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China Calls for De-Americanizing
by Stephen Lendman
It's an idea whose time has come. On October 13, China's official press agency Xinhua headlined "Commentary: US fiscal failure warrants a de-Americanized world." More on this below.
Thomas Jefferson once warned:
"If the American people allow the banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and corporations that will grow up around them will deprive people of all property until their children will wake up homeless on the continent their fathers occupied."
New Iranian Nuclear Talks
by Stephen Lendman
On October 15, new P5 + 1 talks began. Five permanent Security Council members plus Germany are meeting in Geneva with Iran.
Previous rounds failed. Will this time be different? Israel wants no letup in sanctions. It wants lots more besides. More on that below.
AIPAC lobbies intensively for whatever Israel wants. It exerts enormous influence in Washington.
An October 14, State Department briefing said the following:
"We are encouraged that President Rouhani has received a mandate from the Iranian people to pursue a more moderate course."
"We are also encouraged that President Rouhani recently reiterated that Iran will never develop a nuclear weapon."
Obama "believes we should test those assertions, which is part of what we'll be doing over the coming days."
"Foreign Minister Zarif has said he is coming with a detailed proposal that elaborates on the thoughtful presentation he made to the P5+1 foreign ministers in New York, and we are ready to hear it, to listen to it, and to go to work, if it is substantive and concrete."
Nestle: Global Water Predator
by Stephen Lendman
Nestle is a global predator. It lies calling itself "the world's leading nutrition, health and wellness company."
"Our mission of 'Good Food, Good Life' is to provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions, from morning to night."
Acquiring competitors secured it numerous water brands. They're listed under the heading "Nestle Waters: The Healthy Hydration Company."
They include Aqua Spring, Deep Spring, Glaciar, Ice Mountain, Perrier, Poland Spring, and Pure Life among others. They're sold in dozens of countries worldwide.
Uncontrollable Boehner and the Bait and Switch Index
Michael Collins
The Money Party's latest training exercise with live ammunition (aimed at us) is over for a while. At the last minute, the geniuses in your nation's capitol got it together long enough to pass a relatively clean budget resolution and raise the debt limit for a few weeks. The bill also included some intrusive income verification requirements for the Affordable Care Act (ACA)/Obamacare from the people who say they hate the government in their business.
The after-deal spin is simply revolting. Talking head after head said that Boehner couldn't control his caucus and decided to let the nihilist wing of the Republican Party (aka tea party) learn a real life lesson in politics. You see, in addition to being a political hack and philanderer, Boehner is also a great teacher. He let the forty or so tea party representatives run wild to show them just what happens when you you behave like idiots. They might as well have said that pigs live in trees, the founding fathers smoked dope, or something equally ridiculous.
Debt Ceiling Hype
by Stephen Lendman
The so-called deadline to raise it isn't one at all. Lots of ways can resolve it. Prioritized spending can keep government operating. It can prevent default.
From October 1, 2013 through September 30, 2014, an estimated $3 trillion in revenue will be collected. The Treasury can mint trillion dollar coins if needed.
The Fed monetizes debt by buying Treasuries. It's purchasing about $1 trillion annually. It can double the amount if it wishes.
Doing so, of course, is madness. What can't go on forever, won't. Massive monetization debases dollar value. Doing so is back door defaulting. Short-term, nothing prevents it from continuing.
Technically the debt ceiling is unconstitutional. The 14th Amendment Section 4 mandates paying public debt obligations. It states:
"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned."
"But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."
Defaulting violates the Constitution's "general welfare" clause. Article I, Section 8 states:
"The Congress shall have power to¦provide for (the) general welfare of the United States."
Having power means using it when most needed. It means doing so for the good of the country and everyone. It requires keeping government operating. It requires funding its obligations.
The so-called debt problem is an accounting one. The Treasury can issue any amount it wishes. The Fed can buy it all if needed.
It can cancel debt it owns. It can simply forgive it. It's a bookkeeping entry. It's money Washington owes itself.
Doing it creates lots of wiggle room. It would end the current standoff. It would prevent default.
It won't happen whether or not the so-called deadline is passed. Bet on it.
Here's where things now stand. An hour from now they may change. According to Defense News.com:
Senate Democrat and Republican leaders "are close to finalizing a debt-ceiling deal
It buys time. It gives Congress and Obama three more months to resolve differences. It averts new defense sequestration cuts.
Senate majority and minority leaders Harry Reid (D. NV) and Mitch McConnell (R. KY) respectively agreed on 2011 Budget Control Act (BCA) funding levels.
Washington Brinksmanship Masks Class War
by Stephen Lendman
So-called budget/debt ceiling squabbles mask Washington's longstanding class war. It's been ongoing for decades.
Post-9/11 it intensified. Neoliberal harshness explains it. Bipartisan complicity force feeds it.
Doing so transfers unprecedented amounts of wealth from ordinary Americans to bankers, other corporate favorites, rich investors, and high net worth households.
People Power Alone Can Save Us!
by Stephen Lendman
Daily events should scare everyone. Peace in our time no longer exists. Today is the most perilous time in world history.
Administration policies bear full responsibility. Washington is an out-of-control monster. It reflects rogue governance writ large. It targets humanity. It does so at home and abroad. It threatens world peace.
Today's upside down reality endangers everyone. Crimes in high places are rewarded. Warmakers win peace prizes. Police are licensed to kill.
Anti-war, human and civil rights champions, whistleblowers, journalists doing their job responsibly, and other activists are ruthlessly targeted.
Ordinary people are increasingly on their own sink or swim. International, constitutional and US statute laws don't matter. Rules are what Washington says they are.
Hegemons operate that way. Ruthless raw power explains. So does war on humanity. It rages out-of-control.
Democratic values don't exist. Peace, equity and justice are four-letter words. Freedom is dying in plain sight.
Ghost Village Beitin
by Stephen Lendman
Beitin's status is testimony to Israeli ruthlessness. It reflects racist hate. It's vicious. It's lawless. It's out-of-control. It demands long denied real change.
Beitin is a Palestinian village. It's in al-Bireh Governorate. It's three miles northeast of Ramallah in the West Bank. It's population once numbered about 2,300.
Israel's Beit El settlement is northwest. In January 2012, Haaretz contributor Amira Hass headlined "In West Bank, buying land isn't always what it seems."
The Milibands, The BBC And The Proletariat
By Gilad Atzmon
Last week, The Daily Mail’s expose of Ralph Militant’s political views provoked strong reactions from the Miliband family, the Labour Party, The Guardian and the BBC.
The Mail article included a few quotes by Ralph Miliband, showing Miliband to be a radical cosmopolitan Marxist. So what else is new? Throughout his entire adult life Ralph had indeed been a radical cosmopolitan devoted to ‘progressive’ international working class politics and naturally opposed to any nationalism and local patriotism. However The Daily Mail was soon to learn, at its cost, that elaborating on the non-patriotic nature intrinsic to cosmopolitanism is practically forbidden in 2013 ‘free’ Britain.
At our expense
Michael Collins
The drama of the government shutdown and threatened default on government obligations is entirely unnecessary. It is also harmful to the people of the United States. Government workers and contractors are idle and without income. Their communities feel the economic impact. The threat of a default is stalling investment and hiring across the country. And, the world watches and judges as Congress engages in its dangerous games.
The overarching threat is an incremental shutdown of all government services beginning on October 17. Either the debt ceiling is raised, something that's been done 78 times since 1960, or the Treasury department begins paying debts from government funds on hand until that money runs out. It's not that we lack the money. This is a tantrum, pure and simple.
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