Tag Archives: Big Media/Big Tech

Krugman vs. Murphy

I wonder what Paul Krugman is thinking. In his latest attack on the Austrian school, Great Leaps Backward, he notes the rising tide of its popularity and describes it as a repudiation of 75 years of economic progress since the work of John Maynard Keynes.

Robert Murphy of the Mises Institute has been trying to shame Krugman into an economic debate by raising over $60,000 for charity should Krugman accept.

In this fantastic essay, Murphy rebuts Krugman’s latest assault. I highly recommend the essay, it includes the clearest explanation of Austrian Capital and Interest theories I’ve seen, followed by an exhaustive rebuttal.

Israel on Iran: So wrong for so long

open quoteOfficials at the U.S. Department of State, we learned from the secret cables released by WikiLeaks last week, have serious questions about the accuracy — and sincerity — of Israeli predictions about when Iran will obtain a nuclear weapon. As one State official wrote in response to an Israeli general’s November 2009 claim that Iran would have a bomb in one year: “It is unclear if the Israelis firmly believe this or are using worst-case estimates to raise greater urgency from the United States.”

So we thought this was as good a time as any to look at the remarkable history of incorrect Israeli predictions about Iran — especially given that the WikiLeaks trove is being used to argue that an attack on Iran is becoming more likely.

According to various Israeli government predictions over the years, Iran was going to have a bomb by the mid-90s — or 1998, 1999, 2000, 2004, 2005, and finally 2010. More recent Israeli predictions have put that date at 2011 or 2014.

. . . .

Here we go:

October 1992: “Warning the international community that Iran would be armed with a nuclear bomb by 1999, Peres told France 3 television in October 1992 that ‘Iran is the greatest threat [to peace] and greatest problem in the Middle East … because it seeks the nuclear option while holding a highly dangerous stance of extreme religious militantism.'”

Source: Then-Foreign Minister Shimon Peres in an interview with French TV, as described in the book ” Treacherous Alliance .”

November 1992: “But the Israelis caution that a bigger threat to Middle East serenity — not to mention their own country’s security — lies in Teheran, whose regime they say is sure to become a nuclear power in a few years unless stopped.”

Source: New York Times, “Israel Focuses on the Threat Beyond the Arabs — in Iran”

January 1995: “Iran is much closer to producing nuclear weapons than previously thought, and could be less than five years away from having an atomic bomb, several senior American and Israeli officials say.”

Source: New York Times, “Iran May Be Able to Build an Atomic Bomb in 5 Years, U.S. and Israeli Officials Fear”

1995: “The best estimates at this time place Iran between three and five years away from possessing the prerequisites required for the independent production of nuclear weapons.”

Source: Benjamin Netanyahu, in his book “Fighting Terrorism: How Democracies Can Defeat the International Terrorist Network”

February 1996: “On February 15, 1996, Israeli Foreign Minister Ehud Barak told members of the UN Security Council that Iran would be able to produce nuclear weapons within eight years.”

Source: Barak comments reported in ” Treacherous Alliance ”

April 1996: “I believe that in four years they [Iran] may reach nuclear weapons,” [Israeli Prime Minister Shimon] Peres told ABC television during an interview.

Source: Agence France Presse, “Iran could have nuclear weapons in four years: Peres” (via Nexis)

November 1999: “Unless the United States pressures Russia to end its military assistance to Iran, the Islamic republic will possess a nuclear capability within five years, a senior Israeli military official said Sunday.”

Source: Associated Press, “Israeli official: U.S. must pressure Russia to end military cooperation with Iran” (via Nexis)

July 2001: “‘I mentioned to our friends, the Turkish leadership, that we are more than worried about the very rapid development taking place regarding nuclear weapons,’ [Minister of Defense] Binyamin Ben-Eliezer told reporters. ‘As far as we know by the year 2005 they [Iran] will, they might, be ready.'”

Source: Associated Press, “Israeli defense minister: Iran could have nuclear weapons by 2005” (via Nexis)

August 2003: “Iran will have the materials needed to make a nuclear bomb by 2004 and will have an operative nuclear weapons program by 2005, a high-ranking military officer told the Knesset Foreign Affairs and Defense Committee on Monday.”

Source: Jerusalem Post, “Iran can produce nuclear bomb by 2005 – IDF”

February 2009: “Netanyahu said he did not know for certain how close Iran was to developing a nuclear weapons capability, but that ‘our experts’ say Iran was probably only one or two years away and that was why they wanted open ended negotiations.”

Source: Then-candidate for Prime Minister Benjamin Netanyahu in conversation with an American congressional delegation, as described in a cable released by WikiLeaks

June 2009: Barak estimated a window between 6 and 18 months from now in which stopping Iran from acquiring nuclear weapons might still be viable.

Source: Defense Minister Ehud Barak in conversation with members of Congress, as described in a cable released by WikiLeaks

June 2009: “Unless their programme experiences technical problems, the Iranians will have by 2014 a bomb ready to be used, which would represent a concrete threat for Israel,” said [Mossad chief] Meir Dagan.

Source: Agence France Press, “Iran will have nuclear bomb by 2014: Mossad”

November 2009: “General Baidatz argued that it would take Iran one year to obtain a nuclear weapon and two and a half years to build an arsenal of three weapons.”

Source: Brigadier General Yossi Baidatz, an Israeli military intelligence official, in conversation with an American defense official, as described in a WikiLeaks cable.

September 2010: “The reasoning offered by Israeli decision makers was uncomplicated: Iran is, at most, one to three years away from having a breakout nuclear capability (often understood to be the capacity to assemble more than one missile-ready nuclear device within about three months of deciding to do so).”

Source: Jeffrey Goldberg, reporting the Israeli point of view in a cover story on Iran in the Atlanticclose quote (Read more from salon.com)

The Panama Deception

The Panama Deception trailer:

open quote21 years ago the US military dropped bombs on the Central American nation of Panama four days before Christmas Eve.

The 1989 US invasion eventually killed an estimated 4,000 civilians and leveled densely populated urban areas. It was vindicated through the notion that then President Manuel Noriega was an imminent threat to Panamanian democracy and American lives.

“Last Friday Noriega declared his military dictatorship to be in a state of war with the United States and publicly threatened the lives of Americans in Panama,” explained former President George H.W. Bush in December of 1989 regarding why the US was invading Panama.

However, journalists and historians insist the real cause for war were maintaining US control of the Panama Canal, Central America and US military bases in Panama.

However, major US media played a key role in selling the invasion to the American people.

Tom Brokaw of NBC reported a week before the war, “The United States declared in effect Panama’s Manuel Noriega is a threat to this country’s national security.”

What wasn’t mentioned that was Noriega had been Washington’s strongman for nearly two decades. While Bush Sr. was head of the CIA, he increased Noriega’s payroll to $100,000 dollars a year.

But as Noriega’s obedience to the US faltered, the US feared losing control of the vital Panama Canal and the closure of its strategically important military bases.

“They demonized Noriega as a means to be able to bomb and attack his country and that is what they did,” said Michael Parenti, an author and political scientist.

“Panamanian deaths were simply not of interest to the major mainstream media. The interest was solely on American deaths. The US media were puppets for this military campaign,” commented Barbara Trent, the director of the academy award winning documentary “The Panama Deception”.

During the making of Trent’s documentary film, she faced barricades from the US military. While filming thousands of refugees living inside plane hangars, military officials tried to detain Trent to prevent her from filming. However, the Panamanian refugees surrounded Trent’s filming crew and they were able to conduct interviews.

One refugee told Trent, “We want to get out of this Goddamn place, we’re tired of this! This is not no democracy! They [US] are worse than Noriega, they are plenty worse!!”

The refugees painted a grim picture that did not reflect in the US media coverage.

“The media stopped acting like the media, and acted as it has done in the Iraq as a cheer leading section,” said Parenti.close quote

New Year’s Predictions for 2011

My predictions:

1. We will see the beginning of the collapse of the bond market. The truth about flawed fiat currencies will begin to emerge. No one will want government debt. The specter of the choice between government default and hyper inflation will haunt us all.

2. In response to a great, violent threat, President Obama will appear on television and make a heroic speech about security, the American way of life, and preserving our liberty. Despite its design, the speech will not salvage his popularity.

3. Ron Paul will be accused of racism, nazi-ism, and/or homophobia. As Ron Paul popularity grows, and as his long record of accurate predictions becomes increasingly verified by the economic crisis, his message of liberty becomes increasingly threatening to the status quo. Look for slander, followed by more extreme tactics.

4. Governments hate a free press. Look for internet regulation in the U.S. and western Europe. Secret blogging and anonymity services will become increasingly valuable. More scandals will emerge, some directly threatening, incriminating the White House. The Democratic party will attempt to salvage itself by abandoning Obama.

5. Socialist explanations for the economic crisis, which blame greed and private enterprise, will get great exposure on television and in print as government looks for reasons to increase power and taxation to cover its many irresponsible programs. The socialist explanations will gain some support, but the liberty message and the culpability of government will not go away.

6. Faced with plummeting popularity, even in Donetsk, Ukraine’s ruling party, the Party of Regions, will have to chose between failure and tyranny. They will attempt to chose tyranny.

***

Peter Schiff:

* Higher commodity prices will begin to hit consumer.
* Mortgage rates will continue to rise.

***

Gerald Celente:

1. economic crisis wake up call
2. economic unions will splinter
3. government will intensify efforts to take wealth from the people
4. crime waves
5. crackdown on liberty (in the name of fighting crime)

***

See also, my predictions for:
2010
2009
2008

Peter Schiff — Year-end review

* Dow’s 10% year gain is BS. Foreign currencies did better.
* US dollar gains is also BS. Gold was up 27%! Silver was up 75%! Does that sound like a strong dollar?
* Mining stocks are beginning to lead.
* Commodities (CRB) up 18%. Oil up 17%. Cattle up 20%. Copper up 34%. Corn 40%. Wheat 43%. Soy beans way up. Sugar up 52%. Coffee 63%. Cotton up 90%.
* China may switch investments from dollars to euros in 2011.
* Kudlow show calls for more government welfare in China & less individual responsibility.

STEPHEN WALT: MAINSTREAMING WAR WITH IRAN

Important article from a few months ago:

open quoteIf you are worried that the United States might be foolish enough to attack Iran, then you might take comfort from Jeffrey Goldberg’s lengthy and alarmist Atlantic article on the subject. Based on a flock of mostly anonymous interviews, Goldberg has concluded that odds are better than 50-50 that Israel will attack Iran sometime next spring. Given his track record as a Middle East analyst — particularly when it comes to the wisdom of using force — you might be justified in viewing that prediction as a sign that war was in fact quite unlikely.

I’ve said plenty already about the reasons why Iran is not a grave threat that justifies preemptive war, and why neither the United States nor Israel should be thinking about a military strike, so I don’t feel compelled to dismantle Goldberg’s restating of the hawks’ case yet again. And I don’t have to, because others have already done so quite ably.

Instead, I’d just like to highlight what’s really going on here.close quote (Read more from veteranstoday.com)

What’s wrong with the scared, unreasonable, unscientific, uninformed, inattentive, stupid, mean, cowardly, racist American people?

What’s wrong with the American people?

Obama — Scared, Unreasonable, Unscientific. “Part of the reason that our politics seem so tough right now, and facts and science and argument does not seem to be winning the day all the time, is because we’re hard-wired not to always think clearly when we’re scared.”

Senator Kerry — Uninformed. Inattentive.

Bill Maher — Too stupid to be governed.

First Lady Obama — Downright Mean.

Attorney General Eric Holder — “a nation of cowards.”

NY Times editorial writers on opposition to Obamacare — “racist”

Wikileaks brings out government psycopaths, boot-licking media

Rep. Peter King: WikiLeaks Should Be A ‘Terror Organisation’

– Former presidential candidate Mike Huckabee and ex-Pentagon official KT McFarland were among those claiming the guilty party should face execution for putting national security at risk by leaking the inflammatory information.

KT McFarland, who held national security posts under the Nixon, Ford and Reagan governments, backed the calls, saying Private Bradley Manning – the chief suspect of leaking the files – should face treason charges and possible execution. (Read more from telegraph.co.uk)

– Glen Greenwald: “there are few countries in the world with citizenries and especially media outlets more devoted to serving, protecting and venerating government authorities than the U.S. Indeed, I don’t quite recall any entity producing as much bipartisan contempt across the American political spectrum as WikiLeaks has: as usual, for authoritarian minds, those who expose secrets are far more hated than those in power who commit heinous acts using secrecy as their principal weapon.” (Read more from salon.com)

– Jack Hunter (via facebook): “umm… What was worse for national security? Dick Cheney and Scooter Libby blowing Valerie Plame’s CIA cover to get back at her husband? Or ANYTHING we’ve seen from Wikileaks? Just saying…”

“thinks its weird how certain conservatives become obsessed with “exposing” Obama’s supposedly secret socialist or Muslim background, but freak out when Wikileaks exposes actual government shadiness. I guess conspiracy theories are only fun so long as they remain theories.”

– “That’s why the Establishment of both parties, and pundits on the neocon right and the Obama-ite left, are out to knife Assange and bring down WikiLeaks. They may fight about how much to raise the retirement age, and how to divide the tax loot, but when it comes to defending the Empire – and the cult of secrecy that su…stains it in a ‘democratic’ Imperium such as ours – they stand united, both red and blue.” (Read more from antiwar.com)

Why I Love WikiLeaks – For restoring distrust in our most important institutions.

Wikileaks News

CIA, Mossad and Soros Behind Wikileaks
open quoteWMR has learned from Asian intelligence sources that there is a strong belief in some Asian countries, particularly China and Thailand, that the website Wikileaks, which purports to publish classified and sensitive documents while guaranteeing anonymity to the providers, is linked to U.S. cyber-warfare and computer espionage operations, as well as to Mossad’s own cyber-warfare activities.

Wikileaks claims to have decrypted video footage of a U.S. Predator air strike on civilians in Afghanistan and that covert U.S. State Department agents followed Wikileaks’s editor from Iceland to Norway in a surveillance operation conducted jointly by the United States and Iceland. Iceland’s financially-strapped government recently announced a policy of becoming a haven for websites that fear political oppression and censorship in their home countries. However, in the case of Wikileaks, countries like China and Thailand are suspicious of the websites’ actual “ownership.”

Wikileaks says it intends to show its video at an April 5 press conference at the National Press Club in Washington, DC but that its presenters may be detained or arrested before that time. WMR’s sources believe the Wikileaks “militancy” in the face of supposed surveillance appears fake.

Our Asian intelligence sources report the following: “Wikileaks is running a disinformation campaign, crying persecution by U.S. intelligence- when it is U.S. intelligence itself. Its [Wikileaks’] activities in Iceland are totally suspect.”close quote (Read more from truthrss.com)

***

The hypocrisy of the media attack on Wikileaks
open quoteThe traditional media has become so toothless it is reduced to attacking Wikileaks for doing its job properly. close quote (Read more from politics.co.uk)

***

Wikileaks cable release ‘attack on world’
open quoteUS Secretary of State Hillary Clinton has denounced the release of classified diplomatic cables as an “attack on the international community”.close quote (Read more from bbc.co.uk)

Peter Schiff: Reversal Tuesday, jobs, Fed critics, Bernanke

* Gold and silver skyrocketing, but hard reversal on Tuesday. Same with other commodities.

* Bond market eroding as Quantatative Easing backfires.

* Friday’s optimistic job report is small limited to service sector. (Peter Schiff advocates production.)

* World-wide criticism of the Fed. Germany calls Ben Bernanke “clueless.” Obama defends Fed during India visit.

* Obama says Fed’s mandate is to grow economy. This is BS actual mandate is price stability and employment. Fed CAN’T grow economy.

* Sara Palin’s criticism of Fed in Wall Street Journal and WSJ calls it the “harshest criticism of Fed they’ve seen from a politician.” WTF??? There’s this guy Ron Paul who’s actually in office, you know.

* Ben Bernanke’s op-ed defends QE2. He has nerve to claim increase in stock prices will spur consumer spending. Completely incoherent! This is nothing but a stock market bubble. Surprising lack of criticism to this in WSJ.