While one of America’s largest cities is being ripped in two, most Americans appear to be far more interested in the drama surrounding Brad Pitt and Angelina Jolie’s divorce. As Charlotte braces for a third night of rioting and violence, the mainstream media is full of headlines such as “Welp, the Jolie-Pitt Divorce Got Real Depressing Real Fast” and “Even the Dalai Lama has something to say about Brangelina’s divorce“. Yes, the “Brangelina divorce” is an important cultural moment that illustrates our ongoing moral and social decay, but what is going on in Charlotte is far more important. Trust in our most important institutions is deeply broken, and Americans are increasingly choosing chaos and violence over peaceful discourse. For a very long time I have been warning that these kinds of riots were coming, and the thin veneer of civilization that we all take for granted every day is starting to rapidly disappear.
There had been hope that things would settle down after the first couple of nights of chaos in Charlotte, but as I write this article protesters have already massed downtown despite a midnight curfew imposed by Mayor Jennifer Roberts…
Demonstrators chanted “release the tape” while briefly blocking an intersection near Bank of America headquarters in the heart of the city’s business district. They then continued marching as police officers watched. Members of the National Guard carrying rifles were also deployed in front of office buildings to head off another night of violence in this city on edge.
In addition to providing a stunning performance during the 31st Farm Aid concert in Bristow, VA Neil Young stole the show at the press conference before the event began.
While Farm Aid has always been focused on saving family farmers who are in distress, decades of corporate control and monopolization of the American food supply has forced the organization to also move toward helping restart the tradition of family farming and facilitating the good food movement. Obviously, GMOs have become a major issue as a result. So when it came time for Young to speak at the press conference, the godfather of grunge didn’t hold back.
Speaking fresh on the heels of the Bayer/Monsanto merger, Young spoke about the growing concern over corporate control over the food supply and the fact that this merger is a frightening new development in the corporate war on American agriculture. He also took aim at Barack Obama who has supported, facilitated, and pushed corporate control since the day he took office.
We have just begun. This is a revolution. And we will look back on this one way or the other in ten or fifteen years and see what folks like this are doing. We recently have seen giant corporations that are selling for billions and billions of dollars that are joining together and we heard just a few minutes ago about how somebody was eating bad food and got sick and had to take a lot of drugs and now they are eating good food and are starting to not take so many drugs. And you have to notice that one of the biggest drug companies on the planet and one the largest pesticide providers on the planet, Monsanto and Bayer, have just joined together.
The country’s top white collar crime expert, William Black – who put over 1,000 top S&L executives in jail for fraud, and is a professor of law and economics at the University of Missouri – confirmed recently what the alternative media has been saying for years: the business plan of Wall Street is fraud. That’s their key profit center.
Black also says that a British parliamentary investigation Tories found that allof the retail profits of the largest banks in the UK came from fraud.
“The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.
In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008 caused by subprime mortgage defaults (a.k.a. deleveraging) very nearly collapsed not just the U.S. financial system but the entire global financial system.
Every credit boom is followed by a credit bust, as uncreditworthy borrowers and highly leveraged speculators inevitably default. Homeowners with 3% down payment mortgages default when one wage earner loses their job, companies that are sliding into bankruptcy default on their bonds, and so on. This is the normal healthy credit cycle.
Bad debt is like dead wood piling up in the forest. Eventually it starts choking off new growth, and Nature’s solution is a conflagration–a raging forest fire that turns all the dead wood into ash. The fire of defaults and deleveraging is the only way to open up new areas for future growth.
Unfortunately, central banks have attempted to outlaw the healthy credit cycle.In effect, central banks have piled up dead wood (debt that will never be paid back) to the tops of the trees, and this is one fundamental reason why global growth is stagnant. ⇒ Keep Reading
Parliamentary Report Confirms What the Alternative Media Has Been Saying for Years
The UK Parliament just confirmed what the alternative media has been saying for years.
Specifically, a new report from the bipartisan House of Commons Foreign Affairs Committee – based on interviews with all of the key British decision-makers, review of documents, and on-the-ground investigations in Africa – found that the Libyan war was based on lies, that it destroyed the country, and that it spread terrorism far and wide.
The War Based On Bogus Intelligence … Like the Iraq War
Initially, the report finds that the threat to civilians from Libyan government forces was dramatically overstated:
Former French Foreign Minister Alain Juppé, who introduced Resolution 1973 [imposing a no-fly zone over Libya, and laying the groundwork for overthrowing the government], asserted in his speech to the Security Council that “the situation on the ground is more alarming than ever, marked by the violent re-conquest of cities”. He stressed the urgency of the situation, arguing that “We have very little time left—perhaps only a matter of hours.” Subsequent analysis suggested that the immediate threat to civilians was being publicly overstated and that the reconquest of cities had not resulted in mass civilian casualties.
The proposition that Muammar Gaddafi would have ordered the massacre of civilians in Benghazi [which was the basis for the West’s war to overthrow Gaddafi] was not supported by the available evidence. The Gaddafi regime had retaken towns from the rebels without attacking civilians in early February 2011 …. Gaddafi regime forces targeted male combatants in a civil war and did not indiscriminately attack civilians. More widely, Muammar Gaddafi’s 40-year record of appalling human rights abuses did not include large-scale attacks on Libyan civilians. ⇒ Keep Reading
The American airstrikes on Syrian forces in Deir al-Zour on Saturday have produced a chain reaction throughout the diplomatic world with Russia calling an emergency meeting of the U.N. Security Council regarding the attacks and causing a war of words between Russian and American ambassadors.
After Russia responded to the U.S. bombing by calling for an urgent meeting of the UNSC, the U.S. Ambassador to the U.N. and notorious humanitarian bomber Samantha Power ranted and raved about the “embarrassment” that Russia was bringing on itself by daring to question the U.S. prerogative to bomb any and everywhere it wants.
“Why are we having this meeting tonight? It is a diversion from what is happening on the ground. If you don’t like what is happening on the ground then you distract. It is a magician’s trick… we encourage the Russian Federation to have emergency meetings with the Assad regime and deliver them to this deal,” Power said.
“What Russia is alleging tonight is that somehow the United States is undermining the fighting against ISIL. The Russian spokesperson even said that the United States might be complicit in this attack… This is not a game,” she exclaimed.
“The Syrian regime that bills itself as the fighter against ISIL let the group grow and grow. ISIL took root and prospered right next to the Assad regime,” Power said. “”The best way to fight ISIL and al-Nusra Front is to stop bombing civilians and deliver the Assad regime. Assad’s tactics have been a gift to terrorists. There is a better way forward, but Russia really needs to stop the cheap point scoring and grandstanding and focus on what matters. The implementation of something that we have negotiated in good faith with them.” ⇒ Keep Reading
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