Economist Oct. 22, 2009
A hundred years ago a group of foreign diplomats gathered in Shanghai for the first-ever international effort to ban trade in a narcotic drug. On February 26th 1909 they agreed to set up the International Opium Commission—just a few decades after Britain had fought a war with China to assert its right to peddle the stuff. Many other bans of mood-altering drugs have followed. In 1998 the UN General Assembly committed member countries to achieving a “drug-free world” and to “eliminating or significantly reducing” the production of opium, cocaine and cannabis by 2008.
That is the kind of promise politicians love to make. It assuages the sense of moral panic that has been the handmaiden of prohibition for a century. It is intended to reassure the parents of teenagers across the world. Yet it is a hugely irresponsible promise, because it cannot be fulfilled.
Next week ministers from around the world gather in Vienna to set international drug policy for the next decade. Like first-world-war generals, many will claim that all that is needed is more of the same. In fact the war on drugs has been a disaster, creating failed states in the developing world even as addiction has flourished in the rich world. By any sensible measure, this 100-year struggle has been illiberal, murderous and pointless. That is why The Economist continues to believe that the least bad policy is to legalise drugs.
“Least bad” does not mean good. Legalisation, though clearly better for producer countries, would bring (different) risks to consumer countries. As we outline below, many vulnerable drug-takers would suffer. But in our view, more would gain.
The evidence of failure
Nowadays the UN Office on Drugs and Crime no longer talks about a drug-free world. Its boast is that the drug market has “stabilised”, meaning that more than 200m people, or almost 5% of the world’s adult population, still take illegal drugs—roughly the same proportion as a decade ago. (Like most purported drug facts, this one is just an educated guess: evidential rigour is another casualty of illegality.) The production of cocaine and opium is probably about the same as it was a decade ago; that of cannabis is higher. Consumption of cocaine has declined gradually in the United States from its peak in the early 1980s, but the path is uneven (it remains higher than in the mid-1990s), and it is rising in many places, including Europe.
This is not for want of effort. The United States alone spends some $40 billion each year on trying to eliminate the supply of drugs. It arrests 1.5m of its citizens each year for drug offences, locking up half a million of them; tougher drug laws are the main reason why one in five black American men spend some time behind bars. In the developing world blood is being shed at an astonishing rate. In Mexico more than 800 policemen and soldiers have been killed since December 2006 (and the annual overall death toll is running at over 6,000). This week yet another leader of a troubled drug-ridden country—Guinea Bissau—was assassinated.
Yet prohibition itself vitiates the efforts of the drug warriors. The price of an illegal substance is determined more by the cost of distribution than of production. Take cocaine: the mark-up between coca field and consumer is more than a hundredfold. Even if dumping weedkiller on the crops of peasant farmers quadruples the local price of coca leaves, this tends to have little impact on the street price, which is set mainly by the risk of getting cocaine into Europe or the United States.
Nowadays the drug warriors claim to seize close to half of all the cocaine that is produced. The street price in the United States does seem to have risen, and the purity seems to have fallen, over the past year. But it is not clear that drug demand drops when prices rise. On the other hand, there is plenty of evidence that the drug business quickly adapts to market disruption. At best, effective repression merely forces it to shift production sites. Thus opium has moved from Turkey and Thailand to Myanmar and southern Afghanistan, where it undermines the West’s efforts to defeat the Taliban... Read all
Oct 22, 2009
America’s Phoney War in Afghanistan
By F. William Engdahl.October 21, 2009 “Information Clearing House” — One of the most remarkable aspects of the Obama Presidential agenda is how little anyone has questioned in the media or elsewhere why at all the United States Pentagon is committed to a military occupation of Afghanistan. There are two basic reasons, neither one of which can be admitted openly to the public at large.
Behind all the deceptive official debate over how many troops are needed to “win” the war in Afghanistan, whether another 30,000 is sufficient, or whether at least 200000 are needed, the real purpose of US military presence in that pivotal Central Asian country is obscured.
Even during the 2008 Presidential campaign candidate Obama argued that Afghanistan not Iraq was where the US must wage war. His reason? Because he claimed, that was where the Al Qaeda organization was holed up and that was the “real” threat to US national security. The reasons behind US involvement in Afghanistan is quite another one.
The US military is in Afghanistan for two reasons. First to restore and control the world’s largest supply of opium for the world heroin markets and to use the drugs as a geopolitical weapon against opponents, especially Russia. That control of the Afghan drug market is essential for the liquidity of the bankrupt and corrupt Wall Street financial mafia.
Geopolitics of Afghan Opium
According even to an official UN report, opium production in Afghanistan has risen dramatically since the downfall of the Taliban in 2001. UNODC data shows more opium poppy cultivation in each of the past four growing seasons (2004-2007), than in any one year during Taliban rule. More land is now used for opium in Afghanistan, than for coca cultivation in Latin America. In 2007, 93% of the opiates on the world market originated in Afghanistan. This is no accident.
It has been documented that Washington hand-picked the controversial Hamid Karzai, a Pashtun warlord from the Popalzai tribe, long in the CIA’s service, brought him back from exile in the USA, created a Hollywood mythology around his “courageous leadership of his people.” According to Afghan sources, Karzai is the Opium “Godfather” of Afghanistan today. There is apparently no accident that he was and is today still Washington’s preferred man in Kabul.
Yet even with massive vote buying and fraud and intimidation, Karzai’s days could be ending as President.
The second reason the US military remains in Afghanistan long after the world has forgotten even who the mysterious Osama bin Laden and his alleged Al Qaeda terrorist organization is or even if they exist, is as a pretext to build a permanent US military strike force with a series of permanent US airbases across Afghanistan. The aim of those bases is not to eradicate any Al Qaeda cells that may have survived in the caves of Tora Bora, or to eradicate a mythical “Taliban” which at this point according to eyewitness reports is made up overwhelmingly of local ordinary Afghanis fighting to rid their land once more of occupier armies as they did in the 11980’s against the Russians.
The aim of the US bases in Afghanistan is to target and be able to strike at the two nations which today represent the only combined threat in the world today to an American global imperium, to America’s Full Spectrum Dominance as the Pentagon terms it.
The lost ‘Mandate of Heaven’
The problem for the US power elites around Wall Street and in Washington is the fact that they are now in the deepest financial crisis in their history. That crisis is clear to the entire world and the world is acting on a basis of self-survival. The US elites have lost what in Chinese imperial history is known as the Mandate of Heaven. That mandate is given a ruler or ruling elite provided they rule their people justly and fairly. When they rule tyrannically and as despots, oppressing and abusing their people, they lose that Mandate of Heaven.
If the powerful private wealthy elites that have controlled essential US financial and foreign policy for most of the past century or more ever had a “mandate of Heaven” they clearly have lost it. The domestic developments towards creation of an abusive police state with deprivation of Constitutional rights to its citizens, the arbitrary exercise of power by non elected officials such as Treasury Secretaries Henry Paulson and now Tim Geithner, stealing trillion dollar sums from taxpayers without their consent in order to bailout the bankrupt biggest Wall Street banks, banks deemed “Too Big To Fail,” this all demonstrates to the world they have lost the mandate
In this situation, the US power elites are increasingly desperate to maintain their control of a global parasitical empire, called deceptively by their media machine, “globalization.” To hold that dominance it is essential that they be able to break up any emerging cooperation in the economic, energy or military realm between the two major powers of Eurasia that conceivably could pose a challenge to future US sole Superpower control—China in combination with Russia.
Each Eurasian power brings to the table essential contributions. China has the world’s most robust economy, a huge young and dynamic workforce, an educated middle class. Russia, whose economy has not recovered from the destructive end pf the Soviet era and of the primitive looting during the Yeltsin era, still holds essential assets for the combination. Russia’s nuclear strike force and its military pose the only threat in the world today to US military dominance, even if it is largely a residue of the Cold War. The Russian military elites never gave up that potential.
As well Russia holds the world’s largest treasure of natural gas and vast reserves of oil urgently needed by China. The two powers are increasingly converging via a new organization they created in 2001 known as the Shanghai Cooperation Organization (SCO). That includes as well as China and Russia, the largest Central Asia states Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
The purpose of the alleged US war against both Taliban and Al Qaeda is in reality to place its military strike force directly in the middle of the geographical space of this emerging SCO in Central Asia. Iran is a diversion.
The main goal or target is Russia and China.
Officially, of course, Washington claims it has built its military presence inside Afghanistan since 2002 in order to protect a “fragile” Afghan democracy. It’s a curious argument given the reality of US military presence there.
In December 2004, during a visit to Kabul, US Defense Secretary Donald Rumsfeld finalized plans to build nine new bases in Afghanistan in the provinces of Helmand, Herat, Nimrouz, Balkh, Khost and Paktia. The nine are in addition to the three major US military bases already installed in the wake of its occupation of Afghanistan in winter of 2001-2002, ostensibly to isolate and eliminate the terror threat of Osama bin Laden.
The Pentagon built its first three bases at Bagram Air Field north of Kabul, the US’ main military logistics center; Kandahar Air Field, in southern Afghanistan; and Shindand Air Field in the western province of Herat. Shindand, the largest US base in Afghanistan, was constructed a mere 100 kilometers from the border of Iran, and within striking distance of Russia as well as China.
Afghanistan has historically been the heartland for the British-Russia Great Game, the struggle for control of Central Asia during the 19th and early 20th Centuries. British strategy then was to prevent Russia at all costs from controlling Afghanistan and thereby threatening Britain’s imperial crown jewel, India.
Afghanistan is similarly regarded by Pentagon planners as highly strategic. It is a platform from which US military power could directly threaten Russia and China, as well as Iran and other oil-rich Middle East lands. Little has changed geopolitically over more than a century of wars.
Afghanistan is in an extremely vital location, straddling South Asia, Central Asia, and the Middle East. Afghanistan also lies along a proposed oil pipeline route from the Caspian Sea oil fields to the Indian Ocean, where the US oil company, Unocal, along with Enron and Cheney’s Halliburton, had been in negotiations for exclusive pipeline rights to bring natural gas from Turkmenistan across Afghanistan and Pakistan to Enron’s huge natural gas power plant at Dabhol near Mumbai. Karzai, before becoming puppet US president, had been a Unocal lobbyist.
Al Qaeda doesn’t exist as a threat
The truth of all this deception around the real purpose in Afghanistan becomes clear on a closer look at the alleged “Al Qaeda” threat in Afghanistan. According to author Erik Margolis, prior to the September 11,2001 attacks, US intelligence was giving aid and support both to the Taliban and to Al Qaeda. Margolis claims that “The CIA was planning to use Osama bin Laden’s Al Qaeda to stir up Muslim Uighurs against Chinese rule, and Taliban against Russia’s Central Asian allies.”
The US clearly found other means of stirring up Muslim Uighurs against Beijing last July via its support for the World Uighur Congress. But the Al Qaeda “threat” remains the lynchpin of Obama US justification for his Afghan war buildup.
Now, however, the National Security Adviser to President Obama, former Marine Gen. James Jones has made a statement, conveniently buried by the friendly US media, about the estimated size of the present Al Qaeda danger in Afghanistan. Jones told Congress, “The al-Qaeda presence is very diminished.
The maximum estimate is less than 100 operating in the country, no bases, no ability to launch attacks on either us or our allies.”
That means that Al-Qaeda, for all practical purposes, does not exist in Afghanistan. Oops…
Even in neighboring Pakistan, the remnants of Al-Qaeda are scarcely to be found. The Wall Street Journal reports, “Hunted by US drones, beset by money problems and finding it tougher to lure young Arabs to the bleak mountains of Pakistan, al Qaeda is seeing its role shrink there and in Afghanistan, according to intelligence reports and Pakistan and U.S. officials. For Arab youths who are al Qaeda’s primary recruits, ‘it’s not romantic to be cold and hungry and hiding,’ said a senior U.S. official in South Asia.”
If we follow the statement to its logical consequence we must conclude then that the reason German soldiers are dying along with other NATO youth in the mountains of Afghanistan has nothing to do with “winning a war against terrorism.” Conveniently most media chooses to forget the fact that Al Qaeda to the extent it ever existed, was a creation in the 1980’s of the CIA, who recruited and trained radical muslims from across the Islamic world to wage war against Russian troops in Afghanistan as part of a strategy developed by Reagan’s CIA head Bill Casey and others to create a “new Vietnam” for the Soviet Union which would lead to a humiliating defeat for the Red Army and the ultimate collapse of the Soviet Union.
Now US NSC head Jones admits there is essentially no Al Qaeda anymore in Afghanistan. Perhaps it is time for a more honest debate from our political leaders about the true purpose of sending more young to die protecting the opium harvests of Afghanistan.
F. William Engdahl – Author of Seeds of Destruction: The Hidden Agenda of Genetic Manipulation.. He also authored A Century of War: Anglo-American Oil Politics and the New World Order (Pluto Press). His latest book is Full Spectrum Dominance: Totalitarian Democracy in the New World Order (Third Millennium Press) www.engdahl.oilgeopolitics.net.
Behind all the deceptive official debate over how many troops are needed to “win” the war in Afghanistan, whether another 30,000 is sufficient, or whether at least 200000 are needed, the real purpose of US military presence in that pivotal Central Asian country is obscured.
Even during the 2008 Presidential campaign candidate Obama argued that Afghanistan not Iraq was where the US must wage war. His reason? Because he claimed, that was where the Al Qaeda organization was holed up and that was the “real” threat to US national security. The reasons behind US involvement in Afghanistan is quite another one.
The US military is in Afghanistan for two reasons. First to restore and control the world’s largest supply of opium for the world heroin markets and to use the drugs as a geopolitical weapon against opponents, especially Russia. That control of the Afghan drug market is essential for the liquidity of the bankrupt and corrupt Wall Street financial mafia.
Geopolitics of Afghan Opium
According even to an official UN report, opium production in Afghanistan has risen dramatically since the downfall of the Taliban in 2001. UNODC data shows more opium poppy cultivation in each of the past four growing seasons (2004-2007), than in any one year during Taliban rule. More land is now used for opium in Afghanistan, than for coca cultivation in Latin America. In 2007, 93% of the opiates on the world market originated in Afghanistan. This is no accident.
It has been documented that Washington hand-picked the controversial Hamid Karzai, a Pashtun warlord from the Popalzai tribe, long in the CIA’s service, brought him back from exile in the USA, created a Hollywood mythology around his “courageous leadership of his people.” According to Afghan sources, Karzai is the Opium “Godfather” of Afghanistan today. There is apparently no accident that he was and is today still Washington’s preferred man in Kabul.
Yet even with massive vote buying and fraud and intimidation, Karzai’s days could be ending as President.
The second reason the US military remains in Afghanistan long after the world has forgotten even who the mysterious Osama bin Laden and his alleged Al Qaeda terrorist organization is or even if they exist, is as a pretext to build a permanent US military strike force with a series of permanent US airbases across Afghanistan. The aim of those bases is not to eradicate any Al Qaeda cells that may have survived in the caves of Tora Bora, or to eradicate a mythical “Taliban” which at this point according to eyewitness reports is made up overwhelmingly of local ordinary Afghanis fighting to rid their land once more of occupier armies as they did in the 11980’s against the Russians.
The aim of the US bases in Afghanistan is to target and be able to strike at the two nations which today represent the only combined threat in the world today to an American global imperium, to America’s Full Spectrum Dominance as the Pentagon terms it.
The lost ‘Mandate of Heaven’
The problem for the US power elites around Wall Street and in Washington is the fact that they are now in the deepest financial crisis in their history. That crisis is clear to the entire world and the world is acting on a basis of self-survival. The US elites have lost what in Chinese imperial history is known as the Mandate of Heaven. That mandate is given a ruler or ruling elite provided they rule their people justly and fairly. When they rule tyrannically and as despots, oppressing and abusing their people, they lose that Mandate of Heaven.
If the powerful private wealthy elites that have controlled essential US financial and foreign policy for most of the past century or more ever had a “mandate of Heaven” they clearly have lost it. The domestic developments towards creation of an abusive police state with deprivation of Constitutional rights to its citizens, the arbitrary exercise of power by non elected officials such as Treasury Secretaries Henry Paulson and now Tim Geithner, stealing trillion dollar sums from taxpayers without their consent in order to bailout the bankrupt biggest Wall Street banks, banks deemed “Too Big To Fail,” this all demonstrates to the world they have lost the mandate
In this situation, the US power elites are increasingly desperate to maintain their control of a global parasitical empire, called deceptively by their media machine, “globalization.” To hold that dominance it is essential that they be able to break up any emerging cooperation in the economic, energy or military realm between the two major powers of Eurasia that conceivably could pose a challenge to future US sole Superpower control—China in combination with Russia.
Each Eurasian power brings to the table essential contributions. China has the world’s most robust economy, a huge young and dynamic workforce, an educated middle class. Russia, whose economy has not recovered from the destructive end pf the Soviet era and of the primitive looting during the Yeltsin era, still holds essential assets for the combination. Russia’s nuclear strike force and its military pose the only threat in the world today to US military dominance, even if it is largely a residue of the Cold War. The Russian military elites never gave up that potential.
As well Russia holds the world’s largest treasure of natural gas and vast reserves of oil urgently needed by China. The two powers are increasingly converging via a new organization they created in 2001 known as the Shanghai Cooperation Organization (SCO). That includes as well as China and Russia, the largest Central Asia states Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
The purpose of the alleged US war against both Taliban and Al Qaeda is in reality to place its military strike force directly in the middle of the geographical space of this emerging SCO in Central Asia. Iran is a diversion.
The main goal or target is Russia and China.
Officially, of course, Washington claims it has built its military presence inside Afghanistan since 2002 in order to protect a “fragile” Afghan democracy. It’s a curious argument given the reality of US military presence there.
In December 2004, during a visit to Kabul, US Defense Secretary Donald Rumsfeld finalized plans to build nine new bases in Afghanistan in the provinces of Helmand, Herat, Nimrouz, Balkh, Khost and Paktia. The nine are in addition to the three major US military bases already installed in the wake of its occupation of Afghanistan in winter of 2001-2002, ostensibly to isolate and eliminate the terror threat of Osama bin Laden.
The Pentagon built its first three bases at Bagram Air Field north of Kabul, the US’ main military logistics center; Kandahar Air Field, in southern Afghanistan; and Shindand Air Field in the western province of Herat. Shindand, the largest US base in Afghanistan, was constructed a mere 100 kilometers from the border of Iran, and within striking distance of Russia as well as China.
Afghanistan has historically been the heartland for the British-Russia Great Game, the struggle for control of Central Asia during the 19th and early 20th Centuries. British strategy then was to prevent Russia at all costs from controlling Afghanistan and thereby threatening Britain’s imperial crown jewel, India.
Afghanistan is similarly regarded by Pentagon planners as highly strategic. It is a platform from which US military power could directly threaten Russia and China, as well as Iran and other oil-rich Middle East lands. Little has changed geopolitically over more than a century of wars.
Afghanistan is in an extremely vital location, straddling South Asia, Central Asia, and the Middle East. Afghanistan also lies along a proposed oil pipeline route from the Caspian Sea oil fields to the Indian Ocean, where the US oil company, Unocal, along with Enron and Cheney’s Halliburton, had been in negotiations for exclusive pipeline rights to bring natural gas from Turkmenistan across Afghanistan and Pakistan to Enron’s huge natural gas power plant at Dabhol near Mumbai. Karzai, before becoming puppet US president, had been a Unocal lobbyist.
Al Qaeda doesn’t exist as a threat
The truth of all this deception around the real purpose in Afghanistan becomes clear on a closer look at the alleged “Al Qaeda” threat in Afghanistan. According to author Erik Margolis, prior to the September 11,2001 attacks, US intelligence was giving aid and support both to the Taliban and to Al Qaeda. Margolis claims that “The CIA was planning to use Osama bin Laden’s Al Qaeda to stir up Muslim Uighurs against Chinese rule, and Taliban against Russia’s Central Asian allies.”
The US clearly found other means of stirring up Muslim Uighurs against Beijing last July via its support for the World Uighur Congress. But the Al Qaeda “threat” remains the lynchpin of Obama US justification for his Afghan war buildup.
Now, however, the National Security Adviser to President Obama, former Marine Gen. James Jones has made a statement, conveniently buried by the friendly US media, about the estimated size of the present Al Qaeda danger in Afghanistan. Jones told Congress, “The al-Qaeda presence is very diminished.
The maximum estimate is less than 100 operating in the country, no bases, no ability to launch attacks on either us or our allies.”
That means that Al-Qaeda, for all practical purposes, does not exist in Afghanistan. Oops…
Even in neighboring Pakistan, the remnants of Al-Qaeda are scarcely to be found. The Wall Street Journal reports, “Hunted by US drones, beset by money problems and finding it tougher to lure young Arabs to the bleak mountains of Pakistan, al Qaeda is seeing its role shrink there and in Afghanistan, according to intelligence reports and Pakistan and U.S. officials. For Arab youths who are al Qaeda’s primary recruits, ‘it’s not romantic to be cold and hungry and hiding,’ said a senior U.S. official in South Asia.”
If we follow the statement to its logical consequence we must conclude then that the reason German soldiers are dying along with other NATO youth in the mountains of Afghanistan has nothing to do with “winning a war against terrorism.” Conveniently most media chooses to forget the fact that Al Qaeda to the extent it ever existed, was a creation in the 1980’s of the CIA, who recruited and trained radical muslims from across the Islamic world to wage war against Russian troops in Afghanistan as part of a strategy developed by Reagan’s CIA head Bill Casey and others to create a “new Vietnam” for the Soviet Union which would lead to a humiliating defeat for the Red Army and the ultimate collapse of the Soviet Union.
Now US NSC head Jones admits there is essentially no Al Qaeda anymore in Afghanistan. Perhaps it is time for a more honest debate from our political leaders about the true purpose of sending more young to die protecting the opium harvests of Afghanistan.
F. William Engdahl – Author of Seeds of Destruction: The Hidden Agenda of Genetic Manipulation.. He also authored A Century of War: Anglo-American Oil Politics and the New World Order (Pluto Press). His latest book is Full Spectrum Dominance: Totalitarian Democracy in the New World Order (Third Millennium Press) www.engdahl.oilgeopolitics.net.
Largest Transfer of Wealth to Financial/Political Elite in Global History
By Carl Herman - October 21, 2009 “LA County Nonpartisan Examiner”
– Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim as gross violations of financial law. Let’s consider current facts of high importance:
• Transfer of somewhere over $3 trillion with a total potential of $23.7 trillion to banks and financial institutions for the socialization of their gambling losses on illegal sub-prime mortgages and credit default swaps. We know the sub-prime lending was illegal because the FBI concluded 80% of all sub-prime criminal fraud originated from the lenders.
• A so-called bailout designed to give money to the banksters without accountability of where the money is going. This is according to testimony of Elizabeth Warren, Harvard law professor appointed to oversee the bailout for Congress, with video explanation below. The bankster-bailout was chosen rather than simply protecting depositors and reorganizing the banks under standard bankruptcy procedure.
The two oligarchy political parties denied Congressional hearings for the bankster-bailout, which should have considered cost-benefit analysis for public banks rather than private banks. An important fact that would have come out of the hearings is that the total market capitalization of all the major US banks was less than $300 billion; meaning that the government could have outright bought all of them for less than a tenth of the amount given away. Think about that.
• A 2009 record payout to bank employees, including lucrative bonuses, on pace for $140 billion.• Depression-level unemployment, with the government’s “official figures” understating true unemployment by half.• 100,000 laid-off teachers with class sizes expanding to over 40 students per class, and over a million homeless US students.
• The economic crushing of the American middle class, as explained by Elizabeth Warren in her video.• Record high home foreclosures. An alternative policy to the bankster-bailout would have been to have the banks write-down the value of the mortgages they fraudulently wrote, and reset that lower value as the new loan amount for the homeowner. This could have been a preliminary move to creating non-profit mortgage rates for the public benefit.• Record federal budget deficit of $1.4 trillion.
• Record federal debt of $12 trillion with annual interest payments of ~$450 billion every year. The oligarchy has no policy to ever pay the national debt, only to make the minimum interest payment. They don’t even try to defend that the national debt is in the public good and never discuss monetary reform to end the debt.• Record total US debt from all sources of over $70 trillion.
• US military recruitment hitting targets because young Americans have no other options for work. These men and women will feed the expansion of illegal US Wars of Aggression.
Dylan Ratigan of MSNBC’s show, “Morning Meeting,” calls the economic “bailout” and subsequent policy, “the largest theft and cover-up ever,” “the worst deal since the Indians sold Manhattan,” “the ‘Masters of the Universe’ are on the take from the taxpayers,” “the biggest transfer of money in the history of the world,” and “No one, the Pharaohs, you pick ‘em, no one even comes close to how much the banks and politicians have stolen from us.” His video is also below.
Paul Craig Roberts, Assistant Secretary of the Treasury during President Reagan’s first term, Associate Editor of the Wall Street Journal, and Senior Research Fellow at the Hoover Institution of Stanford University simply writes, “The rich have stolen the economy.”
If it’s any comfort, remember that America was born from recognition that our government was playing us, exploiting our labor for their financial gain and not for the public good. Remember that our government labeled Thomas Jefferson, John Adams, Benjamin Franklin, George Washington, James Madison, and all the Founding Fathers as “traitors” when they didn’t blindly and stupidly believe the empty spin that the government was acting in the public good. They also predicted that future generations would have to fight to retain the liberty they wrested from lying political whores who murdered the public good in exchange for personal wealth, fame and power.
If you ever wondered how educated Germans could ever believe Nazi propaganda, all you have to do is look around the US today.
The good news is that the structural economic change for the public good is simple. Monetary reform ends the banks from creating money, shifts this power to the Treasury for the direct payment of public goods and services and minimizing the peoples’ cost of credit (think 1% interest-rate mortgages). Real regulation will end casino capitalism with exotic derivatives betting on future economic outcomes that produce no public benefit in the gambling. Taking money out of elections and politics will limit political corruption. Breaking up the five corporations that currently serve as the propaganda arm of the oligarchy will help; the so-called mainstream media, or sheepstream media corpse as I like to call it.
To get from here to the good news is a formidable task. I suggest a Truth and Reconciliation process to exchange our getting the complete truth and ending all criminal and damaging political and economic acts for the perpetrators’ cooperation and return of public assets. I’d even allow them a stipend to facilitate their surrender of our government and economy; what the oligarchy presently consider their own twisted private playground.
The two interviews are necessary education for the public to see the economy for what it is. They are 6-minutes and 7-minutes.
As always, please share this article with all who say they want economic competence and want to be responsible citizens. If you appreciate my work, please subscribe . Please feel free to peruse my archive of work here.
– Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim as gross violations of financial law. Let’s consider current facts of high importance:
• Transfer of somewhere over $3 trillion with a total potential of $23.7 trillion to banks and financial institutions for the socialization of their gambling losses on illegal sub-prime mortgages and credit default swaps. We know the sub-prime lending was illegal because the FBI concluded 80% of all sub-prime criminal fraud originated from the lenders.
• A so-called bailout designed to give money to the banksters without accountability of where the money is going. This is according to testimony of Elizabeth Warren, Harvard law professor appointed to oversee the bailout for Congress, with video explanation below. The bankster-bailout was chosen rather than simply protecting depositors and reorganizing the banks under standard bankruptcy procedure.
The two oligarchy political parties denied Congressional hearings for the bankster-bailout, which should have considered cost-benefit analysis for public banks rather than private banks. An important fact that would have come out of the hearings is that the total market capitalization of all the major US banks was less than $300 billion; meaning that the government could have outright bought all of them for less than a tenth of the amount given away. Think about that.
• A 2009 record payout to bank employees, including lucrative bonuses, on pace for $140 billion.• Depression-level unemployment, with the government’s “official figures” understating true unemployment by half.• 100,000 laid-off teachers with class sizes expanding to over 40 students per class, and over a million homeless US students.
• The economic crushing of the American middle class, as explained by Elizabeth Warren in her video.• Record high home foreclosures. An alternative policy to the bankster-bailout would have been to have the banks write-down the value of the mortgages they fraudulently wrote, and reset that lower value as the new loan amount for the homeowner. This could have been a preliminary move to creating non-profit mortgage rates for the public benefit.• Record federal budget deficit of $1.4 trillion.
• Record federal debt of $12 trillion with annual interest payments of ~$450 billion every year. The oligarchy has no policy to ever pay the national debt, only to make the minimum interest payment. They don’t even try to defend that the national debt is in the public good and never discuss monetary reform to end the debt.• Record total US debt from all sources of over $70 trillion.
• US military recruitment hitting targets because young Americans have no other options for work. These men and women will feed the expansion of illegal US Wars of Aggression.
Dylan Ratigan of MSNBC’s show, “Morning Meeting,” calls the economic “bailout” and subsequent policy, “the largest theft and cover-up ever,” “the worst deal since the Indians sold Manhattan,” “the ‘Masters of the Universe’ are on the take from the taxpayers,” “the biggest transfer of money in the history of the world,” and “No one, the Pharaohs, you pick ‘em, no one even comes close to how much the banks and politicians have stolen from us.” His video is also below.
Paul Craig Roberts, Assistant Secretary of the Treasury during President Reagan’s first term, Associate Editor of the Wall Street Journal, and Senior Research Fellow at the Hoover Institution of Stanford University simply writes, “The rich have stolen the economy.”
If it’s any comfort, remember that America was born from recognition that our government was playing us, exploiting our labor for their financial gain and not for the public good. Remember that our government labeled Thomas Jefferson, John Adams, Benjamin Franklin, George Washington, James Madison, and all the Founding Fathers as “traitors” when they didn’t blindly and stupidly believe the empty spin that the government was acting in the public good. They also predicted that future generations would have to fight to retain the liberty they wrested from lying political whores who murdered the public good in exchange for personal wealth, fame and power.
If you ever wondered how educated Germans could ever believe Nazi propaganda, all you have to do is look around the US today.
The good news is that the structural economic change for the public good is simple. Monetary reform ends the banks from creating money, shifts this power to the Treasury for the direct payment of public goods and services and minimizing the peoples’ cost of credit (think 1% interest-rate mortgages). Real regulation will end casino capitalism with exotic derivatives betting on future economic outcomes that produce no public benefit in the gambling. Taking money out of elections and politics will limit political corruption. Breaking up the five corporations that currently serve as the propaganda arm of the oligarchy will help; the so-called mainstream media, or sheepstream media corpse as I like to call it.
To get from here to the good news is a formidable task. I suggest a Truth and Reconciliation process to exchange our getting the complete truth and ending all criminal and damaging political and economic acts for the perpetrators’ cooperation and return of public assets. I’d even allow them a stipend to facilitate their surrender of our government and economy; what the oligarchy presently consider their own twisted private playground.
The two interviews are necessary education for the public to see the economy for what it is. They are 6-minutes and 7-minutes.
As always, please share this article with all who say they want economic competence and want to be responsible citizens. If you appreciate my work, please subscribe . Please feel free to peruse my archive of work here.
The Uber Nutrient Worth “Hundreds of Billions”
DailyReckoning 10/21/09 Marco Island, Florida
– This ranks as one of the most important public health breakthroughs in decades.
A trickle of solid peer-reviewed evidence that most people are severely vitamin D deficient has turned into a flood. If the new consensus is correct, and I believe it is, increasing your vitamin D level could, for most people, add years of healthy life. It could also save the U.S. economy hundreds of billions annually…
D is not just another nutrient. Putting it simplistically, it is the über-nutrient that affects the way all other nutrients, not just calcium, are utilized. Virtually every cell in the body has a D receptor, even those in the brain. Until recently, however, few asked why. This is a particularly interesting question because there is very little vitamin D actually available in food. Most of our nutritional D, in fact, is added. Historically, the primary source of D, not only for humans, but for many other animals, has been sunshine. We convert the energy found in ultraviolet B in our skin to vitamin D. Obviously, there is something critically important about D if our prehistoric ancestors could manufacture it even during times of famine.
Now we see a compendium of solid peer-reviewed research indicating that many of our most troublesome and expensive diseases are symptoms of vitamin D deficiency. Rickets, apparently, was only the tip of the iceberg. Other diseases on the list of conditions caused or exacerbated by D deficiency include cancers, diabetes, susceptibility to bacterial and viral infections, autoimmune diseases such as multiple sclerosis, psoriasis, heart disease, stroke, osteomalacia or age-related bone mass thinning, osteoporosis, depression and even food allergies.
Obesity, in fact, is highly correlated with vitamin D deficiency. In many of these conditions, risk factors drop within months, and by as much as 80%.
I know, I know. This is a financial newsletter, but living a longer healthier life is not just an end in itself. It is the most important component of an optimal financial strategy… The nature of exponential growth is simply this: The longer you live, the faster your portfolio grows.
Patrick Cox Source
– This ranks as one of the most important public health breakthroughs in decades.
A trickle of solid peer-reviewed evidence that most people are severely vitamin D deficient has turned into a flood. If the new consensus is correct, and I believe it is, increasing your vitamin D level could, for most people, add years of healthy life. It could also save the U.S. economy hundreds of billions annually…
D is not just another nutrient. Putting it simplistically, it is the über-nutrient that affects the way all other nutrients, not just calcium, are utilized. Virtually every cell in the body has a D receptor, even those in the brain. Until recently, however, few asked why. This is a particularly interesting question because there is very little vitamin D actually available in food. Most of our nutritional D, in fact, is added. Historically, the primary source of D, not only for humans, but for many other animals, has been sunshine. We convert the energy found in ultraviolet B in our skin to vitamin D. Obviously, there is something critically important about D if our prehistoric ancestors could manufacture it even during times of famine.
Now we see a compendium of solid peer-reviewed research indicating that many of our most troublesome and expensive diseases are symptoms of vitamin D deficiency. Rickets, apparently, was only the tip of the iceberg. Other diseases on the list of conditions caused or exacerbated by D deficiency include cancers, diabetes, susceptibility to bacterial and viral infections, autoimmune diseases such as multiple sclerosis, psoriasis, heart disease, stroke, osteomalacia or age-related bone mass thinning, osteoporosis, depression and even food allergies.
Obesity, in fact, is highly correlated with vitamin D deficiency. In many of these conditions, risk factors drop within months, and by as much as 80%.
I know, I know. This is a financial newsletter, but living a longer healthier life is not just an end in itself. It is the most important component of an optimal financial strategy… The nature of exponential growth is simply this: The longer you live, the faster your portfolio grows.
Patrick Cox Source
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Protect Your ASSets: Buy Gold or Silver NOW - If you wait you will be late.
(He who panics first, just may salvage something.
