Archive for the economy Category

No Longer a Conspiracy Theory, World Government Goes Mainstream

Posted in economy, fascism, new world order, police state, truth with tags , , , on December 9, 2008 by bwt

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Between the financial crisis, the in-coming Obama administration, and the terror attacks in Mumbai, there is too much news of this sort to keep up with.  Ideas that would have raised a skeptical eyebrow in the past are now being reported in the mainstream media with unflinching ease.  It would have been crazy six months ago to mention a  “new world order,” to do so you would be guaranteed to open yourself up to being labelled with the pejorative term “conspiracy theorist.”  Yet, now we are hear calls for “global governance” and a “new world order” almost everyday by economists and world leaders.  Should we all just resign ourselves to a “new world order,” much as we have America’s move to fascism?  [“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” – Benito Mussolini.]

This article was taken from the Financial Times (FT.com).

And now for a world government

By Gideon Rachman

Published: December 8 2008 19:13 | Last updated: December 8 2008 19:13

  have never believed that there is a secret United Nations plot to take over the US. I have never seen black helicopters hovering in the sky above Montana. But, for the first time in my life, I think the formation of some sort of world government is plausible.

A “world government” would involve much more than co-operation between nations. It would be an entity with state-like characteristics, backed by a body of laws. The European Union has already set up a continental government for 27 countries, which could be a model. The EU has a supreme court, a currency, thousands of pages of law, a large civil service and the ability to deploy military force.

So could the European model go global? There are three reasons for thinking that it might.

First, it is increasingly clear that the most difficult issues facing national governments are international in nature: there is global warming, a global financial crisis and a “global war on terror”.

Second, it could be done. The transport and communications revolutions have shrunk the world so that, as Geoffrey Blainey, an eminent Australian historian, has written: “For the first time in human history, world government of some sort is now possible.” Mr Blainey foresees an attempt to form a world government at some point in the next two centuries, which is an unusually long time horizon for the average newspaper column.

But – the third point – a change in the political atmosphere suggests that “global governance” could come much sooner than that. The financial crisis and climate change are pushing national governments towards global solutions, even in countries such as China and the US that are traditionally fierce guardians of national sovereignty.

Read the rest of the article here.

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Making an Example of Mark Cuban: Keeping Billionaires in Line

Posted in economy, truth with tags , , , , on November 18, 2008 by bwt

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When I heard of the charges being brought against Mark Cuban for insider trading, the first thing that crossed my mind is that he is the victim of a political hit-job.  Today there is an interesting article in the New York Times that shows the awareness and hostility of the SEC towards Cuban’s involvement in Loose Change.    This sends a powerful message: “You can believe what you want, but keep your mouth shut.”

Insider Trading, or Political Persecution?

Floyed Norris

Notions on High and Low Finance

 

The post was updated at 4:30 p.m., with S.E.C. statement and closing stock price. It was updated at 7 p.m. to correct the percent of the Mamma.com stock Mr. Cuban owned.

Did Mark Cuban, the Internet entrepreneur turned owner of the Dallas Mavericks basketball team, and would-be buyer of the Chicago Cubs, violate insider trading laws in a particularly egregious fashion?

Or is he the victim of a political hit job because he helped finance a movie that was scathingly critical of President Bush?

Either way, the insider trading complaint from the Securities and Exchange Commission today arouses a lot more interest than most enforcement actions.

I’ll get to the facts of the complaint in a minute, but first here is Mr. Cuban’s reaction. His lawyers issued a statement saying:

This matter, which has been pending before the commission for nearly two years, has no merit and is a product of gross abuse of prosecutorial discretion. Mr. Cuban intends to contest the allegations and to demonstrate that the commission’s claims are infected by the misconduct of the staff of its enforcement division.

Mr. Cuban stated, “I am disappointed that the commission chose to bring this case based upon its enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.”

A person close to Mr. Cuban provided me with a copy of an e-mail message said to have been sent by Jeffrey Norris, an S.E.C. lawyer in the Fort Worth regional office (and no known relation to me.) This e-mail message seems to have been sent after an exchange in which Mr. Norris complained that Mr. Cuban had financed a movie called “Loose Change” that discusses the president’s actions relating to Sept. 11.

From: Norris, Jeffrey B. [mailto:NorrisJ@SEC.GOV]
Sent: Saturday, May 05, 2007 2:27 PM
To: Mark Cuban
Cc: Cox, Christopher
Subject: RE: “Lose Change”

I AM SHARING THIS WITH CHAIRMAN COX. NEITHER HE NOR THE COMMISSION ENDORSE MY OPINIONS, BUT IN LIGHT OF YOUR THREAT, I THOUGHT SHOULD SEND THIS TO HIM.

Mark:
If this upsets you, I wonder how George Bush feels. I assume that Mr. Cox would view your involvement with “Loose Change” much as I do. After all, he served his country as a Republican Congressman from Orange County for nearly 20 years and was appointed by President Bush. If you feel like sharing my thoughts with Chairman Cox, be my guest.

Previously, I thought you were merely foolish and naïve. Now, however, I see that you are also a hypocrite. I guess your belief in free speech has severe limitations. If someone else is the victim of an absurd conspiracy theory, you defend your right to participate in smearing the good name of a patriot like President Bush. But, when you are the subject of a parody of the attack you have endorsed, you suddenly issue threats.

I think I will e-mail this to Chairman Cox myself. I think he will enjoy it. I’m sure he is also a Laker fan.

Since Chairman Cox may not know the background, I will explain. Mark Cuban is the owner of the Dallas Mavericks and has participated in distributing the vicious and absurd documentary, “Loose Change,” which posits that President Bush planned the demolition of the World Trade Center as a pretext for going to war against Iraq. We have had some past exchanges about my opinion the Mr. Cuban’s support for this project is irresponsible and immoral. Below, I parodied his position that every opinion, no matter how absurd and vicious, deserves to be broadly disseminated.

The copy sent to me does not include the previous parody.

John Nester, an S.E.C. spokesman, said this afternoon that the investigation was conducted by the S.E.C.’s Washington office, and that Mr. Norris was not involved in it. He added:

“Chairman Cox has never met the individual who corresponded with Mr. Cuban, nor has he spoken or corresponded with him in any way. After those communications came to light, the matter was referred for disciplinary action against the individual. To avoid any potential appearance issues, Chairman Cox recused himself from the Commission vote, and he has not been involved in this investigation at any time.”

The vote he refers to was the commission’s vote to file the case.

Article continue here.

Alex Constantine Has a Message for Conservative Patriots

Posted in economy, fascism, police state with tags , , , , , on November 14, 2008 by bwt

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I came across this post on Alex Constantine’s Blacklist:

Go ahead, deny. Call me a “conspiracy theorist” and worse. I had gobs of that after 9/11 when it was an unforgivable offense to impugn Bush. One critical remark was justification enough to heap scorn on surviving family members of 9/11, expel college students, fire teachers, ban Dixie Chicks, condemn Michael Moore, etc. I couldn’t sell a book. This was the “wisdom” of American idiots crapping their pants (“Brown alert issued today … “), and it was highly repressive. (I even left the Internet for two years to live in the forest like an Indian, with no radio or television, to rid myself of painful toxic political stimulation).

Back then, I used to say that America is so addled and corrupt, it’s a wonder the lights stay on.

A few years later, the proles desire “change” desperately, pine for “hope” as the wars rage on, the economy self-destructs and the culture is overrun by jingoistic, ferret-like, flag-waving, pathologically dishonest, anti-intellectual little hitlers who believe they have a Sprint line to “God.”

BTW, where are apologies from the Bush voters? They carried on as though promoting Bush, lying for Bush, torturing for Bush, killing for Bush was a moral imperative. Now that these self-defined “patriots,” ah, ignorant asswipes, know what they are, no apologies. They headed straight for McCain, condescended to the rest of us – as if their judgments were not impaired or their opinions asinine (“McCain has more experience,” “Obama scares me”). Insult our intelligence, please.

The well-off Republicans have no trouble destroying their own country inch by inch to turn a fast profit – yet advertise themselves as “patriots.” This is the way of the fascist crustacean. Time passes, the Dixies are vindicated, teachers go back to work, anti-Bush sentiments are everywhere, even in the Republican Party – I’m proven not to be a “theorist,” after all. Anyone who assumes otherwise hasn’t a clue, is a fascist collaboratorl, a Good German (just returning the imprecations directed at me a few years ago), and I’d laugh all the way to the graveyard if the consequences of mass ignorance and suicide weren’t so grim. But go ahead, “conservatives,” dress in the flag and drool all the way to the unemployment office, you “sensible,” “sober” establishment fantasy dwellers programmed by the CIA/corporate media.

A few years from now, I’ll he right here giving you my middle finger as the lights go out.

– AC

Constantine hits it out of the park again.  You can read the rest of the article here.

When Will the Economic Carnage End?

Posted in economy, new world order, Uncategorized with tags , , , , , on November 13, 2008 by bwt

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Things are getting bad, worse by the minute.  There is no path to emancipation from this current crisis.  We are all slaves to something ominous that most don’t understand.  Life as we know it is spiraling out of control and all we can do is have faith that Henry Paulson will have prudent stewardship over the “rescue.” 

I am not reassured.  I get the sick feeling that there is something bigger afoot that I don’t  see.  The chaos or incompetence theories don’t hold water.  Slowly, this horrible machine that is the bailout is gobbling up financial institutions and now there is talk about the Big Three automakers.  Insurance companies, American Express, what is next?  When will this nightmare end?

My notion is that this will all end when the same people who created this crisis have what they want.  When the pieces are put into place, they will turn the ship around.  It is cynical, I agree, but does anyone really believe any of what they are saying? 

At first it was the lunatic fringe of the gold brokers who were warning of the MadMax scenario, not we are seeing these same ideas coming from the financial establishment.   Former Goldman-Sachs chairman John Whitehead had this to say,

I think it would be worse than the depression. We’re talking about reducing the credit of the United States of America, which is the backbone of the economic system.

He goes onto say,

I just want to get people thinking about this, and to realize this is a road to disaster. I’ve always been a positive person and optimistic, but I don’t see a solution here. [1]

Scary stuff.  Makes you wonder what tomorrow will bring.  Time to turn the television off and think about what is important.

1. http://www.reuters.com/article/Finance08/idUSTRE4AB7HT20081112