US general offers plans for post-2014 Afghanistan overstay
Press TV – January 3, 2013
Commander of US-led forces in Afghanistan General John R. Allen (file photo)
Commander of the US-led forces in Afghanistan General John R. Allen has offered plans that would keep thousands of American troops in the war-torn country after Washington’s planned 2014 withdrawal.
Allen has submitted three plans to Defense Secretary Leon Panetta with troop levels ranging between 6,000 and 20,000, the New York Times cited a senior Pentagon official as saying on Wednesday.
General Allen’s options reportedly offer US involvement in security issues in Afghanistan and advising Afghan military forces.
With 6,000 troops, it is expected that the US mission in Afghanistan would largely rely on Special Operations commandos who would engage in targeted killings and assassination missions, with limited logistical support and training for Afghan forces.
The 10,000-strong mission is expected to engage in training Afghan security personnel; while with 20,000 troops Washington would add some conventional army forces to patrol in certain areas.
US President Barack Obama is supposed to discuss the options with his Afghan counterpart, Hamid Karzai, during his visit to the White House next week.
The United States, which currently has about 66,000 troops stationed in Afghanistan, led the invasion of the country in 2001, under the pretext of eradicating Taliban forces and bringing stability to the country.
However, torn apart by a war that has lasted over a decade, Afghanistan is still dealing with untamed violence, as well as rising insecurity topped by social problems.
Meanwhile, the Pentagon, the White House and US generals based in Afghanistan keep providing contradictory information on the composition, tasks and the size of the contingent that would remain in Afghanistan beyond the 2014 deadline.
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White House wins fight to keep drone killings of Americans secret
RT | January 3, 2013
A federal judge issued a 75-page ruling on Wednesday that declares that the US Justice Department does not have a legal obligation to explain the rationale behind killing Americans with targeted drone strikes.
United States District Court Judge Colleen McMahon wrote in her finding this week that the Obama administration was largely in the right by rejecting Freedom of Information Act (FOIA) requests filed by the American Civil Liberties Union and The New York Times for materials pertaining to the use of unmanned aerial vehicles to execute three US citizens abroad in late 2011 [pdf].
Anwar al-Awlaki and Samir Khan, both US nationals with alleged ties to al-Qaeda, were killed on September 30th of that year using drone aircraft; days later, al-Awlaki’s teenage son, Abdulrahman al-Awlaki, was executed in the same manner. Although the Obama administration has remained largely quiet about the killings in the year since, a handful of statements made from senior White House officials, including President Barack Obama himself, have provided some but little insight into the Executive Branch’s insistence that the killings were all justified and constitutionally-sound. Attempts from the ACLU and the Times via FOIA requests to find out more have been unfruitful, though, which spawned a federal lawsuit that has only now been decided in court.
Siding with the defendants in what can easily be considered as cloaked in skepticism, Judge McMahon writes that the Obama White House has been correct in refusing the FOIA requests filed by the plaintiffs.
“There are indeed legitimate reasons, historical and legal, to question the legality of killings unilaterally authorized by the Executive that take place otherwise than on a ‘hot’ field of battle,” McMahon writes in her ruling. Because her decision must only weigh whether or not the Obama administration has been right in rejecting the FOIA requests, though, her ruling cannot take into consideration what sort of questions — be it historical, legal, ethical or moral — are raised by the ongoing practice of using remote-controlled drones to kill insurgents and, in these instances, US citizens.
“The Alice-in-Wonderland nature of this pronouncement is not lost on me; but after careful consideration, I find myself stuck in a paradoxical situation in which I cannot solve a problem because of contradictory constraints and rules — a veritable Catch-22,” she writes. “I can find no way around the thicket of laws and precedents that effectively allow the Executive Branch of our Government to proclaim as perfectly lawful certain actions that seem on their face incompatible with our Constitution and laws, while keeping the reason for their conclusion a secret.”
Throughout her ruling, Judge McMahon cites speeches from both President Obama and Attorney General Eric Holder in which the al-Awlaki killings are vaguely discussed, but appear to do little more than excuse the administration’s behavior with their own secretive explanations.
“The Constitution’s guarantee of due process is ironclad, and it is essential — but, as a recent court decision makes clear, it does not require judicial approval before the President may use force abroad against a senior operational leader of a foreign terrorist organization with which the United States is at war — even if that individual happens to be a US citizen,” McMahon quotes Mr. Holder as saying during a March 2012 address at Chicago’s Northwestern University. “Holder did not identify which recent court decisions so held,” the judge replies, “Nor did he explain exactly what process was given to the victims of targeted killings at locations far from ‘hot’ battlefields… ”
And while both Mr. Holder and President Obama have discussed the killings in public, including one appearance by the president on the Tonight Show with Jay Leno, the Justice Department insists that going further by releasing any legal evidence that supports the executions would be detrimental to national security.
While Judge McMahon ends up agreeing with the White House, she does so by making known her own weariness over how the Obama administration has forced the court to rely on their own insistence that information about the attacks simply cannot be discussed.
“As they gathered to draft a Constitution for their newly liberated country, the Founders — fresh from a war of independence from the rule of a King they styled a tyrant — were fearful of concentrating power in the hands of any single person or institution, and most particular in the executive,” McMahon writes.
Responding to the decision on Wednesday, ACLU Deputy Legal Director Jameel Jaffer issued a statement condemning the White House’s just-won ability to relieve itself from any fair and honest explanation as to the justification of Americans.
“This ruling denies the public access to crucial information about the government’s extrajudicial killing of US citizens and also effectively green-lights its practice of making selective and self-serving disclosures,” Jameel writes. “As the judge acknowledges, the targeted killing program raises profound questions about the appropriate limits on government power in our constitutional democracy. The public has a right to know more about the circumstances in which the government believes it can lawfully kill people, including US citizens, who are far from any battlefield and have never been charged with a crime.”
The ACLU says they plan to appeal Judge McMahon’s decision and are currently awaiting news regarding a separate lawsuit filed alongside the Center for Constitutional Rights that directly challenges the constitutionality of the targeted kills.
“The government has argued that case should also be dismissed,” the ACLU notes.
In a Wednesday afternoon statement from the Times, assistant general counsel David McCraw says the paper will appeal the ruling as well.
“We began this litigation because we believed our readers deserved to know more about the US government’s legal position on the use of targeted killings against persons having ties to terrorism, including US citizens,” McCraw says.
Although she ruled against the plaintiffs, Judge McMahon, says McCraw, explained “eloquently … why in a democracy the government should be addressing those questions openly and fully.”
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A matter of shared sacrifice
By Charles Davis | False Dichotomy | December 31, 2012
Speaking to The Middle Class today, Barack Obama made a promise, pledging not to pursue spending cuts “that will hurt seniors, or hurt students, or hurt middle- class families.” Such is the state of liberal politics today: the most our recently reelected progressive president is willing to offer his supporters is a pledge not to actively harm them.
Of course, being the head of an empire that feeds on death and consumer debt, the president didn’t even really offer that. Instead, the sentence containing his grand promise continued, clarifying that Obama only meant he wouldn’t harm the middle class “without asking also equivalent sacrifice from millionaires or companies with a lot of lobbyists, et cetera.”
“[I]t’s going to have to be a matter of shared sacrifice,” he added.
So, in exchange for cutting your grandmother’s already inadequate Social Security, a Fortune 500 CEO will — no, let’s go with “may” — be bumped up to a higher tax rate, which could require as many as two to three additional billable hours for their accountant to successfully evade. No one, least of all our secretly Marxist commander in chief, will point out how the middle (and lower) class already sacrifices its claim to the country’s abundant resources to the capitalist class, which the state grants monopoly privileges over what ought to be our shared abundance.
Seems about right.
Federal Judge Slams Obama Administration for Trying to Dismiss No-Fly List Case in Secret
By Noel Brinkerhoff | AllGov | December 26, 2012
The Obama administration was admonished by a federal judge recently for attempting to get a lawsuit involving the anti-terrorism no-fly list dismissed using secret information.
Rahinah Ibrahim, a citizen of Malaysia who earned a Ph.D. in construction engineering and management at Stanford University, sued the U.S. government after she was prevented from flying out of San Francisco International Airport in January 2005. Transportation Security Administration (TSA) authorities informed Ibrahim that her name was on the special list that denies those suspected of terrorist ties from flying on commercial airliners.
She was arrested, handcuffed, and placed in a holding cell for two hours, but eventually told she could go. She was also told that her name was removed from the no-fly list.
The next day, however, Ibrahim learned her name had not been removed from the list. Nevertheless, TSA officials allowed her to board her flight for Malaysia. Her visa was revoked and she was denied reentry into the U.S.
Her lawsuit has slowly made its way through the federal courts. The government has tried more than once to have the litigation thrown out, claiming Ibrahim lacked the legal standing to pursue her case.
Earlier this year, the Ninth Circuit Court of Appeals said Ibrahim had the right to continue her legal fight. Still, government attorneys tried again to derail the case, this time by submitting confidential records for the judge to review, but not for Ibrahim’s legal defense to see.
Judge William Alsup objected to the government’s tactic. He wrote: “Here the government seeks to affirmatively use allegedly privileged information to dispose of the case entirely without ever revealing to the other side what its secret evidence might be.”
“In sum, only in the rarest of circumstances should a district judge, in his or her discretion, receive an ex parte argument and evidence in secret from only one side aimed at winning or ending a case over the objection of the other side,” Alsup added. “Here, the government has not justified its sweeping proposal. It has gone so far as even to redact from its table of authorities some of the reported case law on which it relies! This is too hard to swallow.”
Ibrahim is currently dean of the Faculty of Design and Architecture at Universiti Putra Malaysia.
To Learn More:
Feds Blasted for Trying Dismiss Case in Secret ( by Chris Marshall, Courthouse News Service )
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Obama’s Historic Assault on Social Security
A Black Agenda Radio commentary by Glen Ford | December 19, 2012
President Obama and his Republican partners in austerity have choreographed a kind of bi-partisan ballet, in which the dancers reach out to each other in slow motion, their fingers almost touching, teasing the audience. These cheap and transparent theatrics are designed to transmit a soap opera-like sense of drama: “Can the two parties come to a compromise for the sake of the country?” But, the fact is, Obama and the Republicans reached most of their grand bargain more than a year ago, when they slashed $1.7 trillion out of domestic spending over a decade. As liberal Obamite Robert Kuttner, of Demos, points out, there’s very little left to cut except Medicare and Social Security.
Social Security has always been Obama’s Great White Whale; he’s conspired with Republicans and right-wing Democrats to harpoon the mother of all New Deal programs since the very start of his presidency. But Social Security is not an easy mark. George Bush found that out in his second term, when he suffered his worst domestic defeat in attempting to privatize the program.
It would take a Black Democrat, fresh from a near-landslide election, to put Social Security on the chopping block, as Obama did in January of 2009. But before he could move in for the kill, Obama and his allies had to convince the public that Social Security is a major contributor to the federal budget deficit – which is a lie. Social Security runs on its own stream of revenues that go into the Social Security Trust Fund, totally separate from general taxation and debt. However, by endless repetition of the Big Lie – that Social Security adds to the federal deficit – Obama and other corporate Democrats and Republicans succeeded in maneuvering the program into the austerity debate, where it does not belong.
At this point it must be said that Obama’s insistence on making Social Security a budget deficit issue shows that he has always intended to make drastic cuts to the program. One of the reasons Social Security has long been thought of as “untouchable” is because President Franklin Roosevelt and his New Deal Democrats purposely insulated it from the conventional budget process. However, President Obama has largely neutered Social Security’s traditional congressional defenders, who know perfectly well what their president is up to, but will not directly oppose him. That’s why we at Black Agenda Report call Obama “the more effective evil”; he can accomplish what Republicans only dream about.
Obama’s scheme to cripple Social Security is to change the way inflation is measured, resulting in a drastic scale-back in cost-of-living increases in recipients. According to Dean Baker, of the Center for Economic and Policy Research, the cuts would amount to 3 percent over 10 years, 6 percent over 20 years, and 9 percent over 30 years. In dollar terms, Black Minneapolis Congressman Keith Ellison says retirees would lose $6,000 in the first 15 years of cuts and $16,000 over 25 years.
And that’s just the beginning. Once the untouchability of Social Security has been breached, it becomes just another social program to be carved up on austerity chopping blocks. President Obama’s true legacy will be to have begun the destruction of the crown jewel of what’s left of the nation’s social safety net.
Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.
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Remember All the Children, Mr. President
America’s Selective Grief
By BILL QUIGLEY | CounterPunch | December 18, 2012
Remember the 20 children who died in Newton Connecticut.
Remember the 35 children who died in Gaza this month from Israeli bombardments.
Remember the 168 children who have been killed by US drone attacks in Pakistan since 2006.
Remember the 231 children killed in Afghanistan in the first 6 months of this year.
Remember the 400 other children in the US under the age of 15 who die from gunshot wounds each year.
Remember the 921 children killed by US air strikes against insurgents in Iraq.
Remember the 1,770 US children who die each year from child abuse and maltreatment.
Remember the 16,000 children who die each day around the world from hunger.
These tragedies must end.
Bill Quigley is a human rights lawyer and law professor at Loyola University New Orleans and Associate Director of the Center for Constitutional Rights. You can reach Bill at quigley77@gmail.com
Obama’s War on Syria and its Implications
By SHAMUS COOKE | December 17, 2012
The Obama administration has already declared war on Syria, even if it isn’t “official” yet. Consider the facts, all of them acts of war: The U.S. now recognizes a group of Syrian exiles to be the official government of Syria; the U.S. is providing direct support for rebels attacking the government; the U.S. has coordinated with NATO to place advanced missile systems — and 400 U.S. troops — on Syria’s border with Turkey; Obama has drawn a “red line” that, if Syria crosses, would result in U.S. direct military intervention. If any other country made similar moves toward the U.S., there would be no question that war had been declared.
All the strategic steps that led to the Iraq war are being repeated. Obama has assembled a Bush-style international “coalition of the willing” of nations to topple the Syrian government; 130 countries have put their names on paper in support of toppling the Assad government.
In reality, however, the core of the group is the U.S./Europe NATO alliance and the Gulf monarchies. The rest of the “coalition” are economic and political satellites of these main groups, who would sign onto to any military adventure that the rich nations demanded of them, since otherwise the poorer nations would have their military, financial, or political aid frozen.
Europe’s increased lust for blood is a relatively new phenomenon; the European divisions that erupted during the Iraq war and then the Libyan invasion seem to have been smoothed over. Now even Germany aims to directly join the war efforts, intending to send missiles and troops to the Turkish border as well.
But NATO is still a U.S.-dominated military alliance. Any NATO military action is in reality a U.S. led effort, since the European armies are miniscule in comparison, and lack much of the technological sophistication of U.S. weaponry. The advanced Russian missile systems that Syria is equipped with demand a direct U.S. military role to neutralize.
Like Bush, Obama is using his coalition of the willing to distract from the fact that he is circumventing the UN, and thus bringing the post WWII system of international conflict resolution — already on life support — closer to death.
Also like Bush, Obama strategically exploited the UN to weaken Syria with sanctions, and when further UN action was not possible — because of the objections of China and Russia —Obama threw aside the UN and opted for NATO, a U.S./European military alliance built specifically as a deterrent to the now-defunct Soviet Union.
Again like Bush, Obama has crafted a false motive for war. Obama has stolen Bush’s “weapons of mass destruction” but substituted “the use of chemical weapons” as a bogeyman worthy of military intervention. Obama’s bogeyman is as false as Bush’s was. The New York Times reports:
“…the effect of that statement [that Syria was planning to use chemical weapons] was somewhat undercut when France’s foreign minister, Laurent Fabius, asserted during a news conference that such reports were unconfirmed.”
This lack of confirmation hasn’t bothered the U.S. media, who remain content repeating as truth any report issued by U.S. intelligence, no matter the past lies that have cost countless deaths in Iraq and elsewhere.
Of course the U.S. government has zero legitimacy to hand pick a “replacement” government for Syria, since the U.S. is universally hated in the region after the destruction of Iraq, Afghanistan, Libya, and the ongoing drone wars against Pakistan and Yemen. No sane Syrian would invite the U.S. government to “liberate” their country. In fact, a coalition of Syrian opposition groups inside of Syria, the National Coordination Committee (NCC) — virtually ignored by the U.S. media — opposes military intervention, demanding the conflict be addressed through political means. A leader of the NCC is Hassan Abdul Azim, who correctly states: “We refuse on principle any type of military foreign intervention because it threatens the freedom of our country.”
Another prominent ongoing lie repeated by U.S. politicians and media is that the Syrian government is on the verge of collapse. This lie is effective in that it creates an urgency to “take action.” It also paints a picture of the conflict coming to an end that resonates well with Americans. The reality is that the Syrian western-backed rebels have staged daring high-profile attacks that have been largely repulsed by government counter-attacks. But in each instance the U.S. government has used these attacks as an excuse to ratchet up their support to the rebels and now to place U.S. missiles and troops on Syria’s border. Of course if the Syrian government does fall, Obama has absolutely no plan on how to “stabilize” the country, since the most effective rebel fighting force — the Al-Nusra Front — has been labeled a terrorist organization by the U.S. government. Obama and his NATO and Gulf monarchy allies have created an extremely unstable situation in Syria. They have already torn the Syrian social fabric to shreds with their support of the rebels, but in so doing they’ve pushed many Syrians closer to supporting their government, who they see as a protector against the rebels that have used large scale ethnic-religious cleansing and other war crimes to subdue the population.
Thus, the Syrian government still retains a popular base, ensuring that the already bloody catastrophe will continue with no end in sight, especially since Obama has “regime change” as his goal and is encircling the country with missiles and U.S. and European troops. Iran and Russia will continue to bolster the Syrian government. Under these tense conditions a broader war can break out any moment. The U.S. can claim that the Syrian government is about to employ chemical weapons as an excuse to directly intervene. Or perhaps Turkey — a NATO member — will claim that Syria fired missiles into its territory, and thus Obama will act to “defend” its ally. When war “officially” breaks out, Iran might then increase its direct support for the Syrian government with troops —funneled through Iraq — giving the U.S. another excuse to “defend” itself, and pushing the conflict into Iran. Hezbollah in Lebanon or Israel may intervene too, since both have a direct interest in the outcome of the Syrian conflict. Any number of scenarios could play out that drag other nations into the war, including Russia, who is already supporting the Syrian government. Many of these scenarios have already begun on the proxy level and need only a shove to ensure they explode into a full-scale regional war.A nation under attack creates a feeding frenzy logic from those countries looking to opportunistically exploit the situation. This proxy war in Syria is on the brink of a much larger disaster, with the potential to annihilate the Middle East through a new round of war and barbarism.
Shamus Cooke can be reached at shamuscooke@gmail.com
Obama JOBS Act Helped Big Companies Avoid Transparency
By Noel Brinkerhoff, David Wallechinsky| AllGov | December 16, 2012
Legislation that was supposed to help smaller companies go public has aided larger firms to keep financial data out of the hands of investors.
The “Jumpstart Our Business Startups Act” (or JOBS Act) was promoted by President Barack Obama as a way to assist small businesses in their efforts to raise money through IPOs (stock market launches).
The same legislation, though, made it possible for larger companies (those earning less than $1 billion a year) to dodge reporting details about executive compensation and financial histories to the Securities and Exchange Commission.
Companies also can delay disclosing their plans to go public until just before the big day, under the JOBS Act.
“In effect, it means the press and potential investors have less time to comb through financial information, as well as less information to examine,” wrote James Temple in the San Francisco Chronicle.
The abuse of the law should not come as a surprise. At the time that the JOBS Act passed through Congress, Democratic Senator Carl Levin of Michigan warned, “We are about to embark upon the most sweeping deregulatory effort and assault on investor protection in decades.… It will allow vast new opportunities for fraud and abuse in capital markets.”
Meanwhile, the new law, which was adopted in April, hasn’t done much to boost the numbers for IPOs, according to Ernst & Young. This year, 130 companies raised $45 billion on U.S. exchanges, compared to 124 businesses and $40 billion in 2011.
The JOBS Act was the “brainchild” of the President’s Council on Jobs and Competitiveness, which is headed by General Electric CEO Jeffrey Immelt and, at the time the JOBS Act was proposed, consisted of 18 corporate CEOs and investment executives, two academics and two labor leaders.
Banking on Criminality: Drug Money and the Above-the-Law Global Banking Cartel
By Andrew Gavin Marshall | December 13, 2012
In what the New York Times declared as a “dark day for the rule of law” on December 11, 2012, HSBC, the world’s second largest bank, failed to be indicted for extensive criminal activities in laundering money to and from regimes under sanctions, Mexican drug cartels, and terrorist organizations (including al-Qaeda). While admitting culpability, and with guilt assured, state and federal authorities in the United States decided not to indict the bank “over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.” Instead, HSBC agreed to pay a $1.92 billion settlement.
The fear was that an indictment would be a “death sentence” for HSBC. The U.S. Justice Department, which was prosecuting the case, was told by the U.S. Treasury Department and the Federal Reserve that taking such an “aggressive stance” against HSBC could have negative effects upon the economy. Instead, the bank was to forfeit $1.2 billion and pay $700 million in fines on top of that for violating the Bank Secrecy Act and the Trading with the Enemy Act. In a statement, HSBC’s CEO stated, “We accept responsibility for our past mistakes… We are committed to protecting the integrity of the global financial system. To this end, we will continue to work closely with governments and regulators around the world.” With more than $7 billion in Mexican drug cartel money laundered through HSBC alone, the fine amounts to a slap on the wrist, no more than a cost-benefit analysis of doing business: if the ‘cost’ of laundering billions in drug money is less than the ‘benefit,’ the policy will continue.
As part of the settlement, not one banker at HSBC was to be charged in the case. The New York Times acknowledged that, “the government has bought into the notion that too big to fail is too big to jail.” HSBC joins a list of some of the world’s other largest banks in paying fines for criminal activities, including Credit Suisse, Lloyds, ABN Amro and ING, among others. The U.S. Assistant Attorney General Lanny A. Breuer referred to the settlement as an example of HSBC “being held accountable for stunning failures of oversight.” Lanny Breuer, who heads the Justice Department’s criminal division, which was responsible for prosecuting the case against HSBC, was previously a partner at a law firm (along with the U.S. Attorney General Eric Holder) where they represented a number of major banks and other conglomerates in cases dealing with foreclosure fraud. While Breuer and Holder were partners at Covington & Burling, the firm represented notable clients such as Bank of America, Citigroup, JP Morgan Chase and Wells Fargo, among others. It seems that at the Justice Department, they continue to have the same job: protecting the major banks from being persecuted for criminal behaviour.
With a great deal of focus on the $1.9 billion in fines being paid out by HSBC, little mention was made of the fact that HSBC had roughly $2.5 trillion in assets, and earned $22 billion in profits in 2011. But not to worry, HSBC’s executive said that they “accept responsibility for our past mistakes,” and added: “We have said we are profoundly sorry for them, and we do so again.” So not only did the executives of the world’s second largest bank apologize for laundering billions in drug money (along with other crimes), but they apologized… again. Thus, they pay a comparably small fine and face no criminal charges. I wonder if a crack dealer from a ghetto in the United States could avoid criminal prosecution if he were to apologize not once, but twice. Actually, we don’t have to wonder. In May of 2012, as HSBC executives were testifying before the U.S. Senate in Washington D.C., admitting their role in drug money laundering, a poor black man was convicted of peddling 5.5 grams of crack cocaine just across the river from the U.S. Capitol building, and he was given 10 years in prison.
Back in August the bank stated that they had put aside $700 million to pay fines for illegal activities, which conveniently was the exact amount they were fined by the U.S. Justice Department (not including the forfeiture of profits). Lanny Breuer declared the settlement to be “a very just, very real and very powerful result.” Indeed, one could agree that the results are “powerful” and “very real,” in that they provide a legal state-sanctioned decision that big banks will not be prosecuted for their vast criminal activities, precisely because they are big banks. The “very real” result of this is that we can guarantee that such criminal behaviour will continue, since the banks will continue to be protected by the state. With news of the settlement, HSBC’s market share price rose by 2.8%, a clear sign that “financial markets” also reward criminal behaviour and the “pervasively polluted” culture at HSBC (in the words of the U.S. Senate report).
Jack Blum, a Washington attorney and former special counsel for the Senate Foreign Relations Committee who specializes in money laundering and financial crimes stated that, “If these people aren’t prosecuted, who will be?” He further asked: “What do you have to do to be prosecuted? They have crossed every bright line in bank compliance. When is there an offense that’s bad enough for a big bank to be prosecuted?” But the Justice Department’s Lanny Breuer explained that his department had to consider “the collateral consequences” of prosecutions: “If you prosecute one of the largest banks in the world, do you risk that people will lose their jobs, other financial institutions and other parties will leave the bank, and there will be some kind of event in the world economy?”
In other words, the U.S. Justice Department decided that big banks are above the law, because if they weren’t, there would be severe consequences for the financial system. And this is not just good news for HSBC, the “favourite” bank of Mexican drug cartels (according to Bloomberg), but it’s good news for all banks. After all, HSBC is not the only bank engaged in laundering drug money and other illegal activities. Back in 2010, Wachovia (now part of Wells Fargo) paid roughly $160 million in fines for laundering some $378.4 billion in drug money. Drug money has also been found to be laundered through other major financial institutions, including Bank of America, Banco Santander, Citigroup, and the banking branch of American Express. Nearly all of the world’s largest banks have been or are currently being investigated for other crimes, including rigging interest rates (in what’s known as the Libor scandal), and other forms of fraud. Among the banks being investigated for criminal activity by U.S. prosecutors are Barclays, Deutsche Bank, Citigroup, JP Morgan Chase, Royal Bank of Scotland, UBS, Bank of America, Bank of Tokyo Mitsubishi, Credit Suisse, Lloyds, Rabobank, Royal Bank of Canada, and Société Générale, among others. Regulators and investigators of the Libor scandal – “the biggest financial scandal ever” – report that the world’s largest banks engage in “organized fraud” and function like a “cartel” or “mafia.”
The pervasive criminality of this “international cartel” is so consistent that one commentator with the Guardian has referred to global banks as “the financial services wing of the drug cartels.” But indeed, where could be a better place for drug cartels to deposit their profits than with a financial cartel? And why would banks give up their pivotal role in the global drug trade? While the pharmaceutical drug industry records annual revenues in the hundreds of billions of dollars (which is nothing to ignore), the global trade in illicit drugs, according to the United Nations Office on Drugs and Crime, amounted to roughly 2.3-5.5% of global GDP, around $2.1 trillion (U.S.) in 2009. That same year, the same United Nations office reported that billions of dollars in drug money saved the major global banks during the financial crisis, as “the only liquid investment capital” pouring into banks. Roughly $325 billion in drug money was absorbed by the financial system in 2009. It is in the interest of banks to continue profiting off of the global drug trade, and now they have been given a full green light by the Obama administration to continue.
Welcome to the world of financial criminality, the “international cartel” of drug money banks and their political protectors. These banks not only launder billions in drug money, finance terrorists and commit massive fraud, but they create massive financial and economic crises, and then our governments give them trillions of dollars in bailouts, again rewarding them for creating crises and committing criminal acts. On top of that, we, the people, are handed the bill for the bailouts and have to pay for them through reduced standards of living by being punished into poverty through ‘austerity measures’ and have our labour, resources, and societies exploited through ‘structural reform’ policies. These criminal banks dominate the global economy, and dictate policies to national political oligarchies. Their greed, power, and parasitic nature knows no bounds.
The fact that the Justice Department refused to prosecute HSBC because of the effects it could have on the financial system should be a clear sign that the financial system does not function for the benefit of people and society as a whole, and thus, that it needs to be dramatically changed, cartels need to be destroyed, banks broken up, criminal behaviour punished (not rewarded), and that people should dictate the policies of society, not a small network of international criminal cartel banks.
But then, that would be rational, so naturally it’s not even up for discussion.
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In 2014, Michael Parenti Wrote A Prophetic Article About Ukraine
The Dissident | January 28, 2026
This week, the influential left-wing scholar Michael Parenti passed away at the age of 92.
Parenti was well known for his sharp criticism of U.S. foreign policy and U.S. imperialism throughout his life, waking up many to the reality of it and the lies used to justify it.
This is best underscored in one of his last published articles, “Ukraine and Regime Change”, which was published in the book “Flashpoint In Ukraine: How the U.S. Drive for Hegemony Risks World War III”, where he predicted to a tee what the result of the 2014 U.S. backed coup in Ukraine would be. … continue
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- Security Guarantees Supported by Russia Agreed on in Istanbul in 2022 – Lavrov
- Russian oil major agrees sale of foreign assets to US firm
- European Union Sanctions Russian Journalists and Artists
- If Americans Knew
- Playful Post on Tel Aviv Park Omits That It Was Built on Ruins of Palestinian Neighborhood
- Palestinian developer gains massive user support for app challenging censorship claims criticising US and Israel after losing over 60 relatives in Gaza
- Gaza’s ‘Board of Peace’ – A New Phase of Palestinian Dispossession and Genocide
- Mike Huckabee is interfering with the work and witness of churches in the Holy Land with a goal of silencing Palestinian Christians
- “Hey ChatGPT, is Israel building a concentration camp?” (spoiler: yes) – Not a ceasefire Day 111
- “The Gaza ceasefire is a minefield” – Not a ceasefire Day 110
- Israel to seek new security deal from US, official says
- Leaked “Board of Peace” Resolution Outlines U.S.-Led Plan to Rule Over Gaza
- Jonathan Greenblatt Rolls Out Plan to Activate Hispanic Evangelical Golems
- Violence against hundreds of Gazan remains to find one Israeli – Not a ceasefire Day 109
- No Tricks Zone
- 130 Years Later: The CO2 Greenhouse Effect Is Still Only An Imaginary-World Thought Experiment
- New Study Affirms Rising CO2’s Greening Impact Across India – A Region With No Net Warming In 75 Years
- Germany’s Natural Gas Crisis Escalates … One Storage Site Near Empty …Government Silent
- Polar Colding…Antarctica Saw Its Coldest October In 44 Years!
- New Study: Sea Levels Rose 20 Times The Modern Rate During The Roman Warm Period
- As German Gas Storage Dips Dangerously Low…Shortage Hardly Avoidable
- New Study: Brazil’s Relative Sea Level Was 2+ Meters Higher And SSTs 3-4°C Warmer 6000 Years Ago
- Philosopher Schopenhauer: Climate Science Certainty Stems From Stupidity, Ignorance
- New Study: Species Extinction Rates Declining Since 1980 – ‘Climate Change Is Not An Important Threat’
- Denmark Places Climate Protection Above Animal Welfare, Poisoning And Culling Cows
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