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Octafish
Octafish's Journal
Octafish's Journal
February 4, 2015
Seeing how repeal of Glass-Steagall cost America untold trillions...
...and threw millions of American families out of their homes, no. Not at all.
You really do need to get up to speed, stevenleser. Try William K. Black:
http://neweconomicperspectives.org/category/william-k-black
Once you get the concept of "Control Fraud," you should see how it applies to people and banking and the United States.
February 4, 2015
Familiarity Breeds Corruption
Ask Bill and Phil about Buy-Partisanship.
http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html
They both now specialize in all kinds of Wealth Management, like.
February 3, 2015
Via Chris Hedges:
BTW: One company's technology helped enable both regimes, IBM.
Reason for wholesale surveillance is so government can arrest a certain category.
Writing about the Third Reich, Hannah Arendt pegged our situation today.Via Chris Hedges:
The goal of wholesale surveillance, as Arendt wrote in “The Origins of Totalitarianism,” is not, in the end, to discover crimes, “but to be on hand when the government decides to arrest a certain category of the population.” And because Americans’ emails, phone conversations, Web searches and geographical movements are recorded and stored in perpetuity in government databases, there will be more than enough “evidence” to seize us should the state deem it necessary. This information waits like a deadly virus inside government vaults to be turned against us. It does not matter how trivial or innocent that information is. In totalitarian states, justice, like truth, is irrelevant.
BTW: One company's technology helped enable both regimes, IBM.
February 2, 2015
Economist Tyler Cowen of George Mason University has seen the future and it looks bleak for most of us. Thankfully, the United States of America may be in for good times, especially for those perched atop the socio-economic pyramid scheme, should war break out.
The Pitfalls of Peace
The Lack of Major Wars May Be Hurting Economic Growth
Tyler Cowen
The New York Times, JUNE 13, 2014
The continuing slowness of economic growth in high-income economies has prompted soul-searching among economists. They have looked to weak demand, rising inequality, Chinese competition, over-regulation, inadequate infrastructure and an exhaustion of new technological ideas as possible culprits.
An additional explanation of slow growth is now receiving attention, however. It is the persistence and expectation of peace.
The world just hasn’t had that much warfare lately, at least not by historical standards. Some of the recent headlines about Iraq or South Sudan make our world sound like a very bloody place, but today’s casualties pale in light of the tens of millions of people killed in the two world wars in the first half of the 20th century. Even the Vietnam War had many more deaths than any recent war involving an affluent country.
Counterintuitive though it may sound, the greater peacefulness of the world may make the attainment of higher rates of economic growth less urgent and thus less likely. This view does not claim that fighting wars improves economies, as of course the actual conflict brings death and destruction. The claim is also distinct from the Keynesian argument that preparing for war lifts government spending and puts people to work. Rather, the very possibility of war focuses the attention of governments on getting some basic decisions right — whether investing in science or simply liberalizing the economy. Such focus ends up improving a nation’s longer-run prospects.
It may seem repugnant to find a positive side to war in this regard, but a look at American history suggests we cannot dismiss the idea so easily. Fundamental innovations such as nuclear power, the computer and the modern aircraft were all pushed along by an American government eager to defeat the Axis powers or, later, to win the Cold War. The Internet was initially designed to help this country withstand a nuclear exchange, and Silicon Valley had its origins with military contracting, not today’s entrepreneurial social media start-ups. The Soviet launch of the Sputnik satellite spurred American interest in science and technology, to the benefit of later economic growth.
War brings an urgency that governments otherwise fail to summon. For instance, the Manhattan Project took six years to produce a working atomic bomb, starting from virtually nothing, and at its peak consumed 0.4 percent of American economic output. It is hard to imagine a comparably speedy and decisive achievement these days.
SNIP...
Living in a largely peaceful world with 2 percent G.D.P. growth has some big advantages that you don’t get with 4 percent growth and many more war deaths. Economic stasis may not feel very impressive, but it’s something our ancestors never quite managed to pull off. The real questions are whether we can do any better, and whether the recent prevalence of peace is a mere temporary bubble just waiting to be burst.
Tyler Cowen is a professor of economics at George Mason University.
SOURCE: http://www.nytimes.com/2014/06/14/upshot/the-lack-of-major-wars-may-be-hurting-economic-growth.html?_r=0
[font color="purple"]Dr. Cowen, from what I've read, is a fine person and not one to promulgate war. He's just sayin'.
He has commented on other Big Ticket economic themes impacting us today: "Inequality," for another instance. [/font color]
Tired Of Inequality? One Economist Says It'll Only Get Worse
by NPR STAFF
September 12, 2013 3:05 AM
Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:
"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."
It's a radical change from the America of 40 or 50 years ago. Cowen believes the wealthy will become more numerous, and even more powerful. The elderly will hold on to their benefits ... the young, not so much. Millions of people who might have expected a middle class existence may have to aspire to something else.
SNIP...
Some people, he predicts, may just have to find a new definition of happiness that costs less money. Cowen says this widening is the result of a shifting economy. Computers will play a larger role and people who can work with computers can make a lot. He also predicts that everyone will be ruthlessly graded — every slice of their lives, monitored, tracked and recorded.
CONTINUED with link to the audio...
http://www.npr.org/2013/09/12/221425582/tired-of-inequality-one-economist-says-itll-only-get-worse
For some reason, the interview with Steve Inskeep didn't bring up the subject of the GOVERNMENT DOING SOMETHING ABOUT IT LIKE IN THE NEW DEAL so I thought I'd bring it up. Older DUers may recall the Democratic Party once actually did do stuff for the average American, from school and work to housing and justice. But, we can't afford that now, obviously, thanks to austerity or the sequester or the divided government.
What's important is that the 1-percent may swell to a 15-percent "upper middle class." Unfortunately, that may see the rest of the middle class go the other way. Why does that ring a bell? Oh yeah.
"Commercial interests are very powerful interests," said George W Bush on Feb. 14, 2007 White House press conference in which he added, "Let me put it this way, ah, sometimes, ah, money trumps peace." And then he giggled and not a single member of the callow, cowed and corrupt press corpse saw fit to ask a follow-up.
Gold Star mom Cindy Sheehan tried to bring it to our nation's attention back in 2007. I don't recall even one reporter from the national corporate owned news seeing it fit to comment. Certainly not many have commented on how three generations of Bush men -- Senator Prescott Sheldon Bush, President George Herbert Walker Bush and pretzeldent George Walker Bush all had their eyes on Iraq's oil.
I wish the Press had done its job. Those in authority would have to do their job. Millions might still be alive, the People might use the money spent on wars in better ways, and the Republic might see a return to Justice.
We Need More War - BFEE Business Plan is now the modern American Economic Worldview.
Economist Tyler Cowen of George Mason University has seen the future and it looks bleak for most of us. Thankfully, the United States of America may be in for good times, especially for those perched atop the socio-economic pyramid scheme, should war break out.
The Pitfalls of Peace
The Lack of Major Wars May Be Hurting Economic Growth
Tyler Cowen
The New York Times, JUNE 13, 2014
The continuing slowness of economic growth in high-income economies has prompted soul-searching among economists. They have looked to weak demand, rising inequality, Chinese competition, over-regulation, inadequate infrastructure and an exhaustion of new technological ideas as possible culprits.
An additional explanation of slow growth is now receiving attention, however. It is the persistence and expectation of peace.
The world just hasn’t had that much warfare lately, at least not by historical standards. Some of the recent headlines about Iraq or South Sudan make our world sound like a very bloody place, but today’s casualties pale in light of the tens of millions of people killed in the two world wars in the first half of the 20th century. Even the Vietnam War had many more deaths than any recent war involving an affluent country.
Counterintuitive though it may sound, the greater peacefulness of the world may make the attainment of higher rates of economic growth less urgent and thus less likely. This view does not claim that fighting wars improves economies, as of course the actual conflict brings death and destruction. The claim is also distinct from the Keynesian argument that preparing for war lifts government spending and puts people to work. Rather, the very possibility of war focuses the attention of governments on getting some basic decisions right — whether investing in science or simply liberalizing the economy. Such focus ends up improving a nation’s longer-run prospects.
It may seem repugnant to find a positive side to war in this regard, but a look at American history suggests we cannot dismiss the idea so easily. Fundamental innovations such as nuclear power, the computer and the modern aircraft were all pushed along by an American government eager to defeat the Axis powers or, later, to win the Cold War. The Internet was initially designed to help this country withstand a nuclear exchange, and Silicon Valley had its origins with military contracting, not today’s entrepreneurial social media start-ups. The Soviet launch of the Sputnik satellite spurred American interest in science and technology, to the benefit of later economic growth.
War brings an urgency that governments otherwise fail to summon. For instance, the Manhattan Project took six years to produce a working atomic bomb, starting from virtually nothing, and at its peak consumed 0.4 percent of American economic output. It is hard to imagine a comparably speedy and decisive achievement these days.
SNIP...
Living in a largely peaceful world with 2 percent G.D.P. growth has some big advantages that you don’t get with 4 percent growth and many more war deaths. Economic stasis may not feel very impressive, but it’s something our ancestors never quite managed to pull off. The real questions are whether we can do any better, and whether the recent prevalence of peace is a mere temporary bubble just waiting to be burst.
Tyler Cowen is a professor of economics at George Mason University.
SOURCE: http://www.nytimes.com/2014/06/14/upshot/the-lack-of-major-wars-may-be-hurting-economic-growth.html?_r=0
[font color="purple"]Dr. Cowen, from what I've read, is a fine person and not one to promulgate war. He's just sayin'.
He has commented on other Big Ticket economic themes impacting us today: "Inequality," for another instance. [/font color]
Tired Of Inequality? One Economist Says It'll Only Get Worse
by NPR STAFF
September 12, 2013 3:05 AM
Economist Tyler Cowen has some advice for what to do about America's income inequality: Get used to it. In his latest book, Average Is Over, Cowen lays out his prediction for where the U.S. economy is heading, like it or not:
"I think we'll see a thinning out of the middle class," he tells NPR's Steve Inskeep. "We'll see a lot of individuals rising up to much greater wealth. And we'll also see more individuals clustering in a kind of lower-middle class existence."
It's a radical change from the America of 40 or 50 years ago. Cowen believes the wealthy will become more numerous, and even more powerful. The elderly will hold on to their benefits ... the young, not so much. Millions of people who might have expected a middle class existence may have to aspire to something else.
SNIP...
Some people, he predicts, may just have to find a new definition of happiness that costs less money. Cowen says this widening is the result of a shifting economy. Computers will play a larger role and people who can work with computers can make a lot. He also predicts that everyone will be ruthlessly graded — every slice of their lives, monitored, tracked and recorded.
CONTINUED with link to the audio...
http://www.npr.org/2013/09/12/221425582/tired-of-inequality-one-economist-says-itll-only-get-worse
For some reason, the interview with Steve Inskeep didn't bring up the subject of the GOVERNMENT DOING SOMETHING ABOUT IT LIKE IN THE NEW DEAL so I thought I'd bring it up. Older DUers may recall the Democratic Party once actually did do stuff for the average American, from school and work to housing and justice. But, we can't afford that now, obviously, thanks to austerity or the sequester or the divided government.
What's important is that the 1-percent may swell to a 15-percent "upper middle class." Unfortunately, that may see the rest of the middle class go the other way. Why does that ring a bell? Oh yeah.
"Commercial interests are very powerful interests," said George W Bush on Feb. 14, 2007 White House press conference in which he added, "Let me put it this way, ah, sometimes, ah, money trumps peace." And then he giggled and not a single member of the callow, cowed and corrupt press corpse saw fit to ask a follow-up.
Gold Star mom Cindy Sheehan tried to bring it to our nation's attention back in 2007. I don't recall even one reporter from the national corporate owned news seeing it fit to comment. Certainly not many have commented on how three generations of Bush men -- Senator Prescott Sheldon Bush, President George Herbert Walker Bush and pretzeldent George Walker Bush all had their eyes on Iraq's oil.
I wish the Press had done its job. Those in authority would have to do their job. Millions might still be alive, the People might use the money spent on wars in better ways, and the Republic might see a return to Justice.
February 1, 2015
AUG 1960: Richard Bissell meets with Colonel Sheffield Edwards, director of the CIA's Office of Security, and discusses with him ways to eliminate or assassinate Fidel Castro. Edwards proposes that the job be done by assassins hand-picked by the American underworld, specifically syndicate interests who have been driven out of their Havana gambling casinos by the Castro regime. Bissell gives Edwards the go-ahead to proceed. Between August 1960, and April 1961, the CIA with the help of the Mafia pursues a series of plots to poison or shot Castro. The CIA’s own internal report on these efforts states that these plots "were viewed by at least some of the participants as being merely one aspect of the over-all active effort to overthrow the regime that culminated in the Bay of Pigs." (CIA, Inspector General's Report on Efforts to Assassinate Fidel Castro, p. 3, 14)
http://www.gwu.edu/~nsarchiv/bayofpigs/chron.html
[font color="purple"]Details on the actual sit-down:[/font color]
Ever wonder about the sanity of America's leaders? Take a close look at perhaps the most bizarre plot in U.S. intelligence history
By Bryan Smith
Chicago Magazine
November 2007
(page 4 of 6)
EXCERPT...
By September 1960, the project was proceeding apace. Roselli would report directly to Maheu. The first step was a meeting in New York. There, at the Plaza Hotel, Maheu introduced Roselli to O'Connell. The agent wanted to cover up the participation of the CIA, so he pretended to be a man named Jim Olds who represented a group of wealthy industrialists eager to get rid of Castro so they could get back in business.
"We may know some people," Roselli said. Several weeks later, they all met at the Fontainebleau Hotel in Miami. For years, the luxurious facility had served as the unofficial headquarters for Mafioso leaders seeking a base close to their gambling interests in Cuba. Now, it would be the staging area for the assassination plots.
At a meeting in one of the suites, Roselli introduced Maheu to two men: Sam Gold and a man Roselli referred to as Joe, who could serve as a courier to Cuba. By this time, Roselli was on to O'Connell. "I'm not kidding," Roselli told the agent one day. "I know who you work for. But I'm not going to ask you to confirm it."
Roselli may have figured out that he was dealing with the CIA, but neither Maheu nor O'Connell realized the rank of mobsters with whom they were dealing. That changed when Maheu picked up a copy of the Sunday newspaper supplement Parade, which carried an article laying out the FBI's ten most wanted criminals. Leading the list was Sam Giancana, a.k.a. "Mooney," a.k.a. "Momo," a.k.a. "Sam the Cigar," a Chicago godfather who was one of the most feared dons in the country—and the man who called himself Sam Gold. "Joe" was also on the list. His real name, however, was Santos Trafficante—the outfit's Florida and Cuba chieftain.
Maheu alerted O'Connell. "My God, look what we're involved with," Maheu said. O'Connell told his superiors. Questioned later before the 1975 U.S. Senate Select Committee on Intelligence (later nicknamed the Church Committee after its chairman, Frank Church, the Democratic senator from Idaho), O'Connell was asked whether there had ever been any discussion about asking two men on the FBI's most wanted list to carry out a hit on a foreign leader.
CONTINUED...
http://www.chicagomag.com/Chicago-Magazine/November-2007/How-the-CIA-Enlisted-the-Chicago-Mob-to-Put-a-Hit-on-Castro/index.php?cparticle=4&siarticle=3
[font color="purple"]Yet, the CIA uses the media to repeat the false news that Kennedy was the guy who wanted Castro dead.[/font color]
Spies: Ex-CIA Agent In Raleigh Says Castro Knew About JFK Assassination Ahead Of Time
Former CIA agent and author Brian Latell in Raleigh
By The Raleigh Telegram
RALEIGH – A noted former Central Intelligence Agency officer, author, and scholar who is intimately knowledgeable about Cuba and Fidel Castro, says he believes there is evidence that Castro’s government knew about the assassination of President John F. Kennedy in 1963 ahead of time.
SNIP...
Robert Kennedy, as the Attorney General of the United States, was in charge of the operation, said Latell. Despite the United States’ best efforts, the operation was nonetheless penetrated by Cuban intelligence agents, said Latell.
Latell said there were two serious assassination attempts by the United States against Castro that even used members of the mafia to help, but both of them were obviously unsuccessful.
He also said that there was a plot by the United States to have Castro jabbed with a pen containing a syringe filled with a very effective poison. Latell said that he believes the experienced assassin who worked for Castro who originally agreed to the plan may have been a double agent. After meeting with a personal representative of Robert Kennedy in Paris, the man knew that the plan to assassinate Castro came from the highest levels of the government, including John F. and Robert Kennedy.
The plan was never carried out, as the man later defected to the United States, but with so many double agents working for Castro also pledging allegiance to the CIA, Latell said it was likely that the information got back to Havana that the Kennedy brothers endorsed that plot with the pen.
CONTINUED...
http://raleightelegram.com/201209123311
I wonder why that is? And if I wonder, I would think the United States' self- and otherwise-proclaimed "Paper of Record," were it interested in justice, would find that information and the many ancillary leads worth pursuing.
Thank you for putting the situation into words, jalan48.
Makes one wonder, especially considering who Uncle Sam has done business with.
Stuff I have seldom seen mentioned anywhere, let alone the New York Times:
[font color="purple"]President Dwight D. Eisenhower was in office when members of his administration hired the Mafia to murder Fidel Castro in 1960.[/font color]
AUG 1960: Richard Bissell meets with Colonel Sheffield Edwards, director of the CIA's Office of Security, and discusses with him ways to eliminate or assassinate Fidel Castro. Edwards proposes that the job be done by assassins hand-picked by the American underworld, specifically syndicate interests who have been driven out of their Havana gambling casinos by the Castro regime. Bissell gives Edwards the go-ahead to proceed. Between August 1960, and April 1961, the CIA with the help of the Mafia pursues a series of plots to poison or shot Castro. The CIA’s own internal report on these efforts states that these plots "were viewed by at least some of the participants as being merely one aspect of the over-all active effort to overthrow the regime that culminated in the Bay of Pigs." (CIA, Inspector General's Report on Efforts to Assassinate Fidel Castro, p. 3, 14)
http://www.gwu.edu/~nsarchiv/bayofpigs/chron.html
[font color="purple"]Details on the actual sit-down:[/font color]
Ever wonder about the sanity of America's leaders? Take a close look at perhaps the most bizarre plot in U.S. intelligence history
By Bryan Smith
Chicago Magazine
November 2007
(page 4 of 6)
EXCERPT...
By September 1960, the project was proceeding apace. Roselli would report directly to Maheu. The first step was a meeting in New York. There, at the Plaza Hotel, Maheu introduced Roselli to O'Connell. The agent wanted to cover up the participation of the CIA, so he pretended to be a man named Jim Olds who represented a group of wealthy industrialists eager to get rid of Castro so they could get back in business.
"We may know some people," Roselli said. Several weeks later, they all met at the Fontainebleau Hotel in Miami. For years, the luxurious facility had served as the unofficial headquarters for Mafioso leaders seeking a base close to their gambling interests in Cuba. Now, it would be the staging area for the assassination plots.
At a meeting in one of the suites, Roselli introduced Maheu to two men: Sam Gold and a man Roselli referred to as Joe, who could serve as a courier to Cuba. By this time, Roselli was on to O'Connell. "I'm not kidding," Roselli told the agent one day. "I know who you work for. But I'm not going to ask you to confirm it."
Roselli may have figured out that he was dealing with the CIA, but neither Maheu nor O'Connell realized the rank of mobsters with whom they were dealing. That changed when Maheu picked up a copy of the Sunday newspaper supplement Parade, which carried an article laying out the FBI's ten most wanted criminals. Leading the list was Sam Giancana, a.k.a. "Mooney," a.k.a. "Momo," a.k.a. "Sam the Cigar," a Chicago godfather who was one of the most feared dons in the country—and the man who called himself Sam Gold. "Joe" was also on the list. His real name, however, was Santos Trafficante—the outfit's Florida and Cuba chieftain.
Maheu alerted O'Connell. "My God, look what we're involved with," Maheu said. O'Connell told his superiors. Questioned later before the 1975 U.S. Senate Select Committee on Intelligence (later nicknamed the Church Committee after its chairman, Frank Church, the Democratic senator from Idaho), O'Connell was asked whether there had ever been any discussion about asking two men on the FBI's most wanted list to carry out a hit on a foreign leader.
"Not with me there wasn't," O'Connell answered.
"And obviously no one said stop—and you went ahead."
"Yes."
"Did it bother you at all?"
"No," O'Connell answered, "it didn't."
CONTINUED...
http://www.chicagomag.com/Chicago-Magazine/November-2007/How-the-CIA-Enlisted-the-Chicago-Mob-to-Put-a-Hit-on-Castro/index.php?cparticle=4&siarticle=3
[font color="purple"]Yet, the CIA uses the media to repeat the false news that Kennedy was the guy who wanted Castro dead.[/font color]
Spies: Ex-CIA Agent In Raleigh Says Castro Knew About JFK Assassination Ahead Of Time
Former CIA agent and author Brian Latell in Raleigh
By The Raleigh Telegram
RALEIGH – A noted former Central Intelligence Agency officer, author, and scholar who is intimately knowledgeable about Cuba and Fidel Castro, says he believes there is evidence that Castro’s government knew about the assassination of President John F. Kennedy in 1963 ahead of time.
SNIP...
Robert Kennedy, as the Attorney General of the United States, was in charge of the operation, said Latell. Despite the United States’ best efforts, the operation was nonetheless penetrated by Cuban intelligence agents, said Latell.
Latell said there were two serious assassination attempts by the United States against Castro that even used members of the mafia to help, but both of them were obviously unsuccessful.
He also said that there was a plot by the United States to have Castro jabbed with a pen containing a syringe filled with a very effective poison. Latell said that he believes the experienced assassin who worked for Castro who originally agreed to the plan may have been a double agent. After meeting with a personal representative of Robert Kennedy in Paris, the man knew that the plan to assassinate Castro came from the highest levels of the government, including John F. and Robert Kennedy.
The plan was never carried out, as the man later defected to the United States, but with so many double agents working for Castro also pledging allegiance to the CIA, Latell said it was likely that the information got back to Havana that the Kennedy brothers endorsed that plot with the pen.
CONTINUED...
http://raleightelegram.com/201209123311
I wonder why that is? And if I wonder, I would think the United States' self- and otherwise-proclaimed "Paper of Record," were it interested in justice, would find that information and the many ancillary leads worth pursuing.
Thank you for putting the situation into words, jalan48.
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