90 Miles From Tyranny

Friday, August 5, 2022

Quick Hits Of Wisdom, Knowledge And Snark #573

Quick Hits Of Wisdom, Knowledge And Snark #572

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Billions Meant for US Small Businesses Going to China, Russia:

Small businesses seeking to grow their overseas sales are supposed to be the primary beneficiaries of loan guarantees by the U.S. Export-Import Bank (EX-IM), but a new analysis by a nonprofit government watchdog finds most of the funds go to corporate giants and corrupt regimes overseas.

“Small businesses, supposedly the intended beneficiary of the Export-Import Bank, received only $54.8 billion of the over $234 billion in total assistance since 2007, or about 23 percent” of the bank’s total funding, according to the report by Open The Books (OTB), a Chicago-based nonprofit that monitors government spending.

By filing more than 40,000 federal Freedom of Information Act requests and posting the checkbooks of 49 state governments, OTB has posted to the internet more than $6 trillion in public spending. The non-profit’s goal is to “post every dime in real-time.”

By far the biggest beneficiary of EX-IM lending is the Boeing Corporation, the largest U.S. aircraft manufacturer and one of the world’s most successful designers and builders of commercial airliners.

Boeing’s headquarters is currently in Chicago, but the company is planning a move to Arlington, Virginia, in the near future.

“The Export-Import Bank has been nicknamed ‘Boeing’s Bank’ by critics, and it is easy to see why. From 2007-2021, the aircraft giant received 33 percent of all of the Export-Import Bank’s assistance, totaling over $66.4 billion, while the second largest vendor received just over $5 billion. That’s more than all small businesses received combined,” the OTB report said.

“Boeing subsidiary Boeing Satellite Systems International reaped another $1.4 billion in assistance. Major international airline companies like Ryanair, Emirates Airlines, and Air Canada have all received assistance for Boeing purchases. Boeing employs a small army of 18 lobbyists to advocate for the Export-Import Bank,” the report said.

The second largest beneficiary of EX-IM funding is the Reston, Virginia-based Bechtel Corporation, which ranked only behind Boeing despite getting assistance for only seven contracts since 2007.

“The engineering and construction company received just over $5 billion from the bank for petroleum engineering in wealthy countries like the United Kingdom, Australia, and India, as well as with governments like Serbia and Kenya,” according to the OTB report.

General Electric Corporation and its subsidiaries whose exports of industrial engines and machinery in over 265 transactions earned them third place on the list of top vendors. The report said GEC got $4.7 billion in assistance between General Electric International Operations Company and General Electric Energy Parts alone.

About EX-IM’s overseas funding activities the report said, “the mandate of EX-IM is ‘filling the gaps’ to provide liquidity—facilitating the wheels of commerce. [A total of] 147 countries have received some amount of aid since 2007.

“While the United States sent billions of aid to some of the most corrupt countries and repressive regimes in the world, equally disturbing is the amount that went to wealthy countries that don’t need our aid.”

Ranked by countries, the largest beneficiary of U.S. taxpayer-guaranteed EX-IM loans is Nigeria, ruled by a regime that is ranked among the world’s most corrupt. “Ranked 149th in the world on a scale from least to most corrupt by Transparency International in 2020, importers in Nigeria received over $570 million from the Export-Import Bank.

“It would be a miracle if any of those dollars actually reached their intended recipient,” the OTB report said.

China, with the world’s second-largest economy, was also a large beneficiary of...

Visage à trois #389

Three Videos For Your Viewing Pleasure:

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Quick Hits Of Wisdom, Knowledge And Snark #570

Release the Tape: Revolver Has Definitive Proof FBI Is Hiding Critical Footage of Jan 6 “Pipe Bomber”

An exclusive analysis by Revolver News can prove that the FBI is in possession of, but has refused to release, security camera footage of the January 6 pipe bomber planting the pipe bomb at the DNC building at 7:52 p.m. on January 5th.

This extraordinary revelation should be the immediate subject of Congressional inquiry as to why the FBI has stonewalled release of the footage.

An executive summary of the missing footage has been condensed in this video below:

As described above and in more detail below, the stationary camera overlooking the DNC park benches — from which the FBI released a clip on March 9, 2021 timestamped approximately 7:42 p.m. on the night of January 5 2021 — should have a clear “moneyshot” picture of the pipe bomber reaching in to his bag and depositing the pipe bomb by the right bottom corner of the circled park bench in the image below.

All the FBI needs to do is show the same video camera’s footage from 10 minutes later:

We know this because of a simple Google Earth walkthrough (in detail below) and because the pipe bomber is captured at these same park benches on a...