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Best of the Web: Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations

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The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. At this point, the entire Greek banking system is in danger of collapsing. If you had money in a Greek bank, why wouldn't you pull it out?

If Greece leaves the euro, all euros in Greek banks will likely be converted to drachmas, and the value of those drachmas will almost certainly decline dramatically. In fact, it has been estimated that Greek citizens could see the value of their bank accounts decline by up to 50 percent if Greece leaves the euro. So if you had money in a Greek bank, it would only make sense to withdraw it and move it to another country as quickly as possible.

And as the eurozone begins to unravel, this is a scenario that we are going to see play out in country after country. As member nations leave the eurozone, you would be a fool to have your euros in Italian banks or Spanish banks when you could have them in German banks instead. So the bank runs that are happening in Greece right now are only a preview of things to come. Before this crisis is over we are going to see bank runs happening all over Europe.

If Greece leaves the euro, the consequences are likely to be quite messy. Those that are promoting the idea that a "Grexit" can be done in an orderly fashion are not being particularly honest. The following is from a recent article in the Independent....

Comment: Nationalized Spanish Bank Plummets On News Of Bank Run


Light Saber

Best of the Web: Protect Yourself from Radiation: Take Vitamin C Daily, Take Responsibility For Yourselves

Fukushima Video by The Japanese College of Intravenous Therapy

The government of Japan has failed to protect its people and is hiding the dangers of radiation from Fukushima. There are options for radio-protection that have not been disclosed.

When people cannot avoid radioactive contamination, there are safe radioprotectants that can help prevent the damage.

Video in English and Japanese with subtitles.


Comment: Chernobyl: A Million Casualties


Cult

Best of the Web: Hillary's Terrorists: US about to delist a dangerous terror group

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On May 21, 1975, Col. Paul Shaffer, a military attachรฉ to the US mission in Iran, kissed his wife and two children goodbye, and entered a waiting car with his colleague, Lt. Col. Jack Turner, whose wife was getting their three children ready for school. It was the last time the families of these two US servicemen would see them alive.

As the Iranian driver pulled into a side street to avoid traffic a car blocked their passage and another car rammed them from behind. Three gunmen appeared and fired at the two Americans pointblank, killing them instantly: the three escaped in a third car, leaving a leaflet on the blood-drenched seat. The leaflet denounced "US imperialism" and bore the imprint of the Mujahedin-e-Khalq (MEK), or "People's Crusaders," a Marxist-Islamist group led by Massoud and Maryam Rajavi.

All in all, the MEK killed 6 Americans in Iran: Lt. Col. Louis Lee Hawkins, an Army comptroller, cut down by gunman in front of his Tehran home, and William Cottrell, Donald Smith, and Robert Krongard, all employees of Rockwell International. They wounded Air Force Gen. Harold L. Price, and tried and failed to kidnap the US ambassador, Douglas MacArthur II. After the Iranian Revolution, the MEK supported the takeover of the US embassy in Tehran, opposed the release of the diplomats - calling a mass demonstration in protest - and demanded their execution.

Light Saber

Best of the Web: US Judge Blocks Obama's Fascist NDAA Indefinite Detention Law

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© Unknown
Manhattan, New York - A federal judge granted a preliminary injunction late Wednesday to block provisions of the 2012 National Defense Authorization Act that would allow the military to indefinitely detain anyone it accuses of knowingly or unknowingly supporting terrorism.

Signed by President Barack Obama on New Year's Eve, the 565-page NDAA contains a short paragraph, in statute 1021, letting the military detain anyone it suspects "substantially supported" al-Qaida, the Taliban or "associated forces." The indefinite detention would supposedly last until "the end of hostilities."

In a 68-page ruling blocking this statute, U.S. District Judge Katherine Forrest agreed that the statute failed to "pass constitutional muster" because its broad language could be used to quash political dissent.

"There is a strong public interest in protecting rights guaranteed by the First Amendment," Forrest wrote. "There is also a strong public interest in ensuring that due process rights guaranteed by the Fifth Amendment are protected by ensuring that ordinary citizens are able to understand the scope of conduct that could subject them to indefinite military detention."

Weeks after Obama signed the law, Pulitzer Prize-winning journalist Chris Hedges filed a lawsuit against its so-called "Homeland Battlefield" provisions.Several prominent activists, scholars and politicians subsequently joined the suit, including Pentagon Papers whistle-blower Daniel Ellsberg; Massachusetts Institute of Technology professor Noam Chomsky; Icelandic parliamentarian Birgitta Jonsdottir; Kai Wargalla, an organizer from Occupy London; and Alexa O'Brien, an organizer for the New York-based activist group U.S. Day of Rage.

They call themselves the Freedom Seven.

In a signing statement, Obama contended that the language in Section 1021 "breaks no new ground" and merely restates the 2001 Authorization to Use Military Force (AUMF).

Government lawyers whistled the same tune to swat away the lawsuit, but they failed to convince the judge that no changes had been made.

"Section 1021 tries to do too much with too little - it lacks the minimal requirements of definition and scienter that could easily have been added, or could be added, to allow it to pass constitutional muster," Forrest wrote.

Light Saber

Best of the Web: Greeks withdraw $894 million in a day: Is this beginning of a run on banks?

Political leaders in Athens were due to discuss an emergency government Wednesday to deal with a possible run on banks as it emerged Greeks withdrew almost $900 million in a single day, fearing their country could crash out of the euro currency by the end of the week.

An interim government would take the country through to new elections on June 17, triggered by the collapse on Tuesday of talks to form a coalition between winners of the inconclusive May 6 election.

Greeks are withdrawing euros from banks, apparently afraid of the prospect of rapid devaluation if the country leaves the European single currency and returns to the drachma.

Comment: Despite the fear mongering promoted by the "experts" above, if Greece leaves the eurozone, though they will face difficulties initially, the possibility exists that the country and its people would reclaim their sovereignty eventually. The change in currency has nothing to do with the creation of totalitarian regimes, as a look at current international politics proves.


Bad Guys

Best of the Web: Perverted Justice: The Rise of Secret Trials in America

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One of the lasting challenges to America's federal judiciary will be addressing American complicity in the tortures and disappearances of the past ten years. Two recent appeals-court decisions show us how judicial panels are tackling these issues: by shielding federal officials and their contractors from liability, and even by glorifying the fruits of their dark arts. In the process, legal prohibitions on torture are being destroyed through secrecy and legal sleight of hand, and our justice system is being distorted and undermined.

War Whore

Best of the Web: Vote for Endless War: In 2012, whoever gets elected, its the Pentagon that wins

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Let's start with this: according to the Pentagon, the production and acquisition costs of Lockheed Martin's F-35 fighter jet, the military's most expensive weapons program, have risen yet again, this time by 4.3% since 2010 to $395.6 billion. If you're talking about the total cost of the system, including maintenance and support for the nearly 2,500 planes that will some (endlessly delayed) day be produced for the military, that has now reached an estimated $1.51 trillion, a 9% rise since 2010. All this for a plane that some experts doubt has any particular purpose in the future U.S. arsenal.

War Whore

Best of the Web: Meet the 'new normal': Fordham University to give Honorary 'Doctorate in Humane Letters' to Kidnap, Torture and Drone Killings Advocate John Brennan

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White House counterterrorism adviser John Brennan
In this season of graduations - and the rush to bestow honorary degrees on the "great and powerful" - one ironic moment will play out at Fordham University, where Jesuits are giving top billing among its honorees to White House counterterrorism chief John Brennan, notes Fordham grad (and ex-CIA analyst) Ray McGovern.

Since even readers of the New York Times are aware of deputy national security adviser John Brennan's open identification with torture, secret prisons and other abuses of national and international law, Fordham University's invitation to him to give the commencement address on May 19 brought, well, shock and awe to many Fordham students, faculty and alumni.

It now turns out we didn't know the half of it. Piling outrage upon indignity, Fordham announced this week that Brennan will enjoy pride of place among the "eight notables" on whom it will confer honorary degrees at commencement. The others receiving a Doctorate in Humane Letters, honoris causa, include Timothy Cardinal Dolan (Archbishop of New York), and Brooklyn congressman Edolphus Towns.

Unlike his co-recipients, Brennan is widely known for his advocacy of kidnapping-for-torture (aka "extraordinary rendition") and killing "militants" (including U.S. citizens) with "Hellfire" missiles fired by "Predator" and "Reaper" drone aircraft.

USA

Best of the Web: Idiocy as WMD

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© dv8maddots
Borges writes, "dictatorships foster oppression, dictatorships foster servitude, dictatorships foster cruelty; more abominable is the fact that they foster idiocy." As a preeminent mind, Borges rightly considers the mind to be a man's greatest asset, for without mind, a man is nothing. The more oppressive a political system, then, the greater its assault on its subjects' minds, for it's not enough for any dictator, king or totalitarian system to oppress and exploit, but it must, and I mean must, make its people idiotic as well. Every wrongful bullet is preceded and accompanied, then followed up by a series of idiotic lies, but we're so used to such a moronic diet by now, our trepanned intelligentsia don't even squirm in their tenured chairs.

Sane men and women don't consent to kill, rob and rape, much less be killed, robbed and raped, least of all to enrich their masters, and that's why their minds must be molested as early and as much as possible. Hence our nonstop media brainwashing us from the cradle, literally, to the grave. Fixated by flickering boxes, even infants are now mind-conditioned to become scatterbrained idiots before they stagger into kindergarten, to begin a lifelong process of becoming docile and slogan-shouting Democrats and Republicans.

Yes, savages killed, but, like apes and monkeys, our ancestors, they mostly tried to intimidate and trash talk their way out of conflicts. There wasn't a lot of murdering after the haka, frankly. They didn't wipe out entire cities by defecating exploding metal from the sky, nor sit in a brightly lit and spic-and-span office stroking a joy stick to ejaculate missiles half a planet away. Drone hell fire for y'all, with sides of bank-sponsored debt slavery and austerity, plus an unlimited refill of American pop bullshit. Would you like a public suicide with that? No, sir, these savages need to take webcast courses from us sophisticates when it comes to genocide, or ecocide, or any other kind of cides you can think of. When it comes to pure, unadulterated savagery, these quaint brutes ain't got shit on us plugged-in netizens chillaxin' in that shiny upside down condo on da capital-punishment-for the-entire-world, y'all, hill.

Vader

Best of the Web: The Case of the Missing Terrorists

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Jose Rodriguez, free to broadcast his psychopathology
Who is Jose Rodriguez? He is the criminal who ran the CIA torture program. Most of his victims were not terrorists or even insurgents. Most were hapless individuals kidnapped by warlords and sold to the Americans as "terrorists" for the bounty paid.

If Rodriguez's identity was previously a secret, it is no more. He has been on CBS 60 Minutes taking credit for torturing Muslims and using the information allegedly gained to kill leaders of al Qaeda. If terrorists were really the problem that Homeland Security, the FBI and CIA claim, Rodriguez's name would be a struck through item on the terrorists' hit list. He would be in his grave.

So, also, would be John Yoo, who wrote the Justice (sic) Department memos giving the green light to torture, despite US and International laws prohibiting torture. Apparently, Yoo, a professor at the Boalt School of Law at the University of California, Berkeley, was ignorant of US and international law. And so was the US Department of Justice (sic).

Notice that Rodriguez, "The Torturer of the Muslims," doesn't have to hide. He can go on national television, reveal his identity, and revel in his success in torturing and murdering Muslims. Rodriguez has no Secret Service protection and would be an easy mark for assassination by terrorists so capable as to have, allegedly, pulled off 9/11.