Skip to main content

Home/ Socialism and the End of the American Dream/ Group items matching "problems" in title, tags, annotations or url

Group items matching
in title, tags, annotations or url

Sort By: Relevance | Date Filter: All | Bookmarks | Topics Simple Middle
7More

Anne-Marie Slaughter on how US intervention in the Syrian civil war would alter Vladimi... - 0 views

  • Anne-Marie Slaughter, a former director of policy planning in the US State Department (2009-2011), is President and CEO of the New America Foundation and Professor Emerita of Politics and International Affairs at Princeton University.
  • The solution to the crisis in Ukraine lies in part in Syria. It is time for US President Barack Obama to demonstrate that he can order the offensive use of force in circumstances other than secret drone attacks or covert operations. The result will change the strategic calculus not only in Damascus, but also in Moscow, not to mention Beijing and Tokyo.CommentsView/Create comment on this paragraphMany argue that Obama’s climb-down from his threatened missile strikes against Syria last August emboldened Russian President Vladimir Putin to annex Crimea. But it is more likely that Putin acted for domestic reasons – to distract Russians’ attention from their country’s failing economy and to salve the humiliation of watching pro-European demonstrators oust the Ukrainian government he backed.CommentsView/Create comment on this paragraphRegardless of Putin’s initial motivations, he is now operating in an environment in which he is quite certain of the parameters of play. He is weighing the value of further dismemberment of Ukraine, with some pieces either joining Russia or becoming Russian vassal states, against the pain of much stronger and more comprehensive economic sanctions. Western use of force, other than to send arms to a fairly hapless Ukrainian army, is not part of the equation.CommentsView/Create comment on this paragraphThat is a problem. In the case of Syria, the US, the world’s largest and most flexible military power, has chosen to negotiate with its hands tied behind its back for more than three years. This is no less of a mistake in the case of Russia, with a leader like Putin who measures himself and his fellow leaders in terms of crude machismo.
  • It is time to change Putin’s calculations, and Syria is the place to do it. Through a combination of mortars that shatter entire city quarters, starvation, hypothermia, and now barrel bombs that spray nails and shrapnel indiscriminately, President Bashar al-Assad’s forces have seized the advantage. Slowly but surely, the government is reclaiming rebel-held territory.CommentsView/Create comment on this paragraph“Realist” foreign policy analysts openly describe Assad as the lesser evil compared to the Al Qaeda-affiliated members of the opposition; others see an advantage in letting all sides fight it out, tying one another down for years. Moreover, the Syrian government does appear to be slowly giving up its chemical weapons, as it agreed last September to do.CommentsView/Create comment on this paragraphThe problem is that if Assad continues to believe that he can do anything to his people except kill them with chemicals, he will exterminate his opponents, slaughtering everyone he captures and punishing entire communities, just as his father, Hafez al-Assad, massacred the residents of Hama in 1982. He has demonstrated repeatedly that he is cut from the same ruthless cloth.CommentsView/Create comment on this paragraphSince the beginning of the Syrian conflict, Assad has fanned fears of what Sunni opposition forces might do to the Alawites, Druze, Christians and other minorities if they won. But we need not speculate about Assad’s behavior. We have seen enough.
  • ...3 more annotations...
  • A US strike against the Syrian government now would change the entire dynamic. It would either force the regime back to the negotiating table with a genuine intention of reaching a settlement, or at least make it clear that Assad will not have a free hand in re-establishing his rule.CommentsView/Create comment on this paragraphIt is impossible to strike Syria legally so long as Russia sits on the United Nations Security Council, given its ability to veto any resolution authorizing the use of force. But even Russia agreed in February to Resolution 2139, designed to compel the Syrian government to increase flows of humanitarian aid to starving and wounded civilians. Among other things, Resolution 2139 requires that “all parties immediately cease all attacks against civilians, as well as the indiscriminate employment of weapons in populated areas, including shelling and aerial bombardment, such as the use of barrel bombs….”CommentsView/Create comment on this paragraphThe US, together with as many countries as will cooperate, could use force to eliminate Syria’s fixed-wing aircraft as a first step toward enforcing Resolution 2139. “Aerial bombardment” would still likely continue via helicopter, but such a strike would announce immediately that the game has changed. After the strike, the US, France, and Britain should ask for the Security Council’s approval of the action taken, as they did after NATO’s intervention in Kosovo in 1999.
  • Equally important, shots fired by the US in Syria will echo loudly in Russia. The great irony is that Putin is now seeking to do in Ukraine exactly what Assad has done so successfully: portray a legitimate political opposition as a gang of thugs and terrorists, while relying on provocations and lies to turn non-violent protest into violent attacks that then justify an armed response.CommentsView/Create comment on this paragraphRecall that the Syrian opposition marched peacefully under fire for six months before the first units of the Free Syrian Army tentatively began to form. In Ukraine, Putin would be happy to turn a peaceful opposition’s ouster of a corrupt government into a civil war.CommentsView/Create comment on this paragraphPutin may believe, as Western powers have repeatedly told their own citizens, that NATO forces will never risk the possibility of nuclear war by deploying in Ukraine. Perhaps not. But the Russian forces destabilizing eastern Ukraine wear no insignia. Mystery soldiers can fight on both sides.CommentsView/Create comment on this paragraphPutting force on the table in resolving the Ukraine crisis, even force used in Syria, is particularly important because economic pressure on Russia, as critical as it is in the Western portfolio of responses, can create a perverse incentive for Putin. As the Russian ruble falls and foreign investment dries up, the Russian population will become restive, giving him even more reason to distract them with patriotic spectacles welcoming still more “Russians” back to the motherland.
  • Obama took office with the aim of ending wars, not starting them. But if the US meets bullets with words, tyrants will draw their own conclusions. So will allies; Japan, for example, is now wondering how the US will respond should China manufacture a crisis over the disputed Senkaku Islands.CommentsView/Create comment on this paragraphTo lead effectively, in both the national and the global interest, the US must demonstrate its readiness to shoulder the full responsibilities of power. Striking Syria might not end the civil war there, but it could prevent the eruption of a new one in Ukraine.
  •  
    The author was Hillary Clinton's director of policy planning at the State Dept. She still serves on State's foreign policy advisory board and is well-positioned at the very center of the U.S. War Party. https://en.wikipedia.org/wiki/Anne-Marie_Slaughter#Other_policy.2C_public.2C_and_corporate_activities It's a given that she would likely be back in government should Hillary win Auction 2016. To say that the lady is a hawk after reading this article would be a gross understatement. 
2More

M of A - Ukraine: Kerry Urging For "Evidence" Of Russian Involvement - 0 views

  • Somewhat funny. April 8 - U.S. and NATO Warn Russia Against Further Intervention in Ukraine Secretary of State John Kerry accused the Kremlin of fomenting the unrest, calling the protests the work of saboteurs whose machinations were as “ham-handed as they are transparent.” Speaking to the Senate Foreign Relations Committee, he added: “No one should be fooled — and believe me, no one is fooled — by what could potentially be a contrived pretext for military intervention just as we saw in Crimea. It is clear that Russian special forces and agents have been the catalysts behind the chaos of the last 24 hours.” Russia (recommended reading) QUESTION: But, Mr President, the United States and the White House claim they have evidence that Russia intervened in the conflict, sent its troops and supplied weapons. They claim they have proof. Do you believe that? VLADIMIR PUTIN: Proof? Why don’t they show it? "Any evidence?" ... June 5 - Obama, Seeking Unity on Russia, Meets Obstacles Secretary of State John Kerry also spent time talking with Mr. Poroshenko, privately urging him to provide evidence of Russian involvement with separatists with which to confront Russian officials. What a lying piece of shit.
  •  
    In related news, the U.S. State Department today awarded a no-bid contract for rapid construction of a specially-designed climate-controlled evidence vault to stem its problems with evaporating evidence. 
6More

Pentagon preparing for mass civil breakdown | Nafeez Ahmed | Environment | theguardian.com - 0 views

  • A US Department of Defense (DoD) research programme is funding universities to model the dynamics, risks and tipping points for large-scale civil unrest across the world, under the supervision of various US military agencies. The multi-million dollar programme is designed to develop immediate and long-term "warfighter-relevant insights" for senior officials and decision makers in "the defense policy community," and to inform policy implemented by "combatant commands." Launched in 2008 – the year of the global banking crisis – the DoD 'Minerva Research Initiative' partners with universities "to improve DoD's basic understanding of the social, cultural, behavioral, and political forces that shape regions of the world of strategic importance to the US."
  • According to Prof David Price, a cultural anthropologist at St Martin's University in Washington DC and author of Weaponizing Anthropology: Social Science in Service of the Militarized State, "when you looked at the individual bits of many of these projects they sort of looked like normal social science, textual analysis, historical research, and so on, but when you added these bits up they all shared themes of legibility with all the distortions of over-simplification. Minerva is farming out the piece-work of empire in ways that can allow individuals to disassociate their individual contributions from the larger project."Prof Price has previously exposed how the Pentagon's Human Terrain Systems (HTS) programme - designed to embed social scientists in military field operations - routinely conducted training scenarios set in regions "within the United States." Citing a summary critique of the programme sent to HTS directors by a former employee, Price reported that the HTS training scenarios "adapted COIN [counterinsurgency] for Afghanistan/Iraq" to domestic situations "in the USA where the local population was seen from the military perspective as threatening the established balance of power and influence, and challenging law and order."
  • Last year, the DoD's Minerva Initiative funded a project to determine 'Who Does Not Become a Terrorist, and Why?' which, however, conflates peaceful activists with "supporters of political violence" who are different from terrorists only in that they do not embark on "armed militancy" themselves. The project explicitly sets out to study non-violent activists
  • ...3 more annotations...
  • Twitter posts and conversations will be examined "to identify individuals mobilised in a social contagion and when they become mobilised."
  • One war-game, said Price, involved environmental activists protesting pollution from a coal-fired plant near Missouri, some of whom were members of the well-known environmental NGO Sierra Club. Participants were tasked to "identify those who were 'problem-solvers' and those who were 'problem-causers,' and the rest of the population whom would be the target of the information operations to move their Center of Gravity toward that set of viewpoints and values which was the 'desired end-state' of the military's strategy."Such war-games are consistent with a raft of Pentagon planning documents which suggest that National Security Agency (NSA) mass surveillance is partially motivated to prepare for the destabilising impact of coming environmental, energy and economic shocks.
  • Minerva is a prime example of the deeply narrow-minded and self-defeating nature of military ideology. Worse still, the unwillingness of DoD officials to answer the most basic questions is symptomatic of a simple fact – in their unswerving mission to defend an increasingly unpopular global system serving the interests of a tiny minority, security agencies have no qualms about painting the rest of us as potential terrorists.
4More

ISTANBUL: Iraq unraveling as top Shiite cleric issues call to arms - World Wires - Miam... - 0 views

  • The likely breakup of Iraq into feuding ethnic and sectarian bastions accelerated Friday as Iraq’s senior Shiite Muslim cleric broke years of support for the central government and decreed that every able-bodied Shiite man had a religious obligation to defend the sect’s holy sites from rebellious Sunni Muslims led by fighters from the extremist Islamic State of Iraq and Syria.In answer to the call, thousands of Shiites _ many with militia experience from the sectarian war that pitted Sunnis against Shiites and killed thousands from 2006 to 2008 _ flooded the cities of Baghdad, Najaf and Karbala to receive weapons, enlist in organized units and receive their orders.
  • Hours later, President Barack Obama made it clear that the United States was unwilling to commit itself to the defense of a government that had been unable to resolve Iraq’s ethnic and sectarian differences. “We're not going to allow ourselves to be dragged back into a situation in which, while we're there, we're keeping a lid on things, and after enormous sacrifices by us, as soon as we're not there, suddenly people end up acting in ways that are not conducive to the long-term stability and prosperity of the country,” Obama said.With Sunni Islamists in control of much of the north and west, Kurds expanding their control of the long-contested Kirkuk region and Shiites gathering for sectarian war, the likelihood of any accommodation seemed remote. Emma Sky, a fellow at Yale University who advised U.S. forces in Iraq until 2010, called the events “the slow death” of the Iraqi state in an interview with McClatchy.
  • Iranian and Iraqi news organizations were filled with reports that the commander of the Iranian Revolutionary Guard Corps’ al Quds Force, the cross between an intelligence agency and special forces that’s often deployed to pursue Iranian foreign and security policy, had arrived in Baghdad to direct the fight against ISIS after four days that saw the army crumble.Iranian Gen. Qassem Suleimani was, according to numerous credible reports, said to be directing the defenses of Baghdad personally. Suleimani, a well-known figure in Middle East security circles, is said to control Iranian operations in Iraq, Syria, Lebanon and the Gaza Strip. Supporters of Iran often credit him with devising the strategy that’s salvaged the Syrian government of President Bashar Assad during the past year of civil war there.On Friday, CNN reported that a senior Iraqi official had said that as many as 500 troops from the al Quds Force had begun arriving to help protect Baghdad. CNN said the official had said the Iranians would be deployed to Diyala province, a mixed Sunni and Shiite area, where their presence would generate less anger than in the mostly Sunni areas now under ISIS control.A former European intelligence official, who runs a consultancy in the region and regularly deals with Iranian government representatives in the Persian Gulf and Afghanistan, said in an interview that he expected any Iranian troops sent to Iraq would augment what was already a robust covert presence.
  • ...1 more annotation...
  • “Hajj Qassem does not get taken by surprise, not next door to his own country,” the consultant said, asking that his own name not be used on such a sensitive subject. “Hajj” is an Islamic honorific. The consultant said he suspected that ISIS’s rapid advance hadn’t surprised the Iranians. “I’ve been hearing about the problems with ISIS in the desert outside Mosul for a year and have been told the Iranians were warning Maliki about this,” he said.The claim that the government of Prime Minister Nouri al Maliki had had ample warning of a serious problem, beyond the loss of the western desert of al Anbar nearly six months ago, also was made by a top security official of the peshmerga, the Kurdish militia.
1More

The Fake Terror Threat Used To Justify Bombing Syria - The Intercept - 0 views

  • As the Obama Administration prepared to bomb Syria without congressional or U.N. authorization, it faced two problems. The first was the difficulty of sustaining public support for a new years-long war against ISIS, a group that clearly posed no imminent threat to the “homeland.” A second was the lack of legal justification for launching a new bombing campaign with no viable claim of self-defense or U.N. approval. The solution to both problems was found in the wholesale concoction of a brand new terror threat that was branded “The Khorasan Group.” After spending weeks depicting ISIS as an unprecedented threat — too radical even for Al Qaeda! — administration officials suddenly began spoon-feeding their favorite media organizations and national security journalists tales of a secret group that was even scarier and more threatening than ISIS, one that posed a direct and immediate threat to the American Homeland. Seemingly out of nowhere, a new terror group was created in media lore.
14More

Blocking a 'Realist' Strategy on the Mideast | Consortiumnews - 0 views

  • Official Washington’s influential neocons appear back in the driver’s seat steering U.S. policy in the Middle East toward a wider conflict in Syria and away from a “realist” alternative that sought a Putin-Obama collaboration to resolve the region’s crises more peacefully, reports Robert Parry.
  • There’s also the other finicky little problem that the action of arming and training rebels and unleashing them against a sovereign state is an act of aggression (if not terrorism depending on what they do), similar to what U.S. officials have piously condemned the Russians of doing in Ukraine. But this hypocrisy is never acknowledged either by U.S. policymakers or the mainstream U.S. press, which has gone into Cold War hysterics over Moscow’s alleged support for embattled ethnic Russians in eastern Ukraine on Russia’s border — while demanding that Obama expand support for Syrian rebels halfway around the world, even though many of those “moderates” have allied themselves with al-Qaeda terrorists.
  • Though it’s been known for quite awhile that the Syrian civil war had degenerated into a sectarian conflict with mostly Sunni rebels battling the Alawites, Shiites, Christians and other minorities who form the base of support for Assad, the fiction has been maintained in Washington that a viable and secular “moderate opposition” to Assad still exists. The reality on the ground says otherwise. For instance, in Friday’s New York Times, an article by correspondent Ben Hubbard described the supposed Syrian “moderates” who are receiving CIA support as “a beleaguered lot, far from becoming a force that can take on the fanatical and seasoned fighters of the Islamic State.” But the situation is arguably worse than just the weakness of these “moderates.” According to Hubbard’s reporting, some of these U.S.-backed fighters “acknowledge that battlefield necessity had put them in the trenches with the Nusra Front, Al Qaeda’s Syrian affiliate, an issue of obvious concern for the United States. …
  • ...10 more annotations...
  • “Lt. Col. Fares al-Bayyoush, the former aviation engineer who now heads the Fursan al-Haq Brigade, acknowledged that his men had fought alongside the Nusra Front because they needed all the help they could get. “Sometimes, he said, that help comes in forms only a jihadi group can provide. He cited the rebel takeover of the northern town of Khan Sheikhoun, saying that the rebels were unable to take out one government position until the Nusra Front sent a suicide bomber to blow it up. In another town nearby, Nusra sent four bombers, including an American citizen. “‘We encourage them actually,’ Mr. Bayyoush said with a laugh. ‘And if they need vehicles, we provide them’.”
  • The “moderate” rebels also don’t share President Obama’s priority of carrying the fight to the Islamic State militants, reported Hubbard, “ousting Mr. Assad remains their primary goal.” This dilemma of the mixed allegiances of the “moderates” has been apparent for at least the past year. Last September, many of the previously hailed Syrian “moderate” rebels unveiled themselves to be Islamists who repudiated the U.S.-backed political opposition and allied themselves with al-Qaeda’s al-Nusra Front. [See Consortiumnews.com’s “Syrian Rebels Embrace Al-Qaeda.”] In other words, the just-approved congressional action opening the floodgates to hundreds of millions of dollars more in military aid to Syrian “moderates” could actually contribute to al-Qaeda’s Syrian affiliate gaining control of Syria, which could create a far greater threat to U.S. national security than the consolidation of the Islamic State inside territory of Syria and Iraq.
  • While the Islamic State brandishes its brutality as a gruesome tactic for driving Western interests out of the Middle East, it has shown no particular interest in taking its battle into the West. By contrast, al-Qaeda follows a conscious strategy of inflicting terrorist attacks on the West as part of a long-term plan to wreck the economies of the United States and Europe. Thus, Obama’s hastily approved strategy for investing more in Syrian “moderates” – if it allows a continued spillover of U.S. military equipment to al-Nusra – could increase the chances of creating a base for international terrorism in Damascus at the heart of the Middle East. That would surely prompt demands for a reintroduction of U.S. ground troops into the region.
  • There are also obvious alternatives to following such a self-destructive course, although they would require Obama and much of Official Washington to climb down from their collective high horses and deal with such demonized leaders as Syria’s Assad and Russian President Vladimir Putin, not to mention Iran. A “realist” strategy would seek out a realistic political solution to the Syrian conflict, which would mean accepting the continuation of Assad’s rule, at least for the near term, as part of a coalition government that would offer stronger Sunni representation. This unity government could then focus on eliminating remaining pockets of al-Qaeda and Islamic State resistance before holding new elections across as much of the country as possible.
  • As part of this strategy to weaken these Islamic extremists, the United States and the European Union would have to crack down on the militants’ funding sources in Saudi Arabia and the Persian Gulf, as touchy as that can be with the Saudis holding such influence over the U.S. economy. But Obama could start the process of facing down Saudi blackmail by declassifying the secret section of the 9/11 Report which reportedly describes Saudi financing of al-Qaeda before the 9/11 attacks. I’m told that U.S. intelligence now has a clear picture of which Saudi princes are providing money to Islamist terrorists. So, instead of simply sending drones and warplanes after youthful jihadist warriors, the Obama administration might find it more useful to shut down these funders, perhaps nominating these princes as candidates for the U.S. “capture or kill list.”
  • To get Assad fully onboard for the necessary concessions to his Sunni opponents, the Russians could prove extremely valuable. According to a source briefed on recent developments, Russian intelligence already has served as a go-between for U.S. intelligence to secure Assad’s acceptance of Obama’s plan to send warplanes into parts of Syrian territory to attack Islamic State targets. The Russians also proved helpful a year ago in getting Assad to surrender his chemical weapons arsenal to defuse a U.S. threat to begin bombing Assad’s military in retaliation for a Sarin gas attack outside Damascus on Aug. 21, 2013. Although Assad denied involvement – and subsequent evidence pointed more toward a provocation by rebel extremists – Putin’s intervention gave Obama a major foreign policy success without a U.S. military strike. That intervention, however, infuriated Syrian rebels who had planned to time a military offensive with the U.S. bombing campaign, hoping to topple Assad’s government and take power in Damascus. America’s influential neoconservatives and their “liberal interventionist” allies – along with Israeli officials – were also livid, all eager for another U.S.-backed “regime change” in the Middle East.
  • Putin thus made himself an inviting neocon target. By the end of last September, American neocons were taking aim at Ukraine as a key vulnerability for Putin. A leading neocon, Carl Gershman, president of the U.S.-government-funded National Endowment for Democracy, took to the op-ed pages of the neocon Washington Post to identify Ukraine as “the biggest prize” and explain how its targeting could undermine Putin’s political standing inside Russia. “Ukraine’s choice to join Europe will accelerate the demise of the ideology of Russian imperialism that Putin represents,” Gershman wrote. “Russians, too, face a choice, and Putin may find himself on the losing end not just in the near abroad but within Russia itself.” At the time, Gershman’s NED was funding scores of political and media projects inside Ukraine. What followed in Ukraine had all the earmarks of a U.S. destabilization campaign against Putin’s ally, the elected President Viktor Yanukovych.
  • Then, with U.S. officialdom and the mainstream U.S. press engaging in an orgy of Cold War-style propaganda, Putin was demonized as a new Hitler expanding territory by force. Anyone who knew the facts recognized that Putin had actually been trying to maintain the status quo, i.e., sustain the Yanukovych government until the next election, and it was the West that had thrown the first punch. But Washington’s new “group think” was that Putin instigated the Ukraine crisis so he could reclaim lost territory of the Russian empire. President Obama seemed caught off-guard by the Ukraine crisis, but was soon swept up in the West’s Putin/Russia bashing. He joined in the hysteria despite the damage that the Ukraine confrontation was inflicting on Obama’s own hopes of working with Putin to resolve other Middle East problems.
  • Thus, the initial victory went to the neocons who had astutely recognized that the emerging Putin-Obama collaboration represented a serious threat to their continued plans for “regime change” across the Middle East. Not only had Putin helped Obama head off the military strike on Syria, but Putin assisted in getting Iran to agree to limits on its nuclear program. That meant the neocon desire for more “shock and awe” bombing in Syria and Iran had to be further postponed. The Putin-Obama cooperation might have presented an even greater threat to neocon plans if the two leaders could have teamed up to pressure Israeli Prime Minister Benjamin Netanyahu to finally reach a reasonable agreement with the Palestinians. At the center of the neocons’ strategy at least since the mid-1990s has been the idea that “regime change” in Middle East governments hostile to Israel would eventually starve Israel’s close-in enemies, such as Lebanon’s Hezbollah and Palestine’s Hamas, of support and free Israel’s hand to do what it wanted with the Palestinians. [See Consortiumnews.com’s “The Mysterious Why of the Iraq War.”]
  • The Putin-Obama collaboration – if allowed to mature – could have derailed that core neocon strategy and denied Israel the unilateral power to decide the Palestinians’ fate. But the Ukraine crisis – and now the plan to pour a half-billion dollars into the Syrian rebels fighting Assad – have put the neocon strategy back on track. The next question is whether Obama and whatever “realists” remain in Official Washington have the will and the determination to reclaim control of the Middle East policy train and take it in a different direction.
  •  
    Robert Parry takes a break from the nuts and bolts of U.S. foreign proxy wars, steps back, and provides a broader view of what is happening to the balance of power within the Obama administration, and sees the neocons as regaining lost influence.
7More

The secret corporate takeover of trade agreements | Business | The Guardian - 0 views

  • The US and the world are engaged in a great debate about new trade agreements. Such pacts used to be called free-trade agreements; in fact, they were managed trade agreements, tailored to corporate interests, largely in the US and the EU. Today, such deals are more often referred to as partnerships, as in the Trans-Pacific Partnership (TPP). But they are not partnerships of equals: the US effectively dictates the terms. Fortunately, America’s “partners” are becoming increasingly resistant. It is not hard to see why. These agreements go well beyond trade, governing investment and intellectual property as well, imposing fundamental changes to countries’ legal, judicial, and regulatory frameworks, without input or accountability through democratic institutions. Perhaps the most invidious – and most dishonest – part of such agreements concerns investor protection. Of course, investors have to be protected against rogue governments seizing their property. But that is not what these provisions are about. There have been very few expropriations in recent decades, and investors who want to protect themselves can buy insurance from the Multilateral Investment Guarantee Agency, a World Bank affiliate, and the US and other governments provide similar insurance. Nonetheless, the US is demanding such provisions in the TPP, even though many of its partners have property protections and judicial systems that are as good as its own.
  • The real intent of these provisions is to impede health, environmental, safety, and, yes, even financial regulations meant to protect America’s own economy and citizens. Companies can sue governments for full compensation for any reduction in their future expected profits resulting from regulatory changes. This is not just a theoretical possibility. Philip Morris is suing Uruguay and Australia for requiring warning labels on cigarettes. Admittedly, both countries went a little further than the US, mandating the inclusion of graphic images showing the consequences of cigarette smoking. The labeling is working. It is discouraging smoking. So now Philip Morris is demanding to be compensated for lost profits. In the future, if we discover that some other product causes health problems (think of asbestos), rather than facing lawsuits for the costs imposed on us, the manufacturer could sue governments for restraining them from killing more people. The same thing could happen if our governments impose more stringent regulations to protect us from the impact of greenhouse gas emissions.
  • When I chaired Bill Clinton’s council of economic advisers, when he was president, anti-environmentalists tried to enact a similar provision, called “regulatory takings”. They knew that once enacted, regulations would be brought to a halt, simply because government could not afford to pay the compensation. Fortunately, we succeeded in beating back the initiative, both in the courts and in the US Congress. But now the same groups are attempting an end run around democratic processes by inserting such provisions in trade bills, the contents of which are being kept largely secret from the public (but not from the corporations that are pushing for them). It is only from leaks, and from talking to government officials who seem more committed to democratic processes, that we know what is happening.
  • ...3 more annotations...
  • Fundamental to America’s system of government is an impartial public judiciary, with legal standards built up over the decades, based on principles of transparency, precedent, and the opportunity to appeal unfavourable decisions. All of this is being set aside, as the new agreements call for private, non-transparent, and very expensive arbitration. Moreover, this arrangement is often rife with conflicts of interest; for example, arbitrators may be a judge in one case and an advocate in a related case. The proceedings are so expensive that Uruguay has had to turn to Michael Bloomberg and other wealthy Americans committed to health to defend itself against Philip Morris. And, though corporations can bring suit, others cannot. If there is a violation of other commitments – on labour and environmental standards, for example – citizens, unions, and civil society groups have no recourse. If there ever was a one-sided dispute-resolution mechanism that violates basic principles, this is it. That is why I joined leading US legal experts, including from Harvard, Yale, and Berkeley, in writing a letter to Barack Obama explaining how damaging to our system of justice these agreements are.
  • American supporters of such agreements point out that the US has been sued only a few times so far, and has not lost a case. Corporations, however, are just learning how to use these agreements to their advantage. And high-priced corporate lawyers in the US, Europe and Japan will likely outmatch the underpaid government lawyers attempting to defend the public interest. Worse still, corporations in advanced countries can create subsidiaries in member countries through which to invest back home, and then sue, giving them a new channel to bloc regulations. If there were a need for better property protection, and if this private, expensive dispute-resolution mechanism were superior to a public judiciary, we should be changing the law not just for well heeled foreign companies but also for our own citizens and small businesses. But there has been no suggestion that this is the case.
  • Rules and regulations determine the kind of economy and society in which people live. They affect relative bargaining power, with important implications for inequality, a growing problem around the world. The question is whether we should allow rich corporations to use provisions hidden in so-called trade agreements to dictate how we will live in the 21st century. I hope citizens in the US, Europe and the Pacific answer with a resounding no. Joseph Stiglitz, a Nobel laureate in economics, is a professor at Columbia University. His most recent book, co-authored with Bruce Greenwald, is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress
  •  
    Economist Joseph Stiglitz takes on the TPP (Trans Pacific Partnership) trade agreement, explaining how corporations will use the agreement to side step environmental and regulatory laws of sovereign nations. Amazing stuff. No doubt Wall Street Money is behind these trade agreement. The Banksters are said to own over 40% of the world's corporations and these agreements are designed to establish corporate sovereignty while greatly diminishing state sovereignty. It's the New World Order. "Terms such as 'investor' and 'partner' are taking on new meanings as multinationals manipulate deals to take legal action against sovereign states"
6More

The Thorium Powered Car - EPautos - 0 views

  • An internal combustion can burn gas and CNG (or propane). All that was necessary to allow the switch from one fuel to another was some additional plumbing and calibration of the car’s ECU (the computer that makes air-fuel ratio adjustments and so on). So, no worries about running empty – and no waiting for hours to refuel. Three, CNG was (is) cheap and burns very cleanly and is massively abundant right here in the U.S.  At a stroke, the three major charges leveled against the pure-gasoline-burning car are vacated. The CNG car hardly pollutes and it greatly reduces and potentially eliminates dependence on “foreign” oil. Also, the cost of the CNG car itself was within reason because no uber-elaborate technology was necessary (unlike electric cars and hybrid electric cars). Just some modifications to an existing car. Sure, there were some issues to be sorted out – the big one being making it easy (and safe) for the average person to refill the CNG tanks. But the technology of the car itself worked – and was economic.
  • So why wasn’t it developed? Perhaps precisely because it did work – and was economic. People could drive big – and powerful cars. At a reasonable cost. Well, they could have.
  • Here’s another, more recent one: The thorium-turbine powered car. Heat energy from the thorium – a weakly radioactive element (named after the Norse god Thor) that is estimated to be 3-4 times more naturally abundant than uranium and which contains 20 million times the energy as an equivalent lump of coal – is used to generate steam, which is then used to power a small turbine, which provides the motive force. The beauty of the system is that – like a nuclear submarine – the fuel lasts almost forever. Well, longer than you will last, probably. How’s 100 years sound? No more stopping for “gas”… ever. This alone would make current IC cars seem as wasteful of time (and energy) as current IC cars make electric cars look wasteful of time and energy. But wait, there’s more.
  • ...2 more annotations...
  • Well, less. No emissions at all. Because nothing’s being burned, there’s no exhaust. Water to steam, expansion and contraction – and back again. Closed (and clean) loop. The Algoreans ought to be ecstatic. Yet there is dead silence. You can hear the crickets chirping. Is it because thorium is radioactive? The word is third rail to scientifically illiterate homo Americanus – who fears it in the same way a savage fears the voices coming out of the Talk Box (radio). The mere mention of the word is sufficient to incite a panic. It’s why the nuclear power grid is dead in the water; or rather, as old as a Betamax copy of Saturday Night Fever. But it’s not even the same thing. Thorium is mildly radioactive. Dr. Charles Stevens, CEO of Laser Power Systems – which is developing the technology, or at least, trying to – says: “The radiation can be shielded by a single sheet of aluminum foil.” 
  • Bear in mind that gasoline is a highly volatile, highly explosive liquid fuel. But most of us do not sweat having 15 or so gallons of the stuff sloshing around in our cars, because we’re used to it. Because we know the gas tank is well-protected and not likely to burst into flames. It could happen, sure. But the individual risk is very small – just as the individual risk posed by a thorium-turbine car’s low-level radioactivity is small. Well, would be. If such cars were to be produced. But, it doesn’t look like they will be. Stevens told Mashable that “the automakers don’t want to buy them” – so his company is focusing on other applications of the technology, including an air conditioner-size unit that could power an entire restaurant or hotel, eliminating the need for grid electricity. This ought to please the Algoreans, too – since the electric grid is powered mostly by coal and oil-fired utility plants. But, again, crickets. It kind of makes you wonder, doesn’t it?
  •  
    "Why is it that alternative technologies that clearly do not work -  which are so gimped by functional and economic problems as to be not-viable on the market absent huge subsidies and even then, it's hard to give them away - continue to receive seemingly endless financial and political support … while technologies that actually might work better than current internal combustion engine technology can't seem to get any traction at all? Electric cars are hopeless. For more than a century now, generations of engineers have tried - and, so far, failed - to develop a battery that will endow an electric car with the range and reasonable recharge times necessary for everyday-driver viability… at a cost (not subsidized) that would make such a car a better choice, economically speaking, than an otherwise comparable gasoline (or diesel) powered car. Billions of dollars, probably, have been thrown at the electric car and - so far - no major technological improvement over a 1906 Baker Landolet. Meanwhile, whatever happened to the natural gas-burning car? Back in the mid-'90s, both Ford and GM built - and actually sold - natural-gas (CNG) fueled cars. Several things about them were interesting. One, they were big cars. Ford sold a CNG version of its six-passenger/full-size Crown Vic; GM sold a CNG version of the Vic's primary competition - the Chevy Caprice. Part of the reason for going with the big car as the platform was the need for a big trunk to house the CNG tank (and still have some trunk space left for people's things). But the take-home point was that you got a nice big family car - with a V8 engine - rather than a scrunched up subcompact. Two, they were practical. No range issue, because you had plenty (150-plus) on the CNG and the distance you could drive was not affected by the outside temperature or greatly reduced if you ran accessories like the AC and headlights, as it is in electric cars. And besides, when the C
6More

M of A - Obama and Putin Agreed To Screw Erdogan? - 0 views

  • It's official! The New York Times finally admits that the "CIA rebels" in Syria who received tons of TOW anti-tank missiles are working under the field command of al-Qaeda/Jabhat al Nusra: Rebel commanders scoffed when asked about reports of the delivery of 500 TOWs from Saudi Arabia, saying it was an insignificant number compared with what is available. Saudi Arabia in 2013 ordered more than 13,000 of them. Given that American weapons contracts require disclosure of the “end user,” insurgents said they were being delivered with Washington’s approval. But, be assured, because these "CIA rebels" feel bad about it, they are still "moderate" or somewhat "relative moderate". Advancing alongside the Islamist groups, and sometimes aiding them, have been several of the relatively secular groups, like the Free Syrian Army, which have gained new prominence and status because of their access to the TOWs. ... It is a tactical alliance that Free Syrian Army commanders describe as an uncomfortable marriage of necessity, because they cannot operate without the consent of the larger and stronger Nusra Front. But Mr. Assad and his allies cite the arrangement as proof that there is little difference between insurgent groups, calling them all terrorists that are legitimate targets.
  • That these "relative secular" al-Qaeda auxiliaries are threatening suicide attacks against Russians only confirms their secularism. Judging from the reader comments to that NYT piece the U.S. people are pretty aghast about this now openly admitted cooperation. They, and a realist op-ed in the NYT, call for cooperation with Russia and the Syrian government. There may already be more cooperation between Russia and the U.S. than we can see. At least that is what the Turkish President Erdogan perceives. Yesterday the U.S. dropped 50 tons of small weapons and munition to Kurdish fighters in north east Syria. According the U.S. justification for this those Kurds along with some Arab Syrian tribals are supposed to attack the Islamic State in Raqqa. (Those Arab tribals are by the way just a bunch of worthless thieves. This according to the Voice of America(!).) But the Kurds do not seem to know about those Raqqa plans anyway. They have different aims:
  • U.S. officials hope the YPG will now turn its attention to Raqqa, the Syrian city that is the defacto capital of the Islamic State, which lies just 60 miles south of Tal Abyad, a border town the YPG seized from the Islamic State in June, with U.S. help. But PYD spokesman Can said the Kurdish group’s first priority is to link the Kurdish enclave of Afrin, northwest of the Syrian city of Aleppo, with Kobani, the Kurdish enclave northeast of Aleppo. That would mean clearing the Islamic State from villages along 60 miles of the Turkey-Syria border, in particular the border town of Jarablus. “Our prime and most important goal is to liberate Jarablus and to connect Kobani with Afrin,” Can told McClatchy. Capturing Raqqa, a mostly Arab city, is “not really” a PYD objective, he said. “Not for now,” he said. That is just as I suspected the Kurds to react. But why did the U.S. officials claim that these Kurds and the collection of thieves would attack Raqqa? Did they not coordinate with them or was that Raqqa story a ruse? The Turks seem to assume such and they accuse the U.S. as well as Russia of coordinating with the Kurds to seal the border with Turkey: Turkey warns U.S., Russia against backing Kurdish militia in Syria
  • ...2 more annotations...
  • Turkey has warned the United States and Russia it will not tolerate Kurdish territorial gains by Kurdish militia close to its frontiers in north-western Syria, two senior officials said. "This is clear cut for us and there is no joking about it," one official said of the possibility of Syrian Kurdish militia crossing the Euphrates to extend control along Turkish borders from Iraq's Kurdistan region towards the Mediterranean coast. ... "The PYD has been getting closer with both the United States and Russia of late. We view the PYD as a terrorist group and we want all countries to consider the consequences of their cooperation," one of the Turkish officials said. Turkey suspects Russia, which launched air strikes in Syria two weeks ago, has also been lending support to the YPG and PYD. "With support from Russia, the PYD is trying to capture land between Jarablus and Azaz, going west of the Euphrates. We will never accept this," the official said.
  • Is there now really coordination between Russia and the U.S. to seal the Syrian-Turkish border witch would cut off the Islamic State but also the al-Qaeda "CIA rebels" from their supplies? This would destroy all Turkish plans for Syria: a "safe zone" in Syria under Turkman control, a Sunni ruled pipeline corridor from Qatar to Europe, the Turkish-Ottoman annexation of Aleppo. Turkey would be pushed back into a secondary role. Do Russia and the U.S. now really make common cause and decided to screw Erdogan? This would make sense if the destruction of the Islamic State and all other terrorists in Syria is the common aim. That would be a change in the Obama administration's policy. Up to now it only helped the "salafist principality" to grow and never seriously attacked it. And if there is such cooperation why does the U.S still deliver thousands of TOWs to al-Qaeda which only kill more Syrians and prolong the fighting?
  •  
    Cutting off the ISIL and al-Nusrah supply lines from Turkey would indeed create problems for Turkish (and U.S. neocon) plans. 
5More

Obama equates Israel's creation to African-Americans gaining right to vote - 0 views

  •      President Obama gave another interview to Jeffrey Goldberg, at the Atlantic.
  • And this about anti-Semitism and anti-Zionism. If you don’t think Israel has a right to exist as a homeland for the Jewish people, you’re anti-Semitic. Goldberg: I know that you’ve talked about this with Jewish organizations, with some of your Jewish friends—how you define the differences and the similarities between these two concepts. Obama: You know, I think a good baseline is: Do you think that Israel has a right to exist as a homeland for the Jewish people, and are you aware of the particular circumstances of Jewish history that might prompt that need and desire? And if your answer is no, if your notion is somehow that that history doesn’t matter, then that’s a problem, in my mind. If, on the other hand, you acknowledge the justness of the Jewish homeland, you acknowledge the active presence of anti-Semitism—that it’s not just something in the past, but it is current—if you acknowledge that there are people and nations that, if convenient, would do the Jewish people harm because of a warped ideology. If you acknowledge those things, then you should be able to align yourself with Israel where its security is at stake, you should be able to align yourself with Israel when it comes to making sure that it is not held to a double standard in international fora, you should align yourself with Israel when it comes to making sure that it is not isolated.
  • But you should be able to say to Israel, we disagree with you on this particular policy. We disagree with you on settlements. We think that checkpoints are a genuine problem. We disagree with you on a Jewish-nationalist law that would potentially undermine the rights of Arab citizens. And to me, that is entirely consistent with being supportive of the State of Israel and the Jewish people. Now for someone in Israel, including the prime minister, to disagree with those policy positions—that’s OK too. And we can have a debate, and we can have an argument. But you can’t equate people of good will who are concerned about those issues with somebody who is hostile towards Israel. And you know, I actually believe that most American Jews, most Jews around the world, and most Jews in Israel recognize as much. And that’s part of the reason why I do still have broad-based support among American Jews. It’s not because they dislike Israel, it’s not because they aren’t worried about Iran having a nuclear weapon or what Hezbollah is doing in Lebanon. It’s because I think they recognize, having looked at my history and having seen the actions of my administration, that I’ve got Israel’s back, but there are values that I share with them that may be at stake if we’re not able to find a better path forward than what feels like a potential dead-end right now.
  • ...1 more annotation...
  • The president also equated the foundation of Israel with the civil rights movement in the U.S. [T]o me, being pro-Israel and pro-Jewish is part and parcel with the values that I’ve been fighting for since I was politically conscious and started getting involved in politics. There’s a direct line between supporting the right of the Jewish people to have a homeland and to feel safe and free of discrimination and persecution, and the right of African Americans to vote and have equal protection under the law. These things are indivisible in my mind. But what is also true, by extension, is that I have to show that same kind of regard to other peoples. And I think it is true to Israel’s traditions and its values—its founding principles—that it has to care about those Palestinian kids. Says Donald Johnson, who tipped me to this: “I  understand the long history of antisemitism as an argument for having a Jewish state, but why can’t people be honest about the price paid by the Palestinians? I know the answer.”
  •  
    Oh, I didn't know that: The American civil rights movement created paramilitary forces and overthrew the U.S. government, driving nearly all of the white people into one corner of the country, then set up their own national democratic goverrnment in the remainder, granted citizenship to any black people who wanted to emmigrate to the United Black States of America but denied all others citizenship, and enacted 51 laws that granted more rights to black citizens than their remaining few token whites, etc.  Horse feathers. Obama just shamed the American civil rights movement and he deserves to be tarred and feathered for it. 
3More

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

  • 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.”
6More

NSA giving 'a lot of thought' to privacy rights of overseas citizens - top lawyer | Wor... - 0 views

  • The top lawyer for the US intelligence community and the National Security Agency said on Wednesday that the spy agencies are giving new consideration to the privacy rights of non-Americans in the wake of a diplomatic row over the surveillance of foreign leaders. Speaking at a conference on national security law sponsored by the American Bar Association on Thursday, the general counsel for the office of the director of national intelligence, Robert Litt, said intelligence chiefs were giving "a lot of thought" to the issue. His comments came a day after General Keith Alexander, the NSA director, stated that the spy agency is open to scaling back some of its operations on foreign leaders, following an unfolding diplomatic crisis sparked by revelations that the NSA spied on German chancellor Angela Merkel. 
  • US law provides greater legal protection to those defined as "US persons", which includes American citizens and foreigners living in the US. "On the issue of US person versus non-US person, that’s an issue we’re giving a lot of thought to now,” said Litt. “It’s not surprising that the law gives more protections to US citizens or persons who are in this country,” Litt added. “That doesn’t mean that we have no protection for non-US persons, and the principal protection we have is the requirement that the collection, retention and dissemination of information has to be for a valid foreign intelligence purpose.” Litt said the intelligence agencies were “giving some thought to whether there are ways that we can both introduce a little more rigor into that requirement and perhaps a little more transparency into how we enforce that requirement.” Litt and NSA general counsel Rajesh De would not answer a question from the Guardian about the legal basis for a different, unfolding NSA controversy: the new allegation that the NSA intercepts data transiting between the foreign data centers of Google and Yahoo, two longtime NSA partners, published in the Washington Post.
  • But De took issue with a suggestion that the Post story prompted that the NSA interception would at times rely on a seminal executive order that defines basic powers and operations of the intelligence agencies, known as Executive Order 12333, rather than the relatively restrictive Foreign Intelligence Surveillance Act, or Fisa. “The implication, the insinuation, the suggestion or the outright statement that an agency like NSA would use authority under Executive Order 12333 to evade, skirt or go around Fisa is simply inaccurate,” De said. On Tuesday, the director of national intelligence, James Clapper, testified to the House intelligence panel that they considered US corporations to be “US persons,” meaning their communications and associated data enjoyed legal privileges associated with citizenship. But neither Litt nor De would explain whether that category protected communications data transiting between the data centers of US companies.
  • ...2 more annotations...
  • Both Litt and De spoke hours before the Senate intelligence committee was due to begin a second day of considering chairwoman Dianne Feinstein’s proposal to increase transparency around the NSA’s surveillance activities. A Tuesday afternoon markup session of the bill – whose text is not yet public – went uncompleted. Feinstein, previously an unequivocal supporter of the NSA, unexpectedly criticized the agency’s surveillance on foreign leaders, a relatively traditional surveillance function. Feinstein on Monday declared herself “totally opposed” to the collection and suggested her oversight committee was not “fully informed” of the practice. A similar rift has emerged between NSA and the White House over how much President Obama knew about the spying, which US officials have said does not currently take place and will not resume. Litt appeared to concede that Obama himself may not have known about spying on Merkel, but contended that the White House and Senate intelligence committee had all the information necessary to understand it was taking place.
  • “I completely disagree with the proposition that the fact that the president and the chairman of the Senate intelligence committee didn’t know every single one of these selectors the NSA was tasking means there is ineffective oversight,” Litt said. “What the president knew and what the Senate intelligence committee knows: they know what our intelligence priorities are. Those are set annually through the interagency process. That says, here’s the kind of information we need to collect. And that gets sent out to the intelligence community and then the intelligence community, through a process that works down through the ranks, figures out what’s the best way to select that. “It’s very easy in hindsight to say, well, this particular selector was sensitive and so the president should have been told that,” Litt continued. “That’s always true in hindsight. Virtually everything we do, if it comes out, is going to be embarrassing.”
  •  
    So if they're not relying on either FISA or EO 12333, are they simply ignoring any legal restraints on the Agency? It's interesting that the NSA house of cards only crumbled with the announcement of spying on 35 foreign national leaders. Personally, I'd vote for putting the leader of every nation in a glass house, butt naked, and able to communicate with others only through a loudspeaker/broadcast system audible to everyone in the world. Secrecy in government is the problem, not a solution. 
1More

Signs That China Is Making A Move Against The U.S. Dollar - America Conservative 2 Cons... - 0 views

  •  
    Two articles about China taking over America appeared today on the American Conservative web site. Incredible stuff. The first deals with the dollar, and how China plans on replacing it. The second article is focused on the Chinese take over of businesss and American assets, including American land. At the heart of both articles is the problem of out of control US DEBT tha tis destroying this country. Intro: "On the global financial stage, China is playing chess while the U.S. is playing checkers, and the Chinese are now accelerating their long-term plan to dethrone the U.S. dollar.  You see, the truth is that China does not plan to allow the U.S. financial system to dominate the world indefinitely.  Right now, China is the number one exporter on the globe and China will have the largest economy on the planet at some point in the coming years.  The Chinese would like to see global currency usage reflect this shift in global economic power.  At the moment, most global trade is conducted in U.S. dollars and more than 60 percent of all global foreign exchange reserves are held in U.S. dollars.  This gives the United States an enormous built-in advantage, but thanks to decades of incredibly bad decisions this advantage is starting to erode.  And due to the recent political instability in Washington D.C., the Chinese sense vulnerability.  China has begun to publicly mock the level of U.S. debt, Chinese officials have publicly threatened to stop buying any more U.S. debt, the Chinese have started to aggressively make currency swap agreements with other major global powers, and China has been accumulating unprecedented amounts of gold.  All of these moves are setting up the moment in the future when China will completely pull the rug out from under the U.S. dollar. Today, the U.S. financial system is the core of the global financial system.  Because nearly everybody uses the U.S. dollar to buy oil and to trade with one another, this cre
1More

Hillary's email problems just won't go away - Josh Gerstein - POLITICO - 0 views

  • Hillary Clinton’s email problem is a “drip,drip,drip” that just won’t stop. On Monday, it turned into a steady trickle. As the Democratic front-runner tried to shift attention to policy issues and the retail politics of Iowa, a series of developments in court and on Capitol Hill showed that Clinton’s email saga is unlikely to end soon. Story Continued Below A federal judge on Monday scheduled a hearing for later this week to discuss whether the State Department has ensured the retrieval of all official records Clinton, the former secretary of state, and her top aides held on personal email accounts or devices. This came after a lawyer for the technology firm that maintained Clinton’s private server after she left office held out the prospect that at least some of the data is likely preserved on a backup server. New figures emerged in a court filing about the number of potentially classified messages held in Clinton’s private account, now up to 305. And a Republican senator pressed Clinton’s personal lawyer for answers on how the emails were stored and whether he had the security clearance to retain a thumb drive of potentially sensitive data.
4More

Erdogan's Dirty Dangerous ISIS Games | nsnbc international - 0 views

  • Turkey is a beautiful land, rich in resources, with many highly intelligent and warm people. It also happens to have a President who seems intent on destroying his once-proud nation. More and more details are coming to light revealing that the Islamic State in Iraq and Syria, variously known as ISIS, IS or Daesh, is being fed and kept alive by Recep Tayyip Erdoğan, the Turkish President and by his Turkish intelligence service, including MIT, the Turkish CIA. Turkey, as a result of Erdoğan’s pursuit of what some call a Neo-Ottoman Empire fantasies that stretch all the way to China, Syria and Iraq, threatens not only to destroy Turkey but much of the Middle East if he continues on his present path.
  • In October 2014 US Vice President Joe Biden told a Harvard gathering that Erdoğan’s regime was backing ISIS / ISIL with “hundreds of millions of dollars and thousands of tons of weapons…” Biden later apologized clearly for tactical reasons to get Erdogan’s permission to use Turkey’s Incirlik Air Base for airstrikes against ISIS in Syria, but the dimensions of Erdoğan’s backing for ISIS since revealed is far, far more than Biden hinted. ISIS militants were trained by US, Israeli and now it emerges, by Turkish special forces at secret bases in Konya Province inside the Turkish border to Syria, over the past three years. Erdoğan’s involvement in ISIS goes much deeper. At a time when Washington, Saudi Arabia and even Qatar appear to have cut off their support for ISIS, they remaining amazingly durable. The reason appears to be the scale of the backing from Erdoğan and his fellow neo-Ottoman Sunni Islam Prime Minister, Ahmet Davutoğlu. Nice Family Business The prime source of money feeding ISIS these days is sale of Iraqi oil from the Mosul region oilfields where they maintain a stronghold. The son of Erdoğan it seems is the man who makes the export sales of ISIS-controlled oil possible. Bilal Erdoğan owns several maritime companies. He has allegedly signed contracts with European operating companies to carry Iraqi stolen oil to different Asian countries. The Turkish government buys Iraqi plundered oil which is being produced from the Iraqi seized oil wells. Bilal Erdoğan’s maritime companies own special wharfs in Beirut and Ceyhan ports that are transporting ISIS’ smuggled crude oil in Japan-bound oil tankers.
  • In addition to son Bilal’s illegal and lucrative oil trading for ISIS, Sümeyye Erdoğan, the daughter of the Turkish President apparently runs a secret hospital camp inside Turkey just over the Syrian border where Turkish army trucks daily being in scores of wounded ISIS Jihadists to be patched up and sent back to wage the bloody Jihad in Syria, according to the testimony of a nurse who was recruited to work there until it was discovered she was a member of the Alawite branch of Islam, the same as Syrian President Bashar al-Assad who Erdoğan seems hell-bent on toppling. Turkish citizen Ramazan Başol, captured this month by Kurdish People’s Defence Units,YPG, as he attempted to join ISIS from Konya province, told his captors that said he was sent to ISIS by the ‘İsmail Ağa Sect,’ a strict Turkish Islam sect reported to be tied to Recep Erdoğan. Başol said the sect recruits members and provides logistic support to the radical Islamist organization. He added that the Sect gives jihad training in neighborhoods of Konya and sends those trained here to join ISIS gangs in Syria. According to French geopolitical analyst, Thierry Meyssan, Recep Erdoğan “organised the pillage of Syria, dismantled all the factories in Aleppo, the economic capital, and stole the machine-tools. Similarly, he organised the theft of archeological treasures and set up an international market in Antioch…with the help of General Benoît Puga, Chief of Staff for the Elysée, he organised a false-flag operation intended to provoke the launching of a war by the Atlantic Alliance – the chemical bombing of la Ghoutta in Damascus, in August 2013. “
  • ...1 more annotation...
  • Meyssan claims that the Syria strategy of Erdoğan was initially secretly developed in coordination with former French Foreign Minister Alain Juppé and Erdoğan’s then Foreign Minister Ahmet Davutoğlu, in 2011, after Juppe won a hesitant Erdoğan to the idea of supporting the attack on traditional Turkish ally Syria in return for a promise of French support for Turkish membership in the EU. France later backed out, leaving Erdoğan to continue the Syrian bloodbath largely on his own using ISIS. Gen. John R. Allen, an opponent of Obama’s Iran peace strategy, now US diplomatic envoy coordinating the coalition against the Islamic State, exceeded his authorized role after meeting with Erdoğan and “promised to create a « no-fly zone » ninety miles wide, over Syrian territory, along the whole border with Turkey, supposedly intended to help Syrian refugees fleeing from their government, but in reality to apply the « Juppé-Wright plan ». The Turkish Prime Minister, Ahmet Davutoğlu, revealed US support for the project on the TV channel A Haber by launching a bombing raid against the PKK.” Meyssan adds. There are never winners in war and Erdoğan’s war against Syria’s Assad demonstrates that in bold. Turkey and the world deserve better. Ahmet Davutoğlu’s famous “Zero Problems With Neighbors” foreign policy has been turned into massive Problems with all neighbors due to the foolish ambitions of Erdoğan and his gang.
1More

U.S. is even more implicated in Israeli settlement project than we thought - 0 views

  • The Israeli colonies are an American problem in a whole new way. Nearly one out of six settlers in the West Bank is an American. Haaretz broke the story. Oxford scholar Sara Yael Hirschhorn says Americans are starkly overrepresented among West Bank settlers: Roughly 60,000 American Jews live in West Bank settlements, where they account for 15 percent of the settler population, according to figures revealed Thursday by an Oxford University scholar and expert on this population. Newsweek’s Jack Moore reports the American policy angle: Israeli settlement watchdog Peace Now said that the new figures revealed that the settlement enterprise in the West Bank was not only an internal issue but “an international problem.” “Unfortunately, while the Obama administration has been persistently vocal against settlement developments, some 60,000 American citizens are taking an active part in an attempt to make the two state solution impossible,” says Anat Ben Nun, Peace Now’s director of development and external relations. The study leaves out all the settlers in East Jerusalem: 200,000 of them three years ago, per the United Nations. And remember that the settlement movement is funded not just by the Israeli government but tax-deductible donations from American Zionists. An issue the US media has refused to deal with.
6More

Pelosi says Iran deal has the votes, and Podhoretz urges Israel to attack Iran - Mondow... - 0 views

  •      House Minority Leader Nancy Pelosi is “confident” that the House would be able to uphold the president’s veto of a potential Republican-backed bill to kill the deal. “More and more of them have confirmed to me that they will be there to sustain the veto,” Pelosi said at her weekly press conference, referring to members of the Democratic caucus. “They’ve done this not blindly but thoroughly,” as they examined the agreement over recent weeks.
  • House Minority Leader Nancy Pelosi is “confident” that the House would be able to uphold the president’s veto of a potential Republican-backed bill to kill the deal. “More and more of them have confirmed to me that they will be there to sustain the veto,” Pelosi said at her weekly press conference, referring to members of the Democratic caucus. “They’ve done this not blindly but thoroughly,” as they examined the agreement over recent weeks.
  • The fear among major Jewish organizations that they will be drawn into the domestic U.S. political fray over the nuclear deal is prominent in statements released by both the Anti-Defamation League (ADL) and the American Jewish Committee (AJC). Both organizations have refrained from strongly attacking the nuclear agreement and defining it as a disaster, instead leading the public to believe that they instead have misgivings over large parts of the agreement, and that they hope that Congress will review it in depth. The U.S. Reform movement, too, issued a convoluted statement that fell short of taking a decisive stance on the agreement. Norman Podhoretz has never had this problem. He became a neoconservative because he wanted a big U.S. military budget to support Israel. Now he sees the writing on the wall and calls for an Israeli attack on Iran, in Wall Street Journal: I remain convinced that containment is impossible, from which it follows that the two choices before us are not war vs. containment but a conventional war now or a nuclear war later.
  • ...3 more annotations...
  • Israelis are waking up to their abandonment by the majority of US Jewry. Sort of the anti-67 War. Haaretz says the lobby is in crisis. Boldface mine: Israel’s consul general in Philadelphia, Yaron Sideman, warned Jerusalem this week that the American Jewish community is divided over the nuclear agreement with Iran, and does not stand united behind Israel in the controversy. The problem is that Israel has burned up its influence over the White House, and US Jews don’t want to be exposed as Israel supporters: a CEO of one of the Jewish federations in the Philadelphia region told [Sideman] that in his view, Israel’s status vis-à-vis the Obama administration is at a low point, which could adversely affect the Jewish community. He cited the Jewish leader telling him, “In the next year and a half (until the end of President Barack Obama’s term) Israel’s and the Jewish communities’ maneuvering space regarding advancing Israel’s interests is extremely limited to non existent.” Even those who oppose the deal are reluctant to come forward because they will be seen to be advancing Israel’s interest over the U.S. interest. Nice play, Netanyahu.
  • Given how very unlikely it is that President Obama, despite his all-options-on-the-table protestations to the contrary, would ever take military action, the only hope rests with Israel. If, then, Israel fails to strike now, Iran will get the bomb. And when it does, the Israelis will be forced to decide whether to wait for a nuclear attack and then to retaliate out of the rubble, or to pre-empt with a nuclear strike of their own. But the Iranians will be faced with the same dilemma. Under these unprecedentedly hair-trigger circumstances, it will take no time before one of them tries to beat the other to the punch. And so my counsel to proponents of the new consensus is to consider the unspeakable horrors that would then be visited not just on Israel and Iran but on the entire region and beyond. The destruction would be far worse than any imaginable consequences of an Israeli conventional strike today when there is still a chance to put at least a temporary halt, and conceivably even a permanent one, to the relentless Iranian quest for the bomb
  • Oh and here is the ultimate chutzpah, right up there with killing your parents and asking for a light sentence because you’re an orphan. In a call to Israel supporters, Bret Stephens says that lawmakers should kill the Iran deal because if they support it, it will haunt them the same way voting for the Iraq war has haunted them. Stephens pushed that disastrous war. Oh and Stephens threatens their financial contributions, too. Glenn Greenwald has the clip:
2More

Thoughts from the Frontline: The Center Cannot Hold by John Mauldin - 0 views

  • The Minsky Journey is where investment goes from what Minsky called a hedge unit, where the investment is its own source of repayment; to a speculative unit, where the investment only pays the interest; to a Ponzi unit, where the only way to repay the debt is for the value of the investment to rise.
  •  
    "Our examination of the future of public debt leads us to several important conclusions. First, fiscal problems confronting industrial economies are bigger than suggested by official debt figures that show the implications of the financial crisis and recession for fiscal balances. As frightening as it is to consider public debt increasing to more than 100% of GDP, an even greater danger arises from a rapidly ageing population. The related unfunded liabilities are large and growing, and should be a central part of today's long-term fiscal planning. "It is essential that governments not be lulled into complacency by the ease with which they have financed their deficits thus far. In the aftermath of the financial crisis, the path of future output is likely to be permanently below where we thought it would be just several years ago. As a result, government revenues will be lower and expenditures higher, making consolidation even more difficult. But, unless action is taken to place fiscal policy on a sustainable footing, these costs could easily rise sharply and suddenly. "Second, large public debts have significant financial and real consequences. The recent sharp rise in risk premia on long-term bonds issued by several industrial countries suggests that markets no longer consider sovereign debt low-risk. The limited evidence we have suggests default risk premia move up with debt levels and down with the revenue share of GDP as well as the availability of private saving. Countries with a relatively weak fiscal system and a high degree of dependence on foreign investors to finance their deficits generally face larger spreads on their debts. This market differentiation is a positive feature of the financial system, but it could force governments with weak fiscal systems to return to fiscal rectitude sooner than they might like or hope. "Third, we note the risk that persistently high levels of public debt will drive down capital accumulation, productivity growth and lon
5More

A history of the Mortgage - Housing dilemma by Arnold Kling | EconLog | Library of Econ... - 0 views

  • Method A suffered a breakdown in the 1970's, because inflation was allowed to get out of control. The 6 percent mortgage interest rates that were commonly charged by savings and loans became untenable when inflation and interest rates soared to double-digit levels. The savings and loan industry went out of business. Whether Method B could survive a similar shock is unclear. The right lesson to learn from the 1970's was not that we should use Method B. The right lesson to learn is that we should not let inflation get out of hand.
    • Gary Edwards
       
      Government inflation (thank you Jimmy Carter) as the cause of the savings and loan collapse!
  • The secondary mortgage market began in 1968, when the United States formed the Government National Mortgage Association (GNMA). GNMA pooled loans originated under programs by the Federal Housing Administration (FHA) and the Veterans Administration (VA) and sold these pools to investors. The purpose of this, as with the quasi-privatization of the Federal National Mortgage Association (Fannie Mae) that took place that year, was to take Federally guaranteed mortgage loans off of the books. President Johnson, fighting an unpopular war in Vietnam, wanted to save himself the embarrassment of having to come to Congress to ask for larger and larger increases in the ceiling on the national debt. Thus, the first steps toward mortgage securitization were taken in order to disguise financial reality using accounting gimmicks. It has been the same ever since.
    • Gary Edwards
       
      There it is, in all it'snaked glory. The government created the secondary mortgage market, spinning up Fannie, Freddie and Ginnie for the purpose of taking federally subsidized and guaranteed mortgages off the the official government books. hence the quasi-gov orgs. It's an accounting gimmick!!!!
  •  
    Excellent study of how we got into this problem that the socialist are now using to kill forever the American Dream: "..... Forty years ago, depository institutions handled mortgage credit risk very differently than they do today. Back then, the depository institution, which was typically a savings and loan association, held mortgages that were underwritten by its own employees, given to borrowers and backed by homes in its own community. These were almost always 30-year, fixed-rate loans, with borrowers having made a significant down payment, often 20 percent of the price of the home. Call this approach to mortgage lending "Method A." Today, mortgage loans held by depository institutions are often in the form of securities. These securities are backed by loans originated in distant communities by unknown borrowers, underwritten by mortgage brokers or other personnel not employed by the depository institution. The loans are often not 30-year fixed-rate loans, and the borrowers have typically made down payments of 5 percent or less, including loans with no down payment at all. Call this approach to mortgage lending "Method B." If you compare the two methods using common sense, then Method B does not pass a simple sanity check. In fact, the current financial crisis consists of banks that are up to their necks in Method B......"
1More

How Washington can prevent 'zombie banks' : Reagan Treasury Secretary, James Baker - 0 views

  •  
    Excellent review of Japan's "Lost Decade" and the current Obama socialist folly of creating similar "Zombie Banks". Baker sites the evidence of ".... a mountain of toxic assets, housing market declines, a sharp economic recession, rising unemployment and increasing taxpayer exposure through guarantees, loans, and infusion of capital - strongly suggests that some American banks face a solvency problem and not merely a liquidity one...." He recommends the Nouriel Roubini plan, a harsh course of action but one that would get the job done. "......This approach is not pretty or easy. It will cost a lot of money, with the lion's share coming from US taxpayers, at least in the short to medium term. But the alternative - a piecemeal pumping of more public money into insolvent banks in the vague hope that things will improve down the road - could truly be historic folly. Eventually our banks and economy will start to recover. When they do, we would be wise to avoid another Japanese mistake - raising taxes. To counter mounting debt created by government stimulus packages, Japan increased taxes in 1997. Consumption dropped and the country's economy collapsed. Our ad hoc approach to the banking crisis has helped financial institutions conceal losses, favoured shareholders over taxpayers, and protected senior bank managers from the consequences of their mistakes. Worst of all, it has crippled our credit system just at a time when the US and the world need to see it healthy.
« First ‹ Previous 161 - 180 of 638 Next › Last »
Showing 20 items per page