THE GLOBAL INSURRECTION AGAINST WESTERN OCCUPATION
He's got the gift of the gab, he has, this Max Keiser, like a poiuytr with an American accent, one might be tempted to say, But he'd beat us around the head if he ever heard that.
The only bothersome thing in all this: All God's good people together, those who engineered the downfall, those most virulent in condemnation now. No one else every gets a say in the matter.
Things that made one sputter with laughter:- Taliban shares to be traded on the stockmarket- Macdonald's is hiring in Guantanamo Bay. Also changing its logo from red to green because red is too "agressive"- Germany buying more gold. You don't say! Tungsten bars more like it- Housing bubble compensation - for house builders not homeowners- The de-dollarisation of the world- Fraud has become an ideology, not a crime- Wall Street = a crime scene. One needs a jailout not a bailout
Greece tests the limit of sovereign debt Greece is disturbingly close to a debt compound spiral. It is the first developed country on either side of the Atlantic to push unfunded welfare largesse to the limits of market tolerance. The interest spread between 10-year Greek bonds and German bunds has jumped to 178 basis points. Greek debt has decoupled from Italian debt. Athens can no longer hide behind others in EMU's soft South. The budget deficit will be more than 12pc of GDP this year, four times the original claim of the last lot. After campaigning on extra spending, it will have to do the exact opposite. More riots to come in Greece. "There is enormous denial," said one pundit. "They don't seem to understand that very serious austerity measures are needed. It is a striking contrast with Ireland." Greece's public debt will rise from 99pc of GDP in 2008 to 135pc by 2011, without drastic cuts. Athens has been shortening debt maturities to trim costs, storing up a roll-over crisis next year. Some €18bn comes due in the second quarter of 2010 (IMF). They can't devalue: they can't print money.The tourist trade is withering, down 20pc last season by revenue. Turkey was up. It is hard to pin down how much is a currency effect, but clearly Greece has priced itself out of the Club Med market. Wages rose a staggering 12pc in the 2008-2009 pay-round alone (IMF data), suicidal in a Teutonic currency union. Greece has slipped to 71st in the competitiveness index of the World Economic Forum, behind Egypt and Botswana. The current account deficit hit 14.5pc of GDP in 2008. External debt has reached 144p. Eurozone creditors – German banks? – hold €200bn of Greek debt. Greek banks have borrowed €40bn from the ECB at 1pc, playing the "yield curve" by purchasing state bonds. This EU subsidy has made up for losses on property, shipping, and Balkan woes. Recession has come late to Greece, but will bite deep in 2010. It takes three years for defaults to peak once the cycle turns. The danger for EMU laggards is that the ECB will begin to tighten before they are out of trouble. It is German recovery that threatens to stretch the North-South divide towards breaking point. Athens squandered its euro windfall. For a decade, EMU let Greece borrow at almost the same cost as Germany. It was a heaven-sent chance to whittle down debt. Instead, the country ran budget deficits near 5pc of GDP at the top of the boom. Idiot leaders mistook a bubble for their own skill. But the consequences in EMU are more dreadful. Austerity may prove self-defeating, without the cure of devaluation. Greece risks grinding deeper into slump.
13 Million Negative Equity Homeowners and Negative Equity FDIC: The Shackles of Debt Leverage on the American Economy. FDIC $8.2 Billion in the red with 552 Troubled Banks on the Revised List. (24.11.09)The third quarter was devastating for banks and homeowners. To show the growing divide between Wall Street and the American economy, the FDIC just released its third quarter banking profile. The FDIC fund is not only broke, it is now in the red to the sum of $8.2 billion. We’ve been warning that the fund was insolvent for over a year but now the FDIC has joined millions of homeowners in the negative equity category. The problem with the system is we have a fund that is now negative, backing up some $4.5 trillion in U.S. insured deposits. Who will be on the hook when more banks fail? Isn’t the economy supposedly recovering?
06:36 - Just the two so far to be trusted: Atzmon & Finkelstein.
When's the next NBN out? Hope it sheds some light on the Afghan war. 8 years gone and still no clarity in the matter. Karzai being sworn in (Ha!), Taliban being paid not to attack, troop increases - no troop increases, two more US soldier deaths reported, the opium scam and, and, and. Anyone understand any of this? I expect we'll be told it's the latest chapter in Stalingrad. But couldn't we have a more substantial explanation? All one can say with any degree of certainty is it's not going well for the west.
Greece is in 'good' company. Greek national debt will be 120 % of greek GDP at the end of 2009. US national debt will be 98 % of US GDP at the end of 2009. UK national debt will be 72 % of UK GDP at the end of 2009.
I wonder what any Russians watching Max Kreiser make of the whole thing. Probably think they're getting a taste of one of the most excruciatingly stupid US sitcoms.
Cuba Prepares Against U.S. Attack Nearly 50 years after a botched US-directed invasion of Cuba, the communist nation said it is holding a military exercise next week to boost preparedness against any future US attack. Sign of things to come?
Iran to study Bolivian lithium reserves Wed, 25 Nov 2009 (PressTV) Iran has signed a deal with Bolivia to help the Andean nation do research on exploiting lithium in Salar de Uyuni desert. Bolivian President Evo Morales and his visiting Iranian counterpart Mahmoud Ahmadinejad signed a number of agreements to deepen ties. After signing the agreements in La Paz, Iranian President Mahmoud Ahmadinejad said that the deals were part of his country's efforts to boost cooperation with Bolivia. Bolivia possesses the world's largest lithium reserves — a lightweight metal used in electric cars and other batteries. Iranian experts, Brazil's Ministry of Science and researchers from companies such as France's Eramet SA and Bollore SA will hold a joint study on the lithium reserves. Iran will also build blood dialysis centers in the cities of El Alto and Cochabamba with an estimated cost of $1 million. During his short visit to Bolivia, Ahmadinejad inaugurated a hospital and a milk processing plant financed by Iran.
Please to keep an eye on the Yemen madness now reaching new heights. Lock 'em all up.Houthi press release uploaded 14 hours ago 25.11.2009 The Saudi crawl on Yemeni lands continued on three axes. Two axes were broken at the beginning of the evening from two sides, and one continued to crawl into the night, and with God's help, was broken with heavy losses in lives and equipment to Saudis. After refraction of all axes, missile and air strikes started and continued until dawn, and included the shelling (Mount Dukhan, Mount Rumaih, and Mount Almdod, and Mount Madud, and the Directorate of Malahidh and Shada and the Alhsama area and the surrounding villages to the border). Also:Two tanks destroyed: h ttp://www.youtube.com/watch?v=5BdKg4A4aBU Huthis use captured heavy weapons against Saudis
Who's 'em, 17:04? If you mean the Arab puppet rulers, I ditto that. The Houthi are doing an excellent job at bringing about their downfall.
I went back and read the excellent piece on Yemen in the last NBN. To update, one would have to add the Jordanians have now joined forces with their Saudi friends. The beginning of the end of the houses of the Hashemite ruling family and the Sauds? Right pigs they were (sorry Muslims) throughout the last few decades.
Houthis will start the job and other repressed people will finish it. The extermination of crypto vermin disease infecting the lands of the Prophet is near. All those Saudi, Jordanian, Quattari greasball fat-lipped princes will shit their sandals at the moment of public execution to the cheering of the masses.
Most global banks are still unsafe, warns S&P25.11.09Standard & Poor's has given warning that nearly all of the world's big banks lack sufficient capital to cover trading and investment exposure, risking further downgrades over the next 18 months unless they move swiftly to beef up their defences. Every single bank in Japan, the US, Germany, Spain, and Italy included in S&P's list of 45 global lenders fails the 8pc safety level under the agency's risk-adjusted capital (RAC) ratio. Most fall woefully short. The most vulnerable are Mizuho Financial (2.0), Citigroup (2.1), UBS (2.2), Sumitomo Mitsui (3.5), Mitsubishi (4.9), Allied Irish (5.0), DZ Deutsche Zentral (5.3), Danske Bank (5.4), BBVA (5.4), Bank of Ireland (6.2), Bank of America (5.8), Deutsche Bank (6.1), Caja de Ahorros Barcelona (6.2), and UniCredit (6.3).
06:53 - What a fucking idiot that writer is and a business editor no less. How possibly is this sovereign debt? Greece would have to be the issueing party of the Euro for this to be sovereign debt and that certainly isn't the case. Obviously Trichet and his band of bloodsuckers has deprived Greece of a adaquate money supply causing this discrepancy and now the banksters are going to be looting and stealing everything that isn't nailed down in Greece. As for 15:03, not a good example, US debt is created by the Federal Reserve, UK debt is created by the Bank of London, Greece has no such national instrument. But it serves them right all the same. Greece got into the euro-zone ten years ago by falsifying their national statistics. They've been living beyond their means for quite a long time now. Time to go back to what they really are: a little, poor, insignificant, Balkan country. Eventually another dictatorship will be installed in Greece to control the protesters (like in the good old 1960s).
More Saudi pussies captured, killed - Jordanians join battle: Houthis Not Chicken Feed (II)http://www.iraq-war.ru/article/211334
Thanks, 18:54. Excellent article you indicated there. Certainly, Houthis are in no way chicken feed. But can they hold out against the combined Arab might represented by the corrupt Yemeni government and the equally corrupt Saudis and Jordanians? Let's hope so. And let's hope they get a lot of backing from real Muslim countries.
China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will take some time because of the logistics of transporting it and the Chinese wish to test it thoroughly. Both the Chinese government and MI6 now confirm reports that much of the gold sold by the Federal Reserve Board over the past decade is in fact gold plated tungsten. For its part, the renminbi is now convertible with South American currencies, the rouble, Middle-Eastern currencies, the yen, South East Asian currencies and African currencies. "We will slowly introduce our new financial system in parallel with the old one and hope that people steadily migrate towards it," the Chinese official says. Meanwhile, the latest G20 meeting ended in acrimony and chaos. The leadership of the West is in total disarray and will remain so until the Federal Reserve Board's bankruptcy becomes visible even to brainwashed section of the Western public. This is now expected by January or February. Both MI6 and a senior Chinese government source now predict the collapse of the Federal Reserve dollar by that time. We are also hearing various reports that many Pentagon and other US alphabet suit agency figures with both US and Israeli citizenship have recently fled to Israel. Things are coming to a head.
re: 19:33Oh, those "stealthy" Chinese. LOL. It seems that more paranoid Americans are fearful that their dirty Dollar empire and parasite nation is coming to the end. As the USA further implodes, I am sure that more delusions ravings and conspiratorial fantasies will be forthcoming from the diseased mind that is America.
In Welcoming Iranian President, Chávez Blasts Israel By SIMON ROMERO - November 25, 2009 CARACAS, Venezuela — President Hugo Chávez rolled out the welcome mat here on Wednesday for President Mahmoud Ahmadinejad of Iran, using the visit to strengthen Venezuela’s political alliance with Iran and to lash out at Israel, which Mr. Chávez described as “the murderous arm of the Yankee empire.” Ignoring criticism from his political opposition and from Venezuela’s small Jewish community over the visit, Mr. Chávez also called Mr. Ahmadinejad a “gladiator of anti-imperialist struggles.” It was the Iranian president’s fourth visit to Caracas and the last stop of a South American tour that included visits to Brazil and Bolivia. Mr. Chávez has stepped up his use of aggressive language in recent weeks, especially against neighboring Colombia, a major ally of Washington in the region, and now again against Israel, as economic problems here intensify. Mr. Chávez is also shifting attention away from domestic issues, including an increasing number of blackouts and water shortages. Studies here of Venezuela’s economic ventures with Iran, which began in 2004, reveal more than 300 cooperation agreements, but few projects of any substance. A planned oil refinery and plans to build factories to produce cement and munitions have not materialized. Plants that produce cars and bicycles are running well below capacity. “Chávez likes to create controversy every time he goes to Iran or Ahmadinejad comes here,” said Teodoro Petkoff, publisher of the opposition newspaper Tal Cual. “The Iran-Venezuela relationship is but a fantasy of lavish projects and, in effect, just noise.”
End GsmeThe US in full bankruptcy and its citizens (the largest consumers in the world) being unable to borrow further monies to buy fancy goods from China, Japan and the rest of the world, the demand for dollar has evaporated. The dollar status as a reserve currency and its usefulness is being questioned more vocally. The present fallout can be summarized in simple terms: Should a bankrupt (the US) be allowed to use money created out of thin air to pay for goods produced with the sweat and tears of hardworking citizens of exporting countries? Adding insult to injury, the same dollars are now purchasing a lot less than before. So what is the use of being paid in a currency that is losing rapidly its value? On the other hand, the US is telling the whole world, especially the Chinese that if they are not happy with the status quo, there is nothing to stop them from selling to the other countries and accepting their currencies. But if they want to sell to the mighty USA, they must accept US toilet paper reserve currency and its right to create monies out of thin air! This is the ultimate poker game and whosoever blinks first loses and will suffer irreparable financial consequences. But who has the winning hand? The US does not have the winning hand. Neither has China the winning hand. This state of affairs cannot continue for long, for whatever cards the US or China may be contemplating to throw at the table to gain strategic advantage, any short term gains will be pyrrhic, for it will not be able to address the underlying antagonistic contradictions. When the survival of the system is dependent on the availability of credit (i.e. accumulating more debts) it is only a matter of time before both the debtor and creditor come to the inevitable conclusion that the debt will never be paid. And unless the creditor is willing to write off the debt, resorting to drastic means to collect the outstanding debt is inevitable. It would be naïve to think that the US would quietly allow itself to be foreclosed! When we reach that stage, war will be inevitable. It will be the US-UK-Israel Axis against the rest of the world.
Dubai recovery hopes hit by debt 'standstill' call - Dubai, the credit-crunched Gulf playground, has shattered hopes of imminent financial recovery by asking for a six-month "standstill" on major parts of its debt.
"When we reach that stage, war will be inevitable. It will be the US-UK-Israel Axis against the rest of the world."What do you mean war WILL be inevitable? War is already going on. It's not future tense. It's present tense.That's why Ameriscum and its allies staged 9-11 in order to launch their War of Terror.
Excellent point, 06:15. These sentences are as shocking as when poiuytr maintains WWIII might well break out if Russia is not cautious enough. He has always refused to consider the ongoing killings in the Muslim countries WWIII. Just like Matthias Chang above, 06:00, author of the econ piece, war will only be war when the whites are involved. And, BTW, Russia is chockfull of those whites itself and the distinction between Saxon and Slav is really a very thin one in this day and age.
Bundesbank fears relapse as German banks face €90bn fresh losses (25.11.09)The Bundesbank has told German banks to take advantage of renewed confidence while they can to prepare for likely losses of €90bn (£81bn) over the next year, warning that the delayed shock waves of the economic crisis still pose a major threat to global recovery and bank finance.
Militants target NATO fuel truck in Pakistan Wed, 25 Nov 2009 A group of militants in North West Frontier Province (NWFP) have ambushed a truck carrying fuel to neighboring Afghanistan for NATO forces stationed there. The attack, which took place outside the northwestern city of Peshawar on Wednesday, left the truck driver and his assistant dead. The incident comes a day after a convoy of oil tankers was ambushed in the southwestern parts of the country. The Tuesday attack left one driver dead and four trucks completely destroyed. Trucks carrying supplies for foreign forces in Afghanistan frequently come under attack in Pakistan. (Press TV)Note terminology here: militants versus foreign forces. Only marginally better than what the west uses.
06:11 - I think we may have seen this all too recently....Dubai is and has always been a giant Ponzi Scheme. Every facet of their economy and the apparent veneer of wealth and success is a total lie. Abu Dhabi will soon grow tired of bailing her fellow Emirate out and then the house of cards will fall.
Dollar hits 15-month low; steepest drop since July - 23.11.09The safe-haven dollar slid to a 15-month low against the euro, was within striking distance of 14-year lows versus the yen and dipped below parity against the Swiss franc Wednesday as markets absorbed the Federal Reserve's indication that interest rates will remain at super-low levels for a while and it was not overly concerned by the U.S. currency's decline.I don't know why the writers of this article decided to characterize the current state of the US dollar as a "safe haven"; at this time in US history, it is absolutely not.
Bankruptcies Jump, Hitting Highest Level in Four Years - 25.11.09U.S. bankruptcy filings rose 33 percent in the third quarter to the highest number since 2005, government data show, as rising unemployment and tight credit made it more difficult for consumers and businesses to stay current on their debts.
New Study Shows Ten States Face Fiscal Crisis25.11.09California is worst off, but hardly alone. Others include Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin. The 10 worst off states are examined, but close behind are Colorado, Georgia, Kentucky, New York and Hawaii. Only two, Montana and North Dakota, are fiscally solvent and expect to meet their 2010 budgets, the latter because it alone has what the others don't - its own bank able to create credit for state businesses and residents at an affordable cost.
GDF Suez Loads 1st Liquid Natural Gas Cargo From YemenPARIS 26/11 2009 - French utility and natural gas operator GDF Suez (GSZ.FR) Thursday said it loaded its first liquefied natural gas cargo from the Yemen LNG liquefaction plant located at Balhaf on the eastern coast of Yemen. MAIN FACTS: - This delivery ensues from the agreement signed in 2005 between GDF Suez and Yemen LNG for the purchase, over a period of 20 years, of 2.55 million tons of LNG per year, which accounts for approximately 40% of the total liquefaction output of Yemen LNG.
In a report entitled “Worst-case debt scenario”, the Societe Generale asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Governments have already shot their fiscal bolts. Even without fresh spending, public debt would explode within two years to 105pc of GDP in the UK, 125pc in the US and the eurozone, and 270pc in Japan. Worldwide state debt would reach $45 trillion, up two-and-a-half times in a decade.Inflating debt away might be seen by some governments as a lesser of evils.If so, gold would go “up, and up, and up” as the only safe haven from fiat paper money. Private debt is also crippling. Even if the US savings rate stabilises at 7pc, and all of it is used to pay down debt, it will still take nine years for households to reduce debt/income ratios to the safe levels of the 1980s
China & US EconomiesWhile the peg certainly is responsible for much of the world’s problems, its abandonment would cause severe hardship in the United States. In fact, for the U.S., de-pegging would cause the economic equivalent of cardiac arrest. Our economy is currently on life support provided by an endless flow of debt financing from China. These purchases are the means by which China maintains the relative value of its currency against the dollar. As the dollar comes under even more downward pressure, China’s purchases must increase to keep the renminbi from rising. By maintaining the peg, China enables our politicians and citizens to continue spending more than they have and avoiding the hard choices necessary to restore our long-term economic health.As demand falls for both dollars and Treasuries, prices and interest rates in the United States will rise. Rising rates will restrict the flow of credit that is currently financing government and consumer spending. This change will finally force a long overdue decline in borrowing. So, not only will Americans lose access to the consumer credit that funds their current spending, but the things they buy will also get more expensive.Our short-term loss will be in sharp contrast to the gain felt by foreigners, who will be rewarded with falling consumer prices and a more abundant supply of investment capital. In other words, the American standard of living will fall while that of our trading partners will rise.
India could buy rest of IMF gold on offer An Indian financial newspaper report suggests that the country is considering buying the remainder of the IMF gold currently up for sale over and above the 200 tonnes it has already bought.Tungsten bars, most likely.
How on earth did the International Monetary Fund get 3,200 tones or 6,4oo lbs of gold. 16oz in a lbs and at about 1200 dollars an ounce. The dirty IMF needs to be dismantled.
China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about $100 million in New York's Manhattan area, marking the construction giant's third order in the United States' infrastructure space this year.The contract was given to China Construction American Co, a subsidiary, the Wall Street Journal quoted a source as saying."The new project, along with the $410-million Hamilton Bridge project and a $1.7-billion entertainment project it won earlier this year, signals China State Construction's ambition to tap the American construction market," said Li Zhirui, an industry analyst at First Capital Securities.Li, however, said the order came as no surprise as the US government is spending massively on infrastructure projects.Hmm! Killing two birds with one stone: servicing the debt and getting the country shipshape.
Hosni Mubarak had a conversation with King Abdullah bin Abd al-Aziz examining the war between the Yemeni forces and the Al-Houthi Movement in Saada. Mubarak emphasized Egypt’s support for Saudi Arabia in this war. Kuwait also officially announced that its soldiers are prepared to cooperate with the Saudi Arabian forces in the war against the Al-Houthi Movement. Shaykh Sabbah al-Ahmad, Kuwait’s Prime Minister, emphasized his country’s support of Saudi Arabia in the war against the Shia in Yemen in a letter addressed to King Abdullah bin Abd al-Aziz. This letter reached Saudi Arabia’s king through Shaykh Jabir al-Mubarak, Kuwait’s Defense Minister who recently visited Saudi Arabia. He also stated: “Any invasion of Saudi Arabia is the same as an invasion of Kuwait.” Implosion for these particular Arab states?
As Saudis forces attack Yemen: Holy shit! Look what happened to Jedda, 26 November 2009, The Deluge. Jedda drowning in a flood! Most thought-provoking.
HOT: Dubai Halts Payments on Dubai World Debt The government of Dubai is in major financial trouble.The government late Wednesday said it would restructure Dubai World and announced a six-month "standstill" on repayments of the state-run wide-ranging conglomerate's debt.Government-owned Dubai World is a conglomerate with interests in real estate, ports and the leisure industry. The firm carries around $60 billion in liabilities. Credit agencies Moody's Investors Service and Standard & Poor's downgraded the debt of a range of government-related firms, including DP World, after the restructuring announcement.The dollar amounts involved with Dubai are small, in the grand scheme of things, but this is a sovereign entity.As one would expect, markets are reacting negatively. Stock markets are down across the board. The dollar is climbing.Normally, an unimportant trading day, this year because of this news, the trading day after Thanksgiving is going to be something to watch.Real implosion, 17:10. Dubai also drowning in its flood of debts. Let's see where this one goes.
Well I don’t know. Maybe Dubai should just default. Someone’s got to bring down this house of cards sooner or later. I thought Dubai was one of those places that every one else owes money to. If that was the case, then someone else could tell them to go jump in a lake. The “economy” of this planet is a scam from top to bottom and sooner or later it’s all going to fall apart. I hope it goes while I’m still young enough to adapt.
Well I don’t know. Maybe Dubai should just default. Someone’s got to bring down this house of cards sooner or later. I thought Dubai was one of those places that every one else owes money to. If that was the case, then someone eles could tell them to go jump in a lake. The “economy” of this planet is a scam from top to bottom and sooner or later it’s all going to fall apart. I hope it goes while I’m still young enough to adapt.
Sorry, that came twice. The first time it held back and I thought I'd done something wrong. Not scamming. Human error, like the Dubaiens just seem to have made.
Who the hell keeps on posting on this site with handwringing self-pitying spam on American dirty dollar or economy?Poor wittle American Empire and its Dollar imperialist system is dying. Boo-hoo!The parasitic American standard of living is declining. Sob. The vampire nation known as the American people expect and demand that the rest of the world (whom the USA has economically raped for over 200 years) should GIVE A DAMN about America's fate.Unbelievabl.eThis is the arrogance of these pro-American cockcukers on this site.Get it through your head, Ameriscum: You and your country deserve all the misery and pain that you get.Don't spam this site with your pro-American drivel expecting sympathy or trying to hijack this site.Here is the only thing that you need to know about America:America: Host or Parasite?http://noliesradio.org/archives/814
Hey, the purity-of-the-site chap is back, what fun! As hilarious as the best-day-80 person we haven't heard from for some time, perhaps because poiuytr used such abuse on him, he had to slunk away. This site puts up a Max Keiser, pure US, video and then complains it's being US spammed. Mad bunch. Why on earth didn't you comment on the Dubai debacle, or the Houthi predicament or anything intelligent? Whatever, I did enjoy his correct use of "whom" above. At least someone who remembers that Anglo-Saxon once used to be declined.
This is a good one:Russia to add loonie to reserves: reportAs if the Canadian dollar has its own seperate life from the zioUS econmy or the rest of the ziowest, they are all in the same kettle and would not change the basics of smoke and mirrors of the rouble's value. The present basket of currencies ($ and euro) that the Russian central evaluates the rouble against tags the rouble to the destiny of those fiat currencies and their movements instead of separating the rouble from them and basing its evaluation on a compleletly different matrix. The question is why such policies this is not in the long term interest of Russia? http://www.cbc.ca/money/story/2009/11/25/russian-central-bank-to-buy-the-loonie.html Russia to add loonie to reserves: report Dollar rises more than a cent - 25.11.09 The Canadian dollar rallied by more than a cent against the U.S. currency Wednesday after a report that the Russian central bank is preparing to buy loonies to include in its official reserves. The Canadian dollar rose more than a cent against the U.S. currency Wednesday before falling back later in the day. (Canadian Press) There was no word on how much Canadian currency the Russian central bank intends to hold in its reserves, which are used to defend the ruble.The Russians have turned loony themselves.
Welcome to the Luladinejad axis President Luiz Inacio Lula da Silva from Brazil and President Mahmud Ahmadinejad from Iran. What is this - the new axis of evil? No -Luladinejad is a new axis of business. As Ahmadinejad was coming from a visit to the Brazilian parliament in Brasilia on Monday, Lula was waiting for him, virtually alone. The embrace by Lula was sudden, spontaneous, extremely warm; it's fair to assume Ahmadinejad was not expecting it. Those who saw it interpreted it as a graphic message. Ahmadinejad did mean business: he traveled with 200 Iranian businessmen. In the long run, Brazil wants to export to Iran not only meat, grains and sugar, but also trucks and buses. And Iran wants to invest heavily in the oil industry, petrochemicals, agriculture, minerals and real estate. Lula will visit Iran in March or April 2010, also with a business caravan. Lula and Ahmadinejad signed agreements on energy, trade and agricultural research in the latest round of what is becoming an increasingly warm embrace between Latin America and the Middle East. The meat of the matter was, of course, nuclear energy. US President Barack Obama admitted at the Group of 20 gathering in London this year that Lula "is the man" - and opinion polls back him up, with the Brazilian leader at present the world's most popular political leader, with an approval rating of 79%; Obama has just slipped below 50%. So what is "the man" saying? He's saying that Brazil supports Iran's access to "peaceful nuclear energy". When Lula talks, world leaders do listen; nor is he shy about running through a roll call of those he "advises" on how to behave with Iran. This is South-South dialogue in action, multipolar world style.
Back then before the turn of the century, the US crowed about bankrupting the Soviet Union by engaging them in an arms race the USSR couldn't afford. Just twenty years later, they're bankrupting themselves in an entirely bogus "War on Terrorism." And the band plays on. Three trillion is real money!But listen to the chap in the video above. Do he and his guests even mention the wars? Bunch of loonies, they, too.
You wanted a comment on Dubai's situation, here's one, cortesy of mainstream:Dubai's woes this week were a sharp reminder that there may be plenty more unexploded bombs hidden in the world economy. First, Dubai's authorities are not alone – a string of other states, including Greece, Ukraine and Ireland, face severe debt problems in the months and years ahead as they tackle the costs of the worst recession in a generation at the same time as clearing up the debris from a rampant credit boom.The International Monetary Fund has already stepped in to bail out several struggling states, including Iceland, Hungary and Pakistan, but Dubai World's announcement raised the fear of a new wave of victims emerging.Second, the economic slump is not over. While many major economies, including the US, Germany and Japan, have come out of recession, recovery has so far been aided by vast emergency infusions of taxpayers' cash. No one is sure what will happen when those life-support measures are removed next year and central banks begin to shut off low-cost lifelines to banks and raise interest rates.And third, if Dubai World does default, it will send fresh shockwaves through the world's financial system. International banks – including the UK's – have lent Dubai and its firms billions of dollars to fund its glittering glass towers and indoor ski slopes in the desert. The risk that many of those loans may now go sour has reawakened nagging concerns that even after government-backed rescue packages worth trillions of dollars, the worst may not be over for the bombed-out banks. Germany's Bundesbank warned earlier this week that its banks may face a further €90bn in writedowns on bad loans before the crisis is over
Dubai: I laugh about the situation as that is all I can do! I think it is about time for a massive sheik up (little pun there). Let's look out to the Middle East; If the wealthy stop going there and we find more ways to create energy and run our cars without oil, where will that leave them? In the worlds biggest playsand box with only their toys. There is nothing in the east apart from oil and sand. I don't know how many mirrors one can make from that sand but I feel I can do with the ones I have currently.What they need to stop doing is building a lifestyle in places like Dubai. All it will take is a massive sand storm from the Biblical days and you won't see your hotel from all the dunes! Isn't the desert eating up Saudi bit by bit anyway? I would worry on that, making sure that the country will still be there in the next 10 years! Let's see what 2010 will bring!
Highly controlled though they are, the markets still having a bad day? Something hopeful in that, after all.
10:08, somewhat an elementary analysis of what's what, but the spirit cannot be faulted.
The Climate ScamE-mails stolen from a British university have shown that climate scientists trumped up global-warming numbers. "I'm sticking with the 2,500 scientists. These people have been studying this issue for a very long time and agree this problem is real," said Ms. Browner, whom President Obama has tapped as his chief of policy on global warming. The e-mails were hacked from the Climate Research Unit at the University of East Anglia and have come to light over the past week. They appear to show scientists saying they've smoothed over data that doesn't back up their claims of warming, and pondering how to freeze out scientists who disagree with them. Release of the e-mails has energized skeptics ahead of next month's major global warming meeting in Copenhagen, which is supposed to set the framework for a new global treaty to restrict greenhouse gas emissions. The e-mails remain a point of debate, with skeptics pointing to several data sets that show the past few years have actually exhibited a cooling effect.
Houthi Conflict - Turkey had begun to raise its voice in condemnation of Saudi Arabia. Now, if Pakistan joins in, the Houthi defence system will be up and running.
One hoary analyst speaking said: "The biggest...takeaway from the Dubai story is that, despite the months of unprecedented monetary stimulus, debt remains a structural concern. "Investors need to remember that central banks have been forced to use the policy approach that arguably caused these problems in the first place: excessively loose money. That's a short-term fix rather than a long-term cure."
The west apparently believed the crisis was over, meltdown averted, and growth was back. But if Dubai's revival turns out to be fake, perhaps the rest is, too? Of course, it is, but the idiots still haven't taken it in.
Brit peers and EU bureaucrats to receive pay rise, in the case of the latter, even recession proof. So where do we go from here?
re :05:55 Boy, you sound like a Britzie or Anglo Saxon faggot. You sure as hell are as dumb as one of these pasty White bitches.I ain't talking about Max Keiser, Dubai, or Yemen. I'm talking about all these spam posts here and elsewhere whining that your beloved America and dollar are burning.Don't worry, you will get a deserved taste of economic pain yourself.Smug little Anglo-Saxon parasites deserve nothing but pain.
Sure America and the Dollar are burning. Everything on this site and elsewhere are the mounds of ashes from that burning. Where you go wrong is with that "beloved" bit. Perhaps your beloved A & D. On our part, there's nothing but utter contempt for both. Always has been. But, blogger man, think a bit. Be constructive, give us something apart from abuse and misunderstanding. Something that will bring the shining, west-less future a bit nearer. Thanks.
Bomb suspected in Russia train crash As many as 22 feared dead and 130 injured in express train derailment, according to reports. Comments, please, poiuytr.
Retired Russian admiral says Russia losing its navy - 27.11.09Russia's once-mighty navy faces further dramatic decline after 2015, when most Soviet-built ships will have to be mothballed, a retired admiral was quoted as saying Friday.The warning follows comments by Russian officials they were planning to buy a French amphibious assault warship able to carry at least a dozen helicopters or to land forces.Russia currently has no big ship with the power to anchor off coast and deploy troops onto land. With the likely decommissioning of other aging warships, distant deployments would be impossible, Retired Adm. Vyacheslav Popov said in remarks carried by RIA Novosti news agency.The Russian navy's capability is estimated to be five to six times less than Britain's or France's, and 20-30 times smaller than the U.S. Navy's.Popov and other retired military officers have described the Russian navy as being in a pitiful state — a sharp contrast to the Kremlin's attempts to flex military muscle abroad.
Ukraine Black Deaths (= Tuberculosis)a Result of IMF Loans?The conditions demanded by the IMF in Ukraine since November 2008 are precisely the same as those in earlier Eastern European and former Soviet Union countries in the early 1990s measured by Cambridge researchers who established a link between a rise in Tuberculosis and IMF "conditionalities" applied to loan-receiving countries. On November 17 this year, the IMF in Washington decided to withhold the next $3.4 billion tranche of its Ukraine loan claiming that the Government and Parliament failed to sufficiently cut social spending! The governments of France and the UK told a meeting earlier this month of EU foreign ministers inBrussels that they demanded “strict conditionality” before approving the release of the next portion of IMF money to Ukraine. Cynically, French Secretary of State for European Affairs, Pierre Lellouche stated, “There’s real disappointment among many of Ukraine’s friends over the inability to enact reforms.” Lellouche made clear what he meant: Ukraine will have to slash public spending and “undertake serious steps to pay back its debt and demonstrate that it is a reliable partner for investors.” The problem is many of those “investors” come to plunder and leave. IMF demands have become politicized in the heated Ukranian election battle for early 2010. Prime Minister Julia Tymoshenko has agreed to IMF demands for cuts in public wages and pensions. Her rival President Viktor Yushchenko has rescinded the cuts, putting the IMF loan on hold. Ukraine’s biggest strategic companies are saddled with crippling debts, including the state gas company which has struggled to meet Russian gas payments, only just managing a $500million payment this month. The global economic crisis has caused the country’s budget deficit to balloon, its inefficient Soviet-era factories to stagger, and international rating agencies have rushed to downgrade their view of economic prospects. The national currency, the hryvnia, has plunged by 60 per cent in a year, foreign direct investment has slowed to a trickle, and bad bank loans have multiplied. Under the latest IMF loan Ukraine has been forced to slash spending on public health, close hospitals and fire doctors and health professionals. At the same time pensions have been cut or even suspended for lack of funds. At the same time the IMF has demanded hefty tax hikes to balance the budget, something not even OECD economies are doing and something which only insures more impoverishment and unemployment. The tax hikes “will help to address the fiscal situation. It is now important that measures are taken to prevent the projected deficit of the pension fund,” Ceyla Pazarbasioglu, the IMF mission chief to Ukraine has said in a statement reported by the Wall Street Journal. GDP has fallen in Ukraine by 25-30% in the first two months of 2009 year on year. The IMF has demanded Ukraine “balance” its pension funds, i.e. slash benefits to retired citizens, something few Western countries dare to do. Unemployment has doubled since September 2008 to 1 million people jobless. There are protests at the situation. Foreign banks control some 20% ofUkraine’s banking. If people wish to find the true “swine” source of rising TB deaths in Ukraine, they perhaps should look to the effects of the IMF loans on the health standards of the population and not to an unproven hypothetical so-called Swine Flu H1N1 virus.
Keiser Report on RT - Dubai Debt Crisis - Tsunami Alert (28.11.09)To sum up, Keiser says it marks the beginning of phase 2 of the global crdit crisis. It will affect everyone, starting with places like Greece (markets down 7%) and Eastern Europe. UK property prices are going belly up. Now through the nationalised Royal Bank of Scotlynd, the British taxpayer can add some Mideast defunct real estate deals to their portfolio. Yet to come: Banruptcy of a big UK bank in the near future and the generalisation of the currency wars.
MOSCOW, November 28 (RIA Novosti) - The Nevsky Express train bound for St. Petersburg that got derailed Friday evening killing at least 25 people was blown up, a law enforcement source said Saturday. "Preliminarily, an explosion occurred under the ninth car," the source said, adding that the death toll could rise as new bodies were being taken out of the deformed railroad cars. According to the latest data, 87 people were injured in the accident on the Alyoshinka-Uglovka section near the town of Bologoye on the border between the Tver and Novgorod regions, and 32 are unaccounted-for. Three cars of 14-car train No. 166 that left Moscow at 19:30 Moscow time 16:30 GMT went off the tracks two hours later, with two cars flipping over, according to eyewitness reports. Passengers of the train that reportedly carried 661 passengers and 21 railroad employees said they heard a clap and some of them also saw a crater under the train. "There was a clap. The last two cars almost fell apart. I've seen such things only in movies," passenger Alexander said.
Terrorist bomb blast is blamed for causing Russian train crash that killed 26Russia's FSB intelligence service said a homemade terrorist bomb caused a packed Moscow-St Petersburg train travelling at 125 mph to derail, killing at least 26 people. The statement ended speculation that the crash, which also injured nearly 100, may have been a tragic accident. It also raised the spectre of a fresh terror campaign in Russia's major towns and cities after five years of relative calm. Alexander Bortnikov, the FSB chief, told Russian President Dmitry Medvedev that a bomb equivalent to 15 lb of TNT had been planted beneath the busy route. But he did not say who may have been responsible or why anyone would have wanted to carry out such an attack.
Chavez: Venezuela is Palestine and Palestine is VenezuelaNov. 28, 09 (Hamsayeh.Net) - Popular Venezuelan President Hugo Chavez announced on Friday his country would open an embassy in Palestine and upgrade ties to ambassadorial level to help support Palestinians and their struggle against Israel. Reuters reported. The announcement came after a meeting with soon-to-be-gone Palestinian Prez Mahmoud Abbas.
Even Kazakhstan's Bank Turalem has swallowed up huge loans from Western banks which can no longer either be traced or repaid. Add that to the Dubai crisis and phase two of Max Keiser's global credit crisis seems to have been given a good start. Also, we shouldn't like to be taxed with impatience, but isn't it about time poiuytr put in an appearance as well to update the site?
Climate change: this is the worst scientific scandal of our generation - Christopher BookerNovember 29, 2009Our hopelessly compromised scientific establishment cannot be allowed to get away with the Climategate whitewash, says Christopher Booker A week after my colleague James Delingpole, on his Telegraph blog, coined the term "Climategate" to describe the scandal revealed by the leaked emails from the University of East Anglia's Climatic Research Unit, Google was showing that the word now appears across the internet more than nine million times. But in all these acres of electronic coverage, one hugely relevant point about these thousands of documents has largely been missed.The reason why even the Guardian's George Monbiot has expressed total shock and dismay at the picture revealed by the documents is that their authors are not just any old bunch of academics. Their importance cannot be overestimated, What we are looking at here is the small group of scientists who have for years been more influential in driving the worldwide alarm over global warming than any others, not least through the role they play at the heart of the UN's Intergovernmental Panel on Climate Change (IPCC).
PALESTINE TODAY ~~ ANNIVERSARY OF THE PARTITIONThe Saddest Story Ever Told The UN General assembly voted 29 November 1947 to recommend partition of Palestine to give the Zionist movement control over 55% of Palestine and leave the Palestinians with 45% of Palestine. The Palestinian natives were then more than 2/3rd of the population and owned 93% of the land. Jews constituted a third of the population (most of them illegal new immigrants) who had land ownership of less than 7%. In the planned “Jewish state”, there would be almost an equal number of Christian and Muslim Palestinians as Jews. The Zionist movement accepted the idea of a Jewish state but rejected the other parts of the proposal: borders designated, Internationalization of Jerusalem, economic union, and no ethnic cleansing.Though, of course, there is the decimation of the Red Indians by the Whites.
Thousands of e-mails spanning decades that document that Anglo-American climate changes (cough) scientists have been cooking the books on so-called man-made climate change?It's a scandal/lie rivalling Weapons of Mass Destruction; the War on Terrorism; Barack "Hope and Change" Obama; or that minor little (false-flag) terrorist act of September 11th.Chalk this up as one more outrage in the unending list of Western deceptions:More on the Climate Change Big Lie:http://www.infowars.com/climategate-for-dummies/
Quite, 22:28, the BIg Lie. Link it to the genociding population cull policies in place and you have the ziowest NWO in all its glory.
Conservative 'wins Honduran poll' Ousted president Zelaya insists voter turnout was low and calls vote illegitimate. Meanwhile, an ex-rebel wins the Uruguay vote for president. And Chavez says he might be nationalising the banks. What to make of all this? Where's poiuytr to provide elements of clarity?
Zimbabwe: A Fresh StartIn February 2009 Zimbabwe was the only country in the world without debt. Nobody owed anyone anything. Following the abandonment of the Zimbabwe Dollar as the local currency all local debt was wiped out and the country started with a clean slate.It is now a country without a functioning Central Bank and without a local currency that can be produced at will at the behest of politicians. Since February 2009 there has been no lender of last resort in Zimbabwe, causing banks to be ultra cautious in their lending policies. The US Dollar is the de facto currency in use although the Euro, GB Pound and South African Rand are accepted in local transactions.Price controls and foreign exchange regulations have been abandoned. Zimbabwe literally joined the real world at the stroke of a pen. Money now flows in and out of the country without restriction. Super market shelves, bare in January, are now bursting with products. Zimbabwe has miraculously overcome hyperinflation.
30 November 2009 - French Army to be Used in Swine Flu Vaccination Centres'The French army’s medical corps is to help carry out vaccinations in the country’s 1080 vaccine centers, according to an announcement by the French Ministry of Interior today, Saturday. The army is being called in along with doctors and other health care personnel to operate the controversial centers and administer the untested swine flu jab in spite of -- or because of?-- evidence of a low voluntary up take of the jab among the population.According to French government figures only about 300,000 people have taken the jab so far in spite of extreme pressure from the health ministry and daily media hype about the alleged dangers of the swine flu.'
India's economy grows 7.9%30.11.09 India reported its best growth figures for more than a year today as government stimulus measures and record low interest rates boosted Asia's third largest economy.
Econ News - 1,12,98 - So much for recoveryFears of UK debt crisis Morgan Stanley says Britain risks a full-blown sovereign debt crisis Dubai distances itself from companies Creditors warned that Dubai's government had no obligation to bail them out in debt crisis. Angela Merkel alarmed by worsening credit crisis Germany is rushing through a series of measures to stop a new crisis.
How fat is America?America is so fat that one college now has a requirement that you if you overweight, you don't graduate.Keep on stuffing your faces with Freedom Fries, Ameriscum. College's too-fat-to-graduate rule under firehttp://www.cnn.com/2009/HEALTH/11/30/lincoln.fitness.overweight/index.html
Search Engines Censoring ClimateGate? http://www.prisonplanet.com/search-engines-censoring-climategate.html
War, any war, is a crime against humanity, and all those reponsible for it, supportive of it, or even indifferent to it, must be regarded as war criminals.
08:44 - The US clowns are so pathetic, even their worst excesses fail to make us smile. Pathetic killer clowns, all of them.
Anon 26/11/09 22:01Thanks for the link on Michael Hudson, Dr Hudson is brilliant, here’s another link a more recent interview with Guns & Butter. August 2009.http://www.kpfa.org/archive/id/53994Great links everyone, keep posting its much appreciated.