Yes, you already knew our government was extremely supportive in propping up the corrupt Egyptian regime, mostly as a means of keeping their torture routes protected and the oil and military markets flowing profitably... And, no doubt, we will send more tear gas if they need it because there is a lot of money to be made in never ending wars:
The United States has given billions of dollars in military aid to Egypt over the decades. The State Department approved the sale of tear gas to its police, despite its known history of brutality.
But the entire Arab world is starting to look like another neoconservative disaster as the lies and collusion between the USA, the UK, Israel and the supposed enemies of freedom - like the contorted and distorted "enemies" in Palestine, for example - come to light. It is another neoconservative contrived clusterfrack of foreign policy failure. But much like the Shock Doctrine delivered banking disaster is, the organized chaos the elite powers that be have preyed upon should be exposed for the Disaster Capitalism that has resulted. Make the jump»
In the aftermath of the provably orchestrated and Shock Doctrine delivered Bankster Bailouts comes the inevitable Disaster Capitalism delivered message of "austerity for you". Well? If you understand Shock Doctrine techniques typically used to get what they want:
Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again.
Families will see their disposable income eaten up as they “pay the inevitable price” for the financial crisis, Mervyn King warned.
“The squeeze on living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.”
It is inevitable! There was a shocking disaster and everyone has to pay for it!
Well? The plebes have to pay for it.
Coming from the same guy that the Bush State Department - as evidenced by wikileaks #cablegate - was helping to orchestrate the bailout of the banksters 6 months before Bush finally was ready to deliver the scripted announcement of the "unforeseeable market disaster".
But this austerity moment isn't well planned, in advance, Disaster Capitalism and as a result of this latest phase of that orchestrated Shock Doctrine like delivered disaster either, eh? Make the jump»
In keeping with the pink and white elephant concept, here's a callout via Keith Olbermann regarding the banking and financial institution bailouts:
Not bad. Anybody else got any good video commentaries to add, with other perspectives?
Consider this an extension of the preceding Open Thread.
So where is the money coming from?
$700B - $500B ... these numbers are tossed around like they only exist in some arbitrary spreadsheet somewhere. But in the end our grandchildren will still be paying the bills for these blunders. Seems like the treasury doors have been taken off their hinges and it is a free-for-all ...
Daily News is on hiatus for a week, so please add news items of interest, rants or raves, in the comments.
The wonderful world of our capitalist society, small c for the few that capitalize!
With trouble brewing inside mortgage giants Freddie Mac and Fannie Mae, Armen Keteyian reports that the nation is learning more and more about the companies and their friends in high places.