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Of Suspected Spies & Cathedrals… and Western Media Hypocrisy
Of Suspected Spies & Cathedrals… and Western Media Hypocrisy
It’s hilarious to see the double standards of Western media applied in the case of alleged American spy Paul Whelan who is being detained in Russia and facing trial.
Whelan, a former US marine, was denied bail this week in a Moscow court after it emerged that he had been found in possession of state secrets while supposedly holidaying in Russia.
Western media widely aired the theory that the American man has been “set up” by Russian state security after he had received a USB computer stick from someone while staying in a Moscow hotel last month. The person whom he received the disk from has not been identified, but presumably he or she was known to the American, otherwise why would he have accepted the item?
Whelan claims he was in Russia as a tourist and that he didn’t check the contents of the computer mini-disk at the time because he assumed it contained “images of a cathedral he had visited”. He was reportedly arrested soon after receipt of the disk, on December 28, by Federal Security Service (FSB) officers.
This sounds eerily familiar. Remember the two Russian men who visited Salisbury in March last year at around the time of the alleged poisoning of former Kremlin spy Sergei Skripal? Months later, those two men were identified as “suspects” on British CCTV cameras whose images were broadcast by media. Both then promptly came forward to give an interview to Russian media in order to clear their names, which they confirmed as Alexander Petrov and Ruslan Boshirov.
Petrov and Boshirov claimed they were in Salisbury around March 4 as tourists, not as Kremlin assassins as the British media were sensationally alleging. Asked why they were in Salisbury, the pair said it was to visit the medieval English town’s “famous cathedral” and its 123-meter spire.
…click on the above link to read the rest of the article…
Fighting the Next Global Financial Crisis
Fighting the Next Global Financial Crisis
NEW HAVEN – What do people mean when they criticize generals for “fighting the last war”? It’s not that generals ever think they will face the same weapon systems and the same battlefields. They certainly know better. The error, to the extent that the generals make it, must operate at a more subtle level. Generals are sometimes slow to get around to developing plans and ordnance for those new weapon systems and battlefields. And just as important, they sometimes assume that the public psychology, and the narratives that influence the morale that is so important in achieving victory, is the same as in the last war.
That is also true for regulators whose job is to prevent financial crises. For the same reasons, they may be slow to change in response to new situations. They tend to be slow to adapt to changing public psychology. The need for regulation depends on public perceptions of the last crisis, and, as George Akerlof and I argued in Animal Spirits, these perceptions depend heavily on changing popular narratives.
Central Banking’s Final Frontier?
Anatole Kaletsky weighs the views of Raghuram Rajan, Adair Turner, Stephen Roach, and others on how far today’s increasingly exotic monetary policies can and should go.
The latest progress reports from the Financial Stability Board (FSB) in Basel outline definite improvements in stability-enhancing financial regulations in 24 of the world’s largest economies. Their “Dashboard” tabulates progress in 14 different regulatory areas. For example, the FSB gives high marks for all 24 countries in implementing the Basel III risk-based capital requirements.
But the situation is not altogether reassuring. These risk-based capital requirements may not be high enough, as Anat Admati and Martin Hellwig argued in their influential book The Bankers New Clothes. And there has been much less progress in a dozen other regulatory areas that the FSB tabulates.
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What if Putin is Telling the Truth?
What if Putin is Telling the Truth?
On April 26 Russia’s main national TV station, Rossiya 1, featured President Vladimir Putin in a documentary to the Russian people on the events of the recent period including the annexation of Crimea, the US coup d’etat in Ukraine, and the general state of relations with the United States and the EU. His words were frank. And in the middle of his remarks the Russian former KGB chief dropped a political bombshell that was known by Russian intelligence two decades ago.
Putin stated bluntly that in his view the West would only be content in having a Russia weak, suffering and begging from the West, something clearly the Russian character is not disposed to. Then a short way into his remarks, the Russian President stated for the first time publicly something that Russian intelligence has known for almost two decades but kept silent until now, most probably in hopes of an era of better normalized Russia-US relations.
Putin stated that the terror in Chechnya and in the Russian Caucasus in the early 1990’s was actively backed by the CIA and western Intelligence services to deliberately weaken Russia. He noted that the Russian FSB foreign intelligence had documentation of the US covert role without giving details.
What Putin, an intelligence professional of the highest order, only hinted at in his remarks, I have documented in detail from non-Russian sources. The report has enormous implications to reveal to the world the long-standing hidden agenda of influential circles in Washington to destroy Russia as a functioning sovereign state, an agenda which includes the neo-nazi coup d’etat in Ukraine and severe financial sanction warfare against Moscow. The following is drawn on my book, “The Lost Hegemon” to be published soon…
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The Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board | WEB OF DEBT BLOG
The Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board | WEB OF DEBT BLOG.
On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook.
The new bail-in rules were discussed in my last post here. They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged.
Did Max Boot and Commentary Magazine Lie About Edward Snowden? You Decide.
June 6, 2015
Did Max Boot and Commentary Magazine Lie About Edward Snowden? You Decide.
In the neocon journal Commentary, Max Boot today complains that the New York Times published an op-ed by Edward Snowden. Boot’s objection rests on his accusation that the NSA whistleblower is actually a “traitor.” In objecting, Boot made these claims:
It is literally the supreme act of projection for Max Boot to accuse anyone of lacking courage, as this particular think tank warmonger is the living, breathing personification of the unique strain of American neocon cowardice. Unlike Snowden — who sacrificed his liberty and unraveled his life in pursuit of his beliefs — the 45-year-old Boot has spent most of his adult life advocating for one war after the next, but always wanting to send his fellow citizens of his generation to die in them, while he hides in the comfort of Washington think tanks, never fighting them himself.
…click on the above link to read the rest of the article…