Category Archives: State Crime

War fraud: The great lies behind imperial warfare in the 21st century

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By Mark Taliano

Source: Intrepid Report

The “War On Terror” and “The War On Drugs” are both fraudulent, and they are both related. In a classic example of “reverse projection”, ”the War on Terror” is literally a “War for Terror,” and the “War on Drugs” is literally a “War for Drugs.”

Terror, coupled with the illegal trade in narcotics, particularly heroin, is enabling the orchestration, and funding, of illegal warfare which serves the interests of an international oligarch class as it destroys humanity.

The barbarity of the military operations conducted by the West is beyond the imagination of most domestic audiences, even when details are publicized.

Broadly speaking, we can decode the 9/11 terror wars using a simple formula:

  • Problem
  • Reaction
  • Solution

NATO imperialists engineer or exploit problems to create reactions, with a view to creating previously planned solutions. Typically, problems (i.e, 9/11 crimes) serve to engineer public consent (reaction) for illegal invasions (solution).

The “end-game” also contradicts publically stated goals. Evidence demonstrates that the invasions of Afghanistan, Iraq, Libya, and Syria, as well as the war in Ukraine, were launched and prosecuted with a view to destroy each country through invasion, occupation, plunder, and to establish military footholds. The popular notion that the wars are being prosecuted for humanitarian purposes is absolutely ridiculous.

Afghanistan

In Afghanistan, for example, drug-trafficking warlords such as Gulbuddin Hekmatyar were used to create extremist “jihadist” armies (mujahideen) to destroy the Soviet-protected socialist republic. The long-standing CIA-terror group alliance, which pre-dates Afghanistan, continues to be empowered by profits from illegal drug trafficking: According to U.S sources, the production of opium (which is eventually processed into heroin) has increased “40-fold” since the initial invasion of Afghanistan.

So, the invasion destroyed a secular, socialist government and filled the vacuum with extremist drug-trafficking terrorist warlords. But imperialists gained a military foothold in the country.

Iraq

We all know now that the fraudulent “Weapons Of Mass Destruction” pretext was used for the criminal invasion of Iraq. The engineered problem was followed by mixed reactions from a less gullible public, but the invasion (solution), was launched (on the heels of genocidal sanctions) anyway.

Joe Quinn reports that in this invasion, US Death Squads manufactured a civil war to divert attention from the real culprits: the occupiers. A 10,000 strong “Shia militia” under US command is used to terrorize the population and to destroy Iraqi grassroots resistance. Often, the terrorists bomb civilian targets and falsely blame innocent groups—false flag tactics—which in turn create engineered friction and retaliation. Black propaganda operations are a CIA specialty. Consequently, Iraq is now an unstable terrorist quagmire, whereas before the invasion it was a modern, well-developed country free of any identifiable terror groups.

Libya

The NATO invasion of Libya, previously the wealthiest country in Africa, was also a product of repeated Western lies, and now, it too, is a hotbed of terrorism, vice, and drug trafficking. Erin Banco reports in “Drug And Human Trafficking In ‘Lawless’ Libya Is Funding ISIS” that the West’s “lack of foresight has enabled different groups of fighters to traffic a continuous supply of arms, drugs and people across Libya’s borders, helping to bankroll some of the world’s most violent terrorists.”

Syria

The invasion of Syria is following predictable patterns as well. A constellation of extremist, mercenary terror groups, including ISIS—all supported by the West—are trying to destroy Syria. Drug trafficking, stolen oil and artifacts are being used to finance the mass murder, and death squads, often under the cover of the Free Syrian Army (FSA) are being used to create a “civil war,” and to destroy President Assad’s government. The terror and mass murder are primarily orchestrated externally with a view to making Syria safe for Wahhabism, barbarity, and a NATO military presence.

A Wikileaks cable indicates that since 2011, more than 230,000 people have died and a million have been injured. But despite the so-far-successful alliance of Syria, Iran, and Russia in destroying the mercenary terrorists and in saving Syria, the West can take some consolation: the US already has a military foothold in the country. Only time will tell if the West succeeds in creating and sustaining yet another unstable, terrorist-infested vassal state.

Despite what naysayers might think, the NATO-perpetrated holocaust is in many respects a neocon success story: a succession of previously independent countries have been destroyed, and a NATO presence has been installed. In fact, the wars for Terror and Drugs are winning, despite ostensible setbacks.

The whole process of death and destruction is not rational or moral, and the degeneracy is beyond evil. Commentators call it imperialism.

 

Hang onto your wallets: Negative interest, the war on cash, and the $10 trillion bail-in

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By Ellen Brown

Source: Intrepid Report

Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young Michael is being advised to put his tuppence in the bank, so that it can compound into “all manner of private enterprise,” including “bonds, chattels, dividends, shares, shipyards, amalgamations . . .”?

That may still work if you’re a Wall Street banker, but if you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse.

Four European central banks—the European Central Bank, the Swiss National Bank, Sweden’s Riksbank, and Denmark’s Nationalbank—have now imposed negative interest rates on the reserves they hold for commercial banks; and discussion has turned to whether it’s time to pass those costs on to consumers. The Bank of Japan and the Federal Reserve are still at ZIRP (Zero Interest Rate Policy), but several Fed officials have also begun calling for NIRP (negative rates) [update: Bank of Japan implemented a negative interest rate 1/29/16].

The stated justification for this move is to stimulate “demand” by forcing consumers to withdraw their money and go shopping with it. When an economy is struggling, it is standard practice for a central bank to cut interest rates, making saving less attractive. This is supposed to boost spending and kick-start an economic recovery.

That is the theory, but central banks have already pushed the prime rate to zero, and still their economies are languishing. To the uninitiated observer, that means the theory is wrong and needs to be scrapped. But not to our intrepid central bankers, who are now experimenting with pushing rates below zero.

Locking the door to bank runs: The cashless society

The problem with imposing negative interest on savers, as explained in the UK Telegraph, is that “there’s a limit, what economists called the ‘zero lower bound.’ Cut rates too deeply, and savers would end up facing negative returns. In that case, this could encourage people to take their savings out of the bank and hoard them in cash. This could slow, rather than boost, the economy.”

Again, to the ordinary observer, this would seem to signal that negative interest rates won’t work and the approach needs to be abandoned. But not to our undaunted central bankers, who have chosen instead to plug this hole in their leaky theory by moving to eliminate cash as an option. If your only choice is to keep your money in a digital account in a bank and spend it with a bank card or credit card or checks, negative interest can be imposed with impunity. This is already happening in Sweden, and other countries are close behind. As reported on Wolfstreet.com:

The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”) . . .

The lesson of Gesell’s decaying currency

Whether negative interests will actually stimulate an economic recovery, however, remains in doubt. Proponents of the theory cite Silvio Gesell and the Wörgl experiment of the 1930s. As explained by Charles Eisenstein in Sacred Economics:

The pioneering theoretician of negative-interest money was the German-Argentinean businessman Silvio Gesell, who called it “free-money” (Freigeld). . . . The system he proposed in his 1906 masterwork, The Natural Economic Order, was to use paper currency to which a stamp costing a small fraction of the note’s value had to be affixed periodically. This effectively attached a maintenance cost to monetary wealth.

. . . [In 1932], the depressed town of Wörgl, Austria, issued its own stamp scrip inspired by Gesell. . . . The Wörgl currency was by all accounts a huge success. Roads were paved, bridges built, and back taxes were paid. The unemployment rate plummeted and the economy thrived, attracting the attention of nearby towns. Mayors and officials from all over the world began to visit Wörgl until, as in Germany, the central government abolished the Wörgl currency and the town slipped back into depression.

. . . [T]he Wörgl currency bore a demurrage rate [a maintenance charge for carrying money] of 1 percent per month. Contemporary accounts attributed to this the very rapid velocity of the currencies’ circulation. Instead of generating interest and growing, accumulation of wealth became a burden, much like possessions are a burden to the nomadic hunter-gatherer. As theorized by Gesell, money afflicted with loss-inducing properties ceased to be preferred over any other commodity as a store of value.

There is a critical difference, however, between the Wörgl currency and the modern-day central bankers’ negative interest scheme. The Wörgl government first issued its new “free money,” getting it into the local economy and increasing purchasing power, before taxing a portion of it back. And the proceeds of the stamp tax went to the city, to be used for the benefit of the taxpayers. As Eisenstein observes:

It is impossible to prove . . . that the rejuvenating effects of these currencies came from demurrage and not from the increase in the money supply. . . .

Today’s central bankers are proposing to tax existing money, diminishing spending power without first building it up. And the interest will go to private bankers, not to the local government.

Consumers today already have very little discretionary money. Imposing negative interest without first adding new money into the economy means they will have even less money to spend. This would be more likely to prompt them to save their scarce funds than to go on a shopping spree.

People are not keeping their money in the bank today for the interest (which is already nearly non-existent). It is for the convenience of writing checks, issuing bank cards, and storing their money in a “safe” place. They would no doubt be willing to pay a modest negative interest for that convenience; but if the fee got too high, they might pull their money out and save it elsewhere. The fee itself, however, would not drive them to buy things they did not otherwise need.

Is there a bigger threat than a sluggish economy?

The scheme to impose negative interest and eliminate cash seems so unlikely to stimulate the economy that one wonders if that is the real motive. Stopping tax evaders and terrorists (real or presumed) are other proposed justifications for going cashless. Economist Martin Armstrong goes further and suggests that the goal is to gain totalitarian control over our money. In a cashless society, our savings can be taxed away by the banks; the threat of bank runs by worried savers can be eliminated; and the too-big-to-fail banks can be assured that ample deposits will be there when they need to confiscate them through bail-ins to stay afloat.

And that may be the real threat on the horizon: a major derivatives default that hits the largest banks, those that do the vast majority of derivatives trading. On November 10, 2015, the Wall Street Journal reported the results of a study requested by Senator Elizabeth Warren and Rep. Elijah Cummings, involving the cost to taxpayers of the rollback of the Dodd-Frank Act in the “cromnibus” spending bill last December. As Jessica Desvarieux put it on the Real News Network, “the rule reversal allows banks to keep $10 trillion in swaps trades on their books, which taxpayers could be on the hook for if the banks need another bailout.”

The promise of Dodd-Frank, however, was that there would be “no more taxpayer bailouts.” Instead, insolvent systemically-risky banks were supposed to “bail in” (confiscate) the money of their creditors, including their depositors (the largest class of creditor of any bank). That could explain the push to go cashless. By quietly eliminating the possibility of cash withdrawals, the central bank can make sure the deposits are there to be grabbed when disaster strikes.

If central bankers are seriously trying to stimulate the economy with negative interest rates, they need to repeat the Wörgl experiment in full. They need to first get some new money into the economy, money that goes directly to the consumers and local businessmen who will spend it. This could be achieved in a number of ways: with a national dividend; or by using quantitative easing for infrastructure or low-interest loans to states; or by funding free tuition for higher education. Consumers will hit the malls when they have some new discretionary income to spend.

Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally. Her 300+ blog articles are at EllenBrown.com. Listen to “It’s Our Money with Ellen Brown” on PRN.FM.

Meet the Indigenous Eco-feminists of the Amazon

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In Ecuador, indigenous Kichwa women are resisting corporate interests that threaten their land.

By Lindsey Weedston

Source: Yes! Magazine

For episode two of A Woman’s Place, Kassidy Brown and Allison Rapson traveled to Ecuador and ventured deep into the Amazon rainforest. There, issues of indigenous rights and the rights of women intersect in many ways. Corporate exploitation of indigenous land directly affects women who rely on natural resources for important aspects of their culture and daily lives.

This is one reason why Brown and Rapson sought out Nina Gualinga, a member of the Ecuadorian Kichwa tribe, internationally known for her indigenous rights activism. “In every episode we tried to address a different angle of feminism and a different way that it could be expressed,” Rapson said. For Brown and Rapson, Gualinga represented the power of eco-feminism, which combines environmentalism with feminist theory.

“We were struck by lots of things, but really it was just understanding her relationship to Mother Earth,” Rapson explained. “It’s a very personal relationship, and fighting for the planet, for them, is like fighting for a really powerful woman who needs their protection.”

The episode explains how, after oil companies began exploiting their land for fossil fuels, the Kichwa people protested, sued the government, and convinced the Inter-American Court of Human Rights to force oil companies out of Kichwa territory. But even though Kichwa women stood up to Big Oil and won, they still have to be vigilant. For Gualinga, and other Ecuadorian women interviewed for this episode, the capitalist system that threatens their land is also a key element of the modern patriarchy.

“It’s the kind of capitalism where big oil is coming in with a very masculine approach,” said Brown. “With the worst form of masculinity—aggressive, not listening to the community leaders, and not hearing what the people want.”

“All people have both feminine and masculine attributes. It’s not that all men are bad and it’s not that all masculine expression is bad,” Rapson said. “It’s that we are living with the remnants of an outdated and antiquated system.”

Gualinga says another obstacle indigenous women face is the stereotype that their communities are “primitive.” So when she brought Brown and Rapson to her village of Sarayaku, Gualinga showed them how Kichwa people have mixed modern technology with ancient traditions. The village uses solar panels for electricity—and Rapson explained that they even have their own “tech center”—while things like traditional teas and beauty products are still made by hand.

“It’s incredible to walk around the forest with Nina. She would pull this flower and tell us about how this oil would clear up your skin,” said Brown. “Then she would pull another thing that I would never recognize out of the rest of the foliage and say ‘This is great for your hair, it will make it longer and stronger.’ They have what they need there.”

This is part of the reason protecting their land is so important to the Kichwa.“It’s kind of like someone coming into your town and saying ‘I’m going to destroy your grocery store and your bank and your beauty salon,’” explained Rapson. “‘I’m going to literally take every aspect of your life—everything involved in how you live every day-to-day moment—and I’m going to get rid of all of that.’” Because when Gualinga and her fellow tribe members talk about protecting their environment, it’s more than just land. It’s protecting their history, their traditions, and their culture.

 

Lindsey Weedston wrote this article for YES! Magazine. Lindsey is a Seattle-based feminist blogger with a creative writing degree that everyone told her would be useless. She spends her time writing about various human rights and social justice issues on her blog Not Sorry Feminism and dabbles in video game reviews and commentary. Find her on Twitter at @NotSorryFem.

Report: Flint lead filters provide inadequate protection for residents

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By Shannon Jones

Source: WSWS.org

Federal and state officials are warning Flint residents that the lead filters they are using may be inadequate to protect them from the effects of elevated levels of lead in the city’s drinking water.

The warning came Friday after random samples collected from 26 residences since the final week of December came back with lead levels higher than the filters are designed to handle. The highest reading among the 26 homes was 4,000 parts per billion (ppb). The filters are not rated to handle lead levels above 150 ppb. The tests covered 3,900 homes.

After more than two years of lies and cover-up by federal, state and local officials, Flint residents are in a restive mood. Megan Kreger, a member of the local activist group Water You Fighting For, told the WSWS, “I didn’t believe it [about the lead filters] from the beginning. It has only finally hit the press.

“There has been fraud and negligence at all levels. It is a humanitarian disaster. We should not be living without clean water when we are only one hour away from one of the largest bodies of fresh water in the world.”

She rejected claims that Flint water is now safe for bathing. “My boyfriend took a shower before the Rachel Maddow town hall [over the weekend] and got the worst rash he has ever gotten. It almost looked like chicken pox.”

The US Environmental Protection Agency (EPA) recommends action be taken when lead levels exceed 15 ppb, though there is no safe level of lead exposure. Mark Durno of the EPA said the affected residents have now been contacted. The state had previously insisted that drinking filtered water was safe.

In the wake of the findings, Michigan Governor Rick Snyder urged all Flint residents to have their water tested as soon as possible. Dr. Eden Well, chief medical executive of the state’s Department of Health and Human Services (DHHS), advised children under six and pregnant women to drink only bottled water.

In an effort at damage control, Snyder sent a letter to state employees Friday, stating “what happened in Flint can never be allowed to happen again anywhere in our state.” The governor has tried to deflect all blame for the crisis to the Michigan Department of Environmental Quality (DEQ) and lower-ranking officials.

The DEQ said Monday that it has undertaken a five-part strategy to determine whether Flint water is safe to drink. The DEQ said it is working on a plan to make sure that residents with high lead-blood levels get their water tested.

Another issue of concern to Flint residents is that filters only have a limited life span, after which they are no longer effective. This is particularly true if the faucet where the filter is installed is the only source of water in the home.

Further, many Flint homes have older faucets that will not accommodate the water filters provided by the state. Over the weekend some 300 plumber volunteers installed new faucets free of charge in some 1,100 Flint homes, still a fraction of the city’s residences.

Federal officials said they were not sure why recent samples came back showing elevated levels of lead. Despite the findings, the EPA did not call on residents to stop using the lead filters. More testing is being planned.

The report on lead filters comes as state officials on Friday informed residents at more than 250 addresses living in areas of Genesee County outside of Flint that their water may also be tainted.

Dana, an auto parts worker who lives just outside of Flint, said she had just learned that her water may be dangerous to drink. “This is crazy. I live in the county and they just posted a whole bunch of addresses that might be affected. It appears it is impacting more than just the city of Flint. They had us misled. They told us it was fine. I was making coffee with the tap water every morning.

“It is an outrage. It is getting worse and worse. Everyone in the government is to blame. We as citizens do not know what is going on.”

Soon after the switch by the city of Flint in 2014 from its traditional water source, the Detroit water system, to the polluted Flint River, residents began to complain of foul-tasting, discolored water coming out of their taps. Nevertheless, citizens were repeatedly told the water was safe.

It later emerged that the highly corrosive water from the Flint River was leaching lead from the city’s antiquated piping, poisoning the city’s 100,000 residents. Even after the switch back to the Detroit water system in October, lead levels remain dangerously high due to the damage already done to the city’s water pipes.

Ten deaths from the deadly Legionnaires’ virus have also been traced to Flint water.

In another development, the US Department of Agriculture rejected a request by Snyder to extend the Women, Infants and Children (WIC) program to Flint residents up to the age of 10. A department spokesperson said federal law limited the program to children under age five. The program provides grants to states for supplemental foods, health referrals and nutrition information to pregnant and postpartum women with infant children.

Health professionals say proper nutrition is important in mitigating the long-term effects of lead poisoning in children. Children are especially vulnerable to lead, since their developing brains and nervous systems are more sensitive to toxins. The city has a child poverty rate of nearly 67 percent, 10 percentage points higher than Detroit.

According to the Michigan DHHS, 130,095 people in Genesee County, where Flint is located, are using food stamp assistance now, compared with 87,847 in 2005.

The report on continued high levels of lead in Flint’s water supply comes as Michigan’s Attorney General Bill Schuette says the state may not provide legal counsel for seven DEQ employees who are the subject of a class action lawsuit by Flint residents. Schuette has asked a federal judge to decide the matter of representation.

The lawsuit alleges the state endangered Flint residents by switching the city’s water source to the Flint River. In addition to the DEQ employees, the lawsuit also names Snyder, the state of Michigan, the city of Flint, two former emergency managers, the former Flint mayor and three city employees.

It has been filed on behalf of 10 plaintiffs, but seeks class action status for all Flint residents. It seeks compensatory and punitive damages, the creation of a medical monitoring fund and the appointment of a monitor to oversee Flint water.

The suit does not name federal officials, however the Obama administration’s EPA is deeply implicated in the cover-up of the lead poisoning danger. As early as April 2015, the highest-level EPA official in Michigan was aware that Flint water was not being treated for corrosion control, but said nothing. This, despite the fact that water professionals understand that such treatment is necessary if highly corrosive water like that from the Flint River is being used for drinking because of the danger of lead leaching from old piping.

Snyder has claimed he did not become aware of problems with Flint’s drinking water until October 1, 2015.

The West Is Reduced To Looting Itself

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By Paul Craig Roberts

Source: PaulCraigRoberts.org

I, Michael Hudson, John Perkins, and a few others have reported the multi-pronged looting of peoples by Western economic institutions, principally the big New York Banks with the aid of the International Monetary Fund (IMF).

Third World countries were and are looted by being inticed into development plans for electrification or some such purpose. The gullible and trusting governments are told that they can make their countries rich by taking out foreign loans to implement a Western-presented development plan, with the result being sufficient tax revenues from economic development to service the foreign loan.

Seldom, if ever, does this happen. What happens is that the plan results in the country becoming indebted to the limit and beyond of its foreign currency earnings. When the country is unable to service the development loan, the creditors send the IMF to tell the indebted government that the IMF will protect the government’s credit rating by lending it the money to pay its bank creditors. However, the conditions are that the government take necessary austerity measures so that the government can repay the IMF. These measures are to curtail public services and the government sector, reduce public pensions, and sell national resources to foreigners. The money saved by reduced social benefits and raised by selling off the country’s assets to foreigners serves to repay the IMF.

This is the way the West has historically looted Third World countries. If a country’s president is reluctant to enter into such a deal, he is simply paid bribes, as the Greek governments were, to go along with the looting of the country the president pretends to represent.

When this method of looting became exhausted, the West bought up agricultural lands and pushed a policy on Third World countries of abandoning food self-sufficiency and producing one or two crops for export earnings. This policy makes Third World populations dependent on food imports from the West. Typically the export earnings are drained off by corrupt governments or by foreign purchasers who pay little while the foreigners selling food charge much. Thus, self-sufficiency is transformed into indebtedness.

With the entire Third World now exploited to the limits possible, the West has turned to looting its own. Ireland has been looted, and the looting of Greece and Portugal is so severe that it has forced large numbers of young women into prostitution. But this doesn’t bother the Western conscience.

Previously, when a sovereign country found itself with more debt than could be serviced, creditors had to write down the debt to an amount that the country could service. In the 21st century, as I relate in my book, The Failure of Laissez Faire Capitalism, this traditional rule was abandoned.

The new rule is that the people of a country, even a country whose top offiials accepted bribes in order to indebt the country to foreigners, must have their pensions, employment, and social services slashed and valuable national resources such as municipal water systems, ports, the national lottery, and protected national lands, such as the protected Greek islands, sold to foreigners, who have the freedom to raise water prices, deny the Greek government the revenues from the national lottery, and sell the protected national heritage of Greece to real estate developers.

What has happened to Greece and Portugal is underway in Spain and Italy. The peoples are powerless because their governments do not represent them. Not only are their governments receiving bribes, the members of the governments are brainwashed that their countries must be in the European Union. Otherwise, they are bypassed by history. The oppressed and suffering peoples themselves are brainwashed in the same way. For example, in Greece the government elected to prevent the looting of Greece was powerless, because the Greek people are brainwashed that no matter the cost to them, they must be in the EU.

The combination of propaganda, financial power, stupidity and bribes means that there is no hope for European peoples.

The same is true in the United States, Canada, Australia, and the UK. In the US tens of millions of US citizens have quietly accepted the absence of any interest income on their savings for seven years. Instead of raising questions and protesting, Americans have accepted without thought the propaganda that their existence depends upon the success of a handful of artificially created mega-banks that are “too big to fail.” Millions of Americans are convinced that it is better for them to draw down their savings than for a corrupt bank to fail.

To keep Western peoples confused about the real threat that they face, the people are told that there are terrorists behind every tree, every passport, under every bed, and that all will be killed unless the government’s overarching power is unquestioned. So far this has worked perfectly, with one false flag after another reinforcing the faked terror attacks that serve to prevent any awareness that this a hoax for accumulating all income and wealth in a few hands.

Not content with their supremacy over “democratic peoples,” the One Percent has come forward with the Trans-Atlanta and Trans-Pacific partnerships. Allegedly these are “free trade deals” that will benefit everyone. In truth, these are carefully hidden, secret, deals that give private businesses control over the laws of sovereign governments.

For example, it has come to light that under the Trans-Atlantic partnership the National Health Service in the UK could be ruled in the private tribunals set up under the partnership as an impediment to private medical insurance and sued for damages by private firms and even forced into abolishment.

The corrupt UK government under Washington’s vassal David Cameron has blocked access to legal documents that show the impact of the Trans-Atlantic partnership on Britain’s National Health Service. http://www.globalresearch.ca/cameron-desperate-to-stop-scandal-as-secret-plans-to-sell-the-national-health-service-are-discovered/5504306

For any citizen of any Western country who is so stupid or brainwashed as not to have caught on, the entire thrust of “their” government’s policy is to turn every aspect of their lives over to grasping private interests.

In the UK the postal service was sold at a nominal price to politically connected private interests. In the US the Republicans, and perhaps the Democrats, intend to privatize Medicare and Social Security, just as they have privatized many aspects of the military and the prison system. Public functions are targets for private profit-making.

One of the reasons for the escalation in the cost of the US military budget is its privatization. The privatization of the US prison system has resulted in huge numbers of innocent people being sent to prison, where they are forced to work for Apple Computer, IT services, clothing companies that manufacture for the US military, and a large number of other private businesses. The prison laborers are paid as low as 69 cents per hour, below the Chinese wage.

This is America today. Corrupt police. Corrupt prosecutors. Corrupt judges. But maximum profits for US Capitalism from prison labor. Free market economists glorified private prisons, alleging that they would be more efficient. And indeed they are efficient in providing the profits of slave labor for capitalists.

Here is a news report on UK Prime Minister Cameron denying information about the effect of the Trans-Atlantic partnership on Britains’ National Health.
http://www.theguardian.com/business/2016/jan/26/anger-government-blocks-ttip-legal-documents-nhs-health-service

The UK Guardian, which often has to prostitute itself in order to maintain a bit of independence, describes the anger that the British people feel toward the government’s secrecy about an issue so fundamental to the well being of the British people. Yet, the British continue to vote for political parties that have betrayed the British people.

All over Europe, the corrupt Washington-contolled governments have distracted people from their sellout by “their” governments by focusing their attention on immigrants, whose presence is a consequence of the European governments representing Washington’s interests and not the interest of their own peoples.

Somthing dire has happened to the intelligence and awareness of Western peoples who seem no longer capable of comprehending the machinations of “their” governments.

Accountable government in the West is history. Nothing but failure and collapse awaits Western civilization.

Global House Price Crash Led by Major Cities And Rapid Exit Of Investors

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By Graham Vanbergen

Source: TruePublica

The global house price crash is being led by the most important cities in the world and where they are not falling yet, they soon will be.

The fault lies directly in the lap of central banks as quantitative easing caused an enormous injection of cash into economies, forcing interest rates to fall the their lowest levels in history. This knee-jerk over-reaction effectively halted price corrections that should have fully unfolded but didn’t and put rocket boosters under house price inflation the world over.

With banks and their financial services operations now seen by the public as nothing more than criminal gangs operating with impunity, both legally saved money and laundered cash needed a safe haven. Normal people know nothing about derivatives, day-trading and the like. Property is something most people know something about. Criminals just want to harbour ill gotten gains.

With institutional investors, individuals looking to boost pension incomes, criminals with global reach and an aspirational general public all combined, mountains of cash found their way into property. The international property bubble inflated as the market uncoupled from both the economy and reality.

In Britain, a blinkered Chancellor, unable to see the obvious, supported naive first time buyers in various ways all at the expense of the taxpayer in the hope of winning votes in his 2020 bid. By then the housing market in Britain will have crashed and all his first time buyer voters will be in negative equity for another decade.

It now takes an average skilled worker 14 years to buy a 600q ft one bed apartment in London, the equivalent of renting it for 30 years. What could go wrong?

Sales in London have now dropped by a quarter, prices are already deflating with some commentators blaming new stamp duty/taxation rules imposed for April this year. This is just another reason for the impending decline soon to engulf London and then ripple out to the rest of the country. The average price of a property in Britain is 300 per cent higher today than 20 years ago and that includes the biggest financial crash since the Great Depression.

Hong Kong is experiencing property price falls with most commentators expecting declines of 20 per cent, some at 30 per cent and a few at 40 per cent. The government backed builders to construct rented property to ease the ridiculous prices required to buy an apartment. It took ten years and now rental prices have fallen back just as property investment has taken a nosedive.

In Sydney there’s been a total collapse of business investment and corresponding increase in property investment as Australians got on the ‘get-rich-quick’ bandwagon. Prices are now falling at around 1.5 per cent a month. Not much you might think but by mid 2016, prices could easily be off 12 per cent with no indication of the bottom.

So over-stretched are they in Vancouver it is estimated that a normal price correction of 20 per cent would completely wipe out ten per cent of homeowners. Not surprising as house prices there are by some estimates now 30 per cent overvalued.

America’s most important housing market, San Fransico is about the feel the big house price chill after its epic over-heating. It managed an eye-watering 103 per cent increase in some plush areas in just four years. Affordability has tanked and only the top 10 per cent of earners in the city can now afford to own a home there. If prices fall back to 2008 levels, the 60 to 70 per cent average increase in prices since then could dive with catastrophic consequences.

In The Netherlands just 7 per cent of properties sell for more than the asking price – about the norm for the country. In Amsterdam that figure is about 60 per cent. Housing stock has vaporised and prices today have shot past the 2008 peak. These are the ominous signs of a price correction. Amsterdam may continue to rise for a short while but soon the party will be over.

In Geneva, Switzerland 90 per cent of all household debt is mortgaged. Since 2008, property prices have increased what some might say is a modest 24.3 per cent. Price falls are expected for several reasons; the imposition of a countercyclical capital buffer (CCB) to prevent the real estate market from further overheating, other stricter (mortgage) lending controls and a squeeze on immigration which was causing house price inflation. Switzerland’s mortgage market is 140 per cent of GDP. Expectations are that prices will deflate more slowly, but deflate they will.

The French property market had the dubious distinction of being the most overvalued in Europe in 2011. Even the OECD gave a stern warning that Paris was about to implode – it probably knew best as that is where it’s office are located. Property prices in Paris rose 278 per cent in eleven years to 2011 with two well known French economists predicting steady house price falls for the next ten years totalling 35 per cent to 2025 and a best case scenario of falls until 2020.

What all this says now is obvious. The financial crash in 2008 was caused by reckless banks deliberately overextending mortgage lending that led to the public speculating in the property market. Central banks then pumped trillions of dollars, euros and pounds into the market in order to save the banks. It saved them in part by deliberately inflating property prices.

Investors are now getting out of the game. They know the QE scam is over. As ZeroHedge reports “How Billionaires Are Investing In 2016: “The Only Winning Move Is Not To Play The Game“. Here they report that the rich and powerful have ended their investment strategies; the only way now is to hold cash, duck and see what happens as the global markets in all asset classes unravel. It confirms what is being said here; that all this ‘funny money’ has created growing distortions in nearly all asset prices—from stocks to bonds to real estate.

The UBS global real estate bubble index for 2016 makes for sobering reading, predicting falls in 10 major cities this year. Fortune reports that the “world is headed for disaster, and will take the prices of equities down with it. How much? Edwards predicts the U.S. stock market could plunge as much as 75%. That would be worse than during the financial crisis, in which stocks from their peak to trough dropped a brutal 62%.”

Even the Oracle of Omaha, Warren Buffet has got this all wrong as his stock is heading south and about to enter ‘bear’ territory.

Bloomberg agrees: “Fed Up Investors Yank Cash From Almost Everything Just Like 2008“.

And what they mean by everything is not just stocks and bonds. The FT “Global property bubble fears mount as prices and yields spike”. Here the FT reports that returns for rental income (globally) has collapsed when a crash in massively overleveraged property triggered the 2008 international banking crash. Time to get out.

Everyone got into property because prices were expected to beat bond prices, and they did.

When the worlds biggest, wealthiest and most powerful start losing their shirts they rapidly divest to save the proverbial bacon. Result? Asset prices fall and house prices with it. The global house price crash is on and coming to a town near you.

Poisoning Black Cities

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They drowned New Orleans. Now they have poisoned Flint, Michigan. The corporate campaign to ethnically cleanse U.S. cities knows no bounds. Michigan’s emergency financial manager law is “part of Wall Street’s tool kit to starve, bulldoze, redline, over-price, oppressively police, and even poison Black people out of the urban centers.”

By Glen Ford

Source: Black Agenda Report

“Michigan’s emergency financial manager system is the lead-tipped point of the spear that is gutting urban Black America.”

It has taken the poisoning of an entire city of 100,000 people – 52 percent of them Black – to draw national attention to the human effects of systematic corporatization of the public sphere under neoliberal U.S. capitalism. Republican Governor Rick Synder promises to “fix” the ruined water infrastructure of Flint, Michigan, now hopelessly corroded and saturated with lead – a repair that could cost as much as $1.5 billion. But, even if Snyder is forced to resign, as demonstrators demand, or is jailed, as filmmaker Michael Moore would prefer, it won’t fix the irreparably damaged brains of the city’s children or prevent a cascade of Flint-like catastrophes from unfolding across the country.

We are experiencing another Katrina moment, a dreadful epiphany in which the nature of the beast that is preying upon us becomes horrifically clear. Michigan’s emergency financial manager system – a weapon of corporate dictatorship imposed selectively on heavily Black and brown cities and school systems – is the lead-tipped point of the spear that is gutting urban Black America. It is not a unique instrument – and certainly not a Republican invention – but part of Wall Street’s tool kit to starve, bulldoze, redline, over-price, oppressively police, and even poison Black people out of the urban centers.

“A Katrina moment.”

Katrina should have been the wake-up call, a decade ago, but the hegemonic influence of the bankster-infested Democratic Party in Black America muted the warning, that the Lords of Capital were determined to eject Blacks from valuable real estate by any means necessary. After their success in expelling 100,000 Black people from New Orleans under cover of a hurricane, the corporate designers of the New American City stepped up the pace of gentrification, deploying every soft and hard tool available to them. The Black-removal machine was revved up to maximum, erasing Black urban majorities and pluralities with dizzying speed.

Having met little organized resistance, the corporate ethnic cleansers grew bolder. Republicans like Rick Synder get elected by trashing Black people; they hardly need an economic motivation for race-baiting. Corporate Democrats are more subtle. Rick Snyder wasn’t the first governor to disenfranchise Black urbanites in Michigan; his Democratic predecessor, Jennifer Granholm, a reputed “liberal,” appointed emergency managers to lord it over mostly Black Benton Harbor, Highland Park, Pontiac, and the Detroit Public Schools (where teachers have been on a sick-out to protest the ghastly conditions wrought by that bipartisan legacy of plantation-like governance).

“The Black-removal machine is erasing Black urban majorities and pluralities with dizzying speed.”

The Obama administration was a full partner in the deal that finalized the bankrupting of Detroit, providing federal funds to protect prime city assets necessary for future “revitalization” (to benefit anticipated new residents) but uttering not a word in protest of the disenfranchisement of the current, 83 percent Black population. The U.S. Justice Department failed to file a brief in support of the local NAACP’s appeal to the federal courts, that Michigan’s emergency financial manager law is racially selective, sparing financially troubled “municipalities with majority-white populations” from financial oversight while negating the votes of more than half of the state’s Black citizenry. “You do not throw out the right to vote on the basis of economic distress,” said Detroit NAACP president Rev. Dr. Wendell Anthony.

On the contrary, that’s exactly what corporations do when they set an economic or political goal that cannot be achieved at the local ballot box: they disenfranchise the uncooperative voters. In the United States, Black votes are the easiest to nullify, because huge numbers of whites don’t think Blacks are worthy of full citizenship. They take pleasure in bringing Detroit low, and in the enforced shrinking of Black New Orleans, never considering that the weakening of democratic norms will ultimately expose whites to the whims of Capital, as well. It is the oldest story in the United States.

“Corporate tentacles encroach upon the traditional powers of ‘too-Black’ cities until there is little left for the local government to tax or administer.”

White racism thus shapes the corporate model for direct rule by moneyed interests. Typically, the urban disenfranchisement process begins with the public schools, which become overwhelmingly Black and brown ahead of the general population. Locally elected inner city school boards are swept away in favor of state or direct mayoral control, while suburbanites retain the old, hands-on democratic model. (The Michigan legislature took over Detroit’s schools in 1999.) Corporate tentacles encroach upon the traditional powers of “too-Black” cities in ways not visible to ordinary citizens – through regional agencies, special industrial and development zones, targeted tax abatements, etc. – until there is little left for the local Black government to tax or administer except its largely impoverished constituents. Black governance is discredited – even though, in the last stages of urban distress, there are few resources with which to govern. The city writhes in protracted pain until “rescued” by the state for the purpose of corporate makeover (“renaissance”) and repopulation.

The corporate rulers and their minions must be held responsible for all of the pain that is inflicted on the people of intentionally distressed cities, whose residents are stripped of the means to defend themselves against the tortures, humiliations and various poisons of the state.

The Wickedness of [US] Foreign Policy

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By Sheldon Richman

Source: Center for a Stateless Society

If you want to see how inhumane people can be, just watch those who make and execute foreign policy. We could spend all day discussing the cruelties that politicians and bureaucrats commit against people who live inside the United States. Think how many are caged like wild animals because they manufacture, sell, or consume disapproved substances; gamble where government has forbade it; traded sexual services for money; possessed a gun they weren’t “supposed” to possess; etc. ad infinitum. Naturally, America leads the world in locking up people.

But at least the policy of mass imprisonment gets increasing attention. Subject to far less scrutiny is how America’s (mis)leaders, (mis)representatives and public (self-)servants treat foreigners, especially those with dark skins and a still-unfamiliar religion. When we talk about foreign policy, how easy it is to get wrapped up in abstractions like empire,intervention, nonintervention, and kinetic military action. These are important concepts to understand, of course, but foreign-policy conversations often become sterile examinations of “policy,” when what we need is a full awareness of the harm to individual human beings, the destruction of their families, homes, communities, and societies. These persons are the victims of our rulers’ geopolitical stratagems, which seemly outrank all other considerations. Yet each victim has a story embodying unique relationships and aspirations, a story that is permanently changed by an American cluster bomb, drone-launched missile, or special-ops mission.

The best that can be said of the perpetrators of this carnage and social devastation is that they are guilty of gross negligence. Many of their acts, however, cross into the territory of premeditated murder and the infliction of mayhem with malice aforethought.

One need not look hard for the most egregious examples taking place right at this moment. In Yemen the Obama administration gives indispensable material support to Saudi Arabia’s barbaric war — war ought not to require a qualifier like barbaric, but it seems necessary these days — on the poorest population in the region. The U.S.-facilitated starvation blockade and cluster-bombing take an untold number of Yemeni lives while devastating the social order. Policymakers — a euphemism for the architects of devastation — can rationalize this cruelty in geopolitical terms — the Houthis, who incidentally are fighting al-Qaeda-affiliated jihadis, are (falsely) said to be instruments of Iran — but the fact remains that individual persons who did no harm to anyone are being slaughtered and starved with the help of American politicians and military bureaucrats.

Or how about Syria? U.S. conduct carries out a seemingly incoherent policy of simultaneously targeting the regime of President Bashar al-Assad and one of his chief adversaries, the Islamic State, while helping another Islamist group, al-Nusra Front, that has pledged allegiance to Ayman al-Zawahiri, Osama bin Laden’s successor as head of al-Qaeda, perpetrators of the 9/11 attacks. Estimates of the death total in Syria’s civil war reach as high as 340,000, a number that represents the toll at the hands of both government and rebel forces. (The total is sometimes invidiously attributed to Assad’s military alone.) The injured and refugees are probably uncountable.

What must be understood is that most of these deaths, injuries, and dispossessions would probably not have occurred had the Obama administration — most especially Secretary of State Hillary Clinton — not early on intensified the civil war by declaring Assad’s regime “illegitimate,” demanding that he “go” (i.e., die), and overseeing the transfer weapons and jihadi fighters from Benghazi, Libya. While doing all this, the Obama administration was thwarting promising efforts toward a negotiated settlement, which might have stopped or at least reduced the killing of innocent persons. For details see these three articles by the excellent investigate journalist Jonathan Marshall.

And then there’s Libya itself, which Clinton boasts is an example of “smart power at its best.” In 2011 she had egg on her face because she was on the wrong side of the Arab Spring, having defended Egypt’s military dictator, Hosni Mubarak, as a family friend and trusted world leader to the bitter end while throngs of aggrieved Egyptians were in the streets demanding his exit. Needing to clean up her image (perhaps in preparation for her quest for the presidency), she along with administration national-security VIPs Samantha Power and Susan Rice persuaded a reluctant Obama that the residents of Benghazi had to be saved from Col. Muammar Gaddafi’s alleged genocidal designs. The only problem was that Gaddafi had no genocidal designs. (Also see this and this.) And in a classic exhibition of mission-creep, the U.S.-led NATO air campaign went from protecting Benghazi to changing the regime in Tripoli, prompting Clinton to gloated, “We came. We saw. He died.” (Gaddafi was killed extrajudicially, reportedly in a most gruesome manner.)

Since the U.S. intervention, Libya has been wracked by sectarian civil war — even the Islamic State now holds territory there — prompting many Libyans to flee to Europe, which now has to contend with a growing refugee crisis. As noted, the Libyan power vacuum, featuring the unlocking of Gaddafi’s arsenal of heavy weapons, helped to boost the Islamist rebel militias in Syria, to the delight of U.S. allies Turkey (which fears the Kurds) and Saudi Arabia (which fears Iran and the Shi’ites). After the nightmare in Iraq, one has to wonder what Clinton was thinking. The closest thing we have to an answer is from then-Secretary of War Robert Gates, an opponent of the intervention, who said, “We were playing it by ear.” (And let’s not forget: destabilization itself can be an objective.)

Of course we could point to Iraq, George W. Bush’s invasion of which in 2003 set most of the aforementioned mayhem in motion, and Afghanistan, but the story is largely the same: innocent lives are sacrificed to the politicians’ grand agenda. Little people living small lives can’t be allowed to stand in the way.