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Mon, 19 Feb 2018
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The dirty secret behind Warren Buffett's billions: America's favorite investor loves monopoly, not free markets

Warren Buffet
© Victor Juhasz
After the worst financial collapse since the Great Depression, three officials from the Financial Crisis Inquiry Commission visited Warren Buffett at his office in Omaha, Nebraska. They wanted to ask America's most successful investor about his 24 million shares in the credit-rating agency Moody's. The commission would later identify Moody's and other rating agencies as "key enablers of the financial meltdown," for granting super-safe triple-A ratings to securities that were backed by junk mortgages. Trillions of dollars' worth of rotten financial instruments-the fuel of the crisis-"could not have been marketed and sold without [the rating agencies'] seal of approval," the commission concluded.

During that May 26, 2010, meeting, Buffett deflected responsibility for Moody's actions. "I knew nothing about the management of Moody's," he told the federal investigators, explaining candidly why he owned so much stock: Moody's faced practically no market competition.

Listen to David Dayen discuss Warren Buffet's business strategies on the Start Making Sense podcast.

Comment: See also:

Arrow Down

Hillary Clinton outspent Russians 53-1... And Lost

Hillary Clinton
© Unknown
The mixed messages from yesterday's "shocking" indictments of some Russian trolls (while The FBI was busily ignoring potential mass murderers in Florida) need some context to calm the chaotic "told you so" narrative spewing from every orifice of every side in this debacle.

Hillary Clinton spent 53 times more money per month than Russians seeking to influence the 2016 presidential election.

As The Daily Caller's Amber Athey details, according to reports, the monthly Russian budget for the operation to meddle in the election was $1.2 million. As Peter Hamby pointed out on Twitter, Clinton and supporting PAC Priorities USA spent approximately $800 million in 2016.

Comment: Mueller's investigation implicated some trolls not the Russian government or its institutions after spending millions of dollars. Russian Collusion is myth and the deep state which supported Clinton "The Loser" would to like to peddle it to control Trump. See also:


As regime change fails, could a military coup or invasion of Venezuela be next?

© Al Jazeera
Hugo Chavez, still bigger than life.
The U.S. has employed all of its regime change tools in Venezuela and although so far they have failed, there is still a chance that a military attack is in store. Several signals point to a possible military strike on Venezuela, with high-ranking officials and influential politicians making clear that it is a distinct possibility.

Speaking at his alma mater, the University of Texas, on February 1, Secretary of State Tillerson suggested a potential military coup in the country. Tillerson then visited allied Latin American countries urging regime change and more economic sanctions on Venezuela. Tillerson is also reportedly considering banning the processing or sale of Venezuelan oil in the United States and is discouraging other countries from buying Venezuelan oil.

In a series of tweets, Senator Marco Rubio, the Republican from Florida, where many Venezuelan oligarchs live, openly called for a military coup in Venezuela. "The world would support the Armed Forces in #Venezuela if they decide to protect the people & restore democracy by removing a dictator," the former presidential candidate tweeted.

How absurd - remove an elected president with a military coup to restore democracy? Does that pass the straight face test? This refrain of Rubio and Tillerson seems to be the nonsensical public position of U.S. policy.

Comment: The US has competition if it wants to up its game in Venezuela. By default, Venezuela may experience the US playbook: 'to save the country we must destroy it' (think Libya, Donbas, Ukraine, Afghanistan, Iraq, Syria....). If a choice, the other approach is from OBOR to 'join prosperity and walk with us'. There seems to be no safe option to go it alone. Venezuela has the right to figure it out for itself.

See also: China's OBOR threatens US in Latin America


Dems and MSM wreaked more havoc than Russians, says WH spokesman

Mueller puppets
© Ohanian
Mueller's Shill Game
In light of recent indictments, White House spokesman Hogan Gidley has accused the Democrats and mainstream media of pushing lies on the American public about Special Counsel Robert Mueller's investigation.

"There are two groups that have created chaos more than the Russians and that's the Democrats and the mainstream media," Gidley told the show Fox and Friends on Saturday. Gidley said the two groups spread false stories and narratives about supposed collusion between the Russian government and the Trump campaign. "[They] continued to push this lie on the American people for more than a year, and frankly Americans should be outraged by that."

Gidley's statements come amid news that Mueller's investigation led to the indictment of 13 Russians and three Russian entities on Friday for allegedly meddling in the 2016 US presidential election. The Russians supposedly bought ads, staged rallies and worked with grassroots campaigns. However, Deputy Attorney General Rod Rosenstein said in a press conference that "there is no allegation in the indictment that it had any effect on the outcome of the election."

Comment: See also:


Delusional? Joe Biden tiptoes towards a 2020 run

© Quartz/KJN
Setting his sights on 2020
Former Vice President Joe Biden is tiptoeing toward a potential presidential run in 2020, even broaching the possibility during a recent gathering of longtime foreign policy aides.

Huddled in his newly opened office steps from the U.S. Capitol, Biden began a planning meeting for his new diplomacy center by addressing the elephant in the room. He said he was keeping his 2020 options open, considering it a real possibility. He insisted he had made no decision, and didn't need to yet, according to five people who either attended the meeting or were briefed on it by those who did.

Biden also expressed interest in bringing those in the room onto his team if he decides to launch a campaign. At the same time, he gave them an out: There would be no hard feelings if they decided they were content in their current roles outside of government, said the people, who demanded anonymity to discuss a private meeting.

The political world has long tried to game out Biden's plans for 2020. After all, he came close to running last time only to see President Donald Trump pull off a victory that many Democrats openly suggest wouldn't have happened had he, not Hillary Clinton, been their nominee. Several people came away from the meeting with the impression that if no strong Democratic candidate emerges in the next year or so, Biden would feel strongly compelled to run.

A presidential candidate twice before, Biden would be 78 on Inauguration Day if elected in 2020, a concerning prospect for some Democrats even though he's only a few years older than Trump. One possibility that Biden's longtime advisers have discussed privately is that he could announce his intention to serve only one term, clearing the path for his running mate to take over in 2024 and potentially setting up Democrats for a 12-year White House stretch.

Comment: What Biden didn't say was to what degree the 2016 election criminality and defamation has decimated the Democratic Party and his own culpability as a shadow co-conspirator in the eyes of the public. As the swamp drains, so may his support.

Star of David

Netanyahu taunts Iranian FM with drone fragment

Neti and dronepiece
© Lennart Preiss/AFP
Israeli PM Netanyahu's drone fragment
Israeli Prime Minister Benjamin Netanyahu used a piece of what he said was fragment of an Iranian drone downed by the Israeli military to taunt Iranian Foreign Minister Javad Zarif.

Netanyahu used the prop while addressing a gathering at the Munich Security Conference on Sunday. "Mr. Zarif, you recognize this?" he asked while holding what looked like a piece of an aircraft wing. "You should, it's yours. You can take back with you a message to the tyrants of Tehran: Do not test Israel's resolve."

The Israeli leader used the platform of the conference in Germany to attack Iran, describing it as the world's greatest threat.

Earlier on February 10, Israel reported destroying an Iranian drone after it crossed into Israeli airspace from Syria. In retaliation, the Jewish state launched an air raid on a Syrian military facility, from which it said the drone was piloted. The Israeli Air Force lost an F-16 to Syrian anti-aircraft fire during the raid, and responded with what Israel described as the biggest air operation against Syria in decades.

Comment: 'Props' to the speakers -- well, one or two of them. Drama aside, the drone was over Golan Heights, still on the books as being Syrian territory. The level of Israel's military retaliation could be considered an act of war.

According to another RT report:
Iran's foreign minister ridiculed a security conference speech by Netanyahu, who used a part of a drone to make a point. He lashed out at Israel's "aggression to neighbors" and mentioned the country's "crumbling invincibility."

Iranian Foreign Minister Javad Zarif spoke at the Munich Security Conference a few hours after Israeli Prime Minister Benjamin Netanyahu displayed what he said was a piece of an Iranian drone shot down last week by Israeli forces. The Iranian official dismissed the use of the prop as a "cartoonish circus" that was meant "to blame others for its own strategic blunders, or maybe to evade the domestic crisis they're facing."

He added that Israel was avoiding discussion of its own hostile and destructive policies in the Middle East. "Israel uses aggression as a policy against its neighbors," Zarif said, citing the regular air incursions into Syria and Lebanon. "The entire speech [by Netanyahu] was trying to evade the issue."

Zarif also said that the loss of a fighter jet by Israel during the latest flare-up on the Syrian border tarnished the image of invincibility the Israeli military has.
For more on the circumstances for which Netanyahu is holding alleged authentic drone evidence see:

Snakes in Suits

Tillerson: No deviation from 'big sticks' strategy with North Korea

© The Hill
US Secretary of State Rex Tillerson
The US approach to North Korea is showing no signs of softening, after Secretary of State Rex Tillerson said the government is using "big sticks" rather than delicate diplomacy to enable talks.

The leaders of the two nations have engaged in a series of bizarre tit-for-tat insults over the last year, with Tillerson previously admitting that military intervention in North Korea was a possibility. North Korea's efforts to develop its ballistic missile program has raised tensions on the Korean peninsula, while the country's supreme leader Kim Jong-Un has eyed the US mainland as a potential "nuclear strike zone."

Amid the threatening rhetoric, the US government has maintained sanctions against North Korea, with which it has no official diplomatic ties. In an interview with CBS 60 Minutes scheduled to air Sunday, Tillerson said that while communication channels are open, the US will continue its current approach.

Comment: The 'right of might' versus the 'might of right'. One of these is diplomatic.


February 17th, anniversary of the Libyan revolution lie, destruction and crimes against humanity

bombed out city Libya
© farodiroma.it
February 17th is the anniversary of one of the greatest crimes against humanity in current times perpetrated against the sovereign country of Libya. These crimes were made using a false flag lie (there was NO revolution in Libya) and committed by the proxy army of the New World Order known as NATO, ordered by Khazarian Zionists; Clinton, Obama, Levy, Sarkozy, Cameron, McCain, Qatar, Israel and Saudi Arabia.

The false flag was perpetrated by starting an uprising the Middle East and North Africa that was called the "Arab Spring". This uprising was created and caused by the CIA, Mossad and MI6. Of course they found mercenaries who joined their cause for pay to completely destabilize the MENA region (Middle East North Africa). Most of these mercenaries were radical Islamists and were part of radical groups known as Al Qaeda, Muslim Brotherhood, Ansar Al Shiria, Libyan Islamic Fighting Group, Al Nusra and others. (they change their names to confuse the West but they all work together). These same groups have become to be known as ISIS, ISIL, Daesh, etc. Again all the same, funded, armed and trained by the criminal cabal known as the New World Order.

One of the main reasons for this attack was because many of the countries in that region were not members of and controlled by the bankers that would control the entire world with their Babylonian Debt scheme and fiat worthless currency. Ghadafi had started a gold backed currency for the continent of Africa. All the Arab countries had signed on and more that half of Africa. The currency had moved ahead and was to be centered out of the Comoro Islands. This one act that would have freed Africa from the darkness of poverty and control by the western Zionists, would have destroyed the criminal bankers and their toilet paper currency. This is one of the main reasons why Ghadafi was killed.

Bad Guys

Delusional Joe Biden says Russia is in 'serious decline' and threatens the stability of the 'liberal world order' at the same time

Joe Biden
© Andreas Gebert / Global Look Press
Former US Vice President Joe Biden
Former US Vice President Joseph Biden delivered an impassioned speech which alternated between attacking Russia and praising the US-led world order, while omitting the essence of the ongoing Cold War redux.

Biden, a former senator and America's second-highest official for two terms, took to the podium at the Munich Security Conference (MSC) on Friday evening to deliver a moving speech about the threat posed by Russian President Vladimir Putin to the "liberal world order." He said NATO members must oppose these "malign activities" and stick to their values, even though the US did not do this under the administration he was part of.

Russia-bashing is a popular game for Western politicians nowadays. Biden was not the first speaker at the MSC to focus on the menace of the East, although unlike Ukrainian President Petro Poroshenko, he didn't address his anti-Kremlin rally cry to a nearly deserted hall. On the contrary, it was packed full, including by some former Obama officials like John "you don't invade a country on phony pretext" Kerry, the ex-Secretary of State.


Turkey supports Syria's territorial integrity, says Foreign Minister

missile fire syria turkey
© AP Photo
Turkish Foreign Minister Mevlut Cavusoglu on Sunday held a speech at the 2018 Munich Security Conference, in which he elaborated on the issue of Syria's territorial integrity and on the progress made at Astana peace talks.

On Syria's Territorial Integrity

"We have to be sincere that we are supporting territorial integrity of Syria and we need to pay more attention to political process, which is as important as fighting terrorist organizations," Cavusoglu said.

The Turkish minister added that supporting a terrorist organization against another terrorist group was "a big mistake" as such an approach put Syria's future at risk.

Comment: 'Syrian territorial integrity' is suddenly all the rage from both the Turks and the Kurds. See also: Afrin Kurds turn to Syrian Army to protect borders from Turkish offensive