Father of Western Economics Took ‘Most of his Best Ideas’ from Sharia Law

Transcript with references: 

In the West, Adam Smith is considered to be the ‘father of economics’.  He is ‘revered’ both by Western academics and in Western popular culture and government, particularly within the ‘citadel of the international right wing’, Washington, D.C.

As noted by Canada’s leading intellectual, John Ralston Saul, adherents to Washington’s “neo-conservative/neo-liberal” ideology treat Adam Smith as their version of a god, ‘worshiping’ and enforcing their professed faith in him around the world through militancy and terror.  Most of the writers, leaders, and philosophers murdered globally, Ralston Saul points out, are killed by these Western fundamentalists and the extremist proxy regimes and militant groups they train, install, and prop up.

In addition to assassinating or jailing ‘dissident’ writers and thinkers, Washington runs reeducation camps, both domestic and international, to force its extremist interpretations of Smith upon anyone within its grasp, largely focusing on vulnerable young people.

However, Smith’s work, in reality, is very little read.  What is known are largely snippets and sound-bites, and even these are taken out of context and perverted, often to justify doing the opposite of what Smith actually calls for.  While Western oligarchs hide behind Smith’s works in the same way that others hide behind books like the Bible, Smith, in reality, was highly critical of oligarchs, noting that they would conspire to falsify markets and ensure that their own self-interest was always ‘most peculiarly attended to’, regardless of the cost to others.  Smith was also a harsh critic of free capital flow, pointing out that it would destroy nations, and he was even opposed to division of labor, which he said would be a major violation of human rights and therefore governments would have to intervene to prevent it.
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Democratic Party Is Hardening Over Clinton/Sanders Split

Eric Zuesse

One of the best-ever news reports I’ve seen on the Democratic Party Presidential contest was Tierney McAffee’s “ BernieOrBust: Why 20 Percent of Sanders Supporters Say They Would Vote for Donald Trump over Hillary Clinton” at people.com, the website of People magazine — hardly a place where one would normally expect to find such crackerjack well-researched reporting on politics. 

That article, on May 23rd, summarized several recent polls to estimate the percentage of Sanders supporters who would vote for Trump over Clinton if the election were held today; and the gist of it is actually even more negative for Clinton’s chances than just “20 Percent of Sanders Supporters Say They Would Vote for Donald Trump over Hillary Clinton”; that was only the most favorable finding for Clinton; by contrast, the NBC/WSJ poll released on May 23rd found “just 66 percent of Democratic primary voters preferring Sanders support Clinton in a matchup against Trump (compared with 88 percent of Clinton primary voters who favor Sanders in a hypothetical general-election contest).”

What all of the evidence taken together (and so well-summarized there by McAffee) shows is that both Clinton and Trump are disliked by the American electorate but Sanders is liked by the electorate and is therefore far easier for Clinton’s supporters to vote for on Election Day than Clinton is easy for Sanders’s supporters to vote for on Election Day.

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Gallup: Americans’ Trust of Elections Has Plunged

Eric Zuesse

Among Americans who lean toward the Democratic Party, trust in their nation’s elections plunged from 71% on 10-13 January 2008, down to 31% on 15-18 December 2011, and has since edged slightly down to 28% on 13-15 May 2016.

Among Americans who lean toward the Republican Party, trust in their nation’s elections plunged from 46% on 15-16 January 2016, down to 30% on 16-17 March 2016, and is now 29% on 13-15 May 2016.

This is shown in a Gallup news report on May 23rd, “Sanders’ Backers Most Likely to Say Election Process Faulty”,  and the question that the respondents there were answering was: “Does the way the presidential campaign is being conducted make you feel as though the election process is working as it should, or not?”

Their recent poll showed that the electoral process is now trusted by 39% of Hillary Clinton supporters, 35% of Donald Trump supporters, 23% of Republicans who supported a different Republican than Trump, and 17% of Democrats who support Bernie Sanders.

Consequently, achieving Party-unity will be determined only by the Republican Party’s major donors, if at all (with them uniting to donate to his campaign instead of to Clinton’s); whereas, achieving Party-unity will be achieved only by the Democratic Party’s voters, if at all; and the possibility that a popular well-known and well-respected person who has high name-recognition and high net-favorable rating could possibly beat both Trump and Clinton (each of whom has high net-unfavorable ratings) if a well-financed write-in campaign for that person were to be waged vigorously nationwide, exists now for the first time in history, but only if such a person comes forward to organize and run such a Presidential campaign, and only if not more than one such person does so (because otherwise a split of the write-in votes could assure victory for one or the other of the major-Party nominees).

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May 2016: Will Deutsche Bank Survive This Wave Of Trouble Or Will It Be The Next Lehman Brothers?

By Michael Snyder, the Economic Collapse Blog.

Euro Question - Public DomainIf you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank.  It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet.  Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September.  Since that time, the bad news from Deutsche Bank has not stopped pouring in.  They announced a loss of 6.8 billion euros for 2015, and they have been plagued by scandal after scandal.  In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities.  The following comes from Zero Hedge

A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for “equity trading fraud,” and then Bloomberg reports that The SEC is looking into Deutsche’s post-crisis mortgage positions.

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Intel Officials Urge Fast Report on Clinton’s Emails

MEMORANDUM FOR: The President

FROM: Veteran Intelligence Professionals for Sanity

SUBJECT: Those “Damn Emails” – “Really a Concern”

Introduction

Last Wednesday Robert Gates, CIA Director under President Bush-41 and Defense Secretary under President Bush-43, publicly commented that Secretary Hillary Clinton’s “whole email thing … is really a concern in terms of her judgment,” adding, “I don’t know what originally prompted her to think that was a good idea.”

What originally prompted her does not matter. As your Secretary of State and your subordinate, she willfully violated laws designed to protect classified information from unauthorized disclosure. It may be somewhat difficult for those not as immersed in national security matters as we have been to appreciate the seriousness of the offense, including the harm done in compromising some of the most sensitive U.S. programs and activities. This is why we write.

Pundits and others are playing down the harm. A charitable interpretation is that they have no way to gauge what it means to expose so much to so many. We do know, and our overriding concern is to protect the national security of our country from further harm. It would be a huge help toward this end, if you would order Attorney General Loretta Lynch to instruct the FBI to stop slow-walking the email investigation and release its findings promptly.
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Posted in Politics / World News | 9 Comments

U.S., UK, and EU, Are Now Dictatorships

Eric Zuesse, originally posted at strategic-culture.org

How can it be that in virtually all of the U.S. Presidential-candidate head-to-head Democratic versus Republican polling that was done of both Democratic and Republican candidates during the primaries, the preferred Democratic candidate against any one of the Republican candidates was Bernie Sanders, but he almost certainly won’t be that Party’s nominee (and there’s more on that here); and the preferred Republican candidate against either one of the Democratic candidates was John Kasich, but he certainly won’t be the Republican nominee? Sanders and Kasich also scored the highest in his respective Party for net favorability rating, but almost certainly neither candidate will even be on the ballot for voters on November 8th. What kind of ‘democracy’ is this?

How can it be that in UK, the ‘Labour’ Prime Minister Tony Blair served as George W. Bush’s lap-dog on the invasion of Iraq in 2003 to eliminate “Saddam’s WMD” (which didn’t even exist) — it wasn’t a Conservative Prime Minister who did that extremely conservative (i.e., aggressive, invasion, especially on the basis of lies) thing? What kind of ‘democracy’ is that?

And how can it be that throughout the EU, the public are against GMOs, toxic chemicals such as Roundup or glyphosate, and toxic ‘trade’ treaties such as TTIP, but the political leaders are pushing as hard as they can for all of those things? That’s the way to stay in public office? Not in a democracy.

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Texas Judge Orders DOJ Attorneys to Take Ethics Classes

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Screen Shot 2016-05-21 at 8.12.24 AM

This is simply priceless.

The Hill reports:

A federal judge in Texas on Thursday tore into Justice Department lawyers who argued the immigration case involving the Obama administration, ordering them to take ethics classes.

In a blistering court order, U.S. District Court Just Andrew S. Hanen said he was “disappointed” about having to address the subject of lawyer behavior, calling it “at best, a distraction.”

Hanen said any Department of Justice attorney who wants to argue in a state or federal court in any of the 26 states involved in the immigration case must take an annual three-hour ethics course for the next five years.

“Clearly, there seems to be a lack of knowledge about or adherence to the duties of professional responsibility in the halls of the Justice Department,” Hanen wrote in his 28-page order, which quoted the films “Bridge of Spies” and “Miracle on 34th Street.”

The judge ordered Attorney General Loretta Lynch to provide a “comprehensive plan” within 60 days on how to “prevent this unethical conduct from ever occurring again.”

The reprimand Thursday came after the Obama administration granted 100,000 expanded work permits for undocumented immigrants despite Hanen issuing a ruling in February 2015 to temporarily block Obama’s executive action. Hanen said he was misled by lawyers arguing the case as to when the Obama administration would implement the directive.
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Obama is not first president at permanent war

The New York Times recently claimed, and peace advocates repeated, that President Barack Obama will be the first U.S. president to have been at war for two complete four-year terms. It’s also become common to refer to the current U.S. war on Afghanistan as the longest U.S. war ever. These ideas fit well with the universal activist demand that we return to the time of peace or the age of justice or the wisdom of the Founding Fathers or the era before superdelegates.

This is all based on a fundamental misunderstanding of history, and of its uses and abuses for life. You cannot “take back our country!” because you never had it. There is no age of peace or justice to be returned to. The United States has been at war since before it was a United States, and formed itself as such in part in order to expand its western wars.

One value of history is in fact to recognize how much better or worse or simply different things have been in other times and places. But the purpose of that is not to restore some better time. All past times thus far, each taken as a whole, have been horrendously awful. The purpose is to facilitate the rejection of the silly idea that we’re stuck with whatever we happen to have in the way of a lifestyle at the moment.
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We’re in the Eye of a Global Financial Hurricane

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane.

The Keynesian god of growth has failed.

The Keynesian god of borrowing from the future to fund today’s consumption has failed.

The Keynesian god of monetary stimulus / financialization has failed.

Every major central bank and state worships these Keynesian idols:

1. Growth. (Never mind the cost or what kind of growth–all growth is good, even the financial equivalent of aggressive cancer).

2. Borrowing from the future to fund today’s keg party, worthless college diploma, particle board bookcase, stock buy-back, etc. (oops, I mean “investment”)–a.k.a.deficit spending which is a polite way of saying this unsavory truth: stealing from our children and grandchildren to fund our lifestyles today.

3. Monetary stimulus / financialization. If private investment sags (because there are few attractive investments at today’s nosebleed valuations and few attractive investments in a global economy burdened with massive over-production and over-capacity), drop interest rates to zero (or below zero) to “stimulate” new borrowing… for whatever: global carry trades, bat guano derivatives, etc.

Here is my definition of Financialization:

Financialization is the mass commodification of debt and debt-based financial instruments collaterized by previously low-risk assets, a pyramiding of risk and speculative gains that is only possible in a massive expansion of low-cost credit and leverage.
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Hey Kids! Try Collateral Damage at Home

One day a couple of weeks ago I was reading Saint Augustine while driving to the local convenience store, and I accidentally drove right through the front glass wall of the store, smashing up some shelves of junk food. After I’d made my purchases, a police officer stopped me and asked if I’d intended to drive into the store. “Oh, not at all,” I replied. “I intended to get here as quickly as possible while also educating myself as quickly as possible. I knew I might crash, of course, but that wasn’t part of my intention.”

“Well,” the cop replied. “Where should we send the check for your car repair?”

“I’ll let you know,” I replied, a bit annoyed by the hassle.

My brother in law repaired my car for not much more than $100,000, and all it still needed was to be repainted. So, I took a giant paint sprayer with me. I parked the car in front of my neighbor’s house, the one with the loud dog. When I’d finished painting the car, there was a rough shape of its profile on the front of my neighbor’s house, surrounded by fresh purple paint. I pinned a note to the door letting him know that my intention had been only to paint the car and not his house.
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