Date: 9th Oct 09
“War is Peace; Freedom is Slavery; Ignorance is Strength.”
Obama should have shared the Nobel Peace Prize with George W. Bush, because he is just continuing his policies. And right now it looks like Obama will be even a lot worse than Bush.
“Just look at us. Everything is backwards; everything is upside down. Doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information and religions destroy spirituality.”
– Michael Ellner
(CNN) — President Barack Obama won the 2009 Nobel Peace Prize on Friday, a stunning decision that comes just eight months into his presidency.
The Norwegian Nobel Committee said it honored Obama for his “extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”
The president had not been mentioned as among front-runners for the prize, and the roomful of reporters gasped when Thorbjorn Jagland, chairman of the Nobel committee, uttered Obama’s name.
The president, who was awakened to be told he had won, said he was humbled to be selected, according to an administration official.
The Nobel committee recognized Obama’s efforts to solve complex global problems including working toward a world free of nuclear weapons.
“Only very rarely has a person to the same extent as Obama captured the world’s attention and given its people hope for a better future,” the committee said.
A 21-year-old computer whizzkid has become a millionaire and takes home £50,000 a month after he created a hit online computer game.
In Torn players earn points and status by carrying out muggings, murders and heists in an imaginary city. Photo: TORN.COM
Joe Chedburn, a self-confessed geek, was just 16 when he came up with the idea to write an online game focused on crime.
Torn, which is text-based and has no graphics, grew quickly and now has around 41,000 active users with over 1.3 million account holders.
Although the game is free to play users can pay £3 every month to receive extra points and status.
Most players are willing to pay enabling the site to make around £50,000-a-month. Joe, from Frome, Somerset, is now a millionaire at the age of 21.
He said: “I suppose when I was younger my parents used to tell me off for spending too much time on my computer but they are quite happy with what I am doing now.
“My father helps me quite a lot and I will go to him for advice about the business side of things.
“I have always been interested in computers and I am really lucky to be able to make money out of doing something that I really enjoy.
The US dollar is worth only 5 cents compared to the US dollar in 1913.
The US is broke, it will collapse and the dollar will be destroyed: ‘The Greatest Depression’
Glenn Beck explains how no longer trading oil in dollars will result in the collapse of the US dollar. He explains how foolish some Americans are to believe that the dollar will always reign supreme.
He explains how the Soviet Union collapsed, and some of the similarities that we are facing now, such as being tied down in a war in Afghanistan with no end in sight.
He also explains how there may come a time of great crisis when we will have to decide very quickly if we want to totally collapse, or if we want to fundamentally transform America instead.
Added: October 06, 2009
Obama is an elite puppet. He really has no idea what is really going on. There are more than 40 security levels above President Obama. There is more to President Obama than just being a ‘ human loudspeaker’ for a teleprompter, but not much more.
I expect the greatest financial/economic collapse in history to take place very soon.
“The war industry in America controls the White House.”
“Obama works for the war indutry.”
Added: October 06, 2009
If people trust the US government and the Federal Reserve, then they are doomed and they deserve it, because they haven’t done they research.
Why would you trust somebody that has been caught lying and stealing almost all of the time?
Why would you trust somebody that has brought down the value of the US dollar to 5 cents compared to 1913, when the Federal Reserve banksters took over?
Why would you trust somebody that has stolen essentially 95% of your money?
Why would you trust somebody that threatens with an economic meltdown if you would take a look into their books?
Senior Officials Had Financial Concerns About Nine Bank Instiutions Receiving TARP Funds
The chief watchdog for the government’s $700 billion bailout program says federal officials were trying to contain the worst financial crisis in decades last year with the Troubled Asset Relief Program, but they had concerns about the bank institutions’ financial health. (ABC News Photo Illustration)
The Treasury Department and the Federal Reserve lied to the American public last fall when they said that the first nine banks to receive government bailout funds were healthy, a government watchdog states in a new report released today.
Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), says that despite multiple statements on Oct. 14 of last year that these nine banks were healthy and only receiving government funds for the good of the country’s economy, federal officials knew otherwise.
“Contemporaneous reports and officials’ statements to SIGTARP during this audit indicate that there were concerns about the health of several of the nine institutions at that time and, as detailed in this report, that their overall selection was far more a result of the officials’ belief in their importance to a system that was viewed as being vulnerable to collapse than concerns about their individual health and viability,” Barofsky says.
Last October, the government was in the midst of trying to contain the worst financial crisis in decades. On Sept. 7, 2008, mortgage giants Fannie Mae and Freddie Mac were placed under conservatorship. On Sept. 15, the massive investment bank Lehman Brothers filed for bankruptcy. The next day, insurance giant AIG needed an $85 billion government loan to avoid collapse.
On Oct. 13, after Congress had passed the $700 billion financial bailout program earlier that month, Treasury provided capital injections for nine institutions that together held over $11 trillion in assets: Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Goldman Sachs, Morgan Stanley, Merrill Lynch, State Street and the Bank of New York Mellon. As of June 2008, these nine banks accounted for around 75 percent of all assets held by U.S. banks.
In announcing the initial $125 billion provided to these banks, former Treasury Secretary Hank Paulson on Oct. 14 said, “These are healthy institutions, and they have taken this step for the good of the U.S. economy. As these healthy institutions increase their capital base, they will be able to increase their funding to U.S. consumers and businesses.”
That same day, the Treasury Department, the Federal Reserve and the FDIC also released a joint statement reiterating that “these healthy institutions are taking these steps to strengthen their own positions and to enhance the overall performance of the US economy.”
– Top US commander in Afghanistan: The Taliban have gained the upper hand:
The Taliban have gained the upper hand in Afghanistan, the top American commander there said, forcing the U.S. to change its strategy in the eight-year-old conflict by increasing the number of troops in heavily populated areas like the volatile southern city of Kandahar, the insurgency’s spiritual home. Gen. Stanley McChrystal warned that means U.S. casualties, already running at record levels, will remain high for months to come.
(Source: The Wall Street Journal)
Ten American troops were killed at the weekend in two surprise attacks that caused alarm in Nato’s US-led coalition.
In one, hundreds of insurgents attacked a pair of isolated outposts in eastern Afghanistan, killing eight US soldiers and several Afghan policemen in the deadliest battle in 15 months. Scores more Afghan policemen were reportedly captured by the Taleban.
In the other an Afghan policeman opened fire on the American soldiers with whom he was working in central Wardak province, killing two and injuring three.
It was unclear whether the policeman was working for the Taleban or simply ran amok but the attack fuelled the distrust that many Nato soldiers already feel for the Afghan security forces that they are supposed to be working with and training as part of the coalition’s eventual exit strategy.
The attacks also came at a crucial juncture in the eight-year-old war, with President Obama soon to decide whether to accept a request by General Stanley McChrystal, the commander of the 100,000-strong US and Nato force in Afghanistan, for 40,000 extra troops, or to scale back the counter-insurgency operation and focus narrowly on crushing al-Qaeda.
Domestic opposition to the first option is increasing as the death toll rises steadily. Around 400 coalition troops have now been killed in Afghanistan this year, well over half of them American.
The two outposts on a hill in the remote and mountainous province of Nuristan, a Taleban and al-Qaeda stronghold on the lawless Pakistan border, were attacked before dawn on Saturday by around 300 insurgents from a mosque and a nearby village.
They stormed the Afghan police post at the foot of the hill then swept on to the Nato post further up. The attack was repelled with the help of US airpower but the ferocious battle lasted many hours.
Child mortality rates have doubled in India’s slums. In Rajasthan, Surma lost her son Parmesh to easily preventable diarrhoea at only four years old. Source: Save the Children Link to this video
India’s growing status as an economic superpower is masking a failure to stem a shocking rate of infant deaths among its poorest people.
Nearly two million children under five die every year in India – one every 15 seconds – the highest number anywhere in the world. More than half die in the month after birth and 400,000 in their first 24 hours.
A devastating report by Save the Children, due out on Monday, reveals that the poor are disproportionately affected and the charity accuses the country of failing to provide adequate healthcare for the impoverished majority of its one billion people. While the World Bank predicts that India’s economy will be the fastest-growing by next year and the country is an influential force within the G20, World Health Organisation figures show it ranks 171st out of 175 countries for public health spending.
Malnutrition, neonatal diseases, diarrhoea and pneumonia are the major causes of death. Poor rural states are particularly affected by a dearth of health resources. But even in the capital, Delhi, where an estimated 20% of people live in slums, the infant mortality rate is reported to have doubled in a year, though city authorities dispute this.
In the Bhagwanpura slum on the north-west fringes of the capital, numerous mothers have lost one or more infants in their first years of life through want of basic medical attention.
Rotting carcasses testify to the scale of the disaster looming in East Africa.
On the plains of Marsabit the heat is so intense the bush seems to shiver. The leafless scrub, bleached white by the sun, looks like a forest of fake Christmas trees. Carcasses of cattle and camels are strewn about the burnt red dirt in every direction. Siridwa Baseli walks out of the haze along a path of the dead and dying. He passes a skeletal cow that has given up and collapsed under a thorn tree. A nomad from the Rendille people, he is driving his herd in search of water.
He marks time in seasons but knows that it has not rained for three years: “Since it is not raining there is no pasture,” he says. Only 40 of his herd of sheep and goats that once numbered 200 have survived. Those that remain are dying at a rate of 10 every day.
Already a herder before Kenya’s independence he has never seen a drought like this.
“If I was young I would go to look for cash work. I am old. I may just die with my animals.”
Across East Africa an extraordinary drought is drying up rivers, and grasslands, scorching crops and threatening millions of people with starvation. In Kenya, the biggest and most robust economy in the region, the rivers that feed its great game reserves have run dry and since the country relies on hydropower, electricity is now rationed in the cities.
And yet, it is in the semi-desert on the southern fringe of the Sahel zone where the most dramatic changes are being felt. Droughts are nothing new here and the nomadic way of life where herders follow patchy rains across the seasons developed centuries ago as a response to precarious natural resources. The herds of cattle, sheep, goats and camels – which are venerated by the nomads – were built up in the good years to pad the margins of life when the rains failed. But this way of life is being overwhelmed, even the camels are dying of thirst.
– Ireland Votes 67% In Favor Of Lisbon Treaty -Final Count (Wall Street Journal)
Fear won! The New World Order won. The people will lose.
“As soon as the Irish people’s ballots were counted in June, their rejection of Lisbon was treated as the “wrong” answer, as if they had been taking part in a multiple-choice maths exam and had failed to work out that 2+2=4. Now, they will be given a chance to sit the exam again, “until [they] come up with the right answer,” says George Galloway, attacking EU elitism. The notion that the Irish “got it wrong” exposes gobsmacking ignorance about democracy in the upper echelons of the EU. The very fact that a majority of Irish people said no to Lisbon made it the “right answer”, true and sovereign and final. “No” really does mean no.”
“Asking the Irish to vote again on the Lisbon treaty is arrogant, insulting and undemocratic.”
Tony Blair – the same criminal that lied the U.K. into an illegal war – as EU president?
A ‘NO’ would also be a blow for the ‘New World Order’.
Tony Blair is set to become EU President within weeks if Ireland votes ‘Yes’ in its referendum on the Lisbon Treaty tomorrow.
The former prime minister’s candidacy for the new post will be rushed through as quickly as possible, according to government sources.
Mr Blair is among the favourites to become the first President of the European Union, a role that is chosen by the EU’s 27 leaders and not by voters.
Such an appointment would restore him to the world stage as well as boost his long-term income.
– Iran’s Nuclear Program: Iran truthful, in treaty compliance; US & Israel lying, in treaty violation
– Paul Craig Roberts: Another War in the Works; America Is Led and Informed by Liars
– Ron Paul on the Iranian Nuclear Program
– Paul Craig Roberts: Hypocrisy in Pittsburgh – More Lies, More Deceptions
The UN nuclear watchdog, the International Atomic Energy Agency (IAEA), has thanked Iran for providing the agency with information about the construction of its new pilot enrichment plant.
“With reference to the letter of 21 September 2009… from HE Ambassador Soltanieh to the Director General of the Agency Dr ElBaradei, I wish to thank the Islamic Republic of Iran for providing the Agency with information about Iran’s activities related to the construction of a new pilot enrichment plant,” read a letter by the IAEA to Iran, a copy of which was obtained by Press TV.
Iran, on September 21, informed the agency that it was constructing an enrichment plant in Fordu, south of the capital Tehran. The plant will be, according to senior lawmaker Hassan Ghafouri-Fard, used as a backup facility to Iran’s first enrichment facility in Natanz.
Iran, a signatory to the Nuclear Non-Proliferation Treaty (NPT), says its program is solely aimed at the civilian applications of the technology.
“To ensure that appropriate safeguard measures are put in place, I would appreciate receiving, in accordance with Iran’s Safeguards Agreement, further information with respect to the name and location of the pilot enrichment facility, the current status of its construction and plans for the introduction of nuclear material into the facility,” continued the IAEA letter, signed by Herman Nackaerts, Director of IAEA’s Division Of Operations Department Of Safeguards.
“We kindly request that this information, along with the other information detailed in the attached design information questionnaire, be provided to the Agency as soon as possible. The Agency would also appreciate being given access to the facility as soon as possible.”
Iran, under the Safeguards Agreement, is obliged to inform the IAEA of a new facility six months before using it for nuclear purposes. Tehran, however, informed the IAEA of the construction about a-year-and-a-half before the introduction of nuclear material.
This is another picture after typhoon Ketsana hit:
People wade in the chest deep floodwater Sunday, Sept. 27, 2009 in suburban Cainta, east of Manila, Philippines
Residents go on with their normal life amidst floodwaters in Taytay township, Rizal province, east of Manila, Philippines Friday Oct. 2, 2009. Tropical storm Ketsana brought the worst flooding in metropolitan Manila and neighboring provinces in more than 40 years that left more than 250 people dead and dozens more missing. The Philippines is bracing for the super typhoon Parma which is expected to hit the northern part of the country Saturday. (AP Photo/Bullit Marquez)
MANILA, Philippines — Tens of thousands of villagers fled the likely path of a powerful typhoon bearing down Friday on the Philippines, as the government braced for the possibility of a second disaster just days after a storm killed more than 400.
Heavy rain drenched mountainous coastal regions in the northeast as Typhoon Parma tracked ominously toward heavily populated areas still saturated from the worst flooding in 40 years.
Parma was forecast to hit the east coast Saturday, packing sustained winds of up to 120 mph (195 kph) and gusts up to 140 mph (230 kph). Officials fear it may develop into a “super-typhoon,” the government’s weather bureau said.
President Gloria Macapagal Arroyo declared a nationwide “state of calamity” and ordered six provincial governments to evacuate residents from flood- and landslide-prone areas in the path of the storm.
The “state of calamity” extends the one applied to Manila and 25 provinces hit by the earlier storm. The declaration frees up funds to respond to emergencies.
The following draft of an “isolation order” was discovered on the CDC’s website. It is a template for state and local officials to impose quarantines and what would effectively be martial law.
“Your illness [as determined by state and local officials] requires that you be isolated and requires further public health investigation and monitoring.”
Failure to obey will result in imprisonment without bail prior to trial and the possiblity of a two year prison term.
HO CHI MINH CITY, Vietnam — Typhoon Ketsana headed west toward Laos Wednesday after battering central Vietnam with powerful winds and heavy rain, leaving behind blue and sunny skies but dangerously rising flood waters. The official death toll was placed at 41, but officials said that number was expected to rise as more reports came in and as floodwaters threatened further destruction.
“The rain was heavy and the wind was like crazy,” said Nguyen Trong Tung, a photographer, describing the scene in a telephone call from Danang. “Right now the sun is beautiful, there are white clouds and the sky is blue and the streets are already clear.”
The clear weather is deceptive and the danger has not passed, said Andrew Wells-Dang, a representative of Catholic Relief Services, who called Ketsana “the most serious typhoon that’s hit here in four or five years.”
“The casualty figures will get worse over the next days as more reports come in and also as the river levels rise from rain up in the mountains that will cause more flooding,” he said in a telephone call from the capital, Hanoi. The floods could reach the historic highs of 1964, said Le Van Duong, a relief and disaster mitigation coordinator for World Vision, speaking by telephone from Danang.
Land of the free?
Change! The US is now officially a dictatorship:
US soldiers defend your country against all enemies foreign and domestic:
Say ‘NO’ to the vaccine.
WASHINGTON — U.S. military troops will begin getting required swine flu shots in the next week to 10 days, with active duty forces deploying to war zones and other critical areas going to the front of the vaccine line, a top military commander said Tuesday.
Air Force Gen. Gene Renuart also told The Associated Press that as many as 400 troops are ready to go to five regional headquarters around the country to assist federal health and emergency management officials if needed as the flu season heats up.
The Pentagon has bought 2.7 million vaccines, and 1.4 million of those will go to active duty military. National Guard troops on active duty are also required to receive the vaccine, as are civilian Defense Department employees who are in critical jobs.
As a result, the military is expected to provide health officials with an early assessment of the vaccine.
“Because I can compel people to get the shots, larger numbers will have the vaccine,” said Renuart, commander of U.S. Northern Command. “They will, as a percentage of the population, be vaccinated more rapidly than many of us. So we may see some objective results, good or not, of the vaccinations.”
– Samoa Tsunami Kills 141 Before Quake Prompts Indian Ocean Watch (Bloomberg)
SYDNEY, Australia — A powerful tsunami generated by an undersea earthquake killed more than two dozen people and wiped out several villages in the tropical islands of American Samoa and Samoa early on Tuesday there, according to officials and local residents who were working to assess the damage.
The earthquake struck around dawn, as many residents were preparing for work and getting their children ready for school. Officials said they expected heavy damage in the southern parts of Samoa and American Samoa, a United States territory with about 60,000 residents.
Damaged telephone lines on both islands hampered efforts to count the casualties and assess the destruction from the earthquake, with a magnitude of 8.0. It struck below the ocean about 120 miles southwest of American Samoa and 125 miles south of Samoa, and it was centered only 11 miles below the seabed, according to the United States Geological Survey.
At least 14 people were killed in American Samoa, the territory’s governor, Togiola T. A. Tulafono, said at a news conference in Hawaii. The toll could rise as emergency workers gain access to damaged areas, he and other officials said.
“President Barack Obama wants to label me a criminal. He wants to fine me twenty-five thousand dollars and throw me in prison for one year for my refusal to pay money into a corrupt, broken sick care system.”
– Mike Adams (Natural News)
(NaturalNews) There’s a popular video circulating on the ‘net right now about how to escape handcuffs without using a key. Americans are watching the video to bone up on essential skills that will soon be needed for health care reform, it seems, since the new laws that are about to be put in place call for Americans to be arrested and thrown in jail if they refuse to buy health insurance.
This has now been confirmed by Tom Barthold, the Chief of Staff of the Joint Committee on Taxation. And it’s not merely about jail time; it’s also about the $25,000 fine that could be levied by the IRS against individuals who refuse to buy health insurance.
That this is even being considered just boggles the mind. If a person is too broke to afford health insurance right now, how are they supposed to be able to buy it after paying a $25,000 fine and spending a year in prison?
As Paul Craig Roberts brilliantly pointed out in a recent essay, this is like trying to solve the homeless problem by forcing homeless people to buy a home, then throwing them in prison when they can’t afford to.
There’s never enough money to pay for a nation full of sick people
The current health care disaster in America is not simply a problem of people refusing to buy health insurance; it’s an issue of people not being able to afford to buy health insurance. When the annual insurance premium for a family of four is something above $13,000, that’s a terrible financial burden that many Americans simply can’t afford to pay — especially when so many people have lost their jobs due to the faltering economy.
The brutal facts of the matter are inescapable: The American people are too broke to buy their own health insurance, and the American government is too broke to buy it for them. The whole nation is going bankrupt over runaway health care costs. And why? I hate to invoke the “I told you so” phrase in a crisis like this, but the reasons for all this have been apparent for many years, and we’ve been regularly reporting them on NaturalNews: Our national “health care” system is really a “sick care” system that pushes deadly chemicals and medically-unjustified surgical procedures instead of teaching people how to stay well.
As long as junk food companies and pharmaceutical companies are allowed to run advertisements on television, and as long as the FDA and FTC continue their campaigns of censorship against nutritional cures and natural remedies, we will always have a health care crisis. You know why? Because no nation in the world can afford to foot the bill for a country full of sick people.
A military truck loaded with evacuees braves the flooded street after the water subsides allowing big trucks to enter the area Monday, Sept. 28, 2009 in suburban Cainta, east of Manila, Philippines. Weary victims of a tropical storm that unleashed worst flooding in more than a decades begun cleaning up their damaged homes as rescue workers plucked more dead bodies from muddy floodwaters. (AP Photo/ Pat Roque)
MANILA, Philippines — Rescuers pulled more bodies from swollen rivers Monday as residents started to dig out their homes from under carpets of mud after flooding left 140 people dead in the Philippine capital and surrounding towns.
Overwhelmed officials called for international help, warning they may not have sufficient resources to withstand another storm that forecasters said was brewing east of the island nation and could hit as early as Friday.
Authorities expected the death toll from Tropical Storm Ketsana, which scythed across the northern Philippines on Saturday, to rise as rescuers penetrate villages blocked off by floating cars and other debris. The storm dumped more than a month’s worth of rain in just 12 hours, fueling the worst flooding to hit the country in more than 40 years. At least 140 people died, and 32 are missing.
Yes, we can … use sonic weapons against the people.
Added: 24. September 2009
Added: 24. September 2009
G-20 opponents, police clash on Pittsburgh streets
Pittsburgh police in riot gear redeploy after confrontations with protestors near the Strip District in Pittsburgh, Thursday Sept. 24, 2009. Hundreds of demonstrators marched in protest of the G20, which is expected to begin in Pittsburgh on Thursday. (AP Photo/Jacqueline Larma)
PITTSBURGH — Police fired canisters of pepper spray and smoke at marchers protesting the Group of 20 summit Thursday after anarchists responded to calls to disperse by rolling trash bins and throwing rocks.
The afternoon march turned chaotic at just about the time that President Barack Obama and first lady Michelle Obama arrived for a meeting with leaders of the world’s major economies.
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.
The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.
Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.
There is no reason for this swine flu hype:
– Expert: Swine flu death rate similar to seasonal flu
Swine Flu can easily be prevented and treated with Acupuncture, Homeopathy, Propolis, MMS, Herbs, Vitamin D etc.
Ask David Rockefeller why he will never take any vaccine and ask him why he has all the time his personal homeopath around. (A friend reminded me on this fact lately.)
This is the same David Rockefeller that is a very important player behind Big Pharma.
Photo credit: Ed Betz | Rob Kozik, a registered nurse in Stony Brook University Medical Center’s neonatal intensive care unit, doesn’t want the government to force him to be vaccinated against H1N1 swine flu.
Dozens of Long Island nurses – many from Stony Brook University Medical Center – plan to rally with health care workers from across the state next week in Albany to protest a state regulation that mandates they be vaccinated for swine flu or lose their jobs.
The New York State Department of Health issued an emergency regulation in August that requires all health care workers in hospitals, public health clinics, hospices and in home health care be immunized against seasonal and swine flu. But it is the mandated swine flu shot that has angered the workers, who claim the vaccine has not been fully tested.
The New York State Nurses Association, which represents 37,000 nurses, supports opposition to mandatory vaccination.
“We as an organization have not questioned the safety of the vaccine,” said Nancy Webber, spokeswoman for the association. “We see this as an issue of workers’ rights.”
The Public Employees Federation, which represents 9,000 nurses statewide and 3,000 health care workers – nurses and others – at Stony Brook alone, agrees with the nurses’ group.
Nurses say they were never consulted before officials wrote the regulation.
“This vaccine has not been clinically tested to the same degree as the regular flu vaccine,” said Tara Accavallo, a registered nurse in Stony Brook’s neonatal intensive care unit, the division that has produced a number of protesters. “If something happens to me, if I get seriously injured from this vaccine, who’s going to help me?”
Ben Bernanke IS RIGHT, ‘the recession is over.’
It is now the ‘Greatest Depression’.
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.
Paul Craig Roberts
Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.
|At the urging of Larry Summers and Goldman Sachs’ CEO Henry Paulson, the Securities and Exchange Commission and the Bush administration went along with removing restrictions on debt leverage.|
The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy. It is the driving force, and it has been shut down. Except for the super rich, there has been no growth in consumer incomes in the 21st century. Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak.
The US economy has been kept going by substituting growth in consumer debt for growth in consumer income. Federal Reserve chairman Alan Greenspan encouraged consumer debt with low interest rates. The low interest rates pushed up home prices, enabling Americans to refinance their homes and spend the equity. Credit cards were maxed out in expectations of rising real estate and equity values to pay the accumulated debt. The binge was halted when the real estate and equity bubbles burst.
As consumers no longer can expand their indebtedness and their incomes are not rising, there is no basis for a growing consumer economy. Indeed, statistics indicate that consumers are paying down debt in their efforts to survive financially. In an economy in which the consumer is the driving force, that is bad news.
The banks, now investment banks thanks to greed-driven deregulation that repealed the learned lessons of the past, were even more reckless than consumers and took speculative leverage to new heights. At the urging of Larry Summers and Goldman Sachs’ CEO Henry Paulson, the Securities and Exchange Commission and the Bush administration went along with removing restrictions on debt leverage.
When the bubble burst, the extraordinary leverage threatened the financial system with collapse. The US Treasury and the Federal Reserve stepped forward with no one knows how many trillions of dollars to “save the financial system,” which, of course, meant to save the greed-driven financial institutions that had caused the economic crisis that dispossessed ordinary Americans of half of their life savings.
The consumer has been chastened, but not the banks. Refreshed with the TARP $700 billion and the Federal Reserve’s expanded balance sheet, banks are again behaving like hedge funds. Leveraged speculation is producing another bubble with the current stock market rally, which is not a sign of economic recovery but is the final savaging of Americans’ wealth by a few investment banks and their Washington friends. Goldman Sachs, rolling in profits, announced six figure bonuses to employees.
The rest of America is suffering terribly.
The unemployment rate, as reported, is a fiction and has been since the Clinton administration. The unemployment rate does not include jobless Americans who have been unemployed for more than a year and have given up on finding work. The reported 10% unemployment rate is understated by the millions of Americans who are suffering long-term unemployment and are no longer counted as unemployed. As each month passes, unemployed Americans drop off the unemployment role due to nothing except the passing of time.
The inflation rate, especially “core inflation,” is another fiction. “Core inflation” does not include food and energy, two of Americans’ biggest budget items. The Consumer Price Index (CPI) assumes, ever since the Boskin Commission during the Clinton administration, that if prices of items go up consumers substitute cheaper items. This is certainly the case, but this way of measuring inflation means that the CPI is no longer comparable to past years, because the basket of goods in the index is variable.
The Boskin Commission’s CPI, by lowering the measured rate of inflation, raises the real GDP growth rate. The result of the statistical manipulation is an understated inflation rate, thus eroding the real value of Social Security income, and an overstated growth rate. Statistical manipulation cloaks a declining standard of living.
In bygone days of American prosperity, American incomes rose with productivity. It was the real growth in American incomes that propelled the US economy.
In today’s America, the only incomes that rise are in the financial sector that risks the country’s future on excessive leverage and in the corporate world that substitutes foreign for American labor. Under the compensation rules and emphasis on shareholder earnings that hold sway in the US today, corporate executives maximize earnings and their compensation by minimizing the employment of Americans.
Try to find some acknowledgement of this in the “mainstream media,” or among economists, who suck up to the offshoring corporations for grants.
The worst part of the decline is yet to come. Bank failures and home foreclosures are yet to peak. The commercial real estate bust is yet to hit. The dollar crisis is building.
When it hits, interest rates will rise dramatically as the US struggles to finance its massive budget and trade deficits while the rest of the world tries to escape a depreciating dollar.
Since the spring of this year, the value of the US dollar has collapsed against every currency except those pegged to it. The Swiss franc has risen 14% against the dollar. Every hard currency from the Canadian dollar to the Euro and UK pound has risen at least 13 % against the US dollar since April 2009. The Japanese yen is not far behind, and the Brazilian real has risen 25% against the almighty US dollar. Even the Russian ruble has risen 13% against the US dollar.
What sort of recovery is it when the safest investment is to bet against the US dollar?
1. Inform everybody you know about the microchip and built the largest connection of people possible. Connect to other groups that oppose the chip.
2. Inform yourself about your rights and your protection given to you by the constitution.
(NSPD 51 and the Patriot Act are unconstitutional.)
3. Civil disobedience. Do not be immunized. Do not allow any chip implant. Resist if you have to.
4. Protect yourself “against all enemies foreign and domestic” if necessary.
5. Read: Solution.
More on microchips:
– Greg Evenson on Microchips and Swine Flu
– Whistleblower: Forced vaccinations – clear warning
– CASPIAN RELEASES MICROCHIP CANCER REPORT:
A new paper titled “Microchip-Induced Tumors in Laboratory Rodents and Dogs: A Review of the Literature 1990–2006” has been released…
– Met Police officers to be ‘microchipped’ by top brass in Big Brother style tracking scheme
Every single Metropolitan police officer will be ‘microchipped’….
…there will not be any choice about wearing one.
– UK: Compulsory microchipping of dogs
– U.S. School District to Begin Microchipping Students
So far the RFID chips are only implanted in the schoolbag to monitor the students movements.
– The Microchip is here !!! – New World Order
– The Microchip: Health, Privacy, Civil Rights And Freedom Under Siege
U.K. to Begin Microchipping Prisoners
VeriChip shares jump after H1N1 patent license win
DELRAY BEACH, Fla. & CHASKA, Minn.–(BUSINESS WIRE)–VeriChip Corporation (“VeriChip”) (NASDAQ: CHIP – News) and its development partner RECEPTORS LLC, a technology company whose AFFINITY by DESIGNTM chemistry platform can be applied to the development of selective binding products, announced today that VeriChip has been granted an exclusive license to RECEPTORS’ Patent No. 7,504,364 titled “Methods of Making Arrays and Artificial Receptors” and Patent No. 7,469,076 “Sensors Employing Combinatorial Artificial Receptors,” in their application to the development of the virus triage detection system for the H1N1 virus. The patents can also be applied to detection systems for other viruses and biological threats such as Methicillin-resistant Staphylococcus aureus (MRSA).
Last week, VeriChip announced its plans to fund its existing partnership with RECEPTORS to develop the virus triage detection system for the H1N1 virus. The companies have published a white paper entitled, “An Integrated Sensor System for the Detection of Bio-Threats from Pandemics to Emerging Diseases to Bioterrorism,” which outlines the system’s development and is available at www.verichipcorp.com.
Scott R. Silverman, Chairman and CEO of VeriChip, said, “In a short period of time following our announcement earlier this month that VeriChip has agreed to acquire Steel Vault Corporation (OTCBB: SVUL – News) and form PositiveID Corporation, we have been intently focused on maximizing our product portfolio and relationships in order to bring identification technologies and tools for consumers and businesses to market. Our strong balance sheet immediately positions us to invest in our partnership with RECEPTORS and we believe that receiving the exclusive license as it relates to this application of the ‘364 and ‘076 patents, which are the foundation of the virus triage detection system being developed with RECEPTORS, is a key step in the evolution of PositiveID.”
About RECEPTORS LLC
RECEPTORS LLC is a private company based in Chaska, Minnesota. RECEPTORS’ mission is to advance the diagnosis and treatment of disease and to enhance the health, safety, and quality of the global environment through the development and application of artificial receptor products for both research and industry. To achieve this mission, RECEPTORS focuses its individual and collective efforts, its commitment to excellence, and the power of its technology to develop innovative solutions that meet the unique needs of its customers and stakeholders. For further information please visit http://www.receptorsllc.com.
About VeriChip Corporation
VeriChip Corporation, headquartered in Delray Beach, Florida, has developed the VeriMedTM Health Link System for rapidly and accurately identifying people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip and corresponding personal health record, cleared for medical use in October 2004 by the United States Food and Drug Administration.
On September 8, 2009, VeriChip announced it agreed to acquire Steel Vault Corporation to form PositiveID Corporation. PositiveID will provide identification technologies and tools to protect consumers and businesses. The companies expect the merger to close in the fourth quarter of 2009.
Added: 17. September 2009
The original poster of the video was endtimes777 – a very brave young woman. She is (as far as we know) a 37 year old Army Engineer and over the weekend of Sept 12-13 in the LA are attended a drill with colleagues, including California Highway Patrol, LA County Sheriffs, and LAPD.
One of these colleagues told her that he had recently been training to establish roadblocks in the LA area. She references the testimony of former State Trooper Greg Evensen here:
…and shows clearly readable documentation and a photo (taken by her colleague) of what she states is an RFID tracking device, more information about which is here: