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The Trillion Dollar Coin: Joke or Game-changer?

January 20th, 2013

by Ellen Brown

The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.

Last week on “The Daily Show,” Jon Stewart characterized the proposal that the White House circumvent the debt ceiling by minting a trillion dollar coin as an attempt to “just make shit up.”

Economist and NY Times columnist Paul Krugman responded with a critical blog post accusing Stuart of a “lack of professionalism” for not taking the trillion dollar coin seriously. However, Krugman himself had called the idea “silly.” He thought it was just less silly — and less dangerous — than playing with the debt ceiling, which was itself an unconstitutional shackle on the Treasury’s ability to pay debts already incurred by Congress.

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Targeting Mali

January 20th, 2013

by Stephen Lendman

At issue is scrambling for Africa's resources. They're vast. They're some of the world's largest and richest.

They include oil, gas, gold, silver, diamonds, uranium, iron, copper, tin, lead, nickel, coal, cobalt, bauxite, wood, coltan, manganese, chromium, vanadium-bearing titanium, agricultural lands, and offshore fishing.

AFRICOM was established to pursue them. Resource/mineral wars define America's agenda.

Mali is strategically located. It's West Africa's largest country. It's more than double the size of France. It borders on seven nations. They include Algeria, Niger, Mauritania, Burkina Faso, Senegal, Guinea, and Cote D'Ivoire (Ivory Coast).

Its northwestern area is largely arid desert or semi-desert. The Sahel runs through its central region. Rainfall and rivers make southwestern territory marginally more lush than the rest of the country.

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Navi Pillay Targets Syria

January 20th, 2013

by Stephen Lendman

She's UN High Commissioner for Human Rights. Her job involves spurning them. She's a reliable imperial tool. She's up to her old tricks.

On January 18, she addressed the Security Council in closed session. More on that below.

The Office of the High Commissioner for Human Rights (OHCHR) lists her credentials. Post-apartheid in 1995, she was appointed a South African High Court judge.

The same year, she was chosen to serve on the International Tribunal for Rwanda (ICRT). From 1999 - 2003, she served as president.

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The Institutionalization of Tyranny

January 20th, 2013

Paul Craig Roberts

Republicans and conservative Americans are still fighting Big Government in its welfare state form. Apparently, they have never heard of the militarized police state form of Big Government, or, if they have, they are comfortable with it and have no objection.

Republicans, including those in the House and Senate, are content for big government to initiate wars without a declaration of war or even Congress’ assent, and to murder with drones citizens of countries with which Washington is not at war. Republicans do not mind that federal “security” agencies spy on American citizens without warrants and record every email, Internet site visited, Facebook posting, cell phone call, and credit card purchase. Republicans in Congress even voted to fund the massive structure in Utah in which this information is stored.

But heaven forbid that big government should do anything for a poor person.

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Open Letter to New York Times Editors

January 19th, 2013

by Stephen Lendman

A personal note: I'm one of your fiercest critics. I'm certainly one of the most outspoken. My critiques are justified. I don't prepare them lightly.

I scrupulously strive for truth and full disclosure. If only Times writers, contributors and editors maintained similar standards.

You fall woefully short. I explained often in detail. I hoist you on your own petard. It gives me no joy doing it.

I'm old enough to remember June 9, 1954. My sophomore college year just ended. McCarthy witch-hunt communist hearings got headlines. Harvard Law Dean Ervin Griswold called him "judge, jury, prosecutor, castigator, and press agent, all in one."

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Chavez Shows Clinical Improvement

January 18th, 2013

by Stephen Lendman

Venezuelans welcome good news. They pray for Chavez's full recovery. News from Havana is encouraging.

On January 14, The Havana Times headlined "Chavez Is Improving," saying:

His respiratory infection is controlled. On national radio and television, Vice President Nicolas Maduro presented a communique, saying:

"Despite his poor health after complex surgery this past December 11, his overall clinical evolution has been favorable over the last several days."

"The president continues to strictly comply with his medical treatment. The respiratory infection is controlled, although the commander-president still requires specific measures for addressing his insufficient breathing."

Full story »

Israeli Apologist Benny Morris

January 18th, 2013

by Stephen Lendman

On January 8, Morris headlined his Haaretz op-ed "The day after Iran's tomorrow," saying:

"If Iran feels Israel or (America) are about to attack it soon, it could use missiles to attack attack Israel's military airfields and perhaps additional strategic installations as well, in a pre-emptive strike."

He knows Iran threatens no one. It hasn't attacked another country in over two centuries. Its neighbors aren't threatened. It prioritizes peace, not war.

Morris way overstepped. He's done it throughout his career. He substitutes lies for truth. More on his duplicitous comments below.

Full story »

Pakistan’s Withering Heights

January 18th, 2013

Mahboob A. Khawaja, PhD.

Nobody would cry nor would the sky fall if the corrupt Zardari regime is ousted by the voices of reason and a much desired non-partisan national government of unity is put in place to re-arrange the affairs of the nation……. There is no honest and accountable politics in Pakistan. The so called politicians and their mindsets and behaviors belong to draconian age full of poisonous backdoor conspiracies for continued power sharing governance. The so called PPP operated democracy does not have roots in Pakistani society; it is a mere foreign illusion to destroy the nation by it sown agents. The political gangsterism has ruined the life of ordinary Pakistanis. These agents of foreign rule have no sense of fear and shame that emboldens them to commit any wicked and cruel crime against the freedom and security of Pakistan. How soon would the Pakistani nation facilitate a NEW BEGINNING under educated and intelligent leadership of the new age?

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Obama: Money Power's Point Man

January 17th, 2013

by Stephen Lendman

Throughout his tenure, Obama's done what supporters thought impossible. He's governed to the right of George Bush. He mocks rule of law principles and other democratic values. He prioritizes wars on humanity. He's waging multiple direct and proxy ones. War on terror subterfuge disguises them.

He plans more. He's sending US special forces to 35 African countries. They already infest most others. CIA elements operate everywhere. They come to destabilize and disrupt, not help.

Full story »

Aaron Swartz, America’s Mohamed Bouazizi: We’re in the midst of a revolution, which side are you on?

January 16th, 2013

by chycho

The United States is ripe for a revolution. People are pissed, and rightfully so. The only question that remains is if the restructuring will be peaceful, like what we saw happen in Iceland, or will it be violent, like what we see happening in Greece and Spain.

As Chris Hedges has implied on multiple occasions, the revolution is well on its way:

I have seen my share of revolts, insurgencies and revolutions, from the guerrilla conflicts in the 1980s in Central America to the civil wars in Algeria, the Sudan and Yemen, to the Palestinian uprising to the revolutions in East Germany, Czechoslovakia and Romania as well as the wars in the former Yugoslavia. George Orwell wrote that all tyrannies rule through fraud and force, but that once the fraud is exposed they must rely exclusively on force. We have now entered the era of naked force. The vast million-person bureaucracy of the internal security and surveillance state will not be used to stop terrorism but to try and stop us.”

Full story »

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