106 BANKRUPT BANKS-MANY MORE WEAK

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).

Poland joins growing list of countries opposing Tony Blair's bid to be EU president Tony Blair's hopes of becoming the first president of the European Union have been dealt a potentially fatal blow by Poland.By Martin Banks in Brussels and Melissa Kite, Political Correspondent Published: 7:45AM GMT 25 Oct 2009

Tony Blair is losing out in attempt to become the first president of the European Union Photo: Getty The Polish prime minister, Donald Tusk, has submitted a report to the European Commission saying his country will not support a high profile candidate who has ambitions to enlarge the role.The move is a significant setback for the former Labour prime minister who has been privately courting supporters for his candidacy for the role, which is to be created under the terms of the Lisbon Treaty.

Rugby Football Union 2015 windfall could help Football Association 2018 team cash inPoland is the largest of the former eastern European states whose membership of the EU was championed by Mr Blair when first in office, and all had been expected to back his candidacy.In a sign of frustration among Blair allies that he is being thwarted, the new Minister for Europe last night called on British politicians to get behind Mr Blair for the job. Chris Bryant said it would be bizarre for British people to try to block Mr Blair.In an interview with The Sunday Telegraph, the first since his appointment, Mr Bryant said: We are deliberately not pre-judging the issue. The post doesn't exist yet. But it would be bizarre for Britain not to want a Briton to take the post. I actually don't think British people are opposed to a British president.Referring to opposition from the Conservatives, he said: It seems very odd that a country would lobby against one of their own holding the post.The Sunday Telegraph has established that at least eight member states now oppose a Blair presidency, making it less likely that his initial support would be so overwhelming that opposing governments feel obliged to give way swiftly in discussions. The winning candidate will require the unanimous support of all 27 EU member states when the position is discussed, possibly as early as this week at the EU summit in Brussels.Poland set out its strong preference for a quiet consensus-builder who will not try to aggrandise the post.The president of the European Council, apart from chairing sessions, should concentrate on ensuring the continuity of its works and on building consensus among representatives of member states,the Polish document reads.His or her authority should not be extended through non-treaty measures.As the largest former eastern bloc country, its clear view may also have an impact on others in the region. Although he is yet to publicly declare himself for the job, Mr Blair is thought to be keen to take on the role which would make him a figurehead for the EU around the world and well as a £247,000 a year salary, a £37,000 housing allowance and other perks.

Belgium, the Netherlands and Luxembourg have made clear that they want a chairman type president, a low-key figure who will not eclipse the role of smaller countries. They favour either the former Belgian prime minister, Guy Verhofstadt, or the Dutch prime minister, Jan Peter Balkenende.Also hostile to a powerful presidential figure - apparently ruling out Mr Blair - are Austria and Sweden. A senior source at Sweden's permanent representation to the EU said Fredrik Reinfeldt, the country's prime minister, is thought to favour a technocrat, fearing that a big hitter like Blair would cause utter confusion between the EU's different presidencies.Franz Fischler, Austria's former EU commissioner, said: Blair would want to assert himself against the commission and that, naturally, would create conflict with the other presidencies.Spain and Portugal are expected to endorse the credentials of Felipe Gonzalez, a former Spanish prime minister. A well-placed Spanish official in Brussels said: Blair comes with too much baggage whereas Gonzalez would be far more of a consensus-seeker. He has the negotiating skills necessary for the post.
Germany's chancellor, Angela Merkell, acknowledges Mr Blair's merits but favours Jean-Claude Juncker, of Luxembourg, while Nicolas Sarkozy, the French president, has expressed doubts because of Britain's absence from the single currency. Silvio Berlusconi, the Italian prime minister, is the only EU leader to have unambiguously backed the former Labour leader.In his interview, Mr Byrant said the time for arguing over the Lisbon Treaty had passed. He said the Tories, who continue to oppose the document, were living in cloud cuckoo land" on the issue, and accused Mr Cameron of lying by promising the British people a referendum on the treaty.The moment has passed for that. We have got 26 countries that have ratified the treaty now. The Tory position is inept, they haven't thought it through, and there is a fundamental deception at the heart of what they are saying. I think your readers will end up feeling deceived by Cameron over the question of a referendum. I would lay a very big wager that they will be very disappointed if there was a Cameron government because they wouldn't end up having a referendum.He said Mr Cameron's pledge that he will not let matters rest there was deliberately ambiguous, covering the fact that he would not be able to renegotiate. Either he's incompetent and he doesn't know this, or he knows and he's downright fibbing. He has got to come clean.

EU-style Asian bloc proposed - Philippine Daily Inquirer, Agence France-Presse, Associated Press First Posted 02:39:00 10/26/2009

Filed Under: ASEAN, Summit, Diplomacy, Foreign affairs & international relations, International (Foreign)Trade-HUA HIN, THAILAND—Asian leaders heard competing plans from Australia and Japan for a massive European Union-style bloc covering half the world’s population as they wrapped up their annual summit on Sunday.Australian Prime Minister Kevin Rudd presented his counterparts at the meeting in Thailand with his vision for an Asia-Pacific Community, possibly by 2020, as the region seeks to boost its global influence.Japanese Prime Minister Yukio Hatoyama then pushed his rival plan for an East Asian Community, a day after saying the region should aim to lead the world.Heads of state at the summit in the beach resort of Hua Hin also signed pacts on boosting integration after the global recession and cooperating on issues including climate change and disaster management.The summit of 10 countries from the Association of Southeast Asian Nations (ASEAN) plus China, Japan, South Korea, India, Australia and New Zealand was dominated by talk of unity. But the ASEAN summit was also marred by controversy over human rights.Abhisit Vejjajiva, the prime minister of host nation Thailand, said the leaders listened carefully and attentively to the plans set out by the Australian and Japanese premiers, but would not rush to any decision.What we emphasized was that it wasn’t all that important to decide on some kind of rigid structure at the moment, but to be aware that the regional architecture would continue to evolve,Abhisit said in his closing statement.
He said there would be a meeting in Australia in December to discuss Rudd’s plan and that the idea of an East Asian Community was moving forward in parallel with plans for a free trade area in the region.

More flexible

Rudd’s plan includes the direct involvement of the United States. The Japanese leader’s proposal, however, is more flexible, while still maintaining that Washington is a cornerstone of Japanese policy.What I detect across the region is an openness to a discussion about how we evolve our regional architecture into the future,Rudd told reporters before laying out his plan.I have not set an urgent timeline on this, I have in fact suggested a timeline of 2020,” he added. He would not say if his plans called for a common currency.

New model

Abhisit said the Asian leaders had given high priority to finding a new economic growth model to free half the world’s population from merely serving as producers for the West.He told a press conference that Asian nations would have to strengthen their domestic markets and further liberalize regional trade.The old growth model where, simply put, we have still to rely on consumption in the West for goods and services produced here will no longer serve us in the future,Abhisit said.

East Asia’s role

The Asian leaders, a conference document said, noted that the region had shown signs of recovery from the global crisis and regained its pace of economic growth.East Asia could therefore play a crucial role in driving global economic recovery and in reforming the international financial architecture,it said, noting that the Asian Development Bank recently revised its forecasts for East Asian economic growth from 3.4 to 3.9 percent this year and 6 to 6.4 percent in 2010.The East Asia Summit followed Saturday meetings of the 10 ASEAN leaders with heads of government from China, Japan and South Korea. Sunday’s expanded talks brought in Australia, New Zealand and India.

Dream of integration

The 16 leaders represent almost half the world’s population and more than a third of the global GDP.The conference signed or noted 43 documents, several focused on economic integration.ASEAN countries have haltingly tried to integrate their economies, and are seeking to eliminate trade barriers within the bloc to bring about an EU-style grouping by 2015.Over the past year we have proved that ASEAN continues to move forward. We have risen to the challenges of the times,Abhisit said, noting regional cooperation in coping with the global economic crisis, swine flu and several natural disasters in the region.

Vietnam is next chair

The next summits have been scheduled for Hanoi in April and October next year, when Vietnam assumes the ASEAN chairmanship.Thailand and neighboring Cambodia remained at loggerheads over the fate of fugitive former Thai leader Thaksin Shinawatra, after Cambodian Premier Hun Sen offered him a job as his economic adviser.Chinese Premier Wen agreed with his Indian counterpart Manmohan Singh to work toward narrowing differences on a long-simmering dispute over the Indian border state of Arunachal Pradesh.Around 18,000 troops and dozens of armored vehicles were deployed in Hua Hin after the Asian summit was twice postponed by antigovernment protests led by supporters of the exiled Thaksin. Reports from Agence France-Presse and Associated Press.

Germany causes surprise with choice of EU commissioner - Angela Merkel made the decision public over the weekend (Photo: s_zeimke)HONOR MAHONY Today OCT 26,09 @ 07:14 CET

Germany's next EU commissioner is to be Guenther Oettinger, the minister president of Baden-Wuerttemberg, a politician with no European profile who did not expect to be offered the job.The announcement was made over the weekend following negotiations between Chancellor Angela Merkel's Christian Democrats (CDU) and the their future coalition partner, the Liberals (FDP).Mrs Merkel's decision surprised politicians both at home and in Brussels, having deviated from a widely quoted shortlist that had included interior minister Wolfgang Schaeuble and centre-right MEP Elmar Brok.

The 56-year old Mr Oettinger, who is an economics expert and originally studied law, has led the economically powerful region since 2005.He is not seen as being very close to the chancellor, who forced him to distance himself from remarks in 2007 when he played down the Nazi past of Hans Filbinger, one of his predecessors as minister president. German media portray the decision as Mrs Merkel seeking to remove him from the national stage after he became a thorn in her side over the years. Most recently, he crossed the chancellor by refusing to play ball on budget issues during the ongoing coalition negotiations. In Baden-Wuerttemberg itself, his popularity has been on the wane.The Financial Times Deutschland carried a piece on Sunday (25 October) headlined: Oettinger feels he has been dumped in Brussels.For his part, Mr Oettinger, who will take over from the social democrat Guenter Verheugen in charge of industry, said he was looking for the bigger economic picture,referring to his pending move to Brussels. He denied he was pressured to go the EU capital saying such offers are only made once.

Brussels taken by surprise

Brussels was apparently also wrong-footed. The Kolner Stadt-Anzeiger says EU commission president Jose Manuel Barroso, in charge of dealing out the portfolios to the various commissioners, telephoned German politicians in Brussels and asked what's all this about? EU interpreters may also be asking the same question in future. Mr Oettinger speaks a strong Swabian dialect, with his region making a play on the strength of the dialect and accent, which Germans from other regions find difficult to understand.Public relations posters for Baden-Wuerttemberg say: We can do everything except speak standard German [Wir koennen alles. Ausser Hochdeutsch)].

While Berlin will be looking for a strong portfolio in the next commission and like other capitals will be lobbying hard to this end, the decision ultimately lies with Mr Barroso.The commission's new lineup is set to be a hot topic when EU leaders gather for a summit in Brussels at the end of the week. Its current mandate runs out on 31 October. Delays in ratification of the Lisbon Treaty, a new set of EU institutional rules, in the Czech Republic is to see a late re-appointment of the EU executive, with member states keen to get the new team up and running as soon as possible.

Leaders of 16 Asian nations meet in Thailand By GRANT PECK, Associated Press Writer – Sun Oct 25, 5:58 am ET

CHA-AM, Thailand – Leaders of 16 Asian countries gave high priority Sunday to finding a new economic growth model to free half the world's population from merely serving as producers for the West, the Thai prime minister said.Prime Minister Abhisit Vejjajiva said the leaders gave such a search the utmost importance at the annual East Asian Summit, which concluded Sunday. He told a press conference that Asian nations would have to strengthen their domestic markets and further liberalize regional trade.The old growth model where, simply put, we have still to rely on consumption in the West for goods and services produced here will no longer serve us in the future,said Abhisit, who hosted the meeting.The East Asia Summit followed Saturday meetings of leaders from the 10-member Association of Southeast Asian Nations with heads of government from China, Japan and South Korea. Sunday's expanded talks brought in Australia, New Zealand and India.The 16 leaders represent almost half the world's population and more than a third of the global GDP, according to Australia's Prime Minister Kevin Rudd.The three-day conference included the launch of Southeast Asia's first human rights watchdog, and talks on economic integration of ASEAN by the year 2015, disaster management, climate change and military-ruled Myanmar, an ASEAN member widely criticized internationally for its human rights violations.Abhisit said Myanmar Prime Minister Gen. Thein Sein told other leaders that he welcomed signs of engagement from various regions, a reference to Washington's recent announcement that it would seek high-level dialogue rather than shunning the junta. Thein Sein also said that he was optimistic that democracy leader Aung San Suu Kyi, held in detention for 14 years, could contribute to reconciliation.ASEAN has always argued that engagement is the right approach. We feel that if everybody takes this approach we would be encouraging Myanmar in her successful implementation of her own roadmap (to democracy), Abhisit said.Southeast Asian leaders on Saturday called on Myanmar to conduct free and fair elections next year when the junta has promised to hold the first polls in two decades. Activists criticized the bloc for failing to take a tougher stand against one of the world's worst human rights offenders.

The conference signed or noted 43 documents, several focused on economic integration.

ASEAN countries have haltingly tried to integrate their economies, and are seeking to eliminate trade barriers within the bloc to bring about a European Union-style grouping by 2015.Over the past year we have proved that ASEAN continues to move forward. We have risen to the challenges of the times,Abhisit said, noting regional cooperation in coping with the global economic crisis, swine flu and several natural disasters in the region.The next summits have been scheduled for Hanoi in April and October next year, when Vietnam assumes the ASEAN chairmanship.

Obama's 1-world government October 25, 2009 9:13 pm Eastern 2009WND
Halloween just got scarier – much scarier.CHUCK NORRIS

I'm not talking about a new Hollywood slasher film or a new line of grotesque costumes, but a possible political nightmare scenario in which the White House could be positioned to sell out U.S. sovereignty, shred the Constitution and leave you and yours to the whims of foreign powers. Flying deep under Washington's radar is an upcoming (December) global climate change conference in Copenhagen, Denmark, under the guise of the United Nations Framework Convention on Climate Change. Virtually nothing has been said about it from the White House. But then again, I'm sure they think, who could be against working together for climate change? It all sounds pretty politically benign, doesn't it? Global Warming or Global Governance? What the media refuse to tell you about so-called climate change.Not according to Lord Christopher Monckton, once science policy adviser to Lady Margaret Thatcher, who read the treaty and said the Copenhagen conference is a cover for the beginnings of a one-world government. Monckton spoke to the Minnesota Free Market Institute in St. Paul, Minn.:

I have read that treaty and what it says is this: that a world government is going to be created. The word government actually appears as the first of three purposes of the new entity. The second purpose is the transfer of wealth from the countries of the West to Third World countries, in satisfaction of what is called, coyly, climate debt – because we've been burning CO2 and they haven't. And we've been screwing up the climate and they haven't. And the third purpose of this new entity, this government, is enforcement. How many of you think the word election, or democracy or vote, or ballot occurs anywhere in the 200 pages of that treaty? Quite right, it doesn't appear once.Monckton then warned, if Obama signs the treaty, he would be flushing U.S. sovereignty down the global toilet. He cautioned, But, in the next few weeks, unless you stop it, your president will sign your freedom, your democracy and your prosperity away forever – and neither you nor any subsequent government you may elect would have any power whatsoever to take it back again.
Monckton further pointed out that, even though ratification of our president's signature on that treaty would take a 67 supermajority (two-thirds) of the Senate, it could pass a simple majority as an amendment to the cap-and-trade bill.

Politifact.com (as well as many Left-leaning blogs) quickly criticized Monckton's conclusions as conspiratorial and climate-skepticism rhetoric, based upon the notion that the treaty is a draft and not a finalized document. But the apologetic of Politifact.com leaves the impression that the current draft is the roughest of cuts, when in reality it is the result of seven sessions of deliberations and revisions from several subgroups, including representatives from developed and developing countries (parties),with a view to modifying it in the direction of consolidation and convergence.Like with Congress' drafts of Obamacare, should we not be concerned because the current draft of the treaty may not be the final version, especially when the present language smacks of an abandonment of the principles upon which our republic was founded? As I myself read through the latest draft of the 181-page treaty, I noticed many lines that could warrant Monckton's and others' concerns (I've added italics for emphasis):
PP.6 Intending to renew and strengthen the global partnership through the creation of new levels of cooperation among Parties, according to the principles of the Convention. (Page 6)
PP.7 Affirming a Shared Vision of a long-term goal to equitably, successfully and coherently integrate the ambitious efforts of all Parties. (Page 6)
PP.8 Recognizing that sustainable development is the first priority for developing countries. Therefore, that our commitment to a low carbon society would have to be linked to our development priorities, in accordance with the provisions of the Convention. (Page 6)
PP.13 Recognizing that current and potential climate change impacts require a shift in the global investment patterns and that criteria for financing allocation shall clearly respond to the priorities identified by the international community, with climate change stabilization being one of these priorities. (Page 6)
10. Led by developed country Parties, an economic transition is needed that shifts in order to adjust global economic growth patterns towards a sustainable low-emission economy … (Page 8)
20. In order to fulfill this shared vision, Parties have agreed to establish a coherent, cohesive and integrated system of financial and technology transfer mechanisms under the Convention and a follow up/compliance mechanism. (Page 10)

ensuring that global crises, such as the financial crisis, should not constitute an obstacle to the provision of financial and technical assistance to developing countries in accordance with the Convention. (Page 11 – Please read that one again!)

all developed country Parties should then be increased to achieve the global goal without the contribution of developing country Parties. (Page 13)

36. The new agreed post-2012 institutional arrangement and legal framework to be established for the implementation, monitoring, reporting and verification of the global cooperative action for mitigation, adaptation, technology and financing, should be set under the Convention. It should include a financial mechanism and a facilitative mechanism drawn up to facilitate the design, adoption and carrying out of public policies, as the prevailing instrument, to which the market rules and related dynamics should be subordinate, in order to assure the full, effective and sustained implementation of the Convention. (Page 18)
37. The new institutional arrangement will provide technical and financial support for developing countries in the following areas: (a) preparation, implementation and follow-up through monitoring, reporting and verification of nationally appropriate mitigation actions (NAMAs) by developing countries. These activities could include options to reduce emissions from deforestation and forest degradation (REDD); (b) preparation, implementation and follow-up of national adaptation programmes of action (NAPAs) or national communications in developing countries; (c) technology needs assessments (TNAs) for adaptation and mitigation under the NAMAs and the NAPAs or national communications of developing countries; (d) capacity-building and enabling environments for adaptation and mitigation in developing countries; (e) education, awareness raising and public participation, focused on youth, women and indigenous peoples; (f) design and implementation of adaptation programmes and projects; (g) support for all technological cycle phases: research and development (R&D), diffusion and transfer, including acquisition of technologies for adaptation and mitigation, including the purchase or flexibility of patents. (Page 18)
38. The scheme for the new institutional arrangement under the Convention will be based on three basic pillars: government; facilitative mechanism; and financial mechanism, and the basic organization of which will include the following … (Page 18)

52. Particular effort should be taken to enhance cooperation amongst intergovernmental organizations. (Page 47)
28. A global fund shall be established to support a global feed-in tariff programme, providing guaranteed purchase prices, over and above the retail energy price in developing countries. … The Global Fund shall aim at both inducing a shift to renewable energy without compromising development momentum in developing countries, and achieving economies of scale and a sustained reduction in the costs of generating renewable energy. (Page 138)
29. A special fund shall be established: (a) For the economic and social consequences of response measures … (b) To assist countries whose economies are highly dependent on income generated from the production, processing and export, and/or on consumption of fossil fuels … (Page 138)

That last point (No. 29) is one of the most shocking. Not only are developed countries (like the U.S.) mandated in this treaty to provide for developing countries despite global or financial crises (p. 11). After becoming the wealthiest nations on the planet from the production and sale of oil, like those in the Middle East, this global governing body will establish a special fund to give them financial aid when the world is no longer dependent upon their commodities! Are they kidding?! Now, if that isn't one powerful intergovernmental or global-governmental group overseeing and manipulating ours and others economic and political conditions, I don't know what is. Even if some of Lord Christopher Monckton's claims about the United Nations Framework Convention on Climate Change are overstated, concerns about the extent of this body's political power and global economic sway are no more conspiratorial than the concern for Al Gore's comments in July (2009) at Oxford that change will be driven through global governance.And does anyone doubt that our president, as a Nobel peace laureate who believes he can negotiate with terrorists and dictators, has a global desire for international coalescence? Or should it not concern us that at the G-20 conference he would push world leaders to reshape the global economy? If he is already selling our nation to communist countries like China via our skyrocketing national debt, how much more difficult would it be to progressively replace the tenets of our Constitution with principles of The Communist Manifesto? Have we already started?

I've been so flabbergasted lately by Washington's abandonment of our founder's vision and principles that I expanded (to more than 300 pages) the new paperback version of my No. 14 New York Times best-seller,Black Belt Patriotism (available in Jan. 2010). It includes new materials in every chapter explaining how, in just one year, the Obama administration has progressively dismantled our Constitution, buried our economy, forsaken our posterity, disintegrated our borders, abandoned our godly heritage, impaled the traditional family and crippled America's health and future. (Amended are also copies of the Ten Commandments, the Declaration of Independence and our Constitution.)One thing is certain: Obama wasn't kidding on the campaign trail when he said it's time for the U.S. to turn the page on its trivial culture wars. But who knew just how many pages he would be turning, even in his first year in office? Who knew he would actually swap the play books? But then again, I'm sure the White House just thinks I've been watching too much Fox News.

EU CALLS FOR WORLD GOVERNMENT
http://www.youtube.com/watch?v=a7D21rPpBrk&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
http://www.youtube.com/watch?v=wFs99zBTRO0&feature=related
http://www.youtube.com/watch?v=kTfv6uOHgqQ&feature=related
http://www.youtube.com/watch?v=QVeMBNB0cII&feature=related
http://video.google.com/videoplay?docid=-4291770489472554607&ei=iaRTSrzHAoqUqQL1gMGqDw&q=EU&hl=en
http://www.youtube.com/watch?v=QVeMBNB0cII&feature=player_embedded
http://www.youtube.com/watch?v=aVmtbLc4t6M&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
http://www.youtube.com/watch?v=Uv5cqh26CC0&eurl=http%3A%2F%2Feuro%2Dmed%2Edk%2F%3Fp%3D1277&feature=player_embedded
EXCELLENT EU REVIEW - WORLD REGIONS,GLOBAL CURRENCY
http://exposureroom.com/members/cybersilence.aspx/assets/d37a8ebc60694cc98173b8f32cfe898d/
EU-NEW SOVIET UNION
http://www.youtube.com/watch?v=bM2Ql3wOGcU&feature=player_embedded
http://www.youtube.com/watch?v=l6Cj1b-rp1E&feature=player_embedded
WORLD GOVERNMENT UNDER TREATYS-INTERNATIONAL LAW
http://en.wikipedia.org/wiki/World_government
TRANSATLANTIC POLICY
http://www.tpnonline.org/

JOAN VEON ON TAMAR YONAH 2008 (WORLD GOVERNMENT)
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
GEORGE HUNT-WORLD BANK ,RELIGION&RULERS
http://www.youtube.com/watch?v=8OvpjRglW9U&feature=related
http://www.youtube.com/watch?v=lFnxNowaaIU&feature=related
http://www.youtube.com/watch?v=584x0zkmHgw&feature=related
http://www.youtube.com/watch?v=zsZvQcZ9Mu4&feature=related
http://www.youtube.com/watch?v=hGl3DHrVMFY&feature=related
http://www.youtube.com/watch?v=Kg90X7OkEsU&feature=related
INSIDE VIEW OF INTERNATIONAL BANKERS
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=36666041
UNDERSTANDING WORLD GOVERNMENT
http://www.womensgroup.org/
http://video.google.com/videoplay?docid=504526035342184251
BANK OF INTERNATIONAL SETTLEMENT PRESS
http://www.bis.org/events/agm2009/pcvideo.htm
HISTORY OF WAR AND THE FEDERAL RESERVE
http://video.google.com/videoplay?docid=1874212534444628577&hl=en

WORLD GOVERNMENT
http://www.youtube.com/watch?v=nnq5cQMiAB8&feature=related
http://britanniaradio.blogspot.com/2009/07/we-are-already-under-global-government.html#links
DICK MORRIS-This truly creates a global economic system. From now on, don’t look to Washington for the rule making, look to Brussels.

EPHESIANS 6:10-13
10 Finally, my brethren, be strong in the Lord, and in the power of his might.
11 Put on the whole armour of God, that ye may be able to stand against the wiles of the devil.
12 For we wrestle not against flesh and blood, but against principalities,(DEMONIC ANGELS IN HIGH PLACES) against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.(SPIRTIUAL DEMONIC PERSONS)
13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

LUKE 4:5-7(BECAUSE SATAN OFFERS WORLD POWER, WORLD ORDERERS HAVE ACCEPTED SATANS GIFT)
5 And the devil, taking him (JESUS) up into an high mountain, shewed unto him all the kingdoms of the world in a moment of time.
6 And the devil said unto him, All this power will I give thee, and the glory of them: for that is delivered unto me; and to whomsoever I will I give it.
7 If thou therefore wilt worship me, all shall be thine.

DANIEL 7:23-25
23 Thus he said, The fourth beast shall be the fourth kingdom upon earth, which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.
24 And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.
25 And he shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.

DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.

REVELATION 13:1-3,7,8,12,16-18
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
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.

REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.

We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950

Like a famous WWII Belgian General,Paul Henry Spock said in 1957:We need no commission, we have already too many. What we need is a man who is great enough to be able to keep all the people in subjection to himself and to lift us out of the economic bog into which we threaten to sink. Send us such a man. Be he a god or a devil, we will accept him.And today, sadly, the world is indeed ready for such a man.

Obama's new world order By Jeffrey T. Kuhner OCT 25,09

President Obama is on a path toward establishing a one-world government. This is the warning of Christopher Monckton, a former major policy adviser to British Prime Minister Margaret Thatcher. In December, world leaders will descend upon Copenhagen to sign a United Nations climate change treaty that will succeed the 1997 Kyoto Protocol, which is aimed at reducing greenhouse gases and set to expire in 2012. An agreement has been drafted. The goal of the Copenhagen treaty is to erect an international cap-and-trade regime to curb carbon dioxide (CO2) emissions, said to be responsible for man-made global warming. Recently, British Prime Minister Gordon Brown warned of a climate catastrophe - a rising wave of floods, droughts and shrinking food crops - unless the treaty is signed. Mr. Brown even said global warming would inflict more damage than both world wars and the Great Depression combined; the world has only several weeks to save itself from impending doom. If we do not reach a deal at this time, let us be in no doubt: once the damage from unchecked emissions growth is done, no retrospective global agreement, in some future period, can undo that choice,he said. Mr. Brown has thus outdone former Vice President Al Gore in fear-mongering and inciting public hysteria. Global-warming alarmists are using the myth of climate change to impose an embryonic socialist world government. Following the collapse of communism, the West's progressive elites desperately searched for a viable ideological alternative. They found it in environmentalism.

Although the Green movement wraps itself in the flag of empirical science, it represents the very opposite: a dogma that provides meaning and purpose to its rabid followers. The ideology justifies massive tax increases and government control of the economy; it seeks to cripple free enterprise and curtail market-driven growth. Many of today's Greens are yesterday's Reds.Global warming is the greatest fraud of our time. The overwhelming scientific evidence shows that, rather than getting hotter, the Earth's temperatures are cooling. Increasing numbers of leading scientists are challenging the flawed computer models used by eco-alarmists. Mr. Gore and his supporters cannot answer several simple questions. If the Earth's temperatures are no longer rising, then how can CO2 emissions be responsible for global warming? How could previous dramatic increases in global temperatures - such as the end of the Ice Age - have taken place without concentrations of CO2? The answer is obvious: Carbon emissions are not connected to fluctuations in global temperatures. The mad drive for an international cap-and-trade system is really geared toward achieving the left's long-sought goal: the destruction of democratic capitalism and national sovereignty. The Greens are poised to succeed where the Reds failed.The Copenhagen treaty must still be negotiated. Final agreement is far from certain, especially from emerging industrial powers like China, India and Brazil. Yet the draft version is clear about the treaty's essential elements. It calls for a massive transfer of wealth from the developed world to the developing world. The United States would be forced to spend billions of dollars a year in foreign aid to pay for a so-called climate debt - a provision to punish wealthy countries for having historically emitted large amounts of CO2, while compensating poor ones for not contributing to greenhouse gases.

The Copenhagen treaty seeks to implement a bureaucratic redistributionist agenda; it is a way for Third World kleptocracies to extort enormous sums of money from America and other rich nations.Moreover, Mr. Monckton points out that, in paragraph 38, Annex 1, the Copenhagen draft calls for a U.N.-created government responsible for taxation, enforcement and redistribution. In other words, the draft treaty explicitly demands that the world body erect an international mechanism with the power to impose emission-reduction targets for each country, determine acceptable levels of CO2 and levy global taxes. The United States would lose control over its environmental policy. Also, it would sign its death warrant as a functioning democracy, enabling the United Nations to administer a fledgling world government possessing the authority to regulate and tax the American economy. The treaty is a sword aimed at the heart of our national sovereignty.If Mr. Obama signs the Copenhagen treaty, he will sign your freedom, your democracy, and your prosperity away forever,Mr. Monckton recently told an audience in Minnesota. I read that treaty and what it says is this: that a world government is going to be created.Yet the U.S. Senate can avoid this disastrous course. A supermajority of 67 votes is required to ratify the treaty. In 1997, the Senate in a 95-0 vote rejected the Kyoto Protocol, thereby preventing the United States from joining. Mr. Monckton believes that, in order to avoid defeat, Mr. Obama will try to circumvent the ratification process. If he does, he will spark a political revolt that will make the Tea Party protests look tame by comparison.Mr. Obama has vowed to create a green economy based on green-collar jobs and a green New Deal.The Copenhagen treaty would enable him to accomplish his revolutionary ambitions. It would mark his Cultural Revolution - the permanent transformation of America.Jeffrey T. Kuhner is a columnist at The Washington Times and president of the Edmund Burke Institute.

EUROPEAN UNION ARMY

DANIEL 7:23-25
23 Thus he said, The fourth beast (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.(TRADING BLOCKS)
24 And the ten horns out of this kingdom are ten kings(10 NATIONS) that shall arise: 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 NATIONS)
25 And he (EU PRESIDENT) shall speak great words against the most High, and shall wear out the saints of the most High, and think to change times and laws: and they shall be given into his hand until a time and times and the dividing of time.(3 1/2 YRS)

DANIEL 8:23-25
23 And in the latter time of their kingdom, when the transgressors are come to the full, a king (EU DICTATOR) of fierce countenance, and understanding dark sentences,(FROM THE OCCULT) shall stand up.
24 And his power shall be mighty, but not by his own power:(SATANS POWER) and he shall destroy wonderfully, and shall prosper, and practise, and shall destroy the mighty and the holy people.
25 And through his policy also he shall cause craft to prosper in his hand; and he shall magnify himself in his heart, and by peace shall destroy many: he shall also stand up against the Prince of princes;(JESUS) but he shall be broken without hand.

DANIEL 11:36-39
36 And the king (EU DICTATOR) shall do according to his will; and he shall exalt himself, and magnify himself above every god, and shall speak marvellous things against the God of gods, and shall prosper till the indignation be accomplished: for that that is determined shall be done.
37 Neither shall he regard the God of his fathers,(THIS EU DICTATOR IS JEWISH) nor the desire of women, nor regard any god: for he shall magnify himself above all.(CLAIM TO BE GOD)
38 But in his estate shall he honour the God of forces:(WAR) and a god whom his fathers knew not shall he honour with gold, and silver, and with precious stones, and pleasant things.
39 Thus shall he do in the most strong holds with a strange god,(DESTROY TERROR GROUPS) whom he shall acknowledge and increase with glory: and he shall cause them to rule over many,(HIS ARMY LEADERS) and shall divide the land for gain.

REVELATION 19:19
19 And I saw the beast,(EU LEADER) and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse,(JESUS) and against his army.(THE RAPTURED CHRISTIANS)

THE BIBLE SAYS THE TRIBULATION POWERS WILL BE NORTH-RUSSIA,SOUTH-EGYPT,EAST-CHINA,WEST-EUROPEAN UNION.SO THIS FM IS RIGHT ON.

British FM wants beefed-up EU on world stage OCT 26,09

LONDON (AFP) – The European Union needs to step up and show it can become a serious player alongside the United States, China and Russia, British Foreign Secretary David Miliband said Monday.The 27-country bloc has to prioritise its relations with Washington, Beijing and Moscow, Miliband wrote in The Times newspaper, ahead of the two-day Brussels summit of EU leaders starting Thursday.Miliband has repeatedly denied reports in recent days that he was touting his credentials for the newly-created job billed as the EU's foreign minister.We need Europe to prioritise relations with the great and emerging powers: the US on security, China on climate change, Russia on energy,he wrote.We need Europe to step up and show it can be a strategic and serious partner, worthy of the world's largest market and strongest regional alliance.He called for the EU's borders to expand eastwards to spread democracy in former dictatorships.The western Balkans, Turkey and Ukraine all want to join eventually,he wrote.We should welcome them. To the south in the Maghreb, there is demand for closer co-operation rather than membership, and we must respond.

He added:We need to step up European efforts to address global conflicts and crises.
Europe has the world's second-biggest aid budget, and armed forces and police doing vital work, whether in the Gulf of Aden on piracy or Kosovo on rule of law.Pakistan should be top of the list for a new drive on aid, trade and engagement.The EU needed Britain's hard-headed pragmatism and global mindset, he added, saying Britain's role in Europe magnified the power of London's ideas and strengthened the kingdom's clout in China, Russia and the United States.

EARTH DESTROYED WITH THE EARTH

GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)(HAMAS IN HEBREW IS VIOLENCE)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM)(HAMAS) through them; and, behold, I will destroy them with the earth.

EARTHQUAKES

MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.

MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.

LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

Major quake strikes off Indonesia: seismologists Sat Oct 24, 6:06 pm ET

JAKARTA (AFP) – A major quake with tsunami potential hit off eastern Indonesia Saturday, seismologists said, but there were no immediate reports of any damage and the tsunami warning was later lifted.The 7.3-magnitude quake struck at 11:40 pm (1440GMT) about 209 kilometres (130 miles) northwest of Saumlaki, Maluku province, at a depth of 165 kilometres, the Indonesian Meteorology and Geophysics Agency said.A later US Geological Survey report registered the quake, in the Banda Sea, at a magnitude of 7.0.Indonesia sits on the Pacific Ring of Fire,where the meeting of continental plates causes high volcanic and seismic activity.There is no report of any death toll yet. The Maluku health agency is sending a team to Saumlaki to check on the situation. Communication there is difficult,health ministry crisis centre head Rustam Pakaya said in a text message.The quake was not felt in Ambon but it was felt strongly in Manokwari in west Papua.The Meteorology and Geophysics Agency technical head Suharjono said the tsunami warning had been lifted and that the quake had no potential to damage surrounding areas.

An AFP reporter in Manokwari said there was no damage in the town.

The quake was followed several hours later by two smaller tremors elsewhere in Indonesia. A 5.5-magnitude quake at a shallow depth of 3 kilometres hit 188 kilometres south of Raba on the island of Sumbawa early Sunday.A few minutes later a 5.0-magnitude hit the same area.There was no immediate tsunami warning or reports of damage.

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.

One dead, one missing after storms hit Greece Sun Oct 25, 3:37 pm ET

ATHENS (Reuters) – One man died and another was missing on Sunday, after storms washed away roads and flooded homes and farms across Greece, officials said.The body of a 41-year-old man was recovered by the coast guard near the central Greek city of Volos. He drowned after strong winds overturned his vessel, the coast guard said.
Another man was missing after his car was swept away by a river in the hardest-hit region of Pieria, about 400 km (240 miles) north of the capital Athens.Fire fighters rescued 10 people trapped in their homes in northern and central Greece. Dozens of animals drowned, as farms and crops were damaged by the heavy rains.We've received more than 250 calls about floods over the weekend,said a fire brigade official who declined to be named.The national road between Athens and the Peloponnese was blocked due to mudslides, police said.The National Weather Service (EMY) said storms were expected to continue through the night and on Monday.In August, wildfires tore through Athens suburbs, destroying thousands of hectares of forest and forcing thousands to flee their homes. The fires hurt support for the conservative government, which lost to the Socialists in elections earlier this month.(Reporting by Renee Maltezou; editing by Michael Roddy)

Torrential storms lash Australia, one dead OCT 25,09

SYDNEY (AFP) – Torrential rain and high winds lashed Australia's most populated state on Monday, leaving one person dead and hundreds of homes without power, officials said.Sydney commuters were warned to drive carefully as storms dumped more than 100 millimetres (four inches) of rain on parts of New South Wales. One man was killed when his car struck a tree in heavy rainfall overnight.State emergency officials received about 80 calls, mainly in the Sydney area, to help with flash-floods and damaged roofs. Some 900 Sydney homes lost power when a falling tree cut electricity cables.Parts of the city were hit by flooding as the storms hit on Sunday. Officials withdrew a thunderstorm warning on Monday but urged residents to watch out for strong coastal winds and more flash-floods.

DISEASES

REVELATION 6:7-8
7 And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.
8 And I looked, and behold a pale horse:(CHLORES GREEN) and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword,(WEAPONS) and with hunger,(FAMINE) and with death,(INCURABLE DISEASES) and with the beasts of the earth.(ANIMAL TO HUMAN DISEASE).

DRUG PUSHERS AND ADDICTS

REVELATION 18:23
23 And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries (DRUGS) were all nations deceived.

REVELATION 9:21
21 Neither repented they of their murders, nor of their sorceries (DRUGS), nor of their fornication, nor of their thefts.

CBS FLU OVERSTATED
http://www.youtube.com/watch?v=zX14wnmbPJI&feature=player_embedded
http://www.youtube.com/watch?v=e9qxQIx3TvE&feature=player_embedded
http://www.youtube.com/watch?v=3jKy5iwW1kU&feature=player_embedded
IS MARTIAL LAW APPROCHING
http://www.youtube.com/watch?v=46iEMNRx69I&feature=player_embedded

Swine-Flu Infection Count at 4,330 Reported: 00:12 AM - Oct/26/09

(IsraelNN.com) The Health Ministry announced on Sunday that the number of people in Israel infected by the H1N1 swine-flu virus has reached 4,330 during the current international pandemic.More than 99 percent have recovered, but the virus has been blamed for 32 deaths. Most of those who died suffered from other illnesses or conditions. Nine people diagnosed with the disease are listed in serious condition at various hospitals throughout the country.

Obama’s H1N1 Emergency Declaration: Is Martial Law Unfolding?
Kurt Nimmo Prison Planet.com Saturday, October 24, 2009

Obama has declared a 2009 H1N1 swine flu a national emergency. It is not clear if this declaration falls under the National Emergencies Act (50 U.S.C. 1601–1651). The act is not mentioned in media reports.The National Emergencies Act was passed in 1976. It has been extended six times. In 2007, the declaration was strengthened with the issuance of National Security Presidential Directive 51 (NSPD-51) which gave the president the authority to do whatever he deems necessary in a vaguely defined catastrophic emergency including everything from canceling elections to suspending the Constitution.NSPD-51 (National Security and Homeland Security Presidential Directive) is unconstitutional. It was created on May 4, 2007, as a presidential directive (bypassing Congress) and signed by George W. Bush. It claims the power to execute procedures for continuity of the federal government in the event of a catastrophic emergency.Such an emergency is construed as any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions.In other words, it is a martial law directive. On May 10, 2007, The Washington Post characterized NSPD-51 is a shadow government directive.The John Warner National Defense Authorization Act (NDAA) for Fiscal Year 2007 states that the military may be used during a national emergency.Sec 1076 is extremely explicit, notes Michel Chossudovsky, and virtually creates a Pinochet style environment for the mass arrest of political dissidents without trial, the storming of public rallies, etc.NDAA specifically mentions epidemic as an excuse to declare martial law.

Prior to Warner and NSPD-51, legislation passed by the Clinton administration allowed the military to intervene in judicial and civilian law enforcement activities. In 1996, legislation was passed which allowed the military to intervene in the case of a national emergency. In 1999, Clinton’s Defense Authorization Act (DAA) extended those powers (under the 1996 legislation) by creating an exception to the Posse Comitatus Act, which permits the military to be involved in civilian affairs regardless of whether there is an emergency,according to Chossudovsky.In 2005, a month after Hurricane Rita, a so-called bird flu crisis was hyped by the government and the corporate media.I am concerned about avian flu. I’m concerned about what an avian flu outbreak could mean for the United States and the world… I have thought through the scenarios of what an avian flu outbreak could mean,Bush declared at the time.One option is the use of a military that’s able to plan and move. So that’s why I put it on the table. I think it’s an important debate for Congress to have (emphasis added).Bush’s directive, signed two years later, did not bother to involve Congress in the debate.Obama’s declaration of a national emergency sets the stage for forced vaccination and internment of people who refuse to be vaccinated.In January, the National Emergency Centers Establishment Act (HR 645) was introduced in Congress. It calls for the establishment of six national emergency centers in major regions in the US to be located on existing military installations to be used to quarantine people in the case of a public health emergency or forced vaccination program. HR 645 remains in committee.The H1N1 crisis is a manufactured crisis. As noted earlier today, a CBS investigative report reveals that H1N1 flu cases are not as prevalent as we are told by the government, the CDC, WHO, and the corporate media. The so-called epidemic is bogus.Millions of people are refusing to take the H1N1 vaccine. In the weeks ahead — if Obama’s emergency declaration falls under the above directives — we may witness a move toward martial law, forced vaccination, and internment of those who refuse.At best, Obama’s declaration is a flimsy attempt to scare people into taking the toxic soft kill vaccination. Let’s hope this is the case.

President Obama declares national emergency over swine flu pandemic, but why? Mike Adams NaturalNews October 24, 2009

According to the CDC, swine flu infections have already peaked, and the pandemic is on its way out. Peak infection time was the middle of October, where one in five U.S. children experienced the flu, says the CDC. Out of nearly 14,000 suspected flu cases tested during the week ending on October 10, 2009, 99.6% of those were influenza A, and the vast majority of those were confirmed as H1N1 swine flu infections. (http://www.cdc.gov/flu/weekly/)Your rights as an American are no longer recognized under this national emergency declaration.Even though the H1N1 pandemic appears to have peaked out, U.S. President Barack Obama has now declared a national emergency over swine flu infections. The reasoning behind such a declaration? According to the White House, it’s designed to allow hospitals to better handle the surge in patients by allowing them to bypass certain federal laws.

Emergency powers trump the Bill of Rights

That’s the public explanation for this, but the real agenda behind this declaration may be far more sinister. Declaring a national emergency immediately gives federal authorities dangerous new powers that can now be enforced at gunpoint, including:
-The power to force mandatory swine flu vaccinations on the entire population.
-The power to arrest, quarantine or involuntarily transport anyone who refuses a swine flu vaccination.
-The power to quarantine an entire city and halt all travel in or out of that city.
-The power to enter any home or office without a search warrant and order the destruction of any belongings or structures deemed to be a threat to public health.
-The effective nullification of the Bill of Rights. Your right to due process, to being safe from government search and seizure, and to remain silent to avoid self-incrimination are all null and void under a Presidential declaration of a national emergency.None of this means that federal agents are going to march door to door arresting people at gunpoint if they refuse the vaccine, but they could if they wanted to. Your rights as an American are no longer recognized under this national emergency declaration.

What emergency?

The declaration of this national emergency seems suspicious from the start. Where’s the emergency? The number of people killed by swine flu in the United States is far smaller than the number of people killed each year from seasonal flu, according to CDC statistics. People obviously aren’t dropping dead by the millions from H1N1 influenza. Most people are just getting mild flu symptoms and a few days later they’re fine.

So where’s the emergency?

The only emergency I can see is the emergency fabricated by Big Pharma to sell more vaccines. By declaring a national emergency over the H1N1 pandemic, Obama is playing right into their hands.I find the timing of all this curious. Two days ago, New York gave up on its efforts to require mandatory vaccinations of health care workers. This was designed to defuse a large number of planned protests from health freedom-conscious people who don’t want government-mandated chemicals pumped into their veins.The planned protests in New York would have fueled yet more resistance among health care workers across the country, and had it been allowed to continue, it could have resulted in a huge nationwide backlash against swine flu vaccines. By backing off the vaccine mandate and blaming it on a vaccine shortage (http://www.naturalnews.com/027313_N…), and then having Obama declare a national emergency, our state and national leaders have halted the protests and put in place a pro-vaccine Big Brother mandate that can be enforced at gunpoint.Big Pharma must be pleased with all this. With these emergency powers in place, all that’s necessary to force vaccinations upon the entire population is a larger supply of the vaccines —and that’s coming in November.

Obama’s H1N1 national emergency declaration could invoke FEMA response to pandemic Mike Adams Natural News October 26, 2009

President Obama’s declaration of a national pandemic emergency is no cause for alarm,reported the mainstream media throughout the weekend. The declaration is nothing more than a precaution,they say.It’s really more a continuation of our preparedness steps,said Anne Schuchat, director of the Centers for Disease Control and Prevention’s National Center for Immunization and Respiratory Diseases, in a USA Today story.Obama’s declaration effectively ends many civil liberties in America.In other words, there’s not really any emergency at all. So why declare a national emergency in the first place? The media reports this was done to allow hospitals to bypass federal regulations concerning the setting up of large-scale triage sites — emergency medical camps quickly constructed to deal with large numbers of sick people.But at the same time, H1N1 isn’t causing large-scale sickness. As USA Today reported, an expert on infectious disease, P.J. Brennan (the chief medical officer for the Penn Health System at the University of Pennsylvania in Philadelphia) said, The public ought to take some solace, some relief in this. It’s not a suggestion that things have deteriorated in any way. In no way is the virus more severe or more difficult to manage.So let me get this straight. The H1N1 virus remains mild. The CDC reports that swine flu infections already peaked out in mid-October. There have been no new developments in swine flu that would be cause for alarm and no reason to suspect huge numbers of sick people flooding into the hospitals. And yet, for some reason, the Obama administration has declared a national pandemic emergency specifically for the purpose of speeding the ability of hospitals to process large masses of sick people through emergency medical triage tents?

What are these people not telling us?

Something doesn’t add up here. Why would the U.S. government need to declare a national emergency to enable hospitals to handle a flood of sick people when there is no flood of sick people (and the pandemic seems to be fizzling out)? This is more like the kind of preparation you might expect in advance of a biological terrorism attack, not for a flu that appears no more dangerous than the seasonal sniffles.

The National Emergencies Act and FEMA

Meanwhile, the media ignores the rest of the story about what dangerous powers a declaration of a national emergency puts into play. As reported here on NaturalNews, this declaration effectively ends many civil liberties in America and, at least on paper, puts the U.S. government in the position of having the legal authority to force vaccinations on the entire population at gunpoint (if they wanted to).The National Emergencies Act passed in 1976 has some peculiar realities attached to it. In particular, as Wikipedia reports:A federal emergency declaration allows the United States Federal Emergency Management Agency (FEMA) to exercise its power to deal with emergency situations … Typically, a state of emergency empowers the executive to name coordinating officials to deal with the emergency and to override normal administrative processes regarding the passage of administrative rules.Got that yet? By declaring a national emergency, Obama invokes a set of laws that not only override important sections of the U.S. Constitution, but that also activate FEMA to take charge of responding to the emergency.Now we know why they need all those emergency medical tent camps near the hospitals. FEMA’s in charge! And if FEMA handles the swine flu pandemic in the same way the agency handled the Hurricane Katrina disaster, we may indeed need all those emergency triage tents after all.
Those of you who have been following the ongoing march to destroy the freedoms of the American People already know about FEMA camps. These aren’t Boy Scout field trip camps; they’re detention centers designed to hold large numbers of people for emergency purposes. Many theories abound on what these FEMA camps might be used for (www.campFEMA.com) (http://www.globalresearch.ca/index….).

They could conceivably be used to quarantine people who are infected with a dangerous pandemic virus. On the other hand, they might also be used to isolated and detain people who refuse to be vaccinated against any declared pandemic. Under the National Emergencies Act and related U.S. law, FEMA would have two years of near-total control over the civilian population, during which people could be subjected to forced vaccinations, mandatory searches of their homes, gunpoint detainment and involuntary transportation to a FEMA detainment facility, and so on.I’m not saying they’re going to do all this, but they could if they wanted to! And that’s not freedom. Real freedom means you have the guaranteed right to be safe from being detained, or arrested without cause, or injected with a government-mandated chemical. Under a declaration of a national emergency, your freedom is at the whim of those who maintain police state powers over you. You’re only free if they decide to refrain from exercising the power they have over you. It’s the same kind of freedom you might get as a peasant in some Medieval kingdom where the king says, You’re free to go.Now, some of these freedom-restricting actions might conceivably be justifiable if a truly dangerous pandemic virus were sweeping through the population killing millions, causing huge disruptions in the national infrastructure and threatening the nation with a partial or total shutdown of essential services. But that is not happening here. H1N1 is a mild virus that rates astonishingly low on the severity scale. If H1N1 were a hurricane, it would be little more than a tropical depression.It is not a category five hurricane, nor a phase six pandemic. Virtually everyone who is exposed to H1N1 generates their own antibodies and cures themselves naturally. According to hospital reports, those who have died from the H1N1 virus are almost exclusively people who were already suffering from preexisting conditions that compromised their health such as asthma or extreme obesity.By any measure, H1N1 as currently configured appears to present no extraordinary threat to the health of the population. So once again, we must ask: Why declare a national emergency and initiate a FEMA response to something that’s not really an emergency?

Why I’m concerned
For the first time in this whole pandemic situation, I’m concerned. Not due to the virus itself, because that’s a mild virus that presents no real threat to the population at large. I’m concerned about what we don’t know might be going on behind the scenes here.These preparations for large-scale medical triage tents and the emergency activation of FEMA have me worried that the American people aren’t being told the whole story. Perhaps a terrorist organization is planning on releasing a wildly dangerous mutation of H1N1 in some major U.S. city. Or perhaps some vaccine maker is, in fact, that terrorist organization. (The best way to sell more vaccines would be to release a mutated form of H1N1 into the population and scare up some more sales…)Or maybe, as some creative thinkers have suggested, the vaccine itself IS a bioweapon, and the U.S. government is preparation for large-scale fatalities it expects to see soon.Or maybe these are just fleeting, dark visions from crazy people, and the U.S. government is a benevolent organization with all our best interests in mind, and they’re jumping through these bureaucratic hoops to make sure there are plenty of hospital beds to go ’round just in case more people get really sick.But even that explanation doesn’t hold water. A “national emergency declaration” isn’t necessary to waive hospital tent rules. Obama could have easily accomplished the same thing with an Executive Order, without having to invoke the National Emergencies Act or put FEMA in charge at all.He chose the emergency declaration for a specific reason. I guess we’ll all have to wait and see what that real reason turns out to be.Sources for this story include:USA Today:http://www.usatoday.com/news/health…
Wikipedia:http://en.wikipedia.org/wiki/Nation…

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,(JORDAN) and the Ishmaelites;(ARABS) of Moab, PALESTINIANS,JORDAN) and the Hagarenes;(EGYPT)
7 Gebal,(HEZZBALLOH,LEBANON) and Ammon,(JORDAN) and Amalek;(SYRIA,ARABS,SINAI) 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.

Kadhafi says Palestinians should have nuclear weapons OCT 25,09

LONDON (AFP) – Arab nations and even the Palestinians should be allowed nuclear weapons as long as Israel's nuclear ambitions are tolerated, Libyan leader Moamer Kadhafi said in an interview out Monday.Israel is widely considered to be the Middle East's sole if undeclared nuclear state, and Kadhafi told Britain's Sky News television that the international community should also allow its Arab neighbours to develop nuclear weapons.If the Israelis have the nuclear weapons and the nuclear capabilities, then it is the right of the Egyptians, the Syrians, the Saudis to have the same -- even the Palestinians should have the same because their counterparts, or their opponents, have nuclear capabilities,Kadhafi said.He added: And, if we don't want this situation, so we'll have to disarm the Israelis from their nuclear weapons and capabilities.The Libyan leader said he would oppose Iran acquiring nuclear weapons if it acknowledges such a goal, but noted Tehran's insistence that its nuclear programme is peaceful -- something that Western powers dispute.Iran, up to now, hasn't said it is manufacturing a nuclear weapon: Iran says it is enriching uranium,Kadhafi said.If Iran were to manufacture nuclear weapons, nuclear arms, then all of us, including us, will be against them. But Iran has not said so.He added: "Our position is clear and it should be clear and evident... that we are against anyone who manufactures, possesses a nuclear weapon, whether it is Iran, America, Libya, or the Israelis.Meanwhile he said US President Barack Obama merited winning the Nobel Peace Prize, but had been given it too soon.I do believe he deserves it, but to be given right now I think it is some sort of hypocrisy, sycophancy, and I think it is premature. It is not due yet,he said.

Israeli military strike more likely after Iran misses nuclear deadline Sunday, 25 October 2009 10:21 News from Jerusalem

The deal put forward in Vienna would not have ended Iran's nuclear programme, even if Tehran had given a prompt yes.Its announcement on Friday will raise suspicions it just wants to bog down the limited deal on offer in further delay and, although more talks are likely, attention will turn east.Given that Israeli government has made a nuclear-free Iran its prime international goal, a military strike to try to achieve that is now correspondingly more likely.John Bolton, the combative flag-bearer for pro-Israel American neo-conservatives, is reported as having said last week that an Israeli nuclear strike is not off the table.The deal would ease pressure for more sanctions on Iran, since the removal of most of its low-enriched uranium would delay its ability to build a nuclear weapon.Mr Obama envisaged that longer negotiations, in the raised atmosphere of trust the deal would create, would then focus on ending its enrichment programme altogether.But in its first response to the proposed deal, Ehud Barak, Israel's defence minister, demanded the cessation of enrichment by Iran, and not just the removal of the enriched material.

Under no circumstances should any option be removed from the table,he added.Any plan by Israel to make good that implicit threat would place President Barack Obama in a quandary. It has always been assumed that Israel would not proceed without American agreement, but Benjamin Netanyahu, the Israeli prime minister, has already faced Mr Obama down over his rejection of demands for a total freeze on settlements in the occupied territories.Meanwhile some analysts are wondering whether Saudi Arabia, which also fears the rise of Iran, was involved in a bomb attack on the Iranian Revolutionary Guard last weekend which killed 42 people.Iran has accused it of funding Jundullah, the Sunni muslim group that claimed responsibility, and Riyadh is also known to be unhappy at the prospect of a deal that leaves Iran's nuclear facilities intact.Mr Obama's worry now will be that as his preference for diplomacy runs into a quagmire, America's longstanding allies may start to take matters into their own hands.telegraph

Rabbis Convene, Call for Ascent to Temple Mount
by Gil Ronen OCT 25,09

(IsraelNN.com) At a special conference Sunday night at Heichal Shlomo in Jerusalem, Zionist rabbis are calling for Jewish ascent to the Temple Mount and for an end to the use of the Temple Mount as a platform for Muslim incitement.The rabbis participating in the conference include Rabbi Dov Lior, Rabbi Yuval Cherlow, Rabbi Elyakim Levanon, Rabbi Yaakov Madan and Kotel Rabbi Shmuel Rabinovich. Also participating are Knesset Members Uri Ariel, Aryeh Eldad and Michael Ben-Ari of the National Union, MK Uri Orbach (Jewish Home) and Kadima's Otniel Schneller. Jerusalem Deputy Mayor David Hadari and Moshe Feiglin are also among the scheduled speakers.

The chairman of the conference, Temple Institute Director Yehudah Glick told Arutz Sheva that the conference's date was chosen because this is the anniversary of the visit by Rambam (Maimonides) to the Temple Mount. There is a worrisome phenomenon that every time two or three rocks are thrown [by Arabs], the Jews are distanced from the Temple Mount,he said.The Arabs learned this and they behave accordingly. Glick said that the police's decision to close down the Mount to Jews during the Sukkot holiday week was a move that could not go unanswered.Many Zionist rabbis support ascent to the Temple Mount but some do not, citing the Nation of Israel's current state of impurity. Those who support ascent insist that the visitors first undergo ritual immersion in a mikveh, remain along the outer perimeter of the grounds and stay outside of areas where Jewish law forbids them to go.

Police storm Temple Mount to disperse Muslim riot Sunday, 25 October 2009 06:40 News from Jerusalem Israeli Police on Temple Mount (Photo Ariel Jerozolimiski)

Security forces, who were already on high alert in Jerusalem on Sunday morning, didn't have to wait long to be called into action, dispersing a Muslim riot that broke out on the Temple Mount.Police, who were accompanying a group of tourists up to the mount, had caught several Muslim youngsters on video camera preparing to cause trouble, including preparing barrels of oil to pour onto the ground to hinder the access of security forces and the visitors.Following the discovery, police reinforcements stormed the mount and were pelted with stones by the young rioters.

One arrest was made and a tense calm was restored to the site.

The already high alert level in the capital had come in response to what police said were calls by both Jewish and Islamic religious leaders to ascend the Temple Mount.
Tensions flared in the capital three weeks ago, when Muslim leaders summoned their followers to come and defend the mount,sparking demonstrations and riots in east Jerusalem throughout Succot.Police on Saturday evening had said they would deal firmly and decisively with any attempts to disturb the peace.Jerusalem police will deploy around the Temple Mount, the alleyways of the Old City, and in east Jerusalem tomorrow, in light of calls from both [Jewish and Muslim leaders] to go up to the mount,a police spokesman said.Calls to Muslim worshipers to arrive in Jerusalem on Sunday have largely come from clerics in east Jerusalem and their counterparts from the northern branch of the Islamic Movement.While the spokesman declined to specify where the Jewish calls had come from, Sunday has been publicized as the day to commemorate the visit by Maimonides to the Temple Mount 843 years ago.To mark that anniversary, a conference is taking place Sunday in Jerusalem, calling Jews to properly arise to the Temple Mount,according to an announcement by the group called Eretz Israel Shelanu. The announcement listed several right-wing MKs and rabbis as conference participants.

In the past, Jews have ascended the mount to mark the anniversary, 6 Heshvan, which was Saturday.While there were no announcements of an organized visit to the Temple Mount on Sunday, a member of the Islamic Movement's southern branch told The Jerusalem Post on Saturday evening that the renewed calls for Muslims to arrive in the capital on Sunday had been made after extremist Jewish elements had recently made clear their intention to go up to the mount.It seems like the extremists don't want to have quiet in Jerusalem or on the Temple Mount,the Islamic Movement member, who asked to remain unnamed, said.These sorts of things used to happen once every year, or once every two years, but now the provocations have become more frequent.
The member of the southern branch, which is independent of the northern branch and considered by some as more moderate, said all sides were unified in their defense of Al-Aksa,and that any provocative visit to the site by extremist Jews would not pass peacefully.The police have to be the ones to stop this,he said.Because we don't want to go back to the violence that occurred recently, or to the riots of October 2000.

While a representative from the Temple Mount Institute was unavailable on Saturday night, the recent tensions over the Temple Mount have also seen an increase in calls by prominent rabbis forbidding Jews to access the Temple Mount, based on Jewish law.
Western Wall Chief Rabbi Shmuel Rabinovitz recently reiterated that Halacha prohibits Jews from even touching the Temple Mount,much less entering it, based on laws of ritual purity.During the heightened tensions in the capital over Succot, Rabbi Yosef Shalom Elyashiv, considered by many Ashkenazi haredim as the foremost decider of Jewish law, told President Shimon Peres, during a highly publicized visit to the rabbi's home in Jerusalem, that Jewish ascent to the Temple Mount was expressly forbidden by Halacha.Elyashiv also told Peres it was important to consider that any provocations on the part of Jews who were determined to ascend to the Temple Mount could lead to needless bloodshed and further condemnation of Israel by the nations of the world.Though police on Saturday had said they were bracing for the possibility of renewed clashes on Sunday, no restrictions were placed on Muslims entering the Temple Mount for prayer, or on visitors who arrived in the morning to tour the compound.Greer Fay Cashman contributed to this report.jpost

ARAB RIOTING PICTURES ON TEMPLE MUNT
http://www.israelnationalnews.com/News/News.aspx/134044

The Qom enrichment facility is not Iran's only hidden nuclear plant Sunday, 25 October 2009 06:51 News from Jerusalem Site of Qom tunnel enrichment plant

Four International Atomic Energy Agency inspectors were due in Tehran Sunday, Oct. 25for their prearranged visit to the newly-discovered uranium enrichment facility near Qom. Aside from that inspection, not much else is left of the Obama administration's pursuit of engagement on Iran's nuclear program. Saturday, Majlis Speaker Ali Larijani threw out IAEA Director Mohamad ElBaradei's overseas enrichment plan the day after it was hailed by the big powers.Soon after Larijani's rejection, President Obama put in hurried calls to the Russian and French presidents on the new crisis.

DEBKAfile's military sources point out that even the UN watchdog visits may lead nowhere, depending on how much access they are allowed to the facilities tunneled deep in a mountain near Qom and how much incriminating evidence was removed in the two weeks since Tehran approved the visit. Some sources in Washington take the existence of this hidden plant as evidence that Iran has got several more secret facilities running - and not just for enrichment but possibly even for covertly constructing nuclear bombs and warheads. Reporting from US sources on Iran's nuclear program tends to be conflicting, fashioned to fit the policy of the moment. For instance, the Qom tunnel hiding place which the US president first revealed in Pittsburgh on Sept. 26 was in fact known to intelligence services, including the CIA, as far back as 2004.In December 2005, the National Council of Resistance of Iran called a news conference to expose details of an installation under construction in deep tunnels near Qom.Yet in 2007, a US National Intelligence Estimate stated that Iran had halted its military nuclear program in 2003! DEBKAfile's intelligence and Washington sources believe that story was fabricated at the time by US undercover agencies to hold George W. Bush and Israel back from a military strike on Iran's nuclear facilities.A similar mechanism was at work Friday, Oct. 23. After Moscow, Paris and Washington approved the ElBaradei plan proposing that Iran send its partially enriched uranium to Russia and France for further enrichment - there was a thunderous silence from Tehran. Despite initial negative signals, sources in the Washington and Vienna quoted Iranian officials as favoring the plan but seeking only a few days until the middle of next week for its final answer.It was Larijani's task to dispel this piece of wishful thinking. He said the West insists on pursuing chicanery or imposing some of its demands on Iran.They say we will provide you with 20 pc enriched nuclear fuel when you hand over to us your enriched material, whereas we see no relation between these two issues.His deputy Alaeddin Boroujerdi repeated an earlier Iranian state television report asserting that Tehran wanted to buy enriched uranium not send it overseas.

The IAEA inspectors' visit to Qom goes well, it may establish four key facts:
1. Iran's nuclear program is military - not just peaceful as Teheran insists;
2. The hidden plant, built to house 3,000 fast centrifuges of the new IR-4 mark, is designed to produce 90 pc (weapons-grade) enriched uranium in an amount sufficient for two to three bombs a year.
3. The US 2007 NSI was made of whole cloth.
4. The most intriguing question which the nuclear watchdog inspectors need to go after now is the provenance of the uranium hexafluoride (UF6) destined for further enrichment at Qom. The Natanz enrichment facility is too closely monitored by the IAEA to be able to able to ship this material out undetected. This means that one or more secret enrichment facilities, still unknown to Western intelligence, are turning out enriched uranium somewhere in Iran in the service of its covert weapons program and remain to be discovered.Diplomatic engagement with Tehran has not even begun to plumb the depths of Iran's deceptions.debka

Public Invited to Prayer Session for Rabbi Eliyahu's Health
by Gil Ronen OCT 25,09

(IsraelNN.com) The former Chief Sephardic Rabbi, Rabbi Mordechai Eliyahu, is in serious condition and is being artificially respirated at the Intensive Care Unit in Jerusalem's Shaarei Tzedek hospital.The Rabbi's son, Rabbi Shmuel Eliyahu of Tzfat (Safed), said that his father was asked recently how the People of Israel can help him and his answer was the word tshuva - which refers to repentance and a return to Torah life.The Rabbi's family asks the public to participate Monday in a special prayer session scheduled to take place at 3:45 pm at the Rabbi's study hall (beit midrash) at 17 Reiness St. in Kiryat Moshe, Jerusalem.Rabbi Eliyahu underwent a CT scan several months ago after collapsing a day earlier in his home in Kiryat Moshe. He underwent a series of tests and treatments but his condition did not improve and it was decided to operate upon him. As part of the recovery process, doctors anesthetized him and respirated him.Rabbi Eliyahu is one of the few living Sephardic rabbis who are also held in great esteem by the Ashkenazic community.

A FALSE PROPHET COMES FROM THE VATICAN ALSO AT THIS TIME.

REVELATION 13:11-18
11 And I beheld another beast coming up out of the earth; and he had two horns like a lamb, and he spake as a dragon.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
13 And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men,
14 And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live.
15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
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

REVELATION 17:1-18
1 And there came one of the seven angels which had the seven vials, and talked with me, saying unto me, Come hither; I will shew unto thee the judgment of the great whore that sitteth upon many waters:
2 With whom the kings of the earth have committed fornication, and the inhabitants of the earth have been made drunk with the wine of her fornication.
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
4 And the woman was arrayed in purple and scarlet colour, and decked with gold and precious stones and pearls, having a golden cup in her hand full of abominations and filthiness of her fornication:
5 And upon her forehead was a name written, MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH.
6 And I saw the woman drunken with the blood of the saints, and with the blood of the martyrs of Jesus: and when I saw her, I wondered with great admiration.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
8 The beast that thou sawest was, and is not; and shall ascend out of the bottomless pit, and go into perdition: and they that dwell on the earth shall wonder, whose names were not written in the book of life from the foundation of the world, when they behold the beast that was, and is not, and yet is.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
11 And the beast that was, and is not, even he is the eighth, and is of the seven, and goeth into perdition.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
13 These have one mind, and shall give their power and strength unto the beast.
14 These shall make war with the Lamb, and the Lamb shall overcome them: for he is Lord of lords, and King of kings: and they that are with him are called, and chosen, and faithful.
15 And he saith unto me, The waters which thou sawest, where the whore sitteth, are peoples, and multitudes, and nations, and tongues.
16 And the ten horns which thou sawest upon the beast, these shall hate the whore, and shall make her desolate and naked, and shall eat her flesh, and burn her with fire.
17 For God hath put in their hearts to fulfil his will, and to agree, and give their kingdom unto the beast, until the words of God shall be fulfilled.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.

LUKEWARM CHURCHES

REVELATION 3:15-19
15 I know thy works, that thou art neither cold nor hot: I would thou wert cold or hot.
16 So then because thou art lukewarm, and neither cold nor hot, I will spue (VOMIT) thee out of my mouth.
17 Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked:
18 I counsel thee to buy of me gold tried in the fire, that thou mayest be rich; and white raiment, that thou mayest be clothed, and that the shame of thy nakedness do not appear; and anoint thine eyes with eyesalve, that thou mayest see.
19 As many as I love, I rebuke and chasten: be zealous therefore, and repent.

Conservative Anglican leaders urge change Sun Oct 25, 5:18 pm ET

LONDON – A conservative group of Anglican bishops are pushing for change in their own churches rather than suggesting the faithful turn to Rome.The Global South alliance, made up of theologically conservative primates from developing countries, said Sunday in a statement on their Web site that a proposed Anglican Covenant — a shared set of guidelines for membership in the Anglican church — should be adopted.

The statement comes in the wake of an announcement earlier this week by the Vatican, saying that Pope Benedict XVI had authorized an Apostolic Constitution. The constitution would allow Anglicans to move to the Catholic church, but keep their own liturgy and married priests.In a statement posted to their Web site, the group said they appreciated the pope's stance on the common biblical teaching on human sexuality but at the same time we believe that the proposed Anglican Covenant sets the necessary parameters.It gives Anglican churches worldwide a clear and principled way forward in pursuing God's divine purposes,the statement reads.

The Global South group is headed by Nigerian Archbishop Peter Akinola.

There are about 77 million Anglicans around the world. The church has been in turmoil since 2003, when the U.S. Episcopal Church consecrated New Hampshire Bishop V. Gene Robinson, the first openly gay bishop.It is uncertain how many Anglicans will seek to switch churches because of the pope's new policy. The Right Rev. John Broadhurst, the Bishop of Fulham, has said about 1,000 Church of England clergy will seek to join the Roman Catholic Church. Broadhurst chairs Forward in Faith, a group of traditionalists opposed to the ordination of women.On the Net:
http://www.globalsouthanglican.org/index.php/comments/pastoral(underscore)exhortation/

Vatican aims to reintegrate traditionalists By NICOLE WINFIELD, Associated Press Writer – Sun Oct 25, 11:00 am ET

VATICAN CITY – The Vatican begins talks Monday to bring a group of breakaway traditionalist Catholics back under its wing, nine months after the pope created an uproar by rehabilitating one of their bishops despite his denial of the Holocaust.A delegation from the Society of St. Pius X travels to the Vatican for a first round of meetings aimed at overcoming the deep theological differences that prompted the group to split from Rome following the modernizing reforms of the Second Vatican Council.

No breakthroughs are expected in what will likely be a lengthy negotiation.In the best case, humanly speaking, we have several years of discussions ahead of us,the society's delegation leader, Bishop Alfonso de Galarreta, said in a recent interview posted on the society's Web site.De Galarreta and three other bishops were excommunicated in 1988 after they were consecrated without papal consent by the late ultraconservative Archbishop Marcel Lefebvre. Lefebvre founded the society in 1969, opposed to Vatican II's reforms, which included outreach to Jews and other Christians and the celebration of Mass in the vernacular rather than Latin.The society's opposition to Vatican II, particularly its teachings on ecumenism and religious freedom, remains at the heart of the dispute with Rome and is the focus of the talks beginning Monday with officials from the Vatican's Congregation for the Doctrine of the Faith.Benedict has for two decades tried to bring the society back into the Vatican's fold, first as head of the doctrine office and later as pope — part of his aim of uniting the church and putting a highly conservative stamp on it. Just last week he took another step in that direction by making it easier for Anglican traditionalists to convert to Catholicism.In the case of the society, Benedict has risked relations with Jews and liberal Catholic alike to reintegrate Lefebvre's followers even after it emerged that one of the society's four bishops denied the full extent of the Holocaust.

Benedict laid the groundwork for Monday's meeting starting in 2007, when he relaxed restrictions on celebrating the old Latin Mass, which the traditionalists had demanded. In January, he answered another one of their demands by approving a decree lifting the bishops' 1988 excommunications.But on the same day the Vatican decree was signed, British Bishop Richard Williamson was shown on Swedish state television saying historical evidence is hugely against 6 million Jews having been deliberately gassed during World War II.The outcry was immediate, with both Jews and members of the Catholic hierarchy criticizing the pope's rehabilitation of a Holocaust-denier. While condemning Williamson's remarks, the Vatican was initially defensive of its decision to go through with his rehabilitation, only saying later that it hadn't known about his very public views about the Holocaust.In a bid to stem the outrage, Benedict took the extraordinary step of writing a letter to the world's bishops admitting mistakes but explaining his reasons for lifting the excommunications: to bring the society's 491 priests, 215 seminarians and thousands of faithful under his wing and avert a full-fledged schism.The Vatican has set out particular conditions for Williamson to be fully brought back in, saying he must absolutely and unequivocally distance himself from his Holocaust remarks if he ever wants to be a prelate in the church.Williamson has apologized for causing scandal to the pope but hasn't publicly repudiated his views. Removed as a seminary director in Argentina in the wake of the affair, Williamson now lives in relative obscurity in London.As for the other society members, the Vatican's conditions for reintegration are different: The Vatican has said they must fully recognize Vatican II as well as the teachings of all the popes who came after it if they want to be fully reintegrated into the Church.The society says it is upholding true Catholic tradition by rejecting elements of Vatican II's teachings, and says the Church's current problems, including a shortage of priests, are a direct result of the 1962-65 meetings.Pope Benedict XVI too has criticized Vatican II, but how it is interpreted, not its substance.On the Web: Information site of the Society of St. Pius X: http://www.dici.org Vatican: http://www.vatican.va

Pope celebrates Mass to cap Africa meeting By ALESSANDRA RIZZO, Associated Press Writer – Sun Oct 25, 10:25 am ET

VATICAN CITY – Pope Benedict XVI ended a three-week Vatican meeting on Africa Sunday with a call for peace and reconciliation among all people on the continent, regardless of ethnic and religious differences.The pope celebrated Mass in St. Peter's basilica to cap the meeting on the role of the Catholic Church in Africa.

Courage! Get up, African continent! Benedict said during the Mass, which he co-celebrated with some of the prelates who have attended the synod.The pope also said that globalization should be regulated in order to include all nations, not just developed ones.Globalization, he said, is not governed by forces that are independent of the human will and can be adjusted by men. He added that the Catholic Church is working to promote development for all countries.Benedict said that reconciliation is necessary to ensure a just peace in Africa, and called on all people to contribute regardless of ethnic, religious, language, cultural or social background. He praised the work of missionaries as one that is both respectful of the local cultures and essential to help Africa out of hunger and disease.The two-hour ceremony, which featured traditional music, chants and prayers from Africa, formally closed the synod. Among those who co-celebrated the Mass was Cardinal Peter Turkson of Ghana, who was appointed Saturday to head the Vatican's justice and peace office.The appointment was one of the most significant pieces of news to come out of the meeting, as it cements the cardinal's standing as a possible future papal candidate. Turkson told reporters three weeks ago there was no reason there couldn't be a black pope, particularly after Barack Obama was elected U.S. president.During the meeting, the 300 bishops and cardinals looked at pressing issues such as AIDS and political corruption on the continent.

In their final message, the bishops told corrupt Catholic political leaders in Africa to repent or quit public office and stop wreaking havoc on their countries. In their final recommendations, the synod also called for starting religious dialogue with followers of Islam and African traditional religions.Speaking to the faithful after the Mass, the pope praised the dynamism of the Christian communities, which keep growing in quantity and quality in Africa.While the Vatican has been concerned about the flagging faith of some Catholics in the affluent West, Church officials are heartened by the vibrancy of churches in parts of Africa and Asia.In March, Benedict visited Cameroon and Angola, both of which have large Catholic populations.

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/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/site/14081545/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS MON OCT 26,2009

09:30 AM +2.77
10:00 AM +92.96
10:30 AM +86.76
11:00 AM +78.75
11:30 AM +57.81
12:00 PM -86.91
12:30 PM -85.55
01:00 PM -71.42
01:30 PM -92.13
02:00 PM -81.40
02:30 PM -97.27
03:00 PM -88.80
03:30 PM -103.16
04:00 PM -104.22 9867.96

S&P 500 1066.94 -12.66

NASDAQ 2141.85 -12.62

GOLD 1,039.80 -16.60

OIL 78.68 -1.82

TSE 300 11,246.55 -135.58

CDNX 1305.95 -27.96

S&P/TSX/60 668.84 -7.83

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +13.63%
S&P +19.52%
Nasdaq +36.62%
TSX Advances 635,declines 915,unchanged 241,Volume 444,468,988.
TSX Venture Exchange Advances 500,Declines 443,Unchanged 374,Volume 270,505,503.

Dow +22 points at 4 minutes of trading today.
Dow -86 points at low today.
Dow +100 points at high today so far.
GOLD opens at $1,059.10.OIL opens at $81.50 today.

AFTERNOON,NEWS,STATS
Dow -123 points at low today so far.
Dow +100 points at high today so far.

DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 2,588,declines 934,unchanged 91,New Highs 151,New Lows 24.
Volume 1,665,942,467.
NASDAQ Advances 1,772,declines 746,unchanged 112,New highs 82,New Lows 16.
Volume 623,920,155.
TSX Advances 715,declines 443,unchanged 241,Volume 138,022,582.
TSX Venture Exchange Advances 288,Declines 343,Unchanged 274,Volume 98,818,425.

WRAPUP,NEWS,STATS
Dow -123 points at low today.
Dow +100 points at high today.
Dow -1.05% today Volume 269,977,734.
Nasdaq -0.59% today Volume 2,194,663,576.
S&P 500 -1.17% today Volume N/A

OCT 23RD JONES SHOW
http://rss.nfowars.net/20091023_Fri_Alex.mp3
OCT 22ND JONES GERALD CELENTE
http://rss.nfowars.net/20091022_Thu_Alex.mp3
FED TALK ON EXECUTIVE PAY
http://www.cnbc.com/id/15840232?video=1308318794&play=1
IS TO BIG TO FAIL FIXABLE
http://www.cnbc.com/id/15840232?video=1308313681&play=1
$110.00 OIL COMING OUR WAY
http://www.cnbc.com/id/15840232?video=1308291179&play=1
COMPTROLLER OF CURRENCY BANK FAILERS
http://www.cnbc.com/id/15840232?video=1308264844&play=1
BANK FAILURES HIT 100+
http://www.cnbc.com/id/15840232?video=1308210510&play=1

I BELIEVE THE IMF WILL BE THE BANK OF THE WORLD THAT ALL THE WORLD WILL PAY THE CARBON-CLIMATE CHANGE TAXES TO AND THERE WILL BE 10 CONTINANTAL REGIONAL BANKS.1 FOR EACH OF THE 10 WORLD TRADE BLOC REGIONS ALL UNDER THE EUROPEAN UNIONS WORLD CONTROL.

China Expert Urges FX Reserves Shift; Dollar Falls Published: Monday, 26 Oct 2009 | 5:06 AM ET Text Size By: Reuters

The dollar should remain the principal currency in China's $2.27 trillion stockpile of foreign exchange reserves, but the share of the euro and yen should increase, according to an opinion piece in Monday's Financial News, a paper published by the People's Bank of China.The dollar fell to a 14-month low as word of the report spread before recouping some of its losses after the author, Zhou Hai, told Reuters he was only expressing a personal opinion.It is purely my personal view,Zhou, a division chief with the financial research department of the central bank's branch in Harbin, capital of the northeastern province of Heilongjiang.Other researchers have expressed similar views to Zhou, whose piece appeared on the Theoretics Weekly page of the paper.The composition of China's currency reserves is a state secret, but bankers estimate that at least two-thirds of the holdings are invested in dollar-denominated securities.Senior Chinese officials have expressed concern about the weakness of the dollar but have also acknowledged that the U.S. currency will remain the linchpin of the global financial system for the foreseeable future.Any diversification from the dollar is proceeding very gradually, foreign exchange strategists say, not least because Beijing has continued to buy dollars to prevent the yuan from rising since the middle of 2008.Zhou also wrote in the Financial News that China should improve the yuan's exchange rate mechanism to reduce pressure on the central bank to buy inflows of foreign exchange.China should exclude the Hong Kong dollar from its official reserves because Chinese can easily obtain the currency, and it is pegged to the U.S. dollar, Zhou added.Before Monday's piece, Zhou's most recent article was in the August edition of China Finance, according to an Internet search.The article was titled, A few thoughts on supporting modern agricultural development through finance — the example of Heilongjiang.

World Currencies To Join In Race To The Bottom
Bob Chapman The International Forecaster October 26, 2009

The G-20 finance ministers meet in Scotland on November 6th and 7th, and they will all be bleating about the fall in the dollar. France started this week, and the others will follow. Their currencies are rising in value and they do not like it.Our government, Wall Street and many Americans are basing their future on stimulation and recovery and it isn’t going to happen. om Alex Jones. Instead he attempts to discredit what Jones says.We expect other nations to follow, Mexico and Brazil in imposing a 2% tax on incoming funds and others will print their currencies and buy dollars to reduce the value of their currencies and at the same time buy US Treasuries that are decreasing in value. That will neutralize any benefit from the exercise. In addition, they will all scream for a strong dollar policy. By the time the meeting begins the dollar should be between 71 and 72 on the USDX, the dollar index. The weaker dollar means dollar debt will be cheaper to pay back. The big question is how long will it take for the dollar to fall to 40 to 55? We are often asked how does today compare with the 1930s in tax revenue and government spending? In 1930-31 tax revenue fell almost 53%. It increased 250% in 1932 and tripled in 1938. Yet, growth during the 30s went nowhere. In spite of an increase of 45% in government spending during those years by 1940 GDP had not returned to the levels of 1930. In 1939 unemployment was still 17.2% and in 1940, 16.4%. This is the same monetary policy being used today that was used during the 1930s. Keynesian monetization that does not work. The only reason the depression did not continue is that FDR arranged another war, otherwise the depression could have continued indefinitely. The debt bubble of the 1920s only lasted seven years. Our present debt bubble actually began in 1978, was purged in 1982-83 and began again in 1986. It was killed in 1989 and resurrected in 1994. The bubble of 2000-2001 was replaced by our current real estate bubble in 2003, which is now in the process of deflating. The privately owned Federal Reserve engineered all this.

The current fiasco was accompanied by a shortfall in tax collections to government spending from 2003 to 2007. 2008 held its own due to cooking the books and 2009 fell almost 18%. Unless further tax increases are implemented you can expect 2009 to fall short as well. Thus, if taxes are not increased the American economy will collapse. This is harsh and tax increases will come at just the wrong time. It can in part by temporarily covered by hyperinflation, but that would be a transitory solution. 62.8% of foreign reserves are in US dollars, so as the dollar depreciates foreign debt decreases. The flip side is that there is major imported inflation, particularly in the cost of goods and services.Present government stimulation is not going to work. It didn’t work in the 1930s and Japan has found out to its dismay that since 1992 it didn’t work for them either. Why should it work in America? The debt that has been so wantonly created is still going to be there and if taxes are not raised or costs cut, it will be even larger.Our government, Wall Street and many Americans are basing their future on stimulation and recovery and it isn’t going to happen. This supposedly is how government is going to generate its tax revenue. All we can say is good luck.At the G-20 and G-7 we hear about an exit strategy. A strategy that doesn’t exist. Others may raise taxes but we can assure you the US and UK will be the last to do so. They are currencies in disparate trouble. The dollar will find its real value somewhere between 40 & 55 on the USDX. The dollar will become a third world currency and as a result gold will climb to $2,500 to $3,000.The G-20 let us know that they would be replacing the G-7 and G-8. This desperation of power to developing countries would expedite the transfer of wealth from Western nations in the third world via carbon taxation in order to lower standards to meet those of the lower tier countries. This is being done to force the first world to accept world government.

In his address to the conclave US Treasury Secretary Tim Geithner told attendees that the US was going to legislate sweeping changes to the financial system under the guise of creating greater protection for consumers and investors and to promote a more stable financial system that would relieve taxpayers of the burden of the financial crisis.The members still want to complete the Doha trade talks that have been bogged down for four years. What the WTO is really trying to accomplish is extreme financial deregulation under the cover of trade agreements, which would undermine genuine regulation and would make the entire world a free trade zone to be further looted by transnational conglomerates. The force behind WTO deregulation is the EU and they are pushing the worst aspects of the plan.The WTO has an agreement called the FSA, the Financial Services Agreement that explicitly applies to more than 100 countries and mandates major deregulation. Mr. Geithner worked on this plan during the Clinton administration, so his regulation statements are meant for public consumption only. Incidentally, the WTO-EU rules are virtually unknown to the US Congress.Geithner was the one who closed the deregulation deal for the Clinton entourage as lead negotiator. He knows all about the existing agreements. He was directly instrumental in the destruction of Glass-Steagall. The whole new crowd in the Obama administration was responsible for setting up what has become the destruction of our financial system.The present US course is to re-regulate and that is in direct opposition to what the WTO and the EU want. There will be quite a fight over this change of direction by the US, especially over the WTO, Understanding on Commitments in Financial Services, which is severe deregulation. The bottom line is Doha, the FSA, WTO and the EU have to be stopped. More deregulation is now politically unaccepted by Americans who have lost so many jobs. There obviously are two factions within the Illuminist structure fighting this out. In fact, the FSA was largely written by American Express and AIG. These are some of the inner workings behind the scenes that you never hear about. Things are never what they seem to be.

The Treasury will have major issuances next week. On Monday alone they will issue $116 billion in new notes and bills, 2, 5 & 7-year paper; plus another $30 billion in bills and $7 billion in TIFS. Tuesday will see $44 billion in 2-year notes. On the 28th, $41 billion in 5-year notes and on the 29th, $31 billion in 7-year notes. That totals $182 billion and that is disastrous.Domestic investors are selling the rally in domestic stocks at an accelerating rate while continuing to invest overseas, and in the emerging bond bubble.Don’t’ be deceived by Wall Street and Washington, the worst remains ahead for the economic and systemic-solvency crisis. There are no meaningful signs of business recovery, with the current depression likely to evolve into a great depression, in conjunction with the collapse of the value in the US dollar and a hyperinflation. Risks are high for these crisis’s to explode in the year ahead. The general outlook is not changed says economist John Williams.Mortgage application fell for a second straight week with refinance loans decreasing 13.7%, the lowest since 9/11/09.Barclays Capital hosted a private meeting yesterday with Goldman Sachs president Gary Cohn, CFO David Viniar and Global Sales and Treading co-heads David Heller and Harvey Schwartz.How concerned are they about any new regulations on the financial industry? Not much. In a copy of the notes Barclay is putting out on the meeting, and obtained by EconomicPolicyJournal.com, Goldman told Barclay that it is educating the regulators.Barclay advised that senior Goldman management are spending an, exorbitant amount of time thinking about potential regulatory and policy outcomes and educating regulators and policymakers on the intricacies of financial markets.The only picture I can conjure up is Blankfein and company educating, Gene Sperling (Counselor to Geithner) who last year took in $887,727 from GoldmanLee Sachs (Geithner’s right hand man) who reported more than $3 million in salary and partnership income from the hedge fund Mariner Investment Group (started by Brace Young former Goldman partner) and Gary Gensler (Head of CFTC) former Goldman partner.

EPA: Climate bill could cost family $100 annually By H. JOSEF HEBERT, Associated Press Writer – Sat Oct 24, 7:30 pm ET

WASHINGTON – A Senate plan to tackle global warming would add about $100 a year to the energy costs for a typical household, according to an analysis by the Environmental Protection Agency.The analysis released late Friday by the office of Sen. Barbara Boxer, who heads the Senate Environment and Public Works Committee, generally mirrors the cost projected by the EPA when it examined similar legislation that the House passed in the summer.The Democratic bill calls for cutting greenhouse gases from power plants and large industrial facilities by shifting energy use away from fossil fuels, especially coal. It would cap emissions and allow trading of pollution allowances to mitigate the cost.Boxer, D-Calif., has scheduled hearings this coming week on the bill. The committee will hear from Obama administration officials, including the EPA, on Tuesday.President Barack Obama, in a speech Friday in Boston, said he believes a consensus is emerging in Congress on the climate issue. But he also accused some opponents of making cynical claims that contradict the overwhelming scientific evidence that the earth is becoming warmer in an attempt to derail legislation.There are those who will suggest that moving toward clean energy will destroy our economy, when it's the system we currently have that endangers our prosperity and prevents us from creating millions of new jobs,Obama told his audience at the Massachusetts Institute of Technology.Boxer said the bill provides a clean energy future, creating millions of jobs and protecting our children from dangerous pollution.Critics of the bill have called it a massive energy tax. They also say the EPA uses overly optimistic assumptions disguising the likely increase in energy costs to consumers.

Oklahoma Sen. James Inhofe, the committee's top Republican, said the EPA analysis was unacceptable and he wanted a more complete economic assessment of the bill before moving ahead. He said committee Republicans may force a delay; Boxer wants a committee vote in early November.One would think that, prior to legislative hearings, the committee would have a thorough, comprehensive economic analysis to understand how an 800-plus page bill, designed to fundamentally reshape the American economy, affects consumers, small businesses, farmers, and American families,Inhofe said in a statement.The EPA analysis released by Boxer said while there are differences between the Senate and House bills, they are so small that the economic costs would be similar in the case of either bill. As a result, the EPA produced in detail the same numbers for household costs it issued earlier this year when examining the House legislation — and no revised numbers specifically for the Senate legislation.It said the cost would add between $80 to $111 a year to households energy bills as a result of higher prices, although energy consumption was expected to decline slightly as a result of increased efficiency measures.There have been widely conflicting price tags estimated for the climate bills. The Congressional Budget Office has estimated the household cost of the House-passed bill at about $175a year in 2020. It has not examined the Senate bill. But some industry-cited studies have put the cost much higher, some claiming possible added costs of as much as $3,000.Boxer also released a summary of changes to the bill that introduced by Sen. John Kerry, D-Mass., last month.The revised bill describes how pollution allowances for curbing greenhouse gases would be distributed. It is similar to the distribution in the House bill with 35 percent going to large electricity distribution companies, with an understanding that the benefits would be passed onto consumers to ease the impact of electricity prices.Free allowances also would go to smaller electricity distribution companies, natural gas distributors, providers of home heating oil and to offset costs for low and moderate-income households. A slightly larger portion of the allowances would be auctioned off by the government than would be under the House bill.On the Net: EPA analysis: http://tinyurl.com/ylruozv Sen. Boxer's release: http://tinyurl.com/npwe5u

UK recovery lags behind the continent
ANDREW WILLIS Today OCT 26,09 @ 09:17 CET

A string of new economic data suggests the UK's recovery is being left behind the EU's large continental countries.Data produced by the UK's Office for National Statistics showed the economy unexpectedly contracted by 0.4 percent of gross domestic product between July and September of this year. Analysts had been predicting that GDP - a measure of all the goods and services produced by a country –would rise by 0.2 percent.The provisional data compare poorly with that from continental powerhouses France and Germany, both of which recorded positive growth as far back as the second quarter of 2009.There are many millions of people who will be deeply concerned to see that Britain is still in recession six months after France and Germany came out of recession,said the UK's Conservative party shadow finance minister, George Osborne.It destroys the myth that Britain was better prepared [for the crisis], he said.Other figures produced by the EU's statistics office - also out on Friday (23 October) – seemed to confirm this trend.The EU saw industrial new orders for the 27-member bloc rise by 1.2 percent in August compared to the previous month, but with considerable variation among member states.The highest increases were registered in Slovakia (up 11.8 percent), the Czech Republic (up 3.2 percent) and France (up 3.0 percent).The largest declines were seen in Ireland (down 14.6 percent), Poland (down 10.6 percent) and Italy (down 6.4 percent), with the UK also slightly in the negative (down 0.3 percent).

Further national figures released in Germany and France also pointed to recovery.

Household consumption in France was up 2.3 percent in September from August, with the country's economy minister, Christine Lagarde, describing the situation as encouraging.However, Spain had to contend with news that the country's unemployment rate is not coming down.Data from the country's statistics agency said unemployment for the third quarter of 2009 remained on 17.9 percent, the highest level among EU member states.Over four million people are currently unemployed in Spain, a country which suffered badly when activity in its booming construction sector came to an abrupt halt in the wake of the global financial crisis.

European parliament abandons internet cut-off struggle
LEIGH PHILLIPS Today OCT 26,09 @ 09:31 CET

EUOBSERVER / BRUSSELS - As France finally passes its harsh anti-piracy law and Britain readies its own bill to tackle illegal file-sharing, the European Parliament in a major U-turn has dropped its opposition to cutting internet access to scofflaw downloaders.Representatives of the house have rowed back from insisting on the maintenance of an amendment to a package of telecoms laws that would have ruled out such manoeuvres.On Thursday (22 October), representatives of the parliament and the member states announced that at the beginning of November, they will hold formal talks along with the European Commission to resolve differences between the sides over the telecoms package.Parliament's delegation has agreed a compromise proposal that will serve as a basis for negotiations and towards which the Council and the commission will be able to converge, said French Socialist MEP and one of the main negotiators Catherine Trautmann.The MEPs insisted that they remained champions of citizens' fundamental rights: We will do all we can to achieve a good solution, but Council has to understand that parliament will defend without hesitation the freedom of the citizens it represents,said Spanish conservative Alejo Vidal-Quadras. However, the compromise text, which would be the basis of discussions, no longer requires that only judicial authorities be allowed to cut off internet access.

Ahead of European elections in which the issue of internet freedoms suddenly pushed its way to the centre of public debate, the chamber seemed ready to mount the barricades in its battle to stop EU member states from attempting to introduce legislation which a majority of deputies considered a breach of human rights.MEPs with strong majorities twice inserted an amendment to the telecoms package that would have forbidden member states from restricting internet access without judicial authorisation and only in exceptional circumstances.On 6 October, telecoms ministers formally rejected the parliament's key amendment - the now infamous Amendment 138.

On almost all other issues, the two sides are in agreement.

France-based internet freedom pressure group La Quadrature du Net calls the compromise text useless legalese that essentially only restates existing rights protections and does nothing to explicitly rule out internet blocking.Amendment 138 will instead be replaced by a weak provision that does not carry any new important safeguard for citizen's freedoms,said spokesman for the group, Jeremie Zimmerman.
This decision was taken consciously by rapporteur Catherine Trautmann, in order not to risk a confrontation with the Council [representing the member states] and to quickly finish with the telecoms package.The move comes as France's anti-piracy legislation, under which internet access can be cut off, fines imposed and in some cases prison sentences handed down, was finally given the green light by the country's constitutional court.Britain likewise is expected to table similar legislation in the coming weeks.Mr Zimmerman said pressure from France and other member states has been fierce.Ministers of member states, who want to be able to regulate the net without interference from the judiciary, were rushing to kill amendment 138 and put an end to the negotiations.The parliament, Council and commission delegates will meet behind closed doors on 4 November. They then have six to eight weeks to reach an overall agreement. The two sides - sitting as the full Council and parliament - then have a further six to eight weeks to approve the final agreement without amendment.

Bank failures hit 106 for year; many more are weak By DANIEL WAGNER, AP Business Writer – Sat Oct 24, 7:24 am ET

WASHINGTON – It's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday — hitting 106 by the end of the day — the most in nearly two decades. But the trouble in the banking system from bad loans and the recession goes even deeper.Dozens, perhaps hundreds, of other banks remain open even though they are as weak as many that have been shuttered. Regulators are seizing banks slowly and selectively — partly to avoid inciting panic and partly because buyers for bad banks are hard to find.Going slow buys time. An economic recovery could save some banks that would otherwise go under. But if the recovery is slow and smaller banks' finances get even worse, it could wind up costing even more.This year's 106 bank failures are the most in any year since 181 collapsed in 1992 at the end of the savings-and-loan crisis. On Friday, regulators took over three small Florida banks — Partners Bank and Hillcrest Bank Florida, both of Naples, and Flagship National Bank in Bradenton — along with four elsewhere: American United Bank of Lawrenceville, Ga., Bank of Elmwood in Racine, Wis., Riverview Community Bank in Otsego, Minn., and First Dupage Bank in Westmont, Ill.When a bank fails, the Federal Deposit Insurance Corp. swoops in, usually on a Friday afternoon. It tries to sell off the bank's assets to buyers and cover its liabilities, primarily customer deposits. It taps the insurance fund to cover the rest.Bank failures have cost the FDIC's fund that insures deposits an estimated $25 billion this year and are expected to cost $100 billion through 2013. To replenish the fund, the agency wants banks to pay in advance $45 billion in premiums that would have been due over the next three years.

The FDIC won't say how deep a hole its deposit insurance fund is in. It can tap a credit line from the Treasury of up to a half-trillion dollars to cover the gap.The list of banks in trouble is getting longer. At the end of June, the FDIC had flagged 416 as being at risk of failure, up from 305 at the end of March and 252 at the beginning of the year.Yet the pace of actual bank failures appears to be slowing. The FDIC seized 24 banks in July, 11 in September and 11 in October.If any bank poses an immediate danger to customers or the broader financial system, regulators close it immediately, bank supervisors said. The issue is murkier for troubled banks that might qualify to close but whose closings might still be postponed or even prevented.The FDIC's first priority, spokesman Andrew Gray said, is to maintain public confidence in the banking system. As evidenced by the stability of insured deposits throughout last year, this mission has been a success,he said.He said public confidence isn't reason enough to delay a bank closing, because legally the decision to close rests with whoever chartered the bank — a state or federal agency.

But more than a dozen experts, including current and former regulators, bankers and lawyers, say the FDIC's mission to maintain public confidence in the banking system contributes to the go-slow approach.The FDIC was set up to create confidence and prevent bank runs,says Mark Williams, a former bank examiner for the Federal Reserve. Being too aggressive about bank closings can be counter to the mission.
Sarah Bloom Raskin, Maryland's top banking regulator, said: Technically it's the states who decide, but in reality it's the FDIC calling you to say when the bank will be closed.Last fall, the financial turmoil was rooted in bad bets that the nation's biggest banks, like Citigroup Inc. and Bank of America Corp., had made on complicated, high-risk mortgage investments.Smaller banks have been undone by something more conventional — real estate, construction and industrial loans that have soured as the recession has deepened. Defaults are up as developers abandon failing projects and landlords can't meet their loan payments.Small- and mid-sized banks hold lots of those loans and have been hurt more than big ones by the sinking commercial real estate market, especially in states like California, Georgia and Illinois. As defaults rise, these banks must set aside more money to cover losses.

For the banks, this means mounting losses and shrinking reserves.

In a healthy economy, Williams said, the Fed and the FDIC would be inclined to close such weak banks. But these days, those agencies and other regulators prefer to hold off, hoping an economic recovery will eventually restore the health of some of the banks.But the recovery is expected to be slow. Americans remain hesitant to spend money because of job losses, flat wages, tight credit and high debt. Their cutbacks have triggered tens of thousands of business failures.Abandoned retail space in downtowns and suburban malls means no rental income for property owners. As landlords default on real estate loans, they weaken the banks that hold the loans.

The situation now is especially grave in Southern California, Georgia and Illinois, which have some of the highest home foreclosure rates. Twenty banks have closed in Georgia alone.Individual bank depositors aren't at risk when a bank fails. Their money is guaranteed up to $250,000 by the government. Ever conscious of maintaining public confidence, agency officials hammer this point in public statements. When weak banks are allowed to stay open, their growing losses potentially can drain the FDIC's deposit insurance fund faster, says Bert Ely, an independent banking consultant.Federal agencies aren't the only ones with an interest in slowing the pace of bank closings. State regulators with closer ties to local communities want to avoid the ripple effects when a town loses its main source of consumer and business credit, Williams said.

But finding buyers for wobbly banks has been tough.

FDIC Chairman Sheila Bair acknowledged as much in testimony this month before a Senate panel. The FDIC has been offering to share buyers' losses on the assets being transferred, she said.In the past several months investor interest has been low, she said in prepared testimony.In an effort to find more potential buyers, the FDIC has relaxed the rules for private-equity firms to buy banks. In the past, regulators had feared such a move would allow investors to protect themselves from the cost of bank failures, escaping serious consequences while drawing down the FDIC's fund.An early success of the new strategy was a deal announced this month to sell assets from Corus Bank of Chicago to a group of private investors. But there still aren't enough buyers to absorb quickly all the assets held by at-risk banks.That's because there are so many weak and failing banks on the market — and so few others strong enough to buy them. That's one reason it's hard to know how many more banks could be closed in coming months, said Daniel Alpert, Managing Partner of the New York investment bank Westwood Capital LLC.How many banks will survive? Alpert asked.Loans are still deteriorating, but there are glimmers of hope in the economy. Ultimately, it's all about employment.AP Business Writers Marcy Gordon in Washington and Sara Lepro in New York contributed to this report.

Gas prices up 17.8 cents nationwide Sun Oct 25, 3:25 pm ET

CAMARILLO, Calif. – The average price of regular gasoline in the United States has jumped 17.8 cents over a two-week period to $2.66. It's the first rise in the national retail price of gas since late July.That's according to the national Lundberg Survey of fuel prices released Sunday.Analyst Trilby Lundberg says the average price for a gallon of mid-grade was $2.78. Premium was at $2.90.Tucson, Ariz., had the lowest price among cities surveyed at $2.24 a gallon for regular. Anchorage was the highest at $3.25.

Nuclear energy becomes pivotal in climate debate By H. JOSEF HEBERT, Associated Press Writer – Sun Oct 25, 10:36 am ET

WASHINGTON – Nuclear energy, once vilified by environmentalists and facing a dim future, has become a pivotal bargaining chip as Senate Democrats hunt for Republican votes to pass climate legislation.The industry's long-standing campaign to rebrand itself as green is gaining footing as part of the effort to curtail greenhouse gases.

Nuclear power still faces daunting challenges, including the fate of highly radioactive reactor waste. Reactors remain a tempting target for terrorists, requiring ever vigilant security measures.But 104 power reactors in 31 states provide one-fifth of the nation's electricity. They also are producing 70 percent of essentially carbon-free power and are devoid of greenhouse gas emissions.It's something the nuclear industry has hammered away at in advertising and in lobbying on Capitol Hill for nearly a decade. Only recently, however, has the message begun to resonate among both industry supporters and skeptics.If you want to address climate change and produce electricity, nuclear has got to be a significant part of the equation,Marvin Fertel, president of Nuclear Energy Institute, the industry trade group, said in an interview.Not unexpected from a top industry lobbyist. But the same is heard from Republicans and Democrats in Congress, from a growing number of environmentalists and from the White House, where nuclear power otherwise has received tepid support.The Senate this week will kick off three committee hearings on legislation to cap greenhouse gases from m power plants and large industrial facilities. The goal is to cut them about 80 percent by 2050.The House has already passed a bill. Its chances in the Senate could hinge in part on whether demands by a few GOP senators, including Lindsey Graham of South Carolina and John McCain of Arizona, that the legislation provide help to build new reactors.

Nuclear power is pivotal to both a low carbon economy and to generate a bipartisan coalition to pass a carbon cap,says Jason Grumet, executive director of the National Commission on Energy Policy, a bipartisan group of experts created in seven years ago to advise government officials on energy matters.He says all economic models on climate legislation assume significant increases in nuclear power — an expansion binge unseen since the 1970s, before the Three Mile Island nuclear accident brought new reactor orders to a halt.A study by the industry-supported Electric Power Research Institute says 45 new reactors are needed by 2030. The Energy Information Administration puts the number at 70. An analysis by the Environmental Protection Agency assumes 180 new reactors by 2050 for an 80 percent decline in greenhouse gas emissions.The Nuclear Regulatory Commission has applications for 30 new reactors. Only a few probably would be built over the next decade, the earliest in 2016 — and then only with the government guaranteeing the private financing.Democratic sponsors of the climate bill are far short of the 60 votes needed to overcome a GOP filibuster. They hope a compromises could bring along uncommitted centrist Democrats and some Republicans. Along with talk of opening more waters to oil drilling, support for nuclear energy is seen as the carrot that might attract Republicans.The prospects of such a compromise appeared to brighten recently when Sens. John Kerry, D-Mass., the climate bill's principle sponsor, and Graham collaborated on a new bid to build consensus.Nuclear power needs to be a core component of electricity generation if we are to meet our emission reduction targets,they wrote. They called for ending cumbersome regulations that have stalled new reactors, measures to help utilities secure financing and expanded research to resolve the waste problem.

They outlined a framework that other Republicans might follow. GOP senators such as McCain, Lisa Murkowski of Alaska, Lamar Alexander of Tennessee and independent Sen. Joe Lieberman of Conn., have shown an interest in climate legislation — if nuclear energy plays a greater part.To many environmentalists, it remains a choice of dealing with one overriding environmental problem, while accepting another, to some degree.You can't dismiss nuclear power's potential as a climate solution,says Susan Vancko of the Union of Concerned Scientists. Yet, she says, with reactors costing upward to $10 billion apiece, this is one of the most expensive options out there to cut greenhouse gases.Vancko cautions against providing almost unlimited loan guarantees for reactors that could go bust.A group of 14 environmental and anti-nuclear groups expressed concern in a recent letter to senators that easing licensing requirements and rushing to build new plants would fatally undermine public confidence in the safety of U.S. reactors.Atop the nuclear industry's wish list — 26 items covering two single-line typewritten pages — is an expansion of loan guarantees for new reactors. But it also mentions eliminating some speed bumps in the road to reactor licensing, new efforts to deal with reactor waste and an array of other items.

Some are in the Senate bill; others are likely to be added.The goals of those calling for aggressive action on climate change have become intertwined with those pushing for more nuclear energy.I don't think it gets you there alone,industry official Fertel says about nuclear's role in combating global warming.But you can't get there without it.On the Net: NRC: http://www.nrc.gov Nuclear Energy Institute: http://www.nei.org Energy Information Administration: http://www.eia.doe.gov/
EPA: http://www.epa.gov National Commission on Energy Policy: http://tinyurl.com/yzvh62d Union of Concerned Scientists: http://tinyurl.com/nn6jlp.

Capmark Financial files for bankruptcy protection By BETSY VERECKEY, AP Business Writer – OCT 25,09

CHICAGO – Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt.Capmark has been hurt by rising losses on mortgage loans, and has had to foreclose on properties such as the Equitable Building in Atlanta because borrowers were not able to make loan payments. In its Chapter 11 filing Sunday in Delaware bankruptcy court, the company listed total debt of $21 billion and assets of $20.1 billion. It seeks to reorganize under court protection, reducing its debt while continuing to operate its businesses.Many U.S. banks and real estate investment trusts have been hurt by increasing losses on commercial real estate loans. With millions of jobs lost and office space remaining empty during the recession, developers have been forced to default on loans. Analysts predict that commercial real estate defaults will rise rapidly.We view this reorganization process as an unfortunate but necessary response to recent unprecedented conditions in financial and commercial real estate markets, which presented a significant challenge for Capmark and similarly situated finance companies,said Capmark President and CEO Jay Levine, in a statement. By constraining the availability of capital, these difficult market conditions had a negative effect on all our core businesses.Last month, Horsham, Pa.-based Capmark posted a $1.6 billion quarterly loss, as it set aside $345.8 million to cover loan losses during the quarter ended June 30. The company had been in talks with lenders and bondholders to restructure its debt so that it could stay in business.Capmark in September agreed to an option to sell its North American servicing and mortgage businesses to Berkadia III LLC — a joint venture of Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp.Now that Capmark has been forced to file for bankruptcy protection, it will receive $415 million in cash and a $75 million note in the deal, minus any losses on a portfolio of mortgages. Had the transaction been completed outside of bankruptcy court, Capmark would have received $375 million in cash at the closing. Berkadia would have held $40 million to cover indemnity claims and pay the $75 million note.Capmark was created in 2006 after a private equity group led by KKR & Co., Goldman Sachs Capital Partners and Five Mile Capital Partners bought the commercial real estate business of lender GMAC LLC for $1.5 billion in cash. According to the bankruptcy filing, the group owns 75.4 percent of the company. GMAC owns 21.3 percent, with most of the remaining shares owned by employees and directors.Messages left for KKR, Goldman Sachs and Five Mile were not immediately returned on Sunday.

In a statement, Capmark said its Capmark Bank subsidiary is not part of the Chapter 11 filing. The bank, which recently received $600 million in new equity from Capmark Financial, will continue to serve its customers.As of Friday, Capmark and its units involved in the filing had more than $500 million of cash and cash equivalents available to fund operations. Capmark said it believes it has enough liquidity at this time to allow it to pay vendors for goods and services and to pay salaries and continue benefits to its employees, and has filed motions with the court to allow it to do so.The Chapter 11 process will give Capmark the opportunity to restructure our balance sheet while continuing to focus on maximizing value for our principal stakeholders,said Mohsin Meghji, the company's chief restructuring officer, in a statement.Capmark's financial advisers are Lazard Freres & Co. LLC and Loughlin Meghji + Co. The company has retained New York-based firm Dewey & LeBoeuf LLP as bankruptcy counsel.Capmark's filing marks the latest in a string of commercial real estate-linked bankruptcies. General Growth, the second largest shopping mall owner in the U.S., in April filed for bankruptcy protection in the largest U.S. real estate bankruptcy case in history with $27 billion in debt. Extended Stay Hotels LLC in June also filed for bankruptcy protection, citing massive debt stemming from its 2007 acquisition by the Lightstone Group at the peak of the hotel market and a sharp drop in business travel due to the recession.Delinquencies on commercial real estate loans also remain a hot spot of potential trouble for many regional banks.

Get ready, America: Great Depression 2.0-Author who predicted current crisis shows why it's only the beginning October 25, 2009 8:30 pm Eastern 2009 WorldNetDaily

Crowd outside N.Y. Stock Exchange in October 1929-Drawing striking comparisons between the Japanese economy in 1988 and the American economy today, a new book by an author who predicted the current crisis warns it's going to get much worse before it gets better.Vox Day, a WND columnist, asserts in The Return of the Great Depression,by WND Books, the U.S. is only now entering the early stages of the Second Great Depression.Day presents a fact-rich case, rooted in economic history and time-tested theory, in which he concludes that an economic contraction of very large proportions is presently developing.But he contends that due to a reactive wave of positive social mood, statistical obfuscation, and understandable denial, it will take about a year for the consensus opinion to cycle through the various scenarios in descending order of optimism before the grim reality finally becomes apparent to even the casual observer.Though the message is stark, Day believes the book is a much-needed antidote to the self-interested optimism of the financial media.Get The Return of the Great Depression,autographed, at WND's Superstore
Published on the 80th anniversary of the 1929 stock market crash, the book offers a detailed analysis of recent economic and monetary policies to show why pundits on both the left and the right didn't foresee the current calamity.Day's credibility is bolstered by his prediction seven years ago of the collapse of the housing market and the destruction of the financial services industry, in addition to some remarkably precise market forcasts.

In a Sept.23, 2002, WND column, he wrote:

There can be little doubt that the implosion of the equity markets will soon be followed by the pricking of the credit and real estate bubbles. As great financial houses such as Citigroup and JP Morgan Chase teeter on the edge of bankruptcy, it is well within the realm of possibility that the triple whammy of the equity, credit and real estate implosions will lead to the collapse of the entire global financial system.Day told WND he wrote the book in order to give people a means of understanding what created the present economic situation and why there is a severe dislocation between what they are experiencing in the daily lives and what the government and the financial media are telling them.I think it is important for future generations to know what the assumptions, the theories and the policies were that led to this ongoing debacle, so that they have a better chance of not repeating the same mistakes of their fathers and great-grandfathers,he said.Day said the ideal reader of his book is anyone who scratches his head wondering how the Dow Jones Industrial Average could rise 50 percent in six months despite a rapid increase in unemployment, massive loan defaults and declining global production.I think anyone who is shocked at the way the politicians of both parties have continued to put the interests of Wall Street ahead of the interests of American homeowners, workers and small businesses is going to get a lot out of it,he told WND.I don't know if those who were burned by the tech and real estate bubbles will necessarily enjoy reading the book and learning how the odds were always stacked against them, but it should help them avoid buying into the next investment charade.

Day writes in The Return of the Great Depression that for anyone equipped with the correct theoretical models of economics, the financial crisis was entirely predictable.He points to the bipartisan push for increased homeownership through low interest rates and relaxed lending standards,which destroyed wealth rather than creating it.But what is less well known,he writes,is that long before the subprime lending market erupted in 2004, it was already apparent to a few clear-eyed and contrarian economists that the housing market was possessed of the same irrational exuberance that had propelled the 1999 technology stock bubble to such gravity-defying extremes.He cautions: Many of the same individuals who did not see the crisis coming are now loudly assuring the public that the worst is already past, whereas those who correctly anticipated it tend to be somewhat less optimistic about the future.

The river is rising

In his detailed analysis, Day explains the U.S. economy has relied on a constant increase of the level of debt to fund its economic growth.He points out the average annual expansion of commercial bank credit since 1973 is 8.4 percent, which has sustained an average of 3 percent yearly GDP growth.But total loans and leases at commercial banks have fallen 6.8 percent this year and 8.3 percent since their peak in October 2008.This is an unprecedented decline,he warns,as the largest previous annual contraction was -1.0 percent in 1975. This strongly indicates the onset of the debt deleveraging process predicted by those who foresee a depression-sized event.The amount of failed bank deposits as a percentage of total bank deposits is more than twice as high as the rate during the first two years of the Great Depression, he points out, and the FDIC has announced its insurance fund is already in the red and does not anticipate returning to solvency until 2012 at the earliest.

Meanwhile, executives at large multinational industrial companies are privately reporting their future order books look worse for the first quarter of 2010 than they did for the first quarter of this year when the effects of the current crisis were being realized.Day told WND he believes there is no way of avoiding an economic contraction of massive proportions because there is no way of escaping the debt bomb that does not involve very serious economic costs.The level of debt in an economy is somewhat like a river rising towards its banks,he explained.It doesn't take a rocket scientist to realize that once the water reaches a certain level, it's going to spill over the sides and flood everything.Unfortunately for the American people,he continued,the Congress and the Federal Reserve have been trying to prevent the river from rising by pouring more water into it. It's simply not going to work.

Friedman's Keynesian dream-Day takes aim not only at the economic principles of John Maynard Keynes that are so influential today – based on the belief that the private sector needs the intervention of the central bank and government to maintain stability – but also at vaunted free-market champion Milton Friedman.

John Maynard Keynes-Day argues that while Friedman parted from Keynes on fiscal policy, he reached the conclusion that monetary policy could be even more effective than Keynes had ever imagined.Friedman's solution for reducing the prospect for active intervention as well as the margin of human error was to propose the establishment of monetary rules instead of monetary authorities,Day explains. Friedman's dream,he writes,remained essentially a Keynesian one of defeating the business cycle and utilizing technical measures to provide a means of permanent economic growth.Day concludes that any economic actor in the industrialized nations today needs to understand and accept that there is no easy, magical solution to a situation that has taken decades to come to fruition.Regardless of whether one traces the roots of the problem back to the 1971 creation of the full faith and credit debt-dollar, the 1933 abandonment of the gold standard, or the 1913 establishment of the Federal Reserve, this is not a crisis that developed overnight and it will not sort itself out quickly either,he writes.Noting the Great Depression brought about massive changes in American society that echo today, he believes that 80 years later,the return of the Great Depression will surely inspire changes of similar magnitude.But we must dare to hope that this time,he concludes,Americans and the people of other nations around the world will discover that the solution will not be found in more government control over society, but through an increase in human liberty and freedom for the individual economic actor.