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Michael Collins: New IMF Director - The more things change...

  • Posted on: 24 May 2011
  • By: MichaelCollins

Michael Collins

Seriously, is this the best the financial elite can do? The Money Party is running on fumes.

The Financial Times reported that French Finance minister Christine Lagarde was the leading candidate for Managing Director of the International Monetary Fund (IMF). She would replace Dominique Strauss-Kahn, now charged with sexual assault in New York City. (Images: Wiki Commons)

Christine Lagarde, France’s finance minister, has emerged as the leading contender to run the International Monetary Fund after being strongly endorsed by her German and British counterparts, eager to extend Europe’s 65-year grip on the global financial institution. Financial Times May 22

With the UK, Germany, and France supporting Lagarde, a favorable nod from the Obama Administration would assure her the job.

Since its creation in 1945, IMF has had an unbroken string of European managing directors.

 

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The Ironies of 911

  • Posted on: 16 September 2009
  • By: Wattree

BENEATH THE SPIN • ERIC L. WATTREE

While viewing America's solemn commemoration of the eighth anniversary of 911, I began to reflect upon its many ironies. The very first thing that came to mind was Dick Cheney's claim that Bush administration policies have kept us safe. My second thought was he must think we're crazy - and too many of us are.

When one looks upon the trauma, anger, and pain still etched upon the face of America eight years after the loss of 3000 of its citizens, one can only imagine what the Iraqi people are feeling after the documented murder, by name, of over 101,552 innocent men, women, and Iraqi children. Only after we begin to recognize the gravity of the atrocity that we committed in Iraq will America begin to understand that we will never be safe until we make the people responsible for that carnage accountable for their actions.

The Fall of the American Republic

  • Posted on: 11 August 2009
  • By: Hello Dolly Llama

Promoted. Here's another thoughtful piece from Hello Dolly Llama, originally crossposted on 2009-08-09 22:46:02 -0400 from the blog Hello Dolly Llama. -- GH

The Fall of the American Republic

Almost 3000 years ago, one of the two great empires in human history established -- invented, really -- the republican form of government. The Romans established constitutional concepts which we still use today: the separation of powers, budgetary authority, vetoes, filibusters, quorums, term limits, impeachments, elections, all centered on the Roman Senate. They endeavored to replace government by force, with government by laws. In time the Senate also played a central role when the Romans overthrew their king and worked to ensure that Rome never returned to monarchical government.

That lasted 400 years.

In 133 BC Tiberius Gracchus, Tribune of Rome, began pushing for a program to limit the power of the special interests by passing a reform package. The special interests were outraged. Gracchus began appealing to the people, showing them how much better their lives would be if the package were passed. The special interests, which included a great many conservative Senators, sponsored the assembly of mobs which went to the Roman site where Gracchus was trying to sell his program -- a town hall meeting, if you will. The mobs hired by the special interests disrupted the proceedings, clubbed Gracchus to death, and then murdered hundreds of his supporters. It was the first true political assassination of its kind in 400 years.

This was a vivid lesson for the rich and the special interests in Rome: they realized that they could use their money and influence to create "popular" mobs to disrupt the political workings in the Senate when things weren't going their way (or as John Rockefeller said 2000 years later -- I can hire one half of the working class to kill the other half). Such disruptions recurred over the course of the next several decades in Rome, culminating in a series of civil wars which destroyed the Republic and began a string of dictatorial emperors -- the very thing which the Republic had been set up to prevent. And after the republic fell, eventually Rome itself fell: the nation, no longer able to use republican mechanisms to protect itself from dictators, special interests or bad policy, saw the barbarians march through their gates and take over.

Funny how history repeats itself even in the tiniest details.

Uganda: Come for the wildlife, stay for the gay-bashing.

  • Posted on: 9 June 2009
  • By: the national gadfly

GLBTQ rights in Uganda have sucked for years, with open persecution by of gay, lesbians and other queers being propagated by hateful and ignorant people in positions of power.  The country has instilled oppressive laws against homosexuality and court cases have challenged these.  The police and mobs have taken to routinely beating, torturing and killing gays, ostensibly to protect the population from immorality.  (Apparently, killing unarmed people who love each other is not immoral in Uganda.  Lucky break, there.)

Ayn Rand's Ghost Responds: "F**k You!"

  • Posted on: 16 March 2009
  • By: the national gadfly

Bumped and promoted. Originally posted 2009-03-16 17:59:47 -0500. -- GH

  VAHALLA, NY.  Recently, there has been a stream of people quoting Ayn Rand and her novel, Atlas Shrugged as justification for the economic policies that created the current financial crisis. Ms. Rand's polemic novel which assaulted altruism and government has been quoted and promoted by CEO's, government officials, lobbyists as well as print, radio and television - and apparently, they've all got it wrong.

The source of this claim?  None other than the ghost of Ayn Rand herself, who recently appeared near her tombstone in Kensico Cemetery.  According to several witnesses, the image of Ms. Rand first appeared several weeks ago.  Initial observers assumed that the spirit was simply another CEO come to Ms. Rand's tombstone to meditate and give herself permission to lie, cheat and steal in the name of some Libertarian higher moral code.

The GOP: A 'Rush' to Obscurity

  • Posted on: 5 March 2009
  • By: Wattree

BENEATH THE SPIN  

Those of us who pointed out that Michael Steele was elevated to Chairman of the Republican National Committee as both a token, and as attack-dog-in-chief against President Obama should feel completely vindicated. No further evidence need be presented than what recently took place when Mr. Steele had the audacity to say that he was the head of the Republican Party, not Rush Limbaugh. In response Limbaugh all but literally told him to stay in his place.

Is Rush Limbaugh on Drugs Again, or Simply the World's Biggest Ego Trip?

  • Posted on: 29 January 2009
  • By: Wattree

BENEATH THE SPIN • ERIC L. WATTREE

Is Rush Limbaugh on Drugs Again, or Simply the World's Biggest Ego Trip?

 

Ultra Conservative Political shock jock, Rush Limbaugh, seems to have finally slipped off the reservation. It is hard to know whether he's back on drugs, or if the recent election returns have caused him to lose his mind all together.

The Genocide of America.

  • Posted on: 6 January 2009
  • By: the national gadfly

 

Is the United States of America the world's largest dealer of illegal drugs?  What about the world's largest gun runner?  For years our government has used the CIA, NSA & other super-secret 'intelligence' agencies to cultivate drug harvest and distribution in SE Asia and Afghanistan.  We offer 'aid' and 'trade' to countries in the forms of weapons and ammunition.  The drugs come home to the US to poison and kill our own population.  The weapons we sell are used either against us directly by people to kill others, who then seek to kill Americans.  Did the founding fathers envision a country that would become the world's largest debtor and blood merchant?

Are we too stupid to save ourselves?

  • Posted on: 21 December 2008
  • By: the national gadfly

(Image courtesy of indiesocial.com)

I walked onto the train platform in downtown Chicago today.  A woman had just finished shopping at Macy's and had several red shopping bags.  She was trying to put everything into one bag.  The wind picked up and blew some of the empty bags down the platform.  I took off running and stopped them from blowing out onto the street. 

The Economy, A Girl, and Her Dog

  • Posted on: 17 December 2008
  • By: Aaron Barlow

Bumped for more/better air time. Originally posted 2008-12-13 15:54:23 -0500. :)  -- GH And bumped again by Carol. I think it really is a discussion that we need to continue.

When times are good, when everyone seems to be making more than last year, the abundance seems so extensive that we don't really notice when certain people begin skimming off more than their share. When the growth, in general, is so much greater than can be reasonably expected, it's hard to imagine that it might even be greater, were not someone sneaking away with a part of what we know, in our hearts, is undeserved gain, anyway.

The Next Financial Mess!!

  • Posted on: 25 September 2008
  • By: jimstaro

Originally published 2008-09-25 05:41:19 -1000. Promoted by Roxy.

Dealing in Debt!!

Everyone, almost, is in a complete Rage at what is happening, and has been allowed to happen by not only soft regulation but the ease on any regulation in the Banking Industry, Morgage Industry, Wall Street, and in a Rage you should be.

But want a better picture of the who got us here any why, leave your computer and go to the nearest mirror and take a Good Hard Long Look at the reflection coming back, Yep Folks, it's most of you, and the rest of the shit hasn't yet hit the fan, but it's quickly coming!

Remember the clowns you hire to represent you in Washington, and local and state, are your clowns, you pay them.

Bill Moyers Journal - Andrew J. Bacevich

  • Posted on: 18 August 2008
  • By: jimstaro

If you missed the PBS Bill Moyers Journal, this past friday night, or if not on your local PBS station, this is an Interview that should be seen, absorbed and discussed!

For Retired Army Colonel Andrew J. Bacevich, Conservative, lays out, very clearly, the wrong direction this country has set it's course on which is leading it towards destruction or a meaningless society as others fill the void of the real World Leadership!

August 15, 2008

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