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The Oligarchs and Public Debt

Sunday, March 13th, 2011

Shlok hits it on the head:

The Rise of the Corporate State

In order to preserve the portfolios of bondholders, Michigan is ramrodding this legislation:

The new law would allow emergency managers to terminate labor contracts, strip local ordinances, hold millage elections, dissolve a government with the governor’s approval, and merge school districts.

It would allow managers to remove pension fund trustees or become a sole trustee if a pension fund is less than 80% funded. It allows managers to recommend that a local government file for Chapter 9 bankruptcy, but leaves the final decision to the governor.

State legislatures, the bush leagues of American politics, can often be bought up by a special interest for less than one million dollars in campaign contributions. Governors are slightly to moderately more expensive ( a good bit more expensive in large states). A fantastic ROI when it yields control of billions of tax dollars. Better than anything comparable in the private sector except, perhaps, the illegal drug trade.

Acquisition and divestmentment of public debt under what terms by municipalities, counties and local government entities are political decisions. The Republican governor of Michigan, Rick Snyder, has whored himself out to the oligarchy to thwart the ability of local, elected, governments from making smart and perfectly legal business decisions – as contracting parties in a bond market – regarding their public debt so that the taxpayers of Michigan can be farmed as long as possible and at the highest rates, for the benefit of the financial oligarchy. No risk for them but serfdom for you.

This is about as anti-democratic, pro-big government,  pro-high taxes and anti-free market as it gets and it is being promoted by a Republican. 

We need a new major political party if liberty and democracy are to have anyone to speak for them.

Government by Assassination

Monday, March 7th, 2011

Pakistani Islamist militants, with the political support of the ISI and some of Pakistan’s higher military leadership, are trodding down a path we have seen before. Assassinations of democratic or tolerant political figures at odds with Islamist extremists and the military elite has become de facto “normalized” in Pakistan.

And popular among many Pakistanis.

Bhatti Killing Should Alarm Pakistan’s Minorities

The murder last week of Shahbaz Bhatti, Pakistan’s minority affairs minister and the only Christian in the cabinet, is a reminder of how dangerous it can be to voice one’s opinion in violence-riddled Pakistan. Bhatti was a liberal who spoke often against Pakistan’s blasphemy laws and their narrow-minded application.

His murder comes just weeks after the assassination of Punjab Governor Salman Taseer, another prominent moderate. Both men were targeted by Islamic extremists because of their calls to reform the blasphemy laws. The purpose of their murders — besides depriving moderates of some of their most courageous leaders — is to frighten moderates and minorities into silence and submission.

What Salman Taseer’s assassination could mean for Pakistan

Experts believe the outpouring of praise for the killer of Salman Taseer, the former governor of Punjab who was slain by his own security detail in Islamabad on Tuesday, reflects deep support for religious intolerance and will have a chilling effect on reform-minded public figures.

“It’s highly dangerous for these religious scholars to say things that do not fit into the legal context of [an] issue. Are they saying Taseer was guilty of blasphemy simply by criticizing a law? In that case, hundreds of thousands are guilty. This is a clear incitement to violence,” says Badar Alam, editor of Pakistan’s Herald magazine and an expert on Islamist groups.

Pakistan’s Bhutto assassinated – World news – South and Central …

NAUDERO, Pakistan – The body of Pakistan opposition leader Benazir Bhutto arrived in her family village for burial on Friday, hours after her assassination plunged the nuclear-armed country into one of the worst crises in its 60-year history.

Enraged crowds rioted across Pakistan and hopes for democracy hung by a thread after the former prime minister was gunned down as she waved to supporters from the sunroof of her armored vehicle.

The death of President Pervez Musharraf’s most powerful opponent threw the nation into chaos just 12 days before elections and threatened its already unsteady role as a key fighter against Islamic terror.

A cadre of military leaders manipulate and orchestrate civilian fanatics to methodically murder and intimidate civilian officials and radicalize the larger society, where have we seen this before? Oh, yes:

Pakistan is a Muslim version of 1930’s Japan.

US policy has hitched itself to a dangerously evolving and increasingly Fascist leadership class in Pakistan that is steadily veering away from any pretense of civilized conduct or partnership with the US, reifying a witch’s brew of Islamist extremism, militarism and anti-Indian and anti-American nationalism.  We need to disengage from and de-fund this monstrosity that bends most of it’s efforts against our interests and values. 

Pakistan is a strategic black hole of an “ally” that is going to blow up in our face someday.

Gaddafi House Party: Zenga Zenga Song

Sunday, February 27th, 2011

If one of the homeless on lower Wacker Drive could become dictator….. 

I’m not sure what is being said here but as Gaddafi speaks mostly in violent, insane, drivel anyway, the remix satire remains spot on:

Wikistrat: If Kim Jong-il Died…..

Saturday, February 26th, 2011

Wikistrat is running an interactive futurist simulation on possible pathways of change and regime change of the DPRK. I am participating alongside Thomas P.M. Barnett and HistoryGuy99 and the Wikistrat analytical team. Join us here.

Tom’s take:

New Simulation – The Death of King Jong-Il

…We have just launched our first open community simulation, where our analysts and subscribers explore a shock in the form of the sudden death of North Korean leader Kim Jong Il. Join our subscribers to engage in this live simulation, explore potential scenarios, aftershocks the various impacts of this event on countries’ interests. You can then play the Prime Minister and plan potential strategies for the United States, China, South Korea and many more.

Current ruler Kim Jong-Il turns 70 this year and is allegedly battling pancreatic cancer (very low five-year survival rate) and diabetes, as well as the obvious lingering effects of a stroke that occurred in 2008.

Starting in mid-2009 and culminating in a special party event in the fall of 2010, Kim positioned his under-30 third son, Kim Jong-Eun as his clear successor, although it is widely believed that Kim Jong-Il’s brother-in-law Chang Sung-Taek will play the role of regent for some indeterminate time.

North Korea’s recent military aggressiveness (e.g., ship sinking, artillery barrage of disputed island) suggests a determined effort to speedily credentialize Kim Jong-Eun among the military leadership that now controls much of the government, economy, and – most importantly – mineral exports to, and humanitarian aid from, patron China. Kim Jong-Il was publicly groomed as “founding father” Kim Il-Sung’s successor for roughly a decade-and-a-half, whereas Kim Jong-Eun will likely have had only a restricted public persona for 3-4 years at the time of his father’s death.

When Kim Il-Sung died in 1994, Kim Jong-Il nonetheless was unable to fully claim leadership status until three years had passed.

ADDENDUM:

Interesting article (Hat tip Col. Dave)

N.Korean Protesters Demand Food and Electricity

Small pockets of unrest are appearing in North Korea as the repressive regime staggers under international sanctions and the fallout from a botched currency reform, sources say. On Feb. 14, two days before leader Kim Jong-il’s birthday, scores of people in Jongju, Yongchon and Sonchon in North Pyongan Province caused a commotion, shouting, “Give us fire [electricity] and rice! “A North Korean source said people fashioned makeshift megaphones out of newspapers and shouted, “We can’t live! Give us fire! Give us rice!” “At first, there were only one or two people, but as time went by more and more came out of their houses and joined in the shouting,” the source added.

The State Security Department investigated this incident but failed to identify the people who started the commotion when they met with a wall of silence.

“When such an incident took place in the past, people used to report their neighbors to the security forces, but now they’re covering for each other,” the source said.

When Dictators Go Mad – Gaddafi Sentences Libya to Death

Tuesday, February 22nd, 2011

“Any Libyan who lifts an arm shall be punished with death….Any Libyan who undermines the sovereign state will be punished with death.” “Those who commit crimes against the army shall be punished with death. Anybody who works for a foreign company that undermines the country will be punished with death.”

Twitter is absolutely amazing on reporting events on Libya the last few days. What they lose in passing on rumors the make up for by being hours or days ahead of MSM and USG reaction.

Col. Gaddafi, who looks these days like a cross between a has-been rock star in Celebrity Rehab and Ethel Merman in her dotage, is desperately trying to cling to power and has unleashed artillery, naval bombardment, warplanes, helicopter gunships and African mercs on his own people. No word if the honorable member of the UN Human Rights Panel has employed poison gas yet, but the Libyans appear to be holding their own in fierce fighting in Libya’s largest cities.

The USG response has been muted on Libya. This sober restraint may reflect the vulnerability of American oil industry workers trapped in the fighting as well as the discomfort of anticipation of the details of recent deals between Western corporations and former government officials and the Libyan regime coming to light if Gaddafi falls. Or alternatively, Gaddafi tearing lucrative agreements up if he remains in power.


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