Written by Chris Floyd
Friday, 22 October 2010 22:55
Many, many years ago, I noted in the Moscow Times that shortly after the 2003 invasion, the United States had begun hiring some of Saddam's old torturers as the invaders sought to quell the then-nascent "insurgency" -- i.e., the opposition to foreign occupation that when carried out by white men, such as the French during World War II, goes by the more ringing name of "resistance." Here's part of that report, from August 29, 2003:
Here's a headline you don't see every day: "War Criminals Hire War Criminals to Hunt Down War Criminals."
Perhaps that's not the precise wording used by the Washington Post this week, but it is the absolute essence of its story about the Bush Regime's new campaign to put Saddam's murderous security forces on America's payroll.
Yes, the sahibs in Bush's Iraqi Raj are now doling out American tax dollars to hire the murderers of the infamous Mukhabarat and other agents of the Baathist Gestapo – perhaps hundreds of them. The logic, if that's the word, seems to be that these bloodstained "insiders" will lead their new imperial masters to other bloodstained "insiders" responsible for bombing the UN headquarters in Baghdad – and killing another dozen American soldiers while Little George was playing with his putts during his month-long Texas siesta.
Naturally, the Iraqi people – even the Bush-appointed leaders of the Potemkin "Governing Council" – aren't exactly overjoyed at seeing Saddam's goons return, flush with American money and firepower. And they're certainly not reassured by the fact that the Bushists have also re-opened Saddam's most notorious prison, the dread Abu Ghraib, and are now, Mukhabarat-like, filling it with Iraqis – men, women and children as young as 11 – seized from their homes or plucked off the street to be held incommunicado, indefinitely, without due process, just like the old days. As The Times reports, weeping relatives who dare approach the gleaming American razor-wire in search of their "disappeared" loved ones are referred to a crude, hand-written sign pinned to a spike: "No visits are allowed, no information will be given and you must leave." Perhaps an Iraqi Akhmatova will do justice to these scenes one day.
One of the first stories out of the gate from the gigantic new release of classified documents on the Iraq War by Wikileaks details the willing connivance and cooperation between the American invaders and their Iraqi collaborators in perpetrating heinous tortures against Iraqis. As we know, the Americans themselves were not exactly averse to atrocious maltreatment of the hundreds of thousands of Iraqis they have rounded up, overwhelmingly without charges or evidence, over the long, long years of this godforsaken enterprise. (As we've often noted here before, at one point early in the Iraq War, the Red Cross estimated that 70-90 percent of the more than 20,000 Iraqis then being held by the Americans as "suspected terrorists" were not guilty of any crime whatsoever. And of course many thousands more have been "churned" through the system since then. Which is doubtless one of the main reasons why there is still an active "insurgency" in Iraq after so many years of continuous "counter-insurgency." And yes, even after the "victorious" surge led by St. David Petraeus, and after the bogus "end of combat operations" declared by the Peace Laureate himself.)
But the Guardian story focuses on another key feature of the entire American Terror War -- indeed, of American foreign policy for a great many bipartisan decades: using proxies to do your dirty work. The Wikileaks documents spell out case after case of torture by the American-installed Iraqi lackeys -- often under the watchful eyes of American forces ... and countenanced, officially and formally, by the invaders. The Guardian reports:
This is the impact of Frago 242. A frago is a "fragmentary order" which summarises a complex requirement. This one, issued in June 2004, about a year after the invasion of Iraq, orders coalition troops not to investigate any breach of the laws of armed conflict, such as the abuse of detainees, unless it directly involves members of the coalition. Where the alleged abuse is committed by Iraqi on Iraqi, "only an initial report will be made … No further investigation will be required unless directed by HQ".
...Hundreds of the leaked war logs reflect the fertile imagination of the torturer faced with the entirely helpless victim – bound, gagged, blindfolded and isolated – who is whipped by men in uniforms using wire cables, metal rods, rubber hoses, wooden stakes, TV antennae, plastic water pipes, engine fan belts or chains. At the torturer's whim, the logs reveal, the victim can be hung by his wrists or by his ankles; knotted up in stress positions; sexually molested or raped; tormented with hot peppers, cigarettes, acid, pliers or boiling water – and always with little fear of retribution since, far more often than not, if the Iraqi official is assaulting an Iraqi civilian, no further investigation will be required.
Most of the victims are young men, but there are also logs which record serious and sexual assaults on women; on young people, including a boy of 16 who was hung from the ceiling and beaten; the old and vulnerable, including a disabled man whose damaged leg was deliberately attacked. The logs identify perpetrators from every corner of the Iraqi security apparatus – soldiers, police officers, prison guards, border enforcement patrols.
As the Guardian notes, the Americans were fully aware of what their charges were doing:
....There is no question of the coalition forces not knowing that their Iraqi comrades are doing this: the leaked war logs are the internal records of those forces. There is no question of the allegations all being false. Some clearly are, but most are supported by medical evidence and some involve incidents that were witnessed directly by coalition forces.
It should also be ntoed that many of the Iraqi "interrogation techniques" noted above have also featured systematically in the American gulag during the Bush-Obama years. In fact, we know that there is a trove of photographic evidence of rapes and tortures that have been seen by top American elected officials, including members of Congress, who talked openly of how sickening these documented atrocities were. Yet this evidence is still being withheld from the American people -- at the express order of Barack Obama, and the connivance of his fellow militarists in Congress.
Speaking of the Peace Laureate, the Wikileaks document show that these countenanced and/or winked-at atrocities by the American-installed structure in Iraq are still going on today. They are not just relics of the bad old Bush years:
And it does continue. With no effective constraint, the logs show, the use of violence has remained embedded in the everyday practice of Iraqi security, with recurrent incidents up to last December. Most often, the abuse is a standard operating procedure in search of a confession, whether true or false. One of the leaked logs has a detainee being beaten with chains, cables and fists and then confessing to involvement in killing six people because "the torture was too much for him to handle".
These are the direct fruits of the staggering act of evil that was -- and is -- the illegal, immoral invasion and occupation of Iraq. No, let's go further than that. These acts are just the latest fruits in an astonishingly brutal and coldly deliberate 20-year effort to destroy the Iraqi people: an effort carried out through four presidential administrations -- two Republicans, two Democrats -- with the complicity of successive British governments. It is a crusade that has involved two massively destructive major military campaigns and more than a decade of draconian sanctions, all of which have led to the needless deaths of more than one and a half million innocent people.
The Bush-Clinton sanction regime -- which also included a continual military component of bombing attacks -- is part and parcel of what has happened in Iraq during the past hellish decade ... and what is still happening there. As Joy Gordon notes in her landmark study of this cold-blooded berserkery, Invisible War, the sanctions regime:
caused hundreds of thousands of deaths; decimated the health of several million children; destroyed a whole economy; reduced a sophisticated country, in which much of the population lived as the middle class in a First World country, to the status of Fourth World countries -- the poorest of the poor, such as Rwanda, Somalia, Haiti; and in a society notable for its scientists, engineers and doctors, established an economy dominated by beggars, criminals and black marketeers.
Gordon's detailed, richly sourced and morally horrifying account of the sanctions era must be read to be believed. However bad you thought it was, the reality was much worse. I hope to be writing much more on this seminal work in the weeks to come. I strongly urge you to read it. But suffice to say for now that the manner in which Bush and Clinton officials used that dead hand of bureaucracy and cool, convoluted legalistic jargon to hide a crazed policy of murderous intent reminded me of nothing so much as the dealings of Nazi officials with the Jewish ghettos of Warsaw and Lodz before their final destruction.
We''ll have much more here on the Wikileaks release as people begin combing through the 400,000 documents. Wikileaks has done us all a great service by putting this vast war atrocity -- which is still going on -- back on the front pages, forcing the murderers and their accomplices and "continuers" in the halls of power to scurry around like rats caught in the light, twisting and squealing, trying to find some way to obscure the gobs of blood dripping from their hands and lips.
Written by Chris Floyd
Monday, 18 October 2010 17:03
If ever I am tempted by the siren songs of my tribal past as a deep-fried, yellow-dawg Democrat, and begin to feel any faint, atavistic stirrings of sympathy for the old gang, I simply think of things like the scenario below, sketched last week by Johann Hari, and those wispy ghosts of partisanship past go howling back to the depths:
Imagine if, an hour from now, a robot-plane swooped over your house and blasted it to pieces. The plane has no pilot. It is controlled with a joystick from 7,000 miles away, sent by the Pakistani military to kill you. It blows up all the houses in your street, and so barbecues your family and your neighbours until there is nothing left to bury but a few charred slops. Why? They refuse to comment. They don't even admit the robot-planes belong to them. But they tell the Pakistani newspapers back home it is because one of you was planning to attack Pakistan. How do they know? Somebody told them. Who? You don't know, and there are no appeals against the robot.
Now imagine it doesn't end there: these attacks are happening every week somewhere in your country. They blow up funerals and family dinners and children. The number of robot-planes in the sky is increasing every week. You discover they are named "Predators", or "Reapers" – after the Grim Reaper. No matter how much you plead, no matter how much you make it clear you are a peaceful civilian getting on with your life, it won't stop. What do you do? If there was a group arguing that Pakistan was an evil nation that deserved to be violently attacked, would you now start to listen?
...[This] is in fact an accurate description of life in much of Pakistan today, with the sides flipped. The Predators and Reapers are being sent by Barack Obama's CIA, with the support of other Western governments, and they killed more than 700 civilians in 2009 alone – 14 times the number killed in the 7/7 attacks in London. The floods were seen as an opportunity to increase the attacks, and last month saw the largest number of robot-plane bombings ever: 22. Over the next decade, spending on drones is set to increase by 700 per cent.
Friends, it's very simple: if you support Barack Obama and the Democrats -- even if reluctantly, even if you're just being all sophisticatedly super-savvy and blogospherically strategic about it, playing the "long game" or eleven-dimensional chess or what have you -- you are supporting the outright murder of innocent people who have never done anything against you or yours. You have walked into a house, battered down the bedroom door, put the barrel of a gun against the temple of a sleeping child, and pulled the trigger. That is what you are supporting, that is what you are complicit in, that is what you yourself are doing.
But hey, let's be all super-savvy and eleventh-dimensional ourselves here for a moment. Let's be pragmatic, and technocratic, let's be grown-ups, let's not get sidetracked by a bunch of jejune, dorm-room, hippy-dippy moralizing. No, let's concentrate on practicalities, let's get down to brass tacks, let's be serious and focus on "what works" to protect our national security. OK, so here's the practical result of the illegal campaign of mass murder that Obama is waging on the sovereign territory of one of America's allies:
... Drone technology was developed by the Israelis, who routinely use it to bomb the Gaza Strip. I've been in Gaza during some of these attacks. The people there were terrified – and radicalised. A young woman I know who had been averse to political violence and an advocate of peaceful protest saw a drone blow up a car full of people – and she started supporting Islamic Jihad and crying for the worst possible revenge against Israel. Robot-drones have successfully bombed much of Gaza, from secular Fatah to Islamist Hamas, to the brink of jihad.
Is the same thing happening in Pakistan? David Kilcullen is a counter-insurgency expert who worked for General Petraeus in Iraq and now advises the State Department. He has shown that two per cent of the people killed by the robot-planes in Pakistan are jihadis. The remaining 98 per cent are as innocent as the victims of 9/11. He says: "It's not moral." And it gets worse: "Every one of these dead non-combatants represents an alienated family, and more recruits for a militant movement that has grown exponentially as drone strikes have increased. ... It could be poised to get even worse: Bob Woodward's Obama's Wars says the US has an immediate plan to bomb 150 targets in Pakistan if there is a jihadi attack inside America.
Why, it's almost as if the drone campaign was designed to create more and more enemies -- and more and more contracts for war profiteers to build more and more drones, which can then be used to create more and more enemies, which means more and more contracts for .... say, it is a practical plan, after all! A practical plan to create terrorism, not quell it.
And what is the "evidence" used by the Administration militarists as they draw up their target lists for the defenseless villages in Pakistan? What is the "intelligence" produced by the $75 billion lavished on our 200,000 security apparatchiks every year? On what basis is Barack Obama killing people in Pakistan? Hari reports:
..[The] press releases uncritically repeated by the press after a bombing always brag about "senior al-Qa'ida commanders" killed – but some people within the CIA admit how arbitrary their choice of targets is. One of their senior figures told The New Yorker: "Sometimes you're dealing with tribal chiefs. Often they say an enemy of theirs is al-Qa'ida because they want to get rid of somebody, or they made crap up because they wanted to prove they were valuable so they could make money."
That's right: Barack Obama is killing hundreds of innocent civilians in Pakistan on the basis of crap made up for money. Made-up crap. For money. That's why a child who is just as precious as your child is to a parent who is just as real a person as you are was killed this week, by Barack Obama and the Democratic Party and the entire bipartisan foreign policy establishment of the United States of America: crap made up for money.
And of course, it's not just tribal chiefs making up crap for blood money: the entire aforementioned bipartisan foreign policy establishment is now and has for years been making up crap "so they could make money" -- for themselves, for their corporate patrons, for their government agencies, for their defense and "security" stockholdings, for the perpetuation of their bloated, belligerent, pig-ignorant domination of world affairs and American society -- by killing innocent people all over the world.
"But oh my gosh, oh my lord, we have to support Obama! What if those Tea Party Republicans get into power? What would happen then?" What would happen? The same goddamned thing that's happening right now, that's what. More and more war, more and more murder, more and more domination by a militarist kleptocracy. As Glenn Greenwald notes this week, Obama and the Tea Partiers (and the neocons, and the liberal hawks, and the Bush Regime war criminals) are in lockstep (even goosestep) on keeping the War Machine stoked and rolling.
That's why the opposition to the Tea Party Republicans has been so anemic, focused almost entirely on personality flaws or asinine comments or resume padding or stupid things they did in college. The Democrats can't possibly attack them on substance -- i.e., the fact that the Tea Partiers are rabid warmongers who delight in murder, torture and repression and believe that the poor, the sick, the old, the weak, the unlucky, and the vulnerable should just eat shit and die already -- because these are the same positions the Democrats hold! Who "reformed" health care into a gargantuan, guaranteed boondoggle for rapacious conglomerates? Who bailed out the bankers and left millions in the hands of savage "robo-signers?" Who set up the "Catfood Commission" and stocked it from top to bottom with long-time, deep-dyed haters of the poor and the weak? It wasn't Dick Cheney, bub.
I don't want to see the Tea Partiers in power. But I'm not going to support one faction of murderers and plunderers just to keep out another faction of murderers and plunderers. Hari makes this good analogy about the drone program:
Yet many people defend the drones by saying: "We have to do something." If your friend suffered terrible third-degree burns, would you urge her to set fire to her hair because "you have to do something"? Would you give a poisoning victim another, worse poison, on the grounds that any action is better than none?
Similarly, I say: would you support one murderer -- who likes to break into children's bedrooms and blow their brains out -- in order to stop another murderer, who would do the same thing, from taking over a vicious gang of murderers? What would be the basis, the reason for your support? That the first murderer wears nicer suits? Digs cooler music? Throws better street parties? Leaves a pretty little flower next to the blown-out brains?
For a system sunk so deeply in evil, there is no "lesser" evil to choose. The militarist kleptocracy itself is evil, and every political faction that does not denounce it and seek to dismantle it is complicit in this evil. The choice is to stand outside such factions; the choice is non-cooperation with evil, as advocated by Thoreau, Tolstoy, Gandhi, King. I'm not going to spend my brief time here on earth standing with blood-soaked killers, no matter what factional name they give themselves, or what loyalties they might claim on our myth-clouded memories of the past. I'm not going to teach my children that all we can do is to grovel before one child-murdering maniac or another, to keep quiet, to never speak the truth, to sell their votes, their dignity and their souls to murderers who would pervert every good instinct -- and every bad instinct -- every worthy hope and every nasty fear, to keep themselves in power.
Dead children. Made-up crap. For money. That's what our leading "dissidents" want us to support. There is much that could be said about the utterly puerile arguments being offered for this murder-abetting stance; but in the interests of brevity, and civility -- and my own sanity -- I will forbear, and simply say: no thanks.
Written by Chris Floyd
Friday, 22 October 2010 17:06
A Torch Unto the Nations
Religious extremists set fire to a girls' school and destroy crops -- but your terrorist-loving lamestream liberal media are too cowed to report it. Lamesters! Juan Cole busts through their cover-up.
Another Glittering Jewel for the D.C. Dream Team
Barack Obama appoints one of the key figures in the collapse of the American economy to be his new National Security Adviser -- an all-too-typical move which prompts this reaction from Robert Scheer:
Behind the wonderfully engaging smile of this president there is the increasingly disturbing suggestion of a cynical power-grabbing politician whose swift rise in power reflects less the earnestness of his message and far more the skills of a traditional political hack. If there was more of the sincere community organizer in the inner makings of this man, he would not have turned to one of the architects of a housing scam in filling a leadership position in his administration. Why assume that Donilon will now run our foreign policy, wrapped as it is in a secrecy that endangers so many, with any greater sense of moral integrity than he employed when he enriched himself by impoverishing so many ordinary Americans not blessed with his political connections?
The more one learns about the political roots of our economic meltdown, the more the Democratic Party stands revealed as an equal partner with the Republicans at the center of corruption. Donilon has worked for most of the party’s top dogs, including Walter Mondale, Jimmy Carter, Bill Clinton and Joe Biden. Surely the Republican ideologues who want to end all government consumer protections and are quite adroit at lining their own pockets are no better, but that is cold comfort. We are drowning in a bipartisan cesspool of corruption, and the sooner we grasp that fact the better.
Barack Obama as a cynical empty suit who sought power simply for power's sake, the commonwealth and the common good be damned? Who would have thought it?
Why Can't You See How Much I Love You As I Bash Your Stupid Head In?
Placeman Obama and President Petraeus practice tough love on their Afghan wards, who stubbornly refuse to get with the program. Jason Ditz reports:
September saw a massive increase in the number of US air strikes in Afghanistan, with at least 700 distinct strikes across the nation, up from 257 the year prior. The strikes saw a number of incidents of civilian deaths in the aerial campaign.
But the tactic may be even further on the rise in the future, as reports suggest that the Obama Administration has ordered the deployment of the USS Lincoln, another aircraft carrier, into the region, adding scores of additional warplanes to the theater of operations.
Well, who knows? Maybe the Afghans will get Stockholm Syndrome one of these days, and we'll have those hearts and minds yet. Ya never can tell, can ya, Dave? Keep pounding, boys!
Written by Chris Floyd
Thursday, 14 October 2010 22:30
While circumstances prevent the completion of some longer pieces for the moment, here's a quick scan of the horizon:
Double Down, Triple Down, All the Way to Hell
Pentagon brass and their sycophants in mufti are now making the media rounds, laying the groundwork for the next great move by the world-historical military genius David Petraeus, the most-lauded general never to, er, actually win a war: moving ground troops into Pakistan. The Los Angeles Times has the story here.
First, of course, there will be the usual push to make the Pakistani military kill massive amounts of their own people. This will, as always, inflame the situation, exacerbate extremism and violent reaction, thus nicely setting the stage for American troops to step in -- oh, as a last resort, of course! -- and take control of the "deteriorating situation."
Obviously, given what happened to Stanley McChrystal when he let his aides wag their tongues a bit too much in Paris bistros, Pentagon staffers are not about to be caught "off message" these days. So the dispatch of anonymous briefers in this case can only be seen as a planned reconnaissance in force to "prepare the battlefield." Not the actual fields in Central Asia where Petraeus is now killing civilians (and throwing away American lives) at a rising clip, of course; no, we mean the battlegrounds of the Beltway, where the Pentagon bureaucrats like Winless Davy do their real fighting.
The move is being sold as a way to "show improvement" in the the war before Obama's re-election, but that's all a sham. Obama surely knows what is painfully obvious to any sentient being: an expansion of the ground war into Pakistan will result in a maelstrom of blood and hate that will extend and deepen the Central Asian quagmire for years, decades.
But of course, that is precisely what our war-profiteering, empire-addicted militarists want. As court stenographer Bob Woodward duly recorded, Petraeus himself told Obama: "You have to recognize also that I don't think you win this war. I think you keep fighting ... You have to stay after it. This is the kind of fight we're in for the rest of our lives and probably our kids' lives."
This the mindset that rules Washington now. From all the evidence, Obama fully shares this vision. Those who think otherwise must cling to the spin that Obama's aides propagated through the obliging stovepipe of Woodward: that the president is a limp rag who can easily be rolled by the boys in Hell's Bottom. (It is astounding that Obama's people, who have praised the book, think this is some kind of positive image of their boss.) But even in the highly unlikely case that Obama is some kind of "prisoner" of the Pentagon, with his peace-loving hands are tied by military meanies, it doesn't matter. Prisoner or willing participant, the result is the same: the militarists are in charge, and they will not stop, no matter how much death and ruin they wreak around the world -- and at home.
Across the Borderline
Want to cut down on crime? Then open your borders. That's the word from a new report that shows a deep drop in crime rates in California during an 18-year period that saw more than 3.6 million foreigners pouring into the state. Charles Davis has the stats:
If you listened to the professional demagogues on talk radio and, all too often, in public office, you might think the United States is beset by an immigration-induced crime wave, the country's border regions home to nothing but gun battles and sadness. But statistics, those damned things, suggest otherwise, with California actually experiencing a 55 percent drop in violent crime at the same time more than 3.6 million foreigners migrated to the state.
Serious property crime in California -- auto theft, burglary, arson -- also dropped 29 percent between 1991-2008, according to a new paper from the Berkeley Center for Criminal Justice (via The Crime Report).
Crime also dropped in the state's border and major metropolitan regions, with San Diego's violent crime rate dropping 58 percent at the same time more than a quarter-million foreign-born persons moved to the county. Los Angeles County likewise experienced a 68 percent decline in violent crime and a 42 percent drop in property crime even as it added more than 1.3 million immigrants to its population.
"Non‐citizens are approximately 27 percent of California’s population," the paper reports, "however, data that tracks prison inmates who have immigration holds placed on them indicate that this group constitutes approximately 11 percent of the state prison population."
No doubt this is all a clever plan on the part of them damn Mescans to disguise themselves as law-abiding denizens for two decades to facilitate their long-term plan to take over the country and impose Latino Catholic sharia law on good white folk. Better have a pre-emptive deportation right now!
Dark as a Dungeon
While the media make endless hay with the rescue of the Chilean miners, Juan Cole plays Eeyore at the picnic by asking a few pertinent questions on how they came to be stuck down there in the first place. Astute observers of contemporary history will not be surprised to find that the ultimate culprits could well be that dynamic duo of yesteryear: Richard Nixon and Henry Kissinger.
One Toke Over the Line
Glenn Greenwald has much to say on the sinister Drug War-Terror War symbiosis that has spawned so much death and corruption across the world for decades. This is a theme we've been banging on about for many years here as well. One of my first pieces on the hydra-headed Terror-Drug mutant was written for the Moscow Times back in November 2001 -- a little more than two months after the "Terror War" began. You can see that piece here. You can also see a harrowing illustration of the kind of Drug War-bred corruption that Greenwald describes, in this piece from 2006, which tells a sickening tale of complicity in state murder that went all the way to the top of the "shining city on the hill." A case now completely forgotten, needless to say.
The Hard Truth of Quantitative Easing
It was the work of Arthur Silber that first pointed me to two of the best guides through the economic morass that our betters have made for us: Mike Whitney and Michael Hudson. Writing separately, usually at Counterpunch, they provide a potent one-two punch that demolishes the conventional wisdom and willful ignorance that surrounds the relentless, bipartisan effort to drive the nation and the world into a state of neo-feudalism.
This week, both Whitney and Hudson addressed the scam of "quantitative easing." This stimulus programs are ostensibly designed to pump government money into the national economy during an economic crisis, priming the pump to keep businesses -- and their employees -- afloat in the choppy waters.
But somehow it doesn't work out that way. The low -- practically zero -- interest on the trillions pumped out by government "easing" is snapped up by a few big investors, who then immediately bank it and invest it overseas, where the interest rates are higher. They make huge profits, but the "stimulus" money doesn't stay in the local economy, and the economic problems don't get addressed. By putting no real restrictions on the use and flow of tax money given to banks, quantitative easers only enrich a small number of people immensely, while letting millions of people languish in economic doldrums.
But that's only the half of it. As Hudson points out, these programs are also a form of economic warfare on the rest of the world. Foreign nations are swamped by elite investors funneling American stimulus money into their economies, buying up "foreign resources, real estate, public and privatized instrastructure, bonds and corporate stock ownership." This influx forces up the price of the local currency, wreaking havoc on exchange rates, exports and employment. As Hudson notes:
Such inflows do not provide capital for tangible investment. They are predatory, and cause currency fluctuation that disrupts trade patterns while creating enormous trading profits for large financial institutions and their customers. Yet most discussions of exchange rate treat the balance of payments and exchange rates as if they were determined purely by commodity trade and “purchasing power parity,” not by the financial flows and military spending that actually dominate the balance of payments. The reality is that today’s financial interregnum – anarchic “free” markets prior to countries hurriedly putting up their own monetary defenses – provides the arbitrage opportunity of the century. This is what bank lobbyists have been pressing for. It has little to do with the welfare of workers.
Obama and the Fed are now gearing up to inject another $1 trillion into this profit funnel. And because they will refuse to take any responsibility for ensuring that the new stimulus is directed at addressing the nation's financial crisis, much if not most of that money will simply end up in the hand of a tiny sliver of elite investors, who will use it to enrich themselves, war economic war abroad -- and leave American workers and homeowners (and the long-forgotten poor) to sink further into the mire.
But then again, for the easers, as with the militarists, quagmire is a feature, not a bug.
**Photo © 2010 by Alexey Floyd