The Writing on the Wall Series #59: Economic Meltdown & Financial Putsch
There is much to say about the current disintegration of the capitalist dream of ever more profits for the few at the expense of the many. The only voice I've heard so far that partly brought into focus the fact that capitalism itself - the current casino markets driven by the greed madness of speculators - is to be blamed for the financial ills of this world is French president Nicolas Sarkozy in his UN address. But MANY others have also addressed this issue...
"Ponzi" Casino Capitalism Discredited - Risk of Global Monetary Crisis (September 22, 2008) http://news.goldseek.com/GoldSeek/1222062840.php
Gold and silver surged last week (up 13% and 15% respectively) as the financial crisis deepened considerably and there was a realisation that the "ponzi" casino capitalism of recent years has critically wounded the US financial system and done serious damage to the global financial system. (...) The dollar, the reserve currency of the world, is also likely to come under serious pressure again as the epicentre of the crisis remains on Wall Street and in the US financial system. Some notable commentators have rightly warned of the possibility of a US default on its huge debt obligations. Given the extent of financial contagion a dollar crisis and wider global monetary crisis is not beyond the bounds of possibility as the unthinkable increasingly becomes more thinkable. CLIP
Ultimate Cost of Bailout Could Be Capitalism (September 22, 2008) http://www.smartmoney.com/tradecraft/index.cfm?story=Ultimate-Cost-of-Bailout-Could-Be-Capitalism&cid=1122&hpadref=1
Without so much as a single vote, the supposedly fiscally conservative Bush administration has achieved an economic coup d'etat, completely abandoning the free-market principles on which this country was built. In its place is crony capitalism in which individual property rights and the proper role of government -- as referee, not starring actor -- has disappeared altogether. The icing on the cake: The trillion-dollar price tag that accompanies Paulson's plan is being paid for by lifting the ceiling on the federal debt to $11.3 trillion, having already been raised earlier this year. CLIP
Just as communism has been totally discredited, capitalism is undergoing the same fate and something else will emerge to replace this unsustainable monstrosity. The question is... Will an elite decide again for everyone else what is good for us all, or will the people empower themselves this time to be the change they want to see in the world?
Time to shift from dirty greed to loving compassion...
NOTE: I'm sorry but I've been unable to give time to prepare the new Healing Focus proposal I mentioned in my last compilation, because harvesting the garden and several other urgent tasks had to be prioritized. I'll get to this soon... hopefully ;-)
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"While scarcity consciousness is still the order of the day and principal motivating factor for many human beings nowadays, there will soon come a time when such thinking will simply be obsolete and useless once the connection with the infinite abundance that comes with synchronizing one's life with the Higher Purpose of existence is achieved. Yet it is required to anchor now this emerging awareness of God-given universal abundance in the field of all human consciousness for it to flourish and soon be recognized as the natural state of being, the same that most other life forms on Earth are already attuned to, as part of their natural instinct."
"I can say this of all of these: uniformly their agenda is the loving advancement of you as a race and your planet as a whole. We wish for you to awaken to your membership of the brotherhood of all star races. When this occurs this raising of consciousness will ripple out and this entire galaxy will be uplifted. Your planet is the lynch-pin in the whole story."
- Adamu -- Taken from Zingdad: Adamu speaks below - MOST AMAZING/REVEALING and HIGHLY recommended to your attention...
1. U.S. FOREIGN POLICY
2. Protecting the public interest in any economic "bailout" -- $2300 in shares for each American
3. Now is the Time to Resist Wall Street's Shock Doctrine
4. The financial meltdown explained
5. The Inevitable End of the Central Banking and Political Money Regime
6. Keiser: US dollar "backed by bananas"
7. The unknown 20 trillion dollar company
8. Congressional Leaders Stunned by Warnings
9. Billions for Bailouts! Who Pays?
10. The Credit Crisis : a 60 year bubble finally bursts
11. The Pickens Plan
12. Holding US Officials Responsible for War Crimes termed a Matter of Urgent Importance
13. Drill, Drill, Drill
14. Hurricane Cover-up: Reporters not allowed on west side of Galveston
15. Worldwide Slavery
16. Phase out coal and burn trees instead, urges leading scientist
17. RAF officer breaks 37-year silence on UFO radar mystery
18. 10 powerful requests for today
19. Zingdad: Adamu speaks
WORTHY OF YOUR ATTENTION
"Adamu" through Zingdad: planetary first contact PART ONE - (9 min 47 sec) Quite interesting! http://uk.youtube.com/watch?v=WnHdR2GZ3a8
Magenta Pixie introduces Zingdad of http://www.book-of-light.com who channels "Adamu" bringing forth information regarding the timeline where a large lightship shall be visible to us around mid-October this year.
Adamu part 2 http://www.youtube.com/watch?v=Vb029q4LJ_0
This first mission is a "hello wave". They do not intend to land and they do not intend to meet us personally from the ship on this first mission. They are simply allowing us to understand that they exist. For those of us that don't know this. And alleviating the doubts of the rest of us. This is the very gentlest of insertions of themselves into our consciousness. Then we can have a little time to make sense of this and re-arrange our minds around this new knowledge. And assuredly re-arrange our world too. This is about allowing us to KNOW that they exist and then decide what we are going to do about that. If we move (as it is believed that we will) in a love-wise direction and begin to call for them to visit directly then that eventuality will begin to come into focus. But baby-steps first, friends! Some of us have been waiting our whole lives for this. Our space brothers have been waiting millenia! A little more patience won't kill us, right?
NOTE: The whole transcript (slightly different version) of these 2 videos above - and MUCH MORE! - is included at the end of this compilation in Zingdad: Adamu speaks
Dolphin play bubble rings - FASCINATING! http://uk.youtube.com/watch?v=TMCf7SNUb-Q
This video is of dolphins playing with silver colored rings which they have the ability to make under water to play with. It isn't known how they learn this, or if it's an inbred ability. As if by magic the dolphin does a quick flip of its head and a silver ring appears in front of its pointed beak. The ring is a solid, donut shaped bubble about 2-ft across, yet it doesn't rise to the surface of the water! It stands upright in the water like a magic doorway to an unseen dimension. The dolphin then pulls a small silver donut from the larger one. Looking at the twisting ring for one last time a bite is taken from it, causing the small ring to collapse into a thousands of tiny bubbles which head upward towards the water's surface. After a few moments the dolphin creates another ring to play with. There also seems to be a separate mechanism for producing small rings, which a dolphin can accomplish by a quick flip of its head. Recommended by Jamara Gruber (email@example.com)
Hurricane Ike news blackout on dead bodies Bolivar Crystal Beach http://uk.youtube.com/watch?v=Ge0dxJfxsa8
News 13 in Houston reveals there is a news blackout on the truth of the fatality numbers. Government officials are not being honest on the real story of the dead from hurricane Ike.
No Blank Check for Wall Street http://act.credoaction.com/campaign/no_blank_check/?r_by=912-867899-Lns5SCx&rc=confemailThanks!
Congress is on the brink of making a one-sided deal to give George W. Bush a blank check to bail out his pals - offering nearly (or perhaps more than) a trillion taxpayer dollars to Wall Street to cover its bad debts. That works out to somewhere between $2000 and $5000 from every American family. So what do the taxpayers get in return? Nothing. No new regulation or oversight to help avoid this kind of crisis in the future. No public interest givebacks to help people whose homes are in the hands of the banks. Perhaps most shockingly of all, the taxpayers get absolutely no share in the profits if and when these finance giants bounce back, even though we are now assuming a great deal of the risk. This is worse than a bad deal - this isn't a deal at all. This is a blank check to some of the richest companies in the world. Please sign a petition calling on key members of Congress to impose a few sensible conditions to this bailout in order to protect the American people. Please have a look and take action!
Ron Paul Warns of Coming Chaos (22 July 2008) http://uk.youtube.com/watch?v=C_VEE3dlCXQ
Texas Congressman Ron Paul has warned the House that he is "convinced the time is now upon us that some Big Events are about to occur." that will cause liberty to go "into deep hibernation". Paul told the House: "These fast-approaching events will not go unnoticed. They will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed." "There are reasons to believe this coming crisis is different and bigger than the world has ever experienced. Instead of using globalism in a positive fashion, it's been used to globalize all of the mistakes of the politicians, bureaucrats and central bankers." Paul continued. In one of Paul's most memorable speeches to date, the Congressman spoke of rampant authoritarianism having replaced the principles of liberty that the United States was founded upon and warned that current empire building financed through inflation and debt signals a most frightening period in history.
Hundreds of new animal species discovered (Sept. 19, 2008) -- With stunning pictures! http://www.msnbc.msn.com/id/26786412/
Australian scientists discover brilliant soft corals, tiny crustaceans on reefs SYDNEY, Australia - Marine scientists have discovered hundreds of new animal species on reefs in Australian waters, including brilliant soft corals and tiny crustaceans, according to findings released Thursday.The creatures were found during expeditions run by the Australian chapter of CReefs, a global census of coral reefs that is one of several projects of the Census of Marine Life, an international effort to catalog all life in the oceans."People have been working at these places for a long time and still there are literally hundreds and hundreds of new species that no one has ever collected or described," said Julian Caley, a scientist from the Australian Institute of Marine Science who is helping to lead the research. CLIP
Top 25 Censored Stories for 2009 http://www.projectcensored.org/top-stories/category/y-2009/
* #1. Over One Million Iraqi Deaths Caused by US Occupation
* # 2 Security and Prosperity Partnership: Militarized NAFTA
* # 3 InfraGard: The FBI Deputizes Business
* # 4 ILEA: Is the US Restarting Dirty Wars in Latin America?
* # 5 Seizing War Protesters Assets
* # 6 The Homegrown Terrorism Prevention Act
* # 7 Guest Workers Inc.: Fraud and Human Trafficking
* # 8 Executive Orders Can Be Changed Secretly
* #9 Iraq and Afghanistan Vets Testify
* # 10 APA Complicit in CIA Torture
* # 11 El Salvadors Water Privatization and the Global War on Terror
* # 12 Bush Profiteers Collect Billions From No Child Left Behind
* # 13 Tracking Billions of Dollars Lost in Iraq
* # 14 Mainstreaming Nuclear Waste
* # 15 Worldwide Slavery
* # 16 Annual Survey on Trade Union Rights
* # 17 UNs Empty Declaration of Indigenous Rights
* # 18 Cruelty and Death in Juvenile Detention Centers
* # 19 Indigenous Herders and Small Farmers Fight Livestock Extinction
* # 20 Marijuana Arrests Set New Record
* # 21 NATO Considers First Strike Nuclear Option
* # 22 CARE Rejects US Food Aid
* # 23 FDA Complicit in Pushing Pharmaceutical Drugs
* # 24 Japan Questions 9/11 and the Global War on Terror
* # 25 Bushs Real Problem with Eliot Spitzer
UK experts say Stonehenge was place of healing http://news.yahoo.com/s/ap/eu_britain_stonehenge;_ylt=AgIb4c0SbLOHg4EEieVdC2is0NUE
LONDON - The first excavation of Stonehenge in more than 40 years has uncovered evidence that the stone circle drew ailing pilgrims from around Europe for what they believed to be its healing properties, archaeologists said Monday. Archaeologists Geoffrey Wainwright and Timothy Darvill said the content of graves scattered around the monument and the ancient chipping of its rocks to produce amulets indicated that Stonehenge was the primeval equivalent of Lourdes, the French shrine venerated for its supposed ability to cure the sick. An unusual number of skeletons recovered from the area showed signs of serious disease or injury. Analysis of their teeth showed that about half were from outside the Stonehenge area. CLIP
WiseUSA '08 http://uk.youtube.com/watch?v=qCzffrwiZ5E
WiseUSA O8 is a global non-partisan program to bring the world together in meditation and prayer during the US 2008 election season. Join people all around the world in meditation, prayers, and celebration to support wise leadership emerging in the USA for the benefit of the entire Earth Community. WiseUSA O8 begins on October 1 with a series of teleconferences and audio webcasts featuring spiritual leaders from around the world and will culminate in a 13-day Intensive Program from October 25 November 6. The highlight of the Intensive Program will be a Global Ceremony on Sunday November 2 featuring meditation, prayer, and music at public gatherings in four major US cities. All four cities will be linked by videoconference and the multi-city ceremony will be broadcast via live audio to a global online audience. Join us! Sign up or learn more at www.wiseusa.net!
Democrats Reject $700 Billion Blank Check http://www.truthout.org/article/democrats-reject-700-billion-blank-check
Carolyn Lochhead, The San Francisco Chronicle: "Congressional Democrats worked Monday to reshape the lame-duck Bush administration's jaw-dropping request for an additional $700 billion and unprecedented authority to buy distressed assets to prevent a financial meltdown, amid a sense of deja vu on Capitol Hill over a similarly open-ended war resolution that Congress gave the administration six years ago."
Mushroom Cloud over Wall Street By Mike Whitney (21/090/0) http://news.yahoo.com/s/ap/meltdown_markets;_ylt=AnTbL5Gjn7V73F9zcYA5.5Ss0NUE
NEW YORK - Elation in the financial markets over the $700 billion bank bailout plan evaporated Monday and was replaced by all-too-familiar anxiety, pummeling stocks and sending oil prices to their biggest one-day gain. Worries that the rescue package would cost too much, drive up inflation, swell the already-bloated deficit and hurt the ailing economy also led global investors to flee the U.S. dollar. (...) The Bush administration is already forecasting that the federal deficit will hit a record $482 billion next year. Analysts say the bailout costs mean a $1 trillion annual deficit is not out of the question."When you try to print $1 trillion, that will kill your currency, lifting oil prices, which then in turn will not help the stock market," said Gary Kaltbaum, who runs the money management firm Kaltbaum and Associates in Orlando, Fla. "It is a vicious cycle, and we are seeing that right now."Lacking specifics, many investors especially foreigners sold U.S. dollars on worries that paying for the plan would increase the federal deficit and exacerbate inflation. Over the past year, overall inflation is at 5.4 percent. (...) As Wall Street sold off, Washington was tinkering with the plan, trying to find a compromise that Congress and the Bush administration could present to American taxpayers who would be footing the bill."The whole world is watching," President Bush said, prodding Congress to quickly pass the plan. By the time markets closed Monday, the Bush administration and leading lawmakers had agreed to tack mortgage help for homeowners and strong congressional oversight on to the legislation, said Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee.Even assuming it passes, the bailout might not be a quick fix for the economy or financial markets.According to research by economists at Merrill Lynch, after the Resolution Trust Corp. was established in 1989 to stop the savings and loan crisis, it took a year for the stock market to hit bottom, two years for the economy and three years for the housing market.After Japan put a bailout plan in place, its stock market took another five years to recuperate, and by some measures, its economy still hasn't had a sustainable recovery, according to Merrill's chief North American economist, David Rosenberg."This is a complicated process that will encumber the economy for many years," Battipaglia said.
Paulson: Foreign banks can use U.S. rescue plan (Sep 21) http://news.yahoo.com/s/nm/20080921/bs_nm/financial_bailout_paulson_dc;_ylt=A0wNcwLIR9ZInOEAlz9Z.3QA
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said Sunday that foreign banks will be able to unload bad financial assets under a $700 billion U.S. proposal aimed at restoring order during a devastating financial crisis. "Yes, and they should. Because ... if a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution," Paulson said on ABC television's "This Week with George Stephanopolous." Paulson was appearing on the Sunday television talk show circuit to provide details about the U.S. government plan for a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt. CLIP
Paulson Bailout Plan a Historic Swindle http://www.truthout.org/article/paulson-bailout-plan-a-historic-swindle
William Greider, The Nation: "Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. That is the meaning of the massive bailout Treasury Secretary Henry Paulson has shopped around Congress. It would relieve the major banks and investment firms of their mountainous rotten assets and make the public swallow their losses - many hundreds of billions, maybe much more. What's not to like if you are a financial titan threatened with extinction?"
Top Economist: Americans Should Worry About Bank Deposits if Congress Doesn't Act (Sep 15, 2008) http://tinyurl.com/6oodex
With the "financial storm of the century" hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $100,000, the reaction to IndyMac's failure this summer -- lines outside retail branches -- shows Americans have limited faith in the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,00 But Americans are justified to be worried, says Nouriel Roubini, of NYU's Stern School and RGE Monitor, who notes there is already a "slow-motion run on retail banks" occurring nationwide. That "run" could accelerate as people realize the FDIC fund has about $50 billion to "insure" about $1 trillion in assets at the nation's financial institutions, says Roubini. "They're going to run out of money" unless Congress acts soon to recapitalize the FDIC.In addition, the recent spike in number of banks on the FDIC's "troubled list" is only through June, meaning even that inflated number understates the problem.The intent here isn't to add to people's anxieties, but Roubini is one of the few market watchers to correctly predict the severity of this ongoing credit crisis. If nothing else, he says people with accounts exceeding $100,000 in value should spread their money - and the risk - among different firms.
With the September 15, 2008 Economic 9/11, Are We Facing Depression Like 1929? http://www.earthfiles.com/news.php?ID=1473&category=Environment
(...) A Great 2008-2009 Depression? The Feds cannot print enough money to save the day. Were going into the worst depression that any living person has ever seen. Its going to be worse than the Great Depression of 1929.Do you realize that Barack Obama recently said that he would not rescind the Bush tax cuts. He said this on ABC, September 7, 2008, IF the economy were in a recession. IF the economy is in RECESSION?! This is worse than a recession! Were going into the greatest depression and people better beware.Ill tell you what I know other people are doing. They are taking their money out of the banks. People with a lot of money are moving it overseas into what they think are safer banks. Theres going to be a day here in the United States that the authorities are going to call a Bank Holiday. AIG is calling for more than $40 billion today. The Feds just bailed out Freddie Mac and Fannie Mac to the tune that could cost taxpayers up to $300 billion or more. Our national debt has been increased to at least $12 TRILLION! The Feds cannot print enough money to save the day.So, we believe what the government is going to do is call a bank holiday. Youre going to hear all those fat mouths out there that were saying that everything was OK, the FDIC was going to insure your money. But, Linda, no one is going to be able to get it out all at once. Just like they did in Argentina and they did it in Brazil when their economies collapsed and their currencies collapsed and their economies were sinking. Youre not going to be able to get all your money out at one time. Our government is going to say, Its insured. Dont worry about it, but we need to pause. Take a deep breath. Oh, boy, do they love that phrase! Take a deep breath. CLIP
Millions spend half of income on housing (Sep 23, 2008) http://news.yahoo.com/s/ap/20080923/ap_on_bi_ge/cash_strapped_homeowners
MIAMI - Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. (...) "I barely have money to survive," he said.Ray is one of more than 7.5 million people almost 15 percent of American homeowners with a mortgage who are spending half of their income or more on housing costs, according to 2007 data released Tuesday by the U.S. Census Bureau. That is up from nearly 7.1 million the year before.Traditionally, the government and most lenders consider a homeowner spending 30 percent or more of their income on housing costs to be financially burdened. But that definition now covers almost 38 percent of American homeowners with a mortgage 19 million of them. CLIP
First Fear, Then Loathing, Toward Wall Street http://www.truthout.org/article/first-fear-then-loathing-toward-wall-street
Allison Linn, MSNBC.com: "As Americans digest a dizzying series of events that has left Wall Street shaken to its core, the mood on Main Street is shifting from fear to loathing. They are angry that government regulators did not do enough to prevent this - and protect them - in the first place. They are upset the government is proposing billions of dollars in bailouts for Wall Street, even as many regular Americans are struggling to hang onto their homes and pay their bills."
For The Love Of Money: The following is based on When Corporations Rule the World By David C. Korten http://www.informationclearinghouse.info/article20829.htm
(...) Most everyone is aware that we live in an unequal world. Few realize, however, just how extreme the inequality has become or how fast the gap between the poor and the super rich is growing. Forbes tells us the world now has 358 billionaires. Their combined net worth exceeds the combined net worth of the world's poorest 2ł billion people. This is but one manifestation of the extreme economic and social distortions created by the globalized free market economy idealized by business publications such as Forbes and Business Week. CLIP
US economy: Rudderless and reeling from direct hits (Sept 17, 2008) http://onlinejournal.com/artman/publish/article_3754.shtml
(...) The traditional practice of fleeing to the US dollar and US Treasury bonds during periods of financial stress and uncertainty has boosted the dollar and kept interest rates low. But sooner or later the large US budget deficit, worsened by recession and bailouts, and the large trade deficit, which requires constant recycling of dollars held by foreigners into US financial and real assets, will result in renewed effort on the part of foreigners to lighten their dollar holdings. When this time arrives, US interest rates will have to rise in order for the government to be able to continue to rely on foreigners to recycle the dollars acquired in trade to finance the US governments annual budget deficit. The current financial problems have pushed into the background the larger problems of the US budget and trade deficits. Goods and services for American markets that US corporations outsource offshore return as imports, which widen the US trade deficit. Moving production offshore reduces US GDP and employment and increases foreign GDP and employment. Moving production offshore reduces the export capacity of the US economy while raising the import bill. Therefore, how is the trade deficit to be closed? One way is through the dollars loss in exchange value, which would reduce American consumers real incomes and leave them too poor to purchase the offshored goods and services. How is the budget deficit to be closed when jobs are disappearing and GDP (tax base) is being relocated offshore? Not by higher taxes. Higher taxes are problematic for a recessionary economy in which unemployment, properly measured, is already in double digits (www.shadowstats.com). Some people have speculated that the budget deficit will be closed by dismantling entitlement programs such as Medicare. However, considering the cost of medical insurance, this would be catastrophic for tens of millions of older Americans. The more likely avenue will be a raid on private pensions. The Clinton administrations appointee, Alicia Munnell, as assistant secretary of the Treasury for Economic Policy, argued that private pensions should face a capital levy to make up for the fact that their accumulation was tax free. I expect that the federal government, faced with its own bankruptcy, will resurrect this argument, as it will be preferable to printing money like a banana republic or Weimar Germany. In the 21st century, the US economy has been kept going by debt expansion, not by real income growth. Economists have hyped US productivity growth, but there is no sign that increased productivity has raised family incomes, an indication that there is a problem with the productivity statistics. With consumers overloaded with debt and the value of their most important asset -- housing -- falling, the American consumer will not be leading a recovery. A country that had intelligent leaders would recognize its dire straits, stop its gratuitous wars, and slash its massive military budget, which exceeds that of the rest of the world combined. But a country whose foreign policy goal is world hegemony will continue on the path to destruction until the rest of the world ceases to finance its existence.Most Americans, including the presidential candidates and the media, are unaware that the US government today, now at this minute, is unable to finance its day-to-day operations and must rely on foreigners to purchase its bonds. The government pays the interest to foreigners by selling more bonds, and when the bonds come due, the government redeems the bonds by selling new bonds. The day the foreigners do not buy is the day the American people and their government are brought to reality. This is not the financial position of a superpower.
Will AIG plan cost taxpayers money, or just sleep? (September 17, 2008) http://biz.yahoo.com/ap/080917/aig.html
Uncle Sam's $85 billion bet on insurer AIG could pay off, but places taxpayers money at risk -- WASHINGTON (AP) -- American taxpayers awoke Wednesday to learn they may end up owning one of the world's largest insurers. They might now lose some sleep wondering whether the government's $85 billion loan to American International Group Inc. was a wise investment.ADVERTISEMENT If the gamble succeeds, the company nurses itself back to health, unhinged financial markets calm down and taxpayers turn a profit.If it fails, the American public feels the hit -- and possibly finds itself rescuing other major financial institutions, swelling the deficit and potentially driving up interest rates on mortgages, student loans and other debt.Analysts said Wednesday the odds are pretty high that the rescue will be a good investment for taxpayers, with AIG paying off the loan at a relatively high interest rate and the government potentially making money off its nearly 80 percent equity stake in the company. In 1979, the U.S. guaranteed $1.2 billion worth of loans to the struggling automaker Chrysler. When the company rebounded four years later, the government reaped more than $300 million in profits. While relatively unknown on Main Street before Wednesday, AIG is a colossus on Wall Street and financial districts around the globe, with operations in more than 130 countries and $1 trillion in assets on its balance sheet.Besides life, property and other insurance offerings, AIG provides asset-management services and airplane leases. Its myriad businesses are also linked to mutual funds, annuities and other retirement products held by millions of ordinary Americans. But perhaps the biggest concern about AIG is the dizzying array of complex financial instruments it structured for commercial banks, investment banks and hedge funds around the globe -- many of which were directly or indirectly linked to the value of U.S. mortgages."AIG is in this mess because they got leveraged up to their eye balls," said Professor John Coffee of Columbia University Law School. CLIP
How the Masters of the Universe ran amok and cost us the earth (16 September 2008) http://thescotsman.scotsman.com/latestnews/-How-the-Masters-of.4494032.jp
SLAM. Slam. Slam. Slam. Like a scene from a gathering of Mafia dons, the doors of 30 black Lincolns slammed shut as their besuited occupants stepped out into a Manhattan downpour - and into a global financial storm.That storm broke yesterday, with stock markets tumbling around the world. (...) The United States is now in the throes of its biggest banking crisis in 70 years, stirring terrible memories of panics, bank failures, bankruptcies and mass unemployment. First Bear Stearns had to be rescued. Then the government had to take over Fannie Mae and Freddie Mac, the two largest US mortgage providers. Now Lehman Brothers.Dick Fuld, who threatened to break the legs of any partner caught shorting Lehman stock - gambling on the value of shares falling - is now just another name on a lengthening list of the "Masters of the Universe", a phrase made famous by Tom Wolfe in his 1987 novel of Wall Street ambition and greed, The Bonfire of the Vanities, who have crashed to earth.A ND as Fuld crashed, his personal shareholding in the bank tumbled by more than $500 million. The list of the investment banking world's fallen giants already reads like a Who's Who of money: Charles "Chuck" Prince, the chief executive of Citigroup; Jimmy Cayne, the chief executive of Bear Stearns (RIP); Peter Wuffli, the UBS chief executive, and Marc Ospel, its chairman. CLIP
Fury at $2.5bn Lehman bonus (September 21, 2008) http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4795072.ece
STAFF at Lehmans New York office who helped to cause the worlds biggest corporate bankruptcy are to share in a $2.5 billion bonanza.The bonus, which has been described by London staff as a scandal has been pledged by Barclays Capital, the British-based bank that last week acquired Lehmans American operation and took on 10,000 staff.The $2.5 billion (£1.4 billion) pot, which has been ring-fenced as part of the acquisition, has caused huge resentment among the 5,000 staff in the firms European and Middle Eastern operations who are not guaranteed to be paid after this month. CLIP
Wall Street privatises US government: be very afraid (14/09/2008) http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/14/ccdumas114.xml
(...) The Frannie deal is big even by today's standards. It single-handedly vaults the US from a public debt ratio in the sound-money range into the company of fiscal basket-cases like Italy and Belgium, and that long-standing economic invalid, Japan. The chart shows how the net US government sector debt pre-Frannie was about the same size relative to the economy as Germany, though worse than other G7 peers such as Canada, Britain and France. Now with one bound, the addition of $4.5 trillion puts it up there with Italy and Japan. (...) The Fed's goals, as specified by Act of Congress, are to sustain good growth and keep inflation low (in that order). By its subjection to Wall Street priorities, it has both stimulated price inflation - the CPI was up 5.6 per cent over the latest 12 months - and thereby cut the real value of US incomes, and with them US growth. It has thus failed in both its mandated goals. With one bullet - panicky interest rate cuts that have little relationship to saving Wall Street in any case - it has shot itself in both feet. CLIP
Financial crisis: Default by the US government is no longer unthinkable (September 22, 2008) http://truediscernment.wordpress.com/2008/09/22/financial-crisis-default-by-the-us-government-is-no-longer-unthinkable/
(...) The trouble is, though, as the bill for these bail-outs keeps rising, so does the possibility that the political consensus will crack and therell be an almighty, and debilitating, dust-up. Paulsons RTC plan, in theory, could restore confidence. By taking sub-prime loans off banks books, it could de-ice the inter-bank market, restoring credit lines to households and firms and preventing the credit crunch from shifting wholesale, in that fabled phrase, from Wall Street to Main Street. But, in the run-up to the US election in November, Democrats in Congress - and even some Republicans - may decide theyre simply not having it. How much more can the US taxpayer take? It sounds insane, but the liabilities being taken on by the Fed and the US Treasury are now so enormous that the government itself could default. No? Check out the chart showing the recent spikes in the US 10-year credit default swap. In other words, the market is now pricing-in the genuine possibility that the US will struggle to pay-back some of its long-term T-bills. That possibility is still deemed to be quite low. But the ultimate financial question - until recently, unthinkable - is now being asked. Yes siree, the mighty US government could default. Thats how much the world has changed. --- NOTE: The Daily Telegraph has deleted this article. Luckily it was archived elsewhere. I believe that bankruptcy of the US government is now highly probable...
More Financial Turmoil To Come (09.15.08) http://www.forbes.com/2008/09/15/lehman-jpmorgan-aig-cx_0915oxford_print.html
The collapse of Lehman Brothers, and attendant weakness of other major financial institutions, has now produced perhaps the worst U.S. financial crisis since the banking panic that faced former President Franklin Roosevelt at the beginning of his administration in March 1933.The uncertainty created by the reluctance of the Treasury and Federal Reserve to subsidize the acquisition of Lehman (along the lines of JPMorgan Chase's March takeover of Bear Stearns), and the process of unwinding Lehman's huge portfolio of securities and derivatives trades, is likely to produce a major surge in counter-party risk aversion. The resulting unwinding of leverage and flight to quality threatens to destabilize the global financial system, which may thus be facing a period of rapid change and re-regulation. (...) Wither recovery? Even if the immediate systemic risks posed by Lehman's failure are contained, a U.S. (and global) economic recovery is not a near-term prospect. Stabilization of the U.S. housing market is a necessary condition for the end of the global credit crisis--given that most of the problematic assets that trouble the balance sheets of major financial institutions are linked to U.S. housing. However, there is little indication that U.S. housing prices will stabilize until mid-2009, at the earliest. This means that banks and financial firms face further write-downs, greatly increasing the chances of additional failures.
Authorized raids of individual accounts part of bailout (20 Sep 2008) http://www.marketoracle.co.uk/Article6337.html
RAIDS OF INDIVIDUAL ACCOUNTS Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money... [Purchasing gold is OK, but it can be taken away if the govt declares it illegal to own. Silver is less likely to be confiscated. Gold will rise 5x for gold and 10x for silver in the next two to three years. Copper is going up, and is easier to sell at junk metal yards] CLIP
The U.S. Financial System in Serious Trouble (September 16, 2008) http://www.globalresearch.ca/index.php?context=va&aid=10232
(...) Short of bankruptcies is the nationalization of the over-leveraged banks by the government. And the Bush-Cheney administration took a big step in that direction when it came to the rescue of the two largest mortgage financing institutions, Fannie Mae (Federal National Mortgage Association: FNM) and Freddie Mac, (Federal Home Loan Mortgage Corporation: FRE) which were close to being insolvent. This step was initiated after foreign central banks (in China, Japan, Europe, the Middle East and Russia) threatened to stop buying U.S. bonds and debentures issued by the two shaky financial institutions. But the Bush-Cheney administration, while providing public money to keep the two lenders in operation, stopped short of nationalizing them. Indeed, the U.S. government committed to invest as much as $200 billion in preferred stock and extend credit through 2009, to keep the two mortgage lenders solvent and operating. But instead of taking them over by placing them into administrative receivership, in order to change their business model, as they should have done since the government is now guaranteeing their outstanding debts, (more than $5 trillion US) the U.S. government chose rather to keep the appearance that these were still two privately run banks and only appointed a legal conservator for Fannie Mae and Freddie Mac. Even when they bail out what can be called two Government sponsored enterprises (GSEs), their market ideology prevents them from doing the right thing. After years of irresponsible public deregulation and private mismanagement and irresponsible, pyramiding risk taking, the American financial system is now in serious trouble, and it may draw the U.S. economy further down with it in the months and years to come.In the coming weeks, however, as other American financial institutions teeter on the brink of bankruptcy, the U.S. government will have to consider creating a Bank Resolution Trust under the model of the 1989 Resolution Trust Corp. which took over the savings and loans banks that were then in financial difficulties. For example, as recently as February 16 of this year, the British government did not hesitate to nationalize the Northern Rock bank and rescued this large British bank with about £55 billion ($107 billion) in public loans and guarantees. Sooner or later, the American government will have to do the same, in order to stabilize the financial system, because the financial problems in the U.S. are systemic and much more serious than elsewhere.By the same token, maybe the U.S. government should correct an anomaly of the 20th Century, that is the semi-private status of its central bank. Indeed, the American Federal Reserve, is a semi-public and semi-private central bank organization that is as much responsible to large private banks as it is to the U.S. government and the population. This creates an unhealthy conflict of interests that is not fair to the American public. Indeed, the American practice of privatizing profits and socializing losses would be considered unacceptable in most other democracies. What we are witnessing these days in the U.S. is a massive wealth transfer from taxpayers, savers and retirees to banks, their creditors and their managers. On the one hand, the Fed has pushed real interest rates deep into negative territory to help troubled banks, and, on the other hand, the American taxpayers have foot the bill for bailing out very large financial institutions. I wonder what the two presidential camps, the Obama and the McCain camps, have to say about that! They both want to increase the federal deficit and add significantly to the already high national debt.
Meltdown and Bailout: Why Our Economic System Is on the Verge of Collapse (September 22, 2008) http://www.alternet.org/workplace/99703
Bush wants to fleece us for hundreds of billions in the financial crisis, but that's just the first layer of a more fundamental economic problem. The immediate cause of our financial meltdown is unchecked, unbridled greed. Mainstream newspapers and the business press are doing a fairly good job of explaining how the lack of regulatory oversight led us into this nightmare. But you have to dig down one layer to find the cause of that situation. Under cover of the ideological euphemism known as the "free market" and with enormous cash investments over the past four decades, business elites have captured the regulatory organs of powerful democratic states -- nowhere more so than the United States -- and promoted their own narrow economic agendas for short-term gain. There's an enormous amount of discussion about that in the independent media. But to drill down a layer deeper, to the bedrock of the crisis, you have to go to some deep thinkers who don't get much play in our mainstream economic discourse.As foreign policy analyst Mark Engler notes in his new book, How to Rule the World, declining returns on traditional investments in manufacturing and industry since the 1970s go a long way toward explaining today's highly speculative economy -- pushing capital into developing countries and into bubble after speculative bubble in search of a better profit margin. It's important to understand what's going on at all three levels, because we may have come to a fork in the road, a point at which the decisions made now may determine the future of the global economy. We may or may not also be on the verge of another Great Depression. The Bush Bailout: Privatizing Gains and Socializing Risk -- On Saturday, hoping to stave off that dark possibility, the Bush administration proposed an unprecedented bailout for investors, a scheme that would authorize the Treasury Department to spend as much as $700 billion in tax dollars over the next two years to buy up bad securities, with little Congressional oversight save for a semiannual report on the process.The move came after the federal government had already sunk a total of $900 billion into America's financial institutions this year, potentially bringing the total value of the Fed's tinkering to $1.6 trillion over three years. CLIP
Wag the Dog: How to Conceal Massive Economic Collapse (August 14, 2008) http://globalresearch.ca/index.php?context=va&aid=9828
(...) Just as central banks manipulate currencies in concert, so gold can be manipulated by massive selling of central bank reserves. Oil and any other market can be manipulated as well. But markets can be manipulated by only so much and for only so long without fixing the underlying problem. There is more bad news coming down the pike, news of such magnitude that no amount of ordinary manipulation is liable to conceal it.For one thing, roughly $400 billion in ARMs (adjustable rate mortgages) have or will reset between March and October of this year. Assuming 3 to 6 months for strapped debtors to actually hit the wall with their payments, a huge wave of defaults is about to strike, continuing through March 2009 - just in time for the next huge wave of resets, in option ARMs.3 Option ARMs are loans with the option to pay even less than just the interest on the loan monthly, increasing the loan balance until the loan reaches a certain amount (typically 110% to 125% of the original loan balance), when it resets. The $800 billion credit line recently opened to Fannie Mae and Freddie Mac may be not only tapped but tapped out, at taxpayer expense. The underlying problem is little discussed but impossible to repair - a one quadrillion dollar derivatives scheme that is now imploding. Banks everywhere are facing massive writeoffs, putting the whole banking system on the brink of collapse. Only public bailouts will save it, but they could bankrupt the nation.What to do? War and threats of war have been used historically to distract the population and deflect public scrutiny from economic calamity. CLIP
Status Report on the Collapse of the U.S. Economy (July 16, 2008) http://globalresearch.ca/index.php?context=va&aid=9596
(...) What is really taking place, however, is that the producing economy of working men and women is being crushed by the overall debt burden on households, businesses, and governments that could reach $70 trillion by 2010. The financial system, including mortgage giants Fannie Mae and Freddie Mac, is bankrupt, as the debts it is based on cannot be repaid.This is because the producing economy of people who work for a living simply can no longer generate enough purchasing power for people either to pay their debts or allow them to purchase what is being sold in the marketplace. In turn it is the debt burden and the loss of societal purchasing power that are crashing the stock market. Thus the collapse of the financial economy has started to destroy the producing economy as well.It's a "perfect storm," the result of a 200-year-old financial system where money is largely created by bank lending and where since 1980 our industry and jobs have been increasingly outsourced abroad to cheap labor markets. Thus domestic incomes have stagnated while the nation's GDP has not been able to keep up with the exponential growth of debt.While the mainstream media are blind, deaf, and dumb as to the causes, the victims within the middle and working classes are seeing their livelihoods ruined, jobs taken away, pensions eroded, homes foreclosed on, and are being saddled with ever-increasing debt and forced to work under more and more stress due to rising burdens of taxation, gas and food price inflation, and bureaucratic rules and regulations. The only places a more-or-less normal life may still be possible will be the wealthiest imperial centers like Washington, New York, Houston, Chicago, or San Francisco. CLIP
GM, Ford 'On the Verge of Bankruptcy,' Altman Says http://globalresearch.ca/index.php?context=va&aid=9657
July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business. "Both are in very serious shape and the markets reflect that,'' Altman, the creator of the Z-score mathematical formula that measures bankruptcy risk, said in an interview with Bloomberg Television. The model shows that these companies are ``on the verge of bankruptcy,'' he said.
Exposed: McCain team includes 83 Wall Street lobbyists http://rawstory.com/news/2008/McCain_team_includes_83_Wall_Street_0917.html
As Sen. John McCain (R-AZ) rails against Wall Street while concurrently benefiting from its largesse, some journalists are getting tired.David Corn -- an investigative reporter formerly with The Nation and currently reporting for Mother Jones -- has printed a list of 83 Wall Street lobbyists he says are working for or have bundled contributions for McCain. The Democratic National Committee has previously accused McCain of using 177 lobbyists either as campaign aides, advisers or fundraisers.Corn notes that former Sen. Phil Gramm, the Arizona senator's onetime campaign chairman and economic adviser, slipped into law a provision that kept credit default swaps unregulated, dramatically kindling to the current financial fires."Of those 177 lobbyists, according to a Mother Jones review of Senate and House records, at least 83 have in recent years lobbied for the financial industry McCain now attacks," Corn writes. "These are high-paid influence-peddlers who have been working the corridors of the nation's capital to win favors and special treatment for investment banks, securities firms, hedge funds, accounting outfits, and insurance companies. Their clients have included AIG, the newest symbol of corporate excess; Lehman Brothers, which filed for bankruptcy on Monday sending the stock market into a tailspin; Merrill Lynch, which was bought out by Bank of America this week; and Washington Mutual, the banking giant that could be the next to fall. CLIP
McCain and the POW Cover-Up (18 September 2008) http://www.truthout.org/article/mccain-and-pow-cover-up
John McCain, who has risen to political prominence on his image as a Vietnam POW war hero, has, inexplicably, worked very hard to hide from the public stunning information about American prisoners in Vietnam who, unlike him, didn't return home. Throughout his Senate career, McCain has quietly sponsored and pushed into federal law a set of prohibitions that keep the most revealing information about these men buried as classified documents. Thus the war hero who people would logically imagine as a determined crusader for the interests of POWs and their families became instead the strange champion of hiding the evidence and closing the books. Almost as striking is the manner in which the mainstream press has shied from reporting the POW story and McCain's role in it, even as the Republican Party has made McCain's military service the focus of his presidential campaign. Reporters who had covered the Vietnam War turned their heads and walked in other directions. McCain doesn't talk about the missing men, and the press never asks him about them. CLIP
Federal Corruption and Meaningless Elections (16/09/08) http://www.informationclearinghouse.info/article20770.htm
(...) The United States is much like the Titanic, listing to one side and ready to take the long dive to the bottom. We have a 9.5 Trillion Dollar deficit that is being held by foreign countries. The biggest part of our economy, home ownership that makes up approximately half of the assets of our country in mortgages sold to trust funds, retirement plans and government bonds and other investment vehicles is quickly going bottom up. This isnt conjecture, it is fact. A fact that both corporate parties have no answer to. We are facing a depression not seen since the 1930s and the corporatist parties are still arranging the deck chairs. We spend 48% of the entire worlds military expenditures. The truth is that even with this massive amount of military spending; both candidates promise more of the same. The candidates appear on the corporate-controlled media and no media personalities ask them how they are going to pay for more military expenditures or why we need military bases in 140 different countries. Obama, the former anti-war candidate panders to the Republican base by promising to increase troop strength in the Army by 65,000 soldiers. As a former Army recruiter, I will say that would be a neat trick. Just how does he believe he will entice that many young people to join the Army when they see soldiers spending multiple tours in combat year after year? The corporate duopoly doesnt mention the debasement of our Constitution in the last seven years. They turn a blind eye as the Bill of Rights has been reduced to just another historical document that has only a sentimental value. The Republic is financed by a central bank that Americans are becoming increasingly aware of. The Federal Reserve, a privately owned bank sells us our own money at interest while it prints fiat money of no value. These issues are of no interest to the corporate parties, they wont talk about the abandonment of the Constitution, The Bill of Rights or the failed economy that practices corporate welfare as thousands of Americans are thrown from their homes. Both corporate controlled parties still echo the false rhetoric that Russia is the looming menace. They decry the invasion of Georgia when the facts are that the Georgians started the war with American and Israeli support. They are both committed to military superiority as the most important facet of our foreign policy. This is occurring in spite of the fact that our constitutional rights, our homes and our money are becoming worthless. The time has come to give up the American Empire and concentrate on our own nation instead of trying to control all events that take place in the world. We can no longer afford our super-inflated military in a time when there is no direct threat of invasion from anywhere. The Democrats and Republicans throw issues out like gay rights and a womans right to choose, taxes and healthcare in order to take our minds off of what is really happening in this period of our history. Ron Paul, Cynthia McKinney, Ralph Nader and Chuck Baldwin are talking about these issues but the corporate controlled media wont let them speak to the people. The time has come for the people of the United States to wake from their slumber and turn their backs on the Democrats and Republicans that have become corrupted by corporate money beyond redemption. There must be a third party candidate that rises above the others. We need a candidate that all of us can rally around. We can no longer play party politics with two political parties that no longer care about the interests of the people. CLIP
RFK Jr. and Mike Papantonio: "Is Your Vote Safe?" http://www.truthout.org/article/rfk-jr-and-mike-papantonio-is-your-vote-safe
Robert F. Kennedy Jr., Ring of Fire: "There are about 30 scams the Republicans are deliberately using, particularly in the swing states to get Democratic voters off the rolls. These scams originate in the so-called Help America Vote Act, which was passed after the Florida debacle in the year 2000. It was originally suggested by Democrats and Republicans, but it was passed by a Republican Congress with a Republican Senate and a Republican president. And instead of reforming what happened in Florida, it basically institutionalized all the problems that happened in Florida."
End Game (16/09/08) http://www.informationclearinghouse.info/article20776.htm
The American predilection for choosing fuzzy myth over grim reality is one factor that has been driving the US ever closer to the abyss. There is danger in delusion. Americans always seem to suffer fools gladly. Nixon. Twice. Reagan. Twice. George H. W. Bush. George W. Bush. Twice! And their loathsome Vice PresidentsAgnew, Ford, Bush, Quayle, Cheney. A McCain/Palin administration might supply that final push toward oblivion. (...) What if a candidate pledged to return the Presidency (and America) to the rule of law, to end all illegal wars, including covert ones, to make reparations, to free all illegally held prisoners and pay reparations, to never again invade any country or use illegal weapons against civilians such as depleted uranium, white phosphorous, thermobaric explosives, chemical and bacterial weapons, napalm, lasers, and others? What if a candidate pledged a genuinely independent Truth Commission to investigate the Bush Administration and to bring its many criminals to justice, starting at the top? What if a candidate pledged to end corrupt lobbying practices in Washington, to demand better and responsible corporate citizenship, to end an unfair system of taxation and to begin restoring the middle class? What if a candidate pledged to strike a Commission to finally properly investigate who was responsible for 9/11 and bring them to justice no matter who they are? What if a candidate pledged to stop wasting trillions on the military and instead began improving American infrastructure, education, health care, the environment and began to address the issue of homelessness? What if instead of bursting bombs, flying bullets, and political meddling the US exported genuine no-strings financial, food and health aid to needy populations around the world, thus for once fomenting respect and gratitude instead of justified hatred and loathing? Its never going to happen. Why not?
UN: 17m need food in Horn of Africa (21 Sep 2008) http://www.presstv.ir/detail.aspx?id=70082§ionid=351020501
The UN humanitarian chief says nearly 17 million people in the Horn of Africa urgently need food, up from 9 million in early 2008. John Holmes said the humanitarian emergency hasn't yet escalated to a famine, but he warned that if donors don't provide USD 716m very quickly the Horn could return to the famine situations of the 1980s and the 1990s. "The overall food security situation in the Horn of Africa - which includes parts of Ethiopia, Somalia, Djibouti, Eritrea, Kenya, and Uganda - is getting even more serious than it was before because of the combined effects of drought and rising food prices, and in some places conflict," he told a news conference."We reckon there are nearly 17 million people in this region that are now in urgent need of food and other emergency humanitarian assistance," including 3 million children, Holmes said. "This number could even rise as the drought deepens and the hunger season continues." Early this year, the UN estimated that 9 million people in the Horn of Africa were in urgent need of food. Holmes said the situation has worsened because the region is experiencing perhaps "the worst effects" of soaring food prices, a third year of drought, and conflicts in Somalia, parts of Ethiopia and elsewhere. The UN estimates it needs USD 1.4b to help the 17 million people in need until the end of the year - but it only has USD 684m. That means it desperately needs USD 716m to cover needs from October to December, he said.
UN focuses on Africa ahead of annual meeting (Sept 22, 2008) http://news.yahoo.com/s/ap/20080923/ap_on_re_ca/un_general_assembly;_ylt=AgH1LOlXopDjvbvzOayBjwCs0NUE
UNITED NATIONS - African leaders warned Monday that a lingering global financial crisis coupled with the collapse of talks on a world trade agreement could significantly harm the U.N. campaign to improve life for hundreds of millions of the world's poorest. But the head of the 53-nation African Union said that if rich nations really care, they will keep helping Africa in spite of the financial meltdown.The financial storm clouds hovered over a high-level meeting on Africa's development needs ahead of the U.N. General Assembly's annual ministerial session which opens Tuesday and the grim international economic outlook is certain to be a hot issue for the nearly 120 world leaders and dozens of ministers attending the global gabfest.At the start of Monday's meeting, Secretary-General Ban Ki-moon urged the world's rich nations to spend $72 billion a year to help Africa achieve U.N. goals to fight poverty, improve health and ensure universal primary education.Ban said the price tag may be daunting but "it is affordable," pointing to the estimated $267 billion that the world's richest nations spent last year just on agricultural subsidies."In this context, the cost of solving the food crisis, addressing global warming and pulling millions out of extreme poverty in Africa looks like good value," he said. CLIP
US generals planning for resource wars (Mon, 22 Sep 2008) http://www.irishtimes.com:80/newspaper/opinion/2008/0922/1221998220381.html
ANALYSIS: The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets. (...) Under the auspices of the US department of defence and department of the army, the US military have just published a document entitled 2008 Army Modernization Strategy which makes for interesting reading against the current backdrop of deteriorating international fiscal, environmental, energy resource and security crises. (...) The document reveals a number of profoundly significant - and worrying - strategic positions that have been adopted as official doctrine by the US military. In its preamble, it predicts a post cold war future of "perpetual warfare". According to its authors: "We have entered an era of persistent conflict . . . a security environment much more ambiguous and unpredictable than that faced during the cold war."
(...) The remainder of the document is devoted to describing in detail how a downsized all volunteer US military - numbering approximately one million soldiers, aircrew and sailors - could maintain an ever-present, international, offensive posture in many countries across many time-zones. It describes how information communication technologies and digital technologies will create a new "networked" human soldier - the 'Future Force Warrior' - who will deploy among the target population and will operate simultaneously several remote, unmanned ground and air weapons systems. To this end, the US military is rapidly expanding its inventory of computerised, robotic ground weapons and unmanned aerial vehicles . According to the strategy document, by supplementing relatively small forces of US troops - brigade combat teams - with ever-larger fleets of remotely controlled, unmanned weapons systems, America will be able to successfully deploy its downsized military to maximum effect among the emerging international youth bulge. Supplementing these future global offensive operations, according to the strategy document, is the US military's planned domination of inner space or the earth's exo-atmospheric zone. (...) It states explicitly that the US military is preparing to fight continuous resource wars "for the long haul". The document also describes explicitly the manner in which the earth's orbit is now deemed a legitimate zone for offensive military activity. This extraordinary document describes US strategic doctrine in terms worthy of 20th century science fiction. The mix of 20th century science fiction and Orwellian perspectives unwittingly contained in the document appear rapidly to be materialising as fact.
Navajo, Hopi and Lakota delegation warned Lehman Brothers (September 14, 2008) http://bsnorrell.blogspot.com/2008/09/navajo-hopi-and-lakota-delegation.html
NEW YORK -- A delegation of Navajo, Hopi and Lakota warned Lehman Brothers stockholders of the dire consequences of their actions in 2001. In a rare move, censored by most media, the Navajo, Hopi and Lakota delegation warned Lehman Brothers, after it acquired the financial interests of Peabody Coal, of the spiritual consequences of mining coal on sacred Black Mesa and the aftermath of Peabody Coal's machinations that led to the so-called Navajo Hopi Land Dispute.Lehman Brothers is now in the midst of financial collapse, with its bankruptcy producing a rippling effect throughout the world's economy. At the time of the Navajo, Hopi and Lakota delegation's address to Lehman Brothers stockholders in 2001, Arlene Hamilton bought two shares of stocks in Lehman Brothers to pave the way for the address to stockholders. When she did, Hamilton said her life was threatened because of this action. Shortly afterwards, Hamilton was killed in a car crash. Longtime Navajo relocation resister Roberta Blackgoat died in San Francisco at Hamilton's memorial.A Hopi elder was among those addressing the Lehman Brothers stockholders. His admonitions followed those of the late Hopi Sinom elders Thomas Banyacya and Dan Evehema, among the Hopi elders who warned of dire consequences, including natural disasters and worldwide consequences, if Peabody mined coal on Black Mesa and Navajos were relocated from this sacred region. The Hopi Sinom never authorized the establishment of the Hopi Tribal Council, which they refer to as a puppet government of the United States.The Hopi elder in the delegation told stockholders, "Lehman Brothers, even though we are just a few here, we speak for the Creator, who is the majority."Therefore we demand you stop the Peabody coal mining and the slurry. (...)
Back in Flagstaff in 2001, Hamilton said Lehman Brothers and Peabody Coal now have the opportunity to make a difference in the future of mankind. "We want the dehumanizing and militarizing to stop. There is a lot of suffering going on. We want to make sure the ceremonies are not surrounded by guns and the people have clean drinking water."There is no life without water." Hamilton said Navajo elders resisting relocation often become dehydrated during the hot summer months because of the scarcity of clean water, while Peabody Coal pumps 10,000 gallons of water a minute to slurry coal.She carried the human rights concerns to Peabody management for years, but she said they have done little to improve the quality of living as promised."It's really just diversion and distraction while the people are suffering out there. Everything is based on making way for mining."The delegation presented a list of demands to Lehman Brothers, demanding that Peabody leave the water and coal alone because they are the lungs and liver of Mother Earth. They called for a halt to mining and the initiation of a solar project, availability of clean drinking water, and a halt to military over flights and the intimidation of elders and youths by armed rangers. CLIP
Pakistani leaders 'should have been at bombed hotel' (September 23, 2008) http://www.timesonline.co.uk/tol/news/world/asia/article4802148.ece
The Pakistani President, Prime Minister and military chief of staff were due to attend a banquet at the Marriott Hotel in Islamabad, where bombers killed at least 53 people, but a last-minute change of venue saved them. The disclosure that the leadership of the country was the likely target of the attack on Saturday came as militants kidnapped Afghanistan's top diplomat in the country and British Airways suspended all flights to and from Pakistan because of security concerns.The Interior Minister, Rehman Malik, said that the venue for a banquet to mark the inaugural address of President Zardari to a joint session of Parliament was moved to the residence of the Prime Minister because of intelligence warning of an attack. A bomber blew up a lorry containing 600kg (1,320lb) of explosives, including artillery shells, outside the Marriott, wrecking the hotel. At least 11 foreign nationals, including the Czech Ambassador and two US military personnel, were killed in the blast inside the high-security zone of Islamabad. "The last-minute decision saved the leaders," Mr Malik said. CLIP
What Was Mysterious Activity Going on in the Marriott Hotel Islamabad by United States Marines (21 September 2008) http://www.daily.pk/politics/politicalnews/7422-what-was-mysterious-activity-going-on-in-the-marriott-hotel-islamabad-by-united-states-marines.html
Marriott Hotel has now become a ghost house which was yesterday the most beautiful and prestigious hotels in the Islamabad. While the condemnation of the blasts and the deaths and the loss of property is going on from all the quarters, some intriguing news is also pouring in. After the blast, mysteriously fire was started at the fourth and fifth floors. It was said that this fire was the result of gas pipeline burst running through the hotel. The million dollar question is that was the gas pipeline not running through the other floors? Why the fire broke out from the fourth and fifth flours? That is the question which perhaps holds the key to the mystery as why the hotel was targeted yesterday, in which more than 60 people died including many foreigners. Though it would never get confirmed but the fire on the fifth and fourth floor of the hotel broke out because those flours were housing the mysterious steel boxes under the heavy guard of United States marines and no one including the Pakistani security forces and the security men of the hotel were allowed to go near with the them. These boxes were shifted inside the hotel when the Admiral Mike Mullen met Prime Minister Yousuf Raza Gilani and others in Islamabad. It is said that one member of parliament Mumtaz Alam who belongs to the PPP, the ruling party was there eye witnessed the whole scene when the white truck of US embassy came to the gate of Marriot Hotel and US marines themselves unloaded the steel boxes from the trucks and shifted them to the fourth and fifth floors without passing through them the scanners at the entrance of the hotels. When the truck was there, all the entrance and the exit passage way to the hotels were closed. And now this blast has occurred at the Marriott, while that mysterious activity was going on.
Pakistan probes mystery of US Marines' steel boxes in Marriott http://tinyurl.com/3ujp3p
Pakistani authorities are trying to "solve the riddle" of US Marines and their mysterious steel cases that were shifted to the Marriott Hotel four days before it was razed in the worst terrorist attack in the federal capital, a media report on Tuesday said.
Egypt opens Rafah for Gazans (22 Sep 2008) http://www.presstv.ir/detail.aspx?id=70187§ionid=351020202
Egypt opened the Rafah Crossing into Gaza for a second day on Sunday, allowing Palestinians to leave for pilgrimages and medical treatment. The two-day lifting of restrictions has enabled hundreds of Palestinians to travel to Mecca for the Hajj pilgrimage. A number of Palestinians have also been allowed to exit Gaza to receive medical treatment. Egyptian officials said that around 3,000 Palestinians, including travelers and others who have foreign passports, had registered to leave Gaza through Rafah. Iran's Majlis Speaker, Ali Larijani, and his Egyptian counterpart, Ahmed Fathi Sorour, condemned the Israeli regime for suspending the dispatch of humanitarian aid to the besieged territory. "The siege of the Gaza strip has put the territory on the verge of a severe humanitarian crisis resulting from a lack of food and medicine supplies," Larijani told Sorour in a telephone conversation. Rafah is the only Gaza border crossing which bypasses territories occupied by Israel. The crossing was closed by the Israeli authorities in June 2007 after the Hamas Resistance Movement gained control of Gaza. The imposed siege has resulted in severe shortages of basic supplies such as food and fuel as well as power blackouts and water shortages. The resulting humanitarian crisis has been strongly criticized by the international community. CLIP
1,400 Afghan civilians killed in 2008 violence (September 16, 2008) http://www.iht.com/articles/ap/2008/09/16/asia/AS-Afghan-Violence.php
KABUL, Afghanistan: The U.N. said Tuesday that 1,445 Afghan civilians have died so far this year in attacks by insurgents, the U.S. and NATO a 40 percent increase over 2007. Exactly 800 of the or 55 percent were caused by Taliban and other insurgents, the U.N. said. U.S., NATO and Afghan troops killed 577 civilians, or 40 percent, including 395 deaths caused by air strikes. The rest died in crossfire or by old mine explosions. The death toll through the end of August represents a 40 percent jump from the 1,040 Afghan civilians killed during the same eight-month period in 2007. CLIP
UN nuclear watchdog at dead end in Iran (September 15 2008) http://www.ft.com/cms/s/0/1238bd08-8347-11dd-907e-000077b07658.html?nclick_check=1
The United Nations nuclear watchdog declared on Monday that it had reached a dead end in its year-long effort to get Iran to clarify whether it covertly researched the development of a nuclear weapon.Unveiling one of the most damning reports it has yet published on Irans nuclear programme, the International Atomic Energy Agency said it had been unable to make any substantive progress in its attempt to get Iran to answer allegations that there may have been a military dimension to its nuclear programme. In addition, Iran has stepped up the pace of uranium enrichment, which can produce both nuclear fuel and weapons grade material, accumulating more than 300kg of low enriched uranium by the end of last month, according to the report. The vast majority of the material has been produced this year.Some analysts say that if Iran accumulated 600kg-700kg of low enriched uranium it would reach breakout capacity the brink of nuclear weapons status since if such a stockpile were run though Irans facilities again, it would provide enough fissile material for one bomb. But IAEA officials argue that considerably more would be needed for a significant nuclear weapon.The IAEA also reported that Iran had raised the number of centrifuges enriching uranium by 500 to 3,820 since May and was testing an advanced model able to refine nuclear fuel two to three times faster, in continuing defiance of UN resolutions. A senior IAEA official said that the agency would press ahead with attempts to get Iran to hand over information needed to explain intelligence material showing it had once linked its nuclear programme to the testing of high explosives and to the modification of a missile cone in a way suitable for a nuclear warhead.However, in a sign of frustration within the IAEA at Irans refusal to co-operate, the official said: Iran has so far not been forthcoming in replying to our questions and we seem to be at a dead end there.The report is likely to boost the attempts by powers led by the US , UK and France who seek a new UN sanctions resolution against Iran later this year.However, diplomats say that tension between Russia and the US makes any new round of UN sanctions against Iran unlikely before President George W. Bush leaves office.In its report, the IAEA said it believed that Irans attempts to build a modified missile cone may have involved the assistance of foreign expertise. An IAEA official said the agencys understanding was that the assistance may have come from non-state actors.
Only military action can stop Iran, experts tell European Jews (16/09/2008)
Manufacturing Consent For An Attack... http://www.haaretz.com/hasen/spages/1021774.html
The Iranian nuclear crisis may have crossed the point of no return while the threat of nuclear terrorism is on the rise, according to a panel of experts on proliferation. These somber assessments where voiced Monday during a seminar on nuclear capabilities hosted by the European Jewish Congress in Brussels. "Only military action can stop Iran, or else Iran will acquire nuclear weapons to the great detriment of regional and even global stability," the panel stated. The event, which took place at the Brussels Hilton, brought together 12 experts on the subject, including politicians, military officials and academics, who in a closing statement said that "the Iranian crisis has worsened to the degree that it may now be irresolvable." On nuclear terrorism, the unanimous view was that in order to prevent disaster a "more energetic leadership" is needed. The finding of the roundtable was that in all relevant respects of nuclear terrorism, the situation has worsened, and that nuclear weapons are in real danger of falling into the hands of terrorists. The panel connected the peril to the current instability in Pakistan and to a potential unrest in North Korea - both nuclear powers. "Hezbollah is an obvious worry," the panel added, "especially with the recent news that Hezbullah groups have cells in North America and in the heart of Europe." CLIP
Israel Waging 'Secret War With Iran' (September 15, 2008) http://www.nysun.com/foreign/israel-waging-secret-war-with-iran/85831/
New Book Details Mishaps That Have Likely Delayed Iran's Efforts To Go Nuclear -- WASHINGTON Israel and America are intensifying a clandestine war against Iran that has run hot and cold since the Islamic Revolution in 1979 but has grown more urgent as Iran races to obtain an atomic bomb.That is a central claim in a new book, "The Secret War with Iran," by an Israeli journalist, Ronen Bergman, who also details a series of mishaps during the past 2 1/2 years that have likely delayed Iran's efforts to go nuclear. While President Bush and other Western leaders have warned of the seriousness of the threat that Iran may obtain a nuclear weapon, little reporting has surfaced in the West on the efforts in the shadows to stop the Iranians. Mr. Bergman himself has had to skate a close line in this area, in part because of military censorship in Israel, where some of his reporting has been withheld from publication pending rulings from the Israeli Supreme Court.Nonetheless, the Israeli journalist compiles a picture that suggests that the West has had some successes in the war to stop the Iranian bomb. Mr. Bergman reports, for example, that in January 2007 Iran determined that some of its nuclear suppliers in Europe were fronts for Western intelligence services, specifically Britain's MI6.And Mr. Bergman writes that between February 2006 and March 2007, at least three planes "belonging to the Revolutionary Guards crashed in Iran, while carrying personnel connected with the security of the nuclear project." Specialized pipes for centrifuges sold to Iran have been modified, he writes, and specialized computers sold to Iran for its nuclear laboratories contained viruses that sabotaged the code. CLIP
9/11 War Crimes Tribunal: Rep Dennis Kucinich Proposes 9/11 National Truth & Reconciliation Commission (The Nation) http://peaceinspace.blogs.com/911/2008/09/911-war-crimes.html
This article is significant, for its boldness and originality, its ethical elevation, and the fact that it appears in what has heretofore been a left gatekeeper publication.
The Implanted Radio-Frequency Identification Chip: "Smart Cards" in a Surveillance Society (September 6, 2008) http://www.globalresearch.ca/index.php?context=va&aid=10097
RFID tags implanted in physical objects or human beings -- If incorporating personal details into an RFID (radio-frequency identification) chip implanted into a passport or driver's license may sound like a "smart" alternative to endless lines at the airport and intrusive questioning by securocrats, think again. Since the late 1990s, corporate grifters have touted the "benefits" of the devilish transmitters as a "convenient" and "cheap" way to tag individual commodities, one that would "revolutionize" inventory management and theft prevention. Indeed, everything from paper towels to shoes, pets to underwear have been "tagged" with the chips. "Savings" would be "passed on" to the consumer. Call it the Wal-Martization of everyday life.RFID tags are small computer chips connected to miniature antennae that can be fixed to or implanted within physical objects, including human beings. The RFID chip itself contains an Electronic Product Code that can be "read" when a RFID reader emits a radio signal. The chips are divided into two categories, passive or active. A "passive" tag doesn't contain a battery and its "read" range is variable, from less than an inch to twenty or thirty feet. An "active" tag on the other hand, is self-powered and has a much longer range. The data from an "active" tag can be sent directly to a computer system involved in inventory control--or surveillance.But as Consumers Against Supermarket Privacy Invasion and Numbering (CASPIAN), the American Civil Liberties Union (ACLU), the Electronic Frontier Foundation (EFF) and the Electronic Privacy Information Center (EPIC) state in a joint position paper, "RFID has the potential to jeopardize consumer privacy, reduce or eliminate purchasing anonymity, and threaten civil liberties." (...) Under conditions of a looming economic meltdown, rising unemployment, staggering debt, the collapse of financial markets and continuing wars and occupations in Iraq and Afghanistan, U.S. imperialism, in order to shore up its crumbling empire, will continue to import totalitarian methods of rule employed in its "global war on terror" onto the home front.The introduction of RFID-chipped passports and driver's licenses for the mass surveillance and political repression of the American people arises within this context.
Israel's Livni set for power after party vote http://news.yahoo.com/s/nm/20080917/ts_nm/israel_leader_dc;_ylt=An.twttOY21aVjTC.WFPEmis0NUE TEL AVIV (Reuters) - Foreign Minister Tzipi Livni was set to be Israel's next prime minister after a comfortable victory on Wednesday in a party leadership election to choose a replacement for Ehud Olmert. "The good guys won," the former corporate lawyer and one-time Mossad intelligence agent told supporters within the ruling centrist Kadima party after exit polls gave her a clear margin over retired general Shaul Mofaz, the transport minister.Palestinian peace negotiators -- and possibly the sponsors of the peace process in Washington -- were among those applauding as official results began to confirm a win for Livni, who has led talks with the Palestinians this year. But the daughter of storied Zionist guerrilla fighters of the 1940s will require combative spirit and political flair to consolidate her goal of becoming Israel's first woman leader since the redoubtable Golda Meir in the 1970s. CLIP
A new 9/11 clue (Aug 27, 2008) http://onlinejournal.com:80/artman/publish/article_3672.shtml
Recently, an email drifted in about an article I wrote, What were the Mossad with fraudulent New Zealand Passports doing in Iraq? The writer said, Ive known about this for some time -- that the Mossad was involved in murdering our troops in a variety of methods to keep them there so we could finish the job by destroying Syria and Iran. For years now Ive suspected and now know for sure the Mossad had a lot to do with the 9/11 attack on the WTC. The attached mp3 is a recording of NYPD radio transmissions on 9/11. Listen from the 3-minute mark almost to the end. This was never reported in the media. The recording is titled, The WTC-10-5-the-message-about-the-remote-controlled-plane. In the mélange of scratchy voices bumping each other off and on, around minute three, the words remote controlled-plane bump through clearly, are interrupted, and finally assert quite clearly again that theres a big truck on King Street with the mural of an airplane painted on it diving into New York City and exploding. It was later noted King Street between 6th and 7th Avenues, about a mile north of WTC, which was in direct line of sight from King St. and 6th Avenue. Whats more as the NYPD stopped for a look at the truck, two men were seen fleeing from it and were apprehended by the police. To the writers knowledge and mine, no one ever reported this bizarre event. CLIP
Who needs a good memory when there's Google? http://news.yahoo.com/s/csm/20080911/cm_csm/ywalshe;_ylt=Ak6T3VuHJemp1ljfUP7ZKPes0NUE
(...) The truth is, however, that in this technocratic age I have come to rely less and less on memory. In fact, I rely less on my own authority altogether.Daily actions, from the trivial to the critical, are accorded in constant deference to a "record" of things, speedily plucked from my forgiving keypad. "What was the wine we had in St. John?" "Is Tuesday's game home or away?" Seldom will I pause to consider a memory or work off a hunch. In increasingly innovative ways, my cellphone renders the need to remember a thing of the past. For example, before I receive an incoming call, pixels dance across my one-inch console to broadcast an image of the person calling, attaching for me a face to the name and hence averting the classic party dilemma.But the future of everyday cellular, I'm told, is quietly moving beyond asynchronous communication to what mobile digerati are calling memory augmentation - an application for recording, organizing, and archiving the elements of your life and then creating sophisticated indexing taxonomies upon which to search and retrieve its details. "What was that cute song our toddler sang in the bathtub?" "Was that a hint of irony in your brother's wedding toast?" A Bluetooth-like appendage registers and compresses the days of our lives and holds them in cache until we need them again."The production of too many useful things" Marx warned, "results in too many useless people."With so many of us slave to tin can memory, our human capacity for identification is jeopardized. Because when we commit things to mind, we become the authors of experience. When we choose to remember, we relate to our most fundamental resource and, in so doing, achieve a unique and perfect balance between representation and meaning. CLIP
Video shows workers abusing pigs (Sept 17, 2008) http://news.yahoo.com/s/ap/abused_pigs
An undercover video shot at an Iowa pig farm shows workers hitting sows with metal rods, slamming piglets on a concrete floor and bragging about jamming rods up into sows' hindquarters.On the video, obtained by The Associated Press, a supervisor tells an undercover investigator for People for the Ethical Treatment of Animals that when he gets angry or a sow won't move, 'I grab one of these rods and jam it in her (anus).' The farm, located outside of Bayard, Iowa, about 60 miles west of Des Moines, is a supplier to Hormel Foods of Austin, Minn. PETA wants to use the results of the investigation to pressure Hormel, the maker of Spam and other food products, to demand that its suppliers ensure humane treatment of pigs. Hormel spokeswoman Julie Henderson Craven on Tuesday called the abuses 'completely unacceptable.'The animal rights group also planned to send the video to the sheriff in Greene County, Iowa, seeking prosecution of 18 people on animal cruelty violations. According to PETA Vice President Bruce Friedrich, the video shows eight people directly abusing animals.'Abuse on factory farms is the absolute norm, not the exception, and anyone eating factory-farmed meat is paying to support it,' Friedrich said. CLIP
Agrobacterium & Morgellons Disease, A GM Connection? (August 20, 2008) http://www.globalresearch.ca/index.php?context=va&aid=9891
Preliminary findings suggest a link between Morgellons Disease and Agrobacterium, a soil bacterium extensively manipulated and used in making GM crops; has genetic engineering created a new epidemic? (...) The Centers for Disease Control (CDC) in the United States announced the launch of an investigation on Morgellons Disease in January 2008 , after receiving thousands of complaints from people with this bewildering condition, which it describes as follows : Persons who suffer from this unexplained skin condition report a range of cutaneous (skin) symptoms including crawling, biting and stinging sensations; granules, threads, fibers, or black speck-like materials on or beneath the skin, and/or skin lesions (e.g., rashes or sores). In addition to skin manifestations, some sufferers also report fatigue, mental confusion, short term memory loss, joint pain, and changes in visions. (...) Vitaly Citovsky is a professor of molecular and cell biology at Stony Brook University in New York (SUNY). He is a world authority on the genetic modification of cells by Agrobacterium, a soil bacterium causing crown gall disease in plants, that has been widely used in creating genetically modified (GM) plants since the 1980s because of its ability to transfer a piece of its genetic material, the T-DNA on its tumour-inducing (Ti) plasmid to the plant genome. Citovskys team took scanning electron microscope pictures of the fibres in or extruding from the skin of patients suffering from Morgellons disease, confirming that they are unlike any ordinary natural or synthetic fibres. (...) They found that all Morgellons patients screened to date have tested positive for the presence of Agrobacterium, whereas this microorganism has not been detected in any of the samples derived from the control, healthy individuals. Their preliminary conclusion is that Agrobacterium may be involved in the etiology and/or progression of Morgellons Disease. (...) San Francisco physician, Raphael Stricker, one of only a few doctors who believe the disease is real, said . Theres almost always some history of exposure to dirt basically either from gardening or camping or something. He is one of the co-authors on the Agrobacterium research done in SUNY, which reported finding Agrobacterium DNA in all 5 Morgellons patients studied. Stricker suggests it is transmitted by ticks, like Lyme disease, and in a recent survey of 44 Morgellons patients in San Francisco, 43 of them also tested positive for the bacterium causing Lyme disease. Another factor consistent with Agrobacterium being a causative agent, if not the causative agent, is that when patients are treated with antibacterials for their Lyme disease, remission of Morgellons symptoms is seen in most of them . CLIP
Morgellons Subjects Get Relief With Earth Water Baths http://eworldwire.com/pressreleases/18898
Morgellons Syndrome is epidemic worldwide with"creeping-crawling' sensations and skin lesions extruding fibers. Healing Research Institute developed treatment to extract toxins and foreign material in Morgellons subjects. (...) The mysterious Morgellons Disease has been featured on the Dr. Phil Show as well as on 20-20 and many local news stations. Morgellons is particularly prevalent in Florida, California and Texas, but there are reports of Morgellons Disease in all states, as well as in Canada, Europe, Asia Australia, Outer Tasmania and Africa.
Amazon Deforestation on the Rise (Sep. 02, 2008) http://www.time.com/time/health/article/0,8599,1838146,00.html
(RIO DE JANEIRO, Brazil) Amazon deforestation jumped 69% in the past 12 months the first such increase in three years as rising demand for soy and cattle pushes farmers and ranchers to raze trees, officials said Saturday. Some 8,147 square kilometers (3,088 square miles) of forest were destroyed between August 2007 and August 2008 a 69% increase over the 4,820 square kilometers (1,861 square miles) felled in the previous 12 months, according to the National Institute for Space Research, or INPE, which monitors destruction of the Amazon. "We're not content," Environment Minister Carlos Minc said. "Deforestation has to fall more and the conditions for sustainable development have to improve. "Brazil's government has increased cash payments to fight illegal Amazon logging this year, and it eliminated government bank loans to farmers who illegally clear forest to plant crops. The country lost 2.7% of its Amazon rain forest in 2007, or 11,000 square kilometers (4,250 square miles). Environmental officials fear even more land will be razed this year but they have not forecast how much. Minc says monthly deforestation rates have slowed since May, but environmental groups say seasonal shifts in tree cutting make the annual number a more accurate gauge. Most deforestation happens in March and April, the start of Brazil's dry season, and routinely tapers off in May, June and July: Last month, 323 square kilometers (125 square miles) of trees were felled, 61% less than the area razed in June. Environmentalists also argue that INPE's deforestation report wasn't designed to give accurate monthly figures, but to alert and direct the government to deforestation hot spots in time to save the land. The Amazon region covers about 4.1 million square kilometers (1.6 million square miles) of Brazil, nearly 60% of the country. About 20% of that land has already been deforested.
'Electrosmog' could kill beekeepers' buzz (September 16, 2008) http://www.busrep.co.za/index.php?fArticleId=4613763
Mobile phones, Wi-Fi systems, electric power lines and similar sources of "electrosmog" are disrupting nature on a massive scale, causing birds and bees to lose their bearings, fail to reproduce and die, a conference has heard. Dr Ulrich Warnke - who has been researching the effects of man-made electrical fields on wildlife for more than 30 years - told the conference, organised by the Radiation Research Trust at the Royal Society in London and held in the past week, that "an unprecedented dense mesh of artificial magnetic, electrical and electromagnetic fields" has been generated, overwhelming the "natural system of information" on which the species rely. He believes this could be responsible for the disappearance of bees in Europe and the US in what is known as colony collapse disorder, for the decline of the house sparrow, whose numbers have fallen by half in Britain over the past 30 years, and that it could also interfere with bird migration. CLIP
IS WI-FI PUTTING OUR CHILDREN IN DANGER? (September 16,2008) http://www.express.co.uk/posts/view/61725/Is-wi-fi-putting-our-children-in-d
WITH wireless internet and mobile phones now in constant use in our schools and homes, TESSA THOMAS asks if youngsters are being exposed to hazardously high levels of radiation. (...) She still suffers intermittent insomnia, brain fog, headaches and the familiar tingling, which is worse when shes near a computer and the wireless router is on. In a world where most people are now close to a mobile mast or wi-fi network and live normal lives, such a reaction seems surprising. But more children are becoming sensitive to electromagnetic emissions from telecoms equipment.And the number is set to increase inexorably, says pathologist Dr George Carlo of the Science and Public Policy Institute in Washington, who spoke at a recent Radiation Research Trust conference. Information carrying radio waves are everywhere from wireless computers, cordless phones, mobile phones and masts. At least half of all primary schools and three-quarters of secondary schools in the UK now have wi-fi. CLIP
Can Cell Phones Really Trigger Alzheimers? (09/19/2008) http://www.totalhealthbreakthroughs.com/2008/09/can-cell-phones-really-trigger-alzheimers/
How does the idea of playing Russian roulette with your brain sound? Howd you like to live a healthy lifestyle and come down with a horrible disease, like Alzheimers, simply because you were using your cell phone?Not too pleasant a thought, is it? Well, perhaps youre aware of the recent news from the prestigious University of Pittsburgh Cancer Center warning of cell phone risks to your immune system and bone marrow. Their recent research report, published online, reveals that the electromagnetic radiation emitted from cell phones may pose a serious risk for developing brain cancer, as well as eye cancer and acoustic neuromas, a benign tumor of the nerve in the ear leading to deafness, which needs surgery to be removed. Recently, Dr. Paul Song, a radiation oncologist from Los Angeles, appeared on Larry King live and was asked about the dangers of carrying your cell phone on your hip and holding it next to your head. Here is what he said: Surprisingly, the concern about radio frequency exposure is not so much for the brain or the hip, but really the testes or the eyes. Those are the areas that are most sensitive to radio frequency, because they get hot and they dont have the blood vessels to cool off. But thats not all.An earlier published paper revealed that cell phone radiation kills brain cells that are associated with learning and memory, and may therefore trigger Alzheimers. CLIP
Mobile phone use 'raises children's risk of brain cancer fivefold' (21 September 2008) http://www.independent.co.uk/news/science/mobile-phone-use-raises-childrens-risk-of-brain-cancer-fivefold-937005.html
Alarming new research from Sweden on the effects of radiation raises fears that today's youngsters face an epidemic of the disease in later life - Children and teenagers are five times more likely to get brain cancer if they use mobile phones, startling new research indicates.The study, experts say, raises fears that today's young people may suffer an "epidemic" of the disease in later life. At least nine out of 10 British 16-year-olds have their own handset, as do more than 40 per cent of primary schoolchildren.Yet investigating dangers to the young has been omitted from a massive £3.1m British investigation of the risks of cancer from using mobile phones, launched this year, even though the official Mobile Telecommunications and Health Research (MTHR) Programme - which is conducting it - admits that the issue is of the "highest priority".Despite recommendations of an official report that the use of mobiles by children should be "minimised", the Government has done almost nothing to discourage it.Last week the European Parliament voted by 522 to 16 to urge ministers across Europe to bring in stricter limits for exposure to radiation from mobile and cordless phones, Wi-fi and other devices, partly because children are especially vulnerable to them. They are more at risk because their brains and nervous systems are still developing and because - since their heads are smaller and their skulls are thinner - the radiation penetrates deeper into their brains. CLIP
The Link Between Bras and Breast Cancer http://willthomasonline.net/willthomasonline/A_Pinch_Of_Cancer.html
(...) "Less oxygen and fewer nutrients are delivered to the cells, while waste products are not flushed away," the Singers noted. After 15 or 20 years of bra-constricted lymph drainage, cancer can result. Looking at other cultures, Soma and Syd were struck by the low incidence of breast cancer in poorer nations awash in pesticides dumped by northern nations. They didn't find peasant women wearing push-up bras. Instead, they discovered that the Maoris of New Zealand integrated into white culture have the same rate of breast cancer, while Australia's marginalized aboriginals have virtually no breast cancer. The same trend held for "Westernized" Japanese, Fijians and other bra-converted cultures. (...) Could bras be the "missing link" in a growing epidemic of breast cancer? Beginning in May, 1991, Soma and Syd Singer's 30-month Bra and Breast Cancer study interviewed some 4,000 women in five major U.S. cities. All were Caucasian of mostly "medium income" ranging in age from 30 to 79. Half had been diagnosed with breast cancer. Almost all of the women interviewed were unhappy with the size or shape of their breasts. Women who chose a bra for appearance, ignoring soreness and swelling, had twice the rate of breast cancer of those who did not. But the most startling statistic was how many women who wore their daytime bras to sleep contracted breast cancer. So did one out seven women strapped into a bra more than 12 hours a day. Bra-free women have just a one in 168 chance of being diagnosed with breast cancer, says Singer. The same as bra-free men."Don't sleep in your bra!" Syd Singer pleads. "Women who want to avoid breast cancer should wear a bra for the shortest period of time possible - certainly for less than 12 hours daily." CLIP
Sorry to ruin the fun, but an ice age cometh (April 23, 2008) http://www.theaustralian.news.com.au/story/0%2C25197%2C23583376-7583%2C00.html
THE scariest photo I have seen on the internet is www.spaceweather.com, where you will find a real-time image of the sun from the Solar and Heliospheric Observatory, located in deep space at the equilibrium point between solar and terrestrial gravity. What is scary about the picture is that there is only one tiny sunspot.Disconcerting as it may be to true believers in global warming, the average temperature on Earth has remained steady or slowly declined during the past decade, despite the continued increase in the atmospheric concentration of carbon dioxide, and now the global temperature is falling precipitously.All four agencies that track Earth's temperature (the Hadley Climate Research Unit in Britain, the NASA Goddard Institute for Space Studies in New York, the Christy group at the University of Alabama, and Remote Sensing Systems Inc in California) report that it cooled by about 0.7C in 2007. This is the fastest temperature change in the instrumental record and it puts us back where we were in 1930. If the temperature does not soon recover, we will have to conclude that global warming is over.There is also plenty of anecdotal evidence that 2007 was exceptionally cold. It snowed in Baghdad for the first time in centuries, the winter in China was simply terrible and the extent of Antarctic sea ice in the austral winter was the greatest on record since James Cook discovered the place in 1770. (...) That the rapid temperature decline in 2007 coincided with the failure of cycle No.24 to begin on schedule is not proof of a causal connection but it is cause for concern.It is time to put aside the global warming dogma, at least to begin contingency planning about what to do if we are moving into another little ice age, similar to the one that lasted from 1100 to 1850. There is no doubt that the next little ice age would be much worse than the previous one and much more harmful than anything warming may do. There are many more people now and we have become dependent on a few temperate agricultural areas, especially in the US and Canada. Global warming would increase agricultural output, but global cooling will decrease it. Millions will starve if we do nothing to prepare for it (such as planning changes in agriculture to compensate), and millions more will die from cold-related diseases.
Methane 'escaping' from Arctic sea bed (September 23, 2008) http://uk.news.yahoo.com/itn/20080923/tuk-methane-escaping-from-arctic-sea-bed-dba1618.html
Scientists fear the rate of global warming could accelerate due to the escape of methane from beneath the Arctic seabed. Huge methane deposits are rising to the surface as the Arctic region heats up, according to preliminary findings. Researchers found massive stores of sub-sea methane in several areas across thousands of square miles of the Siberian continental shelf and observed the gas bubbling up from the sea floor through "chimneys", according to reports. One of the expedition leaders, Orjan Gustafsson, of Stockholm University in Sweden, said researchers had found "an extensive area of intense methane release". Mr Gustafsson said: "At earlier sites we had found elevated levels of dissolved methane. Yesterday, for the first time, we documented a field where the release was so intense that the methane did not have time to dissolve into the seawater but was rising as methane bubbles to the sea surface. These 'methane chimneys' were documented on echo sounder and with seismic [instruments]." The researchers believe escaping sub-sea methane - which is around 20 times more damaging than carbon dioxide - is connected to the recent rises in temperatures in the Arctic region. He added: "The conventional thought has been that the permafrost 'lid' on the sub-sea sediments on the Siberian shelf should cap and hold the massive reservoirs of shallow methane deposits in place." The growing evidence for release of methane in this inaccessible region may suggest that the permafrost lid is starting to get perforated and thus leak methane. The permafrost now has small holes. "We have found elevated levels of methane above the water surface and even more in the water just below. It is obvious that the source is the seabed."
From: Triaka Smith (firstname.lastname@example.org)
Sent: September 13, 2008
Subject: U.S. FOREIGN POLICY
FACT 1 - The U.S. Constitution established a form of government that gave direct governing power to a small minority over the American people at-large. Political power was structured from the top-down in Executive and Legislative branches of government, rather than from the bottom-up taxpayers and consumers, an oligarchical system that gave preference to money interests who influenced politicians.
FACT 2 - Money interests influenced the U.S. government to extend, consolidate and centralize economic, political and military power in what President George H.W. Bush termed the New World Order.
FACT 3 - By the 21st century, the U.S. was the most dominating force in the world with 1,150 military installations in 144 of almost 200 nations on the planet with the world's largest and most powerful military force in human history.
And people wonder why terrorists want to destroy this invasive force?
I wonder why the 2008 Presidential and Congressional candidates do not offer a change in Foreign Policy and why media people do not ask the obvious questions.
From: Beverly Sines (email@example.com)
Subject: Protecting the public interest in any economic "bailout" -- $2300 in shares for each American
Date: 23 Sep 2008
Dennis has a fabulous plan. Each American gets shares worth $23oo to cover their participation in bailing out the crooks who stole our money. Sounds a whole lot better than anything anyone else has offered us, which is zip!
Protecting the public interest in any economic "bailout"
The U.S. government has been turned into an engine that accelerates the wealth upwards into the hands of a few. The Wall Street bailout, the Iraq War, military spending, tax cuts to the rich, and a for-profit health care system are all about the acceleration of wealth upwards. And now, the American people are about to pay the price of the collapse of the $513 trillion Ponzi scheme of derivatives. Yes, that's half a quadrillion dollars. Our first trillion dollar compression bandage will hardly stem the hemorrhaging of an unsustainable Ponzi scheme built on debt "de-leverages."
Does anyone seriously think that our public and private debts of some $45 trillion will be paid? That the administration's growth of the federal debt from $5.6 trillion to $9.8 trillion while borrowing another trillion dollars from Social Security has nothing to do with this? Does anyone not see that when we spend nearly $16,000 for every family of four in our society for the military each year that we are heading over the cliff?
This is a debt crisis, not a credit crisis. Just as FDR had to save capitalism after Wall Street excesses, we have to re-invigorate our economy with real - not imaginary - growth. It does not address the never-ending war on the middle class.
The same corporate interests that profited from the closing of U.S. factories, the movement of millions of jobs out of America, the off-shoring of profits, the out-sourcing of workers, the crushing of pension funds, the knocking down of wages, the cancellation of health care benefits, the sub-prime lending are now rushing to Washington to get money to protect themselves.
The double standard is stunning: their profits are their profits, but their losses are our losses.
This bailout will not bring real jobs back to America. It will not bring back jobs that make things. It does not rebuild our schools, streets, neighborhoods, parks or bridges. The major product of this financial economy is now debt. Industrial capitalism has been destroyed.
In the next few days I will push for a plan that includes equity for every American in any taxpayer investment in this so-called bail-out plan. Since the bailout will cost each and every American about $2,300, I have proposed the creation of a United States Mutual Trust Fund, which will take control of $700 billion in stock assets, convert those assets to shares, and distribute $2,300 worth of shares to new individual savings accounts in the name of each and every American.
I will also insist that all of the following issues be considered in whatever Congress passes:
1. Reinstatement of the provisions of Glass-Steagall, which forbade speculation
2. Re-regulation of the finance, insurance, and real estate industries
3. Accountability on the part of those who took the companies down:
a) resignations of management
b) givebacks of executive compensation packages
c) limitations on executive compensation
d) admission by CEO's of what went wrong and how, prior to any government bailout
4. Demands for transparency
a) with respect to analyzing the transactions which took the companies down
b) with respect to Treasury's dealings with the companies pre and post-bailout
5. An equity position for the taxpayers
a) some form of ownership of assets
6. Some credible formula for evaluating the price of the assets that the government is buying.
7. A sunset clause on the legislation
8. Full public disclosure by members of Congress of assets held, with possible conflicts put in blind trust.
9. A ban on political campaign contributions from officers of corporations receiving bailouts
10. A requirement that 2008 cycle candidates return political contributions to officers and representatives of corporations receiving bailouts
And, most importantly, some mechanism for direct assistance to homeowners saddled with unreasonable or unmanageable mortgages, as well as protection for renters who have lived up to their obligation but fall victim to financial tragedy when the property they live in undergoes foreclosure.
These are just some thoughts on the run. You will hear more from me tomorrow.
Now is the Time to Resist Wall Street's Shock Doctrine
Naomi Klein - September 22, 2008
I wrote The Shock Doctrine in the hopes that it would make us all better prepared for the next big shock. Well, that shock has certainly arrived, along with gloves-off attempts to use it to push through radical pro-corporate policies (which of course will further enrich the very players who created the market crisis in the first place...).
The best summary of how the right plans to use the economic crisis to push through their policy wish list comes from Former Republican House Speaker Newt Gingrich. On Sunday, Gingrich laid out 18 policy prescriptions for Congress to take in order to "return to a Reagan-Thatcher policy of economic growth through fundamental reforms." In the midst of this economic crisis, he is actually demanding the repeal of the Sarbanes-Oxley Act, which would lead to further deregulation of the financial industry. Gingrich is also calling for reforming the education system to allow "competition" (a.k.a. vouchers), strengthening border enforcement, cutting corporate taxes and his signature move: allowing offshore drilling.
It would be a grave mistake to underestimate the right's ability to use this crisis -- created by deregulation and privatization -- to demand more of the same. Don't forget that Newt Gingrich's 527 organization, American Solutions for Winning the Future, is still riding the wave of success from its offshore drilling campaign, "Drill Here, Drill Now!" Just four months ago, offshore drilling was not even on the political radar and now the U.S. House of Representatives has passed supportive legislation. Gingrich is holding an event this Saturday, September 27 that will be broadcast on satellite television to shore up public support for these controversial policies.
What Gingrich's wish list tells us is that the dumping of private debt into the public coffers is only stage one of the current shock. The second comes when the debt crisis currently being created by this bailout becomes the excuse to privatize social security, lower corporate taxes and cut spending on the poor. A President McCain would embrace these policies willingly. A President Obama would come under huge pressure from the think tanks and the corporate media to abandon his campaign promises and embrace austerity and "free-market stimulus."
We have seen this many times before, in this country and around the world. But here's the thing: these opportunistic tactics can only work if we let them. They work when we respond to crisis by regressing, wanting to believe in "strong leaders" - even if they are the same strong leaders who used the September 11 attacks to push through the Patriot Act and launch the illegal war in Iraq.
So let's be absolutely clear: there are no saviors who are going to look out for us in this crisis. Certainly not Henry Paulson, former CEO of Goldman Sachs, one of the companies that will benefit most from his proposed bailout (which is actually a stick up). The only hope of preventing another dose of shock politics is loud, organized grassroots pressure on all political parties: they have to know right now that after seven years of Bush, Americans are becoming shock resistant.
From: Larry Stell (firstname.lastname@example.org)
Subject: The financial meltdown explained
Date: 20 Sep 2008
This is a long story, but if you have any interest in what's going on in the financial markets, I think you'll find it a more useful analysis than you're likely to find anywhere else.
Also, it's an important set-up for today's video.
Without this article, you'll still get value from the video, but with it, you'll REALLY know what's going on better than most people on earth... including financial news reporters.
I encourage you to invest the five minutes it will take to read this. If not, you can skip to the link at the bottom.
A short explanation of how we got to where we are
Today's banking crisis is the THIRD trillion dollar plus US-caused financial meltdown in the last twenty years.
Each one of these crises came into being through the same basic mechanism...the fraudulent over-valuing of financial assets by Wall Street - with a "wink and a nod" (and sometimes a lot more) from the White House and Congress.
The fraudulently valued assets stimulate the economy, impart the illusion of health and then, inevitably, the fraud goes too far and the whole house of card comes painfully crashing back to earth.
The three trillion dollar plus frauds were:
Fraud #1: The so-called "Savings and Loan Crisis" of the late 80s
Fraud #2: The so-called "Tech Bubble" of the late 90s
Fraud #3: The so-called "Credit Crisis" of today
How the scam works
The mechanism of these frauds is simplicity itself...
...Take a shaky financial asset and blow up its value and then sell as much of it as you can.
In the "Savings and Loan Crisis," the instrument was junk bonds.
In the "Tech Bubble" it was Internet stocks.
In the "Credit Crisis" it was individual mortgages collected into pools and then re-sold to investors.
In each case, normal, well established "bread and butter" financial principles were consciously thrown away by Wall Street with no hint of protest from federal regulators.
The "Savings and Loan Crisis" dissected
Junk bonds caused the Saving and Loan crisis which resulted in the US taking over the assets of hundreds of banks and selling them back over time to the marketplace at fire sale prices.
Junk bonds, which caused the "Savings and Loan Crisis" were shaky bonds that were pumped up by deliberate misrepresentation and what I call "staged dealing."
Bonds get their value from two things: the amount of interest they pay and how safe they are.
"Junk" bonds have to pay higher interest because they are less safe. Therefore, until the "Savings and Loan Crisis," savings and loan banks banks were not allowed by law to buy them and call them assets.
Reagan/Bush changed all this and then a group of Wall Street fraudsters used the new loophole to kick off an orgy of junk bond creation and junk bond selling to banks and insurance companies.
The crooks would deal the junk bonds back and forth amongst themselves thereby establishing their "value" and then they'd sell them to outsiders. The bonds then became "assets" which could be borrowed against and leveraged to buy even more bonds.
When the bonds failed, the banks failed and in stepped the US government to "fix" the problem that it created at the cost of at least one trillion dollars to US tax payers.
Deja vu, eh?
The "Tech Bubble" dissected
The instrument of fraud in the "Tech Bubble" was Internet stocks, start ups in particular.
A stock gets its value from the underlying company's sales, its growth and its overall prospects for the future.
Pre-tech bubble, companies used to have to prove themselves by being in existence for several years before they could be sold on major exchanges. That standard was thrown away during the tech bubble.
To pump of their values, the companies engaged in "staged dealing" just like the junk bond crooks.
Company #1 would "sell" 20 million dollars in banner ads to Company #2 which would in turn "sell" 20 million in banner ads to Company #1.
In fact, nobody sold anybody anything. Company #2 ran ads for Company #1 and billed it for them. Company #1 ran ads for Company #2 and billed for an equal amount.
These should have been called media trades not sales, but Wall Street was happy to claim them as legitimate cash sales and then use the sales numbers to fraudulently value these companies - many of them totally worthless - in the hundreds of millions and sometimes even the billions.
The "Credit Crisis" dissected
By now, you see how the scheme works.
It's not complicated at all.
You take near worthless pieces of paper (junk bonds, stock of start up Internet companies, etc.) and declare them to be good as gold.
Then you create as many junk bonds and Internet start up stocks as you get and sell them as fast as you can.
In the case of our current crisis, the instrument of fraud was so-called sub-prime mortgages.
Previously, sub-prime mortgages had very little trading value. Only people in the sub-prime industry itself dealt in them and for good reason. They're tricky to value and packed with financial peril.
But Wall Street changed all that.
Wall Street said: "If we take LOTS of these mortgages and assemble them into large pools and then slice and dice the pools in various ways, we can sell the slices to banks and other investors as AAA paper."
It sounds crazy, doesn't it?
If the underlying pieces of paper are garbage, how does assembling a whole bunch of garbage into one place make it "better?"
It doesn't, of course, and this is a principle even a three year old child can understand.
But greed and the need to pump up a shaky economy for propaganda purposes are two very strong motivators.
Banks created these mortgage pools, sold them to each other, and they by virtue of these "staged sales" declared them valuable.
Do you recognize the pattern now?
If you do, then you are now smarter than all the assembled j@ck@sses who do financial reporting because they apparently can't - or won't.
This is the THIRD trillion-dollar plus fraud driven financial meltdown in twenty years and apparently no one in the financial news media can see how it happened.
But there's more...
Junk bonds were mass manufactured as fast as the crooks could invent them. Ditto for Internet stocks.
But how did hundreds of billions of dollars worth of "toxic" mortgages suddenly come into being?
Why did the mortgage industry change its lending standards so radically and so suddenly to make their creation possible?
And why did real estate lending regulators in all 50 states - because real estate lending is a STATE-level issue not a federal - go along with it?
Here's where it gets very interesting...
The fact is state-level lending regulators were VERY concerned about what was going on. They have been for years.
And they not only expressed their concern clearly, they also took SERIOUS concerted legal action to stop lenders from making bad real estate loans to their citizens.
(Most of the sub-prime loans in the news so much today were designed to screw the people who borrowed the money and can rightly be called "predatory" loans.)
Guess who stopped the states from enforcing their own time-proven real estate lending laws and thus created the raw material that made the current "Credit Crisis" possible?
The trillion dollar plus question
If you're a US taxpayer, you're going to pay for this fraud so you might as well know who did it to you.
His initials are GB.
You know him well.
But perhaps more interesting is the name of the person who single-handedly rallied first state attorneys general and then fellow governors to fight the creation of these loans and who in the process became Public Enemy
1 to the Bush Administration...
His initials are ES.
If you follow "silly" US political scandals, you'll recognize his name instantly when you hear it.
And you will *finally* understand why he was quickly and permanently assassinated politically earlier this year.
Had ES been allowed to "live," he would have been in position to remind everyone every day of who made the current meltdown possible.
Instead, he was silenced very effectively. Not with a bullet in the back of the head, but the net effect was just the same.
So effective was his assassination that no one can even mention his name in connection with today's crisis without risking ridicule, or worse.
The crisis this fraud has created is *exponentially* bigger than the S & L and Tech Bubble combined.
It's not going to be resolved by a quick "patch up" and will likely have the same impact on the current generation that the depression of the 1930s had on its parents, grandparents and great grandparents.
On that cheerful note, here's the big story everyone missed this year and now you'll finally know what REALLY happened and why:
Bush Requests up to $1 Trillion in Bailouts http://www.truthout.org/article/bush-requests-1-trillion-bailouts
Edmund L. Andrews, The New York Times: "The Bush administration, moving to prevent an economic cataclysm, urged Congress on Friday to grant it far-reaching emergency powers to buy hundreds of billions of dollars in distressed mortgages despite many unknowns about how the plan would work. Henry M. Paulson Jr., the Treasury secretary, made it clear that the upfront cost of the rescue proposal could easily be $500 billion, and outside experts predicted that it could reach $1 trillion. The outlines of the plan, described in conference calls to lawmakers on Friday, include buying assets only from United States financial institutions but not hedge funds and hiring outside advisers who would work for the Treasury, rather than creating a separate agency. Democratic leaders immediately pledged to work closely with Mr. Paulson to pass a plan in the next week, but they also demanded that the measure include relief for deeply indebted homeowners, not just for banks and Wall Street firms."
Bush Brings WMD Line to Wall Street http://www.truthout.org/article/bush-brings-wmd-line-wall-street
"Remember how President Bush got Condoleezza Rice and Colin Powell to run around warning about Saddam Hussein's nuclear bombs? This phony scare tactic got Congress to give him the authorization he needed to start the Iraq war. Even though his credibility has vanished, in large part because of the Iraq war, President Bush is again using a lie to cow Congress into giving him a huge blank check. This time, the check is for $700 billion, to be handed over to Treasury Secretary Henry Paulson, to spend pretty much as he wants."
Can You Trust a Wall Street Veteran With a Wall Street Bailout? http://www.truthout.org/article/can-you-trust-a-wall-street-veteran-with-a-wall-street-bailout
"Making the rounds on the Sunday morning talk shows, Treasury Secretary Henry Paulson repeatedly said today's financial problems were long in the making. He should know. He was part of the Gold Rush that has brought the global financial system to the brink of collapse. Paulson presided over one of the most profitable runs on Wall Street as chairman and chief executive officer of investment banking titan Goldman Sachs & Co. from 1999 until President Bush nominated him on May 30, 2006 to take over the Treasury Department."
Paul Krugman | Cash for Trash http://www.truthout.org/article/cash-trash
"Some skeptics are calling Henry Paulsons $700 billion rescue plan for the U.S. financial system 'cash for trash.' Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq."
Who Will Speak For Us? by Jim Kirwan (9-21-8) http://www.rense.com/general83/whowill.htm
The short answer is "no one" because we have chosen to abstain from speaking for ourselves. As a result; the government no longer fears the people; so the people having chosen not to have a voice, are increasingly used and abused to further the takeover that has now become impossible to escape. The government is saying among themselves, that this meltdown will encompass credit cards, student loans, all the pension funds, social security and virtually everything else including our non- existent jobs programs-not to mention the fact that we're looking at real job loses this year of over a million people. This is part of their defense for saddling the public with more than $11 TRILLION in debt, without any relief for the public that is expected to pay for this obscene crime. (...) This so-called government in Washington no longer represents the people of this land, they only represent the corporations and the global interests of the ancient New World Order that seek to enslave Americans along with everyone else. In this case the idea is to create a fire-sale out of a once thriving economy in order to buy up what's left of this country at bargain prices, before they declare themselves the sole owners of the world. The second amendment was placed in the Constitution in order for the public to have the means to form militias that could take back the nation, if that ever became necessary. Apparently the time has come for the public to begin to give more than idle thought to this crisis that threatens to literally remake the entire structure of this nation and the world. If the congress cannot put monetary and legal limits on this legislation, and if the congress and the White House are allowed to pass something that does not insure the survival of the general public which they shall have so freely and unconditionally taxed beyond all bounds of sanity: then we must have a revolution in the streets! The government needs to come again, to fear the public, because they have proven beyond all doubt that they are unfit to lead anyone anywhere, ever again! Their list of on-the-record failures is staggering, and to any sentient being it is "unbelievable" even before they have added this final insult to the pending total collapse! "Capitalism must be checked, and leashed forever, so that these crimes can never-again be repeated in the public's name. The laws on the books must be enforced, and everyone involved in creating this hijacking must have everything they own confiscated and go to jail at the very least: because to do less would be to encourage these new-old Robber-Barons to continue with business as usual. Please remember: What is at stake is EVERYTHING monetary, all pensions, retirement funds, social security, credit cards, bank loans of any kind, not to mention the total lack of any funds for legitimate business costs or expansions-the jobs don't matter because they're gone already! Offshore-anything must be heavily taxed or forbidden outright. No person with a hyphenated nationality ought to be allowed to hold any high office in this nation: at the very least our representative offices must be reserved for Americans only: and all foreign interest groups must be registered as such including AIPAC; that way whatever they do can be traced back to those who are directing their actions and their influence will at least be on-the- record. The choice is simple, we must clean house because virtually everything that has been running everything, at the highest levels, is corrupt! If we can't do this, then we shall become the slaves that those on top, have now decided, that we should be! So either we find our long unused voices and our bodies to demand an end to all of this, or we shall set precedent, by caving in to tyranny at the point of those guns that we gave them with our long-held silence about everything they have done; both to us and to the rest of the planet!
From: Thomas Greco (email@example.com)
Subject: The Inevitable End of the Central Banking and Political Money Regime
Date: 21 Sep 2008
The Inevitable End of the Central Banking and Political Money Regime
The present disorder in the financial markets and the cascading failures of financial institutions come as no surprise. Those who recognize the impossibility of perpetual exponential growth and who understand how compound interest is built into the global system of money and banking expect the continuation of periodic "bubbles" and "busts," each of increasing amplitude until the systems shakes itself apart.
Engineers call this phenomenon, "positive feedback." Such a system cannot find equilibrium. Imagine a heating system in which the thermostat, sensing a rise in temperature, calls for more heat instead of less. Such is the nature of the debt-money system. The imposition of interest on the debt by which money is created, demands that more debt be created. Such is the debt imperative which gives rise to a growth imperative. Among other things, it prevents the emergence of a steady state economy.
Is this the final round? Who can say? Can the system be saved yet one more time? Maybe.
Under the central banking regime which has become all but universal in countries around the world, money has been politicized. The collusion between politicians and international bankers enables governments to extract wealth from the economy by deficit spending and banks to extract wealth by charging interest on money as they create it by making loans. These two parasitic elements take wealth away from productive members of society and lavish it on military adventures, international intrigues, wasteful boondoggles, and financial finaglers.
When the system spins out of control what will come out of the chaos? It is impossible to predict but here are two strong possibilities. When the dollar collapses the financial and political elite class will certainly try to orchestrate a new global monetary regime based on the same old mechanisms for centralizing power and concentrating wealth in their own hands, seeking to complete the New (feudal) World Order which has been abuilding for the past three hundred years. Another possibility is the emergence of the kind of decentralized, democratic, and sustainable system we have been advocating for a long time.
We had better get ready to seize the opportunity that accompanies this impending crisis.
How? By organizing ourselves in our local communities and affinity groups to reclaim the credit commons, to create interest-free, non-dollar, non-bank exchange mechanisms and payment media. This is not as hard as it seems We already know how to do it. All it takes is organization and will.
Back to the current crisis, we should consider the possible actions of America's creditors. According to Paul Joseph Watson & Yihan Dai, in and article in Prison Planet (China Blames Wall Street Meltdown On Fed Overissuance Of Currency) dated Friday, September 19, 2008, "China Finance, China News and Chaobao Financial News, all state owned media outlets, slammed the Fed for taking action that will only make long term economic conditions worse and devalue the dollar by "creating money that does not exist which leads to the inflation of liquidity," a policy contrary to China's position as a holder of vast reserves of US dollars."
Central banks have one true function, that is to manage the effects of the parasitic drain, to decide who will pay the price, who will feel the pain. They can either (1) restrict credit, thus causing recessions, bankruptcies and unemployment; or (2) they can expand credit and inflate the money supply by monetizing debts (either public or private) that are uncollectible.
Given China's position as one of the United States' biggest creditors, it is in a powerful position to determine the outcome of the current and future financial crises. If they don't like the restructuring plan that the financial elite wants to put in place, they can kick over the table by dumping their dollar holdings and causing the value of the dollar to crash through the floor. Organized others acting in cooperation might do the same.
China Blames Wall Street Meltdown On Fed Overissuance Of Currency (September 19, 2008) http://www.prisonplanet.com/china-blames-wall-street-meltdown-on-fed-overissuance-of-currency.html
Chinas state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserves overissuance of currency - which the Chinese say is part of a wider agenda to justify increased control over the global economy.The Bush administration today announced a plan to use hundreds of billions of dollars of taxpayer money to buy up up bad mortgages and other debts. The process of injecting more fiat money into an already over-inflated system had the desired effect - the Dow Jones shot up 450 points - but the dollar, following a brief jump, began to plummet.According to numerous Chinese state media news sources today, the Federal Reserves continued zeal for propping up the market by injecting illusory liquidity is part of an agenda to gain trust and grease the skids for increased government intervention in financial markets. (...) On Wednesday, Chinas official Peoples Daily newspaper, the voice of the ruling Communist party, said that the US had unleashed economic weapons of mass destruction and set off a financial tsunami by allowing Wall Street lenders to trade in subprime debts and unstable financial derivatives, according to a Press TV report.China has previously threatened to liquidate its vast holding of US treasuries, amounting to $1.33 trillion, if Washington imposes trade sanctions to force a yuan revaluation. The Communist power has also repeatedly expressed its anger at the Feds indifference to the weakening dollar. If China were to dump the dollar it would likely set in motion a chain of events that would lead to a collapse of the greenback. We know we are in trouble when the Chinese Communist Party sound like bastions of sound money policy and fiscal conservatism in comparison to the Bush administration and the Federal Reserve, who in creating more money out of thin air continue to bail out their friends on Wall Street while the economic future of hundreds of millions of American citizens is sold down the river.
Press TV interviewed Paris-based financial analyst Max Keiser on the US financial meltdown on September 20. What follows are his free-wheeling comments on the US government bailout of Wall Street and the potential consequences for America.
"We have a treasury secretary in America - Hank Paulson. I'm afraid he's gone insane. He's become like the Colonel Kurtz of Treasury Secretaries. He's gone native. He's co-opted trillions of dollars of American taxpayers' money and he's playing hedge fund like a rogue trader. We have got a rogue trader in the Treasury Secretary's office. He's being aided and abetted by Ben Bernanke who's been discredited as the entire Federal Reserve Bank has been utterly discredited. We're looking at a possible inflationary depression in America and the worse is yet to come, much worse is yet to come."
"To pay for all this insanity from Hank Paulson, they have two options. They can either raise taxes or they can inflate the money supply. They can destroy these things US dollars [waves a dollar bill at the camera]. Dollars 30 years ago used to be backed by this stuff - gold [waves a gold coin at the camera]. Now thanks to Hank Paulson and Ben Bernanke US dollars are backed by these - bananas [waves a banana at the camera]. They're absolutely worthless. Anyone buying US dollars today is going to lose money."
"For the average American, this is what they will experience. The price of food and oil are going to skyrocket due to hyperinflation. The only way they can possibly pay for all these bailouts is to inflate the money supply. This means hyperinflation in America like you had in Germany in the 1920s. This is what the average American will experience: destitution, poverty, social unrest due to flagrant bank mismanagement - and it could have been avoided. But unfortunately the banks in the USA are run by greedy, insane private marketeers and this is the result."
"It's not really a doomsday scenario for the rest of the world. Take Iran for example, you've got a lot of oil and gas. Those prices are going to go up. China has huge savings. The Indian people have huge gold reserves. For the rest of the world this is actually a fantastic thing. Only the US and Britain are going to experience this horrible disconnection with the rest of the world economy. So it's a doomsday for them but there's a certain symmetry here. They spent 20 or 30 years with this neoliberal model hoisting trillions of dollars of debt onto themselves and now it's gone belly up."
"Well if you go back to the 1970's when a similar inflationary spike hit the country you had Paul Volker who was an excellent Fed Chairman, probably the best of the past 100 years - much better than Alan Greenspan or Ben Bernanke who have really discredited the Federal Reserve Bank. Paul Volker at that time did what had to be done which was which was to raise interest rates. You've got to force the recession's last depression onto the American economy but it's necessary. This is what the next president is going to face - a choice which is not going to be tenable for the American people. They're going to have to experience a severe economic contraction so that there is some balance restored to the economy."
"Unfortunately the fear at this point is that is that the laws have been changed. Hank Paulson has done a power grab. When George Bush came into office he did a power grab. When 9-11 happened they did another power grab. They have dictatorial powers now. So now you've got this lunatic, Hank Paulson with a multi-trillion dollar hedge fund who's basically running the economy like a rogue trader."
"Hank Paulson has a multi-trillion dollar hedge fund and he doesn't appear to be in control of his own mental faculties. He appears to have gone insane."
"There wasn't really ever a strong American economy. There was a lot of debt over the past 30 years and this debt has built up. Just look at the average American. They weigh 300 pounds, they waddle around the malls shopping all day. They're not healthy. This is because there's too much debt in the system, too much easy money. Cheap money is what created this problem and it's been going on for 20 or 30 years. Unfortunately the labor movement in America has been decimated. They've been told for 20 or 30 years that it's a trickle down economy and that everyone can get rich in America."
"The problems are here but the people who created this nightmare are gone. Cheney has already got his Halliburton corporation headquartered in Dubai. He's already out of the picture. All these crooks are going to be leaving this country. They're not going to stay for all of the rioting there's going to be in America."
"Remember in Karachi a few weeks ago there was rioting at the Stock Exchange because of the very same thing that Paulson and Bernanke are doing today on the New York stock Exchange, imposing price-fixing and government intervention."
There is a busy little private company you probably never have heard about, but which you should. Its name is the Depository Trust & Clearing Corporation. See their website. Looks pretty boring. Some kind of financial service thing, with a positive slogan and out there to make a little business. You can even get a job there. Now, go and take a look at their annual report. Starts with a nice litte Flash presentation and has a nice message from the CEO. And take a look at the numbers. It turns out that this company holds 23 trillion dollars in assets, and had 917 trillion dollars worth of transactions in 2002. That's trillions, as in thousands of thousands of millions. 23,000,000,000,000 dollars in assets.
As it so turns out, it is not because DTCC has a nice website and says good things about saving their customers money that they are trusted with that kind of resources. Rather it is because they seem to have a monopoly on what they do. In brief, they process the vast majority of all stock transactions in the United States as well as for many other countries. And - and that's the real interesting part - 99% of all stocks in the U.S. appear to be legally owned by them.
In the old days, when you owned stocks you would have the stock certificates lying in your safe. And if you needed to trade them, you needed to get them shipped off to a broker. Nowadays that would be considered very cumbersome, and it would be impractical to invest via computer or over the phone. So the shortcut was invented that the broker would hold your stocks instead of you. And in order for him to legally be able to trade them for you, the stocks were placed under their "street name". I.e. they're in the name of the brokerage, but they're just holding them in trust and trading them for you. And you're in reality the beneficiary rather than the owner. Which is all fine and dandy if everything goes right. Now, it appears the rules were then changed so the brokers are not allowed any longer to put the stocks in their own name. Instead, what they typically do is to put the stocks into the name of "Cede and Company" or "Cede & Co" or some such variation. And the broker might tell you that it is just a fictitious name, and will explain why it is really more practical to do that than to put it in your name.
The problem with that is that it appears that Cede isn't just some dummy name, but an actual corporation that DTCC controls. And, well, if you ask anybody about this, who actually knows about it, they will naturally tell you that it is all a formality. To serve you better, of course. And, well, maybe it is. DTCC seems like a nice and friendly company. It is a private company, owned by the same people (major U.S. banks) who own the Federal Reserve Bank. And if they all stick to their job, and just keep the money and your stocks flowing smoothly, I'm sure that is all well and good. But if somebody at some point should decide otherwise, and there's a national U.S. emergency and/or the U.S. government becomes unable to pay its debts, well, they might just not give you your stocks back. Because legally they own them. Something to think about.
An fascinating article about this whole thing is here. I will include it at the bottom too, in case it should disappear. Not that I can vouch for or agree with everything the guy is saying, and some of it is a little whacko, but obviously he's been researching this quite a bit. You'll find very little about it on the net otherwise.
The Unknown $19 Trillion Depository Trust Company
by Anthony Wayne
Part I of II
This exclusive report is a compilation of interviews and background research from October 1995 through April 1999.
The Depository Trust Company (DTC) is the best kept secret in America. Headquartered at 55 Water Street in New York City, the average American has no clue that this financial institution is the most powerful banking corporation in the world. The general public has no knowledge of what the DTC is or what they do. How can a private banking trust company hold assets of over $19 trillion and be unknown? In a recent press release dated April 19, 1999, the Depository Trust Company stated:
The Depository Trust Company (DTC) is the world's largest securities depository, holding nearly $19 trillion in assets for its Participants and their customers.... Last year, DTC processed over 164 million book-entry deliveries valued at more than $77 trillion.
The Financial Crisis On Wall Street & The Gang of Zionists Behind 9-11
By Christopher Bollyn
Ben Shalom Bernanke, the chairman of the Federal Reserve, is the dedicated Zionist Jew behind the $85 billion taxpayer-funded bailout of Maurice Greenberg's criminal enterprise, A.I.G.
Adding Insult to Injury: Hard-pressed American Taxpayers Forced to Bailout Zionist Gangsters Behind 9-11
Update September 21, 2008
Maurice Greenberg, the Zionist criminal behind A.I.G. is deeply involved in the false flag terror of 9-11.
The current financial crisis in the United States involves some of the very same Zionist criminals and entities that I pointed out in my recent chapter, "The Architecture of Terror: Mapping the Israeli Network Behind 9-11."
The collapse of their criminal scams on Wall Street could result in more information coming out about the Zionist gangsters behind 9-11.
Such outrageous criminal scams cannot be kept hidden for long.
The government loan of $85 thousand millions of U.S. taxpayer dollars ($85 billion) to keep afloat Maurice Greenberg's criminal operation, American International Group (A.I.G.), brings into the spotlight one of the key individuals in the Zionist criminal network behind 9-11.
THE DEVOTED ZIONIST BEHIND THE A.I.G. BAILOUT
It should come as no surprise that the key person behind this unprecedented government bailout of A.I.G., a huge Zionist criminal operation, is himself a devoted Zionist. Ben Shalom Bernanke, the chairman of the Federal Reserve System, is another Hebrew-speaking scion of the Jewish Theological Seminary of New York City, like Michael Chertoff and Alvin K. Hellerstein.
How can it be that the sons of small group of uneducated Jews from Eastern Europe, who immigrated to the Bronx in the 1900s, now control a nation of 300 million non-Jews? If you were to ask a Zionist Jew from the Jewish Theological Seminary why they control America, they would probably say: "Because we can."
Bernanke has been a religious supporter of Zionist criminals since the 1970s.
Growing up, Bernanke attended the extremist Zionist summer camp (Ramah) of the Jewish Theological Seminary where he was immersed for months in the Zionist ideology of the JTS - in Hebrew. During college in the early 1970s, Bernanke began working directly with the Jewish political crime bosses in South Carolina.
Fischer, born in Rhodesia, also happens to be the current Governor of the Bank of Israel. If you look at Bernanke's biography you will find that he has spent his entire life engaged only in Zionist activities. I have not found any period of Bernanke's life when he was involved in anything other than Zionism.
(I am working on an article to explain the massive Zionist criminal enterprise of A.I.G., primarily owned by Maurice Greenberg. A.I.G. is much more than insurance fraud, and there is nothing "golden" about it, except for its Israeli subsidiary's name. Greenberg's criminal enterprise known as A.I.G. is sprawling and even includes a company (ILFC) that leases and finances aircraft for the airlines and secret government missions such as "enforced renditions."
Maurice Greenberg and Jules Kroll are connected to the key players of 9-11 in so many ways that their connections would fill a book. For the purpose of this chapter, however, there are a few key connections that need to be underlined:
1. Maurice Greenberg and Jules Kroll became partners in 1993, the same year Kroll Associates "was chosen over three other companies to advise the Port Authority on a redesign of its security procedures."
"We have such confidence in them that I have followed every one of their recommendations," Stanley Brezenoff, the Port Authority executive director, told the New York Times in 1994.
2. Kroll controlled security at the World Trade Center complex in 2001 and was responsible for hiring John O'Neill, the former chief of counterterrorism for the FBI, who died on 9-11, reportedly his first day on the new job.
3. Greenberg's son, Jeffrey W. Greenberg, became CEO of Marsh & McLennan (MMC) in 1999 and chairman in 2000. The first plane of 9-11 flew directly into the secure computer room of Marsh (Kroll) USA, part of Greenberg's company. Mark Wood, an eyewitness, said: "It looked like a mid-sized executive jet and the way it turned suggested it was being aimed deliberately at a target."
Congressional Leaders Stunned by Warnings (September 20, 2008) http://www.nytimes.com/2008/09/20/washington/19cnd-cong.html?hp
WASHINGTON It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first. Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent and unusual evening visit to Capitol Hill, and they were gathered around a conference table in the offices of House Speaker Nancy Pelosi. When you listened to him describe it you gulped," said Senator Charles E. Schumer, Democrat of New York. As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program Good Morning America, the congressional leaders were told that were literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally. (...) Although Mr. Schumer, Mr. Dodd and other participants declined to repeat precisely what they were told by Mr. Bernanke and Mr. Paulson, they said the two men described the financial system as effectively bound in a knot that was being pulled tighter and tighter by the day. You have the credit lines in America, which are the lifeblood of the economy, frozen. Mr. Schumer said. That hasnt happened before. Its a brave new world. You are in uncharted territory, but the one thing you do know is you cant leave them frozen or the economy will just head south at a rapid rate. As he spoke, Mr. Schumer swooped his hand, to make the gesture of a plummeting bird. You know wed be lucky ... he said as his voice trailed off. Well, Ill leave it at that. As officials at the Treasury Department raced on Friday to draft legislative language for an ambitious plan for the government to buy billions of dollars of illiquid debt from ailing American financial institutions, legislators on Capitol Hill said they planned to work through the weekend reviewing the proposal and making efforts to bring a package of measures to the floor of the House and Senate by the end of next week. CLIP
Forwarded by Larry Morningstar (firstname.lastname@example.org)
Sen. Sanders of Vermont speaks for me! I think we are well advised to be listening. The timing of the current crisis suggests an orchestrated looting, a final coup-de-grace from Cheney/Bush. The rush to enact buyouts, but only of selected failures, appears to be pre-conceived. Sincerely,
The current financial crisis facing our country has been caused by the extreme right-wing economic policies pursued by the Bush administration. These policies, which include huge tax breaks for the rich, unfettered free trade and the wholesale deregulation of commerce, have resulted in a massive redistribution of wealth from the middle class to the very wealthy.
The middle class has really been under assault. Since President Bush has been in office, nearly 6 million Americans have slipped into poverty, median family income for working Americans has declined by more than $2,000, more than 7 million Americans have lost their health insurance, over 4 million have lost their pensions, foreclosures are at an all time high, total consumer debt has more than doubled, and we have a national debt of over $9.7 trillion dollars.
While the middle class collapses, the richest people in this country have made out like bandits and have not had it so good since the 1920s. The top 0.1 percent now earn more money than the bottom 50 percent of Americans, and the top 1 percent own more wealth than the bottom 90 percent. The wealthiest 400 people in our country saw their wealth increase by $670 billion while Bush has been president. In the midst of all of this, Bush lowered taxes on the very rich so that they are paying lower income tax rates than teachers, police officers or nurses.
Now, having mismanaged the economy for eight years as well as having lied about our situation by continually insisting, "The fundamentals of our economy are strong," the Bush administration, six weeks before an election, wants the middle class of this country to spend many hundreds of billions on a bailout. The wealthiest people, who have benefited from Bush's policies and are in the best position to pay, are being asked for no sacrifice at all. This is absurd. This is the most extreme example that I can recall of socialism for the rich and free enterprise for the poor.
In my view, we need to go forward in addressing this financial crisis by insisting on four basic principles:
(1) The people who can best afford to pay and the people who have benefited most from Bush's economic policies are the people who should provide the funds for the bailout. It would be immoral to ask the middle class, the people whose standard of living has declined under Bush, to pay for this bailout while the rich, once again, avoid their responsibilities. Further, if the government is going to save companies from bankruptcy, the taxpayers of this country should be rewarded for assuming the risk by sharing in the gains that result from this government bailout.
Specifically, to pay for the bailout, which is estimated to cost up to $1 trillion, the government should:
a) Impose a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers. That would raise more than $300 billion in revenue;
b) Ensure that assets purchased from banks are realistically discounted so companies are not rewarded for their risky behavior and taxpayers can recover the amount they paid for them; and
c) Require that taxpayers receive equity stakes in the bailed-out companies so that the assumption of risk is rewarded when companies' stock goes up.
(2) There must be a major economic recovery package which puts Americans to work at decent wages. Among many other areas, we can create millions of jobs rebuilding our crumbling infrastructure and moving our country from fossil fuels to energy efficiency and sustainable energy. Further, we must protect working families from the difficult times they are experiencing. We must ensure that every child has health insurance and that every American has access to quality health and dental care, that families can send their children to college, that seniors are not allowed to go without heat in the winter, and that no American goes to bed hungry.
(3) Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999. That means re-regulating the energy markets so that we never again see the rampant speculation in oil that helped drive up prices. That means regulating or abolishing various financial instruments that have created the enormous shadow banking system that is at the heart of the collapse of AIG and the financial services meltdown.
(4) We must end the danger posed by companies that are "too big too fail," that is, companies whose failure would cause systemic harm to the U.S. economy. If a company is too big to fail, it is too big to exist. We need to determine which companies fall in this category and then break them up. Right now, for example, the Bank of America, the nation's largest depository institution, has absorbed Countrywide, the nation's largest mortgage lender, and Merrill Lynch, the nation's largest brokerage house. We should not be trying to solve the current financial crisis by creating even larger, more powerful institutions. Their failure could cause even more harm to the entire economy.
From: Rob McGowan (email@example.com)
Subject: The Credit Crisis : a 60 year bubble finally bursts
Date: 18 Sep 2008
I have been following your emails since the 90s from my home in Scotland and it has never failed to amaze me how much work and true devotion to the sheer number hours you must put in. You truly do embody the Spirit of Quan Yin ; that you do this work in the service of humanity has always been very clear to me.
The philanthropist billionaire and professional investor George Soros on a live interview(just before the announcement that AIG was being bailed out by the US government) last night hinted that he world is actually only heading into the hurricane.
The fact that AIG has been saved involved the US government taking ownership of 80% of the share capital - this can only ever be a temporary stay of execution for world financial markets. Had AIG fallen today, as the biggest insurance group in the world, the impact would have been too much for the market to take ; beyond contemplation or not, there may be little we can do now as the credit crunch bites back.
Much light is shed on what is actually happening in an article Soros wrote for the Financial Times in January 2008.
Here is an except of some of Soros' credentials :
'George Soros is Chairman of Soros Fund Management, LLC and founder of The Open Society Institute. He was born in Budapest in 1930. He survived the Nazi occupation and then fled communist Hungary for England, where he graduated from the London School of Economics. He then settled in the United States, where he accumulated a large fortune through the investment advisory firm he founded and managed. Mr. Soros has been active as a philanthropist since 1979. He has established a network of philanthropic organizations that are now active in more than 50 countries. These organizations are dedicated to promoting the values of democracy and an open society. The foundation network spends about $400 million annually. Mr. Soros is the author of nine books, including most recently The New Paradigm for Financial Markets The Credit Crisis of 2008 and What it Means. His articles and essays regularly appear in publications around the world.'
His article in the London Financial Times.com in January this year is a wake-up call of some magnitude and sets out what may well be the course of things to come.It was written in January 2008 and his predictions have all panned out :
"Although a recession in the developed world is now more or less inevitable, China, India and some of the oil-producing countries are in a very strong countertrend. So, the current financial crisis is less likely to cause a global recession than a radical realignment of the global economy, with a relative decline of the US and the rise of China and other countries in the developing world. The danger is that the resulting political tensions, including US protectionism, may disrupt the global economy and plunge the world into recession or worse."
- George Soros Chairman of Soros Fund Management
NOTE from Jean: I believe Soros is part of the Cabal, so whatever he says, we should remember that "they" have an agenda they want to achieve through such pronouncements (like "plunge the world into recession or worse"...) IMHO this whole financial market chaos has been entirely premeditated and planned... They are willing to sacrifice some of their fictitious (inflated share value) wealth to impose their oligarchic New World Order...
It's an addiction that threatens our economy, our environment and our national security. It touches every part of our daily lives and ties our hands as a nation and a people.
The addiction has worsened for decades and now it's reached a point of crisis.
In 1970, we imported 24% of our oil.
Today it's nearly 70% and growing.
As imports grow and world prices rise, the amount of money we send to foreign nations every year is soaring. At current oil prices, we will send $700 billion dollars out of the country this year alone that's four times the annual cost of the Iraq war.
Projected over the next 10 years the cost will be $10 trillion it will be the greatest transfer of wealth in the history of mankind.
America uses a lot of oil. Every day 85 million barrels of oil are produced around the world. And 21 million of those are used here in the United States.
That's 25% of the world's oil demand. Used by just 4% of the world's population.
Can't we just produce more oil?
World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn't enough of it to keep up with demand.
The simple truth is that cheap and easy oil is gone.
What's the good news?
The United States is the Saudi Arabia of wind power.
Studies from around the world show that the Great Plains States are home to the greatest wind energy potential in the world by far.
The Department of Energy reports that 20% of America's electricity can come from wind. North Dakota alone has the potential to provide power for more than a quarter of the country.
Today's wind turbines stand up to 410 feet tall, with blades that stretch 148 feet in length. The blades collect the wind's kinetic energy. In one year, a 3-megawatt wind turbine produces as much energy as 12,000 barrels of imported oil.
Wind power currently accounts for 48 billion kWh of electricity a year in the United States enough to serve more than 4.5 million households. That is still only about 1% of current demand, but the potential of wind is much greater.
A 2005 Stanford University study found that there is enough wind power worldwide to satisfy global demand 7 times over even if only 20% of wind power could be captured.
Building wind facilities in the corridor that stretches from the Texas panhandle to North Dakota could produce 20% of the electricity for the United States at a cost of $1 trillion. It would take another $200 billion to build the capacity to transmit that energy to cities and towns.
That's a lot of money, but it's a one-time cost. And compared to the $700 billion we spend on foreign oil every year, it's a bargain.
An economic revival for rural America.
Developing wind power is an investment in rural America.
To witness the economic promise of wind energy, look no further than Sweetwater, Texas.
Sweetwater was typical of many small towns in middle-America. With a shortage of good jobs, the youth of Sweetwater were leaving in search of greater opportunities. And the town's population dropped from 12,000 to under 10,000.
When a large wind power facility was built outside of town, Sweetwater experienced a revival. New economic opportunity brought the town back to life and the population has grown back up to 12,000.
In the Texas panhandle, just north of Sweetwater, is the town of Pampa, where T. Boone Pickens' Mesa Power is currently building the largest wind farm in the world.
In addition to creating new construction and maintenance jobs, thousands of Americans will be employed to manufacture the turbines and blades. These are high skill jobs that pay on a scale comparable to aerospace jobs.
Plus, wind turbines don't interfere with farming and grazing, so they don't threaten food production or existing local economies.
A cheap new replacement for foreign oil.
The Honda Civic GX Natural Gas Vehicle is the cleanest internal-combustion vehicle in the world according to the EPA.
Natural gas and bio-fuels are the only domestic energy sources used for transportation.
Natural gas is the cleanest transportation fuel available today.
According to the California Energy Commission, critical greenhouse gas emissions from natural gas are 23% lower than diesel and 30% lower than gasoline.
Natural gas vehicles (NGV) are already available and combine top performance with low emissions. The natural gas Honda Civic GX is rated as the cleanest production vehicle in the world.
According to NGVAmerica, there are more than 7 million NGVs in use worldwide, but only 150,000 of those are in the United States.
The EPA estimates that vehicles on the road account for 60% of carbon monoxide pollution and around one-third of hydrocarbon and nitrogen oxide emissions in the United States. As federal and state emissions laws become more stringent, many requirements will be unattainable with conventionally fueled vehicles.
Since natural gas is significantly cleaner than petroleum, NGVs are increasing in popularity. The Ports of Los Angeles and Long Beach recently announced that 16,800 old diesel trucks will be replaced, and half of the new vehicles will run on alternatives such as natural gas.
Natural gas is significantly less expensive than gasoline or diesel. In places like Utah and Oklahoma, prices are less than $1 a gallon. To see fueling stations and costs in your area, check out cngprices.com.
Natural gas is our country's second largest energy resource and a vital component of our energy supply. 98% of the natural gas used in the United States is from North America. But 70% of our oil is purchased from foreign nations.
Natural gas is one of the cleanest, safest and most useful forms of energy residentially, commercially and industrially. The natural gas industry has existed in the United States for over 100 years and continues to grow.
Domestic natural gas reserves are twice that of petroleum. And new discoveries of natural gas and ongoing development of renewable biogas are continually adding to existing reserves.
While it is a cheap, effective and versatile fuel, less than 1% of natural gas is currently used for transportation.
We currently use natural gas to produce 22% of our electricity. Harnessing the power of wind to generate electricity will give us the flexibility to shift natural gas away from electricity generation and put it to use as a transportation fuel reducing our dependence on foreign oil by more than one-third.
How do we get it done?
The Pickens Plan is a bridge to the future a blueprint to reduce foreign oil dependence by harnessing domestic energy alternatives, and buy us time to develop even greater new technologies.
Building new wind generation facilities and better utilizing our natural gas resources can replace more than one-third of our foreign oil imports in 10 years. But it will take leadership.
On January 20th, 2009, a new President will take office.
We're organizing behind the Pickens Plan now to ensure our voices will be heard by the next administration.
Together we can raise a call for change and set a new course for America's energy future in the first hundred days of the new presidency breaking the hammerlock of foreign oil and building a new domestic energy future for America with a focus on sustainability.
You can start changing America's future today by supporting the Pickens Plan. Join now.
Implications of a Ten Day Refinery Outage (September 13, 2008) http://www.theoildrum.com/node/4526
Where is our gasoline and diesel supply headed? Even before Ike hit, quite a few areas of the US were starting to see gasoline shortages. The impact of Ike can only make shortages worse. Most likely, it will take refineries at least a week or two to get production back to normal levels after a storm of this type, considering the impacts of electrical outages and flooding. In this article, I will examine some of the issues that seem to be involved. Based on my analysis, fuel supply shortages are likely to last well into October, and are likely to get considerably worse before they get better.Insight 1. Even before Hurricane Ike hit, inventories were very low. According to EIA data, gasoline inventories the week that Hurricane Gustav hit were the lowest that they had been since 2000, amounting to 187.9 million barrels, or about 21 days supply. Quite a bit of this inventory is needed just to keep the pipelines filled. EIA does not publish information as to how far inventories need to drop before we start seeing outages, but it is clear that we have now reached the point where shortages are developing.Insight 2. Friday, September 12, before Hurricane Ike hit, there were already gasoline shortages in some parts of the country. These occurred primarily because of the earlier impact of Hurricane Gustav. Even though Hurricane Gustav hit on September 1, its impact on petroleum product supplies were not felt immediately, because some inventories were still available, and because it takes a while for shortages to work their way through the pipeline. Gasoline traveling by pipeline from Texas to New Jersey takes an average of 18.5 days to make the trip, so it shouldn't be surprising that it took 11 days (from September 1 to September 12) for the Hurricane Gustav shortage to start to be felt.Insight 3. Since Hurricane Gustav hit, there has been a drop in refinery output of 1 to 3 million barrels a day. CLIP
Key provisions of House energy bill (Sept 17. 2008) http://ap.google.com/article/ALeqM5iJn3susM-pVmjUXZOMn9Bhn7kSPQD9382PR00
- Opens federal waters beyond 50 miles from shore along the Atlantic and Pacific coasts to oil and gas drilling, ending drilling bans that have been in effect for 26 years. States would have to agree to drilling for areas between 50 and 100 miles from land. - Rolls back $18 billion in tax breaks for the five largest oil companies and requires energy companies to pay billions of dollars in additional royalties from oil taken from the deep water areas of the Gulf of Mexico under questionable leases issued in the late 1990s. - Requires the release of 70 million barrels of oil from the government's Strategic Petroleum Reserve to put more oil on the market and lower gasoline prices. - Makes it a federal crime for oil companies holding federal leases to provide gifts to government employees, a response to a recent sex and drug scandal involving the federal office that oversees the offshore oil royalty program and energy company employees. - Provides tax credits for wind and solar energy industries, the development of cellulosic ethanol and other biofuels, and purchase of plug-in gas-electric hybrid cars. - Requires utilities to generate 15 percent of their electricity from solar, wind or other alternative energy source. - Gives tax breaks for new energy efficiency and conservation programs including the use of improved building codes low-interest loans for energy efficient homes, and for companies that promote their employees use of bicycles for commuting.
Holding US Officials Responsible for War Crimes termed a Matter of Urgent Importance
by Sherwood Ross
ANDOVER , Mass. (Sept. 13) -- Any attempt to hold high U.S. officials responsible for war crimes likely "will require time and effort but is nevertheless of urgent importance," an authority on international law said today.
Amy Bartholomew, an associate professor of law at Carleton University , Ottawa , Canada , told a conference seeking prosecutions of President George W. Bush and his aides for war crimes that aggression by "the world's most powerful state" must be punished just as less powerful countries are punished.
The U.S. and "its junior partners," she said, "have made varied attempts to undermine the international legal framework with respect to nonintervention and key aspects of human rights protection across the world." To prosecute Bush under the Nuremberg Principles would challenge America 's misbegotten efforts "to replace that framework with something very menacing---a 'global and transnational state of exception.'"
"Despite the attempts by 'human rights hawks' to conceptualize the invasion of Iraq as motivated chiefly by humanitarian concerns---and therefore having a just cause---this excuse was never convincing," Bartholomew said. What's more, "the means of war and occupation have been egregiously disproportionate as just a glance at the torture and mistreatment at Abu Ghraib (prison) and the assault on Fallujah and the use of weapons in illegal ways" demonstrates.
Bartholomew said the Nuremberg Principles term aggressive war "the supreme international crime" in that such war "contains within itself the accumulated evil of the whole." It leads to torture and abuses.
She told a conference of 120 academics, legal authorities, activists, and public officials gathered in Andover that the U.S. seeks to replace the Nuremberg Principles, to which it subscribes by treaty, with "the empire's law" of its own making.
Bartholomew spoke at the "Justice Robert H. Jackson Conference" for planning for the prosecution of high-level American war criminals convened by the prominent law school dean and legal education reformer Lawrence Velvel. Justice Jackson was the American Supreme Court justice who was America's Chief Prosecutor at Nuremberg after World War II.
Bartholomew is the author of "Empire's Law" (Pluto Press).
Eve Ensler, the American playwright, performer, feminist and activist best known for The Vagina Monologues, wrote the following about Sarah Palin.
Drill, Drill, Drill
I am having Sarah Palin nightmares. I dreamt last night that she was a member of a club where they rode snowmobiles and wore the claws of drowned and starved polar bears around their necks. I have a particular thing for Polar Bears. Maybe its their snowy whiteness or their bigness or the fact that they live in the arctic or that I have never seen one in person or touched one. Maybe it is the fact that they live so comfortably on ice. Whatever it is, I need the polar bears.
I dont like raging at women. I am a Feminist and have spent my life trying to build community, help empower women and stop violence against them. It is hard to write about Sarah Palin. This is why the Sarah Palin choice was all the more insidious and cynical. The people who made this choice count on the goodness and solidarity of Feminists.
But everything Sarah Palin believes in and practices is antithetical to Feminism which for me is part of one story connected to saving the earth, ending racism, empowering women, giving young girls options, opening our minds, deepening tolerance, and ending violence and war.
I believe that the McCain/Palin ticket is one of the most dangerous choices of my lifetime, and should this country choose those candidates the fall-out may be so great, the destruction so vast in so many areas that America may never recover. But what is equally disturbing is the impact that duo would have on the rest of the world. Unfortunately, this is not a joke. In my lifetime I have seen the clownish, the inept, the bizarre be elected to the presidency with regularity.
Sarah Palin does not believe in evolution. I take this as a metaphor. In her world and the world of Fundamentalists nothing changes or gets better or evolves. She does not believe in global warming. The melting of the arctic, the storms that are destroying our cities, the pollution and rise of cancers, are all part of Gods plan. She is fighting to take the polar bears off the endangered species list. The earth, in Palins view, is here to be t aken and plundered. The wolves and the bears are here to be shot and plundered. The oil is here to be taken and plundered. Iraq is here to be taken and plundered. As she said herself of the Iraqi war, It was a task from God.
Sarah Palin does not believe in abortion. She does not believe women who are raped and incested and ripped open against their will should have a right to determine whether they have their rapists baby or not.
She obviously does not believe in sex education or birth control. I imagine her daughter was practicing abstinence and we know how many babies that makes.
Sarah Palin does not much believe in thinking. From what I gather she has tried to ban books from the library, has a tendency to dispense with people who think independently. She cannot tolerate an environment of ambiguity and difference. This is a woman who could and might very well be
the next president of the United States. She would govern one of the most diverse populations on the earth.
Sarah believes in guns. She has her own custom Austrian hunting rifle. She has been known to kill 40 caribou at a clip. She has shot hundreds of wolves from the air.
Sarah believes in God. That is of course he r right, her private right. But when God and Guns come together in the public sector, when war is declared in Gods name, when the rights of women are denied in his name, that is the end of separation of church and state and the undoing of everything America has ever tried to be.
I write to my sisters. I write because I believe we hold this election in our hands. This vote is a vote that will determine the future not just of the U.S., but of the planet. It will determine whether we create policies to save the earth or make it forever uninhabitable for humans. It will determine whether we move towards dialogue and diplomacy in the world or whether we escalate violence through invasion, undermining and attack. It will determine whether we go for oil, strip mining, coal burning or invest
our money in alternatives that will free us from dependency and destruction. It will determine if money gets spent on education and healthcare or whether we build more and more methods of killing. It will determine whether America is a free open tolerant society or a closed place of fear, fundamentalism and aggression.
If the Polar Bears dont move you to go and do everything in your power to get Obama elected then consider the chant that filled the hall after Palin spoke at the RNC, Drill Drill Drill. I think of teeth when I think of drills. I think of rape. I think of destruction. I think of domination. I think of military exercises that force mindless repetition, emptying the brain of analysis, doubt, ambiguity or dissent. I think of pain.
Do we want a future of drilling? More holes in the ozone, in the floor of the sea, more holes in our thinking, in the trust between nations and peoples, more holes in the fabric of this precious thing we call life?
Eve Ensler, September 5, 2008
Women Say NO to Palin http://www.opednews.com/articles/Women-Say-NO-to-Palin-by-http://womenagainstsarahpalin.blogspot.com/
We are not in the habit of criticizing women in the public sphere, as we usually feel we should support our female compatriots with as much encouragement as we can. However, Sarah Palin's record is anti-woman. Feminism is not simply about achieving the power and status typically held by men. It's about protecting and supporting the rights of women of all classes, races, cultures, and beliefs. Palin's record and beliefs do not align with this. She was chosen by John McCain specifically because he believes that American women will vote for any female candidate regardless of their qualifications. He is wrong.
From: Mark Graffis (firstname.lastname@example.org)
Subject: Hurricane Cover-up. Reporters not allowed on west side of Galveston
Date: 17 Sep 2008
The short - but eventful - life of Ike (Sept 15, 2008 ) PICTURES of the devastating results of Hurricane Ike http://www.boston.com/bigpicture/2008/09/the_short_but_eventful_life_of.html
In its brief lifespan of only 13 days, Hurricane Ike wreaked great deal of havoc. Affecting several countries including Cuba, Haiti, and the United States, Ike is blamed for approximately 114 deaths (74 in Haiti alone), and damages that are still being tallied, with estimates topping $10 billion. Many shoreline communities of Galveston, Texas were wiped from the map by the winds, storm surge and the walls of debris pushed along by Ike - though Galveston was spared the level of disaster it suffered in 1900. (28 photos total) MUST SEE!
Houston journalists are irate and concerned as a total media blackout occurred in the wake of Hurricane Ike.
"...reporter Wayne Dolcefino revealed that media have been blocked from covering Hurricane Ike's devastation. In a press conference, Dolcefino pressed Gov. Rick Perry on why media aren't even allowed to fly over parts of Galveston Island, noting that media access was far better in Mississippi and Louisiana after Hurricane Katrina."
"I continue to get reports from all corners that there is a high body count. Not to be macabre or disrespectful, but there are leaks coming from Austin, Galveston and Houston that there are bodies floating around Galveston's West End and Bolivar. "
Officials: Texas lab with dangerous pathogens secured
September 12, 2008
(CNN) -- Workers at a Galveston, Texas, laboratory said to contain dangerous biological agents secured the pathogens Friday ahead of Hurricane Ike, officials said.
A patient at the University of Texas Medical Branch at Galveston is helped from the building Thursday.
The pathogens, which include the deadly ebola virus, were purposely destroyed before the staff left the facility in advance of the hurricane, said Gov. Rick Perry's spokesman, Andrew Barlow
A Department of Homeland Security official concurred that all the samples had been destroyed, and the building was locked down, quarantined and "rendered safe."
But a former student who worked at the Level-III laboratory while the Level-IV facility was being constructed and who knows the manager, said she would be surprised if all of the pathogens had been destroyed, since some of them are rare and extremely valuable.
The lab is one of the country's five biosafety labs that are Level-IV, the highest level. Such laboratories typically handle pathogens like smallpox, tularemia and anthrax to develop vaccines and antidotes. [Is that why they won't allow anyone in that area:]
Posted to a forum: It doesn't take a lot of speculation to figure out what's "up". As someone said a few posts back...there are, or may be, many bodies floating among the debris, and there is no reason whatsoever to show these images to the public. How would you like to learn you've lost a friend or relative by seeing their body floating in the flood waters after a hurricane?
I think it's very clear that the western end of Galveston is a total loss. I can't fathom any possible reason to try to hide this fact from the public, it would be impossible. They are simply censoring terrible images of death.
Originally posted by Valhall On the damage forums they are stating that Galveston authorities are making statements that the west end of the island is permanently gone. The whole tip of the island itself.
Channel 13. The fireworks are firing!
A reporter is grilling the City Manager. It's getting very heated. The reporter is confirming that they are being kept out of BOTH Boliver and the West End. He's calling the restrictions unprecedented. He specifically said this had never been done to media choppers before. He demanded a justification.... none was given. The desk anchor said they "were fighting for our right to know."
Former Tylerites Braved the Storm in Galveston, Houston
September 15, 2008
The following is a first-hand account of the destruction of Galveston Island by Hurricane Ike by Mark Collette, former Tyler Paper reporter, who lives there with his wife, Rhiannon Meyers, also a former Tyler Paper reporter and now a reporter for the Galveston County Daily News.
Collette sent an e-mail, from which this information was included, to let friends and family know they are doing fine.
"The island, as a whole, looks like a war zone. The structures that werent destroyed have been ruined by water. Fire destroyed at least 17 buildings. One entire apartment building collapsed."
"Every structure built over the water in front of the Seawall was destroyed and left little trace, except for the Flagship Hotel, which was severely damaged and separated from the island."
"Some people are believed to still be inside but cannot be reached immediately because the pilings on the building were damaged, so a helicopter cant land on top."
"Much if not most of the property on the Bolivar Peninsula is now debris. Homes on the West End of Galveston Island that used to be behind the dunes are now over open water. The Seawall was covered in chunks of concrete that weigh hundreds of pounds."
"Authorities are still in search-and-rescue mode. About 24,000 people didnt heed evacuation orders. Rescuers are leaving the dead in houses and moving on to look for the living.
"Unlike in New Orleans after Katrina, they are not spray painting a giant "X" on a building when they find bodies. Instead, they are putting discrete stickers on the buildings. On the one hand, government officials seem to be trying to keep the media from portraying the true extent of the disaster, but on the other hand officers are tipping off reporters about deaths and rescues."
Rhiannon said the amount of buildings reduced to rubble suggests that more bodies will be found and the magnitude of the disaster will become clearer in the coming days. A couple thousand have probably been rescued, a couple thousand have left the island on buses since the storm. Thankfully, for those who remain, the government has arrived with food, water and ice, and the weather has cooled so that people can stay comfortable just with open windows.
Some 820,000 Texas customers still without power (Sept 22, 2008) http://news.yahoo.com/s/nm/20080923/us_nm/us_utilities_ike_power;_ylt=AjIlFncuTO5jc3MmgWlB6yus0NUE
NEW YORK (Reuters) - Some 820,000 customers in Texas remained without power on Monday, nine days after Hurricane Ike hit the Gulf Coast before cutting a destructive path all the way to New York. CenterPoint Energy Inc, the power company for most of the Houston area, still had about 767,000 customers in Texas without power early Monday, down from 2.15 million at the height of the storm.CenterPoint predicted its team of 11,000 restoration workers would return power to most of the Houston area by Thursday. The company could not estimate when it will return service to homes and businesses along the Gulf Coast, including Galveston where the storm made landfall early on September 13.Entergy Corp, the other hard-hit power provider in Texas, said 52,000 customers were still without power in eastern Texas, down from the 392,000 affected.Entergy now says that it will have all of its Texas customers restored to electrical service by October 6, earlier by as much as 12 days for some customers.CenterPoint and Entergy Texas said Ike knocked out service to about 99 percent of their Texas customers.Ike hit the Galveston-Houston area as a Category 2 storm with winds of 110 mph. Overall, the storm cut power to more than 7.7 million homes and businesses in Arkansas, Illinois, Indiana, Ohio, Kentucky, Louisiana, Michigan, Missouri, New York, Ohio, Ontario, Pennsylvania, Texas and West Virginia as it marched from Texas to the Northeast from September 12-19. CLIP
Ike victims attempt to return, but get turned away (September 17, 2008) http://news.yahoo.com/s/ap/20080917/ap_on_re_us/ike;_ylt=AtbadJpwsERJ.crcddGaVE2s0NUE
GALVESTON, Texas - Residents of this hurricane-wrecked island city launched an ill-advised attempt to return to their crippled hometown Wednesday, but instead fumed in hours of gridlocked traffic only to be turned away at the bridge. Traffic backed up for 20 miles along Interstate 45, the one route onto Galveston Island, jockeying for position with utility workers, repair crews and police trying to begin repairs to the city wrecked by Hurricane Ike five days ago.The city announced Tuesday that people could briefly return under a new "look and leave" plan, causing evacuees all over the state to pack up and head for the coast. Hours later, it abruptly halted the policy out of fear of just the sort of roadway chaos occurring on Wednesday.Some people in the long line angrily complained that they'd never heard the policy was rescinded."I don't understand this," Carlos Azucena said Wednesday, motioning toward repair workers after waiting in line three hours before he was rejected in his third try to go home. "You see those other people. They don't even live here; I live in Galveston."Ike's death toll in the U.S. climbed past 50 Wednesday and appeared to level off in Texas, where search teams pulled out of Galveston having searched the entire island for survivors. The task force had checked on almost 6,000 people and performed more than 3,500 rescues since Friday. Seventeen people have died in the state. Homeland Security Secretary Michael Chertoff was reviewing damage during his second stop in the state since Ike. In Houston, the nation's fourth-largest city where power was still out and people were still lining up at dozens of distribution centers for basic needs, Chertoff said distribution of food and water were going smoothly."I'm happy to see that things are moving there," said Chertoff, who also reviewed operations at FEMA's primary distribution center. "We will continue to make sure the flow to the (centers) works uninterrupted."His appearance comes a day after local officials complained that supplies were slow in getting to distribution points, and that the entire process had glitches. Chertoff also said the federal government was working to help restore electricity to Houston, where nearly 1.4 million people were without power, probably until next week. CLIP
Ike survivors, officals give FEMA mixed reviews http://news.yahoo.com/s/ap/20080917/ap_on_re_us/ike_fema_s_test_1
HOUSTON - Hurricane Katrina made them worthless feds in windbreakers, a four-letter agency for which some couldn't find enough four-letter words. And in the aftermath of Hurricane Ike, FEMA is again the easy target for displaced residents and frustrated local authorities. CLIP
Millions still feeling Ike's aftereffects http://www.usatoday.com/news/nation/2008-09-16-IkeDay4_N.htm?csp=34
HOUSTON Rescue crews pulled out of Galveston and the death toll climbed to 51 Wednesday as a broad swath of the country from the Gulf Coast to the upper Midwest reeled from the aftereffects of Hurricane Ike.For millions living in the affected areas, there was no need to imagine anything worse than Ike's 110-mph winds. More than 6 million people, including 2.5 million in Texas, lost power after the storm slammed ashore Saturday. Nearly 3.9 million remained without electricity Tuesday.The death toll climbed to 51 Wednesday as another death was reported in Texas, including the first in Brazoria.Search crews pulled out CLIP
Storm damage in Cuba tops $5 billion (Sep. 16, 2008) http://www.miamiherald.com/news/miami-dade/breaking-news/story/688479.html
Losses from two back-to-back hurricanes in Cuba that wiped out housing, crops, electrical lines, schools and hospitals from coast to coast will cost about $5 billion, the Cuban government announced Tuesday.An approximately 3,000-word statement published in Tuesday's Cuban newspaper Granma marks the first time the Cuban government has quantified the nationwide damage of Hurricanes Gustav and Ike.The figures published paint a daunting figure for a nation that was already facing a housing crisis, low agricultural production and shortages of key materials. The government said more than 444,000 homes were damaged, 63,249 destroyed. The number is slightly lower than the figure released by the government over the weekend. CLIP
Cuba rejects relief aid from US (September 16 2008) http://www.guardian.co.uk/world/2008/sep/16/usa.cuba
Cuban government says it cannot accept help from a country with an economic embargo against it -- Cuba has rejected a $5m (£2.8m) offer for relief assistance from Washington, saying it cannot accept help from a country with an economic embargo against it, and instead renewed its request to allow the communist country to make purchases with credit.In a statement made public yesterday, the Cuban government asked Washington for a six-month reprieve on embargo rules that prohibit the communist country from making purchases from American companies, saying devastation from hurricanes Gustav and Ike make it critical. Washington and Havana have been embroiled in a diplomatic dispute over hurricane aid since Hurricane Gustav smashed into western Cuba on August 30. Washington offered $100,000 and a humanitarian assessment team, and the Cuban foreign ministry answered by saying what it needed was purchasing credits. Havana sent a second, more harshly worded note last week when Washington made the same offer after Hurricane Ike devastated eastern Cuba. The statement released Thursday called US commerce secretary Carlos Gutierrez a hypocrite, and said US diplomats were cynical liars. Washington's decision to limit the offer to $100,000 was criticised in some circles, who noted that the US government normally spends millions in such disaster relief. On Saturday, US diplomats met in Washington with Cuban counterparts, and upped the offer to $5m. CLIP
Haiti could face new food crisis (Sep 16, 2008) http://tvnz.co.nz/view/page/411366/2078593
Haiti faces a deepening crisis after storms destroyed much of the impoverished country's rice crop, sparking fears of a repeat of the deadly food riots earlier this year that brought down the government. The storms killed hundreds of people and forced tens of thousands out of their homes in the port city of Gonaives. The city is the capital of the country's rice bowl region of Artibonite, which suffered severe storm damage. Charity Christian Aid estimates that roughly one third of the country's 60,000-ton annual production of rice may have been ruined by floods. Farm tools, seeds to plant next year's crop, livestock that farmers live off and irrigation systems vital for rice production were also destroyed. The damage is all the more serious because it came at harvest time. The losses will be most keenly felt by the poorest farmers, who plant and harvest later and who lack the capital to reinvest.It could also have a big impact on the overall food economy. "There could be price disruptions that could cause unrest and a situation similar to that in April. The population could get really frustrated," said Prospery Raymond, the representative of Christian Aid in Haiti.Food is a sensitive political issue in the Caribbean nation, the poorest country in the Western hemisphere. Malnutrition is rampant in Haiti, where many people live on less than $2 a day. CLIP
Twenty-seven million slaves exist in the world today, more than at any time in human history. Globalization, poverty, violence, and greed facilitate the growth of slavery, not only in the Third World, but in the most developed countries as well. Behind the façade in any major town or city in the world today, one is likely to find a thriving commerce in human beings.
As many as 800,000 are trafficked across international borders annually, and up to 17,500 new victims are trafficked across US borders each year, according to the US Department of Justice (DOJ). More than 30,000 additional slaves are transported through the US on their ways to other international destinations. Attorneys from the DOJ have prosecuted ninety-one slave trade cases in cities across the United States and in nearly every state of the nation.
Commerce in human beings today rivals drug trafficking and the illegal arms trade for top criminal activity on the planet. The slave trade sits at number three on the list, but the gap is closing. According to the US State Departments 2004 Trafficking in Persons Report, the FBI projects that the slave trade generates $9.5 billion in revenue each year. A report put out by the International Labor Office in 2005, titled Global Alliance Against Forced Labor, estimates that figure to be closer to $32 billion annually.
Like the slaves who came to Americas shores over 200 years ago, todays slaves are not free to pursue their own destinies. They are coerced to perform work for the personal gain of those who subjugate them. If they try to escape the clutches of their masters, modern slaves risk personal violence or reprisals to their families.
Increasingly severe and widespread poverty and social inequality ensure a growing pool of recruits. Parents in desperate straits may sell their children or at least be susceptible to scams that will allow the slave trader to take control over the lives of their sons and daughters. Young women in poverty-ridden communities are more likely to take risks on job offers in faraway locations. The poor are apt to accept loans that slave traders can later manipulate to steal their freedom. Thousands of traffickers lure children from impoverished rural parents with promises of scholarships, free schooling, and a better life. All of these paths carry unsuspecting recruits into the supply chains of slavery.
Though modern day forms of slavery are emerging to suit global markets, bonded labor continues to be the most common form of slavery in the world. In a typical scenario, an individual falls under the control of a wealthy patron after taking a small loan. The patron adds egregious rates of interest and inflated expenses to the original principal so that the laborer finds it impossible to repay. Debt slaves may spend their entire lives in service to a single slaveholder, and their obligation may be passed on to their children. Bondage, with no legal standing, is typically established through fraud and maintained through violence.
The United Nations, whose founding principles call for it to fight bondage in all its forms, has done little to combat modern slavery. And though since 1817 nations have signed more than a dozen international antislavery resolutions, very little effect has been realized.
Authors David Batstone and E. Benjamin Skinner are, however, impressed and heartened by the effectiveness of nongovernmental abolitionists around the world involved not only in brave acts of liberating slaves, but in launching transitional schools and training facilities for those recently freed.à
Sojourners, March 15, 2007
Title: From Sex Workers to Restaurant Workers, the Global Slave Trade Is Growing
Author: David Batstone
Foreign Policy, March/April 2008
Title: A World Enslaved
Author: E. Benjamin Skinner
Marijuana Arrests Set New Record http://www.projectcensored.org/top-stories/articles/20-marijuana-arrests-set-new-record/
For the fourth year in a row, US marijuana arrests set an all-time record, according to 2006 FBI Uniform Crime Reports. Marijuana arrests in 2006 totaled 829,627, an increase from 786,545 in 2005. At current rates, a marijuana smoker is arrested every thirty-eight seconds, with marijuana arrests comprising nearly 44 percent of all drug arrests in the United States. According to Allen St. Pierre, executive director of the National Organization for Reform of Marijuana Laws (NORML), over 8 million Americans have been arrested on marijuana charges during the past decade, while arrests for cocaine and heroine have declined sharply. (...) Enforcing marijuana prohibition . . . has led to the arrests of nearly 20 million Americans, regardless of the fact that some 94 million Americans acknowledge having used marijuana during their lives, says St. Pierre.In the last fifteen years, marijuana arrests have increased 188 percent, while public opinion is increasingly one of tolerance, and self-reported usage is basically unchanged. The steady escalation of marijuana arrests is happening in direct defiance of public opinion, according to Rob Kampia, executive director of the Marijuana Policy Project in Washington, DC, Voters in communities all over the countryfrom Denver to Seattle, from Eureka Springs, Arkansas to Missoula County, Montanahave passed measures saying they dont want marijuana arrests to be priority. Yet marijuana arrests have set an all-time record for four years running . . . Meanwhile, enforcing marijuana laws costs between $10 and $12 billion a year.
Phase out coal and burn trees instead, urges leading scientist
Current targets on emissions are 'a recipe for global disaster, not salvation'
By Geoffrey Lean - 14 September 2008
Humanity must urgently embark on a massive programme to power civilisation from wood to stave off catastrophic climate change, one of the world's top scientists has told The Independent on Sunday.
Twenty years ago, Professor James Hansen was the first leading scientist to announce that global warming was taking place. Now he has issued a warning that a back-to-the-future return to one of the oldest fuels is imperative because the world has exceeded the danger level for carbon dioxide in the atmosphere.
Growing trees, which absorb the gas from the air as they grow, burning them instead of fossil fuels to generate electricity, and capturing and storing the carbon produced in the process is needed to get the greenhouse effect down to safe levels, he says.
Professor Hansen's assertion that there is too much carbon dioxide in the atmosphere will alarm governments and environmentalists, who are concentrating on the already daunting task of limiting its build-up, while allowing it to rise well above present levels. However, his views will command respect because, as director of Nasa's Goddard Institute for Space Studies for the past 27 years, he has been one of the few climate scientists ready to risk his reputation by openly stating what many suspect to be true.
In 1988 Professor Hansen put global warming on the political agenda by telling the US Congress that he was "99 per cent certain" that human activities were warming up the planet. It took the Intergovernmental Panel on Climate Change until last year to catch up, by which time nearly two vital decades had been lost.
In the UK last week, his evidence helped to secure the acquittal of six Greenpeace activists charged with causing criminal damage to the Kingsnorth power station in Kent.
The level of carbon dioxide stands at 385 parts per million (ppm), about 100ppm above what it was at the start of the Industrial Revolution. It is rising by about 2ppm a year. The most ambitious international efforts focus on stabilising it at 450 ppm, though few see this as achievable.
But Professor Hansen says this goal "is a recipe for global disaster, not salvation" and that present levels have already "brought us to the precipice of a planetary tipping point". He adds: "If we go over the edge we will transition to an environment far outside the range that has been experienced by humanity, and there will be no return within any foreseeable future generation."
He is convinced that 350 ppm is the absolute maximum that will avoid the loss of the polar ice sheets and other disasters. He says that all coal power stations must be phased out by 2030, unless they are equipped with special "carbon capture and storage" equipment that stops the gas escaping into the atmosphere. If that was done, the level could be stabilised at 400 ppm. After that, a vigorous programme of planting trees to suck up carbon dioxide coupled with the use of carbon capture equipment when the trees are burnt, and improvements in agricultural practices could get levels down to 350 ppm "within a century".
RAF officer breaks 37-year silence on UFO radar mystery
14 September 2008
By Marc Horne
IT IS a close encounter of the official kind. A former RAF officer has claimed that UFOs are real and may have invaded UK airspace, branding official resistance to such theories as "stupid and arrogant".
Wing Commander Alan Turner MBE was sworn to secrecy after he tracked a series of unidentified objects soaring over southern England at incredible speeds.
But now the airman, who was honoured by the Queen for his years of distinguished service, has
broken his silence and spoken publicly for the first time about his extraordinary experience.
Turner, 64, a former head of air traffic control at RAF Lossiemouth, insists it is "stupid and arrogant" to rule out the existence of extra-terrestrials and is open to the suggestion that he witnessed craft from another world.
But the Ministry of Defence stressed last night there were "realistic explanations" for such reports.
The incident, which has baffled and haunted Turner for decades, took place at RAF Sopley on the south-west coast of England in the summer of 1971.
At the time he was Duty Military Supervisor and had the responsibility of monitoring the skies on radar screens for potential Soviet incursions.
On the day in question, Turner and his 13 colleagues were alarmed by a sudden and unexpected development.
He said: "I can clearly remember people shouting: 'What the hell is that?' I got to a console and people were loudly telling me to look to the east of Salisbury Plain.
"Twenty miles east of the eastern extremity was a series of returns, or radar blips, which were appearing in that position. There were five of them initially. Then six and then seven all following the same track.
"They were tracking south-east, each exactly six to seven miles apart and moving at exactly the same speed. At about 40 miles from the point they appeared on radar, they disappeared, to be followed almost immediately by a replacement at the point of origin.
"The objects were about 3,000ft above ground level when they first appeared and climbed so rapidly that, by the time they disappeared from radar they were in excess of 60,000ft.
"To climb to such a height in only 40 miles was beyond the ability of almost any fighter aircraft at that time."
In a bid to solve the mystery Turner diverted an RAF Canberra jet, which was returning from West Germany, to intercept the intruders.
"When the pilot got within a mile or so of one particular blip, he reported, in a very agitated voice, that his radar had picked up something on his port side that was 'climbing like the clappers'. Neither the pilot nor his navigator made any visual contact with whatever it was."
Within days, Turner was summoned into the Squadron Leader's office and questioned by two men, who wore civilian clothes and were not identified, about the incident.
"I, along with all the others who were in the room on that day, were told in no uncertain terms not to relate what we had seen until cleared to do so."
Turner, who was awarded the MBE in 1984 and retired from the force in 1995, has been assured that there were no training operations, classified or otherwise, going on at the time and there were no weather balloons or probes in the area.
"I have no idea what they were, but I certainly wouldn't rule out the possibility that they were UFOs. There is certainly a chance that we have been visited by extra-terrestrials," he said. "It is terribly arrogant and silly to think that we are alone in the universe."
He feels the time is right to end his silence and has accepted an invitation to be the keynote speaker at an international UFO conference in Pontefract, Yorkshire, next month.
"I have spoken to three ex-Air Force mates, who held senior positions, and they have seen similar things, but did not report them as they felt their personal integrity would be questioned. That is why I kept quiet for so long, but I know what I saw."
Hello Adamu. I have joined a new forum and I would like to engage with a new group of friends. So I guess a good idea would be to start at the beginning with a new introduction. Would you be so kind as tell my new friends who you are?
Hello my young friend. Yes, certainly. Let us begin by saying that I am a truly multidimensional personality. That is to say we all are - it's simply that my awareness encompasses a great many manifestations of self. Simply put, I know myself to be in many places and in many realities doing many different things all at the same time. I am this and I am that all at the same time, so to speak, for TIME itself is just a tool to me... an object which spreads out some parts of that which I hold within myself.
First contact? Are we all about to finally see a UFO? It could be!
On the 11th of August I did a channelling of Adamu on the Book of Thoths forum which included some of the most stunning info I have yet channelled. Nonchalantly tucked in the middle of our conversation Adamu suddenly revealed to me that the Galactic Federation were going to make official first contact this year. If you are interested in reading that post you can do so over here. But only if youre really interested in seeing how it played out as I am going to get the same info again from Adamu now. You see subsequent to my receiving that rather shocking realization I have seen many other channels come up with the same info. Ill add that info after the conversation with Adamu.
Hello again my young friend
I wanted to chat to you again about the upcoming appearance of the Light Ship. Could we please go over the material again telling everything from the start for my new forum friends?
Yes, certainly. I shall try to tell it right from the beginning. We of the Pleiadian civilisation are one of many races of beings that are space-bound. That is we have ships that can traverse the vast distances of space. The other space-bound races that we meet with that agree to a charter of Service to Other and non-intervention and so forth are invited to join an organisation called the Galactic Federation of Light. The Galactic Federation has been quite directly involved in your planet in many, many ways for your planets whole history. of late we have been bringing great many ships into the environment of your planet in order to assist with numerous subtle duties. I can list a few: assisting with the balancing of your magnetosphere, working against your destructive tendencies by disallowing nuclear explosions and similar, beaming in an balancing frequencies of light that assist in the ascension process, severely curtailing the negative activities of other self-serving space races and so on and so on. The list is long. The point is we have been here in the environs of your planet for a long time working very hard to assist in your welfare though you have not know about it. You see we can work across different densities of existence and we confine ourselves to densities other than your own so that we are not observed. This has been important as our non-interventionist policies dictate that we do not force ourselves upon a population that does not ask for, and is not ready for our arrival. But now, in the last number of years consciousness has been shifting on your planet. For many reasons. One is that there have been appearances by other self-serving space-bound races on your planet. They are not party to our Galactic Federation charter and so they behave with impunity. The managed to arrange an agreement with the American government many years ago which basically gave them access to your planet in exchange for militarily useful secrets. This has now backfired on them. They attempted to be stealthy in their interactions with earth humans but they made many errors. Your awareness of them and their ships picked up dramatically and caused your population to begin to ask questions. Then, with the incoming light consciousness on your planet has shifted radically. You are simply no longer willing to believe everything your governments tell you. You are no longer willing to be lead like lambs to the slaughter of the gods of fear and war. You think for yourselves and you ask questions. So, along this path you began to remember lives amongst us out in the stars. Or you reached out to us in your minds. Or in a heightened state of awareness you opened your perception to our ships in the neighbouring densities. Whatever the case might be you began to become aware of us. We were waiting. We eagerly engaged with any that would welcome it. We encouraged such engagement with subtle inputs like the crop circle phenomenon. And slowly the mind-set of earth inhabitants shifted. And now we are here at point where a significant number of earth's population are ready to know about our existence and are available to the possibility that we might be peaceful, loving and of positive intent. Despite all the power cabals efforts to paint us as bad and to be feared your people are ready to hear that we are of good intent. And so the time comes. We are ready to make a showing. We will do so soon.
What form will the showing take?
You can prepare yourselves to see a single very large light-ship flying over certain well populated areas of your planet. It will fly slowly and will be visible over those areas for long enough for you to get a good eyeful. No more little flashes in the corner of your eye. This time you can stand and stare. You can take photographs and videos. You can call your friends and neighbours out to look. it will be in the sky for a long time and slowly move out over a period of a few days across enough of the world that there will be absolutely zero chance of anyone trying to say this was anything other than what it was. The swamp-gas theorists and the weather-balloon nay-sayers will finally have a very good meal of their hats. Not only will you see the ship but it will put on a display. We will make sure it is pretty to look at with pleasant and entertaining light displays upon its surface. It will also perform acrobatics. A few loops and so forth. Which will be extremely impressive given its size. You see it is a large ship that we have chosen for this sortie. It is several of your miles across.
Yikes! I can't even imagine a ship of that size in the sky
Yes it was important that we chose a competent ship. You see your earth cabal is in cahoots with others that have space-flight technology. This is the very, very last thing they want. They will do anything at all to stop this happening and if they cannot stop it they will do anything to abort it and if they cannot do that they will do anything to make it appear as if we are attackers - invaders of your planet. So you see we chose a very large and very advanced ship. One of the most advanced in our fleet. This will mean that we can not only repel any efforts of attack but we can actually do so without counter-attacking. You will NOT see our ship take aggressive action no matter what occurs. So any provocation will be obvious for what it is - an attack on us. There will be absolutely no possibility of confusion. But it goes further than that. This particular ship has the capability of foiling attack in some very remarkable ways. We do not expect to be attacked at all. But we prepare for every eventuality. The most important thing to us -the prime objective number one - is that no one is harmed at all. This is what we strive for.
There is another reason for us using such a large ship. You see your earth cabal has some ships at its disposal. I shall use your vernacular and call them "flying saucers". These or horrible little tin-can devices but they can be (and sometimes are) confused for our ships when they are seen by your earth-human eyes, unaccustomed as you are to what our technology looks like. We want you to get a good look at our technology so that the possibility of you thinking these flying sardine-cans are ours is forever eliminated. You will know our ships when you see them. Our ships are living light... not tin. They are beautiful and graceful and utterly silent. They will resonate with your hearts when you see them. You will never again be confused about which is which.
Oh wow! I'm so excited about this now!
You have no idea my dear young friend! We are even more excited. You cannot comprehend how much we have desired this moment and how much work has gone into the preparations for it.
So when? You previously said "before the end of the year". Since then I have come across other channels that all seem pretty sure about October. So when?
Your dear old Adamu has become a bit more conservative in his approach than some of the others on the Galactic Federation team [he chuckles]. Yes, it is true that we plan to do this in October but we have to take the exigencies of the moment into account. This is an incredibly delicate thing. We are deeply concerned about what the opposition might try to do and so we might need to shift the date around in response. I did not wish to have you feel embarrassed if I gave you a date and it did not materialise on that date. I am well aware of your internal struggle with releasing this information. You pin your colours to the mast in a new way now. You place your own personal credibility at stake by allowing me to channel this information through you. Now, for the first time an even t will either occur or not occur which will cause people to say "Zingdad's channellings came true!" or "Zingdad is a bit of a damp squid - his channellings are bogus". I want to work carefully with you on this and do not want to set you up for the self-doubt that might come as a result of a failed "prophecy". So anyway, I will confirm the plan for mid-October but ask for leniency if the date needs a tweaking. But we will be gracing your skies with our ship. Of that I assure you.
Yeah- thanks for the consideration. It is a nervy thing for me to post this. But, you know, the info I have received from you and other spirit beings has so improved my life that, even if this is all bogus it has still been the best thing I have ever done.
I'm glad you feel that way
But that's another discussion for another day. What I'd next like to ask is where the ship will be visible from. Which cities?
This is a sensitive point. You'll notice no channels will give this information. It is important strategically to keep the opposition guessing. They must not be able to prepare for this. If they have exact locations they may be able to pre-empt what we plan and make our lives a little more difficult. So this info will be with-held until we are certain they can do nothing about it. What I will say is this: numerous large cites will get a good view but we will avoid areas where your military's retaliation could cause harm your people.
Okay, got it. So what then, if anything can we do to help with your plans?
Thank you for asking that important question. A lot. I would like to appeal to everyone that reads this to:
1. Secure your own heart first. Please, I implore you, open yourself to the possibility that our ship appearing MIGHT JUST be a good sign. Examine the possibility that we might be beings of love come to help you and your planet to move forward to a bright future. Then, when the ship appears look at it. Really look with open eyes, open mind and open heart. Look and judge for yourself what you think our intent and nature is. See how we behave. Se that we have technology which is so far beyond your own as to be impossibly for you to even conceive of. See that we could if we desired take your planet militarily without any difficulty whatsoever. See that your military would be absolutely helpless to stop us. And see that we do not. See that we are making a friendly - even loving - overture. Simply saying "hello neighbour". See that our intentions are friendly not because they must be but because this is our nature.
2. If you are ready for that or already with us then please assist others to overcome their fears. You may do this by sharing these channeled messages with all your friends. You do not need to believe that our ship will arrive nor do you need to endorse it and say you believe it. Keep your credibility in tact. Share it as a discussion point or even as a joke. But get your friends and family to the point of saying "if they DO appear then I will be willing to entertain the notion that they are friendly". It is vital to your safety that you do not panic. We need you to at least be open to looking before you panic. We need you to share this message. Simply help to calm people and avert panic.
3. Those of you that meditate or pray or engage in such spiritual pursuits I kindly request that you work this event into your spiritual process. For example, if you meditate then you may wish to visualise this vast beautiful light-ship overhead and all the people on the ground looking at it with joy, happy expectancy, awe and delight. But please use whatever mode you have connecting with spirit to send positive loving energy to the earth humans that witness this event. Please do this regularly. It would be appreciated. And you may also request dream-visions! Try this: before you fall asleep at night hold firm the following intent: "I wish to see in my dreams the light ship flying over planet earth and to be a part of the joyful witnessing of this event and to remember this dream when I awake". Try it. We have been placing this dream imagery in the consciousness grid quite strongly the last while. It would be fun for you to get it and it would help us as this would anchor the positive associations even more strongly on the planet.
4. And then finally, on the day of the event please be extra vigilant to help people that show symptoms of extreme fear. Help them with love. But we really envisage this extreme fear response to be very, very minimal. The overwhelming probability is that you will not witness such a response at all.
I just get more and more excited! So then, Adamu, all I can still think to ask is "what then?" What do you have planned for after the fly-by?
We will give the inhabitants of planet earth a little while to settle down. This will cause a massive step-wise shift in your consciousness. There are a good number of beings that are on planet earth right now that will suddenly awaken to their memories of who and what they are when this even occurs. They will spring into action and do that which they came to do. You are one such. Others on this forum are too. This event will catalyse massive change. Expect old dark-based systems to implode and crash. Expect massive changes in your planetary systems. Your financial systems and political systems and so forth will radically alter very quickly. Some of these changes will bring with them some discomfort while the new, better systems are put in place. Expect some upheaval but please do not bring fear to the party! Bring confidence and love. Be prepared to help your fellow humans and be of a generous heart. These changes will be quite swift. We will be very actively monitoring the situation. When we deem it right, necessary, expedient and to the highest good we will land and make personal contact. Then you'll meet us and be able to speak to us face-to-face. But there is no way now for me to tell you when that will be. Let us deal with this first event first.
Okay. That is all pretty sensational info, thank you Adamu.
My dear friend. It is I who thank you. What you do now to get this information out is a great boon. You think a small number will read this but you do not yet understand how consciousness works. This is powerful in ways you do not comprehend. I wish also to say that this action - our fly-by, our eventual arrival amongst you is in response to your countless heartfelt pleas. Almost every single inhabitant on the planets surface has at one time or another in one way or another cried out for assistance. For positive intervention. You have pleaded for the heavens or the angels or God or the "space men" or someone, anyone, to come and help you clear up the mess that is being made of your planet. Well, if you understand it correctly then we of the Galactic Federation are beings of the light, we know our oneness with Source. We are in harmony with the Christed energy, we are part of that which you'd call the angel realms. We are, dare I say it, going to answer your prayers!
My final thought is this. From our perspective we know this to be true. You are us. Really this is true for us on the deepest and most fundamental level. You are both our children and our parents because you come from within our consciousness and you help us to recreate ourselves by your actions. And you are one with us as we are intimately connected by being a part of the oneness of all. So, that said, we CAN only desire the very best for you. We love you more than we can possibly express in words.
I feel that Adamu. I actually do. I love you too. Thank you for this communication.
Thank you my friend. Do keep spreading your light as you go.
Okay. There it is. Now what does your intuition tell you? Is this right? Will it happen? Will you wait and see? Please understand I specifically DO NOT expect that you blindly believe the noises that emanate from my head. You are the holder of your truth. if you think this is all just BS that I invented to entertain myself then I am really okay with that. If you'd like to discuss then I invite that on the sister thread.
Love and laughter
Re: Zingdad: Adamu speaks
by Zingdad on Mon Sep 01, 2008
Okay so I promised to share the other channels that also seem to have the same info. A friend on another forum kindly PM'ed them to me after reading Adamu's stuff. Here is what I have thus far:
Blossom Goodchild's blog site seems to be the first place this info was made available. She has a very excellent channelling on the subject on her site and I would urge you to read it. It's the August 1 blog.
We wish it to be understood that on the 14th day of your month of October in the year 2008 a craft of great size shall be visible within your skies. ... It has been decided that we shall remain within your atmosphere for the minimum of three of your twenty four hour periods. ... Friends of earth. Do not be afraid. We beseech you to TRUST that we come to bring the downfall of those who have misintentions for the well being of your planet.
Mike Quinsey is a channel that is respected by many. Here you can read his confirmation of this same event:
Michael has been wondering whether we will endorse the prediction of a special sighting that is intended for the 14th October, and we are more than happy to do so.
Suzy Ward has quite a cool channelling on the subject here
Yes, plans are in place for a ship of much greater size than any previous sightings to appear on that date and be evident in your skies for a few days. The crew is in readiness and excited about making our presence indisputable.
And then back on 06-May-2008 Sheldon Nidle first alluded to this on this page when he said:
Each day a major amount of progress is made to justify our confidence in the Light's success. This permits us to move up some of our late-summer flyover schedules to the immediate coming months.
Greetings to you, I am ASHTAR, I already know your question and I give thanks to you for asking me about the October 14th, 2008. Yes, there will be Starships decloaked on your skies on this date and there will also be ships before this date. Your world is now to the point where this can happen.
Re: Zingdad: Adamu speaks
by Zingdad on Sept 07, 2008
Okay, answer time. I finally have both the time and the mind-set to get to putting your questions to Adamu.
Whenever I do this I feel I must offer a caveat. Its this:
You are your own truth. Your answers lie within you. What I offer you now is merely another possible perspective. It seems to me I have a telepathic link with another consciousness but I cant prove this to myself or to you. And even if I DO have such a link I might sometimes get stuff wrong.
Please do not simply believe what comes from my channelings. I dont. It has happened that I have disagreed with what was said in a channeling. In such instances I dont censor the channelings. I leave them in their integrity and then try to figure it out with more questions later. But I do not simply BELIEVE. You shouldnt either. Please trust your own inner truth.
And now Ill let Adamu answer your questions:
...could you give us the Pleaidean perspective on other Star Races...and other Star cultures...?...
Adamu: [he smiles] Not without writing many, many encyclopaedias worth of data. Or even many libraries worth. I can tell you this: As my consciousness expands so I encounter more and more life. You on earth peer out to the stars and ponder is there life out there?. I tell you there is nothing BUT life out there! You are in for a wonderful surprise very shortly. You are about to be introduced to your galactic family. In time you will meet more and more and more life-forms from all over the galaxy. And then youll begin to gain the awareness that EVERYTHING in the galaxy is actually a life-form. Your planet, the stars all of it is actually alive. The galaxy is alive. And wherever you go you find life. You reside in one density. So you think that your solar system is almost sterile but for the life on your planet. If you could see as we do youd know that there is much life in your solar system. Truly. And your own planet? You think you are the only so-called intelligent life form? You are not. Firstly because you vastly underestimate the other life forms you are aware of and secondly because your planet has much more going on in the other dimensions than you are aware of.
So this is simply to let you know that there are a great many races and cultures in the galaxy. And our friendships and connections extend a great distance beyond this galaxy. In fact the Galactic Federation of Light to which we Pleiadians belong has made connections in other galaxies with beings that have similar ideals and have forged even wider alliances based upon a common understanding of the Oneness of All.
Given all that how shall I begin to characterize what is out there? Who shall I tell you of? Where shall I begin? Instead I will simply tell you this. We, the Pleiadian culture are, for the most part, of unity consciousness. That means we see all other beings as brothers or, more correctly, as another manifestation of a greater Self. So we say, no matter who you are, you are I and I am you. Some cultures we see in a state of pain. Sometimes they are so confused and traumatized that they attack and attempt to destroy themselves. Such as has often happened on your planet and continues to happen in many parts. Sometimes the self they attack is another space race as has happened throughout galactic history. Our galaxy is littered with war zones, old and new. There are many races here that still do not know their oneness with all. And such races are, Im afraid, prone to aggression. And that is how I would characterize the races and the cultures: to simply divide them into Unity Consciousness and Non-Unity Conscious races. You might have heard, we often speak in terms of Service To Other and Service To Self mindsets. Well these things correlate very well because if you are of Unity Consciousness then you cannot but have a Service To Other mindset. Can you see that?
So Unity Conscious races will always try to do the very best thing they can to the benefit of All, including you. Non-Unity Conscious ones will try to do the best for themselves no matter what that does to you.
There are some races that have had dealings with your planet that are of the Non-unity Conscious mindset. They have caused some damage to your view of your star brothers. But that is being turned to the good now. Soon all shall see.
...how many are interacting on Terra at this time ?...and what are their agendas ?...
Adamu: Again, your perspective is not mine. From my view there is far too much going on to even begin to address this question. Some races are more active than others. Some have only a passing interest some have though their actions radically altered the whole direction of your planetary story. Also, what does now mean? You think linearly and that makes the question very hard to answer for one that sees a greater picture. You see we act through time. We go backwards and forwards as suits us. And sideways too we also act in parallel time lines. All these things which are not apparent to you. And because we see how every action in every part of time impacts every other we are a little confounded by a question such as who is here now.
But I do understand what you are trying to get at and I will endeavor to answer this in the way you are asking it. Firstly there are a great many races that are passively observing. Pure curiosity as what occurs here is very special and unique. Secondly there are a great many races here adding their light. They give energy and love so that things may move forward correctly and to the benefit of All. Do not underestimate the impact that this has! Thirdly there are a few races that stand ready to act physically in your presence but have not done so before in your recorded history. These are beings like us. The Galactic Federation beings. We include many races and some of those races are very closely related sort of brothers and sisters of the same original parent race. Some you might recognize are us Pleiadians, the Sirians, the Arcturans, the Antarians, the Andromedans and those from Procyon, Aldebran and Deneb. These are names I can place in my young friends mind at this time. There are others. Also other from outside of this galaxy are here. And ones who are far above such consideration as galactic neighbourhood or even which universe you are from. I can say this of all of these: uniformly their agenda is the loving advancement of you as a race and your planet as a whole. We wish for you to awaken to your membership of the brotherhood of all star races. When this occurs this raising of consciousness will ripple out and this entire galaxy will be uplifted. Your planet is the lynch-pin in the whole story.
Finally there is a group which has been very active in your planetary story. They have been up and down your history and tweaked and played with your planetary story in ways that would shock you if you but knew. They are not a unified group but I group them together by their actions and their mindset. They are the Service To Self races spoken about above. They have no compunction about coming into your planetary sphere and seeing it as a resource for them to plunder. I dare say, if the Galactic Federation were not here to curtail their activities they would a long time ago have made their presence unambiguously felt. In unpleasant ways. They are yet learning that such actions only harm themselves. I hesitate to characterize races in this group as there are elements in every race that are awakened. Just as there are even Pleiadians that are not awakened. Yes, its true. You may hear of some Pleiadians that have done some negative things. There are some. But I will concur with what is known amongst you that the members of the Grey race, the ones from Zeta Reticulum that have intervened with you, have not been of the most loving always. But do have some compassion for them. They are a race that is in turmoil. They do not know how to find their connection with the divine. They do not know how to find immortality or the survival of the soul after death. These things are beyond their grasp. It has to do with how they were created. And they believe they must find a way to integrate their consciousness with a human body. Its a long and complicated story.
Then there are the Orion Whites, as they are called. These are from, I suppose one might say, your own far future. They are that which becomes of the Service To Self elements of your own planetary culture. They eventually ruin their planet with their activities and badly corrupt their own DNA with all their tinkering. Now they reach back into their own mythological past to a time before things had gone completely hay-wire. And they find you. Some of them wish to understand you and see how things went as they did. Some of them wish to simply use you for a genetic mine and to continue on their somewhat messy path.
Then there are the Reptoids. Now, this is confusing because there is a race from Alpha Draconis and then they have a sort of a child race which was created on earth a long time ago in fact these are more earthlings that you are! This other race lives in vast caverns beneath the ground at another density. But either way, the reptoids are the least likely to be your friend if you should meet with one. The others will probably engage with you if you try. They may bargain with you, discuss things. The Reptoids are not likely to do this. They have a rather violent streak and if they are in your presence it is because they want something. And if they want something that you have they will take it. Your continued breathing not being a consideration to them.
Finally, again, please understand that it actually goes quite deeply against the grain for me to make such generalizations and categorizations. There are a great many beings of every race that are very different from that specified above. To give some context if someone from another galaxy asked what the Humans from Planet Earth are like. How do you think you would be described? What would the generalization of your race be like? Think for a minute how you treat your own race How you treat your planet How you treat other races you come into contact with - like the planets animals, like the spaceships that have for no apparent reason had missiles fired at them I could go on. Your race would be given a very poor report card. Youd be labeled violent, destructive, traumatized and insane. So are you this? Is there not a single being of light and love amongst you? Of course there are! A great many. And so you see my point. There is a little light even in the darkest night and a little shadow even in the brightest day.
...what are the most benevolent options for discourse from the Earth human side ?...
Adamu: If I understand your question correctly then the answer is simple. Act in love. Open your heart to perceive the beauty and the divinity of the other race. Look for what is similar not what is different. Find common ground and work forward from there. If you open your heart you can see the beauty and truth of any being. You will find compassion and forgiveness for those that you have thought to have wronged you and you will find upliftment and assistance from those that come to help you. Everything will change if you change. In fact you will change everything by changing yourself. The degree to which this is true will still astound you.
...what are your suggestions for kicking off diplomatic relations?...
Adamu: I refer to the previous answer. Open your heart. See us with your hearts. And then we will understand each other. Then there is no need for diplomacy of any form. Each of you individually may have a relationship with us if you so wish it and if you allow it if you open yourself to it. Then what use is a government-to-government interchange? It doesnt serve us to work in this way and it certainly doesnt serve you. This particular form of government that you have implies that some are more special and valued than others and that some may be empowered to take decisions that you or others might disapprove of. No. When we arrive fully in your consciousness and in your reality this will immediately begin to catalyze a radical shift in your approach to life. For example, you will first realize that your nation-state idea is a ridiculous fiction. It is meaningless to draw arbitrary lines on the ground and say this is one country and that is another. How does that serve you, the members of the country? It doesnt. It is an age-old system that comes from a time of small minded beings that wished to rule over you humans. They were extra-terrestrial beings that wished to set themselves up as gods amongst your ancient forbears. But they EACH wanted to be a god. So they ended up dividing up the place: here, this is mine and that there is yours and if you come over here and take my stuff then my humans will attack yours. Like petty bickering brats. But compared to your poor, traumatized forbears they were so technologically advanced and so long-lived that they were indeed thought of as gods. They actually taught your ancestors to worship them with songs and bowings and scrapings. Quite sad for them, these god-kings, that this pleased them. But anyway that is how this division nonsense started. And it never has been to the benefit of humanity. It always has always only served the interest of the power elite. Who are still just such petty bickering brats niggling at each other over who has the most toys.
Now, when you see our ships in your skies what do you think will happen to your arbitrary divisions? Hmm? I think they will cease to compel you. Will you warring nations still want to give each other a hiding? Or will you realize that you and they are really one human race and that it is far more important now to find peace and love? We shall see. And if you do not immediately find peace maybe the revelation of the REAL chain of events which lead to the enmity in the first place will awaken you to how badly you have been lied to, mislead and manipulated. We dont expect it to be long before peace breaks out. Youve had two World Wars, maybe its time for World Peace I? It is posited that some may still firmly wish to fight and die despite this new input. They may not be accessible to the light. If that is so then they will be isolated from those that do not wish to fight and kill anymore. So then if a sense of the brotherhood of all humanity is awakened if there is no need for the separation of nations then where is the need for governments? And considering the abysmally poor decisions they routinely make on your behalf why would you want them? As I said in the beginning: these institutions do not serve you. So you shall simply shuck yourselves of them. Certainly you are very likely to wish to employ competent administrators to look after things like infrastructure and so forth. Pretty much every large grouping of beings needs such people. But these should be true Public Servants not the quasi-royalty that you are now burdened with.
And this brings me round to the answering of your question. You may, each and every one of you, open diplomatic relations with us. When we do land our ships on your planet it will NOT be to speak with your so-called leaders. We will speak with you. You personally. Each of you that wishes to speak with us will have ample opportunity. And so we shall make ourselves available to assist you where you are. If you are wishing to live in harmony with your planet then we shall talk to you about things like finding ways to obtain energy without despoiling nature. If you are concerned about pollution then we shall help you to clean up your environment. If you are wondering about your own personal story or your true planetary history then we shall be there to tell you the story from our perspective. And so on. One to one. Heart to heart. Mind to mind. Because we love you as we love ourselves.
Could you take a look at the following video please and ask Adamu if this is the type of 'tin-can' ship he was referring to? The man in the video is calling this a battle-ship. It certainly doesn`t look like a light ship to me, despite it having some coloured lights on the side.
Adamu: There is some difficulty here. I cannot answer this question in complete candor. There is an issue of free will at stake with which I will not tamper. You will have to forgive me. All I can say it that I confirm absolutely that this is not a Galactic Federation ship not a light ship.
Zingdad: Thank you Adamu that was most informative. I am really pleased to have learned that new info about your name.
Adamu: And now you know you can call me to mind without using a name.
Zingdad: Yeah. But I still like having a name for you.
Adamu: As suits you. Keep spreading your light my dear friend.
Zingdad: Goodbye Adamu
Well there it is folks. As usual Adamu finds a way to wind a few extra answers into what seem like short questions. Which is very entertaining and educational but somewhat exhausting.
I am somewhat puzzled by his response to the video. I havent experienced this before. There was a sense of a back-and-forth with him. It was as if he kept trying to answer it in different ways. Hed make a start and then stop. Then another and then a final clear answer came through which was this one: no details. I wonder
So anyway, Id love to hear your thoughts and comments about all this on the sister page. And if you have more questions - fire away. It sometimes takes me a while but I do get to them.
Love and laughter
Re: Zingdad: Adamu speaks
by Zingdad on Sept 16, 2008
Video of Channelling Now Up!
So I have been blessed with the meeting of someone from my soul-family. She is known on the 'net as Magenta Pixie. You are sure to have seen her vids on Youtube or read some of her channellings. If you haven't you should, she's awesome! Anyway. She and I got talking and she quite liked Adamu's channelling and offered to make a video of it! And to put it out to her audience! Yay! More light!
So as a result of this incredibly kind offer I sat down in my production studio (I have an audio studio for my work) and I recorded myself speaking Adamu's words. But something strange happened. I slipped into channelling mode and really felt his energy as I began to speak. And my voice sounded a little different too. And then... he diverged from the script! It was so strange - as I was reading from the script I just knew to say some stuff that was different from what was on the screen. And in the same way he also he just dropped the old ending and gave me a whole new one. Which is much more powerful, I thought!
When I was done I added a "musical bed" from something that I composed a while ago. And it came out quite nicely. But when Magenta Pixie added her intro and her visuals! Wow! So I'm really happy how this turned out and wanted to share it with you, my BoL friends
As this is a first for me I'd really appreciate your comments and thoughts. If you have advice or ideas or constructive criticisms those are all welcome. The objective here was to get the message across in such a way that people (hopefully) also felt the energy of Adamu and so inspired them to be more hopeful and to move away from fear and towards love. Do you think this does that? Comments welcome in the sister thread.
Oh. And please forgive the South African accent if it sounds funny to you. It's just the way we sound over here, okay?
I refer now to the discussion on the sister thread about US politics and the question of whether Barack Obama is a light being or not... or whatever. I had previously put this question to Adamu and I thought, since the question was raised here, to share his answer here. As I copied it here Adamu asked me to modify it a little. So here it is... Adamu answering the question of Light vs. Dark and which politician is on which side and is Obama on the side of "the light":
Adamu: I prefer at this time to take a perspective that is of unitary consciousness. I prefer to tell the tale of we are all ONE and that light and dark are momentary choices with which we dabble to make the game work. Id prefer you all see that you all have both light and dark within you. But you ARE still in the game and so these things seem like inapplicable philosophy to many of you. And then you want to know the score on the light-vs-dark game again.
So to the question of Barack Obama... I will not judge or pontificate over another being. I will not make declarations about how that being should act or choose. So I will not issue judgements about Barack Obama nor about how people should vote in America. To get embroiled in such issues is to miss the point. I think the entire system has become one in which people give their power away to these politicians who then clearly do not serve the interests of those people, of the voters.
Given how the system is flawed and manipulated to what degree do you think it matters who you vote for? Do you think the winner will be the man in power after the vote is in? Do you think his thoughts and opinions will count for much? Do you not think that IRRESPECTIVE OF WHO WINS the system is not designed to keep the power in the hands of the existing cabal?
I say you should find your own personal power over yourself instead master yourself and then see how the whole question of politics becomes irrelevant to you.
The presidential election and everything involved in it is entertainment and nothing more. It is meant to keep the American people from thinking about the real issues. And the outcome is irrelevant. It changes nothing. Its very like that other thing Americans like to watch: Super Bowl football. Many Americans will act as if the outcome of who wins this game is vital to their future well-being. As if it is really important. But nothing actually changes no matter who wins. It is exactly the same with your presidential elections. A new face is presented and it is made to seem as if there are policy shifts but these are surface and minor. All that really changes is that those behind the scenes manipulate for more and more power. And you will not reverse this trend by picking the right candidate. If the right candidate tried to fight back that person would be made to look like a traitor and a criminal. They would be destroyed in the minds of the people. Or if that could not be done they would be assassinated. Quite recently in your history there was an American president that saw the way the power cabal was running things. He disliked it. He spoke up about it and he was eliminated by the power cabal for his insubordination. They warned him a few times. He declined to be silent. He was therefore assassinated by the power cabals agents and this was then covered up. I speak of course of John Kennedy.
I say this not that you should lose hope. Quite the opposite. There is endless reason for hope. I simply point out that if you desire real change you should not look to politics to achieve this. If you want change find it within yourself. Forget politics. It is all a sham for the entertainment of the masses.
Zingdad: Okay. Thanks Adamu. Im not sure how popular these thoughts will be!
Adamu: They are not meant to be popular. The majority of the population of the planet are enthralled by the game. They are deeply mesmerised by the illusion. It is meant to be so. If the game were not compelling it would not work. And so only a few will surface and awaken of themselves. Of course this will soon change. The appearance of the light-ship I have mentioned is one of the radical measures we are undertaking to help things along. But that begins another long conversation. Instead I will wish you love and happiness until we talk again.
Zingdad: Thanks Adamu. Love and happiness to you too!
...and so it is that I care little for politics. What about you? Discuss on the sister thread if you feel so moved...