------------“I freed a thousand slaves I could have freed a thousand more if only they knew they were slaves.” Harriet Tubman --------------- "everything in this world exudes crime" Baudelaire ------------------------------------------- king of the gramatically incorrect, last of the two finger typist------------------------the truth, uncut funk, da bomb..HOME OF THE SIX MINUTE BLOG POST STR8 FROM BRAINCELL TO CYBERVILLE
Tuesday, April 16, 2013
Thursday, May 10, 2012
Washington’s New European Concern
Over the past few years, in particularly with the election of President Barack Obama and the growing European sovereign debt crisis, I have noticed some uneasy and troubling signings in world politics. I think the war on terror brought all to the surface and things have only continued to grow tenser.
For me it started in Finland, with the rise of the True Finns, the right-wing Populist Party who last April, won 19 percent of the vote in Finland. Also there was what happened in Austria when the far-right Freedom Party (FPO), was able to obtain 29 percent of the votes giving their leader; Heinz-Christian Strache (who has been campaigning for months to kick Greece out of the euro zone) is the second-strongest party in Austria and a hard-line neo-Nazi party that desires to legalize Nazi symbols and supports the open belief of scientific racism. Both are considered far right extremists whom politics focus on xenophobic and anti-Islam positions common to the right wing politics across Europe including the British Nationalist Party (BNP).
There are still other nations of concern. In Hungary, the Jobbik won nearly 17 percent of the 2010 vote, and is one of two leading opposition parties along with Fidesz, who won an overwhelming Parliamentary majority last year. The conservative Fidesz party of Prime Minister Viktor Orban has passed laws restricting civil rights and basic freedoms that go against the country's EU membership. In Denmark, the Danish People's Party is the nation's third largest political organization, and has pushed Denmark to adopt some of Europe's strictest immigration laws. The British National Party has a policy that restricts membership to 'indigenous British people'.
As, Europe falls back into depression, the rise of authoritarianism, fascism, and the hard right wing will continue to grow and become a thorn in the side of US political concerns, in particular how we deal with the impact of these changes to our economy in a global market place. The economy of Europe is in dire straits with little if any growth occurring and extremely high rates of unemployment.
Now the wave is continuing across Europe in two of the hardest hit by the recent sovereign debt crisis – Greece and France. In Greece, the Independents (right-wing) and the far-right Greek neo-Nazi Golden Dawn party will hold more than 50 seats in Parliament. This will be the first time in fifty years that the Golden Dawn party will enter parliament. Its leader, Nikolaos Michaloliakos and the party campaigned hard against illegal immigration, and its supporters wear black shirts, and its emblems resemble Nazi insignia. Both Greek party’s reject its bailout commitments and write off its debt.
In Greece, the party with the most seats is given the first opportunity to build a coalition government. It continues down the line based on number of members in party until each party is able to accomplish this. If it is not accomplished, the inability to secure a political majority to meet the terms of the second Greek bailout would likely result in a Greek exit from the EU and more financial trouble across the globe. This means that Greece has to approve more than 11 billion Euros in additional budget cuts by the end of June in order to receive the next round of bailout money. Seeing this is the sixth year of the nation’s economic contraction and no one wants to hear the word austerity we may as well expect them to be gone by all accounts.
Add to this the election of Socialist Francois Hollande in France. Like Greece who suggests that the election results are a referendum against German austerity policies, France election seems to show the same thing. However, the German government on Monday ruled out reworking the European Union’s fiscal pact despite request for such by French president-elect Francois Hollande. Hollande also states that he wants the very rich to pay 75 percent in income taxes and “plans to hike taxes on companies that distribute profits to shareholders instead of investing in their business.” Although he campaigned on being strong on anti-immigration, he has gone on record saying that he would give residency to illegal immigrants on a case-by-case basis. Hollande will be France’s first socialist president since 1995. His proposed policies as a consequence could have major implications for all of Europe.
If history is any indication political turmoil will only grow. Germany’s obsession with austerity and hard money if we recall, is one factor that resulted in the conditions that gave rise to Hitler. We have seen what extremes can occur in the case of Anders Behring Breivik – the self-proclaimed ‘counter-jihadist’. Breivik’s conservatism focused on a xenophobic hatred of Islam and of those groups, notably political parties like the Labor and Socialist Left parties that supported immigration and asylum laws increasing the European Islamic presence.
Washington has a serious problem. Tax increases I concert with sever austerity programs I Europe have brought the far right to the front in politics. Obama needs to take heed giving that he is taking the advice of Robert Reich and Paul Krugman, who both favor a large tax increase for the United States. Obama supports their endorsed a 70 percent top marginal tax rate but doing nothing to prevent the $494 billion tax increase set to occur automatically on January 1, 2013, when the Bush-era tax rates expire under current law. Europe’s difficulties are diametric opposition to the response of Washington. The recently proposed Obama budget will send the United States more deeply into debt.
Washington needs to pay attention and stop ignoring the seriousness and likely impact of what is happening in European fascist political rise on the US economy. For the reality is that a default by Greece or any other country in the 16-nation Eurozone would be potentially deadly not only for Europe, but America as well.
Friday, March 02, 2012
Tuesday, July 19, 2011
The One World Corporation
As I listen to the inside the beltway bickering of sound bites from “taxes on private jets” to “cut, cap and balance,” I cannot grasp that no one has simplified this discussion regarding debt and deficits. The way it is presented, many act as if debt and deficit are the same things when they are not, while just forgetting to explain that the real issue is our sovereign debt crisis as a nation and not liquidity. This means that the US economic woes are a function of structural problems we have while operating in a global economy.For example, around the globe, the real problem is not the governments (albeit they play a major role) but rather the banks and the possibility they may run out of money. In Ireland for example, it is more likely that banks will run out of loot before the government. Here at home, Bank of America recently made a bond issuance of $2.5 billion in new bonds. Why, because they are short on loot, running out of money and because the bank's stock just fell to fresh multi-year lows.
Both banks and governments are responding to the global debt crisis by adding more debt on top of debt. Adding debt to more debt is a pyramid scheme, a Ponzi scheme for to keep the pyramid intact, more loot is needed to keep those on top and under them making money. All kidding aside, looking a Greece for example, the fact is that Greece will never be able to pay back the debt it owes bond holders and the global markets.
It is not hard to see, but when you have a basically dumb-downed and ignorant electorate, the obvious gets lost in this age where talk and opinion takes the place of news and information. Or else it would be front and center that in the last year, the US dollar has fallen 12% in value which has led to making China the top seller of US treasury bonds worldwide. This means that the US government is an insolvent nation financially. We have accumulated a trillion dollar deficit three years in a row and a double dip in the housing market. Add to this the rising cost of oil and gas due to manipulation by speculators, mainly by the Goldman Sachs Commodity Index, and then it is easy to see what the outcome will be – a global economy run by a single corporate institution in the form of one world bank.
Ireland, which total debt is 100 percent of GDP, is insolvent. Greece, Italy, Spain, France and the US are all approaching the same boat. Why because the IMF, World Bank, Federal Reserve, Bank for International Settlements in Basle, Switzerland (a private bank owned and controlled by the worlds' central banks which were themselves private corporations) and similar agencies only work to see banks get paid, not that governments or democracy survive and prosper. If the US is to survive, it must function on a national credit system, which would lead to a sovereign nation state based on a system of our currency – the dollar. This would result in a non-inflationary credit system run by the state. But banks don’t want that, as Andrew Jackson and Lincoln found out centuries earlier.
If this does not occur, then we will continue, as a nation to involve ourselves in wars, for that will be the only way to make money. We will be in Pakistan, which will put us in conflict with China (which may involve India and Russia) and even in our own hemisphere in South America.
What is saddening is that most Americans do not have a clue, especially African Americans who often cannot see the trees for the forest through our own doing. History shows us that when the US economy goes awry, we feel it first and hardest. For we have limited if any knowledge of the collateralized debt obligations, complex financial papers/instruments, or the sophisticated computerized risk models that got us as a nation in this predicament. But we can spend, and buy and not save although property depreciations due to the foreclosure crisis will wipe out a significant amount of our wealth as a community and may cost us alone upwards of $190 billion dollars. After all everybody know we are the most vulnerable, especially loan companies, except for us.
Folk, America is broke. We the people are broke. The only thing I see on the horizon is debt on top of debt. But like all pyramid schemes, ours will fall or be found out too and our republic as we know it will be no longer and instead, a part of a new entity – the one world corporation.
Tuesday, May 17, 2011
If I were a Conspiracy – The French Connection
One thing that ticks me off is the notion of conspiracy theory. Frankly, I do not know what this means. When it is used, it is often in an attempt to vilify another’s radically different use of observation and reason to formulate a tenable answer to some conundrum. In simple terms, a conspiracy is a secret plan or agreement to carry out an illegal or harmful act which is usually grounded in some form of political motivation.Now, I would ask if any remember reading the Book “The French Connection” by Robin Moore but doing such would only date me. I read the book in the mid 70s, around the time I was in Junior High School and found it fascinating. Based on a true story, eventually it would become a movie about the criminal underworld of the drug trade. It was such a god read. And in this age of internationalism and global economics, it doesn’t seem improbably that a man can be tricked and set up based on personal habits alone.
This week in Manhattan, the Chief of the International Monetary Fund (IMF) Dominique Strauss-Kahn on charges of attempted Rape. Now if you listen to my blog talk radio show, you are aware that I reference the World Bank, IMF and the Federal Reserve Banks frequently; as well as to specific individuals and policy positions. Now as a scientist, I like to produce all possible reasons for an outcome and this entire fiasco holds up red flags.
See Strauss-Kahn aint the typical international big banking mogul rich mutha fuca, no he is the Socialist Party of France leading Presidential candidate. He by many estimates had a great chance to replace Mr. Sarkozy and placing his party back on top of French Politics. But this may be over. It was well known by reading the French dailies like Le’ Figaro or Les echos, it was obvious that he was aware of his hurdles. Less than three weeks ago, Dominique Strauss-Kahn met with two journalists from the daily Libération.
He indicated that the biggest issues he would confront in attempting to become president were “women, money and being Jewish.” Regarding women he said, "Yes I like women, so what?" he asked. "For years, there's been talk of photos of a giant orgy, but I've never seen them come out." He also seemingly prophetically proffered a hypothetical situation of something that could destroy his efforts: "A woman raped in a parking lot who is promised half a million Euros to make up her story."
Now I am not saying that he is guilty or innocent, but the timing, the methods and the circumstances are extremely convenient and coincidental. Not to mention there are a host of folks who would benefit from his being incontinently occupied in the US criminal justice system.
Sarkozy: If you follow French politics or even read an online version of their major papers, it was no secret that the current President was in the market for collecting any information or dirt that could be used to discredit Strauss-Kahn. And given the well sustained notion that he loved the ladies, his affair with an IMF economist (Piroska Nagy) and alleged assault on writer Tristane Banon, fabricating an assault based on past events could be easily accomplished, especially with the resources and connection one gets as President of France. Not to mention no telling what he discussed with President Obama when President Sarkozy and his wife, Carla Bruni-Sarkozy, were having that cozy dinner in the White House last year. It should also be remembered that it was president Obama who helped France assume a more prominent role in NATO’s military command structure.
China, Brazil or Turkey: When we think of the IMF, what is known is that traditionally, the head, just as Mr. Strauss-Kahn is a European. The number two is most always and American. With the increasing wealth and might of once developing nations like China and Brazil, the pressure has been growing for the next leader to be from one of these emerging market economies. And as with Sarkozy, with the resources and connections as the above have economically, anything is possible. Lipsky, the American in the number two spot has indicated that he planned to leave the IMF before the year is out meaning, both the top two positions may be open. We must recall that it was earlier this year when the IMF via the number 2 man John Lipsky said that China, Brazil and other fast-growing nations were “growing too fast.” Brazil and some other nations in return raised taxes on foreign investors attempting to slow inflows of investment money and ward off inflationary pressures. This position was reiterated last week by IMF Western Hemisphere Department deputy director Miguel Savastano. No doubt anyone of these nations would love to see Mr. Strauss-Kahn out of the way.
JP Morgan: Now JP Morgan is a metaphor for US banking interest and can stand to represent Goldman Sachs or Merrill Lynch as well. As I noted prior, the number two is an American and the current Yankee in this position if former JP Morgan banker and US Treasury executive John Lipsky. Like I said, Lipsky said he was leaving, but if he doesn’t he may move up front and have his fingers on the bailouts established by Strauss-Khan for Greece, Ireland and Portugal. Many in America thought that Strauss-Khan showed too much favoritism to Greece. Maybe some big bankers on Wall Street hoped that the arrest of Strauss-Kahn would derail the current austerity approaches the IMF has implemented across Europe. We know where the American banking Industry and Wall Street stand – neither has ever said anything complimentary of the IMF’s bailout, especially related to Greece. Just last week The Wall Street Journal reported that a new $86.1 billion bailout from the European Union and the IMF would be given to the Greek to continue assisting in the nations efforts to restructure its debts.
In summary, all I am saying is that this has the potential to be one of the biggest political gadfly’s ever. The entire world of global finance and French politics were aware of Strauss-Kahn's weakness – his affinity for women. Strauss-Kahn denies the charges. Truth is in France both consensual extramarital sex and having a mistress isn’t big news. But I do know that this is all too easy with the facts thus far which are:
- A Woman who said Mr. Strauss-Kahn sexually assaulted him selected him
Out of a line up. - The alleged victim, a 32 year-old African Immigrant was led out of
Police headquarters with a blanket over her head - Mr. Strauss-Kahn called to see if he left his cell phone (which he had not)
- Police coached person taking the call and instructed them to falsely
State that his phone was indeed at the Sofitel. - All involved were coached by police, workers of the Sofitel
Now Im just thinking outloud, with shows like NCSI and criminal Minds on televison, who am I to say a set up, based on a well documented history of behavior by a one Dominique Strauss-kahn could not be accomplished. I mean any maid, if they were in his room, has acess to DNA if he was or was not in the rom at the time. It is just as easy for a woman to swipe hairs off of the sink, floor, or lay in the bed or even take semen from a condom in a garbage can. Now I offered a few folk who may be interested in a frame up of dude, but more importantly, Im saying I find all of this dificult to believe - I have seen the true life shows where one hair with DNA can send a man to jail for life, even if innocent. Again connubial issues aside, this just don’t seem right – I’m just saying.