Tuesday, July 31, 2018

Henry Kissinger and Donald Trump

Fort Russ

Counterpunch
Trump, Putin & Helsinki: Henry Kissinger Still Calls the Shots
Rajai R. Masri is a former lecturer of Finance at McGill University and Boston University.

Related

Sic Semper Tyrannis
Let Mikey do it? Maybe not.
Col. W. Patrick Lang, US Army (ret.)
At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense Humint Service. At the DIA, he was a member of the Defense Senior Executive Service. He participated in the drafting of National Intelligence Estimates. From 1992 to 1994, all the U.S. military attachés worldwide reported to him. During that period, he also briefed President George H. W. Bush at the White House, as he had during Operation Desert Storm.

He was also the head of intelligence analysis for the Middle East for seven or eight years at that institution. He was the head of all the Middle East and South Asia analysis in DIA for counter-terrorism for seven years. For his service in the DIA, Lang received the Presidential Rank Award of Distinguished Executive. — Wikipedia
See also

Jacksonian populism. Should read.

Truthdig
American History for Truthdiggers: Andrew Jackson’s White-Male World and the Start of Modern Politics
Danny Sjursen | Major, U.S. Army, formerly assistant professor of history at West Point

16 comments:

GLH said...

I believe that Andrew Jackson was a traitor to our country. I suspect that he was put into office by British bankers in order to prevent the US from having a public bank to support industry. Even the idea that he was a war hero is suspect in my mind, I didn't finish the puff piece on Jackson but for a better idea of the man read Michael Hudson's piece about him. It is claimed that Jackson hated banks but he only hated public banking which could help the people. He seemed to love private banks where he stored the government's money.

Matt Franko said...

“He seemed to love private banks where he stored the government's money.”

We still did that leading up to the GFC.... fiscal surplus USD balances were deposited at banks...

It’s not “taxes destroy money!”...

Matt Franko said...

Maybe he thought it was a better idea to keep govt surplus balances with the private banks to earn interest for the citizens like we still do today?

If you keep your surpluses in your own bank you can’t pay yourself interest on the balances....

Matt Franko said...

“nly hated public banking which could help the people.”

I thought Hudson is against rent seeking? Govt rent seeking good? Private bad?

Bob said...

Let Mike Pompeo do what? There's no need for a war with Iran. There was no need for Washington to break their commitment to the peace deal either. All parties are where they are today because of Trump's idiocy.

Tom Hickey said...
This comment has been removed by the author.
Tom Hickey said...

My comment got mangled and I don't have time to for a re-do.

Tom Hickey said...

Maybe he thought it was a better idea to keep govt surplus balances with the private banks to earn interest for the citizens like we still do today?

TT&L accounts only need when the cb is paying IOR. That's no long the case and the Treasury stopped using TT&L's on October 2008.

Matt Franko said...

Careful Tom youre bordering on doing science here...

Matt Franko said...

They only stopped it because they paid a effective negative rate back at ZIRP... nothing preventing the US T from starting to use them again tomorrow and crash the whole thing again with a 300b one day increase in Reserve Assets at the banks... we’ll be Mad Max Beyond thunderdome immediately...

Tom Hickey said...

youre bordering on doing science here...

No "science." No formalization, no quantification.

Just operational analysis of institutional arrangements using only prose.

Matt Franko said...

The accounts are still open just with a zero balance see here Table 1 right at the top:

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=18073000.pdf

Nothing preventing Trump tomorrow to tell Mnuchin to go back to using them to “make money!” and we go right down the toilet bowl again....

Matt Franko said...

Well your statement here is wrong anyway:

“TT&L accounts only need when the cb is paying IOR.”

From you link (which btw is required reading thx...)

“when the Fed began paying interest on reserves in October 2008, the formulas that determined the interest rates on TT&L accounts meant that it was less expensive for the Treasury to keep its money in the TGA than to use TT&L accounts”

TTL interest probably went negative at FFR 0.25% so they just kept it in TGA ... rates up to 2% now only a matter of time till they start using them again and we’re fucked... don’t put anything past these morons...

Tom Hickey said...

Where There Is Love, There Is God: A Path to Closer Union with God and Greater Love for Others by Mother Teresa Mother Teresa

I agree that this would be truly moronic. Would they do it? Sure. Mnuchin for sure doesn't know anything about the details of this, and if he did, I doubt he would care it he could make a buck and look good.

Tom Hickey said...

Ha ha, I didn't see that I had not copied what I had expected to the clipboard, but the MT quote is worth sharing anyway.

See John's first letter.

Matt Franko said...

“Where There Is Love, There Is God“

Well yes certainly but that is obviously not always the situation here in dialecticville...