Friday, February 18, 2011

The Tea Party corpo-fascists have, to quote Admiral Yamamoto, "awakened a sleeping giant."



February , 2011 -- America takes to the streets and its against the Tea Party corpo-fascists and their puppet governors...

The Tea Party corpo-fascists have, to quote Admiral Yamamoto, "awakened a sleeping giant."

Last November 24, We reported that when the massive anti-corporate protests that swept Iceland, Ireland, Greece, the United Kingdom, France, and other countries -- keeping in mind our report was well in advance of the "Arab Wave" revolt -- would come to the United States, it would be due to a state-by-state economic collapse... Based on the worker and student revolts that began in Madison, Wisconsin and are now spreading to Columbus, Ohio; Lansing, Michigan; Tallahassee, Florida, and soon, other states, it now appears that the prognostication of a former top White House economic adviser is coming to pass...

We reported: "A top economic adviser to the Democratic Party, speaking on deep background, told us that the domino-like collapse of the economies of Iceland, Greece, Ireland, and, now, possibly Spain, is coming also to the United States... One of the triggering mechanisms will be at the end of this month when two million idled workers, now collecting unemployment, will be dropped from the rolls. At the end of December, another two million workers will join the ranks of those who have exhausted their unemployment benefits and a total of 4 million Americans will be without unemployment checks and face destitution...

Four million Americans will put financial pressure on municipalities and state governments already facing bankruptcy... Unlike Iceland, Ireland, Greece, Portugal, and, to some extent, Spain, which have strong central government control, the United States is a federal republic and, as such, the collapse of the economy will be state-by-state and begin at the municipality level, according to our source who has contacts within the Obama White House and the Democratic leadership of the Congress."

In Wisconsin, Ohio, Michigan, and Florida, Republican governors elected with Koch Industries and other corporate funding through the Republican Party contrivance known as the "Tea Party," began slashing state budgets at the expense of state employees and students while handing huge tax breaks to corporate fat cats and the super-wealthy...

http://www.veteranstoday.com/2011/02/18/syed-zaidi-raymond-davis-an-american-tweetie-bird/

The always complicit corporate media is doing its best to downplay the impact of the first wave of state-by-state revolts across the country.... And it now should come as no surprise why Senator Joe AIPAC Lieberman, who represents the uber-rich elites of tony Connecticut towns like Greenwich, Darien, and New Canaan, and his West Virginia colleague, Senator Jay Rockefeller of the American robber-baron clan, backed the idea of an Internet "kill switch." Just as occurred with the Mubarak regime in Egypt, the oligarchs will cut off Internet and cell phone-based social media communications if they feel that their entrenched interests are threatened by a massive revolt by the American people...

Currently, on the CIA-influenced Google search engine, articles, such as those on labor union websites, linking the events in Madison, Columbus, Lansing, Trenton, and planned protests in other state capitals, are not easy to find... After news that the U.S. Chamber of Commerce, the law firm Hunton & Williams, HBGary Federal, Pentagon contractor Palantir Technologies (which has taken over the walls and floors of the Pentagon Metro station with its advertisements -- photographs prohibited), and Berico Technologies conspired to infiltrate activist groups and their websites, with Justice Department approval, the writing is on the wall for America's workers, students, and middle class. It is a warning sign of things to come...

Now that the Supreme Court has ruled in Citizens United v. Federal Election Commission that corporations are people and they have the right to donate as much money as they want to candidates for office, it should come as no surprise that corporate-backed Tea Party Republican governors now sit in office in Madison, Columbus, Lansing, Tallahassee, Augusta, Harrisburg, and other state capitals. Now that the Supreme Court has sanctioned corporations owning the electoral process in the United States, it was no surprise to hear protester calls in Madison for budget-slashing-for-the-working class and tax cuts-for-the-wealthy Governor Scott Walker to be removed from office, just like Hosni Mubarak in Egypt...

And in Wisconsin, we have witnessed, for the first time, reluctance by the National Guard to put down protests while seeing the state police and firemen joining protesters. Without the fire power of the Guard and the police at their disposal, corporate lickspittle governors like Scott Walker in Wisconsin, John Kasich in Ohio, Rick Snyder of Michigan, Rick Scott of Florida, and others of their ilk are mere "paper tigers." The Tea Party fanatics are calling for governors to declare the protests a "law and order" issue and call out the Guard and police... It is instructive that most Tea Party Republicans in the Congress voted to renew three provisions of the Patriot Act, a law that protects the interests of corporate America and its military-industrial complex and infringes on the constitutional rights of the American people. The Tea Partiers are the same military service-dodging cowards, who masterminded the Infamous White House Murder INC, in the Levant and elsewhere....and, who called for U.S. military action in Iraq and Afghanistan, and now call for it in Iran... Given a popular revolt, they, like their comrades in Cairo and Tunis, will be the first to flee to the safety of their gated communities and off-shore time-share condominiums...

http://www.youtube.com/watch?gl=US&feature=player_embedded&v=yZjPCJfvV0M

Without the Guard and police at their disposal, the Tea Bag state leaders, installed by corporate bags of cash, are ripe to be physically hauled out of their offices and de-throned as governor by the popular will. And after Main Street, the next stop on the itinerary is Wall Street. And that puts Washington in a bind: will it disengage U.S. troops from Iraq and Afghanistan to fight state revolts at home or maintain the neocon fool's errand of fighting a phony war on terrorism against poverty-stricken people in some of the most remote areas on the planet?

Either way, the spreading of the anti-elite European, African and Arab revolts to Main Street America will turn Washington, DC into a capital city without a country to govern -- it will be another Brussels, a capital in name only and a quaint tourist attraction with no real power. And that will be a great event for America and all the world's people and other living things, yearning to free themselves fro lies, deceit and wars of oppression globally....America can no longer afford wars around the world. Period... Time to bring the troops home to add to the unemployment rolls....


Yesterday, House Budget Chairman Paul Ryan said "It's like Cairo's moved to Madison these days."

Noam Chomsky said that the Wisconsin protests might be the start of a "democracy uprising".


Top trend forecaster Gerald Celente has been predicting a revolution in America for years, stemming from Wall Street's pillaging of the economy.

Indeed, top American and international military commanders have warned for years that the financial crisis could lead to revolution.
Even ultimate political insider Chris Dodd said in 2008:
If it turns out that [the banks] are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay.
Of course, the big banks are hoarding, and refusing to lend to Main Street. In fact, they said in 08 that they would....

Thursday, February 17, 2011

Moscow eyes power control


There is an incredible amount of oil out there .... the problem has never been getting it .... the problem has always been government interfering in the industry and on how it operates.

After what happened last year with the BP oil blowout in the Gulf of Mexico, and how the White House approached this environmental disaster by forcing BP to cough out $20 billion .... I am not surprised to read stories
like this one .... and all the speeches in the world are not going to change that. Mind you we are not the only ones who has a government that stumbles on how energy should be delivered .... the British are in a class of their own.


Moscow eyes power control...
By Roman Muzalevsky

http://search.japantimes.co.jp/cgi-bin/eo20110218a1.html

As Central Asia opened up to the rest of the world after the collapse of the Soviet Union opportunities emerged for the regional countries to build links with Europe, Southeast Asia, and the Middle East. This has proved to be significant in the development of cross-regional energy and transport corridors.
...



These "bridge" initiatives serve to strengthen the sovereignty of the republics in the region that is often proclaimed by Russia to be a zone of its privileged interests, while facilitating the development of economic and political linkages between countries and regions.

The Baku-Tbilisi-Ceyhan and the Turkmenistan-Uzbekistan-Kazakhstan-China pipelines are examples, like the prospective Nabucco pipeline that could bring gas from the Caspian through the Caucasus to Europe. Two other initiatives may materialize in the near future: the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project (TAPI), promoted by Ashgabat after recent gas-related rifts with Russia, and the Central Asia-South Asia electricity scheme (CASA-1,000), designed to bring electricity from Kyrgyzstan and Tajikistan to Pakistan and Afghanistan. They could cost about US$4 billion and $1 billion respectively and deliver up to 33 billion cubic meters (bcm) of gas and 1,000 megawatts of electricity annually.

In December 2010, TAPI participants agreed to construct the pipeline, while CASA parties are close to completing the related feasibility study. Yet, the picture would not be complete without Russia's potential role in the projects and the broader region, which may find itself in a power vacuum after the military withdrawal of coalition forces from Afghanistan. Moscow has recently pushed very actively for its own participation in the TAPI and CASA-1,000 projects, after it initially considered taking part in such initiatives during the Soviet era and in the 1990s.

Some discern in Russia's interests the desire to control energy markets centered on the gas-rich Turkmenistan and water-rich Kyrgyzstan and Tajikistan, which it does not want to fall into the hands of others on non-Russian terms. By advancing and participating in TAPI, Moscow could purportedly divert Turkmenistan away from the trans-Caspian energy initiatives bypassing Russia and also lay the groundwork for the reorientation of Russia's own gas market to the rapidly emerging Asia.

Others believe Russia wants to develop a north-south geopolitical axis, whereby it could also attempt to promote, on its terms, the emergence of Novyi Sredniy Vostok: a geopolitical space extending from Russia across Central-South Asia to the Middle East, which could compete with similar plans, allegedly spearheaded by the US to the disadvantage of Russia and China, like the "Greater Middle East" or the "Greater Central Asia".

These arguments are not necessarily exclusive. But the reality is that Moscow can no longer afford to enforce or dominate the geopolitical dynamics in Central Asia alone. In this context, the positions of the TAPI and CASA participants on Russia's potential role in these projects are crucial determinants. Turkmenistan is very concerned about what it views to be Moscow's efforts to join TAPI and derail Nabucco at any cost.

Last October, Russian Deputy Prime Minister Igor Sechin reportedly said that Moscow and Ashgabat were exploring the possibility of Russian participation in the TAPI project, while downgrading the prospects for Nabucco. Ashgabat denied the information, saying the "statements are treated in Turkmenistan as an attempt to hinder the good course of international collaboration of our country in the energy sphere and cast doubt on commitments to our partners". It also stated that no agreements concerning the Russian participation in the TAPI project existed.

Unlike Turkmenistan, Pakistan, Afghanistan and India have all expressed their support for Russia's participation in the TAPI project, provided all parties agree. Most recently, Islamabad did so last November, while Kabul followed in January of this year during President Hamid Karzai's meeting with his Russian counterpart, Dmitry Medvedev, in Moscow. During the meeting, both presidents agreed to expand their economic and security cooperation, which could prove useful for Afghanistan if the North Atlantic Treaty Organization (NATO) withdraws from the country. Russia currently plans or already implements some energy and transport projects in Afghanistan. It remains to be seen whether Moscow will participate in the TAPI initiative, but one thing is clear: Ashgabat is likely to stand in the way.

As for the CASA-1,000, Moscow offered to invest US$500 million in the venture. The Asian Development Bank and participants in the scheme view Moscow's role as instrumental given the project's financial constraints. Meanwhile, the US has appeared more cautious. Last September, US Assistant Secretary for Central and South Asia, Robert Blake, denied speculation about the alleged struggle between the US and Russia on the CASA-1,000 related issues, saying Washington expects to see the results of the feasibility study before adopting any position.

One such issue is the energy dispute between upstream Tajikistan, keen on enhancing its energy security by pursuing hydro energy projects, and downstream Uzbekistan, concerned for its cotton-dependent agriculture. Dushanbe relies on Moscow for political, financial, and technological support in its energy initiatives. However, the prospects exist: Russia has already invested about $600 million in the country's Sangtuda-1 power station, but it has been circumspect on Tajikistan's Rogun and Kyrgyzstan's Kambarata hydro ventures (which may be necessary for CASA-1,000 to succeed) for fear of distancing Uzbekistan.

Russia, Tajikistan, Pakistan and Afghanistan also seek to bolster their energy, trade, transport, and security cooperation. Besides participating in the CASA-1,000 project and the anti-drug quartet launched in 2009, its members are also considering building a transport artery through the Afghan Wakhan corridor.

Despite their clear prospects and benefits, the TAPI and CASA-1,000 projects also face daunting technical, financial, and political challenges, intermeshed with geopolitical designs of numerous players, not least the US and Russia. If realized, both projects would expand the portfolio of options available to the countries in Central and South Asia to promote their development in concert. But the question that would still remain unanswered in many capitals is: on whose terms?


....

South Stream feints again....
By Robert M Cutler

MONTREAL - The information wars around the competing pipeline projects to take gas from the Caspian Sea basin into Europe have intensified, reflecting the crucial period for final investment decisions that project planning has now entered.

The basic opposition that exists, despite occasional disclaimers from various quarters, is between the European Union-supported Nabucco pipeline, which is planned to pass through Azerbaijan, Turkey and Southeast Europe to Central Europe, and the Russian-sponsored South Stream project. The proposed route of the second has continually been revised over the years, reflecting among other things the absence of a full feasibility study.

As now planned, the South Stream route would go from Russia under the Black Sea to either Romania or Bulgaria (still not finally decided), then through Serbia and Hungary into Austria, possibly with one or two spurs passing through Slovenia. Several years ago, it had been conceived that a separate South Stream branch would trace a route through Serbia, Hungary and Slovenia into Italy. Supply to the Italian market, is now being considered instead through a separate Balkan spur into Greece, across the Peloponnesus, under the Ionian Sea to the heel of Italy's boot.

Thanks mainly to German lobbying in Brussels, the European Union decided in the end to support construction, now underway, of the Nord Stream natural gas pipeline from Russia under the Baltic Sea to Germany. Since EU policy documents call for the diversification of sources, the Russian-backed South Stream pipeline has been regarded skeptically in Brussels, and also for other reasons.

Given that Nabucco would eventually take quantities of natural gas from Turkmenistan to Europe, the South Stream project has been correctly viewed as a blocking move by Russia against Nabucco - just as the Russo-Turkish Blue Stream gas pipeline under the Black Sea between the two countries a dozen years ago successfully blocked the Trans-Caspian Gas Pipeline (TCGP - routed by way of Turkmenistan-Azerbaijan-Turkey-Europe) project of that time.

As a result of the proposed South Stream spur through Greece into Italy, the EU begun encouraging the Nabucco consortium to consider merging with the Italy-Turkey-Greece Interconnector (ITGI). The ITGI actually comprises two interconnectors. The Interconnector Turkey-Greece (ITG) already runs 295 kilometers connecting the two named national networks, but the Interconnector Greece-Italy (IGI) is on hold. When constructed, the latter would run 800 km, including 215 km on the floor of the Ionian Sea. The subsea section is also known as the Poseidon pipeline.

The possibility must be considered that South Stream's idea of a spur through Greece to Italy is a bluff, because Italy's gas market is already oversupplied. (That may change if significant unrest in Libya continues, since Italy at present imports about 10 billion cubic meters of natural gas per year from the country.) In objective terms, the idea of this spur distracts attention and creates uncertainty during a crucial period leading up the Nabucco project's final investment decision.

Also, the idea of a South Stream spur to Greece and Italy threatens to co-opt the Interconnector Greece-Bulgaria (IGB) project that the IGI partners recently signed. South Stream's own public documentation clearly suggests that the path of its own Greece-Italy spur would follow exactly the IGB route (also incorporating the Poseidon pipeline project) once it got to Thessaloniki in Greece's northeast. The IGI is competing with Nabucco and yet another project, the Trans-Adriatic Pipeline (see
Nabucco, and Baku, filling up on gas, Asia Times Online, May 14, 2010), for natural gas supply from the Phase Two development of Azerbaijan's offshore Shah Deniz deposit.

However, IGI is at a bit of a disadvantage here: it would depend on the Turkish natural gas pipeline system including the notorious Ankara bottleneck, whereas Nabucco would construct a new pipeline; also, it conceded to Turkey a 15% lift-off provision that the Nabucco consortium successfully resisted. A Nabucco-IGI hookup would solve IGI's transit problems in Turkey, allow it to source gas from northern Iraq (and eventually Turkmenistan) in addition to Azerbaijan's Shah Deniz Two.

Still more striking, Nabucco-IGI cooperation (even if there is not a formal merger) would create a gas pipeline ring comprising Central and Southeast Europe plus Italy and Greece. The ITGI leaders resisted this idea when it was first floated, but now they say there is no obstacle in principle to booking capacity for itself through Nabucco. Indirect discussions appear to have been taking place between representatives of the two consortia, but they have not reached the point of direct detailed exchanges. Any specific ideas would eventually require consideration by consortium members within each consortium.

A problem that did not exist before this idea was floated is that an IGI track for Nabucco would represent a modification of the latter's original route plans, for which feasibility studies are complete and detailed engineering studies are in the process of completion. One proposed "solution" is to conceive two phases of implementation of the EU's Southern Gas Corridor project, with the first creating a spur to Greece and through to Italy and the second following the originally planned route to Austria.

Assuming that the natural gas comes from Azerbaijan's Shah Deniz Two development, Azerbaijan will participate in deciding who the buyers will be. The idea already exists to interconnect, with the original planned Nabucco route, the national networks of various southeast European countries; Azerbaijan would be very happy to sell its gas to these countries. However, prioritizing a merged Nabucco-ITGI route to Italy would distract from that possibility.

Although Azerbaijan may possibly be just as happy to sell its gas to Italy (unlikely, however, since it would not have security of demand due to current oversupply to the latter), such a division of the Southern Corridor project into the two aforesaid stages would risk leaving the southeast European field open to South Stream to follow its originally planned track into Austria.

Thus while South Stream proponents seek to justify the idea on rational grounds, its objective result is to give the appearance of a feint, a maneuver to divert attention and confuse priorities at the time when Nabucco is preparing its final investment decision. It has taken many years to bring the Nabucco project to its present situation, and if the opportunity is not realized now, then the necessary political dynamics will not present themselves again for quite some time.

Everybody who is involved knows that. While South Stream may be happy to take an IGI route if it can get one, still it would be up against the same economic, geophysical, organizational, and financial obstacles that have prevented Nabucco and IGI from reaching agreement already. Sowing confusion at the present crucial time is, at a minimum, a side-effect of South Stream's proposal for an IGI hookup.

The idea of splitting the Southern Corridor project explicitly or even implicitly into phases opens up other possibilities, which depend upon the political evolution in North Africa. Still more important than Libya for the EU energy balance is Algeria, which accounts for roughly 30% of all European gas imports through numerous pipelines and liquefaction projects. Any serious long-term disruption of that production would offer Nabucco increased opportunities to send gas to Southern Europe, although either the throughput capacity of the Italian network would have to be increased or new pipelines built further westward.

That in turn would open up the field in Central and Eastern Europe still more widely to the White Stream pipeline project, which would take Caspian Sea basin natural gas to the Georgian coast and then under the Black Sea directly to the EU member states themselves, making landfall in Romania. (See
Caspian gas closer to Europe, Asia Times Online, January 20, 2011.) It is not even necessary to assume that each proposed stage of EU Southern Gas Corridor implementation depends upon Nabucco alone, since the EU already includes the White Stream project programmatically under the Southern Corridor umbrella, and White Stream has already completed all necessary feasibility studies.

It is of interest that the idea of combining Nabucco and South Stream is no longer mentioned by any one. This idea had been spontaneously bruited almost a year ago by Paolo Scaroni, head of Italian energy company Eni, a South Stream participant, when it became publicly evident that Nabucco's momentum was clearly overtaking that of his company's joint venture with Gazprom. (See
Locks turn in Nabucco door, Asia Times Online, March 12, 2010.) It was immediately and publicly rejected by his Russian partner. It nevertheless contributed to the confusion and distraction over Nabucco that South Stream is now seeking to feed.

The reason why this idea is no longer discussed is that South Stream is simply not part of the EU's Southern Gas Corridor, which is designed to avoid overdependence on Russia. The subterfuge used by those favoring South Stream now is to speak not of the Southern Corridor but of a "fourth corridor" for transit of hydrocarbon energy to Russia.

The "fourth corridor" locution even appeared in a recent Guardian article that suggested that the cost of constructing Nabucco would increase above existing estimates because of the rising price of minerals required to cast the pipes. This would be true for any pipeline including South Stream, which is officially projected already to cost several times the estimate for Nabucco, but that fact went unmentioned.

While discussion in terms of a "fourth corridor" has the appearance of neutrality and objectivity, in fact it covers over an antipathy to the EU's strategic project for the Southern Gas Corridor as defined in officially adopted programmatic documents. Moreover, it only prolongs further the delay in creating a proper organizational design for the Caspian Development Corporation (CDC) by delegitimizing the very idea of this.

The creation of the CDC was mandated by the highest decision-making instances of the EU almost two years ago. It would facilitate the implementation of the purchase and delivery contracts not only for the Nabucco project but for all other Southern Gas Corridor projects as well.


Iran gas pipeline to Pakistan on hold
....?
By Robert M Cutler

MONTREAL - The bilateral Iran-Pakistan gas pipeline project is now officially suspended, as the IRIB (Islamic Republic of Iran Broadcasting) website on Sunday quoted Ali Reza Gharibi, the Iran Gas Engineering and Development Company's managing director, as saying that "construction of the ... gas pipeline for export of natural gas from Iran to Pakistan will continue as of next spring", without giving a reason for the suspension.

Events, or their absence, have confirmed the skepticism that in some quarters met rumors of the deal even before the signature of the inter-governmental agreement last May on the basis of an understanding on pricing reached two months earlier. (See Iran-Pakistan pipeline not a done deal, Asia Times Online, June 26, 2009.)

Readers will recall that for a long time there was much talk about an Iran-Pakistan-India (IPI) gas pipeline project. (See Delhi's options beyond Iran, Asia Times Online, March 28, 2006.)

The US-Indian civilian nuclear accord of 2008 is often considered as the carrot that finally tempted New Delhi to cancel its interest in the IPI pipeline, but this interpretation glosses over Iran's severe bargaining maladroitness, which took its toll. The Indian negotiators got tired of Teheran's representatives trying continually to reopen closed chapters of negotiation, insisting on providing a low-quality rather than a high-quality product, and proposing to charge liquefied natural gas prices for gas delivered overland.

The Iran-Pakistan pipeline, supplied by gas from the South Pars field, is planned to begin in Iran's Assalouyeh Energy Zone in the south and run over 1,100 kilometers before crossing the border with Pakistan. Initial capacity is said to be 22 billion cubic meters per year (bcm/y) with a possible final-stage volume of 55 bcm/y.

However, this seems unrealistic in any definite future, as recent statements by Iranian officials involved in the project have made clear that the "final-stage" volume would be achieved only by Pakistan's laying a pipeline inside Iran parallel to the one whose construction has just been suspended.

The tenuous nature of the project's planning is further indicated by the fact that, although Iran says that it has already completed construction of much of the pipeline on its own territory, even the approximate route of the pipeline through Pakistan remains in doubt. Inside Pakistan, it is planned that the pipeline would transit Balochistan and Sindh, but officials there candidly state that the route could change if China's general expressions of interest take more definite shape.

So it is still not certain where the gas will go if it ever gets from Iran into Pakistan. One strong possibility for a long time was that it would go to Pakistan's port at Gwadar in the country's southwest Balochistan, for liquefaction and transport by sea to China. That port opened a little over two years ago following a massive Chinese contribution of both capital and labor to its construction.

A year later, however, China decided not to pursue its plans to construct a 200,000 barrel-per-day oil refinery there, of which it had been intended to send the product northward through Pakistan into southwestern Xinjiang, whence eastward to the energy-hungry Chinese coast.

The reasons given for the unexpected decision were financial, but the lack of security in Balochistan must also have played a role. It is theoretically not out of the question that gas from Iran might go through Balochistan northward following the just-mentioned route. (See Xinjiang: China's energy gateway, Asia Times Online, July 10, 2009.) However, the region is passing through yet another heightened period of social unrest and vocal if not sometimes armed dissatisfaction with the central authorities. Probably it was also feared impossible to guarantee the physical safety of Chinese workers.

Six-sevenths of the 780 kilometers of pipeline to be laid in Pakistan under the present design would go through Balochistan on its way to Sindh. Balochistan province covers four-ninths of the territory of the country although only one-sixteenth of the population lives there. It is one of the poorest parts of Pakistan, but its inhabitants would not under current plans much benefit at all from the industrial construction through their region.

Complicating the situation still further for proponents of the pipeline is the country's still only partial recovery from the July-September 2010 floods. Not only are the power infrastructure and the road systems (including many bridges) yet to be fully re-established, respectively essential for electricity for construction activity and transport for construction materials, but also unexploded ordnance has been washed downstream towards the areas of potential construction sites.

The submersion of much of Pakistan's most fertile cropland would complicate the feeding of construction workers even if transport were fully restored, and even if the local population itself were fully provisioned, neither of which is the case or is likely to be so in the foreseeable future.

The loss of employment due the floods will only increase pressure to reorient any pipeline construction project in the direction of benefiting the local population and not have workers brought in from elsewhere. Yet many of the jobs would be skilled and even minimal training for peripheral jobs assisting the construction would be yet another expense that would complicate whatever plans still exist.....


"Oil price shock"

A group of European economists are now predicting an "Oil price shock" for America as a consequence of the destabilization of Middle Eastern regimes and continued depreciation of the American dollar.

Their belief is that the post 1945 world order is crumbling very quickly now and will be replaced by a new arrangement. Their view is that Governments, the media, punditry and commentators have been deliberately avoiding talking about the increasing instability of international financial systems that they believe has been evident for the last Five or more years.

There are elements of schadenfreud or European snark in their depiction of Western Governments caught flat footed by developments in the Middle East. They paint the West, lead by America, as "backward looking."

In my opinion, the death grip that corporate interests (including AIPAC) have on all the American legislatures precludes rational analysis of Americas best interests, both domestic and foreign, let alone a coherent set of strategies to address them. The Obama Administrations ongoing late and lukewarm response to Middle Eastern events being a case in point.

I also suspect that there are leaders outside the Middle East who are disconcerted by what has happened in Egypt. The longer Washington remains paralyzed, the worse the eventual disruption will be. Events in Madison, Wisconsin are a tiny harbinger of what must eventually come.


http://www.leap2020.eu/GEAB-N-52-is-available-Global-systemic-crisis-World-geopolitical-breakup-End-of-2011-Fall-of-the-Petro-dollar-wall-and_a5927.html

AIPAC is already working its wonders on behalf of the fatherland and the junior senator from NY has started the march:


http://www.thejewishweek.com/news/national/bipartisan_push_congress_tougher_iran_sanctions

They seem to forget that two Israeli nuclear subs were allowed to transit through the Canal from Israel in 2009 to patrol the sea lanes near the coast of Iran....and that Israel has a huge MOSSAD listening station in Sharjah...across from Iran....

http://en.wikipedia.org/wiki/United_States_Fifth_Fleet



Nabucco faces cost surge.....
By Vladimir Socor

The Nabucco pipeline consortium has discreetly postponed its final investment decision by another year, this time until early 2012, with construction to start in 2012 "at the earliest". The investment decision had previously been postponed in October 2010 for 2011, targeting this year's first or second quarter.

Counter-offers from Russian gas monopoly Gazprom with its South Stream project, and its political allies in Europe, have only minimally and indirectly contributed to Nabucco's latest postponement. The main reasons behind it include: a significant challenge to Nabucco's official cost estimate, tardiness in accessing Turkmen gas, and unresolved competition between Nabucco and two other transportation projects over priority access to Azerbaijani gas.

On February 21, BP's challenge to Nabucco's official cost estimate became public via The Guardian, whether through a scoop or a leak. BP is the project operator at Azerbaijan's Shah Deniz gas field, whose Phase Two of production is the designated source for Nabucco's first stage. BP apparently evaluates the Nabucco pipeline's construction costs at 14 billion euros (US$19 billion), a far cry from the Nabucco project management's estimate of 7.9 billion euros.

BP and Nabucco's Austrian-led management had intensely debated their conflicting estimates behind closed doors, in preparation for investment decisions and gas procurement tender. During those backstage debates, BP complained that the Nabucco management's cost estimate was insufficiently substantiated.

Nabucco's Viennese management dismisses BP's estimate as "pure speculation", and defends its own cost estimate, citing feasibility studies. Meanwhile, the Nabucco management is preparing a re-evaluation through the ongoing phase of detailed engineering work. Its figure of 7.9 billion euros dates back to May 2008 (at which point it surpassed the previous cost estimate by some 50%).

For its part, BP cites the surge in steel prices since 2010 as a factor driving up the pipeline's costs. According to BP, "the Shah Deniz Consortium is keen to work with the Nabucco and other pipeline groups to make sure that a viable pipeline brings Azerbaijani gas to Europe in the near future."

All this seems to position BP rather suddenly as a Nabucco-skeptic, with hints at other possible choices. A Nabucco cost increase of the magnitude suggested by BP would (if substantiated) render the Nabucco project unbankable and moot.

By the same token it would transfer the advantage to Nabucco's rival, the Interconnector Turkey-Greece-Italy (ITGI, led by Italian Edison), for access to Shah Deniz gas. If the price of steel becomes the main argument in assessing cost effectiveness, ITGI wins simply because it would use the existing Turkish pipelines (with some upgrades), rather than building its own pipeline through Anatolia as the Nabucco project would.

In addition to its originally planned trunkline, Nabucco needs a feeder line in southeastern Turkey for gas from Iraq's Kurdish region. Building that 550-kilometer line would increase the Nabucco project's overall costs. According to the Nabucco company's chief executive, Reinhard Mitschek, leasing the existent Turkish pipelines along that route, instead of building a new line, would avoid that hefty cost increase. The company would only build its own feeder line from the Iraqi border to the Nabucco trunkline if a lease agreement cannot be reached with Turkey's state pipeline operator Botas.

The European Commission has all along treated Nabucco as the strategic pipeline and funding priority, within the Southern Corridor. Compared with Nabucco's planned annual capacity of 31 billion cubic meters, ITGI's 10 bcm targeting a cul-de-sac Italian destination is a non-strategic add-on.

However, ITGI and yet another Italy-bound, 10 bcm project, the Trans-Adriatic Pipeline (TAP, driven by Norway's Statoil), are each competing against Nabucco over priority access to Azerbaijani gas. The Shah Deniz consortium is preparing a tender to choose the buyer, or buyers, for the planned Phase Two of that field's production.

The European Commission cannot officially take sides between the competing pipeline consortia, nor directly influence the choice to be made by the producers' consortium. Moreover, given the possible upward revision of Nabucco's project costs, the commission now encourages the three rival pipeline projects to consider options for working with each other.

According to Energy Commissioner Guenther Oettinger, the "European Commission would welcome any cooperation that contributes to achieving the objectives of the Southern Corridor." The forms of such cooperation, however, remain unspecified, and are far from being self-evident. The Nabucco consortium regards its project as a stand-alone and does not discuss any kind of merger with another project.....


South Stream may disappear
Russia's South Stream project to transport gas via the Black Sea to Serbia and Europe has undergone numerous rethinks over the years. Outright disappearance is the latest possibility, although the project's head is still in the dark on that one. - Robert M Cutler



Tuesday, February 15, 2011

Inequality Causes Crashes and upheavals...

Inequality, Fraud, Wars and utter corruption Cause Crashes and severe upheavals...and more !!!


If you think that only liberals are concerned about inequality....,




In his definitive study of the Great Depression, The Great Crash, 1929, John Kenneth Galbraith wrote:

There seems little question that in 1929, modifying a famous cliché, the economy was fundamentally unsound. This is a circumstance of first-rate importance. Many things were wrong, but five weaknesses seem to have had an especially intimate bearing on the ensuing disaster. They are:

(1) The bad distribution of income. In 1929 the rich were indubitable rich. The figures are not entirely satisfactory, but it seems certain that the five per cent of the population with the highest incomes in that year received approximately one-third of all income. The proportion of personal income received in the form of interest, dividends, and rent – the income, broadly speaking, of the well-to-do – was about twice as great as in the years following the Second World War.

This highly unequal income distribution meant that the economy was dependent on a high level of investment or a high level of luxury consumer spending or both. The rich cannot buy great quantities of bread. If they are to dispose of what they receive it must be on luxuries or by way of investment in new plants and new projects. Both investment and luxury spending are subject, inevitably, to more erratic influences and to wider fluctuations than the bread and rent outlays of the $25-week workman. This high bracket spending and investment was especially susceptible, one may assume, to the crushing news from the stock market in October 1929.

Galbraith wrote that in 1954.

Marriner S. Eccles - Federal Reserve chairman from 1934 to 1948 - made a similar point in his 1951 book Beckoning Frontiers:

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth -- not of existing wealth, but of wealth as it is currently produced -- to provide men with buying power equal to the amount of goods and services offered by the nation's economic machinery. Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. This served them as capital accumulations. But by taking purchasing power out of the hands of mass consumers, the savers denied to themselves the kind of effective demand for their products that would justify a reinvestment of their capital accumulations in new plants. In consequence, as in a poker game where the chips were concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped.

Numerous prominent economists in government and academia have since agreed that large inequalities can cause - or at least contribute to - financial crises, including:

Paul Krugman and Simon Johnson are also open to the possibility..

In addition, a large and healthy middle class has long been understood to lead to political stability. But America's middle class is being decimated.

Given that revolts are partly being waged in a number of Arabic countries because of inequality, and that inequality in America is worse than Egypt, Tunisia or Yemen, this is a cause for concern. (As NPR notes, inequality in America is now also worse than in many Latin America banana republics.)

As Robert Shiller put it recently:

I think inequality is a huge emerging problem, and that our society has to think about dealing with it in a constructive and real way – not through ‘Let them eat credit,’ [a reference to the "let them eat cake" statement of the soon-to-be-deposed French aristocracy] not through wishful thinking. We have to understand how we get inequality and what we can do about it.

Shiller said in 2009:
To me, I would hope that this would spur public discussion about the structural problem that inequality, economic inequality, has been worsening in the United States and in other countries for 30 years. And it's gotten really -- especially at the high end -- it's gotten really off.

And it's not like we want to level income. I'm not saying spread the wealth around, which got Obama in trouble. But I think, I would hope that this would be a time for a national consideration about policies that would focus on restraining any possible further increases in inequality.

This, I think, is potentially the big problem which is bigger than this whole financial crisis.

***

If these trends that we've seen for 30 years now in inequality continue for another 30 years, we're going to look like -- it's going to create resentment and hostility. It's not a country that -- we could turn into a country that even the rich would rather not be in.


Renowned behavioral economist Dan Ariely (Duke University) and Michael I. Norton (Harvard Business School) recently demonstrated that everyone - including conservatives - thinks there should be more equality.

Their study found:

Respondents constructed ideal wealth distributions that were far more equitable than even their erroneously low estimates of the actual distribution. Most important from a policy perspective, we observed a surprising level of consensus: all demographic groups—even those not usually associated with wealth redistribution such as Republicans and the wealthy—desired a more equal distribution of wealth than the status quo.
Ariely comments:
Taken as a whole, the results suggest to us that there is much more agreement than disagreement about wealth inequality. Across differences in wealth, income, education, political affiliation and fiscal conservatism, the vast majority of people (89%) preferred distributions of wealth significantly more equal than the current wealth spread in the United States. In fact, only 12 people out of 849 favored the US distribution. The media portrays huge policy divisions about redistribution and inequality – no doubt differences in ideology exist, but we think there may be more of a consensus on what's fair than people realize.
How could the media portrayal regarding this issue be so wrong?

Well, for one thing, as a study the Pew Research Center found, the corporate media tends to take Wall Street's view on economics....
The financial sector has been by far the biggest beneficiary of government policies over the past 10 years or so. So the media tends to defer to Wall Street's own arguments against equality.

Many conservatives are, of course, opposed to a redistribution of wealth via raising taxes on the wealthy. The conservative argument is straightforward: people who have worked harder should be able to earn more money by the sweat of their brow. If we tax the wealthy in order to redistribute wealth to help the poor, then no one will be motivated to work hard, as the wealthy will be penalized and the poor can sit back and take hand-outs.

Whether you agree with that argument or not, everyone agrees that a system which uses the power of the state to reward the fraud and gambling of the largest banks and biggest corporations through socialism for the rich and capitalism for everyone else is not free market capitalism, and is downright anti-American.

The bottom line - as conservative blogger Michael Rivero writes - is that too much inequality kills the market:
For an economic system to be a system, money must flow freely at all levels and in all corners. When those in charge of the system decide to so order the mechanisms of the financial sector to drive the money into a single huge pile, the system cease to be a system and a crash becomes inevitable. One might as well force all the blood in your body to stay in the brain. The end result is the same; death for the body....


Go Global with Democracy, Freedom, Independence and Liberty!
From the genocide of Native Americans, to Dresden and Hiroshima, to Palestine, to Vietnam, to Fallujah, Guantanamo, Abu Ghraib, to the successive US/Israeli wars on Lebanon since 48..., to the Infamous White House Murder INC, in the Levant--it would all suggest we've had/have US leaders capable of horrendous crimes and who were little bothered by twinges of conscience.... Meanwhile, the far right and others..., with no trace of irony, speak about "American exceptionalism..."
Democracy, government of, for and by the People- one citizen one vote- is quite opposite of corporate structure that is an authoritarian dictatorship with the single mindedness of making profit in the most efficient manner.

American multinational corporations that grew from our generous and benevolent American Democracy are ungrateful and undemocratic by nature and the People’s interest has always stood in their way from complete rule with utter corruption.... Look at the 30 year anti- democracy movement in Education, government, and the main stream media that has resulted in the erosion of our Bill of Rights and our Constitution...

A host of first string, second string and third string corporate propagandists like Rush Limbaugh, Franchie, Glen Beck, Shawn Hannity, Bill O'reily and even Alex Jones and others, preach anti-democracy venom 24 hours a day to uneducated Americans thereby co-opting any grass root democracy movement...

None of these propagandists will answer the basic Civics question: What form of government are they in favor of to replace our Democracy? The people are so puzzled up with bull-shit from the propagandists they do not even know what a Democracy stands for!

The corporate empire spreading Democracy, Independence, Liberty and Freedom is not on the agenda or in their best interest, although they put on a charade to make it appear that they are in favor of Democracy.
The American multinational corporate empire structure matches perfectly with Communist China’s government corporate structure.... And so be it, the perfect marriage from hell has been consummated and their offspring is World Totalitarian Rule from the boardroom...
'One of the problems and barriers to growth is when you have both the political and economic monopolization of power in a single set of hands.'

These deep thinkers are on the right track but they really need to start looking in the mirror more often.

New Political Awakening = self determination...

Islam and Christianity are evangelistic religions always in conflict that around 1600 settled into an uneasy lines of separation south of Europe, up through the Balkans, across the Hindu Kush and in Asia across the Southern Philippine Islands. In response to this conflict, the Reformation in Europe led to capitalism, science and secularism (i.e. Thomas Jefferson). All tried to understand the world as it really was. This gave a profound advantage to the British. The sun never set on their Empire and their language. After WWII, America tried to take up their mantle. It did a passable job up to 1989. Then in a profound tragedy, as a result of the Eastern European revolution and the collapse of the Soviet Union, the neo-liberals seized power and the United States and the UK made the Great Jump back to Robber Barons, Colonial Wars and the 19th Century.

Four decades ago in SE Asia, there was a profound difference in outlook and temperament between native speakers and those who learned English in school and could communicate clearly in English . There are Islamists who never learned English. They have power locally, maybe nationally, but never internationally. This is why our colonial war against the Taliban is so stupid. Then, there are the English speakers that turn into CIA/MOSSAD Patsy Islamists..... a La false flag attacks of 9/11....

In the 21st Century there are the new secular international English speakers. Since the US and UK have jumped back a century, and are cutting government spending in face of utter greed/corruption, criminality and the Great Recession and continuing the forever wars, there will be millions and millions more unemployed in America, EU, Ireland and Great Britain. They will learn from the secular Egyptians through the internet, facebook and tweeter. The next Western revolutionary generation will take up the Egyptian cry; ‘We are prepared to die because we are already dead.’


We are all Tunisians, Egyptians and Libyans now....???


Moreover, the austerity measures which governments worldwide are imposing to try to plug their gaping deficits (created by throwing trillions at their banks) are causing people world-wide to push back.

As
of that 2008 year:

Numerous high-level officials and experts warn that the economic crisis could lead to unrest world-wide - even in developed countries:

  • Today, Moody's warned that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world, that in the coming years, evidence of social unrest and public tension may become just as important signs of whether a country will be able to adapt as traditional economic metrics, that a fiscal crisis remains a possibility for a leading economy, and that 2010 would be a “tumultuous year for sovereign debt issuers”.
  • The U.S. Army War College warned in 2008 November warned in a monograph [click on Policypointers’ pdf link to see the report] titled “Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development” of crash-induced unrest:
    The military must be prepared, the document warned, for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.” “An American government and defense establishment lulled into complacency by a long-secure domestic order would be forced to rapidly divest some or most external security commitments in order to address rapidly expanding human insecurity at home,” it went on. “Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DoD [the Department of Defense] would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance,” the document read.
  • Director of National Intelligence Dennis C. Blair said:
    "The global economic crisis ... already looms as the most serious one in decades, if not in centuries ... Economic crises increase the risk of regime-threatening instability if they are prolonged for a one- or two-year period," said Blair. "And instability can loosen the fragile hold that many developing countries have on law and order, which can spill out in dangerous ways into the international community."***

    "Statistical modeling shows that economic crises increase the risk of regime-threatening instability if they persist over a one-to-two-year period."***

    “The crisis has been ongoing for over a year, and economists are divided over whether and when we could hit bottom. Some even fear that the recession could further deepen and reach the level of the Great Depression. Of course, all of us recall the dramatic political consequences wrought by the economic turmoil of the 1920s and 1930s in Europe, the instability, and high levels of violent extremism.”

    Blair made it clear that - while unrest was currently only happening in Europe - he was worried this could happen within the United States.

    [See also
    this].
  • Former national security director Zbigniew Brzezinski warned "there’s going to be growing conflict between the classes and if people are unemployed and really hurting, hell, there could be even riots."
  • The chairman of the Joint Chiefs of Staff warned the the financial crisis is the highest national security concern for the U.S., and warned that the fallout from the crisis could lead to of "greater instability".
Others warning of crash-induced unrest include:
Unemployment is soaring globally - especially among youth.

And the sense of outrage at the injustice of the rich getting richer while the poor get poorer is also a growing global trend.

Countries worldwide told their people that bailout out the giant banks was necessary to save the economy. But they haven't delivered, and the "Main Streets" of the world have suffered.

As former American senator (and consummate insider) Chris Dodd in 2008:
If it turns out that [the banks] are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay.
Of course, the big banks are hoarding, and refusing to lend to Main Street. In fact, they said that they would. And the same is playing out globally.

As of this month:
Agence France-Press reports today:
The International Monetary Fund stands ready to help riot-torn Egypt rebuild its economy, the IMF chief said Tuesday as he warned governments to tackle unemployment and income inequality or risk war.

No wonder former U.S. National Security Adviser Zbigniew Brzezinski ... warned the Council on Foreign Relations that:

For the first time in human history almost all of humanity is politically activated, politically conscious and politically interactive. There are only a few pockets of humanity left in the remotest corners of the world that are not politically alert and engaged with the political turmoil and stirrings that are so widespread today around the world.

***

America needs to face squarely a centrally important new global reality: that the world's population is experiencing a political awakening unprecedented in scope and intensity, with the result that the politics of populism are transforming the politics of power. The need to respond to that massive phenomenon poses to the uniquely sovereign America an historic dilemma: What should be the central definition of America's global role?

[T]he central challenge of our time is posed not by global terrorism, but rather by the intensifying turbulence caused by the phenomenon of global political awakening. That awakening is socially massive and politically radicalizing.
It is no overstatement to assert that now in the 21st century the population of much of the developing world is politically stirring and in many places seething with unrest. It is a population acutely conscious of social injustice to an unprecedented degree, and often resentful of its perceived lack of political dignity. The nearly universal access to radio, television and increasingly the Internet is creating a community of shared perceptions and envy that can be galvanized and channeled by demagogic political or religious passions. These energies transcend sovereign borders and pose a challenge both to existing states as well as to the existing global hierarchy, on top of which America still perches.

***
That turmoil is the product of the political awakening, the fact that today vast masses of the world are not politically neutered, as they have been throughout history. They have political consciousness.

***

Politically awakened mankind craves political dignity, which democracy can enhance, but political dignity also encompasses ethnic or national self-determination, religious self-definition, and human and social rights, all in a world now acutely aware of economic, racial and ethnic inequities. The quest for political dignity, especially through national self-determination and social transformation, is part of the pulse of self-assertion by the world's underprivileged


***

We live in an age in which mankind writ large is becoming politically conscious and politically activated to an unprecedented degree, and it is this condition which is producing a great deal of international turmoil.

That turmoil is the product of the political awakening, the fact that today vast masses of the world are not politically neutered, as they have been throughout history. They have political consciousness....
Watch an excerpt:

http://www.youtube.com/watch?gl=US&feature=player_embedded&v=qawPPSxbrYw



Tuesday, February 8, 2011

Today it's Egypt in revolutionary mode, tomorrow it's USA....

sfgate.com; story h/t: Zero Hedge.

Debt is not the way to prosperity, it's the worst way...

Excerpt from The Great Global Debt Prison by Giordano Bruno, Neithercorp Press

If the Federal Reserve continues buying our debt with fiat, it means that the effects of the debt will only be delayed, the dollar will be dropped as the world reserve currency, and hyperinflation is a certainty. If they do not continue buying, then our government defaults, the country’s financial infrastructure ceases to exist, the dollar loses its world reserve status, and hyperinflation is a certainty. The banking elites haven’t just erected a prison, they’ve tossed us in Alcatraz!

Tunisia, Egypt, and Yemen, are only the beginning. The sting of inflation will be unbearable as austerity measures take hold in Europe, and the potential for riots in Greece, Spain, Portugal, France, Africa and many more Arab countries and Italy looms large. The most volatile environment on the planet to date, however, is the United States, which, as we have shown in previous articles, is being dismantled deliberately and viciously in preparation for IMF regulation and centralization. Today, the IMF is stalking Egypt, ready to pounce as the nation goes mad. Tomorrow, it will be us. I will be very surprised if we are not hearing about IMF intervention in the U.S. economy and the dollar by the end of this year, offering more debt, and more unaccountable governance.

http://geoplotical.blogspot.com/2011/02/trickery-and-slickery-americansisraelis.html

The secret to breaking the circle of debt is to adopt a policy of decentralization, and self sufficiency. To take back control of our local commerce and to establish micro-economies with self contained methods of trade. Debt must be removed from the equation altogether, and systems protected by flexibility and redundancy must be applied. Savings and meaningful production would have to take the place of endless spending and outsourcing. The claustrophobic nurse-maid philosophies of globalism would have to be cast aside and replaced with goals of independence and self reliance. By cutting our dependency on the corrupt establishment, we sever its ability to feed off of us. By building a better system, we make the faulty one obsolete. Whether or not we throw off the trappings of the debt machine is entirely up to us.

Two very important steps are required; the realization that debt is not the only way, and, the realization that debt is the worst way. Prosperity is not achieved at the expense of the future. The society that finally takes this fact to heart will accomplish incredible things indeed….


http://www.zerohedge.com/article/former-director-cia%E2%80%99s-counter-terrorism-center-american-policy-middle-east-failing-because-u


It is basic human nature that - if you catch someone lying about one topic - you will tend to doubt the truth of what he is saying in other areas as well.

So Americans' loss of trust in the government's political actions have also undermined their trust in the government's statements and actions in the economic field.

But there's another important reason for Americans' lack of trust in our government and our economy: the failure to prosecute the criminals.

Prosecuting the Criminals and Launching REAL Investigations Is Necessary to Restore Trust

One of the leading business schools in America - the Wharton School of Business - has written an essay on the psychological causes and solutions to the economic crisis. Wharton points out that restoring trust is the key to recovery, and that trust cannot be restored until wrongdoers are held accountable:

According to David M. Sachs, a training and supervision analyst at the Psychoanalytic Center of Philadelphia, the crisis today is not one of confidence, but one of trust. "Abusive financial practices were unchecked by personal moral controls that prohibit individual criminal behavior, as in the case of [Bernard] Madoff, and by complex financial manipulations, as in the case of AIG." The public, expecting to be protected from such abuse, has suffered a trauma of loss similar to that after 9/11. "Normal expectations of what is safe and dependable were abruptly shattered," Sachs noted. "As is typical of post-traumatic states, planning for the future could not be based on old assumptions about what is safe and what is dangerous. A radical reversal of how to be gratified occurred."

People now feel more gratified saving money than spending it, Sachs suggested. They have trouble trusting promises from the government because they feel the government has let them down.

He framed his argument with a fictional patient named Betty Q. Public, a librarian with two teenage children and a husband, John, who had recently lost his job. "She felt betrayed because she and her husband had invested conservatively and were double-crossed by dishonest, greedy businessmen, and now she distrusted the government that had failed to protect them from corporate dishonesty. Not only that, but she had little trust in things turning around soon enough to enable her and her husband to accomplish their previous goals.

"By no means a sophisticated economist, she knew ... that some people had become fantastically wealthy by misusing other people's money -- hers included," Sachs said. "In short, John and Betty had done everything right and were being punished, while the dishonest people were going unpunished."

Helping an individual recover from a traumatic experience provides a useful analogy for understanding how to help the economy recover from its own traumatic experience, Sachs pointed out. The public will need to "hold the perpetrators of the economic disaster responsible and take what actions they can to prevent them from harming the economy again." In addition, the public will have to see proof that government and business leaders can behave responsibly before they will trust them again, he argued.

Note that Sachs urges "hold[ing] the perpetrators of the economic disaster responsible." In other words, just "looking forward" and promising to do things differently isn't enough.

Economists such as William Black and Nobel prize winning economists Stieglitz and Akerlrof agree.

Indeed, polls show that:

  • Americans want those who committed financial fraud to be prosecuted
Remember, distrust in the political actions of government officials undermines the economy as well. Therefore, the economy will not recover until the economic criminals are prosecuted, and there are real investigations into 9/11 (even the 9/11 Commissioners themselves think there should be more investigation: see this and this), the Iraq war, torture, spying on Americans and other government failures.
So people who criticize the government's lies, and call for the prosecutions of those who made the misstatements, are actually working towards stabilizing our economy, and making our investment decisions a little easier.

A constitutional Republic...?

Before we start tinkering with any specific law, rule, regulation, or order to see what part of it we don't like, we need to incorporate the idea that nothing passed by the Congress is valid unless it strictly meets the test of constitutionality.

This is a Constitutional Republic, not a Democracy, and it starts with the fact that the Government has limited powers which are strictly set forth in Article 1, Section 8 of the U.S. Constitution.

Congress and the Executive Branch routinely ignore these limitations, and so far very little has been done about it. This is why the U. S. is currently close to financial destruction.

The 10th Amendment not only gives the States the Right to nullify unconstitutional "laws", but the same right is given directly to the People! Why don't the People use this Power? Either because they don't know about it, or they are afraid to confront the government.

However, unless we do assert our Rights, we might as well not have them. They are doing us precious little good being written on pieces of paper that most of the People don't read, or understand. Whose fault is that? Answer, it isn't just the fault of the government, it is also our own fault....



The ACLU reports:

Three sections of the Patriot Act — the so-called 'library provision' that allows a secret court to issue orders for anything deemed relevant to an investigation; the roving wiretap provision that allows the government to get a wiretap order that doesn't specify the person or place to be tapped; and the 'lone wolf' provision, which permits intelligence wiretapping of people not connected to a terrorist group — are scheduled to expire on February 28. It's February 7.

***

Sen. Dianne Feinstein (D-Calif.) recently suggested that Congress doesn't have enough time to consider reforms this year. That was the excuse for last year's Patriot Act reauthorization. Members of Congress had suggested that they would use 2010 to really examine the effects of the USA Patriot Act and return to it in early 2011 ready to make much-needed changes.

And where are we now? Well, Congress is betting that while they weren't thinking about the Patriot Act in the past year, you weren't either. Late in the day on Friday, we learned that the House will vote tomorrow, Tuesday, Feb. 8, on a bill to extend the expiring Patriot Act provisions until December 8, 2011. They want to sneak this re-authorization through, and they're hoping that you don't notice.

Well, once again, we're asking you to tell Congress that you are watching, that you don't buy their fear-mongering or their scare tactics, and that you want real Patriot Act reform. We've put a new action alert up urging Congress not to rubber stamp the Patriot Act once again, and we urge you to take action. For almost 10 years, the Patriot Act has given the government too much leeway to pry into our private lives.
As the Electronic Frontier Foundation and others have documented (see this, this and this), the Patriot Act would not have prevented 9/11, and has led to numerous crimes by the FBI and other agencies.

Call Congress NOW and tell them to vote down renewing the Patriot Act. Word from D.C. is that the Patriot Act will be renewed unless there is strong public outcry today.

Remember, the Patriot Act was apparently written before 9/11, and the government's spying on Americans began before 9/11 (confirmed here and here. And see this) . These assault on the Constitution did not keep us safe.

Indeed -
the "national security" apparatus has been hijacked to serve the needs of big business and the utterly corrupt power behind the power in USA, and is not really protecting us....


Much of America's madness can be traced to utter fraud and could be prosecuted under current American law. This applies to the sub-prime mortgages, the military-industrial complex and its lobbies, Israeli breaches of American national security, and the infamous White House Murder INC, etc... I would rather see this utter fraud prosecuted than pontificate on the nature of American society.
All combining in a drifting, "lost of empire" tone that yearns for a leader to "show the way" back to greatness. Sad, and very dangerous...


“The only stable state is the one in which all men are equal before the law”. Aristotle’s observation of the human condition in 440 BC is as accurate today as it was back in his day.
A simple truth widely ignored today, hence, revolution and war until the balance is reestablished. According to history, it will probable take at least 100 years of struggle and millions of American lives to reestablish Democracy, Independence and the rule of law in the United States.

The Great Treason against our American Democracy, Independence and the American people lead by the Great Traitor Bush and his fascist shadow government and perpetuated by Obama, created the world financial crisis that has resulted in the total breakdown of Democracy and the Rule of Law in bringing the criminals responsible to Justice.

Most Americans are acutely aware of this Treason and injustice and they are starting to feel the pain. Today, everyone’s future is up in the air as the criminals subject us to one managed crisis after another.

Disgustingly, American Justice is dead. Erick Holder and the DOJ, CIA and the FBI are the worst kind of Rats. Americans are not the only victims, the criminals are international and there is a move on to bring them to justice in Spain’s international court and the Hague’s international court.

Instead of twiddling your thumbs and praying, you can sign a letter from War is a Crime sent to Spain’s international court to encourage prosecution of Bush era torture criminals and extra-judicial assassinations with their ZIOCON Infamous White House Murder INC, in the Levant started since January 24th 2002 in Lebanon.... They may charge Bush, Cheney and company March 1. 2011.

http://salsa.wiredforchange.com/o/6503/p/dia/action/public/?action_KEY=3317

In Discourse on Colonialism, Césaire implicates the Europeans for constructing the negative relationship between colonizer and colonized. He criticizes Europe for constructing these colonies only to exploit them for their own benefit. According to Césaire, by establishing these colonies and then exploiting them, the European colonial powers have created two main problems: the problem of the proletariat and the colonial problem. In describing the colonial problem that European civilization has created, he remarks that “Europe is indefensible,” contending that the actions of the colonizers cannot be misconstrued as positive. He centralizes his argument around the claim that, “no one colonizes innocently, that no one colonizes with impunity either; that a nation which colonizes, that a civilization which justifies colonization—and therefore force—is already a sick civilization, a civilization which is morally diseased, which irresistibly, progressing from one consequence to another, one denial to another, calls for its Hitler, I mean its punishment.” [3] He labels the colonizers as barbaric for their treatment of those in the colonies. He defines the relationship as one based on “forced labor, intimidation, pressure, the police, taxation, theft, rape, compulsory crops, contempt, mistrust, arrogance, self-complacency, swinishness, brainless elites, degraded masses.” [By identifying the colonial relationship as one based on race, he draws comparisons between his home of Martinique with the colonies in Africa. By equating racism, barbarism and colonialism, he claims colonization to be a form of dehumanization; he believes this dehumanization occurs because of Europe’s racism against the Jews, the black populations in Africa, the Middle east, the Caribbean, and elsewhere....and they still are very much the same racists today....with creeping Islamophobia fomented by Israel and USA....
We have all seen the criminal bankster’s planned Austerity programs enacted in Europe and the resulting ongoing riots that will not stop. Now, it is America’s turn under the screw. The bastards sure like to torture people don’t they?
Funny, the bankster have made a mockery out of our legal system and got away with the greatest world robbery in history. America owes the banksters and their criminal brotherhood of politicians nothing... The banksters owe America’s Justice System and the American people their necks and we should insist on collecting their criminal necks and returning all the money (nullifying debt) that was criminally swindled from the people of the world and thereby ending their financial tyranny throughout the world-permanently...

The good people of Wisconsin and all the 51 States of the Union...should hold their own court (grand jury) and bring to Justice the criminal banksters and their corrupt politicians including the governor who stands with the banksters and not with the people. They all hang together and they should all hang together.

Hats off to Ray McGovern for exposing the canned propaganda press release of General Clinton....