Tuesday, 30 November 2010 10:43
Tuesday, 30 November 2010 10:39
'Spreads on Italian and Belgian bonds jumped to a post-EMU high as the sell-off moved beyond the battered trio of Ireland, Portugal, and Spain, raising concerns that the crisis could start to turn systemic. It was the worst single day in Mediterranean markets since the launch of monetary union.
The euro fell sharply to a two-month low of €1.3064 against the dollar, while bourses slid across the world. The FTSE 100 fell almost 118 points to 5,550, while the Dow was off 120 points in early trading.'
Read more: Contagion Strikes Italy as Ireland Bail-out Fails to Calm Markets
Tuesday, 30 November 2010 10:13
'It does not surprise me that the Obama Administration responds to the backlash against the unconstitutional fourth amendment violating TSA screening measures by blacklisting air travelers who object to the over reaching intrusive searches at the airports. They are trying to send a chilling effect not to protest the TSA groping and body scanners that has the public in an uproar.
Will they add them to a list were you can not buy a new car, apply for employment or do business. Will people be put on this list that will make life hard to function because the government has blackballed people who objected to the abusive TSA. These secretive list shows the abusive executive branch bypassing the courts and due process blacklisting their political enemies and opposition.'
Tuesday, 30 November 2010 09:52
'Obama’s Mother worked for Tim Geithner’s Dad, who headed micro financing in Asia, when she started micro financing in Asia for the Ford Foundation. So Geithner will be at the Treasury as long as he wants to be. Hank Paulson, not a deep thinker, rarely noticed the money supply, but paid close attention to his own and his friends’ immediate bonuses. Bernanke made sure that the amount of fresh money printed was equal to expected Wall Street bonuses.
Arrogant and ignorant, Bernanke says the best thing about his job is not having to go through airline security like the rest of us. These members of the power elites may default on all federal debt. Or, more likely, Bernanke will burn up the presses printing debased dollars while he fearlessly fulfills his hyperinflation mission.'
Listen here: Lew Rockwell Radio Show: A Rodeo Clown Is Running the American Economy
Tuesday, 30 November 2010 09:32
GM Motors' Ed Whiittaker's Commercial on how GM have paid back the tarp loan in full and with interest five years ahead of schedule.
If he had been telling the truth this is how the commercial would have looked.
Tuesday, 30 November 2010 09:19
'Passengers may be unhappy over long lines and enhanced security at the airports, but it’s a feeling shared by many at TSA.
“There’s a lot more tension both by officers, fellow officers, and passengers,” one Pittsburgh TSA officer told KDKA’s Jon Delano in an exclusive interview. TSA officers don’t like the new aggressive pat-downs of passengers either. “I truly feel that it is morally and ethically wrong to do it,” the agent noted. “This does not make flying safer. It’s just taking away American citizens rights".'
Read more: TSA Agent Speaks Out About Uselessness of New Pat Downs
Tuesday, 30 November 2010 09:10
'The government terror campaign against innocent civilians continues with a recent report in the Santa Fe New Mexican about a September raid on a small farming school that left children and administrators in shock. According to the report, officials paid a surprise and unwarranted visit to the Camino de Paz Montessori School and Farm in Cuarteles, New Mexico, on September 21 to search for marijuana -- but they ended up needlessly terrorizing small children and finding only tomato plants in the process.'
THOUGHT FOR THE DAY!
THE COMPLETE IDIOT'S GUIDE TO WIKILEAKS LATEST DOCUMENT DUMP
Michael Rivero
Wikileaks, following much media fanfare (reason for suspicion right there) has just released a huge number of documents supposedly leaked to WikiLeaks and no other websites'. The media is denouncing this as a threat to the United States while US politicians wring their hands and wonder when they will be free of the curse of the First Amendment and all that troublesome nonsense about Freedom of Speech. Many observers think this is a propaganda set up and that neither Julian Assange or WikiLaeks should be taken at face value. After all, Julian Assange keeps insisting there was no 9-11 conspiracy and the 9-11 truth movement a "distraction." Apparently Julian Assange has patented conspiracy and nobody else may expose one except himself!
Of course, there is really not that much that is new in this latest dump. Like prior WikiLeaks dumps, most of it is old news mixed with some rather dubious claims. In his last such dump,Julian Assange included a claim that Osama bin Laden is still alive and controlling Al Qaeda.Of course, it is well documented outside the United States that Osama bin Laden has been dead for many years and that Al Qaeda itself is a fake front group created to hoax Americans into endless wars of conquest, much as the fictional Emmanuel Goldstein was used in George Orwell's "1984."
In yet another infamous propaganda attempt, WikiLeaks tried to claim that weapons of mass destruction had been found in Iraq, justifying the invasion. No such weapons were ever found.
As for the present batch of documents, again it is a rehash of stories already known to the blog-o-sphere. Even those people who did not know US diplomats spy on their United Nations counterparts did not find it surprising or in any way a new idea.
So what is the real purpose of Assange's little charade? Propaganda.
Propaganda is like rat poison. 95% of it is tasty, healthy food. But the purpose is to get you to swallow the poison. The same is true of the WikiLeaks document dump. The bait are all these old stories which we already knew about, used to convince us that the entire pile is "tasty, healthy food," except that it isn't. Buried in the pile of delicious, albeit past the expiration date morsels are the bits of poison which the US Government knows you will no longer accept at face value from the controlled media, but hope you will eat if handed to you by a con artist posing as hostile to the government.
So, given that 95% of the current WikiLeaks is really old news, as a public service I will point out the bits of poison that Julian hopes you will eat.
1. Iran is bad so you should all want to kill them.
2. Saudi Arabia is bad because they are funding Al Qaeda so you should all want to kill them.
3. North Korea is bad because they gave really long range missiles to Iran for Iran to put their nuclear warheads in, so you should all want to kill them.
4. China is messing with your computers, so you should all want to kill them.
That about sums it up. Oh yes, there is nothing negative about Israel in all these diplomatic messages, an impossibility given the lethal Israeli attack on the Aid Flotilla last May. That suggests who Assange really works for.
Funny thing about rat poison. After a while the rats learn to eat the food and leave the poison behind.
Monday, 29 November 2010 11:32
'As government ministers from more than 190 countries gather today in the Mexican city of Cancun for the start of talks aimed at minimising the impact of climate change, the need for a deal could scarcely be more pressing. The stakes are high, the expectations are low.
There is scant sign of the dramatic cuts in emissions of greenhouse gases needed to stop global warming exceeding 2C and devastating vast areas of the planet.
Failure to achieve meaningful progress could seal the fate of hundreds of millions of people living in some of the poorest parts of the world and in greatest danger from rising sea levels, drought and famine.'
Read more: 190 Countries In Cancun For Climate Change Scam
Monday, 29 November 2010 10:56
'The emphasis in the plan is to avoid drawing down money from the bailout and rely in the first place on money from the Pension Reserve Fund for the banks, and on the €20bn the state borrowed earlier this year to part-fund next year’s national budget.
Economist at the Economic and Social Research Institute, John FitzGerald, said he believed it would be a good idea to use the money in the pensions fund to recapitalise the banks, and keep the EU/IMF funds in reserve in case they needed further money later.
"Using the €20bn in cash we have first would be good for the country in the short run. It would leave the opening debt for 2012 €20bn lower and interest payments would be €1bn less. It would also leave the national debt lower than forecast at the end of next year," he said.'
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