Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Covid, Debt and Precious Metals - 3rd Jun 20
Gold-Silver Ratio And Correlation - 3rd Jun 20
The Corona Riots Begin, US Covid-19 Catastrophe Trend Analysis - 3rd Jun 20 -
Stock Market Short-term Top? - 3rd Jun 20
Deflation: Why the "Japanification" of the U.S. Looms Large - 3rd Jun 20
US Stock Market Sets Up Technical Patterns – Pay Attention - 3rd Jun 20
UK Corona Catastrophe Trend Analysis - 2nd Jun 20
US Real Estate Stats Show Big Wave Of Refinancing Is Coming - 2nd Jun 20
Let’s Make Sure This Crisis Doesn’t Go to Waste - 2nd Jun 20
Silver and Gold: Balancing More Than 100 Years Of Debt Abuse - 2nd Jun 20
The importance of effective website design in a business marketing strategy - 2nd Jun 20
AI Mega-trend Tech Stocks Buying Levels Q2 2020 - 1st Jun 20
M2 Velocity Collapses – Could A Bottom In Capital Velocity Be Setting Up? - 1st Jun 20
The Inflation–Deflation Conundrum - 1st Jun 20
AMD 3900XT, 3800XT, 3600XT Refresh Means Zen 3 4000 AMD CPU's Delayed for 5nm Until 2021? - 1st Jun 20
Why Multi-Asset Brokers Like TRADE.com are the Future of Trading - 1st Jun 20
Will Fed‘s Cap On Interest Rates Trigger Gold’s Rally? - 30th May
Is Stock Market Setting Up for a Blow-Off Top? - 29th May 20
Strong Signs In The Mobile Gaming Market - 29th May 20
Last Clap for NHS and Carers, Sheffield UK - 29th May 20
The AI Mega-trend Stocks Investing - When to Sell? - 28th May 20
Trump vs. Biden: What’s at Stake for Precious Metals Investors? - 28th May 20
Stocks: What to Make of the Day-Trading Frenzy - 28th May 20
Why You’ll Never Get Another Stimulus Check - 28th May 20
Implications for Gold – 2007-9 Great Recession vs. 2020 Coronavirus Crisis - 28th May 20
Ray Dalio Suggests USA Is Entering A Period Of Economic Decline And New World Order - 28th May 20
Europe’s Coronavirus Pandemic Dilemma - 28th May 20
I Can't Pay My Payday Loans What Will Happen - 28th May 20
Predictive Modeling Suggests US Stock Markets 12% Over Valued - 27th May 20
Why Stocks Bear Market Rallies Are So Tricky - 27th May 20
Precious Metals Hit Resistance - 27th May 20
Crude Oil Cuts Get Another Saudi Boost as Oil Demand Begins to Show Signs of Life - 27th May 20
Where the Markets are heading after COVID-19? - 27th May 20
Silver Springboards Higher – What’s Next? - 26th May 20
Stock Market Key Resistance Breakout Is Where the Rubber Meets the Road - 26th May 20
5 Ways To Amp Up Your CFD Trading Today - 26th May 20
The Anatomy of a Gold Stock Bull Market - 26th May 20
Stock Market Critical Price Level Could Soon Prompt A Big Move - 25th May 20
Will Powell Decouple Gold from the Stock Market? - 25th May 20
How Muslims Celebrated EID in Lockdown Britain 2020 - UK - 25th May 20
Stock Market Topping Behavior - 24th May 20
Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis - 23rd May 20
Gold Silver Miners and Stocks (after a quick drop) Ready to Explode - 23rd May 20
3 Ways to Prepare Financially for Retirement - 23rd May 20
4 Essential Car Trade-In Tips To Get The Best Value - 23rd May 20
Budgie Heaven at Bird Land - 23rd May 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

“We Are Drowning” On A Road To Nowhere: New War on the Horizon

Politics / US Politics Feb 19, 2012 - 12:09 PM GMT

By: Danny_Schechter

Politics

Best Financial Markets Analysis ArticleOil prices are rocketing. Iranian warships are moving into the Mediterranean to shadow the US warships already there.  Propaganda news is growing with rumors of Al Qaeda links with Iran, and, then, less speculative news about real links between the terror groups and the armed opposition in Syria.

As Rolling Stone’s Matt Taibbi puts it, the smell of war is in the air and on the air, “You can just feel it: many of the same newspapers and TV stations we saw leading the charge in the Bush years have gone back to the attic and are dusting off their war pom-poms.”


CLG adds: “Officials in key parts of the Obama administration are increasingly convinced that sanctions will not deter Tehran from pursuing its [alleged] nuclear program, and believe that the US will be left with no option but to launch an attack on Iran or watch Israel do so.”

The timing now seems to be for war in October, just before the next Presidential election. Does that mean that the White House believes that war fever will generate more support for an embattled Commander in Chief. Orwell was right in his classic 1984: “the object of the war is not to make or prevent conquests of territory, but to keep the structure of society intact."

Here in the “homeland,” the FBI busts a “terrorist” on his way, we are told, to blow up the Congress. Turns out he was supplied with phony weapons by the FBI itself, a specialist in entrapment. The G-Men supposedly became suspicious when they heard that this young Jordanian, living illegally in Virginia, told someone who told someone that the war on terror was a war on Muslims. That’s probably a majority view in the Middle East, but to them it was menacing and proof of evil intent.

After their puppet “suspect” was in custody, they reassured one and all that the Congress was never at risk. (Nor, now, is the FBI’s next appropriation!)

What a relief! Congress has survived to fight another day in its own war-- a partisan war without end. For the most part, the political logjam and stalemate continues and not just because of warring ideologies.

Unseen and only rarely commented upon by pundits who know how to cover political horse races but not political skullduggery is the role that big money plays behind the scenes. That is kept out of sight and out of mind.

Bill Moyers and Michael Winship write: “Watching what’s happening to our democracy is like watching the cruise ship Costa Concordia founder and sink slowly into the sea off the coast of Italy, as the passengers, shorn of life vests, scramble for safety as best they can, while the captain trips and falls conveniently into a waiting life boat.

We are drowning here, with gaping holes torn into the hull of the ship of state from charges detonated by the owners and manipulators of capital. Their wealth has become a demonic force in politics. Nothing can stop them. Not the law, which has been written to accommodate them. Not scrutiny -- they have no shame. Not a decent respect for the welfare of others -- the people without means, their safety net shredded, left helpless before events beyond their control.

Yes, “we are downing here.”

But is not just money per-se that is the problem, but those one percenters that are manipulating it as a weapon to drive our democracy into the dumper.

Charles Pierce names and shames them in the pages of Esquire, writing about the “the undeniable fact that, over the course of a decade, a bunch of cheats, thieves, and suited mountebanks stole most of the national economy and then wrecked whatever was left of it. But what's most extraordinary about the whole thing is that, after they swindled their swindles and heisted their heists, and got paid off by the rest of us for having looted our naional economy, they all kept doing the same things they were doing before. These included extravagant bonuses and, of course, continued crimes of capital that ought to be capital crimes.”

Wow!

On the same day I read, Joe Nocera in the New York Times saying it’s not important to punish the banks. So clearly the liberal media is in large part in cahoots with the right wing message points, avoiding any structural analysis, while pushing for mild “reforms” unlikely to reform anything.

One consequence of our corporate news system, according to Richard Flanders in the Atlantic is that Americans are being steered into becoming even more conservative.

“Even with the president’s approval rating showing signs of life and the Republicans busily bashing themselves over the head — “one is a practicing polygamist and he’s not even the Mormon,” retired Supreme Court Justice Sandra Day O’Connor recently quipped about her party’s two frontrunners — America continues to track right, according to polling data released by the Gallop Organization this week.” he writes.

“Americans at this political moment are significantly more likely to identify as conservative than as liberal: conservatives outnumber liberals by nearly two to one. Forty percent identify as conservative, 36 percent as moderate, and 21 percent liberal.”

Most upsetting is that the people who suffering the most are stuck in the Alice in Wonderland world of conservative ideology. 

This study concludes. “The ongoing economic crisis only appears to have deepened America's conservative drift - a trend which is most pronounced in its least well off, least educated, most blue collar, most economically hard-hit states. 

The public becomes dumber  in part because our media is a dumbing down machine. No wonder, alternative voices are brushed to the margins by our not so free press. This past week, I was interviewed by RT and AlJazeera, but none of the US TV news networks I used to work for will have me on. It’s not a personal thing:  I am not alone.

Yes, MSNBC has added two progressive hosts, but in the morning, on weekends, when viewing is lowest. Fox, meanwhile, dumped Judge Napolitano and his sometime sensible and outspoken libertarian show. Can’t have that, can we?

It’s time for Occupy Wall Street to add media reform to its emerging agenda. The media war is as real as any other, and unless we fight that one, we will lose all the others. Politics is a war of ideas, of different narratives in collision.

It’s not enough to chant, “We are the 99%.” We have to explain who rules America and how to change it.

One way to do it is educate the country about how many of the same interests that own the banks own the media.

Perhaps that’s why most media outlets are not reporting that unemployment increased this month and that underemployment is up to 19%

Writes Rex Nutting on Market Watch: “Everyone knows that the Great Recession has inflicted tremendous damage to the lives and fortunes of millions of Americans. But what you may not know is that most of the suffering is still to come.

We’re not even halfway done with this mess.”

A mess it is, a “mistake” it isn’t.

That’s why activists can’t give up

If there was ever a time for progressives to unite around some coherent ten point plan that can be used to reach potential supporters and broaden the movement for change, this is it. The aspiration should be to build a coalition that can win, to  “occupy the mainstream.” Sadly, here as in Greece where the economic crisis is at a boiling point, a headline in the Financial Times sums up a key obstacle to fighting back:

“Greek Left Has Most Support But is Fragmented”

What say you, unions, churches, minorities, students, workers, activists, feminists and occupiers? Do we work together or lose apart?  Assuming that the GOP self-destructs, do we really think that more ‘Bama can make the difference that needs making?

News Dissector Danny Schechters film and book Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.

    News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

    © 2012 Copyright Danny Schechter - All Rights Reserved

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules