TORONTO STRIKE CONTINUES

Brussels puts forward stricter rules for banks
LUCIA KUBOSOVA Today JULY 14,09 @ 09:23 CET

Banks in the European Union will have to restrict their investment in risky operations under new rules proposed by Brussels as part of a response to the current financial crisis.We are acting ambitiously to prevent lightning striking twice,said Jose Manuel Barroso, the president of the European Commission, the EU's main regulator introducing the new legislation on Monday (13 July).The blueprint aims to revise the bloc's existing rules on capital requirements for banks in two key areas – securitisation and remuneration, viewed by experts as the key factors contributing to the crisis in the financial sector. Both are linked with risk taking in the financial sector: securitisation involves pooling and repackaging of cash-flow-producing financial assets into securities then sold to investors that could worsen or lose their credit if the transaction is improperly structured. Banks' remuneration policies can motivate their managers to seek short-term profits in risky areas such as securities which could lead to further problems.But under the proposed new EU rules, the risk-taking would be more costly and more strictly supervised: banks will be restricted in their investments in highly complex re-securitisations if they cannot demonstrate that they have fully understood the risks involved.The new rules will also tighten up disclosure requirements to increase the market confidence that is necessary to encourage banks to start lending to each other again, and roughly double their current trading book capital requirements.

On top of that, national supervisors will be asked to review banks' payment regulations and impose sanctions if they do not follow the newly agreed principles – if and when the Brussels' bill gets adopted by the European Parliament and national governments.The requirements on pay and bonuses are designed to put an end to the culture of excessive risk-taking for short-term success at the expense of long-term profitability and sound risk management,said EU internal market commissioner Charlie McCreevy.This package of amendments will strengthen the risk management, transparency and sound investment practices that are key to a healthy and stable banking system, he added.The EU executive filed its proposal on the same day as the so-called Basel Committee on Banking Supervision announced it had adopted its final draft on global reform of the financial sector which will also demand banks to hold more capital against re-securitised products, according to the Financial Times.However, the full details of the world's banking reform to be adopted by the key global powers will only be published later this year.The Basel Committee on Banking Supervision is an institution created in 1974 by the central bank Governors of a group of ten nations - Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the US.

Norway to renew regional aid for EU newcomers
VALENTINA POP Today JULY 14,09 @ 08:01 CET

EUOBSERVER / BRUSSELS – Non-EU members Norway, Iceland and Liechtenstein are set to renew a five-year funding scheme of over €1 billion for energy, social and democracy projects in the bloc's poorest member states. We have made good progress and we hope to finalize the negotiations before the summer break,Rune Bjastad, spokesman for the Norwegian mission to the EU told this website.Norway is the leading negotiator with the European Commission, with Oslo funding 97 percent of the current €1.3 billion allocated to EU's 12 most recent members, as well as Greece, Portugal and Spain.In parallel to the renewal of the funding scheme, which ended in April, Oslo is also negotiating bigger export quotas for its fish products onto the EU market.We've had a tough but constructive dialogue with the commission on several matters, and we hope to see a conclusion very soon,Mr Bjastad added.The funding is likely to increase, but the exact amount is still being negotiated. A commission spokeswoman declined to comment until the ongoing negotiations were finalised.Norway had attempted to remove Greece and Spain from the next funding scheme, and reallocate the money to the poorer newcomers. But so long as the two states are still receiving EU money for some of their poorer regions to catch up with the rest of the bloc's economies, Norway was unable to completely scrap them from the scheme.

Oslo already made a move in this direction in 2004, when it increased its contribution almost tenfold, but put half of the money in a separate fund, the co-called Norway Grants, which excluded Spain, Greece and Portugal. Only projects from Poland, Hungary, the Czech Republic, Slovakia, Slovenia, Estonia, Latvia, Lithuania, Cyprus and Malta, and from 2007 Bulgaria and Romania, were accepted.The EEA Grants worth €672 million, which include contributions from Iceland and Liechtenstein, also accept Spanish, Greek and Portuguese projects, along with the ones from the 12 new member states.Both funds are administered by the same financial office, based in Brussels. The projects are similar to those funded under the EU's regional policy, but focus more on environment, energy efficiency, as well as democracy promotion, non-governmental organisations and implementing the requirements for the border-free area known as the Schengen zone.Projects had to be submitted by April 2009, but reimbursements will still run until 31 December 2011.

Poland receives most

Examples of grants include a zero-emissions conference centre in Hungary, worth €523,246 and inaugurated in June 2008. It has the largest sun-fed power capacity in the country, hosting a regional NGO focusing on environmental problems in Central and Eastern Europe.Cross-border cooperation in the broader region within the Carpathian mountains – spanning Poland, Hungary, Romania, Slovakia and Ukraine is financed with a €398,863 grant, while Portugal got €408,970 for a project aimed at saving the dolphins from the fishermen's nets.With over half a billion, Poland is the biggest net recipient of the EEA/Norway Grants, followed by Hungary (€127.4 million), the Czech Republic (€104 million) and Romania (€91.4 million).The three Baltic states received some €140 million altogether, while better-off Spain, Portugal and Greece got roughly €80 million for projects contracted in the last five years.Money can be administered directly by an NGO or by an office within the national government. In the next five years, the NGO model is likely to become stronger.

Keeping an eye on the money

Norway, Iceland and Liechtenstein are keen to see their money spent correctly and have set up several cross-checking and auditing mechanisms.It is important for the donor states to see that their money is being spent on good projects, without suspicions of misuse of funds, Sigve Soldal Bjorstad, spokesman for the EEA/Norway Grants financial mechanism office told EUobserver.National authorities are responsible for the follow-up and control of funds, but the office also makes random audits, as well as site visits to projects worth over 2 million euro and where risk factors appear.If there is evidence of fraud or mismanagement of funds, the reimbursements can be stopped. So far, the three donor countries have not experienced such cases, but with over 1,000 ongoing projects, there is more follow-up to be done, Mr Bjorstad said.

EU to unfreeze pre-accession farm cash for Romania JULY 13,09

Romania will soon receive a European Union reimbursement of 189 million euros ($262.9 million) in agricultural funding blocked last year due to irregularities, the European Commission said on Monday.The cash is part of an EU funding programme known as Sapard granted for Romania between 200O and 2006 to help it prepare its farming sector for accession to the European Union. Romania and Bulgaria became full EU members in January 2007.Under the scheme, Romania was allowed to spend the money up to the end of 2008, a deadline then extended to the end of 2009.But in July last year, the Commission said it had found shortcomings in Romania's farm payment system, and decided to suspend its usual reimbursement of Sapard fund claims submitted by Bucharest until the situation was rectified.We've written a letter to the Romanian authorities to unfreeze this money,one Commission official said.They (Romania) have implemented an action plan, an internal audit and acceded to our request for more information,he added.The EU earmarked 1.16 billion euros in Sapard funding for Romania over the 2000-06 period, of which 957 million was declared by Bucharest as utilised, he said. The Commission had only reimbursed 768 million, leaving 189 million euros blocked.They haven't got long to spend this money, only until the end of this year,the official said. (Reporting by Jeremy Smith)(2009) Thomson Reuters

South Korea - President - Korea reaches FTA deal with EU,FTA negotiations between Korea and the European Union, which have lasted over two years, reached a final agreement on Monday (July 13).

In a joint press conference following the Korea-Sweden summit in Stockholm, President Lee Myung-bak said both he and Swedish Prime Minister Fredrik Reinfeldt welcomed the final free trade agreement reached between Korea and the EU.Lee also said the two leaders expected that the Korea-EU FTA signing process will proceed soon. Sweden currently holds the six-month rotating EU presidency.The Swedish Prime Minister said that there had been significant progress in the bilateral FTA negotiations over the last week, and hoped that Sweden would be able to iron out differences of opinions among the EU members until the deal is finally signed.Meanwhile, Korea's Trade Minister Kim Jong-hoon and his Swedish counterpart Ewa Bjorling had a meeting and gave out a press communique detailing the final trade agreement between Korea and the EU, which is considered by many as the conclusion of the Korea-EU FTA deal.Following the agreement reached on Monday, the two sides are said to begin legal review of the agreement right away and are expected to initial the document around September. The bilateral FTA is expected to take effect late this year or early next year, after the agreement is reviewed and ratified by 28 legislatures -- Korea and EU member countries.

The EU, having 27 member nations, is the world's largest single economic bloc with a population of 500 million and a GDP of US trillion. For Korea, the bloc is its second largest trading partner after China.Regarding the agreement, President Lee said that the Korea-EU FTA will not only bring benefits to the two economies, but also send a strong message to the world against global protectionism.The president also said earlier in the day through a radio address broadcast in Korea that the Korea-EU FTA will bring epoch-making changes to Korea's trade.

Buzek election hailed as historic
ANDREW WILLIS Today JULY 14,09 @ 14:51 CET

EUOBSERVER / STRASBOURG – Polish centre-right MEP Jerzy Buzek was elected as president of the European parliament on Tuesday (14 July) following a secret ballot held in a packed Strasbourg plenary chamber. The election of a deputy from a former communist country which joined the European Union just five years ago was hailed by politicians across the political divide as an historic event.Speaking of how he once dreamed of a Poland free from communism, Mr Buzek said: Today I have been elected president of the European parliament, that's a sign of how things can change.I wish to work with all of you regardless of your political beliefs,he told MEPs, adding that climate change, the economic crisis, and bringing citizens closer to the European project would be among his main priorities. Mr Buzek – a scientist by training - was elected to the EU Parliament in 2004 and subsequently served on the industry, energy and research committees.Between 1997-2001 he served as Polish prime minister and was greatly involved in steering the country towards joining the EU. His membership of the Solidarity movement that overthrew communism in the country in the 1980s was also singled out for much praise by MEPs aware of the symbolic importance Mr Buzek's election.

We Poles know that even the unthinkable can be possible if you really want it, former commissioner Danuta Hubner who was recently elected as an MEP told EUobserver.Asked how she was handling the changeover to her new job, she said so far there seemed to be far more waiting around involved. I hope that will change,she added.

Pre-decided result

After the vote that saw Mr Buzek win 555 of the 644 valid votes cast, party leaders signalled their broad support for the new president.Every member of the parliament will be delighted that the parliament is no longer split between east and west, said leader of the centre-right European Peoples' Party Joseph Daul, to which Mr Buzek belongs.I feel that your election of the European parliament is a historical moment, it is 20 years after the fall of the Berlin Wall,said Socialist leader Martin Schulz whose party is the second largest in the parliament. In a press conference before the vote, co-president of the Greens, Mr Daniel Cohn-Bendit, also said he supported Mr Buzek as the new president, but on an individual basis rather than because of any party political agreement.A recent three-way deal struck between the Socialists, the EPP and the Liberals whereby Mr Buzek would take the post for the first 2.5 years of the 5-year term, followed by Mr Schulz for the second 2.5 years meant Tuesday's vote was little more than a formality.The only other candidate who ran for the post of president was far-left Swedish MEP Eva- Britt Svensson who won 89 votes. Former Liberal leader Graham Watson pulled out last week as a result of the three-way deal.

Over attendance?

The pre-determined nature of the vote threatened to leave the atmosphere in the chamber a little flat but an extra buzz was generated when a loud noise emanated from the chamber's ceiling shortly before the vote was due to take place, startling MEPs.

Outgoing parliament president Hans-Gert Poettering later informed the chamber that the noise came from the room's ventilators who were struggling to deal with the higher than normal attendance at the monthly meeting. The announcement was met by robust applause by MEPs who are frequently criticised over their poor attendance records.However the loudest clapping was reserved for Mr Poettering as he handed over the reins to Mr Buzek.On behalf of all our colleagues, I would like to thank you for the respect you have won our house and for your political style, said Mr Buzek, presenting Mr Poettering with a statue of St Barbara – the patron saint of miners - made out of coal from his region of Poland.

LAND FOR PEACE (THE FUTURE 7 YEARS OF HELL ON EARTH)

JOEL 3:2
2 I will also gather all nations, and will bring them down into the valley of Jehoshaphat, and will plead with them there for my people and for my heritage Israel, whom they have scattered among the nations, and parted my land.

THE WEEK OF DANIEL 9:27 WE KNOW ITS 7 YRS

Heres the scripture 1 week = 7 yrs Genesis 29:27-29
27 Fulfil her week, and we will give thee this also for the service which thou shalt serve with me yet seven other years.
28 And Jacob did so, and fulfilled her week: and he gave him Rachel his daughter to wife also.
29 And Laban gave to Rachel his daughter Bilhah his handmaid to be her maid.

DANIEL 9:26-27
26 And after threescore and two weeks(62X7=434 YEARS+7X7=49 YEARS=TOTAL OF 69 WEEKS OR 483 YRS) shall Messiah be cut off, but not for himself: and the people of the prince that shall come shall destroy the city and the sanctuary;(ROMAN LEADERS DESTROYED THE 2ND TEMPLE) and the end thereof shall be with a flood, and unto the end of the war desolations are determined.(THERE HAS TO BE 70 WEEKS OR 490 YRS TO FUFILL THE VISION AND PROPHECY OF DAN 9:24).(THE NEXT VERSE IS THAT 7 YR WEEK OR (70TH FINAL WEEK).
27 And he( THE ROMAN,EU PRESIDENT) shall confirm the covenant with many for one week:(1X7=7 YEARS) and in the midst of the week he shall cause the sacrifice and the oblation to cease,(3 1/2 yrs in TEMPLE SACRIFICES STOPPED) and for the overspreading of abominations he shall make it desolate, even until the consummation, and that determined shall be poured upon the desolate.

ISAIAH 28:14-19 (THIS IS THE 7 YR TREATY COVENANT OF DANIEL 9:27)
14 Wherefore hear the word of the LORD, ye scornful men, that rule this people which is in Jerusalem.
15 Because ye have said, We have made a covenant with death, and with hell are we at agreement; when the overflowing scourge shall pass through, it shall not come unto us: for we have made lies our refuge, and under falsehood have we hid ourselves:
16 Therefore thus saith the Lord GOD, Behold, I lay in Zion for a foundation a stone, a tried stone, a precious corner stone, a sure foundation: he that believeth shall not make haste.
17 Judgment also will I lay to the line, and righteousness to the plummet: and the hail shall sweep away the refuge of lies, and the waters shall overflow the hiding place.
18 And your covenant with death shall be disannulled, and your agreement with hell shall not stand; when the overflowing scourge shall pass through, then ye shall be trodden down by it.
19 From the time that it goeth forth it shall take you: for morning by morning shall it pass over, by day and by night: and it shall be a vexation only to understand the report.

Israel dismisses EU peace ideas (Reuters)

13 July 2009 JERUSALEM - Israel’s foreign minister on Monday dismissed a call by the European Union’s foreign policy chief for U.N. recognition of a Palestinian state if Israel and the Palestinians fail to reach a peace agreement.Peace must be built, not imposed,Foreign Minister Avigdor Lieberman told Israel Radio, questioning whether remarks made by the EU’s Javier Solana in a lecture in London on Saturday represented the policies of the European Union. With all due respect to Solana, he’s about to retire ... and we should not overstate the importance of his statement,Lieberman said.Solana said mediators should set a timetable for an Israeli-Palestinian peace agreement and if the parties are not able to stick to it, then a solution backed by the international community should be put on the table. After such a deadline has passed, he said, a U.N. Security Council resolution should proclaim the adoption of the two-state solution and accept a Palestinian state as a full member of the United Nations.Israeli-Palestinian peace talks backed by a quartet of international mediators — the European Union, the United States, the United Nations and Russia — are currently frozen.Palestinian President Mahmoud Abbas has said he will not revive the negotiations unless Israel halts settlement expansion in the occupied West Bank, in accordance with a 2003 peace road map that also commits the Palestinians to rein in militants.Lieberman, who heads an ultranationalist party in Prime Minister Benjamin Netanyahu’s coalition government, questioned in the radio interview whether Abbas, who holds sway only in the West Bank, spoke for all Palestinians. Who exactly does Abu Mazen (Abbas) represent? At best, half the people,Lieberman said, noting the Gaza Strip has been under the control of Hamas Islamists since they took over the territory in 2007 after defeating fighters loyal to Abbas’s secular Fatah movement. In remarks to his cabinet on Sunday, Netanyahu repeated a call to Abbas to meet immediately.

European Ties | 13.07.2009
A year on, Mediterranean Union has made little progress

Großansicht des Bildes mit der Bildunterschrift: Sarkozy hoped to foster dialogue between Arab and Israeli leadersThe Union for the Mediterranean, launched a year ago, was meant to revive cooperation between the EU and countries bordering on the Mediterranean. But little progress has been made on pressing issues in the region. For almost 14 years now, the member states of the European Union have been working with 16 partners across the Southern Mediterranean and the Middle East on regional projects. This network used to be known as the Barcelona Process, but in 2008, it was re-launched as the Union for the Mediterranean, or Euromed, by the ever-industrious French President, Nicolas Sarkozy at the time of his European presidency. Euromed is the only EU body in which both Israel and Arab states are represented, and if Sarkozy had prevailed, it would have only counted countries with a Mediterranean coastline among its members.But German Chancellor Angela Merkel protested against this exclusive Club Med and eventually, she got her way. Sarkozy opened his Mediterranean Union to all 27 EU member states. At a short summit in Paris on July 13, 2008, 43 members officially joined Euromed.We know that we're not going to find solutions to all our problems in a single afternoon,Sarkozy told the summit participants. But we're determined to look for suitable opportunities. We must succeed in building on this treaty. We must become an instrument of peace to serve our community on the Mediterranean.For her part, Merkel stressed that Euromed belonged to all EU states, even Sweden, Poland or Germany, which of course, don't have a border on the Mediterranean.Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift: Merkel objected to an exclusive Club Med.This conference is a very, very good start for a new level of cooperation,Merkel said.The Barcelona Process has been revived, and given a wholly new dynamic. I believe that all of Europe - with all its states - working with those Mediterranean countries which are not a part of the EU sends an important signal.

Energy, environment top priorities

Euromed foreign ministers met in November 2008 to discuss their areas of cooperation. They agreed that they should fund projects in the areas of energy security, higher education and research, and environmental protection, with a particular focus on fighting pollution in the Mediterranean Sea. They also planned to regularly discuss the political situation in the Middle East, and the fight against terrorism.It was agreed that two ministers would preside over the meetings - one from Europe and one from a non-European Mediterranean country. For EU External Relations Commissioner Benita Ferrero-Waldner, this form of tangible cooperation signifies the real difference between the old Barcelona Process and the new Euromed.An important political impulse is coming from this new union,she said.The Barcelona Process has a new name, and is incorporating our southern neighbors more, as shown by this co-presidency.Barcelona was chosen as Euromed's administrative seat, and in Slovenia, a Mediterranean University has since been established. But many of the ambitious projects, which depend on state money and co-financing from private investors, have been mired down by the current financial crisis.Politically, much of Euromed's work was stalled by Israel's military operation in Gaza at the start of the year. Now though, the Arab representatives are beginning to show an interest in returning to the table.

Progress slowed by crisis, war

On July 7, EU finance ministers met with Euromed's Egyptian co-chairman, Finance Minister Youssef Boutros-Ghali. But following the meeting, Swedish Finance Minister Anders Borg, whose country holds the EU presidency, had only well-worn phrases to offer.Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift: Despite an ambitious agenda, real progress has been mired down, in part because of the financial crisis.Euromed is, of course, very important for the European Union,Borg said.It was clear in our discussions that it's very important to move forward with reforms.There are clear reports that, on the southern coast of the Mediterranean, much progress has been made in reforms. And the cooperation among the southern neighboring countries has improved.Political analyst Daniela Schwarzer of the German Institute for International and Security Affairs says that, on balance, not much was achieved during Euromed's first year. The region faces big problems such as a growing migration crisis and a widening prosperity gap, but there have been no political answers, she wrote in an article for the newspaper Das Parlament. Euromed hasn't made the quantum leap France was hoping for, she concluded.Now, with Sweden at the helm of the EU presidency, there's not likely to be a spike in interest in Mediterranean affairs. The Swedes are much more interested in the problems facing the EU's neighbours to the east. Sweden and Poland, for example, decided to form an eastern partnership which was made official in May at a summit in Prague.Author: Bernd Riegert (dc)Editor: Michael Knigge.

Momentum builds toward possible end of this U.S. agency ,Rep. Ron Paul: Congress can revoke central bank's charter at any time July 13, 2009 8:22 pm Eastern By Chelsea Schilling 2009 WorldNetDaily
http://www.wnd.com/index.php?fa=PAGE.view&pageId=103852 (LINKS TO READ)

Federal Reserve

A movement to audit the Federal Reserve – the private institution that virtually controls U.S. interest rates, money supply and other economic influences – is gaining momentum in the House and Senate while the Fed ramps up its efforts to thwart scrutiny of its books.House Resolution 1207, the Federal Reserve Transparency Act, now has 260 co-sponsors with many members of the House Financial Services Committee – where the bill currently resides – signed on already.Likewise, Senate Bill 604, Federal Reserve Sunshine Act, orders a complete audit of the Federal Reserve Board of Governors and the Federal Reserve Banks before the end of 2010. The bill, sponsored by Sen. Bernie Sanders, D-Vt., has eight co-sponsors and remains in the Senate Committee on Banking, Housing and Urban Affairs.

Sign WND's petition urging the U.S. Senate to audit the Federal Reserve!

As WND reported, members of the Senate recently blocked efforts by Sen. Jim DeMint, R-S.C., to vote on his amendment to a spending bill that provides money for Congress' own budget. DeMint's plan was to add an amendment to the spending bill that would have provided for an audit of the Fed to include information about its funding facilities, market operations and any agreements with foreign banks and governments, DeMint told senators, according to Reuters.In a July 9 hearing, Rep. Ron Paul, R-Texas, questioned Federal Reserve Chairman Donald Kohn about the Fed's transparency. I think the Federal Reserve has been quite transparent and has become much more transparent under Chairman Bernanke about what we're doing and why we're doing it, Kohn told Paul.And I think we can retain our independence and your ability to trust what we're doing only by explaining to you what we're doing and why we're doing it.

Paul asked why the Fed cites public interest when it refuses to open up the central bank's most sensitive decisions to political scrutiny and release discretely recorded transcripts of its policy meetings in the next five years. Kohn made his case for continued Fed secrecy.I would be very concerned that releasing those transcripts would inhibit debate,Kohn said.I think it's in the public interest that we have an unfettered debate within the Open Market Committee, that we are able to speculate among ourselves … that there be no inhibition on the back and forth within the Open Market Committee. Frankly, I've been at the Federal Reserve for several decades now. In my view, publishing the transcripts themselves have had a somewhat inhibiting effect on the way the debate is carried out. … People would be very worried if their remarks were going to be made public very, very quickly. They'd be very worried about what they would say and they'd be much more careful about what they say, and that is not in the best public interest.Stunning Fed fraud DVD just $4.95! The Money Masters: How Banks Create the World's Money.Kohn said releasing details on the central bank's most sensitive decisions might create higher long-term interest rates and damage the U.S. credit rating.The Federal Reserve has stepped up defense of its books by hiring Linda Robertson, former lobbyist for Enron and former adviser to three of the Clinton administration's Treasury secretaries, to counter Congress skepticism about its growing power and combat legislation requiring an audit of the central bank.

U.S. Rep. Ron Paul, R-Texas
In a recent Straight Talk commentary, Rep. Paul wrote, Claims are made that auditing the Fed would compromise its independence. However, by independence, they really mean secrecy. The Fed clearly cherishes its vast power to create and spend trillions of dollars, diluting the value of every other dollar in circulation, making deals with other central banks, and bailing out cronies, all to the detriment of the taxpayer, and to the enrichment of themselves. I am happy to challenge this type of independence.Recently, two expert economists on the Federal Reserve – Allan Meltzer, a professor of political economy, and John Taylor, a former Treasury official – warned Congress against expanding the Fed's power, the New York Times reported. They told a House panel that the Fed has routinely failed to recognize financial crises until after they happen.I do not know of any single clear example in which the Federal Reserve acted in advance to head off a crisis or a series of banking or financial failures,said Meltzer.The Daily Paul names Democrats and Republicans in the House and Senate who have not signed on to co-sponsor H.R. 1207 or S. 604 in its List of Shame.You've never needed to understand money like you need to understand it now! Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free unravels the deception of the Federal Reserve and presents a crystal clear picture of the financial abyss towards which we are heading.Paul long has opposed the power held by the Federal Reserve and its ability to manipulate the nation's economy. He has launched multiple proposals to get rid of the private banking powerhouse, without significant support.But in light of the current economic downturn – the government takeover of the banking industry, the government's demands for various auto industry bankruptcies, the government's appointment of a pay czar – change apparently is coming.To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have,Paul said.They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability.Paul has even said Congress should reassert its constitutional authority over monetary policy.

The only accountability the Federal Reserve has is ultimately to Congress, which granted its charter and can revoke it at any time,he wrote.It is Congress' constitutional duty to protect the value of the money, and they have abdicated this responsibility for far too long.It is very encouraging to finally see the issue getting some needed exposure and traction. It is regrettable that it took a crisis of this magnitude to get a serious debate on this issue.Paul's bill would also make the Federal Reserve's funding facilities, including the Primary Dealer Credit Facility, Term Securities Lending Facility, and Term Asset-Backed Securities Lending Facility subject to congressional oversight.Note: Concerned individuals may contact members of the House Committee of Financial Services in reference to H.R. 1207 and the Senate Banking, Housing, and Urban Affairs committee in reference to its companion bill, S. 604. They may also contact their respective representatives and senators

A force of one: the Federal Reserve By Chuck Norris July 13, 2009
1:00 am Eastern 2009 WND

I agree with Judge Andrew Napolitano, who said last week, We know more about the CIA than we do about the Federal Reserve.The Federal Reserve is the Freemasonry of government agencies. It is a virtual secret society unto themselves – a group of unelected brokers who hold the value of our dollar in the palms of their hands. This one agency, with its power to raise and lower interest rates, has exercised more control over the economy than any other government body. So with that type of single-handed power, why should we be surprised when the U.S. Senate blocked a bill last week to audit the Federal Reserve? Tis true! Rep. Ron Paul and more than half of the House cosponsored the Federal Reserve Transparency Act, HR 1207, which they hope to have hearings on soon. On the Senate side, however, Sens. Jim DeMint, Mike Crapo and David Vitter cosponsored S 604, companion legislation introduced by Bernie Sanders. But it was stopped cold before even being introduced on the floor on procedural grounds.Could it really be a mere coincidence that the bill to audit the Federal Reserve was refused from even being introduced and that this agency remains the quick convenience store-house of money for the Obama administration's borrowing and bailout monies? Again, as Judge Napolitano said, The Obama administration not only doesn't want the Federal Reserve audited, it now wants to put the power to regulate all financial institutions – banks, insurance companies, brokerage houses – into the hands of this super secret bank. What are they afraid we might see if we get a chance to look at their books?

As if there are not enough signs of the Fed's inadequacy, two expert economists on the Federal Reserve specifically warned Congress last Thursday not to expand the power of the Fed to oversee and monitor public financial structures. Allan H. Meltzer, professor of economics at Carnegie-Mellon University and one of the central bank's most prominent historians, having written a three-volume reference work on it, conveyed a series of U.S. financial collapses over the last three decades in which the Fed had either failed to take preventive action or made things worse. And the White House and majority on Capitol Hill want to give the Federal Reserve more power and autonomy? Have they finally lost their minds? So why does this federal agency need a complete auditing? It's very simple. Because America is in the worst economic situation since the Great Depression, the value of the dollar is tanking on the world market and the Federal Reserve wields the greatest power to control it with virtually no accountability – let alone that the American people and even Congress have virtually no knowledge of what those inside are doing day to day. On Dec. 23, 1913, President Woodrow Wilson signed the Federal Reserve Act, creating a seven-member board of governors (appointed by the president and approved by Congress) and 12 regional banks. From thereafter, banks continued lending money to the public, but the Fed controlled the flow of money via fluctuating interest rates and the tides of credit and money supply and demand. (This was the gravest governmental mistake in 1913.A close second was the ratification of the 16th Amendment to the Constitution, which mandated income taxes as national law.)

The way I see it, there are two primary problems with the Federal Reserve. First, it's very existence is a sheer contradiction of the 10th Amendment of the Constitution. As Ron Paul explained last week:Our Founding Fathers never intended for a single entity such as the Federal Reserve to have this much power. In fact, there is no authority in the Constitution for the federal government to create a central bank, to enact legal tender laws, or to print paper money. The 10th Amendment is quite clear that The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.The fact is, the Federal Reserve is one of the best examples of government control run amok and its oppression over its people. It rules by dangling carrots, cheap rates and loans, before the American public, which in turn oppresses people by their inability to resist further debt. The Fed is the dealer in greed and debt – and its drugs are easy money and credit. Under the Federal Reserve System, Americans and our economy have to return to the Federal Reserve for repeated fixes like a drug addict. Otherwise everything goes into the tank.Secondly, the Federal Reserve is flat out bad for the economy in the long run because it creates false fronts or temporary escalations in the free market, which eventually cycle around and lead to downturns or more needs for other Fed fixes. Even if it creates several cycles of credit rushes (which it deems as signs of prosperity), sooner or later the false foundation crumbles, and we find ourselves in an economic hole that we or the Fed can't bail us out of – which is exactly where we are now in this recession.The fact is, if we can get the flow of the Federal Reserve under control, others drawing from its wells will become more manageable and accountable. Its open-market operations and dealings with central banks and foreign powers, at very least, must have oversight! But you can bet Nancy Pelosi and Harry Reid are going to fight to prevent the passage of any legislation that regulates the Federal Reserve because they are in cahoots with the White House and also don't want the trade secrets of the Federal Reserve revealed nor its power restricted. Why? Because its power benefits them, plain and simple. It is right now being used by the Obama administration and the Democratic majority for political expedience and special interests.

We need to return to a country that lives within its means – that steps off the credit merry-go-rounds to a pay-as-you-go republic, as it was in the beginning. I believe that so firmly that the only chapter on financial recovery I included in my New York Times best-seller, Black Belt Patriotism,is simply titled Stop America's Nightmare of Debt.In it, I advise a return to the fiscal prudence of men like Thomas Jefferson. Jefferson was not opposed to borrowing, but he did recognize the danger of ballooning government deficits and increasing taxes. He elaborated to George Washington,I am anxious about everything which may affect our credit. My wish would be, to possess it in the highest degree, but to use it little.It's unfortunate that more leaders today didn't agree with Jefferson, or James Madison, who said at the time,I go on the principle that a public debt is a public curse.Jefferson's attitude toward debt was simple, and he gave the best advice one could get:The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time.They believed in the biblical precedent,The wicked borrows and does not repay.Private debt is a private matter. But it should not be encouraged or enticed, especially by the federal government! That's why I believe the Federal Reserve needs to be abolished. The U.S. ran just fine without it – before its inception in 1913. We had financial crises before its existence and after it, but its intervention has been proven historically only to make things worse. Our founders would have never tolerated its abusive power or methods of bribery. It is not only a detriment to the economy and the very existence of a representative form of government like ours, but to all Americans who want to experience true freedom.Henry Ford was probably right when he said,It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.In the meantime, however, until some act of God or the people do away with that self-regulating and fraudulent government agency, the least we can do is get the Federal Reserve under control by passing HR 1207 in the House and S 604 in the Senate. Write today and demand that your representatives support the bills that require an audit of the Federal Reserve.

THE TORONTO WORKERS ON STRIKE ARE BEING VIDEOTAPED BY THE GOVERNMENT TO KEEP TRACK OF THEM ON THE PICKET LINES.REPORTS ARE THE CITY JUST REKNEWED A CONTRACT FOR MILLIONS WITH THE SECURITY COMPANY BUT NO COMPROMISE ON THE GARBAGE STRIKE.THATS THE DICTATORSHIP SHIP GOVERNMENT FOR YOU JUST LIKE AMERICA.KEEPING TRACK OF THE CITIZENS.

TOR STRIKE
http://link.brightcove.com/services/player/bcpid8724876001?bctid=29273981001
http://link.brightcove.com/services/player

Civic Worker Strike Enters Week Four Monday July 13, 2009 CityNews.ca Staff
A strike by civic workers has entered its fourth week, and garbage isn't the only thing that's piling up.

Tempers are also mounting.

On Sunday, the trash drop-off site at Caledonia Park was also the site of an altercation between a worker on job action and a resident trying to drop off his household waste.I got maggots in here, he yelled. You want a f--king raise? I hope you get one. But don't stop [me from putting out] my garbage.Picketers were letting in just one car every 15 minutes, leading to wait times of several hours.

Representatives from The Canadian Union of Public Employees say they're waiting for the city's response to their latest counter-offer.From my perspective, I don't think this strike was necessary in the first place,Mayor David Miller announced on Breakfast Television on Monday.It's time for the union to find a way to say yes.The offer includes buying out people's sick bank, replacing it with a short-term disability plan that gives them up to six months of protection; and having raises of one, one, two and three per cent over four years.

Meanwhile, Toronto is making alternate plans for Caribana.

The enormous, colourful festival brings hundreds of millions of dollars in economic activity to the city - but because of the strike, some events have changed.The launch, scheduled for Tuesday, will now be held at Yonge-Dundas Square. It was supposed to be held at Nathan Phillips Square.The city and organizers are in negotiations to allow the King and Queen competitions to take place at Lamport Stadium. The wrap-up party is normally held on Centre Island, but if the strike hasn't been resolved, it will be moved.The big parade, though, will still wind its way along the Lake Shore. The city will be providing the services to keep it going.

Now White House joins birth hospital cover-up
Spokesman belittles WND reporter, asks what reporting has been done
http://www.wnd.com/index.php?fa=PAGE.view&pageId=103898

Neither city or strikers impressing the public: poll
Updated: Fri Jul. 10 2009 11:59:00 PM ctvtoronto.ca

Torontonians are more on the side of Mayor David Miller and city hall than the workers in the current labour dispute, but mostly they want the 19-day strike ended, a poll finds.Miller and the city can't take too much comfort from their support level, according to the poll conducted by The Strategic Counsel for CTV and The Globe and Mail.The city has the support of 33 per cent of Torontonians, while the union can only claim 13 per cent support, according to the poll released Friday.However, 55 per cent of respondents say they support neither side. Forty-five per cent of respondents say their opinion of the mayor and city council has worsened, while that jumps to 65 per cent for city workers and 68 per cent for the unions.It's a plague on all their houses,pollster Tim Woolstencroft of The Strategic Counsel told ctvtoronto.ca.At least 90 per cent of the respondents either strongly or somewhat agree that the city has gotten dirtier since the strike began on June 22 and that the garbage strike poses a health hazard.Three-quarters want the provincial legislature recalled to order the strikers back to work -- and once the strike is over, 65 per cent would approve of privatizing garbage services to prevent further strikes.Support for privatization jumps to 76 per cent in Etobicoke, which already has privatized garbage collection.About three-quarters of respondents say municipal employees should not go on strike during a economic recession and that they should go back to work and accept the terms the city has offered.Only 27 per cent of respondents agreed that the city should give the strikers what ever they want to end the dispute. There's really nothing supportive of the unions or striking workers,Woolstencroft said, adding, It's not an auspicious time to be out on strike.

This poll was conducted online between July 8 and 10.

Miller made public the city's offer to 24,000 striking inside and outside workers on Friday morning -- an offer rejected in the afternoon by the leaders of CUPE locals 416 and 79. It isn't known how many respondents might have known of the announcement. The poll didn't ask any specific questions about the offer. Woolstencroft said the announcement wouldn't have influenced this poll.Despite the apparent support for direct action to end the strike, about three-quarters of respondents say Torontonians are coping well with the disruptions, but Woolstencroft said that 50 per cent claim to have been affected by the strike in some manner.Only three in five agreed that the measures the city had put in place to cope with the strike were helping. That dropped to 49 per cent for Etobicoke residents.

How people cope

People say they have been greatly or somewhat affected by the absence of the following services:

garbage - 58 per cent (64 per cent outside Etobicoke)
other cancelled/disrupted services - 53 per cent
closed parks/recreation programs - 46 per cent
closed swimming pools - 31 per cent
Forty-three per cent of respondents say their garbage is still being picked up. This jumps to 87 per cent in Etobicoke and drops to 36 per cent outside that borough.Only 27 per cent of those who say they are being greatly affected by the strike still have their garbage being picked up. Forty-two per cent of those say they are stockpiling it at home.

Here's how people outside of Etobicoke deal with their garbage:

Stockpile it at home - 38 per cent
Use temporary dumps - 24 per cent
Drop it off with friends/family outside Toronto - 10 per cent
Leave it in parks or public areas - 2 per cent
Methodology

The poll is an online survey of 785 Torontonians conducted using the Research Now Web Perspectives online panel.Traditional telephone polling based on random sampling generates a sampling error commonly known as margin of error.As respondents for this poll were selected from among those who have agreed to be invited to participate in online surveys, no estimates of theoretical sampling error can be calculated,trategic Counsel said.However, Woolstencroft said it should provide a solid measure of Toronto public opinion on the strike.We did a whole bunch of parallel polling using traditional methods, and the results are very similar, he said.

U.S. Military to Install Global Internet Architecture Giving a God-like View of Planet Chris Paine Infowars July 13, 2009
http://www.infowars.com/u-s-military-to-install-global-internet-architecture-giving-a-god-like-view-of-planet/

Possibly the single most transforming thing in our force,Defense Secretary Donald H. Rumsfeld has said,will not be a weapons system, but a set of interconnections.Anyone who has ever been a fan of the Terminator mythos knows about the all seeing, all knowing global computer network known as Skynet. Well, the U.S. Military is working on the real deal! The GIG, or Global Information Grid is a worldwide surveillance network that will give anyone linked into it instant information, at the users request, about anything, anytime, anywhere in the world! This project, which began in 2003 under the guidance of Donald Rumsfeld, will give users a God-Like view of the entire world.The Global Information Grid, which began in 2003 under the guidance of Donald Rumsfeld, will give users a God-Like view of the entire world.Robert J. Stevens, chief executive of the Lockheed Martin Corporation, the nation’s biggest military contractor, said he envisioned a highly secure Internet in which military and intelligence activities are fused,shaping 21st-century warfare in the way that nuclear weapons shaped the cold war. Every member of the military would have a picture of the battle space, a God’s-eye view,he said.And that’s real power.

But wait, there’s more!

It seems the U.S. Air Force is investing huge sums of money, which began at a summit at the University of North Dakota, into the development of an Unmanned Aerial Vehicle Army! Thats right folks, and there is a flavor for everyone planned for full force deployment by 2047! Not only is their the Predator and Global Hawk that the world has grown so familiar with, but they are also developing mid- and short-range UAVs as well. All of which are currently capable of autonomously taking off, flying en route to the mission area and landing, allowing for minimal human interaction. The real crazy stuff comes in the form of Fly insect-shaped UAV designed for espionage. These micro-sized vehicles are capable of full audio and video transmission making secrecy a thing of the past! As if that wasn’t enough, the payload on each of these machines vary from Infrared/Electro-optical missiles to being able to deploy nanomachine weapons engineered in various different ways. Able to infect the target(s) resulting in whatever devious malaise they are programed with and ultimately resulting in death.There you have it folks, if they have their way, there will be a global government able to know everything your doing at anytime of the day as well as all your personal information. Able to respond to any threat instantly, allowing the elitist scum to kick back and relax while anyone defying their wishes is eradicated by an unmanned vehicle using any number of weapon types, including nanomachines, to finish the job. Include the eugenics going on today and the successful depopulation of the planet and you have a corporate elitist theme park! Below are the main links that PPF Member Anti-Illuminati graciously found for our perusal:- Download USAF UAS Symposium PDF- Download Preliminary Agenda- Download Session and Panel Topic Briefings- Download United States Air Force Unmanned Aircraft Systems Flight Plan 2009-2047 Sources: New York Times,U.S. Air Force UAS Synopsium.

STORMS HURRICANES-TORNADOES

LUKE 21:25-26
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity;(MASS CONFUSION) the sea and the waves roaring;(FIERCE WINDS)
26 Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.

Dive Teams, Choppers Search For Man Missing After Tornado
Sunday July 12, 2009 The Canadian Press

Dive teams and helicopters continued to scour a northwestern Ontario lake Saturday for a man who vanished after a tornado ripped through a hunting and fishing resort.

The twister touched down Thursday night at the Fisherman's Cove Resort on Lac Seul, about 15 kilometres south of Ear Falls, Ont. Search teams have spent the past two days looking for Dennis Kinkaid of Ponca City, Olka., after the cabin he was in was ripped from its foundation and tossed into the water almost a kilometre away. They're still searching in the water,said his wife Dayna Kinkaid from her home in Oklahoma. I can't even explain how I feel right now.The bodies of two other men who were also in the cabin, Bernie Jackson, 65, and Stan Hollis, 78, were pulled from the water yesterday.Kinkaid said her 66-year-old husband was on a fishing trip with Jackson and Hollis. The trio have been driving up to Canada for the past 23 years for an annual vacation, she said. They were to return home on Saturday. This was a guys trip,she said. That was one of their favourite destinations. Kinkaid said police have shown her pictures of where the twister hit and have done a very good job of keeping her updated on search efforts.The twister just levelled that cabin,she said. I guess there's only so much that can be done.The Ontario Provincial Police said they had no new information on Kinkaid's whereabouts as yet.The tornado ranked as an F2 with wind speeds between 180 and 240 kilometres per hour, said Geoff Coulson an Environment Canada meteorologist.Five other people suffered minor injuries when their cabin was also lifted off the ground by the twister.Coulson said two cabins which were airborne suffered the brunt of the damage while the rest of the resort was pelted with flying debris.This was a very very significant event,said Coulson. Bruce Hollis, 54, said the twister hit his father's cabin head on.Hollis said his father was two weeks away from his 79th birthday when he set out for the fishing trip.

Stan Hollis and Jackson were both retired teachers, Kinkaid is a semi-retired businessman. All three had been friends for a number of years.This is a small community and this town is going to be pretty well shut down for the next few days, said Bruce Hollis from his Ponca City home.Tourists and resort operators spent Friday clearing up the debris that had scattered through northwestern locale popular for hunting and fishing.Staff at Fisherman's Cove Resort said they were open for business as usual on Saturday. They refused to comment on the search efforts.Ear Falls is about two hours north of Dryden, Ont.

Moderate earthquake strikes offshore Taiwan JULY 13,09

TAIPEI, Taiwan – Taiwanese authorities say a 6.3-magnitude earthquake has struck off the east coast of the island, rattling buildings in Taipei, but causing no casualties or damage.The Central Weather Bureau says the quake struck at 2:05 a.m. Tuesday (1805 GMT Monday). It was centered about 36 miles (57 kilometers) off the eastern city of Hualien, some 85 miles (135 kilometers) southeast of the capital.Earthquakes frequently rattle Taiwan, but most are minor and cause little or no damage.However, a 7.6-magnitude earthquake in central Taiwan in 1999 killed more than 2,300 people. And in 2006 a 6.7-magnitude tremor south of Kaohsiung severed undersea cables and disrupted telephone and Internet service to millions throughout Asia.

Shuttle Endeavour mission delayed again by weather By Irene Klotz - JULY 13,09

CAPE CANAVERAL, Florida (Reuters) – Lightning strikes and thunderstorms near the seaside launch pad forced NASA on Monday to delay yet again the launch of shuttle Endeavour on a mission to the International Space Station.The weather has just bitten us again,launch director Pete Nickolenko radioed to the Endeavour crew, as the spaceship's liftoff was postponed for the fifth time in about a month.Endeavour had been scheduled to blast off at 6:51 p.m. EDT on a mission to install a Japanese-built outdoor research platform at the space station. The launch was rescheduled for 6:03 p.m. EDT on Wednesday.Two launch attempts last month were scuttled by hydrogen fuel leaks. A third attempt ended on Saturday when NASA ordered checks of the shuttle's electrical systems following a spate of lightning strikes and Sunday's launch was canceled due to poor weather.NASA is trying to complete construction of the $100 billion orbital outpost, a project of 16 nations, by September 30, 2010, so it can retire the shuttle fleet and ramp up development of replacement ships that can journey to the moon and other destinations farther from Earth.Endeavour's cargo includes the Japanese-built platform that is to be mounted to the front of the $2.4-billion Kibo lab where it will serve as an outdoor perch for science experiments that need to be exposed to the open environment of space.Experiments on the platform can be installed and retrieved remotely with a robotic arm, eliminating the need for time-consuming and potentially risky spacewalks by station crewmembers. The first two sections of Kibo were attached to the station in 2008.The platform is to be installed during the first of five spacewalks planned during Endeavour's 12-day stay at the station. Astronauts also are expected to replace batteries that are part of the station's solar power system and store spare parts needed to keep the outpost operational after the shuttle fleet is retired.(Editing by Tom Brown and Philip Barbara)

Internet regulator mulls cybersquatting block
By ANICK JESDANUN, AP Technology Writer - Mon Jul 13, 2009 4:55PM EDT
San Francisco Chronicle

NEW YORK - The Internet's key oversight agency is considering a centralized database of trademark holders, to cut down on questionable registrations of new Internet addresses.Officials say the mechanism won't preclude a new Web site from being created at, say, http://www.apple.farm by someone outside Apple Inc. But it would create hurdles. Backers of the idea say it is needed so trademark holders won't have to spend thousands of dollars registering domain names defensively, to block someone from registering them and trying to profit — a practice known as cybersquatting.The proposed trademark database comes as the Internet Corporation for Assigned Names and Numbers, known as ICANN, is trying to widely expand the number of Internet domains, which include .com, for the first time since the 1980s.

New names could start appearing next year.

Trademark holders have already had first dibs when new domain suffixes are created, but many companies fear that if ICANN suddenly adds 500 suffixes to the system, they'd have to register their brands in each domain. Administrative costs could balloon if those suffixes all have different rules for trademark claims.So a central database, dubbed an IP Clearinghouse, would unify those rules. And someone's attempt to register a trademark under a new suffix would be automatically blocked, until the applicant could prove that its use is legitimate.ICANN has long grappled with trademark complaints, and many of its critics say the existing system favors trademark holders over individuals and groups with legitimate needs for a name — for example, to set up a Web site critical of a company.The recommendations for an IP Clearinghouse come from a committee largely made up of corporations and intellectual-property lawyers. ICANN might not decide on the idea until December.

OVERPOPULATION ALARMISTS WRONG..WRONG..WRONG
http://www.prisonplanet.com/predictions-of-the-overpopulation-alarmists-wrong-wrong-wrong-again.html
TALK ABOUT HOLDREN YESTERDAY ON JONES WITH WATSON (JULY 13,09)
http://rss.nfowars.net/20090713_Mon_Alex.mp3
http://www.youtube.com/watch?v=Nw3mpStq4jc&feature=player_embedded
http://www.youtube.com/watch?v=-cqHhw8AYNQ&feature=player_embedded
http://www.youtube.com/watch?v=CJkfBUu1oc4&feature=player_embedded
http://www.youtube.com/watch?v=5nfNyw9BkuM&feature=player_embedded
http://www.youtube.com/watch?v=uAh3cTpcz8Q&feature=player_embedded

Liberal Website Claims Source Of Holdren Controversy Is Radical Right Wing When in fact the source is Holdren’s own book Paul Joseph Watson Prison Planet.com
Monday, July 13, 2009

Liberal website News Hounds attempts to giggle and guffaw at the controversy of Obama’s top science advisor John P. Holdren’s plans to mass sterilize the population and carry out forced abortions by claiming that the entire story is an invention of the radical right wing,when in fact it comes straight from Holdren’s own 1977 book Ecoscience.The left-wing website claims that the story is a product of the black helicopter crowd….doing their usual frothing at the mouth, despite the fact that giant screenshots of the pages where Holdren makes the statements are available for anyone to view online.News Hounds snickers at the fact that Fox News ran with the story, adding, What’s really worth a chuckle is the source of Fox Nation’s fear and loathing and that is the publication of red diaper baby and former left wing radical turned right wing shouter at clouds – David Horowitz.Here’s a newsflash for the partisan hacks running News Hounds – the source of the story is not Fox News, it’s not Front Page Magazine, it’s not David Horowitz and it’s not Prison Planet – the source is Holdren’s own book that he co-authored in 1977 and proudly stands by today.

If you visit our original article, you will find screenshots of the book in question. Not Fox News, Not Horowitz, not the radical right wing, – Holdren’s own book, you know, the one he wrote. That is the source of the story. Get it? Of course, News Hounds are fully aware that the source is Holdren’s own book, but they are trying to turn the issue into a left-right circus sideshow in order to distract from the real issue – that Holdren openly advocated a totalitarian system of government control run by a planetary regime and enforced by a global police force that would carry out forced abortions, mass sterilization of the public through the food and water supply, as well as mandatory implantation of birth control devices at puberty. Again, that’s not coming from Fox News or Front Page Magazine, those are the proposals in Holdren’s own book, you know, the one he wrote.News Hounds claim that the whole issue is A view into the bizarro world of the Obama haters (and that’s straight up what it’s all about),linking to Prison Planet.com. We’d therefore like to point out the fact that Alex Jones’ film Endgame, which is largely about this very issue of eugenics, was produced and released more than a year before Obama even came to office – before he was even selected as the Democratic nominee. This has nothing to do with hating Obama – that’s nothing more than a partisan copout and News Hounds knows it.The page from Holdren’s own book, not Fox News, not Front Page Magazine, not Prison Planet, Holdren’s own book, that proposes compulsory or forced abortion.

The kind of liberals who read News Hounds are likely to be pro-choice,they believe it’s a woman’s right to do with her body what she wants without government interference. Deliciously ironic therefore it is that one of Holdren’s proposals – which is contained in his own book and not on a radical right wing website – to carry out forced abortions – would remove that choice altogether.News Hounds claims the contention that Holdren advocates forced abortion is a smear,despite the fact that in his own book, that’s his own book, you know, the one he wrote, not something written by Fox News or Front Page Magazine, he writes that, Compulsory population-control laws, even including laws requiring compulsory abortion, could be sustained under the existing Constitution.We’ve come to accept the fact that people who call themselves liberal will still vehemently support the same racist, elitist and inhumane eugenics policies that were once embraced by Adolf Hitler in the context of overpopulation, but to see them claim that the Holdren story was an invention of insane, frothing, black helicopter fearing radical right wing extremists, when the quotes come directly from Holdren’s own book, is reaching a level of denial beyond fantasy.

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 TUE JULY 14,2009

09:30 AM +0.02
10:00 AM -26.38
10:30 AM -11.87
11:00 AM -29.71
11:30 AM +6.49
12:00 PM +22.97
12:30 PM -6.91
01:00 PM -0.76
01:30 PM +1.43
02:00 PM -20.64
02:30 PM +11.94
03:00 PM +19.72
03:30 PM +20.02
04:00 PM +27.81 8359.49

S&P 500 905.84 +4.79

NASDAQ 1799.73 +6.52

GOLD 925.10 +2.40

OIL 59.40 -0.29

TSE 300 9986.15 +94.22

CDNX 1055.39 +7.76

S&P/TSX/60 604.26 +5.19

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow -5.07%
S&P -0.24%
Nasdaq +13.71%
TSX Advances 846,declines 605,unchanged 279,Volume 1,807,832,334.
TSX Venture Exchange Advances 318,Declines 363,Unchanged 374,Volume 132,259,446.

Dow -2 points at 4 minutes of trading today.
Dow -46 points at low today.
Dow +30 points at high today so far.
GOLD opens at $925.70.OIL opens at $61.07 today.

AFTERNOON,NEWS,STATS
Dow -46 points at low today so far.
Dow +30 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 2,156,declines 1,297,unchanged 115,New Highs 17,New Lows 31.
Volume 1,987,539,406.
NASDAQ Advances 1,341,declines 1,151,unchanged 136,New highs 21,New Lows 15.
Volume 726,939,235.
TSX Advances 754,declines 442,unchanged 255,Volume 749,737,477.
TSX Venture Exchange Advances 241,Declines 191,Unchanged 292,Volume 78,161,997.

WRAPUP,NEWS,STATS
Dow -46 points at low today.
Dow +30 points at high today.
Dow +0.33% today Volume 189,165,970.
Nasdaq +0.36% today Volume 1,778,332,544.
S&P 500 +0.53% today Volume N/A

UNCERTAINTY IN JAPAN
http://www.cnbc.com/id/15840232?video=1181698751&play=1
SHELBY BERNANKE MEETING
http://www.cnbc.com/id/15840232?video=1181385326&play=1
PRO ABORTION SOTOMAYOR SPEAKS
http://www.cnbc.com/id/15840232?video=1181334701&play=1
WHAT SOTOMAYOR MEANS FOR BUSINESS
http://www.cnbc.com/id/15840232?video=1181158001&play=1
SUPERCAPITALISM
http://www.cnbc.com/id/15840232?video=1181699019&play=1
HARPER WE HAVE TO HAVE WORLD GOVERNMENT
http://www.youtube.com/watch?v=eNYx2Ryaaps&feature=player_embedded

400-billion-euro plan to pump African solar power to Europe by Laure Fillon – Mon Jul 13, 4:18 pm ET

MUNICH, Germany (AFP) – Twelve European companies launched a 400-billion-euro (560-billion-dollar) initiative Monday to plant huge solar farms in Africa and the Middle East to produce energy for Europe.The consortium says the massive proposal could provide up to 15 percent of Europe's electricity needs by 2050.Engineering giants ABB and Siemens, energy groups E.ON and RWE and financial institutions Deutsche Bank and Munich Re are among the companies which signed a protocol in Munich.Today we have taken a step forward" towards the project's realisation, said Nikolaus von Bomhard, head of the reinsurance giant Munich Re, which hosted the signing.The Desertec Industrial Initiative (DII) would build solar-power generators from Morocco to Saudi Arabia and pump electricity to Europe via undesea cables.It would also provide a substantial portion of the power needs of the producer countries,the Desertec foundation said in a statement, and transform sea water into drinking and irrigation water for local populations.Munich Re board member Torsten Jeworrek said the European companies involved had pledged to work as equals in a sincere and fair manner with producer countries.For Jordan's Prince Hassan ibn Talal: The partnerships that will be formed across the regions as a result of the Desertec project will open a new chapter in relations between the people of the European Union, West Asia and North Africa.Many details still have to be worked out however, including where to install the plants, when the power would come on and how much it would cost, potential profits, political stability in some areas and of course, financing.

Renewable energy analyst Sebastaian Zank at West LB bank, which is not involved in the project, said it might succeed but only in the very, very long term.As long as there are no transmission networks between these two continents this is more or less a nice future fantasy,Zank told AFP.Under the protocol, a Desertec study office to be established by October will have three years to elaborate plans to create the network of solar farms and transmission networks and find the funds.Representatives of the Arab League and the Egyptian energy ministry also attended the protocol's signing.

Other companies invoved are the Spanish firm ABENGOA Solar and the Algerian conglomerate Cevital along with several German banks and engineering companies.The Sueddeutsche Zeitung newspaper said in June that electricity could begin flowing to Europe within 10 years.West LB analyst Zank said some plants were already being developed in North Africa and one can say that solar thermal energy will already be produced next year, but not with the intention of exporting this electricity to Europe.Undersea networks could be built quickly, he added, but at the moment the costs are so high it is not economically viable.German Chancellor Angela Merkel and European Commission president Jose Manuel Barroso have hailed the initiative however, though others have voiced criticism.German Social Democratic deputy Hermann Scheer told AFP it was not necessary to go to North Africa to collect the sun's rays, and added: We could invest the 400 billion euros here in the recession-hit eurozone. He also preferred a network of decentralised operators that produced renewable energy from many sources rather than having one key project in the hands of major corporations.Others doubt producer countries would fully benefit from a plan designed with Europe in mind, leading the business daily Handelsblatt to warn of potential eco-colonialism.

World Court sets rules for San Juan River traffic By ARTHUR MAX, Associated Press Writer – Mon Jul 13, 2:39 pm ET

THE HAGUE, Netherlands – The United Nations' highest court set travel rules Monday for the Nicaraguan river that borders Costa Rica, affirming freedom for Costa Rican boats while upholding Nicaragua's right to regulate traffic.The decision by the International Court of Justice was applauded by both countries, which must now consult on how to carry out the lengthy ruling that left room for both sides to claim victory.The judgment ended a four-year legal battle and defined navigational rights on the San Juan River, which have been the subject of disputes for nearly two centuries.Under an 1858 treaty between the two Central American countries, the entire river belongs to Nicaragua up to the Costa Rican bank, but Costa Rican ships have freedom of navigation for commerce.In 2005, Costa Rica complained to the U.N. court, also known as the World Court, that Nicaragua was infringing on its navigation rights by imposing unfair restrictions, including a requirement that passengers and tourists obtain Nicaraguan visas, pay travel fees, and that all boats stop at Nicaraguan police posts for inspection and identification.The court affirmed Nicaragua's rights to set timetables for when Costa Rican ships can use the river, to demand the identification of passengers — though not visas — and to insist that all vessels fly the Nicaraguan flag.The 14 judges said, however, that Nicaragua was wrong to charge fees from Costa Ricans and tourists, calling that an impediment to Costa Rica's treaty rights to use the river for profitable commerce.Nicaraguan Deputy Foreign Minister Valdrack Jaentschke called the decision a victory because it recognizes Nicaragua's sovereignty and bans Costa Rica from patrolling the river with armed police.It's been made extremely clear: The waters are Nicaragua's, and that's one of the arguments that Nicaragua wanted to confirm,he said.

Nicaraguan sovereignty was never at question, but Costa Rica challenged a series of restrictions imposed by Managua in recent years to assert its authority.Costa Rica's Vice Minister of Foreign Affairs Edgar Ugalde, who led his country's legal team, said in The Hague he was satisfied with the judgment, which he said would improve relations between the two neighbors.We didn't have any rights when we came into the court,he told The Associated Press. The judges had given Costa Rica around 70 percent of what we asked for.In San Jose, Costa Rican Foreign Minister Bruno Stagno said he, too, was pleased. I would say the most important thing about this ruling is that Costa Rica recovers its navigational rights and where the main beneficiaries will be the population in the zone,he said.The judges, drawn from all areas of the world, showed unusual unanimity in issuing 21 different rulings. Their widest split — 9 votes to 5 — was on whether Nicaragua had the right to demand visas.The court ordered Nicaragua to lift restrictions on Costa Ricans living on the southern bank to fish and travel on the river for their daily needs.Costa Ricans had been fishing for their livelihood undisturbed and unquestioned for a long period, and had earned the customary right to continue, the judgment said. But it forbade commercial fishing from boats in the river.It said the government can use the waterway to provide essential services, but not for police vessels.The river bank is thick with jungle and part of it is set aside as a wildlife reserve, making overland travel in the region long and arduous. Costa Rica had argued that people in the area needed boats to send their children to school and to reach medical services. The International Court of Justice was created in 1949 to settle disputes among U.N. member states. Its judgments are binding and not subject to appeal, although the court has no enforcement arm. Use of the river has been a source of conflict since Central America became independent of Spain in the 1820s. An arbitration settlement by U.S. President Grover Cleveland in 1888 resolved most outstanding problems until the Nicaraguan civil war erupted in the 1980s, when traffic was largely halted.Costa Rica complained that Nicaragua began tightening its regulation of the river in the 1990s, which amounted to a violation of its treaty obligations.The court agreed that Nicaragua failed to live up to the treaty when it required passengers to obtain visas and pay fees, and when it sold tourist cards to foreigners on Costa Rican boats.But the judges rejected Costa Rica's request for an unspecified amount of financial compensation.

Budget deficit tops $1 trillion for first time By MARTIN CRUTSINGER, AP Economics Writer – Mon Jul 13, 6:05 pm ET

WASHINGTON — The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.The deficit has been widened by the huge sum the government has spent to ease the recession, combined with a sharp decline in tax revenues. The cost of wars in Iraq and Afghanistan also is a major factor.The soaring deficit is making Chinese and other foreign buyers of U.S. debt nervous, which could make them reluctant lenders down the road. It could also force the Treasury Department to pay higher interest rates to make U.S. debt attractive longer-term.These are mind-boggling numbers, said Sung Won Sohn, an economist at the Smith School of Business at California State University.Our foreign investors from China and elsewhere are starting to have concerns about not only the value of the dollar but how safe their investments will be in the long run.The Treasury Department said Monday that the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to $1.09 trillion. The administration forecasts that the deficit for the entire year will hit $1.84 trillion in October.Government spending is on the rise to address the worst financial crisis since the Great Depression and an unemployment rate that has climbed to 9.5 percent.Congress already approved a $700 billion financial bailout for banks, automakers and other sectors, and a $787 billion economic stimulus package to try to jump-start a recovery. Outlays through the first nine months of this budget year total $2.67 trillion, up 20.5 percent from the same period a year ago.There is growing talk among some Obama administration officials that a second round of stimulus may eventually be necessary.

That has many Republicans and deficit hawks worried that the U.S. could be setting itself up for more financial pain down the road if interest rates and inflation surge. They also are raising alarms about additional spending the administration is proposing, including its plan to reform health care.President Barack Obama and Treasury Secretary Timothy Geithner have said the U.S. is committed to bringing down the deficits once the economy and financial sector recover. The Obama administration has set a goal of cutting the deficit in half by the end of his first term in office.

In the meantime, the U.S. debt now stands at $11.5 trillion. Interest payments on the debt cost $452 billion last year — the largest federal spending category after Medicare-Medicaid, Social Security and defense.The overall debt is now slightly more than 80 percent of the annual output of the entire U.S. economy, as measured by the gross domestic product. During World War II, it briefly rose to 120 percent of GDP.

The debt is largely financed by the sale of Treasury bonds and bills.

Many private economists say the administration had no choice but to take aggressive action during the financial crisis.We have a deep recession hammering tax revenues and forcing the government to provide a lot of help to the economy,said Mark Zandi, chief economist at Moody's Economy.com.But without this help, the downturn would be even more severe.History shows the dangers of assuming too soon that economic downturns have ended.President Franklin D. Roosevelt made that mistake in 1936. Believing the Depression largely over, he sought to reduce public spending and to balance the federal budget, but that undermined a fragile recovery, pushing the economy back under water in 1937.Japanese leaders made a similar mistake in the 1990s when they temporarily withdrew government stimulus spending, prolonging Japan's recession into one that lasted a full decade.Republicans in Congress are seizing on the deficit — and the persistence of the recession — to attack Democrats. Washington Democrats keep borrowing and spending money we don't have,said House Republican Leader John Boehner of Ohio.

So far, interest rates have remained low.

This is partly because the Federal Reserve has kept a key short-term rate at a record near zero. Also, all the economic troubles in housing and the rest of the economy have depressed demand for credit by the private sector, meaning the government's borrowing costs are relatively low.The benchmark 10-year Treasury security has risen by about a percentage point in recent weeks, but analysts note it is still trading at historically low levels of around 3.35 percent. Geithner travels later this week to Saudi Arabia and the United Arab Emirates, where he is expected to face questions about the U.S. deficit. As he did during a visit to China last month, Geithner will try to reassure investors in the Middle East that their U.S. holdings are safe from a calamitous bout of inflation.The deficit of $1.09 trillion so far this year compares to an imbalance of $285.85 billion through the same period a year ago. The deficit for the 2008 budget year, which ended Sept. 30, was $454.8 billion, the current record in dollar terms.Revenues so far this year total $1.59 trillion, down 17.9 percent from a year ago, reflecting higher unemployment, which cuts into payroll taxes and corporate tax receipts.Under the administration's budget estimates, the $1.84 trillion deficit for this year will be followed by a $1.26 trillion deficit in 2010, and will never dip below $500 billion over the next decade. The administration estimates the deficits will total $7.1 trillion from 2010 to 2019.

FROM JEROME CORSI'S RED ALERT Wind farms: Simply full of hot air? Prominent oilman gives up turbine power boondoggle July 13, 2009 7:54 am Eastern 2009 WorldNetDaily

Oilman T. Boone Pickens

Oilman T. Boone Pickens has abandoned plans to build his billion-dollar wind farm in Texas, finally deciding to throw in the towel on one of the nation's most expensive alternative energy boondoggles, Jerome Corsi's Red Alert reports. In May 2008, Pickens announced his oil company, Mesa Power LP, would order 687 wind turbines, or 1,000 megawatts of capacity, from GE at a cost of about $2 billion. By 2014, Pickens planned to expand the wind farm in west Texas to a gigantic 4,000 megawatts, about four times the output of a typical nuclear power plant.Now, Pickens has decided the idea was a bust,Corsi wrote,resolving that at best all that might work are small wind farms in limited geographical locations, though Pickens has yet to say where exactly he now considers that wind turbine power might be an economically successful venture.

At the height of his enthusiasm for wind turbine power, Pickens created a website to promote his Pickens Plan solution for a U.S. energy policy that would wean U.S. dependence from foreign oil.Pickens spent some $58 million to broadcast a series of television commercials promoting his agenda, and he appeared all over cable television news to promote his idea that wind power was a renewable energy that could save America from dependence on foreign oil. The problem was Pickens could never convince a major city such as Dallas to agree to create the necessary connections to transmit the electricity generated by the Pampa wind turbine farm to Dallas,Corsi noted.A key Pickens television commercial began by stating that the U.S. imported 24 percent of all oil consumed in the country, growing to 42 percent in 1970 and almost 70 percent today and climbing every minute.Pickens also asserted that over $700 billion leaves this country to foreign nations every year,an amount the commercial argues is four times the cost of the Iraqi war.Pickens, typically a strong financial supporter of Republican Party candidates, made a point of sitting out the 2008 presidential campaign. He then formed strong ties with the incoming Obama administration to advance his energy agenda.The Pickens Plan,in its heyday, involved using more wind and solar power to provide electricity to cities. He then wanted to convert 18-wheeler commercial trucks to be driven on natural gas, with a goal of converting 300,000 of the nation's fleet of 6.5 million long-haul trucks.Pickens was one of the first prominent oilmen to claim electric batteries will be the ultimate solution for automobiles.He openly acknowledged the difficulty that billions of dollars would have to be spent to modernize electric grids throughout the country, to modify long-haul trucks as well as to provide a natural gas infrastructure of service stations around the country and to create a new generation of battery-powered cars.

The pillars of the Pickens Plan listed on his website included:

Create millions of new jobs by building out the capacity to generate up to 22 percent of our electricity from wind. And adding to that with additional solar capacity;
Building a 21st century backbone electrical grid; Providing incentives for homeowners and the owners of commercial buildings to upgrade their insulation and other energy savings options; and Using America's natural gas to replace imported oil as a transportation fuel.The Pickens Plan was strangely reminiscent of many initiatives that have been discussed since the administration of Jimmy Carter in the 1970s, Corsi wrote.Anyone who has driven through California has seen hundreds of abandoned wind turbines that have been built since the 1970s as a result of various tax-incentive subsidies that have attempted to promote the alternative energy or renewable energy agendas of past decades.Still, Pickens pleads, I've been an oilman all my life. But this is one emergency we can't drill our way out of.Since Pickens failed to convince the federal government, or Texas, to spend the hundreds of millions of dollars needed to connect the Pickens-built wind farm to the electrical grid in Dallas, Pickens is left with a lot of wind turbines blowing in the wind in the dusty Texas panhandle, Corsi wrote.Pickens is now facing approximately a $2 billion loss on his boondoggle wind turbine adventure, he noted.Considering the amount of money Pickens had at stake in this venture, Corsi said it is no wonder he pumped millions into running a television campaign promoting a vision of alternative energy that features wind turbines.The Dallas Morning News reported that GE will deliver the first round of wind turbines in the first quarter of 2011.I don't have that big a garage to put them in,Pickens told the newspaper,so I've got to start getting ready to use them.He said he was looking at sites in Wisconsin, Oklahoma, Kansas and Texas to build three or four wind farms with around 150 turbines in each.Pickens also hopes the prices of natural gas and oil will spike once again, as they did in the summer of 2008.You had them standing in line to finance you when natural gas was around $9 per million British thermal units,he told the Dallas Morning News. Natural gas at $4 doesn't have any people trying to finance you.Red Alert has previously reported that ethanol is another renewable fuel where chief manufacturers are going broke.

In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.