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

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

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Traders at the Kuwaiti Stock Exchange

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

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

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

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

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

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

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

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

And how about CO2?

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


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

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

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

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

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

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

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

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

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

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

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

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

Those soldiers could still be alive …

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

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

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

Enough.


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

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

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

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

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

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

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

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

POLICE ATTACKED

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

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

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

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Change we can believe in!

Another elite puppet President!



YouTube

More on President Obama:

– Transparency:

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

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

President Obama signs law blocking release of torture photos

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

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

– Legislation:

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

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

– Lobbyists:

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

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

The US Government: Bought and Paid For

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

Obama’s Money Cartel

– US troops:

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

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

Obama administration tells Pakistan: Tackle Taliban or we will

MSNBC Rachel Maddow: War President Obama

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

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

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

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

– Healthcare:

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

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

White House disables Stasi e-tip box

– Budget Deficit/Deficit Spending:

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

Obama administration to lift debt ceiling by $1.8 trillion

Obama’s Big Sellout (Rolling Stone Magazine)

Obama administration posts widest-ever October budget deficit

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

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

– Bushbama:

President Obama Extends 9/11 National Emergency

Bill Would Give President Obama Emergency Control of Internet

Obama leaves Bush’s NSPD 51 intact

No change: Obama ambassadorships still go to fundraisers, friends

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

Obama administration seeks indefinite detention for terror suspects

Obama and habeas corpus — then and now

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

– Second Amendment:

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

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

Lou Dobbs: Obama Pushes Anti-Gun Treaty

Chuck Baldwin: It Is Getting Very Serious Now

Obama to Seek New Assault Weapons Ban

Obama is an elite puppet President like Bush:

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

The Obama Deception

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

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

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

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

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

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


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

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

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

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

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

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

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


Added: 07. December 2009

More from Robert Fisk:

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

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

The demise of the US dollar

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

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

Listen America! Listen!




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

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

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

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

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


Added: 12. December 2009

Obama’s Big Sellout (Rolling Stone Magazine)

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

elite-puppet-president-obama

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

Then he got elected.

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

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

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

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

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

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

Read moreObama’s Big Sellout (Rolling Stone Magazine)