* 53% OF YOUR TAX DOLLARS GOES TO WAR. YOU WOULD NEVER HEAR THIS ON MAINSTREAM MEDIA
* PRE-DETERMINE GUILT: WARS WAGED WITH MASS MEDIA COMPLICITY
Modern wars are not conducted without mass media involvement
By Viktor Litovkin, StopNATO
To accuse Moscow of the fact that it promotes “murder of peaceful Syrian citizens” is tantamount to unreasonably assigning responsibility for something to which it is not a party. One must recall that the USA itself is actively supplying weapons (at a rate of 5-7 billion dollars per year) to its closest allies in the Arab world – Saudi Arabia and Qatar – knowing full well that they, in turn, actively arm the Syrian opposition with this military equipment! American weapons in particular are used most frequently to commit mass murders in this troubled country, and not only of the Alawite supporters of President Assad, but also of Christians, which is what happened in Homs.
U.S. Secretary of State Hillary Clinton announced recently that Russia is arming Syria with military helicopters, which are then being used in the war against the peaceful population. The Secretary of State was not ready to back up this information, which was instantly spread across the world by the leading mass media outlets, without any facts. It very quickly turned out that there were no such deliveries at all. Even a Pentagon spokesman had to admit that the head of the U.S. government foreign affairs agency sinned against the truth.
Despite the fact that the Secretary of State was obviously embarrassed, she did not even think to apologize. Only her assistant allowed herself to reinterpret the words of her boss, noting that she was not referring to new helicopters, but refurbished ones. A small clarification, but one made in principle. And in vain the global mass media hardly even noticed it. […]
* ON THE BREADLINE – GREECE
Source: journeyman pictures, youtube
With youth unemployment at 50%, the elderly losing their assets and ever-growing numbers going hungry, you don’t need to wander far on the streets of Athens to witness the impact of Greece’s debt crisis.
“All the rulers are dirty” cries one man as he awaits his turn at the local food distribution centre.”What else are those thieves going to take? They’ve stolen everything.” It is this level of desperation that is felt across the debt-stricken country. A once-thriving shipping trade has virtually vanished, with queues of former workers lining the streets for the chance of a last minute shift. Tourism too is under threat. With all these difficulties, it is not hard to find a growing anti-European sentiment from its people. As one man argues, “they prefer to watch people eat from the garbage. The EU is simply a union of corporations and banks”.
* STUDY: MEGA BANK JP MORGAN CHASE RECEIVES A $14 BILLION ANNUAL SUBSIDY FROM THE U.S. GOVERNMENT
By Pat Garofalo, Think Progress
[…] JPMorgan receives a government subsidy worth about $14 billion a year, according to research published by the International Monetary Fund and our own analysis of bank balance sheets. The money helps the bank pay big salaries and bonuses.
In a recent paper, two economists — Kenichi Ueda of the IMF and Beatrice Weder Di Mauro of the University of Mainz — estimated that as of 2009 the expectation of government support was shaving about 0.8 percentage point off large banks’ borrowing costs. That’s up from 0.6 percentage point in 2007, before the financial crisis prompted a global round of bank bailouts.
To estimate the dollar value of the subsidy in the U.S., we multiplied it by the debt and deposits of 18 of the country’s largest banks, including JPMorgan, Bank of America Corp. and Citigroup Inc. The result: about $76 billion a year. The number is roughly equivalent to the banks’ total profits over the past 12 months, or more than the federal government spends every year on education.
JPMorgan’s share of the subsidy is $14 billion a year, or about 77 percent of its net income for the past four quarters. In other words, U.S. taxpayers helped foot the bill for the multibillion-dollar trading loss that is the focus of today’s hearing. […]
* MATT TAIBBI AND YVES SMITH
Source: Moyers and Company
The tangled web of banks and government with Rolling Stone’s Matt Taibbi and Yves Smith of the website Naked CapitalismMatt Taibbi and Yves Smith.