CONSTITUTION SITES BY THE BIBLES WORLD LAST DAYS LEADERS.
EUROPEAN UNION CONSTITUTION (KINGOFTHEWEST)(WORLD LEADER)
(DANIEL 7:24-24 AND 9:27)
http://www.unizar.es/euroconstitucion/Treaties/Treaty_Const.htm
ISRAELI CONSTITUTION (BIBLE)(SECURITY GUARENTEED BY EU)
http://en.allexperts.com/q/Israeli-Law-936/constitution-law.htm
http://experts.cfisrael.org:81/~admin/proposals.pdf
http://www.cfisrael.org//home.html
http://www.jcpa.org/dje/articles/const-intro-93.htm
RUSSIAN CONSTITUTION (KING OF THE NORTH)(EZEKIEL 38+39)
http://www.departments.bucknell.edu/russian/const/constit.html
http://www.constitution.ru/en/10003000-01.htm
CHINA CONSTITUTION (KING OF THE EAST)(DANIEL 11:44,REV 9:12-16,16:12-16)
http://english.peopledaily.com.cn/constitution/constitution.html
EGYPT (KING OF THE SOUTH)(DANIEL 11:40-43)
http://www.uam.es/otroscentros/medina/egypt/egypolcon.htm
OTHER CONSTITUTIONS
CANADIAN CONSTITUTION
http://laws.justice.gc.ca/en/const/index.html
USA CONSTITUTION
http://www.law.cornell.edu/constitution/constitution.overview.html
UTAHS ARAB LEAGUE CONSTITUTION
http://www.mec.utah.edu/Outreach/MAL/MAL%20Club%20Constitution.pdf
PALESTINIAN CHARTER
http://www.jewishvirtuallibrary.org/jsource/Peace/PLO_Covenant.html
ISLAM CONSTITUTION
http://worldmuslimcongress.blogspot.com/2007/01/essence-of-divine-verses.html
IRAN CONSTITUTION
http://www.iranchamber.com/government/laws/constitution.php
BANK CONSTITUTION
http://www.1stconstitution.com/index.htm
FEDERAL RESERVE CONSTITUTION
http://www.academia.org/campus_reports/2002/summer_2002_4.html
http://video.google.com/videoplay?docid=5232639329002339531
http://irwinschiff.homestead.com/TRAFICANT.html
IMF CONSTITUTION
http://www.guardian.co.uk/theguardian/2002/jul/18/guardianletters2
http://www.cid.harvard.edu/cidinthenews/articles/FT_112801.html
WORLD BANK CONSTITUTION
http://www.usdoj.gov/olc/smithsonianwb.htm
http://www.nowpublic.com/politics/banco-del-sur-constitution
http://www.converge.org.nz/lac/articles/news990512b.htm
http://www.freeconstitutionblog.com/2007/01/world-bank-trouble.html
http://www.cencod.org/downloads/journals/vol%204%20no%204.pdf
Soldiers' Vote May Swing the Elections to a Tie
by Tzvi Ben Gedalyahu FEB 11,09
(IsraelNN.com) Voters gave Kadima 28 mandates in the next Knesset, one more than Likud, with almost all of Tuesday's ballots counted but not including votes of diplomats and soldiers, whose votes will be counted on Wednesday and Thursday. Their ballots are equal to five mandates.Following is the current number of estimated MKs for each party following the counting of 99% of the available votes:
Kadima 28
Likud 27
Yisrael Beiteinu (Israel Our Home) 14
Labor 13
Shas 11
United Torah Judaism (UTJ) 5
Ichud Leumi (National Union) 4
Jewish Home 3
Meretz 3
Arab parties 12
The votes of the armed forces usually tilt to the nationalist and religious parties, and are likely to create at least a tie and may even put Likud in the lead. The votes of diplomats overseas and soldiers changed the results in the last election by taking one Knesset seat away from Kadima. The number of Arab MKs also will likely be reduced after the soldiers' ballots are counted.Kadima, headed by Foreign Minister Tzipi Livni, pulled ahead of the Likud by one MK, in a surprise finish. The biggest losers are the Meretz and Labor parties, while Arab parties are currently projected to place three more legislators in the Knesset than they currently have.The Likud has the potential backing of 64 MKs, and the chances of Livni's forming a national unity government appeared nil after Yisrael Beiteinu chairman Avigdor Lieberman spelled out his conditions that it would not join a government that does not want to bring down the Hamas government in Gaza. The party also strongly favors pledging Israeli citizens to a loyalty oath, a move that Kadima rejects.Livni has declared victory by virtue of apparently winning the most mandates, but Likud leader Binyamin Netanyahu and Yisrael Beiteinu chairman Avigdor Lieberman each said that the votes for the nationalist and religious parties clearly give them the right to control the next government.
Associated Press Netanyahu, Livni declare win in Israeli election
By STEVEN GUTKIN , 02.10.09, 10:52 PM EST
Foreign Minister Tzipi Livni and hard-line rival Benjamin Netanyahu both claimed victory Tuesday in Israel's parliamentary election but official results suggested the race was too close to call.Right-wing parties - including Netanyahu's Likud Party - appear to have won a clear majority of 64 seats in the 120-seat parliament, which would give Netanyahu the upper hand in forming the next government.However, with 99 percent of the votes counted, Livni's centrist Kadima Party had 28 seats, while Likud had 27. Those results could change by a seat or two when soldiers' votes are tallied Thursday evening.The winner of the election wasn't clear in part because she could try to form a coalition with hawkish parties. It appeared one ultranationalist candidate, Avigdor Lieberman, could single-handedly determine the country's next leader with his decision of whom to join.Whoever comes out on top, the political wrangling was likely to drag on for weeks, and with it the fate of international Mideast peace efforts.A win by Livni, who favors giving up land to make room for a Palestinian state, would boost President Barack Obama's goal of pursuing an Israeli-Palestinian peace deal.A government led by Netanyahu, who opposes concessions to the Palestinians, could put Israel and the U.S. on a collision course. Netanyahu says he would allow West Bank settlements to expand and is seen as likely to contemplate military action against Iran.
Comment On This Story
With God's help, I will lead the next government, Netanyahu told a raucous crowd of cheering supporters chanting his nickname, Bibi. The national camp, led by the Likud, has won a clear advantage.
Soon after, Livni took the stage before a crowd of flag-waving supporters and flashed a V for victory sign. Today the people chose Kadima. ... We will form the next government led by Kadima.Even if Livni could overcome the formidable obstacles and become Israel's second female prime minister after Golda Meir, she would almost certainly be hindered by right-wing coalition partners opposed to her vision of giving up land in exchange for a peace deal with the Palestinians.The election was called after she failed to put together a ruling coalition when scandal-plagued Prime Minister Ehud Olmert announced he was stepping down last fall.Nevertheless, applause, cheers and whistling erupted at Kadima headquarters in Tel Aviv as television stations began reporting their exit polls, with supporters jumping up and down and giving each other high-fives and hugs.In his speech, Netanyahu told his supporters that he was proud of the gains by his hard-line party. He called for a broad-based coalition, but said he would first turn to his natural partners in the national camp, a reference to other hard-liners opposed to peace concessions.The partial results marked a dramatic slide for Netanyahu, who had held a solid lead in opinion polls heading into the election.Israelis vote for parties, not individuals. Since no party won a parliamentary majority, the leader of one of the major parties must try to put together a coalition with other factions - a process that can take up to six weeks.In coming days, President Shimon Peres will ask the leader who he believes is most capable of forming a coalition to try to put together a government.
If Livni's projected victory holds, it is likely due to a strong showing by Lieberman, who appears to have taken a sizable chunk of votes that would have otherwise gone to Netanyahu.The partial results gave Lieberman's Yisrael Beitenu Party 16 seats, placing it in third place behind Kadima and Likud - and ahead of Labor, the party that ruled Israel for decades. That gives Lieberman, who based his campaign on denying citizenship to Israeli Arabs he considers disloyal, a key role in coalition building.Lieberman said his party's strong showing means he holds the key to forming the new Israeli government. He said he had spoken to both Livni and Netanyahu and told them he could be persuaded to join either one.It is up to Lieberman who will form the next coalition, said Menachem Hofnung, a professor of political science at Hebrew University. Lieberman has emerged as the kingmaker. He is the winner of these elections, and it depends on who he sides with over the next few weeks as to who will be prime minister.Netanyahu, who was prime minister a decade ago, portrayed himself as the candidate best equipped to deal with the threats Israel faces - Hamas militants in Gaza, Hezbollah guerrillas in Lebanon and behind them an Iranian regime that Israel believes is developing nuclear weapons.
He has derided the outgoing government's peace talks as a waste of time, and said relations with the Palestinians should be limited to developing their battered economy.Livni, who has led Israel's peace talks the past year, has pledged to continue the negotiations with the moderate Palestinian government in the West Bank. At the same time, she advocates a tough line against the Hamas regime in the Gaza Strip, and was one of the architects against a bruising Israeli military offensive in Gaza last month.At Likud headquarters, activists dismissed Kadima's edge and predicted Netanyahu would be tapped to form the next government.I am certain that Netanyahu will be the next prime minister, said Likud lawmaker Gilad Erdan. Netanyahu has a clear advantage because the right-wing parties have a larger bloc. The test is not which party gets the most votes, but which candidate has the best chance to form a coalition, and that person is Benjamin Netanyahu.Kadima lawmaker Haim Ramon predicted the party would lead the next government.We are the only party that can approach both the right wing and the left, he told Channel 2 TV. But he acknowledged the results would make it difficult for anyone to govern.Israel's Palestinian peace partners in the West Bank said the next Israeli government would have to stop building settlements in the West Bank before talks could resume.
We now have clear conditions for whoever heads the Israeli government, said Rafiq Husseini, a senior aide to Palestinian President Mahmoud Abbas. The conditions for negotiations to resume begin with the immediate halt of settlement activities.
Peace talks have not included the Gaza Strip's Hamas rulers, who do not recognize Israel's right to exist and recently were the target of a devastating Israeli military offensive.In Gaza, Hamas spokesman Fawzi Barhoum said the election results don't make a difference in the lives of Palestinians because Israel is still working to eliminate the Palestinian existence.Anyone who thinks that new faces might bring change is mistaken, Barhoum said, before the exit polls were released.Associated Press writers Aron Heller and Karen Zolka in Tel Aviv, and Josef Federman and Dalia Nammari in Jerusalem contributed to this report.
Obama Official: Bibi has Grown Over the Years
by Gil Ronen FEB 11,09
(IsraelNN.com) The rightward shift in the makeup of the Knesset is a significant setback to President Obama's ambition to move quickly on Israeli-Palestinian peace, the Washington Post wrote Wednesday. The D.C. daily said that key players in the Obama administration have long and difficult memories of dealing with Binyamin Netanyahu, the Likud leader, when he was prime minister during the Clinton administration. It is no secret that U.S. officials would prefer to deal with Livni, who as foreign minister spearheaded unsuccessful talks with the Palestinians in the waning days of the Bush administration.The gains by Likud and Yisrael Beiteinu increase the prospect that a government uninterested in peace talks will emerge from the post-election efforts to form a governing coalition, the paper's writers estimated. Even if Tzipi Livni, the head of Kadima who has vowed to negotiate peace with the Palestinians, manages to cobble together a coalition after weeks of negotiations, many experts predict she will be hamstrung by her coalition partners.
A senior administration official who spoke anonymously was somewhat optimistic, however, that Netanyahu, too, would eventually come around on the issue of a Palestinian state. Even if Netanyahu wins, the official said, he's grown over the years. Getting back to the talks with the Palestinians is really the only solution.
Aaron David Miller, a former U.S. peace negotiator, compared the election result to hanging a closed for the season sign on any peacemaking for the next year or so.You may get a government good at war-making, not peacemaking, he said. It's really going to create a major headache for the administration.While Tzipi Livni has warned that electing Netanyahu would create major problems with the United States, the Washington Post analysis seems to indicate openness towards Netanyahu: Netanyahu has deep connections to the United States, and few in Israel expect him to do anything that would jeopardize American support. With U.S. mediation, Netanyahu agreed during his tenure as prime minister to a peace deal under which Palestinians received partial control over the West Bank city of Hebron. Analysts say he could be susceptible to U.S. pressure.Ephraim Inbar, director of the Begin-Sadat Center and politics professor at Bar-Ilan University, told the paper that Netanyahu will make great efforts to cultivate the president. Our most important relationship is with the U.S., and he understands that… Bibi lived for many years in the U.S. He knows how to speak to Americans. He'll do his best to please the Americans.
The Race is On: Kadima, Likud, Woo Lieberman for Coalition
by Hana Levi Julian FEB 11,09
(IsraelNN.com) The heads of the two leading parties, Kadima and Likud, have begun efforts to court the heads of the next two largest parties, Yisrael Beiteinu (Israel is Our Home) and Shas, as they race against time to form competing government coalitions.Neither party emerged a clear winner in Tuesday's election, with Kadima winning only one mandate more than Likud – a slim majority that may well disappear after the votes are counted from soldiers, hospital shut-ins and members of the diplomatic corps abroad.Kadima chairwoman Tzipi Livni met Wednesday with top party officials Chaim Ramon, Meir Sheetrit, Dalia Itzik, Tzachi HaNegbi and Avi Dichter to decide what to offer Yisrael Beiteinu chairman Avigdor Lieberman as enticement to join forces. The five officials will comprise Kadima's coalition negotiating team.
Livni spoke with Lieberman early Wednesday afternoon at her office in the Foreign Ministry in Jerusalem after meeting first with Meretz party chairman Chaim Oron. The dovish Meretz faction dropped to three Knesset seats after the polls closed. Yisrael Beiteinu, meanwhile, became the third largest party after receiving 15 mandates at the polls.At the same time, Likud chairman MK Binyamin Netanyahu was meeting with the head of the Shas Sephardic religious party, Eli Yishai, to negotiate support for his Likud-led coalition. Netanyahu is not wasting any time and has moved up his meeting with Lieberman, scheduled for Thursday, to later in the day on Wednesday to discuss the Likud's proposal for Yisrael Beiteinu to join a Likud-led coalition. Professor Yaakov Ne'eman will head the Likud's negotiating team, said Netanyahu.
Final election results won't be posted until February 18, after all the votes from soldiers and Foreign Service personnel are counted. President Shimon Peres will not begin coalition talks with political party heads until all of the results are clear, said his spokeswoman, Ayelet Frish.
SHAS,LIEBERMAN ISRAEL IS OUR HOME PROFILES
http://www.israelnationalnews.com/News/News.aspx/129898
KADIMA,LIKUD LABBOR PROFILES
http://www.israelnationalnews.com/News/News.aspx/129899
NATIONAL RELIGIOUS PARTY PROFILES
http://www.israelnationalnews.com/News/News.aspx/129897
POLES AND ELECTION RESULTS FROM ISRAEL AT 7:00 PM EST (2:00AM ISRAEL TIME)AFTER 50% OF VOTES IN.
Kadima poles 30 results 28 seats
Likud poles 28 results 27 seats
Israel is our Home poles 14 results 16 seats
Labor poles 13 results 12 seats
Shas poles 9 results 11 seats
United Torah Judaism poles 5 results 4 seats
Meretz poles 5 results 4 seats
Jewish home poles 4 results 4 seats
Hadash poles 4 results 4 seats
National Union poles 3 results 4 seats
National Democratic Assembly poles 3 results 3 seats
United Arab List 2 results 3 seats
NATIONALIST/RELIGIOUS BLOC PARTYS
LIKUD
ISRAEL IS OUR HOME
NATIONAL UNION
JEWISH HOME
SHAS
UNITED TORAH JUDAISM
LEFTWING BLOC
KADIMA
LABOR
MERETZ
RA'AM TA'AL (ARAB PARTY)
BALAD (ARAB PARTY)
HADASH (ARAB,JEWISH PARTY)
ELECTION RESULTS FROM ISRAEL AT 9:00 PM EST (4:00AM ISRAEL TIME)AFTER 92% OF VOTES IN.
Kadima 28 seats
Likud 26 seats
Israel is our Home 14 seats
Labor 12 seats
Shas 11 seats
United Torah Judaism 6 seats
Meretz 4 seats
Jewish Home 4 seats
Hadash 4 seats
National Union 4 seats
United Arab List 4 seats
National Democratic Assembly 3 seats
RANDOM NUMBER GENERATORS - VIDEO CONNECTED TO WORLD DISASTERS
http://www.youtube.com/watch?v=x5D-mCxeRno
PA Rejects both Livni and Netanyahu; Kassam Hits Sderot
by Tzvi Ben Gedalyahu FEB 10,09
(IsraelNN.com) Neither Binyamin Netanyahu nor Tzipi Livni will be able to make peace with the Palestinian Authority, PA negotiator Saeb Erakat said on Tuesday. Regardless of the coalition formed by any Israeli prime minister, the next Israeli government will be unable to deliver the requirements of peace, Erakat stated after exit polls indicated that Kadima has a narrow edge of Likud in Tuesday's balloting.
If the new Israeli government continues to expand settlements, place roadblocks and obstruct a two-state solution, we have no option but to consider it a non-partner in peace, he added said. Meanwhile, Gaza terrorists attacked the Sderot area with a Kassam rocket shortly before polling stations closed at 10 p.m. No one was injured and no damage was reported.In Samaria, gunfire was aimed at a vehicle near the town of Beit El. No injuries or damage was reported, and security personnel found 17 bullet shells.
NOW WE KNOW HOW RICH ISRAEL WILL GET FROM THIS GASLINE,THE BIBLE SAID ISRAEL WILL BE RICH IN THE LAST DAYS,AND THIS GASLINE IS WHY RUSSIA AND MUSLIMS MARCH TO ISRAEL IN THE FUTURE. READ EZEKIEL 38+39.
NOBLE ENERGY OIL DISCOVERY IN ISRAEL LEADER
http://www.nobleenergyinc.com/neiweb/index.htm
Noble Energy Announces Successful Flow Test of Tamar Natural Gas Discovery and Increases Resource Estimate FEB 10,09
HOUSTON, Feb. 10 /PRNewswire-FirstCall/ -- Noble Energy, Inc. (NYSE: NBL) announced today flow test results from the Tamar natural gas discovery in the Matan license, offshore Israel. As previously reported, the Tamar #1 well, located in approximately 5,500 feet of water and drilled to a total depth of 16,076 feet, encountered more than 460 feet of net pay in three high-quality reservoirs. Testing procedures, which were performed over a limited 59-foot section of the lowest reservoir, yielded a flow rate of 30 million cubic feet per day (Mmcf/d) of natural gas. The flow rate was limited by testing equipment available on the rig. Performance modeling indicates the well can be ultimately completed to achieve a production rate of over 150 Mmcf/d.
The pre-drill gross mean resource potential for Tamar was originally estimated at 3.1trillion cubic feet (Tcf) of natural gas. Immediately following discovery, we estimated the gross resource potential to be at least equal to the pre-drill mean estimate. After analysis of all the post-drill and production test data, the estimated gross mean resource potential of Tamar has now been increased to 5 Tcf.
The Company and its partners have elected to keep the Atwood Hunter, a semi-submersible drilling rig, offshore Israel for two additional wells. Subsequent to operations at the Tamar #1 well, the drilling rig will proceed to the Dalit exploration prospect in the Michal license. Dalit has a pre-drill gross mean resource of about 700 billion cubic feet of natural gas with an approximate 40 percent chance of success. Located in 4,500 feet of water and 28 miles offshore, the well has a proposed total depth of about 12,500 feet. Immediately after concluding operations at Dalit, the rig will be relocated to Tamar where it will drill an appraisal well to further define the resources of the structure.
Charles D. Davidson, Noble Energy's Chairman, President and CEO, said,The test results from the Tamar well confirm our initial analysis that the discovered reservoirs are very high quality. This discovery is clearly of a size for commercial development. We hope to extend the success in Israel by testing Dalit, our second prospect which is already covered by 3D. Discussions with our various partners are currently ongoing with plans to potentially conduct new seismic over our additional leads on other licenses in the area. Each incremental piece of information gathered is critically important as we continue to learn more about the potential of the Tamar discovery and this highly under-explored region. The implications of this discovery to Israel, Noble Energy, and our partners cannot be overstated, and we all have committed significant resources to better understand its scale and scope.
Noble Energy operates both the Matan and Michal licenses with a 36 percent working interest. Other interest owners are Isramco Negev 2 with 28.75 percent, Delek Drilling with 15.625 percent, Avner Oil Exploration with 15.625 percent and Dor Gas Exploration with the remaining four percent.Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company operates primarily in the Rocky Mountains, Mid-Continent, and deepwater Gulf of Mexico areas in the United States, with key international operations offshore Israel, UK and West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL. Visit Noble Energy online at www.nobleenergyinc.com.This news release may include projections and other forward-looking statements within the meaning of the federal securities laws. Any such projections or statements reflect Noble Energy's current views about future events and financial performance. No assurances can be given that such events or performance will occur as projected, and actual results may differ materially from those projected. Risks, uncertainties and assumptions that could cause actual results to differ materially from those projected include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation or other action, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy's business that are detailed in its Securities and Exchange Commission filings. Words such as anticipates,believes,expects,intends,will,should, may, and similar expressions may be used to identify forward-looking statements. Noble Energy assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law.
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this news release, such as resources, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosures and risk factors in our Forms 10-K and 10-Q, File No. 1-07964, available from Noble Energy's offices or website, http://www.nobleenergyinc.com. These forms can also be obtained from the SEC by calling 1-800-SEC-0330.SOURCE Noble Energy, Inc. 02/10/2009 CONTACT: David Larson, +1-281-872-3125, dlarson@nobleenergyinc.com, or Brad Whitmarsh, +1-281-872-3187, bwhitmarsh@nobleenergyinc.com, both of Noble Energy, Inc. 6011 02/10/2009 09:52 EST http://www.prnewswire.com
Worldwide Currency System to be Presented to U.S.A. by EU Leaders
http://www.youtube.com/watch?v=wFs99zBTRO0
EU Leaders Call for Global Currency
Kurt Nimmo Infowars October 17, 2008
If we are to believe the Washington Post, French president and current EU leader Nicolas Sarkozy has pledged to save us from nameless freewheeling bankers and traders who get the blame for the current economic crisis. British Prime Minister Gordon Brown speaks to French President Nicolas Sarkozy during the financial crisis summit gathering Eurogroup heads of state and government at the Elysee Palace in Paris.Sarkozy, Gordon Brown, and EU honcho José Manuel Barroso are talking up an international summit to discuss an urgent overhaul of the world’s financial architecture, that is to say a new Bretton Woods to establish a brand spanking new international economic order. Sarkozy has managed to grab George Bush’s ear and he will travel to Washington on Saturday to lay the groundwork for a conference. In 1944, 44 allied nations met at a resort in Bretton Woods, New Hampshire, to fiddle with monetary standards, fix exchange rates, and create the IMF and World Bank. Launching a remake of this old model — particularly in such a short time, with so many new participants — would represent a daunting challenge at any time, but particularly during the twilight of the Bush presidency and the crisis that is still jolting banks and stock markets around the world,reports the Post. Sarkozy and the EU leaders would have us believe this new Bretton Woods will call for globally coordinated regulation of the financial industry, elimination of tax havens and a compensation system in which traders are not rewarded for dangerous risk-taking, among other things. It was the demise of Bretton Woods in 1971, insists European Central Bank president Jean- Claude Trichet, that led to the abandonment of regulation and subsequent market turmoil. The explosion of the first Bretton Woods in a way could be interpreted as a rejection of discipline, said Trichet, reports Bloomberg.Gordon Brown, the former Chancellor of the Exchequer, wants to fix that turmoil with a new spate of regulations aimed at international finance. On October 13 in London, Brown said we must devise new rules for a world of global capital flows just as the founders of Bretton Woods “devised rules for a world of limited capital flows.We now have global financial markets but what we do not have is anything other than national and regional regulation and supervision, Brown lamented from Brussels.
All of this is nonsense. It should be obvious by now the bankers engineered the current crisis in order to consolidate their hold on the global economy and all the talk about rogue traders, tax havens, and over-compensated executives is merely that — talk, or more specifically a sales pitch, a slick parlor trick devised to fool the commoners. Glossed over in all the corporate media coverage is the global elite demand that a global currency be established. Europe wants to present a blueprint for a new worldwide currency system,reports the AFP in the video here.
Another subject in tomorrow’s world is that of the great currencies, Reuters reported Sarkozy musing on October 16. How many should there be? What should the agreement between these great currencies be? Should we organize a discussion? Any discussion would be purely academic, as the ruling elite long ago decided to force a global currency down our throats. In fact, a global currency is at the very core of their plan to dominate the world. Control money and you control the destiny of states, you eliminate national sovereignty. The control of money and credit strikes at the very heart of national sovereignty, A.W. Clausen, president of Bank of America once observed. As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of 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… controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.It remains to be seen if the EU will realize its solution to the world economic crisis. In 2007, Robert Mundell,the father of the euro, noted that international monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis.Certainly, the elite cooked up an appropriate global crisis, now they will engage in a full court press to establish a global currency and eventually a global government.
Global Financial Regulatory Body on the Way?
Charles Scaliger The New American Magazine October 21, 2008
With the European Union leading the way, the internationalists are preparing to exploit the recent global financial turmoil to hold a second Bretton Woods and radically restructure the world’s entire international financial system. The first Bretton Woods international conference in 1944, lest we forget, ended up saddling the world with the International Monetary Fund, the World Bank (known formally as the International Bank for Reconstruction and Development), and the General Agreement on Tariffs and Trade (GATT).This last was replaced in the mid-1990s by the WTO, a full-fledged global trade ministry — what the organizers of Bretton Woods wanted back in 1944, but found to be politically unfeasible. The Bretton Woods organizers, especially the British and American delegations, also wanted a single global monetary unit (John Maynard Keynes proposed calling it the bancor, and the Americans countered with the unitas). But what they got instead was the dollar as a de facto international currency to which all other currencies were convertible.
It’s likely that a Bretton Woods II will generate proposals for an international financial regulatory body, a counterpart to the WTO. A single world currency issued by a global central bank is another likely project, especially given that those agitating most forcefully for the conference, the EU leaders, have already successfully created the world’s first transnational central bank (the Frankfurt-based European Central Bank) and the world’s first transnational currency (the euro).
The world must change, French president Nicolas Sarkozy proclaimed shortly before arriving at Camp David along with EU Commission chief Jose Manuel Barroso to confer with President Bush. The president is offering to host the proposed international conference, although, according to an AP report, he warned … against reforms that threaten capitalism.As to a location for the conference, the Mount Washington Hotel in Bretton Woods, New Hampshire, where the 1944 conference was held, does not appear to be on the short list.Insofar as the crisis began in New York, then the global solution must be found to this crisis in New York,Sarkozy said. UN Secretary-General Ban Ki-Moon, unsurprisingly, wants to hold the conference at the UN headquarters in early December. This would lend universal legitimacy to this endeavor and demonstrate a collective will to face this serious global challenge.As for possible agenda items, British Prime Minister Gordon Brown, in a surprisingly candid October 17 editorial in the Washington Post, called for the boldest of global cooperation in confronting the crisis:This week, European leaders came together to propose the guiding principles that we believe should underpin this new Bretton Woods: transparency, sound banking, responsibility, integrity and global governance [Emphasis added.]…. To do this, we need cross-border supervision of financial institutions; shared global standards for accounting and regulation; a more responsible approach to executive remuneration that rewards hard work, effort and enterprise but not irresponsible risk-taking; and the renewal of our international institutions to make them effective early-warning systems for the world economy…. There are no Britain-only or Europe-only or America-only solutions to today’s problems. We are all in this together, and we can only resolve this crisis together…. If we do this, 2008 will be remembered not just as a year of financial crisis but as the year we started to build the world anew.
In short, world leaders are preparing to take care of unfinished business left over from Bretton Woods. A true international financial regulatory body, until now an elusive goal, is obviously going to be a top agenda item. Such an organization would effectively strip America of her financial independence, as the WTO has already done for trade. While a single global currency and world central bank may not be feasible right away, look for a treaty to emerge from the upcoming conference that will lay the foundation for such an organization down the road by committing the parties to further negotiations. This was how the euro was brought about in Europe, beginning with the Maastricht Accord that paved the way for a gradual phase-in of the international currency and the establishment of the European Central Bank.Wherever and whenever the upcoming financial conference is held, it will be used to wage war on America’s (and the rest of the world’s) financial sovereignty, to bring to fruition the long-cherished schemes of Keynes and others for a utopian new world financial order.
New World Order By Justin Fox Thursday, Feb. 05, 2009
Illustration by Harry Campbell for TIME
In recent weeks, the world has been politely standing by and watching how things play out with the fiscal stimulus and latest bank-bailout plans in Washington. Yes, there's been some grumbling overseas about buy American provisions in the stimulus bill, but for the most part, officials elsewhere don't want to step on the toes of a new President to whom they are favorably disposed. They also don't want to endanger legislation that they hope will help jump-start the global economy.Just wait a couple of months, though. Politicians from Beijing to Berlin to BrasÃlia see the current crisis as the product of a messed-up global financial infrastructure dominated by the U.S., and they will soon be pushing for big changes--whether Americans like them or not.All this will begin to gel on April 2, when the newish international organization known as the G-20--the leaders of 19 of the world's biggest national economies, plus the European Union--meets in London. An unofficial meeting has already taken place, at the World Economic Forum in Davos, Switzerland, where G-20 officials (with the conspicuous exception of those from the U.S.) made speeches, conversed in the halls and gave a sense of the direction in which the world outside the U.S. wants to head. (Read TIME's special report on Davos 2009.)
The global discussion of the financial crisis is strikingly different from the one in the U.S. Here there's still something of a debate over whether the mess is the result of too much government interference in the housing market or too little government regulation of financial markets. In the rest of the world, that's no debate: inadequate and inconsistent financial regulation is uniformly blamed. What's more, a consensus seems to have emerged among the world's finance ministers and central-bank bosses that the chief underlying cause of the crisis was an unbalanced and out-of-control system of global capital flows in which some big-spender countries (namely the U.S.) ran up huge debts while big savers (China and India, for example) hoarded surpluses.On the regulatory front, the path to a new global approach is pretty clear. Last spring the leaders of the G-7, a club of wealthy nations, agreed to create a college of supervisors to more closely coordinate regulation of multinational banks. The Group of Thirty, an influential organization of current and former central bankers and financial regulators, recommended in January that systematically significant financial institutions (those that are too big to fail) be identified in advance and subjected to higher capital requirements and tougher regulation. (See who's to blame for the financial crisis.)
Yet regulators around the world were already jointly setting bank-capital standards before the current crisis hit. A lot of good that did us. So there is also much talk about the need for a new architecture--a new Bretton Woods was a phrase that echoed around Davos--to rein in global financial flows.Bretton Woods is the mountain resort in New Hampshire where in 1944 the Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process) but exercises no real control over the global financial system.After the emerging-market currency collapses of the late 1990s, in which IMF aid wasn't much help, the lesson that emerging economies such as China and India took was that they needed to build up gigantic reserves of U.S. dollars to protect their currencies. To build those reserves, they ran big trade surpluses, which were in turn enabled mainly by record trade deficits in the U.S., which were in turn enabled by massive borrowing from around the world. It was an extremely unbalanced financial ballet, and it has now come crashing to the ground.
In the view of many outside the U.S. (and some within), the only way to limit such excesses is through a bigger, more powerful IMF that can act as a central bank to the world--and knock heads when needed. While everybody agrees that this new IMF needs to be less dominated by the U.S. and Western Europe, things get controversial as soon as you go past voting rights. Should capital flows be restricted? Should there be limits on trade deficits and surpluses? Should the IMF be able to order around even the U.S.? If the answer to any of these questions is yes, global capitalism will have entered a new and dramatically less freewheeling era.To read Justin Fox's daily take on business and the economy, go to time.com/curiouscapitalist
STORMS HURRICANES-TORNADOES
LUKE 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity;(MASS CONFUSION) the sea and the waves roaring;(FIERCE WINDS)
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.
HURRICANE SEASON 2008 HIGHLIGHTS
http://news.yahoo.com/s/wcom/20090211/we_wcom/hurricane_season2008
Twisted metal, cars in trees: tornado kills 8 FEB 11,09
CHICAGO (AFP) – A gigantic tornado killed at least eight people as it tore across the Midwestern state of Oklahoma, flattening homes and tossing cars into the air, officials said Wednesday.The out-of-season twister destroyed dozens of mobile homes, snapped power lines and bowled over buildings, leaving more than 29,000 residents without power across the state.There's nothing left ... twisted metal, cars turned upside down, cars in trees, Oklahoma highway patrol trooper Bryant Harris, who lives in the devastated hamlet of Lone Grove, told the Tulsa World newspaper.The twister, that was almost half a mile (a kilometer) across, ripped through Lone Grove shortly before 7:30 pm Tuesday (0130 GMT Wednesday), one of at least three that touched down in Oklahoma and Texas, officials said.Reports initially said 15 were killed, but the Oklahoma governor's office told AFP only eight fatalities had been confirmed.The national guard was called in to assist with search and rescue operations early Wednesday, the spokesman added.Our thoughts and prayers are with the people of Lone Grove and all of the other Oklahoma communities that have been impacted by the latest wave of severe weather, Governor Brad Henry said in a statement.We know we have lost many lives in Lone Grove and we pray the losses do not rise any higher.
Forecasters said the twisters barrelling through the famed Tornado Alley have come earlier than usual this year, fuelled by unusually warm, wet weather.It's February, but we're going to treat it like May, said Mike Foster, a meteorologist at the National Weather Service's Norman, Oklahoma office, speaking to local media.
Television networks showed footage of roofs torn off homes and buildings reduced to rubble by the storms' devastating winds.Rescue workers had been forced to suspend their search for survivors shortly after 1:00 am (0700 GMT) Wednesday because they did not have enough lights or manpower to safely work through the jagged metal and livewires hidden in rubble and debris.It's just too dangerous, Sheriff Ken Grace told The Oklahoman newspaper. We don't need to be adding any more injuries to what we already have.Another tornado hit near the state's main city of Oklahoma City, forcing diners and employees of a Mexican restaurant to huddle in the walk-in freezer as the building around them rattled.It was just unbelievable that something could come that quick, said Andrea Stephens, who emerged to find her van dented and shards of glass wedged into her seats.In the town of Edmond, a tornado destroyed an auto body shop shortly after the manager left for the day. It's just surreal, Michael Jerry told the daily. The steel girders are in a ball.The National Weather Service has issued tornado watches for the area to the east of Oklahoma.One deputy sheriff told The Oklahoman that entire families were killed in a trailer park. I'm scared to death to see what daylight brings,he said.
First rain, then ice, now Manitobans should prepare for snow Tuesday, February 10, 2009 | 10:25 AM CBC News
Freezing rain in southern Manitoba has made skating a safer mode of travel than driving. (CBC)Manitobans have been slipping, sliding and falling after two days of rain and ice across the southern portion of the province.
Now comes the snow.
The rain is expected to gradually turn into flurries by Tuesday evening and continue through to Wednesday, with up to five centimetres of snow expected to accumulate, according to CBC meteorologist John Sauder.That's going to make things a little more treacherous around the province, as the ice that has caused so many problems will be hidden.The rain has been falling since Monday morning, freezing up after settling on the ground. The conditions have caused long lists of highway closures, school closures and school bus cancellations, as well as delays and cancellations at the airport.
Airport getting back to normal
Things were beginning to return to normal Tuesday afternoon, with several highways reopening and no more cancellations being reported at Winnipeg's James Richardson International Airport.Christine Alonghi of the Winnipeg Airports Authority said the situation had vastly improved from the morning. There may still be occasional delays but only of a few minutes, she added, advising travellers to call their airlines or check the Winnipeg airport website (waa.ca) for updates.Several airlines were issuing travel advisories but not only because of the weather in Winnipeg. Conditions in other parts of the country were dicey as well on Tuesday.There is freezing rain in the east which is affecting Montreal, Toronto and Ottawa. We're also seeing…travel advisories on Vancouver for some weather conditions there, said Alonghi.
Most highways open, but still slippery
The roadways, too, were still slippery in spots around the province Tuesday afternoon, but some major highways were reopened to traffic. The Trans-Canada Highway west of Winnipeg is now open right through to Saskatchewan, as is Highway 16 between the Trans-Canada and Saskatchewan.The only highways still closed include Highway 5 between Roblin and the Saskatchewan border, and Highway 6 between Lundar and the 513 junction.The closures have caused headaches for the trucking industry. Many drivers managed to make it to Winnipeg safely Sunday night but couldn't get out Monday morning. The scenario was repeated for those who got into the city Monday night before the highways were closed again Tuesday morning.Exacerbating the situation for all drivers on Tuesday morning was a heavy shroud of fog reducing visibility.Use extreme caution, warned Tim Blazanovic, spokesperson for Manitoba Infrastructure and Transportation. If you don't have to drive, stay off the roads, period. If you do, use extreme caution and give yourself plenty of time to get where you need to go.The City of Winnipeg also pulled some of its own trucks off the road Tuesday. Vehicles collecting trash and recycling tried to get around Tuesday morning but encountered too many problems maneuvering in the back lanes and side streets.
Use extreme caution. If you don't have to drive, stay off the roads, period.
— Tim Blazanovic, Manitoba Infrastructure and Transportation.We are having great difficulty in both the front street and the back lane collections, just because on the less-travelled areas there is still a sheet of ice out there, said Darryl Drohomerski, who manages solid waste services for the city. I guess the biggest difficulty is making turns on bays and cul-de-sacs.The city wants to make sure they are sanded before proceeding, so those residents who are scheduled for garbage pick-up on Day 3 will have to wait until next week to get rid of their trash. The service was also suspended Monday.While the weather has been a mere inconvenience for some, it has also had more severe consequences — playing a role in one person's death on Monday. A man died and three others were injured in Portage la Prairie when the snow-laden roof of a farm shed collapsed. The incident is being investigated by Manitoba Workplace Safety and Health.
Hospitals keeping busy
Ditches on rural roads on Monday and Tuesday morning were littered with vehicles that had slid off the slick roadways. Even an Air Canada flight from Toronto Monday morning fishtailed and nearly went off the tarmac as it taxied to the terminal.
Manitoba Public Insurance was handling close to 2,000 accident claims and Winnipeg hospitals were busy treating people who sustained injuries in falls.The Winnipeg Regional Health Authority said on Tuesday that the number of injuries reported at emergency rooms on Monday was equal to the number in a typical week. Fortunately, the WRHA was able to staff extra doctors in three of its emergency rooms.Dr. Ricardo Lobato de Faria, medical director of the WRHA's emergency program, said the impact of the weather will be felt in hospitals long after the ice melts.There is a big impact on resources, not only for the health system but also overall in terms of the capacity of the health system to handle other cases, he said.Broken bones often require surgery and an older person who has broken a hip has an average hospital stay of about a month, he added.
EARTHQUAKES
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
Indonesia issues tsunami warningWednesday, February 11, 2009 | 10:20 AM
WASHINGTON -- Indonesia's geological agency has issued a tsunami warning after a quake with a preliminary magnitude of 7.5 struck waters off its eastern coast. It was not immediately clear if the quake caused any injuries or damage.The U.S. Geological Survey says the quake hit early Thursday and was centered 200 miles (327 kilometers) northeast of Manado, a town on Sulawesi island. It says it had a depth of about 20 miles (30 kilometers) beneath the ocean floor.The country's local geological agency says the quake had the power to trigger a tsunami.Indonesia is prone to seismic upheaval due to its location on the so-called Pacific Ring of Fire, an arc of volcanos and fault lines encircling the Pacific Basin.
FIRES AND EXPLOSIONS
REVELATION 8:7
7 The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.
Residents return to destroyed homes in Australia By TANALEE SMITH, Associated Press Writer – Wed Feb 11, 7:57 am ET
KINGLAKE, Australia – Residents of towns scorched off the map by the worst wildfires in Australia's history returned for the first time Wednesday to find twisted metal and blackened debris where their homes once stood.Police said an investigation by arson specialists turned up signs of at least one case of foul play and a suspect was being sought. For the first day since Saturday's inferno, the official death toll did not rise Wednesday. It stood at 181, though officials said it would exceed 200.Investigators are also looking into new fires that broke out overnight Tuesday. Victoria state Premier John Brumby said he was aware of several fires being lit in the Beechworth area, northeast of Melbourne.There seems little doubt that these were deliberately lit, he told reporters Wednesday.Brumby also expressed concern about the emotional impact of the sight of the destruction on survivors, especially those who had not seen television footage.Where do you start? Where do you start? said Peter Denson, standing blank-faced amid the ruins of his home in Kinglake, where at least 39 people were killed and the town all but destroyed.The carpenter, 58, has lived in Kinglake since 1977. He wants to rebuild, but his house, now a blackened pile of timber, bricks and twisted metal, was not insured. He couldn't afford it.
It's like a big atom bomb has gone off, said Denson.
After the fires, authorities sealed off some towns because the grim task of collecting bodies from collapsed buildings was proceeding slowly and because they wanted to prevent residents from disturbing potential crime scenes. Embers were still posing a threat of flare-ups.While there is free access to many areas in the fire zone, tensions rose as residents demanded to return to check on their homes, pets and whatever's left behind. Police granted some restricted access on Wednesday, and urged people to be patient.Brumby said there could be 50 to 100 fatalities just in the small township of Marysville, where so far only eight residents have been confirmed dead. The town remains sealed off.There are still deceased persons in homes, Brumby said. Police, fire officials and soldiers have been there days, but they've still not been able to identify and remove all bodies.Marysville had a population of 518 in 2006, an official census shows. It was almost completely destroyed in the fire.Arson specialists have completed the initial stage of their investigation and found six main sources of Saturday's fires.They found foul play in one case — near the town of Churchill, about 90 miles (140 kilometers) southeast of the state capital of Melbourne — and a suspect was being sought.Is there an arrest imminent? No. Are we progressing the investigation in a positive manner? Yes, said assistant commissioner Dannye Moloney, head of the massive investigation.Of the other five fire sources, four were not suspicious and one, the Marysville fire, was not yet determined. An estimated 60,000 fires burn each year in Australia, most of which are lit accidentally or by lightning strikes or power lines.
Australia's top law officer, federal Attorney General Robert McLelland, said Wednesday anyone found guilty of lighting a deadly fire could face life in prison if convicted. Prime Minister Kevin Rudd told the Seven Network late Tuesday they should be allowed to rot in jail.Residents returned to Kinglake, about 70 miles (130 kilometers) north of Melbourne, picking their way past emergency workers were removing burned debris and cutting down trees that appeared ready to fall. Power lines — the electricity supply long cut — were strewn across some streets. Some houses bore makeshift signs with messages from survivors to loved ones who might come looking for them. All out ... we shall return, said one sign. More than 400 fires ripped through Victoria on Saturday, destroying more than 1,000 houses, leaving some 5,000 people homeless, and scorching 1,100 square miles (2,850 square kilometers) of land. The blazes were fed by 60 mph (100 kph) winds, record heat and a severe drought. The Bureau of Meteorology resealed its latest information Wednesday on just how extreme Saturday's conditions were: High temperature of 115 degrees Fahrenheit (46.4 Celsius) in Melbourne shattered the city's record of 114 F set on Jan. 13, 1939 — a day known as Black Friday for wildfires that killed 71 people.Thousands of mostly volunteer firefighters were still battling more than a dozen fires across the state on Wednesday. The weather was cool, but gusting winds constantly threatened efforts to get them under control. Forecasters said temperatures could rise again by the weekend. Some of the survivors were living in tents erected by emergency services on sports fields. Others stayed with friends or at relief centers.Rudd on Wednesday ordered officials to loosen regulations giving survivors access to a package of 10 million Australian dollars ($6.6 million) cash payments. Earlier, journalist Gary Hughes, who lost his home and belongings in the fires, published account of being told by officials he could not get any money without presenting a bank statement or other identity documents. The Red Cross said its government-backed wildfire fund had received more than 33 million Australian dollars ($22 million). Indonesia pledged $1 million to help rebuild schools and other public buildings destroyed in the fire and said it would send forensic experts to help identify the dead.
FALSE TEACHERS,PROPHETS,DECIEVERS
MATTHEW 24:4-5,11,24-25
4 And Jesus answered and said unto them, Take heed that no man deceive you.
5 For many shall come in my name, saying, I am Christ; and shall deceive many.
11 And many false prophets shall rise, and shall deceive many.
24 For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.
25 Behold, I have told you before.
1 TIMOTHY 4:1-2
1 Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils;
2 Speaking lies in hypocrisy; having their conscience seared with a hot iron;
MARK 13:22-23
22 For false Christs and false prophets shall rise, and shall shew signs and wonders, to seduce, if it were possible, even the elect.
23 But take ye heed: behold, I have foretold you all things.
2 TIMOTHY 3:13
13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.
Estonians least religious in the world
ELITSA VUCHEVA Today FEB 11,09 @ 09:25 CET
Five EU members figure among the world's top 10 least religious countries, with Estonia leading the list, a new poll has shown.Just 14 percent of Estonians answered positively to the question: Is religion an important part of your daily life? according to a poll released by Gallup earlier this week.Estonia is followed by Nordic countries Sweden and Denmark, where 17 and 18 percent of those asked answered positively to the same question.The Czech Republic comes fifth at 21 percent, just after Norway (20%), while France is ninth with a quarter of French people declaring religion important in their daily life.The UK, Finland, the Netherlands, Lithuania, Latvia and Bulgaria were also among the countries where most people did not consider religion to be such an important part of their lives.By contrast, Italy, Portugal, Poland, Romania and Greece emerged as the EU's most religious members.However, no EU country has made it into the top 10 of the world's most religious states, led by Egypt – where all of those asked responded positively to the question, Bangladesh and Sri Lanka (each on 99%).Several other African countries, including Congo, Malawi and Senegal, as well as Indonesia and the United Arab Emirates are also on the list.
According to Gallup analysts Steve Crabtree and Brett Pehlam, the results of the poll could be partially explained by the fact that a population's religiosity level is strongly related to its average standard of living.Among the countries commonly seen as part of the developed world, some 38 percent consider religion important in their daily lives, while on the other hand, eight of the 11 countries in which almost all residents (at least 98%) replied positively to that question, are poorer nations in sub-Saharan Africa and Asia.The US, where two thirds of those asked replied positively, is the most religious rich-world country, with Mississippi being its most devout state (85%) and Vermont the least so (42%).It's fascinating to note that in terms of religiosity, Americans span a range that invites comparisons to some predominantly Muslim countries in the Middle East and tribal societies in Southern Africa, as well as to some relatively secular nations in Europe and developed East Asia, the analysts noted.The survey was carried in 143 countries, with an average of eight people out of 10 saying religion was an important part of their lives.
DANIEL 7:23-24
23 Thus he said, The fourth beast(THE EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADE BLOCKS)
24 And the ten horns out of this kingdom are ten kings that shall arise:(10 NATIONS) and another shall rise after them;(#11 SPAIN) and he shall be diverse from the first, and he shall subdue three kings.(BE HEAD OF 3 KINGS OR NATIONS).
German judges express scepticism about EU treaty
HONOR MAHONY Today FEB 11,09 @ 09:22 CET
Several of the eight judges in charge of examining whether the EU's Lisbon Treaty is compatible with the German constitution have expressed scepticism about the constitutional effects of further EU integration.According to reports in the German media, the debate during the crucial two-day hearing starting on Tuesday (10 Februrary) on the treaty centred on criminal law and the extent to which it should be the preserve of member states rather than the EU.The judges questioned whether the EU should be allowed to increase its powers in criminal law.Judge Herbert Landau said new EU powers in criminal justice affected core issues of German legislative authority.These are issues affecting the shared values of a people,he said.Judge Udo Di Fabio, who prepared the procedure and will deliver the judgement on the treaty, asked whether the transferral of powers to the EU really means more freedom for EU citizens.
Is the idea of going ever more in this direction not a threat to freedom? he asked, according to FT Deutschland.Judge Rudolf Mellinghoff asked whether the treaty was already in an extensive way being applied when its comes to the area of criminal sanctions in environment issues – the European Commission may sanction companies for polluting the environment.In all, four of the eight judges questioned the Lisbon Treaty.The Frankfurter Allgemeine Zeitung noted that the judges were united on one issue: that the treaty is not a work of high literature.Less-than-clear passages from the treaty were read out aloud, guaranteeing a laugh, noted the paper.
Referendum
On Wednesday, the court is to examine article 146 of Germany's constitution, which says that a referendum may be called if the constitutional order in the country is changed to the detriment of Germany's current constitution – the Grundgesetz or Basic Law.The court could therefore ask for a referendum, concludes the Suedeutsche Zeitung.The hearing is being watched keenly across Europe as all member states need to ratify the EU treaty before it can go into force.The German government, a strong supporter of the document, sent two of its senior ministers to defend it during the hearing, which is examining whether the treaty is anti-democratic by allowing the powers of national parliaments to be circumvented.The case was brought before the court by conservative MP Peter Gauweiler and several deputies from the left-wing Die Linke party.Ireland, the Czech Republic and Poland have also yet to ratify or complete ratification of the treaty.
European Commission at risk from industrial espionage
PHILIPPA RUNNER Today FEB 11,09 @ 15:37 CET
EUOBSERVER / BRUSSELS - The European Commission fears that its confidential documents are increasingly at risk from spies who use a number of covers while working in the EU capital.We are not only pointing the finger at journalists. It could be the pretty trainee with the long legs and the blonde hair, commission spokeswoman Valerie Rampi said on Wednesday (11 February).The remarks come after German paper FAZ the same day published parts of a confidential letter from the director of the commission's security services to its head of resources. The threat of espionage is increasing day by day. A number of countries, information seekers, lobbyists, journalists, private agencies and other third parties are continuing to seek sensitive and classified information,the memo, dating back to December, said.
The work is done by intelligence officers, or persons directly linked to the intelligence services who adopt a range of covers.Ms Rampi noted that the head of Belgium's security services, Alain Winants, in January told Flemish magazine MO that the presence of the European Commission and NATO make Brussels a target for Russian spies.This is something that 'in globo' has been noticed by all Western intelligence services - that the activity of the Russian services abroad has risen exponentially. That it displays a certain aggressivity, self-consciousness, Mr Winants said. Some of the European Commission's most sensitive documents relate to competition law or trade decisions that could give a financial advantage to individual corporations.
Last September, an EU trade official allegedly offered to sell secrets on upcoming import tariff rulings to reporters from UK paper the Sunday Times posing as Chinese businessmen.The European Commission also has access to texts from the EU's Situation Centre, a Brussels-based office run by EU member state secret service staff, which drafts reports on, for example, terrorism risks or war crimes fugitives, for EU foreign relations chief Javier Solana.The commission on Wednesday said that mention of journalists in the security memo in no way impacts freedom of press in the EU capital. Brussels' respect for freedom of press was in recent years put in doubt by the case of German reporter Hans-Martin Tillack. The Belgian police, allegedly acting on an informal tip about bribery from commission officials, in 2002 seized several boxes of documents, computers and mobile phones belonging to the journalists. Mr Tillack was later cleared, but the police held the materials until 2008, potentially exposing his sources to exposure and making EU officials think twice about informal contact with press. The commissioner [anti-fraud chief Siim Kallas] has the utmost respect for your profession, press freedom and the need to protect sources,Ms Rampi told journalists on Wednesday.
EU DICTATOR (WORLD LEADER)
REVELATION 17:12-13
12 And the ten horns (NATIONS) which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
13 These have one mind, and shall give their power and strength unto the beast.
REVELATION 6:1-2
1 And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
2 And I saw, and behold a white horse:(PEACE) and he that sat on him had a bow;(EU DICTATOR) and a crown was given unto him:(PRESIDENT OF THE EU) and he went forth conquering, and to conquer.(MILITARY GENIUS)
REVELATION 13:1-10
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.(THE EU AND ITS DICTATOR IS GODLESS)
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.(DICTATOR COMES FROM NEW AGE OR OCCULT)
3 And I saw one of his heads as it were wounded to death;(MURDERERD) and his deadly wound was healed:(COMES BACK TO LIFE) and all the world wondered after the beast.(THE WORLD THINKS ITS GOD IN THE FLESH, MESSIAH TO ISRAEL)
4 And they worshipped the dragon (SATAN) which gave power unto the beast:(JEWISH EU DICTATOR) and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him?(FALSE RESURRECTION,SATAN BRINGS HIM TO LIFE)
5 And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months.(GIVEN WORLD CONTROL FOR 3 1/2YRS)
6 And he opened his mouth in blasphemy against God,(HES A GOD HATER) to blaspheme his name, and his tabernacle, and them that dwell in heaven.(HES A LIBERAL OR DEMOCRAT,WILL PUT ANYTHING ABOUT GOD DOWN)
7 And it was given unto him to make war with the saints,(BEHEAD THEM) and to overcome them: and power was given him over all kindreds, and tongues, and nations.(WORLD DOMINATION)
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.(WORLD DICTATOR)
9 If any man have an ear, let him hear.
10 He that leadeth into captivity shall go into captivity: he that killeth with the sword must be killed with the sword. Here is the patience and the faith of the saints.(SAVED CHRISTIANS AND JEWS DIE FOR THEIR FAITH AT THIS TIME,NOW WE ARE SAVED BY GRACE BUT DURING THE 7 YEARS OF HELL ON EARTH, PEOPLE WILL BE PUT TO DEATH (BEHEADINGS) FOR THEIR BELIEF IN GOD (JESUS) OR THE BIBLE.
DANIEL 9:26-27
26 And after threescore and two weeks shall Messiah be cut off, but not for himself: and the people of the prince that shall come (ROMANS IN AD 70) shall destroy the city and the sanctuary;(ROMANS DESTROYED THE 2ND TEMPLE) and the end thereof shall be with a flood, and unto the end of the war desolations are determined.
27 And he( EU ROMAN, JEWISH DICTATOR) shall confirm the covenant with many for one week:( 7 YEARS) and in the midst of the week he shall cause the sacrifice and the oblation to cease,( 3 1/2 YRS) and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.
THE EU DICTATOR
REVELATION 6:1-2,13:1-3,7-9,16
1 And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
2 And I saw, and behold a white horse: and he that sat on him had a bow; and a crown was given unto him: and he went forth conquering, and to conquer.(THIS IS THE EU DICTATOR)
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.(7 HEADS ARE THE 7TH WORLD EMPIRE IN HISTORY (THE EU) AS WELL AS THE VATICAN WHICH IS BUILT ON 7 HILLS. 10 HORNS ARE 10 KINGS THAT ARISE FROM THE EU, THEN #11 COMES ON THE SCENE BECOMES THE HEAD OF 3 OUNTRIES AND THEN THE EU DICTATOR, COMES FROM 1 OF THE 3 COUNTRIES THAT RULE FOR THIS TERM. I BELIEVE THE 3 COUNTRIES RULING AT THE TIME ARE SPAIN AND 2 OF THE ORIGINAL 6 THAT STARTED THE EU. FROM 1 OF THESE 3 COUNTRIES COME THE FUTURE EU DICTATOR PRESIDENT OF THE EUROPEAN UNION WHO GUARENTEES ISRAELS SECURITY FOR A LAND FOR PEACE 7 YEAR TREATY.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.(THE JEWISH EU DICTATOR GETS HIS POWER FROM SATAN,HE COMES FROM THE OCCULT).
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.(THE DICTATOR HAS A FALSE RESURRECTION. JUST LIKE JESUS HAD A LITERAL RESURRECTION THIS DICTATOR GETS MURDERED AT THE 3 1/2 YR MARK OF THR 7 YEAR TREATY AND COMES BACK TO LIFE. THIS IS HOW HE CAN CLAIM TO BE GOD AND GET AWAY WITH IT AND CONTROL THE WHOLE EARTH.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
9 If any man have an ear, let him hear.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
DANIEL 11:36-40
36 And the king shall do according to his will;(EU PRESIDENT) and he shall exalt himself, and magnify himself above every god, and shall speak marvellous things against the God of gods, and shall prosper till the indignation be accomplished: for that that is determined shall be done.
37 Neither shall he regard the God of his fathers,(THIS EU DICTATOR IS A EUROPEAN JEW) nor the desire of women, nor regard any god: for he shall magnify himself above all.
38 But in his estate shall he honour the God of forces:(HES A MILITARY GINIUS) and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.
39 Thus shall he do in the most strong holds (CONTROL HEZBOLLAH,AL-QUAIDA MURDERERS ETC) with a strange god, whom he shall acknowledge and increase with glory: and he shall cause them to rule over many,(HIS ARMY LEADERS) and shall divide the land for gain.
40 And at the time of the end shall the king of the south(EGYPT) push at him:(EU DICTATOR PROTECTING ISRAELS SECURITY) and the king of the north(RUSSIA) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
GLOBAL TELEVISION FOR OUR FUTURE GLOBAL LEADER
By Cliff Kincaid February 10, 2009 NewsWithViews.com
Surprise and even shock were among the reactions to my recent column about how elite members of the World Economic Forum (WEF) meeting in Davos, Switzerland, were considering a proposal for a new global television network to usher in a state of global governance.It sounded authoritarian, even totalitarian, to some.
Here are more of the troubling details.
The media proposal, which was included in The Global Agenda 2009 report, is to create a new global network with the capacity to connect the world, bridging cultures and peoples, and telling us who we are and what we mean to each other. Several prominent U.S. media figures signed on to the alarming and controversial proposal.Isn’t it nice that we might have a TV network telling us who we are?And what we mean to each other? Perhaps we will learn that we are global citizens. Perhaps a global leader of some sort will tell us that. Who might that be? This outlandish and frightening proposal doesn’t come from a fringe organization. The WEF is an exclusive club of very rich and powerful people from around the world. It describes itself as an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.This year’s conference featured speeches by U.N. Secretary-General Ban Ki-moon and Chinese Premier We Jiabao. Many U.S. corporations, including some getting Wall Street bailout money, were sponsors. News Corporation, the parent of Fox News, was a strategic partner of the event.Valerie Jarrett, Assistant to the President for Intergovernmental Relations and Public Liaison, represented the Obama Administration at this year’s event and called leaders from all nations to seize gladly the duties of collaborating and boldly embrace a new era of global financial responsibility.
But the WEF also envisions cooperation and collaboration in global media ventures. It asks, How can we save journalism to help it save the world? Clearly, this is advocacy journalism on a global scale.Indeed, the list of Recommendations says it is imperative to start Communicating a global agenda, and motivating and mobilizing people to support it…Is this journalism? Or is it brainwashing and propaganda?
It says that a genuine, global voice is needed that shares a fundamental commitment to being an international media voice, and makes mention of the media voices we think of as international coming from London (the BBC), Qatar (Al-Jazeera) or Atlanta (CNN).BBC is known for its anti-American programming, Al-Jazeera for its pro-terrorist slant, and CNN for its left-wing and pro-Democratic bias.It will take innovative public-private funding to bring this new network into being, apparently meaning that the taxpayers in the U.S. will have to be soaked in order to help bring this about. But no price tag is put on the venture and no objection was apparently raised to government funding of such a network on a global basis. An overview statement does, however, decry censorship and self-censorship.Elsewhere in the report (page 31) the idea of international taxation is proposed for global action of various kinds. Perhaps this is a vehicle for raising revenue for the new global voice.The media proposal was developed by one of several Global Agenda Councils under the auspices of the WEF. The new TV network proposal was issued under the supervision of Pat Mitchell, the president of the Paley Center for Media and former President and Chief Executive Officer of the Public Broadcasting Service. She was the chair of the Global Agenda Council on the Future of Media.Other members of the Council on the Future of Media were Betsy Morgan of the left-wing Huffington Post (former general manager of CBSNews.com); Rui Chenggang of China Central Television, an official political propaganda arm of the communist regime; and Zafar Siddiqi of CNBC Arabiya, a subsidiary of General Electric which is described as a 24-hour Arabic language financial and business information channel.There is no indication in the published report that the Huffington Post executive raised any objection to working hand-in-glove with the communist propaganda channel. Is the Chinese media model a precedent for the new global network?
The conference was covered by media organizations such as CNBC, CNN, Bloomberg, Forbes and Fox, but no coverage that we could find was devoted to the proposal for a government-financed global media network. Talk about self-censorship! John J. DeGioia, President of Georgetown University and the Rapporteur of the Global Agenda Councils focusing on Society and Values, summarized the work of Mitchell’s panel. He says (page 46) that, We believe that this new moment also calls for a new media platform, across all media channels, a global non-profit CNN providing a new form of independent journalism to inform, illuminate and deepen knowledge about issues that improve the state of the world.According to DeGioia’s biography, he walks the walk and is dedicated to helping prepare young people for leadership roles in the global community. His bio adds, He is a member of the U.S. National Commission for UNESCO and Chair of its Education Committee and he represents Georgetown at the World Economic Forum and on the Council on Foreign Relations.The media council took advantage of what a description of its work said was an enormous opportunity to redefine the media and its roles in a global, interconnected society.Under the title of Recommendations (page 182), the Council on the Future of Media declares that The Council is championing a new global, independent news and information service whose role is to inform, educate and improve the state of the world—one that would take advantage of all platforms of content delivery from mobile to satellite and online to create a new global network.It goes on, In a world where there are calls for global governance as a response to a global financial crisis, where scientific research, capital flows and production chains are globalized, the media and the communities in which we imagine ourselves remain fiercely localized. Hence, a global network will work against localized or national-based systems and convince people to go global with their outlook and solutions. In other words, the new network will help undermine old-fashioned notions of national sovereignty and patriotism.There are 22 members (page 183) of the Council on the Future of Media. In addition to Mitchell and Morgan, American members include:
Alex S. Jones, former media reporter for the New York Times and now Director, Joan Shorenstein Center on the Press, Politics and Public Policy, John F. Kennedy School of Government, Harvard University.
Susan King, former Washington correspondent for ABC News and now Director, Journalism Initiative, Special Initiatives and Strategy, Carnegie Corporation of New York.
John Lavine, Dean, Medill School of Journalism Northwestern University.
Nicholas Lemann, former Washington Post reporter and now Dean, School of Journalism, Columbia University.
David Nordfors, Director, Innovation Journalism and Senior Research Scholar, Stanford Center for Innovations in Learning, Stanford University.
Monroe Price, Director, Centre for Global Communications Studies, Annenberg School for Communication, the University of Pennsylvania.
Orville H. Schell, Director, Center on US-China Relations, Asia Society.
There doesn’t appear to be one identifiable conservative member on the list. Of course, this is probably the way it was designed.2009 Cliff Kincaid.
REVELATION 1:7
7 Behold, he(KING JESUS)cometh with clouds; and every eye shall see him,(GLOBAL TV)and they also which pierced him: and all kindreds of the earth shall wail because of him. Even so, Amen.
GLOBAL TAXES AND GLOBAL TV NOW ON THE AGENDA
By Cliff Kincaid January 31, 2009 NewsWithViews.com
President Obama’s pick for Treasury Secretary, Timothy Geithner, is being urged to lay the foundation for global governance by considering international taxation measures to loot more money from U.S. taxpayers. The recommendation is included in the report, The Global Agenda 2009, which is being considered by the World Economic Forum (WEF), meeting in Davos, Switzerland, January 28 - February 1. The WEF is not an official government group but does include dozens of government, corporate and labor leaders at its annual meetings. Media companies such as News Corporation (parent of Fox News, the Fox Business Network, and the Wall Street Journal), CNBC, and Forbes are official sponsors of the WEF meeting. News Corporation is listed as one of about 100 strategic partners of the World Economic Forum. Look for live coverage on CNBC, all day every day, reports CNBC Squawk Box co-anchor Becky Quick. We kick things off at 6 a.m. Eastern time Wednesday on Squawk, with serious interviews from the headliners. Her report, however, fails to disclose that CNBC is an industry partner of the World Economic Forum this week. CNBC is a subsidiary of General Electric, whose GE Capital is receiving a $139-billion taxpayer-financed loan guarantee as part of the Wall Street bailout. CNBC’s sister networks are NBC and MSNBC.
Other industry partners of the WEF include Reuters, the British-based news agency. A Reuters story about the meeting that starts on Wednesday sounds like a press release from the organization, hailing its achievements over time but failing to note that Reuters is a sponsor of this year’s event. CNBC is advertising a No Way Back – the Road to Recovery debate hosted at the conference by CNBC’s Maria Bartiromo. One of the participants is Steve Schwarzman, Chairman, CEO and co-founder of the Chinese-funded and partly owned Blackstone Group. Representing Chinese economic dominance in what Henry Kissinger has labeled a New World Order, Chinese Premier Wen Jiabao is speaking to a special session of the conference on its first day. The event’s corporate sponsors, which pay about half a million dollars each to participate, include several failing institutions that have received tens of billions of dollars from U.S. taxpayers. They include Bank of America, Citi, Goldman Sachs, JPMorgan Chase & Co., and Morgan Stanley. These entities are termed Strategic Partners of the World Economic Forum.[Read Cliff Kincaid's book Global Bondage; The UN Plan to Rule the World] But will CNBC highlight this kind of extravagant spending when the cable business network is helping sponsor the event?
In a major embarrassment, the WEF has released a report, The Future of the Global Financial System, which acknowledges intellectual stewardship and guidance provided by a steering committee co-chaired by John Thain, the former Merrill Lynch & Co. chief executive officer who was recently ousted from Bank of America in a scandal. Thain oversaw the disastrous sale of Merrill Lynch to Bank of America and was criticized for lavish spending on office decorations, including a $1,405 waste basket and $87,784 rug. The other co-chair of the committee was David Rubenstein, co-founder and managing director of The Carlyle Group, who has been quoted as saying that China holds the key to the world economy’s future. One report notes that Rubenstein says Carlyle was an early investor in the Chinese marketplace, that its China office has hired many native-born Chinese, and the company is seeking to build its buyout and growth-capital businesses there.The Global Agenda 2009 report says that sovereign states do not adequately address problems reaching across borders and that international taxation may be needed to generate the additional resources for global governance.Could this become a source of new bailout money here and abroad?
As current global governance problems come from market failures, sovereign failures and intergovernmental failures that cross boundaries, sacrificing sovereignty for greater gain may become an option, the report says. The report says the U.N.’s Law of the Sea Treaty, which is a top priority for Senate ratification under the Obama Administration, is a measure that has earned the acceptance and compliance of most nations. The treaty would turn over oil, gas, and mineral resources to the U.N. and authorize access to them through payment of a global tax to a U.N. body. The so-called Council on Global Governance of the World Economic Forum includes Anne-Marie Slaughter, dean of the Princeton University Woodrow Wilson School of Public and International Affairs who has been picked by Secretary of State Hillary Clinton to run the State Department’s Office of Policy Planning. Slaughter wrote the 2004 book, A New World Order. In terms of media interest and backing for the controversial event, one of the co-chairs is Rupert Murdoch, chairman of News Corporation, the Fox News Channel parent company. Another co-chair is Kofi Annan, the disgraced former U.N. Secretary-General. As director of U.N. peacekeeping, Annan was accused of ignoring genocide in Rwanda. As Secretary-General, he was investigated for presiding over the oil-for-food corruption scandal involving Saddam Hussein’s Iraq regime.
Annan, however, claimed that he was exonerated by a report issued by Paul Volcker, the former U.S. Federal Reserve chairman and now one of Obama’s chief economic advisers. In the past U.S. officials have been major participants in the World Economic Forum. But it’s not clear if any of Obama’s top officials will be going to this year’s event. However, some of his labor backers, including Andrew Stern of the Service Employees International Union, and John Sweeney, president of the AFL-CIO, are listed as participants.In addition to global taxes, The Global Agenda 2009 report urges creation of a global television channel.Media has the capacity to connect the world, bridging cultures and peoples, and telling us who we are and what we mean to each other. The media can also ensure that no voice goes unheard, it says. We believe that this new moment also calls for a new media platform, across all media channels, a global non-profit CNN providing a new form of independent journalism to inform, illuminate and deepen knowledge about issues that improve the state of the world.The report doesn’t explain how this new global TV channel will be financed. But global taxes cannot be ruled out. Perhaps this new era of transparency and disclosure can start with disclosing details about media sponsorship and backing of the World Economic Forum and its plans for global governance.2009 Cliff Kincaid.
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 13:16-18
16 And he(FALSE POPE) causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM
WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
HALF HOUR DOW RESULTS WED FEB 11,2009
09:30 AM +42.05
10:00 AM +68.18
10:30 AM +21.74
11:00 AM +55.75
11:30 AM +80.92
12:00 PM +59.49
12:30 PM +45.48
01:00 PM +34.96
01:30 PM +24.29
02:00 PM -9.26
02:30 PM -6.61
03:00 PM +60.21
03:30 PM +54.88
04:00 PM +50.65 7939.53
S&P 500 833.74 +6.58
NASDAQ 1530.50 +5.77
GOLD 940.20 +26.00
OIL 36.04 -1.51
TSE 300 8768.43 -49.46
CDNX 911.04 +8.95
S&P/TSX/60 527.31 -4.44
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow -10.11%
S&P -8.42%
Nasdaq -3.32%
TSX Advances 455,declines 702,unchanged 204,Volume 1,018,413,491.
TSX Venture Exchange Advances 329,Declines 388,Unchanged 302,Volume 123,235,472.
Dow +47 points at 4 minutes of trading today.
Dow +21 points at low today.
Dow +84 points at high today so far.
GOLD opens at $925.70 today,OIL opens at $37.86 today.
BERNANKE endorses idea of SUPER REGULATOR for systemically critical institutions.SUPER REGULATOR should be top legislative priority.
AFTERNOON,NEWS,STATS
Dow -34 points at low today so far.
Dow +96 points at high today so far.
DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 2,249,declines 1,271,unchanged 114,New Highs 6,New Lows 78.
Volume 2,425,096,948
NASDAQ Advances 1,493,declines 957,unchanged 141,New highs 2,New Lows 76.
Volume 989,899,869
TSX Advances 762,declines 501,unchanged 265,Volume 1,024,862,621.
TSX Venture Exchange Advances 290,Declines 223,Unchanged 293,Volume 109,446,042.
7.5 INDONESIAN QUAKE OCCURRED,TSUNAMI WARNING ISSUED.
WRAPUP,NEWS,STATS
Dow -35 points at low today.
Dow +96 points at high today.
Dow +0.64% today Volume 269,561,255.
Nasdaq +0.38% today Volume 2,068,074,660.
S&P 500 +0.80% today Volume N/A.
Austria pleads with Europe for bail-out of east
LEIGH PHILLIPS Today FEB 11,09 @ 09:31 CET
EUOBSERVER / BRUSSELS - Austria, home to banks with massive exposure in eastern Europe, is calling on the EU to offer some €150 billion in a bail-out package for the east and warning of a banking collapse across the region that could snuff out the Alpine nation's banking system.European banks have a financial engagement of some €1.1 trillion in the region, but Vienna's financial institutions are particularly exposed, being owed €220 billion - equivalent to around three quarters of the country's GDP - that they fear may not be able to be paid back. Italy, Sweden, the Netherlands, France and Belgium are also among western Europe's big lenders to the east.To prevent the plug being pulled on the Austrian economy - until now fairly lightly hit by the economic crisis compared to other western states - Vienna wants the EU to raise the currently pledged €25 billion balance of payments assistance to central and eastern Europe to €100 billion. Austria is also calling for an additional €50 billion in balance of payments assistance to be offered to countries beyond the EU - the so-called European Neighbourhood countries - in the Balkans and further east, notably Ukraine.The monies would come from the European Investment Bank, the European Central Bank and the EU Cohesion Fund.Such a move would aid the eastern countries to establish their own bank bail-out packages and economic recovery plans, most of which, whether in the EU or not, until now have not been able to afford them. Of the €200 billion recovery package Brussels announced in November, most of the money, coming from national coffers, remains in the west.
The presidents of the Austrian and Polish chambers of commerce were in Brussels on Tuesday (10 February) to promote a similar plan based on proposals from the IMF and the Austrian central bank. Although the precise details of what Vienna would like to see have yet to be published, the Austrian chamber, close to the governing coalition, says the plans are not distinct, and have been echoed by a call by the IMF for an equal amount of EU cash to be offered to the east. Austria opened discussion of the regional bail-out at Tuesday's meeting of European finance ministers in Brussels, but the response was lukewarm from other EU member states, according to Reinhold Lopatka, secretary of state for finance.Last week, the Austrian chancellor and finance minister toured EU capitals in an unsuccessful attempt to drum up support. The finance minister is also to head to Croatia, Ukraine, Bulgaria and Romania on Wednesday to forge an alliance in support of the package, said a figure close to the government.Germany in particular, believing it will be stuck with the bill, is stiffly opposed, despite heavy eastern exposure itself.We do not want to get lost in any future rescue measures, said German finance minister Peer Steinbrueck speaking to reporters after the Brussels meeting. Austrian banks are over-proportionally engaged in the east, he continued. It's a legitimate national interest, he concluded, meaning not an issue of wider concern.Mr Lopatka hit back, saying that the problem had broader implications than losses for domestic banks. Austria may well be more [extended] than others, but it is more of an EU question.Without a regional bail-out, he warned, eastern Europe will start to collapse.
Orgy of lending
The economic crisis has hit both new EU member states in the east and countries beyond the bloc sandwiched between the EU and Russia much harder than it has hit most western member states.High growth rates fuelled by cheap and easy foreign credit have been replaced by a sharp decline in demand for exports, a decrease in investment and the near impossibility of accessing finance and loans for businesses.
Meanwhile, devaluation threatens businesses that have borrowed heavily in foreign currency. Unemployment is soaring and civil unrest, particularly by farmers and young people, has hit a number of capitals.Latvia's economy contracted 10.5 percent in the last quarter of 2008, according to figures released on Monday, while analysts fear Ukraine is on the verge of bankruptcy. Hungary, Bulgaria and Romania have also been badly hit.In recent years, western European banks went on an orgy of lending and buying up the local financial sector. As early as 1 December, a group of six western banks - Italy's UniCredit and Intesa, Austria's Erste and Raiffeisen, Belgium's KBC and France's Societe Generale - sent a letter to the European Commission requesting a regional financial aid package for the east, according to a Bloomberg report published last week.Separately, the Institute of International Finance, the global association of financial institutions, is to lobby governments for the package ahead of April's G20 summit in London.
One European family
Warning of dangers to the European economy and social stability, Christoph Leitl, president of the Austrian chamber of commerce, told reporters it was not simply about saving Austrian banks.We are one European family. The central and eastern European nations are the weaker children of that family, he said, but we must take care of the weaker child. It is our common responsibility.He also cautioned that if Brussels did not act in the east, Moscow would.Russia is helping in a very efficient way to pick these countries up and take them back into closer connection. There is a competition between the EU and Russia over which family the east belongs to.
Ukrainian Prime Minister Yulia Tymoshenko said on Monday that the country had approached Moscow requesting a €3.8 billion ($5bn) emergency loan.According to Heinz Kogler, EU co-ordinator of the Austrian chamber of commerce, Germany's blocking of the bail-out is actually quite consistent with what they have been saying since the beginning of the crisis. They have always opposed any pan-European initiatives.They want nothing more than efforts at the national level because they worry they will have to pay for such EU-level schemes.He said the Austrian government had acted on the matter as a result of the galloping escalation of the crisis in the last couple of weeks and that if the EU did not move soon, There will be a complete collapse of the region, taking Austria with it.
Gordon Brown calls for World Bank and IMF reform ,Gordon Brown said the International Monetary Fund and the World Bank need major overhauls because they are not equipped to deal with the global recession in their current forms.By Angela Monaghan 5:39PM GMT 09 Feb 2009
Setting out the aims of the G20 summit in London to a group of economists and academics on Monday, the Prime Minister said leaders should use the event in April as an opportunity to reform the institutions.I believe the IMF and World Bank will have to change their role quite dramatically. These institutions were built for a world of local capital flows, not global capital flows. The institutions we have inherited are not equipped for the tasks we have to deal with in the future.He said bold solutions were needed to avert future crises and suggested that changes are needed to the way the institutions are funded: I see a big argument about how the IMF and the World Bank are to be financed, one that will require us to talk about the reserves in different countries, talk about what sort of loan or bond facility we can develop, perhaps with the Arab states, even sovereign wealth funds, he said.
Dominique Strauss-Kahn, the managing director of the IMF, warned over the weekend that the fund could run out of money to fight the financial crisis in as little as six months.The Prime Minister said the world required an authoritative early-warning system to spot future problems. We've never given anybody sufficient teeth that their views are treated seriously, that people have to act when those warnings are given, he said.Mr Brown added the IMF should act as a more sophisticated surveillance system, while the World Bank should increase its resources and play a greater role in environmental development.
EU scrambles for co-ordinated action on troubled assets ANDREW WILLIS
10.02.2009 @ 17:50 CET
European Union finance ministers agreed on Tuesday (10 February) to co-ordinate their different approaches to dealing with toxic assets.Czech finance minister Miroslav Kalousek, whose country currently holds the EU's six-month rotating presidency, said ministers adopted common lines of communication and highlighted the need for transparency, fair competition and public support. Many European banks currently hold large volumes of toxic or impaired assets such as unpaid loans or share holdings in stricken companies. EU governments feel that the containment of these assets is crucial to restoring public confidence and the restarting of credit flows to businesses. However, the question of how to value such assets, many of which now are deemed worthless at current market prices, has proved a sticking point thus far. We need to have clear guidelines on how to evaluate assets and clear guidelines on which assets are viable for these kind of support schemes, economy commissioner Joaquin Almunia said Tuesday after attending the meeting of finance ministers. The commission has announced its intention to present guidelines for the treatment of impaired assets, just as we did in the past with re-capitalisation and bank guarantee schemes,he said.The guidelines, to be presented in a couple of weeks, will provide a framework for assessing the value of these assets, which assets should be eligible for the support schemes, and the conditions that should be imposed on the banks choosing to take up support measures.
A further threat to fiscal stability?
In recent weeks, investors have become increasingly wary of lending money to countries with ballooning budget deficits. Some now question whether the government purchase of toxic assets and the inevitable costs this will entail might not be a further destabilising factor, leading to increased market concern. The more assets the governments buy, the greater their liability and the greater their risk of [credit agency] downgrading, Rym Ayadi, a senior research fellow with the Centre for European Policy Studies, told this website. Indeed, it is hard to square the stated desire of many EU governments for fiscal prudence with the large-scale purchase of devalued assets at inflated prices. You need to assess the cost of each option for the taxpayer, said Ms Ayadi on the various schemes now being considered which include bad banks and complicated asset insurance schemes.There are a lot of fundamental questions and I think the governments are stretching public opinion, she added.Czech Prime Minister Mirek Topolanek said on Tuesday: The response of the eurozone countries to the financial and economic crisis deformed the joint project of the euro more than any other imaginable event.Extending this concern to the union in general, Ms Ayadi said that there was a strong need for co-ordinated approach to the financial crisis for the benefit of the EU.
BERNANKE TODAY STORY
http://www.thenewstribune.com/nationandworld/story/622552.html
GEITHNER STORY
http://www.greenfaucet.com/economy/will-geithner-disappoint-excerpts-from-upcoming-speech/78390
http://www.fxstreet.com/technical/market-view/daily-forex-outlook/2009-02-11.html
http://www.forbes.com/feeds/ap/2009/02/10/ap6035282.html
http://abclocal.go.com/wpvi/story?section=news/politics&id=6650774
VIDEO - RON PAUL GRILLS BERNANKE
http://www.youtube.com/watch?v=XS6Y8lxig30
LINKS TO BERNANKE STORY TO READ IF YOU WANT
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=80690
US Federal Reserve Chairman Ben S. Bernanke, Federal Reserve Programs To Strengthen Credit Markets And The Economy - Before the Committee On Financial Services, U.S. House Of Representatives, Washington, D.C., February 10, 2009
Chairman Frank, Ranking Member Bachus, and other members of the Committee, I appreciate this opportunity to provide a brief review of the Federal Reserve's various credit programs, including those relying on our emergency authorities under Section 13(3) of the Federal Reserve Act. I will also discuss the Federal Reserve's ongoing efforts to inform the Congress and the public about these activities.
Federal Reserve Programs to Strengthen Credit Markets and the Economy
As you know, the past 18 months or so have been extraordinarily challenging for policymakers around the globe, not least for central banks. The Federal Reserve has responded forcefully to the financial and economic crisis since its emergence in the summer of 2007. Monetary policy has been especially proactive. The Federal Open Market Committee (FOMC) began to ease monetary policy in September 2007 and continued to ease in response to a weakening economic outlook. In December 2008, the Committee set a range of 0 to 25 basis points for the target federal funds rate.
Although the target for the federal funds rate is at its effective floor, the Federal Reserve has employed at least three types of additional tools to improve the functioning of credit markets, ease financial conditions, and support economic activity.
The first set of tools is closely tied to the central bank's traditional role of providing short-term liquidity to sound financial institutions. Over the course of the crisis, the Fed has taken a number of extraordinary actions, including the creation of a number of new facilities for auctioning short-term credit, to ensure that financial institutions have adequate access to liquidity. In fulfilling its traditional lending function, the Federal Reserve enhances the stability of our financial system, increases the willingness of financial institutions to extend credit, and helps to ease conditions in interbank lending markets, reducing the overall cost of capital to banks. In addition, some interest rates, including the rates on some adjustable-rate mortgages, are tied contractually to key interbank rates, such as the London interbank offered rate (Libor). To the extent that the provision of ample liquidity to banks reduces Libor, other borrowers will also see their payments decline.
Because interbank markets are global in scope, the Federal Reserve has also approved bilateral currency liquidity agreements with 14 foreign central banks. These so-called swap facilities have allowed these central banks to acquire dollars from the Federal Reserve that the foreign central banks may lend to financial institutions in their jurisdictions. The purpose of these liquidity swaps is to ease conditions in dollar funding markets globally. Improvements in global interbank markets, in turn, promote greater stability in other markets at home and abroad, such as money markets and foreign exchange markets.
The provision of short-term credit to financial institutions exposes the Federal Reserve to minimal credit risk, as the loans we make to financial institutions are generally short-term, overcollateralized, and made with recourse to the borrowing firm. In the case of the currency swaps, the foreign central banks are responsible for repaying the Federal Reserve, not the financial institutions that ultimately receive the funds, and the Fed receives an equivalent amount of foreign currency in exchange for the dollars it provides foreign central banks.
Although the provision of ample liquidity by the central bank to financial institutions is a time-tested approach to reducing financial strains, it is no panacea. Today, concerns about capital, asset quality, and credit risk continue to limit the willingness of many intermediaries to extend credit, notwithstanding the access of these firms to central bank liquidity. Moreover, providing liquidity to financial institutions does not directly address instability or declining credit availability in critical nonbank markets, such as the commercial paper market or the market for asset-backed securities.
To address these issues, the Federal Reserve has developed a second set of policy tools which involve the provision of liquidity directly to borrowers and investors in key credit markets. For example, we have introduced facilities to purchase highly rated commercial paper at a term of three months and to provide backup liquidity for money market mutual funds. In addition, the Federal Reserve and the Treasury have jointly announced a facility--expected to be operational shortly--that will lend against AAA-rated asset-backed securities collateralized by recently originated student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration. Unlike our other lending programs, this facility combines Federal Reserve liquidity with capital provided by the Treasury. If the program works as planned, it should help to restart activity in these key securitization markets and lead to lower borrowing rates and improved access in the markets for consumer and small business credit. This basic framework could also be expanded to accommodate higher volumes as well as additional classes of securities, as circumstances warrant.
These special lending programs have been set up to minimize credit risk to the Federal Reserve. The largest program, the commercial paper funding facility, accepts only the most highly rated paper. It also charges borrowers a premium, which is set aside against possible losses. As just noted, the facility that will lend against securities backed by consumer and small-business loans is a joint Federal Reserve-Treasury program; capital provided by the Treasury from the Troubled Asset Relief Program will help insulate the Federal Reserve from credit losses (and the Treasury will receive most of the upside from these loans).
The Federal Reserve's third set of policy tools for supporting the functioning of credit markets involves the purchase of longer-term securities for the Fed's portfolio. For example, we recently announced plans to purchase up to $100 billion of the debt of government-sponsored enterprises (GSEs), including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, and up to $500 billion in agency-guaranteed mortgage-backed securities (MBS) by midyear. The objective of these purchases is to lower mortgage rates, thereby supporting housing activity and the broader economy.
The Federal Reserve is engaged in an ongoing assessment of the effectiveness of its credit-related tools. Measuring the impact of our programs is complicated by the fact that multiple factors affect market conditions. Nevertheless, we have been encouraged by the responses to these programs, including the reports and evaluations offered by market participants and analysts. Notably, our lending to financial institutions, together with actions taken by other agencies, has helped to relax the severe liquidity strains experienced by many firms and has been associated with considerable improvements in interbank lending markets. For example, we believe that the aggressive liquidity provision by the Fed and other central banks has contributed to the recent declines in Libor and is a principal reason that liquidity pressures around the end of the year--often a period of heightened liquidity strains--were relatively modest. There is widespread agreement that our commercial paper funding facility has helped to stabilize the commercial paper market, lowering rates significantly and allowing firms access to financing at terms longer than a few days. Together with other government programs, our actions to stabilize the money market mutual fund industry have also shown some measure of success, as the sharp withdrawals from funds seen in September have given way to modest inflows. And our purchases of agency debt and MBS seem to have had a significant effect on conforming mortgage rates, with rates on 30-year fixed-rate mortgages falling close to a percentage point since the announcement of the program. All of these improvements have occurred over a period in which the economic news has generally been worse than expected and conditions in many financial markets, including the equity markets, have worsened.
We evaluate existing and prospective programs based on the answers to three questions: First, has normal functioning in the credit market in question been severely disrupted by the crisis? Second, does the Federal Reserve have tools that are likely to lead to significant improvement in function and credit availability in that market, and are the Federal Reserve's tools the most effective methods, either alone or in combination with those of other agencies, to address the disruption? And third, do improved conditions in the particular market have the potential to make a significant difference for the overall economy? To illustrate, our purchases of agency debt and MBS meet all three criteria: The mortgage market is significantly impaired, the Fed's authority to purchase agency securities gives us a straightforward tool to try to reduce the extent of that impairment, and the health of the housing market bears directly and importantly on the performance of the broader economy.
The Use of Authorities Under Section 13(3) of the Federal Reserve Act
Section 13(3) of the Federal Reserve Act authorizes the Federal Reserve Board to make secured loans to individuals, partnerships, or corporations in unusual and exigent circumstances and when the borrower is unable to secure adequate credit accommodations from other banking institutions. This authority, added to the Federal Reserve Act in 1932, was intended to give the Federal Reserve the flexibility to respond to emergency conditions. Prior to 2008, credit had not been extended under this authority since the 1930s.1 However, responding to the extraordinarily stressed conditions in financial markets, the Board has used this authority on a number of occasions over the past year.
Following the Bear Stearns episode in March 2008, the Federal Reserve Board invoked Section 13(3) to make primary securities dealers, as well as banks, eligible to borrow on a short-term basis from the Fed.2 This decision was taken in support of financial stability, during a period in which the investment banks and other dealers faced intense liquidity pressures.3 The Fed has also made use of the Section 13(3) authority in its programs to support the functioning of key credit markets, including the commercial paper market and the market for asset-backed securities. In my view, the use of Section 13(3) in these contexts is well justified in light of the breakdowns of these critical markets and the serious implications of those breakdowns for the health of the broader economy. As financial conditions improve and circumstances are no longer unusual and exigent, the programs authorized under Section 13(3) will be wound down, as required by law. Other components of the Federal Reserve's credit programs, including our lending to depository institutions, liquidity swaps with other central banks, and purchases of agency securities, make no use of the powers conferred by Section 13(3).
In a distinct set of activities, the Federal Reserve has also used its Section 13(3) authority to support government efforts to stabilize systemically critical financial institutions. The Federal Reserve collaborated with the Treasury to facilitate the acquisition of Bear Stearns by JPMorgan Chase & Co. and to prevent the failure of the American International Group (AIG), and we worked closely with the Treasury and the Federal Deposit Insurance Corporation to help to stabilize Citigroup and the Bank of America. In the cases of Bear Stearns and AIG, as part of a strategy to avoid impending defaults by the companies, the Federal Reserve made loans against pools of collateral.
Activities to stabilize systemically important institutions seem to me to be quite different in character from the use of Section 13(3) authority to support the repair of credit markets. The actions that the Federal Reserve and the Treasury have taken to stabilize systemically critical firms were essential to protect the financial system as a whole, and, in particular, the financial risks inherent in the credits extended by the Federal Reserve were, in my view, greatly outweighed by the risks that would have been faced by the financial system and the economy had we not stepped in. However, many of these actions might not have been necessary in the first place had there been in place a comprehensive resolution regime aimed at avoiding the disorderly failure of systemically critical financial institutions. The Federal Reserve believes that the development of a robust resolution regime should be a top legislative priority. If the specification of this regime were to include clear expectations of the Federal Reserve's role in stabilizing or resolving systemically important firms--a step we very much support--then the contingencies in which the Fed might need to invoke emergency authorities could be tightly circumscribed.
Transparency and Disclosure
I would like to conclude by discussing the Federal Reserve's ongoing efforts to inform the Congress and the public about its various lending programs.
I firmly believe that central banks should be as transparent as possible, both for reasons of democratic accountability and because many of our policies are likely to be more effective if they are well understood by the markets and the public. During my time at the Federal Reserve, the FOMC has taken important steps to increase the transparency of monetary policy, such as moving up the publication of the minutes of policy meetings and adopting the practice of providing longer-term projections of the evolution of the economy on a quarterly basis. Likewise, the Federal Reserve is committed to keeping the Congress and the public informed about its lending programs and balance sheet. For example, we continue to add to the information shown in the Fed's H.4.1 release, which provides weekly detail on the balance sheet and the amounts outstanding for each of the Federal Reserve's lending facilities. Extensive additional information about each of the Federal Reserve's lending programs is available online, as shown in the appendix to this testimony. Pursuant to a requirement included in the Emergency Economic Stabilization Act passed in October, the Fed also provides monthly reports to the Congress on each of its programs that rely on the Section 13(3) authorities. Generally, the Fed's disclosure policies are consistent with the current best practices of major central banks around the world.
That said, recent developments have understandably led to a substantial increase in the public's interest in the Fed's balance sheet and programs. For this reason, we at the Fed have begun a thorough review of our disclosure policies and the effectiveness of our communication. Today I would like to mention two initiatives.
First, to improve public access to information concerning Fed policies and programs, Federal Reserve staff are developing a new website that will bring together in a systematic and comprehensive way the full range of information that the Federal Reserve already makes available, supplemented by new explanations, discussions, and analyses. Our goal is to have this website operational within a few weeks.
Second, at my request, Board Vice Chairman Donald Kohn has agreed to lead a committee that will review our current publications and disclosure policies relating to the Fed's balance sheet and lending policies. The presumption of the committee will be that the public has a right to know, and that the nondisclosure of information must be affirmatively justified by clearly articulated criteria for confidentiality, based on factors such as reasonable claims to privacy, the confidentiality of supervisory information, and the effectiveness of policy.
Thank you.I will be pleased to respond to your questions.
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Appendix: Online Sources of Information on the Federal Reserve's Balance Sheet and Lending Programs
Information Regarding Recent Federal Reserve Actions
Board of Governors of the Federal Reserve System, Information Regarding Recent Federal Reserve Actions, website.
H.4.1 Statistical Release
Board of Governors of the Federal Reserve System, H.4.1 Statistical Release, Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks.
Open Market Desk Annual Report
Federal Reserve Bank of New York, Markets Group (2009). Domestic Open Market Operations during 2008 (392 KB PDF), report prepared for the Federal Open Market Committee, January.
Agency Discount Notes
Federal Reserve Bank of New York (2008).Statement Regarding Planned Purchases of Agency Debt,press release, September 19.
Agency Purchase Program
Federal Reserve Bank of New York (2008). FAQs: Purchasing Direct Obligations of Housing-Related GSEs,website, December 3.
Agency Mortgage-Backed Securities Purchase Program
Federal Reserve Bank of New York (2008).FAQs: MBS Purchase Program,website, December 30.
Term Primary Credit
Board of Governors of the Federal Reserve System (2007).Federal Reserve Board Discount Rate Action,press release, August 17.
Term Auction Facility
Board of Governors of the Federal Reserve System (2007).Federal Reserve and Other Central Banks Announce Measures Designed to Address Elevated Pressures in Short-Term Funding Markets,press release, December 12.
------------ (2009).Term Auction Facility Questions and Answers, website, January 12.
Primary Dealer Credit Facility
Federal Reserve Bank of New York (2008).Federal Reserve Announces Establishment of Primary Dealer Credit Facility,press release, March 16.
------------ (2008).Primary Dealer Credit Facility: Frequently Asked Questions, website, December 8.
Term Securities Lending Facility
Federal Reserve Bank of New York (2008).Term Securities Lending Facility: Frequently Asked Questions,website, December 2.
TSLF Options Program
Federal Reserve Bank of New York (2008).SOMA TSLF Options Program: Frequently Asked Questions,website, December 2.
Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility
Board of Governors of the Federal Reserve System (2008).Board Approves Two Interim Final Rules in Connection with Initiative to Provide Liquidity to Markets by Extending Loans to Banking Organizations to Finance Their Purchases of High-Quality Asset-Backed Commercial Paper (ABCP) from Money Market Mutual Funds,press release, September 19.
Commercial Paper Funding Facility
Federal Reserve Bank of New York (2009).Commercial Paper Funding Facility: Frequently Asked Questions,website, January 23.
Money Market Investor Funding Facility
Federal Reserve Bank of New York (2009).Money Market Investor Funding Facility: Frequently Asked Questions,website, January 7.
Term Asset-Backed Securities Loan Facility
Federal Reserve Bank of New York (2009).Term Asset-Backed Securities Loan Facility: Frequently Asked Questions,website, February 6.
Bear Stearns
Federal Reserve Bank of New York (2008).Statement on Financing Arrangement of JPMorgan Chase's Acquisition of Bear Stearns,press release, March 24.
------------ (2008).Summary of Terms and Conditions Regarding the JPMorgan Chase Facility,press release, March 24.
American International Group (AIG)
Board of Governors of the Federal Reserve System (2008).Federal Reserve Board and Treasury Department announce restructuring of financial support to AIG, November 10.
Citigroup
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and U.S. Department of the Treasury (2008).Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup,joint press release, November 23.
------------ (2008).Summary of Terms (42 KB PDF),term sheet, November 23.
Bank of America
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and U.S. Department of the Treasury (2009). Treasury, Federal Reserve, and the FDIC Provide Assistance to Bank of America,joint press release, January 16.
------------ (2009).Summary of Terms (77 KB PDF),term sheet, January 15.
Supplementary Financing Program
U.S. Department of the Treasury (2008).Treasury Announces Supplementary Financing Program,press release, September 17.
Federal Reserve Bank of New York (2008).Statement Regarding Supplementary Financing Program,statement, September 17.
Central Bank Liquidity Swaps
Board of Governors of the Federal Reserve System (2008).Federal Reserve, Banco Central do Brasil, Banco de Mexico, Bank of Korea, and Monetary Authority of Singapore Announce the Establishment of Temporary Reciprocal Currency Arrangements, press release, October 29.
------------ (2008).Federal Reserve and Other Central Banks Announce Further Measures to Address Elevated Pressures in Funding Markets, press release, September 18.
------------ (2008).Federal Reserve and Reserve Bank of New Zealand Announce the Establishment of a Temporary Reciprocal Currency Arrangement,press release, October 28.
------------ (2008).Federal Reserve and Other Central Banks Announce Additional Measures to Address Elevated Pressures in Funding Markets,press release, September 24.
------------ (2007).Federal Reserve and Other Central Banks Announce Measures Designed to Address Elevated Pressures in Short-Term Funding Markets, press release, December 12.
Selected Federal Reserve System Speeches and Articles
Bernanke, Ben S. (2009). The Crisis and the Policy Response, speech at Stamp Lecture, London School of Economics, London, England, January 13.
Bernanke, Ben S. (2008).Federal Reserve Policies in the Financial Crisis, speech at the Greater Austin Chamber of Commerce, Austin, Texas, December 1.
Evans, Charles (2009).Economic Update,speech, January 15.
Fettig, David (2008).The History of a Powerful Paragraph: Section 13(3) Enacted Fed Business Loans 76 Years Ago, The Region, Federal Reserve Bank of Minneapolis, June.
Federal Reserve Bank of San Francisco (2009). Fed Views (the topic regards unconventional monetary policy actions and the economic outlook), Economic Research and Data website, January 8.
Plossser, Charles (2009).The Economic Outlook and Some Challenges Facing the Federal Reserve (80 KB PDF),speech, January 14.
Willardson, Niel (2008).Actions to Restore Financial Stability: A Summary of Recent Federal Reserve Initiatives, The Region, Federal Reserve Bank of Minneapolis, December.
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Footnotes
1. The Federal Reserve invoked this provision twice in the 1960s to authorize lending but no credit was drawn. Return to text
2. Primary dealers are broker-dealers that trade in U.S. government securities with the Federal Reserve Bank of New York. The New York Fed's Open Market Desk engages in trades on behalf of the Federal Reserve System to implement monetary policy. Return to text
3. Most other major central banks already provide short-term credit to a broader range of financial institutions, so in making this change, the Fed was conforming to international practice for the period of the financial emergency. Return to text
2009 Testimony
I WRITE NEWS ABOUT AND PUT NEWS ARTICLES ABOUT ISRAEL AND JERUSALEM PERTAINING TO BIBLE PROPHESY HAPPENINGS.JOEL 3:20 But Judah (ISRAEL) shall dwell for ever, and Jerusalem from generation to generation.(THATS ISRAEL-JERUSALEM WILL NEVER BE DESTROYED AGAIN)-WE CHRISTIANS ARE ALL WAITING PATIENTLY FOR THE PRE-TRIBULATION RAPTURE TO OCCUR.SO WE CAN GO TO JESUS AND GET OUR NEVER DYING BODIES.SO WE CAN RULE OVER CITIES OURSELVES.WHILE JESUS RULES FROM DAVIDS THRONE FOREVER IN JERUSALEM.
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Wednesday, February 11, 2009
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