The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
The Illustrated 2011 Hurricane Forecast
— By Julia Whitty
Mother Jones, Wed Jun. 1, 2011
Compare that to the average during the 50 years between 1950 and 2000:
See Also:
Worth a Look: Book Reviews on Climate Change
Worth a Look: Book Reviews on Environmental Degradation (Other than Emissions)
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.
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.
Chapter I: Our Financial Oligarchy
Chapter II: How The Combiners Combine
Chapter III: Interlocking Directorates
Chapter IV: Serve One Master Only!
Chapter V: What Publicity Can Do
Chapter VI: Where The Banker Is Superfluous
Chapter VII: Big Men And Little Business
Chapter VIII: A Curse Of Bigness
Chapter IX: The Failure Of Banker-Management
Chapter X: The Inefficiency Of The Oligarchy
Tip of the Hat to the University of Louisville Louis D. Brandeis School of Law.
General Hamid Gul, former chief of the Pakistani intelligence service–11:50 tour of the horizon from death of Bin Laden to future of Afghanistan to what World War III might look like if US military-industrial complex is allowed to open a Pakistani front.
YouTube Russian Television Interview Hamid Gul
Phi Beta Iota: Worth listening to every second. BBC (itself a virtual subsidiary of CIA under the US-UK “special relationship”) is rapidly being over-shadowed by Russian TV, Al-Jazeera, and Ha'aretz as sourced of useful open information in English.
Nobel Laureate: Globalism Has Been Ruinous for Americans
How Offshoring Has Destroyed the Economy
By PAUL CRAIG ROBERTS, Counterpunch, 31 May 2011
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
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.
Pogo reigns supreme…..
Pentagon Will Consider Cyberattacks Acts of War
By DAVID E. SANGER and ELISABETH BUMILLER
New York Times, May 31, 2011
WASHINGTON — The Pentagon, trying to create a formal strategy to deter cyberattacks on the United States, plans to issue a new strategy soon declaring that a computer attack from a foreign nation can be considered an act of war that may result in a military response.
Phi Beta Iota: These people literally have no clue and are simply striving for budget share before Pentagon right-sizing gets underway. We absolutely guarantee that what the Pentagon and the US Intelligence Community do to their own employees every day (including forbidding thumb drives now) qualifies as a crime against humanity as well as an act of war. The USG is its own worst enemy in every possible sense.
See Also:
2011 Cyber-Command or IO 21 + IO Roots
Bob Gates, Chief Maintenance Clerk, Talks Crap — and the Wall Street Journal Goes Along…
Defense and the Deficit–Busting the Defense Bubble, Ending Defense Entitlement
Reference: The Pentagon Labyrinth
Review (Guest): The Pentagon Labyrinth
Review: Grand Theft Pentagon–Tales of Corruption and Profiteering in the War on Terror
Millionaires Control 39% of the World’s Wealth
By Robert Frank
Wall Street Journal, May 31, 2011
Last year was another good year for millionaires – though their pace of growth is slowing.
According to a new report by Boston Consulting Group out today, the number of millionaire households in the world grew by 12.2% in 2010, to 12.5 million. (BCG defines millionaires as those with $1 million or more in investible assets, excluding homes, luxury goods and ownership in one’s own company).
The U.S. continues to lead the world in millionaires, with 5.2 million millionaire households, followed by Japan with 1.5 million millionaire households, China with 1.1 million and the U.K. with 570,000. Singapore leads the world in “millionaire density,” or the percentage of millionaires, with 15.5% of its population now millionaire households.
The most important trend, however, is the global wealth distribution. According to the report, the world’s millionaires represent 0.9% of the world’s population but control 39% of the world’s wealth, up from 37% in 2009. Their wealth now totals $47.4 trillion in investible wealth, up from $41.8 trillion in 2009.
Phi Beta Iota: The single most consistent precondition for revolution across centuries has been the over-concentration of wealth. We're there. Now all we need is a few precipitants.
See Also:
Continue reading “<1% of World Population Controls 39% of All Wealth”
U.S. arms makers said to be bleeding secrets to cyber foes
By Jim Wolf
WASHINGTON | Tue May 31, 2011
(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.
1994 Sounding the Alarm on Cyber-Security
Continue reading “US Arms Industry Bleeding Secrets–This Is Not New”
