Only a few days have passed since its release, and already the Mainstream Media has forgotten all about the Lehman Examiner Report, with barely an occasional mention. As the CJR points out, this unquestionably massive story of corruption and vice, is being covered up by powered interests controlling all the major news outlets, because just like in the Galleon case, the stench goes not only to the top, (in this case the New York Fed and the SEC), but very likely to various corporations that have vested interests in the conglomerates controlling America’s key media organizations.
I think that ZH is right and I think that I can see a strategy here. Part of this cover up is Michael Kaufmann’s newest book which was introduced on CBS 60 (see here for details). It was obvious to me that the whole CBS show was nothing but a sales pitch for the book the goal being to get the books message across that this whole finanical crisis was somehow based on key people not getting it and being delusional about their worth.
Well, yeah sure. The world’s best and brightest, as they are commonly refered to (by themselves, mostly) with Nobel laureates among them all did not know what was going on. How credible is that? If you believe that, then just tell me what the huge bonuses were for.
This is one attempt to deflect attention and the public’s anger from the US elite, but that’s not the only one.
All of a sudden Paul Krugman comes out in the NYT wanting to play hardball with China. According to ZH, 130 Congressmen joined Dr. Krugman in demanding that the US Treasury take action against the Chinese manipulation of the Yuan (aka Renminbi).
As I wrote in a post yesterday, in a post:
First, lets note that this sort of verbal sabre rattling is actually good for business, at least if you are in the business of selling arms. According to a SIPRI fact sheet, the largest exporters of arms are the US and Russia, by far. They are followed by Germany and France. In all, Europe, Russia and the US make up 88% the suppliers. China is only 2%.
So, who, then profits from such “news”? The arms manufacturers, obviously. Which in turn means jobs in the respective countries. After all, we are talking here about people who manipulate the market for a living, so it would not be surprising, if these news were manipulated as well.
Besides, I don’t think the PRCs elite and the US elite have any major disagreements. They share the same ideology – corporatism – and are dominated by the same personality types.
Second, the PRC, or rather the communist corporatist party of China, is in a bind. Being a single party dictatorship, there is, obviously, no alternative this one party. That means, it must succeed at all costs otherwise, it will lose power and turmoil will result.
Now, this party promised to make the lives of the Chinese population better. If the party doesn’t succeed in doing that, it will be considered a failure by the Chinese population (or a part thereof). Since China does not have an alternative to the party, this might spell trouble for the Chinese elite – they might lose power and influence, something they would try to avoid at all costs? We will see.
If that analyis is correct than Dr. Krugman’s can only be another attempt at diversion to deflect the publics anger away from the elites. Keep in mind, in a conflict both the US and Chinese elites would lose most if not all of their power base.
Ok, so let’s see how many people fall for that diversion and how many get it. Make no mistake, I think this is a very dangerous situation. In case the public should not ‘take the right colored pill’ and turn on the elites, then the next steps could well be war with Iran.
I have been wondering for a while why all those additional troops in Afghanistan were needed, certainly not for the Taliban. The threat the Taliban are posing may well be hyped as a pretext to be able to beef up troop presence in Afghanistan. See this post on Think Progress.
That would correspond with the following article about the siege and taking of the noexistent city of Marjeh in Afghanistan. The article originally appeared on Alternet and I also wrote on it. Turns out Marjeh is not a city at all, the campaign looks more like a field exercise than a siege of a city.
Another hint that something may be going on, we can get from several resources in the newsmedia. For example there is the Brzezinski interview in the Wall Street Journal, then there is the Netanyahu remarks that ‘a war against Iran was not being planned’ and, of course the recent alleged rift between Israel and the US.
This might all be part of a deception campaing and thus the denials in all these – and there are more – recent pieces might mean the exact opposite.
Well, and if that’ is not enough to cow the US population, than you always the ‘martial law’ option.
This is getting way to scary, and I am really glad, that I am not in the United States or a citizen thereof, and if I were there I would leave now.
But of course, this all is just guessing and conjecture on my part. I am sure I am way to pessimistic here.