June 20th is
American Eagle Day *
Kouign Amann Day *
Lambrusco Wine Day
Vanilla Milkshake Day
World Refugee Day *
American Eagle Day *
Kouign Amann Day *
Lambrusco Wine Day
Vanilla Milkshake Day
World Refugee Day *
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.
The International Regulation of Money Laundering
Mónica Serrano and Paul Kenny
Global Governance Vol. 9, No. 4 (Oct.–Dec. 2003), pp. 433-439
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.
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.
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.
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.
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.
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 …
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 *
Autistic Pride Day *
Go Fishing Day
International Sushi Day *
International Picnic Day
. . . Happy Father’s Day!
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.
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)
Apple Strudel Day
Dollars Against Diabetes Day *
Eat Your Vegetables Day
World Juggling Day *
World Tessellation Day *
World Day to Combat Desertification and Drought *