
Ep 2 part 4
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The S&P Downgrade Market Plunge Myth
Monday 15 August 2011
by: Dean Baker, Truthout | News Analysis
The Wall Street crew that wants to cut your Social Security and Medicare benefits are sensing that victory is in sight. They have managed to knock jobs completely off the agenda and have made deficit reduction the near exclusive focus of economic policy in Washington. They are now setting the stage to have the Congressional “super committee” produce a deal that will mean large cuts in both programs.
The backdrop for these cuts is that the country is in crisis and that we have no choice. A central part of this story is that the stock market crashed last week in response to the Standard & Poor's (S&P) downgrade of US government debt. The Wall Street crew and their allies in the media and Congress will tell the country that if we don't have the cuts in Social Security and Medicare demanded by S&P then we run the risk of further downgrades. This raises the prospect of further market panics and the complete wreckage of the economy.
This story has as much credibility as John Edwards' tales of marital bliss during his presidential campaign.
Phi Beta Iota: A couple of things are clear, the first being that Barack Obama is not in charge of anything, the second being that New York–Wall Street, Goldman Sachs, the Koch Brothers–is. From the Tea Party funded and manipulated by the Koch brothers, to the idiotic lack of intellent analysis from the newspapers and broadcast stage, what we have here is theater. The truth is nowhere to be found between New York and Washington.

Archive Cuba Project posts Four Volumes; calls for declassification of still secret Volume 5
National Security Archive Electronic Briefing Book No. 355
Posted – August 15, 2011
By Peter Kornbluh
For more information contact:
Peter Kornbluh – 202/374-7281 or by email
EXTRACT
This candid assessment was not shared with the President-elect then, nor later after the inauguration. As Pfeiffer points out, “what was being denied in confidence in mid-November 1960 became the fact of the Zapata Plan and the Bay of Pigs Operation in March 1961”—run only by the CIA, and with a force of 1,200 men.

Dear Friends
I am quite excited about the progress that has been made in various citizen political participation proposals. All of these clearly have tremendous potential and the articulations of their rationales are becoming quite compelling.
With such innovative deliberative democracy proposals, I want them to be thought through well beforehand, engaging a variety of authorities and perspectives in a search of answers that can embrace that diversity with greater wisdom than otherwise. I am especially interested in finding out people's concerns and what solutions appear when we seriously seek to understand and address those concerns (this being a basic principle of creative consensus processes and of collective wisdom in general). I consider this vital if we seek to inject sane, powerful initiatives into the kind of toxic political environment that exists today. There is just too much at stake to fail simply because we didn't explore our design issues sufficiently ahead of time.
With that intention in mind, I have the following twelve thoughts and inquiries to offer. I would love to be part of a serious inquiry into questions like these, both in person and online.
Coheartedly,
Tom

Jon Stewart skewers the media, and especially the right-wing media, for obviously and deliberately refusing to name Ron Paul or mention his various victories.
Indecision 2012 – Corn Polled Edition – Ron Paul & the Top Tier
Even when the media does remember Ron Paul, it's only to reassure themselves that there's no need to remember Ron Paul.
Phi Beta Iota: The corruption of the media, including CNN and Bloomberg, is despicable. They dishonor the public from whom they derive their public commissions to do business.
Updated 2017.
SHORT URL: http://tinyurl.com/Steele-Revolution
NEW FIGHT BACK: Electoral Reform via OpenPower
Phi Beta Iota: To those who have been leveraging the below, thank you for your interest. It seemed like a good idea to go ahead and post a version of the chart showing in red all of the pre-conditions of revolution in the USA that are now actively present. The failure of leadership to manifest ethics and to nurture education is particularly harmful–white collar criminals do not prosper when the political leadership is ethical and upholds its responsibility to protect the public interest. The ONLY thing–the one RIGHT thing–that needs to be done to make everything else possible is Electoral Reform (1 Page, 9 Points). If the various parties and committees and alliances claiming to represent the public interest fail to sponsor this one simple fix, they reveal themselves for what they are: partisan quasi-criminal organizations operating in betrayal of the public trust, with no interest in restoring America the Republic, America the Beautiful.
EDIT: For those who really do not understand the integrity of the above in today's context, we will make this explicit:
1. The country has been run into the ground–the bottom 98% have had their seed corn stolen and eaten by the top 2%. There is no going back, neither revenge nor expropriation will do. What has been done is done, get over it.
2. There isn't a leader or leadership team or party or “elite” network on the planet that can put the USA back together again [except perhaps We the People Reform Coalition].
3. HOWEVER, “bottom up” collective intelligence is agile, intuitive, ethical in the aggregate, and so on. This is REALLY SIMPLE: restore the integrity of the electoral system (local to national) and get out of the way. This is called Epoch B Leadership. It is also the root “good” of Advanced Information Operations You start by empowering your own public and not lying to them.
Graphic: Pre-Conditions of Revolution
Graphic: Revolution Model Simplified
2011 Thinking About Revolution
Review: Revolutions and Revolutionary Movements
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