NATO helicopters and fighter jets attacked two military outposts in northwest Pakistan on Saturday, killing as many as 28 troops and plunging U.S.-Pakistan relations, already deeply frayed, further into crisis.
Pakistan retaliated by shutting down vital NATO supply routes into Afghanistan, used for sending in almost half of the alliance’s non-lethal materiel.
The attack is the worst single incident of its kind since Pakistan uneasily allied itself with Washington in the days immediately following the Sept 11, 2001 attacks on U.S. targets.
Relations between the United States and Pakistan, its ally in the war on militancy, have been strained following the killing of al Qaeda leader Osama bin Laden by U.S. special forces in a raid on the Pakistani garrison town of Abbottabad in May, which Pakistan called a flagrant violation of sovereignty.
Imagine you are Ben Bernanke, or on the Board of Governors of the Federal Reserve. The time frame is July and August of 2011 and the price of gold is on a tear. Commodities inflation has been persistent and is breaking out everywhere. Your prediction that inflation “is contained” and is a “temporary phenomena” are beginning to look absurd. What do you do?
Simple. Hint that QE3, the primary drive of inflation, is coming and then fail to deliver at the September FOMC meeting. That takes care of the price of gold and the gold stocks. Ah, but those pesky commodities speculators keep making money and trading against what you want the markets to do. So what is to be done there? Hey Jon Corzine, how about you tank the largest broker for the small commodities punters in the world, and we let them twist in the wind? That will serve them right. Teach them to bet against the government approved scenario.
Think it did not happen? Well think again. All of the pieces fit. It sure is convenient that all those commodities speculators are now out of the box. Also, who will want to speculate on commodities in the future given customer funds are no longer protected. Furthermore, commodities speculators are not a very “All American” group. From the authorities point of view they can say: screw them, who will feel sympathy? Hell, James Bullard, Fed Governor, in an interview on CNBC yesterday said the MF Global collapse proves that the system works. Yes it does Jim, for you. Personally, I have $90,000 at MF Global and I would like to have my honestly earned money returned. Unfortunately, the odds of that happening any time soon seem slim. In part because when MF Global entered bankruptcy the judge appointed a Trustee whose law firm has done substantial work for JP Morgan, a deeply interested party. We will probably never find out what happened here. But for those of us whose eyes are open the results speak for themselves.
This whole mess stinks to high heaven. I am with Gerald Celente, if the largest commodity broker in America can go bankrupt and nothing is done, then where can you put your money and expect it to be safe? I, for one, do not accept that Jon Corzine is stupid enough to lever up MF Global 40:1 and use the proceeds and customer money to bet on European sovereign debt. This was a hit, pure and simple. That is why there is no resolution to the problem, and it is just another example of the deeply corrupt US political/financial axis. It may take money away from a bunch of commodities speculators, and it may cool down the perceived inflation, but it is just another hole in the dike which is The US Financial System. A dike whose life can probably now be measured in months, not years.
Från vad jag har hört så ligger nu siffran på försvunna pengar på 3 miljarder dollar!
(3 Billion Dollars)
Och ja det var stulet ur privata kunders "bankfack".
We now know what those six Russian warships that reportedly entered Syrian territorial waters last week were carrying. Aside from representing a show of strength to discourage NATO powers from launching a military attack, on board were Russian technical experts ready to help Damascus set up a sophisticated missile defense system sold to them by Moscow.
“Russian warships that have reached waters off Syria in recent days were carrying, among other things, Russian technical advisors who will help the Syrians set up an array of S-300 missiles Damascus has received in recent weeks, a report in the London-based Arabic language Al Quds-Al Arabi said Thursday. Citing sources in Syria and Russia, the paper said that Moscow sees a Western attack on Syria as a “red line” that it will not tolerate,” reports Arutz Sheva.
The S-300 missiles, which according to the report will be used to “deflect a possible attack by NATO or the U.S. and EU,” are long range surface-to-air missiles developed by Russia in 1979 for the purpose of protecting large industrial and military bases from enemy attack aircraft and cruise missiles.
The system is widely regarded as one of the most powerful anti-aircraft arrays in modern warfare, having the ability to track up to 100 targets and engage 12 at any one time. Russia recently tried to sell the same system to Iran but the transaction was halted after pressure from the U.S. and Israel.
Arming Syria with such a proficient means of aerial defense would obviously not bode well for any prospective “no fly zone” being planned by western powers. Reports have been circulating this week that fighter jets from Turkey and other Arab states would soon enter Syrian airspace under “humanitarian” pretenses with logistical aid from the United States.
“Along with the missiles, the report says that Russia has installed advanced radar systems in all key Syrian military and industrial installations. The radar system also covers areas north and south of Syria, where it will be able to detect movement of troops or aircraft towards the Syrian border. The radar targets include much of Israel, as well as the Incirlik military base in Turkey, which is used by NATO,” states the report.
French foreign minister Alain Juppé yesterday assured Syrian opposition forces that NATO powers are planning to launch a military intervention by imposing “humanitarian corridors or humanitarian zones” in the name of protecting civilians from the alleged abuses of the al-Assad regime.
Tensions also escalated yesterday after the U.S. Embassy in Damascus urged its citizens to leave Syria “immediately,” while Turkey’s foreign ministry told its citizens to avoid traveling through the country on their return home from Saudi Arabia.
As we have previously noted, attacking Syria could merely be an entrée for an assault on Iran because Tehran has promised to defend its ally.
Over $600 million dollars in customer funds that was transferred out of MF Global in a wave of suspicious trades before the collapse of the financial broker has now been declared “missing,” despite the fact that reports earlier in the month stated the money had been placed in an account with Wall Street giant JP Morgan.
As we reported yesterday, clients of MF Global and its subsidiaries, including prominent trends forecaster Gerald Celente, were shocked to learn that their accounts had been emptied by Chapter 11 trustees. The looting took place in the days before MF Global’s collapse following revelations that the broker was exposed to crisis-hit European debt bonds.
However, weeks beforehand, billionaire investors like the Koch brothers had the miraculous foresight to withdraw all their money, prompting accusations that big players got a ‘heads up’ in advance of the firm’s collapse.
“The missing $600 million has still not been located despite an army of regulators, investigators, lawyers and others descending on the disgraced futures brokerage to conduct a search. Judging from media reports, people are still at a complete loss to explain how so much in client money could just disappear,” reports Fierce Finance.
News reports concerning the notion that the money has seemingly vanished into thin air are absent any mention of prior reports that confirmed the funds had been deposited with JP Morgan Chase.
Citing a report in the Wall Street Journal, Fox Business also reported that MF Global, “recently discovered that about $659 million of its customer segregated accounts resided in an account at banking heavyweight JPMorgan Chase (JPM).”
However, after JP Morgan claimed the funds found in its account “isn’t the missing money” stolen from MF Global clients, the story went cold, despite MF Global executives claiming otherwise. Either MF Global or JP Morgan are telling porkies.
The lawyer for James Giddens, the trustee supervising the liquidation of the MF Global, said “Exactly what happened, I don’t think anyone knows,” in reference to the missing $600 million.
Thousands of irate customers have been told they will only get around 60 per cent of the money back that was in their accounts, a total release of $520 million, despite the fact that Giddens has access to more than $1.4 billion.
Något förhöjda nivåer av det radioaktiva ämnet jod131 har mätts upp i Europa. Nivåerna är mycket låga och utgör ingen fara för människor eller miljö.
Internationella atomenergiorganet (IAEA) har fått rapporter från den tjeckiska motsvarigheten till Strålsäkerhetsmyndigheten att mycket låga nivåer av det radioaktiva ämnet jod-131 har uppmätts vid tjeckiska luftfilterstationer. IAEA arbetar för närvarande med att ta reda på orsaken till de förhöjda mätvärdena.
Liknande mätresultat har inkommit från andra europeiska länder, bland annat Sverige där Totalförsvarets forskningsinstitut (FOI) har uppmätt något förhöjda värden.
IAEA anser inte att de uppmätta nivåerna utgör någon risk för människa eller miljö. IAEA skriver på sin webbplats att mätresultaten inte har med vårens kärnkraftsolycka i japanska Fukushima att göra.
Days before the doomed financial broker filed for bankruptcy, MF Global conducted “unexplained wire transfers” that led to a $900 million shortfall in client funds, leading customers like Gerald Celente to learn that their accounts had been looted and setting the precedent for internal bank runs as more big firms go bust.
According to Bloomberg, “Examiners from CME Group Inc., the world’s largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall in client funds during the weekend the failing broker was talking with possible buyers, a person briefed on the matter said.”
CME noticed the missing funds on October 30, but MF Global didn’t inform the Commodity Futures Trading Commission until the day after, suggesting that the transfers were made, “in a manner that may have been designed to avoid detection,” according to CME.
The suspicious cash movements are now being probed by the U.S. Justice Department.
MF Global trustee James Giddens said in a court filing yesterday that customers would get back 60 per cent of their account funds, prompting fury amongst clients, many of whom used their accounts for business collateral and living expenses.
Although individuals were burned by the broker’s downfall, larger clients were protected from the fallout because they had the miraculous fortune of withdrawing all their funds just weeks before the collapse.
“Both the Commodity Futures Trading Commission and the Chicago Mercantile Exchange were charged with overseeing MF Global, their clearing member. If we are to believe them, they had no idea of any difficulties within the firm before customer accounts went missing just a few days before the collapse. But someone clearly knew of the cratering positions and imminent collapse of MF Global, as billions of dollars of accounts were “coincidentally” withdrawn,” writes Huffington Post’s Daniel Dicker, noting how funds in accounts owned by the billionaire Koch brothers were withdrawn just in time, clearly suggesting that big players got a “heads up” that MF Global was going down.
Although the collapse of MF Global was assured when it came to light that the broker was heavily exposed to the European debt crisis, causing the broker’s stock price to plummet, Fox Business reports that numerous circumstances indicate the downfall was in the works weeks before, drawing attention to the fact that employees didn’t receive commissions for the third quarter and were fired two weeks before the firm filed for bankruptcy.
One of the victims of the scandal, popular trends forecaster Gerald Celente, joined Alex Jones on Infowars Nightly News to detail how a six figure sum was looted from his gold futures account, which, unbeknownst to Celente, was being held under the auspices of an MF Global subsidiary.
As the Financial Times reported, the hundreds of millions in looted funds from customers’ accounts later “turned up at JPMorgan Chase, the failed broker-dealer’s custody bank.”
Despite his account being fully funded, Celente was hit by a margin call as Chapter 11 trustees stepped in to take control of his funds, leaving his account empty thereby closing his positions and preventing him from taking physical delivery of his gold which was due in December. When Celente rejected demands to transfer more money into the account it was hastily closed.
Speaking with Alex Jones, Celente expressed his fury at the move, labeling it an example of “economic martial law,” and speculating that the real reason for the looting was because the broker never had the gold and silver to deliver in the first place.
Celente encouraged Americans to cash out of all gold ETFs and withdraw their funds from the bank because “they are going to steal all our money”.
The trends forecaster savaged MF Global CEO Jon Corzine, labeling him a “cheap SOB” who was responsible for the collapse because of his using customer funds to bet on losing European bonds.
“How come he’s not in jail, because he’s one of the white shoe boys from the Goldman Sachs crowd,” Celente fumed, going so far as to say Corzine “should have died” in his recent car accident.
Celente said that he had sufficient funds stored in a safe place that could not be looted and that if anyone did try to steal them and threaten his life he wouldn’t hesitate to ‘blow their brains out’.
Celente reiterated his plea to Americans to withdraw all their money from the banks and leave only operating capital in their accounts, warning that “the merger of state and corporate powers” has brought “fascism” to America.
The black flag of Al Qaeda was hoisted in Libya yesterday as Nato formally ended its military campaign.
The standard fluttered from the roof of the courthouse in Benghazi, where the country’s new rulers have imposed sharia law since seizing power.
Seen as the seat of the revolution, the judicial building was used by rebel forces to establish their provisional government and media centre.
Change of regime? A trademark Al Qaeda flag was seen flying over Benghazi’s courthouse last week
Flying high: The Al Qaeda flag, with Arabic writing and a moon design, can be seen flying alongside a Libyan national flag above Benghazi’s courthouse
The flag has been spotted on the courthouse several times, prompting denials from the National Transitional Council that it was responsible.
And see this, this and this.Congressman Dennis Kucinich said recently:
What is going on in America? On the one hand, we have soldiers dying in Afghanistan fighting Al Qaeda. On the other hand, we just helped a group of people take over Libya and the Al Qaeda flag is flying over their capital city headquarters.
What are we doing? It is time for America to get its story and its priorities straight about what we stand for as a nation. Its time to get out of all these wars and all of these conflicts where we think we can play both sides against the middle and it usually ends up with U.S. soldiers getting killed.
Its time to bring our troops home and take care of things here at home…. We can’t tell the whole world what to do and we have an obligation to get our own house in order here at home and put people back to work.”
America appears to have “liberated” Libya right into quasi-theocratic governance, its transitional government announcing that the decision regarding what to do with the body of its summarily raped and executed former dictator would be taken by the head of the Islamic Fatwa society. This is not actually a problem for America, whose mind is onother things. “It may not be quite the country that NATO thought it was fighting for (when Sharia is implemented in Libya),” said Libya expert David Hartwell, senior analyst at HIS Jane’s. “But the huge amounts of oil and gas in Libya will make everyone learn how to reconcile themselves with the new Libya.”
Hey, what’s a little Al Qaeda among oil-sharing friends?
hahaha och dem som röstade för obama trodde att dem skulle få något "gratis".
Det ända dem fick var höjd skatt och ett tvång på att ha sjukförsäkring annars blir det dryga böter.
Sjukförsäkringen man ska ha täcker dock inte skador och sådant som man hade innan man skaffade försäkringen. I kort är det ett nytt sätt för försäkringsbolagen och bigpharma att få socialbidrag med hjälp av staten.
We have long mocked and ridiculed the Fed for being the ultimate ponzi instrument: after all, why worry, when your central bank will buy up almost three trillion in US paper in about 2 years (a very comforting fact for US politicians who never have to fear that those trillions in new porkbills, pardon fiscal stimulus programs, may end up without funding). Well, as it turns out those wily veteran bankers from across the Atlantic have just one upped America yet again.
According to the Telegraph, the abysmal, and barely successful, 3 EUR billion issuance of EFSF bonds (which was originally supposed to be 10 EUR billion, on its very very gradual climb to 1 EUR trillion) had one more very curious feature to it, aside from confirming that it is Dead On Arrival as expected. It turns out that in addition to being the most convoluted and complex creation ever conceived by JPM which is advising Europe on coming up with structured finance products that are so complex nobody will ask any questions and will automatically assume someone else has done the homework, it is also the quintessential ponzi instrument.
The Telegraph reports that the already reduced 3 EUR billion “target was only met after the EFSF resorted to buying up several hundred million euros worth of the bonds.” You read that right: in its first bond issuance since its transformation to the European Bank/Soveriegn Bailout Swiss Army Knife, the EFSF not only failed to raise a minimum token amount, but also had to… buy its own bonds.
We can assume that the money the EFSF needed to fund said purchase came from the money growing tree, as at last check the ECB was still not funding the EFSF with crisp, new zEURq.PK equivalent binary 1s and 0s. But at least we all know what happens when the global ponzi goes full retard.
More on this surreal story which will be promptly buried in the barrage of Monday headlines because an international advisor to Goldman Sachs is now in charge of Italy.
Sources said the EFSF had spent more than € 100m buying up its own bonds to help it achieve its funding target after the banks leading the deal were only able to find about €2.7bn of outside demand for the debt.
The revelation will be seen as a major failure and a worrying sign of future buyers strike after EFSF officials and their bankers had spent recent weeks travelling the world attempting to persuade key investors, including China’s national wealth fund and Japanese government funds, to buy its bonds.
And just in case one monetization vertical was not enough, Europe used, well, all the other ones it could:
Other European Union funds are also understood to have supported the EFSF’s bond sale. The failure of the EFSF will increase pressure on the European Central Bank to effectively become the lender of last resort for the eurozone, a move it has strongly resisted.
At a private breakfast organised by PI Capital last week, Mark Hoban, the Treasury minister, said: “What it doesn’t do is provide the next stage of the solution, which is how do you stop this from happening again?” he said.
The move, by the European Investment Bank, will cause more disquiet among non-eurozone EU members who have become concerned about their growing exposure to the cost of rescuing the currency bloc.
The explanation, for anyone whose brain just exploded, is that despite the marionette rotation at the top, the math of Europe is still not only absolutely hopeless, not to mention meaningless, but somehow just got even worse, because take away the magical powers of modern finance to be one with the ponzi, and Europe would have already imploded.
It also means that our earlier observation that the EFSF is an AA+ equivalent credit instrument has to be revised: pro formaing out the ponzi, means it is at best AA if not A, and most likely D if one takes away all the magic bells and Keynesian whistles, unicorns and other end of the western financial world loopholes that modern finance is forced to resort to every single day to mask the fact that every country in the developed world is now 100% bankrupt.
NASA reported 5 years ago that the earth is now receiving at least 20% less sunlight than 10 years before.
After 16 years of denial, the White House Science Czar John P Holdren now admits that they have been “testing” the manipulation of Earth’s atmosphere with Barium salts, Aluminum Dioxide and other toxic compounds.
Bottom line: there is a world-wide secret program to manipulate the atmosphere. They admit it’s happening, but they won’t tell us why.
Very low levels of radioactive iodine-131 have been detected throughout Europe, but the particles are not believed to pose a public health risk, the U.N.nuclear agency said on Friday.
NASA have released images of 2,400 stars, known as the Tarantula Nebula, that are producing intense radiation and powerful winds, believed to be the cause for the detection in the atmosphere
The International Atomic Energy Agency (IAEA), the Vienna-based U.N. watchdog, said it did not believe the radioactive particles were from Japan’s stricken Fukushima nuclear power plant after its emergency in March.
Professor Malcolm Sperrin, director of medical physics at Britain’s Royal Berkshire Hospital, said any link with Fukushima was extremely unlikely. ’It is far more likely that the iodine may be as a result of excretion by patients undergoing medical treatment.
After the advent of nuclear weapons, especially hydrogen bombs, these technologies have usually been the dominant components of doomsday devices. RAND strategist Herman Kahn, collaborating with risk analyst Ian Harold Brown, proposed a "Doomsday Machine" in the 1950s that would consist of a computer linked to a stockpile of hydrogen bombs, programmed to detonate them all and bathe the planet in nuclear fallout at the signal of an impending nuclear attack from another nation. The key aspect of the doomsday device's deterrent factor is that it would go off automatically without human aid and despite human intervention, providing a highly credible threat that would dissuade attackers and avoid the dangerous game of brinkmanship that brought the United States and the Soviet Union closer to nuclear war during the Cuban Missile Crisis. With a doomsday device on the planet, neither side would suspect the other of launching a sneak attack in attempt to destroy the opposing country's infrastructure before they could retaliate.
Vet inte om detta är sant men jag såg just en artikel om att rysslands Doomsday Device fortfarande är aktiv!
When one Australian woman decided to lead the charge against Gardasil maker Merck after experiencing serious adverse reactions, she soon found another 7 Victorian women with similar intentions and experiences. Naomi Snell, a resident of Melbourne, Australia, suffered an auto-immune and neurological attack after being injected with the HPV shot Gardasil. After reading about a Sydney neurologist who exposed Gardasil as a potential cause of MS-like symptoms, Snell realized that Gardasil could be behind her recent health ailments.
She made a timeline of her declining health using reports from her doctor and physiotherapist. What she found was that the events unfolded right after she had received the Gardasil vaccine. At 28 years of age, Snell lost her ability to walk, suffered from crippling back and neck pain, and experienced convulsions that put her life on hold for 2 years. The health issues started soon after receiving the HPV shot in July 2008.
I never attributed it to my vaccine so I went back for my second and third dose, Ms Snell said. My doctors said I was a case for Dr House. They were baffled.
After launching the class action lawsuit against Merck, 7 Victorian women considered joining the case after experiencing similar reactions to the Gardasil vaccine. One woman linked the Gardasil injection to her miscarriage, which occurred afterwards in her local supermarket.
Gardasil has led to thousands of adverse reactions and even death
Naomi Snell is not the first Gardasil recipient to develop adverse reactions. In fact, many before her have actually died as a result of the Gardasil vaccine.
The Gardasil vaccine has a very questionable timeline, riddled with corruption and devastating side effects. Shockingly, the HPV shot led to 3,589 harmful reactions and 16 deaths between May 2009 and September 2010 alone. Of the 3,589 adverse reactions, many were debilitating. Permanent disability was the result of 213 cases; 25 resulted in the diagnosis of Guillain-Barre Syndrome; there were 789 other “serious” reports according to FDA documents.
Merck of course makes no mention of this in their deceptive advertisements, leading consumers to think that the vaccine is safe.
Så han missade alltså att goldman hjälpte Grekland att sätta upp två olika sorters skatteböcker. En laglig och en olaglig. En som säger att Grekland inte klara inträdesprovet till EU och en som säger att dem klarar inträdesprovet.
Kan någon lista ut varför det inte kommer bli bättre i Grekland om man anlitar samma "brottsling(ar)" att lösa problemet som skapade problemet?
Och om dem löser problemet vad var meningen med att skapa problemet från början, alltså vem tjänar på det?
Baxter Healthcare Corp. has announced it is recalling roughly 300,000 doses of its Preflucel influenza vaccine due to what it says is an excessive number of adverse events. Baxter is the same drug company that was caught inserting Avian Flu Virus into flu vaccines back in 2009 (http://www.naturalnews.com/025760.html).
The UK’sDaily Mailreports that a high number of individuals injected with an apparently tainted batch of Preflucel have been reporting side effects like fatigue, muscle pain, and headaches. The vaccine, which was crafted specifically for those with egg allergies, has only been in use since March when it was first approved for use in the UK.
“The vaccine is being recalled because these side effects have been reported more frequently with this specific batch,” said a Baxter spokesmen. This spokesman also attempted to reassure the public that those who have already been vaccinated with Preflucel “should not be concerned (for their safety).”
At the same time, however, Baxter has instructed healthcare providers not to administer any more Preflucel, no matter what batch it came from, to patients. And since this announcement, many European countries where the vaccine was distributed have ceased using it, and have instead switched to various alternatives.
“[Preflucel] should no longer be used and any remaining stock [of the recalled batches] should be returned to the original supplier for credit,” announced the UK Medicines and Healthcare Products Regulatory Agency. “No further Preflucel of any batch should be administered at this time.”
Conveniently for Baxter, no further information has been provided to the public as to what might be the cause of the uptick in adverse reactions. And if the vaccine is so harmful that the company has decided to recall several hundred thousand doses of it and cease all further administration of it, how can officials say that those who have already been injected with it are safe?
The 2009 scandal involving the US division of Baxter essentially exposed the company as a purveyor of biological terrorism. After all, the company’s Biosafety Level 3 (BSL3) facility where the tainted vaccine was produced would have prevented unintentional contamination, which implies an intentional conspiracy (http://www.naturalnews.com/025760.html). So what dirty little secret might Baxter be trying to hide with its current recall?
DUBAI: Iran has not converted the low-grade uranium that it has produced into weapon-grade uranium, inspectors belonging to the International Atomic Energy Agency have said.
The Austrian Press Agency quoted an IAEA expert as saying that the uranium substances that Iran has produced at its Natanz enrichment facility have been carefully recorded and remote cameras have been installed to supervise part of the stockpile.
“If the Iranians intend to transport these uranium substances to a secret location for further processing, agency’s inspectors will find out,” he said.
The expert added that “so far, Iran has carried out good cooperation with us in relevant verifications”.
IAEA head Mohamed ElBaradei has said that Iran has slowed down its uranium enrichment programme. He made this observation while submitting a report to the U.N. Security Council on Thursday. Iran has reportedly added only 164 centrifuges (which are used for enrichment) since December last, a comparatively slower rate than in the past.
The IAEA report said that Iran had so far produced around 1,000 kg. of low-enriched uranium.
Iran has denied accusations by the United States and its allies that it has been engaged in a clandestine nuclear weapons programme.
The United Nation’s International Atomic Energy Agency is preparing to release a document that will link Iran’s nuclear program to weapons development, according the French newspaper Le Figaro (English translation here). The report will be released next month.
IAEA boss Yukiya Amano.
The newspaper characterizes the release as a “race against time” to head off Iran’s nuclear weapons program. The move would ensure an Israeli attack on Iran’s nuclear facilities, Isabelle Lasserre writes.
IAEA boss Yukiya Amano said last month the agency would release more information on Iran’s program. At that time, Amano said Iran had demonstrated "greater transparency" than usual when it allowed a senior IAEA official to tour previously restricted nuclear sites in August.
In February, 2010, the agency said Iran was working to develop a nuclear-armed missile. “In unusually blunt language, an International Atomic Energy Agency report for the first time suggested Iran was actively pursuing nuclear weapons capability, throwing independent weight behind similar Western suspicions,” Reuters reported.
According to Wikileaks documents, Amano has described himself as being in line with the United States and Israel on key strategic issues. Israel assumes that Iran will develop a nuclear weapon that represents an “existential threat” to the Jewish nation. It has threatened to take out Iran’s nuclear facilities on a number of occasions.
IAEA “inspectors have expressed frustration with Iran’s level of cooperation, but have been unable to find any evidence suggesting that enriched uranium has been diverted to an illicit weapons program,” Seymour Hersh wrote in June.
“There’s a large body of evidence, however, including some of America’s most highly classified intelligence assessments, suggesting that the U.S. could be in danger of repeating a mistake similar to the one made with Saddam Hussein’s Iraq eight years ago — allowing anxieties about the policies of a tyrannical regime to distort our estimates of the state’s military capacities and intentions,” he continues. “The two most recent National Intelligence Estimates (N.I.E.s) on Iranian nuclear progress have stated that there is no conclusive evidence that Iran has made any effort to build the bomb since 2003.”
The highly dubious Iran terror plot now gaining momentum, despite a growing number of skeptics, appears to be pushing the United States into backing either an Israeli strike on Iran or providing a pretext for an outright attack by the United States.
The IAEA report either coincides with the move in the direction of war or was designed to appear at precisely the right time as the U.S. repeats the same “mistake” it made when it attacked Iraq in March of 2003.
Iran says the International Atomic Energy Agency (IAEA) can completely supervise Tehran’s nuclear activities for five years if the sanctions imposed against the Islamic Republic are lifted.
In an interview with ISNA on Monday, Head of the Atomic Energy Organization of Iran (AEOI) Fereydoun Abbasi said he had made the offer to Director-General of the IAEA Yukia Amano.
“By lifting the sanctions and meeting mutual obligations, the agency can completely supervise Iran’s nuclear activities without broaching [such topics as] military aspects and alleged studies,” Abbasi further elaborated.
Referring to the recent visit of Deputy Head of the IAEA Safeguards Department Herman Nackaerts to Iran, Abbasi said Tehran’s objectives of taking such measures are to prove that the country has no problem with the agency.
Nackaerts earlier visited Iran’s Bushehr nuclear power plant, the enrichment facilities in Natanz and Fordo, the nuclear fuel rods production factory in Isfahan, as well as the heavy water research reactor in Arak and the city’s heavy water production plant.
The US and its allies accuse Iran of pursuing a military nuclear program, and used this pretext to pressure the UN Security Council into imposing a fourth round of sanctions against Iran.
Iran, a signatory to the Nuclear Non-Proliferation Treaty (NPT) and a member of the IAEA, insists on its legal right to use nuclear energy for peaceful purposes.
The U.N. nuclear watchdog on Tuesday rejected Western suggestions it is being soft on Iran, denying that its chief was declaring questions about Tehran’s atomic work resolved despite doubts of his inspectors.
A senior official close to International Atomic Energy Agency (IAEA) director Mohamed ElBaradei accused unnamed Western powers of using the same “hype” tactics employed against Iraq before the 2003 U.S.-led invasion to justify imposing further sanctions on Iran over its nuclear program.
The IAEA is due to issue a report next week before world powers meet to finalize a U.N. Security Council resolution on more sanctions. The West accuses Iran of secretly seeking the means to make nuclear bombs, a charge Tehran denies.Ahead of the IAEA report, some Western diplomats said the agency’s inspectors were unhappy with top level decisions to declare issues clarified without what they deemed to be sufficiently credible explanations from Iran.
A French media report said on Monday differences between ElBaradei and technical staff could delay the latest report on whether Iran illicitly tried to enrich uranium for arms, not just electricity as it maintains.
Departing from normal IAEA silence ahead of its politically sensitive reports, a senior agency official telephoned Reuters on Tuesday to deny reports of internal dissent. “Reports about disagreements within the agency over the forthcoming Iran report are nonsense,” said the official, who asked not to be further identified. “Work on the first draft of the report has not even started.”
“Some people do not want to see the Iran issue resolved because that would contradict their hidden agendas, he said, adding that “people should have learned from their mistakes in the past, when all the hype over alleged weapons of mass destruction (WMD) in Iraq turned out to be just that — hype”.
Iran agreed in January to answer remaining questions about its past covert nuclear activities within a month. Major progress has been made since and the inquiry is now in its final stages, IAEA sources say.
BIGGEST ISSUE STILL OUTSTANDING
The senior official said Iran had still not clarified the final and most important question on a list delving into its covert nuclear history — suspected attempts under military supervision to “weaponize” nuclear materials. “Our inspectors are still working on clarifying the facts about the alleged weaponization activities in Iran,” he said.
The official said that the Vienna-based IAEA’s central role was to collect information impartially and place it before the agency’s 35-nation board of governors. “If the facts are at odds with the policy objectives of some people who are keen to impose further sanctions on Iran, that’s too bad,” the official added.
Before it invaded Iraq to topple Saddam Hussein in 2003, the United States disregarded IAEA testimony to the Security Council that there was no proof Iraq was still seeking nuclear bombs. No such evidence to back a major U.S. justification for what turned into a chaotic occupation of Iraq has surfaced since.
“Not a single question has ever been raised by member states about the objectivity and professionalism of our reports,” the IAEA official said. “This next one will be no different.” He criticized what he called similar hype about an ongoing nuclear arms drive in Iran until Washington’s own intelligence agencies said in December that this had been shelved in 2003.
ElBaradei has said Iran’s enrichment program poses no imminent threat to international peace. But he has urged Iran to lift restrictions on inspector movements and comply with suspension demands to defuse mistrust in its intentions.
Russia’s foreign minister warned on Monday that any military strike against Iran would be a grave mistake with unpredictable consequences, ahead of a report expected to be released this week by the United Nations’ nuclear watchdog agency showing that Tehran has mastered the critical steps needed to build a nuclear weapon.
According to intelligence provided to the United Nations’ nuclear watchdog agency, the IAEA, Iran appears to have received crucial technical assistance from foreign experts, the Washington Post reported, citing Western diplomats and nuclear experts briefed on the findings by the IAEA.
The Israeli media has been rife with speculation that Prime Minister Benjamin Netanyahu is working to secure cabinet consensus for an attack on Iranian nuclear installations.
In Alien Takeover: The End of Humanity, Alex Jones runs down the threat facing humanity as an out of control power elite attempt to manipulate and dominate the very genetic building blocks of life on planet earth. In the video, Alex compares the effort to an alien invasion like the one portrayed in John Carpenter’s classic 1982 horror film ‘The Thing.‘
In addition to a control freak effort to patent and thus legally own and monopolize the genetic structure of all life on the planet, the GMO monster is also being used to enhance and extend the lives of a small elite at the expense of the rest of humanity and indeed of all life on a global scale.
As Dykes notes, if we do not stop the elite’s “Thing” now, it may soon be too late to turn back. “It is vital we recognize this amorphous danger for what it is– the annihilation of our species and those with which we co-inhabit. We don’t have any more time to waste,” he writes.
Those who believe the European crisis is over are mistaken. The dislocation will continue as their economies slow and political, social and economic events converge into further crisis. The most glaring problem is the banks only taking a 50% loss on Greek bonds. The loss should have been 75% or even 80%. There is absolutely no way Greece can overcome that burden in a slowing European economy and an enraged population. They are still striking and demonstrating and they will continue even under a new government.
Some of the best economists in the world have been saying for almost as long as we have been saying that the weaker and smaller countries have to leave the euro at least temporarily. In our eyes that really means permanently. If Italy falls out it will take France with it and the euro edifice will fall. Very quickly it will be found that Greece cannot and will not recover. It is one thing to set recovery in motion in good times, but it is another to attempt to do so under austerity. These politicians in Europe have been self-serving. They are quickly going to find what they have done is not going to work. Greece should have never been saved, as we said from the beginning. They will need more and more money just to exist and you cannot have perpetual funding. Then you have the overriding social factor. It is simply impossible and once Greece goes, the other 5 will have to cut loose as well. Again, it will be called temporary, but their exists will be permanent. It simply cannot be any other way. Political hot air is not going to change anything. We have no details and bankers who refuse to face the music, and what is attempted to be achieved is impossible.
The concept of a tighter union with a new constitution won’t work either. We can go back to 1991 when these issues came forth and we stated the Europeans are doing this backwards. You need a strong constitution first, only nations involved that can meet the criteria of public debt of 3% GDP. Smaller nations cannot be allowed to falsify their balance sheets and above all you cannot use one interest rate for all. Just about everything that has been done has been done incorrectly. Unfortunately, the US and world economy hang in the balance as well. This euro, European and UK problem is not going to go away. By February it will again be front page news. There is an 80% chance that Greece will leave the euro in the next six months.
If Ireland and Portugal do not receive equal treatment, followed by Belgium, Spain and Italy, then they will all be forced to leave the euro. If you think for one minute that these nations can stand more than a year or two of austerity you are mistaken. The whole approach is wrong. They should all be allowed to leave the euro. The only reason Greece has been temporarily saved is to keep Greece in the euro. These one-worlders cannot bear to see their dream of world government fail. It has already failed. Do you really think Germans are going to give up their sovereignty? Wait for the next German election. You are going to see a house cleaning in the Bundestag that will be staggering. The German people are outraged at what these politicians have done to them. If anything the move in the EU’s strongest economy will be away from further consolidation, not toward it.
The magic number to keep the euro from collapsing over the next two years is $6 trillion that solvent European countries do not have, and using derivatives in place of cash is a prescription for disaster. Debt may be addressed, but the core economic and financial problems that were responsible for these problems are still not being addressed. That is a glaring lack of economic progress. Where is the capital needed for growth? Countries in the EU are going to have to increase money and credit and suffer the incumbent inflation; that is if they can even raise those funds and rollover old debt. Either that or China will lend $3 to $500 billion and we don’t think they are willing to do that. If China prints the money to lend, the value of the yuan will fall, the Chinese will take more market share and there will be more inflation. Their goods sold to Europe, the US and elsewhere will rise in cost as well. The Chinese will have to use cash euros or sell euro bonds. Such moves could be really upsetting to China. If aid comes it will be in much smaller amounts.
This past week the swaps association said the failure on 50% of Greek debt does not constitute failure, because it was voluntary, so the NYC legacy banks do not have to pay up on their derivative bet. That could all change, because Fitch says it does constitute default. We will now have to await the decisions of S&P and Moody’s.
What Europe has done is pull a page from US bailouts, which reduce debt starting in a few years, which would extend over 10 or 20 years. It reminds us of the two sets of books banks are currently keeping. They intend to write off bad debt over 50 years, like it really didn’t exist. This plan allows further current increases in debt over the short term. That is no solution at all. Again, it only throws the debt and service into a future that could include deflationary depression. Recovery is not a given.
Fitch has really opened a large can of worms in calling a 50% debt default a payable derivative event. We are talking about hundreds of billions of CD’s, credit default swaps OTC derivatives, which just happens to be an unregulated market. Our view is Fitch is correct and the ISDA, the derivatives information agency is wrong. What isn’t made an issue of is that banks have been asked to raise $150 billion they are offside on this issue. We projected this number long ago. The official number is $3.7 billion, which is laughable. About a month ago the players admitted to $75 billion, so we are making progress toward truth and reality. We wonder what the French bankers are saying, who bought the insurance? If NYC banks do not pay off the ECB will have to create the $150 billion and lend it to the banks in France, so they can survive. Could this be a renege? We think so, and that would ultimately allow citizens of the EU to pay the debt. These bankers are crafty buggers they are.
We also question why banks are writing off 50% of their debt and the sovereigns are not. Isn’t this strange? Why are they not writing off 50%? Could it be that if they did they would be insolvent? Could it be to deceive their taxpaying citizens and pop the question several years from now? Could this be they are just trying to extend the timeline into the future? Time has a way of revealing everything. Incidentally, none of that Greek debt will probably ever be paid off. It should also be noted that of the $140 billion lent by the IMF, US taxpayers are on the hook for about 30%, or $42 billion. We are sure that will make Americans very happy.
The difference between $516 billion allocated by EU members, half of which comes from Germany, and $1.4 trillion will come from the sale of bonds by the EFSF, the European Financial Stabilization Fund. The question is who is going to buy this tranche of some $900 billion in bonds? Nations will receive greater taxes from a phantom recovery and buy the bonds. How can this be when those economies barely have even GDP growth? All this in the midst of austerity. We do not get it. We must be missing something. Does Italy really believe that raising the retirement age from 65 to 67 is going to bring any real immediate relief? As you can see the case is terminal.
The whole plan is absurd, stupid and unworkable. These problems are going to last for years as Europe, the UK and US wallow in negative growth and eventually in deflationary depression.
Greece will collapse; it is only a question of when. The ECB will continue to create money and credit, just as the US and UK are doing.
It won’t take long for investors to figure out they have been bamboozled again. They will flee stock markets probably just after the Fed’s latest QE 3 is announced. Some will buy US Treasuries and lose about 10% of their purchasing power annually. Some will flee to commodities and many will use the flight to quality to purchase gold and silver coins, bullion and shares. Modes of investments are going to change dramatically, so you had best participate, or you may end up losing most of your wealth.
What you are witnessing is financial chicanery at its best. Wait until the citizens of Europe discover they are going to have to pay all these bills, just so they can be enslaved in a one-world government. They are not going to be happy.
We always tend to be ahead of the curve and the crowd. This time the time frame for discovery may be very short, because once investors understand what we have written here they will want to get out. Gold, silver and commodities will rise for different reasons, along with the flight to quality. Incidentally, this time the gold and silver mining shares will soar.
Reflecting back on our comments the second Greek bailout does not solve the EMU’s fundamental problem, which is the 30% competitiveness gap between the northern and southern countries and Germany’s giant-EMU trade surplus at the expense of the south. Unless a way can be found to rectify that there cannot be a recovery. The south has been forced into austerity, which limits their chances of being competitive. As we pointed out over and over again the end product will be a deflationary spiral and eventually deflationary depression. What the IMF and EU members are imposing on the six countries is very destructive.
A fiscal union would perhaps work, but that means the end of individual country sovereignty, which would eventually lead to authoritarianism, which would not like to see. The entire union is unnatural and should be ended. It has been a failure and just leave it at that.
All this program is going to do is buy time. It is not a long-term solution. Current debt holders are going to be incensed, as they will be forced in before sovereigns, but will banks really take a 50% haircut? We don’t really know. Is this really a fig leaf, a wholly inadequate alternative to the ECB, which cannot provide endless liquidity?
This rescue effort is really too dependent on high-risk deals, such as what caused this crisis. Four times leverage is outrageous. In the end the European public could get caught holding the bag.
At the same time we are seeing monetary contraction in Portugal, which mirrors that of Greece as it spiraled out of control. Bank deposits are off 21% over the past six months and that could well be a precursor of a weak economy and monetary trouble.
Another question that arises is due to the treatment accorded to NYC legacy, money center banks. Will those using credit default swaps continue to do so. There is a default and because it was voluntary the derivative writers do not have to pay off. Give us a break. It looks like contract law no longer exists.
In very late breaking news we find something we warned about is happening. The German High Court, the Bundesgerichtshof, has issued an express order that the nine-member committee dealing with dispersing the rescue funds is not allowed to do so. The plug has been pulled on the EU and German politicians on money releases. If the Germans and the EU are lucky they’ll have a constitutional decision by Christmas. We predicted this would happen.
Uncertainty revolves around the deal reached with Greek bondholders to face a 50% haircut on the face value of their bonds. This has not been negotiated as yet.
At the same time France needs to raise $11.2 billion to keep its AAA rating. Sarkozy says 2012 GDP growth will be about 1%, about the same as Germany, but no one mentions it would be -2% with inflation.
Switzerland’s State Secretariat for International Financial Matters said the Swiss were interested in investing in a special investment vehicle proposed by the euro zone bailout fund, but we see a real fight brewing. The Swiss People’s Party, which was against franc devaluation and the sale of Swiss gold, will be after this move by the Swiss government. They do not want closer ties to the EU.
This past summer we warned that European banks would have to increase their reserve position to 9%, because both the BIS and IMF said it was absolutely necessary. You might call the EU’s laxity of not forcing Greece to implement its austerity agreement as part of a socialist mindset. There was no way to move Greece into line. For not living up to their commitment they could have cut Greece off, because then they would default and leave the euro. Thus, they continued to fund Greece. The truth is they have to do so irrespective of what Greece does or doesn’t do.
The heart of the problem was banking incompetence followed by sovereign stupidity. Banks and solvent sovereigns never should have made the loans in the first place. All the greedy bankers, politicians and bureaucrats could think of was the euro zone and the euro being the template for one-world government. The interconnectivity of banks within nations with banks of other nations is the lynchpin that will eventually take all of them down. It’s caused by central control such as that embodied in the European Central Bank. The bottom line is if a state like Greece, partially defaults, then the banks within Greece default as well because these banks are holding large amounts of federal bonds and loans. Thus, the edifice collapses. This relationship exists all over Europe and as we are seeing six countries are in trouble and if the European economy continues to slip into recession or depression other countries will join the six. In addition in many countries supervision is all but non-existent. A perfect example of such a relationship was with France, Belgium, and the Dexia bank, which they created. As a result the taxpayers of Belgium and France have acquired all the bad assets of Dexia.
Adding to such problems is that usually half of the debt of any country is held by foreign banks and sovereigns, which means failure becomes contagion. France’s holding of 8.5% of GDP of debt from these six countries will eventually cause France to lose its AAA rating. If that is the case we venture to ask how can France be party to a commitment to bail out Greece or anyone else? They simply cannot and they are the number 2 player. You would think French citizens would elect someone who was not involved in such stupidities, such as Marine LePen of the National Party. The banks and business interests, such as the Rothschilds, couldn’t have that – could they? If France financially fails we could see 1789 all over again. This sovereign debt is widely held by other nations including the US, UK and Japan. European banks have controlled European society for a long, long time and they are the catalyst for the new world order.
We hear over and over again there will be recovery, we will grow our way out of it. That won’t be possible for Europe, the UK and the US. The number of young people who do the largest part of consumer spending in their 20s and 30s today have a hard time making ends meet, never mind spending. On top of that many are unemployed and may be for some time to come. If you have noticed unemployment has risen or stayed the same in the regions we have spoken of. Accumulation has only occurred among the upper-middle class and the wealthy. This also means borrowing has fallen and the ability to access loans and capital are limited, because so many prime age borrowers do not qualify.
One of the reasons Germany does as well as it does is because they have an abundancy of inexpensive capital available for loans and credit, which allows expansion, creates jobs and brings profits. The cost of labor is low or in the form of growing productivity and people pay their bills.
One interest rate fits all became a disaster. The weak participants borrowed at 4% instead of 8% and the result was an orgy of spending that ended up in today’s insolvencies. We said 12 years ago this would destroy the euro zone and it has. These low rates also allowed a massive influx of imports into the six problem countries, which caused major balance of trade deficits. This also brought about borrowing in foreign currencies, which turned into a nightmare, particularly in Eastern Europe.
European banking and politics are very closely intertwined. In other words the banks overtly run these countries. The same is true in the UK, but in the US it has been subtler due to ignorance of how the banking system works and that has been deliberate. In Europe the stress test used 5% as a guideline, instead of the normal 10%. This shows you the power and control banking has over EU government making the margin for error extremely thin. Considering the exposure cash reserves were increased to 9%. This means capital has to be raised and that is not easy in today’s recessionary environment. Two-thirds of European banks are currently under 9%. The worst exposed are RBS, Deutsche Bank, Unicredit, Bank Paribas, Barclays and Societ General. Hundreds of billions of euros are needed and the question is where will they come from? In addition how many banks are shuffling assets between trading, deposit, and banking sectors, such as Dexia had been doing until they had to be taken over by the French and Belgium governments? The banks need $270 billion that is readily available. If funds are not available then that means governments will have to supply the capital from out of thin air, which is very inflationary.
The EFSF, the European Financial Stability Facility, which was set up to aid Greece, Ireland and Portugal, now aids banks and European governments, such as the Fed does. An EFSF if allowed to dispense $1.4 trillion based on a $900 billion derivative structure would take months to move into action. Then there is the question will the German High court allow leveraging. We do not think so. The Court had already told the Bundestage you cannot do that, but they did it anyway.
As we can say is stay tuned for the next episode in this saga. It could end up taking down the entire world’s financial system.
As the G20 meet today in Nice, you can bet that the embattled Greek PM George Papandreou will be getting ‘the hair-dryer treatment’ from Germany’s Angela Merkel and France’s Sarkozy.
Back in Athens, Evangelos Venizelos, the Greek finance minister and the PM’s likely successor – was hospitalised on Tuesday suffering from the mother of all stomach ulcers.
Only a few days ago the markets cheered and Merkel fawned the press as Europe agreed to a rescue package for Athens. But Greece’s PM threw a major spanner into the works right after with his shock announcement to allow the Greek people a referendum on whether or not to accept this latest hard-fought Euro debt deal.
If the referendum goes ahead, and the people reject certain Euro-IMF-debt slavery, then Greece will default on their toxic debt to the mega banks. This also means that Greece will leave the EU and also return to its native currency- the Drachma.
But it might not even happen that way… Papandreou‘s government is still embroiled in a battle for survival, with a new vote of confidence scheduled for this Friday. If there is a vote of no confidence, then the Greek government will effectively collapse on the spot – and hence, no referendum vote can take place.
If that happens they will have a new election in 23 days, but if no majority wins, and unless there is a viable coalition gov’t without Papandreou - then no coalition agreement will be in place, and they will have yet another election. This process could roll over and over…
If the government is in danger of collapse, then Greece could be looking at a genuine military coup d’etat.
This theory has gained credence since Athens announced a wild reshuffle, sacking its military leaders in every branch of the forces on Tuesday. The defence ministry confirmed that Greece’s state security council replaced the heads of the general staff, the army, navy and air force, and discharged a scores of army and navy officers.
Greece is no stranger to the military coup, only forty-odd years earlier it was ruled rule by a series of right-wing military juntas starting on 21 April 1967, and ending in July 1974.
Why are the Greek political establishment already freaking out over the prospects of a military coup, enough to sack half the brass?
As the anti-austerity protests have gained steam in recent weeks, members of the police and the army have naturally gravitated over to the people’s side of things, a recipe for disaster in a banker-controlled bureaucracy who is expected to maintain law and order while the country is essentially held down and financially raped by northern European banks.
The UK’s Daily Mail reported today:
That raised speculation about the possibility of a military coup in Greece, an outcome said to have been deemed possible in a secret assessment by the CIA.
Greek-Cypriot Nobel economics laureate Professor Christopher Pissarides, of the London School of Economics, said: ‘Before 1974, when politicians were arguing and fighting, the military came in and said, “Come on now, let’s stop, there’s military rule until you sort it out”.
‘Since 1974, of course, democracy has worked, but it’s worrying when you have news about armed officers being replaced right in the middle of an economic crisis.’
The military may in fact be wanting to save their country from Greece’s ‘creditors’, who are demanding that Greece pass crippling austerity measures before they pile on more loans, circa $152 billion in bailout loans from other Eurozone central banks and the IMF.
The IMF have an impressive record- throughout history they are able to turn any country into a permanent third world resident, or developing nation. The international bankers will offer neo-liberal shock therapy where everything will be cut out of society, and the middle classes will flee for a better life somewhere else. Their record speaks for itself.
Greeks also recognize that their nationalsovereignty is at stake- will they be ruled by banks in Northern Europe or will they be ruled by themselves?
A TOXIC BANK SYSTEM
Despite what banking apologists and Europhiles will tell you, a Greek default is not the end of the world, nor is it the end of Europe. Similar defaults with countries like Ecuador and Iceland have taken place without collapsing the world economy. For the banks however, a default means they won’t be getting those giant bonus, and less Ferraris, Lamborghinis and yachts will be sold in 2012, and less money will be spent on escort services in the City.
In terms of the European single currency however, if Greece goes down, Europe goes down, and therefore the globalist toxic banking business goes down.
The main problem that most Euro leaders and the mob at the G20 will not mention is that Greece and everyone else are linked together by a toxic anchor and chain known as the Credit Default Swap (CDS). It is these toxic products that eventually sabotage any real working solution that the army pseudo-geniuses will come up with at meetings like the G20.
Yet, there is still no talk of eliminating toxic products like the CDS.
In this way, the CDS (where bankers are able to insure their gambling losses) is contagious, or what pundits like Max Keiser refer to as “the financial equivalent of herpes“, a virus that can only be treated and not cured. It is these type of dodgy gambling tools that motivate the predatory lenders like Goldman Sachs who routinely target countries like Greece, Italy, Portugal, Ireland and the rest.
In the end, banks are after one thing: liquidity. Greece may be forced to sell its assets on the cheap through hock and forced privatization. As the bankers acquire new assets, through their toxic toys, they are then able to create more money- multiply their money, all out of this new liquidity.
If Greece and the rest of us are to survive these financial high crimes, we must break free of all the “There Is No Alternative” (TINA)-type scenarios society is constantly force-fed.
The US was fed the same TINA pill before the first banker bailouts in 2008, Obama and McCain did the bankers’ PR for them and Congress passed it. And Goldman Sachs got a lot richer.
We need to start asking the right questions, and call the banks out on their tools which should be flat-out abolished. Otherwise, we will just keep going round in circles of looting and raping by the banks.
No matter what they tell you, no matter how much they scream at you- don’t swallow the TINA.
Federally-funded high-tech street lights now being installed in American cities are not only set to aid the DHS in making “security announcements” and acting as talking surveillance cameras, they are also capable of “recording conversations,” bringing the potential privacy threat posed by ‘Intellistreets’ to a whole new level.
However, as you can see from the video above, ‘Intellistreets’ is big brother on steroids. George Orwell himself would probably have considered the concept too far-fetched to appear in the dystopian classic 1984.
Not only can the street lights, now being rolled out in Detroit, Chicago and Pittsburgh with Department of Energy backing, act as surveillance cameras, Minority Report-style advertising hubs, and Homeland Security alert systems, they are “also capable of recording conversations,” reports ABC 7.
In their press release, the company behind the street lights also denied that they had received DHS funding for the system. In the aftermath of the controversy generated last week, ABC 7 reports that owner Ron Harwood is now “working with Homeland Security” to implement the high tech network, which is connected via a ubiquitous wi-fi system.
Harwood told the Detroit Free Press that the street lights will “make us feel not only safer, but happier,” representing how “business and government can work together for economic, environmental and social benefits.”
Harwood’s claim that the technology doesn’t represent a privacy threat simply because its rollout it “transparent” carries no weight whatsoever. Just because the installation of these street lights is being done publicly and not in secret has no bearing whatsoever on the frightening implications for privacy this development poses.
The video clip includes creepy footage of the street lights being used to transmit Orwellian security alerts, including “pay attention please….please stand by for a public safety announcement,” and “this is a security alert”. Every “security” announcement you’ve heard in airports and subways can now be brought to steet level.
“By Spring of next year there is a good chance you could see them pop up in your city,” states the report.
It goes without saying that this is a complete violation of the 4th amendment and represents a whole new level in America’s transformation into a high-tech police state. Not even the most out-there dystopian films featured technology as sophisticated and as potentially invasive as ‘Intellistreets’.
Without any public discourse, without any legal oversight, these systems are now being installed on the streets of America. Citizens already browbeaten into accepting the fact that their every movement can be tracked and traced by surveillance cameras will now be told to accept that the government recording private conversations on the street is a necessary step to provide “safety and security,” as the Homeland Security occupation of America takes on a whole new dimension.