The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
Nine out of ten violent deaths occur outside conflicts.
The Geneva Declaration on Armed Violence and Development strives to achieve measurable reductions in the global burden of armed violence by 2015.
Below are two eye opening reports/analyses by two of the best counterpunchers in Alexander Cockburn's and Jeffrey St Clair's stable of bomb throwers. The subject is Greece: its political/economic crisis and the myths surrounding average Greeks being the cause of its crisis.
In the first, Destroying the Livelihoods of Thirteen Million People: The Myth of Greek Profligacy, my friend Marshall Auerback, argues that the masses of the Greek people (the bottom 80% of a highly unequal income distribution) are being set up as scapegoats to pay for a neo-liberal austerity plan that aimed producing income deflation (instead of a currency devaluation) to improve export competitiveness. Auerback explains why this is really a plan of collective punishment that is guaranteed to fail while shredding what is left of Greece's social contract.
In the second, Naxos Hangs On By Its Fingernails: How Greeks Were Driven Back to the Land, Patrick Cockburn presents the reader with a micro-case study of what is happening to average Greeks (i.e. part of the lower 80%) on the island of Naxos, the largest and my favorite island in the windy Cyclades.
Chuck Spinney
Barcelona
Destroying the Livelihoods of Thirteen Million People
The Myth of Greek Profligacy
by MARSHALL AUERBACK,
Counterpunch, OCTOBER 24, 2011
Naxos Hangs On By Its Fingernails
How Greeks Were Driven Back to the Land
by PATRICK COCKBURN
Counterpunch, OCTOBER 18, 2011
Phi Beta Iota: One reason why the Electoral Reform and BigBatUSA endeavors are so important NOW, is because if they succeed in the USA, where Internet connectivity, cognitive surplus, and Occupy awaking have converged, the model can be scaled globally very quickly. At root this is about secular corruption. Pope Benedict XVI had a chance to use Assisi creatively but chose the low road.
This is very old news, but thought it interesting to highlight lag time between FBI and the original reports.
The FBI Announces Gangs Have Infiltrated Every Branch Of The Military
The FBI has released a new gang assessment announcing that there are 1.4 million gang members in the US, a 40 percent increase since 2009, and that many of these members are getting inside the military (via Stars and Stripes).
The report says the military has seen members from 53 gangs and 100 regions in the U.S. enlist in every branch of the armed forces. Members of every major street gang, some prison gangs, and outlaw motorcycle gangs (OMGs) have been reported on both U.S. and international military installations.
Read full story with link to report.
Phi Beta Iota: One can only marvel at the ability of the US Government (both political leaders and senior civil servants) to carry on without intelligence or integrity for decades. The USA remains the top proliferator of nuclear, biological, chemical, radiological, and small arms as well as cyber-weaponry. The USA remains locked into elective wars that have nothing to do with national interests and everything to do with special interests. And now we learn again (DHS published first, in 2007) that we are also training tens of thousands of gang members who are at the same time gaining access to weapons and munitions that we cannot account for…
See Also:
2007 Reference: Gangs in the US Military
My friend Andrew Cockburn is on a roll. One week after his brilliant article on IEDs in Harpers, he has produced another hard-hitting tubesteak, this time in Counterpunch. Andrew's targets are the Banksters, whose looting continues to push the middle class into poverty and the lower income classes into a kind of debt servitude that is reminiscent of that imposed by company stores in the West Virginia coal towns in what we had hoped was a bygone era.
Andrew's essay is important, because the problem he is describing exists against the backdrop of the Great Recession, which now, three years after the banking system started to collapse, may be on the cusp of a full blown debt deflation, triggered by another, even more catastrophic banking collapse. My introductory comments are intended to help you understand that magnitude of that danger that Andrew is describing.
The following charts (Figures 1 & 2), based on the most recent data released by the Federal Reserve,
portray ratio of debt to gross domestic product over time. Figure 1 shows how the cumulative debt changed in the entire system, with debt expressed as a percentage of the GDP produced by the economy. The debt ratio for the entire economy should not be thought of as an absolute measure of debt burden but as an indexof that burden, and is an indicator of the comparative pressure of that debt regardless of the overall size of the economy.[1] Thus, one can compare
changes in earlier years to those in later years. Figure 2 plots the sector burdens separately for the components in the private sector (note: since Federal Debt is arranged in bottom position in Figure 1 it is also the same shape that would be plotted in Figure 2; other categories, like state and local debt have been ignored because over time their ratio changes have not been significant enough to the alter the pattern in the figures). What do these figures tell us?
“If the Occupiers start chanting ‘Mark to Market,’” an attorney highly conversant with the darker workings of the Wall Street-Washington complex told me, “we’ll know they’re serious.” Such a call would quickly presage the collapse of our “too big to fail” banks, for it would highlight the fact that a huge proportion of the assets of Bank of America, Wells Fargo, JP Morgan, and Citigroup consist of loans that will never be paid back and are therefore essentially worthless. The so called “recovery” of our leading financial institutions from the post-Lehman abyss has depended on a fraudulent valuation of these assets, but stripped of the fiction, the banks are insolvent.
Phi Beta Iota: The banks are on the brink–wildly fearful of a run on stocks and deposits–and the US Government knows they are on the brink–and is wildly fearful of nation-wide violence. Pissed off white people will make the Watts Riots looks like an effete tea party. There is good news. The close OccupyWallStreet gets to understanding the depth of the depravity of the government that enabled and enables Wall Street, the lack of intelligence and integrity within that government, the closer we get to being able to demand and secure the Electoral Reform Act of 2012, in our view the sole means by which a non-violent revolution might restore the integrity of the U.S. Government.
Continue reading “John Robb: Economic Reality & Political Treason”
MELTDOWN
Part I: The men who crashed the world
The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.
In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the thron
Part II: A global financial tsunami
Meltdown examines how an epidemic of fear caused banks to stop lending, triggered protests and led to industrial action.
In the second episode of Meltdown, we look at how the financial tsunami swept the world. We hear about a renegade executive who nearly destroyed the global financial system and the US treasury secretary who bailed out his friends.
As the toll of the financial crisis continues to mount, many are looking for its true causes – and finding a crime.
The third episode of Meltdown looks at how the victims of the 2008 financial crash fight back. A protesting singer in Iceland brings down the government; in France a union leader oversees the kidnapping of his bosses; and thousands of families are made homeless in California.
Some responded with denial, others by re-thinking capitalism, but who is preparing for the next crisis?
In the final episode of Meltdown, we hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism.
Phi Beta Iota: This is a world-class series that misses just two things:
A. Goldman Sachs has owned the US Treasury–providing the Secretary of the Treasurer (and today also the National Security Advisor to the President–for three critical administrations, each of which willfully eradicated safeguards.
B. Senator Phil Graham (R-TX) and the other Senators who had and still have zero integrity, passing 200 pages of lobbyist written deregulation inserted into the bill five minutes before the vote.
Penguin adds:
C. The perfidy of Clinton in his Glass-Steagall sellout and his CONTINUED malignant hyping of its ethic through obfuscation and the pimping of what “reputable” analysts who want access to his solon. For him America was built on deal making and networking.
JOURNAL: The Pope of the Church of Capitalism
Let's step a bit outside of the day to day grind. I spent a bit of time watching the Chairman of the Federal Reserve “scold” Congress. This got my brain thinking a bit outside the box. So I'll share with you my thoughts.
The Chairman of the Federal Reserve is part:
Phi Beta Iota: More like the Capo of Government-Sanctioned Financial Terrorism. The Federal Reserve is neither Federal nor a Reserve, but rather a front for the New York banks that are in turn a front for a tiny cabal of financial families that have the full protection (genuflection) of the two political parties that have destroyed democracy to achieve a velvet form of financial facsicm. As the recent audit demonstrates, this organization is out of control.
See Also:
Owl: Financial Terrorism in USA Against USA by Wall Street and 400 Specifically Named Most Wealthy
