Medvedev Unveils
“World Currency” Coin At G8

Russian President shows reporters example of “united future world currency” In a highly symbolic moment at the G8 summit in Italy today, Russian President Dmitry Medvedev unveiled to reporters a coin representing a “united future world currency”.“We are discussing both the use of other national currencies, including the ruble, as a reserve currency, as well as supranational currencies,” the Russian leader said at a news conference.However, those who have downplayed the formulation of a world currency by dismissing it as merely a progression of SDR’s (Special Drawing Rights) and not something that would physically be used by citizens in a system of world government, were contradicted when Medvedev clearly outlined that the new currency would be “used for payment” by citizens as a “united future world currency”.“This is a symbol of our unity and our desire to settle such issues jointly,” Medvedev said. [2] “Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it,” reports Bloomberg [3]. The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.” Press images released to the Yahoo photo wire did not show any close up shots of the coin and little was known about it, except that it had been minted in Belgium and bears the words “unity in diversity”. An RIA Novosti report [4]noted that the coin represented an example of a “possible global currency”. China and Russia have repeatedly called for a new global currency to replace the dollar. When confronted about plans [5] to supplant the dollar with a new global currency, both Federal Reserve chairman Ben Bernanke and Treasury Secretary Timothy Geithner denied that such an agenda existed. However, just days after he told a Congressional hearing that there were no plans to move towards a global currency, Geithner sought to please the elitist CFR by assuring them that he was “open” to the notion of a new global currency system [6]. The scandal-ridden and highly secretive Bank For International Settlements, [7] considered to be the world’s top central banking power hub, released a policy paper in 2006 that called for the end of national currencies in favor of a global model of currency formats. The global currency would be a key central plank of a future system of world government. Earlier this week, Pope Benedict called for a “world political authority” [8] to manage the global economy.

4 Ways to Tell When a
Real Recovery Has Begun

June 16, 2009 01:53 PM ET

You could conclude just about anything from the daily cavalcade of economic statistics. Some suggest an imminent recovery. Others seem to foretell years of gloom. The bent of the expert interpreting the latest news—bull, bear, Obama-basher, Wall Street-hater—has as much to do with the outlook as the numbers themselves.

For the foreseeable future, there will be an aggressive hunt for two economic recoveries. One is the technical improvement in economic indicators that signals the economy is growing again. That's the one economists care about, which is why they scour the numbers on retail sales, business inventories, purchasing manager sentiment, subatomic inflation, the mood in Shanghai, and anything else that could help pinpoint the exact inflection point for a turnaround.

The other recovery, the one that most consumers are waiting for, is the one in which companies stop firing and start hiring, banks return to normal lending, and families stop worrying about jobs and income. And that turnaround—the consumer recovery—is likely to take much longer to materialize than the technical recovery. learn more at

Wake up, get to know your neighbors,

protect yourself because a

SH*T storm is coming

Americans swap homes for (motels) hotels as

recession bites

Fri Jul 10, 2009 2:28pm EDT By Jason Szep

CAMBRIDGE, Massachusetts (Reuters) - Some Americans are swapping homes for motels as the ranks of the homeless swell during the recession, crowding out shelters and forcing cities and states across the country to find new types of housing. In Massachusetts, a record number of families are being put up in motels due to high unemployment and the rising number of homes going into foreclosure, costing taxpayers $2 million per month but providing a lifeline for desperate families ( In the header Szep uses hotels & in the article he uses MOTELS. He does this to make it sound as if families are going on vacation)

VS.

Goldman Sachs

PROFIT BONANZA

could (should) stoke anger

Fri Jul 10, 2009 5:36pm EDT
By Steve Eder - Analysis

NEW YORK (Reuters) - Under normal circumstances, Goldman Sachs Group Inc ) might be afforded a moment of gloating as it struts toward what could be a banner earnings announcement just nine months after being roiled by Wall Street's worse crisis since the Great Depression. . . .
. . .If earnings are too good critics may ( should ) lambaste it for ramping up risk too much and embracing a hedge fund-like model that could make it vulnerable to big market swings.

Goldman Sucks Group is worried about how it will look

making too much money while many AMERICAN

FAMILIES are worried about their jobs, a place to sleep

and their next meal. Dismantle Goldman Sucks and

make them worry about something real.

Same side of the same coin

it just that the federal reserve

is evil and lies!

Food-Stamps Reach 33.8 Million in April,

5th Consecutive Monthly Record

The record hit parade keeps right on rolling.
Earlier today, in Continuing Claims Soar by 159,000 to New Record; Initial Jobless Claims Skewed By Autos I noted The peak in initial claims might be in but the peak in unemployment has not. Moreover, reported continuing claims hit 6.883 million, setting a new all time record. However, the real number of continuing claims is closer to 9.4 million on account of extended benefits via the Emergency Unemployment Compensation (EUC) program as detailed in the above link. I hope to have charts of this phenomenon later today or tomorrow. Unsurprisingly another record was broken today and that is a record for food stamps. Please consider U.S. Food-Stamp Recipients Reached Record 33.8 Million in April.

But the government, wall street and the fed say

Fed’s Bullard Says He Doesn’t

See Recovery Faltering
By Steve Matthews and Kathleen Hays

July 9 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said he doesn’t expect a U.S. economic recovery to falter or central bankers to make errors in their policy on inflation.

“We are going to have just the right policy to get the right inflation rate,” Bullard said today in a Bloomberg Television interview. “I do not buy into the stories about the Fed making a mistake one way or the other going forward.”

Who's definition of "the right policies" is he using? When you have been working hard all your life and your retirement disappears and you have to go on food stamps that is the right policy for wage slavery. The right everything for the depression now. These are the same jackasses that got us into this FU*KING SH*T in the first place and NOW they know what they're doing and how they're going to get us out of this mess. Ask yourself where were then doing for the last 10 years while they were designing this economic crisis!

Are Markets being Manipulated by

"Rogue Traders"?
by Danny Schechter
Global Research, July 8, 2009

There’s New Evidence to Suggest that Crime In The Financial Markets is Rife

New York, New York: Everyone has heard of the Wikipedia but not everyone knows about the Investopedia, a Forbes website, that monitors finance for market players. One of the issues it is concerned about is market manipulation, actions by rogue and not so rogue players who, working alone or together, unduly influence the way our supposed “free” markets function. It is a fascinating source of information for the uninitiated who hear the daily reports on the ups and downs of the Dow and believe that somehow it is all part of the natural order of the universe.

It isn’t

Thanks to an even more informative web site, Gamingthemarket.com, we learn that in fact markets are subject to, prone to, and characterized by all sorts of manipulative practices. Here’s one you may not have heard of. “Ghosting: An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. Ghosting is used by corrupt companies to affect stock prices so they can profit from the price movement. This practice is illegal because market makers are required by law to act in competition with each other. It is known as "ghosting" because, like a spectral image or a ghost, this collusion among market makers is difficult to detect. In developed markets, the consequences of ghosting can be severe.” -Investopedia It looks like we have gone from the age of the trustbuster to the era of the ghost buster as fiction once again turns into “faction.”
. ( Learn more at )

China’s Currency Reserves May

Top $2 Trillion for First Time
By Bloomberg News

July 10 (Bloomberg) -- China’s foreign-exchange reserves probably topped $2 trillion for the first time, drawing attention to the difficulty the government faces in finding places to invest the world’s largest holdings.

Japan's Golf-Club, Luggage Shipments Signal Economic Rebound:
( Don' believe this kind of HOG WASH, BULL SH*T No one in Japan is talking recovery! I know I live in Japan. This story is propaganda)

Chart of Day Renewed demand in Japan for parcel shipments ranging from golf clubs to luggage signals the economy probably returned to growth last quarter from a record contraction.

Continuing Claims Soar by

159,000 to New Record;

Initial Jobless Claims Skewed By Autos
The peak in initial claims might be in but the peak in unemployment has not. Moreover, reported continuing claims hit 6.883 million, setting a new all time record. By the way, the real number of continuing claims is closer to 9.4 million as detailed below. Please consider the Department of Labor Weekly Claims Report.Seasonally Adjusted Data. In the week ending July 4, the advance figure for seasonally adjusted initial claims was 565,000, a decrease of 52,000 from the previous week's revised figure of 617,000. The 4-week moving average was 606,000, a decrease of 10,000 from the previous week's revised average of 616,000.
The advance seasonally adjusted insured unemployment rate was 5.1 percent for the week ending June 27, an increase of 0.1 percentage point from the prior week's unrevised rate of 5.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending June 27 was 6,883,000, an increase of 159,000 from the preceding week's revised level of 6,724,000. The 4-week moving average was 6,769,000, an increase of 12,000 from the preceding week's revised average of 6,757,000. ( learn more at )

On the Edge with Max Keiser - 03 July 2009 (pt3 of 4)

On the Edge with Max Keiser - 03 July 2009 (pt4 of 4)

Biden Admission: Obama Plan Doomed

KINGSTON, NY, 8 July 2009 -- Vice President Joseph Biden's admission that the Obama Administration's economic recovery plan was predicated on egregiously inaccurate forecasts consigns the entire effort to failure, predicts Gerald Celente.

"The plan is based upon false premises," said Celente, Director of The Trends Research Institute, referring to White House projections used to sell the stimulus package to the nation. To make their case, Washington warned that without the Obama stimulus, unemployment, then at 7.2 percent, would rise above 8 percent in 2009 and peak at 9 percent in 2010.

Yet, only midway through 2009, the unemployment rate is already 9.5 percent and rising. "This is an enormous miscalculation," contends Celente. "In real world terms, it means that 2.5 million more Americans than anticipated have lost their jobs. The inaccuracy of the forecast undermines the validity not only of the plan, but also of the planners."

Joe Biden sidestepped blame, pleading "guilty with an explanation." Weaseled Biden, "The truth is, we and everyone else misread the economy."



NO! "Everyone else" did not "misread the economy." The Trends Research Institute read it correctly, and has been reading it correctly for decades.

"How often does the government have to be wrong, and how wrong do they have to be before people and the media stop taking them seriously?" wondered Celente. "The first spending package didn't deliver as promised, and now Obama's advisors want another stimulus, as if doubling up on failure will achieve success."



"If we made forecasts as inaccurate as the Obama team's and implemented similarly unsuccessful plans, and then tried to salvage the situation by repeating exactly the same mistakes, we'd have been laughed out of business long ago," Celente said.

U.S. consumers fall behind on loans at record pace

Tue Jul 7, 2009 9:41am EDT
By Jonathan Stempel

NEW YORK (Reuters) - Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to all-time highs in the first quarter as a record number of cash-strapped consumers fell behind on their bills.
Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter as more cardholders relied on plastic to meet day-to-day expenses, the American Bankers Association said.
Late payments on home equity loans rose to 3.52 percent from 3.03 percent, and on home equity lines of credit climbed to 1.89 percent from 1.46 percent

WTO chief sees no positive signs for world trade

World Trade Organization head Pascal Lamy said on Friday he saw no "positive sign" for world trade which has been battered by the global economic crisis.
"I do not share the optimism" of some governments for an economic recovery, "because from the point of view of international trade, I do not see any positive sign at the moment," Lamy said during a debate here.

Market Review: Failing US Banks seized by

regulators
By Bob Chapman
Global Research, July 4, 2009The International Forecaster

The Friday night, June 27th FDIC Financial Follies were presented again at 9:00 pm EST. That is so the public will not hear about the failures.
Five U.S. banks with total assets of about $1.04 billion were seized by regulators, pushing this year’s tally of failures to 45 as a recession drives up unemployment and home foreclosures.
Community Bank of West Georgia, in Villa Rica, Georgia; Neighborhood Community Bank of Newnan, Georgia; Horizon Bank of Pine City, Minnesota; MetroPacific Bank of Irvine, California; and Mirae Bank of Los Angeles were closed yesterday by state regulators, according to statements from the Federal Deposit Insurance Corp. The FDIC was named receiver of the four banks.
Wilshire Bancorp’s Wilshire State Bank will take over all of Mirae’s $362 million in deposits, and will purchase $449 million of assets, the FDIC said in a statement.
Sunwest Bank of Tustin, California, acquired most of MetroPacific’s $73 million in deposits and $80 million in assets, the FDIC said. Stearns Bank of St. Cloud, Minnesota, bought Horizon Bank’s $69.4 million of deposits. Stearns will purchase $84.4 million of Horizon’s assets, the FDIC said.
The FDIC didn’t find a buyer for Community Bank of West Georgia, and said it will mail checks to reimburse insured depositors. The bank has deposits of $182.5 million. Charter Financial Corp.’s CharterBank will assume Neighborhood Community Bank’s $191.3 million of deposits and purchased some assets in a loss-share agreement with the FDIC, according to the agency. (learn more at )

‘Sucker’s Rally’ Beginning To

Unwind?

Posted By admin On July 6, 2009

@ 10:45 am In Featured Stories

Paul Joseph WatsonPrison Planet.com

U.S. stocks are falling again following a massive plunge at the end of the last week amidst signs that the “sucker’s rally” we warned about back in May could now be unwinding, in line with the Bilderberg Group’s 2009 agenda.
The Dow Jones is down by around 0.6% at time of writing following a significant fall of around 2.6% on Thursday. There was no trading on Friday due to the July 4th national holiday.
“U.S. stocks have fallen for three straight weeks, the longest losing streak since March, on concern deeper-than- estimated job cuts and a drop in consumer confidence will prolong the recession,” reports Bloomberg.
The S&P 500 has also slumped by 6% over the last few weeks and oil prices have tumbled.
As we reported in early May, when establishment financial analysts were euphoric about an apparent economic and stock market recovery, Bilderberg’s leaked agenda for their 2009 meeting in Greece spelled out how investors were being suckered into plowing their money back into a stock market that was yet to hit a bottom.
We warned that investors were being, “Whipped up into a false state of euphoria by the belief that the economy is recovering,” and that people were “being suckered into ploughing their money back into the system as a set up for “massive losses and searing financial pain in the months ahead” (according to investigative journalist Daniel Estulin) as the stock market reverses its uptrend and plummets to new lows.”
Veteran investor Jim Rogers echoed that call during an appearance on CNBC when he told the Squawk Box Asia show, “I’m not buying shares if that’s what you mean. Not at all….the bottom will probably come later this year, next year, who knows when.”
In addition, unemployment figures that have outstripped the Obama administration’s expectations have also come to pass, with the unemployment rate currently at around 9.5%. This is also in line with Daniel Estulin’s forecast, based on what Bilderberg members were saying, that unemployment figures would be at 14% by the end of this year, a prediction made when the figure stood at 8.1%.
As we have previously highlighted, the real unemployment numbers are in reality almost double those announced, because the way in which the statistics are tallied is deliberately fudged in order to artificially lower the figure. Current methods of tallying unemployment figures do not even take into account workers who have stopped looking for work. If a worker becomes discouraged after being unable to find a job and stops looking, they disappear from the official record.
It remains to be seen whether the suckers will still be enticed to plough more money into a rigged game before the plug is pulled, but indications are that we could already be seeing the next down leg in the stock market and the economy in general.

Chart: Dow Jones Industrial Average since the beginning of the economic collapse.

Do you like the Goverment

knowning everything you do!

Letter to the Department of Homeland Security Office of Civil Rights and Civil Liberties Asking For An Investigation Into Improper Surveillance of Anti-War Activists in Maryland

(3/31/2009)

Automated Targeting System

The Automated Targeting System (ATS) is a security and tracking program for cargo that DHS has extended to travelers by assigning all who cross the nation's borders, citizen and non-citizen alike, with a computer-generated "risk assessment" score that will be retained for 40 years. This program represents a monumental change that will have profound effects on Americans' privacy. It:Will take the unprecedented step of putting the government into the business of creating "security ratings" for millions of its own citizens, and everyone else who crosses the U.S. border. Will likely make judgments based on government databases that we know are already riddled with errors. Will leave individuals without vital rights to review, correct or challenge security ratings or the information on which they are based. Illegitimately claims sweeping exemptions from the Privacy Act, a law that was passed specifically to prevent law enforcement from keeping files or databases on innocent people not suspected of a crime.

Happy 4th of July

This is your government

at work?

.

Press the title to watch the video

.

1. State - The Militarization of the Police Force in USA
2. General of all American Intelligence: 911 was a fraud!
3. Gold Manipulation by Central Banks (1 of 3)
4. CALIFORNIA IS BANKRUPT JULY 2009
5. GERALD CELENTE JULY 2009 US PRINTS DOLLARS INTO NO VALUE
6. California's economic disaster

It is no secret that the banks own the U.S. government.

For example:Leading economist Dean Baker wrote today "Banks Own the US Government"The number two ranking Democrat in the Senate, Senator Dick Durbin (D-IL), said: "Frankly, banks own the place."Collin Peterson, Chairman of the Agriculture Committee, said: “The banks run the place ... I will tell you what the problem is — they give three times more money than the next biggest group. It’s huge the amount of money they put into politics.”Of course, not all banks are equal. For example, Goldman Sachs clearly has a leading role.

Banks own the US government

There are smart ways to raise money and regulate the market, but Wall Street is working to kill any meaningful financial reformComments (…)Buzz up! Digg it Dean Baker guardian.co.uk, Tuesday 30 June 2009 18.00 BST
Last month, when the US Congress failed to pass a bankruptcy reform measure that would have allowed home mortgages to be modified in bankruptcy, senator Dick Durbin succinctly commented: "The banks own the place." That seems pretty clear.
After all, it was the banks' greed that fed the housing bubble with loony loans that were guaranteed to go bad. Of course the finance guys also made a fortune guaranteeing the loans that were guaranteed to go bad (ie AIG), and when everything went bust, the taxpayers got handed the bill. The cost of the bailout will certainly be in the hundreds of billions, if not more than $1tn when it is all over.
More importantly, we are looking at the most severe economic downturn since the Great Depression. The cumulative lost output over the years 2008-2012 will almost certainly exceed $5tn. That comes to more than $60,000 for an average family of four. This is the price that we are paying for the bankers' greed, coupled with incredible incompetence and/or corruption from our regulators.

( Get more at )

The Four Reasons the

Mainstream Media Is Worthless

There are four reasons that the mainstream media is worthless.
1. Self-Censorship by Journalists
Initially, there is tremendous self-censorship by journalists. For example, several months after 9/11, famed news anchor Dan Rather told the BBC that American reporters were practicing "a form of self-censorship":"there was a time in South Africa that people would put flaming tires around peoples' necks if they dissented. And in some ways the fear is that you will be necklaced here, you will have a flaming tire of lack of patriotism put around your neck. Now it is that fear that keeps journalists from asking the toughest of the tough questions.... And again, I am humbled to say, I do not except myself from this criticism.
"What we are talking about here - whether one wants to recognise it or not, or call it by its proper name or not - is a form of self-censorship."
Keith Olbermann agreed that there is self-censorship in the American media, and that:"You can rock the boat, but you can never say that the entire ocean is in trouble .... You cannot say: By the way, there's something wrong with our .... system".

As former Washington Post columnist Dan Froomkin wrote in 2006:
Mainstream-media political journalism is in danger of becoming increasingly irrelevant, but not because of the Internet, or even Comedy Central. The threat comes from inside. It comes from journalists being afraid to do what journalists were put on this green earth to do. . . .
There’s the intense pressure to maintain access to insider sources, even as those sources become ridiculously unrevealing and oversensitive. There’s the fear of being labeled partisan if one’s bullshit-calling isn’t meted out in precisely equal increments along the political spectrum.
If mainstream-media political journalists don’t start calling bullshit more often, then we do risk losing our primacy — if not to the comedians then to the bloggers. ( learn more at )

An Economy Bigger than Russia,

Brazil, Canada, India or Spain

Is About to Default

An economy bigger than Russia, Brazil, Canada, India or Spain is in imminent risk of defaulting on its debts.Which nation am I talking about?Not a country . . . but the state of California. California's GDP was around $1.812 trillion in 2007. According to the International Monetary Fund, that is bigger than the 2008 GDP of every country in the world except the US, Japan, China, Germany, France, UK and Italy. Given that California has more people than any other state in the US, and some of the largest agricultural, manufacturing, high-tech and defense sectors in the nation, you would think that helping California would be important. And yet - instead of helping California - the federal government is giving aid to Goldman Sachs, JP Morgan and the other financial giants who helped to cause the financial crisis, and to Israel and other foreign countries.
Does that make any sense?

America’s Effective Unemployment Rate at 18.7%?
Posted By admin On July 2, 2009 @ 12:38 pm
In Economic Crisis Steve Clemons
The Washington Note
July 2, 2009
Each month, I receive from Leo Hindery an update on “America’s effective unemployment rate” which includes not only the official unemployment figures but other data points showing off-the-books unemployed or underemployed people.
The numbers are staggering and are aggregates of official data. They matter because various Obama administration officials including the President himself started off calling for huge stimulus packages to help generate “jobs, jobs, jobs!”

Congress won't help average

Americans, only the rich. That is

because banks, wall street

and the super rich have

bought Congress and they have

created a revolving door

between NYC and Washington.

While leaving us

to sufer their will.

North Korean Missile Threat: Made in the USA
Posted By admin On July 3, 2009 @ 11:08 am

Kurt NimmoInfowars July 3, 2009

According to Air Force Gen. Victor E. Renuart, Northcom commander, the United States is ready to knock down the last stage of a Taepodong-2 missile that North Korea is expected soon to launch in the direction of Hawaii.
“The nation has a very, very credible ballistic-missile defense capability. Our ground-based interceptors in Alaska and California, I’m very comfortable, give me a capability that if we really are threatened by a long-range ICBM that I’ve got high confidence that I could interdict that flight before it caused huge damage to any U.S. territory,” said Renuart.
Intelligence analysts do not believe a missile launched from the Stalinist nation would be capable of hitting Hawaii’s main islands, which are 4,500 miles from North Korea. It is widely reported that North Korea’s missile tests are prone to malfunctions. Any warhead would be small (around 700-kilograms) and do little damage if it managed to reach Hawaii. The missile and its puny payload would likely be destroyed in the heat of re-entry. North Korea is years away from having the capability to arm a missile with a nuclear payload.
Honolulu is 7,100 kilometers from North Korea. Seattle is 7,900 and Washington 10,700.
North Korea has tested its Taepodong-2 twice. The first effort, launched in 2002, failed after 40 seconds, and the second earlier this year did not succeed in putting a small satellite in low earth orbit. The Taepodong-1 has a more consistent testing record. It has an estimated range between 3,800 and 5,900 kilometers, putting it in range of U.S. bases in Guam, Okinawa, and Japan.
“Accuracy would be problematic. The missile would be as likely to hit ocean as land,” writes the Christian Science Monitor. “Bottom line: For the moment, the chance of North Korea endangering Hawaii, or any other US territory, may be quite small.”
North Korea’s error prone and outdated ICBMs would not be possible without 30 year old Soviet technology. “With concerns rising about a possible North Korean long-range missile test this weekend, two independent scientists say the regime may be using an old Soviet ballistic missile to boost a rocket capable of reaching the West Coast of the United States,” reports Fox News.

The Big Whorehouse On The Potomac
Posted By admin On July 4, 2009 @ 11:17 am
Paul Craig RobertsInfowarsJuly 4, 2009

As Americans celebrate July 4th, they can contemplate that the union of “free and independent states,” like the former British colonial power, has evolved into its final manifestation–a complete whore house. While Members of Parliament in London charge their expense accounts with every personal expenditure, including the rental of adult xxx-rated films, an American newspaper put the reporting of public policy out to bids until politico.com blew the whistle.
In Washington, everything is for sale, including journalistic integrity. The Washington Post, which abandoned investigative reporting eons ago, decided to boost its sagging revenues by spreading her legs. The Post’s business division put out a flyer offering lobbyists access at the Post’s CEO’s gracious home to “those powerful few” in the Obama administration, Congress, and among the Post’s editors and reporters who decide the nation’s policies, such as health care.
The Washington Post’s flyer offered a Wal-Mart low cost of a mere $25,000 for one “salon” to interact with decision makers and $250,000 for eleven interactions.
Alas, people with an old fashioned sense of integrity impugned the Washington Post’s new business model, and the Post’s boss, Katharine Weymouth, had to rescind the offer that would have rescued the newspaper by turning it into a “facilitator for private lobbyist-official encounters.”
I say damn the old fashioned moralists. America would be much better served if the Washington Post was selling access to lobbyists instead of selling the US government’s PSYOPS operations in Iran, Afghanistan, Iraq, Georgia, Ukraine, Serbia, Venezuela, Honduras, and everywhere else, for which the paper receives a pittance: the reporter can tell his editor that he has a deep source within the government, hardly an adequate recompense for wars that cost American taxpayers hundreds of billions of dollars at a time when Americans cannot pay the mortgages on their homes.
America would be better off if the Washington Post whored for lobbyists than for the US Imperial State, which has failed to adjust its imperial ambitions to its bankruptcy. As an example of its whoring for US Imperialism, on July 2, the Washington Post reported President Obama’s claim that Russian Prime Minister Putin is a person who lives partly in the past, with “one foot in the old ways of doing business and one foot in the new.”

Obama's "Cap and Trade" Energy Plan

Will Cost Jobs

A quick look at the details of the Energy Plan working its way through Congress shows that Obama's energy plan will cost jobs. Please consider Energy job losers could get windfall.Workers who lose their jobs if the pending climate change legislation becomes law could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits -- all courtesy of Uncle Sam -- under a little-noticed provision of the bill.
Touted by its House Democratic authors as a jobs engine, the bill offers extraordinary compensation for those who would lose their paycheck as a consequence of its passage.
Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill's "climate change worker adjustment assistance" program, which is expected to cost $4.2 billion from 2011 to 2019.
The bill passed the House a week ago in a hotly contested 219-212 vote, with supporters arguing that a principal reason to support the bill is that it would create millions of new jobs. But analyses from the political left and right argue that potentially millions of jobs in industries tied to traditional fossil fuels would be lost and, at least initially, not enough "green" jobs would be created to replace them.
"Can you name another jobs-creation bill that was so concerned about its potential impact that it preemptively included a benefits' program for the millions of workers it expected to displace?" asked Chris Tucker, a spokesman for the Institute for Energy Research, a pro-oil industry independent think tank.
While the analyses assume displaced workers will eventually find jobs, the liberal-leaning Brookings Institution predicts a net job loss of 0.5 percent over the first 10 years that carbon reduction legislation, called "cap-and-trade," is in effect. The conservative Heritage Foundation found that by 2030 net job losses would top 1.1 million, while the Coalition for Affordable American Energy, an industry group, estimates that more than 3 million jobs would be lost by 2030 as a result of the cap-and-trade system.All Pain, No Gain
Government interference like this always costs jobs. The plan is a complete boondoggle. The provision to give displaced workers 70% of their salaries is downright disgusting. Who else gets guarantees like that?
Moreover, the plan is ripe for graft. Anyone who loses a job for any reason will be blaming the "cap-and-trade" legislation. At 70% pay, many will be hoping they lose their jobs.
Inquiring minds will want to investigate an excellent writeup on the subject called Cap and Trade and the Illusion of the New Green Economy on Prison Planet.
Contact Your Senators
"Cap-And-Trade" legislation has already passed the House. The only hope at this point is the Senate. There is a Senate Contact List in Speak Out - Audit the Fed, Then End It! You can also get Phone, Fax, and Email numbers from the Online Directory for the 111th Congress.
Please contact your senators today and stop this boondoggle. Tell them you do not support this bill outright, and you especially do not support 70% pay for those who lose their jobs. If the bill is supposed to gain jobs such provisions are not needed and will be ripe for graft.