Added: 07. December 2009
More from Robert Fisk:
Added: 07. December 2009
More from Robert Fisk:
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.
Added: 12. December 2009
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.
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 ?
Famous investor and billionaire Jim Rogers has warned already several times about the same thing. Nobody would dare calling him an extremist:
“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.”
Ron Paul, Peter Schiff, Max Keiser, Marc Faber and many others have given dire warnings about the future of the US:
Maybe the real crisis has just started:
I am telling you to listen to these extremists and prepare yourself or you will lose everything, even your life!
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
ALL videos have been removed at http://eclipptv.com/ are gone and this quote is all that is left from the video:
‘Rises in C02 lag 800 years behind temperature rises. So temperature is leading CO2 by 800 years!’
– Prof. Ian Clark
THAT is science!
Those elite criminals will make you pay taxes for nothing!
From the article:
“By acting in this way, the EU has crossed a subtle line. It is no longer legitimate.”
– Lisbon Treaty: Now EU Takes Charge Of Britain
I have a copy dated MDCCLXVI (1766) left to me by my father, and to him by his father. The customary law is Saxon, Celtic, even Visigoth.
“All men in our Kingdom have and hold the aforesaid liberties and rights, well and in peace, freely and quietly, fully and wholly, for ever.”
“No free man shall be taken or imprisoned, or outlawed, or exiled, or in any way destroyed, unless by lawful judgment of his peers.”
“No constable or bailiff shall take another man’s corn or chattels without immediate payment, nor take any horses or any man’s timber for castles.”
“Any one may leave the Kingdom and return at will, unless in time of war, when he may be restrained for some short space for the common good”.
Here is a nice one, as the Square Mile falls under the control EU authorities with “binding powers”.
“The City of London shall have all its ancient liberties and free customs.” Merchants should be free from “evil tolls”.
The founding texts of the English Constitution – charter, petition, bill of rights – have one theme in common: they create nothing. They assert old freedoms; they restore lost harmony. In this they guided America’s Revolution, itself a codification of early colonial liberties.
Europe’s Constitution – the Lisbon Treaty, as we know it – began as a sort of Magna Carta. EU leaders agreed at Laeken in 2001 that the Project needed restraining after Danes and Swedes rejected EMU, the Irish rejected Nice, and youth torched Gothenburg in anti-EU riots.
People do not want Europe inveigling its way into “every nook and cranny of life”, they said. Needless to say, insiders hijacked the process. A Hegelian monstrosity emerged. The text says much about the heightened powers of EU bodies, but scarcely a word to restrain EU bailiffs and constables.
The Charter of Fundamental Rights – legally binding in the UK as of Tuesday, when Lisbon came into force – asserts that the EU has the authority to circumscribe all rights and freedoms.
The text was modified after I threw a tantrum in the Daily Telegraph during the drafting process, comparing it to the “general interest” clause used by Fascist regimes to crush dissent in the 1930s.
Article 52 now reads: “Subject to the principle of proportionality, limitations may be made only if they are necessary and genuinely meet objectives of general interest recognised by the Union.”
Don’t be misled by this inverted wording. What it states is that the EU may indeed limit rights in the “general interest”. In other words, our Magna Carta has been superceeded.
It is the European Court (ECJ) that decides what is “proportional” or “necessary”, and it cannot be trusted. The ECJ behaves like the Star Chamber of Charles I, as I learned following three cases where it rubber-stamped the abuse of state power against whistleblowers Bernard Connolly and Marta Andreasen, and German journalist Hans-Martin Tillack.
If you know the answer, pop it on a postcard and send it to the people of Norway, where this mysterious light display baffled residents yesterday.
Speculation was increasing today that the display was the result of an embarrassing failed test launch of a jinxed new Russian missile.
Added: 15. November 2009
– UN agency sees severe food shortage in North Korea (Washington Post)
Dec. 9 (Bloomberg) — The North Korean won has plummeted 96 percent against the dollar after the government revalued the currency last week, according to reports by Yonhap News Agency and a South Korean aid group.
A North Korean bank in Sinuiju, near the border with China, offered to buy dollars for 35 won on Dec. 7, Good Friends, a Seoul-based rights group, said today on its Web site. Before the currency revaluation, the official rate was about 140 won, and as much as 3,500 won in the black market, Yonhap said.
North Korea’s regime ordered citizens to exchange 1,000-won notes for a new 10-won bill, the country’s first currency reform in 17 years, Yonhap reported on Dec. 1. The move has raised speculation that the government’s grip on power has been loosened by allowing limited free-market activities, such as trading food and goods.
“Once North Koreans realized that they could progress in society by their own economic effort, this created an alternative to advancing only politically through the ranks of state organizations,” Rudiger Frank, professor of East Asian economy and society at the University of Vienna, wrote on the Web site of the Nautilus Institute this month.
The government placed a cap on the amount of money people could exchange for the new notes, effectively wiping out savings.
Following the revaluation, rice prices have more than doubled, Good Friends said. One kilogram (2.2 pounds) of rice cost 50 won as of Dec. 5, compared with 16 won to 17 won on Dec. 2, the group, which obtains information through contacts within North Korea, said in its newsletter yesterday.
One in four school children were absent due to hunger on Dec. 3, indicating how widespread the struggle to find food had become, the group said, without saying how it derived the number.