The
War in Afghanistan and the Central Asia Pipeline Plan
Must Read - A
quote...."The
Washington Post has introduced us to a controversy over Afghanistan war
strategy. The Post reports that operations in Delaram (in the
southwest) are "far from a strategic priority for senior officers at
the international military headquarters in Kabul. One calls Delaram, a
day's drive from the nearest city, 'the end of the Earth.' Another
deems the area 'unrelated to our core mission' of defeating the Taliban
by protecting Afghans in their cities and towns. - Why then are the
Marines fighting in this part of the country?"
What
Torture
Is
and
Why
It's
Illegal
and
Not
"Poor
Judgment"
Special Note - A
quote...."It's now over three weeks since veteran Justice Department
(DOJ) lawyer David Margolis dashed the hopes of those seeking
accountability for the Bush administration's torturers, but this is a
story of such profound importance that it must not be allowed to slip
away." -
also posted at Uruknet
This
Time It's Pregnant Women: Another US Atrocity in the Bush-Obama War in
Afghanista
Special Note - A
quote...."Another night-time raid on a housing compound in Afghanistan.
Another bunch of innocent Afghans killed. Another round of lies by the
US-led forces of the so-called International Security Assistance Force
(ISAF). Only this time, among the dead are two pregnant mothers and a
teenage girl. - And once again the US media remain mute, accepting the
official story, which was of ISAF forces responding to an attack which
in reality appears never to have happened." --
also posted at Uruknet
How
China
Views
America: The Human Rights Record of the United States in
2009
Special Note - A
quote...."BEIJING -- China's Information Office of the State Council
published a report titled "The Human Rights Record of the United States
in 2009" - Following is the full text...."
Final destination
Iran?
War Alert - A
quote...."Hundreds of powerful US “bunker-buster” bombs are being
shipped from California to the British island of Diego Garcia in the
Indian Ocean in preparation for a possible attack on Iran."
Munawar
blames Blackwater for Lahore bombings
A qutoe...." KARACHI: Jamaat-e-Islami Amir Syed Munawar Hasan Friday
alleged that infamous US security firm Blackwater was behind all terror
attacks in Pakistan under the supervision of Interior Minister Rehman
Malik."
Afghan
government
claims
coalition
troops
killed
12
civilians
A quote...."KABUL (BNO NEWS) — The Afghan government on Sunday accused
coalition troops of killing twelve civilians during recent operations
in the country, a claim which NATO was not immediately able to
confirm." --
also posted at Uruknet
Socialists
defeat
Sarkozy's
UMP
in
regional
polls
A quote...."Exit polls indicate that the Socialists have gained the
upper hand over President Nicolas Sarkozy's UMP party in France's
regional elections, suggesting the center-right is heading for a big
defeat." --
also posted at WarInIraq
Anti-Berlusconi
strike
paralyzes
Italy
A quote...."Italy has been hit by a nationwide worker strike following
a call by the country's largest trade union, which has protested at
Rome's economic and immigration policies." -
also posted at WarInIraq
Georgian
Mock
Invasion
Broadcast
‘a
Provocation’
–
Kosachev
Video -
Alt - A
quote...."Georgia has been in a state of panic after its Imedi
television network broadcast a mock play-out of a scenario in which the
country suffers a blitz military invasion from Russia and its President
Mikhail Saakashvili is physically eliminated."
Russia's
ruling
party
wins
regional
elections
A quote...."MOSCOW, March 15 (Xinhua) -- Russian Prime Minister
Vladimir Putin's United Russia party won a number of regional and local
elections, results showed on Monday. -- According to preliminary data
from the Central Election Commission (CEC), United Russia won each of
the eight regions' legislative polls, taking 183 parliamentary seats in
the regional parliaments in total."
Putin
in
deal
to
build
nuclear
reactors
for
India
A quote...."India and Russia today signed a nuclear co-operation
agreement, which paves the way for the building of about a dozen
nuclear reactors in India, with Russian help, over the next few
decades." -
also posted at BLN
========== ========== ========== ========== ========== ==========
========== ====
AFRICOM’s
First
War:
U.S.
Directs
Large-Scale
Offensive
In
Somalia
A quote...."Over 43 people have been killed in the Somali capital of
Mogadishu in two days of fighting between Shabab (al-Shabaab) insurgent
forces, who on March 10 advanced to within one mile of the nation’s
presidential palace, and troops of the U.S.-backed Transitional Federal
Government. The fighting has just begun. -
also posted at Uruknet
Africom
Commander
Says
U.S.
Supports
Somali
Government
to
Retake
Mogadishu
A quote...."WASHINGTON -- A senior U.S. military commander said on
Tuesday the United States would support the Somali transitional
government to retake the national capital Mogadishu. -- William
Ward, who runs the U.S. Africa Command, told a Senate hearing the
Somali government's effort in retaking Mogadishu is " something that we
would look to do in support."
For more on the two articles
shown above see....Africa
-
the
Next
Target
-
02-28-08
-
mpg
East
Africa
is
Next
Hot
Oil
Zone
Related Article - A quote...."NAIROBI, Kenya, March 10 (UPI) -- East
Africa is emerging as the next oil boom following a big strike in
Uganda's Lake Albert Basin. Other oil and natural gas reserves
have been found in Tanzania and Mozambique and exploration is under way
in Ethiopia and even war-torn Somalia."
========== ========== ========== ========== ========== ==========
========== ====
New
Uncle
Sam
Poster
by
Mr.
Fish
Poster -
Great poster. - mpg
The
true
nature
of certain 'progressives' finally being revealed -
posted at OnlineJournal
A quote...."(
WMR) --
Recently, DailyKos’s agent of influence for the corporate
power structure, its founder Markos Moulitsas Zuniga, called
Representative
Dennis Kucinich (D-OH) a “little prick” and announced he was
backing a
primary challenger to Kucinich. This has prompted several hard-hitting
diaries
this week, such as
What the hell is up with Kos? and
Markos
Moulitsas
Should Primary Himself."
Web Censorship Alert - "
Comcast
Blocks
the
CLG
Newsletter
--Comcast has decided that its
customers should not receive the CLG Newsletter. 15 Mar 2010
Dear Comcast CLG Newsletter subscribers, --
Comcast
has
made
the
decision
that
you
should
not
receive
the
CLG
Newsletter.
That's
right
-
all
Comcast
people
are
blocked. -- ALL CLG readers: If you're as OUTRAGED as I am,
please
CONTACT Comcast and share your thoughts.
1-800-266-2278
-- Please write (
contactus@legitgov.org)
and
let
us
know
if
you
took
action
and
if
they
were
at
all
helpful.
--
Thank
you."
-
Paragraph posted at CLG --
In the opinion of this website editor EVERYONE should call up Comcast and
castigate them for their endless attempts to censor the web. - mpg
========== ========== ========== ========== ========== ==========
========== ====
More On The
Palestinian Situation....
Weekly
Report
on
Israeli
Human
Rights
Violations
in
the
Occupied
Palestinian
Territory
(04
–
10
March
2010)
Week
in
and
week
out. If it happened to your country, what
would you do? - mpg -
also
posted at Uruknet
- IOF used excessive force against peaceful Palestinian
demonstrations in the West Bank.
- 17 Palestinian civilians, including 4 children and 3
journalists, were wounded by Israeli gunfire.
- IOF continued to fire at Palestinian farmers and workers in
border areas of the Gaza Strip.
- IOF arrested 3 Palestinian fishermen from the Gaza Strip
and confiscated their boat.
- IOF conducted 18 incursions into Palestinian communities in
the West Bank.
- IOF arrested 14 Palestinian civilians, including two
children.
- IOF stormed a school in 'Azzoun village near Qalqilya.
- Israel has continued to impose a total siege on the OPT and
has isolated the Gaza Strip from the outside world.
- IOF arrested a Palestinian businessman at Beit Hanoun
(Erez) crossing and detained him for several days.
- Israel has continued its settlement activities in the West
Bank
and Israeli settlers have continued to attack Palestinian civilians and
property.
- The Israeli government approved the construction of 1,712
housing units in Israeli settlements in Jerusalem and Bethlehem.
- IOF ordered the demolition of civilian property in the West
Bank.
Israel
tortures
Jerusalem
minors
A quote...."Occupied Jerusalem – Jerusalem Center for Social and
Economic Rights revealed Saturday that Israeli police tortured
Jerusalemite children, who were arrested before by Israelis." -
also posted at AlethoNews
& Uruknet
& WarInIraq
17
Feb.
'10:
Israel
Police
arrests
children
aged
12
to
15
in
night
raids
in
Silwan,
East
Jerusalem
A quote...."In recent months there have been many cases in which minors
aged 12-15 from Silwan, in East Jerusalem, were arrested in the middle
of the night by police officers and Israel Security Agency agents
accompanied by armed border policemen. The minors were taken out of
their beds and brought to the police station in the Russian Compound,
in West Jerusalem. Some of them were brought handcuffed, and none of
the parents were allowed to accompany them. At the station, the minors
were interrogated on suspicion of stone throwing. According to
testimonies that some of them gave to B'Tselem, the interrogators beat
and threatened them." -
also posted
at Uurknet
Continuing
campaign
of
arrests
against
civilians
in
the
West
Bank
A quote...."Israeli campaign of detentionThe Middle East Monitor (MEMO)
has obtained primary evidence of how Israeli forces and Palestinian
security services have embarked on a campaign of arrests against Hamas
supporters in the occupied West Bank. A list containing details of the
political detainees arrested in the months of January and February 2010
is attached. It can be seen how, increasingly, arbitrary political
arrests are being conducted in Nablus and Hebron, where there is a high
level of Hamas support, as well as other governorates across the West
Bank. The detainees include university students, professionals,
journalists and political activists." -
also posted at Uruknet
[Jewish
Israeli]
Settlers
Torch
Olive
Orchard
In
Hebron
A quote...."A group of fundamentalist Jewish settlers burnt on Thursday
at night an olive orchard in Safa village, north west of Hebron, in the
southern part of the West Bank." -
also
posted
at Uruknet
Mayor:
[Jewish]
Israeli
settlers
uprooted
40
olive
trees
A quote...."Nablus – Ma'an – Israeli settlers uprooted dozens of olive
trees in Qaryut, south of Nablus, at dawn on Friday, officials said."
-
also posted at Uruknet
========== ========== ========== ========== ========== ==========
========== ====
Champions
of
neoliberal
economics
are
reversing
New
Deal
economics -
posted
at OnlineJournal
A qutoe...."The “golden” years of the U.S. economy in the immediate
post-WW II period, along with the recovery and expansion of the
economies of other industrialized countries, afforded the working class
of these countries a decent, even middle-class, standard of living.
Combined with extensive social safety-net programs such as the New Deal
reforms in the U.S. and Social-Democratic reforms in Europe, the
economic recovery and high employment rates of that period paved the
way for a relatively cooperative relationship between the working and
capitalist classes in these countries."
Lehman
Fraudulently
Cooked
Its
Books,
Accounting
Giant
Ernst
&
Young
Helped,
Geithner
and
Bernanke
Winked
and
Slapped
Them
on
the
Back
-- A quote...."As William K. Black
said
a year ago, the government's entire strategy now - as in the S&L
crisis - is to
cover up how bad things are ("the entire
strategy is to keep people from getting the facts"). -- Paul Krugman
and others
pointed
out that Geithner has been trying to artificially prop up asset
prices, but that such a strategy cannot succeed. -- As I've pointed out
numerous
times, the stress tests were a total sham, with a pre-ordained
passing grade for the banks. -- As I've
noted
repeatedly over the last couple of years, the government has allowed
the giant banks to hide their liabilities and maintain dizzying amounts
of leverage by using off-balance-sheet gimmicks" -
also posted at BLN
Americans
Are
Still
21
Percent
Poorer
Than
Before
The
Recession
Full Quote...."
American households saw their wealth increase at the end of last year,
mainly because the healing economy boosted
stock portfolios.
-- The Federal Reserve says household net worth rose 1.3 percent in the
fourth quarter to $54.2 trillion. It marked the third straight quarter
of gains. Net worth had risen 4.5 percent in the second quarter of 2009
and an even stronger 5.5 percent in the third quarter. -- Net worth is
the value of assets such as homes, checking accounts
and
investments minus
debts like mortgages and credit cards. -- Even with the gain,
Americans' net worth would have to rise an
additional 21 percent to get back to its pre-recession peak of $65.9
trillion. That shows the vast loss of wealth people have suffered from
the worst downturn since the 1930s." -
From AP
China wants US
reassurance over dollar
And they'll get it too.
If China believes the assureances though, this website editor has a
bridge to sell them. - mpg -- A quote...."Chinese Premier Wen
Jiabao makes a point at his annual press conference after the closing
of the National People's Congress held in the Great Hall of the People
in Beijing, China, Sunday, March 14, 2010. (AP Photo/Ng Han Guan)
Alex
Jones
On
Russia
Today
–
Free
speech
under
fire - Alt - (YouTube -
8 min 10 sec - March 10, 2010)
Must View Video -
Alex is really good here, his facts and
cites are spot on. - mpg
-- A quote...."(RussiaToday) – Alex Jones’ Web sites were assaulted in
a massive, organized and sustained attack, which is still ongoing. He
claims that zombie computers around the world were used to launch
denial of service attacks against him. Alex also weighs in on attacks
against Jesse Ventura — is he a victim of both the CIA and the
mainstream media."
Is
Mainstream
Media
News
Dying?
Related Article - Some quotes...."According to the Pew Internet and
American Life Project,
the
Internet
has
surpassed
newspapers
as one of the primary ways that Americans get their news. - Perhaps
that seems only natural to many of us now, but there was a time before
the Internet was widely available that a very high percentage of the
population would read a newspaper each day. - But now all of that has
fundamentally changed." -- "So why are so many diverse mainstream media
outlets hurting so much? - There are a lot of reasons, but one of the
key factors
is that people are tired
of not hearing the truth." - bold by website editor
European
Parliament
Rips
Global
IP
Accord
-
Hip
Hip Hooray!! Resistance is NOT futile!!
Special Note - A
quote...."March 10, 2010 | 3:56 pm | The European
Parliament delivered a political blow to Hollywood and the Obama
administration, voting Wednesday 663 to 13 in opposition to a proposed
and secret intellectual property agreement being negotiated by the
European Union, United States and a handful of others." --
also posted at BLN
Government
Internet
Censorship
Begins
In
Stealth
In
New
Zealand
Related Article - A quote...."The government of New Zealand has quietly
implemented an
internet filter and is urging the leading ISPs in the country to adopt
the measure, in a move that would give the authorities the power to
restrict whichever websites they see fit."
Evidence
Mounts
NATO
Report
Lied
on
Afghan
Civilian
Killings
A quote...."The February 12 night raid against a house party in
Afghanistan’s Paktia Province remains shrouded in mystery, but
NATO’s official story appears to be crumbling as even NATO officials
concede that the claims made were not strictly true."
Bruce
Ivins’
attorney
calls
for
case
to
be
re-opened
A quote...."The 92 page report issued recently by the FBI relied
heavily on conversations Ivins had with “a witness close to the
suspect”. That “witness” was Jean Duley, the woman I and many others
have written extensively about. She got paid by the FBi to set Ivins up
then led him in carefully scripted secretly recorded phone
conversations, on behalf of the FBI, while she was supposedly acting as
his counselor in group meetings he was court ordered to attend. It was
that betrayal that angered Ivins which was then used by the FBI to
insinuate that Ivins was going to attack Duley." --
For more on this issue see....US-False
Flag
Ops
-
Bruce
Ivins
French
bread
spiked
with
LSD
in
CIA
experiment
A quote...."In 1951, a quiet, picturesque village in southern France
was suddenly and mysteriously struck down with mass insanity and
hallucinations. At least five people died, dozens were interned in
asylums and hundreds afflicted. -- For decades it was assumed that the
local bread had been unwittingly poisoned with a psychedelic mould.
Now, however, an American investigative journalist has uncovered
evidence suggesting the CIA peppered local food with the hallucinogenic
drug LSD as part of a mind control experiment at the height of the Cold
War."
========== ========== ========== ========== ========== ==========
========== ====
Russian
President
Medvedev
Signs
Strategic,
Business
Deals
in
France
A quote...."On March 1-3, Russian President Dmitry Medvedev,
accompanying business leaders, made a commercial and diplomatic visit
to France. During his visit, France and Russia made business deals on
energy and manufacturing, and began negotiations over selling French
warships to Russia. France sought Russian support for tougher sanctions
against Iran over its nuclear programme."
India,
Russia
ink
19
pacts
on
defense,
nuclear
energy
and
space
cooperation
A quote...."NEW DELHI, March 12 (Xinhua) -- India and Russia Friday
inked 19 deals, including a 2.34 billion U.S. dollar agreement on the
purchase of aircraft carrier Admiral Gorshkov and a 1.5 billion U. S.
dollar deal on the supplies of 29 more MiG29K carrier-based fighter
jets to the Indian Navy."
Russian
gov't
OKs
deal
on
military
base
in
S.
Ossetia
A quote...."MOSCOW, March 12 (Xinhua) -- The Russian government
announced Friday that it has approved a draft agreement with Georgia's
breakaway region of South Ossetia on a joint military base there. - The
order sanctioned by Prime Minister Vladimir Putin on March 9 now awaits
signature of President Dmitry Medvedev, according to a posting on the
government website."
========== ========== ========== ========== ========== ==========
========== ====
More On The
Palestinian Situation....
Harvard
students
condemn
center's
defense
of
fellow's
racist
statements
Special Note - A
quote...."We write as gravely concerned students and student group
leaders representing over 16 groups throughout Harvard
University. -- We are disturbed by the racist and inhumane
comments of Martin Kramer, Visiting Scholar at the National Security
Studies Program at the Weatherhead Center for International Affairs. We
have become even more alarmed that rather than taking a dissociating or
even strictly neutral stance against such extremist and hateful
statements, the Weatherhead Center issued a defensive response." --
For more regarding this issue see the
articles and comments shown below....
Harvard
Fellow
calls
for
genocidal
measure
to
curb
Palestinian
births
A quote...."A
fellow at Harvard University's Weatherhead Center for International
Affairs, Martin Kramer, has called for "the West" to take measures to
curb the births of Palestinians, a proposal that appears to meet the
international legal definition of a call for genocide." --
posted 02-23-10
--
also posted at AlethoNews
&
WarInIraq & AmericanEveryman
Harvard
center
condemns,
then
defends,
fellow's
pro-genocide
statements
A quote...."Leaders of
the Weatherhead Center for International
Affairs at Harvard University (WCFIA) have condemned
and then defended
statements by Martin Kramer, one of the center's fellows, which
endorsed
a cut off of UN food and other humanitarian aid to Palestinian refugee
children besieged in the Gaza Strip as a means to reduce the
Palestinian birthrate and thus the Palestinian population."
--
bold/underline
by
website
editor
--
posted
02-23-10 --
The
Israelis gun down Palestinian farmers and fisherman every single day,
plow up
Palestinian orchards and farms, cut down their olive trees and vines,
slaughter their live stock, blow up
their wells and springs, bomb their granaries and storage facilities,
won't let them import food and now this. THIS!!! is the
truth folks.
THIS!!! statement came from Harvard folks.....never EVER forget
this
day. These are MONSTERS, they have revealed themselves FOR WHAT
THEY TRULY ARE!! - mpg -
For
more on this issue see Israel's
Scorched
Earth
America
To
The
Rescue,
(Not)
Again
Special Note - A
quote...."The Palestinian leadership has historically failed to
understand that the US’ “special relationship” with Israel will require
countering through much more serious mobilization, organizing, and
activism to complement their diplomatic efforts. After the utter
failure of the US-sponsored (and micro-managed) Oslo peace process,
anyone treating the US as a neutral mediator must be suffering from
some form of delirium, all the more so if they are Palestinians."
Israeli
occupation
bar
worshipers
from
reaching
the
Aqsa
Mosque
A quote...."Only a few hundred out of around 30,000 worshipers managed
to reach the Aqsa Mosque for the Friday noon prayers, this is not
taking account of worshipers from the rest of the West Bank who could
not enter Jerusalem."
Israeli
police
launched
arrest
campaign
among
Palestinians
A quote...."Israeli occupation authorities conducted a campaign of
arrests in occupied Jerusalem, early yesterday morning."
Israeli
soldiers
order
Tulkarem
farmers
to
strip
A quote...."Tulkarem – Ma'an – Israeli soldiers demanded 20 farmers
strip naked for a security check as they returned from their fields
west of the separation wall on Friday afternoon, the men reported."
Sheikh
Jarrah
Mass
Rally
Special Note - (Great) Photo
Gallery -- A quote...."Thousands of Israeli and Palestinian
activists joined the rally last Saturday in Est Jerusalem to protest
the eviction of Arab families from Sheikh Jarrah, where Jewish settlers
continue to occupy Palestinian homes. The photos were taken by Brady
Ng, FLV, Julian."
========== ========== ========== ========== ========== ==========
========== ====
We
Can't
Inflate
Our
Way
Out
of
the
Debt
Crisis
...
So
What
CAN
We
Do?
Chart - Must Read it and Weep!
-
(Outstanding Analysis) -
Here's the cold, hard TRUTH folks, the
parasitic class is NOT going to stop their endless wars and endless
bailouts for themselves. They can't inflate their way out of the
mess they created, so guess who's gonna pay. YOU! Higher
taxes, lower wages, lower benefits, a declining standard of living,
Social Security and Medicare cuts or even their complete elimination
along with the creation of a vicious, militarized, police state.
The people in this nation have a choice, they still do. Stop
voting for DemoRepubs. - mpg
Some quotes...."The United States cannot “inflate its way
out of debt,” because this would collapse the dollar and end its dreams
of global empire by forcing foreign countries to go their own way.
There is too little manufacturing to make the economy more
“competitive,” given its high housing costs, transportation, debt and
tax overhead. The economy has hit a debt wall and is falling into
Negative Equity, where it may remain for as far as the eye can see
until there is a debt write-down..." -- *
Michael Hudson*
"The problem with the idea of governments inflating their way out of a
debt burden is that it does not work. Absent episodes of
hyper-inflation, it is a strategy that has never worked." -- *
Paul Donovan*
"The bad news for central bankers is that creating currency isn't like,
say, diluting shareholders in a company. You're always rolling your
debt, and the market's response to an inflationary strategy is (not
surprisingly) higher interest rates. It's a treadmill, and it's
extremely hard to get ahead." -- *
Joe
Weisenthal*
========== ========== ========== ========== ========== ==========
========== ====
On the Edge with Max Keiser 12 March 2010 -
Stacy&Max(1/3) - Brigitta&Max(2/3) - Brigitta&Max(3/3)
Must View Videos -
Some more entertainment from the Max and
further details on the Icelandic situation from Ms. Birgitta
Jónsdóttir.
- mpg
Russia,
Greece,
Chile,
and
the
Narcissism
of
Harvard
Debt
Lords
Special Note - A
quote...."Today marks the beginning of a new administration in Chile as
Harvard economist and billionaire Sebastián Piñera eked
out a narrow victory in January. Interestingly this is related to
the rest of the world as we also see today Greek police, dressed in the
Darth Vader costumes used in every country, cracking down hard on their
poor countrymen. They have been robbed by the elite
financier/politician tag-teams that roam the world attacking whichever
country and currency they choose. " -
also
posted
at
DProgram
Faber
and
Mish:
We're
Doomed
and
Washington
Can't
Do
Anything
About
It
Contains Video -
It's fun, check out the part were Faber
orders a beer. - mpg -- A quote...."Washington is patting itself
on the back for having orchestrated an amazing economic recovery. But
Washington lawmakers are a delusional bunch of boneheads, say Marc
Faber and Mike "Mish" Shedlock, editor of the Gloom, Boom, and Doom
Report and investment advisor at SitkaPacific Capital Management,
respectively."
$400
Million
to
Kill
Financial
Reforms
&
Destroy
America.
Warning,
They
Are
Winning
The
War!
A quote...."Yes, Wall Street wins, again. Wall Street’s control America
is a drama right out of a Scorsese film about the mafia and crime in
New York. They bought off Chris Dodd, who’s capitulated to the darkside
while “interviewing” for a million dollar job as a lobbyist. They
bought off, President Obama. Turns out he’s no Luke Skywalker, no
”game-changer,” not even much of a Chicago politican. They spent $400
million to kill financial reforms in Congress, to make absolutely sure
the American public gets screwed, again … and in the process, they are
setting up the next collapse. The big one. The dotcom crash didn’t do
it. The subprime credit meltdown didn’t do it. What will? Another,
bigger event … a combo of the “Collapse of the American Empire,” plus
the “Great Depression II.”
Economy Kept On
Life Support While Global Governance Is Organized
Charts - A quote...."At
the beginning of the year, official unemployment stood at around
10%. This number of course does not include those people who are
off unemployment benefits and still have not found jobs, or those
people who are underemployed. The Labor Department then announced
their intention to revise their “birth/death ratio” method of
calculating job loss, which would supposedly add a whopping 800,000
lost jobs to their books that were hidden before: -- Directly after
this news was released, markets braced for a substantial increase in
the unemployment percentage. Yet, by some act of magic, the
unemployment percentage fell to 9.7%! How is this possible?
Well, those of us who were hoping for greater Labor Department
transparency (including myself) should have known better. With
the Labor Department, two-plus-two NEVER equals four… As the EPI
article above indicates, while the government has reportedly changed
their dubious “birth/death ratio” method, they also at the same time
changed their “home survey” method."
New
round
of
foreclosures
threatens
housing
market -
Gee....what
a surprise. - mpg
Chart - A quote...."The
housing market is facing swelling ranks of homeowners who are seriously
delinquent but have yet to lose their homes, and this is threatening a
new wave of foreclosures that could hit just as the real estate market
has begun to stabilize. --
About 5
million to 7 million properties are potentially eligible for
foreclosure but have not yet been repossessed and put up for
sale. Some economists project it could take nearly three years before
all these homes have been put on the market and purchased by new
owners.
[Hah! In their dreams!]
And the number of pending foreclosures could grow much bigger over the
coming year as more distressed borrowers become delinquent and then, if
they can't obtain mortgage relief, wade through the foreclosure
process, which often takes more than a year to complete." - bold by
website editor
Mortgage Principal
Writedown Won't Save Housing
A quote...."The problem is prices. Home prices have fallen so far in
the hardest hit areas, the areas where the bulk of the troubled loans
are, that banks would have to write down principal 30 to 50 percent to
put borrowers back in the green. Accounting rules require that banks
write down the value of those loans on their books,
[You mean (gasp) "Mark to
Market"?!?! AMFG!!!] and experts tell me that if banks
really accounted for all the losses in the home loan market, they'd all
be insolvent.
[Translation:
They've ALL BEEN insolvent for the last two years] --
That's why the Obama Administration
[&
his
Wall
Street
buddies]
has created this kind of shell game in
the first place."
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