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Hold Both Parties Responsible for Bankrupting the USA
By Timothy V. Gatto
Voltaire: “Those who can make you believe absurdities can make you commit atrocities.”
Those words should be the next mantra for this American nation. The actions of NATO and the United States are certainly absurd. The statement by Obama that we are involved in Libya on “Humanitarian Grounds” is patently ridiculous. The truth is that we are involved in Libya to further American Imperialism and support American hegemony in the region. If we sincerely wished to promote Arab democracy, we wouldn’t have supported Saudi Arabia’s decision to send troops into Bahrain to stifle democratic dissent against a harsh monarchy. The mainstream media’s take on the events in Libya have shown conclusively that we have no free press here in America.
ForeclosureGate Deal - The Mandatory Cover Up
The Federal government is about to settle the ForeclosureGate affair, according to a report in the New York Times on April 9. The Times noted that twelve million homes will be lost by 2012. Home equity values are down by $5.6 trillion since the real estate crash.
The draft agreement released to American Banker shows another corporate-friendly deal designed to maintain the incumbent perpetrators at the expense of the people. (Image: zoonabar)
The proposed settlement culminates an effort by federal prosecutors to address strongly supported allegations of widespread mortgage fraud perpetrated on as many as sixty percent of current mortgage holders. Homeowners were sold mortgages, serviced for the loans, and, in some cases, subjected to foreclosure and eviction based on fictional contracts and collections practices that violate the most basic principles of contract law and specific federal code pertaining to fraudulent debt collection.
Bretton Woods 2.0: Soros New World Order Conference
by Stephen Lendman
In July 1944, 730 delegates from 44 nations met at the Mount Washington Hotel in Bretton Woods, NH for a UN Monetary and Financial Conference. Its purpose was to establish a post-war international monetary system of convertible currencies, fixed exchange rates, free trade, the US dollar as the world's reserve currency linked to gold, and those of other nations fixed to the dollar.
It also designed an institutional framework for market-based capital accumulation to assure newly liberated colonies would pursue capitalist economic development beneficial to victorious allies, mainly America.
In addition, the IMF and World Bank were established to integrate developing nations into the Global North-dominated world economy, using debt entrapment as the way to transfer their wealth to powerful Western bankers.
Fukushima Elevated to Level 7
by Stephen Lendman
Fukushima's disaster will scar much, perhaps all of Japan for generations, including fetuses and newborns to be genetically harmed by radiation poisoning.
Kyodo News announced the latest news headlining, "Japan ups Fukushima nuke crisis severity to 7, same as Chernobyl," saying:
"The government's Nuclear and Industrial Safety Agency (NISA) upgraded its provisional evaluation based on an estimate that radioactive materials far exceeding the criteria for level 7 have so far been released into the external environment...."
Japan Post’s Stalled Sale a Saving Grace: The World’s Largest Depository Bank Can Fund Reconstruction
Ellen Brown
When an IMF spokeswoman said at a news conference on March 17 that Japan has the financial means to recover from its devastating tsunami, skeptical bloggers wondered what she meant. Was it a polite way of saying, “You’re on your own?”
Spokeswoman Caroline Atkinson said, "The most important policy priority is to address the humanitarian needs, the infrastructure needs and reconstruction and addressing the nuclear situation. We believe that the Japanese economy is a strong and wealthy society and the government has the full financial resources to address those needs." Asked whether Japan had asked for IMF assistance, she said, "Japan has not requested any financial assistance from the IMF."
Skeptics asked how a country with a national debt that was over 200% of GDP could be “strong and wealthy.” In a CIA Factbook list of debt to GDP ratios of 132 countries in 2010, Japan was at the top of the list at 226%, passing up even Zimbabwe, ringing in at 149%. Greece and Iceland were fifth and sixth, at 144% and 124%. Yet Japan’s credit rating was still AA, while Greece and Iceland were in the BBB category. How has Japan managed to retain not only its credit rating but its status as the second or third largest economy in the world, while carrying that whopping debt load?
PUTTING OUT FIRE WITH GASOLINE IN LIBYA
By Susan Lindauer, former U.S. Intelligence Asset covering Libya and Iraq at the United Nations
War doesn’t work, does it? Best case scenario, NATO's war against Libya will run 18 to 24 months unless decisive action is taken right now—this day—to end the military confrontation.
Moussa Koussa, Libya's Foreign Minister who defected to Britain on March 30, warns Libya is in danger of becoming the "New Somalia."
Violence is erupting from both sides. The ugly truth is that with every missile strike, NATO kills more and more Libyan people.
How the Western Nations Terrorized Muslim People?
By Mahboob A. Khawaja, Ph.D.
Terrorism originates from the Western colonial powers but none would dare to concede it for the FEAR of unknown in contemporary history. When the European businessmen explored new world markets for diminishing resources and their armed forces invaded and occupied the vast Islamic world, there were no television, internet, video cameras and stone throwing public and voices of reason to call them foreign mercenaries, aggressors and terrorists. The colonization scheme of things was not outcome of the Western democratic values to spread freedom, liberty and justice but ferocity of violence and killings of millions and millions of human lives for the Empires to be built on colored bloodbaths. The European crusaders crossed the channels and unknown time zones to subjugate the much divided Muslim people as part of their nationalism perception and values that Muslims were inferior to the European race and could be used as raw material to erect the new Empires. Many centuries past, if there was a UNO, it would not have dared to call the European intruders as terrorists because it would have been their own organization as Muslims lived in slavery and denial of basic human rights and identity. In an information age, knowledge–driven global culture of reason, ignorance is no longer a requisite to learn from the living history. History speaks of the Al-Andalusia Arab civilization as the longest advanced civilization lasting for eight centuries in Europe. Now, the Europeans identify themselves as civilized people but the effective date for the claim remains a mystery.
Willful Ignorance
By Paul Carline
Cards on the table. I’ve been a “truther” since early 2002 when I came across the first major challenge to the official 9/11 story in the shape of the wonderful “Hunt the Boeing” site created by French researcher Thierry Meyssan. Until then I’d accepted the standard “Left” version of the government account - that a group of daring Muslims acting on behalf of the victims of US foreign policy had struck back at the great tyrant. The photographic and other evidence presented by Meyssan demonstrated beyond reasonable doubt that whatever it was that had caused the damage to the Pentagon, it certainly wasn’t a large Boeing jet. If the government’s story was a lie on that major point, then the whole story was brought into question. I knew at once that I had to find out as much as I could about the event which everyone was saying had “changed the world”. [i]
Planned Libyan Invasion
by Stephen Lendman
In his book, "Winning Modern Wars," General Wesley Clark said Pentagon sources told him two months after 9/11 that war plans were being prepared against Iraq, Syria, Lebanon, Iran, Somalia, Sudan and Libya. Months earlier, they were finalized against Afghanistan.
Clark added:
"And what about the real sources of terrorists - US allies in the region like Egypt, Pakistan, and Saudi Arabia? Wasn't it repressive policies of the first, and the corruption and poverty of the second, that were generating many of the angry young men who became terrorists? And what of the radical ideology and direct funding spewing from Saudi Arabia?"
"It seemed that we were being taken into a strategy more likely to make us the enemy - encouraging what could look like a 'clash of civilizations' - not a good strategy for winning the war on terror."
Since insurgency in Libya began, reports of a ground invasion circulated despite no UN authorization and official denials.
The Theory That’s Killing America’s Economy—and Why It’s Wrong
Ian Fletcher
I wrote in a previous article how America’s disastrous embrace of free trade is ultimately based on a false theory of how the global economy works: the so-called Theory of Comparative Advantage. This is what economists, from the government on down, believe in. This matters.
But I didn’t explain why the theory is wrong—which it is. Understanding its flaws is the price of admission to serious criticism of free trade, so it’s well worth getting a grasp on them. Economic theory can be a tough chew, but it’s worth the effort, if only to gain the intellectual confidence not to be intimidated by the so-called experts. So… let’s take a look at some of that machinery behind the wizard’s curtain, shall we?
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