Friday, December 29, 2006

Saddam, Ford, and a new addition

After typing in our newest addition, Excerpts from Scanlan's Guerrilla War in the U.S.A. January 1971 Issue, it is pretty remarkable to witness this particular week in America. On the one hand, there is a certain American bloodlust for the execution of Saddam Hussein. The right, vampires that they are, are just exhausting their necrophilia. The liberals, under their usual delusions of "pragmatism," lament that the execution won't lead to a more docile colony. Ugh. Saddam was a bad man, but we do no one service by pretending for moment that he was some sort of vanguardist against empire OR that his crimes, monstrous as they were, can even approximate the wholesale brutality of Bush 1 or 2 or Clinton. Clinton's Secretary of State, the always smiling and friendly seeming Albright, was asked about killing half a million Iraqi children and didn't blink an eye in, not challenging the charge number, but defending the murder. With all due respect to A.Y. Davis's Prison Abolitionism, Saddam should be in a cell somewhere and his cell mates should be Billy, Georgy 1, and Georgy 2.

Yet, same news cycle, we get the veneration of Ford. "Nice guy, Ford." You have to appreciate the degree with which the media personalizes the guy. As if he was the friendly guy who hung out around the water cooler and bought an extra box of their kid's girl scout cookies, instead of, say, the guy who green-lighted the Indonesian genocide of a third of East Timor's population. Why is Ford celebrated? Because he pardoned Nixon, showed that the system worked, and that "we as a nation" needed to heal. So let's get this straight: Nixon, bloodthirsty murderer of Vietnam, gets a pardon because we need to heal from his legendary crimes (not that he was even prosecuted for the crime of Vietnam), but Saddam has to swing from the neck because a puppet court says so? Imperial justice: No Justice, Just Empire. (and lastly, to keep our contradiction level high, Ford apparently said something about how Gay couples "ought to be treated equally. Period." Geez, and Carter is referring, correctly, to Israel as an Apartheid state. How these guys change when they're no longer in power and thirty years have passed.)

In other news, the United Arab Emirates is apparently switching some holdings from Dollars to Euros. Muy Interesante!

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Monday, December 18, 2006


Iran switched its central bank foreign-held currency from Dollars to Euros. Picture us with raised eyebrows because this sort of thing is a pretty big deal. We won't fumble through a poorly laid out explanation about how currency is, to some extent, a house of cards and when macro changes of this sort happen, the effects can be huge. The Asian Financial Crisis in the late nineties is just one example and that was because of private Hedge funds. Just to be clear, recall that pre-invasion Iraq had just switched to Euros and Bush switched it back to dollars ASAP.
Now, this isn't the same thing as China switching over, but it is still mighty interesting.

HOLIDAY PLUG: Live in NYC? Don't be a scrooge: donate to The Indypendent!

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