Money, Banks & Concentrated Wealth – Page 21

2011/03/07

Pentagon Contractors Baby Gaga on Steroids

03 Economy, 07 Other Atrocities, 10 Security, 11 Society, Commerce, Commercial Intelligence, Corporations, Corruption, Government, Military, Money, Banks & Concentrated Wealth, Officers Call, Peace Intelligence, Politics of Science & Science of Politics, Power Behind-the-Scenes/Special Interests, Strategy, Technologies, Waste (materials, food, etc)

There is no doubt that, Pentagon Labyrinth is a first rate piece of work. However it did fail to mention an additional factor in defense procurement costs that is often overlooked and that is the need to subsidize U.S. defense industry giants such as Lockheed Martin, Northrop-Grumman and General Dynamics. This also explains the over elaborate use of sub-contracting since the boutique sub-contractors used by the defense giants often produce key components for weapon systems so also must be given a portion of the subsidies. Boeing is the only major defense contractor that even makes a pretense of also dealing in commercial aircraft. Lockheed, Northrop, and General Dynamics along with their networks of sub-contractors are virtually entirely dependent on government contracts or contracts from the government’s foreign clients for their continued existence.

Continue reading “Pentagon Contractors Baby Gaga on Steroids”

2011/03/062011/10/22

Four Time Bombs Centered on Wall Street

03 Economy, 07 Other Atrocities, 09 Justice, 10 Security, 11 Society, Budgets & Funding, Civil Society, Commerce, Commercial Intelligence, Corporations, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Cultural Intelligence, Government, Misinformation & Propaganda, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, Reform, Waste (materials, food, etc)

Paul B. Farrell

March 1, 2011, 12:01 a.m. EST

Four time bombs that will blow up Wall Street

Commentary: Too late to jail bank CEOs; only revolution will succeed

By Paul B. Farrell, MarketWatch

Phi Beta Iota: Highlights include extimate that US is 44 trillion in debt; that nothing and Administration does will stop Wall Street–this is now so bad the author believes a revolution (as in swarming homes and offices and demanding the return of ill-gotten wealth) will do. We do not agree. Yes, it is bad. No, recovering the stolen money will not do. The silver lining in all this is the obvious decrepitude of governments and corporations; the now obvious toxic nature of information asymmetries and data pathologies; and the less obvious but emergent need for a) restoring the integrity of the US Electoral process through Electoral Reform 2.2 ; and b) creating the Autonomous Internet so as to achieve Panarchy and create a prosperous world at peace in which transparency eliminates corruption, fraud, waste, and abuse, starting in the USA.

READ ORIGINAL POST WITH FOUR TIME BOMBS DEFINED

Safety Copy of Entire Story Below the Line

Continue reading “Four Time Bombs Centered on Wall Street”

2011/03/042011/03/04

US-Korea Trade “Deal” is Dumb & Dirty

02 China, 03 Economy, 07 Other Atrocities, 08 Wild Cards, 11 Society, Commerce, Commercial Intelligence, Corporations, Corruption, Government, Misinformation & Propaganda, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, Waste (materials, food, etc)

“What will N. Korea do with the money it gets from the U.S.- Korean Trade Deal?” Watch the video | Stop U.S.-Korea NAFTA

Conservative Congressman Walter Jones (R-NC) explains why Korean trade agreement threatens national security | Stop U.S.-Korea NAFTA

Conservative Pundit and Constitutional Scholar Bruce Fein on the Loss of U.S. Sovereignty under KORUS | Stop U.S.-Korea NAFTA

The North Korean Kaesong Sweatshop Zone

2011/03/012011/03/01

No Such Thing As a Good War….

09 Justice, 10 Security, 11 Society, Advanced Cyber/IO, Communities of Practice, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Key Players, Misinformation & Propaganda, Money, Banks & Concentrated Wealth, Peace Intelligence, Power Behind-the-Scenes/Special Interests, Secrecy & Politics of Secrecy, True Cost

editor spinney time — Chuck Spinney Recommends....

Advocates of humanitarian intervention like to use Kosovo as an example of a “good” war to distinguish it from Bush's bad war in Iraq and the Bush/Obama bungles in Afghanistan. But Kosovo was a template for bungling and blowback in the wars of empire that emerged after the collapse of the Soviet Union. The below article is outlines some of the reasons why this is so.

Chuck Spinney
The Blaster

Wrong choice in Kosovo

By GREGORY CLARK, Japan Times, 1 March 2011

A recent Council of Europe report says that during and after the 1998-99 Kosovo conflict, militia leaders of the Kosovo Liberation Army (KLA) tortured and killed hundreds of Serbs and political rivals in secret Albanian hideouts, removed their organs for sale and dumped their bodies in local rivers.

The report added that these people were also heavily involved in drug, sex and illegal immigrant trafficking across Europe. Yet while all this was going on, the NATO powers had decreed that Serbia should be bombed into accepting the KLA as Kosovo's legitimate rulers — rather than the more popular Democratic League of Kosovo headed by the nationalist intellectual Ibrahim Rugova advocating nonviolent independence.

Recent years have not been kind to Western policymakers. They have shown an almost unerring ability to choose the wrong people for the wrong policies. Think back to the procession of incompetents chosen to rescue Indochina from the communist enemy. Does anyone even remember their names today? Yet at the time they were supposed to be nation-savers. Read more….

Phi Beta Iota: It is now known that the World Wars were enabled by bankers intent on empowering the evil side with loans so as to force the good side to borrow heavily. Bankers–and corporate mercenary interests with zero respect for “the public interest,” have created a world of grostesque inquality instead of a prosperous world at peace. Revolution 2.0 is connecting the public–that is phase one–to be followed by phase two, an informed public that will not brook corruption.

2011/02/272011/02/27

Guest Post: Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion

01 Agriculture, 01 Poverty, 03 Economy, 06 Family, 07 Other Atrocities, 08 Wild Cards, 09 Justice, 10 Transnational Crime, 11 Society, Commerce, Commercial Intelligence, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Cultural Intelligence, Government, Money, Banks & Concentrated Wealth

Guest Post: Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion

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.

Join The Movement 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.

2011/02/252011/02/25

US Economy, US Federal Budget–To Cut or Not to Cut?

03 Economy, 07 Other Atrocities, Budgets & Funding, Commercial Intelligence, Corporations, IO Sense-Making, Money, Banks & Concentrated Wealth, Secrecy & Politics of Secrecy

ECONOMIC SCENE

Why Budget Cuts Don’t Bring Prosperity

By DAVID LEONHARDT

New York Times, February 22, 2011

Remember the German economic boom of 2010?

Germany’s economic growth surged in the middle of last year, causing commentators both there and here to proclaim that American stimulus had failed and German austerity had worked. Germany’s announced budget cuts, the commentators said, had given private companies enough confidence in the government to begin spending their own money again.

Well, it turns out the German boom didn’t last long. With its modest stimulus winding down, Germany’s growth slowed sharply late last year, and its economic output still has not recovered to its prerecession peak. Output in the United States — where the stimulus program has been bigger and longer lasting — has recovered. This country would now need to suffer through a double-dip recession for its gross domestic product to be in the same condition as Germany’s. Read more….

Does The U.S. Really Have A Fiscal Crisis?

By Simon Johnson, The Baseline Scenario, 24 February 2011

The United States faces some serious medium-term fiscal issues, but by any standard measure it does not face an immediate fiscal crisis. Overindebted countries typically have a hard time financing themselves when the world becomes riskier – yet turmoil in the Middle East is pushing down the interest rates on US government debt. We are still seen as a safe haven.

Yet leading commentators and politicians today repeat the line “we’re broke” and argue there is no alternative other than immediate spending cuts at the national and state level.

Which view is correct? And what does this tell us about where our political system is heading? Read more….

Continue reading “US Economy, US Federal Budget–To Cut or Not to Cut?”

2011/02/202011/02/20

Why Isn’t Wall Street in Jail? + US Fraud RECAP

03 Economy, 07 Other Atrocities, 11 Society, Commerce, Commercial Intelligence, Corporations, Corruption, Cultural Intelligence, Government, Law Enforcement, Money, Banks & Concentrated Wealth, Officers Call, Power Behind-the-Scenes/Special Interests

Phi Beta Iota: With a tip of the hat to Rolling Stone and author Matt Taibbi, reproducing the entire article was the only way to show the emphasis added by Brother Chuck. Updated to add photo and observe that this particular article is rocketing around the Internet. See also our review of GRIFTOPIA.

UPDATE: Three comments from Facebook:

Robert Smith Socrates became disheartened. Machiavelli was on to something – power corrupts. I suspect that a true and totally transparent democracy of ideas and information are requisite groundwork for an enduring democracy.
Robert David Steele Vivas Transparency, truth, and trust. James Madison and Thomas Jefferson both understood, Will Durant says it best (see my review of his Philosophy and the Social Problem)
Lynn Wheeler In the late 90s, got asked by NSCC (before they merged with DTC) to look at improving integrity of trading transactions (in part because had recently done something similar for payment transactions) … after putting some amount of work int…it was suspended. The comment was that a side-effect of improving the integrity would have also greatly increased transparency and visibility (which apparently is antithetical to trading culture … some x-over with recent RS article focusing on secrecy as a fraud-enabler).

Why Isn't Wall Street in Jail?

Financial crooks brought down the world's economy — but the feds are doing more to protect them than to prosecute them

Matt Taibbi. Rolling Stone, 16 February 2011

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

“Everything's fucked up, and nobody goes to jail,” he said. “That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that.”

I put down my notebook. “Just that?”

“That's right,” he said, signaling to the waitress for the check. “Everything's fucked up, and nobody goes to jail. You can end the piece right there.”

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18.

Entire Piece with Emphasis from Chuck Spinney Below the Line

Continue reading “Why Isn't Wall Street in Jail? + US Fraud RECAP”