CovertAction Bulletin

CovertAction Magazine

CovertAction Bulletin is the official podcast of CovertAction Magazine which began publishing in 1978 as a newsletter called Covert Action Information Bulletin (CAIB) and later as CovertAction Quarterly (CAQ). CAIB was cofounded and copublished by Ellen Ray, William Schaap, and Louis Wolf, along with former CIA agents such as James and Elsie Wilcott, and infamous whistleblower, Philip Agee.The magazine developed a following not as a conspiracy-theory-related publication, but as a source for reliable, consistent, and accurate investigative reporting. In 2018 we launched on the web at CovertActionMagazine.com where you will find hundreds of articles that blow the whistle on U.S. imperialism and plutocrats worldwide.

  1. Musk: One Trillionaire Too Many

    3h ago

    Musk: One Trillionaire Too Many

    Elon Musk has become the world’s first trillionaire after SpaceX’s public offering last week, the largest in history. As of recording, he’s worth $1.4 trillion - an unimaginably large amount of money and more than a trillion dollars over the net worth of the next wealthiest person on the planet, Google co-founder Larry Page. Page is worth just over $300 billion. In fact, combining the wealth of the people ranking numbers two through 5 on the Forbes real-time billionaires list (Larry Page and Sergey Brin of Google, Jeff Bezos of Amazon and Larry Ellison of Oracle), their combined net worth is still less than Musk’s. While cautiously avoiding Musk’s far-right political leanings and his recent incitement of racist riots in Belfast, much of the capitalist media is heralding his obscene wealth. An opinion piece published by The Washington Post considers and dismisses the idea that someone should not have such “inordinate wealth,” but suggests that “SpaceX is one of the real success stories of the past several decades” and “has created something of great value for society” that will somehow democratize wealth by flowing money through the stock market. For those of us in the real world who don’t have hundreds of millions or billions of dollars, the cold truth is that prices continue to rise while wages stay stagnant. Inflation was up 0.5% in May compared to April, and up 4.2% over the last 12 months. Prices are up at the gas pump, at the grocery store, and as summer starts around the United States, areas impacted by significant heat will also be hit by massive increases in energy prices. Tens of thousands of people die every year due to homelessness. According to the National Alliance to End Homelessness, over 771,000 people in the United States experienced homelessness. The real number may be significantly higher, but still nothing compared to the fact that Elon Musk’s trillions could buy 2.5 million homes at market price and solve the housing crisis immediately. Support the show

    55 min
  2. Jun 3

    Two Americas at 250

    The Trump administration is planning a series of grand patriotic events for the 250th anniversary of the Declaration of Independence. From a massive Ultimate Fighting Championship match on the South Lawn of the White House on June 14th - which is both Flag Day and Trump’s 80th birthday - to a ball drop in Times Square, a Grand Prix on the streets of DC in August and the Great American State Fair spanning the course of two weeks on the National Mall - the America 250 and Freedom 250 celebrations are set to take over the summer across the country. America 250, led by the U.S. Semiquincentennial Commission, has been a decade in the making and says they’re striving for “350 for 250” - “engaging all 350 million Americans by our nations’ 250th anniversary.” The Trump administration’s Freedom 250, with sponsors like Northrop Grumman, and Moms for Liberty and the Museum of the Bible, seeks to celebrate “the triumph of the American spirit.” The two initiatives might seem radically different, with media and administration figures criticizing one or the other, but both intentionally leave out real parts of the history of the United States: the legacy of slavery and indigenous genocide and the racism that’s still with us today, centuries of wars and conquest, mass oppression, but also the resistance and struggle of workers and other oppressed people in the United States. Those true stories won’t be told by either America 250 or Freedom 250. Support the show

    52 min

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About

CovertAction Bulletin is the official podcast of CovertAction Magazine which began publishing in 1978 as a newsletter called Covert Action Information Bulletin (CAIB) and later as CovertAction Quarterly (CAQ). CAIB was cofounded and copublished by Ellen Ray, William Schaap, and Louis Wolf, along with former CIA agents such as James and Elsie Wilcott, and infamous whistleblower, Philip Agee.The magazine developed a following not as a conspiracy-theory-related publication, but as a source for reliable, consistent, and accurate investigative reporting. In 2018 we launched on the web at CovertActionMagazine.com where you will find hundreds of articles that blow the whistle on U.S. imperialism and plutocrats worldwide.

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