Wednesday November 10th 2010

Wanna lose your soul?
Special Note - Many people in this country have already made that choice in the affirmative, and it is going to be rather hard on them, really, really, hard. - mpg - A quote...."When we don’t exercise our bodies, our muscles become weak. When we do not exercise our minds, what has the potential to be a steel trap begins to rust and it’s springs lose snap. - Our conscience, that regulates our morality, also becomes rusty and weakens if not used. Ignore your conscience long enough and you might lose your soul. - A soul-less being has no empathy for others. Lose your empathy, and you’ll know you’ve lost your conscience, on the way to losing your soul."
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M.I.C. Product™
11-10-10
mpg

FULL METAL JACKET PART II: The War Comes Home: PTSD Vets Causing a Rise in Crime
Case in point. - mpg -- A quote...."The Army and Marines take young people and rob them of their human emotions so they can kill without remorse. From my experiences in the Army's Basic Training and Advanced Individual Training courses, they strip you down physically, mentally, emotionally and spiritually and turn you into a killing machine. -- You're also taught not to think in dangerous situations, just react and protect yourself and the mission by using massive firepower. -- Are these PTSD damaged troops that return home only here in body? Is their mind still in 'combat mode,' ready to blast away at any perceived threat? Depression, anger, insomnia, nightmares, flashbacks, paranoia are among its symptoms. Its sufferers often fall into alcoholism and drug addiction, some beat or shoot their wives or girlfriends."

Before engaging in a bout of insincere, maudlin, sentimental, clap-trap, we should all keep in mind these people volunteered for this, they did this to themselves, but most importantly, they did it for a bunch of  greedy Banksters and their unholy profits....that's the reality.

Smash countries to ruins (Remember shock & awe?), savagely and mercilessly destroy their infrastructure, their citizens culture, and their way of life.  Kill and maim millions of innocents all the while deliberately terrorizing those still left alive as much as possible, put the population deeply into debt, occupy them for decades, force them to use your paper script, charge them ruinous rates of interest.  All so you can steal their natural resources in exchange for those little bits of green pieces of paper which are so cheap for the US-NRE's Banksters to print, but so horribly expensive for everyone to use.  It's that simple folks, everyone knows how the "Great Game" is really "played".

The US-NRE's Banksters have been "playing" it this way for almost ninety years, so let us not pretend "we didn't know", let us not whine and state petulantly "we had no idea", let us not think, even for a moment, that anyone in the world would believe us if we tried to do so, let us ALL retain what little dignity we still posses and acknowledge the brutal, harsh, reality of the situation. Those who joined the US-NRE's military voluntarily became a bunch of low-life gang-bangers, they chose to work for a Bankster owned, loan-sharking, syndicate, a monetary cartel of the warfare state, and they were doing exactly what they were paid to do.

They let themselves be turned  into "M.I.C. product™", a product that exceeded its manufacturer's warranty, a product that let itself be used up to be later discarded by the Banksters and their pals in the Military Industrial Complex.  A once former asset that later become a burdensome liability, now nothing more than  a collection  of badly damaged bio-weapons components, to be gotten rid of as cheaply and quickly as possible.

Some of these discarded components will of course occasionally explode, as does any improperly disposed of defective military ordnance left lying around after a war.  Just think of the millions of lost bombs, land mines, cluster bomblets and toxic chemicals left strewn across the globe from the Empire's constant wars for profit, still killing and maiming people to this very day.

Other components, to badly damaged to retain any productive value, but not of the type to explode, or self-destruct, will simply be slated to slowly rust and wither away.  Some are stored in poor neighborhoods or if damaged severely enough, warehoused in government run facilities. Preferably out of sight and out of mind.

"War is a Racket", those who joined knew what they had signed up for, or they should have.

And 9/11 was a set-up, many knew it at the time, most everyone knows it now.  All the evil, rotted, fruit that fell from that dark, twisted and poisonous tree called 9/11, including all its wars, its slaughters, its tortures, its prisons, the destruction of Habeas Corpus, the Geneva Conventions, the Nuremberg Principles and the rule of law were based on monstrous lies, and malevolent, long planned conspiracies, and are crimes against the whole of humanity and the peoples of every nation on earth, including those living here in this nation.

All who participated in these crimes and all who later followed willingly in the perpetrators footsteps to further these plans of mayhem and murder are therefore, treasonous, criminal, murderous, thieving, liars.

Not one tear will be shed by this website editor, nor should any be shed by anyone else, for those who would knowingly consign themselves to such a dark path, those who would willingly commit such horrendous acts of evil and the trials and tribulations they shall endure for the rest of their lives for what they have done. - mpg.
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U.S. Military Bulldozes through Kandahar
Related Article - A quote...."The U.S. military has destroyed hundreds of Afghan civilian homes, farm houses, walls, trees and plowed through fields and buildings using explosives and bulldozers in war-torn Zhari district, a practice that has begun to anger Afghan villagers."


Topix ||  The Method - 05-07-07 - mpg  ||
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Nir Rosen on "Aftermath: Following the Bloodshed of America’s Wars in the Muslim World"
A quote...."Independent journalist Nir Rosen has been covering the Middle East since the US invasion of Iraq in 2003. In his new book, Aftermath: Following the Bloodshed of America’s Wars in the Muslim World, Rosen writes in length about Iraq, the U.S. occupation, the civil war, and how the war affected the broader Middle East, from Jordan to Syria to Lebanon. Rosen also writes about Afghanistan and his time unembedded with the Taliban, as well as the role of independent media and the failures of the U.S. press. [includes rush transcript]" --  ||  Real Video Stream  ||  Real Audio Stream  ||  MP3 Download  ||  More…  ||

Letter to British Liberal Democrats: protecting war criminals “just about lowest thing anyone could do”
Contains Video - IsraeliWC(1/2) - IsraeliWC(2/2) - It ain't gonna happen.  If the British people allow their craven, butt-kissing, politicians to throw out their own Magna Carta and spit on their national sovereignty, along with the Nuremberg Principles, the Geneva Conventions, and the U.N. Charter....all so five million Israeli Mini-Nazis can continue murdering Palestinians civilians with impunity and WORSE, so they can later be feted by these very self-same crawling, likspittle, Israeli lackeys, the British and their children deserve to be ground into the muck by their parasites just as the Palestinians are by theirs.  Nobody could possibly be that stupid (except for Amerikans of course), so most likely - and quite thankfully - the British people aren't going to allow this act of craven cowardice to happen. - mpg - A quote...."Stuart Littlewood challenges Britain’s Liberal Democrats, the junior partners in the Conservative-led governing coalition, to confirm or deny Foreign Secretary William Hague’s claim that they had agreed to amend UK law so that Israeli war crimes suspects can visit Britain without fear of prosecution under universal jurisdiction." - also posted at AlethoNews

Sun sets on US influence in Iraq as deal on new government looms
They've been saying a "deal" was close for the last eight months! - mpg -- A quote...."The United States is facing a decisive political defeat in Iraq over the formation of a new government, as its influence in the country sinks lower than at any time since the invasion of 2003."

Iran to Test Fire New Domestically Built Version of S-300 System
A quote...."We had plans to purchase the S300 from Russia as part of our agenda to meet some of our security needs, but under pressure from US and Israel, [Russia] refrained from delivering the defense system to our country under the pretext of the UN Security Council Resolution 1929: Top Military Official."

Iran building its own anti-aircraft missile system
Related Article - A quote...."TEHRAN, Iran – Iran is building its own advanced anti-aircraft missile system, after Russia wouldn't sell it one, a top commander of Iran's elite Revolutionary Guard said Wednesday. -- Gen. Mohammad Hasan Mansourian said Iran will soon test its own version of the S-300 missile system, which is still being developed at military industrial sites, the official IRNA news agency reported."

Acclaimed Indian Author Arundhati Roy on Obama’s Wars, Poverty and India’s Maoist Rebels
A quote...."Maoist rebels in India called for a strike Monday to protest President Obama’s visit. The Indian media reports Maoists blew up a new school building and killed four persons in the eastern Indian states of Orissa and Bihar. We speak with author and essayist Arundhati Roy about the struggle of the Maoist rebels in India and her assessment of President Obama. [includes rush transcript]" -- ||  Real Video Stream  ||  Real Audio Stream  ||  MP3 Download  ||  More…  || 

US approval of arms pact with Russia looking shaky - No one should be surprised. - mpg
A quote...."Senate approval of President Barack Obama's nuclear arms treaty with Russia, which once looked close to a sure thing, is now in jeopardy. -- The administration is scrambling to get enough Republican support in the Senate to ratify the New START treaty before the Democrats' majority shrinks by six in January. But Republicans have little incentive to give Obama a big political boost after leaving him reeling from their strong gains in last week's congressional elections." - also posted at YahooNews

The uninvited guest: Chinese sub pops up in middle of U.S. Navy exercise, leaving military chiefs red-faced
A quote...."American military chiefs have been left dumbstruck by an undetected Chinese submarine popping up at the heart of a recent Pacific exercise and close to the vast U.S.S. Kitty Hawk - a 1,000ft supercarrier with 4,500 personnel on board. -- By the time it surfaced the 160ft Song Class diesel-electric attack submarine is understood to have sailed within viable range for launching torpedoes or missiles at the carrier. -- According to senior Nato officials the incident caused consternation in the U.S. Navy."

Bulgaria to host South Stream section
A quote...."Bulgaria will host the root land section of the Russian South Stream gas pipe to Europe that crosses the Black Sea. -- Its government Wednesday sanctioned a joint company with Russia’s Gazprom for building and operating this section."

Fidel Castro Meets with Hugo Chavez
A quote...."Havana, Nov 10 (Prensa Latina) The leader of the Cuban Revolution, Fidel Castro, held a fraternal, four-hour meeting with Venezuelan President Hugo Chavez."

Documents Leak from Notorious US-Backed Unit as Obama Lands in Indonesia
A quote...."JAKARTA - Secret documents have leaked from inside Kopassus, Indonesia's red berets, which say that Indonesia's US-backed security forces engage in "murder [and] abduction" and show that Kopassus targets churches in West Papua and defines civilian dissidents as the "enemy.""
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Pentagon moves to quickly close investigation of mystery missile
A quote...."US military officials announced Wednesday that the Pentagon was “satisfied” that the giant contrail seen Monday evening off the Southern California coast was the product of an airplane flight, not a secret missile launch. Colonel David Lapan, a Pentagon spokesman, told reporters, “There’s no evidence to suggest that it was other than an aircraft.”

Whose Tea Party?
A quote...."With the 2010 general elections over, attention shifts – as it always does following each election – to consideration of the next presidential steeplechase. "Who’s it gonna be?, who’s it gonna be?, who’s it gonna be?," is the refrain already begun on CNN, Fox News, MSNBC, and other directors of the Boobeoisie Chorus. For a politically-centralized society to maintain its pyramidal structure, it is essential that men and women be constantly reminded of their subject status. An ongoing curiosity as to the identity of their future masters keeps their minds from wandering to more important matters." - Like where their next meal is going to come from, why they were kicked out of their homes, where all the money went, who took it....stuff like that.  Hey did you hear about that second dead blonde they found in Aruba? --- Just kidding. - mpg -- Topix - ||  The Tea Party - Another False Front  ||

U.S. Justice Department prepares for the ominous expansion of law prohibiting ‘material support’ for terrorism
A quote...."In late September the FBI carried out a series of raids of homes and anti-war offices of public activists in Minneapolis and Chicago. Following the raids the Obama Justice Department subpoenaed 14 activists to a grand jury in Chicago and also subpoenaed the files of several anti-war and community organizations. In carrying out these repressive actions, the Justice department was taking its lead from the Supreme Court’s 6-3 opinion last June in Holder v. the Humanitarian Law Project which decided that non-violent First Amendment speech and advocacy “coordinated with” or “under the direction of” a foreign group listed by the Secretary of State as “terrorist” was a crime."

Justice Probe of CIA Torture Evidence: Another Whitewash
A quote...."Here's why the Justice Department's halt to its probe of CIA obstruction of justice involving torture looks like another whitewash. (left-US Attorney General Eric Holder) -- The DOJ compromised its probe from the beginning in 2008 by assigning it to Connecticut federal prosecutor John Durham, whom courts have twice implicated in suppressing evidence. In one of those cases, a federal judge rebuked him also for what she described as "severe misconduct" during cross-examination."

Flight Attendants Speak Out As TSA Revolt Explodes
A quote...."The revolt against invasive security procedures at airports continues to explode as flight attendants and a second pilot’s union have joined the huge chorus of complaining travelers that are faced with the choice of walking through radiation spewing naked imaging machines or having their genitals and private parts groped by TSA operatives."
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More On The Palestinian Situation....

Bombs target Israeli army on Gaza border
Resistance Tactics Alert - If the Palestinians start using IED's and EFP's, the Israelis are going to be in a lot of trouble. - mpg -- A quote...."GAZA CITY (Ma’an) -- Two armed groups in the Gaza Strip launched separate attacks targeting Israeli forces who entered the enclave Wednesday morning, while soldiers shot and injured a Palestinian worker. -- The armed wing of the Islamic Jihad movement said its operatives planted a landmine which exploded under a military bulldozer that crossed into the southern Gaza town of Al-Qaraqa, east of Khan Younis, using the Kissufim gate."

J'lem attorney discloses Israeli plan for full destruction of city
A quote...."OCCUPIED JERUSALEM, (PIC)-- The Israeli government is “planning to completely destroy the city of Jerusalem and a erect a new Jerusalem with a Zionist vision amid a plan it prepared which it calls the Jerusalem 2020 plan,” Jerusalem attorney Ahmed Al-Ruwaidi said in a statement he released Wednesday."

Israeli Army raids Bil’in for the fourth time in three days
A quote...."Today, the 10th of November, Israeli forces again raided the village of Bi’lin. The Army entered at around 8 pm for the second time that day. -- This morning around 3.00 am, they entered the village with five jeeps and searched Ashraf al-Khatibs home. Soldiers broke down the door of the neighbor’s house and went in. They were not able to find who they were looking for in either house. Later that morning when people from the village arrived, the 20 soldiers pointed their guns directly in their faces, while acting very aggressively. They also broke the door from al-Khatib’s house when they entered." - also posted at Uruknet

Israel Challenged: Colonialism and Apartheid are not Legitimate
Boycott, Divest and Sanction the ENTIRE state of Israel!! Because ask yourselves, has anything else worked? - mpg -- A quote...."Once again, the specter of the suppression of academic freedom has been invoked in what is now becoming an organized campaign to counter the growing global movement for Boycott, Divestment and Sanctions (BDS) of Israel, and the academic and cultural boycott in particular.  This time, a number of American, European, and Israeli Nobel laureates have been enlisted in the campaign, in the hope that their plea to defend “academic freedom” will stem the tide of this ever-expanding movement." - also posted at Uruknet - For more on how to Boycott, Divest and Sanction the state of Israel see the upper-left-corner of the "Front Page" of this website.
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What Really Happened with Michael Rivero – November 10th, 2010
MRVideo - Alt - (JustInTV - 2hrs - November 4th, 2010) - Source:  MichaelRiveroTV -- Micheal Rivero covers more crimes of the empire. - mpg

Report №93: Markets! Finance! Scandal!
MKVideo - Alt - (MKYuTb - November 09, 2010) - Source:  RussiaToday - Producer:  Max Keiser TV -- A quote...."(RussiaToday) – This week Max Keiser and co-host Stacy Herbert look at the scandals of shameless Britain and Wall Street’s cash cow. In the second half of the show, Max talks to David Morgan about the silver market."

Gonzalo Lira And The Boiling Frog: Effects Of QE2 On The Bottom 80% Of The U.S. Population
Special Note - A quote...."....although we can’t easily quantify it, we can comfortably make certain claims about the effects of rising consumer prices on the population. -- The first claim I would venture to make—and one that I don’t think will be particularly controversial—is this: Any household spending more than two-thirds of their after-tax income on food, housing, clothing and transportation will suffer an immediate, negative impact from the Fed’s efforts at induced inflation. -- That covers pretty much the bottom three quintiles of American households. So 60% of the U.S. population will suffer an immediate effect of rising prices—the stated policy goal of Ben Bernanke’s QE2."

Fed's QE2 Misadventure Costs U.S. Households $4.6 Trillion
Special Note - A quote...."The Federal Reserve's stated goals in launching QE2 were to trigger a "wealth effect" and boost inflation. The net result of their program is a massive destruction of household wealth. The basic idea is that goosing "risk assets," i.e. stocks, then consumers will feel wealthier and thus motivated to open their wallets and spend, spend, spend. This spending won't be based on any increase in income (household income fell in 2009 despite the massive run-up in stocks) but on the illusion of greater wealth created by a temporarily rising stock market." - bold by website editor

The End
A quote....""The reason they're faking the mortgage documentation? If the bankers admit what's wrong with the chain of title conveyance, the mortgage loans are no longer eligible for the trusts the bankers sold to investors - and under their own terms of agreement, the chain of title was breached, "true sale" was probably not achieved and the liability reverts to the banks." -- "Foreclosure Fraud: “Systemic, Industrywide, Pervasive”" -- "Why Foreclosure Fraud Is So Dangerous to Property Rights...."

The "Current Housing Recession is Rivaling the Great Depression’s Real Estate Downturn [and] Will Easily Eclipse It In the Coming Months" - Special Note - A quote...."Zillow's Stan Humphries said...."


"During the Great Depression, home prices fell 25.9 percent in five years. The U.S. housing market is now down around 25 percent from its peak in 2006."

Slide in Home Prices Signals Trouble Ahead: IAS
Related Article - A quote...."Residential property values fell 0.2 percent at the national level during the third quarter of this year, according to Integrated Asset Services (IAS). In front of a seasonal slow-down in home sales, IAS says the data foreshadow “particularly difficult times ahead” for the country’s housing markets and for the U.S. economy overall."

Jobless Claims At 435K On Expectations Of 450K, To Be Revised Worse Next Week, As NSA Number Deteriorates By 28K -- Sort'a good news....if you can believe the numbers. - mpg -- A quote...."Initial jobless claims came in at 435K, a drop of 24K from the prior week's 459K, which of course was a downward revision from the past week's reported 457K. There have now been 36 downward revisions in 2010, and 6 upward ones. The weekly number, which is irrelevant until the following week's adverse reaction, is the lowest since the week of July 10. And while seasonally adjusted claims dropped by 24K, the NSA number increased by 28k to 449,905. Continuing Claims were 4,301K vs. expectations of 4,305K, while the previous number of 4,340K was naturally revised worse to 4,387K. This is the 42nd downward revision in 2010, out of 44. For a chart of 28 out of 29 upward revisions look below." - bold by website editor

Nearly 59 million [in the US-NRE] lack health insurance: CDC
A quote...."(Reuters) - Nearly 59 million Americans went without health insurance coverage for at least part of 2010, many of them with conditions or diseases that needed treatment, federal health officials said on Tuesday."

Chairmen of Obama deficit panel propose cuts in Social Security, Medicare
A quote...."The chairmen of the bipartisan commission appointed by President Obama to rein in US deficit spending on Wednesday released a proposal that would include new taxes on consumption and employee health care benefits and cuts to the federal old-age insurance programs, Social Security and Medicare, and to the jobs and pay of government workers. It would at the same time include massive tax cuts for the rich and for corporations."

27th Consecutive Week Of [US] Domestic Fund Outflows
Mrkt Tech Note - Chart - A quote...."Though we may sound like a broken record, just one more week, and we promise that the hot potato chasers will return to the broken market. After all who else will the Primary Dealers and HFTs offload their billions in AMZN, EBAY and AAPL shares to? And now back to your regularly scheduled propaganda."

Boeing faces further 787 delays after fire
Special Note - Haaaaaaa, haaaaaaaa, haaaaaaaaaa!  Couldn't happen to a nicer company. - mpg -- A quote...."NEW YORK (MarketWatch) — A test plane for the Boeing 787 Dreamliner made an emergency landing following a fire in the cabin, raising concern Wednesday about another delay for the troubled aircraft." - Topix ||  Boeing's Nightmareliner  ||

Greece fails to meet EU deficit target
This is what will happen EVERY SINGLE time anyone implements a Bankster sanctioned "austerity program".  You're in an economic race for your life and your Bankster parasites have just loaded a fifty pound rucksack of debt onto your back, and while you que up at the starting blocks for the next race they say "hoy there mate, because of that rucksack you have on your back, which we put there, we're gonna have to give you a little austerity", and as they take out the starting gun to start the next race....they deliberately put a bullet in your foot. They then look at you with a gleam in their eye and say, "now remember", as their lips twitch into a smug smirk, "you don't do a four minute mile, we're just going to have to repossess your whole goddamn country". - mpg

Irish bonds sink as Europe's debt fears grow
A quote...."DUBLIN – Anxiety over heavy government debts in Europe flared up again Wednesday, as investors questioned whether countries like Ireland, Greece or Portugal can cut their budget deficits without choking off desperately needed economic growth."

War Over Monsanto Gets Ugly
Special Note - A quote...."A delegation of politicians and community activists gathered on August 7 in La Leonesa, a small farm town in Argentina, to hear Dr. Andres Carrasco speak about a study linking a popular herbicide to birth defects in Argentina's agricultural areas."

Tuesday November 9th 2010

An American Coup D’état – First World Nation Style
Must Read - A quote...."Some say all this insanity is just greed and corruption run amuck. Others claim the political, financial and judicial process has been co-opted in some type of modern day Coup D’état. Might it be both and could it have taken place much earlier in the decade under the cover of some other triggering event? Please leave your bias and preconceived notions behind as we take a leisurely stroll down memory lane. As usual this is another long one folks so buckle up and enjoy."

The Fed and the Debased “Imperial Dollar”: Inflation, Stagnation and Higher Interest Rates Ahead
Must Read - A quote...."After the election of fiscal conservatives on November 2nd, it seems that printing money is the only instrument left for the Obama administration to stimulate the economy. I fail to see, however, what is “conservative” about that. Actively debasing a currency to stimulate an economy used to be a Third-World economic recipe, —A recipe for disaster. Now, the United States government feels that is the only way to get out of the economic doldrums. -- But U.S. economic problems are essentially structural in nature, and are due to a bad housing mortgage policy, a bad industrial policy, a bad financial policy, a bad fiscal policy, a bad foreign investment policy, too much entitlement debt, severe demographic problems related to the aging baby-boomers, and to very costly wars abroad. Relying exclusively on monetary quick fixes to correct them misses the mark and may have serious unintended negative consequences down the road."

The rest of the world goes West when America prints more money
Must Read - Some quotes...."America is now isolated and the rest of the world is furious. The widespread use of capital controls and even a lurch into 1930s-style protectionism are both far more likely than just a few days ago." --- "Up until now, the rest of the world has been willing to tolerate unprecedented money-printing by the US – and the UK for that matter. QE has been used to help various financial institutions avoid facing up to their losses, while covertly recapitalising Western banks that are, to all intents and purposes, insolvent. Money-printing has also pumped up equity prices. After the latest Fed-induced "sugar rush", the FTSE global all-share index hit a two-year high. With QE money having been used to purchase Treasury bills and gilts, as well as dodgy mortgage-backed securities, it has also allowed certain governments to keep spending." --- "But, in recent weeks, something has changed. Big players such as China, Brazil – and Germany too – think the US has gone far too far and are now saying so."

The Banality of (Financial) Evil
Special Note - A quote...."The financialized American economy and Central State are now totally dependent on a steady flow of lies and propaganda for their very survival. Were the truth told, the status quo would collapse in a foul, rotten heap. -- Google's famous "don't be evil" is reversed in the American Central State and financial "industry": be evil, because everyone else is evil, too. In other words, lying, fraud, embezzlement, mispresentation of risk, material misrepresentation of facts, the cloaking of truth with half-truths, the replacement of statements of fact with propaganda and spin: these are not the work of a scattered handful of sociopaths: they represent the very essence and heart of the entire status quo." - also posted at ZeroHedge

World Awakens To Criminal Banking Cartel
Special Note - A quote...."A global backlash has emerged against the Federal Reserve’s blatant policy of devaluing the dollar by printing $600 billion out of thin air, a move that analysts, economists, foreign ministers and even the Fed’s own employees charge will only serve to stall economic recovery and initiate trade and currency wars. -- On the eve of the G20 summit in Seol, finance ministers in China, Brazil, Russia and the euro zone have denounced the Fed’s quantitative easing, adding to an already deafening chorus of critics. -- German Finance Minister Wolfgang Schäuble was one of the first to speak out against the Fed, describing its policy as “hopeless” and “clueless” and adding that...."


How hackers can help us defeat Wall Street
Special Note - A quote...."SAN LUIS OBISPO, Calif. (MarketWatch) — “American capitalism is broken,” warns economist Peter Morici. Worse, American government is broken with “two bankrupt political parties bankrupting the country,” warns Stanford political scientist Larry Diamond. Why? Because Wall Street is broken: Our engine of capitalism is broken."

US Black Debt Hole: 'We want you all bankrupt!'
Must View RTVideo - Alt - (RTYuTb - 10min 55sec - November 09, 2010) - Source:  RussiaToday -- A quote...."There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist Michael Hudson. The U.S. has been pushing China to revalue its currency -- at a time when Washington has been pumping billions of dollars into its economy -- a move viewed by other countries as an attempt to deliberately weaken the greenback. The issue of exchange rates is expected to be one of the toughest discussion points at the G20 summit in South Korea later this week. Michael Hudson, a renowned economist and Wall Street financial analyst and advisor, says the meeting in Seoul will not bring an end to global currency wars. "The U.S. is going to China and saying 'we want you to commit economic suicide just like Japan did. We want you to follow the same way: we want you to re-value your currency, we want you to squeeze your companies, we want you to go bankrupt so we can make our profit at your expense," says Hudson."

Clueless Ben?
Special Note - A quote...."Before reading this report, please watch this video. -- The familiar slogan of investing is this: "Timing is everything." If true, then Ben Bernanke had a bad week. Calling it a bad week barely does justice to it."

China Downgrades US Again, From AA To A+, Outlook Negative, Sees "Long-Term Recession", Blasts QE2, Expects Creditor Retaliation -- A quote...."With apologies for the Zagat-style headline, but, well, it's on ladies and gents...." - bold/underline by website editor

China cracks down on inflows, slams QE
A quote...."HONG KONG (MarketWatch) — China announced new measures Tuesday to curb inflows of foreign speculative capital, as senior government officials stepped up criticism of excessively loose monetary policies abroad, such as those of the Federal Reserve."

Is China's Renminbi Already The New Reserve Currency?
A quote...."With the dollar tumbling overnight, many were scratching their heads as to what caused the move in the dollar. Citi's Stephen Englander provides a useful explanation, which fits perfectly with the commentary from PBoC advisor Li's earlier that the dollar's position as a reserve currency is now "absurd": namely that more and more in the world are starting to look at the CNY as the new reserve currency. And as we pointed out earlier, its fixing surge of over 0.5% overnight caused many to blink. Is China finally pushing to aggressively force the dollar out?"
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The Bought and Paid for Central Bankster-Owned LameStreamMedia and their "Propaganda Matrix"
Must Read - Must View Multiple Charts - (Simply outstanding - mpg) -- A quote...."My favorite analogy about the LameStreamMedia is that the former Soviet Union was a very poor country. They could only afford 2 state propaganda organs: Pravda and Izvestia. In Russian Pravda means "Truth" and Izvestia is loosely translated as "The News". The running joke in the Soviet Union was: There is no truth in Pravda and there is no news in Izvestia. -- We are a very wealthy country... We have 6 major propaganda organs. -- This article illustrates how the organized crime oligarchy that controls the country and much of the world has been using their almost complete control of virtual everything the average person sees on a given day to weave an artificially-created reality with regard to politics/economics/history when they are not distracting the population with sports & mindless entertainment, corrupting their morals, predicatively programing them, or practicing other propaganda crimes."

A Recipe for Fascism
Special Note - A quote...."More than half of those identified in a poll by the Republican-leaning Rasmussen Reports as “mainstream Americans” now view the tea party favorably. The other half, still grounded in a reality-based world, is passive and apathetic. The liberal class wastes its energy imploring Barack Obama and the Democrats to promote sane measures including job creation programs, regulation as well as criminal proceedings against the financial industry, and an end to our permanent war economy. Those who view the tea party favorably want to tear the governmental edifice down, with the odd exception of the military and the security state, accelerating our plunge into a nation of masters and serfs. The corporate state, unchallenged, continues to turn everything, including human beings and the natural world, into commodities to exploit until exhaustion or collapse.  ---  All sides of the political equation are lackeys for Wall Street. They sanction, through continued deregulation, massive corporate profits and the obscene compensation and bonuses for corporate managers. Most of that money—hundreds of billions of dollars—is funneled upward from the U.S. Treasury." - also posted at Hamsayeh - Topix - ||  The Tea Party - Another False Front  ||  Having Fun With Your Tax Dollars  ||

Escaping Reality: Sweet Hallucinations Of A Lost American Dream
Special Note - A quote...."Americans today are behaving like resigned and subdued rape victims. The American dream has long since been dead but we still reminisce and wish to return to the days of old. This country is being run like a corporation and we have been severely downsized. The writing was on the wall but no one dared to look. If they did look, none dared to speak it aloud. This is what has led us to the world we live in today and still none dare call it treason! -- There was a time when our country succeeded because of the hard work of every man and woman. We made products and had valuable goods and services to offer the world. Yet there was a change that took place by our trusted government officials and they began to move our nation towards debt and exploitation. Every weaker nation on earth was our prey and the military and supporting corporations leaned on them and forced them to do their bidding."

Pentagon's Holding a 'Bake Sale' to fund its 'Wars for Wall Street and Israel'
Special Note - A quote...."Those poor dears. The Pentagon only gets a measly TRILLION DOLLARS or so per year from us broke taxpayers, some of whom are laid off because of the deliberately engineered Zionist owned, Jewish run Federal reserve economic depression. -- So they establish front organizations like "Troops Need You" that appeal to Americans by pretending that the troops don't have enough money to kill, kill and kill some more, to keep the rabies infected mad-dog Zionists and Neocons happy."

Wall Street Wins Again
A quote...."The Republicans may have stormed the House, but it was Wall Street and the Fed that won the election. Regardless of party power plays and posturing, there are two constants that remain unaltered after the election. First, Wall Street will continue on with business as usual while shifting its campaign and lobbying dollars to the new winning team. And second, the Fed will keep on pretending to prop up the economy by buying more U.S. debt, thereby keeping interest rates low, the dollar weak and money cheap for the banking system to inhale. This fictional boosting of the financial economy, absent the real boosting of the general economy, will march on sans debate, inspection or restriction." - also posted at ICH

Israeli and American Rankings on Violence and Corruption
A quote...."Launched in May 2007, the Global Peace Index (GPI) ranks nations according to peacefulness. Its 2010 report includes 149 countries, graded on the basis of "ongoing domestic and international conflict, safety and security in society and militarisation...." - also posted at Uruknet
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Gerald Celente on Irish Radio – November 3, 2010
Audio - Alt - (YuTb - 9min 17sec - November 09, 2010)
More fun from Gerald Celente, regarding the recent US-NRE elections.  - mpg

What Really Happened with Michael Rivero – November 4th, 2010
Video - Alt - (JustInTV - 2hrs - November 4th, 2010) - Source:  MichaelRiveroTV -- Among other things Michael Rivero discusses the complete destruction of the dollars in your pocket. - mpg

When Will U.S. Leaders Confess To The American People That America Carries Out False-Flag Attacks As Part of Its Foreign Policy?  - Must Read - A quote...."The nature of the deep-state is such that not everybody in the government knows what is going on behind the scenes. Military officials and public representatives who are part of the deep-state are unlikely to confess to the press and the public about their involvement and knowledge, as they would be admitting to committing high treason, and great crimes. Their confession would be followed by their hanging, basically." - also posted at InfoWars & WarOnYou & DProgram - Topix ||  US-False Flag Ops  ||

[Britain's] 7/7 families to see secret MI5 documents
A quote...."MI5 faces having to disclose secret documents to the families of those killed in the 7/7 bombings after a coroner ruled she could not hear confidential evidence in closed sessions. -- Lady Justice Hallett rejected calls for the bereaved relatives to be excluded from hearings so she could examine intelligence material so sensitive it would threaten national security if made public. The father of one victim welcomed her ruling, saying it would make it harder for MI5 to hide from scrutiny."

Drive-by shootings, Metro bombings in DC and parcel bombs on planes but spies in training go unnoticed @ OnlnJr
A quote...."TAMPA BAY, FL, (WMR) -- While the political power duopoly of the “homeland security” and fake news industries are concentrating on a series of drive-by shootings of Marine Corps targets in the Washington, DC area and an FBI-concocted terrorist bombing plot directed against busy Washington Metro train stations, followed by a cargo plane package bomb plot directed by “Al Qaeda” from Yemen, no mention is made of continuing aggressive field training of Israeli intelligence agents being employed in shopping malls across the country, some near America’s biggest military bases."

No explanation for apparent missile firing near Los Angeles
Special Note - A quote...."The lack of any official explanation for the apparent launch of a missile off the coast of Los Angeles Monday evening is both troubling and suspicious. The claim that no military or civilian authority was able to determine what the object was—more than 24 hours after it was videotaped ascending in a westerly direction some 35 miles from the second largest US city—strains credulity."

Pentagon can't explain 'missile' off California, says officials investigating
Related Article - A quote...."WASHINGTON — The U.S. Defence Department said Tuesday it was trying to determine if a missile was launched Monday off the coast of Southern California and, if so, who might have fired it. -- Spokesmen for the Navy, Air Force, and other military organizations said they were looking into a video posted on the CBS News website that shows an object shooting across the sky and leaving a large contrail, or vapour trail, over the Pacific Ocean."

On the Identification of Mysterious Missiles
Related Graphic....mpg

Congratulations, America. Torture Has Led You On a Wild Goose Chase, Destroyed the Rule of Law and Made You Less Safe - Special Note - And the 9/11 cover-up continues - mpg -- A quote...."There are numerous headlines this week about torture...." - also posted at ZeroHedge & DProgram - Topix ||  9/11-Iraq-Torture Fables  ||

Special Prosecutor Declines to File Criminal Charges Over Destruction of CIA Torture Tapes
Ditto - mpg - A quote...."Nearly three years after he was appointed to investigate the destruction of at least 92 interrogation videotapes, a dozen of which showed two high-value detainees being subjected to waterboarding and various other torture techniques by CIA interrogators, Special Prosecutor John Durham has determined that he does not have enough evidence to secure an indictment against anyone responsible for the purge." - also posted at GlobalRsrch - Topix ||  9/11-Iraq-Torture Fables  ||

Obama Lawyers Defend "Kill Lists"
A quote...."NEW YORK, Nov 9, 2010 (IPS) - Lawyers for the Barack Obama administration told a federal judge Monday that the U.S. government has authority to kill U.S. citizens whom the executive branch has unilaterally determined pose a threat to national security." - also posted at Uruknet

The Privatization of War: Mercenaries, Private Military and Security Companies (PMSC)
A quote...."Private military and security companies (PMSC) are the modern reincarnation of a long lineage of private providers of physical force: corsairs, privateers and mercenaries. Mercenaries, which had practically disappeared during the XIXth and XXth centuries, reappeared in the 1960’s during the decolonization period operating mainly in Africa and Asia. Under the United Nations a convention was adopted which outlaws and criminalizes their activities. Additional Protocol I of the Geneva Conventions also contains a definition of mercenary." - Source:  U.N. Working Group on the use of mercenaries

German people in unprecedented rebellion against government: 1000 injured in nuclear protests: police at breaking point - Must Read - WOW!! - Contains Video - Alt - Resistance is NOT futile folks. (except of course for the Amerikan sheeple, who just stand around and go baaaaaaaa. - mpg) - A quote...."Like the Roman legions vanquished in the Teutoburger Wald in Lower Saxony in 9 AD, the 17,000 police officers that marched into the woods around the nuclear storage facility in Gorleben in northern Germany on Sunday morning looked invincible. Police personnel from France, Croatia and Poland had joined in the biggest security operation ever mounted against protestors against the a train carrying nuclear waste to an depot in an isolated part of  Lower Saxony’s countryside. Helicopters, water canons and police vehicles, including an armoured surveillance truck, accompanied an endless column of anti-riot police mounted on horses and also marching down the railway tracks into the dense woods. Tens of thousands of anti riot police clattered along the tracks, their helmets and visors gleaming in the morning sun, and wearing body armour, leg guards and carrying batons.  ---  But by Sunday night, those same police officers were begging the protestors for a respite." - also posted at AlethoNews & DProgram
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US prepares permanent Iraq occupation - No one is surprised, right! - mpg
A quote...."US Defense Secretary Robert Gates signaled Tuesday that the US is preparing to scrap a 2011 deadline for withdrawal of all US troops from Iraq, setting the stage for a permanent military occupation of the oil-rich country. -- “We’ll stand by,” Gates told reporters. “We’re ready to have that discussion if and when they want to raise it with us.” The defense secretary, a holdover from the Bush administration, reiterated Washington’s formal position that while the “initiative clearly needs to come from the Iraqis; we are open to discussing it.”

Iraq: the Invisible War
Special Note - A quote...."The US continues to paint a rosy picture of progress in Iraq but the reality is one of poverty, violence, torture and political corruption in a country still suffering from sanctions, the invasion and the continuing imperial plunder of its resources." - also posted at Uruknet

Power-sharing talks continue in Iraq
Ohhhh maaaann!  They keep going on like this it'll be time to hold new elections again, which might be a very good thing. - mpg -- A quote...."Iraqi political rivals meet again in an attempt to appoint a future government, an expectation they have failed to meet since general elections eight months ago." - bold by website editor

Butchers Persecute and Accuse Their Victims - Former president of the UN General Assembly, calls to free Tariq Aziz -- Contains Video - Alt - A quote...."Appeal to the UN made on 3-11-2010 (full text below), by Father Miguel d'Escoto Brockmann, former president of the UN General Assembly to free Mr. Tariq Aziz, Deputy Prime Minister of Iraq before 2003 invasion. The appeal was shown at the end of a joint NGO side-event which took place during the Universal Periodic Review of the United States at the United Nations in Geneva." - Website editor's note:  Keep in mind people, Tariq Aziz may very well deserve jail time (he was convicted of doing some very bad things) but the recent death penalty sentence was pure politically orchestrated theater, and no one should be put to death just to provide bread and circuses for the New Roman Empire and its blood-thirsty parasitic class.- mpg
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Let's Attack Iran!
Special Note - A quote...."November 09, 2010 "Information Clearing House" -- Oh good. I see that Senator Lindsey Graham wants to attack Iran. The US, he says, should "sink their navy, destroy their air force and deliver a decisive blow to the Revolutionary Guard." -- Senator Graham has the brains of a tapeworm, making him eminently qualified for the senate. Tapeworms, I note, do not have brains. It is characteristic of warlike innocents, [I] include the Pentagon, to believe that if you destroy navies and air forces, you win wars. This worked well in Vietnam, you will recall, and as soon as we destroy the Taliban’s navy, Afghanistan will be a cakewalk. -- Now, I understand that practicality and realism are alien concepts in American politics, to be approached with trepidation, but maybe, just once, we should think before sticking our private parts into a wood-chipper. Just once. -- I do not propose consistent rationality, forethought, or intelligent behavior. I profoundly respect my country’s traditions. -- However, folk wisdom from West Virginia: Before you say, “I can whip any man in the bar!” it is well to scout the bar."

Ahmadinejad Underlines Deficiencies of the Current World Order
A quote...."Today, it has been revealed to all that the (present) order which has derived from the materialistic school of thought is at the end of the road and is facing failure both in practice and theory."

ACD Ministerial Meeting Ends Work in Tehran
Photo Gallery - A quote...."The 9th ministerial meeting of the Asia Cooperation Dialogue opened in the Iranian capital city of Tehran on Monday with many high-ranking Asian officials in attendance."

Turkey Announced Readiness to Host the Next Round of Iran and 5+1 Talks
A quote...."The Turkish President Abdullah Gul, announced on Monday his country is ready to host talks between Iran and major powers China, Russia and four other Western countries namely France, Germany, the UK and the US."
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Support promised for UNSC ambition Obama pushes India against Iran, Myanmar
Special Note - (i.e. the New Roman Emperor delivers his diktats to what he hopes will soon be one of his vassal states, in exchange for a bribe he probably can't even deliver on. Hopefully the people of India won't allow their nation to be sold down the river, and "played" against their neighbors, all for a pocket full of empty promises. - mpg) -- A quote...."NEW DELHI, Nov 8: Dangling the promise of UNSC membership to India, albeit at some time in the future, US President Barack Obama urged New Delhi on Monday to first deliver on Washington’s punitive prescriptions against Iran and Myanmar."

China understands India’s desire for UNSC seat - China's reply. - mpg
Special Note - Related Article -- Well.....China better cut a deal with India quick before India does to itself what Britain did to itself on behalf of the New Roman Empire, turning itself into a craven, whoring, lap-dog for the war-mongering, Israeli/AIPAC Bankster owned colony which once used to be known as the United States of America. - mpg-- A quote...."BEIJING: China said on Tuesday it understood India’s desire to gain a permanent seat on the United Nations Security Council, where China is the only Asian member."
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District Governor Killed in Afghanistan
A quote...."A road-side mine blast hit the car of Ali Abad, the sub-governor of Shawak district at 08:00 am on Tuesday in the district's Ibrahimkhil area when he was on his way to his office, a spokesman for the governor of Paktia, Rohullah Samoon, told TOLOnews reporter. -- No one else is killed or wounded in the attack, he added."

Yemen: Military official 'assassinated' in south
A quote...."Sanaa, 9 Nov. (AKI) - A high-ranking Yemeni military official was assassinated Tuesday in the southern Shabwa province, according to news agency al-Masdar. -- Col Ali Thawaba, 47, was shot in front of a bank in Ataq, a small city 460 kilometers southeast of the Yemeni capital Sanaa."

Third F-22P frigate arrives from China
A quote...."KARACHI: The third frigate of F-22P class named PNS Saif arrived from China on Monday and would be shortly inducted into the Pakistan Navy."

US and NATO missile defenses in Turkey get negative response
A quote...."Turkey’s decision to allow the United States and NATO to deploy elements of the European missile defense system on its territory has triggered a negative response across the region and in the rest of the world." - also posted at GlobalRsrch

Medvedev eyes South Korean investment in Russia
A quote...."Russian President, Dmitry Medvedev on Wednesday called on South Korean businesses to invest in Russia. -- Medvedev, who is currently on an official two-day visit to South Korea, will hold bilateral talks with his South Korean counterpart Lee Myung-bak to discuss energy, space, shipbuilding, fishing and military cooperation."

Gazprom to discuss increased gas deliveries to S. Korea
A quote...."Russian gas monopoly Gazprom may increase its gas deliveries to South Korea to at least 10 billion cubic meters a year starting in 2017, with talks on the issue to begin in December, Gazprom CEO Alexei Miller said on Wednesday."

Venezuelan parliament ratifies nuclear plant construction deal with Russia
A quote...."The Venezuelan parliament has ratified an agreement with Russia on nuclear cooperation, which includes the construction of a nuclear plant in Venezuela, local media reported."
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How to Anger the Pro-Israeli Lobby -- Tell How it Really is in gaza Especially if You're an Archbishop
A quote...."To their eternal shame, Western churchmen seem to care little about the plight of their brothers and sisters in the Holy Land or the fate of the holy places where Christianity was born. -- There are, of course, honorable exceptions. One such is the Archbishop of Wales, the Most Rev Dr Barry Morgan, whose church has provided the Gazans with a mobile dental unit. -- He is not best pleased that the Israelis make it difficult to obtain fuel and medical supplies for it, and he didn’t mince his words when recently reporting to the Church’s governing body how things really are in Gaza."

El Al apologizes for strip-searching U.S. professor
A quote...."Neuroscientist Heather Bradshaw was subjected to a physical search despite an invitation from Hebrew University."

Netanyahu heckled in New Orleans
A quote...."Israeli Prime Minister Benjamin Netanyahu has ended an address at the Jewish Federations General Assembly in New Orleans amid repeatedly heckling from the audience."
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More On The Palestinian Situation....

German FM calls on Israel to lift Gaza siege
A quote...."German Foreign Minister Guido Westerwelle called on Israel on Monday to lift its siege of the Gaza Strip, saying the blockade of 1.5 million people was "not acceptable."

The great book robbery of 1948
Special Note - A quote...."A new documentary reveals a hidden chapter in the history of the Nakba -- the Palestinian expulsion and flight at the hands of Zionist militias as Israel was established in 1948 -- which saw the systematic looting of more than 60,000 Palestinian books by Israeli forces and the attempted destruction of Palestinian culture."

Sources: Israel arrests senior Hamas MP in West Bank
A quote...."RAMALLAH (AFP) -- Israeli forces arrested senior Hamas MP Mahmoud Al-Ramahi overnight at his home in the West Bank city of Ramallah, sources in his Islamist movement said Wednesday."

The Oslo Virus and the Struggle for Bantustans
A quote...."In 'The Music of the Violin,' a short story by South African writer Njabulo Ndebele, one of the characters comments on the 'concessions' made by the apartheid regime to the indigenous people: "That's how it is planned. That we be given a little of everything, and so prize the little we have that we forget about freedom."

Shin Bet Mistreatment of Palestinian Detainees
A quote...."An October B'Tselem/HaMoked, Center of the Defence of the Individual report, titled "Kept in the Dark: Treatment of Palestinian Detainees in the Petach-Tikva Interrogation Facility of the Israel Security Agency (Shin Bet)" is discussed below. Though, in some respects, treatment over the years has changed, it remains harsh, abusive, and in violation of international law, prohibiting all forms of torture and mistreatment at all times, under all conditions, with no allowed exceptions."

DCI-Palestine's monthly bulletin on child rights violations - October 2010
Scribd - Alt - A quote...."Defence for Children International - Palestine Section"

Israel arrested over 345 Palestinians in October, including 140 children
A quote...."A report released by the Supreme National Committee for the Support of Prisoners, has confirmed that last month, forces of the Israeli Occupation arrested more than 345 Palestinian citizens from various parts of the West Bank, Jerusalem and the Gaza Strip including 130 children and two women. This is in addition to the detention of more than 500 Palestinian workers for not having obtained Israeli work permits." - also posted at Uruknet

Highlights from Montreal BDS conference
Contains Audio - Boycott, Divest and Sanction the ENTIRE state of Israel!! Because f-cking with their money is the only thing these sociopathic Mini-Nazis understand!! - mpg -- A quote...."More than 600 activists from Quebec, Canada, and the United States gathered in Montreal from 22-24 October for a weekend-long conference on growing the boycott, divestment and sanctions (BDS) movement. The opening public panel at the conference offered reflections on the five years since the unified Palestinian call for BDS was first made, including views from Palestine and South Africa. Much of the weekend drew participants together in sector-oriented working groups and on Sunday the final session offered a report back to a crowd of hundreds." - ||  Download [Mp3]  || - For more on how to Boycott, Divest and Sanction the state of Israel see the upper-left-corner of the "Front Page" of this website.

Demonstrators wave Palestinian flag for first time on Beit Hanoun crossing
A quote...."GAZA, (PIC)-- Dozens of Palestinians and foreigners demonstrated Tuesday near the Beit Hanoun (Erez) border crossing in the northern Gaza Strip, for the first time ever waving the Palestinian flag on the crossing gate."

For family of slain activist, no end in sight for case
A quote...."HAIFA, Israel — Seven years after an American student, Rachel Corrie, was killed in Gaza by an Israeli military bulldozer she tried to block, becoming a global symbol of the Palestinian struggle, her parents and her older sister sit in an Israeli court in this northern city with two hopes: to confront the men who ran over her and to prove that the army investigation into her death was flawed. -- On both counts, it has been a frustrating effort." -- Proving once again, beyond any reasonable doubt, that a dead blonde in Israel, who died nobly defending the rights of an oppressed people, is worth only one / one thousandth, of a dead blonde in Aruba, who died for sex, drugs and partying.  Long live the New Roman Empire! - mpg
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Exclusive: Presenting The Flash Crashes Of 2010 - Part 1
Mrkt Tech Note - A quote...."In an exclusive collaboration between Nanex and Zero Hedge, we are pleased to present to our readers the first part of a multi-series project that will demonstrate the flash crashes of 2010, and subsequently, of 2009 and 2008. The concern is that since the number of mini crashes, precipitated in most part by HFT algorithms gone wild, is simply staggering, it is impossible to present all the individual events in one presentation due to size limitations. The reason - there have been 549 "flash crash" events in 2010 to date alone! We dare anyone at the SEC to go through this list and look anyone in the eye and tell them that i) the market is not broken and ii) that High Frequency Trading is not a major scourge to proper and efficiently operating markets."

Accelerating Sell Off In Commodities Shows Why Fed's Hands Are Now Tied
Mrkt Tech Note - (commodities) - A quote...."As Mark Fisher summarized market psychology so well earlier: "parabolic up - parabolic down." The problem for the Fed now is that to kill gold, it will also have to kill stocks, which are trading lower as gold and silver get flushed. As we presented over a month ago, gold and silver are both higher beta short hedges to stocks. As stocks go up, PMs go up more, and vice versa. Alas, silver and gold here are unsustainable for the Fed, which means Bernanke has once again managed to box himself in a corner, as any gold selloff will also presuppose a stock dump."

Two Lawsuits Filed Against JP Morgan In Connection To Mortgage Foreclosures
A quote...."Two more lawsuits in the neverending saga fraudclosuregate, this time against JP Morgan."

U.S. Banks Failing At Fastest Pace In 2 Decades
A quote...."WASHINGTON -- Regulators shut down four more banks Friday, bringing the 2010 total to 143, topping the 140 shuttered last year and the most in a year since the savings-and-loan crisis two decades ago."

China Flips Off Geithner (Again) As Trade Surplus Beats Expectations And Surges To Second Highest In Two Years - Haaaa Haaaa Haaaa! - Spot on analysis. - mpg --  A quote...."China just metaphorically flipped off the US, and the G-20, by not only beating trade expectations, but trouncing them, with a net positive trade surplus of $27.1 billion, compared to estimates of $25 billion. This was the second highest number since January 2009, and lower only to July's $28.7 billion. The main reason for the surge in exports was the trade balance with the EU, which at $14.5 billion is the highest since October 2008. In other words, Europe's strong currency is already impacting the continent's economic output, as end users opt to import stuff from China, instead of having it produced domestically, and not to mention stockpiling inventory in hopes that pricing power will allow prices to go up (instead of just squeezing margins even more). Ultimately, Europe is the one that is now getting hit by a double whammy of the CNY-USD peg...." - And Bernanke and his Bankster Buddies are the ones to blame....Merkel must be FURIOUS, along with just about everybody else in Europe!! - mpg

Monday November 8th 2010

No posts. - mpg

Sunday November 7th 2010

Saturday November 6th 2010

No posts. - mpg

Friday November 5th 2010

Paul Craig Roberts: The Impotence of Elections – Alex Jones Tv
Must View AJVideo - PCR&AJ(1/4) - PCR&AJ(2/4) - PCR&AJ(3/4) - PCR&AJ(4/4) - (AJYuTb - 15min - November 04, 2010) - Source:  TheAlexJonesChannel -- An interview with Paul Craig Roberts, author of the newly released book "How the Economy Was Lost: The War of the Worlds" [GoglBkPrcSrch]* -- A quote...."In his historical novel, The Leopard, Giuseppe di Lampedusa writes that things have to change in order to remain the same. That is what happened in the US congressional elections on November 2. -- Americans out of work, out of income, out of homes and prospects, and out of hope for their children's careers are angry." - *links added

Slaughter as 'Simulus'
Must Read - A quote...."The Keynesian welfare state is best described as the mild-mannered alter ego of the totalitarian welfare state. The official alchemists responsible for transmuting debt into political power eventually find it impossible to siphon wealth out of the productive class in amounts sufficient to meet the needs of the political class. When this happens, the ruling elite will inevitably turn to bloodshed as a source of economic "stimulus." -- *John T. Flynn*, As We Go Marching (1944).

Sorry, seniors, Social Security raise [for 2011] -- stalled for second year in a row
From the History File - Monday, October 11th 2010, 4:00 AM -- A quote...."Senior citizens who depend on Social Security may go a second year without a raise. -- It would be just the second year without an increase since 1975, when Congress first adopted cost of living adjustments (COLA). -- The bad news is expected to be made official Friday, when the Bureau of Labor Statistics releases inflation estimates for September, The Associated Press reported yesterday." - See also last years....No Social Security COLA increase for 2010 - All those old people out there are gonna starve.  One wonders how they like all these wars and occupations now, and if they're  willing to "eat grass" to maintain the US-NRE's military industrial complex like the North Koreans once did to maintain theirs? Well, we'll soon find out. - mpg
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9/11:Explosive Testimony Exclusive – Niels Harrit – Chemist
A&EVideo - Alt - (A&EYuTb - 8min 45sec - November 03, 2010) - Source:  ae911truth -- A quote...."AE911Truth's* EXCLUSIVE INTERVIEW! -- Chemist Niels Harrit - One of the scientists who found thermite in the World Trade Center dust discusses Thermite,Nanothermite,Explosives and Incendiaries. This interview is some raw footage of one of the world class experts appearing in Architects and Engineer's upcoming  hard hitting documentary -- "9/11: Explosive Evidence - Experts Speak Out"" -*link added - Topix ||  9/11-WTC-1&2 & 9/11-WTC7  ||

Kennedy’s Nightmare
Special Note - A quote...."Ah how that poisonous tree continues to bear fruit. -- It is being reported today that the Director of National Intelligence, Gen. James Clapper, is getting an early Christmas present of sorts; complete control of the $53 billion civilian spying complex justified by the pretext that was 9/11. Previously, Clapper was the head of the agency that oversaw the entire spying industry, military and civilian, but he had to depend on the military commanders for the money, since they were holding the purse strings and therefore by extension, congress was holding the purse strings. But now, all that looks to be going out the window under the CHANGE administration. Looks like the man behind the curtain, favorite of BOTH Bush presidents, friend of Rumsfeld and Cheney, is now going to be given complete and total control of the U.S. intelligence complex, otherwise known as the Ministry of Truth."

Another False-Flag Operation
Special Note - A quote...."Meanwhile, John "Show Us Yours" Pistole, chief deviant at the TSA, also "met on Wednesday with officials in Sanaa [Yemen]..." The excuse for John's junket? "[Improving] cargo security practices," of course. As if the TSA already had good ones in place or, even better, has ever "improved" anything it touched. And it's touching a lot, believe me, including children's crotches. Hmmm… Don't Moslem countries cane infidels for such gross pedophilia? Here's hoping Johnny and the six "inspectors" come home too sore to sit down. -- We’ll also hope the assorted Yemeni officials forced to listen as these perverts prattled asked a few questions first. Such as, "Exactly how many terrorists has your TSA discovered? Say again? None? Are you serious? And your subjects aren't in open revolt after 8 years of long lines and shedding their shoes for nothing? Wow. That's pretty remarkable."

There Is No Truth
Special Note - A quote...."And so it is today. -- There is no truth. -- Every day of our lives, unremittingly, we are fed lies. -- Lies, lies, lies. -- Yesterday bomb experts at East Midlands airport, having examined the toner' devices' for six hours and found them to contain no explosives, suddenly re-inspected the packages and reversed their original judgement (in agreement with President Obama who had said, in his Friday speech at the White House, that they were bombs). -- Last christmas the obviously disoriented 'underpants bomber' boarded an aeroplane and created the conditions that have caused 'scanners' to be installed at airports across the world. Fellow-passengers gave evidence that Mutallab boarded the aircraft without a passport. -- You try it." - Topix ||  US-False Flag Ops - Detroit's Lap Bomber  ||

CIA Lies Led To Death Of American Mother and Baby Daughter
A quote...."CIA officials caused the deaths of an American mother and child in a tragic plane shootdown above Peru, according to a blistering new report, by operating a counter-drug program outside the rules for six years and then lying about it to their superiors. -- The report also says that after Roni Bowers and her daughter Charity died, the officials tried to cover up how it happened by "repeatedly" lying to Congress."

Financial Fraud in Germany. The Wall Street Model Backfires
A quote...."The earlier filing of fraud charges against Wall Street banking titan Goldman Sachs by the US Government Securities and Exchange Commission (SEC) was only the tip of a huge fraud iceberg. Now a US mortgage insurer has charged one of the most aggressive banks involved in the US subprime mortgage scam of fraud. The bank is none other than Deutsche Bank. This case is also likely to be just the “tip of a very big iceberg.” -- "‘Stupid Germans…’ --  According to Bloomberg financial writer and author, Michael Lewis, under Ackermann’s leadership at Deutsche Bank,* the bank, through its New York offices, set out to outdo Goldman Sachs in the home mortgage securitization bonanza of the past decade. Lewis documents the fact that Deutsche Bank in New York was selling what it knew were toxic waste or junk mortgage bonds on US subprime mortgages to “stupid German investors in Duesseldorf” as one Deutsche Bank New York bond trader told Lewis.[2]" - *link aded
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John Boehner's "GobGop" Plan to Sell Out the Tea Party in 2013. It Will Begin in January 2011
Must Read - A quote...."First, you must understand that Boehner is a GobGop: a Good Old Boy of the Grand Old Party. The GobGops' goal is to keep the present system funded by the Bigs: Big Business, Big Pharma, Big Oil, and Big Banking. If you do not understand this, then you are as naive as a Democrat who thinks Obama speaks for The Common Man. -- Boehner shilled for Hank Paulson and Goldman Sachs by begging the Republicans to vote for the $750+ billion Big Bank Bailout in 2008. Watch his emotional performance here. "We just have to do it!" No, they didn't. Ron Paul told it straight. He is no GobGop. -- Boehner is going to do it again. He has already told us what he intends to do."

Election Money Flows in 2010, But Voters Stay Home -- Where is Everybody? - posted at CounterPunch
A quote...."While all eyes were placed firmly on Tea Party electoral breakthroughs such as Rand Paul in Kentucky, other disturbing trends also developed behind the scenes of this round of elections. This was the first election since the Supreme Court decision that reversed the limits on corporate campaign donations by affirming corporate personhood. The money did certainly flow in 2010 and it served to shape the outcome of at least some of the elections. Ominous unnamed sources funded dozens of attack ads in contested races, Political Action Committee (PAC) funds flowed freely and the unions continued their failed strategy of footing the bill for the Democratic Party. The sheer scale of the spending combined with restrictive ballot access laws, served to further drown out independent candidates. Voters responded by staying home." - also posted at AlethoNews

Might Is Right
Special Note - A quote...."In my last column, Who Has The Crystal Ball, I questioned the existence of “the liberal media,” and I remarked that it would be interesting to know the manufacturer of the full body scanners and the company’s relationship to the US and Israeli governments." - also posted at DProgram

Consumers' right to file class actions is in danger
Welcome to the Corporate State. - mpg -- A quote...."If AT&T has its way before the Supreme Court, any business that issues a contract to customers would be able to prevent them from joining class-action lawsuits, taking away arguably the most powerful legal tool available to the little guy."

Independent News Site Fraudulently Blacklisted by Internet Explorer After Negative Bill Gates Article
A quote...."Is the Internet Blacklist already being enforced via web browsers?  Microsoft's Internet Explorer recommended that visitors should not access Activist Post today, claiming the site contains threats to outside computers.  First, we want to assure all of our visitors that this is blatantly FALSE. Our site does not contain any viruses, malware, or data-harvesting capabilities.  We have a voluntary and confidential sign-up mechanism for our free weekly newsletter, which apparently now falls under the category of illegal data mining according to Microsoft."

Pennsylvania Homeland Security monitored residents’ tweets
A quote...."Emails recently released from a Right-To-Know request show that the Pennsylvania Department of Homeland Security monitored the twitter activity of law-abiding citizens." - Source:  RawStory
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Dismantling the Iraqi State, Destroying Iraqi culture, erasing collective memory
Special Note - A quote...."US forces invaded illegally with the express aim [of] dismantling the Iraqi state. After WWII focus of social sciences was on state-building and development model. Little has been written on state-destruction and de-development. We can now, after 7 years of war and occupation, state for certain that state-ending was a deliberate policy objective. -- The consequences in human and cultural terms of the destruction of the Iraqi state have been enormous: notably the death of over 1,3 million civilians; the degradation in social infrastructure, including electricity, potable water and sewage systems; over eight million Iraqis are in need of humanitarian assistance; abject poverty: the UN Human rights report for the 1st quarter of 2007 found that 54% of Iraqis were living on less than $1 a day; the displacement of minimum 2.5 million refugees and 2.764.000 internally displaced people as to end 2009. One in six Iraqis is displaced. Ethnic & religious minorities are on the verge of extinction." - bold by website editor - Topix ||  The Method - 05-07-07 - mpg  ||

America, Losing Hearts and Minds - posted at ConsortiumNews
A quote...."On the ground the Taliban seem to be gaining traction and increasing membership despite, or perhaps because of, intensified US targeted-killing operations and night raids,” Scahill says. “According to the US military, over a 90-day period this past summer, US and coalition Special Operations Forces killed or captured more than 2,900 ‘insurgents,’ with an estimated dozen killed a day.” -- Exactly how many of these “targeted killings” are directed against innocent civilians? Scahill does not say. Even defining the word “civilian” must remain problematical in counter-insurgency operations. But the nicety of making such distinctions is not lost on Afghans."

'Norway not to accept US espionage'
(i.e. Norway's government, unlike the US-NRE, WILL defend their citizens rights. - mpg) -- A quote...."Norway is not going to accept US espionage, says an expert, after a TV report accused Washington's embassy in Oslo of conducting surveillance." - also posted at AlethoNews

UN body accuses US of rights abuses
A quote...."The United States has for the first time faced the United Nations Human Rights Council over accusations of human rights violations. -- Council members in Geneva, Switzerland, levelled a barrage of criticisms at the US administration on Friday, calling for the closure of the Guantanamo Bay prison and for investigations into alleged torture by US troops abroad. -- The council's first review of the US human rights record was part of a gradual examination of the performance of all 192 UN members over a four-year period." - also posted at Uruknet

Court told of  [Britain's] 'systemic' Iraq torture policy
A quote...."There is strong and "credible" evidence of the "systemic" torture and abuse of hundreds of Iraqis by British troops while in detention, the High Court in London heard yesterday. -- Michael Fordham QC, representing over 200 Iraqis, said that a full independent public inquiry into the abuse claims was "legally necessary" and that there was "no lawful justification for delaying its establishment." -- Mr Fordham said: "There are credible allegations of serious, inhumane practices across a whole range of dates and facilities concerning British military detention in Iraq." - also posted at Uruknet
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NATO death toll in Afghanistan rises
A quote...."Six foreign troops were killed in Taliban bombs or fighting the rebels in the past two days, NATO said, taking to 622 the number of international soldiers killed this year as the rebellion intensifies. -- The toll last year was 521." - Source:  GoogleNews

Killing each Taliban soldier costs $50 Million; Killing each NATO soldier costs $50 Thousand
A quote...."Why are the Pentagon and NATO bankrupting the U.S.? -- The military-industrial complex is a voracious beast that demands its daily fix at the trough of the American taxpayers. -- It costs $50 thousand to kill each NATO soldier while it costs $50 million to kill each Taliban soldier. It is therefore 1,000 times cheaper to kill a NATO soldier; a fact that does not seem to bother the Pentagon, NATO’s leadership or European defense ministers. -- Kabul Press, on September 30, 2010, published an article by this author detailing the best estimate of Taliban killed per year (2,000) divided by a portion of the direct costs that the Pentagon is spending each year in Afghanistan ($100 billion). The resulting statistic suggests that it costs $50 million to kill each Taliban soldier. This number is very conservative. If all NATO and American costs (direct and indirect) were included, the analysis would reveal that it actually costs about $150 million."  - Source:  KabulPress

Commanders: Taliban ‘Rallying’ Despite Petraeus’ Claims
A quote...."General David Petraeus has made an official policy of hyping his illusory progress in Afghanistan, pointing to a Taliban that is on the run with failing morale, and a number of routs in Kandahar Province. -- But Petraeus’ forward operating commanders are, according to the New York Daily News, warning that as they have so many times in the past, the Taliban seems to be rallying, and it seems once again that the hopes of military progress are fading fast."

France: World Firmly Behind Already Rejected US Offer to Iran
A quote...."This month’s upcoming P5+1 talks with Iran look poised to end in quick and perhaps predictable failure tonight as reports grow that the Obama Administration is planning to demand Iran accept a dramatically worse version of the same offer he made last year, which Iran accepted and then the US angrily reneged on. -- But according to France the whole world, or at least the whole P5+1, is “united” behind the US offer and that there is absolutely no disagreement on the terms of the upcoming demand, which would demand that the Iranian government turn over 2,000 kg of uranium for production of fuel for its medical isotope reactor." - Topix ||  The Road to War is Paved With Acts of Cowardice - 08-04-10 - mpg  ||

Chinese president meets French leaders on bilateral ties, G20
A quote...."NICE/PARIS, Nov. 6 (Xinhua) -- Chinese President Hu Jintao met French leaders on Friday, calling for expansion of bilateral cooperation and richer content in the comprehensive strategic partnership and strengthened international policy coordination to support global economic recovery."
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Israel is right to be concerned
A quote...."We can learn much from the Israeli government's decision this week to suspend a special strategic dialog with the United Kingdom because of concerns that Israeli officials could be arrested and indicted with crimes against humanity in the UK, according to a British law that provides for "universal jurisdiction" in such cases, i.e., a suspect of any country can be charged, detained and tried in a British court even if the alleged crimes occurred in a third country and did not include British citizens among the victims. Israel's Kadima Party leader Tzipi Livni recently cancelled a trip to London as did Deputy Prime Minister Dan Meridor this week, because he was advised that he risked being arrested." - bold by website editor - In other words the Israelis are....

"....going to have to realize they're NOT "the chosen people", they're NOT "special", they're NOT going to get any "exceptions" and they WILL conform to, and obey, all international laws regarding war crimes or suffer the legal consequences. It's that simple folks."  -- *mpg* -- posted 11-03-10

3 Gay [Homosexual] Jews elected to Congress - No such thing as "Gay" by the way. - mpg
Welcome everyone, to the New Roman Empire - mpg - A quote...."WASHINGTON – Three openly gay Jewish candidates have been elected to the US House of Representatives and will begin their terms in January 2011: Long-time Massachusetts legislator Barney Frank, the mayor of Providence, Rhode Island, David Cicilline, and Colorado's Jared Polis." - also posted at WarInIraq

Israel Promotes Martial Law Type Tactics in Airports World Wide
A quote...."Israel is the leading country in police state airport technology. Israeli airports are basically under martial law. Israel has openly announced that former Israeli military is actively “profiling” possible terrorists. Remember, the Mossad plays a huge part in staged terror attacks throughout the world." - also posted at WarInIraq

Financing the Israeli Occupation - Who Profits?
Scribd - Alt - A quote...."Israeli banks provide the financial infrastructure for all activities of companies, governmental agencies and individuals in the continuing occupation of Palestine and the Syrian Golan Heights. The services provided by the banks support and sustain these activities. Additionally, as this report shows, it is evident that the banks are well aware of the types and whereabouts of the activity that is being carried out with their financial assistance. -- Our research has identified six categories of involvement of Israeli banks in the occupation. There is solid evidence of the involvement of most of the major Israeli commercial banks in these categories¹:"
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More On The Palestinian Situation....

Olly and the Olive Factory
A quote...."The olive harvest is the definitive Mediterranean tradition. From the Pyrennes to the Atlases, Tunis to Athens, Jerusalem to Damascus, farmers and families are climbing trees and filling sacks in their grey-green groves. But before these kilos can be poured on pasta, heated to fry, or soaked in bread, the olives must go to a press."

Three Injured By Israeli Gunfire at al-Nabi Saleh Anti-wall Protest
A quote...."Ramallah – PNN – Three civilians were injured and many others treated for the effects of tear gas inhalation on Friday after Israeli troops violently suppressed the weekly anti-wall protest at the village of al-Nabi Saleh in the central West Bank."

Clashes Reported In East Jerusalem
A quote...."Palestinian sources reported that clashes took place, Thursday evening, between dozens of residents of Silwan, located south of the al-Aqsa Mosque in East Jerusalem, and Israeli soldiers invading the area."

Weekly Report On Israeli Human Rights Violations in the Occupied Palestinian Territory (28 Oct. – 03 Nov. 2010)
Every single week of the year....mpg -- also posted at Uruknet

• A Palestinian activist was extra-judicially executed by IOF in the Gaza Strip.  
• IOF continued to use force against peaceful protests in the West Bank.
• 7 Palestinian civilians were wounded.
• IOF arrested 5 demonstrators, including two Israeli human rights defenders.  
• IOF continued to fire at Palestinian workers, farmers and fishermen in border areas in the Gaza Strip.
• 3  Palestinian workers and a mentally disabled civilian  were wounded
• IOF fired at Palestinian fishermen in the northern Gaza Strip.
• IOF conducted 29 incursions into Palestinian communities in the West Bank, and a limited one into the Gaza Strip.  
• IOF arrested 16 Palestinian civilians, including 3 children.
• IOF raided houses of a number of leaders of Hamas in Jenin.
• Israel has continued to impose a total siege on the OPT and has isolated the Gaza Strip from the outside world.
• IOF have continued settlement activities in the West Bank and Israeli settlers have continued to attack Palestinian civilians and property.
• IOF confiscated 70 donums[1] of Palestinian land in Beit Ummar village to expand "Karmi Tsur" settlement, north of Hebron.
• IOF demolished a car washing shop, a tire change workshop and two mobile rooms in Jerusalem.
• Israeli settlers added 9 houses to "Shavot Rachel" settlement, southeast of Jenin.
• Israeli settlers attacked Palestinian civilian vehicles traveling on the main roads in the West Bank.

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QE2 and Last Rites for the World's Reserve Currency - Dollar in the Dustbin - posted at CounterPunch
Must Read - Quote of the Day -- A quote...."The Fed is at war; that's the truth of the matter. Economist Michael Hudson calls Quantitative Easing (QE) "a form of financial aggression." But Hudson probably understates the case; "monetary terrorism" (moneterrorism?) is probably closer to the truth. QE is flooding emerging markets with cheap capital that's forcing their leaders to take defensive action to protect their economies. EM's have already seen the first wave of liquidity surge into their markets raising havoc with prices and forcing central banks to raise rates. But emerging markets aren't taking it laying down. They're throwing up protectionist barriers and monitoring capital flows. If Bernanke's going to print more money, they'll print, too. Mass competitive devaluation will ignite a full-blown currency war that leaves the present trade regime in tatters and the dollar in the dustbin. " - bold by website editor- also posted at Hamsayeh

THAT'S THE ANSWER!  Countries shouldn't buy the US-NRE's toxic Bankster paper, they should print their OWN better paper!!

Better because they'll use their paper to buy gold, silver, oil and other commodities while signing long term contracts with each other to supply the natural resources they need.  That'll short-circuit the US-NRE's Bankster-Gangster attempted takeover of the world's natural resources on the cheap!

It will of course eventually lead to world wide inflation, but that will be somewhat offset, or cushioned, by the possession of hard commodities, or by locking in prices for natural resources through the purchase of long term contracts or even industrial production agreements.  It's the only way to fight the US-NRE's Bankster/Warfare State.

Of course this bubble will eventually pop, For instance Russia got caught going a little bit long on natural gas contracts from its former "Stans" during the US-NRE's last inflation attempt, so everyone out there should be real careful to phase out their positions in a timely manner and be aware good'ol Ben could change policy at a moments notice to enrich his Bankster friends. - mpg
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New $600B Fed Stimulus Fuels Fears of US Currency War
Must View Video - Related Video - A quote...."The Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels. The short-term impact of the Fed’s move, known as quantitative easing, has been a jump in stock prices across the globe. Many nations, however, have accused the United States of waging a currency war by devaluing the dollar. We speak to former Wall Street economist and University of Missouri professor Michael Hudson. "The object of warfare is to take over a country’s land, raw materials and assets, and grab them," Hudson says. "In the past, that used to be done militarily by invading them. But today you can do it financially simply by creating credit, which is what the Federal Reserve has done." [includes rush transcript] -- ||  Real Video Stream  ||  Real Audio Stream  ||  MP3 Download  ||  More…  ||  Topix  ||  The First Salvos of the Currency Wars - 05-07-10 - mpg  ||  Try Predatory Lenders - It Fits Better - 02-21-09 - mpg  ||

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Bernanke Admits To Intentionally Destroying Margins
Mrkt Tech Note - Related Article - A quote...."This guy really ought to shut up - he just validated my thesis...."


"Now watch very carefully... remember, my thesis is this: Depressions are a function of margin collapse, not deflation.  You seek deflation intentionally every time you go to the store.  Technology creates massive deflation in many things (e.g. calculators, computers, music players, televisions, etc)   This is not bad, it is good.  It allows your earnings to go further and enhances your standard of living. -- Here's what Bernanke said today...."


So..... Bernanke intends to collapse margins. -- At the same time he is driving stock prices higher. -- Yet you pay for earnings when you buy stock. -- Earnings will be decreasing, because excess slack will make it difficult for producers to push through higher prices to consumers. -- Therefore, margins decrease, and earnings decrease. -- And you just got driven into "risky assets" - at a multiple he is destroying."
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US Federal Reserve's $600bn stimulus doomed to failure, says German minister
A quote...."THE US Federal Reserve’s $600 billion injection is “dismal”, “clueless” and doomed to failure, according to German finance minister Wolfgang Schäuble. -- In unusually sharp language, Mr Schäuble said Washington was mistaken to pump further billions into the US economy in the hope that it would encourage growth. -- “With all due respect, my impression is that the US is at a loss as to what to do,” said Mr Schäuble. -- “This isn’t about a liquidity shortage, so to say ‘we’ll throw $600 billion at it’, won’t solve the problem.” He found sharp words, too, over the ongoing currency unrest between the US and China. -- Washingtonhas accused Beijing of keeping the value of its yuan artificially low to help exports, but Mr Schäuble accused Washington of “pursuing the same goal with different instruments”."

Caught In A Lie: Bernanke Promised Congress The Federal Reserve Would Not Monetize The Debt But Now That Is Exactly What Is Happening -- A quote...."On June 3rd, 2009 Federal Reserve Chairman Ben Bernanke promised the U.S. Congress that the Federal Reserve would not monetize the debt of the U.S. government.  On November 3rd, 2010 the Federal Reserve announced a massive quantitative easing plan which will involve the purchase of 600 billion dollars of U.S. Treasury securities by the middle of 2011.  Creating 600 billion dollars out of thin air and using them to buy up U.S. government securities is monetizing the debt.  So Federal Reserve Chairman Ben Bernanke has been caught in a lie.  Will we ever be able to trust a single word that he says ever again?" - also posted at PrisonPlanet

The Banksters’ Last Meal
A quote...."The mortgage foreclosure “robo-signing” scandal has morphed into a crisis of credibility and legality that goes to the core of the U.S. banking system. The bankers can handle desperate homeowners and cowardly politicians. However, Wall Street’s denizens will soon “turn on one another like frenzied, fat, white cannibals – just as they did in 2008” – over which pig owes which."

UPDATE 2-Regulators close four banks in US, 2010 total now 143
A quote...."WASHINGTON, Nov 5 (Reuters) - The number of bank failures this year surpassed the 2009 tally on Friday when the Federal Deposit Insurance Corp announced it closed four more banks. - Friday's announcement brings the total failures to 143, moving past the 2009 total of 140."

Payrolls grow by 151,000 in October
Good news -- A quote...."WASHINGTON (MarketWatch) — The U.S. economy added jobs for the first month since May and the nation’s unemployment rate held steady at 9.6% for the third straight month, suggesting the labor market may be stabilizing." -- But.... "The strength in the labor market came from services, including temporary help and computer systems. Health care employment also increased " -- And.... "Since last December, the economy has only recaptured 874,000 of the 8.4 million jobs destroyed in the recession." -- And finally.... "Manufacturing employment fell 7,000 in October." - bold by website editor -- Just keep in mind folks, manufacturing is no longer really part of the US-NRE's economy, it accounts for only 12% of GDP and 40% of that is for the military, which is why when you see the indicies "Manufacturing ISM Report on Business" and "US Factory Orders" showing any kind of improvement, it really doesn't mean much anymore. The US-NRE's economy consists of Consumer Spending (70%), much of which is imports, watch the trade deficit for that to show up; the US Housing Market (now completely DOA for the foreseeable future); Military Spending (and other government spending); Financial Product Production (Bankster toxic waste); and all of it powered by massive Fed printing and government and consumer deficit spending. - mpg

One Piece Of Moderately Good Economic News [the labor report shown above] And 14 Pieces Of Bad Economic News That Are So Horrifying You Might Not Want To Read Them Standing Up - A quote...."The more research that you do into our economic situation the more depressing it becomes.  We are in big, big, big trouble.  The following are 14 pieces of bad economic news that are so horrifying you might not want to read them standing up...."

Pending Home Sales Drop -1.8% On Expectations Of A 3.0% Rise, Down Big From Prior Revised 4.4%
A quote...."The now forgotten foreclosuregate rears its ugly head once again, courtesy of reality. Will it also serve as a strawman for early rumblings of QE3? Sure enough, stocks jump on the bad news."

US tax data shows falling wages, rising inequality
A quote...."Average annual wages for US workers fell by $457 in 2009 and the median annual wage fell by $247 to $26,261, according to recently updated data from the Social Security Administration (SSA)."

How Ben Bernanke Sentenced The Poorest 20% Of The Population To A Cold, Hungry Winter
Chart - A quote...."The following chart prepared recently by JPMorgan demonstrates something rather scary, and makes it all too clear how the Chairman's plan to "assist" the US population via some imaginary "wealth effect" due to QE2, is about to backfire. As is now becoming very evident, the prices of energy and food products are about to surge, and in many cases have already done so...."

Gold rallies to record, a whisper from $1,400 - Silver’s at 30-year high; copper at its best in more than two years
A quote...."SAN FRANCISCO (MarketWatch) — Gold futures rallied to a fresh record high Friday, settling less than $3 away from $1,400 an ounce a day after their biggest one-day gain in nearly 20 months."

Thursday November 4th 2010

The Melting Empire
Must Read - A quote...."Rather than face the magnitude of the violence unleashed by our collective insanity, it is better to scramble around, doing the bidding of the Emperor in his chair, barking irrelevant orders. If there is one thing I have come to accept about humans, it is their near infinite capacity for absolving themselves and those they identify with of blame for that which they have done. Complain about the Emperor and his insanity and you will likely hear some riff on, "He may be a bad ‘king’ but he’s our king." Press the issue with facts and reason and the response will likely be, "My country, right or wrong." Lastly, when you remind them of the immorality of it all their last response is usually, "If you don’t like it here, leave." Interspersed with these proclamations of group loyalty will be ad hominem attacks on those that are the victims, as if name-calling and xenophobia will wash away the culpability."

Subtle Propaganda And The War For Your Mind
Must Read - A quote...."Despite all the talk over the past 15 years or so about the US and coalition forces being engaged in various 'wars', there haven't actually been any. To have a war you need two sizable armies representing two opposing nation states both with the capability to wage war on each other. I'd be impressed if anyone can point to the US or any Western nation being involved in such a conflict over the past 15 years, anywhere in the world."

None of us were like this before: Murder in Bagram
Special Note - A quote...."Extracts from "None Of Us Were Like This Before" [GoglBks] [GoglBkPrc]*  by Joshua E. S. Phillips. The book explores the legacy of torture in the “War on Terror,” told through the story of one tank battalion."  --  "Khandan was hung by his wrists for days and lowered for two or three hours a day for interrogation. Soldiers lowered him so he could relieve himself and then, he said, they would strike him and roll him down a flight of stairs. Khandan soon feared the bathroom and reasoned it would be safer to consume less food and water. After three days he stopped eating and drinking. - Eventually a soldier pleaded with him to stop fasting and assured him that he would be able to use the bathroom safely...." - *links added - also posted at Uruknet  ||  Extracts from chapter two - also posted at Uruknet  ||

WikiLeaks urges U.S. to probe into war crimes
A quote...."It is time that the United States opening up instead of covering up," and "the United States is in grave danger of losing its way", said Assange."

Confessions of a Right-Wing Liberal
Must Read -- A quote...."[Editor Lew Rockwell's Note:] - This classic piece appeared in Ramparts, VI, 4, June 15, 1968. It was the fulfillment of an ideological trend that began a few years earlier when consistent libertarians, led by Rothbard, sensed an estrangement from the American right-wing due to its support of militarism, police power, and the corporate state. Here Rothbard presents a rationale for why he and others had, by 1968, largely given up on the Right as a viable reform movement toward liberty, realized that the Right was squarely on the side of power, and thereby developed an alternative intellectual historiography. The relevance of this essay in our own time hardly needs to be explained, given the record on liberty of the Republican president, congress, and judiciary, to say nothing of conservative and right-wing media." -- Contains the Second Quote of the Day...."Even if it were desirable, America is not strong enough to police the world by military force. If that attempt is made, the blessings of liberty will be replaced by coercion and tyranny at home. Our Christian ideals cannot be exported to other lands by dollars and guns." -- *Howard Buffett*, Representative from Omaha - Attacking the Truman Doctrine on the floor of Congress - Ramparts, VI, 4, June 15, 1968
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Photocopier Phollies
Special Note - A quote...."Yemen had to arrest somebody, on the theory that it was better than being shelled by American gunships, so they did, based on some information left by the sender of the explosive photocopiers - can't you imagine the excitement of the Chicago rabbis as they open the unordered 200 pound photocopier, sent directly to them from Yemen, all without the slightest idea that something might be wrong? -  as terrorists of course never lie in filling out forms that might allow them to be caught.  Then Yemen released her, as her identity had been stolen and used by the sender (actually, it appears he just used her cell phone number, although the story is confusing as it states that the arrest was based on intelligence provided by the UAE and the US).  Imagine that!  So we don't know who sent the packages.  Osama himself.  'Al Qaeda'.  Or maybe, just maybe, the CIA or the Mossad.  We don't know, and can't know.  None of this has stopped American commentators from building a detailed story complete with the exact names of the people involved."

Murdoch's Imaginary War
A quote...."In his recent pep-talk to the Anti-Defamation League, media magnate Rupert Murdoch complains about "an ongoing war against the Jews." -- He seems desperate to divert attention from the mounting resentment around the world towards Israel. But his threadbare argument collapses straightaway because no distinction is made between criminal Israelis and Jews generally. The one remains carefully hidden behind the other." - bold by website editor -- And THAT's the problem. "Jews" have to choose, they can't have it both ways, see the quote shown below....

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Ralph Nader: Corporate socialism runs US government
Video - Alt - (YuTb - 10min 51sec - November 02, 2010) - Source:  RussiaToday -- A quote...."We have corporate socialism in this country where profits are kept and losses are socialized on the back of the taxpayer," Nader said. "There isn't a single department agency in the US government whose outside influence overwhelmingly is not corporate," he added. "They control from the outside, they put their representatives into government positions, funding the members of Congress with their cash [and] 35,000 full-time lobbyists in Washington -- they are the government."

Dissatisfied Mind: Flickers of Hope in a Deadly Political Cycle
Special Note - A quote...."I found myself unexpectedly heartened by American election returns, at least in one respect. For they have shown, once again, that the American people feel an abiding, angry – if deeply inchoate – dissatisfaction with the nation’s unjust, corrupt and dysfunctional political system. They know that something is profoundly wrong with the system, and so they keep voting one faction out and putting the other faction in, hoping to see some kind of change."

Apocalypse Again: The Boom-and-Bust Cycle of Bipartisan Politics
Quote of the Day...."Partisan politics in the United States is a perennial game of Capture the Flag between Team Red and Team Blue. Sometimes as harmless as summer camp, sometimes as lethal as imperial adventures. If our political system is one big binary code, then choosing either Democratic or Republican candidates on Election Day is like typing forever in either Column A or in Column B. You don’t get to create the political script, but you get to choose Dishwater Dull over Batshit Crazy, or maybe Hipster Dude over Has-Been War Hero. The job of career politicians is to convince you that you have a perfectly free choice to hit yourself on the head with a brick or a baseball bat." - bold by website editor

US Mid-Term Elections: The Death of Hope and Change
A quote...."To be brutally honest, those of us concerned with “national security” issues (indefinite detention without charge or trial at Guantánamo and elsewhere, trials by Military Commission and accountability for the Bush administration’s torturers) and foreign policy (the wars in Iraq and Afghanistan) could tell by May 2009 that “hope” and “change” were dead in the water."

The Obama Postmortem - An Autopsy of a Political Suicide
A quote...."November 04, 2010 "Information Clearing House" --If Obama was going to shine, it was going to be during 2009. Elected by a sizable margin with an undeniable, media-backed mandate for change during a severe economic crisis he could exploit to push through his agenda, Obama also enjoyed the rare luxury of a Democratic House of Representatives and a nearly filibuster-proof Democratic Senate. -- So what does he have to show for that marvelous gift? Three major items:...."

One: a healthcare overhaul that increases premiums and insurance company profits, and doesn’t include the public option he and everyone else said was absolutely essential. The good news is, the Republicans will probably repeal or defund this monster before it takes effect.

Two: a financial reform package no one knows about. Which is just as well, since it doesn’t crack down on the banksters.

Three: more dead Afghans."

Post-Election Postmortem: What's Different?
A quote...."So the House of Representatives changes hands; what's different? Beneath the media frenzy: not much. -- A "throw the bums out" mid-term election left more than a few bums untouched, but the corporate-financed Republicrats did manage to wrest the House of Representatives from the investment bank-greased palms of the Demopublicans. -- (Note to Nevada: did the popping of the Las Vegas real estate bubble so dispirit you that you couldn't even rouse yourself to kick the twitching carcass of Harry Reid off the back of the pickup truck?) -- Speaking of twitching carcasses, let's proceed with our post-election postmortem....."

Modern art was CIA 'weapon'  - Oh, yeah, right....there's no such thing as a conspiracy, (roll the eyes). - mpg
A quote...."For decades in art circles it was either a rumour or a joke, but now it is confirmed as a fact. The Central Intelligence Agency used American modern art - including the works of such artists as Jackson Pollock, Robert Motherwell, Willem de Kooning and Mark Rothko - as a weapon in the Cold War. In the manner of a Renaissance prince - except that it acted secretly - the CIA fostered and promoted American Abstract Expressionist painting around the world for more than 20 years. "
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Conned by "Democracy": The Middle East’s Stagnant ‘Change’
Special Note - A quote...."Democracy in the Middle East continues to be a hugely popular topic of discussion. Its virtues are tirelessly praised by rulers and oppositions alike, by intellectuals and ordinary people, by political prisoners and their prison guards. Yet, in actuality, it also remains an illusion, if not a front to ensure the demise of any real possibility of public participation in decision-making. "

'Pakistan will stick to IPI gas project'
A quote...."Pakistan has brushed aside US concerns over a multi-billion-dollar gas pipeline project with Iran, saying it will never abandon the plan. -- This project is very important for us, for our economic growth as Pakistan is facing a huge energy deficit… so we attach an immense importance to this project and I don't think that Pakistan will abandon this project." Pakistan Foreign Ministry Spokesman Abdul Basit told a PressTV correspondent on Thursday." - WHAT!! Pakistan doesn't want to be in perpetual hock to the IMF?  Pakistan doesn't want to crawl on its belly to beg for gas or oil from the US-NRE's terrorist supporting "friends" (Bush's quote) the Saudi Royals?  How dare they have such aspirations, let's bomb and destabilize their entire country.... what.... we're already doing that?  Wow, you see how smart the US-NRE's parasites are, they knew those little wogs were gonna get all uppity and uncooperative with their New World Order and they "pre-bombed" them Pakies (you know, sort'a like pre-crime). - mpg

'Tehran provided Kabul $500 million'‎
A quote...."Iran says it has provided its western neighbor Afghanistan with around half a billion dollars for its reconstruction during the past couple of years." - Whereas the US-NRE has provided HUNDREDS of billions of dollars in de-construction aid!  That makes us nicer don't it? - mpg

'US targets civilians in Kandahar'
A quote...."US-led foreign forces have once again been criticized for military operations that have led to death and destruction in war-ravaged Afghanistan."

'Rousseff underscores Iran-Brazil ties'
A quote...."Brazilian President-elect Dilma Rousseff says her country will maintain its ties with Iran in line with Brazil's 'peaceful' foreign policy agenda, a report says." - also posted at WarInIraq

PKK terrorists admit Istanbul bombing
A quote...."Terrorists linked to the anti-Ankara Kurdistan Workers Party (PKK) have claimed responsibility for the weekend's bombing attack against the Turkish police."

Relations between Turkey and Israel receive another blow
A quote...."(Israelnationalnews.com) Israel’s new Ambassador to Armenia, Shmuel Meirom, recently submitted his credential to Armenian President Serzh Sargsyan. While this protocol event would normally not receive much attention, an analysis that appeared in ArmeniaNow suggests that the appointment of new Israeli ambassador to Armenia might mean that a new level in the relations between Armenia and Israel could be reached."

U.S. ratchets up Contra War II against Nicaragua - Not again!! - mpg - posted at OnlineJournal
Special Note - So what's it gonna be this time, the Afghan/Heroin-Contra scandal instead of the Cocaine-Contra scandal?  Wherein the US-NRE imports the tons of heroin it's currently growing under CIA auspices's in Afghanistan into America's cities to fund Contra Deux?  The sick wackos in this government just NEVER quit. - mpg -- A quote...."(WMR) -- Borrowing its war plan against the Sandinista government of Nicaragua from Ronald Reagan, George H W Bush, and Oliver North, the Obama administration has given a green light to two neighbors of Nicaragua -- Costa Rica and Honduras -- to ratchet up tensions on their borders with Nicaragua. -- On October 18, 2010, WMR reported: “Costa Rican police and DIS personnel are allegedly involved in the cross-border [drug] trafficking. Currently, a Colombian bank is being used to buy up land along the Costa Rican-Nicaraguan border ostensibly for “tourist” purposes but the $2 billion project is designed to establish staging areas for renewed Contra warfare in Nicaragua if the Sandinistas remain in power beyond the 2011 election. The US private military contractor Dyncorp is also involved in providing assistance to the Contras using the cover of ‘humanitarian assistance.’”

OAS Chief to Mediate in Costa Rica-Nicaragua [US-NRE Instigated] Border Spat
Related Article - A quote...."WASHINGTON – Organization of American States chief Jose Miguel Insulza will travel immediately to Costa Rica and Nicaragua to mediate their border conflict, the OAS said Thursday."

Lockheed: Heavier budget overruns & more delays for F-35 fighter jet program
A quote....(From a commentator at WarInIraq) -- "What did I say ?  That US defense JSF F-35 fighter jet program is completely spiraling out of control ! -- Development costs are now already at $382 billion ! -- Guess, how many they must build until production costs come down to less than the promised $180 million per unit. -- Likewise, scheduled production start is pushed back to 2015. -- I already told you so, back in October, when Israel was bragging how she would acquire 100 units of those F-35 fighter jets at once, and how she would pay close to nothing for those jets, because she is soooo important an ally for the US. Now it is more than doubtful, how and when (if ever) Israel will be getting them. In 20 years perhaps ?" - Article Source:  Bloomberg
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More On The Palestinian Situation....

Boycott victory: Africa Israel suspends settlement construction
Boycott, Divest and Sanction the ENTIRE state of Israel!! Because the crimes we allow them to commit reflects badly on us all. - mpg -- A quote...."Africa Israel, the flagship company of Israeli billionaire Lev Leviev, announced this week that it is no longer involved in Israeli settlement projects and that it has no plans for future settlement activities. Africa Israel subsequently denied that this was a political decision. However, in the last few years numerous organizations, firms, governments and celebrities have exerted pressure and severed their relationships with Leviev and his companies over their involvement in settlement construction and other human rights abuses, in response to a boycott campaign initiated by Adalah-NY." - For more on how to Boycott, Divest and Sanction the state of Israel see the upper-left-corner of the "Front Page" of this website.

Tell your MP that war criminals should be prosecuted not welcomed!
British Action Alert - A quote...."Yesterday, the Foreign Secretary William Hague reiterated the government’s commitment to urgently resolve the “unacceptable situation” with regard to universal jurisdiction during his visit to Israel. -- The coalition government want to change the current legislation to give the Director of Public Prosecutions power over issuing arrest warrants against alleged international criminals who visit the UK -- The change will make it easier for war criminals to escape justice – please take two minutes to email your MP and ask them to sign EDM 108 and make public their opposition to any change in the law. (If your MP has a ministerial position, please write to them anyway, asking them to write to the Foreign Office)."

Gazans demonstrate on anniversary of Balfour Declaration
A quote...."As Israeli army snipers in the control tower at the Erez crossing looked on, Saber Al Za’anin, the General Coordinator of the Local Initiative group spoke passionately about Palestinian resistance on the anniversary of the November 3rd 1917 Balfour Declaration."

Israel razes two Palestinian homes in Ara
A quote...."RAMALLAH, (PIC)-- Israeli bulldozers razed two Palestinian homes in Ara village, in the Triangle area occupied since 1948, at the pretext of lack of construction permits. -- The demolition, which took place at dawn, was protected by large numbers of policemen, who blocked citizens from heading to the scene to defend the houses."

Army Invades Central Gaza
A quote...."Israeli soldiers, supported by a number of armored vehicles and tanks, invaded on Wednesday evening an area east of al-Boreij refugee camp in central Gaza." - also posted at Uruknet
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'Chosen Ones" Advise Us on How to Protect Our House of Finance
Special Note - A quote...."The world's largest counterfeiting operation, the privately owned and Zionist Jew run Fed was there, in the person of Donald KOHN. And the Israeli Branch of Finance, AKA as the U.S. Treasury Department had Neil WOLIN present. WOLIN is a CFR 'made man' who also assisted the 1999 US Treasury head Robert RUBIN, in gutting the 1930's enacted law, the Glass-Steagall Act, which had put up a 'firewall' between commercial and investment banking. -- Shortly after helping pass this Bankster Gangster Act, Rubin left his post at Treasury and joined one of those 'Too Big to Fail' Wall Street banks, Citigroup, where he raked in over 100 MILLION dollars, until the whole con started falling apart in 2008, when Rubin quietly slipped out the back door to enjoy his lucre."

Bernanke Confirms That The Key Goal Of The Fed, And QE2, Is To Boost Stock Prices
A quote...."So much for the Fed's two mythical mandates of promoting "maximum employment" and maintaining "price stability." First, we had Bernanke's predecessor Greenspan confirming in late July on Meet the Press what everyone knows: namely that the primary goal of the Fed is merely to encourage higher stock prices: "if the stock market continues higher it will do more to stimulate the economy than any other measure we have discussed here." And now, courtesy of an Op-Ed by the current chairman, we get confirmation, again, just three months later, from the current chairman, that the Fed cares mostly about stimulating high stock prices, solely to create the completely artificial illusion of "wealth" for the few, the proud, the shareholders, and the banking oligarchy." - Topix ||  What Ben Bernanke Said - 03-18-08 - mpg  ||

US Federal Reserve stokes global currency war
A quote...."The Federal Reserve Board’s announcement Wednesday of a second round of “quantitative easing”—the printing of hundreds of billions of US dollars—is an aggressive and unilateralist move, widely—and legitimately—perceived by America’s economic rivals as a hostile act. -- The US central bank is pursuing a deliberate policy of devaluing the dollar in order to cheapen the price of US exports and make foreign imports more expensive. Under conditions of stagnant markets and negligible economic growth in the US, Europe and Japan, such a policy inevitably fuels countermeasures by America’s competitors."

Backlash against Fed’s $600bn easing
A quote...."The US Federal Reserve’s decision to pump an extra $600bn into the economy has galvanized emerging market central banks into preparing defensive measures and sparked criticism from leading global economies. -- The Fed’s initiative, in response to rising concern about the weakness of the US economy, has fuelled fears of a sharp drop in the dollar and a fresh flood of capital inflows into emerging markets. -- China, Brazil and Germany on Thursday criticised the Fed’s action a day earlier, and a string of east Asian central banks said they were preparing measures to defend their economies against large capital inflows. -- Guido Mantega, the Brazilian finance minister who was the first to warn of a “currency war”, said: “Everybody wants the US economy to recover, but it does no good at all to just throw dollars from a helicopter.” -- Mr Mantega added: “You have to combine that with fiscal policy. You have to stimulate consumption.” Germany also expressed concern. -- An adviser to the Chinese central bank called unbridled printing of dollars the biggest risk to the global economy and said China should use currency policy and capital controls to cushion itself from external shocks."

U.S.told to give "explanation" for new monetary policy
A quote...."A senior Chinese foreign affairs official said on Friday that the United States should "give an appropriate explanation" for its latest relaxed monetary policy, urging the U.S. to take a responsible attitude as a major reserve currency issuing country."

Presenting The Fed's Balance Sheet Through 2012 - Fed Will Surpass China As Top Holder Of US Debt By The End Of The Month -- Chart - A quote...."As is all too well known by now, starting over the next few days, the Fed will commence purchasing $75 billion in Treasury securities monthly until the end of June, and will buy an additional $35 billion in Treasurys to make up for declining holdings of MBS (due to repurchases). We still believe that as a result of the imminent drop in rates (especially those around the curve belly), as we have claimed for over a month, the feedback loop that will be created will result in a far greater repurchase frequency of MBS securities over the next 8 months, and we would not be surprised if at some point in Q2 2011, the Fed is buying $150 billion in Treasurys monthly." - also posted at BLN

Fitch Says 7M Homes in the Shadows Will Take 40 Months to Clear
A quote...."New figures released by Fitch Ratings put the industry’s shadow inventory at 7 million homes. The agency defines the shadow supply of properties as loans that are delinquent, in foreclosure, or real-estate-owned (REO) by the servicer, and Fitch says based on recent liquidation trends, it will take more than 40 months to clear this existing distressed inventory."

Initial Jobless Claims in the U.S. Climb More Than Forecast
A quote...."Jobless claims rose by 20,000 to 457,000 in the week ended Oct. 30 from a revised 437,000 the prior week, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance fell, while those on extended payments increased."

Gold Futures Rise to Record as Fed Purchases Drive Dollar Lower
A quote...."After settling at $1,383.10 an ounce on the Comex, gold rallied to $1,393.40, the highest ever, in after-hours electronic trading. The dollar fell to the lowest level in almost 11 months against a basket of major currencies after the Fed yesterday said it will buy an additional $600 billion of Treasuries through June to spur growth. Gold futures are up 27 percent this year, heading for a 10th straight annual gain." - bold by website editor

Gold rallies to record as Fed feeds inflation fear
A quote...."SAN FRANCISCO (MarketWatch) -- Gold futures rallied to a record over $1,380 an ounce Thursday, and silver futures rocketed more than 6%, after investors piled into precious metals as a hedge against the sinking U.S. dollar after the Federal Reserve rolled out a new, $600 billion of extraordinary stimulus measures to prevent deflation. Gold for December delivery closed up $45.50, or 3.4%, to $1,383.10 an ounce. Silver for December delivery surged $1.61, or 6.6%, to $26.04 an ounce."

Wednesday November 3rd 2010

"At the end of the day, all this deflation talk is a red herring. The true purpose of QE 2 is to disguise the decreasing ability of the Treasury to finance its debts. As global demand for dollar-denominated debt falls, the Fed is looking for an excuse to pick up the slack. By announcing QE 2, it can monetize government debt without the markets perceiving a funding problem."  --  *Peter Schiff*, CEO of Euro Pacific Capital 

"I think that this will quite possibly be the worst mistake by the Fed in a generation,"  -- *Stephen Stanley* of Pierpont Securities.