Phi Beta Iota: Ben Gilad, one of the top commercial intelligence analysts around, has a point, but he forgets that the modern looting of the USA began in 1981 and reached a cresendo with the Phil Gramm (R-TX) deregulation of the financial “services” industry. For the most recent and most superb story on the axis of crime from Wall Street to the two political parties sharing the power of the public purse, see Matt Taibbi's book, Griftopia–Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America.
Phi Beta Iota: The Editorial Board reviewed this. This site is strictly non-partisan; political propaganda is pointed out not to endorse it, but to highlight the depth of what one author calls Empire of Illusion: The End of Literacy and the Triumph of Spectacle. This short film demonizes the Democratic incumbent majority while avoiding any reference to the Republican era in which the economy was destroyed (1981 forward), elective wars were started, Dick Cheney performed 23 unnatural impeachable acts and led the telling of 935 lies to the public, and the Wall Street bail-out was foisted on the public, first by the Republicans then by their look-alike lite Democratic partners in crime. BOTH parties are antithetical to the public interest; BOTH parties must be “put down” by an informed public as NEITHER party has the integrity to represent the public interest.
Does a Green Speed Bump Block the Road to Energy Independence?????? In this remarkable and remarkably unwelcome opinion piece, my good friend Robert Bryce, author of Power Hungry, explains why the subsidization of green technologies that are dependent on rare earth elements should not be justified as pathway toward energy independence, and in fact, could actually make the US more dependent on foreign energy related imports.
Over the past few months, industry and government officials in the U.S. and Japan have been increasingly alarmed as China, which has a near-monopoly on rare earths, has reduced its exports of those elements by some 40 percent. Adding yet more anxiety to the situation are projections about a possible shortfall in the supply of these elements. London-based Roskill Consulting Group, a research firm that specializes in metals and minerals, recently predicted that demand for rare earths could outstrip supply as soon as 2014. Rare earths are important because they have special features at the quantum mechanics level that allow them to have unique magnetic interactions with other elements. A myriad of “green” technologies — from electric and hybrid-electric cars to wind turbines and compact fluorescent light bulbs – depend on rare earths. And there are no cost-effective substitutes for them.
Clinton’s willingness to question China about rare earths is indicative of just how seriously the U.S. is taking the rare earths issue. But it also underscores a fundamental miscalculation by the U.S. and other countries when it comes the reconfiguration of their automotive fleets.
Over the last few years, a growing number of environmentalists and national security hawks have teamed up to denounce America’s dependence on foreign oil. Their solution: all-electric and hybrid-electric vehicles. Those vehicles, they insist, will help the environment while reducing oil imports from countries in the Persian Gulf and elsewhere.
While that vision appeals to certain segments of the political class and to a myriad of subsidy-seeking corporations, the push to build more electric and hybrid cars will simply result in the U.S. trading one type of import dependence for another.
Those vehicles might cut oil consumption but they will dramatically increase America’s thirst for rare earth elements. And therein lies a crucial choice: We can continue to rely on the liquidity, price transparency, and diversity of the global oil market, the biggest market in human history. Or we can choose the “green” route. And in doing so, we will have no choice but to rely on the market for lanthanides, which is rife with smuggling, has no price transparency, and depends almost wholly on a single producer, China.
The Chinese control about 95 percent of the global market in rare earths, a group of 17 elements that includes scandium, yttrium, and the 15 lanthanides, the elements that occupy the second-to-last row of the Periodic Table. The most famous of the lanthanides is probably neodymium, a critical ingredient in the high-strength magnets used in motor-generators in hybrid cars and wind turbines.
Phi Beta Iota: This is a perfect example of what happens when a government is both ideologically driven and therefore not intelligence-driven, and when a government lacks a strategic analytic model that can clearly demonstrate how what might be good for one part of the system is bad for other parts of the system. This is called system INTEGRITY. Not only is the US bankrupt, according to the last Comptroller General to brief Congress on the subject in 2007, David Walker, but what the US government is borrowing and spending on in our name makes no sense at all from a public interest point of view.
Now that a few Democrats and the remnants of the AFL-CIO are waking up to the destructive impact of jobs offshoring on the US economy and millions of American lives, globalism’s advocates have resurrected Dartmouth economist Matthew Slaughter’s discredited finding of several years ago that jobs offshoring by US corporations increases employment and wages in the US.
At the time I exposed Slaughter’s mistakes, but economists dependent on corporate largess understood that it was more profitable to drink Slaughter’s kool-aid than to tell the truth. Recently the US Chamber of Commerce rolled out Slaughter’s false argument as a weapon against House Democrats Sandy Levin and Tim Ryan, and the Wall Street Journal had Bill Clinton’s Defense Secretary, William S. Cohen, regurgitate Slaughter’s claim on its op-ed page on October 12.
I sent a letter to the Wall Street Journal, but the editors were not interested in what a former associate editor and columnist for the paper and President Reagan’s Assistant Secretary of the Treasury for Economic Policy had to say. The facade of lies has to be maintained at all costs. There can be no questioning that globalism is good for us.
Cohen told the Journal’s readers that “the fact is that for every job outsourced to Bangalore, nearly two jobs are created in Buffalo and other American cities.” I bet Buffalo “and other American cities” would like to know where these jobs are. Maybe Slaughter, Cohen, and the Chamber of Commerce can tell them.
Last May I was in St. Louis and was struck by block after block of deserted and boarded up homes, deserted factories and office buildings, even vacant downtown storefronts.
The author of attached article in the Guardian, George Monbiot is a pious Global Warming enthusiast. He probably despises the Koch brothers because they are funding anti-global warming efforts. But setting the writer's biases aside, as well as his somewhat condescending tone, his report (which is based primarily on the New Yorker’s brilliant expose of the Koch brothers and the new documentary “(Astro)Turf Wars,”) is an excellent summary of how behind-the-scene manipulators are funding the Tea Party movement and are shaping and energizing the Orientation of Tea Party’s collective OODA loop — i.e., the lens thru which its members Observe the world, interpret their all-to-real problems, provides focus to their anger, and thereby shapes the Decisions guiding their Actions.
The strategic leverage gained by shaping a group's Orientation ought be self-evident at this point: it unleashes and focuses the free-wheeling energy of the individuals to enthusiastically work together for the well being of others without requiring the coercive and ultimately revealing and self-defeating effects of top-down control.
The following quote (near end of article) provides an excellent statement of the strategic aim guiding those shaping efforts.
“Most of these bodies call themselves “free-market thinktanks”, but their trick – as (Astro)Turf Wars points out – is to conflatecrony capitalism with free enterprise, and free enterprise with personal liberty. Between them they have constructed the philosophy that informs the Tea Party movement: its members mobilise for freedom, unaware that the freedom they demand is freedom for corporations to trample them into the dirt.”
On the other hand, any strategy grounded in deception must be wrapped in a protective cloak of ambiguity, because a deception builds into the OODA loops of the ‘deceived' the seeds of a crucial vulnerability: Once the ambiguity is penetrated, and the scam is exposed and its effects appreciated, the Orientation of the ‘deceived' will flip and their rage will be energized and focused on the deceivers by the desire for vengeance. Which is why the passive or active connivance of the mainstream media in the US (most of which is owned by crony capitalists) in supporting the manipulation is central to keeping the game going.
The Tea Party movement: deluded and inspired by billionaires
By funding numerous rightwing organisations, the mega-rich Koch brothers have duped millions into supporting big business
The Tea Party movement is remarkable in two respects. It is one of the biggest exercises in false consciousness the world has seen – and the biggest Astroturf operation in history. These accomplishments are closely related.
A “must read” piece of solid British analysis….
Phi Beta Iota: A new set of unwitting fools–no offense intended, but that's the story….those elected under the Tea Party banner will caucus with the Republicans, and that is the truth-teller.
One out of every 34 Americans who earned wages in 2008 earned absolutely nothing — not one cent — in 2009.
The stunning figure was released earlier this month by the Social Security Administration, but apparently went unreported until it appeared today on Tax.com in a column by Pulitzer Prize-winning tax reporter David Cay Johnston.
It's not just every 34th earner whose financial situation has been upended by the financial crisis. Average wages, median wages, and total wages have all declined — except at the very top, where they leaped dramatically, increasing five-fold.
Exclusive Excerpt: America on Sale, From Matt Taibbi's ‘Griftopia'
Matt Taibbi's unsparing and authoritative reporting on the financial crisis has produced a series of memorable Rolling Stone features. He showed us how Goldman Sachs, that “great vampire squid,” played a central role in creating not only the housing bubble but four other big speculative booms that filled its coffers while wrecking the American economy. He explained how Wall Street banks cooked up schemes that helped decimate municipal budgets and cost countless jobs, and how Wall Street lobbying led to a financial reform bill that won't prevent another meltdown. Taibbi builds on that eye-opening work in his new book, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America , due out from Spiegel & Grau on November 2. In this exclusive excerpt, he describes how our cash-strapped country is auctioning off its highways, ports and even parking meters at fire sale prices — and finding eager buyers in the unregulated sovereign wealth funds of oil-rich Middle Eastern countries.
