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Is an Ukronazi attack imminent? Yes! So what else is new? | The Vineyard of the Saker - 0 views

thesaker.is/minent-yes-so-what-else-is-new war & peace Ukraine coup-government attack Novorussia
shared by Paul Merrell on 24 Aug 15 - No Cached
  • Novorussian officials have called a press conference today to warn about the high risks of an Ukronazi assault on Novorussia in the very near future.  I have asked our translation team and friends to subtitle the video of this press conference and I hope to get it in the next 24 hours or less. The press conference was unique in that Edward Basurin, the Deputy Defense Minister and spokesman for the Novorussian armed forces showed a map with what he described as the Ukrainian attack plans:
  • While I don’t doubt for one second that the Novorussians have pretty much near perfect intelligence about the situation in the Nazi-occupied Ukraine and the plans of the junta (all that provided courtesy of the Russian GRU), I have to say that what this maps shows is extremely predictable too and not fundamentally different from what the Ukronazis tried last year: surrounding and cutting off Donetsk from Lugansk and taking control of key parts (or even all) of the Ukrainian-Russian border.  Basurin also quoted the figures for the junta forces and those are in line with what others, including Cassad, have reported.  The Ukronazi force is most definitely numerically large. Basurin also warned that the attack would be preceded by a false flag attack organized by the junta and blamed on the Novorussians.  Again, nothing new here. To be honest, we are all getting used to ‘cry wolf’ about an impending Ukronazi attack.  And this is hardly our fault.  Such an attack has, indeed, been impending for a long while already and the junta’s bellicose rhetoric has only reinforced this sense of imminent danger.  Furthermore, the recent visit of the British Defense Minister in Kiev only made things worse as the junta always does something ugly when western dignitaries visit Kiev.  Add to this that Poroshenko is scheduled to meet with his German and French counterparts next week and the sense of crisis will be total.  And logically so. So while the tensions are real and definitely based in reality, they are also nothing new here, really.  You could also legitimately that all this panic is nothing else but business as usual and that it will remain so until the regime of Nazi freaks in Kiev is finally replaced by something more or less civilized.  This will inevitably happen but, alas, not in the near future.
  • So we are left with this exhausting and frustrating situation where yet another Ukronazi attack might happen anytime but where it also might not.  That is the inevitable consequence of having evil, weak and insecure psychopaths in charge of an entire country. Yesterday a rumor was started indicating that the Novorussians were planning to organize a referendum to join Russia.  I still don’t know if that rumor is based in reality or not, but I will note that this kind of rumor could also serve as a perfect pretext for a Ukronazi attack. It is clear to me that something has to give, probably soon.  The Ukrainian economy is dead, the stocks of basic goods and energy for next winter are empty, the country is in ruins and social tensions are on the raise everywhere.  I personally cannot image that regime change could happen in Kiev before at least one more attack on Novorussia.  The junta really has nothing left to lose and by massing a large attack force, regardless of how ill prepared this force is, and at least the theoretical such an attack could possibility draw Russia in and, thereby, save the Ukronazi junta in Kiev.
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  • Nobody in Kiev is seriously thinking that they can occupy Donetsk or Lugansk or pacify the Donbass.  Everybody is pretending otherwise, but that ain’t happening.   Everybody in Kiev is fully aware of the fact that the Donbass is lost forever.  So I will repeat this again: the real purpose of an attack will not be to ‘reconquer’ Novorussia, it will be to draw Russia into the Donbass.  How? Well, in theory, if the junta can launch enough men and armor to overwhelm the Novorussian defenses and if these forces succeed in surrounding Donetsk and Lugansk, Russia will really have no other option than to intervene.  Of course, the Russians will easily defeat the Ukronazi forces, in 24 hours or less, but at that point the Nazi regime in Kiev will be saved: it will be able to declare full mobilization, blame every difficulty in Russia, crush any resistance with even more brutality than before and politically force all the US allies to provide aid to the regime in Kiev.  The regime itself, by the way, would be safe as, contrary to the hopes of many, the Russians will not push much beyond the current line of contact.  At most they will liberate Mariupol and or Slaviansk/Kramatrosk as a “penalty” for the Ukronazi attack.  The junta in Kiev will remain safe, at least from the Russians. The real danger for the junta does not come from the Russian military, but from the disillusioned and impoverished Ukrainian people with whom the regime will remain “one on one” unless the Russians intervene.  And as long as this situation will remain like this, a Ukronazi attack will possibly at any moment.  Starting right now.
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TASS: Economy - Greece to confirm construction of natural gas pipeline jointly with Rus... - 0 views

tass.ru/809613 economic-warfare pipelinestan Russia Greece Turkey Turkish-Stream
shared by Paul Merrell on 22 Jul 15 - No Cached
  • Greece supports the plan of building a natural gas pipeline jointly with Russia to be an extension of the Turkish Stream gas pipeline, new Minister of Productive Reconstruction, Environment and Energy of Greece Panos Skourletis said on Monday at the ceremony of responsibilities’ handover from the former minister Panagiotis Lafazanis. Skourletis said the plan of building a new Greek-Russian gas pipeline in the territory of Greece is supported. It opens new opportunities to be used, the minister said. This pipeline is more beneficial for Greece than the planned Trans-Adriatic Pipeline (TAP), Lafazanis said earlier. "The Russian project will provide more benefits because Greece will own a 50% stake in the pipeline and because tariffs will be higher," the ex-minister added. Greek state-owned Energy Investments Public Enterprise S.A. (EIPE S.A.) and Russia’s VEB Capital will be partners in the project. Investments into construction will amount to $2 bln. The project will be 100% financed by the Russian side and will make possible to create 20,000 jobs in Greece. The parties signed the intergovernmental memorandum on cooperation within the framework of building the Turkish Stream gas pipeline extension in Greece at the St. Petersburg International Economic Forum on June 19. Construction of the segment is to start in 2016 and will end at the turn of 2019.
  • Greece supports the plan of building a natural gas pipeline jointly with Russia to be an extension of the Turkish Stream gas pipeline, new Minister of Productive Reconstruction, Environment and Energy of Greece Panos Skourletis said on Monday at the ceremony of responsibilities’ handover from the former minister Panagiotis Lafazanis. Skourletis said the plan of building a new Greek-Russian gas pipeline in the territory of Greece is supported. It opens new opportunities to be used, the minister said. This pipeline is more beneficial for Greece than the planned Trans-Adriatic Pipeline (TAP), Lafazanis said earlier. "The Russian project will provide more benefits because Greece will own a 50% stake in the pipeline and because tariffs will be higher," the ex-minister added.
  • Greek state-owned Energy Investments Public Enterprise S.A. (EIPE S.A.) and Russia’s VEB Capital will be partners in the project. Investments into construction will amount to $2 bln. The project will be 100% financed by the Russian side and will make possible to create 20,000 jobs in Greece. The parties signed the intergovernmental memorandum on cooperation within the framework of building the Turkish Stream gas pipeline extension in Greece at the St. Petersburg International Economic Forum on June 19. Construction of the segment is to start in 2016 and will end at the turn of 2019.
  • Paul Merrell on 22 Jul 15
     
    See also http://tass.ru/en/infographics/7275 (Gazprom to eliminate gas pipelines to Europe via Ukraine during 2018). 
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Time for the Nuclear Option: Raining Money on Main Street | WEB OF DEBT BLOG - 0 views

ellenbrown.com/...n-raining-money-on-main-street economy financial-stimulus printing-press
shared by Paul Merrell on 24 Sep 15 - No Cached
  • Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said ‘Helicopter Money’ Is 12-18 Months Away.” Money reformers will say it’s about time. Virtually all money today is created as bank debt, but people can no longer take on more debt. The money supply has shrunk along with people’s ability to borrow new money into existence. Quantitative easing (QE) attempts to re-inflate the money supply by giving money to banks to create more debt, but that policy has failed. It’s time to try dropping some debt-free money on Main Street. The Zerohedge prediction is based on a release from Macqurie, Australia’s largest investment bank. It notes that GDP is contracting, deflationary pressures are accelerating, public and private sectors are not driving the velocity of money higher, and central bank injections of liquidity are losing their effectiveness. Current policies are not working. As a result:
  • There are several policies that could be and probably would be considered over the next 12-18 months. If private sector lacks confidence and visibility to raise velocity of money, then (arguably) public sector could. In other words, instead of acting via bond markets and banking sector, why shouldn’t public sector bypass markets altogether and inject stimulus directly into the ‘blood stream’? Whilst it might or might not be called QE, it would have a much stronger impact and unlike the last seven years, the recovery could actually mimic a conventional business cycle and investors would soon start discussing multiplier effects and positioning in areas of greatest investment.  Willem Buiter, chief global economist at Citigroup, is also recommending “helicopter money drops” to avoid an imminent global recession, stating: A global recession starting in 2016 led by China is now our Global Economics team’s main scenario. Uncertainty remains, but the likelihood of a timely and effective policy response seems to be diminishing. . . . Helicopter money drops in China, the euro area, the UK, and the U.S. and debt restructuring . . . can mitigate and, if implemented immediately, prevent a recession during the next two years without raising the risk of a deeper and longer recession later.
  • In the UK, something akin to a helicopter money drop was just put on the table by Jeremy Corbyn, the newly-elected Labor leader. He proposes to give the Bank of England a new mandate to upgrade the economy to invest in new large scale housing, energy, transport and digital projects. He calls it “quantitative easing for people instead of banks” (PQE). The investments would be made through a National Investment Bank set up to invest in new infrastructure and in the hi-tech innovative industries of the future. Australian blogger Prof. Bill Mitchell agrees that PQE is economically sound. But he says it should not be called “quantitative easing.” QE is just an asset swap – cash for federal securities or mortgage-backed securities on bank balance sheets. What Corbyn is proposing is actually Overt Money Financing (OMF) – injecting money directly into the economy. Mitchell acknowledges that OMF is a taboo concept in mainstream economics. Allegedly, this is because it would lead to hyperinflation. But the real reasons, he says, are that: It cuts out the private sector bond traders from their dose of corporate welfare which unlike other forms of welfare like sickness and unemployment benefits etc. has made the recipients rich in the extreme. . . . It takes away the ‘debt monkey’ that is used to clobber governments that seek to run larger fiscal deficits.
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  • Tim Worstall, writing in the UK Register, objects to Corbyn’s PQE (or OMF) on the ground that it cannot be “sterilized” the way QE can. When inflation hits, the process cannot be reversed. If the money is spent on infrastructure, it will be out there circulating in the economy and will not be retrievable. Worstall writes: QE is designed to be temporary, . . . because once people’s spending rates recover we need a way of taking all that extra money out of the economy. So we do it by using printed money to buy bonds, which injects the money into the economy, and then sell those bonds back once we need to withdraw the money from the economy, and simply destroy the money we’ve raised. . . . If we don’t have any bonds to sell, it’s not clear how we can reduce [the money supply] if large-scale inflation hits.
  • The problem today, however, is not inflation but deflation of the money supply. Some consumer prices may be up, but this can happen although the money supply is shrinking. Food prices, for example, are up; but it’s because of increased costs, including drought in California, climate change, and mergers and acquisitions by big corporations that eliminate competition. Adding money to the economy will not drive up prices until demand is saturated and production has hit full capacity; and we’re a long way from full capacity now. Before that, increasing “demand” will increase “supply.” Producers will create more goods and services. Supply and demand will rise together and prices will remain stable. In the US, the output gap – the difference between actual output and potential output – is estimated at about $1 trillion annually. That means the money supply could be increased by at least $1 trillion annually without driving up prices.
  • If PQE does go beyond full productive capacity, the government does not need to rely on the central bank to pull the money back. It can do this with taxes. Just as loans increase the money supply and repaying them shrinks it again, so taxes and other payments to the government will shrink a money supply augmented with money issued by the government. Using 2012 figures (drawing from an earlier article by this author), the velocity of M1 (the coins, dollar bills and demand deposits spent by ordinary consumers) was then 7. That means M1 changed hands seven times during 2012 – from housewife to grocer to farmer, etc. Since each recipient owed taxes on this money, increasing M1 by one dollar increased the tax base by seven dollars. Total tax revenue as a percentage of GDP in 2012 was 24.3%. Extrapolating from those figures, $1.00 changing hands seven times could increase tax revenue by $7.00 x 24.3% = $1.70. That means the government could, in theory, get more back in taxes than it paid out. Even with some leakage in those figures and deductions for costs, all or most of the new money spent into the economy might be taxed back to the government. New money could be pumped out every year and the money supply would increase little if at all.
  • Besides taxes, other ways to get money back into the Treasury include closing tax loopholes, taxing the $21 trillion or more hidden in offshore tax havens, and setting up a system of public banks that would return the interest on loans to the government. Net interest collected by U.S. banks in 2014 was $423 billion. At its high in 2007, it was $725 billion. Thus there are many ways to recycle an issue of new money back to the government. The same money could be spent and collected back year after year, without creating price inflation or hyperinflating the money supply. This not only could be done; it needs to be done. Conventional monetary policy has failed. Central banks have exhausted their existing toolboxes and need to explore some innovative alternatives.
  • Paul Merrell on 24 Sep 15
     
    Debt having failed as a method of money creation leads us back to the printing press method. But on whom are those helicopters to drop their new money? And how to we ensure that the banksters are not among them?
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NYT Trumpets U.S. Restraint against ISIS, Ignores Hundreds of Civilian Deaths - The Int... - 0 views

firstlook.org/...nores-hundreds-civilian-deaths war & peace U.S.-foreign-policy Iraq Syria ISIL sandbagging civilian-victims
shared by Paul Merrell on 28 May 15 - No Cached
  • The New York Times this morning has an extraordinary article claiming that the U.S. is being hampered in its war against ISIS because of its extreme — even excessive — concern for civilians. “American officials say they are not striking significant — and obvious — Islamic State targets out of fear that the attacks will accidentally kill civilians,” reporter Eric Schmitt says. The newspaper gives voice to numerous, mostly anonymous officials to complain that the U.S. cares too deeply about protecting civilians to do what it should do against ISIS. We learn that “many Iraqi commanders, and even some American officers, argue that exercising such prudence is harming the coalition’s larger effort to destroy” ISIS. And “a persistent complaint of Iraqi officials and security officers is that the United States has been too cautious in its air campaign, frequently allowing columns of Islamic State fighters essentially free movement on the battlefield.”
  • The article claims that “the campaign has killed an estimated 12,500 fighters” and “has achieved several successes in conducting about 4,200 strikes that have dropped about 14,000 bombs and other weapons.” But an anonymous American pilot nonetheless complains that “we have not taken the fight to these guys,” and says he “cannot get authority” to drone-bomb targets without excessive proof that no civilians will be endangered. Despite the criticisms, Schmitt writes, “administration officials stand by their overriding objective to prevent civilian casualties.” But there’s one rather glaring omission in this article: the many hundreds of civilian deaths likely caused by the U.S.-led bombing campaign in Iraq and Syria. Yet the only reference to civilian deaths are two, ones which the U.S. government last week admitted: “the military’s Central Command on Thursday announced the results of an inquiry into the deaths of two children in Syria in November, saying they were most likely killed by an American airstrike,” adding that “a handful of other attacks are under investigation.”
  • Completely absent is the abundant evidence from independent monitoring groups documenting hundreds of civilian deaths. Writing in Global Post last month, Richard Hall noted that while “in areas of Syria and Iraq held by the Islamic State, verifying civilian casualties is difficult,” there is “strong evidence [that] suggests civilians are dying in the coalition’s airstrikes.”
  • Paul Merrell on 28 May 15
     
    Glenn Greenwald ain't buying the DoD excuse for not effectively bombing ISIL Check to make sure your wallet is still there anytime the U.S. federal government starts talking about humanitarian motives in prosecution of its wars. There never has been such a thing as a humanitarian war. And the U.S. government is not concerned about civilian casualties. If it was, it would have stopped instigating direct or proxy foreign wars a very long time ago. Civilian non-combatants always take the brunt of any war. Example: death toll from Iraq War 2.0 stands over 1 million. Casualty stats are not yet available for Iraq War 3.0. 
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Tomgram: Michael Klare, Superpower in Distress | TomDispatch - 0 views

www.tomdispatch.com/...lare%2C_superpower_in_distress Iraq ISIS
shared by Gary Edwards on 01 Jun 15 - No Cached
  • In response, the Obama administration dispatched thousands of new advisers and trainers and began shipping in piles of new weaponry to re-equip the Iraqi army.  It also filled Iraqi skies with U.S. planes armed with their own munitions to destroy, among other things, some of that captured U.S. weaponry.  Then it set to work standing up a smaller version of the Iraqi army.  Now, skip nearly a year ahead and on a somewhat lesser scale the whole process has just happened again.  Less than two weeks ago, Islamic State militants took Ramadi, the capital of Anbar Province.  Iraqi army units, including the elite American-trained Golden Division, broke and fled, leaving behind -- you’ll undoubtedly be shocked to hear -- yet another huge cache of weaponry and equipment, including tanks, more than 100 Humvees and other vehicles, artillery, and so on. The Obama administration reacted in a thoroughly novel way: it immediately began shipping in new stocks of weaponry, starting with 1,000 antitank weapons, so that the reconstituted Iraqi military could take out future “massive suicide vehicle bombs” (some of which, assumedly, will be those captured vehicles from Ramadi).  Meanwhile, American planes began roaming the skies over that city, trying to destroy some of the equipment IS militants had captured.
  • Notice anything repetitive in all this -- other than another a bonanza for U.S. weapons makers?  Logically, it would prove less expensive for the Obama administration to simply arm the Islamic State directly before sending in the air strikes
  • In any case, what a microcosm of U.S. imperial hubris and folly in the twenty-first century all this training and equipping of the Iraqi military has proved to be.  Start with the post-invasion decision of the Bush administration to totally disband Saddam’s army and instantly eject hundreds of thousands of unemployed Sunni military men and a full officer corps into the chaos of the “new” Iraq and you have an instant formula for creating a Sunni resistance movement.  Then, add in a little extra “training” at Camp Bucca, a U.S. military prison in Iraq, for key unemployed officers, and -- Voilà! -- you’ve helped set up the petri dish in which the leadership of the Islamic State movement will grow.  Multiply such stunning tactical finesse many times over globally and, as TomDispatch regular Michael Klare makes clear today, you have what might be called the folly of the “sole superpower” writ large. Tom
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  • Delusionary Thinking in Washington The Desperate Plight of a Declining Superpower By Michael T. Klare
  • Take a look around the world and it’s hard not to conclude that the United States is a superpower in decline. Whether in Europe, Asia, or the Middle East, aspiring powers are flexing their muscles, ignoring Washington’s dictates, or actively combating them. Russia refuses to curtail its support for armed separatists in Ukraine; China refuses to abandon its base-building endeavors in the South China Sea; Saudi Arabia refuses to endorse the U.S.-brokered nuclear deal with Iran; the Islamic State movement (ISIS) refuses to capitulate in the face of U.S. airpower. What is a declining superpower supposed to do in the face of such defiance? This is no small matter. For decades, being a superpower has been the defining characteristic of American identity. The embrace of global supremacy began after World War II when the United States assumed responsibility for resisting Soviet expansionism around the world; it persisted through the Cold War era and only grew after the implosion of the Soviet Union, when the U.S. assumed sole responsibility for combating a whole new array of international threats. As General Colin Powell famously exclaimed in the final days of the Soviet era, “We have to put a shingle outside our door saying, ‘Superpower Lives Here,’ no matter what the Soviets do, even if they evacuate from Eastern Europe.”
  • The problem, as many mainstream observers now acknowledge, is that such a strategy aimed at perpetuating U.S. global supremacy at all costs was always destined to result in what Yale historian Paul Kennedy, in his classic book The Rise and Fall of the Great Powers, unforgettably termed “imperial overstretch.” As he presciently wrote in that 1987 study, it would arise from a situation in which “the sum total of the United States’ global interests and obligations is… far larger than the country’s power to defend all of them simultaneously.”
  • The first of two approaches to this conundrum in Washington might be thought of as a high-wire circus act.  It involves the constant juggling of America’s capabilities and commitments, with its limited resources (largely of a military nature) being rushed relatively fruitlessly from one place to another in response to unfolding crises, even as attempts are made to avoid yet more and deeper entanglements. This, in practice, has been the strategy pursued by the current administration.  Call it the Obama Doctrine.
  • In other words, whoever enters the Oval Office in January 2017 will be expected to wield a far bigger stick on a significantly less stable planet. As a result, despite the last decade and a half of interventionary disasters, we’re likely to see an even more interventionist foreign policy with an even greater impulse to use military force.
  • The first step in any 12-step imperial-overstretch recovery program would involve accepting the fact that American power is limited and global rule an impossible fantasy.
  • Accepted as well would have to be this obvious reality: like it or not, the U.S. shares the planet with a coterie of other major powers -- none as strong as we are, but none so weak as to be intimidated by the threat of U.S. military intervention.
  • Having absorbed a more realistic assessment of American power, Washington would then have to focus on how exactly to cohabit with such powers -- Russia, China, and Iran among them -- and manage its differences with them without igniting yet more disastrous regional firestorms. 
  • fewer military entanglements abroad, a diminishing urge to garrison the planet, reduced military spending, greater reliance on allies, more funds to use at home in rebuilding the crumbling infrastructure of a divided society, and a diminished military footprint in the Middle East.
  • Gary Edwards on 01 Jun 15
     
    Thanks Marbux! "Think of this as a little imperial folly update -- and here's the backstory.  In the years after invading Iraq and disbanding Saddam Hussein's military, the U.S. sunk about $25 billion into "standing up" a new Iraqi army.  By June 2014, however, that army, filled with at least 50,000 "ghost soldiers," was only standing in the imaginations of its generals and perhaps Washington.  When relatively small numbers of Islamic State (IS) militants swept into northern Iraq, it collapsed, abandoning four cities -- including Mosul, the country's second largest -- and leaving behind enormous stores of U.S. weaponry, ranging from tanks and Humvees to artillery and rifles.  In essence, the U.S. was now standing up its future enemy in a style to which it was unaccustomed and, unlike the imploded Iraqi military, the forces of the Islamic State proved quite capable of using that weaponry without a foreign trainer or adviser in sight."
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M of A - U.S. Military Again Delays Training Of Jabhat al-Nusra Recruits - 0 views

www.moonofalabama.org/...saudi-arabia-yemen-syria-.html war & peace Syria U.S.-foreign-policy Al-Nusrah Turkey7 Saudis
shared by Paul Merrell on 08 Apr 15 - No Cached
  • The U.S. had plans to train Syrian insurgents who are then supposed to fight the Islamic State. But Turkey, where the training is supposed to take place, wants those fighters to attack the Syrian government. The U.S. plans, unrealistic to begin with, have again been delayed: A U.S.-led program to train Syrian rebels to fight Islamic State militants will start in May, Turkey's Defense Minister Ismet Yilmaz was quoted as saying by the state-run Anadolu news agency on Tuesday. ... Details on the training - due to take place in Turkey, Jordan, Qatar and Saudi Arabia - have been scant, although it had previously been planned to start this month. This delay comes after Jabhat al-Nusra, the Al-Qaeda affiliate in Syria, captured the Syrian city of Idlib. The Syrian military accuses Turkey of directly supporting Jabhat al Nusra:
  • Echoing more general comments by President Bashar al-Assad, the military source accused both Turkey and Jordan of supporting the insurgents in their Idlib offensive, saying they were "leading operations and planning them". The insurgents were using advanced communication apparatus that had been supplied to them via Turkey, the source added. The Turkish foreign ministry declined to comment. The Saudi columnist Jamal Khashoggi, who is near to the centers of power in Saudi Arabia, confirms the Syrian allegations: Saudi Arabian and Turkish sponsors, [Mr. Khashoggi, the Saudi editor,] said, had backed the coalition of jihadist groups that recently captured the Syrian city of Idlib in the first major victory in months against the government of President Bashar al-Assad. One participant in the coalition was the Nusra Front, the Syrian arm of Al Qaeda, a terrorist group in the eyes of the West. But members of the jihadi coalition “are the ones who captured Idlib, it is an important development, and I think we are going to see more of that,” Mr. Khashoggi said. “Coordination between Turkish and Saudi intelligence has never been as good as now.”
  • Also this: Trita Parsi Western diplomat tells me Saudi has decided to provide al-Nusra (al-qaeda) in #Syria with whatever it needs. If the U.S. military would train those fighters in Turkey they would likely turn into Jihadis attached to Jabhat al-Nusra as soon as they re-enter Syrian land. The Pentagon does not like to be seen in direct support of Al-Qaeda. The CIA though ...
  • Paul Merrell on 08 Apr 15
     
    A U.N. Security Council Resolution issued late last year forbids any form of support for Al Nusrah, ISIL, and Al Qaeda. The U.S. voted for it.
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Obama Visits Jamaica as U.S. Helps Caribbean Quit Venezuelan Oil - Bloomberg Business - 0 views

www.bloomberg.com/...ribbean-quit-venezuelan-oil%20 war & peace Venezuela U.S.-foreign-policy Obama Summit-of-the-Americas
shared by Paul Merrell on 09 Apr 15 - No Cached
  • Obama arrives ahead of a trip to Panama on April 9-11 for the Summit of the Americas
  • Paul Merrell on 09 Apr 15
     
    Starting today, Obama will be catching a lot of flack from Latin-American and Caribbean heads of state for classifying Venezuela as a threat to U.S. National Security and imposing sancitons on that basis. Obama undoubtedly hopes that the blows will be softened by his "i didn't really mean it" line delivered two days ago by a deputy national security advisor. . Not withstanding the soothing words, Obama has not withdrawn his finding or the sanctions he imposed on Venezuela. But those nations' leaders are even more upset by the fact that the U.S., working with Israel, Germany, and the UK, made its second coup attempt in Venezuela earlier this year. The arrest of the conspirators was Obama's excuse for declaring Venezuela a threat to U.S. national security. The U.S. has a sordid history of engineering coups in Latin America and the Caribbean, violating the human right of self-determination of a nation's form of government and other international law prohibiting interference in the internal affairs of other nations.      
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Iran calls for a timetable for global nuclear disarmament - The Washington Post - 0 views

www.washingtonpost.com/...4-b6d7-b9bc8acf16f7_story.html war & peace nuclear-disarmament U.N.
shared by Paul Merrell on 09 Apr 15 - No Cached
  • Iran accused the five nuclear powers Wednesday of failing to take concrete action to eliminate their stockpiles and called for negotiations on a convention to achieve nuclear disarmament by a target date. Iran’s deputy U.N. ambassador Gholam Hossein Dehghani told the U.N. Disarmament Commission that “a comprehensive, binding, irreversible, verifiable” treaty is the most effective and practical way to eliminate nuclear weapons. He accused the nuclear powers — the U.S., Russia, China, Britain and France — of promising nuclear disarmament but making no significant progress. Dehghani’s speech came days after the announcement of a framework agreement between Iran and the five nuclear powers and Germany aimed at keeping Tehran from being able to develop a nuclear weapon. It has to be finalized by June 30.
  • The commission, which includes all 193 member states, is supposed to make recommendations in the field of disarmament but has failed to make substantive proposals in the past decade. Its three-week meeting is taking place ahead of the five-year review of the Nuclear Nonproliferation Treaty (NPT), the world’s single most important pact on nuclear arms, which begins on April 27. The NPT is credited with preventing the spread of nuclear weapons to dozens of nations since entering into force in 1970. It has done that via a grand global bargain: Nations without nuclear weapons committed not to acquire them; those with them committed to move toward their elimination; and all endorsed everyone’s right to develop peaceful nuclear energy.
  • Dehghani said that as a non-nuclear weapon state and NPT member, Iran believes it’s time to end the incremental approach toward disarmament and to start negotiations with all nuclear and non-nuclear weapon states on a convention that would set a deadline for ridding the world of nuclear weapons. He noted that a proposal in 2013 by the Nonaligned Movement, which represents over 100 developing countries, to start negotiations on a comprehensive nuclear weapons convention in the Conference on Disarmament gained wide support. Russia said President Vladimir Putin has confirmed that Moscow is ready for a serious and substantive dialogue on nuclear disarmament. But Olga Kuznetsova, a counselor in Russia’s Foreign Ministry, warned in a speech Tuesday that the U.S. deployment of a global missile defense system could lead to the resumption of a nuclear arms race.
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  • The only way to change the situation, she said, is for states that pursue anti-missile capabilities follow the “universal principle” of not trying to strengthen their security at the expense of the security of other states. Kuznetsova also warned that development of high-precision non-nuclear weapons threatened “strategic parity” between the two nuclear powers and could lead to “global destabilization of (the) international situation in general.” Chinese counselor Sun Lei urged countries to “abandon Cold War mentality” and said those with the largest nuclear arsenals should be the first to make “drastic and substantive” cuts in their nuclear weapons. Ukraine’s representative called for the urgent development of a binding agreement that would give assurances to countries without nuclear weapons that they will not be threatened by nuclear weapons. Pakistani Ambassador Maleeha Lodhi echoed that call.
  • The United States said the negotiation of a treaty that would cap available fissile material “is the next logical step on the multilateral nuclear disarmament agenda.” John Bravaco said the U.S. has not produced fissile material for nuclear weapons since 1989. North Korea’s deputy U.N. ambassador, An Myong Hun, declared that “our nuclear forces are the life and soul of our nation” and will not be given up as long as nuclear threats remain in the world.
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US-trained Syrian rebels refuse to fight ​al-Qaida group after kidnappings | ... - 0 views

www.theguardian.com/...usra-front-al-qaida-kidnapping war & peace Syria U.S.-foreign-policy flop Division30
shared by Paul Merrell on 09 Aug 15 - No Cached
  • A group of Syrian rebels that includes fighters trained by the United States have declared their refusal to fight al-Qaida’s affiliate in the country, the Nusra Front, following a series of kidnappings by the militant group. A source in Division 30, which has endured a campaign of kidnappings by the Nusra Front, said they also oppose the American air strikes carried out in the last few days against the al-Qaida-linked fighters. The statements complicate the American strategy in Syria, which has suffered a string of setbacks and delays, deploying just over 50 fighters dedicated to fighting the terror group Islamic State in the year since its programme to train and equip rebels began. “With all the immense military power the US has at its disposal, the start to the mission is nothing short of an embarrassment and if it has any hope of succeeding, it needs to show results fast,” said Charles Lister, a visiting fellow at the Brookings Doha Center and an expert on Syrian insurgent groups. The Nusra Front launched a campaign of kidnappings and attacks against Division 30 shortly after the arrival of the first contingent of 50 to 60 US-trained fighters from Turkey, accusing the group of seeking to spread American influence.
  • The Qaida affiliate, whose fighters have pledged allegiance to Ayman al-Zawahiri, kidnapped Division 30’s overall commander last week along with six others as they planned an offensive against Isis positions in northern Aleppo. Nusra then attacked Division 30’s headquarters, killing five fighters and wounding 18 others, as the US-backed rebel group appealed for peace. The American-led coalition that has been assembled to fight Isis bombed Nusra positions in Syria in apparent retaliation. The US had previously targeted a Nusra-affiliated faction known as the Khorasan Group, which the Americans say is planning attacks against the west from inside Syria. Nusra’s leader has denied the group exists. Nusra’s campaign against the US-backed rebel unit continued this week, with the Syrian Observatory for Human Rights, a monitoring network with wide contacts inside Syria, saying Nusra kidnapped five more members of Division 30. A source in the US-backed group said those captured were actually families of the fighters.
  • “Division 30 was formed by the honorable sons of Syria to free their nation from Assad’s gangs and Daesh [Isis],” the statement said. “Division 30 pledges before the Syrian people to commit to the principles under which it was formed and to not be dragged into any side battle with any faction, and that it has not fought and will not fight the Nusra Front or any other faction regardless of name or ideology.” A source in Division 30 told the Guardian the group still has members training with the US and that they opposed American airstrikes against Nusra. “We have nothing to do with the coalition strikes, that is the truth and we are opposed to strikes against the Nusra Front’s facilities to this day,” the source said. “Our goal is clear – Daesh followed by the regime.” The latest declarations raise questions about the ability of the US to influence the rebels it has trained on the ground, and the viability of such an effort within Syria’s complex web of insurgent politics and alliances, where Isis and Nusra have emerged as two of the most powerful groups fighting on the ground.
  • ...2 more annotations...
  • It is unclear how many of the rebels actually trained by the US have been incapacitated in the campaign, with conflicting reports from activists and the rebel group itself, which says only one of its US-trained fighters has “disappeared”. In a new statement after the latest spate of kidnappings, Division 30 pledged never to fight Nusra and said it was focused on fighting Isis and the regime of President Bashar al-Assad.
  • “The group almost certainly does not believe some of the things it has said lately, including protesting at US strikes on Nusra, but you can hardly blame them for such attempts at rescuing their credibility on the ground,” said Lister. “It’s quite telling in fact that a majority of the mainstream opposition now views Division 30 and the train and equip mission with intense suspicion – not only for the lack of regime focus, but for the disastrous start the 54 fighters have had.”
  • Paul Merrell on 09 Aug 15
     
    So the U.S. was planning on training 5,000 "moderate" Syrian rebels a year to first fight ISIL and then Assad. But after months of delay, they could only come up with 60 trainees. Now that "Division 60" is chewed up, leaderless, and refuses to fight. U.S. foreign poiicy seems to have issues in its implementation in the Mideast.
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U.S. Wages Have Fallen EVERY Quarter of the 'Recovery' - Jeff Nielson | Sprott Money - 0 views

www.sprottmoney.com/...the-recovery-jeff-nielson.html economy U.S. stats
shared by Paul Merrell on 13 Aug 15 - No Cached
  • For 6 ½ long years, we have been bombarded with the mythology known as “the U.S. economic recovery” by the mainstream media. Exposing this fantasy is simple, since the gulf between myth and reality has grown to such absurd proportions.There is no better starting point than the farcical claim by Barack Obama that “10 million new jobs” have been created during this non-existent recovery. In fact, the U.S. government’s own numbers show that the total number of employed Americans has fallen by more than 3 million over that span, in spite of the population growth over those past 6 ½ years.
  • Updated, the U.S. civilian participation rate has now fallen to a 36-year low, and as the chart clearly shows, it has fallen at a faster rate since the start of this mythical recovery.The lie: “10 million new jobs created”. The fact: more than 3 million jobs lost. This is a reality-gap of 13 million jobs, or exactly 2 million jobs per year. The U.S. economy hasn’t been “creating” 1.5 million new jobs per year. It’s been losing roughly ½ million jobs every year of this fantasy-recovery.Then we have the “heartbeat” of the U.S. economy, its velocity of money. A chart of this heartbeat shows that it has plummeted far lower than at any other time in the 56-year history of this data series. This doesn’t merely show a dying economy, it shows a dead economy.
  • As for the supposed “GDP growth” over this 6 ½ year span, falsifying this statistic requires nothing more than lying about the rate of inflation. Here again, the lie is obvious. The U.S. (and other Western governments) pretend that inflation is near-zero, while in the real world, food and housing prices have been soaring at the fastest rate in our lifetime over the past 10 – 15 years.Then we have U.S. energy consumption. Again the picture is clear. Overall U.S. energy consumption peaked in 2007 and has been falling since then, while official gasoline consumption has been plummeting for several years. Growing economies use more energy. Shrinking economies use less energy. Case closed.All this is old news to regular readers, however. What has been less easy to document in any sort of definitive way has been the fall in U.S. wages. The problem is that to express wages meaningfully, we must use “real dollars”, i.e. we must adjust these wages for inflation. With the U.S. government only providing nominal data about U.S. wages, and consistently lying about the actual inflation rate; we have lacked the data to make any conclusive statement.A recent boast by the U.S. government/Corporate media (i.e. another false claim) has now provided us with a clearer picture here, going back to the beginning of this imaginary recovery. In trying to downplay the absence of any wage-growth in the U.S. in Q2 of this year; the propaganda machine made this claim:…That is down from a 2.6 percent increase in the first quarter [of 2015], which was the biggest in 6 ½ years. [emphasis mine]
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  • The claim is that nominal wages in the U.S. rose at the fastest rate “in 6 ½ years” in the first quarter of 2015, i.e. the highest rate during the entire pseudo-recovery. Now let’s discount that number with the (real) rate of inflation, in order to get a real-dollar number for U.S. wages.
  • Thus the U.S. government itself has now provided us with a definitive picture on U.S. wages. During Q1 of this year, the high-water mark for U.S. wage “growth” during the entire Recovery; U.S. wages were still falling. Ipso facto, U.S. wages have been falling every quarter of this recovery.Now we begin to see the whole truth in the U.S. labour market, versus the absurd, official claim of lots of “new jobs” and “rising wages”. U.S. employment has been falling, not rising, every quarter, every year. U.S. wages have been falling, not rising, every quarter, every year. But that picture is still incomplete.The total number of hours worked by the Working Poor is also falling, and in 18 out of 20 of the U.S.’s industrial sectors, total number of hours worked is still lower than during the so-called Great Recession. This is also reflected in the fall in the percentage of full-time employees.
  • To summarize: since the beginning of the imaginary U.S. economic recovery, there are millions fewer Americans who are now employed. Their wages have been falling for every quarter of the “recovery”, and they are also working fewer hours. Growing economies create more jobs; shrinking economies lose jobs. Strong economies have rising (real) wages; weak economies have falling wages. Once again we see the supposed U.S. recovery is pure mythology.However, with respect to the destruction of the U.S. standard of living, to truly appreciate what has been done to the U.S. population (and the populations of nearly all of the Corrupt West), we must look at the picture over a much longer term. In the 40 years before the beginning of this imaginary recovery, the wages of the Average American fell by roughly 50% (in real dollars).
  • Now the descent of the majority of the U.S. population to Third World status becomes crystal clear. From 1970 to the beginning of 2009 (i.e. the current “recovery”), U.S. wages fell roughly 50%. Then came the mythical Recovery, and U.S. wages have continued to fall, quarter after quarter after quarter. The Great Recovery has been worse than the Great Recession which came before it.What do we call it when a nation experiences a “great recession”, and then the economy continues to crumble at an even faster rate after that, year after year? We call it a Greater Depression.Shrinking economy. Losing jobs. Falling wages. Declining energy consumption. No “heartbeat”. Has anything been left out, in describing this U.S. economic Armageddon? Certainly.The U.S. government is obviously bankrupt. The U.S. dollar is obviously worthless. The U.S. economy has been run completely into the ground. When the current, assorted bubbles are deliberately popped (almost certainly in 2016, or late-2015), and Old-Man Buffett goes on a massive shopping spree with the $60+ billion he is now currently hoarding; there will be nothing left but economic rubble. And Milton Friedman will be smiling, from (way) down in his final, resting place.
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American Thinker: Taking Back Our Constitution by Anthony G.P. Marini - 0 views

www.americanthinker.com/...ing_back_our_constitution.html Take-Back-America usa-constitution tea-party constitutional-conservatism
shared by Gary Edwards on 14 Aug 10 - Cached
  • However, any powers that the Congress derives regarding commerce activities arise from Article I, Section 8 of the Constitution: "[Congress has the power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian tribes[.]"This clause was considered silent because lawmakers couldn't figure out a straight-faced way to exploit this narrowly-defined power: The actual wording gives Congress power to regulate commerce among the states, but not between individual citizens
  • So by conflating a generous reinterpretation with commerce-related laws, the Congress gave itself the authority to regulate individual citizens.
  • Congress required new powers of the purse...the power to tax outside of those powers explicitly set forth in Article I, Section 8 of the Constitution:
  • ...4 more annotations...
  • Congress was able to accomplish what was once unthinkable by past Congresses. Congress acquired the legislative tools required to implement a sweeping, socially progressive agenda using just two words: Commerce and Welfare.
  • two mid-1930s Supreme Court decisions2 did the Congress finally get their desired taxation superpowers.
  • clause. However actual expansions of these powers were a long time coming, and
  • not until
  • Gary Edwards on 14 Aug 10
     
    Americans, the Constitution of the United States of America doesn't belong to us anymore. We have let our guard down one too many times with regard to our constitutional responsibilities, rights, and liberties, and now elected politicians control the document. Because of a lack of vigilance and perhaps of laziness on our part, our representatives and our government constrain and dominate us using legislative powers obtained from interpretations, penumbrae, and self-serving close calls for scant (and vaguely defined) words in our Constitution. It took a long time for Congress and the government to amass these powers that they have taken from us, and they certainly won't relinquish them as easily as we gave them up. But with unflinching purpose, we must begin to take the Constitution back, as well as reimpose limits on congressional powers, for the sake of future Americans. The start of flagrant congressional abuse of the Constitution may be traced to the late 19th century1, when lawmakers found they could exploit the previously "silent" commerce clause. As Americans are highly dependent upon commerce, a government that can control all aspects of commerce is a very powerful government indeed. However, any powers that the Congress derives regarding commerce activities arise from Article I, Section 8 of the Constitution: "[Congress has the power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian tribes[.]" This clause was considered silent because lawmakers couldn't figure out a straight-faced way to exploit this narrowly-defined power: The actual wording gives Congress power to regulate commerce among the states, but not between individual citizens. So by conflating a generous reinterpretation with commerce-related laws, the Congress gave itself the authority to regulate individual citizens.
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The Weekend Interview with Robert Mundell: On Currency, Where Do We Go From Here? - WSJ... - 0 views

online.wsj.com/...4361504575552481963474898.html gold gold-currency robert-mundell milton-friedman international-monetary-system fiat-currencies
shared by Gary Edwards on 20 Oct 10 - No Cached
  • Gary Edwards on 20 Oct 10
     
    Mr. Mundell has a knack for boiling things down to simple terms. He grew up on a four-acre farm in Ontario, went on to earn a Ph.D. from the Massachusetts Institute of Technology, and would ultimately challenge the renowned Milton Friedman at the University of Chicago during the late 1960s. Both economists were strong proponents of free markets, but Mr. Mundell disagreed with Mr. Friedman's advocacy of floating exchange rates. The sound of a buzzer indicates lunch has arrived. Mr. Mundell suggests that we continue our discussion at the table and politely invites his assistant Ivy Ng, who has been taking careful notes, to join us. "We've been talking about the possibility of global monetary reform," I continue, deciding to switch gears. "Let's talk a bit about domestic monetary policy. What do you think the Federal Reserve should be doing right now?" It's a seamless transition for Mr. Mundell. "The Fed is making a big mistake by ignoring movements in the price of the dollar, movements in the price of gold, in favor of inflation-targeting, which is a bad idea. The Fed has always had the wrong view about the dollar exchange rate; they think the exchange rate doesn't matter. They don't say that publicly, but that is their view." "Well," I counter, not particularly savoring the role of devil's advocate, "I suppose Fed officials would argue that their mandate is to try to achieve stable prices and maximum levels of employment." Mr. Mundell looks annoyed. "Well, it's stupid. It's just stupid." He tries to walk it back somewhat. "I don't mean Fed officials are stupid; it's just this idea they have that exchange-rate effects will eventually be taken into account through the inflation-targeting approach. In the long run, it's not incorrect-it takes about a year. But why ignore the instant barometer that something is happening? The exchange rate is the immediate reaction to pending inflation. Look what happened a couple weeks ago: The Fed started to say, we've got to pr
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The History of the 'Tea Party' Movement? - NH Tea Party Coalition - 0 views

www.nhteapartycoalition.org/...ho-owns-the-tea-party-movement tea-party ron-paul
shared by Gary Edwards on 30 Oct 10 - No Cached
  • Gary Edwards on 30 Oct 10
     
    The true history of the tea party movement: The very first tea party  was held by Congressman Ron Paul (R - Texas) supporters December 16, 2007 for calling attention to a "money bomb." People dumped boxes labeled "taxes, war, big government" into the Boston harbor. Similar events took place around the country. A more organized protest happened on July 12, 2008 when 10,000 Ron Paul supporters descended upon DC at the West Side of Capitol Hill for a "Revolution March". The main theme of the March and Rally was Dr. Ron Paul's message of Peace, Prosperity, and Freedom through adherence to the Constitution. The Keynote Speaker and Guest of Honor was Dr. Paul himself. Later both of these were known as the resurgence of the American "tea party" or the "re-teaparty". In February of 2009, a CNBC financial talking head named Rick Santelli burst forth with his famous rant in reaction to the mortgage crash. The traders on the floor of the CME Group joined him in expressing their outrage over the notion they may have to pay their neighbor's mortgage, particularly if they bought far more house than they could actually afford. "President Obama, are you listening?" he shouted into the camera to the amused interviewers. He then said he would even start organizing a tea party to happen in July at Lake Michigan because what we are doing now was making our founding fathers "roll over in their graves". Later, many "912″ groups formed after an idea proposed by Glenn Beck. And thus, we are a happy conglomeration of all of these elements. Because by now, Americans were beginning to realize that neither party was serving their interests and our country was going down the tubes fast. And thus, the movement was born. Conservatives, some who'd never been politically active before, took to the streets. Progressives and leftists at first thought it was just a tiny minority, but then the numbers grew. It became apparent that this was no small phenomenon a
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How Did A Single Unconstitutional Agency Become The Most Powerful Organization In America? - 2 views

www.businessinsider.com/ed-is-unconstitutional-2010-11 Abolish-the-Fed Federal-Reserve Jekyll-Island financial-collapse financial-oligarchs Ashvin-Pandurangi Banksters banksters
shared by Gary Edwards on 08 Nov 10 - No Cached
  • Gary Edwards on 08 Nov 10
     
    No other country had ever codified the structures and processes of their governing institutions to such an extent in one single document. Many people focus on the Bill of Rights when speaking about the Constitution, but the first four Articles are just as important. They synthesized political ideas that were developed over hundreds of years by some of the most insightful thinkers, such as separation of federal powers, checks and balances, vertical division of powers (federalism), an independent judiciary and, of course, representative democracy. The latter emphasizes the notion that any policies enacted by the federal government must be authorized by the people, through their elected representatives who are held accountable to constituents every few years. So what's the state of our Constitutional democracy today? Simple, it doesn't exist. International corruption surveys typically rank the U.S. higher (less corrupt) than most other countries, but this simply proves how bad these surveys are at capturing the essence of real, hardcore corruption. We could write stacks of books on the prevalence of money in politics and the swarms of lobbyists who descend on Washington every single week, and many people have, but it's simpler to just focus on the most egregious example of corruption. The most powerful, influential economic policy-making institution in the country, the Federal Reserve ("Fed"), is an unelected body that is completely unaccountable to the people. Well, let's back up and start with the fact that this institution's very existence is most likely unconstitutional. Here's why: Article I, Section 8 of the Constitution states that Congress has the power to "coin money" and "regulate the value thereof". The Supreme Court has long held that Congress can delegate its legislative powers to Executive agencies as long as it provides an "intelligible principle" to guide the agencies' acti
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We've got plenty of "Bad Banks" - What we really need now is one "Good Bank" :oseph Sti... - 0 views

www.businessinsider.com/stiglitzs-bailout-piece-2009-3 financial-crisis obama-socialism bank-crisis banksters
shared by Gary Edwards on 05 Mar 09 - Cached
  • Gary Edwards on 05 Mar 09
     
    Nobel prize winning economist Joe Stiglitz has an important article in the Nation arguing for "A Bank Bailout That Works." Unfortunately, it won't be read by many people because it's in The Nation and it's thousands of words long. The six points are: Solvency not liquidity ..... TARP sucks .... Forget the Bad Bank .... Drop the insurance idea ...Public private partnerships won't work either ... We have enough bad banks - Let's start a good one! That's where we come in. We went ahead and read the entire thing so you don't have to. Here are the six things you need to know from Stiglitz's piece. Feel free to pretend you read it. We won't tell.
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How Washington can prevent 'zombie banks' : Reagan Treasury Secretary, James Baker - 0 views

www.ft.com/...97-11de-ab0f-000077b07658.html financial-crisis socialism james-baker Nouriel-Roubini banksters
shared by Gary Edwards on 02 Mar 09 - Cached
  • Gary Edwards on 02 Mar 09
     
    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.
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Housing and Financial Markets Crisis: $700 Billion Bailout Plan, Background, Analysis a... - 0 views

www.heritage.org/...HousingandFinancialMarkets politics socialism capitalism usa-constitution founding-fathers liberty marxism european-socialism property-rights
shared by Gary Edwards on 29 Oct 08 - Cached
  • Gary Edwards on 29 Oct 08
     
    The Heritage Foundation has put together an extensive list of articles on the Housing and Financial Markets Crisis. There are three issues of great concern. We need to get to the bottom of what caused this crisis and why? We need to understand how we got here before locking into to long term economic proposals that ignore the political root causes! We also need to understand how our government has managed to compromise the constitutional principals that served this country so well for so long. This page of articles and commentaries is a great place to start.
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An $800 Billion Mistake | by Martin Feldstein - Washington Post January 29, 2009 - 0 views

www.nber.org/...washingtonpost_012909.html financial-crisis mortgage-crisis fannie-freddie banksters
shared by Gary Edwards on 30 Jan 09 - Cached
  • Gary Edwards on 30 Jan 09
     
    As a conservative economist, I might be expected to oppose a stimulus plan. In fact, on this page in October, I declared my support for a stimulus. But the fiscal package now before Congress needs to be thoroughly revised. In its current form, it does too little to raise national spending and employment. It would be better for the Senate to delay legislation for a month, or even two, if that's what it takes to produce a much better bill. We cannot afford an $800 billion mistake. Start with the tax side.
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The Return of Carterism? - WSJ.com Opinion - 0 views

online.wsj.com/...SB123257527543603751.html carter socilaist obama chamberlain
shared by Gary Edwards on 28 Jan 09 - Cached
  • Gary Edwards on 28 Jan 09
     
    America's other important foreign-policy goal, Mr. Obama wrote, was reducing global poverty: the root cause, in his view, of terrorism and political extremism around the world. By "sharing more of our riches to help those most in need," by building up the social and economic "pillars of a just society" both at home and abroad, America could bring security and stability to the entire world-if, he added, the task was undertaken "not in the spirit of a patron but in the spirit of a partner-a partner mindful of his own imperfections." In short, instead of being the world's swaggering policeman, America would become the world's self-effacing social worker. Obama's democrat opponents espoused the same compromising apologetics, blame America first, peace in our time style give us a new start voices, focusing on international cooperation and multilateralism, exhausting every avenue of diplomacy before resorting to military action, "avoiding false choices driven by ideology," and devoting our resources to problems like global warming and Third World poverty. If pursued sincerely and consistently, such a course, Hillary was confident, would keep us safe, restore America's image, and win the respect of the planet. Or would it? For a little historical perspective, it might be useful to look at the last president who embraced exactly the same analysis of America's foreign-policy problems and enacted exactly the same strategy for resolving them. Hello Jimmy Carter you idiot!
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Soros Foresaw the End of an Era - The New York Review of Books - 0 views

www.nybooks.com/21934 soros marxism socialism politics financial-crisis economy hedge-funds obama banksters
shared by Gary Edwards on 18 Nov 08 - Cached
  • Gary Edwards on 18 Nov 08
     
    NYTImes Review of Soros Book: "The End of an Era": At the start of this year, Soros, convinced (correctly) that the financial crisis was far from over, adopted a bearish investment strategy, which he describes thus: "short US and European stocks, US ten-year government bonds, and the US dollar; long Chinese, Indian, and Gulf States stocks and non-US currencies." Initially, some of these positions didn't pay off. Between January and March, US bonds rallied and Indian stocks tumbled, wiping out gains in other parts of Quantum's portfolio. Just how Soros has fared in the past few months of market turmoil may be known only to investors in Quantum, but it would be foolhardy to bet against him.
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