<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-5090441192101088227</id><updated>2011-11-18T10:41:30.964-06:00</updated><category term='US Drone Attacks'/><category term='Third World'/><category term='China'/><category term='Free Gaza Humanitarian Flotilla'/><category term='Mathusianism'/><category term='Afghanistan War'/><category term='Total Petroleum Hydrocarbons'/><category term='Global Warming'/><category term='Palestinians'/><category term='Gulf Respiratory Syndrome'/><category term='Second Intifada'/><category term='Tumor Formation in ESCR'/><category term='Neo-Con&apos;s'/><category term='Severe Depression'/><category term='BP British Petroleum'/><category term='Interest Rates'/><category term='NAFTA'/><category term='Jewish Nationalism'/><category term='Liberating Iraq'/><category term='War Profiteering'/><category term='Corporatism'/><category term='CIA Backed Coup&apos;s'/><category term='Strategic Ambiguity'/><category term='Categorical Imperative'/><category term='Doctor Mary&apos;s Monkey'/><category term='911 Commission'/><category term='Gulf Loop Current'/><category term='Carbon Tax'/><category term='Iranian Counter-Revolution'/><category term='KKK'/><category term='Demographic Suicide'/><category term='Internet Pornography'/><category term='Liberal Class'/><category term='Oil Eating Microbe'/><category term='Doomsday Project'/><category term='George H. 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term='Libyan Revolution'/><category term='WTO'/><category term='Covert Action'/><category term='PVS'/><category term='Biological Weapons Treaty'/><category term='Consumer Debt'/><category term='Gulf Oil Spill Clean-up'/><category term='Unitary Executive'/><category term='Global Elites'/><category term='Cognitive Dissonance'/><category term='Gulf Oil Disaster'/><category term='Carrying Capacity'/><category term='Palestine Red Crescent'/><category term='Gulf Oil &quot;Spill&quot;'/><category term='IDF'/><category term='International Bankers'/><category term='Minerals Management Service'/><category term='Gulf Oil Leak'/><category term='Gay &quot;Rights&quot;'/><category term='Progressivism'/><category term='Wisdom. 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Corexit'/><category term='Financial Deregulation'/><category term='Bretton Woods 2'/><category term='Mechanism'/><category term='CNN'/><category term='JFK American University Speech'/><category term='Arab Spring'/><category term='Same Sex &quot;Marriage&quot;'/><category term='Nuclear Bombs'/><category term='Radical  Zionism'/><category term='Pakistan Drone Attacks'/><category term='Pre-emption'/><category term='BP Bankruptcy'/><category term='LIbyan Oil'/><category term='Medicaid'/><category term='Martin Luther King Jr. FBI'/><category term='Attack on Gaza Peace Flotilla'/><category term='Thomistic Morality'/><category term='Julian Assange'/><category term='Gulf of Mexico'/><category term='Israeli Missile Defense'/><category term='Pschological Operations'/><category term='Corporate Internationalists'/><category term='Health Care Reform'/><category term='Human Dignity'/><category term='Sectarian Violence'/><category term='Free Market Capitalism'/><category term='Bigamy'/><category term='IMF'/><category term='Gaza Freedom Flotilla'/><category term='Reconstruction Finance Corporation'/><category term='US Nazification'/><category term='Iran Sanctions'/><category term='Worldwide Weapons Sales'/><category term='Holocaust'/><category term='Obama Care'/><category term='Goverfnment Default'/><category term='Israeli War On Iran'/><category term='Multinationalism'/><category term='Jones Act'/><category term='John Foster Dulles'/><category term='Bank De-Regulation'/><category term='American Regime'/><category term='Climate Crisis'/><category term='Housing Crisis'/><category term='Influence Peddling Scam'/><category term='Bank Bailout'/><category term='Poverty Rate'/><category term='Utilitarian Calculus'/><category term='Bioethics'/><category term='US Dollar'/><category term='Torah Jews'/><category term='Horizon Deep Water Blow-out'/><category term='Equality of Life Ethic'/><category term='Financial Reform Legislation'/><category term='Palestine Papers'/><category term='Islamists'/><category term='Globalization'/><category term='Macondo Oil Well'/><category term='Inflation Rate'/><category term='UNFCCC'/><category term='deception'/><category term='Derivatives Commodities and Futures Modernization Act'/><category term='Submarine'/><category term='Media Elite'/><category term='Labor Unions'/><category term='Water Borne Disease'/><category term='SITE'/><category term='Politics'/><category term='Cold War'/><category term='Extradition of Julian Assange'/><category term='Lebanon'/><category term='Geron Corp'/><category term='Big Business'/><category term='Preventive War Doctrine'/><category term='Big Oil'/><category term='Bioterrorism'/><category term='Middle East'/><category term='Re-Marriage'/><category term='Nuclear Bomb Gulf Oil Leak'/><category term='911 New Investigation'/><category term='Gulf Macondo Well'/><category term='polycyclic Aromatic Hydrocarbons'/><category term='NSA'/><category term='Lack of Trust'/><category term='Offensive Nuclear Weapons'/><category term='Warren Commission Report'/><category term='Middle East Security'/><category term='Arab Nationalism'/><category term='Gulf Tsunami'/><category term='Hosni Mubarak'/><category term='Bahrain'/><category term='BP'/><category term='Global War on Terror (GWOT)'/><category term='War on Terror'/><category term='North Vietnam'/><category term='Irgun'/><category term='Dr. Mary Sherman'/><category term='Rabid Unbridled Capitalism'/><category term='Paleoconservatism'/><category term='Dr. Alton Ochsner'/><category term='White House Bunker'/><category term='Wesley Clark'/><title type='text'>Moral Philosophy and Current Events</title><subtitle type='html'>A blog which is dedicated to the use of Traditional (Aristotelian/Thomistic) moral reasoning in the analysis of current 
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--Dr. J. P. Hubert</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><link rel='next' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default?start-index=101&amp;max-results=100'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>827</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-4779121046884149826</id><published>2011-11-18T10:41:00.000-06:00</published><updated>2011-11-18T10:41:31.003-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Housing Crisis'/><category scheme='http://www.blogger.com/atom/ns#' term='US National Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='Global Financial Crisis'/><title type='text'>1 Through 30 – The Coming U.S. Financial Crisis By The Numbers</title><content type='html'>&lt;strong&gt;&lt;a href="http://endoftheamericandream.com/archives/1-through-30-the-coming-u-s-financial-crisis-by-the-numbers"&gt;The American Dream&lt;/a&gt;&lt;/strong&gt;&lt;br /&gt;Friday, November 18, 2011&lt;br /&gt;The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.  Hopefully you have started to prepare for the coming U.S. financial crisis.  If not, hopefully this article will be a wake up call for you.&lt;br /&gt;&lt;div class="caption right"&gt;&lt;img alt="" height="200" src="http://www.american.com/archive/2008/october-10-08/panics-and-politics/FeaturedImage" style="margin-bottom: 5px; margin-top: 5px;" title="Gold" width="320" /&gt;&lt;br /&gt;&lt;strong&gt;&lt;/strong&gt;&lt;/div&gt;Right now, governments all over Europe are on the verge of financial implosion.  Most Americans aren’t paying much attention to that, but they should be, because what is happening to Greece and Italy right now will eventually be happening here.  Just recently, the U.S. national debt passed the 15 trillion dollar mark.  State and local government debt is also at record levels.  Tens of millions of American families are in debt up to their eyeballs, and millions more Americans fell into poverty last year.  Meanwhile, the “too big to fail” banks just keep getting larger and the Federal Reserve continues to inflate the debt bubble.  At some point this debt bubble is going to burst, and when it does it is going to unleash financial hell all over America.&lt;br /&gt;Below you will find a list of numbers – 1 through 30.  For each number, a statistic has been chosen that demonstrates the financial nightmare that the United States is facing.  It is simply not possible to rack up debt at staggering rates forever.  At some point the debt spiral is going to stop.&lt;br /&gt;A lot of politicians are claiming that they can stop the coming financial crisis from happening.  But the truth is that unless our entire financial system is fundamentally transformed, nothing is going to be able to stop the financial nightmare that is headed our way.&lt;br /&gt;Unfortunately, the vast majority of our politicians still believe that the current financial system can be fixed and the vast majority of them still fully support the Federal Reserve.&lt;br /&gt;That is going to prove to be a gigantic mistake.  The following are 30 facts that show that the United States is heading directly for a massive financial crisis….&lt;br /&gt;&lt;strong&gt;1&lt;/strong&gt; – For fiscal year 2011, the U.S. federal government had a budget deficit of&lt;a href="http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201110141417dowjonesdjonline000481&amp;amp;title=us-runs-1299-trillion-budget-deficit-in-fiscal-2011" target="_blank" title="nearly 1.3 trillion dollars"&gt;nearly 1.3 trillion dollars&lt;/a&gt;.  That was the third year in a row that our budget deficit has topped one trillion dollars.&lt;br /&gt;&lt;strong&gt;2&lt;/strong&gt; – The balance sheet of the Federal Reserve has been ballooning like crazy.  At this point, the Federal Reserve has very little capital backing a balance sheet that is&lt;a href="http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html" target="_blank" title="well over 2 trillion dollars"&gt;well over 2 trillion dollars&lt;/a&gt;.&lt;br /&gt;The following is how &lt;a href="http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html" target="_blank" title="Michael Pento of Euro Pacific Capital"&gt;Michael Pento of Euro Pacific Capital&lt;/a&gt; describes the situation that the Fed is in….&lt;br /&gt;&lt;blockquote&gt;&lt;em&gt;Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.&lt;/em&gt;&lt;/blockquote&gt;&lt;strong&gt;3&lt;/strong&gt; – It is being estimated that it would take a total of &lt;a href="http://www.businessinsider.com/europe-is-screwed-and-theres-only-one-way-out-2011-11" target="_blank" title="3 trillion euros"&gt;3 trillion euros&lt;/a&gt; to bail out all of the countries in Europe that are in imminent danger of financial implosion.  Europe is heading for a gigantic financial crisis, and when it happens the United States is going to be dragged down as well.&lt;br /&gt;&lt;strong&gt;4&lt;/strong&gt; – As the U.S. economy continues to decline, millions of American families are having a very hard time feeding themselves.  Today, one out of every seven Americans is on food stamps and &lt;a href="http://www.nytimes.com/2009/11/29/us/29foodstamps.html" target="_blank" title="one out of every four"&gt;one out of every four&lt;/a&gt; American children is on food stamps. &lt;script type="text/javascript"&gt;&lt;!--//&lt;![CDATA[   var m3_u = (location.protocol=='https:'?'https://rotate.infowars.com/www/delivery/ajs.php':'http://rotate.infowars.com/www/delivery/ajs.php');   var m3_r = Math.floor(Math.random()*99999999999);   if (!document.MAX_used) document.MAX_used = ',';   document.write ("&lt;scr"+"ipt type='text/javascript' src='"+m3_u);   document.write ("?zoneid=74");   document.write ('&amp;amp;cb=' + m3_r);   if (document.MAX_used != ',') document.write ("&amp;amp;exclude=" + document.MAX_used);   document.write (document.charset ? '&amp;amp;charset='+document.charset : (document.characterSet ? '&amp;amp;charset='+document.characterSet : ''));   document.write ("&amp;amp;loc=" + escape(window.location));   if (document.referrer) document.write ("&amp;amp;referer=" + escape(document.referrer));   if (document.context) document.write ("&amp;context=" + escape(document.context));   if (document.mmm_fo) document.write ("&amp;amp;mmm_fo=1");   document.write ("'&gt;&lt;\/scr"+"ipt&gt;");//]]&gt;--&gt;&lt;/script&gt; &lt;br /&gt;&lt;br /&gt;&lt;noscript&gt;&amp;lt;a href='http://rotate.infowars.com/www/delivery/ck.php?n=a44dee25&amp;amp;cb=1654322' target='_blank'&amp;gt;&amp;lt;img src='http://rotate.infowars.com/www/delivery/avw.php?zoneid=74&amp;amp;cb=1654322&amp;amp;n=a44dee25' border='0' alt='' &lt;/noscript&gt;&lt;strong&gt;5&lt;/strong&gt; – The U.S. Postal Service has lost more than &lt;a href="http://news.yahoo.com/post-office-near-default-losses-mount-5-1b-210808129.html" target="_blank" title="5 billion dollars"&gt;5 billion dollars&lt;/a&gt; over the past year.  It looks like the federal government is going to have to help the U.S. Postal Service out financially.&lt;br /&gt;&lt;strong&gt;6&lt;/strong&gt; – Freddie Mac says that it is going to need another &lt;a href="http://news.businessweek.com/article.asp?documentKey=1376-LU33XX6K50XT01-4MG91POC9PRHEJTTKCGFIK1CFI" target="_blank" title="$6 billion"&gt;$6 billion&lt;/a&gt; bailout from the federal government.&lt;br /&gt;&lt;strong&gt;7&lt;/strong&gt; – Fannie Mae says that it is going to need another &lt;a href="http://www.csmonitor.com/Business/Latest-News-Wires/2011/1110/Fannie-Mae-asks-taxpayers-for-another-bailout" target="_blank" title="$7.8 billion"&gt;$7.8 billion&lt;/a&gt; bailout from the federal government.&lt;br /&gt;&lt;strong&gt;8&lt;/strong&gt; – We are told that the economy is recovering, but the number of Americans on food stamps has grown &lt;a href="http://www.fns.usda.gov/pd/34SNAPmonthly.htm" target="_blank" title="by over 8 percent"&gt;by another 8 percent&lt;/a&gt; over the past year.&lt;br /&gt;&lt;strong&gt;9&lt;/strong&gt; – The U.S. unemployment rate has been hovering around 9 percent for 30 straight months.  It is currently sitting at &lt;a href="http://data.bls.gov/timeseries/LNS14000000" target="_blank" title="9.0 percent"&gt;9.0 percent&lt;/a&gt;.&lt;br /&gt;&lt;strong&gt;10&lt;/strong&gt; – The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010 &lt;a href="http://www.businessinsider.com/can-you-see-this-gorilla-2011-11" target="_blank" title="by 10 billion dollars"&gt;by 10 billion dollars&lt;/a&gt;.&lt;br /&gt;&lt;strong&gt;11&lt;/strong&gt; – Back in the year 2000, &lt;a href="http://money.cnn.com/2011/09/13/news/economy/poverty_rate_income/index.htm?hpt=hp_t1" target="_blank" title="11.3%"&gt;11.3%&lt;/a&gt; of all Americans were living in poverty.  Today,&lt;a href="http://money.cnn.com/2011/09/13/news/economy/poverty_rate_income/index.htm?hpt=hp_t1" target="_blank" title="15.1%"&gt;15.1%&lt;/a&gt; of all Americans are living in poverty.&lt;br /&gt;&lt;strong&gt;12&lt;/strong&gt; – The “free trade” agenda being pushed by our globalist politicians is absolutely killing us.  Even in industries that we were once dominant in we are now getting wiped out.  For instance, in 2010 South Korea exported &lt;a href="http://www.wnd.com/index.php?fa=PAGE.view&amp;amp;pageId=267889" target="_blank" title="12 times"&gt;12 times&lt;/a&gt; as many automobiles, trucks and parts to us as we exported to them.  Hundreds of billions of dollars that should be going to support American jobs and businesses is going overseas instead.&lt;br /&gt;&lt;strong&gt;13&lt;/strong&gt; – Since 1985, the federal government has added &lt;a href="http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm" target="_blank" title="13 trillion dollars"&gt;13 trillion dollars&lt;/a&gt; to the national debt.&lt;br /&gt;&lt;strong&gt;14&lt;/strong&gt; – The U.S. Treasury Department says that instead of &lt;a href="http://www.detnews.com/article/20111114/AUTO01/111140434" target="_blank" title="$14.3 billion"&gt;$14.3 billion&lt;/a&gt;, the total losses from the auto industry bailouts will actually be &lt;a href="http://www.detnews.com/article/20111114/AUTO01/111140434" target="_blank" title="$23.6 billion"&gt;$23.6 billion&lt;/a&gt;.&lt;br /&gt;&lt;strong&gt;15&lt;/strong&gt; – Amazingly, the U.S. federal government is now &lt;a href="http://www.savingsbonds.gov/NP/BPDLogin?application=np" target="_blank" title="15 trillion dollars"&gt;15 trillion dollars&lt;/a&gt; in debt.  When Obama first took office the debt was just 10.6 trillion dollars.&lt;br /&gt;&lt;strong&gt;16&lt;/strong&gt; – According to U.S. Senator Bernie Sanders, the Federal Reserve made &lt;a href="http://endoftheamericandream.com/archives/the-looting-of-america-the-federal-reserve-made-16-trillion-in-secret-loans-to-their-bankster-friends-and-the-media-is-ignoring-the-eye-popping-corruption-that-has-been-uncovered" title="16 trillion dollars in secret loans"&gt;16 trillion dollars in secret loans&lt;/a&gt; to big corporations, Wall Street banks, foreign nations and wealthy individuals during the financial crisis.&lt;br /&gt;&lt;strong&gt;17&lt;/strong&gt; – The “too big to fail” banks just keep getting larger and larger.  In the year 2000, Citigroup, JPMorgan Chase, Bank of America and Wells Fargo held approximately 22 percent of all banking deposits in FDIC-insured institutions.  By the middle of 2009 that figure &lt;a href="http://blogs.reuters.com/rolfe-winkler/2009/09/15/break-up-the-big-banks/" target="_blank" title="was up to 39 percent"&gt;was up to 39 percent&lt;/a&gt;.  That is an increase of 17 percent in less than a decade.&lt;br /&gt;&lt;strong&gt;18&lt;/strong&gt; – More Americans than ever are totally dependent on the government.  In 1980, government transfer payments accounted for just &lt;a href="http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-9" target="_blank" title="11.7%"&gt;11.7%&lt;/a&gt; of all income.  Today, government transfer payments account for &lt;a href="http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-9" target="_blank" title="more than 18 percent"&gt;more than 18 percent&lt;/a&gt; of all income.&lt;br /&gt;&lt;strong&gt;19&lt;/strong&gt; – As a result of the lack of good jobs, we have huge numbers of Americans in their prime working years that cannot financially support themselves.  As I have written about &lt;a href="http://endoftheamericandream.com/archives/have-we-raised-an-entire-generation-of-young-men-that-do-not-know-how-to-be-men" title="previously"&gt;previously&lt;/a&gt;, 19% of all American men between the ages of 25 and 34 are living with their parents.&lt;br /&gt;&lt;strong&gt;20&lt;/strong&gt; – America is rapidly getting poorer.  Today, more than one out of every seven Americans is living in poverty and more than 20 million of them are considered to be living in &lt;a href="http://theeconomiccollapseblog.com/archives/extreme-poverty-is-now-at-record-levels-19-statistics-about-the-poor-that-will-absolutely-astound-you" target="_blank" title="extreme poverty"&gt;extreme poverty&lt;/a&gt;.&lt;br /&gt;&lt;strong&gt;21&lt;/strong&gt; – Income inequality is rising to very dangerous levels.  According to a joint House and Senate report entitled “&lt;a href="http://jec.senate.gov/public/?a=Files.Serve&amp;amp;File_id=91975589-257c-403b-8093-8f3b584a088c" target="_blank" title="Income Inequality and the Great Recession"&gt;Income Inequality and the Great Recession&lt;/a&gt;“, the top one percent of all income earners in the United States brought in a total of 10.0 percent of all income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.&lt;br /&gt;&lt;strong&gt;22&lt;/strong&gt; – It is not just the federal government with a debt problem.  State and local government debt has reached an all-time high of &lt;a href="http://theeconomiccollapseblog.com/archives/municipal-bond-market-crash-2011-are-dozens-of-state-and-local-governments-about-to-default-on-their-debts" target="_blank" title="22 percent"&gt;22 percent&lt;/a&gt; of U.S. GDP.  Many state and local governments are even closer to going broke than the federal government is.&lt;br /&gt;&lt;strong&gt;23&lt;/strong&gt; – If you can believe it, during 2010 an average of &lt;a href="http://theeconomiccollapseblog.com/archives/35-facts-about-the-gutting-of-americas-industrial-might-that-should-make-you-very-angry" target="_blank" title="23 manufacturing facilities a day"&gt;23 manufacturing facilities a day&lt;/a&gt; were shut down in the United States.  Our economy is literally being gutted like a fish.&lt;br /&gt;&lt;strong&gt;24&lt;/strong&gt; – Right now, spending by the federal government accounts for about &lt;a href="http://www.zerohedge.com/news/10-essential-fiscal-charts-demonstrating-americas-disastrous-condition" target="_blank" title="24 percent"&gt;24 percent&lt;/a&gt; of GDP.  Back in 2001, it accounted for just 18 percent.&lt;br /&gt;&lt;strong&gt;25&lt;/strong&gt; – According to Shadow Government Statistics, the “real” rate of unemployment in the United States &lt;a href="http://www.shadowstats.com/alternate_data/unemployment-charts" target="_blank" title="is creeping up toward 25 percent"&gt;is creeping up toward 25 percent&lt;/a&gt;.&lt;br /&gt;&lt;strong&gt;26&lt;/strong&gt; – The Pension Benefit Guaranty Corporation (an agency of the federal government) says that it ran a deficit of &lt;a href="http://www.latimes.com/business/la-fi-1116-pensions-20111115,0,2131475.story" target="_blank" title="$26 billion"&gt;$26 billion&lt;/a&gt; during the fiscal year that just ended and that it will probably need a bailout from the federal government.&lt;br /&gt;&lt;strong&gt;27&lt;/strong&gt; – In the midst of everything else, the United States is bleeding national wealth like crazy.  Tens of billions of dollars more goes out of this country each month than comes into it.  Instead of improving, our trade deficit just keeps getting worse.  For example, the U.S. trade deficit with China in 2010 &lt;a href="http://www.census.gov/foreign-trade/balance/c5700.html" target="_blank" title="was 27 times larger"&gt;was 27 times larger&lt;/a&gt; than it was back in 1990.&lt;br /&gt;&lt;strong&gt;28&lt;/strong&gt; – The U.S. &lt;a href="http://endoftheamericandream.com/archives/category/housing-crash" title="housing crash"&gt;housing crash&lt;/a&gt; is a crisis that never seems to end.  According to one source, approximately 28 percent of all home loans in the United States &lt;a href="http://news.goldseek.com/GoldenJackass/1307649600.php" target="_blank" title="are currently &amp;quot;underwater&amp;quot;"&gt;are currently “underwater”&lt;/a&gt;.  So what is going to happen if the economy gets even worse?&lt;br /&gt;&lt;strong&gt;29&lt;/strong&gt; – The federal government has borrowed &lt;a href="http://www.cnsnews.com/news/article/gov-t-has-borrowed-2966055-household-oba" target="_blank" title="29,660 more dollars per household"&gt;more than 29,000 dollars per household&lt;/a&gt; since Barack Obama first took office.&lt;br /&gt;&lt;strong&gt;30&lt;/strong&gt; – 30 years ago, the U.S. national debt was about &lt;a href="http://www.savingsbonds.gov/NP/BPDLogin?application=np" target="_blank" title="15 times"&gt;15 times&lt;/a&gt; smaller than it is today.  How in the world are we ever going to explain this foolishness to future generations?&lt;br /&gt;Please share these facts with as many people as you can.  The reality is that most Americans have no idea just how bad things have become.&lt;br /&gt;Instead of dealing with the problems that this country is facing, most Americans just try to numb the pain.  As a nation, we are incredibly addicted to pleasure and entertainment.  It is so much easier to spend endless hours staring at the television than it is to get out there and try to do something to turn this country around.&lt;br /&gt;America is in big time trouble.  We desperately need a new generation of heroes to step up to the plate.&lt;br /&gt;All of us have different talents and all of us have something that we can contribute.&lt;br /&gt;Will you answer the call?&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-4779121046884149826?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/4779121046884149826/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=4779121046884149826&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4779121046884149826'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4779121046884149826'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/11/1-through-30-coming-us-financial-crisis.html' title='1 Through 30 – The Coming U.S. Financial Crisis By The Numbers'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-4335497229293788199</id><published>2011-10-02T07:04:00.000-05:00</published><updated>2011-10-02T07:04:09.619-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Debt Crisis'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Collapse'/><category scheme='http://www.blogger.com/atom/ns#' term='Great Depression II'/><title type='text'>Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here</title><content type='html'>&lt;strong&gt;&lt;a href="http://theeconomiccollapseblog.com/archives/prophets-of-doom-12-shocking-quotes-from-insiders-that-are-warning-about-the-horrific-economic-crisis-that-is-almost-here"&gt;The Economic Collapse&lt;/a&gt;&lt;/strong&gt;&lt;br /&gt;Oct 1, 2011&lt;br /&gt;&lt;div class="caption left"&gt;&lt;img alt="Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here Prophets Of Doom 12 Shocking Quotes From Insiders That Are Warning About The Horrific Economic Crisis That Is Almost Here" height="220" src="http://theeconomiccollapseblog.com/wp-content/uploads/2011/09/Prophets-Of-Doom-12-Shocking-Quotes-From-Insiders-That-Are-Warning-About-The-Horrific-Economic-Crisis-That-Is-Almost-Here.jpg" style="margin-bottom: 5px; margin-top: 5px;" title="Soros" width="320" /&gt;&lt;br /&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/div&gt;We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping.  All across the western world, governments and major banks are rapidly becoming insolvent.  So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money.  But now the political will for more bailouts is drying up and the number of troubled entities seems to grow by the day.  Right now the western world is facing a debt crisis that is absolutely unprecedented in world history.  Europe has had a tremendously difficult time just trying to keep Greece afloat, and several much larger European countries are now on the verge of a major financial crisis.  In addition, there is a growing number of very large financial institutions all over the western world that are also rapidly approaching a day of reckoning.  The global financial system is a sea or red ink, and when we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out?  The quotes that you are about to read show that quite a few top financial and political insiders know that things cannot hold together much longer and that a horrific economic crisis is coming.  We built the global financial system on a foundation of debt, leverage and risk and now this house of cards that we have created is about to come tumbling down.&lt;br /&gt;&lt;br /&gt;A lot of people in politics and in the financial world know what is about to happen.  Once in a while they will even be quite candid about it with the media.&lt;br /&gt;&lt;br /&gt;As I have written about previously, Europe is on the verge of a &lt;a href="http://theeconomiccollapseblog.com/archives/20-signs-of-imminent-financial-collapse-in-europe" title="financial collapse"&gt;financial collapse&lt;/a&gt;.  If things go really badly, things could totally fall apart in a few weeks.  But more likely it will be a few more months until the juggling act ends.&lt;br /&gt;&lt;br /&gt;Right now, the banking system in Europe is coming apart at the seams.  Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.&lt;br /&gt;&lt;br /&gt;The financial crisis of 2008 plunged us into the deepest recession since the Great Depression.&lt;br /&gt;The next financial crisis could potentially hit the world even harder.&lt;br /&gt;&lt;br /&gt;The following are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is almost here….&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#1&lt;/strong&gt; &lt;a href="http://www.project-syndicate.org/commentary/soros72/English" target="_blank" title="George Soros"&gt;George Soros&lt;/a&gt;: “Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#2&lt;/strong&gt; PIMCO CEO &lt;a href="http://www.moneynews.com/FinanceNews/Pimco-El-Erian-Run-French/2011/09/22/id/411949" target="_blank" title="Mohammed El-Erian"&gt;Mohammed El-Erian&lt;/a&gt;: “These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#3&lt;/strong&gt; &lt;a href="http://mobile.bloomberg.com/news/2011-09-28/euro-is-beyond-rescue-unicredit-s-szalay-berzeviczy-says?category=%2Fnews%2Fmostread%2F" target="_blank" title="Attila Szalay-Berzeviczy"&gt;Attila Szalay-Berzeviczy&lt;/a&gt;, global head of securities services at UniCredit SpA (Italy’s largest bank): “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#4&lt;/strong&gt; &lt;a href="http://www.telegraph.co.uk/finance/financialcrisis/8797958/German-bailout-vote-is-too-little-too-late.html" target="_blank" title="Stefan Homburg"&gt;Stefan Homburg&lt;/a&gt;, the head of Germany’s Institute for Public Finance: “The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#5&lt;/strong&gt; EU Parliament Member &lt;a href="http://www.shtfplan.com/headline-news/nigel-farage-financial-cataclysm-gold-to-unimaginable-levels_09232011" target="_blank" title="Nigel Farage"&gt;Nigel Farage&lt;/a&gt;: “I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#6&lt;/strong&gt; &lt;a href="http://www.cnbc.com/id/44666477" target="_blank" title="Carl Weinberg"&gt;Carl Weinberg&lt;/a&gt;, the chief economist at High Frequency Economics: “At this point, our base case is that Greece will default within weeks.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#7&lt;/strong&gt; Goldman Sachs strategist &lt;a href="http://theeconomiccollapseblog.com/archives/even-goldman-sachs-secretly-believes-that-an-economic-collapse-is-coming" title="Alan Brazil"&gt;Alan Brazil&lt;/a&gt;: &lt;strong&gt;“Solving a debt problem with more debt has not solved the underlying problem.&lt;/strong&gt; In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#8&lt;/strong&gt; International Labour Organization director general &lt;a href="http://www.guardian.co.uk/business/2011/sep/26/job-creation-governments-ilo-crisis" target="_blank" title="Juan Somavia"&gt;Juan Somavia&lt;/a&gt; recently stated that total unemployment could “increase by some 20m to a total of 40m in G20 countries” by the end of 2012.&lt;br /&gt;&lt;script type="text/javascript"&gt;document.context='fHA6MTkx'; &lt;/script&gt; &lt;noscript&gt;&amp;lt;a href='http://rotate.infowars.com/www/delivery/ck.php?n=a44dee25&amp;amp;cb=1654322' target='_blank'&amp;gt;&amp;lt;img src='http://rotate.infowars.com/www/delivery/avw.php?zoneid=106&amp;amp;cb=1654322&amp;amp;n=a44dee25' border='0' alt="Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here "  title="Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here Photo" /&lt;/noscript&gt;&lt;br /&gt;&lt;strong&gt;#9&lt;/strong&gt; &lt;a href="http://www.handelsblatt.com/unternehmen/banken/finanzmaerkte-bereiten-ackermann-albtraeume/4575326.html" target="_blank" title="Deutsche Bank CEO Josef Ackerman"&gt;Deutsche Bank CEO Josef Ackerman&lt;/a&gt;: “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#10&lt;/strong&gt; &lt;a href="http://money.cnn.com/2011/09/06/news/international/eurozone_september_outlook/index.htm?iid=HP_LN" target="_blank" title="Alastair Newton, a strategist for Nomura Securities in London"&gt;Alastair Newton, a strategist for Nomura Securities in London&lt;/a&gt;: “We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis”&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#11&lt;/strong&gt; &lt;a href="http://barnhardt.biz/" target="_blank" title="Ann Barnhardt"&gt;Ann Barnhardt&lt;/a&gt;, head of Barnhardt Capital Management, Inc.: “It’s over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And &lt;strong&gt;if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken.”&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;#12&lt;/strong&gt; &lt;a href="http://www.businessinsider.com/lakshman-achuthan-says-us-going-into-a-new-recession-2011-9#ixzz1ZRLPYFsj" target="_blank" title="Lakshman Achuthan"&gt;Lakshman Achuthan&lt;/a&gt; of ECRI: “When I call a recession…that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it’s not going to stop.”&lt;br /&gt;&lt;br /&gt;In my opinion, the epicenter of the “next wave” of the financial collapse is going to be in Europe.  But that does not mean that the United States is going to be okay.  &lt;strong&gt;The reality is that the United States never recovered from the last recession&lt;/strong&gt; and &lt;a href="http://theeconomiccollapseblog.com/archives/30-signs-that-the-u-s-economy-is-about-to-go-into-the-toilet" title="there are already a lot of signs"&gt;there are already a lot of signs&lt;/a&gt; that we are getting ready to enter another major recession.  A major financial collapse in Europe would just accelerate our plunge into a new &lt;a href="http://theeconomiccollapseblog.com/" title="economic crisis"&gt;economic crisis&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;If you want to read something that will really freak you out, you should check out what Dr. Philippa Malmgren is saying.  Dr. Philippa Malmgren is the President and founder of Principalis Asset Management.  She is also a former member of the Bush economic team. You can find her bio &lt;a href="http://www.pippamalmgren.com/75.html" target="_blank" title="right here"&gt;right here&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;Malmgren is claiming that Germany is seriously considering bringing back the Deutschmark.  In fact, she claims that Germany is very busy printing new currency up.  In &lt;a href="http://www.pippamalmgren.com/77.html" target="_blank" title="a list of things"&gt;a list of things&lt;/a&gt; that we could see happen over the next few months, she included the following….&lt;br /&gt;&lt;blockquote&gt;&lt;em&gt;“The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.”&lt;/em&gt;&lt;/blockquote&gt;This is quite a claim for someone to be making.  You would think that someone that used to work in the White House would not make such a claim unless it was based on something solid.&lt;br /&gt;&lt;br /&gt;If Germany did decide to leave the euro, you would see an implosion of the euro that would be truly historic.&lt;br /&gt;&lt;br /&gt;But as I have written about previously, it should not surprise anyone that the &lt;a href="http://theeconomiccollapseblog.com/archives/is-the-end-of-the-euro-in-sight" title="end of the euro"&gt;end of the euro&lt;/a&gt; is being talked about because the euro simply does not work.&lt;br /&gt;&lt;br /&gt;The only way that the euro would have had a chance of working is if all of the governments using the euro would have kept debt levels very low.&lt;br /&gt;&lt;br /&gt;Unfortunately, the financial systems of the western world are designed to push governments into high levels of debt.&lt;br /&gt;&lt;br /&gt;The truth is that the euro was doomed from the very beginning.&lt;br /&gt;&lt;br /&gt;Now we are approaching a day of reckoning.  We have been living in the greatest debt bubble in the history of the world, but the bubble is ending.  There are several ways that the powers that be could handle this, but all of them will lead to greater &lt;a href="http://theeconomiccollapseblog.com/archives/is-financial-instability-the-new-normal" title="financial instability"&gt;financial instability&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;In the end, we will see that the debt-fueled prosperity that the western world has been enjoying for decades was just an illusion.&lt;br /&gt;&lt;br /&gt;Debt is a very cruel master.  It will almost always bring more pain and suffering than you anticipated.&lt;br /&gt;It is easy to get into debt, but it can be very difficult to get out of debt.&lt;br /&gt;&lt;br /&gt;There is no way that the western world can unwind this debt spiral easily.&lt;br /&gt;&lt;br /&gt;The only way that another massive economic crisis can be put off for even a little while would be for the powers that be to “kick the can down the road” a little farther by creating even more debt.&lt;br /&gt;&lt;br /&gt;But in the end, you can never solve a debt problem with more debt.&lt;br /&gt;&lt;br /&gt;The next several years are going to be an incredibly clear illustration of why debt is bad.&lt;br /&gt;&lt;br /&gt;When the dominoes start to fall, we are going to witness a financial avalanche which is going to destroy the finances of millions of people.&lt;br /&gt;&lt;br /&gt;You might want to try to get out of the way while you still can.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-4335497229293788199?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/4335497229293788199/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=4335497229293788199&amp;isPopup=true' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4335497229293788199'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4335497229293788199'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/10/prophets-of-doom-12-shocking-quotes.html' title='Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6846475090380158894</id><published>2011-09-26T12:31:00.000-05:00</published><updated>2011-09-26T12:31:44.065-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Financial Deregulation'/><category scheme='http://www.blogger.com/atom/ns#' term='Off-Shore Production'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Policy'/><category scheme='http://www.blogger.com/atom/ns#' term='Outsourcing Jobs'/><title type='text'>America and Europe: Saving the Rich and Losing the Economy</title><content type='html'>&lt;strong&gt;Dr. Paul Craig Roberts&lt;/strong&gt;&lt;br /&gt;&lt;a href="prisonplanet.comhttp://www.infowars.com/america-and-europe-saving-the-rich-and-losing-the-economy/"&gt;Prisonplanet.com&lt;/a&gt;Sept 26, 2011&lt;br /&gt;&lt;div class="caption left"&gt;&lt;img alt="dollars" height="320" src="http://t3.gstatic.com/images?q=tbn:ANd9GcTvdDTXGj8cJyE_uZMsbOq2TiXO9AoIlajdK9k7JG3-hat-ugIwloMXu3ipZQ" style="margin-bottom: 5px; margin-top: 5px;" title="dollars" width="220" /&gt;&lt;br /&gt;&lt;strong&gt; &lt;/strong&gt;&lt;/div&gt;Economic policy in the United States and Europe has failed, and people are suffering.&lt;br /&gt;Economic policy failed for three reasons: (1) policymakers focused on enabling offshoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers associated with the jobs, to foreign countries, such as China and India, where labor is inexpensive; (2) policymakers permitted financial deregulation that unleashed fraud and debt leverage on a scale previously unimaginable; (3) policymakers responded to the resulting financial crisis by imposing austerity on the population and running the printing press in order to bail out banks and prevent any losses to the banks regardless of the cost to national economies and innocent parties.&lt;br /&gt;&lt;br /&gt;Jobs offshoring was made possible because the collapse of the Soviet Union resulted in China and India opening their vast excess supplies of labor to Western exploitation. Pressed by Wall Street for higher profits, US corporations relocated their factories abroad. Foreign labor working with Western capital, technology, and business know-how is just as productive as US labor. However, the excess supplies of labor (and lower living standards) mean that Indian and Chinese labor can be hired for less than labor’s contribution to the value of output. The difference flows into profits, resulting in capital gains for shareholders and performance bonuses for executives.&lt;br /&gt;&lt;br /&gt;As reported by Manufacturing and Technology News (September 20, 2011) the Quarterly Census of Employment and Wages reports that in the last 10 years, the US lost 54,621 factories, and manufacturing employment fell by 5 million employees. Over the decade, the number of larger factories (those employing 1,000 or more employees) declined by 40 percent. US factories employing 500-1,000 workers declined by 44 percent; those employing between 250-500 workers declined by 37 percent, and those employing between 100-250 workers shrunk by 30 percent.&lt;br /&gt;&lt;br /&gt;These losses are net of new start-ups. Not all the losses are due to offshoring. Some are the result of business failures.&lt;br /&gt;&lt;br /&gt;US politicians, such as Buddy Roemer, blame the collapse of US manufacturing on Chinese competition and “unfair trade practices.” However, it is US corporations that move their factories abroad, thus replacing domestic production with imports. Half of US imports from China consist of the offshored production of US corporations.&lt;br /&gt;&lt;br /&gt;The wage differential is substantial. According to the Bureau of Labor Statistics, as of 2009, average hourly take-home pay for US workers was $23.03. Social insurance expenditures add $7.90 to hourly compensation and benefits paid by employers add $2.60 per hour for a total labor compensation cost of $33.53.&lt;br /&gt;&lt;br /&gt;In China as of 2008, total hourly labor cost was $1.36, and India’s is within a few cents of this amount. Thus, a corporation that moves 1,000 jobs to China saves saves $32,000 every hour in labor cost.These savings translate into higher stock prices and executive compensation, not in lower prices for consumers who are left unemployed by the labor arbitrage.&lt;br /&gt;&lt;br /&gt;Republican economists blame “high” US wages for for the current high rate of unemployment. However, US wages are about the lowest in the developed world. They are far below hourly labor cost in Norway ($53.89), Denmark ($49.56), Belgium ($49.40), Austria ($48.04), and Germany ($46.52). The US might have the world’s largest economy, but its hourly workers rank 14th on the list of the best paid. Americans also have a higher unemployment rate. The “headline” rate that the media hypes is 9.1 percent, but this rate does not include any discouraged workers or workers forced into part-time jobs because no full-time jobs are available.&lt;br /&gt;&lt;br /&gt;The US government has another unemployment rate (U6) that includes workers who have been too discouraged to seek a job for six months or less. This unemployment rate is over 16 percent. Statistician John Williams (Shadowstats.com) estimates the unemployment rate when long-term discouraged workers (more than six months) are included. This rate is over 22 percent.&lt;br /&gt;&lt;br /&gt;Most emphasis is on the lost manufacturing jobs. However, the high speed Internet has made it possible to offshore many professional service jobs, such as software engineering, Information Technology, research and design. Jobs that comprised ladders of upward mobility for US college graduates have been moved offshore, thus reducing the value to Americans of many university degrees. Unlike former times, today an increasing number of graduates return home to live with their parents as there are insufficient jobs to support their independent existence.&lt;br /&gt;&lt;br /&gt;All the while, the US government allows in each year one million legal immigrants, an unknown number of illegal immigrants, and a large number of foreign workers on H-1B and L-1 work visas. In other words, the policies of the US government maximize the unemployment rate of American citizens.&lt;br /&gt;&lt;br /&gt;Republican economists and politicians pretend that this is not the case and that unemployed Americans consist of people too lazy to work who game the welfare system. Republicans pretend that cutting unemployment benefits and social assistance will force “lazy people who are living off the taxpayers” to go to work.&lt;br /&gt;&lt;br /&gt;To deal with the adverse impact on the economy from the loss of jobs and consumer demand from offshoring, Federal Reserve chairman Alan Greenspan lowered interest rates in order to create a real estate boom. Lower interest rates pushed up real estate prices. People refinanced their houses and spent the equity. Construction, furniture and appliance sales boomed. But unlike previous expansions based on rising real income, this one was based on an increase in consumer indebtedness.&lt;br /&gt;There is a limit to how much debt can increase in relation to income, and when this limit was reached, the bubble popped.&lt;br /&gt;&lt;br /&gt;When consumer debt could rise no further, the large fraudulent component in mortgage-backed derivatives and the unreserved swaps (AIG, for example) threatened financial institutions with insolvency and froze the banking system. Banks no longer trusted one another. Cash was hoarded. Treasury Secretary Paulson, browbeat Congress into massive taxpayer loans to financial institutions that functioned as casinos. The Paulson Bailout (TARP) was large but insignificant compared to the $16.1 trillion (a sum larger than US GDP or national debt) that the Federal Reserve lent to private financial institutions in the US and Europe.&lt;br /&gt;&lt;br /&gt;In making these loans, the Federal Reserve violated its own rules. At this point, capitalism ceased to function. The financial institutions were “too big to fail,” and thus taxpayer subsidies took the place of bankruptcy and reorganization. In a word, the US financial system was socialized as the losses of the American financial institutions were transferred to taxpayers.&lt;br /&gt;&lt;br /&gt;European banks were swept up into the financial crisis by their unwitting purchase of the junk financial instruments marketed by Wall Street. The financial junk had been given investment grade rating by the same incompetent agency that recently downgraded US Treasury bonds.&lt;br /&gt;&lt;br /&gt;The Europeans had their own bailouts, often with American money (Federal Reserve loans). All the while Europe was brewing an additional crisis of its own. By joining the European Union and (except for the UK) accepting a common European currency, the individual member countries lost the services of their own central banks as creditors. In the US and UK the two countries’ central banks can print money with which to purchase US and UK debt. This is not possible for member countries in the EU.&lt;br /&gt;When financial crisis from excessive debt hit the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) their central banks could not print euros in order to buy up their bonds, as the Federal Reserve did with “quantitative easing.” Only the European Central Bank (ECB) can create euros, and it is prevented by charter and treaty from printing euros in order to bail out sovereign debt.&lt;br /&gt;&lt;br /&gt;In Europe, as in the US, the driver of economic policy quickly became saving the private banks from losses on their portfolios. A deal was struck with the socialist government of Greece, which represented the banks and not the Greek people. The ECB would violate its charter and together with the IMF, which would also violate its charter, would lend enough money to the Greek government to avoid default on its sovereign bonds to the private banks that had purchased the bonds. In return for the ECB and IMF loans and in order to raise the money to repay them, the Greek government had to agree to sell to private investors the national lottery, Greece’s ports and municipal water systems, a string of islands that are a national preserve, and in addition to impose a brutal austerity on the Greek people by lowering wages, cutting social benefits and pensions, raising taxes, and laying off or firing government workers.&lt;br /&gt;&lt;br /&gt;In other words, the Greek population is to be sacrificed to a small handful of foreign banks in Germany, France and the Netherlands.&lt;br /&gt;&lt;br /&gt;The Greek people, unlike “their” socialist government, did not regard this as a good deal. They have been in the streets ever since.&lt;br /&gt;&lt;br /&gt;Jean-Claude Trichet, head of the ECB, said that the austerity imposed on Greece was a first step. If Greece did not deliver on the deal, the next step was for the EU to take over Greece’s political sovereignty, make its budget, decide its taxation, decide its expenditures and from this process squeeze out enough from Greeks to repay the ECB and IMF for lending Greece the money to pay the private banks.&lt;br /&gt;&lt;br /&gt;In other words, Europe under the EU and Jean-Claude Trichet is a return to the most extreme form of feudalism in which a handful of rich are pampered at the expense of everyone else.&lt;br /&gt;&lt;br /&gt;This is what economic policy in the West has become–a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population.&lt;br /&gt;&lt;br /&gt;On September 21 the Federal Reserve announced a modified QE 3. The Federal Reserve announced that the bank would purchase $400 billion of long-term Treasury bonds over the next nine months in an effort to drive long-term US interest rates even further below the rate of inflation, thus maximizing the negative rate of return on the purchase of long-term Treasury bonds. The Federal Reserve officials say that this will lower mortgage rates by a few basis points and renew the housing market.&lt;br /&gt;&lt;br /&gt;The officials say that QE 3, unlike its predecessors, will not result in the Federal Reserve printing more dollars in order to monetize US debt. Instead, the central bank will raise money for the bond purchases by selling holdings of short-term debt. Apparently, the Federal Reserve believes it can do this without raising short-term interest rates, because back during the recent debt-ceiling-government-shutdown-crisis, the Federal Reserve promised banks that it would keep the short-term interest rate (essentially zero) constant for two years.&lt;br /&gt;&lt;br /&gt;The Fed’s new policy will do far more harm than good. Interest rates are already negative. To make them more so will have no positive effect. People aren’t buying houses because interest rates are too high, but because they are either unemployed or worried about their jobs and do not see a recovering economy.&lt;br /&gt;&lt;br /&gt;Already insurance companies can make no money on their investments. Consequently, they are unable to build their reserves against claims. Their only alternative is to raise their premiums. The cost of a homeowner’s policy will go up by more than the cost of a mortgage will decline. The cost of health insurance will go up. The cost of car insurance will rise. The Federal Reserve’s newly announced policy will impose more costs on the economy than it will reduce.&lt;br /&gt;&lt;br /&gt;In addition, in America today savings earn nothing. Indeed, they produce an ongoing loss as the interest rate is below the inflation rate. The Federal Reserve has interest rates so low that only professionals who are playing arbitrage with algorithm programmed computer models can make money. The typical saver and investor can get nothing on bank CDs, money market funds, municipal and government bonds. Only high risk debt, such as Greek and Spanish bonds, pay an interest rate that is higher than inflation.&lt;br /&gt;&lt;br /&gt;For four years interest rates, when properly measured, have been negative. Americans are getting by, maintaining living standards, by consuming their capital. Even those with a cushion are eating their seed corn. The path that the US economy is on means that the number of Americans without resources to sustain them will be rising. Considering the extraordinary political incompetence of the Democratic Party, the right-wing of the Republican Party, which is committed to eliminating income support programs, could find itself in power. If the right-wing Republicans implement their program, the US will be beset with political and social instability. As Gerald Celente says, “when people have have nothing left to lose, they lose it.”&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6846475090380158894?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6846475090380158894/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6846475090380158894&amp;isPopup=true' title='2 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6846475090380158894'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6846475090380158894'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/09/america-and-europe-saving-rich-and.html' title='America and Europe: Saving the Rich and Losing the Economy'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>2</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6568476598079392243</id><published>2011-09-25T10:47:00.000-05:00</published><updated>2011-09-25T10:47:40.119-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Two State Solution'/><category scheme='http://www.blogger.com/atom/ns#' term='Israeli Occupation of Palestine'/><category scheme='http://www.blogger.com/atom/ns#' term='Israeli West Bank &quot;Settlements&quot;'/><title type='text'>A President Who is Helpless in the Face of Middle East Reality</title><content type='html'>&lt;span style="font-family: Times New Roman;"&gt;&lt;em&gt;Obama's UN speech insists  Israelis and Palestinians are equal parties to conflict&lt;/em&gt;&lt;br /&gt;&lt;b&gt;By Robert  Fisk&lt;br /&gt;&lt;br /&gt;September 23, 2011 "&lt;/b&gt;&lt;/span&gt;&lt;a href="http://www.independent.co.uk/opinion/commentators/fisk/robert-fisk-a-president-who-is-helpless-in-the-face-of-middle-east-reality-2359433.html"&gt;&lt;span style="font-family: Times New Roman;"&gt;&lt;b&gt;The Independent&lt;/b&gt;&lt;/span&gt;&lt;/a&gt;&lt;span style="font-family: Times New Roman;"&gt;&lt;b&gt;" --&lt;/b&gt;Today should be Mahmoud Abbas's finest hour.  Even The New York Times has discovered that "a grey man of grey suits and  sensible shoes, may be slowly emerging from his shadow".&lt;/span&gt; &lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;But this is nonsense. The colourless leader of  the Palestinian Authority, who wrote a 600-page book on his people's conflict  with Israel without once mentioning the word "occupation", should have no  trouble this evening in besting Barack Hussein Obama's pathetic, humiliating UN  speech on Wednesday in which he handed US policy in the Middle East over to  Israel's gimmick government.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;For the American President who called for an end  to the Israeli occupation of Arab lands, an end to the theft of Arab land in the  West Bank – Israeli "settlements" is what he used to call it – and a Palestinian  state by 2011, &lt;strong&gt;Obama's performance was pathetic.&lt;/strong&gt;&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;As usual, Hanan Ashrawi, the only eloquent  Palestinian voice in New York this week, got it right. "I couldn't believe what  I heard," she told Haaretz, that finest of Israeli newspapers. "It sounded as  though the Palestinians were the ones occupying Israel. There wasn't one word of  empathy for the Palestinians. He spoke only of the Israelis' troubles..." Too  true. And as usual, the sanest Israeli journalists, in their outspoken  condemnation of Obama, proved that the princes of American journalists were  cowards. "The limp, unimaginative speech that US President Barack Obama  delivered at the United Nations... reflects how helpless the American President  is in the face of Middle East realities," Yael Sternhell wrote.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;And as the days go by, and we discover whether  the Palestinians respond to Obama's grovelling performance with a third intifada  or with a shrug of weary recognition that this is how things always were, the  facts will continue to prove that&lt;strong&gt; the US administration remains a tool of Israel  when it comes to Israel's refusal to give the Palestinians a state.&lt;/strong&gt;&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;&lt;strong&gt;How come, let's ask, that the US ambassador to  Israel, Dan Shapiro, flew from Tel Aviv to New York for the statehood debate on  Israeli Prime Minister Netanyahu's own aircraft?&lt;/strong&gt; How come Netanyahu was too busy  chatting to the Colombian President to listen to Obama's speech? He only glanced  through the Palestinian bit of the text when he was live-time, face to face with  the American President. This wasn't "chutzpah". This was insult, pure and  simple.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;And Obama deserved it. After praising the Arab  Spring/Summer/ Autumn, whatever – yet again running through the individual acts  of courage of Arab Tunisians and Egyptians as if he had been behind the Arab  Awakening all along, the man dared to give the Palestinians 10 minutes of his  time, slapping them in the face for daring to demand statehood from the UN.  Obama even – and this was the funniest part of his preposterous address to the  UN – suggested that the Palestinians and Israelis were two equal "parties" to  the conflict.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;&lt;strong&gt;A Martian listening to this speech would think,  as Ms Ashrawi suggested, that the Palestinians were occupying Israel rather than  the other way round.&lt;/strong&gt; &lt;strong&gt;No mention of Israeli occupation, no mention of refugees,  or the right of return or of the theft of Arab Palestinian land by the Israeli  government against all international law. &lt;/strong&gt;But plenty of laments for the besieged  people of Israel, rockets fired at their houses, suicide bombs – Palestinian  sins, of course, but &lt;strong&gt;no reference to the carnage of Gaza, the massive death toll  of Palestinians&lt;/strong&gt; – and even the historical persecution of the Jewish people and  the Holocaust.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;That persecution is a fact of history. So is the  evil of the Holocaust. But THE PALESTINIANS DID NOT COMMIT THESE ACTS. It was  the Europeans – whose help in denying Palestinian statehood Obama is now seeking  – who committed this crime of crimes. So we were then back to the "equal  parties", as if the Israeli occupiers and the occupied Palestinians were on a  level playing ground.&lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span style="font-family: Times New Roman;"&gt;Madeleine Albright used to adopt this awful lie.  "It's up to the parties themselves," she would say, washing her hands,  Pilate-like, of the whole business the moment Israel threatened to call out its  supporters in America. Heaven knows if Mahmoud Abbas can produce a 1940 speech  at the UN today. But at least we all know who the appeaser is.&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6568476598079392243?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6568476598079392243/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6568476598079392243&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6568476598079392243'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6568476598079392243'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/09/president-who-is-helpless-in-face-of.html' title='A President Who is Helpless in the Face of Middle East Reality'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-8958598035096681144</id><published>2011-09-10T12:39:00.001-05:00</published><updated>2011-09-10T12:42:09.676-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Truthismaster'/><category scheme='http://www.blogger.com/atom/ns#' term='Twitter'/><category scheme='http://www.blogger.com/atom/ns#' term='Fascist Corporatist Plutocracy'/><title type='text'>Follow me on Twitter</title><content type='html'>For frequent updates on the growing Fascist Corporatist Plutocracy:&lt;br /&gt;&lt;br /&gt;Check out me out at &lt;a href="http://twitter.com/#!/truthismaster"&gt;http://twitter.com/#!/truthismaster&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Dr. J. P. Hubert&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-8958598035096681144?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/8958598035096681144/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=8958598035096681144&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8958598035096681144'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8958598035096681144'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/09/follow-me-on-twitter.html' title='Follow me on Twitter'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-5083798450683488575</id><published>2011-09-06T09:33:00.001-05:00</published><updated>2011-09-06T09:40:24.208-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Labor Day'/><category scheme='http://www.blogger.com/atom/ns#' term='Unemployment Rate'/><category scheme='http://www.blogger.com/atom/ns#' term='Inflation Rate'/><title type='text'>Labor’s Demise As A Countervailing Power: "Labor Day" should be renamed "Corporation Day" or "War Day"</title><content type='html'>&lt;div align="justify"&gt;&lt;div class="articleAuthorName"&gt;by Dr. Paul Craig Roberts&lt;/div&gt;&lt;div class="bigArticleText12"&gt;&lt;a href="http://www.globalresearch.ca/"&gt;Global  Research&lt;/a&gt;&lt;/div&gt;&lt;div class="bigArticleText12"&gt;September 3, 2011&lt;/div&gt;&lt;br /&gt;It is Labor Day weekend, 2011, but labor has nothing to  celebrate. The jobs that once gave American workers a stake in capitalism have  left and gone away. Corporations in pursuit of near-term profits have moved  labor’s jobs to China, India, Indonesia, Taiwan, South Korea and Eastern Europe.  &lt;/div&gt;&lt;br /&gt;Labor arbitrage, that is, the substitution of foreign labor  that is paid less than its productivity for American labor, has enriched Wall  Street, shareholders and corporate CEOs, but it has devastated American  employment, household incomes, tax base, and the outlook for the US economy.  &lt;br /&gt;&lt;br /&gt;This Labor Day week-end’s job report, announced by the Bureau  of Labor Statistics (BLS) on Friday, September 2, says zero net new jobs were  created in August, a number 250,000 less than the amount of monthly job creation  necessary to make progress in reducing America’s high rate of unemployment. &lt;br /&gt;&lt;br /&gt;The zero figure is actually an optimistic number. As John  Williams (shadowstats.com) has made clear, problems with the BLS’s seasonal  adjustments and “birth-death” model during the prolonged downturn that began in  December 2007 result in the BLS over-estimating new jobs and underestimating  lost jobs. &lt;br /&gt;&lt;br /&gt;Seasonal adjustments and the “birth-death” model were designed  with a growing economy in mind and result in miscounts during downturns. For  example, the “birth-death” model estimates new jobs that are created from new  start-up companies that are not yet reporting, and it estimates the job losses  from companies that have gone out of business. In a growing economy, start-ups  exceed jobs losses, but the situation reverses during downturns or during  periods of sub-normal job growth. For the past forty-four months, the  “birth-death” model has overestimated the number of new jobs created. When the  annual revisions are made to the job reports, the excess jobs are taken out, but  it is seldom headline news. &lt;br /&gt;&lt;br /&gt;The reason that nearly four years of economic stimulus,  consisting of large federal budget deficits and near zero interest rates, hasn’t  revived the economy is that &lt;strong&gt;the jobs that Americans once had have been moved  offshore. Stimulus cannot put Americans back to work in jobs that have been  given to foreign countries. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Post-World War II Keynesian economists, such as Paul Krugman  and Robert Reich, think that if the federal government would add more stimulus  by enlarging the already massive federal deficit, new jobs would somehow be  created to take the place of those that have left. This is a delusion. Not only  have the supply chains necessary to support US economic activity been disrupted  and broken by offshoring, but also the same incentive--excess supplies of  foreign labor that produces more value than it is paid--that sent jobs abroad is  still operative. &lt;br /&gt;&lt;br /&gt;In a word,&lt;strong&gt; the US economy has been de-industrializing, moving  from a developed to an underdeveloped economy, for the past two decades&lt;/strong&gt;. It has  been the case for many years that when the US economy manages to eke out new  jobs, they are in non-tradable domestic services, such as health care and social  assistance, waitresses and bar tenders, retail clerks. Non-tradable employment  consists of jobs that do not produce goods and services that could be exported  to reduce the large US trade deficit. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The long-term deterioration in the US economy has been covered  up by “reforming” the official measures of unemployment and inflation&lt;/strong&gt;. The U3  measure of unemployment, the current 9.1% unemployment rate, only measures  unemployment among those who are actively seeking a job. Those who have become  discouraged by the inability to find a job and have ceased looking are not  counted as being among the unemployed, and the U3 measure makes no adjustment  for those who are forced into part-time jobs because there is no full-time  employment. &lt;br /&gt;&lt;br /&gt;The government knows that the U3 “headline” unemployment rate  is seriously understated and provides a broader measure known as U6. This  measure, which is seldom reported by the financial media, includes short-term  discouraged workers (those who have not looked for jobs for six months or less)  and an adjustment for those who wish full time employment but can only find part  time work. Currently, this measure of unemployment stands at 16.2%. &lt;br /&gt;&lt;br /&gt;In 1994 the Clinton “progressive” administration defined  long-term discouraged workers out of existence. Consequently, no official  unemployment rate includes long-term (more than six months) discouraged workers  as unemployed. John Williams estimates this number and adds it to the U6 measure  to produce&lt;strong&gt; a current rate of US unemployment of 22.7%, an unemployment rate 2.5  times higher than the official rate.&lt;/strong&gt; &lt;br /&gt;&lt;div align="justify"&gt;&lt;br /&gt;&lt;a href="http://www.shadowstats.com/alternate_data/unemployment-charts"&gt;http://www.shadowstats.com/alternate_data/unemployment-charts&lt;/a&gt;   &lt;/div&gt;&lt;br /&gt;Similar understatement exists in the measure of inflation known  as the Consumer Price Index. In order to reduce cost-of-living adjustments to  Social Security checks and to hold down other inflation adjustments, the  “progressive” Clinton administration accepted the Boskin Commission’s  recommendation to introduce substitution into what had been a fixed, weighted,  basket of goods used to measure the cost of a constant standard of living. In  the new “reformed” measure, if the price of an item increases, say New York  strip steak, the index assumes that consumers switch to a less expensive cut,  such as round steak. Thus, the price increase doesn’t show up in the CPI. &lt;br /&gt;&lt;br /&gt;Consumers, or a number of them, do tend to behave in this way.  However, since the basket of goods comprising the CPI is no longer constant, but  changes with price changes,&lt;strong&gt; the CPI has become a variable measure of the cost of  living that reduces the inflation rate by measuring a lower standard of living.&lt;/strong&gt;  &lt;br /&gt;&lt;br /&gt;John Williams estimates the CPI according to the previous  official methodology that used a fixed basket of goods. He finds the rate of  inflation to be much higher than is reported by the substitution-based  methodology. http://www.shadowstats.com/alternate_data/inflation-charts &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The understatement of inflation serves to boost real Gross  Domestic Product growth&lt;/strong&gt;. In order to compare how much larger (or smaller) the  economy is this year compared to last year, the GDP figure has to be adjusted  for inflation. If the economy grew 5% in nominal terms and inflation was 3%,  then GDP grew 2% in real terms, that is, real goods and services, as opposed to  mere price rises, increased 2% over the year. &lt;br /&gt;&lt;br /&gt;When John Williams&amp;nbsp;&lt;a href="http://www.shadowstats.com/alternate_data/gross-domestic-product-charts"&gt;adjusts  US GDP&lt;/a&gt; with the former or traditional measure of inflation, he finds that there  has been &lt;strong&gt;no growth in real GDP for several years. In other words, during the  period of “economic recovery” the economy has actually been declining. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;American economic decline began with offshoring during the  Clinton administration&lt;/strong&gt;. Instead of addressing this threat, the Clinton  administration launched the neoconservative program of American Empire with  American and NATO naked aggression against Serbia, sending the Serbian leader  off to be tried as a war criminal for resisting the dissolution of his country.  &lt;br /&gt;&lt;br /&gt;The Bush/Cheney regime elevated the pursuit of American Empire  under cover of “the war on terror.” Based entirely on lies and falsified  intelligence, Bush/Cheney launched wars against the Taliban, who were unifying  Afghanistan, and against Saddam Hussein in Iraq. &lt;br /&gt;&lt;br /&gt;In the 1980s Hussein was used by Washington to launch a war  against the revolutionary government in Iran that had overthrown the American  puppet government, headed by the Shah of Iran. Ever since Washington lost its  puppet rule over the Iranians, Washington has refused diplomatic relations with  Iran. In the place of diplomatic relations, Washington demonizes Iran in order  to set the country up for another attack a la Serbia, Afghanistan, Iraq, Libya,  Somalia, Pakistan, and Yemen. Syria is next. &lt;br /&gt;&lt;br /&gt;Saddam Hussein’s service to Washington was overlooked when it  became more important to eliminate support for Hamas and Hezbollah, two barriers  to Israel’s expansion in the Middle East, than to maintain Washington’s  gratitude to an Iraqi pawn. &lt;br /&gt;&lt;br /&gt;Despite unequivocal reports from arms inspectors that Iraq had  no weapons of mass destruction and most certainly had nothing whatsoever to do  with 9/11, top Bush/Cheney regime officials demonized Iraq as the greatest  threat to America. The imagery of mushroom clouds from nuclear weapons was  evoked, A war was launched entirely on false pretexts that destroyed a country  and left over one million Iraqis dead and four million displaced. &lt;strong&gt;What  Washington did to Iraq is what the Nazis were tried and executed for at the  Nuremberg Trials.&lt;/strong&gt; &lt;br /&gt;&lt;br /&gt;Obama was elected in order to stop the illegal and senseless  wars. Instead, Obama both continued the wars in Iraq and Afghanistan and  expanded the wars into Libya, Pakistan, and Yemen. Since the deregulation of the  financial system under the Bush/Cheney regime and the “war on terror,” &lt;strong&gt;the  entire economy of the US has been sacrificed for the benefit of the financial  sector and the military/security complex.&lt;/strong&gt; &lt;br /&gt;&lt;br /&gt;Labor Day is an anachronism. It should be renamed Corporation  Day or War Day to celebrate the success of Bush/Obama in eliminating labor  unions as a countervailing power to corporate power and the elevation of War as  the highest goal of the American state.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-5083798450683488575?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/5083798450683488575/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=5083798450683488575&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5083798450683488575'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5083798450683488575'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/09/labors-demise-as-countervailing-power.html' title='Labor’s Demise As A Countervailing Power: &quot;Labor Day&quot; should be renamed &quot;Corporation Day&quot; or &quot;War Day&quot;'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6928301742708587273</id><published>2011-09-01T17:36:00.001-05:00</published><updated>2011-09-01T17:50:37.880-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Kennebunkport Warning'/><category scheme='http://www.blogger.com/atom/ns#' term='Israeli War On Iran'/><category scheme='http://www.blogger.com/atom/ns#' term='Webster Tarpley'/><title type='text'>Four Years Later: The Kennebunkport Warning of August 2007 Confirmed by Dick Cheney in his New Autobiography</title><content type='html'>Webster G. Tarpley, Ph.D.&lt;br /&gt;&lt;a href="http://tarpley.net/"&gt;&lt;img class="bullet" src="http://tarpley.net/images/plato.ico" /&gt;&lt;strong&gt;&lt;span style="color: #666666;"&gt;TARPLEY.net&lt;/span&gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;div class="post-bodycopy clearfix"&gt;&lt;div id="content_div-3259"&gt;August 31, 2011&lt;br /&gt;&lt;br /&gt;This week marks the fourth anniversary of the &lt;a href="http://tarpley.net/2007/08/24/the-kennebunkport-warning/" style="font-weight: bold;"&gt;&lt;span style="color: #666666;"&gt;Kennebunkport Warning&lt;/span&gt;&lt;/a&gt;, whose text the reader will find elsewhere on the &lt;a href="http://tarpley.net/"&gt;Tarpley.net&lt;/a&gt;&amp;nbsp;web site, together with related documentation.  The Kennebunkport Warning of late August 2007 sought to prevent a false flag terror operation designed by the US-UK rogue network to facilitate an attack on Iran and/or Syria. Today, four years later, world events have come full circle, and &lt;strong&gt;we must once again be on guard for a new and wider war in the same region. This might take the form of an attack by Turkey on Syria, organized in advance with the NATO command and occurring under the cover story of events inside Syria&lt;/strong&gt;, where an uprising of armed commandos of the Moslem Brotherhood now appears to have been largely quelled by the Syrian Army.&lt;br /&gt;&lt;br /&gt;In order to attack Syria without being portrayed as an aggressor, Turkey will need a better pretext. Given the traditions of NATO, &lt;strong&gt;it is likely that an attempt will be made to furnish such a pretext in the form of a false flag terror event inside Turkey to be blamed on Syria or Hezbollah, or in the form of an staged Gulf of Tonkin incident to permit the charge that Syria attacked Turkey first&lt;/strong&gt;. Or, a large massacre of Moslem Brotherhood supporters inside Syria could be carried out in reality or merely simulated on a Hollywood set in Doha, Qatar, to motivate an invasion based on humanitarian grounds.&lt;br /&gt;&lt;h3&gt;Cheney’s June 2007 Demand for an Attack on Syria&lt;/h3&gt;&lt;a href="http://rockcreekfreepress.com/RockCreekFreePressNo4.pdf" target="_b"&gt;&lt;img alt="Dick Cheney" src="http://tarpley.net/images/cheney-us-strike.jpg" style="border: 1px solid rgb(51, 51, 51); float: left; margin: 5px;" /&gt;&lt;/a&gt;&lt;br /&gt;Former US Vice President Dick Cheney is about to publish his autobiography, &lt;em&gt;In My Time&lt;/em&gt;. Here, according to pre-publication press accounts, Cheney describes his June 2007 attempt to convince Bush to launch a bombing attack on Syria over the alleged Syrian nuclear program. Cheney says that he raised the issue, apparently at a meeting of the National Security Council. Bush asked if there was any support for the idea, and there was none. So, Cheney’s attempt to launch the attack on Syria by way of legal and institutional channels failed.&lt;br /&gt;&lt;br /&gt;Cheney does not relate in his book what happened then. The US rogue network (variously referred to as invisible government, secret government, parallel government, or deep state – of which Cheney is a spokesman, operative, or appendage), having been rebuffed by the legal government in the form of the Bush NSC, characteristically sought to carry out the desired attack anyway, by illegal means.&lt;br /&gt;&lt;br /&gt;It was around July 21, 2007 that I posted on the internet an article entitled “&lt;a href="http://tarpley.net/2007/07/21/cheney-determined-to-strike-in-us-with-wmd-this-summer/" style="font-weight: bold;"&gt;&lt;span style="color: #666666;"&gt;Cheney Determined to Strike in US&lt;/span&gt;&lt;/a&gt;.” This article became the headline story on the front page of the &lt;em&gt;&lt;a href="http://rockcreekfreepress.com/RockCreekFreePressNo4.pdf" style="font-weight: bold;" target="_blank"&gt;&lt;span style="color: #666666;"&gt;Rock Creek Free Press&lt;/span&gt;&lt;/a&gt;&lt;/em&gt;, and was thus widely distributed in boxes all over Washington DC, especially around Metro stations.&lt;br /&gt;During August 2007, “Cheney Determined to Strike in US” was a very accurate description of the central political reality. This is what Cheney has now confirmed for us in his autobiography. &lt;br /&gt;&lt;h3&gt;The Rogue B-52, Hijacked by the Parallel Government&lt;/h3&gt;Rogue network personnel embedded in the US Air Force hijacked a US Air Force B-52 intercontinental strategic bomber equipped with six nuclear-armed cruise missiles and flew it from Minot AFB in Colorado to Barksdale AFB in Louisiana, the latter being the main point of departure for US flights to the Middle East. This flight was made totally outside of the command and control procedures of the US Air Force; it was an invisible government operation. It is clear that this rogue B-52 was intended to join the Israeli attack on Syria, which did in fact occur at the end of the first week of September, 2007.&lt;br /&gt;&lt;br /&gt;Fortunately, the flight of this hijacked rogue B-52 towards the Middle East was blocked on the runway at Barksdale. This was done partly by rival intelligence factions, whose clash enveloped official Washington in a test of wills. In the end, the neocon faction was defeated, and the Brzezinski faction gained the upper hand.&lt;br /&gt;&lt;br /&gt;In the background, it is entirely possible that the Kennebunkport Warning, for which signatures had been organized by Bruce Marshall and others, was on its way to being posted on over 110,000 websites, contributed something to blocking the flight of the rogue B-52.&lt;br /&gt;&lt;br /&gt;In the wake of these events, a number of individuals and web sites in the 9/11 truth movement outdid themselves in condemning not the faction behind Cheney, but rather the Kennebunkport Warning and its supporters. They should have been agitating for an immediate investigation of the rogue B-52, which might have exposed some of the tentacles of the rogue network, which has remained more or less  untouched. By their actions, these individuals and web sites helped usher in the substantial collapse of the 9/11 truth movement, which largely fell apart during 2008 and 2009.&lt;br /&gt;&lt;br /&gt;The following summary of issues around the Kennebunkport Warning, written in October 2007, sums up the lessons of these events. &lt;a class="more-link" href="http://tarpley.net/2011/08/31/four-years-later-the-kennebunkport-warning-of-august-2007-confirmed-by-dick-cheney-on-his-new-autobiography/#more-3259"&gt;&lt;strong&gt;&lt;span style="color: #666666;"&gt;Continue reading Four Years Later: The Kennebunkport Warning of August 2007 Confirmed by Dick Cheney in his New Autobiography&lt;/span&gt;&lt;/strong&gt;&lt;/a&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6928301742708587273?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6928301742708587273/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6928301742708587273&amp;isPopup=true' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6928301742708587273'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6928301742708587273'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/09/four-years-later-kennebunkport-warning.html' title='Four Years Later: The Kennebunkport Warning of August 2007 Confirmed by Dick Cheney in his New Autobiography'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-2099715610793651837</id><published>2011-08-24T13:03:00.001-05:00</published><updated>2011-08-24T13:05:52.310-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='911 Commission'/><category scheme='http://www.blogger.com/atom/ns#' term='Inside Job'/><title type='text'>9/11 After A Decade: Have We Learned Anything?</title><content type='html'>August 24, 2011 at 12:26:34&lt;br /&gt;By Paul Craig Roberts&lt;br /&gt;&lt;a href="http://opednews.com/"&gt;opednews.com&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;In a few days it will be the tenth anniversary of September 11, 2001. How well has the US government's official account of the event held up over the decade? &lt;br /&gt;&lt;br /&gt;Not very well. The chairman, vice chairman, and senior legal counsel of the 9/11 Commission wrote books partially disassociating themselves from the commission's report. They said that the Bush administration put obstacles in their path, that information was withheld from them, that President Bush agreed to testify only if he was chaperoned by Vice President Cheney and neither were put under oath, that Pentagon and FAA officials lied to the commission and that the commission considered referring the false testimony for investigation for obstruction of justice. &lt;br /&gt;&lt;br /&gt;In their book, the chairman and vice chairman, Thomas Kean and Lee Hamilton, wrote that the 9/11 Commission was "set up to fail." Senior counsel John Farmer, Jr., wrote that the US government made "a decision not to tell the truth about what happened," and that the NORAD "tapes told a radically different story from what had been told to us and the public." Kean said, "We to this day don't know why NORAD told us what they told us, it was just so far from the truth." &lt;br /&gt;&lt;br /&gt;Most of the questions from the 9/11 families were not answered. Important witnesses were not called. The commission only heard from those who supported the government's account. The commission was a controlled political operation, not an investigation of events and evidence. Its membership consisted of former politicians. No knowledgeable experts were appointed to the commission. &lt;br /&gt;&lt;br /&gt;One member of the 9/11 Commission, former Senator Max Cleland, responded to the constraints placed on the commission by the White House: "If this decision stands, I, as a member of the commission, cannot look any American in the eye, especially family members of victims, and say the commission had full access. This investigation is now compromised." Cleland resigned rather than have his integrity compromised. &lt;br /&gt;&lt;br /&gt;To be clear, neither Cleland nor members of the commission suggested that 9/11 was an inside job to advance a war agenda. Nevertheless, neither Congress nor the media wondered, at least not out loud, why President Bush was unwilling to appear before the commission under oath or without Cheney; why Pentagon and FAA officials lied to the commission or, if the officials did not lie, why the commission believed they lied, or why the White House resisted for so long any kind of commission being formed, even one under its control. &lt;br /&gt;&lt;br /&gt;One would think that if a handful of Arabs managed to outwit not merely the CIA and FBI but all 16 US intelligence agencies, all intelligence agencies of our allies including Mossad, the National Security Council, the State Department, NORAD, airport security four times on one morning, air traffic control, etc., the President, Congress, and the media would be demanding to know how such an improbable event could occur. Instead, the White House put up a wall of resistance to finding out, and Congress and the media showed little interest.&amp;nbsp; &lt;br /&gt;&lt;br /&gt;During the decade that has passed, numerous 9/11 Truth organizations have formed. There are Architects and Engineers for 9/11 Truth, Firefighters for 9/11 Truth, Pilots for 9/11 Truth, Scholars for 9/11 Truth, Remember Building 7.org, and a New York group which includes 9/11 families. These groups call for a real investigation. &lt;br /&gt;&lt;br /&gt;David Ray Griffen has written 10 carefully researched books documenting problems in the government's account. Scientists have pointed out that the government has no explanation for the molten steel. NIST has been forced to admit that WTC 7 was in free fall for part of its descent, and a scientific team led by a professor of nano-chemistry at the University of Copenhagen has reported finding nano-thermite in the dust from the buildings. &lt;br /&gt;&lt;br /&gt;Larry Silverstein, who had the lease on the World Trade Center buildings, said in a PBS broadcast that the decision was made "to pull" Building 7 late in the afternoon of 9/11. Chief fire marshals have said that no forensic investigation was made of the buildings' destruction and that the absence of investigation was a violation of law. &lt;br /&gt;&lt;br /&gt;Some efforts have been made to explain away some of the evidence that is contrary to the official account, but most of the contrary evidence is simply ignored. The fact remains that the skepticism of a large number of knowledgeable experts has had no effect on the government's position other than a member of the Obama administration suggesting that the government infiltrate the 9/11 truth organizations in order to discredit them. &lt;br /&gt;&lt;br /&gt;The practice has been to brand experts not convinced by the government's case "conspiracy theorists." But of course the government's own theory is a conspiracy theory, an even less likely one once a person realizes its full implication of intelligence and operational failures. The implied failures are extraordinarily large; yet, no one was ever held accountable. &lt;br /&gt;&lt;br /&gt;Moreover, what do 1,500 architects and engineers have to gain from being ridiculed as conspiracy theorists? They certainly will never receive another government contract, and many surely lost business as a result of their "anti-American" stance. Their competitors must have made hay out of their "unpatriotic doubts." Indeed, my reward for reporting on how matters stand a decade after the event will be mail telling me that as I hate America so much I should move to Cuba. &lt;br /&gt;&lt;br /&gt;Scientists have even less incentive to express any doubts, which probably explains why there are not 1,500 Physicists for 9/11 Truth. Few physicists have careers independent of government grants or contracts. It was a high school physics teacher who forced NIST to abandon its account of Building 7's demise. Physicist Stephen Jones, who first reported finding evidence of explosives, had his tenure bought out by BYU, which no doubt found itself under government pressure. &lt;br /&gt;&lt;br /&gt;We can explain away contrary evidence as coincidences and mistakes and conclude that only the government got it all correct, the same government that got everything else wrong. &lt;br /&gt;&lt;br /&gt;In fact, the government has not explained anything. The NIST report is merely a simulation of what might have caused the towers to fail if NIST's assumptions programed into the computer model are correct. But NIST supplies no evidence that its assumptions are correct. &lt;br /&gt;&lt;br /&gt;Building 7 was not mentioned in the 9/11 Commission Report, and many Americans are still unaware that three buildings came down on 9/11. &lt;br /&gt;&lt;br /&gt;Let me be clear about my point. I am not saying that some black op group in the neoconservative Bush administration blew up the buildings in order to advance the neoconservative agenda of war in the Middle East. If there is evidence of a coverup, it could be the government covering up its incompetence and not its complicity in the event. Even if there were definite proof of government complicity, it is uncertain that Americans could accept it. Architects, engineers, and scientists live in a fact-based community, but for most people facts are no match for emotions. &lt;br /&gt;&lt;br /&gt;My point is how un-inquisitive the executive branch, including the security agencies, Congress, the media, and much of the population are about the defining event of our time. &lt;br /&gt;&lt;br /&gt;There is no doubt that 9/11 is the determinant event. It has led to a decade of ever expanding wars, to the shredding of the Constitution, and to a police state. On August 22 Justin Raimondo reported that he and his website, Antiwar.com, are being monitored by the FBI's Electronic Communication Analysis Unit to determine if Antiwar.com is "a threat to National Security" working "on behalf of a foreign power." &lt;br /&gt;&lt;br /&gt;Francis A. Boyle, an internationally known professor and attorney of international law, has reported that when he refused a joint FBI-CIA request to violate the attorney/client privilege and become an informant on his Arab-American clients, he was placed on the US government's terrorist watch list. &lt;br /&gt;&lt;br /&gt;Boyle has been critical of the US government's approach to the Muslim world, but Raimondo has never raised, nor permitted any contributor to raise, any suspicion about US government complicity in 9/11. Raimondo merely opposes war, and that is enough for the FBI to conclude that he needs watching as a possible threat to national security. &lt;br /&gt;&lt;br /&gt;The US government's account of 9/11 is the foundation of the open-ended wars that are exhausting America's resources and destroying its reputation, and it is the foundation of the domestic police state that ultimately will shut down all opposition to the wars. Americans are bound to the story of the 9/11 Muslim terrorist attack, because it is what justifies the slaughter of civilian populations in several Muslim countries, and it justifies a domestic police state as the only means of securing safety from terrorists, who already have morphed into "domestic extremists" such as environmentalists, animal rights groups, and antiwar activists. &lt;br /&gt;&lt;br /&gt;Today Americans are unsafe, not because of terrorists and domestic extremists, but because they have lost their civil liberties and have no protection from unaccountable government power. One would think that how this came about would be worthy of public debate and congressional hearings. &lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-2099715610793651837?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/2099715610793651837/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=2099715610793651837&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2099715610793651837'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2099715610793651837'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/911-after-decade-have-we-learned.html' title='9/11 After A Decade: Have We Learned Anything?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-1127464088318482655</id><published>2011-08-24T10:38:00.000-05:00</published><updated>2011-08-24T10:38:46.083-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Chicago School of Economics'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt Serfdom'/><category scheme='http://www.blogger.com/atom/ns#' term='Neo-feudalism'/><category scheme='http://www.blogger.com/atom/ns#' term='Neoliberal Economics'/><title type='text'>US Economic Crisis: On the Edge with Max Keiser</title><content type='html'>&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/bC-EQM7YHz0?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/bC-EQM7YHz0?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-1127464088318482655?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/1127464088318482655/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=1127464088318482655&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1127464088318482655'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1127464088318482655'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/us-economic-crisis-on-edge-with-max.html' title='US Economic Crisis: On the Edge with Max Keiser'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-4102741038939846729</id><published>2011-08-07T09:26:00.000-05:00</published><updated>2011-08-07T09:26:23.140-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Zombies'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Collapse'/><category scheme='http://www.blogger.com/atom/ns#' term='Eschaton'/><category scheme='http://www.blogger.com/atom/ns#' term='Armageddon'/><title type='text'>Will There Be Zombies?</title><content type='html'>by John Médaille &lt;br /&gt;Front Porch Republic&lt;br /&gt;&lt;em&gt;in Culture, High &amp;amp; Low,Economics &amp;amp; Empire&lt;/em&gt;&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Address to the Roman Forum, July 7, 2011, Gardone, Italy&lt;/em&gt;&lt;br /&gt;&lt;br /&gt;As we all know, the end of the world is coming soon. No, I don’t mean the eschaton, the final event in which the Son returns all things to the Father. That will be, by all accounts, a very cinematic event, full of all sorts of special effects. It will be, no doubt, very entertaining for those fortunate enough to be raptured in time to get a ring-side seat to the festivities to enjoy the spectacle of suffering for all those left behind. However, it is an event I know nothing about—and certainly not the day and the hour—and even if I knew that, there is not much I could do about it. I would like to address a quite different sort of end, the end of our world. Now, while the eschaton will come but once, the end of the world in this sense is something that happens with appalling frequency, and is usually an appalling event. These events are, at a minimum, the loss of familiar things, the comfortable and customary things, and even when they are things that we do not particularly love, and may even especially hate, they are at least things that we are used to, and giving up such things can be wrenching.&lt;br /&gt;&lt;a href="http://www.frontporchrepublic.com/2011/07/will-there-be-zombies/"&gt;MORE...&lt;/a&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-4102741038939846729?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/4102741038939846729/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=4102741038939846729&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4102741038939846729'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4102741038939846729'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/will-there-be-zombies.html' title='Will There Be Zombies?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-7803418217879896749</id><published>2011-08-07T08:39:00.002-05:00</published><updated>2011-08-07T08:57:47.289-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Human Dignity'/><category scheme='http://www.blogger.com/atom/ns#' term='Aristotelian Thomistic Synthesis'/><category scheme='http://www.blogger.com/atom/ns#' term='Plato'/><category scheme='http://www.blogger.com/atom/ns#' term='Enlightenment'/><category scheme='http://www.blogger.com/atom/ns#' term='St. Augustine'/><category scheme='http://www.blogger.com/atom/ns#' term='Imago-Dei'/><title type='text'>What’s Good? Wherefore Ought?</title><content type='html'>&lt;strong&gt;Editor's NOTE:&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;In this time of moral anarchy and the Nihil, it is useful to revisit a more traditional Roman Catholic view of morality as Thaddeus Kozinski has offered in this excellent piece.&amp;nbsp;The author teaches that the ancient Greeks, Plato and Aristotle produced the finest pre-Christian ethic. &lt;br /&gt;&lt;br /&gt;St. Augustine then harmonized the teaching of Plato and orthdodox Christianity within the first centuries after the death of Christ. Much later, St. Thomas Aquinas was able to&amp;nbsp;combine the teachings of Aristotle's ethic (preserved by the great Muslim scholars) with that of Augustine and delivered the most complete Christian ethic in what has become known as the Aristotelian/Thomistic synthesis--which has never been surpassed-either in the Enlightenment, in Modernity or post-Modernity. Were we to embrace the view offered by Thaddeus Kozinski, much of what ails our nation&amp;nbsp;would be healed.&lt;br /&gt;&lt;br /&gt;--Dr. J. P. Hubert&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;by Thaddeus J. Kozinski &lt;br /&gt;&lt;em&gt;&lt;a href="http://www.thepublicdiscourse.com/2011/05/3275"&gt;Public Discourse, Ethics, Law and the Common Good&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;May 11, 2011&lt;br /&gt;&lt;br /&gt;Only an ethics rooted in the divinely revealed truth of creation-as-gift and creator-as-love can coherently and adequately make sense of the universal experience of ought.&lt;br /&gt;&lt;br /&gt;We all have had the experience of ought, of something that, at least in a subjective sense, renders our imminent action morally relevant, so that what we are about to do or not do is more than a mere question of what will be pleasing to us, socially beneficial, psychologically comfortable, or useful for some plan of action. But it is not only the sense of what is or is not right that we experience in the moral ought, but also what is good. What seems right also seems good, and if it did not, it would not seem right; indeed, it could not be right at all. Thus, the good and the right seem correlative and inseparable in experience, though we can parse them out upon reflection. So, how to understand the twofold character of our moral experience: What’s good? Wherefore ought?&lt;br /&gt;&lt;br /&gt;There are, of course, innumerable accounts to be given of this universal experience, ranging from cavalier dismissal—as a psychological vestige of our ancestors’ primitive taboo culture that the Enlightenment began to expunge from our communal consciousness, though it has not quite succeeded—to robust embrace: as the voice of a righteous God in the depths of the soul, demanding that we act according to that righteousness in obedience to divine commandments. Somewhere in the middle of these is the Aristotelian, eudaimonistic interpretation of the moral ought as an impetus to intelligently and voluntarily act for the purpose of self-satisfaction, following our natural inclination to happiness. This is the inclination not so much to do right but to be good, which is to say, to follow the natural, rational path to self-fulfillment, perfection, and well-being. Depending upon one’s philosophical or cultural tastes, this could be psychological adjustment, a la stoicism or Sigmund Freud, or virtuous activity, a la Aristotle or Benjamin Franklin. Then there is the Kantian third-way, combining the ethos of both a divine-command and a well-being ethics, but leaving out the need for any actual divine command or feeling of well-being. In other words, “Follow reason, God’s internal command in the soul, and you will be rendered worthy for happiness. . . later”—case in point, Jack Bauer from the television series 24 is a sort of contemporary hyper-Kantian, doing his duty without quite knowing it’s his duty, and without quite knowing if he’ll ever be happy.&lt;br /&gt;&lt;br /&gt;Which theoretical and practical interpretation of the human experience of ought makes the most sense? It seems to me that there are two fundamental features of the experience that must be affirmed and explained. On the one hand, there is the sense of duty to the other, of the right—that something or someone outside or above me requires me to act in a certain way, regardless of my individual likes or dislikes, notwithstanding my understanding of how or whether the imminent act will contribute to my personal well-being, satisfaction of desire, or happiness. On the other hand, there is the sense of desire for self, of the good—the attraction, regardless of any sense of duty I might also have, to things in the world that I experience as desirable simply for me, as somehow related to my own happiness, which I pursue for their own sake.&lt;br /&gt;&lt;br /&gt;Any explanation of the subjective experience of ought needs to encompass and synthesize both of these features. And herein lies the big problem, for these features appear to be mutually exclusive or at least in great tension with each other. If I am obliged to do something, whether this obligation comes from irrational taboo, social-contract convention, categorical reason, or God’s will, I cannot, at the same time, do this action for the sole purpose of my well-being, perfection, or subjective satisfaction. But if I feel obliged as well as attracted, then I cannot be doing what I ought to do merely because I am attracted to it personally. For then my happiness has become my duty. Conversely, if I find that I am personally attracted to what I also consider my duty, then I am not doing it because it is my duty, for my duty has now become for me a desirable good and thus a means to my personal happiness.&lt;br /&gt;&lt;br /&gt;The phenomenological dialectic of right and good could be resolved if we could understand what is at the heart of human moral experience; but to understand this heart, we require more than what, unaided, human moral experience and purely philosophical speculation on this experience can provide. My argument for this conclusion is thus: What the duty aspect of moral experience suggests is the reality of justice, which is inherently relational and thus irreducible to any interpretation of morality as mere personal fulfillment. What the happiness aspect of moral experience suggests is the reality of desire-for-the-good, which is inherently personal and thus irreducible to an interpretation of morality as mere social or divine obligation. So, any explanation of the moral ought must include both others-related justice and self-related desire, and this is precisely what is provided by a theological ethics of creation and gift: If we are creatures, then we are inherently relational, with any actions related, above all, to our creator; and if creation is a gift, then we are supposed to enjoy creation as a good. And if God Himself, in essence, is a relation of three persons eternally bestowing upon each other and enjoying each other’s perfect divine goodness—God giving and receiving Himself—and if humans are made in the image and likeness of this Trinitarian gift-friendship, then we have the definitive—though still inexhaustibly mysterious—archetype in which the paradoxical human experience of simultaneous goodness and oughtness can ultimately be resolved.&lt;br /&gt;&lt;br /&gt;If God created us and the world for a purpose, then we are obliged, by definition and through our very nature, to act according to this purpose. Even if we have been given free will to decide whether or not to correspond with our natural telos, we are not really capable of re-creating or re-designing ourselves; that is, we are inextricably purpose-fulfilling creatures, in the very fabric of our existence. And if God created the world as a gift, in imitation of His own gift-giving and -receiving essence, then our main purpose as the only creatures that can receive a gift qua gift—and not solely as something desirable—is simply to receive this gift as any gift is meant to be received, in love and gratitude for both the gift and the giver. In short, we are obliged to be happy, because we have a duty to love the gift of a divinely bestowed, happy-making existence, and we are encouraged to desire happiness for its own sake, because that is precisely the way we justly show our gratitude for the good gift we have been given.&lt;br /&gt;&lt;br /&gt;So, am I saying that only an ethics rooted in the divinely revealed truth of creation-as-gift and creator-as-love can coherently and adequately make sense of the universal experience of ought? Indeed I am, though I think that purely philosophical explanations are similarly indispensable. Creation is replete with secondary causality, and grace and revelation can only complete nature and reason if the latter have a relative integrity and intelligibility. I am open to any account, whether philosophical or theological, that can do justice to our experience, but I have not come across any yet that both attract and oblige my soul the way the Augustinian-Thomistic theological account does.&lt;br /&gt;&lt;br /&gt;Plato and Aristotle’s thought, if it could ever be adequately synthesized, is the most attractive and obligatory pre-Christian, purely philosophical account of ethical experience, combining both a divine-order sense of obligation (Plato’s Good) and a happiness-first-and-last sensibility (Aristotle’s phronemon). The synthesis of this account with Christian revelation is to be found in Augustine’s Platonic-Christian and St. Thomas’s Augustinian-Aristotelian ethics. But we need, most of all, an account for today, which means a synthesis of all these pagan and Christian intellectual treasures with the legitimate speculative and practical advances of secular modernity—such as the dignity of the human person, the extraordinariness of ordinary human life, the integrity and relative autonomy of the temporal social and political order, and institutions such as representative government, human rights tribunals, and freedom of religion—rightly understood. And we must add to this the insights of postmodernism, such as the tradition-and-history-constituted character of ethical enquiry, the bankruptcy of the Enlightenment “view-from-nowhere,” and the myth of the secular.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Thaddeus J. Kozinski is Assistant Professor of Humanities and Philosophy at Wyoming Catholic College. &lt;/em&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-7803418217879896749?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/7803418217879896749/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=7803418217879896749&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7803418217879896749'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7803418217879896749'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/whats-good-wherefore-ought.html' title='What’s Good? Wherefore Ought?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-5906841236896072988</id><published>2011-08-05T10:30:00.001-05:00</published><updated>2011-08-05T10:50:12.015-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Social Safety Net'/><category scheme='http://www.blogger.com/atom/ns#' term='Radical Austerity'/><category scheme='http://www.blogger.com/atom/ns#' term='Entitlement Cuts'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt Ceiling Deal'/><title type='text'>Hidden Agenda: The "Debt Crisis Plan" was to Strike a Blow at the National Social Safety Net</title><content type='html'>By Shamus Cooke &lt;br /&gt;&lt;em&gt;&lt;a href="http://www.blogger.com/URL%20of%20this%20article:%20www.globalresearch.ca/index.php?context=va&amp;amp;aid=25862"&gt;Global Research &lt;/a&gt;&lt;/em&gt;&lt;br /&gt;August 2, 2011 &lt;br /&gt;&lt;br /&gt;The debt crisis has been averted and people across the globe are breathing sighs of relief. &lt;br /&gt;&lt;br /&gt;But in the back rooms of the US Congress, politicians are celebrating for a different reason. It's the kind of celebration that erupts when a group executes a complicated plan to perfection. The objective in this case was to strike the first blows against the national social safety net without encountering massive resistance. Mission half-accomplished thus far. &lt;br /&gt;&lt;br /&gt;Half accomplished because only half of the $2.5 billion in cuts have been decided on. The other half will be sent to a bi-partisan committee where, according to the White House Fact Sheet: &lt;br /&gt;&lt;br /&gt;"... the committee will consider responsible entitlement [Social Security and Medicare] and tax reform [cuts to entitlement programs]. This means putting all the priorities of both parties on the table – including both entitlement reform [Social Security, Medicare and Medicaid] and revenue-raising tax reform.” &lt;br /&gt;&lt;br /&gt;If the committee fails to agree on the cuts, they would be automatically triggered, and Medicare would be the target: "...any cuts to Medicare would be capped and limited to the provider side." This means that fewer doctors would accept Medicare patients or they would provide fewer services to Medicare beneficiaries. &lt;br /&gt;&lt;br /&gt;When it comes to cutting Social Security and Medicare, the Democrats are Republicans are only trying to get their foot into the door. Nevertheless, the potential cuts will have a massive impact on the millions of Americans who depend on these vital services. And if these cuts are allowed to happen unopposed, the possibility of future, more dramatic cuts is certain. &lt;br /&gt;&lt;br /&gt;Equally bad is that the budget deal makes the unemployment situation even worse. In writing about the effect the cuts would have on employment, a Moody’s analyst predicted that:&lt;br /&gt;&lt;br /&gt;"The deal announced last night calls for a yearly average of $240 billion in cuts over the next decade. Very roughly, that suggests the new plan would cost around 1.6 million jobs per year during that time. [!]" (August 1st, 2011). &lt;br /&gt;&lt;br /&gt;This noxious level of contempt for working people was the product of a manufactured crisis, with Democrats and Republicans playing along. How did Obama and the Democrats essentially push through the long-term objectives of the Republican Party? Author Michael Hudson explains on Democracy Now: &lt;br /&gt;&lt;br /&gt;"... There has to be a crisis. Now, in reality, there is no crisis at all. In reality, raising the debt ceiling has been done for a hundred years automatically. There is no connection between raising the debt ceiling and arguing over tax policy. Tax policy takes many years to work out. All of a sudden, Mr. Obama is going along with the charade of saying, "Wait a minute, let’s create a crisis."... And Wall Street doesn’t like real crises, so there’s an artificial non-crisis that Obama is treating as a crisis so that he can put forth the recommendations of the Deficit Reduction Commission to get rid of Social Security that he has supported all along." (July 22nd, 2011). &lt;br /&gt;&lt;br /&gt;Thus, it's not true that Obama was "held hostage" by the Republicans. If he told the country only half of what Mr. Hudson explained on Democracy Now, the Republicans would have folded instantly. If Obama would have told the country that the Republicans wanted massive cuts to Social Security and Medicare, instead of purposely hiding these issues, Republican voters would have converged on Capitol Hill with torches and pitchforks. Instead, Obama went along with the charade; because in order for it to succeed, he was required to play a leading role in the drama. &lt;br /&gt;&lt;br /&gt;Liberal groups and the major labor federations -- AFL-CIO and Change to Win -- have given a left cover to Obama's far-right policies, wrongly blaming only the Republicans every step of the way. But this willful blindness has its limits. These groups intend to "get out the vote" for Obama in 2012 while ignoring all the damage he's done to working families, while they also ignore all the promises Obama made to them and didn't keep last time. &lt;br /&gt;&lt;br /&gt;The rank-and-file members of labor unions and liberal groups are among the million of Americans suffering under Obama's economic policies and will not follow their leaders like lemmings over the cliff for Obama's next presidential run. There will be a profound lack of rank-and-file volunteers to campaign for Obama, even as labor union leaders throw away their members’ dues money for the campaign. And because fewer members will campaign for Obama, he will feel less inclined to reward them after (or if) he wins. Instead, he'll again reward Wall Street, meaning, he'll continue to take from working people and give to the rich, further exacerbating the problem. &lt;br /&gt;&lt;br /&gt;To change this downward spiral for labor and liberal groups a new approach is desperately needed, and can be started in two steps: 1) Put forth independent demands. 2) Wage a real fight for these demands. The most immediate demands for the majority of people are job creation and saving Social Security, Medicare, and the broader safety net including Medicaid. These demands require that revenue be raised by taxing the rich and corporations, since no other group can afford any taxes, and inequality continues to skyrocket. &lt;br /&gt;&lt;br /&gt;There is a direct link between the decades-long lowering of taxes on the wealthy and corporations and deficits rising on the national and state level. Economist Richard Wolff explains on Democracy Now:&lt;br /&gt;&lt;br /&gt;"We’re running a deficit because the people who run this society would like us to deal with our economic problems, not by taxing those who have it, the way we used to, but instead by endlessly borrowing from them. And now the ultimate irony, we’ve borrowed so much as a nation from the rich and the corporations, they now are not so sure they want to continue to lend to us, because we’re so deeply in debt. And they want us instead to go stick it to poor people and sick people instead. It’s an extraordinary moment in our history as a nation." (July 29th, 2011). &lt;br /&gt;&lt;br /&gt;So instead of directly taxing the very rich and corporations, we are borrowing money from them with interest. Much of the money we are borrowing from them was given to them via the bank bailouts; they were given free taxpayer money and lent the money back to the taxpayers, while demanding that programs that benefit working people be slashed! This extraordinary moment requires extraordinary action from working class organizations, including mass demonstrations as part of a sustained, independent campaign. &lt;br /&gt;&lt;br /&gt;The deficit reduction plan worked out by the cooperation between Republicans and Democrats is not set in stone. Massive, ongoing protests have a tendency to make politicians re-think their policies.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-5906841236896072988?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/5906841236896072988/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=5906841236896072988&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5906841236896072988'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5906841236896072988'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/hidden-agenda-debt-crisis-plan-was-to.html' title='Hidden Agenda: The &quot;Debt Crisis Plan&quot; was to Strike a Blow at the National Social Safety Net'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-4835655905960818343</id><published>2011-08-03T14:12:00.001-05:00</published><updated>2011-08-03T14:14:28.334-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Fascism'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt Ceiling'/><category scheme='http://www.blogger.com/atom/ns#' term='Super Congress'/><category scheme='http://www.blogger.com/atom/ns#' term='MIMIC'/><title type='text'>Debt Ceiling Deal Trickery: A Catalyst for an Uprising?</title><content type='html'>By: Kevin Gosztola&lt;br /&gt;&lt;em&gt;&lt;a href="http://dissenter.firedoglake.com/2011/08/02/debt-ceiling-deal-trickery-a-catalyst-for-an-uprising/"&gt;dissenter.firedoglake.com&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;Tuesday August 2, 2011 5:10 pm &lt;br /&gt;&lt;br /&gt;The outcome of the debt ceiling talks is a foregone conclusion. An agreement has been established. The Obama Administration and GOP leaders came together and came up with a deal that would satisfy enough of Republican congressman beholden to the right wing economic libertarian “Tea Party.” Democratic leaders were stuck in the middle, trying to advance a plan that would be less destructive to the people of this country yet President Barack Obama gave very little support always indicating he was for a compromise with Speaker John Boehner, who was, as is typical, being driven by corporate interests and the faction of people Vice President Joe Biden would later accuse of “acting like terrorists.”&lt;br /&gt;&lt;br /&gt;It was scripted political theater from the beginning to end and had a predictable outcome. One might recall the American people were given a preview of the debt ceiling talks back in December when Obama announced a tax cut deal that validated the GOP’s hostage taking strategy. Middle class tax cuts, jobless benefits and other items were held hostage until Obama committed to extending tax cuts for the top 2% of Americans.&lt;br /&gt;&lt;br /&gt;Then, too, a bipartisan deal was achieved. New York Times columnist Paul Krugman warned giving into “blackmailers” would ensure demands in the future. “As long as Republicans believe that Mr. Obama will do anything to avoid short-term pain, they’ll have every incentive to keep taking hostages. If the president will endanger America’s fiscal future to avoid a tax increase, what will he give to avoid a government shutdown?”&lt;br /&gt;&lt;br /&gt;On the debt deal, Krugman argues Obama surrendered. He agreed to “big spending cuts, with no increase[s] in revenue.” Democrats and Obama decided Republicans might have an “incentive” to make cuts next time around. He further emboldened corporate and special interests that have a vice grip on the American government. Worse, Obama signed off on a clear subversion of democracy by advocating for the establishment of a 12-person “Super Congress,” a panel of members in Congress that will cut at least $1.2 trillion and decide what to cut.&lt;br /&gt;&lt;br /&gt;This is not surrender though. This is what President Obama wants. This is making government “work.” This is making certain gridlock doesn’t get in the way of Obama’s commitment to demonstrating he has “changed” Washington by making it “work.” And, to better understand the outcome of this bipartisan deal, one should remember what comedian George Carlin said about the word “bipartisan” meaning a much larger-than-usual deception is being carried out.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Whose Delusionary and Uninformed? &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Those arguing that Obama had no choice but to bow to pressure from the GOP or Tea Party are significantly misinformed or willfully ignorant. There was a legal remedy for all of this. He did not have to risk more economic injustice in this country and put social programs like Medicare, Medicaid and Social Security on the chopping block. He had the opportunity to raise the debt ceiling in December but chose not to because he thought he would like to have a second chance to prove he can govern without being extorted.&lt;br /&gt;&lt;br /&gt;Those suggesting the people of this country have to find something positive in this outcome are even shallower. Defense spending will not face deeper cuts than Medicare, Medicaid or Social Security. Or, if defense spending does face cuts, it will likely mean defense spending cuts come out of an extra $50 billion deal negotiated outside of the debt ceiling talks and the Defense Department will most likely end up with more funding and resources than before the debt ceiling “crisis” began to be manufactured by the political class in Washington.&lt;br /&gt;&lt;br /&gt;Ezra Klein of The Washington Post seems to think that Obama’s strategy is “brilliant.” He has attached a double trigger that means defense contracting cuts and Bush tax cuts could go into effect if Republicans don’t “compromise.” What theater ensemble has Klein been watching move about on the political stage in Washington? As Matt Taibbi of Rolling Stone has written, the Democrats did not fight the GOP at all. They could not fight the GOP at all because they would have impeded the Obama Administration’s ability to cut a deal favorable to the GOP.&lt;br /&gt;&lt;br /&gt;“[Democrats] made a show of a tussle for a good long time — as fixed fights go, you don’t see many that last into the 11th and 12th rounds, like this one did — but at the final hour, they let out a whimper and took a dive,” Taibbi concludes. “We probably need to start wondering why this keeps happening. Also, this: if the Democrats suck so bad at political combat, then how come they continue to be rewarded with such massive quantities of campaign contributions?” Adding, “Who spends hundreds of millions of dollars for what looks, on the outside, like rank incompetence?”&lt;br /&gt;&lt;br /&gt;The answer is a few million liberals, who get involved in organizations like MoveOn and Organizing for America (the worst of the two) get involved in spending millions of dollars on what appears to be “rank incompetence.” The answer is unions with weak leaders like Richard Trumka of AFL-CIO, who pretend to be inching toward starting an independent political movement then turn coward and go back to business as usual.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;What Looks Like “Rank Incompetence” is Intentional&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;What has been on display really isn’t “rank incompetence” at all. As many people who write and discuss politics are realizing, the Democrats’ role in the debt ceiling crisis was to not fight back against the GOP or the Obama Administration. It was to concede when necessary.&lt;br /&gt;&lt;br /&gt;And, atrociously, the final moment of rolling over and playing dead for corporations and the wealthy in America came just when the Democratic Party seemingly used Rep. Gabrielle Giffords (D-AZ), who was shot in the head in Arizona by a sociopath in January. She was trotted out to vote for the deal. Standing on the House floor, Giffords’ condition was exploited to ensure that not enough Democrats would vote against the deal.&lt;br /&gt;&lt;br /&gt;Is this really acceptable to people who support Obama? Is this really acceptable to people who are considering voting for Democrats in 2012 because they think that will remedy the continued onslaught on the poor, working, and middle class of America by the Tea Party, the shock troops for corporate and special interests in America?&lt;br /&gt;&lt;br /&gt;It is no longer possible to tell someone with a straight face that Obama hasn’t continued the Bush “war on terror” policies that have a brought forth an assault on civil liberties. It should no longer be possible for someone to look another in the face and argue Obama is any better than Bush.&lt;br /&gt;&lt;br /&gt;Not a single person has gone to jail for being criminally involved in the collapse of the economy in 2008. Jeff Cohen of FAIR points out Obama has consistently put “corporate deregulation and greed ahead of the needs of most Americans.”&lt;br /&gt;&lt;br /&gt;Finally, the Republicans will not be beat back by finding Democratic candidates for primaries. The system is too broken for that to remedy much of anything. The debates should not center around which personalities will lead us the way forward. The focus should be on people like you—the people who are tuned into the political moment, who nod in agreement with the words of this post and other much more insightful posts here in other sectors of the blogosphere.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;“The Outrage Must Come from You”&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Keith Olbermann had it right on “Countdown” last night as he outlined what he called the “four great hypocrisies” of this debt ceiling deal:&lt;br /&gt;&lt;br /&gt;Where is the outrage over these great hypocrisies? Do you expect it to come from a corrupt and corrupted media for whom access is of greater importance then criticizing the failure of a political party or defending those who don’t buy newspapers or can’t leap website pay walls or could not afford cable TV? Do you expect it to come from a cynical and manipulative political structure? Do you expect it from those elected officials who no longer know anything of government or governance but only perceive how to get elected or how to pose in front of a camera and pretend to be leaders? Do you expect it from politicians themselves who will merely calculate whether or not it’s right based on whether or not it will get them more contributions? Do you expect it will come from the great middle ground of this country with a population obsessed with entertainment, video games, social media, sports and media?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Where is the outrage to come from? From you!&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Olbermann proceeded to declare that the people must become organized, unified and hell bent like the corporations which are organized, unified and hell bent on crushing the people of this country. He called on Americans to “find again the energy and the purpose of the 1960s and early 1970s and we must protest this deal and all the goddamn deals to come, in the streets.” And, he got specific urging general strikes, boycotts, protests, sit-ins, non-cooperation, takeovers, etc.&lt;br /&gt;&lt;br /&gt;To the cynical who are saying strikes, boycotts, protests, sit-ins, non-cooperation, takeovers, etc can never happen, that Americans never engage in resistance and will not engage in resistance to save this country from permanent ruin, there are groups who have already been mounting efforts. This moment will only act as a catalyst for ensuring the number of people, who participate in the action, increase tremendously.&lt;br /&gt;&lt;br /&gt;Occupy Wall Street is building up for September 17, calling for a “Tahrir moment,” which would involve citizens flooding into lower Manhattan to set up tents, kitchens, peaceful barricades, etc to occupy Wall Street. Using the means of communication that exists today, which radicals of the 1960s did not have, they intend to harness the power of a plurality of voices and demand “democracy not corporatocracy” right from the belly of the beast.&lt;br /&gt;&lt;br /&gt;US Day of Rage (USDOR), which has endorsed Occupy Wall Street, is also working to fuel principled nonviolent protest on September 17th. A USDOR organizer explains the initiative is focused on challenging the illegitimate US government, which does not currently express the will of the people through free and fair elections. The initiative calls for nonviolent resistance and civil disobedience and aims to build toward a federal protest at the US capitol.&lt;br /&gt;&lt;br /&gt;Seize DC is calling for an action on September 10 to reclaim civil liberties and rights that citizens have lost in this country. The organizers condemn “the seeking of permits, the placing in quarantined zones, the appropriation of ‘free speech’ and the pro forma ‘right to dissent,’ treated as a purely formal and meaningless expression” that has come to curb the ability of any social movement to have an impact in this country. Those behind the action find they do not need permission for free speech or the right to assembly and will not submit to having their protest cordoned off by a “murderous and tyrannical oligarchy.” They intend to “seize” DC—capture the “attention of the city and the nation so that its policies of seize and destroy may end.”&lt;br /&gt;&lt;br /&gt;October 2011 is calling on people to “stop the machine” and “create a new world.” On October 6, they will begin an occupation in Freedom Plaza in Washington, DC, and will not leave until the people there are comfortable leaving. October 2011 organizer Kevin Zeese says they will decide what demands to make, what first steps the government must show they intend to take, before they ultimately leave. They intend to push the government to take notice of the people in Freedom Plaza and following the initial action there will be follow-up actions to continue to democratize the country.&lt;br /&gt;&lt;br /&gt;There are many initiatives going on in the country. Protests are happening every day and the people are coming out to show their leaders they are angry and outraged. Zeese concludes, “People are all reaching the same conclusion together. There is a group consciousness that is developing that the dysfunctional government that’s corrupted by corporate dollars is not acceptable anymore.”&lt;br /&gt;&lt;br /&gt;A laundry list of civil liberties have been lost. Constitutional rights have been systematically violated. (The Dissenter, in its first weeks of operation, has brought forth this reality in multiple posts.)&lt;br /&gt;&lt;br /&gt;Resistance efforts aim to turn back the assault. Zeese rightfully suggests that the way you gain constitutional rights and civil liberties back is that you use them. Like exercising a muscle, he says, the more you use civil liberties, the stronger they get in society.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Be Cynical—It Will Only Please the Powerful in This Country&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Nobody can say people aren’t mounting a struggle to prevent this country from becoming a permanent oligarchy. No person can suggest that there is no effort to end the self-perpetuation of the project, which far too many hypocritically engage in while at the same time complaining about the way they are consistently shafted.&lt;br /&gt;&lt;br /&gt;The Tunisia revolution, the first and second uprisings in Egypt, and the growing protests in Europe didn’t begin as strong as they are today. The challenging of austerity and autocracy in government didn’t begin with millions and millions of people instantly shaking the foundations of government. It took a few people finally deciding enough was enough. It took citizens entering a public square and deciding they had reached their breaking point with the power structure of society and weren’t going to take it anymore.&lt;br /&gt;&lt;br /&gt;Blacks and white abolitionists didn’t wait for the country to reach their level of consciousness when they took action for emancipation from slavery. They took the lead. Women didn’t wait for the country to reach their level of consciousness when they took action for equal rights. They took the lead. Black people didn’t wait for the country to reach their level of consciousness when they took action against Jim Crow laws and beat back inequality and injustice. They took the lead.&lt;br /&gt;&lt;br /&gt;Those who don’t get it won’t get it and cannot be expected to get it. They may get it once they see people in the streets. But, the people who understand the objective situation the country is in have an obligation and duty to take action. The resistance is called for and justified. No act of rebellion will be wasted. All outlets for enacting influence on power have been closed down and stopped up by the congressional-media-military-security complex. If the state of society to you is abhorrent, the answer is to get out in the streets and help reinforce the groups that are engaged in efforts for radically changing society.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-4835655905960818343?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/4835655905960818343/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=4835655905960818343&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4835655905960818343'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4835655905960818343'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/debt-ceiling-deal-trickery-catalyst-for.html' title='Debt Ceiling Deal Trickery: A Catalyst for an Uprising?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-8675503177546593373</id><published>2011-08-01T17:31:00.001-05:00</published><updated>2011-08-01T17:33:12.570-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='American Oligarchy'/><category scheme='http://www.blogger.com/atom/ns#' term='Wall Street Gamblers'/><category scheme='http://www.blogger.com/atom/ns#' term='Plutocracy'/><title type='text'>The US Dictatorship and its White House Servant ‘President’</title><content type='html'>by Finian Cunningham &lt;br /&gt;&lt;em&gt;&lt;a href="http://globalresearch.ca/index.php?context=va&amp;amp;aid=25853"&gt;Global Research&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;August 1, 2011 &lt;br /&gt;&lt;br /&gt;If there is one thing that the office of President Barack Obama demonstrates it is that democracy does not exist in the United States. This may seem a rather outlandish statement. For many people, the fact that the 44th president is the first black man to preside over the White House – with its American colonial-style architecture – is a tribute to the triumph of US democracy. &lt;br /&gt;&lt;br /&gt;But many other more telling facts indicate that Obama is but a figurehead of an unelected government in the US. This unelected power of corporate elites – commercial, financial, military – governs with the same core policies regardless of who is sitting in the White House. Whether these policies are on social, economic or foreign matters, the elected president must obey the direction ordained by the unelected elite. That kind of untrammeled power structure conforms more closely in practice to dictatorship, not democracy. &lt;br /&gt;&lt;br /&gt;As Michael Hudson and Ellen Brown reveal in their analyses of the US budget debacle, &lt;strong&gt;Obama is pathetically doing the bidding of Wall Street – much like an errand boy [1] [2]. &lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Brown writes: “The debt crisis was created, not by a social safety net bought and paid for by the taxpayers, but by a banking system taken over by Wall Street gamblers. The gamblers lost their bets and were bailed out at the expense of the taxpayers; and if anyone should be held to account, it is these gamblers. &lt;br /&gt;&lt;br /&gt;“The debt ceiling crisis is a manufactured one, engineered to extort concessions that will lock the middle class in debt peonage for decades to come. Congress is empowered by the Constitution to issue the money it needs to pay its debts.” &lt;br /&gt;&lt;br /&gt;Obama’s servile toeing of Wall Street’s line is not the behavior of a free leader boldly defending the interests of the people and the greater good. Rather, &lt;strong&gt;his behaviour is that of one doing what he is told to do – and doing it with grateful deference. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;In this way, of course, Obama is hardly different from his predecessors. But of difference is just how blatant &lt;strong&gt;the White House is now appearing to function as a mere tool of the rich and powerful elite. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The irony is that Obama’s election was presented as a potent symbol of American democracy; the truth is that the two-party system has become a threadbare cover for immense feebleness when it comes to serving the diktat of elite power as opposed to the good of the people. “The most powerful office in the world” would be more accurately referenced as “the most feeble purveyor of elite interests”. &lt;br /&gt;&lt;br /&gt;Obama’s presence in the White House indulges a superficial moral/political correctness while the masters whip us all into austere servitude. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The US “war on terror” is another illustration of America’s dictatorship of the elite – and Obama’s pathetic servile role of carrying out the masters’ orders in defiance of the will of the people. &lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Recall that Obama’s bid for presidential election in 2008 was avowedly based on ending the US-led wars in Afghanistan and Iraq. He also denounced his incumbent rival George W. Bush over the use of special powers that enabled such aberrations as the Guantanamo Bay concentration camp and a host of draconian home security policies infringing on civil rights &lt;br /&gt;&lt;br /&gt;Obama also signaled in his inaugural speech – reiterated again soon after in Cairo – that under his watch the US was resetting foreign policy – turning away from the militarist policies of Bush to a more enlightened approach for settling conflicts with the Muslim World and Iran in particular. “If they unclench their fist, we will extend our hand,” Obama declared with seemingly heartfelt eloquence. &lt;br /&gt;&lt;br /&gt;But on every count, Obama has reneged on his supposed opposition to the US “war on terror”. Indeed, under his watch, the US has expanded its militarist foreign policy – which is apparently predicated on the belief that “western democracy is threatened by Islamic extremism”. &lt;strong&gt;Obama has done nothing to roll back draconian home security policies, indeed appears to have extended them&lt;/strong&gt;. And he continues his predecessor’s deception of conflating Iran and its alleged nuclear ambitions as part of this phony “Islamic extremists” narrative. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;To perform such a disgraceful U-turn on so many election promises, the presidency of Barack Obama is clear proof that the holder of office in the White House is not the one who is setting policy – rather, he is following policy that is set by unelected others. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;When news broke about the massacre in Norway where more than 70 people were killed in a twin bomb and gun attack, Obama reacted like an automaton of the unelected power system, instead of like an independent, reasonable political leader. Even though it was clear within hours of the atrocity that the perpetrator was a blond-haired Norwegian with fascist and deeply Islamophobic views, nevertheless Obama reacted immediately to present it as an act of Islamic terrorism. &lt;br /&gt;&lt;br /&gt;Speaking from the White House, Obama said: “It's a reminder that the entire international community has a stake in preventing this kind of terror from occurring, and that we have to work co-operatively together both on intelligence and in terms of prevention of these kinds of horrible attacks.” &lt;br /&gt;&lt;br /&gt;The president may not have used the words “Islamic terrorism” but it is clear that he was invoking the massacre as part of the “war on terror” which is predicated on the notion of Islamic terrorism. &lt;br /&gt;&lt;br /&gt;In this mindset, Obama was not alone. British Prime Minister David Cameron moved into action stations, saying that British intelligence would help their Norwegian counterparts to track down the culprits – again implying that the perpetrators were part of an international organization – which in war on terror code means an Islamic organization. &lt;br /&gt;&lt;br /&gt;The US and British news media also jumped to the conclusion that the Norwegian attacks must have something to with Al Qaeda or some other “Jihadist” group. &lt;br /&gt;&lt;br /&gt;That such a widespread and erroneous reflex response from Western political leaders and news media – the so-called free press – can be elicited so uncritically shows how trenchantly the war on terror and its Islamophobic mindset are embedded. &lt;br /&gt;&lt;br /&gt;The consequences of this are deeply disturbing. For a start, such a mindset of the Western political and media establishment can only lead to further Islamophobia in these societies. There were reports of hate attacks against ordinary Muslims across Europe immediately after the Norway atrocity, no doubt caused by the malign and erroneous way that politicians and the media attributed the incident to Islamists. &lt;br /&gt;&lt;br /&gt;Even more disturbing is that the war on terror mindset fomented by Western governments and media over the past 10 years has led to the creation of lunatic fascist psychopaths like Anders Behring Breivik who carried out the Norway mass murder. Breivik and others like him think that Europe and the US must be defended from some kind of Muslim threat. This kind of logic does not conjure from thin air. It is rather the logical conclusion of the war on terror mindset that Western governments and news media have pushed down the throats of their citizens for a decade. &lt;br /&gt;&lt;br /&gt;The sad part is that the majority of Western citizens are not convinced by the phony crusading of their governments and media, nor of the alleged threat of Islamic extremists. Most people realize that &lt;strong&gt;whatever Islamic extremists operate, they are either a creation of Western intelligence or a backlash against Western imperialism&lt;/strong&gt;. That is why Obama’s avowed election promises to end America’s criminal wars and reset foreign policy on a more reasonable, democratic footing got him elected. &lt;br /&gt;&lt;br /&gt;The even sadder part is that as Obama’s ineffectual election shows, the US (and its Western lackeys) is being driven further and further into bankrupting, criminal wars of aggression that will cause more victims of violence and social mayhem at home and abroad. And it’s all because &lt;strong&gt;democracy in the US (and elsewhere in the West) is non-existent. The US is a dictatorship&lt;/strong&gt;. And Mr Obama is too ineffectual (save for the masters) and irrelevant to be even loosely called its dictator. &lt;br /&gt;&amp;nbsp; &lt;br /&gt;&lt;strong&gt;NOTES &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;[1] http://www.globalresearch.ca/index.php?context=va&amp;amp;aid=25825 &lt;br /&gt;[2] http://www.globalresearch.ca/index.php?context=va&amp;amp;aid=25842&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-8675503177546593373?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/8675503177546593373/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=8675503177546593373&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8675503177546593373'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8675503177546593373'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/us-dictatorship-and-its-white-house.html' title='The US Dictatorship and its White House Servant ‘President’'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6122805107125702288</id><published>2011-08-01T12:55:00.001-05:00</published><updated>2011-08-01T12:58:00.733-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Debt Ceiling'/><category scheme='http://www.blogger.com/atom/ns#' term='Super Congress'/><category scheme='http://www.blogger.com/atom/ns#' term='John Conyers'/><category scheme='http://www.blogger.com/atom/ns#' term='Neo-Feudal Oligarchy'/><category scheme='http://www.blogger.com/atom/ns#' term='March on Washington'/><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deal'/><title type='text'>36-Year Congressman John Conyers Calls for Protest Against the Debt Deal: “Thousands of People [Should Mass] In Front Of The White House To Protest This</title><content type='html'>Monday, August 1, 2011 &lt;br /&gt;&lt;a href="http://www.washingtonsblog.com/2011/08/long-time-conressman-calls-for-protests.html"&gt;Washingtons blog&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;36-Year Congressman John Conyers Calls for Protest Against the Debt Deal: “Thousands of People [Should Mass] In Front Of The White House To Protest This”&lt;br /&gt;&lt;br /&gt;&lt;iframe allowfullscreen="" frameborder="0" height="390" src="http://www.youtube.com/embed/Op66HTJdf-U" width="640"&gt;&lt;/iframe&gt;&lt;br /&gt;&lt;br /&gt;Rep. Emanuel Cleaver (D-Missouri) said of the debt "compromise":&lt;br /&gt;&lt;br /&gt;It looks like a Satan sandwich.&lt;br /&gt;&lt;br /&gt;Traditional conservatives such as Ron Paul are strongly opposed to the deal, and have warned Americans that this could spell the end of America as we know it.&lt;br /&gt;&lt;br /&gt;The debt deal is so bad that long-time (36-year) Congressman John Conyers is calling for people to march on the White House:&lt;br /&gt;&lt;br /&gt;We’ve got to educate the American people at the same time we educate the President of the United States. The Republicans, Speaker Boehner or Majority Leader Cantor did not call for Social Security cuts in the budget deal. The President of the United States called for that. My response to him is to mass thousands of people in front of the White House to protest this.&lt;br /&gt;&lt;br /&gt;(Conyers is right about Obama - not Republicans - initiating cuts to social security.)&lt;br /&gt;&lt;br /&gt;Why is the debt deal so bad?&lt;br /&gt;&lt;br /&gt;As I've previously noted, the deal would create a "super congress" which is an end-run around accountability to the voters and the constitution.&lt;br /&gt;&lt;br /&gt;As Chris Floyd writes today:&lt;br /&gt;&lt;br /&gt;[The] extraordinary "special committee" or "Super Congress" ... is an unaccountable politburo which will be able to circumvent all normal democratic (and republican) principles and issue budget-slashing, tax-cutting legislation that cannot be debated or amended, but simply approved or rejected by the rest of the now-powerless representatives and senators.&lt;br /&gt;&lt;br /&gt;That's not all. If the politburo -- handpicked members split evenly between the two gangs of thieves and poltroons that now hold sway on Capitol Hill -- can't agree on just how much they want to gut the budget and cut taxes for the rich, why then, this will trip a series of "triggers" which will automatically start gutting, slashing and cutting, without any vote by the democratically elected representatives whatsoever. And surely it would be superfluous in me to point out that these unaccountable "superpowers" will soon stretch to cover other areas of legislation beyond budgeting and taxes.&lt;br /&gt;&lt;br /&gt;Behind all the flim-flammery of this manufactured "crisis", we are watching the creation of a new form of government -- or rather, the further mutation of the new form of government that the United States has been crawling toward for a long time. We called it a "neo-feudal oligarchy backed by a militarist police state" here the other day. No doubt there are many other ways you could describe this murderous, ravenous, lopsided monstrosity of a system. But the one thing you cannot call it is a "republic".&lt;br /&gt;&lt;br /&gt;But at least the compromise will allow us to get our ballooning debt under control by making painful but necessary slashes to the budget, right?&lt;br /&gt;&lt;br /&gt;Unfortunately, no.&lt;br /&gt;&lt;br /&gt;As &lt;em&gt;Business Insider&lt;/em&gt; reports:&lt;br /&gt;&lt;br /&gt;The “historic, bipartisan compromise” reached to raise the debt limit does not end the struggle to reign in the federal deficit — in fact, it pushes the most difficult decisions off into the future.&lt;br /&gt;&lt;br /&gt;More surprising, the debt deal actually cuts almost nothing now–it just promises future cuts that may or may not materialize.&lt;br /&gt;&lt;br /&gt;There are very few specific cuts in the deal — and the $1 trillion in immediate cuts are almost entirely constituted of caps on future spending. And those caps are not required to be honored by future congresses.&lt;br /&gt;&lt;br /&gt;In short, for the past month, Congress has been arguing about little more than an agreement to reach an agreement at some point in the future. Your tax dollars at work.&lt;br /&gt;&lt;br /&gt;And the debt deal won't preserve America's AAA credit rating. At most, it will buy a couple of months to a year, and then we'll be downgraded.&lt;br /&gt;&lt;br /&gt;Indeed, the Congressional Budget Office scores the compromise as providing only half of the cuts required by Standard &amp;amp; Poor's to avoid a debt downgrade (and concludes that only 2% of the total cuts will occur prior to the 2012 presidential election).&lt;br /&gt;&lt;br /&gt;In other words, Washington is once again doing what it has been doing for years ... kicking the can down the road ... and trashing the Constitution. &lt;br /&gt;&lt;br /&gt;No wonder even long-time Congressman Conyers is calling for the American people to march on the White House.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6122805107125702288?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6122805107125702288/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6122805107125702288&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6122805107125702288'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6122805107125702288'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/36-year-congressman-john-conyers-calls.html' title='36-Year Congressman John Conyers Calls for Protest Against the Debt Deal: “Thousands of People [Should Mass] In Front Of The White House To Protest This'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://img.youtube.com/vi/Op66HTJdf-U/default.jpg' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6411534938332826474</id><published>2011-08-01T10:55:00.001-05:00</published><updated>2011-08-01T10:57:12.815-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Federal Debt  Celing'/><category scheme='http://www.blogger.com/atom/ns#' term='American National Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='US Budget Deficit'/><title type='text'>The President Surrenders</title><content type='html'>By PAUL KRUGMAN &lt;br /&gt;&lt;br /&gt;August 01, 2011 &lt;a href="http://www.nytimes.com/2011/08/01/opinion/the-president-surrenders-on-debt-ceiling.html?_r=3"&gt;"NY Times"&lt;/a&gt; -- A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong. &lt;br /&gt;&lt;br /&gt;For &lt;strong&gt;the deal itself, given the available information, is a disaster,&lt;/strong&gt; and not just for President Obama and his party. &lt;strong&gt;It will damage an already depressed economy&lt;/strong&gt;; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, &lt;strong&gt;it will take America a long way down the road to banana-republic status.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Start with the economics. We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further&lt;/strong&gt;. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record.&lt;br /&gt;&lt;br /&gt;Indeed, &lt;strong&gt;slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse&lt;/strong&gt;. On one side, interest rates on federal borrowing are currently very low, so spending cuts now will do little to reduce future interest costs. On the other side, &lt;strong&gt;making the economy weaker now will also hurt its long-run prospects, which will in turn reduce future revenue&lt;/strong&gt;. So those demanding spending cuts now are like medieval doctors who treated the sick by bleeding them, and thereby made them even sicker.&lt;br /&gt;&lt;br /&gt;And then there are &lt;strong&gt;the reported terms of the deal, which amount to an abject surrender on the part of the president&lt;/strong&gt;. First, there will be big spending cuts, with no increase in revenue. Then a panel will make recommendations for further deficit reduction — and if these recommendations aren’t accepted, there will be more spending cuts.&lt;br /&gt;&lt;br /&gt;Republicans will supposedly have an incentive to make concessions the next time around, because defense spending will be among the areas cut. But &lt;strong&gt;the G.O.P. has just demonstrated its willingness to risk financial collapse unless it gets everything its most extreme members want. Why expect it to be more reasonable in the next round?&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;In fact, &lt;strong&gt;Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling&lt;/strong&gt;. Maybe it’s just me, but I see a pattern here.&lt;br /&gt;&lt;br /&gt;Did the president have any alternative this time around? Yes.&lt;br /&gt;&lt;br /&gt;First of all,&lt;strong&gt; he could and should have demanded an increase in the debt ceiling back in December. &lt;/strong&gt;When asked why he didn’t, he replied that he was sure that Republicans would act responsibly. Great call.&lt;br /&gt;&lt;br /&gt;And even now,&lt;strong&gt; the Obama administration could have resorted to legal maneuvering to sidestep the debt ceiling, using any of several options&lt;/strong&gt;. In ordinary circumstances, this might have been an extreme step. But faced with the reality of what is happening, namely raw extortion on the part of a party that, after all, only controls one house of Congress, it would have been totally justifiable.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;At the very least, Mr. Obama could have used the possibility of a legal end run to strengthen his bargaining position&lt;/strong&gt;. Instead, however, he ruled all such options out from the beginning.&lt;br /&gt;&lt;br /&gt;But wouldn’t taking a tough stance have worried markets? Probably not. In fact, &lt;strong&gt;if I were an investor I would be reassured, not dismayed, by a demonstration that the president is willing and able to stand up to blackmail on the part of right-wing extremists.&lt;/strong&gt; Instead, he has chosen to demonstrate the opposite.&lt;br /&gt;&lt;br /&gt;Make no mistake about it, &lt;strong&gt;what we’re witnessing here is a catastrophe on multiple levels&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;It is, of course, a political catastrophe for Democrats,&lt;/strong&gt; who just a few weeks ago seemed to have Republicans on the run over their plan to dismantle Medicare; now Mr. Obama has thrown all that away. And the damage isn’t over: there will be more choke points where Republicans can threaten to create a crisis unless the president surrenders, and they can now act with the confident expectation that he will.&lt;br /&gt;&lt;br /&gt;In the long run, however, Democrats won’t be the only losers. &lt;strong&gt;What Republicans have just gotten away with calls our whole system of government into question&lt;/strong&gt;. After all, how can American democracy work if whichever party is most prepared to be ruthless, to threaten the nation’s economic security, gets to dictate policy? And the answer is, maybe it can’t.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6411534938332826474?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6411534938332826474/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6411534938332826474&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6411534938332826474'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6411534938332826474'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/08/president-surrenders.html' title='The President Surrenders'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-3835229811164193568</id><published>2011-07-31T10:53:00.001-05:00</published><updated>2011-07-31T10:56:58.728-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deficit'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt Ceiling'/><category scheme='http://www.blogger.com/atom/ns#' term='American National Debt'/><title type='text'>The US Constitution Makes Default Illegal: What a Real President Would Do on August 1, 2011</title><content type='html'>Webster G. Tarpley, Ph.D.&lt;br /&gt;&lt;a href="http://tarpley.net/"&gt;TARPLEY.net&lt;/a&gt;&lt;br /&gt;July 27, 2011&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Editor's NOTE:&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;This fictional speech that Webster G. Tarpley has suggested President Obama make is &lt;br /&gt;fascinating. &lt;br /&gt;&lt;br /&gt;--Dr. J. P. Hubert&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;My fellow Americans:&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;I speak to you tonight in an hour of grave danger to our nation. As you know, within the next few hours our government is in danger of failing to make payments of interest and principal which the United States Treasury has contracted to make. In technical terms, we are not far away from beginning to default on payments associated with those US Treasury securities which represent the public debt of the United States. As part of the same crisis, there is now a threat to over 70 million checks which your government issues every month — payments which go to recipients of Social Security, to providers of health services under the Medicare program, to Medicaid beneficiaries, to our active-duty and retired military personnel, to our defense contractors, to our government employees — in short, to everyone who receives a benefit from the federal government, who works for the federal government, or who does business with the federal government.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Default Means National Bankruptcy and World Chaos&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;A default of this kind means nothing less than national bankruptcy. Default is the essence of chaos and anarchy. It is a peril which we have successfully avoided during our entire existence as a nation, through a terrible civil war and the two world wars of the past century.&lt;br /&gt;&lt;br /&gt;The United States dollar continues to play the role of the world reserve currency. This means that the central banks on every continent have chosen to maintain large portions of their reserves in the form of US Treasury securities. This role has been slightly diminished in recent years, but it is substantially intact. For the US government to default on payments through the US Treasury would therefore provoke a radical devaluation of the central bank reserves of the entire globe, wiping out some central banks and leaving others critically weakened. This might lead to massive dumping of US Treasury securities, leading to a general world panic to which no asset class would remain immune. We might see a dramatic decline of the dollar. This would represent the disintegration of the current world financial system, and a breakdown crisis of economic activity of unthinkable proportions. This might happen immediately, or it might require months or even years to explode in its full fury. In any case, it would put the United States on the road to national decline.&lt;br /&gt;&lt;br /&gt;If you recall how financial markets seized up and ceased to function in the terrible days of September and October 2008, you have some inkling of the kind of catastrophic market climate that would be unleashed by the national bankruptcy of the United States. Borrowing, credit, mortgages, car financing, credit cards, and the like would not just require astronomical interest rates; many kinds of lending would disappear altogether. Millions more jobs would be lost.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Public Credit is an Asset for All Americans and for the World&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The United States Treasury securities market, with its $1 trillion per day of turnover, represents a unique national asset for our country. It is a signal achievement of the American System of Political Economy founded by Alexander Hamilton. It is the broadest, deepest, and most liquid market in the world. It is capable of absorbing trillions of dollars of securities and turning them into cash within a few hours – a capability unique on this planet. Despite how indignant we all are about the abuses of Wall Street, it would be extremely unwise to permit the Treasury securities market to be wrecked by ideological fanatics. All the more so since the Treasury market is unique in the world, and its extinction would leave no currency whatsoever in a position to function as the reserve medium of the world. This would have terrible implications for world trade and investment.&lt;br /&gt;&lt;br /&gt;In short, our Treasury securities are the bedrock of all economic activity in this planet, and the common interest of humanity is well served by avoiding their chaotic insolvency.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The “Tea Party Caucus”: Right-wing Anarchists Funded by Malefactors of Great Wealth&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Why, many Americans may wonder, should this crisis exist today? Here it is useless to talk in euphemisms in order to appear conciliatory; it is now necessary to call things by their names. As a result of the current world economic and financial depression which began in 2007-2008, the extreme right wing of the Republican Party, now calling itself the Tea Party, has been energized and revitalized. They have also begun to receive large amounts of political funding, including from a sinister individual who is reported to be the richest man in New York City. These are the malefactors of great wealth about whom presidents of both parties have been warning you for over a century. The goal of these opulent backers of the so-called Tea Party is to eliminate taxation and regulation upon themselves and their private business interests, many of which are in direct conflict with the public good. The impact of this Tea Party on public opinion has been magnified out of all proportion by the collusion of corrupt media cartels; in reality, the supporters of the so-called Tea Party do not exceed about 15% of our population.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Neo-Feudalism&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Thanks to the economic royalists who support them, a Tea Party contingent numbering almost 90 members has entered the House of Representatives. Many are political novices. Many of them sincerely believe in the strange and un-American foreign doctrines of the Austrian school, according to which government is an unnecessary evil which needs to be abolished. It is entirely proper to see them as a species of right wing anarchist. The market, by contrast, they fetishize as infallible, and deserving of unbridled free reign over all the human affairs. They want a market without a government, something which has not existed in human affairs since the transition from the Old Stone Age to the Neolithic age, when the state emerged. The free market with no role whatsoever for government went out with Alley Oop the cave man, and it is not likely to return.&lt;br /&gt;&lt;br /&gt;And all too often, the market of which they speak turns out not to be free, but rather dominated by predatory cartels, monopolies, and oligopolies. They are devoted to the causes of deregulation, privatization, the abolition of trade unions, more privileges for the wealthy, and a race to the bottom among the states. The world for which they are striving resembles perhaps nothing so much as feudalism as seen in Europe after the fall of the Roman Empire – and, like that anarchic chaos, it can only be described as A New Dark Age.&lt;br /&gt;&lt;br /&gt;Most especially, these right wing anarchists of the Tea Party hate the social safety net which incorporates the precious economic rights for which the struggles of the American people won recognition during the New Deal and the Great Society. I am referring of course to Social Security, Medicare, Medicaid, unemployment insurance, the Head Start Program, the WIC program of high-protein meals for expectant mothers and infants, and many more. I am also referring to the right to collective bargaining for wage earners in the public and private sectors alike, and other features of a humane modern society.&lt;br /&gt;&lt;br /&gt;Their reasons for this view read like a catalogue of the seven deadly sins, with pride, greed, rage, and envy in the lead. To these we must add class hatred, and also racism, since many of them are obsessed with the idea that their taxes are being spent to help minority groups.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;New Deal America Repudiates the Tea Party&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The problem faced by the Tea Party Republicans is that two thirds to three quarters of the American people warmly support the social safety net created by the New Deal and the Great Society. A recent poll has also shown that fully 80% of Americans want tax rates on the super-rich to be increased. Despite so many years of radio ranting, venal professors, and merciless sloganeering by politicians, the American people continue to repudiate the ideological platform of the so-called Tea Party. There is no hope their program could ever get passed.&lt;br /&gt;&lt;br /&gt;Out of their despair that their ideological goals could ever be met through the democratic process, these wealthy individuals and their anarchist following have evolved a diabolical strategy. Their strategy is extortion. It is an attempt to place the United States government under duress. It is an attempt to mutilate, alter, and denature our Constitution through unconstitutional means.&lt;br /&gt;&lt;br /&gt;It is nothing short of an illegal coup d’etat.&lt;br /&gt;&lt;br /&gt;The Tea Party cloaks themselves in public as the greatest admirers of the U.S. Constitution. But in one concrete instance after another, we find that the Tea Party is at war with the Constitution.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Tea Party Hates the Constitution in Practice&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Our Constitution speaks not once but twice about the general welfare. To the Tea Party, this is anathema, since they believe that government should serve the wealthy few.&lt;br /&gt;&lt;br /&gt;In terms of the issue at hand, Article I, Section 8 of the Constitution specifies that the Congress shall have the power “To borrow money on the credit of the United States.”&lt;br /&gt;&lt;br /&gt;This is once again anathema to the Tea Party. In such a fundamental provision as this, enacted in response to the bitter lessons of ungovernability taught by the Articles of Confederation interlude, the Tea Party faction sets itself above the wisdom of the founders. The Tea Party would rewrite this provision to read that the Congress shall NOT have the power to borrow money on the credit of the United States, and the framers be damned.&lt;br /&gt;&lt;br /&gt;This is what they admit when they demand their so-called balanced budget amendment. Such an amendment would destroy the finely wrought mechanism of the separation of powers and its accompanying checks and balances, which have served us so well over the centuries. But it is also a subterfuge, since the Tea Party knows very well that this amendment has no chance of being approved by the Congress, nor by the states. Rather, it has included in their litany of cut, cap, and balance purely as a deal-breaker, to make absolutely sure that no possible settlement can be forthcoming in the time available. They are determined to make all negotiations fail.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Tea Party Goal is to Bankrupt the United States&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The goal of the Tea Party faction of Congress is nothing less than the national bankruptcy of the United States, procured by forcing our default on the contractual and legal obligations of this government. They regard default and bankruptcy as positive goods, and indeed as indispensable steps on the path to the free market utopia they fondly imagine. Their reasoning is that, once the United States has gone bankrupt, it will henceforth be either prohibitively expensive or totally impossible for the Treasury to sell its bonds on the world financial markets. Therefore, payments on Social Security, Medicare, Medicaid, and other programs will have to be cut – not by law, but by the brute force of having no money.&lt;br /&gt;&lt;br /&gt;This they do in wartime, with some 160,000 troops in the field, many of them fighting determined enemies on the other side of the world.&lt;br /&gt;&lt;br /&gt;They claim they want predictabilty to allow businesses to create jobs, yet they court the greatest chaos and instability our nation has ever faced in our financial affairs – insolvency.&lt;br /&gt;&lt;br /&gt;These same Tea Party ideologues, still feigning a concern about the American people, have already sponsored legislation which would give foreign creditors — the Chinese, the Japanese, the Saudis, and others — top priority in payments made by the federal government, ahead of our military personnel. According to these bills, we can be sure that Americans whose lives depend on Social Security, Medicare, and Medicaid will be dead last when disbursements are made. We can perhaps now see the real dimensions of the sinister plan with which we are confronted. By driving this government into bankruptcy, the Tea Party hopes to roll back the Constitution by wrecking the Congressional ability to borrow money as a practical matter, while at the same time destroying the entitlement programs which the most extreme Republicans have hated since the time of Franklin D. Roosevelt.&lt;br /&gt;&lt;br /&gt;And not just Tea Party fanatics endorse this strategy. Indeed, it has the sympathy of rich elitists of all political stripes, including the academic and foundation left, who welcome the effort to strip away the economic rights of the American people.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Default Spells Genocide Against the American People&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;This is a policy which threatens the very lives of millions of Americans. It raises the specter of genocide against our own people. And I have not become President of the United States to preside over genocide against Americans.&lt;br /&gt;&lt;br /&gt;I am not motivated by any ambition for the aggrandizement of the powers of the presidency. I have negotiated in good faith for months. The other side has not. I have offered reasonable concessions. Indeed, I have waited until now, when the clock reads five minutes to twelve, constantly hoping that the legislative process in Congress would yield an acceptable result. But now, with the specter of national bankruptcy in full view, and no reasonable outcome forthcoming, it is my responsibility to act. Since I sit in the seat that belonged to Washington and Lincoln and Roosevelt, it is my hope that my actions may be worthy of their heritage.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;In a Conflict Among Statutes, the Constitution Decides&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;I am faced first of all with a conflict among statutes passed by Congress. On the one hand there is the debt ceiling law, which states that the Total Public Debt Outstanding of the United States of America shall not exceed $14.294 trillion. Since our public debt reached that level on May 16, this statute could be interpreted as barring any further auctions of United States treasury bills, notes, and bonds. And if we cannot borrow money in this way, since our current income is inadequate to meet all our obligations, we are headed for default, bankruptcy, and, worst of all, social chaos.&lt;br /&gt;&lt;br /&gt;But this is not the only statute in the US Code. There are also other statutes to which I must pay attention. All public expenditure of the United States government, as you know, is carried out by law — by a law called the federal budget, which specifies what amounts are to be spent and on what. Every expenditure has to go through the Congress not once but twice — it must be authorized, and then it must be appropriated, and each of these requires the consent of the two houses of Congress and the signature of the president. I am now confronted with a series of expenditures which the current Fiscal Year 2011 budget, passed by Congress and signed into law by me, requires me to make. This includes the entire vast array of social safety net, defense, transportation, health, regulation, inspection, government employment, and other activities which I outlined above. I am under legal compulsion to make these expenditures.&lt;br /&gt;&lt;br /&gt;Concerning Treasury securities outstanding, each one of these is an explicit contract that the United States government will pay specific sums of interest and principal at specified dates. Respect from the sanctity of contracts also requires me to make every one of these payments, without exception.&lt;br /&gt;&lt;br /&gt;This is therefore my situation: on the one hand, the debt ceiling forbids me to borrow. On the other hand, the federal budget and the implied contracts represented by entitlements and Treasury securities require me to pay. Since tax revenue, partly because of recent and misguided legislation, is not adequate to make all of these payments, something has to give.&lt;br /&gt;&lt;br /&gt;It is obvious that, when two or more statutes conflict, we need to look to the Constitution itself for guidance as to which one will apply. Given the extraordinary attention which the Constitution gives the concept of the general welfare, this guiding principle needs always to be kept in mind. Beyond this, our founding document contains two especially relevant provisions. On the one hand, we find that it is Congress which has the power to borrow money. But on the other hand we also have the 14th amendment, section 4 which states:&lt;br /&gt;&lt;br /&gt;“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”&lt;br /&gt;&lt;br /&gt;In other words, this country is not allowed to default. Default is unconstitutional. Default is illegal. Default is a federal crime.&lt;br /&gt;&lt;br /&gt;This is not an option which I can choose to exercise or ignore. It is not something I can invoke or not invoke. This is the Constitution talking. This provision binds me, and ought to bind the opposition in Congress, since they too have sworn to uphold the Constitution.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Debt Ceiling is Unconstitutional and Must Be Disregarded&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;This provision places upon the President the responsibility to guarantee the timely payment of all United States debt obligations, regardless of attempts to the contrary that might come from other organs of government, including Congress or, for that matter, the courts. These words make me the ultimate guarantor of the solvency of the United States, especially under emergency conditions in which other branches of government have failed to do this. I am the last backstop. The buck stops here.&lt;br /&gt;&lt;br /&gt;By contrast, the Constitution nowhere makes any reference to a debt limit. In fact, the first debt limit was instituted in 1917, less than a hundred years ago. Somehow we got through our first century and a quarter of national life, conquered the frontier, won the Civil War, and created the world’s greatest industrial power without any need for a debt ceiling.&lt;br /&gt;&lt;br /&gt;In my considered judgment, and in the light of Amendment 14, Section 4, of the U.S. Constitution, a statutory debt ceiling is therefore unconstitutional. And all competent constitutional jurisprudence agrees that the president must not be bound by legislation which the courts are likely to find unconstitutional. This is all the more true in the present acute crisis.&lt;br /&gt;&lt;br /&gt;Accordingly, I have issued an executive order directing the Secretary of the Treasury to resume Treasury auctions today, August 1, 2011, with a view to maintaining the uninterrupted ability of the United States to meet all of its financial obligations, budget and debt, foreign and domestic, without exception. The full faith and credit of our country will be maintained.&lt;br /&gt;&lt;br /&gt;I cordially invite the Congress to approve and validate this decision ex post facto.&lt;br /&gt;&lt;br /&gt;If your child is in Head Start, it will remain open. If you rely on Social Security, this means you will get your check. If your life depends on Medicare, you can rest assured that your doctors and hospitals will be paid on time so that they can continue their useful activity. If you are living in a nursing home and require Medicaid, those payments will also be available. If you are a member of the military, or a government employee of any kind, you will receive your salary on time. If you are a private firm doing business as a contractor with the government of the United States, you will be able to meet your payroll. If you are carrying out medical research or other scientific research funded by a US government grant, you can be assured that this support will not be interrupted. If you are a person or institution or government anywhere in the world who has purchased United States Treasury securities, you will be paid every penny, on time. If you want to buy a United States Savings Bond or cash one in, you can go ahead and do it.&lt;br /&gt;&lt;br /&gt;Those intent on bankrupting the government of the United States and pitching our country into chaos may attempt to reverse this decision in the courts. I have directed the Solicitor General of the United States to prepare to refute their arguments. Since our constitutional position is strong, I have no doubt that we will prevail.&lt;br /&gt;&lt;br /&gt;Some will say that the debt ceiling has been around for almost a century, and that so many precedents should not be overturned. That kind of thinking would leave us in bondage to judicial monstrosities like Plessy v. Ferguson, which validated racial segregation, or the infamous Dred Scott decision, which said that skin color was the basis for denying people rights given by God and natural law, and recognized by the Constitution. It will not be the first time we have fixed what turned out to be a terrible mistake.&lt;br /&gt;&lt;br /&gt;Others in the House of Representatives bent on driving our nation into default have already announced their intention of impeaching me over this issue. I welcome their attack and the opportunity it will give to further clarify these great issues of the American public.&lt;br /&gt;&lt;br /&gt;They will try to impeach me for what I am doing to save the public credit of the United States. In my view, I would truly deserve impeachment were I to refrain from taking this timely action. The President must take care that the laws be faithfully enforced, and this includes the federal budget and the commitments embodied in our entitlements programs and in the solvency of our Treasury securities.&lt;br /&gt;&lt;br /&gt;I look forward to next year’s elections, which I expect will be largely fought over this issue and the larger questions which it raises.&lt;br /&gt;&lt;br /&gt;Some have raised the question of the debt ratings agencies, and of their future evaluation of the United States public debt in the light of these events. I take this opportunity to announce that the Attorney General, the Department of Justice, and the FBI, acting under my direction, have initiated a comprehensive investigation of corruption and malfeasance which has been alleged against these ratings agencies in connection with their failure to provide timely warning to investors who had purchased certain toxic derivative securities in 2007-2008. We are also studying the legal means of depriving these ratings agencies of the extraordinary and quasi-governmental authority they exercise because of laws and regulations which limit certain forms of public and private investment to securities which have received favorable ratings from these agencies. To this end, we are cooperating with the authorities in Italy and other countries who have also undertaken aggressive investigations of the corruption of these ratings agencies.&lt;br /&gt;&lt;br /&gt;The Department of Justice is also investigating reports that members of Congress have entered into criminal conspiracies with bankers and hedge fund operators for the purpose of selling Treasury securities short in the context of the current crisis, and linked this to the votes they cast. The Attorney General has promised to report on this issue at the earliest possible date.&lt;br /&gt;&lt;br /&gt;For my part, I do not intend to sell America short. Historically, those who have bet against the United States have not prevailed, nor will they prevail today.&lt;br /&gt;&lt;br /&gt;My great predecessor, Franklin D. Roosevelt, delivered his first inaugural address on a morning in March 1933 when every bank in our country had been forced to close its doors because of panic runs, and the economic heart of the nation had stopped beating. In the face of that emergency, the defiant rallying figure of FDR promised action with these words:&lt;br /&gt;&lt;br /&gt;It is to be hoped that the normal balance of executive and legislative authority may be wholly adequate to meet the unprecedented task before us. But it may be that an unprecedented demand and need for undelayed action may call for temporary departure from that normal balance of public procedure. I am prepared under my constitutional duty to recommend the measures that a stricken nation in the midst of a stricken world may require.&lt;br /&gt;&lt;br /&gt;Roosevelt spoke these words at a time when a new Congress had failed for almost three months to do anything meaningful to fight the Great Depression and the banking panic which were ravaging the land in those years. Some at that time had concluded that our form of government was unworkable in a modern crisis, and they were looking abroad for new models of totalitarianism. We must always realize that any system of government which cannot solve the most urgent, life and death problems of the everyday life of the people is not long for this world. It risks being swept aside. If democracy brings chaos, that may be the end of democracy. In this sense, the future our democratic representative government depends on our solvency.&lt;br /&gt;&lt;br /&gt;It is in this spirit that I am dealing with the current crisis. I remind you all that, while avoiding national bankruptcy and default in the short-term is absolutely indispensable, this will not by itself solve the majority of our economic problems. The world will remain gripped by an economic and financial depression of incalculable proportions. We will still have some 30 million unemployed in our country. We will still witness American families thrown on the street by fraudulent foreclosures. We will require a comprehensive economic recovery program, supplemented by significant domestic reforms, and capped by a new world monetary system, to put the current world depression behind us.&lt;br /&gt;&lt;br /&gt;It is, however, my hope that, by rebuffing those political forces seeking to drive our country into bankruptcy and chaos, we have gained the time necessary to address these issues of economic recovery and financial reform free from the climate of blackmail, extortion, and shakedown.&lt;br /&gt;&lt;br /&gt;In the meantime, America will be open for business, today, tomorrow, and every day. Equally important, we can be confident in the ability of our constitutional system to protect the general welfare and the public interest from the machinations of small cliques of fanatics, wealthy though they may be.&lt;br /&gt;&lt;br /&gt;I ask for your support. Thank you.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-3835229811164193568?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/3835229811164193568/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=3835229811164193568&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/3835229811164193568'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/3835229811164193568'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/us-constitution-makes-default-illegal.html' title='The US Constitution Makes Default Illegal: What a Real President Would Do on August 1, 2011'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-8052869304499355298</id><published>2011-07-30T12:27:00.003-05:00</published><updated>2011-07-31T08:49:51.994-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deficit'/><category scheme='http://www.blogger.com/atom/ns#' term='Federal Reserve'/><category scheme='http://www.blogger.com/atom/ns#' term='Natoinal Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt Celing'/><title type='text'>A Sample Letter to Congress</title><content type='html'>By: Dr. J. P. Hubert&lt;br /&gt;&lt;br /&gt;I respectfully demand that you reject any budget deal that cuts Social Security, Medicare or Medicaid, and&amp;nbsp;request that&amp;nbsp;you raise the federal debt limit now without conditions. &lt;br /&gt;&lt;br /&gt;Entitlements are legislatively guaranteed human rights which flow from the Natural Moral Law. You are well aware that Americans contribute to their Social Security and Medicare&amp;nbsp;benefits through their payroll&amp;nbsp;withholding taxes. It is factually incorrect and sophistic in the most reprehensible way to suggest that Entitlements&amp;nbsp;represent unearned&amp;nbsp;give-aways or welfare. &lt;br /&gt;&lt;br /&gt;Moreover, it is the height of hubris to demand cuts in Entitlements (Social Security, Medicare and Medicaid) while insisting that taxes not be raised. What kind of disordered thinking is that? It is completely illogical unless legislators truely desire to harm the weakest among us in order to benefit the strongest. It represents a despicable kind of social Darwinism that should be totally rejected in fair and just society.&lt;br /&gt;&lt;br /&gt;A balanced approach to budget deficit reduction would include cuts in military/security/intelligence spending and increases in taxes on corporations and wealthy individuals without cuts in Social Security, Medicare and Medicaid--currently preferred by a clear majority of Americans. I count on you to do the fair, just and honorable thing.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-8052869304499355298?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/8052869304499355298/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=8052869304499355298&amp;isPopup=true' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8052869304499355298'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8052869304499355298'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/sample-letter-to-congress.html' title='A Sample Letter to Congress'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-2986407763671686733</id><published>2011-07-29T12:35:00.001-05:00</published><updated>2011-07-29T12:36:30.530-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Debt Ceiling'/><category scheme='http://www.blogger.com/atom/ns#' term='Off-Shoring Production'/><category scheme='http://www.blogger.com/atom/ns#' term='Outsourcing Jobs'/><title type='text'>Disastrous Outcomes From An Orchestrated Crisis</title><content type='html'>By Paul Craig Roberts &lt;br /&gt;&lt;em&gt;&lt;a href="opednews.comhttp://www.opednews.com/articles/Disastrous-Outcomes-From-A-by-paul-craig-roberts-110728-135.html#comment339027"&gt;Opednews.com&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;July 28, 2011&lt;br /&gt;&lt;br /&gt;With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public debt. The debt ceiling needed to be quietly raised. Instead, the Republicans started a fire and then threw gasoline on it, creating an inferno that could burn up the US social safety net or the US Treasury's credit rating and the US dollar's role as reserve currency or what remains of the separation of powers. &lt;br /&gt;&lt;br /&gt;Consequently, world financial markets, currency markets, commodity markets, central banks, and mutual fund money market and bond funds are on pins and needles. &lt;br /&gt;&lt;br /&gt;This level of irresponsibility is seldom seen even from American politicians. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Republicans have created a totally unnecessary crisis and turned it into compelling political theater.&lt;/strong&gt; Will the US default? Will entitlements be slashed? Will Obama seize the power of the purse from Congress in order to save the dollar and the US credit rating? None of these questions needed to arise. &lt;br /&gt;&lt;br /&gt;While the world media fixates on the orchestrated debt ceiling crisis, the US government continues to bomb civilians in Afghanistan, Libya, Iraq, Pakistan, Yemen, and Somalia and continues with preparations to do the same thing to Syria and Iran. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The violations of other countries' sovereignties, the naked aggressions that constitute war crimes, the murder of noncombatants, and the horrible moral and economic expense inflicted by the maximization of the military/security complex's profits are somehow not a crisis&lt;/strong&gt;. These are just routine, normal, everyday necessary events. Nothing to notice or to become upset about. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The off-shoring of US jobs, GDP, tax base, and consumer demand that has eroded away the US economy and the government's tax base, thus elevating the deficit, is somehow not a crisis.&lt;/strong&gt; These are just the imperatives of globalism and the routine maximization of shareholders' profits and management's performance bonuses. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The US has become such a ridiculous collection of fools that no real crisis can be recognized. Instead, the country is mesmerized by a fake crisis. &lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;The fake orchestrated crisis can easily turn into a real one.&lt;strong&gt; If income support programs are slashed, so will be consumer demand, and the US economy will decline further, widening the budget deficit and national debt. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;If the Republicans force the country into default, the dollar will suffer. At the least, import prices will rise and the trade deficit with them. At the worse, the dollar will lose its reserve currency role, and the US will no longer be able to pay its oil bill in its own currency. With its balance of payments deep in the red, it has no foreign currency with which to purchase oil. &lt;br /&gt;&lt;br /&gt;If Obama has to seize the power of the purse in order to prevent a new financial crisis from landing on top of the ongoing financial crisis, democracy will take another big hit. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Americans need desperately to ask themselves why they put into political office such utterly irresponsible and incompetent people capable of creating such a totally unnecessary crisis loaded with such disastrous potential outcomes&lt;/strong&gt;. It would appear that the American population is too insouciant to use the vote with any care. &lt;br /&gt;&lt;br /&gt;Little wonder that the president is becoming a Caesar.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-2986407763671686733?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/2986407763671686733/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=2986407763671686733&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2986407763671686733'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2986407763671686733'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/by-paul-craig-roberts-opednews.html' title='Disastrous Outcomes From An Orchestrated Crisis'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-1254186021396385583</id><published>2011-07-29T11:25:00.001-05:00</published><updated>2011-07-29T11:40:05.739-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='US National Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Collapse'/><category scheme='http://www.blogger.com/atom/ns#' term='US Budget Deficit'/><title type='text'>Tax Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the Wealthy HURT The Economy</title><content type='html'>by &lt;em&gt;&lt;a href="http://washingtonsblog.com/"&gt;Washington's Blog&lt;/a&gt;&lt;/em&gt; &lt;br /&gt;July 28, 2011 &lt;br /&gt;&lt;br /&gt;Extreme conservatives push for tax cuts ... but just for the wealthy.&lt;br /&gt;&lt;br /&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;Extreme liberals are against all tax cuts, believing that we need higher taxes to pay for government programs ... and that taxes somehow won't create any drag on the economy.&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;Both extremes are wrong.&lt;br /&gt;&lt;br /&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;In fact, &lt;strong&gt;tax cuts for the middle class and poor stimulate the economy, but tax cuts for the wealthy hurt the economy.&lt;/strong&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;This is actually a very simple concept, although some politicians and economists unintentionally or intentionally muddy the waters.&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;As Ed Harrison notes today:&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;Bruce Bartlett, a Republican political appointee and domestic policy advisor to Ronald Reagan, points out that: &lt;/div&gt;&lt;br /&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;Taxes were cut in 2001, 2002, 2003, 2004 and 2006.&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;It would have been one thing if the Bush tax cuts had at least bought the country a higher rate of economic growth, even temporarily. They did not. Real G.D.P. growth peaked at just 3.6 percent in 2004 before fading rapidly. &lt;strong&gt;Even before the crisis hit, real G.D.P. was growing less than 2 percent a year...&lt;/strong&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;According to a recent C.B.O. report, they (Bush tax cuts) reduced revenue by at least $2.9 trillion below what it otherwise would have been between 2001 and 2011. Slower-than-expected growth reduced revenue by another $3.5 trillion &amp;nbsp;(6.4 trillion).&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;Spending was $5.6 trillion higher than the C.B.O. anticipated for a total fiscal turnaround of $12 trillion. That is how &lt;strong&gt;a $6 trillion projected surplus turned into a cumulative deficit of $6 trillion.&lt;/strong&gt;&lt;br /&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;Bartlett offers this killer chart as a summary of the numbers:&lt;/div&gt;&lt;br /&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;a href="http://3.bp.blogspot.com/-TrhkqSFZy58/TjLdJCGR3-I/AAAAAAAAAnA/3AUcEz5dgn4/s1600/CBO.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"&gt;&lt;img border="0" height="270" src="http://3.bp.blogspot.com/-TrhkqSFZy58/TjLdJCGR3-I/AAAAAAAAAnA/3AUcEz5dgn4/s400/CBO.jpg" t$="true" width="400" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;If you recall, it was George W. Bush’s father, GHW Bush, who, when campaigning against Reagan, called supply side economics’ claims that tax cuts pay for themselves Voodoo Economics. And Bush was proved right when deficits spiralled out of control and both Reagan and Bush were forced to raise taxes.&lt;/div&gt;The Bush tax cuts accrued disproportionately to the wealthy. The Tax Policy Center shows that 65 percent of the dollar value of the Bush tax cuts accrued to the top quintile, while 20 percent went to the top 0.1 percent of income earners. &lt;br /&gt;&lt;br /&gt;If you want to talk about redistribution, there it is. &lt;br /&gt;&lt;br /&gt;The &lt;em&gt;New York Times&lt;/em&gt; reported in 2007:&lt;br /&gt;&lt;br /&gt;Families earning more than $1 million a year saw their federal tax rates drop more sharply than any group in the country as a result of President Bush’s tax cuts, according to a new Congressional study. &lt;br /&gt;&lt;br /&gt;The study, by the nonpartisan Congressional Budget Office, also shows that tax rates for middle-income earners edged up in 2004, the most recent year for which data was available, while rates for people at the very top continued to decline.&lt;br /&gt;&lt;br /&gt;Based on an exhaustive analysis of tax records and census data, the study reinforced the sense that while Mr. Bush’s tax cuts reduced rates for people at every income level, they offered the biggest benefits by far to people at the very top — especially the top 1 percent of income earners.&lt;br /&gt;&lt;br /&gt;The Economic Policy Institute reported in June:&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Bush-era tax changes conferred disproportionate benefits to those at the top of the earnings distribution, exacerbating a trend of widening income inequality at a time of already poor wage growth.&lt;/strong&gt; &lt;br /&gt;The top 1% of earners (making over $620,442) received 38% of the tax cuts. The lower 60% of filers (making less than $67,715) received less than 20% of the total benefit of Bush’s tax policies.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Bush-era tax cuts were designed to reduce taxes for the wealthy,&lt;/strong&gt; and the benefits of faster growth were then supposed to trickle down to the middle class. But the economic impact of cutting capital gains rates and lowering the top marginal tax rates never materialized for working families. Inflation-adjusted median weekly earnings fell by 2.3% during the 2002-07 economic expansion, which holds the distinction for being the worst economic expansion since World War II.&lt;br /&gt;&lt;br /&gt;This isn't complicated. &lt;strong&gt;Rampant inequality largely caused the Great Depression and the current economic crisis. &lt;/strong&gt;Cutting taxes on the middle and lower classes reduces inequality and stimulates the consumer economy. But cutting taxes for the wealthy reduces aggregate consumer demand. &lt;br /&gt;&lt;br /&gt;As economics professor Robert Reich notes:&lt;br /&gt;&lt;br /&gt;First, &lt;strong&gt;the rich spend a smaller proportion of their wealth than the less-affluent, and so when more and more wealth becomes concentrated in the hands of the wealth, there is less overall spending and less overall manufacturing to meet consumer&lt;/strong&gt; &lt;strong&gt;needs.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Second, in both the Roaring 20s and 2000-2007 period, the middle class incurred a lot of debt to pay for the things they wanted, as their real wages were stagnating and they were getting a smaller and smaller piece of the pie. In other words, they had less and less wealth, and so they borrowed more and more to make up the difference. As Reich notes:&lt;br /&gt;&lt;br /&gt;Between 1913 and 1928, the ratio of private credit to the total national economy nearly doubled. Total mortgage debt was almost three times higher in 1929 than in 1920. Eventually, in 1929, as in 2008, there were “no more poker chips to be loaned on credit,” in [former Fed chairman Mariner] Eccles' words. And “when their credit ran out, the game stopped.”&lt;br /&gt;&lt;br /&gt;And third, since the wealthy accumulated more, they wanted to invest more, so a lot of money poured into speculative investments, leading to huge bubbles, which eventually burst. Reich points out: &lt;br /&gt;&lt;br /&gt;In the 1920s, richer Americans created stock and real estate bubbles that foreshadowed those of the late 1990s and 2000s. The Dow Jones Stock Index ballooned from 63.9 in mid-1921 to a peak of 381.2 eight years later, before it plunged. There was also frantic speculation in land. The Florida real estate boom lured thousands of investors into the Everglades, from where many never returned, at least financially.&lt;br /&gt;&lt;br /&gt;Tax cuts for the little guy gives them more "poker chips" to play with, boosting consumer spending and stimulating the economy.&lt;br /&gt;&lt;br /&gt;As Reich noted last year:&lt;br /&gt;&lt;br /&gt;Small businesses are responsible for almost all job growth in a typical recovery. So if small businesses are hurting, we're not going to see much job growth any time soon.&lt;br /&gt;&lt;br /&gt;On the other hand (despite oft-repeated mythology), &lt;strong&gt;tax cuts for the wealthiest tend to help the big businesses ... which don't create many jobs.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;In fact, economics professor Steve Keen ran an economic computer model in 2009, and the model demonstrated that:&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Giving the stimulus to the debtors is a more potent way of reducing the impact of a credit crunch&lt;/strong&gt; [than giving money to the big banks and other creditors].&lt;br /&gt;&lt;br /&gt;And as discussed above, Reich notes that &lt;strong&gt;tax cuts for the wealthy just lead to speculative bubbles ... which hurt, rather than help the economy&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;Indeed, &lt;strong&gt;Keen has demonstrated that "a sustainable level of bank profits appears to be about 1% of GDP" ... higher bank profits lead to a ponzi economy and a depression. And too much concentration of wealth increases financial speculation&lt;/strong&gt;, and therefore makes the financial sector (and the big banks) grow too big and too profitable.&lt;br /&gt;&lt;br /&gt;No wonder Ronald Reagan's budget director David Stockman called the Bush tax cuts the "worst fiscal mistake in history", and said that extending them will not boost the economy.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-1254186021396385583?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/1254186021396385583/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=1254186021396385583&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1254186021396385583'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1254186021396385583'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/tax-cuts-for-middle-class-and-poor.html' title='Tax Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the Wealthy HURT The Economy'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://3.bp.blogspot.com/-TrhkqSFZy58/TjLdJCGR3-I/AAAAAAAAAnA/3AUcEz5dgn4/s72-c/CBO.jpg' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-7910213451002953331</id><published>2011-07-27T10:03:00.000-05:00</published><updated>2011-07-27T10:03:31.947-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deficit'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt  Celing'/><title type='text'>GOP Debt Ceiling Plan to Be 'Last One Standing' - to Obama's Delight</title><content type='html'>Last updated: 07/27/2011 02:28:59&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;By Lori Price&lt;br /&gt;&lt;em&gt;&lt;a href="http://legitgov.org/"&gt;legitgov.org&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;&lt;br /&gt;July 26, 2011 &lt;br /&gt;&lt;br /&gt;House Speaker John Boehner's plan will likely be the 'last one standing' -- one that President Obama must accept or face 'default' aka the pseudo-crisis created by and for the GOP -- and that is exactly the scenario he wants. &lt;strong&gt;Seeking political cover, Obama said he would veto earlier austere Boehner (R-OH) plans. That was never his actual intention, as he could have exposed the hypocrisy of the debt-ceiling self-generated crisis and invoked the 14th Amendment to the US Constitution. The stage is set for Obama to implement the Tea Party-pwned GOP plan and appear to be the 'adult in the room.'&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Obama failed to assert the fact that Republicans voted to increase the debt ceiling *seven times* under unelected George W. Bush. At the time, they referred to their vote on the Sunday talk show circuit as 'routine house-keeping.' &lt;strong&gt;Dick Cheney also said 'deficits don't matter,' as he and the GOP were exploding them for the sole benefit of US corpora-terrorists&lt;/strong&gt;. In addition to unfunded wars-for-oil, the unfunded (Homeland) security state, and the unfunded 'Leave No Every Child Behind' (so that we can privatize education), &lt;strong&gt;Bush and the GOP ushered in tsunami-sized deficits by over-funding the pharma-terrorists at every opportunity.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Remember Project Bioshield? 'As part of Project Bioshield, the Department of Health and Human Services has been allocated $5.6 billion to build up the Strategic National Stockpile with drugs, vaccines and therapies to prepare for the threat of terrorist attacks.' (See: Nuke attack drug contracts up for grabs --Feds to tap drug makers for stockpiles against radiation poisoning. By Aarron Smith 23 Sep 2005.) Another wasted $5.6 billion in giveaways to the pharma-terrorists after the anthrax attacks and avian flu scares created by Fort Detrick, etc.&lt;br /&gt;&lt;br /&gt;Under Bush/Cheney, the pharma-terrorists were going to get their extra taxpayer billions by starving the US government of the right to bargain for Medicare drugs and lower costs. In fact, the GOP-run congress 'threatened its own' and kept the vote open against House rules for nearly three additional hours to ram through Bush's big pharma giveaway aka the Medicare Prescription Drug, Improvement, and Modernization Act of 2003.&lt;br /&gt;&lt;br /&gt;In Republican Deficit Hypocrisy - Remember the Medicare drug benefit?, Bruce Bartlett described what happened when Republicans were determined to pass the 'budget-busting drug bill' in an editorial for Forbes, published 20 Nov 2009:&lt;br /&gt;&lt;br /&gt;The vote was kept open for almost three hours while the House Republican leadership brought massive pressure to bear on the handful of principled Republicans who had the nerve to put country ahead of party. The leadership even froze the C-SPAN cameras so that no one outside the House chamber could see what was going on.&lt;br /&gt;&lt;br /&gt;Among those congressmen strenuously pressed to change their vote was Nick Smith, R-Mich., who later charged that several members of Congress attempted to virtually bribe him, by promising to ensure that his son got his seat when he retired if he voted for the drug bill...&lt;br /&gt;&lt;br /&gt;Eventually, the arm-twisting got three Republicans to switch their votes from nay to yea... Three Democrats also switched from nay to yea and two Republicans switched from yea to nay, for a final vote of 220 to 215. In the end, only 25 Republicans voted against the budget-busting drug bill. (All but 16 Democrats voted no.)&lt;br /&gt;&lt;br /&gt;As an aside, can anyone *imagine* what would have happened if the Democratic House leadership froze C-SPAN cameras and kept voting open an extra three hours? The trial-by-Tea Party, conviction, execution, and viral YouTube replay of same would have been all wrapped up in about five hours. But I digress.&lt;br /&gt;&lt;br /&gt;Recalling the classic line uttered by Mark Zuckerberg in The Social Network: 'If you guys were the inventors of Facebook, you'd have invented Facebook.' &lt;strong&gt;If Barack Obama wanted the public option, there would have been a public option.&lt;/strong&gt; Obama would have invoked the 'moral imperative of health care for all' by mustering his soaring rhetorical skills and worked tireless for same. Obama chose federalized RomneyCare instead of the public option, even though candidate Obama campaigned for single-payer health care. Obama extended the Bush tax cuts, even though candidate Obama campaigned to allow them to sunset in 2010. Again, he allowed the GOP to control the narrative and in the final hours, pretended to cave when extending the Bush tax cuts was never problematic to him. &lt;strong&gt;If Obama wanted the Bush tax cuts to sunset, the would have been allowed to sunset.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Democratic plan is to pass the Republican plan. They are just using different covers on the same playbook. &lt;/strong&gt;Yes, some Democrats have fought for the people and continue to fight. But they are continually pushed to the right and/or are overtaken by the Democratic majority. &lt;strong&gt;Barack Obama was 'allowed' to win in 2008 so that he could turn over the rest of the U.S. Treasury to the Wall Street class and to pardon the Bush cabal for its war crimes.&lt;/strong&gt; (War crimes, by the way, that continue in the Obama Administration.) Obama has taken the US into more covert and overt wars than did Bush and will have destroyed the middle class, an act even George W. Bush could not complete. Truly, mission accomplished!&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-7910213451002953331?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/7910213451002953331/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=7910213451002953331&amp;isPopup=true' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7910213451002953331'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7910213451002953331'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/gop-debt-ceiling-plan-to-be-last-one.html' title='GOP Debt Ceiling Plan to Be &apos;Last One Standing&apos; - to Obama&apos;s Delight'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-2342342687959242103</id><published>2011-07-27T09:55:00.000-05:00</published><updated>2011-07-27T09:55:06.515-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Caesar'/><category scheme='http://www.blogger.com/atom/ns#' term='American Oligarchy'/><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deficit'/><category scheme='http://www.blogger.com/atom/ns#' term='Fuhrer'/><category scheme='http://www.blogger.com/atom/ns#' term='Debt  Celing'/><category scheme='http://www.blogger.com/atom/ns#' term='American Plutocracy'/><category scheme='http://www.blogger.com/atom/ns#' term='American Fascism'/><title type='text'>Is America Caught In The Closed Mind Trap?</title><content type='html'>By: Paul Craig Roberts&lt;br /&gt;&lt;em&gt;Opednews.com&lt;/em&gt; July 27, 2011 at 00:04:48 &lt;br /&gt;&lt;br /&gt;A reader responded to my recent column about how the US president was becoming a Caesar with a question: "Wouldn't a Caesar be preferable to a democracy in which the people are too ignorant, disinterested, and stupid to engage in self-government?" &lt;br /&gt;&lt;br /&gt;Before I became a widely read columnist with many reader responses, I would have disagreed with the reader's characterization of the American people. Today, I cannot answer the reader's question with a "no" as confidently as I would like. &lt;br /&gt;&lt;br /&gt;I receive appreciative words from many readers who are well aware of what is going on. I also hear from many who are so partisan and have such strong emotional responses that they are unable to follow an argument. I don't know what percentage these groups comprise in the population, but there seem to be a number of Americans, both on the left and the right, who are prepared to censor and even to kill in order to defend their illusions and delusions. &lt;br /&gt;&lt;br /&gt;I remain a suspect bogyman for some on the left, because of my association with the Kemp-Roth bill and Reaganomics. As I, and others, have explained so many times, Supply-Side economics reversed the monetary/fiscal policy mix in order to cure stagflation. But some leftists persist in their insistence that it was all a trick to cut taxes for the rich -- the rich being those with more money than they. A stressed-out $100,000 a year guy with a family in a high-cost city is thrown into the rich class with the hedge fund manager who paid himself one billion dollars. &lt;br /&gt;&lt;br /&gt;To give the leftists their due, at least they know that I was a member of the Reagan administration. However, the right-wing zealots think that I am a pinko-liberal-commie. &lt;br /&gt;&lt;br /&gt;Recently I wrote an article pointing out that the Republicans had picked a bad time, when the world was already concerned about US financial credibility, to make an issue over the routine increase of the debt ceiling, thus creating an impasse that threatens default. The Republicans see in the debt ceiling issue an opportunity to cut social spending as the price of allowing an increase in the national debt. &lt;br /&gt;&lt;br /&gt;One can't blame the Republicans for trying to do something about the growth of the public debt. However, there is a risk in the Republican's intransigency, and that risk is that, thanks to presidential directives put on the books by President Bush, President Obama has the authority to declare the prospect of default a national emergency. Obama can simply set aside the debt ceiling limit and seize the power of the purse from Congress. The transformation of the president into Caesar would take another large step forward. &lt;br /&gt;&lt;br /&gt;I wrote that I regarded this risk to be greater than the risk of additional public debt. &lt;br /&gt;&lt;br /&gt;Several Republicans never reached the point of the article. I had taken for granted that everyone knew, especially Republicans, of the Republicans' concern with entitlements and unfunded liabilities. I assumed that Republicans were aware of their party's long history of reacting against the debts that are being piled upon our grandchildren, that they knew of the Grace Commission during the Reagan years, that they knew of Republican Pete Peterson's many dramatic warnings and proposals, that they knew of David Walker's accounting of the unfunded liabilities and the Republican Party's determination to do something about the heavily-hyped cost of Social Security and Medicare. &lt;br /&gt;&lt;br /&gt;I assumed that Republicans knew that during the Reagan years David Stockman and Alan Greenspan had accelerated the payroll tax increases that President Carter had put in place to ensure the long-term viability of Social Security and had spent the money for current operating expenses, leaving unfunded IOUs in the Social Security "trust fund." I Assumed that Republicans knew that Republican Chairman of the Council of Economic Advisors, Michael Boskin, and his Boskin Commission had reconfigured the Consumer Price Index in order to understate inflation and, thereby, reduce the cost-of-living-adjustments in Social Security checks. &lt;br /&gt;&lt;br /&gt;I assumed that Republicans somewhere along the way had read at least one paper by a Republican policy analyst or think-tank member about the Social Security "Ponzi scheme" and the unaffordability of Medicare. &lt;br /&gt;&lt;br /&gt;But, no, the Republican partisans who denounced me as an anti-Republican liberal propagandist for saying what is widely reported in the media -- that the Republicans want large cuts in Social Security, Medicare, and Medicaid as the price of their agreement to an increase in the debt limit -- know nothing whatsoever of their party's position on social spending. Apparently, they don't even watch Fox News. &lt;br /&gt;&lt;br /&gt;These same partisans apparently have not noticed that the $1.2 trillion military/security expenditures are "off the table" when it comes to controlling spending. The Republicans and also the Democrats regard war as more important than old age pensions and medical care for the poor and the elderly. My Republican critics have also failed to notice that House Republican Majority Leader Eric Cantor has made certain that tax increases on mega-high incomes are also "off the table." According to mega-billionaire Warren Buffet, in America today we have the situation in which Buffet's secretary pays a larger share of her income in taxes than does Buffet. &lt;br /&gt;&lt;br /&gt;When I wrote that the Republicans' fixation with slashing the social safety net -- a throw-away line that is in every news report on the debt ceiling imbroglio -- could turn out to be a threat to the separation of powers, several Republican partisans took extraordinary offense. Only a no-good liberal propagandist would claim that Republicans wanted to slash the safety net. My statement of an obvious fact reflected in the Republicans' own proposals was all that it took for my critics to conclude that a notorious Reaganite was a Republican-hating liberal. &lt;br /&gt;&lt;br /&gt;It is annoying that people who have no idea what they are talking about are so ready to pop off. But it is discouraging to a writer that people are so emotional that they cannot follow an argument. Discouraged, in part by block-headed readers and from censorship of my writings by various Internet sites, I quit my column a while back and signed off. &lt;br /&gt;&lt;br /&gt;I was beset by thousands of emails pleading and demanding that I continue to write. I relented, and the emails from thoughtful readers keep me going. &lt;br /&gt;&lt;br /&gt;It is rewarding to hear from intelligent and open-minded people. But as the weeks and months go by, I find it ever more tiresome to tolerate closed minds spewing hate and ignorance. I have become convinced that there are enough frustrated and ignorant people out there to constitute a movement for a Fuhrer. &lt;br /&gt;&lt;br /&gt;Washington, which has produced a long list of disastrous policy decisions since the collapse of the Soviet Empire two decades ago, will no doubt continue making incredible mistakes about everything, and we will end up with a Caesar or a Fuhrer.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-2342342687959242103?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/2342342687959242103/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=2342342687959242103&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2342342687959242103'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2342342687959242103'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/is-america-caught-in-closed-mind-trap.html' title='Is America Caught In The Closed Mind Trap?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-4078611714578817973</id><published>2011-07-25T11:18:00.002-05:00</published><updated>2011-07-25T11:43:31.894-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Wall Street Bailout'/><category scheme='http://www.blogger.com/atom/ns#' term='US National Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='Federal Reserve'/><category scheme='http://www.blogger.com/atom/ns#' term='Banksters'/><title type='text'>The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends</title><content type='html'>&lt;em&gt;&lt;a href="http://endoftheamericandream.com/archives/the-looting-of-america-the-federal-reserve-made-16-trillion-in-secret-loans-to-their-bankster-friends-and-the-media-is-ignoring-the-eye-popping-corruption-that-has-been-uncovered"&gt;The American Dream &lt;/a&gt;&lt;/em&gt;&lt;br /&gt;July 25, 2011&lt;br /&gt;&lt;br /&gt;A one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act has uncovered some eye-popping corruption at the Fed and the mainstream media is barely even covering it. It turns out that &lt;strong&gt;the Federal Reserve made $16.1 trillion in secret loans to their bankster friends during the financial crisis.&lt;/strong&gt; You can read a copy of the GAO investigation for yourself&lt;a href="http://www.scribd.com/doc/60553686/GAO-Fed-Investigation"&gt; right here.&lt;/a&gt; These loans only went to the “too big to fail” banks and to foreign financial institutions. Not a penny of these loans went to small banks or to ordinary Americans. Not only did the banksters get trillions in nearly interest-free loans, but the Fed actually paid them over 600 million dollars to help run the emergency lending program. &lt;strong&gt;The GAO investigation revealed some absolutely stunning conflicts of interest, and yet the mainstream media does not even seem interested. Solid evidence of the looting of America has been put right in front of us,&lt;/strong&gt; and yet hardly anyone wants to talk about it.&lt;br /&gt;&lt;br /&gt;Many Americans have a hard time grasping just how large 16.1 trillion dollars is. It is an amount of money that is almost inconceivable. It is more than the GDP of the United States for an entire year. It is more than the U.S. government has spent over the last four years combined.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Federal Reserve was just creating gigantic piles of cash out of thin air and throwing them around with wild abandon&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;One of the only members of Congress that has wanted to talk about the GAO audit has been U.S. Senator Bernie Sanders. The following is a statement about this audit that was taken from his official website….&lt;br /&gt;&lt;br /&gt;“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world”&lt;br /&gt;&lt;br /&gt;So precisely who got this money?&lt;br /&gt;&lt;br /&gt;Well, a recent article on &lt;em&gt;Raw Story&lt;/em&gt; named some of the big Wall Street banks that got some of this money….&lt;br /&gt;&lt;br /&gt;Out of all borrowers, Citigroup received the most financial assistance from the Fed, at $2.5 trillion. Morgan Stanley came in second with $2.04 trillion, followed by Merill Lynch at $1.9 trillion and Bank of America at $1.3 trillion.&lt;br /&gt;&lt;br /&gt;But &lt;strong&gt;it just wasn’t U.S. banksters that were showered with nearly interest-free loans. It turns out that approximately $3.08 trillion went to foreign financial institutions all over Europe and Asia.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;So who in the world gave the Federal Reserve permission to bail out financial institutions all over the world?&lt;br /&gt;&lt;br /&gt;Nobody did.&lt;br /&gt;&lt;br /&gt;But &lt;strong&gt;under our current system the Federal Reserve doesn’t have to get permission. They literally get to do whatever they want.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;On his website, Senator Sanders expressed his outrage over these foreign loans….&lt;br /&gt;&lt;br /&gt;“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president”&lt;br /&gt;&lt;br /&gt;So should we expect Congress to approve legislation that would reduce the power of the Fed?&lt;br /&gt;&lt;br /&gt;Of course not.&lt;br /&gt;&lt;br /&gt;We all know that is not going to happen.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Federal Reserve is run like a dictatorship. They get to do what they want and nobody can stop them&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;Not only did the Fed dish out over $16 trillion in secret loans to their friends, but they also paid their bankster friends over 600 million dollars to help them do it.&lt;br /&gt;According to the GAO, the Federal Reserve paid $659.4 million to the very financial institutions which caused the financial crisis to help the Fed manage all of these emergency loans.&lt;br /&gt;&lt;br /&gt;Can anyone say “conflict of interest”?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Not only were the banksters raking in trillions in secret loans, they were also paid to help run the lending process&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;Wow.&lt;br /&gt;&lt;br /&gt;So why isn’t the mainstream media talking about this?&lt;br /&gt;&lt;br /&gt;That is a very good question.&lt;br /&gt;&lt;br /&gt;But wait, there is more.&lt;br /&gt;&lt;br /&gt;It turns out that &lt;strong&gt;many Fed officials had very large investments in the financial institutions that were receiving these secret loans.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;So what was done about all of the conflict of interest issues that arose?&lt;br /&gt;&lt;br /&gt;According to Senator Sanders, “the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.”&lt;br /&gt;&lt;br /&gt;Oh, everyone was given waivers.&lt;br /&gt;&lt;br /&gt;Apparently corruption is okay if we just get everyone to sign a bunch of forms.&lt;br /&gt;&lt;br /&gt;The following is one example of a conflict of interest that occurred during this lending program that Senator Sanders noted on his website….&lt;br /&gt;&lt;br /&gt;For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed’s emergency lending programs.&lt;br /&gt;&lt;br /&gt;This is &lt;strong&gt;a classic case of the foxes watching the hen house.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;It was the banksters that caused the financial crisis. They were the only ones that the Federal Reserve helped. &lt;/strong&gt;In fact, the Federal Reserve ended up having the banksters basically run the entire emergency lending program as Senator Sanders noted on his site….&lt;br /&gt;&lt;br /&gt;The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates.&lt;br /&gt;&lt;br /&gt;If you were not outraged by that, then you need to read it again.&lt;br /&gt;&lt;br /&gt;What the banksters have been getting away with is absolutely mind blowing.&lt;br /&gt;&lt;br /&gt;So will changes be made to make sure that something like this never happens again in the future?&lt;br /&gt;&lt;br /&gt;Well, the GAO has recommended that significant changes should be made.&lt;br /&gt;&lt;br /&gt;But as mentioned above, the only one that gets to tell the Federal Reserve what to do is the Federal Reserve.&lt;br /&gt;&lt;br /&gt;According to the &lt;em&gt;Washington Post&lt;/em&gt;, the Federal Reserve is promising to “strongly consider” the recommendations of the GAO….&lt;br /&gt;&lt;br /&gt;The Fed’s general counsel, Scott Alvarez, said in a letter responding to the GAO’s audit that officials will “strongly consider” the recommendations.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Most Americans do not realize that the Federal Reserve is not actually part of the federal government. It is a privately-owned central bank that is not accountable to anyone&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;But most Americans still believe that the Fed is a government agency.&lt;br /&gt;&lt;br /&gt;The truth is that the Federal Reserve is about as “federal” as Federal Express is.&lt;br /&gt;&lt;br /&gt;In another article about the Federal Reserve, I noted that &lt;strong&gt;the Federal Reserve has even admitted that it is not an agency of the federal government in court&lt;/strong&gt;….&lt;br /&gt;&lt;br /&gt;In defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve objected by declaring that it was “not an agency” of the U.S. government and therefore it was not subject to the Freedom of Information Act.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Basically, an unaccountable private monopoly creates our money, sets our interest rates, regulates our banking system and makes secret loans to whoever they want.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The Federal Reserve has more power over our economy than any other institution and nobody can overrule any decisions that they make.&lt;br /&gt;&lt;br /&gt;Does that sound very “American” to you?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Since the Federal Reserve was created in 1913, it has been systematically destroying the wealth of America through constant and never ending inflation.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The U.S. dollar loses more value every single year.&lt;br /&gt;&lt;br /&gt;According to the U.S. Bureau of Labor Statistics, what you could buy for $1.00 in 1965 will cost you $7.17 today.&lt;br /&gt;&lt;br /&gt;Sadly, &lt;strong&gt;the devaluation of our money is actually accelerating&lt;/strong&gt;. That is one reason why we are seeing precious metals soar right now.&lt;br /&gt;&lt;br /&gt;Not only that, but the Federal Reserve was also designed to be a perpetual government debt creation machine.&lt;br /&gt;&lt;br /&gt;Do you know how money is created in this country?&lt;br /&gt;&lt;br /&gt;Normally, more money is only created when more debt is created.&lt;br /&gt;&lt;br /&gt;What this sets up is a never end spiral where the amount of money and the amount of debt are continually increasing.&lt;br /&gt;&lt;br /&gt;Most Americans believe that we could solve the government debt problem if we could just control spending.&lt;br /&gt;&lt;br /&gt;But that is not the case.&lt;br /&gt;&lt;br /&gt;The Federal Reserve system was designed to get the U.S. government into constantly increasing amounts of debt and this is exactly what has happened….&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;a href="http://4.bp.blogspot.com/-Y3S2x7D_4CQ/Ti2WysJ2BvI/AAAAAAAAAm8/Ko3-_p3W22M/s1600/National+Debt+from+1940+to+2010.bmp" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"&gt;&lt;img border="0" height="400" src="http://4.bp.blogspot.com/-Y3S2x7D_4CQ/Ti2WysJ2BvI/AAAAAAAAAm8/Ko3-_p3W22M/s400/National+Debt+from+1940+to+2010.bmp" t$="true" width="301" /&gt;&lt;/a&gt;&lt;br /&gt;&lt;strong&gt;The U.S. government will never fix the national debt problem as long as it participates in the Federal Reserve system.&amp;nbsp; &lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Founding fathers such as Thomas &lt;strong&gt;Jefferson tried to warn us about the danger of central banking.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Jefferson strongly believed that when the federal government borrows money in one generation that must be paid back by future generations it is equivalent to theft….&lt;br /&gt;&lt;br /&gt;And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.&lt;br /&gt;&lt;br /&gt;Not only that, Thomas Jefferson actually said that if he could add just one more amendment to the U.S. Constitution it would be a complete ban on all government debt….&lt;br /&gt;I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.&lt;br /&gt;&lt;br /&gt;Of course we did not listen to Thomas Jefferson, did we?&lt;br /&gt;&lt;br /&gt;Now we have gotten ourselves into one fine mess.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;If the federal government shut down the Federal Reserve system, started issuing debt-free money and established a new system based on sound financial principles we might have a chance of turning this thing around.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;But if we continue on the path that we are currently on, &lt;strong&gt;we are going to experience a financial disaster of unprecedented magnitude. We have piled up the biggest mountain of debt in the history of the world, and a day of reckoning is approaching&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;Our founding fathers tried to warn us about this, but we thought that we were so much smarter than them.&lt;br /&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;Now we get to suffer the consequences of our foolishness.&lt;/div&gt;&lt;div style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-4078611714578817973?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/4078611714578817973/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=4078611714578817973&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4078611714578817973'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4078611714578817973'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/federal-reserve-made-16-trillion-in.html' title='The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://4.bp.blogspot.com/-Y3S2x7D_4CQ/Ti2WysJ2BvI/AAAAAAAAAm8/Ko3-_p3W22M/s72-c/National+Debt+from+1940+to+2010.bmp' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6565529848427206564</id><published>2011-07-25T08:55:00.001-05:00</published><updated>2011-07-25T09:03:56.328-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Fraudsters'/><category scheme='http://www.blogger.com/atom/ns#' term='American Oligarchy'/><category scheme='http://www.blogger.com/atom/ns#' term='Plutocracy'/><category scheme='http://www.blogger.com/atom/ns#' term='Banksters'/><title type='text'>The Real Crime: Concentration of Power  </title><content type='html'>By Ralph Gomory&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;July 21, 2011 &lt;a href="http://www.huffingtonpost.com/ralph-gomory/the-real-crime-concentrat_b_905093.html"&gt;"Huffington Post"&lt;/a&gt; --- We are missing the lesson of the current British outrage over Murdoch just as we missed the lesson of the financial crisis in America.&lt;br /&gt;&lt;br /&gt;Was the real crime in England that employees of the News of the World illegally hacked the cell phone of a missing girl? Was the real financial crime in America illegal acts such as Ponzi schemes or insider trading? The answer is no in both cases.&lt;br /&gt;&lt;br /&gt;The real crime in England was legal, not illegal; it was that one man had the power to influence large parts of the British parliament and was credited with a major influence in electing whichever government he favored. No one in government dared to cross him until an emotion-provoking illegal act unleashed a public outcry. That outcry has, at least temporarily, liberated the members of Parliament from their fear of being smeared by Murdoch's newspapers if they dared to be hostile to his interests or beliefs.&lt;br /&gt;&lt;br /&gt;Was the real crime in America illegal acts? No. Despite the press devoted to Madoff, the real crime, here as in England, was legal. Selling subprime mortgages to people who could never pay them back was legal. Rating agencies certifying to the high quality of the resulting worthless securities was legal. The whole web of interacting CDO's was legal. &lt;strong&gt;It was the legal, though strongly unethical, actions of a powerful Wall Street dedicated to self-enrichment at any price that brought down the U.S. economy&lt;/strong&gt;. And, though we are still far from recovering from that disaster, the power of money has prevented any fundamental reform of the financial sector.&lt;br /&gt;&lt;br /&gt;In both countries, &lt;strong&gt;the real crime is the concentration of power&lt;/strong&gt; that allows these things to happen.&lt;br /&gt;&lt;strong&gt;How Power is Used&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Power can be exerted through both the stick and the carrot. In England, members of Parliament feared being smeared in the powerful Murdoch newspapers, and they also knew that if they accommodated his views or interests, they could profit from his support.&lt;br /&gt;&lt;br /&gt;In the United States, &lt;strong&gt;members of Congress understand that Wall Street money and corporate money can either be used to defeat them or to support their campaigns. They also know that if they are sufficiently influential in the right direction, lobbying jobs that are far more financially rewarding than their present occupation await them when they retire from Congress&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Money can extend its power to other parts of government, too. In England, part of the police force became a Murdoch ally in ferreting out more news about important stories. In America, regulatory bodies, established to protect the public interest, become blind to risky behavior and kind to the industry. And these examples are some entries in a long list of possibilities.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Tyranny of Government&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;It has been common throughout history for the concentration of power to be in governments, often but not always monarchies or dictatorships, and for the leaders of such governments to act to enrich themselves and their friends. In the years preceding the American Revolution, the British government's restrictions on colonial manufacturing, the Navigation Acts, the tax on stamps, and the tax on tea, brought revenue to the British Crown and profits to British merchants and manufacturers at the expense of the colonies, but also produced a revolution. This tyranny by governments is the type of oppression which the Tea Party is constantly reminding us of, but today's tyranny is of a different type.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Tyranny of Wealth&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The problem today is not the tyranny of government, but rather the concentration of money, and hence power, in Wall Street and in the largest corporations. And it is clear that enough money can buy political power.&lt;br /&gt;&lt;br /&gt;Both Wall Street and the major corporations have added to their strong direct effect on the economy a decisive effect on the actions of governmental bodies. It is their influence on the federal government that caused the regulatory bodies to stand back from regulation and encouraged the excesses of the financial sector in the years leading up to the crash. It was the federal government, led by Wall Street alumni, that rescued the financial institutions so that they are now posting record profits despite having impoverished the nation. &lt;strong&gt;It was the overwhelming lobbying power of the financial sector that prevented the passage of meaningful financial reform&lt;/strong&gt;. The banks that were too big to fail are, with the concurrence of both political parties, now bigger than ever. And the actions of the U.S. Supreme Court, permitting the unrestricted use of corporate and Wall Street money for campaigns, are adding to this effect.&lt;br /&gt;&lt;br /&gt;The declared goal of most major U.S. corporations today is to make their stock as valuable as possible. As more than two-thirds of all stock is held by the wealthiest five percent in the country, this corporate goal amounts in practice to simply making the wealthy wealthier and increasing the extreme concentration of wealth and power that already exists in America today. And if making the stock as valuable as possible means sending jobs and technology abroad, while holding down wages at home, so be it.&lt;br /&gt;&lt;br /&gt;Yet it is to this same corporate leadership that the government turns for policy advice on how to create jobs and revive the economy.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Today&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Today we have a concentration of wealth unmatched since the days immediately preceding the Great Depression in 1929.&lt;/strong&gt; This wealth and power, concentrated in Wall Street and in the major corporations, is being used for the enrichment of the already wealthy. Unfortunately, that enrichment is one that does not raise all boats. As statistics clearly show, the big boats are rising rapidly and the small boats are not doing well.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;After the Great Depression, the U.S. government acted to lessen the power of concentrated wealth. It separated commercial from investment banking, insured bank deposits, enacted social security, and facilitated unions as a counter-force to corporations.&lt;/strong&gt; It even became to some extent the employer of last resort.&lt;br /&gt;&lt;br /&gt;But the power of wealth today over both political parties is now such that new government actions are mainly words that cover real inaction, and even that limited action is often described as the actions of a too large and too powerful government.&lt;br /&gt;&lt;br /&gt;Today, the threat of tyranny comes not from the government, but from the concentration of wealth and power outside government, and from the influence on government of that great concentration of wealth and power.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6565529848427206564?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6565529848427206564/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6565529848427206564&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6565529848427206564'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6565529848427206564'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/ralph-gomory-real-crime-concentration.html' title='The Real Crime: Concentration of Power  '/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-1206742109583815538</id><published>2011-07-24T12:12:00.002-05:00</published><updated>2011-07-24T12:23:25.779-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Gang of Six'/><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deficit'/><category scheme='http://www.blogger.com/atom/ns#' term='American National Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='CBO'/><title type='text'>Gang of Six takes from poor, gives to rich: There Will be Major Cuts in Social Security</title><content type='html'>July 22, 2011 ------- If there was ever a time in the modern history of America that the American people should become engaged in what's going on here in Washington, now is that time. Decisions are being made that will impact not only our generation but the lives of our children and our grandchildren for decades to come, and I fear very much that the decisions being contemplated are not good decisions, are not fair decisions.&lt;br /&gt;&lt;iframe allowfullscreen="" frameborder="0" height="390" src="http://www.youtube.com/embed/l8cmEoER6Ic" width="640"&gt;&lt;/iframe&gt;&lt;br /&gt;&lt;br /&gt;There is increased understanding that defaulting for the first time in our history on our debts would be a disaster for the American economy and for the world's economy. We should not do that.&lt;br /&gt;&lt;br /&gt;There also is increased discussion about long-term deficit reduction and how we address the crisis which we face today of a record-breaking deficit of $1.4 trillion and a $14 trillion-plus national debt.&lt;br /&gt;&lt;br /&gt;One of the long-term deficit reduction plans came from the so-called Gang of Six. We do not know all of the details of that proposal. In fact, we never will know because a lot of the decisions are booted to committees to work out the details. &lt;br /&gt;&lt;br /&gt;It is fair to say, however, that Senators Coburn, Senator Crapo and Chambliss deserve congratulations. Clearly, they have won this debate in a very significant way. My guess is that they will probably get 80 percent or 90 percent of what they wanted. In this town, that is quite an achievement, but they have stood firm in their desire to represent the wealthy and the powerful and multinational corporations. They have threatened. They have been smart. They have been determined. And at the end of the day, they will get almost all of what they want. That is their victory, and I congratulate them.&lt;br /&gt;&lt;br /&gt;Unfortunately, their victory will be a disaster for working families in this country, for the elderly, for the sick, for the children and for low-income people.&lt;br /&gt;&lt;br /&gt;Based on the limited information that we have, I think it is important to highlight some of what is in this so-called Gang of Six proposal that the corporate media, among others, are enthralled about.&lt;br /&gt;&lt;br /&gt;Some may remember that for a number of years, leading Democrats said that we will do everything that we can to protect Social Security, that Social Security has been an extraordinary success in our country, that for 75 years, with such volatility in the economy, Social Security has paid out every nickel owed to every eligible American. I heard Democrats say that Social Security has nothing to do with the deficit. That is right because Social Security is funded by the payroll tax, not by the U.S. Treasury. Social Security has a $2.6 trillion surplus today. It can pay out every benefit owed to every eligible American for the next 25 years. It is an enormously popular program. Poll after poll from the American people says doesn't cut Social Security. Two and a half years ago when Barack Obama, then a senator from Illinois, ran for president of the United States, he made it very clear if you voted for him there would be no cuts in Social Security.&lt;br /&gt;&lt;br /&gt;What Senators Coburn, Crapo and Chambliss have managed to do in the Gang of Six is reach an agreement where there will be major cuts in Social Security. Don't let anybody kid you about this being some minor thing. It is not. What we are talking about is that Social Security cuts would go into effect virtually immediately. Ten years from now, the typical 75-year-old person will see their Social Security benefits cut by $560 a year. The average 85-year-old will see a cut of $1,000 a year. Now, for some people here in Washington, maybe the big lobbyists who make hundreds of thousands a year, $560 a year or $1,000 a year may not seem like a lot of money, but if you are a senior trying to get by on $14,000, $15,000, $18,000 a year and you're 85 years old, the end of your life, you're totally vulnerable, you're sick -- a $1,000 per year cut in what you otherwise would have received is a major, major blow.&lt;br /&gt;&lt;br /&gt;So I congratulate Senator Coburn, Senator Crapo, Senator Chambliss for doing what president Obama said would not happen under his watch, what the Democrats have said would not happen under their watch.&lt;br /&gt;&lt;br /&gt;But it's not just Social Security. We have 50 million Americans today who have no health insurance at all. Under the Gang of Six proposals, there will be cuts in Medicare over a 10-year period of almost $300 billion. There will be massive cuts in Medicaid and other health care programs. There will be caps on spending, which mean that there will be major cuts in education. If you are a working-class family, hoping that you're going to be able to send your kid to college and thinking that you will be eligible for a Pell grant, think twice about that. Pell grants may not be there. If you're a senior who relies on a nutrition program, that nutrition program may not be there. If you think it's a good idea that we enforce clean air and clean water provisions so that our kids can be healthy, those provisions may not be there because there will be major cuts in environmental protection.&lt;br /&gt;&lt;br /&gt;Some people think that's not so good, but at least our Republican friends are saying we need revenue and we're going to get $1 trillion in revenue. But wait a minute,. If you read the proposal, there are very, very clear provisions making sure that we are going to make massive cuts in programs for working families, for the elderly, for the children. Those cuts are written in black and white. What about the revenue? Well, it's kind of vague. The projection is that we would rise over a 10-year period $100 billion in revenue. Where is that going to come? Is it necessarily going to come from the wealthiest people in this economy? Is it going to come from large corporations who are enjoying huge tax breaks? That is not clear at all. I want middle-class families to understand that when we talk about increased revenues, do you know where that comes from? It may come from cutbacks in the home mortgage interest deduction program, which is so very important to millions and millions of families. It may mean that if you have a health care program today, that health care program may be taxed. That's a way to raise revenue. It may be that there will be increased taxes on your retirement programs, your I.R.A.'s, your 401(k)'s. But we don't have the details for that. All we have is some kind of vague promise that we're going to raise $1 trillion over the next 10 years, no enforcement mechanism and no clarity as to where that revenue will come from.&lt;br /&gt;&lt;br /&gt;That is why it is so terribly important that the American people become engaged in this debate which will have a huge impact on them, on their parents and on their children. The American people must fight for a fair deal. At a time when the wealthiest people in this country are doing phenomenally well and their effective tax rate is the lowest on record, at a time when the top 400 individuals in this country own more wealth than 150 million Americans, at a time when corporate profits are soaring and in many instances corporations, these same corporations pay nothing in taxes, at a time when we have tripled military spending since 1997, there are fair ways to move toward deficit reduction which do not slash programs that working families and children and the elderly desperately depend upon.&lt;br /&gt;&lt;br /&gt;This senator is going to fight back. I was not elected to the United States Senate to make devastating cuts in Social Security, in Medicare, in Medicaid, in children's programs while lowering tax rates for the wealthiest people in this country.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Bernie Sanders, an Independent, is Vermont's junior senator&lt;/em&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;____________________________________________________&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Gang of Six takes from poor, gives to rich&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;By: The Institute for Southern Studies&lt;br /&gt;&lt;br /&gt;Under the Senate's so-called "Gang of Six"* debt plan unveiled this week, percent of deficit reduction that comes through spending cuts to social programs including health care, education and environmental protection: 100%&lt;br /&gt;&lt;br /&gt;Amount by which the plan cuts Medicare, the health care program for seniors, over a decade: at least $298 billion&lt;br /&gt;&lt;br /&gt;Amount by which it would cut military benefit programs, such as health plans for soldiers and veterans: $80 billion&lt;br /&gt;&lt;br /&gt;Portion of the immediate deficit reduction savings outlined in the proposal that would come from reducing Social Security benefits: 1/5&lt;br /&gt;&lt;br /&gt;Under the plan, amount less per year the average Social Security recipient would receive at age 75: $560&lt;br /&gt;&lt;br /&gt;At age 85: $1,000&lt;br /&gt;&lt;br /&gt;Current top marginal income tax rate for the wealthiest Americans and most profitable corporations: 35%&lt;br /&gt;&lt;br /&gt;Lowest rate to which that would be reduced by the Gang of Six proposal: 23%&lt;br /&gt;&lt;br /&gt;Estimated amount in profits being held offshore by U.S. companies, which under the plan would see an end to taxation of most of their overseas profits: $1 trillion&lt;br /&gt;&lt;br /&gt;Amount by which the Gang of Six plan claims to reduce deficits over the next decade: almost $4 trillion&lt;br /&gt;&lt;br /&gt;Amount by which the plan would actually reduce revenue by 2021, compared to the Congressional Budget Office's current law baseline: $1.5 trillion&lt;br /&gt;&lt;br /&gt;Number of weeks left to reach a deal before the U.S. could begin to default on its debt obligations: less than 2&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-1206742109583815538?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/1206742109583815538/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=1206742109583815538&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1206742109583815538'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1206742109583815538'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/gang-of-six-takes-from-poor-gives-to.html' title='Gang of Six takes from poor, gives to rich: There Will be Major Cuts in Social Security'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://img.youtube.com/vi/l8cmEoER6Ic/default.jpg' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-1482363657016767865</id><published>2011-07-24T10:34:00.002-05:00</published><updated>2011-07-26T10:38:47.879-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Wall Street'/><category scheme='http://www.blogger.com/atom/ns#' term='Federal Reserve'/><category scheme='http://www.blogger.com/atom/ns#' term='Banksters'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Depression'/><category scheme='http://www.blogger.com/atom/ns#' term='Corporate Welfare'/><title type='text'>The Fix Is In: Washington's Planned Social Contract Destruction</title><content type='html'>By Stephen Lendman &lt;br /&gt;&lt;span class="wwscontent"&gt;&lt;em&gt;Opednews.com&lt;/em&gt;&lt;/span&gt;&lt;br /&gt;&lt;span class="wwscontent"&gt;July 23, 2011 at 03:22:40&lt;/span&gt; &lt;br /&gt;&lt;br /&gt;The criminal class in Washington is bipartisan, united against working household interests. In fact, lawmakers yield on virtually everything big money wants, notably when banks and other corporate favorites are affected.&lt;br /&gt;&lt;br /&gt;Last December, Obama capitulated to Republicans, rigging a deal for up to $1 trillion dollars in handouts, mostly to corporate giants and America's wealthy with working households almost entirely left out. &lt;br /&gt;&lt;br /&gt;They still are, enduring a protracted Main Street depression, stiff-armed by Obama-led bipartisan crooks. In fact, he's more crime boss than president - stealing from the many for the few. More on his dirty scheme below.&lt;br /&gt;&lt;br /&gt;As a result, America and other "(e)conomies are being turned into rentier ('tollbooths') to pay debts that ('real' ones) can't sustain," according to Michael Hudson. "It's a losing game," but goes on, criminally defrauding millions of people to assure creditors are paid, sucking massive amounts of wealth to their coffers, unreported by major media scoundrels, suppressing what people most need to know.&lt;br /&gt;&lt;br /&gt;In fact, new audit figures show that &lt;strong&gt;Bernanke's Fed gave Wall Street and European banksters at least $16.1 trillion&lt;/strong&gt; (called emergency loans) from December 1, 2007 - July 21, 2010, besides unknown amounts earlier and in the past year.&lt;br /&gt;&lt;br /&gt;Moreover, it's well known that trillions of dollars are stolen, handed to corporate interests and never returned, as well as gotten in other illegal ways. As a result, taxpayers get stuck with the bill, the nation with unsustainable mounting debt, heading it eventually for ruin.&lt;br /&gt;&lt;br /&gt;About &lt;strong&gt;$13 trillion in Fed bailouts went to US financial institutions&lt;/strong&gt;, the rest to their counterparts in Britain, Germany, France, Switzerland, and Belgium, according to a Government Accountability Office (GAO) analysis.&lt;br /&gt;&lt;br /&gt;In addition, asset swaps (good ones for toxic corporate junk) were arranged with banks in Britain, Switzerland, Canada, South Korea, Norway, Mexico, and Singapore.&lt;br /&gt;&lt;br /&gt;Moreover, the Wall Street controlled Fed mostly outsourced its lending operations to the same institutions responsible for engineering the financial crisis, letting them profit hugely at the public's expense.&lt;br /&gt;&lt;br /&gt;Though unsustainable, the dirty game goes on, a take the money and run scam, leaving hollowed out economies and impoverished millions on their own sink or swim. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;In dirty back room deals, Obama's out in front arranging it, doing what no Republican leader would dare&lt;/strong&gt;. No wonder Hudson accused him of governing to the right of George Bush, Sarah Palin and Michele Bachmann - America's right-wing lunatic fringe.&lt;br /&gt;&lt;br /&gt;Notably, only Republican Nixon could go to China when America had no diplomatic relations. &lt;strong&gt;Only Democrat Obama dares end America's decades-long social contract, especially Social Security, Medicare, Medicaid, and publicly funded pensions&lt;/strong&gt;. &lt;br /&gt;&lt;br /&gt;Hudson agrees, saying "(o)nly a Democrat posing as a left-winger could really pull off what (he's) proposing," pretending it's to sustain programs otherwise heading for insolvency. &lt;br /&gt;&lt;br /&gt;In fact, pay-as-you-go payroll tax deductions sustain Social Security and Medicare, and will keep doing it if properly administered, needing only occasional modest adjustments. &lt;br /&gt;&lt;br /&gt;Most workers, in part, fund public pensions, and Medicaid provides mandated safety net care for poor beneficiaries, jointly funded by the states and Washington, managed at the state level. &lt;a href="http://www.opednews.com/articles/The-Fix-Is-In-Washington-by-Stephen-Lendman-110723-98.html"&gt;MORE...&lt;/a&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-1482363657016767865?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/1482363657016767865/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=1482363657016767865&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1482363657016767865'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1482363657016767865'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/fix-is-in-washingtons-planned-social.html' title='The Fix Is In: Washington&apos;s Planned Social Contract Destruction'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-4289763596317482990</id><published>2011-07-18T08:12:00.000-05:00</published><updated>2011-07-18T08:12:59.284-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Military Spending'/><category scheme='http://www.blogger.com/atom/ns#' term='Social Security'/><category scheme='http://www.blogger.com/atom/ns#' term='Megabanksters'/><title type='text'>Wake Up People: both US Political Parties are Shills for the Megabanks and Wall Street</title><content type='html'>&lt;strong&gt;Blowing It: Democrats, Unable to Be a Party of the People, are Sinking Themselves&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;by: Dave Lindorff &lt;br /&gt;&lt;em&gt;&lt;a href="http://www.thiscantbehappening.net/node/702"&gt;Thiscan'tbeHappening&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;Sat, 07/16/2011 - 14:39 — Anonymous&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;The smoking ruin that is the the Obama White House, and the rotting corpse that is the Democratic Party, have, incredibly, together been boxed into a corner by, of all things, the certifiably insane Republican Party.&lt;br /&gt;&lt;br /&gt;This amazing situation has resulted not through any brilliant strategy on the part of the Republicans, but by the self-inflicted wounds of the Democrats.&lt;br /&gt;&lt;br /&gt;Faced with a collapsing economy that is at serious risk of performing a reprise of the Great Depression, Congressional Democrats and President Obama were in a perfect position to grab the flag and run home with it by declaring war on unemployment and on the party that has unequivocally declared itself openly to be the standard bearer of the wealthy and powerful.&lt;br /&gt;&lt;br /&gt;All the president and Congressional Democrats had to do was announce that Social Security, Medicare, education and programs to protect the poor were all off limits in any discussion of the federal budget, and to declare an immediate 25% cut in military spending, as called for earlier by Rep. Barney Frank (D-MA), the ranking member of the House Financial Services Committee.&lt;br /&gt;&lt;br /&gt;How hard would that have been to do? The polls show it’s what the public wants. Any elected official who did this, particularly someone elected and re-elected as a Democrat, would have been hailed by voters for such a bold action.&lt;br /&gt;&lt;br /&gt;According to a Pew Research Center poll conducted in late May and released June 11, 60% of Americans correctly attribute the nation’s enormous deficit primarily to military spending, which eats up 52% of every tax dollar (Social Security and Medicare are entirely funded by separate payroll taxes, and not only have not contributed a single dollar to the federal deficit, but have been routinely borrowed from by the government to finance the deficit in the government’s operating budget caused by military spending). Only 24% blame the deficit on domestic spending other than military (and probably every one of those is a Republican or right-wing independent who likely believes that the earth was created 6000 years ago, and is flat, and who will never vote Democratic no matter what).&lt;br /&gt;That same poll showed that the vast majority of Americans (73%) object to proposals to cut the budget by reducing federal funding for social programs, or federal funding to the states for education, or by reducing Social Security benefits (59%), for example by raising the retirement age.&lt;br /&gt;&lt;br /&gt;What the Pew poll finds Americans do support is raising the cap on income subject to the Social Security Tax (FICA), from its current meager level of $106,000, to cover all income (66% in favor). They also favor raising taxes on those households that earn more than $250,000 a year (65% in favor), and they favor getting rid of tax deductions for corporations, which have allowed many wildly profitable companies like Exxon, GE and News Corp to pay no corporate taxes despite earning billions of dollars in profits (62% in favor). They also overwhelmingly favor reducing America’s military operations overseas, where the US currently maintains over 800 bases in countries all over the world, including wealthy allies such as Europe and Japan (62% in favor).&lt;br /&gt;&lt;br /&gt;After being deluged with poorly written, simplistic and often ideologically-driven news stories all year hyping the supposed budget “crisis,” the percentage of Americans who say they are worried about the budget deficit has crept up from 24% to 28%, but far more Americans say they are worried about the jobs crisis (38%, up from 34% in March).&lt;br /&gt;&lt;br /&gt;If you were a political advisor in the White House, or in the Democratic Congressional Committee or the Democratic National Committee, one would think that seeing those numbers, the strategy going forward would be obvious: declare the country to be facing New Depression, call the Republican Party out as a bunch of know-nothings, end the wars, bring the troops home, slash military spending, call for higher taxes on the rich, and, in Congress, introduce a public jobs program every day of every week, forcing the Republicans to vote them down, one after another through the next election day.&lt;br /&gt;&lt;br /&gt;But the Democratic Party, as I said, is a rotting corpse, and it certainly is not an organization that sees itself as fighting for the common man and woman. &lt;br /&gt;&lt;br /&gt;As for the White House political team, and the president himself, they seem to have long since lost their grip on reality.&lt;br /&gt;&lt;br /&gt;The president has been hanging around with Wall Street bankers, taking their money and their self-serving ideas, for so long now he actually thinks like them. Congressional Democrats, like their Republican colleagues, are so covetous of corporate campaign cash and lobbyist perks that, with a few exceptions, they can’t imagine crossing any corporate interests.&lt;br /&gt;&lt;br /&gt;This is not a case of Democrats being stupid. You’d have to be far worse than stupid not to see the correct political strategy to adopt at this point. &lt;br /&gt;&lt;br /&gt;What has happened is that the Democratic Party is no more. It is, at this point, all about current incumbents gaining the favor of the corporate elite, lulling the public into a non-voting torpor or stupor, and of course, arguing that people worried about the nation’s future should vote for them yet again because “the Republicans are worse.”&lt;br /&gt;&lt;br /&gt;In a press conference on Friday, President Obama made some incredible statements, all demonstrably untrue. He said “We are all part of the same country,” and yet he surely knows that when it comes to the leaders of America’s biggest corporations, including GE, whose chairman Jeffrey Immelt he appointed to head his Jobs Council, this is demonstrably false. While many of these leaders may be Americans by birth, the companies they run and represent earn the majority of their revenues and profits from operations abroad, and are thus, technically speaking, foreign enterprises, with foreign interests that trump any US interests. Obama said, “We are all in this together,” speaking of the supposed debt “crisis,” but of course, he has announced himself ready to cut Social Security and Medicare and Medicaid programs, upon which poor and working class families depend, while leaving the rich largely unscathed. He has said it is the “will of the people” to cut the budget, but to the extent that that is even true, which is highly debatable, the will of the people is actually to cut military spending, not to cut Social Security or Medicare or even budgets for education or Medicaid.&lt;br /&gt;&lt;br /&gt;The good news is that an increasing number of Americans appear to be finally realizing that this president is a fraud--a shill for bankers, the corporate interests and the neo-con military establishment who has just been posing as a man of the people.&lt;br /&gt;&lt;br /&gt;The bad news is that there is little likelihood of any Third Party arising before 2012 that could seriously contest the national election, meaning that we are probably headed for either more of the same or a for Republican-led government. &lt;br /&gt;&lt;br /&gt;The hope has to be that the blatant sell-out of the public interest and the national interest by both parties and by the president is becoming so self-evident that the American public will actually wake up from its media-induced somnolence and will abandon them both.&lt;br /&gt;&lt;br /&gt;The institutional obstacles to such an unprecedented rebellion are of course enormous, but then, these are&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-4289763596317482990?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/4289763596317482990/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=4289763596317482990&amp;isPopup=true' title='2 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4289763596317482990'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/4289763596317482990'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/wake-up-people-both-us-political.html' title='Wake Up People: both US Political Parties are Shills for the Megabanks and Wall Street'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>2</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-5344475197670424067</id><published>2011-07-16T10:37:00.001-05:00</published><updated>2011-07-16T10:39:03.190-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Banking Fraud'/><category scheme='http://www.blogger.com/atom/ns#' term='Neo-feudalism'/><category scheme='http://www.blogger.com/atom/ns#' term='Global Financial Crisis'/><title type='text'>Better Wake Up, Pass the Word and Prepare for Financial Armageddon</title><content type='html'>&lt;strong&gt;The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;By Richard Clark &lt;br /&gt;&lt;em&gt;&lt;a href="http://opednews.com/"&gt;opednews.com&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;&lt;span class="wwscontent"&gt;July 14, 2011 at 19:57:45&lt;/span&gt; &lt;br /&gt;&lt;br /&gt;As economist Michael Hudson points out, the European debt crisis is really the product of financial warfare instigated by big banks. Yes, these banks are engaged in warfare against the rest of society. &lt;strong&gt;What's going on in Greece is exactly what's going to happen in America very shortly&lt;/strong&gt;. Why? Because in every industrialized country, the big banks are in the process of offloading their bad debts onto governments. They are then forcing these governments to sell off national assets so that the bankers can be paid what they consider to be their due. &lt;br /&gt;In a nutshell, what it says is that the world is being prepared for the kind of "neo-feudalism" that these banksters (intent on ever more completely becoming our masters and lords) intend to implement. And so it is that &lt;strong&gt;America is in the early stages of being subjected to the same type of plundering as Greece and Ireland.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;As Hudson explained in 2008, what these banksters and their cohorts are really trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions that embody such legislation. They're not trying to make the economy more equal, and they're not trying to share power -- just the opposite: &lt;strong&gt;Their aim is to implement a kind of pre-industrial and even feudal socioeconomic system&lt;/strong&gt;. What this means is that our economy is being pushed back and put on the road to debt peonage. Hence forth, most manufacturing will be done in Asia and Europe. &lt;br /&gt;&lt;br /&gt;What we have here, therefore, is indeed a "Road to Serfdom." It is just the opposite of the government sponsorship of economic progress and rising living standards that we had until Reagan took the White House. Rather, &lt;strong&gt;it's the dismantling of democratic government and the dissolution of regulatory agencies, for the purpose of creating this new kind of neo-feudal system&lt;/strong&gt;. (Don't miss Max Keiser's &lt;a href="http://www.globalresearch.ca/index.php?context=va&amp;amp;aid=25586"&gt;discussion&lt;/a&gt; of this neo-feudalism on the Keiser Report. Just scroll down until you see a picture of economist Michael Hudson on the linked video screen.)&lt;br /&gt;&lt;br /&gt;If all this sounds far fetched, consider that Foreign Policy magazine recently ran an article entitled " The Next Big Thing : Neomedievalism ," arguing that &lt;strong&gt;the power of nations is declining, and is being replaced by big banks and other corporations, wealthy individuals,&lt;/strong&gt; the sovereign wealth funds of monarchs, and city-regions.&lt;br /&gt;&lt;br /&gt;Also consider that many progressive economists are now telling us that &lt;strong&gt;the true purpose of the bank rescue plans is "a massive redistribution of wealth&lt;/strong&gt; (concentrating ever more of it into the hands of) the bank shareholders and their top executives."&lt;br /&gt;&lt;br /&gt;Finally, as the wholly non-partisan Australian economist Steve Keen observed:&lt;br /&gt;&lt;br /&gt;"This is the biggest transfer of wealth in history," as the giant banks have handed off their toxic debts (stemming from fraudulent activities) to tax payers in their respective countries. These big banks created bubbles -- using fraud -- because that's the only way they could make the obscene profits they feel they now deserve. ( &lt;a href="http://www.washingtonsblog.com/2009/10/simon-johnson-confirms-william-k-blacks.html"&gt;See this for details&lt;/a&gt; ). And be sure to not miss Max Keiser's interview of Steve Keen &lt;a href="http://www.globalresearch.ca/index.php?context=va&amp;amp;aid=25586"&gt;http://www.globalresearch.ca/index.php?context=va&amp;amp;aid=25586&lt;/a&gt;. (Just scroll down until you see Mr. Keen's picture on the linked video screen.)&lt;br /&gt;&lt;br /&gt;Indeed, this isn't the "Great Recession", it's the Great Bank Robbery . In simple language, the big banks have pillaged and looted the rest of the world, and now they are beginning to pillage and loot the USA. It is not only Greece that is losing its sovereignty; the big banks are in the process of turning America into a banana republic as well. Remember, the trillions in bailouts went to banks, not to Main Street , and a large percentage of the bailouts went to foreign banks. And so did most of the money from the second round of quantitative easing.&lt;br /&gt;&lt;br /&gt;In short, warfare initiated by the big banks has now gone global. As Warren Buffet, one of America's most successful capitalists and defenders of capitalism, has pointed out, "There's class warfare, all right, but it's my class, the rich class, that's making that war." And winning it. &lt;br /&gt;&lt;br /&gt;Let's not forget that it was inequality that to a large extent caused the Great Depression and that has also caused the current economic crisis . Finally, let's not forget, either, that the father of modern economics, Adam Smith , didn't believe that inequality should be a taboo subject, and that even some conservatives, in addition to most liberals of course, are against rampant inequality . In spite of this, however, polls show that the vast majority of Americans continue to greatly underestimate the amount of inequality that has, in our country, over the past 30 years, been generated. Most remain largely unaware of the colossal crime that has been committed against them. &lt;br /&gt;&lt;br /&gt;That lack of awareness we must bring to an end.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-5344475197670424067?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/5344475197670424067/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=5344475197670424067&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5344475197670424067'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5344475197670424067'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/better-wake-up-pass-word-and-prepare.html' title='Better Wake Up, Pass the Word and Prepare for Financial Armageddon'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-7301501910759661862</id><published>2011-07-16T09:23:00.000-05:00</published><updated>2011-07-16T09:23:32.612-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Max Keiser'/><category scheme='http://www.blogger.com/atom/ns#' term='Newscorp'/><category scheme='http://www.blogger.com/atom/ns#' term='Rupert Murdoch'/><title type='text'>Keiser Report #164: Corrupt to the Core Across the Board</title><content type='html'>&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/ZldFWb-mYBc?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/ZldFWb-mYBc?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-7301501910759661862?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/7301501910759661862/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=7301501910759661862&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7301501910759661862'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7301501910759661862'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/keiser-report-164-corrupt-to-core.html' title='Keiser Report #164: Corrupt to the Core Across the Board'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-7332219364872241461</id><published>2011-07-10T08:09:00.001-05:00</published><updated>2011-07-10T08:21:43.050-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Unemployment'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Crisis'/><category scheme='http://www.blogger.com/atom/ns#' term='Middle Class'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Depression'/><title type='text'>Rampant Unemployment = The Death Of The Middle Class</title><content type='html'>&lt;strong&gt;&lt;em&gt;40 Facts That Prove The Working Class Is Being Systematically Wiped Out&lt;/em&gt;&lt;/strong&gt; &lt;br /&gt;&lt;br /&gt;&lt;a href="http://theeconomiccollapseblog.com/archives/rampant-unemployment-the-death-of-the-middle-class-22-facts-that-prove-the-working-class-is-being-systematically-wiped-out"&gt;The Economic Collapse Blog&lt;/a&gt;&lt;br /&gt;July 9, 2011&lt;br /&gt;&lt;br /&gt;Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die. &lt;strong&gt;Right now, rampant unemployment is absolutely killing communities all over America.&lt;/strong&gt; Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class. There simply are not nearly enough “good jobs” to go around anymore, and even many in the mainstream media are referring to this as a “long-term structural problem” with the economy. The only thing that most working class Americans have to offer in the marketplace is their labor. If nobody will hire them they do not have any other ways to provide for their families. Well, there is a problem. Today &lt;strong&gt;wealth has become incredibly centralized&lt;/strong&gt;. The big corporations and the big banks dominate everything. Thanks to incredible advances in technology and thanks to the globalization of our economic system, the people with all the money don’t have to hire as many ordinary Americans anymore. They can hire all the labor they want on the other side of the globe for a fraction of the cost. So &lt;strong&gt;the rich don’t really have that much use for the working class in America anymore&lt;/strong&gt;. The only thing of value that the working class had to offer has now been tremendously devalued. The wealthy don’t have to pay a lot for physical labor anymore. &lt;strong&gt;Thousands of our factories and millions of our jobs have been shipped overseas and they aren’t coming back&lt;/strong&gt;. The big corporations are thriving while tens of millions of ordinary Americans are deeply suffering. &lt;strong&gt;Almost all of the wealth being produced by our economy is going to a very centralized group of people at the very top of the food chain&lt;/strong&gt;. The rich are getting richer and the working class is being systematically wiped out.&lt;br /&gt;&lt;br /&gt;So the fact that we are facing rampant unemployment that never seems to go away should not be a surprise to anyone. Today, the “official” unemployment rate went up to 9.2 percent even though a whopping 272,000 Americans“dropped out of the labor force” in June. &lt;strong&gt;The government unemployment figure that includes “discouraged workers” went up from 15.8% to 16.2%&lt;/strong&gt;. The mainstream media is proclaiming that this was “a horrific report” because most economists were expecting much better news.&lt;br /&gt;&lt;br /&gt;Well, guess what?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Things are going to get a whole lot worse.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;More job cuts are coming. One recently released report found that &lt;strong&gt;the number of job cuts being planned by U.S. employers increased by 11.6% in June&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;It is also being projected that &lt;strong&gt;state and local governments across the U.S. will slash nearly half a million more jobs by the end of next year.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Needless to say, things don’t look good.&lt;br /&gt;&lt;br /&gt;Most people that still have jobs are desperately trying to hold on to them.&lt;br /&gt;&lt;br /&gt;Employers know that most workers are easily replaceable these days, so wages are not moving up even though the cost of living is.&lt;br /&gt;&lt;br /&gt;We are right in the middle of the worst employment downturn since World War 2. Jay-Z recently summed up the situation this way….&lt;br /&gt;&lt;br /&gt;“Numbers don’t lie. Unemployment is pretty high.”&lt;br /&gt;&lt;br /&gt;Jay-Z certainly has a way with words, eh?&lt;br /&gt;&lt;br /&gt;If something is not done about the rampant unemployment in this nation, the death of the middle class will accelerate.&lt;br /&gt;&lt;br /&gt;Most Americans just assume that the United States will always have a large middle class, but there is no guarantee that is going to happen. In fact, &lt;strong&gt;there is a whole lot of evidence that the middle class in America is rapidly shrinking.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Take a few moments to read over the facts compiled below. Taken together, they provide compelling evidence that &lt;strong&gt;the working class is being systematically wiped out….&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;#1 Right now, the U.S. government says that 14.1 million Americans are unemployed.&lt;br /&gt;&lt;br /&gt;#2 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.&lt;br /&gt;&lt;br /&gt;#3 The number of Americans that are “not in the labor force” is at an all-time high.&lt;br /&gt;&lt;br /&gt;#4 &lt;strong&gt;The United States has never had an employment downturn this deep and this prolonged since World War 2 ended.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;#5 There are officially 6.3 million Americans that have been unemployed for more than 6 months. That number has risen by more than 3.5 million in just the past two years.&lt;br /&gt;&lt;br /&gt;#6 It now takes the average unemployed worker in America about 40 weeks to find a new job. Just check out this chart….&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;#7 There are now about 7.25 million fewer jobs in America than when the recession began back in 2007.&lt;br /&gt;&lt;br /&gt;#8 Back in 2000, the employment to population ratio was over 64 percent. Today, it is sitting at just 58.2%.&lt;br /&gt;&lt;br /&gt;#9 &lt;strong&gt;Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;#10 During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic productin over 50 years.&lt;br /&gt;&lt;br /&gt;#11 &lt;strong&gt;The number of “low income jobs” in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;#12 Half of all American workers now earn $505 or less per week.&lt;br /&gt;&lt;br /&gt;#13 According to a report released in February from the National Employment Law Project, higher wage industries are accounting for 40 percent of the job losses in America but only 14 percent of the job growth. Lower wage industries are accounting for just 23 percent of the job losses but 49 percent of the job growth.&lt;br /&gt;&lt;br /&gt;#14 &lt;strong&gt;The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;#15 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.&lt;br /&gt;&lt;br /&gt;#16 Back &lt;strong&gt;in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;#17 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.&lt;br /&gt;&lt;br /&gt;#18 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.&lt;br /&gt;&lt;br /&gt;#19 The United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.&lt;br /&gt;&lt;br /&gt;#20 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.&lt;br /&gt;&lt;br /&gt;#21 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.&lt;br /&gt;&lt;br /&gt;#22 &lt;strong&gt;The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization&lt;/strong&gt; in 2001.&lt;br /&gt;&lt;br /&gt;#23 In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion.&lt;br /&gt;&lt;br /&gt;#24 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.&lt;br /&gt;&lt;br /&gt;#25 &lt;strong&gt;Since 2001, over 42,000 manufacturing facilities in the United States have been closed.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;#26 There were more manufacturing jobs in the United States in 1950 than there are today.&lt;br /&gt;&lt;br /&gt;#27 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Meanwhile, our population has gotten significantly larger.&lt;br /&gt;&lt;br /&gt;#28 &lt;strong&gt;When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;#29 One recent survey found that 9 out of 10 U.S. workers do not expect their wages to keep up with soaring food prices and soaring gas prices over the next 12 months.&lt;br /&gt;&lt;br /&gt;#30 &lt;strong&gt;Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;#31 One out of every six elderly Americans now lives below the federal poverty line.&lt;br /&gt;&lt;br /&gt;#32 According to one recent study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.&lt;br /&gt;&lt;br /&gt;#33 Back &lt;strong&gt;in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;#34 &lt;strong&gt;As 2007 began, there were 26 million Americans on food stamps. Today, there are more than 44 million Americans on food stamps, which is an all-time record.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;#35 Today, one out of every four American children is on food stamps.&lt;br /&gt;&lt;br /&gt;#36 59 percent of all Americans now receive money from the federal government in one form or another.&lt;br /&gt;&lt;br /&gt;#37 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.&lt;br /&gt;&lt;br /&gt;#38 &lt;strong&gt;In the United States today, the richest one percent of all Americans have a greater net worth than the bottom 90 percent combined&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;#39 According to Moody’s Analytics, the wealthiest 5% of all households in the United States now account for approximately 37% of all consumer spending.&lt;br /&gt;&lt;br /&gt;#40 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.&lt;br /&gt;&lt;br /&gt;The cold, hard reality of the matter is that &lt;strong&gt;the United States is experiencing a long-term economic decline.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Every single day, more American families fall out of the middle class and into poverty. There are millions of American families out there tonight that are just barely hanging on by their fingernails.&lt;br /&gt;&lt;br /&gt;More Americans than ever are constantly borrowing more money just to stay afloat. Even as rampant unemployment plagues this nation and even as wages remain stagnant, middle class Americans are increasing their use of credit.&lt;br /&gt;&lt;br /&gt;A CNBC article noted the increase in consumer borrowing that we have seen recently….&lt;br /&gt;&lt;br /&gt;The Federal Reserve says consumer borrowing rose $5.1 billion following a revised gain of $5.7 billion in April. Borrowing in the category that covers credit cards increased, as did borrowing in the category for auto and student loans.&lt;br /&gt;&lt;br /&gt;It is very hard to live “the American Dream” without going into huge amounts of debt these days.&lt;br /&gt;&lt;br /&gt;But &lt;strong&gt;for an increasing number of Americans, “the American Dream” is just a distant memory.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Tonight, there are large numbers of people living in the tunnels under the city of Las Vegas. As the wealthy live the high life in the casinos and hotels above them, an increasing number of desperate “tunnel people” are attempting to carve out an existence in the 200 mile long labyrinth of tunnels that stretches beneath Vegas. It is a nightmarish environment, but it is all those people have left.&lt;br /&gt;&lt;br /&gt;Don’t look down on them, because you never know who might be next.&lt;br /&gt;&lt;br /&gt;If you lost your current job, how long would you be able to survive?&lt;br /&gt;&lt;br /&gt;Unfortunately, as bad as things are now, the reality is that this is just the beginning.&lt;br /&gt;&lt;br /&gt;You ain’t seen nothin’ yet.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Do what you can to make sure that you and your family are not totally wiped out by the next wave of the economic collapse&lt;/strong&gt;.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-7332219364872241461?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/7332219364872241461/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=7332219364872241461&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7332219364872241461'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/7332219364872241461'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/rampant-unemployment-death-of-middle.html' title='Rampant Unemployment = The Death Of The Middle Class'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-2284928698001654594</id><published>2011-07-07T17:43:00.000-05:00</published><updated>2011-07-07T17:43:18.489-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Libyan War'/><category scheme='http://www.blogger.com/atom/ns#' term='US Imperialism'/><category scheme='http://www.blogger.com/atom/ns#' term='Faux Socialism'/><category scheme='http://www.blogger.com/atom/ns#' term='US Militarism'/><title type='text'>Obama would rather cut Social Security and Medicare than Wars and Empire</title><content type='html'>By: Andrew Steele&lt;br /&gt;&lt;em&gt;&lt;a href="http://opednews.com/"&gt;Opednews.com&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;July 7, 2011 at 11:14:50 &lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;div class="separator" style="clear: both; text-align: center;"&gt;&lt;a href="http://4.bp.blogspot.com/-fdNyVRvrctg/ThY2Yu-jnYI/AAAAAAAAAm4/VnqZNYscI7s/s1600/Pictures+of+Empire.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"&gt;&lt;img border="0" height="237" m$="true" src="http://4.bp.blogspot.com/-fdNyVRvrctg/ThY2Yu-jnYI/AAAAAAAAAm4/VnqZNYscI7s/s320/Pictures+of+Empire.jpg" width="320" /&gt;&lt;/a&gt;&lt;/div&gt;&lt;strong&gt;&lt;span style="font-size: x-small;"&gt;Obama's a socialist? Nope-- just another run-of-the-mill corporatist. Nothing better exemplifies this than the latest news coming out about the the debt talks between the President and the congressional leaders of the fake right.&lt;/span&gt;&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;From the &lt;em&gt;Washington Post&lt;/em&gt;:&lt;br /&gt;&lt;br /&gt;&lt;em&gt;&lt;span style="font-size: x-small;"&gt;"President Obama is pressing congressional leaders to consider a far-reaching debt-reduction plan that would force Democrats to accept major changes to Social Security and Medicare in exchange for Republican support for fresh tax revenue...As part of his pitch, Obama is proposing significant reductions in Medicare spending and for the first time is offering to tackle the rising cost of Social Security, according to people in both parties with knowledge of the proposal."&lt;/span&gt;&lt;/em&gt;&lt;br /&gt;&lt;br /&gt;Regardless of one's beliefs about the constitutionality of these programs, &lt;strong&gt;both sides of the debate should be quick to notice the priorities of the President, and his so called opposition, turning to programs so many Americans have already paid into and are depending on instead of first looking overseas at the corporate/U.S. military world empire that is bankrupting us all.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;According to a report released last month by Brown University, the &lt;strong&gt;The United States will have spent a total of $3.7 trillion on the wars in Iraq, Afghanistan and Pakistan by the time that they're over&lt;/strong&gt; (the word "over" being loosely defined in 21st Century Amerika ). This isn't counting the war in Libya (oh, I forgot that's not a war, according to Obama) or the bases the United States maintains in nations like Germany where hostilities ended so long ago that most of the people who participated in them have either died or are living on Social Security.&lt;br /&gt;&lt;br /&gt;Even Libertarian minded presidential candidate Ron Paul-- who is often the subject of attacks by pundits trying to imply that Social Security and Medicare would abruptly end the minute he was sworn into office-- has advocated changing foreign policy and dramatically cutting defense spending before touching Social Security and Medicare, allowing people to get what they have already paid for and not be cheated any further by their corrupt government.&lt;br /&gt;&lt;br /&gt;Indeed, if real cuts are going to be made, they first need to be made in the areas of the budget that have not only outlived their usefulness, but are also causing the country more harm than good. Though Obama has tried to give us the impression that the wars that started under Bush are ending, his plans for withdrawal from these wars are simply &lt;strong&gt;diversionary games designed to keep the U.S. military as an occupying force within the targeted nations for as long as possible&lt;/strong&gt;. (Under Obama, the U.S. has recently proposed keeping troops in Iraq past the withdrawal deadline at the end of this year.)&lt;br /&gt;&lt;br /&gt;On top of that, like Bush's wars, &lt;strong&gt;Obama's new war in Libya has absolutely nothing to do with the security of the United States&lt;/strong&gt; and certainly doesn't deserve in any way to be further from the cutting board than the programs at home he pretends to champion.&lt;br /&gt;&lt;br /&gt;To those who believe in socialism and those who don't, look upon your president and those around him and see what they really are-- &lt;strong&gt;well dressed parasites feeding off your tax dollars along with their cronies, sucking out the blood of the country in order to spread a disease of empire across the globe&lt;/strong&gt;. They are a bigger threat to the wealth and safety of ordinary, well-meaning Americans than ordinary Americans could ever be to each other.&lt;br /&gt;&lt;br /&gt;Across the country Americans on all sides of the spectrum need to speak as one and tell the President in no uncertain terms that &lt;strong&gt;the promised retirement and health funds of hard working people are not the fuel of tanks and fighter jets, and certainly aren't the missiles of predator drones.&lt;/strong&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-2284928698001654594?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/2284928698001654594/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=2284928698001654594&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2284928698001654594'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2284928698001654594'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/obama-would-rather-cut-social-security.html' title='Obama would rather cut Social Security and Medicare than Wars and Empire'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://4.bp.blogspot.com/-fdNyVRvrctg/ThY2Yu-jnYI/AAAAAAAAAm4/VnqZNYscI7s/s72-c/Pictures+of+Empire.jpg' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6479125379742058572</id><published>2011-07-02T12:31:00.000-05:00</published><updated>2011-07-02T12:31:33.704-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Economic Recession'/><category scheme='http://www.blogger.com/atom/ns#' term='Budget Deficit'/><category scheme='http://www.blogger.com/atom/ns#' term='Stagflation'/><category scheme='http://www.blogger.com/atom/ns#' term='American National Debt'/><category scheme='http://www.blogger.com/atom/ns#' term='Infation'/><category scheme='http://www.blogger.com/atom/ns#' term='Global Economic Collapse'/><title type='text'>The Inevitability of Global Economic Collapse</title><content type='html'>&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/NblhUrcdrSc?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/NblhUrcdrSc?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6479125379742058572?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6479125379742058572/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6479125379742058572&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6479125379742058572'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6479125379742058572'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/inevitability-of-global-economic.html' title='The Inevitability of Global Economic Collapse'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-6859065116922332078</id><published>2011-07-01T16:03:00.001-05:00</published><updated>2011-07-01T16:14:22.951-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Economic Collapse'/><category scheme='http://www.blogger.com/atom/ns#' term='Economic Depression'/><title type='text'>Economic Recovery?</title><content type='html'>&lt;em&gt;&lt;a href="http://theeconomiccollapseblog.com/archives/economic-recovery"&gt;Economic Collapse Blog&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;June 28, 2011&lt;br /&gt;&lt;br /&gt;If this is supposed to be an "economic recovery" it sure is pathetic. In fact, as you will read below, the numbers tell us that this is the worst economic recovery that the American economy has ever seen. If what we had experienced was a "normal" recession and a "normal" recovery, then jobs, economic growth and home values would have come roaring back by now. But they haven't. The Federal Reserve injected unprecedented amounts of new money into the system and the federal government went into unprecedented amounts of new debt, but all of that effort has not accomplished much. It did buy us a little bit of time and a period of relative economic stability, but now there are all kinds of signs that we are about to go into another recession (or something even worse). So is it really honest for Ben Bernanke and Barack Obama to be using the term "economic recovery" to describe what is happening?&lt;br /&gt;&lt;br /&gt;The truth is that what is really taking place is that the long-term economic decline of the United States is beginning to accelerate.&lt;br /&gt;&lt;br /&gt;But most Americans simply don't understand what is going on.&lt;br /&gt;&lt;br /&gt;The mainstream media teaches us to blame our politicians for the economy. One recent survey found that 44 percent of the American people believe that the U.S. economy is "worse than when Obama was inaugurated".&lt;br /&gt;&lt;br /&gt;Yes, Barack Obama is a horrible president. But the economic downfall of this nation is not all his fault. George W. Bush was a horrible president too. So was Bill Clinton. Congress has been corrupt and incompetent for decades.&lt;br /&gt;&lt;br /&gt;Of course the institution that is most responsible for our economic problems is the Federal Reserve. Thankfully, more Americans than ever are starting to realize this.&lt;br /&gt;&lt;br /&gt;But if you listen to Ben Bernanke and Barack Obama, you would think that a great "economic recovery" has begun. They would have us believe that they know exactly what our problems are and that they know exactly how to get us out of this mess.&lt;br /&gt;&lt;br /&gt;Unfortunately, what we have experienced is not much of an "economic recovery" at all. According to the Wall Street Journal, this is the worst "recovery" from a recession that the U.S. economy has ever seen....&lt;br /&gt;&lt;br /&gt;On economic growth, real GDP has risen 0.8% over the 13 quarters since the recession began, compared to an average increase of 9.9% in past recoveries. From the beginning of the recession to April 2011, real personal income has grown just .9% compared to 9.4% for the same period in previous post 1960 recessions.&lt;br /&gt;&lt;br /&gt;So what is really going on?&lt;br /&gt;&lt;br /&gt;Sadly, what we are experiencing right now is a brief period of stability in the middle of a downward spiral toward economic oblivion.&lt;br /&gt;&lt;br /&gt;The CEO of Pimco, Mohamed El-Erian, says that it should now be obvious to everyone that all of the efforts of the U.S. government and the Federal Reserve to stimulate the economy simply have not been enough to solve the structural economic challenges that we are facing....&lt;br /&gt;&lt;br /&gt;"It's clear that the stimulus-induced recovery hasn't overcome the structural challenges to large-scale job creation."&lt;br /&gt;&lt;br /&gt;The U.S. economy is not producing enough jobs. Today, there are 25 million Americans that are either unemployed or underemployed.&lt;br /&gt;&lt;br /&gt;But the inability to create jobs is not a new phenomenon for the U.S. economy. The truth is that between 2000 and 2007, the U.S. economy had its poorest stretch of job creation since the Great Depression.&lt;br /&gt;&lt;br /&gt;However, since 2007 the employment situation in this country has gotten a lot worse. Take a minute and watch the stunning video posted below. It shows how rampant unemployment swept across this country between 2007 and 2011....&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/hwWGzQ_FUtQ?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/hwWGzQ_FUtQ?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;&lt;br /&gt;Our politicians promised us that globalization would be great for the U.S. economy.&lt;br /&gt;&lt;br /&gt;Well, it was great for the big corporations to be able to pay slave labor wages to workers on the other side of the globe, but things have not worked out so well for workers in this country.&lt;br /&gt;&lt;br /&gt;Millions of our jobs have been lost. Millions more jobs are being lost. Yet our politicians do nothing to stop the bleeding.&lt;br /&gt;&lt;br /&gt;Things have gotten so bad that even the top of the food chain is shipping jobs overseas.&lt;br /&gt;&lt;br /&gt;Just consider this recent headline which appeared in Business Insider: "Goldman Sachs Is Firing Employees In The US So It Can Hire 1,000 In Singapore"&lt;br /&gt;&lt;br /&gt;If even jobs at Goldman Sachs are being sent out of the country, are any of our jobs safe?&lt;br /&gt;&lt;br /&gt;Many Americans would love to start a business instead of having to work for someone else, but the economic environment has become incredibly toxic for small businesses in the United States.&lt;br /&gt;&lt;br /&gt;The rate of new business creation in the United States has been declining steadily since the 1980s. Our politicians are literally choking the entrepreneurial spirit to death in this country.&lt;br /&gt;&lt;br /&gt;Today, more Americans than ever are dependent on the government. In fact, it has gotten to the point where the U.S. economy itself is highly dependent on the government.&lt;br /&gt;&lt;br /&gt;So what is going to happen when the government is not handing out so many goodies?&lt;br /&gt;&lt;br /&gt;The era of rampant spending in Washington D.C. seems to be coming to an end, at least for now. The U.S. national debt has become so outrageous that many members of Congress are finally determined to start making some cuts.&lt;br /&gt;&lt;br /&gt;While it is true that cutting government spending is long overdue, most Americans don't realize that cutting government spending will also mean that "the economic sugar high" that we have been experiencing will start to wear off.&lt;br /&gt;&lt;br /&gt;If we try to live within our means, that is going to cause a lot of economic pain, and the American people are not too good about making sacrifices these days.&lt;br /&gt;&lt;br /&gt;Look, whoever is elected in 2012 is going to be in for a rough ride. Some very difficult economic times are ahead, and whoever is elected in 2012 is going to get blamed. By 2016, the president is probably going to be the most hated person in America.&lt;br /&gt;&lt;br /&gt;But the truth is that these economic problems have been building for decades.&lt;br /&gt;&lt;br /&gt;We didn't get here by accident, and our economic problems are not going to be solved overnight.&lt;br /&gt;&lt;br /&gt;In fact, many financial analysts are warning that they are about to get a lot worse.&lt;br /&gt;&lt;br /&gt;For example, David Rosenberg of Gluskin Sheff says that there is a 99 percent chance that the U.S. will fall into another recession by the end of 2012.&lt;br /&gt;&lt;br /&gt;As the economy continues to crumble, U.S. cities will become increasingly hostile places in which to live.&lt;br /&gt;&lt;br /&gt;According to a recent Rasmussen Reports national telephone survey, 41 percent of Americans say that crime has increased where they live over the past year and only 6 percent of Americans say that crime has decreased where they live over the past year.&lt;br /&gt;&lt;br /&gt;But just wait until the economy really collapses - that is when all hell will break loose.&lt;br /&gt;&lt;br /&gt;In a recent article entitled "Is The Economy Improving?", I quoted statistic after statistic that showed that the U.S. economy is actually continuing to decline.&lt;br /&gt;&lt;br /&gt;The American people are starting to lose patience. In fact, people all over the country are starting to get more than a little crazy. For example, there is a now a national "epidemic" of people robbing pharmacies in order to get a hold of painkillers.&lt;br /&gt;&lt;br /&gt;Pharmacists all over the country are being robbed at gunpoint. Some prescription painkillers will reportedly sell for as much as 80 dollars a pill on the street. As a recent article in the Washington Post noted, things are getting really dangerous out there for pharmacists....&lt;br /&gt;&lt;br /&gt;“It’s an epidemic,” said Michael Fox, a pharmacist on New York’s Staten Island who has been stuck up twice in the last year. “These people are depraved. They’ll kill you.”&lt;br /&gt;&lt;br /&gt;Armed robberies at pharmacies rose 81 percent between 2006 and 2010, from 380 to 686, the U.S. Drug Enforcement Administration says. The number of pills stolen went from 706,000 to 1.3 million. Thieves are overwhelmingly taking oxycodone painkillers like OxyContin or Roxicodone, or hydrocodone-based painkillers like Vicodin and Norco. Both narcotics are highly addictive.&lt;br /&gt;&lt;br /&gt;But this is what our country is turning into.&lt;br /&gt;&lt;br /&gt;We are a nation of addicts.&lt;br /&gt;&lt;br /&gt;Our national addiction to debt and our national addiction to greed have brought us to the brink of economic disaster.&lt;br /&gt;&lt;br /&gt;If you are waiting for an "economic recovery", you should stop waiting.&lt;br /&gt;&lt;br /&gt;This is about as good as things are going to get.&lt;br /&gt;&lt;br /&gt;From here on out, things are just going to keep going downhill.&lt;br /&gt;&lt;br /&gt;Most Americans are going to be absolutely blindsided by the economic collapse that is coming.&lt;br /&gt;&lt;br /&gt;But that doesn't have to be you.&lt;br /&gt;&lt;br /&gt;You still have some time to get prepared.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-6859065116922332078?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/6859065116922332078/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=6859065116922332078&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6859065116922332078'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/6859065116922332078'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/07/economic-recovery.html' title='Economic Recovery?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-1571295243480917673</id><published>2011-06-30T08:49:00.002-05:00</published><updated>2011-06-30T10:58:05.235-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Israeli Mossad'/><category scheme='http://www.blogger.com/atom/ns#' term='PNAC'/><category scheme='http://www.blogger.com/atom/ns#' term='911 Attacks'/><title type='text'>Demystifying 9/11: Israel and the Tactics of Mistake</title><content type='html'>Posted by Dr. Alan Sabrosky &lt;br /&gt;&lt;em&gt;&lt;a href="http://www.veteranstoday.com/2011/06/28/demystifying-911-israel-and-the-tactics-of-mistake/#.TgrCaBCK-uI.facebook"&gt;Veterans Today&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;Tuesday, June 28th, 2011 &lt;br /&gt;&lt;br /&gt;&lt;em&gt;Many years ago I read a fascinating discussion of the “tactics of mistake.” This essentially entailed using a target’s prejudices and preconceptions to mislead them as to the origin and intent of the attack, entrapping them in a tactical situation that later worked to the attacker’s strategic advantage.&lt;/em&gt;&lt;br /&gt;&lt;br /&gt;This is what unfolded in the 9/11 attacks that led us into the matrix of wars and conflicts, present (Afghanistan and Iraq), planned (Iran and Syria) and projected (Jordan and Egypt), that benefit Israel and no other country — although I concede that many private contractors and politicians are doing very well for themselves out of the death and misery of others.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;I am also absolutely certain as a strategic analyst that 9/11 itself, from which all else flows, was a classic Mossad-orchestrated operation. &lt;/strong&gt;But Mossad did not do it alone. They needed local help within America (and perhaps elsewhere) and they had it, principally from some alumni of PNAC (the misnamed Project for a New American Century) and their affiliates within and outside of the US Government (USG), who in the 9/11 attacks got the “catalytic event” they needed and craved to take the US to war on Israel’s behalf, only eight months after coming into office.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Genesis of the Deception&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;That was not how it seemed at first, of course. Lists of names and associations of the alleged hijackers quickly surfaced in official US accounts and mainstream media (MSM) reports, pointing to Osama bin Laden and his Al-Qaeda group, then largely in Afghanistan. &lt;strong&gt;Bin Laden denied responsibility&lt;/strong&gt;, saying in effect that while he thanked Allah that the attacks had occurred, he had not done it, but the US demanded that the Taliban governing Afghanistan turn him over to the US. The Taliban response was reasonable: “Show us the evidence he did it and we’ll give him to you.” But the US brushed it off and attacked. Why? Because it had no convincing evidence, and never would — even on the eve of his public death in 2011, the FBI did not include 9/11 on his internet-based “Most Wanted” charge sheet.&lt;br /&gt;&lt;br /&gt;As the war in Afghanistan for very dubious reasons extended into a war in Iraq for even more specious ones, the essential USG view of 9/11 became embedded in the public ethos. The 9/11 Commission Report, despite being handicapped when it was prepared and later revealed to have been deeply flawed, still appeared as the basic reference work on the attacks. Details may have been compromised, but the prevailing view was that 19 Arab hijackers had flown four planes into three buildings and one crash site, and that was the end of it. This was the position taken by the Bush Administration in 2001, and reaffirmed a decade later by the Obama Administration. Politicians of every stripe, most pundits and rafts of Protestant pastors (mainly evangelical) added their endorsements.&lt;br /&gt;&lt;br /&gt;Neither I nor most Americans had any particular reason to doubt the veracity of these claims, then or later. Nonetheless, I had strong suspicions that something was very wrong with the official US account of the tragedy only weeks after the incident, while responding to a request from a local journalist for background information. Too much made no sense whatsoever: warnings after the fact when there should have been no warnings, bizarre misbehavior by the alleged hijackers that ran counter to both the mission and their faith, skills required that far exceeded any skills the named hijackers themselves could ever have possessed for the mission, and especially the total absence of any recognition for what they had done from anyone except their supposed victims – something without precedent for actions of the sort that supposedly happened on 9/11. These and similar discontinuities reinforced my suspicion that something in the entire exercise was rotten to the core.&lt;br /&gt;&lt;br /&gt;Potentially far more significant than individual musings was the gradual appearance of dissent that eventually crystallized in the so-called “9/11 Truth” movement, which rapidly proliferated into scores of major and many minor organizations and websites dissecting the attacks, the Commission report, the motivations and agendas of assorted elected and appointed officials, and alternatives to the orthodox view. But “9/11 Truthers” have been doing their version of the Maoist “Hundred Flowers” Campaign, throwing out so many different assessments of so many different aspects of so many different issues that the core message has been lost. Nor is it a matter of too little evidence invalidating the USG position on 9/11 being available, but too much to permit a clear focus on what happened (so many trees no one can really see the forest).&lt;br /&gt;&lt;br /&gt;Mind you, it isn’t that what has been presented is irrelevant or even necessarily wrong, although some pretty bizarre theses have been tossed around along with a good deal of thoughtful and balanced work. A substantial segment also have resisted closure under any circumstances – especially when Israel came into the equation in any way – thus keeping the rhetorical pot boiling inconclusively, more than a few for reasons that could not withstand close scrutiny as to their affiliation and motivation.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Critiquing the 9/11 Critique&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The real difficulty with much, but not all, of the effort to critique and question the official US position on 9/11 is that the “9/11 Truth” proponents have been unable to communicate their concerns – much less any conclusions – to the general public in any significant way. So much of the discussion is only partially comprehensible to some within the movement, largely unknown to the general US public, and so complicated in all its dimensions to those who do become aware of it that they fail to follow up on the arguments. It is as if critics of the official position on 9/11 have been attempting to try the case in court before they have even gotten an indictment – the analytical equivalent of putting the argumentative cart before the public horse of the need to rethink the issue, thereby creating an evidentiary Gordian Knot of sorts.&lt;br /&gt;&lt;br /&gt;This analogy has long struck me as an appropriate way of rethinking our approach to the 9/11 controversy. It is not that the issue isn’t complex – it is, in ever so many ways, and that complexity would have to be addressed at some point, but there is no need to confuse the public with its complexity at the very beginning.&lt;br /&gt;&lt;br /&gt;Remember that at least in the US, the evidence and voting requirements are very different in a grand jury which can issue an indictment, than they are in a petit jury that actually tries the case. The latter needs proof of guilt; but the former only needs sufficient indication that a specific crime may have been committed, and that the accused may have done it. That is where we need to go, and where I will take this argument: to focus on those essentials necessary for an indictment in a way that will be understandable and credible to a reasonably intelligent person without requiring them to have the skills of (e.g.) a civil engineer or an aviator.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Peeling Away the Layered Details&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;There are so many flaws in the official US Government’s position on 9/11 that it is sometimes difficult to know just where to start. For example, the miraculous survival of a passport, used to identify one of the hijackers, which somehow worked its way through the aircraft’s impact, explosion, fire, and an 800-plus foot free-fall to be found by a well-dressed man and given to a New York City police detective at the base of the twin towers is a standout. The superstar-like ability of named pilots to go from the controls of a single-engine propeller-driven light plane to the cockpit of a passenger airliner and do anything except put it into the ground within a minute of turning off the autopilot is another – who would ever have thought that the Microsoft Flight Simulator program was so superlative? And the explanations given for the multiple failures of NORAD (the North American Air Defense Command) to have fighters on all four planes within minutes of their straying off course are individually dubious and collectively preposterous – only in Hollywood would they have any credence, perhaps because that is where they originated.&lt;br /&gt;&lt;br /&gt;The debate on these and many other points, and the implications thereof, has been extensive and sometimes ferocious, even if not particularly effective. What is not open to debate, however, is that WTC-7 — the third tower to collapse that day, and the only one not hit by a plane — absolutely was brought down by a controlled demolition, as anyone not trying to shield the attackers knows from a real-time video of its collapse. That is, WTC-7 went straight down into its own footprint in seconds without any visible catastrophic external trauma, which means only some catastrophic internal trauma could have brought it down. And if it had been wired for a controlled demolition, then so were the other towers (WTC-1 and WTC-2) that collapsed. That gives the plane impacts a gruesome cosmetic role, designed explicitly to conceal the true cause of the collapse of the buildings, while shocking the public into something akin to numbness. &lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/oMdLVw3AsV4?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/oMdLVw3AsV4?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The case of WTC-7 has long been known to critics of the US government position on 9/11&lt;/strong&gt;. What does not seem to have been fully appreciated, at least at first (this is changing somewhat now), is that it is not merely “an” issue, but the single issue that can be used simply, directly to the American public, and effectively to discredit the US Government’s case, and thus its rationale for so many fallacies and misdeeds: not only needless foreign wars (Afghanistan being a “pump-priming” conflict to get the US into war in the region, and to lay the groundwork for later wars), but a substantial infringement of American civil liberties under the misbegotten “Patriot Act,” the unbelievably widespread acceptance of torture (including a technique openly named “Palestinian Hanging,” which assuredly did not originate in Boston and says something about Israeli habits), and the creation of known and secret prisons and detention centers in various countries.&lt;br /&gt;&lt;br /&gt;Second only to the actual controlled demolition of WTC-7, and supplementing the thesis that with or without impacting aircraft the buildings were brought down by other means, is extensive audio-visual evidence on 9/11 while the Twin Towers were still standing from what became “Ground Zero.” &lt;strong&gt;This evidence includes real-time clips of secondary explosions at ground level in both WTC-1 and WTC-2 (you can hear the detonations and see smoke and debris billowing out)&lt;/strong&gt;, reports on many networks of those explosions and of strange vans inside and around those buildings prior to the secondary explosions, reports from EMTs (Emergency Medical Technicians) of the same thing and of people inside and around the lobbies of those buildings who were not emergency personal and were not fleeing the disaster – all of this on 9/11 and widely reported as it happened that same day.&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/6J4o3Tbf5kg?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/6J4o3Tbf5kg?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;&lt;br /&gt;And &lt;strong&gt;a third element, building on the above and adding its own dimension, is the presence of a number of (mostly white) vans owned&lt;/strong&gt; – as far as can be determined, given the extent to which information on them and the people with them has disappeared from the public record &lt;strong&gt;– by an Israeli company (or rather a company owned by an Israeli, to be precise) in New Jersey&lt;/strong&gt;. Some of these vans were regularly around the World Trade Center itself. But two stand out, and need to be examined in some detail for their significance to be appreciated.&lt;br /&gt;&lt;br /&gt;First, &lt;strong&gt;Bergen, NJ residents saw five people on a white van filming the attacks and visibly celebrating&lt;/strong&gt;. &lt;strong&gt;They had set up their cameras before the first plane hit&lt;/strong&gt;. &lt;strong&gt;Police arrested them.&lt;/strong&gt; &lt;strong&gt;All were Israelis&lt;/strong&gt; (now referred to as the “dancing Israelis”). Bomb-sniffing dogs reacted as if they had detected explosives, although officers were unable to find anything. The FBI seized the van for further testing. &lt;strong&gt;All five were later released at the instigation of Israeli &amp;amp; American Jewish leaders, some in the US Government&lt;/strong&gt;. Details are still classified. This incident quickly disappeared from the mainstream media, following a brief mention in the &lt;em&gt;New York Times&lt;/em&gt; three days after the attacks, that was not followed up.&lt;br /&gt;&lt;br /&gt;A second van was stopped on the approaches to the George Washington Bridge. As CBS’s Dan Rather said in his live report: &lt;em&gt;“Two suspects are in FBI custody after a truckload of explosives were discovered around the George Washington Bridge. That bridge links New York to New Jersey over the Hudson River. Whether the discovery of those explosives had anything to do with other events today is unclear, but the FBI, has two suspects in hand, said the truckload of explosives, enough explosives were in the truck to do great damage to the George Washington Bridge…&lt;/em&gt;“ Those suspects –also Israelis — and the incident then seem to have disappeared from the public record and mainstream media “examinations” &lt;sic.&gt;of 9/11, just like discussions of the first van, the secondary explosions at ground level within WTC-1 and WTC-2, and the precipitous collapse into its own footprint of WTC-7.&lt;br /&gt;&lt;br /&gt;The combined impact of these and many other factors is both chilling and compelling. Think of it: &lt;strong&gt;Secondary explosions at ground level where there should be no secondary explosions&lt;/strong&gt;. The catastrophic collapse of the 47-story WTC-7 into its own footprint in seconds, without any significant external trauma, where by rights there should have been no collapse. Vans with targeting maps, explosives or traces thereof, cameras pre-positioned to film the World Trade Center, &lt;em&gt;and especially Israelis with those vans where there should have been no Israelis present with any of those things in those places at that time&lt;/em&gt;.&lt;br /&gt;&lt;br /&gt;Any of these matters ought to have been sufficient to stimulate a searching re-examination of the official USG interpretation of 9/11, and especially of the actual or putative role of Al-Qaeda in it. &lt;strong&gt;The vans alone pointed away from Al-Qaeda,&lt;/strong&gt; unless one assumed that Al-Qaeda was an Israeli front, or that Mossad at a minimum had run a parallel and more murderous operation to whatever Al-Qaeda may have done. What is fascinating is how little impact it has had on public awareness of the details of 9/11, much less official US policy based on it. A “cloak of silence” had descended over any official or mainstream media discussions of 9/11 that did not conform to the official interpretation, thereby keeping such dissonance from the general public.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Cloak of Silence Over 9/11&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;There have been three elements to the “cloak of silence” covering efforts to expose the failings of the official US position on 9/11 to the public. One is within the Executive Branch. Another is within the Congress. And the third is the mainstream media (MSM).&lt;br /&gt;&lt;br /&gt;The first is not at all surprising, as &lt;strong&gt;so many of its key members (and especially its so-called “neo-conservatives”) were the authors of the “19 named Arabs in 4 planes” thesis, and its de facto apologists on the professional staff of the 9/11 Commission. Indeed, many of them had a vested personal and professional interest in maintaining the validity of the official position.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;A surprising number had been on the strongly pro-Israel Project for a New American Century (PNAC) when it published a report asserting that some “catalytic event” akin to the Pearl Harbor would be needed to move the US in the direction they desired (and which would be of enormous benefit to Israel). The 9/11 attacks gave them their catalytic event, and they visibly capitalized on that opportunity. Many were Jewish, often with dual US-Israeli citizenship and a controlling commitment to Israel. All were Israeli partisans. And it took no great inferential leap to understand that a US consumed with anti-Arab and anti-Muslim rage would inevitably and inexorably do things that would directly or indirectly benefit Israel – which, of course, is precisely what has happened over the past decade.&lt;br /&gt;&lt;br /&gt;Overtly more surprising was Congressional acceptance of the official explanation, or rather the lack of searching inquiries into it and the events of 9/11, at least by the Democrats. But in reality, that wasn’t at all surprising. It was not just that Administration officials were essentially “speaking with one voice” on this issue, or that the Republicans in the Senate at least could have kept Democrats from holding hearings, at least in the beginning. It is that while many (especially Democrats) came to question later the war in Iraq, and some more belatedly the war in Afghanistan, there was and remains no discernable legislative effort to delve into the details of 9/11 – and especially the numerous contradictions, inconsistencies and unbelievable aspects in the official explanation. This is a predictable outcome of a substantial lobbying effort by AIPAC (the American-Israel Public Affairs Committee) here, “encouraging” Senators and Representatives of both parties to do in this matter what they do best – nothing – and punishing the handful who balked by marginalizing their efforts while in office, and working successfully for their electoral defeat later.&lt;br /&gt;&lt;br /&gt;Overlapping these two branches, and a critical element in the &lt;strong&gt;Zionist control of the US Government that is sometimes overlooked, is their domination of the political appointment and confirmation process.&lt;/strong&gt; The White House Personnel Office has been largely dominated by them at least since 1980, and perhaps before, thereby reducing the likelihood that people unfriendly to Israel or unsupportive of its “ways and means” will be nominated in the first place. &lt;strong&gt;The vetting of nominees by key organized Jewish groups in the US before they go before the US Senate for their confirmation hearings has also been a fixture of this process for decades,&lt;/strong&gt; as Ha’aretz (an Israeli newspaper) among many others has pointed out, and forces otherwise excellent nominees to withdraw if said Jewish groups find them to be unsuitable. And the leverage of AIPAC in the US Senate is in this respect crucial: &lt;strong&gt;anyone AIPAC wants confirmed will be confirmed, and anyone who manages to reach that point and is not acceptable to AIPAC doesn’t stand a chance.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;This is why under both Republicans and Democrats, the staffs in and around the President and the Vice-President, the National Security Council, the State Department and the Defense Department (among others) look the way they do. Many are Jewish and actively Zionist, often with dual US-Israeli citizenship (not that the absence of an Israeli passport matters all that much to the others). Some are Christian Zionists who need no persuading to take the pro-Israel positions they do – I can only shudder to think of the type of a staff and appointments that would come from a president like Michele Bachmann or Mike Huckabee. Others are what the communists used to call “useful idiots,” frequently intelligent people like Condoleeza Rice or John Bolton who have made their own Faustian bargain in the furtherance of their own careers. And the rest of us live with the consequences of all of them, not least of which was 9/11 and the ensuing wars.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;But it is the role of the largely Zionist-owned mainstream media (MSM) in allowing the official US government view of 9/11 to go virtually unchallenged that is most fascinating, and has been most effective in letting any possible public debate on 9/11 largely lie fallow&lt;/strong&gt;. This was contrary to its entire post-Vietnam (and especially post-Pentagon Papers/post-Watergate) ethos, which put investigative journalism on a pedestal and made a fetish of investigating and exposing corporate and government wrong-doing, both for profits and for professional advancement. Remember, that at least since the publication of the so-called “Pentagon Papers” during the Vietnam War, the normal instinct of the MSM is to investigate and to reveal, unless that discloses Israeli misconduct or reflects negatively on Israel, in which case its virtually primeval instinct is to conceal and to protect.&lt;br /&gt;&lt;br /&gt;The MSM’s normal inquisitorial impulse was not in evidence in the case of 9/11. This is because critical inquiries into 9/11 have been largely ignored or repressed by the MSM — &lt;em&gt;which would not do that if its largely Zionist ownership did not know, suspect or fear that an exposed evidentiary trail would lead, in whole or in part, directly or indirectly to Israel&lt;/em&gt;. Indeed, if the evidentiary trail had seemed to lead to (e.g.) Iran instead of Israel, or if its provenance was even moderately uncertain, the MSM would have vociferously shredded the USG case long ago, and the “9/11 Truth” movement would find its views presented on the front pages of major newspapers and highlighted in favorable TV/radio broadcasts.&lt;br /&gt;&lt;br /&gt;That this did not happen quickly becomes clear as one examines the MSM’s approach to 9/11. Its role has been threefold: : (a) disinformation – to affirm, or at least not openly question, the USG case; (b) distraction – to direct attention away from Israel and the PNAC/neo-cons; and (c) doubt – to ignore or ridicule those who question the official US case. What people choose to conceal speaks volumes about the dynamics of the situation, and the end result of MSM actions has been the fabrication of an aura of disbelief and doubt where there should be none.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;This process began almost immediately&lt;/strong&gt;. Dramatic and revealing real-time reports about the details of the attacks appeared on 9/11, including many that did not directly involve the hijacked airliners. Over the next few days, some local papers and stations in the area still were reporting dissonant events (e.g., the van with the “dancing Israelis”). But &lt;strong&gt;within a week, most dissonance was gone or relegated to inside pages and their electronic equivalents, especially anything pertaining to WTC-7,&lt;/strong&gt; whose collapse became a non-event, or the presence of Israelis in the vans and elsewhere, as &lt;strong&gt;the US Government’s propaganda machine – aided actively by most of the MSM – went into high gear&lt;/strong&gt; first against Al-Qaeda and then in support of the invasion of Afghanistan.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Path to 9/11&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The provenance of the 9/11 attacks becomes even clearer once they are examined as a classic exercise in covert operations. Generally speaking, there are three requirements for evaluating the origin and prospects for success of all covert intelligence operations: (a) motivation, (b) expertise, and (c) local support for access to the target and post-attack evasion and escape.&lt;br /&gt;&lt;br /&gt;Let us look first at &lt;em&gt;motivation&lt;/em&gt;. It is a bitter commentary on how far the US has gone from its strategic requirements and its own principles that so many movements and governments around the world not only dislike and distrust the US, but hate it with a passion and with better cause than I care to think about. I recently came across a remark by a Jesuit priest to the effect that “Every time I hear that Israel is America’s only friend in the Middle East, I remember that before Israel, America had no enemies in the Middle East” – a point well worth remembering.&lt;br /&gt;&lt;br /&gt;But the interesting thing about the assorted movements and governments that might have an actual or perceived reason to do harm to the US, is that all but one has had a negative incentive to do that: to punish the US for some actual or assumed failings or misdeeds. The one exception is Israel. It has no negative incentives at all (I exclude some real fringe fanatics), simply because without US aid and diplomatic support, it would find itself in even worse straits than did apartheid-era South Africa, and with better cause. But it is the one state with a positive incentive, if it believed it could get away with it, which is to enrage the American public against Muslims generally and Arabs in particular, and to make the US an active belligerent in the region – spending American lives and treasure in the service of Israel’s interests.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Expertise&lt;/em&gt; is different and more diffuse. There are many intelligence and special operations forces in the world with the expertise to wire large urban structures for a controlled demolition. There are many combat engineer units in many countries that could do the same thing. And there are many private firms that specialize in them as well. Yet neither Al-Qaeda as an organization, nor any of its known affiliates – much less the 19 named Arabs supposedly on those four planes – possessed that expertise, or anything even remotely close to it; had they done so, the Green Zone in Baghdad would have been a pile of rubble.&lt;br /&gt;&lt;br /&gt;But it is &lt;em&gt;local support&lt;/em&gt; that is the crucial determinant. All well-crafted covert operations require some measure of local support, official or unofficial, unless the target area is so irredeemably hostile that none is available. Any domestic or foreign intelligence agency targeting the WTC would absolutely have required it, and Mossad would be better placed than any other to access such support for entry, access, execution and escape.&lt;br /&gt;&lt;br /&gt;This is especially true, given the security company overseeing the WTC. CIA and/or Defense Department personnel (which is not the same as the CIA or the Defense Department as organizations) could have had access, but only if that had Israeli endorsement – one does not casually cut open walls, implant explosives, run cables and wire everything together in buildings with state-of-the-art electronic surveillance and 24/7 on-site security. Mossad would have no such need for those niceties, given the ownership of the WTC and the management of the company overseeing its security. Remember that we are not talking about large numbers of people in any case: given time to prepare the three buildings and protection from detection, as few as a dozen could have sufficed, a number small enough to be effectively unnoticed in a large organization.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Retrospect and Prospect&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;So let us recapitulate the basic conclusions of this analysis. First, the core official US Government position on 9/11 is that any and all aspects of it are directly attributable to 19 named Arabs on 4 planes, conducting a terrorist operation planned and executed by Osama bin Laden’s Al-Qaeda. This position is at best incomplete, and at worst a complete fabrication engineered by those directly or indirectly responsible for what happened on 9/11, and the wars afterward.&lt;br /&gt;&lt;br /&gt;Second, Al-Qaeda and many different countries and groups had negative reasons, real or contrived, to want to harm the US. But only Israel and its neoconservative wing in the US had a positive incentive to do so, which was to enrage Americans and make the US an active belligerent against Muslim countries, thereby cementing its bonding to Israel and Israel’s interests.&lt;br /&gt;&lt;br /&gt;Third, there is no doubt that fully-loaded civilian airliners, especially with nearly-full fuel loads, impacting the Twin Towers (WTC-1 and WTC-2) would do great damage to those buildings, and might under a chain of extraordinary circumstances precipitate a chain of events leading to their collapse. But there is absolutely no way that those airliners impacting 800-1000 feet above the ground could have produced visible and audible secondary explosions in those buildings at ground level, nor precipitated the collapse of a third building (WTC-7)which was not hit by any aircraft and had no massive external trauma from debris produced by the Twin Towers.&lt;br /&gt;&lt;br /&gt;Fourth, Al-Qaeda – and perhaps other groups as well – had the theoretical capability to carry out a simultaneous four-plane hijacking, perhaps flying the aircraft to Cuba (the four 9/11 aircraft should have been able to make a one-way flight there at the beginning of their operational day without difficulty, depending on their actual loads), which would have been spectacular in itself. But neither Al-Qaeda nor any of their affiliates had the expertise and local support necessary to allow them the needed access to any of the buildings at the World Trade Center, to cut open the walls and wire them for controlled demolition, and then to escape and evade afterward.&lt;br /&gt;&lt;br /&gt;Fifth and finally, in addition to being unique in having a positive incentive to make the 9/11 attacks, only Israel had the essential expertise and local support required to bring down the three World Trade Center buildings with controlled demolitions, and the leverage within and around the US Government to let their operatives evade detection, to be released without fanfare if apprehended unexpectedly, and to cloak their actions from public scrutiny – all of which happened on and after 9/11.&lt;br /&gt;&lt;br /&gt;People often ask about some new evidence or proof tying 9/11, in whole or in part, to Israel. Now I understand that there can never be absolute proof for some people barring a public confession from one of the Israeli planners or their American supporters, and that, I suspect, we will never obtain – although some of the statements made later in Israel by three of the Israelis arrested in Bergen, NJ filming the burning Twin Towers comes very close to that: One stated categorically that “our purpose was to document the event,” which should leave little doubt that they knew in advance of the attacks, whether or not they themselves personally had any further role in them.&lt;br /&gt;&lt;br /&gt;But it is not necessary to have such a confession, any more than it is necessary to have a confession in a criminal court to convict a person of murder, if the other evidence is sufficiently compelling. Here there is a mountain of physical, technical, analytical and circumstantial evidence, far more than any unprejudiced person needs to understand far beyond any reasonable doubt whatsoever, that (1) the USG case is fatally flawed, and (2) this was a Mossad-directed operation orchestrated at the highest levels of the Israeli government (because of the target) with local support within the US and elements of the US Government itself.&lt;br /&gt;&lt;br /&gt;Given the pervasiveness of Zionist influence in the US government and its intelligence and security agencies (including of course the Defense Department), &lt;strong&gt;two broad scenarios are possible&lt;/strong&gt;. One is that the neo-cons and their cohorts were in the driver’s seat with Israel in the passenger seat with a map and the baggage. The second sees Israel driving with the neo-cons and others handling the map and baggage. But they &lt;strong&gt;were both in the same car on the road to and from 9/11. Both were embedded in aspects of the planning and execution of the catastrophe, the wars it spawned and the wars its architects now want us to wage in Israel’s name&lt;/strong&gt;, linking treason and treachery in tandem no matter where the emphasis is placed.&lt;br /&gt;&lt;br /&gt;Unraveling that issue is something to be left for a future investigation, interrogations and trials, followed by punishments appropriate to the magnitude of the crimes for all of the participants. Bringing an awareness of these events to the American public and others abroad in a practical and actionable way is the subject of the final piece in this series: Riposte Against Zionism: Go Tell It To The People.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Alan Sabrosky (Ph.D, University of Michigan) is a ten-year US Marine Corps veteran and a graduate of the US Army War College. He can be contacted at docbrosk@comcast.net&lt;/em&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-1571295243480917673?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/1571295243480917673/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=1571295243480917673&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1571295243480917673'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/1571295243480917673'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/demystifying-911-israel-and-tactics-of.html' title='Demystifying 9/11: Israel and the Tactics of Mistake'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-2881440070180410610</id><published>2011-06-29T16:05:00.002-05:00</published><updated>2011-06-29T16:13:05.737-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='IMF'/><category scheme='http://www.blogger.com/atom/ns#' term='Moammar Gadhafi'/><category scheme='http://www.blogger.com/atom/ns#' term='ECB'/><title type='text'>A World Overwhelmed By Western Hypocrisy</title><content type='html'>By Paul Craig Roberts &lt;br /&gt;&lt;br /&gt;June 29, 2011 "&lt;a href="http://www.informationclearinghouse.info/article28431.htm"&gt;Information Clearing House&lt;/a&gt;" -- -- -- - Western institutions have become caricatures of hypocrisy. &lt;br /&gt;&lt;br /&gt;The International Monetary Fund and the European Central Bank are violating their charters in order to bail out French, German, and Dutch private banks. The IMF is only empowered to make balance of payments loans, but is lending to the Greek government for prohibited budgetary reasons in order that the Greek government can pay the banks. The ECB is prohibited from bailing out member country governments, but is doing so anyway in order that the banks can be paid. The German parliament approved the bailout, which violates provisions of the European Treaty and Germany’s own Basic Law. The case is in the German Constitutional Court, a fact unreported in the US media.&lt;br /&gt;&lt;br /&gt;US president George W. Bush appointed an immigrant, who is not impressed with the US Constitution and the separation of powers, to the Justice (sic) Department in order to get a ruling that the president has “unitary powers” that elevate him above statutory US law, treaties, and international law. According to this immigrant’s legal decisions, the “unitary executive” can violate with impunity the Foreign Intelligence Surveillance Act, which prevents spying on Americans without warrants obtained from the FISA Court. The immigrant also ruled that Bush could violate with impunity the statutory US laws against torture as well as the Geneva Conventions. In other words, the fictional “unitary powers” make the president into a Caesar.&lt;br /&gt;&lt;br /&gt;Constitutional protections, such as habeas corpus, which prohibit government from holding people indefinitely without presenting charges and evidence to a court, and which prohibit government from denying detained people due process of law and access to an attorney, were thrown out the window by the US Department of Justice (sic), and the federal courts went along with most of it.&lt;br /&gt;&lt;br /&gt;As did Congress, “the people’s representatives”. Congress even enacted the Military Tribunals Commissions Act of 2006, signed by the White House Brownshirt on October 17.&lt;br /&gt;&lt;br /&gt;This act allows anyone alleged to be an “unlawful enemy combatant” to be sentenced to death on the basis of secret and hearsay evidence not presented in the kangaroo military court placed out of reach of US federal courts. The crazed nazis in Congress who supported this total destruction of Anglo-American law masqueraded as “patriots in the war against terrorism.”&lt;br /&gt;&lt;br /&gt;The act designates anyone accused by the US, without evidence being presented, as being part of the Taliban, al-Qaeda, or “associated forces” to be an “unlawful enemy combatant,” which strips the person of the protection of law. Not even George Orwell could have conceived of such a formulation. &lt;br /&gt;&lt;br /&gt;The Taliban consists of indigenous Afghan peoples, who, prior to the US military intervention, were fighting to unify the country. The Taliban are Islamist, and the US government fears another Islamist government, like the one in Iran that was blowback from US intervention in Iran’s internal affairs. The “freedom and democracy” Americans overthrew an elected Iranian leader and imposed a tyrant. American-Iranian relations have never recovered from the tyranny that Washington imposed on Iranians. &lt;br /&gt;&lt;br /&gt;Washington is opposed to any government whose leaders cannot be purchased to perform as Washington’s puppets. This is why George W. Bush’s regime invaded Afghanistan, why Washington overthrew Saddam Hussein, and why Washington wants to overthrow Libya, Syria, and Iran.&lt;br /&gt;&lt;br /&gt;America’s First Black (or half white) President inherited the Afghan war, which has lasted longer than World War II with no victory in sight. Instead of keeping with his election promises and ending the fruitless war, Obama intensified it with a “surge,”&lt;br /&gt;&lt;br /&gt;The war is now ten years old, and the Taliban control more of the country than does the US and its NATO puppets. Frustrated by their failure, the Americans and their NATO puppets increasingly murder women, children, village elders, Afghan police, and aid workers.&lt;br /&gt;&lt;br /&gt;A video taken by a US helicopter gunship, leaked to Wikileaks and released, shows American forces, as if they were playing video games, slaughtering civilians, including camera men for a prominent news service, as they are walking down a peaceful street. A father with small children, who stopped to help the dying victims of American soldiers’ fun and games, was also blown away, as were his children. The American voices on the video blame the children’s demise on the father for bringing kids into a “war zone.” It was no war zone, just a quiet city street with civilians walking along.&lt;br /&gt;&lt;br /&gt;The video documents American crimes against humanity as powerfully as any evidence used against the Nazis in the aftermath of World War II at the Nuremberg Trials. &lt;br /&gt;&lt;br /&gt;Perhaps the height of lawlessness was attained when &lt;strong&gt;the Obama regime announced that it had a list of American citizens who would be assassinated without due process of law. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;One would think that if law any longer had any meaning in Western civilization, George W. Bush, Dick Cheney, indeed, the entire Bush/Cheney regime, as well as Tony Blair and Bush’s other co-conspirators, would be standing before the International Criminal Court.&lt;br /&gt;&lt;br /&gt;Yet it is Gadaffi for whom the International Criminal Court has issued arrest warrants. Western powers are using the International Criminal Court, which is supposed to serve justice, for self-interested reasons that are unjust.&lt;br /&gt;&lt;br /&gt;What is Gadaffi’s crime? His crime is that he is attempting to prevent Libya from being overthrown by a US-supported, and perhaps organized, armed uprising in Eastern Libya that is being used to evict China from its oil investments in Eastern Libya.&lt;br /&gt;&lt;br /&gt;Libya is the first armed revolt in the so-called “Arab Spring.” &lt;a href="http://www.english.rfi.fr/print/95867?print=now"&gt;Reports have made it clear that there is nothing “democratic” about the revolt.&lt;/a&gt; &lt;br /&gt;The West managed to push a “no-fly” resolution through its puppet organization, the United Nations. The resolution was limited to neutralizing Gadaffi’s air force. However, Washington, and its French puppet, Sarkozy, quickly made an “expansive interpretation” of the UN resolution and turned it into authorization to become directly involved in the war. &lt;br /&gt;&lt;br /&gt;Gadaffi has resisted the armed rebellion against the state of Libya, which is the normal response of a government to rebellion. The US would respond the same as would the UK and France. But by trying to prevent the overthrow of his country and his country from becoming another American puppet state, Gadaffi has been indicted. The International Criminal Court knows that it cannot indict the real perpetrators of crimes against humanity--Bush, Blair, Obama, and Sarkozy--but the court needs cases and accepts the victims that the West succeeds in demonizing.&lt;br /&gt;&lt;br /&gt;In our post-Orwellian times, everyone who resists or even criticizes the US is a criminal. For example, &lt;strong&gt;Washington considers Julian Assange and Bradley Manning to be criminals, because they made information available that exposed crimes committed by the US government&lt;/strong&gt;. Anyone who even disagrees with Washington, is considered to be a “threat,” and Obama can have such “threats” assassinated or arrested as a “terrorist suspect” or as someone “providing aid and comfort to terrorists.” American conservatives and liberals, who once supported the US Constitution, are all in favor of shredding the Constitution in the interest of being “safe from terrorists.” They even accept such intrusions as porno-scans and sexual groping in order to be “safe” on air flights.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The collapse of law is across the board. The Supreme Court decided that it is “free speech” for America to be ruled by corporations&lt;/strong&gt;, not by law and certainly not by the people. On June 27, the US Supreme Court advanced the fascist state that the “conservative” court is creating with the ruling that Arizona cannot publicly fund election candidates in order to level the playing field currently unbalanced by corporate money. &lt;strong&gt;The “conservative” US Supreme Court considers public funding of candidates to be unconstitutional, but not the “free speech” funding by business interests who purchase the government in order to rule the country. &lt;/strong&gt;The US Supreme Court has become a corporate functionary and legitimizes rule by corporations. Mussolini called this rule, imposed on Americans by the US Supreme Court, fascism. &lt;br /&gt;&lt;br /&gt;The Supreme Court also ruled on June 27 that California violated the US Constitution by banning the sale of violent video games to kids, despite evidence that the violent games trained the young to violent behavior. It is fine with the Supreme Court for soldiers, whose lives are on the line, to be prohibited under penalty of law from drinking beer before they are 21, but the idiot Court supports inculcating kids to be murderers, as long as it is in the interest of corporate profits, in the name of “free speech.”&lt;br /&gt;&lt;br /&gt;Amazing, isn’t it, that a court so concerned with ‘free speech” has not protected American war protesters from unconstitutional searches and arrests, or protected protesters from being attacked by police or herded into fenced-in areas distant from the object of protest. &lt;br /&gt;&lt;br /&gt;As the second decade of the 21st century opens, those who oppose US hegemony and the evil that emanates from Washington risk being declared to be “terrorists.” If they are American citizens, they can be assassinated. If they are foreign leaders, their country can be invaded. When captured, they can be executed, like Saddam Hussein, or sent off to the ICC, like the hapless Serbs, who tried to defend their country from being dismantled by the Americans.&lt;br /&gt;&lt;br /&gt;And the American sheeple think that they have “freedom and democracy.”&lt;br /&gt;&lt;br /&gt;Washington relies on fear to coverup its crimes. A majority of Americans now fear and hate Muslims, peoples about whom Americans know nothing but the racist propaganda which encourages Americans to believe that Muslims are hiding under their beds in order to murder them in their sleep.&lt;br /&gt;&lt;br /&gt;The neoconservatives, of course, are the purveyors of fear. The more fearful the sheeple, the more they seek safety in the neocon police state and the more they overlook Washington’s crimes of aggression against Muslims. &lt;br /&gt;&lt;br /&gt;Safety uber alles. That has become the motto of a once free and independent American people, who once were admired but today are despised.&lt;br /&gt;&lt;br /&gt;In America lawlessness is now complete. &lt;a href="http://www.guardian.co.uk/world/2011/jun/24/america-pregnant-women-murder-charges"&gt;Women can have abortions, but if they have stillbirths, they are arrested for murder. &lt;/a&gt;&lt;br /&gt;&lt;br /&gt;Americans are such a terrified and abused people that a 95-year old woman dying from leukemia traveling to a last reunion with family members was forced to remove her adult diaper in order to clear airport security. http://www.nwfdailynews.com/news/mother-41324-search-adult.html Only a population totally cowed would permit such abuses of human dignity. &lt;br /&gt;&lt;br /&gt;In a June 27 interview on National Public Radio, Ban Ki-moon, Washington’s South Korean puppet installed as the Secretary General of the United Nations, was unable to answer why the UN and the US tolerate the slaughter of unarmed civilians in Bahrain, but support the International Criminal Court’s indictment of Gadaffi for defending Libya against armed rebellion. Gadaffi has killed far fewer people than the US, UK, or the Saudis in Bahrain. Indeed, NATO and the Americans have killed more Libyans than has Gadaffi. The difference is that the US has a naval base in Bahrain, but not in Libya.&lt;br /&gt;&lt;br /&gt;There is nothing left of the American character. Only a people who have lost their soul could tolerate the evil that emanates from Washington.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-2881440070180410610?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/2881440070180410610/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=2881440070180410610&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2881440070180410610'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/2881440070180410610'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/world-overwhelmed-by-western-hypocrisy.html' title='A World Overwhelmed By Western Hypocrisy'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-8104790392836340816</id><published>2011-06-29T11:21:00.000-05:00</published><updated>2011-06-29T11:21:33.043-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Economic Collapse'/><category scheme='http://www.blogger.com/atom/ns#' term='Federal Reserve'/><title type='text'>Rich Dad, Poor Dad, Prepper Dad? Even Robert Kiyosaki Is Warning That An Economic Collapse Is Coming</title><content type='html'>&lt;a href="http://theeconomiccollapseblog.com/archives/rich-dad-poor-dad-prepper-dad-even-rober-kiyosaki-is-warning-that-an-economic-collapse-is-coming"&gt;The Economic Collapse Blog&lt;/a&gt;&lt;br /&gt;June 27, 2011&lt;br /&gt;&lt;br /&gt;Are you familiar with Robert Kiyosaki? He is best known for the "Rich Dad, Poor Dad" series of books. Over 26 million books authored by Kiyosaki have been sold and he is recognized as a financial expert by millions of people across the globe. Well, guess what? &lt;strong&gt;Even Robert Kiyosaki is warning that an economic collapse is coming. In fact, Kiyosaki and his team of financial experts are encouraging Americans to stock up on food, guns and precious metals.&lt;/strong&gt; This is yet another sign of just how close we are to the total collapse of the U.S. Economy. Kiyosaki, who once co-authored a book with Donald Trump entitled "Why We Want You To Be Rich" is now a full-fledged prepper. As even more prominent Americans start warning that an "economic collapse" is coming do you think that the American people will finally wake up and start paying attention?&lt;br /&gt;&lt;br /&gt;The statements that Robert Kiyosaki makes in the video posted below are absolutely jaw-dropping. Once upon a time he was all about teaching people how they could get rich, but &lt;strong&gt;now he is talking about storing food, buying guns, investing in precious metals and preparing for the coming crash.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;The following are 11 of the best Kiyosaki "sound bites" from the video below....&lt;br /&gt;&lt;br /&gt;#1 "when the economy crashes as we predict"&lt;br /&gt;&lt;br /&gt;#2 "the crowds come rushing in to buy gold and silver"&lt;br /&gt;&lt;br /&gt;#3 "we could either go into a depression or we go to hyperinflation"&lt;br /&gt;&lt;br /&gt;#4 "or we could also go to war"&lt;br /&gt;&lt;br /&gt;#5 "buy a gun"&lt;br /&gt;&lt;br /&gt;#6 "I'm preparing"&lt;br /&gt;&lt;br /&gt;#7 "I'm prepared for the worst"&lt;br /&gt;&lt;br /&gt;#8 "so come to my house and I'm armed and dangerous and I'll welcome you"&lt;br /&gt;&lt;br /&gt;#9 "we have food, we have water, we have guns, gold and silver, and cash"&lt;br /&gt;&lt;br /&gt;#10 "the credit card system shuts down, the world shuts down"&lt;br /&gt;&lt;br /&gt;#11 "the supermarkets have less than 3 days supply"&lt;br /&gt;&lt;br /&gt;If you have not seen this video yet, it is definitely worth the 8 minutes that it takes to watch it. Robert Kiyosaki seems to be extremely alarmed about the future of the U.S. economy....&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/HZAzBDDnhwg?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/HZAzBDDnhwg?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;It certainly seems as though the entire financial culture in America is changing.&lt;br /&gt;&lt;br /&gt;Once upon a time everyone wanted to know how to get rich.&lt;br /&gt;&lt;br /&gt;Now everyone wants to know how to survive the collapse that is coming.&lt;br /&gt;&lt;br /&gt;As I have written about previously, even people like Tony Robbins and Donald Trump are warning that an economic collapse is coming.&lt;br /&gt;&lt;br /&gt;Economic pessimism is seemingly everywhere and almost every recent survey indicates that the American people are losing faith in the U.S. economy.&lt;br /&gt;&lt;br /&gt;For example, in a recent article I noted that &lt;strong&gt;48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%. Back in 2007, just 14% of Americans lacked confidence in U.S. banks.&lt;br /&gt;&lt;br /&gt;In order for society to function correctly, people need to be able to trust each other and they need to be able to trust the major institutions that hold society together.&lt;br /&gt;&lt;br /&gt;Once confidence in our major societal institutions is gone, it is going to be incredibly difficult to get it back.&lt;br /&gt;&lt;br /&gt;Sadly, the reality is that &lt;strong&gt;many of our major financial institutions have been untrustworthy for a very long time&lt;/strong&gt;. It is just that the American people are only just now starting to wake up to that fact.&lt;br /&gt;&lt;br /&gt;For example, the &lt;a href="http://theeconomiccollapseblog.com/archives/19-reasons-why-the-federal-reserve-is-at-the-heart-of-our-economic-problems"&gt;Federal Reserve&lt;/a&gt; has been at the heart of our economic problems for decades but most Americans have not realized it.&lt;br /&gt;&lt;br /&gt;But now that is starting to change. According to one recent poll, &lt;strong&gt;only 30% of Americans currently view Federal Reserve Chairman Ben Bernanke favorably&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The American people are becoming increasingly dissatisfied with an economic system where the vast majority of the rewards flow to Wall Street&lt;/strong&gt;, the big banks, the biggest corporations and the ultra-wealthy.&lt;br /&gt;&lt;br /&gt;According to the &lt;em&gt;Washington Post&lt;/em&gt;, the top 0.1% of all income earners in the United States took home 2.6% of the nation's earnings in 1975. By 2008, the top 0.1% were taking home 10.4% of the nation's earnings.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The&lt;/em&gt; &lt;em&gt;Washington Post&lt;/em&gt; also says that after adjusting for inflation, the average income of the top 0.1% of all Americans jumped by 385 percent between 1970 and 2008 while the average income for the bottom 90 percent of all Americans actually fell by one percent.&lt;br /&gt;&lt;br /&gt;The sad truth is that &lt;strong&gt;income inequality in the United States has become a major problem. A very small sliver of the population is reaping almost all of the rewards and the middle class is being ripped to shreds&lt;/strong&gt;. Conservatives, liberals, Democrats, Republicans and libertarians should all be alarmed by this.&lt;br /&gt;&lt;br /&gt;Meanwhile, &lt;strong&gt;the national debt continues to explode&lt;/strong&gt;. Right now, U.S. government debt is expanding at a rate of $40,000 per second.&lt;br /&gt;&lt;br /&gt;Every single minute we steal another 2 million dollars away from our children and our grandchildren.&lt;br /&gt;&lt;br /&gt;But if we stop this theft it would throw the U.S. economy into a horrible economic crisis that would be far worse than what we are experiencing right now.&lt;br /&gt;&lt;br /&gt;That is why the vast majority of our politicians do not have the guts to do it.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;We truly are caught between a rock and a hard place.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;But people like Robert Kiyosaki can see what is coming, and they are getting prepared.&lt;br /&gt;&lt;br /&gt;Are you prepared?&lt;br /&gt;&lt;br /&gt;Many of our young people have come up with their own versions of an "economic stimulus plan". In past articles I have documented many of the signs that society is collapsing, including the disturbing rise of the "mob robbery" phenomenon.&lt;br /&gt;&lt;br /&gt;Well, just the other day there was another very shocking mob robbery in the city of Philadelphia.&lt;br /&gt;&lt;br /&gt;On Thursday, a mob of 40 teens and young adults invaded a Sears department store on 69th Street, grabbed all of the merchandise that they could carry, and stormed right back out again.&lt;br /&gt;&lt;br /&gt;We are starting to see these kinds of large scale crimes happen from coast to coast.&lt;br /&gt;&lt;br /&gt;So what is going to happen to America if the economy experiences the kind of full out collapse that Robert Kiyosaki is talking about?&lt;br /&gt;&lt;br /&gt;We live in very interesting times.&lt;br /&gt;&lt;br /&gt;I hope that you are getting prepared.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-8104790392836340816?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/8104790392836340816/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=8104790392836340816&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8104790392836340816'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8104790392836340816'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/rich-dad-poor-dad-prepper-dad-even.html' title='Rich Dad, Poor Dad, Prepper Dad? Even Robert Kiyosaki Is Warning That An Economic Collapse Is Coming'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-637398687943437674</id><published>2011-06-28T10:22:00.001-05:00</published><updated>2011-06-28T10:23:52.741-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Tritium'/><category scheme='http://www.blogger.com/atom/ns#' term='Fukushima Nuclear Disaster'/><category scheme='http://www.blogger.com/atom/ns#' term='Cooper Nuclear Station'/><category scheme='http://www.blogger.com/atom/ns#' term='Fort Calhoun'/><title type='text'>What The Fukushima Is Going On In Omaha?</title><content type='html'>By: Marvin Wolf&lt;br /&gt;&lt;em&gt;&lt;a href="http://localtalknews.com/home-page-columnists/marvin-wolf/923-what-the-fukushima-is-going-on-in-omaha"&gt;Local Talk News Editor &lt;/a&gt;&lt;/em&gt;&lt;br /&gt;Monday, 27 June 2011 08:34 &lt;br /&gt;&lt;br /&gt;In the immediate aftermath of the Fukushima nuclear disaster, Japanese officials assured everyone that everything was alright; everything was under control, that the problem was limited and controllable. It took a few days for that lie to fall apart.&lt;br /&gt;&lt;br /&gt;This time, it may be our turn. &lt;strong&gt;Something bad is happening in Nebraska&lt;/strong&gt;. A state of emergency was declared for two counties where two nuclear plants are located - one at the &lt;strong&gt;Fort Calhoun nuclear facility&lt;/strong&gt; and one at the &lt;strong&gt;Cooper Nuclear Station&lt;/strong&gt; near Brownsville. Due to flooding from the Missouri River, some kind of emergency event is happening or about to happen there. The government is telling us not to worry, that there are just some precautionary measures going on to prevent a disaster from happening because of the flooding.&lt;br /&gt;&lt;br /&gt;Makeshift barriers have been erected at the Fort Calhoun plant because the current river level is two feet above the ground level of the plant. At the Cooper facility, another three inches of water and the facility will be closed. There were two tornadoes in the area a few days ago with winds of 85 mph.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Without the barriers, the plants would be, as we call it, under water, which is part of what caused the problem at Fukushima.&lt;/strong&gt; Water plus radioactivity creates radioactive water, or radioactive steam, which radiation can turn into hydrogen and oxygen which have a habit of, as we call it, exploding.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The government is telling us not to panic&lt;/strong&gt;. All is under control, just like in Japan. But here are a few troubling inconsistencies. One, &lt;strong&gt;the Red Cross shelter next to the Fort Calhoun plant has been closed.&lt;/strong&gt; They claim it was due to “decreased need.” During a flood? &lt;strong&gt;Now there is a no-fly zone around the plant&lt;/strong&gt;. Then &lt;strong&gt;there is the disturbing news that the spent fuel rod pool was so full that they store the surplus fuel rods in a dry storage area outside the safety of the pool&lt;/strong&gt;. How long will that area stay dry and what happens if it gets wet? One reporter claims &lt;strong&gt;the dry storage bunker is now half-submerged. One of the intake structures is prone to flooding that could affect the water pumps. Non-functional water pumps?&lt;/strong&gt; Does that sound familiar?&lt;br /&gt;&lt;br /&gt;Keep in mind that some flooding was deliberately caused by the Army releasing water from reservoirs to protect them from failing. This has flooded levees. The Army has in the past dynamited levees to direct the water elsewhere - like where poor people live and work - to protect the areas where rich people live and work.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The Russians are concerned. They are reporting that on June 7, there was a nuclear accident at the plant due to the flooding and that the Obama administration has ordered a news blackout. They think there’s a Level Four emergency that is being concealed.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Fort Calhoun is probably not a lot like Fukushima - for one thing, the reactor itself is shut down, so the danger is mostly with spent fuel rods, rather than a meltdown of the reactor itself. Not that fuel rods can’t melt down too - they can. But if something happened, we should be told, right?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Some independent sources reported a fire in an electrical switch room at the plant on Tuesday that shut down the cooling pumps&lt;/strong&gt;. The accident was corrected in about 90 minutes and there was no large increase in temperature at the pool. So no big deal, right?&lt;br /&gt;&lt;br /&gt;Well, the weather report for Nebraska says rain Wednesday (when I wrote this) and a lot more on the weekend. &lt;strong&gt;Levees are being breached, dams are overflowing, there’s still a tornado threat, some residents are being evacuated, and the river is still rising&lt;/strong&gt;. So maybe it is a big deal.&lt;br /&gt;&lt;br /&gt;An &lt;em&gt;Associated Press&lt;/em&gt; investigation concluded that &lt;strong&gt;radioactive tritium has escaped from about three-quarters of our commercial nuclear power plants. The weak spot in most nuclear plants are pipes, and pipes have a habit of leaking or bursting.&lt;/strong&gt; They believe that when most plants fail to meet standards, the government just lowers the standards or chooses to not enforce them. Isn’t that a comforting thought?&lt;br /&gt;&lt;br /&gt;We have a nuclear plant close to us at Indian Point, New York, which was erected near two earthquake fault lines. Whoops.&lt;br /&gt;&lt;br /&gt;In Japan, the internet gave us more reliable news than the mainstream media, and a lot sooner too. The &lt;em&gt;Hawaii News Daily&lt;/em&gt; was reporting on this accident since June 14, but regular media seem slow or unwilling to investigate. For example, early CNN reporting mentioned a flooding risk to their stadium but never mentioned the nuclear power plant. So, is this a National Enquirer style false panic story, or a real conspiracy theory full scale news event? I guess we’ll find out by next week. &lt;strong&gt;You can’t hide something like this forever&lt;/strong&gt;. (Editor's &lt;strong&gt;bold&lt;/strong&gt; emphasis throughout) Japan tried, and failed. Until then, carry an umbrella, and maybe a Geiger counter.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Marvin Wolf is a Newark attorney and a regular contributor to Local Talk. This article provides legal information, news, satire, and individual opinion, but not legal advice. Mr. Wolf can be contacted through his office at (973) 735-2740 or his website www.wolfprotect.com.&lt;/em&gt;&lt;br /&gt;&lt;em&gt;&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;&lt;br /&gt;&lt;/em&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-637398687943437674?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/637398687943437674/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=637398687943437674&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/637398687943437674'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/637398687943437674'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/what-fukushima-is-going-on-in-omaha.html' title='What The Fukushima Is Going On In Omaha?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-194002237795804870</id><published>2011-06-27T12:08:00.004-05:00</published><updated>2011-06-27T12:38:58.991-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Libyan War'/><category scheme='http://www.blogger.com/atom/ns#' term='NATO'/><category scheme='http://www.blogger.com/atom/ns#' term='Gaddafi'/><category scheme='http://www.blogger.com/atom/ns#' term='Webster Tarpley'/><title type='text'>Webster Tarpley Reporting from Tripoli</title><content type='html'>Alex Jones today interviewed Dr. Webster Tarpley who has been in Libya for the past several days. Tarpley is now in Tripoli documenting the devastation being brought about by NATO bombing sorties.&lt;br /&gt;&lt;br /&gt;Tarpley contends that several million Libyans are strongly in support of Moamar Goddafi who has armed them with AK-47's, rocket propelled grenade launchers and other munitions. Gaddafi's millions of supporters according to Tarpley will fight to repel any attempt on the part of NATO to introduce ground troops.&lt;br /&gt;&lt;strong&gt;________________________________________________&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Britain Looks at Sending Libyan Occupation Force &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Kurt Nimmo&lt;br /&gt;&lt;em&gt;&lt;a href="http://infowars.com/"&gt;Infowars.com&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;June 27, 2011&lt;br /&gt;&lt;br /&gt;Britain is preparing to send troops to Libya after Col. Gaddafi is killed or removed, the Mirror reports today. British PM Cameron will have no other options, according to an unnamed source in the government.&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/ivru2PLoRvk?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/ivru2PLoRvk?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;&lt;br /&gt;Sending ground troops to Libya would turn country into hell, experts warn.&lt;br /&gt;&lt;br /&gt;“I always find myself getting to my knees and praying to God that we don’t bomb Gaddafi that night because what the f— would we do next?” said the source. “We may simply have to, whatever the international reaction. But we would have to make it absolutely clear there was a strict timetable, say six weeks.”&lt;br /&gt;&lt;br /&gt;On Sunday, British Defense Secretary Liam Fox said nobody in the government said the campaign against Gaddafi would be “short and sharp.” On June 21, PM Cameron said Britain will continue its military campaign in Libya as long as needed.&lt;br /&gt;&lt;br /&gt;“I’m absolutely confident that we can keep this pressure up, we can maintain this mission for as long as is necessary,” Cameron told a news conference, according to &lt;em&gt;Reuters&lt;/em&gt;.&lt;br /&gt;&lt;br /&gt;Obama also said the military attack on Libya would last as long as the NATO and the United States deemed necessary. During a speech at Westminster Hall on May 26, Obama described the operation in Libya as an example of how the alliance between the U.K. and the U.S. remains the “greatest catalyst for global action.”&lt;br /&gt;&lt;br /&gt;In March, Obama said the “kinetic action” in Libya would last “days, not weeks.” June 19 marked 90 days the U.S. has been involved in an attempt to impose regime change on the country. So far, the U.S. has spent more than $750 million on the effort.&lt;br /&gt;&lt;br /&gt;In April, Britain sent senior military officers to advise the opposition, including elements of al-Qaeda. In May, it was reported that former British SAS soldiers and other western employees of private security companies were on the ground in Libya directing the effort against Gaddafi.&lt;br /&gt;&lt;br /&gt;Early in the manufactured conflict, the U.S. sent Special Forces to Libya along with British and French “defense advisers.” In a special report published by the Pakistan Observer, a Libyan diplomat in the region said “the three Western states have landed their ‘special forces troops in Cyrinacia and are now setting up their bases and training centers’ to reinforce the rebel forces who are resisting pro-Qaddafi forces in several adjoining areas.”&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-194002237795804870?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/194002237795804870/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=194002237795804870&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/194002237795804870'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/194002237795804870'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/webster-tarpley-reporting-from-tripoli.html' title='Webster Tarpley Reporting from Tripoli'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-3192752973788458033</id><published>2011-06-27T08:12:00.003-05:00</published><updated>2011-06-27T08:21:19.361-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Fukushima Nuclear Disaster'/><category scheme='http://www.blogger.com/atom/ns#' term='Nuclear Melt-down'/><category scheme='http://www.blogger.com/atom/ns#' term='Fort Calhoun'/><title type='text'>American Fukushima Developing?</title><content type='html'>&lt;strong&gt;Nuclear Station Berm Collapses &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;By Ron Freeman &lt;br /&gt;&lt;a href="http://www.opednews.com/articles/Nuclear-Station-Berm-Colla-by-Ron-Freeman-110626-361.html"&gt;opednews.com&lt;/a&gt;&lt;br /&gt;June 26, 2011 at 17:02:23 &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;A 2,000 foot berm, protecting the Ft. Calhoun (Nebraska) Nuclear Power Plant collapsed around 1:30 AM Sunday morning&lt;/strong&gt;. As usual, the Officials state "not to worry" everything is just fine. The headline on the &lt;em&gt;Omaha World Herald&lt;/em&gt; Sunday edition is "Flooding: The worst is yet to come". In this article, the Army Corps of Engineers state that less than 1/3 of the upstream water has been released and heavy rains continue. NRC Chairman Gregory Jaczko will visit the plant Monday.&lt;br /&gt;&lt;br /&gt;The dams holding back the flood waters on the longest river in the United States are under unprecedented stress. For a very good report on the problems that are coming into play, see the following video:&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/LrKy_81KBec?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/LrKy_81KBec?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;&lt;br /&gt;Brig. Gen. John McMahon, commander of the corps' Northwestern &lt;br /&gt;Division stated "It's going to be a devastating season in terms of how the levees do" In other words, &lt;strong&gt;levees are failing every day and this will only get worse&lt;/strong&gt;. New sections of Interstate 29 have been closed and US Highway 30 is close to being closed, due to a levee failure on Saturday. In some cases, one has to travel in excess of 100 miles to find a bridge or road open to cross the Missouri River.&lt;br /&gt;&lt;br /&gt;As I stated in a previous article, the Ft. Calhoun Nuclear Plant is in danger only if the river experiences a sudden surge of perhaps ten feet. &lt;strong&gt;No one can (or will) state that one or more of the dams upstream are not going to experience a catastrophic collapse.&lt;/strong&gt; As stated in the You Tube video, if this happens, it will be the most expensive disaster in American History. &lt;strong&gt;Should a dam burst, the wall of water coming down the Missouri River would wash away two nuclear power stations&lt;/strong&gt;. An event no one can fathom. The Missouri River dams constitute the largest system of reservoirs in the United States.&lt;br /&gt;&lt;br /&gt;We continue to receive heavy rains, both in Nebraska and all the way into Montana, which is just as bad. It all has to go into the Missouri River. On Saturday AM, parts of Omaha received 3 inches of rain; more is forecast for Sunday night and Monday.&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/yYD4f589HJY?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/yYD4f589HJY?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-3192752973788458033?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/3192752973788458033/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=3192752973788458033&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/3192752973788458033'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/3192752973788458033'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/american-fukushima-developing.html' title='American Fukushima Developing?'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-3823836038858901670</id><published>2011-06-26T18:46:00.001-05:00</published><updated>2011-06-26T18:53:37.159-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='US Foreign Bases'/><category scheme='http://www.blogger.com/atom/ns#' term='SOFA&apos;s'/><category scheme='http://www.blogger.com/atom/ns#' term='US Imperialism'/><category scheme='http://www.blogger.com/atom/ns#' term='US Empire'/><title type='text'>Permanent U.S. Iraq and Afghanistan Occupations Planned</title><content type='html'>Stephen Lendman &lt;br /&gt;&lt;em&gt;&lt;a href="http://www.infowars.com/permanent-u-s-iraq-and-afghanistan-occupations-planned/"&gt;Infowars&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;June 24, 2011&lt;br /&gt;&lt;br /&gt;Nothing reveals Washington’s imperial agenda better than its global empire of bases. Sixty-six years post-WW II, America maintains dozens in Germany, Japan, Italy, and South Korea alone.&lt;br /&gt;&lt;br /&gt;In total, known Pentagon bases way exceed 1,000, as well as perhaps hundreds of other shared and secret ones in about 150 countries on every continent despite no enemies anywhere justifying them.&lt;br /&gt;&lt;br /&gt;In his 2006 book, “Nemesis: The Last Days of the American Republic,” Chalmers Johnson discussed the known numbers at the time by size and branch of service. He also highlighted the fallout, including oppressive noise, pollution, environmental destruction, expropriation of valuable public and private land, and drunken, disorderly, abusive soldiers committing rape, murder, and other crimes, often unpunished under provisions of US-imposed Status of Forces Agreements (SOFAs).&lt;br /&gt;&lt;br /&gt;Currently, Pentagon bases infest Middle East/North African/Central Asian countries. In fact, at least 88 dot Iraq alone, including:&lt;br /&gt;&lt;br /&gt;– permanent, city-sized Main Operating Bases (MOBs); for example, Balad Air Base in northern Iraq covers 16 square miles plus another 12-mile security perimeter; these are large and permanent, have extensive infrastructure, command and control headquarters, accommodations for families in combat-free areas, hospitals, schools, recreational facilities, and nearly everything found in US cities; similar MOBs include Camp Adder in southern Iraq, Al-Asad Air Base in the west, and Victory Base Complex, compromising nine bases, including Camp Victory around Baghdad’s International Airport;&lt;br /&gt;&lt;br /&gt;– Forward Operating Sites (FOSs), also major but smaller than MOBs; and&lt;br /&gt;&lt;br /&gt;– Cooperative Security Locations (CLSs) – smaller facilities to preposition weapons, munitions, and modest troop numbers.&lt;br /&gt;&lt;br /&gt;These type bases span Afghanistan, besides ongoing expansion and construction of major facilities for permanent occupation.&lt;br /&gt;&lt;br /&gt;Known major sites include Bagram, Kandahar, and Mazar-e-Sharif air bases. Frontline airfields include Herat, Jalalabad, and a dozen or more others, besides hundreds of large and smaller Pentagon facilities according to Tomdispatch.com writer Nick Turse in his February 10, 2010 article titled, “Totally Occupied: 700 Military Bases Spread Across Afghanistan.”&lt;br /&gt;&lt;br /&gt;Citing “official sources,” he said a “base-building boom” began in 2009 for US and Afghan forces. It’s ongoing for permanent occupation, including a new Camp Leatherneck and Camp Bastion 11,500 foot all-weather concrete/asphalt runway and air traffic control tower, as well as a Shindand Air Field 9,000 foot runway completed last December. Moreover, spare parts and other supplies have been stockpiled for permanency, not departure, Obama’s withdrawal duplicity notwithstanding. More about it below.&lt;br /&gt;&lt;br /&gt;Washington, in fact, came to Iraq and Afghanistan to stay. Doing so confirms a hostile presence occupied populations detest, including angry South Koreans and Japanese against continued US occupation. In less developed countries, social movements want America pushed back or expelled altogether to regain their sovereign independence, free from US imperial wars, injustice, fallout, and shame when their own nations participate.&lt;br /&gt;&lt;br /&gt;Last February, puppet president Karzai confirmed Washington’s demand for permanent bases, claiming they’re in Afghanistan’s interest. In fact, US and other NATO leaders agreed on a “transition strategy” last year in Lisbon to hand over control to Afghan forces by 2014. At the time, vice president Biden called it a “drop dead date.” He lied. So did Obama like he did earlier, saying withdrawing US forces would begin in July 2011.&lt;br /&gt;&lt;br /&gt;In December 2009, Obama announced 30,000 more troops for Afghanistan to enable withdrawals beginning in 18 months, insisting at the time America has no permanent occupation plans. He lied again like he’s repeatedly done throughout his tenure, knowing America came to Iraq and Afghanistan to stay.&lt;br /&gt;&lt;br /&gt;Moreover, when he took office in January 2009, 34,000 troops were in Afghanistan. By December, he tripled the number to 100,000. Cutting back incrementally by a third if, in fact, done, will still leave double the force in place from when his tenure began.&lt;br /&gt;&lt;br /&gt;Nonetheless, on June 22, he addressed the nation, saying:&lt;br /&gt;&lt;br /&gt;“(S)tarting next month, we will be able to remove 10,000 of our troops from Afghanistan by the end of this year, and we will bring home a total of 33,000 by next summer (to let) Afghan security forces (take) the lead. Our mission will change from combat to support. By 2014, this process of transition will be complete….”&lt;br /&gt;&lt;br /&gt;False! A large US presence will remain permanently. Drone and other air attacks will continue, killing civilians called militants. Obama’s duplicity is politically motivated with November 2012 in mind to assure enough support for reelection despite falling approval ratings.&lt;br /&gt;&lt;br /&gt;War-weary Americans, in fact, are increasingly burdened during economic hard times. As a result, polls show growing opposition to conflicts. Congressman Dennis Kucinich said “Things are falling apart at home while we (keep) searching the world looking for dragons to slay.”&lt;br /&gt;&lt;br /&gt;Pollster Peter Brown added:&lt;br /&gt;&lt;br /&gt;“I do not think there is any doubt (that) Afghanistan, the involvement in Iraq, and now (in) Libya has for many Americans raised questions about the wisdom of these policies.”&lt;br /&gt;&lt;br /&gt;The Brookings Institution’s Stephen Hess explained that “(a) trio of wars is not exactly what Americans are interested in at this time when they have a very full platter of problems at home,” harming them gravely.&lt;br /&gt;&lt;br /&gt;In fact, when unpopular wars take precedence over pocket book issues, people react angrily, perhaps enough to deny Obama a second term if conditions deteriorate more between now and November 2012.&lt;br /&gt;&lt;br /&gt;Obama also bogusly claimed significant Afghanistan gains, saying “we’ve inflicted serious losses on the Taliban and taken a number of its strongholds….(T)he tide of war is receding (and) the light of a secure peace can be seen in the distance” when it’s nowhere in sight in an endless cauldron of death and destruction, affecting US forces like Afghans.&lt;br /&gt;&lt;br /&gt;In fact, according to a US Army colonel wishing to remain anonymous, telling Time magazine:&lt;br /&gt;&lt;br /&gt;“The mendacity is getting so egregious that I am fast losing the ability to remain quiet. These yarns of ‘significant progress’ are being covered up by the blood and limbs of hundreds – HUNDREDS – of American uniformed service members each and every month, and you know that the rest of this summer is going to see the peak of that bloodshed.”&lt;br /&gt;&lt;br /&gt;He added that America’s ability to achieve a secure handover to Afghan forces is “sheer madness, and so far as I can tell, in the mainstream media and reputable publications, it is going almost entirely without challenge.” Moreover, the same holds for Pakistan where drone kills enrage people to resist, perpetuating endless conflict.&lt;br /&gt;&lt;br /&gt;After a decade of war and occupation, in fact, America won’t admit it lost and leave. Instead, massive bloodshed continues to create the illusion of progress Obama hopes will help reelect him, mindless that what matters most are pocket book issues, especially when during hard times they go begging.&lt;br /&gt;&lt;br /&gt;June 7 – 9 Zogby International polling numbers reflect growing voter disapproval, showing 43% approve Obama’s performance. Only 38% say he deserves reelection. Besides domestic issues, it reflects growing disenchantment with endless wars, including against Libya that most Americans oppose.&lt;br /&gt;&lt;br /&gt;Once closer to November 2012, force-fed austerity to finance them may cost sitting politicians their jobs, even Obama if voters think he spurned them when they most need help. For beleaguered Iraqis and Afghans, however, it hardly matters if America came to stay.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;A Final Comment&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Controlling Eurasia’s vast oil and gas reserves explains why America plans permanent Iraq and Afghanistan occupations, terror bombs Libya, and heads toward possible general war by threatening Syria, Iran, and perhaps other states to fuel its insatiable military-industrial appetite.&lt;br /&gt;&lt;br /&gt;Washington’s strategy also includes encroaching close to Russian and Chinese borders to diminish their military and economic challenge, as well as potential greater dominance by establishing closer ties, thereby weakening America.&lt;br /&gt;&lt;br /&gt;The policy is fraught with dangers, the same ones Barbara Tuchman explained in her 1962 book, “The Guns of August,” on how WW I began and its early weeks. Once started, things spun out of control with cataclysmic consequences, including over 20 million dead, many millions wounded, and a generation of young men lost before it ended.&lt;br /&gt;&lt;br /&gt;As a result, igniting another global conflict should give everyone pause, including militarists and war profiteers sacrificing sanity, security, and prosperity for inconsequential ephemeral gains by comparison.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-3823836038858901670?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/3823836038858901670/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=3823836038858901670&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/3823836038858901670'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/3823836038858901670'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/permanent-us-iraq-and-afghanistan.html' title='Permanent U.S. Iraq and Afghanistan Occupations Planned'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-8461110466318609472</id><published>2011-06-26T16:06:00.002-05:00</published><updated>2011-06-26T16:24:10.679-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Greek Austerity Plan'/><category scheme='http://www.blogger.com/atom/ns#' term='IMF'/><category scheme='http://www.blogger.com/atom/ns#' term='Greek Economic Crisis'/><category scheme='http://www.blogger.com/atom/ns#' term='International Bankers'/><category scheme='http://www.blogger.com/atom/ns#' term='Criminal Greek Privatizations'/><title type='text'>Webster Tarpley on how the Bankers Plan to use Greece as an Example.</title><content type='html'>&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/ZdPdi4r5ono?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/ZdPdi4r5ono?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;&lt;u&gt;Tarpley Says:&lt;/u&gt;&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;--Prime Minister Popandreau must go.&lt;br /&gt;--The 26 billion Euro's of Greek Spending Cuts planned are immoral.&lt;br /&gt;--The 50 billion Euro's&amp;nbsp;that bankers have sited represent a radical criminal privatization, an IMF extortion of private property.&amp;nbsp;It&amp;nbsp;is robbery, theft and extortion.&lt;br /&gt;--Greeks must vote against this new brutal Austerity. The debt cannot be paid.&lt;br /&gt;--Greeks must Negotiate Immediate Unconditional Debt Moratorium.&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/nEeK_X73BpU?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/nEeK_X73BpU?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-8461110466318609472?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/8461110466318609472/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=8461110466318609472&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8461110466318609472'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/8461110466318609472'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/webster-tarpley-on-how-bankers-plan-to.html' title='Webster Tarpley on how the Bankers Plan to use Greece as an Example.'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-5413786553284166600</id><published>2011-06-26T10:26:00.001-05:00</published><updated>2011-06-26T16:08:13.409-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Helen Caldicott'/><category scheme='http://www.blogger.com/atom/ns#' term='Fukushima Nuclear Disaster'/><category scheme='http://www.blogger.com/atom/ns#' term='Chernobyl'/><title type='text'>Over a Million Deaths So Far from Chernobyl</title><content type='html'>Dr. Helen Caldicott on&amp;nbsp;the Fukushima Catastrophe&lt;br /&gt;&lt;br /&gt;&lt;object style="height: 390px; width: 640px;"&gt;&lt;param name="movie" value="http://www.youtube.com/v/TMXvpWoHzeE?version=3"&gt;&lt;param name="allowFullScreen" value="true"&gt;&lt;param name="allowScriptAccess" value="always"&gt;&lt;embed src="http://www.youtube.com/v/TMXvpWoHzeE?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"&gt;&lt;/object&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-5413786553284166600?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/5413786553284166600/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=5413786553284166600&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5413786553284166600'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5413786553284166600'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/over-million-deaths-so-far-from.html' title='Over a Million Deaths So Far from Chernobyl'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-5782610198033684564</id><published>2011-06-25T07:57:00.001-05:00</published><updated>2011-06-25T07:59:34.490-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Military Spending'/><category scheme='http://www.blogger.com/atom/ns#' term='Black Budgets'/><category scheme='http://www.blogger.com/atom/ns#' term='US Empire'/><category scheme='http://www.blogger.com/atom/ns#' term='US Militarism'/><title type='text'>The Military as a Jobs Program: There are More Efficient Ways to Stimulate the Economy</title><content type='html'>By Ellen Brown&lt;br /&gt;&lt;em&gt;&lt;a href="http://www.globalresearch.ca/index.php?context=va&amp;amp;aid=25361"&gt;Global Research&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;June 22, 2011 &lt;br /&gt;&lt;br /&gt;"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. . . . We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people."&lt;br /&gt;&lt;em&gt;&lt;span style="font-size: x-small;"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/span&gt;&lt;/em&gt;&lt;em&gt;&lt;span style="font-size: x-small;"&gt;&amp;nbsp;–Dwight David Eisenhower, "The Chance for Peace," speech given to the&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; American&amp;nbsp;Society of Newspaper Editors, Apr. 16, 1953&lt;/span&gt;&lt;/em&gt;&lt;br /&gt;&lt;span style="font-size: x-small;"&gt;&lt;br /&gt;&lt;/span&gt;&lt;br /&gt;In a &lt;em&gt;Wall Street Journal&lt;/em&gt; editorial on June 8 bemoaning the failure of the Obama stimulus package, Martin Feldstein wrote:&lt;br /&gt;&lt;br /&gt;"Experience shows that the most cost-effective form of temporary fiscal stimulus is direct government spending. The most obvious way to achieve that in 2009 was to repair and replace the military equipment used in Iraq and Afghanistan that would otherwise have to be done in the future.　But the Obama stimulus had nothing for the Defense Department."&lt;br /&gt;&lt;br /&gt;You can’t make this stuff up. The most obvious way to stimulate the economy is to replace military equipment? And the Obama stimulus had nothing for the Defense Department? When veterans’ benefits and other past military costs are factored in, the military now devours half the U.S. budget. If military spending is such a cost-effective stimulus, why have the trillions poured into it in the last decade left the economy reeling? &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;The military is the nation’s largest and most firmly entrenched entitlement program, one that takes half of every tax dollar&lt;/strong&gt;. Even if "national security" is considered our number one priority (a dubious choice when the real unemployment rate is over 16%), estimates are that the military budget could be cut in half or more and we would still have the most powerful military machine in the world. Our enemies (if any) are now "terrorists," not countries; and what is needed to contain them (if anything) is local policing, not global warfare. Much of our military hardware is just good for "shock and awe," not needed for any "real and present danger."&lt;br /&gt;&lt;br /&gt;Military spending is the very essence of "built-in obsolescence": it turns out products that are designed to blow up. &lt;strong&gt;The military is not subject to ordinary market principles but works on a "cost-plus" basis,&lt;/strong&gt; with producers reimbursed for whatever they have spent plus a guaranteed profit. Gone are the usual competitive restraints that keep capitalist corporations "lean and mean." Private contractors hired by the government on no-bid contracts can be as wasteful and inefficient as they like and still make a tidy profit. Yet legislators looking to slash wasteful "entitlements" persist in overlooking this obvious elephant in the room. &lt;br /&gt;&lt;br /&gt;The reason massive &lt;strong&gt;military spending is&lt;/strong&gt; considered the most "obvious" way to produce a fiscal stimulus is simply that it is &lt;strong&gt;the only form of direct government spending that gets a pass from the deficit hawks.&lt;/strong&gt; The economy is desperate to get money flowing through it, and today only the government is in a position to turn on the spigots; but there is a tourniquet on government spending. That is true for everything but the military, the only program on which the government is allowed to spend seemingly without limit, often even without oversight. &lt;br /&gt;&lt;br /&gt;Chalmers Johnson estimated in 2004 that &lt;strong&gt;as much as 40% of the Pentagon budget is "black," meaning hidden from public scrutiny&lt;/strong&gt;. The black budget is so top secret that Congress itself is not allowed to peer in and haggle over the price. Democratic control of the military has broken down. The military is being used for purposes that even Congress is not allowed to know, much less vote on. &lt;strong&gt;The U.S. is no longer a constitutional republic but is a national security state. &lt;/strong&gt;Foreign policy is determined behind closed doors by powerful private interests that use our military presence abroad to secure their access to cheap labor, markets and resources. At least, we assume that is what is going on. A declared objective of U.S. military policy is "full spectrum dominance." That could well mean dominance over the American people along with everyone else. &lt;br /&gt;&lt;br /&gt;Why is the military’s half of the pie sacrosanct? Wasteful and unnecessary military programs get a pass from legislators because the military is also our largest and most secure jobs program, one that has penetrated into the nooks and crannies of Every Town U.S.A. If it were disbanded, the economy would be crippled by soaring unemployment, plant closures, and bankruptcies. Bruce Gagnon, coordinator of the Global Network Against Weapons and Nuclear Power, writes:&lt;br /&gt;&lt;br /&gt;"Most politicians understand . . . that &lt;strong&gt;weapons production is currently the number one industrial export product of the U.S&lt;/strong&gt;. They know that major industrial job creation is largely coming from the Pentagon. Thus most politicians, from both parties, want to continue to support the military industrial complex gravy train for their communities."&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;That explains why the country seems to be permanently at war&lt;/strong&gt;. If we had peace, the war machine would be out of a job. Every year since World War II, the U.S. has been at war somewhere. It has been said that if we didn’t have a war to fight, we would have to create one just to keep the war business going. &lt;strong&gt;We have a military empire of over 800 bases around the world&lt;/strong&gt;. What is to become of them when the lion lies down with the lamb and peace reigns everywhere?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Military Conversion&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Fortunately, there is a way to solve these problems without maintaining a perpetual state of war: &lt;strong&gt;keep the jobs but convert them to civilian use&lt;/strong&gt;. Military conversion is a well thought-out program that could provide real economic stimulus and national security for people here and abroad. Existing military bases, laboratories, and production facilities can be converted to civilian uses. Bases can become industrial parks, schools, airports, hospitals, recreation facilities, and so forth. Converted factories can produce consumer and capital goods: machine tools, electric locomotives, farm machinery, oil field equipment, construction machinery for modernizing infrastructure. &lt;br /&gt;&lt;br /&gt;&lt;strong&gt;It has been done before.&lt;/strong&gt; According to Lloyd Dumas inThe Socio-economic Conversion from War to Peace (1995): &lt;br /&gt;&lt;br /&gt;"At the end of World War II, . . . a large fraction of the nation's output had to be moved from military to civilian production. . . . Some 30 percent of U.S. output was transferred in one year without the unemployment rate ever rising above 3 percent. This experience made it clear that &lt;strong&gt;it is possible to redirect enormous amounts of productive resources from military to civilian activity&lt;/strong&gt; without intolerable economic disruption."&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;In the early 19th century, when we had no major wars to fight, the U.S. military was turned into a civil service that built infrastructure for the nation. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;A successful modern example is the　United States Army Corps of Engineers　(USACE), the world's largest public engineering, design and construction management　agency. Its mission is to provide vital public engineering services to strengthen the nation's security, energize the economy, and reduce risks from disasters. Generally associated with dams, canals and flood protection in the United States, USACE is involved in a wide range of public works both here and abroad. The Corps of Engineers provides 24% of U.S. hydropower capacity and is engaged in environmental regulation and ecosystem restoration, among other useful projects. &lt;br /&gt;&lt;br /&gt;The late Seymour Melman, a professor at Columbia University, wrote extensively for fifty years on "economic conversion", the ordered transition from military to civilian production by military industries and facilities. He showed that a carefully designed conversion program could create more jobs than the war machine sustains now. &lt;strong&gt;The military actually destroys jobs in the civilian economy. The higher profits from cost-plus military manufacturing cause manufacturers to abandon more competitive civilian endeavors&lt;/strong&gt;; and the permanent war economy takes engineers, capital and resources away from civilian production. &lt;br /&gt;&lt;br /&gt;Bruce Gagnon writes:&lt;br /&gt;&lt;br /&gt;"Across the nation colleges and universities are turning to the Pentagon for greater research funding as Congress and successive administrations have cut back on scientific research and development investment. As this trend worsens we find growing evidence that engineering, computer science, astronomy, mathematics, and other departments are becoming "militarized" in order to maintain funding levels."　&lt;br /&gt;&lt;br /&gt;This research and production is not easily transferable to civilian use, since it has been designed for tasks that are radically different from civilian needs. And because we have put so many resources into military production, we have fallen behind industrially. &lt;br /&gt;&lt;br /&gt;A 2007 study by Robert Pollin and Heidi Garrett-Peltier of the University of Massachusetts found that government investment in education creates twice as many jobs as investment in the military. &lt;strong&gt;Spending on personal consumption, health care, education, mass transit, and construction for home weatherization and infrastructure repair all were found to create more jobs per $1 billon in expenditures than military spending does. &lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Clearly, the half of the budget now going to military pursuits could be better spent. If we are going to double exports in the next five years, as President Obama has pledged, we will need to divert some of the resources poured down the black hole of war to productive civilian industry.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5090441192101088227-5782610198033684564?l=moralphilosophyofcurrentevents.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://moralphilosophyofcurrentevents.blogspot.com/feeds/5782610198033684564/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=5090441192101088227&amp;postID=5782610198033684564&amp;isPopup=true' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5782610198033684564'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5090441192101088227/posts/default/5782610198033684564'/><link rel='alternate' type='text/html' href='http://moralphilosophyofcurrentevents.blogspot.com/2011/06/military-as-jobs-program-there-are-more.html' title='The Military as a Jobs Program: There are More Efficient Ways to Stimulate the Economy'/><author><name>Dr. J. P. Hubert</name><uri>http://www.blogger.com/profile/06310093961506119843</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5090441192101088227.post-8967636078392340538</id><published>2011-06-24T13:09:00.000-05:00</published><updated>2011-06-24T13:09:54.298-05:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Food Prices'/><category scheme='http://www.blogger.com/atom/ns#' term='Commodities'/><category scheme='http://www.blogger.com/atom/ns#' term='Inflation Rate'/><title type='text'>Why Are Food Prices Rising So Fast?</title><content type='html'>&lt;em&gt;&lt;a href="http://theeconomiccollapseblog.com/archives/why-are-food-prices-rising-so-fast"&gt;The Economic Collapse&lt;/a&gt;&lt;/em&gt;&lt;br /&gt;June 24, 2011&lt;br /&gt;&lt;br /&gt;If you do much grocery shopping, you have probably noticed that the cost of food has been rising at a very brisk pace over the past year. So why are food prices rising so fast? According to Federal Reserve Chairman Ben Bernanke, inflation is still very low and the economy is improving. So what is going on here? When I go to the grocery store these days, there are very few things that I will buy unless they are on sale. In fact, &lt;strong&gt;I have noticed that many of the new "sale prices" are the old regular prices. Other items have had their packages reduced in size in order to hide the price increases&lt;/strong&gt;. But with millions of American families just barely scraping by as it is, what is going to happen if food prices keep rising this rapidly?&lt;br /&gt;&lt;br /&gt;The food prices are especially painful if you are trying to eat healthy. Most of the low price stuff in the grocery stores is garbage. Eating the "typical American diet" is a highway to cancer, heart disease and diabetes.&lt;br /&gt;&lt;br /&gt;But if you try to stick to food that is "healthy" or "organic" you can blow through hundreds of dollars in a heartbeat. In fact, the reality is that tens of millions of American families have now essentially been priced out of a healthy diet.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Soon there will be millions more American families that will not even be able to afford an unhealthy diet.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;Some recent statistics compiled by the Bureau of Labor Statistics are absolutely staggering. According to a recent CNBC article, over the past year &lt;strong&gt;many of the most popular foods in America have absolutely soared in price....&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;Coffee, for instance, is up 40 percent. Celery is 28 percent higher while butter prices rose 26.4 percent. Rounding out the top five are bacon, at 23.5 percent, and cabbage, at 23.3 percent.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Unfortunately, it looks like the trend of rising food prices is accelerating&lt;/strong&gt;. Just look at what the CNBC article says happened in the month of April alone....&lt;br /&gt;&lt;br /&gt;Just in April—the most recent month for which data is available—grapes went up nearly 30 percent, cabbage jumped about 17 percent and orange juice surged more than 5 percent.&lt;br /&gt;&lt;br /&gt;Meat is becoming more expensive as well. Since March 2009, livestock prices have risen by 138%.&lt;br /&gt;&lt;br /&gt;So &lt;strong&gt;when Ben Bernanke tells us that inflation is very low, that really is a lie. On the stuff that people spend money on every day (like food and gas), prices have gone up dramatically&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;Sadly, this is not just a phenomenon that is happening in the United States. The truth is that &lt;strong&gt;the entire planet is rapidly approaching a horrific global food crisis.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;Over the past year, the global price of food has risen by 37 percent and this has pushed approximately 44 million more people around the world into poverty.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;When food prices rise in the U.S. it may be painful for millions of American families, but around the world a rise in food prices can mean the difference between surviving and not surviving.&lt;br /&gt;&lt;br /&gt;That is why it has been so alarming that &lt;strong&gt;the global price of wheat has approximately doubled over the past year.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;But it is not just wheat that has been soaring. Check out what a recent &lt;em&gt;Bloomberg&lt;/em&gt; article had to say about what has been happening to many key agricultural commodities over the past year....&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Corn futures advanced 77 percent&lt;/strong&gt; in the past 12 months in Chicago trading, a global benchmark, rice gained 39 percent and &lt;strong&gt;sugar jumped 64&lt;/strong&gt; &lt;strong&gt;percent.&lt;/strong&gt; There will be shortages in corn, wheat, soybeans, coffee and cocoa this year or next, according to Utrecht, Netherlands-based Rabobank Groep. Prices also rose after droughts and floods from Australia to Canada ruined crops last year. European farmers are now contending with their driest growing season in more than three decades.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Even before this recent spike in food prices the world was struggling to get enough food to everybody&lt;/strong&gt;. It has been estimated that somewhere in the world someone starves to death every 3.6 seconds, and 75 percent of those are children under the age of five.&lt;br /&gt;&lt;br /&gt;So what is going to happen if food prices keep on rising at the current pace?&lt;br /&gt;&lt;br /&gt;That is a very good question.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;We really are starting to move into unprecedented territory. Nobody is quite sure what is going to happen next&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;So why is all of this happening?&lt;br /&gt;&lt;br /&gt;Well, a lot of people are blaming the Federal Reserve. &lt;strong&gt;All of the "quantitative easing" that the Fed has done has flooded the financial markets with money. All of that money had to go somewhere. Much of it has pumped up the prices of hard assets such as oil, gold and agricultural commodities.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;But &lt;strong&gt;it is not just the Fed that is to blame. The truth is that central banks all over the world have been recklessly printing money.&lt;/strong&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;When the amount of money in an economy goes up, the purchasing value of all existing money goes down&lt;/strong&gt;. In the United States, that means that your dollars will not go as far as they did before.&lt;br /&gt;&lt;br /&gt;But it is not just monetary policy that is affecting food prices. In 2010 and 2011 &lt;strong&gt;we have seen an unprecedented wave of natural disasters and crazy weather. This has caused problems with crops all over the globe&lt;/strong&gt;.&lt;br /&gt;&lt;br /&gt;In addition, U.S. economic policies are also playing a role. At this point, almost a third of all corn grown in the United States is used for fuel. This is putting a lot of stress on the price of corn.&lt;br /&gt;&lt;br /&gt;Also, &lt;strong&gt;there are some long-term trends that are not in our favor&lt;/strong&gt;. For example, the systematic depletion of the Ogallala Aquifer could eventually turn "America's Breadbasket" back into the "Dust Bowl". If you have not heard of this problem I would encourage you to do some research on it.&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Things are going to get a lot worse, but already America is having a really hard time feeding itself&lt;/strong&gt;. According to Feeding America's 2010 hunger study, more than 37 million Americans are now being served by food pantries and soup kitchens.&lt;br /&gt;&lt;br /&gt;So is that number unusual?&lt;br /&gt;&lt;br /&gt;Yes, it sure is.&lt;br /&gt;&lt;br /&gt;The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.&lt;br /&gt;&lt;br /&gt;That is not a good trend.&lt;br /&gt;&lt;br /&gt;Another stat that I talk a lot about in this column is the number of Americans on food stamps.&lt;br /&gt;&lt;br /&gt;Right now, &lt;strong&gt;there are 44 million Americans on food stamps&lt;/strong&gt;. Nearly half of them are children.&lt;br /&gt;&lt;br /&gt;How did we ever get to the point as a nation where more than 20 million children end up on food stamps?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;It is estimated that one out of every four American children is currently on food stamps&lt;/strong&gt;, and it is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.&lt;br /&gt;&lt;br /&gt;So what is going to happen if the economy gets even worse?&lt;br /&gt;&lt;br /&gt;What is going to happen if there really is a major food crisis in this country someday?&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Food prices have been going up for decades and they are going to continue to go up. But the frightening thing is how fast they are increasing now.&lt;/strong&gt;&lt;br /&gt;&lt;strong&gt;&lt;br /&gt;&lt;/strong&gt;&lt;br /&gt;As the U.S. middle class continues to be destroyed, the number of Americans that can't afford to buy enough food is going to continue to rise. &lt;strong&gt;Food prices are rising much faster than wages are, and that is not likely to change any time soon.&lt;/strong&gt;&lt;br /&gt;&l
