Did the CIA Murder One of Their Own? Code Name Artichoke: Project MKULTRA
The CIA Guide to Ruining Someone's Life: https://thememoryhole.substack.com/p/the-cia-guide-to-ruining-someones?sd=pf
Frank Rudolph Emmanuel Olson (July 17, 1910 – November 28, 1953) was an American bacteriologist, biological warfare scientist, and an employee of the United States Army Biological Warfare Laboratories (USBWL) who worked at Camp Detrick (now Fort Detrick) in Maryland. At a meeting in rural Maryland, he was covertly dosed with LSD by his colleague Sidney Gottlieb (head of the CIA's MKUltra program) and, nine days later, plunged to his death from the window of the Hotel Statler in New York. The U.S. government first described his death as a suicide, and then as misadventure, while others allege murder. The Rockefeller Commission report on the CIA in 1975 acknowledged their having conducted covert drug studies on fellow agents. Olson's death is one of the most mysterious outcomes of the CIA mind control project MKUltra.
A semi-monthly retreat of the men closest to MK-ULTRA was scheduled at a cabin at Deep Creek Lake for Wednesday, November 18, to Friday, November 20, 1953. A tentative participants list included twelve names:
Fort Detrick participants
Olson, a scientist with the Special Operations Division of the United States Army Biological Warfare Laboratories at Fort Detrick, who was suspected of being a security risk.
Lt. Col. Vincent Ruwet, Olson's supervisor, the head of the Special Operations Division.
John L. Schwab, who had founded the division and in 1953 served as its lab chief
John Stubbs, one of the Fort Detrick personnel
Benjamin Wilson, a member of the Special Operations Division.
Herbert "Bert" Tanner, one of the Fort Detrick personnel
John C. Malinowski, a Detrick staffer who didn't drink alcohol and thus was not dosed.
Gerald Yonetz, a Special Operations Division scientist
CIA participants
Sidney Gottlieb, a CIA chemist responsible for Project MKUltra.
Robert Lashbrook, Gottlieb's deputy, who dosed the liquor everyone was drinking along with Gottlieb.
A. Hughes, suspected to be CIA
Henry Bortner, of the CIA
https://en.wikipedia.org/wiki/Frank_Olson
Project ARTICHOKE was a CIA project that researched interrogation methods.
Preceded by Project BLUEBIRD, ARTICHOKE officially arose on August 20, 1951 and was operated by the CIA's Office of Scientific Intelligence. The primary goal of Project ARTICHOKE was to determine whether a person could be involuntarily made to perform an act of attempted assassination. The project also studied hypnosis, forced morphine addiction (and subsequent forced withdrawal) and the use of other chemicals including LSD, to produce amnesia and other vulnerable states in subjects.
Project ARTICHOKE led to Project MKUltra, which began in 1953.
ARTICHOKE was a mind control program that gathered information together with the intelligence divisions of the Army, Navy, Air Force and FBI. In addition, the scope of the project was outlined in a memo dated January 1952 that asked, "Can we get control of an individual to the point where he will do our bidding against his will and even against fundamental laws of nature, such as self-preservation?"
Project ARTICHOKE was the Central Intelligence Agency's secret code name for carrying out in-house and overseas experiments using LSD, hypnosis and total isolation as forms of physiological harassment for special interrogations on human subject. At first agents used cocaine, marijuana, heroin, peyote and mescaline, but they increasingly saw LSD as the most promising drug. The subjects who left this project were fogged with amnesia, resulting in faulty and vague memories of the experience. In 1952, LSD was increasingly given to unknowing CIA agents to determine the drug's effects on unsuspecting people. One record states that an agent was kept on LSD for 77 days.
ARTICHOKE researched the potential of dengue fever and other diseases. A declassified ARTICHOKE memo read: "Not all viruses have to be lethal… the objective includes those that act as short-term and long-term incapacitating agents."
The CIA disputed which department would take over the operation. Finally, it was decided that an agent from the CIA research staff, former U.S. Army brigadier general Paul F. Gaynor, would oversee it. The CIA sought to establish control over what it perceived as the "weaker" and "less intelligent" segments of society, or for potential agents, defectors, refugees, POWs and others. A CIA report states that if hypnosis succeeded, assassins could be created to assassinate "a prominent [redacted] politician or if necessary, [an] American official." The overseas operations took place in locations throughout Europe, Japan, Southeast Asia and the Philippines. Teams were assembled to manage these operations and they were told to "conduct at the overseas bases operational experiments utilizing aliens as subjects."
https://en.wikipedia.org/wiki/Project_ARTICHOKE
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"The Worst of the Worst of the FBI": Surveilling the Private Life of Martin Luther King (1987)
Originally premiered on December 3, 2022
The Story Behind the FBI MLK Suicide Letter: https://www.patreon.com/thememoryhole_
FBI director J. Edgar Hoover personally ordered surveillance of King, with the intent to undermine his power as a civil rights leader.[404][405] The Church Committee, a 1975 investigation by the U.S. Congress, found that "From December 1963 until his death in 1968, Martin Luther King Jr. was the target of an intensive campaign by the Federal Bureau of Investigation to 'neutralize' him as an effective civil rights leader."[406]
In the fall of 1963, the FBI received authorization from Attorney General Robert F. Kennedy to proceed with wiretapping of King's phone lines, purportedly due to his association with Stanley Levison.[407] The Bureau informed President John F. Kennedy. He and his brother unsuccessfully tried to persuade King to dissociate himself from Levison, a New York lawyer who had been involved with Communist Party USA.[408][409] Although Robert Kennedy only gave written approval for limited wiretapping of King's telephone lines "on a trial basis, for a month or so",[410] Hoover extended the clearance so his men were "unshackled" to look for evidence in any areas of King's life they deemed worthy.[115]
The Bureau placed wiretaps on the home and office phone lines of both Levison and King, and bugged King's rooms in hotels as he traveled across the country.[408][411] In 1967, Hoover listed the SCLC as a black nationalist hate group, with the instructions: "No opportunity should be missed to exploit through counterintelligence techniques the organizational and personal conflicts of the leaderships of the groups ... to insure [sic] the targeted group is disrupted, ridiculed, or discredited."[405][412]
In a secret operation code-named "Minaret", the National Security Agency monitored the communications of leading Americans, including King, who were critical of the U.S. war in Vietnam.[413] A review by the NSA itself concluded that Minaret was "disreputable if not outright illegal."[413]
CIA files declassified in 2017 revealed that the agency was investigating possible links between King and Communism after a Washington Post article dated November 4, 1964, claimed he was invited to the Soviet Union and that Ralph Abernathy, as spokesman for King, refused to comment on the source of the invitation.[422] Mail belonging to King and other civil rights activists was intercepted by the CIA program HTLINGUAL.[423]
In May 2019, an FBI file emerged on which a handwritten note alleged that King "looked on, laughed and offered advice" as one of his friends raped a woman. Expert professional historians of the period who have examined this notional evidence have dismissed it as highly unreliable.[438][439] David Garrow, author of an earlier biography of King, wrote that "the suggestion... that he either actively tolerated or personally employed violence against any woman, even while drunk, poses so fundamental a challenge to his historical stature as to require the most complete and extensive historical review possible".[440][439] Garrow's reliance on a handwritten note addended to a typed report is considered poor scholarship by several other authorities. The Professor of American Studies at the University of Nottingham, Peter Ling, pointed out that Garrow was excessively credulous, if not naive, in accepting the accuracy of FBI reports during a period when the FBI was undertaking a massive operation to attempt to discredit King as part of its COINTELPRO activities.[441] Garrow had earlier referred to Ling's work on King, widely considered authoritative, as "thoughtful, perceptive, and thoroughly well-informed".[442] Experts in 20th-century American history, including Distinguished Professor of Political Science Jeanne Theoharis, the professors Barbara Ransby of the University of Illinois at Chicago, Nathan Connolly of Johns Hopkins University and Professor Emeritus of History Glenda Gilmore of Yale University have expressed reservations about Garrow's scholarship. Theoharis commented "Most scholars I know would penalize graduate students for doing this." It is not the first time the care and rigor of Garrow's work has been called into serious question.[443] Clayborne Carson, Martin Luther King biographer and overseer of the Dr. King records at Stanford University states that he came to the opposite conclusion of Garrow saying "None of this is new. Garrow is talking about a recently added summary of a transcript of a 1964 recording from the Willard Hotel that others, including Mrs. King, have said they did not hear Martin's voice on it. The added summary was four layers removed from the actual recording. This supposedly new information comes from an anonymous source in a single paragraph in an FBI report. You have to ask how could anyone conclude King looked at a rape from an audio recording in a room where he was not present."
https://en.wikipedia.org/wiki/Martin_Luther_King_Jr.
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"Every time the unemployment increases by 1%, the suicide rate increases by 5-6%" (1982)
Premiered on Nov 29, 2022 of The Memory Hole YT channel.
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).
Unemployment can have many sources, such as the following:
new technologies and inventions
the status of the economy, which can be influenced by a recession
competition caused by globalization and international trade
policies of the government
regulation and market
Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influence the availability and cost for money through its monetary policy.
In addition to theories of unemployment, a few categorisations of unemployment are used for more precisely modelling the effects of unemployment within the economic system. Some of the main types of unemployment include structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment and classical unemployment. Structural unemployment focuses on foundational problems in the economy and inefficiencies inherent in labor markets, including a mismatch between the supply and demand of laborers with necessary skill sets. Structural arguments emphasize causes and solutions related to disruptive technologies and globalization. Discussions of frictional unemployment focus on voluntary decisions to work based on individuals' valuation of their own work and how that compares to current wage rates added to the time and effort required to find a job. Causes and solutions for frictional unemployment often address job entry threshold and wage rates.
According to the UN's International Labour Organization (ILO), there were 172 million people worldwide (or 5% of the reported global workforce) without work in 2018.
Because of the difficulty in measuring the unemployment rate by, for example, using surveys (as in the United States) or through registered unemployed citizens (as in some European countries), statistical figures such as the employment-to-population ratio might be more suitable for evaluating the status of the workforce and the economy if they were based on people who are registered, for example, as taxpayers.
Unemployed individuals are unable to earn money to meet financial obligations. Failure to pay mortgage payments or to pay rent may lead to homelessness through foreclosure or eviction. Across the United States the growing ranks of people made homeless in the foreclosure crisis are generating tent cities.
Unemployment increases susceptibility to cardiovascular disease, somatization, anxiety disorders, depression, and suicide. In addition, unemployed people have higher rates of medication use, poor diet, physician visits, tobacco smoking, alcoholic beverage consumption, drug use, and lower rates of exercise. According to a study published in Social Indicator Research, even those who tend to be optimistic find it difficult to look on the bright side of things when unemployed. Using interviews and data from German participants aged 16 to 94, including individuals coping with the stresses of real life and not just a volunteering student population, the researchers determined that even optimists struggled with being unemployed.
In 1979, M. Harvey Brenner found that for every 10% increase in the number of unemployed, there is an increase of 1.2% in total mortality, a 1.7% increase in cardiovascular disease, 1.3% more cirrhosis cases, 1.7% more suicides, 4.0% more arrests, and 0.8% more assaults reported to the police.
A study by Christopher Ruhm in 2000 on the effect of recessions on health found that several measures of health actually improve during recessions. As for the impact of an economic downturn on crime, during the Great Depression, the crime rate did not decrease. The unemployed in the US often use welfare programs such as food stamps or accumulating debt because unemployment insurance in the US generally does not replace most of the income that was received on the job, and one cannot receive such aid indefinitely.
Not everyone suffers equally from unemployment. In a prospective study of 9,570 individuals over four years, highly-conscientious people suffered more than twice as much if they became unemployed. The authors suggested that may because of conscientious people making different attributions about why they became unemployed or through experiencing stronger reactions following failure. There is also the possibility of reverse causality from poor health to unemployment.
https://en.wikipedia.org/wiki/Unemployment
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The Covert FBI War at Home: Infiltration, Doctoring Evidence, Assassination: Destroying Dissent 1991
Originally this video was premiered on Dec 1, 2022 on YT of The Memory Hole
Read the book: https://amzn.to/3EIs30d
According to attorney Brian Glick in his book War at Home, the FBI used five main methods during COINTELPRO:
Infiltration: Agents and informers did not merely spy on political activists. Their main purpose was to discredit, disrupt and negatively redirect action. Their very presence served to undermine trust and scare off potential supporters. The FBI and police exploited this fear to smear genuine activists as agents.
Psychological warfare: The FBI and police used myriad "dirty tricks" to undermine movements. They planted false media stories and published bogus leaflets and other publications in the name of targeted groups. They forged correspondence, sent anonymous letters, and made anonymous telephone calls. They spread misinformation about meetings and events, set up pseudo movement groups run by government agents, and manipulated or strong-armed parents, employers, landlords, school officials, and others to cause trouble for activists. They used bad-jacketing to create suspicion about targeted activists, sometimes with lethal consequences.[73]
Harassment via the legal system: The FBI and police abused the legal system to harass dissidents and make them appear to be criminals. Officers of the law gave perjured testimony and presented fabricated evidence as a pretext for false arrests and wrongful imprisonment. They discriminatorily enforced tax laws and other government regulations and used conspicuous surveillance, "investigative" interviews, and grand jury subpoenas in an effort to intimidate activists and silence their supporters.[72][74]
Illegal force: The FBI conspired with local police departments to threaten dissidents; to conduct illegal break-ins in order to search dissident homes; and to commit vandalism, assaults, beatings and assassinations.[72] The objective was to frighten or eliminate dissidents and disrupt their movements.
Undermine public opinion: One of the primary ways the FBI targeted organizations was by challenging their reputations in the community and denying them a platform to gain legitimacy. Hoover specifically designed programs to block leaders from "spreading their philosophy publicly or through the communications media". Furthermore, the organization created and controlled negative media meant to undermine black power organizations. For instance, they oversaw the creation of "documentaries" skillfully edited to paint the Black Panther Party as aggressive, and false newspapers that spread misinformation about party members. The ability of the FBI to create distrust within and between revolutionary organizations tainted their public image and weakened chances at unity and public support.[48]
https://en.wikipedia.org/wiki/COINTELPRO
As exemplified by police repression of RAM in Philadelphia in the summer 1967, the FBI and their COINTELPRO program targeted RAM for political destruction. However, RAM was just one of many civil rights or black nationalist groups targeted because of their politics. Tactics used to suppress RAM were also used to suppress and target Student Nonviolent Coordinating Committee (SNCC), Southern Christian Leadership Conference (SCLC), Congress of Racial Equality (CORE), the Black Panther Party, the Nation of Islam, the National Welfare Rights Organization, Dodge Revolutionary Union Movement (DRUM), Republic of New Afrika (RNA), Congress of Afrikan People, black student unions at universities across the US, and black churches and community organizations.[3][22]
https://en.wikipedia.org/wiki/Revolutionary_Action_Movement
Gary Thomas Rowe Jr. (August 13, 1933 – May 25, 1998), known in Witness Protection as Thomas Neil Moore, was a paid informant and agent provocateur for the FBI. As an informant, he infiltrated the Ku Klux Klan, as part of the FBI's COINTELPRO project, to monitor and disrupt the Klan's activities. Rowe participated in violent Klan activity against African Americans and civil rights groups.[1]
From 1965 until his death, Rowe was a figure of recurring controversy after he testified against fellow Klansmen who were accused of killing Viola Gregg Liuzzo, a civil rights volunteer. He was accused of being an accessory to the murder. He was involved in the attack on the Freedom Riders and also accused of involvement in the 16th Street Baptist Church bombing. He was given immunity by the FBI and he was never convicted of any wrongdoing. Rowe admitted to many of these violent acts in his 1976 autobiography, My Undercover Years with the Ku Klux Klan,[2] and in confession and testimony given to the United States Senate.
https://en.wikipedia.org/wiki/Gary_Thomas_Rowe_Jr
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The Dark World of the CIA: Overthrowing Governments, Covert Use of American Mass Media, Torture 1980
Stockwell's testimony before Congress: https://www.patreon.com/posts/71338458
Allan James Francovich (March 23, 1941 – April 17, 1997)[1] was an American film maker. He is best known for creating a number of films critical of the Central Intelligence Agency (CIA), linking them to terrorist attacks during the Cold War in Africa, South America and Europe. The most notable of these are the Gladio (1992) series about Operation Gladio which featured on BBC's Timewatch and The Maltese Double Cross – Lockerbie (1994) about Pan Am Flight 103.
On Company Business (1976)
Documentary about the CIA, with exclusive use of interviews with current and former CIA employees such as David Atlee Phillips and L. Fletcher Prouty. Won the International Critics Award for Best Documentary at the Berlin International Film Festival. On Company Business was completed with funds from the International Documentary Fund, administered by the TV Lab at WNET.[9]
Gladio (1992)
In three programmes shown over consecutive weeks in BBC2's Timewatch strand, Allan Francovich interviewed key Gladio players such as Propaganda Due head, Licio Gelli, Italian neofascist and terrorist Vincenzo Vinciguerra, Venetian judge Felice Casson, Italian Gladio commander General Gerardo Serravale, Belgian Senator Roger Lallemand, Belgian gendarme Martial Lekue and former CIA director William Colby. Also included was "hoaxer" Oswald LeWinter.
Selected films
The Lobster Pot (1973). Directed by Allan Francovich.
Chile in the Heart (1975). Directed by Allan Francovich.
San Francisco Good Times (1977). Directed with Gene Rosow.
The Houses are Full of Smoke (1987). Produced and directed by Allan Francovich. Nominated for Grand Jury Prize, Sundance Film Festival, 1988. OCLC 317357951.
Pt. 1: Guatemala.
Pt. 2: El Salvador.
Pt. 3: Nicaragua.
On Company Business: Inside the CIA (1987). Written and directed by Allan Francovich. Produced with Howard Dratch. OCLC 997621250.
Short Circuit (1985). Directed by Allan Francovich. On the murder of nuns in El Salvador.
Dark Passage (1990). Directed by Allan Francovich. Produced by Kimi Zabinhyan for Observer Films.
"Murder in Mississippi." In: Secret History (Dec. 12, 1991). [S01E05].
The Maltese Double Cross – Lockerbie (1994). Written and directed by Allan Francovich. online
Best Documentary prize, Edinburgh International Film Festival, 1995.
https://en.wikipedia.org/wiki/Allan_Francovich
Kathleen Weaver (born 1945) is an American writer and editor, who was born in Sioux City, Iowa.
While a student in Berkeley she met documentary film director Allan Francovich whom she married in 1970; together they participated in the F.W. Murnau film society, the cinematic rediscovery circle around Tom Luddy, founder of the Pacific Film Archives. She co-edited three editions of the national reference Film Programmer’s Guide to 16mm Rentals, which received grants from the Academy of Motion Pictures Arts and Sciences, the NEA, and the California Arts Council.
She collaborated on a number of Francovich's films, including the award-winning and controversial On Company Business, A Documentary History of the CIA, 1980, directed by Francovich, co-produced by Howard Dratch. The couple's travels to Cuba and Central America led to her translation of a number of works from Spanish, including Fire from the Mountain: The Making of a Sandinista by Omar Cabezas, and Julio Cortázar’s Nicaraguan Sketches, as well as the first book-length translation into English of Cuban poet Nancy Morejón. Her poetry translations, especially of Cuban poets (Nancy Morejón, Fayad Jamís, Cintio Vitier, Eliseo Diego, Fina García Marruz, Samuel Feijóo, Roberto Fernández Retamar) have appeared in reviews and textbooks. Her own poems have also appeared in reviews.
Following the dissolution of her marriage to Francovich in 1986, she became associated with and later married painter, poster and printmaker, KPFA Radio public events producer, and co-founder of Black Oak Books, Bob Baldock— one of only two North Americans who went from the mainland in March 1958 to join Fidel Castro's own 26th of July Group as a combatant in the Sierra Maestra of Cuba. With his help she wrote the first English-language biography of Peruvian feminist, poet, and progressive activist Magda Portal. Weaver has worked as guest faculty at the San Francisco Art Institute and for a number of years as a member of the adjunct faculty in English at Berkeley City College. She lives with her husband in Berkeley, California.
https://en.wikipedia.org/wiki/Kathleen_Weaver
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The Shocking Medical Experiment Conducted by Government Doctors: Tuskegee Experiment (1997)
Premiered on The Memory Hole YT channel on Nov 30, 2022
The Tuskegee Study of Untreated Syphilis in the Negro Male (informally referred to as the Tuskegee Experiment or Tuskegee Syphilis Study) was a study conducted between 1932 and 1972 by the United States Public Health Service (PHS) and the Centers for Disease Control and Prevention (CDC) on a group of nearly 400 African Americans with syphilis. The purpose of the study was to observe the effects of the disease when untreated, though by the end of the study medical advancements meant it was entirely treatable. The men were not informed of the nature of the experiment, and more than 100 died as a result.
The Public Health Service started the study in 1932 in collaboration with Tuskegee University (then the Tuskegee Institute), a historically Black college in Alabama. In the study, investigators enrolled a total of 600 impoverished African-American sharecroppers from Macon County, Alabama. Of these men, 399 had latent syphilis, with a control group of 201 men who were not infected. As an incentive for participation in the study, the men were promised free medical care. While the men were provided with both medical and mental care that they otherwise would not have received, they were deceived by the PHS, who never informed them of their syphilis diagnosis and provided disguised placebos, ineffective methods, and diagnostic procedures as treatment for "bad blood".
The men were initially told that the experiment was only going to last six months, but it was extended to 40 years. After funding for treatment was lost, the study was continued without informing the men that they would never be treated. None of the infected men were treated with penicillin despite the fact that, by 1947, the antibiotic was widely available and had become the standard treatment for syphilis.
The study continued, under numerous Public Health Service supervisors, until 1972, when a leak to the press resulted in its termination on November 16 of that year.[14] By then, 28 patients had died directly from syphilis, 100 died from complications related to syphilis, 40 of the patients' wives were infected with syphilis, and 19 children were born with congenital syphilis.[15]
The 40-year Tuskegee Study was a major violation of ethical standards,[13] and has been cited as "arguably the most infamous biomedical research study in U.S. history."[16] Its revelation led to the 1979 Belmont Report and to the establishment of the Office for Human Research Protections (OHRP)[17] and federal laws and regulations requiring institutional review boards for the protection of human subjects in studies. The OHRP manages this responsibility within the United States Department of Health and Human Services (HHS).[17] Its revelation has also been an important cause of distrust in medical science and the US government amongst African Americans.[16]
On May 16, 1997, President Bill Clinton formally apologized on behalf of the United States to victims of the study, calling it shameful and racist.[18] "What was done cannot be undone, but we can end the silence," he said. "We can stop turning our heads away. We can look at you in the eye, and finally say, on behalf of the American people, what the United States government did was shameful and I am sorry."[18][19]
Comics
Truth: Red, White, and Black (published January–July 2003) is a seven-issue Marvel comic book series inspired by the Tuskegee trials. Written as a prequel to the Captain America series, Truth: Red, White, and Black explores the exploitation of certain races for scientific research, as in the Tuskegee syphilis trials.[52]
Theater
David Feldshuh's stage play Miss Evers' Boys (1992), based on the history of the U.S. Public Health Service Syphilis Study at Tuskegee, was a runner-up for the 1992 Pulitzer Prize in drama.[65]
Music
The lyrics of Gil Scott-Heron's 33-second song, "Tuskeegee #626", featured on the Bridges (1977) LP, details and condemns the U.S. Public Health Service Syphilis Study at Tuskegee.
Frank Zappa's 1984 album Thing Fish was heavily inspired by the events of the Tuskegee Syphilis Study.
Avant-garde metal band Zeal & Ardor's song "Tuskegee", from the 2020 EP Wake of a Nation, is about the Tuskegee Syphilis Study.
Jazz musician Don Byron's 1992 album Tuskegee Experiments was inspired by the study.
Atlanta rapper JID juxtaposes his life to the Tuskegee Experiment in his 2021 song "Skegee".[66]
Television
The 1992 Secret History series documentary "Bad Blood" is about the experiment.[67]
Miss Evers' Boys (1997), a TV adaptation of David Feldshuh's eponymous 1992 stage play, was nominated for 11 Emmy Awards[68] and won in four categories.
Video production
Medical Racism: The New Apartheid (2021) exploits the Tuskegee trials to promote COVID-19 misinformation.
https://en.wikipedia.org/wiki/Tuskegee_Syphilis_Study
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Inflation, Europe's energy crisis, and the Fed with Richard Wolff | The Chris Hedges Report
The Real News with Chris Hedges, posted on December 2, 2022.
Read the transcript of this interview: https://therealnews.com/richard-wolff-the-feds-response-to-inflation-is-another-upward-transfer-of-wealth
The Federal Reserve has responded to runaway inflation by hiking up interest rates at the same time that Americans are drowning in historic levels of personal debt. With interest rates up, prices will only rise faster than wages, hitting the vast majority of people with stagnant or declining wages in real terms. The result is yet another upward transfer of wealth to the minority of capitalists responsible for the crisis in the first place. Economist Richard Wolff joins The Chris Hedges Report to discuss the origins of the inflation crisis, the Fed's response, and what this all means for working people.
Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts, Amherst and a Visiting Professor in the Graduate Program in International Affairs at the New School. He is the host of the weekly program Economic Update, and the author of several books, including his most recent title, The Sickness in the System: When Capitalism Fails To Save Us From Pandemics or Itself.
Watch The Chris Hedges Report live YouTube premiere on The Real News Network every Friday at 12PM ET: https://therealnews.com/chris-hedges-report
Listen to episode podcasts and find bonus content at The Chris Hedges Report Substack: https://chrishedges.substack.com/
Help us continue producing The Chris Hedges Report by following us and making a small donation:
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