From The Guardian
''The vast profits made from drug production and trafficking are overwhelmingly reaped in rich "consuming" countries – principally across Europe and in the US – rather than war-torn "producing" nations such as Colombia and Mexico, new research has revealed. And its authors claim that financial regulators in the west are reluctant to go after western banks in pursuit of the massive amount of drug money being laundered through their systems.''
read more
Monday, June 4, 2012
''The Inevitable Price of Dictatorship''
From Veterans Today
''For decades Western powers specially the United States and of course, Moscow as the capital of the former Soviet Union supported criminal dictatorships for reasons that has nothing to do with the rights and benefits of the citizens of these countries but their own selfish and criminal interests.
The United States for and on behalf of Israel always supported Arab dictatorships as a way to provide security and safety for Israel and supported regimes the likes of Mubarak and Ben Ali under the guise of “law and order regimes, ”, first as Anti-Communists and later on as anti-Islamists. It gave material support to Saddam Hussein from the day he came to power in 68 to his 8 years war against Iran, all the way to his invasion of Kuwait and overlooked his killing fields in Halabja and all over Iraq setting the stage for Iraq as a failed state.''
read more
''For decades Western powers specially the United States and of course, Moscow as the capital of the former Soviet Union supported criminal dictatorships for reasons that has nothing to do with the rights and benefits of the citizens of these countries but their own selfish and criminal interests.
The United States for and on behalf of Israel always supported Arab dictatorships as a way to provide security and safety for Israel and supported regimes the likes of Mubarak and Ben Ali under the guise of “law and order regimes, ”, first as Anti-Communists and later on as anti-Islamists. It gave material support to Saddam Hussein from the day he came to power in 68 to his 8 years war against Iran, all the way to his invasion of Kuwait and overlooked his killing fields in Halabja and all over Iraq setting the stage for Iraq as a failed state.''
read more
''Pentagon's blueprint for full-fledged cyberwar''
From Strategic Culture
''The wheels of the war machine are ever turning inside the Pentagon, but the Defense Department’s latest endeavor won’t involve fighter jets and armored tanks. The DoD is putting aside billions to enhance its cyberwar capabilities.
The Pentagon’s Defense Advanced Research Projects Agency, DARPA, is turning towards the private sector and America’s next generation of computer wiz-kids to recruit forces for its next war. A report released Thursday by the Washington Post reveals that DARPA is looking to invest $1.54 billion during the next five years to up its online abilities, with $110 million going directly to a program dubbed Plan X, but unlike before it won’t be budgeted necessarily for thwarting acts of cyberterrorism. Instead the Pentagon is itching to ensure that America can carry out an offensive cyberwar on other nations rather than just readying the US to defend itself against a similar assault from abroad.''
TFMR Podcast #22 - John Butler, author of "The Golden Revolution"
From Turd Ferguson Metals Report
''Of all the podcasts I've recorded, this is certainly one of the most important.
Our pal, Ned Naylor-Leyland, introduced me to John Butler a few weeks ago. I'm grateful that he did because John's new book, "The Golden Revolution", is the most important book that I've read in quite some time. At just 200 pages, the book neatly summarizes the history of global sound money, the circumstances surrounding the exit of the previous gold standard and the likely events that will effect and implement the next, global gold standard. Read this book and you will begin to understand how and why this new gold standard is inevitable.''
Listen to Podcast
''Of all the podcasts I've recorded, this is certainly one of the most important.
Our pal, Ned Naylor-Leyland, introduced me to John Butler a few weeks ago. I'm grateful that he did because John's new book, "The Golden Revolution", is the most important book that I've read in quite some time. At just 200 pages, the book neatly summarizes the history of global sound money, the circumstances surrounding the exit of the previous gold standard and the likely events that will effect and implement the next, global gold standard. Read this book and you will begin to understand how and why this new gold standard is inevitable.''
Listen to Podcast
"HOW TO Defeat The System" Documentary Film
From Fabian 4 Liberty
''HELP MAKE THIS GO VIRAL! How To Defeat The System is Fabian4Liberty's latest micro documentary film. With the world in crisis and hundreds of talking heads highlighting the problems, what exactly are the solutions? In this micro documentary LIBERTARIAN ACTIVIST Fabian4Liberty covers concrete steps individuals can take starting today that can change their lives, their families and their communities all the while taking down the system. Learn How To SURVIVE & THRIVE in the coming economic collapse! What is THE SYSTEM? The system is the banker run economy, the BIG FOOD GMO foods, The two party system, the Corporate Banker owned media and much more. Please share with everyone you know and subscribe for weekly updates.''
''Robots lift China's factories to new heights''
From Reuters
''The army of cheap laborers that made China a manufacturing powerhouse is neither as vast as once thought nor as cheap as it was. In response, manufacturers have been spending heavily on machines that will both make them more productive and let them churn out higher quality goods.''
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''The army of cheap laborers that made China a manufacturing powerhouse is neither as vast as once thought nor as cheap as it was. In response, manufacturers have been spending heavily on machines that will both make them more productive and let them churn out higher quality goods.''
read more
''The Truth about Europe There is No Solution: Growth Doesn't Rhyme with Crunch ''
From Market Oracle.............read more
''Just as you thought things couldn't get any worse, credit markets are about to be hit by a veritable tsunami of maturing corporate debt. Standard & Poor's estimates that companies in Europe, the US and the major Asian economies require a combination of refinancing and new money to fund growth over the next four years of between $43 trillion and $46 trillion.
The wall of maturing debt is unprecedented, raising the prospect of further, extreme difficulties in credit markets.''
''Western Capitalist Model Not Working In India''
From The Link
''The immediate cause of the Rupee’s slide and the rise of petrol prices is that India has to pay for its oil in dollars. India could have easily secured its oil supply from Iran and paid in Rupees instead of dollars. However, because of the American monopoly on the sale of oil and America twisting India’s arm regarding maintaining cordial relations with Iran, it will not allow India to buy the oil in Rupees instead of dollars and will not allow India to buy more oil from Iran, its time-tested friend.
Under the western capitalist model of development, economic growth has only served the interests of a very small elite rather than the masses. This model of development has led to concentration of wealth in the hands of the few at the expense of the many.''
read more
''The immediate cause of the Rupee’s slide and the rise of petrol prices is that India has to pay for its oil in dollars. India could have easily secured its oil supply from Iran and paid in Rupees instead of dollars. However, because of the American monopoly on the sale of oil and America twisting India’s arm regarding maintaining cordial relations with Iran, it will not allow India to buy the oil in Rupees instead of dollars and will not allow India to buy more oil from Iran, its time-tested friend.
Under the western capitalist model of development, economic growth has only served the interests of a very small elite rather than the masses. This model of development has led to concentration of wealth in the hands of the few at the expense of the many.''
read more
''What Is Going on in the Middle East? A Pragmatic Point of View''
From Foreign Policy Journal
''Even the most thorough writings on the “Arab Spring” have paid little attention to the genuine forces behind this phenomenon and their real purposes. Meanwhile, we strongly believe that the revelation of these purposes, which undoubtedly exist but are unknown to the wider public, is necessary for answering perhaps the most significant question of today’s politics: What consequences may sociopolitical explosions in North Africa and the Middle East have in regional and global terms?''
read more
''Even the most thorough writings on the “Arab Spring” have paid little attention to the genuine forces behind this phenomenon and their real purposes. Meanwhile, we strongly believe that the revelation of these purposes, which undoubtedly exist but are unknown to the wider public, is necessary for answering perhaps the most significant question of today’s politics: What consequences may sociopolitical explosions in North Africa and the Middle East have in regional and global terms?''
read more
''On the Town in Okinawa''
From Korea Times
...................''That’s because the future of the U.S. armed forces is under the most intense scrutiny in Asia in a time of rising opposition to their presence, questions about their basic necessity and contradictory worries about defense of the region. It’s as though U.S. forces on Okinawa, including both the Marines and the Air Force, were fighting a new war for survival 67 years after defeating Japanese forces dug in here in the worst battle of the Pacific War. The battle this time is a public relations and political contest playing out against the background of rising concerns over both China and North Korea.''
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...................''That’s because the future of the U.S. armed forces is under the most intense scrutiny in Asia in a time of rising opposition to their presence, questions about their basic necessity and contradictory worries about defense of the region. It’s as though U.S. forces on Okinawa, including both the Marines and the Air Force, were fighting a new war for survival 67 years after defeating Japanese forces dug in here in the worst battle of the Pacific War. The battle this time is a public relations and political contest playing out against the background of rising concerns over both China and North Korea.''
read more
Sunday, June 3, 2012
''BIS warns global lending contracting at fastest pace since 2008 Lehman crisis''
From The Telegraph
Lending to banks in the eurozone fell $364bn or 5.9pc, with drastic reductions of 9.8pc in Italy and 8.7pc in Spain.
The BIS's quarterly report said the decline in lending was "largely driven by banks headquatered in the euro area facing pressures to reduce their leverage.''
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''The Bank for International Settlements (BIS) said cross-border loans fell by $799bn (£520bn) in the fourth quarter of 2011, led by a broad retreat from Italy, Spain and the eurozone periphery.
Lending to banks in the eurozone fell $364bn or 5.9pc, with drastic reductions of 9.8pc in Italy and 8.7pc in Spain.
The BIS's quarterly report said the decline in lending was "largely driven by banks headquatered in the euro area facing pressures to reduce their leverage.''
read more
''Japan, U.S., Australia to boost military ties''
send the bill for this to Exxon-Mobil..................From Japan Times
''Earlier Saturday, Panetta said the United States will boost its naval presence in Asia-Pacific seas as it refocuses its defense strategy and redeploys forces to counter China's rise. Japan and Australia reportedly welcomed the move.
The conference was organized by the London-based International Institute for Strategic Studies think tank.''
''Japan-China currency deal aims high''
From Japan Times
''Market players can now swap the yen for yuan without having to use the dollar as an intermediary currency. China's ambition to challenge the greenback's dominance appears to be behind the initiative, while Japanese monetary authorities are hoping the new trading mechanism will help make the yen a more widely accepted currency in global trade and investment.''
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''Market players can now swap the yen for yuan without having to use the dollar as an intermediary currency. China's ambition to challenge the greenback's dominance appears to be behind the initiative, while Japanese monetary authorities are hoping the new trading mechanism will help make the yen a more widely accepted currency in global trade and investment.''
read more
''Panetta wants more US access to Vietnam harbor''
expanding the empire....one country at a time..............From AP Via Boston.com
''From the flight deck of the USNS Richard E. Byrd, U.S. Defense Secretary Leon Panetta could look out across Vietnam's Cam Ranh Bay towards the South China Sea.
A day after laying out details of the Pentagon's new focus on the Asia-Pacific region, Panetta used a visit to Vietnam to restate the United States' intent to help allies in the region develop and enforce maritime rights in the sea, a waterway largely claimed by China. And he reflected on the significance of the harbor, which represents both a painful past for the American military, and a challenging but hopeful future.''
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''From the flight deck of the USNS Richard E. Byrd, U.S. Defense Secretary Leon Panetta could look out across Vietnam's Cam Ranh Bay towards the South China Sea.
A day after laying out details of the Pentagon's new focus on the Asia-Pacific region, Panetta used a visit to Vietnam to restate the United States' intent to help allies in the region develop and enforce maritime rights in the sea, a waterway largely claimed by China. And he reflected on the significance of the harbor, which represents both a painful past for the American military, and a challenging but hopeful future.''
read more
''China steps up Afghan role as Western pullout nears''
a trillion US Taxdollars wasted...........From Reuters
''China and Afghanistan will sign an agreement in the coming days that strategically deepens their ties, Afghan officials say, the strongest signal yet that Beijing wants a role beyond economic partnership as Western forces prepare to leave the country.
China has kept a low political profile through much of the decade-long international effort to stabilize Afghanistan, choosing instead to pursue an economic agenda, including locking in future supply from Afghanistan's untapped mineral resources.''
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''China and Afghanistan will sign an agreement in the coming days that strategically deepens their ties, Afghan officials say, the strongest signal yet that Beijing wants a role beyond economic partnership as Western forces prepare to leave the country.
China has kept a low political profile through much of the decade-long international effort to stabilize Afghanistan, choosing instead to pursue an economic agenda, including locking in future supply from Afghanistan's untapped mineral resources.''
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''When the Respectable Become ExtremistsThe Extremists Become Respectable: Colombia and the Mainstream Media''
From Axis of Logic
By James Petras
''By any historical measure, whether it involves international law, human rights conventions, United Nations protocols, or standard socio-economic indicators, the policies and practices of the United States and European Union regimes can be characterized as extremist. By that we mean that their policies and practices result in the large-scale, long-term systematic destruction of human lives, habitat and livelihood affecting millions of people through the direct application of force and violence. The extremist regimes abhor moderation, which implies rejection of total war in favor of peaceful negotiations. Moderation pursues conflict resolution through diplomacy and compromise and the rejection of state and paramilitary terror, mass dispossession and displacement of civilian populations and the systematic assault on popular sectors of civil society.''
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By James Petras
''By any historical measure, whether it involves international law, human rights conventions, United Nations protocols, or standard socio-economic indicators, the policies and practices of the United States and European Union regimes can be characterized as extremist. By that we mean that their policies and practices result in the large-scale, long-term systematic destruction of human lives, habitat and livelihood affecting millions of people through the direct application of force and violence. The extremist regimes abhor moderation, which implies rejection of total war in favor of peaceful negotiations. Moderation pursues conflict resolution through diplomacy and compromise and the rejection of state and paramilitary terror, mass dispossession and displacement of civilian populations and the systematic assault on popular sectors of civil society.''
read more
''History Offers an Ugly Precedent for a Greek Euro Exit''
From Bloomberg
''Looking over the precipice of national default and an untimely exit from the international monetary system, the Greek leader issued a somber warning to Europe’s economic leaders: “Bear in mind that if you leave the small states without assistance, a black future awaits Europe.”
Delivered by Prime Minister Eleftherios Venizelos on April 15, 1932, less than two weeks before his nation would suspend loan repayments and exit the gold standard, the prescient remark and the trials that followed offer urgent lessons for the current Greek crisis.''
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''Looking over the precipice of national default and an untimely exit from the international monetary system, the Greek leader issued a somber warning to Europe’s economic leaders: “Bear in mind that if you leave the small states without assistance, a black future awaits Europe.”
Delivered by Prime Minister Eleftherios Venizelos on April 15, 1932, less than two weeks before his nation would suspend loan repayments and exit the gold standard, the prescient remark and the trials that followed offer urgent lessons for the current Greek crisis.''
read more
Frackin’ Reserve – ''Compound Interest as Invisible Slavery''
read the whole series..........From Activist Post
"In Part 1 we looked at the mechanics of fractional reserve banking. In Part 2, we looked at money vs. wealth. Part 3 looked at how and why fractional reserve banking is fraudulent, and illustrated how it is structured like a pyramid scheme. Part 4 looked at 2 basic ways in which the system falls apart, either through a run on the banks, or the banks forcing depressions on the people and then stealing their wealth. Here in Part 5, we look at compound interest and how it is an invisible form of slavery.''
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"In Part 1 we looked at the mechanics of fractional reserve banking. In Part 2, we looked at money vs. wealth. Part 3 looked at how and why fractional reserve banking is fraudulent, and illustrated how it is structured like a pyramid scheme. Part 4 looked at 2 basic ways in which the system falls apart, either through a run on the banks, or the banks forcing depressions on the people and then stealing their wealth. Here in Part 5, we look at compound interest and how it is an invisible form of slavery.''
read more
''Risking Global War''
From Steve Lendman Blog
''Tyranny and permanent wars define Obama's agenda. Since taking office, he exceeded the worst of George Bush.
Much more ahead is coming. Ravaging humanity is policy. Foreign nations and America's homeland are targeted. Rule of law principles are ignored. Unchallenged dominance alone matters.
Plans are to crush dissent and replace independent regimes with puppet ones. Subservience to Washington is demanded. Obama enforces these policies ruthlessly. Outliers aren't tolerated. ''
''Bankers Are Stupid''
From The European
By Stefano Casertano
''Please forgive me for the blunt use of adjectives, but the Facebook experience leads me to the belief that bankers are stupid. The Facebook IPO was a great, unique, marvelous chance to clean up their image. After all, the most revolutionary website of the last fourteen years (Google was founded in 1998) was up for grabs. Banks could have enjoyed the marketing boost of helping little families own a stake of the blue brand, where everybody – be it the little daughter or even grandpa – joyfully spends large chunks of his or her spare time.''
read more
By Stefano Casertano
''Please forgive me for the blunt use of adjectives, but the Facebook experience leads me to the belief that bankers are stupid. The Facebook IPO was a great, unique, marvelous chance to clean up their image. After all, the most revolutionary website of the last fourteen years (Google was founded in 1998) was up for grabs. Banks could have enjoyed the marketing boost of helping little families own a stake of the blue brand, where everybody – be it the little daughter or even grandpa – joyfully spends large chunks of his or her spare time.''
read more
''Currency crisis is coming''
From Market Watch
''If the euro zone wants to save itself, it has to be bold and act fast. If the ECB offers a total guarantee to backstop all the banks in the single-currency bloc, then would it matter to the Euro Zone 16 that remained if Greece were to leave? The answer is no, because there would be no reason to create a run on the other nation's banks as they would be totally supported by the ECB.''
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''If the euro zone wants to save itself, it has to be bold and act fast. If the ECB offers a total guarantee to backstop all the banks in the single-currency bloc, then would it matter to the Euro Zone 16 that remained if Greece were to leave? The answer is no, because there would be no reason to create a run on the other nation's banks as they would be totally supported by the ECB.''
read more
Saturday, June 2, 2012
Another WAR--Honduras: ''Which Side Is the US On?''
yippee!!!!..............another WAR..........From The Nation
''In some ways, it was just one more bloody episode in a blood-soaked country. In the early hours of the morning on May 11, a group of indigenous people traveling by canoe on a river in the northeast Mosquitia region of Honduras came under helicopter fire. When the shooting was over, at least four persons lay dead, including, by some accounts, two pregnant women. In Honduras, such grisly violence is no longer out of the ordinary. But what this incident threw into stark relief was the powerful role the United States is playing in a Honduran war.
US officials maintain that the Drug Enforcement Administration commandos on board the helicopters did not fire their weapons that morning; Honduran policemen pulled the triggers. But no one disputes that US forces were heavily involved in the raid, and that the helicopters were owned by the US State Department.''
The United States has, in fact, been quietly escalating its military presence in Honduras, pouring police and military funding into the regime of President Porfirio Lobo in the name of fighting drugs. The DEA is using counterinsurgency methods developed in Iraq against drug traffickers in Honduras, deploying squads of commandos with US military Special Forces backgrounds to work closely with the Honduran police and military.
read more
''In some ways, it was just one more bloody episode in a blood-soaked country. In the early hours of the morning on May 11, a group of indigenous people traveling by canoe on a river in the northeast Mosquitia region of Honduras came under helicopter fire. When the shooting was over, at least four persons lay dead, including, by some accounts, two pregnant women. In Honduras, such grisly violence is no longer out of the ordinary. But what this incident threw into stark relief was the powerful role the United States is playing in a Honduran war.
US officials maintain that the Drug Enforcement Administration commandos on board the helicopters did not fire their weapons that morning; Honduran policemen pulled the triggers. But no one disputes that US forces were heavily involved in the raid, and that the helicopters were owned by the US State Department.''
The United States has, in fact, been quietly escalating its military presence in Honduras, pouring police and military funding into the regime of President Porfirio Lobo in the name of fighting drugs. The DEA is using counterinsurgency methods developed in Iraq against drug traffickers in Honduras, deploying squads of commandos with US military Special Forces backgrounds to work closely with the Honduran police and military.
read more
41.6%-''The Real Unemployment Rate''
From New American
''The nominal unemployment rate is still high, but the real jaw-dropping fact is the number of working-age Americans who are not working. Today that is 100,000,000 Americans out of a total population of about 310,000,000. Demographically, about 80,000,000 Americans are minors and about 40,000,000 are age 65 or older. That leaves approximately 190,000,000 Americans who are adults of working age. About half of those do not have a full-time job.
''When those “Not in the labor force” are adding to those “Unemployed,” then those who are not working is growing: 99.5 million in April 2011, 100.3 million in February 2012, 100.5 million in March 2012, and 100.9 million in April 2012. When counting both those “Not in the labor force” (though in the age in which most Americans work) and “Unemployed” as a single group, then those who are not working, but are in the age group in which Americans normally work, has remained steady and high: 41.6 percent in April 2011, 41.5 percent in February 2012, 41.5 percent in March 2012, and 41.6 percent in April 2012.
All of this strongly suggests that large numbers of Americans want and need more income and that they are looking for jobs. And yet the 42 percent of Americans who are of working age are not working. Despite trillions of dollars spent on “shovel-ready” jobs, the jobs are conspicuous by their absence.''
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''The nominal unemployment rate is still high, but the real jaw-dropping fact is the number of working-age Americans who are not working. Today that is 100,000,000 Americans out of a total population of about 310,000,000. Demographically, about 80,000,000 Americans are minors and about 40,000,000 are age 65 or older. That leaves approximately 190,000,000 Americans who are adults of working age. About half of those do not have a full-time job.
''When those “Not in the labor force” are adding to those “Unemployed,” then those who are not working is growing: 99.5 million in April 2011, 100.3 million in February 2012, 100.5 million in March 2012, and 100.9 million in April 2012. When counting both those “Not in the labor force” (though in the age in which most Americans work) and “Unemployed” as a single group, then those who are not working, but are in the age group in which Americans normally work, has remained steady and high: 41.6 percent in April 2011, 41.5 percent in February 2012, 41.5 percent in March 2012, and 41.6 percent in April 2012.
All of this strongly suggests that large numbers of Americans want and need more income and that they are looking for jobs. And yet the 42 percent of Americans who are of working age are not working. Despite trillions of dollars spent on “shovel-ready” jobs, the jobs are conspicuous by their absence.''
read more
Italy: ''Unemployment hits 12-year high as recession worsens''
From Adnkronos
''Italian unemployment in April rose to its highest level in 12 years as companies laid off workers amid a deepening recession for the European-Union's fourth-biggest economy.
Joblessness among Italy's youth, defined as workers between 15-24 years old, was 35.2 percent in April, a 0.8 percent decline from March but 7.9 percent more than April 2011.
Italy is in its fourth recession since 2001 and banks have cut loans to businesses and individuals. Almost 12,000 businesses closed their doors in 2011, while some 3,000 Italian filed for bankruptcy during the first three months of the year, according to economic reports.''
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''Italian unemployment in April rose to its highest level in 12 years as companies laid off workers amid a deepening recession for the European-Union's fourth-biggest economy.
Joblessness among Italy's youth, defined as workers between 15-24 years old, was 35.2 percent in April, a 0.8 percent decline from March but 7.9 percent more than April 2011.
Italy is in its fourth recession since 2001 and banks have cut loans to businesses and individuals. Almost 12,000 businesses closed their doors in 2011, while some 3,000 Italian filed for bankruptcy during the first three months of the year, according to economic reports.''
read more
EU: ''Berlusconi says Italy should print money, Germany can leave euro if it disagrees''
From Adnkronos
''Italy should start printing money and Germany can leave the eurozone if it dosesn't like it, ex-Italian prime minister Silvio Berlusconi said on Friday.
"We have tell Europe that the European Central Bank has to start printing money, and change its mission. Otherwise we'll have to say ciao ciao to the euro or tell Germany and France to leave the euro if they disagree," Berlusconi said.''
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''Italy should start printing money and Germany can leave the eurozone if it dosesn't like it, ex-Italian prime minister Silvio Berlusconi said on Friday.
"We have tell Europe that the European Central Bank has to start printing money, and change its mission. Otherwise we'll have to say ciao ciao to the euro or tell Germany and France to leave the euro if they disagree," Berlusconi said.''
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''China in Middle of Israel, Iran''
From The Diplomat
''Those closely watching the Iranian nuclear issue may have noticed something interesting – China has become caught in the diplomatic middle between Israel and Iran. This fact underscores the growing importance of China on the international stage, and also highlights the growing importance of energy resources in international relations.''
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''Those closely watching the Iranian nuclear issue may have noticed something interesting – China has become caught in the diplomatic middle between Israel and Iran. This fact underscores the growing importance of China on the international stage, and also highlights the growing importance of energy resources in international relations.''
read more
''Bilderberg 2012: bigger and badder and better than ever''
From The Guardian
"Not to be used as safety barriers" was the warning on the safety barriers that the police laid around the gates of Bilderberg. The officers were firm but fair. "Madam, please step away with the balloons," they asked a protester, as she waved them angrily at arriving limousine. "But this is my first amendment right," she howled. I'll give you my balloons when you pry them from my cold, dead hands.
It's hard to look furious when you're holding balloons, but somehow she managed it. There's a lot of anger in the crowd this year – a great wall of noise met each delegate as they swooped up the hotel drive. Personally, I thought the crowd was a little harsh at times: branding each new arrival "thieving scum!" when, looking at the delegate list, no more than two thirds of those arriving could reasonably be called that.''
read more
"Not to be used as safety barriers" was the warning on the safety barriers that the police laid around the gates of Bilderberg. The officers were firm but fair. "Madam, please step away with the balloons," they asked a protester, as she waved them angrily at arriving limousine. "But this is my first amendment right," she howled. I'll give you my balloons when you pry them from my cold, dead hands.
It's hard to look furious when you're holding balloons, but somehow she managed it. There's a lot of anger in the crowd this year – a great wall of noise met each delegate as they swooped up the hotel drive. Personally, I thought the crowd was a little harsh at times: branding each new arrival "thieving scum!" when, looking at the delegate list, no more than two thirds of those arriving could reasonably be called that.''
read more
''A different way of doing things''
'Robin Murray explores the potential of co-ops to form the basis of an alternative economy'
From Red Pepper
''This way of thinking about an economy did not chime with the model of mass production that became the dominant 20th‑century paradigm for industry as well as for the principal state-centred (and centralised) alternatives on the left. The forward march of cooperation was halted.
In the past 30 years, though, there has been a rapid growth of all kinds of initiatives in the social economy. Confidence was lost in the centralised state-based alternatives, particularly after 1989. The revolution in information and communications made it possible to develop much more distributed systems of organisation, with complex webs of collaboration. Now, with the financial collapse of 2008 putting neoliberalism on the back foot, we are witnessing a new interest in co-operation.''
read more
From Red Pepper
''This way of thinking about an economy did not chime with the model of mass production that became the dominant 20th‑century paradigm for industry as well as for the principal state-centred (and centralised) alternatives on the left. The forward march of cooperation was halted.
In the past 30 years, though, there has been a rapid growth of all kinds of initiatives in the social economy. Confidence was lost in the centralised state-based alternatives, particularly after 1989. The revolution in information and communications made it possible to develop much more distributed systems of organisation, with complex webs of collaboration. Now, with the financial collapse of 2008 putting neoliberalism on the back foot, we are witnessing a new interest in co-operation.''
read more
''Europe Moves Closer to Banktatorship''
From CounterPunch
''The present crisis, which is largely the result of excessive credit expansion and poor risk management by EU banks, is being used by the European Commission and the ECB to establish a euro-wide ”banking union” and to impose savage cuts to social programs, health care, and pensions. The response by EU policymakers is a social counterrevolution designed to transform the 17-member monetary union into a permanent ”austerity zone” ruled by corporate elites and big finance.''
read more
''The present crisis, which is largely the result of excessive credit expansion and poor risk management by EU banks, is being used by the European Commission and the ECB to establish a euro-wide ”banking union” and to impose savage cuts to social programs, health care, and pensions. The response by EU policymakers is a social counterrevolution designed to transform the 17-member monetary union into a permanent ”austerity zone” ruled by corporate elites and big finance.''
read more
Tomgram: ''Nick Turse, Hot Drone-On-Drone Action''
From TomDispatch
''It’s now commonly estimated that more than 50 nations have drones, are making plans to develop them, or are at least planning to buy them from those who do produce them. In other words, the future global skies are going to be a busy -- and increasingly dangerous -- place. They will be filled not just with robotic surveillance aircraft, but also with non-U.S. remotely piloted armed assassins which, thanks to the path Washington has blazed, need pay no attention to anyone’s national sovereignty in a search for their version of bad guys to destroy. Iranians, Israelis, Russians, Chinese, Indians, British -- you name it and if they don’t already have something robotic aloft, they undoubtedly will soon enough. And those estimates don’t even include insurgent groups and terrorists, who are undoubtedly giving real thought to how to develop and use the equivalent of suicide drones. ''
read more
''It’s now commonly estimated that more than 50 nations have drones, are making plans to develop them, or are at least planning to buy them from those who do produce them. In other words, the future global skies are going to be a busy -- and increasingly dangerous -- place. They will be filled not just with robotic surveillance aircraft, but also with non-U.S. remotely piloted armed assassins which, thanks to the path Washington has blazed, need pay no attention to anyone’s national sovereignty in a search for their version of bad guys to destroy. Iranians, Israelis, Russians, Chinese, Indians, British -- you name it and if they don’t already have something robotic aloft, they undoubtedly will soon enough. And those estimates don’t even include insurgent groups and terrorists, who are undoubtedly giving real thought to how to develop and use the equivalent of suicide drones. ''
read more
''Greek Game Theory: Default, Devaluation, Austerity, Deliverance?''
From Daily Reckoning Australia
''It is alleged that Greece has two problems. An overvalued currency and too much debt. The link between the two is that a cheaper currency would spur on economic growth and thereby alleviate the debt problem. So far so good. It all makes sense. But now everything becomes completely muddled.
Greece has four options based on its two problems''
''It is alleged that Greece has two problems. An overvalued currency and too much debt. The link between the two is that a cheaper currency would spur on economic growth and thereby alleviate the debt problem. So far so good. It all makes sense. But now everything becomes completely muddled.
Greece has four options based on its two problems''
- Default and stay in the euro
- Default and leave the euro
- Don't default, and stay in the euro
- Don't default and leave the euro
''The China–Japan relationship and core Australian economic interests''
From East Asia Forum
"Japan and China are often seen as adversaries, locked into bickering and an historically antagonistic relationship.
But the rivalry and historical baggage no longer dominate the China–Japan relationship today. Much more important is their huge economic relationship — already the third-largest bilateral economic relationship in the world. And the scale and depth of their economic relationship is shaping their political relationship in ways that underline its cooperative, more than its conflictual, elements.''
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"Japan and China are often seen as adversaries, locked into bickering and an historically antagonistic relationship.
But the rivalry and historical baggage no longer dominate the China–Japan relationship today. Much more important is their huge economic relationship — already the third-largest bilateral economic relationship in the world. And the scale and depth of their economic relationship is shaping their political relationship in ways that underline its cooperative, more than its conflictual, elements.''
read more
''Greek leftist vows to cancel bail-out, renationalise economy''
From EU Observer
''Greek leftist leader Alexis Tsipras on Friday (1 June) unveiled his economic programme if he is elected later this month, pledging to cancel the EU-sponsored bail-out and renationalise banks and companies.
Instead, he claimed that the bail-out itself "a mechanism of definitive bankruptcy and propelling the country into a voluntary departure from the euro area, the only exit that is institutionally viable."
"This false dilemma of 'bail-out or drachma' hides the real equation that the bail-out leads to the return of the drachma," Tsipras said.''
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''Greek leftist leader Alexis Tsipras on Friday (1 June) unveiled his economic programme if he is elected later this month, pledging to cancel the EU-sponsored bail-out and renationalise banks and companies.
Instead, he claimed that the bail-out itself "a mechanism of definitive bankruptcy and propelling the country into a voluntary departure from the euro area, the only exit that is institutionally viable."
"This false dilemma of 'bail-out or drachma' hides the real equation that the bail-out leads to the return of the drachma," Tsipras said.''
read more
''Shell and ENI must come clean over oil deals in Nigeria''
From Global Witness
''Explanations made by Shell and ENI about payments made for a controversial oil deal in Nigeria are no longer sufficient and they must immediately come clean with more information about the deal, said Global Witness today. The call comes in response to a statement made by the Nigerian government which contradicts those made by Shell and ENI.''
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''Explanations made by Shell and ENI about payments made for a controversial oil deal in Nigeria are no longer sufficient and they must immediately come clean with more information about the deal, said Global Witness today. The call comes in response to a statement made by the Nigerian government which contradicts those made by Shell and ENI.''
read more
Friday, June 1, 2012
''The Disease is our Monetary System''
From Market Oracle
By Rudy Avizius
'Now there are 3 ways that money can be placed into circulation: it can be GIFTED, it can be SPENT, or it can be BORROWED.'
If the government were to simply give people printed money, it would be GIFTED into circulation. Since this “free money” provides no incentive to produce anything , there is no increase in production. The money supply increases, but not the number of produced goods or services, which ultimately results in inflation.
If the money is SPENT into circulation, it is used to pay for a goods or service that have been produced. The creation of these goods or services represents the creation of wealth. Therefore this created money is a payment for wealth that has been produced. This also increases the money supply, but since a matching amount goods or services were also created, this does not result in inflation. This money is then “wealth based” making it is a representation of wealth that has been created and therefore has no debt or interest burden associated with it.
If the money is BORROWED into existence as it is done in our current “debt based” monetary system, the money is created out of thin air by the banks using the fractional reserve lending system. This money is then a representation of debt and has a debt and interest burden associated with it.
The way money is brought into circulation is at the very heart of our problems. It turns out that in our “debt based” monetary system, our entire money supply (except for coins) is created when a loan is taken out. Once the loan is repaid, the money is removed from circulation. This system unfortunately has a fatal flaw that guarantees its ultimate collapse.''
read more
By Rudy Avizius
'Now there are 3 ways that money can be placed into circulation: it can be GIFTED, it can be SPENT, or it can be BORROWED.'
If the government were to simply give people printed money, it would be GIFTED into circulation. Since this “free money” provides no incentive to produce anything , there is no increase in production. The money supply increases, but not the number of produced goods or services, which ultimately results in inflation.
If the money is SPENT into circulation, it is used to pay for a goods or service that have been produced. The creation of these goods or services represents the creation of wealth. Therefore this created money is a payment for wealth that has been produced. This also increases the money supply, but since a matching amount goods or services were also created, this does not result in inflation. This money is then “wealth based” making it is a representation of wealth that has been created and therefore has no debt or interest burden associated with it.
If the money is BORROWED into existence as it is done in our current “debt based” monetary system, the money is created out of thin air by the banks using the fractional reserve lending system. This money is then a representation of debt and has a debt and interest burden associated with it.
The way money is brought into circulation is at the very heart of our problems. It turns out that in our “debt based” monetary system, our entire money supply (except for coins) is created when a loan is taken out. Once the loan is repaid, the money is removed from circulation. This system unfortunately has a fatal flaw that guarantees its ultimate collapse.''
read more
''THE US HAS ALREADY GONE BANKRUPT TWICE IN THE LAST CENTURY''
From GoldSeek
By Jeff Berwick
''It is our view that the modern USSA needs to be looked at in terms of its regression (not progress) since the Federal Reserve was put into place in 1913 and income tax was introduced. Less than two decades later and the US Government was already bankrupt. The only way it could salvage itself in 1933 was to confiscate much of the real wealth(gold coins and bullion) of its citizenry and devalue the dollar. This was bankruptcy #1.
After World War II, two facts led to it’s predominance in the global economy. The USSA was the only modern, industrial economy to survive intact and the establishment of the Bretton woods system that positioned the USD as the world reserve currency. This position was abused by the cynical political class and their wealth was squandered throughout the 1960s with the unnecessary war in Vietnam and the institution of the “Great Society” welfare state programs. By 1971, the US Government was again bankrupt.
This time, on August 15, 1971, Richard Nixon reneged on the promise to exchange the US dollar for gold. The world went into shock. For a period of time the US dollar barely traded on international markets. In Germany, where they have experience with hyperinflation, US dollars were not accepted by any currency exchange shop for a number of weeks as people around the world threw up their arms in anger. But... what could they do? Nothing. And what were the viable alternatives at the time? There were none... so, after a few weeks, people just continued to use the now pure fiat dollars.''
read more
By Jeff Berwick
''It is our view that the modern USSA needs to be looked at in terms of its regression (not progress) since the Federal Reserve was put into place in 1913 and income tax was introduced. Less than two decades later and the US Government was already bankrupt. The only way it could salvage itself in 1933 was to confiscate much of the real wealth(gold coins and bullion) of its citizenry and devalue the dollar. This was bankruptcy #1.
After World War II, two facts led to it’s predominance in the global economy. The USSA was the only modern, industrial economy to survive intact and the establishment of the Bretton woods system that positioned the USD as the world reserve currency. This position was abused by the cynical political class and their wealth was squandered throughout the 1960s with the unnecessary war in Vietnam and the institution of the “Great Society” welfare state programs. By 1971, the US Government was again bankrupt.
This time, on August 15, 1971, Richard Nixon reneged on the promise to exchange the US dollar for gold. The world went into shock. For a period of time the US dollar barely traded on international markets. In Germany, where they have experience with hyperinflation, US dollars were not accepted by any currency exchange shop for a number of weeks as people around the world threw up their arms in anger. But... what could they do? Nothing. And what were the viable alternatives at the time? There were none... so, after a few weeks, people just continued to use the now pure fiat dollars.''
read more
''The TAPI Scam–Why Is India Boldly Taking Responsibility for the Pipeline That Will Never Be Built?''
From 'There are no Sunglasses'
''Why are India's leaders befouling their own reputation by fronting an American fraud, whose only outcome is the creation of false hope? What does India have to gain by serving as a party to this intricate fraud? India must reject these fraudulent American schemes before they can play-out, if they want to survive the major conflict which lies at the end of this road. When Pakistan finally realizes that there is no gas coming from Turkmenistan, and they have allowed themselves to be blackmailed into rejecting Iranian gas, there will be hell to pay. India will stand alone as the guilty party, at that time, to remind the Pak Establishment that India remains Enemy Number One.''
''The HOA Crisis''
From Housing Wire
''A mortgage servicer completes the foreclosure, eventually. And the bank has taken title to the home and arranged to sell it as an REO to a new buyer. The purchase contracts are even signed. So, take another home out of the however-many-millions there are in the shadow inventory. It's off to the next one.
But then the bank finds out there is a homeowners association or condo association past due amount. In each state it is different, but in Florida, it's a nightmare. A safe harbor rule under a legal statute declares the first-lien holder can pay the lesser of either the past 12 months in assessments or 1% of the original principal balance on the home.
So, if a homeowner is paying $250 per month in HOA fees for a home that originally cost $140,000, that would be roughly $1,400 owed to the association as 1% of the original principal balance, opposed to the $3,000 in past due fees.''
read more
''A mortgage servicer completes the foreclosure, eventually. And the bank has taken title to the home and arranged to sell it as an REO to a new buyer. The purchase contracts are even signed. So, take another home out of the however-many-millions there are in the shadow inventory. It's off to the next one.
But then the bank finds out there is a homeowners association or condo association past due amount. In each state it is different, but in Florida, it's a nightmare. A safe harbor rule under a legal statute declares the first-lien holder can pay the lesser of either the past 12 months in assessments or 1% of the original principal balance on the home.
So, if a homeowner is paying $250 per month in HOA fees for a home that originally cost $140,000, that would be roughly $1,400 owed to the association as 1% of the original principal balance, opposed to the $3,000 in past due fees.''
read more
''Dashed Hopes for Baghdad Breakthrough''
From Foreign Policy in Focus
''The recently concluded negotiations between Iran and the world powers, the so-called P5+1, was perhaps the first serious attempt at resolving the Iranian nuclear impasse since the 2009 botched negotiations. Both sides entered the talks with a strong sense of cautious optimism, thinking maybe this time would be different. Even former top American diplomats joined the euphoric run up to the Baghdad talks. According to the former lead U.S. negotiator on Iran, Nicholas Burns, “for the first time in 32 years, since the Iranian revolution, there is the possibility of serious, substantive and sustained talks with Iran.”
However, to everyone’s disappointment, the talks ended with a last-ditch agreement to hold more talks in the near future.''
read more
''The recently concluded negotiations between Iran and the world powers, the so-called P5+1, was perhaps the first serious attempt at resolving the Iranian nuclear impasse since the 2009 botched negotiations. Both sides entered the talks with a strong sense of cautious optimism, thinking maybe this time would be different. Even former top American diplomats joined the euphoric run up to the Baghdad talks. According to the former lead U.S. negotiator on Iran, Nicholas Burns, “for the first time in 32 years, since the Iranian revolution, there is the possibility of serious, substantive and sustained talks with Iran.”
However, to everyone’s disappointment, the talks ended with a last-ditch agreement to hold more talks in the near future.''
read more
''Jamie Dimon And The Fall Of Nations''
From Baseline Scenario
By Simon Johnson
''We need an independent inquiry into how exactly JPMorgan lost so much money so quickly on its London trading operations – which supposedly were just “hedging.” It would also be helpful to know how Jamie Dimon, widely regarded as a good risk manager, did not know what was happening in London until Bloomberg News brought it to his attention – and why even then he denied there was a serious issue. Is this is a systematic breakdown in management and risk control systems? What exactly went wrong with the relevant models? What can we learn that would help improve the safety of the financial system? Have the largest banks grown too big and too complex to be managed safely?''
read more
By Simon Johnson
''We need an independent inquiry into how exactly JPMorgan lost so much money so quickly on its London trading operations – which supposedly were just “hedging.” It would also be helpful to know how Jamie Dimon, widely regarded as a good risk manager, did not know what was happening in London until Bloomberg News brought it to his attention – and why even then he denied there was a serious issue. Is this is a systematic breakdown in management and risk control systems? What exactly went wrong with the relevant models? What can we learn that would help improve the safety of the financial system? Have the largest banks grown too big and too complex to be managed safely?''
read more
Alex Jones USTREAM @Bilderberg
Check It out
http://www.ustream.tv/channel/alex-jones---infowars-com---prisonplanet-tv#utm_campaign=t.co&utm_source=6106473&utm_medium=social
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''Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds''
From ProPublica
''States have diverted $974 million from this year’s landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That’s nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement.''
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''States have diverted $974 million from this year’s landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That’s nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement.''
read more
''Accusations of “systemic institutionalised fraud” at RBS fall on deaf ears''
From Ian Fraser Blog
''Yesterday, another shareholder stood up at the Royal Bank of Scotland’s annual general meeting and made some serious and credible* allegations of “systemic institutionalised fraud” inside the Edinburgh-based bank.
Neil Mitchell claimed that the wrongdoing has become rampant inside the bank’s multi-billion repository for “distressed assets”, the Global Restructuring Group (GRG), which is overseen by global head of restructuring Derek Sach and also includes West Register, a vast ‘warehouse’ for distressed commercial property assets. Mitchell also accused the bank’s board of acting “like Putin.''
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''Yesterday, another shareholder stood up at the Royal Bank of Scotland’s annual general meeting and made some serious and credible* allegations of “systemic institutionalised fraud” inside the Edinburgh-based bank.
Neil Mitchell claimed that the wrongdoing has become rampant inside the bank’s multi-billion repository for “distressed assets”, the Global Restructuring Group (GRG), which is overseen by global head of restructuring Derek Sach and also includes West Register, a vast ‘warehouse’ for distressed commercial property assets. Mitchell also accused the bank’s board of acting “like Putin.''
read more
''Germany must not destroy the European order for a third time''
From 'There are no Sunglasses'
''Let’s not delude ourselves: If the euro falls apart, so will the European Union (the world’s largest economy), triggering a global economic crisis on a scale that most people alive today have never experienced. Europe is on the edge of an abyss, and will surely tumble into it unless Germany – and France – alters course.
The recent elections in France and Greece, together with local elections in Italy and continuing unrest in Spain and Ireland, have shown that the public has lost faith in the strict austerity forced upon them by Germany. Merkel’s kill-to-cure remedy has run up against reality – and democracy.''
read more
''Let’s not delude ourselves: If the euro falls apart, so will the European Union (the world’s largest economy), triggering a global economic crisis on a scale that most people alive today have never experienced. Europe is on the edge of an abyss, and will surely tumble into it unless Germany – and France – alters course.
The recent elections in France and Greece, together with local elections in Italy and continuing unrest in Spain and Ireland, have shown that the public has lost faith in the strict austerity forced upon them by Germany. Merkel’s kill-to-cure remedy has run up against reality – and democracy.''
read more
''Eurozone is 'unsustainable' warns Mario Draghi''
From The Telegraph
Amid escalating talk of a potential bail-out for Spain, the president of the ECB said the central bank was powerless to stop the debt tornado. "It's not our duty, it's not in our mandate" to "fill the vacuum left by the lack of action by national governments on the fiscal front," he said.''
read more
''Mario Draghi said the central bank could not "fill the vacuum" left by member states' lack of action as it was claimed the zone is on the point of "disintegration".
Amid escalating talk of a potential bail-out for Spain, the president of the ECB said the central bank was powerless to stop the debt tornado. "It's not our duty, it's not in our mandate" to "fill the vacuum left by the lack of action by national governments on the fiscal front," he said.''
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''MILITARY-INDUSTRIAL COMPLEX: The Money Continues to Flow Like Wine: Defense Dept. Contracts for May 29, 2012''
check out all the contracts........From Huntington News
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ARMY
''Sierra Nevada Corp., Sparks, Nev., was awarded a $250,000,000 firm-fixed-price and cost-plus-fixed-fee contract. The award will provide for the procurement of the Simple Key Loader - Panda, Foreign Military Sales kit, spares and repair and engineering support services. Work will be performed in Sparks, Nev.; Oakland, Calif.; Torrance, Calif.; Irvine, Calif; Murrieta, Calif.; Tampa, Fla.; Belcamp, Md.; and Columbia, Md., with an estimated completion date of May 10, 2017. One bid was solicited, with one bid received. The U.S. Army Contracting Command, Aberdeen Proving Ground, Md., is the contracting activity (W15P7T-12-D-0019).''read more
''Imperialism Redux: Canada Colonizes Honduras?''
From MR Zine
''Canada is presented as a model case of government upholding the values of transparency, efficiency, and fairness in private-sector development that Romer and his colleagues are promoting. So, for example, charter city judiciary and police for Honduras could be developed by Canadians, with institutions such as the Royal Canadian Mounted Police (RCMP) assisting to set up an "honest and efficient" police force.''
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''Canada is presented as a model case of government upholding the values of transparency, efficiency, and fairness in private-sector development that Romer and his colleagues are promoting. So, for example, charter city judiciary and police for Honduras could be developed by Canadians, with institutions such as the Royal Canadian Mounted Police (RCMP) assisting to set up an "honest and efficient" police force.''
read more
''India struggles with pipeline geopolitics''
From Asia Times Online
''India spends more than U$400 million each day on oil imports which account for 70% of its oil consumption. For a country facing such high dependence on outside sources so early in its growth trajectory one would expect securing reliable and long-term supplies would be at the forefront of the development and foreign policy agenda.
And yet, Delhi seems to be expending diplomatic and political resources in a direction that would baffle even the most optimistic observer. Last week, the union cabinet affirmed India's participation in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) 1,700-kilometer pipeline, which envisages a flow of gas from Central Asia into the Indian heartland.''
read more
''India spends more than U$400 million each day on oil imports which account for 70% of its oil consumption. For a country facing such high dependence on outside sources so early in its growth trajectory one would expect securing reliable and long-term supplies would be at the forefront of the development and foreign policy agenda.
And yet, Delhi seems to be expending diplomatic and political resources in a direction that would baffle even the most optimistic observer. Last week, the union cabinet affirmed India's participation in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) 1,700-kilometer pipeline, which envisages a flow of gas from Central Asia into the Indian heartland.''
read more
India: ''PM leaves for Myanmar, energy need and China in focus''
From Hindustan Times
''Prime Minister Manmohan Singh on Sunday left for Myanmar on a three-day trip that will see him unveil new initiatives in expanding trade and energy cooperation with the oil-rich country besides inking a pact on a bus service between Imphal and Mandalay. Singh said he hoped to focus on stronger trade and investment links, development of border areas and improving connectivity between India and Myanmar.
India remains "committed to a close, cooperative and mutually beneficial partnership with the government and people of Myanmar," Singh said in a statement before leaving for Yangon, Myanmar's biggest city.''
read more
''Prime Minister Manmohan Singh on Sunday left for Myanmar on a three-day trip that will see him unveil new initiatives in expanding trade and energy cooperation with the oil-rich country besides inking a pact on a bus service between Imphal and Mandalay. Singh said he hoped to focus on stronger trade and investment links, development of border areas and improving connectivity between India and Myanmar.
India remains "committed to a close, cooperative and mutually beneficial partnership with the government and people of Myanmar," Singh said in a statement before leaving for Yangon, Myanmar's biggest city.''
read more
Thursday, May 31, 2012
Bilderberg Attendees Confronted
Great Job Luke!!
'This is one of the 12 videos you will see released on May 31st during our 12 hour Donation Drive broadcast at Bilderberg. Help WeAreChange reach our goal @ http://wearechange.org/donate watch live here http://ustream.tv'
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