Financial Market Manipulation Is The New Trend: Can It Continue?

Paul Craig Roberts

Financial Imperialists Attack Russia

A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds.

People pay to park their money in Treasury debt obligations, because they do not trust the banks and they know that the government can print the money to pay off the bonds. Today Treasury bond investors pay a fee in order to guarantee that they will receive the nominal face value (minus the fee) of their investment in government debt instruments.

The fee is paid in a premium, which raises the cost of the debt instrument above its face value and is paid again in accepting a negative rate of return, as the interest rate is less than the inflation rate.

Think about this for a minute. Allegedly the US is experiencing economic recovery. Normally with rising economic activity interest rates rise as consumers and investors bid for credit. But not in this “recovery.”


Clashing Face-to-Face on Torture

Ray McGovern


Former Rep. Pete Hoekstra (left) argues with ex-CIA analyst Ray
McGovern about the Senate torture report on CCTV America’s
The Heat” on Dec. 11, 2014.
(Screenshot from program)

It’s rare on TV when you see two former senior U.S. officials clashing angrily over something as significant as torture. Usually decorum prevails. But ex-CIA analyst Ray McGovern wasn’t going to let the ex-House intelligence oversight chief get away with a bland defense of torture.

When you get an opportunity like this, don’t fall back – I heard my Irish grandmother telling me last Thursday as I took my place at the table to discuss torture with a former congressional committee chairman whose job it was to prevent such abuse.

Almost rubbing shoulders with me on my right was former House Intelligence Committee chair (2004-2007) Pete Hoekstra, a Republican from Michigan. Central China TV had asked both of us to address the findings of the Senate Intelligence Committee report on CIA torture. I said yes, of course, since I was highly interested in how Hoekstra, with his front seat for the saga of “Enhanced Interrogation Techniques,” would try to ‘splain it all.

Here was a unique chance to publicly confront a malleable, moral dwarf who had been in a uniquely powerful position to end the torture. The moment was also an odd one, for Hoekstra – not the brightest star in the constellation – seemed oblivious to his gross misfeasance and dereliction of duty. Or how his behavior might look to non-torture aficionados.

Hoekstra took over the House intelligence “oversight” committee in 2004 when former chair, Porter Goss, a Republican from Florida, was picked as the perfect – as in fully-briefed-and-complicit – functionary to become director of the CIA, replacing “slam-dunk” George Tenet. Tenet left in disgrace in July 2004, still seeking those notional Iraqi “weapons of mass destruction” in vain.

Last week, amid the unfolding torture scandal, Hoekstra went on CCTV America’s daily talk show, “The Heat,” to offer a heated defense of what he insisted on still calling “enhanced interrogation techniques.” My opportunity for a blunt exchange with him over exactly what the House Intelligence Committee knew came near the end of the show.


Truth In Berlin

Gilad Atzmon

Once again, ‘scandal in Germany.’ This time the ultra Zionist AJC (American Jewish Committee) is empowered to define the boundaries of an exchange in Germany about Palestine and the hope for peace in the Middle East.

The Jerusalem Post reported yesterday that Germany’s Family Ministry and the Berlin Senate are engulfed in an anti-Israel scandal because they provided some funding for the three-day Canaan conference that included a group that had previously hosted a speaker who called for an “end of Jewry” and claimed that “Zionists are racists.”

If anyone still harbored some remote doubts about racism and the ‘Jews only State’, such doubts evaporated last month when the Israeli cabinet approved Israel’s National Bill, a law that specifically affirms the primacy of Jews in Israel.

And who was it who called for the “end of Jewry?” The AJC and the Jpost blame me. These people must be mad - would I call for the demise of my favourite intellectual pets, i.e., the Jews? Such a tragedy would sentence me to spiritual death.

I will never let it happen. I need the Jews alive and kicking and I need their lobbies to keep celebrating their symptoms as they did this week in Berlin, so I have something juicy to write about every morning when I awake.


Put Blair and Straw on Trial For Torture

Craig Murray, Former British Ambassador To Uzbekistan

Former UK Ambassador Describes What Happens to People with Integrity Who Have the Misfortune to End Up in Government Positions - Paul Craig Roberts

In the summer of 2004, I warned Tony Blair’s Foreign Office that Britain was using intelligence material which had been obtained by the CIA under torture. Two months later I was sacked as the British Ambassador to Uzbekistan on the orders of Downing Street, bringing to an end my 20-year diplomatic career.

When I then went public with the news that Uzbek territory was part of a global CIA torture programme, I was dismissed as a fantasist by Mr Blair’s henchmen. Now finally, a decade later, I have been vindicated by last week’s shocking Senate Intelligence Committee report.

Over 500 pages it details the CIA’s brutal abuse of Al Qaeda suspects, who were flown around the world to be tortured in a network of secret prisons. One of these was in Uzbekistan, where the US had an air base.

The CIA programme included both torture they conducted themselves and torture conducted for them by allies. Shamefully, the torture-by-proxy details remain classified to protect America’s gruesome ‘allies’.

The CIA were flying people to Uzbekistan to be tortured, usually via their secret prison at Szymany in Poland. The Uzbeks were doing the actual torture, sometimes with CIA members in the room.


Ukraine: The great lie of our time

Harry J. Bentham

As the US supports warlords in Ukraine, its absurd theories of democratization collapse into folly.

In all International Relations (IR) classrooms throughout the English-speaking world, something called the democratic peace theory is taught. The theory holds that countries are less likely to go to war if they are democracies, and that installing democratic regimes is therefore the path to peace and security in the world. Paradoxically, the theory is more often applied to justify wars than to end them.

Democratic peace theory is a large part of the underlying rhetoric behind the United States’ commitment to “democratization” in the world’s conflict zones, particularly the Middle East and the former Soviet Union. While the US supplies arms to dictatorships it falsely labels “democracies,” it works to overthrow governments that were actually democratically elected.

Hurling feeble accusations that truly elected rulers are sliding into autocracy, the United States continues on a slippery slope of its own by arming some of the world’s most sordid military dictatorships. It is astonishing that anyone can really be convinced by their reasoning.

In Ukraine, the United States proved its hypocrisy more clearly than in any other relationship it managed to strap together. Its initial cause for involvement in Ukraine was about “democratization.” Accusing democratically-elected President Viktor Yanukovych of sliding into autocracy, the United States favored violent protests to overthrow this regime in the name of US-guided democracy.

Yet, for all its theories about democratization, look what the US did to Ukraine. Now, we have a good part of the country in a state of insurrection against the central government, and a military dictatorship using tanks, and even white phosphorous and cluster bombs against its own people.


A visit to the cereal café

Sam Kriss

There are three things glaringly wrong with the Cereal Killer Café on Brick Lane in East London. Firstly, the menu consistently renders the word ‘raisins’ as ‘raisans’, which is incorrect. Secondly, it’s owned and managed by Gary and Alan Keery, a uniquely ghastly pair of identical twins. These two ghouls sport identical location-standard bushy beards, identical obnoxious slicked-back haircuts, identical smarmy expressions. Twins who do this kind of thing into adulthood are always hiding something hideous and perverse: when faced with such uncanny mirror-perfect duplication I can’t help but posit the necessary existence of a grotesque, hidden, third brother. Something scrabbling in the cellars, a cringing Smerdyakov figure onto whose memory all the suppressed differences between the superterranean Keerys has been displaced. A mad and vicious creature, whose pathological love for breakfast cereal turned him into something more beast than boy. His musty dungeon full of pencil-toppers and Rubik’s cubes, bobblehead dolls from the bottom of promotional packs, all nodding in unison with serene smiling faces as the idiot rubs cornflake dust into the stinking pits of his body. He slurps milk between sugar-stained pegs, he howls the advertising slogans between mouthfuls. His laugh rises from a constricted phlegmy giggle to the full manic convulsions of someone who sees the death of all reason perfectly reflected in the scrying-stone that is his morning bowl of Frosties. They had to kill him, of course, the twins, and they buried his heavy bones – glossy as enamel from all the fortifying calcium in his diet – below the foundations of what would become the UK’s first speciality breakfast cereal café. To seal the pact, they vowed to take on the same form, to be more than brothers, to be the same person, knowing what happened to the third twin, knowing that they might not be strong enough to face the darkness alone, that cruel gibbering malignancy always lurking beneath their quirky love for breakfast cereal. And so the madness of the murdered brother leeched into every brick of the place, until it became his empire.


Open Letter to the World from a Blocked Ukrainian Parliamentarian

Elena Bondarenko

Eric Zuesse: The following letter, written months ago but unfortunately unpublishable in the Ukrainian dictatorship that was imposed in February, was finally posted publicly at the Russian fortruss website on Sunday, December 14th, by Elena Bondarenko, a member of former Ukrainian President Viktor Yanukovych’s Party.

My friends, here is my declaration. I ask that you share it to the extent possible. If you can translate it into other languages, please do!

I, Elena Bondarenko, People’s Deputy from the Party of Regions, finding myself in opposition to the current power in Ukraine, wish to declare that this administration has resorted to direct threats of physical elimination of the opposition in Ukraine; has resorted to suspending the right of freedom of speech, in parliament and out, and is implicated in complicity in crimes not just against politicians, but even against their children. The everyday life of an opposition deputy is this: constant threats, unofficial ban from the airwaves, targeted persecution. Everyone who calls for peace is immediately branded as an enemy of the people, just as in 1930’s Germany, or in McCarthyite US.


Torture: Accountability - YES. Impunity - NO

Hans Christof von Sponeck / The BRussells Tribunal

Please, sign the petition and spread it in your network.

This petition will be delivered to: US Government - International Criminal Court - President of the UN General Assembly - President of the Human Rights Council - European Court of Justice.

Petition initiated by two former UN Assistant Secretaries-General, UN Humanitarian Coordinators for Iraq: Hans von Sponeck and Denis Halliday.

On 9 December 2014, the US Senate released its CIA torture report. The investigation confirmed what globally has been known for many years: the US Central Intelligence Agency and US-outsourced national authorities in Europe, the Middle East and elsewhere have been involved in an extensive range of torture applications.

Compelling evidence has become available, especially since 2001, the beginning of the Afghanistan war, through investigations by the European Parliament and national judicial authorities, as well as two major reports presented by Swiss Senator Dick Marty in 2006 and 2007 to the Council of Europe, on secret CIA detention centres in Europe, the Middle East and elsewhere.

The US Senate report makes it clear that cruel, degrading and inhumane treatment of captives by the CIA and its collaborators have been carried out on a continuous basis.

Such treatment can not be justified in any manner, even if the US Government reservations with which it signed the UN torture convention in 1994 were to be taken into account. CIA personnel and others wilfully participated in following executive orders and directives thereby violating the UN torture convention and the Geneva Convention III. In this way they have committed serious crimes for which they must be held accountable.


On the Brink of War and Economic Collapse

Paul Craig Roberts

On occasion a reader will ask if I can give readers some good news. The answer is: not unless I lie to you like “your” government and the mainstream media do. If you want faked “good news,” you need to retreat into The Matrix. In exchange for less stress and worry, you will be led unknowingly into financial ruin and nuclear armageddon.

If you want to be forewarned, and possibly prepared, for what “your” government is bringing you, and have some small chance of redirecting the course of events, read and support this site. It is your site. I already know these things. I write for you.

The neoconservatives, a small group of warmongers strongly allied with the military/industrial complex and Israel, gave us Granada and the Contras affair in Nicaragua. President Reagan fired them, and they were prosecuted, but subsequently pardoned by Reagan’s successor, George H.W. Bush.

Ensconced in think tanks and protected by Israeli and military/security complex money, the neoconservatives reemerged in the Clinton administration and engineered the breakup of Yugoslavia, the war against Serbia, and the expansion of NATO to Russia’s borders.

Neoconservatives dominated the George W. Bush regime. They controlled the Pentagon, the National Security Council, the Office of the Vice President, and much else. Neoconservatives gave us 9/11 and its coverup, the invasions of Afghanistan and Iraq, the beginning of the destabilizations of Pakistan and Yemen, the U.S. Africa Command, the invasion of South Ossetia by Georgia, the demise of the anti-ABM Treaty, unconstitutional and illegal spying on American citizens without warrants, loss of constitutional protections, torture, and the unaccountability of the executive branch to law, Congress, and the judiciary.

In short, the neoconservatives laid the foundation for dictatorship and for WW III.


Brennan’s defense of CIA torture

Barry Grey

CIA Director John Brennan’s televised press conference Thursday at the agency’s headquarters, an unprecedented event, marked a new threshold in the collapse of American democracy and the erection of a police state.

The very fact that it was left to the head of the spy agency rather than President Obama to issue the government’s rebuttal to this week’s devastating Senate Intelligence Committee report on CIA torture makes clear who is really in control of the American state.

In statements riddled with lies, and with little attempt to conceal his contempt for democratic procedures and the law, Brennan defended the agency’s use of horrific forms of torture during the Bush administration as a legitimate and “patriotic” response to the 9/11 terror attacks. He recycled all of the official myths associated with the “war on terror” to imply that the CIA and the military/intelligence apparatus as a whole had to remain outside of any congressional or legal restraints.

While declaring nominal support for Obama’s decision to end the Bush-era program of “enhanced interrogation techniques,” he fiercely defended the administration’s expanded program of drone assassinations, saying “the US military has done some wonderful things with these platforms.”

He also suggested that “EITs” [Enhanced Interrogation Technique] might have to be revived to deal with future security threats. In reply to a reporter’s question, he said, “I defer to the policy makers in future times when there is going to be the need to be able to ensure that this country stays safe if we face a similar type of crisis.”


The Us Government Is A Gigantic Mass-Murdering Machine

Kourosh Ziabari/Fars News Agency Interview With Prof. John McMurtry

World-renowned Canadian philosopher Prof. John McMurtry argues that the US and its ally, Israel, violate the laws against armed aggression, occupation and crimes against humanity at will, while other world states are either their accomplices or afraid of taking any move against them since they will risk being labeled a rouge or terrorist state otherwise.

Prof. John McMurtry says that the US government is a gigantic mass-murdering machine which earns profit through waging wars, and is never held accountable over its unspeakable war crimes and crimes against humanity. He also believes that the US has become a police state, which treats its citizens in the most derogatory manner.

“I have travelled alone with only backpack possession through the world, and have found no state in which police forces are more habituated to violent bullying, more likely to draw a gun, more discriminatory against the dispossessed, and more arbitrarily vicious in normal behavior,” said McMurtry. “The US now leads the globe in an underlying civil war of the rich against the poor.”

“The US can … detain, kidnap and imprison without trial or indictment any US citizen or other citizens anywhere by designating them enemies to the US,” Prof. John McMurtry noted in an exclusive interview with Fars News Agency.

According to the Canadian intellectual, the United States statesmen have long supported dictatorial and tyrannical regimes and even funded and armed the Nazi regime of Adolf Hitler in the period between 1939 and 1945.


The CIA’s Torture Program

Paul Craig Roberts

Readers have asked for my take on the CIA torture report. There is so much information and commentary available that it is unnecessary.

Igor Volsky provides a concise summary. President George W. Bush signed off on torture and then told the gullible people that “this government does not torture people.” The torture was horrific. The CIA even tortured its own informers.

Two American psychologists who designed the torture program were paid $81 million. CIA torturers received cash awards for “consistently superior work” when their innocent victims died.

The US government involved 54 countries in its torture program. The rendition program sent detainees to other countries where they were tortured in secret “black sites". Former president of Poland admits that Poland hosted a CIA torture prison.

Obama tortures also. Those Americans who committed crimes as horrific as any in history have been given a pass by Obama. No accountability for their crimes.

This finishes off the rule of law in America, which was already on life support.


Donetsk’s faint hopes for new ceasefire in Ukraine

Vera Graziadei in London & Ramil Zamdykhanov in Donetsk

A few months ago Donetsk was a vibrant, thriving and ambitious city. Hosting the European football championship in 2012 coincided with the peak of its hopes for world recognition. Today it stands partially destroyed, sad, hopeless and fearful for its future. The European metropolis of one million people now has around 80% of its previous population – mainly working classes; wealthier people, who could afford it, left the city in order to escape the war. Donetsk has become a centre of the Ukrainian conflict, after the Kiev government announced an ‘anti-terrorist operation’ (ATO) against ‘pro-Russian separatists’ in mid-April 2014.

Social life in public places is now almost non-existent – aside from one or two entertainment establishments, such as the Opera House. Most theatres, cinemas, cafes, bars and clubs are closed and many shops and businesses boarded up their windows.

The curfew, which was announced in summer, is still not cancelled, and even though there are rumours that one night club is functioning – the streets are empty at night. By day, there are no traffic jams in Donetsk anymore and ‘camouflaged armed men walk where shoppers and businessmen once strolled’. But not everywhere is quiet, depending on where you are – an occasional cannonade could be heard or even continuous explosions.


MH-17: Beware of the «Chameleon»

Wayne Madsen

The 10-day NATO exercise code named «BREEZE 2014» has ended in Black Sea. The exercise, which included the use of electronic warfare and electronic intelligence aircraft such as the Boeing EA-18G Growler and the Boeing E3 Sentry Airborne Warning and Control System (AWACS), coincided with the shootdown of Malaysian Airlines Flight 17 in eastern Ukraine, some 40 miles from the Russian border. NATO ships and aircraft had the Donetsk and Luhansk regions under total radar and electronic surveillance.

MH-17 was shot down over a region where Russian-speaking separatist forces have been battling against the alliance of the Ukrainian armed forces and a private mercenary force answerable to a Ukrainian-Jewish billionaire oligarch.

The U.S. Army has revealed that the 10-day exercise involved «commercial traffic monitoring». Because of the sophistication of the electronic warfare and intelligence used during SEA BREEZE, it can be assumed that commercial traffic monitoring included monitoring the track of MH-17.

Past NATO-Ukraine exercises in Crimea were called «SEA BREEZE». This year's annual SEA BREEZE exercise with Ukraine, approved by the rump Ukrainian Parliament, is clouded in mystery with the Pentagon saying it was only «in the planning stage and we can't announce dates yet». However, 200 U.S. Army personnel normally assigned to bases in Germany were in Ukraine during the time of the MH-17 fly-over. They were participating in NATO exercise RAPID TRIDENT II. Ukraine's Ministry of Defense led the exercise.


The CIA: Deep torture

Xymphora

"U.S. Tortured and Killed Innocent People for the Specific Purpose of Producing False Propaganda" - Washingtons Blog

It is instructive that all the analysis from the United States, from both the 'right' and the 'left'. is that torture is employed for the purposes of eliciting otherwise unavailable information that saves American lives from 'terrorism'. The 'right' accepts this uncritically; the 'left' either points out - correctly - that torture produces unreliable information, or alleges that it is not worth the moral decay to the country (not to mention the cost to the American reputation). Both share the assumption that there is information - facts - available from certain individuals that could save American lives.

Of course, this is utter nonsense. The Global War On Terror is the creation of World Jewry specifically intended to increase Islamophobia in order to continue American protection for the supremacist Jewish project of building a Zionist empire across the Middle East. Considering the degree of provocation caused by American violence it is remarkable that there is almost no real terrorism, at least coming from Muslims.


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