All posts by Rich Winkel

The Hoax of the “Fiscal Cliff”

… The main purpose of the media propaganda about the impending “cliff” is to create a sense of financial emergency and override popular opposition to measures the Obama administration and congressional Democrats and Republicans will put forward to avert it, including sweeping cuts in Medicare, Medicaid and Social Security.

This is bolstered by the reaction in the financial markets, where a sharp sell-off could well serve as a political club to ensure that the policies demanded by Wall Street are adopted in Washington.

Far from an emergency that requires dramatic action to slash the federal deficit, the various components of the “fiscal cliff” are all consequences of legislation passed at various times during the Obama administration and can be averted by the passage of further legislation by Congress, regardless of whether that legislation adds to or subtracts from the deficit.

Deficit reduction is not a requirement of any previous legislation, but a political mandate from the financial aristocracy, which is demanding that its two political parties take joint action to make working people pay for a fiscal crisis that is the product of the 2008 Wall Street crash and the trillions expended to bail out the banks and corporations. …

http://www.globalresearch.ca/what-is-the-fiscal-cliff/5311751

The author overlooks the real game changer here.  The legislation that’s really needed, the liberation of the economic power of the american people, seems to be off most people’s radar.  The idea is simple, fair and elegant.   From monetary.org:

Monetary reform is achieved with three elements which must be enacted together for it to work. Any one or any two of them alone won’t do it, but would further harm the reform process. The reform has its best chance of passage in this severe monetary crisis created by the privatized money system. Considering that the same establishment controls our weapons systems, this may be humanities only chance for reform, to stop the now obvious slide of our middle class into slavery or some form of “Disney Fascism.”

First, incorporate the Federal Reserve System into the U.S. Treasury where all new money would be created by government as money, not interest-bearing debt; and be spent into circulation to promote the general welfare. The monetary system would be monitored to be neither inflationary nor deflationary.

Second, halt the bank’s privilege to create money by ending the fractional reserve system in a gentle and elegant way. All the past monetized private credit would be converted into U.S. government money. Banks would then act as intermediaries accepting savings deposits and loaning them out to borrowers. They would do what people think they do now. This Act nationalizes the money system, not the banking system. Banking is not a proper function of government, but providing the nation’s money supply is a government prerogative!

Third, spend new money into circulation on 21st century eco-friendly infrastructure and energy sources, including the education and healthcare needed for a growing and improving society, starting with the $2.2 trillion that the Civil Engineers estimate is needed over the next 5 years, for infrastructure repair; creating good jobs across our nation, re-invigorating local economies and re-funding local government at all levels.

http://www.monetary.org/wp-content/uploads/2011/12/32-page-brochure-sept20111.pdf

What would this do?  Take banks out of the casino business, remove most of the systemic tendencies for for boom and bust cycles and wealth concentration, bring transparency and accountability to monetary policy by taking it out of the hands of those who profit from mass misery, and last but not least, it would eliminate the national “debt” and the profit incentive for the debt aristocrats to bribe, blackmail and murder this country into perpetual war.

“The Congress shall have the Power . . . To Coin Money.”
(Constitution of the United States, Article I, Section 8.)

Some people believe this phrase only pertains to metal coins.  But “coin”  is used as a verb here, as in to “coin a phrase”, i.e. “invent” or “create”.   I have to wonder at the motivations of people who compulsively shoehorn constitutional interpretations into the current status quo, as if the second amendment only pertains to hunting rifles and the first amendment only protects the free speech of corporate media.  How much imagination or historical perspective does it take to understand the intended meaning of the words?   Debt-free money was used by colonial america (until britain started counterfeiting it), Abraham Lincoln (greenbacks) and numerous other times and places in history with spectacular success.  Why not now?

 

The revolution that we so desperately need is already written into law.  All we need to do is be worthy of the legacy of the founders.  Real freedom from centuries of debt bondage is at hand, if you want it.

The Suspension of Habeas Corpus in America

Far from having broken with his Republican predecessor, Democratic President Barack Obama has now reinforced the law of exception that he criticised when he was a senator. It is now possible to deprive United States citizens of their fundamental rights because they have taken part in armed action against their own country, but also when they take a political position favourable to those who use military action to resist the Empire. Worse – Barack Obama has added to the law John Yoo’s “Unitary Executive theory,” which puts an end to the principles of the separation of powers as defined by Montesquieu. The security policy of the United States President now escapes all control.

The Presidential elections, and the game of a possible changeover between Democrats and Republicans, cannot hide a marked tendency towards mutation in the form of the United States executive, regardless of the colour of the Presidential ticket. And it seems that the most significant change in the law has taken place under President Obama.

Barack Obama was elected by evoking a future based on respect for the fundamental rights of individuals and nations. But assessment of his presidency reveals an entirely different picture. The visible aspects of this, such as the failure to close down Guantánamo Bay, the maintenance of exceptional military tribunals or the practice of torture in Afghanistan, are only the tip of the iceberg. These elements only allow us to note the continuity between the Bush and Obama administrations. However, there has been such reinforcement of the previous political structure that the form of the state has now changed, creating a hitherto unseen modification of the relation between the authorities and the citizens of the United States.

The possibility of treating US citizens as foreign ’terrorists’ has been a constant objective of the government executive since the attacks of 9/11. By the new prerogative which has been awarded him by the National Defense Authorization Act – that of being able to nullify Habeas Corpus for US citizens and not just for foreign nationals – the Obama administration has achieved what the previous government had only planned but never instituted. …

http://www.globalresearch.ca/the-suspension-of-habeas-corpus-in-america/5311701

Failing to Break Up the Big Banks is Destroying America

The Size of the Big Banks Is – Literally – Destroying the Rule of Law

Pulitzer prize-winning journalist Ron Suskind quotes Treasury Secretary Timothy Geithner as saying:

The confidence in the system is so fragile still… a disclosure of a fraud… could result in a run, just like Lehman.

In other words, Geitnher said that the big bankers are “too big to jail”, because disclosing any portion of their massive fraud would cause bank runs.

Former IMF economist Simon Johnson notes:

The main motivation behind the administration’s indulgence of serious criminality evidently is fear of the consequences of taking tough action on individual bankers.

***

The message to bank executives today is simple: build your bank to be as big as possible – and then keep growing. If you manage to become big enough, you and your employees are not just too big to fail, but also too big to jail.

Glenn Greenwald notes:

To justify this lack of accountability for the nation’s wealthiest lawbreakers, the all-too-familiar excuses long used to shield the politically powerful are trotted out on cue. Once again, we are told that prosecutions are too disruptive; that it’s more important to fix the system than to seek retribution for the past; that because the wrongdoers’ reputation is in tatters, they have already suffered enough; that we need the goodwill of financial titans to ensure our common prosperity; and so on.

Indeed, the Obama administration has made it official policynot to prosecute fraud. …

http://www.washingtonsblog.com/2012/07/11869.html

 

Spanish Cops: “Forgive Us For Not Arresting Those Truly Responsible For This Crisis: Bankers & Politicians”

Around 5,000 Spanish police officers marched through the streets of Madrid on Saturday to protest government austerity measures, including frozen pensions and the elimination of their Christmas bonuses.

Officers travelled from across Spain to take part in the demonstration which was called by the nation’s main policing union.

Protesters blew whistles, shouted slogans, and carried anti-austerity banners as they marched through the city centre to the interior ministry.

“Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians,” read one banner.

The Spanish government has imposed harsh spending cuts aimed at saving 150 billion euros between 2012 and 2014. The move has been met with anger and protests from hundreds of thousands of Spanish citizens.

The austerity measures are in exchange for a rescue loan of up to 100 billion euros from the EU to help the country’s stricken banks.

“The problem is they take from us to give to others, like the autonomous regions and the banks,” 33-year-old police officer Antonio Perez told AP.

Spanish police officers take part in a demonstration against the Spanish government′s latest austerity measures in the center of Madrid on November 17, 2012 (AFP Photo / Dominique Faget)
Spanish police officers take part in a demonstration against the Spanish government’s latest austerity measures in the center of Madrid on November 17, 2012 (AFP Photo / Dominique Faget)

But it’s not just their pay the police are worried about.

A spokesman for Spain’s Unified Police Union, Jose Maria Benito, said the cuts will affect the nation’s security, adding that working conditions have become more precarious and law enforcement equipment was no longer up to standard.

“We are here to tell the government that security has to be its priority…in socially convulsive times, we need an adequate police response,” Benito told AP. He added that 15,000 workers who have left the force were not going to be replaced. …

http://rt.com/news/spain-protests-police-austerity-953/

U.S. begins talks on long-term troop presence in Afghanistan beyond 2014

Afghanistan and the US have opened talks to keep American troops in the country after most Nato forces go home in 2014, but the thorny question of immunity for American soldiers, which in effect ended the US role in Iraq last year, is likely to prove a stumbling block.

The issue has been thrown into sharp relief by the Seattle trial of the US army staff sergeant Robert Bales, who is accused of the massacring 16 Afghan civilians, mostly women and children, during a shooting spree at their homes in March. US prosecutors are seeking the death penalty but many Afghans, including some of the victims’ relatives, want to see him brought before one of their own courts. …

http://www.rawstory.com/rs/2012/11/19/u-s-begins-talks-on-long-term-troop-presence-in-afghanistan-beyond-2014/

Vaccines Did Not Save Us – 2 Centuries Of Official Statistics

This is the data the drug industry do not want you to see. Here 2 centuries of UK, USA and Australian official death statistics show conclusively and scientifically modern medicine is not responsible for and played little part in substantially improved life expectancy and survival from disease in western economies. The main advances in combating disease over 200 years have been better food and clean drinking water.  Improved sanitation, less overcrowded and better living conditions also contribute. This is also borne out in published peer reviewed research…

http://childhealthsafety.wordpress.com/graphs/