The Global Economic Crisis or Wall Street Plutocrats' Avarice

The corporate media pervasively proffers the US Treasury's subsidy of $700-800 billion that was awarded to myriad American investment and commercial banks: AIG, Goldman Sachs, J.P. Morgan, Citi Group et al. However, many in the American corporate media neglect to include~analyse, deconstruct~ the $13 trillion dollars that both the Federal Reserve and Treasury Department have channeled, to these plutocrats since September 2008, covertly ( peruse Nomi Prins' artifacts, Bloomerg's web page, PBS interview with Professor William Black).

There was a recent Senate Finance Committee Hearing to investigate the trillions of dollars that the Federal Reserve has granted to these former institutions; nevertheless, on May 5, 2009 Elizabeth Coleman, Inspector General~Federal Reserve, was unable to unequivocally substantiate who received these funds and how much capital was transfered to the former banks (view www.therealnews.com/t/: Federal Reserve: Same Old Sheriff on Wall Street). How is it possible that the most quintessential lending institution in the USA ~ the international standard for reserves and exchanges~ and its officers are unable to substantiate the trillions in capital? Are there issues with arithmetic? Are they unable to hire accountants? Is there a clear intent of obstruction? Could one draw parallels with Mr.Madoff? Mr Stanford? Are these former men scapegoats? Is this corruption endemic? Systemic?

Another interesting detail is the entity of the Federal Reserve. Is it an independent body? Is it quasi-independent? If the United Sates president is responsible for the appointment of its chair~please note, Mr Bernanke has been re-appointed to second term~ clearly there is a inherent relationship with the US Treasury and a development of monetary policy. Why does Mr Bernanke refuse to have Government Accountablity Office (GAO) investigate its ledgers? Many economists have proffered a multitude of figures in regard to the trillions that have been borrowed~ or granted to the banking and financial sectors~ by Goldman Sachs, Bank of America et al.

Furthermore, a paradox does emerge~ Pandora's golden box is ajar ( Be Cautious...)~ as one begins to examine the intimate relationship between the triple A credit agencies that substantiated~authenticated with extreme prejudice~ and approved the credit default swaps, another term for this financial euphemism: "derivatives"; these are the toxic assets that guided Wall Street into the debacle of September 2008 with lingering financial ripples on other Western and Eastern markets. Standard and Poor and Fitch are a few of these Triple A credit agencies that validated these toxic assets; a number of these derivatives are from the Housing Bubble~ Sub-prime Mortgage contracts~ and the predatorial lending practices in lower class neighbourhoods ( Baltimore, Cleveland and Detroit) throughout the United States. A number of economists have commented on this exploitative practice: Mr Jefrey Sachs and Mr.Michael Hudson, as well as Joseph Stiglitz, the Nobel Prize economist; in turn, they affirm , especially according to Hudson, that these practices are criminal in nature ( visit the interview with Bill Moyers on PBS).

A new American Administration prevails at the White House ( Canada has not been affected by this Housing Bubble~Should Canadians be vigilant? ) and as of October 2009 effective changes to the banking and financial industry have not been implemented, in fact, Mr Obama has delegated more powers to Mr Bernanke and the Federal Reserve. Why is this quasi-independent institution beyond reproach? Should it be held accountable by the American people? Why does Mr. Bernanke refuse to have the Reserve's logs investigated by the GAO? Many of the banking firms~commercial and investment~ have declared record bonuses to their employees, reported profits in this fiscal year, yet the real victims, middle-lower class American homeowners and the lower class, remain in a state of penury.

Is this the real progressive agenda that Mr Obama campaigned... Is the real change that he articulated during his presidential campaign...? The chasm between the affluent and the destitute exponentially widens and Pandora's golden box will not be sealed, it cannot be esoterically stitched; Ariadne must weave the golden fleece and bellow a consciousness for the indigent; a few progressive voices remain, such as Cornell West, Howard Zinn, Noam Chomsky, Grace Lee Boggs and Van Jones, who must pervasively be critical of Obama's centre-right agenda. Finally, a real metamorphosis will not emerge without the closure of the prisons~Guantanamo, Bagram and the CIA Black Sites; as well as the trillion dollar war campaigns in Iraq, Afghanistan and Pakistan. The economic sector is intrinsically linked with the "War on Terror" or in Obama's new nomenclature the Overseas Contingency Operation (OCO) , both must be addressed to change the course of the wretched of the earth, as Raj Patel has eloquently avouched in his new artifact Stuffed and Starved.

An important investigation by a reporter of McClatchy News, Greg Gordon, has reported that Goldman Sachs has been implicated ~either directly or indirectly~in 13 trillion dollars of credit-default swaps in the USA, 60 trillion dollars worth of derivatives ~ credit default swaps or toxic assets~ globally. Mr. Gordon also asserts that Goldman Sachs requested 20 billion dollars in protection from AIG in order to validate~secure or guarantee~ these toxic assets. Moreover, Goldman withdrew from the sub-prime mortgage industry and began wagering that the sub-prime mortgage bubble would collapse. A very significant market overseas was located in London where Goldman orchestrated this trillon dollar industry of derivatives.How many members~present and past~ have an association with the American or Canadian administrations? Is it a coinciden

Afghanistan is Obama's Vietnam

The USA President Forty-Four must read history-or is he restricted to American history- and ascertain why the British during the nineteenth century were unable to colonize-imperialize- Afghanistan; the USSR was unable-1979-1989 conflict- to colonize this mountainous and spartan terrain. The Soviets had amassed 500, 000 troops, while the Americans are committing  approximately 50,000 infantry. The US military campaign began in the fall of 2001, eight years and counting, and what exactly have they achieved for the Afghanis?

The British military campaigns were launched in 1838 and 1878 respectively; both military battles were disastrous. During both wars, the British imposed their regime change-puppet leaders-Shuja Shah and Sher Ali. Once again history repeats itself, Bush Junior also imposed a de-facto leader Ahmed Karzai- one important notation: his brother is a narco-trafficker- who has limited sovereignty over the country, and numerous sources ( Patrick Coburn, Andrew Bacevich) assert that he has hegemony only over Kabul.

Another salient footnote: Ahmed Karzai was a former consultant for UNOCAL- and coincidentally another UNOCAL consultant, Zalmay Khalilzad was appointed by the Bush Adm as the special envoy to Afghanistan- and it is interesting to note how the UNOCAL executive, John Maresca, began soliciting a number of House committees for a fruitful and amicable investing environment for the creation of an oil pipeline that traverses via Afghanistan en route from Turkmenistan to Pakistan then India. There must be a myriad of polemic in the American corporate media to reveal the uncanny and putrid coincidence of Haliburton, and Cheney's decision to invade this country and Obama's military objective of transfering the "War on Terror" from Iraq to Afghnaistan.

Did the invading Western powers ever have an understanding of the culture in South-West Asia? Were they ever cognizant of the different tribal forces, religious denominations, languages, values and customs of this volatile region? Did they all believe they could impose their hegemonic presuppositions?

This US military war of aggression will be ingrained in history as Mr. Obama's Vietnam War , as Iraq is Bush Jr's Vietnam War; America is abound with unenlightened leaders, incognizant scholars of history, and these characteristics will enhance the fall of the~ a putrid Pax Americana~ Imperium Americana. An American hegemony will not prevail, war is not the response; history recalls another salient date of 1776 where another empire  superimposed an alien culture on a colony; why would Afghanistan accept, today, a contemptible~kitsch~ culture and its principles of domination?

Bellum Romana Part Two

The War on Terror has a different nomenclature under Obama's presidency. He continues to authorize the drone hellfire missiles on Pakistan: North and South Waziristan. The leader of Pakistan, Zardari, asserts to his population that the existence of the nation-state is in jeopardy from the Taliban forces that reside in these tribal- lawless- areas. Is this his implicit decree to proffer Obama incursions into Waziristan?

There is a plethora of war fronts: Iraq, Afghanistan, Pakistan; in addition, the US military defense budget is -or has approached- $1 Trillion ( Many sources have reported on this statistic: www.the realnews.com, www.democracynow.org, as well as authors: Jospeh Stiglitz, Miriam Pemberton, and Nancy Youssef.) and it is very difficult to ascertain how the Obama Administration will acquire the funds to stimulate the economy.

The salient quandary is Obama's premise of change: Does this include respect for the sovereignty of nation-states? A new level of consciousness? A fresh American conscience? If the US wishes to assert a New World Order it should promote one of an honest broker, a harbinger of peace, an envoy that affirms and engages in humanitarian assistance rather one that tacitly and explicitly entertains the Casus Belli. The international community requires less a USA that flaunts an Imperium Americana, but more a Pax Americana within a community of nation-states that reject the Casus Belli. 

Time is a precious gem... one that Obama must maintain near... but unfortunately the present military actions by his Adm. in Pakistan fragment all the euphonic yawps of change: his campaign , his inaugural speech,  and his press briefings.

North and South Waziristan

Mr Obama, number 44, authorizes Hellfire missile attacks on villages in North and South Waziristan, the drones kill taliban members, but also kill innocent civilians on Friday, January 23.

Is this the new rapprochement to Muslim nations and states that the international community

is to anticipate...?  Is this not a pervasive modus operandi of the Bush-light 43 Administration...?

Does this not indicate that the "War on Terror" is now a mantra of the Obama Adm...?

The Bellum Americana marches on... into new campaigns of asymmetrical warfare. "Mr. Obama

has affirmed a New American Century of peace, change, and detente." ( Is there any irony...) Will these conflicts not become his Vietnams...? One must examine the military spending for 2008, it is approaching 1 trillion US Dollars ( peruse Mr Joseph Stiglitz's artifact). It is clear that the military industrial complex will have just as much "steam" and "wind" ( destruction and blood) with the support of Obama.  Is this the change that he campaigned..

The winds of the east will not be silenced, the voices of the innocent can not be silenced; it is American Foreign Policy that disseminates  the sand dunes  of belligerency.

The 1949 Universal Declaration of Human Rights

Mr Obama must read the 1949 Universal Declaration of Human Rights and the 1648 Treaty of Westphalia pursuant to the most recent attacks of Pakistan: North Wazirstan  by US missiles (Marchak 41, 45) .If universal treaties and human rights represent a void, a nothingness, an absurdity for Mr. Obama, president 44, what kind of change does he wish to articulate...?

Moreover, it only permits him to promulgate the policies of Bush 43. Is this the change that the world must anticipate... Gaza... Darfur... Afghanistan... Iraq... Somalia...Zimbabwe...Congo...   In Mr Obama's recent address did he allude to these nations explicitly... How much time should we proffer him...?  He moved swiftly to bail out the Wall Street Kleptocrats... but, what of all the calamities in the world that need to be considered...?

Yes, change; yes we can...    . This melody collapses on the dung heaps of the moraines .

Bellum Romana Continues

Mr. Obama has continued the War on Terror, even though he has not used the nomenclature.

One may witness the missile attacks into the tribal areas of Pakistan, North Wazirstan; moreover, his inaugural address ... as he recalls the nostalgia of the forefathers: Adams, Jefferson.. et al. Does Mr Obama remember the horrible atrocities that were committed in the name of the American Imperial Empire against the Aboriginals: Seminoles, Cubans...? These

actions were introduced to expand the American mainland. Yes, Guantanamo will be closing... but one year...? and what about the other CIA prisons: Bagram? Abu Gharib? Those located in Syria, Egypt, Eastern Europe...? No reference to these.. Is the Bush-light cycle repeating itself in another form...?? Is it clouded with beautiful euphonic melodies...?

Is the sovereignty of Pakistan relevant? Is Pakistan a failed state; thus, it makes his a belligerent actions morally correct? What happened to the respect to all the Muslim peoples... Therefore, is Obama using euphemisms  to cloud the perennial war on terror?

The Palestinian question also requires address. Did he categorically deplore the IDF mission in Gaza? Will he continue with 2-3 billion military aid to Israel? Will he enforce the openings of the crossings: Rafah? Erez? et al?

Obama Fails to introduce Real Change

It is important to note that the more Capital Hill-White House- changes the more it remains static. Obama spends approximately 170 million for his presidential inauguration ceremony; yet Bush 43 spent 42 million. How does this reflect a nation in an economic crisis...?? Mr Obama admitted to an economic crisis, neverthless, how can he justify this exorbitant expense...??