Tuesday October 7th 2008
The Kingdom of Leprosy
10-07-08
mpg
Syria
plays hardball with the Saudis
A quote...."DAMASCUS - In a further sign of just how low Syrian-Saudi
Arabian relations have sunk, Syrian authorities have banned the
distribution of al-Hayat, the Saudi-owned mass circulation Arab daily.
-- The step came nearly two years after al-Sharq al-Awsat, another
Saudi daily, was banned from Syria for running articles that were
considered critical of the Syrian government during the Israeli war in
Lebanon in 2006. -- Subsequently, the Syrians hailed Hezbollah in
Lebanon as a resistance organization while the Saudis criticized it
because of its links to Iran, claiming that Hezbollah leader Hassan
Nasrallah was an "adventurer". -- President Bashar al-Assad snapped
back in a speech that those who had conspired against Hezbollah in the
Arab world (in clear reference to Saudi Arabia) were "half-men"."
The Saudi Royals seem to think
all the peoples who live in the Middle East are just plain
stupid. They
have for thirty years co-opted or corrupted every single nationalist
movement throughout the Middle East in the furtherance of US and
Israeli geopolitical interests.
They have for thirty years
consistently and aggressively, just as has the United States, supported
every single radical, rejectionist, fundamentalist, violent, terrorist
organization that exists in that region to serve as "agent
provocateurs" to disrupt or discredit any movements that would
legitimately represent the interests of the civilian populations in the
region...the poor, the disenfranchised, and the down trodden
They have for thirty years
pretended to support the Palestinian cause while secretly maneuvering
behind their backs to thwart any of their efforts to achieve their own
independent nation state or their rights to live equally along side the
Israelis in one state.
They have, at the subtle
urgings of this nation's MIOC PNAC'ing Neocons, sent fifteen out of
nineteen of their fellow citizens to carry out 9/11, enabling the
elites of the United States to use that discredited fig leaf of a false
flag operation to initiate a massive war of aggression against several
nation states surrounding the Gulf to seize their oil resources.
They have, in the end, allowed
Islam to be deliberately besmirched, degraded, denigrated and twisted
in front of the entire international community so they could continue
to engage in a program, along with the United States, to "pacify" the
unruly peoples of the Middle East in order to make them conform with
the "New World Order", adopt "Neo-Liberal" economic policies and submit
to the will of these elites while ensuring the Saudi Royals continual
comfort and security.
Their plans are as obvious and
as childish as they are corrupt and utterly evil.
The Saudi Royals remind this
editor of a character in the film Braveheart, the farther of Robert the
Bruce. His farther was portrayed as being slowly eaten alive by
leprosy all the while consoling his son that "great" men are "great"
precisely
because of their ability to "compromise", by their ability to lie and
play one side off against another, by their ability to betray their
followers, friends, and comrades. That in the end to "survive"
and be crowned
King of Scotland, Robert the Bruce would have to betray all of his
beliefs.
And the Saudi Royals certainly
have done so, to the dismay and horror of just about every person
throughout the world.
- mpg
For more on this issue see....The
CONversation - 09-04-06 - mpg
========== ========== ========== ========== ========== ==========
========== ====
US
backs Taliban return to power in Afghanistan -
Guess that's the end of this current ten
year cycle...for now. mpg
To all those people out there
who want to "get dem dare terrorists"....could we please stop
pretending now? - mpg -- A quote...."US defense secretary Robert
Gates on Monday endorsed efforts to reach out to members of the Taliban
or other militants in Afghanistan who may be considered reconcilable,
much like what has happened in Iraq. And he rejected assertions made by
a British commander that the Afghan war is not winnable."
Delta
Force officer: US officials stopped plans to kill bin Laden
A quote...."After September 11, 2001, a team of elite Delta Force
commandos was sent into Afghanistan with an assignment to find and kill
Osama bin Laden at Tora Bora -- but that mission failed."
You've
Bin Conned
Related article - A quote...." A lot of us said that Bin Laden was
being used as a prop in the propaganda effort to promote the "war on
terror". -- We said that Bin Laden might very well be dead, with the
U.S. covering it up so Americans remain scared. If he wasn't dead, we
said that the U.S. is intentionally letting him run free in order to
keep their "boogeyman", in order to sustain fear among Americans (so
they'll support the "war on terror")."
Turkish moves to
crush PKK may hurt US, EU ties
A quote...."Turkey faces increasing pressure at home after Friday's
deadly ambush to launch a major offensive against Kurdish rebels in
northern Iraq that would hurt its ties with Washington and the European
Union, analysts say. Tapping into widespread indignation and
nationalism sparked by the attack that killed at least 15 Turkish
soldiers, newspaper Vatan's front-page headline said, "Enough is
enough!", along with photos of the dead soldiers." - -
For more on this issue see....US
Support of Terror
McCain
linked to private [terrorist]
group in Iran-Contra case
A quote...."WASHINGTON (AP) — GOP presidential nominee John McCain has
past connections to a private group that supplied aid to guerrillas
seeking to overthrow the leftist government of Nicaragua in the
Iran-Contra affair."
Yemen
disbands 'Mossad-sponsored cell'
A quote...."Yemen has reportedly disbanded a 'terrorist cell' which was
allegedly operating under the supervision of Israeli intelligence
services. -- A terrorist cell was arrested five days ago and will be
referred to the judicial authorities for its links with the Israeli
intelligence services," Yemeni President Ali Abdullah Saleh told Saba
news agency on Monday."
Exclusive:
Rumsfeld Updated Army's Continuity of Operations Plan before 9/11
Special Note --
Must be "a'nodder one'ol dem dare
co-in-cee-din-cezzz" -- A
quote...."Ten months before the September 11, 2001 terrorist attacks,
Secretary
of Defense Donald Rumsfeld approved an updated version of the U.S.
Army's secret operational Continuity of Government (COG) plans. -- A
draft
document
published by the whistleblowing website
Wikileaks
entitled, "Army Regulation 500-3, Emergency Employment of Army and
Other Resources. Army Continuity of Operations (COOP) Program," dated
19 January 2001, spells out changes in Army doctrine." --
Also posted at ICH
The
Ultimate 9/11 ‘Truth’ Showdown: David Ray Griffin vs. Matt Taibbi
A quote...."(Good morning. What I am about to post here today is 10
pages long. It is the entire 1st Part of the interview/discussion
between Matt Taibbi and David Ray Griffin on the topic of the 9/11
Truth Movement and the need for a real investigation into the events of
9/11. Taibbi is listed here as one of the leading skeptics of the 9/11
Truth movement, but I don’t really think that holds up. In fact, the
second part of this, linked at the end, is Taibbi’s attempt at rebuttal
to Prof. Griffin, and in fact, he starts that off by saying he was so
unbalanced by Griffin’s work here, that he eventually had to come to
the decision that he would ignore the facts that Griffin presents. Let
me repeat that: Matt Taibbi comes the conclusion that he has to ignore
the facts in order to keep his belief system intact. Then he proceeds
to use smear tactics and name calling to go after David Ray Griffin.
This “debate” is as one sided as it gets, people."
Former
CIA Operative: "Of Course Bin Laden is Dead"
He's been dead for years, all
the tapes the stupid drooling morons who watch Fox news have been
viewing are
completely
and totally fake...by the way -- PS:
To
all the wealthy
elites of this country, go right ahead and remove his frozen popsicle
corpse from that Saudi freezer, thaw him out and stage his death right
before the US elections take place....go ahead, be this editor's guest,
you'll be fooling absolutely no one. - mpg -- A quote...."An
important news item that flew under the radar for the most part last
week was the assertion from former CIA operative turned whistleblower
Robert Baer that Osama Bin Laden is long dead. -- The hugely respected
intelligence & foreign policy expert told Terry Gross, host of
National Public Radio show Fresh Air, "Of course he is dead, where are
the DVDs? Bin Laden wouldn't dye his hair, all these things can be
manipulated."
Judge
Orders Guantanamo Releases
A quote...."The judge said there was no evidence the detainees, who
have been held at Guantanamo for nearly seven years, were "enemy
combatants" or a security risk, and that the U.S. Constitution
prohibits indefinite detention without cause. -- He
ordered them brought to his courtroom for a hearing on Friday and
scheduled another hearing for Thursday of next week." --
But didn't our lovely un-elected, elite
selected, White House squatting, little smirking monkey state
unequivocally that the former United States' (now known as the New
Roman Empire's) constitution was "just a God damn piece of paper"? -
mpg
Secrets
of Iraq's death chamber
Must View (
for the outrage) -- A
quote...."Like all wars, the dark, untold stories of the Iraqi conflict
drain from its shattered landscape like the filthy waters of the
Tigris. And still the revelations come. -- The Independent has learnt
that secret executions are being carried out in the prisons run by
Nouri al-Maliki's "democratic" government." --
Also posted at CommonDreams & AfterDowningStreet
Palestine,
Israel Fairy Tale --
a.k.a. "To
dream the impossible dream". - mpg
A quote...."It has happened. -- In a solemn ceremony, on a stage
bedecked with Israeli and Palestinian flags, the peace treaty between
Israel and Palestine has been signed. -- Negotiations did not take
long. The essential elements of the treaty had been known for a long
time. The document held no real surprises. -- Israel agreed to
recognize the State of Palestine. The border between the two states was
based on the so-called Green Line (the pre-1967 line), but both parties
agreed on a limited exchange of territory. About 5% of the West Bank,
including several "settlement blocs", were joined to Israel, in
exchange for an equivalent area alongside the Gaza Strip. Both sides
expressed the wish to keep the border open for the movement of people
and goods."
A
War of Self-Destruction
From the History File -- Just a
timely heads-up reminder - mpg -- A quote...."
Posted on Aug 4, 2008
-- An attack on Iran, which Israeli and Bush administration
officials appear set to carry out if Iranian uranium enrichment is not
halted, would ignite a regional war in the Middle East and lead to
economic collapse and political upheaval in the United States. -- “In
short and simple terms, we would be plunged into a depression that
would make the Great Depression of the 1930s in which I spent my
childhood look like boom times,” said William R. Polk, former professor
of history at the University of Chicago and a member of the Policy
Planning Council under President Kennedy."
Russia
accuses US of letting arms controls treaties lapse
A quote...."Moscow - Foreign Minister Sergei Lavrov has called a
Russian attack on the United States 'absolutely unimaginable', but
accused Washington of dangerously shrugging off the nuclear arms
control regime set at the end of the Cold War, in an interview
published Tuesday. -- Lavrov ridiculed the recent Western commentary
that has fretted over Russia renewing Soviet-era military alliances in
South America, with planned Venezuelan-Russian military exercises in
the Caribbean this year."
Russia
and Bolivia ink helicopter deal
Video - A
quote...."Russia and Bolivia strengthened their ties this week with
Moscow concluding a deal with La Paz to purchase five Russian civil
defence helicopters. The deal also forms part of a strategy of Latin
American integration, sidelining the United States, as countries like
Venezuela, Brazil, and Argentina among others, attempt to re assert
control over their own progress. Forrest Hylton states that " there
used to be a recognition of spheres of influence. All that is over. "
The
US Neocon's New Proxy War in
Georgia - 1 article - Tuesday - [ Day 61 ] =====
==========
I
survived the Georgian war. Here's what I saw.
A quote...."By Lira Tskhovrebova -- from the October 8, 2008 edition --
Tskhinvali, South Ossetia - In a speech before the United Nations last
month, Georgian President Mikheil Saakashvili implored world leaders to
set up an international investigation to find out the truth about the
war in South Ossetia. -- I couldn't agree more. But I think the results
of an honest investigation would reveal a very different "truth" than
what President Saakashvili claims. -- I know this because I was in
Tskhinvali, the capital of South Ossetia, on Aug. 7 when Georgian
troops marched into the city and killed my friends and neighbors. I
huddled with my family in terror for three nights while Saakashvili's
tanks and rockets destroyed hundreds of our homes, desecrated
cemeteries, gutted schools and hospitals."
End - The
US Neocon's New Proxy War in
Georgia - 1 article - Tuesday - [ Day 61 ] ===
==========
GOP
Judges Aid White House Cover-up
A quote...."A Republican-dominated federal Appeals Court panel has
blocked the enforcement of a congressional subpoena, effectively
guaranteeing that George W. Bush will leave the White House without his
senior aides having to explain the firings of nine prosecutors."
Cindy
Sheehan Reveals Plan for New National Party
Action Alert -- A
quote...."07/10/08 "Digital Journal" Anti War activist and challenger
for House Speaker Nancy Pelosi's Congressional Seat (CD 8, California),
Cindy Sheehan has indicated her intention to launch a National
political party after the U.S. Election of Nov. 4 -- Inspired in part
by Mark Twain's involvement in The American Anti Imperialist League in
reaction to the annexation of the Philippines by the United States in
the late 19th Century, Sheehan said that the party will have a
progressive platform and that after Nov. 4, "no matter what happens, we
need to consolidate the energy against Imperialism and work on building
another party movement."
========== ========== ========== ========== ========== ==========
========== ====
The Good
News About the Bailout
A quote...."We just had a $700 billion bailout bill that was signed
into law and done in defiance of the American people at large. This
money is on top of many more billions that have already been spent
bailing out Wall Street. We have a runaway government and we will
likely experience economic depression or very high inflation, or
possibly both, in the near future. Yet, I am smiling about the whole
thing."
AIG
Congressional Hearing: "They Were Getting Manicures... While American
People Were Footing The Bill"
A quote...."Have you heard of anything more outrageous - a week after
taxpayers commit $85 billion dollars to rescue AIG, the company's
leading insurance executives spend hundreds of thousands of dollars at
one of the most exclusive reports in the nation...Let me describe for
some of you the charges that the shareholders, taxpayers, had to pay."
U.S.
Debt Too Big for National Debt Clock -
Oh this one is funny. - mpg
Video -
Special Note - A quote...."The
National Debt Clock, launched in 1989 when the nation's debt was less
than $3 trillion, cannot keep pace with the growing national debt, now
at more than $10 trillion."
Finance
crisis: in graphics
Multiple Charts - A
quote...."It is shaping up to be one of the most tumultuous times on
record in the global financial markets. -- The financial landscape is
going through a period of upheaval with some major firms folding, other
operations merging and a limited number of companies in both the Europe
and the US, being rescued at a governmental level."
Bank
bailout: Alistair Darling unveils £500billion rescue package
A quote...."The plan will see the taxpayer take large stakes in the
major banks in return for a massive injection of money to prop up their
shattered balance sheets. -- The part-nationalisation deal comes as a
last-ditch effort to prevent the banks from a catastrophic collapse,
following another day of hammering on the stock market."
Prime
Minister calls meeting with finance chiefs after nightmare day for banks
A quote...."Last Updated: 8:14AM BST 08 Oct 2008 -- Gordon Brown and
Alistair Darling were tonight meeting with
finance chiefs to discuss the recapitalisation of the UK banking system
after a turbulent day on the markets which also saw British savers hit
by the collapse of the Icelandic bank Icesave."
Iceland
nationalizes second-largest bank
A quote...."REYKJAVIK, Iceland (AP) -- Iceland nationalized its
second-largest bank Tuesday under emergency legislation and said it was
negotiating a 4 billion-euro ($5.4 billion) loan from Russia to shore
up the nation's finances amid a full-blown financial crisis."
Knock
Out: CNBC Confirms Lehman CEO Punched at Gym
A quote...."It seems anxiety from the financial crisis is reaching new
highs, but the tipping point for one individual came at the Lehman
Brothers gym in the midst of the company’s collapse."
American
financier kills his family and himself after losing fortune in credit
crunch
A quote...."A businessman gunned down five members of his family then
shot himself after seeing his family's fortune wiped out by the stock
market collapse. -- Karthik Rajaram, 45, who had made almost
£900,000 on the London stock market, shot his wife, three
children and mother-in-law in the head before turning the gun on
himself at the family home near Los Angeles."
Monday October 6th 2008
Down the
Road to Serfdom
Must Read - A
quote...."Threatening an imminent economic collapse, Treasury Secretary
Hank Paulson and Fed Chairman Ben Bernanke have bamboozled Congress
into enacting the most brazen confiscatory scheme ever concocted by
government. The scheme would have American taxpayers fork over $700
billion of their cash to help recapitalize some of the country's
biggest banks – the same banks that recently larded their bigwigs with
$62 billion
in bonuses. -- Sensing a pushback by the world's
dollar-surplus regions –
Asia and
the Mideast – to finance the largest debtor economy, the U.S.
government will now plunder its own countrymen to keep
capital
running "uphill." As
with most statist remedies, it is being marketed as a boon for Main
Street, tantalizing its inhabitants with the prospect of profits
wafting westward from those malodorous Wall Street investments.
However, Congress has inured the Treasury from accountability and legal
recourse, giving Paulson dictatorial power over the nation's financial
sector. Rather than let this
bloated
segment of the economy
shrink and consolidate, Paulson and his successor will extend it
unlimited life support, bloodletting everything else, in a final ruin
of the nation." --
Also posted at
ICH
We're
on "the edge of the abyss”
Must Read - A
quote...."06/10/08 '"ICH" -- "The recent financial recovery plan that
Congress enacted will not rebuild lending and credit flows. That
requires a program to stop a downward overshooting of house prices and
the resulting mortgage defaults....The prospect of a downward spiral of
house prices depresses the value of mortgage-backed securities and
therefore the capital and liquidity of financial institutions. Experts
say that an additional 10% to 15% decline in house prices is needed to
get back to the prebubble level. [
that's
not the "downward overshooting" part, that's just the "getting back to
normal part"....it could get a lot worse.] That decline
would double the number of homes with negative equity, raising the
total to 40% of all homes with mortgages. The mortgages of five million
homeowners would then exceed the value of their homes by 30% or more,
which could prompt millions of defaults." (Martin Feldstein, "The
Problem is still Falling house Prices", WS Journal)" --
Also posted at CounterPunch
Regarding
this comment -- #2
posted at ICH -- "ok all what Mr. Whitney
said is logical, but why he did not mention the surge in the dollar
since Sept, something strange all these money created from nothing then
the dollar is getting stronger against all other currency except the
yen. I would like to see Mr. Whitney commenting on this or at least
mention this in his article. Does anybody know why? or at least have an
explanation." -- *monz* |
10.06.08 - 1:30 pm | #
Perhaps this would explain the
rise in the dollar.
The Dollar's Spike
10-06-08
mpg
Passport's
Burbank warns of deflationary bust
Special Note -- A
quote...." Passport generated big returns last year betting against
subprime mortgages. The fund has also been investing in energy and
basic materials companies in a bet on global economic growth and rising
demand from countries like India. Other hedge funds took similar
positions based on this fundamental idea,
betting against financials in the U.S. and against the U.S. dollar
while going long
energy and other commodities. -- bold/underline by webiste editor
It appears that a very LARGE number of hedge funds figured
Bernanke could pull a rabbit out of the hat and inflate his way out of
the current crisis. However, it's beginning to look as if
Bernanke couldn't inflate his way out of this total catastrophe even if
he
threw a trillion dollars a day at the deflationary wave that's
currently towering over the US and world economy. As a result of
this massive unwinding of over leveraged positions, ALL the
commodities and financials are plunging in price while the dollar is
getting a
deflationary "flight to safety" boost forcing the hedge funds to cover
their short positions thereby causing even more of a dollar surge.
This state of affairs will not
last for very
long the way things are going (think Weimar Germany). And this is
one of the
surest signs that the chances for an actual depression have
substantially increased, the fact that so many smart people were caught
believing this would be just another re-play of the late sixties and
early seventies stagflation.
You can include this website
editor in that prediction, but it has been pointed out repeatedly on
this website that each ten
year cycle has caused a substantial - per capita, inflation adjusted -- increase in the debt levels in
the US which could result in a "sudden
shift" or "adjustment" to the economy. This appears to be it,
a massive, uncontrollable deflationary spiral.
If Bernanke manages to pull
the US economy out of its deflationary death spiral (a big if) you will
see inflation in this country like you have NEVER EVER seen it before.
Proving the hedge funds were right in their prognostications -- one or
two years too early.....an unfortunate and extremely expensive matter
of ill timing for them. - mpg
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========== ====
US Economy Collapsing
- (YouTube - 9 min 51 sec - Added: October 05, 2008)
Must View Video - A
quote...."A
View from the Southern Hemisphere.......Please subscribe, rate and pass
this video along as quickly as possible. Thank you." --
For more on this issue see....$1.3
Quadrillion and Counting - 09-18-08 - mpg
An economic
hurricane is about to wipe out the United States and collapse the
global economy: What the future holds
A quote...."I have been trying to put together a piece for the
economics section of the
wrap-up of politics and
economics, but I’ve been having a hard time. How do you
begin to describe a scene where your witnessing the
bloody victims of the
largest train wreck in history be
robbed by the authorities, let alone the part where
bystanders are applauding as
rescuers use kerosene to put out the ensuing fire?"
Germany
takes hot seat as Europe falls into the abyss
Special Note - A quote...."Germany is now in the hot seat. The collapse
of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn
(£311bn) bankruptcy that nearly matches the Lehman Brothers
debacle for sheer scale. --
Chancellor Angela Merkel has been forced to pull her head out of the
sand, guaranteeing all German savings, a day after she rebuked Ireland
for doing much the same thing. Reality intrudes."
The
Wall Street bust
A quote...."Growth [
of Total
Non-Financial Debt (NFD)] rose to $2.319 trillion in 2005,
$2.428 trillion in 2006 and then to last year's record $2.561 trillion.
-- Importantly, this historic credit inflation inflated asset prices,
incomes, corporate cashflows/earnings, government revenues, and various
types of spending throughout the US and global economy. It was a
self-sustaining bubble bolstered by ongoing credit excesses, asset
inflation and resulting purchasing power gains. But NFD growth slowed
sharply to an annualized $1.726 trillion during this year's first
quarter and then sank to $1.127 trillion annualized during the second
quarter. Credit growth is now in the process of collapsing. -- At this
point, there is clearly insufficient credit expansion to support
inflated asset markets;...."
"This
was the largest single act of class warfare in the modern history of
this country." --Dennis Kucinich Dennis Kucinich on the Democrats' Bailout Betrayal By Chris Hedges 05 Oct 2008 The
passing of the $850-billion bailout pulled the plug on the New Deal.
The Great Society is now gasping for air, mortally wounded, coughing up
blood. It will not recover. It was murdered by the Democratic Party. We
are on our own. And don't expect any help from Barack Obama and Joe
Biden, who lobbied hard for the bill and voted for it. Ignore their rhetoric. Look coldly at the
ballots they cast against us. We, as citizens, have only a handful
of representatives left in Washington, most of whom were left
sputtering in rage and frustration on the House floor. The sad irony is
that some of them were Republican." -- Paragraph quoted form CLG --
See also....You
Have a Choice Democracy or Empire 07-24-08 - mpg
Lehman
burns HK's low-risk investors
A quote...."HONG KONG - Thousands of Hong Kong retail investors have
seen their savings disintegrate after buying what they thought was a
low-risk product from failed US investment bank Lehman Brothers. --
Amid calls for the ruined investors, many retirees, to show restraint
and calm, the city's two chief financial regulatory institutions are
pointing fingers at each other and have yet to come up with a solution
that includes any form of restitution. -- Calls are growing for the
government of Hong Kong, hailed as the world's freest economy, to
intervene in the incident and to strengthen its supervision on the
imports of "tainted" financial products from Wall Street into this
international financial center." --
That's
it!! Wall Street has infected everybody in the world with a case
of "Financial Herpes" (or
worse). - mpg
Lehman
sought millions for execs while seeking aid --
It's just to much, all you poor peons out
there. - mpg
Fed
Considers Plan to Buy Companies’ Unsecured Debt
Fed
up with Fed credit
The
End of American Hegemony
Investor
Jim Rogers predicts lost decade to USA
Ron
Paul: Bailout Unconstitutional, Special Interests Forced Bill Through
Congress
Thursday's
auction for Lehman's credit default swaps (CDS)
Neel
Kashkari; The $700 Billion Bailout Czar
Wall
Street Panic, Main Street Pain and Policy Choices
Worst-case
scenario is approaching rapidly
========== ========== ========== ========== ========== ==========
========== ====
Credit
doors are closing
A quote...."The market for commercial paper, which is high-quality,
short-term debt, shrank by a record $95 billion last week, to $1.6
trillion, according to the U.S. Federal Reserve. That's down from
nearly $2 trillion before the credit crunch."
Fed
to provide as much as $900B in loans to banks
That's on top of the $850
billion bailout (up from $700 billion) passed just three days
ago....think about it. - mpg -- WASHINGTON - The Federal Reserve
will provide as much as $900 billion in cash loans to squeezed banks in
an urgent effort Monday to break through a dangerous credit clog."
Full
of Doubts, U.S. Shoppers Cut Spending
A quote...."Recent figures from companies, and interviews across the
country, show that automobile sales are plummeting, airline traffic is
dropping, restaurant chains are struggling to fill tables, customers
are sparse in stores. -- When the final tally is in, consumer spending
for the quarter just ended will almost certainly shrink, the first
quarterly decline in nearly two decades."
No
rescue in sight for what ails economy
A quote...."WASHINGTON -- While Americans have spent the last month
transfixed by the spectacle of one financial giant after another
crashing to the ground, the rest of the U.S. economy has been sinking
in the muck. -- By now, the process is so far advanced that, even after
passage of the Bush administration's $700-billion financial rescue plan
Friday, the nation's economic options span the unappealing gamut from
bad to worse."
Pakistan
Facing Bankruptcy
A quote...."While Mr Musharraf's prime minister, Shaukat Aziz,
frequently likened Pakistan to a "Tiger economy", the former government
left an economy on the brink of ruin without any durable base. -- The
Pakistan rupee has lost more than 21 per cent of its value so far this
year and inflation now runs at 25 per cent. The rise in world prices
has driven up Pakistan's food and oil bill by a third since
2007." --
This is what happens
when you do "business" with the "west". It will happen
every single time. - mpg
========== ========== ========== ========== ========== ==========
========== ====
Taliban,
Afghan Officials Met in Saudi Arabia
A quote...."Taliban representatives met with Afghan government
officials last month in Saudi Arabia, a former high-level Taliban
ambassador said Monday, but he denied the meeting could be construed as
peace talks."
The
Wounded Shark: 'Good War' Lost, But the Imperial Project Goes On
A quote...."Don't tell Obama and McCain, but the war they are both
counting on to make their bones as commander-in-chief -- the "good war"
in Afghanistan, which both men have pledged to expand -- is already
lost. Their joint strategy of pouring more troops, tanks, missiles and
planes into the roaring fire -- not to mention their intention to
spread the war into Pakistan -- will only lead to disaster."
Germany not to
renew special forces' Afghan mission
A quote...."BERLIN, Oct 6 (Reuters) - Germany will no longer make
troops from its elite KSK special forces available to support U.S.-led
counterterrorism missions in Afghanistan, the Defence Ministry said on
Monday."
Central
American states vow to promote regional economy
A quote...."MANAGUA - Member states of the Central American Integration
System (SICA) Saturday agreed to launch a joint campaign to promote
regional economic development and seek possible alternatives to ease
the impact of the U.S. financial crisis, according to news from
Honduras's capital of Tegucigalpa."
Nigerian Conflict
a Warning for Big Oil in Iraq
A quote...."BAGHDAD (AP) — Recurrent violence in oil-rich parts of
Nigeria may provide a sobering lesson for oil companies hoping to work
in Iraq — a place that is much more dangerous despite the fact that
attacks are at their lowest level in more than four years. "
Russia-Belarus
joint anti-missile possible
A quote...."Russia and Belarus may strike a deal on creating a joint
anti-missile shield very soon. A source in the Russian government has
said the timeframe of the deal mainly depends on the Belarusian side."
The
US Neocon's New Proxy War in
Georgia - 1 article - Monday - [ Day 60 ] =====
==========
Russian
peacekeepers to leave Georgia in 72 hours
A quote...."October 7, 2008, 8:12 -- All Russian peacekeepers are set
to dismantle their checkpoints in the security zone around South
Ossetia before October 10. They will be replaced with EU monitors, who
are watching the Russian pullout."
End - The
US Neocon's New Proxy War in
Georgia - 1 article - Monday - [ Day 60 ] ===
==========
Exclusive
Interview With Former Diebold Contractor
Contains Video - A
quote...."VR has an exclusive interview with former Diebold contractor
Chris Hood that talks about many disturbing actions by Diebold during
prior elections, including illegal, uncertified and unreported patches,
and improper feeding of tabulation results by Diebold Chief Bob
Urosevitch. This interview was prepared for a major news program
special that was supposed to air two weeks before the 2006 midterm
election. At the last moment, however, the special was killed by the
corporate media. Check out this important ten minute interview."
Principles,
not money, power Guantanamo defense lawyers
A quote...."The 700-odd lawyers defending the suspected foreign
terrorists held by the United States at Guantanamo Bay say they share a
common mission -- to make amends for the US government's actions in its
"war on terror". -- Some go to work in pinstripe suits, others in crisp
military uniforms. Some get paid, others do it for free."
Juan Cole's McCain Round-Up
McCain
in 1992: Christianity and Oil Drive US Wars in Middle East
McCain
1991: Unwise for US to Invade Iraq
McCain
Funded Righwing Contra Death Squads
Keating:
"Certainly hoped" he Bought Influence with McCain
McCain
Campaign No. 1 at Self-Parody; McCain support for Mujahideen Papered
Over
Sunday October 5th 2008
Mangled
Economics in Democratic America
Must Read - Some
quotes...."To become a superpower once again, the U.S. needs either a
miracle or a war. (
and our elites
have ruled out any miracles for the forseeable future -- for more on
this issue see....Effective
Fed Funds Rate 03-24-07 - mpg)" -- "Indeed, what’s happening?
Having driven the country into the deepest debt hole, and having built
the largest financial pyramid in history, the Bush administration
realized that the only way to escape is to forget about freedom and
democracy. The White House invited America to do what it mercilessly
criticized, and why it often bombed and ruined other countries: To
introduce the dictatorship of financial authorities, to nationalize the
most important companies, to buy up all and everything, after pouring
into the economy 700 billion dollars."
How to Break the
Money Monopoly
Must Read - A
quote...."Once
again, the small group of financial organizations and the few thousand
people who constitute what we call Wall Street have brought the country
to the verge of ruin. It's been barely ten years since they visited the
dot-com boom and bust on the nation and twenty years since they took us
to the edge of ruin in the savings and loan scandals." --
As always, they accompanied their
financial schemes with a nice little war. - mpg
Massive
US military budget passed - Part 1
Last
days of the American Republic? - Part 2
Must View Videos - A
quote from Pt1...."Chalmers Johnson: US wrong to believe it can
maintain both a
military and civilian economy -- While debate over the Paulson bailout
package dominated the headlines, the US Congress quietly passed a
landmark $615 billion defense spending bill. One of the few people to
comment on the measure was Chalmers Johnson, in his article "
We
have the money."
Chalmers explains to Real News Network's Senior Editor Paul Jay how the
military-industrial complex is a driving force behind the current
financial crisis and a determinant of much of what happens in
Washington. He also criticizes the omission of the military-industrial
complex from the political discourse determined by the two major
parties and the media."
The
Culprits Condemn Themselves
Must Read - A
quote...."When I telephoned two Arab friends this week to congratulate
them on the Eid al-Fitr holiday marking the end of Ramadan, as soon as
we had gotten past the obligatory pleasantries the talk immediately
turned to the United States; the superpower’s crisis, the financial
meltdown, the implosion of their image as role model. Both my friends
gave me a wide spectrum of Arab opinion, and that’s why I think it’s
worth passing along what they told me in condensed form here."
Busted
American Dreams
A quote...."'You feel bad, you don't want to take their wedding rings
from them, that's their memories and everything," says Michael Bruce
from behind a row of thick steel bars. "But they need the money and
that's what we are here for." - Bruce holds out a black velvet jewelry
tray, each row holds a dozen wedding rings: big diamond, little
diamond, stylish or gaudy, he has dozens. "While they take the ring off
their finger, they get all choked up. It's just something you got to
deal with... That's just the way the economy is, it's trash."
========== ========== ========== ========== ========== ==========
========== ====
More
blowback from the war on terror
Must Read - A
quote...."Oct. 1, 2008 | IFO REFUGEE CAMP, Kenya -- Ishmael, a
37-year-old shepherd from the Ogaden region in Ethiopia, looked at me
with tears in his eyes. Ethiopian forces -- who had already killed his
mother, father, brothers and sisters -- murdered his wife days after
they were married. They then slaughtered his goats, beat him
unconscious, and slashed his shoulder to the bone, he said. -- In
December 2006, Ishmael crossed through Somalia into Kenya, heading for
the nearest refugee camp in search of medical care. But when he didn't
have enough money to pay a 1,000 shilling ($15) bribe, the Kenyan
police bundled him into a car and took him to Nairobi. Less than a
month later, he was herded onto an airplane with some 30 others, flown
to Somalia and handed over to the Ethiopian military -- the same forces
that he previously fled. -- Ishmael is a victim of a 2007 rendition
program in the Horn of Africa, involving Ethiopia, Kenya, Somalia and
the United States." --
Also
posted at CommonDreams
US
Raid Kills 11 Members of Mosul Family
A quote...."US forces conducted a dawn raid on a house in the northern
Iraqi city of Mosul in which they believed a “suspected insurgent” was
hiding. When the clash was over, 11 members of a single Iraqi family
were dead. -- The US wasn’t specific about the nature of the deaths,
citing only someone with a suicide vest. However, an Iraqi security
source said the US troops killed all 11. An Iraqi medic said the dead
were five men, three women, and three children. The US report said five
“terrorists,” three women, and three children. Surviving the raid were
a three year old child and a three month old infant. The child is in
Iraqi army custody, while Iraqi police are tending to the infant."
When
is a Holocaust Not a Holocaust?
A quote...."04/10/08 "ICH" - -- Although the "surge" has failed as
policy, it appears to be succeeding as propaganda. It seems to be the
only thing that supporters of the war have to point to, and so they
point, and they point, and they point. Allow me to point out that while
there has been a reduction in violence in Iraq -- now down to a level
that virtually any other society in the world would find horrible and
intolerable, including Iraqi society before the US invasion and
occupation -- we must keep in mind that thanks to this lovely little
war more than half the population of Iraq is either dead, crippled,
traumatized, confined in overflowing American and Iraqi prisons,
internally displaced, or in foreign exile."
Despite
Ruling, Detainee Cases Facing Delays
A quote...."When the Supreme Court ruled in June that detainees at
Guantánamo had the right to challenge their detention in federal
court, the justices said that after more than six years of legal
wrangling the prisoners should have their cases heard quickly because
“the costs of delay can no longer be borne by those who are held in
custody.” -- But nearly four months later, as the Bush administration
has opened a new defense of its detention policies in federal court,
none of the scores of cases brought by detainees have been resolved by
any judge." --
Also posted at
CommonDreams
========== ========== ========== ========== ========== ==========
========== ====
UAE
firms start pumping Kurdish gas over Iraq objections
A quote...."DUBAI (AFP) - United Arab Emirates-based firms Dana Gas
PJSC and Crescent Petroleum announced on Saturday that they had begun
producing gas under a deal with Iraq's autonomous Kurdish region over
Baghdad's objections."
After
Siege, Wall Sadr City’s New Oppression - ("Flash" is easiest)
Video - A quote from the
comments section...."If you listen carefully to the news you may hear
the odd glib comment about the concrete walls that have gone up around
Baghdad. But, to truly understand the devastation these walls cause to
the communities that are divided by them one must listen to the voices
of the ordinary Iraqis. Which is exactly what Alive in Baghdad does."
What
happened in Sadr City? - ("Flash" is easiest)
Video -
Some commentaries regarding what happened
during the fighting in Sadr City and it's aftermath. - mpg
Poland
finally ends Iraq mission
A quote...."900 Polish troops to leave Iraq by end of month after over
five years of unpopular presence."
West Bank and
Gaza, Fatah and Hamas Palestinians: divided we fall
A quote...."Two locations, two rival political powers. Solidarity
against Israel is gradually disintegrating as both regimes, and many
individuals living under them, begin to see the future only in terms of
their personal survival."
IAEA
calls for nuke-free ME
A quote...."The IAEA member states have called for a nuclear free
Middle East to send a strong message to Israel, the only nuclear
country in the region."
EU
powers mulling 'new international financial system'
A quote...."PARIS (AFP) – The leaders of Europe's four biggest economic
powers were to hold crisis talks on the global financial meltdown on
Saturday in Paris, despite disputes that killed off talk of a joint
bailout package."
Correa
Threatens to Expel Foreign Oil Companies Over Output
A quote...."Oct. 4 (Bloomberg) -- Ecuadorean President Rafael Correa
said he may expel foreign oil producers, including Spain's biggest
energy company, Repsol YPF, and Brazil's state-owned Petroleo
Brasileiro SA, because of declining production."
The
Problems of Latin America and the Caribbean --
Latin America
should reject ALBA. - mpg
A quote...."The ALBA is often described as an alternative to the
US-sponsored "Free Trade Area of the Americas," though the terms
are misleading. It should be understood to be an independent
development, not an alternative. And, furthermore, the so-called "free
trade agreements" have only a limited relation to free trade, or even
to trade in any serious sense of that term; and they are certainly not
agreements, at least if people are part of their countries. A more
accurate term would be "investor-rights arrangements," designed by
multinational corporations and banks and the powerful states that cater
to their interests, established mostly in secret, without public
participation or awareness. That is why the US executive
regularly calls for "fast-track authority" for these agreements -
essentially, Kremlin-style authority."
South
American nations move toward legislative amalgamation
And
they should embrace the economic aspects of UNASUR. - mpg -- A
quote...."Caracas - Experts of the Union of South American Nations
(UNASUR) took the firststeps to create a regional system in legal
issues, as part of the integration process that is currently in
progress."
[Russian]
Parliament siege remembered - (YouTube - 5 min 13 sec -
Added: October 03, 2008)
Video - A
quote...."Russia is marking 15 years since the constitutional crisis
which almost led to the civil war."
========== ========== ========== ========== ========== ==========
========== ====
The
US Neocon's New Proxy War in
Georgia - 3 articles - Sunday - [ Day 59 ] =====
==========
Russian
soldiers leave Georgia
A quote...."Russian peacekeepers are dismantling more of their
checkpoints on the Georgian side of the security zone on the
Georgian-South Ossetian border. Moscow has promised to complete the
withdrawal by the October 10 as part of the Sarkozy-Medvedev plan
agreed by all sides involved in the conflict."
Yulia
Tymoshenko on weapons supplies to Georgia
Video - A
quote...."Russian Prime Minister Vladimir Putin met with his Ukrainian
counterpart Yulia Tymoshenko to discuss economic cooperation
priorities. When asked about Ukrainian weapons supplies to Georgia
during the recent Georgian-Ossetian conflict, the Ukrainian Prime
Minister expressed hope that the fact of weapons supplies would not be
confirmed. (81 sec./3.02Mb, shows: 38)"
Kazakhstan
has no plans to review ties with Russia over Caucasus
A quote...."14:09 | 05/ 10/ 2008 -- ASTANA, October 5 (RIA Novosti) -
Kazakhstan does not intend to review its relations with Russia over the
recent conflict between Moscow and Tbilisi, Kazakh Foreign Minister
Marat Tazhin said on Sunday."
End - The
US Neocon's New Proxy War in
Georgia - 3 articles - Sunday - [ Day 59 ] =====
==========
The
Bush Doctrine & The 9/11 Commission Report: Both Authored by
Philip Zelikow
Special Note - A
quote...."04/10/08 "ICH " -- - Thanks to the interview of Sarah
Palin by Charles Gibson of ABC News on September 11, the “Bush
Doctrine” has become part of American political discourse much more
fully than it was before. Thanks to that interview and the commentary
that followed, Governor Palin and millions of other Americans learned
of the existence and meaning of this fateful doctrine---fateful
because, as New York Times reporter Philip Shenon has pointed out, it
was used to “justify a preemptive strike on Iraq.”1" --
For more on this issue see....9/11
- Commission
Army combat unit to deploy within U.S. -- More on Nothern Command's upcoming
deployment - mpg
A quote...."Use of
active-duty military as a domestic police force has been severely
limited since passage of the Posse Comitatus Act following the Civil War. 03 Oct 2008 The
United States military's Northern Command is dedicating a combat
infantry team to deal with catastrophes in the U.S., including
terrorist attacks and "natural" disasters. The 1st Brigade Combat Team
of the 3rd Infantry, which was first into Baghdad, Iraq, in 2003,
started its controversial assignment Wednesday. The First Raiders will
spend 2009 as the first active-duty military unit attached to the U.S.
Northern Command since it was created. The unit has been training
with equipment generally used in law enforcement, including beanbag
bullets, Tasers, spike strips and roadblocks. That kind of training
seems a bit out of line for the unit's designated role as Northern
Command's CCMRF (Sea Smurf), or CBRNE Consequence Management Response
Force. CBRNE stands for chemical, biological, radiological, nuclear and
high-yield explosive incidents." -- Paragraph
quoted from CLG
Guidelines
Expand FBI's Surveillance Powers
A quote...."The new road map allows investigators to recruit
informants, employ physical surveillance and conduct interviews in
which agents disguise their identities in an effort to assess national
security threats. FBI agents could pursue each of those steps
without any single fact indicating a person
has ties to a terrorist organization." --
So they're not going to even bother trying
to pretend anymore. - mpg
Pentagon
Iraq Propaganda Also Targets "US Audiences" --
More on the US DOD's propaganda program.
- mpg
A quote...."It's quite easy to identify administration stenographers in
the foreign press who create most of their reports around deliberate
propaganda items. In the UK Con Coughlin and Phil Sherwell at the Daily
Telegraph and Sarah Baxter at Murdoch's London Times are the most
common conduits for stories to be imported back into the US at one
deniable stage of removal from their agency source. In Israel, the
Jerusalem Post (another Murdoch paper) - and in particular deputy
managing editor Caroline Glick - does admirable service for the Fourth
Branch's preferred narratives. Murdoch's Australian outlets are just as
bad. Glick, Coughlin and the Time's Uzi Mahnaimi double up on their
stenography on behalf of Mossad too. Baxter and Sherwell for MI6." --
For more on this issue see....
Fake
Intel / Propaganda - DOD's Presstitutes
Ike: The
Silent Storm
A quote...."The Media was not allowed to film people being rescued from
rooftops in Texas. They were prohibited from flying over the small
towns and beaches isolated by flooding and decimated by the hurricane.
Local press raged about the conditions, then fell silent in a game of
play-nice hoping to be allowed at least limited access. Not once did
the national press report this suspension of the first amendment. The
sound of black hawk helicopters could be heard for miles. -- With cable
TV down, and electricity at a premium, the primary source of
information was local radio. Listeners tuned in hoping for updates and
relevant information which seemed to come irregularly between endless
chatter. If you had an antennae and power you might have been able to
tune into the local news."
All
that's missing are the uniforms!
A quote...."It's like being in a theater with a raging fire in the
basement, but practically everyone is so hypnotized (drugged?) by the
movie that by the time they realize the building is on fire, it's
already too late and they go up in smoke with the rugs. -- THAT'S
America. That is a nearly an exact description of the collective
mind set of most citizens."
Kosovo
Serbs earning their living in U.S. Army
A quote...."Although they still remember the American bombing of Serbia
almost ten years ago, Kosovo Serbs are joining the U.S. Amy and they’re
choosing to go to Iraq or Afghanistan to put food on the table back
home."
UK
Plans Live, Realtime Citizen Telecom Spying
A quote...."LONDON - The U.K. authorities are considering spending up
to 12 billion pounds ($21 billion) on a database to keep information on
Internet intercepts, e-mail and telephone records of everyone in
Britain, The Sunday Times reported."
========== ========== ========== ========== ========== ==========
========== ====
Saying
‘No Deal’ to This New Deal
A quote...." The marriage of American capitalism and democracy has
always been a Pamela Anderson and Tommy Lee affair—stormy and erratic
since its hasty wedding. But during the debate over a Wall Street
bailout this week, we watched that matrimonial knot unwind into a
tangled tale of terror. -- As a financial crisis became a political
panic, capitalism murdered democracy (ironically, while pursuing a
vaguely socialist bailout). Only, unlike a typical horror story, the
dead body wasn’t hidden, it was dumped in the nation’s public square."
--
Also posted at CommonDreams
Debt
bondage: A Christian Perspective on the Paulson Bank Bailout
A quote...."An unprecedented popular protest led Congress to reject the
Treasury’s initial bailout plan on Monday, September 29. Most
commentators have noted how ironic and seemingly out-of-character it
was that the bailout was defeated mainly by Republicans, and indeed by
the party’s right-wing Bible Belt Conservatives. But would it be too
much to hope that these Congressmen bore in mind the Christian ethic
embodied in Matthew 18 – almost literally a Biblical condemnation of
the bailout’s terms?"
Thanks
for the Inflationary Depression
Audio Commentary - A
quote...."Peter Schiff podcast on what's ahead. courtesy of the
government."
History:
And being doomed to repeat it, Depression II
Special Note - A
quote...."For some reason I see a lot of similar things in that crisis
and the one happening today. But it just may be me. -- For example: In
the 20's and 30's people bought things like cars, radios and other
luxury items on credit. The unstable market lead to job losses and
people began defaulting on those loans. Right now, people bought cars
and homes, lost jobs, and now are defaulting on those loans. In the
20's and 30's this meant that banks were less likely to make new loans,
same as today, which reduces consumer spending on everything causing
even more instability in the market."
Jim
Cramer – Mr. Potatohead
A quote...."If there was ever a financial show which should have the
words, "For entertainment uses only" that would be Mad Money with Jim
Cramer. It is no secret that Cramer’s stock picks have done worse than
the market averages. However, the other day, Cramer went off the deep
end with a 14-minute rant of hyper-Keynesianism, historical revisionism
of Herbert Hoover and blaming the Irish Potato famine of 1847 on
laissez-faire."
The
Problem Is Still Falling House Prices - The bailout bill doesn't get at
the root of the credit crunch.
Special Note - Financial Warning
- A quote...."The prospect of a downward spiral of house prices
depresses
the value of mortgage-backed securities and therefore the capital and
liquidity of financial institutions.
Experts
say that an additional 10% to 15% decline in house prices is needed to
get back to the prebubble level. That decline would double the
number of homes with negative equity, raising the total to 40% of all
homes with mortgages. The mortgages of five million homeowners would
then exceed the value of their homes by 30% or more, which could prompt
millions of defaults." -- bold by website editor
Paulson
To Hire 10 Firms To Hand Out Money -
Let the feast begin! -mpg
With
bailout passed, lobbyists look to get in the game --
Let the games begin also! - mpg
The Golden Parachute
Survives -
Ahhhh! After
the games and the final feast, let the golden retirements begin.
mpg
The
Political Class Crosses the Rubicon
The
Rebellion That Failed
It’s
Not as Though Anyone Saw It Coming
Lessons
from the Collapse of Wall Street
========== ========== ========== ========== ========== ==========
========== ====
After
House OKs bailout, credit markets tighten on fears the plan isn't
enough to help economy
Special Note - Financial Warning
- A quote...."On Friday, the London Interbank Offered Rate, or LIBOR,
for three-month dollar loans rose to 4.33 percent from 4.21 percent
Thursday. That bank-to-bank lending rate has been rising all week,
showing that banks are growing less and less willing to lend out their
cash for longer than overnight."
Mass.
may seek a US loan as credit markets dry up --
Does that make it the second state to do
so? - mpg
A quote...."State Treasurer Timothy P. Cahill this week approached the
US Treasury and the Federal Reserve Bank of Boston about lending
Massachusetts money under the same extraordinary terms the government
is giving banks and Wall Street firms during this financial crisis." --
See also....
California
gov says may seek US Treasury financing --
posted 10-03-08
A.I.G.
Uses $61 Billion of Fed Loan
A quote...."The American International Group said on Friday that it had
already drawn down $61 billion of the $85 billion emergency bridge loan
it received from the Federal Reserve two weeks ago, an announcement
that startled credit ratings agencies."
Report
shows Michigan economy in 8-year depression
A quote...."The report analyzed Michigan’s economic performance and
showed that Michigan’s job losses from July 2000 to July 2008
percentage-wise are worse than U.S. job losses suffered during first
eight years of the U.S. Great Depression from 1929-1937. It also showed
that Michigan has had worse gross domestic production (GDP) growth from
2000 to 2007 than did the United States during the Great Depression era
of 1929-1936."
Germans
agree on USD 68b bailout plan
A quote...."Berlin has expanded its bailout plan in a bid to rescue
troubled banks and guarantee the deposits in banks held by German
citizens."
Irish
“bail-out” rash rapidly extending to rest of Europe
A quote...."Germany offered a blanket bank deposit guarantee on Sunday
in a bid to contain the spreading credit crisis as European officials
clinched deals to rescue Germany's Hypo Real Estate and recapitalize
two other European banks."
The
party's over for Iceland, the island that tried to buy the world
A quote...."Iceland is on the brink of collapse. Inflation and interest
rates are raging upwards. The krona, Iceland's currency, is in freefall
and is rated just above those of Zimbabwe and Turkmenistan. One of the
country's three independent banks has been nationalised, another is
asking customers for money, and the discredited government and
officials from the central bank have been huddled behind closed doors
for three days with still no sign of a plan. International banks won't
send any more money and supplies of foreign currency are running out."