Here’s a copy of the letter from the U.S. State Department legal advisor, Harold Koh to Julian Assange and his attorney.
Archive for November, 2010
(photo: KPMG’s European office in Frankfurt, also known as the great silver frankurter)
To read the full report on the International Recovery Plan for Ireland produced by the fine folks at the Swiss Cooperative known as KPMG, links below:
The detailed report/budget at 140 pages in length: http://www.kpmg.ie/budget2011/deptdocs/docs/NationalRecoveryPlan/NationalRecoveryPlan.pdf
The summary at 2 pages in length: http://www.kpmg.ie/budget2011/deptdocs/docs/NationalRecoveryPlan/NationalRecorveyPlan_SummaryLeaflet.pdf
Here’s a link to the government’s page where they will highlight the redlines or changes moving forward: http://www.finance.gov.ie/viewdoc.asp?DocID=6599
Here’s a link to the Bloomberg report on the German concessions to Ireland and Merkle’s willingness to relent on the Deutsch bond bomb: http://www.bloomberg.com/news/2010-11-28/ireland-wins-eu85-billion-aid-germany-drops-threat-on-bonds.html
According to Angela Merkel, Chancellor of Germany, it goes like this… ”the primacy of politics” over the “limits of the markets”. Dave’s response: What limits, if any, does that place on politics, when indeed the politics (in most nations, possibly excluding Germany) are merely the representatives of the interests of the banks themselves?
Here’s a link to the details of the recent poll taken in Ireland regarding the citizenry’s appetite for financial default: http://www.independent.ie/national-news/default-say-the-people-2439331.html
Here’s a link to a report from Charles Hugh Smith of the blog www.oftwominds.com on the implications of such a default: http://www.oftwominds.com/blognov10/Ireland-default11-10.html
December 7th would seem to be the next day of reckoning in the global game of fingerpointing and blame.
The ESM will complement the new framework of reinforced economic governance,aiming at an effective and rigorous economic surveillance, which will focus on prevention and will substantially reduce the probability of a crisis arising in the future. November 28, 2010 Statement from the Eurogroup
My gut instinct tells me that once they have the money in-hand the Irish may just have some good luck of their own in store for the international finance community.
Here’s previous blog posts to the financial crisis in Ireland:
Map highlights the population distribution in the U.S.
In a Rasmussen Reports poll completed on November 22, 2010, a combined 44% and 17% of Americans surveyed said that either the government is not functioning within the limits of the constitution or they are not sure if the government is functioning within the limits of the constitution respectively.
To see survey question wording, click here.
Here’s a link to the Rasmussen report on the survey where they found that 65% of those surveyed are angry at the currenct policies of the federal government: http://www.rasmussenreports.com/public_content/politics/general_politics/november_2010/many_say_government_now_operating_outside_the_constitution
Right now I have my eye on two people. Gerry Adams of Sinn Fein in Ireland and Mohamed El-arian of PIMCO bond fund.
A young and hard Gerry Adams wearing a black beret
Gerry Adams today. Is he soft? What is his message? “TAKE A STAND – MARCH AGAINST CUTS”
PIMCO’s Mohamed El-Erian. What is his message?: Run On The Banks!
“What you advise your sister in Ireland now is that you’d say take your money out of an Irish bank and put it in another bank headquartered elsewhere. That’s what happened in Argentina and in emerging economies. People worry about their savings.”
What El-Erian said previously: “The global financial crisis has also undermined the standing and credibility of the Anglo-Saxon economic model that emphasizes liberalization, deregulation, interconnectivity, and unfettered markets.”
Dave’s Commentary: There’s more at stake here than merely the City of London and the Crown’s stake in the Inter-Alpha banking group and their so-called ”loosely worded agreement.” http://www.inter-alpha.com/ Obviously they don’t know acknowledge contract law if they believe you can have an agreement exclusive of heirarchy. Inter-Alpha isn’t truly what’s at stake, they’re merely the stage upon which this dramatic showdown between the anglo ethic of democratic freedom and the concept that government should be of laws rather than of men is faced with the tangible threat of sharia law and those who would finance its spread.
My suggestion to Mr. Adams is that he find a stronger message than simply “March Against Cuts!!” for that is an economic message at its core and not one that patriots would die for in defense of their freedom. If you choose to make this an economic battle you choose to lose against forces more powerful with the ability to print their own money supply. On the other hand, Ireland although it does not represent the global shipping importance of Greece (read bargaining chip to the Chinese), it does represent the global concept of sovereignty better than any other nation notwithstanding the unfortunate signing of the Lisbon treaty. If they can roll the Irish people, they can roll anyone. Portugal, Italy then Spain will be merely footnotes in history.
What we’re witnessing is the commercialization of nations. The Brits have warned us that a revival of Glass-Steagall would be viewed as an act of aggression. No doubt employees of Blackwater would be willing to die in defense of Citibank for example. Will the same be said for the Irish and the Inter-Alpha cartel? What is the net present value of a country that loses its youth population to emigration? Either Sinn Fein comes up with a plea to the heart, or we’ll know the answer to that question within the decade won’t we.
There was a very interesting blog post on one of my favorite websites today zerohedge.com. Usually the information there is highly technical and for the most part over my head, but I enjoy reading it nonetheless. This particular post was about the fundamental definition of economics which is essentially the efficient distribution of scarce resources.
A lot of people don’t understand how important that definition is, but when you are developing policy for governments and communities it is very important, particularly the part about scarcity. It’s hard to develop command and control mechanisms when a system is based on abundance. If there are no limits to food, or housing, or jobs, or wealth then it becomes very difficult to implement controls and centrally administer policy. Abundance is herecy for modern economic policy, especially Keynesianism which puts the focus on government and their authorization of fiat money systems.
After reading the post, I posted a response about scarcity and abundance. I thought it might be appropriate today in light of Thanksgiving to post it here at TradeWithDave. I have so much to be thankful for. The Creator has greatly blessed me and I hope that these words bless you and your family too. I also posted a link to the ZeroHedge post at the bottom of my response.
on Thu, 11/25/2010 – 06:50
The deception found within scarcity is true if you believe it is true. Indeed it manifests itself within abundance as we allow it. Just picture the homeless person sleeping on the heat grate outside of a bank headquarters. The very wall he is leaning against for protection is the same wall that protects the vault filled with so-called valuables. That’s real and it’s a choice we all participate in. We use the bank, we carefully step around the cardboard box. That’s scarcity, no?
But there’s a more powerful force at work within what would otherwise be a dark room. A small candle is lit. Where’s the darkness. It’s still there, but it was a lie. It had no power. You had the power. Creation had the power. You lit the candle. You made the candle. You dipped it and taught others how to dip it. The ingredients were there all along. The wax, the honey bee, the flint, the steel. Who’s going to start the fire?
You can hide in your McMansion or you can hide under your cardboard box, or behind your screen name, but you can’t hide from abundance. It demands to be heard in the birds outside my window, it demands to be seen in the acorns cracking open and their green stem reaching down to the earth, it demands to be felt in the warm sun beating down on my shoulders. You can run from abundance. You can hide from abundance. You can even deny abundance. Each of us was given that mighty choice to deny its existence and to believe that we are the creator and not the created.
We can love scarcity. We can embrace Sartre’s No Exit because that’s what we deserve. He was right, in our own power there’s no escape and Hell is other people. The one truth found in the denial of a priori and the existentialist view is that it is a perfect example of our free will regardless of your belief in its origins.
Look out your window. Look at your plate. Look in your child’s eyes and tell me there is no abundance. Tell me and it is true for you. The problem for me is not seeing the abundance, but accepting it. Undeserving. Flawed. Failure. Why are these gifts for me? Why am I forgiven? Why does the child’s eye glisten with love? There’s only one possible answer. Grace.
Here’s a link to the original post on ZeroHedge.com: http://www.zerohedge.com/article/guest-post-rip-homo-economicus-end-ubiquitous-poverty-and-beginning-universal-abundance#comment-754404
Here’s a link to the Supreme Court Docket for November 23, 2010:
Here’a a link to the writ of certiorari. The key question can be found on page 2, item 2: http://www.scribd.com/doc/38506403/Petition-for-Writ-of-Certiorari-filed-with-the-U-S-Supreme-Court-for-Kerchner-v-Obama-Congress
Here are links to our previous blog posts leading up to this Supreme Court conference: