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Neoclassical Pseudo Theories and Crooked and Bought Economists as Fifth Column of Financial Oligarchy

There is no economics, only political economy, stupid

News Casino Capitalism Recommended Links Neoliberalism as Trotskyism for the rich Number racket Efficient Market Hypothesis Economism and abuse of economic theory in American politics
Supply Side or Trickle down economics Invisible Hand Hypothesys Twelve apostles of deregulation Monetarism fiasco Financial Sector Induced Systemic Instability of Economy Samuelson's bastard Keynesianism Greenspan as the Chairman of Financial Politburo
Libertarian Philosophy Elite [Dominance] Theory And the Revolt of the Elite The Iron Law of Oligarchy Audacious Oligarchy and "Democracy for Winners" Ayn Rand and her Objectivism Cult Neoliberal Brainwashing -- Journalism in the Service of the Powerful Few The Deep State
Free Market Fundamentalism Friedman --founder of Chicago school of deification of market Lawrence Summers Corruption of Regulators Glass-Steagall repeal Rational expectations scam Free Markets Newspeak
In Goldman Sachs we trust: classic example of regulatory capture by financial system hackers Mathiness GDP as a false measure of a country economic output Introduction to Lysenkoism Republican Economic Policy Think Tanks Enablers  Small government smoke screen
Hyman Minsky John Kenneth Galbraith  Bookshelf History of Casino Capitalism Casino Capitalism Dictionary :-) Humor Etc
Is it really necessary for every economist to be brain-dead apologist for the rich and powerful and predatory, in every damn breath?

Bruce Wilder in comments to Clash of Autonomy and Interdependence

Smith briskly takes a sledgehammer to any number of plaster saints cluttering up the edifice of modern economics:

"assumptions that are patently ridiculous: that individuals are rational and utility-maximizing (which has become such a slippery notion as to be meaningless), that buyers and sellers have perfect information, that there are no transaction costs, that capital flows freely"

And then...papers with cooked figures, economists oblivious to speculative factors driving oil prices, travesty versions of Keynes's ideas that airbrush out its most characteristic features in the name of mathematical tractability.

And then...any number of grand-sounding theoretical constructs: the Arrow-Debreu theorem, the Dynamic Stochastic General Equilibrium model, the Black-Scholes option model, Value at Risk, CAPM, the Gaussian copula, that only work under blatantly unrealistic assumptions that go by high falutin' names - equilibrium, ergodicity, and so on.

The outcome of this pseudo-scientific botching is an imposing corpus of pretentious quackery that somehow elevates unregulated "free markets" into the sole mechanism for distribution of the spoils of economic activity. We are supposed to believe that by some alchemical process, maximum indulgence of human greed results in maximum prosperity for all. That's unfair to alchemy: compared with the threadbare scientific underpinnings of this economic dogma, alchemy is a model of rigor.

How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism

How many others are being paid for punditry? Or has the culture of corruption spread so far that the question is, Who isn't?

PAUL KRUGMAN, NYT, December 19, 2005

"MIT and Wharton and University of Chicago created the financial engineering instruments which, like Samson and Delilah, blinded every CEO. They didn't realize the kind of leverage they were doing and they didn't understand when they were really creating a real profit or a fictitious one."

Paul Samuelson


Introduction

When you see this "neoclassical" gallery of expensive intellectual prostitutes (sorry, respectable priests of a dominant religion) that pretend to be professors of economics in various prominent universities, it is difficult not to say "It's political economy stupid". Those lackeys of ruling elite are just handing microphone bought by financial oligarchy.  Here is am Amazon.com review of  ECONned How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism eBook Yves Smith that  states this position well:

kievite:
Neoclassical economics as a universal door opener for financial oligarchy

There are many good reviews of the book published already and I don't want to repeat them. But I think there is one aspect of the book that was not well covered in the published reviews and which I think is tremendously important and makes the book a class of its own: the use of neoclassical economics as a universal door opener for financial oligarchy. I hope that the term "econned" will became a new word in English language.

Neoclassical economics has become the modern religion with its own priests, sacred texts and a scheme of salvation. It was a successful attempt to legitimize the unlimited rule of financial oligarchy by using quasi-mathematical, oversimplified and detached for reality models. The net result is a new brand of theology, which proved to be pretty powerful in influencing people and capturing governments("cognitive regulatory capture"). Like Marxism, neoclassical economics is a triumph of ideology over science. It was much more profitable though: those who were the most successful in driving this Trojan horse into the gates were remunerated on the level of Wall Street traders.

Economics is essentially a political science. And politics is about perception. Neo-classical economics is all about manipulating the perception in such a way as to untie hands of banking elite to plunder the country (and get some cramps from the table for themselves). Yves contributed to our understanding how "These F#@king Guys" as Jon Steward defined them, economics professors from Chicago, Harvard, Columbia, Princeton and some other places warmed by flow of money from banks for specific services provided managed to serve as a fifth column helping Wall Street to plunder the country. The rhetorical question that a special counsel to the U.S. Army, Joseph Welch, asked Senator McCarthy: "Have you no sense of decency?" applies.

The main effect of neoclassical economics is elevating unregulated ( "free" in neoclassic economics speak) markets into the key mechanism for distribution of the results of economic activity with banks as all-powerful middlemen and sedating any opposition with pseudo-mathematical mumbo-jumbo. Complexity was used as a powerful smoke screen to conceal greed and incompetence. As a result financial giants were able to loot almost all sectors of economics with impunity and without any remorse, not unlike the brutal conquerors in Middle Ages.

The key to the success of this nationwide looting is that people should be brainwashed/indoctrinated to believe that by some alchemical process, maximum level of greed results in maximum prosperity for all. Collapse of the USSR helped in this respect driving the message home: look how the alternative ended, when in reality the USSR was a neo-feudal society. But the exquisite irony here is that Bolsheviks-style ideological brainwashing was applied very successfully to the large part of the US population (especially student population) using neo-classical economics instead of Marxism (which by-and-large was also a pseudo-religious economic theory with slightly different priests and the plan of salvation ;-). The application of badly constructed mathematical models proved to be a powerful tool for distorting reality in a certain, desirable for financial elite direction. One of the many definitions of Ponzi Scheme is "transfer liabilities to unwilling others." The use of detached from reality mathematical models fits this definition pretty well.

The key idea here is that neoclassical economists are not and never have been scientists: much like Marxist economists they always were just high priests of a dangerous cult -- neoliberalism -- and they are more then eager to stretch the truth for the benefit of the sect (and indirectly to their own benefit). All-in-all this is not unlike Lysenkoism: state support was and still is here, it is just working more subtly via ostracism, without open repressions. Look at Shiller story on p.9.

I think that one of lasting insights provided by Econned is the demonstration how the US society was taken hostage by the ideological views of the neoclassical economic school that has dominated the field at least for 30 or may be even 50 years. And that this ideological coup d'état was initiated and financed by banking establishment who was a puppeteer behind the curtain. This is not unlike the capture of Russia by Bolsheviks supported by German intelligence services (and Bolshevics rule lasted slightly longer -- 65 years). Bolsheviks were just adherents of similar wrapped in the mantle of economic theory religious cult, abeit more dangerous and destructive for the people of Russia then neoclassical economics is for the people of the USA. Quoting Marx we can say "History repeats itself, first as tragedy, second as farce".

That also means that there is no easy way out of the current situation. Ideologies are sticky and can lead to the collapse of society rather then peaceful evolution.

So it's no surprise that there is a strong evidence that neo-classical economics is not a science, it's a political ideology of financial oligarchy masquerading as science. Or a religious cult, if you wish.

So it's no surprise that there is a strong evidence that neo-classical economics is not a science, it's a political ideology of financial oligarchy masquerading as science. Or a religious cult, if you wish.

The cult which served as a Trojan horse for bankers to grab power and wealth by robbing fellow Americans. In a way this is a classic story of a parasite killing the host. The powers that be in academia put their imprimatur on economic ‘theory,’ select and indoctrinate its high priests to teach it, and with a host of media players grinding out arguments pro and con this and that, provide legitimacy sufficient for cover of bankers objectives. Which control the disposition and annuity streams of pension fund assets and related financial services. In his new documentary Inside Job, filmmaker Charles Ferguson provides strong evidence of a systematic mass corruption of economic profession (Yahoo! Finance):

Ferguson points to 20 years of deregulation, rampant greed (a la Gordon Gekko) and cronyism. This cronyism is in large part due to a revolving door between not only Wall Street and Washington, but also the incestuous relationship between Wall Street, Washington and academia.

The conflicts of interest that arise when academics take on roles outside of education are largely unspoken, but a very big problem. “The academic economics discipline has been very heavily penetrated by the financial services industry,” Ferguson tells Aaron in the accompanying clip. “Many prominent academics now actually make the majority of their money from the financial services industry, not from teaching or research. [This fact] has definitely compromised the research work and the policy advice that we get from academia.”

... ... ...

Feguson is astonished by the lack of regulation demanding financial disclosure of all academics and is now pushing for it. “At a minimum, federal law should require public disclosure of all outside income that is in any way related to professors’ publishing and policy advocacy,” he writes. “It may be desirable to go even further, and to limit the total size of outside income that potentially generates conflicts of interest.”

The dismantling of economic schools that favor financial oligarchy interests over real research (and prosecuting academic criminals -- many prominent professors in Chicago, Harvard, Columbia and other prominent members of neo-classical economic church) require a new funding model. As neoliberalism itself, the neoclassical economy is very sticky. Chances for success of any reform in the current environment are slim to non existent.

Here is one apt quote from Zero Hedge discussion of Gonzalo Lira article On The Identity Of The False Religion Behind The Mask Of Economic Science zero hedge

"They analyze data for Christ sakes"

Just like Mishkin analyzed Iceland for $120k? a huge proportion in US [are] on Fed payroll, or beneficiaries of corporate thinktank cash; they are coverup lipstick and makeup; hacks for hire.

Like truth-trashing mortgage pushers, credit raters, CDO CDS market manipulators and bribe-fueled fraud enablers of all stripes -- they do it for the dough -- and because everybody else is doing it.

It's now a common understanding that "These F#@king Guys" as Jon Steward defined them, professors  of neoclassical economics from Chicago, Harvard and some other places are warmed by flow of money from financial services industries for specific services provided managed to serve as a fifth column helping financial oligarchy to destroy the country. This role of neo-classical economists as the fifth column of financial oligarchy is an interesting research topic. Just don't expect any grants for it ;-).

As Reinhold Niebuhr aptly noted in his classic Moral Man and Immoral Society
Since inequalities of privilege are greater than could possibly be defended rationally, the intelligence of privileged groups is usually applied to the task of inventing specious proofs for the theory that universal values spring from, and that general interests are served by, the special privileges which they hold.

I would like to stress it again: they are not and never have been scientists: they are just high priests of dangerous cult -- neoliberalism -- and they are more then eager to stretch the truth for the sect (and that means their own) benefits. Fifth column of financial oligarchy. All-in-all this is not unlike Lysenkoism: at some point state support became obvious as financial oligarchy gained significant share of government power (as Glass-Steagall repeal signified). It is just more subtle working via ostracism and flow of funding, without open repressions. See also Politicization of science and The Republican War on Science

Like Russia with Bolsheviks, the US society was taken hostage by the ideological views of the Chicago economic school that has dominated the field for approximately 50 years ( as minimum over 30 years). Actually the situation not unlike the situation with Lysenkoism is the USSR. It's pretty notable that the USA suffered 30 years of this farce, actually approximately the same amount of time the USSR scientific community suffered from Lysenkoism (1934-1965)

Rules of disclosure of sources of financing for economic research are non-existent


"Over the past 30 years, the economics profession—in economics departments, and in business, public policy, and law schools—has become so compromised by conflicts of interest that it now functions almost as a support group for financial services and other industries whose profits depend heavily on government policy.

The route to the 2008 financial crisis, and the economic problems that still plague us, runs straight through the economics discipline. And it's due not just to ideology; it's also about straightforward, old-fashioned money."

Peter Dormat noticed amazing similarity between medical researchers taking money from drug companies and economists. In case of medical researchers widespread corruption can at least be partially kept in check by rules of disclosure. Universities are being called out for their failure to disclose to public agencies the other, private grants researchers are pulling in. This is not perfect policing as the universities themselves get a cut of the proceeds, so that the conflict of interest exists but at least this is theirs too.

But there is no corresponding policy for economics. So for them there are not even rules to be broken. And this is not a bug, this is  feature.  In a sense corruption is officially institualized and expected in economics. Being a paid shill is the typical career of many professional economists. Some foundations require an acknowledgment in the published research they support, but that's all about “thank you”, not disclaimer about the level of influence of those who pay for the music exert on the selection of the tune. Any disclosure of other, privately-interested funding sources by economists is strictly voluntary, and in practice seldom occurs. Trade researchers can be funded by foreign governments or business associations and so on and so forth.

In this atmosphere pseudo-theories have currency and are attractive to economists who want to enrich themselves. That situation is rarely reflected in mainstream press. For example, there some superficial critiques of neo-classical economics as a new form of Lysenkoism (it enjoyed the support of the state) but MSM usually frame the meltdown of neo-classical economic theory something like "To all you corrupt jerks out there: shake off the old camouflage as it became too visible and find a new way misleading the masses...". At the same time it's a real shocker, what a bunch of toxic theories and ideologies starting from Reagan have done to the US economy.

That suggests that neo-economics such as Milton Friedman (and lower level patsies like Eugene Fama ) were just paid propagandists of a superficial, uninformed, and simplistic view of the world that was convenient to the ruling elite. While this is somewhat simplistic explanation, it's by-and-large true and that was one of the factors led the USA very close to the cliff... Most of their theories is not only just nonsense for any trained Ph.D level mathematician or computer scientist, they look like nonsense to any person with a college degree, who looks at them with a fresh, unprejudiced mind. There are several economic myths, popularized by well paid propagandists over the last thirty years, that are falling hard in the recent series of financial crises: the efficient market hypothesis, the inherent benefits of globalization from the natural equilibrium of national competitive advantages, and the infallibility of unfettered greed as a ideal method of managing and organizing human social behavior and maximizing national production.

I would suggest that and economic theory has a strong political-economic dimension. The cult of markets, ideological subservience and manipulation, etc. certainly are part of neo-classical economics that was influenced by underling political agenda this pseudo-theory promotes. As pdavidsonutk wrote: July 16, 2009 16:14

Keynes noted that "classical theorists resemble Euclidean geometers in a non Euclidean world who, discovering that in experience straight lines apparently parallel often meet, rebuke the lines for not keeping straight --as the only remedy for the unfortunate collisions. Yet in truth there is no remedy except to throw over the axiom of parallels to work out a non-Euclidean geometry. SOMETHING SIMILAR IS REQUIRED IN ECONOMICS TODAY. " [Emphasis added]

As I pointed out in my 2007 book JOHN MAYNARD KEYNES (Mentioned in this ECONOMIST article as a biography "of the master") Keynes threw over three classical axioms: (1) the neutral money axiom (2) the gross substitution axiom, and (3) the ergodic axiom.

The latter is most important for understanding why modern macroeconomics is dwelling in an Euclidean economics world rather than the non-Euclidean economics Keynes set forth.

The Ergodic axiom asserts that the future is merely the statistical shadow of the past so that if one develops a probability distribution using historical data, the same probability distribution will govern all future events till the end of time!! Thus in this Euclidean economics there is no uncertainty about the future only probabilistic risk that can reduce the future to actuarial certainty! In such a world rational people and firms know (with actuarial certainty) their intertemporal budget constrains and optimize -- so that there can never be an loan defaults, insolvencies, or bankruptcies.

Keynes argued that important economic decisions involved nonergodic processes, so that the future could NOT be forecasted on the basis of past statistical probability results -- and therefore certain human institutions had to be develop0ed as part of the law of contracts to permit people to make crucial decisions regarding a future that they "knew" they could not know and still sleep at night. When the future seems very uncertain, then rational people in a nonergodic world would decide not to make any decisions to commit their real resources -- but instead save via liquid assets so they could make decisions another day when the future seemed to them less uncertain.

All this is developed and the policy implications derived in my JOHN MAYNARD KEYNES (2007) book. Furthermore this nonergodic model is applied to the current financial and economic crisis and its solution in my 2009 book THE KEYNES SOLUTION: THE PATH TO GLOBAL PROSPERITY (Palgrave/Macmillan) where I tell the reader what Keynes would have written regarding today's domestic crisis in each nation and its international aspects.

Paul Davidson ghaliban wrote:

July 16, 2009 15:34

I think you could have written a shorter article to make your point about the dismal state of economics theory and practice, and saved space to think more imaginatively about ways to reform.

A bit like biology, economics must become econology - a study of real economic systems. It must give up its physics-envy. This on its own will lead its practitioners closer to the truth.

Like biological systems, economic systems are complex, and often exhibit emergent properties that cannot be predicted from the analysis of component parts. The best way to deal with this is (as in biology) to start with the basic organizational unit of analysis - the individual, and then study how the individual makes economic decisions in larger and larger groups (family/community), and how groups take economic decisions within larger and larger forms of economic organization. From this, econologists should determine whether there are any enduring patterns in how aggregate economic decisions are taken. If there are no easily discernable patterns, and aggregate decisions cannot be predicted from a knowledge of individual decision-making preferences, then the theory must rely (as it does in biology) on computer simulations with the economy replicated in as much detail as possible to limit the scope for modeling error. This path will illuminate the "physiology" of different economies.

A second area of development must look into "anatomy" - the connections between actors within the financial system, the connections between economic actors within the real economy, and the connections between the real and financial economies. What are the precise links demand and supply links between these groups, and how does money really flow through the economic system? A finer knowledge of economic anatomy will make it easier to produce better computer simulations of the economy, which will make it a bit easier to study economic physiology.

"Markets uber alles" or more correctly "Financial oligarchy uber alles"

In her interview What Exactly Is Neoliberalism  Wendy Brown advanced some Professor Wolin ideas to a new level and provide explanation why "neoclassical crooks" like Professor  Frederic Mishkin (of Financial Stability in Iceland fame) still rule the economics departments of the USA. They are instrumental in giving legitimacy to the neoliberal rule favoured by the financial oligarchy:

"... I treat neoliberalism as a governing rationality through which everything is "economized" and in a very specific way: human beings become market actors and nothing but, every field of activity is seen as a market, and every entity (whether public or private, whether person, business, or state) is governed as a firm. Importantly, this is not simply a matter of extending commodification and monetization everywhere-that's the old Marxist depiction of capital's transformation of everyday life. Neoliberalism construes even non-wealth generating spheres-such as learning, dating, or exercising-in market terms, submits them to market metrics, and governs them with market techniques and practices. Above all, it casts people as human capital who must constantly tend to their own present and future value. ..."

"... The most common criticisms of neoliberalism, regarded solely as economic policy rather than as the broader phenomenon of a governing rationality, are that it generates and legitimates extreme inequalities of wealth and life conditions; that it leads to increasingly precarious and disposable populations; that it produces an unprecedented intimacy between capital (especially finance capital) and states, and thus permits domination of political life by capital; that it generates crass and even unethical commercialization of things rightly protected from markets, for example, babies, human organs, or endangered species or wilderness; that it privatizes public goods and thus eliminates shared and egalitarian access to them; and that it subjects states, societies, and individuals to the volatility and havoc of unregulated financial markets. ..."

"... with the neoliberal revolution that homo politicus is finally vanquished as a fundamental feature of being human and of democracy. Democracy requires that citizens be modestly oriented toward self-rule, not simply value enhancement, and that we understand our freedom as resting in such self-rule, not simply in market conduct. When this dimension of being human is extinguished, it takes with it the necessary energies, practices, and culture of democracy, as well as its very intelligibility. ..."

"... For most Marxists, neoliberalism emerges in the 1970s in response to capitalism's falling rate of profit; the shift of global economic gravity to OPEC, Asia, and other sites outside the West; and the dilution of class power generated by unions, redistributive welfare states, large and lazy corporations, and the expectations generated by educated democracies. From this perspective, neoliberalism is simply capitalism on steroids: a state and IMF-backed consolidation of class power aimed at releasing capital from regulatory and national constraints, and defanging all forms of popular solidarities, especially labor. ..."

"... The grains of truth in this analysis don't get at the fundamental transformation of social, cultural, and individual life brought about by neoliberal reason. They don't get at the ways that public institutions and services have not merely been outsourced but thoroughly recast as private goods for individual investment or consumption. And they don't get at the wholesale remaking of workplaces, schools, social life, and individuals. For that story, one has to track the dissemination of neoliberal economization through neoliberalism as a governing form of reason, not just a power grab by capital. There are many vehicles of this dissemination -- law, culture, and above all, the novel political-administrative form we have come to call governance. It is through governance practices that business models and metrics come to irrigate every crevice of society, circulating from investment banks to schools, from corporations to universities, from public agencies to the individual. It is through the replacement of democratic terms of law, participation, and justice with idioms of benchmarks, objectives, and buy-ins that governance dismantles democratic life while appearing only to instill it with "best practices." ..."

"... Progressives generally disparage Citizens United for having flooded the American electoral process with corporate money on the basis of tortured First Amendment reasoning that treats corporations as persons. However, a careful reading of the majority decision also reveals precisely the thoroughgoing economization of the terms and practices of democracy we have been talking about. In the majority opinion, electoral campaigns are cast as "political marketplaces," just as ideas are cast as freely circulating in a market where the only potential interference arises from restrictions on producers and consumers of ideas-who may speak and who may listen or judge. Thus, Justice Kennedy's insistence on the fundamental neoliberal principle that these marketplaces should be unregulated paves the way for overturning a century of campaign finance law aimed at modestly restricting the power of money in politics. Moreover, in the decision, political speech itself is rendered as a kind of capital right, functioning largely to advance the position of its bearer, whether that bearer is human capital, corporate capital, or finance capital. This understanding of political speech replaces the idea of democratic political speech as a vital (if potentially monopolizable and corruptible) medium for public deliberation and persuasion. ..."

"... My point was that democracy is really reduced to a whisper in the Euro-Atlantic nations today. Even Alan Greenspan says that elections don't much matter much because, "thanks to globalization . . . the world is governed by market forces," not elected representatives. ..."

 


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NEWS CONTENTS

Old News ;-)

I find an attempt to elevate academic finance and economics to sciences by using the word "scientism" to be bizarre. Finance models like CAPM, Black-Scholes and VAR all rest on assumptions that are demonstrably false, such as rational investors and continuous markets.

May 11, 2012 at 1-40 pm

[Sep 23, 2018] UK Begged Trump Not To Declassify Russia Docs; Cited Grave Concerns Over Steele Involvement

Notable quotes:
"... Steele also had extensive contacts with DOJ official Bruce Ohr and his wife Nellie, who - along with Steele - was paid by opposition research firm Fusion GPS in the anti-Trump campaign. Trump called for the declassification of FBI notes of interviews with Ohr, which would ostensibly reveal more about his relationship with Steele. Ohr was demoted twice within the Department of Justice for lying about his contacts with Fusion GPS. ..."
"... Perhaps the Brits are also concerned since much of the espionage performed on the Trump campaign was conducted on UK soil throughout 2016 . Recall that Trump aid George Papadopoulos was lured to London in March, 2016, where Maltese professor Joseph Mifsud fed him the rumor that Russia had dirt on Hillary Clinton. It was later at a London bar that Papadopoulos would drunkenly pass the rumor to Australian diplomat Alexander Downer (who Strzok flew to London to meet with). ..."
"... In short, it's understandable that the UK would prefer to hide their involvement in the "witch hunt" of Donald Trump since much of the counterintelligence investigation was conducted on UK soil. And if the Brits had knowledge of the operation, it will bolster claims that they meddled in the 2016 US election by assisting what appears to have been a set-up from the start . ..."
"... Steele's ham-handed dossier is a mere embarrassment, as virtually none of the claims asserted by the former MI6 agent have been proven true. ..."
"... I find it interesting that the Theresa May Govt in UK has the temerity to interfere with US politics (until they got caught out!), yet can't find the spine to stand up to the EU. ..."
"... THE UNITED KINGDOM along with ISRAEL & SAUDI ARABIA have always been the ones behind US Politics making, pulling the strings behind the curtains since the Petrodollar Inception, The Greater Israel project & the NWO initiative - only this time around Trump was not the UK's pick... ..."
"... England dominates the offshore money laundering havens where the super rich hide their money and evade taxes. They need to be brought down. No more African dictators looting their nation's resources and hiding the money first in offshore banks and then in JP Morgan and Brit banks. ..."
"... It is a test. If Trump doesn't go ahead with declassification, we know for sure he is no better than the globalists and neocons whose goal has always been to destroy and depopulate America. ..."
"... 'focusing on the former MI6 agent while ignoring the multitude of events which occurred on UK soil, is curious' ..."
"... Not at all. It's obvious - the problem ISN'T Steele. They're living in fear, as are many in DC and elsewhere, that Trump is going to pry the lid open and reveal at least some of their activities. If killing him would fix the problem, they would. It's too late, considering what Trump is threatening to do. I wonder if he'll back down, at least some? ..."
"... U.S. spies lure you overseas then...compromise you. ..."
"... Duh. This Started In London! Britain is the "foreign country" involved in our elections. Wake up everyone. It's LONDONGATE ..."
"... "t's hard to tell who's telling the truth and who isn't in this whole Russia narrative. Fact is, NOBODY is telling the truth. That is what I've determined after doing my own research.": https://youtu.be/2AA5BIfGj3g ..."
"... trump made promises before being elected, then lied and sold America out, just like every other corrupted assklown politician. he is no different than clinton bush obama, just as arrogant, just as corrupt, and just as much a traitor. ..."
Sep 23, 2018 | www.zerohedge.com

UK Begged Trump Not To Declassify Russia Docs; Cited "Grave Concerns" Over Steele Involvement

by Tyler Durden Sun, 09/23/2018 - 11:15 4.6K SHARES

The British government "expressed grave concerns" to the US government over the declassification and release of material related to the Trump-Russia investigation, according to the New York Times . President Trump ordered a wide swath of materials "immediately" declassified "without redaction" on Monday, only to change his mind later in the week by allowing the DOJ Inspector General to review the materials first.

The Times reports that the UK's concern was over material which "includes direct references to conversations between American law enforcement officials and Christopher Steele," the former MI6 agent who compiled the infamous "Steele Dossier." The UK's objection, according to former US and British officials, was over revealing Steele's identity in an official document, "regardless of whether he had been named in press reports."

We would note, however, that Steele's name was contained within the Nunes Memo - the House Intelligence Committee's majority opinion in the Trump-Russia case.

Steele also had extensive contacts with DOJ official Bruce Ohr and his wife Nellie, who - along with Steele - was paid by opposition research firm Fusion GPS in the anti-Trump campaign. Trump called for the declassification of FBI notes of interviews with Ohr, which would ostensibly reveal more about his relationship with Steele. Ohr was demoted twice within the Department of Justice for lying about his contacts with Fusion GPS.

Perhaps the Brits are also concerned since much of the espionage performed on the Trump campaign was conducted on UK soil throughout 2016 . Recall that Trump aid George Papadopoulos was lured to London in March, 2016, where Maltese professor Joseph Mifsud fed him the rumor that Russia had dirt on Hillary Clinton. It was later at a London bar that Papadopoulos would drunkenly pass the rumor to Australian diplomat Alexander Downer (who Strzok flew to London to meet with).

Also recall that CIA/FBI "informant" (spy) Stefan Halper met with both Carter Page and Papadopoulos in London.

Halper, a veteran of four Republican administrations, reached out to Trump aide George Papadopoulos in September 2016 with an offer to fly to London to write an academic paper on energy exploration in the Mediterranean Sea.

Papadopoulos accepted a flight to London and a $3,000 honorarium. He claims that during a meeting in London, Halper asked him whether he knew anything about Russian hacking of Democrats' emails.

Papadopoulos had other contacts on British soil that he now believes were part of a government-sanctioned surveillance operation. - Daily Caller

In total, Halper received over $1 million from the Obama Pentagon for "research," over $400,000 of which was granted before and during the 2016 election season.

In short, it's understandable that the UK would prefer to hide their involvement in the "witch hunt" of Donald Trump since much of the counterintelligence investigation was conducted on UK soil. And if the Brits had knowledge of the operation, it will bolster claims that they meddled in the 2016 US election by assisting what appears to have been a set-up from the start .

Steele's ham-handed dossier is a mere embarrassment, as virtually none of the claims asserted by the former MI6 agent have been proven true.

Steele, a former MI6 agent, is the author of the infamous and unverified anti-Trump dossier. He worked as a confidential human source for the FBI for years before the relationship was severed just before the election because of Steele's unauthorized contacts with the press.

He shared results of his investigation into Trump's links to Russia with the FBI beginning in early July 2016.

The FBI relied heavily on the unverified Steele dossier to fill out applications for four FISA warrants against Page. Page has denied the dossier's claims, which include that he was the Trump campaign's back channel to the Kremlin. - Daily Caller

That said, Steele hasn't worked for the British government since 2009, so for their excuse focusing on the former MI6 agent while ignoring the multitude of events which occurred on UK soil, is curious.


StychoKiller , 54 minutes ago

I find it interesting that the Theresa May Govt in UK has the temerity to interfere with US politics (until they got caught out!), yet can't find the spine to stand up to the EU. If I were Trump, not only would the shoe be dropping re: UK Govt involvement in US politics, but said shoe would be making an imprint across her face! (stoopid twat!)

texantim , 1 hour ago

I say release the docs and put sanctions on UK.

BitchesBetterRecognize , 1 hour ago

So the Motherland ******* up with the ex-colony yet again, huh?

THE UNITED KINGDOM along with ISRAEL & SAUDI ARABIA have always been the ones behind US Politics making, pulling the strings behind the curtains since the Petrodollar Inception, The Greater Israel project & the NWO initiative - only this time around Trump was not the UK's pick...

Oh, but those "civilized" Allies backstabbing each other for more power grip on the USA....

Baron von Bud , 2 hours ago

England dominates the offshore money laundering havens where the super rich hide their money and evade taxes. They need to be brought down. No more African dictators looting their nation's resources and hiding the money first in offshore banks and then in JP Morgan and Brit banks.

Many hedge funds are deep into this game. I'd wager on Carlyle Group and the Bush clan. Billions of people can't get ahead because the super rich are ******* crooks running the banks and governments. They don't pay taxes but force a small dry cleaner to pay 45% in fed/state taxes. These criminals include Hillary Clinton and many members of congress. Feinstein, Pelosi, Maxine and many more of both parties need to be investigated. How do they get so rich on a congressman's salary. Deep into tax evasion and payoffs? Release the documents and let MI6 hang.

Malvern Joe , 3 hours ago

It is a test. If Trump doesn't go ahead with declassification, we know for sure he is no better than the globalists and neocons whose goal has always been to destroy and depopulate America. It would represent the biggest sellout of this country since the creation of the Fed in 1913, He will go down as the biggest fraud ever and his base will deport his *** to the sums of India where he can defecate in public.

Bricker , 3 hours ago

You dont get to supply a rogue agent, that was probably told to do it in the first place, and then tell Trump not to do it out of harm, harm is all you BRIT DEEP STATES deserve

Moving and Grooving , 3 hours ago

'focusing on the former MI6 agent while ignoring the multitude of events which occurred on UK soil, is curious'

Not at all. It's obvious - the problem ISN'T Steele. They're living in fear, as are many in DC and elsewhere, that Trump is going to pry the lid open and reveal at least some of their activities. If killing him would fix the problem, they would. It's too late, considering what Trump is threatening to do. I wonder if he'll back down, at least some?

The sheer corruption of the Global Government is on display here, revealing itself, if you watch for it. Whether planned or not, the last 6 months or so have been astonishing to watch. The entire media has been shown to be liars, academia is shown to be an expensive provider of unprepared students, the corporate world is furiously rent-seeking and finding new ways to destroy humanity, and government is too busy selling Americans out to write a budget. In all countries around the world, adjusting for national status. Lawsuits in the west, machetes in the third world.

Ban KKiller , 4 hours ago

U.K. does not want the jurisdiction. U.S. spies lure you overseas then...compromise you.

John C Durham , 4 hours ago

Duh. This Started In London! Britain is the "foreign country" involved in our elections. Wake up everyone. It's LONDONGATE .

Anunnaki , 4 hours ago

May gonna owe Vlad an apology when Skripal is revealed to be Steele's source. Steele himself hadn't been to Russian in 15 years. Will he get life in prison for attempted murder?

PeaceForWorld , 4 hours ago

"t's hard to tell who's telling the truth and who isn't in this whole Russia narrative. Fact is, NOBODY is telling the truth. That is what I've determined after doing my own research.": https://youtu.be/2AA5BIfGj3g

I really like this woman "Shut the **** up!". She is a former Bernie supporter just like me. She has turned against Democrats just like me. She doesn't trust any of the Establishment parties.

Buddha71 , 4 hours ago

trump made promises before being elected, then lied and sold America out, just like every other corrupted assklown politician. he is no different than clinton bush obama, just as arrogant, just as corrupt, and just as much a traitor. he has broken the promises upon which he was elected, just like all the other fkn liars before him. no different. just a pos. he has not made america great again, just more of the same, unemployment is a lie, it is closer to 17%.

[Sep 23, 2018] Chris Hedges Are We Witnessing The Collapse Of The American Empire

Video
Sep 23, 2018 | www.realclearpolitics.com

Steve Paikin, host of the TVOntario (TVO) program The Agenda with Steve Paikin , speaks with Pulitzer Prize-winning journalist Chris Hedges, a vociferous public critic of presidents on both sides of the American political spectrum, and author of the new book, America, the Farewell Tour . Hedges delivers the biting assessment of the state of American democracy that our neighbors to the North are not polite enough to say on their own.

[Sep 23, 2018] The New York Times As Judge And Jury Zero Hedge

Notable quotes:
"... We've seen it before : a newspaper and individual reporters get a story horribly wrong but instead of correcting it they double down to protect their reputations and credibility - which is all journalists have to go on - and the public suffers. ..."
"... The Times' unsteady conviction is summed up in this paragraph, which the paper itself then contradicts only a few paragraphs later: "What we now know with certainty: The Russians carried out a landmark intervention that will be examined for decades to come. Acting on the personal animus of Mr. Putin, public and private instruments of Russian power moved with daring and skill to harness the currents of American politics. Well-connected Russians worked aggressively to recruit or influence people inside the Trump campaign." ..."
Sep 23, 2018 | www.zerohedge.com

We've seen it before : a newspaper and individual reporters get a story horribly wrong but instead of correcting it they double down to protect their reputations and credibility - which is all journalists have to go on - and the public suffers.

Sometimes this maneuver can contribute to a massive loss of life. The most egregious example was the reporting in the lead-up to the invasion of Iraq. Like nearly all Establishment media, The New York Times got the story of Iraq's weapons of mass destruction -- the major casus belli for the invasion -- dead wrong. But the Times , like the others, continued publishing stories without challenging their sources in authority, mostly unnamed, who were pushing for war.

The result was a disastrous intervention that led to hundreds of thousands of civilian deaths and continued instability in Iraq, including the formation of the Islamic State.

In a massive Times ' article published on Thursday, entitled, "A Plot to Subvert an Election: Unravelling the Russia Story So Far," it seems that reporters Scott Shane and Mark Mazzetti have succumbed to the same thinking that doubled down on Iraq.

They claim to have a "mountain of evidence" but what they offer would be invisible on the Great Plains.

With the mid-terms looming and Special Counsel Robert Mueller unable to so far come up with any proof of collusion between Russia and the Trump campaign to steal the 2016 election -- the central Russia-gate charge -- the Times does it for him, regurgitating a Russia-gate Round-Up of every unsubstantiated allegation that has been made -- deceptively presented as though it's all been proven.

Mueller: No collusion so far.

This is a reaffirmation of the faith, a recitation of what the Russia-gate faithful want to believe is true. But mere repetition will not make it so.

The Times' unsteady conviction is summed up in this paragraph, which the paper itself then contradicts only a few paragraphs later: "What we now know with certainty: The Russians carried out a landmark intervention that will be examined for decades to come. Acting on the personal animus of Mr. Putin, public and private instruments of Russian power moved with daring and skill to harness the currents of American politics. Well-connected Russians worked aggressively to recruit or influence people inside the Trump campaign."

But this schizoid approach leads to the admission that "no public evidence has emerged showing that [Trump's] campaign conspired with Russia."

The Times also adds: "There is a plausible case that Mr. Putin succeeded in delivering the presidency to his admirer, Mr. Trump, though it cannot be proved or disproved."

This is an extraordinary statement. If it cannot be "proved or disproved" what is the point of this entire exercise: of the Mueller probe, the House and Senate investigations and even of this very New York Times article?

Attempting to prove this constructed story without proof is the very point of this piece.

A Banner Day

The 10,000-word article opens with a story of a pro-Russian banner that was hung from the Manhattan Bridge on Putin's birthday, and an anti-Obama banner hung a month later from the Memorial Bridge in Washington just after the 2016 election.

On public property these are constitutionally-protected acts of free speech. But for the Times , "The Kremlin, it appeared, had reached onto United States soil in New York and Washington. The banners may well have been intended as visual victory laps for the most effective foreign interference in an American election in history."

Kremlin: Guilty, says NYT. (Robert Parry, 2016)

Why? Because the Times tells us that the "earliest promoters" of images of the banners were from social media accounts linked to a St. Petersburg-based click-bait farm, a company called the Internet Research Agency. The company is not legally connected to the Kremlin and any political coordination is pure speculation. IRA has been explained convincingly as a commercial and not political operation. Its aim is get and sell "eyeballs."

For instance the company conducted pro and anti-Trump rallies and social media messages, as well as pro and anti-Clinton. But the Times , in classic omission mode, only reports on "the anti-Clinton, pro-Trump messages shared with millions of voters by Russia." Sharing with "millions" of people on social media does not mean that millions of people have actually seen those messages. And if they had there is little way to determine whether it affected how they voted, especially as the messages attacked and praised both candidates.

The Times reporters take much at face value, which they then themselves undermine. Most prominently, they willfully mistake an indictment for a conviction, as if they do not know the difference.

This is in the category of Journalism 101. An indictment need not include evidence and under U.S. law an indictment is not evidence. Juries are instructed that an indictment is merely an accusation. That the Times commits this cardinal sin of journalism to purposely confuse allegations with a conviction is not only inexcusable but strikes a fatal blow to the credibility of the entire article.

It actually reports that "Today there is no doubt who hacked the D.N.C. and the Clinton campaign. A detailed indictment of 12 officers of Russia's military intelligence agency, filed in July by Mr. Mueller, documents their every move, including their break-in techniques, their tricks to hide inside the Democrats' networks and even their Google searches."

Who needs courts when suspects can be tried and convicted in the press?

What the Times is not taking into account is that Mueller knows his indictment will never be tested in court because the GRU agents will never be arrested, there is no extradition treaty between the U.S. and Russia and even if it were miraculously to see the inside of a courtroom Mueller can invoke states secrets privilege to show the "evidence" to a judge with clearance in his chambers who can then emerge to pronounce "Guilty!" without a jury having seen that evidence.

This is what makes Mueller's indictment more a political than a legal document, giving him wide leeway to put whatever he wants into it. He knew it would never be tested and that once it was released, a supine press would do the rest to cement it in the public consciousness as a conviction, just as this Times piece tries to do.

Errors of Commission and Omission

There are a series of erroneous assertions and omissions in the Times piece, omitted because they would disturb the narrative:

Trump: Sarcastically calls on Russia to get Clinton emails.

Distorts Geo-Politics

The piece swallows whole the Establishment's geo-strategic Russia narrative, as all corporate media do. It buys without hesitation the story that the U.S. seeks to spread democracy around the world, and not pursue its economic and geo-strategic interests as do all imperial powers.

The Times reports that, "The United States had backed democratic, anti-Russian forces in the so-called color revolutions on Russia's borders, in Georgia in 2003 and Ukraine in 2004." The Times has also spread the erroneous story of a democratic revolution in Ukraine in 2014, omitting crucial evidence of a U.S.-backed coup.

The Times disapprovingly dismisses Trump having said on the campaign trail that "Russia was not an existential threat, but a potential ally in beating back terrorist groups," when an objective view of the world would come to this very conclusion.

The story also shoves aside American voters' real concerns that led to Trump's election. For the Times, economic grievances and rejection of perpetual war played no role in the election of Trump. Instead it was Russian influence that led Americans to vote for him, an absurd proposition defied by a Gallup poll in July that showed Americans' greatest concerns being economic. Their concerns about Russia were statistically insignificant at less than one percent.

Ignoring Americans' real concerns exposes the class interests of Times staffers and editors who are evidently above Americans' economic and social suffering. The Times piece blames Russia for social "divisions" and undermining American democracy, classic projection onto Moscow away from the real culprits for these problems: bi-partisan American plutocrats. That also insults average Americans by suggesting they cannot think for themselves and pursue their own interests without Russia telling them what to do.

Establishment reporters insulate themselves from criticism by retreating into the exclusive Establishment club they think they inhabit. It is from there that they vicariously draw their strength from powerful people they cover, which they should instead be scrutinizing. Validated by being close to power, Establishment reporters don't take seriously anyone outside of the club, such as a website like Consortium News.

But on rare occasions they are forced to take note of what outsiders are saying. Because of the role The New York Timesplayed in the catastrophe of Iraq its editors took the highly unusual move of apologizing to its readers. Will we one day read a similar apology about the paper's coverage of Russia-gate? Tags Politics

[Sep 22, 2018] Transphobic Swedish Professor May Lose Job After Noting Biological Differences Between Sexes

Looks like Lysenkoism got a second life in the West...
Sep 22, 2018 | theduran.com

A university professor in Sweden is under investigation after he said that there are fundamental differences between men and women which are "biologically founded" Published

1 day ago

on

September 21, 2018 By

Tyler Durden 1,539 Views ,

[Sep 22, 2018] How Russian Sanctions Are Helping Putin Achieve His Most Desired Goal

Sep 22, 2018 | www.zerohedge.com

dirty fingernails , 47 seconds ago

Russia now awaits possible new sanctions as a result of its involvement in the United States election and as a result of the potential nerve agent attack in England.

Who the **** writes this ****? Who believes those baldfaced lies?

Hass C. , 49 minutes ago

A little glimpse into how much influence Putin has on his own economy. Which is not much. He is trying hard to remove Russia's testicles from the vice of US control but this is a slow process as the economy and capital market are totally open, except for military production which is under his own control and pretty much protected from the whims of markets.

The steady increase of sanctions has the objective of forcing Putin's hand into lashing out and trying a dirigistic neo-stalinist approach, but this would cut Russia from foreign technology and capital, make the best work force fly abroad, resulting in final implosion.

Whether Russia survives as an industrial economy till US and the dollar loses its power over it is anybody's guess. The more Russia is weakened at that time, the more likely China will flood it with its love.

Ms No , 51 minutes ago

The thing with Putin is that he is a great leader and Patriot. He wishes us no harm and would like to be our friends (the western population); however, Putin isn't motivated by saving the world, your nation or you personally. His loyalty is to his people and their future.

All actions that Putin has taken that ended up saving your *** were simply a benefit gained by the happenstance of what benefits us benefitting him.

Putin will save his own (hopefully) but you have to save yourself. Remember that.

LaugherNYC , 8 minutes ago

If Putin wants to be friends with the West, then why did he reverse the course of openness to the EU and NATO, the trend towards normalization, and turn hard right into an ultra-nationalist despot, starting to spout the diseased philosophy of Ilyin, becoming a xenophobic tin pot kleptocrat, like some African warlord, funneling funds and assets offshore through shell companies and his buddies?

It will be interesting to see what happens when/if there is a real global investigation of Putin's offshored assets, and an expose of how he has plundered his country. He will be the very last to repatriate - nor should we want him to be forced into it. If you close his escape hatch, Vlad will be forced to live up to his rhetoric, which is very Rapture-esque, very nuclear nightmare, very Judgement Day Armageddon

Anonymous IX , 1 hour ago

Where's Billy Browder? What's next on his agenda? Billy, btw, the next time you allow anyone to film you, have your handlers minimize the obvious drug and/or electronic mind control over you a little earlier. You seem to "wake up" an awful lot...you know...where your head snaps up like you didn't realize something...or you're "waking up" from something. Just a helpful hint. You did so chronically throughout the Magnitsky film. Here's what a mind looks like on "mind control." Don't look for eggs in a frying pan.

Ms No , 50 minutes ago

So mind control looks something like sleep apnea?

Savvy , 1 hour ago

the desire to keep assets out of the reach of the United States Treasury

Can you say 'capital flight'? I knew you could. Not a country in the world is going to trust the US with a grain of salt.

Well done Trump and your $864billon/month deficit spending.

Ms No , 49 minutes ago

We really should stop referring to it as the US treasury. Its something else.

opport.knocks , 3 minutes ago

Lendery?

Cashlaudratomat?

Ponzi-prefecture?

The US Usury?

hooligan2009 , 1 hour ago

according to polls aired by tv station "euro news", putin's ratings are down 10% because he wants to raise the retirement ages of men to 65 from 60 (male life expectancy is 66) and womens retirement age from 55 to 60 (womens life expectancy is 71).

i guess this is proof that sanctions are working. putin has to raise the retirement age and russians die 12-15 years earlier than those in the west.

oh, the humanity!

sanctions work: they hurt the bottom 50%, not those better off.

Balance-Sheet , 58 minutes ago

Good to note this and it appears to be correct. Male life expectancy is 65/66 on average so many will die reaching for their first tiny pension check. I do not know why Putin simply does not seek to save money by ordering people to be shot at 65 as a humane measure. Russia has shot 10s of millions over the past 100 years so this will maintain a tradition.

I am interested in your remark on Putin's popularity- he appears to be slipping into megalomania also typical of Russian leaders so perhaps he will be removed. Raising the retirement age in Russia is recklessly stupid from a political perspective in an impoverished country established as Earth's largest resource treasure house.

Ms No , 44 minutes ago

War and sanctions are expensive. Through this evil the world is impoverished. Zionist fiat currency is also crushingly expensive. We would be exceedingly wealthy without all of this. A whole different world could exist.

That probably wont happen until the next age (a golden age) though because people now are inherently stupid and lack any connection. Sticking their appendenges in everything and sinking completely in dense materialism is more important.

Hass C. , 39 minutes ago

Can you specify why you say he "appears to be slipping into megalomania"? Been observing him for years and his megalomania index seems stable to me.

Also, Russian demography makes raising the retirement age necessary, they say. Their birth rate is increasing but so does life expectancy.

opport.knocks , 1 minute ago

He will not be able to run for re-election so now is the time to implement necessary but unpopular reforms.

Shemp 4 Victory , 38 minutes ago

according to polls aired by tv station "euro news"

Well, if "euro news" said, then so it is. Free European press can't lie.

hooligan2009 , 28 minutes ago

haha.. yes.. i watched it for ten minutes, so the same four headlines scrolled through in a cycle three times in those ten minutes. pope, a survivor underneath a boat after two days in lake victoria, blunt brexit and putins popularity.

nothing approcahing any quality whatsoever. i was just making sure the other side of the house hadn't got past "stupid"!!!

123dobryden , 1 hour ago

Rossia. Davaj

notfeelinthebern , 1 hour ago

Yeah, he's giving the west the proverbial finger. Instead of creating a bridge to trade and friendship, the west is doing nothing but trying to destroy an imaginary enemy.

Matteo S. , 1 hour ago

It is not imaginary from the anglo-saxon empire's point of view.

The anglo-saxon empire has been playing this game for more than 3 centuries.

It first constantly attacked France until it definitely emasculated it with Napoleon's downfall.

Then it immediately went to the jugular of Russia. And on this occasion was formulated Mackinder's gropolitics principles.

Then it went for Germany.

Then in again against USSR/Russia.

This is not due to imagination. This is a deliberate and structural way to interact with the rest of the world. The anglo-saxon empire hates competition and tries to destroy any potential competitor instead of agreeing to cooperate with peers.

Ms No , 42 minutes ago

The Anglo Saxon empire was occupied by Zionist money lending. They controlled the British empire. A lot of those blueblood royal were theirs to begin with also. They were also the bankers of Rome.

Matteo S. , 27 minutes ago

Forget your fantasies about the Catholic Church and the pope.

It is Protestants who have always dominated the anglo-saxon empire. Protestants from Britain but also from Netherlands, Germany, France, who allied with the English and Scot Protestants to build their mammonite empire.

And for one Rothschild family, you had the Astors, Vanderbilt's, Rockefellers, Carnegie's, Morgans, Fords, ... etc, none of which were jewish.

The Zionists are just the tail of the anglo-saxon dog.

justdues , 1 hour ago

"Russia now awaits possible new sanctions as a result of it,s ALLEGED involvement in the United States election and as a result of the ALLEGED nerve agent attack in England . FIFTylers

hooligan2009 , 1 hour ago

quite right. no trial, no evidence and harsh sentences/convictions via trade embargoes.

russia offered reciprocation so it could try Browder. the west said no, invented crimes culminating in a Magnitsy act.

if individuals in Europe, the UK or the US were convicted and imprisoned without trial governments in those places would be thrown out on their ear.

as it is, western governments can bring the entire planet to the brink of war, based on their political opinions - with no evidence, no trial and no opportunity to argue a case for a defence of charges.

JibjeResearch , 1 hour ago

lolz ahaha.... a bad choice..., any fiat is a bad choice...

Go phy.gold or cryptos (BTC, ETH, XTZ), phy.silver is good too...

An Shrubbery , 40 minutes ago

Cryptosporidiosis are no different than fiat, maybe even a little worse. They are NOT anonymous, and are becoming less and less so and eventually will be co-opted by deep state operatives such as googoyle, facefuck, Twatter, amazog, etc. for the deep state. There is an absolute record of your every transaction in the blockchain.

It's just a matter of time. There will be a crypto that we're all forced to use in the near future, and big brother will have absolute control of it.

my new username , 1 hour ago

This has zero impact on working class Americans. It only affects liberals and rich people.

DEDA CVETKO , 1 hour ago

Everything has impact on everything else. We are all, in some bizarre ways, interconnected. Deripaska (pictured above) has a virtual global monopoly on aluminum trade. Guess who uses aluminum? You guessed it: people like you and I. The airplane industry. Consumer industry. The military. Medical equipment industry. Construction industry. Food industry. Everyone!

There is no such thing as isolationism anymore. It wasn't possible even during Warren Harding's presidency, let alone now. This deranged notion that Donald Trump will somehow insulate us all from the effects of his aggressive overseas posturing is deranged beyond description.

[Sep 22, 2018] Putin Keeps Cool And Averts WWIII As Israeli-French Gamble In Syria Backfires Spectacularly

Sep 22, 2018 | www.zerohedge.com

Authored by Robert Bridge via The Strategic Culture Foundation,

By initiating an attack on the Syrian province of Latakia, home to the Russia-operated Khmeimim Air Base, Israel, France and the United States certainly understood they were flirting with disaster. Yet they went ahead with the operation anyways.

On the pretext that Iran was preparing to deliver a shipment of weapon production systems to Hezbollah in Lebanon, Israeli F-16s, backed by French missile launches in the Mediterranean, destroyed what is alleged to have been a Syrian Army ammunition depot.

What happened next is already well established : a Russian Il-20 reconnaissance aircraft, which the Israeli fighter jets had reportedly used for cover, was shot down by an S-200 surface-to-air missile system operated by the Syrian Army. Fifteen Russian servicemen perished in the incident, which could have been avoided had Israel provided more than just one-minute warning before the attack. As a result, chaos ensued.

Whether or not there is any truth to the claim that Iran was preparing to deliver weapon-making systems to Hezbollah in Lebanon is practically a moot point based on flawed logic. Conducting an attack against an ammunition depot in Syria – in the vicinity of Russia's Khmeimim Air Base – to protect Israel doesn't make much sense when the consequence of such "protective measures" could have been a conflagration on the scale of World War III. That would have been an unacceptable price to achieve such a limited objective, which could have been better accomplished with the assistance of Russia, as opposed to NATO-member France, for example. In any case, there is a so-called "de-confliction system" in place between Israel and Russia designed to prevent exactly this sort of episode from occurring.

And then there is the matter of the timing of the French-Israeli incursion.

Just hours before Israeli jets pounded the suspect Syrian ammunition storehouse, Putin and Turkish President Recep Erdogan were in Sochi hammering out the details on a plan to reduce civilian casualties as Russian and Syrian forces plan to retake Idlib province, the last remaining terrorist stronghold in the country. The plan envisioned the creation of a demilitarized buffer zone between government and rebel forces, with observatory units to enforce the agreement. In other words, it is designed to prevent exactly what Western observers have been fretting about, and that is unnecessary 'collateral damage.'

So what do France and Israel do after a relative peace is declared, and an effective measure for reducing casualties? The cynically attack Syria, thus exposing those same Syrian civilians to the dangers of military conflict that Western capitals proclaim to be worried about.

Israel moves to 'damage control'

Although Israel has taken the rare move of acknowledging its involvement in the Syrian attack, even expressing "sorrow" for the loss of Russian life, it insists that Damascus should be held responsible for the tragedy. That is a highly debatable argument.

By virtue of the fact that the French and Israeli forces were teaming up to attack the territory of a sovereign nation, thus forcing Syria to respond in self-defense, it is rather obvious where ultimate blame for the downed Russian plane lies.

"The blame for the downing of the Russian plane and the deaths of its crew members lies squarely on the Israeli side," Russian Defense Minister Sergey Shoigu said.

"The actions of the Israeli military were not in keeping with the spirit of the Russian-Israeli partnership, so we reserve the right to respond."

Russian President Vladimir Putin, meanwhile, took admirable efforts to prevent the blame game from reaching the boiling point, telling reporters that the downing of the Russian aircraft was the result of "a chain of tragic circumstances, because the Israeli plane didn't shoot down our jet."

Nevertheless, following this extremely tempered and reserved remark, Putin vowed that Russia would take extra precautions to protect its troops in Syria, saying these will be "the steps that everyone will notice."

Now there is much consternation in Israel that the IDF will soon find its freedom to conduct operations against targets in Syria greatly impaired. That's because Russia, having just suffered a 'friendly-fire' incident from its own antiquated S-200 system, may now be more open to the idea of providing Syria with the more advanced S-300 air-defense system.

Earlier this year, Putin and Israeli Prime Minister Benjamin Netanyahu reached an agreement that prevented those advanced defensive weapons from being employed in the Syrian theater. That deal is now in serious jeopardy. In addition to other defensive measures, Russia could effectively create the conditions for a veritable no-fly zone across Western Syria in that it would simply become too risky for foreign aircraft to venture into the zone.

The entire situation, which certainly did not go off as planned, has forced Israel into damage control as they attempt to prevent their Russian counterparts from effectively shutting down Syria's western border.

On Thursday, Israeli Major-General Amikam Norkin and Brigadier General Erez Maisel, as well as officers of the Intelligence and Operations directorates of the Israeli air force will pay an official visit to Moscow where they are expected to repeat their concerns of "continuous Iranian attempts to transfer strategic weapons to the Hezbollah terror organization and to establish an Iranian military presence in Syria."

Moscow will certainly be asking their Israeli partners if it is justifiable to subject Russian servicemen to unacceptable levels of danger, up to and including death, in order to defend Israeli interests. It remains to be seen if the two sides can find, through the fog of war, an honest method for bringing an end to the Syria conflict, which would go far at relieving Israel's concerns of Iranian influence in the region.


CoCosAB , 1 minute ago

The TERRORISTS keep doing the same **** all the time... And ***** PUTIN keeps cool!

Fecund Stench , 2 minutes ago

'There will, however, be some form of no-fly zone and as Vladimir Putin stated Russia will take "the steps that everyone will notice."'

http://thesaker.is/some-fast-thoughts-on-il-20-andrei-martyanov/

Failure to notice bespeaks complicity in the Ziomedia.

toady , 12 minutes ago

"...if it is justifiable to subject Russian servicemen to unacceptable levels of danger, up to and including death, in order to defend Israeli interests."

Surely a few dozen Russians isn't comparable to all the Jews that died in the holocaust.

Just as all the Jews that died in the holocaust aren't comparable to all the the Russians that died in wwII.

isn't religion and the victim mentality a fun game to play?

JoeTurner , 13 minutes ago

Israel must have its lebensraum.....

bh2 , 45 minutes ago

Putin is not going to initiate WWIII over Syria or any military action within it. The outcome in Syria affects Russian national interests. But unlike Crimea, it does not affect any of Russia's vital national interests.

rejected , 35 minutes ago

If Syria was to shoot down one (1) American jet with one (1) pilot the US would respond like it was Pearl Harbor and Syria for sure isn't vital to America's national interests unless one considers results like Libya a national interest.

rejected , 1 hour ago

I seriously doubt Putin will allow the S-300 to Syria. Like the US, Russia is controlled by the 5th column Jews inside Russia itself except the control is not as complete as in the US. The Russian plane is Russia's USS Liberty.... and it is possible, and IMO that it was France that shot down the plane. The fact that they fired missiles at the same time and that has disappeared down the memory hole is very suspicious.

The West is out of control They talk International law but consider them selves above it. Israel, France, UK, US have no 'right' to attack Syria. They have no right to be within Syrian borders. They are now all allied with the terrorists and provide them with weapons. Israel actually provides for their wounds at Israeli hospitals.

By the old definition of terrorist, it is the West that fits the description.

As for Mr. Putin,,, He has done what was unthinkable a short time ago. He has allowed the murder of Russians. Not once,,, not twice,,, but now three times with only a whimper. He actually defended the aggressors this time. This will only serve to make them double down. If any more Russians are murdered it will be he who is guilty by lack of action. Even Somalia fought back when the US tried an attack.

The author here defends Putin as acting with a cool head as the author, like so many cowards thee days, dismisses those fifteen lives. He will also be responsible when the next batch of Russians are sacrificed for world peace as the Western marauders, the US especially, murders their way to world domination like Germany's Hitler and France's Napoleon.

It was Russia that saved the world from those two dictators and is why Russia stands proud today. It is Russia's history to savagely defend Russians and Russia. Today with thousands of Russians killed by Ukrainian Nazis supported and armed by the West (MAGA) and now Russians killed in Syria by the West with little to no response from Russia other than "Its against international law" and authors like this that nonchalantly discard Russian lives as necessary for world peace.

Mr. Putin just needs to hand over the keys to Russia,,, for world peace of course.

[Sep 22, 2018] The last sentence just about sums neo-liberals up: most of the homeless are informed, are 'drugged out losers.'

Sep 22, 2018 | www.moonofalabama.org

bevin , Sep 22, 2018 7:08:38 PM | link

"All the leading economic indicators are great to healthy ... Homelessness is worse than I have ever seen but I do not see any Latino or Asian homeless people. It is nearly 100% white or African Americans. Most appear to be drugged out losers."

A perfect example of what b meant when he said that the only people suffering are the poor. Meaning that nobody cares about them and, often because they are prevented from doing so, they rarely vote. And when they do vote there aren't any candidates to vote for.

The last sentence just about sums neo-liberals up: most of the homeless are informed, are 'drugged out losers.'
So that's OK is it? Ever wonder why they are drugged out? Or what the rules were in the game they lost?

[Sep 22, 2018] Saturday Satire Down With The Working Classes! by CJ Hopkins

Sep 22, 2018 | www.zerohedge.com

Authored by CJ Hopkins via Unz.com,

... ... ...

The international working classes are racists. They are misogynists. Xenophobic transphobes. They do not think the way we want them to. Some of them actually still believe in God. And they are white supremacists. Anti-Semites. Gun-toting, Confederate-flag-flying rednecks. Most of them have never even heard of terms like "intersectionality," "TERF," and so on.

They do not respect the corporate media. They think that news sources like the Washington Post, The New York Times, The Guardian, CNN, MSNBC, BBC, and so on, are basically propaganda outlets for the global corporations and oligarchs who own them, and thus are essentially no different from FOX, whose pundits they believe every word of.

Their minds are so twisted by racism and xenophobia that they can't understand how global capitalism, the graduated phase-out of national sovereignty, the privatization of virtually everything, the debt-enslavement of nearly everyone, and the replacement of their so-called "cultures" with an ubiquitous, smiley-faced, gender-neutral, non-oppressive, corporate-friendly, Disney simulation of culture are actually wonderfully progressive steps forward on the road to a more peaceful, less offensive world.

Now this has been proved in numerous studies with all kinds of charts and graphs and so on. And not only by the corporate statisticians, and the corporate media, and liberal think tanks. Why, just this week, Mehdi Hasan, in an exasperated jeremiad in the pages of The Intercept , that bastion of fearless, adversarial journalism owned by billionaire Pierre Omidyar, proved, once again, that Donald Trump was elected because PEOPLE ARE GODDAMN RACISTS!

[Sep 21, 2018] This Man's Incredible Story Proves Why Due Process Matters In The Kavanaugh Case Zero Hedge

Sep 21, 2018 | www.zerohedge.com

This Man's Incredible Story Proves Why Due Process Matters In The Kavanaugh Case

by Tyler Durden Fri, 09/21/2018 - 21:05 3 SHARES

Submitted by James Miller of The Political Insider

Somewhere between the creation of the Magna Carta and now, leftists have forgotten why due process matters; and in some cases, such as that of Judge Brett Kavanaugh, they choose to outright ignore the judicial and civil rights put in place by the U.S. Constitution.

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In this age of social media justice mobs, the accused are often convicted in the court of public opinion long before any substantial evidence emerges to warrant an investigation or trial. This is certainly true for Kavanaugh. His accuser, Christine Blasey Ford , cannot recall the date of the alleged assault and has no supporting witnesses, yet law professors are ready to ruin his entire life and career. Not because they genuinely believe he's guilty, but because he's a pro-life Trump nominee for the Supreme Court.

It goes without saying: to "sink Kavanaugh even if" Ford's allegation is untrue is unethical, unconstitutional, and undemocratic. He has a right to due process, and before liberals sharpen their pitchforks any further they would do well to remember what happened to Brian Banks.

In the summer of 2002, Banks was a highly recruited 16-year-old linebacker at Polytechnic High School in California with plans to play football on a full scholarship to the University of Southern California. However, those plans were destroyed when Banks's classmate, Wanetta Gibson, claimed that Banks had dragged her into a stairway at their high school and raped her.

Gibson's claim was false, but it was Banks's word against hers. Banks had two options: go to trial and risk spending 41 years-to-life in prison, or take a plea deal that included five years in prison, five years probation, and registering as a sex offender. Banks accepted the plea deal under the counsel of his lawyer, who told him that he stood no chance at trial because the all-white jury would "automatically assume" he was guilty because he was a "big, black teenager."

Gibson and her mother subsequently sued the Long Beach Unified School District and won a $1.5 million settlement. It wasn't until nearly a decade later, long after Banks's promising football career had already been tanked, that Gibson admitted she'd fabricated the entire story.

Following Gibson's confession, Banks was exonerated with the help of the California Innocence Project . Hopeful to get his life back on track, he played for Las Vegas Locomotives of the now-defunct United Football League in 2012, and signed with the Atlanta Falcons in 2013. But while Banks finally received justice, he will never get back the years or the prospective pro football career that Gibson selfishly stole from him.

Banks's story is timely, and it serves as a powerful warning to anyone too eager to condemn those accused of sexual assault. In fact, a film about Banks's ordeal, Brian Banks , is set to premiere at the Los Angeles Film Festival next week.

https://youtu.be/niioAq33v8s

Perhaps all the #MeToo Hollywood elites and their liberal friends should attend the screening - and keep Kavanaugh in their minds as they watch.

Reaper , 2 minutes ago

False charges were condemned by Moses 3200 years ago. We need his solution: the false accusser suffers the penalty they desired on ther falsely accused.

[Sep 21, 2018] The Dollar Shortage China's Bond Selling Are About To Corner the Fed Zero Hedge Zero Hedge

Sep 21, 2018 | www.zerohedge.com

The Dollar Shortage & China's Bond Selling Are About To Corner the Fed

by Palisade Research Fri, 09/21/2018 - 19:22 8 SHARES

Via Adem Tumerkan @ Palisade-Research.com

- This is a repost of the recent Palisade Weekly Letter –

Earlier this week – news went by relatively unnoticed by the ' mainstream ' financial media (CNCB and such) that Beijing's started selling their U.S. debt holdings.

Putting it another way – they're dumping U.S. bonds. . .

"China's ownership of U.S. bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June."

Remember – dumping U.S. debt is China's nuclear option (which I wrote about back in April – click here to read if you missed it ).

And although they're starting to sell U.S. bonds – expect it to be at a slow and steady pace. They don't want to risk hurting themselves over this.

I believe China may be selling just enough to get the attention of Trump and the Treasury. A soft warning for them not to take things too far with tariffs and trade.

Yet already just as news hit the wire that China was selling bonds a few days ago – U.S. yields spiked abo