Russia Dumps US Dollar as basic reserve currency

The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.

MSM: Companies could vaccinate 4.9 bln against H1N1 -WHO

(Reuters) – Companies could potentially turn out 4.9 billion doses of vaccine against the new H1N1 influenza strain within a year under the best-case scenario, World Health Organization officials said on Tuesday.

MSM: U.S. Taxpayers About to Buy GM

U.S. govt to buy new GM in return for debt forgiveness. New company expected to honor secured lender claims. Plans include giving new GM stakes to union, bondholders (Recasts, adds details about GM supplier Delphi Corp).

Video: Ron Paul – Have we lost our mind? – 5/19/09

Military attorney: Waterboarding is ‘tip of the iceberg’

A military attorney who represented a now-freed Guantanamo detainee told CNN on Wednesday that waterboarding is only “the tip of the iceberg”

A Sick Joke? – Obama Calls for Demilitarized PA “State”

Amid much speculation over US President Barack Obama’s upcoming address to the Muslim world, reports published on Wednesday outlined the details of his Middle East peace plan, which are said to include a demilitarized Palestinian state.

The Crimes of Wall Street: The Scam and Sleaze at the Top

So many of us know in detail about all the false warnings and exaggerated claims that were used to justify the war in Iraq. By now, six years later, and after many books, reports, news stories and films, we see the pattern of lies and deception. We realize what a fraud was committed against the American people and what its consequences have been for the people of this country, Iraq and Afghanistan.

The Backdoor Draft

As of March, 2009 orders had been issued to 26,954 members of the IRR since September, 2001. These numbers only reflect that of the Army, not the other services. Only 48% of those recalled have actually reported for duty.

Democratic Representative Kills Texas Sovereignty Resolution

State Rep. Senfronia Thompson (D-Houston) used a procedural motion to block HCR 50, the state sovereignty reaffirmation resolution, Tuesday evening. The move blocks a bipartisan effort to protect state and individual rights from federal government usurpation.

MSM: Iran fires missile capable of hitting Israel

Iran has claimed to have test-fired a new medium-range surface to surface missile capable of reaching Israel.

The Real Lesson of the Financial Crisis

The financial channels are abuzz with talk of a recovery, but we’re not out of the woods yet. In fact, the deceleration in the rate of economic decline is not a sign of recovery at all, but proof that the economy is resetting at a lower level of activity. That means the recession will drag on for some time no matter what the Fed does.

MSM: In Chile, the birds are dying, and no one knows why

A series of environmental disasters in Chile have puzzled scientists. Some are blaming global warming.

MSM: US arms sent to Afghan forces ‘in Taliban hands’

Pentagon munitions have leaked from Afghan forces to Taliban militants, enabling them to fight an insurgency for years against materially superior US and Afghan forces, The New York Times reported.

Stop the Press! This is what Israeli Democracy Looks Like

Last Tuesday, prominent Israeli journalist Amira Hass was arrested by Israeli authorities upon entering Israel from Gaza. Hass, a correspondent for the daily Ha’aretz, had been living and working in Gaza for months, reporting on the lives of Palestinians and revealing many devastating truths about the brutalized and besieged community.

Video: Alex Jones – Bilderberg Club’s plan – Russia Today

The Bilderberg Club, which has been surrounded in secrecy for the last 50 years, has concluded its annual session in Greece. Alex Jones, one of America’s most famous radio hosts, shed some light on what kind of fraternity it is and what its aims are.

MSM: Examiner Editorial – Get ready for Obama’s coming hyperinflation – 4-29-09

Santayana’s maxim – those who refuse to learn from history are doomed to repeat it – has grown threadbare from heavy use. But it unavoidably comes to mind this week, as President Barack Obama and his fellow Democrats on Capitol Hill blithely put the final touches on the chief executive’s proposed 2010 federal budget.

The Weimar Hyperinflation? Could it Happen Again?

“It was horrible. Horrible! Like lightning it struck. No one was prepared. The shelves in the grocery stores were empty. You could buy nothing with your paper money.” – Harvard University law professor Friedrich Kessler on the Weimar Republic hyperinflation (1993 interview)

Video: Max Keiser – Poverty and Food Shortage is Created by the Banking System