Old boys club
Not quite. If not harmful, they are atleast pretty powerful.
In 1952, Eisenhower and Richard Nixon became the first CFR members to be elected President and Vice President of the USA.
Adlai Stevenson, the Democratic candidate beaten by Eisenhower and Nixon, was also a CFR member.
‘The Council was starting to dominate American politics at the highest levels,’ write Burnett and Games.
‘The pattern would be repeated four years later, with Stevenson again losing out to Eisenhower and Nixon.
‘Although Nixon was to narrowly lose the next election in 1960 against John F Kennedy, the charismatic Bostonian was another member of the CFR.
‘Nixon would return in 1968 to defeat fellow CFR member Hubert Humphrey, and win again in 1972 against George McGovern.
‘Although not a CFR member in 1972, McGovern saw the light and joined afterwards.’ (via Southern Times – Why Africa needs secret societies).
Red herrings – the challenge ahead
English language media at least, is dominated by a few news agencies like Reuters, Bloomberg, API, and AFP. These agencies in turn are fed by various think tanks and reserch organizations, which then dominate global debate. In the last few years, top 10 websites control 75% of the web traffic. Hollywood dominates the big screen.
For instance the highly flawed model of Transparency International promotes a narrative of corrupt Africa and Asia. To dominate the debate, censorship is not the only solution. It is not even a preferred solution.
More noise is equally effective.
Capture and exploit
After this kind of media capture, the West drives the narrative. And exploits this narrative. To get over the ‘problem’ of economic stagnation, the West has created artificial ‘crisis’ situations.
- Population Explosion
- Global Warming and climate change
- Civil Wars in Africa
- Islamic Demonization and the spectre of `Islamic terrorism
- Financial meltdowns
These are major diplomatic offensives using media, academia, events and situations, to
- Maintain superior negotiating positions
- Define the agenda – which usually means non-substantive issues.
But for an India to match the trade and tariff barriers, propaganda and diplomatic offensives, calls for more resources.
The manner of funding Indian NGOs by external sources, especially the West, is not benign anymore. More than 33 lakh NGOs operate in India, with foreign funding that is estimated at US$4 billion. This figure is double the official Government figure that is based on declared receipts, which reports say, are under-declared.
In times to come
Is the West aiming to capture these Indian ‘think-tanks’? The promotion of Western Climate Change agenda by Amartya Sen, under the auspices of the Aspen Institute India is indication of times to come.
Mechanics of माया maya?
- Kissinger on India-China War of 1962 (quicktake.wordpress.com)
- Was Nixon a Drug Warrior or a Reformer? (reason.com)
- Government complacent about level of UK corruption, claims campaign group (guardian.co.uk)
- Bad influences: JFK, Ike and Obama (salon.com)
- Libyan rebels “disappointed” by NATO airstrikes (salon.com)
- Will Jobs Numbers Sink Obama in 2012? (thedailybeast.com)
- Kissinger: China poses ‘big challenge’ for U.S. (cnn.com)
The U.S. Treasury and financial regulators are clashing with each other over how to disclose results from the stress tests of 19 U.S. banks, with some officials concerned at potential damage to weaker institutions. (via Bank Regulators Clash Over U.S. Stress-Tests Endgame (Update1) – Bloomberg.com).
What are banking insiders saying?
Banking insiders think that all these banks are practically insolvent. How does Obama and his cohorts deal with? Mega mergers? More cash infusions. Or will the US banking also finally end up with the Big 3?
Public sector or oblivion
During the Great Depression, more than 19 auto companies (similar to the number of banks today) were folded into the Big 3. The Big 3 lived to fight for another 70 years. In their death throes, the US Big Auto is likely to go the way European auto sector has gone – public sector or oblivion.
Saddam lives (through his words)
The way it looks, it will mean the Mother Of All Mergers. At which point, there is no team of accountants in the world who can figure out what is where, or what condition what is in? And then the evasions, the lies the obfuscation can continue for some more decades?
Real low … real truth (seen an oxymoron like that?)
The real question – who will pay for it?
Not the Americans! No siree. Definitely not.
Neither the American super-rich or the American welfare-poor? Not the American tax payers or the American tax evaders? Not the American Whites or the American Blacks?
It is the Chinese, the Russians, Indians, Brazilians and above all the Africans will pay for this! They have done, what bankers call non-recourse lending! The Chinese, Russians, Indians, Brazilians and the Africans, have no recourse. Who will the Chinese go to, for redeeming their US$2 trillion?
The bankrupt US of A? Welcome to the real world.
- U.S. Regulators Issue Stress-Test Guidelines for Smaller Banks (businessweek.com)
- Dollar falls against euro after stress tests (seattlepi.com)
- CIBC: What’s the American Century endgame? (theglobeandmail.com)
- Euro Bank Stress Test Results Due Soon (UK Banks Pass: Sky News) (blogs.wsj.com)
- Europe Bank Stress Tests Compromised by Greek Non-Default (businessweek.com)
- UK banks set to clash with EU over tough new capital rules (telegraph.co.uk)
- Here Are The Banks That Failed Today’s Stress Tests (businessinsider.com)
- Dollar falls against euro after stress tests (sfgate.com)
The biggest bankruptcy in history might have been avoided if Wall Street had been prevented from practicing one of its darkest arts.
As Lehman Brothers Holdings Inc struggled to survive last year, as many as 32.8 million shares in the company were sold and not delivered to buyers on time as of September 11, according to data compiled by the Securities and Exchange Commission and Bloomberg. That was a more than 57-fold increase over the prior year’s peak of 567,518 failed trades on July 30.
The SEC has linked such so-called fails-to-deliver to naked short selling, a strategy that can be used to manipulate markets. A fail-to-deliver is a trade that doesn’t settle within three days.
“We had another word for this in Brooklyn,” said Harvey Pitt, a former SEC chairman. “The word was ‘fraud.’” (via Naked short sales hint fraud in bringing down Lehman).
This is very similar to Joseph Kennedy’s shorting the market before The Great Depression. It has always been a wonder to me how could Joseph Kennedy, a bootlegger and a friend of the mafiosi could become SEC Chairman? And after that did happen, would a Great Depression not follow?
It was always 2ndlook’s suspicion that Hank Paulson’s behaviour in the Lehman collapse is similar to Bootlegger Kennedy’s behaviour. And this now coming out all in the open!!