Role Reversal: How The US Became The USSR

Paul Craig Roberts July 23 2013

I spent the summer of 1961 behind the Iron Curtain. I was part of the US-USSR student exchange program. It was the second year of the program that operated under auspices of the US Department of State. Our return to the West via train through East Germany was interrupted by the construction of the Berlin Wall. We were sent back to Poland. The East German rail tracks were occupied with Soviet troop and tank trains as the Red Army concentrated in East Germany to face down any Western interference.

Fortunately, in those days there were no neoconservatives. Washington had not grown the hubris it so well displays in the 21st century. The wall was built and war was avoided. The wall backfired on the Soviets. Both JFK and Ronald Reagan used it to good propaganda effect.

In those days America stood for freedom, and the Soviet Union for oppression. Much of this impression was created by Western propaganda, but there was some semblance to the truth in the image. The communists had a Julian Assange and an Edward Snowden of their own. His name was Cardinal Jozef Mindszenty, the leader of the Hungarian Catholic Church.

Mindszenty opposed tyranny. For his efforts he was imprisoned by the Nazis. Communists also regarded his as an undesirable, and he was tortured and given a life sentence in 1949.

Freed by the short-lived Hungarian Revolution in 1956, Mindszenty reached the American Embassy in Budapest and was granted political asylum by Washington. However, the communists would not give him the free passage that asylum presumes, and Mindszenty lived in the US Embassy for 15 years, 79% of his remaining life.

In the 21st century roles have reversed. Today it is Washington that is enamored of tyranny. On Washington’s orders, the UK will not permit Julian Assange free passage to Ecuador, where he has been granted asylum. Like Cardinal Mindszenty, Assange is stuck in the Ecuadoran Embassy in London.

Washington will not permit its European vassal states to allow overflights of airliners carrying Edward Snowden to any of the countries that have offered Snowden asylum. Snowden is stuck in the Moscow airport.

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Ellen Brown ~ Cooperative Banking, The Exciting Wave Of The Future

 AlterNet | Reader Supported News | May 26 2012

OPINION ~ According to both the Mayan and Hindu calendars, 2012 (or something very close) marks the transition from an age of darkness, violence and greed to one of enlightenment, justice and peace. It’s hard to see that change just yet in the events relayed in the major media, but a shift does seem to be happening behind the scenes; and this is particularly true in the once-boring world of banking.

In the dark age of Kali Yuga, money rules; and it is through banks that the moneyed interests have gotten their power. Banking in an age of greed is fraught with usury, fraud and gaming the system for private ends. But there is another way to do banking; the neighborly approach of George Bailey in the classic movie It’s a Wonderful Life. Rather than feeding off the community, banking can feed the community and the local economy.

Today, the massive too-big-to-fail banks are hardly doing George Bailey-style loans at all. They are not interested in community lending. They are doing their own proprietary trading – trading for their own accounts – which generally means speculating against local interests. They engage in high-frequency program trading that creams profits off the top-of-stock market trades; speculation in commodities that drives up commodity prices; leveraged buyouts with borrowed money that can result in mass layoffs and factory closures; and investment in foreign companies that compete against our local companies.

We can’t do much to stop them. They’ve got the power, especially at the federal level. But we can quietly set up an alternative model, and that’s what is happening on various local fronts.

Most visible are the Move Your Money and Occupy Wall Street movements. According to the Web site of the Move Your Money campaign, an estimated 10 million accounts have left the largest banks since 2010. Credit unions have enjoyed a surge in business as a result. The Credit Union National Association reported that in 2012, for the first time ever, credit union assets rose above $1 trillion. Credit unions are non-profit, community-minded organizations with fewer fees and less fine print than the big risk-taking banks, and their patrons are not just customers but owners, sharing partnership in a cooperative business.

Move “Our” Money: The Public Bank Movement

The Move Your Money campaign has been wildly successful in mobilizing people and raising awareness of the issues, but it has not made much of a dent in the reserves of Wall Street banks, which already had $1.6 trillion sitting in reserve accounts as a result of the Fed’s second round of quantitative easing in 2010. What might make a louder statement would be for local governments to divest their funds from Wall Street, and some local governments are now doing this. Local governments collectively have well over a trillion dollars deposited in Wall Street banks.

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