Subprime pain sweeps the world

More than 100 local councils, charities, churches, hospitals and nursing homes across Australia are sitting on a $2 billion black hole after buying subprime investments structured by Wall Street banks during the bull market but which are now potentially worthless.

Melbourne’s Metropolitan Ambulance Service and local councils are among those facing losses of hundreds of millions of dollars in the subprime meltdown because of bad debt they bought through a global investment bank.

Read moreSubprime pain sweeps the world

Spanish government cuts short holiday as economy collapses

Spain’s cabinet ministers took the unprecedented step of interrupting their summer holidays to hold an emergency meeting on the nation’s deepening economic crisis.

Jose Luis Rodriguez Zapatero, the Spanish prime minister, sought to address the “stagnation and slowdown” of the economy when he announced a package of 24 measures designed to lessen their effect.

Spain is among the European countries that, like Britain, have been hardest hit by the kock on effects of the economic downturn and credit crunch in the United States.

Read moreSpanish government cuts short holiday as economy collapses

Russia Seizes Arsenal Of US Weapons In Georgia

MOSCOW (AFP)–Russian forces have seized a “large arsenal” of U.S.-made weapons in the western Georgian city of Senaki including hundreds of assault rifles, a military spokesman said Friday.

“In Senaki, we seized a large arsenal of weapons including 664 U.S.-made M-16 rifles” and a number of M-40 sniper rifles, General Anatoly Nogovitsyn told a news conference in Moscow. “There were 1,728 weapons total.”

Source: Nasdaq

__________________________________________________________________________________

Russian military concerned by U.S. cargo flights to Georgia

MOSCOW, August 14 (RIA Novosti) – Russia’s General Staff said Thursday it was concerned by the nature of cargoes the United States was airlifting to Georgia, questioning if they were really humanitarian aid.

The U.S. sent two C-17 military planes to Georgia late Wednesday and early Thursday as part of a Pentagon humanitarian mission.

In a statement Wednesday, President George W. Bush said Washington would “use U.S. aircraft, as well as naval forces” to distribute supplies, and demanded Russia withdraw troops from Georgia.

At a news conference Thursday, Col. Gen. Anatoly Nogovitsyn, deputy head of the General Staff, urged the media to press U.S. officials for trustworthy information on the U.S. role in Georgia.

“What is going on there?” he asked. “We, the Russians, are extremely concerned about it.”

“U.S. military transport aircraft are reported to have been airlifting some humanitarian cargoes to Tbilisi airport. Two days ago, reports said we had destroyed the airport,” Nogovitsyn said

Read moreRussia Seizes Arsenal Of US Weapons In Georgia

Bush accuses Russia of ‘bullying and intimidation’

Almost unbelievable. Mr. Bush, Enough! You are an idiot! (Pravda)
Someone needs to say it.
_____________________________________________________________________________________

WASHINGTON – President Bush on Friday accused Russia of “bullying and intimidation” in its harsh military treatment of Georgia, saying the people in the former Soviet republic have chosen freedom and “we will not cast them aside.”

Bush ratcheted up his rhetoric against Moscow as Secretary of State Condoleezza Rice was in Tbilisi, Georgia to pursue a diplomatic solution to the week-old crisis. Standing alongside Rice, pro-Western President Mikhail Saakashvili said he had signed a cease-fire agreement with Russia that protects Georgia’s interests despite concessions to Moscow.

Rice said all Russian troops “must leave immediately” and said she had been told that Russian President Dmitry Medvedev will sign an identical pact.

Read moreBush accuses Russia of ‘bullying and intimidation’

Pravda: Mr. Bush, Enough! You are an idiot!

So you have the colossal audacity, Mr. Bush, to “warn” Russia to pull back? As the wanton, perverse war criminal under whose watch the world saw the crime known as “shock and awe” committed, I’d say you were well out of your mind to suggest that Russia should pull back.

What’s a little shock and awe among inferior people we want to rob and destroy, eh?

What do human beings need an infrastructure for?

Why do they need clean water? Why do they need electricity?

What’s a little torture?

What’s a little regime change? Don’t recall when that was a goal of yours?

What’s a little deviant, perverted sexual experimentation and humiliation?

What’s a few secret detention camps?

What’s wrong with destroying an environment for 4 billion years and generations after generations of people? After all, they’re just rag heads, aren’t they Mr. Bush?

Perhaps when Russia even begins to match your tremendous feats of glory can you speak about pulling back you fool of the worst kind.

Read morePravda: Mr. Bush, Enough! You are an idiot!

The Cold, Hard Facts about the Georgia-Russia War

Dr. David Duke


A little refugee from South Ossetia, victim to what has to be described as an ethnic
cleansing operation and terror campaign by Georgian troops, advised by the Israeli
military – who undoubtedly shared their experience of terrorizing the Palestinians
over the years. This cold, hard fact is being blatantly ignored by the heavily Zionist
influenced press in the US, who continue to paint Russia as the aggressor and the
Georgians as the innocent victims. [INCOG]

“Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.” -President Bush Condemns Russia (AP August 10, 2008)

The usual suspects who control the media and politics of the United States are once more lying to the American people and to the world. Here are the facts that can be easily verified within the mainstream media, but are buried beneath the rhetoric of anti-Russianism. -Dr. David Duke

Here are the Cold Hard Facts:

Read moreThe Cold, Hard Facts about the Georgia-Russia War

Taliban kill 14, declare “open war” in Pakistan

The Seattle Times has removed the article but the printer friendly version still works.
______________________________________________________________________________

PESHAWAR, Pakistan – In retaliation for Pakistan’s aggressive air assault on the tribal region this week, the Taliban declared “open war” and bombed a minibus Tuesday carrying 18 Pakistani air-force personnel on a major road in Peshawar. Up to 14 people were killed.

Read moreTaliban kill 14, declare “open war” in Pakistan

The Summer Olympics And World War III

Earl Of Stirling

The Olympics are what is right about the world. On this last Friday, the eighth day of the eighth month of the eighth year of the new millennium we witnessed a fantastic spectacle, a peaceful gathering of the many nations of our small blue planet; a competition of the best young athletes from all over the world. The Olympics make us proud to be humans; proud to be citizens of Earth.

Sadly, on this same day, we saw what future historians will count as the day that the Third World War began. It was designed this way, by the evil people who worked hard to begin the war under the cover of the Olympics.

We all like to be right, myself included, but sometimes it is not so wonderful. I have written a series of articles over the last few weeks on the coming nightmare centered on the neo-con grand strategy. I predicted the outbreak of hostilities in Georgia and Russia and said that there is a strong link between what is happening there and to what is about to happen against Iran. I said that the war in Georgia was intended as a strategic distraction for Russia as America, the United Kingdom, France, Israel, and others assemble their large naval blockade of Iran, but a strategic distraction that would backfire. I also described the massive US Naval armada headed for Iran; the make-up of this extremely large and powerful force is as I described it several days ago (this has now been confirmed by Israeli sources).

Read moreThe Summer Olympics And World War III

U.S. Take Control of Georgian Ports

TBILISI (Reuters) – President George W. Bush’s pledge to send aid to Georgia means that the U.S. military will take control of the ex-Soviet state’s ports and airports, Georgian President Mikheil Saakashvili said on Wednesday.

“You have heard the statement by the U.S. president that the United States is starting a military-humanitarian operation in Georgia,” Saakashvili said in a television address.

“It means that Georgian ports and airports will be taken under the control of the U.S. defense ministry in order to conduct humanitarian and other missions. This is a very important statement for easing tension.”

Read moreU.S. Take Control of Georgian Ports

U.S. troops still in Georgia


Tracy J. Smith/Courtesy of the U.S. Army
Spc. Joseph Noble of the Georgia Army National Guard takes part in field training alongside Republic of Georgia soldiers during Immediate Response 08 at Vaziani Military Base, Georgia, in July. The training wrapped up Thursday.

U.S. personnel responsible for training members of the Georgian military remain stationed inside the volatile country, where fighting erupted Friday between Russia and Georgia over the breakaway province of South Ossetia.

The U.S. European Command said on Monday that there were no plans at this time to withdraw the U.S. military trainers from the country. There are still 127 U.S. trainers in Georgia, where the American forces had been preparing the Georgian army for operations in Iraq.

Meanwhile, U.S. civilians started to make their way out of the country over the weekend, according to the U.S. Embassy in Tbilisi.

Convoys carrying family members of diplomats, government workers and ordinary citizens bound for the embassy in neighboring Armenia continued on Monday.

Read moreU.S. troops still in Georgia

Iran warns against ‘surprise attack


Iran’s Defense Minister Mostafa Mohammad-Najjar

Iran’s Defense Minister Mohammad-Najjar has warned that its response to a surprise enemy attack would be a greater surprise for the aggressor.

He said Iran has developed an extensive defense force to repel any possible attack, adding the Islamic Republic is currently a major defensive power.

Read moreIran warns against ‘surprise attack

US: Most companies paid no federal income taxes

Report says most corporations pay no federal income taxes; lawmakers blame loopholes

WASHINGTON (AP) – Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.

Collectively, the companies  reported trillions of dollars in sales, according to GAO’s estimate.

Read moreUS: Most companies paid no federal income taxes

The Rise Of The Droids

August 11, 2008: The U.S. Air Force is, for the first time, converting a fighter wing from manned (F-16) combat aircraft, to unmanned ones (the MQ-9 Reaper.) The conversion, for the 174th Fighter Wing, has been in the works for three years, and the last combat sorties in manned aircraft were flown last week, by members of the 174th serving in Iraq.
The air force has already converted several combat wings to fly Predators which, while armed (with two 107 pound Hellfire missiles), are considered reconnaissance aircraft. The Reaper is considered a combat aircraft, optimized for seeking out and destroying ground targets. Jet powered combat UAVs are in development. It’s only a matter of time before UAVs take over air superiority, strategic bombing and suppression of enemy air defenses duties as well.

Read moreThe Rise Of The Droids

Russian president calls halt to Georgian war

Russian President Dmitry Medvedev has called a halt to the advance of Russian troops in Georgia.
Russian President Dmitry Medvedev has called a halt to the advance of Russian troops in Georgia.

MOSCOW, Russia (CNN) — Russian President Dmitry Medvedev announced Tuesday that he has ordered an end to military operations against Georgia.

The announcement came minutes before French President Nicolas Sarkozy was to land in Moscow to meet with Medvedev to negotiate terms for a possible cease-fire.

“I have reached a decision to halt the operation to force the Georgian authorities to peace,” Medvedev said. “The aggressor has been punished and has incurred very significant losses. Its armed forces are disorganized.”

Read moreRussian president calls halt to Georgian war

Georgia ‘overrun’ by Russian troops as full-scale ground invasion begins

  • Gordon Brown urges Moscow to order a ceasefire
  • Putin lashes out at the U.S. for ‘helping Georgia’
  • Georgia ‘restarts shelling’ after ceasefire call ignore
  • Refugee crisis as 40,000 flee

Georgian officials tonight claimed the country had been ‘overrun’ by Russian troops after a full-scale ground invasion.

Amid reports that Moscow forces had taken the town of Gori – and were marching on the capital Tsblisi – Georgian soldiers appeared to be in full retreat.

Troops were apparently in complete chaos as a full-scale rout pushed them back through the countryside.

Meanwhile, the civilian crisis intensified with thousands of refugees fleeing the seemingly unstoppable advance of the Russian army.

Georgia Georgia
An unidentified Georgian woman cries after finding out that her child was killed in a neighbouring village, in the town of Gori

Around 9,000 soldiers and 350 tanks had been massing at a base in the border region of Abkhazia throughout the day.

Read moreGeorgia ‘overrun’ by Russian troops as full-scale ground invasion begins

Russia: Georgian troops in South Ossetia surrendering

MOSCOW, August 11 (RIA Novosti) – Georgian troops have been surrounded in South Ossetia and are giving themselves up, a senior Russian military official said on Monday.

“Russian troops are currently disarming the surrounded Georgian forces in South Ossetia,” Col. Gen. Anatoly Nagovitsyn, deputy head of the General Staff, told a news conference.

Read moreRussia: Georgian troops in South Ossetia surrendering

Jewish Georgian minister: Thanks to Israeli training, we’re fending off Russia

Hmmmhhh. Fending off Russia? No way!

*****

Jewish Georgian Minister Temur Yakobshvili on Sunday praised the Israel Defense Forces for its role in training Georgian troops and said Israel should be proud of its military might, in an interview with Army Radio.

“Israel should be proud of its military which trained Georgian soldiers,” Yakobashvili told Army Radio in Hebrew, referring to a private Israeli group Georgia had hired.

Read moreJewish Georgian minister: Thanks to Israeli training, we’re fending off Russia

U.S. Arms Cache Found in Kyrgyzstan

The U.S. embassy in Kyrgyzstan has found itself embroiled in scandal after the country’s interior ministry announced that a hoard of U.S.-made weapons has been found in a house in Bishkek rented by U.S. citizens. The embassy hurriedly stated that the weapons were intended for antiterrorism exercises, but Kyrgyz enforcement agencies have not confirmed that. The news is the talk of Kyrgyzstan. The prosecutor general has begun an investigation.

Read moreU.S. Arms Cache Found in Kyrgyzstan

Russia opens 2nd front in Georgia, seizing towns

GORI, Georgia – Russian armored vehicles rolled deep into western Georgia on Monday, quickly seizing several towns and a military base and slicing open a damaging second front in Russia’s battle with Georgia. Other Russian forces captured the key central city of Gori.

Fighting also raged Monday around Tskhinvali, the capital of the separatist province of South Ossetia. Swarms of Russian planes launched new raids across Georgia, sending screaming civilians running for cover.

The invasions of Gori and the towns of Senaki, Zugdidi and Kurga came despite a top Russian general’s claim earlier Monday that Russia had no plans to enter Georgian territory. By taking Gori, which sits on Georgia’s only east-west highway, Russia has the potential to effectively cut the country in half.

Read moreRussia opens 2nd front in Georgia, seizing towns

One Nation Under Siege – Full Theatrical Release

From documentary filmmaker William Lewis comes a bone chilling documentary on the spying, tracking and control of the American public.

Source: Google Video

Dmitry Medvedev made a statement on the situation in South Ossetia.

At a meeting with the permanent members of the Russian Security Council, the President declared:

“Russia has maintained and continues to maintain a presence on Georgian territory on an absolutely lawful basis, carrying out its peacekeeping mission in accordance with the agreements concluded. We have always considered maintaining the peace to be our paramount task. Russia has historically been a guarantor for the security of the peoples of the Caucasus, and this remains true today.

Last night, Georgian troops committed what amounts to an act of aggression against Russian peacekeepers and the civilian population in South Ossetia. What took place is a gross violation of international law and of the mandates that the international community gave Russia as a partner in the peace process.

Read moreDmitry Medvedev made a statement on the situation in South Ossetia.