US: Total Crash of the Entire Financial System Expected, Say Experts

Investors are fleeing from the U.S. stock market, Sending the Dow to Worst June Since Depression, looking for places to secure their wealth.

There is an unprecedented cash flow of ‘hot money’, which is usually defined as short-term global speculative funds moving among financial markets in search of the highest short-term return, moving into China:
Is China flooded with ‘hot money’ because of an expected meltdown in the U.S.?

Let’s further examine the prospects that we would experience a total crash of the entire financial system:

Fortis Bank Predicts US Financial Market Meltdown Within Weeks

We have seen the Dow suffering it’s worst 1st half since ‘70 accompanied by a lot of bad news for the economy like:
US: Big Trouble for General Motors, Crysler and Ford
America’s Aviation System About To Collapse
Starbucks to cut as many as 12,000 positions
And now the corporations are cheating you at the supermarkets: America’s Shrinking Groceries

The Dollar is being destroyed by the Federal Reserve, which has created in the last three years 4 Trillion Dollars of new money out of thin air: Ron Paul on Iran and Energy June 26, 2008

Ron Paul is further warning that: This coming crisis is bigger than the world has ever experienced
and that: We are at the beginning of a huge Dollar bubble.

The US Federal Reserve intentionally created inflation and that is why its credibility has fallen “below zero” and that is why Barclays warns of a financial storm as Federal Reserve’s credibility crumbles.

More dire warnings:
RBS issues global stock and credit crash alert
Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve
Central bank body warns of Great Depression
Credit crisis expands, hitting all kinds of consumer loans
How Low Can The Dollar Go? Zero Value

Investors like Jim Rogers are telling us to “Avoid The Dollar At All Costs” and have told us that the Federal Reserve will fail and that Bernanke should be fired (alhough that isn’t possible because of his contract), because he has created the worst recession in the end and thats why he said: “Abolish the FED” on CNBC 2008.03.12.

The Fed is only doing good for the big corporations on Wall Street. If you would continuously come close to bankruptcy, because you have irresponsibly wasted your money, who will continuously give you billions of Dollars and bail you out, because you might fail? So I agree totally with Marc Faber: ‘Misleading’ Fed Should Let Banks Fail.

Well those corporations are said to be to “Big to Fail”, but they eventually will fail, because the entire system will fail and the Dollar is being destroyed in the process and so the people will end up with nothing, because their life savings are worthless paper. You are already paying the price for this policy, but maybe you haven’t looked at it that way:
The Price Of Food: 2007 – 2008
What inflation really is, is a taxation on monetary assets. And guess who is paying for all of that?

I just love this video. A must see:
The Stock Market and the Monetary System are on the verge of collapse!

Read moreUS: Total Crash of the Entire Financial System Expected, Say Experts

McCain wants much larger U.S. military

Of course John McCain wants more military, it’s the only thing he knows about. – The Infinite Unknown

WASHINGTON (Reuters) – Republican presidential candidate John McCain wants the U.S. military to be much larger than current expansion plans envision, an adviser to the Arizona senator said this week.

The Bush administration has begun expanding the U.S. Army and Marine Corps to create a combined strength of around 750,000 active duty troops — a process backed by McCain’s Democratic rival, Sen. Barack Obama of Illinois.

But McCain believes an Army and Marine Corps with a combined strength of up to 900,000 troops is necessary, said Randy Scheunemann, an adviser to the candidate on foreign policy and national security.

“Sen. McCain feels the proposed increases are not sufficient. They need to be more, to fully address the challenges we face in the 21st century,” Scheunemann told Reuters in a telephone interview.

The U.S. Army and Marines have been severely strained by the wars in Iraq and Afghanistan. Many troops have served multiple tours in the war zones and currently spend only 12 months at home before they deploy again for another year.

As a member of the U.S. Senate’s armed services committee, McCain has built a reputation for scrutinizing the costs of big weapons programs and he has pledged to pursue that approach in the White House if he wins November’s election.

Read moreMcCain wants much larger U.S. military

Ron Paul: This coming crisis is bigger than the world has ever experienced

The following statement is written by Congressman Paul about the pending financial disaster.

He will introduce this statement as a special order and insert it into the Congressional Record next week. Fortunately, we have the opportunity to debut it first on the Campaign for Liberty blog. It reads as follows:

I have, for the past 35 years, expressed my grave concern for the future of America. The course we have taken over the past century has threatened our liberties, security and prosperity. In spite of these long-held concerns, I have days-growing more frequent all the time-when I’m convinced the time is now upon us that some Big Events are about to occur. These fast-approaching events will not go unnoticed. They will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed.

Though the world has long suffered from the senselessness of wars that should have been avoided, my greatest fear is that the course on which we find ourselves will bring even greater conflict and economic suffering to the innocent people of the world-unless we quickly change our ways.

America, with her traditions of free markets and property rights, led the way toward great wealth and progress throughout the world as well as at home. Since we have lost our confidence in the principles of liberty, self reliance, hard work and frugality, and instead took on empire building, financed through inflation and debt, all this has changed. This is indeed frightening and an historic event.

The problem we face is not new in history. Authoritarianism has been around a long time. For centuries, inflation and debt have been used by tyrants to hold power, promote aggression, and provide “bread and circuses” for the people. The notion that a country can afford “guns and butter” with no significant penalty existed even before the 1960s when it became a popular slogan. It was then, though, we were told the Vietnam War and a massive expansion of the welfare state were not problems. The seventies proved that assumption wrong.

Related articles and videos:
Dow suffers worst 1st half since ‘70
Fortis Bank Predicts US Financial Market Meltdown Within Weeks
Barclays warns of a financial storm as Federal Reserve’s credibility crumbles
Jim Rogers: Avoid The Dollar At All Costs
Ron Paul on Iran and Energy June 26, 2008
Marc Faber: ‘Misleading’ Fed Should Let Banks Fail

Read moreRon Paul: This coming crisis is bigger than the world has ever experienced

Pentagon Plans a High Risk Chemical Weapons Transport

WASHINGTON – The Pentagon is considering a plan to ship deadly chemical weapons to military sites in four states to accelerate the destruction of the munitions, a new report to Congress says.

The idea of transporting such lethal agents along routes such as from Colorado to Oregon is prompting opposition from Congress and watchdog groups.

They say the plan exposes the American public to unnecessary risks as the U.S. government is concerned about terrorist attacks.

To honor a 1997 treaty banning chemical weapons, Congress has ordered the military to destroy all its munitions by the end of 2017.

In an unpublicized report delivered to lawmakers last week, the Pentagon said it probably could not meet that deadline unless it ships nerve agents and mustard gas to additional sites for destruction.

Even adding more people and working around the clock at the two sites with complicated dismantling requirements in Kentucky and Colorado may not help the military meet the 2017 deadline, the report said.

Work would be speeded up if some weapons at Kentucky’s Blue Grass Army Depot are moved to sites in Alabama and Arkansas, the report said, while some at the Pueblo, Colo., site are sent to Utah and Oregon.

Congress would have to change laws that forbid moving the weapons, the report said.

That prospect is uncertain. While chemical weapons have been destroyed safely at the Anniston Army Depot in Alabama, it is too risky to ship more there, Sen. Richard Shelby, R-Ala., said in a statement.

It’s shocking and irresponsible for the Department of Defense to even propose to ship large volumes of weapons of mass destruction across the highways of the United States considering the risks and atmosphere of terrorist threats,” said Craig Williams, director of the Chemical Weapons Working Group, a Kentucky citizens organization.

Read morePentagon Plans a High Risk Chemical Weapons Transport

U.S. Military to Patrol Internet

Related article and video:Air Force Aims for ‘Full Control’ of ‘Any and All’ Computers

WASHINGTON, June 30 (UPI) — The U.S. military is looking for a contractor to patrol cyberspace, watching for warning signs of forthcoming terrorist attacks or other hostile activity on the Web.

“If someone wants to blow us up, we want to know about it,” Robert Hembrook, the deputy intelligence chief of the U.S. Army’s Fifth Signal Command in Mannheim, Germany, told United Press International.

(…and the place where you can read about any planned terrorist attack is the Internet, of course!)

In a solicitation posted on the Web last week, the command said it was looking for a contractor to provide “Internet awareness services” to support “force protection” — the term of art for the security of U.S. military installations and personnel.

“The purpose of the services will be to identify and assess stated and implied threat, antipathy, unrest and other contextual data relating to selected Internet domains,” says the solicitation.

Hembrook was tight-lipped about the proposal. “The more we talk about it, the less effective it will be,” he said. “If we didn’t have to put it out in public (to make the contract award), we wouldn’t have.”

He would not comment on the kinds of Internet sites the contractor would be directed to look at but acknowledged it would “not (be) far off” to assume violent Islamic extremists would be at the top of the list.

The solicitation says the successful contractor will “analyze various Web pages, chat rooms, blogs and other Internet domains to aggregate and assess data of interest,” adding, “The contractor will prioritize foreign-language domains that relate to specific areas of concern … (and) will also identify new Internet domains” that might relate to “specific local requirements” of the command.

Officials were keen to stress the contract covered only information that could be found by anyone with a computer and Internet connection.

“We’re not interested in being Big Brother,” said LeAnne MacAllister, chief spokeswoman for the command, which runs communications in Europe for the U.S. Army and the military’s joint commands there.

“I would not characterize it as monitoring,” added Hembrook. “This is a research tool gathering information that is already in the public domain.”

Experts say Islamic extremist groups like al-Qaida use the Web for propaganda and fundraising purposes.

________________________________________________________________________________

And these are the real terrorists:

Government Insider: Bush Authorized 9/11 Attacks:
“This (9/11) was all planned. This was a government-ordered operation. Bush personally signed the order. He personally authorized the attacks. He is guilty of treason and mass murder.” -Stanley Hilton

Rumsfeld: Why not another 9/11?:
In a newly-released tape of a 2006 neocon luncheon meeting featuring former War Secretary Donald Rumsfeld, attended by ex-military “message force multiplier” propaganda shills Lt. General Michael DeLong, David L. Grange, Donald W. Sheppard, James Marks, Rick Francona, Wayne Downing, Robert H. Scales and others, Rumsfeld declared that the American people lack “the maturity to recognize the seriousness of the ‘threats’” — and need another 9/11.

USA Military Officers Challenge Official Account of September 11

____________________________________________________________________________________________

Although the extent to which it is employed in operational planning is less clear, most agree that important information about targeting and tactics can be gleaned from extremists’ public pronouncements.

Read moreU.S. Military to Patrol Internet

State-Sponsored Terror: British and American Black Ops in Iraq

Shining Light on the “Black World”

In January of 2002, the Washington Post ran a story detailing a CIA plan put forward to President Bush shortly after 9/11 by CIA Director George Tenet titled, “Worldwide Attack Matrix,” which was “outlining a clandestine anti-terror campaign in 80 countries around the world. What he was ready to propose represented a striking and risky departure for U.S. policy and would give the CIA the broadest and most lethal authority in its history.” The plan entailed CIA and Special Forces “covert operations across the globe,” and at “the heart of the proposal was a recommendation that the president give the CIA what Tenet labeled “exceptional authorities” to attack and destroy al Qaeda in Afghanistan and the rest of the world.” Tenet cited the need for such authority “to allow the agency to operate without restraint — and he wanted encouragement from the president to take risks.” Among the many authorities recommended was the use of “deadly force.”

Further, “Another proposal was that the CIA increase liaison work with key foreign intelligence services,” as “Using such intelligence services as surrogates could triple or quadruple the CIA’s effectiveness.” The Worldwide Attack Matrix “described covert operations in 80 countries that were either underway or that he was now recommending. The actions ranged from routine propaganda to lethal covert action in preparation for military attacks,” as well as “In some countries, CIA teams would break into facilities to obtain information.”[1]

P2OG: “Commit terror, to incite terror… in order to react to terror”

In 2002, the Pentagon’s Defense Science Board (DSB) conducted a “Summer Study on Special Operations and Joint Forces in Support of Countering Terrorism,” portions of which were leaked to the Federation of American Scientists. According to the document, the “War on Terror” constitutes a “committed, resourceful and globally dispersed adversary with strategic reach,” which will require the US to engage in a “long, at times violent, and borderless war.”As the Asia Times described it, this document lays out a blueprint for the US to “fight fire with fire.” Many of the “proposals appear to push the military into territory that traditionally has been the domain of the CIA, raising questions about whether such missions would be subject to the same legal restraints imposed on CIA activities.” According to the Chairman of the DSB, “The CIA executes the plans but they use Department of Defense assets.”

Specifically, the plan “recommends the creation of a super-Intelligence Support Activity, an organization it dubs the Proactive, Preemptive Operations Group (P2OG), to bring together CIA and military covert action, information warfare, intelligence and cover and deception. For example, the Pentagon and CIA would work together to increase human intelligence (HUMINT) forward/operational presence and to deploy new clandestine technical capabilities.” The purpose of P2OG would be in “‘stimulating reactions’ among terrorists and states possessing weapons of mass destruction, meaning it would prod terrorist cells into action, thus exposing them to ‘quick-response’ attacks by US forces.”[2] In other words, commit terror to incite terror, in order to react to terror.

The Los Angeles Times reported in 2002 that, “The Defense Department is building up an elite secret army with resources stretching across the full spectrum of covert capabilities. New organizations are being created. The missions of existing units are being revised,” and quoted then-Defense Secretary Donald Rumsfeld as saying, “Prevention and preemption are … the only defense against terrorism.”[3] Chris Floyd bluntly described P2OG in CounterPunch, saying, “the United States government is planning to use “cover and deception” and secret military operations to provoke murderous terrorist attacks on innocent people. Let’s say it again: Donald Rumsfeld, Dick Cheney, George W. Bush and the other members of the unelected regime in Washington plan to deliberately foment the murder of innocent people–your family, your friends, your lovers, you–in order to further their geopolitical ambitions.”[4]

“The Troubles” with Iraq

Read moreState-Sponsored Terror: British and American Black Ops in Iraq

US called Waterboarding a War Crime in 1947

Mukasey Won’t Say Waterboarding Is Torture. But in 1947 the U.S. Called It a War Crime, Sentenced Enemy Officer to 15 Years Hard Labor

Immoral Relativism: George Bush’s nomination of Michael Mukasey for U.S. attorney general – once thought to be smooth sailing – is experiencing a bit of turbulence. The problem is, Mukasey can’t bring himself to say whether or not waterboarding is torture:

During his confirmation hearings earlier this month, Mukasey said he believes torture violates the Constitution, but he refused to be pinned down on whether he believes specific interrogation techniques, such as waterboarding, are constitutional.

“I don’t know what’s involved in the techniques. If waterboarding is torture, torture is not constitutional,” he said.

But after World War II, the United States government was quite clear about the fact that waterboarding was torture, at least when it was done to U.S. citizens:

[In] 1947, the United States charged a Japanese officer, Yukio Asano, with war crimes for carrying out another form of waterboarding on a U.S. civilian. The subject was strapped on a stretcher that was tilted so that his feet were in the air and head near the floor, and small amounts of water were poured over his face, leaving him gasping for air until he agreed to talk.

“Asano was sentenced to 15 years of hard labor,” Sen. Edward M. Kennedy (D-Mass.) told his colleagues last Thursday during the debate on military commissions legislation. “We punished people with 15 years of hard labor when waterboarding was used against Americans in World War II,” he said.

Mukasey’s non-answer has raised doubts among Democrats, and even some Republicans, on the Senate Judiciary Committee:

[The] Democrats on the committee signed a joint letter to Mukasey, making sure that he knew what’s involved, and demanded an answer to the question as to whether waterboarding is torture.

Then two days later, the doubts grew louder. Two key Democrats, Senate Judiciary Committee Chairman Patrick Leahy (D-VT ) and Sen. Dick Durbin (D-IL) both said publicly that their votes depended on Mukasey’s answer to the waterboarding question.

Then it was Sen. John McCain (R-AZ) who saw an opening after Rudy Giuliani refused to call waterboarding torture (“It depends on who does it.”). Most certainly it’s torture, McCain said. When pressed, he stopped short of saying that he would oppose Mukasey’s nomination if he didn’t say the same, but he added to the chorus of those who professed to be interested in what Mukasey’s answer to follow-up questions will be.

Yesterday, Sen. Lindsay Graham (R-SC) said that if Mukasey “does not believe that waterboarding is illegal, then that would really put doubts in my own mind.”

[Sen.] Arlen Specter (R-PA) has also thrown in his lot of doubts and concerns.

Of course, if the past is a guide, Mukasey will easily win nomination, and nearly all these senators who have expressed concern will vote for him.

Waterboarding has become an isssue because the Bush White House signed off on it as an interrogation technique – and thus moved the United States into the company of pariah states that permit torture – after the 9/11 attacks.

Source: Pensito Review

Israel May Attack Iran, Pentagon Official Tells ABC

July 1 (Bloomberg) — Israel is increasingly likely to attack Iranian nuclear facilities this year, a U.S. Defense Department official told ABC News.

Iran’s government dismissed as propaganda the ABC report on the unidentified Pentagon official’s comments. Israeli government officials declined to comment on the report.

In the U.S., Pentagon spokesmen Bryan Whitman declined to address the report. “I don’t comment for Israel,” he said. State Department spokesman Tom Casey said he had “no information that would substantiate” the ABC report and criticized the official for not speaking publicly.

An Israeli strike might be triggered by the production of enough enriched uranium at Iran’s Natanz nuclear plant to make a bomb, ABC cited the official as saying. A second possible trigger would be the delivery of a Russian SA-20 air-defense system, the installation of which would make an Israeli attack more difficult, the U.S. official told ABC.

Oil rose on concern any conflict would cut supplies from OPEC’s second-largest producer. Crude oil for August delivery increased as much as $2.95, or 2.1 percent, to $142.95 a barrel in electronic trading on the New York Mercantile Exchange.

Former Israeli Air Force General Isaac Ben-Israel, now a lawmaker in Israel’s ruling Kadima party, told Germany’s Spiegel that his nation is “prepared” for an attack if diplomacy and United Nations sanctions fail to stop Iran from making a nuclear weapon. Ben-Israel helped plan Israel’s 1981 strike on an Iraqi nuclear reactor, the magazine said.

Before Bush Leaves

A strike on Natanz would only temporarily damage Iran’s nuclear program and could spark a wave of attacks on U.S. interests, ABC said in yesterday’s report, citing unidentified Pentagon officials. The U.S. and many of its allies have accused Iran of trying to develop nuclear weapons. Iran insists its production of enriched uranium is intended to produce electricity and is legal under the nuclear Non-Proliferation Treaty.

Ron Paul also says what Iran does is “perfectly legal”!

This is a very important Video!

Ron Paul on Iran and Energy June 26, 2008


Source: You Tube

The Israeli government may want an attack to take place before President George W. Bush leaves office, Ephraim Kam, deputy director of the Institute for National Security Studies in Tel Aviv, said today in a telephone interview.

“There is no doubt that such an operation is being considered, but it’s not going to happen tomorrow,” Kam said. “We still have some time. The Bush administration may be more sympathetic to an Israeli operation against Iran than whoever the next president may be, so it could happen before the end of the year.”

Israeli Maneuvers

More than 100 Israeli F-16 and F-15 fighter planes took part in maneuvers over the eastern Mediterranean and Greece during the first week of June, the New York Times reported on June 20. Admiral Mike Mullen, chairman of the U.S. Joint Chiefs of Staff, was in Israel last weekend for meetings with Israeli military leaders, ABC said.

Read moreIsrael May Attack Iran, Pentagon Official Tells ABC