NIGHTWATCH: Financial Risk for the Few versus Life Risk for the Many

05 Civil War, 07 Other Atrocities, 10 Transnational Crime, Office of Management and Budget
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Greece: The General Confederation of Employees of Greece and the civil servants' union federation declared a 24-hour nationwide strike on Wednesday in protest against the finalization of the new package of austerity measures demanded by Greece's creditors.

Tens of thousands of protesters demonstrated outside Greece's parliament on 26 September against austerity measures. The strike included doctors, teachers, tax workers, ferry operators and air traffic controllers. The Greek government is looking for ways to cut 11.5 billion euros ($14.7 billion) from the country's budget.

Comment: The economic hardships and austerity measures carry the risk of a breakdown in civil order. The key indicator of a spreading, unmanageable breakdown is the duration of protests. Thus far they have been short lived in Spain and Greece.

The international media has suggested the Eurozone crisis is now on a more stable trajectory. The protests suggest otherwise. European bankers and financial experts continue to fail to distinguish financial risks from real threats. There will be more outbreaks of civil disorder and more violent clashes.

Phi Beta Iota:  We now know that financial assets inflated seventeen times verus the five times normal inflation (under a corrupt Federal Reserve) for physical assets.  We now know that the financial mandarins and “control fraud” on the part of various governments has led to the internal looting of European Union and Americas commonwealths.  Spain will be the next to collapse because the Spanish government has resolutely refused to consider the Iceland example.  It is difficult to stop doing the wrong thing righter, we know this.  Prospects for the USA in 2013-2014 are terrible.  This is particularly troubling since there is nothing wrong with the USA that could not be fixed rapidly with the restoration of intelligence and integrity to governance.

Owl: Drugs of War – The Imperial Trade, Banks on Top

03 Economy, 07 Other Atrocities, 09 Justice, 10 Transnational Crime, 11 Society, Commerce, Commercial Intelligence, Corruption, Director of National Intelligence et al (IC), Economics/True Cost, Government, Knowledge, Law Enforcement, Media, Military, Money, Officers Call, Politics
Who? Who?

A Jaw-Dropping Explanation of How Governments Are Complicit in the Illegal Drug Trade

The drug war is far, far more than just simply criminals at work, says scholar Oliver Villar.

Note: The following interview helps us understand the drug war from a dramatically different perspective than the one the corporate media paints. Instead the traditional portrayal of the war on drugs as a fight between law enforcement and illicit drug dealers, scholar Oliver Villar explains that the illegal drug trade is a tool of empire a means of “social control” as much as profit. Villar, a lecturer in politics at Charles Sturt University in Bathurst, Australia's insight is well worth the read.

EXTRACT:

LS: Catherine Austin Fitts, a former investment banker from Wall Street, shared this observation once with me:

Essentially, I would say the governments run the drug trade, but they're not the ultimate power, they're just one part, if you will, of managing the operations. Nobody can run a drug business, unless

the banks will do their transactions and handle their money. If you want to understand who controls the drug trade in a place, you need to ask yourself who is it that has to accept to manage the transactions and to manage the capital, and that will lead you to the answer who's in control. [2]

What are your thoughts on this essential equation?

Read full interview.

Continue reading “Owl: Drugs of War – The Imperial Trade, Banks on Top”

Mini-Me: Earthquakes, East Coast, Fukushima Redux + Meta-RECAP

03 Environmental Degradation, 07 Other Atrocities, 08 Proliferation, 10 Transnational Crime, Communities of Practice, Corruption, Geospatial, Policies, Politics
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In Japan during the 2011 earthquake and tsunami? Radiation exposure estimates now available

The Pentagon says that none of the nearly 70,000 members of the DoD-affiliated population (service members, DoD civilian employees and contractors, and family members of service members and civilian employees) who were on or near the mainland of Japan between March 12 and May 11, 2011, are known to have been exposed to radiation at levels associated with adverse medical conditions.

East Coast earthquake created a ‘new normal'

The quake was centered 3 to 4 miles beneath Mineral, a town of fewer than 500 people about 50 miles northwest of Richmond. Yet it was believed to have been felt by more people than any other in U.S. history.

Last Year’s Quake Shook Up Virginia Nukes

It was the first time ever in this country that a nuclear power station had gone through an emergency shutdown because of an earthquake. In this case it was a rare 5.8 magnitude seismic event with an epicenter a few miles away that ruined Louisa County school buildings, cracked the Washington Monument and shook the North Anna beyond what it was designed to deal with.

Why quake forecast maps often fail

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Three of the largest and deadliest earthquakes in recent history occurred where earthquake hazard maps didn’t predict massive quakes, scientists say.  A combination of bad assumptions, bad data, bad physics, and bad luck is why hazard maps have failed to predict three of the largest and deadliest earthquakes in recent history.

Earthquake Damage: Are Bad Maps to Blame?

A new study argues that earthquake-hazard maps didn't give engineers and seismologists a full picture of several recent quakes' dangers.

Study links fracking and earthquakes

In hydraulic fracturing, or fracking, millions of gallons of water, mixed with sand and chemicals, are injected into rock thousands of feet underground to extract natural gas. Frohlich said the most likely explanation for the quakes is that once injected, the fluids apply pressure to faults in the area and unstick them.

Fukushima Hangs by the Devil’s Thread

The molten cores at Units 1, 2 & 3 have threatened all life on Earth. The flood of liquid radiation has poisoned the Pacific. Fukushima’s cesium and other airborne emissions have already dwarfed Three Mile Island, Chernobyl and all nuclear explosions including Hiroshima and Nagasaki.

But at Unit 4, more than 1500 rods remain suspended in air. Called “a bathtub on the roof” by CNN anchor Jon King, the damaged pool teeters atop a building decimated by seismic shocks and at least one hydrogen explosion. The question is not if, but when it will come crashing down.

See Also:

Continue reading “Mini-Me: Earthquakes, East Coast, Fukushima Redux + Meta-RECAP”

Paul Craig Roberts: Collapse at Hand – and ONE THING an Honest Government Could Do To Make It All Right

03 Economy, 07 Other Atrocities, 09 Justice, 10 Transnational Crime, 11 Society, Blog Wisdom, Budgets & Funding, Commerce, Commercial Intelligence, Corruption, Cultural Intelligence, General Accountability Office, Government, Law Enforcement, Money, Banks & Concentrated Wealth, Office of Management and Budget
Paul Craig Roberts

Collapse At Hand

Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year via its budget deficits? Not long ago the Fed announced that it was going to continue this policy for another 2 or 3 years. Indeed, the Fed is locked into the policy. Without the artificially low interest rates, the debt service on the national debt would be so large that it would raise questions about the US Treasury’s credit rating and the viability of the dollar, and the trillions of dollars in Interest Rate Swaps and other derivatives would come unglued.

In other words, financial deregulation leading to Wall Street’s gambles, the US government’s decision to bail out the banks and to keep them afloat, and the Federal Reserve’s zero interest rate policy have put the economic future of the US and its currency in an untenable and dangerous position. It will not be possible to continue to flood the bond markets with $1.5 trillion in new issues each year when the interest rate on the bonds is less than the rate of inflation. Everyone who purchases a Treasury bond is purchasing a depreciating asset. Moreover, the capital risk of investing in Treasuries is very high. The low interest rate means that the price paid for the bond is very high. A rise in interest rates, which must come sooner or later, will collapse the price of the bonds and inflict capital losses on bond holders, both domestic and foreign.

The question is: when is sooner or later? The purpose of this article is to examine that question.

Continue reading “Paul Craig Roberts: Collapse at Hand – and ONE THING an Honest Government Could Do To Make It All Right”

Mini-Me: Agents of Religion – Religion of Agents

07 Other Atrocities, 09 Justice, 09 Terrorism, 10 Security, 10 Transnational Crime, Articles & Chapters, Commercial Intelligence, Corruption, Cultural Intelligence, Government, Intelligence (government)
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Huh?

AGENTS OF RELIGION-RELIGION OF AGENTS (Vol. I): THE INFLUENCE OF FAITH IN THE INTELLIGENCE SERVICES

Zhyldyz Oskonbaeva (RIEAS Senior Advisor & Eurasian Liaison)

NEWSLETTER Issue #5 – May 2012 (Mediterranean Council for Intelligence Studies)

The more followers you have, the stronger is their belief in you. The more believers you have, the greater your chances of getting elected. With both you can rule the nation. The difference between the two is that believers will fight for their cause. This forms the basis for real power (From author).

The influence of religion is such that power, order and government perceive their effects as a stabilizer on society as well as the legitimation of their rule. Depending on the history, the state depends on a society that is moral, consistent and trusting in their institutions.  As decision makers, real power ensures that their decisions will be both supported and followed by society. From the very beginning of society, religious institutions fought for “believers-parishioners.” As a result, politics borrows from religion in that it is a secularization of bureaucratic competencies formally entrusted to an absolute ruler ‘personally’ chosen by a supreme being and counseled by his representative on earth – embodied as the senior religious leader.  Sometimes this symbiotic relationship is equal, sometimes dependent upon the other but always it is both visual and implied.  What both understand is that power is expressed in numbers which is something they both need.

This analysis is a series of articles consisting of historical and contemporary facts in order to examine this relationship in more detail.  By minimizing editorial comment and without bias to any particular religion, the intent to explore a dimension that remains largely underexplored in modern scholarship.  In other words if intelligence professionals are dedicated patriots above the norm then what effect does religion play in the composition of their national identity and their duties in serving the state?

Continue reading “Mini-Me: Agents of Religion – Religion of Agents”

David Swanson: Bank of America Prepares for Shareholders Meeting as if Under Assault

07 Other Atrocities, 10 Transnational Crime, Commerce, Corruption
David Swanson

Bank of America Prepares for Shareholders Meeting as if Under Assault

Bank of America has hired G4S for its shareholder meeting.  According to Wikipedia:

“G4S plc (formerly Group 4 Securicor) (LSEGFS, OMXG4S) is a global security services company headquartered in Crawley, United Kingdom. It is the world's largest security company measured by revenues and has operations in more than 125 countries.[2][3] With over 630,000 employees, it is the world's second-largest private sector employer (after Wal-Mart Stores).[2][4]”

G4S and its subsidiary Wackenhut have a lengthy criminal record:

“In March of 2006, whistle-blowers employed at Wackenhut released information to the press revealing that the company cheated on an anti-terrorism drill at a US nuclear site.

“… In 2009, an Aboriginal man from Western Australia died of heat stroke after being transported in a G4S (then GSL) van without air conditioning or water.[26]

“… On June 13, 2010, a video posted on YouTube by documentary filmmaker James Fox showed Wackenhut guards preventing reporters from covering the BP oil spill.[30]

“… In October 2010, three G4S-guards heavily restrained and held down 46-year old Angolan deportee Jimmy Mubenga on departing British Airways flight 77, at Heathrow Airport. Security guards kept him restrained in his seat as he began shouting and seeking to resist his deportation. Police and paramedics were called when Mubenga lost consciousness. The aircraft, which had been due to lift off, then returned to the terminal.[31] Mubenga was pronounced dead later that evening at Hillingdon hospital.[32]”

The kind souls from G4S, being housed in two downtown hotels by B of A, will be joined by off-duty police hired by B of A, wearing their police uniforms, and empowered to arrest on B of A's behalf and at the order of B of A security.

What is this militarized, privatized emergency preparation for?

Are foreign armies descending upon the shareholders meeting of the Bank of America?

Nope.

Actually citizens of the Country of America.  Newspaper headlines explain:

Bank of America braces for protesters onslaught

“In Charlotte, protesters are expected to demand a complete halt to foreclosures, forgiveness of student loan debt, a stop to financing coal projects, an end to political spending and an end to seven-figure compensation packages.”

Uh oh. More cops! More guns! Quick! What would Bloomberg do?

The protesters' plans, of course, are for a nonviolent march and rally.

B of A billionaires aren't afraid for their physical safety.  They're afraid their shareholders may side with their victims.

DefDog: Counter-IED Network Analysis – Works for Law Enforcement, Ignored by US Military

09 Terrorism, 10 Security, 10 Transnational Crime, Ethics, Intelligence (government), IO Sense-Making, Law Enforcement, Methods & Process, Military, Officers Call
DefDog

When we worked on the Manhunting Project for SOCOM, the US Marshall's Service said that fugitive hunting was all about network analysis. The IC doesn't understand network analysis as the bean counters push for numbers….they focus on low hanging fruit and as a result there is always some guy out there ready to step up and take the foot soldier's place (not so much the upper echelons). Try to tell an IC drone that it is all about the network and you will get a deer in the headlight look….

The REAL Jack Bauer

Contributor:  Louis DeAnda

Police forces have spent decades combating organised crime with well-practised techniques, but can the same tactics be the key to defeating insurgencies on the front line? Former police officer, federal marshal, and JIEDDO FOX team member Louis J. DeAnda tells Defence IQ how we need to take a holistic strategy to IED network attack…

Phi Beta Iota:  Completely apart from the corruption at the top of both the Department of Justice and the Department of Defense, this is an extraordinary–a gifted–contribution to the literature.  It is reproduced in full below the line to preserve it as a reference.

Continue reading “DefDog: Counter-IED Network Analysis – Works for Law Enforcement, Ignored by US Military”

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