US-Saudi Subterfuge Send Stocks and Credit Reeling…
U.S. powerbrokers have put the country at risk of another financial crisis to intensify their economic war on Moscow and to move ahead with their plan to “pivot to Asia”.
Here’s what’s happening: Washington has persuaded the Saudis to flood the market with oil to push down prices, decimate Russia’s economy, and reduce Moscow’s resistance to further NATO encirclement and the spreading of US military bases across Central Asia. The US-Saudi scheme has slashed oil prices by nearly a half since they hit their peak in June. The sharp decline in prices has burst the bubble in high-yield debt which has increased the turbulence in the credit markets while pushing global equities into a tailspin. Even so, the roiled markets and spreading contagion have not deterred Washington from pursuing its reckless plan, a plan which uses Riyadh’s stooge-regime to prosecute Washington’s global resource war. Here’s a brief summary from an article by F. William Engdahl titled “The Secret Stupid Saudi-US Deal on Syria”:
“The details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil. Details were concluded in the September meeting by US Secretary of State John Kerry and the Saudi King…
..the kingdom of Saudi Arabia, has been flooding the market with deep discounted oil, triggering a price war within OPEC… The Saudis are targeting sales to Asia for the discounts and in particular, its major Asian customer, China where it is reportedly offering its crude for a mere $50 to $60 a barrel rather than the earlier price of around $100. That Saudi financial discounting operation in turn is by all appearance being coordinated with a US Treasury financial warfare operation, via its Office of Terrorism and Financial Intelligence, in cooperation with a handful of inside players on Wall Street who control oil derivatives trading. The result is a market panic that is gaining momentum daily. China is quite happy to buy the cheap oil, but her close allies, Russia and Iran, are being hit severely…
According to Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center, the dramatic price collapse is being deliberately caused by the Saudis, OPEC’s largest producer. The public reason claimed is to gain new markets in a global market of weakening oil demand. The real reason, according to Abanmy, is to put pressure on Iran on her nuclear program, and on Russia to end her support for Bashar al-Assad in Syria….More than 50% of Russian state revenue comes from its export sales of oil and gas. The US-Saudi oil price manipulation is aimed at destabilizing several strong opponents of US globalist policies. Targets include Iran and Syria, both allies of Russia in opposing a US sole Superpower. The principal target, however, is Putin’s Russia, the single greatest threat today to that Superpower hegemony. (The Secret Stupid Saudi-US Deal on Syria, F. William Engdahl, BFP)
The US must achieve its objectives in Central Asia or forfeit its top-spot as the world’s only superpower. This is why US policymakers have embarked on such a risky venture. There’s simply no other way to sustain the status quo which allows the US to impose its own coercive dollar system on the world, a system in which the US exchanges paper currency produced-at-will by the Central Bank for valuable raw materials, manufactured products and hard labor. Washington is prepared to defend this extortionist petrodollar recycling system to the end, even if it means nuclear war.
How Flooding the Market Adds to Instability
The destructive and destabilizing knock-on effects of this lunatic plan are visible everywhere. Plummeting oil prices are making it harder for energy companies to get the funding they need to roll over their debt or maintain current operations. Companies borrow based on the size of their reserves, but when prices tumble by nearly 50 percent–as they have in the last six months– the value of those reserves falls sharply which cuts off access to the market leaving CEO’s with the dismal prospect of either selling assets at firesale prices or facing default. If the problem could be contained within the sector, there’d be no reason for concern. But what worries Wall Street is that a surge in energy company failures could ripple through the financial system and wallop the banks. Despite six years of zero rates and monetary easing, the nation’s biggest banks are still perilously undercapitalized, which means that a wave of unexpected bankruptcies could be all it takes to collapse the weaker institutions and tip the system back into crisis. Here’s an excerpt from a post at Automatic Earth titled “Will Oil Kill the Zombies?”:
“If prices fall any further, it would seem that most of the entire shale edifice must of necessity crumble to the ground. And that will cause an absolute earthquake in the financial world, because someone supplied the loans the whole thing leans on. An enormous amount of investors have been chasing high yield, including many institutional investors, and they’re about to get burned something bad….. if oil keeps going the way it has lately, the Fed may instead have to think about bailing out the big Wall Street banks once again.” (Will Oil Kill the Zombies?, Raúl Ilargi Meijer, Automatic Earth)
The problem with falling oil prices is not just mounting deflation or droopy profits; it’s the fact that every part of the industry–exploration, development and production — is propped atop a mountain of red ink (junk bonds). When that debt can no longer be serviced or increased, then the primary lenders (counterparties and financial institutions) sustain heavy losses which domino through the entire system. Take a look at this from Marketwatch:
“There’s ‘no question’ that for energy companies with a riskier debt profile the high-yield debt market “is essentially shut down at this stage,” and there are signs that further pain could hit the sector, ” senior fixed-income strategist at U.S. Bank Wealth Management, Dan Heckman told Marketwatch. “We are getting to the point that it is becoming very concerning.” (Marketwatch)
When energy companies lose access to the market and are unable to borrow at low rates, it’s only a matter of time before they trundle off to extinction.
On Friday, the International Energy Agency (IEA) renewed pressure on prices by lowering its estimate for global demand for oil in 2015. The announcement immediately sent stocks into a nosedive. The Dow Jones Industrial Average (DJIA) lost 315 points by the end of the day, while, according to Bloomberg, more than “$1 trillion was erased from the value of global equities in the week”.
The world is awash in cheap petroleum which is wreaking havoc on domestic shale producers that need prices of roughly $70 per barrel to break-even. With West Texas Intermediate (WTI) presently headed south of 60 bucks–and no bottom in sight–these smaller producers are sure to get clobbered. Pension funds, private equity, banks, and other investors who gambled on these dodgy energy-related junk bonds are going to get their heads handed to them in the months ahead.
The troubles in the oil patch are mainly attributable to the Fed’s easy money policies. By dropping rates to zero and flooding the markets with liquidity, the Fed made it possible for every Tom, Dick and Harry to borrow in the bond market regardless of the quality of the debt. No one figured that the bottom would drop out leaving an entire sector high and dry. Everyone thought the all-powerful Fed could print its way out of any mess. After last week’s bloodbath, however, they’re not nearly as confident. Here’s how Bloomberg sums it up:
“The danger of stimulus-induced bubbles is starting to play out in the market for energy-company debt….Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. With oil prices plunging, investors are questioning the ability of some issuers to meet their debt obligations…
The Fed’s decision to keep benchmark interest rates at record lows for six years has encouraged investors to funnel cash into speculative-grade securities to generate returns, raising concern that risks were being overlooked. A report from Moody’s Investors Service this week found that investor protections in corporate debt are at an all-time low, while average yields on junk bonds were recently lower than what investment-grade companies were paying before the credit crisis.” (Fed Bubble Bursts in $550 Billion of Energy Debt: Credit Markets, Bloomberg)
The Fed’s role in this debacle couldn’t be clearer. Investors piled into these dodgy debt-instruments because they thought Bernanke had their back and would intervene at the first sign of trouble. Now that the bubble has burst and the losses are piling up, the Fed is nowhere to be seen.
In the last week, falling oil prices have started to impact the credit markets where investors are ditching debt on anything that looks at all shaky. The signs of contagion are already apparent and likely to get worse. Investors fear that if they don’t hit the “sell” button now, they won’t be able to find a buyer later. In other words, liquidity is drying up fast which is accelerating the rate of decline. Naturally, this has affected US Treasuries which are still seen as “risk free”. As investors increasingly load up on USTs, long-term yields have been pounded into the ground like a tentpeg. As of Friday, the benchmark 10-year Treasury checked in at a miniscule 2.08 percent, the kind of reading one would expect in the middle of a Depression.
The Saudi-led insurgency has reversed the direction of the market, put global stocks into a nosedive and triggered a panic in the credit markets. And while the financial system edges closer to a full-blown crisis every day, policymakers in Washington have remained resolutely silent on the issue, never uttering as much as a peep of protest for a Saudi policy that can only be described as a deliberate act of financial terrorism.
Why is that? Why have Obama and Co. kept their mouths shut while oil prices have plunged, domestic industries have been demolished, and stocks have gone off a cliff? Could it be that they’re actually in cahoots with the Saudis and that it’s all a big game designed to annihilate enemies of the glorious New World Order?
It certainly looks that way.
Shale Leads The Way…
Crude oil prices dipped lower on Wednesday pushing down yields on US Treasuries and sending stocks down sharply. The 30-year UST slipped to a Depression era 2.83 percent while all three major US indices plunged into the red. The Dow Jones Industrial Average (DJIA) led the retreat losing a hefty 268 points before the session ended. The proximate cause of Wednesday’s bloodbath was news that OPEC had reduced its estimate of how much oil it would need to produce in 2015 to meet weakening global demand. According to USA Today:
“OPEC lowered its projection for 2015 production to 28.9 million barrels a day, or about 300,000 fewer than previously forecast, and a 12-year low…. That’s about 1.15 million barrels a day less than the cartel pumped last month, when OPEC left unchanged its 30 million barrel daily production quota…
The steep decline in crude price raises fears that small exploration and production companies could go out of business if the prices fall too low. And that, in turn, could cause turmoil among those who are lending to them: Junk-bond purchasers and smaller banks.” (USA Today)
Lower oil prices do not necessarily boost consumption or strengthen growth. Quite the contrary. Weaker demand is a sign that deflationary pressures are building and stagnation is becoming more entrenched. Also, the 42 percent price-drop in benchmark U.S. crude since its peak in June, is pushing highly-leveraged energy companies closer to the brink. If these companies cannot roll over their debts, (due to the lower prices) then many will default which will negatively impact the broader market. Here’s a brief summary from analyst Wolf Richter:
“The price of oil has plunged …and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year. Energy companies sold $50 billion in junk bonds through October, 14% of all junk bonds issued! But junk-rated energy companies trying to raise new money to service old debt or to fund costly fracking or off-shore drilling operations are suddenly hitting resistance.
And the erstwhile booming leveraged loans, the ugly sisters of junk bonds, are causing the Fed to have conniptions. Even Fed Chair Yellen singled them out because they involve banks and represent risks to the financial system. Regulators are investigating them and are trying to curtail them through “macroprudential” means, such as cracking down on banks, rather than through monetary means, such as raising rates. And what the Fed has been worrying about is already happening in the energy sector: leveraged loans are getting mauled. And it’s just the beginning…
“If oil can stabilize, the scope for contagion is limited,” Edward Marrinan, macro credit strategist at RBS Securities, told Bloomberg. “But if we see a further fall in prices, there will have to be a reaction in the broader market as problems will spill out and more segments of the high-yield space will feel the pain.”…Unless a miracle happens that will goose the price of oil pronto, there will be defaults, and they will reverberate beyond the oil patch.” (Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next, Wolf Ricter, Wolf Street)
The Fed’s low rates and QE pushed down yields on corporate debt as investors gorged on junk thinking the Fed “had their back”. That made it easier for fly-by-night energy companies to borrow tons of money at historic low rates even though their business model might have been pretty shaky. Now that oil is cratering, investors are getting skittish which has pushed up rates making it harder for companies to refinance their debtload. That means a number of these companies going to go bust, which will create losses for the investors and pension funds that bought their debt in the form of financially-engineered products. The question is, is there enough of this financially-engineered gunk piled up on bank balance sheets to start the dominoes tumbling through the system like they did in 2008?
That question was partially answered on Wednesday following OPEC’s dismal forecast which roiled stocks and send yields on risk-free US Treasuries into a nosedive. Investors ditched their stocks in a mad dash for the exits thinking that the worst is yet to come. USTs provide a haven for nervous investors looking for a safe place to hunker down while the storm passes.
Economist Jack Rasmus has an excellent piece at Counterpunch which explains why investors are so jittery. Here’s a clip from his article titled “The Economic Consequences of Global Oil Deflation”:
“Oil deflation may lead to widespread bankruptcies and defaults for various non-financial companies, which will in turn precipitate financial instability events in banks tied to those companies. The collapse of financial assets associated with oil could also have a further ‘chain effect’ on other forms of financial assets, thus spreading the financial instability to other credit markets.” (The Economic Consequences of Global Oil Deflation, Jack Rasmus, CounterPunch)
Falling oil prices typically drag other commodities prices down with them. This, in turn, hurts emerging markets that depend heavily on the sale of raw materials. Already these fragile economies are showing signs of stress from rising inflation and capital flight. In a country like Japan, however, one might think the effect would be positive since the lower yen has made imported oil more expensive. But that’s not the case. Falling oil prices increase deflationary pressures forcing the Bank of Japan to implement more extreme measures to reverse the trend and try to stimulate growth. What new and destabilizing policy will Japan’s Central Bank employ in its effort to dig its way out of recession? And the same question can be asked of Europe too, which has already endured three bouts of recession in the last five years. Here’s Rasmus again on oil deflation and global financial instability:
“Oil is not only a physical commodity bought, sold and traded on global markets; it has also become an important financial asset since the USA and the world began liberalized trading of oil commodity futures…
Just as declines in oil spills over to declines of other physical commodities…price deflation can also ‘spill over’ to other financial assets, causing their decline as well, in a ‘chain like’ effect.
That chain like effect is not dissimilar to what happened with the housing crash in 2006-08. At that time the deep contraction in the global housing sector ( a physical asset) not only ‘spilled over’ to other sectors of the real economy, but to mortgage bonds…and derivatives based upon those bonds, also crashed. The effect was to ‘spill over’ to other forms of financial assets that set off a chain reaction of financial asset deflation.
The same ‘financial asset chain effect’ could arise if oil prices continued to decline below USD$60 a barrel. That would represent a nearly 50 percent deflation in oil prices that could potentially set in motion a more generalized global financial instability event, possibly associated with a collapse of the corporate junk bond market in the USA that has fueled much of USA shale production.” (CounterPunch)
This is precisely the scenario we think will unfold in the months ahead. What Rasmus is talking about is “contagion”, the lethal spill-over from one asset class to another due to deteriorating conditions in the financial markets and too much leverage. When debts can no longer be serviced, defaults follow sucking liquidity from the system which leads to a sudden (and excruciating) repricing event. Rasmus believes that a sharp cutback in Shale gas and oil production could ignite a crash in junk bonds that will pave the way for more bank closures. Here’s what he says:
“The shake out in Shale that is coming will not occur smoothly. It will mean widespread business defaults in the sector. And since much of the drilling has been financed with risky high yield corporate ‘junk’ bonds, the shale shake out could translate into a financial crash of the US corporate junk bond market, which is now very over-extended, leading to regional bank busts in turn.” (CP)
The financial markets are a big bubble just waiting to burst. If Shale doesn’t do the trick, then something else will. It’s just a matter of time.
Rasmus also believes that the current oil-glut is politically motivated. Washington’s powerbrokers persuaded the Saudis to flood the market with petroleum to push down prices and crush oil-dependent Moscow. The US wants a weak and divided Russia that will comply with US plans to increase its military bases in Central Asia and allow NATO to be deployed to its western borders. Here’s Rasmus again:
“Saudi Arabia and its neocon friends in the USA are targeting both Iran and Russia with their new policy of driving down the price of oil. The impact of oil deflation is already severely affecting the Russian and Iranian economies. In other words, this policy of promoting global oil price deflation finds favor with significant political interests in the USA, who want to generate a deeper disruption of Russian and Iranian economies for reasons of global political objectives. It will not be the first time that oil is used as a global political weapon, nor the last.” (CP)
Washington’s strategy is seriously risky. There’s a good chance the plan could backfire and send stocks into freefall wiping out trillions in a flash. Then all the Fed’s work would amount to nothing.
Karma’s a bitch.
Putin Gobsmacks Obama and Euro-Leaders with Surprise Gas Deal…
On Monday, Russian President Vladimir Putin clinched a groundbreaking deal with Turkish President Recep Tayyip Erdoğan that will strengthen economic ties between the two nations and make Turkey the major hub for Russian gas in the region. Under the terms of the agreement, Russia will pump additional natural gas to locations in central Turkey and to a “hub at the Turkish-Greek border” which will eventually provide Putin with backdoor access to the lucrative EU market, although Turkey will serve as the critical intermediary. The move creates a de facto Russo-Turkey alliance that could shift the regional balance of power decisively in Moscow’s favor, thus creating another formidable hurtle for Washington’s “pivot to Asia” strategy. While the media is characterizing the change in plans (Putin has abandoned the South Stream pipeline project that would have transported gas to southern Europe) as a “diplomatic defeat” for Russia, the opposite appears to be the case. Putin has once again outmaneuvered the US on both the energy and geopolitical fronts adding to his long list of policy triumphs. Here’s a brief summary from Andrew Korybko at Sputnik News:
“Russia has abandoned the troubled South Stream project and will now be building its replacement with Turkey. This monumental decision signals that Ankara has made its choice to reject Euro-Atlanticsm and embrace Eurasian integration.
In what may possibly be the biggest move towards multipolarity thus far,..Turkey, has done away with its former Euro-Atlantic ambitions. A year ago, none of this would have been foreseeable, but the absolute failure of the US’ Mideast policy and the EU’s energy one made this stunning reversal possible in under a year. Turkey is still anticipated to have some privileged relations with the West, but the entire nature of the relationship has forever changed as the country officially engages in pragmatic multipolarity.
Turkey’s leadership made a major move by sealing such a colossal deal with Russia in such a sensitive political environment, and the old friendship can never be restored…The reverberations are truly global.” (“Cold Turkey: Ankara Buckles Against Western Pressure, Turns to Russia”, Sputnik News)
Korybko seems to be alone in grasping the magnitude of what happened in Ankara on Monday, although –judging by the Obama administration’s silence on the topic–the gravity of the transaction is beginning to sink in. Grandmaster Vlad’s latest move has caught US powerbrokers flat-footed and left them speechless. This is a scenario that no one had anticipated and, if it’s not handled correctly, could turn out to be a real nightmare. Here’s more on Monday’s press conference from Russia Today:
“Putin said that Russia is ready to build a new pipeline to meet Turkey’s growing gas demand, which may include a special hub on the Turkish-Greek border for customers in southern Europe.
For now, the supply of Russian gas to Turkey will be raised by 3 billion cubic meters via the already operating Blue Stream pipeline…Moscow will also reduce the gas price for Turkish customers by 6 percent from January 1, 2015, Putin said.
“We are ready to further reduce gas prices along with the implementation of our joint large-scale projects,” he added.” (“Putin: Russia forced to withdraw from S. Stream project due to EU stance”, RT)
How can this happen? How can Putin waltz into Ankara, scribble his name on a few sheets of paper, and abscond with a key US ally right under Washington’s nose? Isn’t there anyone at the White House who’s smart enough to anticipate a scenario like this or have they all been replaced with warmongering ding-dongs like Susan Rice and Samantha Powers?
The Obama administration has been doing everything in its power to control the flow of gas from east to west and to undermine Russian-EU economic integration. Now it looks like the nimble Putin has found a way to avoid the economic sanctions, (Turkey rejected sanctions on Russia) avoid US coercion and blackmail (which was used on Bulgaria, Hungary, and Serbia), and avoid Washington’s endless belligerence and hostility, and achieve his objectives at the same time. But– then again– isn’t that what you’d expect from a level-headed martial arts pro like Putin?
“I won’t beat you,” says Bad Vlad. “I’ll let you to beat yourself.”
And, so he has. Just ask the befuddled Obama who has yet to prevail in any of his encounters with Putin.
But why the silence? Why hasn’t the White House issued a statement about the big Russian-Turkey gas deal that everyone’s talking about?
I’ll tell you why. It’s because they don’t know what the hell just hit them, that’s why. They were completely blindsided by the announcement and can’t quite figure out what it means for the issues that are on the very top of their foreign policy agenda, like the pivot to Asia, or the wars in Syria and Ukraine, or the much-ballyhooed gas pipeline from Qatar to the EU, that was supposed to transit– you guessed it– Turkey. Is that plan still in the works or has the Putin-Erdogan alliance put the kibosh on that gem too? Let’s face it, Putin has really knocked it out of the park this time. Team Obama is clearly out of its league and has no idea of what’s going on. If Turkey turns eastward and joins the growing Russian bloc, US policymakers are going to have to scrap the better part of their strategic plans for the coming century and go back to Square 1. What a headache.
There’s a good article in Wednesday’s New York Times that summarizes Washington’s ambivalence towards South Stream perfectly. Here’s an excerpt:
“Moscow has long presented the project, proposed in 2007, as making good business sense because it would provide a new route for Russian gas to reach Europe. Washington and Brussels have opposed the project on the grounds that it was a vehicle for cementing Russian influence over southern Europe and for bypassing Ukraine, whose price disputes with Gazprom twice interrupted supplies to Europe in recent years.”
Putin’s Surprise Call to Scrap South Stream Gas Pipeline Leaves Europe Reeling”, New York Times)
This has been the argument from the get-go, that selling gas to people in the EU somehow strengthens Putin’s maniacal grip on the continent. What a joke. Would you, dear reader, be willing turn off the heat, tear up your energy bill, and freeze to death in the dark to prove to your gas company that you’re not willing to capitulate to their tyrannical rule?
Of course not, because the idea is ridiculous. Just like blocking South Stream is ridiculous. Putin is selling gas, not tyranny. He doesn’t want people clicking their heels and goosestepping to work. That’s just propaganda from the people in the oil industry who lost the competition for supplying fuel to the EU. Call it sour grapes if you want, because that’s what it is. Their pipeline failed, (Nabucco) and Putin’s won. End of story. It’s called capitalism. Deal with it.
And here’s another thing: The countries that South Stream would have served, do not have a back-up supplier to meet their growing gas needs. So by following Washington’s lead, they’ve basically shot themselves in the foot. Analysts figure that any replacement for Russian gas will probably be 30 percent more expensive then they would have paid Gazprom.
Hurrah for the US! Hurrah for stupidity!
The US has been determined to sabotage South Stream from the very beginning, mainly because Washington wants its corporations and banks to control the flow of gas to the EU market through privately-owned pipelines in Ukraine. That way they can rake in bigger profits for their moneybags shareholders. Without going into too much detail about the various methods the US has used to torpedo the project, there’s one story that’s worth a look. This is from Zero Hedge:
“…two months before the Ukraine government was overthrown the prime minister of Bulgaria, Plamen Oresharski, ordered a halt to work on the South Stream on the recommendation of the EU. The decision was announced after his talks with US senators.
“At this time there is a request from the European Commission, after which we’ve suspended the current works, I ordered it,” Oresharski told journalists after meeting with John McCain, Chris Murphy and Ron Johnson during their visit to Bulgaria on Sunday. “Further proceedings will be decided after additional consultations with Brussels.”
At the time McCain, commenting on the situation, said that “Bulgaria should solve the South Stream problems in collaboration with European colleagues,” adding that in the current situation they would want “less Russian involvement” in the project.
“America has decided that it wants to put itself in a position where it excludes anybody it doesn’t like from countries where it thinks it might have an interest, and there is no economic rationality in this at all,” (said)Ben Aris, editor of Business New Europe told RT.” (“Europe Gives Bulgaria A Bank System Lifeline As Battle Over “South Stream” Pipeline Heats Up”, Zero Hedge)
Let me get this straight: Madman McCain strolls into town and immediately starts ordering people around telling them he wants “less Russian involvement”, and that’s enough to bring South Stream to a screeching halt? Is that what you’re telling me?
Yep. Sure sounds like it.
Does that help you see what’s really going here? This isn’t about Putin. It’s about gas, and who’s going to profit from that gas, and in whose currency that gas will be denominated. That’s what it’s about. The rest of the nonsense about “Russian involvement” or terrorism or human rights or national sovereignty is just gibberish. The people who run this country (like McCain), don’t care about that kind of stuff. What they care about is money; money and power. That’s it.
So what are they going to do now? How are the big powerboys in Washington going to express their rage over this new threat created by Putin and Erdogan?
It doesn’t take a genius to figure that one out, after all, we’ve seen it a million times before.
They’re going to go after Erdogan hammer and tongs. That’s what they always do, isn’t it?
The only reason they haven’t started in already is because they’re getting their propaganda ducks in a row, which usually takes a day or two. But as soon as that’s taken care of, they’ll start dismantling old Recep one excruciating headline at a time. Erdogan is going to be the new Hitler and the greatest threat to humanity the world has ever seen. You can bet on it.
Whistleblower Sibel Edmonds thinks that Washington has had-it-in for Erdogan a long time now, dating back to a dust up he had with the CIA a few years back. In any event, she gives a pretty good account of what we can expect now that Erdogan is on Washington’s enemies list. Here’s a clip from her post at Boiling Frogs:
“We all know what happens to those puppets when they end up in a rift with the CIA. Don’t we? The rift always brings expiration. Once a puppet is considered expired, then lo and behold, all of a sudden, the reversal branding and marketing begins: All old skeletons are dug out of the deep closets and leaked to the media. His previously overlooked human rights violations are looked at and scrutinized under a microscope. The terrorist card is brought into the equation. And the list goes on…
… All Empire-installed puppets and regimes must commit to the Empire’s commandments….Thou shall not violate the Imperial commandments. Because if you do, thou shall be disgraced, exposed, uninstalled, and may even be given death. All you have to do is look at the past century’s history. See what happens when an installed puppet gets too confident and inflicted with hubris, and ignores one or more commandments. This is when they are reborn as dictators, despots, torturers, and yes, terrorists. This is when their backyards get dug up to find a few grams of weapons of mass destruction.”…
No matter how we look at it Erdogan’s days are numbered … Anyone who ever dares to be this reckless will be punished and made an example for all other installed-puppets…” (“Turkish PM Erdogan: The Speedy Transformation of an Imperial Puppet”, BFP)
So there it is. That’s what you can expect by the end of the week when the media starts their full-throttle demonizing of Erdogan, the man who dared to act independently and put the interests of his own people above those of the Washington mob bosses. As anyone who’s followed US foreign policy for the last 60 years will tell you; that’s a big no-no.
Ukraine War Driven by Gas-Dollar Link…
“The Fed’s ‘need’ to take on an even more active role as foreigners further slow the purchases of our paper is to put the pedal to the metal on the currency debasement race now being run in the developed world — a race which is speeding us all toward the end of the present currency regime.” Stephanie Pomboy, MacroMavens
“No matter what our Western counterparts tell us, we can see what’s going on. NATO is blatantly building up its forces in Eastern Europe, including the Black Sea and the Baltic Sea areas. Its operational and combat training activities are gaining in scale.” Russian President Vladimir Putin
If there was a way the United States could achieve its long-term strategic objectives and, at the same time, avoid a war with Russia, it would do so. Unfortunately, that is not an option, which is why there’s going to be a clash between the two nuclear-armed adversaries sometime in the near future.
Let me explain: The Obama administration is trying to rebalance US policy in a way that shifts the focus of attention from the Middle East to Asia, which is expected to be the fastest growing region in the coming century. This policy-change is called the “pivot” to Asia. In order to benefit from Asia’s surge of growth, the US plans to beef up its presence on the continent, expand its military bases, strengthen bilateral alliances and trade agreements, and assume the role of regional security kingpin. The not-so-secret purpose of the policy is China “containment”, that is, Washington wants to preserve its position as the world’s only superpower by controlling China’s explosive growth. (The US wants a weak, divided China that will do what it’s told.)
In order to achieve its goals in Asia, the US needs to push NATO further eastward, tighten its encirclement of Russia, and control the flow of oil and gas from east to west. These are the necessary preconditions for establishing US hegemonic rule over the continent. And this is why the Obama administration is so invested in Kiev’s blundering junta-government; it’s because Washington needs Poroshenko’s neo Nazi shock troops to draw Russia into a conflagration in Ukraine that will drain its resources, discredit Putin in the eyes of his EU trading partners, and create the pretext for deploying NATO to Russia’s western border.
The idea that Obama’s proxy army in Ukraine is defending the country’s sovereignty is pure bunkum. What’s going on below the surface is the US is trying to stave off irreversible economic decline and an ever-shrinking share of global GDP through military force. What we’re seeing in Ukraine today, is a 21st century version of the Great Game implemented by political fantasists and Koolaid drinkers who think they can turn the clock back to the post WW2 heyday of the US Empire when the world was America’s oyster. Thankfully, that period is over.
Keep in mind, the glorious US military has spent the last 13 years fighting sheep herders in flip-flops in Afghanistan in a conflict that, at best, could be characterized as a stalemate. And now the White House wants to take on Russia?
Can you appreciate the insanity of the policy?
This is why Secretary of Defense Chuck Hagel was sacked last week, because he wasn’t sufficiently eager to pursue this madcap policy of escalating the wars in Afghanistan, Iraq, Syria and Ukraine. Everyone knows it’s true, the administration hasn’t even tried to deny it. They’d rather stick with foam-at-the-mouth buffoons, like Susan Rice and Samantha Powers, then a decorated veteran who has more credibility and intelligence in his little finger than Obama’s whole National Security team put together.
So now Obama is completely surrounded by rabid warmongering imbeciles, all of whom ascribe to the same fairytale that the US is going to dust-off Russia, remove Assad, redraw the map of the Middle East, control the flow of gas and oil from the ME to markets in the EU, and establish myriad beachheads across Asia where they can keep a tight grip on China’s growth.
Tell me, dear reader, doesn’t that strike you as a bit improbable?
But, of course, the Obama claque think it’s all within their grasp, because, well, because that’s what they’ve been told to think, and because that’s what the US has to do if it wants to maintain its exalted position as the world’s lone superpower when its economic significance in the world is steadily declining. You see, here’s the thing: The exceptional nation is becoming more unexceptional all the time, and that’s what has the political class worried, because they see the handwriting on the wall, and the writing says, “Enjoy it while it lasts, buddy, cuz you ain’t gonna be numero uno much longer.”
And the US has allies in this wacky crusade too, notably Israel and Saudi Arabia. The Saudis have been particularly helpful lately by flooding the market with oil to push down prices and crush the Russian economy. (On Friday, Benchmark crude oil prices plummeted to a four-year low, with Brent crude sinking to $69.11 a barrel.) The Obama administration is using the classic one-two punch of economic sanctions and plunging oil revenues to bully Moscow into withdrawing from Crimea so Washington can move its nuclear arsenal to within spitting distance of Moscow. Here’s a bit of background from the Guardian:
“Think about how the Obama administration sees the state of the world. It wants Tehran to come to heel over its nuclear programme. It wants Vladimir Putin to back off in eastern Ukraine. But after recent experiences in Iraq and Afghanistan, the White House has no desire to put American boots on the ground. Instead, with the help of its Saudi ally, Washington is trying to drive down the oil price by flooding an already weak market with crude. As the Russians and the Iranians are heavily dependent on oil exports, the assumption is that they will become easier to deal with.
John Kerry, the US secretary of state, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it would normally have been rising.” (Stakes are high as US plays the oil card against Iran and Russia, Larry Eliot, Guardian)
And here’s more from Salon’s Patrick L. Smith at Salon:
“Less than a week after the Minsk Protocol was signed, Kerry made a little-noted trip to Jeddah to see King Abdullah at his summer residence. When it was reported at all, this was put across as part of Kerry’s campaign to secure Arab support in the fight against the Islamic State.
Stop right there. That is not all there was to the visit, my trustworthy sources tell me. The other half of the visit had to do with Washington’s unabated desire to ruin the Russian economy. To do this, Kerry told the Saudis 1) to raise production and 2) to cut its crude price. Keep in mind these pertinent numbers: The Saudis produce a barrel of oil for less than $30 as break-even in the national budget; the Russians need $105.
Shortly after Kerry’s visit, the Saudis began increasing production, sure enough — by more than 100,000 barrels daily during the rest of September, more apparently to come…
Think about this. Winter is coming, there are serious production outages now in Iraq, Nigeria, Venezuela and Libya, other OPEC members are screaming for relief, and the Saudis make back-to-back moves certain to push falling prices still lower? You do the math, with Kerry’s unreported itinerary in mind, and to help you along I offer this from an extremely well-positioned source in the commodities markets: “There are very big hands pushing oil into global supply now,” this source wrote in an e-mail note the other day.” (What Really Happened in Beijing: Putin, Obama, Xi And The Back Story The Media Won’t Tell You, Patrick L. Smith, Salon)
The Obama team managed to persuade our good buddies the Saudis to flood the market with oil, drive down prices, and put the Russian economy into a nosedive. At the same time, the US has intensified its economic sanctions, done everything in its power to sabotage Gazprom’s South Stream pipeline (that would bypass Ukraine and deliver natural gas to Europe via a southern route), and cajole the Ukrainian parliament into auctioning off 49 percent of the leasing rights and underground storage facilities to privately-owned foreign corporations.
How do you like that? So the US has launched a full-blown economic war against Russia that’s been completely omitted in the western media. Are you surprised?
Washington is determined to block further Russo-EU economic integration in order to collapse the Russian economy and put foreign capital in control of regional energy distribution. It’s all about the pivot. The big money guys figure the US has to pivot to Asia to be a player in the next century. All of these unprovoked attacks on Moscow are based on that one lunatic strategy.
But aren’t people in the EU going to be angry when they can’t get the energy they need (at the prices they want) to run their businesses and heat their homes?
Washington doesn’t think so. Washington thinks its allies in the Middle East can meet the EU’s energy needs without any difficulty. Check out this clip from an article by analyst F. William Engdahl:
“…details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil. ….
On September 11, US Secretary of State Kerry met Saudi King Abdullah at his palace on the Red Sea. The King invited former head of Saudi intelligence, Prince Bandar to attend. There a deal was hammered out which saw Saudi support for the Syrian airstrikes against ISIS on condition Washington backed the Saudis in toppling Assad, a firm ally of Russia and de facto of Iran and an obstacle to Saudi and UAE plans to control the emerging EU natural gas market and destroy Russia’s lucrative EU trade. A report in the Wall Street Journal noted there had been “months of behind-the-scenes work by the US and Arab leaders, who agreed on the need to cooperate against Islamic State, but not how or when.
The process gave the Saudis leverage to extract a fresh US commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority.”
(The Secret Stupid Saudi-US Deal on Syria, F. William Engdahl, BFP)
So the wars in Ukraine and Syria are not really separate conflicts at all. They’re both part of the same global resource war the US has been prosecuting for the last decade and a half. The US plans to cut off the flow of Russian gas and replace it with gas from Qatar which will flow through Syria and onto the EU market after Assad is toppled.
Here’s what’s going on: Syria’s troubles began shortly after it announced that it was going to be part of an “Islamic pipeline” that would transfer natural gas from the South Pars gas field off the coast of Iran across Iraq and Syria, eventually connecting to Greece and the lucrative EU market. According to author Dmitri Minin:
“A gas pipeline from Iran would be highly profitable for Syria. Europe would gain from it as well, but clearly someone in the West didn’t like it. The West’s gas-supplying allies in the Persian Gulf weren’t happy with it either, nor was would-be no. 1 gas transporter Turkey, as it would then be out of the game.” (The Geopolitics of Gas and the Syrian Crisis: Syrian “Opposition” Armed to Thwart Construction of Iran-Iraq-Syria Gas Pipeline, Dmitri Minin, Global Research)
Two months after Assad signed the deal with Iraq and Iran, the rebellion broke out in Syria. That’s quite a coincidence, don’t you think? Funny how frequently those kinds of things happen when foreign leaders don’t march to Washington’s tune.
Here’s more from Minin:
“Qatar is doing all it can to thwart the construction of the pipeline, including arming the opposition fighters in Syria, many of whom come from Saudi Arabia, Pakistan and Libya…
The Arabic newspaper Al-Akhbar cites information according to which there is a plan approved by the U.S. government to create a new pipeline for transporting gas from Qatar to Europe involving Turkey and Israel…
This new pipeline is to begin in Qatar, cross Saudi territory and then the territory of Jordan, thus bypassing Shiite Iraq, and reach Syria. Near Homs the pipeline is to branch in three directions: to Latakia, Tripoli in northern Lebanon, and Turkey. Homs, where there are also hydrocarbon reserves, is the project’s main crossroads, and it is not surprising… that the fiercest fighting is taking place. Here the fate of Syria is being decided. The parts of Syrian territory where detachments of rebels are operating with the support of the U.S., Qatar and Turkey, that is, the north, Homs and the environs of Damascus, coincide with the route that the pipeline is to follow to Turkey and Tripoli, Lebanon. A comparison of a map of armed hostilities and a map of the Qatar pipeline route indicates a link between armed activities and the desire to control these Syrian territories. Qatar’s allies are trying to accomplish three goals: to break Russia’s gas monopoly in Europe; to free Turkey from its dependence on Iranian gas; and to give Israel the chance to export its gas to Europe by land at less cost.”
How do you like that; another coincidence: “The fiercest fighting (in Syria) is taking place” where there’s massive “hydrocarbon reserves” and along the planned pipeline route.
So the conflict in Syria isn’t really about terrorism at all. It’s about natural gas, competing pipelines and access to markets in the EU. It’s about money and power. The whole ISIS-thing is a big hoax to conceal what’s really going on, which is a global war for resources, more blood for oil.
But how does the US benefit from all of this, after all, won’t the gas revenues go to Qatar and the transit countries rather than the US?
Yep, they sure will. But the gas will also be denominated in dollars which will shore up demand for USDs thus perpetuating the petrodollar recycling system which creates a vast market for US debt and which helps to keep US stocks and bonds in the nosebleed section. And that’s what this is all about, preserving dollar supremacy by forcing nations to hold excessive amounts of USDs to use in their energy transactions and to service their dollar-denominated debts.
As long as Washington can control the world’s energy supplies and force the world to trade in dollars, it can spend well in excess of what it produces and not be held to account. It’s like having a credit card you never have to pay off.
That’s a racket Uncle Sam is prepared to defend with everything he’s got, even nukes.
“Russia reinforced what Western and Ukrainian officials described as a stealth invasion on Wednesday [August 27], sending armored troops across the border as it expanded the conflict to a new section of Ukrainian territory. The latest incursion, which Ukraine’s military said included five armored personnel carriers, was at least the third movement of troops and weapons from Russia across the southeast part of the border this week.”
None of the photos accompanying this New York Times story online showed any of these Russian troops or armored vehicles.
“The Obama administration,” the story continued, “has asserted over the past week that the Russians had moved artillery, air-defense systems and armor to help the separatists in Donetsk and Luhansk. ‘These incursions indicate a Russian-directed counteroffensive is likely underway’, Jen Psaki, the State Department spokeswoman, said. At the department’s daily briefing in Washington, Ms. Psaki also criticized what she called the Russian government’s ‘unwillingness to tell the truth’ that its military had sent soldiers as deep as 30 miles inside Ukraine territory.”
Thirty miles inside Ukraine territory and not a single satellite photo, not a camera anywhere around, not even a one-minute video to show for it. “Ms. Psaki apparently [sic] was referring to videos of captured Russian soldiers, distributed by the Ukrainian government.” The Times apparently forgot to inform its readers where they could see these videos.
“The Russian aim, one Western official said, may possibly be to seize an outlet to the sea in the event that Russia tries to establish a separatist enclave in eastern Ukraine.”
This of course hasn’t taken place. So what happened to all these Russian soldiers 30 miles inside Ukraine? What happened to all the armored vehicles, weapons, and equipment?
“The United States has photographs that show the Russian artillery moved into Ukraine, American officials say. One photo dated last Thursday, shown to a New York Times reporter, shows Russian military units moving self-propelled artillery into Ukraine. Another photo, dated Saturday, shows the artillery in firing positions in Ukraine.”
Where are these photographs? And how will we know that these are Russian soldiers? And how will we know that the photos were taken in Ukraine? But most importantly, where are the fucking photographs?
Why am I so cynical? Because the Ukrainian and US governments have been feeding us these scare stories for eight months now, without clear visual or other evidence, often without even common sense. Here are a few of the many other examples, before and after the one above:
- The Wall Street Journal (March 28) reported: “Russian troops massing near Ukraine are actively concealing their positions and establishing supply lines that could be used in a prolonged deployment, ratcheting up concerns that Moscow is preparing for another [sic] major incursion and not conducting exercises as it claims, US officials said.”
- “The Ukrainian government charged that the Russian military was not only approaching but had actually crossed the border into rebel-held regions.” (Washington Post, November 7)
- “U.S. Air Force Gen. Philip M. Breedlove told reporters in Bulgaria that NATO had observed Russian tanks, Russian artillery, Russian air defense systems and Russian combat troops enter Ukraine across a completely wide-open border with Russia in the previous two days.” (Washington Post, November 13)
- “Ukraine accuses Russia of sending more soldiers and weapons to help rebels prepare for a new offensive. The Kremlin has repeatedly denied aiding the separatists.” (Reuters, November 16)
Since the February US-backed coup in Ukraine, the State Department has made one accusation after another about Russian military actions in Eastern Ukraine without presenting any kind of satellite imagery or other visual or documentary evidence; or they present something that’s very unclear and wholly inconclusive, such as unmarked vehicles, or unsourced reports, or citing “social media”; what we’re left with is often no more than just an accusation. The Ukrainian government has matched them.
On top of all this we should keep in mind that if Moscow decided to invade Ukraine they’d certainly provide air cover for their ground forces. There has been no mention of air cover.
This is all reminiscent of the numerous stories in the past three years of “Syrian planes bombing defenseless citizens”. Have you ever seen a photo or video of a Syrian government plane dropping bombs? Or of the bombs exploding? When the source of the story is mentioned, it’s almost invariably the rebels who are fighting against the Syrian government. Then there’s the “chemical weapon” attacks by the same evil Assad government. When a photo or video has accompanied the story I’ve never once seen grieving loved ones or media present; not one person can be seen wearing a gas mask. Is it only children killed or suffering? No rebels?
And then there’s the July 17 shootdown of Malaysia Flight MH17, over eastern Ukraine, taking 298 lives, which Washington would love to pin on Russia or the pro-Russian rebels. The US government – and therefore the US media, the EU, and NATO – want us all to believe it was the rebels and/or Russia behind it. The world is still waiting for any evidence. Or even a motivation. Anything at all. President Obama is not waiting. In a talk on November 15 in Australia, he spoke of “opposing Russia’s aggression against Ukraine – which is a threat to the world, as we saw in the appalling shoot-down of MH17”. Based on my reading, I’d guess that it was the Ukranian government behind the shootdown, mistaking it for Putin’s plane that reportedly was in the area.
Can it be said with certainty that all the above accusations were lies? No, but the burden of proof is on the accusers, and the world is still waiting. The accusers would like to create the impression that there are two sides to each question without actually having to supply one of them.
The United States punishing Cuba
For years American political leaders and media were fond of labeling Cuba an “international pariah”. We haven’t heard that for a very long time. Perhaps one reason is the annual vote in the United Nations General Assembly on the resolution which reads: “Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba”. This is how the vote has gone (not including abstentions):
|Year||Votes (Yes-No)||No Votes|
|1993||88-4||US, Israel, Albania, Paraguay|
|1995||117-3||US, Israel, Uzbekistan|
|1996||138-3||US, Israel, Uzbekistan|
|1997||143-3||US, Israel, Uzbekistan|
|2000||167-3||US, Israel, Marshall Islands|
|2001||167-3||US, Israel, Marshall Islands|
|2002||173-3||US, Israel, Marshall Islands|
|2003||179-3||US, Israel, Marshall Islands|
|2004||179-4||US, Israel, Marshall Islands, Palau|
|2005||182-4||US, Israel, Marshall Islands, Palau|
|2006||183-4||US, Israel, Marshall Islands, Palau|
|2007||184-4||US, Israel, Marshall Islands, Palau|
|2008||185-3||US, Israel, Palau|
|2009||187-3||US, Israel, Palau|
|2012||188-3||US, Israel, Palau|
This year Washington’s policy may be subject to even more criticism than usual due to the widespread recognition of Cuba’s response to the Ebola outbreak in Africa.
Each fall the UN vote is a welcome reminder that the world has not completely lost its senses and that the American empire does not completely control the opinion of other governments.
Speaking before the General Assembly before last year’s vote, Cuban Foreign Minister Bruno Rodriguez declared: “The economic damages accumulated after half a century as a result of the implementation of the blockade amount to $1.126 trillion.” He added that the blockade “has been further tightened under President Obama’s administration”, some 30 US and foreign entities being hit with $2.446 billion in fines due to their interaction with Cuba.
However, the American envoy, Ronald Godard, in an appeal to other countries to oppose the resolution, said:
The international community … cannot in good conscience ignore the ease and frequency with which the Cuban regime silences critics, disrupts peaceful assembly, impedes independent journalism and, despite positive reforms, continues to prevent some Cubans from leaving or returning to the island. The Cuban government continues its tactics of politically motivated detentions, harassment and police violence against Cuban citizens.
So there you have it. That is why Cuba must be punished. One can only guess what Mr. Godard would respond if told that more than 7,000 people were arrested in the United States during the Occupy Movement’s first 8 months of protest in 2011-12 ; that many of them were physically abused by the police; and that their encampments were violently destroyed.
Does Mr. Godard have access to any news media? Hardly a day passes in America without a police officer shooting to death an unarmed person.
As to “independent journalism” – What would happen if Cuba announced that from now on anyone in the country could own any kind of media? How long would it be before CIA money – secret and unlimited CIA money financing all kinds of fronts in Cuba – would own or control most of the media worth owning or controlling?
The real reason for Washington’s eternal hostility toward Cuba has not changed since the revolution in 1959 – The fear of a good example of an alternative to the capitalist model; a fear that has been validated repeatedly over the years as many Third World countries have expressed their adulation of Cuba.
How the embargo began: On April 6, 1960, Lester D. Mallory, US Deputy Assistant Secretary of State for Inter-American Affairs, wrote in an internal memorandum: “The majority of Cubans support Castro … The only foreseeable means of alienating internal support is through disenchantment and disaffection based on economic dissatisfaction and hardship. … every possible means should be undertaken promptly to weaken the economic life of Cuba.” Mallory proposed “a line of action which … makes the greatest inroads in denying money and supplies to Cuba, to decrease monetary and real wages, to bring about hunger, desperation and overthrow of government.”
Later that year, the Eisenhower administration instituted its suffocating embargo against its everlasting enemy.
The United States judging and punishing the rest of the world
In addition to Cuba, Washington currently is imposing economic and other sanctions against Burma, Democratic Republic of the Congo, Iran, China, North Korea, South Korea, United Arab Emirates, Pakistan, Sri Lanka, Switzerland, Turkey, Germany, Malaysia, South Africa, Mexico, South Sudan, Sudan, Russia, Syria, Venezuela, India, and Zimbabwe. These are sanctions mainly against governments, but also against some private enterprises; there are also many other sanctions against individuals not included here.
Imbued with a sense of America’s moral superiority and “exceptionalism”, each year the State Department judges the world, issuing reports evaluating the behavior of all other nations, often accompanied by sanctions of one kind or another. There are different reports rating how each lesser nation has performed in the previous year in areas such as religious freedom, human rights, the war on drugs, trafficking in persons, and sponsors of terrorism. The criteria used in these reports are often political. Cuba, for example, is always listed as a sponsor of terrorism whereas anti-Castro exile groups in Florida, which have committed literally hundreds of terrorist acts over the years, are not listed as terrorist groups or supporters of such.
Cuba, which has been on the sponsor-of-terrorism list longer (since 1982) than any other country, is one of the most glaring anomalies. The most recent State Department report on this matter, in 2012, states that there is “no indication that the Cuban government provided weapons or paramilitary training to terrorist groups.” There are, however, some retirees of Spain’s Basque terrorist group ETA (which appears on the verge of disbanding) in Cuba, but the report notes that the Cuban government evidently is trying to distance itself from them by denying them services such as travel documents. Some members of the Revolutionary Armed Forces of Colombia (FARC) have been allowed into Cuba, but that was because Cuba was hosting peace talks between the FARC and the Colombian government, which the report notes.
The US sanctions mechanism is so effective and formidable that it strikes fear (of huge fines) into the hearts of banks and other private-sector organizations that might otherwise consider dealing with a listed state.
Some selected thoughts on American elections and democracy
In politics, as on the sickbed, people toss from one side to the other, thinking they will be more comfortable.
– Johann Wolfgang von Goethe (1749-1832)
- 2012 presidential election:
223,389,800 eligible to vote
128,449,140 actually voted
Obama got 65,443,674 votes
Obama was thus supported by 29.3% of eligible voters
- There are 100 million adults in the United States who do not vote. This is a very large base from which an independent party can draw millions of new votes.
- If God had wanted more of us to vote in elections, he would give us better candidates.
- “The people can have anything they want. The trouble is, they do not want anything. At least they vote that way on election day.” – Eugene Debs, American socialist leader (1855-1926)
- “If persons over 60 are the only American age group voting at rates that begin to approximate European voting, it’s because they’re the only Americans who live in a welfare state – Medicare, Social Security, and earlier, GI loans, FHA loans.” – John Powers
- “The American political system is essentially a contract between the Republican and Democratic parties, enforced by federal and state two-party laws, all designed to guarantee the survival of both no matter how many people despise or ignore them.” – Richard Reeves (1936- )
- The American electoral system, once the object of much national and international pride, has slid inexorably from “one person, one vote”, to “one dollar, one vote”.
- Noam Chomsky: “It is important to bear in mind that political campaigns are designed by the same people who sell toothpaste and cars. Their professional concern in their regular vocation is not to provide information. Their goal, rather, is deceit.”
- If the Electoral College is such a good system, why don’t we have it for local and state elections?
- “All the props of a democracy remain intact – elections, legislatures, media – but they predominantly function at the service of the oligarchy.” – Richard Wolff
- The RepDem Party holds elections as if they were auctions; indeed, an outright auction for the presidency would be more efficient. To make the auction more interesting we need a second party, which must at a minimum be granted two privileges: getting on the ballot in all 50 states and taking part in television debates.
- The US does in fact have two parties: the Ins and the Outs … the evil of two lessers.
- Alexander Cockburn: “There was a time once when ‘lesser of two evils’ actually meant something momentous, like the choice between starving to death on a lifeboat, or eating the first mate.”
- Cornel West has suggested that it’s become difficult to even imagine what a free and democratic society, without great concentrations of corporate power, would look like, or how it would operate.
- The United States now resembles a police state punctuated by elections.
- How many voters does it take to change a light bulb? None. Because voters can’t change anything.
- H.L. Mencken (1880-1956): “As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.”
- “All elections are distractions. Nothing conceals tyranny better than elections.” – Joel Hirschhorn
- In 1941, one of the country’s more acerbic editors, a priest named Edward Dowling, commented: “The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it.”
- “Elections are a necessary, but certainly not a sufficient, condition for democracy. Political participation is not just a casting of votes. It is a way of life.” – UN Human Development Report, 1993
- “If you don’t vote, you can’t complain!” I reply, “You have it backwards. If you DO vote, you can’t complain. You asked for it, and they’re going to give it to you, good and hard.”
- “How to get people to vote against their interests and to really think against their interests is very clever. It’s the cleverest ruling class that I have ever come across in history. It’s been 200 years at it. It’s superb.” – Gore Vidal
- We can’t use our democracy/our vote to change the way the economy functions. This is very anti-democratic.
- What does a majority vote mean other than that the sales campaign was successful?
- Roman Emperor Marcus Aurelius: “The opinion of 10,000 men is of no value if none of them know anything about the subject.”
- We do have representative government. The question is: Who does our government represent?
- “On the day after the 2002 election I watched a crawl on the bottom of the CNN news screen. It said, ‘Proprietary software may make inspection of electronic voting systems impossible.’ It was the final and absolute coronation of corporate rights over democracy; of money over truth.” – Mike Ruppert, RIP
- “It’s not that voting is useless or stupid; rather, it’s the exaggeration of the power of voting that has drained the meaning from American politics.” – Michael Ventura
- After going through the recent national, state and local elections, I am now convinced that taxation without representation would have been a much better system.
- “Ever since the Constitution was illegally foisted on the American people we have lived in a blatant plutocracy. The Constitution was drafted in secret by a self-appointed elite committee, and it was designed to bring three kinds of power under control: Royalty, the Church, and the People. All were to be subjugated to the interests of a wealthy elite. That’s what republics were all about. And that’s how they have functioned ever since.” – Richard K. Moore
- “As demonstrated in Russia and numerous other countries, when faced with a choice between democracy without capitalism or capitalism without democracy, Western elites unhesitatingly embrace the latter.” – Michael Parenti
- “The fact that a supposedly sophisticated electorate had been stampeded by the cynical propaganda of the day threw serious doubt on the validity of the assumptions underlying parliamentary democracy as a whole.” – British Superspy for the Soviets Kim Philby (1912-1988), explaining his reasons for becoming a Communist instead of turning to the Labour Party
- US Supreme Court Justice Louis Brandeis (1856-1941): “We may have democracy in this country, or we may have wealth concentrated in the hands of a few, but we cannot have both.”
- “We don’t need to run America like a business or like the military. We need to run America like a democracy.” – Jill Stein, Green Party presidential candidate 2012
- Democracy Now!, October 30, 2013
- Huffingfton Post, May 3, 2012
- Department of State, Foreign Relations of the United States, 1958-1960, Volume VI, Cuba(1991), p.885 (online here)
- For the complete detailed list, see U.S. Department of State, Nonproliferation Sanctions
- U.S. Department of State, “Country Reports on Terrorism 2012, Chapter 3: State Sponsors of Terrorism,” May 20, 2013
Something almost universally omitted from the discussion about the Ebola crisis in West Africa is the question how the outbreak started. The Establishment speculates that it started with infected bats but admit they have no evidence to support the contention  (somehow the bat took off on its northerly trek out of its terre natal, the Congo, skipped over the five or six countries between there and West Africa, and alighted in eastern Guinea, where it’s deadly hemorrhagic hitchhiker got off and caught another ride!). In the alternative media, the bat theory is echoed briefly in a Counterpunch article entitled “The Origins of the Ebola Crisis” before the article veers off to harp on the many shortcomings of capitalism which have aggravated the situation.
The wayward turn taken in the Counterpunch article is indicative of the silence of the alternative media in general on the subject of how the Ebola outbreak started. Only a few – most notably the curmudgeons at the Canadian site, Global Research – have pursued the issue with any diligence. This is especially surprising as there are plenty of buffs out there who can see a conspiracy in the fact the sun rises in the East every morning and the evidence that the United States war machine is behind the outbreak, while circumstantial, is more substantive than things like pegmatite bits in the Twin Towers’ debris or the starless night sky in photos taken by astronauts supposedly on the moon.
Two months before Ebola appeared in West Africa a Canadian company, Tekmira, began clinical trials on humans of their Ebola vaccine, TKM-Ebola, which they had previously tested on animals. Their self-congratulatory press release announcing the start of the trials, issued on January 14, 2014, failed to mention where the human guinea pigs resided. Nor is it stated in the National Institutes of Health description of the clinical trial (Curiously, the NIH suspended the trials in July, just when the push to come up with a vaccine went viral, so to speak). If the trials were conducted in West Africa anywhere near the place where the virus first appeared, I’d say we have a smoking gun, or, more apropos, a squirting hypodermic needle. Yet I have not heard of anyone in the media – alternative or corporate – who has asked Tekmira where they were performing the tests, which in itself is circumstantial evidence of a sort.
Further evidence lies in the almost total lack of mention of Tekmira and its human trials in the hubbub over the urgency to come up with a treatment for Ebola, including a vaccine. Even such supposedly well informed experts as William Schaffner, a specialist in infectious diseases at Vanderbilt’s School of Medicine, seems never to have heard of Tekmira, as he told the Voice of America in October there had not been a way to conduct human clinical trials until the current crisis. This despite Reuter’s having reported on Tekmira’s initiation of trials on humans in March. Do fewer people read Reuter’s dispatches than watch my public access TV show, i.e., a handful of fitful insomniacs who fell asleep with the channel on?
The fact that Tekmira was developing its vaccine under a $140 million contract with the Department of Defense does nothing to weaken the case for occult DoD shenanigans. And the contract wasn’t with the Department’s Office of Community Relations and World Peace. It was with the BioDefense Therapeutics (BDTX) Product Manager within the Medical Countermeasure Systems (JPM-MCS) branch of the Joint Program Executive Office for Chemical and Biological Defense. Can you spell “biological warfare”? Are we trying to weaponize Ebola? Have we succeeded? That the West African outbreak is qualitatively different from all previous outbreaks suggests we have.
Prior to the West African case, the greatest number killed in an Ebola epidemic had been 280 (while all eyes have been on West Africa, the Congo suffered an outbreak – now contained – in which 49 people died). The total number of cases in the current outbreak exceeds by far all the cases from 1977 to the present. Remember that we denied weaponizing anthrax until someone sent some through the mail post-9/11. Also consider that the grandfather of the Ebola virus, the Marburg virus, first appeared in the labs of the German pharmaceutical company, Hoechst, an offshoot of the Nazi-era conglomerate, IG Farben, whose managers were prosecuted at Nuremberg for testing drugs on concentration camp inmates.
There are reports (which I have been unable to confirm) that we have biological weapons labs in West Africa, including a biosecurity level 2 bioweapons research lab at the hospital in Kenema, Sierra Leone at the center of the outbreak. Is this why we sent troops to West Africa instead of doctors – to protect, or remove all trace of, our bio-warfare labs? Is this why angry mobs attacked a clinic in Guinea? Do the Guineans know better what’s going on than we Americans? Does this explain why the World Health Organization’s had a delayed response to the crisis, hoping it could be contained quietly before too many people knew about it?
More telling evidence: when the outbreak became public knowledge in March, Tekmira’s stock, which had been rising steadily, took a tumble. It plummeted from $30.94 a share in mid-March to $10.59 in mid-May. Why would Tekmira’s stock go down right when the need for their product took on the aspect of a Big Pharmacist’s wet-dream? Is this as much a sign of insiders in the know as those put options placed on American and United Airlines stock immediately prior to 9/11? Were those savvy traders afraid the truth would get out, making Tekmira’s stock worthless?
If we are responsible for the appearance of Ebola in West Africa, we owe the West Africans a lot more than the $6.2 billion Obama has committed to the fight. The blood money (literally) would total in the hundreds of billions, not tens. But the cost to the bio-warriors would, hopefully, be even greater. It might mean the end of their mad science if it provoked the all-too-trusting, kept-in-the-dark, non-bellicose public to demand a real end to all mucking around with biological weapons. The anthrax case and now, perhaps, the Ebola outbreak have made clear that existing conventions and treaties meant to accomplish this end have failed (mimicking the Great Powers ban on the use of poison gas… agreed to a decade before they all used it in World War I).
Speaking of the First World War, during the war and immediately thereafter the Spanish flu killed 3-5% of the world’s population. If Ebola was unleashed on the world by us and it killed a similar number, say, 300 million worldwide including 15 million in the USA, would we ‘fess up to it? History is not reassuring. There have been a number of instances where military-related biologic tests have gone awry without the public being any the wiser for decades. e.g, the army’s spraying of a supposedly harmless aerosol into the San Francisco sky in 1950, which resulted in at least one death and which did not become public knowledge until it was revealed in Senate hearings in 1977.
How the “Spanish” flu got its name is also instructive. The flu appeared in Great Britain, France, and the United States while World War I raged on, but fearful of the impact on public morale, the censors kept a lid on it (national security trumps everything, even the public’s health!). The flu also struck in Spain, which was neutral, so nobody worried about public morale there and the outbreak was freely reported on, forever linking Spain with one of the deadliest epidemics in history.
Whether the current Ebola outbreak can be attributed to the US military or not, so long as our Frankenstein wannabes continue to concoct, in the name of national security, scourges more biblical than anything God ever dreamed up, the possibility of an inadvertent global pandemic horrific in scale exists. That it will happen someday is as great a surety as the certainty that all those nuclear weapons the world has accumulated will someday be used, unless we get rid of them. We’re not making much progress toward nuclear disarmament but can’t we at least get the facts on what our military is up to in West Africa – especially the facts surrounding that curiously-timed human testing by Tekmira. Otherwise, the fourth horseman of the Apocalypse, loosed upon the world not by God but by ourselves, may someday ride roughshod over us on his way to Armageddon.
(By the way, I do believe Copernican theory is sufficient to explain the sun’s rising in the East, but if you have a more sinister explanation, do run it by me.)
Little Eli Waller will never grow up to be president. The four-year-old New Jersey boy will never grow up to be anything because enterovirus D68 took his life — quite possibly because a boy who did grow up to be president, but not really a man, invited the virus into our country.
How many American children have to die in deference to the Democrats’ voter-importation, demographic-warfare effort? We often hear that you have to break a few eggs to make an omelet, but how much Ebola, enterovirus D68 (EV-D68), Chagas Disease, malaria and tuberculosis is an acceptable price to pay to maintain Barack Obama’s open-borders-über-alles policy? These are relevant questions now, especially with a recent report confirming what was always just common sense:
The deadly EV-D68 epidemic in America was likely the result of Obama’s insistence on flooding our country with tens of thousands of illegal-alien minors.
Reports Neil Munro at The Daily Caller, “The evidence includes admissions from top health officials that the epidemic included multiple strains of the virus, and that it appeared simultaneously in multiple independent locations.”
This isn’t something hard to prove or disprove. All you need do is ascertain if the strain prevalent in the US is the same as one found south of the border. This is simple epidemiology, and there’s only one reason we don’t know:
The powers that be don’t want us to know.
Can you imagine the revolutionary uproar that would have ensued if, just when EV-D68 was big in the news, it had been revealed that Obama’s lawless abdication of his responsibility had led to American deaths?
Can you imagine what would be said if it were proven that Obama has blood on his hands?
And let’s consider the EV-D68 toll to this point. As Munro writes:
So far, that virus has been found in nine people — including at least three American kids — who died from illness. It has apparently inflicted unprecedented polio-like paralysis in roughly 50 kids, and it has put hundreds of young American kids into hospital emergency wards and intensive care units throughout more than 40 states. Most of the dead have not been publicly identified.
This, not to mention the toll taken by Ebola and the others diseases brought in by Obama’s strengthening diversifiers.
And how serious is the conspiracy of silence on the EV-D68 issue? Munro reports that a “series of government researchers, health experts and academics refused to comment, or else urged self-censorship, when they were pressed by TheDC for statistical and scientific data that would exonerate Obama and his deputies.” One of these is Columbia University researcher and top EV-D68 expert Rafal Tokarz, who, as he put it, “would really rather not comment.” Another is Professor Lone Simonsen, research director of George Washington University’s Global Epidemiology Program, whose cop-out was, “I would just steer away from that — it is not helpful, so why bring it up?”
Answer: because if Americans know that a given policy allowed EV-D68’s spread, they’ll realize the policy isn’t helpful and needs to be changed.
But this certainly is not helpful to Simonsen. As Munro pointed out, perpetuating the invasion of our country “is a top priority for the Democratic leaders, who have the power to make life difficult for grant-dependent American scientists who discover politically damaging information.”
Money, by the way, is part of the root of today’s scientific evil. As to the significance of this factor, consider that BMJ.com (formerly the British Medical Journal) reported in 2012, “One in seven UK based scientists or doctors has witnessed colleagues intentionally altering or fabricating data during their research or for the purposes of publication….” (In case you were wondering, this is how you get Al Gorleone’s gaggle of greedy global-warming gangsters.)
So we have here a confluence of scientific malpractice and political malpractice. And this brings us to Munro’s quoting of scientist and Enterovirus Foundation board member Nora Chapman: “Epidemics happen when populations mix, or when viruses mutate and combine to overcome peoples’ evolved immune defenses….”
Or when populations are mixed.
As when a president seeds various parts of the country with his carriers and redistributes disease. Hey, why keep the epidemic all in one place?
But don’t expend all your energy worrying about EV-D68 — save some of it for worrying about Ebola, of which scientists now predict there will be approximately 130 US cases by year’s end.
And how many next year?
How much blood will Obama have on his hands then?
If you think the ObamaCare disaster is bad, wait ’til you see the one wrought by ObamaDoesn’tCare.
Here we go again.
Last week, the country’s biggest mortgage lenders scored a couple of key victories that will allow them to ease lending standards, crank out more toxic assets, and inflate another housing bubble. Here’s what’s going on.
On Monday, the head of the Federal Housing Finance Agency (FHFA), Mel Watt, announced that Fannie and Freddie would slash the minimum down-payment requirement on mortgages from 5 percent to 3 percent while making loans more available to people with spotty credit. If this all sounds hauntingly familiar, it should. It was less than 7 years ago that shoddy lending practices blew up the financial system precipitating the deepest slump since the Great Depression. Now Watt wants to repeat that catastrophe by pumping up another credit bubble. Here’s the story from the Washington Post:
“When it comes to taking out a mortgage, two factors can stand in the way: the price of the mortgage,…and the borrower’s credit profile.”
On Monday, the head of the agency that oversees the mortgage giants Fannie Mae and Freddie Mac outlined … how he plans to make it easier for borrowers on both fronts. Mel Watt, director of the Federal Housing Finance Agency, did not give exact timing on the initiatives. But most of them are designed to encourage the industry to extend mortgages to a broader swath of borrowers.
Here’s what Watt said about his plans in a speech at the Mortgage Bankers Association annual convention in Las Vegas:
Saving enough money for a downpayment is often cited as the toughest hurdle for first-time buyers in particular. Watt said that Fannie and Freddie are working to develop “sensible and responsible” guidelines that will allow them to buy mortgages with down payments as low as 3 percent, instead of the 5 percent minimum that both institutions currently require.”
Does Watt really want to “encourage the industry to extend mortgages to a broader swath of borrowers” or is this just another scam to enrich bankers at the expense of the public? It might be worth noting at this point that Watt’s political history casts doubt on his real objectives. According to Open Secrets, among the Top 20 contributors to Watt’s 2009-2010 campaign were Goldman Sachs, Bank of America, Citigroup Inc., Bank of New York Mellon, American bankers Association, US Bancorp, and The National Association of Realtors. (“Top 20 Contributors, 2009-2010“, Open Secrets)
Man oh man, this guy’s got all of Wall Street rooting for him. Why is that, I wonder? Is it because he’s faithfully executing his office and defending the public’s interests or is it because he’s a reliable stooge who brings home the bacon for fatcat bankers and their brood?
This is such a farce, isn’t it? I mean, c’mon, do you really think that the big banks make political contributions out of the kindness of their heart or because they want something in return? And do you really think that a guy who is supported by Goldman Sachs has your “best interests” in mind? Don’t make me laugh.
The reason that Obama picked Watt was because he knew he could be trusted to do whatever Wall Street wanted, and that’s precisely what he’s doing. Smaller down payments and looser underwriting are just the beginning; teaser rates, balloon payments, and liars loans are bound to follow. In fact, there’s a funny story about credit scores in the Washington Post that explains what’s really going on behind the scenes. See if you can figure it out:
“Most housing advocates agree that a bigger bang for the buck would come from having lenders lower the unusually high credit scores that they’re now demanding from borrowers.
After the housing market tanked, Fannie and Freddie forced the industry to buy back billions of dollars in loans. In a bid to protect themselves from further financial penalties, lenders reacted by imposing credit scores that exceed what Fannie and Freddie require. Housing experts say the push to hold lenders accountable for loose lending practices of the past steered the industry toward the highest-quality borrowers, undermining the mission of Fannie and Freddie to serve the broader population, including low- to moderate- income borrowers.
Today, the average credit score on a loan backed by Fannie and Freddie is close to 745, versus about 710 in the early 2000s, according to Moody’s Analytics. And lenders say they won’t ease up until the government clarifies rules that dictate when Fannie and Freddie can take action against them.” (Washington Post)
Can you see what’s going on? The banks have been requiring higher credit scores than Fannie or Freddie.
But why? After all, the banks are in the lending business, so the more loans they issue the more money they make, right?
Right. But the banks don’t care about the short-term dough. They’d rather withhold credit and slow the economy in order to blackmail the government into doing what they want.
And what do they want?
They want looser regulations and they want to know that Fannie and Freddie aren’t going to demand their money back (“put backs”) when they sell them crappy mortgages that won’t get repaid. You see, the banks figure that once they’ve off-loaded a loan to Fannie and Freddie, their job is done. So, if the mortgage blows up two months later, they don’t think they should have to pay for it. They want the taxpayer to pay for it. That’s what they’ve been whining about for the last 5 years. And that’s what Watt is trying to fix for them. Here’s the story from Dave Dayen:
“Watt signaled to mortgage bankers that they can loosen their underwriting standards, and that Fannie and Freddie will purchase the loans anyway, without much recourse if they turn sour. The lending industry welcomed the announcement as a way to ease uncertainty and boost home purchases, a key indicator for the economy. But it’s actually a surrender to the incorrect idea that expanding risky lending can create economic growth.
Watt’s remarks come amid a concerted effort by the mortgage industry to roll back regulations meant to prevent the type of housing market that nearly obliterated the economy in 2008. Bankers have complained to the media that the oppressive hand of government prevents them from lending to anyone with less-than-perfect credit. Average borrower credit scores are historically high, and lenders make even eligible borrowers jump through enough hoops to garner publicity. Why, even Ben Bernanke can’t get a refinance done! (Actually, he could, and fairly easily, but the anecdote serves the industry’s argument.)
(“The Mortgage Industry Is Strangling the Housing Market and Blaming the Government“, Dave Dayen, The New Republic)
Can you see what a fraud this is? 6 years have passed since Lehman crashed and the scum-sucking bankers are still fighting tooth-and-nail to unwind the meager provisions that have been put in place to avoid another system-shattering disaster. It’s crazy. These guys should all be in Gitmo pounding rocks and instead they’re setting the regulatory agenda. Explain that to me? And this whole thing about blackmailing the government because they don’t want to be held responsible for the bad mortgages they sold to the GSE’s is particularly irritating. Here’s more from Dave Dayen:
“After the housing market tanked, Fannie and Freddie forced the industry to buy back billions of dollars in loans. In a bid to protect themselves from further financial penalties, lenders reacted by imposing credit scores that exceed what Fannie and Freddie require. ….And lenders say they won’t ease up until the government clarifies rules that dictate when Fannie and Freddie can take action against them.”
So the industry has engaged in an insidious tactic: tightening lending well beyond required standards, and then claiming the GSEs make it impossible for them to do business. For example, Fannie and Freddie require a minimum 680 credit score to purchase most loans, but lenders are setting their targets at 740. They are rejecting eligible borrowers….so they can profit much more from a regulation-free zone down the line.
So, I ask you, dear reader; is that blackmail or is it blackmail?
And what does Watt mean when he talks about “developing sensible and responsible guidelines’ that will allow them (borrowers) to buy mortgages with down payments as low as 3 percent”?
What a joke. Using traditional underwriting standards, (the likes of which had been used for the entire post-war period until we handed the system over to the banks) a lender would require a 10 or 20 percent down, decent credit scores, and a job. The only reason Watt wants to wave those requirements is so the banks can fire-up the old credit engine and dump more crap-ass mortgages on Uncle Sam. That’s the whole thing in a nutshell. It’s infuriating!
Let me fill you in on a little secret: Down payments matter! In fact, people who put more down on a home (who have “more skin in the game”) are much less likely to default. According to David Battany, executive vice president of PennyMac, “there is a strong correlation between down payments to mortgage default. The risk of default almost doubles with every 1%.”
Economist Dean Baker says the same thing in a recent blog post:
“The delinquency rate, which closely follows the default rate, is several times higher for people who put 5 percent or less down on a house than for people who put 20 percent or more down.
Contrary to what some folks seem to believe, getting moderate income people into a home that they subsequently lose to foreclosure or a distressed sale is not an effective way for them to build wealth, even if it does help build the wealth of the banks.”
(“Low Down Payment Mortgages Have Much Higher Default Rates“, Dean Baker, CEPR)
Now take a look at this chart from Dr. Housing Bubble which helps to illustrate the dangers of low down payments in terms of increased delinquencies:
Data on mortgage delinquencies by downpayment. Source: Felix Salmon
“When the mortgage industry starts complaining about the 14 million people who would be denied the chance to buy a qualified mortgage if they don’t have a 5% downpayment, it’s worth remembering that qualified mortgages for people who don’t have a 5% downpayment have a delinquency rate of 16% over the course of the whole housing cycle.” (“Why a sizable down payment is important“, Dr. Housing Bubble)
So despite what Watt thinks, higher down payments mean fewer defaults, fewer foreclosures, fewer shocks to the market, and greater financial stability.
And here’s something else that Watt should mull over: The housing market isn’t broken and doesn’t need to be fixed. It’s doing just fine, thank you very much. First of all, sales and prices are already above their historic trend. Check it out from economist Dean Baker:
“If we compare total sales (new and existing homes) with sales in the pre-bubble years 1993-1995, they would actually be somewhat higher today, even after adjusting for population growth. While there may be an issue of many people being unable to qualify for mortgages because of their credit history, this does not appear to be having a negative effect on the state of market. Prices are already about 20 percent above their trend levels.” (“Total Home Sales Are At or Above Trend“, Dean Baker, CEPR)
Got it? Sales and prices are ALREADY where they should be, so there’s no need to lower down payments and ease credit to start another orgy of speculation. We don’t need that.
Second, the quality of today’s mortgages ARE BETTER THAN EVER, so why mess with success? Take a look at this from Black Knight Financial Services and you’ll see what I mean:
“Today, the Data and Analytics division of Black Knight Financial Services … released its November Mortgage Monitor Report, which found that loans originated in 2013 are proving to be the best-performing mortgages on record…..
“Looking at the most current mortgage origination data, several points become clear,” said Herb Blecher, senior vice president of Black Knight Financial Services’ Data & Analytics division. “First is that heightened credit standards have resulted in this year being the best-performing vintage on record. Even adjusting for some of these changes, such as credit scores and loan-to-values, we are seeing total delinquencies for 2013 loans at extremely low levels across every product category.”
Okay, so sales and prices are fine and mortgage quality is excellent. So why not leave the bloody system alone? As the saying goes: If it ain’t broke, don’t fix it.
But you know why they’re going to keep tinkering with the housing market. Everyone knows why. It’s because the banks can’t inflate another big-honking credit bubble unless they churn out zillions of shi**y mortgages that they offload onto Fannie and Freddie. That’s just the name of the game: Grind out the product (mortgages), pack it into sausages (securities and bonds), leverage up to your eyeballs (borrow as much as humanly possible), and dump the junk-paper on yield-chasing baboons who think they’re buying triple A “risk free” bonds.
Garbage in, garbage out. Isn’t this how the banks make their money?
You bet it is, and in that regard things have gotten a helluva a lot scarier since last Wednesday’s announcement that the banks are NOT going to be required to hold any capital against the securities they create from bundles of mortgages.
You read that right. According to the New York Times: “there will be no risk retention to speak of, at least on residential mortgage loans that are securitized.”
But how can that be, after all, it wasn’t subprime mortgages that blew up the financial system (subprime mortgages only totaled $1.5 at their peak), but the nearly $10 trillion in subprime infected mortgage-backed securities (MBS) that stopped trading in the secondary market after a French Bank stopped taking redemptions in July 2007. (a full year before the crisis brought down Lehman Brothers) . That’s what brought the whole rattling financial system to a grinding halt. Clearly, if the banks had had a stake in those shabby MBS— that is, if they were required to set aside 5 or 10 percent capital as insurance in the event that some of these toxic assets went south– then the whole financial collapse could have been avoided, right?
Right. It could have been avoided. But the banks don’t want to hold any capital against their stockpile of rancid assets, in fact, they don’t want to use their own freaking money at all, which is why 90 percent of all mortgages are financed by Uncle Sugar. It’s because the banks are just as broke as they were in 2008 when the system went off the cliff. Here’s a summary from the New York Times:
“Once upon a time, those who made loans would profit only if the loan were paid back. If the borrower defaulted, the lender would suffer.
That idea must have seemed quaint in 2005, as the mortgage lending boom reached a peak on the back of mushrooming private securitizations of mortgages, which were intended to transfer the risk away from those who made the loans to investors with no real knowledge of what was going on.
Less well remembered is that there was a raft of real estate securitizations once before, in the 1920s. The securities were not as complicated, but they had the same goal — making it possible for lenders to profit without risking capital.
The Dodd-Frank Act of 2010 set out to clean that up. Now, there would be “risk retention.” Lenders would have to have “skin in the game.” Not 100 percent of the risk, as in the old days when banks made mortgage loans and retained them until they were paid back, but enough to make the banks care whether the loans were repaid.
At least that was the idea. The details were left to regulators, and it took more than four years for them to settle on the details, which they did this week.
The result is that there will be no risk retention to speak of, at least on residential mortgage loans that are securitized.
“…..Under Dodd-Frank, the general rule was to be that if a lender wanted to securitize mortgages, that lender had to keep at least 5 percent of the risk…….But when the final rule was adopted this week, that idea was dropped.” (“Banks Again Avoid Having Any Skin in the Game”, New York Times)
No skin in the game, you say?
That means the taxpayer is accepting 100 percent of the risk. How fair is that?
Let’s review: The banks used to lend money to creditworthy borrowers and keep the loans on their books.
They don’t do that anymore, in fact, they’re not really banks at all, they’re just intermediaries who sell their loans to the USG or investors.
This arrangement has changed the incentives structure. Now the goal is quantity not quality. “How many loans can I churn-out and dump on Uncle Sam or mutual funds etc.” That’s how bankers think now. That’s the objective.
Regulations are bad because regulations stipulate that loans must be of a certain quality, which reduces the volume of loans and shrinks profits. (Can’t have that!) Therefore, the banks must use their money to hand-pick their own regulators (“You’re doin’ a heckuva job, Mel”) and ferociously lobby against any rules that limit their ability to issue credit to anyone who can fog a mirror. Now you understand how modern-day banking works.
It would be hard to imagine a more corrupt system.
Continuing to allow airplane flights into America loaded with people streaming out of Ebola-ravaged Africa must be the dumbest act that Congress, the Center for Disease Control and Barack Obama could possibly perpetrate on the American people.
To send 3,000 of our young men and women over to Ebola-ravaged Africa with some kind of insane idea that we could stop the epidemic, must be the second dumbest idea of Barack Obama and his band of incompetent advisors. Anyone with a room-temperature IQ and an ounce of common sense would take logical action in the face of such a virulent virus.
As a superintendent of a school system, you wouldn’t invite sick students with chicken pox, small pox, mumps, measles and polio into your school. You would mandate they stay home to protect the students and teachers in your school. Why? Infectious diseases guaranteed to jump from student to student!
If I stood at the helm in the White House: I would immediately stop all flights into the United States from Africa. I would not subject one single American to Ebola unnecessarily.
The president’s authorizing a call-up of the reserves or the National Guard to fight a virulent disease like Ebola in Africa with no idea of the outcome—must rank up there with the movie, “Dumb and Dumber.” Instead of saving Africa from itself, those 3,000 troops may well become disease vectors themselves that bring Ebola back to America in greater numbers, or, simply kill a bunch of our country’s finest soldiers.
“Africa’s biggest problem is not drought, disease, or dictators,” Dr. Don Boys. “But drinking and defecation are the biggest problem! This is true of India, Asia, and areas of South America. Eighty per- cent of diseases in developing countries are caused by unsafe water and poor sanitation. Africa, India, and some areas in South America are open cesspools where children play, parents wash clothes and get drinking water, workers irrigate crops, etc. In those areas, fresh water is unknown and open defecation (OD) is common.”
Very few Americans comprehend the gutter-level hygiene that encourages diseases like Ebola, cholera, dysentery, tuberculosis and other bugs that proliferate in third world countries. Africa suffers incredibly contaminated water, food and soil.
“Now for the first time in human history most people live in cities, often in the slums,” said Boys. “More than 70 percent of Africa’s urban population lives in slums! Around one-third of the urban population in developing countries, nearly one billion people, live in slums. There is one toilet for every 500 people in the slums of Nairobi, Kenya. However, the biggest problem is in rural areas where the problem can be more quickly solved but not without difficulty. Nearly 540 million people, more than 60 percent of Africa’s population, currently practice open defecation according to the African Development Bank Group.”
Americans stand no chance of changing African culture to leap into the 21st century standards of sanitation. You might as well ask a mosquito to fly to the moon.
The same stands true for countries like India where 1,000 children die 24/7 of diarrhea and dysentery. Utter misery faces citizens of Pakistan, Nepal and Mexico every day of the year.
The World Health Organization Public Health Director lamented, “What is shocking…is this picture of someone practicing open defecation and in the other hand having a mobile phone.”
I remember hiking in Asia when I saw water buffalo defecating along the trail. Women immediately grabbed the pile of dung in their hands to take it off to a drying rack for fuel. When you see it firsthand, you gag, but then, you get used to it. It’s sickening, but that’s how they operate in the third world. Several billions of people around this planet don’t use a toilet, but do use the land as their latrine.
Is it any wonder that diseases like TB kill 2,000,000 (million) people annually? That Chagas infects 14 million in South America? That AIDES killed 25 million in 30 years in Africa?
So, does it make sense to you that Obama, Congress and the CDC expect to import more and more Ebola patients back into the USA? Are you excited that your kids or you could very well become the next victims? Are you going to stand by to wait for it to happen in your community?
For this obviously incompetent man sitting in the White House to send our soldiers over to a hot zone of Ebola infections must rate with a madman thinking he can walk into an AIDS ward to have sex with all the victims and walk out untouched with the disease.
But in this case, Obama sends our kids over to Ebola hot zones in Africa, not his kids.
Right now, two innocent nurses in Texas face death because of the importation of Mr. Duncan from Liberia who later died. Who allows this kind of insanity?
If nurses can’t fend off the disease in a hospital while wearing haz-mat suits, how in the name of common sense and rational thought will 3,000 soldiers fend off Ebola with M-16’s? Somebody in high places shows criminal stupidity on a scale heretofore unimaginable.
You can see on the CDC website we find this unsettling phrase:
“No FDA-approved vaccine or medicine (e.g., antiviral drug) is available for Ebola.”
As with the Iraq War, few Americans protested the stupidity of invading that country under the lie of “Weapons of Mass Destruction.” As with 9/11, our presidents and Congress failed to stop illegal immigration.
Call your Congressman/woman; governor; senator; newspaper, radio and TV station to scream that you want all flights cancelled coming in from Africa. Scream that you don’t want 3,000 of our kids to go over to Africa to be infected by Ebola.
To sit silent and let the incompetent in the White House and incompetents in Congress invite America’s Ebola epidemic—makes no sense whatsoever.
You can’t believe a word the United States or its mainstream media say about the current conflict involving The Islamic State (ISIS).
You can’t believe a word France or the United Kingdom say about ISIS.
You can’t believe a word Turkey, Saudi Arabia, Qatar, Kuwait, Jordan, or the United Arab Emirates say about ISIS. Can you say for sure which side of the conflict any of these mideast countries actually finances, arms, or trains, if in fact it’s only one side? Why do they allow their angry young men to join Islamic extremists? Why has NATO-member Turkey allowed so many Islamic extremists to cross into Syria? Is Turkey more concerned with wiping out the Islamic State or the Kurds under siege by ISIS? Are these countries, or the Western powers, more concerned with overthrowing ISIS or overthrowing the Syrian government of Bashar al-Assad?
You can’t believe the so-called “moderate” Syrian rebels. You can’t even believe that they are moderate. They have their hands in everything, and everyone has their hands in them.
Iran, Hezbollah and Syria have been fighting ISIS or its precursors for years, but the United States refuses to join forces with any of these entities in the struggle. Nor does Washington impose sanctions on any country for supporting ISIS as it quickly did against Russia for its alleged role in Ukraine.
The groundwork for this awful mess of political and religious horrors sweeping through the Middle East was laid – laid deeply – by the United States during 35 years (1979-2014) of overthrowing the secular governments of Afghanistan, Iraq, Libya, and Syria. (Adding to the mess in the same period we should not forget the US endlessly bombing Pakistan, Somalia and Yemen.) You cannot destroy modern, relatively developed and educated societies, ripping apart the social, political, economic and legal fabric, torturing thousands, killing millions, and expect civilization and human decency to survive.
Particularly crucial in this groundwork was the US decision to essentially throw 400,000 Iraqis with military training, including a full officer corps, out onto the streets of its cities, jobless. It was a formula for creating an insurgency. Humiliated and embittered, some of those men would later join various resistance groups operating against the American military occupation. It’s safe to say that the majority of armored vehicles, weapons, ammunition, and explosives taking lives every minute in the Middle East are stamped “Made in USA”.
And all of Washington’s horses, all of Washington’s men, cannot put this world back together again. The world now knows these places as “failed states”.
Meanwhile, the United States bombs Syria daily, ostensibly because the US is at war with ISIS, but at the same time seriously damaging the oil capacity of the country (a third of the Syrian government’s budget), the government’s military capabilities, its infrastructure, even its granaries, taking countless innocent lives, destroying ancient sites; all making the recovery of an Assad-led Syria, or any Syria, highly unlikely. Washington is undoubtedly looking for ways to devastate Iran as well under the cover of fighting ISIS.
Nothing good can be said about this whole beastly situation. All the options are awful. All the participants, on all sides, are very suspect, if not criminally insane. It may be the end of the world. To which I say … Good riddance. Nice try, humans; in fact, GREAT TRY … but good riddance. ISIS … Ebola … Climate Change … nuclear radiation … The Empire … Which one will do us in first? … Have a nice day.
Is the world actually so much more evil and scary today than it was in the 1950s of my upbringing, for which I grow more nostalgic with each new horror? Or is it that the horrors of today are so much better reported, as we swim in a sea of news and videos?
After seeing several ISIS videos on the Internet, filled with the most disgusting scenes, particularly against women, my thought is this: Give them their own country; everyone who’s in that place now who wants to leave, will be helped to do so; everyone from all over the world who wants to go there will be helped to get there. Once they’re there, they can all do whatever they want, but they can’t leave without going through a rigorous interview at a neighboring border to ascertain whether they’ve recovered their attachment to humanity. However, since very few women, presumably, would go there, the country would not last very long.
The Berlin Wall – Another Cold War Myth
November 9 will mark the 25th anniversary of the tearing down of the Berlin Wall. The extravagant hoopla began months ago in Berlin. In the United States we can expect all the Cold War clichés about The Free World vs. Communist Tyranny to be trotted out and the simple tale of how the wall came to be will be repeated: In 1961, the East Berlin communists built a wall to keep their oppressed citizens from escaping to West Berlin and freedom. Why? Because commies don’t like people to be free, to learn the “truth”. What other reason could there have been?
First of all, before the wall went up in 1961 thousands of East Germans had been commuting to the West for jobs each day and then returning to the East in the evening; many others went back and forth for shopping or other reasons. So they were clearly not being held in the East against their will. Why then was the wall built? There were two major reasons:
1) The West was bedeviling the East with a vigorous campaign of recruiting East German professionals and skilled workers, who had been educated at the expense of the Communist government. This eventually led to a serious labor and production crisis in the East. As one indication of this, the New York Times reported in 1963: “West Berlin suffered economically from the wall by the loss of about 60,000 skilled workmen who had commuted daily from their homes in East Berlin to their places of work in West Berlin.”
It should be noted that in 1999, USA Today reported: “When the Berlin Wall crumbled , East Germans imagined a life of freedom where consumer goods were abundant and hardships would fade. Ten years later, a remarkable 51% say they were happier with communism.” Earlier polls would likely have shown even more than 51% expressing such a sentiment, for in the ten years many of those who remembered life in East Germany with some fondness had passed away; although even 10 years later, in 2009, the Washington Post could report: “Westerners [in Berlin] say they are fed up with the tendency of their eastern counterparts to wax nostalgic about communist times.”
It was in the post-unification period that a new Russian and eastern Europe proverb was born: “Everything the Communists said about Communism was a lie, but everything they said about capitalism turned out to be the truth.”
It should be further noted that the division of Germany into two states in 1949 – setting the stage for 40 years of Cold War hostility – was an American decision, not a Soviet one.
2) During the 1950s, American coldwarriors in West Germany instituted a crude campaign of sabotage and subversion against East Germany designed to throw that country’s economic and administrative machinery out of gear. The CIA and other US intelligence and military services recruited, equipped, trained and financed German activist groups and individuals, of West and East, to carry out actions which ran the spectrum from juvenile delinquency to terrorism; anything to make life difficult for the East German people and weaken their support of the government; anything to make the commies look bad.
It was a remarkable undertaking. The United States and its agents used explosives, arson, short circuiting, and other methods to damage power stations, shipyards, canals, docks, public buildings, gas stations, public transportation, bridges, etc; they derailed freight trains, seriously injuring workers; burned 12 cars of a freight train and destroyed air pressure hoses of others; used acids to damage vital factory machinery; put sand in the turbine of a factory, bringing it to a standstill; set fire to a tile-producing factory; promoted work slow-downs in factories; killed 7,000 cows of a co-operative dairy through poisoning; added soap to powdered milk destined for East German schools; were in possession, when arrested, of a large quantity of the poison cantharidin with which it was planned to produce poisoned cigarettes to kill leading East Germans; set off stink bombs to disrupt political meetings; attempted to disrupt the World Youth Festival in East Berlin by sending out forged invitations, false promises of free bed and board, false notices of cancellations, etc.; carried out attacks on participants with explosives, firebombs, and tire-puncturing equipment; forged and distributed large quantities of food ration cards to cause confusion, shortages and resentment; sent out forged tax notices and other government directives and documents to foster disorganization and inefficiency within industry and unions … all this and much more.
The Woodrow Wilson International Center for Scholars, of Washington, DC, conservative coldwarriors, in one of their Cold War International History Project Working Papers (#58, p.9) states: “The open border in Berlin exposed the GDR [East Germany] to massive espionage and subversion and, as the two documents in the appendices show, its closure gave the Communist state greater security.”
Throughout the 1950s, the East Germans and the Soviet Union repeatedly lodged complaints with the Soviets’ erstwhile allies in the West and with the United Nations about specific sabotage and espionage activities and called for the closure of the offices in West Germany they claimed were responsible, and for which they provided names and addresses. Their complaints fell on deaf ears. Inevitably, the East Germans began to tighten up entry into the country from the West, leading eventually to the infamous wall. However, even after the wall was built there was regular, albeit limited, legal emigration from east to west. In 1984, for example, East Germany allowed 40,000 people to leave. In 1985, East German newspapers claimed that more than 20,000 former citizens who had settled in the West wanted to return home after becoming disillusioned with the capitalist system. The West German government said that 14,300 East Germans had gone back over the previous 10 years.
Let’s also not forget that while East Germany completely denazified, in West Germany for more than a decade after the war, the highest government positions in the executive, legislative, and judicial branches contained numerous former and “former” Nazis.
Finally, it must be remembered, that Eastern Europe became communist because Hitler, with the approval of the West, used it as a highway to reach the Soviet Union to wipe out Bolshevism forever, and that the Russians in World War I and II, lost about 40 million people because the West had used this highway to invade Russia. It should not be surprising that after World War II the Soviet Union was determined to close down the highway.
For an additional and very interesting view of the Berlin Wall anniversary, see the article “Humpty Dumpty and the Fall of Berlin’s Wall” by Victor Grossman. Grossman (née Steve Wechsler) fled the US Army in Germany under pressure from McCarthy-era threats and became a journalist and author during his years in the (East) German Democratic Republic. He still lives in Berlin and mails out his “Berlin Bulletin” on German developments on an irregular basis. You can subscribe to it firstname.lastname@example.org. His autobiography: “Crossing the River: a Memoir of the American Left, the Cold War and Life in East Germany” was published by University of Massachusetts Press. He claims to be the only person in the world with diplomas from both Harvard University and Karl Marx University in Leipzig.
Al Franken, the liberal’s darling
I receive a continuous stream of emails from “progressive” organizations asking me to vote for Senator Franken or contribute to his re-election campaign this November, and I don’t even live in Minnesota. Even if I could vote for him, I wouldn’t. No one who was a supporter of the war in Iraq will get my vote unless they unequivocally renounce that support. And I don’t mean renounce it like Hillary Clinton’s nonsense about not having known enough.
Franken, the former Saturday Night Live comedian, would like you to believe that he’s been against the war in Iraq since it began. But he went to Iraq at least four times to entertain the troops. Does that make sense? Why does the military bring entertainers to soldiers? To lift the soldiers’ spirits of course. And why does the military want to lift the soldiers’ spirits? Because a happier soldier does his job better. And what is the soldier’s job? All the charming war crimes and human-rights violations that I and others have documented in great detail for many years. Doesn’t Franken know what American soldiers do for a living?
A year after the US invasion in 2003, Franken criticized the Bush administration because they “failed to send enough troops to do the job right.” What “job” did the man think the troops were sent to do that had not been performed to his standards because of lack of manpower? Did he want them to be more efficient at killing Iraqis who resisted the occupation? The volunteer American troops in Iraq did not even have the defense of having been drafted against their wishes.
Franken has been lifting soldiers’ spirits for a long time. In 2009 he was honored by the United Service Organization (USO) for his ten years of entertaining troops abroad. That includes Kosovo in 1999, as imperialist an occupation as you’ll want to see. He called his USO experience “one of the best things I’ve ever done.” Franken has also spoken at West Point (2005), encouraging the next generation of imperialist warriors. Is this a man to challenge the militarization of America at home and abroad? No more so than Barack Obama.
Tom Hayden wrote this about Franken in 2005 when Franken had a regular program on the Air America radio network: “Is anyone else disappointed with Al Franken’s daily defense of the continued war in Iraq? Not Bush’s version of the war, because that would undermine Air America’s laudable purpose of rallying an anti-Bush audience. But, well, Kerry’s version of the war, one that can be better managed and won, somehow with better body armor and fewer torture cells.”
While in Iraq to entertain the troops, Franken declared that the Bush administration “blew the diplomacy so we didn’t have a real coalition,” then failed to send enough troops to do the job right. “Out of sheer hubris, they have put the lives of these guys in jeopardy.”
Franken was implying that if the United States had been more successful in bribing and threatening other countries to lend their name to the coalition fighting the war in Iraq the United States would have had a better chance of WINNING the war.
Is this the sentiment of someone opposed to the war? Or in support of it? It is the mind of an American liberal in all its beautiful mushiness.
- Derived from William Astore, “Investing in Junk Armies”, TomDispatch, October 14, 2014
- New York Times, June 27, 1963, p.12
- USA Today, October 11, 1999, p.1
- Washington Post, May 12, 2009; see a similar story November 5, 2009
- Carolyn Eisenberg, “Drawing the Line: The American Decision to Divide Germany, 1944-1949” (1996); or see a concise review of this book by Kai Bird in The Nation, December 16, 1996
- See William Blum, “Killing Hope: US Military and CIA Interventions Since World War II”, p.400, note 8, for a list of sources for the details of the sabotage and subversion.
- The Guardian (London), March 7, 1985
- Washington Post, February 16, 2004
- Star Tribune, Minneapolis, March 26, 2009
- Huffington Post, June 2005
- Washington Post, February 16, 2004
The ISIS siege of Kobane continued overnight while cities across Turkey were set ablaze by Kurdish protestors. At least 19 civilians were killed by Turkish riot police who were trying to disperse angry crowds that had gathered to protest the government’s unwillingness to defend the predominantly Kurdish city. According to Hurriyet, “The worst violence was seen in Diyarbakır during a reported gunfight between the Kurdistan Workers Party (PKK) supporters and Hizbullah, a radical Islamist group whose members are mostly Kurdish and who allegedly aided the state in the torture and killing of Kurdish activists in the 1990s.” (Hurriyet)
Although the Turkish Parliament approved a measure to allow the government to carry out cross-border attacks on ISIS, President Recep Tayyip Erdogan has not yet ordered its tanks and troops into battle. Erdogan has been dragging his feet so that ISIS will prevail over Kobane’s Kurdish fighters thus ending their struggle for autonomy and independence. This is why the reaction among Turkish Kurds has been so ferocious; it’s because Erdogan is using the Sunni radicals as a proxy army to batter the Kurds into submission. A scathing op-ed in last night’s Hurriyet summarized Erdogan’s tacit support for ISIS like this:
“Naturally, one has to ask who fathered, breastfed and nourished these Islamist terrorists in hopes and aspirations of creating a Sunni Muslim Brotherhood Khalifat state? Even when Kobane and many Turkish cities were on fire, did not the Turkish prime minister talk in his interview with CNN about his readiness to order land troops into the Syrian quagmire if Washington agreed to also target al-Assad?
This is a dirty game….” (Editorial, “Kobane and Turkey are Burning“, Hurriyet Daily News)
This is true, Turkey has “fathered, breastfed and nourished” Sunni extremism which is what makes the country a particularly untrustworthy ally in a war intended to defeat ISIS. According to author Nafeez Ahmed:
“With their command and control centre based in Istanbul, Turkey, military supplies from Saudi Arabia and Qatar in particular were transported by Turkish intelligence to the border for rebel acquisition. CIA operatives along with Israeli and Jordanian commandos were also training FSA rebels on the Jordanian-Syrian border with anti-tank and anti-aircraft weapons. In addition, other reports show that British and French military were also involved in these secret training programmes. It appears that the same FSA rebels receiving this elite training went straight into ISIS – last month one ISIS commander, Abu Yusaf, said, “Many of the FSA people who the west has trained are actually joining us.”
(“How the West Created the Islamic State“, Nafeez Ahmed, CounterPunch
Then there’s this from Tuesday’s USA Today:
“Militants have funneled weapons and fighters through Turkey into Syria. The Islamic State and Jabhat al-Nusra, an al-Qaeda affiliate in Syria, have networks in Turkey….
Turkish security and intelligence services may have ties to Islamic State militants. The group released 46 Turkish diplomats it had abducted the day before the United States launched airstrikes against it. Turkey, a NATO member, may have known the airstrikes were about to begin and pressured its contacts in the Islamic State to release its diplomats.
“This implies Turkey has more influence or stronger ties to ISIS than people would think,” Tanir said.”
(“5 reasons Turkey isn’t attacking Islamic State in Syria”, USA Today)
So while the connection between ISIS and Turkish Intelligence remains murky, it’s safe to say there is a connection which makes Turkey an unreliable partner in a prospective war against the same group. So why is Erdogan so eager to lead the charge into Syria?
It’s because Erdogan thinks he can use ISIS as cover for his real objective, which is seize Damascus, topple Assad and replace him with a Sunni stooge who will tilt in Ankara’s direction. This is from a post by Stratfor at Zero Hedge:
“This is why Turkey is placing conditions on its involvement in the battle against the Islamic State: It is trying to convince the United States and its Sunni Arab coalition partners that it will inevitably be the power administering this region. Therefore, according to Ankara, all players must conform to its priorities, beginning with replacing Syria’s Iran-backed Alawite government with a Sunni administration that will look first to Ankara for guidance.” (“Turkey, The Kurds And Iraq – The Prize & Peril Of Kirkuk”, zero hedge)
So this is why Turkey wants to spearhead the invasion into Syria, so it can expand its power in the region?
It appears so, but there’s more to it than just that. As is true with most conflicts in the Middle East, oil is also a major factor. The Turks expect to be big players in the regional energy market after Assad is removed and pipeline corridors are established from the giant South Pars/North Dome gas field off Qatar. The pipeline will run from Qatar, to Iraq, to Syria and on to Turkey, providing vital supplies for the voracious EU market. There are also plans for an Israel to Turkey pipeline accessing gas from the massive Leviathan gas field located off the coast of Gaza. Both of these projects will strengthen Turkey’s flagging economy as well as bolster its stature and influence in the region.
Naturally, the allure of wealth and power has been a decisive factor in shaping Ankara’s Syria policy. But there’s a good chance that Erdogan’s strategy will backfire and Turkey will get bogged down in a protracted conflict in which there are no clear winners and no easy way out. In this respect, Erdogan follows a long line of equally aggressive leaders whose ambitions clouded their judgment precipitating their downfall. Only a fool would think that Syria will be a cakewalk.
Turkey has made it clear that it will not go-it-alone in Syria. According to CNN report on Thursday:
“Turkey’s foreign minister insisted Thursday that it is not “realistic” for the world to expect it alone to launch a ground operation against ISIS, even as a monitoring group said the extremists had seized a chunk of a key battleground town near its border.” (CNN)
Erdogan wants US support although, so far, he has not stipulated whether that means ground troops or not. He has said repeatedly, however, that bombing ISIS from the air won’t achieve their purpose. And even on that score, the US has been AWOL. So far, the US has launched a mere six aerial attacks on ISIS positions on the outskirts of the city, not nearly enough to deter battle-hardened jihadis from pressing deeper into Kurdish territory. Could it be that Obama made a deal with Erdogan to allow Kobane to be overrun in exchange for concessions on the use of Turkish military bases that will be used to carry out attacks on Syria?
It could be, although there’s no way of knowing for sure. What’s clear is that Obama doesn’t really care what happens to the Kurds in Kobane or not. What matters to Obama is toppling Assad and replacing him with a US puppet. The death of innocent civilians at the hands of homicidal maniacs doesn’t even factor into Washington’s calculations. It’s just more grist for the mill. Now check out this excerpt from an article by Patrick Cockburn:
”The leader of the (Kurdish) PYD, Salih Muslim, is reported to have met officials from Turkish military intelligence to plead for aid but was told this would only be available if the Syrian Kurds abandoned their claim for self-determination, gave up their self-governing cantons, and agreed to a Turkish buffer zone inside Syria. Mr Muslim turned down the demands and returned to Kobani.” (ISIS on the Verge of Victory at Kobani”, Patrick Cockburn, Counterpunch)
Is this blackmail or what? Doesn’t this explain why Kurds are rioting and setting buildings ablaze across Turkey? How would you react, dear reader, if your people were told to either ‘Give up your dreams of independence or face a violent death at the hands of religious fanatics’? Would you think that was an unreasonable demand?
Erdogan wants to defeat the Kurdish fighters in Kobane and put an end to Kurdish nationalism. And he doesn’t care how he does it.
Keep in mind, that just this week, Turkish Prime Minister Ahmet Davutoglu said in a CNN interview that the US must agree that Assad will be removed before Turkey will commit ground troops to the war against ISIS. To his credit, Obama has not yet agreed to Erdogan’s terms although pressure in Congress and the media is steadily building. And this is just one of Erdogan’s many demands. He also wants the US to implement a no-fly zone over Syria and to create buffer zone along the Turkish border. In exchange, Turkey will provide boots on the ground and the use of its military bases. The US can expect to pay a heavy price for Turkey’s help in Syria.
OBAMA: “Don’t do stupid shit”
US policy towards Syria is not yet set in stone, in fact, the Obama administration appears to be in a state of turmoil. It could be that Obama’s chief advisors see the potential pitfalls of an invasion of Syria or of persisting with the same lame policy of arming, training and funding Islamic radicals. Or it could it be that the administration doesn’t want to team up with an unreliable ally like Turkey whose Intel agencies have helped create the present crisis? Or it could simply be that Obama has decided to follow his own advice and “Don’t do stupid shit”. Whatever the reason, the administration seems to be vacillating on the way forward.
One can only hope that Obama will grasp the inherent risks of the poring more gas on the Middle East, reject the orders of his deep state handlers, and seek a peaceful solution to the crisis in Syria. That, of course, would require cooperation with Syria’s allies, Russia and Iran, to settle on a way to defeat the jihadis, strengthen Syria’s sovereign control over its own territory, and restore peace across the country. No doubt Assad would be more than willing to make democratic concessions if he believed it would save his country from the destruction of a full-blown war.
The University of Al-Qaeda?
“Since 2003, Anglo-American power has secretly and openly coordinated direct and indirect support for Islamist terrorist groups linked to al-Qaeda across the Middle East and North Africa. This ill-conceived patchwork geostrategy is a legacy of the persistent influence of neoconservative ideology, motivated by longstanding but often contradictory ambitions to dominate regional oil resources, defend an expansionist Israel, and in pursuit of these, re-draw the map of the Middle East.” Nafeez Ahmed, “How the West Created the Islamic State“, CounterPunch
“The US created these terrorist organizations. America does not have the moral authority to lead a coalition against terrorism.” Hassan Nasralla, Secretary General of Hezbollah
October 06, 2014 “ICH” – “Counterpunch” – The Obama administration’s determination to topple Syrian President Bashar al-Assad is pushing the Middle East towards a regional war that could lead to a confrontation between the two nuclear-armed rivals, Russia and the United States.
Last week, Turkey joined the US-led coalition following a vote in parliament approving a measure to give the government the authority to launch military action against Isis in Syria. Turkish President Recep Tayyip Erdogan made it clear that Turkish involvement would come at a price, and that price would be the removal of al Assad. According to Turkey’s Hurriyet Daily News:
“Turkey will not allow coalition members to use its military bases or its territory in the fight against the Islamic State of Iraq and the Levant (ISIL) if the objective does not also include ousting the Bashar al-Assad regime, President Recep Tayyip Erdoğan hinted on Oct. 1…
“We are open and ready for any cooperation in the fight against terrorism. However, it should be understood by everybody that Turkey is not a country in pursuit of temporary solutions, nor will Turkey allow others to take advantage of it,” Erdoğan said in his lengthy address to Parliament.”..
“Turkey cannot be content with the current situation and cannot be a by-stander and spectator in the face of such developments.” (“Turkey will fight terror but not for temporary solutions: Erdoğan“, Hurriyet)
Officials in the Obama administration applauded Turkey’s decision to join the makeshift coalition. U.S. Secretary of Defense Chuck Hagel hailed the vote as a “very positive development” while State Department spokeswoman Jen Psaki said, “We welcome the Turkish Parliament’s vote to authorize Turkish military action…We’ve had numerous high-level discussions with Turkish officials to discuss how to advance our cooperation in countering the threat posed by ISIL in Iraq and Syria.”
In the last week, “Turkish tanks and other military units have taken position on the Syrian border.” Did the Obama administration strike a deal with Turkey to spearhead an attack on Syria pushing south towards Damascus while a small army of so called “moderate” jihadis– who are presently on the Israeli border– move north towards the Capital? If that is the case, then the US would probably deploy some or all of its 15,000 troops currently stationed in Kuwait “including an entire armored brigade” to assist in the invasion or to provide backup if Turkish forces get bogged down. The timeline for such an invasion is uncertain, but it does appear that the decision to go to war has already been made.
Turkish involvement greatly increases the chances of a broader regional war. It’s unlikely that Syria’s allies, Russia and Iran, will remain on the sidelines while Turkish tanks stream across the country on their way to Damascus. And while the response from Tehran and Moscow may be measured at first, it is bound to escalate as the fighting intensifies and tempers flare. The struggle for Syria will be a long, hard slog that will probably produce no clear winner. If Damascus falls, the conflict will morph into a protracted guerilla war that could spill over borders engulfing both Lebanon and Jordan. Apparently, the Obama administration feels the potential rewards from such a reckless and homicidal gambit are worth the risks.
No-Fly Zone Fakery
The Obama administration has made little effort to conceal its real objectives in Syria. The fight against Isis is merely a pretext for regime change. The fact that Major General Martin Dempsey, chairman of the Joint Chiefs of Staff, and Chuck Hagel are angling for a no-fly zone over Syria exposes the “war against Isis” as a fraud. Why does the US need a no-fly zone against a group of Sunni militants who have no air force? The idea is ridiculous. The obvious purpose of the no-fly zone is to put Assad on notice that the US is planning to take control of Syrian airspace on its way to toppling the regime. Clearly, Congress could have figured this out before rubber stamping Obama’s request for $500 million dollars to arm and train “moderate” militants. Instead, they decided to add more fuel to the fire. If Congress seriously believes that Assad is a threat to US national security and “must go”, then they should have the courage to vote for sending US troops to Syria to do the heavy lifting. The idea of funding shadowy terrorist groups that pretend to be moderate rebels is lunacy in the extreme. It merely compounds the problem and increases the prospects of another Iraq-type bloodbath. Is it any wonder why Congress’s public approval rating is stuck in single digits?
TURKEY: A Major Player
According to many sources, Turkey has played a pivotal role in the present crisis, perhaps more than Saudi Arabia or Qatar. Consider the comments made by Vice President Joe Biden in an exchange with students at the John F. Kennedy Jr. Forum at the Institute of Politics at Harvard University last week. Biden was asked: “In retrospect do you believe the United States should have acted earlier in Syria, and if not why is now the right moment?” Here’s part of what he said:
“…my constant cry was that our biggest problem is our allies – our allies in the region were our largest problem in Syria. The Turks were great friends – and I have the greatest relationship with Erdogan, which I just spent a lot of time with – the Saudis, the Emiratis, etc. What were they doing? They were so determined to take down Assad and essentially have a proxy Sunni-Shia war, what did they do? They poured hundreds of millions of dollars and tens, thousands of tons of weapons into anyone who would fight against Assad except that the people who were being supplied were Al Nusra and Al Qaeda and the extremist elements of jihadis coming from other parts of the world…
So now what’s happening? All of a sudden everybody’s awakened because this outfit called ISIL which was Al Qaeda in Iraq, which when they were essentially thrown out of Iraq, found open space in territory in eastern Syria, work with Al Nusra who we declared a terrorist group early on and we could not convince our colleagues to stop supplying them. So what happened? Now all of a sudden – I don’t want to be too facetious – but they had seen the Lord. Now we have – the President’s been able to put together a coalition of our Sunni neighbors, because America can’t once again go into a Muslim nation and be seen as the aggressor – it has to be led by Sunnis to go and attack a Sunni organization.”
Biden apologized for his remarks on Sunday, but he basically let the cat out of the bag. Actually, what he said wasn’t new at all, but it did lend credibility to what many of the critics have been saying since the very beginning, that Washington’s allies in the region have been arming and funding this terrorist Frankenstein from the onset without seriously weighing the risks involved. Here’s more background on Turkey’s role in the current troubles from author Nafeez Ahmed:
“With their command and control centre based in Istanbul, Turkey, military supplies from Saudi Arabia and Qatar in particular were transported by Turkish intelligence to the border for rebel acquisition. CIA operatives along with Israeli and Jordanian commandos were also training FSA rebels on the Jordanian-Syrian border with anti-tank and anti-aircraft weapons. In addition, other reports show that British and French military were also involved in these secret training programmes. It appears that the same FSA rebels receiving this elite training went straight into ISIS – last month one ISIS commander, Abu Yusaf, said, “Many of the FSA people who the west has trained are actually joining us.” (“How the West Created the Islamic State“, Nafeez Ahmed, CounterPunch
Notice how the author points out the involvement of “CIA operatives”. While Biden’s comments were an obvious attempt to absolve the administration from blame, it’s clear US Intel agencies knew what was going on and were at least tangentially involved. Here’s more from the same article:
“Classified assessments of the military assistance supplied by US allies Saudi Arabia and Qatar obtained by the New York Times showed that “most of the arms shipped at the behest of Saudi Arabia and Qatar to supply Syrian rebel groups… are going to hardline Islamic jihadists, and not the more secular opposition groups that the West wants to bolster.”
Once again, classified documents prove that the US officialdom knew what was going on and simply looked the other way. All the while, the hardcore takfiri troublemakers were loading up on weapons and munitions preparing for their own crusade. Here’s a clip that Congress should have read before approving $500 million more for this fiasco:
” … Mother Jones found that the US government has “little oversight over whether US supplies are falling prey to corruption – or into the hands of extremists,” and relies “on too much good faith.” The US government keeps track of rebels receiving assistance purely through “handwritten receipts provided by rebel commanders in the field,” and the judgment of its allies. Countries supporting the rebels – the very same which have empowered al-Qaeda affiliated Islamists – “are doing audits of the delivery of lethal and nonlethal supplies.”…
the government’s vetting procedures to block Islamist extremists from receiving US weapons have never worked.” (“How the West Created the Islamic State”, Nafeez Ahmed, CounterPunch)
These few excerpts should help to connect the dots in what is really a very hard-to-grasp situation presently unfolding in Syria. Yes, the US is ultimately responsible for Isis because it knew what was going on and played a significant part in arming and training jihadi recruits. And, no, Isis does not take its orders directly from Washington (or Langley) although its actions have conveniently coincided with US strategic goals in the region. (Many readers will undoubtedly disagree with my views on this.) Here’s one last clip on Turkey from an article in the Telegraph. The story ran a full year ago in October 2013:
“Hundreds of al-Qaeda recruits are being kept in safe houses in southern Turkey, before being smuggled over the border to wage “jihad” in Syria, The Daily Telegraph has learned.
The network of hideouts is enabling a steady flow of foreign fighters – including Britons – to join the country’s civil war, according to some of the volunteers involved.
These foreign jihadists have now largely eclipsed the “moderate” wing of the rebel Free Syrian Army, which is supported by the West. Al-Qaeda’s ability to use Turkish territory will raise questions about the role the Nato member is playing in Syria’s civil war.
Turkey has backed the rebels from the beginning – and its government has been assumed to share the West’s concerns about al-Qaeda. But experts say there are growing fears over whether the Turkish authorities may have lost control of the movement of new al-Qaeda recruits – or may even be turning a blind eye.” (“Al-Qaeda recruits entering Syria from Turkey safehouses“, Telegraph)
Get the picture? This is a major region-shaping operation that the Turks, the Saudis, the Qataris, the Americans etc are in on. Sure, maybe some of the jihadis went off the reservation and started doing their own thing, but even that’s not certain. After all, Isis has already achieved many of Washington’s implicit objectives: Dump Nuri al Maliki and replace him with a US stooge who will amend the Status of Forces Agreement. (SOFA), allow Sunni militants and Kurds to create their own de facto mini-states within Iraq (thus, eliminating the threat of a strong, unified Iraq that will challenge Israeli hegemony), and create a tangible threat to regional security (Isis) thereby justifying US meddling and occupation for the foreseeable future. So far, arming terrorists has been a winning strategy for Obama and Co. Unfortunately for the president, we are still in the early rounds of the emerging crisis. Things could backfire quite badly, and probably will.
(NOTE: According to Iran’s Press TV: “The ISIL terrorists have purportedly opened a consulate in Ankara, Turkey and use it to issue visas for those who want to join the fight against the Syrian and Iraqi governments….The militants are said to be operating freely inside the country without much problem.” I have my doubts about this report which is why I have put parentheses around it, but it is interesting all the same.)
CAMP BUCCA: University of Al-Qaeda
So where do the Sunni extremists in Isis come from?
There are varying theories on this, the least likely of which is that they responded to promotional videos and propaganda on social media. The whole “Isis advertising campaign” nonsense strikes me as a clever disinformation ploy to conceal what’s really going on, which is, that the various western Intel agencies have been recruiting these jokers from other (former) hotspots like Afghanistan, Libya, Chechnya, Kosovo, Somalia and prisons in Iraq. Isis not a spontaneous amalgam of Caliphate-aspiring revolutionaries who spend their off-hours trolling the Internet, but a collection of ex Baathists and religious zealots who have been painstakingly gathered to perform the task at hand, which is to lob off heads, spread mayhem, and create the pretext for US-proxy war. Check out this illuminating article on Alakhbar English titled “The mysterious link between the US military prison Camp Bucca and ISIS leaders”. It helps explain what’s really been going on behind the scenes:
“We have to ask why the majority of the leaders of the Islamic State (IS), formerly the Islamic State in Iraq and Syria (ISIS), had all been incarcerated in the same prison at Camp Bucca, which was run by the US occupation forces near Omm Qasr in southeastern Iraq….. First of all, most IS leaders had passed through the former U.S. detention facility at Camp Bucca in Iraq. So who were the most prominent of these detainees?
The leader of IS, Abu Bakr al-Baghdadi, tops the list. He was detained from 2004 until mid-2006. After he was released, he formed the Army of Sunnis, which later merged with the so-called Mujahideen Shura Council…
Another prominent IS leader today is Abu Ayman al-Iraqi, who was a former officer in the Iraqi army under Saddam Hussein. This man also “graduated” from Camp Bucca, and currently serves as a member on IS’ military council.
Another member of the military council who was in Bucca is Adnan Ismail Najm. … He was detained on January 2005 in Bucca, and was also a former officer in Saddam’s army. He was the head of a shura council in IS, before he was killed by the Iraqi army near Mosul on June 4, 2014.
Camp Bucca was also home to Haji Samir, aka Haji Bakr, whose real name is Samir Abed Hamad al-Obeidi al-Dulaimi. He was a colonel in the army of the former Iraqi regime. He was detained in Bucca, and after his release, he joined al-Qaeda. He was the top man in ISIS in Syria…
According to the testimonies of US officers who worked in the prison, the administration of Camp Bucca had taken measures including the segregation of prisoners on the basis of their ideology. This, according to experts, made it possible to recruit people directly and indirectly.
Former detainees had said in documented television interviews that Bucca…was akin to an “al-Qaeda school,” where senior extremist gave lessons on explosives and suicide attacks to younger prisoners. A former prisoner named Adel Jassem Mohammed said that one of the extremists remained in the prison for two weeks only, but even so was able to recruit 25 out of 34 inmates who were there. Mohammed also said that U.S. military officials did nothing to stop the extremists from mentoring the other detainees…
No doubt, we will one day discover that many more leaders in the group had been detained in Bucca as well, which seems to have been more of a “terrorist academy” than a prison.” (“The mysterious link between the US military prison Camp Bucca and ISIS leaders“, Alakhbar English)
US foreign policy is tailored to meet US strategic objectives, which in this case are regime change, installing a US puppet in Damascus, erasing the existing borders, establishing forward-operating bases across the country, opening up vital pipeline corridors between Qatar and the Mediterranean so the western energy giants can rake in bigger profits off gas sales to the EU market, and reducing Syria to a condition of “permanent colonial dependency.” (Chomsky)
Would the United States oversee what-amounts-to a “terrorist academy” if they thought their jihadi graduates would act in a way that served US interests?
Indeed, they would. In fact, they’d probably pat themselves on the back for coming up with such a clever idea.
Norman Rockwell’s America carried incredible nostalgia for the way this country once operated. “Father Knows Best” captured our understanding of “family” in America. Jackie Gleason on the “Honeymooners” along with Andy Taylor and Barney Fife instilled our mutual belonging. Bill Cosby brought us together with the “Cosby Show.” Everyone spoke English and everyone enjoyed employment and hope.
From the 50s to the 70s, most people worked a job, our Congress made laws to ensure our well-being along with a viable nationhood. Even with our racial strife, women’s rights, gay rights and battles over Roe vs. Wade—America allowed every citizen the right to pursue “Life, liberty and the pursuit of happiness.”
After my latest bicycle journey across America this summer, we unknowingly bear witness to the greatest racial and demographic shift ever self-inflicted on one country in the history of the world. By 2042, the Pew Research Center reports that the current European-American majority (down from 90 percent in 1960 to 54 percent in 2014) faces the new Latino majority within 28 years. All of it created by endless legal and illegal immigration.
During the next 36 years, Americans face an added 100 million legal immigrants from 150 countries around the globe. They stream into America at blinding speed via our invitations, chain migration and birth rates. How can we equate adding 100 million immigrants? Answer: that number equates to doubling the size of our 25 most populated cities. It means New York City jumps from 8.3 million to 16.6 million, Chicago from 5.1 million to 10.2 million and on down the line.
What does such an immigration invasion mean to our communities? Our way of life? Our quality of life? Our standard of living? Our environment? Our educational systems?
Answer: as the numbers rise to that 100 million level, everything in our society degrades, devolves, degenerates and worsens.
You cannot stop a fire by spraying gasoline on it. You can’t solve California’s drought or wildfires by adding another 20 million foreigners to that state via immigration. We cannot EVER catch up to exponential growth because it outruns our ability to solve its endemic and systemic consequences.
And, oxymoronically, we can’t solve our predicament by passing S744 Amnesty Bill that doubles legal immigration to 2.0 million annually.
What’s the final equation? Since I traveled through dozens of third world countries in the last 40 years, I noticed they couldn’t solve their problems, either. They face(d) horrific food and water contamination, disease and shortages. Just look at Ebola in Africa along with AIDS that killed 15 million thus far. Their citizens face endless illiteracy because they can’t install a viable educational system. They face conflict over resources.
As you notice in such areas as Iraq, Afghanistan, Haiti, Mexico, Brazil, China, India, Bangladesh, Indochina, Congo, Ethiopia, Somalia and dozens of other countries—you see continual religious, resource, food and water conflicts.
That’s where the United States of America steams. You can see it in our ethnic conflicts today whether Ferguson, MO riots, Chicago featuring 50 gun fights over the 4th of July weekend, black on black killings into the tens of thousands over the past several decades, 76 percent dropout/flunkout rates for Detroit public schools, which creates over 60 percent illiteracy rates. Illiteracy remains the key indicator of a third world country. Once it takes hold, it becomes intractable.
One look at our welfare system shows 68 percent of African-American children reared by a single mother on welfare. We feed 48 million Americans and non-Americans with EBT or food stamps. We see a complete breakdown of our middle class with no way to fight joblessness, futility or obesity caused by illiteracy. Right now, obesity explodes as a national epidemic of health care nightmares for our citizens.
Question: how do you think any of our current sociological, environmental, water, energy, racial and growing religious strife can or will get better. With those 100 million legal immigrants, you may expect to see an increase of Muslims in our country from 7.5 million to well over 20-30 million by 2050. Sociologists reported that once Islam reaches 8 percent of the host nation’s population, they become violent, arrogant and use the system to back the host country down to agree to Sharia Law. Notice the riots in Sweden and two separate London’s. Look at France’s nightmare. Sharia law stands against every Western sensibility for women’s rights, gays’ rights, free speech, education, marriage choices and religious choice. Note that hundreds of Muslim-Americans signed up to join terrorists groups in the Middle East. What happens when they turn their terror toward us?
Australia discovered a major plot fomented by citizen Muslims to commit beheadings in the streets of Sydney this summer. If you think I am kidding, watch this short video:
Published on Sep 18, 2014: More than 800 Police in Australia have carried out anti-terror raids in Sydney (12 suburbs) sparked by intelligence reports that Islamic extremists were planning random killings (beheadings) in Australia:https://www.youtube.com/watch?v=V0ctrDnM__4
Additionally, look for three major languages to create major chaos and loss of our national ethos in the coming decades. Look for linguistic confusion and separation from being a citizen of the United States because you speak Arabic, Spanish or English. In the end, we face becoming a nation of strangers.
What solutions might we enact to save ourselves?
- Immediate reduction of all legal immigration to less than 100,000 annually instead of the current 100,000 every 30 days from 150 countries around the globe.
- Immediate enforcement of our current work, rent and transport laws against employers of anyone illegally in the USA.
- Immediate discussion on “60 Minutes”; “Face the Nation” ; “Meet the Press” ; Charlie Rose; NBC, CBS, FOX, ABC, CNN, Bill O’Reilly, Wolf Blitzer, Shepard Smith, Megyn Kelley and all talk radio shows on how many people can our country hold and what’s the point of adding another 100 million foreigners when we already face enormous problems with what we currently hold.
- Millions of Americans need to join www.NumbersUSA.org; www.CapsWeb.org and www.Fairus.org and www.TheSocialContract.com in order to grow you strength via collective empowerment.
Otherwise, we keep heading where we’re headed. And, we’ll end up just like any third world country. Crowded, scant opportunities, lack of education, water shortages, energy crisis, religious conflict, environmental degradation and worse. It’s inevitable if we fail to stop mass immigration. I am amazed that I am the only US journalist who sees this monster so clearly, yet I see no national movement to stop it. Result: we doom our kids to a very sobering future of a fractured and fragmented civilization that cannot right itself.
Random encounters between passing travelers crossing paths at the cosmic nexus lead to long conversations with philosophical overtones deep into the heart of night. Strangers meet near the end of the earth and hash out the best possible way to move forward, coming to terms on evolutionary solutions to the problems that plague this world. Open season declared on the honest form of communication. High above, dancing through the constellations, shooting stars in a crystal clear sky become plastered with the pure intention of truth. Cascading energy flows freely from a source somewhat undefined. Edging out to the periphery. Looking over the abyss. Eying what potential fate awaits us.
Will America go the route of austerity, leading it to riot like Greece in the streets? Or the way of Iceland, auditing the privatized printing press and bringing about the realization that the fiat-created debt belongs to the central bank and not the people it tries to keep shackled with its fractional reserve monetary policies of madness. The main plank of the communist manifesto involves setting up a central bank. Another plank near the top of the list deals with establishing a graduated income tax. Ha. America got the wool pulled over its eyes quite awhile ago when the Federal Reserve was created. In fact, it’s been over a hundred years now since that whopper of a lie was laid on the backs of the population. And the Beast continues to swallow everything in its ungodly path to this very day.
Blinding lights flash and burn in apocalyptic rapture as the fiery sun makes its daily appearance, rising on the horizon with a spectacular show of solar fury. Either turn away or let the light wash over. Either choose the cover of shadows and cower away forevermore in apathetic ignorance, or step into the bright awareness of awesome illumination. Sometimes a wound must hurt a little bit first before it can eventually heal. So it goes. The muscle has to be broken down before it can grow stronger. So, too, must a phase shift go through a state of chaos before a higher level of order can emerge. Welcome to the Cycle of the Phoenix. The fire scorches everything in its wake. Naught but a pile of ash remains. The new energy rises from out the decay and forms a more harmonious inclination toward liberty and freedom. An Empire in decline. Personal sovereignty on the rise.
The neat trick that must somehow be pulled off now is to simultaneously erase all imaginary lines of boundary drawn by the creeps that make up the wicked Priest Class while also breaking away from the centralized, command and control, structural apparatus of the ruling elite toward the prospect of bringing about a more tribal, anarchic arrangement of civilization. Global awareness coupled with local government. The two opposites can be cohesive. The yin/yang balance act. The dichotic wholeness of completely dualistic Oneness.
Breathed in through clean lungs. Experienced intimately by a clean heart. Known rationally within a clean mind. Felt intuitively in the core of clean guts. Pushed forward via a clean intention. Seen perfectly with a clear purpose. Razor sharp. Steadfast. Focused in on the zero point.
Truth rallies strong in the bottom of the ninth. A hail marry pass from the fifty yard line as the clock winds down to the final tick, caught by a leaping wide receiver and tucked away as two safeties smash him to the turf in the end zone. A final second buzzer beater heaved up from behind half court.
Nothing but net as it swooshes through. Miraculous for the winners. A crushing defeat for those who had the game in their grasp until it slipped away in the final moments. A lesson learned on seeing things through to the end. Sometimes bitter. Sometimes full of sweet honey. Bear claw in the hive. Sticky substance to coat the teeth. A layer of fat for the winter weather. Cold snap fever induced upon entering the cave.
We can only do so much. But then must, somehow, find the will to do a little more. Push the envelope. Bend back the layers of reality. Peel the onion skin until the gaseous irritant makes you weep. What do you see beneath? What is revealed where you never thought to look? How far down the rabbit hole can you stand to go? Is the jump taken as a leap of faith? Or are you fighting the fall all the way to the bottom?
Hands up as the roller coaster dives down. Hearts lift as the conspiracy unravels. A cabal of secrets revealed. A horde of Dark Wizards exposed. Shamans unite to drive out the virus. Gurus on the street come together to fight off the plague. Yogis breathe a new type of ecstatic spiritual energy into the body politic. A Druid Priest Warrior of Light. An Angel Pagan Goddess of Love. Together, hand in hand, they enter the zone where peace reigns.
The inner illumination of greater graceful glory awakens with newfound purpose to shake loose the cobwebs from the kingdom of Heaven which resides within. The right side of God’s throne is centered in the third eye of pure consciousness. The seat of the soul. Nothing can stop an idea whose time has come. Nothing can hold back the wave that has risen on good intentions. Tsunami in the forecast. Big Bang Birth of the oncoming storm. Black ominous velvet clouds release their payload before the sky breaks open and the sunray shines through. It’s always darkest before the dawn.
Umbrellas at the ready shield us with shelter. Smooth and sanctified. Alert and called to attention. Hut Hut. Here comes the rush. Sidestep and tap dance away. Ballerina feet on the gridiron surface. Logic and emotion tied up with reason. Rational analysis of deep feelings. Science and spiritualism coalesce at a fine point. The Tao of Natural Law emerges in high fashion. Thermodynamic consequences enter a state of entropy. A nuclear ambition stalemate checked on the black and white floorboard. Which piece to move now? Which force will give first? An indomitable inertia puzzles the agenda and counteracts the initial resurgence. Everything gets laid out on the table. Double down and bet the farm. All the chickens are coming home to roost. Karma has a powerful way of equaling out all actions once the final judgment has been rendered.
If I pointed out that involvement in every major 20th-century conflict the US was part of occurred on liberals’ watch, it might not be entirely fair. True, there was WWI under Wilson, WWII under FDR, Korea under Truman, and Vietnam under Kennedy and Johnson. But the second Great War needed to be fought, four conflicts aren’t exactly a scientific sample, and some could contend that these men were, to some extent, victims of timing and circumstance. It also should be said that with modernity’s characteristic flaw of relativism causing ever shifting social visions, yesterday’s liberals aren’t like today’s. As to this, some may mention that it’s a tad tendentious to limit the conflict timeframe to the 20th century, with George W. Bush getting us into Iraq and Afghanistan. But like his father, Bush was always a traditional statist, an old-line liberal in the mold of JFK. Moreover, our Middle East adventures weren’t quite like Korea or Vietnam: the wars were won fast. The problem was winning the peace.
But, fair enough, the historical record itself isn’t sufficient to indict liberals as warmongers. No matter, though, because I don’t claim liberals are warmongers. They are ignorance and naïveté mongers.
Avoiding disastrous war is the stuff of foreign policy, and foreign policy involves dealing with other humans; as such, it can only be as good as your understanding of human nature. Thus, just as in the schoolyard or the street, your ability to avoid disastrous international fights will be commensurate with your understanding of human nature. Can you read people — some of whom are potential threats — well? Can you differentiate between a gathering storm that needs to be nipped in the bud and a situation exacerbated by meddling? Do you know what’s your business and what isn’t? Can you strike the balance between projecting the strength that deters aggression and seeming as a threat yourself? Complicating matters is that foreign policy is about dealing with foreign human beings, people sharing your basic nature but not your basic conception of the world.
Given this, it’s clear that a leader can only avoid unnecessary or disastrous war insofar as he grasps man’s nature. And how do liberals measure up in this area?
During the 1990s budget battles, liberals said that with the alleged Republican “budget cuts,” the elderly would have to eat dog food to afford medicine. Spoofing this, radio host Rush Limbaugh said that he purchased a new can opener for his mother “so that she can get the dog food easier when she has to eat it.” The next day, liberal Congresswoman Pat Schroeder took to the House floor and said, flabbergasted, “[T]his is what it’s come to! …Rush Limbaugh actually said he’s going to buy his mother a can opener so she can have dog food. Wow!”
Yeah, wow. Schroeder took seriously the most obvious of jokes. Talk about an inability to read people. Talk about a foreign human being.
Exhibit B: at a 1990s feminist conference in my area, I made a rather articulate statement during the question-and-answer session, prompting some agitated feminist organizers to subsequently approach me and ask if I represented some group. Finding me unpalatable, they ultimately begged out of the conversation by offering to send me literature and asking for my address. I consented but quipped, “As long as you don’t send a hit squad to my house.”
You guessed it. Schroederesquely, they took me seriously and said sternly, “We don’t do things like that.” Bizarre. Just bizarre.
Then I think of Charles Jenkins, an American soldier who spent 39 years in North Korean captivity. After finally returning to the US, he said about his arch-leftist captors, “[W]hen you lie they think you are telling the truth, and when you tell the truth they think you are lying. You learn real quick to say no when you mean yes, and yes when you mean no.” I guess the North Koreans are just like our leftists — only more so.
My last example concerns the nuclear-war scare of 1983. When the CIA reported that the Soviets actually thought NATO command-post exercise Able Archer 83 might be a prelude to a nuclear attack, President Ronald Reagan was shocked. Reagan’s deputy CIA director Robert Gates would later write, “Was the Soviet leadership so out of touch that they really believed a preemptive attack was a real possibility?”
Yes, they were.
They were leftists.
Of course, it’s no put-down to mention that just as the Soviets misread Washington, Reagan and, it appears, all his advisors misread the Soviets. We all fail in this regard at times, mistaking a joke for a serious comment, taking offense when none was intended or something else. Discernment is a continuum. But while some people occupy the Amazing Kreskin end of the scale, others populate the Schroeder end. And having such a person in power can mean the bitter end.
And what of Obama? Is he at all a mind-reader or just a Teleprompter reader? He misread ISIS, calling it the “JV team.” He misread the tribalistic, Muslim humans in Iraq, saying they had a “sovereign, stable and self-reliant” “representative government.” He misread the Middle East in general, stating “the tide of war is receding.” As the usually sympathetic New York Times wrote about the president, “Time and again, he has expressed assessments of the world that in the harsh glare of hindsight look out of kilter with the changed reality he now confronts.”
Moreover, just last week Obama said in Estonia that an attack on that nation (alluding to Russian aggression) would be considered an attack on all of NATO and be met with the “armed forces of the United States of America.” Huh? As Pat Buchanan pointed out, such a statement about Russia’s sphere of influence is unprecedented and is something Obama’s “Cold War predecessors would have regarded as certifiable madness.” Would the president really risk nuclear war over tiny Estonia? Was it prudent to enter Vladimir Putin’s backyard and saber rattle? Was Obama wise to send the message that he’s either the world’s worst bluffer or its most insane leader?
But, again, liberals are the Braille bunch of human understanding. Just consider their prescriptions for deterring criminals, disciplining children, interpreting sexual inclinations or perceived statuses, encouraging productivity, avoiding nuclear war (unilateral disarmament), dealing with bullies in schools, thwarting school shootings (gun-free zones) or just about anything else that involves understanding man’s nature. Like old Patsy, who mistook a most comedic comment for the most serious callousness, they don’t just get others wrong — they get things completely backwards.
Why is this? Because liberals live lives of rationalization, something debating them reveals. You can make an airtight point and a leftist not only won’t cede it, he’ll disgorge a completely absurd denial of reality. Of course, that’s what a rationalization is: when you lie to yourself, bend reality for yourself. And when you deny reality habitually, year after year — refusing to see one pixel here, another there, and a thousand others in different places — you never assemble enough elements of reality to see the big picture; this is called being out of touch with reality. Yet living in a Matrix of his own design, the person doesn’t know he’s thus detached. But the consequence is that he has difficulty discerning truth; he misreads people, events, life, the Universe and everything.
What explains liberals’ propensity for rationalization? Note here that by “liberals” I mean people who are relativists, who don’t believe in Absolute Truth, because this defines liberals (generally speaking) at the deepest level: the philosophical. And while we all may rationalize, there is a difference. If a person believes in Truth, he’ll likely care about it and be less likely to deny one of its inconvenient or uncomfortable aspects. He’ll be wont to say, “Okay, I don’t like reality here, but, heck, the Truth’s the Truth; I’ll just have to man up and accept it.” He also may understand, or at least sense intuitively, that denial of Truth is a moral defect.
But the person fancying that morality is just values and values are man-made, that everything is relative, approaches things differently. You can’t be denying Truth if Truth doesn’t exist; you’re just denying a different perspective. Moreover, even in matters of outright deception, such as peddling forged documents damaging to George W. Bush, what of it? A lie can’t be any worse than the “truth” in a relativistic universe. For everything there boils down to occultist Aleister Crowley’s maxim, “Do what thou wilt shall be the whole of the law.”
So what can we expect from our detached-from-reality ignorance mongers? Well, pondering this I’m reminded of a woman whose somewhat liberal husband would be namby-pamby with their son, let him take too many liberties and allow the tension to build, until he would explode and react to the boy inappropriately. That’s the danger with leftists. If anyone would get us into a really big war, it would be someone who misreads situations and other people, fails to take necessary preventive action, and then reacts rashly. It would be a liberal.
Of course, the bigger problem is the detached ignorance mongers who would elect an Obama — twice. But, hey, perhaps they can persevere if they maintain their ability to rationalize. After all, with the onset of a nuclear winter, there would be no reason to worry about global warming.
In 1932, the third year of the Great Depression, 25 thousand homeless and destitute WWI veterans and their families camped around Washington, DC urging the government of President Herbert Hoover to make an immediate payment of about $500 which had been authorized by the Adjusted Compensation Act of 1924 but was not due until 1945. Socialism had no yet grown roots and when these veterans lost their jobs they quickly fell into severe circumstances. They called themselves the Bonus Expeditionary Force (BEF).
Drew Pearson wrote that they were “ragged, weary, and apathetic”. Will Rogers said they held, “the record for being the best behaved” of any “hungry men assembled anywhere in the world.” Though the soldiers and their families had no weapons and could not even be called able bodied the government acted as if it was under siege.
Yes, they were a nuisance. They stank and some of them begged. The government spread the rumor that they were Communists. Business men complained that they hurt business.
Army Chief of Staff General Douglas MacArthur and his assistants Major Dwight Eisenhower and Major George Patton were assigned to rid the city of the vermin. Eisenhower’s friend Brigadier General George Moseley suggested they arrest the BEF and others “of inferior blood” and ship them off to one of the remote Hawaiian Islands where “they could stew in their own filth”.
President Hoover announced that veterans were “entirely of the Communist element” and troops would “put an end to the rioting and defiance of civil authority”. Presently, led by Major Patton, troops of the 3rd Cavalry marched down Pennsylvania Avenue brandishing sabers followed by a machine gun detachment, men from the 12 Infantry, and six tanks. Major Patton’s cavalry turned and charged directly into the crowd of unarmed protestors shouting “clear our”. Tear gas was thrown and men women and children began a disorderly flight. Three children were killed.
The main BEF camp was across the Eleventh Street Bridge. In spite of the fact the MacArthur had been ordered not to cross the bridge, according to Eisenhower, he defied the order and allowed Patton’s cavalry to march into the camp throwing tear gas and burning everything that was combustible.
William Manchester tells this story at the beginning of his two volumes “The Glory and The Dream”. He writes that “well to do Washingtonians in yachts cruised close to look at the show. And at 11:15 P.M. they had watched Major George S. Patton, Jr. lead his cavalrymen in a final destructive charge. Among the ragged bonus marchers routed by their sabers was Joseph T. Angelino, who, on September 26, 1918, had won the Distinguished Service Cross in the Argonne Forest for saving the life of a young officer named George S. Patton, Jr.
As the book progresses Manchester supplies the detailed results of the Great Depression. In 1932, stocks listed on the Big Board had lost 80 percent of their value. General Motors and U. S. Steel were at 8 percent of their 1929 value. Five thousand banks failed. The Gross National Product fell from 104 billion dollars to 41 and 273,000 families were evicted from their homes.
Farm prices fell so that it was cheaper to burn corn than to sell it and buy coal. Thousands of mortgage foreclosures made farm families homeless. But in spite of the rural catastrophe city dwellers could still not afford .39 cent butter, .21 cent prime rib, or .20 a dozen eggs.
Men left their families and rode freight trains to other town seeking work; they got a free ride but no work. Some school teachers worked without pay and many schools were closed. One percent of the population owned 59 percent of the wealth.
While this tragic devastation was in full swing the nation’s newspapers were singing songs of recover. “BUSINESS PULSE BEATING FASTER, factories reopening all over the country”; “BOOM AWAKENS TEXTILE PLANTS IN NEW ENGLAND, capacity production reported in some cities”; “TRADE UPTURN WITHIN 90 DAYS NOW EXPECTED”. Manchester writes, “Nowhere in any of these newspapers was there mention of the remarkable fact that in the United States of America, the richest country in the world, more than 15 million men were looking for jobs that did not exist.”
The suicide rate tripled and thousands packed union square in New York to hear Communist speakers. When upstart Franklin D. Roosevelt was elected by a landslide it was noted that the popular vote for Norman Thomas tripled. In some cities mobs broke into grocery stores and rifled the shelves, state houses were occupied, in Chicago teachers broke into the banks.
Peacenik Henry Ford began to carry a gun. The moneyed gentry retreated to their country homes and mounted machine guns on their roofs. The fuse was short and the nation was near anarchy when Roosevelt took over the presidency.
The Great Depression was an effective instrument to increase control over the populace by creating a dependent class. If that was the goal, it was a great success. President-elect Franklin D. Roosevelt assumed dictatorial powers with the blessing of many elected officials of both parties. This situation was dire and volatile. Roosevelt was able to remove the fuse and to employ an array of Socialist programs that became permanent parts of American life.
Jumping ahead to the present era, the United States of America, formerly the richest country in the world, is now a tyrannical socialist state where millions of citizens depend on government welfare. The current depression is not yet as brutal as its predecessor but in spite of the propaganda that things are getting better millions of Americans remain out of work and millions more are severely under employed. Now, as then, veterans have become social flotsam and are often treated with suspicion by the government they served.
If severe economic depressions are unavoidable and not intended by devious power centers with ulterior motives, government assistance has been beneficial; so far we have survived without the guillotines of the French Revolution. Martial law would have been imposed long ago if government support had not calmed the populace. As the strong arms of government keep us from falling it must be noted that the cost of the strength of governments must be paid by its citizens – governments produce nothing.. When the wealth well runs dry the inevitable results of bankruptcy will explode and government will have secured ultimate power.
There are glaring parallels between our current situation and the 1929 debacle. Depressions http://en.wikipedia.org/wiki/
America’s armed forces are attempting to subdue the Muslim world which forbids usury and is less susceptible to the Currency Lords. This strategy will destroy America and subdue Islam killing two major impediments to world government.
When governments wiggle out from under the dominion of the One True God (Lex Rex) and begins to see themselves in divine terms (Rex Lex) the world begins to march down a deadly road. It has been marching down that road for several decades and we are beginning to see the mother of all empires in the distance.
The current attempt to subdue the entire continent under a single Rex Lex government is a deadly misadventure that the One True God is allowing because the citizens of the world have forsaken His dominion in favor of the dominion of men.
We are living under a tyrannical government because we have chosen to rule our own lives and to appoint human rulers who rule according to their evil proclivities. When God’s people begin to humble themselves and seek His Will (obedience to His Law) instead of their own faulty reasoning we will be able to progress toward freedom.
Nations, rulers, leaders, pastors and citizens must attend to the Law of the Creator if we ever expect to see freedom again.