Archive for January, 2009
Posted by seumasach on January 23, 2009
January 22, 2009 (LPAC) –-On orders from President Fernando Lugo, combined forces of Paraguay’s National Police, Army, and other law-enforcement agencies are doing a sweep of the northern states of San Pedro and Concepcion, severely hindering normally extensive drug cartel operations, while tracking down the murky drug cartel-linked “Popular People’s Army” (EPP). On Dec. 31, the EPP appeared out of nowhere to attack a military outpost in the region, fraudulently claiming to defend the local peasantry.
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Posted in Uncategorized | Tagged: CIA/MI5 drug dealers | Leave a Comment »
Posted by seumasach on January 23, 2009
John Hoefle
EIR
Jan. 16—The sudden bailout of Bank of America today, and the renewed talk of the need to buy hundreds of billions of dollars of bad assets from the banks, shows that the bailout process is entering a desperate and dangerous new phase. All the official verbiage aside, the bailout shows that not just Bank of America, but the banking system itself, is bankrupt, despite the trillions of dollars our government has thrown down the bailout rathole.
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Posted in Financial crisis | Tagged: stop the bailout | Leave a Comment »
Posted by seumasach on January 23, 2009
FT
22nd January, 2009
Iceland’s embattled prime minister resigned on Friday citing medical reasons and called an early election for May, a move that could prompt a dramatic shift to the left after a 20-year experiment in free market economics.
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Posted in Financial crisis | Tagged: bankrupt iceland | Leave a Comment »
Posted by seumasach on January 23, 2009
Jan. 23 (Bloomberg) — Bolivian President Evo Moralessigned a decree today nationalizing BP Plc-controlledEmpresa Petrolera Chaco SA “in its entirety,” according to remarks he made today that were broadcast on Bolivian state television.
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Posted in Multipolar world | Tagged: Bolivarian Revolution | Leave a Comment »
Posted by seumasach on January 23, 2009
This also opens the way for war crimes charges to be made against the US and the UK who have been using depleted uranium in Iraq
PressTV
22nd January, 2009
There is more than enough evidence that Israel committed war crimes in its three week-long offensive into Gaza, says a UN investigator.
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Posted in Palestine | Tagged: Gaza, Palestine | Leave a Comment »
Posted by smeddum on January 23, 2009
Part II: Counterpoints
Editor’s Note: This is the second part of a two-part analysis of the specter of deflation. Part I can be seen here.
In Part I of this series, I explained why a protracted “deflationary spiral” was an unlikely outcome based on the government’s desperation to prevent deflation from taking hold combined with its ability to create a limitless amount of money from nothing. Below, I address the various arguments that are often made by those who think a deflationary spiral is inevitable. Read the rest of this entry »
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Posted by smeddum on January 23, 2009
January 22, 2009 Seeking Alpha
From Wiki: The phrase “crossing the Rubicon” has survived to refer to any people committing themselves irrevocably to a risky and revolutionary course of action
. In the annals of circular finance, nothing compares to the spectacle of a government’s central bank printing large amounts of host currency and then loaning it to the host government’s treasury so that that government can pay its bills. Yet that is the path, according to several recent media reports, that the US Federal Reserve Bank is about to embark upon. The Fed has already announced its intention of directly buying GSE debt. Since the GSEs were effectively nationalized this is the same as buying Treasuries; GSE debt and Treasuries are both now direct obligations of the US Government. But this announcement either was not widely recognized by the markets for what it was, or it was ineffective for other reasons. Ben had to come to market with the next step in his program. Read the rest of this entry »
Posted in Financial crisis | Tagged: hyperinflation | Leave a Comment »
Posted by seumasach on January 22, 2009
F. William Engdahl
Global Research
22nd January, 2009
During the end of the 1970’s into the 1980’s British Conservative Prime Minister Margaret Thatcher and the City of London financial interests who backed her, introduced wholesale measures of privatization, state budget cuts, moves against labor and deregulation of the financial markets. She did so in parallel with similar moves in the USA initiated by advisers around President Ronald Reagan. The claim was that hard medicine was needed to curb inflation and that the bloated state bureaucracy was a central problem. For almost three decades, Anglo-American university economic faculties have turned to Thatcherite deregulation of financial markets as ‘the efficient way,’ in the process, undoing many of the hard-fought gains secured for personal social security, public health care and pension security of the population. Now the ‘poster child’ economy of the Thatcher Revolution, Great Britain, is sinking like the proverbial Titanic, a testimony to the incompetence of what is generally called Neo-liberalism or free market ideology.
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Posted in Financial crisis | Tagged: bankrupt Britain, death agony of thatcherism | 1 Comment »
Posted by seumasach on January 22, 2009
| Mercopress
22nd January, 2009
Bolivians are expected to approve a new constitution on Sunday that the first indigenous president of the country Evo Morales hopes will transform the life of millions of his fellow citizens by giving them more power.
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Posted in Multipolar world, Rights of indigenous peoples | Tagged: Bolivarian Revolution, bolivia, Rights of indigenous peoples | Leave a Comment »
Posted by seumasach on January 22, 2009
Mousa Abu Marzook
What’s Left
22nd January
Israel’s objectives from the war on Gaza were set long before its launch: to remove the Hamas movement and government, achieve the reinstallation of the Fatah leader, Mahmoud Abbas, in Gaza, and end the armed resistance. Two other objectives were not announced. First, restore the Israeli public’s wavering confidence in its armed forces after its defeat by Hezbollah in 2006. Second, boost the coalition government in the coming elections.
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Posted by seumasach on January 22, 2009
Iceland Review
22nd January, 2009
Two police officers are seriously injured after being hit with flagstones during a struggle with protestors on Austurvöllur parliament square in Reykjavík last night. Police resorted to the use of tear gas bombs—the first time such a tactic has been used since the protests in 1949.
From the protests on Tuesday. Photo by Páll Stefánsson.
Protestors fled the scene and one protestor was taken to the emergency room because of the gas. After the smoke cleared, people returned to the square, some stoning police, who again resorted to tear gas, Morgunbladid reports.
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Posted in Financial crisis | Tagged: Iceland, iceland protests | Leave a Comment »
In These New Times 
