Fears Rise of Euro Government Default, Euro And Stock Markets Slump

See also:

Trichet Says Greece, ‘All Countries’ Must Meet EU Deficit Rules (BusinessWeek)

Germany Warns of ‘Fatal’ Eurozone Crisis, Funds Flee Greece (Telegraph):

Germany has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region’s economic crisis has turned dangerous and could prove “fatal” for the entire eurozone.


euro

Financial markets swooned Thursday amid rising fears of a government debt default in Europe, highlighting the seriousness of the challenges facing the euro currency as fiscally challenged countries like Greece, Portugal and Spain dig themselves out of debt.

After a brief respite early this week, the cost of insuring against default the debt of euro-zone members with large budget deficits jumped late Wednesday and rattled investors more broadly on Thursday.

While Greece and Portugal have felt investors’ fire in recent days, now even larger economies like Spain are starting to come under pressure from worries about their weakened public finances.

Blue-chip stock indexes in Spain and Portugal slumped nearly 6% and 5%, respectively, while an index of Europe’s 600 biggest companies dropped 2.7%. The euro sank more than 1% against the U.S. dollar to an eight-month low of $1.3727 and lost 3% of its value against the Japanese yen.

The global economic downturn, and extensive government spending to fight it, have led to major fiscal problems in Europe, especially for less-dynamic economies like Greece, Portugal, Ireland and Spain. Such countries took advantage of their membership in the 16-nation euro bloc during the boom by borrowing at unusually low interest rates. But now, investors are worried about how they will reduce yawning budget deficits that exceed 12% of their economic output in the case of Greece and Ireland.

Read moreFears Rise of Euro Government Default, Euro And Stock Markets Slump

Italy’s Financial Police Seizes Bank of America, Dexia Assets Amid Fraud Probe

Feb. 3 (Bloomberg) — Italy’s financial police are seizing 73.3 million euros ($102 million) of assets from Bank of America Corp. and a unit of Dexia SA as part of a probe into an alleged derivatives fraud in the region of Apulia.

Police are investigating losses on derivatives linked to the sale of 870 million euros of bonds sold by the regional government in 2003 and 2004, according to an e-mail from the prosecutor’s office in Bari today. The banks misled the municipality, located in the heel of Italy, on the economic advantages of the transaction and concealed their fees, the prosecutor said.

The region, also known as Puglia, joins more than 519 Italian municipalities that face 990 million euros in derivatives losses, according to data compiled by the Bank of Italy. In Milan, prosecutors seized assets from four banks including JPMorgan Chase & Co. and UBS AG in April and requested they stand trial for alleged fraud. Hearings started this month.

“Italy, like other countries, is full of these examples,” said Dario Loiacono, a banking lawyer in Milan who isn’t involved in the case. “It’s the result of the unavoidable asymmetry of information between the banks and the municipal borrowers.”

Read moreItaly’s Financial Police Seizes Bank of America, Dexia Assets Amid Fraud Probe

Director of National Intelligence Says US May Kill Americans Abroad

Sounds like a nice official, international SS death squad to me.

The US government is about to kill US citizens and it is the US government that defines who is a terrorist, and who’s not.

Related information:

US Soldier: The Enemy Is At Home

Rep. Ron Paul on Obama seeking to assassinate ‘US citizens’ he labels as terrorist

Rep. Ron Paul Warns of Social Unrest and Martial Law

CIA Director Reveals Spec Ops Report: US Needs Hit Squads, ‘Manhunting Agency’


nsa-to-kill-americans-abroad

In a striking admission from the Obama Administration’s top intelligence officer, Director of National Intelligence Dennis Blair announced Wednesday that the United States may target its own citizens abroad for death if it believes they are associated with terrorist groups.

“We take direct action against terrorists in the intelligence community,” Director of National Intelligence Dennis Blair told the House Intelligence Committee. He said US counter-terrorism officials may try to kill American citizens embroiled in extremist groups overseas with “specific permission” from higher up.

If “we think that direct action will involve killing an American, we get specific permission to do that,” Blair said in response to questions from the panel’s top Republican, Representative Pete Hoekstra.

Blair’s comments came after The Washington Post reported that US President Barack Obama had embraced predecessor George W. Bush’s policy of authorizing the killing of US citizens involved in terrorist activities overseas.

If a United States citizen was determined to have joined a foreign terrorist group, that person could be legally murdered under orders given by President George W. Bush after the 9/11 attacks.

“After the Sept. 11, 2001, attacks, Bush gave the CIA, and later the military, authority to kill U.S. citizens abroad if strong evidence existed that an American was involved in organizing or carrying out terrorist actions against the United States or U.S. interests, military and intelligence officials said,” the Post reported. “The evidence has to meet a certain, defined threshold. The person, for instance, has to pose ‘a continuing and imminent threat to U.S. persons and interests,’ said one former intelligence official.

“The Obama administration has adopted the same stance. If a U.S. citizen joins al-Qaeda, ‘it doesn’t really change anything from the standpoint of whether we can target them,’ said a senior administration official. ‘They are then part of the enemy.'”

Read moreDirector of National Intelligence Says US May Kill Americans Abroad

US Soldier: The Enemy Is At Home

Bush and Blair knew that the war was illegal and that Iraq did not have any WMD’s!

Tony Blair Was Warned By All 27 Senior Government Lawyers That Iraq War Was Illegal

Dutch Inquiry: Iraq War Was Illegal, Had ‘No Basis In International Law’

US and UK knew that Iraq Didn’t Have WMDs

Tony Blair ‘knew Iraq did not have WMD before war started’

In case you want to know one reason why the ‘real terrorists’ invaded Afghanistan, then read this:

Former UK ambassador: CIA sent people to Uzbekistan for extreme torture, to be ‘raped with broken bottles,’ ‘boiled alive’ and ‘having their children tortured in front of them’

Almost the entire US government is bought and paid for.


Here is a short video of a speech given by a military soldier explaining the simple truth as to why we are actually in Iraq.


YouTube

Why are we at war?

War is profitable, that’s way.

It matters not how many die, as long as the warmongers make a profit on it.

Inquiring minds are noting increasing resentment against US militarism in places some might least expect. Please consider Thousands protest in Tokyo against U.S. military presence in Japan

Thousands of protesters from across Japan marched today in Tokyo to protest against U.S. military presence on Okinawa, while a Cabinet minister said she would fight to get rid of a marine base Washington considers crucial.

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Some 47,000 U.S. troops are stationed in Japan, with more than half on the southern island of Okinawa. Residents have complained for years about noise, pollution and crime around the bases.

Japan and the U.S. signed a pact in 2006 that called for the realignment of American troops in the country and for a Marine base on the island to be moved to a less populated area.

But the new Tokyo government is re-examining the deal, caught between public opposition to American troops and its crucial military alliance with Washington.

On Saturday, labor unionists, pacifists, environmentalists and students marched through central Tokyo, yelling slogans and calling for an end to the U.S. troop presence.

They gathered for a rally at a park – under a banner that read ‘Change! Japan-U.S. Relations’ – for speeches by civil leaders and politicians.

Read moreUS Soldier: The Enemy Is At Home

President Obama Ups Pakistan Drone Strikes in Assassination Campaign

News reports said a volley of missile strikes from US drones killed 16 alleged militants in Pakistan on Tuesday. The use of drones to assassinate Taliban and Al Qaeda leaders in Pakistan has soared under President Barack Obama.

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United States Air Force Capt. Bob operates a Predator unmanned aircraft system over Kandahar, Afghanistan, from Indian Springs, Nevada.

Several US unmanned aerial vehicles, or drones, fired a volley of missiles at houses in a village in Pakistan’s northwest on Tuesday and killed roughly 16 alleged Taliban militants, news agencies reported. Information on civilian casualties, if any, was not immediately available.

Agence France-Presse cited an unidentified Pakistani security official as saying that about 18 US missiles were fired at targets in the village of Dattakhel. Earlier news reports put the death toll at about 10. A later report by CNN claimed 29 killed.

The attack is just the latest confirmation of the commitment President Barack Obama has made to the assassination campaign inside Pakistan — a close US ally — that began under his predecessor, President George W. Bush.

The Long War Journal, a blog that focuses its coverage on the war efforts in Iraq and Afghanistan, has been tracking US drone and other air power attacks in Pakistan for some time. Using open-source information, the blog tallied five US aerial attacks in Pakistan in 2007 and 36 in 2008, most of those in the last half of that year.

In 2009, President Obama’s first year in office, the tempo of such attacks in Pakistan increased 47 percent, to 53. The vast majority of these have been carried out with drones.

Tuesday’s strike brought this year’s tally to 12, with just over 100 fatalities. That’s just under a quarter of last year’s total. If that pace were matched for the rest of the year, there will be 134 US attacks inside Pakistan.

Read morePresident Obama Ups Pakistan Drone Strikes in Assassination Campaign

Haiti: US Military Nowhere To Be Found In Port-au-Prince

The US has sent 33,000 troops to Haiti, but they are nowhere to be found?

That is called ‘full American Katrina support’!:

Robert Gates: “I don’t know how … [the US] government could have responded faster or more comprehensively than it has.”

….US President Barack Obama pledged full American support in a phone call to his Haitian counterpart Rene Preval.

Source: BBC NEWS

Related articles:

UNICEF: Children disappearing from Haiti hospitals

Haitians Receive Little Help Despite Promises From World Leaders; US Doctors Are Desperate


EXTRA: An Interview With A Haitian-American Nurse

While I was getting something to eat in Delmas, I ran into a group of Haitian American nurses and doctors from the United States. I wanted to get their reaction to the earthquake and relief efforts.

“I thought I was going to be seeing military everywhere.”

Listen to the interview, click here for the MP3 (4 mins 9 secs)

Reporting from Haiti

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You have to be in Haiti to see for yourself that no where in Port-au-Prince are troops present or actively helping survivors.

No Aid In Port-au-Prince

I have been driving all week around Port-au-Prince taking photos of the destroyed homes and buildings and as I’ve gone from one end of this city to the other, the US is military is only found at the airport – nice and secured behind those gates.

Meanwhile, the UN and its white Jeeps are driving all around this city, but I haven’t seen them stop at any particular location to give food or water. Where is all the aid going, if any?

Michel David Stephan is a 22-year-old Haitian university student who has not been able to continue his studies because the campus has been badly damaged. I asked him what he thought of the UN.

“We call them ‘tourists’ because they don’t do nothing,” Stephan told me.

I also asked Stephan what he thought of the US military.

“They are tourists too, they only come to take pictures,” he said.

The only people present and actively helping on the ground are members of relief organizations, but there aren’t enough of them.

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As a journalist my job is to try to provide answers, but I find myself scratching my head too. The troops are not seen at the tent cities or shanty towns – are they tanning at the beach? That’s a big maybe.

In many parts of Port-au-Prince you see people selling and providing services. They are trying to go back to a normal life, but right next to a bank, there is a tent city and when you drive around at night, you see people camping out where ever there is space. Do they have a full belly? Most likely not. Would they appreciate the help? No doubt.

There is a big propaganda machine spitting out lies that the Haitians are happy to see Americans everywhere, but those Haitians must be the ones living in the United States. Here what you see are signs with phrases like: “We need food and water,” “We need medicine.”

Read moreHaiti: US Military Nowhere To Be Found In Port-au-Prince

‘Systematic’ Sexual Abuse at Berlin Catholic School

Jesuit Priest Admits Molesting Youth

Systematic Sexual Abuse at Berlin Catholic School
Molest cases at Berlin’s Canisius College Jesuit high school, where “systematic” sexual abuse took place for years.

A priest last week admitted in a statement to SPIEGEL he had abused a number of pupils at an elite Berlin high school run by Jesuit priests. In recent days, around 20 former students have come forward alleging they were sexually abused by priests at the school. The director of Canisius College has described the years-long abuse as “systematic.”

Berlin’s Canisius College, a university-prep high school run by Jesuit priests, is one of the most elite schools in the German capital. Former students from the respected private school have reached the upper echelons of business, politics and society. For the past week, however, Canisius College has been at the center of a major sexual abuse scandall.

Last week, around 20 former students claimed they had been sexually abused by two teachers at the school, Wolfgang S. and Peter R. The abuse is believed to have been committed during the 1970s and 1980s.

‘Nothing To Apologize For’

After being contacted by SPIEGEL, one of the former teachers admitted he had abused some of his students. Wolfgang S., a former sports teacher and Jesuit priest, issued a statement to his victims stating it was “a sad fact that I abused children and young men under pseudo-educational pretexts.” The churchman, who today lives in South America, said that he had informed regional Catholic authorities in Germany in 1991 of his “criminal past.” He claims the Jesuit priests had known for 19 years about the multiple incidents of abuse.

Stefan Dartmann, the Catholic Provincial Superior for Germany, confirmed to SPIEGEL that the order has knowledge of the crimes that had been committed by Wolfgang S. at the time. Dartmann said a lawyer had been hired to investigate the files “to determine what, exactly, the Jesuits knew at the time and what consequences they drew.” Wolfgang S. left the order in 1992. Previously, he is also believed to have abused pupils at other schools, but he refused to comment on those allegations.

In addition to his time at the Berlin school, he worked at the Sankt-Ansgar School in Hamburg and at the Sankt-Blasien school in the southern Black Forest region from 1982 to 1984.

‘Intimate, Fatherly Behavior’

The then-director of the school, Father Hans Joachim Martin, said that S.’s “intimate, fatherly behavior” towards some schoolchildren had attracted his attention. S. was later forced to leave the high school.

S. also claimed he had told the Vatican about his misconduct. In his statement, he says that he had provided testimony to the Vatican with “unvarnished honesty.” And in South America, he had “again and again come into close contact with the torturers and victims” of the Pinochet dictatorship. “I was confronted with my mirror image as a tormenter of children,” he said.

Several victims expressed their outrage over the tone of his statement. In the document, dated Jan. 20, S. addressed “all the people who I abused as children and in their youth.” He added, “I’m sorry for what I did to you. And if you are capable, I ask you to forgive me.” But he also told SPIEGEL: “I have come clean about my past to God and the world.”

The second man alleged to have abused children at the school is a 69-year-old former religion teacher from Berlin, Peter R., who has disputed all allegations. SPIEGEL could not reach R. for comment by press time on Friday or on subsequent attempts on Monday. After his time at the school in Berlin, R. apparently worked as a pastor with young people in the state of Lower Saxony. He was reportedly the victim of a knife attack by a former Canisius College student several years ago.

Victim: Priest Ordered Me to Masturbate in Front of Him

After SPIEGEL hit the newsstands on Monday, additional details emerged in the alleged abuses.

One former victim who has accused Peter R. told SPIEGEL that he had had “several extensive talks” in 1981 with the school’s rector at the time, in which he spoke exhaustively about his sexual abuse. He said the abuse had taken place in a basement on the school grounds. He said the priest had repeatedly ordered him to masturbate in front of him. “Anyone who wanted to get any further in school,” the witness said, was forced to go through similar degradation.

Karl Heinz Fischer, the school’s rector from April 1981 to June 1989, confirmed to SPIEGEL that a student had reported Peter R.’s abuse to him during the first half of 1981. Fischer said he had immediately notified his superior, priest Rolf Dieter Pfahl, who was the Provincial Superior for the Jesuit Province of Northern Germany, of the allegations. Pfahl then called for Peter R. to be transferred. After the summer holidays in 1981, Fischer told SPIEGEL, Peter R. was no longer deployed in the classroom.

Read more‘Systematic’ Sexual Abuse at Berlin Catholic School

The New Vision of the Obama Administration: War Without End

The US is totally broke and the only asset left is the military.

Change you can believe in!


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Suicide bombers inside the United States. Nuclear-armed nations collapsing and losing control of nuclear weapons. Bloody new conflicts like Iraq and Afghanistan. American troops under attack at bases around the world. Terrorist attacks using unknown new diseases. Chinese missile attacks on Taiwan.

The Obama administration has unveiled a scary new view of the global security landscape and a new strategy intended to protect Americans and U.S. allies. It is a sharp change from previous Pentagon strategic assessments in that it focuses on the wars Americans are currently fighting, rather than on future conflicts in which the United States might be involved.

And that future, in the Pentagon’s view, is quite grim.

The new assessment — reflecting “a bracing dose of realism,” said Defense Secretary Robert Gates — promises no respite from today’s conflict-wracked world, and no backing away from the billions of dollars for new hardware and new capabilities that the administration says it will take to stay safe. On Gates’ short list: new long-range attack aircraft, armed air and ground robots, attack submarines, more special forces commandos, two new Army combat brigades, a new military task force to snatch up loose nuclear weapons, and updated battle concepts for coordinated air and sea attacks into the territory of adversaries equipped with high-tech defenses

This is the heart of two new documents released Monday by Gates, the former CIA director who was chosen to head the Pentagon by President George W. Bush in late 2006 and held in office by President Obama. One paper is the awkwardly named Quadrennial Defense Review, or QDR in Pentagon-speak, a study mandated every four years by Congress to assess security threats and defense capabilities. The other, also released Monday was the Pentagon’s 2011 defense budget proposal ($708.2 billion, a 1.8 percent real increase over current spending) and a request for $3 billion to help pay for combat operations in Afghanistan this year.

Neither should be a surprise. As a presidential candidate 18 months ago, Obama accepted an anti-war mantle because of his announced determination to end to the war in Iraq and bring the troops home. But Candidate Obama also spoke of Afghanistan as a righteous war that must be won. As president, Obama, having grappled for months with the nasty reality of war in Afghanistan, acknowledged in his Nobel Peace Prize acceptance speech in December that in a brutal world, armed force is essential.

“We must begin by acknowledging the hard truth: We will not eradicate violent conflict in our lifetimes,” Obama said. “There will be times when nations — acting individually or in concert — will find the use of force not only necessary but morally justified.”

Read moreThe New Vision of the Obama Administration: War Without End

MSNBC Exposes President Obama’s lies: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion!

Obama is just another elite puppet President. The Fed and the US government are bankrupting America and destroying the US dollar.

This is the Greatest Depression.

America’s Impending Master Class Dictatorship! (MUST-READ!)



Added: 30. Januar 2010

Read moreMSNBC Exposes President Obama’s lies: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion!

Obama’s $3.8 Trillion Budget: Tax Rise of $1.9 Trillion for Richer Americans, Businesses

Related articles:

Obama Proposes $3.8 Trillion Budget Focused on Jobs (Bloomberg):

Feb. 1 (Bloomberg) — President Barack Obama’s $3.8 trillion fiscal 2011 budget puts an emphasis on job creation with $100 billion in additional stimulus spending, along with higher taxes for the wealthy in an attempt to narrow the deficit.

This is just the beginning of the coming ‘Obamatax’ increases.

The US is totally broke:

America’s Impending Master Class Dictatorship!


Obama Seeks $1.9 Trillion Tax Rise on Rich, Business

barack_obama_001
U.S. President Barack Obama speaks about the government’s 2011 fiscal year budget in Washington on Feb. 1, 2010. Photographer: Joshua Roberts/Bloomberg

Feb. 1 (Bloomberg) — The Obama administration proposed to increase taxes on Americans earning more than $200,000 by close to $970 billion over the next decade and take in an additional $400 billion from businesses even as it retooled a proposed crackdown on international tax-avoidance techniques.

The new budget released today would reinstate 10-year-old income tax rates of 36 percent and 39.6 percent for single Americans earning more than $200,000 and joint filers who make more than $250,000 as part of a broad $1.9 trillion tax increase proposal. It proposes to eliminate preferences for oil and gas companies, life-insurance products, executives of investment partnerships, and U.S.-based companies that operate overseas.

“The administration proposes to restore balance to the tax code by providing tax cuts to working families, returning to the pre-2001 ordinary income tax rates for families making more than a quarter of a million dollars a year, closing loopholes, and eliminating subsidies to special interests,” the budget says.

In all, Obama proposed $143.4 billion in new tax cuts for individuals who earn under $200,000. While the budget sets out $93.5 billion in gross tax reductions for businesses, overall they would face a net tax increase.

Read moreObama’s $3.8 Trillion Budget: Tax Rise of $1.9 Trillion for Richer Americans, Businesses

White House to Paint Grim Fiscal Picture: Another Record Budget Deficit

The US is totally broke: America’s Impending Master Class Dictatorship!

‘Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.
– Barack Obama


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WASHINGTON (Reuters) – The White House will predict a record budget deficit in the current fiscal year and more big shortfalls for the next decade in its upcoming budget proposal, a congressional source told Reuters on Sunday.

In its budget proposal to be released on Monday, the White House predicts a record $1.6 trillion budget deficit for the fiscal year that ends September 30, the Capitol Hill source said.

According to the estimate, deficits will narrow to $700 billion by fiscal 2013 before gradually rising back to $1.0 trillion by the end of the decade, the source said.

President Barack Obama will seek to strike a balance between reducing the deficit over the long term and stimulating the economy in the short term to ease the pain of double-digit unemployment.

Criticized by Republicans as a big spender, Obama used his State of the Union address last week to tell Americans he would dig the country out of a “massive fiscal hole.”

That hole is even deeper than previously believed, according to the estimate by the White House’s Office of Management and Budget.

The estimate for the current fiscal year is significantly higher than the $1.35 trillion figure forecast by the nonpartisan Congressional Budget Office last week.

Read moreWhite House to Paint Grim Fiscal Picture: Another Record Budget Deficit

President Obama raises stakes on Iran by sending in ships and missiles

Iran has not attacked another country for over 200 years.

The US is totally broke –  America’s Impending Master Class Dictatorship! – and its only asset left is the military.


Pentagon says Patriot shield will deter strike on American allies in the Gulf

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A Patriot missile is launched during an Israeli-US military excercise in the Negev desert in southern Israel in February 2001. Photograph: Reuters

Tension between the US and Iran heightened dramatically today with the disclosure that Barack Obama is deploying a missile shield to protect American allies in the Gulf from attack by Tehran.

The US is dispatching Patriot defensive missiles to four countries – Qatar, United Arab Emirates, Bahrain and Kuwait – and keeping two ships in the Gulf capable of shooting down Iranian missiles. Washington is also helping Saudi Arabia develop a force to protect its oil installations.

American officials said the move is aimed at deterring an attack by Iran and reassuring Gulf states fearful that Tehran might react to sanctions by striking at US allies in the region. Washington is also seeking to discourage Israel from a strike against Iran by demonstrating that the US is prepared to contain any threat.

Chris McGreal: ‘The US is prepared to move decisively against any threat from Iran’ Link to this audio

The deployment comes after Obama’s attempts to emphasise diplomacy over confrontation in dealing with Iran – a contrast to the Bush administration’s approach – have failed to persuade Tehran to open its nuclear installations to international controls. The White House is now trying to engineer agreement for sanctions focused on Iran’s Revolutionary Guard, believed to be in charge of the atomic programme.

Washington has not formally announced the deployment of the Patriots and other anti-missile systems, but by leaking it to American newspapers the administration is evidently seeking to alert Tehran to a hardening of its position.

The administration is deploying two Patriot batteries, capable of shooting down incoming missiles, in each of the four Gulf countries. Kuwait already has an older version of the missile, deployed after Iraq’s invasion. Saudi Arabia has long had the missiles, as has Israel.

An unnamed senior administration official told the New York Times: “Our first goal is to deter the Iranians. A second is to reassure the Arab states, so they don’t feel they have to go nuclear themselves. But there is certainly an element of calming the Israelis as well.”

The chief of the US central command, General David Petraeus, said in a speech 10 days ago that countries in the region are concerned about Tehran’s military ambitions and the prospect of it becoming a dominant power in the Gulf: “Iran is clearly seen as a very serious threat by those on the other side of the Gulf front.”

Read morePresident Obama raises stakes on Iran by sending in ships and missiles

IPCC Chairman Rajendra Pachauri was told of false Himalayan glacier melting claims before Copenhagen

Add that to Climategate! Global warming is a scam.


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Most experts believe that the Himalayan glaciers will take centuries to melt

The chairman of the leading climate change watchdog was informed that claims about melting Himalayan glaciers were false before the Copenhagen summit, The Times has learnt.

Rajendra Pachauri was told that the Intergovernmental Panel on Climate Change assessment that the glaciers would disappear by 2035 was wrong, but he waited two months to correct it. He failed to act despite learning that the claim had been refuted by several leading glaciologists.

The IPCC’s report underpinned the proposals at Copenhagen for drastic cuts in global emissions.

Dr Pachauri, who played a leading role at the summit, corrected the error last week after coming under media pressure. He told The Times on January 22 that he had only known about the error for a few days. He said: “I became aware of this when it was reported in the media about ten days ago. Before that, it was really not made known. Nobody brought it to my attention. There were statements, but we never looked at this 2035 number.”

Asked whether he had deliberately kept silent about the error to avoid embarrassment at Copenhagen, he said: “That’s ridiculous. It never came to my attention before the Copenhagen summit. It wasn’t in the public sphere.”

However, a prominent science journalist said that he had asked Dr Pachauri about the 2035 error last November. Pallava Bagla, who writes for Science journal, said he had asked Dr Pachauri about the error. He said that Dr Pachauri had replied: “I don’t have anything to add on glaciers.”

The Himalayan glaciers are so thick and at such high altitude that most glaciologists believe they would take several hundred years to melt at the present rate. Some are growing and many show little sign of change.

Dr Pachauri had previously dismissed a report by the Indian Government which said that glaciers might not be melting as much as had been feared. He described the report, which did not mention the 2035 error, as “voodoo science”.

Read moreIPCC Chairman Rajendra Pachauri was told of false Himalayan glacier melting claims before Copenhagen

International Fund to Buy Off Taliban Leaders in Afghanistan Will Cost Hundreds of Millions

The US bought Osama Bin Laden, who died a long time ago, before. Brilliant strategy!

The elite has really some excellent ideas to further loot the taxpayers.

My guess is that most of this money will never reach any Taliban leader.


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LONDON — An international fund amounting to hundreds of millions of dollars will be established this week in a bid to buy off Taliban leaders in Afghanistan.

An outline for the strategy, which will be principally funded by the US, Japan and Britain, was reported to have been drafted at a meeting in Abu Dhabi two weeks ago of top-level diplomats from 20 countries.

The announcement of the establishment of the Peace and Reintegration Trust Fund, which will seek to “split the Taliban” by luring into mainstream politics any leaders not connected to, or ready to break their links with, al Qa’eda is due to be announced at the end of Thursday’s summit on Afghanistan in London.

Some will see the plan as the most public acknowledgement yet that there is no military solution to the conflict in Afghanistan.

But, assuming the scheme is approved on Thursday, it will represent the most comprehensive political attempt to draw the sting out of the insurgency since the fall of the regime in 2001.

According to The Times yesterday, the draft communiqué to be issued at the end of the conference also foresees Afghan troops “taking the lead and conducting the majority of operations in the insecure areas of Afghanistan within three years and taking responsibility for physical security within five years”.

Read moreInternational Fund to Buy Off Taliban Leaders in Afghanistan Will Cost Hundreds of Millions

FBI investigates another alleged ‘Ponzi-style’ scheme: Thousands in US, Canada ‘financially destroyed’

Federal prosecutors and FBI agents in South Florida are investigating allegations of yet another massive investment fraud in which thousands of investors across the United States and Canada are said to have lost $170 million.

The investigation began last month after a 50-page preliminary report about the “Ponzi-style” scheme was sent to a Miami federal judge by a court-appointed special master. The report called for sweeping criminal investigations by U.S. and Canadian law enforcement.

“The unassailable fact [is] that thousands of investors/owners, and by extension their families in the U.S. and Canada, as well as other countries, have been financially destroyed,” says the report by Miami lawyer Thomas Scott, a former federal judge and U.S. attorney.

Investors allegedly sank those now-missing millions into time share units and other property owned by the EMI Sun Village Resort and Spa in the Dominican Republic. But the money actually went to fund the lavish lifestyle and gambling debts of the resort’s developers, court papers say.

“That money has now been almost completely lost”, the report says. “The investors’ plight is tragic. The cause of that plight is criminal.”

Read moreFBI investigates another alleged ‘Ponzi-style’ scheme: Thousands in US, Canada ‘financially destroyed’

Former Treasury Secretary Henry Paulson Says Russia Urged China to Dump Fannie, Freddie Bonds

Sure! That is called ‘his-story’ (Henry Paulson’s fairy tale).

See also:

Paulson Says He Was Prepared to Guarantee Lehman (BusinessWeek):

Jan. 29 (Bloomberg) — Former U.S. Treasury Secretary Henry Paulson says in his memoir that he was prepared to support a government backstop to prevent the bankruptcy of Lehman Brothers Holdings Inc. until he learned the firm’s assets were so mis- marked it would have guaranteed a loss to taxpayers.

As of  ‘now’ the US taxpayer has already lost everything, because of bailouts, stimulus packages, quantitative easing etc., which only benefited the banksters and the elite. It is just that the people don’t know it yet.

The US government and the Fed are bankrupting America!

As a side note:

If you are an investor and your investment starts to look really bad and is about to lose a lot of money, then you better sell it straightaway.

China is also about to lose a lot of money from holding US Treasuries, and it has now become very difficult to sell them without tremendous consequences, but the bailout/stimulus bubble will finally blow up. This will be the end of the dollar and the US as we know it.

Just think about the big dilemma the Chinese are in now, because of the irresponsible economic policies of the US.

I am not saying that China ‘always’ acted responsible. This is a created crisis. This is the Greatest Depression and it has only just begun.


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Henry Paulson, former U.S. treasury secretary, testifies at a House Oversight and Government Reform Committee hearing in Washington, D.C., on Jan. 27, 2010. (Bloomberg)

Jan. 29 (Bloomberg) — Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said.

Paulson learned of the “disruptive scheme” while attending the Beijing Summer Olympics, according to his memoir, “On The Brink.”

The Russians made a “top-level approach” to the Chinese “that together they might sell big chunks of their GSE holdings to force the U.S. to use its emergency authorities to prop up these companies,” Paulson said, referring to the acronym for government sponsored entities. The Chinese declined, he said.

Russia’s five-day war with U.S. ally Georgia started on Aug. 8, the same day as the opening ceremonies of the Beijing Games. Prime Minister Vladimir Putin told U.S. President George W. Bush during those ceremonies that “war has started,” according to Dmitry Peskov, Putin’s spokesman.

“The report was deeply troubling — heavy selling could create a sudden loss of confidence in the GSEs and shake the capital markets,” Paulson wrote. “I waited till I was back home and in a secure environment to inform the president.”

Russia never approached China about dumping U.S. bonds, Peskov said today. “This is not the case,” he said by phone.

Russia sold all of its Fannie and Freddie debt in 2008, after holding $65.6 billion of the notes at the start of that year, according to central bank data. Fannie and Freddie were seized by regulators on Sept. 6, 2008, amid the worst U.S. housing slump since the Great Depression.

Read moreFormer Treasury Secretary Henry Paulson Says Russia Urged China to Dump Fannie, Freddie Bonds

Secret Banking Cabal Emerges From AIG Shadows

Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system — apart from the matter of AIG’s bailout — deserves further congressional scrutiny.

The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts AIG sold on toxic debt securities to banks, including Goldman Sachs Group Inc., Merrill Lynch & Co., Societe Generale and Deutsche Bank AG, among others. That decision, critics say, amounted to a back-door bailout for the banks, which received 100 cents on the dollar for contracts that would have been worth far less had AIG been allowed to fail.

That move came a few weeks after the Federal Reserve and Treasury Department propped up AIG in the wake of Lehman Brothers Holdings Inc.’s own mid-September bankruptcy filing.

Saving the System

Read moreSecret Banking Cabal Emerges From AIG Shadows

Germany Warns of ‘Fatal’ Eurozone Crisis, Funds Flee Greece

Germany has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region’s economic crisis has turned dangerous and could prove “fatal” for the entire eurozone.

Wonders of the World: Parthenon, Greece
Funds flee Greece as Germany warns of “fatal” eurozone crisis

The yield on 10-year Greek bonds blasted upwards by over 40 basis points to 7.15pc in a day of wild trading. Spreads over German Bunds reached almost four percentage points, by far the highest since Greece joined the euro, and close to levels that risk a self-feeding spiral. Contagion hit Portuguese, Spanish, Irish, and Italian bonds.

George Papandreou, the Greek premier, said in Davos that his country had been singled out as the weak link in a “attack on the eurozone” by speculators and political foes. “We are being targeted, particularly by those with an ulterior motive.”

Marc Ostwald, from Monument Securities, said the botched bond issue of €8bn (£6.9bn) of Greek debt earlier this week has made matters worse. Many of the investors were “hot money” funds that bought on rumours that China was emerging as a buyer, offering them a chance for quick profit. When the China story was denied by Beijing and Athens, these funds rushed for the exit.

However, a key trigger yesterday was testimony in Germany’s parliament by economy minister Rainer Brüderle, who said there would be “no bail-outs” for struggling debtors and no move to a “European economic government”.

“A few European nations are exhibiting dangerous weaknesses. That could have fatal consequences for all countries in the eurozone,” he said. Despite the warning, he said each country must solve its own problems.

Read moreGermany Warns of ‘Fatal’ Eurozone Crisis, Funds Flee Greece

How Bush’s grandfather, Prescott Bush, helped Hitler’s rise to power

Not only has Prescott Bush helped to finance Hitler, but he was involved in a plot to overthrow FDR and to implement a fascist dictatorship in the US:

G. W. Bush and Adolf Hitler signed a Directive 51:

But what really struck me was the BBC story aired on July 23rd, 2007, documenting President George W. Bush’s grandfather’s involvement in a 1933 plot to overthrow the U.S. government and install a fascist dictatorship.

FDR’s Response to the Plot to Overthrow Him

The son and the grandson of Prescott Bush, who has committed HIGH TREASON, became Presidents of the United States of America!


Rumours of a link between the US first family and the Nazi war machine have circulated for decades. Now the Guardian can reveal how repercussions of events that culminated in action under the Trading with the Enemy Act are still being felt by today’s president

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George Bush’s grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.

The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.

His business dealings, which continued until his company’s assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.

The evidence has also prompted one former US Nazi war crimes prosecutor to argue that the late senator’s action should have been grounds for prosecution for giving aid and comfort to the enemy.

Read moreHow Bush’s grandfather, Prescott Bush, helped Hitler’s rise to power

Controller: Pennsylvania Capital Should Weigh Bankruptcy

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The Pennsylvania State Capitol building seen from State Street in Harrisburg.

Jan. 26 (Bloomberg) — Harrisburg, Pennsylvania, the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said.

Harrisburg faces $68 million in payments this year in connection with a waste-to-energy incinerator and should weigh Chapter 9 protection from creditors or state oversight through a program known as Act 47, Miller said today. Chapter 9 bankruptcy allows municipalities to reorganize rather than liquidate.

The alternatives are to sell assets such as an historic downtown market; an island in the Susquehanna River that includes the city’s minor-league baseball stadium; and the city’s parking, sewer and water systems, according to a preliminary 2010 budget and an emergency financial plan submitted yesterday.

“What I’m suggesting is we stop paying the debt service until we have a plan or we decide which way to go, in bankruptcy or Act 47,” Miller, a former city council member who became controller this month, said in a telephone interview. “I think it could save our assets instead of selling them.”

Read moreController: Pennsylvania Capital Should Weigh Bankruptcy

Tony Blair Was Warned By All 27 Senior Government Lawyers That Iraq War Was Illegal

See also:

Dutch Inquiry: Iraq War Was Illegal, Had ‘No Basis In International Law’

US and UK knew that Iraq Didn’t Have WMDs

Tony Blair ‘knew Iraq did not have WMD before war started’


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Sir Michael Wood, the Foreign Office’s chief legal adviser at the time of the 2003 invasion

TONY Blair was warned two months before the invasion of Iraq that it would be illegal to go to war without UN backing, it was revealed yesterday.

Senior Government lawyers told the Iraq inquiry that they advised the action had “no legal basis in international law”.

Last night it was reported every one of the 27 lawyers in the department advised the war was illegal.

Yesterday Sir Michael Wood, who was the Foreign Office’s chief legal adviser, told the hearing he warned the then Foreign Secretary Jack Straw an invasion would “amount to the crime of aggression”.

Sir Michael said he considered resigning in protest at the decision to join the US-led attack. He described how he was sidelined after he made clear his objections to military action.

His deputy, Elizabeth Wilmshurst, quit in protest on the eve of the invasion in March 2003.

In her first public account of the circumstances leading to her resignation she described the Government’s treatment of the legal advice as “lamentable”.

The explosive revelations intensified pressure on the former Prime Minister, who will face the Chilcot inquiry on Friday.

Read moreTony Blair Was Warned By All 27 Senior Government Lawyers That Iraq War Was Illegal

Big Brother: UK Police Plan to Use Military-Style Spy Drones

Not just in the UK: Police State: DRONES used to spy on AMERICANS!


Arms manufacturer BAE Systems developing national strategy with consortium of government agencies

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Drones could be used for civilian surveillance in the UK as early as 2012. Source: BAE

Police in the UK are planning to use unmanned spy drones, controversially deployed in Afghanistan, for the ­”routine” monitoring of antisocial motorists, ­protesters, agricultural thieves and fly-tippers, in a significant expansion of covert state surveillance.

The arms manufacturer BAE Systems, which produces a range of unmanned aerial vehicles (UAVs) for war zones, is adapting the military-style planes for a consortium of government agencies led by Kent police.

Documents from the South Coast Partnership, a Home Office-backed project in which Kent police and others are developing a national drone plan with BAE, have been obtained by the Guardian under the Freedom of Information Act.

Read moreBig Brother: UK Police Plan to Use Military-Style Spy Drones

Ron Paul: US Foreign Policy is Bankrupting America

See also:

Rep. Ron Paul: State of the Republic Address – ‘Dangerous Times Indeed.’

Rep. Ron Paul: ‘The CIA Runs Everything. We Need To Take Out The CIA.’

America’s Impending Master Class Dictatorship! (MUST-READ!)



Date: 23rd Jan 10

Read moreRon Paul: US Foreign Policy is Bankrupting America