ON THIS DAY: June 20, 2017

June 20th is

American Eagle Day *

Kouign Amann Day *

Lambrusco Wine Day

Vanilla Milkshake Day

World Refugee Day *

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#TrumpRussia’s Money-Laundering, Politically Exposed Persons include … Trump?

By ann summers

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“What does count as suspicious behaviour, however, is the White House’s response to the public’s legitimate interest in a political appointee’s previous job, which involved significant dealings with Russia in a context of financial risk. The White House has been accused of blocking details about Wilbur Ross’s engagement with the Bank of Cyprus and its Russian investors, thus warranting the question of why. Is this simply a power play, or are they seeking to hiding any other information that might be divulged as a result? The Trump administration’s tactics on this will be interesting to watch.”

Capitalism with a crony’s face … layered onto a number of intersecting social, financial, and data networks.

This vile paper-money and funding system; this system of Dutch descent, begotten by Bishop Burnet and born in hell; this system has turned everything into a gamble. There are hundreds of men who live by being the agents to carry on gambling… many of the gamblers live in the country; they write up to their gambling agent, whom they call their stockbroker; he gambles according to their order; and they receive the profit or stand to the loss. Is it possible to conceive a viler calling than that of an agent for the carrying on of gambling! And yet the vagabonds call themselves gentlemen.

William Cobbett, Rural Rides 1830

How often can one think that money laundering has no labor effects because it is the accumulated finance capital surplus being transformed and exploited.

Similarly the machinations of finance capitalism manifest themselves in indulgences like yacht racing, where there is no real relation to the sponsors from vast global neocapitalism selling fossil fuel, upscale automobiles, and computer software.

And yet there are major national elements at work representing North/South and the 1% / 99%. Now one can see how they affect significant geopolitical and demographic change as state capitalism in the post-soviet period has evolved into kleptocratic crony capitalism.

What’s more galling is how US ruling class clowns have paraded exploitation as a mass spectacle complete with security theater, demonizing immigration, the arts, and race/class/gender differences.

Debt peonage arising from the dislocating taxes from land rent and monopoly rents is a key to the current crises of social division.


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The International Regulation of Money Laundering
Mónica Serrano and Paul Kenny
Global Governance Vol. 9, No. 4 (Oct.–Dec. 2003), pp. 433-439


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In keeping with his materialist view of history, Marx expected banking to be subordinated to the needs of industrial capitalism. Equity investment – followed by public ownership of the means of production under socialism – seemed likely to replace the interest-extracting “usury capital” inherited from antiquity and feudal times: debts mounting up at compound interest in excess of the means to pay, culminating in crises marked by bank runs and property foreclosures.

But as matters have turned out, the rentier interests mounted a Counter-Enlightenment to undermine the reforms that promised to liberate society from special privilege.

Instead of promoting capital investment in an alliance with industry and government, financial planners have sponsored a travesty of free markets.

Realizing that income not taxed is free to be capitalized, bought and sold on credit, and paid out as interest, bankers have formed an alliance between finance, insurance and real estate (FIRE) to free land rent and monopoly rent (as well as debt-leveraged “capital” gains) from taxation.

The result is that today’s economy is burdened with property and financial claims that Marx and other critics deemed “fictitious” – a proliferation of financial overhead in the form of interest and dividends, fees and commissions, exorbitant management salaries, bonuses and stock options, and “capital” gains (mainly debt-leveraged land-price gains). And to cap matters, new financial modes of exploiting labor have been innovated, headed by pension-fund capitalism and privatization of Social Security. As economic planning has passed from government to the financial sector, the alternative to public price regulation and progressive taxation is debt peonage.

Michael Hudson

www.tandfonline.com/…


The US ambassador to Qatar has stepped down after posting critical tweets about Donald Trump‘s administration after he fired FBI Director Comey.

The President claimed foreign leaders had singled the country out for funding “radical ideology”, prompting criticism over his failure to address similar allegations leveled at his Saudi allies.

Ms Smith – who was appointed as the head diplomat in Doha by former President Barack Obama three years ago – has since tweeted that “Qatar is a strong partner in combating terrorist financing”, contradicting the US President’s public claims that the country is “a funder of terrorism at a very high level”…

Egypt has long thought Qatar’s support of Islamist groups Muslim Brotherhood was dangerous for their country.

Saudi Arabia also re-ignited tensions over Doha’s alleged support for Iran, which they claim could act to destabilise the region.


Qatar

Trump has stakes in four companies that appear to be tied in business in the desert nation. The country’s state-owned carrier, Qatar Airways, has leased an office in Manhattan’s Trump Tower since 2008. Ivanka Trump told Hotelier Middle East in 2015 that the Trump Hotel Collection was eyeing opportunities in Qatar. Back to map.

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Saudi Arabia

Shortly after his presidential campaign got underway, according to his financial disclosures, Trump registered eight companies that could be related to a development project in Jeddah, Saudi Arabia’s second-biggest city. “Saudi Arabia, I get along great with all of them. They buy apartments from me,” Trump said at a campaign rally. Four of the eight companies have since dissolved. In February 2016, Trump said Saudi Arabia “blew up the World Trade Center.” (Fifteen of the Sept. 11 hijackers were Saudi citizens.) Saudi Prince Alwaleed bin Talal Alsaud reminded Trump on Twitter that he had helped “bail” him out in the past; according to the New York Times, the prince agreed to take majority control of New York’s Plaza Hotel when Trump faced financial upheaval in the 1990s and also bought a Trump yacht when the President-elect’s Atlantic City casinos were struggling. Back to map.

time.com/…

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Money has no hygienic meaning even though there is dirty/clean money. Money laundering regulation involves banks in competitive cost-benefit strategies

There are regulatory mechanisms that in their political economy distinguish between criminal organizations, terrorist entities, and “normal” finance with a variety of agencies signaling violations.

More interesting in the case of the Gulf states are claims of terrorism and non-terrorism. The Trump Qatar accusations are actually a diversion from examining money laundering for things other than terrorism and other capital gains.

In the #TrumpRussia context, the intersection of financial laundering and demographic data laundering came together in a variety of media applications including the targeting of audiences as well as critical voting districts.

The prosecution of individuals leveraging influence in the #TrumpRussia can be layered over the overt/covert active measures, and layered over the capitalist social networks that laundered data.


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Hooverville NYC

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Two protesters disrupted a production of Julius Caesar during New York City’s “Shakespeare in the Park” Friday, with one storming the stage during the play’s climactic assassination scene. The stage-crasher… burst onto the platform yelling, “Stop the normalization of political violence against the right! This is unacceptable!” before being removed by security.

Moments later, a second protester … stood up in the crowd and gestured, screaming: “You are all Goebbels! You are all Nazis like Joseph Goebbels… you are inciting terrorists,” likening the audience to the Nazi propaganda minister who aided Adolf Hitler.

The Public Theater’s latest production of the Shakespearean classic has prompted social media protests and led to the withdrawal of two corporate sponsors — Bank of America and Delta Airlines.

But defenders of the Public Theater’s Julius Caesar have argued that critics are missing the point. They say that it does not incite violence … but rather explores the consequences of using totalitarian methods to protect democracy

In Trump’s case he had a preexisting relationship with Russians who only coincidentally in the 2007 prosecution of Bayrock, revealed the money laundering that is ubiquitous — in such financial capital transactions.

Finally, the role of legal/illegal banking operations especially in tax havens can be layered onto the 2016 election just as one observes the relation between individuals bridging the GOP and Russian actors.

The strangeness of fictitious capital as fiction have come in its most epiphenomenal realms, like the withdrawal of corporate sponsorship of NYC’s Public Theater because of the purported costume blasphemy of god-emperor Trump in Shakespeare’s Julius Caesar.

Such spectacular noise near the original historical sites of Hoovervilles … the ultimate problem of rentier economies.

Politically exposed and expressed, our reality show Donald …


Posted in 2016 Election, American History, Celebrity, Foreign Policy, Government, History, Jurisprudence, Media, Political Science, Politics, Presidential Elections, RNC, Saudi Arabia, Society, United States | Tagged , , , , , | 1 Comment

ON THIS DAY: June 19, 2017

June 19th is

Cherry Garcia Day *

Garfield the Cat Day *

National Watch Day

National Martini Day

Sauntering Day *

World Sickle Cell Day *

International Day for the Elimination of Sexual Violence in Conflict *
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TCS: Thoreau and the Art of the Saunter

Good Morning!

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Welcome to The Coffee Shop, just for you early risers on Monday mornings. This is an Open Thread forum, so if you have an off-topic opinion burning a hole in your brainpan, feel free to add a comment.
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Walden Woods, photo by Sam Scholes

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ON THIS DAY: June 18, 2017

June 18th is

Autistic Pride Day *

Cheesemakers Day

Go Fishing Day

International Sushi Day *

International Picnic Day

. . . Happy Father’s Day!
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#TrumpRussia … POTUS45* scrutiny … about collusion

By ann summers

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HARRISBURG, PA - DECEMBER 19:   Scott Greges, 35, dressed as Joseph Stalin, holds a marionette puppet of Donald Trump, joining protestors demonstrating outside the Pennsylvania Capitol Building before electors arrive to cast their votes from the election at December 19, 2016 in Harrisburg, Pennsylvania.  Electors from all 50 states cast votes today in their respective state capitols.  Donald J. Trump won Pennsylvania by less than 1%, the first Republican to carry the state since George H. W. Bush 1992.  (Photo by Mark Makela/Getty Images)

If there’s “no proof”, then Agent Orange was the unwitting dupe of Russians among other Americans particularly in the light of his willingness to casually accommodate and even share code-word clearance information with them. Publicly urging them to subvert a political opponent does seem to transcend campaign rhetorical practice. And then there are the purity of lies about Russian private involvements contradicted publicly by his sons, officers of his private corporations.

If there is no proof, then why all the obstructing and firing … thousands of Russian bots in social media, then there’s the actual hacking … they can’t be wrong… and then there’s all those circumstantial events, cooperating entities, and GOP hearsay even, aside from what is now actual evidence believed by Congress from evidence in closed session. And then there’s the ordering the manufacturing of firing reasons, only to simultaneously deny and affirm those same reasons.

What did the intelligence agencies find?

The Central Intelligence Agency, the Federal Bureau of Investigation and the National Security Agency concluded in a report declassified in January that Russian President Vladimir Putin ordered a campaign not just to undermine confidence in the U.S. electoral system but to affect the outcome.

The agencies said Putin and the Russian government had a clear preference for Trump to win the White House. Putin’s associates hacked information, paid social media “trolls” and backed efforts by Russian government agencies and state-funded media to sway public opinion, the agencies said.

The report stopped short of assessing whether Russia succeeded in swaying the election result…

The Post reported the scope of the probe expanded to include Trump shortly after Comey’s dismissal, citing government officials.

BTW, Donnie, what is the so-called Fake News when you yourself produce it.

Speaking of fake news media … Lord Dampnut retweeted this …

Idiots, when you invoke the myth of a deep state you also contradict yourself because all media news organizations must therefore propagate “fake news” (fallacies abound)

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ON THIS DAY: June 17, 2017

June 17th is

Apple Strudel Day

Dollars Against Diabetes Day *

Eat Your Vegetables Day

World Juggling Day *

World Tessellation Day *

World Day to Combat Desertification and Drought *

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