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The Euro is a Big Success - No Kidding
by Greg Palast
The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do.
That progenitor is former University of Chicago economist Robert Mundell. The architect of "supply-side economics" is now a professor at Columbia University, but I knew him through his connection to my Chicago professor, Milton Friedman, back before Mundell's research on currencies and exchange rates had produced the blueprint for European monetary union and a common European currency.
Try Thinking for Yourself
Timothy Gatto
For every right we lose in the United States, for every assault upon the Constitution and for every foreclosure or job lost overseas, the more we hear about “supporting our troops”. I don’t suppose that anyone has figured out how supporting our troops will help us to regain our rights or to get our homes back. The same goes for killing Muslims. How many should we kill in order to make things right at home?
I watch Scott Pelley on CBS every night. No, I don’t watch the show to gain any insight into what’s happening in the World. I watch it to see how the news is slanted towards our foreign policy. Recently I’ve see a few episodes where CBS correspondents have slipped into Syria to report on the fighting there. Scott always starts and finishes with how the Assad regime is killing its own people. To give credit to the correspondents, they just report on the violence these and don’t ascribe blame. That’s Pelley’s job. Watch it a few times and tell me that I’m mistaken. Scott is a whore for the administration. I imagine that is why he got the job.
Advancing the Ball for War on Syria
by Stephen Lendman
What's ongoing bears disturbing similarities to events preceding NATO's 1999 Yugoslavia aggression.
In the 1990s, NATO lawlessly intervened for the first time outside territories of its member countries. No nation or alliance may attack another except in self-defense. Doing so requires Security Council authorization. Washington considers that notion quaint. Rule of law provisions don't matter. Advancing America's imperium alone guides official policy.
From August 30 - September 20, 1995, NATO conducted Operation Deliberate Force. Naked aggression targeted the Serb Republic. Hundreds of aircraft flew thousands of sorties. It preceded what followed.
Geithner and Bernanke Demand New Mega-Bailout of Europe
larouchepac.com
Capitol Hill sources have confirmed that Treasury Secretary Timothy Geithner and Federal Reserve Board Chairman Ben Bernanke are demanding that Congress prepare emergency legislation for yet another hyperinflationary bailout of the hopelessly bankrupt trans-Atlantic financial system. For the past week, the two men have been meeting secretly with leading Congressional Democrats and Republicans, demanding that they draft new legislation to bailout the banks on an even larger scale than after the 2008 collapse.
According to several Congressional sources, Geithner and Bernanke have pledged that they will do everything in their power to flood European banks with bailout funds through the Federal Reserve, but they candidly admit that it may be impossible, and that Congressional action may be required. If the crisis hits, they warn, there must be legislation already prepared, because the speed and magnitude of the crisis may require extraordinary intervention to "save the system."
Syria Blamed for Turkish Provocation
by Stephen Lendman
On June 22, two Turkish warplanes provocatively entered Syrian airspace low and fast. Doing so showed hostile intent.
The Obama administration's dirty hands are all over this incident. Washington and Ankara wanted a reaction and got it. Expect what's ahead to unfold as planned.
Turkish officials claim Syria downed its aircraft in international waters. They lied.
A previous article said the Istanbul-based Hurriyet daily reported that "wreckage of a Turkish jet shot down by Syria (was found) in Syrian waters....Turkish news channels reported (it) on Sunday, without citing a source."
Unanswered Question Remains about Sandusky Case
By Michael Collins
Jerry Sandusky has molested his last troubled boy. He is going to jail for life. But a larger question remains after Sandusky's conviction. (Image: marsme1551)
How did Jerry Sandusky get away with his conspicuous deviant behavior all of these years when so many people in authority knew about it?
A Pennsylvania jury found the former high-profile assistant football coach at Pennsylvania State University (PSU) guilty of forty-five charges of sexual abuse on June 20, 2012. The jury deliberated only twenty hours to reach the verdict. This answered the most fundamental question about Sandusky's behavior: Was he a child molester? Yes, beyond a reasonable doubt responded the jurors with their guilty verdict.
What did they know and when did they know it?
Obama's War on Democracy
by Stephen Lendman
In June 2009, Obama orchestrated Honduran President Manuel Zelaya's ouster. A US supported fascist despot replaced him.
For good reason, Honduras is called the murder capital of the world. Independent journalists are killed. So are protesters for democratic change.
After its calamitous January 2010 earthquake, Obama militarized Haiti, plundered it freely, opposed Jean-Bertrand Aristide's return, orchestrated the nation's rigged elections, and prohibited the emergence of democracy.
The menacing plots of MKO for Iran
Kourosh Ziabari
The ill-omened, inauspicious plots of the terrorist gang Mujahedin-e Khalq Organization against Iran seem to have no end. The recent letter signed by 44 U.S. Senators addressed to President Obama in which it was implied that time for diplomacy with Iran is over and other options to deal with Iran's nuclear program should be considered is said to be a magnum opus of MKO.
The website of Habilian, a non-governmental organization which represents the families of 17,000 terror victims of Iran, has recently published a news story, suggesting that the affiliates of MKO are behind the letter which near to half of the U.S. Senators signed and requested President Obama to end diplomatic efforts and dialogue with Iran and consider other options in dealing with the country's nuclear standoff.
Heading for Economic Collapse
by Stephen Lendman
The late Bob Chapman predicted it years ago. So does Paul Craig Roberts. It could "destroy Western civilization," he believes.
Untenable political and financial decisions put US and European economies on a collision course with disaster. Bailouts and market manipulation delay the inevitable.
A tipping point approaches. Only its timeframe is unknown.
Money power runs world economies. Wall Street and giant European banks run Western societies.
"Financial deregulation converted the financial system (into) a gambling casino....," says Roberts. Zero interest rates destroy household savings. Media scoundrels suppress ugly truths.
Western governments letting banking crooks scam the system for profits "is a system that is headed for catastrophic failure."
Bad news keeps getting worse. Public acknowledgement arrives late. Moody's June 21 downgrade of 15 major banks conceded what's been known for years.
Turkish Plane Reported Shot Down in Syrian Airspace
by Stephen Lendman
On June 22, Reuters headlined "Turkish jet downed by Syria air defenses: report," saying:
According to Lebanon's Al-Manar television, "Syrian air defenses shot down a Turkish military aircraft, quoting Syrian security sources."
Reportedly it was an F-4 Phantom fighter bomber. First introduced in 1960, McDonnell Aircraft produced it. It was used extensively during the Vietnam war. More advanced aircraft replaced it long ago.
A pilot and navigator were on board.
Turkey regularly patrols airspace close to Syria's border.
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