STATE DEPT BUILDS 27 MOSQUES WORLDWIDE

JOHN LOEFFLER
http://britanniaradio.blogspot.com/2010/08/john-loeffler-steel-on-steel-paul-craig.html#links
MAX KEISER & OTHER ECONOMISTS
http://www.youtube.com/watch?v=lVombm30geU&feature=player_embedded
http://www.youtube.com/watch?v=GFrBpBmkgjM&feature=player_embedded
http://www.youtube.com/watch?v=EwaNRWMN-F4&feature=player_embedded
http://www.youtube.com/watch?v=JjglR2KYz5o&feature=player_embedded
http://www.youtube.com/watch?v=MPRoQ7OxZAQ&feature=player_embedded
http://www.youtube.com/watch?v=4GRsHlY-J18&feature=player_embedded
http://www.youtube.com/watch?v=DI5KiXihvg4&feature=player_embedded
GERALD CELENTE
http://www.youtube.com/watch?v=h2D2y1ye6kc&feature=player_embedded
http://www.youtube.com/watch?v=mlX88WZrPt4&feature=player_embedded
http://www.youtube.com/watch?v=pnTETzeEm6E&feature=player_embedded
RESTORING HONOR RALLY
http://canadafreepress.com/index.php/article/27067
LAURIE - DOUG TALK ABOUT THE MOSQUE IN 27 COUNTRIES-AUG 27,10 HR 1-2-3
http://therothshow.com/show-archives/august-2010/
MOSQUE TALK - MONEY CONNECTION AUG 20,10 HR-1-2-3
http://therothshow.com/show-archives/august-2010/

US State Department builds mosques in 27 countries By LAURIE ROTH AUG 27,10

I couldn’t believe my ears when a listener to my national radio show this week told me she was certain that our State Department was funding, building and renovating Mosques in 27 countries using US tax dollars. I thought, she must have partial, incorrect info, it seemed so absurd to me. I had heard nothing of this anywhere. Then just yesterday I confirmed that this was indeed true through a variety of sources and with Frank Salvato, editor of new media journal. What I have uncovered is unacceptable, obscene and should be fought at all levels by the American people. Our State Dept. is using undisclosed amounts of US tax dollars to build and renovate Islamic Mosques in 27 different countries. They do this under an ‘outreach’ program with the purpose of fostering ‘good will’ in Muslim countries. The state department will not reveal just how much they spend on overseas, foreign programs but a very reliable source told me most likely it is in the hundreds of billions.

This is not new to the State Department

The problem of exploitation and priorities with our State Department isn’t just an Obama problem. This was going on under Bush as well. So far from my initial investigation on this, the State Department is considered rogue and has a mind of its own with career lifers being their 20 years and manipulating funding, budgets and continuing to focus on their long term, money laden agendas, not what is fiscally sound, representative of our Judea, Christian values, or American priorities. Naturally, the progressive and liberal leadership of Hillary Clinton doesn’t help!

Back to the billions being spent on mosque building around the world

How is it with our country being in the worst recession, for some depression since the 1930s that we have billions to spend on mosque building in 27 countries? Good will my foot! I don’t know of a Muslim ruled country that doesn’t have massive oil wealth and plenty of money already to build or renovate their mosques! This is nothing but stealing behind closed and manipulated empathy/outreach doors money from the American people at a time when millions are losing their homes jobs and careers! If we are obsessed about building good will in Muslim countries, why don’t we start by building Christian churches in Muslim countries since they have so many Mosques here already. How about we tell Muslim countries this. When we hear any Jihad, anti troop or Israeli talk in US mosques we will start shutting them down.

Not only is it stealing from the poor and suffering masses to fund these mosques but most of America has no interest whatsoever in being a part of funding mosques that in most cases teach and preach jihad against Israel, our troops in a time of war and the conquest of Sharia law worldwide. It has to be the idiot move of the century to allow the rogue State Department to help build the very mosques where Imams teach from Sharia law special techniques on Islamic husbands beating their wives and where many types of Jihad are taught and encouraged. Finally, these mosques reflect the aggressive Muslim brotherhood and Whahhabi inspired Caliphate growing worldwide. Let’s make sure we fund the religion that calls Islamics in the Koran to forcibly convert us, enslave us or kill us.Now folks, how do you feel again about putting up a 100 million dollar mosque at ground zero in New York, backed by radical, Imam Rauf and his foreign, compromised money that continues to evolve. Cry out to your Representatives and Senators and flood the State Department with faxes, emails and phone calls to stop the absurd waste of billions of foreign outreach money to build mosques in 27 countries!

CENSORING QUESTIONS ABOUT OBAMA'S RELIGION
By Cliff Kincaid August 28, 2010 NewsWithViews.com

In a major liberal initiative to curtail discussion of President Obama’s religious identity, over 70 Christian leaders and denominational heads have signed a letter saying that questions about the religious philosophy of the President of the United States should be ignored and suppressed by the major media.The letter demands that the media offer no further support or airtime to those who misrepresent and call into question the President’s Christian faith.The apparent initiator of the letter is Obama associate Jim Wallis of the Sojourners group, a group funded by atheist George Soros.The Eleison Group, which represents the Democratic Congressional Campaign Committee and Wallis’s Sojourners group, arranged the release of the letter and has handled publicity for it. The Eleison Group’s purpose is to mobilize more traditional progressive base faith voters who are often overlooked in Democratic and progressive outreach.The president of the Eleison Group, Burns Strider, has served as an adviser to Democratic House Speaker Nancy Pelosi and regional Communications Director for the Democratic Congressional Campaign Committee. Pelosi, a liberal Catholic, invoked St. Joseph, revered for being the foster father of Jesus and the husband of the Virgin Mary, in the successful push for passage of Obama’s socialized medicine plan. The airtime alluded to in the letter has mostly been devoted to the controversy over opinion polls finding that significant numbers of people are confused about Obama’s religious identity and that some believe he is a Muslim. The questions that have been offered by Accuracy in Media concern Obama’s claims about being baptized in the Christian faith. AIM believes that politicians should be held accountable for the claims they make about themselves, even on personal matters of religious faith.

Obama’s aides have claimed the President is a committed and practicing Christian and that he was baptized in Jeremiah Wright’s Trinity United Church of Christ. But he has gone to church only a few times since he became President. We understand that these are contentious times, say the Christian leaders, but the personal faith of our leaders should not be up for public debate.However, the First Amendment expressly permits not only freedom of religion but freedom of the press. The Christian leaders say, We believe that questioning, and especially misrepresenting, the faith of a confessing believer goes too far. They do not identify who has misrepresented Obama’s faith. But other releases from the Eleison Group attack Fox News, talk radio, and right-wing misinformation about Obama’s religious affiliation and views.Strider and his associate, Eric Sapp, write, The 4th Estate and reporters and editors who care about the truth need to wake up to what is happening. Bloggers and independent journalists need to rise up and demand accountability (even of those on our side). And all Americans need to hold our news organizations accountable.AIM also wants accountability. What AIM has done is quote directly from Obama’s books about his spiritual and political journey. We have pointed out that Obama’s claim about his own baptism, as reported in his second memoir, The Audacity of Hope, is subject to interpretation because of the lack of detail about how and when he was baptized and by whom. It appears, based on information provided by Obama’s own church, that Obama was describing how he became a member of that church.

Obama’s claim of being baptized is presented in the context of discussing the fact that he was not born and baptized a Christian. He describes his Muslim father and grandfather and attendance in a Muslim school as he was growing up. Obama acknowledges that, before he joined Wright’s church, some people regarded him as a Muslim. Wright himself dabbled in Islam before establishing his church, Obama concedes.The proof of the baptism claim is precisely what is lacking in his book. There is no need or demand for a baptismal certificate, but there is no detail about the ceremony, other than talking about a walk down an aisle and a profession of faith, and no information about who performed the baptism and who attended. Traditionally, water is used in such a ceremony. There is no reference to water in Obama’s book.To add further to the mystery, AIM cited evidence that Christian baptisms were not required to join Wright’s church, which emphasized liberation theology, and that Muslims were permitted to join and not disavow their faith. This is not a political issue,say the Christian leaders. The signers of this letter come from different political and ideological backgrounds, but we are unified in our belief in Jesus Christ. As Christian pastors and leaders, we believe that fellow Christians need to be an encouragement to those who call Christ their savior, not question the veracity of their faith.However, what is being questioned in not his faith but the veracity of his claim in his book, published as he was preparing his presidential run, that he underwent a baptism. Was this claim inserted into the book to make Obama more politically palatable to the American electorate who would be naturally suspicious about what the media called his unorthodox religious background? Some Christians claim that baptism is not required to become a Christian. Obama could have claimed that he became a Christian in Wright’s church through a simple profession of faith and that a formal baptism was not required. Instead, however, he claimed to have undergone the procedure.The questions are legitimate because Obama does not have a pristine track record of being open and honest about his background and associates.For example, in his previous book, Dreams from My Father, he misrepresented the identity of his childhood mentor, Frank Marshall Davis, named in his book only as Frank. This individual, who had a major impact on Obama before he went off to college, turned out to be Frank Marshall Davis, a Communist Party member with a 600-page FBI file. Claims about a baptism cannot be taken at face value, especially because his statements and actions as President have led so many to believe he has a pro-Muslim bent. These have led to the perceptions, captured in the public opinion polls, that Obama may not be a Christian.The controversy will not go away just because a few religious leaders demand that the media stop covering it.2010 Cliff Kincaid.

Obama weighs dramatic security perks if Israel scraps Iran strike - Israeli strategists are not sure what good second-strike weapons systems Washington may offer if Israel is first destroyed by an Iranian nuclear attack.
DEBKAfile Exclusive Report AUG 28,10

DEBKAfile reports Israel is thought to have revived its military option against Iran – especially since Iran activated its first nuclear reactor at Bushehr on Aug. 21, thereby placing the Obama administration under enormous pressure. On top of the dire predictions of catastrophe planted on various US op-ed pages, Obama this week sent two big guns to Jerusalem to try and check an Israel attack. A guaranteed US nuclear umbrella, nuclear attack submarines for the IDF. Raptor stealth jets and NATO membership may be on offer.The first to arrive was International Atomic Energy Agency Director Yukiya Amano, who explained that under his stewardship the nuclear watchdog’s treatment of Iran would be quite different from the lenience shown by his predecessor, Mohamed ElBaradei.Thursday, Aug. 26, Amano was joined by Daniel Shapiro, Middle East Director at the National Security Council and a close friend of many Israeli leaders. He came laden with offers of security gifts – possible rewards both for restraint on Iran and as a softener for Netanyahu to be generous with concessions to the Palestinians in the forthcoming negotiations. Shapiro has taken three days to make his pitch on Iran, while Netanyahu has less than a week to decide whether he can again trust the US president’s new promises after they were not exactly upheld in the way the Bushehr reactor was allowed to go on stream or the modalities for the negotiations with the Palestinians.While preparing the Shapiro mission, the administration let it be known that the security gifts on offer would be dramatic and make the IDF one of the strongest and most advanced armies in the world.

Advance notice came in a series of leaks to former CIA officer Bruce Riedel, who is very close to President Obama, for an article he published in the influentialThe National Interest on Aug. 25 under the caption If Israel Attacks.Riedel urged the US to do everything in its power to stop an attack happening as it would spell catastrophe and advised Israel to adjust to the fact that the development of an Iranian atom bomb can no longer be halted.To make Israel feel secure in the new reality, Riedel proposed four steps for strengthening the Israeli armed forces and lending it a second-strike capability – even against an Iranian nuclear attack.

1. The US must spread a nuclear umbrella over Israel that would entail the installation of American nuclear depots in Israel to show Tehran that a nuclear attack on the Jewish state would meet with a US nuclear response.

2. American nuclear submarines would be supplied to the Israeli Navy as the backbone of its nuclear counter-strike capability. There are two categories – ballistic missile submarines and attack submarines.

3. The Israeli Air Force would receive US F-22 Raptor stealth jets, the most sophisticated warplane in the skies today. They would be equipped with all the systems and ordnance needed to strike the Iranian nuclear program.

4. The US would arrange for Israel’s full membership of NATO, so rendering an Iranian nuclear attack on Israel subject not just to US retaliation but a declaration of war by the 26-member alliance.

To qualify for these American security perks, Riedel made it clear that Israel would be required to come to terms with a nuclear-armed Iran and eschew military action against it, a provision which debkafile’s military and Jerusalem sources say the Netanyahu government is most unlikely to accept.For the Riedel analysis, which runs to 3,600 words, has a built-in contradiction. He portrays the Iranian leadership as consisting, behind their fiery rhetoric, of reasonable people who, when it comes down to it, will react to military and political pressure situations in a way that will not endanger their regime and their country’s very survival.However, this proposition does not take into account the Islamic Republic rulers’ persistent threats to wipe Israel off the map (without regard to the hazards this would incur) or his own and the Obama administration’s conviction that if Israel attacks Iran, Tehran will hit back at US targets and interests (even more hazardous).debkafile’s sources ask: Why would a reasonable regime risk going to war with America instead of limiting its military action to Israel? And what good would all the wonderful new military systems be to Israel for a second-strike capability when an initial Iranian nuclear attack would suffice to destroy the tiny Jewish state?

Accepting the unacceptable
August 27, 2010, 3:13 AM

Last weekend the mullahs took a big step towards becoming a nuclear power as they powered the Bushehr nuclear reactor.Israel's response? The Foreign Ministry published a statement proclaiming the move totally unacceptable.So why did we accept the totally unacceptable? When one asks senior officials about the Bushehr reactor and about Iran's nuclear program more generally, their response invariably begins, Well the Americans...Far from accepting that Israel has a problem that it must deal with, Israel's decision makers still argue that the US will discover - before it is too late - that it must act to prevent Iran from becoming a nuclear power in order to secure its own interests.As for Bushehr specifically, Israeli officials explain that it isn't the main problem. The main danger stems from the uranium enrichment sites. And anyway, they explain, given the civilian character of the Bushehr reactor; the fact that it is under a full International Atomic Energy Agency inspections regime; and the fact that the Russians are supposed to take all the spent fuel rods to Russia and so prevent Iran from using them to produce weapons-grade plutonium, Israel lacked the international legitimacy to strike Bushehr to prevent it from being fuelled last weekend.

BEFORE GOING into the question of whether or not Israel's decision makers were correct in deciding to opt out of attacking the Bushehr reactor to prevent it from being fuelled, it is worth considering where the Americans stand on Iran as it declares itself a nuclear power and tests new advanced weapons systems on a daily basis.The answer to this question was provided in large part in an article in the National Interest by former Clinton Administration National Security Council member Bruce Riedel. Titled, If Israel Attacks, Riedel -- who reportedly has close ties to the administration - asserts that an Israeli military strike against Iran will be a disaster for the US. In his view, US is better served by allowing Iran to become a nuclear power than by supporting an Israeli attack against Iran.He writes, The United States needs to send a clear red light to Israel. There's no option but to actively discourage an Israeli attack.Riedel explains that to induce Israel to accept the unacceptable specter of a nuclear armed mullocracy, the US should pay it off. Riedel recommends plying Israel's leaders with F-22 Stealth bombers, nuclear submarines, a mutual defense treaty and perhaps even NATO membership.Riedel's reason for deeming an Israeli strike unacceptable is his conviction that such a strike will be met by an Iranian counter-strike against US forces and interests in the Persian Gulf and Afghanistan. While there is no reason to doubt he is correct, Riedel studiously ignores the other certainty: A nuclear-armed Iran would threaten those same troops and interests far more.Riedel would have us believe that the Iranian regime will be a rational nuclear actor. That's the regime that has outlawed music, stones women, and deploys terror proxies throughout the region and the world. That's the same regime whose supreme leader just published a fatwa claiming he has the same religious stature as Muhammed. Riedel bases this view on the actions Iran took when it was weak.

Since Iran didn't place its American hostages on trial in 1980, it can be trusted with nuclear weapons in 2010. Since Iran didn't go to war against the US in 1988 during the Kuwaiti tanker crisis, Mahmoud Ahmadinejad can be trusted with nuclear bombs in 2010. And so on and so forth.Moreover, Riedel ignores what any casual newspaper reader now recognizes: Iran's nuclear weapons program has spurred a regional nuclear arms race. Riedel imagines a bipolar nuclear Middle East with Israel on the one side and Iran on the other. He fails to notice that already today Saudi Arabia, the United Arab Emirates, Kuwait, Jordan, Egypt, Syria, Lebanon, Sudan and Turkey have all initiated nuclear programs. And if Iran is allowed to go nuclear, these countries will beat a path to any number of nuclear bomb stores.Some argue that a multipolar nuclear Middle East will adhere to the rules of mutual assured destruction. Assuming this is true, the fact remains that the violent Iranian response to an Israeli strike against its nuclear installations will look like a minor skirmish in comparison to the conventional wars that will break out in a Middle East in which everyone has the bomb.And in truth, there is no reason to believe that a Middle East in which everyone has nuclear weapons is a Middle East which adheres to the rules of MAD. A recent Zogby/ University of Maryland poll of Arab public opinion taken for the Brookings Institute in US-allied Arab states Egypt, Lebanon, Morocco, Saudi Arabia and the UAE shows that the Arab world is populated by jihadists. As Herb London from the Hudson Institute pointed out in an analysis of the poll, nearly 70 percent of those polled said the leader they most admire is either a jihadist or a supporter of jihad. The most popular leaders were Turkish Prime Minister Recep Erdogan, Venezuelan President Hugo Chavez, Ahmadinejad, Hizbullah chieftain Hassan Nasrallah, Syrian President Bashar Assad and Al Qaida leader Osama Bin Laden.So if popular revolutions bring down any of the teetering despotic regimes now occupying the seats of power in the Arab world, they will likely be replaced by jihadists. Moreover, since an Iranian nuclear bomb would empower the most radical, destabilizing forces in pan-Arab society, the likelihood that a despot would resort to a nuclear strike on a Western or Israeli target in order to stay in power would similarly rise.All of this should not be beyond the grasp of an experienced strategic thinker like Riedel. And yet, obviously, it is. Moreover, as an alumnus of the Clinton administration, Riedel's positions in general are more realistic than those of the Obama administration. As Israeli officials acknowledge, the Obama administration is only now coming to terms with the fact that its engagement policy towards Iran has failed.

Moreover, throughout the US government, the White House is the most stubborn defender of the notion that the Iranian nuclear threat is not as serious a threat as the absence of a Palestinian state. That is, President Barack Obama himself is the most strident advocate of a US Middle East policy that ignores all the dangers the US faces in the region and turns American guns against the only country that doesn't threaten any US interest.And now, facing this state of affairs, Israeli leaders today still argue that issuing a Foreign Ministry communiqué declaring the fuelling of the Bushehr nuclear reactor unacceptable, and beginning worthless negotiations with Fatah leaders is a rational and sufficient Israeli policy.

WHAT LIES behind this governmental fecklessness?

There are two possible explanations for the government's behavior. Prime Minister Binyamin Netanyahu may be motivated by operational concerns or he may be motivated by political concerns.On the operational level, the question guiding Israel's leaders is when is the optimal time to attack? The fact that government sources say that it would have been diplomatically suicidal to attack before Bushehr became operational last weekend makes it clear that non-military considerations are the determining factor for Israel's leadership. Yet what Riedel's article and the clear positions of the Obama administration demonstrate is that there is no chance that non-military conditions will ever be optimal for Israel. Moreover, as Israel's 1981 attack on Iraq's nuclear reactor shows, Israel can achieve its strategic objectives even without US support for its operations.From a military perspective, it is clear that it would have been better to strike Iran's nuclear installations before the Russians fuelled Bushehr. Any attack scenario from now on will have to either accept the prospect of nuclear fallout or accept leaving Bushehr intact. Indeed from a military perspective, the longer Israel waits to attack Iran, the harder it will become to accomplish the mission.So unless Israel's leaders are unaware of strategic realities, the only plausible explanation for Netanyahu's decision to sit by idly as Israel's military options were drastically diminished over the weekend is that he was moved by domestic political considerations.And what might those political considerations be? Clearly he wasn't concerned with a lack of public support. Consistent, multiyear polling data show that the public overwhelmingly supports the use of force to prevent Iran from becoming a nuclear power. Then there is the issue of Netanyahu's coalition. It cannot be that Netanyahu believes that he can build a broader coalition to support an attack on Iran than he already has by bringing Kadima into his government. Kadima leader Tzipi Livni is not a great supporter of an Israeli attack on Iran. Livni views being liked by Obama more important than preventing Iran from becoming a nuclear state.

The prospect of a Kadima splinter party led by former defense minister Shaul Mofaz joining the coalition is also raised periodically. Yet experience to date indicates there is little chance of that happening. Mofaz apparently dislikes Netanyahu more than he dislikes the notion of facing a nuclear-armed Iran, (and a nuclear-armed Saudi Arabia and Egypt and etc., etc., etc.).Only one possibility remains: Netanyahu must have opted to sit on his hands as Bushehr was powered up because of opposition he faces from within his government. There is only one person in Netanyahu's coalition who has both the strategic dementia and the political power to force Netanyahu to accept the unacceptable. That person is Defense Minister Ehud Barak.Barak's strategic ineptitude is legendary. It was most recently on display in the failed naval commando takeover of the Turkish-Hamas terror ship Mavi Marmara. It was Barak's idea to arm naval commandos with paintball guns and so guarantee that they would be attacked and forced to use lethal force to defend themselves. Barak's ability to dictate government policy was most recently demonstrated in his obscene abuse of power in the appointment of the IDF's next chief of staff. Regardless of whether the so-called Galant document which set out a plan to see Maj. General Yoav Galant appointed to replace outgoing IDF Chief of Staff Lt. Gen. Gabi Ashkenazi was forged or authentic, it is clear that its operative clauses were all being implemented by Barak's own office for the past several months. So too, despite the fact that the document is still the subject of police investigation, Barak successfully strong-armed Netanyahu into agreeing to his lightning appointment of Galant.Even if Galant is the best candidate for the position, it is clear that Barak did the general no favors by appointing him in this manner. He certainly humiliated and discredited the General Staff.Barak is the Obama administration's favorite Israeli politician. While Netanyahu is shunned, Barak is feted in Washington nearly every month. And this makes sense. As the man directly responsible for Israel's defense and with his stranglehold on the government, he alone has the wherewithal to enable the entire Middle East to go nuclear.How's that for totally unacceptable?Originally published in The Jerusalem Post.

Revolt against fraudulent spending and stupid taxes! By Laurie Roth AUG 24,10

Has California lost its entire mind? Are there any leaders that are even sane left in California? We couldn’t help notice the last few years the endless whining about money out of California…..delays on state checks and freezes in payroll, not meeting budget after budget. Their continued response to their state of bankruptcy and financial desperation is to continue to raise already huge taxes, fees and make more regulations. They do this while begging for major stimulus and federal money from congress, while denying illegal immigration is a problem.As a glorious backdrop to all this absurdity, we have seen thousands of businesses leave the state because they can’t afford to do business with so many taxes and regulations. At least some of those businesses have fled to Arizona to thrive and are actually making money now. You know…..that evil state that much of California boycotted because of their immigration law. Funny how things work out.

In the face of federal and state financial meltdowns,insanity continues

California is swirling down the financial toilet, so, what do they do? LA introduces their pride and joy. It is actually a first in the nation. Drum roll……..They have made in LA the costliest public school in the country, $578 Million dollars. It is said to be the Taj Mahal of schools, with deluxe everything. It is more expensive than China’s Olympic Stadium! It is SO deluxe in fact it would be a stunning resort set in an exotic island for most of us and the honeymoon dream vacation of a life time. We are talking stunning, manicured parks, amazing swimming pool, fancy food courts, orchestra-pit auditoriums and much more extravagance.This is at a time when the state is going bankrupt, freezing state checks and begging for federal money! The insanity with priorities goes on in other states as well. There was a high school, also an amazing resort put in Massachusetts for $195.5 million dollars.Everyone has their fund raising speeches about these absurd expenses, especially the last few years. What ever happened to a school having a cafeteria and you eat one or two choices that the cooks serve you? Now you have to have an award winning food court or the kiddies won’t make it??? Our achievement and education levels continue to go lower in the world, yet our answer is to spend more money, no, nutty levels of money we don’t have to entertain the kiddies.

TRY EDUCATING THE KIDDIES, TEACHING THEM TO FOCUS, LEARNING DISCIPLINE AND DOING SCHOOL WORK! Maybe some of their endless self esteem needs would take care of themselves if they actually did some real work, adjusted to reality and felt better about themselves as they REALLY achieved and got good grades. I know….I’m evil and mean spirited. Some say on my radio show I’m the antichrist, so what do you expect?

Sports are nice, but we don’t need 30 choices of boutique and rare sports to also choose from. Drama is nice, BUT, we don’t need a practical Universal Studio’s drama department.California and other states who justify building schools into the hundreds of millions only reflect our lame, exploitive tax hallucinations with this administration and the feds. Apparently the apple doesn’t fall far from the tree. I have already screamed about the insanity peppered all throughout the stimulus bill and definitions of national tax emergencies i.e. studying the effects of cocaine on monkeys, mice in the bay area, yoga and hot flashes as therapy, millions for exotic pet disease research, millions for the ‘first Tee program, designed to teach little kids golf. We have seen painted graffiti walls, public swimming pools, money to teach children about rock music and endless millions for recreation. The U.S. is being hit by the largest spending Katrina the world has ever seen with the Obama administration and this congress! They spend money based on extravagance, their limited, acting out agenda and need for endless entertainment, controls and redistribution schemes.For our country to recover and stand upright again, financially and economically, we must throw the bums out of congress and vote out Obama. All who voted for the stimulus bill and Health care bill, along with other absurd waste must leave. They have demonstrated that they serve only excess, greed, socialism and themselves.We don’t need half a billion dollar public schools in any state! Until California and other states right themselves with their out of control debt and struggles, they should and must establish REAL priorities, not Hollyweird and Universal Studios priorities! They should fix the hemorrhaging of business leaving the state by cutting their endless taxes and regulations so business can actually make some money again. They should join Arizona and deal with the epidemic of illegal aliens in the work force taking U.S. jobs. Maybe we need to vote in only Mom’s, accountants, Vets and Grandmas into congress with money leadership positions. Obviously, so many in state leadership and most of our congress and White House don’t have a clue.

This is our future-Recent terror threats have been stopped, but we have refused to heed the warnings By David Harris, Citizen Special August 28, 2010 8:37 AM

Police collect evidence at 91 Esterlawn Pvt. in Ottawa during this week's sweep of searches and arrests of terrorism suspects, Aug. 28, 2010.Photograph by: Julie Oliver, The Ottawa CitizenThis is your future. That was my wretched thought on behalf of Canadians as I watched Thursday's Project Samossa news conference. Samossa was the major national security investigation that erupted this week in counterterrorism raids and the arrest of four Muslim-Canadians. The government's charges against three of them imply a wealth of evidence that will shock the conscience of Canadians.These charges and limited revelations suggest that we could be front-row witnesses to the most vile of manifestations of the Islamist jihad in this country. The allegation is that people living among us and enjoying the immense privileges of Canadian citizenship, are siding with enemy forces aiming to kill and maim our boys and girls serving in Afghanistan -- and maybe residents of Ottawa and other Canadian centres, too.

We shouldn't be surprised.

The Toronto 18 showed us the savagery of the 7th-century war that is being imported into our 21st-century neighbourhoods. Defendants included those who should have been a credit to educated youth. From some we would have expected gratitude of immigrants who had been welcomed to a gentle and generous nation. Canadians' reward was instead a conspiracy to rent Toronto with explosives, and blast our Parliament with invasion and a prime ministerial beheading. Further hints -- and only hints -- of our growing predicament come from a series of recent convictions. Think of Momin Khawaja, the handsome Department of Foreign Affairs software consultant and moonlighter in international bomb-making. Then there was Said Namouh, Quebec-based Moroccan bomb-plotter, and the Groupe Fatah Kamel, which drove a French counterterror magistrate to pin Canada as an international centre of North African Islamic extremism. These threats were headed off by good luck and good security work, but are auguries of future violence, economy-defying instability and further pressure on civil liberties.But why must this be our future? Because we refuse to heed warnings, learn basic lessons and act in a responsible way to preserve our well-being.To understand this in the context of Islamic radicalism is to account properly for the main sources of Canada's escalating extremism. These sources are immigration and refugee influxes, and the homegrown extremist phenomenon.

Liberal politicians long ago turned immigration and refugee streams into vote-importing mechanisms. Conservatives continue to do so at the expense of Canadians' safety and tens of billions in net per annum immigration costs, plus attendant and overwhelming security costs. So pronounced is the pathology that not even a terrible recession could prevent Immigration Minister Jason Kenney from hiking immigration and refugee levels from what were already roughly the highest per capita in the world. These levels are too great to allow for reliable vetting in a world where war and ideological struggles rage, and we are a target. Then there is the near-intractable problem of homegrown or self-radicalizing extremism. Here, we need vigorous efforts by Muslims to take up the work of Dr. Tawfik Hamid and others. They must interpret constructively the portions of the Koran and Hadiths that are routinely invoked to justify brutalizing infidels and non-radical Muslims. This requires challenging those people who embrace the Koranic interpretative doctrine of abrogation by which later militant sword verses can supersede earlier, more open and charitable verses.As part of this, we must put a halt to Saudi funding and similar fundamentalist influence in Canada's Islamic and other institutions. Most emphatically, Islamist front organizations and fellow-travelling Islamic rights groups should be barred from the legitimizing table of security outreach. Outreach has difficulties, and there is concern that some of our police and other security elements may be taking the easy way out when it comes to counterradicalizing and connecting with interest groups. The useful tool of community policing periodically metastasizes into unhealthy outreach programs with Islamic front organizations, as officials seek to appease and humour the louder -- and sometimes aggressive -- influences.

At the Samossa press conference, Ottawa police Chief Vern White inadvertently illustrated the problem in response to a question about reported privileged terrorism briefings for leaders of Ottawa's Muslim community, among a few others. The chief asserted that this private access, part of ongoing community outreach, was to reassure fearful members of certain communities that they would not be subject to backlash. A reflection of the new politically correct policing, this remark suggests that some officials are accepting and feeding the Islamist victimology hype that has been repeatedly debunked by statistics showing that blacks and Jews continue to be the main targets of bigotry.

Are we prepared to accept this as our future?

A lawyer with 30 years in intelligence affairs, David Harris is director of the intelligence program INSIGNIS Strategic Research Inc. He has consulted with intelligence organizations in Canada and abroad and served with the Canadian Security Intelligence Service in 1988-90.The Ottawa Citizen Read more: http://www.ottawacitizen.com/life/This+future/3452938/story.html#ixzz0xuoVOimo

A Convenient Stabbing, an Inconvenient Bombing
By Daniel Greenfield Saturday, August 28, 2010 CANADA FREE PRESS
http://canadafreepress.com/index.php/article/27064

Wasn’t it nice for Mayor Bloomberg to invite the Muslim cabbie who was stabbed over to City Hall, and for the media to give him the high profile treatment. But here are a few other New York stabbing victims who could have used that attention and concern. Unfortunately they weren’t Muslims, whom Bloomberg could exploit to score political points. There was Hugo Alfredo Tale-Yax who saved a woman from a knife attack, only to be stabbed himself. He lay dying in a pool of his own blood for over an hour, while people walked by, until finally an ambulance came. Tale-Yax died. And Bloomberg didn’t even notice.Meanwhile this April, Ricardo Williams and Darnell Morel were stabbed on the Number 2 train. Their stabber, Brenddy Garcia claimed that he had been defending himself and got off. Bloomberg did not invite either Williams or Morel to City Hall. But then he couldn’t have, because both men were dead.

Anthony Maldonado was stabbed to death in Harlem. He was 10 years old. That little boy’s murderer was an ex-con who had been paroled. If Bloomberg invited his family to City Hall, no one heard about it. If he apologized for a parole board that let the little boy’s killer roam free, we never heard about it either.Mohamed Jalloh, a Muslim African immigrant was killed with a machete after a fight in Washington Heights. He was Muslim, but his attacker was Latino. Naturally neither Bloomberg nor the press showed much interest in his death, or lavished a fraction of the interest that they have on our politically convenient cabbie.Claudia Montoya was stabbed 17 times and had her throat cut. She left behind a 1 year old daughter. Perhaps Bloomberg could invite her to City Hall. This summer Kelvin Buggs, an off duty FDNY EMT was stabbed to death while trying to break up a fight. Then there was Kirk Holgate, stabbed to death on New Year’s Eve. 70 year old Fumitaka Kurita stabbed by his own son in his own apartment. All awful stories. None of their families seem to have gotten. the Bloomberg star treatment.

Then there was Naief Al-mateiry, a charming Saudi fellow who invited a 69 year old man to his Manhattan apartment, choked, beat and raped him. Then Naief Al-mateiry threatened him with a knife and forced him to withdraw 1,200 dollars from his bank account. The Saudi embassy offered to cover his bail. His high powered three man legal team painted his victim as a liar who took money in exchange for sex. It worked. Naief Al-mateiry is a free man. Bloomberg of course showed absolutely no interest in his victim. So take the media frenzy over the conveniently stabbed cabbie with a grain of salt. Bloomberg doesn’t care about stabbing victims. He cares only about the Ground Zero Mosque. Stabbing victims who don’t happen to be Muslim at a convenient time, hold no interest for him.Regarding the Cabbie stabbing, the knife supposedly used in this stabbing has supposedly not been found. The accused stabber was drunk, and with a history of run ins while drunk. He probably isn’t going to be able to give any kind of accounting of what happened. After Enright’s attack, the police found him sitting in the middle of the street blocking traffic. That does not suggest a man who had much of a clue as to what was going on.Calling this some kind of premeditated hate crime is a joke. If Enright didn’t have enough sense to flee the scene of the crime, or at least not sit down in the middle of the street, he obviously wasn’t functioning on anything resembling a conscious level. He was dead drunk. It’s possible he could have stabbed a man in that condition. It’s not possible that he could have done it because he read some negative news stories about Muslims.The cabbie has insisted that he was stabbed because he was a Muslim. That doesn’t add up. Enright was relating to the cabbie positively as a Muslim, by the cabbie’s own testimony. Greeting him in Arabic and asking about Ramadan, is exactly the kind of behavior you would expect from an art school liberal. Unfortunately Enright was drunk. His checkpoint reference suggests he might have thought he was in Afghanistan. Or the real version of events might have been a drunken Enright squabbling with a cabbie over the fare, which would also explain why the partition was open. And until the knife is found, it’s an open question of whose knife it even was.Enright has become a convenient tool for an Anti-American media narrative. And that’s all that really counts. That he was a drunken liberal who got into a fight with a cab driver, a ridiculously common event in NYC, doesn’t matter. Because this fight turned violent, and it all happened at a politically convenient time. There’s no real evidence for most of the charges against Enright, but again that doesn’t matter, because a politically convenient case means everyone patting themselves on the back.

Also as Sweetness and Light points out,

What swift and severe justice. Compare and contrast to the Beat Whitey attacks at the Iowa state fair, which have yet to even be deemed to be bias crimes.But of course we’re only concerned about politically convenient attacks, such as the Mexican robberies on Staten Island. And that is the problem with Hate Crimes in a nutshell, they’re political charges used when politically convenient. Politicians love hate crimes because they allow them to claim credit for fighting bigotry, but not all bigotry is created equal, and hate crimes mainly become an issue when someone has something to politically gain from bringing attention to an attack. Meanwhile ordinary people of all races, colors and creeds who are attacked don’t get the same benefit of attention and political pressure to get justice.Earlier this week the media made much of the murder of Yoseph Robinson. While his murder was indeed tragic, and his story was compelling, he was mainly a top story because of that story, rather than because of his death. It’s unfortunate when 72 people can be gunned, but they’re not interesting, unless one of them is individually interesting. Had Yoseph Robinson not converted to Judaism, or had he just been an Orthodox Jew, but not black, he would have never made the front of the daily tabloids. Being a curiosity made his death newsworthy. But people’s murders shouldn’t be newsworthy because they have a less common background, but because murder is an evil, a wrong that people should be aware of, and because murderers should be stamped out. Instead murder is a form of celebrity. Meanwhile while all the attention is on the Muslim stabby cabbie, opening statements began in the trial of 4 Bronx terrorists who wanted to burn synagogues and shoot down military planes. There is of course far less media interest in the case. And you can understand why. It’s politically inconvenient.Four would-be Bronx synagogue bombers prayed for success before setting out on their murderous mission, according to U.S. prosecutors.The four, 44-year-old James Cromitie, 34-year-old Onta Williams, 29-year-old David Williams and 28-year-old Laguerre Payen, were charged with conspiring to use weapons of mass destruction and attempting to use missiles to kill U.S. officers and employees.In his opening statement to the Manhattan Federal Court, Assistant U.S. Attorney Adam Hickey told the jury, They were prepared to go all the way through with their destructive and murderous plan, which included shooting down military planes.

The prosecution said it would show the jury a video of the defendants praying for success prior to setting out to attack two New York synagogues in May 2009.And what’s the media’s take on this. The same media which has been running non-stop and uncritical coverage of the cabbie stabbie case. How do you think the media covers politically inconvenient trials? Controversial Trial of 4 Terrorist Suspects Begins in New York” proclaims Voice of America. Just to be clear VOA doesn’t mean that being a Muslim terrorist or burning synagogues is controversial. It means that putting the 4 terrorists on trial is controversial.The article by Adam Phillips is extraordinary for not actually quoting what the government prosecutors said, despite the story being about the opening day of the trial with the government making its case. Instead the story quotes one of the lawyers, and one of the defendant’s aunts, and then dedicates half its length to allowing a Columbia law prof to discuss whether the men are unfairly on trial because of entrapment.What’s missing? Unlike the Muslim cabbie stabby stories, there’s no discussion of whether hatred in mosques feeds anti-Semitic violence. Such stories hardly if ever come up. The theme is that the men are probably unfairly on trial. The story questions the government case, giving a benefit of the doubt, that has not been extended to Enright.And considering the attitude of Judge Colleen McMahon, the Newburgh 4 don’t have anything to worry about.I have referred to the case for a number of months in the privacy of my chambers as the un-terrorism case, U.S. District Judge Colleen McMahon said. It turns out I was right.Assistant U.S. Attorney Jason Halperin was quick to say that a lack of connections didn’t mean the men weren’t terrorists.

I think that’s an open question,Halperin said.Of course if they were Americans trying to bomb mosques, it would be an open and shut question if they were terrorists or not. And the case would be high profile news. Obama himself would be making a statement. But they were just trying to attack synagogues, which is basically not so bad.Colleen McMahon incidentally is a Clinton appointee. Her husband Frank Vincent Sica is a Senior Advisor to Soros Private Funds Management. Colleen McMahon is known for having fun in court, and pulling the usual Judge Judy antics that entitled judges tend to do when given a lot of power, and no standards of conduct to go with it. Colleen McMahon has been hostile to the government’s case on the Newburgh 4 from the very beginning. She won’t be able to just thrown open the door for the Newburgh 4, but defense isn’t going to have much resistance from the bench.But compare the two cases. One attempted murder vs four men who planned a reign of terror. Enright is charged with hate crimes, the There’s no talk of charging them with hate crimes, even though their crimes were motivated by hate and prejudice. But who cares about things like this? Cromitie told Hussain on the tape that the best target in New York had already been hit – an apparent reference to the World Trade Center that was destroyed during the 9/11 attack on New York by al-Qaeda terrorists in 2001. He added that he would like to hit another target, like the George Washington Bridge, a large military transport plane, or a synagogue.Above all, Cromitie said he wanted to hit a synagogue,Hickey said.

And there you see the difference between the way crimes by Muslims are treated, and the way that crimes against Muslims are treated. The truth is that attacks on Muslims have been down, see the analysis on hate crimes at Elder of Ziyon. Can you imagine Time magazine having a cover story on the relatively large number, and increase, of anti-semitic crimes in America (at the very same time that anti-Islamic crimes were going down)? In New York State, the very spot where Islamic terrorists murdered nearly 3000 people, the number of anti-Islamic crimes were a mere six in 2008. The number of anti-semitic crimes? 129.But meanwhile in what is a true triumph of Separation of Church and State, New York City comptroller, John Liu said that the city might subsidize the Ground Zero Mosque.The Muslim center planned near the site of the World Trade Center attack could qualify for tax-free financing, a spokesman for City Comptroller John Liu said on Friday, and Liu is willing to consider approving the public subsidy.The Democratic comptroller’s spokesman, Scott Sieber, said Liu supported the project. The center has sparked an intense debate over U.S. religious freedoms and the sanctity of the Trade Center site, where nearly 3,000 perished in the September 11, 2001 attack.This isn’t too surprising as John Liu is a radical extremist and affiliated with ACORN, SEIU and the WFP. And possible controversial ties to the Chinese Communist Party. Chinese-Americans have protested against Liu in the past charging that he’s in the pay of Communist China. And the situation is potentially even uglier.Bizarre incidents have been afoot in Flushing, a city on the outskirts of Manhattan, over the last five months, as organized attacks against Falun Gong practitioners began taking place. Over 15 individuals have been arrested, and similar incidents are still occurring.Soon after the attacks began, a recorded phone conversation revealed that the Chinese consul general in New York had boasted of having encouraged and congratulated the attackers. City Councilmember John Liu and State Assemblywoman Ellen Young were also found to have met with and supported those accused of the attacks.

Before John Liu took his peculiar stand toward the violence against Falun Gong in his district, he was honored in China by the Chinese Communist Party and its media as a rising political star, even though his only political activities have been here in New York City.When Falun Gong practitioners were being attacked by large, organized crowds on the streets of Flushing, New York, they had tried to meet with their elected officials to ask for support.Attempts to meet with Council Member John Liu and State Assemblywoman Ellen Young were unsuccessful. It was then discovered that Liu and Young had others they preferred meeting with, giving advice to, and supporting—the very individuals who had been attacking the Falun Gong practitioners.

The meeting was announced on June 29, when an article published by China Press said that on the following day, John Liu would be holding an open office for any resident who wanted to present their cases. On June 30, during a press conference at his office, Liu denied knowledge of violence of the attacks. He also refused to condemn the attackers or offer support to the victims.Following the press conference, Liu kicked out Falun Gong practitioners who had come to his office to present their cases, and instead met with the attackers.Among those who met with Liu in his office that day was Victor Yao (a.k.a. Qiu Wei), who was arrested for allegedly attacking a Falun Gong practitioner with a metal steering wheel lock in Brooklyn.John Liu is the District 20 council member in charge of Flushing. He is also the first Chinese city council member in New York.With all this ugliness behind the scenes of the corrupt and rotten Democratic Party, it’s no wonder that Obama’s popularity is sinking fast. In January of 2009, Obama’s approval ratings were in the 70’s for everyone but Protestants and Mormons. Today the only people who still hold a 70’s approval rating for Obama... are Muslims.Obama Akbar indeed.At Sheik Yermani in Winds of Jihad, Daisy Khan says the money isn’t in the bank. Steve Emerson’s Investigative Project on Terrorism, which has been doing much of the lead investigative work on this case, is asking the real questions.The backers of the Ground Zero Mosque have virtually no money, one of the group’s leaders says, and plan to create another nonprofit organization that would further complicate the already labyrinthine financial network surrounding the project.Daisy Khan, one of the leaders of the project, told supporters over the weekend that the mosques organizers have nothing in the bank for their effort. Khan said there is no money and that she doesn’t know of anything that has been raised.

The finances are a sieve, as Emerson shows

Federal tax records show Rauf and Khan direct the two groups supporting the mosque project – the Cordoba Initiative and the American Society for Muslim Advancement (ASMA). Those two organizations, along with Soho Properties, which owns the site of the proposed mosque and community center, are coordinating the project.However, federal tax records show the Cordoba Initiative has not listed contributions from at least two charitable foundations that have supported its activities. In another case, a foundation gave money to Cordoba’s sister group, the American Society for Muslim Advancement (ASMA), that was supposed to go to Cordoba; that money was also not listed in Cordoba’s tax records.Cordoba has failed to list almost $100,000 in charitable donations since 2007, federal tax records show.

Keep reading

During that time, ASMA reported receiving $1,382,194 in grants, the financial statement shows. Donors included the United Nations Population Fund, $53,664; the Dutch government’s MDG3 Fund, $481,942; the Hunt Alternatives Fund, $15,000; the Carnegie Corp. of New York, $122,000; the Rockefeller Brothers Fund, $50,000; and the Qatar government fund, $576,312.

This is a sieve and the money could be going absolutely anywhere.

And now the US government is paying for Imam Rauf to go on a fundraising tour to the Middle East for his Ground Zero Mosque project.But while they’re doing that, Z Street, a pro-Israel lobbying group charges that a special DC unit has been set up to investigate the tax exempt status of pro-Israel groups that are not in agreement with Obama Administration policies.

From the Z Street complaint.

14. In a letter dated May 15, 2010, IRS Agent Diane Gentry, to whom the Z STREET file had been assigned, sent an IRS Letter 2382 requesting additional information to aid her in her review of Z STREET’s IRS Form 1023 (the Application). Z STREET, by its corporate counsel, submitted a response on June 17, 2010, providing all of the requested information, most of which had already been provided in Z STREET’s initial application, including information about each of Z STREET’s board members. In fact, detailed personal information about each Z STREET board member had to be supplied to the IRS three times, a number in excess of the experiences of Z STREET board members for any other board on which they sit.

Detailed personal information, huh.

21. Agent Gentry also informed Z STREET’s counsel that the IRS is carefully scrutinizing organizations that are in any way connected with Israel.

22. Agent Gentry further stated to counsel for Z STREET: these cases are being sent to a special unit in the D.C. office to determine whether the organization’s activities contradict the Administration’s public policies.The radical anti-Israel Forward paper of course penned an article justifying such a move, though if the Bush Administration had treated the ACLU similarly, the left would have lost its collective mind in one long shriek of uncontrollable rage.But if true, this is a shocking case of the Obama Administration using the authority of the government to suppress dissent, and turning government agencies into Political Commissars. This isn’t completely surprising though. The New York Times penned a huge story which attempted to make the case against pro-Israel charities, and pushing for an investigation. The recently leaked CIA docs suggest that what we’re seeing may be a larger project within the government.

But while the Obama Administration and his media allies go after pro-Israel groups, the Ground Zero Mosque’s misplaced finances get a perfect pass. Nothing to see here folks. Move along.Much as trying to shoot down planes and attack synagogues merits a shrug, while a Muslim cabbie being slashed is the end of America as we know it.Daisy Khan charges that opponents of the Ground Zero Mosque are just like Anti-Semites, but if that were so, then the media would be giving them a pass, they way they do Muslims who try to attack synagogues.

Robert at Seraphic Secret says;The left, reliable idiots for transnational jihad—and yes, Daisy, in spite of her cute all-American name, is a stealth jihadist—always fall back on the same tedious attacks.If you oppose Barack Obama’s policies, it’s not because you have legitimate policy differences, but it’s because you are a bigot.

If you identify Islamist terrorists as, um, Islamist terrorists, that means you hate all Muslims.If you oppose the Ground Zero Mosque, it’s not because you think it’s inappropriate, boorish, and an insult to the memory of the murdered, no, it’s because you’re un-American, a hater, and an Islamophobe.Look, the majority of Americans are tolerant, decent people. They do not appreciate being demonized at every turn of the newscycle. Nancy Pelosi calls the Tea Party, astroturf. Barack Obama bloviates about those who “cling to their guns and religion. And now the political class is telling normal Americans that the desire to protect and honor the memory of 9-11 victims is, at the core, hatred.

This is Orwellian poison.

Orwell of course foresaw the perversion of language as a tool for the perversion of culture and government. And that is an all too accurate assessment of what we’re experiencing. Language as a weapon with no pretense of law or justice behind it. Just a worldview that justifies inequality in the name of politics. And there is no limit to how far that can go.In England the clock is slipping back to the 1930’s. Boycotts of Jews and the legal assaults on Jewish property have now become routine. Elder of Ziyon advises a response to it.Elder of Ziyon Blog offers free advertising to victims of anti-Israel aggression.In reaction to the vandalism of the Ahava store in London, the Elder of Ziyon blog announces free advertising for every Israeli store that is attacked.

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Aug 26, 2010 – On the night of August 25, 2010, the Ahava cosmetics store in central London was attacked by vandals who splattered red paint on its windows.The vandals were part of a movement that wants to boycott all Israeli products.These groups are not interested in equality, or fairness, or even in the Palestinian cause. They simply want to put a self-righteous veneer on their hatred for the existence of a Jewish state and their opposition to the Jewish right of self-determination.In reaction, the Elder of Ziyon blog has announced a new policy: all stores and organizations that are similarly attacked will get free advertising in the blog.It is to be hoped that all right-thinking blogs will follow suit, so that these sorts of anti-Israel and often anti-semitic stunts end up helping the intended victims.The Elder of Ziyon blog is a popular Zionist website that draws thousands of pageviews daily. I’m reminded of the story of the menorahs of Billings, Montana, when in response to attacks on Jewish homes with menorahs in the windows, thousands of people, both Jewish and non-Jewish, put up menorahs in their windows. But it will take more than that here. A good deal more.Now in the days of the European Union, a personal dream of Mosley and the British Union of Fascists, Mosleylike behavior is becoming commonplace. As Mosley’s ideas about socialism have become the norm, his New Party is now the true dominant party, though it is long gone. And his violence has become the norm among those who adhere to Mosley’s socialism.

TERROR CELL IN CANADA

WORLD TERRORISM

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.

2 PETER 2:5
5 And spared not the old world, but saved Noah the eighth person, a preacher of righteousness, bringing in the flood upon the world of the ungodly;

2 PETER 3:7
7 But the heavens and the earth, which are now, by the same word are kept in store, reserved unto fire against the day of judgment and perdition of ungodly men

LEVITICUS 26:16
16 I also will do this unto you; I will even appoint over you( sudden) terror, consumption, and the burning ague, that shall consume the eyes, and cause sorrow of heart: and ye shall sow your seed in vain, for your enemies shall eat it.

GENESIS 16:11-12
11 And the angel of the LORD said unto her, Behold, thou art with child, and shalt bear a son, and shalt call his name Ishmael; because the LORD hath heard thy affliction.
12 And he will be a wild man; his hand will be against every man, and every man's hand against him; and he shall dwell in the presence of all his brethren.

ISAIAH 33:1,18-19 Woe to thee that spoilest,(destroys) and thou wast not spoiled;(destroyed) and dealest treacherously, and they dealt not treacherously with thee! when thou shalt cease to spoil,(destroy) thou shalt be spoiled;(destroyed) and when thou shalt make an end to deal treacherously, they shall deal treacherously with thee.
18 Thine heart shall meditate terror. Where is the scribe? where is the receiver? where is he that counted the towers?
19 Thou shalt not see a fierce people, a people of a deeper speech than thou canst perceive; of a stammering tongue, that thou canst not understand.

JOHN 16:2
2 They shall put you out of the synagogues: yea, the time cometh, that whosoever killeth you will think that he doeth God service.

Terror Cell Uncovered in Canada
by Elad Benari AUG 27,10

Three people have been arrested in Canada as part of an alleged hometown plot.Hiva Mohammad Alizadeh, 30, and Misbahuddin Ahmed, 26, residents of Canadian capital Ottawa were arrested on Wednesday and made a brief court appearance on Thursday. Police have said that they expect more arrests.The Toronto Star reported on a third arrest in the case, this time of a man who appeared on Canadian Idol, Canada’s version of the popular television program American Idol, in 2008. Khuram Sher, 28, was arrested in London, Ontario, in connection to the terror plot. Sher is a 2005 graduate of the McGill medical school in Montreal. In 2006, he visited Pakistan during relief efforts after an earthquake in Kashmir. He auditioned unsuccessfully for Canadian Idol in 2008, where he told judges he was originally from Pakistan and came to Canada in 2005.The suspects are charged in connection with a plot to make and detonate improvised explosive devices as well as financing terror groups operating in Afghanistan.Canadian police said on Thursday that the terrorist cell was based in Ottawa and had international connections. The cell was only reportedly months away from exploding bombs on Canadian soil, said a senior police official.

Police allege that the three men have been conspiring since February 2008 with three others in a terrorist plot traced back to Iran, Pakistan and Dubai. Chief Superintendent Serge Therriault, the Royal Canadian Mounted Police chief of criminal operations said police seized more than 50 electronic circuit boards that could be used to produce improvised explosive devices, similar to lethal bombs that have been involved in the majority of deaths and injuries of Canadian soldiers in Afghanistan.

This group posed a real and serious threat to the citizens of the national capital region and Canada’s national security, Therriault said.Alizadeh faces charges of making or possessing explosive devices for terrorist purposes and terrorist financing. According to police, he is an active member of an unnamed terrorist group.
Part of the decision to make the arrests at this time was to prevent the suspect from providing financial support to terrorist counterparts for the purchase of weapons which would in turn be used against coalition forces and our troops (in Afghanistan), said Therriault.Alizadeh and Misbahuddin were remanded in custody until they make a video court appearance next Wednesday. Sher’s relatives reacted in shock to his arrest. He was always joking around. He was a contestant on Canadian Idol. He's such a great guy, said Mariam Wasty, Sher’s cousin, to Postmedia News. I don't know why he'd be connected to this.Khurram Sher's uncle, Rafat Syed said: Oh my god, impossible. He's not that type of person. You must be joking.Canadian Prime Minister Stephen Harper said Thursday that terror networks have a global reach: They exist not only in remote countries but through globalization and the Internet, they have links in our country and all through the world,he said.(IsraelNationalNews.com)

Opinion: Is Time a Muslim Magazine?
by Phyllis Chesler AUG 26,10

Phyllis Chesler, Ph.D. is emerita professor of Psychology and Women’s Studies and a frequent contributor to FOX News, Pajamas Media, and Middle East Quarterly.I did not think that the pro-Muslim/pro-Islamist and anti-Western propaganda could get any worse—and yet it just has. TIME magazine has an August 30 cover story titled Is America Islamophobic? Within, the article is titled: Islam in America: It’s part of the fabric of life, but protests reveal a growing hostility to the religion of Muslims.President Obama’s rather strange assertions that seven million Muslims live in America (only 2.5-3 million actually do), and that Islam has always played a role in America, actually contradict the point of this piece, but no matter.One might wonder why any hostility to a productive, historically significant Muslim presence in America exists. TIME magazine does not tell us. The article portrays Muslims as innocent victims and American non-Muslims as prejudiced racists who, historically, once banned Catholicism, tried to limit immigration, burned African-American churches, passed anti-Chinese legislation, criminalized certain Native-American rituals (polygamy, rejection of modern medicine), spawned the Ku Klux Klan, failed to elect a Catholic President until 1960, allowed Father Coughlin’s anti-Semitic, pro-Nazi rants to appear over the airwaves, and interned 120,000 Japanese and Japanese-Americans during World War Two. This is all contained in TIME’s Brief History of Intolerance in America.

This article could easily appear in an Egyptian or Syrian magazine; however it would be Israel that would be blamed for various alleged atrocities, and Palestinians, Hamas, Hezbollah, the Muslim Brotherhood, even al-Qaeda, who would be seen as the innocent victims. TIME magazine does not balance out their history of American intolerance with a history of American tolerance, which included separating the state from religion, reforming religions, instituting a tradition of free speech, fighting a bloody Civil War in order to free the slaves, giving women the vote and educational opportunities, freeing Europe from Nazi fascist rule and waging a Cold war against Soviet totalitarianism.Also missing in the TIME magazine article is the fact that Muslim leaders, in the name of Islam, have behaved very badly and for a very long time. Missing is an equal history of Muslim countries which have practiced colonialism, imperialism, forced conversions, slavery (which is still practiced), and a far more barbaric mistreatment of non-Muslims infidels.Muslim leaders, in the name of Islam, killed and forcibly converted Hindus in India for 800 years—and are still persecuting them; they have also destroyed the Christian Church in the Middle East and Central Asia—it is no more; in its place are only mosques and minarets where once only churches stood. Muslims vanquished Zorastrianism and Buddhism, and both exiled and genocidally exterminated Jews, Armenians, and Greeks. According to Israeli historian, Benny Morris, the Arab 1948 war against Israel must now also be understood as a religious holy war, a jihad, one that is still ongoing (The 1948 War Was an Islamic Holy War, Middle East Quarterly, Summer 2010).

TIME magazine fails to note all this—and gives little credence to more recent historical events.Recently, Muslims, in the name of Islam, have hijacked planes, blown themselves and other people up, flown planes into tall buildings, plotted bomb attacks in New York City’s Times Square and over Detroit, shot American soldiers down on a military base in Texas, plotted to do so on military bases in New York and New Jersey. In addition, mosques everywhere, even in the West, have been preaching death to the Jews, death to Zionists, infidels, and Jihad Now! These mosques and their imams or mullahs have been funded by Arab and Muslim pro-jihad financiers.After years of denial, indifference, and anti-racist, multi-culturally relativist political correctness, Europeans and Americans are only now just waking up to what Israel has been living with for 63 years. Too little, too late, they are now trying to halt some of the Islamist practices which are crimes and are best described as Islamic gender and religious Apartheid. When westerners protest Islamic Apartheid, they are demonized as Islamophobes and racists. This means that any resistance to aggressive Islamification is shamed and slandered. If that doesn’t work, physical intimidation and lawsuits (lawfare) follow.

Incredibly, the Western media and political establishment has taken the Islamist side. They confuse Islamism or radical Islam with the majority of silent Muslims who are too afraid to take on the Islamists, (or who agree with them), and with the small but precious number of Muslim and ex-Muslim dissidents, feminists, secularists, and moderates who do stand up to the Islamists but who are not consulted by western leaders or quoted in the Western media. TIME magazine does not quote Ibn Warraq, Ayaan Hirsi Ali, Seyran Ates, Zeyno Baran, M. Zuhdi Jasser, Magdi Allam, Bassam Tibi, Khaled Abu Toameh, who are Muslims and ex-Muslims who have written major works against Islamism, and who have argued for human rights within Islam, including the right to leave Islam without risking death.TIME magazine’s approach has also been adopted by the mainstream media in how they cover the controversy over the controversial mosque near Ground Zero. Those who oppose it are being called bigots,racists, and madmen, at least in the mainstream media. Those who defend it are seen as enlightened, tolerant victims whose religious freedom has been impinged. Just yesterday, Daisy Khan, Imam Feisel Abdul Rauf’s wife, claimed that the attacks have gone far beyond Islamophobia and are now in the realm of discrimination against Jews.Next thing I expect to hear is that the Zionists are behind the discrimination against the Jewish Muslims. Folks: Welcome to the Middle East in New York City. Now, we are really all Israelis.Phyllis Chesler is the author of thousands of articles and of thirteen books, including Women and Madness (1972), Woman’s Inhumanity to Woman (2002) and The New Anti-Semitism (2003). She may be reached at her website www.phyllis-chesler.com.(IsraelNationalNews.com)

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,(WORLD SOCIALISM) 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/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS FRI AUG 27,2010

09:30 AM +2.25
10:00 AM +15.21
10:30 AM +52.71
11:00 AM +57.97
11:30 AM +110.24
12:00 PM +114.21
12:30 PM +122.08
01:00 PM +99.83
01:30 PM +110.80
02:00 PM +128.81
02:30 PM +132.37
03:00 PM +144.10
03:30 PM +150.46
04:00 PM +164.84 10,150.65

S&P 500 1064.59 +17.37

NASDAQ 2153.63 +34.94

GOLD 1,237.50 -0.20

OIL 75.30 +1.94

TSE 300 11,879.70 +226.50

CDNX 1488.85 +19.93

S&P/TSX/60 692.33 +14.92

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +56 points at 4 minutes of trading today.
Dow -46 points at low today.
Dow +114 points at high today so far.
GOLD opens at $1,241.40.OIL opens at $73.21 today.

AFTERNOON,NEWS,STATS
Dow -46 points at low today so far.
Dow +164 points at high today so far.

WRAPUP,NEWS,STATS
Dow -46 points at low today.
Dow +164 points at high today.

GOLD ALLTIME HIGH $1,260.90 (NOT AT CLOSE)

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).

EU popularity plunges right across the bloc
VALENTINA POP 26.08.2010 @ 17:48 CET

EUOBSERVER / BRUSSELS – People's confidence in the the European Union has dropped to record lows in most countries amid a placid response to the rising unemployment and the troubles of the eurozone, a Eurobarometer published on Thursday (26 August) shows.Fewer than half of Europe's citizens (49 percent) think that their country has benefited from EU membership – a seven-year low - while trust in the bloc's institutions has dropped to 42 percent, six points down compared to autumn 2009.The survey was carried out in May, at the peak of the sovereign debt crisis affecting Greece and the whole eurozone and amid hikes in unemployment all across the continent.The EU's image worsened dramatically in Greece, Cyprus, Portugal, Spain, Romania, Italy and Luxembourg – where confidence in EU institutions fell by 10 to 18 percent compared to the previous year. Only Hungarians and Danes had a slightly better impression of the Brussels apparatus, while Belgians remained unchanged in the level of their opinion.Unemployment remains the biggest concern of EU citizens (48 percent), along with the economic situation in general (40 percent).

EU commission spokespeople on Thursday presented the results in a favourable light, stressing that the confidence levels in EU institutions are still higher than that of national governments and parliaments.I'm not sure we can make a link between the negative perception of citizens about the benefit of accession and criticism of EU institutions. The disappointment about accession could be linked to EU institutions, but also the way national governments have participated in the EU debate, influenced decisions, or the lack of information about the EU," commission spokesman Olivier Bailly said during a press briefing. When asked what they associate the EU with – most of them responded free travel and the euro. Peace was the third most popular answer, closely followed by waste of money (23 percent). Austrians were the most upset about Brussels' way of spending funds – 52 percent – followed by Germans (45 percent) and Swedes (36 percent).Only 19 percent of respondents felt that the EU stands for democracy, a drop of seven points compared to 2009. Just ten percent of the Finns, Brits and Latvians ticked the democracy box. A more idealistic view on the democratic standards upheld by the EU can be observed in Romania (33 percent), Bulgaria (32 percent) and Cyprus (30 percent).It's a clear sign that citizens were expecting Europe to come up with answers to problems which have a European dimension – and they still do, said Amadeu Altafaj Tardio, spokesman for economy and monetary affairs.Indeed, 75 percent of the respondents all across the EU said that stronger co-ordination of economic and financial policies among member states would be effective in fighting the economic crisis. A majority of Europeans, 72 percent, said they would back a stronger supervision by the EU of the activities of the most important international financial groups, an increase of four percentage points in 2009.But knowledge about what the term European economic governance actually means – a term which is still matter of dispute among member states, notably the UK and France - or which national reforms are best equipped to steer the country out of the crisis were not part of the questionnaire.For the first time since this Eurobarometer has been carried out, the survey also included Iceland, now a candidate country for EU accession. The results show that public support for EU membership is low: only 19 percent of respondents in Iceland believe it would be a good thing and 29 percent believe their country would benefit from EU membership.

German judges strengthen EU court, clarify Lisbon ruling
HONOR MAHONY 26.08.2010 @ 17:43 CET

EUOBSERVER / BRUSSELS - Germany's constitutional court has laid down the ground rules for controlling decisions by the EU top's court, an area that had been left unclear after a controversial 2009 ruling by Germany's highest judges on the Lisbon Treaty, the EU's new rule book.In a ruling with far-reaching implications, the German court on Thursday (26 August), gave the green light to a 2005 judgement by the EU court that had called a German law inapplicable.Thursday's pronouncement backed by seven of the eight judges not only avoids a direct conflict with the EU's Luxembourg court but also appears to strengthen it. Germany's court stated that EU decisions may only be checked if European institutions seriously overstep their powers.A headline in the Frankfurter Allgemeine Zeitung says: Karlsruhe (the court) restricts its own powers.EU court decisions can only be re-examined if the breach of EU competences by the EU authority is obvious and the act in question leads to a structurally significant shift in the arrangement of competences between the member states and the European Union to the detriment of member states, says the ruling.The origins of Thursday's ruling began several years ago. The plaintiff in the so-called Mangold case had a temporary work contract with an auto supplier. The arrangement was based on a government law allowing employers to give only temporary work to people over 52 years of age. The EU court ruled that the law, proposed as part of a general package to free up the country's labour market, was age discriminatory and should not be enforced. This in turn led the national court to say the plaintiff was within his rights to ask for a permanent contract.The employer then took the matter to the constitutional court saying that the EU court had overstepped its powers by ruling on short-term contracts as protection against anti-age discrimination was not part of EU primary law but had been handed down in a directive, which member states have some leeway in implementing.

Lisbon Treaty

The constitutional court on Thursday confirmed the original European Court of Justice ruling. Its also clarified its role towards EU court more generally with its statement defining when an EU ruling maybe checked.This had been called into question by a controversial ruling by the Karlsruhe judges in 2009 concerning the Lisbon Treaty, which increases EU power in several areas and had been challenged by a conservative German MP.The 2009 ruling emphasised the principle that the EU could only act if its powers were acknowledged by member states and blatant transgressions would be controlled by the German constitutional court. The judgement raised fears that the German constitutional court could put the break on further EU integration - with the EU court long known as an engine of integration through its case law.

Interpreting Thursday's ruling, the Legal Tribune said (With the decision) the judges in Karlsruhe are clarifying their verdict on the EU Treaty of Lisbon and at the same time are diffusing potential conflict with the ECJ.One judge, Herbert Landau, disputed the decision reached by his colleagues, whom he accused of abandoning the Lisbon Treaty consensus. He said the ECJ decision on age discrimination was clearly overstepping its powers and said his colleagues did not take into account the creeping transfer of powers to the EU.German President Roman Herzog, who has been critical of the direction of the EU court's rulings in the past, has previously written that the Mangold case would set the tone for future relations between the ECJ and national courts.

France exploring tax harmonisation with Germany
VALENTINA POP 26.08.2010 @ 09:41 CET

France is looking to bring its fiscal system closer to that of Germany, French budget minister Francois Baroin has said after visiting his German counterpart Wolfgang Schaeuble.Germany is a model which should be a source of inspiration for us. The political consensus in the German society on reducing the deficits is quite spectacular, Mr Baroin said Wednesday (25 August), Les Echos reports.French President Nicolas Sarkozy intends to accelerate the harmonisation of both fiscal systems, on corporate as well as personal income taxes, the minister added.Mr Sarkozy has requested the French court of auditors to issue a report looking at areas of fiscal convergence with the German system. The report is due by the end of the year, but a pre-report will be published at the end of September.In Germany, there is no wealth tax and no tax shield, but still their economy is flourishing. These are topics which are useful, Mr Baroin said.Mr Sarkozy's government has introduced a tax shield capping the country's wealth tax at 50 percent of income, a move strongly criticised by the Socialist opposition.Germany abolished its wealth tax in 1997, a tax on those earning above a certain threshold, after a negative ruling by the Constitutional Court. Just a year before, the German wealth tax brought in about €4.6 billion to the state coffers.Harmonising tax systems is one way of closing competitiveness gaps within the eurozone which exacerbated the sovereign debt crisis earlier this year.

In the longer term, Paris is also looking at harmonising value-added tax (VAT), which is higher in France – 19.6 percent compared to the German 19 percent - while some services such as hotel and restaurant businesses are benefitting from more exemption in the French system than in the German one.Mr Baroin also sought support from Germany on capping the EU budget, as governments are forced to slash their own spending and do not want to see an increase in their contribution towards the Union's coffers. From the German side, Mr Schaeuble said there is consensus between the two capitals on seeking European harmonisation on bank profits taxation. We don't want to see a regulatory patchwork in Europe, a spokesman for Mr Schauble said, according to DPA.A special meeting of finance ministers in September will discuss the matter further. The German cabinet on Wednesday approved a bank restructuring bill, which includes plans for a bank levy, with proceeds going into a bank restructuring fund that would be used only in the event of future crises. Berlin estimates revenues of about €1.2 billion a year from this bank tax, aimed at protecting the taxpayer from bailing out big banks, as was the case after the collapse of Lehman Brothers in 2008.

Israel rebukes Ashton for voicing concern on military trial
HONOR MAHONY 26.08.2010 @ 09:25 CET

EU foreign policy chief Catherine Ashton has sharply criticised the conviction of Palestinian activist Abdallah Abu Rahmah, earning herself a rebuke from the Israeli authorities.Ms Ashton on Wednesday (25 August) expressed deep concern at the move and reminded the Israeli authorities that Mr Abu Rahmah is committed to non-violent protest.Mr Abu Rahmah was convicted by a military court on Monday on charges of incitement and organising and participating in an illegal demonstration. He was cleared of stone throwing and possession of arms. The 39-year old activist, in jall having been detained in December and now awaiting sentence, is a protest leader in the West Bank village of Bil'in. He faces a maximum sentence of 10 years. The protests are generally peaceful but often see stone-throwing by young protesters.The EU considers Abdallah Abu Rahmah to be a human rights defender committed to non-violent protest against the route of the Israeli separation barrier ... The EU considers the route of the barrier where it is built on Palestinian land to be illegal, said Ms Ashton is a statement. The EU has attended all the court hearings over the past eight months.Her words came a week before the start of the first direct talks between Israel and the Palestinians for more than 18 months. The high representative is deeply concerned that the possible imprisonment of Mr Abu Rahmah is intended to prevent him and other Palestinians from exercising their legitimate right to protest against the existence of the separation barriers in a non-violent manner,the statement continued.UK daily The Guardian reports a spokesperson for the Israeli foreign ministry as saying that Ms Ashton had no right to make such comments.

It is very unusual for a foreign dignitary to express views on the justice system of another country. If [Ashton] has found a flaw in the system, she should say so. Otherwise it's unclear why she should interfere in the proceedings. The fact that she has expressed a view and has disregarded the evidence is highly improper, said spokesperson Yigal Palmor.The Popular Struggle Co-Ordination Committee called the charge absurd, reports the UK's Independent, adding it showed how far the military would go to silence and smear unarmed dissent.The Committee also said that charge of organising demonstrations under Israeli military law had not been used since the first intifada starting in 1987.Ms Ashton's intervention comes in the context of Quartet (the EU, Russia, the Un and the US) efforts to rebuild trust between Israel and Palestine in a fresh round of peace talks due to start on 2 September.

LOOKOUT CANADA ALL THIS HATE AGAINST ISRAEL WILL CLAIM BIGTIME JUDGEMENT ON US.SMARTEN UP CANADA QUI BEING GODLESS AND ISRAEL HATERS.IF YOU HATE ISRAEL YOU GOT JESUS THE GOD OF ISRAEL AND THE WORLD AGAINST YOU.BE WARNED.

Canada: Book Demonizing Israel in School Libraries
by Elad Benari AUG 27,10

The school board in Toronto, Canada, has decided to support a novel that portrays IDF soldiers and Judea and Samaria residents in a negative way.The Shepherd's Granddaughter is a novel published in 2008 by Canadian author Anne Laurel Carter. The story tells the tale of a young Arab girl living in Judea and Samaria who wants to be a shepherd like her grandfather. In her quest to become a shepherd, she encounters violent Jewish residents of Judea and Samaria as well as violent Israeli soldiers, who poison some of her sheep, bulldoze her house, shoot and kill her dog, prevent her family from harvesting their olives, and beat and jail her father and uncle.Toronto parent Brian Henry recently complained to the Toronto District School (TDSB) about the nature of the novel. Henry expressed his concern that the unbalanced book could result in anti-Israel sentiment and anti-Semitism. While he said he did not want the book banned from schools, Henry said in his letter that our teacher-librarians should not be encouraging our children to read a biased, one-sided and prejudicial account of such a complex and sensitive issue.

In a statement released this past March, Frank Dimant, B’nai Brith Canada’s Executive Vice President said: We have written to the provincial Minister of Education expressing our concerns with this book which is so clearly biased against Israel, and have called for its removal from the recommended reading list. Having these types of one-sided books in the classroom marginalizes Jewish children and is definitely not in the spirit of the TDSB, which recently banned the hate-fest known as Israeli Apartheid Week from its schools.Dimant added that a young girl, who admitted to having Jewish friends, recently reviewed The Shepherd's Granddaughter on a popular book-review website and stated that reading this book made her want to go to the West Bank and kill Israelis. Clearly, this propaganda has no place in our classrooms and is against Canadian values.Despite the outrage, however, the TDSB has chosen to continue to support the novel. Chris Spence, the TDSB’s director of education said in a response letter to Henry: After evaluating this report and taking some time to personally read the novel, my decision is to accept the review committee’s nine recommendations. The Shepherd's Granddaughter has the potential to engage our Grade 7 and 8 students (a critical age for the development of social consciousness about human society) in understanding the complex issues of their world. This expression of support means that the novel can continue to be offered to students in school libraries throughout Toronto.(IsraelNationalNews.com)

MUSLIM NATIONS

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

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

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

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

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

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

Iran proposes to produce nuclear fuel with Russia By NASSER KARIMI, Associated Press Writer – Thu Aug 26, 9:46 am ET

TEHRAN, Iran – Iran has submitted a proposal to Russia to jointly assemble the nuclear fuel for the country's new power reactor and any future facilities, state media reported Thursday.The move appeared to be an attempt by Tehran to gain some control over the nuclear fuel process at its Russian-built Bushehr nuclear plant. With Moscow's help, Iran began loading uranium fuel into the facility on Saturday.The United States and allies lifted their opposition to the Bushehr plant after Russia pledged to handle all the nuclear fuel to make sure no material is shifted to a possible Iranian weapons program in the future. The latest proposal by Iran to have even a sideline role in the nuclear fuel process could stir backlash in the West.We have made a proposal to Russia to create a consortium under Russian license to do part of the work in Russia and part in Iran, the head of Iran's atomic energy agency, Ali Akbar Salehi, was quoted as saying by state-run Press TV. We should show the world our capability in uranium production and its conversion into nuclear fuel.Salehi, who is also Iran's vice president, said Moscow is studying the proposal.

An official at the Russian nuclear agency said the two countries have discussed the possibility of creating a facility to assemble the fuel rods for Bushehr. The facility would operate under Russian license on Iranian territory.But the official said the uranium enrichment would be performed on Russian soil. Speaking on condition of anonymity because of the sensitivity of the issue, the official added that Russia first will focus on commissioning the Bushehr plant, and then turn its attention to Iran's new proposal.Russia is currently supplying all the uranium fuel for Bushehr. That fuel is enriched to 3.5 percent, well below the 90 percent enrichment needed for a nuclear warhead.Bushehr is not considered a proliferation risk because the Iranians have agreed to allow Moscow to retrieve all the used reactor fuel for reprocessing. Spent fuel contains plutonium, which can be used to make atomic weapons.Salehi also said that Iran has produced 55 pounds (25 kilograms) of uranium enriched to 20 percent since February. Iranian officials say the uranium enriched to 20 percent is needed to fuel a medical research reactor.Iran's refusal to stop enriching uranium lies at the heart of its dispute with the West over Tehran's nuclear program. Iran says it needs to enrich uranium to make fuel for an envisaged reactor network, but highly enriched uranium can be used to create fissile material nuclear warheads.The United States and other nations fear Iran aims to produce nuclear weapons under the cover of its civil nuclear power program. Iran denies the charge, and says its program is peaceful.The U.N. Security Council imposed a fourth round of sanctions on Iran in June over Tehran's refusal to stop enriching uranium.Associated Press writer Lena Yegorova in Moscow contributed to this report.

Palestinians riot in east Jerusalem neighborhood By DALIA NAMMARI, Associated Press Writer - Thu Aug 26, 1:13 pm ET

JERUSALEM – Palestinian residents in east Jerusalem threw rocks at police and settlers and set cars on fire in an ongoing dispute over a contested neighborhood Thursday.Police spokesman Micky Rosenfeld said the early morning clashes in Silwan neighborhood erupted due to a disagreement over a pathway claimed by both Jewish and Arab families. He said an Israeli court ruled in 2000 that the pathway belongs to a Jewish family.Palestinian residents, however, say the clash erupted after settlers were seen trying to break into a local mosque.About 50,000 Palestinians and 70 Jewish families live in Silwan and tensions are high in the neighborhood over a municipal plan that includes the slated demolition of Palestinian homes. There have been recent clashes.The pathway leads to an ancient underground spring that some Jews use as a ritual bath to cleanse themselves before morning prayers.

There is a mosque near the spring's entrance.

Silwan resident Ahmed Qaraein told The Associated Press that residents saw four settlers trying to enter the mosque compound. He said he yelled at the settlers and they ran to a nearby house.Palestinian residents then threw rocks at the house and settlers responded with warning shots, Qaraein said.Rosenfeld denied anyone tried to enter the mosque.Israel captured and annexed east Jerusalem in the 1967 Mideast war. Israel considers the sector part of its capital. That claim is not recognized internationally.The fate of east Jerusalem figures to play a central role in Israeli-Palestinian peace talks set to resume next week.

Former IAEA Inspector Warns Iran Can Build Atomic Weapon
by Chana Ya'ar AUG 26,10

A former nuclear inspector for the United Nations International Atomic Energy Agency (IAEA) is warning that Iran already has the capacity to produce a nuclear bomb.Olli Heinonen revealed the information in an interview with the French Le Monde magazine on Thursday.According to Reuters, quoting the interview, Heinonen was an expert on Iran’s nuclear program during his tenure as the deputy director-general of the IAEA, heading the agency’s nuclear safeguards arm.The Finnish official said the Islamic Republic currently possesses three tons of low-enriched uranium which has the potential to be used in building an atomic bomb.Interviewed just prior to stepping down from his post this August for personal reasons, Heinonen said, In theory, it is enough to make one or two nuclear weapons. But it makes no sense to go all the way to the final step, when one only has just enough material for two weapons.

Peaceful Claims, But Galloping Pace

Tehran is continuing to insist that its intentions are peaceful, although intelligence officials in Israel, the U.S. and other Western nations are convinced Iran is racing to build a nuclear weapon. Earlier this month, the Islamic Republic activated a second centrifuge cascade, linking it to one activated in February, a move the IAEA said has enabled Iran to produce enriched uranium at up to 20 percent in the two linked cascades.

Both are located at the Natanz facility.

In addition, Ali Akbar Saleh, the head of Iran’s atomic program, announced 10 days ago the country plans to build a third uranium enrichment plant within the year. Construction of a second plant is already underway at a mountain site in Fordo.
(IsraelNationalNews.com)

From Iran's Nuclear Ambitions to Online Hate
by Dan Verbin AUG 27,10

Rabbi Abraham Cooper was in Toronto last week to address members of the Simon Wiesenthal Center on a range of issues of importance to the Jewish community.

Speaking with Shalom Life, Cooper, the Associate Dean of the center, noted that Toronto has 24,000 Simon Wiesenthal Center members out of a total of 400,000 worldwide.Canada’s grassroots support is very loyal. I wanted to give them a perspective and update, he said.One of Cooper’s biggest concerns at the moment is Iran’s nuclear program. He recently met with a senior official of the White House’s National Security Council to address a Congressional vote on the Nuclear non-Proliferation Treaty in which Israel was named for the first time, but Iran was not mentioned.In terms of what to do to ensure Iran does not develop nuclear weapons, he said, Everyone’s hoping and praying that the sanctions that are in place, at least on paper, will have an effect.He also believes that efforts have to ratcheted up to make sure that overseas subsidiaries of companies don’t use loopholes to continue trading with Iran. For instance, there was a recent report that German firms are continuing to help the Iranian regime even though they are not supposed to.

It’s perfectly understandable to focus on the existential threat of a homicidal maniac like Ahmadinejad and the mullahs who want to do in Israel and the Jews, said Cooper. However, he and his colleagues have visited the United Arab Emirates twice where they met with top government officials and the UAE is just as worried about Iran as Israel is. He explained how from the Atlantis Hotel in Dubai, you can see the three islands of Abu Moussa, Greater Tunbs and Lesser Tunbs, which are currently are under Iranian control (the UAE believes that these Persian Gulf islands belong to them).Just across the water, the Iranian threat is an existential threat to [the UAE’s] very nice world order where oil is an ATM machine to them and the United States has provided cover all of these decades.The message Cooper heard from UAE officials: If the bomb isn’t stopped, they are going to have to make a deal with the devil.They are not sleeping at night; this has nothing to do with Israel, he said. In fact, they are hoping that the United States and Israel and others will get together to take out that threat.According to Cooper, many American diplomats, journalists and experts are way off course when they say, What would be so bad if Iran gets the bomb? It will make Israel behave and make the Arabs thank us so what’s the big deal? This is an issue that much more profound because when they go nuclear, so does Egypt, so does Kuwait, Saudi Arabia, the UAE will have no problem with their chequebook to do the same. Can you imagine a Middle East in which every zip code has nuclear weapons? Nobody there who we spoke to wants to do it, everyone there will do it. So the stakes are much higher and go far beyond our concerns for our families and friends in Israel. It’s the whole region.He would have liked to see President Barack Obama up the pressure on the Ahmadinejad government a lot earlier. Right now, however, he seems to be on it.

He also mentioned that the US government needs to do much more to support the pro-democracy movement in Iran, saying that in the past the American government has always used its power to support dissident movements – for example, with Voice of America broadcasts –in places like the former Soviet Union. Cooper also touched on digital hate crime. Each year, the Simon Wiesenthal Center puts out a report on Digital Terrorism.The online battle between pro-terrorists and pro-democracy activists is raging, said Cooper. It may be a silent war but it’s a very real war.

Cooper, who meets with Internet corporations such as Yahoo, Google and Facebook, explained that in the U.S. because of freedom of speech, they approach online hate by asking companies to take down offending sites citing violations of terms of usage.
We’ve generally been very successful at that, taking offline thousands of websites and other hateful postings, he said. You and I both know that that doesn’t mean these groups and individuals don’t try to re-organize and find another way to come right back on, through another service. That’s a kind of ongoing guerrilla warfare.As far as he is concerned, Canada has the best approach in the world to such matters, especially with our anti-hate laws. Cooper, who deals with Canada’s IP association, said that it takes usually no more than a phone call or an email to a Canadian ISP for a hate site that has crossed the line to be removed.He said that Canadians reach for their best instincts while Europeans are mired in bureaucratic minutia of the sort that generally makes dealing with the removal of anti-Semitic or racist content very tricky.Social networking seems to be the new battlefront, with many serial haters using Youtube postings to spread their vile messages.That said, Cooper is quick not to blame the Internet or technology for spreading the poison. It’s the other way around, with the hatemonger responsible, from the days of the mimeograph up to today with Facebook.When we talk about Canada, we hold it up as an example because it’s really a combination of the private sector, law enforcement, the media and the public, Cooper commented. Overall, it works really well. I’m sure there is a lot of frustration about the offshore addresses that these people end up using. It’s a struggle.(Reprinted with permission from Shalom Life)(IsraelNationalNews.com)

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

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

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

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

DANIEL 11:21-23
21 And in his estate shall stand up a vile person, to whom they shall not give the honour of the kingdom: but he shall come in peaceably, and obtain the kingdom by flatteries.
23 And after the league made with him he shall work deceitfully: for he shall come up, and shall become strong with a small people.
24 He shall enter peaceably even upon the fattest places of the province; and he shall do that which his fathers have not done, nor his fathers' fathers; he shall scatter among them the prey, and spoil, and riches: yea, and he shall forecast his devices against the strong holds, even for a time.

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

JEREMIAH 6:14
14 They have healed also the hurt of the daughter of my people slightly, saying, Peace, peace; when there is no peace.

JEREMIAH 8:11
11 For they have healed the hurt of the daughter of my people slightly, saying, Peace, peace; when there is no peace.

1 THESSALONIANS 5:3
3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

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

Freeze Dramatically Drove Up Housing Prices in Judea, Samaria
by Gil Ronen AUG 26,10

Construction starts and house sales in 2010 dropped by 70% in Judea and Samaria and by 30% in Jerusalem, compared to 2009.Housing is almost impossible to find throughout Judea and Samaria as a result of the ten month freeze that ends in September, according to Yisrael Ze'irah, the director of BeEmunah, a group that promotes religious-Zionist housing. In places like Efrat, Maaleh Adumim and all of the large settlement blocs, Zeirah said, all of the housing has been sold out and prices have risen dramatically as a result.As a result, he told Arutz Sheva's Hebrew language service, some of the demand has turned elsewhere, to old Israel within the 1949-armistice lines. Zeirah called on the religious-Zionist public to take interest in housing in these places as well – many of which are in a process of strengthening religious identity.We in the BeEmunah project are focused on several projects that required Torah core groups. We came out with projects in Pardes Hana, Lod, Yokne'am – places with national and spiritual importance.Our arrival has great influence, he said. In Yokne'am there are 36 of our families, in Pardes Hana 84. There is a thirst for spirituality... Wherever the religious Zionist public arrives, we feel wanted. Even in Yafo, where some NPOs filed High Court motions against us, the public itself tells us – we were waiting for you to arrive.(IsraelNationalNews.com)

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.

Storm Earl in central Atlantic better organized
Thu Aug 26, 5:25 pm ET

NEW YORK (Reuters) – Tropical Storm Earl in the eastern Atlantic Ocean continued to move westward on Thursday, with the U.S. National Hurricane Center still expecting the system to become the season's third hurricane by Saturday.Early computer models still show the storm moving west and then northwest, eventually passing well west of Bermuda and away from key oil and gas producing areas in the Gulf of Mexico.In its latest advisory, the NHC said Earl, located about 1,620 miles east of the northern Leeward Islands, was getting better organized.The system was moving slightly faster at 18 miles per hour (30 km per hour), but maximum sustained winds were unchanged from earlier at about 45 mph (75 km per hour).Some additional strengthening was forecast during the next 48 hours, and Earl could become a hurricane by Saturday.

Meanwhile, Hurricane Danielle strengthened on Thursday, with wind speeds of 110 mph up slightly from 105 mph earlier but still just below major Category 3 strength.
Danielle was located about 680 miles southeast of Bermuda, moving northwest at about 15 mph.The system was expected to gradually turn in a more northerly direction and strengthen into a major hurricane tonight or on Friday as wind climb to 111 mph or higher.Computer models still showed Danielle tracking northwest and then north, eventually passing to the east of Bermuda.The NHC was also monitoring an area of disturbed weather associated with a tropical wave about 450 miles southeast of the southern Cape Verde Islands in the far eastern Atlantic.There was about a 20 percent chance that system would become a tropical cyclone during the next 48 hours as it moved westward at 15 to 20 mph.(Reporting by Joe Silha; Editing by Marguerita Choy)

Dow ends below 10,000 on economic worries
By Leah Schnurr – Thu Aug 26, 5:18 pm ET

NEW YORK (Reuters) – The Dow closed below 10,000 on Thursday a day ahead of an expected downward revision in U.S. second-quarter economic growth and a major speech by Federal Reserve Chairman Ben Bernanke.Major technology shares were among the biggest losers, with the Nasdaq falling more than the Dow and S&P 500. Tech shares have been seen as a proxy for economic growth. Cisco Systems (CSCO.O) fell 2.4 percent to $20.70, while Intel (INTC.O) gave up 1.6 percent at $18.18.Stocks initially rose on data showing first-time claims for jobless benefits fell more than expected last week, but the number was still too high to signal a shift in the weak labor market. The four-week average of new claims, regarded as a better gauge of trends, rose to the highest since late November.The best the bull can say is that the recovery is evening itself out now, it's not accelerating any more, said Linda Duessel, market strategist at Federated Investors in Pittsburgh.We think it's a soft patch and not a double dip, but the market is pricing more and more for a double dip, so you're vulnerable to the upside.The Dow Jones industrial average (.DJI) fell 74.25 points, or 0.74 percent, to 9,985.81. The Standard & Poor's 500 Index (.SPX) shed 8.11 points, or 0.77 percent, to 1,047.22. The Nasdaq Composite Index (.IXIC) lost 22.85 points, or 1.07 percent, to 2,118.69.It was the first time the Dow has closed below the psychologically important 10,000 level since July 6. The market then began a rebound and logged seven straight days of gains.

In his speech on Friday Bernanke is likely to discuss the uncertain prospects for the economy but isn't expected to give many clues about whether the U.S. central bank will pump more cash into the economy to keep the recovery going.Bernanke and central bankers from around the world are gathering for their annual meeting in Jackson Hole, Wyoming, with the agenda expected to include a discussion of printing yet more money to spur growth.After a recent spate of poor economic numbers, there were jitters the GDP data could show the economy is weaker than originally thought. The government's preliminary reading is expected to come in at 1.4 percent, down from 2.4 percent estimated a month ago. Estimates range broadly from 0.9 percent to 2.2 percent, according to a Reuters poll. On the technical picture, investors were still looking for the 1,040 level on the S&P to act as support. Some consider a dip below that level to be a buying opportunity, as was seen on Wednesday when the index briefly fell below it.In deal news, Dell Inc (DELL.O) raised its bid for data storage company 3PAR Inc (PAR.N) to $1.6 billion (HPQ.N).But Hewlett-Packard Co (HPQ.N) came back with a revised offer of $1.8 billion after the closing bell, sending 3PAR's shares up 7.2 percent to $27.90 in extended-hours trading. Shares of 3PAR closed at $26.76. HP closed down 0.1 percent at $38.22, while Dell ended down 0.3 percent to $11.75.In after-hours trade, Dell lost 0.9 percent to $11.65 and HP slipped 0.4 percent to $38.05.

A drop in shares of coal companies weighed on the energy sector for a second day as the price of natural gas fell, raising concerns that power plants would switch to gas from coal. Massey Energy (MEE.N) fell 4.2 percent to $27.93, while the S&P energy sector (.GSPE) fell 1 percent.About 7 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, well below last year's estimated daily average of 9.65 billion.Declining stocks outnumbered advancing ones on the NYSE by 1,928 to 1,064, while on the Nasdaq, decliners beat advancers 1,770 to 861.(Reporting by Leah Schnurr; Editing by Kenneth Barry)

POISONED WATERS

REVELATION 8:8-11
8 And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the sea became blood;
9 And the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.
10 And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;
11 And the name of the star is called Wormwood:(bitter,Poisoned) and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter.(poisoned)

REVELATION 16:3-7
3 And the second angel poured out his vial upon the sea; and it became as the blood of a dead man: and every living soul died in the sea.(enviromentalists won't like this result)
4 And the third angel poured out his vial upon the rivers and fountains of waters; and they became blood.
5 And I heard the angel of the waters say, Thou art righteous, O Lord, which art, and wast, and shalt be, because thou hast judged thus.
6 For they(False World Church and Dictator) have shed the blood of saints and prophets, and thou hast given them blood to drink; for they are worthy.

Panhandle firm sues Gulf oil well fluids company By MELISSA NELSON, Associated Press Writer - AUG 26,10

PENSACOLA, Fla. – The Panhandle's largest private landowner on Thursday sued a Houston-based company responsible for the drilling fluids including mud that should have controlled the pressure in the well and prevented the blowout of BP's failed Gulf of Mexico oil well.Real estate developer St. Joe Co. is seeking unspecified damages against M-I SWACO for a decline in the value of its 577,000 Panhandle acres and in its developments. At its worst point during the massive Gulf oil spill, the company said it lost about $1.4 billion in stock value.The company's stock closed at $24.13 a share on Thursday. It had reached a six-month high of $37.44 on April 29 before the spill began to reach the coast.A month after the spill, an international airport opened in Panama City on land donated by St. Joe and surrounded by land the company planned to develop. St. Joe had courted Southwest Airlines to service the airport under a unique plan in which the company agreed to pay the airline's fuel bill if it did not reach passenger goals in the opening year.St. Joe lead counsel William Brewer said the company had a positive future before the spill.

Sitting in the chair that any one of the executives at St. Joe sits in, you would have said on April 19 that you were as proud as punch at what you had done and that our future was very bright indeed, he said.But less than two months later, St. Joe had lost more than 40 percent of its stock value.M-I SWACO did not return phone messages and e-mails seeking comment on the lawsuit filed in Superior Court in Delaware. St. Joe filed a similar action against Halliburton on Aug. 4 and the company has said it plans to sue others involved in the BP well.On April 20, an oil rig owned by Transocean Ltd. and leased by BP exploded 50 miles off the Louisiana coast, killing 11 workers and triggering the world's worst peacetime spill. Oil fouled the beaches in Gulf coast states and drove away tourists.The company being sued, M-I SWACO, is a joint venture between Nevada-based Schlumberger of and Smith International of Delaware.According to the lawsuit, SWACO officials ignored safety warnings on the Deepwater Horizon.Eleven crewmembers lost their lives. ... Since that time, experts have universally concluded that the decision to remove drilling mud before the well had been finally plugged was a significant cause of the explosion, the lawsuit states.M-I SWACO deliberately chose to implement and execute a drilling fluid program on the Deepwater Horizon it knew was grossly negligent, unsafe and inherently flawed, the lawsuit says.Messages left for the press contact at M-I SWACO weren't immediately returned Thursday.

SINS OF PEOPLE

ISAIAH 5:20-25
20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!
21 Woe unto them that are wise in their own eyes, and prudent in their own sight!
22 Woe unto them that are mighty to drink wine, and men of strength to mingle strong drink:
23 Which justify the wicked for reward, and take away the righteousness of the righteous from him!
24 Therefore as the fire devoureth the stubble, and the flame consumeth the chaff, so their root shall be as rottenness, and their blossom shall go up as dust: because they have cast away the law of the LORD of hosts, and despised the word of the Holy One of Israel.
25 Therefore is the anger of the LORD kindled against his people, and he hath stretched forth his hand against them, and hath smitten them: and the hills did tremble, and their carcases were torn in the midst of the streets. For all this his anger is not turned away, but his hand is stretched out still.

2 TIMOTHY 3:1-5
1 This know also, that in the last days perilous times shall come.
2 For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
3 Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,
4 Traitors, heady, highminded, lovers of pleasures more than lovers of God;
5 Having a form of godliness, but denying the power thereof: from such turn away.
6 For of this sort are they which creep into houses, and lead captive silly women laden with sins, led away with divers lusts,
7 Ever learning, and never able to come to the knowledge of the truth.

1 TIMOTHY 1:9
9 Knowing this, that the law is not made for a righteous man, but for the lawless and disobedient, for the ungodly and for sinners, for unholy and profane, for murderers of fathers and murderers of mothers, for manslayers,
10 For whoremongers, for them that defile themselves with mankind, for menstealers, for liars, for perjured persons, and if there be any other thing that is contrary to sound doctrine;

DECIEVERS WAXING WORSE AND WORSE.

2 TIMOTHY 3:13
13 But evil men and seducers shall wax worse and worse, deceiving, and being deceived.

MORE SIN SIGNS

EPHESIANS 5:5-8
5 For this ye know, that no whoremonger, nor unclean person, nor covetous man, who is an idolater, hath any inheritance in the kingdom of Christ and of God.
6 Let no man deceive you with vain words: for because of these things cometh the wrath of God upon the children of disobedience.
7 Be not ye therefore partakers with them.
8 For ye were sometimes darkness, but now are ye light in the Lord: walk as children of light:

Saudi cleric slammed over fatwa on women cashiers
By ABDULLAH AL-SHIHRI, Associated Press Writer – Thu Aug 26, 11:48 am ET

RIYADH, Saudi Arabia – A conservative Saudi cleric was told to stop giving unauthorized edicts after he called for a boycott of a supermarket chain that employs women as cashiers, the office of the kingdom's most senior religious leader said Thursday.The move is the first public reprimand of a prominent cleric following a royal decree that limits the issuance of fatwas to the country's most senior group of clerics. Fatwas are religious edicts that provide guidance in matters of everyday life to pious Muslims.Sheik Youssef al-Ahmed had urged people not to shop at Panda Supermarket because women there work in jobs that allow for the mingling of the sexes, which the cleric said was a violation of Islamic law.Saudi media reported that al-Ahmed's fatwa forced the supermarket management to reassign 11 of its women employees to other positions on Wednesday. The chain could not be reached for comment.Grand Mufti Sheik Abdul-Aziz Al Sheik's office said Thursday he had summoned al-Ahmed and ordered the cleric to refrain from issuing unauthorized fatwas.The office said it received a pledge from al-Ahmed not to issue any fatwas without approval.

Saudi Arabia follows a strict interpretation of Islam and religious leaders have strong influence over policy making and social mores. Sexes are segregated in schools and public places. Women are not allowed to drive or vote, and physical education classes are banned in state-run girls' schools.Saudi King Abdullah has been trying to clamp down on ultraconservative ideology, including allowing women to take up commercial jobs.Earlier in August, Abdullah decreed that only the powerful government-sanctioned Council of Senior Islamic Scholars could issue fatwas. And last year, the king dismissed a hard-line cleric who criticized a newly inaugurated university for allowing men and women to take classes together.But reining in the fatwas — or any learned scholar from providing them — may prove difficult as they are a way of life for observant Muslims who freely seek guidance from their local clerics.In a call-in TV show on satellite channel al-Usra, which is Arabic for The Family, al-Ahmed defended his edict.The fatwa has fueled campaigns on the Internet and through social networking groups. A group on Facebook had nearly 1,500 members supporting al-Ahmed.Al-Ahmad said having women work as cashiers was a step toward adopting a Westernized project.This is a project of the hypocrites that must be stopped, it's a violation of the country's laws, he said in the show.In another example of the clash between fatwas and state policy, a senior cleric recently said women should not participate in international or local equestrian competitions because it violates rules of modesty and causes them to mingle with men.The edict went against the kingdom's decision to send young female competitor Dalma Malhas to the Youth Olympics in Singapore.Malhas, 18, won a bronze metal on Tuesday in the first ever Saudi female participation in international sports events, according to the English language Arab News daily.But Sheik Saud al-Funiasan claimed in comments on a Saudi website that women in equestrian events are defiant public violators of Islamic law. Authorities must prevent that. Only an impertinent ... would accept or praise such an act, said al-Funiasan, according to the Ijaz website. Associated Press Writer Sarah El Deeb contributed to this report from Cairo.

WW3 THE 3 WAVES THAT MARCH TO ISRAEL

AMOS 9:10
10 All the sinners of my people shall die by the sword, which say, The evil shall not overtake nor prevent us.

DANIEL 11:40-45
40 And at the time of the end shall the king of the south( EGYPT) push at him:(EU DICTATOR IN ISRAEL) and the king of the north (RUSSIA AND MUSLIM HORDES OF EZEK 38+39) shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over.
41 He shall enter also into the glorious land, and many countries shall be overthrown: but these shall escape out of his hand, even Edom, and Moab, and the chief of the children of Ammon.(JORDAN)
42 He shall stretch forth his hand also upon the countries: and the land of Egypt shall not escape.
43 But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.
44 But tidings out of the east(CHINA 2ND WAVE OF WW3) and out of the north(RUSSIA, MUSLIMS WHATS LEFT FROM WAVE 1) shall trouble him:(EU DICTATOR IN ISRAEL) therefore he shall go forth with great fury to destroy, and utterly to make away many.( 1/3RD OF EARTHS POPULATION)
45 And he shall plant the tabernacles of his palace between the seas in the glorious holy mountain; yet he shall come to his end, and none shall help him.

REVELATION 14:18-20
18 And another angel came out from the altar, which had power over fire; and cried with a loud cry to him that had the sharp sickle, saying, Thrust in thy sharp sickle, and gather the clusters of the vine of the earth; for her grapes are fully ripe.
19 And the angel thrust in his sickle into the earth, and gathered the vine of the earth, and cast it into the great winepress of the wrath of God.
20 And the winepress was trodden without the city,(JERUSALEM) and blood came out of the winepress, even unto the horse bridles, by the space of a thousand and six hundred furlongs.(200 MILES) (THE SIZE OF ISRAEL)

The Third and Final Wave of WW3 is when all Nations march to Jerusalem, but JESUS bodily returns to earth and destroys them,sets up his KINGDOM OF RULE FOR 1000 YEARS THEN FOREVER.

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

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

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

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

Mystery surrounds NKorean leader's trip to China By DAVID WIVELL, Associated Press Writer - AUG 26,10

CHANGCHUN, China – Mystery surrounded North Korean dictator Kim Jong Il on his strangely timed visit to China while former U.S. President Jimmy Carter was in North Korea winning the release of an imprisoned American.Kim's Thursday trip to China was his second in three months — unusual for a man who never flies and travels only by armored train. It has not been announced by either country.That has led to speculation by South Korean media and regional analysts that he may be seeking Chinese aid following flooding in his impoverished country's northwest — and could be laying the diplomatic ground work for the succession of his son, who is thought to be traveling with him.A convoy of 30 cars left the northeastern city of Jilin on Friday morning where Kim apparently spent the night, South Korea's Yonhap news agency reported, and was seen entering a government guesthouse in Changchun, an hour's drive away. The highway between the cities was blocked briefly and an increase in security was seen around the guesthouse.Meanwhile, Carter left North Korea on Friday, according to Carter Center spokeswoman Deanna Congileo. She said the elder statesman secured the release of 31-year-old Aijalon Gomes, an American sentenced to eight years of hard labor in a North Korean prison and fined some $700,000 for entering the country illegally.Carter, who is well-regarded in North Korea despite the two countries longtime animosity, met with Kim's father, late President Kim Il Sung, on his last trip to Pyongyang in 1994 — a warm meeting that led to a landmark nuclear disarmament deal.Kim's travels typically are not publicized by North Korea until after his return, although his stop in Jilin city was confirmed by two teachers at the Yuwen Middle School, a school Kim's father once attended that carries historic and patriotic significance for North Koreans.

Kim Il Sung attended the school from 1927 to 1930 after his family fled the Japanese occupation of Korea. Kim biographies say he began absorbing communist ideology while at Yuwen, making it pilgrimage site for North Koreans seeking to pay homage to the one-time anti-Japanese guerrilla fighter-turned-president.Such a visit just days before the 100th anniversary of Japan's colonization of Korea carries symbolic weight as well. North Korea tends to play up the Kim family's patriotism during succession campaigns.Kim Jong Il watchers will be eager to see television footage or photos of the 68-year-old leader to check his health. In video run by Chinese Central Television in May, Kim appeared thin but vigorous during meetings with China's President Hu Jintao and other officials, despite having reportedly suffered a stroke in 2008.It's widely believed that Kim is preparing to transfer power to his third and youngest son, Kim Jong Un, and many North Korea watchers predict the son will be appointed to a key party position at a rare ruling Workers' Party meeting early next month.Kim is at a crucial crossroads — whether to hold the party's conference as scheduled or delay it until after they've recovered from floods, said Cheong Seong-chang, a senior analyst at the Sejong Institute think tank outside Seoul. Kim desperately needs Chinese food aid to hold the party's conference as planned.The flooding earlier this month damaged or destroyed more than 7,000 homes, and wiped out bridges and railways, the North's official Korean Central News Agency reported Thursday. China has already offered aid to help North Korea cope, KCNA said.

The North faces chronic food shortages and has relied on outside aid to feed its people. Seeking to improve its meager economy, Pyongyang has experimented with limited market reforms and sought foreign investment, mostly from China and South Korea. But joint projects with South Korea have withered in the face of tensions, heightening Pyongyang's reliance on Beijing.For its part, China is certain to use Kim's visit as an opportunity to prod North Korea toward rejoining international talks aimed at nuclear disarmament.China has hosted the six-nation talks since 2002 but North Korea walked away from them last year in protest over the international condemnation that followed its testing of a long-range missile. Prospects for restarting negotiations were undermined further after a South Korean warship sank in March, killing 46 sailors. Seoul and Washington accuse North Korea of torpedoing the vessel, while the North denies involvement and has threatened harsh retaliation if punished.It is not known who Kim was to meet on this trip, although someone of his stature would likely meet a senior leader. The Tokyo Shimbun reported that Chinese Vice President Xi Jinping may meet Kim.Still, North Korea watchers puzzled over the timing of the visit — so soon after his last trip to China and during Carter's visit. He should be seeing Carter, but perhaps he has lost all hope in the U.S. said Cui Yingjiu, a retired professor of Korean language at Peking University in Beijing who was a schoolmate of Kim's in the 1960s and retains ties to the North Korean elite. U.S. officials have stressed that Carter's trip is an unofficial, private visit to negotiate the release of Gomes. However, such visits, like the journey by ex-President Bill Clinton a year ago to secure the release of two American journalists, also offer an opportunity for unofficial diplomacy between the U.S. and North Korea. Associated Press writer Jean H. Lee and Kwang-tae Kim in Seoul contributed to this report.

CHINA BUYS EUROS TO SECURE SELF
http://www.youtube.com/watch?v=9C6s3bFs_TU&feature=player_embedded

China Buys Euros as Fear of World Depression Grows
Webster G. Tarpley TARPLEY.net August 25, 2010

The US Treasury has just announced that China’s official holdings of U.S. Treasury securities declined by about $30 billion between April and May of this year, from about $900 billion to some $868 billion. According to the US authorities, this means that Chinese holdings of US government paper are now at the lowest level in the past year. A 2% to 3% decline in a month does not qualify as massive dumping, but simply means that China is in the process of diversification. It is also very likely that China has more U.S. Treasury bonds than this official count would indicate, quite possibly through proxy purchases via Hong Kong and other places.With the sales of existing homes in the United States falling by 27% this morning, together with disastrous statistics regarding unemployment and foreclosures, it ought to be obvious that the US economy is in depression. Even experts interviewed on CNBC are beginning to wake up to this obvious fact.

World Bond Bubble

On August 24, the Treasury’s two-year note reached its highest price in recorded history, meaning that the yield was at a record low. The entire world is piling into short-term U.S. Treasury paper, and many buyers cannot get enough. This makes a mockery out of the right wing reactionary refrain that the US equals Greece and soon will be unable to borrow. If, according to the crackpot Austrian theory, markets know things that individual humans cannot know, then surely the market is signaling a great desire for Treasury bills and Treasury notes at the short end. The main reason for this demand is of course fear and panic – coming from the growing awareness that the world is indeed experiencing the second wave of a world economic depression of colossal proportions.There is now a large-scale international bond bubble involving, among others, US treasuries and German Bunds. Since the flash crash of May 6, many investors have fled the stock markets entirely. It is still too soon to sound the alarm on deflation ahead, but deflation has now appeared over the horizon as a concrete possibility – partly because so many major financial players are now convinced that deflation is the wave of the future. If this were to come about, it would mean a depression looking much more like 1929-1933 than the relatively more mild situation we have experienced over the last two years. The depression may be taking a turn toward something far more excruciating for the masses of the population. One by-product of that would be vastly decreased popular gullibility for the anti-government recipes of the libertarian Austrian school, which are tailored for those who have money, and which have very little appeal to people who are unemployed, homeless, and starving.

Also on August 24, the Japanese yen hit a 15-year high compared to the dollar, and a nine-year high compared to the euro. This kind of currency championship is a Pyrrhic victory which nobody wants, since it means the Japanese exports are in the process of being strangled. This is true currency chaos and world depression at the same time, pointing once again towards the urgent need to restore the fixed rate system of Bretton Woods, which was destroyed 39 years ago this month by Nixon and Kissinger, urged on by Milton Friedman and other snake oil economists.For the past year, the main thrust of the London and New York financial centers has been the effort to export the Depression into Europe by means of a speculative attack on the government bonds of Greece, Spain, Portugal, and some other countries, all designed to provoke a panicked flight out of the euro, which would in turn allow the Anglo-Americans to loot and asset strip the accumulated wealth of the old continent. This was not a market event, but it orchestrated strategic attack, inspired by such figures as Soros, Einhorn, and Paulson. During July and the first half of August, it became apparent that this Blitzkrieg as originally planned had failed to reach its objectives. But the Anglo-Americans, one-trick ponies as always, maybe persisting in the assault.

China Blocks US-UK Attack On Euro

The Anglo-American hedge fund attack, as we have documented here, employed credit default swaps as the primary weapon against Greek, Portuguese, and Spanish government bonds. The failure of London and New York to induce a panic flight out of the euro during the May-June timeframe was partly results of the German self-defense measures, involving bans on naked credit default swaps and bans on naked shorting of German equities. In addition to this, Chinese support for the euro has played a decisive role.There is every indication that the Chinese made a decision not to allow the destruction of the euro during the late spring and early summer. That decision was technical, commercial, and political at the same time. The technical part was the China sought to re-balance the basket of currencies it uses to maintain the international stability of the renminbi. As the euro looms larger in Chinese trade, purchases of euros and Eurobonds are in order. It is also worth pointing out that the Chinese have not delivered on their promise to radically raise the international value of the renminbi, as hysterically demanded by Tiny Tim Geithner and others. The commercial and political sides of Chinese support for the euro were reflected in the June visit of the Chinese vice prime minister to Greece, notably to the port of Piraeus. This Chinese envoy signed more than a dozen important economic cooperation deals, including shipping and shipbuilding, telecom, and container ports. The deputy Greek finance minister, Theodoros Pangalos, was quoted as saying: The Chinese want a gateway into Europe. They are not like these Wall Street [blankety-blanks], pushing financial investments on paper. The Chinese deal in real things, in merchandise. And they will help the real economy in Greece.1 The emphasis on the production of tangible physical commodities by the Chinese, in contrast to Wall Street’s reliance on a mass of toxic and kited derivatives, points to the real basis of Chinese economic ascendancy. If the Chinese are wise, they will not go overboard with short-term greed, but rather be ready for generous concessions to the Greek labor movement, so as to get the unions on their side. In any case, these euro-denominated Greek purchases are one obvious reason why Beijing is holding fewer greenbacks and more euros.

Will Hungary, Ireland, or Budget Austerity Sink The Euro?

The Anglo Americans are still beside themselves with rage and consternation over the fact that their original attack on the euro has not worked. But since about the middle of August, the euro has fallen from over $1.30 to about $1.26 or thereabouts. Part of this is due to the decline of the New York Stock market, given the long-standing dollar-Dow trade-off. Another negative factor for the euro is doubtless the cruel and stupid deflationary policies introduced by many EU governments in a craven attempt to ward off further speculative attacks. In a depression, government spending is the main thing that supports the entire economy, so cutting the government budget is a recipe for economic disaster, as some EU countries are now being reminded. Another factor is simply the month of August, when Catholic Europe, including France, Italy, Spain, and Bavaria, tends to shut down.

Where Will The Next Panic Break Out?

The world is now in a time of mixed signals and cross-currents. The forces of depression, in the form of $1.5 quadrillion of toxic and kited derivatives, are most emphatically still lurking, and since they have not been shredded, canceled, deleted, outlawed or abrogated, they will soon find a way to explode once again. Serious financial observers are now waiting to see where the next currency or banking panic will come. Over the last day or two, there have been reports of heavy selling of the Hungarian forint, which is inside the EU but not part of Euroland. Late on August 24, Standard & Poor’s announced a major downgrade of Irish debt, switching to a negative outlook. If the panic comes in Hungary or Ireland, then the euro could indeed go down. CNBC traders, in response to the question of how to make money off the crisis of the Hungarian currency, immediately replied that the way to do that was to short the stocks of Austrian banks, who hold much Hungarian debt. From here, the crisis would move on to Germany, and soon the entire continent would be back in the soup. The British pound sterling also has massive vulnerabilities to being the next monetary unit to crash.But the most likely victim remains Wall Street itself. A glance at the stock chart of Bank of America over the past three months shows what any technical analyst would regard as a very ugly picture. There are rumblings that Citibank may be heading towards liquidity trouble in September and October. For those who like to read the tea leaves, CNBC’s Jim Cramer today responded to a question about Citigroup by emphatically declaiming Stick with Citi, and Stick with Pandit. Citigroup, he affirmed, remained his favorite speculation. For contrarians who have learned something over the past two years, this may already be enough to head for the hills. In any case, if the banking panic breaks out in New York, then the dollar may turn out to be the victim.

Bernanke and QE2

Today also brought the publication of the August 10 minutes of the Federal Reserve’s Open Market Committee. These minutes reveal a serious split in the management committee of the US financier oligarchy. Bernanke and his majority are afraid of deflation, and want a new round of quantitative easing – already dubbed QE2 by the Street. But there is also a significant Austro-monetarist reactionary minority who regard inflation as the greater evil, and to whom a deflationary crash would not be unwelcome, as libertarian rantings over many decades have made plain. These tensions may well be on display at the Federal Reserve’s annual conference at Jackson Hole, Wyoming at the end of this week.Another CNBC analyst has ventured to predict a ragged decline of the Dow to about 5,000 over the months ahead. If that begins to happen, then the danger of deflation will be enhanced, and in such a scenario the dollar would actually tend to increase in value compared to other currencies. On the other hand, Helicopter Ben Bernanke’s trademark is his strategy for flooding the system with bailouts and other liquidity if deflation looms. Bernanke is the captain of that ship of fools known as the QE2. The one certainty is that there is no recovery, and that the second wave of a world economic depression dominates the world.