This is the death rattle of the American dream, which was built on the idea that no one is above the law, that our rights are inalienable and cannot be taken away, and that our government and its appointed agents exist to serve us.
Introducing The "Overseas Contingency Operations Account" – Washington's Crony Capitalist War Slush FundSubmitted by Tyler Durden on 03/28/2015 14:45 -0400
The imperial spiral into the stratosphere of stupidity is well underway. With zero accountability for those in power, there’s no way to realistically stop it before crash and burn. The best we can hope is to bring the responsible to justice afterward and pick up the pieces by going back to the Constitution.
Back in May 2014, Obama shocked much of America when, in stark rejection of long-standing US policy not to negotiate with "terrorists", he agreed to exchange Sgt. Bowe Berghdahl for five Taliban prisoners held at Guantanamo. The prisoner exchange further raised eyebrows when it was suggested that Bergdahl hardly deserved such an executive action because he was captured only because he had deserted his post: a treason-worthy offense. Unfortunately, today was yet another day of humiliation for an administration whose most recent foreign "success" was arming the Yemen rebels with hundreds of millions in weapons when earlier this afternoon. the Army announced it would officially charge Bowe Bergdahl with desertion for leaving his post in 2009, his attorney said Wednesday.
Just when we thought it was logistically impossible for US foreign policy to be any more incompetent and cluless, we read this...
China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank, seen as a rival organization to the World Bank and the Asian Development Bank, which are dominated by the United States with Europe and Japan. These banks do business at the behest of the old Bretton Woods order. The AIIB will dance to China and Russia's tune instead.
Debt, Distraction, Currency Wars, Itchy Fingers
- Fed May Not Hit Neutral Until 10th Anniversary of Lehman Collapse (BBG)... make that never
- Global stocks and bonds roar Fed approval, dollar fights back (Reuters)
- EU to tell Greece time, patience running out (Reuters)
- U.S. likely to delay planned closure of two Afghanistan bases (Reuters)
- Norway Signals Reduction After Unexpectedly Holding Rate (BBG)
- Oil Falls to $55 as Kuwait Comments Refocus on Oversupply (Reuters)
- Tsipras Heads to Summit as Merkel Tries to Defuse Greek Crisis (BBG)
- Yahoo Pulls the Plug on China Operations (WSJ)
Russia must get aggressive in the economic war. You can win this economic contest in 24 months, if certain special zones in Russia simply are allowed to copy Swiss banking rules and regulations, as wealth will always flow to secure locations where taxes are low. You know what banking privacy and security did for Switzerland, it made a poor country with few natural resources the wealthiest nation in the world.
The Best "Democracy" Money Can Buy: For Every Dollar Spent Influencing US Politics, Corporations Get $760 BackSubmitted by Tyler Durden on 03/16/2015 18:37 -0400
Between 2007 and 2012, 200 of America’s most politically active corporations spent a combined $5.8 Billion on federal lobbying and campaign contributions. What they gave pales compared to what those same corporations got: $4.4 Trillion in federal business and support. Here is the visual representation of this stunning finding: for every dollar spent on influencing politics, the nation’s most politically active corporations received $760 from the government.
The American Empire has been long in the making. A green light was given in 1990 to finalize that goal. Dramatic events occurred that year that allowed the promoters of the American Empire to cheer. It also ushered in the current 25-year war to solidify the power necessary to manage a world empire. The day will come when we will be forced to give up our role as world policeman and resort to using a little common sense and come home. This will only occur when the American people realize that our presence around the world and the maintenance of our empire has nothing to do with defending our Constitution, preserving our liberties, or fulfilling some imaginary obligation on our part to use force to spread American exceptionalism. A thorough look at our economic conditions, our pending bankruptcy, our veterans hospitals, and how we’re viewed in the world by most other nations, will compel Americans to see things differently and insist that we bring our troops home – the sooner the better.
According to The New York Times, some $1 million in money the CIA delivered to the Afghan government was handed over to Al Qaeda in 2010. As The Times notes, this is merely the latest "in a long list of examples of how the United States, largely because of poor oversight and loose financial controls, has sometimes inadvertently financed the very militants it is fighting."
China now has the opportunity to take a dominant role in London, without having to direct its order flows through the fixing banks. Therefore, it is no exaggeration to say that from 20th March, China will be able to control the global physical gold market, which will permit her to manage the price. She has the deepest pockets, backed by the largest single stockpile.
Bill Clinton Dusted Off the Same Marketing Strategy Which Bad-Mustache Used On the Eve of Invading Poland ... And Obama's Been Using It Ever Since
Financial collapse is already baked in, and it's only a matter of time before it happens, and precipitates commercial collapse when global supply chains stop functioning. Political collapse will be resisted, and the way it will be resisted is by starting as many wars as possible, to produce a vast backdrop of failure to serve as a rationale for all sorts of “emergency measures,” all of which will have just one aim: to suppress rebellion and to keep the oligarchy in power.
In a 'ripped from The Onion'-esque headline, WSJ reports that David Petraeus - the former director of the US Central Intelligence Agency - will plead guilty to a charge of mishandling classified information. The reitred military general, whose career was cut short by a very public affair with his biographer, reached a plea deal over sharing unauthorized information with her, in order to avoid an embarrassing trial. To summarize, the man trusted with all of the America's most secret secrets just plead guilty to pillow-talk-sharing of classified information...