Archive for category Economy

active narratives round-up

1. world government: our masters in Brussels will use the Greek crisis to try to impose a single government across Europe

Now the Greeks cannot afford to stay in the euro and the Germans and French (and indeed to a lesser extent we British) cannot afford to see the Greek economy collapse.

For our masters in Brussels, this is a moment of great danger and of great opportunity. Their solution is simple. Not just a single currency and a single central bank, but a single finance minister administering a single tax and spending system, and a single government across the EU. Without that, either the Eurozone will shrink to a hard core of states around Germany and the Deutschmark will be reborn under the name of the euro, or the euro will cease to be.

more @ telegraph

2. justifying the need to control the internet: malicious software infects corporate computers

A malicious software program has infected the computers of more than 2,500 corporations around the world, according to NetWitness, a computer network security firm.

The malicious program, or botnet, can commandeer the operating systems of both residential and corporate computing systems via the Internet. Such botnets are used by computer criminals for a range of illicit activities, including sending e-mail spam, and stealing digital documents and passwords from infected computers. In many cases they install so-called “keystroke loggers” to capture personal information.

…“These large-scale compromises of enterprise networks have reached epidemic levels,” said Amit Yoran, chief executive of NetWitness and former director of the National Cyber Security Division of the Department of Homeland Security. “Cyber criminal elements, like the Kneber crew, quietly and diligently target and compromise thousands of government and commercial organizations across the globe.”

The company, which is based in Herndon, Va., noted that the new botnet makes sophisticated use of a well-known Trojan Horse - a backdoor entryway to attack - that the computer security community had previously identified as ZeuS.

more @ nyt

3. al qaeda in the palestinian camps in lebanon: 11 aq suspects charged with spying


A Lebanese military judge charged 11 suspected members of an al-Qaida inspired group with forming an armed gang and spying on the army and U.N. peacekeepers, a judicial source said. “Judge Samih al-Hajj charged 11 suspected members of Fatah al-Islam with forming an armed gang, spying on the army and UNIFIL troops (in southern Lebanon), and forging ID papers,” the source said, requesting anonymity.

If convicted, they could face the death penalty. Among those charged — several of them in absentia — are Abdul Rahman Awad and Abdul Ghani Jawhar, two Fatah al-Islam members accused of a deadly 2008 bus bombing in the northern city of Tripoli.

Fatah al-Islam, an obscure al-Qaida inspired group, fought deadly battles against the Lebanese army in the summer of 2007 in the Palestinian refugee camp of Nahr al-Bared near Tripoli. …There have been widespread fears since the Nahr al-Bared battle that the group has switched its base to the highly volatile Palestinian camp of Ain el-Hilweh in southern Lebanon.

Lebanese officials suspect that Awad, who is dubbed the “prince of Fatah al-Islam,” is holed up in Ain el-Hilweh, the largest of Lebanon’s 12 Palestinian camps. By longstanding convention, the Lebanese army does not enter the camps, leaving security inside to Palestinian factions.(AFP)

more @ naharnet

4. escalating drug lords in Mexico: Russia ready to sell weapons to Mexico

MEXICO CITY – Russian Foreign Minister Sergei Lavrov said that Mexico is interested in buying equipment and weapons from his country to combat drug trafficking and organized crime. At a joint press conference with Mexican counterpart Patricia Espinosa, Lavrov said that his country is expanding its weapons sales abroad and has increased the number of supply contracts it has in all regions of the world, a move that is “a purely economic question, not political.”

Regarding the volume of its arms sales, Russia is still “behind the United States, but we’re seeing certain rather serious progress,” Lavrov said. The Mexican government is interested in acquiring different types of weapons, “including helicopters for coastal monitoring,” and other equipment “to fight drug trafficking and organized crime, that I hope will help our Mexican friends to combat this scourge,” the Russian official said.

The United States is already supplying Mexico with arms and equipment for the drug war.

more @ la herald tribune

5. get the minerals in Africa, especially West Africa: African Minerals on track in Sierra Leone as 9.7 billion tonnes of iron ore discovered — largest deposit in the world. shorter: how lucky is Frank Timis?

Somewhere in London, deliberating on his success and probably a glass of ice-rock vodka in his hands, Frank Timis must be filled with excitement and accomplishment as his venture in Sierra Leone has started to yield results. Timis has invested faith and trust in his sense of discernment and has allowed his instinct which has proven time and again to be right, to take on a venture in a small West African country rich in minerals, that has become a second home for him. Timis has employed right judgement and his confidence in the mineral wealth of Sierra Leone may have finally paid off.  It is also a vindication for the country’s President Ernest Bai Koroma whose unwavering belief in African Minerals’ potential has not been disappointing.  I wonder what is going through Frank Timis’ mind as he reflects back on how risk can sometimes become your best financial asset.  But it all comes down to how risk is managed through effective implementation of business acumen that has been tried and trusted. Frank Timis must be a master in risk management that ensures successful outcome. The success of African Minerals in Sierra Leone can only go to open new frontiers for the company in other mineral resource potential areas across Africa. And his success in Sierra Leone will  also provide a model for other African Governments to use in order to open their doors to a man whose name has become synonymous with prosperity and mineral wealth.

more @ newstime africa

6. Niger & Nigeria, falling apart or being dismantled: gunfire erupts in Niger capital

NIAMEY (Niger) - MACHINE gun and heavy weapons fire erupted in Niger’s capital, Niamey, on Thursday and smoke was seen rising from the presidential palace, witnesses said, in what appeared to be an attempted coup.

There was no indication of who was involved, the witnesses said, though political tensions have risen in the uranium exporting nation in recent months over President Mamadou Tandja’s extension of his rule. An intelligence officer, who asked not to be named, said the violence was a coup attempt that the presidential guard was trying to put down. A member of Tandja’s entourage in the palace said that ‘for now everything is alright.’

The shooting started around 1200 GMT, witnesses said. A Reuters witness said soldiers were blocking the road near the Prime Minister’s office. Tandja drew widespread criticism and international sanctions after dissolving parliament and orchestrating a constitutional reform that gave him added powers and extended his term beyond his second five-year mandate, which expired in December.

Despite political turmoil and occasional Tuareg rebellions, Niger has attracted billions of dollars in investment from major international firms seeking to tap its vast mineral wealth, including France’s Areva and Canada’s Cameco. — REUTERS

straits times

7. terrorism and sports: police confirm terror threat to India-SA Jaipur stadium match


JAIPUR: Police have confirmed a terror threat to the first ODI match between India and South Africa to be played at the Sawai Mansingh stadium in Jaipur on February 21, following which security has been tightened. B.L. Soni, inspector general of Rajasthan police, said his force had intelligence inputs of the threat.  “We have terror inputs of the threat and beefed up security at Sawai Mansingh Stadium (the match venue),” he said.

Intelligence agencies had earlier warned about terror strikes during various sporting events to be held in the country this year including the Hockey World Cup and the Commonwealth Games. However, Home Minister P Chidambaram has assured all the visiting countries of foolproof security for the upcoming sporting events.

source

soooo happy

Wow those guys look like they won the lottery, huh?

image caption:
International Monetary Fund’s Managing Director Dominique Strauss-Kahn (L) shakes hands with the Central Bank Governor of Syria Adib Mayaleh prior to the Group of 24 (G24) meeting at the Istanbul Congress Center in Istanbul October 2, 2009.

REUTERS/IMF/Stephen Jaffe/Handout

The IMF and World Bank are meeting in Istanbul, Turkey from October 4-7.

ISTANBUL (Reuters) - The Group of 24 nations on Saturday called for a significant shift in IMF voting power to developing nations and a doubling of members’ quotas to raise more resources for the global financial institution.

The G24, which includes emerging and developing countries from Latin America, Africa, the Middle East and Asia, called for a “political commitment” to shift 7 percent of quota shares from rich to developing countries. That is larger than the 5 percent shift announced by Group of 20 major nations in Pittsburgh last week ahead of a January 2011 target for overhauling the voting system of the IMF, which has long been dominated by Europe and the United States.

The G24 also called for a seat at the G20 to make it more representative of developing countries. Most of the G24 countries, such as Iran, Nigeria, Colombia and the Philippines, are not G20 members.

“The redistribution of quotas must not be at the expense of other developing countries and must be based on a reformed quota formula which addresses the present deficiencies and bias against developing countries, including inadequate reflection of the potential need for Fund resources,” the G24 said in a communique before IMF and World Bank meetings in Istanbul.

The G24 has been vocal about the need for a major rebalancing of IMF voting power to reflect the rise of emerging market countries in the world economy.

The G24’s call for a doubling of IMF members’ quotas, which determines their voting power in the Fund, mirrored a speech by IMF Managing Director Dominique Strauss-Kahn on Friday in which he called for a further increase in IMF resources that would allow it to become a “credible” global lender of last resort.

The IMF received a $500 billion boost in its resources in April but emerging market countries China, Brazil and Russia have made it clear their contribution is not permanent unless they are given a greater say in the institution and also in how the funds are used.

Amar Bhattacharya, director of the G24 Secretariat, said more resources for the IMF would also discourage nations from trying to self-insure by accumulating large currency reserves. [LIKE for example:] Asian countries have been wary of the IMF’s handling of the region’s financial crisis in the 1990’s and have amassed trillions of dollars in savings to avoid ever going back to the IMF.

The G24 also said the threat of a deep and prolonged global recession appears to be receding. But it noted the crisis had exacted a heavy toll on developing countries and called on the IMF to pay closer attention to advanced economies, which were at the center of the crisis and have often ignored the Fund’s advice.

“In this connection surveillance of systemically important countries should be even handed and more effective,” G24 chairman Adib Mayaleh, who is also Syria’s central bank governor.

[oh by the way:] The G24 also called for an expanded role for IMF Special Drawing Rights, the fund’s internal unit of account, in the international monetary system.

Sounds like some smaller countries are banding together and throwing their weight around against some bigger countries, and this is good with Mr. Dominique Strauss-Kahn. He seems very happy about this. He looks so happy, doesn’t he?

And those SDRs? Never heard of them? Me either. But Ellen Brown knows what they are.

The IMF may have catapulted to a more exalted status than that. According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of last week’s G20 Summit in Pittsburgh was that “the IMF is being anointed as the global central bank.” In a CNBC interview on September 25, Rickards said, “They’ve issued debt for the first time in history. They’re issuing SDRs. The last SDRs came out around 1980 or ’81, $30 billion. Now they’re issuing $300 billion. When I say issuing, it’s printing money; there’s nothing behind these SDRs.”

OK, so, no wonder he looks so happy. If I understand, and I’m not saying I do, the IMF has just become what the Fed is, except for the whole world. Which means Mr. Strauss-Kahn is now Ben Bernanke on steroids.

The Fed, which is owned by a consortium of banks and was set up to serve their interests, is tasked with seeing that the banks are paid back; and the only way to do that is to inflate the money supply to create the dollars to cover the missing interest. But that means diluting the value of the dollar, which imposes a stealth tax on the citizenry; and the money supply is inflated by making more loans, which adds to the debt and interest burden that the inflated money supply was supposed to relieve. The banking system is basically a pyramid scheme, which can be kept going only by continually creating more debt.

And that brings us back to the IMF’s stimulus package discussed last week by Professor Buckley. The $500 billion package was billed as helping emerging nations hard hit by the global credit crisis, but Buckley said that he doubts that is what is really going on. Rather, the $500 billion pledged by the G20 nations is “a stimulus package for the rich countries’ banks.”

Why does he think that? Because stimulus packages are usually grants. The money coming from the IMF will be extended in the form of loans.

The IMF is back in business, but it’s the old unseemly business of serving as the collection agency for the international banking industry. As long as third world debtors can service their loans by paying the interest on them, the banks can count the loans as “assets” on their books, allowing them to keep their pyramid scheme going by inflating the global money supply with yet more loans. It’s all for the greater good of the banks and their affiliated multinational corporations, funded with $500 billion from the taxpayers of the G20 nations.

Just last week World Bank president Robert Zoellick said:

“The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency,” he said. “Looking forward, there will increasingly be other options.”

That’s what I said, booty-traps.

The Geneva-based UN Conference on Trade and Development (UNCTAD) called for a global currency in a report made public on September 7. UN countries should agree on a global reserve bank to issue the currency and to monitor the national exchange rates of its members, UNCTAD said. The dollar’s role in international trade should be reduced to protect emerging markets from the “confidence game” of financial speculation, it said.

Heiner Flassbeck, a former German deputy finance minister, is co-author of the report calling for a global currency. He worked with then U.S. Deputy Treasury Secretary Lawrence Summers in 1997-98 to contain the Asian financial crisis. Summers is a longtime Bilderberg luminary and has been photographed by AFP at annual secret Bilderberg confabs.

Eliminating national currencies has long been a goal of Bilderberg as a crucial step in its plan to establish a world government. A nation’s currency is a symbol of sovereignty, so Bilderberg wants to divide the world into three giant regions, each with its regional currency, for the administrative convenience of its world government bureaucrats.

Lawrence Summers helped contain the Asian crisis. Returning to the Reuters story:

Amar Bhattacharya, director of the G24 Secretariat, said more resources for the IMF would also discourage nations from trying to self-insure by accumulating large currency reserves. [LIKE for example:] Asian countries have been wary of the IMF’s handling of the region’s financial crisis in the 1990’s and have amassed trillions of dollars in savings to avoid ever going back to the IMF.

I see. The Asian countries would like “to avoid ever going back to the IMF,” after receiving help in the 1990s from people like Lawrence Summers, a longtime Bilderberg luminary, so they have accumulated large currency reserves — ie: savings, so that they don’t have to borrow from the HELLHOLE IMF — and the new changes celebrated by Mr. Strauss-Kahn will discourage this sort of self-preservation type-activity.

So he is very happy, so very happy. And the Central Bank Governor of Syria is also very happy.

And Mr. Zoellick, humanitarian* that he is, had this to say on the eve of the G20 summit:

“If leaders are serious about creating new global responsibilities or governance, let them start by modernising multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies,” Zoellick said. “Bringing sunlight to national decision-making [ie: DESTROYING NATIONAL SOVEREIGNTY] would contribute to transparency, accountability, and consistency across national policies.” [Indeed.]

[He went on to say blah blah blah blah help poor people blah blah blah....but this is the salient point.]

* “Zoellick, former Executive Vice President of Fannie Mae and advisor to Goldman Sachs, is a top elitist who was intimately involved in the Enron scandal and the 2000 presidential election debacle. He was also a signatory to the Project For A New American century document that called for invading Iraq as part of implementing a brutal world empire in 1998. He was later a foreign policy advisor to George W. Bush. As to be expected, Zoellick is a member of the Council on Foreign Relations and the Trilateral Commission. He also attended the annual invitation-only conferences of the Bilderberg Group in 1991, 2003, 2006 and 2007.”

And, just to make things extra-confusing, Iran did the following, which would presumably endear them to people like Mr. Zoellick and Mr. Strauss-Kahn:

Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts. The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported. Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro. Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent. Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar. The move will also help decouple Iran from the US banking system.

Or maybe I misunderstand. I do that sometimes.

Dirty

Corrupt intelligence services, including but not exclusively the CIA, have been for decades running amok. They use black budgets derived from drug running, gun running, human trafficking and money laundering, among other things, to finance their destabilization activities and buy off whoever might be in the way. That can include businesspeople, politicians, judges, law enforcement…anyone who has a price. Those without a price most likely get whacked if they know too much, like all those bankers who have recently been ’suicided.’ Any casual observer who spends enough time reading up on the real state of affairs in our world knows it’s just like the movies, but worse. People are venal.

This game has now circled the globe so many times that it has trapped just about everyone of consequence in its snares. As Christopher Story explains in his latest installment, the Rule of Law cannot be applied because to do so would result in the arrest of practically our entire ruling class. Nonetheless, the corruption now draws like a lasso around the bullshitters.

Here are some indications that bright lights now shine in dark corners:

The CIA Beyond Redemption and Should Be Terminated

The Central Intelligence Agency(CIA) has confirmed the worst fears of its creator President Harry Truman that it might degenerate into “an American Gestapo.” It has been just that for so long it is beyond redemption. It represents 60 years of failure and fascism utterly at odds with the spirit of a democracy and needs to be closed, permanently.

Over the years “the Agency” as it is known, has given U.S. presidents so much wrong information on so many critical issues, broken so many laws, subverted so many elections, overthrown so many governments, funded so many dictators, and killed and tortured so many innocent human beings that the pages of its official history could be written in blood, not ink. People the world over regard it as infamous, and that evaluation, sadly for the reputation of America, is largely accurate. Besides, since President Obama has half a dozen other major intelligence agencies to rely on for guidance, why does he need the CIA? In one swoop he could lop an estimated 27,000 employees off the Federal payroll, save taxpayers umpteen billions, and wipe the CIA stain from the American flag.

If you think this is a “radical” idea, think again. What is “radical” is to empower a mob of covert operatives to roam the planet, wreaking havoc as they go with not a care for morality or, for that matter, the tenets of mercy implicit in any of the great faiths. The idea of not prosecuting CIA interrogators (i.e., torturers), as President Obama has hinted, is chilling. These crimes have to be stopped somewhere, sometime, or they will occur again.

Precisely accurate, unfortunately. And the whole things runs on laundered fiat money. But as the fiat money laundering machine grinds to a halt, it exposes the CIA. So what does the CIA do? It adds THE ECONOMY to its threat updates…puts it right in the cross-hairs. The very economy that the CIA worked to destroy through decades of corruption, milking it dry by destroying American jobs, by wrecking American minds with illegal drugs, by dumbing us down with official CIA slides, by rampant financial corruption on Wall Street, by embroiling us in wars of choice, and by many other creative ways of concentrating wealth into the hands of criminals like George Bush Sr and his Illuminati pals…you see? The economy has served its purpose. It’s purpose was to be stripped bare, denuded of every treasure, bled dry for the benefit of the masters. Now it will be immolated on the NWO altar, offered as a final glorious sacrifice to world domination.

The daily White House intelligence report that catalogs the top security threats to the nation has a grim new addition, reflecting the realities of the age: a daily update on the global financial crisis and its cascading effects on the stability of countries through the world.
The first Economic Intelligence Briefing report was presented to the White House yesterday by the CIA, the agency’s new director, Leon Panetta, revealed at a news conference. The addition of economic news to the daily roundup of terrorist attacks and surveillance reports appears to reflect a growing belief among intelligence officials that the economic meltdown is now preeminent among security threats facing the United States.

“We’ve seen the impact of a worldwide recession occur throughout the world,” said Panetta, who described the agency’s newest product at his first news briefing since his confirmation. Instigated at the request of the White House, the daily report will ensure that U.S. policymakers are “not surprised” by the aftershocks from bank failures and rising unemployment, he said.

Rich, rich, rich. How could they be surprised? Is this not what they have been planning over the course of many years? Perhaps it’s more accurate to say that these reports allow the corrupt intelligence services to savor every detail of this ultimate sacrifice. Look how the people lose their jobs….delicious. Look how their dollars lose purchasing power….scrumptious. Look how they despair….just orgasmic. Our economy imploding is NWO porn.

The spy agency is following worrisome trends in many corners of the globe, from East Asia to Latin America. In private meetings yesterday, Latin American intelligence officials warned their U.S. counterparts of a crisis spreading throughout the hemisphere, particularly in Argentina, Ecuador and Venezuela, Panetta said.

“Clearly, it’s related: What happens in the economy, and what’s happening as a result of that, is affecting the stability of the world,” he said.

YES!!! Come on, instability….we’ll have them all over a barrel soon….oh yeah….can’t wait. We can kill them in wars, we can starve them, we can make them fight each other, we can set loose our terrorist attacks and biological weapons. It’s gonna be such fun. We’ll shake them down for their last pennies. Soon they’ll be eating out of our hands, begging us, docile, helpless, broken for good.

I’m sorry. Do you think I’m being harsh? Perhaps unfair? Do you think that the corrupt, psychopathic criminal elements ruling the world don’t relish the monstrous desctruction taking place? They do. They think that they will survive and we will perish. They think they have it all figured out. They have the money, they have the weapons, they have the media, they have the will. They want to take us all down and grind us under their boots. That is what these dirtbags have in mind.

Imagine their surprise when it doesn’t work out. Relish that thought. Hold it in your mind and savor it, because it will come to pass. One of these days we’re going to eat these pigs for supper, and they’ll feed the whole world.

They don’t even try to hide it anymore

All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. - Joseph Conrad

District’s Carlyle Senses a Profit in Toxic Bank Assets

Seeking to jump-start the economy, Treasury Secretary Timothy F. Geithner last week said he will seek private-sector help for the banks, offering loans at favorable rates and putting up government backing to reduce the risks to investors like Carlyle.

With $40 billion in cash on the sidelines waiting for the right play, Carlyle could find many profitable deals in the financial sector.

Two of the firm’s co-founders, William E. Conway Jr. and David M. Rubenstein, have been saying for months that there is a role for private equity in the bank bailout and that there’s money to be made.

“Private equity has a lot of experience buying assets at distressed prices, and we expect to see a lot of attractively priced assets,” Rubenstein said in a September interview. “It’s likely that private equity will be a big investor in this area. It’s good that private-equity firms are in good shape and have the resources to buy some of these assets and help the system.”

What system is that, asshole?

from george ure

A reader sends this timing note:

“I don´t know if anybody follows this, but there is something called the “Economic Pi Cycle” which was developed by Martin Armstrong. The predictions based on this model were astonishing.

The last time I “used” it was “2007.15″ (02/27/07). Two weeks before that date, I sold everything … accumulated Gold and fled into German Bunds. Everybody thought I was nuts (I might have been.) My wife thought I was nuts, but since my investment decisions had brought us double digit returns every year she let me do. In the 02.27.2007 … the full day nothing really happened and I went to bed at about 21:30 thinking that I really had gone mad. Next morning I read the newspaper and read that Asian Stock markets had collapsed … Greenspan had just said that the US was going to enter a recession … and the first bank did a first massive write off. You can´t imagine how shocked I was.

The intersting thing about telling this, is that the next day in the model is approaching. The model is very similar to the elliot wave theory, only it is based on a much wider time frame and has a multitude of waves operating simultaneously. The next date is 2009.3 which equates to 04.23.2009. According to the model something is going to collapse .. the collapse will be monumental … it is one of these things where we do not know what .. but when and in which direction … Confidence of the next 3 years is going to be shattered to levels unknown to our generation.

Make what you want of it ….”

I too am a fan of Armstrong’s work. As I read it, he’s such a dangerously accurate guy in his work that he ended up being locked up for seven years on contempt charges and after the government finally got a guilty plea out of him in 2007, gave him 5-years, so he will be out in either 2011 or 2012, not sure how the ‘good behavior’ thing works with the federal corrections system.

To know the road ahead, ask those coming back.

If only we could. Nonetheless, some people have displayed a track record for predicting things that have come to pass, in some cases years in advance. And based on what they have said, it seems for real that the current financial system is going to be destroyed. If not, some things would have to happen. The banks would be forced to write off their betting slips as being worth Zero. Zero. They are worthless, and as pointed out by Chuck Simpson, totally contrary to public policy. Consumer debt would be restructured to reflect real property values. The banks would take the hits and close if they must. The rule of law would be reinforced. And yet none of this will happen. On the contrary, the opposite of this is happening. As best I can tell, we are guaranteed hyperinflation and the destruction of the US dollar in the near future.

And why is this happening? For one thing, it’s because we have no rule of law. The rule of law is a joke. The people who have been running this country and vast swaths of the world for many years do not ever, ever worry about the rule of law until they get entangled in it. And at that precise moment, the rule of law that they trampled over for years becomes The Rule of Law, and they avail themselves of absolutely every single opening in The Rule of Law that might help them squeeze out of trouble. And who can say anything about it? After all, we who always cry about enforcing the rule of law cannot complain when the criminals avail themselves of The Rule of Law, can we? Of course not. So most of them get away, one way or another. And since there have been no really huge arrests to speak of, and no really dreadful, mind-boggling evidence of corruption, which would stop them in their tracks, made public (meaning on teevee of course, since hardly anybody reads and the interwebs are safely ignored, being full of kooky conspiracy theorists), the entire world-wide Ponzi scheme continues to ooze forward inexorably toward the edge of the White Cliffs of Dover, where it will slide over the edge like a giant blob under the forces of gravity and physics, and it will all be over very quickly thereafter. This much seems certain now.

But what happens after that? Do we go directly into the New World Order? Do we have the chaos and martial law and all that stuff we’ve been dreading lo these many years? Or is there something else planned for us? I don’t know. Meanwhile, tomorrow the mentally-ill Israelis will in all liklihood elect Bibi so that they can feel “secure” in their persons. It feels like today marks something. Whether it’s the end of the beginning or the beginning of the end, I can’t really tell. But it seems certain that as of tomorrow, we will enter a new phase during which the irrevocable decisions made up to now will play out, perhaps like dominoes.

Senators Beaver and Wally Cleaver

Via George Washington’s blog…a few of the honorable senators have decided to send a polite letter to Treasury politely suggesting that, well…gee whiz, they really should ensure that the banks restore lending activity, seeing as we gave them $700B and all. I mean, that doesn’t seem exactly fair or anything, that we let the banks hoard the money like they’re doin.

And I would just like to point out that something like 200 or so of our elected senators and representatives are trained lawyers. So when you see what a fine job they do representing the American people in contract negotiations, with language like this, just keep that in mind. I mean, I think they ’should’ ‘try’, ‘to some degree’, ‘if at all possible’, to grow a pair. Because they might really ‘regret’ losing their cushy jobs, on account of them being such lousy elected representatives and lawyers and stuff, and have to go back to live in their districts with a bunch of pissed-off poverty-stricken former constituents. I mean, gee whiz, that would suck.

Just Because

Over at UrbanSurvival.com they track linguistics on the web to make predictions. And the predictions have been really good. One thing they’ve been pointing out is the use of the term bailout, which we know the government no likey, and the strongly encouraged use of alternative terms like rescue plan. This would be your spin. The latest spin, a rare Quadruple Lutz, is to call the bailout a….wait for it….a buy-in!

Hmm. Umm…no. The correct term is:

bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout bailout BAILOUT Bailout bailout BAILOUT damned bailout Bailout

BAILOUT!!

Waiting to Exhale


What is really going on? I mean really. Under all the covers. Damned if I know. But perhaps we will find out this week.

The bailout or rescue or whatever the hell they want us to call it did not work, can not work, will not work. Bush, Paulson, Bernanke, et. al. used their last Get Out of Jail Free card to sell us this monstrosity. Any people thinking that this bailout fixed our problems will have a furrowed brow as the economy tanks. And since anyone who believed the bailout would work in the first place did not avail themselves of the alternative news universe, that simply means that the big lie will get mainstream exposure. Ruh roh, Shaggy.

The markets have done nothing but go down ever since we got “rescued.” (Click to enlarge, original here.) Now whether or not this has been pre-arranged, and if so by who, and for what purposes exactly, that’s where it all becomes very interesting. I have seen many theories and accusations, and I’m not sure which one to believe yet.

For instance, are the countries of the world united in desiring our comeuppance, as Mike Whitney suggests?

The US is about to join the family of nations and learn how to get along with its neighbors whether it wants to or not. There’s simply no other choice; the dollar is falling, the deficits are soaring, and the financial markets are in a shambles. America will either learn to cooperate or become isolated in a world that is rapidly integrating. It’s “get along or get out”; a message that Washington needs to learn quickly so it can adapt to a new power-paradigm.

Yes; plenty of money will still go into covert operations and CIA-sponsored dirty tricks just to keep alive the hope the Superpowerdom will be restored. That is to be expected. The well-heeled rogues in the British royal family still dream of rebuilding the Empire, too. But realists know that it’s just a harmless fantasy. Nothing will come of it. Empire’s have a short shelf-life and they’re impossible to stitch-back together. They usually end on a corpse strewn battlefield or in a towering financial bonfire which leaves nothing behind but a pile of ashes and shards of broken glass. We can only hope that the yawning economic chasm ahead of us all, will involve less hardship than we anticipate. But when a nation sows dragon’s teeth, it shouldn’t expect a harvest of sweet plums.

No mention of Israel anywhere though…I mean, it would be really rude to point out Israel’s profound influence over American foreign and domestic policy at a time like this (when it has all failed miserably), besides their power and ownership within the totally corrupt banking system (please don’t mention their connection to that abysmal failure), and certainly, Israel has not been too much in the news lately, you know, as they’ve been at other times…with everything turning to shit and all over here. The focus seems to be strictly on the US. Is that appropriate? I don’t know. It’s just something I happen to notice.

But don’t you worry. If Obama wins, he promises to increase US aid to Israel!

Obama would honor existing agreements concerning aid to Israel and would work toward “increasing aid to Israel to USD 30 billion over 10 years,” a spokeswoman for Obama told Israeli business daily Globes.

In the vice presidential debate last week, Obama’s running mate Senator Joe Biden said their administration would have to hold back on plans to double foreign aid in general, in light of the financial crisis in the US.

Most of US aid to Israel is in form of military aid and Israelis have received more US military assistance than any other nation. Since 1987, the US has provided an annual average of USD 1.8 billion in military assistance to Israel.

Right. Don’t know where the hell we’re gonna find that money to give to poor Israel, but if all else fails hopefully we can borrow it from the Chinese, like the $700 billion we borrowed to bail out the greedy speculators on Wall Street, and your great great grandchildren can pay that back by digging ditches with teaspoons or something.

But nevermind all that. The thing right now is to think positive thoughts. And I say that because in all seriousness, this entire situation has become so laughably out of control, and utterly unsustainable, that it cannot go on much longer. We must sink or swim, and we must do it now.

Well, I guess we’re all set then?

Right?

They got their way. They got their billions and billions, and we were told this had to happen or else!

So now the threat has been lifted, right? Isn’t that the deal?

Because surely we are all paying close attention from here on in. We just paid dearly for things to be put back in working order. And if things do not go directly to working order, then I’m pretty sure we’re all going to notice. And that will be very problematic for the people who just promised to fix all the problems if only we paid them enough money.

Don’t think of this as a liability on our balance sheet. Think of it as a liability on their balance sheet. It will be rather obvious when they screw us next week.

I’m suggesting that might be a good thing, as all pretenses will soon be finally and irrevocably discarded. The truth is going to come out for all to see, and the tables are going to turn. We have something very powerful on our side, and it’s not money.