“We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon.”
–Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, 1934
Miners used to keep canaries in coal mines as an early warning device. If the air was so bad that it killed the canary, the miners would soon be next. Japan may be the canary for the out-of-control deficit spending policies now being pursued in the United States and the United Kingdom. In a November 1 article in the Daily Telegraph called “It Is Japan We Should Be Worrying About, Not America,” international business editor Ambrose Evans-Pritchard wrote: Continue reading →
Naomi Klein on Climate Debt: Why Rich Countries Should Pay Reparations To Poor Countries For The Climate Crisis.
With the Copenhagen climate summit two weeks away, best-selling journalist Naomi Klein examines the grass-roots movement behind the climate debate proposal that argues all the costs associated with adapting to a more hostile ecology—everything from building stronger sea walls to switching to cleaner, more expensive technologies—are the responsibility of the countries that created the crisis. Klein also discusses the 10th anniversary of the Seattle WTO protests and the 10th anniversary of her first book, “No Logo.” [includes rush transcript]
Naomi Klein, award-winning journalist, syndicated columnist and author of the bestseller, “The Shock Doctrine: The Rise of Disaster Capitalism.” It’s also the 10th anniversary of the publication of her first book “No Logo: Taking Aim at the Brand Bullies.”
The United States does not control its own destiny. Rather it is controlled by an international financial elite, of which the American branch works out of big New York banks like J.P. Morgan Chase, Wall Street investment firms such as Goldman Sachs, and the Federal Reserve System. They in turn control the White House, Congress, the military, the mass media, the intelligence agencies, both political parties, the universities, etc. No one can rise to the top in any of these institutions without the elite’s stamp of approval.
This elite has been around since the nation began, becoming increasingly dominant as the 19th century progressed. A key date was passage of the National Banking Act of 1863, when the system was put into place whereby federal government debt was used to collateralize bank lending. Since then we’ve paid the freight through our taxes for bank control of the economy. The final nails in the coffin came with the passage of the Federal Reserve Act of 1913.
I want to revisit a topic which happens to be extremely important to me, both personally and politically, and even more important to our civil liberties.
Some of you have already read my brief piece on Richard Horn & the CIA dishing out $3 million to buy silence in this narco scandal. Those of you who have not read it click here and read it – because this story also goes to the heart of a very significant and ongoing issue: The State Secrets Privilege.
My recent heads-up piece on Horn focused mainly on the CIA’s attempt to hush another narco scandal where the agency was directly and actively involved. Although I introduced Horn as ‘another recipient of the government’s State Secrets Privilege invocation’, I didn’t delve into the significance of this case on this repeatedly used and abused draconian privilege. This was partly due to wrongly assuming that the media, at least the alternative media, would have gotten all over it since lately the SSP has been a quite fashionable and talked about topic among the wanna-be progressive community. Well, I was wrong. Despite the scandalous nature of the case, and despite the massive implications to SSP, those who’ve been publicizing themselves and cashing in using SSP did not touch or mention the case.
There are some 614 coal-fired power plants in the United States, and it is up to us to shut them down. No one in the White House will do it. No one in Congress will do it. And no one at the coming U.N. climate change conference in Copenhagen will do it. We will build local movements to carry out acts of nonviolent civil disobedience to halt the burning of coal, or the polar ice caps will continue to dissolve, the Greenland ice sheet will disappear, the glaciers in the Alps, the Himalayas and Tibet will melt, and widespread droughts, rising sea levels and temperatures, acute food shortages, disease and gigantic mass migrations will envelop the globe. We are killing the ecosystem on which human life depends. One of the major polluters is coal, which supplies about half of the country’s electricity. NASA’s James Hansen has demonstrated that our only hope of getting our atmosphere back to a safe level—below 350 parts per million CO2—lies in stopping the use of coal to generate electricity. We are currently at 390 parts per million carbon dioxide.
Aggressive and exclusive military alliances like NATO should be disbanded
Alan McKinnon shows that the UK and US ‘defence’ policy is in fact a ‘projection of power’ policy with the primary purpose of defending the commercial interests of transnational companies
The world of war is today dominated by a single superpower. In military terms the United States sits astride the world like a giant Colossus. As a country with only five per cent of the world’s population it accounts for almost 50 per cent of global arms spending. Its 11 naval carrier fleets patrol every ocean and its 909 military bases are scattered strategically across every continent. No other country has reciprocal bases on US territory – it would be unthinkable and unconstitutional. It is 20 years since the end of the Cold War and the United States and its allies face no significant military threat today. Why then have we not had the hoped-for peace dividend? Why does the world’s most powerful nation continue to increase its military budget, now over $1.2 trillion a year in real terms? What threat is all this supposed to counter?
Three years after creating the “worst humanitarian crisis” in Africa by encouraging Ethiopia to invade Somalia, the U.S. now unleashes the food weapon on starving people. “Forty million pounds of American-donated food is sitting in warehouses in Mombasa, Kenya, but U.S. officials won’t allow aid workers to deliver the food to the Somalis that need it.”
The United States is waging a war of starvation against the people of Somalia. According to United Nations officials, Washington has interrupted the flow of desperately needed food to Somalia, on the grounds that some of it might find its way into the hands of the Shabab, the Islamists the U.S. calls “terrorists,” but who are winning the war for control of southern and central Somalia.