ICH: The Good Germans
It is a commonplace that at the end of WWII scarcely a Nazi or Nazi sympathizer could be found, or even anyone with an inkling that a Holocaust had been taking place. Even as rocks flew through Jewish shop windows and homes were burned, the Good Germans didn't know. Even when Jews began disappearing in huge numbers from right under their noses, the Good Germans weren't aware
While there is much justified consternation surrounding the truly astonishing election of George W. Bush-first he steals power, then it's handed back to him tied with a fancy yellow ribbon-the fact is that for the longest time American foreign policy (and often domestic as well) has been so savage as to shock the world. Yet the average American seems to care as little as the average German did about the Third's Reich's crimes against humanity or the Holocaust. Didn't know, didn't care or-liked it very much. 'We' are empire! Therefore 'we' are a priori justified in anything we do. Rules only apply to lesser nations, lesser beings.
Tuesday, December 07, 2004
Monday, December 06, 2004
DOLLAR VS. EURO
Quotes: Financial Crisis Ahead?
“Buffett said the transfer of the country's ‘net worth’ abroad would eventually lead to ‘major trouble.’ ‘In effect, our country has been behaving like an extraordinarily rich family that possesses an immense farm. In order to consume 4% more than we produce - that's the trade deficit - we have, day by day, been both selling pieces of the farm and increasing the mortgage on what we still own.’”
- Warren Buffett
CEO, Berkshire Hathaway & 2nd Wealthiest Person in the World
“Over time, there is only one direction for the dollar to go – lower.”
- Bob McTeer
President, Federal Reserve Bank of Dallas
“[D]ue to our never-ending deficits what we're seeing is a massive transfer of assets from the U.S. to creditors probably the greatest transfer of assets in history. Over time this is going to mean a lowered standard of living for my kids and your kids, and if it happens quickly it will also mean a lowered standard of living for you and me. When you build up gigantic debts, somebody has to pay for those debts. The great American debt-sponsored party is slowly coming to an end.”
- Richard Russell
Editor-Publisher, Dow Theory Letters
Dow Theory Letters
The long-term picture is pretty bad.”
- Jagadeesh Gokhale
Senior Fellow, Cato Institute;
& research publisher for the Federal Reserve Bank of Cleveland
“To give you idea how big the problem is, you'd have to have an immediate and permanent 78 percent hike in the federal income tax [to close a $51 trillion fiscal gap]…. The country's absolutely broke, and both Bush and Kerry are being irresponsible in not addressing this problem. This administration and previous administrations have set us up for a major financial crisis on the order of what Argentina experienced a couple of years ago.”
- Laurence Kotlikoff
Economics Chairman, Boston University
“All the official reports, from the Congressional Budget Office to the Fed to the IMF, keep returning to the same bottom line: The longer we put off any sacrifice, the harder will be the blow to our nation, our economy, and our lives. With this year's record federal deficit, we are already effectively borrowing to fund all our domestic discretionary programs. By 2020 we will be borrowing to pay for our defense programs as well, since revenues by then will cover only benefit checks and interest on the national debt.”
- Peter G. Peterson
Former Chairman, Federal Reserve Bank of New York
“Volcker predicts we face a 75% chance of crisis within five years.”
- Paul Volcker
Former Chairman, Federal Reserve Board
“The direction of the dollar is down... The dollar is declining because of our loose money policy, our terrible fiscal deficit and our current-account deficit, all of which are heading the wrong way. What will happen at some point is that foreigners will stop buying our securities or at least buy less of them...
Given the decline in the dollar and the dramatic shortfall we see developing, we expect [gold as an asset class] to be our highest-return asset class. We look for gold to appreciate demonstrably from here. Our near-term target is $500 an ounce, and our longer term target is $1,000.”
- Richard Arvedlund
Founder, Cypress Capital Management
Forbes
“Buffett said the transfer of the country's ‘net worth’ abroad would eventually lead to ‘major trouble.’ ‘In effect, our country has been behaving like an extraordinarily rich family that possesses an immense farm. In order to consume 4% more than we produce - that's the trade deficit - we have, day by day, been both selling pieces of the farm and increasing the mortgage on what we still own.’”
- Warren Buffett
CEO, Berkshire Hathaway & 2nd Wealthiest Person in the World
“Over time, there is only one direction for the dollar to go – lower.”
- Bob McTeer
President, Federal Reserve Bank of Dallas
“[D]ue to our never-ending deficits what we're seeing is a massive transfer of assets from the U.S. to creditors probably the greatest transfer of assets in history. Over time this is going to mean a lowered standard of living for my kids and your kids, and if it happens quickly it will also mean a lowered standard of living for you and me. When you build up gigantic debts, somebody has to pay for those debts. The great American debt-sponsored party is slowly coming to an end.”
- Richard Russell
Editor-Publisher, Dow Theory Letters
Dow Theory Letters
The long-term picture is pretty bad.”
- Jagadeesh Gokhale
Senior Fellow, Cato Institute;
& research publisher for the Federal Reserve Bank of Cleveland
“To give you idea how big the problem is, you'd have to have an immediate and permanent 78 percent hike in the federal income tax [to close a $51 trillion fiscal gap]…. The country's absolutely broke, and both Bush and Kerry are being irresponsible in not addressing this problem. This administration and previous administrations have set us up for a major financial crisis on the order of what Argentina experienced a couple of years ago.”
- Laurence Kotlikoff
Economics Chairman, Boston University
“All the official reports, from the Congressional Budget Office to the Fed to the IMF, keep returning to the same bottom line: The longer we put off any sacrifice, the harder will be the blow to our nation, our economy, and our lives. With this year's record federal deficit, we are already effectively borrowing to fund all our domestic discretionary programs. By 2020 we will be borrowing to pay for our defense programs as well, since revenues by then will cover only benefit checks and interest on the national debt.”
- Peter G. Peterson
Former Chairman, Federal Reserve Bank of New York
“Volcker predicts we face a 75% chance of crisis within five years.”
- Paul Volcker
Former Chairman, Federal Reserve Board
“The direction of the dollar is down... The dollar is declining because of our loose money policy, our terrible fiscal deficit and our current-account deficit, all of which are heading the wrong way. What will happen at some point is that foreigners will stop buying our securities or at least buy less of them...
Given the decline in the dollar and the dramatic shortfall we see developing, we expect [gold as an asset class] to be our highest-return asset class. We look for gold to appreciate demonstrably from here. Our near-term target is $500 an ounce, and our longer term target is $1,000.”
- Richard Arvedlund
Founder, Cypress Capital Management
Forbes
PEAK OIL - DOLLAR CRISIS
FTW: ODAC The Oil Depletion Analysis Centre
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
PEAK OIL - DOLLAR CRISIS
FTW: ODAC The Oil Depletion Analysis Centre
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
PEAK OIL - DOLLAR CRISIS
FTW: ODAC The Oil Depletion Analysis Centre
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
PEAK OIL - DOLLAR CRISIS
FTW: ODAC The Oil Depletion Analysis Centre
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
NEWS RELEASE
NEW OIL PROJECTS CANNOT MEET WORLD NEEDS THIS DECADE
World oil supplies are all but certain to remain tight through the rest of this decade, unless there is a precipitous drop in demand, according to the results of a study by the London-based Oil Depletion Analysis Centre (ODAC).
The study found that all of the major new oil-recovery projects scheduled to come on stream over the next six years are unlikely to boost supplies enough to meet the world’s growing needs.
ODAC analysed a total of 68 ‘mega projects’ with publicly announced start-up dates from 2004 through 2010. In total, these projects would add around 12.5 million barrels a day to world oil supplies by the turn of the decade.
“This new production would almost certainly not be sufficient to offset diminishing supplies from existing sources and still meet growing global demand,” ODAC Board member Chris Skrebowski said.
More than half of the estimated new supply would simply replace production declines elsewhere due to natural depletion, the study found. A modest one percent annual rise in demand over the six-year period would then leave little or no surplus capacity to cushion against unforeseen disruptions in supply.
If demand were to increase by two percent annually, available supplies could fall short of the total needed in 2010 by more than two million barrels a day – roughly equivalent to losing all of Kuwait’s current daily production.
"recommendet reading"
PEAK OIL - DOLLAR CRISIS
FTW: THE END OF THE AGE OF OIL by David Goodstein
Published by CalTech News, California Institute of Technology, Vol. 38, No.2, 2004
This article is adapted from a talk that Caltech vice provost and professor of physics and applied physics David Goodstein presented at an April 29 program of the Institute support group, the Caltech Associates. Goodstein’s new book, Out of Gas: The End of the Age of Oil, was published in February by W. W. Norton
In the 1950s, it was not Saudi Arabia but the United States that was the world’s greatest producer of oil. Much of our military and industrial might grew out of our giant oil industry, and most people in the oil business thought that this bonanza would go on forever. But there was one gentleman who knew better. He was an oil exploration geologist named Marion King Hubbert....
.
"strongly recommendet reading"
Published by CalTech News, California Institute of Technology, Vol. 38, No.2, 2004
This article is adapted from a talk that Caltech vice provost and professor of physics and applied physics David Goodstein presented at an April 29 program of the Institute support group, the Caltech Associates. Goodstein’s new book, Out of Gas: The End of the Age of Oil, was published in February by W. W. Norton
In the 1950s, it was not Saudi Arabia but the United States that was the world’s greatest producer of oil. Much of our military and industrial might grew out of our giant oil industry, and most people in the oil business thought that this bonanza would go on forever. But there was one gentleman who knew better. He was an oil exploration geologist named Marion King Hubbert....
.
"strongly recommendet reading"
UKRAINE: GEOPOLITICS
FTW: Cold War crisis in Ukraine
Control of oil, key Grand Chessboard 'pivot' at stake by Larry Chin
November 26, 2004—The bitterly disputed Ukrainian presidential election, and the crisis that is exploding in the wake of the contested outcome, has reignited the Cold War and a new round of East-West conflict over control of Eurasian/Caspian/Black Sea energy.
Against the backdrop of Peak Oil (also check energy-related coverage in From The Wilderness), this conflict could well decide the geo-resource direction of the planet itself.
Amidst reports of election irregularities, Moscow-backed Viktor Yanukovych, who supports stronger ties with Russia, declared himself the winner over pro-Western opposition leader Viktor Yushchekno, in defiance of shrill and aggressive opposition and open threats from the West and the Bush administration.
Zbigniew Brzezinski's 1997 book, The Grand Chessboard: American Primacy and its Geostrategic Imperatives has served as a blueprint for world dictatorship, and an incriminating predictor of post-9/11 world conflict. Against today's explosive headlines, Brzezinski's words are, once again, nightmarishly relevant:
"Geopolitical pivots are the states whose importance is derived not from their power and motivation but rather from their sensitive location and from the consequences of their potentially vulnerable condition for the behavior of geostrategic players. Most often, geopolitical pivots are determined by their geography, which in some cases gives them a special role in either defining access to important areas or in denying resources to a significant player [my emphasis-LC]."
"Ukraine, Azerbaijan, South Korea, Turkey and Iran play the role of critically important geopolitical pivots . . .
Control of oil, key Grand Chessboard 'pivot' at stake by Larry Chin
November 26, 2004—The bitterly disputed Ukrainian presidential election, and the crisis that is exploding in the wake of the contested outcome, has reignited the Cold War and a new round of East-West conflict over control of Eurasian/Caspian/Black Sea energy.
Against the backdrop of Peak Oil (also check energy-related coverage in From The Wilderness), this conflict could well decide the geo-resource direction of the planet itself.
Amidst reports of election irregularities, Moscow-backed Viktor Yanukovych, who supports stronger ties with Russia, declared himself the winner over pro-Western opposition leader Viktor Yushchekno, in defiance of shrill and aggressive opposition and open threats from the West and the Bush administration.
Zbigniew Brzezinski's 1997 book, The Grand Chessboard: American Primacy and its Geostrategic Imperatives has served as a blueprint for world dictatorship, and an incriminating predictor of post-9/11 world conflict. Against today's explosive headlines, Brzezinski's words are, once again, nightmarishly relevant:
"Geopolitical pivots are the states whose importance is derived not from their power and motivation but rather from their sensitive location and from the consequences of their potentially vulnerable condition for the behavior of geostrategic players. Most often, geopolitical pivots are determined by their geography, which in some cases gives them a special role in either defining access to important areas or in denying resources to a significant player [my emphasis-LC]."
"Ukraine, Azerbaijan, South Korea, Turkey and Iran play the role of critically important geopolitical pivots . . .
UKRAINE: GEOPOLITICS
FTW: It's now or never for Washington
America's real aim in Ukraine and other former Soviet republics is to seize control of vital resources before China and India can challenge US dominance. By Mark Almond
Are we on the brink of a new cold war? On both sides of the Atlantic, media commentators see the crisis in Ukraine as comparable to the Berlin crises, involving the US and the Soviet Union, which kept the world on tenterhooks for decades. In this supposed drama, a resurgent Kremlin under an ex-KGB colonel is suppressing freedom at home and encroaching on ex-Soviet republics around his country's vast rim.
This terror of shadows has a track record of success. In the 1970s and early 1980s, the ailing world of Leonid Brezhnev was portrayed as a sinister superpower with its tentacles almost around Uncle Sam's throat. The US and the majority of western European nations combined behind a programme of arms build-up and covert sponsorship of anti-communist dissidents.
America's real aim in Ukraine and other former Soviet republics is to seize control of vital resources before China and India can challenge US dominance. By Mark Almond
Are we on the brink of a new cold war? On both sides of the Atlantic, media commentators see the crisis in Ukraine as comparable to the Berlin crises, involving the US and the Soviet Union, which kept the world on tenterhooks for decades. In this supposed drama, a resurgent Kremlin under an ex-KGB colonel is suppressing freedom at home and encroaching on ex-Soviet republics around his country's vast rim.
This terror of shadows has a track record of success. In the 1970s and early 1980s, the ailing world of Leonid Brezhnev was portrayed as a sinister superpower with its tentacles almost around Uncle Sam's throat. The US and the majority of western European nations combined behind a programme of arms build-up and covert sponsorship of anti-communist dissidents.
OCCUPIED TERRITORIES: APARTHEID
The Observer: Israel's New Road Plans Condemned As 'Apartheid'
The message has been consistent: Israel believes the US-backed road-map is the way to resolve the Israeli-Palestinian conflict.
It has been repeated by Ariel Sharon and by ministers, yet now government papers suggest that Israel intends to bypass the peace plan, creating a Palestinian state of enclaves, surrounded by walls and linked by tunnels and special roads.
Israel has released plans for the upgrade of roads and construction of 16 tunnels which would create an 'apartheid' road network for Palestinians in the West Bank.
Existing roads would be reserved for Jews, linking their settlements to each other and to Israel. The plans came to light when Giora Eiland, Israel's director of national security, requested international funding for the project. At a meeting with World Bank officials, he told them the roads would maximise freedom of movement for Palestinians without compromising security for Jewish settlers.
"nerver forget "israel" is the only democracy in the middle east!"
The message has been consistent: Israel believes the US-backed road-map is the way to resolve the Israeli-Palestinian conflict.
It has been repeated by Ariel Sharon and by ministers, yet now government papers suggest that Israel intends to bypass the peace plan, creating a Palestinian state of enclaves, surrounded by walls and linked by tunnels and special roads.
Israel has released plans for the upgrade of roads and construction of 16 tunnels which would create an 'apartheid' road network for Palestinians in the West Bank.
Existing roads would be reserved for Jews, linking their settlements to each other and to Israel. The plans came to light when Giora Eiland, Israel's director of national security, requested international funding for the project. At a meeting with World Bank officials, he told them the roads would maximise freedom of movement for Palestinians without compromising security for Jewish settlers.
"nerver forget "israel" is the only democracy in the middle east!"
PAKISTAN: OBL
BBC: Bin Laden Trail 'Completely Cold'
Troops searching for Osama Bin Laden along Pakistan's border with Afghanistan have no idea where he is, says Pakistan leader Pervez Musharraf
"OBL seems to have fullfilled his Job as Bogeyman for every bad thing that happended in the last 3 years. After all we now have al-zarkawi which is the new Dr. Evil so why bother and find osama"
Troops searching for Osama Bin Laden along Pakistan's border with Afghanistan have no idea where he is, says Pakistan leader Pervez Musharraf
"OBL seems to have fullfilled his Job as Bogeyman for every bad thing that happended in the last 3 years. After all we now have al-zarkawi which is the new Dr. Evil so why bother and find osama"
EURO VS. DOLLAR
Observer:
Japan Threatens Huge
Dollar Sell-Off
Japan is warning the White House that there will be 'enormous capital flight' from the dollar if the Bush administration maintains its laissez-faire approach to the mounting currency crisis.
Tokyo fears that Japan's strongest economic recovery in a decade could be derailed by the sudden appreciation in the yen against the greenback.
The criticism of President Bush's inaction, by a senior member of the ruling Liberal Democratic Party, will be taken as a veiled threat that Japan could start to sell off its multi-billion-dollar holdings of US Treasuries
Japan Threatens Huge
Dollar Sell-Off
Japan is warning the White House that there will be 'enormous capital flight' from the dollar if the Bush administration maintains its laissez-faire approach to the mounting currency crisis.
Tokyo fears that Japan's strongest economic recovery in a decade could be derailed by the sudden appreciation in the yen against the greenback.
The criticism of President Bush's inaction, by a senior member of the ruling Liberal Democratic Party, will be taken as a veiled threat that Japan could start to sell off its multi-billion-dollar holdings of US Treasuries
USA: VOTE FRAUD
Globalresearch: Kerry Won the Election by at least 1,7 Million Votes
A word of caution.
While the following text presents evidence which is not directly verifiable, Global Research, nonetheless, took the decision to bring this controversial text to the attention of our readers. Moreover, the author's identify is not known.
The relevance of this text, should be assessed in relation to the large body of documentation and research already conducted on electoral fraud in America.
The truth about this election is this: Florida and Ohio had to go for Bush in order for him to "win" the election. In reality he lost both states. In fact, he did not even win the popular vote. He lost the national popular vote by at least 1,750,000. This shows you the scale of the fraud.
The exit polls were not wrong. Kerry was the clear winner, but victory was snatched from him.
A word of caution.
While the following text presents evidence which is not directly verifiable, Global Research, nonetheless, took the decision to bring this controversial text to the attention of our readers. Moreover, the author's identify is not known.
The relevance of this text, should be assessed in relation to the large body of documentation and research already conducted on electoral fraud in America.
The truth about this election is this: Florida and Ohio had to go for Bush in order for him to "win" the election. In reality he lost both states. In fact, he did not even win the popular vote. He lost the national popular vote by at least 1,750,000. This shows you the scale of the fraud.
The exit polls were not wrong. Kerry was the clear winner, but victory was snatched from him.
USA: MILITARY
Libertyforum: Us Versus Them
I am a manipulated stooge who sold his soul to exploit the ignorant with the proud lies our own leaders.
I am told on a regular basis “The Army is not like it used to be.” Most of the lifers think that the military lacks discipline and blame the new “Nintendo generation” soldiers for the weakness. However, I think a hard look should be given at the uses of America’s advanced military in the modern era. Do to the operations the military has been tasked in the last forty years the nobility of the professional soldier has been destroyed. From Vietnam to Iraq the Armed Forces has been a chess piece in a game for money and power by elite Americans. Back in the world wars the military represented every citizen’s will. Today the people are duped with lies and phoney values to support imperial progress.
I am a manipulated stooge who sold his soul to exploit the ignorant with the proud lies our own leaders.
I am told on a regular basis “The Army is not like it used to be.” Most of the lifers think that the military lacks discipline and blame the new “Nintendo generation” soldiers for the weakness. However, I think a hard look should be given at the uses of America’s advanced military in the modern era. Do to the operations the military has been tasked in the last forty years the nobility of the professional soldier has been destroyed. From Vietnam to Iraq the Armed Forces has been a chess piece in a game for money and power by elite Americans. Back in the world wars the military represented every citizen’s will. Today the people are duped with lies and phoney values to support imperial progress.
Tuesday, November 30, 2004
VHeadline.com - John Pilger: What happens in Venezuela is incredibly important to all of us
John Pilger: What happens in Venezuela is incredibly important to all of us
“Propaganda and the media are absolutely crucial at this time”, Pilger argued, comparing the media coverage of the US invasion of Iraq to the Duke of Wellington’s coverage of the 1815 battle of Waterloo -- “the general as journalist.”
Commenting on last month's US presidential election, Pilger said that only the richest 1% of the US population were the winners. Everyone else was a loser ... whether they voted Republican or Democrat.
Pilger said that in Australia, “there is only effectively one party with two factions [Liberal and Labor].” He argued that the world is heading into an era of “direct action,” of mass struggles against governmental and corporate power ... “There is, across the world, an extraordinary movement ... just because we’re not told about it, doesn’t mean that it doesn’t exist
“Propaganda and the media are absolutely crucial at this time”, Pilger argued, comparing the media coverage of the US invasion of Iraq to the Duke of Wellington’s coverage of the 1815 battle of Waterloo -- “the general as journalist.”
Commenting on last month's US presidential election, Pilger said that only the richest 1% of the US population were the winners. Everyone else was a loser ... whether they voted Republican or Democrat.
Pilger said that in Australia, “there is only effectively one party with two factions [Liberal and Labor].” He argued that the world is heading into an era of “direct action,” of mass struggles against governmental and corporate power ... “There is, across the world, an extraordinary movement ... just because we’re not told about it, doesn’t mean that it doesn’t exist
IRAQ: FALLUJAH RESISTANCE
JUS: Mujahideen With Fresh Fighters Now Control 70% Of Fallujah
More than 100 Resistance fighters have managed to gain access to Fallujah, joining up with hundreds of other fighters that have flooded into the city in recent days and joined the ranks of the city’s defenders.
According to a report filed at 12:50pm Monday local time by Mafkarat al-Islam’s in Fallujah, the US presence in the city is now limited and the Mujahideen now control more than 70 percent of the city. Fighters from ar-Ramadi have joined up with the fighters inside al-Fallujah and these fighters are said to be experts in urban warfare
More than 100 Resistance fighters have managed to gain access to Fallujah, joining up with hundreds of other fighters that have flooded into the city in recent days and joined the ranks of the city’s defenders.
According to a report filed at 12:50pm Monday local time by Mafkarat al-Islam’s in Fallujah, the US presence in the city is now limited and the Mujahideen now control more than 70 percent of the city. Fighters from ar-Ramadi have joined up with the fighters inside al-Fallujah and these fighters are said to be experts in urban warfare
IRAQ: US MASS GRAVES
Priosnplanet: Further Evidence Of Mass Graves Of US Soldiers In Iraq
"website Jihad Unspun is claiming that a new video carried on its website provides further evidence of mass graves of US soldiers that have been hidden to reduce the official casualty count.
The video offers no definitive proof that the bodies shown are those of US army personnel. The bodies are in an advanced stage of decomposition although one could argue that the whiteness of the teeth suggests they are Western (an area of better sanitation)."
The website posted a lengthy PDF report which can be found here
click here for video (discretion advised)
"website Jihad Unspun is claiming that a new video carried on its website provides further evidence of mass graves of US soldiers that have been hidden to reduce the official casualty count.
The video offers no definitive proof that the bodies shown are those of US army personnel. The bodies are in an advanced stage of decomposition although one could argue that the whiteness of the teeth suggests they are Western (an area of better sanitation)."
The website posted a lengthy PDF report which can be found here
click here for video (discretion advised)
Monday, November 29, 2004
ISRAEL
New York Review of Books: Sharon and the Future of Palestine
When Ariel Sharon first announced his intention to "disengage" unilaterally from Gaza and to dismantle four isolated settlements in the northern West Bank, many observers believed he was on his way to fulfilling their expectation that, sooner or later, he would transform himself into an Israeli De Gaulle and make the tough decisions that would finally end the Israeli– Palestinian conflict. Even those who were skeptical of the possibility of such a transformation, and believed that Sharon intended the Gaza withdrawal as leverage to gain international acceptance of Israel's control over much of the West Bank, believed that a disengagement from Gaza would create a precedent that would lead to further withdrawals from the West Bank as well, for it would dispel the myth that any effort to dismantle settlements would drag the country into a civil war. For this reason, not only the Bush administration, which has found no measure taken by Sharon too outrageous to deserve American support, but also the European Union, the United Nations, and Russia (the other three members of the Quartet formed to oversee the implementation of the "road map"), as well as much of Israel's left, welcomed Sharon's initiative.
When Ariel Sharon first announced his intention to "disengage" unilaterally from Gaza and to dismantle four isolated settlements in the northern West Bank, many observers believed he was on his way to fulfilling their expectation that, sooner or later, he would transform himself into an Israeli De Gaulle and make the tough decisions that would finally end the Israeli– Palestinian conflict. Even those who were skeptical of the possibility of such a transformation, and believed that Sharon intended the Gaza withdrawal as leverage to gain international acceptance of Israel's control over much of the West Bank, believed that a disengagement from Gaza would create a precedent that would lead to further withdrawals from the West Bank as well, for it would dispel the myth that any effort to dismantle settlements would drag the country into a civil war. For this reason, not only the Bush administration, which has found no measure taken by Sharon too outrageous to deserve American support, but also the European Union, the United Nations, and Russia (the other three members of the Quartet formed to oversee the implementation of the "road map"), as well as much of Israel's left, welcomed Sharon's initiative.
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