World War

(MSNBC) – Video: US Might ‘Assassinate’ Wikileaks Founder who ‘confirms’ it has new video of US massacre in Afghanistan

(KurtNimmo) – Armada of U.S. and Israeli Warships Head for Iran

More than twelve U.S. and Israeli warships, including an aircraft carrier, passed through the Suez Canal on Friday and are headed for the Red Sea. “According to eyewitnesses, the U.S. battleships were the largest to have crossed the Canal in many years,” reported the London-based newspaper al-Quds al-Arabi on Saturday. Read More Here

(VeteransToday) – Gordon Duff: The Cardboard Lotharios – Analyzing Staged World Conflict

In 2006, North Korea exploded a plutonium based nuclear weapon, an unsuccessful test of either a “found” nuke in poor repair, or something poorly designed. America had predicted that they were at least five years from this capability, we always hear the same story, everyone is five years from having nuclear weapons. On May 25th, 2009, North Korea exploded its second bomb, its first clearly identifiable nuclear weapon, a “Hiroshima sized” bomb, tiny by US standards. What we didn’t say is that the signature of this bomb had been seen before. Read More Here

(Uruknet) – Democracy Now – Video: With Rumored Manhunt for Wikileaks Founder and Arrest of Alleged Leaker of Video Showing Iraq Killings, Obama Admin Escalates Crackdown on Whistleblowers of Classified Information – Video Link Here

(HuffingtonPost) – Kyrgyzstan Violence Claims Up To 2,000 Lives

Entire Uzbek neighborhoods of southern Kyrgyzstan have been reduced to scorched ruins by rampaging mobs of ethnic Kyrgyz who forced nearly half of the region’s roughly 800,000 Uzbeks to flee for their lives. Read More Here

(AntiWar) – Gates: Iran Might Attack Europe With ‘Hundreds of Missiles’

In what must be among the wildest speculations of the Obama Administration, Secretary of Defense Robert Gates sought to defend a massive US missile defense system in Europe by guessing that Iran might fire “scores or even hundreds of missiles” at Europe. Read More Here

Gaza News

(DesertPeace) – FIDEL CASTRO AND HELEN THOMAS ~~ ISRAEL’S LATEST TARGETS

Zionist supremacists from Tel Aviv to Los Angeles are ganging up on two elderly targets these days. The first is the 84-year-old Fidel Castro, a man who apparently made up his mind about Zionism more than six decades ago. And the second is 89-year-old veteran American journalist Helen Thomas. Read More Here

(ArabNews) – Israel’s propaganda war

Israel’s ability to shape public opinion regarding the flotilla massacre is intimately linked to its long-standing campaign to manipulate global public perceptions of what has been happening in Palestine all along since Israel’s birth in 1947. Read More Here

(Uruknet) – WHO: Medical equipment still banned from Gaza

Spare medical parts and replacements are, in practice, barred from entry into Gaza, or only arrive “after great delays,” a World Health Organization spokesman told Ma’an on Friday. Read More Here

(YNet) – Report: Egypt refuses to stop Iranian ships

Kuwaiti paper says Egypt denied Israeli request to prevent Gaza aid ships from passing through Suez Canal Read More Here

(Observer) – Flotilla Speakers Set to Sail Into New York – Read More Here

(SouthLebanon) – Israel’s ‘Final Solution’ – Read More Here

(PressTV) – Israel set to demolish 22 more homes – Read More Here

(Uruknet) – Gaza’s humanitarian catastrophe

While Israel says there is no humanitarian crisis in Gaza, in reality there is a catastrophe, writes Saleh Al-Naami – Read More Here

(MEM) – Israel threatens to arrest and try passengers of international ships bound for Gaza – Read More Here

(Haaretz) – Israel to UN: We reserve the right to stop Lebanon Gaza-bound flotilla Read More Here

(DesertPeace) – PALESTINE ~~ RESISTANCE AT HOME AND ABROAD – Read More Here

Economy

(Telegraph) – US faces one of biggest budget crunches in world – IMF – Read More Here

(NaturalNews) – Why U.S. lawmakers oppose renewable energy grants

With the economy in shambles throughout the past year or two, lawmakers have been scrambling to find ways to spur growth and increase American jobs. However many are opposing stimulus efforts that create jobs overseas, including renewable energy grants that end up creating manufacturing jobs in China rather than in the U.S. Read More Here

(C4L) – PIIGS Win. Bankers Win. Voters Lose – Read More Here

(KurtNimmo) – Obama Administration: Goldman Sachs from Top to Bottom

Two articles on the FDL website detail the intimate and incestuous relationship between the Barry Obama administration and Goldman Sachs. FDL names names and provides expansive detail on the Goldie administration. Read More Here

(BusinessInsider) – Surprise! Cost Of Healthcare Bill Already Spiraling Beyond Estimates, And Democrats Are Ignoring The Reasons Why

There’s been a spate of bad news recently about the health care bill.

Henry Waxman canceled his War on Accounting, not because there was a sudden breakout of common sense on Capitol Hill, but because his committee’s investigation revealed that companies had begun exploring whether they should drop their health insurance plans entirely–a move that would cost over $100 billion dollars thanks to the huge new subsidies the government would have to dole out. Read More Here

(RawStory) – Schwarzenegger’s solution to California’s budget woes: End welfare

Governor Arnold Schwarzenegger on Friday unveiled plans to plug California’s budget deficit by slashing billions of dollars worth of funding for services designed to help the state’s poor. Read More Here

(OilPrice) – 4 Economic Predictions: What Remains when you Scrape Away the Hype – Read More Here

The Mainstream Financial Media (MFM) is famously (or infamously) deficient in any context other than the day’s swirl of data, rumor and response.

(Campaign4Liberty) – Will the New Bailout Save Europe?

Keep in mind that the European Central Bank (ECB) is buying bonds with printed money, which means inflation. Like the United States, Europe is broke, and will be even more so once this “bailout” goes through. Read More Here

(Bloomberg) – Fed Board May Soon Add Three More Millionaires to Its Ranks – Read More Here

(AP) – Trichet: economy in deepest crisis since WWII

The President of the European Central Bank was quoted Saturday as saying that he still sees Europe’s economy in its deepest crisis since World War II, or even World War I. Read More Here

(EconomicPolicyJournal) – The Fed Currency Swaps Begin – Read More Here

(Guardian) – Bankers’ earnings surge towards pre-crash levels

Pay and bonuses totalled £20.5bn in four months to April, compared with £24bn at height of boom in 2007 Read More Here

(TheStreet) – Bank Failures Exceed 2009’s Pace

State regulators closed four community banks Friday, bringing the total number of failed banks for 2010 to 72. Read More Here

(Telegraph) – President Nicolas Sarkozy ‘threatened to pull France out of euro’

President Nicolas Sarkozy slammed his fist on the table and threatened to pull France out of the euro at a meeting of European leaders deciding Greece’s aid package last Friday, according to Spain’s El Pais newspaper. Read More Here

(BusinessWeek) – Euro Breakup Talk Increases as Germany Loses Proxy (Update1) – Read More Here

(Reuters) – US bankruptcies resume upward path in 1st quarter

U.S. bankruptcy filings resumed their upward climb in the first quarter, nearly equaling their highest level since 2005, as high unemployment and a still-strained housing market squeezed consumers. Read More Here

(VoiceOfRussia) – Global crisis not over yet – Putin

Russia’s Prime Minister Vladimir Putin has warned that the global economic crisis is not over yet. Addressing top finance and economic development ministry officials on Friday, he said that the crisis had forced eurozone countries to take tough financial stabilization measures and that ordinary citizens were now paying for macro-economic blunders. Read More Here

(EconomicCollapseBlog) – Will The U.K. Be The Next European Nation To Experience A Massive Debt Crisis? – Read More Here

(Fox) – Obama’s Ex-Auto Czar Says GM May Have Stretched Truth About Loan Repayment

President Obama’s former auto czar has nothing but praise for General Motors’ new chief executive, Ed Whitacre, but he acknowledged this week that the auto giant may have “slightly elasticized the reality of things” by airing an ad claiming it had repaid its government loans “in full.” Read More Here

(CalculatedRisk) – Schwarzenegger: Eliminate Welfare and most Child Care, reduce Health Care

From the SacBee: Schwarzenegger budget would eliminate welfare

Gov. Arnold Schwarzenegger asked lawmakers Friday to eliminate the state’s welfare program starting in October and dramatically scale back in-home care for elderly and disabled as part of his May budget revision to close a $19.1 billion deficit. Read More Here

(Telegraph) – VAT should be imposed on food and children’s clothes, says IMF

David Cameron should use this summer’s emergency Budget to raise VAT on a host of excluded products, including food and children’s clothes, the International Monetary Fund signalled yesterday. Read More Here

Video: Bob Chapman’s Friday, May 14th Economic Report on Alex Jones Tv

Friday guest Bob Chapman, a former stockbroker who has written numerous article on business, finance, economics, politics, and publishes The International Forecaster. Continue reading

MSM: Thai Protests – Violence Erupts In Bangkok

See Also: (TimesOnline) – Death toll rises as anti-government protests escalate in Thailand – Read More Here

“We are being surrounded. We are being crushed. The soldiers are closing in on us. This is not a civil war yet, but it’s very, very cruel,” Weng Tojirakarn, a protest leader, told The Associated Press.
(HuffingtonPost) – Thai troops fired bullets at anti-government protesters, and explosions thundered in the heart of Bangkok on Friday as an army push to clear the streets and end a two-month political standoff sparked clashes that have killed eight and wounded 101.

As night fell, booming explosions and the sound of gunfire rattled around major intersections in the central business district. Local TV reported that several grenades hit a shopping center and elevated-rail station. Plumes of black smoke hung over the neighborhood as tires burned in eerily empty streets while onlookers ducked for cover. Continue reading

MSM: Thai protesters break into satellite station

(MSNBC) – Thai protesters stormed a satellite station on Friday, breaching an army cordon and demanding officials lift censorship of their TV channel in the first major confrontation in a three-day state of emergency. Continue reading

Oddities in the Nancy Schaefer “Suicide” Case

(Infowars) – On Friday, former Senator Nancy Schaefer and her husband were found dead in their home in Habersham County. Even before a GBI investigation could be initiated, media outlets began pronouncing that their death was a “murder-suicide” and shut off most public comment posting on their web sites. The “murder suicide” theory implies that Sen. Schaefer’s husband shot her and then killed himself (or vice versa). Both Habersham County and the Georgia Bureau of Investigation began investigating the case as a “murder suicide” rather than the more obvious “murder made to look like suicide”. Like so many people, I have known former Sen. Nancy Schaefer for 15 years and spoken to several people who know her better than I do. They believe that the “murder suicide” theory is highly unlikely for any one of the following reasons: Continue reading

Sovereign debt fears signal new stage of global crisis

(WSWS) – Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession. Continue reading

MSM: Job losses from Great Recession about to get worse

(Yahoo) – Job losses during the Great Recession have been huge and they’re about to get bigger.
When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million. Continue reading

MSM: Recession Will Be ‘Full-Blown Depression’: Strategist

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Continue reading

Irish No will not stop Europe advancing, says France

France has indicated that even if the Irish vote No in their referendum on the Lisbon Treaty on Friday, it will not hinder the European Union from taking steps towards further integration. Continue reading

“I had a dream.” It was 2008 and Barack Obama was elected the 44th President of the United States – Robert Singer

The world is engulfed in a global economic crisis of staggering ferocity rivaling four other financial meltdowns—which all began in the month of October. [1]

VP Biden and former Fed Chairman Paul Volcker don’t remember any time when things went down quite so fast, quite so uniformly around the world. The current crisis looks more like the collapse of the Soviet Union, on October 18, 1991, when Gorbachev signed an agreement forming a new economic community. Continue reading