Paul Craig Roberts: The Economy is a Lie, too

Ben Bernanke IS RIGHT, ‘the recession is over.’

It is now the ‘Greatest Depression’.


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

paul-craig-roberts
Paul Craig Roberts

Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.

economic crisis   The Economy is a Lie, too
Switzerland World Economic Forum Davos
At the urging of Larry Summers and Goldman Sachs’ CEO Henry Paulson, the Securities and Exchange Commission and the Bush administration went along with removing restrictions on debt leverage.

The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy. It is the driving force, and it has been shut down. Except for the super rich, there has been no growth in consumer incomes in the 21st century. Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak.

The US economy has been kept going by substituting growth in consumer debt for growth in consumer income. Federal Reserve chairman Alan Greenspan encouraged consumer debt with low interest rates. The low interest rates pushed up home prices, enabling Americans to refinance their homes and spend the equity. Credit cards were maxed out in expectations of rising real estate and equity values to pay the accumulated debt. The binge was halted when the real estate and equity bubbles burst.

As consumers no longer can expand their indebtedness and their incomes are not rising, there is no basis for a growing consumer economy. Indeed, statistics indicate that consumers are paying down debt in their efforts to survive financially. In an economy in which the consumer is the driving force, that is bad news.

The banks, now investment banks thanks to greed-driven deregulation that repealed the learned lessons of the past, were even more reckless than consumers and took speculative leverage to new heights. At the urging of Larry Summers and Goldman Sachs’ CEO Henry Paulson, the Securities and Exchange Commission and the Bush administration went along with removing restrictions on debt leverage.

When the bubble burst, the extraordinary leverage threatened the financial system with collapse. The US Treasury and the Federal Reserve stepped forward with no one knows how many trillions of dollars to “save the financial system,” which, of course, meant to save the greed-driven financial institutions that had caused the economic crisis that dispossessed ordinary Americans of half of their life savings.

The consumer has been chastened, but not the banks. Refreshed with the TARP $700 billion and the Federal Reserve’s expanded balance sheet, banks are again behaving like hedge funds. Leveraged speculation is producing another bubble with the current stock market rally, which is not a sign of economic recovery but is the final savaging of Americans’ wealth by a few investment banks and their Washington friends. Goldman Sachs, rolling in profits, announced six figure bonuses to employees.

The rest of America is suffering terribly.

The unemployment rate, as reported, is a fiction and has been since the Clinton administration. The unemployment rate does not include jobless Americans who have been unemployed for more than a year and have given up on finding work. The reported 10% unemployment rate is understated by the millions of Americans who are suffering long-term unemployment and are no longer counted as unemployed. As each month passes, unemployed Americans drop off the unemployment role due to nothing except the passing of time.

The inflation rate, especially “core inflation,” is another fiction. “Core inflation” does not include food and energy, two of Americans’ biggest budget items. The Consumer Price Index (CPI) assumes, ever since the Boskin Commission during the Clinton administration, that if prices of items go up consumers substitute cheaper items. This is certainly the case, but this way of measuring inflation means that the CPI is no longer comparable to past years, because the basket of goods in the index is variable.

The Boskin Commission’s CPI, by lowering the measured rate of inflation, raises the real GDP growth rate. The result of the statistical manipulation is an understated inflation rate, thus eroding the real value of Social Security income, and an overstated growth rate. Statistical manipulation cloaks a declining standard of living.

In bygone days of American prosperity, American incomes rose with productivity. It was the real growth in American incomes that propelled the US economy.

In today’s America, the only incomes that rise are in the financial sector that risks the country’s future on excessive leverage and in the corporate world that substitutes foreign for American labor. Under the compensation rules and emphasis on shareholder earnings that hold sway in the US today, corporate executives maximize earnings and their compensation by minimizing the employment of Americans.

Try to find some acknowledgement of this in the “mainstream media,” or among economists, who suck up to the offshoring corporations for grants.

The worst part of the decline is yet to come. Bank failures and home foreclosures are yet to peak. The commercial real estate bust is yet to hit. The dollar crisis is building.

When it hits, interest rates will rise dramatically as the US struggles to finance its massive budget and trade deficits while the rest of the world tries to escape a depreciating dollar.

Since the spring of this year, the value of the US dollar has collapsed against every currency except those pegged to it. The Swiss franc has risen 14% against the dollar. Every hard currency from the Canadian dollar to the Euro and UK pound has risen at least 13 % against the US dollar since April 2009. The Japanese yen is not far behind, and the Brazilian real has risen 25% against the almighty US dollar. Even the Russian ruble has risen 13% against the US dollar.

What sort of recovery is it when the safest investment is to bet against the US dollar?

Read morePaul Craig Roberts: The Economy is a Lie, too

VeriChip Corp. Granted Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus

1. Inform everybody you know about the microchip and built the largest connection of people possible. Connect to other groups that oppose the chip.

2. Inform yourself about your rights and your protection given to you by the constitution.
(NSPD 51 and the Patriot Act are unconstitutional.)

3. Civil disobedience. Do not be immunized. Do not allow any chip implant. Resist if you have to.

4. Protect yourself “against all enemies foreign and domestic” if necessary.

5. Read: Solution.

More on microchips:
Greg Evenson on Microchips and Swine Flu
Whistleblower: Forced vaccinations – clear warning

CASPIAN RELEASES MICROCHIP CANCER REPORT:

A new paper titled “Microchip-Induced Tumors in Laboratory Rodents and Dogs: A Review of the Literature 1990–2006” has been released…

Met Police officers to be ‘microchipped’ by top brass in Big Brother style tracking scheme
Every single Metropolitan police officer will be ‘microchipped’….
…there will not be any choice about wearing one.

UK: Compulsory microchipping of dogs
U.S. School District to Begin Microchipping Students

So far the RFID chips are only implanted in the schoolbag to monitor the students movements.
The Microchip is here !!! – New World Order
The Microchip: Health, Privacy, Civil Rights And Freedom Under Siege

U.K. to Begin Microchipping Prisoners


VeriChip shares jump after H1N1 patent license win

verichip-corporation

DELRAY BEACH, Fla. & CHASKA, Minn.–(BUSINESS WIRE)–VeriChip Corporation (“VeriChip”) (NASDAQ: CHIPNews) and its development partner RECEPTORS LLC, a technology company whose AFFINITY by DESIGNTM chemistry platform can be applied to the development of selective binding products, announced today that VeriChip has been granted an exclusive license to RECEPTORS’ Patent No. 7,504,364 titled “Methods of Making Arrays and Artificial Receptors” and Patent No. 7,469,076 “Sensors Employing Combinatorial Artificial Receptors,” in their application to the development of the virus triage detection system for the H1N1 virus. The patents can also be applied to detection systems for other viruses and biological threats such as Methicillin-resistant Staphylococcus aureus (MRSA).

Last week, VeriChip announced its plans to fund its existing partnership with RECEPTORS to develop the virus triage detection system for the H1N1 virus. The companies have published a white paper entitled, “An Integrated Sensor System for the Detection of Bio-Threats from Pandemics to Emerging Diseases to Bioterrorism,” which outlines the system’s development and is available at www.verichipcorp.com.

Scott R. Silverman, Chairman and CEO of VeriChip, said, “In a short period of time following our announcement earlier this month that VeriChip has agreed to acquire Steel Vault Corporation (OTCBB: SVULNews) and form PositiveID Corporation, we have been intently focused on maximizing our product portfolio and relationships in order to bring identification technologies and tools for consumers and businesses to market. Our strong balance sheet immediately positions us to invest in our partnership with RECEPTORS and we believe that receiving the exclusive license as it relates to this application of the ‘364 and ‘076 patents, which are the foundation of the virus triage detection system being developed with RECEPTORS, is a key step in the evolution of PositiveID.”

About RECEPTORS LLC

RECEPTORS LLC is a private company based in Chaska, Minnesota. RECEPTORS’ mission is to advance the diagnosis and treatment of disease and to enhance the health, safety, and quality of the global environment through the development and application of artificial receptor products for both research and industry. To achieve this mission, RECEPTORS focuses its individual and collective efforts, its commitment to excellence, and the power of its technology to develop innovative solutions that meet the unique needs of its customers and stakeholders. For further information please visit http://www.receptorsllc.com.

About VeriChip Corporation

VeriChip Corporation, headquartered in Delray Beach, Florida, has developed the VeriMedTM Health Link System for rapidly and accurately identifying people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip and corresponding personal health record, cleared for medical use in October 2004 by the United States Food and Drug Administration.

On September 8, 2009, VeriChip announced it agreed to acquire Steel Vault Corporation to form PositiveID Corporation. PositiveID will provide identification technologies and tools to protect consumers and businesses. The companies expect the merger to close in the fourth quarter of 2009.

Read moreVeriChip Corp. Granted Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus

Whistleblower: Forced vaccinations – clear warning


Added: 17. September 2009

The original poster of the video was endtimes777 – a very brave young woman. She is (as far as we know) a 37 year old Army Engineer and over the weekend of Sept 12-13 in the LA are attended a drill with colleagues, including California Highway Patrol, LA County Sheriffs, and LAPD.

One of these colleagues told her that he had recently been training to establish roadblocks in the LA area. She references the testimony of former State Trooper Greg Evensen here:

Greg Evenson on Microchips and Swine Flu

…and shows clearly readable documentation and a photo (taken by her colleague) of what she states is an RFID tracking device, more information about which is here:

Read moreWhistleblower: Forced vaccinations – clear warning

Leaked Report: US Top Commander In Afghanistan Calls For More Troops Or War ‘Will Likely Result In Failure’

Wake up service men and women. You are abused by the worst criminals walking the face of the earth. To the elite and their puppets you are nothing more than cannon fodder:

(Soldiers are) dumb, stupid animals to be used as pawns for foreign policy.
– Henry Kissinger (as quoted in Woodward and Bernstein’s “The Final Days”, ch. 14)

‘We’re pinned down:’ 4 US Marines die in Afghan ambush


general-mcchrystal
Gen. Stanley McChrystal, right, arrives at a U.S. base in Logar Province, Afghanistan, last month.

WASHINGTON (CNN) — America’s top commander in Afghanistan warns that more troops are needed there within the next year or the nearly 8-year-old war “will likely result in failure,” according to a copy of a 66-page document obtained by The Washington Post.

“Failure to gain the initiative and reverse insurgent momentum in the near-term (next 12 months) — while Afghan security capacity matures — risks an outcome where defeating the insurgency is no longer possible,” U.S. and NATO commander Gen. Stanley McChrystal said in the declassified document, according to the Post.

Bob Woodward of the Post — who wrote about the leaked 66-page document — will appear on CNN’s “American Morning” on Monday.

The document was “leaked” to the newspaper, but parts were omitted after consultations between the newspaper and the Department of Defense, Pentagon spokesman Geoff Morrell said.

Read moreLeaked Report: US Top Commander In Afghanistan Calls For More Troops Or War ‘Will Likely Result In Failure’

IMF approves sale of 403 tonnes gold reserves

This is not done to help poor countries.

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

Gordon Brown again!

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

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

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

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


IMF approves $13bn gold sale to aid poor states

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

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

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

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

Read moreIMF approves sale of 403 tonnes gold reserves

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

Has Russia sold out Iran?

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

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

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

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


missile

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

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

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

First broadcast 17 September 2009

Source: BBC News


Russia to drop missile deployment plan: envoy

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

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

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

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

Fri Sep 18, 2009 6:49am EDT

Source: Reuters

Japan: Scientists Create Hologram You Can Touch

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

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

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

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

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

Read moreJapan: Scientists Create Hologram You Can Touch

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


Underwater footage of the sunken ship that could contain nuclear waste

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

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

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

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

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

Labels on them say the contents are toxic.

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

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

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

Experts are now examining samples taken from the wreck.

Other vessels

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

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

Europe overtakes US as the world’s wealthiest region

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

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

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

Read moreEurope overtakes US as the world’s wealthiest region

Police State: Violence at Mass Rally for Data Privacy “Freedom Instead of Fear” in Berlin (12.Sept.09)

The trigger was that a cyclist wanted to file charges against a police officer, because he saw how a friend was rudely arrested.


In German:

Polizeigewalt bei Datenschutz-Großdemo “Freiheit statt Angst” in Berlin (12.09.2009)

Auslöser war, dass der Radfahrer eine Anzeige gegen einen anderen Polizisten erstatten wollte, weil er gesehen hatte, wie ein Freund von ihm unsanft einkassiert wurde.


Berlin officers probed after police brutality video posted online

demonstration-berlin-police-violence

Berlin police are investigating some of their officers after witnesses filmed them beating a demonstrator at a protest against government infringement of Germany’s data protection laws.

The video, which appeared on YouTube, shows an officer hitting a man in the face before several other officers help pull him to the ground with more punches and kicking. Another man caught in the middle of the scuffle sustained a bloody nose.

State criminal prosecutors are working feverishly to investigate the incident and officers are suspected of assault while on duty, a police spokesman said. He added, however, that the video was problematic because it does not show the events that led to the violence.

The event under the motto “Freedom instead of fear – stop the surveillance madness,” was attended by some 10,000 participants, though organisers said more than 20,000 were on hand to protest laws that enable authorities to shut down websites and hold users’ personal telephone data. The event, part of a series held around the world, was called by a coalition of 167 organisations – including political parties, trade unions, professional associations, capitalism critics Attac, and the Chaos Computer Club.

According to police, the event was largely peaceful, but said the moment of violence captured on tape happened after a group of some 700 anarchists tried to deviate from the planned demonstration route in the Kreuzberg district. Police blocked the way, which inspired a demonstrator sound truck to call participants to criminal action. As officers addressed the truck, they were barraged with bottles from the crowd that did not result in injuries.

One 37-year-old man, identified by police as the person beaten in the video, was allegedly disruptive and did not leave despite repeated requests by police, they said. Witnesses said he had apparently wanted to register a complaint against one officer, who had allegedly arrested his friend “under unfriendly circumstances,” but police did not confirm this.

“The 37-year-old sustained injuries to his face during his arrest and was treated in a hospital,” the spokesperson said.

After the scuffle, other demonstrators can be heard shouting, “We are peaceful, what are you?” at officers.

Green Party MP Christian Ströbele told daily Kölner Stadt-Anzeiger on Monday that he questioned police behaviour in the incident after accompanying the demonstration for several hours without witnessing any violence.

“The demonstration was absolutely peaceful, it couldn’t have been more peaceful,” he told the paper.

Published: 14 Sep 09 12:11 CET

Source: The LocalOnline

Up To Two Million March to US Capitol Protesting Obama’s Spending

obama-puppet

Slowly people are waking up in America, realizing that Obama is just another puppet of the elite behind the scenes – like Bush. The problem is that it is almost too late now.

The greatest economic/financial collapse in world history is well on it’s way.

The only politician that I know of that could still make a difference is Dr. Ron Paul.

ron-paul

But he would be assassinated by the elite immediately. And even with Ron Paul as President there would be very hard times ahead, but with ‘Obamanomics’ (and ‘Obamacare’) it’s all over.


‘Parasite-in-chief’: The title given to the American President during the demonstrations on Saturday

obama-parasite-in-chief
‘Parasite-in-chief’

demonstration-against-obamas-spending-01
Tens of thousands of people converged on Capitol Hill on Saturday to protest against government spending

Up to two million people marched to the U.S. Capitol today, carrying signs with slogans such as “Obamacare makes me sick” as they protested the president’s health care plan and what they say is out-of-control spending.

The line of protesters spread across Pennsylvania Avenue for blocks, all the way to the capitol, according to the Washington Homeland Security and Emergency Management Agency.

People were chanting “enough, enough” and “We the People.” Others yelled “You lie, you lie!” and “Pelosi has to go,” referring to California congresswoman Nancy Pelosi.

Demonstrators waved U.S. flags and held signs reading “Go Green Recycle Congress” and “I’m Not Your ATM.” Men wore colonial costumes as they listened to speakers who warned of “judgment day” – Election Day 2010.

Richard Brigle, 57, a Vietnam War veteran and former Teamster, came from Michigan. He said health care needs to be reformed – but not according to President Barack Obama’s plan.

“My grandkids are going to be paying for this. It’s going to cost too much money that we don’t have,” he said while marching, bracing himself with a wooden cane as he walked.

FreedomWorks Foundation, a conservative organization led by former House of Representatives Majority Leader Dick Armey, organized several groups from across the country for what they billed as a “March on Washington.”

Organizers say they built on momentum from the April “tea party” demonstrations held nationwide to protest tax policies, along with growing resentment over the economic stimulus packages and bank bailouts.

obama-i-have-changed
US President Barack Obama sports a mustache famously worn by German dictator Adolf Hitler

obama-socialism
Demonstrators hold up banners on Capitol Hill in Washington on Saturday

Many protesters said they paid their own way to the event – an ethic they believe should be applied to the government.

They say unchecked spending on things like a government-run health insurance option could increase inflation and lead to economic ruin.

Read moreUp To Two Million March to US Capitol Protesting Obama’s Spending

China advertises silver and gold investment on TV; Cheap dollars are sowing the seeds of the next world crisis

China still has $2 trillion dollars of foreign exchange reserves and is continuously preparing for the coming crisis on all possible levels.

Related information:
Gold shines as China dumps US dollar

China’s view on the US dollar and the price of gold

Hong Kong pulls all gold reserves from depositories in London

Stock Market: Insiders sell like there’s no tomorrow

There are still people out there that say that there is no bubble in US Treasuries. Just wait!
The ‘Obamanomics’ – spend America into oblivion – bond bubble will destroy the US dollar. The Greatest Depression is already here.


A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets.

gold-bars

LONDON – We are indebted again to Paul Mylchreest’s  Thunder Road Report  for news that will bring big smiles to gold and silver investors everywhere.  Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder.  If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!

The report notes that China’s Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying ” China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in.”

What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity.  This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled.  Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.

Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London – and no doubt delivered elsewhere in the world too – commented that some employees at the company’s gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector.  To an extent we put this down at the time to mining company hype – but this seems to be exactly the same phenomenon noted by Thunder Road.  The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors.  Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world’s biggest gold market.  And one suspects that the potential for gold purchasing by individuals is only in its earliest stages.  As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate.

Paul ends the piece on Chinese gold and silver potential with the following comment: “Simply put, the Chinese government is trying to trigger a national gold craze…and it’s working. The Chinese public now has gold trading platforms on steroids…. …Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold’ card. I can’t even get Bank of America to open a foreign currency account.”

This may be an overstatement of the case from a precious metals bull – or it may not!  Certainly if China is indeed pushing the public to buy gold then there may well be a hidden agenda here.  It’s unlikely they are doing it and will suddenly pull the rug out from under millions of investors.  A cynic (or a raging gold bull) would suggest that this will precede a move to switch a good proportion of the country’s reserves into gold which would have a huge effect on the global gold price and could prove disastrous for the dollar.  Maybe it’s not in China’s interests to drive the dollar down too much until it has managed to divest itself of the huge dollar overhang (see the article on Chinese Sovereign Wealth Funds we published yesterday – Chinese sovereign wealth fund dumping dollars for strategic investments like gold  ).  The country may well already be, of course, surreptitiously building its gold reserves without reporting the build-up.

If the Chinese are indeed beginning to buy gold and silver as the quoted report suggests then this has to be a strong signal that prices are going to rise, and perhaps rise dramatically, in the relatively near future.  We await comment from other China watchers for confirmation of the gold and silver buying spree, but with global gold production at best flat and probably in decline, even a small increase in Chinese buying could have a substantial impact on gold and silver prices.

Author: Lawrence Williams
Posted:  Thursday , 03 Sep 2009

Source: Mineweb


Cheap dollars are sowing the seeds of the next world crisis

dollar-bills

After years of selling cheap goods to debt-fuelled Western consumers, China now has $2 trillion dollars of foreign exchange reserves. That’s 2,000 billion – a reserve haul no less 25 times bigger than that of the UK.

In a world of systemic instability, reserves mean power. Reserves mean you can defend your currency, stabilise your banking system and boost your economy without resorting to yet more borrowing – or, worse still, the printing press.

More than half of China’s reserves are denominated in dollars. So when the dollar falls, China loses serious money. When you’re talking about a dollar-reserve number involving 12 zeros, even a modest weakening of the greenback sees China’s wealth takes a mighty hit.

In recent years, America has run massive budget and trade deficits, both of which put downward pressure on the dollar – so devaluing China’s reserves. Beijing has remained tight-lipped, worried less about diplomatic niceties than the financial implications of voicing its concerns. If the markets thought China would buy less dollar-denominated debt going forward, the US currency would weaken further, compounding Beijing’s wealth-loss.

American leaders have relied on this Catch-22 for some time, guffawing that China is in so deep it has no choice but to carry on “sucking-up” US debt. But Beijing’s Communist hierarchy is now so worried about America’s wildly expansionary monetary policy that it is speaking out, despite the damage that does to the value of China’s reserves.

Read moreChina advertises silver and gold investment on TV; Cheap dollars are sowing the seeds of the next world crisis

Putin warns against attack on Iran

Deputy PM: Time is now for action on Iran nukes (Haaretz):
Deputy Prime Minister Dan Meridor said “the time is now” for Israel and the world to act to thwart Iran’s nuclear ambitions, after world powers on Friday accepted Iran’s response to their offer of talks on the issue.

“The time is now,” Meridor told Reuters in an interview published Saturday. “There is no more time to waste, and that’s not only the Israeli perspective, it’s much more general.”

Meridor, who is also Minister of Intelligence and Atomic Energy, played down speculation that Israel was on the verge of launching a military strike against Iran’s nuclear facilities.

Germany: BND denies report on Iran bomb timing; Iran not be able to produce an atomic bomb for years (Reuters):
But a BND spokesman said the article did not reflect the view of the agency, which is that Iran would not be able to produce an atomic bomb for years.

“We are talking about several years not several months,” the spokesman said.


vladimir-putin
Strikes on Iran would lead to an increase in terrorism, Vladimir Putin says (Reuters: Christian Hartmann)

Russian Prime Minister Vladimir Putin has warned against military action targeting Iran or imposing new sanctions to curb its nuclear program.

Iran’s latest proposals on its nuclear ambitions have brought diverging views from the US and Russia.

Iran has offered to hold “comprehensive, all-encompassing and constructive” negotiations on a range of security issues, including global nuclear disarmament.

Related Story: ‘Forged US intelligence’ behind Iran nuclear claims (ABC News)

While Russia’s foreign minister has described them as a positive step forward, Washington is unhappy with the proposals.

Both US and Israel have never ruled out the option of air strikes on Iran to stop it acquiring an atomic weapon.

Speaking in Moscow, Mr Putin said strikes on Iran would lead to an increase in terrorism in the region.

“This would be very dangerous, unacceptable. This would lead to an explosion of terrorism, increase the influence of extremists,” he said when asked about the possibility of an attack.

“I doubt very much that such strikes would achieve their stated goal.”

Read morePutin warns against attack on Iran

Actor Charlie Sheen: U.S. government was behind the 9/11 atrocities

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Sheen also slammed Mr Obama, above, over his own track record on 9/11 policy

Charlie Sheen has provoked outrage with claims that the U.S. government was behind the September 11 terror attacks.

Ahead of today’s eighth anniversary of the atrocities that killed 3,000, the Hollywood star has insisted there was a cover-up.

And he has appealed to President Barack Obama to hold a new investigation into the attacks on the World Trade Centre towers in New York and the Pentagon in Washington DC.

Sheen, the highest-paid actor on U.S. TV, argues that ‘the official 9/11 story is a fraud’ and says the commission set up to investigate was a whitewash.

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Actor Charlie Sheen, shown here with ex-wife Denise Richards in 2005, has demanded Barack Obama open a new investigation into 9/11

He claims the attacks simply served ‘as the pretext for the systematic dismantling of our Constitution and Bill of Rights’.

The actor, 44, says the administration of former president George Bush was behind the attacks, which they were then able to use to justify an invasion of Iraq.

He even hints that Osama Bin Laden was working with the CIA up until 9/11.

wtc-charlie-sheen-us-government-was-behind-the-911-atrocities

Read moreActor Charlie Sheen: U.S. government was behind the 9/11 atrocities

Charlie Sheen’s Video Message to President Obama



Charlie Sheen addresses the President about 9/11 in a special video message, shortly after releasing his “20 Minutes with the President,” specifically addressing 20 key points that need to be answered by a truly independent investigation.

Charlie Sheen: Twenty Minutes with President Obama

Sheen’s message is a call to action, not only for President Obama to address the pertinent issues, but for activists everywhere to pressure their representatives and leaders, wherever they may be, to ‘be on the right side of history’ and take back the country through peaceful revolution and true grassroots dissent.

Read moreCharlie Sheen’s Video Message to President Obama

‘We’re pinned down:’ 4 US Marines die in Afghan ambush

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Related articles:

Top US commander in Afghanistan: The Taliban have gained the upper hand:
The Taliban have gained the upper hand in Afghanistan, the top American commander there said, forcing the U.S. to change its strategy in the eight-year-old conflict by increasing the number of troops in heavily populated areas like the volatile southern city of Kandahar, the insurgency’s spiritual home. Gen. Stanley McChrystal warned that means U.S. casualties, already running at record levels, will remain high for months to come.
(Source: The Wall Street Journal)

General Sir David Richards: Afghanistan will take 30 to 40 years

Former SAS Comander: Afghan operation is ‘worthless’


jonathan-landey
McClatchy’s Jonathan S. Landay earlier this year in Pakistan.


GANJGAL, Afghanistan — We walked into a trap, a killing zone of relentless gunfire and rocket barrages from Afghan insurgents hidden in the mountainsides and in a fortress-like village where women and children were replenishing their ammunition.

“We will do to you what we did to the Russians,” the insurgent’s leader boasted over the radio, referring to the failure of Soviet troops to capture Ganjgal during the 1979-89 Soviet occupation.

Dashing from boulder to boulder, diving into trenches and ducking behind stone walls as the insurgents maneuvered to outflank us, we waited more than an hour for U.S. helicopters to arrive, despite earlier assurances that air cover would be five minutes away.

Read more‘We’re pinned down:’ 4 US Marines die in Afghan ambush

Footage of WTC 7 and North Tower Collapse

Note the vertical column of windows blown out just before the collapse on WTC 7.

(How did he cameraman know to focus so precisely on the windows of WTC 7 when it happened?)

Related information:
Highly-Credible People Question 9/11
70 Reasons To Doubt The Offical Story of 9/11
Career Army officer sues Rumsfeld, Cheney, saying no evacuation order given on 9/11
Firefighters for 9-11 Truth: Summary of Evidence of Controlled Demolition at the World Trade Center
Jesse Ventura on CNN: They Spent 100 Million Dollars Investigating Clinton But Only 4 Million On 9/11!
Former Governor Jesse Ventura: WTC Collapse A Controlled Demolition
Government Insider: Bush Authorized 9/11 Attacks
9/11 False Flag
Rumsfeld: Why not another 9/11?
USA Military Officers Challenge Official Account of September 11
The Elephant In The Room: Full Movie

The ultimate coincidence:
Matrix (1999): Neo’s Passport expires on September 11, 2001

The financial coup d’état coincidence:
Donald Rumsfeld on CBS NEWS: Pentagon Cannot Account For 2,3 TRILLION Dollars

Rumsfeld said this the day before 9/11. The very next day America was under attack and the $ 2.300.000.000.000 were forgotten.
See also: Financial Coup d’Etat by Catherine Austin Fitts, Former Assistant Secretary of Housing.

China: Mass Swine Flu Vaccination

China is to become the first country in the world to start a mass swine flu vaccination programme for its population following a big surge in the number of cases.

No one’s died yet from the virus in China but the authorities there describe the situation as ‘grim’.

Read moreChina: Mass Swine Flu Vaccination

First Solar to build the world’s largest solar plant in China

China Plans World’s Largest Solar Plant (Bloomberg)


Added: September 09, 2009


First Solar to build the world's largest solar plant in China
In this Sept. 7, 2009 photo released by First Solar, First Solar CEO Mike Ahearn, left, greets Chairman Wu Bangguo of the Standing Committee of the National People’s Congress, in Phoenix.


NEW YORK (Reuters) – First Solar Inc said on Tuesday it plans to build the world’s largest solar plant in China in the first major foray by a U.S. company into the Asian nation’s fast growing alternative energy sector.

Under a memorandum of understanding with the Chinese government, First Solar will build a 2-gigawatt power plant, enough to power about 3 million Chinese households, at Ordos City, in Inner Mongolia, and consider building a new manufacturing plant in China.

The announcement comes as the solar industry struggles to emerge from a year-long slump that saw financing for new projects dry up and reduced subsidies in Spain create a glut of unsold cells and panels.

The project is part of China’s program to generate 10 percent of its energy from renewable resources by 2010 and 15 percent by 2020 to help meet its growing energy appetite that has made the country the world’s top emitter of carbon dioxide.

Read moreFirst Solar to build the world’s largest solar plant in China

German Bundeswehr Manual: U.S. Military Uses Depleted Uranium Ammunition in Afghanistan

Related information:
What Depleted Uranium Does to Children in Iraq: Japanese Journalist

Depleted Uranium Shells Worse Than Nuclear Weapons:
Inhaled or ingested DU particles are highly toxic, and DU has been classified as an illegal weapon of mass destruction by the United Nations.
“More than ten times the amount of radiation released during atmospheric testing [of nuclear bombs] has been released from DU weaponry since 1991,” said Leuren Moret, a U.S. nuclear scientist. “The genetic future of the Iraqi people, for the most part, is destroyed. The environment now is completely radioactive.”
“Because DU has a half-life of 4.5 billion years, the Middle East will, for all practical purposes, be radioactive forever.”

The Weapon of Mass Destruction Is Cancer
War-related birth defects in Fallujah
IRAQ: ‘Special Weapons’ Have a Fallout on Babies
Over 70,000 deaths, and over 1 million disabilities among American soldiers attributed to Iraq Wars says U.S. government data
Beyond Treason (Documentary):

Beyond Treason investigates causes of Gulf War Illness and continuing deaths of gulf war veterans. Beyond Treason outlines: – exposure to depleted uranium munitions used on the battlefield. – chemical and biological exposures. – experimental vaccines given.


A classified German Army manual has thrown doubt over US and UK assurances that no depleted uranium munitions have been used in Afghanistan.

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A military manual that was handed over to German campaigners has reignited allegations that the US used DU ammunition in Afghanistan. If true, it runs counter to repeated assurances given by the US military that no DU was used. The manual, a war-fighting guide for Bundeswehrcontigents in Afghanistan is marked classified and for official NATO use only. It was written by the Bundeswehr’s Centre for Communication and published in late 2005.

Campaigners have long suspected that the US military has not been entirely candid over the issue and papers have emerged showing that DU munitions were transported to Afghanistan. The use of A10 Warthog aircraft – one of the main users of DU ammunition – remains widespread to this day, although the number of armoured targets is now much diminished. Estimates by Janes Defence in 2003 suggested that the Taliban had at least 100 main battle tanks and 250 armoured fighting vehicles at the beginning of the conflict. It would be unusual if the US Army had chosen not to engage these targets with DU munitions from the air.

The section on DU munitions begins with:

(Click on image to enlarge.)
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“During the operation “Enduring Freedom” in support of the Northern Alliance against the Taliban-Regime, US-aircraft used, amongst others, armour-piercing incendiary munitions with a DU-core (Depleted Uranium). Because of its pyrophoric character, when this type of munition is used against hard targets (e.g. tanks, cars) the uranium burns. During the combustion, toxic dusts can be deposited, particularly at and around the targets, which can then be re-suspended easily.”

It then warns troops how to recognise contaminated targets and of the potential health threat from DU munitions, suggesting precautions that troops should take. It is notable that they suggest the use of full Nuclear Chemical and Biological warfare suits:

(Click on image to enlarge.)
du-munition-in-afghanistan-02

“DU-munitions can therefore induce toxic and radiological damage to exposed personnel through heavy metal poisoning and very low-level radiation. When it is suspected that these weapons have been used (burnt out cars or tanks, burnt out convoys, typical 30mm bullet holes) NBC (nuclear, biological and chemical) protection suits and NBC masks have to be worn in the vicinity of the munitions’ impact, until NBC security troops can rule out any threat.”

Bundeswehr precautionary measures:

(Click on image to enlarge.)
du-munition-in-afghanistan-03

– No unnecessary contact with munitions, munitionparts, or any other potentially contaminated material
– Examination through NBC troop for possible radiation
– Issuing of film dosemeters
– Putting on NBC-masks
– Sealing up of clothing or wearing personal NBC protection suit
– Documenting any contact with DU-contaminated material (who, where, when, what, how long, and dose)
– Immediate report with submission of the dosemeter
– Calling in of the responsible troop doctor

Read moreGerman Bundeswehr Manual: U.S. Military Uses Depleted Uranium Ammunition in Afghanistan

Charlie Sheen: Twenty Minutes with President Obama

A MUST-READ!

For clarification:

Author’s Note: What you have just read didn’t actually happen… yet.

This is an open letter to the President requesting a new investigation.

Charlie Sheen.


Reported by Charlie Sheen

charlie-sheen-interview-with-president-obama-01

I recently had the pleasure of sitting down with our 44th President of the United States of America, Barack Hussein Obama, while he was out promoting his health care reform initiative. I requested 30 minutes given the scope and detail of my inquiry; they said I could have 20. Twenty minutes, 1200 seconds, not a lot of time to question the President about one of the most important events in our nation’s history. The following is a transcript of our remarkable discussion.


Charlie Sheen – Good afternoon Mr. President, thank you so much for taking time out of your demanding schedule.

President Barack Obama – My pleasure, the content of your request seemed like something I should carve out a few minutes for.

CS – I should point out that I voted for you, as your promises of hope and change, transparency and accountability, as well as putting government back into the hands of the American people, struck an emotional chord in me that I hadn’t felt in quite some time, perhaps ever.

PBO – And I appreciate that Charlie. Big fan of the show, by the way.

CS – Sir, I can’t imagine when you might find the time to actually watch my show given the measure of what you inherited.

PBO – I have it Tivo’d on Air Force One. Nice break from the traveling press corps. (He glances at his watch) not to be abrupt or to rush you, but you have 19 minutes left.

CS – I’ll take that as an invitation to cut to the chase.

PBO – I’m all ears. Or so I’ve been told.

CS – Sir, in the very near future we will be experiencing our first 9/11 anniversary with you as Commander in Chief.

PBO – Yes. A very solemn day for our Nation. A day of reflection and yet a day of historical consciousness as well.

CS – Very much so sir, very much so indeed…. Now; In researching your position regarding the events of 9/11 and the subsequent investigation that followed, am I correct to understand that you fully support and endorse the findings of the commission report otherwise known as the ‘official story’?

PBO – Do I have any reason not to? Given that most of us are presumably in touch with similar evidence.

CS – I really wish that were the case, sir. Are you aware, Mr. President, of the recent stunning revelations that sixty percent of the 9/11 commissioners have publicly stated that the government agreed not to tell the truth about 9/11 and that the Pentagon was engaged in deliberate deception about their response to the attack?

PBO – I am aware of certain “in fighting” during the course of their very thorough and tireless investigative process.

CS – Mr. President, it’s hard to label this type of friction as “in fighting” or make the irresponsible leap to “thorough,” when the evidence I insist you examine regarding 6 of the 10 members are statements of fact.

(At this point one of Obama’s senior aides approaches the President and whispers into his ear. Obama glances quickly at his watch and nods as the aide resumes his post at the doorway, directly behind me.)

PBO – No disrespect Mr. Sheen, but I have to ask; what is it that you seem to be implying with the initial direction of this discussion?

CS – I am not implying anything Mr. President. I am here to present the facts and see what you plan to do with them.

PBO – Let me guess; your ‘facts,’ allegedly supporting these claims are in the folders you brought with you?

CS – Good guess Mr. President.

(I hand the first folder of documents to the President)

CS – Again sir, these are not my opinions or assumptions, this is all a matter of public record, reported through mainstream media, painstakingly fact checked and verified.

(the President glances into the folder I handed him)

CS – You’ll notice sir on page one of the dossier dated August of ’06 from the Washington Post, the statements of John Farmer, senior council to the 9/11 commission, his quote stating, “I was shocked how different the truth was from the way it was described.”

PBO – (as he glances down at the report, almost inaudible) …. um hmm….

CS – He goes on to further state “The [NORAD Air Defense] tapes told a radically different story from what had been told to us and the public for two years….”

(the President continues to view the documents)

CS – On pages two and three, sir, are the statements, as well, from commission co-chairmen Thomas Kean and Lee Hamilton, commissioners Bob Kerrey, Timothy Roemer and John Lehman, as well as the statements of commissioner Max Cleland, an ex-Senator from Georgia , who resigned, stating:

“It is a national scandal. This investigation is now compromised. One of these days we will have to get the full story because the 9/11 issue is so important to America. But this White House wants to cover it up.”

He also described President Bush’s desire to delay the process as not to damage the ‘04 re-election bid. They suspected deception to the point where they considered referring the matter to the Justice Department for criminal investigation. Mr. President, this information alone is unequivocally grounds for a new investigation!

PBO – Mistakes were clearly made but we as a people and as a country need to move forward. It is obviously in our best interest as a democratic society to focus our efforts and our resources on the future of this great nation and our ability to protect the American people and our allies from this type of terrorism in the coming years.

CS – Sir, how can we focus on the future when THE COMMISSION ITSELF is on record stating that they still do not know the truth??

PBO – Even if what you state, might in some capacity, begin to approach an open discussion or balanced debate, I can’t speak for, or about the decisions certain commission members made during an extremely difficult period. Perhaps you should be interviewing them instead of me. Wait, don’t tell me; I was easier to track down than they were?

CS – Not exactly sir, but let’s be honest. You’re the President of the United States, the leader of the free world, the buck stops with you. 9/11 has been the pretext for the systematic dismantling of our Constitution and Bill of Rights. Your administration is reading from the same playbook that the Bush administration foisted on America through documented secrecy and deception.

PBO – Mr. Sheen, I’m having a difficult time sitting here and listening to you draw distorted parallels between the Bush/Cheney regime and mine.

CSMr. President the parallels are not distorted just because you say they are. Let’s stick to the facts. You promised to abolish the Patriot Act and then voted to re-authorize it. You pledged to end warrantless wire tapping against the American people and now energetically defend it. You decried the practice of rendition and now continue it. You promised over and over again on the campaign trail, that you would end the practice of indefinite detention and instead, you have expanded it to permanent detention of “detainees” without trial. This far exceeds the outrages of the former administration. Call me crazy Mr. President, but is this not your record?

PBO – Mr. Sheen, my staff and I authorized this interview based on your request to discuss 9/11 and deliver some additional information you’re convinced I’d not previously reviewed. Call me crazy, But it appears as though you’ve blindly wandered off topic.

CS – Sir, the examples I just illustrated are a direct result of 9/11.

PBO – And I’m telling you that we must move forward, we must endure through these dangerous and politically challenging years ahead.

CS – Mr. President, we cannot move forward with a bottomless warren of unanswered questions surrounding that day and its aftermath.

PBO – I read the official report. Every word every page. Perhaps you should do the same.

CS – I have sir, and so have thousands of family members of the victims, and guess what; they have the same questions I do and probably a lot more. I didn’t lose a loved one on that horrific day Mr. President and neither did you. But since then I, along with millions of other Americans lost something we held true and dear for most of our lives in this great country of ours; we lost our hope.

PBO – And I’d like to believe that I am here to restore that hope. To restore confidence in your leaders, in the system that the voting public chose through a peaceful transfer of power.

(An odd moment of silence between us. Precious time ticking away).

CS – Mr. President, are you aware of the number of days it took to begin the investigation into JFK’s assassination?

PBO – If memory serves I believe it was two weeks.

CS – Close. Seventeen days to be exact. Are you aware sir, how long it took to begin the investigation into Pearl Harbor?

PBO – I would say again about….two weeks.

CS – Close again sir, eleven days to be exact. Are you aware Mr. President how long it took to begin the investigation into 9/11?

PBO – I know it must have seemed like a very long time for all the grieving families.

CS – It was a very long time Mr. President – four hundred and forty days. Roughly 14 months. Does it bother you Mr. President that it only took FIVE HOURS for Defense Secretary Donald Rumsfeld after the initial attack to recommend and endorse a full scale offensive against Iraq?

Read moreCharlie Sheen: Twenty Minutes with President Obama

FBI Whistleblower Sibel Edmonds: Members of U.S. Congress ‘Bribed, Blackmailed’

Take a close look who owns and controls the media in the US and you know why “not a single major mainstream media outlet in the U.S. has picked up on Edmonds’ startling claims since her deposition has been made fully available.”

What Sibel Edmonds has to say really is a matter of NATIONAL SECURITY.

Related articles:
Googling Sibel Edmonds
Whistleblower Sibel Edmonds Finally Testifies Under Oath
Sibel Edmonds ‘Bombshell’: Osama Bin Laden Worked for US Until 9/11


sibel_edmonds

Breaking Down the Under-Oath Disclosures of the Formerly-Gagged Sibel Edmonds…

It has now been over a week since the video tape and transcript from the remarkable 8/8/09 deposition of former FBI translator-turned-whistleblower Sibel Edmonds was publicly released. Previously, the Bush Administration invoked the so-called “state secrets privilege” in order to gag Edmonds, in attempting to keep such information from becoming public.

The under-oath, detailed allegations include bribery, blackmail, espionage and infiltration of the U.S. government of, and by current and former members of the U.S. Congress, high-ranking State and Defense Department officials and agents of the government of Turkey. The broad criminal conspiracy is said to have resulted in, among other things, the sale of nuclear weapons technology to black market interests including Pakistan, Iran, North Korea, Libya and others.

Even as many of these allegations had been previously corroborated to varying extents, by a number of official government reports, documents and independent media outlets (largely overseas), not a single major mainstream media outlet in the U.S. has picked up on Edmonds’ startling claims since her deposition has been made fully available.

Granted, last week was a busy news week, with the death of Ted Kennedy, the release of the CIA Inspector General’s report on torture, and the announcement that Michael Jackson’s death was ruled a homicide. And, it’s true, a 4-hour deposition and/or 241-page transcript [PDF] is a lot of material to review, particularly given the wide scope of the charges being made here. Still, given the serious national security issues at stake, said to have the been among the most important matters of the past 8 years, one would think someone in the corporate MSM might have taken the time to go through the material, and report on it. Particularly as Edmonds’ claims have previously been found “credible” “serious” and “warrant[ing] a thorough and careful review,” by the DoJ Inspector General, and confirmed as such, on several occasions, by Senators Chuck Grassley (R-IA), Patrick Leahy (D-VT) and many many others.

So for the benefit of the U.S. media, and other readers, who may find it helpful for this large body of newly-available information to be culled down into more digestible pieces, I will attempt to break down the deposition, a bit, into some of its subject matter-based component parts. I will try to go through the major disclosures from the deposition, one-by-one, in a series of pieces which might help others to further report and/or investigate these breathtaking disclosures from a former FBI official who, following 9/11, listened to and translated wiretap recordings made from 1996 through 2002, in the FBI’s counterintelligence and counterterrorism departments, under top-secret clearance.

In this first break-down article, we’ll look at the answers given by Edmonds during her deposition in regard to bribery and blackmail of current and former members of the U.S. Congress, including Dennis Hastert (R-IL), Bob Livingston (R-LA), Dan Burton (R-IN), Roy Blunt (R-MO), Stephen Solarz (D-NY), Tom Lantos (D-CA, deceased) and an unnamed, currently-serving, married Democratic Congresswoman said to have been video-taped in a Lesbian affair by Turkish agents for blackmail purposes.

In further breakdown articles, we’ll look at her disclosures concerning top State and Defense Department officials including Douglas Feith, Paul Wolfowitz and, perhaps most notably, the former Deputy Undersecretary of State, Marc Grossman, the third-highest ranking official in the State Department. Also, details on the theft of nuclear weapons technology; disclosures on Valerie Plame Wilson’s CIA front company Brewster-Jennings; items related to U.S. knowledge of 9/11 and al-Qaeda prior to September 11, 2001; infiltration of the FBI translation department and more.

Though Edmonds was careful to not “discuss the intelligence gathering method by the FBI,” she notes in her deposition that her claims are “Based on documented and provable, tracked files and based on…100 percent, documented facts.”

Among the specific charges she levels against current and former U.S. Congress Members in the deposition:

Dennis Hastert: “[S]everal categories. The acceptance of large sums of bribery in forms of cash or laundered cash … to make it look legal for his campaigns, and also for his personal use, in order to do certain favors … make certain things happen for foreign entities and foreign governments’ interests, Turkish government’s interest and Turkish business entities’ interests. … other activities, too, including being blackmailed for various reasons. … he used the townhouse that was not his residence for certain not very morally accepted activities. … foreign entities knew about this, in fact, they sometimes participated in some of those not maybe morally well activities in that particular townhouse that was supposed to be an office, not a house, residence at certain hours, certain days, evenings of the week.”Stephen Solarz: “[A]s lobbyist … acted as conduit to deliver or launder contribution and other briberies to certain members of Congress, but also in pressuring outside Congress, and including blackmail, in certain members of Congress.”

Bob Livingston: “Until 1999 … not very legal activities on behalf of foreign interests and entities, and after 1999 acting as a conduit to, again, further foreign interests, both overtly and covertly as a lobbyist, but also as an operative.”

Tom Lantos: “[N]ot only … bribe[ry], but also … disclosing highest level protected U.S. intelligence and weapons technology information both to Israel and to Turkey. … other very serious criminal conduct.”

Unnamed Congresswoman: (Though not identified as such during the deposition, Edmonds has since confirmed her to be a Democrat) “[T]his Congresswoman’s married with children, grown children, but she is bisexual. … So they have sent Turkish female agents, and that Turkish female agents work for Turkish government, and have sexual relationship with this Congresswoman in her townhouse … and the entire episodes of their sexual conduct was being filmed because the entire house, this Congressional woman’s house was bugged. … to be used for certain things that they wanted to request … I don’t know if she did anything illegal afterward. … the Turkish entities, wanted both congressional related favoritism from her, but also her husband was in a high position in the area in the state she was elected from, and these Turkish entities ran certain illegal operations, and they wanted her husband’s help. But I don’t know if she provided them with those.”

Roy Blunt: “[T]he recipient of both legally and illegally raised donations, campaign donations from …Turkish entities.”

Dan Burton: (And others) “[E]xtremely illegal activities against the United States citizens who were involved in [covert] operations that were … against … foreign government[s] and foreign entities against the United States’ interests.”

Hastert, Livingston and Solarz, as Edmonds notes in her deposition, would all go on to become highly-paid lobbyist for Turkey and/or Turkish public interest groups after they left the U.S. Congress.

* * *

fbi-whistleblower-sibel-edmonds

Read moreFBI Whistleblower Sibel Edmonds: Members of U.S. Congress ‘Bribed, Blackmailed’

China: Scientists ‘filmed UFO for 40 minutes’

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The UFO world is alive with speculation that China is about to reveal details of startling and detailed footage of an unidentified flying object taken during the solar eclipse on July 22.

Scientists at the Purple Mountain Observatory in Nanjing are reported to have confirmed that they filmed a UFO during the eclipse for 40 minutes. They say that they will spend the next 12 months studying the footage before drawing any conclusions.

The director of the observatory, Ji Hai-sheng, told sina.com that scientists would not be speculating publicly on the nature of what was captured on film until it had been properly studied.

He added:”‘Purple Mountain Observatory and Chinese Academy of Sciences said that during the July 22 total solar eclipse observation, China had discovered near the sun, by observing staff, an unidentified object, it’s physical nature remains to be further studied.

“Currently manpower is being organized to deal with this data, complete the data analysis and reveal the scientific results and this will take at least one year’s time to finalise.”

Read moreChina: Scientists ‘filmed UFO for 40 minutes’