"In a time of universal deceit telling the truth is a revolutionary act." -George Orwell

Posts Tagged ‘Culture Of Greed’

On Memorial Day Good Americans Should Mourn First The Millions America Has Slaughtered In Their Names

In Uncategorized on May 27, 2013 at 8:41 pm

http://www.ctdoutdooradventures.com/wp-content/uploads/memorialday2013.jpgOldspeak: “Memorial Day has been hijacked, just as our nation has been hijacked, by the investment banks of the Military-Industrial-Complex. Its corporate owned media promotes and hails an indiscriminate celebration of all US wars as heroic. These Memorial Day festive celebrations have become a tradition of praising those of us who followed orders to kill designated enemies unquestioningly in more than a dozen nations since 1945 – and of military commanders, politicians and media anchors solemnly professing gratitude for the supreme sacrifice of those who died as a result.” -Jay Janson

“Another freethinking perspective from a veteran on Memorial Day. One need only observe the near constant exhortations to travel, consume, and celebrate to see how thouroughly contorted, comodified and militarized this originally solemn and sacred day remembering the fallen in the U.S. Civil War has become. The Iraq War was started based on lies. The Vietnam War was started based on lies, the War On Terror was started based on lies…. any number of  other U.S. started wars have been started under false pretenses. None was honorable. They were undertaken to protect the interests of elites and ideologues who have little interest in freedom, liberty and justice for all, but quite a lot in maximizing profits for shareholders. Idealistic, patriotic and brave men were lied to, broken, built up again, programmed to kill enemies of the state without question. The slaughter has been global and the true extent of which largely unknown to most Americans. On this Memorial Day, trade in your barbeques, parties and brews for mourning, contemplation and protest. There is nothing to celebrate about war. Carnage and misery are what are remembered by most of its victims.  We should remember them as well.”

By Jay Janson @ Dissident Voice:

This veteran is waiting for the year in which the Veterans For Peace, in its Memorial Day Press Release, states that Veterans mourn first, the lives America took in poor countries, both the civilian men, women and children and the patriots that fought our illegal and criminal invasions since 1945. Only then should come bitterly mourning GIs who were duped by our elected officials and the CIA and Pentagon fed, corporate-controlled war-promoting media cartel fooling them with lies, misinformation, disinformation and psyop techniques that deceived them into proudly following homicidal criminal orders, for which they are obviously liable for prosecution. Orders given, as Martin Luther King Jr. cried out, “for atrocity wars and covert homicide meant to maintain unjust predatory investments overseas.”1

Your writer’s four buddies from basic training, whose corpses are somewhere in North Korea, would have wanted this kind of a press release. They were normal guys, still kids really. We thought going into the army was just something everyone had to do. They would have been pissed off to see cruelly ignorant Americans praising them on Memorial Day for their sacrifice. Jesus knows they did not want to die for any reason, let alone while killing others for lies. They loved waking up in the morning, loved children, all children, cute Korean children, especially. They were asking themselves, why are we killing Koreans in their own country?

If these four young men knew what I know now, whew! If they could rise up, they would surely be going after those high ranking military with lots of colorful ribbons on their smart uniforms, surrounded by flags and glorifying the US war in Korea and in all the dozens of countries since.

Damn! In 1945, the US Army landed in a Korea that America had recognized as Japanese territory since 1905 and during a forty year brutal occupation, in return for Japan’s acceptance of the US claim to own the Philippines and other islands in Asian waters.2 State Department officials quickly shut down the democratic all-Korea government the Japanese commanding general had allowed Koreans to form, once Japan was defeated. Knowing this Korean government would not be pro-US, they set up in its place, a US Army military government; cut the nation in two and installed a brutal Korean from Washington as President. His special services and secret police would account for massacres totaling up to nearly 200,000 men, women, and their children in the years before the army of North Korea invaded and united the peninsula in five short weeks as the army of the Southern dictator defected or went home. These massacres of communists, socialists, unionists, and people that did not accept the US partition of their country and kept secret by American media have now been fully document by a Truth and Reconciliation Commission set up by the South Korean Congress.3 The US has recently officially apologized for its own massacres of civilians in the South.

North Korea today is the most militarized nation on the planet because it was leveled twice by merciless bombing, threatened with atom bombs, and for sixty-three years has suffered US-arranged international sanctions meant to cripple it, and a continual campaign of slanderous attack in US media and never ending threats from Washington, while twice a year, great war game exercises go on so near its coast that the booms of US naval ships’ cannon and missiles are clearly heard in its capital city. Last month saw the largest naval live-fire exercise in history, reportedly with North Korean flags painted on targets. What else could be the explanation of its leader threatening to hit the US with the few nuclear weapons it has, knowing the America that menaces it has 20,000, and the most powerful armed force in the history of the world. But we have seen ‘the crazy North Korean leader story’ on prime time for a month. Last year right after US-South Korean war games, a South Korea warship was blown in two, probably by a US mine, but what is believed all over the Western media dominated world is that was an old North Korean torpedo. Who knows or cares that the Chinese, the Russian Navy and a Japanese investigation found the accusation not credible, that the US and its UN Secretary General stooge refused to consider a North Korea request for a UN investigation of what it was accused of.4 No, the torpedo story was featured for weeks to justify tighter that ever sanctions and stronger threats than before, and Libya was a frightening example of what may be awaiting it.

If the media features for nine months, weaponized pick-up trucks run by tough looking hombres as peaceful demonstrators against the government of oil wealthy Libya, a nation with a living standard higher than nine European countries, it becomes ‘truth,’ and the liberator of what was the poorest country in Africa, and leader of African Unity against continuing European exploitation, winds up with a blade up his backside, after being cornered by British and French warplanes. No matter the president of Italy told media, “Gadaffi is loved by his people.”

Not until US world hegemony is overthrown, will ordinary people come to know that almost one million Libyans, out of a total country population of six, were desperately demonstrating for their government and leader outside Tripoli as British and French high tech war planes were finishing off their nation’s army.5

Note to US media personalities: Among the generals who were imprisoned or hung after trail at Nuremberg, were five media celebrities.

There are either similar absurd media concocted stories, or no story at all, that excuse US crimes against humanity in the dozens of nations US designated local bad guys have been mass murdered to help a little country out, and protect the American way of life in the US. America is so good to invade and bomb and overthrow violently governments all for the benefit of nearly a billion people.

Greece, Korea, Guatemala, Congo, Laos, Vietnam, Cambodia, Iran, Dominican Republic, Indonesia, Lebanon, Cuba, Somalia, Sudan, Afghanistan, Iraq, Yemen, Pakistan, Serbia/Kosovo, Bosnia, Libya; the list of countries covertly attacked and government overthrown is longer and contains almost every nation in Latin America, many times over if crimes against peace Nuremberg Principle VI are included.

Note that remember, invading little countries was nothing new for the US before World War II – Mexico, Nicaragua, Haiti, Philippines, China, Puerto Rico, Cuba, and more.

Again, this veteran is hoping that the Veterans For Peace Memorial Day Statement Press Release will say that VFP, or at least many if not all VFP, mourn the patriots of US invaded countries that fell fighting against overwhelming odds, and their civilian countrymen and children who also fell in harms way of those US invading forces. To be polite, we mourn them first before mourning our own soldiers who were killed in the line of duty following our government’s criminal orders. Otherwise how can anyone believe VFP condemns the taking of all these millions of lives of poor people overseas in illegal criminal military action; an illegal use of military that Representative from Texas, Congressman and Republican candidate for president, denounced (but did not call for prosecution).

Nothing less than this can possibly dent the usual Memorial Day adulation for dying for what Martin Luther King called “atrocity wars for maintaining unjust predatory investments on three continents.”

Here is what this veteran would have Veterans For Peace to say to Americans on Memorial Day:

Dear Fellow Americans,

No Americans knows more about US Wars than your veterans, who fought alongside buddies who did not make it home alive and will be mourned throughout the nation this weekend.

This Memorial Day 2012, Veterans For Peace is asking their fellow Americans to morn quietly at home. We ask that all sincerely patriotic citizens not take part in military parades and festive open-air observances under flags flying military colors. It anyone asks you why, say you don’t like selective mourning, that is, mourning our dead but not those our soldiers killed.

Memorial Day has been hijacked, just as our nation has been hijacked, by the investment banks of the Military-Industrial-Complex. Its corporate owned media promotes and hails an indiscriminate celebration of all US wars as heroic.

These Memorial Day festive celebrations have become a tradition of praising those of us who followed orders to kill designated enemies unquestioningly in more than a dozen nations since 1945 – and of military commanders, politicians and media anchors solemnly professing gratitude for the supreme sacrifice of those who died as a result.

We, your fellow Americans, who were trained to kill, and later fell in love with the dear people of the countries we were sent to kill, strongly suggest, for the protection of your children, that you tune out network news coverage of Memorial Day.

Corporate owned commercial media, with an unrelenting agenda of deceitful war propaganda has taken the lives of many of your loved ones, luring them into serving a shameful use of military power, while your sons and daughters, in all good faith, sought only to serve their country.

These wars were undeclared and illegal and resulted in the terrible deaths of millions of fellow human beings in their own small and beloved countries – often as not, dying in their very own homes. Last year one of the three present candidates for president firmly denounced these wars as having been illegal, unconstitutional, criminal and a monstrous disaster for America.

Veterans For Peace endorses the Martin-Luther-King-Jr.-Condemened-US-Wars-for-Predatory-Investments-International-Awareness-Campaign. Most members believe Martin Luther King Jr. was shot dead because he would have awakened public responsibility and our capability to make such illegal wars unacceptable and inoperable through non-participation, non-support and conscientious objection. That would have crippled investor profits. King is mourned as a victim of US wars for profit.

Rev. King, was dangerous for the elite investing community that rules the 99% of us. He condemned all US wars and clandestinely organized violence “all around the world “created to maintain “unfair predatory overseas investments.” King had the charisma to have prosecuted successfully what he called atrocity wars and crimes against humanity in the street and in the court of public opinion as he prosecuted successfully racist crimes against humanity at home.

Veterans condemn the Militarization of Memorial Day that originally was a sacred day of mourning the civil war that took loved ones of both sides who once passed to the afterlife are reunited in brotherhood.

Veterans For Peace sincerely wishes everyone a peaceful, loving and contemplative Memorial Day.

The above was a draft submitted to Veterans For Peace upon the request of last year’s Veterans For Peace President, but not published.

Members of the Memorial Day Press Release Drafting Committee should realize, if not worrisome, that there are very few people who believe that Veterans For Peace will bring these wars to an end or intends to do so, even though, logically, those who willing did the killing are the Americans who should most be able to lead their being made unacceptable and eventually inoperable.

Leadership of its largest chapters have even opposed the national office statement of support for the impeachment proposal presented by Rep. Dennis Kucinich and others in the House of Representatives. At the same time former VFP president Elliot Adams was in court after indicting President Obama everyone following his criminal orders at the US Air Force Drone base at Hancock, New York.

I am absolutely convinced eventually a renegade faction of Veterans For Peace will constitute itself, and on a future Memorial Day, publish a Memorial Day press release of its own along going further, and calling for the prosecution of not only the government, but war investors, war promoters in media and clergy and the war crimes committed by military personnel.6
Prosecute our own before our victims unite and prosecute all of us.

  1. See Beyond Vietnam: a Time to Break Silence sermon. []
  2. See Diplomacy That Will Live in Infamy, New York Times, James Bradley, 12/5/2009. See also the Taft-Katsura Agreement. []
  3. Korean Truth and Reconciliation Commission. []
  4. See Independent Media as Mouthpiece for Centers of Power, Dissident Voice. []
  5. See One million libyans marching in tripoli in support of gaddafi “million march” or search for many articles and videos. []
  6. See Prosecute US Crimes Against Humanity Now. []

Jay Janson, spent eight years as Assistant Conductor of the Vietnam Symphony Orchestra in Hanoi and also toured, including with Dan Tai-son, who practiced in a Hanoi bomb shelter. The orchestra was founded by Ho Chi Minh,and it plays most of its concerts in the Opera House, a diminutive copy of the Paris Opera. In 1945, our ally Ho, from a balcony overlooking the large square and flanked by an American Major and a British Colonel, declared Vietnam independent. Everyone in the orchestra lost family, “killed by the Americans” they would mention simply, with Buddhist un-accusing acceptance. Jay can be reached at: tdmedia2000@yahoo.com. Read other articles by Jay.

The Secret History Of The War Over Oil In Iraq: The Real Reason For The Iraq War

In Uncategorized on March 30, 2013 at 6:47 pm

Oldspeak: “Oil men, whether James Baker or George Bush or Dick Cheney, are not in the business of producing oil. They are in the business of producing profits. And that’s how George Bush won the war in Iraq. The invasion was not about “blood for oil”, but something far more sinister: blood for no oil. War to keep supply tight and send prices skyward. And they’ve succeeded. Iraq, capable of producing six to 12 million barrels of oil a day, still exports well under its old OPEC quota of three million barrels.” Behold! Grand Area Doctrine par excellence. “Military intervention at will…  it declared that the US has the right to use military force to ensure “uninhibited access to key markets, energy supplies, and strategic resources,” and must maintain huge military forces “forward deployed” in Europe and Asia “in order to shape people’s opinions about us” and “to shape events that will affect our livelihood and our security.” -Noam Chomsky. When you see the full length and breadth of the depraved and anti-human logic profit-hungry corporocrats concoct to serve their anti-democratic ends, all you can do is shake your head and sigh. Why? Why were over 100,ooo poor, working and middle class Americans killed and maimed? Why have 1,ooo,ooo Iraqi men women and children been killed, with untold numbers on of Americans & Iraqis poisoned and permanently disfigured via the rain of depleted uranium bullets and shells rained on Iraq? Artificially imposed scarcity to generate exorbitant profits, or in a word: Greed. They believe wholeheartedly in the immortal words of Gordon Gekko “Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA” They see the world as a “college of corporations, inexorably determined by the immutable bylaws of business“. They see the USA as a failing corporation, and they’re looting it before it goes bankrupt. Buying and selling everything that isn’t nailed down, including people. We the people are not really people in their eyes. We’re employees. Unsecured creditors. Revenue streams. All expendable, as evidenced by the breathtaking misadventures in Iraq. The ironic thing is this diabolical plan and illegal war, will help the planet as whole. 10 million less barrels of oil have been burned. The profits accumulated and trillions of dollars wasted are artificial. The real costs in lives and resources have been unacceptably and unnecessarily high. If things remain as they are, conditions will deteriorate. These resource wars will become more more frequent, when there isn’t enough to go around.  Sadly this secret history will not become public, I don’t expect corporate media to pick up on what this intrepid journalist has reported. The official stories and counter-stories have been inculcated. War crimes will continue to go unpunished. Could we expect anything else from a civilization that organizes itself around entities like  sociopathic multinational energy corporations?

By Greg Palast @ Vice Magazine:

Greg Palast is a New York Times bestselling author and fearless investigative journalist whose reports appear on BBC Television Newsnight and in The Guardian. Palast eats the rich and spits them out. Catch his reports and films at www.GregPalast.com, where you can also securely send him your documents marked, “confidential”.

Because it was marked “confidential” on each page, the oil industry stooge couldn’t believe the US State Department had given me a complete copy of their secret plans for the oil fields of Iraq.

Actually, the State Department had done no such thing. But my line of bullshit had been so well-practiced and the set-up on my mark had so thoroughly established my fake identity, that I almost began to believe my own lies.

I closed in. I said I wanted to make sure she and I were working from the same State Department draft. Could she tell me the official name, date and number of pages? She did.

Bingo! I’d just beaten the Military-Petroleum Complex in a lying contest, so I had a right to be chuffed.

After phoning numbers from California to Kazakhstan to trick my mark, my next calls were to the State Department and Pentagon. Now that I had the specs on the scheme for Iraq’s oil – that State and Defense Department swore, in writing, did not exist – I told them I’d appreciate their handing over a copy (no expurgations, please) or there would be a very embarrassing story on BBC Newsnight.

Within days, our chief of investigations, Ms Badpenny, delivered to my shack in the woods outside New York a 323-page, three-volume programme for Iraq’s oil crafted by George Bush’s State Department and petroleum insiders meeting secretly in Houston, Texas.

I cracked open the pile of paper – and I was blown away.

Like most lefty journalists, I assumed that George Bush and Tony Blair invaded Iraq to buy up its oil fields, cheap and at gun-point, and cart off the oil. We thought we knew the neo-cons true casus belli: Blood for oil.

But the truth in the Options for Iraqi Oil Industry was worse than “Blood for Oil”. Much, much worse.

The key was in the flow chart on page 15, Iraq Oil Regime Timeline & Scenario Analysis:

“…A single state-owned company …enhances a government’s relationship with OPEC.”

http://assets.vice.com/content-images/contentimage/no-slug/c2e001a56cbf6658dfc45f72dcf71b55.jpg
An infographic produced by the author presenting the Iraq war’s secret history. Click to enlarge.

Let me explain why these words rocked my casbah.

I’d already had in my hands a 101-page document, another State Department secret scheme, first uncovered by Wall Street Journal reporter Neil King, that called for the privatisation, the complete sell-off of every single government-owned asset and industry. And in case anyone missed the point, the sales would include every derrick, pipe and barrel of oil, or, as the document put it, “especially the oil”.

That plan was created by a gaggle of corporate lobbyists and neo-cons working for the Heritage Foundation. In 2004, the plan’s authenticity was confirmed by Washington power player Grover Norquist. (It’s hard to erase the ill memory of Grover excitedly waving around his soft little hands as he boasted about turning Iraq into a free-market Disneyland, recreating Chile in Mesopotamia, complete with the Pinochet-style dictatorship necessary to lock up the assets – while behind Norquist, Richard Nixon snarled at me from a gargantuan portrait.)

The neo-con idea was to break up and sell off Iraq’s oil fields, ramp up production, flood the world oil market – and thereby smash OPEC and with it, the political dominance of Saudi Arabia.

General Jay Garner also confirmed the plan to grab the oil. Indeed, Secretary of Defense Donald Rumsfeld fired Garner, when the General, who had lived in Iraq, complained the neo-con grab would set off a civil war. It did. Nevertheless, Rumsfeld replaced Garner with a new American viceroy, Paul Bremer, a partner in Henry Kissinger’s firm, to complete the corporate takeover of Iraq’s assets – “especially the oil”.

But that was not to be. While Bremer oversaw the wall-to-wall transfer of Iraqi industries to foreign corporations, he was stopped cold at the edge of the oil fields.

How? I knew there was only one man who could swat away the entire neo-con army: James Baker, former Secretary of State, Bush family consiglieri and most important, counsel to Exxon-Mobil Corporation and the House of Saud.

(One unwitting source was industry oil-trading maven Edward Morse of Lehman/Credit Suisse, who threatened to sue Harper’s Magazine for my quoting him. Morse denied I ever spoke with him. But when I played the tape from my hidden recorder, his memory cleared and he scampered away.)

There was no way in hell that Baker’s clients, from Exxon to Abdullah, were going to let a gaggle of neo-con freaks smash up Iraq’s oil industry, break OPEC production quotas, flood the market with six million bbd of Iraqi oil and thereby knock the price of oil back down to $13 a barrel where it was in 1998.


The author.

Big Oil could not allow Iraq’s oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel’s quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq’s oil fields.

That’s right: The oil companies didn’t want to own the oil fields – and they sure as hell didn’t want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq.

Saddam wasn’t trying to stop the flow of oil – he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq’s sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas.

The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq’s oil. He told Bremer, “There will be no privatisation of oil – END OF STATEMENT.” Carroll then passed off control of Iraq’s oil to Bob McKee of Halliburton, Cheney’s old oil-services company, who implemented the Baker “enhance OPEC” option anchored in state ownership.

Some oil could be released, mainly to China, through limited, but lucrative, “production sharing agreements”.

And that’s how George Bush won the war in Iraq. The invasion was not about “blood for oil”, but something far more sinister: blood for no oil. War to keep supply tight and send prices skyward.

Oil men, whether James Baker or George Bush or Dick Cheney, are not in the business of producing oil. They are in the business of producing profits.

And they’ve succeeded. Iraq, capable of producing six to 12 million barrels of oil a day, still exports well under its old OPEC quota of three million barrels.

The result: As we mark the tenth anniversary of the invasion this month, we also mark the fifth year of crude at $100 a barrel.

As George Bush could proudly say to James Baker: Mission Accomplished!

Follow Greg on Twitter: @Greg_Palast

AT&T Chief Says DOJ Blocked Merger With T-Mobile Will Cost Its Consumers More

In Uncategorized on May 5, 2012 at 4:22 pm

Oldspeak: “Since that deal got killed, our data prices have gone up 30%,” he said. He also blamed the blocked T-Mobile USA deal, in part, for AT&T’s decision earlier this year to impose a limit on the amount of data available to a given customer. However, he said such a move probably would have been necessary regardless of the decision, and that he regretted not imposing the cap sooner.” Austerity measures, affect you in more ways than you think. How bout that. The merger doesn’t happen, so they jack up prices to increase their perceived lost potential profits. And the argument for corporate consolidation and less choice perfectly crystallizes some of the fundamental flaws with oligarchical capitalism.  In the minds of terminal ill Capitalists, More for me, less for you = More for me, more for you. Your basic 2+2-=5 logic. This insatiable lust for more, and the idea that it is good, unbridled greed;  it is unsustainable and certainly catastrophic for our planet, and our ‘civilization’. Every thing in nature grows, and then stops growing. We’ve created a civilization in which that basic physical rule does not apply and we are reaping the consequences: ever rapid resource depletion and contamination, mass extinctions, environmental destruction and contamination, drought, starvation, overcrowding, homelessness, poverty… All because a few hundred Oligarchs want ever ‘more’.  And have conditioned us to believe that we want ever ‘more’ even though the vast majority of us never will attain Oligarchical levels of it. That simple and insidious idea; ‘more’ has led us to the brink of collapse on multiple levels, yet we’re still being told that everything is ok. Why? We need Barefoot Economics. NOW.”

Related Story:

AT&T To Buy T-Mobile: Great For Them, Bad For You

What Does Proposed AT&T And T-Mobile Merger Mean?

By Ethan Smith @ The Wall Street Journal:

The government’s decision to block AT&T Inc.’s T -0.76% takeover of Deutsche Telekom AG’s DTEGY -0.18% T-Mobile USA unit will result in higher prices to consumers, AT&T Chairman and Chief Executive Randall Stephenson contended during a public interview Wednesday.

Speaking at the Milken Institute’s annual global conference, Mr. Stephenson said that the U.S. wireless-telecommunications market can’t sustain the current number of competitors because there isn’t enough wireless spectrum for all of them.

Based on current patterns, wireless data usage will increase 75% a year for at least five years, Mr. Stephenson said.

“We’re running out of the airwaves that this traffic rides on,” he added. “There is a shortage of this spectrum.”

With or without a deal like the one his company unsuccessfully pursued, he said, competitors will be forced to drop out if they can’t find enough wireless capacity to offer more modern data services to growing numbers of customers.

“The more competitors you have, the less efficient the allocation of spectrum will be,” he said. “It’s got to change. I don’t think the market’s going to accommodate the number of competitors there are in the landscape.”

Many countries in Asia, Europe and Latin America have many fewer companies offering wireless voice and data services, letting them allocate bandwidth more efficiently, Mr. Stephenson contended.

“Since that deal got killed, our data prices have gone up 30%,” he said. He also blamed the blocked T-Mobile USA deal, in part, for AT&T’s decision earlier this year to impose a limit on the amount of data available to a given customer. However, he said such a move probably would have been necessary regardless of the decision, and that he regretted not imposing the cap sooner.

“I wish we had moved quicker to change the pricing model to make sure the people who were using the bandwidth were paying for the bandwidth,” Mr. Stephenson said.

How The Goldman Vampire Squid Just Captured Europe

In Uncategorized on April 19, 2012 at 2:15 pm

Oldspeak:The Goldman Sachs coup that failed in America has nearly succeeded in Europe – a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers. Goldman Sachs and the financial technocrats have taken over the European ship. Democracy has gone out the window, all in the name of keeping the central bank independent from the “abuses” of government. Yet, the government is the people – or it should be. A democratically elected government represents the people. Europeans are being hoodwinked into relinquishing their cherished democracy to a rogue band of financial pirates, and the rest of the world is not far behind.”-Ellen Brown Banks get bailouts while the very governments that issue the bailouts fail because they don’t actually have to money to pay for the bailout. They just run their printing presses and hand over increasingly worthless fiat currency. If you don’t know what quantitative easing, you will soon. Meanwhile, poverty, food, & energy costs grow, while 400 white men get incalculably rich.

Related Story:

Goldman Sachs, Citibank, JP Morgan Chase, Bank Of America Have Assets of $5 trillion & Carry $235 TRILLION In Risk Exposure, 1/3 Of World Total

BBC Speechless As Trader Tells The Truth: “Governments Don’t Rule The World, Goldman Sachs Rules The World.”

Why Isn’t Wall Street In Jail?

By Ellen Brown @ Truthout:

he Goldman Sachs coup that failed in America has nearly succeeded in Europe – a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.

In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress. But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair. Paulson’s plea for a permanent bailout fund – the Troubled Asset Relief Program or TARP – was opposed by Congress and ultimately rejected.

By December 2011, European Central Bank President Mario Draghi, former vice president of Goldman Sachs Europe, was able to approve a 500 billion euro bailout for European banks without asking anyone’s permission. And in January 2012, a permanent rescue funding program called the European Stability Mechanism (ESM) was passed in the dead of night with barely even a mention in the press. The ESM imposes an open-ended debt on EU member governments, putting taxpayers on the hook for whatever the ESM’s eurocrat overseers demand.

The bankers’ coup has triumphed in Europe seemingly without a fight. The ESM is cheered by euro zone governments, their creditors and “the market” alike, because it means investors will keep buying sovereign debt. All is sacrificed to the demands of the creditors, because where else can the money be had to float the crippling debts of the euro zone governments?

There is another alternative to debt slavery to the banks. But first, a closer look at the nefarious underbelly of the ESM and Goldman’s silent takeover of the ECB….

The Dark Side of the ESM

The ESM is a permanent rescue facility slated to replace the temporary European Financial Stability Facility and European Financial Stabilization Mechanism as soon as member states representing 90 percent of the capital commitments have ratified it, something that is expected to happen in July 2012. A December 2011 YouTube video titled “The shocking truth of the pending EU collapse!” originally posted in German, gives such a revealing look at the ESM that it is worth quoting here at length. It states:

The EU is planning a new treaty called the European Stability Mechanism, or ESM: a treaty of debt…. The authorized capital stock shall be 700 billion euros. Question: why 700 billion?… [Probable answer: it simply mimicked the $700 billion the US Congress bought into in 2008.][Article 9]: “,,, ESM Members hereby irrevocably and unconditionally undertake to pay on demand any capital call made on them … within seven days of receipt of such demand.” … If the ESM needs money, we have seven days to pay…. But what does “irrevocably and unconditionally” mean? What if we have a new parliament, one that does not want to transfer money to the ESM?…

[Article 10]: “The Board of Governors may decide to change the authorized capital and amend Article 8 … accordingly.” Question: … 700 billion is just the beginning? The ESM can stock up the fund as much as it wants to, any time it wants to? And we would then be required under Article 9 to irrevocably and unconditionally pay up?

[Article 27, lines 2-3]: “The ESM, its property, funding and assets … shall enjoy immunity from every form of judicial process…. ” Question: So the ESM program can sue us, but we can’t challenge it in court?

[Article 27, line 4]: “The property, funding and assets of the ESM shall … be immune from search, requisition, confiscation, expropriation, or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.” Question: … [T]his means that neither our governments, nor our legislatures, nor any of our democratic laws have any effect on the ESM organization? That’s a pretty powerful treaty!

[Article 30]: “Governors, alternate Governors, Directors, alternate Directors, the Managing Director and staff members shall be immune from legal process with respect to acts performed by them … and shall enjoy inviolability in respect of their official papers and documents.” Question: So anyone involved in the ESM is off the hook? They can’t be held accountable for anything? … The treaty establishes a new intergovernmental organization to which we are required to transfer unlimited assets within seven days if it so requests, an organization that can sue us but is immune from all forms of prosecution and whose managers enjoy the same immunity. There are no independent reviewers and no existing laws apply? Governments cannot take action against it? Europe’s national budgets in the hands of one single unelected intergovernmental organization? Is that the future of Europe? Is that the new EU – a Europe devoid of sovereign democracies?

The Goldman Squid Captures the ECB

Last November, without fanfare and barely noticed in the press, former Goldman executive Mario Draghi replaced Jean-Claude Trichet as head of the ECB. Draghi wasted no time doing for the banks what the ECB has refused to do for its member governments – lavish money on them at very cheap rates. French blogger Simon Thorpe reports:

On the 21st of December, the ECB “lent” 489 billion euros to European Banks at the extremely generous rate of just 1% over 3 years. I say “lent,” but in reality, they just ran the printing presses. The ECB doesn’t have the money to lend. It’s Quantitative Easing again.The money was gobbled up virtually instantaneously by a total of 523 banks. It’s complete madness. The ECB hopes that the banks will do something useful with it – like lending the money to the Greeks, who are currently paying 18% to the bond markets to get money. But there are absolutely no strings attached. If the banks decide to pay bonuses with the money, that’s fine. Or they might just shift all the money to tax havens.

At 18 percent interest, debt doublesin just four years. It is this onerous interest burden – not the debt itself – that is crippling Greece and other debtor nations. Thorpe proposes the obvious solution:

Why not lend the money to the Greek government directly? Or to the Portuguese government, currently having to borrow money at 11.9%? Or the Hungarian government, currently paying 8.53%. Or the Irish government, currently paying 8.51%? Or the Italian government, who are having to pay 7.06%?

The stock objection to that alternative is that Article 123 of the Lisbon Treaty prevents the ECB from lending to governments. But Thorpe reasons:

My understanding is that Article 123 is there to prevent elected governments from abusing Central Banks by ordering them to print money to finance excessive spending. That, we are told, is why the ECB has to be independent from governments. OK. But what we have now is a million times worse. The ECB is now completely in the hands of the banking sector. “We want half a billion of really cheap money!!” they say. OK, no problem. Mario is here to fix that. And no need to consult anyone. By the time the ECB makes the announcement, the money has already disappeared.

At least if the ECB was working under the supervision of elected governments, we would have some influence when we elect those governments. But the bunch that now has their grubby hands on the instruments of power are now totally out of control.

Goldman Sachs and the financial technocrats have taken over the European ship. Democracy has gone out the window, all in the name of keeping the central bank independent from the “abuses” of government. Yet, the government is the people – or it should be. A democratically elected government represents the people. Europeans are being hoodwinked into relinquishing their cherished democracy to a rogue band of financial pirates, and the rest of the world is not far behind.

Rather than ratifying the draconian ESM treaty, Europeans would be better advised to reverse Article 123 of the Lisbon treaty. Then, the ECB could issue credit directly to its member governments. Alternatively, euro zone governments could re-establish their economic sovereignty by reviving their publicly owned central banks and using them to issue the credit of the nation for the benefit of the nation, effectively interest free. This is not a new idea, but has been used historically to very good effect, e.g. in Australia through the Commonwealth Bank of Australia and in Canada through the Bank of Canada.

Today, the issuance of money and credit has become the private right of vampire rentiers, who are using it to squeeze the lifeblood out of economies. This right needs to be returned to sovereign governments. Credit should be a public utility, dispensed and managed for the benefit of the people.

To add your signature to a letter to parliamentarians blocking ratification of the ESM, click here.

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