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September 2, 2009

WHY THE U.S. ECONOMY WON'T COLLAPSE

Igor Panarin: Obama -- No hope, US collapse could begin within weeks

For more than a decade now, Panarin has been forecasting the collapse and disintegration of the United States and, like many economic analysts these days such as Jim Rogers and Peter Schiff, the utter devaluation of the US Dollar.

Among certain Russians, a collapse of the US economy similar to that experienced in Russia with the demise of the Soviet Union seems an outcome much to be desired. Such expectations make no sense, however.

The Soviet Union had a closed economy that, with the collapse of the political system, was exposed overnight to the full force of international competition. Given the resultant opportunity, Russians naturally preferred to spend what roubles they had on German cars, Swiss watches, Italian shoes, American movies and Asian electronics than on the shoddy products of their own state-run industries. The result: mass unemployment, poverty, starvation and the breakdown of civil order.

Although America faces prolonged high unemployment, it will experience nothing comparable to Russia's collapse because America's economy is among the most open in the World and therefore among the most competitive. What cars (Ford's Fusion hybrid), watches (Timex), shoes (SAS), etc., that Americans make are as good as anything produced by the competition.

America's current economic difficulties arise not from a lack of competitiveness but are the result of massive financial manipulation, corruption and fraud enabled by a bought political class. Trillions have been wasted on derivative gambles and scams and on preposterous salaries, bonuses and stock options taken by hired managers who have served their own interest by maximizing short-term profits without regard for long-term business viability.

As a result, America now lacks the capital to easily achieve energy independence through vastly improved energy-use efficiency (who needs a 200-plus horsepower car to haul their arse across town to work), the construction of high-efficiency zero-emission coal-fired power stations and investment to hasten development of other energy sources.

In fact, with the money that America's financial parasites and corporate looters have pocketed, America could likely have achieved energy independence, created a carbon-free economy and established a manned colony on Mars. As it is, they are bogged-down in multi-trillion-dollar wars to steal someone elses polluting hydrocarbon resources.

Nevertheless, the prospects for a dollar collapse are remote. In the last year, the U.S. trade deficit has fallen by two thirds, most US Treasury securities are being bought by Americans and it is the Asian and European stock markets, not America's, that are sinking now.

The only instability that threatens America is political: instability resulting from widespread anger that the public are being forced to bailout billionaires. The great danger is that the existing political system appears to offer no solution. Obama was to be the agent of change, but has proved to be more fully controlled by the corruptionists than his predecessors.

Something may give, but it won't result in a Soviet-style economic collapse.

Permanent Link

China's state-owned firms may default on commodity hedges

A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent.

Sean Gabb: The British State and the BNP—The Post-Modern Tyranny of "Human Rights"

Given that MI6 ran Germany's post-war Nazi party, that the Jew, Joseph Cohen, alias Frank Collins, ran the US Nazi party and that the Canadian Jewish Congress funded Canada's one-man Nazi party, does it not seem probably that the BNP is also run by MI6 or some other hidden entity with the object of discrediting citizens who quite reasonably oppose mass immigration to Britain, one of the World's smallest and most densely populated countries?

Why else would the BNP, headed by a lawyer, and a person, therefore, of presumed intelligence and discrimination, discredit itself by running ex-Nazis and others of questionable repute for election to Parliament?

If anyone claims that the BNP cannot be a bogus party created to prevent what is likely the majority opinion on immigration from being effectively expressed in Britain, I'd like to hear from them.

Netanyahu calls for 'crippling sanctions' against Iran

Paul Craig Roberts: Why Not Sanctions for Israel?

Admiral Mullen [Chair of the U.S. Joint Chiefs of Staff] declared that the U.S. will always stand with Israel. No matter how many war crimes Israel commits. No matter how many women and children Israel murders. No matter how many Palestinians Israel drives from their homes, villages, and lands. If truth could be told, the true axis-of-evil is the United States and Israel. ...

Peter Brimlow: The Death of Due Process

Juan Cole: In Afghanistan the U.S. needs Iran and Russia

The Obama administration has substituted the Logistics of War for the War on Terror. It is moving troops and equipment and assets around in the millions, on a vast scale, and therefore its enemies -- whether the Sunni radicals in Iraq or the neo-Taliban -- are also concentrating on logistics. The staccato, desultory news items of bombings here and airstrikes there make sense if the individual incidents are viewed as struggles over supply lines-- whether supply lines for military purposes, or supplies of intangibles such as international legitimacy. And in this context, the gingerness with which Washington is now approaching Russia and Iran makes perfect sense. ...

The United States has been made a hostage to Iran and Russia by George W. Bush's miring of the U.S. military in the midst of 300 million hostile, anti-imperialist Middle Easterners.

Gingerness: A symptom suffered by those who are unfortunate enough to have ginger/orange coloured hair. Hm. Can't mean that. Niceness; tenderness? O.K.

Mish: Yes, The Government Can!

Mish: Deflation Is A Bitch

Stewart Steinhaeur: Turtle Island Re-Emergent

As long as the fair folk of the Canadian State have a colonial relationship with the territorial Indigenous Peoples, then the genocide continues.

West faces losing battle over Afghan poll fraud

the commander of the Nato forces in Afghanistan warned President Obama that the eight-year war was in a "serious" state and that big changes were needed if victory was to be achieved.

the failure of the Afghan Government to provide basic services in many areas was allowing the Taleban to establish its own courts, hospitals and security. "A government that is losing to a counter-insurgency isn’t being outfought, it is being outgoverned" ....

There have been more than 2,500 complaints about the August 20 vote, 691 of them involving serious charges of vote rigging, meaning that they could affect the overall outcome of the election. ..

Big changes may be needed just to keep an army in the field. After eight years of buggering about, the troops get restive as casualties accelerate -- 74 dead this month.

As for being outgoverned, what about Canada's millions to fix pot holes? Did that not count for anything?

And as for election fraud which "could affect the overall outcomee of the election", isn't that the purpose of election fraud? Or are we supposed to believe that the election fraud could be ignored as just a bit of harmless fiddling that couldn't possible affect the "overall result"?

Nato tankers blown up in Pakistan

Suspected militants have blown up more than 20 vehicles carrying Nato supplies from Pakistan's Karachi port to Kandahar in Afghanistan, police said.

"Suspected militants ..." And if they weren't militant, they sure acted like it; although at this point we cannot rule out pacifists, Quakers or vegetarians for world peace.

Meantime: The US is moving armor into Pakistan

Barak O'Bomber's new war: The U.S. Invades and Occupies Pakistan

Iraq: First they torture you for a confession, then they hang you

Webster Tarpley on Obama's government of the banks, for the banks, by the banks (E-Clipp Vid)

Slashdot: Several British news sources have reported on the growing campaign calling for an apology to Jesus Christ for his persecution by Israel's high priest and all the chief priests and the elders and the scribes

Demands are also expected for an apology from the Pope to all those persecuted by the Inquisition, and apologies are being demanded from the British and U.S. Governments to all those incinerated in the WWII fire-bombings of Dresden and Tokyo.

Actually not, but it would make about as much sense as an apology to Alan Turing by a Government that had nothing to do with his persecution. See Harper's sorry apology.

Crapo WaPo returns to form after recently losing their grip, and falling into the practice of reporting real facts

Apparently they have now been reminded of the biases of the newspaper's top brass, forever justifying the hard-nosed "realism" of the Bush administration as it approved brutal and perverse methods for stripping the "bad guys" of their clothes, their dignity, their sense of self -- all to protect America.

Hooded, threatened with a cocked gun and an electric drill, deprived of sleep for long periods, beaten, kept naked or dressed in diapers, forced into painful stress positions, locked in tiny boxes, and subjected to the near-drowning of waterboarding, the terrorism suspects were supposed to be terrorized into what the CIA psychologists called "learned helplessness."

And to read the Washington Post's account, it all worked, transforming alleged 9/11 mastermind Khalid Sheik Mohammed from a "truculent enemy" into what the CIA considered its "preeminent source" on al-Qaeda.

Western Media Reiterate Lies that Justified the Illegal Invasion and Occupation of Iraq

How the Financial System Works (Wimp Vid)

All you really need to know about banks.

Nakba denial

Michael Pettis: It's not yet the end of China's massive stimulus

Michael Pettis: The USG doesn't need foreigners to finance the US fiscal deficit? Who knew?

Mish: Countdown To Dollar Implosion Madness

Eric Margolis: MUAMMAR QADDAFI: MAD LIKE A FOX

Chris Hedges: Israel's Toy Soldiers

Karin Friedmann: Myths and Facts about al-Qaeda

Obama's approval rating minus 11%. Congress ranks much, much lower

One in nine Americans using food stamps

Former Israeli Prime Minister Olmert indicted on three corruption charges

Charles Hugh Smith: How to thrive during a financial system breakdown

One example of too many governmental stakeholders resulting in bureaucratic sclerosis is the astonishingly time-consuming and arduous process of adding a new railway station in California. Everyone agreed that "smart growth" and common-sense transportation planning required an additional railway stop to serve commuters living in a new medium-density community on an existing rail line. Despite the obvious need and the will of the people as expressed by a general plan voted into law, the process is now in Year Nine with no resolution in sight due to the staggering number of governmental and private "stakeholders" /agencies with some say over the rail lines and station.

It is amazing that anything at all gets accomplished in the U.S. when situations such as this are examined in detail. As always, the proper context is the high cost to the middle class when political approval by various overlapping governmental stakeholders and Elites is required. Democracy has in effect been undermined by an ever-expanding government of overlapping authorities and ever-higher fees and taxes and a Plutocracy that gains exclusions and loopholes via political influence. ...

The big losers in the fantasy of self-regulating markets are the middle class; the Plutocracy buys itself exclusions. ...

It is doubtful if Canada is any less advanced in destroying enterprise in the same way.

US Chair of Joint Chiefs: In Afgahistan we have been crap

"We've come to believe that messages are something we can launch downrange like a rocket, something we can fire for effect," he wrote. "They are not. Good communication runs both ways. It's not about telling our story. We must also be better listeners."

By contrast, ...the Taliban forces match rhetoric with action. "They aren't just out there shooting videos," he wrote, "They deliver... Each beheading, each bombing, and each beating sends a powerful message."

He also noted that the Taliban has improved governance in certain areas, establishing courts, assessing and collecting taxes, and giving local populations avenues to express grievances.

After screwing up for seven years, we're now gonna make everything better in no time flat.

Like, hey folks, forget all those wedding parties we bombed, the kids we killed, the tens of thousands if not hundreds of thousands or millions made homeless.

Now we gonna listen real good before we send in the special forces and kill ya all.

Japan's Democratic party whip Liberal Democrats: will seek greater independence from Washington

Washington's Blog: The case for deflation

Most Brits want troops out of Afghanistan

Hey Gordo, just imagine your the leader of a democratic government. You know, a government that does what the people say. Then just bring the troops home. People'd be so amazed, they might even vote for you at the next election.

Swine flu hit estimated 10 percent of New Yorkers

Kosher Porn: Richard Spencer reviews Inglorious Basterds

White people committing suicide

Ian Hunter: Morgentaler's Order of Canada a symbol of moral decay

Fifty-one percent of Jewish Israelis consider Obama's administration more pro-Palestinian than pro-Israel

The poll asked Jewish Israelis whether they would support freezing settlement construction for a year as part of an American-brokered deal. Fifty percent said no ...

Note, the opinion of Arab Israelis was not invited.

Zionism, it appears, is the belief that Israeli Jews, many of them without a drop of Semitic blood, are entitled to steal from their Semitic neighbours, the Palestinian Arabs, and that anyone who objects is an anti-Semite.

The Jews, so Jews believe, are superior to the other races of mankind -- their God said as much. That they can compel the rest of the World to accept Zionism as anything other than a criminal conspiracy seems to prove their point.

Jeff Gates: How Israel Wages Game Theory Warfare

Such "probabilistic" war planning enables Tel Aviv to deploy serial provocations and well-timed crises as a force multiplier to project Israeli influence worldwide. For a skilled agent provocateur, the target can be a person, a company, an economy, a legislature, a nation or an entire culture -- such as Islam. With a well-modeled provocation, the anticipated reaction can even become a powerful weapon in the Israeli arsenal. ...

"We are benefiting from one thing, and that is the attack on the Twin Towers and Pentagon, and the American struggle in Iraq," Ma'ariv quoted the former prime minister as saying. He reportedly added that these events "swung American public opinion in our favor." Benjamin Netanyahu (Source)

The Israel lobby's information fraud

They impose a siege, turn Gaza into a ghetto, steal Palestinian lands, steal water resources, burn olive trees and other crops, create an apartheid wall on stolen land, imprison 12,000 people for 20 years without trial, indiscriminate[ly] use US-provided F16s [to] kill thousands of civilians, mostly women and children, commit assassinations at will, starve an entire nation and complain that the oppressed Palestinians fire misguided missiles in revenge.

Remember Jenin, with a 1000 casualties and a whole town torn to bits? No one probably does, or cares.

America's medical fascism

Jack Straw: Lockerbie bomber 'set free for oil'

That al-Megrahi may not have been the "Lockerbie bomber" and is completely innocent as he claims, has nothing whatsoever to do with it.

It was necessary to blame someone and as far as we were concerned it might as well be Megrahi as anyone else. Actually better that it be Megrahi than anyone else, since the real culprit may have been working for the CIA at the time.

President Obama, who has said that Megrahi should die in a Scottish jail, takes exactly the same position.

Afghan election fraud probe grows

Election complaints officials in Afghanistan say they are looking into more than 560 major allegations of fraud from the 20 August vote. ...

Full preliminary results are due next week, but the final results will not be made official until major fraud allegations are investigated.

The election was not a fraud, it was a farce. Anyhow, why does it take weeks to get a "full preliminary result" when you've only got a few hundred alleged votes to count?

Now if they'd put "Americans go home" on the ballot, there'd have been a decent turnout.

Not that American-style democracy was ever intended to discover anything about the wishes of the people: it merely serves to blame the people for whatever action the "leadership" takes at the direction of the people who own the government.

Paul Craig Roberts: Americans from citizens to serfs in 200 years

Bill Moyers/Bill Maher: Corporate-controlled Democrats drive healthcare reform

Continued here and here.

Jeff Gates: Anti-Zionists: The New Heretics

Burn them.

WHO's Severe Swine Flu Warning

the severe form of the illness is a deadly emergency. Dr. Jeffrey Boscamp, chair in pediatrics at the Children's Hospital at Hackensack University Medical Center in New Jersey, said that the lung infection triggers a syndrome called acute respiratory distress syndrome.

LOCKERBIE BOMBER, MEGRAHI: I'LL REVEAL TRUE IDENTITY OF BOMBER

Megrahi's lawyer to release dossier 'proving' his innocence

The Kennedys vs Israel's Lobby

Alison Weir: Israeli Organ Harvesting

Michel Chossudovsky: The H1N1 Swine Flu Pandemic: Manipulating the Data to Justify a Worldwide Public Health Emergency

Andrew Gavin Marshall: Global War and Dying Democracy: The Revolt of the Elites

Democracy has always depended on the ability of the elites, through lies, fraud and intimidation, to bring the masses to accept their own subordination. What has changed is the power of the Internet to expose the scam.

Abandonment of a ficticious democracy would compel the elite to take responsibility for their actions and might precipitate some genuine democractic action with tar, feathers and pitchforks.

America's deepening inferiority complex

The truth never dies: Megrahi demands Lockerbie inquiry

Megrahi is still determined to clear his name, partly through an autobiography, and also backs a public inquiry. Dr Jim Swire, who lost his daughter Flora in the tragedy, has already called for such an investigation, but the UK Government seems firmly opposed.

"I support the issue of a public inquiry if it can be agreed. In my view, it is unfair to the victim's families that this has not been heard. It would help them to know the truth. As I said, the truth never dies.

"If the UK guaranteed it, I would be very supportive. I would want to help Dr Swire and the others with the -- documents I hold."

However, he added during an hour-long interview: "My feeling is that the UK Government will avoid a public inquiry because it would ... show how much the Americans have been involved."

Swine/avian flu,the story so far

Why not just chop off Tony Blair's head?

Stephen Frears, the director of the Oscar-winning film The Queen, [told a German entertainment website] that "If Gordon Brown suggested Tony Blair be publicly executed, he would be popular in Britain overnight".

The best thing, really, would be for Brown to give Blair the chop and then hang himself.

Lockerbie evidence shows grave miscarriage of justice

Robert Dreyfuss: Apocalypse Afghanistan - The free, fair and popular election that wasn't

Making the world a better place through mass murder

Jacques Cousteau UNESCO Courier 1991:

In order to save the planet it would be necessary to kill 350,000 people per day.

Mikhail Gorbachev:

the ecological crisis... is the population crisis. Cut the population by 90% and there aren't enough people left to do a great deal of ecological damage.

Henry Kissinger, 1978:

U.S. policy toward the third world should be one of depopulation.

Ted Turner:

A total population of 250-300 million people, a 95% decline from present levels, would be ideal.

Margaret Sanger (founder of Planned Parenthood, funded by the Rockefellers) said in her proposed "The American Baby Code", intended to become law:

The most merciful thing that a family does to one of its infant members is to kill it.

Egon von Greyerz: A Shocking Fall

The US has lent or committed $13 trillion to prop up its collapsing financial system and economy. Virtually none of these funds have been written off yet and there will be a lot more to come in the next couple of years. It is still our view that the total cost to the US alone of the current crisis will be at least $25-30 trillion.

Holy cow!

Tutu to Haaretz: Arabs paying the price of the Holocaust

He also slammed Jewish organizations in the United States, saying they intimidate anyone who criticizes the occupation and rush to accuse these critics of anti-Semitism. Tutu recalled how such organizations pressured U.S. universities to cancel his appearances on their campuses.

"That is unfortunate, because my own positions are actually derived from the Torah. You know God created you in God's image. And we have a God who is always biased in favor of the oppressed."

Tutu also commented on the call by Ben-Gurion University professor Neve Gordon to apply selective sanctions on Israel.

"I always say to people that sanctions were important in the South African case for several reasons. We had a sports boycott, and since we are a sports-mad country, it hit ordinary people. It was one of the most psychologically powerful instruments.

The Financial Parasites Have Killed the American Economy, and They Are Sucking as Much Money Out as They Can Before Jumping Ship

The problem with parasites is not merely that they siphon off the food and nourishment of their host, crippling its reproductive power, but that they take over the host's brain as well. The parasite tricks the host into thinking that it is feeding itself.

Something like this is happening today as the financial sector is devouring the industrial sector. ...

Gaddafi son reveals Lockerbie bomber's release was linked to Tony Blair's deal for oil

Saif al-Islam al-Gaddafi insisted that the so-called 'deal with the desert' negotiated by Tony Blair had targeted Abdelbaset Ali al Megrahi and was linked to talks on trade and oil.

Evidence supports Lockerbie "bomber's" claim to innocence

As we pointed out here (see Jews hating Arabs in New Jersey).

Russia condemns Ukraine for anti-Russian policies

US envoy 'in angry Karzai talks'

This is a joke. With only 150 votes cast by 80,000 elligible voters in Helmand province, there was no electon at all. Anyhow, an election held under the guns of an occupier has no validity in international law.

Australian swine flu vaccination program in disarray

Inadequate testing and the possibility of spreading other infections means there is too high a risk patients will sue, the insurers say.

How Bernanke is cleverly trashing the dollar

The Federal Reserve has effectively been monetizing US government debt by cleverly enabling foreign central banks to swap their Agency debt for Treasury debt. The shell game that the Fed is currently playing obscures the fact that money is being printed out of thin air and used to buy US government debt.

1,000 U.S. Banks to Fail In Next Two Years

A conspiracy of silence about swine flu natural remedies

Natural remedies stink: there's no profit in them whatsoever, except to some small-time nobodies who don't fund political campaigns, provide post-elected office directorships or in any other way make like worthwhile for a politician on the make.

JePo (May 2007): Five die during arrest of Israeli surgeon on suspiscion of organ trafficking

More on this story from the late Postman Patel.

This was by no means the first time the eminent Israeli doctor had been in trouble over the use of human organs.

Bam to Israel: East Jerusalem? Sure, take it

Organ trafficing: Israel doth protest too much

Bill Moyers (1987): America's secret government (21 min You-Tube Vid)

Can we have the permanent warfare state and democracy too?

Israel sues Swedish paper over 'organ theft' article - in New York

They hadn't a hope in Sweden, presumably. New York, as occupied territory, offers a better chance.

Israeli organ theft: Those anti-Semitic Palestinian Sermites are all compulsive liars

The hysteria defense.

Donal Bostroem on Israel, freedom of the press, and personal death threats

Sweden's Foreign Minister stands up to Israeli threats over publication of Palestinian organ theft allegations

"Afghan drug trafficking brings US $50 billion a year"

Torture: Bam takes the investigation route to cover-up

UK suffered one casualty in Afghanistan for every vote

The UK has suffered more than one casualty for every vote cast in Helmand province: 37 dead and 150 wounded, for a total of 150 votes cast by 80,000 elligible voters.

Half of health workers reject swine flu shot

About half of Hong Kong's health workers would refuse the swine flu vaccine, new research says, a trend that experts say would likely apply worldwide. In a study that polled 2,255 Hong Kong health workers this year, researchers found even during the height of global swine flu panic in May, less than half were willing to get vaccinated. Most said they would pass on the swine flu shot, which is not yet available, because they were afraid of side effects and doubted how safe and effective it would be.

There Are "No Innocent Civilians in Gaza"

Hate speach is not bad, it is good just as long as you pick the right target. Hate whoever the Zionists hate and nobody's gonna dare criticize you -- not even the government.

Bankrupt financial firms kick back $6 million to members of Congress

A conflict of interest here that should but won't be criminalized.

More Links ...

Mt. Logan
Mt. Logan, Yukon Territory, Canada

Posts

2009
WHY THE U.S. ECONOMY WON'T COLLAPSE

HOW THE GLOBE & MAIL KEEPS YOU MISINFORMED

THE UNITED STATES: A PITIFUL HELPLESS GIANT

SCIENTIFIC FRAUD? DON'T WORRY

SEND REPRESENTATIVES TO PARLIAMENT, NOT PEOPLE IN NEED OF A JOB

GOOD RIDDANCE TO CORPORATE MEDIA RUBBISH

HATE SPEECH FROM THE MURDOCH MEDIA

HOW BERNANKE WILL TRASH THE DOLLAR WITHOUT ANYONE NOTICING

RECESSION IS OVER: BANK OF CANADA

ISRAEL STOKES RACE HATRED FOR ARABS

HOW AMERICA WILL GO TO WAR WITH IRAN

IN MEMORY OF EDWARD TEAGUE, aka, THE BLOGGER POSTMAN PATEL

YOU ME AND THE SPP

ORWELL, OBAMA AND DEMOCRATIC AUTHORITARIANISM

WHY AMERICA WILL NOT ATTACK IRAN

WHY AMERICA WILL ATTACK IRAN

CRAING MURRAY ON THE BNP

WHEN ANTI-RACISM MEANS SELF-DESTRUCTION

THERMITE AT THE WTC

2007
KEITH SEFFEN AND THE PROGRESSIVE COLLAPSE OF WESTERN SCIENCE

WHY OIL IS NOW OVERPRICED

SCHOLARS FOR 9/11 LIES

A PROGRAM FOR THE NEXT LIBERAL GOVERNMENT OF CANADA

SPARE A THOUGHT FOR POOR GEORGE F. WILL AND THE CORPORATE MEDIA

EUGENOCIDEe: BLAIR WON'T GO UNTIL THE YOBS ARE ANNIHILATED

OVERPOPULATION: LEARNING TO LOVE THE PLAGUE

2006
AMERICAN DUMBOCRACY
HARPER'S SORRY APOLOGY
ANTI-SEMITISM IN CANADA: HOW FRIGHTENING?

2005
GASOLINE POWERED AUTO: RIP But Not Yet

2003
BUSH'S GANG OF MAD BEEKEEPERS

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