Rand Paul Shows True Colors

Rand Paul’s recent endorsement of Mitt Romney has put the Paulbots into a tizzy, poor souls.

They should have seen it coming.

Not only was it quite obvious that Rand was a neocon and a corporatist,  it’s also pretty clear that his father, although a more likeable and principled man, has been hitting everyone BUT Romney in his campaign.

Mark Ames of eXiled magazine, whom I’ve criticized for really vicious personal attacks, isn’t wrong  when he writes about Paul’s peculiar softness on Romney. I’ve pointed this out myself on in the comment section of Economic Policy Journal.com. And  I think Ann Coulter has also made similar points.

The end result of Paul’s campaign has been to line up Romney (Mr. Wall Street) against Obama (Mr. Main Street)….which suits the globalists fine.

Romney gets the nomination and the Dems get the target they want in a time of recession and Wall Street insider trading scandals.

My gut has been telling me for some time that the whole Ron Paul/Mises/Agora/extreme anti-government wing of libertarianism is peculiar.

It’s strikingly dominated/ by Zionist  (North, Block/Schiff) intellectuals and businessmen (with plenty of Gentile faces out front, of course, to keep the rube patriot crowd happy). Note: there are many good guys in that group. This is just my perception of the overall direction of its advocacy.

It’s easy to check out on the web. Just google and pay no attention to cries of “anti-semitism” and “conspiracy theory” – follow the facts where they lead.

Then, there’s the campaign and manager Jesse Benton’s stunt of wrapping Ron Paul in Reagan’s mantle. That was a move that nobody really scrupulous would have made.

Paul repudiated Reaganism.  He shouldn’t then try to cash in on his association.

Altogether too slick for my taste.

Then there was that double-billing for air travel that went on for years.

Minor…probably accidental, sure…. but troubling.

And then there’s this, also from Ames.

Ames finds it suspicious that there’s a Paul SuperPac in Utah that seems to have been founded by a business partner of governor Jon Huntsman’s:

“Huntsman endorsed Mitt Romney when he bowed out of the race—in fact, Huntsman has a history of stepping aside for Mitt Romney and playing his second banana, going back at least to the Salt Lake City Olympics in 2002, which John’s billionaire dad helped to fund on behalf of Mitt Romney.

So to repeat: Ron Paul’s SuperPAC is based in Salt Lake City, and one of the founders is Ladd Christensen, John Huntsman’s business partner in Huntsman-Christensen and Huntsman Chemicals.

Nothing to see here folks, keep moving along…”

Huntsman, in case you didn’t know it, was the choice of Lynn Rothschild.

I’ll leave it at that.  Might be something there. Might not.

Lots of people found firms in Utah.  It’s a popular incorporation state for some things.

Back to the Rand Paul endorsement (?):

Have to say the Paulbots had it coming. They were acting just like the left, swarming on people on the net with absurd denunciations,  excommunications, and inquisitions, rantin’ and ravin’ like some hick Bible-thumper with the heathen.

So,  suck it up, fellas.  Idolatry ain’t libertarian….or Christian.

And it sure ain’t smart.

The Problem With The Rajat Gupta Insider Trading Case

Update:

New charges have been added to the indictment, including alleged tips on March 12, 2007 (Goldman Sachs) and Jan 29 (Proctor & Gamble) that led to Galleon trading.

ORIGINAL POST:

You gotta hand it to the government. They know how to do theater.  Except it’s theater of the absurd.

While mafia outfits with…er…skeletons in their closet sail on unscathed; managers – especially brown ones –  who might have talked out of turn are facing the firing squad.

Walter Pavlo in Forbes:

“The government does have a case, but what they do not have is Gupta on tape, or anyone naming Gupta on tape, as being a source of insider information.  The way to sway a jury, beyond the evidence, is to portray the person sitting on trial as either a devil or saint; a devil guilty, a saint innocent.  According the NY Times, during one discussion outside of the presence of the jury on the first day of trial, Naftalis was warned by Judge Jed Rakoff to not get into too much detail about Gupta’s record of philanthropy (saint).  This, Naftalis argued, would go to discredit “greed” as being a factor in the alleged crime. I think it is a fair point.

Rajat Gupta is a good person who came from humble beginnings and rose to be someone who was well respected in the business community.  He should get a fair trial and I believe that will happen. However, the government’s mosaic of Gupta as a source of inside information is countered by a defense of a man of intelligence, character, and integrity. Those fine characteristics of a person should not go away with an indictment alone, they must be tried in court.  I think Gupta has a good chance, but if Raj shows up, all bets are off.”

I started out being unsympathetic to Rajat Gupta, when the government first brought charges against him last year. At the time, I thought he would be one of many top business leaders who would be charged, and that Lloyd Blankfein, Geithner, and others higher up the food chain and more culpable for the financial crisis, would follow.  Now that I’ve seen that Gupta is going to be served up as the main course for the public to devour, I’ve become a bit suspicious of the bona fides of the prosecution.

Insider-trading, whatever you think of it, is a very tangential part of the financial crisis, except in so far as it was partly the means by which some of the major firms were naked-shorted.

Goldman Sachs, as we’ve seen, is central to that story.

But the Gupta trial casts Goldman as a victim and GS chief Lloyd Blankfein is actually testifying against him. That’s the man whose confab with Timothy Geithner, NY Fed Reserve chairman, in the same month that Gupta is supposed to have tipped of Galleon’s Raj Rajaratnam (September 2008), constituted a scandal several orders of magnitude greater than the alleged shenanigans of Gupta.

Blankfein, surely more culpable, than Gupta or Rajaratnam, is getting good PR, from this trial, as he did from the Rajaratnam trial last year.

So what’s really going on here?

I don’t want to get into the larger picture in this post, except to say it’s all part of a strategy of rescuing Goldman from any serious damage and of redirecting energy away from the most dominant members of the financial world to the relatively new upstarts – the Indians.

In “Breaking India,” Rajiv Malhotra, a former tech entrepreneur turned author, has written eloquently about the dual strategy pursued by the US government in building up India (through the business schools and management networks), while simultaneously breaking it down (India-bashing from leftist journalists, activists, and academics, including the incitement of Dalit activism against India itself as a symbol of Brahmin supremacism).

In a sense, the dual strategy has ended with the Gupta trial and now the object seems to be solely to break the country. The media portrays it with increasing negativity, directing popular anger toward South Asian financial networks, to the exclusion of others,  and, specifically, away from the Anglo-Jewish elites who actually caused the financial crisis.

The new comers might have profited from it illicitly but in no way were they the prime movers of the global heist.

With that quick sketch of the general context, here are the particulars that I find striking for a criminal case pursued with so much fanfare and media attention:

1. There is no “smoking-gun,” whatsoever. That’s right. Zip. Nada. There is not one tape in the over 2000 (TWO THOUSAND) tapes held by the prosecution that either shows Gupta passing on a  tip to Rajaratnam or names Gupta as someone who tipped off RR.

Think about it. It’s pretty incredible. The government was secretly investigating Rajaratnam’s network as far back as 2007, with FBI wire taps over a period of at least 11 months between March and December 2008.

And not one of those conversations, intimate, unsuspecting conversations, actually contains a concrete tip or refers to Gupta as a tipster. There is actually only one Gupta conversation with Rajaratnam in the whole file – on July 29, 2008.

It’s based on this and other circumstantial evidence that the government rests its case that Gupta was passing on confidential board information to Galleon between March 2007 and January 2009, charging him with five counts of securities violations and one count of conspiracy, potentially opening him up to 105 years in prison and $25 million in fines.

I know if someone had taped me for over a year,  there would be a lot of things I’d find it hard to explain. Not because I’m up to anything wrong. Not at all. But simply because I blurt out my feelings in private. It’s the way I am. Sometimes, those are just passing feelings and quite meaningless to anyone who knows me.  I once told my family I wanted to raise a tiger cub in the garden; I’ve called friends names I’d rather forget; I’ve made forceful political statement that I wouldn’t think of venting on my blog. I say things that aren’t even accurate, just because it’s a casual conversation and I’m not thinking, or because I’m thinking of something else or…or…any of a dozen reasons.

And guess what, I’m not sorry I do. I have a right to.  Expressing your views, whether momentary feelings or long standing opinions, is what you do with your friends in your home.

It’s called privacy. If you can’t be free to vent feelings or express opinions, however unpleasant they might sound to a third party (third parties shouldn’t be listening, should they?), what the heck is privacy for?

But drawing conclusions from the haphazard, half-spoken chitchat of people’s private conversations is another things. Private chat is difficult to interpret, unless you get explicit repeated statements that are black and white. Everything else is open to interpretation.

2. There is no evidence that Gupta profited from the information he’s alleged to have passed on. This again is a big gaping hole in the government’s case. The essence of illegal insider-trading is that the wrong-doer materially benefited and that he passed on the tip with that benefit in his mind.

It’s a “mental state” crime, which also makes it hard to prove.

No profit, and bingo, half the case has crumbled.

Now, given that, why would Rajat Gupta turn down a civil trial, where the maximum he faced would have been fines and bans from sitting on corporate boards, and go in for a criminal trial, where he could go to jail? There’s only one reason. An administrative hearing has a lower standard of proof and a judge who can make up his mind as he wishes. A criminal trial gets a jury and demands “beyond a reasonable doubt” as the standard.  But it’s also riskier. Juries can go one way or other.

Here’s my point. The only defendant who would take that kind of risk would be a defendant who thought he was innocent.

So what’s the government doing without these two major elements of a successful insider trading case?

It’s trying to build a circumstantial case, putting together a kind of “mosaic” of the evidence, as someone has noted. It’s calling witnesses to show that while Gupta might not have literally profited from his tips, he indirectly profited, because he was invested with Galleon and he intended to do even more business with it in the future. The tips were credit toward that future return.

The prosecutions’ second line of argument is to suggest that Gupta and Rajaratnam were such close friends, that Gupta had to have passed on tips, because that’s what buddies do.

But, here’s another thing. The government (SEC) didn’t let Gupta see settlement documents with cooperating witnesses against him.

That means the defense doesn’t get to learn the terms on which the government struck deals with cooperating witnesses against Gupta.

That’s pretty significant.

Fortunately, the judge did force the FBI  to review documents (notes) from the SEC’s civil investigation, which overlapped the FBI criminal case (Brady material), and it did force them to show the defendant exculpatory evidence in them.

Thirdly, the government is trying to piece together the timing of the calls to show that it must have been Gupta who put through the call just before closing on Sept 23, 2008, to tell Rajaratnam that Warren Buffet was going to invest in Goldman Sachs. That tip is the piece de resistance of the trial, because Rajaratnam turned around and managed to squeeze a trade through before closing that netted around $800,000.

The Buffet investment information was, of course, confidential, as Lloyd Blankfein testified, as was the information about a Goldman Sachs audit committee meeting, whose results are alleged to have been passed onto Rajaratnam (March 2008).

What Blankfein didn’t testify and someone should have asked was if Blankfein and everyone else in the firm had actually kept the information confidential, as they expected Gupta to. Blankfein does remark that there was a lot of speculation going on about the audit committee findings.

Does that mean there were loose lips all over the place?

Because if there were, then the case against Gupta founders again.

Because then, how do we know who it was that tipped off Raj Rajaratnam?

The answer is, we don’t.

And, in fact, so far the defense has found at least two (and possibly three) other people at Goldman, lower down in the food chain, who were passing on tips to Galleon’s chief. One of those, David Loeb, head of Goldman Sachs’ Asia Equity Sales In New York, made two dozen calls to Galleon, some of them on the same day Gupta is alleged to have tipped the hedge fund off.  Besides Loeb, an analyst Henry King, as well as a Mr. X , have also been mentioned as tipsters. King, a high profile tech analyst known for his spot-on calls, is alleged to have been leaking information from Taiwanese manufacturers to US investors.

Then there’s Anil Kumar, a colleague at McKinsey, who turned informant for the government, in the Rajaratnam case. Kumar testified that Rajaratnam often played off his sources against each other so they would be work harder to get a pat on the head from “Big Raj.” One of the tipsters Rajaratnam played off against Anil Kumar was the “insanely hot” blonde tipster, Danielle Chiesi, whose antics eventually sank the good ship Galleon.

So now we know that Rajaratnam has a profile of manipulating  people and that he could ‘have been trying to get Anil Kumar to do more for him (remember, in the call with Gupta he complains that Anil Kumar isn’t earning the million dollars a year he was giving him). One way to do that would be to hint that he was getting information from someone else, even if that someone else was simply chatting with him and wasn’t actually tipping him.  There’s another angle.  If Anil Kumar could wear a wire and rat out Rajaratnam,  what are the chances he wouldn’t agree to anything else the Feds wanted from him? Maybe he cut a deal to point the finger at someone higher up.  Gary Naftalis, Gupta’s lawyer seems to be thinking along those lines, in demanding to see the SEC’s deals with cooperating witnesses.  Anyway, Kumar is no pillar of integrity and his accusations should be taken for what they’re worth.

What’s also strange….passing strange….is that David Loeb, whom the government caught on tape passing on tips about Intel, Apple, and Hewlett Packard to RR,  has not been charged at all.

Yet, Loeb called Galleon traders twice on September 23, 2008, including once  at  3:07 pm. That’s the same day prosecutors are trying to pin the Buffett tip on Gupta.

I wonder when the other call was; reports don’t specify.

Loeb also made four calls to Galleon’s Adam Smith on October 23, 2008, the same day that prosecutors say Gupta told Rajaratnam that Goldman Sachs would lose almost two dollars a share.

That’s pretty damning. And it’s on tape.  But Loeb hasn’t been fingered.

Instead, the government has gone straight for the jugular of Rajat Gupta.

You have to wonder why.

New Albany Bill Targets Anonymous Cyber Trolls (Yay!)

An interesting new bill aims to cut down anonymous trolls on the net.

“A new bill in Albany has its sights set on anonymous internet trolls. The Internet Protection Act would require sites to have online commenters identify themselves.

The Act, sponsored by Assemblyman Dean Murray (R-East Patchogue) and Senator Thomas O’Mara (R-Big Flats), would require New York-based websites to “remove any comments posted on his or her website by an anonymous poster unless such anonymous poster agrees to attach his or her name to the post.”

(Gawker be warned.)

I dare say it won’t pass constitutional tests, but there may be good reason to raise the issue and hope for a constitutional amendment that would allow free speech protections to be applied more selectively to genuine political criticism or public interest commentary.

The hope is instead to hamper speech that is injury, defamation, false light or cyber-bullying.

While SOPA (like the NDAA) was written too broadly,  that doesn’t mean more thoughtful approaches to delimiting free speech in the public sphere should not be tried.

This bill comes at the same time that Preet Bharara, US Atty for the Southern Dt Of New York, penned an article about the growing menace of cybercrime in the NY Times – cybergeddon, he calls it.

I’m not sure what his motives are in labeling it thus, but he’s not wrong about the extent of cyber crime, from hacking to bullying.

It’s all very well to argue for counter-speech as the only remedy for defamatory speech on the net (the default libertarian position).

That argument leaves the net wide open to the most powerful media monopolies and networks joining forces to squash legitimate criticism from lone individuals, while allowing the monopolies the ability to amplify their own slanders and lies.

The playing field hasn’t been leveled by the internet, as some mistakenly believe. The internet actually empowers the criminal and the corporate racketeer (do I repeat myself) to a far greater degree than it does legitimate journalists or commentators.

As for the “chilling effect” of restrictions on anonymous speech  – bunkum.

With all the free speech available in the US,  with all the freedom afforded anyone  to write the most vulgar, false trash about anyone, did the mainstream media get to any important stories in time? No.

Were the people who got to those stories hiding behind anonymous handles? No.

Did the stories involve crude personal attacks and name-calling? No.

Most of the big stories were broken by responsible journalists writing openly (both in the mainstream and in the alternative press –  for example, the excellent, “Den of Thieves” written decades ago)… or they were disclosed by whistle-blowers using their own names.

The Enron story, it is true, was broken open because of  short-seller analysis.

Fair enough, if the analysis was done legally. My point is not to say short-sellers aren’t god’s children. It’s to say that it’s not necessary to break the law if you’re a good analyst.

No need for hacking, espionage or theft or abuse.

Correction: Enron actually confirms my thesis. Jonathan Weil, an excellent reporter, is the one who broke the story. All Chanos did was use his research to trade. Big effin’ deal.

Besides,  a smarter analysis of the Enron story is not that short-sellers got to it before anyone else, because they were pursuing their own self-interest (journalists pursue their own self-interest too).

The smarter analysis is this:  Were journalists actually doing their job and not under the corrupt influence of  money (activist hedge-funds paying them off for negative stories and managers paying them off for positive ones), they would have figured out what was going on a long time before.

The whole leverage racket was laid out in detail in “Den of Thieves” long before Enron blew up.

The myth of the anonymous truth-teller is just that. One of those myths that have turned “free speech” into a tyranny of the mind, the very opposite of free speech.

That is what democracy tends to do. The demos are never smart enough to reason things out in any kind of nuanced way, so what starts out as a good idea turns into a slogan that is pushed so extremely it turns into the very opposite of itself.  It becomes a propaganda tool of corporations, states, and criminals…

There is room for anonymous criticism, but to pass muster it must be couched in reasonable language (i.e. the opposite of the filth purveyed by anonymous message board-bashers in the financial industry) and it must include some evidence.

All other forms of critical speech must be presumed to be false or baseless speculation and must be disallowed as potentially felonious.

Why should short-sellers and promoters not be held to the same professional standards applied to managers and employee?

I wouldn’t be sorry to see criminal sanctions against anonymous abuse, equal to the sanctions levied against the physical equivalent of the abuse.

Thus, IP theft should be treated like robbery; email hacking  of sensitive personal information or business information should be treated like breaking and entry; computer monitoring and surveillance should be treated like physical stalking; vulgar abuse of the kind doled out against women (Matt Taibbi, Daniel Loeb,  and a few others come to mind) should be treated like assault; posting of personal details (such as some of the stuff on Gawker) or hacked emails or private conversations should be treated as rape, voyeurism.

This is not delusion.

Decades of psychiatric and psychological research have shown that verbal abuse leaves greater damage than any physical abuse short of the most extreme. Women in domestic abuse cases have said the same thing. So have children who suffer emotional and verbal abuse, and so have victims of government torture.

Even the CIA has reached the same conclusion. That is the rationale behind “no touch” torture codified in the KUBARK manual, where psycho-sexual  and religious imagery is used to break down the sense of identity of the victim. It is real. It is traumatic. It is torture.

Free speech arguments meanwhile have lagged two centuries behind, beating the same tired drum of the “slippery slope” that ostensibly runs from kicking the pants of  the average net psychopath to the coming of the Fourth Reich.

Rubbish. The truth is exactly the opposite. It was the Nazis – like Julius Streicher – who used the most violent sexual and racial language to dehumanize the Jews and inflame the population.

Besides, to my mind, the Fourth Reich, or some version of it, is already here. This is it. This is how it operates. Through spying, blackmailing and pornographically violent abuse on the internet.

If you can’t see that, you are its tool or its victim.

The Nazis  of yesteryear live on in their new incarnation in the financial world today and in the media of the modern West.  Pornographic gossip sites, voice-mail hacking, cyber-stalking, blackmailing…what are these but the methods of Nazis? And this “freedom” is what the this government wants to export all over the world through its NGO mouth pieces.

This tyranny of porn abuse that keeps women out of political life, forces them out of the media,  harasses them in their business life, terrorizes them in their personal lives; that turn them into pieces of meat that can be hung out in public for any man to randomly spit on and abuse, prod and poke and jeer at.

This is what the West exports as its great emancipation of women, the centerpiece of its civil society.

This it exports to cultures far more protective of women and children than the West  has ever been. This it uses as its rationale to bomb and destroy countries.

This is the means by which cowardly hedge-fund managers, hiding behind anonymous handles and piles of ill-gotten cash, savage strangers with lies, squash subpoenas, silence whistle-blowers, and bend the terms of contracts to make a mockery of justice.

Except for one eccentric businessman I don’t see anyone else wise to what’s going on, or if wise to it, either brave enough or honest enough to take the part of the victims.

The crooks, like all crooks, have opted for the winning side, and the rest are silent.

Well, critics say, wouldn’t a new law also be subject to abuse?

Perhaps. But perhaps not, if it was written astutely.

It might instead be a help to victims of cyber-bullying and fraud who are struggling against the widespread misuse of free speech protections to commit criminal acts.

It all depends on how the new laws will be written.

It’s really  not a question of new laws at all, but a rethinking of the original laws and what they entail in the age of virtual reality, mind-control, trauma-based conditioning, mind-reading software, and psycho-sexual torture.

It is not a question of government versus the rest of us. With government directly  behind 40 percent of the economy and enmeshed in the other 60 percent, the government IS US. We are the government.

It is from “us” that politicians are drawn, media pundits are drawn, courts and corporations and armies are drawn.

Where is the bright line between businesses and government? I don’t see it. We all use Google, in bed with the CIA, we use the dollar, propped up by B52’s and napalm, by easy money and Fed policies.

We all fall silent when we should speak, speak half-truths when only the unvarnished truth will help,  or talk so much and with such forked tongues that our truths might as well be lies.

Speech and act are not as far apart as our current laws take them to be.  Holistic approaches to the human body that take into account the ancient Vedic sciences of energy (of which yoga is a part) demonstrate that the body is not only the physical body but also its emotional and energetic sheaths.

In fact, those energetic sheaths are much closer to ourselves than our physical bodies.

And injury to them is often more damaging and long-lasting than to the body.

Just read the comments and posts on forums and boards all over the net and ask yourself if public culture here isn’t criminal.

I don’t think the internet culture in India or anywhere else is nearly as bad, at least from the evidence of the comments.

It is the internet here in the US that is most awash with criminality. And it is here that the clamp-down should begin.

Exercise self-restraint, or restraint will be forced on you, one way or other

…that’s the way life seems to work.

McKinsey: Ground Zero Of Outsourcing

Just a thought.

McKinsey is Ground Zero for outsourcing.

The Gupta trial is really a spectacle intended to appease the American masses.

That’s why the FBI is going after him on such a scale, with wire-taps spread out over years.

No doubt, if Gupta did betray corporate board confidences, that certainly wasn’t right and he should be reprimanded and fined, as warranted.

But this degree of attention and media hooplah has more to do with optics. The optics of diverting attention from the real perps.

This entails diverting attention away from the largely Anglo-Jewish ethnicity of the most egregious and important figures in the financial crisis and redirecting it to a non-white foreign group that is exceptionally successful and therefore likely to attract envy and hostility from the American working population. 

Affluent businessmen will also garner no sympathy from the left, which might otherwise side with a minority.

The trial also diverts attention from the origins of the  financial heist, mostly in the financial industry (Federal Reserve, JP Morgan, Goldman Sachs, hedge-funds), abetted by the incompetence of  the government (SEC and FBI) and the failure of the Wall Street media.

By focusing on McKinsey and making Goldman Sachs a witness for the prosecution, the government gets to rehabilitate Goldman, give Mr. Blankfein’s reputation a bit of a polish. cover up its own incompetence, and simultaneously rehabilitate the US media, which fell down on the job abysmally.

Most important of all, the trial re-frames the financial crisis and makes the kingpin of the outsourcing industry and its foreign chief the villain of the piece.

That plays nicely to nativist sentiment.

Robert Locke: The Marxism Of The Right

Some good points in this essay by Robert Locke in The American Conservative about the fatuity and insularity of the mutant species called American libertarianism.

My positions are much closer to the classical liberal, but, for a long time I believed I was one too.

Now, I don’t.

Whatever the merits of libertarianism in theory, in practice most American (and Indian) libertarians strike me as faddish, dogmatic, insular, shrill, and intellectually superficial.

And not a few of them here seem to be flim-flam men of various kinds. I can see why they would embrace a content-less notion of liberty.

And, I no longer think libertarian anti-war positions are really meaningful either. I think most of  that is  posturing, unlikely to have any impact and adopted solely for the sake of  popularity.

There are a few exceptions, like Justin Raimondo and the Independent Institute  left libertarians (Long, McElroy etc.), who are honorable sorts. Then there are a handful of (real) Christian libertarians.

But the common or garden financial world libertarian is a wretched fraud and fools no one but himself…maybe not even himself. Libertarianism  in the financial world is mostly an ideology that allows the  predominantly Jewish elites (assiduously supported by their Gentile chamchas) to excuse uncivilized and predatory behavior toward the community in which those elites derive their income, while simultaneously posing as victims.

Gentiles accept this kind of thing because they are relatively powerless.

The PC cries of anti-semitism are only meant to prevent the masses from recognizing, naming and fighting this kind of ethnic supremacist thinking, no different in its way, however offensive the comparison might sound, from Nazism.

And there are also a whole lot of corporate sociopaths who mouth libertarian slogans as an excuse for their aberrant behavior.

Meanwhile, where the fight has counted, even the honorable  libertarians have been AWOL, or busy defending various shady personalities, compromising themselves in the process.

“Libertarian naïveté extends to politics. They often confuse the absence of government impingement upon freedom with freedom as such. But without a sufficiently strong state, individual freedom falls prey to other more powerful individuals. A weak state and a freedom-respecting state are not the same thing, as shown by many a chaotic Third-World tyranny.

Libertarians are also naïve about the range and perversity of human desires they propose to unleash. They can imagine nothing more threatening than a bit of Sunday-afternoon sadomasochism, followed by some recreational drug use and work on Monday. They assume that if people are given freedom, they will gravitate towards essentially bourgeois lives, but this takes for granted things like the deferral of gratification that were pounded into them as children without their being free to refuse. They forget that for much of the population, preaching maximum freedom merely results in drunkenness, drugs, failure to hold a job, and pregnancy out of wedlock. Society is dependent upon inculcated self-restraint if it is not to slide into barbarism, and libertarians attack this self-restraint. Ironically, this often results in internal restraints being replaced by the external restraints of police and prison, resulting in less freedom, not more.

This contempt for self-restraint is emblematic of a deeper problem: libertarianism has a lot to say about freedom but little about learning to handle it. Freedom without judgment is dangerous at best, useless at worst. Yet libertarianism is philosophically incapable of evolving a theory of how to use freedom well because of its root dogma that all free choices are equal, which it cannot abandon except at the cost of admitting that there are other goods than freedom. Conservatives should know better.”

One criticism of that last paragraph. Libertarianism is more a theory of how society is best ordered. It doesn’t set itself the task of choosing the individual ends each person pursues, i.e. how they will use freedom. Nor does it really say all choices are equal. It says all choices are equally valid choices. A different thing,

A more accurate criticism would be to point out that when all choices are allowed to be valid choices, it leaves open the possibility that some of the choices will end up destroying society as a whole.

A simple way to put it is this. Without a clear and correct idea of what is the good life, and without some restraints on individuality, preferably imposed by social codes and mores more than a proliferation of laws, libertarian societies will tend to move very quickly to totalitarianism.

That is precisely what has happened in the US, although observers keep trying to say the answer is “more liberty from government.” Yes, of course, government should be limited.

But before that can happen, we need something else. More self-restraint.

Can’t have one without the other. Or you get a criminal society. And a criminal society will always tend toward totalitarianism.

But you’ll never hear that from libertarians.

Dalit Christians Being Reconverted And Made Brahmins

From Haindava Kerelam, a clever initiative aimed against Christian proselytizing, as well as against denunciations of Hinduism because of caste:

In an Agniveer sponsored event, 40 Christian families in Western UP reverted back to Vedic Hindu Dharma yesterday jettisoning fanatic belief that those who do not believe in some son of God would go to eternal Hell.

Of these 40 families, one member from each family will receive training as Purohit from Agniveer so that they become respected Brahmins and are able to conduct religious and social rituals. Also they would be able to conduct Vedic induction ritual for others. This is our way of slapping the faces of casteism and blind evangelization.

Leonard Cohen: Joan Of Arc

A great libertarian figure and my favorite historical character…..in a song by one of my favorite song-writers.

Joan of Arc, by Leonard Cohen

Now the flames they followed Joan of Arc
As she came riding through the dark;
No moon to keep her armor bright,
No man to get her through this very smoky night.
She said, I’m tired of the war,
I want the kind of work I had before,
A wedding dress or something white
To wear upon my swollen appetite.

Well, I’m glad to hear you talk this way,
You know I’ve watched you riding every day
And something in me yearns to win
Such a cold and lonesome heroine.
And who are you? she sternly spoke
To the one beneath the smoke.
Why, I’m fire, he replied,
And I love your solitude, I love your pride.

Then fire, make your body cold,
I’m going to give you mine to hold,
Saying this she climbed inside
To be his one, to be his only bride.
And deep into his fiery heart
He took the dust of Joan of Arc,
And high above the wedding guests
He hung the ashes of her wedding dress.

It was deep into his fiery heart
He took the dust of Joan of Arc,
And then she clearly understood
If he was fire, oh then she must be wood.
I saw her wince, I saw her cry,
I saw the glory in her eye.
Myself I long for love and light,
But must it come so cruel, and oh so bright?

“Joan of Arc” as written by Leonard Cohen
Lyrics © Sony/ATV Music Publishing LLC

The Scapegoating Of Rajat Gupta?

It has to be said that in USA where Mr Corzine who ran a big company to bankrupty and violated many laws has not even been charged because he is an insider, where any number of big financial institutions have grossly violated laws bringing billions of dollars of losses to American taxpayer and untold misery to the world at large without a single serious conviction – they are going for a case against a man of honor where no motives have been established.

I think this is a very important trial and the world is watching.Is America a country where rule of law works or is it a country driven by its current political expediency”

—  From the website, FriendsofRajat, which suggests that Rajat Gupta, former McKinsey and Goldman Director, now undergoing a criminal trial on insider trading charges, is being scapegoated. (I’ll grant that that an endorsement from billionaire Mukesh Ambani, one of the richest men in the world,  may actually hurt Gupta in this context)

Mind you, I don’t agree with the lib shibboleth that insider-trading is a non-crime. There are all kinds of insider trading, and some types do fit that description.

However, corporate directors who disclose confidential and privileged information to enrich themselves (assuming the Gupta charges stick) are being unethical and abusing their fiduciary duties at the least; quite likely, they’re acting illegally.

But that indictment of Gupta simply isn’t available to anarcho-caps who routinely defend insider-trading as a voluntary capitalist exchange, unfairly and ignorantly targeted by law-makers.

If it’s fine and dandy at other times, it should be fine and dandy for Gupta too.

So, what I’d like to know is where are all those “radical” libertarians who are always defending guys like Marc Rich and Ivan Boesky and even Bernie Madoff?

Where are they now?

After all, Gupta didn’t run a shameless ponzi scheme , like Madoff, and he didn’t bilk clients and charities.

He didn’t bankrupt his company, like Sandy Weill or Jon Corzine .

Or steal from customers (like Citi).

Or treat his clients like marks (Goldman).

Or bribe (Goldman).

Or collude to naked-short struggling companies (Goldman and its hedge fund mafia).

He didn’t launder money for organized crime as Boesky and Milken are alleged to have done.

He didn’t blackmail or threaten public officials (certain hedge-funds that shall remain nameless).

He didn’t undermine national security or trade with the enemy (Marc Rich).

He didn’t set up anyone to be killed or embroil himself with the CIA or with conspiracies to murder (also, Rich, per Sherman Skolnik).

On the contrary, he has a long history of educational and charitable work and the confidence of the entire gamut of global corporate leadership.

And the victim of his alleged crime is none other than Goldman Sachs,  one of the sleaziest firms in corporate history, co-star with Alan Greenspan in the Financial Follies of the last twenty years.

Face it. Everyone seems to have been behaving unethically at Goldman Sachs for decades. Next to full-blown villains like Hank Paulson and Jon Corzine, Gupta’s alleged sins are small potatoes.

Rajat Gupta doesn’t even appear on the establishment’s own lists of the villains of the financial crisis.

Time magazine’s list of the 25 people responsible for the financial crisis doesn’t have Rajat Gupta on it.

Nor does he appear on Vanity Fair’s list of the 100 people and things we should blame for the financial crisis.

But…but… one of the people testifying as a government witness against him, Lloyd Blankfein, does.

Blankfein,  witness for the prosecution on insider jobs,  was in up to his neck in that

gigantic 2008 insider trade called the bail-out,

I  had been watching Goldman for a while by then. And Rajat Gupta wasn’t involved in that.

Hank Paulson and Blankfein and Tim Geithner and Hank Greenberg were.

Where do you suppose Gretchen the-most-important-journalist-of-her-generation-Morgenson, a known plagiarist who never wrote a syllable about Goldman before I wrote this article, “Putting Lipstick on an AIG,” got her own sudden interest in the matter?

And where do you suppose Matt “Hunter  S. Vampire Squid” Taibbi got his take on Goldman?

And why d’you suppose he spun that story to erase Hank (AIG) Greenberg out of it – the same Hank I indict in my piece and the same Hank who shows up on those establishment lists along with another better-known Hank (Goldman Sachs) Paulson, whom I also fingered in 2006-07 in multiple pieces?

If insider trading is a victimless crime, as Murray Rothbard, demigod of American Austrians says it is , seems like the Lew Rockwell libertarians  would be running to the defense of Mr. Gupta, right?

I mean, if they can defend a corporate villain like BP that inflicted serious injuries on the public, not just paper-cuts, as Mr. Gupta is alleged to have, shouldn’t they be falling over themselves to defend this case?

But they aren’t, are they?

And should that be put down to opportunism…or to racist feeling…or maybe even to envy?

Elattuvalapil Sreedharan: A Man Too Good For Mass Recognition

The blog Kaipullai.com has a tribute to a government servant who got around India’s bureaucracy to perform feats of engineering that put to shame all the  “free-marketers” ( or, more accurately, corporate and crony capitalists) of the last twenty years of privatization.

The man is Dr. E. Sreedharan, who recently retired from the leadership of the Delhi Metro Corporation.

Dr. Sreedharan’s achievements suggest that sensible libertarians should avoid demonizing everyone who works in the government or attributing all things anti-social to their actions.

Check out this description of one of Dr. Sreedharan’s earliest feats – restoring a bridge destroyed by a cyclone:

“At that time, Dr Sreedharan was a Deputy Engineer in the Southern Railway. And this piece of wreck was in his territory. Indian Railways, gave Dr Sreedharan six months to restore connectivity to Rameshwaram. Which was asking a lot considering

Dr. Sreedharan, had to convert this

To

IN SIX MONTHS

Dr Sreedharan finished the job in ..FORTY SIX DAYS (1964).

He took one month and 15 days to restore, THAT bridge, back to full operation. The bridge which was India’s longest sea bridge for 96 years, till the Bandra Worli Sea Link was inaugurated in the year 2008.

Forty six days to restore this 2.3 Km bridge in a state where

THIS BRIDGE

took six effin months to restore after being washed away by a flash flood, in 2006.

There are some achievements that look cool, but once you get an award, you completely forget about them. And then there are some you won’t forget, even if you suffer a total memory loss.

This was one of those things.

For all this trouble, Dr Sreedharan got a Railway award consisting of Rs 100 and an awful looking plaque.”

The post ends this way:

“So let me just encapsulate, if that can be done, what Dr Sreedharan has done for the country

1. He restored India’s longest sea bridge which was completely destroyed, in 46 days.

2. He designed India’s first Metro.

3. Supervised the building of India’s first indigenous Merchant vessel.

4. Executed India’s most difficult project since Independence.

5. Gave Delhi wallahs, something called the Metro.

6. Predicted India’s biggest corporate fraud, three months before it happened.

I don’t know how the Bharat Ratna [LR: India’s highest civililan award] nomination thing works. But I believe you stand a chance if you have done something good for the country. Now tell me, what has Dr Sreedharan not done for the country?

I mean when you can consider a guy who sells a computer anti-virus on prime-time television for India’s highest civilian award, Why is there not a whisper about a guy who has ensured 400,000 people on the western coast of India saw a train for the first time?

Or, was responsible for a sharp drop in road-rage killings in Delhi?”

Read the whole post at Kaipullai’s Vetti Thoughts.

I dug around a bit after reading the blog, and found that since retiring,  Sreedharan  has become president of an NGO (non-governmental organization) called Foundation for Restoration of National Values,  an outfit to which Ratan Tata,  of the famous industrial family,  also belongs. In that capacity, he has been campaigning for the introduction of  a stringent anti-corruption law and, interestingly, has lent public support to Anna Hazare’s anti-corruption movement.

The Anna Hazare movement, an Indian version of OccupyWallStreet,  according to its supporters in India , has been endorsed (and claimed ) by Wikileaks’s Julian Assange.

[Assange has just lost his extradition appeal in UK and will be going back to Sweden to face rape charges that his supporters believe are trumped up.]

Critics of Anna Hazare include those on the anarchist left, like Arundhati Roy, as well many on the anarchist and/or nationalist right.

The former see Hazare’s emphasis on anti-corruption as a kind of moral dilution of their fundamentally anti-state position.

The latter see Hazare  as a Trojan horse for corporate and neo-colonial interests intent on breaking down national governments and religious/cultural identities through the mechanism of a transnational anti-corruption regime.

Corporate and NGO interests manipulate naive libertarians with anti-government rhetoric intended to get them on board what’s really a scheme for global management.

The globalists ultimately want to turn nation-states into surveillance units where citizens voluntarily monitor themselves and each other in a world-wide panopticon.

(I’ve blogged about this dozens of times last year).

Back In A Couple Of Months

I’ll be shutting down this blog again for a couple of months.

What with the NDAA, it might be wise to wait a bit until I have a better sense of where things are going.

If anyone is interested in being informed when I have it up again, please shoot me an email with your name, email address, and a line or two about yourself, so I can be sure I’m dealing with a real human being.

Thanks to W.F for writing. I will keep you on my list.

I’ll be leaving the blog public for a couple of days before I take it off the web.

I wanted to leave you all with a wonderful resource that brightened my day recently and might brighten yours:

atmajyoti.org, the site of the atmajyoti monastery and nightlotus.com, the site of former Hollywood film producer, Hindu monk, singer and writer, Sharon Janis, who also calls herself Kumuda or night-lotus.

Sharon has put together a huge range of Hindu texts in various translations, along with recordings of chanted versions, as well as her books on the subject. There are dozens of beautiful, authoritative websites of Hinduism on the web, but some are written by non-native speakers of English, so they don’t always makes graceful reading; others are scholarly, but lack the insight that the practice of religion brings; still others are crude.

This one hits it note-perfect.

Nothing to do with the economy or politics, but everything to do with human liberty and individualism.

I particularly recommend the chapter The Christ of India both for its spiritual and its political implications. I for one firmly believe the globalists intend to destroy evidence that the origins of Christianity and Judaism are to be found in the Vedic tradition.

That may well be the ideological reason for their support of the Islamicist claim to Kashmir. There are, of course, compelling strategic reasons, but I think this ideological agenda might be more important than most people would guess.

Addition: 1/8/12

Just to make it clear, I don’t subscribe to everything posted on either site. The notion that Christ went to Kashmir, for instance, is disputed by orthodox Biblical scholarship, just as orthodox scholarship disputes the theories behind Zeitgeist, the enormously influential movie based on “The Christ Conspiracy,” by Acharya S.

Acharya S., who is a skeptic and humanist scholar of comparative mythology, actually takes the position that Jesus was not a historical figure and that the globalists of the time used the mythology of Christ, cobbled from pre-existing mythologies, to buttress the rationale of empire.

In my view, that’s inaccurate. There’s enough historical evidence to believe fairly certainly that Jesus was a historical figure who was crucified under the Romans. Beyond that, it gets confusing.

With that caveat, it’s documented that the tenets of Sanatana Dharma inform practically every aspect of New Age thought, contemporary Christian mysticism, Sufism (born in India), Buddhism (also born in India), for it to be mandatory that anyone discussing questions related to these issue study their roots in the Hindu tradition and its subversion, appropriation, use and misuse in the West.  In these texts, and in the still untapped reservoir of Vedic science and literature, you will recognize everything from David Icke’s fables about lizards and moons to Gurdjieff, to Nietzsche, to Yeats, Lawrence, Rand, Scriabin, Tesla, Emerson, the Transcendentalists, Hasidic and Sufi mysticism, the so-called prosperity gospels (“Think and Grow Rich”, the Law of Attraction and so on), Jefferson (who studied the Upanishads and Vedas), Freemasonic ritual (the inner rites were perversions, I believe, of Tantric initiation), Blavatsky, Fritjof Capra, Heisenberg, Planck, Einstein, Ramanujan, Bose, the Internet, nuclear power, radio waves, alternative medicine (ayurvedic, homeopathic), the environmental movement,  yoga, the animal rights movement, Edgar Cayce, and of course all the New Age gurus from Da Free John to Robert Pirsig.

In those texts, you will find the most inclusive and systematic exposition of the spiritual and intellectual basis of global spiritual consciousness. That is not an exaggeration. It is an opinion I share with some of the most notable thinkers in the West including Schopenhauer and Romaine Rolland. [Some of these people may have absorbed the influence subconsciously, but it is nonetheless demonstrable in every case.]