Mosquito eradication efforts in South Carolina have gone horribly wrong, resulting in almost total devastation to the indigenous bee populations. The pesticide used to target the Aedes albopictus and Aedes aegypti species of mosquito, which can carry and transmit the Zika virus, killed off millions of bees.
On Sunday morning, Dorchester County engaged in aerial spraying of an insecticide called naled, an insecticide that is banned in numerous countries, but legal for use in the U.S. since 1959. The county had used the insecticide previously but had only sprayed using trucks in the mosquito control program.
The near hysteria regarding the Zika virus, as there are several dozen cases of travel-related Zika in South Carolina, prompted Dorchester officials to make an ill-advised move to begin aerial spraying – even though the state health department reports no one has yet acquired the disease from a local mosquito bite.
The effects from the aerial spraying were disastrous.
Juanita Stanley, co-owner of Flowertown Bee Farm and Supply in Summerville described the aftermath of the spraying as being nothing less than total devastation after reporting the loss of 46 hives and over 2.5 million bees.
“My bee yard looks like it’s been nuked,” Stanley told the Associated Press.
The county says it provided plenty of warning, spreading word about the pesticide plane via a newspaper announcement Friday and a Facebook post Saturday. However, Stanley disagreed with the contention that fair warning was given.
“Had I known, I would have been camping on the steps doing whatever I had to do screaming, ‘No you can’t do this,’” Stanley said in an interview with Charleston’s WCSC-TV.
In response to the millions of bee deaths, county officials issued a statement Tuesday saying they were “aware that some beekeepers in the area that was sprayed on Sunday lost their beehives.”
Although naled kills mosquitos, and people are afraid of Zika related encephalitis, which has been attributed to the insects, the known effects of naled may actually be exponentially worse than anything Zika can muster for a broad cross-section of the population.
Like all organophosphate insecticides, NALED (DIBROM) is primarily for mosquito control. Roughly one million pounds are used annually in the U.S. Like all organophosphates, naled is toxic to the nervous system. Symptoms of exposure include headaches, nausea, and diarrhea. Naled is more toxic when exposure occurs by breathing contaminated air than through other kinds of exposure. In laboratory tests, naled exposure caused increased aggressiveness and a deterioration of memory and learning.
Naled eventually breaks down after spraying into dichlorvos (another organophosphate insecticide), which has been shown to interfere with prenatal brain development. In laboratory animals, exposure for just 3 days during pregnancy when the brain is growing quickly reduced brain size 15 percent.
Dichlorvos also causes cancer, according to the International Agency for Research on Carcinogens. In laboratory tests, it caused leukemia and pancreatic cancer. Two independent studies have shown that children exposed to household “no-pest” strips containing dichlorvos have a higher incidence of brain cancer than unexposed children.
Aerial applications of naled can drift up to one-half mile. According to the U.S. Environmental Protection Agency, naled is moderately to highly toxic to birds and fish. It also reduced egg production and hatching success in tests with birds and reduced growth in tests with juvenile fish.
Exposure to naled has multiple effects on behavior. In a study conducted by naled’s manufacturer, naled caused reduced muscle strength, slow responses to stimulation, and reduced activity in rats. These behavioral changes occurred at all but the lowest dose level tested in males and all dose levels tested in females, suggesting that females are more sensitive than males to naled poisoning.
Exposure to naled’s breakdown product dichlorvos causes increased aggression and impaired memory. A study by biochemists found that fighting aggression was increased about 5 times.
South Carolina had a total of 43 confirmed Zika cases as of Aug. 26, none of which were contracted from local mosquito bites. The fact that such a highly toxic substance is being sprayed down upon people and insects alike is shocking given the facts relating to Zika in South Carolina.
It seems clear that the problems inherent to naled are potentially worse than Zika itself. Given the fact that so few people are infected with Zika – none by local mosquitos – in combination with the known devastating effects of naled, it seems like the solution is a bigger danger than the initial problem.
Is it any surprise that this dangerous insecticide is completely banned in Europe?
What is taking place is nothing less than ecological genocide, as all the beneficial native species are killed off in addition to the targeted mosquitos. To ineffectively combat a virus that will minimally affect people, by risking the health of our bees, as well as a large number of people, seems like an extremely dangerous proposition — and overall bad idea.
The county has since opened a call center to receive information on losses connected to the spraying.
Editor's note: According to the Daily Mail, which reported this story on October 28, the video in question has not been independently verified.
A video that seemingly bolsters Russian claims of Turkish government complicity with the Islamic State highlights the casual relations between the terror group and Turkish officials.
Turkey has been accused of being one of the main benefactors of the ISIS terror group, accused of providing logistics, financing and military hardware. These accusations are particularly startling as Turkey is a member of NATO, a collective security group obligated to go to war if a member state is attacked.
The amateur footage reportedly shows ISIS militants and Turkish border guards holding a relaxed conversation near the Syrian city of Kobane, according to the Daily Mail. The amateur footage, taken near Zarova Hill on the outskirts of Kobane, was uploaded to YouTube on Oct. 28, 2014.
According to the report in the Daily Mail:
It appears to show two heavily armed militants wandering nonchalantly up to the Turkish border fence – displaying shocking bravado as they smile and wave at the camera.
They are met by what appears to be a military vehicle full of security officials who, despite carrying weapons themselves, do little more than break into conversation with the jihadis, who eventually wander off back into Syria while shouting ‘Allahu Akbar’…
The clip begins with the two apparent jihadists lighting fires near a group of cars, which are believed to have been abandoned by desperate Kurdish families who fled Kobane in recent weeks when ISIS militants stepped up their attacks on the city.
After appearing to realise they are being filmed from inside Turkey, the pair start walking towards the border fence, stopping only to mockingly wave at the amateur filmmaker.
As they reach the border fence, an armoured military vehicle belonging to Turkish border guards speeds up to meet them. Heavily armed officials jump out the back of the car and – after briefly talking on their radios, simply engage the men in conversation.
At one point the situation appears tense and a border guard scampers towards the militants with his gun briefly raised, but he stops seconds later and also begins talking to the men.
After several minutes chatting, the militants wander off, defiantly raising their index finger to the sky to represent jihadism while chanting ‘Allahu Akbar’ – a phrase that translates as ‘God is the greatest’.
The Turkish government has repeatedly been accused of being one of the largest state sponsors of the Islamic State. International security expert Nafeez Ahmed has repeatedly documented the fact that Turkey acts as a state sponsor of ISIS. According to a report in Insurge Intelligence by Ahmed:
Earlier this year, the Turkish daily Meydan reported citing an Uighur source that more than 100,000 fake Turkish passports had been given to ISIS…
A senior Western official familiar with a large cache of intelligence obtained this summer from a major raid on an ISIS safehouse told the Guardian that “direct dealings between Turkish officials and ranking ISIS members was now ‘undeniable.’” The same official confirmed that Turkey, a longstanding member of NATO, is not just supporting ISIS, but also other jihadist groups, including Ahrar al-Sham and Jabhat al-Nusra, al-Qaeda’s affiliate in Syria…
Turkey has also played a key role in facilitating the life-blood of ISIS’ expansion: black market oil sales. Senior political and intelligence sources in Turkey and Iraq confirm that Turkish authorities have actively facilitated ISIS oil sales through the country…
Last summer, Mehmet Ali Ediboglu, an MP from the main opposition, the Republican People’s Party, estimated the quantity of ISIS oil sales in Turkey at about $800 millionâ€Š—â€Šthat was over a year ago.
By now, this implies that Turkey has facilitated over $1 billion worth of black market ISIS oil sales to date.
Turkey is ruled by a neo-Islamist regime bent on taking out the Assad government in Syria through the use of terrorist proxies and is working to defend its terrorist allies in Syria.
After the downing of the Russian fighter jet, Russian President Vladimir Putin succinctly laid out what has been taking place, placing blame for the continued growth of the Islamic State directly on the Turkish government:
“We have long been recording the movement of a large amount of oil and petroleum products to Turkey from Isis-occupied territories. This explains the significant funding the terrorists are receiving. Now they are stabbing us in the back by hitting our planes that are fighting terrorism. This is happening despite the agreement we have signed with our American partners to prevent air incidents, and, as you know, Turkey is among those who are supposed to be fighting terrorism within the American coalition…
If ISIS is making so much money – we are talking about tens or maybe even hundreds of millions, possibly billions of dollars – in oil trade and they are supported by the armed forces of an entire state, it is clear why they are being so daring and impudent, why they are killing people in such gruesome ways, why they are committing terrorist attacks all over the world, including in the heart of Europe."
The fact that NATO continues to allow membership to Turkey, after its blatant support of the Islamic State, should raise serious questions as to who the U.S. calls its allies. If the U.S. truly wants to stop the Islamic State it would seem logical to call Turkey out for its continued state support of ISIS/Daesh. Turkey is one of the biggest supporters of global terrorism and a member of NATO. Will the Western world allow itself to be dragged into a potential global war due to an alliance with a Turkish government that refuses to cease its support for the Islamic State?
Paris, France – The Anonymous hacking collective has reportedly taken down over 5,500 Twitter accounts purported to belong to Islamic State members following their declaration of “total war” on the terrorist group after the Paris attacks.
The announcement comes less than 24 hours after hacktivist group warned of a coordinated and targeted attack against the Islamic State in the wake of the deadly wave of terror attacks across Paris.
Anonymous spokesman Alex Poucher told RT:
“Our capability to take down ISIS is a direct result of our collective’s sophisticated hackers, data miners, and spies that we have all around the world. We have people very, very close to ISIS on the ground, which makes gathering intel about ISIS and related activities very easy for us.”
Poucher went on to say that the groups hacking acumen “might be better than any world government’s tools to combat ISIS online,” adding that although ISIS has its own hacking core, the terrorist group “does not have hackers like we have hackers.”
“They picked a fight with Anonymous when they attacked Paris, and now they should expect us,” he said, adding that the collective “will not sit by and watch these terror attacks unfold around the world.”
Anonymous has targeted ISIS in the past, dismantling 149 Islamic State websites so far this year, according to Foreign Policy. The hacktivist group began operations against the Islamic State following their brutal attack on Charlie Hebdo in January.
On Monday, Anonymous released a video announcing that the group would “launch the biggest operation ever” against Islamic State.
The hacking collective vowed to “unite humanity,” warning the terrorist group to “expect massive cyber-attacks.”
“Anonymous from all over the world will hunt you down,” the masked Anon spokesman in the video said. “You should know that we will find you and we will not let you go.”
ISIS responded to Anonymous’ video on Monday, calling the hacktivist group “idiots” and offering technical guidance to ISIS supporters in an effort to protect against Anonymous cyber-attacks.
In spite of the ISIS insults aimed at Anonymous, judging by the initial results, it seems the Islamic State is impotent to stop the hacktivist group from decimating the terror group’s social media outreach and recruitment efforts.
Russian president Vladimir Putin has announced that he has shared intelligence with the other G20 member states, which reveals the 40 countries from which ISIS finances the majority of their terrorist activities. The list reportedly included a number of G20 countries.
“I provided examples based on our data on the financing of different Islamic State (IS, formerly ISIS/ISIL) units by private individuals. This money, as we have established, comes from 40 countries and, there are some of the G20 members among them,” Putin told reporters.
#Putin: #ISIS income comes from #oil trade. I showed my colleagues satellite images of endless truck columns. #G20 https://t.co/Dh70rNHjiV— Russia Direct (@Russia Direct)1447683999.0
In addition to discussing the need to stop the flow of donor money to ISIS, Putin also reiterated the need to stop the illegal oil trade by ISIS.
“I’ve shown our colleagues photos taken from space and from aircraft which clearly demonstrate the scale of the illegal trade in oil and petroleum products,” he said.
“The motorcade of refueling vehicles stretched for dozens of kilometers, so that from a height of 4,000 to 5,000 meters they stretch beyond the horizon,” Putin said.
BREAKING: Putin & Obama hold talks on G20 sidelines https://t.co/qhj5hvsKoB https://t.co/VIvpf8wf5n— RT (@RT)1447596926.0
The Islamic State makes an estimated $50 million a month from selling crude from captured oilfields in Iraq and Syria, according to Iraqi intelligence and U.S. officials.
According to a report by Business Insider:
Oil sales — the extremists’ largest single source of continual income — are a key reason they have been able to maintain their rule over their self-declared “caliphate” stretching across large parts of Syria and Iraq. With the funds to rebuild infrastructure and provide the largesse that shore up its fighters’ loyalty, it has been able to withstand ground fighting against its opponents and more than a year of bombardment in the U.S.-led air campaign.
It’s worth noting that within the past 24 hours the U.S. has launched its first strike against an ISIS oil convoy. Prior to Monday, the United States had refused to strike the over 1,000 ISIS controlled tanker trucks out of a stated concern about causing civilian casualties, a dubious assertion at best.
The NY Times reported:
Intensifying pressure on the Islamic State, United States warplanes for the first time attacked hundreds of trucks on Monday that the extremist group has been using to smuggle the crude oil it has been producing in Syria, American officials said.
According to an initial assessment, 116 trucks were destroyed in the attack, which took place near Deir al-Zour, an area in eastern Syria that is controlled by the Islamic State.
The airstrikes were carried out by four A-10 attack planes and two AC-130 gunships based in Turkey.
While the U.S. claims these new operations were planned well in advance of the terrorist attacks in Paris, one can’t help but be suspicious of the timing of the U.S. change in tactics. It seems that the U.S. is being forced closer to the Russian position in the wake of the attacks in France.
During the press conference, Putin went on to stress that an international coalition is needed to more effectively counter the terrorist group, noting Russia’s readiness to support the fight against ISIS.
“Some armed opposition groups consider it possible to begin active operations against IS with Russia’s support. And we are ready to provide such support from the air. If it happens it could become a good basis for the subsequent work on a political settlement,” Putin said.
“We really need support from the US, European nations, Saudi Arabia, Turkey, Iran,” the Russian president added.
In the wake of the claimed ISIS attacks in Paris, perhaps the NATO contingent involved in Syria will now realize that removing Assad is not the primary goal, and that fighting ISIS is the actual mission.
The Russian intelligence analysis of the 40 nations funding the ISIS terror machine were relayed to diplomats attending the G20 summit — but were not released to the media, nor the general public.
Worcester, MA – Four Black Lives Matter (BLM) protestors, charged with disturbing the peace, had their trial date postponed until January 2016. However, the real story that came out of the hearing was the fact that Central District Court Judge Robert Pellegrini ruled that the protesters are banned from wearing clothing with the words “Black Lives Matter” on them in his courtroom.
“How is saying Black Lives Matter on a t-shirt or sweatshirt in a courtroom illegal or somehow disallowed and still have my free speech protected? This whole process is just so demonstrative of the disconnect between the law on paper and the way that the law is actually practiced,” defendant Julius Jones said
The idea that three words written on clothing could disrupt a courtroom is patently absurd. The activists have all plead not guilty and contend that the ruling violates their 1st Amendment right to free speech.
According to a report by The Daily Kos:
Sonya Conner, Kevin Ksen, Robert Blackwell Gibbs and Julius Jones were appearing before the judge when he noticed Jones was wearing a white sweatshirt with the words “Bulletproof. Black Lives Matter” in gold lettering.
Pellegrini then ruled that words Black Lives Matter would not be allowed on any clothing in the courtroom, as it sends a political message.
“What’s funny about it is it’s four words on a shirt, one is bulletproof, and the other one is Black Lives Matter and it’s considered a political statement, but I think more than that what the judge’s behavior seemed to show was that he felt and seemed like it was offensive to him in some kind of way. And I’m not exactly sure why he was offended by it, but that four words could disrupt a court in such a way was impressive to me,” said Jones, who went on to say that the order “struck him as illegal.”
The attorneys for the protesters subsequently requested that officers testifying during the trial be disallowed from wearing their police uniforms, as that also sends a political message. The prosecution agreed to the request.
The controversial apparel, created by Damon Turner and FOREMOST, both artists and BLM activists, is meant to be “a statement that transcends race, social identity, or class … BULLETPROOF was born to represent the fearlessness found when people are unafraid of the powers that oppress them,” according to the website for the shirts.
While it is common practice for clothing that is deemed a security risk or unprofessional, such as shorts, flip flops, or obscene messages on clothing, the banning of attire that simply states that Black Lives Matter seems to push the boundaries of legitimacy.
I wonder if a confederate flag on a t-shirt would get the same treatment from Pellegrini?
Pittsburgh, PA – Oakland Raiders linebacker Ray-Ray Armstrong is being investigated by the Allegheny County Sheriff’s Office for allegedly taunting a police K-9 prior to the start of the Raiders game against the Steelers.
Armstrong is accused of barking at the dog, while lifting his shirt and pounding on his chest after exiting the locker room and entering the field for pregame warm-ups, according to Chief Deputy Kevin Kraus.
“The dog was going crazy,” Kraus said. “The deputy was trying to control the dog the best she could.” Kraus claims Armstrong told the deputy holding the K-9 to “send the dog.”
“We were immediately notified about the incident, and we immediately initiated a criminal investigation into the matter,” Kraus said.
The alleged crime would be considered a third-degree felony in Pennsylvania, with a potential prison sentence of seven years. Armstrong could potentially face charges by the end of the week, according to a report by ESPN.
Both organizations and the NFL were all notified of the investigation by the sheriff’s office. Police have obtained video surveillance footage of the incident and witness statement, but they weren’t able to interview Armstrong before he left town.
The idea that a man can face 7 years in prison for barking at a dog is completely absurd. There were over 60-thousand screaming fans in the stadium that day, yet police chose to criminalize the behavior of one amped up football player.
Let’s get this straight.
Police can murder, rape, lie and steal, and not see a day in court or go to prison for their crimes, but if you taunt a police dog you’re facing 7 years in prison.
Where is the common sense in this country!
Think about it… does this man really deserve to lose his right to vote, own a firearm, or be locked in a cage for years for barking at a dog in a stadium full of screaming fans?!
Land of the free you say? Get a clue!
Portland, OR – On Thursday, Adidas North America announced that it will financially compensate U.S. high schools that are willing to eliminate their use of Native American names and mascots.
The German sportswear giant says the initiative is aimed at eliminating racial overtones and stereotypes in American sports.
“Sports have the power to change lives. Sports give young people limitless potential. Young athletes have hope, they have desire and they have a will to win. Importantly, sports must be inclusive,” Adidas official Eric Liedtke said at the White House Thursday. “Today we are harnessing the influence of sports in our culture to lead change for our communities. Adidas is proud to provide a pathway for high schools and communities who want to create new identities.”
The announcement by Adidas was made at the 7th annual White House Tribal Nations Conference – an Obama administration initiative that focuses on issues affecting tribal communities.
During the conference, President Obama took a jab at the much maligned Washington Redskins.
“I don’t know if Adidas made the same offer to a certain NFL team, here in Washington,” Obama said. “But they might want to think about that as well.”
The quip by Obama drew a quick retort from the Redskins organization, which took aim at the Adidas initiative – accusing the company of hypocrisy due to it’s ongoing relationship with a number of college and profession teams that use racialized Native American symbolism.
“The hypocrisy of changing names at the high school level of play and continuing to profit off of professional like-named teams is absurd,” Redskins spokesman Maury Lane said in a prepared statement. “Adidas makes hundreds of millions of dollars selling uniforms to teams like the Chicago Blackhawks and the Golden State Warriors, while profiting off sales of fan apparel for the Cleveland Indians, Florida State Seminoles, Atlanta Braves and many other like-named teams.”
The accusations by the Redskins ring hollow, as college and professional teams currently outfitted by Adidas that use offensive Native American symbolism, have a vested financial interest in refusing to change their name. Adidas is using its financial resources to lure a wide swath of teams to change their racialized names, logos, and mascots.
Adidas’ program applies to all U.S. high schools, and is strictly voluntary, according to the company.
“Of the more than 27,000 high schools across the United States, approximately 2,000 of them use names that cause concern for many tribal communities,” Adidas said in a news release. “The new program will be voluntary for high schools interested in changing their identities.”
“High school social identities are central to the lives of young athletes, so it’s important to create a climate that feels open to everyone who wants to compete,” Adidas Group North America President Mark King said.
While this program is a positive development, mascots and team names are of the lowest priority to many impoverished tribes across the U.S. that lack basic necessities such as electricity and running water.
A child born today on Pine Ridge Indian Reservation in South Dakota has a life expectancy of 48-years-old, the second-lowest life expectancy in the entire Western hemisphere, behind only Haiti.
At an international symposium on cannabinoid therapeutics last month, researchers presented clinical data indicating that the use of herbal cannabis relieves symptoms of Attention Deficit Hyperactivity Disorder (ADHD) in adults.
German researchers selected 30 patients whose condition had proven resistant to conventional drug therapies, to study and evaluate the effects of cannabis on their ADHD symptoms.
Test subjects were reported to experience an easing of symptoms, including “improved concentration and sleep, and reduced impulsivity,” following the cannabis therapy, according to researchers.
Of the 30 patients, twenty-two in the study elected to suspend their use of pharmaceutical drugs during the study period—opting for use of cannabis as their sole means of treating their symptoms.
Prior to this study, there had been minimal clinical data on the subject, despite widespread anecdotal reports of relief from those suffering from ADHD.
Attention deficiency hyperactivity disorder is a condition that it typically identified in children and may persist into adulthood. It is characterized by hyperactivity, impulsivity, forgetfulness, difficulty paying attention and a lack of organization and prioritization skills.
There is widespread debate as to the cause, with some questioning whether it is even a real condition.
Approximately 11 percent of school-aged children in the U.S. have been diagnosed with the disorder, which is commonly treated with the use of amphetamines or amphetamine derivatives. Comparatively, only .5 percent of French children are diagnosed with ADHD.
According to a report by The Genetic Literacy Project:
For decades, much of the mental health profession has relied on the Diagnostic and Statistical Manual of Diseases, a tome updated periodically by the American Psychiatric Association. The latest three versions (DSM-III through DSM-V) zeroed in on what constitutes ADHD. French guidelines do not follow the DSMs, instead hewing to the Classification Francaise des Troubles Mentaux de l’Enfant et de L’Adolescent, or CFTMEA.
In France, CFTMEA guidelines require a much longer time to diagnose ADHD, and take in family and social issues that have had a role in the child’s life. After interviewing teachers, school officials, family members and the child, they’ll make a diagnosis. Often two years later.
In the United States, usually a single psychiatrist or psychologist makes a much faster diagnosis (about six months), after some input from teachers and others, but usually based on the psychologist’s impression.
While French psychiatrists do tend to look more for social context, it’s also illegal in France to prescribe stimulants (the main drug intervention in the US) to any child under 6 years old. Meanwhile, American physicians have been accused of overmedicating patients, particularly children and particularly children with ADHD.
Researchers have been studying whether ADHD is actually one syndrome, or rather a combinations of separate symptoms. It has yet to be made clear, whether in France, the U.S. or the rest of the world, where the boundaries lie between “normal” and ADHD. Perhaps if nothing else, the revisions of the DSM, and the French approach, call for a meeting of minds.
“Adults with ADHD in both regions were generally less likely to be married, employed, or rate their health as good/very good/excellent and were more likely to smoke, have experienced alcoholism, have other mental health conditions, have work productivity/activity impairments, and use healthcare resources,” according to researchers in both the U.S. and Europe.
Regardless of the cause, the results of this study clearly show that cannabis can be a useful treatment in alleviating the symptoms of ADHD. While the causes and solutions of ADHD are debated, a new natural treatment has emerged that has the potential to replace the pharmaceutical solutions consistently provided to those suffering from the disorder.
ReykjavÃk, Iceland – In stark contrast to the record low number of prosecutions of CEOs and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison.
The majority of those convicted have been sentenced to prison terms of two to five years. The maximum penalty in Iceland for financial crimes is six years, although hearings are currently underway to consider extending the maximum beyond six years.
The prosecutions are the result of Iceland’s banksters manipulating the Icelandic financial markets after Iceland deregulated its finance sector in 2001. Eventually, an accumulation of foreign debt resulted in a meltdown of the entire banking sector in 2008.
According to Iceland Magazine:
In two separate rulings last week, the Supreme Court of Iceland and the ReykjavÃk District Court sentenced three top managers of Landsbankinn and two top managers of KaupÃ¾ing, along with one prominent investor, to prison for crimes committed in the lead-up to the financial collapse of 2008. With these rulings the number of bankers and financiers who have been sentenced to prison for crimes relating to the financial collapse has reached 26, and a combined prison time of 74 years.
Massive debts were incurred in the name of the Icelandic public to allow the country to continue to function, which are still being repaid to the IMF and other nations eight years later by the citizens of Iceland.
In the U.S., not a single banking executive was charged with crimes related to the 2008 financial crisis, even though the U.S. itself precipitated the crisis. Icelandic president Olafur Ragnar Grimmson summed it up best in his response when asked how his country recovered from the global financial crisis.
“We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn’t introduce austerity measures like you’re seeing in Europe.”
In 2008, after Congress bailed out the failing American banks to the tune of $700 billion, courtesy of the American taxpayer, many of the executives of institutions that received TARP bailout funds ended up getting large bonuses.