Tuesday October 21st 2008

Four More Years!
Must Read - A quote...."Sure, both Obama and McCain are running on a platform of changing Washington. They both distance themselves from the last eight years of governance. -- But what exactly is the Bush legacy? It is the continuation of the Clinton legacy, but with even greater reliance on power and more disdain for freedom. It is huge and expanding government. It comprises a growing, bellicose warfare state; a spying, lying police state; and handouts for Wall Street, for homeowners, for farmers, for the elderly and for so many others in between. -- And both candidates promise more yet."

F is for Failure The Bush Doctrine in Ruins
A quote...."On the brief occasions when the President now appears in the Rose Garden to "comfort" or "reassure" a shock-and-awed nation, you can almost hear those legions of ducks quacking lamely in the background. Once upon a time, George W. Bush, along with his top officials and advisors, hoped to preside over a global Pax Americana and a domestic Pax Republicana -- a legacy for the generations. More recently, their highest hope seems to have been to slip out of town in January before the you-know-what hits the fan. No such luck."

George W. Bush Called to Order
A quote...."Everyone was aware that their conversation would be extremely difficult. After all, they’ve come to ask Bush to agree to consultations on an unprecedentedly-high level, which would most likely result in the destruction of the global economic governance model which has been used over the past sixty years. And it is no secret that it was because of this model that the U.S. had become the most powerful economy in the world. -- The persuasion lasted three hours. After that, self-content Barroso and Sarkozy came out with the clearly befuddled Bush to face the press. Based on everything they said, it was clear that the White House had raised the white flag. The only thing which the President of the U.S. was able to insist was to hold the first summit on American soil. Apparently, Washington expects that the home advantage will make it easier for them to defend their interests during the development of the new model for the global economy. And maybe after some time, Americans will be able to once again declare on the Discovery Channel that they are ahead of the whole world--this time, claiming that they were the first to understand that the changes were necessary, and that they “graciously" provided their services to gather all of the leaders."

The War Party Embraces Obama - Just remember: you've been warned…
A quote...."So at a time when the U.S.-supported government is moving rapidly toward a Taliban-type theocracy – even as that government moves toward some type of accommodation with the radical Islamic former rulers of the country – Obama is telling us we must pour more troops, more money, and more of our hopes into the Afghan front, which has supposedly been "neglected" by the Bushies. -- No wonder he's been endorsed by none other than Ken "Cakewalk" Adelman, and given support (albeit indirectly) by any number of neocons, such as Charles Krauthammer – who, after pummeling Obama for weeks, has suddenly discovered the Democratic candidate is possessed of a "first-class intellect and a first-class temperament," which "will likely be enough to make him president."

Democracy’s decline in North America: Canadian elections a warning to Americans - posted at the Online Journal
A quote...."Could it be that no politicians are addressing the burning issues? That voters realise there is no difference between the two ruling parties? The US political system was aptly described by Carroll Quigley, Bill Clinton’s politics professor, as follows: “The two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy.” This is easily applied to the Canadian situation."
   
President Bush Asserts Right to Control Iraqi Oil - Yeah right, we did it to give them "freedom and democracy"
A quote...."Washington, DC… President George W. Bush this week rejected a Congressional effort to bar the U. S. military from controlling Iraq’s oil resources. -- Before signing a bill authorizing military funding earlier this week, the president issued a “signing statement”, saying that he would not be bound by a provision in the bill prohibiting expenditure of funds “to exercise United States control of the oil resources of Iraq.” - bold by website editor -- A thug by any other name would be just as brazen. - mpg -- For more on this issue see....War Resource 9/11

Why Listen to Colin Powell, or Brokaw?
A quote...."Retired Gen. Colin Powell made what sounded like a heartfelt endorsement of Barack Obama – hailing the Democrat’s presidential qualities and criticizing the nasty tone of John McCain’s campaign. But why should anyone care what George W. Bush’s first Secretary of State thinks?"

The Idiots Who Rule America
A quote...."Our oligarchic class is incompetent at governing, managing the economy, coping with natural disasters, educating our young, handling foreign affairs, providing basic services like health care and safeguarding individual rights. That it is still in power, and will remain in power after this election, is a testament to our inability to separate illusion from reality. We still believe in “the experts.” They still believe in themselves. They are clustered like flies swarming around John McCain and Barack Obama. It is only when these elites are exposed as incompetent parasites and dethroned that we will have any hope of restoring social, economic and political order." -- Also posted at CommonDreams & ICH

Colin Powell Warns Of Coming Crisis "We Don't Even Know About Right Now"
False Flag Warning - Gulf of Tonkin Redux Warning -- A quote...."Colin Powell has made bizarre comments that echo the recent declaration by Democratic VP candidate Joe Biden that there will be an "international crisis" early into Barack Obama's presidency that will test the new president by forcing him to make unpopular decisions."

Concerns about deployment of military on U.S. soil growing — while mainstream media buries its head in the sand.
A quote...."The following is the spin of military spokespeople in response to questions about the deployment of the First Brigade on US soil for the first time in over 200 years. - The Army Times initially reported that the First Brigade would handle domestic crowd control and subduing ‘unruly individuals’ and that they had ‘lethal and nonlethal technologies’ to do so. Then it issued a correction....."

ACLU demands info on domestic military deployments
A quote...."Following reports that US troops will be permanently on call to work inside the United States handling "civil unrest," "crowd control" and other functions traditionally carried out by civilian law enforcement agencies, activists are demanding to know why the Pentagon is reversing a longstanding prohibition on domestic deployment of the military."

Obama Assembles U.S.'s `Largest Law Firm' for Voting (Update1)
A quote...."Oct. 20 (Bloomberg) --  Democrats accused Republicans of trying to improperly disqualify voters. - In Florida, [alone!!] Democratic lawyer Charles H. Lichtman has assembled almost 5,000 lawyers to monitor precincts, assist voters turned away at the polls and litigate any disputes that can't be resolved out of court." -- For some odd reason there currently seems to be a lack of trust in America's election process. - mpg

U.S. Drops Charges Against 5 Gitmo Prisoners
Full quote...."SAN JUAN, Puerto Rico – The U.S. military says it is dropping war-crimes charges against five Guantanamo Bay detainees. - A military spokesman says the government can renew the charges later. [What?] The chief prosecutor — Army Col. Lawrence Morris — will review material, coordinate with intelligence agencies and recommend appropriate action in each case. - Spokesman Joseph DellaVedova said Tuesday the charges were dropped against Noor Uthman Muhammed, Binyam Mohamed, Sufyiam Barhoumi, Ghassan Abdullah al Sharbi and Jabran Said Bin al Qahtani. - The move comes after a prosecutor for another detainee resigned, alleging the military was suppressing evidence favorable to the defense." -- For more on this issue see....The Convenient Silence of Guantanamo Bay - 05-31-08 - mpg

WeAreChangeLA 'debriefs' former CIA Case Officer Robert Baer about apparent Mossad and White House 9/11 foreknowledge, and more -- A quote...."Before Mid-January 2002: Top CIA Official Reportedly Describes 9/11 as Triumph" -- According to former CIA officer Robert Baer, a high-ranking CIA official tells a reporter off-the-record that, "when the dust finally clears, Americans will see that September 11 was a triumph for the intelligence community, not a failure." It is unclear why the CIA officer thinks this and the reporter who tells Baer this story is not named. However, Baer comments that if that is what the CIA thinks, "Im scared to death of what lies ahead."
========== ========== ========== ========== ========== ========== ========== ====

Iraqi ministers reject SOFA draft
A quote...."Iraqi ministers have not endorsed the latest draft of a controversial security agreement between the United States and the country."

Why the U.S. Plan Failed in Afghanistan and Iraq
A quote...."After five years of occupation, Iraq got nothing but more damages and destruction of its infrastructure, a fact that has led the Iraqi citizen to lose faith in the promises Bush made to him."

Danish soldiers retreat from Taleban stronghold
A quote...."The lack of Afghan soldiers forces Danish troops to pull back from Taleban areas The commander of the Danish forces in Afghanistan, Colonel Keld R. J. Rasmussen, said the soldiers have been forced to retreat from large parts of the.Helmand province."

Confirmation
Special Note - A quote...."Where did al Qaeda in Iraq go wrong? In a paper prepared for the recent annual meeting of the American Political Science Association, the Australian political scientist Andrew Phillips argues persuasively that, by their nature, al Qaeda affiliates tend to alienate their hosts…." -- For more on this issue see....The Kingdom of Leprosy - 10-07-08 - mpg & Al Qaeda - Always There for the US Elites - 03-09-08 - mpg
    
Iran Urges End to Occupation of Afghanistan
A quote...."Speaking to reporters in a press conference, Iranian Foreign Ministry Spokesman Hassan Qashqavi also urged the big powers not to intervene in the Afghan domestic affairs. - On Afghan future elections, he underscored the need for respecting the Afghan public opinion and called for holding a free election."

Iran's Air Force Completes 5-Day War Games
A quote...."TEHRAN (FNA)- The Iranian Air Force completed on Monday a five-day series of large-scale exercises in the northwest of the country."

A special relationship
A quote...."The lobbying influence of the Zionist regime seems to dominate the United States’ Middle East policy. Pat Buchanan once described the U.S. Capitol as “Israeli-occupied territory”, which can be surmised from the following quote by Senator Mitch McConnell: “Lawmakers depend on AIPAC for good, honest information and that’s exactly what we’ve gotten.” And in return for that “good, honest information”, Israel has gotten a 10-year, $30 billion security agreement, with $2.55 billion in aid for fiscal year 2009. "

On Gaza's Suffocating Siege   - posted at the Palistine Chronicle
A quote...."The movement of people and goods from and to the strip is paralyzed, and all commercial transactions have been stopped in a manner that contradicts all agreements, intents, commitments and accords the occupation took upon itself with international organizations to facilitate the movement of goods and people within and outside Palestinian territories. They made three agreements on the matter, the last of which was reached in November 2005, relative to movement and transit. Yet, the occupation proceeded with its antagonistic and criminal policy that resulted in shredding the lives of Palestinian Arabs in the West Bank and the Strip."

Ukraine goes from orange to red
A quote...."MONTREAL - The International Monetary Fund is preparing a US$14 billion standby facility for Ukraine as the stock market crumbles, the value of its currency tumbles and a bank requires rescuing. All that hasn't put an end to political infighting, although IMF terms may include halting elections that would further drain limited resources."

Iran, Qatar, Russia discuss gas-OPEC
A quote...."The Iranian Oil Minister says Iran, Qatar and Russia will seriously pursue the formation of a gas-exporting group similar to OPEC. "

Gas exporters agree deal for OPEC-style alliance
A quote...."Russia, Iran and Qatar have agreed to form a powerful OPEC-style group for exporting gas. The consortium would control over 60% of the global natural gas reserves - and spark fears in the West that it could lead to higher prices."

Chinese Premier to visit Russia, Kazakhstan
A quote...."BEIJING, Oct. 21 (Xinhua) -- Chinese Premier Wen Jiabao will pay official visits to Russia and Kazakhstan from Oct. 27 to 31, and attend relevant meetings, announced Foreign Ministry spokesman Qin Gang Tuesday."

China to help build 2 Pakistan nuclear plants
A quote...."ISLAMABAD, Pakistan -- ISLAMABAD, Pakistan - Pakistan said China will help build two more nuclear power plants in the energy-starved Muslim nation, tightening its bonds with Beijing as rising militant violence strains its anti-terror alliance with the United States." -- Also posted at BLN

US mistakes have damaged Russian economy – Medvedev
A quote...."Russia is being made to pay for the financial blunders made by the US as it fights the effects of the global financial crisis, according to Dmitry Medvedev. The Russian President was speaking at the opening of the Square of Russia in the Armenian capital, Yerevan."

U.S. Increased Tension in Europe
A quote...."The President of Belarus Aleksandr Lukashenko said that the United States “increased the degree of tension” in Europe when it decided to deploy elements of missile defense in Poland and the Czech Republic. He made this statement at a meeting of the Security Council of the Republic. The Head of State is certain, “The balance of power in Europe is disturbed, and it’s through no fault of our own.” -- He stressed that the main factor of instability in Europe is the U.S., which withdrew from the ABM Treaty. Interfax quotes the Belarusian President as saying, “Our neighbor Russia considers these actions unfounded, and regards them as a direct threat to its security.”
========== ========== ========== ========== ========== ========== ========== ====

Absent at the Creation Wealth's Apostles
Special Note - A quote...."Germany’s Peer Steinbruck looked ill. A long-time SPD man, now in charge of his country’s checkbook in this grand alliance of hard right and right, Steinbruck came to Washington having made the strongest statement on the crisis. “The world will never be as it was before the crisis. The United States will lose its superpower status in the world financial system.” The system would, he argued, “become more multi-polar.” These are fierce words, and it is doubtful that Steinbruck earned any smiles from Paulson or his team. World Bank president Robert Zoellick, the stooge of James Baker who took an active role in stealing the 2000 election for Bush, was seen in his company. Zoellick’s smile is like a cattle-prod, a warning to get in line. Any other dissent could not be brooked. IMF Chief, the Frenchman Dominique Strauss-Kahn said of the crisis that it is “the result of regulatory failure to guard against excessive risk-taking in the financial system, especially in the U. S.” (September 22). A few days after the October meeting, Strauss-Kahn faced charges that he had, what the Japanese call, a “lower half problem.” The IMF began investigations into an affair Strauss-Kahn had with a senior official of the IMF’s Africa division, Piroska Nagy. The dirty tricks squad released its file on him."

Why Wont The Bail Out Work? MUST SEE! - (YouTube - 6 min 52 sec - Added:  October 01, 2008)
Video - A quote...."Voters are rightly furious at the proposal to spend $700,000,000,000 that the government doesn't have to bail out Wall Street bankers who created the current economic crisis in the first place. But why then aren't we concerned about the trillions of dollars the Federal Reserve is pumping into the system? Or the trillions missing from the Pentagon? Or the quadrillion dollar derivatives bubble." -- For more on this issue see....$1.3 Quadrillion and Counting - 09-18-08 - mpg

This Is How The Bail Out Will Screw You - (YouTube - 5 min 7 sec - Added:  September 22, 2008)
Missed this one -- Video - Regarding the "millions" of dollars in executive compensation see....
Wall Street banks in $70 billion staff payout - posted 101708
[British] Bankers' £16 billion bonus bonanza - posted 101708
WaMu CEO could get $13.65 million for 18 days work - posted 10-02-08
Fury at $2.5 billion Lehman bonus - posted 09-21-08
Lehman sought millions for execs while seeking aid - posted 10-06-08
If you havn't figured it out yet folks, the jokes on you. - mpg

Feeling Robbed? Wall Street Since the Bailout Shows No Signs of Changing and Washington is Not Forcing a Change
A quote...."So far the U.S. taxpayer has given Wall Street, Fannie Mae/Freddie Mac and the big banks $1.2 trillion.  Did anyone hear a thank you? How about an apology for their risky gambling with the world’s economy? --  What we have seen has been disconcerting.  Big Finance seems is still living high on the hog, spending freely on parties and bonuses while the world’s poor go deeper into poverty and Americans worry about their jobs, retirement, health care and making ends meet."

The Government Has Given Banks YOUR MONEY, and You Won't Get Anything For It
A quote...."The government has given banks handfuls of YOUR MONEY and you won't get anything for it."

Are Our Governments Making Matters Worse? More Signs of a Coming Depression
A quote...."PARIS, FRANCE, OCTOBER 19:  The word CRISE is plastered all over every magazine, newspaper and newsstand in Paris. It is big news and the French public seems to think that its government acted swiftly to stem it. Le Figaro reports a 60 percent approval rate for President Nicolas Sarkozy’s strategy of promptly injecting money into banks to make the “crise financiere” go away."

Islamic banking escapes fallout
A quote...."In the current financial turmoil, it is interesting to note that Islamic financing may have prevented a majority of the mess created by the conventional banking and financial institutions,' Kuwait Finance House said in a report."
========== ========== ========== ========== ========== ========== ========== ====

ISDA® INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.  NEWS RELEASE
Breaking -- Financial Warning -- A quote...."For Immediate Release, -- NEW YORK, Tuesday, October 21, 2008 – Robert Pickel, Chief Executive Officer of the International Swaps and Derivatives Association, Inc. (ISDA) today commented on the cash settlement of CDS trades on Lehman Brothers and on certain misperceptions in relation to the CDS industry. --  The cash settlement deadline for Lehman is today, October 21. Based on industry estimates, a total of $6bn to $8bn is expected to have changed hands by close of business.  This is approximately 1% to 2% of the $400 billion in CDS trades referencing Lehman and does not account for the effects of collateral, which will further reduce the payment amounts." -- bold by website editor

Majority of States Now in Recession - link posted at BuzzFlash
A quote...."In March, 5 States Were in Recession; Now There are 27 With 14 More at Risk -- What started out as a housing problem in a few states has now exploded into a full-fledged recession with a majority of states now in or dangerously close to recession."

Fed would grant up to $540B to money market funds -- What the @#$%^&* is the Fed DOING?? - mpg
A quote...."WASHINGTON – The Federal Reserve announced Tuesday that it will provide up to $540 billion in financing to bolster the money market mutual fund industry, its latest effort to get credit flowing more freely again. - The Fed's new program, called the Money Market Investor Funding Facility, will be used to support a private-sector initiative designed to provide liquidity, or cash, to money market investors." - bold by website editor. -- Just how many programs do they have?  Anybody keeping count? - mpg

Iceland's Economic Meltdown Is a Big Flashing Warning Sign
A quote...."Iceland is now essentially bankrupt after the government took over its three major banks to prevent them from failing. It owes more than $60 billion overseas, about six times the value of its annual economic output. As a professor at London School of Economics said, "No Western country in peacetime has crashed so quickly and so badly." -- bold by website editor -- Just keep in mind the derivatives market is aprox. $1.3 quadrillion. - mpg

France: €360 billion to bail out the banks
A quote...."With minimal debate, the French National Assembly endorsed the government’s €360 billion rescue plan for the banks, a massive transfer of public funds to the financial elite, by a majority of 224 to 23. It is part of a coordinated €2.7 trillion action by the governments of the euro zone (15 countries whose currency is the euro) and Britain."
Monday October 20th 2008

Non, Je Ne Regrette Rien: Obama's New Advisor Stands By His War Crimes
Must Read - A quote...."Just to be clear, Barack Obama's brand-new foreign policy advisor, Colin Powell, wants you to know that he continues to support the decision to launch a war of aggression against Iraq in March 2003 -- an act that, according to principles established by the United States and its allies at Nuremberg in 1945, is a war crime punishable by death. -- In fact, the only thing that Powell -- the wise and steady statesman, the "grown-up," the "moderate" -- can find to criticize in the conduct of the war he helped launch is the fact that it wasn't savage enough to begin with. We should have "surged" those sand monkeys from the git-go, he told CNN...."

Is America Fascist?
Must Read - A quote...."October 20, 2008 "Information Clearinghouse" If it hasn’t gone the way of Mussolini’s Italy and Hitler’s Germany, it’s sure teetering on the brink. America is a nation in deepening crisis, a nation whose leaders repeatedly plunge their citizens into, and make them pay for, serial wars abroad, while stealing their liberties at home. USA has become a country that trashes its citizens(New Orleans), tortures its enemies(Abu Ghraib), threatens other nations with nuclear fire(Iran), flouts international treaties(UN Charter re Iraq), and spies on(FISA), and intimidates, its critics(No Fly). Americans that can clearly see the totalitarian machinations of Vladimir Putin in Russia and Hu Jintao in China are blind to the fascism threatening to envelop them as well."
========== ========== ========== ========== ========== ========== ========== ====

Saudis resurrect a rival for Hezbollah - a.k.a. "The Redirection Deux"
Special Note - Future Terrorism Warning - A quote...."DAMASCUS - Word is coming out of south Lebanon that Saudi money under United States urging is being pumped into the Shi'ite community - in vain - to create a bloc among Lebanese Shi'ites against Hezbollah leader Hassan Nasrallah." -- bold/undrline by website editor.  Another up and coming future al Qaeda wannabe, courtesy the usual suspects....never ending Saudi Royal and US (N.R.E.) support and financing. - mpg -- For more on this issue see....US Support of Terror

"Bush Guilty Of First Deg Murder" - (YouTube - 7 min 14 sec - Added:  July 25, 2008)
Video - A quote...."Former L.A. County Prosecutor, Vincent Bugliosi and author of "The Prosecution of George W. Bush For Murder", which details prosecutable evidence of murder by George Bush and Dick Cheney and others."

On the Terms of the Powerful - Translating Propaganda and Thinking the Unthinkable
A quote...." Propaganda in the US rests mostly in what is not said, but rather assumed. Such a system of indoctrination is extremely powerful as it serves the purpose of making certain thoughts not so much undesirable, but  unthinkable, strikingly reminiscent of Orwell's depiction of totalitarian control and manipulation of the English language in his novel, 1984. -- The language of US propaganda is indeed a foreign tongue to anyone who takes seriously the factual historical record, the nature of powerful institutions, and fundamental human decency with respect for human rights."

Judith Miller Lands at Fox News
She finally got a job where she actually belongs. - mpg -- For more on Judy see....Fake Intel / Propaganda - Judy Miller -- A quote...."Former New York Times reporter Judith Miller, whose misleading stories about alleged Iraqi weapons of mass destruction helped make the Bush administration's case for war, has joined Fox News as a contributor, where she will provide "commentary and analysis on national security issues, counterterrorism, and international affairs."

Another Million Iraqi demonstrators: Get out of our country
A quote...."Baghdad witnessed another demonstration with more than one million Iraqi, Arabs and Kurds and others, Muslims and Christians and others, Sunnis and Shiites and others demonstrated together against the occupation and the long term agreement, asking for a complete withdrawal the leaves no permanent bases, no troops, and no mercenaries."

US Presses Iraq on SOFA as Support Dries Up
A quote...."In a speech in Baghdad, US Ambassador Ryan Crocker defended the latest draft of the Status of Forces Agreement (SOFA) as “an important agreement that fully restores Iraq’s sovereignty.” But massive public opposition to the agreement has scared away political support from even much of Iraq’s ruling coalition (who negotiated it in the first place). They are now seeking further amendments to the deal."

US/IRAQ:  "We Have to Share This Pain"
A quote...."PORTLAND, Oregon, Oct 20 (IPS) - Veterans from the U.S. occupation of Iraq and Afghanistan, along with Iraqis, Afghanis, Vietnam veterans, and family members of U.S. military personnel converged in this west coast city over the weekend to share stories of atrocities being committed daily in Iraq, in a continuation of the "Winter Soldier" hearings held in Silver Spring, Maryland in March."

Pakistan muzzles its guns
A quote...."KARACHI - Cash-strapped Pakistan, after the failure of operations against militants in Bajaur Agency and the Swat Valley, has had to call off an offensive in the North Waziristan tribal area, and instead negotiate ceasefire deals."

Afghanistan: Italian foreign minister rejects call for extra troops
A quote...."Islamabad, 20 Oct. (AKI) - On a visit to Pakistan, Italian Foreign Minister,Franco Frattini, announced no extra troops would be sent to war-torn Afghanistan."I do not think sending more troops is the right solution today," Frattini told the media on Monday, while en route to Pakistan. Frattini arrived in the country's capital, Islamabad, for talks on bilateral ties and regional issues with his counterpart, Makhdoom Qureshi. "

Video of latest Israeli navy attack on Gazan fishermen
Video - A quote...."October 19, 2008 -- At approximately 12:30, a Palestinian fishing vessel from the port in Gaza City, was trawling 6km off the coast of Deir Al Balah. An Israeli Dvora class gunboat (no. 831) approached the fishing boat, began circling it and opened fire. The incident lasted several minutes and was witnessed and documented by a human rights observer with the International Solidarity Movement - who was present on the Palestinian boat. A short video of the incident is posted here."

ElBaradei: Iran is nowhere near nukes
A quote...."UN nuclear watchdog chief Mohamed ElBaradei disputes Western claims about Iran, saying the country is far from developing nuclear weapons."

Iran calls for strategic partnership with Russia
A quote...."TEHRAN: Supreme National Security Council Secretary Saeed Jalili has called for a “balanced strategic partnership” between Tehran and Moscow. -- Such a strategic partnership would be a “two-way street”, but to realize this requires “firm determination” by the two sides, Jalili told the visiting Russian Deputy Foreign Minister Sergey Ryabkov and his delegation here on Saturday. Jalili said that the “two great countries of Iran and Russia” have the potential to achieve this goal."

Venezuela plans new Caribbean naval base
A quote...."President Hugo Chavez says a big naval base will be built on Venezuela's largest island. - Chavez says Margarita Island's strategic location off Venezuela's coast in the Caribbean Sea makes it perfect for "a naval base of large proportions." - Margarita covers an area of 1,020 square kilometers (394 square miles). It is a popular tourist destination and is home to about 450,000 Venezuelans."

Venezuelan president meets with Russian FSB director
A quote...."CARACAS, Oct. 17 (Xinhua) -- Venezuelan President Hugo Chavez on Friday met with Director of Russian Federal Service of Security(FSB) Nikolai Patrushev at the Miraflores Palace to discuss the visit of Russian President Dmitri Medvedev to Venezuela and both navies' maneuver scheduled for Nov. 10-14 in the Caribbean Sea. "

UNASUR decides to establish South American Parliament in Bolivia
A quote...."LIMA, Oct. 17 (Xinhua) -- The Union of South American Nations (UNASUR) decided at a meeting on Friday to set up a South American Parliament in Bolivia to promote the bloc's integration."

Orange Revolution implodes to leave a nation in despair
A quote...."Their leaders are at war, their country is verging on bankruptcy and the Russians are growling on their doorstep. Ukrainians have been plunged into disillusion and despair by the lethal combination as they witness the death throes of the Orange Revolution that brought President Viktor Yushchenko and Prime Minister Julia Tymoshenko to power."

Ukraine postpones ‘apocalyptic’ election
A quote...."The President of Ukraine, Viktor Yushchenko, has signed a decree to postpone a snap parliamentary election in the country by seven days, moving them back to December 14. It follows Prime Minister Yulia Timoshenko's insistence that going to the polls early would be fatal for the economy."

Indonesia navy chief to discuss military ties in Moscow
A quote...."JAKARTA, October 21 (RIA Novosti) - Indonesia's navy chief of staff will start an official visit to Russia on Wednesday to discuss bilateral military-technical cooperation."

Russia Not Backing Down From Missile Plans In Syria
A quote...."Jerusalem - Contrary assurances received during Prime Minister Ehud Olmert's recent visit to Moscow, Russia has not backed away from its plans to station S-300 anti-aircraft missiles on Syrian soil."

Boeing to Supply Security Systems for Minuteman III Launch Facilities
A quote...."OGDEN, Utah.- The Boeing Company [NYSE: BA] announced today that it will manufacture and deliver control system hardware and modification kits to improve security at more than 450 Minuteman III facilities as part of the U.S. Air Force Intercontinental Ballistic Missile Security Modernization Program."

India joins Asia space race in first moon mission
A quote...."NEW DELHI - India will launch its first unmanned moon mission on Wednesday, following in the footsteps of rivals China and Japan, as it tries to show off its scientific know-how and claim a bigger chunk of the global space business. -- Chandrayaan-1 (Moon vehicle), a cuboid spacecraft built by the Indian Space Research Organisation (ISRO) will blast off from a southern Indian space centre in the early hours and enter the moon's orbit after 16 hours of flight, scientists say."
========== ========== ========== ========== ========== ========== ========== ====

Hate You Can Believe In: ACORN Deluged with Threatening and Racist Voicemails and Emails
A quote...."It’s bad enough that the employees of ACORN have had to endure days of baseless and outlandish attacks by John McCain and the RNC. But after McCain outrageously claimed before a national audience on Wednesday night that ACORN was “maybe perpetrating one of the greatest frauds in voter history in this country, maybe destroying the fabric of democracy,” the group came under attack, literally. In the following days, ACORN’s Boston and Seattle offices were vandalized and at least one employee received a death threat."

Could The US Election Be Stolen?
A quote...."TOLEDO, Ohio - With John McCain and Barack Obama already swapping accusations of widespread voter fraud, experts warn that a bitter and protracted fight could ensue if the race to the White House is decided by a narrow margin. -- The legal battle over election rules has already made it all the way to the Supreme Court as Republicans fight to block potentially false registrations from being validated and Democrats struggle to prevent voter disenfranchisement."

GOP admits plan to use foreclosure list to challenge voters
A quote...."In a startling concession, the Republican Party has admitted to participating in an illegal scheme to use foreclosure lists to challenge predominantly Democratic voters in Michigan on Election Day."

GOP terrified of American voters
A quote...."John McCain’s statement in the debate that ACORN and the liberals are “on the verge of maybe perpetrating one of the greatest frauds in voter history … maybe destroying the fabric of democracy” is probably the most overwrought, ridiculous statement by a major-party nominee in living memory." -- Also posted at CommonDreams

NSA Spying and the Shredding of the Constitution
Special Note - A quote...."The American Civil Liberties Union (ACLU) filed new Freedom of Information Act (FOIA) requests demanding that the U.S. Department of Justice (DoJ) and the National Security Agency (NSA) disclose "any policies and procedures" that protect Americans' privacy rights when the ultra-spooky agency "collects, stores and disseminates private U.S. communications."

Oops! McCain asks Russia’s U.N. envoy for money - This is sort'a funny. - mpg
Some quotes...."In the letter, McCain urged Russia’s U.N. Ambassador Vitaly Churkin to contribute anywhere from $35 to $5,000 to help ensure McCain’s victory over Democratic rival Sen. Barack Obama, currently ahead in voter preference polls." -- "Moscow’s mission to the United Nations issued a terse statement on the Republican presidential candidate’s letter, saying that the Russian government and its officials “do not finance political activity in foreign countries.”
========== ========== ========== ========== ========== ========== ========== ====

Paulson panics as UK, Germany find own solution - posted at Online Journal
A quote...."America’s de facto finance czar, US Treasury Secretary Henry Paulson, has reached for the panic button and made a dramatic 180-degree reversal of his financial bailout plan passed only days before."

Licensed Kleptocracy for Years to Come - The ABCs of Paulson's Bailout
A quote...."Treasury Secretary  Paulson’s bailout speech on Monday, October 13, poses some fundamental economic questions: What is the impact on the economy at large of this autumn’s unprecedented creation and giveaway of financial wealth to the wealthiest layer of the population? How long can the Treasury’s bailout of Wall Street (but not the rest of the economy!) sustain a debt overhead that is growing exponentially? Is there any limit to the amount of U.S. Treasury debt that the government can create and turn over to its major political campaign contributors?"

Up in smoke: The abridged history of US investment banking - posted at Online Journal
A quote...."It worked. The credit markets have begun to thaw. Overnight LIBOR (London Interbank Offered Rate) dropped 27 basis points to 1.67 percent, the lowest level since September 2004. Three month LIBOR shed 40 basis points last week to 4.42 percent. The LIBOR-OIS spread and TED spread are edging downward, too." -- Perhaps, but than again perhaps not, this website editor thinks the damage was too great.  Keep in mind we still have two more years to go. - mpg

Bubbles Are Bursting Worldwide
A quote...."Remember that a housing bubble has burst not only in the U.S., but in France, Spain, Ireland and the United Kingdom, Eastern Europe, and many other regions. China is slowing down as well."

The Problem Was Never Liquidity, But Insolvency ... And We Should Let Insolvent Banks Fail
Special Note - A quote...."The problem was never really liquidity. Says who? Says Anna Schwartz, co-author of the leading book on the Great Depression, and someone who actually lived through it."

Fed backs new stimulus plan
A quote...."WASHINGTON (AFP) – The head of the Federal Reserve Ben Bernanke backed a stimulus plan for the flagging US economy on Monday as stock markets worldwide bounced back from recent lows."

US faces worst recession in 26 years
A quote...."The US economy appears to be plunging into what many experts believe will be its worst recession since 1982." -- It will obviously be worse than the 1982 recession. - mpg

The European Financial Solution vs. the US Bailout
A quote...."There is a distinct difference between the US government response to the current economic crises and the European.  European nations have a long history of experience with nationalized companies.  Europeans have a significantly longer experience with trading and commodity markets, including currencies.  Also, European nations still maintain strong checks and balances in their political, legislative and judicial systems. "

22 states facing budget gaps More job cuts, service losses likely
A quote...."The moribund economy is drying up tax revenues more dramatically than expected, forcing 22 states to confront growing budget gaps. Some states already have eliminated jobs and services - and more cuts are likely."

Sunday October 19th 2008

No posts. - mpg

Saturday October 18th 2008

America Loses Its Dominant Economic Role
Absolute Must Read - This article sums it ALL up quite nicely - it's one of those "please post and pass it on" type of deals. It should be on every website so everyone can read it. - mpg -- A quote...."The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. Still, this is no time to gloat. -- There are days when all it takes is a single speech to illustrate the decline of a world power. A face can speak volumes, as can the speaker's tone of voice, the speech itself or the audience's reaction. Kings and queens have clung to the past before and humiliated themselves in public, but this time it was merely a United States president. -- Or what is left of him." -- If only it would lead to a graceful end of the New Roman Empire and the restoration of the United States of America.  But it won't, the wealthy elites who have totally insulated themselves from the economic calamity that will result from their ongoing and ceaseless attempts to prop up this unholy empire will not stop until the entire system collapses.  It's the way they think, it's in their blood, and it’s what they are. - mpg
========== ========== ========== ========== ========== ========== ========== ====

Whole World Feels Effect of US Intent, Activist Says
From the History File....a warning that was disregarded - mpg -- A quote...."Published on Friday, March 14, 2003 --  After visiting Iraq last year for a firsthand look at what 12 years of sanctions and U.S. bombing attacks have done to its battered infrastructure, Mr. Perez Esquivel scoffed at the notion that Iraq poses any significant threat. - A U.S. attack, on the other hand, would open "a Pandora's box, threatening to set free the demons of death and destruction," he wrote recently. - "The chief danger in the world today is not Saddam Hussein," Mr. Perez Esquivel said. "It is the United States."

Did PBS Bury an Expose on Torture?
A quote...."On Thursday evening WNET in New York will air an important new documentary by Emmy and Dupont Award winning producer Sherry Jones entitled “Torturing Democracy.” It appears on WNET and several other affiliates independently because PBS would not run the show—at least not until President Bush has left office. The show delivers impressively on a promise to “connect the dots in an investigation of interrogations of prisoners in U.S. custody that became ‘at a minimum, cruel and inhuman treatment and, at worst, torture’” (quoting Alberto Mora, who served as general counsel of the Navy under Donald Rumsfeld, and features in an interview). -- See excerpts below...

"Torturing Democracy" - Videos  Exrpt #1 - Exrpt #2 - Exrpt #3 - Exrpt #4 - Exrpt #5 - Exrpt #6
(YouTube - aprox 1 to 3 min each - excerpts - Added:  October 09, 2008) -- Full length not available....yet. - mpg

Use It or Lose It? How to Manage an Imperial Decline
A quote...."Do empires end with a bang, a whimper, or the sibilant hiss of financial deflation? -- We may be about to find out. Right now, in the midst of the financial whirlwind, it's been hard in the United States to see much past the moment. Yet the ongoing economic meltdown has raised a range of non-financial issues of great importance for our future. Uncertainty and anxiety about the prospects for global financial markets -- given the present liquidity crunch -- have left little space for serious consideration of issues of American global power and influence." -- Also posted at CommonDreams

The Failed Presidency of George W. Bush: A Dismal Legacy
A quote...."Whoever is elected president in the coming November 4 American election will inherit a most miserable situation on nearly all fronts. This is because George W. Bush has been one of the worst presidents the U.S. has ever had, if not the worst. It is widely recognized that he was a below average politician who led his country on the wrong track, both domestically and internationally. Today, only a meager 9 percent of Americans dare to say that their country is moving in the right direction."

Payback’s A B-tch
A quote...."Once small problem, though.  If you sat down with a pen and paper and tried to invent a more thorough litany of failure on the right’s watch, you’d be hard pressed to top what they’ve actually done.  I suppose inadvertently nuking all the major cities of the United States would be worse, but I can’t think of much else.  The simple truth is that the regressive movement took a great and proud and prosperous country and ran it into the ditch at 130 miles an hour.  Worse yet, for them – and unlike the bad old years of Willie Horton, or invading Panama, or Clinton’s faux scandals – the public isn’t fooled anymore.  They had already caught on to the game, in large part, a few years back, which is why Bush has been moribund in the absolute cellar of job approval ratings for almost the entirety of his second term.  Things were already tough for the black hats, but then this economic crisis came and walloped people severely, right in the wallet.  One thing about Americans – they’re seriously selfish.  You take away their reputation and their liberties and their democracy and they might – might! – vote against you.  You take away their money, they’ll rip your f-cking lungs out, Bro." -- Yeah....Americans tend to get a little hyper-active when it concerns their money. - mpg -- Also posted at CommonDreams

America's National Strategy of Global Intervention
A quote...."October 18, 2008 "Information Clearinghouse" --  Paris, October 15, 2008 – Last June the U.S. Department of Defense unexpectedly issued a new version of its National Defense Strategy. It was unexpected because there will be a new administration in Washington in January which might be expected to issue a statement of its own ideas about military strategy."
========== ========== ========== ========== ========== ========== ========== ====

Tens of Thousands of Iraqis Mass for Anti-SOFA Protest
A quote...."At least 50,000 Iraqis joined a protest in the streets of Baghdad today, organized by followers of Shi’ite cleric Moqtada al-Sadr, chanting anti-US and anti-occupation slogans and waving banners opposing the controversial Status of Forces Agreement (SOFA) which would keep US troops in Iraq through 2011."

Maliki Implies Odierno Ouster; Thousands Protest Security Pact
A quote...."Although Prime Minister Nuri al-Maliki has approved a draft agreement on US troops in Iraq, it faces severe opposition from many parliamentarians and may not actually be enacted into law. A major stumbling block is immunity for US troops from Iraqi law. -- Meanwhile, al-Maliki said Friday that Gen. Ray Odierno may have lost his position as commander of US forces in Iraq because of his charge that Iran is bribing Iraqi parliamentarians to reject the agreement. -- Odierno told The Washington Post on Monday that intelligence reports indicated that Iran was bribing Iraqi lawmakers. -- Odierno's remarks provoked a wave of outrage in Iraqi political circles." -- *Juan Cole*

Civilian dead are a trade-off in Nato's war of barbarity
A quote...."The killing of innocent Afghans by US bombs is the result of a calculation, not just a mistake. And it is fuelling resistance. -- While the eyes of the western world have been fixed on the global financial crisis, the military campaign that launched the war on terror has been spinning out of control. Seven years after the US and Britain began their onslaught on Afghanistan to oust the Taliban and capture Osama bin Laden, the Taliban surround the capital, al-Qaida is flourishing in Pakistan and the war's sponsors have publicly fallen out about whether it has already been lost." -- Also posted at ICH

Attack on Iran Off the Table?
A quote...."On Sept. 23, the neo-conservative chiefs of the Washington Post's editorial page mourned, in a tone much like what one hears on the death of a close friend, that "a military strike by the United States or Israel [on Iran is not] likely in the coming months."  One could almost hear a wistful sigh, as they complained that efforts to stop Iran's nuclear program has "slipped down Washington's list of priorities...as Iran races toward accumulating enough uranium for a bomb." -- For more regarding this issue see....The Iran Game - All Over Again - 05-27-08 - mpg

On the other hand....

Has the 'Amber Light' Turned Green?
War Update -- A quote...."According to "a senior Pentagon official," President George W. Bush gave the Israeli government in July the "amber light" for future military strike on Iranian nuclear facilities. -- "Amber means get on with your preparations, stand by for immediate attack and tell us when you're ready." -- Might the "amber light" turn green? Yes, "if negotiations with Tehran break down."

Czech government trounced in regional election rout
A quote...."PRAGUE (Reuters) - The leftist Czech opposition has trounced the ruling center-right in regional elections, sending shock waves through the cabinet of Prime Minister Mirek Topolanek ahead of the country's EU presidency next year."

What a Real Financial Collapse Looks Like
Contains Video - A quote...."How Argentina was Sold Down the River -- This 59-minute documentary excerpt tells the story of how Argentina experienced financial collapse and what the aftermath looked like. It’s not a pretty sight, especially for Americans, as Argentina was brought down primarily by a ruling class that sold them out and took on a huge national debt."
========== ========== ========== ========== ========== ========== ========== ====

Main Core, PROMIS and the Shadow Government (Pt.2)
A quote...."In a very real and terrifying sense, our Government is the CIA and the Pentagon, with Congress reduced to a debating society. Of course, you can't spot this trend to fascism by casually looking around. You can't look for such familiar signs as the swastika, because they won't be there. We won't build Dachaus and Auschwitzes; the clever manipulation of the mass media is creating a concentration camp of the mind that promises to be far more effective in keeping the populace in line."

GOP Strategy: Voter Suppression
A quote...."In the 2000 Presidential election, reporter Greg Palast, author of "The Best Democracy Money can Buy," broke the story of Florida's illegal voter purges, in which Florida Secretary of State Katherine Harris kept 57,000 votes, most of them African-American, from being counted. Their names resembled names of persons convicted of crimes. The state eventually acknowledged that the purge was improper - two years after the Supreme Court selection of George W. Bush." -- Also posted at CommonDreams

ACORN Offices Ransacked; $5,000 Reward For Information
ACORN hit by vandals, workers threatened
========== ========== ========== ========== ========== ========== ========== ====

Guided by an invisible hand
Special Note - A quote...."The events of these weeks will be to market fundamentalism what the fall of the Berlin Wall was to communism. Last month in the United States almost 160,000 jobs were shed - making more than three-quarters of a million this year. My guess is that things will get considerably worse. I have been predicting this for some time, and so far, unfortunately, I have been right." -- Also posted at CommonDreams
 
Cronytopia: What the World Knows -- and Americans Don't -- About the Bailout
A quote...."Having laid out the thrust of the story very plainly in the headline and sub-head, the paper then detailed the way that the Bush-Obama bailout (the most apt moniker for a scheme devised by the top echelons of the bipartisan elite) is yet another inside job by the Beltway bandits who move in and out of the revolving door between "public service" and vast feeding troughs of Cronytopia. So while Americans looking at the nations's "leading newspaper," the New York Times, found a vast belching of psychobabble and personal gossip about Cindy McCain taking up the front page, the rest of the world was learning this:  --  Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned."

Spending Surge Pushing Deficit Toward $1 Trillion [This Year] - Oh, don't worry....it'll be a lot more than that. - mpg
A quote...."Congressional leaders and both presidential candidates are proposing billions of dollars in tax breaks and other measures to stoke economic growth, a surge in spending that could send the federal deficit soaring toward $1 trillion this year, creating the deepest well of red ink since the end of World War II."

Friday October 17th 2008

A Letter to America: Why Must the Show Go On? - posted at the Palestine Chronicle
Must Read - A quote...."It's not easy or even fun to be an expatriate. Unless you didn't know, that is just a highfalutin word that is used especially for American emigrants. Why the special word? Because people who "leave" America are expected to see it with a critical (perhaps even artistic) eye, and Americans who "remain" are expected to disregard the criticism, and even accuse the expat of Anti-Americanism or sheer snobbery. In writing, you will see the word distorted to "ex-patriot".

Now the Cost of War Really Matters
A quote...."The Finance Crisis Means the U.S. Can No Longer Continue Two War-Quagmires and Must Reconsider Military-Based Foreign Policy  --  Nobel prize winning economist Joseph Stiglitz predicts the Iraq war will cost the United States $3 trillion.  Nouriel Roubini, the economist who predicted today’s financial crisis in 2006, predicts the U.S. will suffer its worst recession in 40 years, lasting up to two years with 9% unemployment and another 15% drop in housing prices.  He predicts we are seeing only the first round of government injection of funds into the finance system."

Q&A:  "The U.S. President Is Not a King"
A quote...."DETROIT, Michigan, Oct 17 (IPS) - At 76, Daniel Ellsberg is still vocal. The man who leaked the Pentagon Papers in 1969, leading to the fall of President Richard Nixon, is speaking out this time on the 2008 presidential election." -- Also posted at AntiWar

Anti-US protesters rally against US-Iraqi pact, ME
A quote...."BAGHDAD (AP) -- Tens of thousands of followers of cleric Muqtada al-Sadr rally Saturday in Baghdad in a mass public show of opposition to a U.S.-Iraqi security pact that would extend the presence of U.S. forces in Iraq. -- The march came as U.S. and Iraqi leaders face a Dec. 31 deadline to reach agreement on the deal, which would replace an expiring U.N. mandate authorizing the U.S.-led forces in Iraq.

Iraq's PM slams top US soldier over comments - link posted at ICH
A quote...."BAGHDAD (AP) - Iraq's prime minister slammed America's top military commander in the country on Friday, saying he "risked his position" when he said Iran sought to bribe lawmakers to vote against a U.S.-Iraq security agreement."

Iraqi Clerics Speak Out Against SOFA
A quote...."There aren’t many things that a confidant of Ayatollah Ali al-Sistani, a council of Iraqi Sunni religious leaders and the followers of firebrand Shi’ite cleric Moqtada al-Sadr can all agree on, but they seem to have found common ground on one thing: they all oppose the Status of Forces Agreement (SOFA) with the United States."

The Forgotten U.S. War On The Iraqi People
Special Note - A quote...."On October 3, 2008, the Washington Post reported that the Pentagon is paying $300 million to U.S. contractors to produce pro-U.S. propaganda for Iraqi audiences “in an effort to ‘engage and inspire’ the local population to support U.S. objectives and the puppet government”. The aim of this psychological warfare is to normalise the murderous Occupation and cover-up the slaughter of innocent Iraqi civilians."

Private Military Contractors Writing the News? The Pentagon's Propaganda at Its Worst
A quote...."Months after the Pentagon pundits flap, the Department of Defense continues to hand down contracts for propaganda in Iraq and beyond."

A War for Empire - Afghanistan: Not a Good War Gone Bad
A quote...."For the people of Azizabad, a small village in western Afghanistan, the dark early morning hours of August 22, 2008 suddenly turned into a nightmare of devastation and death. As villagers slept, U.S. forces attacked—first with guns, then air strikes. By the next morning, according to UN investigators, over 90 people had been massacred, including 60 children and 15 women."

NATO PESSIMISM - The West Is at a Loss in Afghanistan
A quote...."More and more military and civilian leaders are voicing pessimism when it comes to the NATO mission in Afghanistan. As the fight continues, ideas for how to break through the ongoing stalemate are few. Some are beginning to think that victory -- for either side -- is impossible. "

Commander Says Taliban Won’t Fight Pakistani Forces in Waziristan
A quote...."In a statement delivered by spokesman Ahmedullah Ahmedi, local Tehreek-e Taliban Pakistan (TTP) commander Qari Gul Bahadar said that militants in North and South Waziristan will continue to abide by the peace deal signed with the Pakistani government earlier this year in spite of the escalating US attacks in the region."

Palestinians dismantle road blockade
Video - A quote...."Palestinian residents of the Al-Mazra’a ash Sharqiya village dismantle roadblock as symbol of resistance"

Photo essay: Colonialism in the West Bank
Photos - A quote...."The following photo essay from 2003 is by Montreal photographer and community worker Scott Weinstein, who traveled to Palestine to work with the Palestine Red Crescent Society as a registered nurse. His photographs document the contemporary realities of Israeli colonialism and occupation in the West Bank, specifically focusing on settler violence against Palestinian civilians in the West Bank city of Hebron."

Iran slams assault on Iraqi Christians
A quote...."The Iranian embassy in Baghdad has condemned the recent aggressions against the Christian civilians in the northern Iraqi city of Mosul."

China Blocking US Anti-Iran Efforts
A quote...."TEHRAN (FNA)- China has hampered US efforts to convene permanent UN Security Council members plus Germany to discuss new sanctions against Iran."

Heavy fighting engulfs Mogadishu
A quote...."Heavy fighting has left at least 20 people dead and dozens more injured in clashes across the Somali capital, Mogadishu, officials and witnesses say."

Russia to ship equipment to finish Iranian nuclear plant
A quote...."TEHRAN, October 17 (RIA Novosti) - Russia will soon ship around 1,000 tons of equipment necessary to complete the construction of the Bushehr nuclear power plant, a top Iranian nuclear official said on Friday."

Russia could resume naval presence in Yemen
A quote...."SANA, October 16 (RIA Novosti) - The speaker of Russia's upper house of parliament said on Thursday that Russia could resume a naval presence in Yemen. -- Authorities in the Middle East country are calling on Moscow to help fight piracy and possible terrorist threats. The U.S.S.R. had a major naval base in the former socialist state of South Yemen, which merged with North Yemen in 1990 to form the present-day Yemen."

UN Security Council elects new non-permanent members
A quote...."UNITED NATIONS (October 17) - Japan, Turkey, Austria, Mexico and Uganda will join the UN Security Council as non-permanent members on January 1, 2009, the head of the UN General Assembly announced on Friday."
========== ========== ========== ========== ========== ========== ========== ====

Bill Moyers Interviews Mark Crispin Miller
Must View Video - A quote....."Bill Moyers sits down with Mark Crispin Miller, professor of Media, Culture and Communication at NYU, who has been following voter fraud allegations in his blog News from the Underground. An expert on propaganda and media, Miller's book "Loser Takes All" [Gogl Srch]*  is an anthology of writings covering election fraud." -- ||  Transcript  || Podcast Mp3 || -- *link added

[US Supreme] Court blocks Ohio vote challenge
A quote...."The US Supreme Court has blocked attempts by the Republican Party to challenge the right of 200,000 new voters to cast their ballots in Ohio."

Breaking: GOP Attempts to Disenfranchise 600,000 Voters In Ohio
A quote...."With millions of new voters registering nationwide, the GOP has gone on the offensive to prevent as many of these new voters from making it to the polls as possible.  And as of today, they've scored a massive victory in Ohio..."

Breaking: Obama Demands Special Prosecutor Investigate GOP Voter Fraud Activities
A quote...."Charging that the FBI probe of ACORN represents an “unholy alliance” between Republican operatives and potentially illegal conduct by law enforcement targeting voter fraud, the Obama campaign demanded Friday that the U.S. special prosecutor looking into the U.S. attorneys scandal investigate the matter."

The Republican ACORN Hoax - article posted at Consortium News
A quote...."ACORN and election fraud. Hang on. As soon as I can get the alligator that crawled out of my toilet back into the New York City sewers where it belongs, I can turn my attention to this very important topic. You see, the ACORN “election fraud” story is one of those urban legends, like fake moon landings and alligators in the sewers, and it appears three or four weeks before every recent national election with the regularity of the swallows returning to Capistrano."

Ex DOJ Voting Rights Chief: "It's Going to Take a Long Time to Cleanse" Department
A quote...."A former top Department of Justice voting rights official -- who once worked with John McCain in defense of the senator's campaign-finance reform bill -- has added his name to the growing chorus that is denouncing the department's investigation of ACORN as a shameful and inappropriate politicization of Justice along the lines of the US attorney firings."

GOP Exploits ACORN Probe
A quote...."In a replay of a tactic used to help secure President George W. Bush’s second term, Republicans – aided by investigative agencies of the federal government – are making a campaign issue out of voter-registration forms with fake names like “Mickey Mouse.”

Death threat, vandalism hit ACORN after McCain comments
US Republicans target ACORN: the great “voter fraud” fraud
GOP Attacked ACORN Before 2004 Election
Returning to the Scene of the Crime
ACORN Fires Back, Claims McCain Ignored Impending Crisis
========== ========== ========== ========== ========== ========== ========== ====

Zero: An Investigation Into 9-11 - Prt1 - Prt2 - Prt3 - Prt4 - Prt5 - Prt6 -Prt7 - Prt8 - Prt9 - Prt10 - Prt11
Must View Videos -- (YouTube - aprox 10 min each - Added:  July 26, 2008)
A quote...."ZERO: An Investigation into 9/11, has one central thesis - that the official version of the events surrounding the attacks on 9/11 can not be true. This brand new feature documentary from Italian production company Telemaco explores the latest scientific evidence and reveals dramatic new witness testimony, which directly conflicts with the US Government's account." -- For more on this issue see....9/11 & It's Fallout - Videos

EFF Challenges Constitutionality of Telecom Immunity in Federal Court
A quote...."San Francisco - The Electronic Frontier Foundation (EFF) Thursday challenged the constitutionality of a law aimed at granting retroactive immunity to telecommunications companies that participated in the president's illegal domestic wiretapping program."

Oft-spurned Senator repeats request for White House torture docs
A quote...."Patrick Leahy, in his role as chairman of the Senate Judiciary Committee, has often found himself on the receiving end of a metaphorical middle finger from the White House when he's tried to exercise oversight of the Bush administration."

Is Israel's booming high-tech industry a branch of the Mossad?
A quote...."In 2006 the Check Point Software Technologies company, which specializes in protecting computer systems from hackers and data theft, wanted to acquire an American company called Sourcefire, which works in the same field. The great advantage of Sourcefire was that its clients include the American Defense Department and the National Security Agency. The U.S. administration, however, by means of the Committee on Foreign Investment in the United States, did not approve the acquisition. -- The committee made its decision based on an opinion by the Federal Bureau of Investigation and NSA security officers. The two organizations were afraid that Check Point, which was founded by Gil Shwed and fellow graduates of Unit 8200, the Israel Defense Forces' high-tech intelligence unit, would have access to top-secret information, which it could pass on to Israel's intelligence community."
========== ========== ========== ========== ========== ========== ========== ====

Parsing Mr. Paulson’s Bailout Speech: The Unprecedented Giveaway of Financial Wealth
A quote...."Everything that I have read in economic history leads me to believe that we are entering a nightmare transition era. The business cycle is essentially a financial cycle. Upswings tend to become economy-wide Ponzi schemes as banks and other creditors, savers and investors receive interest and plow it back into new loans, accruing yet more interest as debt levels rise. This is the "magic of compound interest" in a nutshell. No "real" economy in history has grown at a rate able to keep up with this financial dynamic. Indeed, payment of this interest by households and businesses leaves less to spend on goods and services, causing markets to shrink and investment and employment to be cut back."

Dr. Paulson's Magic Potion Is Pure Poison for Us
A quote...."American capitalism is having a nervous breakdown, losing confidence and acting out in self-destructive ways. Let's try talk therapy. No, wait, it's more serious -- a case for high-powered drugs. No response? Maybe high finance has a brain tumor. Time for surgery! Cut out the bad parts and things will stabilize. Hold on. The patient is swooning now, gasping for air and trembling with seizures. Oxygen! Blood! We need a massive transfusion to rid the body of toxins. Doctor, the patient is flat-lining. What's next? Shock therapy? -- My mordant medical metaphor sounds a trifle cruel, given the massive losses people are suffering, but it roughly describes the stages of diagnosis and cures with which the government has hesitantly attempted to heal the collapsing financial system."

A Gigantic Armed Robbery
A quote...."Amid the astonishing details of the Fed's fierce money pumping, the Treasury's partial nationalization of the banking industry, and the madcap exchange of its legal tender for the banks' rotten mortgage-backed securities, we may lose sight of the overall character of these actions: they are, in effect, nothing short of a gigantic armed robbery."

These Firefighters Are Pyromaniacs!
A quote...."In the last 100 years there have only been two fires similar to that of today. The first inferno was in 1929, centered in New York. The second was in 1989, when Tokyo went up in flames. In both instances, rescuers took extraordinary measures. And in both cases, they not only failed to save the economy, they scorched it even more. Obviously, few economists share this analysis with us. The few who do are probably either insolvent or insane, or perhaps both. So, the burden of proof is on us."

"The New Kleptocracy" - "The largest financial theft in American history" - posted at ICH
Must Listen - Audio Interview - A quote...."By Guns & Butter -- Economist Dr. Michael Hudson on Treasury Secretary Hank Paulson's "Plan" passed by Congress on October 3, 2008. We discuss what is being purchased, the congressional vote, what this means for the oligarchs, and what this means for the rest of us."

Wall Street banks in $70bn staff payout -- Hah, ha, ha, ha, ha....Americans are such rubes, it's really sad. - mpg
Special Note - A quote...."Pay and bonus deals equivalent to 10% of US government bail-out package -- Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned."

[British] Bankers' £16bn bonus bonanza - Hah, ha , ha....the British are rubes too. - mpg
Special Note - A quote...."City bankers have not lost a penny of their multimillion-pound bonus packages so far, despite the credit crunch which has caused the worst financial crisis in 80 years, new figures show. -- Official statistics reveal that, in the financial year to April, City workers took home £16bn, almost exactly the same as in 2007."

As Economic Storm Brewed, Congressional Wealth Grew 11% Last Year
A quote...."WASHINGTON -- An economic recession is looking increasingly likely, but the personal finances of members of Congress suggest they will be able to withstand the slowdown far better than most Americans, according to a new analysis of lawmakers' latest personal financial reports by the nonpartisan Center for Responsive Politics."

Lahde Quits Hedge Funds, Thanks `Idiots' for Success (Update1)
A quote...."I was in this game for money,'' Lahde, 37, wrote in a two-page letter today in which he said he had come to hate the hedge-fund business. ``The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. -- ``All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other sides of my trades. God Bless America.''  -- *Andrew Lahde*

Inflation Or Deflation? BOTH
A quote...."I have previously discussed the debate between inflation and deflation. There are good arguments on both sides. But there are strong arguments that we will experience both inflation and deflation. How is that possible?" -- For more on this issue see....Some Tentative Laws - July 20th, 2008 - mpg

Home Prices Seem Far From Bottom
A quote...."The American housing market, where the global economic crisis began, is far from hitting bottom. Home prices across much of the country are likely to fall through late 2009, economists say, and in some markets the trend could last even longer depending on the severity of the anticipated recession."

US bank losses wipe out years of paper profits
A quote...."A milestone was reached Thursday by the US banking system: With the announcement by Citigroup and Merrill Lynch of billions of dollars in additional losses in their third quarter reports, all of the profits accumulated by the nine biggest banks during the three-and-a-half-year housing boom had vanished."

Banks borrow record $437.5 billion per day from Fed
A quote...."Financial institutions ran to their lender of last resort for record amounts of cash in the latest week, under extreme pressure from the worst global financial crisis in a generation, Federal Reserve data showed on Thursday. -- Banks and dealers' overall direct borrowings from the Fed averaged a record $437.53 billion per day in the week ended October 15, topping the previous week's $420.16 billion per day."

Housing starts fall to second-lowest rate in 50 years
A quote...."WASHINGTON (MarketWatch) -- Construction of new homes dwindled to the second-lowest level in 50 years last month, as home builders sought to reduce the number of unsold inventories in an elusive quest to find the bottom of the historic housing collapse, according to government data Friday."

French bank hit by €600m rogue trading scandal
A quote...."France's favourite savings bank admitted yesterday that it had suffered a €600m (£470m) loss caused by rogue trading in the futures market in a scandal that is eerily reminiscent of the €5bn Kerviel affair that rocked the country earlier this year."

Thursday October 16th 2008

A political farce, not a debate
Must Read - A quote...."Wednesday’s nationally televised encounter between Barack Obama and John McCain was less a debate than a ritualized episode of a peculiarly American form of political theater. -- The two candidates, both multi-millionaire representatives of the upper crust of American society, shared the stage with another multi-millionaire, an aging TV anchorman who confined the subjects and questions to the banal and predictable, excluding anything that would call into question the overarching right-wing framework of the discussion. (Where in this debate, for instance, was there a question on the latest figures showing that 28 countries have a lower infant mortality rate than the US, or on the growth in the number of working poor, or on the plunge towards bankruptcy of state and local governments?)"

The Illusion Of Democracy
A quote...."It seems like the citizens of this country should be enjoying the proceeds of the largest economy on Earth. Instead, 1% of the families in the United States own 54% of its wealth. This is up from 38% last year. Basing an economy on debt and then subsidizing the very people that profit from that debt is outrageous. One of the main reasons that we are in the predicament that we find ourselves in is that politicians in Washington rely on advice from those that have an inherent interest in the status quo. These politicians are the Democrats and Republicans."
========== ========== ========== ========== ========== ========== ========== ====

U.S. Loses Its Grip on Europe - Or perhaps Europe is finally getting a grip on itself? - mpg
A quote...."PARIS—Events since the beginning of August have made a deep impression on West European perceptions of European possibilities and European-American relations, now and in the future."

Europe and the Middle East: Will the EU be a more just mediator? - posted at Online Journal
A quote...."Europe has showed greater willingness in recent months to play a larger part in the Middle East’s most protracted conflict, that of Israel and Palestine. But willingness doesn’t necessarily indicate readiness."

The NATO Alliance: Dangerous Anachronism
A quote...."Until recently, NATO was treated like a social club, with invitations extended pro forma to anyone within geographic reach that exhibited proper manners. But the conflict in the Caucasus brought home to NATO's 26 members the unpleasant prospect of war with Russia. Moscow is truculent and the Europeans are nervous, yet US officials are pushing to bring both Georgia and Ukraine into NATO. This step would directly bring conflict and war into the alliance."

Report: NATO Air Strike in Helmand Kills 25 Civilians
A quote...."NATO forces launched an air strike in Nad Ali District, Helmand Province, early this afternoon, killing a reported 25 civilians. The number of dead were reported by local residents, who took some of the bodies to Lashkar Gah to complain to the governor about the killings. NATO said it was “aware of an incident,” but declined to confirm any civilian casualties as of yet."

Road to Perdition: Yet Another Atrocity in Afghanistan, More to Come
Related Article - A quote...."On Wednesday night, the BBC reported that a British soldier had been killed in Helmland province in Afghanistan. On Thursday night, the BBC reported that an airstrike by as-yet unidentified "foreign forces" has killed at least 18 civilians -- in Helmland province. From the BBC:"

Former FM: Taliban May Split With al-Qaeda Over Afghan Peace
A quote...."Wakil Ahmed Muttawakil, a former Foreign Minister for the pre-invasion Taliban government in Afghanistan, says that the Taliban might cut ties with al-Qaeda in the course of reconciliation talks with the post-war government, though the move should not be a pre-condition for such talks. Muttawakil said al-Qaeda was a guest of the Taliban and an ally in the present fight, but they “will not be allowed to create an obstacle” to peace negotiations."

Taliban 'seizes 180 Afghan troops'
A quote...."A spokesman for the Taliban movement has told Al Jazeera that the movement's fighters have captured at least 180 Afghan soldiers in southern Helmand province."

Afghan Forces See Growing Defections to Taliban
A quote...."As the fighting in Afghanistan continues to worsen, Al Jazeera reports that a growing number of members of Afghan security forces are switching sides and joining the Taliban. The article focuses on Sulieman Ameri, a member of Afghanistan’s police border patrol in Herat Province who, along with his 16 subordinates defected to the Taliban."

The trail of torture
A quote...."The revelation, in yesterday's Washington Post, that the Bush administration "issued a pair of secret memos to the CIA in 2003 and 2004 that explicitly endorsed the agency's use of interrogation techniques such as waterboarding against al-Qaida suspects" will increase calls for the administration to be held to account for its actions." -- Also posted at CommonDreams

Scott Horton Interviews Lawrence Wilkerson
Must Listen - Audio Interview - A quote...."Col. Lawrence Wilkerson, (US Army Ret.), former chief of staff for Secretary of State Colin Powell, discusses the coalition of Oil and Israeli interests in pushing the invasion of Iraq, all the reasons that everyone should have known that the WMD and terrorism pretexts were just that, the disgrace he felt during Powell’s UN speech and his surprise at the positive coverage, the status of Anar al-Islam in Kurdistan before the war, the after the fact creation of al Qaeda in Iraq by Zarqawi and his allies, how he came to understand how the Cheney-Neocon cabal operated - too late, the continued polarization of American politics, the responsibility of David Addington, Jim Haynes, Doug Feith, Jay Bybee, John Yoo, Timothy Flanigan and Alberto Gonzales for the torture policy adopted after 9/11, its consequences, John McCain’s pro-torture Detainee Treatment Act, how the administration killed the Iranian peace offer of 2003 and how the administration let Osama bin Laden escape from Afghanistan in 2001." -- For more regarding the "oil" issue see....War Resource 9/11. -- Regarding Rumsfeld's "Office of Special Plans", see....Fake Intel / Propaganda - OSP -- Regarding torture and prisons see....The Convenient Silence of Guantanamo Bay - 05-31-08 - mpg

U.S. troops close down outlets of Sadr City-MP
A quote...."BAGHDAD/Aswat al-Iraq: A lawmaker from a bloc loyal to Shiite cleric Muqtada al-Sadr on Wednesday said the U.S army forces closed down the outlets of Shiite Slum Sadr City to prevent demonstrations to be staged by Sadrists this weekend. - [In opposition to the recently concluded negotiation between the N.R.E and Maliki regarding the Status of Forces Agreement (SOFA), an agreement by the way, that has to be approved of by the Iraqi parliament, which given the agreement's infringement on Iraqi sovereignty, is something that is unlikely to happen anytime soon.] - mpg

Sadrists refuse presidential invitation to discuss US security pact
A quote...."Baghdad - The Sadrist bloc in Iraq's parliament refused a presidential invitation for a meeting to be held on Friday to discuss the US-Iraqi security pact, the bloc's spokesman said."

Darkness
A quote...."It wasn't a good couple of days for journalists in Iraq or a positive reflection on a government that is supposed to be a fledgling Democracy. -- When a press conference by the advisory commission of the Shabak, an Iraqi ethnic minority demanding their rights, turned heated today parliament security guards held 35 journalists against their will and confiscated their equipment. They stopped broadcasts and cut off internet lines so no journalist could file the news to their offices, the Journalistic Freedom Observatory an independent Iraqi organization that monitors violations of press freedom."

America, Get Out Today and Not Tomorrow!
A quote...."Your democracy, which we applauded, turned us into those bereaved of children, widows, and orphans of the street begging for mercy and a piece of the bread from a government that has made itself deaf to our hunger and our eternal subjugation."

Yousef Abudayyeh - It Was Never About Borders
They say a picture is worth a thousand words....it's true. - mpg -- A quote...."the Palestinian-Zionist conflict is not about disputed borders, it’s about the very existence of the indigenous inhabitants of Palestine. The Zionist invaders came to Palestine because according to the Zionists, Palestine was a land with no people and needed to be filled with “people who have no land. -- Unless the whole world and especially the Arab Palestinians understand this, things will get worse. What we saw in Akka (Akko) this week is a continuation of the emptying of Palestine of its original people. This has always been a fruitless undertaking, fueled by the invader’s realization of the ultimate failure of the Zionist adventure - make no mistake about it.”

The Phantom Peace - posted at Palestine Chronicle
A quote...."The end of Ehud Olmert's Israeli Prime Ministership should see the likely new leader Tzipi Livni continue peace talks with the Palestinian Authority. She will have a difficult time. The illegal settlement movement supported by every Israeli administration to date has burgeoned out-of-control and its right-wing leaders are vehemently opposed to negotiating land for peace. More than likely, we will see Livni use the same stalling tactics that have up until now allowed land grabs from the Palestinians for the Zionist dream of a greater Israel."

Settlers smash Palestinian family’s car while soldiers refuse to intervene during olive harvest in Azmut
A quote...."At approximately 10:40 on Thursday morning a Palestinian family from Azmut, in the northeast of Nablus, was harvesting their land near the illegal Elon Moreh settlement when a group of five settlers terrorized the family."

Pogrom Acre-style
A quote...."Racism raised its ugly head in the northern coastal town of Acre this week, exposing Israelis' shocking bigotry and intolerance towards its non-Jewish citizens, especially the sizeable Palestinian minority which constitutes nearly one fourth of Israel's population."

Pentagon bans SERE interrogation techniques - Too little, too late. - mpg
A quote...."WASHINGTON (AFP) - The Pentagon has revised a directive on detainee interrogations to specifically prohibit the use of techniques developed for a pilot survival training program from Chinese torture methods, officials said Wednesday."

In Nicaragua, political dissidents targeted
A quote...."Although Nicaragua's government has moved from the far right to the far left, it's remained consistently repressive, say its opponents. Political analysts say that the crackdown against Carlos and other critical voices is the latest step by Nicaraguan President Daniel Ortega's government to move the country toward a totalitarian regime by limiting political and civic participation. His tightening control over other state institutions has resulted in an "institutional dictatorship," according to dissident leader Edmundo Jarquin from the Sandinista Renovation Movement (MRS)."

Nigerian court orders Shell to hand over oil terminal land
A quote...."LAGOS (AFP) - A Nigerian court has ordered Shell to hand over land around its giant Bonny oil terminal to the local population, a key demand of armed rebels in the volatile region, the Anglo-Dutch group said Wednesday." -- One could speculate at cynical length regarding the putative reasons for this remarkable decision, however, taking it at face value, this editor sincerely applauds the independence of the Nigerian courts and the judge presiding over the case for standing up to a large muti-national corporation like Shell on behalf of the "little people". - mpg

Venezuela buying Russian tanks, armored vehicles
A quote...."CARACAS (AFP) – Venezuela is buying more Russian weapons, including armored personnel carriers and tanks, to replace aging ordnance and to improve the country's security and defense capabilities, a top military commander said Thursday."

Russia to build second missile frigate for Indian Navy by March
A quote...."KALININGRAD, October 16 (RIA Novosti) - A Russian shipyard said on Thursday it would complete the construction of the second of three missile frigates for the Indian Navy by March 2009."

The Monroe Doctrine Revisited: China’s Increased Role in Latin America
A quote...."The presence of Chinese communities in cities like Rosario is not surprising. Chinese immigration and adaptability is common worldwide. In 2006, reported Chinese remittances from abroad totaled over $22 billion, and the global Chinese Diaspora is estimated to be 40 million strong. What is noteworthy is the symbolism of their success: the ability of the Chinese to seamlessly integrate and flourish in business climates all throughout Latin America is symbolic in a region ever more open to trade with these business owners’ country of origin."

Calm seas in Azerbaijan ahead of presidential election
A quote...."MOSCOW. (Gyulnara Mamedzade for RIA Novosti) - Incumbent Azerbaijani President Ilham Aliyev will win the presidential election on October 15. Pollsters predict that he will get over 86% of the 4.8 million votes."
========== ========== ========== ========== ========== ========== ========== ====

Shadowplay : Part 1 9/11 Puppetmasters - (YouTube - 10 min 20 sec - Added:  July 26, 2008)
Video - A little theatrical, but the analysis is spot on....enjoy. - mpg -- A quote...."What if 9/11 was not an act of Islamic extremism, but something far more sinister... an evil from within? -- In the past, invisible elites lurking behind thrones have tightened their grasp on power by provoking attacks on their own people, then blaming the enemy as a false-flag pretext for imperial wars. The idea that this could happen today is almost unimaginable. - Or is it?

Howard Stern - Jesse Ventura on 9/11 - (YouTube - 10 min 20 sec - Added:  July 29, 2008)
Video - A quote..."Howard has Jesse Ventura back on the show and he lets rip his views on the vietnam war, the gulf of tonkin false flag event, the PNAC documents, the new pearl harbor and 9/11..." -- See also....9/11 - WTC7

Peter Dale Scott's "Deep Politics" lecture at McGill University - (blinkx video - 1hr 22m 47s - Sub | Sept. 22, 2008)
Vidoe - A quote...."Deep Politics: How 9/11 Changed America ", given by Peter Dale Scott , chaired by Michel Chossudovsky and organized by the Centre for Research on Globalization in Montreal on September 19 2008. Filmed and edited by Montreal 9/11 Truth .
========== ========== ========== ========== ========== ========== ========== ====

Meet the Protester Who 'May Have Received a Minor Injury' at the Hofstra Debate
A quote...."Last night Americans waited for presidential candidates, Senators Barack Obama and John McCain, to take the stage at Hofstra University for the final debate before the elections. Outside the debate "15 protesters" were arrested. Oh, and "one person may have received a minor injury." That according to the Associated Press."

The Final Debate - Democracy Now! - Audio, Video and Transcript - posted at ICH
A quote...."October 16, 2008 -- Third-Party Candidates Ralph Nader & Cynthia McKinney Respond to Final McCain-Obama Debate -- Senators Barack Obama and John McCain met last night for the final debate before the November 4th presidential election, sparring over the economy, tax policy, negative campaigning, trade agreements, abortion and the educational system. As with the other debates, third-party candidates were not invited to participate. We break the sound barrier and hear from Green Party presidential nominee Cynthia McKinney and independent presidential candidate Ralph Nader" -- Article from DemocracyNow -- One does not have to vote for a DemoRepub, see....You Have a Choice Democracy or Empire - 07-24-08 - mpg

Unsked Questions in the Four Debates
A quote...."1.  What assurances can you offer the American people that you will return to a Constitutional form of Government with a renewed respect for the Bill of Rights and the balance of power that has been eroded in the last ten years?" .... and many others. - mpg

G.O.P. Donor Is Accused of Overcharging Pentagon
A quote...."The Democratic chairman of a House investigative committee presented documents to the Pentagon on Thursday charging that a top Republican fund-raiser, Harry Sargeant III, made tens of millions of dollars in profits over the last four years because his contracting company vastly overcharged for deliveries of fuel to American air bases in Iraq."
========== ========== ========== ========== ========== ========== ========== ====

Peril of Corporations Issuing Public Money
Special Note -- Some great quotes - mpg -- A quote...."

If the American people ever allow private banks to control the issue of their  currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of  all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

... The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -- *Thomas Jefferson*
========== ========== ========== ========== ========== ========== ========== ====

Good and Bad Credit
A quote...."It is true that credit is the key for economic growth. However, one must make a distinction between good credit and bad credit. It is good credit that makes real economic growth possible and thus improves people's lives and well-being. False credit, however, is an agent of economic destruction and leads to economic impoverishment."

'Great Depression' Lessons from 'It's a Wonderful Life'
A quote...."In the 1930s, disillusioned Americans might have embraced full blown socialism. The 'right wing' was spooked. The FBI considered 'It's a Wonderful Life' to be a subversive film, because it "deliberately maligned the upper class" and attempted to show that "people who had money were mean and despicable characters". They might do so again if it might avoid another Great Depression --still misunderstood by most writers, historians and economists."

Government’s Last Stand
A quote...."The money circle is closed. This is the ultimate in recycling. The Fed prints it and lends it to the Treasury who lends it to the banks who lend it to Americans who give it up to the Treasury. -- Charles E. Wilson was the chairman of General Motors Corporation (GM). In 1953, he said "because for years I thought what was good for the country was good for General Motors and vice versa." GM stock recently traded at $4 a share. Toyota’s market value is roughly 25 times that of GM."

The Guy Who Called It Right
A quote...."Major sources of future stress in the financial system remain. These include the risk of a credit default swap market blowout; the collapse of hundreds of hedge funds; the rising troubles of many insurance companies; the risk that other systemically important financial institutions are insolvent and in need of expensive rescue programs; and the risk that some significant emerging-market economies, and some advanced ones too (Iceland), will experience a severe financial crisis."

October 21st is Pay Day
Financial Warning - A quote...."October 10th was "D-Day", where D stands for "derivatives". That was the day that an auction for Lehman's $400 billion dollars worth of credit default swaps determined that sellers of swaps would have to pay out 91.375 cents on the dollar."

Credit Default Vultures Turn Focus on Main Street
Financial Warning - A quote...."As Markit analyst Paul Davies wrote yesterday:  'Credit derivative markets turned their attention away from financial armageddon towards plain old recession on Wednesday morning, pushing up the costs of protection on the main indices for the first time this week.'"

Have You Heard? Credit Default Swaps
Related Article - A quote...."You may recall that I have previously pointed out that the current Wall Street crisis was not caused by 1) Barney Frank, 2) Democrats forcing Fannie and Freddie to give liars loans, 3) poor people not being able to pay their mortgages....."

Fire or Ice: Are We Headed Towards Hyperinflation or Deflation
Special Note - A quote...."The most important debate among economists, high-level investment advisors and financial experts is whether the U.S. economy will heat up or cool down - that is, whether it will go into runaway inflation or deflation." -- This is the key question, and if as an investor you get it wrong, you could lose your shirt, along with your pants, shoes, socks and everything else you own, as has happened to many hedge funds recently.  - mpg -- See...The Dollar's Spike - 10-06-08 - mpg

Is China Shielded From Derivatives?
Special Note - Some quotes...."Conventional wisdom is that China is shielded from the derivatives hurricane battering the rest of the world."  --  "Is this true?"

Bank of New York Mellon Will Oversee Bailout Fund
A quote...."The Bank of New York Mellon was named the master custodian firm overseeing the Treasury Department’s $700 billion bailout fund, the agency announced Tuesday."
========== ========== ========== ========== ========== ========== ========== ====

Recession looms despite global interventions
A quote...."NEW YORK (Reuters) - Government steps to shore up the banking system and unfreeze credit markets showed some signs of progress on Thursday, but grim news from major economies reinforced fears of recession and hammered global markets."

Citigroup posts another loss amid credit woes
A quote...."Citigroup Inc. suffered its fourth straight quarterly loss and cut another 11,000 jobs, drubbed again by the relentless downturn in housing and turmoil in the financial markets. -- The New York-based bank said Thursday it lost $2.8 billion, or 60 cents per share, in the third quarter, compared with a profit of $2.2 billion, or 44 cents per share, a year ago. The deficit for the June-to-September period brings Citi's total losses over the past 12 months to $20.2 billion."

Merrill posts $7.5 billion third-quarter loss
A quote...."NEW YORK (Reuters) - Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on write-downs and credit losses on complex debt securities. The brokerage house, which last month accepted a takeover bid from Bank of America, said on Thursday that the net loss applicable to common shareholders widened to $5.58 per share from $2.3 billion, or $2.82 per share, a year earlier. The loss was worse than analysts' expectations of a $5.18 loss per share, according to Reuters' Estimates."

Birmingham on the brink (of bankruptcy) - link posted at ICH
A quote...."With $3.2 billion in debt, the county that is home to Alabama's largest city is about to go bust. How the credit crisis went South."

Philly Fed Oct factory activity crashes
A quote...."The Philadelphia Federal Reserve Bank said its business activity index slumped unexpectedly hard to -37.5 in October from 3.8 in September. That was its lowest since October 1990. - "The data, put simply, were horrendous coming out of the Philadelphia Fed region today," said Dana Saporta, economist at Dresdner Kleinwort in New York."

Home builders' confidence tanks in October
A quote...."WASHINGTON (MarketWatch) -- The doom and gloom mood in the U.S. home-building industry worsened in October as "profound uncertainties" about credit availability sent the home builders' sentiment index down to a record low, an industry trade group reported Thursday."

Crisis spreads to Eastern Europe as Ukraine, Hungary and Serbia call IMF
A quote...."A team of IMF trouble-shooters rushed to Kiev on Wednesay to draw up a possible standby loan to help Ukraine stabilize its bank after a panic run on deposits this month."

[British] Banks in bail-out scheme cannot pay dividends for five years under EU law
A quote...."Banks taking part in Gordon Brown's emergency bailout are to be banned from paying dividends for up to five years under European laws."

[British] Gradient [Capital] close to collapse as hedge funds feel heat
A quote...."One of London’s best known hedge funds, Gradient Capital Partners, is on the brink of collapse after dropping nearly 42pc in value last month." - One of many more to fail over the next two years. - mpg

Wednesday October 15th 2008
 
Can Obama See the Grand Canyon? - On Presidential Blindness and Economic Catastrophe
Must Read - A quote...."....my initial reaction to Wall Street's infamous 777.7 point plunge a few weeks ago was a very sixties retro elation. "Right on, Karl!" I shouted. "Eat your derivatives and die, Wall Street swine!" Like the Grand Canyon, the fall of the banks can be a terrifying but sublime spectacle. -- But the real culprits, of course, are not being trundled off to the guillotine; they're gently floating to earth in golden parachutes. The rest of us may be trapped on the burning plane without a pilot, but the despicable Richard Fuld, who used Lehman Brothers to loot pension funds and retirement accounts, merely sulks on his yacht. -- Out in the stucco deserts of Limbaughland, moreover, fear is already being distilled into a good ol' boy version of the "stab in the back" myth that rallied the ruined German petite bourgeoisie to the swastika. If you listen to the rage on commute AM, you'll know that ‘socialism' has already taken a lien on America, Barack Hussein Obama is terrorism's Manchurian candidate, the collapse of Wall Street was caused by elderly black people with Fannie Mae loans, and ACORN in its voter registration drives has long been padding the voting rolls with illegal brown hordes."

Capitalism Without Capital?
A quote...."Not only is our nation on the verge of bankruptcy, but so are its people and private institutions. We are now repeatedly hearing about businesses “needing to access the credit market to make payroll.” This is an unmistakable sign of more dire consequences ahead for the economy. If businesses must borrow just to make payroll, this is evidence of a severe undercapitalization that cannot be sustained, even for the short run."

Henry Hazlitt on the Bailout
Special Note - A quote...."Hazlitt delivers his "one lesson" in chapter 1, and proceeds to spend the rest of the book giving examples. His lesson, based on the work of Frédéric Bastiat, is that "the art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups." -- For example, in chapter 2, Hazlitt delivers the well-known "broken window fallacy" [a.k.a Military Keynesian] in which a hoodlum breaks a shopkeeper's window with a rock. The common folk see it as a tragedy, but an astute Washington bureaucrat could argue that it creates new jobs for glaziers. As Hazlitt points out, though, any resources that the shopkeeper spends on the new window would have been used elsewhere, perhaps for a new suit. So while the glazier gets new business, the tailor loses the same amount of business. There is no net benefit; in fact there is a net loss. Absent the hoodlum, the shopkeeper would have had both a window and a new suit; given the hoodlum, the shopkeeper has a window but no suit. Even though the damage was to the window, it is the suit that is lost to the shopkeeper and, hence, to society."

There Is No Quick Fix
A quote...."I am amazed at how the pundits and so-called experts continue to offer opinions on how to fix the economic worldwide meltdown. No one seems to want to go back and see what started it or explain how it started. Trickle down economics [(Anti-)Keynesianism's Last Stand] does not work and never did, but no one is willing to admit that and so we keep hearing band-aid ideas of how to fix the problem."

America’s Coup D’État in the Making: Deception and Self-Deception
A quote...."A merely self-serving desire for power cannot present itself as such. It must portray itself as a wish to assist others. How best to argue for giving you or your group great power? If you are able to persuade others that the present world is grossly oppressive and destructive of human happiness but that you can make it much better, those others may support mobilizing massive power and placing it in your hands or the hands of people like you. The more ambitious your scheme for benevolent change, the greater the need for power." -- bold by website editor

The October Surprise: Global Panic
A quote...."Since 9/11, the notion of an October surprise has been around. The idea going something like this. Another real or manufactured terror attack. The dominant media stokes fear. The public is again traumatized. The Bush administration pledges all effective measures to protect national security. Formerly seizes total power. Suspends the Constitution and declares martial law. Mass detentions follow. Beginning with dissenters and elements of the public considered "dangerous."
========== ========== ========== ========== ========== ========== ========== ====

Sage Observations PG's quotes posted 07-24-07

"The enemy aggressor is always pursuing a course of larceny, murder, rapine and barbarism. We are always moving forward with high mission, a destiny imposed by the Deity to regenerate our victims while incidentally capturing their markets, to civilize savage and senile and paranoid peoples while blundering accidentally into their oil wells."[and discovering that their oil wells are tapping our oil which somehow was misplaced under their land]
 -- *John Flynn*, 1944

"Men in authority will always think that criticism of their policies is dangerous. They will always equate their policies with patriotism, and find criticism subversive."
 -- *Henry Steele Commager*  - (1902-1998) Historian and author Source: Freedom and Order, 1966

"Those in power need checks and restraints lest they come to identify the common good for their own tastes and desires, and their continuation in office as essential to the preservation of the nation."
-- *Justice William O. Douglas* - (1898-1980), U. S. Supreme Court Justice Source: We, The Judges, 1956

"When the same man, or set of men, holds the sword and the purse, there is an end of liberty"
 -- *George Mason*

"We're not a democracy. It's a terrible misunderstanding and a slander to the idea of democracy to call us that. In reality, we're a plutocracy: a government by the wealthy."
 -- *Ramsey Clark*, former U.S. Attorney General

"Of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of plutocracy"
 -- *John Pierpont Morgan*
========== ========== ========== ========== ========== ========== ========== ====

Bush Declares Exceptions to Sections of Two Bills He Signed Into Law
Special Note - Why is this moron still in the White House???  Why did that piece of worthless crap Nancy Pelosi,  utterly fail to carry out her sworn, constitutional duty to impeach him? Why would anyone even think about voting  for her again....God Damn her to Hell, and all those who support her and her policy of letting this country become a dictatorship. - mpg -- A quote.... "WASHINGTON -- 15 Oct 2008 --  Bush used signing statements to assert a right to bypass more than 1,100 sections of laws.  President [sic] Bush asserted on Tuesday that he had the executive power to bypass several parts of two bills: a military authorization act and a measure giving inspectors general greater independence from White House control. Mr. Bush signed the two measures into law. But he then issued a so-called signing statement in which he instructed the executive branch to view parts of each as unconstitutional constraints on presidential power. In the authorization bill, Mr. Bush challenged four sections. One forbid the money from being used "to exercise United States control of the oil resources of Iraq"; another required negotiations for an agreement by which Iraq would share some of the costs of the American military operations there. The sections "purport to impose requirements that could inhibit the president’s ability to carry out his constitutional obligations," including as commander in chief, Mr. Bush wrote. In the other bill, he raised concerns about two sections that strengthen legal protections against political interference with the internal watchdog officials at each executive agency." -- Paragraph quoted from CLG -- For more on this issue see....Thirty Five Acts to Restore Americans' Rights 11-10-06 - mpg

It Was Always a War for Oil: Here’s the Proof
A quote...."Before Bush launched the Iraq War, I had a bumper sticker that said “No War for Oil.” - I got some one-finger salutes, and I remember a guy on a motorcycle screaming at me for several hundred yards. - Meanwhile, all the on-air cheerleaders for Bush’s war disputed the assertion that it had anything to do with that dirty three-letter-word oil. - But it all comes out sooner or later. - And now is later."

US Journalists & War-Crime Guilt- Posted at Consortium News
A quote...."CN Editor’s Note: This year, the U.S. news media cheered the opening of the $450 million Newseum in Washington, a self-congratulatory celebration of American journalism. - However, rather than giving themselves that expensive pat on the back, the major U.S. media organizations might have done something to show remorse for their complicity in the Bush administration’s propaganda that justified the invasion of Iraq. - As freelance journalist Peter Dyer notes, prosecutors at the Nuremberg Tribunals deemed such journalistic support for war crimes to be a capital offense: - October 16 is an anniversary that should hold considerable interest for American journalists who have written in support of ”Operation Iraqi Freedom” – the invasion and occupation of Iraq."

Key charges dropped against 'dirty bomb' Guantanamo suspect: documents
A quote...."The charges were dropped because they were based on "false confessions obtained through torture," according to an article in the Washington Post that interviewed Mohammed's lawyers." -- For more on this issue see.... The Convenient Silence of Guantanamo Bay - 05-31-08 - mpg
========== ========== ========== ========== ========== ========== ========== ====

9/11 Blueprint for Truth presented by Architect Richard Gage, AIA - (Google - 120 min  - Oct 31, 2007)
Video - Must View - Special Note - From the history file - A quote...."Oct 31, 2007 -- 9/11 Blueprint for Truth: The Architecture of Destruction Commercial architect Richard Gage (founder of Architects & Engineers for 9/11 Truth) presents a watertight case for controlled demolition of the three steel-building collapses at the World Trade Center, New York on 9/11/01. Includes physicist Steven Jones' updated evidence of thermite. Gage's website, www.ae911truth.org, is rapidly drawing building and engineering professionals to the 9/11 movement." -- See also....Speaking Engagements -- For more on this issue see....9/11 - WTC7 & 9/11 & It's Fallout - Videos

911 Mysteries - Full Version - High Quality Version (Google - 91 min  - Jul 15, 2007)
Video - From the history file - A quote...."Jul 15, 2007 -- This is a brand new public domain 9/11 Truth documentary about the controlled demolition of the World Trade Center complex."

Structural engineering council (CTBUH) casts doubt on NIST's WTC 7 Report.
A quote...."The Council on Tall Buildings and Urban Habitat (CTBUH) has published comments on the NIST WTC 7 Report. The CTBUH questions critical points of the NIST WTC 7 collapse theory and also highlights problems with the writing NIST report itself."
========== ========== ========== ========== ========== ========== ========== ====

The reality of war in Afghanistan
A quote...."DESPITE their differences over how to pursue the US war in Iraq, Senators John McCain and Barack Obama both want to send more American troops to Afghanistan. Both are wrong. History cries out to them, but they are not listening." -- Also posted at CommonDreams

Kabul Is Now Surrounded By The Taliban
A quote...."KABUL — At a gas station on the outskirts of Kabul, lounging in the shade of a transport truck, Mohammed Raza describes how he escaped death. -- Last month, a U.S. contractor promised him $10,000 if he'd drive a truck full of diesel from Kabul to Kandahar, offering seven times more than he could earn by transporting his usual shipments of sugar. But the Taliban forbid drivers from carrying fuel to the foreign troops, he said, and the insurgents run checkpoints on the road between Afghanistan's two largest cities. He rejected the offer. One of his friends took the assignment, he said, and the Taliban cut off his head."

Defections hit Afghan forces
A quote...."After fighting the Taliban for the past seven years, many working for the Afghan security forces are now switching sides. - Sulieman Ameri and his 16 men were until a month ago serving the Afghan government as police patrolling the border with Iran."

Iran criticizes western governments approach to Taliban
A quote...."Iranian Permanent Ambassador to United Nations Mohammad Khazaee said on Tuesday criticized attempts made by Western governments to hold negotiations with terrorist and extremist groups in Afghanistan. -- He told the Security Council meeting that Iran has extended extensive assistance to the Afghan people over the past several years and supports the democratic government in Afghanistan." -- It's so funny it brings one to tears.  The US gave BILLIONS of dollars to the Taliban over the years, all the while accusing Iran of supporting them and calling Iran a "terrorist" nation.  Let's make it totally clear, this website editor supports the legitimate national aspirations of the Pushton population in both Afghanistan and Pakistan that the Taliban is trying to represent. But this editor adamantly does not support the Taliban's US and Saudi sponsored al Qaeda elements and Salafist radicalism.   But it's funny.  It really truly is funny that the American people -- still -- after all this time, believe the non-stop garbage emanating from Washington DC and the Pentagon.

US elevates Pakistan to regional kingpin
A quote...."The hearings of the US congressional committees on intelligence in Washington in the past two successive weeks make it clear that the administration of President George W Bush has no intention of pressuring Pakistan over the resurgence of the Taliban in Afghanistan. "

You can picture it a year from now, one of those slack jawed pundits on FOX News saying, "yeah the Taliban, al Qaeda and Osama are our friends.....dah, drool, drool, you know....to help us get Iran."  --  Has anyone out there considered that the members of the Bush family are God's joke on America? - mpg -- posted 01-26-07
========== ========== ========== ========== ========== ========== ========== ====

Imperialist Strategic Thinking on Iran
A quote...."In a recent policy paper by the New American Foundation (among whose board members sits Francis 'End of History' Fukuyama), it is argued that the next U.S. administration must engage Iran with a 'grand bargain', which addresses both Iran and the U.S.'s strategic concerns. The paper argues that the piecemeal approach the U.S. has taken towards Iran has clearly failed to change the behavior of the regime in Iran, and a détente is not a desirable option. The only stable and strategically appropriate path to take is a full rapprochement.  -- The N.R.E.'s policy in a nutshell, if you can't beat them up or kill them to steal their resources, guess you'll just have to pretend to do business with them....until you can beat them up or kill them to steal their resources. - mpg

Iran Slams US Propaganda Effort
A quote...."TEHRAN (FNA)- US officials must end the practice of pointing to Iranian interference every time the Washington strategy for Iraq falters, Iranian officials said Tuesday.

China, Pakistan sign 10-plus deals as Zardari makes first Beijing trip
A quote...."BEIJING, Oct. 15 (Xinhua) -- China and Pakistan on Wednesday signed more than 10 deals ranging from trade and minerals to agriculture and satellites."

Berlusconi wants Russia to join EU
A quote...."European leaders meeting in Brussels have postponed talks on a new Russia-EU partnership agreement. The issue is now expected to be shelved until November 14, when a summit between Russia and Europe is held in Nice. In a surprise move, Italy’s Silvio Berlusconi said Russia should be in the EU."

Blueprint finalised for Arab common market
They could have done this over thirty years ago, instead they (especially the Saudi Royals) let the N.R.E. and Israel play each of them off against the other. - mpg -- A quote...."The Council of Arab Economic Unity has finalised a blueprint to set up a customs union that will lead to the establishment of an Arab common market, the official MENA news agency reported Wednesday."

Belarus starts major military drill with Russia
A quote...."MOSCOW, Oct. 15 (Xinhua) -- Belarus started Wednesday a massive month-long military exercise which will involve troops from Russia, according to reports reaching here. -- The week-long Fall-2008 operational and tactical exercises will involve some 8,500 servicemen, 40 aircraft, 60 tanks, 250 armored vehicles and nearly 40 artillery batteries, said Belarusian media."

Ex-Soviet states to hold joint air defense drills in 2009
A quote...."ST. PETERSBURG, October 15 (RIA Novosti) - Members of the Commonwealth of Independent States have agreed to conduct joint air defense exercises in the summer of 2009, the Russian defense minister said on Wednesday."

Russia DM opens 55th meeting of Council of CIS DMs in Petersburg
A quote...."PETERSBURG, October 15 (Itar-Tass) - Russian Defense Minister Anatoly Serdyukov opened the 55th meeting of the Council of the Defense Ministers of the CIS states here on Wednesday."

UN court throws out Georgian claim against Russia
Special Note - A quote...."The International Court of Justice in The Hague has rejected a request from Georgia to prosecute Russia over the conflict in the Caucasus. The court also called for both parties to do everything possible to protect human rights in areas hit by the conflict."

New Discoveries Reveal US Intervention in Bolivia
Special Note - A quote...."I made my first request of US government documents about Bolivia in 1997 and since then have made subsequent requests for information, ranging from American embassy communiques in La Paz to USAID grant requests. The information below reveals a clear policy of US intervention and meddling in Bolivia´s internal affairs. Almost all the time, this has been done without the knowledge and at the expense of the American taxpayer."

Bolivian TV host charged in anti-Morales riots
A quote...." LA PAZ, Bolivia --  Bolivian police say they have arrested a political activist and television host for allegedly inciting riots against President Evo Morales. -- Local opposition party leader Jorge Melgar is accused of heading a mob that sacked government offices and seized a small airport in the Amazonian town of Riberalta last month."

Minister Calls on Venezuelans to Repatriate Their Investments in the U.S
A quote...."Mérida, October 10, 2008 (venezuelanalysis.com)-- As world stock markets tumble, a range of economic experts met in Caracas to discuss alternative solutions to the crisis. Venezuela's Minister for Planning and Development, Haiman El Troudi, highlighted the relative strength of the Venezuelan economy and called for Venezuelan resources invested in the United States to be repatriated."

Whistleblower: Oil watchdog agency 'cult of corruption'
A quote...."HONOLULU, Hawaii (CNN)  -- Bobby Maxwell kept a close eye on the oil industry for more than 20 years as a government auditor. But he said the federal agency he worked for is now a "cult of corruption" -- a claim backed up by a recent government report."

The GOP Escalates Its Nutty Attacks on ACORN
A quote...."In recent weeks, conservatives have escalated their attacks on ACORN, the Association of Community Organizations for Reform Now. Conservative lawmakers were able to remove a provision aimed at aiding low-income housing programs from the Bush administration's $700 billion economic bailout bill by calling it a "slush fund" for ACORN. "

Cheney experiencing abnormal heart rhythm - Hah, they keep pretending he has one. - mpg
A quote...."Vice President Dick Cheney, who was scheduled to make a fundraising appearance today in Homer Glen, has canceled, according to Andy Seré, spokesman for 11th Congressional district GOP candidate Marty Ozinga," the Chicago Tribune reported early Wednesday morning."
========== ========== ========== ========== ========== ========== ========== ====

Hedge Funds' Derivatives Exposure and Margin Calls Driving Stock Market Crash
Red Financial Warning -- A quote...."Leading economist Nouriel Roubini explains in bullet-point form how hedge funds are driving the stock market collapse. Take careful note of how credit default swaps are a key factor in the stock market sell-off, and how another type of derivative - "collateralized fund obligations" - may be the next shoe to drop:" -- For more on this issue see....The Dollar's Spike - 10-06-08 - mpg

Europe fumes over Wall Street meltdown
Must View Video - Financial Warning - A quote...."The economic meltdown on Wall Street has sent shockwaves across the globe. Political economist William Engdahl believes the "US faces an economic depression that will be worse than the Great Depression of the 1930's." He goes on to state that "European goverments are furious at the corruption and fraud that has come out of the New York financial community."

The Great Reagan Pyramid Scheme Comes Crashing Down
A quote...."The Republican Party that Nixon invented melded the moneyed classes of the Northeast with the white evangelicals of the South. This odd couple went on to simultaneously steal from and oppress the rest of us. The moneyed classes were happy to let the New Puritans impose their stringent morality, since they could always just buy any licentiousness they wanted, regardless of the law."

Ben Bernanke: Who the hell do you think you are?
A quote...."It was reported by CNN financial analyst Ali Velshi that upon your arrival to the Hill that he asked if you agreed that the country was in recession but he was pushed aside by one of your security people. He then asked the question again and you turned your back on him. Just whom do you think you are Sir, to act as if you are not responsible to the people, by answering a legitimate question about the disaster we find ourselves in. You Sir, the last time I checked are appointed to the position you hold and therefore are a public servant and are obliged to answer questions that the public has a right to know. You may view yourself as being above the common man and therefore entitled to the arrogance displayed toward Mr. Velshi but you might wish to look at the latest polls, showing Americans displeasure with the current administration and it’s minions."

Financial Hurricane Batters World Capitalism
A quote...."The analysis that follows is framed by these core points:
  1. There is an essential relationship between the vast enlargement of the financial sector in the U.S., and the general phenomenon of financialization, and the deepening globalization of capitalist production of the last 15 years. And central to this dynamic has been the relationship between U.S. imperialism and China.
  2. Through the course of this growth and expansion, severe imbalances have built up between the financial system—and its expectation of future profits—and the accumulation of capital, that is, the structures and actual production and reinvestment of profit based on the exploitation of wage-labor.
  3. A “dirty little secret” of this crisis is the enormous weight of militarization of the U.S. economy.
  4. This crisis is a concentrated expression of the anarchy of capitalist production—the fact that production is not carried out according to any conscious, rational plan at the society-wide level, much less at the international level
Yes!! It's a miracle!!!
A quote...."I could hear them whispering to each other behind that closed and locked door, and they were saying, in shocked tones, that "The Federal Reserve, on its own initiative, began passing out the cash - $49 billion last Wednesday alone went to the banks. That same day, the Fed lent $146 billion to investment firms. By the time people went home for the weekend, $410 billion had passed from the Fed to private firms. The money was lent, says the Bloomberg report, at about 2.25% interest." -- As a point of reference, I got an e-mail where Oliver Garret of Casey Research by way of The Daily Reckoning which said, "To put this amount into perspective: if you had spent one million dollars a day, from the birth of Christ until today, you would have only spent about $732 billion."

Public Ownership, But No Public Control - The Partial Nationalization of US Banks
A quote...."Over the next several months, we're going to see a lot more moves like this. Government interventions in the economy that seemed unfathomable a few months ago are going to become the norm, as it quickly becomes apparent that, as Margaret Thatcher once said in a very different context, there is no alternative." -- There WERE, and probably still are, lots of other alternatives, but they involve the "Vampire Elites" making less money or – gasp - even losing their privileged place in the "Ponzi Pyramid Scheme of Life." - mpg
========== ========== ========== ========== ========== ========== ========== ====

Biggest US car firms may seek bail-out from government
A quote...."General Motors, the troubled US carmaker which owns Vauxhall in Britain, has not ruled out going to the government for a financial bail-out and has been in merger talks with local rival Chrysler, after its shares lost half their value last week."

U.S. Could Guarantee $2 Trillion For Banks - posted at ICH
A quote...."14/10/08 -- (AP) -- WASHINGTON - The government may guarantee nearly $2 trillion in U.S. banks' debt and deposit accounts for more than three years in an effort to break the crippling logjam in bank-to-bank lending. -- That's the equivalent of about 20 percent of the national debt, which recently blew past $10 trillion, and roughly 14 percent of U.S. gross domestic product — the economy's total output of goods and services.

Total Bailout Cost Heads Towards $5 TRILLION - Not really, that figure is probably only the first down payment.
A quote...."The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure. -- Analysts have previously marked out the $5 trillion figure as the actual cost, now those predictions are becoming demonstratively accurate."

The 56 Trillion Dollar Deficit - (YuTb - 6min) - By the time this is over, you can double that figure. mpg - @ ICH
Video - A quote...."Comptroller General David Walker, explains that we have a debt of $480,000 per US household?"

CDC: U.S. infant mortality [rate goes up - the US] drops to 29th - Welcome to the 3rd world N.R.E. - mpg
A quote...."HYATTSVILLE, Md., Oct. 15 (UPI) -- The U.S. infant mortality rate continued to worsen, dropping to 29th in the world in 2004, from 27th in 2000 and 12th in 1960, national health officials say.
========== ========== ========== ========== ========== ========== ========== ====

Retail sales plunge 1.2 percent in September
A quote...."WASHINGTON - Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown."

U.S. Oct. Empire State index falls to record low -24.6
A quote...."WASHINGTON (MarketWatch) -- Manufacturing activity in the New York area deteriorated sharply in October, the New York Federal Reserve Bank said Wednesday. The bank's Empire State Manufacturing index fell to a record negative 24.6 in October from negative 7.4 in September."

[British] Jobless total 'will hit 3m': - link posted at ICH
A quote...."The growing army of the jobless is set to number three million by the time of the next election, economists warned Gordon Brown yesterday. -- They predicted levels of unemployment not seen in two decades on the back of the biggest three-month leap in the count since 1991."

========== ========== ========== ========== ========== ========== ========== ====

101508-102108 - links page

========== ========== ========== ========== ========== ========== ========== ====