209 TO AUDIT FED BILL CLOSE TO PASSING

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).

Brussels outlines justice priorities for next 5 years
ELITSA VUCHEVA Today JUNE 10,09 @ 17:39 CET

EUOBSERVER / BRUSSELS – The European Commission on Wednesday (10 June) presented the priorities it would like the EU to focus on in the realm of justice for the next five years, including increased security co-operation and improved immigration management.
The paper presented by the EU executive calls for tighter border controls and says member states should exchange more information on criminal and security matters, as well as increase police co-operation in general. Closer co-operation is needed to better tackle organised crime and terrorism, EU justice commissioner Jacques Barrot, whose cabinet drafted the document, said at a press conference in Brussels. Organised crime progresses without caring about national frontiers,he stressed.One way to work on this would be to set up an exchange programme for police officers – an Erasmus programme for the police – and improve the one that exists in that respect for judicial staff, the commissioner said.The draft also focuses on citizens' rights and calls on member states to ensure they fully implement EU legislation on free movement of people in the bloc.It also says court decisions issued in another member state should be recognised faster, without intermediate procedures, in order to allow EU citizens to fully exercise their rights.Speaking at the same news conference, European Commission President Jose Manuel Barroso said the proposals aimed to promote citizens' rights, make their daily lives easier and provide protection.

This calls for effective and responsible European action in these areas,he added.The commission president stressed the EU executive was not aiming to win for itself more powers at the expenses of member states, who are especially reluctant to give up sovereignty in such sensitive areas.There are objective facts that justify the European approach,he said, pointing out that there are currently some eight million Europeans living or working in another EU state. This is not a question of power-grabbing for the European commission ... We are not trying to have more powers at the European level for the sake of having more power,he added.

Immigration

In its paper, the commission also re-affirmed proposals it had made earlier in the areas of immigration and asylum, insisting on burden-sharing and solidarity between member states as regards asylum seekers.It also says legal migrants should have the same status across the 27-nation bloc and that they should have easier access to the job market.The bloc's external borders agency, Frontex, would be given a larger budget and more power in patrolling the EU's borders to prevent both human trafficking and irregular immigration.The document presented on Wednesday is the commission's contribution to the so-called Stockholm programme, which is to outline the bloc's priorites in the area of justice, security and liberty for the next five years. The previous one – the Hague programme – had been agreed under Dutch presidency in 2004.The Stockholm programme is set to be examined by the European Parliament in November, and the commission hopes it could be approved by EU leaders in December, under Swedish EU presidency.But with the area being particularly sensitive and member states having already shown disagreements on certain points – such as taking in asylum seekers from other EU countries – the discussions are unlikely to be wrapped up quickly.

JURY VIDEO (A SPOOF I THINK)
http://www.youtube.com/watch?v=_MFebZlUJ7E&feature=player_embedded
FBI DEMONIZING MILITIA ARMED CITIZENS VIDEO
http://www.youtube.com/watch?v=3KcCERZeWwI&feature=player_embedded

JURORS WITH CRIMINAL RECORDS,MENTALLY ILL,ALCOHOLICS,DRUGGIES AND VARIOUS OTHER CRIMINAL ACTIVITY WERE SCREENED FROM BEING JURORS.THIS LIST SOUNDS LIKE NAPALITANOS TERRORIST LIST WHICH INCLUDED CHRISTIAN AND 90% OF ALL AMERICANS.

Police jury checks not widespread, Ontario A-G insists Sarah Sacheli, Frances Willick and Shannon Kari, Windsor Star/National Post Tuesday, June 09, 2009
Secret jury lists note drinkers, whiners.Ontario pressured to come clean on jury checks Scott Webster/Canwest News Service.

Shane Huard, after his arrest in 2006 by Windsor Police Emergency Services Unit officers. Justice Bruce Thomas declared a mistrial in Mr. Huard's two-month-old first-degree murder case. The Ontario Attorney-General is not about to order an independent investigation into improper background checks of potential jurors by police on behalf of the Crown in at least two regions in the province.We are on top of it. We are dealing with it,said Chris Bentley late Tuesday afternoon. It does not appear to be widespread,he added.Instead, the province's chief prosecutor John Ayre is calling around to determine if it was widespread,said Mr. Bentley.The response of the Attorney-General followed the decision of an Ontario Superior Court judge in Windsor to declare a mistrial in the first-degree murder trial of two men accused of shooting an alleged drug dealer.The mistrial was declared because Windsor police in the trial of Shane Huard and Richard Zoldi were using confidential databases this spring to probe potential jurors to find people favourable to the prosecution.I find [the conduct] to be offensive, said Justice Bruce Thomas about the background checks, which were passed on to the prosecution and not disclosed to the defence.This is far too serious for there only to be an internal investigation, said defence lawyer Kirk Munroe, who represents Mr. Zoldi.It seems to me they are circling the wagons.

The mistrial in Windsor is the most recent example of what appears to be a growing scandal involving police in Ontario using jury lists to obtain information that the Crown could use to gain an improper advantage during jury selection.Police in Simcoe County in central Ontario have been provided with the jury lists by the Crown to conduct inquiries at least since 2004, according to court documents.The Crown has effectively put its thumb on the scale. It has cheated,said James Stribopoulos, a criminal law professor at Osgoode Hall law school in Toronto.In Windsor, Crown attorneys Tom Meehan and Scott Pratt obtained personal information about as many as 270 potential jurors in the trial of Mr. Huard and Mr. Zoldi. Greg Goulin, who represents Mr. Huard, raised the issue after the National Post reported late last month about the background checks of potential jurors in Simcoe County.

Judge Thomas responded by holding a four-day hearing into the issue last week.

During the hearing, held in the jury's absence, Windsor police Det. Mark Denonville testified he offered to do background checks on the residents whose names appeared on the jury roll for the trial. He and fellow detective Frank Providenti ran the prospective jurors through a police database called Versadex and made notes on what they found.Mr. Pratt and Mr. Meehan used the information during jury selection on March 30 and 31.Among the notations were information about traffic tickets, arrests that resulted in no convictions, criminal convictions dating back to when prospective jurors were teens and crimes for which the prospective jurors received pardons or conditional discharges.The officers noted things beyond criminal convictions to find what the judge termed as helpful jurors. They noted potentially undesirable jurors with such notations as dislikes police,family issues and criminal associates.

Police tipped off the prosecutors that one woman, who was subsequently selected as a juror, is a Crown witness in an upcoming murder trial.Mr. Pratt testified last week that having the information and not sharing it with the defence made him uncomfortable. He said that Mr. Meehan told him it didn't have to be shared because the defence could have asked for it too.In granting a mistrial the judge was critical of Mr. Meehan. The prosecutor's attitude about disclosure obligations was cavalier, said Judge Thomas. The judge said any information obtained by the Crown must be shared with the defence.It is not about finding an arguable reason not to disclose. A 2006 directive by the Ministry of the Attorney-General sent to all Crown attorneys in Ontario, said only criminal record checks could be conducted and all information must be shared with the defence.

Israeli Christians: Oil-streaked icon miracle By JOSEPH MARKS, Associated Press Writer – Tue Jun 9, 3:43 pm ET

RAMLA, Israel – Christians have been flocking to this dusty Israeli town to see what locals are calling a miracle: streaks of what looks like oil mysteriously dripping down an icon of St. George at a Greek Orthodox church named for the legendary third century dragon slayer.Worshippers said Tuesday that the more than two dozen streaks might represent God's tears or the Christian rite of baptism. The church priest, Father Nifon, first saw the streaks while preparing for Sunday morning services, they said.He kissed all the icons, and when he reached that one, he took down the picture and he cleaned it,said Aida Abu el-Edam, an English teacher and longtime church member.After 20 or 25 minutes, he looked again and he saw the oil again and said,This is a miracle.El-Edam, 47, said she was convinced the streaks were a miracle in part because of a strange smell emanating from the icon. She said it reminded her of her visit as a teenager to the site of a miracle in Ermysh, Lebanon. There, she said, the odor came from a recently deceased woman whose Christian faith was legendary.It's a special, holy smell, she said.It's not ordinary, like olive oil. It's something strange that comes from God.The Greek Orthodox patriarch inspected the painting Sunday, el-Edam said, and the church has sent a sample of the oil to a laboratory.

Father Nifon said the Greek Orthodox Patriarchate had asked him not to speak publicly or to answer questions about the streaks, so that believers could draw their own conclusions.About 50 Christians crowded around the icon Tuesday, some from near Ramla and others from other parts of Israel. They were joined by curious Jews and Muslims, some snapping cell phone pictures. Ramla, a mixed Jewish-Arab town of 65,000, is in central Israel between Jerusalem and Tel Aviv.The icon hangs near the front of the church, hidden from most pews by a small gold chandelier. A nun dressed in black was rubbing the bottom of the icon with cotton balls, which she handed to the faithful who sometimes smelled them before clutching them to their chests.People these days, they've forgot God and this is a sign to tell them,I'm still here, said Edith Fanous, 31, who works for a local trucking company and said she has been attending St. George's since she was a little girl.Fanous said she was singing in the church choir when the oil streaks appeared Sunday. She guessed as many as 1,000 visitors had been to the church since then. She dismissed the idea that the streaks could just be paint running on a hot day.This icon is 114 years old,she said.It passed through so much weather, hot and cold. And now that we have air conditioning in the church it's started to melt? I don't think so.Kosty Tannous, 33, an Israeli customs worker, said he thought the streaks may have appeared now because God sees trouble in Israeli society.There's war and discrimination,he said.I see a lot of discrimination against Arabs here in Israel, and maybe this is a good lesson for everybody to love each other and live with each other with equal rights.

RON PAUL FED BILL
http://www.youtube.com/watch?v=7PC9fkLMZmo&feature=player_embedded

Ron Paul’s Bill To Audit The Federal Reserve Now Has 209 Co-Sponsors
By admin • June 10, 2009

Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 209 co-sponsors, and the numbers keep growing! This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 40% of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

Step 1: Your Representative
If your representative is not on the following list of HR 1207 co-sponsors, call their offices, write to them, email them, etc. Let them know they need to support HR 1207. If you live in their district, let them know. Go to their office.

Fed Would Be Shut Down If It Were Audited, Expert Says By: CNBC.com | 10 Jun 2009 | 09:55 AM ET
http://www.cnbc.com/id/31204170 (VIDEO)

The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC.With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, Grant said in a live interview.If the Fed examiners were set upon the Fed's own documents—unlabeled documents—to pass judgment on the Fed's capacity to survive the difficulties it faces in credit, it would shut this institution down,he said.The Fed is undercapitalized in a way that Citicorp is undercapitalized.Grant said he would support legislation currently making its way through Congress calling for an audit of the Fed.Moreover, he criticized the way the Fed has managed the financial crisis, saying the central bank's target rate should not be around zero.I think zero is the wrong rate for almost any economy,Grant said, adding the Fed has embarked on a vast experiment in moral hazard. Interest rates are the traffic signals in a market economy, and everything's green. ... You have to wonder whether these interest rates are the right clearing rate or rather they are the imposition of a central bank.Amid a disparity between analysts predicting there will be no rate hikes soon and the fed funds futures indicating tightening by the end of the year, Grant said he thinks the Fed indeed will begin raising rates as inflation creeps into the picture.

Fed funds futures have fully priced in as much as a half-point rise in the target rate from its current range of zero to 0.25 percent.If the hairs on the back of your neck stand up when there's too much unanimity of opinion, then one begins to worry about this,he said.The Fed proverbially has been late.

What a Jobless Recovery Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys Washington’s Blog June 9, 2009
http://www.infowars.com/what-a-jobless-recovery-really-means-a-massive-redistribution-of-wealth-from-the-little-guy-to-the-big-boys/

Everyone from the Fed bank of San Francisco to Kiplinger’s is saying that we may have a jobless recovery.The meaning of the phrase jobless recovery itself is simple:A jobless recovery or jobless growth is a phrase used by economists to describe the recovery from a recession which does not produce strong growth in employment. The phrase originated in the early 1990s in the United States, to describe the economic recovery at the end of President George H.W. Bush’s term; it came back into use during the early 2000s.But what is the deeper meaning of a jobless recovery now? The government has spent more than $12 trillion dollars responding to the financial crisis. But the overwhelming majority of that money has gone to big banks and big corporations.Obama’s stimulus plan calls for $787 billion dollars in spending. That amounts to less than 7% of the government’s crisis spending. The fact that much of the stimulus bill is really pork reduces that number still further. And while Obama might throw more stimulus money into the system, independent experts say that total government spending could rise to $20 trillion dollars, so the percentage might substantially decline.What these figures show is that the government has given well over 90% of the taxpayers’ money to the richest companies and well under 10% for job-creation programs.Therefore, the jobless recovery is really a massive redistribution of wealth from the little guy to the big boys (see this and this).

Congress subpoenas the Fed over BOA-Merrill Lynch By ANNE FLAHERTY, Associated Press Writer JUNE 10,09

WASHINGTON – House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.'s acquisition of Merrill Lynch & Co.The lawmakers' subpoena comes after claims that top government officials pressured Bank of America Corp. CEO Ken Lewis to complete the bank's purchase of Merrill Lynch, threatening his job security. Lewis has testified that he had been advised by the officials, former Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, not to disclose details of Merrill Lynch's difficult financial position, according to New York State Attorney General Andrew Cuomo.

The Fed and Paulson have denied pressuring Bank of America to buy Merrill Lynch.

We expect to respond completely and fully as requested beginning today,a Federal Reserve spokesperson said.The subpoena by the House Oversight and Government Reform Committee comes as Bank of America's Lewis planned to testify on Thursday before the panel.In prepared remarks, Lewis said his company had considered stopping the deal at one point because of significant, accelerating losses at Merrill Lynch. The bank decided to move forward with the deal after the government offered to provide assistance, he said.This course made sense for Bank of America and for its shareholders, and made sense for the stability of markets,Lewis said in prepared testimony.We viewed those two interests as consistent.Just a few weeks after the deal was completed, Bank of America's fourth-quarter earnings report showed the hit its balance sheet took on the Merrill Lynch transaction, making Lewis the target of shareholder anger. In January, Bank of America reported a $2.39 billion fourth-quarter loss and Merrill disclosed a more than $15 billion loss. The bank received $20billion from the federal government in January after Lewis requested it to help offset mounting losses at Merrill.Lawmakers say they are unconvinced that the Fed didn't take an active role in pressuring Bank of America to follow through with the deal and keep quiet about its worsening terms.The panel, led by Rep. Edolphus Towns, D-N.Y., has been investigating the matter, as well as the $20 billion in taxpayer money provided to complete the acquisition.

The marriage between Bank of America and Merrill Lynch was a shotgun wedding pushed by the Federal Reserve,said Rep. Darrell Issa of California, the panel's top Republican.In April, Attorney General Cuomo confirmed reports that Lewis had told him that Paulson and Bernanke had pressured him to go through with the deal.The government helped orchestrate the acquisition of the investment bank during the same weekend in September that another investment bank, Lehman Brothers, went under, setting off one of the most intense periods of the financial crisis.Bank of America completed its purchase of New York-based Merrill Lynch on Jan. 1.Lawmakers had asked the Fed to release the some 6,000 documents involved in the case, but the Fed has expressed concern that information was confidential.Associated Press writer Jeannine Aversa contributed to this report.

SIGNS IN THE SUN, MOON AND STARS

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.

US, Europe look to partnership on Mars exploration By ALICIA CHANG, AP Science Writer – Tue Jun 9, 6:41 am ET

LOS ANGELES – For almost half a century, the United States has dominated the exploration of Mars from the first grainy black-and-white pictures of the craggy surface to the more recent discovery of ice.Now, budget woes are pushing NASA toward a joint exploration venture with Europe. By 2016, the U.S. may unite with the European Space Agency for future Mars trips — a move that would mark a significant shift for NASA.

Details of such a union could come by the end of this month.

In May, NASA's space sciences chief Ed Weiler said he believed a partnership was the best avenue to pursue shared science goals if we can lose a little bit of our ego and nationalism.A NASA presentation to the Mars science community in March indicated that the two space agencies would likely take turns being the leader.As Marcello Coradini of the European agency has put it: In terms of willingness, we all agree that we have to work together. The discussion is not on the if, it's on the how we work together.
The impetus for the unprecedented discussions comes down to money. After delaying the launch of its powerful Mars Science Laboratory to 2011, NASA had to slash its technology spending and scale back its future Mars vision to pay for the $2.3 billion next-generation, nuclear-powered rover.The Europeans, too, have money problems. They lack the cash to send up ExoMars, a new drill-toting rover scheduled to launch in 2016.NASA is trying to figure out how to help Europe land on Mars while sending up its own less capable orbiter during the same launch window.That's a difficult partnership because we had an existing mission and they had an existing mission and to merge two existing missions is challenging,said Doug McCuistion, who heads NASA's Mars exploration program.Frankly, we have backed off quite a bit on our mission requirements. They've backed off somewhat.Still unresolved is who will pay for the rocket that will blast both out of the Earth's atmosphere and what joint projects to pursue beyond 2016.While an international collaboration makes financial sense, it is also fraught with risks. The European Space Agency has never successfully landed a spacecraft on Mars, though it has an orbiter circling the planet.Coradini, ESA coordinator for solar system missions, envisions trade-offs in the partnership.

We reverse the shared responsibilities. As with any good family, one day it's the husband doing the dishes and another day it's the wife,he said.If it's always the husband or always the wife, then we're bound for a divorce.Talk of a possible marriage has unnerved some space advocates who worry a union will decrease competition and cause the U.S. to lose its edge, holding it hostage to foreign politics.NASA should be showing off its stuff and not saying,We can't do it unless we have the cooperation,said Robert Zubrin, a former Lockheed Martin Corp. engineer who now heads the Mars Society advocacy group.The trans-Atlantic dialogue comes at a critical point. NASA is polishing a new public relations message to replace its decade-old focus on finding water. At the same time, Mars is facing competition from other solar system bodies emerging as promising places to search for signs of life.

While international pairings are nothing new, they tend to be more common on deep space missions. NASA united with the European and Italian space agencies to launch the Cassini-Huygens mission to Saturn and its moon Titan. Earlier this year, NASA and the European agency announced plans to be partners on a 2020 mission to Jupiter's ice-covered moon Europa.With Mars, however, NASA has kept a do-it-yourself attitude while letting other countries add instruments to NASA spacecraft for their own data-gathering. That NASA and the Europeans are considering pooling resources reflects a budget reality: It has become too expensive for one nation to pay to go to Mars alone, especially with a long-term goal of returning Martian rocks and soil to Earth estimated to cost at least $5 billion. The growing pains afflicting the U.S. Mars program are partly due to it being a victim of its own success. Past missions have raised more questions about whether the planet once had an environment that could support microbial life. To get answers requires more expensive study. The early American Mars missions were quick flybys. In 1965, Mariner 4 became the world's first spacecraft to return 21 close-up images. The failures of an orbiter and lander in 1999led to a revamp of the program.The last decade arguably has been the golden age of Mars exploration. The plucky twin rovers Spirit and Opportunity are still active after five years. Before it froze to death last year, the Phoenix lander gathered up ice and tested water.

Now the question is, where do we go from here? said Scott Hubbard, a former NASA Mars czar who teaches at Stanford University. Arizona State University Mars scientist Phil Christensen believes a partnership is inevitable given the cost, but he would rather see the space agencies collaborate after 2016. We're very close to the point where we can't keep on doing it alone,he said. On the Net: NASA's Mars exploration page: http://marsprogram.jpl.nasa.gov/

OBAMA WERE ARE ALL HIS RECORDS GONE
http://wnd.com/index.php?fa=PAGE.view&pageId=100613
OBAMA OUR NEW WORLD god
http://www.youtube.com/watch?v=dCRi22jPw-k&feature=player_embedded
http://www.eyeblast.tv/public/checker.aspx?v=ydaG6USU2G
RON PAUL
http://www.youtube.com/watch?v=fufVMa4RGpc&feature=player_embedded
PETER SCHIFF
http://www.youtube.com/watch?v=sRcnR0AFatA&feature=player_embedded
BOARD OF DIRECTORS
http://www.iie.com/institute/board.cfm#627
FRESH BLOOD OUTSIDE THE BODY EXPERIMNT
http://www.youtube.com/watch?v=u7GtPRu1Bpg&feature=player_embedded

FROM WND'S JERUSALEM BUREAU Obama confronting Israel to appease Arab world?
Part of larger strategy of putting the screws on to build relations with Muslims. June 09, 2009 9:46 pm Eastern By Aaron Klein 2009 WorldNetDaily

President Obama touring Egypt's pyramids yesterday (White House photo)

JERUSALEM – President Obama's administration has been putting the screws on Israel as part of a larger strategy of enhancing U.S. ties with the Arab world, according to an assessment from a senior aide to Prime Minister Benjamin Netanyahu. Generating this controversy and pressure on Israel regarding settlements right before his address last week to the Muslim world was a way for Obama to spruce up his credentials with the Arabs,said the aide, who spoke to WND on condition of anonymity. This seems to be part of a larger and even long-term strategy of putting the screws on Israel to help endear the U.S. to the Arab world,the aide said. A major part of Obama's stated foreign policy goals involves enhancing the U.S. relationship with the Muslim and Arab world. The last few weeks has seen what some are characterizing as a clash between the U.S. and Israel on a number of issues, most notably construction of Jewish communities in the strategic West Bank. The Obama administration has voiced strong opposition to any construction in the territory, including the natural growth of West Bank settlements, meaning adding housing to current communities in the territory to account for growth in population. WND reported last week Jerusalem officials are concerned the Obama administration intends to abrogate written pledges made by President Bush that Israel would be able to keep main West Bank settlement blocs in a future deal with the Palestinians. Obama already may have nixed a secret deal between Bush and the Israeli government that allowed for the continued natural growth.Following a meeting at the end of May between Obama and Palestinian Authority President Mahmoud Abbas, a PA official, speaking on condition of anonymity, told WND that Obama informed Abbas he would not Israel get in the way of normalizing U.S. relations with the Arab and greater Muslim world. We were told from this new administration they will not allow a Netanyahu government to hurt their efforts of rehabilitating U.S. relations with the Arab and Islamic world, which is a high priority of Obama,the official said, speaking during a visit to Cairo. Remarks similar to the Netanyahu's aide's comments to WND were published in Israel's Haaretz newspaper yesterday, which quoted a Netanyahu confidente as saying the prime minister believes Obama wants a confrontation with Israel based on the U.S. president's speech in Cairo last week.Political sources close to Netanyahu told Haaretz that White House Chief of Staff Rahm Emanuel and Obama's senior political consultant, David Axelrod, are behind the clash between the administration and Israel, believing such a conflict will help the U.S. build Arab alliances.

During Obama's Muslim address last week, he ascribed much importance to the Israeli-Palestinian conflict, placing it as his No. 2 issue. He affirmed America's strong bonds with Israel are ... unbreakable and he rejected Holocaust denial – a growing trend in the Muslim world – as ignorant, and hateful.But alarming some here, Obama stated the Hamas terrorist group could play a role in fulfilling Palestinian aspirations" if only they put an end to violence, recognize past agreements and recognize Israel's right to exist.Obama demanded Israelis must acknowledge that just as Israel's right to exist cannot be denied, neither can Palestine's. Israel, however, offered the Palestinians a state on numerous occasions, including at Camp David in August 2000 and at Taba months later, only for Palestinian leaders to reject Israel's offer and initiate violence without proposing counter offers. Just last year, Prime Minister Ehud Olmert offered the Palestinians 94 percent of the West Bank and willingness to negotiate Jerusalem. Obama pointed to Israeli West Bank settlements as specifically undermining efforts to achieve peace,while Palestinian and greater Arab rejection of Israel's right to exist seems the main obstacle undermining peace.Obama took the occasion to legitimize an Arab Peace Initiative, which calls on Israel to withdraw to truncated, difficult to defend borders and accept millions of foreign Arabs into its population (thus destroying Israel by population genocide) in exchange for normalized relations with the Arab world.

Obama trying to oust Netanyahu?

Some commentators have been speculating Obama may be trying to cause political trouble for Netanyahu, who is viewed as ultra-conservative, in favor of left-leaning politicians and parties here. It seems to me that Obama is trying to force the collapse of Netanyahu's government,wrote Jeffery Goldberg in comments in the Atlantic.I base this mostly on intuition. Of course, the Obama administration would never claim to be interfering in the internal politics of another country, but it seems obvious that Netanyahu's narrow coalition won't survive sustained American pressure on the settlements question,Goldberg wrote. Jerusalem Post columnist Caroline Glick commented on fears that Obama and his advisers have made such an issue of settlements because they seek to overthrow Israel's government and replace it with the more pliable Kadima party.Glick maintains the U.S. does not believe a government led by left-leaning parties will fair any differently than Netanyahu, since the Palestinians rejected offers of extreme territorial concessions from several liberal leaders here, including former prime ministers Ehud Barak and Olmert. The only reasonable explanation is that the administration is baiting Israel because it wishes to abandon the Jewish state as an ally in favor of warmer ties with the Arabs,Glick concludes.

Freedom of Speech

Radicals aim to set limits on our freedom of expression. In particular, radical groups seek to censure any individual or group that speaks out against the dangerous threats of Radical Muslims.These restrictions are a step towards the implementation of Sharia law in the West. Freedom of speech as we know it in the United States is not permitted in countries such as Iran, Syria, Lebanon, Libya and others. By limiting speech in the West, we are furthering the goals of Radical Muslims. The direct outcome of these restrictions is the strangulation of our freedom of expression. In liberal societies, individuals are sometimes offended. Mutual respect is certainly commendable but it is not, and should not be, obligatory. Open debate, including the right to offend, ensures the existence of a free society.The United Nations Universal Declaration of Human Rights states that, “Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

Extremists and their supporters have been attempting to forcefully retract this internationally recognized right. Many people may remember the deadly riots that erupted in Europe in late 2005, following the publishing of editorial cartoons depicting Mohammed in a less-than-favorable light. Several leaders of western nations quickly condemned the publishing of the cartoons, when instead they should have condemned the violent outbreak.In April 2004, Dutch filmmaker Theo Van Gogh was stabbed to death by Islamist Mohammed Bouyeri, following the production of the anti-Islam film Submission. Dutch Parliamentarian Geert Wilders was recently barred from entering England after producing the short-film Fitna that drew a connection between the Koran and violent behavior. An Iranian fatwa (religious decree) calling for the execution of writer Salman Rushdie, for his novel The Satanic Verses, has never been rescinded.The United Nations is also a target of radical efforts to limit freedom of expression. Radical Muslims have attempted to codify limits on speech in a recently proposed non-binding resolution combating defamation of religions, which singles out Islam and Muslims in particular.The draft was prepared by Pakistan — a country with an appalling record when it comes to restrictions on religious freedom.

Last year the U.N. Human Rights Council adopted a resolution against defamation of religion, calling on governments around the world to clamp down on cartoonists, writers, journalists, artists and dissidents who dare to speak up. Most of these resolutions aim to limit the criticism and critical analyses of Radical Islamic practices and traditions.Radicals who seek to limit the freedoms of others frequently exercise their own rights to free speech. Those who exercise their freedom of speech against radicals are in grave danger of suffering violent attacks.

2ND WAVE CHINA AND KINGS OF THE EAST MARCH TO ISRAEL

REVELATION 16:12
12 And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.(THIS IS THE ATATURK DAM IN TURKEY,THEY CROSS OVER).

DANIEL 11:44 (2ND WAVE OF WW3)
44 But tidings out of the east(CHINA) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)

REVELATION 9:12-18
12 One woe is past; and, behold, there come two woes more hereafter.
13 And the sixth angel sounded, and I heard a voice from the four horns of the golden altar which is before God,
14 Saying to the sixth angel which had the trumpet, Loose the four angels which are bound in the great river Euphrates.(IRAQ-SYRIA)
15 And the four angels were loosed, which were prepared for an hour, and a day, and a month, and a year, for to slay the third part of men.(1/3 Earths Population die in WW 3 2ND WAVE)
16 And the number of the army of the horsemen were two hundred thousand thousand:(200 MILLION MAN ARMY FROM CHINA AND THE KINGS OF THE EAST) and I heard the number of them.
17 And thus I saw the horses in the vision, and them that sat on them, having breastplates of fire, and of jacinth, and brimstone: and the heads of the horses were as the heads of lions; and out of their mouths issued fire and smoke and brimstone.(NUCLEAR BOMBS)
18 By these three was the third part of men killed, by the fire, and by the smoke, and by the brimstone, which issued out of their mouths.(NUCLEAR BOMBS)

Open Letter to Rachel Maddow on Obama, Brzezinski and 9/11 Conspiracy
http://www.prisonplanet.com/open-letter-to-rachel-maddow-on-obama-brzezinski-and-911-conspiracy.html

What a War in North Korea Would Look Like By MARK THOMPSON / WASHINGTON JUNE 10,09

To fear a new Korean war is historically inaccurate, because, in fact, the last one never ended: The world's most dangerous border, across which some 2 million North Korean, U.S. and South Korean troops face each other along the 38th Parallel of the Korean Peninsula is, in fact, simply an armistice line. On July 27, 1953, the U.S. and North Korea signed a truce pausing, but not ending, a war that claimed more than 2million lives, including those of 36,940 U.S. troops. And the North's recent nuclear and missile saber-rattling has many growing nervous about the potential for a resumption of hostilities. North Korea, in fact, announced on May 27 that it was withdrawing from the armistice. It declared it could no longer guarantee the safety of ships sailing through the Yellow Sea off its western coast, and would no longer respect the legal status of several islands off South Korea's coast. It also vowed to attack South Korea if North Korean vessels suspected of smuggling nuclear and missile components are stopped and searched by a U.S.-led U.N. naval armada - a proposal currently under discussion. (See pictures of North Koreans at the polls.) U.S. officials are concerned that political instability inside the Pyongyang regime may actually raise the danger of confrontation. Dear Leader Kim Jong Il has been weakened by a stroke suffered late last year; his 26-year old heir apparentnot yet ready to take the reins; and the North Korean military is eager to maintain its pre-eminence in the coming political succession. Any time you have a combination of this behavior of doing provocative things in order to excite a response - plus succession questions - you have a potentially dangerous mixture,said U.S. Director of National Intelligence Dennis Blair on Monday.

Despite the rising tensions, however, a number of factors militate against a new chapter being opened in the Korean War. South Korea, backed by the U.S., doesn't want war, because the North has some 13,000 artillery tubes aimed at Seoul and the more than 10 million South Koreans living just 30 miles south of the DMZ. North Korea, backed by China, doesn't want war because if it comes, it all but guarantees the collapse of Kim's regime, which is also the family business. (See pictures of the rise of Kim Jong-il) Washington has made clear that it wants to solve this latest flare-up via diplomatic channels. Our focus is now - and has been and likely will continue to be - on coming up with diplomatic and economic pressures that will persuade the North to abandon its pursuit of nuclear weapons and the platforms to deliver them,Pentagon spokesman Geoff Morrell said June 8. And if that fails? We all need to be prudent about our planning for defensive measures.That suggests neither Washington nor Seoul is going to take pre-emptive military action. The immediate priority of the U.S. and its allies is to prevent North Korea from spreading its nuclear know-how around the world. And their own lever is China's influence over the hermit regime.There's a view that if you want to get the Chinese to act on North Korea, you need to signal a willingness to take military action,Scott Snyder, a Korean expert with the Council on Foreign Relations, said last week.But at the same time, how do you do that - especially in conjunction with allies - without the Chinese feeling that you're trying to manipulate them tactically? China's role will be key, according to Larry Wortzel, who served two tours as a U.S. Army military attache in Beijing. China will not let North Korea collapse, he was told by several top People Liberation Army officials during the Clinton Administration, according to his account in the latest issue of the U.S. Army journal Parameters. Beijing will help Pyongyang survive any sanctions.There are limits to what the United States and its allies can do,he warns,unless they want a complete break with, or to invite conflict with, China.China's motives are two-fold: keep North Korean refugees from flooding across the border, as well as to keep a U.S. ally from emerging on China's doorstep.

If it came to war, however, a key goal of any large North Korean attack would be to launch as many shells and rockets towards Seoul from its artillery tubes and launchers, many self-propelled or on railcars. The goal of U.S. and South Korean forces would be to destroy that artillery capability before too many rounds could be launched. While North Korea would build any attack around its 1.2 million-strong army, the U.S. and South Korea would rely more on their air and naval forces. The Pentagon has largely refrained from saber-rattling, and is not planning to reinforce the 28,000 U.S. troops now in South Korea, or the 35,000 stationed in Japan. When pressed, U.S. military leaders concede that even their defensive plans will be tougher to implement given the fact that they currently have roughly 175,000 troops deployed in Afghanistan and Iraq.There would have to be a level of ad hoc conglomeration of forces,General James Conway, the Marine commandant, told a Senate panel June 2.But in the end, I am convinced we would prevail.

North Korea faces new sanctions, may test missile
Wed Jun 10, 2009 11:46am EDT By Louis Charbonneau

UNITED NATIONS (Reuters) - World powers on Wednesday agreed to expand sanctions to punish North Korea for its recent nuclear test and weapons program, as Russia said it expected the North to launch another provocative missile test.The five permanent U.N. Security Council members, plus Japan and South Korea, agreed on a draft resolution to be discussed on Friday, a diplomat said.The United States and Japan have pushed for strong sanctions to punish North Korea for its nuclear test in May, but China and Russia had been cautious about provoking Pyongyang by imposing more sanctions.South Korea's defense minister said the North's recent moves were linked to leader Kim Jong-il's succession plans.North Korea has angered the region and countries beyond in the past few weeks with missile launches, threats to attack the South and a nuclear test, prompting U.S. and South Korean forces to raise a military alert on the peninsula to one of its highest since the 1950-53 Korean War.Cranking up tension, Russia's military said it had information on plans for another missile launch.We have certain information about the type and characteristics of the missile. However, we do not have accurate data on the timing,Interfax news agency quoted a senior military source as saying.South Korean Defense Minister Lee Sang-hee, meanwhile, linked the North's threats and flurry of military activity to Kim Jong-il paving the way for his son to succeed him.Kim Jong-il is bloodshot in the eyes trying to build a succession plan to pass on power by creating tension ... while ignoring the desperate plight of his starving people and the impoverished state of the economy,he said in an address to troops, according to a military aide on Wednesday.The North Korean regime is an unethical, irresponsible and inhumane group which puts its own survival ahead of the lives and happiness of the people.

LAWMAKERS BRIEFED ON SUCCESSION

South Korean lawmakers said they were briefed by the South's spy agency and told the North's leaders have started the groundwork that would allow Kim's youngest son, Swiss-educated Jong-un, to take over power.Analysts said the show of military strength might help leader Kim, 67, divert attention from a faltering economy that has only grown worse under his rule and also boost support after a suspected stroke about a year ago raised questions over his iron grip on power.His economy could take another hit from further U.N. sanctions, although the reclusive nation is already largely isolated from the world economy.North Korea appeared to be ready to ratchet up tensions by firing a long-range missile that could reach U.S. territory and mid-range missiles capable of striking anywhere in the South and most of Japan, officials said.North Korean state media said the state would press on with boosting its nuclear deterrence to counter what it saw as hostile moves by a nuclear-armed United States.

The U.S. special envoy on North Korea, Stephen Bosworth, said in New York that the United States will do what is necessary for the security of its allies but has no plans to invade the North or overthrow its government by force.In an indication of growing concern for possible aggression by the North, South Korea has doubled the deployment of naval destroyers and patrol vessels in disputed waters off the peninsula's west coast, a report in the South Korean daily Dong-A Ilbo said on Wednesday.North Korean vessels last week intruded into the South's territorial waters, retreating after warning maneuvers by the South Korean navy. The area off the west coast of the peninsula has been the site of two deadly naval battles between the rival states over the past 10 years.(Writing by Alan Elsner, additional reporting by Conor Sweeney in Moscow; Editing by Eric Beech)Thomson Reuters 2009.

North Korea's Kim feverish on succession: Seoul JUNE 9,09

SEOUL (Reuters) – South Korea's defense chief says North Korea's military grandstanding that included last month's nuclear test was linked to leader Kim Jong-il's succession plans in the inhumane state, an official said on Wednesday.At the United Nations on Tuesday, world powers edged toward an agreement on a resolution expanding sanctions on North Korea because of its nuclear test and weapons program, but were unable to close the deal, diplomats said.North Korea has angered the region and beyond in the past weeks with missile launches, threats to attack the South and the May 25 nuclear test, prompting U.S. and South Korean forces to raise a military alert on the peninsula to one of its highest levels since the 1950-53 Korean War.Kim Jong-il is bloodshot in the eyes trying to build a succession plan to pass on power by creating tension ... while ignoring the desperate plight of his starving people and the impoverished state of the economy,Defense Minister Lee Sang-hee said in an address to troops, according to a military aide.The North Korean regime is an unethical, irresponsible and inhumane group which puts its own survival ahead of the lives and happiness of the people,Lee said in the message.South Korean lawmakers said they were briefed by the South's spy agency and told the North's leaders have started the groundwork that would allow Kim's youngest son, Swiss-educated Jong-un, to take over power.Analysts said the show of military strength might help leader Kim, 67, divert attention from an faltering economy that has only grown worse under his rule and also boost support after a suspected stroke about a year ago raised questions over his iron grip on power.His economy could take another hit as the United States and Japan have pushed for strong sanctions to punish North Korea for its nuclear test, but China and Russia have been cautious about provoking Pyongyang by imposing more sanctions.North Korea appeared to be ready to ratchet up tensions by firing a long-range missile that could reach U.S. territory and mid-range missiles capable of striking anywhere in the South and most of Japan, officials said.

In an indication of growing concern for possible aggression by the North, South Korea has doubled the deployment of naval destroyers and patrol vessels in disputed waters off the peninsula's west coast, a report in the South Korean daily Dong-A Ilbo said on Wednesday.North Korean vessels last week intruded into the South's territorial waters, retreating after warning maneuvers by South Korean navy. The area off the west coast of the peninsula has been the site of two deadly naval battles between the rival states over the past 10 years.(Editing by Jon Herskovitz and David Fox)

MUSLIM NATIONS

EZEKIEL 38:1-12
1 And the word of the LORD came unto me, saying,
2 Son of man, set thy face against Gog,(RULER) the land of Magog,(RUSSIA) the chief prince of Meshech(MOSCOW)and Tubal,(TOBOLSK) and prophesy against him,
3 And say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech(MOSCOW) and Tubal:
4 And I will turn thee back, and put hooks into thy jaws,(GOD FORCES THE RUSSIA-MUSLIMS TO MARCH) and I will bring thee forth, and all thine army, horses and horsemen, all of them clothed with all sorts of armour, even a great company with bucklers and shields, all of them handling swords:
5 Persia,(IRAN,IRAQ) Ethiopia, and Libya with them; all of them with shield and helmet:
6 Gomer,(GERMANY) and all his bands; the house of Togarmah (TURKEY)of the north quarters, and all his bands:(SUDAN,AFRICA) and many people with thee.
7 Be thou prepared, and prepare for thyself, thou, and all thy company that are assembled unto thee, and be thou a guard unto them.
8 After many days thou shalt be visited: in the latter years thou shalt come into the land that is brought back from the sword, and is gathered out of many people, against the mountains of Israel, which have been always waste: but it is brought forth out of the nations, and they shall dwell safely all of them.
9 Thou shalt ascend and come like a storm, thou shalt be like a cloud to cover the land, thou, and all thy bands, and many people with thee.(RUSSIA-EGYPT AND MUSLIMS)
10 Thus saith the Lord GOD; It shall also come to pass, that at the same time shall things come into thy mind, and thou shalt think an evil thought:
11 And thou shalt say, I will go up to the land of unwalled villages; I will go to them that are at rest, that dwell safely, all of them dwelling without walls, and having neither bars nor gates,
12 To take a spoil, and to take a prey; to turn thine hand upon the desolate places that are now inhabited, and upon the people that are gathered out of the nations, which have gotten cattle and goods, that dwell in the midst of the land.

ISAIAH 17:1
1 The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.

PSALMS 83:3-7
3 They (ARABS,MUSLIMS) have taken crafty counsel against thy people,(ISRAEL) and consulted against thy hidden ones.
4 They have said, Come, and let us cut them off from being a nation; that the name of Israel may be no more in remembrance.
5 For they (MUSLIMS) have consulted together with one consent: they are confederate against thee:(TREATIES)
6 The tabernacles of Edom,and the Ishmaelites;(ARABS) of Moab, and the Hagarenes;
7 Gebal, and Ammon,(JORDAN) and Amalek;(SYRIA) the Philistines (PALESTINIANS) with the inhabitants of Tyre;(LEBANON)

DANIEL 11:40-43
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) 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.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.

EZEKIEL 39:1-8
1 Therefore, thou son of man, prophesy against Gog,(LEADER OF RUSSIA) and say, Thus saith the Lord GOD; Behold, I am against thee, O Gog, the chief prince of Meshech (MOSCOW) and Tubal: (TUBOLSK)
2 And I will turn thee back, and leave but the sixth part of thee, and will cause thee to come up from the north parts,(RUSSIA) and will bring thee upon the mountains of Israel:
3 And I will smite thy bow out of thy left hand, and will cause thine arrows to fall out of thy right hand.
4 Thou shalt fall upon the mountains of Israel, thou, and all thy bands,( ARABS) and the people that is with thee: I will give thee unto the ravenous birds of every sort, and to the beasts of the field to be devoured.
5 Thou shalt fall upon the open field: for I have spoken it, saith the Lord GOD.
6 And I will send a fire on Magog,(NUCLEAR BOMB) and among them that dwell carelessly in the isles: and they shall know that I am the LORD.
7 So will I make my holy name known in the midst of my people Israel; and I will not let them pollute my holy name any more: and the heathen shall know that I am the LORD, the Holy One in Israel.
8 Behold, it is come, and it is done, saith the Lord GOD; this is the day whereof I have spoken.

JOEL 2:3,20,30-31
3 A fire(NUCLEAR BOMB) devoureth before them;(RUSSIA-ARABS) and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them.
20 But I will remove far off from you the northern army,(RUSSIA,MUSLIMS) and will drive him into a land barren and desolate, with his face toward the east sea, and his hinder part toward the utmost sea, and his stink shall come up, and his ill savour shall come up, because he hath done great things.(SIBERIAN DESERT)
30 And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.(NUCLEAR BOMB)
31 The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.

Russia drops unilateral WTO bid for ex-Soviet pact By Gleb Bryanski – Tue Jun 9, 3:56 pm ET

MOSCOW (Reuters) – Russia threw its 16-year bid to join the World Trade Organization into jeopardy on Tuesday when Prime Minister Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics.Putin, announcing plans to form a customs union with Belarus and Kazakhstan, blamed tortuous WTO accession talks for blocking integration with its ex-Soviet neighbors, only days after the European Union said the Kremlin's wait could be over this year.The surprise move by Russia, the largest country outside the 153-member WTO, implies talks will start afresh on the basis of a new agreement between the three former Soviet states, which intend to form the customs union from January 1, 2010.Russia has previously accused the United States and the European Union of hindering its WTO bid for political reasons.Putin, speaking at a joint news conference with the Kazakh and Belarussian prime ministers, Karim Masimov and Sergei Sidorsky, said the three countries would notify the WTO that their separate negotiations will be stopped.

It's a sign of frustration on the Russian side, but it's also recognition that WTO membership is no longer such a priority,said Roland Nash, chief strategist at investment bank Renaissance Capital.The International Monetary Fund (IMF) warned this month that Russia's bid to join the WTO was losing momentum.Five days ago, EU Trade Commissioner Catherine Ashton said she had agreed with Russian Economy Minister Elvira Nabiullina that Moscow's WTO accession should be completed by year-end, saying the two sides had a "common understanding.But the creation of a customs union with countries whose WTO negotiations are less advanced may force the EU to think again.

This could create a new situation, which we would first need to carefully analyze to determine the potential impact on Russia's WTO negotiations,said Lutz Guellner, spokesman for Ashton.The decision is also a slap in face for U.S. President Barack Obama ahead of his visit in Russia next month. Obama and Russia's President Dmitry Medvedev agreed in April to instruct their governments to work on finalizing Russia's accession.Brazil, Russia, India and China, known as BRIC, will also hold their first summit in Yekaterinburg next week and officials have said the four were willing to look into trade initiatives outside the WTO framework.Kazakhstan started WTO talks in 1996 but has continuously put off the accession deadline. Russia, still running the world's third-largest gold and forex reserves, has used the economic crisis to increase influence in the post-Soviet space.Our priority remains WTO entry, we confirm this, but already as a united customs union and not as separate countries, Putin said. He said trade talks with the European Union would also be held within the framework of the new deal.

PUZZLING MOVE

Russian negotiators had been expected in Geneva next week for a new round of bilateral accession talks. Masimov said the three countries would now create a new group of negotiators.Trade experts said the timing of the move was puzzling. No group of countries has ever joined the WTO as a single customs union, and the proposal is likely to delay the accession of the former Soviet states even more.Although Russian Finance Minister Alexei Kudrin flagged the move at the International Monetary Fund conference in April, his statement was not taken seriously at the time. On Monday, Kudrin said new accession talks will start in 2010. Internal disputes within the proposed customs union could also complicate matters. Russia on Tuesday expanded its ban on dairy products from Belarus, which earns billions of dollars from its milk exports and had a 4 percent share of the Russian market last year. The Russian desire to form a customs union with the CIS -- and obviously to become the dominant partner -- is a more important objective in the short term,said Nash.(Additional reporting by Jonathan Lynn in Geneva, Darren Ennis in Brussels and Robin Paxton in Moscow; Editing by Richard Balmforth)

Margaret Sanger’s Case For Eugenics
Amy de Miceli No One Has to Die Tomorrow June 9, 2009

The campaign for birth control is not merely of eugenic value, but is practically identical with the final aims of eugenics.Birth Control Review, 1921. As the Founder of Planned Parenthood, Margaret Sanger is considered a hero to many for bringing choice to women in America. However, it becomes obvious from Sanger’s own words and publications that she did not care about freedom of choice, but cared only for a superior race, and she had a plan to prevent multiplication of this bad stock.Sanger was a member of the American Eugenics Society. She was a eugenicist who wanted to forcefully sterilize people, she wrote many articles and books on the subject. In 1922 she wrote The Pivot of Civilization, (HG Wells wrote the introduction)and she refers to people as human weeds and morons who did not deserve to have children. In The Case for Birth Control she offers a vague list of random reasons that would justify sterilization, it included anyone that was poor and people with children that are not normal.With such ambiguous standards, virtually anyone could be labeled as unfit.

The US Supreme Court authorized forced sterilization of undesirables for over 40 years in America, and by 1933 most states had adopted Eugenics Sterilization Laws, before Hitler began Eugenics in Germany.Hitler admired the work of Margaret Sanger, and modeled many of his Eugenics Laws after America’s. Coincidentally, Hilter’s director of the Racial Hygiene Society, Ernst Rudin was the same man that Sanger had previously commissioned for her own agenda, publishing his work in her magazine, the Birth Control Review.In 1939 Margaret Sanger began The Negro Project and to bring people along willingly she enlisted black preachers to support sterilization. She outlined the deceitful plan in a letter to Clarence Gamble of the Procter and Gamble Empire,We should hire three or four colored ministers, preferably with social-service backgrounds, and with engaging personalities. The most successful educational approach to the Negro is through a religious appeal. We don’t want the word to go out that we want to exterminate the Negro population.Sanger’s personal Plan for Peace outlines what she really thought of our human rights.The second step of her plan would be to take an inventory of the secondary group such as illiterates, paupers, unemployable, criminals, prostitutes, dope-fiends; classify them in special departments under government medical protection, and segregate them on farms and open spaces as long as necessary for the strengthening and development of moral conduct.

Margaret Sanger has been paraded around as an advocate for women’s rights, her historic value has been overinflated, and her dark history has been, (and is being) rewritten by the main stream media. Life Magazine for example, has even placed Margaret Sanger as one of the most important people of the century which may be true… if you are a eugenicist.The most merciful thing that the large family does to one of its infant members is to kill it.

Jews angry with Gaddafi on plan to meet on Sabbath By Philip Pullella – Tue Jun 9, 12:49 pm ET

ROME (Reuters) – Rome's Jewish community, some of whom were forced to leave Libya 40 years ago, are angry over Libyan leader Muammar Gaddafi's apparent willingness to meet them only on Saturday, the Sabbath day sacred to Jews.Community leaders also want Gaddafi, who arrives in Rome on Wednesday for his first visit to Italy, to tell them the whereabouts of a Palestinian who was sentenced for a 1982 attack on a Rome synagogue and found asylum in Libya.At the very least this shows a lack of sensitivity, Riccardo Pacifici, president of Rome's Jewish community, told Reuters. But it is also a matter of principle. We won't go as a community unless the day is changed.Libyan organizers of the trip have invited the Jews to attend a meeting -- along with Italians who were expelled from the country in the early 1970s -- planned for Saturday in a tent being set up for Gaddafi in a sprawling Rome park.The Sabbath, or Shabbat, is a day of rest during which Jews cannot work. Many of Rome's Jews are observant, including Shalom Tshuva, a Libyan who is a deputy president of Rome's Jewish community and head of Libyan Jews in Italy.Pacifici said he did not understand why organizers could not have scheduled the meeting for another day when observant Jews could attend. The community has asked for a change.If any Jew goes to the meeting it will be as an individual and not as an official member of the community, he said.The Jewish community in the former Italian colony, which traces its origins to Roman times, numbered about 38,000 at the end of World War Two. But it declined steadily after anti-Jewish pogroms in 1945 and 1948.By the time Israel won the Six-Day War against Arab nations in 1967, the community had dwindled to about 7,000.

JEWS EVACUATED

Following Israel's victory, anti-Jewish riots broke out and nearly all Libyan Jews were evacuated to Italy for safety.The Libyan government told them they could not protect them. So they had to choose between staying and getting killed or fleeing, said Vivienne Roumani-Denn, a U.S.-based Libyan Jew and maker of the 2007 documentary film The Last Jews of Libya.After he came to power in 1969, the vehemently anti-Israel Gaddafi confiscated all Jewish property and canceled all debts to Jews. The Jewish community in Libya is now virtually non-existent.Jews say they want to know if Gaddafi is sincerely interested in compensation to Libyan Jews.Pacifici said if he meets Gaddafi, he also wants to ask him about Abdel Osama al-Zomar, who was convicted in absentia in Italy for having masterminded the attack on the Rome synagogue.A two year-old boy was killed and dozens wounded in a machinegun and grenade attack by Palestinian guerrillas as worshippers were leaving the synagogue on the Tiber River.

We owe this to the memory of the boy and those who were injured, including my father, Pacifici said.Al-Zomar was later arrested in Greece but Athens denied an Italian extradition request and instead deported him to Libya. At the time of the attack, the U.S. government accused Libya of sponsoring terrorism. Tripoli remained on the State Department's list of state sponsors of terrorism until 2006.(Editing by Charles Dick)

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 JUNE 10,2009

09:30 AM +2.20
10:00 AM +47.10
10:30 AM +17.89
11:00 AM -11.19
11:30 AM -22.00
12:00 PM -21.69
12:30 PM -29.63
01:00 PM -66.89
01:30 PM -68.78
02:00 PM -102.94
02:30 PM -89.41
03:00 PM -62.35
03:30 PM -66.74
04:00 PM -24.04 8739.02

S&P 500 939.15 -3.28

NASDAQ 1853.08 -7.05

GOLD 956.20 +1.20

OIL 71.24 +1.23

TSE 300 10,581.53 +33.67

CDNX 1142.39 -1.57

S&P/TSX/60 643.26 +2.11

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -0.15%
S&P +4.34%
Nasdaq +17.95%
TSX Advances 899,declines 642,unchanged 286,Volume 2,191,229,776.
TSX Venture Exchange Advances 459,Declines 393,Unchanged 334,Volume 357,434,597.
BY THE YEAR MARK NEXT YEAR THE FED WILL HAVE ROBBED THE AMERICANS OF $26+ TRILLION DOLLARS TO OFFSHORE BANKERS (EU INTERESTS) LIKE THE BIBLE SAYS WOULD HAPPEN.

Dow +68 points at 4 minutes of trading today.
Dow -39 points at low today.
Dow +71 points at high today so far.
GOLD opens at $962.70.OIL opens at $71.08 today.

AFTERNOON,NEWS,STATS
Dow -68 points at low today so far.
Dow +71 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 1,456,declines 1,775,unchanged 108,New Highs 10,New Lows 28.
Volume 2,675,281,870.
NASDAQ Advances 902,declines 1,676,unchanged 126,New highs 42,New Lows 15.
Volume 996,306,611.
TSX Advances 797,declines 543,unchanged 278,Volume 1,271,572,484.
TSX Venture Exchange Advances 311,Declines 299,Unchanged 316,Volume 169,811,598.

WRAPUP,NEWS,STATS
Dow -124 points at low today.
Dow +71 points at high today.
Dow -0.27% today Volume 219,834,614.
Nasdaq -0.36% today Volume -.
S&P 500 -0.35% today Volume N/A

Oil rallies as supply plummets,Crude stockpiles sank by 4.4 million barrels, while analysts had expected an increase. Prices jump above $71.
http://money.cnn.com/2009/06/10/markets/oil/ (VIDEO)
By Julianne Pepitone, CNNMoney.com contributing writer.Last Updated: June 10, 2009: 11:04 AM ET

NEW YORK (CNNMoney.com) -- Oil prices rallied Wednesday after a weekly government inventory report said crude supplies sank sharply and unexpectedly.In its weekly inventory report, the Energy Information Administration said crude stocks fell by 4.4 million barrels in the week ended June 5. Analysts expected oil supplies to increase by 800,000 barrels, according to a consensus estimate of industry analysts surveyed by Platts, a global energy information provider.Light, sweet crude for July delivery rose $1.09 to $71.10 per barrel at 11 a.m. ET, holding even with the price just prior to the report's release at 10:30 a.m.Investors were looking to the EIA report for confirmation of a separate Tuesday report from the American Petroleum Institute, which said U.S. crude stocks fell by 6 million barrels last week.Despite the recession curtailing demand, crude prices have been rising. On Tuesday, oil gained more than 2.8% to end above $70 for the first time in seven months. Since the end of 2008, oil has doubled in price.

0:00 /3:53Behind oil's steady rise
The EIA's short-term energy outlook, released Tuesday, forecast that crude will average $67 per barrel in the second half of 2009, up $16 from the first half. Soft dollar: On Wednesday, the greenback fell against the euro and the pound, but gained on the yen.The price of oil often rises when the buck falls, because crude is priced in dollars around the world.

0:00 /1:07Weak dollar boosts oil
Gasoline: Stockpiles of gasoline fell by 1.6 million barrels. Analysts predicted a 1.1-million-barrel increase. The national average price for a gallon of regular unleaded gasoline increased to $2.627 from $2.622 the previous day, according to motorist group AAA. That's the 43rd consecutive day of increases.The EIA predicted that gas prices will reach a monthly average of close to $2.70 in July, the middle of the summer driving season. The EIA report also said distillates, which are used to make heating oil and diesel, fell by 300,000 barrels. Analysts expected an increase of 1.1 million barrels.First Published: June 10, 2009: 7:23 AM ET

Tough decisions on financial supervision remain for summit
ANDREW WILLIS Today JUNE 10,09 @ 07:52 CET

EUOBSERVER / BRUSSELS – Finance ministers meeting in Luxembourg on Tuesday (9 June) made progress on a new financial supervisory framework for the European Union but failed to reach an agreement on several of its most contentious issues. Division over who should chair a new body designed to monitor overall risk levels in the European financial system mean EU leaders will be left to make the tough decisions when they meet in Brussels on 18-19 June.At stake is the chairmanship of the proposed European Systemic Risk Council, with the European Commission last month suggesting the position should be filled by the president of the European Central Bank. The UK and a number of other member states outside the Eurozone however, fear their interests will not be represented sufficiently if this is the case, with wrangling now likely to continue all the way up to the next European summit in just over one week. I am fully sure that the European Council [of EU leaders] will adopt the commission position, economy commissioner Joaquin Almunia said confidently on Tuesday evening, citing the Eurozone's 16-country membership as sufficient to ram the proposal through.

Binding mediation

As well as the ESRC chairmanship, another bone of contention surrounds commission proposals to give powers of binding mediation to three new European-level authorities that will oversee national regulators in the areas of banking, insurance and securities.While finance ministers agreed on Tuesday that the three authorities should have their own personality, the UK opposes handing them the power to settle disputes between national regulators. Writing in the Financial Times on Tuesday, Lord Myners, financial services secretary to the UK Treasury, said shifting powers to the EU level brought no guarantee of strengthened stability and that ultimately national governments should retain the last word. National supervision must be pre-eminent when the cost of the failure of an institution lies with the taxpayer,says Mr Myners in the article.However Swedish Prime Minister Fredrik Reinfeldt, whose country will take over the EU's rotating presidency next month, appeared to take a different position when speaking in Brussels on Tuesday.Financial turmoil is above the nation state,said Mr Reinfeldt while addressing an audience at the Centre for European Policy Studies. The Swedish leader said Stockholm would seek to get agreement on the issue under its presidency.

Considerable agreement despite the disagreement

As well as preparing the background on financial supervision for the upcoming summit, finance ministers signed off on a report stating that stimulus spending to date within the EU has been timely, targeted and temporary and that no further spending was needed at present.Today we paid attention to an exit strategy and this discussion will continue in the coming months,said Mr Almunia, whose institution has warned over the dangers of rising budget deficits in different member states. Czech Finance Minister Eduard Janota – whose country currently holds the EU presidency – said the recapitalisation of banks and the various guarantee schemes had helped prevent a financial meltdown but cautioned against over optimism. The banking sector remains fragile and in the future we will need to deal with the bad assets [held by banks], he said.The ministers also discussed the financing of measures to fight climate change as the EU attempts to come up with a common position before entering into United Nations discussions in Copenhagen this December.The EU is at the forefront of the fight against climate change and we should not abandon this position, said Mr Almunia, an acknowledgement that some EU member states including Poland are keen to calculate individual contributions before agreeing on a final EU figure.

Famous women conquer European Parliament
VALENTINA POP Today JUNE 10,09 @ 17:30 CET

EUOBSERVER / BRUSSELS – EU commissioners, impressive justice campaigners or just young and splashy, they are the famous women who scored big in the European elections.

She always wears Dior and has made a name for herself as France's first justice minister with an immigrant background. Rachida Dati, the 43-year old single mother who went back to work five days after giving birth to her daughter, secured a safe victory for Nicolas Sarkozy's Union for a Popular Movement (UMP). The party scored 27.8 percent of the votes, eleven percentage points ahead of the rival Socialist party.A big winner in the French elections was also the Green Eva Joly, second on the Europe Ecologie list after Daniel Cohn-Bendit. A Norwegian-French magistrate specialised in financial affairs, the 65-year old Ms Joly played a key role in exposing high-level corruption in the French state-owned oil giant, Elf Aquitaine. Ms Joly said she hoped to gain a majority in the new EU legislature to seriously combat fiscal paradises and for more justice between the North and the South.Earlier this year she was employed by the Icelandic government to investigate the possibility of fraud and embezzlement in the financial crisis which paralysed the country since 2008.

In the UK, Argentine-born Spanish accountant Marta Andreasen also got a seat in the European Parliament, but on a eurosceptic ticket on the lists of the Independence Party (Ukip). A former EU commission accountant, Ms Andreasen became well known after she refused to sign off the 2001 accounts, citing serious and glaring irregularities in the commission's books. She was suspended only months later for failure to show sufficient loyalty and respect,underwent a disciplinary procedure and in the end was fired in 2005.Possibly no other case than mine has shown better how easily a bureaucracy – without any kind of external constitutional mechanism to correct or qualify its procedures – can become a tyranny, she wrote in her recent book Brussels laid bare.Similar to Ms Andreasen, former Romanian justice minister Monica Macovei, highly appreciated in Europe for her strong anti corruption drive, was also dismissed from the government in 2007 on grounds of lack of loyalty after she refused to sign off governmental decrees which were custom-made for the political elite. Ms Macovei won a seat on the lists of the centre-right Democratic Liberal Party (PDL), currently leading partner in a governing coalition together with the Social Democrats.Asked how she envisaged her role in the new legislature, Ms Macovei said she wouldn't like to see bad Romanian habits, such as corruption of local officials brought to Brussels, but she would rather bring justice and the rule of law from Brussels back home, once and for all.A symbol for the fight against organised crime, Rita Borsellino, sister of a famous judge killed by the Sicilian mafia scored third with 229,981 votes, after Silvio Berlusconi (2.7 million votes) and centre-left leader David Sassoli (400,502 votes).In Spain, the sister of an ETA-victim, Theresa Becerril, also did well in the European elections, winning a seat on the lists of the centre-right Popular Party, who defeated the ruling Social-Democrats.

Commissioners elected as MEPs

Polish commissioner Danuta Hubner, currently in charge of the bloc's regional policies, received a resounding victory on Sunday, as she won 43 percent in her constituency, Warsaw. Her opponent Michal Kaminski,, former MEP and secretary of state in the presidential chancellery of Lech Kaczynski, only scored ten percent of the votes in that constituency.As she ran on the party list of the ruling Civic Platform led by Prime Minister Donald Tusk, Ms Hubner could stand a chance of being nominated again as commissioner later this fall. Similar to her case, Bulgarian commissioner Meglena Kuneva, in charge of consumer protection, might also retake a portfolio in the next EU executive, but so far has secured her MEP seat on the lists of the otherwise badly scoring party of former Bulgarian king Simeon II. Ms Kuneva got the highest score among the voters who supported her party – 28.5 percent. Ms Kuneva's Facebook profile was also the most popular amongst Internet-users, according to Bulgarian press reports.Telecoms commissioner Viviane Reding secured the victory in Luxembourg of the centre-right Christian-Social party led by Prime Minister Jean-Claude Juncker. However, the party lost seven percentage points compared to 2004 when Mr Juncker was head of the list.A former EU commissioner from Latvia, Sandra Kalniete managed to get the most votes for her party, the centre-right Civic Union, which scored 24.32 percent. The party is a junior member of Latvia's coalition government. Prime Minister Valdis Dombrovskis's New Era party won only 6.66 percent of the vote. Ms Kalniete's victory reflected the public's sympathy after she was sidelined and not sent as a full commissioner in 2004 after quitting the ruling party. Meanwhile, Anna Maria Corazza Bildt, wife of Swedish foreign minister Carl Bildt, has surprised pundits and is set to win one of the country's 18 seats.Ms Bildt, who has worked for the United Nations on the Balkans, overshadowed top-candidate Gunnar Hokmark in the popular vote, signalling she would clinch one of the party's four seats. The vote count was due to be completed Wednesday.

Flashy and controversial

Former Miss Italy contender Barbara Matera was also popular with the voters, scoring second in the south of the Peninsula after her party leader Silvio Berlusconi. The scandal-prone premier kept only Ms Matera on the list, from an initial handful of top models and TV hostesses aimed at renewing the image of Italy in Europe.The 27-year old TV hostess rejected her showgirl image and said her bid was challenging the prejudice that beauty and intellect cannot co-exist.As flashy as Ms Matera and as well-connected to the country's top politics is Elena Basescu, the daughter of the Romanian president, who won her seat in the European Parliament with 4.2 percent of the votes.She ran as an independent, but according to an investigation ran by the news portal Hotnews.ro, the centre-right Liberal-Democratic Party (PDL) of her father sacrificed some of the votes of its members in order to get her in. The journalist phoned up eight party branches across the country, pretending he was a party official from Bucharest and asked about their strategies to secure the votes for Ms Basescu. Five of the eight branches confirmed they had activists who would vote for her. The president's daughter rejoined PDL on the day following the elections and claimed she was the target of media attacks because of her family origin.

Russia May Swap Some U.S. Treasuries for IMF Debt
Alex Nicholson and Dakin Campbell Bloomberg June 10, 2009

Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower.Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said some reserves may be moved from Treasuries into IMF debt, reiterating comments made last month by Finance Minister Alexei Kudrin. Ulyukayev’s remarks were confirmed by a Bank Rossii official who declined to be named, citing bank policy.Treasuries fell, pushing 10-year yields toward the highest level in seven months, in response to Ulyukayev’s statement. The dollar fell against the euro on speculation that Russia will reduce its holdings of U.S. debt.About 30 percent of Russia’s international reserves, which stood at $401.1 billion on May 29, are currently held in Treasuries, Ulyukayev said. Kudrin said on May 26 that Russia planned to buy $10 billion of IMF bonds using money from its foreign reserves.

Tories call in Mounties over mint's missing millions CHRISTOPHER PIKE FOR THE TORONTO STAR Employees work June 8, 2009 at the Royal Canadian Mint in Ottawa, where there are worries security could have been breached following the revelation that a large amount of precious metals recorded on the books is missing. The mint uses gold, silver, platinum and palladium in its operations.Canada's money-makers can't find tens of millions in precious metals that are shown on the books Jun 09, 2009 03:05 PM
Bruce Campion-Smith OTTAWA BUREAU CHIEF

OTTAWA – The federal government has asked the RCMP to launch an investigation into the tens of millions worth of precious metals that have gone missing from the Royal Canadian Mint.The announcement comes after an external audit was launched to reconcile the mint's records with the physical stock of metals.And it comes after the Star revealed today that the value of the missing metal was worth more than $10 million.I think we are all very concerned, said Rob Merrifield, minister of state for transport, the department responsible for the mint.Merrifield said he instructed mint staff today to call in the Mounties to assist with the ongoing audit, which has been under way since early March.The external audit is trying to reconcile the mint's records with the physical stocks of gold, silver, platinum and palladium, the four precious metals used by the Crown corporation in its production of coins and collector sets.Mint officials remain confident that bookkeeping errors are to blame. But they haven't ruled out theft and some at the institution now believe a police probe is inevitable if the review – due to be released in two weeks – is unable to provide good answers.Given the high value of the missing metals, NDP MP Thomas Mulcair said yesterday that mint staff should be calling on police to immediately launch a criminal investigation.There's no possible way to explain the loss of tens of millions of dollars through simple administrative or bureaucratic foul-ups and missteps,he said in an interview.He faulted the Conservative government for not being more forthcoming about the controversy.

People understand that mistakes happen ... but they tried to dismiss the whole thing from the beginning,said Mulcair (Outremont).Well, if there's tens of millions of dollars missing, there's clearly lots to worry about... This is a really serious amount of money and it deserves really serious attention.Liberal MP Joe Volpe (Eglinton—Lawrence) said the mint's international reputation – it produces coins for at least 12 other nations – is taking a battering each day the probe drags on with the prospect security may have been breached.How long does it take for this government to figure out what is going on? Volpe said.Either money is running out the door or they have a serious problem making two and two add up to four.In fact, Volpe suggested the mint and the government already know the results of the audit and are sitting on bad news.I suspect they have the answer and they have reason for not publicizing it,he said.Mint spokeswoman Christine Aquino yesterday declined to comment on the value of the metals or any aspect of the audit.We're going to wait for the review to come out in the next couple of weeks, she said.However, last week she said an unprecedented demand for gold in 2008 put pressure on the mint's internal control systems, which led to the unreconciled difference between the gold on hand and the value recorded in the mint's books.In 2007, the mint refined a total of 5.4 million troy ounces of precious metals; of that, gold represented 2.8 million troy ounces, or about 86,000 kilograms. The mint sold 278,616 troy ounces of gold bullion in the form of coins, wafers and bars.

OPINION JUNE 10, 2009 Get Ready for Inflation and Higher Interest Rates The unprecedented expansion of the money supply could make the 70s look benign.By ARTHUR B. LAFFER

Rahm Emanuel was only giving voice to widespread political wisdom when he said that a crisis should never be wasted.Crises enable vastly accelerated political agendas and initiatives scarcely conceivable under calmer circumstances. So it goes now.Here we stand more than a year into a grave economic crisis with a projected budget deficit of 13% of GDP. That's more than twice the size of the next largest deficit since World War II. And this projected deficit is the culmination of a year when the federal government, at taxpayers' expense, acquired enormous stakes in the banking, auto, mortgage, health-care and insurance industries.With the crisis, the ill-conceived government reactions, and the ensuing economic downturn, the unfunded liabilities of federal programs -- such as Social Security, civil-service and military pensions, the Pension Benefit Guarantee Corporation, Medicare and Medicaid -- are over the $100 trillion mark. With U.S. GDP and federal tax receipts at about $14 trillion and $2.4 trillion respectively, such a debt all but guarantees higher interest rates, massive tax increases, and partial default on government promises.

But as bad as the fiscal picture is, panic-driven monetary policies portend to have even more dire consequences. We can expect rapidly rising prices and much, much higher interest rates over the next four or five years, and a concomitant deleterious impact on output and employment not unlike the late 1970s.About eight months ago, starting in early September 2008, the Bernanke Fed did an abrupt about-face and radically increased the monetary base -- which is comprised of currency in circulation, member bank reserves held at the Fed, and vault cash -- by a little less than $1 trillion. The Fed controls the monetary base 100% and does so by purchasing and selling assets in the open market. By such a radical move, the Fed signaled a 180-degree shift in its focus from an anti-inflation position to an anti-deflation position.The percentage increase in the monetary base is the largest increase in the past 50 years by a factor of 10 (see chart nearby). It is so far outside the realm of our prior experiential base that historical comparisons are rendered difficult if not meaningless. The currency-in-circulation component of the monetary base -- which prior to the expansion had comprised 95% of the monetary base -- has risen by a little less than 10%, while bank reserves have increased almost 20-fold. Now the currency-in-circulation component of the monetary base is a smidgen less than 50% of the monetary base. Yikes! Bank reserves are crucially important because they are the foundation upon which banks are able to expand their liabilities and thereby increase the quantity of money.Banks are required to hold a certain fraction of their liabilities -- demand deposits and other checkable deposits -- in reserves held at the Fed or in vault cash. Prior to the huge increase in bank reserves, banks had been constrained from expanding loans by their reserve positions. They weren't able to inject liquidity into the economy, which had been so desperately needed in response to the liquidity crisis that began in 2007 and continued into 2008. But since last September, all of that has changed. Banks now have huge amounts of excess reserves, enabling them to make lots of net new loans.

The way a bank or the banking system makes new loans is conceptually pretty simple. Banks find an entity that they believe to be credit-worthy that also wants a loan, and in exchange for the new company's IOU (i.e., loan) the bank opens up a checking account for the customer. For the bank's sake, the hope is that the interest paid by the borrower more than makes up for the cost and risk of the loan. The recently ballyhooed stress tests on banks are nothing more than checking how well a bank can weather differing levels of default risk.What's important for the overall economy, however, is how fast these loans are made and how rapidly the quantity of money increases. For our purposes, money is the sum total of all currency in circulation, bank demand deposits, other checkable deposits, and travelers checks (economists call this M1). When reserve constraints on banks are removed, it does take the banks time to make new loans. But given sufficient time, they will make enough new loans until they are once again reserve constrained. The expansion of money, given an increase in the monetary base, is inevitable, and will ultimately result in higher inflation and interest rates. In shorter time frames, the expansion of money can also result in higher stock prices, a weaker currency, and increases in commodity prices such as oil and gold.At present, banks are doing just what we would expect them to do. They are making new loans and increasing overall bank liabilities (i.e., money). The 12-month growth rate of M1 is now in the 15% range, and close to its highest level in the past half century.With an increased trust in the overall banking system, the panic demand for money has begun to and should continue to recede. The dramatic drop in output and employment in the U.S. economy will also reduce the demand for money. Reduced demand for money combined with rapid growth in money is a surefire recipe for inflation and higher interest rates. The higher interest rates themselves will also further reduce the demand for money, thereby exacerbating inflationary pressures. It's a catch-22.

It's difficult to estimate the magnitude of the inflationary and interest-rate consequences of the Fed's actions because, frankly, we haven't ever seen anything like this in the U.S. To date what's happened is potentially far more inflationary than were the monetary policies of the 1970s, when the prime interest rate peaked at 21.5% and inflation peaked in the low double digits. Gold prices went from $35 per ounce to $850 per ounce, and the dollar collapsed on the foreign exchanges. It wasn't a pretty picture.Now the Fed can, and I believe should, do what it must to mitigate the inevitable consequences of its unwarranted increase in the monetary base. It should contract the monetary base back to where it otherwise would have been, plus a slight increase geared toward economic expansion. Absent this major contraction in the monetary base, the Fed should increase reserve requirements on member banks to absorb the excess reserves. Given that banks are now paid interest on their reserves and short-term rates are very low, raising reserve requirements should not exact too much of a penalty on the banking system, and the long-term gains of the lessened inflation would many times over warrant whatever short-term costs there might be.

Alas, I doubt very much that the Fed will do what is necessary to guard against future inflation and higher interest rates. If the Fed were to reduce the monetary base by $1 trillion, it would need to sell a net $1 trillion in bonds. This would put the Fed in direct competition with Treasury's planned issuance of about $2 trillion worth of bonds over the coming 12 months. Failed auctions would become the norm and bond prices would tumble, reflecting a massive oversupply of government bonds.In addition, a rapid contraction of the monetary base as I propose would cause a contraction in bank lending, or at best limited expansion. This is exactly what happened in 2000 and 2001 when the Fed contracted the monetary base the last time. The economy quickly dipped into recession. While the short-term pain of a deepened recession is quite sharp, the long-term consequences of double-digit inflation are devastating. For Fed Chairman Ben Bernanke it's a Hobson's choice. For me the issue is how to protect assets for my grandchildren.Mr. Laffer is the chairman of Laffer Associates and co-author of The End of Prosperity: How Higher Taxes Will Doom the Economy -- If We Let It Happen (Threshold, 2008).Printed in The Wall Street Journal, page A15.

GM, Amtrak and an Increasingly Fascist America
by Ron Paul JUNE 9,09

Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The government will dump another $30 billion into GM and take a 60 percent controlling interest for it. Public officials are now involving themselves in tactical business decisions such as where GM’s headquarters should move and what kind of cars it will build.The promise that this is temporary and will eventually be profitable is supposed to ease the American people into accepting this arrangement, but it is of little comfort to those who remember similar promises when the American taxpayers bought Amtrak. After three years, government was supposed to be out of the passenger rail business. 40 years and billions of dollars later, the government is still operating Amtrak at a loss, despite the fact that they have created a monopoly by making it illegal to compete with Amtrak. Imagine what they can now do to what is left of the great American auto industry!In a truly free market, GM would get your money one way and one way only – by selling you a car you want, at a price you are willing to pay. Instead, the government is giving public money to a private company in spite of the market signals it has been sending. Throwing money at GM does not stop it from being an engine of wealth destruction; on the contrary, it simply gives it more wealth to destroy.

Had it been allowed to fail naturally, the profitable pieces of GM would have been bought up and put to good use by now. The laid off employees would likely have found new jobs and all that capital would be in private hands, reinvested in companies that produce products demanded by consumers. Instead, we are all poorer now. Political pressure, rather than the rule of law, is deciding how to divide up the remains of GM. The bondholders had billions in retirement savings invested in the company, and though they were entitled to nearly three times as much as the United Auto Workers, the bondholders were left with just a 10 percent stake compared to the union’s 17.5 percent stake. For their 60 percent stake, taxpayers have a future of constant bailouts to look forward to.Comingling public control of private business is known as fascism. While today’s politicians may feel emboldened with all their new power, history will only repeat itself as all this collapses on itself. It is the height of hubris for bureaucrats and politicians to attempt to control the market and the free will of the American people. In the end, the market always wins out. Maybe one day future generations will wise up and allow free markets to function and thrive without the albatross of government around its neck. For now, it looks like those in charge have not learned the lessons of the past, and have doomed us to repeat those mistakes once again.

High court clears way for Chrysler's sale to Fiat By BREE FOWLER, AP Auto Writer Bree Fowler, JUNE 9,09

NEW YORK – The Supreme Court on Tuesday cleared the way for Chrysler's partnership with Italy's Fiat, rejecting an appeal by a trio of Indiana pension and contruction funds, consumer groups and others to block the automaker's sale.The sale of Chrysler LLC's assets to Fiat Group SpA had been expected to close more than a week ago, but Supreme Court Justice Ruth Bader Ginsburg's Monday decision to delay the sale while studying an appeal by the Indiana state funds threatened to derail Chrysler's restructuring plans.A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene. The Indiana funds, which hold less than 1 percent of Chrysler's secured debt, claim the sale unfairly favors Chrysler's unsecured stakeholders such as the union ahead of secured debtholders like themselves.Justice Ginsburg ordered a temporary delay just before a 4 p.m. deadline on Monday. Chrysler, Fiat and the Obama administration warned that the high court's intervention could scuttle the sale, which faced a June 15 deadline after which Fiat could exit the arrangement.Early Tuesday, the pension plans seized on comments from Fiat officials that they would not walk away from the deal even if June 15 were to pass without completing the sale. The plans tried to persuade the justices that there was no reason to rush to meet that deadline. But Chrysler, Fiat and the Obama administration stressed in response that Chrysler was losing $100 million every day its plants remain closed and that the deal would automatically terminate in less than a week, with no guarantee that a new agreement would be reached.

If the closing is delayed by more than 10 days, the government will need to either to increase its overall funding to the detriment of taxpayers, or abandon its role in the transaction,the administration said.Late Tuesday, the Supreme Court turned down the opponents' last-ditch bid. The court issued a brief, unsigned opinion explaining its action. To obtain a delay, or stay, someone must show that at least four of the nine justices find that the issue raised is serious enough to warrant hearing a full appeal and that a majority of the court will conclude the lower court decision was wrong.

The applicants have not carried that burden,the court said.

The court did not consider the merits of the opponents' arguments, only whether to hear their full-blown appeal.Indiana Treasurer Richard Mourdock expressed disappointment with the decision and said options seem limited for opponents of the sale.Obviously the supreme court of the land is the supreme court of the land, Mourdock said.The United States government has, I continue to believe, acted egregiously by taking away the traditional rights held by secured creditors.The White House issued a statement applauding the decision:The Chrysler-Fiat alliance can now go forward, allowing Chrysler to re-emerge as a competitive and viable automaker.Also Tuesday, a bankruptcy judge approved Chrysler's plan to terminate 789 of its dealer franchises.U.S. Judge Arthur Gonzalez's order says the franchises, which represent about 25 percent of the company's dealer base, can no longer act as authorized Chrysler, Dodge and Jeep dealers, effective immediately. A written ruling explaining the decision was expected to be filed later.Earlier in the day, more than 25 attorneys representing hundreds of dealers from across the country argued in court that little would be gained by terminating the franchises, while Chrysler maintained that the move is a necessary part of its plan to cut costs and quickly emerge from Chapter 11.Many of the dealers were trying to sell the last cars on their lots and preparing to shut their doors for good at the end of the day, while others planned to sell used cars or other brands after severing ties with Chrysler.At Tuesday's hearing, Chrysler attorneys also said the automaker would extend until Monday its program to help the affected dealers send any unsold vehicles to other dealers.

Auburn Hills, Mich.-based Chrysler has passed swiftly through about five weeks of bankruptcy proceedings and now appears to be able complete the sale of its assets to Fiat by June 15 and emerge from bankruptcy protection shortly thereafter. Chrysler's ability to speed through the bankruptcy process has partially been a result of the involvement of the Obama administration's auto task force, which provided $4.5 billion in financing and helped negotiate a deal with the company's stakeholders. Under the agreement brokered in the days leading up to Chrysler's April 30 Chapter 11 filing, Fiat will receive up to a 35 percent stake in the automaker, in exchange for sharing the technology Chrysler needs to create smaller, more fuel-efficient vehicles.The United Auto Workers union will get a 55 percent stake that will be used to fund its retiree health care obligations, while the U.S. and Canadian governments will receive a combined 10 percent stake. Meanwhile, the automaker's secured debtholders would get $2 billion in cash, or about 29 cents on the dollar, for their combined $6.9 billion in debt. Some of the debtholders balked at the deal, saying as secured lenders they deserved more. The Indiana funds involved in the Supreme Court appeal hold about $42.5 million, or less than 1 percent, of Chrysler's $6.9 billion in secured debt. They bought it in 2008 for 43 cents on the dollar. The funds have also challenged the constitutionality of the Treasury Department's use of money from the Troubled Asset Relief Program to supply Chrysler's bankruptcy protection financing. They say the government did so without congressional authority. Consumer groups and individuals with product-related lawsuits also contested a condition of the Chrysler sale that would release the company from product liability claims related to vehicles it sold before the asset sale to Fiat. Compensation for such claims would have to come from the parts of the company not being sold to Fiat. But those assets have limited value and it's unlikely there will be anything to pay out.

Congress continues to scrutinize the Obama administration's restructuring of Chrysler and GM. The Senate Banking Committee said it planned to call Ron Bloom, a senior adviser to the auto task force, and Edward Montgomery, who serves as the Obama administration's director of recovery for auto communities and workers, to a hearing Wednesday.Associated Press writers Mark Sherman and Ken Thomas in Washington, Colleen Barry in Milan and Tom Krisher in Detroit contributed to this report.