by Stephen Lendman

Indeed not. The equity markets struck out, or as highly respected analyst Louise Yamada believes: "Clearly, this cyclical bull is over," but it's worse than that with Western and other economies cratering.

Some hover close to collapse or may head there. The operative word is hard times, the beginning of leg two of the global Depression that begin in fall 2007, likely to exceed it in harshness and duration.

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By Gilad Atzmon

"It (immigration) was a politically motivated attempt by ministers to transform the fundamental make-up and identity of this country (Britain). It was done to destroy the right of the British people to live in a society defined by a common history, religion, law, language and traditions." 

(Melanie Phillips, as quoted by mass murderer, Anders Breivik, in his manifesto)

Melanie Philips, a rabid Zionist and the author of “Londonistan: How Britain is Creating a Terror State Within” is not happy to be singled out by Andres Breivik in his 1500 pages manuscript.   Are they suggesting that “my writing provoked the mass murder of some 93 Norwegians?” she wonders righteously on her blog. I guess that Phillips knows the answer, as much as she knows how to play with words. But I will use this opportunity to reiterate it for her, and for the rest of us -- there certainly is a clear and strong resemblance between Breivik’s views and Philips’ writing. The most obvious and immediate comparison is that both oppose Islamic immigration and multiculturalism of course, but it goes much further in that both identify the enemy within the ‘left political circuit’.

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By William Blum

Arguing Libya

On July 9 I took part in a demonstration in front of the White House, the theme of which was "Stop Bombing Libya". The last time I had taken part in a protest against US bombing of a foreign country, which the White House was selling as "humanitarian intervention", as they are now, was in 1999 during the 78-day bombing of Serbia. At that time I went to a couple of such demonstrations and both times I was virtually the only American there. The rest, maybe two dozen, were almost all Serbs. "Humanitarian intervention" is a great selling device for imperialism, particularly in the American market. Americans are desperate to renew their precious faith that the United States means well, that we are still "the good guys".

This time there were about 100 taking part in the protest. I don't know if any were Libyans, but there was a new element — almost half of the protesters were black, marching with signs saying: "Stop Bombing Africa".

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By Mohamed Kamel

While some were preparing a new moral attack against Muslims and Islam on the 10th anniversary of 9-11, Oslo was the stage of 2 horrific attacks in a few hours.  A quick arrest was made and charges have been presented to court but it will remain limited as there will be no mass arrests or labeling to a specific faith or group, because they are not Muslims or Arabs.

Nothing new, it starts usually with accusing Muslims then refers it to a lunatic inpidual, the same thing happened in Oklahoma City on April 19^th, 1995. There were no mass arrests and the right wing remained defined in refusing gun control. Because they believe that freedom shouldn’t be compromised because of inpidual acts.  This inpidual can be a single or a plural, as long as they are not THEM. 

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By Gilad Atzmon

Thanks to respected anti-Zionist Jeff Blankfort (who provided me with a crucial link) I have now learned that, just one day before last Friday’s Massacre in Norway, former Trotsky-ite turned neo-con David Horowitz carried an article by Joseph Klein in his Front Page magazine, entitled "The Quislings of Norway," which might as well have provided mass murderer Anders Behring Breivik with all the motivation he needed to commit his crime.

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By Stuart Littlewood

Here in the UK we have so many craven politicians paying homage to the likes of Murdoch and playing stooge to the pro-Israel lobby that there’s little time to take much interest in US politics. So I apologise to American friends for briefly intruding on their grief; but somebody has sent me a copy of a letter from a US Congresswoman to one of her constituents.

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By Silver Shield

We are at the beginning of a major shift out of paper assets into real assets. Those that are starting to come to this revelation have no real understanding what they are doing when they are buying gold. Sure they might get that it is rare and might remember their grandfather saying buy to gold, but they have not gone through the educational process necessary to truly grasp what they are doing.  When I wanted to get out of paper assets, I bought gold as a gut reaction. The more I learned about silver, the more I realized that silver was the smart decision.

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Brennan Browne

Incapacitating panic. Perpetual gnawing fear. The hopeless resignation of waking every morning to an existence which continues pushing one so far to the edge of survivability, it's like bricks being systematically stacked on a drowning victim. Each day becomes a little more impossible to keep one's head above water, as psychopathic tormentors sadistically add one more brick, then another, and another. The victim understands the end is near but is incapable of breaking free. This is the economic reality for large swathes of people currently assaulted and sacrificed on the altar of greed, by the brazen tyranny of our politicians.

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By Joel S. Hirschhorn

We would already have had a much needed American revolution in response to the tyranny of the money-fed two-party plutocracy that is destroying the middle class except for one big problem: so much of the American population is just plain stupid.  Too stupid to behave like angry Greeks and rise up in the streets to rebel against the dysfunctional government.

In the never ending fight of Republicans and their cancerous (make that stupid) Tea Party members to gain even more control of the US political system, economy and culture they have fixed on another semantic weapon.  The latest attack on intelligence is the constant use of the term job creators in place of words like the rich or wealthy.  Not just plain Republicans in Congress are doing this, but especially the large crop of Republican presidential candidates.

This bit of cleverness surely was deemed necessary because much of the nation was beginning to appreciate the class warfare going on.  Rising economic inequality, unemployment set in concrete, and merging of the middle class into the poverty stricken lower class were all becoming clearer.

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By MarketWatch

WASHINGTON (MarketWatch) — It’s not news that Wall Street is doing much better than Main Street, but we didn’t know just how much better until the government updated the economic statistics going back to 2008.

Here’s the grim report that will surprise no one who’s been paying attention the past three years: The fat cats are fatter than we thought, and the incomes of regular folk are worse than we thought.

Profits account for a larger share of GDP than at any time in the past 60 years.

As part of its regular revisions to the national income accounts, the Commerce Department told us Friday that corporate profits in 2008, 2009 and 2010 were actually $343 billion higher than earlier estimated.

And personal incomes of American families were $265 billion lower over those three years than previously estimated.

One more thing: the gross domestic product was also revised lower. Read our story: “GDP grows a slender 1.3% in second quarter.”

According to the latest data, profits of U.S. corporations are at record levels even as the U.S. economy gasps for air. Profits have been totally divorced from the economic fortunes of the American people.

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