Proximity Is Destiny
by Charles Hugh Smith
Posted July 19, 2017
My friend G.F.B. recently coined an insightful maxim: Proximity Is Destiny. The power of this concept lies in its unification of physical proximity and abstract proximity. We all understand physical proximity can be consequential. As the Titanic settled lower in the ice-cold Atlantic, those close enough to the lifeboats to secure a seat (mostly the first and second class passengers) lived and those who were not died.
College graduates seek internships at the most successful companies because they know the connections they make by working within the headquarters might lead to a job offer: physical proximity to movers and shakers (and those with the power to hire) is destiny. But proximity to abstract manifestations of power is even more consequential in an economy/society in which wealth and power are predominantly abstract. More…
by Jeff Thomas
Posted July 18, 2017
I project that, when the dollar collapses, paper currency itself (not those who created it) will be blamed. Government leaders will wag their collective finger at those who have subverted the good that QE had been intended to do. Without putting too fine a point on it, the public will get the message that the only problem with QE was that the greedy One Percent sought to profit greatly from it, so the stimulus never sufficiently reached the man on the street.
But all will not be lost. Governments will vow to stand together to overcome the damage done by the powerful usurpers by creating a new form of currency that is fully controlled by the governments. The new form of currency will be electronic and will promise to end all monetary woes, as the governments will be able to track all monetary transactions of every kind. It may take the form of several new national currencies, but I believe it’s more likely that it’ll be a single IMF-centred currency that will be adopted by many countries. More…
Cheney, Rothschild, and Fox News’ Murdoch to drill for oil in Syria, violating international law
By Justin Gardner
Posted July 18, 2017
While Syria is torn apart by the warring of U.S. imperialists and Islamic fundamentalists – leaving its children to die of starvation – another country plans to take advantage of the chaos by stealing resources from Syria’s southern region. Genie Energy is an American-based oil and gas company with major investors and advisors comprising a who’s who list of war profiteers – Dick Cheney, Rupert Murdoch, Lord Jacob Rothschild, and James Woolsey. The president of their Israeli subsidiary is Efraim “Effi” Eitam, an Israeli military commander who called for expelling the “cancer” of Arabs from Israel.
Together, these warmongers and would-be ethnic cleansers will soon be drilling into a vast oil and gas reserve located in the Syrian territory occupied by Israel since 1967, known as Golan Heights. The move would be in clear violation of international law, specifically the Annex to the Fourth Geneva Convention. More…
The US State of War—July 2017
by Nicolas J. S. Davies
Posted July 17, 2107
Every country destroyed or destabilized by U.S. military action is now a breeding ground for terrorism.
The U.S. bombing campaign in Iraq and Syria is now the heaviest since the bombing of Vietnam, Cambodia and Laos in the 1960s-70s, with 84,000 bombs and missiles dropped between 2014 and the end of May 2017. That is nearly triple the 29,200 bombs and missiles dropped on Iraq in the “Shock and Awe” campaign of 2003.
The Obama administration escalated the bombing campaign last October, as the U.S.-Iraqi assault on Mosul began, dropping 12,290 bombs and missiles between October and the end of January when President Obama left office. The Trump administration has further escalated the campaign, dropping another 14,965 bombs and missiles since February 1st. May saw the heaviest bombing yet, with 4,374 bombs and missiles dropped. More…
Banking On Our Country
by Frank Sanitate
Posted July 17, 2017
Public Bank advocates are ready to help Santa Barbara County take a deeper look at the Public Banking Solution. Officials are eager to find a realistic way to deal with their budget short-fall. Others are curious about what kind of non-taxed-based revenue a public bank could generate that might be used to pay for crucial public services, and things like affordable housing so that their teachers, law enforcement officers, fire fighters and other key employees can live closer to where they work.
Currently our County Board of Supervisors is trying to resolve an anticipated $30 million budget shortfall. They – and virtually all other city, county, state and national governments — continue to try to resolve the problem in the same old boring ways. They cut services and jobs, or increase taxes. But there is a better way to solve the problem, one that’s been around for almost 100 years, but virtually unknown – increase revenues through creating a “public bank”. More…
Snitches Get Stitches
By John Kiriakou
Posted July 16, 2017
There is, of course, a huge incentive for turning rat. Prosecutors can cut years off an informant’s sentence. Some informants don’t go to prison at all. Others are sent to lower-security prisons for their sentences, or even to minimum-security work camps. Prosecutors, in turn, win 98.2 percent of their cases, according to ProPublica, almost all of which are a result of plea bargains. With rats lined up to testify, the defendant doesn’t have a chance. The dirty little secret of the American court system is that very few defendants ever get to face their accusers in a court of law or be judged by a jury of their peers. It’s a quaint idea, but it never happens.
The issue is that the government shouldn’t have to rely on rats to make cases. The government should rely on evidence. Every defendant should have his or her day in court. Every defendant should have a realistic chance of a jury trial, not just a theoretical one. I guarantee you that the vast majority of rats would say literally anything about another prisoner to get their own sentence reduced. That’s their only goal, after all. Where’s the justice in that? More…
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