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.


“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.

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Martha Pearce-Smith's picture

If that were my child I would be in jail for assaulting the Officer.... that is horrific!

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Please help the Resilience Resource Library grow by adding your links.

First Nations News

gulfgal98's picture

should be outraged at this.

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Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

smiley7's picture

relieve the feelings of utter contempt for this travesty. Heartbreaking sad.

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Big Al's picture

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.

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NCTim's picture

Hello, I'm conservative parenting columnist John Rosemond. My column, in which I give ridiculous advice to unwitting morons, is syndicated all over the United States. You can read my column in the La Crosse Tribune, the Pioneer Press, and over 198 other newspapers.

Today we'll be taking letters from various readers, and answering them with a complete disregard for modern laws or human rights. Our first letter comes from Valerie Buthra, of Janesville, KY. Valerie writes,

My 3 year old is getting out of control. He has two problems: 1. He is too loud. 2. He has developed a habit of name calling. Please help!

Dear Valerie,
In my vast experience in writing this column, I have heard from many parents who have had similar troubles. The answer to your problem is easy: beat the child unmercifully. Then take all his toys and break them in front of him, and tell him it's his fault. Then beat him again until he is unable to speak. I guarantee you that your household will soon be the quietest place in the neighborhood.

Let's go on to our next letter. Todd Pochek, of Richmond, CA, writes,

My wife is the breadwinner in the family, which leaves me at home taking care of our son, Joshua. I don't mind this unorthodox setup at all, but some people just can't handle it. How can I help people understand?

Dear Todd,
In my vast experience in writing this column, I have heard from many parents who have had similar troubles. The answer to your problem is easy: you need to get a job, and your wife needs to quit her job, put on an apron and do housework, like women are supposed to do. I'm John Rosemond, and my vast years of writing a parenting column have taught me that women who work an actual job are the sole cause of every problem with children today. Sure, only highly stubborn and behind-the-times fundamentalists enjoy the outdated, highly sexist advice in my column, but who cares? I'm John Rosemond, and the fact that some idiot actually gave me a column at some point in time keeps me from ever being wrong.

Ahem. So anyway, Todd, after your wife has been rightfully eradicated from her job, freedom and individual rights, begin beating your child on a regular basis. Even if the child has done nothing wrong, a savage beating every three to four hours never hurt or caused emotional problems in any child.

Let's move on to our last letter of the day, from Edna Bernstein of Esko, MN. Edna writes,

I love my grandchildren, and do my best to make sure they know it. I show them affection, bake them cookies and do everything else I can to show them they are special. Perhaps you could write a column including tips from other grandmothers on what special things they do for their grandchildren?

Dear Edna,
In my vast experience in writing this column, I have heard from many grandparents who have written similar letters. If there's one thing grandparents and parents alike can do to show they love their children, it's performing near-lethal beatings on them. Perhaps you can team up with the parents on certain nights of the week and beat the children together. Another idea: on Christmas eve, you and the parents could all hide in wrapped boxes under the tree. The next morning, when the children opened the boxes expecting gifts, you and the parents could pop out and start beating them. After making them bleed, you could stand in front of the children, burning copies of their school pictures and telling them that you hate them. They'd certainly be more polite and well-behaved after that Christmas morning.

Yes, whether children are good or bad, nothing makes them more disciplined than violence, low self-esteem and mass disappointment. Take it from me, John Rosemond. I swear, my adult children aren't in therapy as much as you'd think.

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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 -

mimi's picture

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?

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smiley7's picture

Thanks for posting the video, Joe; hope it goes viral.

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Big Al's picture

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.

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mimi's picture

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.

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To give you some idea of how complicated things are there.

So when he started frequenting a tea house known as an Islamic State recruiting center last year, his parents went to the police and implored them to detain their son before he could do any harm. On June 5, the 20-year old set off a bomb at a Kurdish political rally in the nearby city of Diyarbakir, killing four people and injuring dozens, officials said.

And two weeks ago, another young Kurd from Adiyaman blew himself up in the middle of a rally of student activists, killing 31 people preparing to go help rebuild Kobani, the Syrian-Kurdish town that overcame a long Islamic State assault in January.

The two attacks exposed a troubling phenomenon: Islamic State appears to be successfully wooing young Turkish Kurds, while their kinsmen in Iraq and Syria—for the most part—are taking up arms against Islamic State. Kurdish militants in Syria, backed by U.S.-led airstrikes, have become the single most effective fighting force on the ground against the extremist group.

Meanwhile, Turkey and the PKK are gearing up for a return to war.

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The Greek stock market plunged 16% today...and that's the good news.

Investors issued a vote of no confidence in Greece’s economy on Monday, dumping stocks as trading on the Athens exchange resumed for the first time in five weeks.
A plunge of more than 16 percent for the main Greek index and a 30 percent sell-off for bank stocks were the latest signs of Greece’s shattered economy.

However, the real bad news came in this form.

The Greek debt crisis has pummelled the country's manufacturing sector, which registered a stunning decline in confidence in July. The Greece purchasing managers' index (PMI) score went through the floor, falling to just 30.2 last month, as employment fell at the fastest rate in Markit's 16 years of measuring the Greek manufacturing sector.
Anything below 50 signals that a sector is in recession, but generally the figure hovers around that level. A score of 60 is considered to be a serious boom, and a figure of 40 would be seen as a major crisis. We're now 10 points below that.

I have never seen a PMI chart look this bad before.
greekpmi.png

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joe shikspack's picture

soon it'll be time for the vultures to descend and pick the bones clean.

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gulfgal98's picture

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.

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Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

mimi's picture

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".

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gulfgal98's picture

I saw him as a very intelligent, but impatient man in the interview. Impatience is one of the characteristics of a type A personality.

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Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

mimi's picture

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?

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gulfgal98's picture

We are cool! 8)

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Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

mimi's picture

"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.

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lotlizard's picture

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.

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