Tuesday, January 10, 2012

Why Washington Wants ‘Finito’ with Putin



By F. William Engdahl


Washington clearly wants ‘finito’ with Russia’s Putin as in basta! Or as they said in Egypt last spring, Kefaya–enough! Hillary Clinton and friends have apparently decided Russia’s prospective next president, Vladimir Putin, is a major obstacle to their plans. Few however understand why. Russia today, in tandem with China and to a significant degree Iran, form the spine, however shaky, of the only effective global axis of resistance to a world dominated by one sole superpower.

On December 8 several days after election results for Russia’s parliamentary elections were announced, showing a sharp drop in popularity for Prime Minister Putin’s United Russia party, Putin accused the United States and specifically Secretary of State Hillary Clinton of fuelling the Russian opposition protesters and their election protests. Putin stated, “The (US) Secretary of State was quick to evaluate the elections, saying that they are unfair and unjust even before she received materials from the Office of Democratic Institutions and Human Rights (the OSCE international election monitors-w.e.) observers.”[1]

Putin went on to claim that Clinton’s premature comments were the necessary signal to the waiting opposition groups that the US Government would back their protests. Clinton’s comments, the seasoned Russian intelligence pro stated, became a “signal for our activists who began active work with the US Department of State.” [2]

Major western media chose either to downplay the Putin statement or to focus almost entirely on the claims of an emerging Russian opposition movement. A little research shows that, if anything, Putin was downplaying the degree of brazen US Government interference into the political processes of his country. In this case the country is not Tunisia or Yemen or even Egypt. It is the world’s second nuclear superpower, even if it might still be an economic lesser power. Hillary is playing with thermonuclear fire.
Read article here

Sunday, January 8, 2012

Democracy in Libya?



Ex-rebels’ war for money, power: Fierce clashes erupt in Tripoli


Gun fight erupts in central Tripoli, killing two, as ex-rebels from Misrata clash with unit of ex-fighters from Libyan capital.


Middle East Online

By Jay Deshmukh – TRIPOLI

Who will prevail first?

A gun fight erupted in central Tripoli on Tuesday, killing two, as a group of former rebels from the western city of Misrata clashed with a unit of ex-fighters from the Libyan capital, witnesses said.

The two groups of former rebels who helped topple the regime of slain leader Moamer Gathafi traded anti-aircraft and heavy machinegun fire as they fought in broad daylight in a Tripoli neighbourhood.

The fighting broke out between Al-Zawiyah and Al-Saidi streets near a building used as intelligence headquarters by the former regime.
Article posted here

New war strategy: fewer troops, more drones

Friday, January 6, 2012

Faking It: How the Media Manipulates the World into War


More information and transcript here

The Euro is leaving Greece – and a new Great Depression has entered.




from Merijn Knibbe


Do Great Depression’ policies lead to ‘Great Depression’ results? Yes, they do. Look at the above chart showing the development of the money supply in Greece. The closest historical precedent is not really ‘Zimbabwe’, but, to the contrary, the Great Depression. There clearly is a ‘bank run’ going on, as stated by Paul de Grauwe. And no, this is not really a ‘Zimbabwe’ – it’s the opposite. Let’s face it, not the government but the country is broke, the present bickering about loans is utter nonsense. The Euro-system has, for whatever reasons, utterly failed. It led to a new Great Depression, in Greece. And yes, we have to look at the increases of the amount of money (read: debts and capital inflows) before 2006, too. But these are not the present problem. More information here

Wednesday, January 4, 2012

Chart of the day: US profit and wage shares 1970 – 2011



This graph shows that:

1. since the early 1980s the underlying trend in the United States has been for a bigger share of national income going to corporate profits and less to employees, and
2. now under Obama the rate of redistribution has reached an unprecedented level.

Monday, January 2, 2012

Exporting to future enemies?


Australian Prime Minister, Robert Menzies earned the title of "Pig Iron Bob" when he sold iron to Imperial Japan in 1938, from which bombs and warships were built to kill Australian soldiers with later on. Are the Americans doing the same in the Middle East?

Sunday, January 1, 2012

Rule Britannia?

Morgan Stanley global debt ratio calculations.

Is this why British Prime Minister David Cameron refused to cozy up with the other EU member states? In depth article published here

Saturday, December 31, 2011

Thursday, December 29, 2011

"The decision to attack Syria was made at a meeting at Camp David on 15 September 2001"



Article by Chérif Abdedaïm

Featured below is the interview that Thierry Meyssan gave to our colleagues from the Algerian daily newspaper the La Nouvelle République. Worthy of mention is the fact that the interview was given front page billing. While Western journalists eagerly relay the war propaganda against Syria, another reading of the events is emerging in countries where the press is not required to adjust to the editorial line dictated by the Empire.

Monday, December 26, 2011

Load-down on engineered revolutions - the pros are at it.



December 24, 2011 - In January of 2011, we were told that "spontaneous," "indigenous" uprising had begun sweeping North Africa and the Middle East in what was hailed as the "Arab Spring." It would be almost four months before the corporate-media would admit that the US had been behind the uprisings and that they were anything but "spontaneous," or "indigenous." In an April 2011 article published by the New York Times titled, "U.S. Groups Helped Nurture Arab Uprisings," it was stated:

"A number of the groups and individuals directly involved in the revolts and reforms sweeping the region, including the April 6 Youth Movement in Egypt, the Bahrain Center for Human Rights and grass-roots activists like Entsar Qadhi, a youth leader in Yemen, received training and financing from groups like the International Republican Institute, the National Democratic Institute and Freedom House, a nonprofit human rights organization based in Washington."

The article would also add, regarding the US National Endowment for Democracy (NED):

"The Republican and Democratic institutes are loosely affiliated with the Republican and Democratic Parties. They were created by Congress and are financed through the National Endowment for Democracy, which was set up in 1983 to channel grants for promoting democracy in developing nations. The National Endowment receives about $100 million annually from Congress. Freedom House also gets the bulk of its money from the American government, mainly from the State Department. "
Detailed article posted here

Christmas message - from John F. Kennedy

JFK speech to the American Newspaper Publishers Association, New York, NY, April 27, 1961.

Sunday, December 25, 2011

Thursday, December 22, 2011

Against AFRICOM – Cynthia McKinney on GRTV

“Free Syrian Army” commanded by Military Governor of Tripoli

Aldel Hakim Belhaj is the historic leader of Al Qaeda in Libya and Military Governor of Tripoli - now chief of the Free Syrian Army.

by Thierry Meyssan – Voltaire Network | 19 December 2011


In the wake of the “Arab Spring” and NATO interventions, both official and secret, Qatar seeks to impose Islamist leaders wherever possible. This strategy has led it not only to fund the Muslim Brotherhood and to hand Al-Jazeera over to them, but also to support Al Qaeda mercenaries, who will henceforth oversee the Free Syrian Army. However, this new scenario raises serious concerns in Israel and among the supporters of the “clash of civilizations.”
The UN Security Council members are at loggerheads over the interpretation of the events that are rocking Syria. On one hand, France, the United Kingdom and the United States claim that a revolution has swept the country, in the aftermath of the “Arab Spring”, and suffering a bloody crackdown. On the other hand, Russia’s and China’s take is that Syria is having to cope with armed gangs from abroad, which it is fighting awkwardly thereby causing collateral victims among the civilian population it seeks to protect.

The on-the-spot investigation undertaken by Voltaire Network validated the latter interpretation [1]. We have collected eyewitness testimonies from those who survived an armed attack by a foreign gangs. They describe them as being Iraqis, Jordanians or Libyans, recognizable by their accent, as well as Pashtun.
Continue reading article here

The 25 Most Vicious Iraq War Profiteers

The first name that comes to everyone’s mind here is Halliburton. According to MSN Money, Halliburton’s KBR, Inc. division bilked government agencies to the tune of $17.2 billion in Iraq war-related revenue from 2003-2006 alone. This is estimated to comprise a whopping one-fifth of KBR’s total revenue for the 2006 fiscal year. The massive payoff is said to have financed the construction and maintenance of military bases, oil field repairs, and various infrastructure rebuilding projects across the war-torn nation. This is just the latest in a long string of military/KBR wartime partnerships, thanks in no small part to Dick Cheney’s former role with the parent company.


The Iraq war is many things to different people. It is called a strategic blunder and a monstrous injustice and sometimes even a patriotic mission, much to the chagrin of rational human beings. For many big companies, however, the war is something far different: a lucrative cash-cow. The years-long, ongoing military effort has resurrected fears of the so-called “military-industrial complex.” Media pundits are outraged at private companies scooping up huge, no-questions-asked contracts to manufacture weapons, rebuild infrastructure, or anything else the government deems necessary to win (or plant its flag in Iraq). No matter what your stance on the war, it pays to know where your tax dollars are being spent.

Following is a detailed rundown of the 25 companies squeezing the most profit from this controversial conflict. Read article here

Saturday, December 17, 2011

Money primer

Public Banking hits mainstream news - at last

"We have a specific mission ... that's not necessarily bottom-line driven" — Eric Hardmeyer, Bank of North Dakota CEO Jenn Ackerman for Bloomberg Businessweek

By Alison Vekshin

Eric Hardmeyer may be the most popular banker in America. Over the last two years officials and advocacy groups in more than 30 states have called the Bank of North Dakota, where he is chief executive officer, to ask: How does the country’s only state-owned bank work? “As the financial crisis deepened and there were liquidity issues around the country,” says Hardmeyer, “our model was looked at a little bit deeper than it ever had been before.”

The Bismarck-based bank was founded in 1919 to lend money to farmers, then the state’s biggest economic contributors, and retains its socially minded ethic by subsidizing loans for those it believes will stimulate growth: startup businesses and beginning farmers and ranchers. The borrowers apply for the loans through one of the state’s 100-plus local banks and credit unions. If they qualify, the community lender issues the loans at the market rate; the borrowers pay a fraction of the interest, with the Bank of North Dakota covering most of the difference. How can the state bank afford the subsidies? Profit isn’t its first priority. “We have a specific mission that we’re trying to achieve,” says Hardmeyer, “that’s not necessarily bottom-line driven.”
Continue reading article here

The biggest company you've never heard of...

It' about our money - Let's get full value for our oil sands

Friday, December 16, 2011

We, The People

We're all in it together


More information available here

Wednesday, December 14, 2011

China's epic hangover begins

Chinese stocks are flashing warning signs. The Shanghai index has fallen 30pc since May. It is off 60pc from its peak in 2008, as much in real terms as Wall Street from 1929 to 1933. Photo: Reuters


China's credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC's dream that is at last coming down to earth with a thud.

By Ambrose Evans-Pritchard

It is hard to obtain good data in China, but something is wrong when the country's Homelink property website can report that new home prices in Beijing fell 35pc in November from the month before. If this is remotely true, the calibrated soft-landing intended by Chinese authorities has gone badly wrong and risks spinning out of control.

The growth of the M2 money supply slumped to 12.7pc in November, the lowest in 10 years. New lending fell 5pc on a month-to-month basis. The central bank has begun to reverse its tightening policy as inflation subsides, cutting the reserve requirement for lenders for the first time since 2008 to ease liquidity strains.

The question is whether the People's Bank can do any better than the US Federal Reserve or Bank of Japan at deflating a credit bubble.

Chinese stocks are flashing warning signs. The Shanghai index has fallen 30pc since May. It is off 60pc from its peak in 2008, almost as much in real terms as Wall Street from 1929 to 1933.

"Investors are massively underestimating the risk of a hard-landing in China, and indeed other BRICS (Brazil, Russia, India, China)... a 'Bloody Ridiculous Investment Concept' in my view," said Albert Edwards at Societe Generale.
Read full article here




Tuesday, December 13, 2011