May 29, 7:17 PM EDT
Gold, other commodities soar as US dollar tumbles

By SARA LEPRO AP Business Writer
NEW YORK (AP)

Commodity prices soared across the board Friday as a sinking dollar stoked fears of inflation. The Reuters/Jefferies CRB index, a widely used measure of the global commodities markets, rose 1.3 percent. The index jumped 13.8 percent in May - the biggest monthly jump since at least 1975, the farthest back data is available on Thomson Reuters."Commodities are definitely in vogue again," said Rob Kurzatkowski, futures analyst with Options Xpress.

Prices for gold, oil and grains moved higher as the dollar sank to its lowest level in months against the euro and the British pound. The dollar has weakened considerably since March as investors move out of cash holdings and into riskier assets like stocks on hopes for an economic recovery. Investors are also worried that the massive amounts of money the government has been pumping into the system could lead to inflation. That has been a boon for commodities like gold and oil. Demand for gold tends to rise when the dollar is weak as investors seek protection against inflation, which can be triggered by a falling greenback. And oil is priced in dollars, so when the U.S. currency falls it becomes cheaper for foreign buyers. ( Learn more at )

Massive Imbalances In World Economy Still Tipping

Us Downwards
Bob Chapman
Posted: May 16 2009

Life with the Dow in a different place, massive money injections fail to boost CPI, warnings of a Weimar republic, and risks of budgets, Fed to supply smoke and mirrors, TARP bailout enriches speculators at public expense, Chrysler and UAW dont get such a good deal as TARP counterparties.

We have come a long way from Dow 14,168 and we have just completed a strong bear market rally based on little but hopes, dreams and the assistance of the “Working Group on Financial Markets” under the guidance of the Treasury and the Fed. We believe the bear market has a substantial distance to fall as the debt sector is purged. A 50% retraction of debt, which is far above GDP has to be completed, excess capacity has to be rung out of markets, consumer spending, which is now 70% of GDP, has to return to the long-term average of 64.5% of GDP. Once real estate bottoms in 2011 and 2012, we will probably be half way to the overall bottom. We have 2/3’s of the way to go before credit card debt is purged. We are just beginning to see failure of commercial and industrial loans and that could last another 3 to 4 years. Presently we are about 40% to the bottom. Then the question arises how long do we bump along the bottom – probably 5 years or longer – dependent on how bad the structural damage is, whether we still have a Federal Reserve; how many banks are left; whether we have WWIII or whether we have revolution. America and the world are in for a difficult time.

There are still massive imbalances in the US and world economy. Fiscal and monetary policies in almost all countries have gone over the edge. In a panic to subdue deflation governments and central banks have way overused fiscal and monetary policies, which is sure to end in hyperinflation. Any natural pause or mini recovery is doomed by the massive amount of monetary aggregates racing through the system. Over the next year and one-quarter negative GDP of 6.3% from the last quarter of 2008 should rise to even. That is no negative growth in the fall of 2010. ( KNOW MORE AT )

Active Thermitic Material Discovered in Dust from

the 9/11 World Trade Center Catastrophe

The Open Chemical Physics Journal

ISSN NO: -->Volume 2 ISSN: 1874-4125 :

Abstract: We have discovered distinctive red/gray chips in all the samples we have studied of the dust produced by thedestruction of the World Trade Center. Examination of four of these samples, collected from separate sites, is reported inthis paper. These red/gray chips show marked similarities in all four samples. One sample was collected by a Manhattanresident about ten minutes after the collapse of the second WTC Tower, two the next day, and a fourth about a week later.The properties of these chips were analyzed using optical microscopy, scanning electron microscopy (SEM), X-ray energydispersive spectroscopy (XEDS), and differential scanning calorimetry (DSC). The red material contains grains approximately100 nm across which are largely iron oxide, while aluminum is contained in tiny plate-like structures. Separationof components using methyl ethyl ketone demonstrated that elemental aluminum is present. The iron oxide and aluminumare intimately mixed in the red material. When ignited in a DSC device the chips exhibit large but narrow exotherms occurringat approximately 430 °C, far below the normal ignition temperature for conventional thermite. Numerous iron-richspheres are clearly observed in the residue following the ignition of these peculiar red/gray chips. The red portion of thesechips is found to be an unreacted thermitic material and highly energetic. (read more at )

Cheney wanted GM in bankruptcy sooner

by: Jeremy Pelofsky

With General Motors expected to file for bankruptcy next week, former Vice President Dick Cheney said on Wednesday that he wanted the company to take that step months ago when George W. Bush was still president.
“Some of us at the time wanted GM to go bankrupt, go to Chapter 11,” Cheney said in an interview with CNBC’s “The Kudlow Report”. But Cheney apparently was in the minority with that view at the time. (read more at)

As The Dollar Falls Inflation Rises
Bob Chapman

The International ForecasterMay 28, 2009
Americans may just be beginning to understand the US strategy regarding the credit crisis, but foreigners understand what they are up too. The US is creating a stealth default on its debt by continuing to issue massive amounts of money and credit and in the process devaluing the dollar. This, of course, is fraud, but other nations have defrauded the US for years by cheapening their currencies and subsidizing goods and services. China may be upset as others are, but they have totally subsidized their economy and they have been the worst offenders in cheapening their currency. What do they call their current $1.25 trillion effort to keep their growth above 8%? They have 30 million unemployed and frankly fear a revolution. Chinese policy was to sell goods to America, which was unable to pay for those goods. Their $2 trillion in US denominated assets will probably end up being worth $1 trillion and they knew that going in. They wanted the market and they’ll have to pay the price. US Treasury and Fed issuance is going to get worse not better – it’s going to be that way for sometime to come. No aggregates are going to be pulled from the system. If the US does that the financial system will collapse. There is going to be massive inflation and what China should be doing is dumping dollars by buying gold. They have not anticipated the fall in US stock and bond markets and the derivative bomb. American assets, including bonds, will get badly trashed. We wrote of all this in June of 2002, but no one was listening. We could not even envision the affects of mark-to-model and the worthless balance sheets of corporate America, particularly in the financial sector. Within four years and more likely in two to three years the US will default on treasury and Agency debt. That should take the dollar in USDX terms to 40. It is now just below 80.

China obviously feels the yields offered on US paper on the long end are not worth the play. They have been buying bills instead in the short-term market that the Fed has to support. Today investors cannot conceive how bad this depression is going to get. Even the Bilderbergs see they cannot handle what is coming and want to reverse the process. Unfortunately it is too late for that. There has been no return since June of 2002. The Chinese knew 5 years ago they were screwed, but they kept on playing the game. They had to supply jobs or they might have had a revolution. The illuminist plan to bring China into WTO was a very bad choice. All the money the transnational conglomerates made will eventually be lost. ( read more at)

General Accuses WH of War Crimes
By Dan FroomkinSpecial to washingtonpost.com

Wednesday, June 18, 2008; 12:44 PM
The two-star general who led an Army investigation into the horrific detainee abuse at Abu Ghraib has accused the Bush administration of war crimes and is calling for accountability.
In his 2004 report on Abu Ghraib, then-Major General Anthony Taguba concluded that "numerous incidents of sadistic, blatant, and wanton criminal abuses were inflicted on several detainees." He called the abuse "systemic and illegal." And, as Seymour M. Hersh reported in the New Yorker, he was rewarded for his honesty by being forced into retirement.
Now, in a preface to a Physicians for Human Rights report based on medical examinations of former detainees, Taguba adds an epilogue to his own investigation.
The new report, he writes, "tells the largely untold human story of what happened to detainees in our custody when the Commander-in-Chief and those under him authorized a systematic regime of torture. This story is not only written in words: It is scrawled for the rest of these individual's lives on their bodies and minds. Our national honor is stained by the indignity and inhumane treatment these men received from their captors.
"The profiles of these eleven former detainees, none of whom were ever charged with a crime or told why they were detained, are tragic and brutal rebuttals to those who claim that torture is ever justified. Through the experiences of these men in Iraq, Afghanistan, and Guantanamo Bay, we can see the full-scope of the damage this illegal and unsound policy has inflicted --both on America's institutions and our nation's founding values, which the military, intelligence services, and our justice system are duty-bound to defend.
"In order for these individuals to suffer the wanton cruelty to which they were subjected, a government policy was promulgated to the field whereby the Geneva Conventions and the Uniform Code of Military Justice were disregarded. The UN Convention Against Torture was indiscriminately ignored. . . . (read more at )

U.S. Military Investigator Confirms Women and Children Were Raped

At Abu Ghraib
Posted By admin On May 28, 2009 @ 7:52 am

In Featured Stories 21 CommentsPaul Joseph WatsonPrison Planet.comThursday, May 28, 2009

It only took five years, but the mainstream media has finally acknowledged the truth behind why certain photos and videos from the infamous Abu Ghraib prison camp have been blocked from public release - they show U.S. soldiers and other prison guards raping female detainees as well as children.
In an interview with the London Telegraph, Major General Antonio Taguba, the former army officer who conducted an inquiry into the Abu Ghraib jail in Iraq, confirmed the details of his original army report, that the unreleased photos showed rape and sexual abuse of women and minors.
“At least one picture shows an American soldier apparently raping a female prisoner while another is said to show a male translator raping a male detainee,” reports the Telegraph, adding, “Further photographs are said to depict sexual assaults on prisoners with objects including a truncheon, wire and a phosphorescent tube.”
Taguba also verified the credibility of eyewitness statements from other detainees that described an American-Egyptian male translator in uniform raping teenage boys. (read more at )

National Sales Tax (VAT) Gets Fresh Look In Congress

Budget deficits are soaring so the smart thing to do would be to stop wasting money. Instead Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look.With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.
Common around the world, including in Europe, such a tax -- called a value-added tax, or VAT -- has not been seriously considered in the United States. But advocates say few other options can generate the kind of money the nation will need to avert fiscal calamity. At a White House conference earlier this year on the government's budget problems, a roomful of tax experts pleaded with Treasury Secretary Timothy F. Geithner to consider a VAT. "There is a growing awareness of the need for fundamental tax reform," Sen. Kent Conrad (D-N.D.) said in an interview. "I think a VAT and a high-end income tax have got to be on the table." (read more at)

Treasuries Massacred; Yield Curve Steepest On

Record
Bernanke cannot have his cake and eat it too. If the economy is recovering the yield curve should steepen. And steepen it has. The Yield Curve Is Steepest On Record.The difference in yields between Treasury two and 10-year notes widened to a record on concern surging sales of U.S. debt will overwhelm the Federal Reserve’s efforts to keep borrowing costs low.
The so-called yield curve steepened to 2.75 percentage points, surpassing the previous record of 2.74 percentage points set on Aug. 13, 2003.Ten-year notes have lost 10.3 percent this year, according to Merrill Lynch & Co. indexes, while 30-year bonds have lost 27.5 percent. Two-year notes have gained 0.2 percent.
Rising 10-year Treasury yields are pushing yields on mortgage bonds higher, prompting holders of the securities to sell government debt used as a hedge to protect portfolios against rising interest rates.
As mortgage rates rise, the expected average lives of mortgage bonds and mortgage-servicing contacts extend as potential refinancing drops, leaving holders with portfolios of longer-than-anticipated durations. Duration is a measure of bond price sensitivity to interest-rate change. (read more at)

Billionaire club in bid to curb overpopulation
John HarlowLondon TimesSunday, May 24, 2009
SOME of America’s leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the world’s population and speed up improvements in health and education. The philanthropists who attended a summit convened on the initiative of Bill Gates, the Microsoft co-founder, discussed joining forces to overcome political and religious obstacles to change.
Described as the Good Club by one insider it included David Rockefeller Jr, the patriarch of America’s wealthiest dynasty, Warren Buffett and George Soros, the financiers, Michael Bloomberg, the mayor of New York, and the media moguls Ted Turner and Oprah Winfrey. (read more at)

Americans paying Chinese to takeover U.S. businesses.

by Thomas R. Babcock

In spite of China's increasingly pessimistic view towards the dollar, it still plans to buy large amounts of U.S. bonds. China's concerns are based on the market's expectation that the U.S. Government and the federal reserve in the very near future will be forced to raise interest rates in order to bring inflation under control. The strong potential for inflation or hyper inflation is due to the U.S. Governments policies of printing God Awful amounts of money that are based on nothing and tripling the national debt in only a little over six months. China's is funding the U.S. Governments soaring budget deficit much like a drug dealer helps out a junkie. The continued buying of U.S. debt by China is coming at what cost to the American People, America's small to medium size businesses and the America's political power abroad.

Beijing has come up with a plan, the last two to three years, to cut it's exposure to the dollar by giving the OK to state-owned Chinese businesses to use it's foreign currency holding to buy competitors. The responsibility for Washington D.C. and New York's planned implosion of the American and world economy falls squarely on the shoulder of the American People. Through forced taxation the unknowing American public is handing over to the Chinese Government and it state controlled companies the money to buy up their American competitors via the U.S. government. Thus further putting the squeeze on the lower and middle classes within the U.S.A..

Recently China's foreign investments have double from 2007 to $ 52.2 billion in 2008 and it has said it would ease restrictions on state owned companies to borrow the funds they would need to buy off shore investments. Why is China still buying the federal reserves debt after showing such concern? Could it be that in return they get American companies paid for by the American tax payers?

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leave me a comment, tell me what you think

ON CAPITOL HILL Plan to audit Fed steamrolls ahead

House co-sponsors now total 179, companion bill

begins Senate trek Posted:

May 25, 20098:08 pm Eastern
© 2009 WorldNetDaily
U.S. Rep. Ron Paul, R-Texas, long has opposed the power held by the Federal Reserve and its ability to manipulate the nation's economy and over the years has launched proposals to get rid of the quasi-governmental agency, without significant support. But his current plan, H.R. 1207, the Federal Reserve Transparency Act of 2009 to demand an audit of the organization, is quickly gaining steam. As of today, the proposal had collected a bipartisan coalition of 179 members of Congress who have signed on as co-sponsors. Not that Paul's ultimate goals have changed significantly."To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have," he wrote in a new Straight Talk commentary. "They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability." He's even said Congress should "reassert its constitutional authority over monetary policy." ( read more at )

Financial fix? Abolish the Fed, says congressman Paul:

Constitution requires coin based on gold, silver

Posted:

February 21, 20098:35 pm Eastern
By Bob Unruh© 2009 WorldNetDaily
In just recent weeks, the federal government has designated billions of tax dollars for bank bailouts, including vast quantities to quasi-government agencies that helped create the economic crisis; billions more for automakers, and billions more for homeowners who default on their loans, so where will it end? Republican Rep. Ron Paul of Texas says he has at least part of the answer: abolish the Federal Reserve. The congressman, a candidate for the 2008 Republican presidential nomination, once again has introduced a bill that would get rid of the private organization that sets interest rates and establishes monetary priorities. "Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy," Paul said in a statement at the time the proposal was introduced. "The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency," Paul said. "The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy."
You've never needed to understand money like you need to understand it now! "Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free" unravels the deception of the Federal Reserve and presents a crystal clear picture of the financial abyss towards which we are heading. ( read more at )

Federal obligations exceed world GDP Does $65.5

trillion terrify anyone yet?

Posted: February 13, 200911:35 pm Eastern
By Jerome R. Corsi© 2009 WorldNetDaily
As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world. The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account. The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the "2008 Financial Report of the United States Government" as released by the U.S. Department of Treasury. The difference between the $455 billion "official" budget deficit numbers and the $5.1 trillion budget deficit cited by "2008 Financial Report of the United States Government" is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur. (read more at )

Civil Unrest

World Bank warns of social unrest
The head of the World Bank has warned that the global economic crisis could lead to serious social upheaval. "If we do no take measures, there is a risk of a serious human and social crisis with very serious political implications," Robert Zoellick said. He pointed to Eastern Europe, which faces the "tricky situation" of fast-shrinking economies and protests. Mr Zoellick suggested governments should start preparing for high levels of unemployment. "In my opinion, in this context, nobody really knows what is going to happen and the best one can do is be ready for any eventuality," Mr Zoellick said in an interview with Spain's El Pais newspaper. (Read more at )

German economic slump brings fears of social unrest

(News Feature) By Helen MaguireApr 23, 2009, 12:48 GMT
Berlin - As German analysts are estimating an economic shrinkage of some 6 per cent in 2009, voices are now beginning to warn of the dangers of social unrest. Presidential candidate Gesine Schwan said Thursday that popular anger could grow significantly in coming months, as initial measures to counter the economic downturn wore off. 'If there isn't a glimmer of hope that the situation is improving, the mood could become explosive,' the Social Democratic (SPD) candidate told the daily Muenchener Merkur. French industrial activism crossed the border into Germany Thursday, as around 1,200 French factory workers travelled to Hanover, to protest during the annual shareholders' meeting of German car parts group Continental in Hanover. Around 3,000 demonstrators gathered, upset at plans for Continental to close factories in Germany and France, eliminating 1,900 jobs over the next 12 months.

'We are in a cooperative position, although right now we are extremely angry,' Continental's senior staff representative Werner Bischoff said of the proposed factory closures. Earlier in the week, demonstrations in France over plans to shut down the Continental plant in Clairoix had turned violent after French workers went on the rampage. France is experiencing a growing wave of violence as the economic crisis is forcing more and more factories to close and lay off staff. (read more at )

The World Economy

Oil prices could shoot beyond 2008 peak by 2012: Saudi ArabiaLast Updated: Tuesday, May 26, 2009 2:02 PM ET CBC News
Oil prices could soar above previous records within "the next two or three years" because of a lack of exploration capacity now, said the Saudi oil minister in Rome on Tuesday.
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali al-Naimi said current low prices are discouraging the search for new oil in the ongoing recession. Energy prices, however, can jump quickly with the greater demand associated with an economic recovery, he said. (read more at)

And So It Starts,

Political Repositioning Towards Fascism

WIKIPEDIA's deginition of Fascism

Fascism and conservatism
Fascists often claimed to defend the social order, traditional values, national culture and civilization against the forces of modernity (particularly liberalism and socialism). At the same time, fascists claimed to offer a radically new approach to politics, and a new form of government that could reshape society.[28] Thus, fascism attempted to be both conservative and radical. Benito Mussolini stated: "I am a reactionary and a revolutionary."[29] (read more at )

GOP abandons push to rename Democratic Party ‘Socialist’
By Personal Liberty News Desk • May 22nd, 2009
• Category: Conservative Politics, Personal Liberty News
After a short but intense campaign by some of its members, the Republican Party has abandoned its call for the Democratic Party to rename itself as the ‘Democrat Socialist Party.’
According to the Associated Press, the move spurred a fight within the GOP ranks that reflected the divide between those who want to take the party in a more centrist direction and those seeking to give it a more conservative tone. ( read more at )

First Steps Taken Toward Socialism
By Bob Livingston • Mar 23rd, 2009 •
Category Freedom Concerns,
Personal Liberty Articles
"I am… for freedom of the press, and against all violations of the Constitution to silence by force and not by reason the complaints or criticisms, just or unjust, of our citizens against the conduct of their agents."
This statement by founding father and President Thomas Jefferson echoes the sentiment of our nation’s founders. And freedom of the press and of speech is guaranteed under the First Amendment to the U.S. Constitution, precisely to give citizens a venue to oppose the agents of a government with which they disagree. (read more at )

More of

Decoding, Understanding, and

Breaking through Political News

Speak

Obama on Guantanamo and terrorism: the full speech
The full text of US President Barack Obama’s speech (as prepared for delivery) at the National Archives Museum on 21 May, 2009.

These steps are all critical to keeping America secure. But I believe with every fiber of my being that in the long run we also cannot keep this country safe unless we enlist the power of our most fundamental values( What the hell does this mean, who’s values a politicians values or a honest and working for a living American values). The documents that we hold in this very hall - the Declaration of Independence, the Constitution, the Bill of Rights -are not simply words written( WHAT,WHAT is this guy kidding if he real believes that then repeal the patriot act, Stop torture and stop domestic spying and end free speech zones) into aging parchment. They are the foundation of liberty and justice in this country, and a light that shines for all who seek freedom, fairness, equality and dignity in the world( Can you tell us where in the US of F**KING A are social freedom, social fairness, social equality and social dignity when the rich, lazy and amoral elites, corrupt politicians and corporation work endlessly to screw over the working class of the whole world) .

I stand here today as someone whose own life was made possible by these documents ( WHAT you sold out to wall street and big banks ). My father came to our shores in search of the promise that they offered. My mother made me rise before dawn to learn of their truth when I lived as a child in a foreign land ( Yes, Yes your life was so hard, everyone knows that you’re a puppet of big banks, Wall street and corrupt politicians. Wake me when his stories over ) . My own American journey was paved by generations of citizens who gave meaning to those simple words - “to form a more perfect union.” I have studied the Constitution as a student; I have taught it as a teacher; I have been bound by it as a lawyer and legislator.( A lawyer OH someone we can really trust to take care of us, HA HA HA )I took an oath to preserve, protect and defend the Constitution as Commander-in-Chief, and as a citizen( OF WHAT COUNTRY<>) , I know that we must never - ever - turn our back on its enduring principles for expedience sake( Expedience sake, how long have you been in Washington all of 6 seconds before you became president, how did you do that BY SELLING OUT ).

I make this claim not simply as a matter of idealism. We uphold our most cherished values ( who’s most cherished values the rich, politicians and big business. Is torture, killing innocent people, stealing money, spending the Americans money to bailout big banks, domestic spying and over taxing hard working are these all our values? ) not only because doing so is right, but because it strengthens our country and keeps us safe ( keeps us safe? The last time I checked we were in two WARS ). Time and again, our values have been our best national security asset - in war and peace; in times of ease and in eras of upheaval.

Fidelity to our values( who’s values? Values, values, values by repeating the word values over and over again he is trying make you think he has values , who wrote this crap) is the reason why the United States of America grew from a small string of colonies under the writ of an empire to the strongest nation in the world ( the real reason why America grew was greed of the elite and politicians i.e. Indian wars, Mexican American war and so on.).