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Paul Merrell

Ukraine Crisis: Geneva Talks Produce Agreement On Defusing Conflict - 0 views

www.informationclearinghouse.info/article38259.htm

war & peace Ukraine negotiations U.S. Russia EU

shared by Paul Merrell on 18 Apr 14 - No Cached
  • "The Guardian" -  The US, Russia, Ukraine and the European Union have agreed a plan aimed at defusing the gathering conflict in eastern Ukraine. At a meeting in Geneva which began with low expectations but led to seven hours of intense negotiations, foreign ministers agreed a series of "concrete steps" to be taken by all sides. "All sides must refrain from any violence, intimidation or provocative actions. The participants strongly condemned and rejected all expressions of extremism, racism and religious intolerance, including antisemitism," the joint statement said. "All illegal armed groups must be disarmed; all illegally seized buildings must be returned to legitimate owners; all illegally occupied streets, squares and other public places in Ukrainian cities and towns must be vacated." The constitution is also to be revised in a process that is "inclusive, transparent and accountable".
  • The substantive agreement also grants amnesty to protesters including those who had occupied government property and surrendered their weapons. The exception would be those "found guilty of capital crimes".
  • The success of the agreement will depend on its implementation. Kerry made it clear that the US would hold Moscow responsible for controlling the pro-Russian protesters, who the Russian president, Vladimir Putin, has portrayed as independent minded Ukrainians.
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  • The Organisation for Security and Co-operation in Europe will be given a leading role in monitoring the agreement and helping to implement it. "The US, EU and Russia commit to support this mission, including by providing monitors," the statement said. On constitutional talks it said: "The announced constitutional process will be inclusive, transparent and accountable. It will include the immediate establishment of a broad national dialogue, with outreach to all of Ukraine's regions and political constituencies, and allow for the consideration of public comments and proposed amendments." Kiev: Military operation in Ukraine southeast to go on despite Geneva agreement: Despite calls for a peaceful dialogue in the document on Ukraine adopted in Geneva, the coup-imposed Ukrainian Foreign Minister said it will not affect the “anti-terrorist” operation in the East of the country and the troops will remain there.
  • Paul Merrell on 18 Apr 14
     
    Re: "Kerry made it clear that the US would hold Moscow responsible for controlling the pro-Russian protesters, who the Russian president, Vladimir Putin, has portrayed as independent minded Ukrainians." I've seen no evidence thus far that Russia has any control over the protesters in southeast Ukraine. Many allegations that Russia has that control, but not a solitary specific fact illustrating that it is so. Given that the Kiev coup leaders rammed legislation through the moment they came to power ejecting Russian from the list of official languages and their other vehement anti-Russian acts, ethnic Russians in Ukraine have every reason to secede from Ukraine, in my opinion.    
Paul Merrell

Gates Foundation Sells Stake in U.K. Prison Operator G4S - Bloomberg - 0 views

www.bloomberg.com/...-u-k-security-company-g4s.html

Israel Palestine BSD G4S

shared by Paul Merrell on 09 Jun 14 - No Cached
  • The Gates Foundation Asset Trust, the entity that manages the investments for the $40.2 billion Bill & Melinda Gates Foundation, has liquidated its entire stake in G4S Plc (GFS), the world’s biggest security-services provider. “Like other large foundations, the foundation trust evaluates its holdings regularly, both for performance and fit,” John Pinette, a spokesman for the Gates family, said in a statement. “As a result of this, the foundation trust no longer holds an investment in G4S.” The Crawley, England-based company has attracted criticism for its contracts with the Israel prison system. The U.K.’s Guardian newspaper said in an editorial on June 4 that G4S should “end the corporation’s participation in Israel’s brutal occupation” in the West Bank. Since 2011, G4S has conducted a series of reviews in relation to its business in Israel, according to the company’s website. Its latest investigation concluded there was “no plausible case against G4S on the ground of alleged war crimes commited by Israel.”
  • The Gates Foundation Asset Trust, the entity that manages the investments for the $40.2 billion Bill & Melinda Gates Foundation, has liquidated its entire stake in G4S Plc (GFS), the world’s biggest security-services provider. “Like other large foundations, the foundation trust evaluates its holdings regularly, both for performance and fit,” John Pinette, a spokesman for the Gates family, said in a statement. “As a result of this, the foundation trust no longer holds an investment in G4S.” The Crawley, England-based company has attracted criticism for its contracts with the Israel prison system. The U.K.’s Guardian newspaper said in an editorial on June 4 that G4S should “end the corporation’s participation in Israel’s brutal occupation” in the West Bank. Since 2011, G4S has conducted a series of reviews in relation to its business in Israel, according to the company’s website. Its latest investigation concluded there was “no plausible case against G4S on the ground of alleged war crimes commited by Israel.”
  • Paul Merrell on 09 Jun 14
     
    A very high profile win for the Palestinian Boycott, Divestment, and Sanctions ("BSD") movement as the Gates Foundation divests.  Despite the bravado in this article, G4S announced today that it will not renew any of its contracts to provide security services not only in Palestine but also in Israel. http://electronicintifada.net/blogs/ali-abunimah/g4s-end-israel-prison-contracts-pressure-mounts-over-torture-complicity After the Gates Foundation announced its divestment, the UK government announced that it was launching an investigation of G4S activities in Israel.  The BSD movement, modeled on the BSD campaign that brought down the apartheid government of South Africa, has been racking up more and more wins lately, in each week.  BSD activists are in guarded optimism mode because, they say, G4S has previously lied about its plans in regard to Palestine. In addition to providing prison security services, G4S also operates a series of border checkpoints between Israel, Israel settlements in Palestine, and areas of Palestine still occupied by indigenous Palestinians, including checkpoints along the border of the largest open air prison in the world, the Gaza Strip. The BSD movement has also targeted American companies that profit from Israel's illegal occupation and colonization of Palestine, including Caterpillar Corp. The ultra-high profile divestment by the Gates Foundation just might have been a watershed moment that unleashes a torrent of related actions by other investors around the world.   
Paul Merrell

The Debt To GDP Ratio For The Entire World: 286 Percent Washington's Blog - 0 views

www.washingtonsblog.com/...46790.html

economy debt global-GDP-debt-ratio banksters central-banks

shared by Paul Merrell on 19 May 15 - No Cached
  • Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that.  If we took everything that the global economy produced this year and everything that the global economy produced next year and used it to pay all of this debt, it still would not be enough.  According to a recent report put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“, the total amount of debt on our planet has grown from 142 trillion dollars at the end of 2007 to 199 trillion dollars today.  This is the largest mountain of debt in the history of the world, and those numbers mean that we are in substantially worse condition than we were just prior to the last financial crisis.
  • When it comes to debt, a lot of fingers get pointed at the United States, and rightly so.  Just prior to the last recession, the U.S. national debt was sitting at about 9 trillion dollars.  Today, it has crossed the 18 trillion dollar mark.  But of course the U.S. is not the only one that is guilty.  In fact, the McKinsey Global Institute says that debt levels have grown in all major economies since 2007.  The following is an excerpt from the report… Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth. What is surprising is that debt has actually grown the most in China.  If you can believe it, total Chinese debt has grown from 7 trillion dollars in 2007 to 28 trillion dollars today.  Needless to say, that is absolutely insane…
  • What all of this means is that our long-term global economic problems have gotten much, much worse.  This short-lived period of relative stability that we have been enjoying has been fueled by unprecedented amounts of debt and voracious money printing.  Anyone with half a brain should be able to see that this is a giant financial bubble, and in the end it is going to unwind very, very painfully.  The following comes from a Canadian news source… At the beginning of 2008, government accounted for a smaller portion of the debt pie than corporate, household or financial debt. It now exceeds each of those other categories. “The current situation is much worse than in 2000 or 2007, and with interest rates near or at zero, the central banks have already used up their ammunition. Plus, the total indebtedness, especially the indebtedness of governments, is much higher than ever before,” said Claus Vogt, a Berlin-based analyst and co-author of a 2011 book titled The Global Debt Trap.
  • ...3 more annotations...
  • “Every speculative bubble rests on some kind of a fairy tale, a story the bubble participants believe in and use as rationalization to buy extremely overvalued stocks or bonds or real estate,” Mr. Vogt argued. “And now it is the faith in the central-planning capabilities of global central bankers. When the loss of confidence in the Fed, the ECB etc. begins, the stampede out of stocks and bonds will start. I think we are very close to this pivotal moment in financial history.” But for the moment, the ridiculous stock market bubble continues.
  • Internet companies that didn’t even exist a decade ago are now supposedly worth billions upon billions of dollars even though some of them don’t make any money at all.  There is even a name for this phenomenon.  Internet companies that have gigantic valuations without gigantic revenue streams are being called “unicorns”… A dizzying mix of bold ideas and lavish investments has catapulted dozens of privately held start-ups to unicorn status, defined as having market valuations of at least $1 billion often without soaring revenues to match. Social-sharing site Pinterest has soared to $11 billion. Ride-hailing company Uber is now worth a staggering $50 billion. How long can the party last?
  • Sadly, the truth is that Wall Street is headed for a very painful awakening. What we are experiencing right now is the greatest financial bubble of all time. What comes after that is going to be the greatest financial crash of all time. 199,000,000,000,000 dollars of debt is about to come crashing down, and the pain of this disaster will be felt by every man, woman and child on the entire planet.
Paul Merrell

The Liberal Apologies for Obama's Ugly Reign » CounterPunch: Tells the Facts, Names the Names - 0 views

www.counterpunch.org/...pologies-for-obamas-ugly-reign

Auction 2016 Obaba-apologists Hillary Progressives banksters

shared by Paul Merrell on 14 Jun 15 - No Cached
  • My favorite story indicating the depth and degree of Obama’s loyalty to the wealthy Few comes from the spring of 2009. In his important book Confidence Men: Wall Street, Washington, and the Education of a President (2011), the Pulitzer Prize-winning author Ron Suskind tells a remarkable story from March of 2009. Three months into Barack Obama’s supposedly progressive, left-leaning presidency, popular anger at Wall Street was intense and the nation’s leading financial institutions were weak and on the defensive in the wake of the financial collapse and recession they had created. The new president called a meeting of the nation’s top 13 financial executives at the White House. The banking titans came into the meeting full of dread. As Suskind noted: “They were the CEOs of the thirteen largest banking institutions in the United States… And they were nervous in ways that these men are never nervous. Many would have had to reach back to their college days, or even grade school, to remember a moment when they felt this sort of lump-in-the-throat tension…As some of the most successful men in the country, they weren’t used to being pariahs… [and] they were indeed pariahs. The populist backlash against the financial sector—building steadily since September—was finally beginning to cause grave discomfort on Wall Street. As unemployment ballooned and credit tightened, the country began to look inward, toward the origins of the panic and its disastrous consequences.”
  • In the end, however, the anxious captains of high finance left the meeting pleased to learn that Obama was totally in their camp. For instead of standing up for those who had been harmed most by the crisis—workers, minorities, and the poor – Obama sided unequivocally with those who had caused the meltdown. “My administration is the only thing between you and the pitchforks,” Obama said. “You guys have an acute public relations problem that’s turning into a political problem. And I want to help…I’m not here to go after you. I’m protecting you…. I’m going to shield you from congressional and public anger.” For the banking elite who destroyed millions of jobs in their lust for profit, there was, as Suskind puts it, “Nothing to worry about. Whereas [President Franklin Delano] Roosevelt had [during the Great Depression] pushed for tough, viciously opposed reforms of Wall Street and famously said ‘I welcome their hate,’ Obama was saying ‘How can I help?’” As one leading banker told Suskind, “The sense of everyone after the meeting was relief. The president had us at a moment of real vulnerability. At that point, he could have ordered us to do just about anything and we would have rolled over. But he didn’t – he mostly wanted to help us out, to quell the mob.” When “the bankers arrived in the State Dining Room,” Suskind notes, “Obama had them scared and ready to do almost anything he said…. An hour later, they were upbeat, ready to fly home and commence business as usual” (Confidence Men).
  • This remarkable episode happened in the White House in a time when, to repeat, the Democrats held the majority in both houses of Congress along with an angry populace ready with good reason for Wall Street and 1% blood. And what did the populace get from this seemingly progressive alignment of the stars? The venerable left liberal journalist William Grieder put it very well in a March 2009 Washington Post Op-Ed: “a blunt lesson about power, who has it and who doesn’t.” Americans “watched Washington rush to rescue the very financial interests that caused the catastrophe. They learned that government has plenty of money to spend when the right people want it. ‘Where’s my bailout,’ became the rueful punch line at lunch counters and construction sites nationwide. Then to deepen the insult, people watched as establishment forces re-launched their campaign for ‘entitlement reform’ – a euphemism for whacking Social Security benefits, Medicare and Medicaid.”
Paul Merrell

FindLaw | Cases and Codes - 0 views

caselaw.lp.findlaw.com/...getcase.pl

surveillance state NSA pen-register 4th Amendment

shared by Paul Merrell on 20 Jun 13 - No Cached
  • SMITH v. MARYLAND, 442 U.S. 735 (1979)
  • The telephone company, at police request, installed at its central offices a pen register to record the numbers dialed from the telephone at petitioner's home. Prior to his robbery trial, petitioner moved to suppress "all fruits derived from" the pen register. The Maryland trial court denied this motion, holding that the warrantless installation of the pen register did not violate the Fourth Amendment. Petitioner was convicted, and the Maryland Court of Appeals affirmed. Held: The installation and use of the pen register was not a "search" within the meaning of the Fourth Amendment, and hence no warrant was required. Pp. 739-746. (a) Application of the Fourth Amendment depends on whether the person invoking its protection can claim a "legitimate expectation of privacy" that has been invaded by government action. This inquiry normally embraces two questions: first, whether the individual has exhibited an actual (subjective) expectation of privacy; and second, whether his expectation is one that society is prepared to recognize as "reasonable." Katz v. United States, 389 U.S. 347 . Pp. 739-741.
  • (b) Petitioner in all probability entertained no actual expectation of privacy in the phone numbers he dialed, and even if he did, his expectation was not "legitimate." First, it is doubtful that telephone users in general have any expectation of privacy regarding the numbers they dial, since they typically know that they must convey phone numbers to the telephone company and that the company has facilities for recording this information and does in fact record it for various legitimate business purposes. And petitioner did not demonstrate an expectation of privacy merely by using his home phone rather than some other phone, since his conduct, although perhaps calculated to keep the contents of his conversation private, was not calculated to preserve the privacy of the number he dialed. Second, even if petitioner did harbor some subjective expectation of privacy, this expectation was not one that society is prepared to recognize as "reasonable." When petitioner voluntarily conveyed numerical information to the phone company and "exposed" that information to its equipment in the normal course of business, he assumed the risk that the company would reveal the information [442 U.S. 735, 736]   to the police, cf. United States v. Miller, 425 U.S. 435 . Pp. 741-746. 283 Md. 156, 389 A. 2d 858, affirmed.
  • Paul Merrell on 20 Jun 13
     
    The Washington Post has reported that "on July 15 [2001], the secret surveillance court allowed the NSA to resume bulk collection under the court's own authority. The opinion, which remains highly classified, was based on a provision of electronic surveillance law, known as "pen register, trap and trace," that was written to allow law enforcement officers to obtain the phone numbers of incoming and outgoing calls from a single telephone line." .  The seminal case on pen registers is the Supreme Court's 1979 Smith v. Maryland decision, bookmarked here and the Clerk's syllabus highlighted, with the Court's discussion on the same web page. We will be hearing a lot about this case decision in the weeks and months to come.  Let it suffice for now to record a few points of what my antenna are telling me:  -- Both technology and the law have moved on since then. We are 34 years down the line from the Smith decision. Its pronouncements have been sliced and diced by subsequent decisions. Not a single Justice who sat on the Smith case is still on the High Bench.   -- In Smith, a single pen register was used to obtain calling information from a single telephone number by law enforcement officials. In the present circumstance, we face an Orwellian situation of a secret intelligence agency with no law enforcement authority forbidden by law from conducting domestic surveillance perusing and all digital communications of the entire citizenry. -- The NSA has been gathering not only information analogous to pen register results but also the communications of American citizens themselves. The communications themselves --- the contents --- are subject to the 4th Amendment warrant requirement. Consider the circuitous route of the records ordered to be disclosed in the Verizon FISA order. Verizon was ordered to disclose them to the FBI, not to the NSA. But then the FBI apparently forwards the records to the NSA, who has both the "pen register
Gary Edwards

Is U.S. Now On Slippery Slope To Tyranny? - Thomas Sowell - 0 views

www.investors.com/...Article.aspx

obammunism BP Rule-of-Law Constitutional-Republic

shared by Gary Edwards on 25 Jun 10 - Cached
  • Gary Edwards on 25 Jun 10
     
    This is the article that has set the Web on fire.  Thomas Sowell takes the recent Obama shakedown of BP and cast these unconstitutional actions against the historical background of how tyrants go about the business of crushing constitutional liberty.  The first to go is the "rule of Law", as the crisis of the moment is used as an excuse to suspend the rule of Law for the good of the people. excerpt: "In our times, American democracy is being dismantled, piece by piece, before our very eyes by the current administration in Washington, and few people seem to be concerned about it. The president's poll numbers are going down because increasing numbers of people disagree with particular policies of his, but the damage being done to the fundamental structure of this nation goes far beyond particular counterproductive policies. Just where in the Constitution of the United States does it say that a president has the authority to extract vast sums of money from a private enterprise and distribute it as he sees fit to whomever he deems worthy of compensation? Nowhere. But our government is supposed to be "a government of laws and not of men." If our laws and our institutions determine that BP ought to pay $20 billion - or $50 billion or $100 billion - then so be it. But the Constitution says that private property is not to be confiscated by the government without "due process of law." With vastly expanded powers of government available at the discretion of politicians and bureaucrats, private individuals and organizations can be forced into accepting the imposition of powers that were never granted to the government by the Constitution. If you believe that the end justifies the means, then you don't believe in constitutional government. And, without constitutional government, freedom cannot endure. There will always be a "crisis" - which, as the president's chief of staff has said, cannot be allowed to "go to waste" as an opportunity to expand the government's p
Gary Edwards

Daniel Pearl and the Normalization of Evil - or, Carter's an Idiot! - WSJ.com - 0 views

online.wsj.com/...SB123362422088941893.html

carter appeasement hate-america daniel-pearl gitmo

shared by Gary Edwards on 04 Feb 09 - Cached
  • Bill Moyers was quick to lend Hamas legitimacy as a "resistance" movement, together with honorary membership in PBS's imaginary "cycle of violence." In his Jan. 9 TV show, Mr. Moyers explained to his viewers that "each [side] greases the cycle of violence, as one man's terrorism becomes another's resistance to oppression." He then stated -- without blushing -- that for readers of the Hebrew Bible "God-soaked violence became genetically coded." The "cycle of violence" platitude allows analysts to empower terror with the guise of reciprocity, and, amazingly, indict terror's victims for violence as immutable as DNA.
  • Gary Edwards on 04 Feb 09
     
    But the clearest endorsement of terror as a legitimate instrument of political bargaining came from former President Jimmy Carter. In his book "Palestine: Peace Not Apartheid," Mr. Carter appeals to the sponsors of suicide bombing. "It is imperative that the general Arab community and all significant Palestinian groups make it clear that they will end the suicide bombings and other acts of terrorism when international laws and the ultimate goals of the Road-map for Peace are accepted by Israel." Acts of terror, according to Mr. Carter, are no longer taboo, but effective tools for terrorists to address perceived injustices. Mr. Carter's logic has become the dominant paradigm in rationalizing terror. When asked what Israel should do to stop Hamas's rockets aimed at innocent civilians, the Syrian first lady, Asma Al-Assad, did not hesitate for a moment in her response: "They should end the occupation." In other words, terror must earn a dividend before it is stopped.
Gary Edwards

The Dark Side of the Socialist Joker: "Don't Just Take Their Wealth, Destroy it!" - 0 views

www.amconmag.com/...00009

obama-socialism financial-crisis aig cds banksters

shared by Gary Edwards on 19 Mar 09 - Cached
  • Gary Edwards on 19 Mar 09
     
    Business Insiders John Carney describes what happened at evil doer, AIG. In describing the black hole that is swallowing up endless volumes of taxpayer wealth, Carney points out that AIG is a channel for redistributing American wealth to International Bankers. ".... In last summer's blockbuster "The Dark Knight," the Joker invites one of the top crime lords of Gotham City to the rundown warehouse where he has stashed his ill-gotten gains. The mobster stares in awe at the huge stack of money the arch-criminal has amassed. But a moment later, his awe turns to horror as the Joker sets the money aflame. "This town deserves a better class of criminal," he explains. The exchange reveals the deep evil of the Joker. Unlike a common criminal, he doesn't just want to steal money from others. He wants to destroy their wealth....... At the heart of AIG's problems is a financial product called a credit default swap, which is really just an insurance contract on debt. If a borrower failed to pay off a loan fully, an investor protected by a credit default swap would be able to collect the outstanding amount from the insurance company. The idea was that credit default swaps would reduce the risk to any investor who bought bonds. In the best of worlds, they would reduce risk throughout the financial system by spreading out the costs of defaults. But that's not how things worked out. Instead, credit default swaps came to be used by banks in a way that no one anticipated-to avoid banking regulations. And AIG decided to get into the business of enabling this scheme...... "
Gary Edwards

Porter Stansberry - Porter Stansberry: The crisis is officially here - 0 views

www.thedailycrux.com/...eml

Banksters Obammunism national-debt-Ceiling financial-collapse banksters

shared by Gary Edwards on 01 Aug 11 - No Cached
  • Gary Edwards on 01 Aug 11
     
    Today may be the last chance we have to save our country.  Congress and Obama must come up with $4 Trillion in short term spending cuts to save the dollar.  I don't see it happening.  Boehner and the Republican establishment traded away the Cut, Cap & Balance Bill before it was even passed.  And it was passed only to be immediately put in the dirt by Boehner, Reid and McConnell.  Instead they came up with the largest increase in borrowing power the US Treasury has ever seen, $2.4 Trillion, near immediately.  Then they baked in the end of the Bush tax cuts, the $1 Trillion porkulous addition to the budget, and, ObamaCare to guarantee the largest tax increase in US history. This is indeed the End of America. excerpt: Yes, it's for real. We've been wondering when the markets would wake up to the reality of the sovereign debt crisis. Today is the day… The action in the fixed-income markets this morning verged on collapse. Yields on the world's benchmark sovereign debt - the U.S. 10-year Treasury bond - plummeted. Investors panicked and moved into the market, which is the world's most liquid market. Meanwhile, just about everything else in fixed income got killed. Mortgage REITs were briefly "no bid," for example. Annaly - the blue-chip mortgage REIT - was down more than 15% at the open. (I'll explain why in a moment.) It was as if the world's fixed-income investors finally woke up and realized the world's economy has serious problems… which our politicians seem unable to address, let alone repair.
Gary Edwards

Disaster Averted? Not! The Back Story on the Debt Limit | Experts' Corner | Big Think - 0 views

bigthink.com/39713

Banksters Chicomms China-USA-debt Autry-Navarro Death-by-China

shared by Gary Edwards on 12 Aug 11 - No Cached
  • You see, it is an extremely important but little known fact that China's currency peg -- the #1 trade cheat the Dragon uses to vacuum jobs out of the USA -- actually compels them to loan us money no matter how loudly they insist that that they have a choice of investments. It works like this: American's proclivity to take both the wages from our Democratic stimulus job and the checks from our Republican tax refunds down to Wal-Mart for another cart full of Chinese products, not only creates more jobs in Guangzhou than it does Milwaukee but also leaves China bursting with US dollars. The Chinese government then soaks up a lot of those bucks from companies like Huawei by selling short term, high yield bonds that pay back in Yuan. They then march those dollars right back to the US treasury. In fact, they pay MORE to get the dollars out of private hands in China than they earn on the increasingly risky bet they are making in US debt! At this point you should be thinking, "WTF?"
  • If China's firms were allowed to trade their dollars for Chinese Yuan on the foreign exchanges, the dollar would fall against the Yuan and undermine China's unfair 40% advantage against every American (and European and Asian) product. If they trade those bucks for some other currency, like the Euro, the dollar is still being sold and it still falls, plus China's growth draws a them right back in searching to buy Yuan, which would then rise. If China purchases products or commodities on the open markets, those dollars would still be exchanged, the greenback would drop to competitive levels, the Yuan would rise to its real purchasing power and Americans would go back to work making things.
  • Wishing to avoid that horror of horrors at all costs, the Boys from Beijing must hold their noses and throw another billion good dollars after bad into the pit of the US treasury.
  • ...6 more annotations...
  • Like Frodo's ring of power, the dollar can only be destroyed where it was created.
  • So when the President and the Congress reluctantly shake hands over this deal to avert disaster, understand that they have in great part only agreed to fuel the fire that has been burning down America's jobs factory for years, and thereby undermining government revenues and creating the apparent need for constant stimulus. 
  • So far, borrowing is the only way these folks of wee little imagination can see to sustain both the President's exorbitant level of spending and the Republican's stubborn pledge against tax increases.
  • The obvious solutions eludes them, which is either to stop borrowing from communist criminals and borrow at higher interest rates from Americans, or slap a significant tariff on China until they drop their currency peg and illegal trade barriers
  • The last decade of ultra low-interest rates, government stimulus efforts, and engagement with Communist China have clearly been an unmitigated disaster for the US economy.
  • Is anyone in DC listening?
  • Gary Edwards on 12 Aug 11
     
    Excellent article written by Peter Navarro and Greg Autry, authors of "Death by China: Confronting the Dragon -- A Global Call to Action". The authors explain why China MUST continue to buy US Treasuries regardless of the low rate of return and extremely high risk of default or ravage by inflation through the destruction of the dollar.  Very interesting.  But the game China is playing really looks unsustainable. The one thing the authors don't touch is the role International Banksters and their New World Corporations have played in this assault on American propserity.  I guess i have to get the book!   One last point; having worked for a Chinese Corporation desiring to enter the USA-European information technology markets, i don't doubt for a moment that Autry and Navarro have this exactly right.  We are at war, with Chicomms providing the shock troops for this latest Bankster - Bankster Corp assault on our liberty.
Gary Edwards

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

www.caseyresearch.com/editorial.php

capitalism Doug-Casey USA-bankruptcy Banksters

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

George Soros, the man who broke the Bank, sees a global meltdown - Times Online - 0 views

www.timesonline.co.uk/...article5989163.ece

financial-crisis soros obama-socialism Banksters

shared by Gary Edwards on 29 Mar 09 - Cached
  • Gary Edwards on 29 Mar 09
     
    The UK Times has a lengthy interview with George Soros, the primary financier and backer of Obama. His hatred of American Capitalism is legendary, but no one really knows what Soros-Socialism is going to be like? Anyone looking for the Obama puppet master need look no further than Soros. The question now however is that of understanding his game plan. Soros' skill has been to predict moments of seismic change by identifying a disjunction between perception and reality. RELATED LINKS Soros hints that pound has hit the bottom George Soros: Crunch will bite deeper in UK George Soros When everyone else was convinced that the markets would automatically correct themselves, the 78-year-old "old fogey", as he calls himself, was one of the few warning of recession. He put all his chips on "the Barack guy" early on when all around him were still gunning for Hillary Clinton. It's almost as if he has been waiting for the Great Recession for the past ten years. When we ask whether he prefers booms or busts, he replies: "I have to admit that actually I flourish, I'm more stimulated by the bust." This recession, he explains, is a "once-in-a-lifetime event", particularly in Britain. "This is a crisis unlike any other. It's a total collapse of the financial system with tremendous implications for everyday life. On previous occasions when you had a crisis that was threatening the system the authorities intervened and did whatever was necessary to protect the system. This time they failed."
Gary Edwards

Ron Paul Proposes Fiscal Reform Plan With Full Support of Rush Limbaugh - Daily Rush Limbaugh & Conservative Video Post - 0 views

dailyrushbo.com/plan-stolen-from-rush-limbaugh

Ron=Paul Libertarian Rush-Limbaugh Banksters Obammunism

shared by Gary Edwards on 17 Oct 11 - No Cached
  • Gary Edwards on 17 Oct 11
     
    Audio of one very incredible moment.  On the Monday Oct 17th, 2011 show, Rush Limbaugh declared his full support of the Ron Paul Fiscal Plan that includes $1 Trillion in budgetary spending cuts, bringing home the troops, and the full neutering of the EPA.
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.
Paul Merrell

Fellow soldiers call Bowe Bergdahl a deserter, not a hero - CNN.com - 0 views

www.cnn.com/...bergdahl-deserter-or-hero

war & peace MSM defamation Bergdahl

shared by Paul Merrell on 04 Jun 14 - No Cached
  • The sense of pride expressed by officials of the Obama administration at the release of Army Sgt. Bowe Bergdahl is not shared by many of those who served with him: veterans and soldiers who call him a deserter whose "selfish act" ended up costing the lives of better men.
  • Paul Merrell on 04 Jun 14
     
    I've been disgusted with American mainstream media and our political class for a very long time. Every now and then I get super-disgusted.  I'll begin with the Obama Administration. They tried to make political hay with something that should not have been made public other than notifying the released American prisoners' parents before the prisoner had been debriefed. Moreover, while I have no problems with swapping Taliban prisoners to get the American prisoner back even if it meant not giving Congress the full 30-day notice required by statute, the Administration certainly could have done a better job of it, notifying key committee members earlier that the deal might be pulled off. Waiting until the Taliban prisoners were up to the steps of the airplane bound for the exchange was not the way this should have happened. Next up, we have the members of Congress who have done their level best to turn the situation into a partisan issue. Obama may have deserved criticism given that he tried to make political hay with the release. But prisoner swaps during wartime have been a feature of most U.S. wars. It is an ancient custom of war and procedures for doing so are even enshrined in the Geneva Conventions governing warfare. So far, I have not heard any war veteran member of Congress scream about releasing terrorists. During my 2+ years in a Viet Nam combat role, the thought of being captured was horrifying. Pilots shot down over North Viet Nam were the lucky ones. No American soldier captured in South Viet Nam was ever released. The enemy was fighting a guerrilla war in the South. They had no means to confine and care for prisoners. So captured American troops were questioned for intelligence and then killed.  Truth be told, American combat troops were prone to killing enemy who surrendered. War is a very ugly situation and feelings run high. It is perhaps a testament to the Taliban that they kept Sgt. Berdahl alive. Certainly that fact clashes irreconcilably with
Paul Merrell

The good news about the 'death' of NSA reform: surveillance supporters may have dug their own grave | Trevor Timm | Comment is free | The Guardian - 0 views

www.theguardian.com/...ce-usa-freedom-act-section-215

surveillance

shared by Paul Merrell on 24 Nov 14 - No Cached
  • Snowden haters may have blocked the USA Freedom Act, but the clock is ticking before the law that justifies vacuuming your phone records blows up in the face of newly conservative Washington
  • Paul Merrell on 24 Nov 14
     
    Trevor Timm caught the hilarity of the moment. Myself, I was in full ROTFLMAO Mode when I stumbled across this priceless gem written by someone who knew enough that he should have known that he didn't know enough about the topic to write about it: "Sometime around 7:30 p.m. (EST) last night, the 17-month-long national conversation over how to reform U.S. foreign intelligence surveillance authorities effectively ended when the Senate failed to clear a crucial procedural step en route to what would otherwise have been the near-certain passage of the Senate version of the USA FREEDOM Act-the surveillance reform bill that has been in the works for well over a year. "  http://justsecurity.org/17582/snowden-affair/ He who laughs last laughs best. Get ready for the punch line, War Party! But please bend over first. 
Paul Merrell

EU Showdown: Greece Takes on the Vampire Squid | nsnbc international - 0 views

nsnbc.me/...ece-takes-on-the-vampire-squid

banksters Greece EU IMF ECB Syriza must-read

shared by Paul Merrell on 07 Jan 15 - No Cached
  • Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
  • A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout. Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long. Ireland was similarly forced into an EU bailout with painful austerity measures attached. A series of letters has recently come to light showing that the Irish government was effectively blackmailed into it, with the threat that the ECB would otherwise cut off liquidity funding to Ireland’s banks. The same sort of threat has been leveled at the Greeks, but this time they are not taking the bait.
  • The veiled threat to the Greek Parliament was in a December memo from investment bank Goldman Sachs – the same bank that was earlier blamed for inducing the Greek crisis. Rolling Stone journalist Matt Taibbi wrote colorfully of it: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.
  • ...1 more annotation...
  • Goodbye Euro? Greece can regain its sovereignty by defaulting on its debt, abandoning the ECB and the euro, and issuing its own national currency (the drachma) through its own central bank. But that would destabilize the eurozone and might end in its breakup. Will the troika take that risk? 2015 is shaping up to be an interesting year. Ellen H. Brown, Web of Debt
  • Paul Merrell on 07 Jan 15
     
    Fun! Greece looks to be about to have an Icelandic moment, defaulting on its debt and leaving the Eurozone. The Syriza party is riding a rising trend in popularity running on a sovereignty and anti-foreign bankster platform. That pleasant odor you're sniffing is the return of the drachma. This one is a must-read.    
Paul Merrell

Video: Chicago Jewish activists disrupt Rahm Emanuel, Michael Oren at Israel fundraiser | The Electronic Intifada - 0 views

electronicintifada.net/...hm-emanuel-michael-oren-israel

war & peace Israel Palestine Gaza Rahm-Emanuel Chicago fundraiser

shared by Paul Merrell on 23 Aug 14 - No Cached
  • On Thursday night activists from Jewish Voice for Peace–Chicago (JVP-Chicago) disrupted the Jewish United Fund/Jewish Federation of Chicago “Israel Emergency Campaign” fundraiser at the Chicago Hilton, which was addressed by prominent officials and an Israeli soldier. The disruptions took place as dozens of Chicagoans rallied outside calling for an end to the attack on Gaza and for Israeli war criminals to be brought to justice.
  • The video above shows two activists, Lynn Pollack and K. Émilie, standing up during a speech by Chicago Mayor Rahm Emanuel and shouting “We are Jews, Shame on You! Stop killing children now!” Emanuel stands silently while a man grabs a sign out of the activists’ hands. As the two are led out by security personnel they continue to shout their message to jeers from the audience.
  • The video then shows a similar disruption to a speech by an Israeli soldier. During that disruption an Israeli citizen called Omer, who was sitting in the audience, stood up and disrupted, shouting in Hebrew his message against Israeli war crimes and the murder of children in Gaza. Yet more activists wave a banner and disrupt as Michael Oren, the former Israeli ambassador to the United States, addresses the audience. Oren was disrupted more than once, as the video shows.
  • ...2 more annotations...
  • Dozens of members of the Chicago Palestinian community and solidarity activists rallied outside the Chicago Hilton with banners and called out slogans against Israel’s massacre in Gaza. Here’s a brief video of the scene:
  • Bill Chambers reported on some of the rally speeches in The Chicago Monitor: Outside multiple speakers emphasized the injustice of the continued assault on Gaza. Nashisha Alam from SJP-Chicago said “While they sip cocktails and raise funds for war criminals, we are here supporting the people of Palestine…They are inside listening to Michael Oren trying to justify the killing of civilians.” Kait McIntyre from the Chicago Anti-War Committee and one of the activists arrested during a recent sit-in at Boeing headquarters described the outrage that “in Chicago with the largest Palestinian community in the country, Boeing is providing weapons to Israel to kill Palestinians in Gaza.”
  • Paul Merrell on 23 Aug 14
     
    Perhaps during the ongoing slaughter in Gaza wasn't the wisest time for Mayor Rahm Emanuel to keynote an "emergency" fundraiser in support of Israel's violence. Jewish Voice for Peace activists simply had too much fun at Emanuel's expense. Even worse for Emanuel, his most embarrassing moment got fairly wide coverage in the Chicago media. 
Paul Merrell

Israel threatens to expel U.N. envoy over Qatar cash for GAZA - Al Arabiya News - 0 views

english.alarabiya.net/...over-Qatar-cash-for-GAZA-.html

war & peace Gaza Hamas Israel U.N.-envoy-expulsion

shared by Paul Merrell on 25 Jul 14 - No Cached
  • Israel's foreign minister has threatened to expel the U.N.'s special envoy for offering to help transfer Qatari funds to the Gaza Strip, Channel Two television reported. Avigdor Lieberman said Robert Serry, the world body's special envoy on the Middle East peace process, had first tried to convince the Palestinian Authority (PA) to transfer $20 million (14.7 million euros) from Qatar to resolve a pay crisis for Hamas employees in Gaza, the broadcaster reported Saturday. But after Palestinian president Mahmoud Abbas refused to do so, the rightwing ultra-nationalist Lieberman charged, Serry proposed U.N. help in making the transfer.
  • Israel's foreign minister has threatened to expel the U.N.'s special envoy for offering to help transfer Qatari funds to the Gaza Strip, Channel Two television reported. Avigdor Lieberman said Robert Serry, the world body's special envoy on the Middle East peace process, had first tried to convince the Palestinian Authority (PA) to transfer $20 million (14.7 million euros) from Qatar to resolve a pay crisis for Hamas employees in Gaza, the broadcaster reported Saturday. But after Palestinian president Mahmoud Abbas refused to do so, the rightwing ultra-nationalist Lieberman charged, Serry proposed U.N. help in making the transfer.
  • Serry rejected the allegations, saying in a statement that the Palestinian authority had approached him "informally" on the matter. "In considering any U.N. role on the issue of payments of salaries in Gaza that has potentially destabilising effects on security in Gaza, I made it clear that we would only be able to be of assistance if acceptable to all stakeholders, including Israel," he added. Israel had been kept informed of all the discussions, he insisted.
  • ...1 more annotation...
  • Lieberman told AFP he was seeking an "urgent meeting" on Sunday about the row in which Israeli television reported the foreign minister would propose that Serry be declared persona non grata in Israel. "We look upon Robert Serry's behaviour with the utmost seriousness, and strong measures will be imposed," Israeli foreign ministry spokesman Yigal Palmor told AFP. "The foreign ministry issues diplomatic visas and can also withdraw them," he added.
  • Paul Merrell on 25 Jul 14
     
    For many years, Israel has taxed Gaza residents, then paid the Gaza government the collected taxes. But Israel began reducing the payments then finally cut it off entirely. Doctors and medical staff in Gaza have had no pay for five months and had been on half-pay for eight months prior to that. Before the rockets began flying, medical supplies and equipment in Gaza were already severely depleted.  Qatar wants to send Gaza $20 million so the Gaza government employees can be paid. Now Israel threatens to expel the special U.N. envoy for the Mideast Peace Process because he offered to transfer the funds.  The Israeli hubris explodes in faux anger. Not a bright move because Gaza and the West Bank are classified as Occupied Territories Israel under the Fourth Geneva Convention. As the occupying power, Israel is required to maintain the elected Gaza government and is responsible for the well being of all Gaza residents. But Israel has been ignoring U.N. decisions including Security Council decisions from the moment the Israeli government was formed in 1948.   Making an enemy of the international human rights officials will prove doubly dumb when Israeli officials are inevitably seated in the dock of the International Criminal Court facing charges for war crimes, crimes against peace, and crimes against humanity. Human rights lawyers and judges pull no punches.   
Paul Merrell

At least 81 nationalities are fighting in Syria - The Washington Post - 0 views

www.washingtonpost.com/...nalities-are-fighting-in-syria

war & peace Syria ISIL fear-mongering politics of fear propaganda

shared by Paul Merrell on 01 Sep 14 - No Cached
  • The Soufan Group, a New York-based intelligence firm, estimated in June that there were at least 12,000 foreign fighters from 81 countries in the Syrian conflict, including some 3,000 European nationals. Given the Islamic State's ascendance — and its slick online recruitment operation — it's probable that the bulk of the Western militants are in its ranks. The Economist published a handy graphic of the breakdown this week:
  • Paul Merrell on 01 Sep 14
     
    And of course that means we should spend our waking hours quaking in fear that some of them return to whence they came, rig themselves up with high explosives, then blow themselves and everyone around them sky-high wherever you and I happen to be located at any given moment. Fagh! Politics of fear fear-mongering. Now let's enumerate the civil liberties that will be extinguished because of this looming threat. "... the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country." -- Hermann Goering, http://www.snopes.com/quotes/goering.asp 
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