Insider Trading Writ Large

Imagine, if you will, a country in which banking regulations were stripped down so far that worthless paper again becomes a hot commodity. Now consider that this had (as it inevitably must) blown up and caused a crash in the lending market and equities market and thus the economy in general. Further note that a necessary result would be a rapid rise in the price of precious metals, notably gold. After a couple of years, that gold bubble would be ripe. People who had assets remaining when the junk bonds or sub-prime mortgages or whatever collapsed could have conservatively moved their money into gold, further depressing the equities market and inflating the price of gold. But, wait. Because of government investing, the market was recovering too fast! So fast that the wealthy were unable to swap their inflated gold for depressed stocks at the optimum time. What to do? Congress to the rescue! The wholly owned carriers of the banners of freedom and independence could be employed to create a palpably unnecessary crisis with a distinct deadline. Yes! This would quickly depress the markets and allow those holding too much bubble-gold to buy depressed stocks. Meanwhile, those elected to carry the load of screwing the middle class could also jump on the wagon and buy up stocks just before the deadline hits. Then the price of stocks returns to normal levels, and the gold bubble can be allowed to pop. I, for one, would like to see the trading histories of all those involved in the current crisis, and their friends and kin.

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Glenn Greenwald exposes the lies of Wired

After more than a year, Wired has finally published most of the chat logs between Bradley Manning and government informant Adrian Lamo. As Salon's Glenn Greenwald points out in his detailed analysis, Wired withheld this information as part of a cover-up:

[T]he controversy was over Wired's obvious concealment of matters outside of the scope of Manning's personal issues, ones that were plainly relevant to newsworthy matters and, in particular, to Lamo's claims about what Manning told him. The concern was that Wired was concealing material to glorify and shield its source, Poulsen's long-time associate Adrian Lamo, in a way that distorted the truth and, independently, denied the public important context for what happened here. Wired's release of the full chat logs leaves no doubt that those concerns were justified, and that Wired was less than honest about what it was concealing.

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Daniel Ellsberg looks back and forward

Interesting interview of Daniel Ellsberg appearing in a PBS Series titled POV. This quote's a gem:

In this interview, Ellsberg says, "Richard Nixon, if he were alive today, would feel vindicated that all the crimes he committed against me–which forced his resignation facing impeachment–are now legal. " (Thanks to the Patriot Act and other laws passed in recent years.) And he says all presidents since Nixon have violated the constitution, most recently President Obama, with the bombing of Libya.

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United States Citizen Consent Form and Survey

I suspect that only a smallish minority of people deeply care about the many dramatic political and legal changes that have been occurring in the United States over the past ten years. Just to make sure, though, I have created a United States Citizen Consent Form and Survey, and I would like to propose that it be distributed to all U.S. citizens and they be compelled to fill it out by federal mandate.

Maybe the results will substantiate my fears that I am an outsider living in what used to be my own country.

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