THIS DOES NOT SURPRISE ME,THE OBAMA ADMINISTRATION IS FILLED WITH EX GOLDMAN SACHS WORKERS AND NEW WORLD ORDER INSIDERS.(CROOKS)
Goldman Sachs accused of rigging Robin Hood tax vote
FEB 12,10
LONDON (AFP) – Goldman Sachs came under attack from online campaigners on Friday over allegations that one of its computers was used to rig a vote on the imposition of a so-called Robin Hood tax on bankers.The Robinhood Tax campaign claimed that one of the two computers used to spam the Internet poll with no votes on Thursday, belonged to the investment bank.Technical staff for the Robinhoodtax.org.uk said that the website registered more than 4,600 negative votes over a 20-minute period starting at 3.41pm.The number of no votes jumped from 1,400 to 6000 before the site's security was tightened.A Goldman spokesman said the bank had just received this information and is investigating fully.The online campaign -- calling for the introduction of 0.05 percent tax on banking transactions -- has garnered considerable celebrity backing, including Four Weddings and a Funeral writer Richard Curtis and Love Actually actor Bill Nighy.The venture also has the support of groups like children's charity Barnado?s, the The Royal Society for the Protection of Birds (RSPB), the National Union of Teachers (NUT ) and Unite -- Britain's largest trade union.Campaigners say the tax based on Nobel Laureate economist James Tobin?s idea from 1972 has the potentiality to generate 255 billion pounds worldwide annually.
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.
THE DEATH TOTAL IN THE HAITI QUAKE IS CLOSE TO 230,000 DEAD,300,000 INJURED AND 1 MILLION LEFT HOMELESS.
BIBLE PREDICTS EARTH QUAKE - DISEASE IN HAITI
http://www.israelnationalnews.com/Radio/News.aspx/1892
PATHAN TRIBES (ONE OF LOST 10 TRIBES OF ISRAEL)
http://www.israelnationalnews.com/Radio/News.aspx/1925
THE BIBLE TRUE LITERALLY
http://www.wnd.com/index.php?fa=PAGE.view&pageId=124716
Active hurricane season forecast, fears for Haiti by Juan Castro Olivera – Thu Feb 11, 8:55 pm ET
MIAMI (AFP) – The 2010 hurricane season beginning in June will be more active than usual and there is an increased chance that devastated Haiti will be hit by a strong hurricane, US weather experts have said.The 2010 Atlantic hurricane season will be somewhat more active than the average, Colorado State University's (CSU) top hurricane expert William Gray told AFP.He said there was a 49 percent chance that a tropical storm would track close to Haiti this year.Gray's team predicts between 11 and 16 tropical storms will form in the Atlantic this year, up from the average nine to 10.They expect between six and eight of those to become full-fledged hurricanes, by comparison with the usual five to six that gain the designation each year.The team forecasts up to five of those storms will become major hurricanes, reaching the top three categories in the Saffir-Simpson scale, producing wind speeds ranging from 111 to 155 miles (96 to 155 kilometers) per hour.The chance that the Caribbean as a whole will be hit by a major hurricane is 58 percent -- above the normal 42 percent probability of the past century, according to their study conducted in December.Gray said Haiti's vulnerability to a major hurricane this season was not significantly higher than usual.
The average is around 10 to 15 percent that Haiti would be hit any one year, he said, adding that in 2010 the average is a little bit higher now, but not much.On Thursday, Haiti was hit by its first torrential rain since the January 12 earthquake, which killed at least 217,000 people and left more than one million homeless, living in precarious, makeshift camps.The normally weak infrastructure in Haiti is now virtually non-existent, and so a hurricane would be devastating, CSU team researcher Phil Klotzbach told AFP.It should also be pointed out that it does not even take a full-fledged hurricane to do a tremendous amount of damage to Haiti, he added. Tropical Storm Jeanne in 2004 dropped about 12 inches of rain near Gonaives, and over 2,000 people died.For the 2010 hurricane season, we have 49 percent probability of a tropical storm tracking within 50 miles (80 kilometers) of Haiti, Klotzbach said.International relief organizations working in Haiti are already concerned about the onset of the 2010 rainy season on the island, which begins in April.French Red Cross president Jean-Francois Mattei on Thursday warned of the impending disaster the season could bring, including torrential rains, flooding and landslides.The hurricane season -- from June to November -- often brings death and grief to the Western hemisphere's poorest nation, which is practically denuded of its moisture-absorbing tropical forests.In the 2008 hurricane season, Haiti was pounded by four storms that left more than 800,000 people homeless and devastated its agriculture.Last year, Haiti, the Caribbean, and the US mainland were spared from major storms during a relatively calm hurricane season, thanks to the storm-dampening effects in the Atlantic of the El Nino climate pattern. Gray, whose 25 years of studies have made him one of the leading US experts on hurricanes, predicted that El Nino activity will be mostly dissipated by August when we get into the hurricane season,favoring greater storm activity.
Moderate quake hits eastern Cuba
FEB 12,10
HAVANA – A magnitude-5.4 earthquake hit eastern Cuba early Friday, rattling nerves but causing no reported injuries or damage.The temblor hit just after 7 a.m. Friday, centered about 35 miles (55 kilometers) southeast of Baracoa, near the easternmost tip of the island, according to the U.S. Geological Survey. That is just 160 miles (255 kilometers) from Port-au-Prince, Haiti, where a Jan. 12 quake destroyed much of the city and killed countless thousands.Yes we felt it. We felt it strong, said Maira Legra, whose son runs a home offering lodging to tourists in the colonial beach-side city of Baracoa. There was no problem. I was in bed because it was early, but I didn't get up.
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).
I SEE WHY IT OPENS WOUNDS,THE FRENCH ARE SELLING THE RUSSIANS A SHIP THAT THE EU WILL BE NUKING IN THE FUTURE TO PROTECT ITSELF AND ISRAEL FROM THE RUSSIA-MUSLIM ARMY.
DANIEL 11:40
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;(NOTICE MANY SHIPS-WAR SHIPS) and he shall enter into the countries, and shall overflow and pass over.
French warship deal opens wound in EU and Nato
ANDREW RETTMAN 11.02.2010 @ 21:02 CET
EUOBSERVER / BRUSSELS - Lithuania and Latvia have said that France's handling of an arms deal with Russia has breached good faith with its EU and Nato allies and may be in violation of an EU weapons code. We learned [about the deal] from media, Lithuanian defence minister Rasa Jukneviciene told EUobserver in an interview on Thursday (11 February). If our partners would have consulted about the intended sale of the Mistral within EU or Nato this would have certainly enhanced the spirit of solidarity within both organisations.Maris Riekstins, the foreign minister of Latvia, said: We would love to have seen a different sequence of events. We would be in a much better position if we had been consulted beforehand and then there had been a public announcement.France on Monday revealed that it is in advanced talks with Russia to sell a Mistral class warship. The vessel can deploy 900 marines, 40 assault vehicles and 16 helicopters, as well as acting as a floating command centre for 150 military staff. If the deal goes ahead, it would be the first major arms sale by a Nato country to Russia since World War II.The French announcement comes after Russia last September held large scale war games in Kaliningrad and Belarus, described by one Estonian defence analyst as a simulated invasion of Poland and Lithuania.Russian admiral Vladimir Vysotsky at the time said that if Russia had had a Mistral ship during the Georgia war in 2008 it could have won the conflict in 40 minutes.
Lithuania's Ms Jukneviciene plans to raise the Mistral sale at a meeting of EU defence ministers in Mallorca later this month. Latvia's Mr Riekstins denied that he is lobbying Nato to block the deal. But he also called for wider debate before it goes through.We haven't given any particular instructions to our diplomats in Nato to enter into a specific campaign. But an exchange of views in the EU and Nato families, a clarification of the issues on the table, is what should be done, he said. There is no EU law governing arms sales by member states. But in 2008 the bloc adopted a political commitment not to sell weapons or components to countries which violate human rights, pose a risk to regional stability or hurt the security interests of EU allies.The code was signed into life by the French EU presidency four months after the Georgia war. Every EU country is bound by rules regarding the control of exports of arms and dual use technology, Mr Riekstins said.Our lawyers consider that such a sale would allow ambiguous interpretations in regard of compliance with several important criteria of this code, Ms Jukneviciene said. Having in mind the unpredictability of Russian politics, we cannot exclude that this military equipment may be used for illegitimate purposes inconsistent with our values and principles.Karl Kaas, an analyst at the International Centre for Defence Studies in Tallinn, noted that Austrian and Finnish-made sniper rifles have in recent years been used by Russian special forces in Chechnya and Georgia's rebel region of South Ossetia.Otfried Nassauer from the arms control NGO, the Berlin Information-center for Transatlantic Security, said: Surely you could make such an argument [that the Mistral sale would violate the code]. But you would run into the problem of double standards. Germany has sold submarines to Pakistan which could theoretically be used to launch nuclear-armed cruise missiles.
French diplomats and EU officials declined to speak on the record. But one contact said that Russia is not the kind of country which is the target of the code, mentioning North Korea instead. Meanwhile, Estonia, another small post-Soviet republic, which arguably has the worst relations with Russia of any EU state, has opted to stay out of the dispute for now. Technically speaking Russia is qualified as a partner for both Nato and the EU and there are no restrictions in force against arms sales to this country. Thus it could become only a moral or political issue, Estonian foreign minister Urmas Paet told this website.We are not excluding anything but this issue should not become a divisive factor for Nato and the EU.
PLANNED PARENTHOOD ALLOWS ILLEGAL ACTIVITY - VIDEO
http://www.wnd.com/index.php?fa=PAGE.view&pageId=124825
FROM JEROME CORSI'S RED ALERT-Will Israel join the European Union?
Italy's Prime Minister Berlusconi makes proposal in state visit to Jerusalem
February 08, 2010 11:34 am Eastern 2010 WorldNetDaily
Editor's Note: The following report is excerpted from Jerome Corsi's Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Red Alert subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of The Late Great USA, a book about the careful deceptions of a powerful elite who want to undermine our nation's sovereignty.While in Israel, Italy's president of the Council of Ministers, Silvio Berlusconi, proved once again that Italy is one of Israel's most committed allies by suggesting that he would like to see Israel invited to join the European Union, Jerome Corsi's Red Alert reports. At first glance the proposal did not seem to have been made seriously, except that the EU is considering extending membership to Turkey, so why not extend membership to Israel? Corsi wrote. Clearly, Berlusconi's envisioned measures that might prevent Middle East violence from extending into Europe. If the proposal were to advance within the EU, Islamic states would almost certainly respond by launching anti-Italy demonstrations and boycotting Italian-made goods, Red Alert reported.
With the requirement that EU countries not occupy territory that is not recognized as part of its own, Berlusconi could respond that a condition of Israel joining the EU would be for Israel to completely turn over the West Bank as well as the Gaza to the administration of the Palestinian Authority,Corsi noted.Moreover, with the EU nations of Greece, Spain and Portugal about to experience economic collapse over continued high levels of unemployment and unsustainable levels of public debt, the EU could use among its members right now a strong economy such as Israel's.In his visit to Yad Vashim, Jerusalem's Holocaust museum, Berlusconi left an emotional hand-written message saying: Our soul cries out that it is not true, it cannot be true, and then, facing reality, shouts never, never again.The Italian newspapers also pointed out that Israel is considering the purchase of 40 of Italy's most advanced M-346 fighter jets at a cost of over 1 billion pounds ($1.365 billion). Israel's Prime Minister Benjamin Netanyahu responded in kind, stating, Israel has no greater friend than Italy. Berlusconi is also pursuing the sale of 48 M-346 fighter jets to the United Arab Emirates at a cost of 1.4 billion pounds (or $1.9 billion), but so far Italy has refrained from proposing that the UAE should be allowed to join the EU.
During his visit to Israel, Berlusconi also delivered an obvious message to Iran's President Ahmadinejad, saying, We will not close our eyes before a state that wishes to destroy a country that is our friend.Still, Italy remains Iran's second trading partner, behind Germany. In 2008, Italy was responsible for approximately 6.1 billion pounds (or $8.4 billion) in trade with Iran, approximately 25 percent of the total trade conducted between the EU and Tehran. Red Alert noted, Berlusconi won no friends among the Palestinians after his speech to the Knesset in which he claimed Israel was justified in launching rocket attacks in the Hamas-controlled Gaza during December 2008 that killed 1,400 Palestinians. Berlusconi recalled Italy's vote against the United Nations report on Israel's December 2008 Operation Cast Lead against Hamas in the Gaza, in which Israel rejected the report presented to the U.N. Human Rights Council by an independent fact-finding committee headed by the South African prosecutor Richard Gladstone. The so-called Goldstone Report sought to criminalize Israel for responding with military force to the Hamas-launched rocket attacks on Israel from the Gaza. Red Alert's author, whose books The Obama Nation and Unfit for Command have topped the New York Times best-sellers list, received his Ph.D. from Harvard University in political science in 1972. For nearly 25 years, beginning in 1981, he worked with banks throughout the U.S. and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks. In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.
Muted market response to EU Greek pledge
ANDREW WILLIS 11.02.2010 @ 19:31 CET
EUOBSERVER / BRUSSELS - Market reactions were mixed on Thursday (11 February) after the EU issued a political pledge to bail out Greece if needed. Spreads between Greek bonds and the benchmark German Bund narrowed, European shares ended mostly lower, and the euro slid against the dollar in afternoon trading. Earlier in the day, EU permanent president Herman Van Rompuy read out a statement on the steps of the Bibliotheque Solvay library in central Brussels after a two hour meeting with an inner core of EU leader policy makers. Euro area member states will take determined and co-ordinated action if needed to safeguard financial stability in the euro area as a whole, said the former Belgian prime minister. With daily proceedings for the 27 leaders originally scheduled to take place at 10am, but later postponed 12 noon, insiders suggested snow had been used as an excuse to free up a morning slot for emergency talks on Greece. Mr Van Rompuy, European commission chief Jose Manuel Barroso, French President Nicolas Sarkozy, German Chancellor Angela Merkel, European Central Bank president Jean-Claude Trichet and Greek Prime Minister George Papandreou met in private to agree the statement's wording, before later presenting it to remaining EU leaders for approval. But analysts said markets were waiting for clearer details of the bailout plan before reacting. All they've done is throw verbal political support behind Greek efforts, said Brian Dolan, chief currency strategist at Forex.com, reports AP.
Diplomats also suggested greater details would not be immediately forthcoming as there was still some disagreement over the best way to funnel support towards Athens, with the EU statement making clear the Aegean state had yet to request any aid.As the largest EU economy, Germany would be expected to stump up the greatest slice of any emergency funding, but Berlin's hand has been restricted by domestic constitutional requirements. Additionally, there is a problem of perception. Countries such as Ireland, which have implemented a series of tough austerity measures, could take issue if Greece were suddenly handed an easier passage.
EU 2020 Strategy
With Greece taking up much of the allotted time, leaders were restricted to under two hours discussion on the EU's 2020 economic strategy over an extended lunch.
Commission president Jose Manuel Barroso achieved broad support for a paper outlining three EU objectives that should be agreed, he said, if Europe is to return to sufficient and sustainable growth. These include the need to boost research and development in order to step up the bloc's productivity, educational reform to help citizens find jobs, and measures to promote greener growth.Mr Van Rompuy produced a paper on the governance aspects of the proposed 10-year plan, also calling for a limited number of objectives, which should then be transferred into differentiated national targets. EU leaders appear to be shying away from the idea of possible sanctions for those member states that fail to live up to their agreed targets, instead moving in the direction of financial rewards for high achievers. More detailed conclusions on EU objectives are expected at the regular March European summit.
EU sanctions against Iran within days, says minister
VALENTINA POP Today FEB 12,10 @ 09:28 CET
EUOBSERVER / BRUSSELS - The European Union could announce very strong sanctions against Tehran within days or weeks, Finnish foreign minister Alexander Stubb said on Thursday (11 February). Last week, Iran declared itself a nuclear state, prompting the US to call for tougher sanctions.The UN security council should take the lead on sanctions, but if that is not successful we'll do it through the EU. I would estimate, in a matter of days or weeks, Mr Stubb said at a press conference in Ottawa, after meeting his Canadian counterpart.Sanctions would involve a financial embargo and issues related to energy, he said.China and Russia have a veto right in the UN security council and could block efforts spearheaded by the US to adopt tougher sanctions on Iran. This week, Moscow expressed frustration with Tehran over the nuclear dossier. But China is more reserved on the matter.Last Thursday, in festivities marking the anniversary of the 1979 Islamic revolution, President Mahmoud Ahmadinejad announced that his country had begun production of highly enriched uranium in defiance of the West. The head of Iran's atomic energy organisation said the first stock of 20 percent fuel was produced and delivered to scientists, he said in a speech before a crowd of several hundred thousand supporters.Mr Ahmadinejad stressed Iran was now a nuclear state which had nothing to hide and would not be bullied. They [the Americans] want to dominate our region, but the Iranian people will never let them do that, he added.
Iran also turned down an offer brokered by the International Atomic Energy Agency (IAEA) last year to ship uranium out of the country, enrich it and return it for use in medical research.The US doubts that Mr Ahmadinejad's claims are true, but is pushing for tougher sanctions, White House spokesman Robert Gibbs said Thursday. Not taking the IAEA up and its partners up on a very commonsense offer, leads, quite frankly, the world to believe that Iran has other ideas,Mr Gibbs said.As for EU foreign policy chief Catherine Ashton, she has so far kept a cautious line on the possibility of further sanctions. Speaking at an international security conference in Munich last Saturday, Ms Ashton said that the possibilities for dialogue are not exhausted.She did however react to the violent crackdown on opposition protesters in Tehran this week. In a statement issued on Thursday, Ms Ashton said the EU noted with great concern the arrests and violence against opposition leaders.The choices this regime is making vis-a-vis its people and the international community are the wrong ones. No amount of inflated rhetoric can hide that. The regime is letting its own people down; and they deserve better, she said.
Al Qaeda Planned Karni Crossing Attack
by Hana Levi Julian FEB 12,10
(IsraelNN.com) Thursday's air strike by Israel Air force pilots thwarted an intended suicide bombing planned by the international al-Qaeda terrorist organization, according to Israeli military sources.The planes fired rocket-propelled grenades (RPGs) at a squad of terrorists who were preparing to carry out a terror attack near the Karni Crossing, killing one. The joint IDF-ISA (Israel Security Agency, also known as “Shin Bet”) operation eliminated the lead terrorist, a member of Global Jihad, and wounded a second one as well. Military sources said al-Qaeda had masterminded the terrorist operation.Local Palestinian Authority Arab sources claimed the terrorist who was killed in the strike, Fares Ahmed Jaber, was not a Global Jihad member, however. They claimed that Jaber was a member of the al-Quds Brigades, the armed wing of the Islamist Palestinian Islamic Jihad group. Although the group has carried out numerous suicide bombings in the past, there have been no major attacks since 2007, when an operative allegedly connected with the organization blew up a small bakery in Eilat, killing three workers.
Officials in the IDF Southern Command told Prime Minister Binyamin Netanyahu during his tour of the region last month that al-Qaeda would attempt to infiltrate terrorists into Israel disguised as Sudanese refugees. They warned that al-Qaeda operatives are attempting to sneak through the holes in the Egyptian border to set up a terror cell in Israel.One of the three Hamas-linked terrorist groups that combined forces in the attack that led to the kidnapping of IDF soldier Gilad Shalit in on June 25, 2006 was the Army of Islam, led by the Gaza-based Doghmush clan, which is reportedly connected with al-Qaeda. The Army of Islam terror group was also responsible for the March 2007 kidnapping of the British Broadcasting Corporation's (BBC) Gaza City bureau chief Alan Johnston, who was held hostage for nearly four months before he was finally allowed to go free. Gilad Shalit is still being held captive; his condition and whereabouts are unknown.
Terrorists Set Off Bomb Near IDF Patrol; No Soldiers Hurt
by David Lev FEB 12,10(IsraelNN.com)
Israel Radio reported that the other terrorists got away, and that aircraft were patrolling the skies over Gaza, searching for them.On a patrol of the Gaza border fence Friday morning, a Golani unit came across a group of four Gaza Arab terrorists who were placing an explosive device along the fence, apparently intending to detonate it when patrols passed by. The troops opened fire at the terrorists, who began running away – but not before they set off a large explosion. Fortunately, none of the soldiers were hurt in the incident near the Kissufim crossing.Troops continued firing at the terrorists, supported by air power. Reports from Gaza said that one of the terrorists was killed in the battle. Israel Radio reported that the other terrorists got away, and that aircraft were patrolling the skies over Gaza, searching for them.
In a separate incident, Gaza terrorists began firing at IDF patrols in an area east of the Al-Burej refugee camp. None of the Israeli forces were hurt. Troops fired back, reportedly wounding two terrorists. Gaza terrorists also fired a mortar shell at the western Negev Friday morning. No injuries or damage were reported.Friday was the second day in a row that terrorists attempted to attack soldiers along the Gaza border. On Thursday, a gang of terrorists opened fire at IDF soldiers. Soldiers returned the fire, as the terrorists fled into a populated area. Gaza sources said that two people were wounded from the IDF fire. No soldiers were wounded. Israeli planes dropped leaflets on the area, instructing people to remain in their homes, and then began shooting at the gang of terrorists, one of whom was reportedly killed in the battle.
Ahmedinajad: We’ve Upgraded Our Enriched Uranium
by Hillel Fendel FEB 12,10
(IsraelNN.com) The US Defense Secretary says sanctions on Iran are only weeks away, and Russia hints it will join in as well. In honor of the 31st anniversary of the Islamic takeover in Iran, President Mahmoud Ahmedinajad continues to provoke the West, saying his country is proceeding quickly towards nuclear power. Only two days after the announcement that Iran had begun stepping up its enrichment program of uranium from 3.5% purity to 20%, Ahmedinajad told a crowd of tens of thousands that the deed is already done. He said that the 20% uranium has already been delivered to the scientists working on producing nuclear power.
Ahmedinejad: We're Not Afraid of You
The dictator said, though, that Iran does not plan to produce nuclear weapons. If we wanted to make a bomb, we would announce this,he said. Our nation has the courage to say what it means, and we’re not afraid of you [the West].Uranium enriched to a 90% level of purity is necessary for nuclear weapons. Experts say that if Iran can enrich uranium to 20%, it could theoretically proceed and reach the 90% level. The Iranian dictator, whose forces fired at anti-government protestors earlier in the day, said his government has the ability to enrich uranium even to 80%, but we won’t do it, because we don’t need it.The West doesn’t entirely believe Ahmedinajad, and international sanctions against Iran appear to be closer than ever. U.S. President Obama said that Iran is headed towards nuclear arms, and that sanctions are apparently the next step.He insisted that the door for negotiations is still open, however.Russia, too, has implied that sanctions will have to be imposed on Iran, and said that the Western fears of Iranian nuclear weapons are justified. China, however, still objects to sanctions, though less vocally than in the past; its veto on the UN Security Council could thwart the plan to impose them.
Israel Under Threat Again
Meanwhile, Iranian media also reported on Thursday that in a talk with Syrian leader Bashar al-Assad, Ahmedinajad said that should Israel use military force in the region, it must be destroyed.If the Zionist regime makes the same mistakes and initiates a military mission, the Iranian is said to have told the Syrian by phone, there will be an obligation to fight it with the maximum force in order to put an end to it once and for all. He said that Iran has trustworthy information that Israel is planning such a mission.
FROM JOSEPH FARAH'S G2 BULLETIN-New cold war gaining steam-Intel report reveals China's new tone February 12, 2010 12:50 am Eastern 2010 WorldNetDaily
Editor's Note: The following report is excerpted from Joseph Farah's G2 Bulletin, the premium online newsletter published by the founder of WND. Subscriptions are $99 a year or, for monthly trials, just $9.95 per month for credit card users, and provide instant access for the complete reports.
Black Hawk helicopters
LONDON – A secret intelligence report warns a number of Western nations soon could be caught up in a new cold war brewing between China and the United States, according to a report from Joseph Farah's G2 Bulletin. The dispute apparently was sparked by a Washington decision to arm Taiwan with $6.4 billion of state-of-the art weapons systems. The deal includes 60 Black Hawk helicopters, 114 Patriot anti-missile missiles and 12 Harpoon missiles. Now the impact could be felt in Britain as well as Germany, France and other European nations that have substantial trading relationships with China. For the U.K., the slowest nation to recover from global recession, any threat to its business relations with China could be devastating.
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. The threat is contained in a highly confidential report about the U.S. sale to Taiwan and Washington's criticism of China's position on Tibet, climate change, Internet freedom and human rights that has poisoned relationships between the Obama administration and Beijing. The collective views of global industrialists, internationalists, economists and heads of companies who trade with China have been analyzed by MI6 strategists for the intelligence service's political chief, Foreign Secretary David Milliband. Sources close to Milliband say he is alarmed that the Chinese leadership could use the arms sale to Taiwan as a reason to sell a range of its latest weapons to Syria and Iran to kick-start the trading cold war. Both those countries already present strategic problems for Britain and other nations which trade with China. Certainly Britain would strongly object to China arming either country,said a Foreign Office source in London. But the MI6 analysts conclude that senior members of the People's Liberation Army have argued, China must pressure the United States and those countries who trade with China and do not criticize American policies.One of the Beijing leaders, Liu Menxiong, last week insisted, If Washington can arm Taiwan we should be allowed to trade what we like and with who we wish. The North Koreans have stood up to America and nothing has happened to them. And Iran is doing the same. We should support them.
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.
Cold may cut plans for New Year travelers in China
Fri Feb 12, 3:17 am ET
BEIJING – Severe rain and snowstorms may create delays and dangerous road conditions for millions of travelers going home for the Lunar New Year this weekend, China's national meteorological bureau warned Friday.The weeklong Lunar New Year holiday, which begins Saturday, is a time to return home for tens of millions of China's migrant workers who live in the country's cities.Meteorologists urged travelers to closely monitor weather reports during the holiday period for harsh weather that could lead to icy roads and low visibility, according to a report posted on the China Meteorological Administration Web site.China has experienced an especially harsh winter this year, with record-breaking blizzards in China's western regions of Xinjiang and Tibet and to the north in Inner Mongolia and Heilongjiang province.The cold front, which will bring snowstorms to northern China, will continue for one to two days, the report said. Rain is expected throughout southern China.
The weekend is the most important holiday of the year in China. The Ministry of Railways has estimated that 210 million passengers — more than Russia's population — will ride the rails during the 40-day New Year travel season, up 10 percent from the previous year. The holiday officially lasts six days, but many workers take a month off.In 2008, heavy snowfalls and cold weather badly hampered travel during the New Year period, stranding millions of people at train stations. The snow that year was the worst in China in five decades, caused billions of dollars in economic losses and led to the deaths of 100 people.
THESE CLIMATE CHANGE NUTS JUST WILL NOT STOP AS I SAID THE OTHER DAY.
US climate skeptics seize on blizzard by Shaun Tandon – Thu Feb 11, 10:06 pm ET
WASHINGTON (AFP) – US opponents of climate change action are seizing on a record snowfall in Washington in hopes of killing legislation to curb carbon emissions, which already faced uncertain political prospects.Environmentalists have launched a swift counter-attack, pointing out that Olympics host Vancouver is facing a dearth of snow and saying the extreme weather may in fact offer proof, not a rebuttal, of changing climate patterns.With Washington and other eastern cities digging out from the heaviest snow in decades, conservatives have gone on the offensive and mocked leaders who warned about the planet's heating -- in particular, former vice president Al Gore.It's going to keep snowing in DC until Al Gore cries uncle, Senator Jim DeMint, a Republican from South Carolina, wrote on micro-blogging website Twitter.Republican Senator James Inhofe of Oklahoma, a leading climate change skeptic, joined his family in building an igloo on Capitol Hill with signs reading Al Gore's new home and Honk if you love global warming.I know that somebody is going to end up tearing it down, Inhofe said on his blog. Because there are a lot of people who can't take a joke.President Barack Obama sharply changed US policy on climate change when he took office last year. The House of Representatives in June approved the first nationwide plan to force cuts in carbon emissions blamed for global warming.But the legislation has bogged down in the Senate, where Obama's Democratic Party last month lost a seat to a Republican who opposes action on the heat-trapping gases.
Senator John Kerry, the leading force behind the legislation, dismissed suggestions that the snow could bury the bill.The inside-the-Beltway conventional wisdom that this issue has stalled is dead wrong,said Kerry, a Democrat from Massachusetts.
Comprehensive legislation will not only speed economic recovery, but it will put our country on the path to sustainable long-term economic growth, Kerry said.But Senator Charles Grassley, a Republican from Iowa, said he heard Obama tell Democrats the Senate bill would not include a so-called cap-and-trade system -- which would restrict emissions but allow a trade in credits.I think that the chances of that going through are very, very bad, he said, pointing in part to a backlash to the unruly Copenhagen summit in December.Environmentalists accused climate skeptics of misunderstanding the science behind snowstorms.While few meteorologists linked the blizzard directly to climate change, some said it showed the El Nino effect -- where unusually warm sea surface temperatures in the Pacific Ocean move east, pulling rainfall along with them.Jeff Masters, director of meteorology at the Weather Underground website, said that the snow proved little more than that we get pretty darn cold in the winter.If it's cold enough to snow, you will get snow, he said.We still have winter, even though temperatures have warmed on average about one degree Fahrenheit (0.5 Celsius) over the past 100 years.The Obama administration has pledged to move ahead on climate change. It has signed on to an accord from the Copenhagen summit with a pledge to cut US emissions by 17 percent by 2020 from 2005 levels.
A 2007 report by a UN panel of scientists said that human-caused climate change was unequivocally a fact and that it would threaten droughts, floods and other severe weather along with the survival of entire species if unchecked. The IPCC has since come under fire after admitting that one assertion, that Himalayan glaciers were at risk, was unsubstantiated. Leaked emails from the scientists also showed what critics believe are attempts to restrict debate. The IPCC's 'consensus' is slowly eroding away in the face of embarrassing disclosures about the poor quality of data and information it has used to make projections about climate change,Inhofe said. But the panel has stood by the bulk of its work, as have policymakers in most nations.
Eurozone recovery falters, Germany flat By Pan Pylas, Ap Business Writer – FEB 12,10
BRUSSELS – The 16 countries that use the euro barely grew in the fourth quarter, as a modest recovery stalled amid turmoil in financially troubled members such as Greece and a disappointingly flat performance from Germany, the biggest euro economy.
The figures lagged well behind fourth-quarter growth in the United States and raised concerns that Europe could slip back into recession as government stimulus efforts expire and the continent struggles with a government debt crisis in some countries.
Eurozone gross domestic product grew by only 0.1 percent in the last three months of 2009 from the previous three-month period, EU statistics agency Eurostat said Friday.
Export powerhouse Germany turned in zero growth as consumption levels remained weak — reinforcing analysts' thinking that sustained growth in Europe will have to wait until household spending picks up decisively.The eurozone growth figure fell short of expectations for a 0.4 percent increase and stoked worries the eurozone may dip back into recession.The euro took a further battering for the euro on currency markets. By late morning London time, the euro was trading at near nine-month lows $1.3535, a full cent lower than where it was when the German figures came out.
Today's data shows that the recovery in the euro area is a long way off from being self-sustained, said Jorg Radeke, an economist at the Centre for Economic and Business Research.The third quarter increase of 0.4 percent had encouraged hopes that the eurozone recovery would be solid, especially as U.S. growth spiked sharply higher — it was up a quarterly 1.4 percent — during the period and China continues to grow strongly.However, the recovery in the third quarter now appears likely to have been due to temporary factors like government spending boosts, a build-up in inventory levels and car scrappage schemes that pay people to trade in old cars, particularly in Germany.A real concern in the markets now is that upcoming austerity programs in places like Greece, Spain, Portugal and Ireland will continue to depress activity in those countries and further undermine the overall eurozone recovery.
Given the state of the public finances across many euro member states, fiscal tightening may be too early in many of those countries struggling to maintain growth,said Radeke from the Centre for Business and Economic Research.The Eurostat figures clearly showed that the countries most affected by the debt crisis are struggling.Greece, which is in the midst of a debt crisis that made EU leaders to pledge support on Thursday, saw its output shrink by 0.8 percent. Portugal's output was unchanged following two solid quarterly increases, and Spain's economy contracted by a further 0.1 percent as it continues to suffer from its property market collapse and near 20 percent unemployment levels.The third quarter recovery in Italy also proved to be short-lived as the eurozone's third largest economy shrank by 0.2 percent during the period.France, the eurozone's second-largest economy, appears to have been the main reason behind the overall rise in the fourth quarter in the eurozone, as it posted a respectable 0.6 percent increase in output.
The fourth quarter figures cap a miserable economic year — for 2009 as a whole, the eurozone economy, which includes around 330 million people, contracted by a massive 4percent.Though most economists as well as the European Central Bank expect growth this year, it's unlikely to be remarkable, especially as there are signs of underlying weakness in France — much of the growth there in the fourth quarter was due to car sales, which were boosted by the upcoming scaling back of the car scrappage scheme at the end of the year.An anaemic core and a deflating periphery point to weak eurozone GDP growth this year, said Michael Taylor, an economist at Lombard Street Research. As if further proof were needed that the euro area recovery is not going to plan, separate Eurostat figures showed that industrial production plunged 1.7 percent in December from the previous month. The wider 27-country EU, which includes non-euro members such as Britain and Sweden as well as east European countries including Poland and Hungary, saw fourth quarter GDP rise by 0.1 percent, the same as the eurozone.
China raises bank reserve level to cool credit By JOE McDONALD, AP Business Writer – FEB 12,10
BEIJING – China ordered banks Friday to increase reserves for a second time in a month to cool a credit boom without resorting to interest rate hikes that might derail a recovery in the world's third-largest economy.Chinese leaders worry that a stimulus-driven torrent of lending is fueling a dangerous bubble in stock and real estate prices. They also are concerned that the flood of money surging through the economy is adding to inflation.Beijing declared China had emerged from the global crisis after economic growth rebounded to 10.7 percent in the final quarter of 2009. But authorities say the global outlook is still uncertain, and analysts expect them to try to avoid rate hikes even as they start winding down their stimulus.Banks were ordered Friday to increase reserves by half a percentage point — to 16.5 percent for large lenders and to 14.5 percent for smaller institutions. Rural lenders that serve farmers were exempted to guarantee adequate credit for agriculture.The move was in line with expectations that Chinese authorities were trying to control credit and keep the recovery on track, analysts said. But it still sent European bourses and Wall Street stock futures into the red.The message coming out of China in recent weeks has been quite clear — policymakers are becoming more concerned about containing inflationary expectations and managing the risk of asset price bubbles as a result of last year's aggressive expansion of credit, Jing Ulrich, JP Morgan's chairwoman for China equities, said in a report.We have already seen some scaling back of incentives that have spurred record sales in the domestic property sector and authorities have made clear that they will step up scrutiny of property lending to curb overly rapid price gains in some cities.
The government reported Thursday that January bank lending rocketed to 1.4 trillion ($200 billion) — nearly one-fifth of the planned 2010 total. That was despite a Jan. 12 order to banks to raise reserves, also by 0.5 percent, and repeated commands to keep lending at sensible levels.Also Thursday, the government said the rise in housing costs in 70 Chinese cities accelerated in January, jumping 9.5 percent from a year earlier, up 1.3 percentage points from December's growth rate.Land prices surged by 106 percent last year, according to Standard Chartered Bank, and Chinese newspapers are filled with reports of well-heeled investors paying record prices for luxury apartments and villas.Commercial banks have said they will tighten controls on lending.The country's biggest lender, Industrial & Commercial Bank of China Ltd., said this week it will reject loans to real estate and industrial projects deemed too dirty, energy-intensive or unnecessary.Banks are expected to scale back lending to roughly 7.5 trillion yuan ($1.1 trillion) this year, after handing out some 9.5 trillion yuan ($1.4 trillion), the industry's top regulator, Liu Mingkang, said last month.Analysts say Beijing's move in raising reserves while leaving the total loan target for the year unchanged indicates it will let banks lend the full amount but is trying to force them to smooth out lending over the year instead of making the bulk of loans in the first few months as they usually do.On the Net:People's Bank of China: http://www.pbc.gov.cn
Euro slumps to lowest point vs dollar since May
FEB 12,10
LONDON (AFP) – The European single currency slumped close to a nine-month dollar low point on Friday when markets took a dim view of eurozone growth data and half-baked EU proposals to help debt-ridden Greece.Investors also sought the safe-haven dollar after China ordered financial institutions to increase the amount of money they keep in reserve, as Beijing looked to rein in rampant lending amid fears of asset bubbles.
On other world markets, stocks diverged and crude oil prices slid.In late morning trading here, the euro tumbled to 1.3532 dollars, the lowest level since May 19. That compared with 1.3695 in New York late on Thursday.The euro is weakening in response to ongoing market concerns over the eurozone sovereign debt crisis, said Neil MacKinnon, economist at Russian investment bank VTB Capital.Today's eurozone economic data does not help either. To add to the fire, China raised required reserve ratios again, which is putting risk assets under pressure again.Late on Thursday, EU leaders stopped short of offering bailout funds to rescue Greece, a eurozone member. Deep problems in Greek public finances have highlighted the parlous debt of other crisis-hit countries such as Italy and Spain.The union's 27 leaders vowed determined and coordinated action if needed to safeguard the financial stability in the euro area as a whole, but they have yet to provide details of any action.Official data on Friday showed that Europe's economic recovery has stalled, with the heavyweight German economy grinding to a halt in the fourth quarter of 2009 and Italy switching back to contraction.Economic growth in the 16 nations using the euro single currency was a meagre 0.1 percent over the previous quarter compared to 0.4 percent growth in the third quarter, data agency Eurostat said.Gross domestic product (GDP) -- the combined value of all the goods and services produced in an economy -- fell by 4.0 percent last year in the eurozone.
Weaker GDP figures out of Germany and the eurozone has raised uncertainty over the pace of the economic recovery within Europe helping to sap earlier equity gains, said City Index analyst Joshua Raymond.The figures are a bit of a surprise and have raised tension in Europe, that despite yesterday's agreement to help Greece, the economic recovery within the eurozone may be slower than first hoped.In recent weeks, the euro has been plagued by concerns about rocky public finances in the eurozone -- particularly in peripheral members Portugal, Ireland, Italy, Greece and Spain.The prospect of an eventual Greek debt default has stalked markets for weeks, with the cost of borrowing shooting through the roof for Athens.Public finances across the world have taken a hammering from emergency fiscal stimulus measures and bank bailouts to counter recession, and tax revenues have been cut by the downturn.
Without specific detail of any (EU) support package (for Greece), there is risk that the eurozone debt crisis escalates which could easily turn into a currency crisis, MacKinnon warned.Lloyds Banking Group economist Kenneth Broux labelled the EU meeting a political bailout -- and added that next week's upcoming meeting of eurozone finance ministers should clarify matters. The summit was a political bailout and lacked substance on the framework of how assistance would work in practice, Broux said. There simply is no rulebook. I hope and expect the Ecofin meeting next week will fill in the blanks, and this will restore some degree of confidence that has deserted the peripheral EU debt markets.European stock markets diverged near the half-way stage on Friday, with Frankfurt up 0.15 percent, London down 0.42 percent and Paris shedding 0.33 percent. Wall Street had rallied Thursday as sentiment was lifted by the EU pledge to help Greece stave off a debt crisis and better-than-expected US labor market data. In Asia on Friday, markets were generally higher in quiet trade ahead of Sunday's Lunar New Year and the start of a week-long holiday in China. Tokyo finished 1.29 percent higher but Hong Kong fell 0.11 in a late bout of profit-taking. Meanwhile in Beijing on Friday, the People's Bank of China said the deposit reserve ratio would be raised by 50 basis points as of February 25, the second increase since the start of the year. The ratio is the minimum amount of money that banks must keep in reserve and not use for lending or other purposes. The announcement is the latest sign the government is moving to control an explosion in new lending that has raised fears of inflation, economic overheating and a possible rash of bad loans.
Oil prices slide on back of strong dollar
FEB 12,10
LONDON (AFP) – World oil prices plunged on Friday as traders took their cue from the strengthening US dollar and eyed a crucial update on energy stockpiles in the United States, analysts said.New York's main futures contract, light sweet crude for delivery in March, fell 1.64 dollars to 73.64 dollars a barrel.Brent North Sea crude for March delivery plunged 1.48 dollars to 72.64 dollars a barrel.Oil sank after the European single currency fell close to a nine-month dollar low, as markets took a dim view of eurozone growth data and unclear EU proposals to help debt-ridden Greece.
In late morning London trade, the euro tumbled to 1.3532 dollars, the lowest level since May 19. That compared with 1.3695 in New York late on Thursday.A stronger dollar usually dampens demand for oil because it makes dollar-priced crude more expensive for buyers using weaker currencies.While European key players and the IMF will not allow a complete failure of Greece, the euro is likely to remain under pressure from the issue and similar concerns for other countries in the region, said analysts at the JBC Energy consultancy in Vienna.EU leaders stopped short Thursday of offering a bailout to rescue eurozone member Greece. Deep problems in Greek public finances have highlighted the parlous debt of other crisis-hit countries such as Italy and Spain.Investors also sought the safe-haven dollar after China ordered financial institutions to increase the amount of money they keep in reserve, as Beijing looked to rein in rampant lending amid fears of asset bubbles.The development was an additional concern for the oil market because China is the world's second biggest energy consuming nation after the United States.Later Friday, traders will digest a key US inventories report for the week ending February 5. The report, usually published on Wednesdays, was delayed due to a snowstorm in the northeastern US.This week, crude futures have edged higher as investors mulled the prospect of EU financial support for crisis-hit Greece -- and as the US east coast experienced its second huge snowstorm in less than a week.The International Energy Agency forecast on Thursday that world oil demand and prices would rise this year, driven higher by strong growth in emerging economies, revising upward its earlier forecasts.
The Paris-based agency said demand was now expected to be 86.5 million barrels per day in 2010 compared to a forecast last month of 86.3, while average prices will rise to 75 dollars per barrel from 58 in 2009.Global daily demand is now estimated at 84.9 million barrels per day (mbd) in 2009, and thus the IEA is predicting a 1.6-mbd increase.Demand growth is expected to come entirely from outside the Organisation for Economic Cooperation and Development (OECD), a grouping of 30 developed economies including Britain, France, Germany, Japan and the United States.
Afghans plea for quick, careful attack on Marjah By NOOR KHAN, Associated Press Writer – FEB 12,10
KANDAHAR, Afghanistan – Tribal elders in southern Afghanistan pleaded Friday for NATO forces to wage their imminent offensive on the Taliban stronghold of Marjah quickly and carefully to protect civilians in and around the town.The group of 34 elders said in a letter to provincial officials that their people are frightened and worried they won't be watched after, according to Abdul Hai Agha, an elder from Marjah.We said in this letter that if you are doing this operation in Marjah, do it quickly,Agha told The Associated Press by phone from the nearby provincial capital of Lashkar Gah. They also urged the troops to do their best to avoid civilian casualties during the assault and have food and shelter ready in nearby towns for refugees.U.S. and Afghan forces have ringed Marjah, sealing off escape routes. On Thursday, Taliban defenders repeatedly fired rockets and mortars at units poised in foxholes along the edge of the town, apparently trying to lure NATO forces into skirmishes before the big attack.The offensive in Helmand province — the largest in the nine-year Afghan war — has been telegraphed for weeks. Military officials have said they hope advertising the assault would give civilians more time to get to safety but many of the elders say they're now stuck in a terrifying limbo — unsure how soon the attack will start but certain it will be devastating when it does.
NATO forces have estimated 125,000 people live in the fighting zone. Civilian deaths during military operation are a hot-button issue in Afghanistan, and U.S. commanders have issued strict orders to limit the use of force when civilians are at risk.
Provincial spokesman Daoud Ahmadi said the governor's office had received the letter and that many of the requested measures were in place.We have arranged space for 7,000 families in nearby towns, along with food and items like blankets and dishes, Ahmadi said. He said about 450 families — an estimated 2,700 people — have already sought refuge in Lashkar Gah, about 20 miles (30 kilometers) northeast of Marjah. Many of them took up with relatives but more than 100 were being sheltered by the government, he said.On Friday, the road between Marjah and Lashkar Gah was clogged with cars and trucks filled with people fleeing ahead of the assault, according to AP Television News footage. Many said they had to leave quickly and secretly to avoid recrimination from Taliban commanders.We were not allowed to come here. We haven't brought any of our belongings; we just tried to get ourselves out, said an elderly woman in a black headscarf who was on a minibus with three of her sons. Bibi Gul said she had three more sons she had to leave behind.Others said they had to wait to leave when Taliban commanders weren't watching.Police searched the vehicles for any signs of militants, in one case prodding bales of cotton with a metal rod in search of hidden weapons.The plea from elders came a day after Afghanistan's interior minister met with about 300 tribal leaders in Lashkar Gah to explain the goals of the operation and ask for their support.It was unclear whether the government's dialogue with elders had delayed the start of the offensive.
During the meeting, Helmand's governor urged the elders to use any connections they have with Taliban fighters in and around Marjah to ask them to lay down their weapons and come over to the government side.Gov. Gulab Mangal asked the elders to use any avenue you have, direct or indirect, to tell the Taliban who don't want to fight that they can join with us, according to the chief of Helmand's provincial council, Mohammad Anwar Khan.On their side, the elders begged for limited use of air strikes because of the potential for civilian deaths, Khan said.It was unclear whether the governor's plea was likely to lead to action. Another one of the elders at the meeting, Mohammad Karim Khan, said he would not dare to start going up to Taliban in his area and telling them to give up their guns to the government. We can't talk to the Taliban. We are farmers and poor people and we are not involved in these things like the politicians are, said Khan, who is not related to the provincial council chief. But one of the main drafters of the letter to government officials said he and some others had been reaching out to local Taliban commanders.
We have talked to some of the Taliban over the phone and we have told them: This is your country. Don't create problems for your fellow Afghans and don't go on a suicide mission,said Abdul Rehman Jan, an elder who lives in Lashkar Gah. However, Jan said they don't expect to be able to bring anyone in because most of the Afghan Taliban have already fled the area. Militant commanders from the Middle East or Pakistan have stayed on and they want to fight,Jan said. In the east, meanwhile, villagers accused a joint Afghan-NATO force of killing civilians during an overnight raid in Paktia province. NATO said it killed several insurgents on the compound and troops found the bodies of two men and two bound-and-gagged women when they searched it. Afghan officials in Paktia said they are investigating the deaths of five people in a home near the provincial capital of Gardez. Police Chief Gen. Azizudin Wardak said the five — two men and three women — were killed Thursday night during a party. One man worked for the police and another worked for the attorney general's office, he said.
Who killed them? We still don't know,he said. Also in Paktia province, the Taliban claimed responsibility for a suicide bombing on a U.S. military base Thursday that injured five Americans. The base is 400 miles (640 kilometers) northeast of Marjah.
Associated Press Writer Amir Shah contributed to this report from Kabul. (This version CORRECTS Corrects that Agha is from Marjah, sted Nad Ali in graf 2. ADDS at least one elder talking to Taliban, investigation into deaths in Paktia. AP Video.)
Iran supreme leader lauds state rally, warns West By NASSER KARIMI, Associated Press Writer – FEB 12,10
TEHRAN, Iran – Iran's supreme leader praised the mass turnout at the government-backed rally marking the 1979 Islamic Revolution and warned the West to stop putting obstacles in his country's path, state Press TV reported Friday.Ayatollah Ali Khamenei thanked the tens of millions across the country who celebrated Thursday's anniversary, saying the turnout at rallies reflected the nation's strength.During Thursday's anniversary celebration, security forces clamped down hard on scattered anti-government demonstrations in the Iranian capital.Police clashed with opposition activists, firing tear gas to disperse them and paintballs to mark them for arrest. Groups of hard-liners also attacked senior opposition figures — including the wife of the head of the reform movement.The massive government rally in central Tehran dwarfed the opposition gatherings, which were far smaller than other outpourings of dissent in recent months. Still, Thursday's events showed authorities must rely on full-scale pressures to keep a lid on demonstrations.Khamenei said Thursday's rally should be a wake-up call for the domestic enemies and deceived groups who claim to represent the people.He blasted the West, saying it was time for foreign enemies to abandon futile efforts to subjugate Iran.The past 31 years are not enough to awaken a few arrogant and bullying states to their futile efforts to dominate this Islamic nation,said Khamenei, who has final say on all state matters.
The authorities had worried ahead of the anniversary that any significant protests or clashes would be seen as a major embarrassment on a day intended to showcase national achievements and unity.An array of riot police, undercover security agents and hard-line militiamen — some on motorcycles — had fanned out across Tehran on Thursday in what appeared to be the largest deployment since the post-election mayhem.Hard-liners and security forces prevented opposition leader Mir Hossein Mousavi and his wife, Zahra Rahnavard, from attending an opposition gathering. Plainclothes Basij militiamen beat the 65-year-old Rahnavard with clubs on her head and back until her supporters formed a human ring around her and whisked her away, according to Mousavi's Web site.Hard-liners also attacked the car of another opposition leader, Mahdi Karroubi, and smashed its windows.Karroubi's son Taghi said his brother Ali, 36, was detained by security forces on Thursday and badly beaten. He was later released and the family took him to a hospital in serious condition, suffering from internal bleeding and a broken arm.He was severely tortured. They beat him to the verge of death, said Taghi Karroubi, speaking Friday on the phone to a reporter outside Iran.However, Thursday's clashes were significantly less violent than previous opposition protest in late December, when eight people died and hundreds were arrested.Authorities also jammed the Internet and mobile phones to disrupt the opposition. In Tehran, Internet speeds dropped dramatically and e-mail services such as Gmail were widely blocked.Three major international broadcasters condemned Iran over its deliberate electronic interference in their broadcasts.
The BBC, Deutsche Welle and Voice of America said in a joint statement the jamming began Thursday. They said Iran was broadcasting freely around the world while denying its own people programs coming from the outside.Iran's elite Revolutionary Guard, which was in charge of security for the rally, issued a statement Friday echoing Khamenei's words and saying the anniversary showed the will of the nation could not be defeated and is strong as steel.The government has regularly accused the U.S. and Britain of fomenting Iran's unrest. It has put more than 100 opposition activists and figures on trial since August on charges of fomenting the postelection turmoil. Ten have been sentenced to death and dozens to prison terms ranging from six months to 15 years. In a nationally televised address from the anniversary gathering, President Mahmoud Ahmadinejad defied the West and boasted that Iran has become a nuclear state. He dismissed new U.S. sanctions and denigrated President Barack Obama's efforts to repair relations. Ahmadinejad said Iran has produced the first batch of 20 percent enriched uranium — sufficient strength to power Iran's research reactor — though he did not say how much uranium had been enriched. Such a process has been at the heart of a U.N.-drafted proposal to provide Iran with reactor-ready fuel in exchange for its stockpile of low-enriched uranium. Iran has repeatedly blocked the plan with conditions and caveats. The announcement of the higher-enriched uranium adds to Western worries that Iran has long-term goals to develop nuclear arms — even though it is still below the 90 percent-plus level needed for a weapon. Iran denies the accusation and insists it only seeks to produce energy and medical isotopes. Associated Press Writer Scheherezade Faramarzi in Beirut contributed to this report.
I WONDER COULD IRAN BE READY TO SHOOT AN ELECTRO MAGNETIC PULSE BOMB IN THE AIR OVER AMERICA TO CRIPPLE IT.ONLY TIME WILL TELL WAS THIS STORY A TEST RUN.IRAN MIGHT BE LEADING AMERICA ON WITH THE URANIUM SCARE WHILE SECRETLY GETTING AN EMP IN A ROCKET TO DESTROY AMERICAS ECONOMY.
Iran accused of jamming foreign broadcasts
FEB 12,10
LONDON (AFP) – Three international broadcasters on Friday accused Iran of deliberately jamming their output.
Britain's BBC, German broadcaster Deutsche Welle and the Voice of America said the interference began on Thursday as Iran celebrated the anniversary of the 1979 Islamic Revolution.They accused Iran of broadcasting freely around the world while denying the Iranian people programmes coming from outside the country.BBC World News was the latest TV channel to be jammed this week.We condemn any jamming of these channels, said a joint statement by Peter Horrocks, Director of BBC World Service, Erik Bettermann, Director of Deutsche Welle and Dan Austin, Director of Voice of America.It contravenes international agreements and is interfering with the free and open flow of international transmissions that are protected by international treaties.The jamming violates article 45 of the constitution of the International Telecommunication Union that prohibits signal interference and we look to the international regulatory community to take a firmer stance on this deliberate act of jamming.The broadcasters called on satellite operators and regulators to take urgent action to put pressure on Iran to stop this activity.
The Iranian authorities are using the same satellite services to broadcast freely around the world including broadcasts in English and Arabic; at the same time they are denying their own people programmes coming from the same satellites from the rest of the world, they added.BBC Persian, the corporation's London-based Farsi-language TV channel, has angered Iranian authorities by broadcasting interviews and comment from opposition supporters.The contested re-election of President Mahmoud Ahmadinejad in June sparked the most serious unrest in Iran since the 1979 Islamic revolution.The leader of prayers in Tehran on Friday insisted the Iranian people were putting on a show of solidarity for the Islamic revolution anniversary despite the attempts of enemies to wreck the event with protests.
Greek PM says EU took too long to show support by ELENA BECATOROS, Associated Press Writer – FEB 12,10
ATHENS, Greece – Greek Prime Minister George Papandreou on Friday criticized the European Union as timid and too slow to express unified support for his country during its financial crisis, a day after Greece won backing — but no detailed bailout plan — at an EU summit.Speaking during a Cabinet meeting on his return from the meeting Thursday in Brussels Papandreou said that while the country had received a statement of support, delays and conflicting statements over the past few months had made things worse.In the last few months of this crisis, the EU gave its political support. There is also institutional support of our program, Papandreou said during the Cabinet meeting.But in the battle against the impressions and the psychology of the market, it was at the very least timid, he said.For what the future holds regarding the crisis there were, in the last months in the EU, multiple voices, differences and diverging statements. Speculation about our country which created a psychology of imminent collapse. Prophesies which risked becoming self-fulfilling.
Greece's debt crisis has plunged the euro, the currency used by 16 EU nations, into the worst turmoil it has seen since it was launched 11 years ago. Papandreou, who took office in October, blamed the previous government's criminal policies for falsifying statistics that meant the incoming Socialists had to revise the budget deficit figures to 12.7 of economic output for 2009, far above the 3.7 percent estimated the previous spring.The markets have hammered Greece in recent weeks, pushing up the spreads, or difference between 10-year Greek bonds and a the German benchmark bonds which measure the market's perception of a risk of default. Greece's problems have also weighed on the euro.There was a lack of coordination between the various bodies of the Union, the Commission, the member states, the European Central Bank. Even differing opinions within those bodies, Papandreou said, adding that there were divergent opinions as to what should be done: multiple doctors with differing prescriptions over the patient that is Greece.On Thursday in Brussels, the 16 eurozone countries promised to take determined and coordinated action, if needed, to safeguard financial stability in the euro area as a whole.But they left out any detail about what they might do to prevent the country from defaulting on its massive debt, and markets reacted coolly. The spreads on Greek 10-year bonds rose to 2.98 percentage points Friday afternoon, up from about 2.70 percentage points on Thursday night, but still down from 3.5 percentage points the week before. The Athens Stock Exchange was down 1.98 percent in late afternoon trading.Papandreou's government has announced an austerity program that includes freezing civil servants' salaries, cutting bonuses and stipends and hiking taxes and the average retirement age by two years to 63. Unions have responded with strikes, although turnout for protest marches during a civil servants' strike on Wednesday was low.
Papandreou said that Greece faced a long road to recovery.This battle isn't over, he said during the Cabinet meeting. I would say it's just beginning, with an important decision by the European Union to support the efforts of Greece, to support the eurozone.French Finance Minister Christine Lagarde said the moment of truth for Greece will come in March and that the European Union and IMF will be watching closely to make sure Athens fulfills its promises to pay off debts.Asked whether European finance ministers would firm up details of possible aid to Greece at a meeting Monday, Lagarde said in an interview on French radio RMC, We will discuss it without doubt. She would not elaborate.Greece will need financing in the spring. We have an appointment in March to see whether they have done what they said they would do. It will be a moment of truth, she said.Greece will report back to EU nations in March on progress on its debt-fighting measures, and based on that progress, the EU and the European Central Bank could order tougher action that Greece may find difficult to implement. The EU is seeking help from International Monetary Fund experts to make that March assessment.Lagarde said it was important that we recognize, without seeking IMF financing, that we say there are people whose job it is to go and verify that plans are respected, that measures are taken, and that we will use their expertise in the field to see whether the Greeks are doing what they committed themselves to or not.Associated Press writer Angela Charlton in Paris contributed to this report.
France does not believe Iran's nuclear claim
Fri Feb 12, 6:01 am ET
PARIS – France does not believe Iran's claim that it is capable of enriching uranium to near weapons-grade levels, the country's foreign minister said Friday.Bernard Kouchner told Europe 1 radio that the Americans don't believe, not any more than us, that Iran is currently capable of enriching uranium to 80 percent.But Iran's claim adds to the dangerousness of the situation, he said.Iranian President Mahmoud Ahmadinejad said this week that Iran has the capacity to enrich uranium more than 20 percent or 80 percent but that it doesn't intend to build a bomb. A 90 percent-plus level is needed for a weapon.White House spokesman Robert Gibbs said Thursday that Iran's leadership has made a series of statements about its nuclear prowess based on politics, not physics. We do not believe they have the capability to enrich to the degree to which they now say they are enriching, he said in Washington.Still, the Obama administration said such claims were still disturbing and fed fears that Iran's long-term goal is to make nuclear weapons.Iran says its nuclear program is for energy and medical isotopes.France has joined the United States in pushing for a new, fourth round of sanctions against Iran for defying U.N. demands to suspend uranium enrichment. Kouchner said France is working now to persuade China, Brazil and other U.N. Security Council members to back new measures.
Shah's son wants help for Iran's opposition By ELAINE GANLEY, Associated Press Writer – Thu Feb 11, 9:33 pm ET
PARIS – Reza Pahlavi, whose father, the shah of Iran, was toppled from power 31 years ago, said Thursday the international community must step up its support for Iran's opposition movement and stop focusing on the country's nuclear program.In an interview with The Associated Press, Pahlavi said nations such as the United States should not even bother with a new round of sanctions regarding Iran's nuclear program, if punitive measures merely maintain the status quo.Instead, he suggested the kind of encouragement that helped end South Africa's apartheid system and influenced the breakup of the Soviet Union.Pahlavi, 50, said that should include dialogue with Iran's opposition, which has kept up periodic street protests in the country since the disputed June presidential elections despite a fierce crackdown.
He also said the opposition needs outside technological support to beat government eavesdropping and Internet crackdowns in Iran, and to stay connected with the outside world.The world is facing a regime today that is totalitarian, racist, fascist, and yet what has been done about it? he said in Paris during a visit from the U.S., where he lives outside Washington D.C.To this day no one has officially said ... enough is enough, he said.As he spoke, Iran celebrated the birth of the Islamic Republic in 1979 and the overthrow of Pahlavi's father, the late Mohammed Reza Pahlavi.The shah's son said Western leaders must reach out to Iran's opposition movement, but instead they have displayed bashfulness,hesitancy or even passivity.
He criticized what he called President Barack Obama's tepid outreach to the Iranian people and their exiled opposition.He noted that 40 Nobel Prize winners appealed to Obama and other world leaders this week in a New York Times ad to let the Iranian people know that we are on their side.I never thought I would see the day when Joan Baez sings ... in Farsi, Pahlavi said, referring to the folk singer's recent version of We Shall Overcome — sung partially in the Iranian language.For God's sake, it has become an international cry going unheeded by world leaders.Pahlavi recommended tacit dialogue with Iran's opposition and diplomatic outreach to isolate the regime.
Iranian officials claim foreign powers are behind the country's reform movement, but Pahlavi insisted that is not correct.Western nations are pressing for a possible fourth set of U.N. sanctions on Iran for its failure to comply with U.N. resolutions aimed at guaranteeing it cannot produce nuclear weapons.Pahlavi said a window of opportunity may slip away while the world is dilly-dallying over sanctions, instead of focusing on issues such as human rights abuses in Iran.External sanctions against the regime do not suffice. You have to bring into your calculation ... an element of pressure from within, he said. And the only way (to) do that is by strengthening the hand of the people inside the country.If sanctions are going to be all you're going to be doing while keeping the status quo, don't even bother, he said. Pahlavi said he wants to see a peaceful transition, via civil disobedience, to a parliamentary democracy with a clear separation of religion from government.He said he favors a referendum so Iranians can choose their form of government, and he predicted change could come within a matter of months — if not maybe a couple of years tops — if society is empowered and dialogue not limited to the regime. Nothing bars the world from having a line of dialogue with the opposition and that, strangely, has been absent,he said. The level of support that Pahlavi or other exiled opposition movements have inside Iran today is unclear. Three decades after the Islamic Revolution, Iranian youth, the majority population, has never known the country as a monarchy. Last month, authorities hanged two men convicted of belonging to outlawed monarchist groups and plotting to overthrow the Islamic regime.
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.
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.
Mexico prez presents new plan for violent city By ALICIA CALDWELL, Associated Press Writer – Thu Feb 11, 11:32 pm ET
CIUDAD JUAREZ, Mexico – Relatives of youths killed in a recent massacre interrupted and jeered President Felipe Calderon as he pledged Thursday night to spend more on social programs to curb runaway drug gang violence in this border city.If you had a son killed, you would have looked for the murderer even under rocks, a sobbing Luz Davila, whose two teenage sons were among 15 killed in the Jan. 31 attack, told Calderon.But I don't have the resources.Inside a convention center, Calderon said the government will invest in sports centers for youths, more schools and day care centers and provide financial aid to 25,000 families living in poverty. He was widely criticized for not visiting Ciudad Juarez sooner after the massacre, in which gunmen burst into a party and opened fire with automatic weapons.Many of the victims were teens with no known criminal ties, and the attack outraged even hardened residents of Juarez.Police have arrested two men in the attack. One of them, told investigators that drug cartel gunmen went to the neighborhood looking for a member of a rival gang but that once they arrived they were ordered to kill everyone.
Those listening Thursday demanded the president do more to stop the wave of violence that killed more than 2,300 people last year. The bloodshed has the city of 1.3 million people across the border from El Paso, Texas, one of the world's deadliest metropolises.Outside the meeting, police dragged away dozens of demonstrators demanding that Calderon resign. The protesters held signs reading Calderon out! Police forced them across the street, shoving them through muddy puddles.Calderon also met privately with relatives of some of the youths killed in the massacre and apologized for initially saying the attack was a result of a fight between rival drug gangs.Whatever may have been the meaning of my words, I offered the parents my most heartfelt apology if any of my words offended them or the memory of their children, he said afterward.When Calderon referred to the apology at the public meeting, a group of women stood up and turned their backs to the president.Human rights activists at the meeting demanded the army leave Juarez, saying soldiers have abused their power and gone after scapegoats. But Calderon again said he won't withdraw troops despite criticism that their presence has exacerbated violence.If I were certain that withdrawing the Mexican army would end the violence in Juarez, be sure that I would do it. But I'm afraid the opposite would happen, Calderon said.
Calderon has deployed 5,500 soldiers to Ciudad Juarez trying to stop vicious gangs battling for drug-dealing turf and lucrative trafficking routes into the United States, but violent crime has surged.The president said 400 federal agents will focus on investigating kidnappings and extortion in the city.Businessman Manuel Ortega said thousands of Juarez businesses have closed because of extortion. Juarez won't be able to stand another year like last year,he said.Calderon urged Ciudad Juarez residents to let him know of ways to improve on his proposal and said he would return next week.Mexico's government has arrested or killed the leaders of several drug cartels, but drug-related killings have continued. More than 15,000 have died since Calderon launched his crackdown in December 2006.Also Thursday, federal police arrested a rural strongman who allegedly led a group of marijuana and opium poppy growers in southern Guerrero state who sold their crops to the Sinaloa and La Familia drug cartels. The Public Safety Department said in a statement it arrested Rogaciano Alba as he drove near the western city of Guadalajara. It said Alba had been hiding in the state of Jalisco with the help of the leaders of the Sinaloa cartel. Alba hadn't been seen since gunmen killed 17 of his relatives and associates in two attacks in Guerrero state in 2008. Until recently, Alba was the most powerful man in Petatlan, a mountain town near the resorts of Ixtapa and Zihuatenejo, known for drug trafficking and illegal logging.
IF ITS A GODLESS NATION OBAMA IS THE FIRST TO TALK WITH IT.NO DOUBT ABOUT IT.ESPECIALLY MUSLIM NATIONS.OR AMERICA HATERS.
Report: NKorea's top nuclear envoy to visit US By KWANG-TAE KIM, Associated Press Writer – FEB 12,10
SEOUL, South Korea – A top North Korean nuclear envoy will visit the United States for rare bilateral talks next month, a news report said Friday as diplomats pushed to revive negotiations on ending Pyongyang's nuclear program.Plans call for North Korea's Kim Kye Gwan to travel to the U.S. in March, South Korea's Yonhap news agency reported from Beijing, citing an unidentified source. In Washington, State Department spokesman Fred Lash said late Thursday that he had not seen the report.
U.N. political chief, B. Lynn Pascoe, said after concluding a four-day trip to North Korea on Friday that he was unaware of plans for Kim to travel to the U.S.North Korea, believed to have enough weaponized plutonium for at least half a dozen atomic bombs, walked away from disarmament-for-aid negotiations last year during a standoff over its nuclear and missile programs.However, after tightened sanctions and financial isolation, the impoverished nation has reached out to Washington, Seoul and Beijing in recent months.Pascoe, the highest-ranking U.N. diplomat to visit North Korea since 2004, said he met with North Korea's president and foreign minister and argued strongly that the six-party talks should be resumed without preconditions or further delay.However, the North Korean side did not seem prepared to immediately return to the international disarmament talks, he said.The attitude right now as I said is that certainly they were not happy with the sanctions and they were certainly not eager, not ruling out but not eager, to return to the six-party talks, said Pascoe.Pascoe said he was reluctant to describe the North Korean position in any more detail because the U.N. is not directly involved with the negotiations.The disarmament talks involve the two Koreas, the U.S., Japan, Russia and host China.A bilateral meeting between the North Korean envoy and U.S. officials would be a strong sign that the push to get the disarmament talks back on track was gaining traction. It would also confirm a warming in relations between the U.S. and North Korea, wartime rivals that do not have diplomatic relations.
Earlier, spokesman P.J. Crowley said U.S. officials haven't ruled out future meetings with the North Koreans, but we believe firmly that the next meeting that U.S. representatives and others should have with North Korea is through a formal six-party meeting.North Korea wants sanctions eased and a peace treaty with the U.S. formally ending the 1950-53 Korean War if it returns to the six-party talks. Seoul, Tokyo and Washington have all urged Pyongyang to return to the disarmament talks and show progress on denuclearization before any discussions on a peace treaty or sanctions.Associated Press writers Hyung-jin Kim in Seoul, Alexa Olesen in Beijing and Edith M. Lederer at the United Nations contributed to this report.
I WRITE NEWS ABOUT AND PUT NEWS ARTICLES ABOUT ISRAEL AND JERUSALEM PERTAINING TO BIBLE PROPHESY HAPPENINGS.JOEL 3:20 But Judah (ISRAEL) shall dwell for ever, and Jerusalem from generation to generation.(THATS ISRAEL-JERUSALEM WILL NEVER BE DESTROYED AGAIN)-WE CHRISTIANS ARE ALL WAITING PATIENTLY FOR THE PRE-TRIBULATION RAPTURE TO OCCUR.SO WE CAN GO TO JESUS AND GET OUR NEVER DYING BODIES.SO WE CAN RULE OVER CITIES OURSELVES.WHILE JESUS RULES FROM DAVIDS THRONE FOREVER IN JERUSALEM.
IMPORTANT LINKS
- 2-STRONG MAN BEHIND THE SPIRIT.
- 2024 CANADA PREDICTIONS.
- ABORTION IS MURDER OF A GENERATION OF CHILDREN.
- BEHOLD ISRAEL-AMIR TSARFATI
- BIOLOGICAL WEAPON COVID STARTED IN 1965.
- CBN NEWS
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- ELIJAH & MOSES PREACH 3 1/2 YEARS
- EU'S 10 POINT PEACE PLAN.
- FOX NEWS
- FROM NEBUCHADNEZZAR TO TODAY.
- HOLY TEMPLE MYTH 1
- HOLY TEMPLE MYTH 2
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- I ASKED AI LEADER QUESTIONS.
- ISRAEL AND EUS HISTORY TO END OF TRIBULATION.
- ISRAEL BIRD MIGRATION 2
- ISRAEL BIRD MIGRATION 3
- ISRAEL BIRD MIGRATION.
- ISRAEL DEFEATES ALL ENEMIES.
- ISRAEL RADIO
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- JEWISH FEASTS - HOLIDAYS - HOLY DAYS.
- LATEST MUSLIM SCAM READERS DIGEST
- LAURA-LYNN TYLER THOMPSON
- MARK LEVIN (TRUTHS)
- MY 12 YR BAN ON GAY FLAG IN OWENSOUND
- MY 7 YR PEACE TREATY SITE
- MY END TIME SCENARIO.
- MY MOHAWK HARNESS PREDICTIONS
- MY NHL HOCKEY STATS SITE
- MY TWITTER SITE
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- NEW WORLD ORDER BY ME
- NTEB
- REBEL NEWS
- SHOTS ARE GENE THERAPY.
- SHROUD OF TURIN
- THE GATEWAY PUNDIT
- THE LAST GENERATION
- TIMES OF ISRAEL NEWSFEED
- WAR IN HEAVEN REV 12
- WERE ISLAM WILL BE BURIED 300 MILLION.
- WHOS LAND IS IT (2)
- WHOS LAND IS IT (3)
- WHOS LAND IS IT? (1)
- WHOS LAND IS IT? (4)
- WHOS LAND IS IT? (5)
- WHOS LAND IS IT? (6)
- WOKE CULTURE IS MAOISM IN CANADAS CHARACTERISTICS
- WW3 THE WAVES.
Friday, February 12, 2010
Thursday, February 11, 2010
2010 DOLLAR TO DEVALUE 30-50%
TO LISTEN TO THE SHOW ABOUT L.W NWO FRIEND
http://messiahsbranch.org/radio_archives.htm
DUBAI HOLDINGS
http://en.wikipedia.org/wiki/Dubai_Holding
DERIVATIVES MARKET
http://www.wisegeek.com/what-is-a-derivative-market.htm
https://startpage.com/do/metasearch.pl?query=what+is+a+derivative&cat=web&pl=ie&language=english
http://www.investopedia.com/study-guide/cfa-exam/level-1/derivatives/cfa1.asp
LINDSEY WILLIAMS WAS TALKING TO HIS NWO FRIEND AGAIN AND HIS FRIEND SAID IN 2010 THE AMERICAN DOLLAR WILL DEVALUE 30-50%,THE NWO GRADUALLY WANT YOU TO BECOME THEIR SLAVES OR THEY WOULD CRASH THE DOLLAR THIS YEAR.SO GET READY FOR SKYROCKETING FOOD PRICES THIS YEAR AND BIGTIME,INFLATION,DEFLATION.
DUBAI WORLD HOLDINGS THAT DEFAULTED ON BILLIONS OF DOLLARS OWNED COMPANIES AND BANKS WORLDWIDE.WITH THE DEFAULT OF DUBAI WORLD HOLDINGS,ANYTHING YOU DO WITH A BANK WILL BE TAKEN FROM YOU AS THE $150 TRILLION WORLDWIDE DERIVATIVES MARKET WILL BE COLLAPSING.THE WORLDS BANKS ARE ON THE VERGE OF COLLAPSING DUE TO THE DERIVATIVE COLLAPSE WHICH DUBAI WORLD DEFAULTED ON BECAUSE DUBAI WORLD HAD ALL THEIR FAITH IN DERIVATIVES AND NOW DUBAI WORLD HAS DEFAULTED.
THE NWO WILL HAVE A WAR WITH IRAN IN A YEAR AND A HALF.THE NWO WILL START THE WAR IN THE MIDEAST.THE BIBLE SAYS THE 3RD WORLD WAR WILL START AT THE EUPHRATES IN IRAQ OR SYRIA,SO THE NWO WILL START THE 3RD WW BY THE EUPHRATES RIVER LIKE THE BIBLE SAYS.
THE NWO GUY SAID THE HEALTHCARE BILL IS JUST A BILL FOR THE GOVERNMENT TAKEOVER AND CONTROL OF ITS CITIZENS.GOVERNMENT DICTATORSHIP,MARTIAL LAW.
THE NWO GUY SAID CHINA WILL BE THE ECONOMIC LEADER AND AMERCA WILL BE A 3RD WORLD COUNTRY DUE TO THE DEVALUED DOLLAR.THE NWO BANKS WILL BE OWNING ALL YOUR PROPERTY IF YOU DO NO OWN YOUR PROPERTY BECAUSE THE DEVALUED DOLLAR WILL FORCE PEOPLE INTO BANKRUPTCY AND NOT BEING ABLE TO PAY THEIR BILLS,MORTAGES ETC.
AS OF 10:30AM ON FEB 11,10,IRANS THREAT TO AMERICA AND ISRAEL IS HOT AIR JUST LIKE AHMADINEJAD AND HIS NUTCASE LEADERS.
CME to own 90 percent of Dow Jones joint venture
Wed Feb 10, 5:57 pm ET
NEW YORK (AFP) – CME Group, the giant derivatives marketplace, will own 90 percent of a new joint venture with Dow Jones & Co. that will own the Dow Jones Indexes, including the blue-chip Dow Jones Industrial Average, the companies said Wednesday.
Dow Jones, a unit of Rupert Murdoch's News Corporation, will take a 10 percent stake in the new joint venture, which has approximately 130,000 index properties, the firms said in a joint statement released after the New York stock market closed.Dow Jones will contribute the Dow Jones Indexes business, valued at 675 million dollars, to the joint venture, while Chicago-based CME Group will contribute market data services valued at 607.5 million dollars.The partners plan the venture will raise about 613 million in third-party debt which would be used to pay a 607.5-million-dollar distribution to Dow Jones.The agreed transaction, which requires regulatory approval, is expected to close by end-March, they said.
Inflationary Depression Still Dominates
Bob Chapman The International Forecaster
February 11, 2010
The inflationary depression still dominates and probably will continue to do so. In time the stimulus will fail to work and the world will slip into total insolvency and deflationary depression. The old M3 is about 3%, but we still have $23.7 trillion floating around. Not only is the US bankrupt, but also so is the rest of the world. It is now only a question of when the dominos will fall. It looks like the first wave in the collapse of the bear market rally is underway. Bonds will follow with higher interest rates and eventually commodities will be hit. Only gold and silver will survive, as the bankers and Wall Street complete their destruction of the world economy.There is much talk about how it would have been better to have Paul Volcker as Chairman of the Fed, but pundits forget they are cut from the same cloth and take orders from the same people.Holding currencies is also a loser. Eventually the best will fall to gold and silver. There is no possibility that quantitative easing can be curtailed and that means debt will continue to grow exponentially. By way of example in 2007 public debt as a percentage of GDP was 62% and this year it will be 94%; in England 44% to 82%; in the G-20 62% to 85%; in Europe an average of 63% to 85%, excepting Italy at 104% to 120%, and in Japan 188% to 227%. Over the next two years some of these nations are going to default, never mind Ireland, Greece, Portugal, Spain and Eastern Baltic Europe, which are well on the way to being basket cases. Due to current economic conditions these nations cannot generate revenue sufficient to even pay the service on the debt. Revenues are off 11% in the US and they are headed lower. In the President’s budget $100 billion is earmarked for incentives for job creation and $25 billion for the states that are generally incapable of even paying unemployment compensation. Forty states are on the edge of bankruptcy. The President wants to double the aid to education in a totally failed system. Governmental debt is growing at a rate of more than 20%. Then we can pencil in the bailout programs and the bankruptcy of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, AIG and GM. The 19 major banks are still insolvent. They are all keeping two sets of books and mark-to- model, not to market. That means their assets are worth what they say they are. The collapse of the credit crisis is still underway. All the kings’ horses and all the kings’ men cannot put America back together again.
As we have often said the turning point for the dollar and the American economy was on 8/15/71, when the US abandoned the gold standard. That was followed by de-industrialization, free trade, globalization, offshoring and outsourcing, which ripped the industrial heart of America, sending our companies and jobs to foreign lands, so that transnational conglomerates could be, enriched tax-free. The result since 1972, due to inflation, is that two incomes per family are needed to financially survive. A very sad commentary, and the direct result of the actions of government, Wall Street and banking. They ended sound money and gave us corporatist socialism, also known as fascism. The result is presently inflationary depression. The value of our homes have fallen 50% and many are buried in debt. If that wasn’t enough, Congress increased the short-term debt limit this week, adding an additional $45,000 to the debt of every American. We are told by government and Wall Street there is very little inflation when in fact it is double what government says it is.
Ten banks control 70% of US deposits and they are all broke. The FDIC has $93 billion. 2,055 banks are in serious trouble. If 1,000 go under the cost would be $500 billion. The banks have already paid the FDIC fees due over the next three years. The FDIC does have a $500 billion line of credit with the Treasury and we wonder if government dares use it. Of course the banking cartel – monopoly – the Federal Reserve can always print more money and inflate the debt away.Sources in Washington tell us the administration expects Congress to pass another $150 billion stimulus plan to augment the new budget. That should carry the economy through the election. It is not the $500 billion the White House had in mind, but it is what they will have to work with. Incidentally, half of what government spends is borrowed.We have warned you before to exit municipal bonds. You are looking at massive unfunded liabilities. These entities have no ability to repay debt under the circumstances.
Southern and Eastern European debt markets have sent currency, bond and stock markets reeling for the past month. The dollar rally was anticipated by insiders like Goldman Sachs, JP Morgan Chase and Citigroup in their massive long dollar positions. China overdid their stimulus plan of a net $2.2 trillion in the short space of ten months. They now have bubbles in stocks and real estate that will cause real domestic problems. The yen carry trade is close to over, but how big is the dollar carry trade? Have these traders created too much liquidity? We do not know, but we would guess the dollar carry trade is not nearly as large as some believe it is. Corporations are talking about higher profits due to a surging dollar. We doubt that, and we ask how much will US exports be hurt and as a result how much worse will our balance of payments become? It seems like professionals in the bond markets worldwide are mesmerized and are accepting dangerously lower yields just to play the game – that can become a very dangerous one. They think nothing bad could possibly happen, when the debt bomb is so obvious. Junk is junk no matter how you cut it. Even in the so-called better quality issues the 5-year US T-note is yielding 2.15% and the 10s are 3.58%. With inflation in the real world over 7% why would any informed sane investor reach for such losers – never mind the junk? We are in a dead zone and shortly inflation is going to surge again. Oil will move higher, as will commodities. Gold and silver are as well posed to test their old recent highs. The world’s financial problems are not going to go away anytime soon and that is why you have to be in gold and silver related assets.
This past week gasoline prices fell $0.06 to $2.66 a gallon.
There is much talk about how it would have been better to have Paul Volcker as Chairman of the Fed, but pundits forget they are cut from the same cloth and take orders from the same people. Such a change would have been a waste of time for Americans. Volcker was added to the socialist/Marxist entourage of our President to bolster his image and to show the world that Mr. Obama was going to bash Wall Street and the bankers. Do not hold your breath. They control our President. They put him in office with money stolen from you. He is bought and paid for and you paid the bill. Very little will be done in the matter of what goes on in Wall Street and in banking. They have the world by the throat and will continue to have it in their clutches, unless the system is purged, the Fed is done away with and returned to the Treasury and the revolving door between Wall Street and Washington is shut down.
Nothing will come of Volcker’s bank bashing. That was done to make the liberals and others happy. The elitists like running the country and they are going to keep it that way. The looting of America will continue with all of the leverage and outrageous risk, theft, conflicts of interest and the continuation of a criminal enterprise.Yes, we need Glass-Steagall back. We can thank Phil Gramm and Larry Summers for that change. Look what it has brought us: the same conditions we had in the 1920s that led to our great depression. There are those in their ivory towers and those on Wall Street, that will tell you it prolonged the depression, which is untrue. The depression continued on because of FDR not purging the system or allowing it to purge itself. It would have meant the bankers and Wall Street would have faced bankruptcy, which should have been what should have taken place. Today we have the very same problem. We have to bailout the bankers again. In neither case did bankers and Wall Street follow the sound principles of risk management and leverage. They used leverage of 30 to 70 times deposits. Is it no wonder the system had a credit crisis. They knew what they were doing in a world where 8 to 10 times was risky and sufficient. They did this basically with your money – your deposits. In fact, in today’s two sets of books system and marking-to-model, they are still trapped into leverage of 40 times deposits. This is why the credit crisis is not over. If it was why would the Fed create money out of thin air, lend it to banks and then receive the funds back and pay the banks a higher interest rate than what they were lending at? That last interest payoff comes out of your profits that should have been given to the Treasury. Glass-Steagall would force banking to constrain leveraged lending and bring order to the system.U.S. prime jumbo mortgages backing securities at least 60 days late rose to 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for serious delinquencies, according to Fitch Ratings.The trend line for delinquencies indicates the 10 percent level could be reached as early as next month, Vincent Barberio, a Fitch managing director in New York, said today in a statement. The rate of non-performing loans almost tripled in 2009.
Jumbo home-loans are larger than government-supported mortgage companies Fannie Mae or Freddie Mac can finance. Their limits now range from $417,000 in most places to as much as $729,750 in high-cost areas.A state judge on Tuesday ordered the foreclosure sale of the storied Riverton Houses, a middle-class Harlem enclave that ran into trouble a year ago when its new owner failed to make good on optimistic revenue projections and defaulted on his mortgage.Justice Richard F. Braun of State Supreme Court in Manhattan ordered the sale of the complex at public auction to satisfy the owner’s $240.6 million debt. The complex sits between 135th and 138th Streets, from Fifth Avenue to the Harlem River.Riverton, like a number of complexes during the real estate boom, was bought for top dollar in 2005 by a company led by the developer Laurence Gluck, who had a plan to increase profits by replacing tenants in rent-stabilized apartments with market-rate tenants.Emerging market equity funds lost $1.6 billion in weekly withdrawals, the biggest outflows in 24 weeks… EPFR Global said. Investors removed almost $1 billion from global emerging market stock funds in the week.Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.Absolutely not, Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern.That will never happen to this country.Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried about global stability. That reflects basic confidence in the U.S. and its ability to bounce back from the global recession, he said.Moody’s Investors Service Inc. last week said the U.S. government’s bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.There is little if anything for governments and central banks to do at this point regarding Greece and others. So solons are trying to euchre the markets with verbal intervention.Bailing out PIGS is not the major issue. If the EU does a bailout, it will only be a temporary aid because socialism is collapsing on a global basis due to the enormous, unserviceable debt.
Countries accustomed to the undeserved goodies that socialism promised but delivered on borrowed money do not have the political will to cut the unaffordable spending. So in the near future, the market will force the requisite changes.At some point the borrowed money train will halt and the goodies will disappear, just like in the USSR.
Over the past year we have recounted numerous times that there has been no restructuring of the US economy or Europe for that matter. All that has been done is that sovereigns have absorbed trillions of dollars in private sector debt and crappy paper and issued trillions of dollars of debt to support more stimuli and crappy paper absorption.If we have entered a new crisis phase in which sovereign nations have to bailout out other sovereign by issuing more debt, the final crisis stage will occur when the market revolts against the debt of the nations that bailed out other sovereigns. This is checkmate.The usual suspects trumpeted the better than expected House Survey in the January Employment Report. However, we found an anomaly in the survey that suggests a sloppy book-cooking gambit.The Household Survey shows an increase of 541k jobs and a gain of 111k in the pool of available workers. This produced the decline to 9.7% in the politically sensitive unemployment rate…Part-time workers increased 252k, which is more than half of the 541k gain. http://www.bls.gov/news.release/empsit.t09.htm Here’s what makes the Household Survey job gain very suspicious. The entire gain is attributed to one category, Women, 20 years and over, which increased 529k…Men, 20+ declined 1k! Self-employed declined 128k; so women weren’t starting businesses. http://www.bls.gov/news.release/empsit.t08.htm
Teenage male jobs (16+) increased 18k. Teenage women jobs declined 5k…“White Women” accounted for 495k of the 529k gain. White men are +31k. http://www.bls.gov/news.release/empsit.t02.htm
The Household Survey increase in jobs is NOT supported by withheld taxes, which show a 7.2% decline for January. Tax data measure real money going into workers’ hands.
The Household Survey’s highly improbable increase in only female employment suggests faulty methodology (malfeasance), some unqualified adjustment or a clumsy attempt to craft a better employment report for political expediency (fraud). The reasonable conclusion is the Household Survey job gain in January is bogus.Please note the in the Household Survey people are counted as employed even if they received no income or had sustained absences from work. You can imagine what personal reasons does to the data.One last concern about the Household Survey in January Employment Report, from the lips of the BLS: Also, household survey data for January 2010 reflect updated population estimates…The change in population reflected in the new estimates results primarily from adjustments for net international migration, updated vital statistics and other information, and some methodological changes in the estimation process.The BLS claims that the ‘population control’ adjustment reduced the Household Survey by 243k. This means that without the new adjustment 784k jobs would’ve appeared. If 529k job growth is dubious by tax data, January job growth of 784k would be side-splitting.The BLS admits that December 2009 Household jobs have to be lowered by 243k…Ya think the BLS is doing this to confuse or frustrate people?
The NFP benchmark revision was -930k for the year ended last March; 824k was expected.December NFP was revised sharply lower, to -150k from -85k; and the past five months through December were revised 245k lower! Yet there are pundits calling the January Employment Report good. Some wrote that the report confirms the positive trend in employment! Once again, we see the trend of revising past month economic data lower. This has been occurring for the past few years. You’d think more people would inveigh against the scheme.The U6 unemployment rate, which incorporates part-time for economic reasons and discouraged workers declined sharply from 17.3% to 16.5%. Non-agriculture Part-time for economic reasons declined 962k. Where’d they go? If you have not looked for a job in the past 12 months, you become a non- person to the BLS and disappear from the U6. http://www.bls.gov/news.release/empsit.t08.htm
Further stimulus or jobs programs are anathema for most politicians because recent polls show the number issue is no longer jobs; it’s the budget deficit/debt.
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 THU FEB 11,2010
09:30 AM -3.17
10:00 AM -20.10
10:30 AM -10.65
11:00 AM -30.83
11:30 AM +50.41
12:00 PM +88.88
12:30 PM +80.57
01:00 PM +87.06
01:30 PM +113.74
02:00 PM +94.17
02:30 PM +107.24
03:00 PM +104.67
03:30 PM +105.51
04:00 PM +105.81 10,144.20
S&P 500 1078.47 +10.34
NASDAQ 2177.41 +29.34
GOLD 1095.70 +70 +19.40
OIL 75.10 +0.58
TSE 300 11,435.50 +149.20
CDNX 1492.67 +15.89
S&P/TSX/60 669.73 +8.80
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow -26 points at 4 minutes of trading today.
Dow -61 points at low today.
Dow +124 points at high today so far.
GOLD opens at $1,077.60.OIL opens at $74.50 today.
AFTERNOON,NEWS,STATS
Dow -61 points at low today so far.
Dow +124 points at high today so far.
WRAPUP,NEWS,STATS
Dow -61 points at low today.
Dow +124 points at high today.
http://messiahsbranch.org/radio_archives.htm
DUBAI HOLDINGS
http://en.wikipedia.org/wiki/Dubai_Holding
DERIVATIVES MARKET
http://www.wisegeek.com/what-is-a-derivative-market.htm
https://startpage.com/do/metasearch.pl?query=what+is+a+derivative&cat=web&pl=ie&language=english
http://www.investopedia.com/study-guide/cfa-exam/level-1/derivatives/cfa1.asp
LINDSEY WILLIAMS WAS TALKING TO HIS NWO FRIEND AGAIN AND HIS FRIEND SAID IN 2010 THE AMERICAN DOLLAR WILL DEVALUE 30-50%,THE NWO GRADUALLY WANT YOU TO BECOME THEIR SLAVES OR THEY WOULD CRASH THE DOLLAR THIS YEAR.SO GET READY FOR SKYROCKETING FOOD PRICES THIS YEAR AND BIGTIME,INFLATION,DEFLATION.
DUBAI WORLD HOLDINGS THAT DEFAULTED ON BILLIONS OF DOLLARS OWNED COMPANIES AND BANKS WORLDWIDE.WITH THE DEFAULT OF DUBAI WORLD HOLDINGS,ANYTHING YOU DO WITH A BANK WILL BE TAKEN FROM YOU AS THE $150 TRILLION WORLDWIDE DERIVATIVES MARKET WILL BE COLLAPSING.THE WORLDS BANKS ARE ON THE VERGE OF COLLAPSING DUE TO THE DERIVATIVE COLLAPSE WHICH DUBAI WORLD DEFAULTED ON BECAUSE DUBAI WORLD HAD ALL THEIR FAITH IN DERIVATIVES AND NOW DUBAI WORLD HAS DEFAULTED.
THE NWO WILL HAVE A WAR WITH IRAN IN A YEAR AND A HALF.THE NWO WILL START THE WAR IN THE MIDEAST.THE BIBLE SAYS THE 3RD WORLD WAR WILL START AT THE EUPHRATES IN IRAQ OR SYRIA,SO THE NWO WILL START THE 3RD WW BY THE EUPHRATES RIVER LIKE THE BIBLE SAYS.
THE NWO GUY SAID THE HEALTHCARE BILL IS JUST A BILL FOR THE GOVERNMENT TAKEOVER AND CONTROL OF ITS CITIZENS.GOVERNMENT DICTATORSHIP,MARTIAL LAW.
THE NWO GUY SAID CHINA WILL BE THE ECONOMIC LEADER AND AMERCA WILL BE A 3RD WORLD COUNTRY DUE TO THE DEVALUED DOLLAR.THE NWO BANKS WILL BE OWNING ALL YOUR PROPERTY IF YOU DO NO OWN YOUR PROPERTY BECAUSE THE DEVALUED DOLLAR WILL FORCE PEOPLE INTO BANKRUPTCY AND NOT BEING ABLE TO PAY THEIR BILLS,MORTAGES ETC.
AS OF 10:30AM ON FEB 11,10,IRANS THREAT TO AMERICA AND ISRAEL IS HOT AIR JUST LIKE AHMADINEJAD AND HIS NUTCASE LEADERS.
CME to own 90 percent of Dow Jones joint venture
Wed Feb 10, 5:57 pm ET
NEW YORK (AFP) – CME Group, the giant derivatives marketplace, will own 90 percent of a new joint venture with Dow Jones & Co. that will own the Dow Jones Indexes, including the blue-chip Dow Jones Industrial Average, the companies said Wednesday.
Dow Jones, a unit of Rupert Murdoch's News Corporation, will take a 10 percent stake in the new joint venture, which has approximately 130,000 index properties, the firms said in a joint statement released after the New York stock market closed.Dow Jones will contribute the Dow Jones Indexes business, valued at 675 million dollars, to the joint venture, while Chicago-based CME Group will contribute market data services valued at 607.5 million dollars.The partners plan the venture will raise about 613 million in third-party debt which would be used to pay a 607.5-million-dollar distribution to Dow Jones.The agreed transaction, which requires regulatory approval, is expected to close by end-March, they said.
Inflationary Depression Still Dominates
Bob Chapman The International Forecaster
February 11, 2010
The inflationary depression still dominates and probably will continue to do so. In time the stimulus will fail to work and the world will slip into total insolvency and deflationary depression. The old M3 is about 3%, but we still have $23.7 trillion floating around. Not only is the US bankrupt, but also so is the rest of the world. It is now only a question of when the dominos will fall. It looks like the first wave in the collapse of the bear market rally is underway. Bonds will follow with higher interest rates and eventually commodities will be hit. Only gold and silver will survive, as the bankers and Wall Street complete their destruction of the world economy.There is much talk about how it would have been better to have Paul Volcker as Chairman of the Fed, but pundits forget they are cut from the same cloth and take orders from the same people.Holding currencies is also a loser. Eventually the best will fall to gold and silver. There is no possibility that quantitative easing can be curtailed and that means debt will continue to grow exponentially. By way of example in 2007 public debt as a percentage of GDP was 62% and this year it will be 94%; in England 44% to 82%; in the G-20 62% to 85%; in Europe an average of 63% to 85%, excepting Italy at 104% to 120%, and in Japan 188% to 227%. Over the next two years some of these nations are going to default, never mind Ireland, Greece, Portugal, Spain and Eastern Baltic Europe, which are well on the way to being basket cases. Due to current economic conditions these nations cannot generate revenue sufficient to even pay the service on the debt. Revenues are off 11% in the US and they are headed lower. In the President’s budget $100 billion is earmarked for incentives for job creation and $25 billion for the states that are generally incapable of even paying unemployment compensation. Forty states are on the edge of bankruptcy. The President wants to double the aid to education in a totally failed system. Governmental debt is growing at a rate of more than 20%. Then we can pencil in the bailout programs and the bankruptcy of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, AIG and GM. The 19 major banks are still insolvent. They are all keeping two sets of books and mark-to- model, not to market. That means their assets are worth what they say they are. The collapse of the credit crisis is still underway. All the kings’ horses and all the kings’ men cannot put America back together again.
As we have often said the turning point for the dollar and the American economy was on 8/15/71, when the US abandoned the gold standard. That was followed by de-industrialization, free trade, globalization, offshoring and outsourcing, which ripped the industrial heart of America, sending our companies and jobs to foreign lands, so that transnational conglomerates could be, enriched tax-free. The result since 1972, due to inflation, is that two incomes per family are needed to financially survive. A very sad commentary, and the direct result of the actions of government, Wall Street and banking. They ended sound money and gave us corporatist socialism, also known as fascism. The result is presently inflationary depression. The value of our homes have fallen 50% and many are buried in debt. If that wasn’t enough, Congress increased the short-term debt limit this week, adding an additional $45,000 to the debt of every American. We are told by government and Wall Street there is very little inflation when in fact it is double what government says it is.
Ten banks control 70% of US deposits and they are all broke. The FDIC has $93 billion. 2,055 banks are in serious trouble. If 1,000 go under the cost would be $500 billion. The banks have already paid the FDIC fees due over the next three years. The FDIC does have a $500 billion line of credit with the Treasury and we wonder if government dares use it. Of course the banking cartel – monopoly – the Federal Reserve can always print more money and inflate the debt away.Sources in Washington tell us the administration expects Congress to pass another $150 billion stimulus plan to augment the new budget. That should carry the economy through the election. It is not the $500 billion the White House had in mind, but it is what they will have to work with. Incidentally, half of what government spends is borrowed.We have warned you before to exit municipal bonds. You are looking at massive unfunded liabilities. These entities have no ability to repay debt under the circumstances.
Southern and Eastern European debt markets have sent currency, bond and stock markets reeling for the past month. The dollar rally was anticipated by insiders like Goldman Sachs, JP Morgan Chase and Citigroup in their massive long dollar positions. China overdid their stimulus plan of a net $2.2 trillion in the short space of ten months. They now have bubbles in stocks and real estate that will cause real domestic problems. The yen carry trade is close to over, but how big is the dollar carry trade? Have these traders created too much liquidity? We do not know, but we would guess the dollar carry trade is not nearly as large as some believe it is. Corporations are talking about higher profits due to a surging dollar. We doubt that, and we ask how much will US exports be hurt and as a result how much worse will our balance of payments become? It seems like professionals in the bond markets worldwide are mesmerized and are accepting dangerously lower yields just to play the game – that can become a very dangerous one. They think nothing bad could possibly happen, when the debt bomb is so obvious. Junk is junk no matter how you cut it. Even in the so-called better quality issues the 5-year US T-note is yielding 2.15% and the 10s are 3.58%. With inflation in the real world over 7% why would any informed sane investor reach for such losers – never mind the junk? We are in a dead zone and shortly inflation is going to surge again. Oil will move higher, as will commodities. Gold and silver are as well posed to test their old recent highs. The world’s financial problems are not going to go away anytime soon and that is why you have to be in gold and silver related assets.
This past week gasoline prices fell $0.06 to $2.66 a gallon.
There is much talk about how it would have been better to have Paul Volcker as Chairman of the Fed, but pundits forget they are cut from the same cloth and take orders from the same people. Such a change would have been a waste of time for Americans. Volcker was added to the socialist/Marxist entourage of our President to bolster his image and to show the world that Mr. Obama was going to bash Wall Street and the bankers. Do not hold your breath. They control our President. They put him in office with money stolen from you. He is bought and paid for and you paid the bill. Very little will be done in the matter of what goes on in Wall Street and in banking. They have the world by the throat and will continue to have it in their clutches, unless the system is purged, the Fed is done away with and returned to the Treasury and the revolving door between Wall Street and Washington is shut down.
Nothing will come of Volcker’s bank bashing. That was done to make the liberals and others happy. The elitists like running the country and they are going to keep it that way. The looting of America will continue with all of the leverage and outrageous risk, theft, conflicts of interest and the continuation of a criminal enterprise.Yes, we need Glass-Steagall back. We can thank Phil Gramm and Larry Summers for that change. Look what it has brought us: the same conditions we had in the 1920s that led to our great depression. There are those in their ivory towers and those on Wall Street, that will tell you it prolonged the depression, which is untrue. The depression continued on because of FDR not purging the system or allowing it to purge itself. It would have meant the bankers and Wall Street would have faced bankruptcy, which should have been what should have taken place. Today we have the very same problem. We have to bailout the bankers again. In neither case did bankers and Wall Street follow the sound principles of risk management and leverage. They used leverage of 30 to 70 times deposits. Is it no wonder the system had a credit crisis. They knew what they were doing in a world where 8 to 10 times was risky and sufficient. They did this basically with your money – your deposits. In fact, in today’s two sets of books system and marking-to-model, they are still trapped into leverage of 40 times deposits. This is why the credit crisis is not over. If it was why would the Fed create money out of thin air, lend it to banks and then receive the funds back and pay the banks a higher interest rate than what they were lending at? That last interest payoff comes out of your profits that should have been given to the Treasury. Glass-Steagall would force banking to constrain leveraged lending and bring order to the system.U.S. prime jumbo mortgages backing securities at least 60 days late rose to 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for serious delinquencies, according to Fitch Ratings.The trend line for delinquencies indicates the 10 percent level could be reached as early as next month, Vincent Barberio, a Fitch managing director in New York, said today in a statement. The rate of non-performing loans almost tripled in 2009.
Jumbo home-loans are larger than government-supported mortgage companies Fannie Mae or Freddie Mac can finance. Their limits now range from $417,000 in most places to as much as $729,750 in high-cost areas.A state judge on Tuesday ordered the foreclosure sale of the storied Riverton Houses, a middle-class Harlem enclave that ran into trouble a year ago when its new owner failed to make good on optimistic revenue projections and defaulted on his mortgage.Justice Richard F. Braun of State Supreme Court in Manhattan ordered the sale of the complex at public auction to satisfy the owner’s $240.6 million debt. The complex sits between 135th and 138th Streets, from Fifth Avenue to the Harlem River.Riverton, like a number of complexes during the real estate boom, was bought for top dollar in 2005 by a company led by the developer Laurence Gluck, who had a plan to increase profits by replacing tenants in rent-stabilized apartments with market-rate tenants.Emerging market equity funds lost $1.6 billion in weekly withdrawals, the biggest outflows in 24 weeks… EPFR Global said. Investors removed almost $1 billion from global emerging market stock funds in the week.Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.Absolutely not, Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern.That will never happen to this country.Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried about global stability. That reflects basic confidence in the U.S. and its ability to bounce back from the global recession, he said.Moody’s Investors Service Inc. last week said the U.S. government’s bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.There is little if anything for governments and central banks to do at this point regarding Greece and others. So solons are trying to euchre the markets with verbal intervention.Bailing out PIGS is not the major issue. If the EU does a bailout, it will only be a temporary aid because socialism is collapsing on a global basis due to the enormous, unserviceable debt.
Countries accustomed to the undeserved goodies that socialism promised but delivered on borrowed money do not have the political will to cut the unaffordable spending. So in the near future, the market will force the requisite changes.At some point the borrowed money train will halt and the goodies will disappear, just like in the USSR.
Over the past year we have recounted numerous times that there has been no restructuring of the US economy or Europe for that matter. All that has been done is that sovereigns have absorbed trillions of dollars in private sector debt and crappy paper and issued trillions of dollars of debt to support more stimuli and crappy paper absorption.If we have entered a new crisis phase in which sovereign nations have to bailout out other sovereign by issuing more debt, the final crisis stage will occur when the market revolts against the debt of the nations that bailed out other sovereigns. This is checkmate.The usual suspects trumpeted the better than expected House Survey in the January Employment Report. However, we found an anomaly in the survey that suggests a sloppy book-cooking gambit.The Household Survey shows an increase of 541k jobs and a gain of 111k in the pool of available workers. This produced the decline to 9.7% in the politically sensitive unemployment rate…Part-time workers increased 252k, which is more than half of the 541k gain. http://www.bls.gov/news.release/empsit.t09.htm Here’s what makes the Household Survey job gain very suspicious. The entire gain is attributed to one category, Women, 20 years and over, which increased 529k…Men, 20+ declined 1k! Self-employed declined 128k; so women weren’t starting businesses. http://www.bls.gov/news.release/empsit.t08.htm
Teenage male jobs (16+) increased 18k. Teenage women jobs declined 5k…“White Women” accounted for 495k of the 529k gain. White men are +31k. http://www.bls.gov/news.release/empsit.t02.htm
The Household Survey increase in jobs is NOT supported by withheld taxes, which show a 7.2% decline for January. Tax data measure real money going into workers’ hands.
The Household Survey’s highly improbable increase in only female employment suggests faulty methodology (malfeasance), some unqualified adjustment or a clumsy attempt to craft a better employment report for political expediency (fraud). The reasonable conclusion is the Household Survey job gain in January is bogus.Please note the in the Household Survey people are counted as employed even if they received no income or had sustained absences from work. You can imagine what personal reasons does to the data.One last concern about the Household Survey in January Employment Report, from the lips of the BLS: Also, household survey data for January 2010 reflect updated population estimates…The change in population reflected in the new estimates results primarily from adjustments for net international migration, updated vital statistics and other information, and some methodological changes in the estimation process.The BLS claims that the ‘population control’ adjustment reduced the Household Survey by 243k. This means that without the new adjustment 784k jobs would’ve appeared. If 529k job growth is dubious by tax data, January job growth of 784k would be side-splitting.The BLS admits that December 2009 Household jobs have to be lowered by 243k…Ya think the BLS is doing this to confuse or frustrate people?
The NFP benchmark revision was -930k for the year ended last March; 824k was expected.December NFP was revised sharply lower, to -150k from -85k; and the past five months through December were revised 245k lower! Yet there are pundits calling the January Employment Report good. Some wrote that the report confirms the positive trend in employment! Once again, we see the trend of revising past month economic data lower. This has been occurring for the past few years. You’d think more people would inveigh against the scheme.The U6 unemployment rate, which incorporates part-time for economic reasons and discouraged workers declined sharply from 17.3% to 16.5%. Non-agriculture Part-time for economic reasons declined 962k. Where’d they go? If you have not looked for a job in the past 12 months, you become a non- person to the BLS and disappear from the U6. http://www.bls.gov/news.release/empsit.t08.htm
Further stimulus or jobs programs are anathema for most politicians because recent polls show the number issue is no longer jobs; it’s the budget deficit/debt.
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 THU FEB 11,2010
09:30 AM -3.17
10:00 AM -20.10
10:30 AM -10.65
11:00 AM -30.83
11:30 AM +50.41
12:00 PM +88.88
12:30 PM +80.57
01:00 PM +87.06
01:30 PM +113.74
02:00 PM +94.17
02:30 PM +107.24
03:00 PM +104.67
03:30 PM +105.51
04:00 PM +105.81 10,144.20
S&P 500 1078.47 +10.34
NASDAQ 2177.41 +29.34
GOLD 1095.70 +70 +19.40
OIL 75.10 +0.58
TSE 300 11,435.50 +149.20
CDNX 1492.67 +15.89
S&P/TSX/60 669.73 +8.80
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow -26 points at 4 minutes of trading today.
Dow -61 points at low today.
Dow +124 points at high today so far.
GOLD opens at $1,077.60.OIL opens at $74.50 today.
AFTERNOON,NEWS,STATS
Dow -61 points at low today so far.
Dow +124 points at high today so far.
WRAPUP,NEWS,STATS
Dow -61 points at low today.
Dow +124 points at high today.
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