America’s Secret ICE Detention Castles: Jailed Without Justice

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“If you don’t have enough evidence to charge someone criminally but you think he’s illegal, we can make him disappear.”

Those chilling words were spoken by James Pendergraph, then executive director of Immigration and Customs Enforcement’s (ICE) Office of State and Local Coordination, at a conference of police and sheriffs in August 2008.

Also present was Amnesty International’s Sarnata Reynolds, who wrote about the incident in the 2009 report “Jailed Without Justice” and said in an interview, “It was almost surreal being there, particularly being someone from an organization that has worked on disappearances for decades in other countries. I couldn’t believe he would say it so boldly, as though it weren’t anything wrong.”

ICE agents regularly impersonate civilians–OSHA inspectors, insurance agents, religious workers–in order to arrest longtime US residents who have no criminal history. Jacqueline Stevens has reported a web-exclusive companion piece on ICE agents’ ruse operations.

Pendergraph knew that ICE could disappear people, because he knew that in addition to the publicly listed field offices and detention sites, ICE is also confining people in 186 unlisted and unmarked subfield offices, many in suburban office parks or commercial spaces revealing no information about their ICE tenants–nary a sign, a marked car or even a US flag. (Presumably there is a flag at the Veterans Affairs Complex in Castle Point, New York, but no one would associate it with the Criminal Alien Program ICE is running out of Building 7.) Designed for confining individuals in transit, with no beds or showers, subfield offices are not subject to ICE Detention Standards. The subfield office network was mentioned in an October report by Dora Schriro, then special adviser to Janet Napolitano, secretary of Homeland Security, but no locations were provided.

Read moreAmerica’s Secret ICE Detention Castles: Jailed Without Justice

Chinese central banker Zhu Min: ‘The world does not have so much money to buy more US Treasuries.’

Here is what Zhu Min said exactly on the US dollar:

Chinese Central Banker Zhu Says Dollar Set to Weaken (Bloomberg):

“When the U.S. has to fund its deficit through the combination of issuing more Treasuries and printing more dollars, it is inevitable that the dollar will continue to weaken,” Deputy Governor Zhu said at a forum in Beijing today.


China central banker says harder to buy U.S. Treasuries

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BEIJING (Reuters) – It is getting harder for governments to buy U.S. Treasuries because the United States’ shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said on Thursday.

The comments by Zhu Min, deputy governor of the People’s Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of U.S. government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its $2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China’s State Administration of Foreign Exchange (SAFE) reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as Beijing seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

“The United States cannot force foreign governments to increase their holdings of Treasuries,” Zhu said, according to an audio recording of his remarks. “Double the holdings? It is definitely impossible.”

“The U.S. current account deficit is falling as residents’ savings increase, so its trade turnover is falling, which means the U.S. is supplying fewer dollars to the rest of the world,” he added.

“The world does not have so much money to buy more U.S. Treasuries.”

Read moreChinese central banker Zhu Min: ‘The world does not have so much money to buy more US Treasuries.’

US General David Petraeus: UAE’s Air Force Could Take Out Iran’s

Iran has not invaded another country for over 200 years!

Syria will defend Iran if Israel attacks

Webster Tarpley: Geopolitical Goals of The Anglo-American Empire in Afghanistan, Pakistan and Iran

Senior IRGC official: ‘If attacked, Iran will target the very heart of Tel Aviv’

CNN: US Air Force gets new 30,000 pound bunker buster bomb (for Iran or North Korea)

IAEA: U.N. inspectors found ‘nothing to be worried about’ at Iran site

Exclusive: IAEA letter thanks Iran over notification

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 incongruity blows the mind. Here is Obama, with troops engaged in wars in Iraq, Afghanistan, and Pakistan demanding that a peaceful nation at war with no one demonstrate “its peaceful intentions or be held accountable to international standards and international law.”

Putin warns against attack on Iran

Germany: BND denies report on Iran bomb timing; Iran not be able to produce an atomic bomb for years

“The men the American people admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth.” – H. L. Mencken


Centcom commander Gen. David Petraeus tells Bahrain conference calls in Mideast countries to join forces in order to curb Tehran’s nuclear ambitions

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General David Petraeus

WASHINGTON – The United Arab Emirates, a key US ally in the Persian Gulf, has the capability to overpower Iran’s Air Force, US Centcom commander Gen. David Petraeus said last week.

Speaking at a conference in Bahrain organized by the International Institute for Strategic Studies, the American general said, “The Emirati Air Force itself could take out the entire Iranian Air Force, I believe, given that it’s got … somewhere around 70 Block 60 F-16 fighters, which are better than the US F-16 fighters.”

Petraeus, who is responsible for overseeing the wars in Afghanistan and Iraq and security efforts throughout the region, called on the region’s countries to remain united in order to curb Iran’s nuclear ambitions.

In light of the growing Iranian threat, said the general, the US has increased its participation in joint military drills held in the Middle East.

Read moreUS General David Petraeus: UAE’s Air Force Could Take Out Iran’s

Snowing on Copenhagen’s Global Warmist Parade

See also:

US East Coast faces severe winter storm (Reuters)

Winter cold snap jolts Europe, worse to come (Sydney Morning Herald)

Snow causes second day of disruption (BBC News)

Record cold, snow envelop Japan Sea coast (Japan Times)

Mother nature is definitely on the side of truth:

Top Scientist: Rise of Sea Levels is ‘The Greatest Lie Ever Told’

Prof. Ian Clark: ‘Rises in C02 lag 800 years behind temperature rises!’ – You will pay taxes for nothing!

Study: CO2 levels remained constant since 1850! (University of Bristol)

Lord Christopher Monckton – Climategate: Caught Greenhanded! Cold Facts About The Hot Topic of Global Temperature Change After The Climategate Scandal

(More information at the end of the following article.)


snow-copenhagen
Copenhagen

How marvellous a punchline for this farce of a summit, as snow settles on the globes erected to publicise our warming world:

...a Washington snowstorm is forcing Speaker Nancy Pelosi, D-California, to make an early departure from a global warming summit here in Denmark.

In fact, there’s an endless supply of regional varieties of the same joke. Here’s one about Barack Obama at the same global warming summit:

The president had arrived in the Danish capital hours earlier, amid stiff winds and driving snow, and headed toward the convention center, where delegates had worked through the night trying to draft a climate document the world could agree to.

Or there’s the Scottish version:

Copenhagen isn’t only place having climate problems… Scotland was in the grip of a big freeze last night that disrupted travel plans and threatened the weekend’s sports fixtures… But heavy snow showers forecast for the weekend have raised hopes of a bumper start to the week for Scotland’s ski centres.

Or you can tell the Alaskan one:

Read moreSnowing on Copenhagen’s Global Warmist Parade

Lord Christopher Monckton Reports From Copenhagen: World Government Is Coming!

Alex welcomes back to the show Christopher Monckton, the 3rd Viscount Monckton of Brenchley, British politician, business consultant, policy adviser, writer, columnist, inventor and ardent critic of the bogus scientific consensus on climate change.

Climate scam guru Al Gore has for years refused to accept Monckton’s repeated challenge to a public debate on global warming. Monckton has warned the proposed UN Climate Change Treaty Obama is expected to sign along with other world leaders in Copenhagen will cede U.S. sovereignity to the UN.

1 of 4:

Added: 17. December 2009

Read moreLord Christopher Monckton Reports From Copenhagen: World Government Is Coming!

Lord Christopher Monckton reports on Pachauri’s eye opening Copenhagen presentation

Lord Monckton Knocked Out by Copenhagen Cop: Is the European Police State Going Global?


From The Viscount Monckton of Brenchley in Copenhagen

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Dr. Rajendra Pachauri

In the Grand Ceremonial Hall of the University of Copenhagen, a splendid Nordic classical space overlooking the Church of our Lady in the heart of the old city, rows of repellent, blue plastic chairs surrounded the podium from which no less a personage than Dr. Rajendra Pachauri, chairman of the IPCC, was to speak.

I had arrived in good time to take my seat among the dignitaries in the front row. Rapidly, the room filled with enthusiastic Greenies and enviro-zombs waiting to hear the latest from ye Holy Bookes of Ipecac, yea verily.

The official party shambled in and perched on the blue plastic chairs next to me. Pachauri was just a couple of seats away, so I gave him a letter from me and Senator Fielding of Australia, pointing out that the headline graph in the IPCC’s 2007 report, purporting to show that the rate of warming over the past 150 years had itself accelerated, was fraudulent.

Would he use the bogus graph in his lecture? I had seen him do so when he received an honorary doctorate from the University of New South Wales. I watched and waited.

Sure enough, he used the bogus graph. I decided to wait until he had finished, and ask a question then.

Pachauri then produced the now wearisome list of lies, fibs, fabrications and exaggerations that comprise the entire case for alarm about “global warming”. He delivered it in a tired, unenthusiastic voice, knowing that a growing majority of the world’s peoples – particularly in those countries where comment is free – no longer believe a word the IPCC says.

They are right not to believe. Science is not a belief system. But here is what Pachauri invited the audience in Copenhagen to believe.

1. Pachauri asked us to believe that the IPCC’s documents were “peer-reviewed”. Then he revealed the truth by saying that it was the authors of the IPCC’s climate assessments who decided whether the reviewers’ comments were acceptable. That – whatever else it is – is not peer review.

2. Pachauri said that greenhouse gases had increased by 70% between 1970 and 2004. This figure was simply nonsense. I have seen this technique used time and again by climate liars. They insert an outrageous statement early in their presentations, see whether anyone reacts and, if no one reacts, they know they will get away with the rest of the lies. I did my best not to react. I wanted to hear, and write down, the rest of the lies.

3. Next came the bogus graph, which is featured three times, large and in full color, in the IPCC’s 2007 climate assessment report. The graph is bogus not only because it relies on the made-up data from the Climate Research Unit at the University of East Anglia but also because it is overlain by four separate trend-lines, each with a start-date carefully selected to give the entirely false impression that the rate of warming over the past 150 years has itself been accelerating, especially between 1975 and 1998. The truth, however – neatly obscured by an ingenious rescaling of the graph and the superimposition of the four bogus trend lines on it – is that from 1860-1880 and again from 1910-1940 the warming rate was exactly the same as the warming rate from 1975-1998.

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(Click on image to enlarge.)

4. Pachauri said that there had been an “acceleration” in sea-level rise from 1993. He did not say, however, that in 1993 the method of measuring sea-level rise had switched from tide-gages to satellite altimetry against a reference geoid. The apparent increase in the rate of sea-level rise is purely an artefact of this change in the method of measurement.

5. Pachauri said that Arctic temperatures would rise twice as fast as global temperatures over the next 100 years. However, he failed to point out that the Arctic was actually 1-2 Celsius degrees warmer than the present in the 1930s and early 1940s. It has become substantially cooler than it was then.

6. Pachauri said the frequency of heavy rainfall had increased. The evidence for this proposition is largely anecdotal. Since there has been no statistically-significant “global warming” for 15 years, there is no reason to suppose that any increased rainfall in recent years is attributable to “global warming”.

7. Pachauri said that the proportion of tropical cyclones that are high-intensity storms has increased in the past three decades. However, he was very careful not to point out that the total number of intense tropical cyclones has actually fallen sharply throughout the period.

8. Pachauri said that the activity of intense Atlantic hurricanes had increased since 1970. This is simply not true, but it appears to be true if – as one very bad scientific paper in 2006 did – one takes the data back only as far as that year. Take the data over the whole century, as one should, and no trend whatsoever is evident.  Here, Pachauri is again using the same statistical dodge he used with the UN’s bogus “warming-is-getting-worse” graph: he is choosing a short run of data and picking his start-date with care so as falsely to show a trend that, over a longer period, is not significant.

9. Pachauri said small islands like the Maldives were vulnerable to sea-level rise. Not if they’re made of coral, which is more than capable of outgrowing any sea-level rise. Besides, as Professor Morner has established, sea level in the Maldives is no higher now than it was 1250 years ago, and has not risen for half a century.

Read moreLord Christopher Monckton reports on Pachauri’s eye opening Copenhagen presentation

Lord Monckton Knocked Out by Copenhagen Cop: Is the European Police State Going Global?


Added:

“Today, as I lay in the snow with a cut knee, a bruised back, a banged head, a ruined suit, and a written-off coat, I wondered whether the brutality of the New World Order was moving closer than President Klaus – or any of us – had realized.”
– Lord Christopher Monckton

More from Lord Christopher Monckton :

Lord Christopher Monckton – Climategate: Caught Greenhanded! Cold Facts About The Hot Topic of Global

Temperature Change After The Climategate Scandal

Lord Cristopher Monckton on Climategate: Shut Down The UN, Arrest Al Gore

Lord Christopher Monckton on Climategate: ‘They Are Criminals’

Lord Christopher Monckton: Is President Obama Poised to Surrender the Constitution and US Sovereignty to World Government?



From The Viscount Monckton of Brenchley in Copenhagen

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Lord Christopher Monckton

Today the gloves came off and the true purpose of the “global warming” scare became nakedly visible. Ugo Chavez, the Socialist president of Venezuela, blamed “global warming” on capitalism – and received a standing ovation from very nearly all of the delegates, lamentably including those from those of the capitalist nations of the West that are on the far Left – and that means too many of them.

Previously Robert Mugabe, dictator of Rhodesia, who had refused to leave office when he had been soundly defeated in a recent election, had also won plaudits at the conference for saying that the West ought to pay him plenty of money in reparation of our supposed “climate debt”.

Inside the conference center, “world leader” after “world leader” got up and postured about the need to Save The Planet, the imperative to do a deal, the necessity to save the small island nations from drowning, etc., etc., etc.

Outside, in the real world, it was snowing, and a foretaste of the Brave New World being cooked up by “world leaders” in their fantasy-land was already evident. Some 20,000 observers from non-governmental organizations – nearly all of them true-believing Green groups funded by taxpayers – had been accredited to the conference.

However, without warning the UN had capriciously decided that all but 300 of them were to be excluded from the conference today, and all but 90 would be excluded on the final day.

Of course, this being the inept UN, no one had bothered to notify those of the NGOs that were not true-believers in the UN’s camp. So Senator Steve Fielding of Australia and I turned up with a few dozen other delegates, to be left standing in the cold for a couple of hours while the UN laboriously worked out what to do with us.

In the end, they decided to turn us away, which they did with an ill grace and in a bad-tempered manner. As soon as the decision was final, the Danish police moved in. One of them began the now familiar technique of manhandling me, in the same fashion as one of his colleagues had done the previous day.

Once again, conscious that a police helicopter with a high-resolution camera was hovering overhead, I thrust my hands into my pockets in accordance with the St. John Ambulance crowd-control training, looked my assailant in the eye and told him, quietly but firmly, to take his hands off me.

He complied, but then decided to have another go. I told him a second time, and he let go a second time. I turned to go and, after I had turned my back, he gave me a mighty shove that flung me to the ground and knocked me out.

I came to some time later (not sure exactly how long), to find my head being cradled by my friends, some of whom were doing their best to keep the police thugs at bay while the volunteer ambulance-men attended to me.

I was picked up and dusted me off. I could not remember where I had left my telephone, which had been in my hand at the time when I was assaulted. I rather fuzzily asked where it was, and one of the police goons shouted, “He alleges he had a mobile phone.”

In fact, the phone was in my coat pocket, where my hand had been at the time of the assault. The ambulance crew led me away and laid me down under a blanket for 20 minutes to get warm, plying me with water and keeping me amused with some colorfully colloquial English that they had learned.

I thanked them for their kindness, left them a donation for their splendid service, and rejoined my friends. A very senior police officer then came up and asked if I was all right. Yes, I said, but no thanks to one of his officers, who had pushed me hard from behind when my back was turned and had sent me flying.

The police chief said that none of his officers would have done such a thing. I said that several witnesses had seen the incident, which I intended to report. I said I had hoped to receive an apology but had not received one, and would include that in my report. The policeman went off looking glum, and with good reason.

Read moreLord Monckton Knocked Out by Copenhagen Cop: Is the European Police State Going Global?

FDA gets Interpol to illegally kidnap and deport herbal formulator Greg Caton

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(NaturalNews) The U.S. Food and Drug Administration today stands accused of taking part in the kidnapping and illegal extradition of a permanent resident of Ecuador, in violation of both international law and Ecuadorian law.

Greg Caton, owner and operator of Alpha Omega Labs (www.AltCancer.com), an herbal products company that sells anti-cancer herbal remedies made with Ecuadorian medicinal herbs, was arrested at gunpoint at a road checkpoint in Ecuador, then transported to an Ecuadorian holding facility to await a hearing on December 14, 2009. Caton was expected to be set free by the Ecuadorian judge at that hearing based on the facts of the case which indicated Caton’s permanent residency in Ecuador is legal and valid.

Three days before the hearing could take place, Caton was taken from his holding facility and, with the help of U.S. State Department employees, involuntarily placed on an American Airlines plane headed for Miami. An Ecuadorian judge rushed to the airport in Guayaquil and demanded that Caton be released from the plane, stating that the attempted deportation was illegal, but American Airlines employees reportedly refused to allow Caton to leave the plane, stating that the plane was “U.S. territory” and that Ecuadorian law did not apply there (even though the plane was still on the tarmac in Guayaquil and under the direction of the air traffic control tower there).

The plane then departed Guayaquil and continued its flight to Miami where Greg Caton was held in a federal detention facility to await trial in the U.S.

His crimes? Selling herbal medicine and daring to tell the truth about those medicines on his website.

By the way, you can listen to my exclusive interview with Cathryn Caton, who details these events in a downloadable MP3 audio file. Find the file here: http://www.naturalnews.com/Index-Po…

FDA vs. Greg Caton

The U.S. Food and Drug Administration has, for many years, pursued Caton, accusing him of selling “unapproved drugs” — herbal medicines that have never been, and will never be, approved by the FDA to treat anything. He was convicted of these crimes in 2003 and served 33 months in federal prison.

Read moreFDA gets Interpol to illegally kidnap and deport herbal formulator Greg Caton

US National Debt Tops Debt Limit

“Extraordinary accounting tools” translates to accounting fraud.

And Treasury Secretary Geithner, as former head of the New York Federal Reserve, is the best man for the job!


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(AP)

The latest calculation of the National Debt as posted by the Treasury Department has – at least numerically – exceeded the statutory Debt Limit approved by Congress last February as part of the Recovery Act stimulus bill.

The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly $12.135 trillion.

A senior Treasury official told CBS News that the department has some “extraordinary accounting tools” it can use to give the government breathing room in the range of $150-billion when the Debt exceeds the Debt Ceiling.

Were it not for those “tools,” the U.S. Government would not have the statutory authority to borrow any more money. It might block issuance of Social Security checks and require a shutdown of some parts of the federal government.

Pending in Congress is a measure to increase the Debt Limit by $290 billion, which amounts to six more weeks of routine borrowing for the federal government. (The House just passed the increase, though the Senate has yet to act. It is expected to approve the measure.)

Republicans and conservative Democrats blocked moves by House leaders to pass a $1.8 trillion dollar increase in the Debt Limit so the Democratic majority would not have to face the embarrassment of raising the Debt Limit yet again before next November’s midterm elections.

Read moreUS National Debt Tops Debt Limit

Israeli Border Police Shoot US Student’s Laptop Upon Entry to Israel

Welcome to Israel!!!


(Click on image to enlarge.)
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The laptop after it was shot three times by Israeli security personnel (Lily Sussman)

An American student entering Israel from Egypt via the border crossing at Taba two weeks ago stood stunned as Israeli Border Police officers determined her laptop computer was a security threat and shot it three times.

Lily Sussman, 21, wrote on her blog that the police officers subjected her to two hours of questioning and searches, before firing three bullets into her Apple Macbook.

“They had pressed every sock and scarf with a security device, ripped open soap and had me strip extra layers. They asked me tons of questions,” Sussman wrote, describing the experience.

“Who do you know? Do you have a boyfriend? Is he Arab, Egyptian, Palestinian? Why do you live in Egypt? Why not Israel? What do you know about the ‘conflict’ here? What do you think? They quizzed me on Judaism, which I know nothing about,” she continued.

Sussman blogged that she then heard an announcement on the loudspeaker that “was something along the lines of, ‘Do not to be alarmed by gunshots because the Israeli security needs to blow up suspicious passenger luggage.'”

Moments later, Sussman wrote, a man came to her and introduced himself as the duty manager, who told her: “I’m sorry but we had to blow up your laptop.”

“The security officers did not ask about my laptop prior to shooting it,” Sussman told Daily News Egypt. “They used the term ‘blew up’ when they told me they destroyed my laptop. I don’t know why they shot it.”

Sussman said the guards also looked through the photos on her camera, flipped through her journal and asked her about a map a friend had drawn for her that depicted a main street, central bus station and the hostel where she was planning on staying in Jerusalem.

Read moreIsraeli Border Police Shoot US Student’s Laptop Upon Entry to Israel

Nato appeals to Russia for more help with the war in Afghanistan

Let’s take a look at history first:

Most American high school history books describe how the Soviets invaded Afghanistan, “without provocation and with overwhelming force”. America then “came to the rescue” of the Afghan “resistance”. This happened under president Jimmy Carter.

Yet Carter’s National Security Adviser, Zbigniew Brzezinski confirms that it was the US and not the Soviet Union which started the war:

According to the official version of history, CIA aid to the Mujahadeen began during 1980, that is to say, after the Soviet army invaded Afghanistan, 24 Dec 1979. But the reality, secretly guarded until now, is completely otherwise Indeed, it was July 3, 1979 that President Carter signed the first directive for secret aid to the opponents of the pro-Soviet regime in Kabul. And that very day, I wrote a note to the president in which I explained to him that in my opinion this aid was going to induce a Soviet military intervention….” (Interview with Zbigniew Brzezinski, Le Nouvel Observateur, 15-21 November 1998)

In other words, the Soviet-Afghan war was triggered on the orders of President Carter, the latest recipient of the 2002 Nobel Peace Prize!

Jimmy Carter was not only instrumental in unleashing the war (which has been ongoing for the last 23 years), he was also the architect of the CIA’s covert support to Islamic terrorism. In fact, it turns out that prime 9/11 suspect, Saudi born Osama bin Laden, was recruited during that period “ironically under the auspices of the CIA, to fight the Soviet invaders”. (See Michel Chossudovsky, War and Globalisation, The Truth behind September 11 , Global Outlook, Shanty Bay, 2002, Chapter 2)

Carter’s July 3, 1979 Directive

Following President Carter’s July 3, 1979 directive, US support to various rebel groups evolved into the largest covert operation in CIA history. In the words of Carter’s National Security Adviser Zbigniew Brzezinski:

“…That secret operation [in support of Islamic fundamentalism] was an excellent idea. It had the effect of drawing the Russians into the Afghan trap and you want me to regret it? The day that the Soviets officially crossed the border, I wrote to President Carter. We now have the opportunity of giving to the USSR its Vietnam war. Indeed, for almost 10 years, Moscow had to carry on a war unsupportable by the government, a conflict that brought about the demoralization and finally the breakup of the Soviet empire.

The Nouvel Observateur journalist concludes the interview with Zbigniew Brzezinski with following question:

“And neither do you regret having supported the Islamic fundamentalism, having given arms and advice to future terrorists?

To which Brzezinski retorts:

“What is most important to the history of the world? The Taliban or the collapse of the Soviet empire? Some stirred-up Moslems or the liberation of Central Europe and the end of the cold war? “

The 2002 Nobel Peace Prize was awarded to former President Jimmy Carter for:

“his decades of untiring efforts to find peaceful solutions to international conflicts, to advance democracy and human rights and to promote economic and social development.” (Norwegian Nobel Institute, http://www.nobel.no/eng_ins_new.html , 11 October 2002)

Source: Global Research

So what will Russia do? Help?

Maybe Russia will just sit back, do nothing and watch NATO and the US fail!


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Anders Fogh Rasmussen

The head of Nato appealed to Russia for greater help with the war in Afghanistan yesterday as he sought to repair relations between the military alliance and Moscow.

Anders Fogh Rasmussen asked President Medvedev to supply helicopters and prepare pilots for the Afghan air force, and expand training for Afghan police in Russia. It was the first visit by a Nato leader since Russia’s war with Georgia last year caused the most serious rift in relations since the Cold War.

“I do believe that it’s also essential for Russia that we succeed in Afghanistan,” Mr Rasmussen said during the Kremlin talks. “Because if Afghanistan once again becomes a safe haven for terrorists, then Russia would be among the victims, as terrorists could easily spread from Afghanistan through Central Asia to Russia.”

Mr Medvedev said that Russia and Nato had “many reasons for interaction”. Foreign Minister Sergei Lavrov, who was at the meeting, said that the President had ordered officials to study the requests and prepare a response.

“We also expect our ideas to be considered by the alliance,” Mr Lavrov added, a reference to Mr Medvedev’s recent proposal for a new pan-European security treaty that Nato has largely ignored.

The Kremlin is anxious to prevent any return to power by the Taleban in Afghanistan. But it is also fearful of being drawn into the conflict after the Soviet Union’s painful experience of fighting a decade-long war in the country before withdrawing in defeat in 1989.

It has provided logistical support to Nato operations and sent $220 million of military aid to the Afghan government, including an air-defence system for Kabul airport. Russia also sold four Mi-17 helicopters to Afghanistan last month, the country’s first new aircraft for 20 years.

Read moreNato appeals to Russia for more help with the war in Afghanistan

Syria will defend Iran if Israel attacks

Regional war? An attack on Iran would start WWIII.


If Israel does attack Iran’s nuclear facilities, it will undoubtedly result in a regional war after Iran and Syria signed a mutual defense agreement on Sunday.

Kuwaiti media reported that the agreement was signed at the weekend while Iranian Defense Minister Ahmad Vahidi was visiting Damascus.

Speaking to Syrian media, Vahidi said the agreement was a strong deterrent to an Israeli strike on his country’s nuclear facilities. Vahidi said that in addition to a Syrian response, Iran would retaliate for any strike on its nuclear facilities by firing ballistic missiles at Israel’s nuclear facilities.

Monday, December 14, 2009 Israel Today Staff

Source: Israel Today

Arab states agree on single currency modelled on the euro in latest threat to dollar hegemony

The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.

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Traders at the Kuwaiti Stock Exchange

“The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait.

The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40pc of the world’s proven oil reserves, and financial clout equal to that of China.

Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank.

The Emirates are staying out for now – irked that the bank will be located in Riyadh at the insistence of Saudi King Abdullah rather than in Abu Dhabi. They are expected join later, along with Oman.

The Gulf states remain divided over the wisdom of anchoring their economies to the US dollar. The Gulf currency – dubbed “Gulfo” – is likely to track a global exchange basket and may ultimately float as a regional reserve currency in its own right. “The US dollar has failed. We need to delink,” said Nahed Taher, chief executive of Bahrain’s Gulf One Investment Bank.

The project is inspired by Europe’s monetary union, seen as a huge success in the Arab world. But there are concerns that the region is trying to run before it can walk.

Read moreArab states agree on single currency modelled on the euro in latest threat to dollar hegemony

Car bombings in Afghanistan, Pakistan and Iraq kill at least 50

Insurgents in three countries used a favored weapon – car bombs – to strike at the heart of population centers Tuesday, killing at least 50 people and, in two cases, raising security concerns near U.S. installations.

car-bombings-in-afghanistan-pakistan-and-iraq-kill-50
Two men guide a woman toward safety after she was wounded in a suicide bombing in Kabul, Afghanistan. The explosion occurred outside the Heetal Hotel, frequented by foreigners. Several bombings in the region Tuesday targeted population centers.

AFGHANISTAN: A suicide car bomber killed eight Afghans in an attack targeting the Wazir Akbar Khan neighborhood, where many former and current Afghan officials live. Forty people were wounded in the attack, which took place just blocks from the U.S. Embassy.

The attack destroyed the home of former Kabul Police Chief Salim Ehsas, who sustained minor injuries.

Former Vice President Ahmad Zia Massoud lives near the site of the blast but wasn’t there at the time. Massoud is the brother of Ahmad Shah Massoud, former leader of the Taliban-fighting Northern Alliance, who was killed by an al-Qaeda suicide bomber on Sept. 9, 2001, a precursor attack to the Sept. 11, 2001, terrorist strikes in the United States.

PAKISTAN: A suicide attacker detonated a car bomb in a market close to a politician’s home in the central Pakistan town of Dera Ghazi Khan, killing 33 people and wounding 60. The attack badly damaged the home of the politician and nearby shops and buildings, including a mosque and a bank.

It was unclear whether the bomber was targeting the home of the politician, Zulfiqar Khosa, who was not there at the time, or the market. Most of the dead and injured were people at the market.

Under Western pressure, the Pakistani army launched an offensive against the Taliban stronghold of South Waziristan in October. The militants have retaliated with an onslaught of bombings that have killed more than 500 people.

IRAQ: In Baghdad, three parked cars packed with explosives blew up within minutes of one another outside different entrances to the heavily fortified Green Zone, which houses parliament, ministries and the U.S. Embassy. Five people were killed and 16 wounded.

Read moreCar bombings in Afghanistan, Pakistan and Iraq kill at least 50

Top Scientist: Rise of Sea Levels is ‘The Greatest Lie Ever Told’

And how about CO2?

Prof. Ian Clark: ‘Rises in C02 lag 800 years behind temperature rises!’ – You will pay taxes for nothing!


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The uncompromising verdict of Dr Mörner is that all this talk about the sea rising is nothing but a colossal scare story

rise-of-sea-levels-is-the-greatest-lie-ever-told
Rise of Sea Levels is ‘The Greatest Lie Ever Told’

If one thing more than any other is used to justify proposals that the world must spend tens of trillions of dollars on combating global warming, it is the belief that we face a disastrous rise in sea levels. The Antarctic and Greenland ice caps will melt, we are told, warming oceans will expand, and the result will be catastrophe.

Although the UN’s Intergovernmental Panel on Climate Change (IPCC) only predicts a sea level rise of 59cm (17 inches) by 2100, Al Gore in his Oscar-winning film An Inconvenient Truth went much further, talking of 20 feet, and showing computer graphics of cities such as Shanghai and San Francisco half under water. We all know the graphic showing central London in similar plight. As for tiny island nations such as the Maldives and Tuvalu, as Prince Charles likes to tell us and the Archbishop of Canterbury was again parroting last week, they are due to vanish.

But if there is one scientist who knows more about sea levels than anyone else in the world it is the Swedish geologist and physicist Nils-Axel Mörner, formerly chairman of the INQUA International Commission on Sea Level Change. And the uncompromising verdict of Dr Mörner, who for 35 years has been using every known scientific method to study sea levels all over the globe, is that all this talk about the sea rising is nothing but a colossal scare story.

Despite fluctuations down as well as up, “the sea is not rising,” he says. “It hasn’t risen in 50 years.” If there is any rise this century it will “not be more than 10cm (four inches), with an uncertainty of plus or minus 10cm”. And quite apart from examining the hard evidence, he says, the elementary laws of physics (latent heat needed to melt ice) tell us that the apocalypse conjured up by Al Gore and Co could not possibly come about.

The reason why Dr Mörner, formerly a Stockholm professor, is so certain that these claims about sea level rise are 100 per cent wrong is that they are all based on computer model predictions, whereas his findings are based on “going into the field to observe what is actually happening in the real world”.

Read moreTop Scientist: Rise of Sea Levels is ‘The Greatest Lie Ever Told’

US Forces Chief Admiral Mike Mullen Warns of More Fighting And Casualties in Afghanistan

Afghanistan: more than 300 US soldiers killed this year (Telegraph):

The latest death pushed to the number of American soldiers killed in Afghanistan so far this year to 301, according to the icasualties.org website.

The number is nearly twice the 155 American soldiers killed in 2008, when total foreign troop deaths numbered 295 for the entire year.

Those soldiers could still be alive …

Obama: ‘I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.’

Lie and send a few hundred US soldiers to death, get the Nobel Peace Prize!!!

More lies here: Barack Obama Lies 7 Times In Under 2 Minutes!!!!!

Enough.


Afghanistan
The U.S. Joint Chiefs of Staff chairman Adm. Mike Mullen gestures during a press conference in Kabul, Afghanistan on Monday, Dec. 14, 2009. America’s top military officer is expressing concern about the “growing level of collusion” between Taliban insurgents in Afghanistan and al-Qaida and other militants across the border in Pakistan.(AP Photo/Musadeq Sadeq)

KABUL (Reuters) – The top U.S. military officer warned on Monday the first U.S. troops headed to Afghanistan as part of President Barack Obama’s surge can expect more fighting and casualties, hours after 15 Afghan police were killed.

Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, arrived in Kabul as the latest of a clutch of high-ranking U.S. officials seeking to explain Obama’s new strategy to Afghans in the days since Obama announced a further 30,000 troops.

Mullen, who said he will meet with Afghan President Hamid Karzai later in the day and intends to visit Islamabad later in the week, said he remained “deeply concerned by the growing collusion between Afghan Taliban and al Qaeda.”

He said he had met with U.S. Marines in Camp Legune in North Carolina before coming to Kabul and warned them to prepare for a tough fight.

“I told my troops headed here to steel themselves for more combat and more casualties, even as I urged them to use the time before deployment to learn all they can about the Afghan culture … local dialects,” Mullen told reporters in Kabul.

“For the veterans among them, (I told them) to expect Afghanistan to be a different place than it was when they were last here. The insurgency has grown more violent, more pervasive and more sophisticated,” he added.

Record numbers of U.S. troops have been killed in Afghanistan this year, most of them by insurgent-laid home-made bombs in the south and east of the country.

POLICE ATTACKED

In one of the bloodiest days for the Afghan police force in many months, 15 policemen were killed in two separate attacks — in one attack in Helmand province, three police turned on their own colleagues killing seven of them in their beds.

Read moreUS Forces Chief Admiral Mike Mullen Warns of More Fighting And Casualties in Afghanistan

Barack Obama Lies 7 Times In Under 2 Minutes!!!!!

change-we-can-believe-in
Change we can believe in!

Another elite puppet President!



YouTube

More on President Obama:

– Transparency:

WASHINGTON (CNN) — Promising “a new era of openness in our country,” President Obama signed executive orders Wednesday relating to ethics guidelines for staff members of his administration.

“Transparency and the rule of law will be the touchstones of this presidency,” Obama said.
Source: CNN

President Obama signs law blocking release of torture photos

Obama’s first act as President of the US: EXECUTIVE ORDER 13489 – Banning release of any of his records

Obama administration refuses to disclose “high hazard” coal dump locations

– Legislation:

“Too often bills are rushed through Congress and to the president before the public has the opportunity to review them,” the Obama-Biden campaign website states. “As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.”
Obama breaks five-day pledge (Politico)

The Promise That Keeps on Breaking: 10 more bills have become law over the president’s signature, and only one has been posted online for five days — and that was for five days after it cleared Congress, not after formal presentment. Two bills have been held by the White House for five days before signing — but they weren’t posted online! (That was back in April 13, 2009!)

– Lobbyists:

“Washington lobbyists haven’t funded my campaign, they won’t run my White House, and they will not drown out the voices of working Americans when I am president”.

Health Care Statements In Congress Were Ghostwritten By Lobbyists Working For Genentech

The US Government: Bought and Paid For

Monsanto lobbyists to be placed in charge of food safety by Obama

Obama’s Money Cartel

– US troops:

Obama: ‘I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.’

Rep. Dennis Kucinich: ‘These Wars Are Corrupting The Heart Of Our Nation!’

Obama administration tells Pakistan: Tackle Taliban or we will

MSNBC Rachel Maddow: War President Obama

Ron Paul: ‘Obama is Actually Preparing Us For Perpetual War’

Afghanistan Surge to Cost At Least $40 Billion, That Is $1.333.333 For One US Soldier Per Year

President Obama ‘to deploy 30,000 troops to Afghanistan’

Despite Obama’s Vow, Combat Brigades Will Stay in Iraq

– Healthcare:

Obama Lied About Health Care: ‘Nobody considers that a tax increase’ – Ask The Justice Dept. And Joint Commitee on Taxation!

President Obama: Penalties have to be high enough to force people to buy health insurance

White House disables Stasi e-tip box

– Budget Deficit/Deficit Spending:

“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

Obama administration to lift debt ceiling by $1.8 trillion

Obama’s Big Sellout (Rolling Stone Magazine)

Obama administration posts widest-ever October budget deficit

US budget deficit tripled to a record $1.4 trillion in 2009 (Obama tripled Bush’s deficit!)

US: Up to 95.2% Income Tax Rate Needed to Close Deficit in 2010

– Bushbama:

President Obama Extends 9/11 National Emergency

Bill Would Give President Obama Emergency Control of Internet

Obama leaves Bush’s NSPD 51 intact

No change: Obama ambassadorships still go to fundraisers, friends

Obama Breaks Major Campaign Promise as Military Commissions Resume, Says Amnesty International

Obama administration seeks indefinite detention for terror suspects

Obama and habeas corpus — then and now

Obama passing new law to allow searching of PC’s, Laptops, and media devices

– Second Amendment:

Obama Administration Takes Aim At Gun-Rights Revolt: ‘New Pro-Gun Laws In Montana And Tennessee Are Invalid’

President Obama’s Supreme Court nominee: “Second Amendment Rights Do Not Apply To The States”

Lou Dobbs: Obama Pushes Anti-Gun Treaty

Chuck Baldwin: It Is Getting Very Serious Now

Obama to Seek New Assault Weapons Ban

Obama is an elite puppet President like Bush:

Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)

The Obama Deception

Obama’s Science Czar John Holdren says: Forced abortions and mass sterilization needed to save the planet

Head of the UN Office on Drugs and Crime: Drug Money Saved Banks in Global Crisis

Opium cultivation out of control, U.N. says (MSNBC, Sept. 2, 2006):

Afghan crops total 92 percent of world’s supply, exceed global consumption

KABUL, Afghanistan – Afghanistan’s world-leading opium cultivation rose a “staggering” 60 percent this year, the U.N. anti-drugs chief announced Saturday in urging the government to crack down on big traffickers and remove corrupt officials and police.

Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money Laundering (2008)


Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions

antonio-maria-costa

Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations’ drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

This will raise questions about crime’s influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations. Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. “In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor,” he said.

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.

Read moreHead of the UN Office on Drugs and Crime: Drug Money Saved Banks in Global Crisis

Robert Fisk, The Independent’s award-winning Middle East correspondent: Obama is a Disaster, Worse than Bush


Added: 07. December 2009

More from Robert Fisk:

America is performing its familiar role of propping up a dictator: Robert Fisk

Robert Fisk Reveals The Truth Behind ‘The Demise Of The US Dollar’ Report

The demise of the US dollar

Read moreRobert Fisk, The Independent’s award-winning Middle East correspondent: Obama is a Disaster, Worse than Bush

Rep. Dennis Kucinich: ‘These Wars Are Corrupting The Heart Of Our Nation!’

Listen America! Listen!




On Sat., Dec. 12, 2009, Rep. Dennis J. Kucinich (D-OH) was one of the featured speakers at the emergency End-the-U.S.-Wars rally.

The event was held in Lafayette Park, opposite the White House. Rep. Kucinich has acted as the conscience of the House of Representatives in opposing U.S. wars of aggression in Iraq and Afghanistan.

Read moreRep. Dennis Kucinich: ‘These Wars Are Corrupting The Heart Of Our Nation!’

Famous Investor Jim Rogers: Incompetence In Washington, Abolish The Fed And The Treasury

“Mr. Geithner has been wrong about everything for the last 15 years.”


Added: 12. December 2009

Obama’s Big Sellout (Rolling Stone Magazine)

The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway

elite-puppet-president-obama

Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers “at the expense of hardworking Americans.” Obama may not have run to the left of Samuel Gompers or Cesar Chavez, but it’s not like you saw him on the campaign trail flanked by bankers from Citigroup and Goldman Sachs. What inspired supporters who pushed him to his historic win was the sense that a genuine outsider was finally breaking into an exclusive club, that walls were being torn down, that things were, for lack of a better or more specific term, changing.

Then he got elected.

What’s taken place in the year since Obama won the presidency has turned out to be one of the most dramatic political about-faces in our history. Elected in the midst of a crushing economic crisis brought on by a decade of orgiastic deregulation and unchecked greed, Obama had a clear mandate to rein in Wall Street and remake the entire structure of the American economy. What he did instead was ship even his most marginally progressive campaign advisers off to various bureaucratic Siberias, while packing the key economic positions in his White House with the very people who caused the crisis in the first place. This new team of bubble-fattened ex-bankers and laissez-faire intellectuals then proceeded to sell us all out, instituting a massive, trickle-up bailout and systematically gutting regulatory reform from the inside.

How could Obama let this happen? Is he just a rookie in the political big leagues, hoodwinked by Beltway old-timers? Or is the vacillating, ineffectual servant of banking interests we’ve been seeing on TV this fall who Obama really is?

Whatever the president’s real motives are, the extensive series of loophole-rich financial “reforms” that the Democrats are currently pushing may ultimately do more harm than good. In fact, some parts of the new reforms border on insanity, threatening to vastly amplify Wall Street’s political power by institutionalizing the taxpayer’s role as a welfare provider for the financial-services industry. At one point in the debate, Obama’s top economic advisers demanded the power to award future bailouts without even going to Congress for approval — and without providing taxpayers a single dime in equity on the deals.

How did we get here? It started just moments after the election — and almost nobody noticed.

‘Just look at the timeline of the Citigroup deal,” says one leading Democratic consultant. “Just look at it. It’s fucking amazing. Amazing! And nobody said a thing about it.”

Barack Obama was still just the president-elect when it happened, but the revolting and inexcusable $306 billion bailout that Citigroup received was the first major act of his presidency. In order to grasp the full horror of what took place, however, one needs to go back a few weeks before the actual bailout — to November 5th, 2008, the day after Obama’s election.

Read moreObama’s Big Sellout (Rolling Stone Magazine)

Barnaby Joyce warns of US ‘Armageddon’, believes US government could default on its debt

Why is it that Barnaby Joyce is called an extremist for telling the truth?

If Barnaby Joyce is an extremist then what is Société Générale ?

Société Générale prepares clients for ‘global economic collapse’

Famous investor and billionaire Jim Rogers has warned already several times about the same thing. Nobody would dare calling him an extremist:

JIM ROGERS WAS RIGHT (05/06/09):

“There is a possibility that the American government under this new President will default on its loans sometimes in the next four years. The situation is precarious.”

“The American government has more than tripled its own debt in the last six months.”

“The Federal Reserve in America has tripled its balance sheet in the last six months.”

“There is a very good chance that America will default on its government debt sometimes during this administration.”

“And there is an extremely good chance that the currency will be very debased and weakened a lot during this presidency.”

“These are not good times. This is not over yet. It is far from being over yet. Prepare yourself.”

“What America is doing now is consuming an increasing debt as a way to solve their problems. Listen, that’s what caused the problems.”

“America has been going deeper and deeper into debt for 25 years, that is what caused the problems.”

Now this genius (Obama) comes along and says: ‘We are doing more of the same’!”

“It’s not going to work.”

Gold $5000+ per ounce

Jim Rogers: We are going to have another Depression in the U.S.

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

Jim Rogers on CNBC: I expect a currency crisis (06/04/09)

Ron Paul, Peter Schiff, Max Keiser, Marc Faber and many others have given dire warnings about the future of the US:

Dennis Kucinich: ‘The war in Afghanistan is a threat to our national security’; ‘America is in the fight of its life and that fight is not in Afghanistan – it’s here’

US: Hyperinflation Nation

David Tice: Gold Heading to $3000 Unless America Hits the ‘Reset’ Button

Ron Paul: The US is Bankrupt

Ron Paul: Be Prepared for the Worst

Prof. William K. Black: This economic disaster in based on total insanity and fraud – Don’t Ask – Don’t Tell

Peter Schiff: The Truth Behind China’s Currency Peg

Maybe the real crisis has just started:

Moody’s: Top US And UK Debt Ratings May ‘Test The Aaa Boundaries’

Bond Bubble: US Treasuries’ Biggest Overseas Buyer May Sell

US Government Is Facing Wave of Debt Payments

US Dollar Slump Persisting as Top Analysts See No Bottom

Obama administration posts widest-ever October budget deficit

China’s Premier Warns Obama to Get US Deficit to an ‘Appropriate Size’

Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)

I am telling you to listen to these extremists and prepare yourself or you will lose everything, even your life!


barnaby-joyce-warns-of-us-armageddon
Barnaby Joyce warns of US ‘Armageddon’

THE OPPOSITION finance spokesman, Barnaby Joyce, believes the United States government could default on its debt, triggering an ”economic Armageddon” which will make the recent global financial crisis pale into insignificance.

Senator Joyce said yesterday he did not mean to alarm the public but there needed to be a debate about Australia’s ”contingency plan” for a sovereign debt default by the US or even by a local state government.

”A default by the US means complete economic collapse around the world and the question we have got to ask ourselves is where are we in that,” Senator Joyce said.

His warning came as the Rudd Government ramped up its attack on Senator Joyce as an economic extremist by highlighting his strong opposition to Chinese sovereign investment in Australia.

The Treasurer, Wayne Swan, said it was a cause for concern that Senator Joyce had been elevated ”from the reactionary fringe of our economic debate to the second-most senior economic policymaking job in the alternative government”.

The scrutiny of foreign investment bids was adequate and ”if we were to follow the advice of some of the extremists on foreign investment, it could cost something like 20,000 jobs right across Australia”.

Senator Joyce said the chances of a US debt default were distant but real and politicians were not doing the electorate a favour by refusing to acknowledge the risk.

He said the Federal Government’s debt would push up interest rates and predicted that some state Labor governments would not be able to repay their borrowings.

”The Federal Government has $115.7 billion in debt, Australian government securities, notes and bonds on issue, and the states have another $170 billion in debt.

”We have to ask whether the states have the capacity to repay that. I would say in some instances they do not, particularly Queensland.”

Senator Joyce said that if the US recovered, global funds would flow back into North America. ”There will be only one way Australia will be able to keep funds here and that is by putting up interest rates, which will therefore bring real costs back to households,” he said.

”That is the first scenario, which is extremely bad for Australia. The worse scenario is where the US doesn’t repay its debt – the $2 trillion in debt it owes to the Chinese, the $1 trillion in debt it has to the Japanese and the $US1 trillion in debt to others – and then we are really nailed.

”The outcome is a shift away from the US dollar as the international trading currency and a shift to the Chinese yuan, and China becomes an immensely powerful player overnight.

”It’s the real financial crisis, and the real financial crisis will mean this preamble we have just had pales into insignificance.”

Asked what sort of contingency plan he would advocate, Senator Joyce said it was like trying to prepare for a tidal wave but the local economy should have more self-reliance.

”Things you look for in that economic Armageddon are the capacity to feed ourselves, the capacity to provide the fundamentals in medicines and basic fundamental requirements for our nation.”

MARK DAVIS AND PHILLIP COOREY
December 11, 2009

Source: The Sydney Morning Herald