Corruption Information 1141
The politics of greed is what keeps this world wrapped in corruption. If you want to stick around for a while longer, I suggest you educate yourself and try to do something constructive to help save what little good, honesty, and trust we have left.
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http://www.bls.gov/news.release/empsit.nr0.htm
THE EMPLOYMENT SITUATION: MARCH 2008
The unemployment rate rose from 4.8 to 5.1 percent in March, and nonfarm payroll employment continued to trend down (-80,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the past 3 months, payroll employment has declined by 232,000. In March, employment continued to fall in construction, manufacturing, and employment services, while health care, food services, and mining added jobs. Average hourly earnings rose by 5 cents, or 0.3 percent, over the month.
Unemployment (Household Survey Data)
The number of unemployed persons increased by 434,000 to 7.8 million in March, and the unemployment rate rose by 0.3 percentage point to 5.1 per- cent. Since March 2007, the number of unemployed persons has increased by 1.1 million, and the unemployment rate has risen by 0.7 percentage point. (See table A-1.)
Over the month, unemployment rates rose for adult men (to 4.6 percent), adult women (4.6 percent), and Hispanics (6.9 percent). The jobless rates edged up for blacks (to 9.0 percent) and whites (4.5 percent), while the rate for teenagers (15.8 percent) was essentially unchanged. The unemploy- ment rate for Asians was 3.6 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
In March, the number of persons unemployed because they lost jobs increased by 300,000 to 4.2 million. Over the past 12 months, the number of unemployed job losers has increased by 914,000. (See table A-8.)
Total Employment and the Labor Force (Household Survey Data)
The civilian labor force rose to 153.8 million over the month, offsetting a decline in the prior month. The labor force participation rate was 66.0 percent in March and has remained at or near that level since last spring. Total employ- ment held at 146.0 million. The employment-population ratio was little changed over the month at 62.6 percent. The ratio was down from its most recent peak of 63.4 percent in December 2006. (See table A-1.)
The number of persons who worked part time for economic reasons, at 4.9 million in March, was little changed over the month, but has risen by 629,000 over the past 12 months. This category includes persons who indicated that they were working part time because their hours had been cut back or because they were unable to find full-time jobs. (See table A-5.)
Persons Not in the Labor Force (Household Survey Data)
About 1.4 million persons (not seasonally adjusted) were marginally attached to the labor force in March. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months. They were not counted as un- employed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 401,000 discouraged workers in March, about the same as a year earlier. Discouraged workers are defined as persons not currently looking for work specifically because they believed no jobs were available for them. The other 951,000 persons classified as marginally attached to the labor force in March cited reasons such as school attendance or family responsibilities. (See table A-13.)
Go to 13100
http://www.rense.com/general81/zc.htm
Zionism A Lethal Virus
In Western Politics
Political Poison
By Eric Walberg
Al-Ahram Weekly
4-5-8
This year's sixth international Cairo Conference against imperialism and Zionism continued the same themes as last year: dialogue between the left and Muslims, the struggle against Islamophobia, press censorship, torture and dictatorship, and the chance for Western peace groups to network on Middle East issues. The most inspiring project was the growing campaign to boycott Israel in the West and plans to coordinate this on an international level with the long- standing Arab and Muslim boycott campaign.
Otherwise, there was little to gladden activists, for the wars in Iraq and Afghanistan continue apace, not to mention the increased brutality of Israel against the Palestinian people. There are changes going on in Western countries, with increased activism of students and trade unionists. But the political scene is dismal, despite the overwhelming unpopularity of US-NATO/Israeli wars, as governments continue to bow to Zionist pressures -- both internal and external.
A case in point is Canada, which was unofficially represented at the conference by 14 members of the Canadian Peace Alliance (CPA) and others from student organisations. Delegates to last year's conference were attacked in the right-wing National Post and Ottawa Citizen for consorting with "terrorists" and "shouldn't be surprised if they come under scrutiny of the Canadian security services", simply for their willingness to dialogue with Muslims fighting the various wars now being inflicted on them. But they were not intimidated and returned full of energy. The conference gave them the opportunity to continue to share their experiences and make valuable contacts in the anti-war struggle. Al-Ahram Weekly spoke with several delegates about what is happening in the land of the maple leaf.
The Canadian political scene has been transformed in the past year, and not for the better. The 2,500 Canadian troops in the dangerous southern Kandahar region of Afghanistan had their mission extended to 2011 on 13 March in what was billed as a fateful parliamentary vote, as the pro-war Conservatives have only a minority government and the war is deeply unpopular among Canadians. In a recent poll, only 15 per cent favoured extending the troop presence to 2011, with 60 per cent in favour of bringing the troops home now. In fact, the vote was a walk-over, with the Liberals voting alongside the minority Conservative government, with only the small social democratic New Democratic Party (NDP) and the Bloc Quebecois voting against.
How was this possible? The Liberal Party leader, Stephane Dion, should be a natural opponent of the war. In fact, as Liberal critic for foreign affairs in 2006, he voted against extending Canada's original commitment of troops, which was to end in 2005. Quebec politicians -- mainly Liberal -- opposed WWI and WWII, and the federal governments of the time dared not introduce conscription, fearing the collapse of the Canadian confederation.
Yet Dion was manipulated into supporting the Conservative Prime Minister Stephen Harper and forcing his own Liberals to vote against what is clearly a violation of Canada's sacred role as peacemaker in international affairs. Despite strict pressure by party whip Karen Redman, 20 Liberals didn't show up and one -- Newfoundland MP Bill Matthews -- dared vote against. Redman issued a statement saying she "would make whatever decisions need to be made" to punish the truants and the lone rebel. Meanwhile, in a less than subtle propaganda ploy to counter French-Canadian distaste for "fighting other people's wars", the media is always highlighting Quebecois troops bravely fighting the "detestable scumbags and cowards", as Canadian Chief of Defence Staff General Rick Hillier famously called the Taliban.
A partial answer to Dion's political about-face was revealed at a bi-election meeting two days after the parliamentary vote, on 15 March in Toronto. Bob Rae, an ex-NDP leader and born- again Liberal, was running in a safe Liberal constituency. When CPA members heard about the meeting, 10 snuck in the back door, raised their anti-war banner and demanded to hear why, in a democracy, the overwhelming opinion of the electorate was being ignored by the leading candidate. Dion, who was present, was paralysed, while Rae smoothly offered the protesters their 30 seconds but proceeded to ignore their question. When establishment journalists took up the theme, he neatly sidestepped the issue and escaped unscathed. Interestingly, Rae, a committed Zionist -- his wife is vice-president of the main pro-Israeli lobby, the Canadian Jewish Congress (CJC) -- came second to Dion during the last leadership convention, and is clearly being preened as the heir apparent when the Liberals collapse in the next election.
An earlier bi-election last year in another supposedly safe Liberal riding in Quebec backfired even more spectacularly for the Liberal leader. Outremont has been Liberal for 68 of the 73 years it has existed, and the NDP traditionally fares abysmally in Quebec. Yet they won 48 per cent of the vote there in an election that NDP leader Jack Layton called a "referendum on Afghanistan". Layton is called "Taliban Jack" by pro-war critics, just one step away from being put on a terrorist watch list like last year's Cairo Conference delegates presumably have been. His is virtually the only clear anti-war voice on the national scene, despite the solid anti-war sentiment in Canada, which stubbornly refuses to bow to the pro-war media.
The Afghan debacle has already cost over 80 Canadian soldiers' lives (vs Britain's 91), and the Canadian taxpayers well over $5 billion (official figures are $3 billion by 2009), as the government hurries to slash social spending. An intelligent and brave politician should be able to take this issue and run with it. But just as Democratic presidential contender Obama Barack's anti-war position is now being deriding by US media as his "weak point", no Canadian politician is allowed to do what should come naturally in any democracy worthy of the name.
All this is in fact an eerie replay of John Mearsheimer and Stephen Walt's argument about the Israeli lobby in the US, whose "core" is "American Jews who make a significant effort in their daily lives to bend US policy so that it furthers Israel's interests." Its Canadian counterpart, led by the CJC and Bnai Brith, through extensive media control and privileged access to the highest levels of government, has poisoned the Canadian political scene, paralysing the anti-war majority and choking all debate, pushing the Liberals into the Conservatives' arms on the one issue that could win them the next election. Canada's continued agony in Afghanistan is vital to the Israeli lobby; after all, a rejection of the Canadian role in the genocide in Afghanistan is a step down the slippery slope of a rejection of blind support for Israel's genocide in Palestine.
Instead, the Liberals are now very likely to lose -- probably resoundingly, with their indecisive leader flip-flopping on the one issue that could secure him victory. Just as McCain is now the favourite of the US pro-Israeli lobby and US anti- war sentiment is stifled and ignored, Harper has earned their Canadian counterpart's favour and anti-war proponents are silenced, allowing the Conservatives to snatch victory from the jaws of defeat in the next election, with the media cheering him on and a disillusioned electorate splitting the vote among lesser parties or merely staying home.
This poison has unfortunately infected the NDP as well as shown by its caving in to the Zionist lobby on its campaign to boycott Durban 2, the UN Conference against Racism to be held next year in South Africa. The upcoming conference was loudly denounced by both Harper and Dion for daring to criticise Zionism as a form of racism, and NDP foreign affairs critic Paul Dewar, apparently without clearance from Layton, joined the chorus. When CPA activists protested to Layton personally, he claimed ignorance and to his credit had all references to this criticism of the UN conference removed from NDP websites. However, he did not actually support the conference and certainly would never dare criticise Israel or Zionism in any significant way. On the contrary, several NDP MPs are outspoken supporters of Israel. None openly support Palestine. So the rot goes deep into all parties on the Canadian political scene.
An interesting footnote to poor Canada's plight is how it is being used as a Trojan Horse to encourage more NATO troops to actively fight the Taliban alongside Canadian troops. CAP activist Sid Lacombe told the Weekly his Dutch and German colleagues explain that their foreign/defence ministers would never try to convince unsympathetic electorates that the US needs help. Instead, they talk about how "Canada helped liberate us from the Nazis," arguing "we Europeans owe them one."
The sorry state of Canada's political scene is replicated in Britain, according to peace activist Ian Taylor, who told the Weekly the one hope to fight their Israeli lobby, George Galloway's newly minted Respect Party, is collapsing under the weight of too many expectations and media loathing. Labour was long ago co-opted by the Zionists (the latest bribery political scandal involves Labour Friends of Israel). A trip through Western "democracies" surely would turn up similar sad cases of political near death from poisoning. Where is the antidote?
Eric Walberg writes for Al-Ahram Weekly. You can reach him at www.geocities.com/walberg2002/
=http://weekly.ahram.org.eg/2008/891/in3.htm
Go to 13099
http://www.rense.com/general81/brez.htm
Russophobe Brzezinski Nailed -
Wants To Split Russia
Real Live Red-Baiters
Kommersant (Moscow)
By Mikhail Zygar, Nargiz Asadova
(Excerpts)
4-4-8
Criticism Should Not Be Excessive
"We have 15 minutes. How may questions do you have?" Zbigniew Brzezinski begins the conversation abruptly. His assistant warned us that the 80-year-old former national security advisor in the Jimmy Carter administration had his working day planned to the last minute.
"Dr. Brzezinski, you are so well known in Russia that we have a great number of questions for you."
"All the same, how many questions do you have?" he asks relentlessly.
"Well, let's say a dozen."
"Excellent. We'll make it. I don't like long answers," Brzezinski answers, popping a hard candy into his mouth. " I caught a cold on one of my trips and lozenges help me control the coughing fits."
Brzezinski, in spite of his age, continues to travel extensively. He is a counselor and trustee of the influential Center for Strategic and International Studies and he lectures at Johns Hopkins University. In addition, he sometimes accompanies presidential candidate Barack Obama in his travels around the country.
Brzezinski has supported Obama since last summer. He stated that the senator from Illinois was the only candidate who stood for a radical change in U.S. foreign policy, the military campaign in Iraq first and foremost.
The Illinois senator and the author of The Grand Chessboard first appeared together in September 2007 in Iowa. Brzezinski introduced Obama to the audience, and then Obama spoke about his foreign policy program. His main position is the complete withdrawal of American forces from Iraq by the end of 2009. His main long-range policy is a rejection of military force in favor of "soft power," the economic and cultural influence of the U.S. on the rest of the world.
Although Brzezinski is considered in Russia practically the main Russophobe among the American political elite, in the U.S., he is not considered a specialist on Russia. Rather, his area of expertise is U.S. geopolitical strategy. As national security advisor to Jimmy Carter, Brzezinski was simultaneously busy normalizing relations with China and preparing the Camp David Accords between Egypt and Israel and the agreement under which the U.S. relinquished control of the Panama Canal.
Be that as it may, the last article Brzezinski wrote was called "Putin and Beyond," published in The Washington Quarterly.
"The West's strategy should not be built upon making things pleasant or convenient for Russia. Making Russia a partner at any cost is not what the West needs today," he states, summing up his article.
Brzezinski said he does not believe that there will be liberalization soon in Russia under President Dmitry Medvedev. He compares that power structure in Russia as it has taken shape since the March 2 election with that of Fascist Italy.
"The head of state was nominally the king, but Mussolini set policy. Putin is also considered the national leader. He chose Medvedev himself. The logical conclusion is that Putin will be on top in the near future, and Medvedev will do what he tells him to do."
Brzezinski considers criticizing Russia completely useless, however.
"I think that, if the future president of the United States makes any critical remarks, the criticism should be moderate. It should not be excessive, it should not be rhetorical.
Brzezinski is an opponent of the missile defense system in Europe. "A Democratic government will be much more skeptical of the creation of any elements of a missile defense system. I think they will reconsider that position or look at it more carefully," he said. Brzezinski, like all Democrats, is opposed to a military solution to the Iran crisis, and so protection from Iranian ballistic missiles for Europe seems counterproductive.
Hearing that he is called a Russophobe in Russia and thought to be the developer of a plan to divide the country into parts, Brzezinski's eyes flash with annoyance. "Show me the place in any of my books where I wrote about that," he snaps.
Brzezinski calls himself an optimist in Russian-American relations and says the younger generation of Russian and Americans will find much in common as soon as "the dinosaurs of the Cold War" die out.
The chief specialist on Russian-American relations in the Brzezinski family, and also on the Obama staff, is Brzezisnki's oldest son Mark. In 1999 and 2000, Mark Brzezinski was director for Russia and Eurasia of the national security council under president Bill Clinton. "It's possible that Putinism may be the last gasp of the old regime, and it may well be the case that within the next decade, the Putin-Medvedev government might be replaced by a new generation of Russians, many of them who are trained in the westwho are not products of the KGB and more open to the West." Mark Brzezinski said recently. He will most likely occupy a high-profile post in the administration, if Obama is elected president.
Engaged in our conversation, Brzezinski completely forgets about our 15-minute time limit.
"Don't you think the younger generation of Russians has a much warmer attitude toward America?" he asked toward the end of the conversation.
"No, it seems to us that the young have an even worse attitude toward America than those over 30."
"That can't be. I hope you are wrong. Write me, please, later and tell me what the reaction to this interview is, okay?"
[...]
Vladimir Putin, President of Russia: "You talk about public opinion. Public opinion in Russia is in favor of increasing our security. Where did you get a public opinion that we should fully disarm and then, according to some theoreticians, such as Brzezinski, divide our territory into three or four states? If there is such a public opinion, I would disagree with it." (June 4, 2007, in an interview with foreign journalists).
See also:
"...Zbigniew Brze-zinski, who is trying to conceal his involvement with Barack Obama's team."
Go to 13098
http://mnweekly.rian.ru/world/20080403/55321171.html
Go to 13097
http://www.wakeupfromyourslumber.com/node/2753
IRAQ OIL TO BE SHIPPED TO ISRAEL
U.S. checking possibility of pumping oil from northern Iraq to Haifa, via Jordan By Amiram Cohen
The United States has asked Israel to check the possibility of pumping oil from Iraq to the oil refineries in Haifa. The request came in a telegram last week from a senior Pentagon official to a top Foreign Ministry official in Jerusalem.
The Prime Minister's Office, which views the pipeline to Haifa as a "bonus" the U.S. could give to Israel in return for its unequivocal support for the American-led campaign in Iraq, had asked the Americans for the official telegram.
The new pipeline would take oil from the Kirkuk area, where some 40 percent of Iraqi oil is produced, and transport it via Mosul, and then across Jordan to Israel. The U.S. telegram included a request for a cost estimate for repairing the Mosul-Haifa pipeline that was in use prior to 1948. During the War of Independence, the Iraqis stopped the flow of oil to Haifa and the pipeline fell into disrepair over the years.
The National Infrastructure Ministry has recently conducted research indicating that construction of a 42-inch diameter pipeline between Kirkuk and Haifa would cost about $400,000 per kilometer. The old Mosul-Haifa pipeline was only 8 inches in diameter.
National Infrastructure Minister Yosef Paritzky said yesterday that the port of Haifa is an attractive destination for Iraqi oil and that he plans to discuss this matter with the U.S. secretary of energy during his planned visit to Washington next month. Paritzky added that the plan depends on Jordan's consent and that Jordan would receive a transit fee for allowing the oil to piped through its territory. The minister noted, however, that "due to pan-Arab concerns, it will be hard for the Jordanians to agree to the flow of Iraqi oil via Jordan and Israel."
Sources in Jerusalem confirmed yesterday that the Americans are looking into the possibility of laying a new pipeline via Jordan and Israel. (There is also a pipeline running via Syria that has not been used in some three decades.
=http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=332835&contrassID=...
So this is one of the main reasons American troops are dying in action. Action directed against Iraqi civilians. Actions that have killed close to ONE MILLION Iraqi civilians to date and laid waste to that nation.
All of this death and destruction so Iraqi oil could be shipped to Israel. My, that must be a comforting thought to all of those parents still grieving the loss of their son or daughter, killed in action. Killed fighting not for Democracy, but for Israel.
As soon as the "Theft of Iraqi Oil Law" is passed by their Parliament, the oil will begin to flow to Haifa and into the demented Likudnik regime's pockets.
And that law will be passed. Even if it takes an American engineered coup that tosses Maliki out of office in favor of a Saddam Hussein style strongman to knock together a few heads to pass the "Theft of Iraqi Oil Law."
Looks like we've come full circle. Now, it's time to bring "Democracy", American style, to Iran and "liberate" their oilfields.
Go to 13096
http://www.wakeupfromyourslumber.com/node/6306
The Beast is hungry. The Beast must be fed. The Beast is.... Israel
When it comes to this blood feast, the Beast isn't picky. It can be the blood of Palestinians or Syrians or Iraqi's or the Lebanese, as long as the blood is at body temperature, with the recently deceased human sacrifice to the Beast cured with artillery shells, US made smart bombs or tank shells screaming into the victim's homes. As long as the Beast gets fed, the Beast is happy. The Beast is hungry.. The Beast must be fed... The Beast is.... Israel What else is one to make of all of the rumblings coming out of Israel these days, with their talk of actions against their northern border, which would be Syria and Lebanon, unless the world's "most moral" army has managed to bomb, smash and murder their way to the border of Turkey? And their constant barrage of threats against Iran? And their ongoing blockade of Gaza, which the Beast has managed to turn into the world's largest outdoor prison, systematically and slowly, killing off that brave people, since the Beast desires more land, more water and more, more, more... of everything. What is it in the Israeli psyche that makes their leaders, if not the whole damned country, to come off as a bunch of blood-thirsty, homicidal maniacs? Is it the water they drink? No, not the water from the cisterns that are still in what's left of Palestine, since some of that water has been either poisoned or deliberately contaminated by the Israeli's. Maybe it's the land they're living on that drives them to madness, since much of that land has been drenched with the blood of hundreds of thousands of Palestinians who have been brutally murdered by Israel since that group of eastern European Jews invade Palestine en masse in 1948. Or maybe it's the bully mentality that Israel has and frequently flaunts, since it is the ONLY nation in the ME that possess nuclear weapons and has the fighter-bombers, nuclear submarines--courtesy of Germany--and the ICBM's to deliver those nukes not only to the ME, but all around the world, so maybe all of that unbridled power has corrupted their brains. Maybe the Beast knows that it can and does get away with murder of the Palestinians on a daily basis, so that in turn feeds the hunger for more blood. When it comes to this blood feast, the Beast isn't picky. It can be the blood of Palestinians or Syrians or Iraqi's or the Lebanese, as long as the blood is at body temperature, with the recently deceased sacrifice to the Beast cured with artillery shells, US made smart bombs or tank shells screaming into the victim's homes. As long as the Beast gets fed, the Beast is happy. The Beast is especially fond of the blood of Palestinian children, so much so, that it has its trained and trigger happy IDF henchmen and women, shoot those kids in the head on a regular basis. The Beast drinks this blood like an alcoholic sucking down Bloody Mary's. Whatever it is that makes the Beast that is Israel the craziest fucking nation on the Earth is up for grabs, but one things for sure: The Beast is rumbling that it is hungry and if the past history of Israel is prologue, the Beast is getting ready to feed again, on the blood of innocents, from the Bekka Valley, to Beirut to the painful streets of Gaza, all the way to Tehran. Right now, the Beast is licking its blood stained lips, feeling the nervousness that it has generated by a probable attack on Iran this weekend. The Beast knows that human blood that has been pumped up by a person's adrenaline, is most tasty and the Beast is preparing for a HUGE feast. The Beast is hungry. The Beast needs feeding. The Beast will not be denied.
Go to 13095
http://www.wakeupfromyourslumber.com/node/4504
Did you know that by law the US guarantees israel's oil supply - no matter what?
...even if it causes US a DOMESTIC SHORTAGE???
I didn't.
Under a 1975 Memorandum of Understanding (MOU) the USA guaranteed all Israel's oil needs in the event of a crisis. This Memorandum of Understanding is quietly renewed every five years. It commits U.S. taxpayers to maintain a strategic U.S. reserve for Israel, equivalent to $3 billion in 2002 dollars. Special legislation was enacted to exempt Israel from restrictions on oil exports from the USA. Moreover, the U.S. government agreed to divert oil from the USA, even if this causes domestic shortages. The U.S. government also guaranteed delivery of oil in U.S. tankers if commercial shippers become unable or unwilling to carry oil from the USA to Israel.
I wonder which israel-first bastard signed this memorandum . . .
Memorandum of Agreement between the Governments of the United States of America and Israel - Oil, March 26, 1979
The oil supply arrangement of September 1, 1975, between the Governments of the United States and Israel, annexed hereto, remains in effect. A memorandum of agreement shall be agreed upon and concluded to provide an oil supply arrangement for a total of 15 years, including the 5 years provided in the September 1, 1975 arrangement.
The memorandum of agreement, including the commencement of this arrangement and pricing provisions, will be mutually agreed upon by the parties within sixty days following the entry into force of the Treaty of Peace between Egypt and Israel.
It is the intention of the parties that prices paid by Israel for oil provided by the United States hereunder shall be comparable to world market prices current at the time of transfer, and that in any event the United States will be reimbursed by Israel for the costs incurred by the United States in providing oil to Israel hereunder.
Experts provided for in the September 1, 1975 arrangement will meet on request to discuss matters arising under this relationship.
The United States administration undertakes to seek promptly additional statutory authorization that may be necessary for full implementation of this arrangement.
M. Dayan
For the Government of Israel
Cyrus R. Vance [at the time, Secretary of State]
For the Government of the United States
Annex to the Memorandum of Agreement concerning 0il
ANNEX
Israel will make its own independent arrangements for oil supply to meet its requirements through normal procedures. In the event Israel is unable to secure its needs in this way, the United States Government, upon notification of this fact by the Government of Israel, will act as follows for five years, at the end of which period either side can terminate this arrangement on one-year's notice.
(a) If the oil Israel needs to meet all its normal requirements for domestic consumption is unavailable for purchase in circumstances where no quantitative restrictions exist on the ability of the United States to procure oil to meet its normal requirements, the United States Government will promptly make oil available for purchase by Israel to meet all of the aforementioned normal requirements of Israel. If Israel is unable to secure the necessary means to transport such oil to Israel, the United States Government will make every effort to help Israel secure the necessary means of transport.
(b) If the oil Israel needs to meet all of its normal requirements for domestic consumption is unavailable for purchase in circumstances where quantitative restrictions through embargo or otherwise also prevent the United States from procuring oil to meet its normal requirements, the United States Government will promptly make oil available for purchase by Israel in accordance with the International Energy Agency conservation and allocation formula, as applied by the United States Government, in order to meet Israel's essential requirements. If Israel is unable to secure the necessary means to transport such oil to Israel, the United States Government will make every effort to help Israel secure the necessary means of transport.
Israeli and United States experts will meet annually or more frequently at the request of either party, to review Israel's continuing oil requirement.
Source: Israeli Foreign Ministry
Go to 13094
http://www.marketoracle.co.uk/Article4156.html
The Mega Commodity Move: Why It's Happening
Mar 29, 2008 - 08:41 PM
By: Aden_Forecast
The precious metals have been soaring. Gold, silver, platinum, palladium… you name it. If it's a metal, it's been booming. The same is true of other commodities too. So are commodities the new bubble? Have they replaced the real estate bubble, which replaced the tech stock bubble, as investors move from one bubble to another? It sure looks like it. But the big difference is that this metals and commodities bubble has a lot further to go. Why?
THE PERFECT STORM
Basically, the perfect storm has been gathering and it's going to fuel a mega rise that will likely last for years to come. We've often discussed the most important reasons why but since these markets have been picking up steam, we'll review these basics again.
Most important is China and other growing nations, which are keeping demand and prices super strong. But also important are spending, soaring global money creation, inflation, the falling U.S. dollar and international tensions. But let's take China first…
China power
China 's growth has been astounding at over 9% each year for more than 25 years. During that time, China has lifted 300 million people out of poverty and it's quadrupled the average income.
This is the fastest economic growth in recorded world history. Many felt it couldn't last, but year after year it has, and it's going to continue.
Since wages are higher in urban areas, 500 million rural Chinese are expected to move to the cities over the next couple of decades in search of the good life that former migrants have already found. This growing middle class is proudly spending money on homes, cars and other consumer goods.
Retail sales, for instance, recently soared 20% and China has become the world's second largest oil consumer. This huge demand for all things, from food, to oil, gasoline, metals and other commodities has been one of the main factors driving these markets higher.
The Chinese government's top priority is to close the gap between rich and poor. And they want to make a big splash on the world stage as a major power during this year's Olympics. But something more important is also happening.
As Time magazine points out, comparing China to the U.S. , China is cramming two important eras into one. The post World War II prosperity that fueled the flight to the suburbs is coinciding with the 19th century Industrial Revolution that lured people from the farms to the cities.
This is powerful stuff. Demand for everything is huge and there's no end in sight. This reinforces that the mega commodity uptrend will continue.
Demand growing
That's especially true combined with another source of growing demand, which is new money looking for good returns. With stocks and real estate down, the metals and commodities have become increasingly attractive, and with good reason.
The metals have gained between 12% and 30% so far this year. Commodities are up between 9% to 26%. These markets have strongly outperformed all other investments. They are also stronger than any currency, and with the U.S. dollar super weak at new record lows, it makes the metals even more attractive.
Supply limited
Then there's the supply factor, which is critical as well. While demand is soaring, supply is limited. It's also consistently threatened by international tension or internal mishaps.
Considering it takes many years to develop new mines, this supply picture is something that's not going to change quickly. The recent electricity shortage in South Africa , for instance, drove many metals prices sharply higher because miners simply couldn't work and supply was therefore disrupted.
Also, don't forget that events in areas rich in natural resources, like the Middle East, Russia, Nigeria, Venezuela and many other places, could push the price of metals, oil and other commodities sharply higher in a heartbeat, depending on what happens in these countries. Basically, world tensions are truly a big wild card.
Spending & money: Out on a limb
A real biggie, however, is spending and money creation. That's the cause of inflation and there's no end in sight here either.
Spending is skyrocketing. The military budget alone will be the biggest since World War II. The baby boomers are now starting to retire and since 20 million of these upcoming retirees don't have enough money to retire on, it's going to balloon spending to far greater levels in the years ahead.
Meanwhile, money is flowing like mad all over the world. Money supply is up 16% in the U.S. but it's even more in other countries… it's soaring 42% in Russia , 21% in India , 18% in China and so on.
And with the whole world worried about a U.S. recession, as well as the domino effects of the subprime mortgage meltdown, which has already tallied up losses of around $200 billion (so far only half of what's expected), the money's going to keep flowing, all in a concerted effort to avoid a recession at all costs.
You see, a recession could turn into a deflation, accompanied by massive bank failures, and that's something no one wants. Sure, all this money is fueling inflation and the commodity boom. And yes, lower interest rates are making the U.S. dollar super unattractive and driving it to new all time record lows, but low rates will help the economy.
The bottom line is that this inflation option is a whole lot better than the deflation option, and that's what the Fed and the world's central banks have chosen to do. They really have no other choice.
Inflation growing
Remember, gold has always been an inflation hedge. With money flowing, oil above $100 and commodity prices soaring, inflation is surging too. It's moving up at the fastest pace in 26 years, which is not surprising when you see the CRB commodity index hitting record highs (see Chart 1 ). This is also making the precious metals very appealing and it's one of the most important components in this overall big picture ( Chart 2 ). So despite normal ups and downs, the major trends are clearly up, and there's no reason to believe that's going to change.
HAVE ALL COME TOGETHER
That's the perfect storm in a nutshell. All these factors have come together at the same time, and they're extremely bullish for gold, the other metals and commodities. These are the reasons why the metals and commodities markets are rising and why they'll keep rising.
Interestingly, these factors are also coinciding with the 200 year commodity cycle, in which bull market upmoves have averaged between 17-22 years. Currently, we're only seven years into the current bull market, so this too coincides with the fundamentals, reinforcing that these rises still have years to run.
That's why we've continued to stress keeping a large portion of your investments in gold, silver and their shares. No investments have been better over the past few years and we feel strongly that these markets will remain winners.
We wouldn't trade these markets and this month's strong upmove illustrates why. Just plan to stay with the mega upmove for the long haul. Essentially, the storm is getting stronger and that's not when you want to be jumping ship.
By Mary Anne & Pamela Aden
Mary Anne & Pamela Aden are well known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts and recommendations on gold, stocks, interest rates and the other major markets. For more information, go to www.adenforecast.com
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http://money.cnn.com/2008/04/03/news/economy/fed_credit_crisis.ap/index.htm
Investment firms tap Fed for billions
Wall Street banks take advantage of Fed's emergency loan program, borrowing an average of $38.1 billion a day last week.
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Big Wall Street investment companies are stepping up their borrowing a bit from the Federal Reserve's unprecedented emergency lending program.
The Federal Reserve reported Thursday that those firms averaged $38.1 billion in daily borrowing over the past week from the new lending program. That compared with $32.9 billion in the previous week and $13.4 billion in the first week the lending facility opened.
The program, which began on March 17, is part of the Fed's effort to aid the financial system.
The Fed, for the first time, agreed to let big investment houses temporarily get emergency loans directly from the central bank. This mechanism, similar to one available for commercial banks for years, will continue for at least six months. It was the broadest use of the Fed's lending authority since the 1930s.
Fed Chairman Ben Bernanke and his colleagues opened the facility as it raced to deal with the sudden crash of the venerable Wall Street firm Bear Stearns (BSC, Fortune 500), which was on the brink of bankruptcy. Fearful that other investment firms could be in jeopardy given the intense fear that gripped the markets at that time, the Fed moved to give investment firms a place to go for overnight cash loans.
Doing this was "a very substantial step," Bernanke told lawmakers at a Senate Banking Committee hearing on Thursday. "We didn't take it lightly."
The lending facility is seen as similar to the Fed's "discount window" for commercial banks, where the Fed acts as a lender of last resort. Commercial banks and investment companies pay 2.5 percent in interest for overnight loans from the Fed.
Banks also stepped up their borrowing from the Fed's discount window. Banks averaged $7 billion in daily borrowing for the week ending April 2. That compared with $550 million in average daily borrowing for the previous week.
The identities of commercial banks and investment houses borrowing from the Fed's emergency lending facilities are not released.
The Fed's decision to extend emergency lending to investment houses -- along with another controversial move -- backing a multibillion lifeline as part of JP Morgan's (JPM, Fortune 500) deal to take over the troubled Bear Stearns -- were under scrutiny by the Senate Banking Committee on Thursday. Some Democrats and others worry that the moves could put billions of taxpayer dollars at potential risk.
Bernanke, however, defended the actions, saying they were necessary to avert a meltdown of the entire financial system, which would have dire consequences for the economy and for millions of Americans.
"Our ultimate concern is the health of the American economy and the average person," he said.
Also Thursday, the Fed, in the second operation of its kind, auctioned another $25 billion of much-in-demand Treasury securities to investment firms. Bidders paid an interest rate of 0.160 percent. The Fed received bids of $46.9 billion worth of the securities. Bidders, who are not identified, can put up risky home loan packages as collateral.
That program is intended to help financial institutions and the troubled mortgage market. The Fed said it would make as much as $200 billion worth of Treasuries available through weekly auctions that started last Thursday.
The goal is to make investment houses more inclined to lend to each other. It also is aimed at providing relief to the distressed market for mortgage-linked securities. Questions about their value and dumping of these securities have driven up mortgage rates, aggravating the housing crisis.
First Published: April 3, 2008: 5:08 PM EDT
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Message from discussion 1984: Grace Commission Report under Ronald Reagan showed IRS is a fraud that collects taxes for the Banking Dynasties
Alex James View profile More options Mar 21, 4:25 am
From: "Alex James"
"100% of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government." -Grace Commission report submitted to President Ronald Reagan - January 15, 1984
Ronald Reagan was promptly shot after he dared to criticize the Fed, on the same day that the Pope was shot. After recovering, he changed his mind and praised the Fed. About seven US Presidents have been assassinated for not cooperating with the Transatlantic Banking Dynasties (William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln, Garfield, McKinley and John F. Kennedy 1963; 7 if FDR's poisoning is counted).
Most of us feel sick when we realize that Not one dime of IRS money goes to the US Gov't, according to Reagan's Grace Commission: it all goes to pay interest on a bogus debt to the Private Federal Reserve (FED), just to allow paper money to circulate as "Federal Reserve Notes". The Federal Reserve is a private Corporation eventually owned by the Rockefellers and Rothschilds Dynasties through intermediary agents, designed to suck the capital dry from the U.S., as the Rothschilds do in Europe. Read Billions for the
The final report of the 1984 Grace Commission, convened under President Ronald Reagan, quietly admitted that none of the funds they collect from federal income taxes goes to pay for any federal government services. The Grace Commission found that those funds were being used to pay for interest on the federal debt, and income transfer payments to beneficiaries of entitlement programs like federal pension plans.
These comments were presented at the Close of the Citizens' Truth-In-Taxation Hearing.Washington D.C., February 27-28, 2002: IRS is a Trust
"Like it or not, you are a slave. You admit you are a slave every April 15th! That's when you sign forms that "voluntarily" lay bare to the government the most private details of your life! And few people realize the income tax is a slave tax. It can never be compatible with the life of a free people". ALAN KEYES - Republican Nominee for President, unfortunately, the only Republican willing to speak out along with Ron Paul.
Visit here... Interest On The Debt!
Sit down when you view it. People have fainted when they see the size of the Debt Hole we're now in!
The "President's Private Sector Survey on Cost Control", commonly referred to as the 1984 Reagan "Grace Commission Report" reveals that 100% of the "income tax" collected is applied against the interest of the national debt. The government operates on a deficit that is created from nothing by the Privately Owned Fed (owned by the same folks who own the major commercial banks) at interest, i.e. what could be created debt free and usury free by the Treasury has been usurped by the Banking Dynasties who have been ruling the World since ancient times. Taxes are a way of controlling, or manipulating the economy. They also give people a faith in the funny money -- makes it Near and dear to them. Balanced budgets and budget surpluses are a smoke and mirror trick. They sound really good, playwell for the people, but are nothing more than panderings. I'm not going into it, period, but if any should care to make the study, you will be at first incredulous, then angered by the depths of deception under which the people of this country labor.
Even the inventor of the electric light, Thomas Edison, joined the fray in criticizing the system of the Federal Reserve: "If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also... It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people."
In President Lincoln's words (he was assassinated by the Banksters' agent) ""The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest."
"In a recent conversation with an official at the Internal Revenue Service, I was amazed when he told me that 'If the taxpayers of this country ever discover that the IRS operates on 90% bluff the entire system will collapse'". -Henry Bellmon, Senator (1969)
"Our federal tax system is, in short, utterly impossible, utterly unjust and completely counterproductive [it] reeks with injustice and is fundamentally un-American... it has earned a rebellion and it's time we rebelled". -President Ronald Reagan, May 1983, Williamsburg, VA
"Our Income Tax system is a disgrace to the human race." -Jimmy Carter, said in 1976 by the then President-to-be
"Eight decades of amendments... to [the] code have produced a virtually impenetrable maze... The rules are unintelligible to most citizens... The rules are equally mysterious to many government employees who are charged with administering and enforcing the law". -Shirley Peterson, Former IRS Commissioner, April 14, 1993 at Southern Methodist University
"The wages of the average American worker, after inflation and taxes, have decreased 17% since 1973, the only Western industrial nation to so suffer". -Martin Gross, author of "The Tax Racket: Government Extortion From A to Z"
_____
1. They Told The Truth! ...About The Internal Revenue Service
JUNE 18, 2002 O'Neill Says Tax Code Is Too Complex By EILEEN ALT POWELL AP Business Writer
NEW YORK (AP) - Treasury Secretary Paul O'Neill said Tuesday he believed the complexity of the U.S. tax code was driving some companies to relocate to Bermuda and urged that tax regulations be simplified. "Our tax code is an abomination," he said.
He made the comment in response to a question about corporate relocations following a speech to the Greater New York Volunteer Committee, which promotes sales of U.S. Savings Bonds.
_____
"An advanced society such as ours deserves better." -Treasury Secretary Paul O'Neill, speaking of the Income Tax System in 2001
_____
"... the key question is: can we define 'income' in a fair and reasonably straightforward manner? Unfortunately we have not yet succeeded in doing so". -Shirley Peterson, former IRS Commissioner, April 1993
_____
"I don't like the income tax. Every time we talk about these taxes we get around to the idea of 'from each according to his capacity and to each according to his needs'. That's socialism. It's written into the Communist Manifesto. Maybe we ought to see that every person who gets a tax return receives a copy of the Communist Manifesto with it so he can see what's happening to him". -T.Coleman Andrews, Commissioner of Internal Revenue, May 25, 1956 in US. News & World Report
_____
"Our tax system is based upon voluntary assessment and payment, not upon distraint". [haw haw] -United States Supreme Court, in Flora v. United States
_____
"Our tax system is based on individual self-assessment and voluntary compliance". [haw haw haw] -Mortimer Caplin, Internal Revenue Audit Manual (1975)
_____
"The United States has a system of taxation by confession". -Hugo Black, U.S. Supreme Court Justice
_____
"Let me point this out now. Your income tax is 100 percent voluntary tax, and your liquor tax is 100 percent enforced tax. Now, the situation is as different as night and day. Consequently, your same rules just will not apply...". -Dwight E. Avis, former head of the Alcohol and Tobacco Tax Division of the IRS, testifying before a House Ways and Means subcommittee in 1953
_____
"The purpose of the IRS is to collect the proper amount of tax revenues at the least cost to the public, and in a manner that warrants the highest degree of public confidence in our integrity, efficiency and fairness. To achieve that purpose, we will encourage and achieve the highest possible degree of voluntary compliance in accordance with the tax laws and regulations..." [ pure, unadulterated Bullsh_t ] -Internal Revenue Manual, Chapter 1100, section 1111.1
_____
"Fear [true] is the key element for the IRS in achieving its mission. Without fear, the IRS would have a difficult time maintaining our so-called system of voluntary compliance ..." "Given the opportunity, the IRS will take the easy way out and grab whatever it can. The IRS does not really care about you and what your future may be". -Santo Presti, former IRS Criminal Investigation Agent and author of "IRS In Action"
_____
"The IRS is an extraordinary example of the end justifying the means. The means of this agency is growth. It is interesting that the revenue officers within the IRS refer to taxpayers as 'inventory'. The IRS embodies the political realities of the selfish human desire to dominate others. Thus the end of this gigantic pretense of officialdom is power, pure and simple. The meek may inherit the earth, but they will never receive a promotion in an agency where efficiency is measured by the number of seizures of taxpayers' property and by the number of citizens and businesses driven into bankruptcy". -George Hansen, Congressman and author of "To Harass Our People"
Go see just how B-A-D!
_____
"I have sat on many a promotion panel where the first question of panel members was 'How many seizures have you made?"'. -Joseph R.Smith, eighteen-year IRS agent, testifying before Congress
_____
"This [audit] was made extremely difficult because [IRS] existing Systems were not designed to provide reliable financial information... on their operations". -Comptroller Bowsher, Government Accounting Office, on the first-ever audit of the IRS in 1993.
_____
"The agency that is so strict on the way Americans keep their books cannot even pass a financial audit". -Ted Stevens, Republican Senator from Alaska
_____
"Some techniques can be used only in connection with a full-scale program due to the nature of the tax situation and the need to avoid unnecessary taxpayer reaction. An example would be income tax returns compliance efforts aimed at the non-business taxpayer". [Huh? What'd he say?] -Internal Revenue Service Manual, section 5221 "Returns Compliance Programs"
_____
About Social Security
"When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money... -W. Allen Wallis, former Chairman of the 1975 Advisory Council on Social Security, May27, 1976
_____
"There is no prospect that today's younger workers will receive all the Social Security and Medicare benefits currently promised them". -Dorcas Hardy, former Social Security Commissioner and author of "Social Insecurity", quoted in the December 1995 Reader's Digest.
_____
'All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus". -Walter E. Williams, John M. Olin Distinguished Professor of Economics at George Mason University in Fairfax, VA, January 24, 1996.
_____
"To lay with one hand the power of government on the property of the citizen, and with the other to bestow it on favored individuals... is none the less robbery because it is... called taxation". -United States Supreme Court in Loan Association v. Topeka (18__ )
_____
About Money, Banking & The Federal Reserve
'In 1833, a small group of Socialists met in London, announcing their intentions of converting the British economic system from capitalism to socialism. This group chose the name "Fabian Society". One of the leading members of the Fabian Society, author George Bernard Shaw, perhaps summed it up best when he said, quote: "... Socialism means equality of income or nothing... under socialism you would not be allowed to be poor. You would be forcibly feed, clothed, lodged, taught, and employed whether you like it or not. If it were discovered that you had not character enough to be worth all this trouble, you might possibly be executed in a kindly manner; but whilst you were permitted to live you would have to live well" -Edgar Wallace Robinson in his 1980 booklet titled "Rolling Thunder"
_____
"A government that robs Peter to pay Paul can always depend on Paul's support." - George Bernard Shaw, 1856-1950
_____
"All the perplexities, confusion and distress in America rise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation". -John Adams, in a letter to Thomas Jefferson in 1787
_____
"Gold is still the ultimate store of wealth. It's the world's only true money. And there isn't much of it to go around. All of it ever mined would fit into a small building - a 56 foot cube. The annual world production would fit into a 14 foot cube, roughly the size of an ordinary living room. If each Chinese citizen were to buy just one ounce, it would take up the annual supply for the next 200 years". -Mark Nestmann, author of "How To Achieve Personal And Financial Privacy In A Public Age
_____
"I see in the near future a crisis approaching. It unnerves me and causes me to tremble for the safety of my country... the Money Power of the country will endeavor to prolong its reign"' by working upon the prejudices of the people, until the wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war." -Abraham Lincoln,- In a letter written to William Elkin just after the passage of the National Banking Act of 1863 and less than five months before he was assassinated.
_____
"The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes." -Abraham Lincoln
_____
"If the American people ever allow private banks to control the issue of their currency first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered". -Thomas Jefferson in 1802 in a letter to then Secretary of the Treasury, Albert Gallatin
_____
"I believe that banking institutions are more dangerous to our liberties than standing armies". -Thomas Jefferson
_____
"... You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out". -President Andrew Jackson, upon evicting a delegation of international bankers from the Oval Office
"Give me control over a nation's currency and I care not who makes its laws" -Baron M.A. Rothschild (1744 - 1812)
"The few who can understand the system (Federal Reserve) will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people, mentally incapable of comprehending the tremendous advantages that capital derives from the system, will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests". [As they say, "Ignorance is bliss!"] -John Sherman, protege of the Rothschild banking family, in a letter sent in 1863 to New York Bankers, Morton, and Gould, in support of the then proposed National Banking Act
_____
".. we conclude that the [Federal] Reserve Banks are not federal ... but are independent privately owned and locally controlled corporations... without day to day direction from the federal government." -9th Circuit Court in Lewis vs United States, June 24, 1982
_____
"Some people think the Federal Reserve Banks are US government institutions They are not... they are private credit monopolies which prey upon the people of the US. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will". -Congressman Charles McFadden, Chairman, House Banking and Currency Committee, June 10, 1932
_____
"when you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money". -Boston Federal Reserve Bank in a publication titled "Putting It Simply"
_____
"We make money the old fashioned way. We print it." -Art Rolnick, former Chief Economist, Minneapolis Federal Reserve Bank
_____
"Historically, the United States has been a hard money country. Only [since 1913] has the United States operated on a fiat money system. During this period, paper money has depreciated over 87%. During the preceding 140 year period, the hard currency of the United States had actually maintained its value. wholesale prices in 1913... were the same as in 1787". -Kenneth Gerbino, former chairman of the American Economic Council
_____
"About all a Federal Reserve note can legally do is wipe out one debt and replace it with itself another debt, a note that promises nothing. If anything's been paid, the payment occurs only in the minds of the parties...". -Tupper Saucy, author of "The Miracle On Main Street"
_____
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose". -John Maynard Keynes, economist and author of "The Economic Consequences Of The Peace"
_____
"Inflation has now been institutionalized at a fairly constant 5% per year. This has been determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the government will have confiscated 64% of every dollar he saved over those years. By the time he has worked 45 years, the hidden tax will be 90%. The government will take virtually everything a person saves over a lifetime". -G. Edward Griffin, historian and author of "The Creature From Jekyll Island"
_____
"The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the US. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president". -President Franklin Delano Roosevelt, November23, 1933 in a letter to Colonel Edward Mandell House
_____
"The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote, 'friends of paper money.' They hated the Bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system.
Through ignorance, but moreover, because of apathy, a small, but wealthy, clique of power brokers have robbed us of our Rights and Liberties, and we are being raped of our wealth. We are paying the price for the near-comatose levels of complacency by our parents, and only God knows what might become of our children, should we not work diligently to shake this country from its slumber! Many a nation has lost its freedom at the end of a gun barrel, but here in America, we just decided to hand it over voluntarily. Worse yet, we paid for the tyranny and usurpation out of our own pockets with "voluntary" tax contributions and the use of a debt-laden fiat currency!". -Peter Kershaw, author of the 1994 booklet "Economic Solutions"
_____
Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." Woodrow Wilson - In his book entitled The New Freedom (1913)
_____
"The fact is that there is a serious danger of this country becoming a pluto-democracy;
that is, a sham republic with the real government in the hands of a small clique of
enormously wealthy men, who speak through their money, and whose influence, even today,
radiates to every corner of the United States."
William McAdoo - President Wilson's national campaign vice-chairman, wrote in Crowded
years (1974)
_____
"The powers or financial capitalism had (a) far-reaching aim, nothing less than to
create a world system of financial control in private hands able to dominate the
political system of each country and the economy of the world as a whole. This system
was to be controlled in a feudalist fashion by the central banks of the world acting in
concert, by secret agreements arrived at in frequent meetings and conferences.
The apex of the systems was to be the Bank for International Settlements in Basel,
Switzerland, a private bank owned and controlled by the world's central banks which were
themselves private corporations. Each central bank...sought to dominate its government
by its ability to control Treasury loans, to manipulate foreign exchanges, to influence
the level of economic activity in the country, and to influence cooperative politicians
by subsequent economic rewards in the business world."
-Prof. Carroll Quigley in his book Tragedy and Hope
_____
"In a small Swiss city sits an international organization so obscure and secretive...
Control of the institution, the Bank for International Settlements, lies with some of
the world's most powerful and least visible men: the heads of 32 central banks,
officials able to shift billions of dollars and alter the course of economies at the
stroke of a pen."
Keith Bradsher of the New York Times, August 5, 1995
_____
"The Federal Reserve Bank of New York is eager to enter into close relationship with the
Bank for International Settlements....The conclusion is impossible to escape that the
State and Treasury Departments are willing to pool the banking system of Europe and
America, setting up a world financial power independent of and above the Government of
the United States....The United States under present conditions will be transformed from
the most active of manufacturing nations into a consuming and importing nation with a
balance of trade against it."
Rep. Louis McFadden - (Chairman of the House Committee on Banking and Currency) quoted
in the New York Times (June 1930)
_____
"The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever
seen. There is not a man within the sound of my voice who does not know that this Nation
is run by the International Bankers."
Rep. Louis McFadden
_____
"(The Great Depression resulting from the Stock Market crash) was not accidental. It was
a carefully contrived occurrence....The international bankers sought to bring about a
condition of despair here so they might emerge as rulers of us all."
Rep. McFadden testified in Congress (1933). There were at least two attempts on his life
by gunfire. He died of suspected poisoning after attending a banquet.
_____
"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take
it away from them, but leave them the power to create deposits, and with the flick of
the pen they will create enough deposits to buy it back again. However, take it away
from them, and all the great fortunes like mine will disappear and they ought to
disappear, for this would be a happier and better world to live in. But, if you wish to
remain the slaves of Bankers and pay the cost of your own slavery, let them continue to
create deposits."
Sir Josiah Stamp - President of the Bank of England in the 1920's, and the second
richest man in Britain.
_____
"History shows that the money changers have used every form of abuse, intrigue, deceit
and violent means possible to maintain control over governments by controlling the money
and the issuance of it."
President James A. Madison
_____
"Nothing did more to spur the boom in stocks than the decision made by the New York
Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin
Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken
largely at the behest of Montagu Norman of the Bank of England....At the time of the
Banks action I warned of its consequences.... I felt that sooner or later the market had
to break."
Money baron Bernard Baruch in Baruch: The Public Years (1960)
_____
"Thus corporations finally claimed the full rights enjoyed by individual citizens while
being exempted from many of the responsibilities and liabilities of citizenship.
Furthermore, in being guaranteed the same right to free speech as individual citizens,
they achieved, in the words of Paul Hawken, 'precisely what the Bill of Rights was
intended to prevent: domination of public thought and discourse.' The subsequent claim
by corporations that they have the same right as any individual to influence the
government in their own interest pits the individual citizen against the vast financial
and communications resources of the corporation and mocks the constitutional intent that
all citizens have an equal voice in the political debates surrounding important issues."
-David C. Korten, in his book, When Corporations Rule the World
_____
"Give me control over a man's economic actions, and hence over his means of survival,
and except for a few occasional heroes, I'll promise to deliver to you men who think and
write and behave as I want them to." -Benjamine A. Rooge
_____
"I consider the foundation of the Constitution as laid on this ground that "all powers
not delegated to the United States by the Constitution, nor prohibited by it to the
states, are preserved to the states or to the people.
" ... To take a single step beyond the boundaries thus specially drawn around the powers
of Congress is to take possession of a boundless field of power, no longer susceptible
of any definition. The incorporation of a bank, and the powers assumed by this bill
(chartering the first Bank of the United States), have not, been delegated to the United
States by the Constitution."
-Thomas Jefferson - in opposition to the chartering of the first Bank of the United
States (1791).
_____
"Whoever controls the volume of money in any country is absolute master of all industry
and commerce."
President James A. Garfield
_____
These statements were made during hearings of the
House Committee on Banking and Currency, September 30, 1941.
Note: Members of the Federal Reserve Board call themselves "Governors". Governor Eccles
was Chairman of the Federal Reserve Board at the time of these hearings.
* Congressman Patman: "How did you get the money to buy those two billion dollars worth
of Government securities in 1933?"
* Governor Eccles: "Out of the right to issue credit money."
* Patman: "And there is nothing behind it, is there, except our Government's credit?"
* Eccles: "That is what our money system is. If there were no debts in our money system,
there wouldn't be any money."
* Congressman Fletcher: "Chairman Eccles, when do you think there is a possibility of
returning to a free and open market, instead of this pegged and artificially controlled
financial market we now have?"
* Governor Eccles: "Never, not in your lifetime or mine."
_____
GoTo: FairTax
*** exposing the hidden truth for further educational research only *** CAVEAT LECTOR
***
In accordance with Title 17 U.S.C. Section 107, this material is distributed without
profit to those who have expressed a prior interest in receiving the included
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*** Revealing the hidden Truth For Educational & Further Research Purposes only. ***
Welcome to Real News Edited excerpts, non-partisan, pro-truth-honesty-peace, and
anti-war-lies-crime. The purpose is to expose corruptions, frauds, deceptions, lies,
criminal plans, cover-ups and free-speech silencing by powerful people in governments,
foundations, corporations and media, which are done using the name of democracy, human
rights, false interpretations of religions, cults, occults, patriotism, economy,
business, media, elections, justice, charity, etc., and are used to trick the public
into hatred & wars and out of their lives, money and freedoms, while the propaganda we
are subjected to makes us believe that we have evolved to where such things cannot
happen [remember slavery, apartheid.]. Please share what you learn with others who do
not have access to the internet. This is only a tip of the iceberg. Stop the hatred that
is used to promote the dehumanization of the victims of predatory aggressions;spread the
truth;free your mind from being a Zioncon occupied territory of the neo-feudal lords by
rejecting the mainstream news propaganda. Caution: real news may induce a kind of
schizophrenia because it provides a true vision of reality which is so different from
the one we are presented by the mass media spins. Latest real infonews available at
alternate news. ***** Check whatreallyhappened . com & other alternative news sites for
latest news flashes. In Truth We Trust! The opinions expressed herein contain positions
and viewpoints that are not necessarily those of the recipient, disseminator or others
mentioned in the information. These are offered as a means to stimulate dialogue and
discussion.
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