Benchmark U.S. gold futures rose to an all-time high at US $1,043.00 an ounce on the back of a weak dollar on Tuesday, surpassing the previous record for the active contract at US$1,033.90 set in March.Picture Financial Post.
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
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).
IRISH REFERENDUM NULL AND VOID (THIS WRITERS VIEW ONLY)IT IS RATIFIED,LISBON IS COMPLETE.THE LISBON TREATY PASSED.EU GETS WORLD DOMINANCE.
http://www.prisonplanet.com/irish-referendum-outcome-is-null-and-void.html
http://www.youtube.com/watch?v=t764ACqXK3M&feature=player_embedded
British Conservatives consider renegotiation of key EU policies The British Conservatives have difficulty defining their position on the EU (Photo: EUobserver.com)HONOR MAHONY Today OCT 6,09 @ 09:21 CET
EUOBSERVER / BRUSSELS - The British Conservatives' notoriously tortuous relationship with the European Union came to the fore once again on Monday as the party appeared to back away from the idea of holding a referendum on the EU's planned treaty to trying to renegotiate specific policy areas.We think that the social and employment legislation, we think that's an area that ought to be determined nationally rather than at the European level. There are many things in the Lisbon Treaty - giving more power over home affairs and justice - that we don't think is right,Conservative leader David Cameron told the BBC.We think Lisbon, the problem with it, is that it's taking powers away from the nation states, centralising them in Europe. We don't think that's the right approach.The Conservatives, holding a four-day long party conference in the northern city of Manchester, are trying to find their way to a policy on Europe that will satisfy hardline opponents of the EU but not completely alienate other member states in the 27 nation Union.The issue has come to a head due to Ireland's approval of the Lisbon Treaty on Friday (2 October) making it more likely that the new rules will come into place at the beginning of next year.The vote served to underline the vagueness of Mr Cameron's policy on the issue. To date, he has said he will hold a referendum on the treaty if it is not in place when, as expected, the Conservatives are voted into power in Britain's election next year.
But he has not been clear what he will do if it is already in force in the EU.Some party hardliners have been suggesting a referendum should be held in any case, but some others have shifted to saying that London should negotiate to try to win certain powers back - an idea that is being increasingly discussed.
Unanimity needed
However, even re-negotiation of EU policies would be fraught with difficulty. Mr Cameron would require the agreement of 14 member states to open an intergovernmental conference and any changes would have to be agreed by all 27 states unanimously.I think if the Conservatives really were to try and negotiate in these areas [employment and social policy], then relations between Britain and the EU would deteriorate very rapidly,Simon Tilford, from the Centre for European Reform thinktank, told this website.It's hard to see what the Conservative government pursuing that line could possibly achieve. It would leave the country pretty isolated and pretty impotent because there is no reason why concessions would be made to the UK on those areas. There are already wide-ranging opt-outs as it is, which cause considerable resentment elsewhere in the EU,he added.But, according to Mr Tilford, in order to keep the most eurosceptic of the rank and file happy, Mr Cameron is inevitably going to have to hold some sort of referendum on the EU noting that he is in charge of a party that is now far more eurosceptic than most people outside the UK are aware.The feverish Conservative debate on its relations with the EU is being watched with keen interest by the business community in the country.A strong factor for any centre-right party, businesses have started to show increasing concern that the Conservative's EU policies could isolate Britain when they should be at the heart of European discussions in areas such as financial services.The Conservatives do run risk that the business community now gets off the fence,says Mr Tilford.The Europe issue, which Mr Cameron had attempted not to have dominate the party conference, will continue to be a hot topic on Tuesday with two controversial right-wing MEPs, from Poland and Latvia, due to speak at fringe meetings of the party congress.The euro deputies - Michal Kaminski from Poland's Law and Justice Party and Roberts Zile from Latvia's hard-right Fatherland and Freedom Party - are the Tories' political colleagues in a new anti-federalist group in the European Parliament.The Conservatives have faced strong criticism in parts of the British press who have questioned whether either the strongly Catholic, socially conservative Polish party or the nationalist Latvian party make suitable political bedfellows.
NWO KILLER VACCINES
http://israndjer.blogspot.com/2009/08/nwo-death-control-swine-flu-vaccines.html
http://www.youtube.com/watch?v=GBeKB7aKzOs
http://www.youtube.com/watch?v=n2gteHfCa_k&feature=related
http://www.youtube.com/watch?v=WwFNMtx2-8g&feature=related
http://www.youtube.com/watch?v=b_OcxtakWEc&feature=related
http://www.youtube.com/watch?v=zxROe3ESwes&feature=related
MILITARY TO WORK WITH FEMA WHEN PANDEMIC HITS
http://www.youtube.com/watch?v=QtGofsHaj3M&feature=player_embedded
SAY NO TO THE VACCINES
http://www.youtube.com/watch?v=EGyCeCiG9Kk&feature=related
http://www.youtube.com/watch?v=vqMK_yu8APg&feature=related
http://www.youtube.com/watch?v=ASibLqwVbsk&feature=related
LAB MADE FLU
http://www.youtube.com/watch?v=zYrlFMFoaDE&eurl=http%3A%2F%2Fbritanniaradio%2Eblogspot%2Ecom%2F&feature=player_embedded
http://www.youtube.com/watch?v=gj0gs1C83Ec&feature=channel
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.
VACCINE DANGERS
http://www.youtube.com/watch?v=oOi5o61toRs&feature=player_embedded
http://www.youtube.com/watch?v=Rp4XdY1-GHI&feature=player_embedded
FALL OF THE REPUBLIC TRAILER
http://www.prisonplanet.com/fall-of-the-republic-watch-the-brand-new-trailer-at-prison-planet-tv.html
THIS VACCINE NASAL SPRAY HAS LIVE VIRUS GERMS THAT STAY IN THE NOSE FOR 28 DAYS,SO WHENEVER THE PERSON SNEEZES,THAT PERSON GIVES THE H1N1 IN THE NASAL SPRAY TO OTHER PEOPLE.THIS WILL INFECT MILLIONS OF PEOPLE IF MILLONS GET THE NASAL H1N1 SPRAY.THIS IS NOTHING BUT A WAY FOR THE NEW WORLD ORDER EUGENICISTS TO KILL 2/3RDS OF US OFF.AFTER THIS NASAL SPRAY IS GIVIN TO PEOPLE WATCH THE NEWS FOR A BIGTIME OUTBREAK OF H1N1.....DON'T TAKE NASAL SPRAY OR THE VACCINES.
Doctors Concerned FluMist Vaccine Could Spread Live H1N1 Virus - With 60 per cent of the U.S. population at risk, is swine flu nasal spray a pandemic waiting to happen? Paul Joseph Watson Prison Planet.com Tuesday, October 6, 2009
Doctors and hospitals are expressing concern that the FluMist vaccine could endanger people because it contains live H1N1 virus, unlike the injectable shot that contains antibodies. With no less than 60 per cent of the U.S. population immunodeficient in one way or another, could FluMist be a pandemic waiting to happen? Hospitals in Colorado and elsewhere are shunning the FluMist H1N1 vaccine, a nasal spray that contains live swine flu virus, because of fears it could infect people with weakened immune systems and underlying health conditions.Several metro area hospitals said they won’t be taking the FluMist because they don’t want to endanger patients, reports TheDenverChannel.com.Lois VanFleet, infection prevention specialist at Exempla Good Samaritan Medical Center in Lafayette, expressed concern that doctors and nurses who inhaled the live virus could infect patients whose immune systems are compromised.However, H1N1 FluMist is being rolled out nationwide from this week, including at drive-through clinics across the country where the nasal spray is administered while people sit in their cars with their window wide open (see top picture).The live virus contained in the nasal spray is weakened but it can be transmitted from person to person for up to three weeks.According to studies,the odds of transmitting the virus after receiving the nasal spray are about 2.5 percent,with children the most susceptible.The nasal spray is being rolled out on a mass scale before the widespread introduction of the injectable vaccine. Some fear that the nasal spray will contribute to a wider pandemic, which will then provide governments with the crisis they need to make the injectable vaccine mandatory.
This would accelerate the move to a state of emergency, cripple the US health care system, and would result in the need to have military, eventually UN troops, take control,notes TheFluCase.com.Also, all public assemblies, including courts, would be prohibited, thereby satisfying a condition for the imposition of martial law, mass quarantines, and forced vaccinations for the rest of us.According to the Mayo Clinic, the swine flu scandal of 1976, when more people died from the vaccine than the actual virus, was what caused the live virus to be removed from future vaccines. However, it is admitted that FluMist contains the live virus.It has been documented that the live viruses from the vaccine can be shed (and potentially spread into the community) from recipient children for up to 21 days, and even longer from adults. Viral shedding also puts breastfeeding infants at risk if the mother has been given FluMist,writes Dr. Sherri Tenpenny, one of the most outspoken physicians in the country on the hazards of vaccines and vaccination.FluMist’s own package insert reads as follows,FluMist® recipients should avoid close contact with immunocompromised individuals for at least 21 days.The warning is specifically directed toward those living in the same household with an immunocompromised person, but the on-going release of live viruses throughout the community may be a significant risk to everyone who has a weak, or weakened, immune system,writes Tenpenny, pointing out that if one takes into account a plethora of health conditions that could be classified as contributing to immunodeficiency, as much as 60% of the entire population could be considered to be chemically immunosuppressed.
An ever greater concern about FluMist is the contents within the vaccine. Each 0.5ml of the formula contains 10 6.5-7.5 particles of live, attenuated influenza virus. That means that between 10 million and 100 million viral particles will be forcefully injected into the nostrils when administered. The viral strain was developed by serial passage through specific pathogen-free primary chick kidney cells and then grown in specific pathogen-free eggs.That means that the culture media was free of pathogens that were specifically tested for, but not a culture that was necessarily pathogen-free.The risk that the vaccine may contain contaminant avian retroviruses still remains,warns Tenpenny.One of the pharmaceutical companies developing nasal spray vaccines is Baxter International, who were caught earlier this year releasing batches of vaccines from a lab in Austria that were contaminated live bird flu virus, otherwise known as H5N1.
Autism Explodes As Childhood Vaccines Increase Paul Joseph Watson Prison Planet.com Monday, October 5, 2009
Cases of autism amongst children have doubled since 2003 according to a government survey out today, highlighting once again the direct link between vaccines containing mercury and the brain disorder, as millions more parents give the green light for their kids to be injected with the thimerosal-containing H1N1 shot over the coming weeks.While research has suggested that the prevalence of autism spectrum disorders in American children was about 1 of every 150 children, a new government study estimates that the prevalence is more likely about 1 in every 91 children, reports U.S. News & World Report.The study, which is published in the October issue of Pediatrics, estimated that 110 of every 10,000 U.S. youngsters will be diagnosed at some point in their lives with an autism spectrum disorder. That currently translates to about 673,000 American children with some form of autism, according to the study.Claims by the CDC and the Institute of Medicine, following a whitewash study that ignored previously verified evidence, that thimerosal, a mercury based preservative, has no causal relationship to skyrocketing cases of autism have been soundly rejected by top doctors and scientists ever since.Epidemiologist Tom Verstraeten and Dr. Richard Johnston, an immunologist and pediatrician from the University of Colorado, both concluded that thimerosal was responsible for the dramatic rise in cases of autism but their findings were dismissed by the CDC.Cases of autism in the U.S. have now increased by over 2700 per cent since 1991, which is when vaccines for children doubled, and the number of immunizations is only increasing. Just one in 2,500 children were diagnosed with autism before 1991, whereas one in 91 children now have the disease, up from one in 150 just six years ago.A peer reviewed study by Dr. Mark Geier which appeared in the Journal of American Physicians and Surgeons showed that the IOM research was flawed because it was largely based on a Danish study by Anders Peter Hviid, which did not account for the fact that American children have a much higher mercury burden than children in Denmark.
At the high levels (of thimerosal exposure), it is undeniable there is a causal relationship, and we have gone to high levels. Their studies, therefore are not relevant, I am not saying they are wrong, although there are many criticisms of it. It is just not relative to the US situation,said Geier.Geier’s study concludes that there is an increase of neurodevelopment disorders following the use of thimerosal containing vaccines.Dr. Rashid Buttar, who has pioneered a new treatment for autistic children that removes mercury from their bodies, said the Institute of Medicine’s conclusion that mercury does not cause autism demonstrates the complete absence of any desire to discover scientific truth at the supposed highest levels of medical academia.When 31 children recover from a devastating disease by a simple transdermal treatment that detoxifies metals, then common sense dictates that perhaps metals are involved,states Dr. Bob Nash the chairman of the American Board of Clinical Metal Toxicology (ABCMT) in regard to Dr. Buttar’s treatment.In 1977, a Russian study found that adults exposed to ethylmercury, the form of mercury in thimerosal, suffered brain damage years later. Studies on thimerosal poisoning also describe tubular necrosis and nervous system injury, including obtundation, coma and death. As a result of these findings, Russia banned thimerosal from children’s vaccines in 1980. Denmark, Austria, Japan, Great Britain and all the Scandinavian countries have also banned the preservative,writes Dawn Prate.Mercury is classified by The Department of Defense as a hazardous material that could cause death if swallowed, inhaled or absorbed through the skin, and the EPA is now limiting mercury emissions from factories because the toxin can damage the brain and nervous system and is especially dangerous to fetuses and small children,but according to the CDC it’s perfectly safe to inject into your child’s bloodstream.Despite concerns about thimerosal and mercury, thimerosal is an ingredient of the swine flu vaccine which is currently being rolled out for children all over the country.
Some of the vaccine will be stored in multi-dose vials containing thimerosal, an antibacterial additive that contains mercury,reported the Washington Post in an article about which groups will receive the swine flu vaccine first.Indeed, the swine flu vaccine contains no less than 25,000 per cent the amount of mercury considered safe.Around 12,000 U.S. children were used as guinea pigs for the experimental swine flu vaccine also known to contain the dangerous ingredient squalene, which has been directly linked with cases of Gulf War Syndrome and a host of other debilitating diseases.Squalene contributed to the cascade of reactions called Gulf War syndrome. (GIs developed) arthritis, fibromyalgia, lymphadenopathy, rashes, photosensitive rashes, malar rashes, chronic fatigue, chronic headaches, abnormal body hair loss, non-healing skin lesions, aphthous ulcers, dizziness, weakness, memory loss, seizures, mood changes, neuropsychiatric problems, anti-thyroid effects, anaemia, elevated ESR (erythrocyte sedimentation rate), systemic lupus erythematosus, multiple sclerosis, ALS, Raynaud’s phenomenon, Sjorgren’s syndrome, chronic diarrhea, night sweats and low-grade fever,according to Micropaleontologist Dr. Viera Scheibner.Pharmaceutical companies can be assured that they won’t face reprisals for the many thousands of injuries and deaths that will inevitably occur as a result of exposing millions to mercury and squalene during a mass vaccination program, because the government has already acted to provide them with blanket immunity from lawsuits.Vaccine makers and federal officials will be immune from lawsuits that result from any new swine flu vaccine, under a document signed by Secretary of Health and Human Services Kathleen Sebelius,reported the Associated Press in July.
WHO says H1N1 vaccine safe, urges mass take-up Tue Oct 6, 6:47 am ET
GENEVA (Reuters) – The World Health Organization (WHO) restated its confidence in the H1N1 flu vaccine on Tuesday, calling it the most important tool against the pandemic.Mild adverse side effects such as muscle cramps or headache are to be expected in some cases, but everyone who has access to the vaccine should be inoculated, it said.Mass vaccination campaigns against the swine flu virus are underway in China and Australia and will be starting soon in the United States and parts of Europe, WHO spokesman Gregory Hartl said.It is important to remember that the vaccines, which have already been approved, have been used for years and years and years in their seasonal vaccine formulation and have been shown to be among the safest vaccines that exist,he told a news briefing.Hartl, asked whether WHO was concerned by reports that some people were reluctant to be injected with the new vaccine, said:Certainly we have seen the reports. Again, we would restate that the most important tool that we have to fight this pandemic is the vaccine.It was doubly important that health care workers be vaccinated, as it protects them as well as patients, he added.We would hope that everyone who has a chance to get vaccinated does get vaccinated,Hartl told Reuters.
The United Nations agency declared in June that the H1N1 virus was causing an influenza pandemic and its collaborating laboratories have provided seed virus to drug makers worldwide to develop vaccines.GlaxoSmithKline won a further 22 government orders for its H1N1 swine flu vaccine in the last two months, taking the total number of doses ordered to 440 million worth some $3.5 billion. Rivals in flu vaccines include Sanofi-Aventis, Novartis, Baxter, AstraZeneca and CSL.(Reporting by Stephanie Nebehay; Editing by Janet Lawrence).
The Great Poisoning of America Begins Ken Adachi
Educate-Yourself October 6, 2009
Yesterday, while working outside, I had my small portable radio tuned to ABC, 790 AM. I heard Tim Conway, Junior, son of comedian Tim Conway, blather on endlessly about how dangerous and deadly the Swine Flu outbreak was and how very IMPORTANT it was to protect yourself and your family from being stricken dead by this killer flu and to get your Swine flu shot as soon as possible. While it was necessary to vaccinate health care workers, pregnant women, and school children FIRST,there should be enough vaccine available to cover everybody, so just be patient if you can’t get your vaccination right away.I care most about my family, he said, and want them vaccinated first, but I care about you too, the listener, and want you around as well.I can only HOPE that enough parents are aware of the tremendous dangers which the BIO-ENGINEERED Swine flu vaccine presents to the health and longevity of their children.So, do as Tim Conway Jr does and get yourself inoculated with a lethal cocktail of toxins and patented bio-weaponized germs with immune system-crippling adjuvant, so you can protect yourself.Thank you Tim Conway, Jr., you lying, brain-washed, worthless son-of -a -bitch.
Earlier in the day, I also heard the greatest outlet of Tavistock propaganda on radio, NPR (National Public Radio), tell me that the first million (or two million or four million?) doses of Swine Flu vaccine have just arrived in Los Angeles in the nick of time for the beginning of the school year, so there will be adequate Swine flu vaccine available for all of Los Angeles’ school children.Isn’t that wonderful? Good News always seem to come in bucket loads on Sundays for some reason! Are media whores, propagandizing on behalf of pharmaceutical companies and their whores in government, any less guilty of crippling and killing innocent people than the vaccine manufacturers themselves? Are they any less guilty than the Fort Detrick research team under Dr Jeffrey Taubenberger who went up to Alaska to retrieve DNA samples in 1997 in order to use it to map and REPLICATE the 1918 Spanish Flu virus, and THEN develop it into an even DEADLIER strain that eventually becomes part of the Swine flu vaccine cocktail?
I don’t think so.
Every player and every cog in the Swine Flu Hysteria Propaganda Machine, are as guilty as the Illuminated Club of Rome planners who were behind this covert population reduction agenda. Having failed, apparently, to poison us sufficiently with chemtrails for the past 11 years, they now turn to direct poisoning via inoculations. The Satanic underpinning of this Death ritual is clear when you recognize that they FIRST want to poison those human groups most responsible for carrying on and continuing life itself: pregnant women, little children, and healthcare workers! Former Marine Drew Malone Raines, great grandnephew of Major General Smedley Butler, discovered in July of this year that a Navy ship headed out of San Diego in late April of 2009 for Phukette, Thailand, had an emergency crisis at sea and had to return to port. All 347 members of the ship’s crew were inoculated with the Swine flu vaccine three days before departing on April 21, 2009. By May 1, 2009 (about two weeks), 341 crew members came down with flu symptoms and approximately 260 of them had what was described as very serious flu symptoms. Two people died. About 50 medical personnel from another Navy ship, were brought on board to attend to the medical emergency and the ship was returned to port where it was quarantined. The wife of one of those seamen who had gotten very ill and nearly died, had reported the story to a group of Navy wives who were regular listeners to Drew Raines, A Marine’s Disquisition, internet radio show, and they, in turn, reported the story to Drew Raines. Subsequently, the wives of every seaman on that ship were visited by Navy Intelligence and other Navy brass and told to keep their mouths shut and say nothing of the episode to anyone as the incident was now classified and subject to national security classification.
After broadcasting a radio show on September 26, 2009 discussing the April-May events aboard that ship, Drew Raines and guest Bob Chapman discovered that an internet disinformation campaign was launched to label the entire story of the ship’s crew coming down with Swine Flu as a hoax.Naturally, this infuriated Drew, as he was given in depth details of what had transpired on the ship by the wives of some of the men involved and who had nearly died due to the Swine Flu vaccination. In more than one instance, seamen were placed in ice baths or placed inside the ship’s walk-in freezer in order to bring down fevers which were running as high as 106 degrees.I read a very capable article by Jim Kirwan a few days ago addressing this latest hoax disinformation effort, and how it paralleled so closely with the disinformation effort in the wake of the 1967 Israeli attack on the USS Cole, branding the entire account - a hoax.Who else but the military could be behind these disinformation campaigns? I can only HOPE that enough parents are aware of the tremendous dangers which the BIO-ENGINEERED Swine flu vaccine presents to the health and longevity of their children, that they either obtain vaccination exemptions (available in every state) or pull their kids out of public school altogether and home school them.I can only HOPE that health care workers care more about the sanctity of their blood (and of their lives) than to sacrifice both in the interest of collecting a paycheck.I can only HOPE that there are enough people in this country who still have a brain in their head and will GET INVOLVED in protesting and CONDEMING those who are promoting the Swine Flu hoax and worst of all, urging people to take the Swine flu vaccine.
The Great Poisoning of America has begun. It will probably continue through November and maybe into December. MILLIONS of people will suffer IRREVERSIBLE damage as a result of being vaccinated with the Swine Flu vaccine and MANY THOUSANDS WILL DIE, some immediately, and some more slowly.How bad it will get depends entirely on how many people take the deadly vaccine. I can only HOPE enough people will wake up in time.
US may leave PAC3 systems in Israel Tuesday, 06 October 2009 06:26 News from Jerusalem .The Patriot (PAC) 3 system (Photo AP)
Israel and the US are in talks regarding the possibility that America will leave several Patriot 3 missile defense systems behind, following a joint missile defense exercise that will begin next week, defense officials said Monday.The Juniper Cobra exercise will begin next week in southern Israel, where US and Israeli forces will run simulations on various threat scenarios involving missile attacks against Israel.
Ahead of the exercise, some 15 US Navy ships have arrived in Israel, in addition to about a dozen transport planes that brought equipment to air force bases in the Negev.This year's drill is being described as the largest joint exercise ever held by the countries. During it they will jointly test four ballistic missile defense systems - the Israeli Arrow 2, the ship-based Aegis, the high-altitude THAAD and the Patriot (PAC) 3 systems. This is the first time that all of these systems are deployed here.Israeli defense officials said that there were ongoing talks between the sides regarding the possibility that the US would leave several of the PAC3 systems behind following the drills.There are talks about this possibility and the Americans will likely decide to leave the PAC3 systems here after the exercise,one official said.Juniper Cobra, senior defense officials said this week, is aimed at creating infrastructure in case Israel is attacked and the US decides to send the Aegis or THAAD to bolster the Arrow. The exercise spans several days and involves hundreds of Israeli and American soldiers, mostly from the air force.The primary focus of the Juniper Cobra exercise held in 2007, for example, was integrating the lower-altitude US Patriot missile systems with the higher-altitude Arrow 2. This year, the integration will focus on improving the interoperability between the Arrow, THAAD and Aegis.Ahead of the 1991 Gulf War, the first Bush administration sent Patriot missile batteries to help defend the country against Saddam Hussein's Scud missile attacks, and last October, the second Bush administration gave Israel a farewell gift in the form of the X-Band radar, which is deployed in the Negev and is capable of detecting targets thousands of miles away, providing five to seven minutes of warning before an Iranian missile strikes.jpost.
MI6 confirms Ahmadinejad's Jewish roots Tuesday, 06 October 2009 12:13 News from Jerusalem .Iranian Embassy: It's not something we would ever talk about.
MI6, Britain's Secret Intelligence Service, has established that the greatest living Holocaust denier, Iranian President Mahmoud Ahmadinejad, comes from a Jewish family whose genetic line stretches back hundreds of years and whose members came to Iran when Cyrus the Great liberated them from slavery in Babylon in 593 BC, according to a report from Joseph Farah's G2 Bulletin.The man who has spent his years in power calling for Israel to be wiped off the face of the earth has managed to keep totally secret his family history until now.Family members worshipped at the synagogue in Aradan, a small country town where they were known as Sabourjian – a Jewish surname meaning cloth weaver.The 52-year-old Iranian president was born in a small house above the family cloth-weaving workshop where he was introduced to the tenets of the faith. They baked their bread for Sabbath, and celebrated all the Jewish festivals.
By the age of four his friends were children of a mixture of Hassadin, Orthodox and Marmos Jews. Like his friends he was circumcised.Keep in touch with the most important breaking news stories about critical developments around the globe with Joseph Farah's G2 Bulletin, the premium, online intelligence news source edited and published by the founder of WND.Since Ahmadinejad came to power he has taken extraordinary steps to hide his background as he shocked the world with his calls for Israel to be destroyed.Some intelligence analysts have said that his determination to build nuclear weapons is rooted in his wish to hide the truth about his ancestry.MI6 has discovered that Iran's ruthless Revolutionary Guards have posted their own agents in Aradan. Members of the family have been moved to an undisclosed area in Iran, said an MI6 source.The family name – Sabourjian – has been excised from the local synagogue records. It meant Weaver of the Sabour,which is the Jewish Tallit shawl worn in what was Persia.But MI6 has discovered that the description remains on the list of names for Iranian Jews held in Iran's Ministry of the Interior.wnd.
Israeli police bring reinforcements to Jerusalem By AMY TEIBEL, Associated Press Writer – OCT 6,09
JERUSALEM – Israeli police mobilized reinforcements from across the country to secure volatile Jerusalem on Tuesday, deploying thousands of officers on city streets for fears that two days of clashes with Palestinian protesters would escalate.Rumors that Israeli extremists planned to march on the most sacred Muslim and Jewish shrine in the Holy Land apparently fueled the unrest in Jerusalem, the city at the heart of the Israeli-Palestinian conflict.No such march has taken place. But the low-level violence has inflamed political and religious passions, stoked breathless reports in the Israeli and Arab media and laid bare once again just how much of a tinderbox Jerusalem is.Prime Minister Benjamin Netanyahu's office said Tuesday the Israeli leader was following the events and holding consultations with security officials.Israeli police spokesman Micky Rosenfeld said thousands of police were called in to secure the city on Tuesday, describing the reinforcements as exceptional.The weeklong Jewish holiday of Sukkot, which draws many Jewish visitors to Jerusalem, has been the backdrop for the recent unrest. On Tuesday, Israel again accused Muslim leaders from the country's Arab minority of inciting the disturbances.
Israel and the Palestinians both lay claim to Jerusalem, with Israel insisting it will retain control of all of the city, including the eastern sector it captured and annexed in 1967.The Palestinians want east Jerusalem, with its major Jewish, Muslim and Christian holy sites, for their future capital. Like the rest of the international community, they do not recognize the Israeli annexation and regard the Jewish neighborhoods that ring east Jerusalem as settlements, which Israel does not.
Israel is working on a daily basis to Judaize Jerusalem by building settlements, not permitting (Palestinians) to build and by assaults on the Al-Aqsa mosque, like we see today,Palestinian President Mahmoud Abbas told Yemen's state-run TV on Monday.
Jerusalem's 220,000 Arabs and 550,000 Jews live in an uneasy coexistence that frequently leads to friction and occasionally erupts into outright violence.On Sunday, rumors circulated among the Palestinians that Jewish extremists planned to invade or damage the sacred east Jerusalem compound that is home to Islam's third-holiest shrine, the Al-Aqsa mosque, and is revered by Jews as the site of their two biblical temples.About 150 demonstrators streamed to the hilltop compound, known to Muslims as Haram as-Sharif and to Jews as the Temple Mount, where they hurled rocks and bottles at Israeli police.The disturbances continued the next day, as Palestinian protesters hurled stones at Jewish worshippers outside Jerusalem's Old City and a Palestinian teenager stabbed and lightly wounded an Israeli security officer in east Jerusalem.Raed Salah, head of a militant branch of Israel's Islamic Movement, told the Haaretz newspaper on Monday that the clashes would last as long as Israel's occupation of the city and the mosque continued.The mosque compound is Muslim, Palestinian and Arab, and Israel has no rights to the mosque or east Jerusalem,Saleh said.Jordan and Egypt, the two Arab states that have signed peace treaties with Israel, both had scathing criticism for Israel. Egypt's foreign minister, Ahmed Aboul Gheit, said Monday that Arabs and Muslims will never tolerate these Israeli measures in Jerusalem.Some Arab media reports appeared to feed the tensions, with the Al-Jazeera satellite station reporting at the start of the clashes that Jewish settlers tried to enter the disputed hilltop complex and that police had put Muslim worshippers under siege.The main headline in a leading Palestinian newspaper, Al-Quds, blared on Monday: A new attempt to invade Al-Aqsa Mosque fails, police suppress the people with blows and arrests.Some of the Israeli reports also appeared to inflate the gravity of the situation. The front page of Israel's Yediot Ahronot newspaper on Tuesday showed a masked Palestinian throwing stones under the headline Sukkot riots.
US, French, Israeli army chiefs rendezvous secretly in Normandy Monday, 05 October 2009 06:32 News from Jerusalem.
Israel's armed forces chief, Lt. Gen. Gaby Ashkenazi Adm. Mike Mullen, chairman of the joint US chiefs of staff, French chief of staff Gen. Jean-Louis Georgelin and Israel's armed forces chief, Lt. Gen. Gaby Ashkenazi met secretly in Normandy, northern France Sunday, Oct. 4. DEBKAfile's military sources report it was not the first encounter between the US and Israel army chiefs.On April 3, Adm. Mullen invited Gen. Ashkenazi to meet him on the sidelines of the NATO summit in Strasbourg, to sound him out on Israeli plans for striking Iranian nuclear facilities.According to our sources, the Normandy get-together is quiet different. The three army leaders met to review the new military conditions emerging in the Middle East following the understanding reached between Washington and Moscow for scrapping US plans to install missile shield systems in East Europe. Russia is assuming a major role in the region with the full support of the Obama administration, part of its plan for a new diplomatic-military front against Iran composed of the US, Russia and Middle East nations.debka.
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 TUE OCT 06,2009
09:30 AM +5.25
10:00 AM +108.05
10:30 AM +112.15
11:00 AM +132.33
11:30 AM +156.21
12:00 PM +147.14
12:30 PM +146.99
01:00 PM +130.67
01:30 PM +136.48
02:00 PM +109.81
02:30 PM +78.82
03:00 PM +104.36
03:30 PM +128.32
04:00 PM +131.50 9731.25
S&P 500 1054.72 +14.26
NASDAQ 2103.57 +35.42
GOLD 1,042.70 +24.90
OIL 71.02 +0.59
TSE 300 11,247.97 +145.35
CDNX 1281.40 +27.15
S&P/TSX/60 669.48 +8.22
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow +9.38%
S&P +15.19%
Nasdaq +31.14%
TSX Advances 935,declines 616,unchanged 195,Volume 429,550,655.
TSX Venture Exchange Advances 477,Declines 404,Unchanged 354,Volume 265,272,973.
Dow +76 points at 4 minutes of trading today.
Dow +1 points at low today.
Dow +173 points at high today so far.
GOLD opens at $1,033.80.OIL opens at $70.85 today.
GOLD HITS ALL TIME HIGH AT $1,043.00 THIS MORNING.DOLLAR BEING HIT BAD AND CNBC TALKING ABOUT A BASKET OF CURRENCIES.
AFTERNOON,NEWS,STATS
Dow +1 points at low today so far.
Dow +173 points at high today so far.
DAY TODAY PERFORMANCE - 12:30PM STATS
NYSE Advances 3,105,declines 463,unchanged 47,New Highs 290,New Lows 31.
Volume 2,003,484,654.
NASDAQ Advances 2,001,declines 529,unchanged 97,New highs 103,New Lows 07.
Volume 810,302,176.
TSX Advances 880,declines 360,unchanged 203,Volume 233,067,598.
TSX Venture Exchange Advances 391,Declines 227,Unchanged 244,Volume 106,345,060.
WRAPUP,NEWS,STATS
Dow +1 points at low today.
Dow +173 points at high today.
Dow +1.37% today Volume 205,979,963.
Nasdaq +1.71% today Volume 2,292,136,755.
S&P 500 +1.37% today Volume N/A
COUNTRIES WANT OUT OF DOLLAR
http://www.youtube.com/watch?v=CBDPGkW6SCU&feature=player_embedded
THE DOLLAR FIGHT
http://www.cnbc.com/id/15840232?video=1286162714&play=1
http://www.cnbc.com/id/15840232?video=1286111025&play=1
http://www.cnbc.com/id/15840232?video=1286161982&play=1
CHANGING US LABOUR MARKET
http://www.cnbc.com/id/15840232?video=1286143076&play=1
FLU VACCINE AVAILABLE
http://www.cnbc.com/id/15840232?video=1286180368&play=1
AUDIT THAT FED HAS 299 HOUSE AND 30 SENATE MEMBERS SIGNED UP SO FAR.
The IMF Catapults From Shunned Agency to Global Central Bank
Ellen Brown Huffington Post October 6, 2009
A year ago,said law professor Ross Buckley on Australia’s ABC News last week, nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.The IMF may have catapulted to a more exalted status than that. According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of last week’s G20 Summit in Pittsburgh was that the IMF is being anointed as the global central bank.Rickards said in a CNBC interview on September 25 that the plan is for the IMF to issue a global reserve currency that can replace the dollar.They’ve issued debt for the first time in history, said Rickards.They’re issuing SDRs. The last SDRs came out around 1980 or ‘81, $30 billion. Now they’re issuing $300 billion. When I say issuing, it’s printing money; there’s nothing behind these SDRs.SDRs, or Special Drawing Rights, are a synthetic currency originally created by the IMF to replace gold and silver in large international transactions. But they have been little used until now. Why does the world suddenly need a new global fiat currency and global central bank? Rickards says it because of Triffin’s Dilemma, a problem first noted by economist Robert Triffin in the 1960s. When the world went off the gold standard, a reserve currency had to be provided by some large-currency country to service global trade. But leaving its currency out there for international purposes meant that the country would have to continually buy more than it sold, running large deficits; and that meant it would eventually go broke. The U.S. has fueled the world economy for the last 50 years, but now it is going broke. The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems, and that new currency is to be the IMF’s SDRs.
That’s the solution to Triffin’s dilemma, says Rickards, but it leaves the U.S. in a vulnerable position. If we face a war or other global catastrophe, we no longer have the privilege of printing money. We will have to borrow the global reserve currency like everyone else, putting us at the mercy of the global lenders.To avoid that, the Federal Reserve has hinted that it is prepared to raise interest rates, even though that would mean further squeezing the real estate market and the real economy. Rickards pointed to an oped piece by Fed governor Kevin Warsh, published in The Wall Street Journal on the same day the G20 met. Warsh said that the Fed would need to raise interest rates if asset prices rose – which Rickards interpreted to mean gold, the traditional go-to investment of investors fleeing the dollar. Central banks hate gold because it limits their ability to print money,said Rickards. If gold were to suddenly go to $1,500 an ounce, it would mean the dollar was collapsing. Warsh was giving the market a heads up that the Fed wasn’t going to let that happen. The Fed would raise interest rates to attract dollars back into the country. As Rickards put it, Warsh is saying,We sort of have to trash the dollar, but we’re going to do it gradually. . . . Warsh is trying to preempt an unstable decline in the dollar. What they want, of course, is a stable, steady decline.What about the Fed’s traditional role of maintaining price stability? It’s nonsense, said Rickards.What they do is inflate the dollar to prop up the banks.The dollar has to be inflated because there is more debt outstanding than money to pay it with. The government currently has contingent liabilities of $60 trillion. There’s no feasible combination of growth and taxes that can fund that liability,Rickards said. The government could fund about half that in the next 14 years, which means the dollar needs to be devalued by half in that time.
The Dollar Needs to be Devalued by Half?
Reducing the value of the dollar by half means that our hard-earned dollars are going to go only half as far, something that does not sound like a good thing for Main Street. Indeed, when we look more closely, we see that the move is not designed to serve us but to serve the banks. Why does the dollar need to be devalued? It is to compensate for a dilemma in the current monetary scheme that is even more intractable than Triffin’s, one that might be called a fraud. There is never enough money to cover the outstanding debt, because all money today except coins is created by banks in the form of loans, and more money is always owed back to the banks than they advance when they create their loans. Banks create the principal but not the interest necessary to pay their loans back. The Fed, which is owned by a consortium of banks and was set up to serve their interests, is tasked with seeing that the banks are paid back; and the only way to do that is to inflate the money supply to create the dollars to cover the missing interest. But that means diluting the value of the dollar, which imposes a stealth tax on the citizenry; and the money supply is inflated by making more loans, which adds to the debt and interest burden that the inflated money supply was supposed to relieve. The banking system is basically a pyramid scheme, which can be kept going only by continually creating more debt.
The IMF’s $500 Billion Stimulus Package:Designed to Help Developing Countries or the Banks? And that brings us back to the IMF’s stimulus package discussed last week by Professor Buckley. The package was billed as helping emerging nations hard hit by the global credit crisis, but Buckley doubts that that is what is really going on. Rather, he says, the $500 billion pledged by the G20 nations is a stimulus package for the rich countries’ banks.Why does he think that? Because stimulus packages are usually grants. The money coming from the IMF will be extended in the form of loans.
These are loans that are made by the G20 countries through the IMF to poor countries. They have to be repaid and what they’re going to be used for is to repay the international banks now. . . . [T]he money won’t really touch down in the poor countries. It will go straight through them to repay their creditors. . . . But the poor countries will spend the next 30 years repaying the IMF.Basically, said Professor Buckley, the loans extended by the IMF represent an increase in seniority of the debt. That means developing nations will be even more firmly locked in debt than they are now. At the moment the debt is owed by poor countries to banks, and if the poor countries had to, they could default on that. The bank debt is going to be replaced by debt that’s owed to the IMF, which for very good strategic reasons the poor countries will always service. . . . The rich countries have made this $500 billion available to stimulate their own banks, and the IMF is a wonderful party to put in between the countries and the debtors and the banks.Not long ago, the IMF was being called obsolete. Now it is back in business with a vengeance; but it’s the old unseemly business of serving as the collection agency for the international banking industry. As long as third world debtors can service their loans by paying the interest on them, the banks can count the loans as assets on their books, allowing them to keep their pyramid scheme going by inflating the global money supply with yet more loans. It is all for the greater good of the banks and their affiliated multinational corporations; but the $500 billion in funding is coming from the taxpayers of the G20 nations, and the foreseeable outcome will be that the United States will join the ranks of debtor nations subservient to a global empire of central bankers.
Fed Should Release Borrowers’ Names, Bloomberg Says (Update2)
By Mark Pittman
Oct. 5 (Bloomberg) -- The Federal Reserve should be forced to identify companies that received loans from the central bank because it can’t demonstrate that borrowers would be harmed by the disclosure, according to lawyers who won a Freedom of Information Act lawsuit. There’s nothing proprietary in the details sought by the Bloomberg News unit of Bloomberg LP, the New York-based company majority-owned by Mayor Michael Bloomberg, attorneys for the company said today in court papers. The filing by Bloomberg opposes the Fed’s request for a court to halt disclosure of information while an appeal proceeds.Bloomberg won a ruling from Manhattan’s chief federal judge on Aug. 24 affirming the right of U.S. taxpayers to know about the financial firms that borrowed money. The Fed last year began extending credit directly to companies that aren’t banks for the first time since it was created in 1913. Total lending by the Fed was $2.12 trillion on Sept. 30.Divulging specifics about the loan program might touch off a run by depositors, unsettle shareholders and hurt the central bank’s ability to perform important statutory functions at a time of economic upheaval,Fed lawyers have said in legal filings.David Skidmore, a Fed spokesman, declined to comment.
Cataclysmic Crisis
Details about the borrowers and their collateral are central to understanding and assessing the government’s response to the most cataclysmic financial crisis in America since the Great Depression,attorneys for Bloomberg said in the suit.The Freedom of Information Act obliges federal agencies to make government documents available to the public. The Bloomberg suit didn’t seek money damages.Bloomberg responded today to the Fed’s motion to keep the borrower information confidential while it seeks to overturn the Aug. 24 ruling in the U.S. Court of Appeals in New York, according to Thomas Golden, a lawyer at New York-based Willkie Farr & Gallagher LLP, who represents the company.Today’s filing couldn’t be immediately confirmed in court records.The case is Bloomberg LP v. Board of Governors of the Federal Reserve System, 08-CV-9595, U.S. District Court, Southern District of New York (Manhattan).To contact the reporter on this story: Mark Pittman in New York at mpittman@bloomberg.net.Last Updated: October 5, 2009 20:26 EDT
Gold surges to record high Reuters
Published: Tuesday, October 06, 2009
NEW YORK -- Benchmark U.S. gold futures rose to an all-time high at US$1,043.00 an ounce on the back of a weak dollar on Tuesday, surpassing the previous record for the active contract at US $1,033.90 set in March 2008.Spot gold bullion XAU rose to a record high at US$1,036.40 an ounce.Investors fear the massive U.S. economic stimulus and bank bailout packages will eventually weaken the dollar and cause inflation. Seeking safe havens, they have poured money into exchange-traded funds and other gold-related assets.Bullion holdings backing New York's Gold Trust GLD have risen rose about 300 tonnes to nearly 1,100 tonnes year to date.
Metals Stocks Oct. 6, 2009, 10:01 a.m. EDT - Gold hits record at $1,038, gains on report of dollar's demise Silver and copper contracts also move higherExplore related topics By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Gold futures hit a new record high on Tuesday, lifted by weakness in the dollar after Australia hiked interest rates and after a report that Gulf-area oil producers, along with China, Russia, Japan and France, are planning to eventually end dollar-based oil pricing. With the dollar under selling pressure, investors moved into dollar-denominated commodities, such as gold.Gold for December delivery rose as high as $1,038.00 an ounce in electronic trade, topping the previous record of $1,033.90 in March 2008. It recently gained $16.30, or 1.6%, to $1,034.10 an ounce.Pushing through a new high is very bullish for gold,said Tom di Galoma, strategist at Guggenheim Securities.The dollar index /quotes/comstock/11j!i:dxy0 (DXY 76.17, -0.47, -0.61%) , a measure of the greenback against a trade-weighted basket of currencies, fell to 76.330 from 76.668 in late trading Monday. See Currencies.The report carried in the Independent newspaper was denied by top finance officials, giving the dollar a small, but temporary, lift in early European trading hours. Read more on possible oil-price changes.According to Peter Spina, chief investment analyst at GoldSeek.com, trading gold and other currencies in exchange for oil would establish gold as a recognized medium of exchange, returning it a step closer to its role as money on a world trade system.
The report and dollar weakness also fueled gains in crude-oil futures, which rose 1% to top $71 a barrel. See Futures Movers.Rising crude prices tends to lift gold, which is often used as a hedge against potential inflation.Also pressuring the dollar, the Reserve Bank of Australia boosted its cash rate by a quarter of a percentage point to 3.25%, marking the first hike since March 2008. It follows an aggressive reduction of a total of 4.25 percentage points starting in September 2008.
Among other metals, silver for December delivery recently jumped 4% to $17.20 an ounce. Copper for December delivery rose gained 1.8% to $2.78 a pound.Nick Godt is MarketWatch's markets editor, based in New York.
The demise of the dollar-In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading By Robert Fisk Tuesday, 6 October 2009
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years. The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs. Against the background to these currency meetings, Sun Bigan, China's former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. Bilateral quarrels and clashes are unavoidable,he told the Asia and Africa Review. We cannot lower vigilance against hostility in the Middle East over energy interests and security.
This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil – yet again turning the region's conflicts into a battle for great power supremacy. China uses more oil incrementally than the US because its growth is less energy efficient. The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold. An indication of the huge amounts involved can be gained from the wealth of Abu Dhabi, Saudi Arabia, Kuwait and Qatar who together hold an estimated $2.1 trillion in dollar reserves. The decline of American economic power linked to the current global recession was implicitly acknowledged by the World Bank president Robert Zoellick. One of the legacies of this crisis may be a recognition of changed economic power relations,he said in Istanbul ahead of meetings this week of the IMF and World Bank. But it is China's extraordinary new financial power – along with past anger among oil-producing and oil-consuming nations at America's power to interfere in the international financial system – which has prompted the latest discussions involving the Gulf states. Brazil has shown interest in collaborating in non-dollar oil payments, along with India. Indeed, China appears to be the most enthusiastic of all the financial powers involved, not least because of its enormous trade with the Middle East.China imports 60 per cent of its oil, much of it from the Middle East and Russia. The Chinese have oil production concessions in Iraq – blocked by the US until this year – and since 2008 have held an $8bn agreement with Iran to develop refining capacity and gas resources. China has oil deals in Sudan (where it has substituted for US interests) and has been negotiating for oil concessions with Libya, where all such contracts are joint ventures.
Furthermore, Chinese exports to the region now account for no fewer than 10 per cent of the imports of every country in the Middle East, including a huge range of products from cars to weapon systems, food, clothes, even dolls. In a clear sign of China's growing financial muscle, the president of the European Central Bank, Jean-Claude Trichet, yesterday pleaded with Beijing to let the yuan appreciate against a sliding dollar and, by extension, loosen China's reliance on US monetary policy, to help rebalance the world economy and ease upward pressure on the euro.Ever since the Bretton Woods agreements – the accords after the Second World War which bequeathed the architecture for the modern international financial system – America's trading partners have been left to cope with the impact of Washington's control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency. The Chinese believe, for example, that the Americans persuaded Britain to stay out of the euro in order to prevent an earlier move away from the dollar. But Chinese banking sources say their discussions have gone too far to be blocked now.The Russians will eventually bring in the rouble to the basket of currencies, a prominent Hong Kong broker told The Independent.The Brits are stuck in the middle and will come into the euro. They have no choice because they won't be able to use the US dollar.Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years' time. The current deadline for the currency transition is 2018.The US discussed the trend briefly at the G20 summit in Pittsburgh; the Chinese Central Bank governor and other officials have been worrying aloud about the dollar for years. Their problem is that much of their national wealth is tied up in dollar assets.These plans will change the face of international financial transactions,one Chinese banker said.America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.
Oct. 6, 2009, 11:20 a.m. EDT Dollar falls to year-low versus Canadian currency
By Deborah Levine NEW YORK (MarketWatch) -- The U.S. dollar fell to its lowest level ina year versus its Canadian counterpart on Tuesday, following continued news about the possibility of pricing oil in a different currency than the greenback, and as a surprise rate hike in Australia triggered speculation that Canada may be one of the next major economies to lift interest rates. The U.S. dollar fell to the lowest in just over a year to $1.0557, down 1.1% from late Monday, according to FactSet. Elevated risk appetite on the back of the second day of solid stock rallies, along with rebounding commodities and gold prices has been behind the Canadian dollar's gains,said analyst at Action economics.The bank of Canada surely will not be happy with the latest Canadian dollar strength, and it would not be surprising for the bank to soon fire a verbal warning shot across the bow of loonie bulls.
TSX soars as gold hits record high Kristine Owram OCT 6,09
THE CANADIAN PRESS The Toronto stock market gained more than two per cent in late morning trading Tuesday as commodity prices soared in response to a weakening U.S. dollar.The S&P/TSX composite index saw broad-based gains, but was led by the gold sector as it added 240.05 points to 11,342.67.Both oil and gold gained substantially as the U.S. dollar continued to weaken amid fears that inflation will result from massive stimulus spending, boosting the commodity heavy TSX.The weakening greenback also caused the loonie to soar. The dollar added 1.16 cents to 94.61 cents US. This followed a report that Arab states and other countries were contemplating an end to the U.S. currency's role in the pricing of oil.Paul Vaillancourt at Franklin Templeton Managed Solutions said concerns that the U.S. dollar will lose its status as the global currency are pushing gold to a pseudo-currency status.What's driving gold today is the fear of looming massive inflation, and I think that is something that's preoccupying the markets,Vaillancourt said.New York markets also moved ahead as they played catch-up with broad-based gains seen earlier on Asian markets. The Dow Jones industrials rose 156.51 points to 9,756.26. The Nasdaq composite index climbed 39.62 points to 2,107.77 while the S&P 500 index gained 18.10 points to 1,058.56.
The gold sector led the gains on the TSX, up five per cent, as the December bullion contract set a record high, up $24.60 to US$1,042.40 an ounce on the New York Mercantile Exchange.The energy sector was ahead 2.5 per cent as the November crude contract gained $1.24 to US$71.65.The TSX Venture Exchange added 32.49 points to 1,286.74.In Canadian corporate news, trading in shares in Canwest Global Communications Corp. (TSX: CGS) was suspended after the media conglomerate announced that certain units of the company will seek bankruptcy protection under the Companies' Creditors Arrangement Act.Jean Coutu Group (TSX: PJC.A), the largest pharmacy chain in Quebec, reported a 7.3 per cent increase in revenue to $608.7 million in its latest quarter. Its stock rose one cent to $9.88.Armtec Infrastructure Income Fund (TSX: ARF.UN) announced a $26.9-million contract to supply concrete sewer piping for a 15-kilometre segment of the York Durham Sewage System. Units of the company gained 48 cents to $19.93. On Monday, the company announced it will cut 100 jobs as it streamlines operations after a period of growth that has seen it more than quadruple in size in two years.In the tech sector, BCE Inc.'s (TSX: BCE) Bell Canada and Telus Corp. (TSX: T) both said they will begin offering two models of Apple's iPhone in November, a move that will put added pressure on rival Rogers Communications (TSX: RCI.B). BCE shares were up 26 cents to $26.56, while Telus shares gained 38 cents to $34.34. Rogers lost 46 cents to $28.49.
Overseas, Britain's FTSE 100 gained 2.5 per cent, Germany's DAX index jumped 2.7 per cent, and France's CAC-40 gained 2.5 per cent.
Saudi Bank Governor Denies Talks to Replace Dollar (Update2)
By Camilla Hall
Oct. 6 (Bloomberg) -- Saudi Arabia hasn’t held talks with China and other countries on dropping the dollar as the currency for pricing oil, Saudi Central Bank Governor Muhammad al-Jasser said, denying a report in the U.K.’s Independent newspaper. The Independent report is absolutely incorrect and there has been absolutely nothing of that nature discussed between Saudi Arabia, the world’s biggest oil exporter, and other countries, al-Jasser told reporters in Istanbul, where he’s attending an International Monetary Fund summit. The dollar pared losses after his remarks.The London-based newspaper said today that Gulf oil producers and nations including China, Japan, Russia and Brazil had held secret talks on a nine-year plan to phase out the dollar in oil trade, and move toward pricing the fuel in a basket of currencies plus gold. It cited unidentified Gulf officials and unidentified Chinese bankers.I don’t give credence to this story,said Simon Williams, a Dubai-based economist at HSBC Holdings Plc.Short- term, it’s highly unlikely that oil will not continue to be priced in dollars.The dollar pared losses against the euro following al- Jasser’s comments, trading at $1.4725 as of 9:40 a.m. in London, from $1.4648 in New York yesterday. It weakened to $1.4749 earlier on the Independent story. It was at 89.10 yen, from 89.53 yesterday, after falling to 88.86.
Dollar Dependence
Criticism of the dollar’s role as the world’s main reserve currency has grown in the wake of the global financial crisis. China and Russia in June agreed to expand use of each other’s currencies in trade to reduce dependence on the dollar, and those countries plus Brazil and India -- the so-called BRIC nations -- have discussed buying each other’s bonds and swapping currencies. The dollar fell to a one-year low of $1.4844 per euro on Sept. 23.Saudi Arabia, a key U.S. ally, pegs its currency to the U.S. dollar like most other oil-rich Gulf nations, and has resisted calls for a move away from the dollar in oil pricing as the U.S. currency lost value in recent years.Iran and Venezuela raised the proposal at a meeting of the Organization of Petroleum Exporting Countries, which pumps about 40 percent of the world’s oil, in November 2007. The weaker dollar adds to costs for OPEC members who use oil revenue to buy goods priced in other currencies.
New Gulf Currency
Saudi Arabia and three other Gulf oil-producers are planning to create a shared currency that may allow them more freedom from U.S. monetary policy. As the region’s economies rebound faster than the U.S. from the global crisis, the shortcomings of the dollar peg will become increasingly clear,HSBC’s Williams said. Other countries cited by the Independent as being involved in the secret plan also denied it. Japanese Finance Minister Hirohisa Fujii said at a news conference in Tokyo today that he doesn’t know anything about it,when he was asked about the newspaper report.
Russia’s Finance Ministry isn’t holding talks on replacing the dollar for oil sales, Interfax news agency reported, citing Deputy Finance Minister Dmitry Pankin. Kuwaiti Oil Minister Sheikh Ahmed Al-Abdullah Al-Sabah told reporters today in Kuwait City that Gulf Arab states have no plans to drop the dollar for oil pricing..To contact the reporter on this story: Camilla Hall in Dubai at chall24@bloomberg.net Last Updated: October 6, 2009 04:46 EDT
Signs of new EU-Brazil alliance on climate change
ANDREW WILLIS Today OCT 6,09 @ 17:38 CET
EUOBSERVER / BRUSSELS – A summit between the European Union and Brazil in Stockholm on Tuesday (6 October) saw leaders call for added urgency on climate change negotiations.Amid rhetoric suggesting the formation of a new strategic alliance on the topic, the two sides also announced their intention to meet again in November, just days before the start of UN climate change negotiations in Copenhagen.We want to increase the pressure on this climate debate,said Swedish Prime Minister Fredrik Reinfeldt, whose country currently holds the bloc's rotating presidency.There is a lot of concern that we are not making enough progress,he said. Speaking at a press conference after the meeting, the leaders made supportive comments on each others' commitments to reduce carbon emissions, with Brazilian President Luis Inacio Lula da Silva highlighting Europe's more ambitious targets when compared to the US.He said it was clear that each country should take responsibility for their own emissions, referring to China amongst others.
Deforestation
Last month at the United Nations General Assembly, Mr Lula announced a target of 80 percent reduction in deforestation by 2020 for Brazil.Although they would like to see greater cuts, the announcement is seen as significant by environmental groups, as Brazil's emissions come largely through deforestation. Brazil is the world's fourth largest carbon emitting nation after China, the US and Indonesia.
Deforestation releases carbon stored in plants into the atmosphere and is by far the world's single largest contributor to greenhouse gas emissions, more than all the world's cars, aircraft and trains put together.Mr Reinfeldt welcomed Brazil's very ambitious national objectives to contain deforestation, a further sign of a potential new alliance, although analysts say it is too early to say how much real convergence between the two sides has taken place.Mr Lula cited the need for accurate figures on national emission levels, something a specially-created UN department could produce in the future.Once we know this we will know what each county has to do in terms of carbon sequestration and carbon emissions,he said.
EU ties border tax to Copenhagen
Developing countries have reacted strongly to suggestions coming from within the EU on the need to set up a border tax on goods whose production involves high levels of carbon emissions.In a recent interview with EUobserver, China's spokesman for foreign affairs Qin Gang said such a tax would be considered as little more than blatant protectionism.But French moves to follow Scandinavian countries in setting up an internal carbon tax on the burning of fossil fuels and tentative moves by the European Commission towards a EU-wide carbon tax have brought the issue to the fore.
Policymakers are worried that high-polluting companies may simply relocate overseas and proceed to sell the high-emission goods back to the region - a process known as carbon leakage.Mr Reinfeldt said the EU was keen to get away from discussions on carbon leakage and border taxes, hoping instead for a comprehensive global deal on carbon emissions in Copenhagen.But if Copenhagen is not ambitious enough it will return,warned the Swedish prime minister.
