U.S. Rescue Seen at Hand for 2 Mortgage Giants


Henry M. Paulson Jr., the Treasury secretary, and Ben S. Bernanke, the Federal Reserve chairman

WASHINGTON – Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to place the two companies under federal control, officials and company executives briefed on the discussions said.

Read moreU.S. Rescue Seen at Hand for 2 Mortgage Giants

Bush Extends 9/11 National Emergency Yet Again

Though few Americans realize it, Cheney and Rumsfeld worked through the 1980s and 1990s on emergency nuclear-response plans which allegedly suspended the American constitution and also Congress.[1] (Through these decades Rumsfeld was CEO of a major pharmaceutical firm, and in the later 1990s Cheney was CEO of Halliburton; but their private status did not deter them from continuing to exercise a supra-constitutional planning power conferred on them by Ronald Reagan.)

Even fewer Americans know that these rules, originally dealing with a nuclear attack on America, were extended by Reagan Executive Order 12656 to cover “any occurrence, including natural disaster, military attack, technological emergency, or other emergency, that seriously degrades or seriously threatens the national security of the United States.”[2] And few Americans realize that at least some of these rules, known technically as Continuity of Government or COG rules, were invoked before 10:00 AM on September 11, 2001.[3]

As he did in 2007, President Bush has again, on August 28, 2008, continued for another year the national emergency first officially proclaimed on September 14, 2001, along with “the powers and authorities adopted to deal with that emergency:”

Notice: Continuation of the National Emergency with Respect to Certain Terrorist Attacks

Consistent with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency I declared on September 14, 2001, in Proclamation 7463, with respect to the terrorist attacks at the World Trade Center, New York, New York, the Pentagon, and aboard United Airlines flight 93, and the continuing and immediate threat of further attacks on the United States.

Because the terrorist threat continues, the national emergency declared on September 14, 2001, and the powers and authorities adopted to deal with that emergency, must continue in effect beyond September 14, 2008. Therefore, I am continuing in effect for an additional year the national emergency I declared on September 14, 2001, with respect to the terrorist threat.

This notice shall be published in the Federal Register and transmitted to the Congress.

GEORGE W. BUSH

THE WHITE HOUSE,

August 28, 2008.[4]

Read moreBush Extends 9/11 National Emergency Yet Again

Dead In The Water – The Sinking of the USS Liberty

During the Six-Day War, Israel attacked and nearly sank the USS Liberty belonging to its closest ally, the USA.

Thirty-four American servicemen were killed in the two-hour assault by Israeli warplanes and torpedo boats. Israel claimed that the whole affair had been a tragic accident based on mistaken identification of the ship.

The American government accepted the explanation. For more than 30 years many people have disbelieved the official explanation but have been unable to rebut it convincingly.

Now, Dead in the Water uses startling new evidence to reveal the truth behind the seemingly inexplicable attack. The film combines dramatic reconstruction of the events, with new access to former officers in the US and Israeli armed forces and intelligence services who have decided to give their own version of events.

Interviews include President Lyndon Johnson’s Secretary of Defence Robert McNamara, former head of the Israeli navy Admiral Shlomo Errell and members of the USS Liberty crew.


Source: Google Video

Main Bank of China Is in Need of Capital


Dollar and yuan currency at a bank in China. China’s central bank has accumulated about $1 trillion in United States debt.

HONG KONG – China’s central bank is in a bind.

It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac.

Those investments have been declining sharply in value when converted from dollars into the strong yuan, casting a spotlight on the central bank’s tiny capital base. The bank’s capital, just $3.2 billion, has not grown during the buying spree, despite private warnings from the International Monetary Fund.

Now the central bank needs an infusion of capital. Central banks can, of course, print more money, but that would stoke inflation. Instead, the People’s Bank of China has begun discussions with the finance ministry on ways to shore up its capital, said three people familiar with the discussions who insisted on anonymity because the subject is delicate in China.

Read moreMain Bank of China Is in Need of Capital

Russian Lawmaker Says Moscow to Deploy Weapons Near Poland

A senior Russian lawmaker says Moscow will deploy high-precision weapons near Poland, in response to a U.S. – Poland missile defense agreement signed in Warsaw last month.

Viktor Zavarzin, head of the defense committee in the State Duma, said Thursday Russia has new weapons that will be installed near the sites where Washington plans to deploy interceptor missiles.

Read moreRussian Lawmaker Says Moscow to Deploy Weapons Near Poland

Ron Paul supporters’ magical disappearing act

Ron Paul, the Texas congressman who unsuccessfully sought the Republican nomination for president, has been said to resemble Gandalf, the magician from the movie version of “The Lord of the Rings.”

Republican officials seemed to make Paul’s supporters magically disappear during Wednesday night’s roll call vote, in which the GOP convention officially nominated John McCain as the party’s presidential candidate.

Read moreRon Paul supporters’ magical disappearing act

Who is Wrecking America?

By PAUL CRAIG ROBERTS

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review.

Does the liberal-left have a clue? I sometimes think not.

In his book, “What’s the Matter With Kansas?,” Thomas Frank made the excellent point that the Karl Rove Republicans take advantage of ordinary’s people’s frustrations and resentments to lead them into voting against their best interest.

Frank’s new book, “The Wrecking Crew: How Conservatives Rule,” lacks the insight that distinguished his previous book. Why does Frank think that conservatives or liberals rule?

Neither rule. America is ruled by organized interest groups with money to elect candidates who serve their interests. Frank’s book does not even mention the Israel Lobby, which bleeds Americans for the sake of Israeli territorial expansion. Check the index. Israel is not there.

Read moreWho is Wrecking America?

Hold the Spinach, Hold the Lettuce – the FDA Wants to Nuke Our Veggies

(NaturalNews) The FDA has just announced that food producers may now start zapping lettuce and spinach with just enough ionizing radiation to kill E. coli. The muckety-mucks at the FDA have decided, in their infinite wisdom, to use the American public as guinea pigs in an ongoing human experiment to find out the long-term effects of the consumption of irradiated food.

In spite of the FDA’s insistence that eating food treated with just a wee bit of ionizing radiation is safe, Public Citizen (a consumer watchdog group founded by Ralph Nader in 1971 for the purpose of protecting health, safety, and democracy) believes otherwise (understatement) and is trying to get the word out to consumers about the lies that are being told to the trusting American public.

Read moreHold the Spinach, Hold the Lettuce – the FDA Wants to Nuke Our Veggies

House prices suffer biggest fall since records began


House prices: Dropped by more than £25,000 over the past year. Photo: Cate Gillon/Getty

House prices fell by 1.8% in August, bringing the average price of a property in the UK below the government’s new stamp duty threshold, figures showed today.

The UK’s largest lender, Halifax, said the average price of a property had fallen by 12.7% since last August – the biggest fall since it began publishing a monthly survey in the early 1980s.

Prices have dropped by more than £25,000 since August 2007 when the average cost of a home was £199,612, and by more than £3,000 since July.

Read moreHouse prices suffer biggest fall since records began

Secret Service confiscates books & buttons from Ron Paul delegates

By: D. H. Williams @ 7:29 PM – EST

Today at the Republican National Convention, as the Ron Paul Delegates were taking a picture in front of the model White House inside the Convention Center, they were surrounded by Secret Service which proceeded to search the bags of all the delegates. They took any and everything related to Ron Paul including signs, buttons, videos, slim jims, cards, even books.

Read moreSecret Service confiscates books & buttons from Ron Paul delegates

Pakistan: Uproar grows over first ground assault by US troops

Pakistani military officials fear American intervention in the tribal areas could spark a rebellion, derailing counterterrorism operations.

United States forces conducted their first ground assaults into Pakistani territory from bases in Afghanistan early Wednesday morning in a raid on a suspected Taliban stronghold in South Waziristan, one of Pakistan’s lawless tribal areas. The attack has caused an uproar in Pakistan and raised concerns of a new period of tension between the US and its valuable, nuclear-armed ally in the war on terror, which has entered a period of political uncertainty after the resignation of long-serving president Pervez Musharraf last month.

Read morePakistan: Uproar grows over first ground assault by US troops

Congress is about to pour lighter fluid on Iran

There’s a great deal of support for two resolutions that, if approved, would all but strike the match on war.

The U.S. Congress may inadvertently lay the foundations for war against Iran when it reconvenes in Washington this month.

Two essentially identical nonbinding resolutions call upon President Bush to “immediately and dramatically increase the economic, political and diplomatic pressure on Iran to verifiably suspend its nuclear enrichment activities.”

The House resolution has more than 200 cosponsors, including Minnesota Reps. Michele Bachmann, John Kline and Jim Ramstad. The Senate resolution has more than 30 cosponsors, including both Minnesota senators, Norm Coleman and Amy Klobuchar.

The methods for increased pressure differ slightly in the two resolutions. The House resolution calls for “stringent inspection requirements” of all goods entering or leaving Iran. The Senate resolution does not call for the inspection of all goods but joins the House resolution in calling for an embargo of refined petroleum products to Iran, which lacks the refining capacity to meet its need for gasoline.

Achieving either goal would require a naval blockade — a de facto act of war on the part of the United States, though paradoxically both resolutions explicitly exclude authorization for military action.

Read moreCongress is about to pour lighter fluid on Iran

U.S. Food and Water Supply Poisoned by Perchlorate

(NaturalNews) According to a report by the Organic Consumers Association, a toxic chemical that is a byproduct of rocket fuel is rapidly poisoning the food and water supply in the United States. Known as perchlorate, this chemical has been found in 93% of the nation’s milk and lettuce supply in a recent FDA study. It has also been found in the drinking water for at least 22 states at extremely alarming levels. Perhaps the scariest statistic is that perchlorate has been found in the breast milk of 97% of the mothers who were tested.

What are Americans supposed to eat?

Unfortunately, lettuce and milk weren’t the only foods that were found to be contaminated. Perchlorate was found in tomatoes, carrots, cucumbers, spinach, citrus, melons and more. Sadly, even organic vegetables were affected, because most crops are irrigated from polluted water sources. In a Wired.com article by Amit Asaravala, Bill Walker, the vice president of the Environmental Working Group’s West Coast operations, was quoted as saying, “The study confirms what we and some other people have been saying for a while — that perchlorate is not only a problem in areas with known water contamination but for anyone who eats food grown in the U.S.”

Read moreU.S. Food and Water Supply Poisoned by Perchlorate

HPV Vaccine Required of Immigrants, but not Citizens


A single dose of Gardasil costs $162, and a complete vaccination requires three doses.

GREENSBORO, N.C. (WGHP) — In order to become a permanent, legal resident of the U.S., immigrants now must receive a vaccine that is not required of U.S. citizens.

Read moreHPV Vaccine Required of Immigrants, but not Citizens

Allegations of war crimes begin to surface

And it is Georgia who started this disaster:

BBC NEWS: “Fighting between Russia and Georgia began on 7 August after the Georgian military tried to retake the breakaway region of South Ossetia by force.” (Medvedev: Saakashvili is a political corpse)

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As the last of the refugees returned to the war-scarred city of Tskhinval, the horrors they’d experienced while waiting for evacuation are gradually coming to light. A video filmed on a mobile phone, which appears to show Georgian troops firing on civilian buildings, has surfaced on the Internet.


Source: YouTube

The video was apparently recorded by a Georgian soldier as he manned a machine gun. His cry of ‘Yoo hoo!’ as he fired on the building reminded viewers of ‘a child playing a video game’ – but they were real bullets and real human targets.

An investigation into crimes allegedly committed by Georgian troops is currently underway and the exact number of casualties has yet to be established.

Read moreAllegations of war crimes begin to surface

Massive floating generators, or ‘eco-rigs’, to provide power and food to Japan

Battered by soaring energy costs and aghast at dwindling fish stocks, Japanese scientists think they have found the answer: filling the seas with giant “eco-rigs” as powerful as nuclear power stations.

The project, which could result in village-sized platforms peppering the Japanese coastline within a decade, reflects a growing panic in the country over how it will meet its future resource needs.

The floating eco-rig generators which measure 1.2 miles by 0.5 miles (2km by 800m) are intended to harness the energy of the Sun and wind. They are each expected to produce about 300 megawatt hours of power.

Read moreMassive floating generators, or ‘eco-rigs’, to provide power and food to Japan

Who Wants To Be CEO of a Red, White and Blue Kakistocracy*?

*Kakistocracy is government by the very worst, least principled, and most incompetent people. You will be forgiven for thinking that the word, kakistocracy, perhaps derives from the word, “caca”, itself derived from the Latin, “cacare”. In fact, kakistocracy derives from the Greek, kakos, meaning “bad”.)

Read moreWho Wants To Be CEO of a Red, White and Blue Kakistocracy*?

U.S. Must Buy Assets to Prevent Financial Tsunami

The financial tsunami is already on its way. That is why the central banks have intervened on a massive scale to support the dollar, so that the tsunami will hit the economy a little later.
Asking a totally broke government to buy assets is a interesting idea. And who will ultimately pay for any government spending? The taxpayers – like always – will have to pay for it, up to the point where they too will ‘fail’, but there will be no bailout for them – like always.
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Sept. 4 (Bloomberg) — The U.S. government needs to start buying assets to stem a bourgeoning “financial tsunami,” according to Bill Gross, manager of the world’s biggest bond fund.

Read moreU.S. Must Buy Assets to Prevent Financial Tsunami

U.S. Courts Now Consider Saliva to be a “Deadly Weapon” in HIV Trial

(NaturalNews) An HIV-positive homeless man has been sentenced to 35 years in prison for “harassing a public servant with a deadly weapon” by spitting at a police officer.

According to the prosecutors, police responded to a call that 42-year-old Willie Campbell was passed out in front of a Dallas building in May 2006. Police tried to arrest Campbell for public intoxication, and he became agitated. He allegedly kicked and spat at several police officers, telling them that he had HIV.

Read moreU.S. Courts Now Consider Saliva to be a “Deadly Weapon” in HIV Trial

EU is throwing habeas corpus out of the window

British citizens could be convicted in their absence by foreign courts for traffic, credit card or other criminal offences under plans approved in principle by the European Parliament.

The proposals would allow citizens to be extradited automatically under fast-track procedures at the request of another European Union country on the basis of a decision by the foreign court.

The overwhelming adoption by the Parliament of the proposals, which now go to the Council of Ministers, was condemned yesterday as “throwing habeas corpus out of the window”.

Philip Bradbourn, the Conservative justice and home affairs spokesman in the European Parliament, said: “This initiative would enable courts to pass judgments in absentia. It goes against one of the most fundamental corner-stones of British justice – that the accused has a right to defend himself at trial. If other EU countries want to go ahead with this proposal that’s their choice, but the British Government should have no part [of it].”

Read moreEU is throwing habeas corpus out of the window

Medvedev: Saakashvili is a political corpse

(BBC NEWS) Russian President Dmitry Medvedev has described his Georgian counterpart as a “political corpse”, saying Moscow does not recognise him as president.

“President Saakashvili no longer exists in our eyes. He is a political corpse,” he told Italy’s Rai television.

He said US support for Mr Saakashvili had helped provoke the crisis, which has seen Russian troops invade Georgia.

He said Russia did not fear isolation by Western countries that have condemned the Russian intervention.

Fighting between Russia and Georgia began on 7 August after the Georgian military tried to retake the breakaway region of South Ossetia by force.

Russian forces launched a counter-attack and the conflict ended with the ejection of Georgian troops from both South Ossetia and Abkhazia.

Russia has since recognised the independence of both regions, though no other country has.

Read moreMedvedev: Saakashvili is a political corpse

Ron Paul – Rally for the Republic

Ron Paul at Rally For the Republic in Minneapolis, September 2, 2008

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Scotland launches schoolgirls’ anti-cancer health programme

A PROGRAMME to vaccinate schoolgirls against the virus that causes cervical cancer begins today.
Schools in several Scottish areas will begin vaccinating pupils aged 12 and 13 from this week.

They will be the first in the UK to receive the jab as part of a nationwide programme announced last year.

Read moreScotland launches schoolgirls’ anti-cancer health programme