China’s ‘cancer villages’ bear witness to economic boom

china-contaminated-lake
A lake near Da Bao Shan in the northern part of China’s Guangdong province turns reddish brown after the water was contaminated for years August 27, 2009. It is highly unusual for people to contract cancer at tender ages, but not in the villages around Da Bao Shan, one of China’s largest mine that produces lead, zine, cadmium and other heavy metals. (REUTERS)

HONG KONG (Reuters) – One needs to look no further then the river that runs through Shangba to understand the extent of the heavy metals pollution that experts say has turned the hamlets in this region of southern China into cancer villages.

The river’s flow ranges from murky white to a bright shade of orange and the waters are so viscous that they barely ripple in the breeze. In Shangba, the river brings death, not sustenance.

“All the fish died, even chickens and ducks that drank from the river died. If you put your leg in the water, you’ll get rashes and a terrible itch,” said He Shuncai, a 34-year-old rice farmer who has lived in Shangba all his life.

“Last year alone, six people in our village died from cancer and they were in their 30s and 40s.”

Read moreChina’s ‘cancer villages’ bear witness to economic boom

IMF approves sale of 403 tonnes gold reserves

This is not done to help poor countries.

Now the elite, that has created the crisis, can buy more ‘cheap’ gold.

Gordon Brown again!

Gordon Brown’s decision to sell half of the UK’s gold reserves ‘cost UK £5billion’

People will say Gordon Brown is just a terrible investor/market timer, but he is an elite puppet like Obama, Bush, Blair etc. working to establish the ‘New World Order’.

Related information:
19 Jan 2007: Brown wants a ‘new world order’ (BBC NEWS)

: Gordon Brown New World Order Speech (YouTube) (!)
– Jan 22, 2008:
Brown’s secret talks on ‘new world order’ (NZ Herald)
– Jan. 26, 2009: Gordon Brown sees ‘New World Order’ after crisis (AFP)


IMF approves $13bn gold sale to aid poor states

gold-gold-gold

The International Monetary Fund has approved a sale of 403 metric tonnes of gold reserves, in a move likely to raise $13bn (£8bn) of cash to replenish its coffers for lending to low-income countries hit by the global economic downturn.

The sale amounts to roughly an eighth of the institution’s stockpile of the precious metal and comes as gold prices hit record highs, boosted by investors seeking safety away from volatile stock markets.

Dominque Strauss-Kahn, the IMF’s managing director, said sales would be conducted in a “responsible and transparent manner that avoids disruption to the gold market”. Speaking after a meeting of the IMF’s executive committee, he said the initiative would “put the financing of the IMF on a sound long-term footing and enable us to step up much needed concessional lending to the poorest countries”.

Among those pushing for the IMF to raise funds was Gordon Brown, who urged his counterparts to agree a sale at a meeting of G20 countries in London in April.

Read moreIMF approves sale of 403 tonnes gold reserves

Another $100 Billion of U.S. Government Bonds Seized in Italy

Last time:
The Bearer Bond Saga: It Gets More Odd

The Japanese Bond Smugglers Are Missing
The US Bearer Bonds ‘Coincidence’
The Saga Of The Bearer Bonds; Smuggled Bonds Are Probably Genuine
Italy Seizes $135 BILLION Of US Bonds: Smuggling Or Counterfeit-Printing?


Sept. 18 (Bloomberg) — The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.

The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.

The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.

“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.

Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.

Read moreAnother $100 Billion of U.S. Government Bonds Seized in Italy

US missile system’s track record: test delays, failed launches, missed targets

Designed to feed the military-industrial complex with taxpayer money.


For a system designed to protect the country from nuclear oblivion, the US national missile defence project’s history of failure has long raised eyebrows among scientists.

Years of testing have seen rocket-propelled interceptors refuse to launch from their silos, fail to separate from their boosters and miss their targets, sometimes by hundreds of miles.

Military officials can claim only a 50% hit rate, and only then in tests that are far removed from a real world attack scenario, said David Wright, a physicist and co-director of global security at the Union of Concerned Scientists in Cambridge, Massachusetts.

Some tests were delayed for months because the weather was not considered good enough for the interceptor to find its target.

When tests did go ahead, missile operators knew when the target would be launched and its trajectory in the sky. The missile system that was due to be installed in Europe had undergone even less rigorous testing. The plans included a two-stage interceptor which has yet to even begin flight tests.

Read moreUS missile system’s track record: test delays, failed launches, missed targets

Why Is President Obama Still Using Blackwater?

About Jeremy Scahill

Jeremy Scahill, a Puffin Foundation Writing Fellow at The Nation Institute, is the author of the bestselling Blackwater: The Rise of the World’s Most Powerful Mercenary Army. He is an award-winning investigative journalist and correspondent for the national radio and TV program Democracy Now!.

blackwater-now-xe

Two years ago on September 16, 2007, on a steamy hot Baghdad day with temperatures reaching 100 degrees, a heavily armed Blackwater convoy entered a congested intersection at Nisour Square in the Mansour district of the Iraqi capital. The once-upscale section of Baghdad was still lined with boutiques, cafes and art galleries dating back to better days. The ominous caravan consisted of four large armored vehicles with machine guns mounted on top.

As the Blackwater convoy was entering the square that day, a young Iraqi medical student named Ahmed Hathem Al-Rubaie was driving his mother, Mahasin, in the family’s white sedan. As fate would have it, they found themselves stuck near Nisour Square. The family were devout Muslims and were fasting in observance of the holy month of Ramadan.

Ali Khalaf Salman, an Iraqi traffic cop on duty in Nisour Square that day, remembers vividly when the Blackwater convoy entered the intersection, spurring him and his colleagues to scramble to stop traffic. But as the Mambas entered the square, the convoy suddenly made a surprise U-turn and proceeded to drive the wrong way on a one-way street. As Khalaf watched, the convoy came to an abrupt halt. He says a large white man with a mustache, positioned atop the third vehicle in the Blackwater convoy, began to fire his weapon “randomly.”

Khalaf looked in the direction of the shots, on Yarmouk Road, and heard a woman screaming, “My son! My son!” The police officer sprinted toward the voice and found a middle-aged woman inside of a vehicle holding a 20-year-old man covered in blood, who had been shot in the forehead. “I tried to help the young man, but his mother was holding him so tight,” Khalaf recalled. Another Iraqi policeman, Sarhan Thiab, also ran to the car. “We tried to help him,” Thiab said. “I saw the left side of his head was destroyed and his mother was crying out: ‘My son, my son. Help me, help me.”’

Officer Khalaf recalled looking toward the Blackwater shooters. “I raised my left arm high in the air to try to signal to the convoy to stop the shooting.” He says he thought the men would cease fire, given that he was a clearly identified police officer. The young man’s body was still in the driver’s seat of the automatic vehicle and, as Khalaf and Thiab stood there, it began to roll forward, perhaps as a result of the dead man’s foot remaining on the accelerator. Blackwater guards later said they initially opened fire on the vehicle because it was speeding and would not stop, a claim hotly disputed by scores of witnesses. Aerial photos of the scene later showed that the car had not even entered the traffic circle when it was fired upon by Blackwater, while the New York Times reported, “The car in which the first people were killed did not begin to closely approach the Blackwater convoy until the Iraqi driver had been shot in the head and lost control of his vehicle,” meaning Blackwater had already shot the man. “I tried to use hand signals to make the Blackwater people understand that the car was moving on its own and we were trying to stop it. We were trying to get the woman out but had to run for cover,” Thiab said.

“Don’t shoot, please,” Khalaf recalled yelling. But as he stood with his hand raised, Khalaf says a gunman from the fourth Blackwater vehicle opened fire on the mother gripping her son and shot her dead before Khalaf’s and Thiabs’ eyes. “I saw parts of the woman’s head flying in front of me, blow up,” Thiab said. “They immediately opened heavy fire at us.” Within moments, so many shots had been fired at the car from “big machine guns” that Khalaf says it exploded, engulfing the bodies inside in flames, melting their flesh into one. “Each of their four vehicles opened heavy fire in all directions, they shot and killed everyone in cars facing them and people standing on the street,” Thiab recalled. “When it was over we were looking around and about fifteen cars had been destroyed, the bodies of the killed were strewn on the pavements and road.” When later asked by US investigators why he never fired at the Blackwater men, Khalaf told them, “I am not authorized to shoot, and my job is to look after the traffic.”

Read moreWhy Is President Obama Still Using Blackwater?

Barclays’ chief currency strategist: Dollar to Fall – ‘The question is, what is there in the US to attract capital? And that answer is hard to find.’

change
U.S. quarters and U.S. dollar bills are arranged for a photograph in New York, Aug. 18, 2009. Photographer: Daniel Acker/Bloomberg

Sept. 17 (Bloomberg) — The dollar will weaken as U.S. investors send money overseas and the nation’s assets fail to attract global investors, said Steven Englander, chief currency strategist for the Americas at Barclays Capital Inc.

“Even though U.S. asset markets are doing well, they’re not doing well enough,” Englander said in an interview with Bloomberg Radio. “The question is, what is there in the U.S. to attract capital? And that answer is hard to find.”

Net buying of long-term equities, notes and bonds totaled $15.3 billion in July, compared with purchases of $90.2 billion in June, the Treasury Department said on Sept. 16. Including short-term securities such as stock swaps, foreigners sold a net $97.5 billion in July, compared with net selling of $56.8 billion the previous month.

Emerging economies such as China and Russia have questioned the dollar’s dominance in the global economy because of a federal budget deficit projected to exceed $1.5 trillion in the fiscal year that ends Sept. 30. Investors abroad reduced purchases of Treasuries by more than a third in July from the prior month and were also net sellers of U.S. corporate and agency debt.

The Standard & Poor’s 500 Index of U.S. stocks has gained 17 percent this year, lagging behind the 60 percent increase in Brazil’s Bovespa benchmark and the 28 percent advance in Canada’s S&P/TSX Composite Index. The Canadian dollar will probably rise to parity versus the U.S. currency from C$1.0658, or 93.83 U.S. cents, Englander predicted.

Read moreBarclays’ chief currency strategist: Dollar to Fall – ‘The question is, what is there in the US to attract capital? And that answer is hard to find.’

Obama drops missile defence plan; Russia to drop missile deployment plan: envoy

Has Russia sold out Iran?

Obama Offered Deal to Russia in Secret Letter:
WASHINGTON — President Obama sent a secret letter to Russia’s president last month suggesting that he would back off deploying a new missile defense system in Eastern Europe if Moscow would help stop Iran from developing long-range weapons, American officials said Monday.
(Source: The New York Times)

… or is it because the missile defense system is a complete failure:

US missile system’s track record: test delays, failed launches, missed targets:
Twenty leading scientists, including 10 Nobel laureates, wrote to President Obama in July to urge the administration to reconsider the European phase of the missile defence system.

“The planned European missile defence system would have essentially no capability to defend against a real missile attack. Independent and US governmental technical analyses have shown that any country that could field a long-range missile could also add decoys and other counter-measures to that missile that would defeat a defence system like that being proposed for Europe,” the letter stated.


missile

President Barack Obama has announced that he is shelving former President Bush’s plans for a missile defence system in Europe.

The project had become a major irritant in relations between the United States and Russia.

Instead of basing long-range interceptors in Poland and the Czech Republic, Mr Obama said there would be a redesigned defensive system that would be cheaper and more effective against the threat from Iranian missiles.

First broadcast 17 September 2009

Source: BBC News


Russia to drop missile deployment plan: envoy

BRUSSELS (Reuters) – Russia will not deploy new missiles in the Kaliningrad enclave now that the United States has dropped plans to build an anti-missile shield in Poland and the Czech Republic, Russia’s envoy to NATO said on Friday.

Dmitry Rogozin also welcomed a proposal from NATO Secretary-General Anders Fogh Rasmussen for more cooperation with Russia on anti-missile systems.

“It was very positive, very constructive and we have to analyze together all the sec-gen’s proposals for the new beginning of NATO-Russia cooperation,” Rogozin told a news conference.

On Russian plans to deploy medium-range missiles in Kaliningrad, which borders Poland and Lithuania, he said: “I hope you can understand logic … if we have no radars or no missiles in the Czech Republic and Poland, we don’t need to find some response.”

Fri Sep 18, 2009 6:49am EDT

Source: Reuters

Silvio Berlusconi: Exit Afghanistan Soon

ITALY AFGHANISTAN
A view of a sacrary displaying the six photos, of the fallen soldiers from the Italian Army, who died in an attack on an Italian military convoy in Kabul which also killed 10 Afghan civilians, seen in Rome, Thursday, Sept. 17, 2009.

ROME — Premier Silvio Berlusconi said Thursday it would be best for international troops to leave Afghanistan soon, after a bomb blast in Kabul killed six Italian soldiers in Italy’s deadliest day yet in the conflict.

Berlusconi insisted there was no timetable for withdrawal, and said any decision would be made together with Italy’s allies. The explosion also wounded four Italian soldiers.

“We are all convinced it’s best for everybody to get out soon,” Berlusconi told reporters in Brussels. His comments were carried on Italian state TV.

Related articles:
General Sir David Richards: Afghanistan will take 30 to 40 years
German Bundeswehr Manual: U.S. Military Uses Depleted Uranium Ammunition in Afghanistan

Former SAS Comander: Afghan operation is ‘worthless’

But he said Italy is “dealing with an international question that you can’t decide on your own because that would betray an accord.”

Read moreSilvio Berlusconi: Exit Afghanistan Soon

US Treasury To Sell $112 Billion In Notes Next Week

NEW YORK — The Treasury Department said Thursday it will issue $112 billion in notes next week. A record $43 billion in 2-year notes will be sold on Tuesday, followed by $40 billion in 5-year debt on Wednesday.

The final offering will be $49 billion in 7-year notes on Thursday. The amounts are each $1 billion more than last month — the most ever for each security — and in line with estimates of some of Wall Street’s biggest bond dealers.

– Related article: Are Foreign Purchases of US Treasury Bonds Being Faked?

Read moreUS Treasury To Sell $112 Billion In Notes Next Week

Peter Schiff on RT: Americans must prepare for deepening unemployment, inflation

“Nobody in the senate today understands basic economics.”


Date: 17th Sep 09

Related information:

US: Hyperinflation Nation
Peter Schiff: The Case For Inflation (09/12/2009)

Expert: Swine flu death rate similar to seasonal flu

vaccination
A doctor vaccinates a patient in a municipal vaccination centre in Nice, southeastern France, September 9,2009. (REUTERS)

WASHINGTON (Reuters) – The death rate from the pandemic H1N1 swine flu is likely lower than earlier estimates, an expert in infectious diseases said on Wednesday.

New estimates suggest that the death rate compares to a moderate year of seasonal influenza, said Dr Marc Lipsitch of Harvard University.

It’s mildest in kids. That’s one of the really good pieces of news in this pandemic,” Lipsitch told a meeting of flu experts being held by the U.S. Institute of Medicine.

“Barring any changes in the virus, I think we can say we are in a category 1 pandemic. This has not become clear until fairly recently.”

The Pandemic Severity Index set by the U.S. government has five categories of pandemic, with a category 1 being comparable to a seasonal flu epidemic.

Read moreExpert: Swine flu death rate similar to seasonal flu

Paul Craig Roberts: The Health Care Deceit

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

It is the War in Afghanistan Obama Declared a “Necessity,” Not Health Care


paul-craig-roberts
Paul Craig Roberts

The current health care “debate” shows how far gone representative government is in the United States. Members of Congress represent the powerful interest groups that fill their campaign coffers, not the people who vote for them.

The health care bill is not about health care. It is about protecting and increasing the profits of the insurance companies. The main feature of the health care bill is the “individual mandate,” which requires everyone in America to buy health insurance. Senate Finance Committee chairman Max Baucus (D-Mont), a recipient of millions in contributions over his career from the insurance industry, proposes to impose up to a $3,800 fine on Americans who fail to purchase health insurance.

The determination of “our” elected representatives to serve the insurance industry is so compelling that Congress is incapable of recognizing the absurdity of these proposals.

The reason there is a health care crisis in the US is that the cumulative loss of jobs and benefits has swollen the uninsured to approximately 50 million Americans. They cannot afford health insurance any more than employers can afford to provide it.

It is absurd to mandate that people purchase what they cannot afford and to fine them for failing to do so. A person who cannot pay a health insurance premium cannot pay the fine.

These proposals are like solving the homeless problem by requiring the homeless to purchase a house.

Read morePaul Craig Roberts: The Health Care Deceit

Japan: Scientists Create Hologram You Can Touch

TOKYO (Reuters Life!) – Imagine a light switch or a book that appears only when you need it — Japanese scientists are one step closer to making the stuff of sci-fi films into reality after creating a hologram that can also be felt.

“Up until now, holography has been for the eyes only, and if you’d try to touch it, your hand would go right through,” Hiroyuki Shinoda, professor at Tokyo university and one of the developers of the technology, told Reuters.

“But now we have a technology that also adds the sensation of touch to holograms.”

Holograms — three-dimensional images — are commonly found on credit cards, DVDs and CDs to prevent forgery, and larger scale holograms have been used in entertainment.

By using ultrasonic waves, the scientists have developed software that creates pressure when a user’s hand “touches” a hologram that is projected.

Read moreJapan: Scientists Create Hologram You Can Touch

US: Hyperinflation Nation

Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Marc Faber, Tom Woods, Gerald Celente, and others.

Prepare now before the US dollar is worthless.

Part 1 :

Read moreUS: Hyperinflation Nation

Italy: Mafia sank 30 ships full of nuclear, toxic wastes


Underwater footage of the sunken ship that could contain nuclear waste

A shipwreck apparently containing toxic waste is being investigated by authorities in Italy amid claims that it was deliberately sunk by the mafia.

An informant from the Calabrian mafia said the ship was one of a number he blew up as part of an illegal operation to bypass laws on toxic waste disposal.

The sunken vessel has been found 30km (18 miles) off the south-west of Italy.

The informant said it contained “nuclear” material.
Officials said it would be tested for radioactivity.

Murky pictures taken by a robot camera show the vessel intact and alongside it are a number of yellow barrels.

Labels on them say the contents are toxic.

The informant said the mafia had muscled in on the lucrative business of radioactive waste disposal.

But he said that instead of getting rid of the material safely, he blew up the vessel out at sea, off the Calabrian coast.

He also says he was responsible for sinking two other ships containing toxic waste.

Experts are now examining samples taken from the wreck.

Other vessels

An official said that if the samples proved to be radioactive then a search for up to 30 other sunken vessels believed scuttled by the mafia would begin immediately.

Read moreItaly: Mafia sank 30 ships full of nuclear, toxic wastes

US credit card defaults up, signal consumer stress

And now the credit card crisis. Who will bailout the US consumers?

“The defaults are a wake-up call for those expecting a V-shaped recovery.”

V-shape recovery? There is no recovery:

Job Losses: The Scariest Chart Ever


american-express-master-card-credit-card-crisis
American Express and MasterCard credit cards are shown in Washington June 25, 2008. (REUTERS)

NEW YORK (Reuters) – Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks’ consumer lending woes are far from over.

The trend was echoed among most other major credit card issuers, dashing optimism sparked when many banks and specialty finance companies reported lower default rates for July.

Read moreUS credit card defaults up, signal consumer stress

Rockefeller & Co CEO dies in ‘apparent’ suicide

Suicide?


james-mcdonald
James S. McDonald, a prominent adviser to wealthy families as chief executive of investment management group Rockefeller & Co, in an undated photo.(REUTERS)

BOSTON (Reuters) – James McDonald, a prominent adviser to wealthy families as chief executive of investment management group Rockefeller & Co, died in an apparent suicide, on Sunday, local authorities said on Tuesday.

McDonald, 56, was found with a single gunshot wound in his car near a strip mall in Dartmouth, Massachusetts on Sunday afternoon. Police are still investigating.

“The preliminary investigation concludes that this was an apparent suicide,” said Gregg Miliote, a spokesman for Bristol County District Attorney Sam Sutter.

McDonald was credited with growing Rockefeller & Co, the New York-based family office established by oil tycoon John D. Rockefeller in 1882 to manage the dynasty’s assets, into a broader investment management company with roughly $28 billion in assets.

Known as a perfectionist who drove himself and his employees hard, McDonald lived in New York City where people who worked with him said he was equally at home in corporate boardrooms and the city’s most exclusive social circles.

Read moreRockefeller & Co CEO dies in ‘apparent’ suicide

Europe overtakes US as the world’s wealthiest region

LONDON (MarketWatch) — A year after the Lehman Bros. collapse and subsequent credit crisis comes new confirmation that America is falling behind.

A report by the Boston Consulting Group finds that the U.S. is no longer home to the greatest chunk of the world’s wealth. That honor now belongs to Europe. See related story.

Of course, it’s not like anybody is really getting ahead. Global wealth fell nearly 12% in the past year to $92.4 trillion. It’s just that America’s share is falling faster than Europe’s, where total wealth declined a mere 5.8%.

Read moreEurope overtakes US as the world’s wealthiest region

Sonic Weapons Used in Iraq Are Now Positioned at Congressional Townhall Meetings

A Joint Investigative Report by East County Magazine and Liberty One Radio

sonic-weapons
(Photo: Mike Russell)

September 11, 2009 (San Diego) – “Long-range acoustic devices [LRADs] for crowd control can be extremely dangerous. These are used in Iraq to control insurgents. They can cause serious and lasting harm to humans…We want to know WHY our Sheriff Dept has this weapon,” Sal Magallanez of San Diego-based Liberty One Radio said in an e-mail sent to East County Magazine, prompting a joint investigation.

The device was stationed by San Diego County Sheriff deputies at a recent town hall forum hosted by Congresswoman Susan Davis (D-San Diego) in Spring Valley and at a subsequent town hall with Congressman Darrell Issa (R-San Diego). The Davis Rally drew an estimated 1,300-1,500 people, including vocal conservative and liberal protest groups. 
A public records search conducted by East County Magazine has confirmed that the device is an LRAD 500-x manufactured by San Diego-based American Technology Corporation (ATC). Capable of use as an effective loudspeaker, the LRAD also has the ability to emit a deafening tone aimed at incapacitating and dispersing a crowd without use of lethal force.

“It’s very concerning,” Kevin Keenan, executive director of the American Civil Liberties Union, said. ” It is fine for the Sheriff’s Department to have new less-than-lethal weapons, but for their interactions with individuals these still-dangerous weapons need to be used only as substitutes for firearms. They can’t be used as just another tool on the tool belt. As we’ve seen with tasers and pepper spray, these types of weapons are being used to subdue people even though they pose the risk of serious physical harm.”

He added, “Even more concerning is having these weapons for public order policing. I can imagine no situation, or am not aware of any situation that’s ever happened in San Diego County or is likely to happen that would justify using these weapons for public order policing to control a crowd. The main effect of having those weapons at public events is to chill people and chill free speech and free association.”

LRADs were developed by ATC at the request of the U.S. Navy after the attack on the U.S.S. Cole as a means of dissuading hostile invaders. ATC founder Elwood “Woody” Norris is a pioneer in sound technology who has also been instrumental in development of ultra-sound and ground penetrating radar.

Read moreSonic Weapons Used in Iraq Are Now Positioned at Congressional Townhall Meetings

Ron Paul on CNN: Federal Government ‘One Giant Toxic Asset’, ‘There Is No Recovery’

Related information:

Joseph Stiglitz: Banking Problems Are Now Bigger Than Before The Crisis:
Sept. 13 (Bloomberg) — Joseph Stiglitz, the Nobel Prize-winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.
“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”

Jim Rogers on CNBC: ‘US Bonds Are The Next Bubble’



Th
is video is from CNN’s American Morning, broadcast Sept. 14, 2009.
(Download video via RawReplay.com)

dr-ron-paul1

The US economy has not really recovered from last year’s financial crisis, and the policies of the Federal Reserve, the US’s central bank, are ensuring that the suffering will continue much longer than necessary, US House Rep. Ron Paul told CNN on Monday.

“They claim there’s a recovery but the recovery ought to be measured by the people working. True unemployment is now 16 percent, and the people who lost money have not regained the money. The people who lost houses have not gotten their houses back. There is no recovery,” said Paul.

The official unemployment rate in August was 9.7 percent, but Paul was referring to the broader unemployment measure, known as “U-6,” which measures not only the number of people looking for work but also those people who have given up looking for work. The official unemployment measure does not include people who have stopped looking for work.

In August, the broader U-6 unemployment rate was a stunning 16.8 percent, two-and-a-half percentage points higher than it was in the 1982 recession, which had been the worst recession since the Great Depression.

“There is no recovery, all there is is a lot of fudging,” Paul told CNN’s Kieran Chetly.

Paul was on CNN promoting his new book, End the Fed, in which he argues that the federal government’s bailout of Wall Street has indebted it to the point that the government itself is now “one giant toxic asset.”

Read moreRon Paul on CNN: Federal Government ‘One Giant Toxic Asset’, ‘There Is No Recovery’

Lord Myners describes £130bn sunk into banks as ‘nice little nest-egg’

Lord Myners described the £130bn sunk into banks as 'nice little nest-egg'
Lord Myners described the £130bn sunk into banks as ‘nice little nest-egg’

Treasury minister Lord Myners faced anger and charges of ‘complacency’  by calling the Government’s multi-billion bank bailout a ‘nice little nest-egg’ for the taxpayer.

He also said he thought the worst of the financial sector crisis was over. (The worst is yet to come.)

There were immediate accusations that he was ‘glossing over’ the unprecedented risk to the public purse of saving the UK’s stricken financial houses.

The Government has pumped some £60billion into Royal Bank of Scotland, Lloyds TSB and HBOS through cash injections and by underwriting reckless loans.

Experts at the International Monetary Fund have predicted that the total bill will eventually reach a jaw- dropping £130billion. The rescue deal has helped swell national debt to record levels.

There has been outrage from ordinary families who will suffer for decades from soaring taxes and cuts to public services as governments grapple to get to grips with the financial disaster.

But Lord Myners insisted that the bailout was actually an ‘investment’ that would bear fruit. (Devaluation of the pound? The UK defaulting on its debt?)

Read moreLord Myners describes £130bn sunk into banks as ‘nice little nest-egg’

Nanoparticles used in untested swine flu vaccines

swine-flu-vaccine

Vaccines which have been approved by the responsible government authorities for vaccination against the alleged H1N1 Influenza A Swine Flu have been found to contain nanoparticles. Vaccine makers have been experimenting with nanoparticles as a way to “turbo charge” vaccines for several years. Now it has come out that the vaccines approved for use in Germany and other European countries contain nanoparticles in a form that reportedly attacks healthy cells and can be deadly.

In 2007 researchers at the Ecole Polytechnique Fédérale de Lausanne (EPFL) announced in an article in the journal, Nature Biotechnology, that they had developed  a “nanoparticle that can deliver vaccines more effectively, with fewer side effects, and at a fraction of the cost of current vaccine technologies.” The article went on to describe the effects of their breakthrough: “At a mere 25 nanometers, these particles are so tiny that once injected, they flow through the skin’s extracellular matrix, making a beeline to the lymph nodes. Within minutes, they’ve reached a concentration of DCs thousands of times greater than in the skin. The immune response can then be extremely strong and effective.” (1)

There is only one small problem with vaccines containing nanoparticles, they can be deadly and at the least cause severe irreparable health damage.

Nanoparticles, promoted in the mass media as the new wonder revolution of science, are particles that have been produced vastly smaller than deadly asbestos particles which caused severe lung damage and death before being outlawed. Particles at a nano size, (nm = 0,000000001 Meter) fuse together with the membranes of our body cell membranes and, according to recent studies in China and Japan, continuously destroy cells once introduced into the body. Once they interact with the body’s cellular structure, they cannot be removed. Modern medicine euphemistically terms the phenomenon, a continuing infectious reaction.

Since the asbestos scandal, it has been established that particles in size a millionth of a meter, because of their enormous attractive force, penetrate all cells, destroying all those they come into contact with. Nanoparticles are far smaller than asbestos fibers.

Beijing Tests confirm deadly effects on humans

The fact that WHO, the European Medicines Evaluation Agency, the German Robert Koch Institute and other health bodies today would permit the population to be injected with largely untested novel vaccines containing nanoparticles says more about the powerful pharma lobby in Euiropean politics than it does about the sanity or moral integrity of the civil servants responsible for health of the general public.

The September 2009 issue of the respected European Respiratory Journal, made public on 19 August, and available since 21 August online, contains a peer-reviewed article with the title, “Exposure to nanoparticles is related to pleural effusion, pulmonary fibrosis and granuloma.”

The article describes tests carried out in 2008 at the elite Beijing Chaoyang Hospital on seven young women. All seven, ages 18-47 had been exposed to nanoparticles for 5-13 months in their common workplace. All were admitted to the hospital with shortness of breath and pleural effusions, or excessive fluids surrounding the lungs, inhibiting breathing. None of the seven had ever smoked and none were in any special risk group. Doctors carefully tested for every possibility and confirmed that the lung problems had a common origin-regular inhalation of nanoparticles in their factory. They had been exposed to Polyacrylat nanoparticles.

The tests confirmed the nanoparticles had set off a “super-meltdown” reaction in the patients. Despite all heroic efforts of doctors, two of the seven died from the lung complications. (2)

In their report, the scientists concluded something so alarming it is necessary to quote at length:

Immunological tests, examinations of bacteriology, virology and tumour markers, bronchoscopy, internal thoracoscopy and video-assisted thoracic surgery were performed. Surveys of the workplace, clinical observations and examinations of the patients were conducted. Polyacrylate, consisting of nanoparticles, was confirmed in the workplace. Pathological examinations of patients’ lung tissue displayed nonspecific pulmonary inflammation, pulmonary fibrosis and foreign-body granulomas of pleura. Using transmission electron microscopy, nanoparticles were observed to lodge in the cytoplasm and caryoplasm of pulmonary epithelial and mesothelial cells, but are also located in the chest fluid. These cases arouse concern that long-term exposure to some nanoparticles without protective measures may be related to serious damage to human lungs.(3)

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