) will soon begin to mark the products of Israeli settlements, according to the Associated Press.
  • According to Al Ray, the EU had frozen its decision to put marks on settlements products under the pressure of the United States, in 2013, but this move was restored again and approved by 13 European countries. The report added that 16 foreign ministers of EU demanded in less than two months, to go forward with procedures to mark settlement products in European marketing networks. The foreign ministers assured that the continued expansion of illegal settlements in the occupied Palestinian territories, and in other areas occupied by "Israel" in 1967, threatens the chances of reaching a final and fair peace deal. European diplomats said that "after the Israeli elections, and in the light of Prime Minister Benjamin Netanyahu's latest statements against two-state solution, it was decided to renew the initiative of marking the Israeli products ." The Belgian Foreign Minister, Dedea Rendr, is the initiator of the draft letter, according to the diplomats.
  • In 2014, Belgium published instructions obliging the marketing networks to mark the agricultural products of settlements in the occupied West Bank, the Golan Heights and East Jerusalem. To be noted, German Foreign Minister Frank-Walter Steinmeier is the only one of the five major foreign ministers of European countries who did not sign the letter.
  • Paul Merrell on 14 Jun 15
     
    See also http://nsnbc.me/2015/06/14/eu-to-label-products-made-in-illegal-settlements/ This has set off some fireworks on Capitol Hill.
Paul Merrell

Victory! World's Largest Nation Bans GMO Food Crops | New Eastern Outlook - 0 views

m.journal-neo.org/...est-nation-bans-gmo-food-crops

GMOs economic-warfare Russia homesteads

shared by Paul Merrell on 09 Oct 15 - No Cached
  • Victories are to be celebrated and for the future of healthy life on our planet we all can celebrate a beautiful victory. The world’s largest nation, the Russian Federation, whose landmass spans Eurasia from the Baltic and Ukraine on the west to Vladivostock and the Pacific on her east, has formally declared all commercial planting of Genetically Modified Organisms, GMOs, to be prohibited. The issue has been subject of a heated debate for some months inside Russia. In February 2014, just days prior to the US-orchestrated coup d’etat in Ukraine, Russian Prime Minister Dmitry Medvedev created a national research project to obtain scientific information so the Government and Duma might make a decision on GMOs in Russia. Now a definitive decision has been made, and it goes against Monsanto and the US-led GMO cartel. We can say Russia’s crisis has concentrated minds on the essentials of life.
  • Russian Deputy Prime Minister Arkady Dorkovich told an international biotechnology conference in Kirov September 18, “As far as genetically-modified organisms are concerned, we have made the decision not to use any GMO in food productions.” Last year the Duma or parliament voted to make tough GMO labeling laws as a first step to the new ban in order to inform consumers of presence of GMO in various foods they buy. That was before US and EU sanctions led to Russian counter-sanctions against EU imports of agriculture products. In August 2014, the Russian government announced its bans on import from the EU and several other countries of meat, fish, dairy products, fruit and vegetables as a response to the sanctions. It produced surprising results. Since the imposition of tough Russian food import bans, Russian agriculture has undergone a spectacular rebirth.
  • This July, taking a page out of American history, the Russian government announced it was drafting a Russian “Homestead Act.” The Russian government is finalizing a bill which will give an opportunity to every Russian citizen to obtain one hectare of land, or a maximum of five hectares for a family of five, in the Russian Far East for free. They can use the land to farm, to do forestry or simply build a home and live, so long as they use the land for the first five years. After, they own the land free if the plot has been used for activities not banned by Russian laws, reported TASS. In the case of non-use the land will be confiscated and revert back to the government. Foreigners will have no right to get the free land. The new land law, if passed in the Duma, will take effect in January, 2016.
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  • Food production in Russia’s under-populated far-east region is also set to boom. On September 3 in Vladivostok at the first Eastern Economic Forum, Russia’s Agriculture Ministry announced the creation of a new $10 billion agriculture development fund together with China. A number of financial institutions, including Russia’s state-owned Sberbank, will participate in its operations. The aim of the fund is to stimulate the production of 10 million tons of grain and agricultural products annually, beginning 2020.
  • A recent poll suggests there is significant interest in the offer, with some 30 million mostly young Russians ready to “go east.” Following the economic devastation of Russia during the Yeltsin era of the 1990s, eastern regions suffered economic collapse and significant depopulation as people migrated to cities to survive. Into this broader context of recent developments, the definitive government ban on growing GMO crops in the Russian Federation adds a major new attraction. Russia stands to become one of the world’s most desired producers of natural, organic non-GMO-contaminated food for the world. Today, the once-great American agriculture has been de-humanized, industrialized, by giant agribusiness concerns, and contaminated by Monsanto and GMO plants along with its deadly herbicides containing toxic glyphosate. More than 80% of all US corn is GMO and almost 100% of USA soybeans. This is no small matter. Exports of GMO soybeans and corn are allowed unlabeled, by loopholes, into the European Union as well as into China. That means that most of the meat and even farmed fish that European and Chinese consumers eat contains indirect GMO crops and toxins. In light of all this it might make sense to treat Russia a little more politely in the future if we want to eat healthy food. They are doing what we should be doing, but don’t. Why?
  • Paul Merrell on 09 Oct 15
     
    5 hectares == 12.35 acres. Times 30 million Russians == 370.5 million acres less space for a home and a driveway. That's a lot of new agricultural production.  Bear in mind that Russia imported most of its food from Europe before the Ukraine sanctions. This article is about the evaporation of foreign trade that Europe will never get back.And it's about new Russian agricultural exports to China. Perhaps even about eventual exports to the U.S. for those who want a "GMO-free" label on their food. This is very bad news for Monsanto and other biotech companies in the U.S, especially a few years down the road when other countries begin importing Russian GMO-free food.  
Gary Edwards

How IT Costs More Jobs than It Creates - Technology Review - 0 views

www.technologyreview.com/...page2

shared by Gary Edwards on 26 Oct 11 - No Cached
  • Brynjolfsson and McAfee cite evidence that—in addition to other macroeconomic problems, and the 2008 financial crisis—the U.S. economy is undergoing a structural change wrought by technology. "It's not just the crash, it's something that is changing fundamentally in the way people use technology," Brynjolfsson says
    • Gary Edwards
      Gary Edwards on 26 Oct 11
       
      Maybe it's true that technological changes to "productivity" are coming so fast, and with such dramatic improvements, that people can't adapt and keep up; creating a human vs tech productivity gap.  Maybe though, productivity / employment is not the most accurate gauge for measuring income, prosperity and wealth.  Consumption and investment have to be factored in.  The Fair Tax is a better fit for this high tech  productivity world than the Progressive Income Tax. Societies that carry a huge militaristic and/or socialistic cost to citizenship and governance are certainly at a competitive disadvantage in a global economy.  The cost of productivity has to carry the weight of militaristic/socialist government.  In the US, near 50% of the population exist on government subsidized income/re-distribution.  If it wasn't for tech pumped productivity, where the return on investment jumps also as labor cost and the cost of product/services distribution falls, it would be impossible for the US private sector to carry the enormous weight of government. It seems to me though that consumption has it's own internal balancing mechanism, if only the government would get out of the way and let it work.  Citizens can't consume if they don't produce.  Regardless of the the tech productivity bump factor!   The other point is that much of this discussion rests on the gravitational law that digital information represents reality; and digital services make reality more efficient with global distribution possibilities (larger markets).  But you can't eat "digital representations of reality".  You can't physically fly from San Francisco to NYC using strictly digital representations, even though you can simulate communication and connectivity "digitally". At the end of the day, digital machines enable us to work reality in new and efficient ways.  But they are still machines.  And a reality of physical dimensions remains.
Gary Edwards

Security, the Edward Snowden Way - Datamation - 0 views

www.datamation.com/...-the-edward-snowden-way-1.html

security Edward-Snowden

shared by Gary Edwards on 25 Jul 14 - No Cached
  • NoScript NoScript is a free extension for Mozilla-based web browsers, including Firefox. It blocks executable web content by default. This blocking includes JavaScript, Java, Flash and Silverlight. You can whitelist sites if you want to use such content on a site-by-site basis. Or, if you choose, you can make all sites active by default and choose to blacklist sites you think might be dangerous. A visual button tells you if active content has been blocked on the current site.
  • PGP In the first chapter of his book “No Place to Hide,” journalist Glenn Greenwald wrote that Edward Snowden contacted him using the alias “Cincinnatus,” and said he would tell Greenwald some highly newsworthy facts, but only if he installed Pretty Good Privacy (PGP) first. (Greenwald didn’t know the magnitude of the scoop being offered to him and didn’t get around to installing PGP for months, thus delaying the leak.) PGP, of course, is a 23-year-old encryption program that can be used for email, as well as files and other things.
  • Tor Tor is a free application that routes your Internet traffic through a global volunteer network of thousands of relays that play a shell game with your data so your location and Internet travels are concealed. Tor, which used to stand for “The Onion router” in a reference to layers of encryption, encrypts data in multiple layers that prevents snoops from being able to figure out any details about your web travels, such as where you are or what you’re looking at. Tor was developed in part by US government funding as a way to enable citizens in repressive countries to communicate safely. And the NSA has a lot of respect for it. But in a recent controversy, two Carnegie Mellon researchers said they would give a talk at the Black Hat USA 2014 conference next month telling how to identify Tor users inexpensively (for only $3,000). The session was cut from the lineup because university lawyers didn’t approve it. The institute that the researchers work for is funded by the Pentagon, but the Department of Homeland Security said they did not request that the talk be cancelled.
  • Gary Edwards on 25 Jul 14
     
    "Whether you think NSA whistleblower Edward Snowden is a hero or a traitor, you have to admit: The guy knows how to keep his information secure. The fact that Snowden isn't sitting in Guantanamo right now with ankle cuffs and a bag over his head demonstrates his ability to avoid detection. Snowden spoke at the Hope X conference in New York this month via a Google+ Hangout from Russia, and called on developers to build privacy and security into everyday products. He also hinted that he planned to work on building such technology. If you look into the details of what's been happening with tracking, surveillance, spying, hacking and global cyber industrial espionage, you can see that Snowden is right. We all need a lot better protection from snoops of all stripes. But how does the non-expert get started? One option is to listen to Snowden himself. Over the past year, Snowden has in one format or another, made specific product recommendations. Here are the products Snowden has explicitly recommended since the trove of documents on the NSA has been publicly revealed. (The list is in alphabetical order.) Ghostery Ghostery, made by a company called Evidon, is a browser extension for Chrome, Firefox, Safari and Internet Explorer. It exists for two purposes. The first is to block tracking code, which makes browsing the web both more private and also faster. The second purpose is, somewhat contradictory -- Evidon collects data from you to help advertisers avoid being blocked. It also enables website owners to gain insights into the tracking code deployed on their site by third-party advertising companies. Note that Snowden recommended Ghostery some time ago. But this month, the Electronic Frontier Foundation launched a competing product that I would imagine Snowden would recommend called Privacy Badger."
  • Paul Merrell on 26 Jul 14
     
    I'd back Snowden in 2016 as a write-in candidate for President.
Paul Merrell

Russia Abandons PetroDollar By Opening Reserve Fund - 0 views

oilprice.com/...r-By-Opening-Reserve-Fund.html

war & peace economic-warfare Russia U.S. 2015 oil-forecast

shared by Paul Merrell on 19 Jan 15 - No Cached
  • 2015 has not been good to Russia; the spread between Brent and WTI is gone in anticipation of US exports and both benchmarks have flirted with sub $45 prices. A hostage to such prices, the ruble has yet to begin its turnaround and the state’s finances are in extreme disarray. President Vladimir Putin’s approval ratings remain sky-high, but his country has not faced such difficult times since he took office more than 15 years ago. Since the turn of the new year the ruble has fallen over 13 percent and Russia’s central bank and finance department are running out of options – to date, policy makers have hiked interest rates to their highest level since the 1998 Russian financial crisis and embarked on a 1 trillion-ruble ($15 billion) bank recapitalization plan to little effect. Their latest, and most dramatic, plan is to abandon the dollar – at least somewhat.
  • In late December, the Kremlin ordered five large state-owned exporters – including oil and gas giants Rosneft and Gazprom – to sell their foreign currency reserves. Specifically, the companies must bring their foreign reserves to October levels by the beginning of March. To comply, the exporters may have to sell a combined $1 billion per day until March. Private companies have not yet been hit by these soft capital controls, but have instead been advised to manage their foreign exchange maneuvers responsibly. More recently, the Kremlin announced it will open its $88 billion sovereign wealth fund and flip it for rubles. The plan will see Russia convert as much as $8 billion to rubles (~500 billion) over a two-month span and place them in deposits for banks. Overall, the move will provide the Russian economy with some much needed liquidity and could speed up the healing if oil were to rebound, but it sends the wrong signals to investors and Economy Minister Alexei Ulyukaev believes the country’s credit rating will soon be marked below investment grade.
  • In any case, the move does little for the country’s ailing oil industry. The domestic market is projected to shrink amid the economic slowdown, and competition for market share abroad is increasingly competitive. Production forecasts are no rosier and the EIA predicts Russian crude production growth will be among the worst performers in both 2015 and 2016 – contrasted by continued growth in North America. Russia’s gas industry has fared no better. Gazprom’s 2014 output was historically awful and LNG is ever more a counter to the country’s pipeline politics.
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  • While Russia likely envisioned abandoning its dollars under far better circumstances, the news is just as worrying for the United States and its dollar hegemony. Along with Russia, energy exporters worldwide are pulling their petrodollars out of world financial markets and other USD-denominated assets in favor of greater, and certainly necessary, spending domestically. In the past, these dollars have given life to the loan market and helped fund debt among energy importers, contributing to overall growth.
  • Petrodollar exports – otherwise known as petrodollar recycling – were negative in 2014 for the first time in nearly two decades. The result is falling global market liquidity, record low US Treasury rates, and higher borrowing costs for everyone – a tough pill to swallow for energy producers if oil prices remain low. The US dollar remains the global reserve currency for now, but the fact remains that nations are increasingly transacting on their own terms, and often times without the USD.
  • Paul Merrell on 19 Jan 15
     
    Re: "EIA predicts Russian crude production growth will be among the worst performers in both 2015 and 2016 - contrasted by continued growth in North America." That's not what is being reported. Many shale oil production facilities are no longer profitable in North America and credit for new efforts has completely dried up. And unless Congress can raise enough votes in both houses to overried Obama's promised veto of a bill to alow construction of the KXL Pipeline, Most of Canada's new oil production capacity will never reach the market. (Canada has ruled out pipelines from the Alberta tar sands to its own ocean coasts, so there is no alternative to KXL.)
Paul Merrell

UK Cryptographers Call For Publication of Deliberately Weakened Protocols, Products | T... - 0 views

threatpost.com/...102301

surveillance state NSA GCHQ cryptography surveillance-reform

shared by Paul Merrell on 17 Sep 13 - No Cached
  • A group of cryptographers in the UK has published a letter that calls on authorities in that country and the United States to conduct an investigation to determine which security products, protocols and standards have been deliberately weakened by the countries’ intelligence services. The letter, signed by a number of researchers from the University of Bristol and other universities, said that the NSA and British GCHQ “have been acting against the interests of the public that they are meant to serve.” The appeal comes a couple of weeks after leaked documents from the NSA and its UK counterpart, Government Communications Headquarters, showed that the two agencies have been collaborating on projects that give them the ability to subvert encryption protocols and also have been working with unnamed security vendors to insert backdoors into hardware and software products. Security experts have been debating in recent weeks which products, standards and protocols may have been deliberately weakened, but so far no information has been forthcoming.
  • “By weakening cryptographic standards, in as yet undisclosed ways, and by inserting weaknesses into products which we all rely on to secure critical infrastructure, we believe that the agencies have been acting against the interests of the public that they are meant to serve. We find it shocking that agencies of both the US and UK governments now stand accused of undermining the systems which protect us. By weakening all our security so that they can listen in to the communications of our enemies, they also weaken our security against our potential enemies,” the letter says.
  • Published on Monday, the letter is signed by cryptographers from the University of Bristol, University of London, University of Birmingham, University of Luxembourg, University of Southampton, University of Surrey, University of Kent, Newcastle University and University College London. In it, the researchers call on the relevant authorities to publicly name the products and standards that have been weakened in order to inform users which systems they should avoid. “We call on the relevant parties to reveal what systems have been weakened so that they can be repaired, and to create a proper system of oversight with well-defined public rules that clearly forbid weakening the security of civilian systems and infrastructures. The statutory Intelligence and Security Committee of the House of Commons needs to investigate this issue as a matter of urgency. In the modern information age we all need to have complete trust in the basic infrastructure that we all use,” the letter says.
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  • In the weeks since the documents detailing the NSA’s cryptographic capabilities emerged, further details about exactly which protocols the agency can attack successfully and which standards it may have influenced have been scarce. NIST, the U.S. agency that develops technical standards for cryptography, among other things, as denied accusations that the NSA was able to weaken some of the NIST standards. However, at the same time, NIST officials have issued a recommendation that people no longer use one of the encryption standards it previously published.
Gary Edwards

The Sides Are Forming For The Coming Civil War. | Militia News - 1 views

www.militianews.com/rming-for-the-coming-civil-war

Obammunism financial-collapse financial-oligarchs banksters

shared by Gary Edwards on 29 Nov 13 - No Cached
  • America is in the choosing sides phase of the coming civil war. To use a college recruiting phrase, it is accurate to state that the letters of intent to join one side or another have mostly been signed and the commitments offered. However, there is one big uncommitted piece, but very soon the sides will be drawn.
  • The Chess Pieces of Civil War What is going on today in America all about choosing sides. There are clear lines being formed in the United States. The recruiting pool consists of the Department of Homeland Security, the American military, local law enforcement, the Russian troops pouring into the United States, the trickle of Chinese troops coming into the country through Hawaii and, of course, the poor, the middle class and elite. This is the recruiting pool which will form the chess pieces of the coming American Civil War. Even if all parties in this country wanted the country to continue, even in its present mortally wounded state, it would be foolish to believe that it could continue for much longer.
  • Barring a false flag event, US martial law will have a trigger event, which will lead to martial law, that will be financial and it will naturally occur as we are already on a collision course with destiny.
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  • The net result of these staggering numbers can only end one way, and that is with a financial collapse, followed by a bank holiday, rioting in the streets and the full roll out of martial law. These financial numbers guarantee that the party cannot continue much longer. Since America, in her present form, cannot continue much longer without experiencing a cataclysmic shift, we would be wise to realize what resources are going to be the impetus for civil war. When you play the board game, Monopoly, the properties on Boardwalk are among the most coveted. It is no different in real life. The biggest prize of the coming conflict is real estate. Homes, office buildings and shopping malls are the most coveted prize. The MERS mortgage fraud continues unabated as millions of homes have been confiscated through mortgage fraud. When the dollar is worthless and is awaiting its replacement (e.g. the Amero or the Worldo), real estate will be more valuable than gold.
  • Other big game that is being hunted by both sides in the coming civil war will be bank accounts, which must be looted before the dormant computer digits we call money can be converted into hard assets. That is why my advice is, and has been, convert your cash into tangible assets which can enhance your survivability in the upcoming crash.
  • Also, your pensions, your 401K’s and your various entitlement programs are also at risk as evidenced by Secretary of Treasury Jack Lew’s “borrowing” from various Federal retirement accounts in order to increase the debt ceiling fight that will resurface in Congress, again, early next year.
  • Again, my advice is to convert your assets in tangible items which will aid in getting you through some very dark days coming up in the near future.
  • Before the cognitive dissonance crowd rears their ugly heads and accuses me of fear mongering, ask yourself what the elite did prior to the crash of the economy in 1929. For example, Joseph Kennedy took his money out of the stock market the day BEFORE it crashed. Vanderbilt, Rockefeller, Westinghouse, et al., all took their money out just prior to the crash, leaving the ignorant masses unaware of what was coming. Don’t make the same mistake.
  • I have news for you, there are Federal officials in every town, city and county in America. If one violates HR 347, they will be immediately arrested and charged with a felony.
  • The NDAA constitutes another big fence being built around the people in which all due process will soon be gone. The NDAA will allow the administration the “legal” right to secretly remove any burgeoning leadership of citizen opposition forces.
  • There are three paramount numbers that every American should be paying attention to and they are (1) national deficit ($17 trillion dollars), (2) the unfunded liabilities debt ($238 trillion dollars), and (3) the derivatives/futures debt (one quadrillion dollars which is 16 times the entire wealth of the planet.
  • In short, this spells the potential enslavement of the American people.
  • For those of you who still have your blinders on, research the NDAA and EO 13603 and then when you realize that I am correct in my interpretation, ask yourself one question; If the powers that be were not going to seize every important asset, then why would the government give itself the power to do just that?
  • And while you are at it, remember the Clean Water Act gives the EPA to control all private property as well as the precious resources of all water. And then of course, the FDA and the conflicts with local farmers is escalating.
  • And if this is not enough to convince the sheep of this country that the storm clouds are overhead, then take a look at HR 347 which outlaws protesting and takes away the First Amendment. This unconstitutional legislation makes it illegal to criticize the President and the government, as a whole, in the presence of Federal officials.
  • The second provision which will allow this country to quickly transition to martial law is Executive Order (EO) 13603 which allows the President to take control over any resource, property and even human labor within the United States. This EO gives the President unlimited authority including the ability to initiate a civilian draft as well as a military draft.
  • I just saw the Hunger Games sequel, Catching Fire, and this is eerily similar to what I saw in the movies in that the people are being provoked to revolution.
  • in the TV show, Revolution, the most evil entity in the series is the re-emergence of the United States government and the heroes of the show are rebelling against the abuse.
  • It seems like everywhere we turn in the media, the people are being encouraged to rise up now and challenge authority. I am sure the establishment would rather confront a small group of dissidents and squelch the rebellion now, before the numbers can become significant and overwhelming to the establishment and this theme is being carried out in the media.
  • The final action will consist of gun confiscation and one side of the coming conflict is attempting to position themselves to do that in the near future and that would be the DHS, the Russians and the Chinese.
  • I cannot think of another legitimate reason which would describe why they are here.
  • Paul Merrell on 30 Nov 13
     
    While I'd be the first to agree that the degree of fiscal mismanagement of this nation's economy is beyond insane and have to admit that I see very little to admire in Barack Obama's presidency, the meme about Executive Order 13603 authorizing confiscation of any property and enslavement of the American public needs to be put to rest. See http://www.archives.gov/federal-register/executive-orders/2012.html#13603 E.O. 13603 is not much more than an updating of similar executive orders issued by prior presidents beginning with Dwight Eisenhower. In fact, in skimming it a few minutes ago, I didn't see anything drastically different from some of the prior related orders. E.g., it reflects that a bunch of agencies that were formerly either independent or under other departments are now under the newish Department of Homeland Security, whose Secretary now gets the authority formerly delegated to other department and agency heads. If blame must be cast, it belongs on the Congress that enacted the Defense Production Act of 1950, 50 U.S.C. 2061, et seq. The executive order does no more than obey that Act's instructions. For example there is a section authorizing pre-emption of manufacturing capacity of critical industries over any existing civilian contracts in the event of a national emergency, but that language is in the statute as well. But that power hasn't had much traction since Harry Truman tried to nationalize the steel industry to break a nationwide strike. The Supreme Court swatted down that effort as an abuse of a power that would be lawful in a true emergency, like another major. But even that semi-radical "survival" power is ameliorated by other provisions of the statute and the order that authorize loan guarantees for companies' construction and maintenance of critical productive capacity. Much of that has been implemented over the years as outright grants. So for example, many chemical manufacturing plants were built with Defense Production Act funds, with
Paul Merrell

Sorry for letting them snoop? Dell apologizes for 'inconvenience' caused by NSA backdoo... - 0 views

rt.com/...ell-appelbaum-30c3-apology-027

surveillance state NSA NSA-methods backdoors NSA-backdoors hardware

shared by Paul Merrell on 01 Jan 14 - No Cached
  • Security researcher Jacob Appelbaum dropped a bombshell of sorts earlier this week when he accused American tech companies of placing government-friendly backdoors in their devices. Now Texas-based Dell Computers is offering an apology. Or to put it more accurately, Dell told an irate customer on Monday that they “regret the inconvenience” caused by selling to the public for years a number of products that the intelligence community has been able to fully compromise in complete silence up until this week. Dell, Apple, Western Digital and an array of other Silicon Valley-firms were all name-checked during Appelbaum’s hour-long presentation Monday at the thirtieth annual Chaos Communication Congress in Hamburg, Germany. As RT reported then, the 30-year-old hacker-cum-activist unveiled before the audience at the annual expo a collection of never-before published National Security Agency documents detailing how the NSA goes to great lengths to compromise the computers and systems of groups on its long list of adversaries.
  • Spreading viruses and malware to infect targets and eavesdrop on their communications is just one of the ways the United States’ spy firm conducts surveillance, Appelbaum said. Along with those exploits, he added, the NSA has been manually inserting microscopic computer chips into commercially available products and using custom-made devices like hacked USB cables to silently collect intelligence. One of the most alarming methods of attack discussed during his address, however, comes as a result of all but certain collusion on the part of major United States tech companies. The NSA has information about vulnerabilities in products sold by the biggest names in the US computer industry, Appelbaum said, and at the drop off a hat the agency has the ability of launching any which type of attack to exploit the flaws in publically available products.
  • The NSA has knowledge pertaining to vulnerabilities in computer servers made by Dell and even Apple’s highly popular iPhone, among other devices, Appelbaum told his audience. “Hey Dell, why is that?” Appelbaum asked. “Love to hear your statement about that.”
  • ...4 more annotations...
  • TechDirt reporter Mike Masnick noticed early Tuesday that Dell’s official customer service Twitter account opted to issue a cookie-cutter response that drips of insincerity. “Thanks you for reaching out and regret the inconvenience,” the Dell account tweeted to Wismeijer. “Our colleagues at @DellCaresPro will be able to help you out.” “Inconvenience? You got to be F*ckin kidding me!” Wismeijer responded. “You place an NSA bug in our servers and call it an inconvenience?”
  • @DellCares @dellcarespro Inconvenience? You got to be F*ckin kidding me! You place an NSA bug in our servers and call it an inconvenience? — Martijn Wismeijer (@twiet) December 31, 2013
  • Appelbaum didn’t leave Dell off the hook after revealing just that one exploit known to the NSA, however. Before concluding his presentation, he displayed a top-secret document in which the agency makes reference to a hardware implant that could be manually installed onto Dell PowerEdge servers to exploit the JTAG debugging interface on its processor — a critical circuitry component that apparently contains a vulnerability known to the US government. “Why did Dell leave a JTAG debugging interface on these servers?” asked Appelbaum. “Because it’s like leaving a vulnerability in. Is that a bugdoor, or a backdoor or just a mistake? Well hopefully they will change these things or at least make it so that if you were to see this, you would know that you have some problems. Hopefully Dell will release some information about how to mitigate this advance persistent threat.” Appelbaum also provoked Apple by acknowledging that the NSA boasts of being able to hack into any of their mobile devices running the iOS operating system. “Either they have a huge collection of exploits that work against Apple products — meaning they are hoarding information about critical systems American companies product and sabotaging them — or Apple sabotages it themselves,” he said.
  • Security researcher Jacob Appelbaum dropped a bombshell of sorts earlier this week when he accused American tech companies of placing government-friendly backdoors in their devices. Now Texas-based Dell Computers is offering an apology. Or to put it more accurately, Dell told an irate customer on Monday that they “regret the inconvenience” caused by selling to the public for years a number of products that the intelligence community has been able to fully compromise in complete silence up until this week. Dell, Apple, Western Digital and an array of other Silicon Valley-firms were all name-checked during Appelbaum’s hour-long presentation Monday at the thirtieth annual Chaos Communication Congress in Hamburg, Germany. As RT reported then, the 30-year-old hacker-cum-activist unveiled before the audience at the annual expo a collection of never-before published National Security Agency documents detailing how the NSA goes to great lengths to compromise the computers and systems of groups on its long list of adversaries.
Gary Edwards

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

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

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

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