The most interesting item mentioned in this article about this self-published book from a CIA contractor, is the following:

“ALEXANDRIA, Va. (CN) – Former CIA contractor Jonathan Scherck published a book “containing intelligence-related information” without the CIA's permission and in violation of his secrecy agreements, the United States claims in Federal Court…In the excerpt from his book, Scherck writes: “As I will lay out in much greater detail, I believe the People's Republic of China delivered a turn-key nuclear ballistic missile system to the Kingdom of Saudi Arabia over the course of several years beginning no later than December 2003. This illicit transfer, a flagrant violation of the Non-Proliferation Treaty, occurred while Dick Cheney was managing both the intelligence and foreign policy portfolios of the George W. Bush administration.” Scherck says in the book that he worked as a collection management officer in the CIA from mid-January 2005 to April 3, 2007. “I was one of only a few individuals in Washington with access to what was being said overseas at the time about Saudi Arabia's procurement of a new ballistic missile system from China,” according to the book. “I read things, I heard things, I saw things. Admittedly, I did not see all – but I saw enough.”

CIA Contractor's Online Book Brings Suit

BOOK: Patriot Lost (CreateSpace, 2010)

YouTube: Saudi Arabia's Missile Program Warrants United Nations/IAEA Inspection (2011)

Phi Beta Iota: He is not making money on the book — it has sold under 500 copies at Amazon, yielding 45% of retail to the author. either the CIA is clueless on how its lawsuits actually promote books that would otherwise remain obscure, or someone on the political side has decided Israel needs an assist in publicizing Middle Eastern threats, however nominal, to Israel.

2012/07/19

Paul Craig Roberts: The Libor Scandal In Full Perspective + Meta-RECAP

Commerce, Corruption, Cultural Intelligence, Government, Knowledge

The Libor Scandal In Full Perspective

The article about the Libor scandal, coauthored with Nomi Prins, received much attention, with Internet repostings, foreign translation, and video interviews. To further clarify the situation, this article brings to the forefront implications that might not be obvious to those without insider experience and knowledge.

EXTRACT:

Does this mean that the US and UK financial systems can only be kept afloat by fraud that harms purchasers of interest rate swaps, which include municipalities advised by sellers of interest rate swaps, and those with saving accounts?

The answer is yes, but the Libor scandal is only a small part of the interest rate rigging scandal. The Federal Reserve itself has been rigging interest rates. How else could debt issued in profusion be bearing negative interest rates?

As villainous as they might be, Barclays bank chief executive Bob Diamond, Jamie Dimon of JP Morgan, and Lloyd Blankfein of Goldman Sachs are not the main villains. The main villains are former Treasury Secretary and Goldman Sachs chairman Robert Rubin, who pushed Congress for the repeal of the Glass-Steagall Act, and the sponsors of the Gramm-Leach-Bliley bill, which repealed the Glass-Steagall Act. Glass-Steagall was put in place in 1933 in order to prevent the kind of financial excesses that produced the current ongoing financial crisis.

CONCLUSION:

To sum up, what has happened is that irresponsible and thoughtless–in fact, ideological–deregulation of the financial sector has caused a financial crisis that can only be managed by fraud. Civil damages might be paid, but to halt the fraud itself would mean the collapse of the financial system. Those in charge of the system would prefer the collapse to come from outside, such as from a collapse in the value of the dollar that could be blamed on foreigners, because an outside cause gives them something to blame other than themselves.

2012/07/192012/07/19

Winslow Wheeler: Hill Hearing on Defense Backs Into the Truth

03 Economy, 09 Justice, 10 Security, Corruption, Government, Military

WinslowWheeler Cropped — Winslow Wheeler

Foreign Policy is running my description of the hearing that Buck McKeon put on yesterday with Lockheed-Martin and a cast of lesser, not entirely cooperative, other characters. Find my analysis at http://www.foreignpolicy.com/articles/2012/07/19/hard_of_hearing?print=yes&hidecomments=yes&page=full, and below:

Hard of Hearing

Why the House's attempt to save defense spending might flop.

BY WINSLOW T. WHEELER | JULY 19, 2012

It was probably the most ballyhooed congressional hearing on defense for the year. As the monthly economic news continues to show poor job growth, and as the elections heat up, the Republican chairman of the House Armed Services Committee, Buck McKeon, and defense contractor Lockheed-Martin saw a major opportunity to protect the Pentagon budget and their bottom line. On Wednesday, just as the House of Representatives was about to debate the 2013 Department of Defense Appropriations bill, McKeon held a big hearing with Lockheed and other industry representatives to explain why the American economy could not possibly stomach the $55 billion in defense cuts set to occur in January, as required by last summer's Budget Control Act and the failure of the congressional “Super Committee” to cut a broad budget deal.

Continue reading “Winslow Wheeler: Hill Hearing on Defense Backs Into the Truth”

2012/07/192012/07/19

Breaking News: Israel False Flag Attacks (Bulgaria & Madame Clinton Done, Olympics False Flag Planned)

Corruption, Cultural Intelligence, Government, IO Deeds of War, Law Enforcement, Military

Breaking/Confirmed: Sec Clinton Assassination Attempt in Israel (Updated)

Al-Alam and Reuters Report Hillary Clinton Convoy Attack in Israel

By Gordon Duff, Senior Editor

Veterans Today, 19 July 2012

Israeli radio and Reuters broke the story then went mysteriously silent, an assassination attempt inside Israel, on Secretary of State Clinton.

Soon afterward, Iran’s national network, al Alam went public with a translated version which is being boycotted by news services.

Details on the unsuccessful murder attempt on America’s top diplomat below but first some background.

Possibly responsible for the assassination attempt on Clinton is this tale of deceit by Rep. Michelle Bachmann as outlined by CNN’s Andersen Cooper:

We see this as part of a pattern of escalation by Israel, carefully orchestrated terrorism which may well culminate in an attack on the London Olympics as has been predicted by many. Nothing less could bring about the result Netanyahu desires, a massive US and NATO air attack on Iran, and note this carefully, not an attack on Syria.

The video below describes how Israeli contractors are sabotaging London Olympic security. Highly credible source:

Continue reading “Breaking News: Israel False Flag Attacks (Bulgaria & Madame Clinton Done, Olympics False Flag Planned)”

2012/07/172012/07/17

Chuck Spinney: Amateur Hour at White House and Department of State

02 Diplomacy, 04 Inter-State Conflict, 05 Civil War, 07 Other Atrocities, 08 Wild Cards, Corruption, Government, Idiocy

This classic case of blowback ought to give pause to those advocating intervention/regime change in the Syrian Civil War or in Iran — but if history tells us anything it won't change any minds in Versailles on the Potomac.

Chuck Spinney

La Grazie, Italia

US inadvertently creates a terrorist haven in Mali

STEPHEN KINZER, Boston Globe, July 15, 2012

News from Timbuktu is rare, but these days there is too much of it.

Religious fanatics have been destroying exquisite ancient tombs that are cultural icons of universal value. Women who used to walk freely now fear to leave their homes without veils. Schools, clinics, and banks have been looted and burned.

Militants who embrace the rigid Salafi brand of Islam are on a rampage in Timbuktu and other parts of Mali, an ancient, landlocked North African nation that was once the seat of a trading empire. They are allied with Al Qaeda.

Already they control a thinly populated region larger than Texas. It is not difficult to imagine this region becoming an incubator of terrorism and transnational crime — or to imagine that the United States will react by making Mali the newest front in its ever-expanding drone war.

This catastrophe did not “just happen.” It is the direct result of an episode that may at first seem unrelated: the US-led intervention in Libya last year. Rarely in recent times has there been a more vivid example of how such interventions can produce devastating unexpected results.

Continue reading “Chuck Spinney: Amateur Hour at White House and Department of State”

2012/07/162012/07/16

Josh Kilbourn: David Stockman on Political Gridlock & Irresponsibility

03 Economy, Commerce, Commercial Intelligence, Corruption, Cultural Intelligence, Government

OMB's Stockman: “We're At The Fiscal Endgame”

To those on the hill and elsewhere who suggest this growing ‘fiscal cliff' and ‘debt ceiling' crisis will all get solved, former Office of Management and Budget (OMB) Director David Stockman tells Bloomberg TV that “they will punt, punt, punt and kick the can with partial solutions driven by eleventh hour crisis-based extensions that will go on for the whole of the next term!” When asked whether this economy will be mired in the doldrums, he rather ominously states “it will be worse, because we will be in recession” and notes that when the lame ducks re-look at the budget numbers with a realistic recession (instead of the current assumption of no recession within 12 years) it will be far worse and in a political environment where ‘we cannot possibly raise taxes – and we cannot possibly cut spending'. With a 78% disapproval rating for the ‘do nothing' Congress, Stockman is surprised that 16% somehow approve – approve of what? His warning is that unlike in past periods, today “we are completely paralyzed, there is an ideological divide on taxes and entitlement like we've never had before” and while he realizes that “the debt problem doesn't become a debt problem until the market suddenly have a wake up call and realize that if the Fed doesn't keep printing, it's game over.”

Continue reading “Josh Kilbourn: David Stockman on Political Gridlock & Irresponsibility”

2012/07/152012/07/15

Gordon Duff: Condi Rice Loves Israeli & Turkish Spies….

08 Wild Cards, Corruption, Government

Condi Rice’s Ties to Turkish Spy Ring

The Story that Should Remove Condi Rice from Consideration for Vice President

Washington (VT) Condi Rice, as with most Washington insiders, has a secret that can take her down.

In 2002, Rice “crossed the line” in preventing the investigation of a major spy operation in the White House. For the first time, facts just released and eyewitness testimony make Rice a political liability or worse.

Read rest of story.

Category: Government

Owl: China Delivered Turn-Key Nuclear Ballistic Missile System to Saudi Arabia from 2003