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Posts Tagged ‘America’

Assange Heads Time Magazine’s “Person Of The Year” Award – And a Call To Nobel Peace Prize Nominators.

December 8th, 2010 No comments

http://www.time.com/time/specials/packages/article/0,28804,2028734_2028733,00.html

Go there to vote for Julian Assange – in court today he was denied his freedom despite such luminaries as Ken Loach, John Pilger and Jemima Khan standing bail of £20,000 each.

Justice must be done here.

Those who are in a position to nominate candidates for the Nobel Peace Prize need to ask themselves if they want to live in a world where, as Congressman Dr Ron Paul so eloquently said, “If telling you the truth makes you a traitor we’re in big trouble”?

Assange deserves Time Magazine Award and the Nobel Peace Prize this year – the whistle blower systems he has in place will make Government around the world, corporations and others accountable to the press. Behind all the rhetoric this is the real reason Assange sits in gaol tonight.

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Bloggers, Wikileaks, Assange: and Bad Journalism.

December 5th, 2010 No comments

Bloggers are oft accused of bad journalism. It’s true in many cases. Bloggers do not have access to the databases, resources and sources that traditional journalists command. Nor do they have the training and professionalism. However, the wikileaks/Assange scandal is creating a very widespread picture of bad journalism in some of the most renowned journals worldwide.

Numerous prestige publications continue to state that Asssange is wanted in Sweden on charges of rape. This is completely untrue. He is sought on charges of not using a condom. One of the women concerned “twittered” about her wonderful night with him – before comparing notes with the other accuser, trying to remove the record of her tweets then going to police to enquire. The first arrest warrant for rape was struck down immediately and many legal sources in Sweden have decried the treatment of Assange.

Many of these same publications accuse him of putting lives in danger by carelessly releasing 270,000 cables to the internet. Untrue. The cables are being redacted to remove such information by the five major News organisations Wikileaks is working with. As of yesterday 871 cables were in the public domain.

The truth is that Wikileaks last major release proved that the USA had been committing war crimes in Iraq recklessly. Over 100,000 civilians dead. Not a single death anywhere can be or has been traced to any of Wikileaks leaks. Ever.

The fact is that the USA is highly embarrassed by these leaks and so it should be: they contain highly embarrassing material. More embarrassing still is the unconstitutional and undemocratic pressure exerted through Corporate America via enterprises such as Amazon and Paypal to try and “hit them where it hurts”.

The only thing that will lead to the full 270,000 cables being released to the wild is if the USA and it’s allies maintain their current stance in the face of undeniable truth. Hillary Clinton ordered illegal spying on senior UN figures. US politicians, broadcasters and other idiots are calling for Assange to be killed. These are criminal acts.

Publishing leaked documents is not as many US legal commentators have maintained.

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Why Industry And Banks Should Not Get Bailouts.

December 20th, 2008 No comments

An interesting round table discussion where Peter Schiff, President of Euro-Pacific Capital, explains exactly why the bailouts are a mistake: They save unsuccessful firms and uneconomical jobs at the cost of successful firms and economical jobs:

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Bye Bye My American Pie: You Didn’t Taste Too Good Anyway.

December 20th, 2008 No comments

This video gives good insight into why the dollar will collapse:

I explained here in 2004 why this would happen, and again here in 2007, as well as more recent articles here and here this year.

Fundamentally the US dollar as the worlds reserve currency is on it’s way out because it has been devalued yet artificially propped up to an extent where it is creating unbearable global financial tensions. These can not be undone unless the rest of the world is prepared to continue to pay for America’s corporate and Government colonialism, false economic and social values – and their unpopular warmongering.

It turns out that the rest of the world is going to turn around and sticks two financial fingers in the direction of the USA. Asian economies have started the trend to de-pegging currencies from the dollar. There is a big push in this direction in the middle East too. If Europe does not follow suit soon we will be the losers whilst those who decouple from the US will win.

The US treasury has virtually given the GCC governments the go-ahead to dump the dollar and track a basket of currencies.

Most central banks do not want this to happen. They fear the devaluation of their dollar denominated “investments” (read worthless pieces of paper or numbers in a computer). They are afraid of global financial collapse.

Bad luck guys. We are in a global financial collapse, it has been a long time coming and the rest of the world is waking up to the fact that it is not just the American currency, but the American social, political and economic model we must de-couple from. The dollar investments ARE worthless – the US has no chance of ever paying it’s debts. It is bankrupt.

What are they going to do? Print more dollars to pay the debt? They can not – every time they print a dollar at the federal reserve it creates a one dollar debt at the treasury. You can’t print your way out of too much printed money.

So we have to de-couple from the USA. If we do not do so we will get dragged down the pan with them. The UK, being lead by some of the most profoundly ignorant people having been educated in outdated institutions, places great and unearned trust in America. We are less likely to decouple from America than other countries – not least because the US security apparatus have a lot of very messy information on our politicians, bigwigs, royal family and such they have gathered over many years.

The UK pound is taking a bashing because we are perceived to be one of the most stupid countries in the world in that we are least likely and will be the latest acting in decoupling ourselves from the US model. The last out will be the worst affected.

My advice to Gordon Brown: Tell Obama that he needs to impeach and imprison the former presidents Bush I, Bush II (AKA limited functionality version), and vice president Cheney. It is essential they are in solitary for the second stage to work and he can use his powers as President to name them as “Enemy Combatants”, giving him the power to imprison them in solitary for three years.

Then he must nationalise the Federal Reserve or the bankers will just pull the rug from under him.

Next start a real investigation into 9/11 – in the knowledge that the FBI, FEMA, CIA, NSA and other security apparatus of the US Government, though nominally under his watch will still be controlled by agents of the Bush family, and can thus not be trusted at all. Promote all US defence staff and security staff to whistle-blow and provide a means for them to do so and security measures for them.

Then the truth might come out as to why a cabal of the oil rich, bankers and politicians ordered the 9/11 attacks, preparing the US people for the removal of their civil rights – to which they have happily succumbed – on the whole.

It might be messy but it is better to have an honest mess than a dishonest mess. At least you know what you are dealing with. As long as we play the “Ostrich game” we may as well have our heads buried in the shape-shifting quick-sand that is “US Government policy”.

Axel Merk talking on Bloomberg about the fall of the US Dollar and de-pegging of currencies:

So why is it ABSOLUTELY IMPERATIVE we must decouple politically and economically as soon as possible from the USA? Simply put: the American social and economic model has lead to the most greedy and selfish nation in the world (the US uses 30% of world resources and has 6% of the world population), the most aggressive nation in the world (US Aircraft carriers displace more water than the rest of the world’s combined), and the most politically corrupted system anywhere in the world (in the last seven years the Bush administration has rewritten and nullified the US constitution through back door get out clauses).

This selfish, greedy, aggressive and corrupt nation will pull us down with it – in an attempt to save themselves – at our cost. It is already happening. Foreign central banks have pumped billions of US$ into the system to see them disappear into black smoke. Now there have already been complaints that US commercial banks are using the bail-out money to create asset backed debt instruments packed with crap loans expressly to sell to foreign central banks. This is a direct attempt to export more American ignorance in the form of packaged loans. Luckily the Central banks are onto this already.

If they put one cent into these “assets” they are adding to your personal debt. Wherever you are in Europe your Government has made you personally indebted to the tune of tens of thousands of dollars this year alone – irrespective of your own financial thrift, you are now a debtor. Let’s not let this situation continue one day longer.

Instead let’s face the music and dance: It is time for the US dollar to fall. It is time for the US people to consume much less. It is time for the small cabal of international bankers and politicians that have deliberately manipulated and created this situation – in order to profit from it – to be placed behind bars whilst we unravel the unholy mess they have tried to drop on our doorsteps.

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Bank Rescues: Capitalism Fails, Depression Coming.

October 15th, 2008 No comments

On July 26th 2007 I predicted the current state of global markets in this post.

There is a false idea in the market now that the worst may be over but I promise you it has just begun. The long term support levels for the Dow Jones Industrial Average are in the range of 2,500 – 4,500 points. We are very likely to see the Dow Jones under 7,500 by Christmas – if not under 5,000. This may happen much more quickly than that – the ostriches have mostly lifted their heads from under the stand and are looking around them wondering what to do. Most seem to quickly turn into lemmings and jump off the cliff when they take in the landscape.

Every time the market rises a little the sellers will arrive.

The problems with the economy are structural, deep-rooted and will not be solved by each country nationalising it’s banking industry or part thereof. Though this surely marks Capitalisms’ greatest failure point yet it merely delays the inevitable in terms of economic downturn by a matter of days or weeks.

The current state of the markets recognises that – the gains made since the weekend are quickly being lost as wise investors are continuing to sell, whilst the sheep who think “it can’t get worse” pour good money after bad into the dying markets.

There will be significant global economic hardship over the coming two years.

Equities are still significantly overpriced in major markets, asset values having divorced from reality in 1992 or thereabouts and having never returned to an appropriate level.

What is an appropriate level? An ordinary family needs to be able to buy an ordinary house without being mortgaged to an impossible level. On this basis the UK and US housing markets are something like 50% overpriced.

The equity markets are going to yoyo for a while – but do not be in doubt – the trend will be strongly downwards, and for some time to come.

Super-Bank-Bail-Out-Rescue-Man will not do the job.

Super Bank Bail Out Man

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