August 29th, 2011

Euro bail-out in doubt as “hysteria” sweeps Germany

UK Telegraph | Ambrose Evans-Pritchard

Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country’s constitutional court rules on the legality of the EU’s bail-out machinery.

If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

The seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling, the EFSF’s director.

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Gold, politics, and Venezuela

Gold Money.com |

Markets were abuzz last week with Chavez’s recall of Venezuela’s gold reserves not currently held in Caracas. Bulls are excited by the thought that withdrawing some 150-200 tonnes from the Bank of England and the bullion banks will force a bear squeeze on the LBMA, where gearing between the physical and paper markets are assumed to be 100 to 1. This stretches the relationship between paper gold and physical gold even further. They are also excited by the possibility that others might follow Venezuela’s example.

These concerns are real and should not be dismissed lightly, and the announcement could not have come at a worse time for LBMA members, who also face being caught up in a European banking crisis. Fear dominates, but the real trigger for this market emotion, and therefore its outcome, is global politics. Chavez is not just recalling his country’s gold to protect its integrity, he is waging an idealist’s war against the capitalist system and the US in particular. This is why he has threatened to move gold and foreign reserves to the countries he says he trusts, principally Russia and China, and why he is proposing to nationalise Venezuela’s gold mines.

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The West Wants to take Control of Libya’s Oil Wealth

Global Research | by Prof. Michel Chossudovsky

While Libyan revolutionaries have not yet won the war in the oil-rich country, Western powers are already discussing the post-Gaddafi period on such issues as how the interim government there needs to honor its oil contracts.

In case of internal fighting in Libyan crisis, will the US and its coalition NATO allies deploy boots on the ground to protect their oil interests?

In a Press TV interview, Michel Chossudovsky, Director of Center for Research on Globalization, shed more light into the development. The following is a rush transcription of the interview:

Press TV: Western powers have said the international community will support the political transition to a free and democratic Libya: In what form will this “support” come? A “Western” democracy imposed on Libyans? What is that going to means for the Libyans? They used the same language when they attacked Afghanistan 10 years ago and Iraq 8 years ago. The US still insists it soldiers should have immunity in these countries. How will it be in Libya?

Chossudovsky: Well I think we have to understand both the nature of this military operation, the covert intelligence behind the rebels, as well as the extensive bombings of civilians infrastructure, residential areas, as well as schools, universities, hospitals which has taken place in the course of the last few months.

And particularly virtually continuous bombings, at night in Tripoli in the course of last few days. We are talking about 20,000 sorties, 8,000 strike sorties, In another words what has happened in the course of these last months, particularly in a last few weeks, is the destruction of an entire country, its infrastructure, institutions, very targeted, involving a lot of civilian casualties.

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Ron Paul calls for spending cuts before hurricane relief

Raw Story | David Edwards

The moment Hurricane Irene was sweeping through New York, Republican presidential candidate Ron Paul was calling for additional spending cuts before funding disaster relief.

The Texas congressman doubled down comments he made Friday that the nation was better off in the 1900s, before the existence of the Federal Emergency Management Agency (FEMA).

“Congressman, you would really at this point, do away with FEMA and all the things it’s doing to help hundreds of thousands of people along the East Coast?” Fox News Chris Wallace asked Paul.

“Have you ever read the reports that came out of New Orleans [after Hurricane Katrina]?” Paul laughed. “It’s a system of bureaucratic central economic planning, which is a policy that is deeply flawed.”

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Ron Paul should take Rick Perry to the woodshed

The Hill | Brent Budowsky

Rep. Ron Paul (R-Texas) should, and probably will, take Texas Gov. Rick Perry to the woodshed as America’s leading phony conservative flavor of the month, and launch the mother of all Ron Paul money bombs. While Ron Paul is an authentic libertarian Rick Perry, is a polyester political libertine who moves effortlessly from championing Al Gore to imitating Ron Paul.

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Lost in a Yemen Jail! … A DB Staffer Speaks About His Long, Strange Trip and the Secret Gulag America Has Built in the Middle East and Africa

The Daily Bell | Anthony Wile

Coming across the border of Yemen for some reason, a top Daily Bell gnome predictably (you really can’t send them anywhere) attacked a senior Yemen official with gustatory intentions. The ravenous gnome was then taken into custody and remanded to the second-most secure jail in all of Yemen, a political jail complete with dungeons, blindfolds and hundreds of incarcerated supposed al Qaeda prisoners. Foolish gnome! President Saleh’s police state was not created for his nutritional needs!

Daily Bell: We’re going to treat this interview as if we don’t know you or even, for the most part, what happened. So let’s begin with the most important question. Are you really a gnome?

Gnomish Staffer: Some days it feels so.

Daily Bell: What the hell were you doing in Yemen?

Staffer: Crossing over the border in a smuggler’s truck. They smuggle gas from Oman next door where it’s cheaper.

Daily Bell: So this is a true story?

Staffer: You can make up your own mind about the gnome – but the jail part is true. All that I’m going to relate here is the truth as I saw it and recall it. I was held in Yemen in a political jail.

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John McCain Pushed to Arm Gaddafi in 2009

The Humble Libertarian |

Could it get any more stupid than this? A new Wikileaks cable reveals that before he pushed hard for war this year against Gaddafi’s regime in Libya (by actually aiding Al Qaeda forces among the Libyan rebels with U.S. airpower ….yeah), Senator John McCain was the dominant congressional voice in pushing for military aid to Gaddafi in the form of providing lethal and non-lethal U.S. military equipment.

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Shanksville Resident Speaks Out About 9-11

American Free Press | Victor Thorn.

Has somebody actually located the spot where Flight 93—or a plane purported to be Flight 93—crashed near Shanksville, Pa. on Sept. 11, 2001? On Aug. 10, AFP’s Washington, D.C. office received a phone call from a woman in Cambria County, Pa. who will only be identified in this article as “Nicole.”

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Source: Teen in U.S. Custody in ‘Jihad Jane’ Plot

Fox News | Associated Press

A U.S. teen from Pakistan is in secret custody, accused of helping recruit terrorists for the woman known as “Jihad Jane,” a person close to the boy’s family said Friday.

Charges filed last month accuse the 17-year-old of helping Colleen LaRose in her alleged efforts to incite an Islamic holy war. Prosecutors have said LaRose was a convert to Islam who wrote of being driven by an urge to help suffering Muslims.

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9/11 After A Decade: Have We Learned Anything?

Global Research | Dr. Paul Craig Roberts

In a few days it will be the tenth anniversary of September 11, 2001. How well has the US government’s official account of the event held up over the decade?

Not very well. The chairman, vice chairman, and senior legal counsel of the 9/11 Commission wrote books partially disassociating themselves from the commission’s report. They said that the Bush administration put obstacles in their path, that information was withheld from them, that President Bush agreed to testify only if he was chaperoned by Vice President Cheney and neither were put under oath, that Pentagon and FAA officials lied to the commission and that the commission considered referring the false testimony for investigation for obstruction of justice.

In their book, the chairman and vice chairman, Thomas Kean and Lee Hamilton, wrote that the 9/11 Commission was “set up to fail.” Senior counsel John Farmer, Jr., wrote that the US government made “a decision not to tell the truth about what happened,” and that the NORAD “tapes told a radically different story from what had been told to us and the public.” Kean said, “We to this day don’t know why NORAD told us what they told us, it was just so far from the truth.”

Most of the questions from the 9/11 families were not answered. Important witnesses were not called. The commission only heard from those who supported the government’s account. The commission was a controlled political operation, not an investigation of events and evidence. Its membership consisted of former politicians. No knowledgeable experts were appointed to the commission.

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Cell Phone Deals on Craigslist

Gary North |

This was posted on one of my site’s forums. It deserves wider circulation.

* * * * * * *

If you have a cell phone contract, whether one year, two year, or whatever, you probably get discounts on phones when the contract is just about up. If you stick with the same type of phone when you upgrade, or maybe even get a higher level upgrade a bit, here’s how you can possibly pay nothing at all when you upgrade…

The last time I upgraded to a new phone for $85 total after the rebate (a smart phone at that), they wanted to buy back my old smart phone for $27. My spidy sense went off and I wondered if I get more for it somewhere else, even though I didn’t know anyone who wanted my phone. It turns out I was right…

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Why Aren’t There Urinals In Houses?

Weakonomics |

Boys, everywhere you go you use a urinal to tinkle. I counted yesterday and I used a urinal twice as often as I use a toilet. And it’s only at home when I don’t have access to one. Why is that?

Urinals use a lot less water than toilets, and most people don’t subscribe to the “if it’s yellow let it mellow” phenomenon so we aren’t getting any water conservation that way. And ladies, if you don’t know, they make urinals that don’t use any water now too.

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The Many Collapses of Keynesianism

Lew Rockwell Jr |

It should be obvious to everyone but the most dedicated adherent of Keynesianism that the stimulus did not accomplish its end. The combination of outright spending by Congress, the desperate schemes to reflate the housing market, the attempt to transfuse bleeding firms with other people’s money, and the creation of trillions in artificial money, has not done a thing to lift the US economy.

Actually, the reverse has been true. All these efforts have prevented the adjustment of economic forces to the post-boom world. And all the resources that the stimulus consumed were extracted from the private sector, for we must always remember that government has no resources of its own. Everything it does must come from the hides of private producers and the citizenry in general, in the future if not immediately.

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Ron Paul: Why a Top-tier Candidate Is Ignored by Republicans

The New American | Jack Kerwick, Ph.D.

It is hard not to be amazed by the blackout of media coverage of Ron Paul’s presidential campaign. Had Newt Gingrich, Herman Cain, Rick Santorum, Jon Huntsman, or any second-tier candidate been performing remotely as well as Paul has, he would no longer be regarded as a “second-tier” candidate. To the credit of such left-leaning outlets as Jon Stewarts’ The Daily Show and The Huffington Post, this phenomenon has not gone unnoticed by everyone.

Let’s think about this.

In spite of the extent to which Paul has been ignored by the establishment media in both of its leftist and rightist varieties, he unfailingly elicits explosive applause in every GOP presidential primary debate in which he has participated. A Fox News poll, of all places, shows that the overwhelming majority of its respondents hold that Ron Paul achieved a decisive victory over all of the other candidates in the most recent debate in Iowa. Of 7,991 “active” cities nationwide that participated in the poll, and 43,293 total votes, 27,459 people thought that Paul won the debate. Newt Gingrich came in second place — with 5, 906 votes.

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BBC Responds Over False Tripoli Footage

PrisonPlanet.com | Steve Watson

For what it’s worth here is a response from the BBC concerning footage it ran on August 24, claiming a gathering in India, with people waving Indian flags, was actually footage of celebrations from a liberated Green Square in Tripoli:

Dear Mr Watson,

Thanks for contacting us regarding ‘Breakfast’ broadcast on 24 August on BBC One.

We understand you were concerned that incorrect footage was shown during a report on the latest developments from Tripoli, and that images from India were broadcast instead.

We forwarded your complaint to ‘Breakfast’ Editors who explained in response that they realised within moments that they were showing the wrong footage and quickly took it down.

They also apologised immediately and pointed to how the problem was caused by confusion over a “feed” coming in to television centre from the international agencies.

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