Phi Beta Iota: China and Russia both appear to have explained to Goldman Sachs executives that they will be assassinated if they do not make good on their financial rapes against those two countries. Libya appears to have adopted the same response. Tony Blair appears to have been the key political proponent of the financial rape of Libya. Russian Television offers a useful glimpse into the reality behind the “get Guaddafi” invasion now occurring at our expense–an invasion that is illegal by both US Constitutional law and international law. Meanwhile, Wall Street seeks to force a rise is the US debt limit. Assassination of bankers is now on the table.
Phi Beta Iota: This is public intelligence at its best. A methodical, deep, documented look at the corruption inherent in the Corps of Engineers that the politicians at all levels that enable that corruption with their own lack of integrity. Below from the producer:
In 1912, Woodrow Wilson campaigned for President using many Progressive ideas about strengthening the economy: banking reform, tariff reduction and the elimination of monopolies and trusts. The consolidation of these ideas became known as the New Freedom.
After Wilson's election, Louis Brandeis (who was responsible for many of Wilson's ideas in the first place) wrote a series of articles for Harper's Weekly which outlined why the New Freedom was necessary and how best to implement it. In 1914, the articles were collected in book form and published under the title Other People's Money–and How the Bankers Use It.
Brandeis' central thesis was that the large banking houses were colluding with businessmen to create trusts in America's major industries. Brandeis felt that not only did trusts stifle competition, but also they became so large that they became unable to operate efficiently.
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Brandeis backed up his arguments with facts–copious facts gleaned from his battles against J. P. Morgan and Charles Mellen in the New Haven Railroad merger battle and from the Pujo Committee–a House committee report that investigated the abuses of the “Money Trust.”
Wilson was able to push through a number of laws regarding the regulation of business and trusts, but in many ways, due to mergers and stock manipulation, conditions in the business world today remain the same. Many of the details in Other People's Money may be dated, but its central ideas remain relevant–so much so that is still in print almost 90 years after it was first published. The chapters here are free online.
These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at jobs offshoring and concluded that it has ruined the income and employment prospects for most Americans.
To add to the amazement, their research report, “The Evolving Structure of the American Economy and the Employment Challenge,” was published by the very establishment Council on Foreign Relations.
For a decade I have warned that US corporations, pressed by Wall Street and large retailers such as Wal-Mart, to move offshore their production for US consumer markets, were simultaneously moving offshore US GDP, US tax base, US consumer income, and irreplaceable career opportunities for American citizens.
Among the serious consequences of offshoring are
the dismantling of the ladders of upward mobility that made the US an “opportunity society,”
an extraordinary worsening of the income distribution, and
large trade and federal budget deficits that cannot be closed by normal means. These deficits now threaten the US dollar’s role as world reserve currency.
Phi Beta Iota: Everything killing the USA today was properly briefed to the Senate and the White House in the 1970's, 1980's, and 1990's. The missing ingredient was INTEGRITY on the part of the listeners. Intelligence without integrity is irrelevant; integrity without intelligence is dangerously uninformed.
(Reuters) – Top Pentagon contractors have been bleeding secrets for years as a result of penetrations of their computer networks, current and former national security officials say.
Phi Beta Iota: This is not new. This is just recycled crap from the White House, desperate as it is to find new enemies as well as new excuses for why our bloated weapons and mobility systems do not work. Just as DoD has known for over a decade that its drone videos were in the clear and could be picked up at will by anyone on the ground, so also DoD has known since at least 1992 that the DoD grid is hopeless, and the contractors don't really have a clue about how to keep a secret. It is all theater–the decision was made in the 1990's to be IRRESPONSIBLE and they are sticking to that. We are quite sure that the Israelis, French, and Germans are far more intrusive than the Russians and Chinese and that Iran is NOT a major player in probing US military-industrial systems–they rely on the CIA to give them nuclear weaponization plans. We are equally certain that most of what the cyber-spies find they use as an example of what NOT to waste money on. China has used its time and energy wisely–they can now incapacitate any US system with electromagnetic neutralization. Sucks for the USG, but probably a good thing for the US public.
Is the Libyan war legal? Was Bin Laden's killing legal? Is it legal for the president of the United States to target an American citizen for assassination? Were those “enhanced interrogation techniques” legal? These are all questions raised in recent weeks. Each seems to call out for debate, for answers. Or does it?
Gaddafi's Stolen Billions: Max Keiser Explains ‘Financial Terrorism' RT – 18 hours ago Watch video
Chapter I: Our Financial Oligarchy
