Author's posts
Dec 27 2010
World Has Had Enough Of U.S. Imperialism
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and is the author of “Super-Imperialism: The Economic Strategy of American Empire” (1968 & 2003), “Trade, Development and Foreign Debt” (1992 & 2009) and of “The Myth of Aid” (1971).
ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.
Here Hudson talks with The Real News Networks’ Paul Jay about the 800+ empire of military bases the U.S. has established around the globe, about how all of the money that the military spends abroad is spent on foreign economies and is then “siphon[ed] up into the central banks. And the central banks would have nothing to do with these dollars but to keep their currency stable by recycling the dollars into US Treasury bills.” and about how “If it weren’t for the military deficit, America would have had to finance its own domestic budget deficit. It’s been foreigners that are financing the budget deficit.”
Hudson concludes here with the observation that “Now that foreigners are essentially saying, we don’t want any more dollars, we’re not going to fund your deficit, all of a sudden they think: who’s going to fund the deficit if not foreign central banks? The answer is: American labor, the American middle class and working families are going to fund it, not the military.”
The rest of the world has had enough of financing it’s own encirclement and subjugation by the U.S. military.
From here on in it is you who is going to be paying the bill…
Real News Network – December 26, 2010
World Tired of Paying Bill for US Military
Michael Hudson: Major countries looking for alternatives to US dollar
transcript follows
Dec 27 2010
Ex-CIA Spook Calls For “Covert Action” vs. Assange
Two writers with close ties to U.S. intelligence agencies published a shocking article Dec. 22nd in The Miami Herald asserting that WikiLeaks founder Julian Assange is “a narcissistic nut” with “blood on his hands” and President Obama should do “whatever it takes to shut down WikiLeaks.” Without giving a single example of how Assange’s disclosures caused blood to flow, co-authors Thomas Spencer and F. W. Rustmann warn, “No nation can operate without secrets. Unless we adopt an aggressive plan, adopt new tough laws and take immediate action—overt and covert—we face disaster.” The authors go on to state the president should be joined in this suppression of the press by “Congress and our entire intelligence, military and law-enforcement communities” because “(our) lives are depending” on it.
While the above is vaguely worded it does appear that Spencer and Rustmann are calling for “immediate” and “covert” action—to put a stop to Assange’s activities. In short, they appear to be saying Obama & Co. has the right to terminate Assange covertly, that is to say, secretly, and, as the word has come to mean in CIA parlance, “violently” as well. It is no surprise that two writers closely tied to U.S. spy agencies appear to be advocating covert action against Assange, but it is a bit of a shock that the Miami Herald would publish this seeming call for blood.
Pardon me for suspecting this hysterical screech for Assange’s scalp was published with the blessing of the Central Intelligence Agency (CIA). Rustmann spent 24 years as a CIA payroller and was an instructor in its covert training center, so he would know, if anybody, how to stick Assange’s feet into a block of cement and dump him in the Everglades. (Hollywood might even make a movie about it, with Rustmann’s intoning, “He sleeps with the alligators.”) As for Herald co-author Spencer, he is a lawyer who represents intelligence officers and is a Life Member in the Association of Former Intelligence Officers.
Read the rest here:
http://www.antemedius.com/content/ex-cia-spook-calls-covert-action-vs-assange
Dec 26 2010
In Your Face: Spamerican Exceptionalism
A quote for discussion:
Most people can probably remember the moment when they first realised the seductive power and global pervasiveness of American culture.
I had bought a bootleg CD of The Beach Boys’ surfing songs in the remote north-eastern Russian republic of Sakha and had my photograph taken with a goat herder in Djibouti who was wearing a Six Million Dollar Man T-shirt.
It is an extraordinary form of soft power which will endure even if the looming powerhouses of China, India and Brazil come to overshadow America’s global economic dominance.
After all, even when you’re watching a Chinese flat-screen TV and driving an Indian car powered with Brazilian biofuels you almost certainly won’t be wearing Indian-style clothing or humming Chinese pop songs as you go. Or watching Brazilian movies either.
Next time you see television pictures of an anti-American demonstration anywhere on earth look closely at the crowd. Among the flag-burners you’ll almost certainly see someone wearing an LA Lakers shirt or a Yankees baseball cap.
Dec 25 2010
“Dear God, when’s this recession going to end?”
WILTON, CT-Michael Chandler looks out the windows of his sun room, past the swimming pool and guest cottage, to the wide backyard where his two children are playing with their pet dalmatian, Scotty. At a time when Americans everywhere are sharing the struggle of a once-in-a-generation recession, Chandler can’t help but wonder how he and his family fell through the cracks.
“It’s just not fair,” said the 49-year-old real estate developer and grandson of oil baron Duncan Chandler. “Everyone is worrying about an uncertain future and coming together to express their outrage, and I don’t get to be a part of it.”
Staring out at the ornate garden where workers were installing a large marble fountain, Chandler sighed and added, “It’s like I don’t even exist.”
According to the multimillionaire, the past 18 months have been incredibly difficult to endure, as he is often left feeling excluded from an American populace that includes millions who struggle every day to make ends meet. Chandler, who watched helplessly as his enormous fortune easily withstood the market freefall, has been “completely left out” of one of this nation’s most significant cultural moments.
“Everybody’s suffering,” Chandler said. “And here I am, not scrimping and saving at all, with no demoralizing periods of financial hardship, or frantic weeks living paycheck to paycheck. What about me, you know? Where’s my struggle?”
“Everyone’s supposed to get a fair shake at this misery,” Chandler added. “Even incredibly wealthy people of privilege like me.”
[snip]
“Every month they announce tens of thousands of layoffs,” Chandler said, “and every time, I’m not one of them. No matter what I say or do, it’ll never be me. My only memory of this historic point in time will be the prosperity I have always known.”
Added Chandler, “Dear God, when’s this recession going to end?”
Dec 23 2010
The Invisible Hand: Further Adventures in the Territories of Hope
Who wouldn’t agree that our society is capitalistic, based on competition and selfishness? As it happens, however, huge areas of our lives are also based on gift economies, barter, mutual aid, and giving without hope of return (principles that have little or nothing to do with competition, selfishness, or scarcity economics). Think of the relations between friends, between family members, the activities of volunteers or those who have chosen their vocation on principle rather than for profit.
Think of the acts of those — from daycare worker to nursing home aide or the editor of TomDispatch.com — who do more, and do it more passionately, than they are paid to do; think of the armies of the unpaid who are at “work” counterbalancing and cleaning up after the invisible hand and making every effort to loosen its grip on our collective throat. Such acts represent the relations of the great majority of us some of the time and a minority of us all the time. They are, as the two feminist economists who published together as J. K. Gibson-Graham noted, the nine-tenths of the economic iceberg that is below the waterline.
Capitalism is only kept going by this army of anti-capitalists, who constantly exert their powers to clean up after it, and at least partially compensate for its destructiveness. Behind the system we all know, in other words, is a shadow system of kindness, the other invisible hand. Much of its work now lies in simply undoing the depredations of the official system. Its achievements are often hard to see or grasp. How can you add up the foreclosures and evictions that don’t happen, the forests that aren’t leveled, the species that don’t go extinct, the discriminations that don’t occur?
The official economic arrangements and the laws that enforce them ensure that hungry and homeless people will be plentiful amid plenty. The shadow system provides soup kitchens, food pantries, and giveaways, takes in the unemployed, evicted, and foreclosed upon, defends the indigent, tutors the poorly schooled, comforts the neglected, provides loans, gifts, donations, and a thousand other forms of practical solidarity, as well as emotional support. In the meantime, others seek to reform or transform the system from the inside and out, and in this way, inch by inch, inroads have been made on many fronts over the past half century.
The terrible things done, often in our name and thanks in part to the complicity of our silence or ignorance, matter. They are what wells up daily in the news and attracts our attention. In estimating the true make-up of the world, however, gauging the depth and breadth of this other force is no less important. What actually sustains life is far closer to home and more essential, even if deeper in the shadows, than market forces and much more interesting than selfishness.
Dec 22 2010
David Frost interviews Julian Assange
AlJazeeraEnglish | 22 December 2010 | 24 minutes
WikiLeaks founder talks about secrets, leaks and why he will not go back to Sweden.
Dec 22 2010
A Leaker Inside WikiLeaks?
The United States diplomatic cables leak (also known as Cablegate) began on 28 November 2010 when WikiLeaks – an international new media non-profit organisation that publishes submissions of private, secret and classified media from anonymous news sources and news leaks – started to publish classified documents of detailed correspondence between the U.S. State Department and its diplomatic missions around the world, releasing further documents every day.
Five major newspapers around the world have been publishing articles based on the leaks, by agreement with Wikileaks. The publication of the U.S. embassy cables is the third in a series of U.S. classified document “mega-leaks” distributed by WikiLeaks in 2010, following the Afghan War documents leak in July, and the Iraq War documents leak in October. The contents of the cables describe international affairs from 300 embassies dated from 1966-2010, containing diplomatic analysis of world leaders, an assessment of host countries, and a discussion about international and domestic issues.
The first 220 of the 251,287 documents were published on 28 November, with simultaneous press coverage from El PaĆs (Spain), Le Monde (France), Der Spiegel (Germany), The Guardian (United Kingdom), and The New York Times (United States). Over 130,000 of the documents are unclassified, some 100,000 are labeled “confidential”, about 15,000 documents have the higher classification “secret”, and none are classified as “top secret” on the classification scale. As of 16 December 2010, 1,532 individual cables had been released. WikiLeaks plans to release all the cables in phases over several months at a pace of about 80 cables per day. (wikipedia – For the contents of released cables, see Contents of the United States diplomatic cables leak.)
Now, the Norwegian newspaper Aftenposten appears in a short article December 21 to be saying that it has obtained access, absent any agreement with WikiLeaks, to all of the 251,287 “CableGate” documents, and will begin publishing all of them over the coming weeks and months.
Aftenposten publishes only in Norwegian, however a Google English translation of the article reads as follows:
Website Wikileaks has published thousands of secret stamped documents. The latest leak is comprised of documents from the U.S. Foreign Service. Aftenposten has no clauses have access to all the 250,000 documents from the last leak.
[…]
The next days, weeks and months we will go through the massive material, and continuously publish news stories both online and paper.
To make our review more efficient, we would like tips from our readers.
Is there anything you wonder where you think the answer may lie in the messages that have been leaked to Wikileaks?
Tip us on [email protected]
Hat Tip to LodinLepp at DailyKos.
I can almost hear the sounds of desk drawers being hurriedly emptied and running footsteps in the halls of the U.S. State Department, from here…
Australia’s Herald Sun confirms the story today, stating:
Dec 20 2010
Karl Rove Behind Push To Prosecute Assange?
Roger Shuler is a former journalist who, according to his bio at OpEdNews lives in Birmingham, Alabama, and works in ‘higher education’.
Shuler goes on in his bio there to say that “I became interested in justice-related issues after experiencing gross judicial corruption in Alabama state courts. This corruption has a strong political component. The corrupt judges are all Republicans, and the attorney who filed a fraudulent lawsuit against me has strong family ties to the Alabama Republican Party, with indirect connections to national figures such as Karl Rove. In fact, a number of Republican operatives who have played a central role in the prosecution of former Alabama Governor Don Siegelman (a Democrat) also have connections to my case”. Shuler is also author of his blog Legal Schnauzer, where he asked on December 14 Is Karl Rove Driving the Effort to Prosecute Julian Assange?
Today over at RawStory, David Edwards writes that “Former Bush political strategist Karl Rove may be connected to a Swedish effort to prosecute WikiLeaks founder Julian Assange, sources for several legal experts suggest” and that “Rove is a longtime adviser to Swedish Prime Minister Fredrik Reinfeldt, who recently tapped the Republican operative to aid his 2010 reelection campaign”:
Speaking to Legal Schnauzer’s [Roger] Shuler, an unnamed source suggested that Rove is likely “playing a leading role in the effort to prosecute” Assange. The founder of the secrets website was arrested Dec. 7 in London after Sweden issued a warrant for alleged sex crimes
After Assange’s release on bail, Guardian obtained and published leaked details of the allegations against him. A WikiLeaks source told The Australian that the leaked police reports were “a selective smear through the disclosure of material.”
And there’s no coincidence that the charges against Assange originate in Sweden, Shuler’s source said.
For at least 10 years, Rove has been connected to Swedish Prime Minister Fredrik. More recently, Fredrik, who is known as “the Ronald Reagan of Europe,” has contracted Rove to help with his 2010 re-election campaign.
Dec 18 2010
The Dream Lives!
So here’s the deal. Grab your bootstraps and pull as hard as you can. Elbow everybody else out of the way, and climb over any mountains of bodies in your way. Or stomp them if they won’t be reasonable and just die.
Do unto others before they do unto you, and you too can make the big time. Baby.
The top of the mountain waits for you! The shining city on the hill where the streets are paved with gold and you’ll never have to look another whining starving emaciated worthless shiftless lazy ass bum in the eye again and all the beautiful people look like they just walked off the cover of a magazine.
God loves you and he wants you to live a rich life in heaven on earth.
Believe, my friends. Believe, and you too can live the American Dream. Jeezus loves you too and this is God’s Country my friends!
Give up your whining socialist fantasies and screw the suckers. Be a real self made man or woman. The brass ring is there just waiting for you to grab. You can do this!
Buck up, straighten up, and fly right. If you miss it you have only yourself to blame for being so worthless. The world doesn’t owe you a living. You have to get out there, grab a live baby, and rip it’s heart out with your teeth if you want to live the blessed life of a fulfilled human being.
The only winners are those who die with the most toys. You know this in your heart of hearts, and everyone else is a loser. Just fertilizer. Shit. Made to serve you. The ground upon which you strut in silver slippers, my friends.
It’s get better on the flip…