Welcome to Pottersville 2 (Blogging Against Fascism!): (Please Read About) This Economic Disaster by William K. Black

Ukraine Disinformation Battle: Little Green Men, Hamsters and the Fog of War

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There has always been a gap in how media on both sides of the former Iron Curtain have reported world events, and it’s growing as the crisis in Ukraine escalates. It has become increasingly difficult to obtain reliable information from any side — west, east, or further east — about what is going on in Eastern Ukraine. While powerful propaganda machines fill the public space with smoke and mirrors, one of the few facts that can be positively established in Eastern Ukraine is that the body count is steadily growing: a testament of just how easy it is for self-interested foreign powers to start, either intentionally or recklessly, a civil war in the heart of Europe. Continuing coverage is available at this link and this link.

Paul Krugman:

Paul Craig Roberts:

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US Media _________________
"Anyone who depends on print, TV, or right-wing talk radio media is totally misinformed. The Bush administration has achieved a de facto Ministry of Propaganda."

"The uniformity of the US media has become much more complete since the days of the cold war. During the 1990s, the US government permitted an unconscionable concentration of print and broadcast media that terminated the independence of the media.

Today the US media is owned by 5 giant companies in which pro-Zionist Jews have disproportionate influence. More importantly, the values of the conglomerates reside in the broadcast licenses, which are granted by the government, and the corporations are run by corporate executives — not by journalists — whose eyes are on advertising revenues and the avoidance of controversy that might produce boycotts or upset advertisers and subscribers.

Americans who rely on the totally corrupt corporate media have no idea what is happening anywhere on earth, much less at home."
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War On Terror _________________
Roberts asked "Is the War on Terror a Hoax", and claims it has "killed, maimed, dislocated, and made widows and orphans of millions of Muslims in six countries". Roberts called the attacks "naked aggression" on civilian populations and infrastructure which constitute war crimes. _________________
Republican Party _________________
Roberts is seriously dismayed by what he considers the Republican Party's disregard for the U.S. Constitution. He has even voiced his regret that he ever worked for it, avowing that, had he known what it would become, he would never have contributed to the Reagan Revolution. _________________
American Democracy and Oligarchy _________________
Roberts has been increasingly critical of what he deems as the lessening of democracy in the U.S.; instead accusing it of being run by oligarchs by stating:

"The west prides itself that it is the standard for the world, that it is a democracy. But nowhere do you see democratic outcomes: not in Greece, not in Ireland, not in the UK, not here, the outcomes are always to punish the innocent and reward the guilty.

And that's what the Greeks are in the streets protesting. We see this all over the west. There is no democracy, there are oligarchies, some of these smaller European countries are not even run by their own governments, they are run by Wall Street... There is probably more democracy in China than there is in the west.

Revolution is the only answer... We are confronted with a curious situation. Throughout the west we think we have democracy, we hold ourselves up high, we demonize China, we talk about the mafia state of Russia, we talk about the Arabs and so on, but where is the democracy here?" _________________
Farewell Speech _________________
"Truth Has Fallen and Taken Liberty With It,"

Roberts effectively announced his journalistic retirement. The article, published at Counterpunch.org, begins:

"There was a time when the pen was mightier than the sword. That was a time when people believed in truth and regarded truth as an independent power and not as an auxiliary for government, class, race, ideological, personal, or financial interest."

It proceeds to a bitter chronicle of the demise of American intellectual integrity, particularly that of financial journalists and economists. These have been thoroughly corrupted by monetary inducements to misrepresent and ignore what has been, in effect, the systematic dismantling of the nation's productive life, in the name of globalization.

He holds the members of his own journalistic profession largely responsible for abetting relentless outsourcing of American industry, thereby gutting the American middle class and effectively dooming the nation's future.

He describes his own ostracism from mainstream media access, the consequence of his relentless and unflinching criticism of the demolition process over the past decade. His column ends, "The militarism of the U.S. and Israeli states, and Wall Street and corporate greed, will now run their course. As the pen is censored and its might extinguished, I am signing off." _________________

Liberal?

"If by a 'Liberal' they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people — their health, their housing, their schools, their jobs, their civil rights, and their civil liberties — someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what they mean by a “Liberal,” then I’m proud to say I’m a “Liberal."

John F. Kennedy, 1960
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Citizen's United

"[T]his Court now concludes that independent expenditures, including those made by corporations, do not give rise to corruption or the appearance of corruption. That speakers may have influence over or access to elected officials does not mean that those officials are corrupt. And the appearance of influence or access will not cause the electorate to lose faith in this democracy."

– Citizens United v. Federal Election Commission
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Wednesday, August 12, 2009

(Please Read About) This Economic Disaster by William K. Black

If you don't want to read this essay or watch the accompanying video (please click on the title link), I understand. (This is the very smart guy who was featured on Bill Moyers' Journal several weeks ago.) After all, it's summer/August! And no one needs any more bad news. So, wait until September cools off to find out why you should be really livid about the mess your life is now as a result of the (continuing) economic catastrophe visited on you by your betters.

I do want to venture, however, that's it's actually a relief to learn how your retirement and whatever current wealth you thought you had was so readily transferred to the truly wealthy (and for sooo long a time), and why investment advisers like Warren Buffett (and those on CNBC) tell you it will all be better soon. (Emphasis marks added - Ed.)

This Economic Disaster Video - Lecture By William K. Black
Posted August 11, 2009 William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis.
He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. (Run Time: 1 hour, 38 minutes)

(without further comment) Suzan

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2 comments:

Michael Hart said...: Where TF does it end??

Have you seen this, today?

http://bit.ly/FpbUz

I need a drink.

Or a ticket to another planet with something on it besides greedy assholes.; August 12, 2009 at 6:45 PM
Cirze said...: Nope.

But I had seen it elsewhere; in fact, I have already written about it. I read all the info available on Markopolos' efforts long ago when no one was paying him any attention.

It's why giving the money to the banksters to get them to lend was a ruse, and why the toxic assets will always be with us.

There's no market for fools there.

Only here.

Pass the bottle?

S; August 13, 2009 at 4:31 PM

"A man of peace is not a pacifist; a man of peace is simply a pool of silence. He pulsates a new kind of energy into the world, he sings a new song. He lives in a totally new way his very way of live is that of grace, that of prayer, that of compassion. Whomsoever he touches, he creates more love-energy. The man of peace is creative. He is not against war, because to be against anything is to be at war. He is not against war; he simply understands why war exists. And out of that understanding he becomes peaceful. Only when there are many people who are pools of peace, silence, understanding, will the war disappear."
Osho

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Wednesday, August 12, 2009

(Please Read About) This Economic Disaster by William K. Black

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