The Trouble is ...

The News: Ever the runner for Capital, in an article on oil wealth, the New York Times reports that :

“In Venezuela, President Hugo Chávez is pouring oil proceeds into a socialist revolution, creating free health care, free education and cheap food; enabling heavy public spending that has helped fuel four years of economic growth.

“The trouble, said Theresa Paiz, a Latin American director for the Fitch ratings agency, is that “it’s not really clear how the money is invested.” Mr. Chávez’s government is steering large chunks of money to development funds and state owned companies not subject to audits.”

The trouble is that The Fitch is just another pimp for Big Plunder. Ever hear The Fitch whining about the transparency of the Seven Sisters? How about sub prime lend n’ sell? Well ... let’s hear what The Fitch has to say about that:

" As earlier discussed, Fitch is in the process of reviewing its rating methodology and model assumptions for all new issue CDO ratings.

"For CDOs collateralized by structured finance securities, the review includes a reassessment of subprime vintage performance and associated loss severity and correlation. Also, and more broadly, Fitch is reviewing its core VECTOR modeling assumptions and methodology that could impact ratings of all CDOs, including corporate bond or corporate loan collateral.

In other words, our transparency champion really could give two hoots about clarity when it comes to Big Plunder... at least not until it turns out that what everyone thought was the deep cookie jar turned into a deep end meat grinder and the financial equivalent of blood and bits was splattered all over the damn place.

Of course, The Fitch wasn’t particularly troubled when Chiquita Banana Co. invested monies into hiring gangs of “guards” to murder Indian laborers and farmers. Nor was The Fitch hand wringing for transparency when Presidente Salinas steered large chunks of state owned Teléfonos de México to a pal for a pennies on the peso... making Carlos Slim the richest man in the world.

As recounted by the Arizona Republic (2007/11/7) Slim, “searches for businesses that are undervalued, infuses them with cash and uses the size of his holdings to overwhelm the competition.” (Got that? “undervalued”) "[I]n 1990, Slim made one of his most controversial purchases.

“The Mexican government was auctioning off several state-owned enterprises, including Teléfonos de México, the state-run telephone company, also known as Telmex. Slim and his partners, ... paid $1.76 billion for a 20 percent controlling stake. ...Since then, the market value of Telmex stock has rocketed from $7.39 billion to $41.2 billion. ..."

[Remember ... “undervalued”]

"Members of the opposition Democratic Revolutionary Party alleged that Slim underpaid for Telmex and demanded that then-President Carlos Salinas de Gortari be impeached for negligently selling Telmex at less than market value. A congressional committee, controlled by Salinas' party, later found no evidence of wrongdoing, ... "

No kidding! But where was The Fitch? In fact where was the Times? Transparency was apparently no big deal when the people -- the real people -- of a country were being murdered or ripped off on a colossal scale.

Instead the Times manages to find some “trouble with” a president who is using oil proceeds for “free health care, free education and cheap food” No, No, NO! Much better to have the money go into some oligarch’s off shore sink hole to be spent on keeping his polo ponies and pedicured bitches in style.

I read the Times in the afternoon. I couldn't bear to puke with my morning coffee.

©WCG, 2007

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A Misprint !

The News: It was announced today (18 October 2007)that AeroMexico had been sold at auction to the Barrazas business group at Banamex (Mexico's Pseudo National Bank). A "misprint" in the auction rules resulted in other bidders' bids being placed two minutes past the deadline and therefore disqualified. Grupo Barrazas had been a major financial supporter of Quisiling Calderon's bid for the presidency which itself was put on auction last year, although the bid amount was not disclosed until today.

The Note: This reminds me of the scene from I Claudius, in which Tiberius and his astrologer break into uncontrollable laughter upon being told that Marcellus died in a "boating accident".

Banamex is owned by Citigroup which is no doubt overjoyed with Mexico's new found democracy.

©WCG, 2007
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Islam Hate is Quite Acceptable in Polite Society

The News: The National Iranian American Council is calling on the Bush administration to dismiss a Pentagon official who told a visiting foreign delegation "I hate all Iranians." Debra Cagan, the Deputy Assistant Secretary for Coalition Affairs made the comment last month during an official meeting with British MPs.

The Note: Somebody has been feeding at the trough of the New York Post and Sun. Isn't it wonderful to know that "our" military is in the hands of cool, dispassionate professionals? And isn't it curious that the UK's PC-censors were so quick to ignore Cagan's incitement to race hate?

©WCG, 2007

A Golden Excuse for War

The News: Interviewed on DemocracyNow.org General Wesley Clark, revealed the following policy discussions in the aftermath of 9/11:

"About ten days after 9/11, I went through the Pentagon and I saw Secretary Rumsfeld and Deputy Secretary Wolfowitz. I went downstairs just to say hello to some of the people on the Joint Staff who used to work for me, and one of the generals called me in. He said, 'Sir, you've got to come in and talk to me a second.' I said, 'Well, you're too busy.' He said, 'No, no.' He says, 'We've made the decision we're going to war with Iraq.' This was on or about the 20th of September. I said, 'We're going to war with Iraq? Why?' He said, 'I don't know.' He said, 'I guess they don't know what else to do.' So I said, 'Well, did they find some information connecting Saddam to al Qaeda?' He said, 'No, no.' He says, 'There's nothing new that way. They just made the decision to go to war with Iraq.' He said, 'I guess it's like we don't know what to do about terrorists, but we've got a good military and we can take down governments.' And he said, 'I guess if the only tool you have is a hammer, every problem has to look like a nail.' So I came back to see him a few weeks later, and by that time we were bombing in Afghanistan. I said, 'Are we still going to war with Iraq?' And he said, 'Oh, it's worse than that.' He reached over on his desk. He picked up a piece of paper. And he said, 'I just got this from upstairs'--meaning the Secretary of Defense's office--"today." And he said, 'This is a memo that describes how we're going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran.' I said, 'Is it classified?' He said, 'Yes, sir.' I said, 'Well, don't show it to me.' And I saw him a year or so ago, and I said, 'You remember that?' He said, 'Sir, I didn't show you that memo! I didn't show it to you!'"

The Note: Well then.... how much oil does Syria, Lybia, Somalia, the Sudan and Lebanon have? Not much. This decision indicates it was not a war for oil. What for then? Was ot because they really did not know what else to do except invade a bunch of Muslims countries? Or was it that they thought that whoever did 9/11 it had to be a terrorist organization from or in at least one of those countries and so, bomb 'em all! Or....or... it was all a Zionist plot from the start. Everyone of those countries (except perhaps Somalia) has been in Israel’s sights for some time.

©WCG, 2007
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Zio-Con Rampage against Arabic

The News: The announced plan to open an Arab language institute has provoked an outraged reaction from Jewish-Zionist tabloids in New York City. Counterpunch reports that "the anti-Arabic campaign is being spearheaded by notable reactionaries such as Daniel Pipes and Alicia Colon, as well as newspapers in the Big Apple including the New York Post and New York Sun " who argue that the Kahil Gibran Institute will be a breeding ground for terrorism.

Daniel Pipes, a long-time ardent neo-con zionist has written a series of editorials in the NY Sun asserting that "Islamic institutions, whether schools or mosques, have a pattern of extremism and even violence." He argues that "learning Arabic in-and-of-itself promotes an Islamic outlook," as "Arabic-language instruction is inevitably laden with pan-Arabist and Islamist baggage." Pipes feels that the teaching of Arabic may lead to "moral decay," since "Muslims tend to see non-Muslims learning Arabic as a step toward an eventual conversion to Islam,..."

In another Op-Ed for the NY Sun, Alicia Colon argues that it "utter madness" to allow an Arab language institute to open "considering that five years after September 11, ground zero is still a hole in the ground and we're bending over backwards to appease those sympathetic to individuals who would destroy us again."

According to Pipes, the head of the Gibran Institute committed an egregious act of "gratuitous apology for suicide terrorism," by explaining that the word "intifada" meant "throwing off a yoke". The New York Post went further labelled the explanation an act of "warmongering"

The Note: Like Anti-Jew aktions, Anti-Islam hate-campaigns are scooped from the same offal and not surprisingly the arguments and metaphors are the same. We learn that the Muslim, like the Jew, is an infective bacillus who causes moral decay and who secretly aims to destroy "us". We learn that a language is inherently vicious and gives rise to a special and toxic "Jewish outlook" and "Jewish way of thinking" that must be rooted out. Oooops... Did I say "Jewish"? Sorry. I meant "Islamic".

Nor should anyone think that these polemics are merely the ravings of two hysterical Jews on the lower east side. The following web-site banners evidence that they are pen-soldiers in a well honed cadre of political operatives.

"Every weekday JewishWorldReview.com publishes what many in Washington and in the media consider "must reading." Sign up for the daily JWR update. It's free. Just click here. "

&

"JWR contributor Alicia Colon is a columnist for The New York Sun, a paper that every pro-Israel, pro-democracy New Yorker should be buying. Comment by clicking here. "

A curious kind of "democracy" that outlaws a language as "inherently" treasonous.


©WCG, 2007
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AIPAC Implants Electrodes in Giuliani's Cranium

The News: Writing in Foreign Affairs, Republican candidate and former New York mayor Rudy Guiliani has come out against the creation of a Palestinian state. Giuliani writes the U.S. should oppose Palestinian statehood because it would inevitably encourage terrorism. Giuliani also says he would consider talks with Iran but left open the threat of weakening Iran’s economy and military action.

The Note: It is extremely difficult to conceptualize the mental processes at work in this derangement. It is less difficult to understand who is pressing the buttons. At least we know that Foreign Affairs deserves a rack next to National Enquirer at the Wal-Mart check out.


©WCG, 2007
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Domestic Constabulary Forces take Shape

The News: Deputy Attorney General Craig Morford: "It's very important to emphasize that cases like this one are central to the United States government's efforts to neutralize the threat posed by terrorists and those who support them. I also want to mention that this particular case has long demonstrated the importance of integrating intelligence and traditional law enforcement tool in order to protect and to preserve national security and I think it stands as a great example of what can be accomplished when those things are combined."

The Note: Back in late 1970's when the FISA court was first established it was considered essential to keep traditional law enforcement and intelligence radically separate in order protect national constitutionalism. It was understood that once the two functions and hitherto distinct objectives were fused, limits on ordinary law enforcement would succumb to the demands of secret operations and foreign intelligence. At that point, the combined intelligence-enforcement services become constabulary forces, just like the ones we have in Iraq. [See Constabulism ] At the same time, the fusion produces a terminological inflation whereby ordinary crime (which presents only a minor threat to society) and terrorism (which potentially could present a major threat) also become mentally fused. It was not ex nihilo that in totalitarian states people end up getting Gulag'd or shot in the neck for stealing a bar of soap.

©WCG, 2007
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