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Chess

Ukraine and the rebirth of fascism in Europe

ukraine fascism
The violence on the streets of Ukraine is far more than an expression of popular anger against a government. Instead, it is merely the latest example of the rise of the most insidious form of fascism that Europe has seen since the fall of the Third Reich.

Recent months have seen regular protests by the Ukrainian political opposition and its supporters - protests ostensibly in response to Ukrainian President Yanukovich's refusal to sign a trade agreement with the European Union that was seen by many political observers as the first step towards European integration. The protests remained largely peaceful until January 17th when protesters armed with clubs, helmets, and improvised bombs unleashed brutal violence on the police, storming government buildings, beating anyone suspected of pro-government sympathies, and generally wreaking havoc on the streets of Kiev. But who are these violent extremists and what is their ideology?

Comment:

In Ukraine, fascists, oligarchs and western expansion are at the heart of the crisis

IMF sponsored "Democracy" in the Ukraine


Bandaid

Best of the Web: Between the NSA's power and the IRS's revenge, how can Americans not be worried about the opinions they express?

obama arrested
Feel like Big Brother is watching you these days? You're not alone.

"This is not some far-out Orwellian scenario," wrote the late William Safire of The New York Times in 2002, in the panicky aftermath of 9/11. "Here is what will happen to you: Every purchase you make with a credit card, every magazine subscription you buy and medical prescription you fill, every Web site you visit and e-mail you send or receive . . . will go into what the Defense Department describes as 'a virtual, centralized grand database.' "

Comment: Before they are able to express their opinion, the Americans need to educate themselves, see what is actually going on around the world, and finally express exactly how they feel about their dire situation. This might be a good place to start (warning, you might not be able to watch it fully to the end):




Brick Wall

Russia's Central Bank revokes licenses, including My Bank

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© BellenewsRussia’s central bank
Russia's central bank shut down Moscow-based lenders My Bank and Priroda Bank as it accelerated an industry cleanup, according to statements on its website.

The regulator said it also revoked the licenses of two regional non-bank credit organizations, OOO RNKO Traditsiya and OAO NDKO MTSM.

My Bank, a top 200 lender by assets, had its license canceled because of "significant misreporting of data and inability to meet creditors' obligations," according to a central bank statement. Priroda Bank was cited for involvement in "suspicious transactions" and not providing sufficient reserves for possible loan losses, the central bank said in separate statement.

The central bank has accelerated its crackdown since Nov. 29 when it revoked the license of Master-Bank, Russia's 41st largest lender by assets, for money-laundering violations. Mid-size lenders Project Financing Bank and Smolensky Bank were also shut on Dec. 13, and Investbank was closed after failing capital-adequacy reviews.

The central bank has revoked about 35 banking licenses since July 1 when Elvira Nabiullina succeeded Sergey Ignatiev as governor, compared with three in the first half of 2013. Nabiullina is striving to tighten regulation of banks and curtail net capital outflow that was forecast at about $55 billion last year.

Stock Down

Paul Craig Roberts: US engineering financial chaos

world chaos
Today a former US Treasury official told King World News that the United States government is purposefully creating financial chaos all over the world in order to destabilize enemy countries and create a flight into the US dollar. This is an incredibly important interview, where the former US Treasury official lays out exactly what Washington and the US Fed are intentionally doing to the world.

Eric King: "This emerging markets mess, your thoughts here because there is (so much) turmoil around the world at this point."

Dr. Roberts: "Eric, there are different ways you can look at the emerging markets mess. One is that all the liquidity that the Fed created, some of it flowed into emerging markets, and now that the Fed is indicating an end to quantitative easing the money is flowing out. As it does it causes the sale of those currencies in those countries and they plummet, and this causes all kinds of financial chaos. That's one way to look at it (the way the mainstream media propaganda is leading people to believe).

Comment: In 2010, here at SOTT, we also had a very interesting discussion with Paul Craig Roberts:

The SOTT Report: Interview with Paul Craig Roberts



Cut

Ukrainian premier submits resignation

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© AP/Efrem LukatskyUkrainian President Viktor Yanukovich has gone on sick leave with a respiratory ailment, his website said on Thursday, with the issue of a new prime minister still undecided. Yanukovich's prime minister, Mykola Azarov, resigned on Tuesday in the midst of mass street unrest and the president has yet to appoint a successor. Serhiy Arbuzov, who was Azarov's first deputy, has stepped in as interim prime minister.
The prime minister of crisis-torn Ukraine has submitted his resignation.

In a statement Tuesday on the government website, Mykola Azarov offered his resignation in order to encourage what he called "social-political compromise."

Safe

Is your money safe at the bank? An economist says 'no' and withdraws his

BoA
© Davis Turner/Getty Images.The Fed policies of Ben Bernanke and Janet Yellen, who begins her term Feb. 1, are making former Harvard economist Terry Burnham withdraw his money from Bank of America
Terry Burnham, former Harvard economics professor, author of Mean Genes and Mean Markets and Lizard Brains, provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed's efforts to strengthen America's banks have perversely weakened them.

Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.

Why am I getting in line to take my money out of Bank of America? Because of Ben Bernanke and Janet Yellen, who officially begins her term as chairwoman on Feb. 1.

Before I explain, let me disclose that I have been a stopped clock of criticism of the Federal Reserve for half a decade. That's because I believe that when the Fed intervenes in markets, it has two effects - both negative. First, it decreases overall wealth by distorting markets and causing bad investment decisions. Second, the members of the Fed become reverse Robin Hoods as they take from the poor (and unsophisticated) investors and give to the rich (and politically connected). These effects have been noticed; a Gallup poll taken in the last few days reports that only the richest Americans support the Fed. (See the table.)

Stock Down

UK lawmakers tell queen to cut costs, boost income

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© Royal.gov.ukThe Blue Drawing Room at Buckingham Palace.
Britain's royal household needs to get a little more entrepreneurial, eye possible staff cuts and replace an ancient palace boiler, lawmakers say in a new report.

The report published Tuesday on the finances of Queen Elizabeth II has exposed crumbling palaces and depleted coffers, and discovered that a royal reserve fund for emergencies is down to its last million pounds ($1.6 million).

Legislators on the House of Commons Public Accounts Committee urged royal officials to adopt a more commercial approach and suggested opening up Buckingham Palace to visitors more often.

The panel said the royal household needed more cash to address a serious maintenance backlog on crumbling palaces. It said at least 39 percent of royal buildings - and probably more - were in an unacceptable state, "with some properties in a dangerous or deteriorating condition."

"The boiler in Buckingham Palace is 60 years old," committee chair Margaret Hodge told the BBC. "The household must get a much firmer grip on how it plans to address its maintenance backlog."

Attention

Best of the Web: Beyond Orwell's worst nightmare

Big Brother Watching
© Brian Jackson

"Big Brother is Watching You," George Orwell wrote in his disturbing book 1984. But, as Mikko Hypponen points out, Orwell "was an optimist." Orwell never could have imagined that the National Security Agency (NSA) would amass metadata on billions of our phone calls and 200 million of our text messages every day. Orwell could not have foreseen that our government would read the content of our emails, file transfers, and live chats from the social media we use.

In his recent speech on NSA reforms, President Obama cited as precedent Paul Revere and the Sons of Liberty, who patrolled the streets at night, "reporting back any signs that the British were preparing raids against America's early Patriots."

This was a weak effort to find historical support for the NSA spying program. After all, Paul Revere and his associates were patrolling the streets, not sorting through people's private communications.

To get a more accurate historical perspective, Obama should have considered how our founding fathers reacted to searches conducted by the British before the revolution. The British used "general warrants," which authorized blanket searches without any individualized suspicion or specificity of what the colonial authorities were seeking.

At the American Continental Congress in 1774, in a petition to King George III, Congress protested against the colonial officers' unlimited power of search and seizure. The petition charged that power had been used "to break open and enter houses, without the authority of any civil magistrate founded on legal information."

Red Flag

U.S.-backed Egyptian junta steps up repression after constitutional referendum

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© Enduringamerica.com
Following the adoption of the constitution in the January 14-15 referendum, the US-backed Egyptian military junta and its political supporters are seeking to suppress opposition and restore the dictatorship that existed in Egypt before mass working class struggles toppled long-time dictator Hosni Mubarak nearly three years ago.

Last Friday, security forces cracked down on protests called by the Islamist Muslim Brotherhood (MB), killing four and injuring at least 15. According to an Egyptian Health Ministry statement, three protesters were killed in the capital Cairo and one in Fayoum on Saturday. Protesters were also injured in Giza and Minya.

On Monday, a spokesperson for Cairo University - the largest university in Egypt, with 280,000 students - said that the university council had agreed to allow police on the campus. There have been ongoing protests against the military regime, often organized by students close to the MB, throughout this semester. Many students have been killed in clashes with the police forces, including last Thursday.

In a speech at the Police Academy on Tuesday, Defense Minister and de facto dictator General Abdel Fattah al-Sisi threatened that Egyptian army and police will confront with force any attempt to undermine "security and stability." He praised the military and police as "the protective shields of the homeland" and boasted, "the process of securing the referendum proved to the world our ability to enforce security in our country."

Bad Guys

Howard Zinn: The Myth of the good war

"Can we find another way?"

zinn
Howard Zinn was one of the many disciples of investigative journalist George Seldes.

He was the author of more than 20 books, including A People's History of the United States, a perpetual best seller.

Zinn's perspective on war was not created in a vacuum.

During World War II Zinn was a bombardier in the 490th Bombardment Group,

His targets included Berlin, Czechoslovakia, and Hungary as well as Royan, a seaside resort in southwestern France on which he dropped napalm.

He documented the last bombing in his book The Politics of History, the research included him discovering that 1.000 civilians were killed in that raid and the raid itself, ordered in the last three weeks of the war, was primarily a career-building exercise for the officers involved.

Many Vets share Zinn's feeling about their war experiences. Very, very few ever find a supportive platform to talk about their experiences and outlooks.