Big Brother database recording all our calls, texts and e-mails will ‘ruin British way of life’

Plans for a massive database snooping on the entire population were condemned yesterday as a ‘step too far for the British way of life’.

In an Orwellian move, the Home Office is proposing to detail every phone call, e-mail, text message, internet search and online purchase in the fight against terrorism and other serious crime.

But the privacy watchdog, Information Commissioner Richard Thomas, warned that the public’s traditional freedoms were under grave threat from creeping state surveillance.


Big Brother: Critics warn our surveillance culture is going too far

Apart from the Government’s inability to hold data securely, he said the proposals raised ‘grave questions’.

Read moreBig Brother database recording all our calls, texts and e-mails will ‘ruin British way of life’

Recession-Plagued Nation Demands New Bubble To Invest In

If the situation would not be so damn serious, this would be very funny.
Maybe it’s still funny, if you “Always look on the bright side of life”.

Related video: –
How the markets really work

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WASHINGTON – A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.

“What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future,” said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. “We are in a crisis, and that crisis demands an unviable short-term solution.”


A prominent finance expert asks Congress to help Americans rebuild their ficticious dreams.

The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short time with imaginary profits from bad real-estate deals has disappeared, the need for another spontaneous make-believe source of wealth has never been more urgent.

“Perhaps the new bubble could have something to do with watching movies on cell phones,” said investment banker Greg Carlisle of the New York firm Carlisle, Shaloe & Graves. “Or, say, medicine, or shipping. Or clouds. The manner of bubble isn’t important-just as long as it creates a hugely overvalued market based on nothing more than whimsical fantasy and saddled with the potential for a long-term accrual of debts that will never be paid back, thereby unleashing a ripple effect that will take nearly a decade to correct.”

“The U.S. economy cannot survive on sound investments alone,” Carlisle added.

Read moreRecession-Plagued Nation Demands New Bubble To Invest In

Jim Rogers: Fannie Plan a `Disaster’; Goldman Says Sell

The U.S. economy is in a recession, possibly the worst since World War II, Rogers said.

“They’re ruining what has been one of the greatest economies in the world,” Rogers said. Bernanke and Paulson “are bailing out their friends on Wall Street but there are 300 million Americans that are going to have to pay for this.”

July 14 (Bloomberg) — The U.S. Treasury Department’s plan to shore up Fannie Mae and Freddie Mac is an “unmitigated disaster” and the largest U.S. mortgage lenders are “basically insolvent,” according to investor Jim Rogers.

Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson‘s request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac, Rogers said in a Bloomberg Television interview. Rogers is betting that Fannie Mae shares will keep tumbling.

Goldman Sachs Group Inc. analyst Daniel Zimmerman said the mortgage finance companies’ shares may fall another 35 percent and lowered his share-price estimate for Fannie Mae to $7 from $18 and for Freddie Mac to $5 from $17. Freddie Mac fell 64 cents, or 8.3 percent, to $7.11 in New York Stock Exchange trading, while Fannie Mae fell 52 cents, or 5.1 percent, to $9.73.

“I don’t know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie Mae,” Rogers, 65, said in an interview from Singapore. “So we’re going to bail out everybody else in the world. And it ruins the Federal Reserve’s balance sheet and it makes the dollar more vulnerable and it increases inflation.”

The chairman of Rogers Holdings, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, also said the commodities bull market has a “long way to go” and advised buying agricultural commodities.

`Solvency Crisis’

Read moreJim Rogers: Fannie Plan a `Disaster’; Goldman Says Sell

Fed: No more bailouts, except Fannie Mae and Freddie Mac

This is article very important, because…
“The credit crisis has obviously entered into a new phase – the government has one bailout left in them, and this is it,” said Jeffrey Gundlach, chief investment officer of TCW Group in Los Angeles, which invests $160 billion.
And now all the related articles below make much more sense and here comes the meltdown of the financial markets.
If you do not know how to prepare yourself: Solution
If you want to know more on what is going on: World Situation
Take care. – The Infinite Unknown

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NEW YORK – The U.S. government is signaling it won’t throw a lifeline to struggling financial companies – except for mortgage linchpins Fannie Mae and Freddie Mac – marking a shift to a new and potentially more volatile phase of the credit crisis.

Such an approach could mean beaten-down investment banks like Lehman Brothers Holdings Inc. and regional banks must now fend for themselves as they try to recover from billions of dollars in mortgage-related losses. That is bound to unnerve an already turbulent Wall Street and make investors even more anxious as they await financial companies’ earnings reports that are expected to be down a stunning 69 percent from a year ago when all the numbers are in.

Related articles and videos:
More Than 300 US Banks to Fail, Says RBC Capital Markets Analyst
Run on banks spells big trouble for US Treasury
US: Total Crash of the Entire Financial System Expected, Say Experts
The Dollar is doomed and the Fed will fail
Fannie, Freddie insolvent, Poole tells Bloomberg
Foreclosures Rose 53% in June, Bank Seizures Triple
Small Banks: Billions in Troubled Construction Loans
Financial market losses could top 1,600 billion dollars: report
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
This recession could easily tip into a depression

And, for consumers already squeezed by tightening credit standards, it could mean getting a mortgage will become even harder.

Read moreFed: No more bailouts, except Fannie Mae and Freddie Mac

President George W Bush backs Israeli plan for strike on Iran

As Tehran tests new missiles, America believes only a show of force can deter President Ahmadinejad


President George W Bush: US officials acknowledge that no American president can afford to remain idle if Israel is threatened

President George W Bush has told the Israeli government that he may be prepared to approve a future military strike on Iranian nuclear facilities if negotiations with Tehran break down, according to a senior Pentagon official.

Despite the opposition of his own generals and widespread scepticism that America is ready to risk the military, political and economic consequences of an airborne strike on Iran, the president has given an “amber light” to an Israeli plan to attack Iran’s main nuclear sites with long-range bombing sorties, the official told The Sunday Times.

“Amber means get on with your preparations, stand by for immediate attack and tell us when you’re ready,” the official said. But the Israelis have also been told that they can expect no help from American forces and will not be able to use US military bases in Iraq for logistical support.

Nor is it certain that Bush’s amber light would ever turn to green without irrefutable evidence of lethal Iranian hostility. Tehran’s test launches of medium-range ballistic missiles last week were seen in Washington as provocative and poorly judged, but both the Pentagon and the CIA concluded that they did not represent an immediate threat of attack against Israeli or US targets.

“It’s really all down to the Israelis,” the Pentagon official added. “This administration will not attack Iran. This has already been decided. But the president is really preoccupied with the nuclear threat against Israel and I know he doesn’t believe that anything but force will deter Iran.”

The official added that Israel had not so far presented Bush with a convincing military proposal. “If there is no solid plan, the amber will never turn to green,” he said.

There was also resistance inside the Pentagon from officers concerned about Iranian retaliation. “The uniform people are opposed to the attack plans, mainly because they think it will endanger our soldiers in Iraq and Afghanistan,” the source said.

Read morePresident George W Bush backs Israeli plan for strike on Iran

The Great Biofuels Con

According to the World Bank’s top economist, Don Mitchell, biofuels had been responsible for three-quarters of the 140 per cent rise in world food prices between 2002 and 2008. It was this that last October prompted Jean Ziegler, the UN’s “special rapporteur on the right to food”, to comment that biofuels could only bring “more hunger to the poor people of the world” and were a “crime against humanity”.
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A field of rapeseed in England and Africans reveive food relief
Yellow peril: while Britain’s farmers are encouraged to turn their fields over to rapeseed for biofuels, the world food crisis has driven people in Ethiopia to the brink of starvation

Rarely in political history can there have been such a rapid and dramatic reversal of a received wisdom as we have seen in the past 18 months over biofuels – the cropping of living plants, such as soya beans, wheat and sugar cane, to generate energy.

Two years ago biofuels were still being hailed as a dream solution to what was seen as one of the most urgent problems confronting mankind – our dependence on fossil fuels, which are not only finite but seemed to be threatening the world with the catastrophe of global warming.

Read moreThe Great Biofuels Con

Red Cross finds Bush administration guilty of war crimes

In a secret report last year, the Red Cross found evidence of the CIA using torture on prisoners that would make the Bush administration guilty of war crimes, The New York Times reported Friday.

The Red Cross determined the culpability of the Bush administration after interviewing prisoners at Guantanamo Bay, according to the article.

Prisoner Abu Zubaydahwho said he had been waterboarded, “slammed against the walls” and confined in boxes “so small he said he had to double up his limbs in the fetal position.”

The information comes from a new book written by Jane Meyer, who has frequently published articles concerning counter-terrorism in The New Yorker.

The book is titled “The Dark Side: The Inside Story of How the War on Terror Turned Into a War on American Ideals,” and will be released next week.

Mayer cited “sources familiar with the report” to explain the confidential document as a warning “that the abuse constituted war crimes, placing the highest officials in the U.S. government in jeopardy of being prosecuted.”

Read moreRed Cross finds Bush administration guilty of war crimes

Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds

$376 Billion in Chinese Agency Bond Holdings Subject to Taxpayer Bailout Proposals According to FreedomWorks Analysts

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) — As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury’s most recent “Report on Foreign Portfolio Holdings of U.S. Securities.”

FreedomWorks President Matt Kibbe commented, “The prospectus for every GSE bond clearly states that it is not backed by the United States government. That’s why investors holding agency bonds already receive a significant risk premium over Treasuries.”

“A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors.”

“A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in American history. It is bad economics and you can be sure it is terrible politics.”

SOURCE: FreedomWorks
Last update: 11:08 a.m. EDT July 11, 2008

Source: Market Watch

Ghost Ships

Brothers that live when we are dead,
don’t set yourself against us too.
If you could pity us instead,
then God may sooner pity you.
We five or six strung up to view,
dangling the flesh we fed so well,
are eaten piecemeal, rot and smell.
We bones in a fine dust shall fall.
No one make that a laugh to tell:
pray God may save us one and all.

The United States is operating “floating prisons” to house those arrested in its war on terror, according to human rights lawyers, who claim there has been an attempt to conceal the numbers and whereabouts of detainees.

Details of ships where detainees have been held and sites allegedly being used in countries across the world have been compiled as the debate over detention without trial intensifies on both sides of the Atlantic. The US government has been urged to list the names and whereabouts of all those detained.

Alexa :: Ghost Ships

Since 2006, when Stephen Gray’s revelations of Ghost Planes confirmed the suspicions of human rights activists, we have known that our government kidnaps and tortures “suspicious” individuals as a matter of routine. Extraordinary rendition is the NewSpeak term used when this practice is denied. The denials and non-denials have become a mockery, a stain on the soul of America, when the truth is brought to light by an individual such as Maher Arar, who lived to bear witness.

And then they would take me back to the interrogation room. Again another set of questions, and the beating starts again and again. On the third day the beating was the worst. They beat me a lot with the cable. And they wanted me to confess that I have been to Afghanistan. This was a big surprise to me because even the Americans who interviewed me, the FBI officials who interviewed me, did not ask me that question. I ended up falsely confessing in order to stop the torture. The torture decreased in intensity.From that moment on they rarely used the cable. Mostly they slapped me on the face, they kicked me, they humiliated me all the time.

The first 10 days of my stay in Syria was extremely harsh and during that period I found my cell to be a refuge. I didn’t want to see their faces. But later on living in that cell was horrible. And just to give you an idea about how painful it is to stay in that place–I was ready after a couple of months, I was ready to sign any piece of document for me, not to be released, just to go to another place where it is fit for human being.

Stephen Grey, investigative journalist, exposed the CIA’s ghost planes with actual flight logs from the air carriers and photographs from hobby “plane spotters.” The flight logs were proof.

Proof of kidnapping and torture of so-called suspicious persons? Highly inconvenient for the Torture Administration. They may have started the ghost ships before, but certainly, they have used them extensively as an alternative to air torture and rendition — and as a matter of expedience.

Read moreGhost Ships

Kucinich: Demand that Congress Issue Subpoenas for Continuity of Government Plans

Congressman Kucinich – who is leading the charge for impeachment – says that the American people must pressure Congress every day to get to find out about continuity of government (COG). If you don’t know what COG is, read this.

Kucinich said Congress has tried to find out whether COG plans implemented on 9/11 are still in effect, and what those plans are, but the White House has stonewalled. He suggests that Americans demand that congress issue subpoenas to determine whether COG plans are currently in effect, and to find out what’s in the documents. This is the only way we’ll find out.

John Conyers has been issuing subpoenas on other issues, which may be important. However, what could be more important for Congress than determining whether or not the Constitution is still the controlling document for our country? What could be more important for Congress than determining whether COG planning documents strip Congress of its power, and give sole power to the executive branch?

Demand that congress issue subpoenas and — more importantly — hold everyone subpoenaed person — including Bush, Cheney, Mukasey, Chertoff, etc. — in contempt (and throw them in jail!) if they don’t respond.

Saturday, July 12, 2008

Source: George Washington’s Blog