Saturday, August 21, 2021

LIES

LIES 

 

And while the outcome of the Afghanistan war is not preordained, we can almost predict the outcome, if the prior war is any example:  a mighty superpower proclaiming victory but severely humbled, walking off the world stage, and learning, hopefully (for a generation anyway), the limits of military power.

 

-       NO MORE AFGHANISTANS, J.M. Hamilton (7-31-2010)

 

By Gregg Wall (8-21-2021)

 

Finally, the United States has a POTUS, who is willing to bite the bullet and pull American troops, and America, out of harm’s way within Afghanistan, after nearly two decades of war.  Trillions in taxpayer money burned in 9-11 wars, thousands of troops killed (American & NATO), tens of thousands more wounded, and approximately 30,000 suicides by American troops, since 9-11 wars began…  and for what exactly?  

 

Well, it turns out that the typical cabal of elites, that steal America blind every day, are entirely responsible.  The Congress, the MSM, the Generals, the DOD, military contractors, and State Department are all complicit in a never-ending stream of lies directed at the American people, to perpetuate failed nation building.  But, please, don’t take my word for it, the Washington Post has done a complete series on the lies - emanating from America’s so-called best & brightest’ mouths - surrounding the Afghanistan War.

 

But why should any of this surprise anyone?  Whether its multi-trillion-dollar Wall St. bailouts, Big Pharma rip-offs, American privatized health care… War is just an extension of the elite self-enrichment scams the privileged and powerful pull on the public every day, while insisting that everyday Americans suffer austerity and navigate a collapsed and completely failed neoliberal economy. 

 

Americans, of course, are onto the scam… some 60% are done with America’s failed forever wars, and POTUS Biden deserves tremendous credit for doing the right thing.  What’s so hideous about these forever wars are the vampires that insist that America’s service personnel die, so that they can continue to steal with impunity.  But what should we expect, these are the same vampires who preside over, and profit from, the opioid pandemic… and as long as the profits roll in, who cares if several hundred thousand Americans perish in an opiate haze. 

 

It’s as if blood money and stolen trillions in public dollars, laundered through the stock market, somehow makes it all right & legitimate. 

 

The litany of characters at fault for this latest collapse of American prestige includes but is not limited to the last three POTUS, the U.S. congress, MIC contractors (which lobby for endless war), Wall Street, and America’s one percent, who profit from death, mayhem, and waste.  For all the money America and allies have wasted on these wars, we could have resettled 1,000,000 Afghanistan women & children, integrated them into the West, and Western taxpayers would have still been trillions ahead (assuming $40,000 per individual).  But despite the endless crying in the MSM media, about the plight of Afghanistan women, that was never the objective… the objective of endless war is endless looting.  

 

Will American elites be prosecuted or held accountable… don’t hold your breath.  The Afghanistan war won’t receive the scrutiny it deserves nor a review of the moral hazard surrounding these endless wars, which is this:  A stock trading congress supports endless war, constitutionally is responsible for war, profits from endless nation building, but doesn’t have the courage to vote, not once, for the Afghanistan War & nation building.  Meanwhile, MIC stocks soared.  It’s disgusting and the people in charge are hideous monsters.  

 

And yes, even our faithful European partners are responsible, too… not a one called out the last three presidents, proceeding Biden, for the abject excess & depravity of the Afghanistan nation building exercise.  No, our European friends are perfectly happy to support America’s endless wars; as long as, American taxpayers and troops bear the brunt of these wars, and pick up the NATO tab.  It’s all good. 

 

 

 

 

 

 

 

At the end of the day, I’m having a very hard time finding much fault with our POTUS, in regards Afghanistan.  Washington is such a hive of deceit, that the entire withdrawal enterprise – like war itself – was destined to collapse into chaos.  American elites and generals spent twenty years lying to the public, propping up Afghanistan puppets and their mercenary battalions, and it all came crashing down in days and hours like a house of cards.  Albeit, if America was withdrawing the troops, why did we leave 15,000 Americans behind?  The only answers I can come up with are: greed and hubris. 

 

And what comes next… A Hostage Crisis?  Given that Americans, as of this writing, are having a hard time making it to the Hamid Karzai International Airport, we should expect the absolute worst, withdraw the troops by the scheduled deadline (8/31), and probably begin hostage negotiations.  But don’t blame Biden… blame America’s failed foreign policy establishment, and the usual suspects named above. 

 

And if there’s any lessons for Americans, it’s this… watch your back.  Trust nobody, especially the scum, the villainy, and elites that run our country.  Don’t be fooled by American degrees from leading universities and positions of power… the higher up Americans climb, the more corrupt they almost always are, and greater the amount of lies that issue forth from their mouths.  Let's not fool ourselves, these are the very same people, who are presently burning down the planet in the name of Big Oil profits.  American elites have taken lying to an art form.

 

The fear-mongering neocons, and their emissaries in the MSM, are hellbent on another war, and prognosticating terrorist doom already.  And given America’s history of being sucked into war – by false flag events – these vultures will be working overtime to establish a pretext for the next war.  This is the same cabal that was providing banking services and handing over billions to the Taliban, so that they could continue their precious – money machine – endless war efforts. 

 

War is that big of a profit center for a predatory few. 

 

 Copyright JM Hamilton Publishing 2021

Saturday, August 7, 2021

CHINA CRACKS DOWN ON BILLIONAIRE POWER & TECH…

 

CHINA CRACKS DOWN ON BILLIONAIRE POWER & TECH…

 

In the past few months, China has clamped down on areas from anti-monopoly practices to cybersecurity, and tightened rules on data security

Regulators have tightened their hold on domestic tech giants for much of the past year, from the suspension of Ant Group’s $34.5 billion listing, to Alibaba’s $2.8 billion antitrust fine, and a cybersecurity probe into ride-hailing firm Didi. 

“When the U.S. government wanted to crack down on monopoly, it could take years and decades simply because of the institutional checks and balances,” he said.

 

“China’s model is slightly different — other people think it’s a lot different,” Li said. “That model allows them to do things quickly, identify issues decisively, and then make a policy right after that, and then move on to implement that.”

 

-       Beijing crackdown is a ‘wake up call’ for China’s corporate giants, says former chief of HKEX, CNBC

 

By Gregg Wall (8-7-2021)

 

Due to equal parts boredom w/ US financial news reporting, the mountain time zone I live within, combined with an equal measure of curiosity, I pivoted to Asian financial news reporting in the last several weeks.  My timing couldn’t have been more fortunate, as China’s government has begun cracking down hard on tech monopolies and even running over a billionaire or two.  China’s reevaluation of capitalism didn’t just start over the last several weeks… earlier this year, Beijing began to rein in Jack Ma and Ant Group.  

 

China’s new regulatory regime comes at a time when the Biden administration has weighed in against the evils of monopoly, by the signing of an executive order … orders designed to promote competition and inveigh against M&A and resulting layoffs, gouging the consumer via pricing power, and anticompetitive monopsony power against business creation & small business owners.  But Biden's fight appears to be an uphill battle and possibly may be little more than window dressing: with US regulatory agencies entirely captured by the industries they allegedly govern; the massive flows of money from billionaires and multinationals into political races; the gross corruption Americans see in the US congress every day; and a US stock market that thrives on monopolies’ obscene profits, crushing labor, and greater concentrated power. 

 

In short, Biden’s orders don’t have many teeth, nor has the admin begun anything in the way of antitrust enforcement, which could take years, if not decades.  And given America’s right-wing, pro-business courts as well as a possible shift to a future republican administration (which could unwind Biden’s efforts w/ the stroke of a pen), even the antitrust path is not guaranteed to succeed. Our do-nothing congress often talks a great game against US tech behemoths, but it’s taken seven months just to produce a simple bipartisan infrastructure bill in the Senate and even that is little closer to passage. 

 

Anyone who has read the JMH blog knows I have written extensively about the evils of billionaires, monopoly, and private equity … all are devotees, or vehicles, of concentrated economic and political power.  Power that is a direct threat to democracy, a healthy US economy, and the theory that the American government is a government of the people and for the people.

 

 

 

 

Since Biden has come into office, we’ve seen Wall Street drive up the price of commodities; we’ve seen powerful monopolies & utilities exercise pricing power over the consumer and labor; and we’ve seen foreign supply chains and concentration bring US auto production to a grinding halt.  These actions did not happen by accident nor within a vacuum but were designed to usurp the will of the American people and drive inflation, so as to cut off debate and action on Biden’s New Deal promises.  Americans are often worried about the coercive power of the state, but seem far less concerned about the corrosive, destructive, and pernicious power of the private sector.  

 

And is it any wonder, as we read glowing write ups in the financial press about how Warren Buffet scores another profits coup, by investing in monopolies: that are on auto pilot, destroy the planet, face no competition, suffer little or no regulatory oversight, crush labor, and destroy the fabric of democracy and the American dream itself.  Or perhaps the MSM can produce yet another puff piece on how Ri-Ri scored her first billion.

 

If Biden & congress were even remotely focused upon reining in the twin scourges to the US economy and the political process -- billionaires and monopolies -- he’d have to attack the problem on several fronts: 1) by taxing, significantly, the dividends, stock appreciation, and wealth of the billionaire class; 2) instructing the Federal Reserve to stop jacking up the stock market (why would entrepreneurs invest in business creation or go up against American monopolies, when they can earn fortunes in a rigged stock market); 3) telling the FED to raise interest rates and cut off the mother’s milk of concentration and monopoly (i.e. cheap debt); 4) using the Defense Production Act to attack monopoly concentration, especially Big Pharma, and reorganize industry, including ordering businesses and the US economy home (if a pandemic, half the US in flames, and monopoly rule doesn’t provide enough crises with which to use the DPA, what does?); and 5) removing the revolving door in regulatory agencies and have them attack the monopolies and utilities (including, but not limited to, tax audits and antitrust enforcement).  Biden also needs to use the bully pulpit of the presidency to attack senators and congressmen, who stand in his way (as well as their donors). 

 

Biden might even try a few carrots, incenting businesses to break up and unwind?  Hey, Biden says he’s modeling his presidency on FDR… seven months in, it’s time to start.

 

 

 

 

 

If all this seems daunting or pie in the sky, coming from a president whose greatest campaign promise was to his billionaire donors, assuring them nothing would change (so far, Biden sure as hell has delivered in this regard) … perhaps we should consider the alternative, a democracy facing collapse.  

 

From a health care system that just came in dead last, to rising poverty rates, to near zero social mobility and declining life expectancy, the US is not well.  In fact, it looks down right banana republic

 

To be sure, I’m not a fan of Communist China’s totalitarian leadership, gulags, or crushing oppression… but what I am a fan of are governments that get things done, highly positive things like reining in billionaires and state control over monopolies (cartels & monopolies should not exist in a healthy capitalist economy).  Please notice, when the Sino stock market indexes took the inevitable hit from leadership’s recent actions, China’s communists, alleged free marketeers, didn’t even flinch.  If the markets had cratered in the US, American politicians would have turned to Jell-O. 

 

It’s easy for me to sneer about communist oppression, but what about billionaire, monopoly, and Wall St. oppression?  Is a dictatorship of moneyed elite much different than a dictatorship of a single hegemonic political party? 

 

And is America’s two-party system little more than a front for single party rule, that is to say, oligarchy aiming for complete kleptocracy?

 

If that’s the case, well then, mission accomplished.

 


Copyright JM Hamilton Publishing 2021