Video: New York Times Planted Story on Afghan Mineral Wealth Designed to Prolong US Occupation, Spur Neocon-Backed Petraeus Presidential Candidacy

(WebsterTarpley) – To provide a new and spurious economic looting argument for making the US occupation of Afghanistan virtually endless, and to advance the candidacy of General David Petraeus as the principal neocon warmonger candidate for president on the Republican ticket in 2012 – these are the purposes of the story planted in the June 13, 2010 New York Times under the byline of James Risen, who is acting as stenographer for the neocons in the great tradition of his predecessor Judith Miller. In retrospect, this article may well be seen as the opening gun of an overt push to place General Petraeus in the White House in 2012 as the new Field Marshal von Hindenburg.

Economy

(CommitteeForAbolitionOfThirdWorldDebt) – Eurozone Economic Crisis: Call For a European Mobilisation Against the Dictatorship of the Creditors

Text of the La Marlagne Declaration Read More Here

(HuffingtonPost) – Tier 5: The Despair Of The 99ers

Hundreds of thousands of long-term unemployed people across the country are watching in despair as Congress limps toward a reauthorization of jobless aid programs that won’t even help them.

They are the 99ers, people who have exhausted the maximum 99 weeks of unemployment benefits available in some states. Read More Here

(MotherJones) – Soldier in Iraq Loses Home Over $800 Debt

Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500. This is story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy. Read More Here

(ZeroHedge) – Dollar to be Replaced with IMF’s SDR as Reserve Currency?

Jim O’Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the IMF’s Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member. Read More Here

(Globe&Mail) – Greece could set off bigger debt bomb

Let’s play a little game called Disaster. Imagine an event that could trigger a genuine, knock ’em down, worldwide catastrophe. Think of Pearl Harbor, multiplied by 10, or even 100. Read More Here

(BizJournals) – N.C. loses 1,800 more construction jobs

North Carolina lost 1,800 jobs in the construction industry in April, according to a report released Friday. But the study also shows the industry’s nationwide slowdown is beginning to wane. Read More Here

(Bloomberg) – Berlusconi Says $30 Billion of Budget Cuts Needed to Save Euro – Read More Here

(CNBC) – More Cities on Brink of Bankruptcy – Read More Here

(BizJournals) – Cincinnati State hikes tuition 3.5% – Read More Here

(HoweStreet) – Miami Commissioner Says Bankruptcy is City’s Best Hope; Chris Christie Says New Jersey Careens Towards Becoming Greece – Read More Here

(CNNMoney) – Youth jobless crisis could have lasting impact – Read More Here

(NBCMiami) – Video: Miami Budget Begging for Bankruptcy – Video Link Here

(WPost) – 100,000 teachers nationwide face layoffs – Read More Here

(AmericanThinker) – Folly Central: Obama Considers Another Stimulus

Another stimulus. That’s right. You read correctly. The U.K.’s Telegraph reports that dour President Obama and his cadre of thick-headed left-wing ideologues are weighing additional borrowing. This time to the tune of $200 billion. Paltry when stacked against the trillions in debt the nation is already massing? Can you say the “tyranny of compounding interest?” Read More Here

(BusinessInsider) – The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’

The negative take is that this crashing money supply will lead to both deflation and a double dip recession: Read More Here

(ABCNews) – National Debt Soars Past $13 Trillion – Read More Here

(EconomicPolicyJournal) – Subprime Goes to College: $300 Billion in Defaults Coming

Mike O’Rourke (Via ZeroHedge) has a nice summary of yesterday’s Ira Sohn Research Conference.

Of note was Frontpoint’s Steve Eisman, who has spotted another private sector industry that is in bed with government big time ,that is taking advantage of the poor, and will collapse. Here’s O’Rourke’s report on Eisman’s speech: Read More Here

(TaxProf) – Gird Your Loins: IRS ‘Wealth Squads’ Are on the Way

Newly created exam teams will scrub wealthy taxpayers’ hedge funds, trusts and foreign accounts. Read More Here

(DailyFinance) – BankWatch: TARP Investments Lead to Huge Losses for U.S. Treasury

As struggling banks get acquired or fail, the U.S. Treasury is shouldering a growing burden: Its investments in TARP are turning out to be a bust, leading to huge losses. And there are signs of more trouble ahead. Read More Here

(AmericanThinker) – Another Sham Stimulus Bill – Read More Here

(WashingtonPost) – 100,000 teachers nationwide face layoffs

Senior congressional Democrats and the Obama administration scrambled Wednesday to line up support for $23 billion in federal aid to avert an estimated 100,000 or more school layoffs in a brutal year for education budgets coast to coast. Read More Here

(InfoClearingHouse) – Credit Storm in Europe; Politics on Capital Hill – Mike Whitney

Credit market turmoil in the Eurozone has ignited frenzied trading on global markets. On Tuesday, shares tumbled nearly 300 points on the Dow Jones before launching an unconvincing 257-point late-day comeback. Wednesday the mayhem continued; all the major indexes seesawed wildly as positive news on durable goods was nixed by reports on wobbly EU banks. Read More Here

(HuffingtonPost) – The Cult of Subprime Central Bankers

The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the collapse of the housing bubble. Read More Here

(WSJ) – Banks Trim Debt, Obscuring Risks

Three big banks—Bank of America Corp., Deutsche Bank AG and Citigroup Inc.—are among the most active at temporarily shedding debt just before reporting their finances to the public, a Wall Street Journal analysis shows. Read More Here

(Fox) – Video: Freedom Watch – Reigning in National Debt

May 26 – What role did supply-side economics play in creating U.S. deficit?

Video: Dylan Ratigan – Biggest Transference Of Wealth In History!

Part 1 of 2

How the Financially Connected Prospered in a Decade where Wealth Evaporated for the Majority

(MyBudget360) – S&P 500 Down 24 Percent for the Decade, Real Home Values down 3%, U.S. Dollar down 23%, and Unemployment back to 1980 Levels.

Economist: Health Care Bill “Is Just Another Bailout Of The Financial System”

(WashingtonsBlog) – It is obvious that many republicans oppose the proposed health care bill. But many liberals and progressives oppose it as well.

Mounting Political Tensions as the US, Russia and China Compete for the Control of the World’s Oil and Gas Reserves

China’s completion of an historic natural gas pipeline with Kazakhstan bypassing Russia this week tightens the Asian behemoth’s grip on energy resources needed to fuel a burgeoning economy, a desire also forcing it on a quest for oil and gas wealth in other corners of the globe.

Final Copenhagen Text Includes Global Transaction Tax

The final Copenhagen draft agreement which was hammered out in the early hours of Friday morning includes provisions for a global tax on financial transactions that will be paid directly to the World Bank, as President Obama prepares to bypass Congress by approving a massive transfer of wealth from America into globalist hands.

The Road to Copenhagen Part II: Rise of the Social Engineers

As Lord Christopher Monckton pointed out, the Copenhagen conference at the beginning of next month is designed to eliminate national sovereignty in favor of a world government to replace it. With a stroke of the pen all UN-member-states will, by doing so, throw away years of prosperity in order to satisfy the transnational needs of a global elite, hellbent on destroying the last vestiges of freedom around the world in the name of “redistributing wealth”.

The Democrats Are Privatizing Wealth Redistribution – Campaign for Liberty

George W. Bush redistributed more wealth during his presidency than any president had since Lyndon Johnson. Republicans really have never had any problem with redistributing wealth as long as the proceeds go to the right people. Since Medicare benefits senior citizens, a constituency that no election can be won without in the baby boomer retirement era, Republicans had no problem using the force of government to take money from one individual and use it to buy “healthcare” for another — as they did with their Medicare prescription drug benefit.

US Rich-Poor Income Gap World’s Most Extreme

Income inequality in the US is now the most extreme of all countries. The 2008 OECD report ‘Income Distribution and Poverty in OECD Countries’ concludes that the US is the country with the highest inequality and poverty rate across the OECD and that since 2000 nowhere has there been such a stark rise in income inequality as in the US. The OECD finds that in the US the distribution of wealth is even more unequal than the distribution of income.

Video: The great banking scam – Michel Chossudovsky

Who do the banks owe money to? Are those hedge funds affiliated with the very banks that were bailed out? Prof. Chossudovsky explains. He emphasizes the bailouts will not help the crisis, but will exacerbate it.

US Joins Ranks of Failed States – Paul Craig Roberts

The US has every characteristic of a failed state.

The US government’s current operating budget is dependent on foreign financing and money creation.

A Postal Strike In Britain Is The War At Home – John Pilger

The postal workers’ struggle is as vital for democracy as any national event in recent years. The campaign against them is part of a historic shift from the last vestiges of political democracy in Britain to a corporate world of insecurity and war. If the privateers running the Post Office are allowed to win, the regression that now touches all lives bar the wealthy will quicken its pace. A third of British children now live in low-income or impoverished families. One in five young people is denied hope of a decent job or education.

How Did America Fall So Fast?

In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).
How did it happen so fast?

2009 US economy: largest transfer of wealth to financial/political elite in global history

Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim as gross violations of financial law. Let’s consider current facts of high importance:

Top U.S. Scientist Arrested in FBI Sting Attempting to Sell Nuclear Secrets to Israel

Allegations mirror those long made by FBI translator / whistleblower Sibel Edmonds…

Marx and Lenin Revisited – Paul Craig Roberts

“Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.” Karl Marx
If Karl Marx and V. I. Lenin were alive today, they would be leading contenders for the Nobel Prize in economics.

AE911Truth: From the Golden Gate to Ground Zero for the 8th Anniversary of 9/11

Richard Gage, AIA, founder and CEO of the non-profit Architects & Engineers for 9/11 Truth (AE911Truth), presented a 40-minute version of the two-hour presentation 9/11: Blueprint for Truth to a sold-out crowd at the prestigious Commonwealth Club of California in San Francisco on Tuesday,

MSM: U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy

(Fox) – A United Nations document on “climate change” that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.

Chinese sovereign wealth fund dumping dollars for strategic investments like gold

Several reports are coming out of China that there is pressure on state-controlled organisations – notably the country’s main sovereign wealth fund, China Investment Corporation (CIC) to rapidly build investment in non-Chinese enterprises.

“We don’t want your tired, poor, huddled masses yearning to trash the planet” The Federal Reserve, 2009 – Robert Singer

(Robert Singer) – Having trouble understanding the events since the October 2008 financial crisis?
Any of this sound familiar:
* · Banks hoarding their TARP funds
* · Gas prices going up when they should be going down
* · Automobile dealerships closed without regard to profitability
* · Health Care reform: The Kevorkian is out of jail early

Audio: Guns And Butter – Dress Rehearsal For Debt Peonage

“Dress Rehearsal For Debt Peonage” with economist Dr. Michael Hudson on why the banks are returning the bailout money; bank fees and penalties; banks prefer default to foreclosure; debt as wealth; Obama’s Financial Regulatory Reform Proposal and its six major flaws; the deregulation-by centralization ploy; failure to reform the economy will lead to debt peonage.

Urgency of the American Monetary Act

On Thursday, April 23 2009, Stephen Zarlenga, director of the American Monetary Institute (AMI), delivered two briefings on Capitol Hill on the American Monetary Act that AMI drafted and that may be introduced as legislation during the current congressional session. This single measure has the potential of bringing together the tens of millions of people who have realized it’s our bank-run debt-based monetary system that lies at the center of the financial rot that is destroying our republic and its values.

The Worst is Ahead of Us

The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market.  While I wish I could agree with the President – I really do wish that – I cannot do so, and I must say, “Not so fast, Mr. Obama.”

No Wonder the Poker Game is Ending: The Wealthiest Have Taken All of the Chips

(WashingtonsBlog) – A new report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression.

Decline And Fall Of The American Empire

“The decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight.”
Edward Gibbon ­ The Decline and Fall of the Roman Empire

Healthcare System or Disease Industry?

“Make the lie big, make it simple, keep saying it, and eventually they will believe it” – Adolf Hitler
Billions of dollars are pumped into the U.S. “healthcare” system annually, and therein lies the problem. According to Transparency International’s influential Global Corruption Report 2006, medical care is one of the most corrupt industries in the world – precisely because such an enormous amount of public wealth is made available to those who profit from it.

A Constitution in FULL Crisis

America’s extreme left tricked American moderates into supporting their candidate last November by campaigning on post-partisan cooperation and transparency in government. Six months after the election of a freshman senator with a blank résumé, a laundry list of evil associates and a life more secret than your average CIA agent, Obama’s entire history remains a mystery and his administration is the most hardcore partisan dictatorship ever experienced in the USA.

Fed Chairman Bernanke signals more bank bailouts, calls for cuts in social programs

In two days of testimony before Congress, Federal Reserve Board Chairman Ben Bernanke defended the multi-trillion-dollar bailout of the banks while seeking to allay fears on financial markets of a potential eruption of inflation.

Economy In Turmoil Can’t Be Fixed With Farcical Regulation

The Friday night, June 27th FDIC Financial Follies were presented again at 9:00 pm EST. That is so the public will not hear about the failures. Five U.S. banks with total assets of about $1.04 billion were seized by regulators, pushing this year’s tally of failures to 45 as a recession drives up unemployment and home foreclosures.

Video: Buchanan – Climate Bill Is Transfer Of Wealth To World Government

During an appearance on MSNBC, political commentator Pat Buchanan correctly defined the “Climate Bill” for what it really is, not just a new tax on the American people, but a complete transfer of power and wealth to a global government that is using the manufactured fear of global warming to grease the skids for total domination.

RED ALERT: The Total Takeover Of America Enters Its Final Phase

The wholesale looting of America and the transfer of wealth and power over to a private banking elite who are setting up a world government, along with the complete obliteration of any remaining freedom to protest, resist, or even speak out against this agenda, is now entering its final phase as numerous different pieces of the jigsaw puzzle fall into place and portray a clear picture of tyranny.

MSM: Oil rush – Scramble for Iraq’s wealth

Critics said the war was all about the nation’s lucrative fuel industry. Are they now being proved right? Patrick Cockburn reports from Baghdad

The Plea of Mother Earth – Unite or Perish!

As our seas become laden with plastic trash and 75% of our fishing grounds are depleted ~ we must face the fact that we are rapidly depleting what Nature provides us and that our eco-system does not have borders. Our actions effect everything and we must unite and cooperate with each other and nature ~ or we will perish

Our Economy Is Going to Keep Tanking Until We Stop Shoveling Billions to Rich People

For the past eight months, we have been a nation focused on bailouts and bankruptcies. For the past ten years, we have been a nation ignoring massive wealth transfer and wealth concentration through a rigged Wall Street.

Peter Schiff’s advice on fighting inflationary depression

Amid an “inflationary depression” in the U.S., Peter Schiff, president and chief global strategist of Euro Pacific Capital, sees opportunities in the maelstrom. Facing a massive redistribution of wealth, he advises investors to act quickly and “divest U.S. dollar assets into physical precious metals, other currencies and equities outside the United States.”

Misery: Destruction Of Human Psyche

Destruction of the human psyche continues throughout his or her lifetime. When does an individual realize that they had led themselves into misery, is a question that never seems to be asked by an individual. The world we live in now is full of greed and power. Who controls that power?

Video: The Global Financial Crisis – Michel Chossudovsky

The Great Depression of the 21st Century with Michel Chossudovsky. Causes and consequences of the financial meltdown; The speculative onslaught; Financial fraud and the “bank bailouts”; Bankruptcy of the real economy; Impacts on employment, wages and social services; Towards a spiralling public debt; The economic crisis and its relationship to the Middle East war; The centralization of corporate power; The concentration of wealth; The globalization of poverty. What are the policy alternatives?

Chávez: Capitalists Have Manipulated the Message of Christ to Exploit the Poor

“The Kingdom of Heaven is not a kingdom or life in the clouds. Either it exists here or else it exists nowhere,” President Chávez issued a wake-up call during the last Sunday program of 2008. “It’s on earth, and that is why Christ came here and was born among the poor, in the manger.”

The head of state in Venezuela noted that the capitalist system throughout its history has distorted Jesus’s message to the poor about the Kingdom of Heaven, with the sole purpose of exploiting the impoverished majorities in favor of the minorities who enjoy the wealth of the world.

Get Your Dollars Out Now! FAST!!!

03/10/08 “Global Research” — – The events of the last two weeks have clearly revealed that the global financial, monetary and banking system imposed on the world by the power structures promoting “globalization” is fundamentally flawed, unviable and immoral in its effects upon the most all of Mankind. After allowing a small cabal of shady characters to illegitimately accumulate vast amounts of wealth and power over markets, corporations, industries, media, armed forces and entire nations, like the World Trade Center towers on 9/11, this entire System is now in free-fall, collapsing into itself in one massive implosion.