Evening Blues Preview 8-3-15
This evening's music features Chicago blues guitarist, singer and songwriter John Brim.
Here are some stories from tonight's posting:
US Corruption vs. World Corruption
One of the most hilarious things to me is Americans whacking other countries for being corrupt. Russia is a favorite target, but the US abuses virtually every non-Western country for “corruption.”
There is no more corrupt country in the world than the US. The bank bailouts were pure corruption, performed even though a supermajority of the population was against them, even though the banks had broken the law systematically, and even though the banks were bankrupt due to decisions they knew were corrupt, illegal, and (yes), stupid.
The US election system is flagrantly corrupt, with billions of dollars of direct and indirect donations from the rich. ... The regulatory class is completely owned. There is a revolving door between Wall Street and the Treasury and Federal Reserve, for example, and Wall Street pays far better. When senior officials leave, they get jobs from those whom they regulated, or give speeches for six figures a pop. Politicians are treated the same, receiving lobbying jobs worth six to seven figures, board positions, and so on.
This is all legal, but it is corruption. ...
What is unique about America is not its corruption, many countries are corrupt, it is the sheer hypocrisy the pretense that America is not corrupt, because Americans have made their corruption legal.
You want corruption back to reasonable levels? You want it illegal again? Take the oligarchs’ wealth away from them and break the great monopolistic and oligopolistic companies or bridle them with uncorrupted regulators who will crawl up their backside and tax the hell out of them.
You want you country back, and your children and yourselves to have a future?
It’s you or them. So far Americans keep choosing them.
Barry Ritholtz lets the banksters have it with both barrels, this article is worthy of a full read.
Who Really Benefits From Bailouts?
I always find it amusing whenever someone expresses surprise that the financial bailouts for Greece haven't benefited Greek citizens. "Bailout Money Goes to Greece, Only to Flow Out Again" in the New York Times is just the latest example. "The cash exodus is a small piece of a bigger puzzle over why — despite two major international bailouts — the Greek economy is in worse shape and more deeply in debt."
Unfortunately, this is a feature of bailout, not a bug.
A plethora of financial rescues during the past decades has proven quite convincingly that this isn't an aberration. Follow the money instead of following the headlines. That's how you learn who profits from a bailout.
Look around the world -- Japan, Sweden, Brazil, Mexico, Ireland, the U.S. and now Greece to learn who is and isn't helped by these enormous government-backed bailouts. No, it isn't the Greek people, nor even their banks. They never were the intended beneficiaries of the bailouts, nor were Irish citizens in that bailout. ... You probably learned the phrase "moral hazard" during the financial crisis. In short, what it means is that the bailouts rescued leveraged, reckless speculators from the results of their unwise professional folly and gave them an incentive to do it all over again. They were and the intended rescuees. ...
Which brings us back to Greece.
Its leaders never learned the lesson that Ireland eventually figured out and tiny Iceland understood from the start. The phrase systemic risk is nothing more than code; what it actually means is that a politically connected banker wants the government to cover losses on bad investments.
In the case of Greece, the money flows in large part from European governments and the International Monetary Fund through Greece, and then to various private-sector lenders. We all call it a Greek bailout, because if it were called the "Rescue of German bankers from the results of their Athenian lending folly," who would support it?
Obama Administration Celebrates its Arming of the Egyptian Regime With a YouTube Video
The Egyptian regime run by the despotic General Abdelfattah al-Sisi is one of the world’s most brutal and repressive. Last year, Human Rights Watch documented that that Egyptian “security forces have carried out mass arrests and torture that harken back to the darkest days of former President Hosni Mubarak’s rule.” Just two months ago, the group warned that the abuses have “escalated,” and that Sisi, “governing by decree in the absence of an elected parliament, ha[s] provided near total impunity for security force abuses and issued a raft of laws that severely curtailed civil and political rights, effectively erasing the human rights gains of the 2011 uprising that ousted the longtime ruler Hosni Mubarak.”
Despite that repression – or, more accurately, because of it – the Obama administration has lavished the regime with aid, money and weapons, just as the U.S. Government did for decades in order to prop up Hosni Mubarak. When Sisi took power in a coup, not only did the U.S. Government support him but it praised him for restoring “democracy.” Since then, the U.S. has repeatedly sent arms and money to the regime as its abuses became more severe. As The New York Times delicately put it yesterday, “American officials . . . signaled that they would not let their concerns with human rights stand in the way of increased security cooperation with Egypt.” ...
The Leader of the Free World’s long and clear history of lavishing the world’s most repressive regimes with money and weapons is usually carried out with a bit of stealth, so that its inspiring, self-flattering rhetoric about Supporting Freedom and Democracy – used to justify invasions and other forms of imperial domination – will be credible to its domestic media and population (even if to nobody else in the world). But this week, the U.S. Government not only proudly touted its sending of weapons to the Cairo regime, but published a video celebrating it.
The US delivered 8 new F16s to the Egy Air Force this week - watch them fly over Cairo! #تحيا_مصر https://t.co/5CjJw7xqOh
— US Embassy Cairo (@USEmbassyCairo) July 31, 2015
“I really consider President and Mrs. Mubarak to be friends of my family.”
-- Hillary Clinton
War President Obama Authorizes Ongoing Airstrikes Against Syria
Escalation increases chances of direct military clashes between U.S. military and President Bashar al-Assad
President Barack Obama has authorized the use of airstrikes against targets inside Syria in order to defend Western-backed fighters now operating on the ground, according to administration officials who spoke with journalists off the record over the weekend and later confirmed by the Pentagon.
According to the Wall Street Journal, the new authorization was approved Friday in order to defend "a new U.S.-backed fighting force in Syria if it is attacked by Syrian government forces or other groups" and now raises "the risk of the American military coming into direct conflict with the regime of President Bashar al-Assad."
Citing a U.S. defense official, Bloomberg reports that Obama's authorization was quickly followed by airstrikes in Northern Syria against the al-Nusrah Front, an al-Qaeda offshoot, which was attacking U.S-backed fighters—thought to be a militia called "Division 30"—whose purported goal is to defeat Islamic State. The U.S. provided close air support to protect the rebels and quash the attack, the official said.
Obama's deal with Turkey is a betrayal of Syrian Kurds and may not even weaken Isis
The deal between the US and Turkey which will allow American bombers to use Incirlik airbase while Turkey takes action against Islamic State (Isis) looks stranger and stranger. When first announced over a week ago, US officials spoke triumphantly of the agreement being “a game-changer” in the war against Isis. In fact, the war waged by Turkey in the days since this great American diplomatic success has been almost entirely against the Kurds, at home and abroad. ...
At the time of writing, US aircraft have not started using Incirlik and the reason is that Turkey does not want US aircraft using it to launch air strikes in support of the Syrian Kurds who have hitherto been America’s most effective military allies against Isis in Syria. ... Turkey is now demanding that US planes based at Incirlik not be used in support of the PYD/YPG because they are the Syrian branch of the PKK which Turkey is busy trying to destroy with its own air campaign. But US bombing in Syria has mostly been in support of the YPG in the north-east of the country and against Isis-held oil and gas fields in other provinces.
Even if this dispute is ultimately resolved, it highlights the contradiction at the heart of US policy: Washington is teaming up with a Turkish government whose prime objective in Syria is to prevent the further expansion of PYD/YPG territory which already extends along 250 miles of the 550-mile-long Syrian-Turkish border. In brief, Ankara’s objective is the precise opposite of Washington’s and little different from that of Isis, which has been battling on the ground to hold back the PYD/YPG advance. ...
In terms of the stability of the region President Barack Obama may turn out to have made a poor deal with Turkey. It will not be a killer blow to Isis and may not even weaken it, but it will hit the Kurds who have been IS’s most resolute opponents. It will spread the violence stemming from the civil wars in Iraq and Syria into Turkey. And it will rekindle a Kurdish-Turkish civil war that had long been on the wane.
The game may have changed but peace is even further away.
From 9/11 to Mass Surveillance, The Man Who Knew Too Much - Thomas Drake
From the exploding pantsuits on fire department:
Cables Show Hillary Clinton's State Department Deeply Involved in Trans-Pacific Partnership
Democratic presidential candidate Hillary Clinton on Thursday attempted to distance herself from the controversial 12-nation trade deal known as the Trans-Pacific Partnership. During her tenure as U.S. secretary of state, Clinton publicly promoted the pact 45 separate times -- but with her Democratic presidential rivals making opposition to the deal a centerpiece of their campaigns, Clinton now asserts she was never involved in the initiative.
"I did not work on TPP," she said after a meeting with leaders of labor unions who oppose the pact. "I advocated for a multinational trade agreement that would 'be the gold standard.' But that was the responsibility of the United States Trade Representative."
But at a congressional hearing in 2011, Clinton told lawmakers that "with respect to the TPP, although the State Department does not have the lead on this -- it is the United States Trade Representative -- we work closely with the USTR." Additionally, State Department cables reviewed by International Business Times show that her agency -- including her top aides -- were deeply involved in the diplomatic deliberations over the trade deal. The cables from 2009 and 2010, which were among a trove of documents disclosed by the website WikiLeaks, also show that the Clinton-run State Department advised the U.S. Trade Representative’s office on how to negotiate the deal with foreign government officials.
Rootsaction is petitioning Bernie Sanders to take a position on issues of war, militarism and foreign policy. Click the link to sign the petition.
Bernie Sanders, Speak Up: Militarism and Corporate Power Are Fueling Each Other
With a strong grassroots campaign for president, Senator Bernie Sanders is denouncing corporate power, economic inequality and “oligarchy.”
But he’s saying very little about crucial issues of war, militarism and foreign policy.
Martin Luther King Jr. explicitly and emphatically linked the issues of economic injustice at home with war abroad. Bernie Sanders should do the same.
Adequate funds for programs of economic equity and social justice will require an end to what Dr. King called “the madness of militarism.”
Overcoming militarism is just as vital as overcoming oligarchy. We won’t be able to do one without the other.
Keiser Report: The Precariat - The Dangerous New Class
Folks who remember Scott Wooledge, who used to be a frontpager at Daily Kos will be gratified to know that he is still out there making a difference:
Queer Activist’s Petition To Extradite Cecil the Lion’s Murderer Skyrockets To The White House
By now we’re all outraged by the death of Cecil the Lion, a beloved resident of Zimbabwe’s Hwange National Park, who was shot by Minnesota game hunter Walter Palmer.
But one gay man is turning that outrage into activism: Scott Wooledge, the creator of the social-awareness platform Memeographs, launched a WhiteHouse.gov petition asking the Administration to extradite Palmer to Zimbabwe to submit to inquiry and (likely) stand trial.
Wooledge’s petition, which has garnered more than 211,000 signatures since Tuesday, has been reported on by CNN, the NBC Nightly News and other major outlets.
Comments
Posted without comment
Oh. My. Gods.
If that were my child I would be in jail for assaulting the Officer.... that is horrific!
Please help the Resilience Resource Library grow by adding your links.
First Nations News
every parent of any child in that school
should be outraged at this.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
I don't have enough cuss words to
relieve the feelings of utter contempt for this travesty. Heartbreaking sad.
My deaf son had some difficult times at school
during his elementary years. Many times I was called from work to come get him because the staff couldn't
handle him. I'd come to school and they'd have him corralled behind some partitions or in a room with
five or six teachers there. Fortunately they never called the cops. It was a deaf school so they were used to
dealing with kids with disabilities and emotional problems. If I'd have come from work and seen something like
this, heads would have rolled right then and there.
F'ing Rosemond
The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself. - Friedrich Nietzsche -
Is that for real?
If yes, the Rosemond should be in a mental facility with a straight jacket so that he can't beat up anyone anymore. Isn't it against the law to beat your child real bad? And wouldn't it be an incitement to a hate crime telling parents to violently beat their children? Sometimes it feels as if a substantial number of people are psychiatric cases and I can't imagine that these parents become that way without being heavily brainwashed. But by whom?
https://www.euronews.com/live
Cookie jar Clinton
Thanks for posting the video, Joe; hope it goes viral.
A petition to try to get a presidential candidate to talk
about militarism, war, and foreign policy. That's interesting. That's where the rubber meets the road.
But what about the word, imperialism? Are they afraid to use it? Militarism is one thing but imperialism is quite
another, especially imperialism meant to gain hegemony over the entire planet. Sanders is not going to come out
against that. The best he's said is he wants other NATO countries to spend more on militarism so the U.S.
doesn't have to.
In the end there's nothing any presidential candidate can do or will do about U.S. imperialism and the
accompanying wars and militarism, Obama proved that once and for all.
But it's true, without ending imperialism, all the other talk about social programs is a pipe dream.
I hoped he would be critical of the NATO itself
what is the NATO good for? Seems to me it creates more problems than it solves. Just look at Eastern Europe. I guess the word Imperialism isn't well defined in average people's minds. May be because it's a word out of the old vocabulary chest of the "radical left" of the fifties and sixties? These days people need new words, hopefully some that are descriptive.
https://www.euronews.com/live
Turkish Kurds
To give you some idea of how complicated things are there.
Meanwhile, Turkey and the PKK are gearing up for a return to war.
Greek economy in total collapse
The Greek stock market plunged 16% today...and that's the good news.
However, the real bad news came in this form.
I have never seen a PMI chart look this bad before.
looks like the banksters are getting just what they wanted...
soon it'll be time for the vultures to descend and pick the bones clean.
Lately
there have been days where I alternate between anger and crying. Unfortunately, I am afraid that the crying is starting to win out.
I just want to thank you Joe for the videos of Thomas Drake and Paul Jay whom I think is a great interviewer. Drake is a tough duck to pin down and I actually understand why because I worked with people like him. Anyway, the two parts of this interview were fascinating and sometime frustrating due to Drake's type A personality. Still Drake is a hero.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
What do you mean by type A pesonality?
I met him once in person and he spoke a little more like in a private circle. I think he suffers under trauma and depression and probably is haunted by recurring visions. He said about himself that his life experiences made him physically sick. I could imagine he has ulcers and sleep disorders. He went through an awful lot. He probably is so tired of repeating his story to the outside world without making mistakes of misspeaking in a way that it harms him, that he sounds impatient. I think it's still his mission to bring his case to the court of public opinion and this seems to be quite difficult to do, considering that people don't interview him anymore that often and the main events happened quite a long time ago.
I found Kiriakou much more difficult to "pin down".
https://www.euronews.com/live
I was not being critical of Thomas Drake
I saw him as a very intelligent, but impatient man in the interview. Impatience is one of the characteristics of a type A personality.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
oh, got it, sorry for my comment sounding offensive,
didn't mean it that way. I guess, I just related him being impatient to his past, not to a characteristic. The guy just makes me having some pity for him. Him and Keriakou both lost their wives (I think both also worked for the NSA or CIA, don't remember) to divorce and lost jobs, Drake works a low level job now, considering his expertise, so I just feel for the guy. I am even amazed they can control themselves so well.
Sorry for making you feel uncomfortable with my remark. Peace, pretty please?
https://www.euronews.com/live
No problem, mimi
We are cool! 8)
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
Reading Chris Floyd for his honest look at America's empire.
Empire Burlesque, as he calls his blog.
http://www.chris-floyd.com/Articles/2505-xpotuses-in-paradise-bill-and-g...
http://www.chris-floyd.com/Articles/2495-inglorious-goobers-progressives...
thx. for the links, you know somehow I can't stand anymore
"smart" important people sitting down on a stage and representing themselves and their utter brilliance to the world. The TED talks and the panels and the face to face "chatting" in front of an audience has been so overdone that it is getting an awful spectacle in "humble" self-promotion with a human touch and a bit of self-deprecating humor at times. Still, a spectacle I rarely enjoy anymore.
https://www.euronews.com/live
NY Times pushes false narrative on Wall Street crash of 2008
http://wallstreetonparade.com/2015/08/new-york-times-pushes-false-narrat...
I had forgotten that aspect of it, that they showered money on banks and financial firms all around in order to conceal the fact that Citigroup was an outlier, in much worse shape than anyone else.
President Carter: U.S. is now just an oligarchy
http://jessescrossroadscafe.blogspot.nl/2015/07/president-carter-us-now-...