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Is China Ready To Pull The Plug?

16 September 2011

There are two mainstream market assumptions that, in my mind, prevail over all others. The continuing function of the Dow, the sustained flow of capital into and out of the banking sector, and the full force spending of the federal government are ALL entirely dependent on the lifespan of these dual illusions; one, that the U.S. Dollar is a legitimate safe haven investment and will remain so indefinitely, and two, that China, like many other developing nations, will continue to prop up the strength of the dollar indefinitely because it is “in their best interest”. In the dimly lit bowels of Wall Street such ideas are so entrenched and pervasive, to question their validity is almost sacrilegious. Only after the recent S&P downgrade of America’s AAA credit rating did the impossible become thinkable to some MSM analysts, though a considerable portion of the day-trading herd continue to roll onward, while the time bomb strapped to the ass end of their financial house is ticking away.

The debate over the health and longevity of the dollar comes down to one very simple and undeniable root pillar of economics; supply and demand. The supply of dollars throughout the financial systems of numerous countries is undoubtedly overwhelming. In fact, the private Federal Reserve has been quite careful in maintaining a veil of secrecy over the full extent of dollar saturation in foreign markets in order to hide the sheer volume of greenback devaluation and inflation they have created. If for some reason the reserves of dollars held overseas by investors and creditors were to come flooding back into the U.S., we would see a hyperinflationary spiral more destructive than any in recorded history. As the supply of dollars around the globe increases exponentially, so too must foreign demand, otherwise, the debt machine short-circuits, and newly impoverished Americans will be using Ben Franklins for sod in their adobe huts. As I will show, demand for dollars is not increasing to match supply, but is indeed stalled, ready to crumble.

China, being the second largest holder of U.S. debt next to the Fed, and the number one holder of dollars within their forex reserves, has always been the key to gauging the progression of the global economic collapse now in progress. If you want to know what’s going to happen tomorrow, watch what China does today.

Back in 2005, China began a low profile program to issue government debt denominated in the Yuan, called Yuan bonds, or “Panda Bonds”. This move was almost entirely ignored by establishment economists. They should have realized then that China was moving to strengthen the Yuan, expand its use in other markets, and recondition their economic structure away from export dependency and towards consumerism (as they have done with the establishment of the ASEAN trading bloc). Of course, in the MSM at that time, there was no derivatives bubble, no credit crisis, no debt implosion. America was on cloud nine. China, through inside knowledge, or perhaps a crystal ball, knew exactly what was about to happen, and insulated itself accordingly by generating distance between its system and the soon to derail retail based society of the U.S. This dynamic has not changed since the 2008 bubble burst, and Chinese activity is still the ultimate litmus test for economic volatility.

Today, there is widespread confusion in markets over the direction of America’s financial future. In the wake of the credit downgrade, most investors unaware of the bigger picture are desperately clinging to any and every piece of news no matter how trivial, every rumor from the Fed, and every announcement from the government no matter how empty. China’s economic news feeds have been tightly regulated and filtered, even more so than usual (which is cause for concern, in my opinion), while distractions in Europe abound. Let’s take a step by step journey through these issues, and see if we can’t produce some clarity…

U.S. versus EU: A Game Of Hot Potato…To The Death?

The theatrical seesaw between the U.S. and Europe is not only becoming obvious to the most narrow of economic analysts, it is also becoming kind of boring. The entire ordeal has been subversively exploited as a false example of systemic “contagion”, and with purpose; global banks need to convince average Americans and average Europeans that destabilization in one portion of the world will automatically lead to destabilization everywhere. This concept is true only so far as forced globalization and centralization have made it true. That said, the charade has been somewhat effective in conditioning the populace with ideas of collectivist survival. In other words, we are being trained to take fiscal responsibility for countries outside of our sovereign national boundaries as if we are morally tied to every penny they have or do not have (global socialism/feudalism - here we come!). This process is culminating in worldwide harmonization through fear as well as guilt.

What we are witnessing is NOT contagion. Instead, we are seeing multiple and mostly separate collapses activated simultaneously. Each nation suffering dire straights in Europe is doing so because of its own particular financial problems, not the problems of other countries nearby, and certainly not those of countries on the other side of the world. Contagion arguments are only applicable to those economies overly dependent on exports, yet, China has already shown (at least in the case of the U.S.) that such dangers can be controlled by minimizing exposure to the poisoned portions of the system and reverting to more internalized wealth creation.

Treasury Secretary Timothy Geithner and the heads of World Bank and IMF have perpetuated the lie of contagion between the U.S. and the EU primarily to service the progress of globalization, but also to hide the inflationary effects of dollar devaluation. While the greatest threats are stacked squarely against America’s economy and the dollar, somehow we have been led to focus on the comparatively less explosive drama in the EU. U.S. dollars, as well as Chinese funds, are flooding into Europe to support the region, while investment in the U.S. and its debt weakens and disappears. In the meantime, a weaker Euro makes the dollar look more attractive (at least on paper), but in reality, both currencies are on the path to bloody hari-kari.

How much longer can this game of hot potato go on? Again, China decides. Eventually, China is going to have to choose which currency to support; the dollar or the euro. Supporting both is simply not an option, especially when the chance of collapse in both currencies is so high. So far, the most logical path has been the euro. While the EU may suffer an astonishing breakdown, we must take into account that our own Treasury and central bank have seen fit to throw trillions of dollars into propping up Europe (with even more on the way):

http://www.reuters.com/article/2011/09/15/us-eurozone-idUSTRE78B24R20110915

With so much inflation and devaluation being thrust upon the dollar in the name of saving the EU, China’s move towards a stronger economic relationship with Europe at the expense of the U.S. is a no-brainer:

http://www.bloomberg.com/news/2011-09-14/china-willing-to-buy-bonds-from-sovereign-debt-crisis-nations-zhang-says.html

If I were to place a bet on who would come out of the crisis less damaged, my money would be on the EU, everyone else’s money certainly seems to be…

China Discreetly Moving To Dump U.S. Debt

China has been tip-toeing towards this for years, and has openly admitted on numerous occasions that they plan to institute a break from U.S. debt and the dollar in due course. Anyone who continues to argue that a Chinese decoupling from America’s economy is impossible at this point is truly beyond hope. Though increasingly more rare, news on China’s push to drop the U.S. still leaks out. Recently, a top advisor to China’s central bank let slip that a plan is in place to begin “liquidating” (yes, they said liquidate) their U.S. Treasury bonds as soon as possible, and reposition national investments into more physical assets:

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100011987/china-to-liquidate-us-treasuries-not-dollars/

But let’s step back for a moment and pretend China hasn’t told us exactly what it is going to do time and time again. Instead, let’s look at the fundamentals.

The primary concern in China right now is inflation. Because China does not yet have the ability to export its fiat to other markets the way the U.S. does, its own liquidity injections in the face of the credit crisis have led to severe price increases. In August alone, overall inflation was rated at 6.2% (always double government produced numbers to get true inflation). Food prices jumped 13.4%, while meat and poultry jumped 29.3%. Because these numbers are around 1% lower than in previous months, the Chinese government has prematurely proclaimed a “cooling period”:

http://www.telegraph.co.uk/finance/china-business/8751482/China-inflation-cools-as-food-price-rises-slow.html

With harsh inflation continuing unabated, eventually, the Asian nation will be forced to enact abrupt policies. This will likely take the form of a strong Yuan valuation, or a “floating” of the Yuan. A sizable increase in the value of the Chinese currency is the ONLY way that the government will be able to combat rising prices. By increasing the buying power of its citizens, the government allows them to keep pace with rising prices, and eases the tension within the populace which could otherwise lead to civil unrest. For China to ensure that a floating of the Yuan will lead to a much higher value, their forex and treasury holdings will have to fall. Period.

A dumping of the dollar will give the Chinese room to breath, and this space will be needed very soon. The debt ceiling deal made by Congress in the aftermath of the credit downgrade left the rest of the world unimpressed. While the MSM tries to make us forget that this event ever occurred, most foreign investors have not. Markets are anxiously awaiting an announcement from the Fed for further liquidity injections. If this announcement is not made after meetings next week, then it will certainly be made before the end of the year. Ironically, the same quantitative easing that investors are clamoring for today is liable to become the final signal for China to cut its losses and separate from U.S. securities completely. China has been positioned for many months now to take such measures…

Lights Out…

Delusions of Chinese dependency on the U.S consumer still abound, and those who suggest a catastrophic dump of U.S. debt and dollars in the near term are liable to hear the same ignorant talking points we have heard all along:

“The Chinese are better off with us than without us…”

"China needs export dollars from the U.S. to survive…”

“China isn’t equipped to produce goods without U.S. technological savvy…”

"America could simply revert back to industry and production and teach the Chinese a lesson…”

“The U.S. could default on its debts to China and simply walk away…”

“The whole situation is China’s fault because of their artificial devaluation of the Yuan over the decades…”

And on and on it goes. Though I have deconstructed these arguments more instances than I can count in the past, I feel it my duty to at least quickly address them one more time:

U.S. consumption of all goods, not just Chinese goods, has fallen off a cliff since 2008 and is unlikely to recover anytime soon. China has done quite well despite this fall in exports considering the circumstances. With the institution of ASEAN, they barely need us at all.

China is well equipped to produce technological goods without U.S. help, and if Japan is inducted into ASEAN (as I believe they soon will be), they will be even more capable.

America will NOT be able to revert back to an industrial based economy before a dollar collapse escalates to fruition. It took decades to dismantle U.S. industry and ship it overseas. Reeducating a 70% service based society to function in an industrial system, not to mention resurrecting the factory infrastructure necessary to support the nation, would likely take decades to accomplish.

If the U.S. deliberately defaults on debt to China, the global reputation of the dollar would implode, and its world reserve status would be irrevocably lost. We won’t be teaching anyone a “lesson” then.

Yes, China currently manipulates its currency down, but then again, so does the U.S. though quantitative easing. Both sides are dirty. Taking sides in this farce is pure stupidity...

Now that all that has been cleared up (again), the primary point becomes rather direct; the reason it is difficult to predict an exact time frame for an American collapse is because all the pieces are in place to trigger an event right now! There are, of course, stress points within the system that set a time limit, even on global banks and China, but a full spectrum catastrophe is not only a concern for some distant future. Every element needed for the so called “perfect storm” is ever present and ready to ignite at a moments notice. The destructive potential coming from China alone is undeniable. Everyday that the spark is subdued should be treated as a gift, an extra 24 hours of education and preparation. This is how close we are to the edge. It is not for us to be alarmed, but to be ready, and ever aware.

Source

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Chinese Ballet at Kennedy Center Extols Violent Revolution

By Matthew Robertson

WASHINGTON—Audiences at the prestigious Kennedy Center are being asked to applaud a ballet that celebrates a movement that went on to murder hundreds of thousands.

The Chinese National Ballet is performing on Sept. 22-24 "The Red Detachment of Women," which glorifies the history of the communist land reform campaign in China, while concealing the reality of the violence that suffused it.

In 1931 Mao Zedong, head of the communist-controlled regions, signed off on a policy of land reform that would "Rely on the poor peasants and hired laborers, make allies of the middle-peasants, exploit the kulaks and exterminate the landlords."

What followed in the 1930s, 40s, and into the 50s, was mass violence directed at "class enemies": torture, arson, live burials, smashing and theft—a reign of terror designed to impose the political will of the Chinese Communist Party (CCP) on villages across the country. Hundreds of thousands were killed.

Acts I and II from "Red Detachment" performed at Kennedy precede a scene from "Swan Lake" and the Chinese nationalist favorite "Yellow River."

"They used this play to trick the Chinese people, and now they're tricking Americans," says Wu Fan, editor of China Affairs and co-author of an open letter that opposes the performance.

Read on at theepochtimes.com

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From Barbarism to Barbarism? Outrage and the Fight for Justice

by Cynthia McKinney

Global Research, September 22, 2011

After Georgia was forced by the United States Supreme Court to abandon its scheme to deny Black people the right to an undiluted vote and representation, Leroy Johnson became the first Black person elected to the Georgia State Senate since Reconstruction.

The year was 1962. During his tenure, Johnson used his considerable influence inside the body to become the Senate's Chair of the Judiciary Committee. From this position, he was able to bottle-up legislation that was bad for the State of Georgia, especially its Black residents. Outside and inside the State Senate, Leroy Johnson practiced the art of leadership and engaged in the fight for justice. He produced solid results for a people who were hungry for justice.

Who among our elected officials today exercises the art of leadership in an engaged struggle for justice? Sadly, the numbers are way too small. It is more expedient to exchange silence for merely "being there," in the end exercising no leadership at all and becoming a spectator to power in abandonment of those who need the effective use of power the most. The art of the struggle has veritably been abandoned for merely occupying a seat at the table when the purpose of the struggle for the seat at the table was to empower the struggle for justice. The only reason we send people to occupy that seat is to leverage the power of the community where power is exercised, on behalf of those who need it the most.

As I was commiserating over the Troy Davis situation with a former member of the Georgia Legislature who rose to the highest possible position within that body for his party, he lamented that for all of his years in the Legislature, he had not introduced a single death penalty bill. I quickly interjected that he was so busy putting out other fires and sticking his fingers in all the holes of the leaky dikes and schooling his colleagues on the effective use of the power of their elected positions that he couldn't do everything. It will be interesting to see what legislative actions his former colleagues will initiate in the face of this clear act of barbarism by my state.

Occupying these "seats at the table" is important. Engaging in the struggle for justice is important. And contrary to what many would have us believe, leadership is important. That's why so much effort is spent on co-opting or marginalizing the leaders of conscience that we do have and preventing authentic representatives of our values to occupy those seats at the table.

Therefore, more is required of us. We must hone the skill of discernment. We must not give our vote to just anybody to occupy these positions of power. We must not allow "posers" to represent us. Posers are those who wear the jackets of authority, who are put in positions of power by us, but who do not engage in the artful use of that power on our behalf. Discerning who is friend and who is poser has been difficult. But, is being made more possible by the arrogance now of those who do not have the interests of the people at heart. They seem not to care that their "neanderthal" is showing. But we can look at them and clearly see that they ain't us. Their actions are a clue that they do not share our values.

Unfortunately, posers exist all around us: and in the media, too. The job now of people of conscience is to make sure that we don't enable these posers by our own supportive behavior. My friend reminded me that Leroy Johnson, alone in the Georgia State Senate, was more powerful in the 1960s than are the 55 Black members of the Georgia Legislature now. We need to stop and think about that.

More is less? What role have we all had to play in such a circumstance? Is our leadership more of a reflection of who we are than we have acknowledged? What can we do differently in order to get a better result?

Abu Ghraib has its antecedents right here in the United States. The violence sponsored by the United States abroad has its origins inside the United States. As the United States and NATO drop bombs on unsubmitting African people in Libya, the United States kills an innocent Black man in Georgia. There is more to come unless we affirmatively take steps to stop it. Republican voters cheered at the prospects of more executions at a recent Presidential debate. In a recent article, Africom brags on its lessons learned from Libya:

"The command had to define what effects it needed, and what specific targets would contribute to achieving those effects – a precise endeavor, Ham said. If attacking a communications node, planners must ask themselves what does that particular node do? How does it connect to other nodes? What’s the right munition to use? What’s the likelihood of collateral damage? What’s the right time of day to hit it? What’s the right delivery platform? And finally, how to synchronize attacks." http://www.defense.gov/news/newsarticle.aspx?id=65344

“That level of detail and precision … was not something the command had practiced to the degree that we were required to do in Odyssey Dawn,” Ham said. . . . If we were to launch a humanitarian operation, how do we do so effectively with air traffic control, airfield management, those kind of activities?” he said.

The United States has to craft those practices with African partners, he added.

U.S. allies in Libya are as barbaric as their sponsors. Despite youtube's efforts to dissuade it from being seen, please watch this video sent to me from France:
http://www.youtube.com/watch?v=00LBdf1uy2E&feature=player_embedded&skipcontrinter=1

As committed Libyans valiantly resist the entire NATO arsenal of modern and old-fashioned killfare, a new kind of perverse global plantation is being created. There is a clear and present danger that Africa and Asia will become U.S. killing fields for the next decade or more while the United States, itself, becomes a police state--unless we stop this poser leadership that really stopped representing us a long time ago. If we fail to stop them, watch that video again--and welcome to the new America, hauntingly familiar to a place we never left.

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Kudos Mr. Abbas

September 23, 2011

Source- desertpeace.wordpress.com

By Mazin Qumsiyeh, PhD

Mahmoud Abbas gave a brilliant speech at the United Nations, getting rounds of applause from most of the representatives. I think it demonstrated clearly and unambiguously that the Palestinian leadership has been “unreasonably reasonable” and has instead seen the hopes of peace and of millions of Palestinians suffering for 63 years dashed on the rock of Israeli expansionist, colonial, and apartheid policies. He explained that Israel has been taking one unilateral action after another each resulting in more pain and suffering for our people. Going to the UN, he explained is putting things back where the problems started (he did not use the last two words but I do). He said a word that I think he should defend strongly that no person or country with an iota of logic or conscience should reject the Palestinian state membership in the UN or its formation in the 22% of historic Palestine that is the West Bank and Gaza. I think he took a courageous step and gave a good performance. Now we here on the ground in Palestine hope and will push for additional follow-up steps. From our own perspective, three things are critical:
1) That he and his administration now implement quickly the reconciliation agreement signed by all Palestinian factions most notably the one about creating a representative Palestinian National Council. In his speech he said he hopes this will be done in a few weeks. We hope this will be done quickly and not any longer than four weeks.

2) That he and his administration act quickly and decisively to really promote popular unarmed resistance throughout Palestine and among Palestinians in exile. In forming a new government, the ministry that is now in charge of walls and settlements should be either a) dismantled or b) reconfigured. A new strategy to encourage real nonviolent resistance must be adopted. We must end the practice of holding a few demonstrative actions that do not disturb the occupation and that are used to enrich a few people. We must instead allow the kind of popular resistance that have been effective from our history (see my book that details challenges and opportunities learned from this history and available in Arabic and English). He also said he will pursue this.

3) The Palestinian people are waiting to see clear evidence of change; a new Palestinian Spring as Mr. Abbas called it. This requires seeing visibly what Mr. Abbas talked about: transparency, accountability, democracy, and freedom.
There were those who worried that going to the UN will raise the expectations of the Palestinian people who then may turn to despair and more if they do not see a change on the ground. I say a) it is great to raise the expectations, and b) we, the Palestinian people will never turn to despair but we will revolt if we do not see real changes and stronger steps. I share Abu Mazen’s hope that the international community steps up to the plate. But I also hope that we all go back to our people and take those steps that will ensure our freedom.
I also listened to Netanyahu’s speech and was just amazed at how many lies can be packed in one speech. It is not even worth detailing except to refer you to this link: http://www.qumsiyeh.org/liesandtruths/
In this occasion, it might be worth comparing Israel and the Palestinians.
Israel                                                                    Palestinians
Population—————-5.5 million Jewish———11 million (7 million refugees or displaced)
Land controlled ———-91.7%———————-8.3% of historic Palestine
Nature——————–Occupier/colonizer——Occupied people
Military Personnel——Regular 175,000———–None
—————————-Reserves, 500,000
Irregulars—————-10-50,000——————3-5,000
—————————Armed settlers————Armed underground forces
Police/other security— 30,000——————–50,000
Tanks———————-3,800———————-0
Artillery——————-1500 large—————-0
Submarines—————6 ————————-0
Warships—————–20-30———————0
Combat airplanes——-2000———————-0
Nuclear Weopons——>300———————-0
GDP———————-$195 billion————–$4 billion
Military expenditure—$10 billion—————Negligible (security services)
Casuaties (63 years)—-6000 killed————-75,000 killed
—————————-20,000 injured———300,000 injured
Abducted/jailed———-30———————400,000
Homes demolished——-0———————-50,000
Refugees created———0———————->6 million people
Mr. President, we don’t want a shortcut, we want our freedom by Abir Kopty
http://mondoweiss.net/2011/09/mr-president-we-dont-want-a-shortcut-we-want-our-freedom.html

Palestinians on statehood: ‘We want action, not votes at the UN’
Villagers who have often been at the sharp end of Palestinian-Israeli relations are sceptical about the UN route
http://www.guardian.co.uk/world/2011/sep/14/palestinian-statehood-action-un

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U.S. to build new massive prison in Bagram

Sep 19, 2011

By Glenn Greenwald

As the Obama administration announced plans for hundreds of billions of dollars more in domestic budget cuts, it late last week solicited bids for the construction of a massive new prison in Bagram, Afghanistan.  Posted on the aptly named FedBizOps.Gov website which it uses to announce new privatized spending projects, the administration unveiled plans for "the construction of Detention Facility in Parwan (DFIP), Bagram, Afghanistan" which includes "detainee housing capability for approximately 2000 detainees."  It will also feature "guard towers, administrative facility and Vehicle/Personnel Access Control Gates, security surveillance and restricted access systems."  The announcement provided: "the estimated cost of the project is between $25,000,000 to $100,000,000."

In the U.S., prisons are so wildly overcrowded that courts are ordering them to release inmates en masse because conditions are so inhumane as to be unconstitutional (today, the FBI documented that a drug arrest occurs in the U.S. once every 19 seconds, but as everyone knows, only insane extremists and frivolous potheads advocate an end to that war).  In the U.S., budgetary constraints are so severe that entire grades are being eliminated, the use of street lights restricted, and the most basic services abolished for the nation's neediest.  But the U.S. proposes to spend up to $100 million on a sprawling new prison in Afghanistan.

Budgetary madness to the side, this is going to be yet another addition to what Human Rights First recently documented is the oppressive, due-process-free prison regime the U.S. continues to maintain around the world:

Read on at salon.com

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Pakistan: 52 Drone Strikes Kill 463 So Far This Year

Xinhua News Agency
September 24, 2011

8 killed in U.S. drone strike in Pakistan

ISLAMABAD: At least eight suspected militants were killed when two missiles were fired by U.S. drones in Pakistan's northwest tribal area of North Waziristan on Friday night, reported the local Urdu TV channel WAQT.

According to local media reports, the strike took place at about 9:30 p.m. local time in the Mir Ali area of Miranshah, the main town in North Waziristan, one of the seven tribal areas in northwest Pakistan, which borders Afghanistan.

....

Friday's U.S. drone strike is the 52nd of its kind (counted on daily basis) in Pakistan in 2011. To date, a total of 463 people...have reportedly been killed in such strikes since this year.

The strike came shortly after the Pakistani leadership including the prime minister and Army chief expressed on Friday discontent with the recent remarks made by a top U.S. military official's accusation that Pakistan's secret agency ISI is supporting the al-Qaida-linked Haqqani network in Afghanistan.

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U.S. To Deploy Predator Drones In Turkey: Prime Minister

Link

Azeri Press Agency

September 24, 2011

Turkey: US likely to deploy Predator drones

Baku: The U.S. will likely deploy some Predator drones on Turkish soil, the Turkish prime minister said Friday. Turkey has been pressing for the drones in an escalating war against Kurdish rebels, APA reports quoting AP.

The U.S. shares drone surveillance data from northern Iraq with Ankara to aid its fight against Kurdish rebels who have bases in Iraq. The two countries have been negotiating the possible deployment of Predator drones after the U.S. leaves Iraq.

Prime Minister Recep Tayyip Erdogan said Friday the two allies have agreed "in principle" over the deployment of the drones in Turkey, the state-run Anatolia news agency said.

Turkey has offered to purchase or lease the drones, Erdogan said.

"Our negotiations will continue," Anatolia quoted Erdogan as saying. "The developments are moving toward an agreement."

Turkey is operating Israeli-made Heron drones against the Kurdish rebels who have been fighting for autonomy in Turkey’s mainly Kurdish southeast since 1984. They have stepped up attacks on security forces in recent months, who have retaliated with airstrikes in the rebels’ suspected bases in northern Iraq.

...

In a nationwide crackdown on alleged Kurdish rebel sympathizers, police on Friday detained the mayors of the towns of Sirnak, Silopi and Idil in the Kurdish-dominated southeast, increasing the number of Kurdish suspects captured so far this week to more than 80, NTV television reported.

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9-11 Cop Breaks Silence

September 23, 2011

The New Jersey police officer responsible for capturing five Israelis who filmed and celebrated while the World Trade Center towers burned has broken his silence, agreeing to a Sept. 16 exclusive interview with AMERICAN FREE PRESS.

As AFP readers are no doubt aware, these are the same Israelis who were working under the direction of Urban Moving Systems, a Mossad front company at the center of Israeli involvement in the Sept. 11 attacks.

Sgt. Scott DeCarlo has never spoken to the media about the details of that day except for two 30-second cameo appearances in Internet videos from undetermined sources. In fact, DeCarlo confirmed that this is the first, and last, interview he will ever grant in regard to this subject.

Read on at americanfreepress.net

Also see - Israel Positions Nuclear Subs Off Iran Unlike Iran, Israel is not a signatory to the Nuclear Non-Proliferation Treaty and has illicitly pursued a weapons program that, by some estimates, has put more than 600 nuclear-tipped warheads at its disposal.

Read on here

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A Victory for the Libyan People?

The Top Ten Myths in the War Against Libya

by MAXIMILIAN C. FORTE

August 31, 2011

Since Colonel Gaddafi has lost his military hold in the war against NATO and the insurgents/rebels/new regime, numerous talking heads have taken to celebrating this war as a “success”. They believe this is a “victory of the Libyan people” and that we should all be celebrating. Others proclaim victory for the “responsibility to protect,” for “humanitarian interventionism,” and condemn the “anti-imperialist left”. Some of those who claim to be “revolutionaries,” or believe they support the “Arab revolution,” somehow find it possible to sideline NATO’s role in the war, instead extolling the democratic virtues of the insurgents, glorifying their martyrdom, and magnifying their role until everything else is pushed from view. I wish to dissent from this circle of acclamation, and remind readers of the role of ideologically-motivated fabrications of “truth” that were used to justify, enable, enhance, and motivate the war against Libya—and to emphasize how damaging the practical effects of those myths have been to Libyans, and to all those who favoured peaceful, non-militarist solutions.

These top ten myths are some of the most repeated claims, by the insurgents, and/or by NATO, European leaders, the Obama administration, the mainstream media, and even the so-called “International Criminal Court”—the main actors speaking in the war against Libya. In turn, we look at some of the reasons why these claims are better seen as imperial folklore, as the myths that supported the broadest of all myths—that this war is a “humanitarian intervention,” one designed to “protect civilians”. Again, the importance of these myths lies in their wide reproduction, with little question, and to deadly effect. In addition, they threaten to severely distort the ideals of human rights and their future invocation, as well aiding in the continued militarization of Western culture and society.

Read the top ten myths here

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35 Reasons to Question 9/11

(Absolutely an awesome Job by James Corbett; a must listen to audio and worthy of 3 hours!!!)

Those who believe that they have been told the truth about 9/11 often believe so because of their ignorance of of the official story. The establishment and the media love to portray the government’s version of 9/11 as a coherent, monolithic and universally accepted body of documented facts, but nothing could be further from the truth. The information that contradicts the official story is sometimes contradictory and often convoluted, but we will never arrive at the truth and achieve justice for the victims of 9/11 if we don’t begin the process of asking the tough questions about the official story…and demanding answers.

In this special documentary edition of The Corbett Report, we present 35 points of dispute with the “official” version of 9/11 for your consideration.

Click here

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9/11/01: WTC Hard Drives Show $100 Million In Criminal Credit Transfers Before Towers Fell

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The Antikythera Mechanism - 2D

(Thanks to Terry for sharing this with us!)

More than 21 centuries ago, a mechanism of fabulous ingenuity was created in Greece, a device capable of indicating exactly how the sky would look for decades to come -- the position of the moon and sun, lunar phases and even eclipses. But this incredible invention would be drowned in the sea and its secret forgotten for two thousand years.

This video is a tribute from Swiss clock-maker Hublot and film-maker Philippe Nicolet to this device, known as the Antikythera Mechanism, or the world's "first computer". The fragments of the Mechanism were discovered in 1901 by sponge divers near the island of Antikythera. It is kept since then at the National Archaeological Museum in Athens, Greece.

For more than a century, researchers were trying to understand its functions. Since 2005, a pluridisciplinary research team, the "Antikythera Mechanism Research Project", is studying the Mechanism with the latest high tech available.

The results of this ongoing research has enabled the construction of many models. Amongst them, the unique mechanism of a watch, designed by Hublot as a tribute to the Mechanism, is incorporating the known functions of this mysterious and fascinating ancient Mechanism.

A model of the Antikythera Mechanism, built by the Aristotle University in Greece, together with the mechanism of the watch and this film in 3D are featuring in an exhibition about the Mechanism that is taking place in Paris, at the Musée des Arts et Métiers.

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