The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
Sometimes there are good things to report. Part 7 is the one to reflect on.
FBI Mission Afghanistan
Part 1: Our Role in a War Zone | Video
Part 2: Major Crimes Task Force | Video
Part 3: Contract Corruption
Part 4: Biometrics, a Measure of Progress
Part 5: Pamir Air Crash | Video
Part 6: Analysts in the War Zone
Part 7: An Early Presence, IED Task Force
See Also:
Gaddafi's Stolen Billions: Max Keiser Explains ‘Financial Terrorism' RT – 18 hours ago Watch video
Phi Beta Iota: China and Russia both appear to have explained to Goldman Sachs executives that they will be assassinated if they do not make good on their financial rapes against those two countries. Libya appears to have adopted the same response. Tony Blair appears to have been the key political proponent of the financial rape of Libya. Russian Television offers a useful glimpse into the reality behind the “get Guaddafi” invasion now occurring at our expense–an invasion that is illegal by both US Constitutional law and international law. Meanwhile, Wall Street seeks to force a rise is the US debt limit. Assassination of bankers is now on the table.
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.
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”
Note buried within the report about classification of documents……..
$1bn fraud at Kabul Bank puts UK's Afghan pull-out in peril
IMF and Britain's foreign aid department both withhold money for reconstruction
By Jonathan Owen and Brian Brady
Sunday, 22 May 2011
EXTRACT:
The Department for International Development (DfID) confirmed last night that it had followed the lead of the International Monetary Fund (IMF) in withholding contributions to bankroll hundreds of “nation-building” projects in Afghanistan.
The move, to “protect taxpayers' money”, came as the full extent of the scandal at Kabul Bank – described as the biggest fraud in modern times – became clear. A secret US government report into the debacle “indicates that insiders at Kabul Bank used fraudulent loans to misappropriate $850m (£525m), representing 94 per cent of outstanding loans”.
. . . . . . .
And it notes that, in addition to oversights by Deloitte, which failed to spot and report warning signs of fraud, a team from PwC didn't identify any fraud at Kabul Bank and gave it “a clean bill of health” – something
that “may have acted to delay understanding of the gravity of Kabul Bank's true financial condition both among the examination staff and the international community”, according to the document.
Submitted by Tyler Durden on 02/26/2011 20:53 -0500
If you think what’s happening in Egypt won’t happen within the United States, you’ve been watching too much TV. The statistics speak for themselves.
In previous Revolution Roundups, before we were knocked offline, we featured mass protests by the people of Ireland, Italy, Britain, Austria, Greece, France and Portugal, as the Global Insurrection contagion spread throughout Europe. And now, as we have seen over the past month, North African and Middle Eastern nations have joined the movement as the people of Egypt, Tunisia, Jordan, Morocco, Gabon, Mauritania, Yemen, Bahrain, Libya, Palestine, Iraq, Sudan and Algeria have taken to the streets en masse.
The connection between this latest round of uprisings and the prior protests throughout Europe is one the mainstream media is not making. We are witnessing a decentralized global rebellion against Neo-Liberal economic imperialism. While each national uprising has its own internal characteristics, each one, at its core, is about the rising costs of living and lack of financial opportunity and security. Throughout the world the situation is the same: increasing levels of unemployment and poverty, as price inflation on food and basic necessities is soaring.
Whether national populations realize it or not, these uprisings are against systemic global economic policies that are strategically designed to exploit the working class, reduce living standards, increase personal debt and create severe inequalities of wealth. These global uprising, which have only just begun, are the first wave of the inevitable reaction to the implementation of a centralized worldwide Neo-Feudal economic order.
The global banking cartel, centered at the IMF, World Bank and Federal Reserve, have paid off politicians and dictators the world over — from Washington to Greece to Egypt. In country after country, they have looted national economies at the expense of local populations, consolidating wealth in unprecedented fashion – the top economic one-tenth of one percent is currently holding over $40 trillion in investible wealth, not counting an equally significant amount of wealth hidden in offshore accounts. Read More….
Tip of the Hat to Contributing Editor Jock Gill for the link.
See Also:
CrisisWatch N°90, 1 February 2011
Historic events in the Arab world gripped the world's attention in January. In Tunisia weeks of escalating riots and demonstrations over dire economic conditions, corruption and government repression culminated in the ouster of President Zine al-Abidine Ben Ali on 14 January. He was replaced by an interim government which announced the country's first free elections since independence.
The direction of Tunisia's transition, and its significance for the region, are not yet clear. But, assuming a successful transition, this could mark the first genuine popular revolt leading to a democratic government in the Arab world.
Inspired by the Tunisian uprising yet fuelled by their own long-standing grievances, hundreds of thousands took to the streets across Egypt towards the end of the month, protesting against authoritarian rule and poor living standards, and calling for President Hosni Mubarak to step down. Over 135 people were killed and more than 2,000 injured during the initial police response. The army was deployed at the end of the month to curb increasing chaos and looting, but vowed not to use force against the protesters.
Continue reading “Monthly CrisisWatch Report N°90, 1 February 2011”
