Journal: Is Israel’s Infamy Obama’s Third Strike?

Pusillanimity or Hypocrisy or Both Memo to Obama: Three Strikes and You’re Out By FRANKLIN C. SPINNEY Counterpunch I believe Obama’s schtick during his campaign for president was to subtly encourage his adversaries to impale themselves of the horns of their own contradictions.  This kind of strategy can be particularly effective in the all-important moral …

Journal: Mother of All Frauds AFTER 9-11 Mother of All Atrocities–The Information Canivores Begin Circling Wall Street and the Two-Party Tyranny

The Foreclosure Game Tricks and Traps in the Fine Print By RALPH NADER, Counterpunch This time the big banks and mortgage servicing companies, with their long, one-sided fine print contracts, may have outsmarted themselves. The newspaper headlines and the network television news are blazing news of the erupting fraudulent foreclosure process. This long-overdue coverage is …

Journal: Financial War, Expropriation of Assets Next?

Economic historians have long recognized that one of the biggest mistakes deepening and prolonging the Great Depression was the establishment of beggar-thy-neighbour policy wars, like trying to protect domestic production by imposing protective tariffs.  But these tariffs hurt everyone, because the reduction in world trade depressed demand and  production to a greater extent than tariffs …

Journal: Pentagon Salad to Go With the Spagetti

Phi Beta Iota: Our newest Contributing Editor, Defense Dog (DefDog), thought to add to Chuck Spinney’s earlier sharing of the Pentagon spagetti charts by adding a touch of colorful salad–such good salad it has even been covered by WIRED Magazine. Read ‘Em All: Pentagon’s 193 Mind-Numbing Cybersecurity Regs NOTE:  The version at WIRED is High …

Journal: Five Myths Debunked–Treasury Run by Crooks

I asked my good friend Marshall Auerback, an investment advisor and lawyer by training and a senior fellow at the Roosevelt Institute, to evaluate Treasury Secretary Timothy Geithner’s claim that TARP has been a stunning success.  Geithner made this claim in a 10 October op-ed in the Washington Post, entitled, “Treasury Secretary Timothy Geithner tackles …