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

Posts Tagged ‘Crony Capitalism’

A False Choice For The Ages – Capitalism Or The Environment: On A Dying Planet You Can’t Have Both

In Uncategorized on October 8, 2013 at 11:40 am

https://theoldspeakjournal.files.wordpress.com/2013/10/698e1-cap_env.jpgOldspeak: “The capitalist drive to maximize profits explains the externalizing of environmental costs. Capitalism allows small minorities to profit at the expense of others. Private ownership of what are social means of livelihood allows capitalists to make decisions that pass the real costs of industry to communities, workers, future generations and other species… Worse, capitalism requires constant growth because it always needs more profit. Making ever more profit is what motivates people to make investments. But what happens when the environment needs a smaller human footprint? When, at least in wealthier countries, we must learn to live with much less stuff? Supporters of capitalism claim the system is based on freedom and choice, but when it comes to the environment for many people this amounts to the freedom to choose between destroying the planet or having a job…. The business pages are full of stories quoting the captains of the carbon-industrial complex as telling us what amounts to: “You must choose between economic prosperity and what is good for the environment, because you can’t have both.”…some so-called environmentalists look to capitalism for solutions. That’s like asking the fox to fix the hen-house. You can’t be a serious environmentalist and support capitalism. A sustainable economy is incompatible with a system that constantly demands more profit.” –Gary Engler

“How do we free ourselves from the ruthlessly cannibalistic drives of our hyper-violent, destructive and unsustainable economic system & choose the life of our planet, and by extension, us, over the extractive, exploitative, real cost externalizing, computer generated “profit” generating machine that is Capitalism? A fellow blogger over at Cyber Street Soap Co.  has the idea OSJ has been advocating for years- Withdraw your support for it. When they says “…freedom must be built from the inside out, starting with yourself. It cannot be done by sitting in your comfy home “truthing” about our evil rulers. It can’t even be done by standing around with a sign, after which you will probably return to your comfy home feeling all proud of yourself, then go back to your shit corporate job because you “need the money.” Sorry, but this just won’t work….As long as you keep laboring for their corporations to get some of their money, so you can continue buying their products in their fucking stores… nothing will change. Period. If you continue obeying their laws and seeking their permission, nothing will change. But if enough of us stop playing into their system, real things will happen. Not one shot needs to be fired. Not one fist needs to be raised in violence (or even protest) against our leaders. If you stop watering the plant, the plant will wither away. Simple.” -Bradely Durden. We have no choice. We simply cannot continue to support a system that is slowing and surely destroying us and our planet. Planet must trump “profit” and “growth”. We must make the environment and its continued sustainablility the center of our economic system. “we must hardwire the health of the ecosystem directly to the standard measurements of economic health so that the state of the environment is immediately visible in all economic transactions. Global finance, trade and investment must all be conducted within a system that makes the preservation of the climate, rather than profit, the highest priority. One possible approach is the introduction of a global “eco-currency.” The international community would establish an international currency, an “eco-currency,” whose value is linked directly to the state of the climate (both globally and locally) and that currency would serve either as a universal currency within which international transactions take place, or it could be a factor that significantly impacts all the global currencies.” –Emanuel Pastreich. The end of the world as we know it is the only possible outcome if we continue on this omnicidal course. There is no Capitalism on a dead planet.” -OSJ

By Gary Engler @ Dissident Voice:

If all you care about is making more stuff, capitalism may be the best system ever. But if you want to save the planet from environmental catastrophe our current economic system is a dead end.

I remember in my socialist youth often being told: “Your ideas sound good but that’s just not how things work in real life.”

In my socialist sixties these same words seem appropriate as an analysis of mainstream environmentalism today.

Here is the harsh reality:

The capitalist drive to maximize profits explains the externalizing of environmental costs. Capitalism allows small minorities to profit at the expense of others. Private ownership of what are social means of livelihood allows capitalists to make decisions that pass the real costs of industry to communities, workers, future generations and other species.

Worse, capitalism requires constant growth because it always needs more profit. Making ever more profit is what motivates people to make investments. But what happens when the environment needs a smaller human footprint? When, at least in wealthier countries, we must learn to live with much less stuff?

All the evidence shows capitalism is really lousy at dealing with declining markets. Every time the economy shrinks for a sustained period capitalism goes into a crisis. Banks crash, unemployment rises and wars are often necessary to get capitalism out of its crisis.

Supporters of capitalism claim the system is based on freedom and choice, but when it comes to the environment for many people this amounts to the freedom to choose between destroying the planet or having a job. The promoters of tar sands, fracking, coal mining and pipelines are explicit about this and, in fact, go even further. The business pages are full of stories quoting the captains of the carbon-industrial complex as telling us what amounts to: “You must choose between economic prosperity and what is good for the environment, because you can’t have both.”

If we continue with capitalism, they are correct.

Yet some so-called environmentalists look to capitalism for solutions. That’s like asking the fox to fix the hen house. You can’t be a serious environmentalist and support capitalism. A sustainable economy is incompatible with a system that constantly demands more profit.

Now that the human population has passed seven billion, it should be obvious that we inhabit a planet of finite resources. But population growth is not the problem. Human energy remains our most precious and underutilized resource. Once basic material needs for food, clothing, housing and health care have been met, human well-being depends less on consumption than on opportunities for education, employment, social participation and social recognition.

Science leaves little reasonable doubt that the burning of currently known reserves of coal, oil and natural gas will push atmospheric carbon dioxide levels past a tipping point, after which rising global temperatures will irreversibly undermine the conditions on which human life as we know it depends.

Despite the weight of evidence and the urgency of the problem, capitalism rests on the expansion of fossil fuel production and use.

Around the planet trillions of dollars are being spent to develop massive deposits of shale oil and gas. In Canada capitalist investment is focused on expanding oil production from tar sands. The promoters claim that these developments will create jobs. But the funds required to develop and transport that fuel will create far fewer jobs than would be produced if equivalent amounts were spent on the development of solar, wind and geothermal power. Far more jobs could be produced with investments in domestic employment for domestic markets, in the production and distribution of local agriculture, clothing, shoes and communications products. More jobs would be created by investments in child care, elder care, social housing, public transit and other green infrastructure.

But capitalism prefers investments in fossil fuels because corporate profits now largely depend on cheap fuel. Equivalent profits cannot be made meeting actual human needs.

So, we have some important choices to make: Support capitalism or support the environment. Build a different sort of economic system that can prosper in harmony with the environment or fiddle with capitalism as our planet burns.

Gary Engler is an elected union officer and co-author of the just released New Commune-ist Manifesto — Workers of the World It Really is Time to Unite, an updating of the original designed to provoke discussion about the future of unions and the Left. Read other articles by Gary.

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A Very Very Mad World: Trying To Stay Sane In An Insane World

In Uncategorized on July 31, 2013 at 4:10 pm

Oldspeak: “Facts are treasonous and dangerous in an empire of lies, fraud and propaganda. It is maddening to watch the country spiral downward, driven to ruin by a psychotic predator class, while the plebs choose to remain willfully ignorant of reality and distracted by their lust for cheap Chinese crap and addicted to the cult of techno-narcissism. We are a country running on heaping doses of cognitive dissonance and normalcy bias, an irrational belief in our national exceptionalism, an absurd trust in the same banking class that destroyed the finances of the country, and a delusionary belief that with just another trillion dollars of debt we’ll be back on the exponential growth track. The American empire has been built on a foundation of cheap easily accessible oil, cheap easily accessible credit, the most powerful military machine in human history, and the purposeful transformation of citizens into consumers through the use of relentless media propaganda and a persistent decades long dumbing down of the masses through the government education system… The examples of our national insanity are almost too vast to document, but any critical assessment of what we’ve done over the last one hundred years reveals the idiocracy that has engulfed our collapsing empire.” –Jim Quinn

“One only need witness the near secret trial and conviction of  U.S. Army whistleblower Bradley Manning for espionage after he courageously exposed the criminality, fraud, corruption and malfeasance rampant in the U.S. Army, to see how treasonous and dangerous exposing facts are in an empire of lies, fraud and propaganda. A couple of key facts Mr Quinn left out in the above 99% spot on quote – the American empire was definitely built on all the things he mentioned, but the building material perhaps most crucial to the success of the American empire project: 1 – hundreds of years free African slave labor. And 2 – the virtual extermination of and forcible appropriation of  the bountiful lands of Native Americans.  Kinda a huge deal. 😀  Anywho, keep trying to stay sane in this insane world. Question everything, reject propaganda, resist censorship, disobey civilly, think critically, think freely and seek truth wherever you find it.” –OSJ

By Jim Quinn @ The Burning Platform:

“I mean—hell, I been surprised how sane you guys all are. As near as I can tell you’re not any crazier than the average asshole on the street.”R.P. McMurphy – One Flew Over the Cuckoo’s Nest

“Years ago, it meant something to be crazy. Now everyone’s crazy.”Charles Manson

 

“In America, the criminally insane rule and the rest of us, or the vast majority of the rest of us, either do not care, do not know, or are distracted and properly brainwashed into acquiescence.”Kurt Nimmo

I have to admit to being baffled by the aptitude of the Wall Street and K Street financial elite to keep their Ponzi scheme growing. I consider myself to be a rational, sane human being who understands math and bases his assessments upon facts and a sensible appraisal of the relevant information obtained from trustworthy sources. Of course, finding trustworthy sources is difficult when you live in a corrupt, crony-capitalist, fascist state, controlled by banking, corporate and military interests who retain absolute control over the mainstream media and governmental propaganda agencies. Those seeking truth must pursue it through the alternative media and seeking out unbiased critical thinkers who relentlessly abide by what the facts expose. This is no time for wishful thinking, delusions and fantasies. In the end, the facts are all that matter. As Heinlein noted decades ago, the future is uncertain so facts are essential in navigating a course that doesn’t lead you to ruin upon the shoals of ignorance.

“What are the facts? Again and again and again – what are the facts? Shun wishful thinking, ignore divine revelation, forget what “the stars foretell,” avoid opinion, care not what the neighbors think, never mind the un-guessable “verdict of history” – what are the facts, and to how many decimal places? You pilot always into an unknown future; facts are your single clue. Get the facts!” ― Robert A. Heinlein

Facts are treasonous and dangerous in an empire of lies, fraud and propaganda. It is maddening to watch the country spiral downward, driven to ruin by a psychotic predator class, while the plebs choose to remain willfully ignorant of reality and distracted by their lust for cheap Chinese crap and addicted to the cult of techno-narcissism. We are a country running on heaping doses of cognitive dissonance and normalcy bias, an irrational belief in our national exceptionalism, an absurd trust in the same banking class that destroyed the finances of the country, and a delusionary belief that with just another trillion dollars of debt we’ll be back on the exponential growth track. The American empire has been built on a foundation of cheap easily accessible oil, cheap easily accessible credit, the most powerful military machine in human history, and the purposeful transformation of citizens into consumers through the use of relentless media propaganda and a persistent decades long dumbing down of the masses through the government education system.

This national insanity is not a new phenomenon. Friedrich Nietzsche observed the same spectacle in the 19th century.

“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.”

The “solutions” imposed by the supposed brightest financial Ivy League educated minds and corrupt bought off political class upon people of the United States since the Wall Street created 2008 worldwide financial collapse are insane and designed to only further enrich the crony capitalists and their banker brethren. The maniacs are ruling the asylum. John Lennon saw the writing on the wall forty five years ago.

“Our society is run by insane people for insane objectives…. I think we’re being run by maniacs for maniacal ends … and I think I’m liable to be put away as insane for expressing that. That’s what’s insane about it.”John Lennon, Interview BBC-TV (June 22, 1968)

The world is most certainly ruled by a small group of extremely wealthy evil men who desire ever more treasure, supremacy and control, but the vast majority of Americans have stood idly by mesmerized by their iGadgets and believing buying shit they don’t need with money they don’t have is the path to happiness and prosperity, while their wealth, liberty and self-respect were stolen by the financial elite. Our idiot culture, that celebrates reality TV morons, low IQ millionaires playing children’s sports, egomaniacal Hollywood hacks, self-promoting Wall Street financers, and self-serving corrupt ideologue politicians, has been degenerating for decades.

“We are in the process of creating what deserves to be called the idiot culture. Not an idiot sub-culture, which every society has bubbling beneath the surface and which can provide harmless fun; but the culture itself. For the first time, the weird and the stupid and the coarse are becoming our cultural norm, even our cultural ideal.” Carl Bernstein -1992

The examples of our national insanity are almost too vast to document, but any critical assessment of what we’ve done over the last one hundred years reveals the idiocracy that has engulfed our collapsing empire.

The Madness of Crowds

In reading The History of Nations, we find that, like individuals, they have their whims and their peculiarities, their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.”Charles MacKay – Extraordinary Popular Delusions and the Madness of Crowds

We have become a nation that seamlessly goes mad every five years in pursuit of some new delusionary fantasy sold to us by the ruling class, only to see those dreams shattered like a wooden ship on the reef of reality. You can never underestimate the power of human stupidity. Ben Bernanke and his Federal Reserve cronies have printed $2.6 trillion of new money out of thin air since September 2008 in order to prop up their Wall Street owners, who had engineered the largest control fraud (mortgage debt/housing bubble) in world history, recklessly gambled in their ravenous appetite for sordid profits, and drove their firms into insolvency. It took the Federal Reserve 95 years to accumulate a balance sheet of $900 billion of safe U.S. Treasuries.

fed balance sheet

They have insanely quadrupled their balance sheet in the last 5 years by accumulating toxic mortgage debt from Wall Street banks and purchasing the majority of new Treasury debt being issued to fund the Federal government’s insane trillion dollar annual deficits. Bernanke, the corporate media, government apparatchiks, and captured political class act as if this is normal, when it is clearly the act of a desperate ruling class in its final death throes. Bernanke has leveraged his balance sheet 60 to 1. Lehman and Bear Stearns were leveraged 30 to 1 when they collapsed. The 100 basis point move in rates over the space of two months has resulted in Bernanke losing $200 billion and effectively wiping out his $55 billion of capital.

fed 10 year

Of course, in a corrupt regime accounting fraud is encouraged and applauded by the status quo. Just as the spineless accountants on the FASB buckled to threats from Bernanke and Paulson in early 2009 and reversed the requirement that assets be marked to market so the felonious Wall Street banks could fraudulently hide their insolvency, the Federal Reserve has decided their losses don’t matter. The Federal Reserve classifies their losses as an asset. Don’t you wish you could classify your 401k losses and your home value losses as an asset? The tapering bullshit storyline is just another attempt to distract the masses from focusing on the fact that Bernanke will never stop expanding his balance sheet because if he stops the financial system will collapse in a catastrophic implosion. The Ponzi scheme will continue until loss of faith leads to a scramble away from the U.S. dollar.

fed balance sheet

Since the infamous creation of the Federal Reserve by a secretive cabal of bankers and politicians in 1913, the ultimate destination of the American empire was set. Every fiat currency in world history has collapsed. Our entire system has been based on infinite exponential growth. The fallacy of American exceptionalism has been built on an underpinning of pure stupid luck and the issuance of more and more debt. The American empire grew to epic proportions due to the discovery of cheap easily accessible oil in the late 19th century and the physical and economic destruction of Europe, Russia and Japan during World War II. The accumulation of debt was fairly moderate during the glory years after World War II, but began to accelerate after the fateful year of 1971 when U.S. oil production peaked and Tricky Dick Nixon removed the last vestiges of restraint from central bankers and politicians by closing the gold window. With the shackles removed from the wrists of corruptible knaves and shysters, America’s future depended upon the wisdom, honesty and financial acumen of Washington politicians and Wall Street financers. Once the citizens realized they could vote for more bread and circuses, our ultimate demise was set in motion. A nation that had produced real annual growth of 4% during the 1950’s and 1960’s has seen a steady decline for the last four decades.

The term pushing on a string describes the Quantitative Easing (literally money printing) and Keynesian debt financed pork spending efforts of our increasingly frantic owners. The insanity of what we’ve done since 1971 is almost too crazy to comprehend. In the first 182 years of our existence the leaders we elected to steward the nation accumulated $400 billion of national debt. By 1981, unleashed from any semblance of spending control, the politicians and bankers had added another $600 billion of debt, a 150% increase in 10 years. By 1991 our beloved leaders had added another $2.6 trillion of debt, another 160% increase in 10 years. By 2001 another $2.2 trillion had been accumulated, only a 60% increase due to the end of the Cold War and a one-time tax surge from the Dot.com stock bubble. Bush’s worldwide War on Terror, expansion of the police state, tax rebate stimulus idiocy, and expansion of the welfare state (Medicare Part D) drove the national debt up by another $2.2 trillion in just eight years, a 40% increase.

The insane amassing of debt since 2008 has put a final nail in the coffin of the ridiculous Keynesian theory, as the Federal government has increased annual spending by 35% over the last five years and the economy is still moribund. Our fearless leaders have driven the national debt from $7.8 trillion to $16.7 trillion in less than five years, a 110% increase. The country continues to add $2 to $3 billion of debt per day. Consider how insane it is that we now accumulate more debt in half a year than we did cumulatively over the first 182 years of our existence as a country. And our elected, or should I say selected, leaders, cheer on the intellectually bankrupt academics like Bernanke whose only solution to every crisis is to print moar and then lie to the American people about his true purpose, act as if annually spending $1 trillion more than we collect while knowing there are over $200 trillion of unfunded promises to fulfill is a reasonable and realistic way to manage the national finances. Any sane person knows our current path will lead to ruin. When you need to issue new debt in order to honor old debt, the end is in sight.

The multitude of insane responses to a financial crisis created by a few greedy psychopathic bankers will be looked upon by historians with contempt and scorn. Future generations will wonder “What were they thinking?” Trillions in wealth were vaporized due to the actions of a small secretive league of highly educated, egocentric psychopaths whose warped sense of morality led them to pillage the wealth of the nation through fraudulent financial products, bribing regulatory agencies, stabbing clients and competitors in the back, and peddling lies, propaganda and misinformation to the public through their captured media mouthpieces. Not only haven’t any predator bankers been thrown in jail, but these villains have grown their parasitic entities to enormous proportions while paying themselves obscene billion dollar bonuses. Jon Corzine stole $1.2 billion directly from the accounts of his customers to cover his gambling losses and he remains free to laze about in one of his five gated mansions. The largest banks on earth have been caught red handed forging mortgage documents, rigging LIBOR, front running the muppets with non-public economic information, insider dealing, and using their HFT supercomputers to manipulate the markets at their whim. Government spy agencies regularly use the U.S. Constitution like toilet paper while accumulating electronic dossiers on every citizen in the country. The rule of law does not exist for the ruling class.

Only in a world gone insane would we be celebrating Wall Street generating all-time high profits through the use of accounting fraud and Bernanke filling their coffers with trillions of interest free money while bilking senior citizens out of $400 billion per year of interest income through his dastardly ZIRP “save a Wall Street banker” scheme. Bernanke has stolen close to $2 trillion from the bank accounts of little old ladies since 2008 and given it to Jamie Dimon, Lloyd Blankfien and the rest of the Wall Street scumbags. While Wall Street and the crony capitalist mega-corporations report record profits, Main Street is left with 5 million less full-time jobs than they had in 2007 and a real unemployment rate exceeding 20%. While the government has insanely reported a recovering economy since mid-2009, the food stamp rolls have grown from 33 million to 47 million. The ruling class cheers the record highs in the stock market that overwhelmingly benefit the top .1% because they are the .1%. Meanwhile, the average schmuck out in the hinterlands is paying double the price they were paying for gas in 2009 and their everyday living costs are rising by greater than 5% annually. Luckily for the financial elite, the average American would rather watch Honey Boo Boo than try to understand the evilness of Federal Reserve created inflation. The economic recovery storyline is obliterated by the fact that real household income is still 9% below its 2008 peak and amazingly 8% below its 2000 level.

Since the 2009 low, the household net worth of the wealthiest 7% has grown by 28%, while the other 93% have seen their net worth decline by a further 4%. The profits accrue to those who run the show, buy the politicians, write the laws, command the media propaganda machine and control the currency. As a sane person in this insane world I’m flabbergasted that there is virtually no outrage at the perpetrators of these crimes against humanity. Americans have earned the moniker – ignorant masses. Bread and circuses have won the day in our declining empire. The oligarchs thank you.

The blame doesn’t rest solely on the shoulders of the evil men running the show. They have only done what we allowed them to do. From top to bottom our society has hopped on the crazy train. The lack of national morality, sense of civic duty, inter-generational responsibility, and willful ignorance regarding sensible financial policies has led us to a tipping point. Decades of feckless self-serving political leadership making entitlement promises they could never honor to win votes, combined with a parasitic financial class peddling debt to millions of witless, narcissistic, math challenged, materialistic morons, has left the country in debt up to its eyeballs with no escape other than cataclysmic default. Michael Lewis documents the bleeding out of our society in his recent book:

“The people who had the power in the society, and were charged with saving it from itself, had instead bled the society to death. The problem with police officers and firefighters isn’t a public sector problem; it isn’t a problem with government; it’s a problem with the entire society. It’s what happened on Wall Street in the run-up to the subprime crisis. It’s a problem of taking what they can, just because they can, without regard to the larger social consequences. It’s not just a coincidence that the debts of cities and states spun out of control at the same time as the debts of individual Americans. Alone in a dark room with a pile of money, Americans knew exactly what they wanted to do, from the top of the society to the bottom. They’d been conditioned to grab as much as they could, without thinking about the long-term consequences. Afterward, the people on Wall Street would privately bemoan the low morals of the American people who walked away from their subprime loans, and the American people would express outrage at the Wall Street people who paid themselves a fortune to design the bad loans.”Michael Lewis – Boomerang

The insanity of our debt accumulation in relation to our pathetic economic growth is clearly evident to even an Ivy League educated economist or a bubble headed CNBC anchorwoman. Since 1971 nominal GDP has grown by a factor of 14. Over this same time frame total credit market debt (household, corporate, government) has grown by a factor of 32. Real GDP (even using the fraudulent BLS manipulated CPI) has only expanded by a factor of 3.5 since 1971. The exponential growth model is clearly failing, with debt going hyperbolic, while GDP has stagnated.

us-debt-and-gdp

Since 2007 real GDP has gone up $500 billion while total credit market debt has gone up by $6 trillion. Only an insane society would allow itself to be convinced by the perpetrators of the financial crimes that collapsed our economic system that accelerating the level of debt in our system will resolve the dilemma of Too Big to Trust banker insolvency. Transferring the immense losses of greedy sham capitalist gambling addicts from their insolvent balance sheets onto the balance sheets of the taxpayer has allowed the criminals to retain and expand their wealth, while sovereign states shift the pain and suffering onto the backs of the sinking middle class. This is a worldwide phenomenon perpetuated by central bankers at the behest of their crony capitalist co-conspirators. They call it capitalism when the scams, dodges and swindles work and the profits accrue to the schemers. When the gamblers and extreme risk addicts roll craps they use their crony capitalist connections, bought with blood money, to socialize their losses. The game is rigged and your owners don’t care about your hopes and dreams or your children’s future. They care about their own wealth and lifestyles of luxury. When the richest 300 people in the world have a greater net worth than the poorest 3 billion people on earth, a sane person realizes a chaotic end of the existing social order beckons.

“All over the world people borrowed vast sums of money they could never repay. The honest toting up, and taking, of the losses is being delayed. There’s a reason for this. The bad debts are owed, largely, to big banks. The big banks (even bigger than they were at the start of this crisis) and the people who own them enjoy a wildly disproportionate amount of political influence. And so, even now, five years into this mess, we remain at the mercy of the failed financial institutions that sit at the center of our capitalism. Geithner & Bernanke, along with their European counterparts, are doing everything in their power to prevent banks from failing. But the effect of this new financial order is bizarre: capitalism for everyone but the capitalists. Ordinary workers remain fully exposed to the increasingly harsh collisions in the marketplace while the highest paid financial elites ride protected by a passenger airbag.” Michael Lewis – Boomerang

Clearly we’ve entered the final phase of our debt financed orgy of narcissistic materialism and self-absorbed avarice. The unsustainability of our course is a fact. Our society has gone mad en-masse but we are only recovering our sanity one by one. The global financial system is insolvent. A fractional reserve fiat money based system requires continuous growth or it collapses. The global banking system is overleveraged and real global growth is stagnant. Central bankers are not smart men. They have one response to every crisis – print!!! Bernanke and his fellow banker cronies are printing at hyper-speed in order to prop up the terminally ill mega-banks. Bernanke feigns confusion at the fact that his QE to infinity and ZIRP have only benefitted his banker puppet masters and the richest .1%, while further impoverishing senior citizen savers and the working middle class.

The anger at the true Wall Street malefactors manifested itself in the Tea Party movement and Occupy Wall Street movement, but both efforts were quickly hijacked by neo-con right wingers and socialist left wingers for their own ideological purposes. The existing social order continues to hold the reins of power, but their grip is growing precarious. The anger, dismay and resentment in the country simmer beneath the surface. The average person senses that all is not well, but most absurdly continue to believe the lies and propaganda spewed at them on a daily basis by the ruling class and their corporate media pawns. When the next shoe drops and billions of stock market and housing wealth are wiped out again, the national anger will sweep away the corrupt social order in a torrent of blood and retribution. Innocent and guilty alike will suffer the consequences. Michael Lewis is somewhat perplexed by the lack of outrage and violence so far.

“A lot has happened. And yet, given the provocation, it’s amazing how little has happened. No one on Wall Street has been shot, or even jailed – and the existing social order has not been seriously challenged. There’s a reason for this, too. The anger arising from the financial crisis finds no natural channel. In another era – an era before catastrophic experiments with radical socialism and nationalism – we would be watching market capitalism being displaced by something far uglier. But today there is no natural place for anger to flow, and so the anger flows haphazardly, like raindrops down a windowpane. The only political ideology that anger benefits these days is anarchy. From the point of view of those who enjoy political stability, it’s a stroke of luck that anarchists have no natural talent for organizing themselves. But how long will it take them to learn?”  Michael Lewis – Boomerang

Staying sane in a society gone mad is not easy. Millions of people believe themselves to be sane, but they have really just adapted to an insane society, so they appear sane within the warped paradigm of that insane society. The truly sane people appear to be insane in an insane society. It’s enough to drive a man crazy. The immense forces of normalcy bias and social inertia have led millions to refuse to understand the mathematical certainty of the coming collapse. The worldwide banking system is like a great white shark that needs to keep moving or it dies. Exponential growth and continuous credit expansion have been the essential ingredients to expanding the American empire, but the growth has stopped, while the debt keeps growing. Infinite growth on a finite planet is impossible. As natural resources deplete and become more expensive to obtain, while the planet’s population continues to grow, the fractional reserve banking system and the nation states who continue to pile up trillions in debt will suddenly suffer a catastrophic collapse. We are in the end stages of a confidence game. Your government will not give you warning. We need to come to our senses one by one, until there are enough sane people to tip the scales in our favor. I’ve concluded that I live in a dishonest, insane, intolerable world and consider it my duty to spread discontent among those I can reach. I’m a dangerous man in the eyes of our corporate fascist surveillance state. So be it.

“The most dangerous man, to any government, is the man who is able to think things out for himself without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane and intolerable, and so, if he is romantic, he tries to change it. And even if he is not romantic personally he is apt to spread discontent among those who are.”H.L. Mencken

In Part 2 of this article I will attempt to figure out why mass insanity has gripped the world and ponder what might happen when sanity returns.

Welcome to the Network of Global Corporate Control: Meet the Global Corporate “Supra-Government”

In Uncategorized on February 12, 2013 at 7:36 pm

we-the-corporations-article

Oldspeak: “This small network of dominant global companies and banks, many of which are larger than most countries on earth, with no democratic accountability, are also acting independently as a type of “global supra-government” forcing even our dysfunctional and façade-like “democratic” governments to collapse if they do not do as “financial markets” say – such as the recent cases of democratically-elected governments in Greece and Italy whose officials were forced out and replaced with unelected bankers. In any other situation that’s called a coup d’état. Powerful government officials will not oppose this network, whether or not the power is good for human lives and human communities.”Andrew Gavin Marshall “They oust entrenched regimes where normal political processes could not do so. They force austerity, banking bail-outs and other major policy changes. Their influence dwarfs multilateral institutions such as the International Monetary Fund. Indeed, leaving aside unusable nuclear weapons, they have become the most powerful force on earth.” –Roger Altman, the former Deputy Secretary of the Treasury under the Clinton administration. Behold! The fruits of “free markets”, globalization, & unfettered capitalism. Workers around the world being fleeced, literally worked to death. People suffering with poverty, malnutrition, homelessness. The environment we all depend on being depleted, poisoned, destroyed… all to relentlessly maximize profits for the “supra-government” ever tightening its grip on power and all the while obliterating every day, incrementally, civil, human, natural and economic rights & freedoms. This system is not working. It must be changed.

Related Stories:

The “Real” Recovery: Welcome to the Network of Global Corporate Control
Cash Hoarding, Tax Evasion, and the Corporate Coup
Revealed: The Transnational Corporate Network That Runs The World

By Andrew Gavin Marshall @ AndrewGavinMarshall.Com:

Part 1: Meet the Global Corporate “Supra-Government”

We live in a corporate culture, where most of us have worked or currently work for corporations, we spend our money at corporate venues, on corporate products, watch corporately-owned television shows and movies, listen to corporate-sponsored music; our modes of transportation, communication and recreation are corporately influenced or produced; our sports stadiums and movie theaters are named after car companies and global banks; our food is genetically altered by multinational conglomerates, our drinking water is brought to us by Coca-Cola, our news is brought to us by Pfizer, and our political leaders are brought to us by Exxon, Shell, Goldman Sachs and JP Morgan Chase.

In this global corporate culture it is often difficult to take a step back and look at transnational corporations, beyond what they represent in our culture, and see that they are, in fact, totalitarian institutions with power being exercised from the top down, with no democratic accountability, legally bound to be interested only – and exclusively – in maximizing quarterly short-term profits, often to the detriment of the environment, labor, human rights, democracy, peace and the population as a whole.

In this first of a three-part series on the reaches of global corporate power, we’ll look specifically at the size and network influence of the world’s largest corporations. This is especially important given that the world’s population faces increasing challenges with over 1 billion people living in slums, billions more living in poverty, hunger and increasing starvation; with unemployment increasing, austerity and “adjustment” programs demanding that even those in the once-industrialized West dramatically reduce their living standards; as the environment is plundered and pillaged, and as governments give corporations more state welfare and subsidies while cutting welfare and social services for the poor.

Corporate culture creates, over time, a totalitarian culture as this dominant institution seeks to remake society in its own image – where people are punished and impoverished as corporations are supported, rewarded and empowered.

The network of global corporate control, in numbers

In the year 2000, of the world’s 100 largest economies, 51 were corporations, while only 49 were countries, based upon national GDP (gross domestic product) and corporate sales. Of the top 200 corporations in 2000, the United States had the largest share with 82, followed by Japan at 41, Germany at 20, and France at 17.

Of the world’s 100 largest economic entities in 2010, 42% were corporations; when looking at the top 150 economic entities, 58% were corporations. The largest corporation in 2010 was Wal-Mart, the 25th largest economic entity on earth, surpassed only by the 24 largest countries in the world, but with greater revenues than the GDP of 171 countries, placing it higher on the list than Norway and Iran.

Following Wal-Mart, the largest corporations in the world were: Royal Dutch Shell (larger than Austria, Argentina and South Africa), Exxon Mobil (larger than Thailand and Denmark), BP (larger than Greece, UAE, Venezuela and Colombia), followed by several other energy and automotive conglomerates.

In 2012, Fortune published its annual Global 500 list of the top 500 corporations in the world in 2011. The top 10 corporations in the world, as determined by total revenue, are: Royal Dutch Shell, Exxon Mobil, Wal-Mart Stores, BP, Sinopec Group, China National Petroleum, State Grid, Chevron, ConocoPhillips, and Toyota Motor.

Among some of the other top 100 are: Total (11), Gazprom (15), E.ON (16), ENI (17), ING Group (18), GM (19), General Electric (22), AXA (25), BNP Paribas (30), GDF Suez (33), Banco Santander (44), Bank of America (46), JP Morgan Chase (51), HSBC Holdings (53), Apple (55), IBM (57), Citigroup (60), Société Générale (67), Nestlé (71), Wells Fargo (80), Archer Daniels Midland (92), and Bank of China (93).

The 10 largest corporations in Canada include: Manulife Financial, Suncor Energy, Royal Bank of Canada, Power Corporation of Canada, George Weston, Magna International, Toronto-Dominion Bank, Bank of Nova Scotia, Onex, and Husky Energy.

The 10 largest corporations in Britain are: BP, HSBC Holdings, Tesco, Vodafone, Barclays, Lloyds Banking Group, Royal Bank of Scotland, Aviva, Rio Tinto Group, and Prudential.

The 10 largest conglomerates in France are: Total, AXA, BNP Paribas, GDF Suez, Carrefour, Crédit Agricole, Société Générale, Électricité de France, Peugeot, and Groupe BPCE.

The 10 largest conglomerates in Germany are: Volkswagen, E. ON, Daimler, Allianz, Siemens, BASF, BMW, Metro, Munich Re Group, and Deutsche Telekom.

The 10 largest conglomerates in the United States are: Exxon Mobil, Wal-Mart Stores, Chevron, ConocoPhillips, General Motors, General Electric, Berkshire Hathaway, Fannie Mae, Ford Motor, and Hewlett-Packard.

In October of 2011, a scientific study about the global financial system was released, the first of its kind, undertaken by three complex systems theorists at the Swiss Federal Institute of Technology in Zurich, Switzerland. The conclusion of the study revealed what many theorists and observers have noted for years:

“An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.” As one of the researchers stated, “Reality is so complex, we must move away from dogma, whether it’s conspiracy theories or free-market… Our analysis is reality-based.” Using a database which listed 37 million companies and investors worldwide, the researchers studied all 43,060 trans-national corporations (TNCs), including the share ownerships linking them.

The mapping of “power” was done through the construction of a model showing which companies controlled other companies through shareholdings. The web of ownership revealed a core of 1,318 companies with ties to two or more other companies. This “core” was found to own roughly 80% of global revenues for the entire set of 43,000 TNCs.

And then came what the researchers referred to as the “super-entity” of 147 tightly-knit companies, which all own each other, and collectively own 40% of the total wealth in the entire network. One of the researchers noted, “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network.”

This network poses a huge risk to the global economy, noted the researchers: “If one [company] suffers distress… this propagates.” The study was undertaken with a data set established prior to the economic crisis, thus, as the financial crisis forced some banks to fail (such as Lehman Brothers) and others to merge (such as Merrill Lynch and Bank of America), the “super-entity” would now be even more connected, concentrated, and thus, dangerous for the economy.

The top 50 companies on the list of the “super-entity” included (as of 2007): Barclays Plc (1), Capital Group Companies Inc (2), FMR Corporation (3), AXA (4), State Street Corporation (5), JP Morgan Chase & Co. (6), UBS AG (9), Merrill Lynch & Co Inc (10), Deutsche Bank (12), Credit Suisse Group (14), Bank of New York Mellon Corp (16), Goldman Sachs Group (18), Morgan Stanley (21), Société Générale (24), Bank of America Corporation (25), Lloyds TSB Group (26), Lehman Brothers Holdings (34), Sun Life Financial (35), ING Groep (41), BNP Paribas (46), and several others.

In December of 2011, Roger Altman, the former Deputy Secretary of the Treasury under the Clinton administration, wrote an article for the Financial Times in which he explained that financial markets were “acting like a global supra-government,” noting:

“They oust entrenched regimes where normal political processes could not do so. They force austerity, banking bail-outs and other major policy changes. Their influence dwarfs multilateral institutions such as the International Monetary Fund. Indeed, leaving aside unusable nuclear weapons, they have become the most powerful force on earth.”

Altman continued, explaining that when the power of this “global supra-government” is flexed, “the immediate impact on society can be painful – wider unemployment, for example, frequently results and governments fail.” But of course, being a former top Treasury Department official, he went on to praise the “global supra-government,” writing that, “the longer-term effects can be often transformative and positive.”

Ominously, Altman concluded: “Whether this power is healthy or not is beside the point. It is permanent,” and “there is no stopping the new policing role of the financial markets.”

So, this small network of dominant global companies and banks, many of which are larger than most countries on earth, with no democratic accountability, are also acting independently as a type of “global supra-government” forcing even our dysfunctional and façade-like “democratic” governments to collapse if they do not do as “financial markets” say – such as the recent cases of democratically-elected governments in Greece and Italy whose officials were forced out and replaced with unelected bankers.

In any other situation that’s called a coup d’état. But as Altman’s view reflected, powerful government officials will not oppose this network, whether or not the power is good for human lives and human communities – which is, in Altman’s words, “beside the point.” After all, in his view, “it is permanent.”

Unless, of course, the people of the world decide to have a say in the matter.

Andrew Gavin Marshall is an independent researcher and writer based in Montreal, Canada, with a focus on studying the ideas, institutions, and individuals of power and resistance across a wide spectrum of social, political, economic, and historical spheres. He has been published in AlterNet, CounterPunch, Occupy.com, Truth-Out, RoarMag, and a number of other alternative media groups, and regularly does radio, Internet, and television interviews with both alternative and mainstream news outlets. He is Project Manager of The People’s Book Project and has a weekly podcast show with BoilingFrogsPost.

When Democracy Is Trumped By The Excesses Of Private Capitalism

In Uncategorized on January 16, 2013 at 1:03 pm

https://i2.wp.com/lawrencerspencer.com/wp-content/uploads/2012/03/Pyramid_of_Capitalist_System.pngOldspeak:”Modern capitalism has undermined democracy, replacing it with a plutocracy. All the props of a democracy remain intact – elections, legislatures, media – but they predominantly function at the service of the oligarchy.” When you choose to look beyond the gauzy veil of inverted totalitarian kleptocracy, you begin to see the real world, and it ain’t pretty. You begin to see that our society is one gigantic ponsi scheme.  All workers work, while a select few owners benefit most. You’ll see how Corprocratic media is used by oligarchs  to shape how and what you think.  99% of everything you see, hear, and read is designed to serve a small segment of the populations purposes.  conspicuous consumption is paramount, as are ever-increasing profits and “growth”. The needs of the vast majority are given lip service and largely ignored.  The political class falls over itself to legislate for the benefit of their corprocratic controllers, participating in sham elections and legislative theater to give the people the impression they’re still living in a representative democracy. Corprocrats continue to consolidate their control over the education system, strictly controlling the range of acceptable thought, what it researched and discussed.  Critical thinking is discouraged in academia.  There is no questioning of the capitalist system that zealously rewards aberrant and amoral behavior, while discouraging and disparaging humanistic behavior.  If there is questioning, it is largely ignored, and those who question are labeled “crazy”,  “misguided” or “conspiracy theorist”.  There are a few brave souls remaining who choose to question the official narrative, and explore possibilities and solutions that fall out side the narrow corporate-approved range of thought.  Professor Wolff is one of them. His words resonate so deeply with me. Enjoy!”

By Richard D. Wolff @ Truthout:

The problems of capitalism flow in part from who directs productive enterprises and how they direct them. In capitalism, the directors are the capitalists; workers are excluded from direction.

Driven by competition and other aspects of the system, capitalists direct the what, how, and where of production and the distribution of the surpluses they appropriate in their enterprises in very particular ways. Capitalists define goals such as maximizing profits and achieving high rates of growth or larger market shares, and then direct their enterprises accordingly. Capitalists routinely pursue those goals, often at the expense of their workers. For example, they fire workers and replace them with machines, or they impose a technology that exposes workers to health and environmental risks but increases profits, or they relocate production out of the country to exploit cheaper labor. However, if enterprises were organized differently—if workers collectively directed enterprises (and thus excluded capitalists)—the problems of enterprises would be solved in different ways, with different social consequences.

In societies where the private capitalist organization of production prevails, the workers – the vast majority of the people – must live with the results of capitalists’ decisions in directing enterprises. However, they are allowed no general participation in those decisions. Sometimes, workers, alone or allied with others, can influence capitalists’ allocations of an enterprise’s surplus. If, for example, workers threaten job actions while consumers threaten to boycott an enterprise’s products, their alliance might achieve changed surplus allocations to meet their respective demands. These might include, for example, job-site daycare facilities for workers’ children, medical insurance for workers and their families, and even pay supplements beyond basic wages. Capitalists recognize, in such cases, that the reproduction of their enterprises requires allocating some surplus to such usages.

Generally, the appropriation and distribution of enterprise surpluses is the exclusive right and responsibility of the capitalists, not the workers. Thus the problems of modern capitalism – for example, environmental degradation, extremely unequal distributions of income and wealth, and recurring, socially costly business cycles – result in significant ways from how capitalists direct their enterprises. Derivative problems—for example, the undermining of democracy as corporations and the rich protect their disproportionate wealth and power by corrupting politics – also result, to a significant degree, from how capitalists direct their enterprises.

Modern markets confront each capitalist enterprise with the competitive threat that another enterprise will be able to offer an alternative product of higher quality, lower price, or both. The uncertainties of changing tastes and preferences, changing interest rates for loans, changing prices for necessary inputs, and so on confront enterprises with a vast array of threats to their survival. Political shifts in the larger society mean that the taxes they have to pay, regulations they have to endure, and subsidies they may lose can also threaten their survival.

The typical capitalist enterprise’s response is to seek more profits, increase the size of the company, or gain a bigger share of the market. Different enterprises stress one or another of these goals, depending on which is more important or available for its survival. Achieving these goals strengthens the capacity of the enterprise to prevent or lessen or absorb the endless array of threats it faces. Likewise, achieving these goals improves the enterprise’s capacity to take advantage of any opportunity that arises. Thus, for example, greater profits enable an enterprise to make the investments needed to tap a new market; faster growth attracts capital and good press reports; and a larger market share can secure lower prices for larger quantities of purchased inputs.

In short, what capitalists do is governed by the system that unites the enterprises directed by capitalists, the markets in which they buy and sell, and the larger society and government for which they provide the bulk of goods and services. Capitalists respond to the signals they receive from the markets, the media, the government, and so on. The goals they pursue – profits, growth, and market share – are their rational responses to those signals. That pursuit is how the capitalist system defines their tasks or jobs. How well capitalists achieve these goals plays a major role in determining their remuneration, their social prestige, and their self-esteem.

Indeed, some capitalists come to internalize the system’s rules and imperatives. They define themselves and mold their personalities in conformity with the behaviors imposed on them as capitalists. So it may seem and be said – even by capitalists themselves – that they are greedy or have other character flaws. However, when capitalists, for example, try to squeeze more work out of employees while trying to pay them less, replace workers with machines, relocate production to low-wage areas, risk their workers’ health with cheap but toxic inputs, and so on – those are behaviors prompted in them by the realities of the system within which they work and for which they are rewarded and praised. Many capitalists do these things without being greedy or evil. When capitalists do display greed or other character flaws, those flaws are less causes than results of a system that requires certain actions by capitalists who want to survive and prosper.

The many different problems and failures of the capitalist system we have been discussing pertain to private capitalism, whether they are more or less regulated. These problems and failures follow in large part from the internal organization of capitalist enterprises. Their directors often respond to the threats and opportunities facing the enterprise in ways that damage the interests of their workers, the workers’ families, and the larger communities. That is how the system works and generates its particular and often serious economic problems.

What happens if we shift our focus from economics to politics? Politics in the United States has become utterly dependent on and corrupted by financial contributions to candidates, political parties, lobbyists, think tanks, and special committees, recently further enabled by the Citizens United Supreme Court decision. The disparity of interests between capitalists and workers and the disparity of the concentrated resources they can and do devote to supporting their favored positions, politicians, and parties undermine a democratic politics.

In fact, we must question the very possibility of genuine democracy in a society in which capitalism is the basic economic system. A functioning democracy would require that all people be provided with the time, information, counsel, and other supports needed to participate effectively in decision-making in the workplace and at the local, regional, and national levels of their residential communities. The economic realities of capitalism preclude that for the overwhelming majority of workers, in stark contrast to corporate directors, top managers, their professional staff, and all those with significant incomes from property (above all, their property in shares of capitalist enterprises). Such persons also have concentrated wealth in the forms of their enterprises’ surpluses and/or their personal property that they can donate to their preferred representatives among the society’s major institutions, parties, and candidates. The political leadership created through such networks in turn advances these groups’ interests in a capitalist system that rewards them richly. Only a highly mobilized and coordinated organization of the workers could hope to secure the financial resources that might begin seriously to contest the political power of capitalists’ money by combining very small contributions from a very large number of donors. This possibility has sufficiently concerned capitalist interests that they have devoted enormous resources to sustaining opposition to workers’ organizations. That opposition helped to produce the last fifty years’ decline in US labor union membership as a percentage of workers and of political parties seeking to represent workers’ interests against those of capitalists.

It is important to note that combinations and coalitions of corporate directors, top managers, large shareholders, and their various professional staffs have often used their financial resources in struggles among themselves.

These groups have and pursue some conflicting interests. However, their struggles do not blind them to common interests in securing the political conditions of the capitalist economic system. Thus they worked together to secure the massive US government intervention to overcome the capitalist crisis that hit in 2007, even though the bailouts went more to some firms and industries than to others. Similarly, they nearly all endorsed the refusal of the Bush and Obama administrations to undertake a federal hiring program to slash unemployment, even though firms and industries would be differently affected by such a program.

In the decades since the 1970s, stagnant real wages, rising hours of paid labor performed per person and per household, and rising levels of household debt all combined to leave working families with less time and energy to devote to politics – or indeed to social activities and organizations in general. Working-class participation in politics, already limited before the 1970s, shrank very significantly during the neoliberal period. At the same time, the soaring profits of US business and personal wealth of the richest Americans increasingly poured into US politics. In the first place, they had quickly growing resources that allowed them to influence politics to a greater extent than ever before.

In the second place, they had greater incentives to do so than ever before. The inequalities of individual wealth and income in the United States were growing. The profitability of business, and especially of the largest corporations, was likewise growing. This posed a challenge. Rising economic inequalities are always issues of concern to those at the top because of the risks of envy, resentment, and opposition. There is always the possibility that the economically disadvantaged will seek to use political means to recoup their losses in the economy. The 99 percent might turn to politics to negate the economic gains of the 1 percent. Thus it became – and remains – more important than ever for the 1 percent to use their money to shape and control politics.

The last three decades of US politics did not see a change of political opinion from more left to more right. Rather, what happened was a relative withdrawal from politics of those social groups that favored social-welfare and income-redistribution policies (the New Deal “legacy”) and a relative increase in the participation of business and the rich, who used their money to shift the tone and content of US politics.

The result of this political shift has compounded the social costs and negative impacts of the economic crisis since 2007. Our dysfunctional economic system has suffered the added burden of a dysfunctional political system. Political parties and politicians stumble over one another in pandering to corporations and the rich.

Thus the TARP program of 2008 provided money to bail out banks and other corporations while also claiming to help the millions facing foreclosure. While the bailouts were accomplished, foreclosure assistance was trivial and far below even what little had been promised. If this was trickle-down economics, workers saw only a very slight trickle. Bush and then Obama have insisted on limiting government programs to reduce unemployment to those that “provide incentives and encouragement to the private sector” to hire more people. The political establishments in both parties refuse to discuss federal programs to hire the millions of workers who are unemployed. Instead, the crisis since 2007 has prompted all levels of government to cut many programs and payrolls, imposing “austerity” budgets just when the mass of people need exactly the opposite. A virtual political taboo precludes public discussion of how the costs for more government spending and larger government payrolls could be defrayed by taxing corporations and the rich. That would be an anti-crisis “trickle-up” government economic policy that does not entail deficits or raise the national debt.

What prevents another New Deal-type trickle-up economic policy from being adopted now is a political system compromised by its dependence on money drawn predominantly from certain social groups. Not surprisingly, those groups insist on trickle-down economics. The government helps them first, foremost, and overwhelmingly. The rest of the economy and society then wait to see what, if anything, actually trickles down.

Meanwhile, the total losses for the US economy for the years since 2007 far exceed what could have been spent to keep the economy going. Since 2007, many millions of newly unemployed and around 20 percent of our productive capacity have been sitting idle. Those people want to work; our economy wants and needs the wealth they could create to solve many of our nation’s and the world’s problems. However, our private capitalist economic system cannot bring together the unemployed with the idle tools, equipment, and raw materials to produce that wealth. And a dysfunctional political system does nothing about that.

The development of US capitalism, especially since the 1970s, has produced extreme economic inequality, the second major crisis in the last seventy-five years, and a political system in which money trumps democracy. To change this requires a cure for capitalism that targets both its economic and political problems directly and effectively.

Crucial Issues That Obama & Romney Avoid

In Uncategorized on October 16, 2012 at 2:48 pm

Oldspeak: “There are two issues of overwhelming significance, because the fate of the species is at stake: environmental disaster, and nuclear war…  Elections are run by the public relations industry. Its primary task is commercial advertising, which is designed to undermine markets by creating uninformed consumers who will make irrational choices — the exact opposite of how markets are supposed to work, but certainly familiar to anyone who has watched television. It’s only natural that when enlisted to run elections, the industry would adopt the same procedures in the interests of the paymasters, who certainly don’t want to see informed citizens making rational choices.”Noam Chomsky. Chomsky brilliantly elucidates 2 major issues of a constellation of vital issues that are largely ignored by corporate controlled political parties. The reason is that both candidate have similar positions on many more issues than they most think . Privatization (education, health care, politics, war, public sector, etc) , dirty energy, cutting the social safety net, poverty, currency devaluation, “free trade”, militarization, stripping of civil liberties, warrantless surveillance, deregulation, targeted assassination, regime change, covert/perpetual war.  etc etc…. Corporate controlled media dutifully ‘reports’ on the differences between the selected candidates, not asking any questions challenging status quo worldview and ideology.  Focusing the ovine populace on inane minutiae like how often a candidate drinks water, facial expressions, flag pin size, way of standing, competence of the moderator,  etc etc etc… never once questioning the waves of bald-faced lies, exaggerations, misrepresentations and mangled-truths that come out of the candidates mouths.  Then they switch coverage to “spin rooms” where corporate approved “surrogates” “allow the campaigns to coordinate their message and serve it up as a buffet-style meal for news reporters: All the quotes you can eat“. All this effort expended to perpetuate a blinding illusion of choice. “Ignorance is Strength”

By Noam Chomsky @ Chomsky.info:

With the quadrennial presidential election extravaganza reaching its peak, it’s useful to ask how the political campaigns are dealing with the most crucial issues we face. The simple answer is: badly, or not at all. If so, some important questions arise: why, and what can we do about it?

There are two issues of overwhelming significance, because the fate of the species is at stake: environmental disaster, and nuclear war.

The former is regularly on the front pages. On Sept. 19, for example, Justin Gillis reported in The New York Times that the melting of Arctic sea ice had ended for the year, “but not before demolishing the previous record — and setting off new warnings about the rapid pace of change in the region.”

The melting is much faster than predicted by sophisticated computer models and the most recent U.N. report on global warming. New data indicate that summer ice might be gone by 2020, with severe consequences. Previous estimates had summer ice disappearing by 2050.

“But governments have not responded to the change with any greater urgency about limiting greenhouse emissions,” Gillis writes. “To the contrary, their main response has been to plan for exploitation of newly accessible minerals in the Arctic, including drilling for more oil” — that is, to accelerate the catastrophe.

This reaction demonstrates an extraordinary willingness to sacrifice the lives of our children and grandchildren for short-term gain. Or, perhaps, an equally remarkable willingness to shut our eyes so as not to see the impending peril.

That’s hardly all. A new study from the Climate Vulnerability Monitor has found that “climate change caused by global warming is slowing down world economic output by 1.6 percent a year and will lead to a doubling of costs in the next two decades.” The study was widely reported elsewhere but Americans have been spared the disturbing news.

The official Democratic and Republican platforms on climate matters are reviewed in Science magazine’s Sept. 14 issue. In a rare instance of bipartisanship, both parties demand that we make the problem worse.

In 2008, both party platforms had devoted some attention to how the government should address climate change. Today, the issue has almost disappeared from the Republican platform — which does, however, demand that Congress “take quick action” to prevent the Environmental Protection Agency, established by former Republican President Richard Nixon in saner days, from regulating greenhouse gases. And we must open Alaska’s Arctic refuge to drilling to take “advantage of all our American God-given resources.” We cannot disobey the Lord, after all.

The platform also states that “We must restore scientific integrity to our public research institutions and remove political incentives from publicly funded research” — code words for climate science.

The Republican candidate Mitt Romney, seeking to escape from the stigma of what he understood a few years ago about climate change, has declared that there is no scientific consensus, so we should support more debate and investigation — but not action, except to make the problems more serious.

The Democrats mention in their platform that there is a problem, and recommend that we should work “toward an agreement to set emissions limits in unison with other emerging powers.” But that’s about it.

President Barack Obama has emphasized that we must gain 100 years of energy independence by exploiting fracking and other new technologies — without asking what the world would look like after a century of such practices.

So there are differences between the parties: about how enthusiastically the lemmings should march toward the cliff.

The second major issue, nuclear war, is also on the front pages every day, but in a way that would astound a Martian observing the strange doings on Earth.

The current threat is again in the Middle East, specifically Iran — at least according to the West, that is. In the Middle East, the U.S. and Israel are considered much greater threats.

Unlike Iran, Israel refuses to allow inspections or to sign the Nuclear Non-Proliferation Treaty. It has hundreds of nuclear weapons and advanced delivery systems, and a long record of violence, aggression and lawlessness, thanks to unremitting American support. Whether Iran is seeking to develop nuclear weapons, U.S. intelligence doesn’t know.

In its latest report, the International Atomic Energy Agency says that it cannot demonstrate “the absence of undeclared nuclear material and activities in Iran” — a roundabout way of condemning Iran, as the U.S. demands, while conceding that the agency can add nothing to the conclusions of U.S. intelligence.

Therefore Iran must be denied the right to enrich uranium that is guaranteed by the NPT and endorsed by most of the world, including the nonaligned countries that have just met in Tehran.

The possibility that Iran might develop nuclear weapons arises in the electoral campaign. (The fact that Israel already has them does not.) Two positions are counterposed: Should the U.S. declare that it will attack if Iran reaches the capability to develop nuclear weapons, which dozens of countries enjoy? Or should Washington keep the “red line” more indefinite?

The latter position is that of the White House; the former is demanded by Israeli hawks — and accepted by the U.S. Congress. The Senate just voted 90-1 to support the Israeli position.

Missing from the debate is the obvious way to mitigate or end whatever threat Iran might be believed to pose: Establish a nuclear weapons-free zone in the region. The opportunity is readily available: An international conference is to convene in a few months to pursue this objective, supported by almost the entire world, including a majority of Israelis.

The government of Israel, however, has announced that it will not participate until there is a general peace agreement in the region, which is unattainable as long as Israel persists in its illegal activities in the occupied Palestinian territories. Washington keeps to the same position, and insists that Israel must be excluded from any such regional agreement.

We could be moving toward a devastating war, possibly even nuclear. Straightforward ways exist to overcome this threat, but they will not be taken unless there is large-scale public activism demanding that the opportunity be pursued. This in turn is highly unlikely as long as these matters remain off the agenda, not just in the electoral circus, but in the media and larger national debate.

Elections are run by the public relations industry. Its primary task is commercial advertising, which is designed to undermine markets by creating uninformed consumers who will make irrational choices — the exact opposite of how markets are supposed to work, but certainly familiar to anyone who has watched television.

It’s only natural that when enlisted to run elections, the industry would adopt the same procedures in the interests of the paymasters, who certainly don’t want to see informed citizens making rational choices.

The victims, however, do not have to obey, in either case. Passivity may be the easy course, but it is hardly the honorable one.

Labor Day & The Election Of 2012: It’s The Inequality, Stupid.

In Uncategorized on September 3, 2012 at 6:53 pm

https://i0.wp.com/truth-out.org/images/090312in_.jpgOldspeak:” Seems pretty self-explanatory: “As wealth and income rise to the top, moreover, so does political power. The rich are able to entrench themselves by lowering their taxes, gaining special tax breaks (such as the “carried interest” loophole allowing private equity and hedge fund managers to treat their incomes as capital gains), and ensuring a steady flow of corporate welfare to their businesses (special breaks for oil and gas, big agriculture, big insurance, Big Pharma, and, of course, Wall Street). All of this squeezes public budgets, corrupts government, and undermines our democracy. The issue isn’t the size of our government; it’s who our government is for. It has become less responsive to the needs of most citizens and more to the demands of a comparative few.“-Robert Reich

By Robert Reich @ Robert Reichs Blog:

The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth, and political power at the very top – among a handful of extraordinarily wealthy people – and the steady decline of the great American middle class.

Inequality in America is at record levels. The 400 richest Americans now have more wealth than the bottom 150 million of us put together.

Republicans claim the rich are job creators. Nothing could be further from the truth. In order to create jobs, businesses need customers. But the rich spend only a small fraction of what they earn. They park most of it wherever around the world they can get the highest return.

The real job creators are the vast middle class, whose spending drives the economy and creates jobs.

But as the middle class’s share of total income continues to drop, it cannot spend as much as before. Nor can most Americans borrow as they did before the crash of 2008 — borrowing that temporarily masked their declining purchasing power.

As a result, businesses are reluctant to hire. This is the main reason why the recovery has been so anemic.

As wealth and income rise to the top, moreover, so does political power. The rich are able to entrench themselves by lowering their taxes, gaining special tax breaks (such as the “carried interest” loophole allowing private equity and hedge fund managers to treat their incomes as capital gains), and ensuring a steady flow of corporate welfare to their businesses (special breaks for oil and gas, big agriculture, big insurance, Big Pharma, and, of course, Wall Street).

All of this squeezes public budgets, corrupts government, and undermines our democracy. The issue isn’t the size of our government; it’s who our government is for. It has become less responsive to the needs of most citizens and more to the demands of a comparative few.

The Republican response – as we saw dramatically articulated this past week in Tampa – is to further reduce taxes on the rich, defund programs for the poor, fight unions, allow the median wage to continue to fall, and oppose any limits on campaign contributions or spending.

It does not take a great deal of brainpower to understand this strategy will lead to an even more lopsided economy, more entrenched wealth, and more corrupt democracy.

The question of the moment is whether next week President Obama will make a bold and powerful rejoinder. If he and the Democratic Party stand for anything, it must be to reverse this disastrous trend.

Trans-Pacific Partnership: Obama To Sign Secret Treaty That Will Offshore U.S. Jobs To Slave-Wage Countries; Decimate Corporate Regulations

In Uncategorized on July 13, 2012 at 12:37 pm

A group photo of leaders from the member countries of the Trans-Pacific Strategic Economic Partnership Agreement (TPP). (Photo: Gobierno de Chile)

Oldspeak:”While Obama is touring the country assailing Mitt Romney’s record on offshoring and yapping about creating jobs in America, and regulating banks, he’s working on a treaty that will do THE EXACT OPPOSITE. It will give companies incentives to move jobs out of the U.S. to slave-wage countries, severely limit government regulation of financial services, zoning and land use, product and food safety, energy and other essential services, tobacco, and more.  It will consolidate corporate control over public resources and services. It’s basically NAFTA on Andro. “The TPP negotiations have been going on for two years under extreme secrecy, no information has been made available to either the press or Congress about the US position. But on June 12, a document was leaked to the watchdog group, Public Citizen, revealing the current US position and the reason for the secrecy. The contents are surreal, shocking and prima facia evidence for how corporations have become the master puppeteers of our government.” –Dr Brian Moench No surprise, universal silence in corporate media on this.  Also no surprise that Mitt Romney has demanded that this treaty be signed months ago. Both of these men have consistently proven themselves to be wholehearted Transnational Corporate Network Shills. This Illusion of choice make me think of the words of Dr. Howard Zinn “If the gods had intended for people to vote, they would have given us candidates… If those in charge of our society – politicians, corporate executives, and owners of press and television – can dominate our ideas, they will be secure in their power. They will not need soldiers patrolling the streets. We will control ourselves.” Democracy’s gone, America is a one party Inverted Totalitarian Kleptocratic State. “Ignorance Is Strength” “Freedom Is Slavery”

Related Stories:

Trans-Pacific Partnership Trade Negotiations Seal Obama’s Pro-Corporate Approach to Foreign Policy

Growing Attention to Obama Trans-Pacific Trade Pact Threatens to Undermine Offshoring Attack on Romney as TPP Talks Wrap Up Today

Trans-Pacific Partnership: Under Cover of Darkness, a Corporate Coup Is Underway

By Dr. Brian Moench @ Truthout:

This may be one of the most important stories ever ignored by the so-called “lame-stream, liberal” media. It’s unlikely you’re losing sleep over US trade negotiations, but the unfolding business agreement among the US and eight Pacific nations -the Trans-Pacific Partnership (TPP) – should cause every US citizen, from the Sierra Club to the Tea Party to get their pitch forks and torches out of the closet and prepare to “storm the Bastille.”

The TPP negotiations have been going on for two years under extreme secrecy, no information has been made available to either the press or Congress about the US position. But on June 12, a document was leaked to the watchdog group, Public Citizen, revealing the current US position and the reason for the secrecy. The contents are surreal, shocking and prima facia evidence for how corporations have become the master puppeteers of our government.

The leaked document reveals that the trade agreement would give unprecedented political authority and legal protection to foreign corporations. Specifically, TPP would (1) severely limit regulation of foreign corporations operating within US boundaries, giving them greater rights than domestic firms; (2) extend incentives for US firms to move investments and jobs to lower-wage countries; and (3) establish an alternative legal system that gives foreign corporations and investors new rights to circumvent US courts and laws, allowing them to sue the US government before foreign tribunals and demand compensation for lost revenue due to US laws they claim undermine their TPP privileges or their investment “expectations.”

Despite the North American Free Trade Agreement’s (NAFTA) failures, corporations are arm-twisting the federal government to pursue trade agreements as inevitable and necessary for economic progress. But 26 of the 28 chapters of this agreement have nothing to do with trade. TPP was drafted with the oversight of 600 representatives of multinational corporations, who essentially gave themselves whatever they wanted; the environment, public health, worker safety, further domestic job losses be damned.

Residents of the West should be particularly alarmed. TPP would allow the plunder of our natural resources by foreign corporations allowed to bypass US law. Disputes over Western land contracts for mining and timber, for example, would be settled by international tribunals. Even if you are oblivious to environmental concerns, you should be outraged at the total circumvention of national sovereignty. Foreign investors could bypass our legal framework, take any dispute to an international tribunal and pursue compensation for being denied access to our resources at fire-sale prices – with much of the West on fire as we speak.

It gets worse. Those tribunals would be staffed by private-sector lawyers that rotate between acting as “judges” and as advocates for the corporations suing the governments. American taxpayers could be forced to pay those corporations virtually unlimited compensation for trying to protect our air, land and water from much looser standards than current US law allows.

This agreement could directly affect efforts in my home state of Utah to hold the international mining giant, Rio Tinto, accountable to the Clean Air Act. A consortium of public health and environmental groups including WildEarth Guardians, Utah Physicians for a Healthy Environment, Utah Moms for Clean Air and the Sierra Club have filed suit against Rio Tinto for mining more – and polluting more – than the amount allowed by the Environmental Protection Agency via provisions in the Clean Air Act. This agreement would allow disputes about their pollution to be settled by foreign “judges” who don’t live in Utah, aren’t personally affected by the outcome, aren’t even US citizens and could be attorneys for mining companies. Talk about putting the fox in charge of the chickens.

The original TPP nations were the US, Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore and Brunei Darussalam. But Mexico, China, Japan and Canada are expected to be invited to join, so there is no comfort to be derived from the thought that only a few minor, foreign corporations will be given these extraordinary free passes to profit at our expense. Of course, American corporations will get the same opportunity to “invade” other countries, as if that makes this agreement any less grotesque.

TPP is much worse than NAFTA, which eviscerated middle-class jobs and wealth in the US. And this sellout to foreign corporations is not just a rogue brain cramp of President Obama. Mitt Romney demanded this agreement be signed months ago, and the notorious “climate change denying” US Chamber of Commerce can’t get it signed fast enough. Romney has called Obama’s the most hostile administration to business in recent history. If the TPP trade agreement is “hostile” to business, god help us if we have an administration, presumably Romney’s, “friendly” to business.

If you thought that with Citizens United we had hit rock bottom in surrendering our democracy to the power of money, this TPP “trade agreement” would throw our democracy into free fall. Foreign corporations will be allowed to feast like termites upon America’s natural resources, trash our environment and public health, violate our rights as American citizens and make us pay them if we try to protect ourselves.

The Spectacle Of Terrorism And Its Vested Interests

In Uncategorized on May 10, 2012 at 2:50 pm

Oldspeak:”The “War On Terror” has been monetized. “It is important to note that we can no longer assume that the FBI and the CIA and the NSA work, first of all, for the safety of the American people; they also now represent a revolving door of government officials who become security industry lobbyists and manufacturers, which, in turn, get the multimillion-dollar contracts for tackling the very problems these stories appear to highlight.” –Naomi Wolf. In an inverted totalitarian kleptocracy, EVERYTHING is for sale, including terrorism, fear, safety, and security. Those words are used to sell us more shit we don’t need than we care to realize. They’re used to deprive us of our rights and liberties. They’re used to keep us in a perpetual state of shock & learned helplessness. And various vested interests are making trillions off of these words. All while, we’re less safe, less secure, and more fearful and creating more terrorists with ever death-dealing drone strike.” “War is Peace”, “Freedom is Slavery”, “Ignorance is Strength”.

By Naomi Wolf @ The U.K. Guardian:

The news stories, which quickly surface, long enough to cause scary headlines, then vanish before people can learn how often the cases are thrown out. These are stories about “bumbling fantasists”, hapless druggies, the aimless, even the virtually homeless and mentally ill, and other marginal characters with not the strongest grip on reality, who have been lured into discourses about violence against America only after assiduous courting, and in some cases outright payment, by undercover FBI or police informants.

They have become a litany in recent years. The terrifying 2003-2004 national news stories that a Detroit “sleeper cell” had sent Muslim terrorists to blow up Disneyland and other landmarks, including in Las Vegas, was later thrown out of court, with accusations of prosecutorial misconduct, to almost no press attention – the same cycle of hype and failed convictions that have characterized many such stories. The evidence had included a home video taken in Disneyland, “doodles”, and a guy with a credit card fraud problem, who had been pressured to diminish his own sentence by accusing his buddies.

But the tales of entrapment and terror hype continue apace – ten years after 9/11. Judith Miller, in Newsmax, writes that one recent case was so lame that even the FBI distanced itself from NYPD: “Despite FBI Doubts, NYPD Convinced Pipe Bomb Case Posed Real Danger”, noted the headline on her 28 November 2011 article. A 27-year-old Dominican immigrant, Jose Pimentel, aka Muhamad Yusuf, had been monitored by NYPD for two years. Last fall, Manhattan District Attorney Cyrus Vance Jr charged Pimentel with constructing pipe bombs to attack “police cars, post offices, veterans of Iraq and Afghanistan, and other targets”.

An email in the case, which purports to show that Pimentel was writing about violent jihad to the al-Qaida-supporting “glossy magazine” Inspire, was described to Judith Miller by anonymous “law enforcement officials”. Given Miller’s journalistic history, this sentence alone should raise eyebrows. But the alleged email is, she writes, “part of a vast investigative file containing over 400 hours of surveillance audio and video tapes, interviews, and other material amassed by the NYPD”. New York Police Commissioner Ray Kelly, in a flashy press conference, called the young man a “lone wolf” terrorist – a recent DHS soundbite. But the case was so shaky that the Federal Bureau of Investigation, as well as federal prosecutors, did not want to join the case: “Too many holes in the case”, other anonymous officials told Miller.

Pimentel was one of what has become an army of FBI- or NYPD-entrapped losers. He had no money, no job, and at key points lived with his mom. The New York Times noted that he may have been psychologically “unstable”, and that he had made threats after smoking pot. Officials say that in May 2010, he repeated loudly in Arabic that “America is my enemy.” This scary guy was a circuit city clerk in Schenectady, New York.

Additional evidence that Miller’s anonymous sources give for his being a terrorist? In 2010, he had $100. One witness told police “that he had flashed a $100 bill when he made some purchases.”Another? “Pimentel scraped the heads of some 750 matches, officials say.” The scenario that entrapped Pimentel involved a surround-sound of informants trying to entrap him in cyberspace and to lure him to incriminate himself in taped phone conversations. But the FBI dropped its involvement after they judged that the informant had been too active in helping: urging or arranging for Pimentel to start drilling into pipe pieces – the evidence that he intended to set off a bomb.

Many other, much-ballyhooed cases of “homegrown terrorism” show this creaky, effortful, farcical quality of people who, left to their own devices by the FBI or NYPD, would have remained harmlessly playing video games in their childhood bedrooms, smoking their doobies, or babbling gently to themselves, on their anti-psychotic meds, about geopolitical forces.

The “Newburgh Four” is another such case, as Russia Today reported: four African-American Muslims were found guilty recently of a plot to place bombs in two Bronx synagogues and to shoot down military aircraft in Newburgh. Another flashy press conference in May 2009 showcased these four men as “the faces of homegrown terrorism”. The FBI had claimed that the men had planned to commit their acts of terrorism on the day that they were arrested. Joseph Demarest from the FBI called it “a terrifying plot”.

The men were low-income former convicts who could not read or write with literacy. They could not drive and had no passports. Shahid Hussain, a Pakistani immigrant who was an FBI employee, got them to say they were going to commit these crimes – paying them $100,000. Hussain presented the men with a fake stinger missile, and Hussain offered these poverty-stricken men cars and money in exchange for their promise to carry out the manufactured plot.

The men’s relatives accused the FBI of entrapment. “I do not think this is entrapment. I know it is. This is entrapment,” said Alicia McWilliams-McCollum, aunt of 29-year-old David Williams. As with many of these scenarios, one can easily imagine poor people with criminal records, offered large sums of money by a fake jihadist, trying to get the money and then trick the instigator. Also, as any AA or Al-Anon counsellor can tell you, if drugs or alcohol are in the mix, entrapment is a ridiculous premise, too: an addict will say anything, and make any ludicrous promise, to get a giant check. It doesn’t mean the addict has any intention of delivering on the supposed contract. David Williams’ aunt says that her nephew is in prison because of a pretend terror attack created by the FBI:

“They are creating scenarios; they are manufacturing crimes. That would not have occurred if you had not planted an unconstructive seed into a community.”

Attorney Steve Dowds, who tracks cases like the Newburgh Four, argues the US government is systematically employing preemptive prosecution:

“They are taking some down and out vulnerable individuals and not only planting the ideology of jihad on them, giving them all the things they need, all of the material. They are setting up the plan, giving them all the research and then grabbing them and claiming these were homegrown terrorists. It is just a fiction.”

Now we have another “underwear bomber” – declared by the Pentagon to have been about to launch a major attack via a US-bound plane, but who appears, reportedly, to have been a CIA-run double agent. What is the evidence that the “device”, which is supposedly so sophisticated that there is doubt as to whether existing surveillance technologies in US airports would have caught it, actually exists? As with so many of these stories, we have no independent verification – because reporters from the British Daily Telegraph, to Reuters, to the Huffington Post are simply taking dictation from New York Representative Peter King and from the Pentagon, and scarcely asking for backup evidence of their elaborate assertions.

It is important to note that we can no longer assume that the FBI and the CIA and the NSA work, first of all, for the safety of the American people; they also now represent a revolving door of government officials who become security industry lobbyists and manufacturers, which, in turn, get the multimillion-dollar contracts for tackling the very problems these stories appear to highlight. The stories about the first “underwear bomber” preceded the rollout of former DHS chief Michael Chertoff’s costly scanners; the press interviews for this round of mystery “underwear bomber” stories are practically a press release for some expensive technological upgrade – or yet more hellishly invasive and demeaning search technique. The sad truth is that we can no longer report and consume such stories as if there were no commercial vested interests involved in creating and sustaining such “terror theater”.

You know we have “terror theater” in the US because nations such as Israel, which are genuinely focussed on deterring terrorism, downplay risk and threats rather than trumpeting them, as DHS does. If the threat is real, they don’t reveal all the details of the latest “planned attack” to the news media – because they are busy investigating real planned attacks, rather than doing corporate PR and product placement. Instead of TSA groping, aviation security, from Britain to Israel, to Spain to Norway, uses much less invasive and more acute security processes, such as face-to-face, in-line interviewing. They do not sell commercial products that subvert recall surety issues, such as the various costly and vastly lucrative new “Global Entry Trusted Traveller Network”, an apparent government program that is not transparent or accountable. You can sign up for for a fee of $100 a year, after an interview. No TSA representative I interviewed knows who owns the initiative, which they said was private, not a government program; nor could they tell me where the money really goes.

Actual terrorism-fighting nations would never devolve such security concerns to private contractors or sell easier travel access for cash – because it is both dangerous and absurd to do so. In fact, what the FBI and CIA and the Pentagon are up against is that people – including Americans – are waking up to the fact that there would be no enemy if we weren’t manufacturing new terrorists by taking out civilians in Pakistan, Yemen and Afghanistan. An end to foreign wars (which are already costing us thousands of casualties a year) would be a much more effective counter-terror strategy than this hyped, synthetic threat to justify a corporate surveillance-and-security product gold rush. Instead, we are treated to a spectacle orchestrated by alarmist officials who keep holding frightening press conferences promoting the threat of dazed, poor, drugged-out “lone wolves”. The true, Orwellian agenda is to support a vast new crony-capitalist industry that uses terror theater to turn open democracies into surveillance societies.

Bipartisan Support As U.S. Congress Rolls Back Toothless, “Financial Reforms” On Complex Financial Instruments, Derivatives

In Uncategorized on April 3, 2012 at 6:34 pm

Oldspeak: “A nation of sheep begets a government of wolves” –Edward R. Murrow.  Exhibit Z of how thoroughly the U.S. government has been captured by casino capitalists/corporatists. Voting by and overwhelming margin to roll back already feeble regulations of the very same OTC derivatives a.k.a. “Financial Weapons Of Mass Destruction”that caused the last global economic crash. Legalized gambling with other peoples money, resources, and livelihoods and having no ability to cover bets is free to continue unfettered once again. I was casually chatting with an investment banker a couple days ago, who was talking about how much more money there was in that field than in education and non-profits and that he hoped to retire by 35, and I remarked “Well you better get it while the gettins good, because it’s all going down again and the crash is gonna be alot worse this time.” he said “Yeah, you know what you’re talkin about, it’s true. It’s going to happen again. How do you know that, do you have a background in finance?” I told him I didn’t I just read and stay informed. The conditions have been created, against all logic, with the help of your corporate-controlled selected representatives to precipitate a bigger and more devastating global economic collapse that will divest many more Americans of their alleged inalienable rights to life liberty and the pursuit of happiness. Hold on tight kids it’s gonna be a bumpy ride. “Profit Is Paramout”

Related Story:

The Mathematical Equation That Caused The Banks To Crash

Related Video:

Credit Default Swaps

By Washington’s Blog:

Out-of-control derivatives were one of the main causes of the economic crisis … and nothing has really been done to solve the problem.

Is Washington finally about to fix the problem?

Of course not … they’re going to make it worse, and roll back even the toothless psuedo-reforms which they pretended to make.

As the Washington Post notes:

To the chagrin of consumer groups, the House gave overwhelming bipartisan approval Monday to two bills easing requirements that President Barack Obama’s overhaul of financial regulations impose on some exotic financial instruments blamed for helping trigger the 2008 financial crisis.

Lawmakers of both parties said they were relaxing rules that would otherwise inhibit the ability of companies to manage the risks of prices and investments, ultimately reducing their profitability and job creation. Consumer groups said legislators were bowing to the interests of their corporate and finance-world contributors and taking steps that might prove harmful to the public.

***

The instruments are called derivatives ….

***

“End users, you know, were not the cause of the financial crisis,” said Rep. Scott Garrett, R-N.J.

Democrats praised the bills as well.

“We should allow American businesses, acting in good faith, to effectively manage risk,” said Rep. Marcia Fudge, D-Ohio.

Truth is even funnier than satire. Congresswoman Fudge, indeed …

 

Wikileaks: Internal Report Indicates U.S. Department Of Homeland Security Monitoring Occupy Wall Street Protests

In Uncategorized on March 1, 2012 at 8:16 pm

Oldspeak:” ‘The internal DHS report emphasizes the need to “control protesters”, They talk about threats to ‘critical infrastructure’ and this fear that these protests are going to…make commerce difficult and people are going to start losing money. There is a kind of bottom line in analysis to what they’re talking about. There isn’t an emphasis on public safety in a way one would expect from a department that’s supposed to protect the homeland. It’s this sort of sense that they’re protecting somebody’s homeland, and they’re the folks who generally make all the money.Michael Hastings COINTELPRO lives on. New Department, same ole shit. Still more evidence that your government does not represent you. It represents those folks who ‘generally make all the money.’ The financial services, and myriad of other anational corporations who gamble with other people’s money, homes and livelihoods; they profit  handsomely as billions of others struggle with debt, poverty, hunger, sickness, homelessness and joblessness. The vast majority of Americans are de-politicized, minimally informed & apathetic, with has paved the way for replacement of often heralded democratic ideals with inverted totalitarianism. Democracy has been subverted by men with million-dollar smiles, and the unwitting masses clamoring for more divestment from their liberties. ”

Related Stories:

Obama Administration Coordinated Local Police Crackdowns On Occupy Encampments Nationwide

Occupy Wall Street “Counterinsurgency” Has Infiltrated Protests; Seeks To Diffuse Message

FBI To Expand Domestic Surveillance Powers As Details Emerge Of Its Spy Campaign Targeting American Activists

By Allison Kilkenny @ In These Times:

Rolling Stone’s Michael Hastings last night posted a story on an internal DHS report entitled “SPECIAL COVERAGE: Occupy Wall Street,” dated October of last year. The five-page report, part of five million newly leaked documents obtained by Wikileaks, sums up the history of the movement and assesses its “impact” on the financial services and government facilities.

In an interview on Citizen Radio, Hastings talked about the monitoring by DHS and also the leaked emails from Stratfor, a leading private intelligence firm Hastings describes as the “shadow CIA.”

The process of combing through the huge amount of leaked documents has only just begun, but Hastings considers the revelation that the government was keeping tabs on OWS to be the biggest news so far to come out of the latest dump.

The monitoring, or spying (depending on how generous one is feeling), process included DHS scouring OWS-related Twitter feeds.

“[DHS] was following all of the social networking activity that was going on among Occupy Wall Street,” says Hastings. “Now, I’m sure this is going to be spun tomorrow as this continues to grow that, oh, it’s just benign, DHS just used open source material to do this, and that’s true, but the question is: why is a large government bureaucracy who’s mandated to protect the homeland…monitoring very closely a peaceful political protest movement? They’re not monitoring the Democratic National Committee, they’re not monitoring Young Republican meetings. They’re monitoring Occupy Wall Street.”

The report emphasizes the need to “control protesters,” terminology Hastings finds troubling, along with DHS’s assertion that OWS will likely become more violent. Hastings calls that prediction “quite a leap,” as there is no evidence so far that the overwhelmingly peaceful movement is prone to become violent.

“[The report] names all the sort of groups [DHS is] worried about, one being Anonymous, this hacktivist group, but it also names the other people in Occupy Wall Street: labor unions, student groups,” Hastings says.

One might expect to read some hand-wringing over public safety concerns in a government document, and yet the DHS document appears to be more concerned with protecting the mechanisms of the financial sector than in ensuring the safety of citizens who are exercising their First Amendment rights.

“They talk about threats to ‘critical infrastructure’ and this fear that these protests are going to…make commerce difficult and people are going to start losing money. There is a kind of bottom line in analysis to what they’re talking about. There isn’t an emphasis on public safety in a way one would expect from a department that’s supposed to protect the homeland. It’s this sort of sense that they’re protecting somebody’s homeland, and they’re the folks who generally make all the money.”

This same business-over-people bias is present in the second major leak involving the Stratfor emails. “When you go look at the back-and-forth, it’s all about, well, we have to protect lower Manhattan so the bankers can get to work on time.”

Hastings talks about two troubling tracks: In the DHS case, the U.S. government monitoring activist groups, and in the Stratfor case, large corporations paying a private intelligence firm to monitor other activist groups.

Dow Chemicals had Stratfor analyze the activities of Bhopal activists such as the Yes Men, who famously pranked the company by impersonating a Dow Chemical executive and publicly apologizing on the BBC for the Bhopal disaster that killed 8,000 people.

The list of Stratfor’s corporate clients is an impressive one, including Dow Chemicals and Coca-Cola. Clients are willing to pay the firm $40,000 for a subscription to Stratfor’s services (and additional huge sums of money for more services,) because the company bills itself as a private CIA, privy to high-level intelligence access.

“You have the DOW Chemicals situation, you have Coca-Cola hiring Stratfor to go after animal rights activists, to sort of keep tabs on them, and then also the question is: why would Stratfor have this Department of Homeland Security document, right? And the answer to that is Stratfor’s clients, or clearly Stratfor saw a business opportunity in keeping track, and figuring out how to handle protesters. In fact, in the email record…they’re talking about different tactics in lower Manhattan about, well, the streets are narrow down there, so if they push the protesters this way, or that way, that’s a better way to catch them. They’re drilling down into the best ways to kind of protect the financial services who are some of their clients.”

On Jan. 26, 2011, Fred Burton, the vice president of Stratfor, fired off an excited email to his colleagues: “Text Not for Pub. We have a sealed indictment on Assange. Pls protect.”

The question was: who did Burton mean by “we”?

“It’s like the Big Lebowski, right? The royal We,” says Hastings.

What Burton meant by “we” was the U.S. government.

“We know that the Department of Justice had been investigating Assange, and playing this game of oftentimes not explicitly saying what they were doing, but sort of threatening they would be doing this espionage investigation. We know that they’ve interviewed people in a grand jury, and then a few weeks ago with the Bradley Manning pre-trial that they were actually trying to make this espionage case against Assange,” says Hastings. “Burton claims that there in fact a secret U.S. indictment against Assange related, essentially, to espionage. That’s pretty big news.”

Hastings is braced for all of the typically condescending and dismissive remarks to come rolling in from the beltway in the wake of these latest leaks. In fact, the derision has already begun. One editor at The Atlantic called Wikileaks “a joke,” and dismissed the Stratfor emails out of hand.

Hastings expects others to say there’s no difference between a private intelligence firm and a newspaper or news bureau.

“I think that’s totally wrong. Journalists have sources and informants, but also our mission is to share that information with the public so the citizenry can make more informed decisions. Stratfor’s mission is to gather information so it can sell it to the highest bidder so corporations can essentially make more profit and get a competitive edge on their opponents,” he says.

That kind of knee-jerk dismissiveness strikes of bad journalism, according to Hastings. While no cheerleader for Wikileaks – during the interview, Hastings admitted there’s a lot of stuff one can criticize Wikileaks about, particularly the practice of releasing large amounts of data that hasn’t been reviewed very carefully – he still finds the overall work done by the group extremely newsworthy.

“What news organization has had a bigger impact than Wikileaks? Iraq war logs, Afghan war logs, the Cablegate. These are important stories. This is news. DHS was monitoring Occupy Wall Street. That’s a story, and it’s a significant story. We’re talking about Occupy Wall Street: one of the biggest grassroots, political movements that we’ve seen in a generation and the government’s response to that.”

One of the most worrying aspects to the Stratfor story is the privatizing of yet another typically goverment-only function. Like Blackwater, here is another shadowy private agency doing the work usually done by the U.S. government, a recipe, as we’ve learned time and time again, for unaccountability and disaster.

Also, Stratfor is ripe for the revolving door effect.

“It’s a chance for people who worked in government in these various intelligence agencies to, once they leave, to have lucrative positions where they’re able to — in the same way some politicians become lobbyists to ply off their old contacts — to have these great, well-paying positions where they can use their former intelligence contacts and sell their services in the corporate world,” says Hastings.

To naysayers claiming there’s nothing wrong with former government officials capitalizing on their particular skill sets, Hastings responds, “Once you start spying on activists, and peaceful protesters, then I would say that’s very troubling.”