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July 19, 2009 Washington's Dilemma: This Isn't a Recession, It's a Collapse

Nothing in the public record since the year 2000 indicates that Larry Summers, Ben Bernanke, or Tim Geithner understood that we had been building a skyscraper of private sector debt in textbook blow-off style, since the deflation scare of 2001.

The Seigniorage Curse

Much has been said the last few decades about the Oil Curse. The idea that countries with a large petroleum inheritance actually devolve over time, failing to diversify their economies. The result is often a stagnant culture and a dysfunctional political structure. ... Another country that now looks quite arrested in its development is the United States. But not because of an Oil Curse. Rather, the United States appears to have finally succumbed to its multi-decade "advantage" via dollarization. In dollarization, the US Dollar has been the world's reserve currency, and the United States economy has "enjoyed" the freedom to borrow and print ad infinitum without the usual penalties ...

Do Russian supersonic cruise missiles make the US Navy obsolete?

If Israel strkes Iran, we will find out, as the Iranians will strike back at the United States, the enabler of Israel's attack, by launching a Chinese-built version of the Russian Moskit 3M80 missile at American naval vessels in the Persian Gulf. If an aircraft carriers go to the bottom, the balance of world power will be radically altered.

Otto von Bismarck got it right: the Russo-German relationship

Assassinating people they don't like? That's what the U.S. does

The U.S. Assassinates People All The Time! Col Wilkerson & Rachel Maddow

Bill Bonner: Preparing for the new economy

As we keep saying, inflation is no sure thing, at least not in the short-run. But Chris Mayer believes that "the problem with the deflation arguments long term, it seems to me, is that you are betting against a government's ability to destroy its own currency. Governments are seldom good at anything, but one thing they are undeniably good at is destroying their own currencies. The dollar has lost 95% or so of its value since 1913. That's a pretty darn good job."

Seven amazing holes

ML Economist predicts exports will drive 10% GDP growth in Canada

Yeah, we'll be selling all those two by fours required to fuel America's housing boom. And, let's see, tourism, yeah, Americans will flock here to take advantage of the rising loonie -- not. Then? Um ...

Israel preparing to attack Iran

Meantime: Clinton warns Iran: U.S. will protect its friends

They attack you, you retaliate, then we attack you. Israel will commit the US to war.

Did MI5 kill Dr David Kelly?

... at 2.30pm (on the day Dr. Kelly disappeared), a senior policeman sat down at his computer at Thames Valley Police headquarters in Oxfordshire.

... Although its contents have never been made public, it would detail the overnight search for Dr Kelly.

Incredibly, he created this file an hour before the scientist even left home.

...Most intriguingly, at 8am, half an hour before Dr Kelly's body was discovered under the tree, three officers in dark suits from MI5's Technical Assessment Unit were at his house [where they removed his] computers and the hard-disk containing the 40,000 words of the explosive book [about Iraq's non-existent weapons of mass destruction].

UK Gov. backs serial liar and war criminal for EU President In which connection, you may wish to sign the "Stop Blair" petition.

Montreal Economic Institute: Northern Waters – A realistic, sustainable and profitable plan to exploit Quebec’s blue gold

i.e., a plan to sell water and more hydro power to the US.

Canadian opposition to the war in Afghanistan continues to climb

Most Brits want out of Afghanistan too

Craig Murray: How the BBC handles an independent candidate for Parliament

The local BBC are broadcasting a live TV debate between the "Four Main Candidates" - none of whom has anything interesting to say - on 22 July at 22.15. I am excluded lest I say something voters might actually care about. Like the need to end the war in Afghanistan, where our troops are dying to protect a government of corrupt warlords and heroin dealers, in the interests of the right of US companies to build oil and gas pipelines over Afghanistan from Central Asia.

I have of course been Ambassador to neighbouring Uzbekistan and know what I am talking about. Much better to exclude me therefore.

Pretty clear, really, why Britain's state propaganda arm broadcaster excludes the best qualified candidate from the debate.

"End the war ... troops dying to protect warlords and heroin dealers ... the right of US companies to build pipelines ..."

Does this guy have no idea what the ruling elite expect from an MP?

As for being a former ambassador, sheeshe, having someone in parliament who speaks with authority is the last thing that's required, unless they're pushing the authorized line.

Jack Granatstein/Robert Smol on why Canadians prefer peace keeping to war

Speaking for Canadians -- Not.

Why Quakers, and by inference, white people, have generally been less successful in the world than Jews

... the campaign to emancipate slaves that Quakers spearheaded in previous centuries has evolved into endless modern campaigns to aid and develop the Third World -- a practice that, as I have argued before, is a futile and dangerous exercise, whose long-term consequences conclude with the White man's extinction and the end of European civilization. Like many -- if not most -- of the philosophical and religious movements that originated in the West, Quakerism is a tonic in a homogeneous society, but becomes a toxin the moment that society becomes multiracial. Nature is not kind to egalitarians, and in the long run it has not materially rewarded Quakerism. Does this reflect God's disapproval?

One thing most Quakers would agree on is that we should not be helping colored people in Iraq and Afghanistan by bombing them.

Some, but not all. Being free of dogma Quakers beliefs come in many varieties. Membership of the meeting I was required to attend as a child included a successful manufacturer of armaments, who asserted the convenient belief that war is necessary to control population. In addition, there was conscientious objectors from WWII, a bible-thumping old testament fundamentalist, a very nice lady who shocked us all by becoming a Catholic, several red hot socialists, plus representatives of as many other points of view as there were other members.

Perhaps the most consistent feature of the Quaker code is the belief in modesty. At the school I attended, chauffeured limos were not an uncommon sight when parents were in attendance, but the old chocholate quakers, including heirs to some of the greatest English fortunes, were notable for their beat-up self-drive cars.

Silly electric cars

Fiat's electric Fiat Palio Weekend in production in Brazil; estimated cost $70,000 (U.S.)

A 70,000-dollar electric vehicle is unlikely to be any better for the environment -- if 70,000 is what it actually costs to build, than a 25,000-dollar gas-engined vehicle.

Anyhow, very few people could afford it.

What people need are cars like these, which cost only five thousand dollars, travel at up to 50 kph and would serve in place of a gas-powered vehicle for 90%-plus of most people's travelling needs.

If, for some urgent reason, you need to go to Mexico, consider a bus or rent a car.

Silly government incentive to purchase electric cars

Ontario to announce incentives for plug-in vehicles, up to $10K

We cannot afford to buy electric cars so the government is going to give us ten grand. Free money? No everybody pay. Anyone buying a $70,000-dollar car gets the incentive!

Uighur vs Afghan: A study in contrasts

The US slaughter in Afghanistan makes the Chinese creeping colonisation of Urumqi look like a picnic.

Theodore Dalrymple. Britain's culture: What's left of it -- salacious pornography as art

... for several weeks this fall an exhibition of modern British art at the Royal Academy of Art in London, called "Sensation" ... embodied fully that quintessential characteristic of modern British culture: extreme vulgarity.

TechnoRev: Physicist predicts Chinese market collapse before the week after next!

That's a brave move, so let's look at it in more detail. The theorist behind this prediction is Didier Sornette at the Swiss Federal Institute of Technology, in Zurich, who has pioneered the study of market bubbles. Last year, he used his method for spotting bubbles to reveal that oil prices where dangerously inflated.

The telltale sign of a bubble, he says, is a faster than exponential growth rate caused by a positive feedback mechanism that generates this nonlinear growth.

US Iraq Casualties Rise To 72,380

Not counting the more than 30,000 veterans whose injuries-mainly brain trauma from explosions - were diagnosed only after they had left Iraq.

Or the 16% of soldiers suffering psychological trauma.

Naomi Wolf: Obama is just a a cute fascist tyrant

"The military commissions act created a new legal reality that heralded the end of America ..."

Amnesty details Gaza 'war crimes'

When the BBC says "Gaza war crimes" they mean "Israeli war crimes". And when the put 'war crimes' in quotes, you are to understand that this is simply a claim by some flakey trouble-making outfit. Otherwise, how to explain that neither the BBC nor Barak Obama, nor Gordo Brown, nor the sanctimonious Canadian pair of humbugs Ignatieff and Harper, etc., etc., failed to raise any objection at the time.

Distortion 101:

Reuters article title:
Germany's BND denies report on Iran bomb timing
BERLIN (Reuters) - Germany's foreign intelligence agency BND denied a report in a magazine on Wednesday that its experts believe Iran is capable of producing and testing an atomic bomb within six months. ...

Drudge.com Headline linking to the above:
REPORT: Iran could have atomic bomb within 6 months

Great work Drudge.com.

Strangely, a different version of the above Reuters report appears here ...

So did Hijacked by Zionism alter the Reuters report, or did Reuters publish two stories making diametrically opposed claims at the same URL?

The very fabric of society is breaking down around us

Television, the economy, the police, the House of Commons, and, most recently, the press ... all revealed to be jam-packed with liars and bastards and graspers and bullies and turds. ...

From a Brit, this seems like a pathetic self-pitying whinge.

Nothing about Britian's enthusiastic role in creating millions of dead, maimed or displaced Iraqis, or ditto Afghans, about Britain's thriving arms trade with stinkers in Israel, Indonesia or anywhere else they have money to kill people with. Nothing about Britain's use of "intelligence" gathered through the use of torture.

Just a moan about lying newspapers and crap TV. Pathetic.

Only an idiot could have only just realized that the media are run by scum and composed of bunk.

What is the real consumer price index?

By ignoring housing prices, CPI massively understated inflation for years and the CPI is massively overstating inflation now. Thus, as both theoretical and practical matters, Greenspan and Bernanke blew it by failing to take housing prices into consideration.

Britain revokes arms licences for Israeli navy guns

Israel is very small; but it has made itself useful to the Pentagon ...

Israel's Warsaw getto

Israeli Co. uses micro-turbine as an electric vehicle range-extender: claims 60% efficiency

This makes sense. Turbines running at constant speed have a very high efficiency, so in this application the claim of 60% eficiency is credible.

With such a high efficiency, it makes sense to burn natural gas--an abundant energy source--rather than gasoline, since despite the low density, a relatively small tank of natural gas will take you a long way.

OilWatch monthly report: July 2009

Russia won't link arms reduction agreement with Iran sanctions

"There are no reasons to link these issues or count on Russia being more cooperative in toughening sanctions against Iran if there is progress in talks with the United States on further cuts in strategic offensive weapons," a [Russian Foreign Ministry] source said.

WSJ: The Economy Is Even Worse Than You Think

Microsoft to offer free Web-based Office Lite

Eric Margolis: ICY SMILES FOR OBAMA IN MOSCOW

Iran daily: British embassy staff had key unrest role

The Apocalypse for Dummies

No terrorists on Main street, or under your bed. See. The war in Afghanistan is working

Japan's robots join ranks of the unemployed

The BBC's hatchet job on 7/7 skeptics

The viewer was clearly meant to link scepticism of the governments account of 7/7 with Nazism on the one hand, and quasi-religious insanity on the other, as well as the aggressive psychological intimidation characterised by the threatening letters. The implication being that, to question the governments statements on 7/7 is to ally oneself with such people, to become a dangerous social pariah.

What wasnt mentioned was that 7/7 Ripple Effect is in fact rejected by J7, the July 7 Truth Campaign, the main organisation that affiliates those who question the governments account of the bombings. Their website contains a section entitled 7/7 Ripple Effect- a rebuttal and rejection in which MuadDib is strongly criticised for holding offensive anti-Muslim views as well as his wild claims to be the messiah. The page summarises; J7 are not in any way party to the making of the 7/7 Ripple Effect. We do not support the film, its producers, its unsubstantiated conjecture, or the sending of the film to relatives of victims or survivors.

Why then did The Conspiracy Files, a programme with the veneer of investigative journalism, emphasise the work of a rogue lunatic as the main representation of the 7/7 conspiracy theorists position?

The holocaust denier and the threatening letters were the other main points of identification with the 7/7 sceptics. Again, rogue extremists used to represent a position that for the main part encompasses law-abiding, peaceful and rational people who simply question the governments account of the bombings. It is not objective to characterise a movement by its lunatic fringe- otherwise we would regard all animal lovers as letter bombers, all Labour party members as Stalinists, all Tories as fascists, all Catholic priests as paedophiles. ...

The programme reached its climax with the mad old man who uses the name MuadDib being hunted down and confronted, Roger Cook style, by the unseen Conspiracy Files reporter. Why are you bringing the British government into disrepute? he huffily demanded, to a silent response.

A peculiar question, especially now in the wake of the expenses scandal, and almost daily revelations about how the government lied to us on rendition and torture during the Bush/Blair years, not to mention the false WMD claims, and the growing awareness that the evidence on which the case to go to war against Iraq was based was fixed. The government doesnt need a beardy weirdy who thinks hes Jesus to bring it into disrepute, its already doing a splendid job by itself.

And much more. An excellent critique of the BBC's pathetic exercise in lies, defamation, distortion and just general bollocks.

Presumably, they had nothing better with which to make their case.

But in that case, rather than destroying their own credibility, they would have done better to stick with sports, weather and the wonderful world of flying squirrels.

9/11 Truth at last. The no buildings theory

THE TRUE™ REASON why the

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French journal editor resigns for fear of reprisals for publication of WTC explosives paper

Obama's mad scientist: wants to sterilize you all and bring about the de-development of the West

He has castigated the United States as "the meanest of wealthy countries," written a justification of compulsory abortion for American women, advocated drastically lowering the U.S. standard of living, and left the door open to trying global warming "deniers" for crimes against humanity. Such is Barack Obama's idea of a clear-headed adviser on matters of scientific policy.

Hah, he's from Harvard, where they are even more insane than I had realized. Not only are they for torture, promoting the clash of civilizations and fighting world wars for American world domination, they want to kill off the human race too.

Anyhow, Bam's sure gone gangbusters on the de-development bit. I gues the sterilization won't be necessary. Everybody'll just starve.

Even a conspiracy theorist couldn't make this stuff up. The American ruling elite is barking mad.

Afghan people welcome Taliban with flowers

Pak Gov.: Osama not in Pakistan, and U.S. drone killings futile

NSA Security running amok to plug leaks about 9/11

Why would the NSA be in a panic about a few nutcase bloggers and conspiracy theorists? And why has the Obama administration "turned up the heat"? The question answers itself, really.

13 Medical specialists demand inquest into Dr David Kelly's death

Alien visitors laff at us

Doomed Humanity is not special and wont be saved by aliens says, er, aliens.

Iran claims their elections are just like ours, dodgy, disputed and irrelevant.

Fly killer Obama tackles deficit giant with Bernankes magical sword of Moredebt.

In the UK freedom means trial without jury and Iraq war inquiry in private. ...

An eggsperiment (Wimp.com Vid)

U.S.A.: Fatal decline

... the new Obama Administration ..., while making rhetorical gestures, has done little to shift US fundamental economic and military policy, [which] suggests that the options for maintaining the American Century are few. That is clear from the fact that the key players in Obama economic policy were the same persons responsible for creating the conditions of the financial disaster in the first place. The military policies in the new Administration are represented by the same persons responsible for past military misadventures. They are representing an outmoded paradigm that is in fatal decline.

America could have a pretty good century, it seems to me, just by getting on with their own business rather than trying to rule the world.

Instead they are in haste to destroy their manufacturing infrastructure, and engineering competence merely to enrich a few Wall Street shysters.

The way they are headed, the U.S. will very soon be Agentina with rockets -- although whether the rockets will work is doubtful, since every ambitious young American -- people like Chelsea Clinton, for example, knows that Wall Street is the only place to be.

As for understanding software, biotech or quantum computers, are you kidding -- that crap's for nerds and Asians.

CIA lied to Congress

Lying to Congress is what the CIA does. You know, Niger "Yella cake", Sadddam's WMD, Saddam planning to supply flying bombs to terrorists. Lying to Congress is what the CIA's for.

Von Brunn murdered? Holocaust museum conspiracy?

Pure speculation, therefore almost certainly nonsense, which is probably why it is being put out by the corpo. media and linked to the 9/11 truth movement with the objective of discrediting the latter.

JFK's Murder

JFK's Disobedience to the Powers That Be

Has great plausibility. The Kennedy's had the arrogance to follow their own road. Which probably explains why western leaders are now mostly intellectual midgets, non-entities with nothing going for them except a quick lip and a readiness to serve the plutocracy, the Zionist program and the New World Order: I mean the Blairs and the Sarkozy's, the Bush's and the Obama's, the Harper's and the Ignatieffs.

The Great Credit Contraction Cometh

In 2005, Americans saved nothing. Not even aluminum foil or string. Now, the savings rate is approaching 5% of disposable income ...

Obama: A shallow, manipulative and egotistical amateur, in over his head

And 37% of Americans agree.

U.S. National Security Agency's Q Group has 1000 people covering up evidence of government complicity in 9/11 (U-Tube)

I'd often wondered who it was that visited this site!

Hey Q Group guys, why don't you get real jobs?

Reuters employee witness police killing of 7/7 London tube "bombers"

It was their own fault. They should have blown themselves up on the underground, but they realized the "fake" bombs they'd been given by folks "running an exercise" were real, so they tried to get the hell away. Details here.

Obama declares to America: End tyranny, corruption

An American president who has "the blood of America within me" praised and scolded the continent of his ancestors Saturday, asserting forces of tyranny and corruption must yield if America is to achieve its promise.

"Yes you can," Barack Obama declared, [as] he called upon American society to to seize opportunities for peace, democracy and prosperity...

Just kidding. Bam was actually making a hypocritical racist declaration to the Africans.

CIA terminates what is believed to have been Cheney's assassination squad

Wouldn't it be a good idea for Congress to determine publicly what this program was about, who if anyone died as a result of it, and who authorized it? Not that one expects any hard questions to be asked or answered in Congress.

Gore: U.S. Climate Bill Will Help Bring About 'Global Governance'

If that's a reason to support it, then fuck it.

George Galloway: Reading Robert McNamara's obituary with great pleasure

Israel's Foreign Ministy plans to pay "talkbackers to post pro-Israel responses on websites worldwide"

So when you you see anything pro-Israel on the web just discountit as bollocks from the Israeli Government.

Robert Reich: When Will The Recovery Begin? Never

My prediction, then? Not a V, not a U. But an X. This economy can't get back on track because the track we were on for years -- featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere -- simply cannot be sustained.

The X marks a brand new track -- a new economy. What will it look like? Nobody knows. All we know is the current economy can't "recover" because it can't go back to where it was before the crash. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin.

9/11: A crime that has never been investigated as a crime (U-Tube vid)

Prof. Neils Harrit: Who is being fooled here when we are being presented with an official conspiracy theory without any proofs, without a criminal investigation, with nobody being charged for this and nobody is wanted. Osam bin Laden is not wanted by the FBI for this. ... Who are the fools?

Gordon Brown: We should not prove anti-Iran claims

Who'd believe them if they tried?

Gingrich: US should sabotage Iran's oil fields

Sounds like justification for a pre-emptive Iranian strike on America's energy infra-structure.

U.S. climate laws risk trade war: study

The U.S. could spark an escalating international trade war if it proceeds with climate change legislation that would protect energy-intensive industries from imports coming from countries with less stringent emissions controls, a congressional study concludes.

The warning is rubbish.

It is the same rubbish that has led to the globalization disaster.

The rubbish is that you stick manufacturers in the west with costly environmental protection legislation, worker health and safety legislation and any other restrictions you like, and then you tell them, sure, take you capital, take your manufacturing plant, take your R&D, and your proprietary technology, and set up a plant in Asia where you can employ dirt-cheap labor without comparable regulation and then ship the products back home where the workers you just put out of a job will be glad to save a few bucks getting cheap badly made stuff from Asia* instead of buying decent stuff made by their own compatriots.

There is no way that a sane and responsible western government can implement costly environmental regulation without imposing countervailing tarrifs on imports from countries without comparable legislation. Moreover, the same is true of labor health and safety regulations and minimum wage laws.

Any legislator who argues otherwise is a moron or a traitorous shill for globalized capital.

*Anyone in Canada who bought a pair of Canadian-made Florsheim shoes, say 20 years ago, and who has compared them with a pair of Indian-made shoes sold under the same brand name today, will know what I mean.

Robert McNamara: Why not speak ill of the dead?

The Government may be big but it's not your brother

U.S. To end free speech

Sticks and stones will break my bones but words will never hurt me (Unless they hurt my feelings, in which case the speaker should be jailed for up to ten years).

Are Americans such emotional whimps that they support this legislation?

Or are they such moral cowards or foolishly distracted idiots that they allow themselves to be denied their constitutional right of free speech?

Either way, let no one say that America leads the Free World.

America is headed straight for tyranny.

Goldman Sachs warns that stolen software can be used to manipulate markets

Which is why we so urgently need it back.

Richard Feynman explains what keeps a train on the track (Vid)

Stephen Jones, et al.: Fourteen Points of Agreement with Official Government Reports on the World Trade Center Destruction

The Open Civil Engineering Journal, 2008, 2, 35-40

Pushing pills for Eli Lilly and how it costs you

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Stories

2009
In memory of Edward Teague, aka, Lord Patel, aka Top Secret Postman Patel

YOU ME AND THE SPP

Orwell, Obama and Democratic Authoritarianism

Why America will not attack Iran

Why America will attack Iran

Craig Murray's campaign against 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

Eugenocide: Blair won't go till yobs annihilated

Overpopulation: Learning to Love the Plague

2006
American Dumbocracy

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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