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)
DefDog Recommends...

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”

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)
Michael Ostrolenk Recommends...

“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

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
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.

USA Spectrum Out of Control & Self-Destructing

07 Other Atrocities, 10 Security, Advanced Cyber/IO, Computer/online security, Corruption, Cyberscams, malware, spam, InfoOps (IO), Military, Mobile, Officers Call, Politics of Science & Science of Politics, Power Behind-the-Scenes/Special Interests, Real Time, Secrecy & Politics of Secrecy, Standards, Technologies
DefDog Recommends...

Interesting, and if the point about Garmin is true, what is the relationship between them and the Air Force? The Air Force has gotten into a lot of areas that include tracking to the individual level (RFI) under the guise of tracking logistics….

US Air Force raises concerns over LightSquared's LTE network messing with GPS

Following a navigation system's instructions without driving into a ravine is hard enough as it is — can you even imagine how hard it'd be if you kept losing GPS reception every time you drove within range of an LTE tower? There have been a few anecdotal concerns raised over the last several weeks that LightSquared's proposed LTE network — which would repurpose L-band spectrum formerly used for satellite — is too close to the spectrum used by the Global Positioning System, leading to unintentional jamming when the towers overpower the much weaker GPS signals. Things have gotten a little more interesting, though, now that the US Air Force Space Command has officially piped in. General William Shelton has gone on record saying that “a leading GPS receiver manufacturer just … has concluded that within 3 to 5 miles on the ground and within about 12 miles in the air GPS is jammed by those towers,” calling the situation “unbelievable” and saying he's “hopeful the FCC does the right thing.”

Read rest of article….

Phi Beta Iota: Electromagnetic conflicts have been a known issue since the 1980's.  The Soviets had emission control standards ten times tougher than the US, which had (and continues to have) virtually no standards at all.  This is one reason why US forces in Afghanistan are so severely hampered, with drones, aircraft, radars, and various other “systems” all interfering with one another.  Elsewhere, notably in England, modern cars come to a complete stop within a  couple of kilometers of certain Royal Air Force emitting stations.  All of this can be attributed to at least four root problems:

1.  An acquisition archipelago (nothing sytematic about it) so stupid and out of control as to defy belief.  No standards, no brains, no integrity.

2.  Service-centric and mission-centric “preferred contractor” and “proprietary single point solutions” standard operating processes that are deliberately not orchestrated with other services, civilian elements of the government, or other nations.

3.  A lack of integrity among senior officers who should know better.

4.  A lack of integrity in Congress, where the focus is on collecting the 5% kick-back from delivered programs, not on actually serving the public interest by insuring affordability, interoperability, sustainability, and utility.

See Also:

Continue reading “USA Spectrum Out of Control & Self-Destructing”

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
Chuck Spinney Recommends...

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

Video: Jesse Ventura Rips Wall St & Goldman Sachs

01 Poverty, 03 Economy, 07 Other Atrocities, Civil Society, Commerce, Corruption, Ethics, Government, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, Secrecy & Politics of Secrecy, Videos/Movies/Documentaries

Related:

Review: Griftopia–Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

See also:
Come Home, America: The Rise and Fall (and Redeeming Promise) of Our Country

The Battle for the Soul of Capitalism
Continue reading “Video: Jesse Ventura Rips Wall St & Goldman Sachs”

End of Hegemony, Deceit, & Despots

Advanced Cyber/IO, Communities of Practice, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Cultural Intelligence, Earth Intelligence, Ethics, InfoOps (IO), Intelligence (government), Key Players, Methods & Process, Officers Call, Peace Intelligence, Policies, Power Behind-the-Scenes/Special Interests, Reform, Strategy, Threats

(AP) – 2 hours ago

WASHINGTON (AP) — As with Iran 30 years ago, American leaders again are wrestling with the moral conflict between Washington's demands for democracy among its friends and strategic coziness with dictatorial regimes seen as key to stability in an increasingly complex world, particularly the Middle East.

The turmoil in Egypt — and its potential for grave consequences for U.S. policy throughout the region — was inevitable. The recent WikiLeaks release of U.S. diplomatic reports showed that Washington knew what problems it increasingly faced with the regime of President Hosni Mubarak and his three decades of iron-fisted rule.

Read article and view five photos….

Phi Beta Iota: For decades we have been citing Will and Ariel Durant, who state in Lessons of History that morality is a priceless strategic asset.   Max Manwaring et al nailed it in The Search for Security, identifying legitimacy as the sole basis for stable effective governance.  Ambassador Max Palmer nailed it in Breaking the Real Axis of Evil, addressing the fact that the US Government has consistently chosen to support 42 of 44 dictators over the public interest.  To the best of our knowledge this is the only website that has consistently stated that morality, legitimacy, and integrity are the essential foundation for a prosperous world at peace.

1.  The US Government has no strategy and no standing.  Obama and Clinton are puffery without a clue.  What has been done in this region and “in our name” has been a Web of Deceit and a Legacy of Ashes.  Washington Sold Our Soul for Saudi Crude.

2.  Israel has lost all credibility as well as all practical power–Turkey and the publics will do to Israel what Gandhi did to the British.  Israeli genocide (and Arab dictator neglect) of the Palestinians will stand as the modern Holocaust.

3.  Saudi Arabia, not Jordan, should be the next regime to fall and fall  hard.  There are 60,000 “royal” perverts and thieves there that need to be exorcised, exiled or executed.  Jordan is on the edge of the razor–our Queen Noor's Leap of Faith is central to the possibilities.

This is going to take a quarter century to play out.   A fine beginning.

Related:

Assisi, Egypt, US Hypocrisy, Global Revolution

Marginalization Not Al Quada the Real Atrocity

Women of Washingtonian–The Lunacy Continues

Below the line: one paragraph from selected reviews, other book review links.

Continue reading “End of Hegemony, Deceit, & Despots”