Author Archive
Posted by seumasach on February 23, 2009
“The bottom line is that we cannot borrow our way out of debt. Only new money will stimulate a debt-ridden economy – money that is interest-free and does not have to be paid back.”
The Gordon Brown approach is to increase debt in order to revive the economy. Ellen Brown’s approach is to create new money as a stimulus to productive investment and basic consumption of necessities. This maybe something similar to
the Chinese approach. According to Ellen Brown the problem lies not with quantitative easing itself but the fact that the money is being channeled towards the financiers. However, it remains irreconcilable with the dollar’s role as a reserve currency.
Ellen Brown
21st February, 2009
“Diseases desperate grown are by desperate appliances relieved, or not at all.” – Shakespeare, “Hamlet”
Moody’s credit rating agency is warning that the U.S. government’s AAA credit rating is at risk, because it has taken on so much debt that there are few creditors left to underwrite it. Foreigners have bought as much as two-thirds of U.S. debt in recent years, but they could be doing much less purchasing of U.S. Treasury securities in the future, not so much out of a desire to chastise America as simply because they won’t have the funds to do it. Oil prices have fallen off a cliff and the U.S. purchase of foreign exports has dried up, slashing the surpluses that those countries previously recycled back into U.S. Treasuries. And domestic buyers of securities, to the extent that they can be found, will no doubt demand substantially higher returns than the rock-bottom interest rates at which Treasuries are available now.1
Read the rest of this entry »
Posted in Financial crisis | Tagged: economic collapse | Leave a Comment »
Posted by seumasach on February 23, 2009
by Milt Bowling
Scribd.com
Electromagnetic fields (EMFs) are the essence of life—enabling and activating our genes to make us different from other animals. We are, after all, almost identical to chimpanzees when it comes to 98.8 percent of our genes. The reason we are very different from chimpanzees is, in large part, because of the evolutionarily programmed influence of EMFs.
Read the rest of this entry »
Posted in Ecological and Public Health Crisis | Tagged: EM radiation health hazard, wi-fi health | 1 Comment »
Posted by seumasach on February 23, 2009
About a thousand protesters have flocked to the streets of the Ukrainian city of Sevastopol, to rally against the government’s handling of the economy.
They called for the government’s resignation and new and fair elections.
“President Yushchenko, the government of Tymoshenko and the parliamentary majority consisting of oligarchs and NATO henchmen, who have shown that they are unable to get the country out of the crisis,”read a resolution of the rally participants. “Ukraine needs a total change of power, otherwise it will face famine, ruin and death.”
Many protesters headed to the city from other towns in Crimea to rally against growing unemployment and spiralling living costs.
Posted in Battle for Europe | Tagged: anti-NATO protests ukraine, Battle for Europe | Leave a Comment »
Posted by seumasach on February 23, 2009
Iceland Weather Report
23rd February, 2009
“Another day, another scandal,” someone wrote in the comments the other day – and ain’t it the truth. A day hardly passes around here with some dirty deed being dredged up from the cesspool that is Iceland’s economic collapse.
Read the rest of this entry »
Posted in Revolution in Iceland | Tagged: failing banks, financial collapse, financial fraud, Revolution in Iceland | Leave a Comment »
Posted by seumasach on February 22, 2009
José Miguel Alonso Trabanco
Global Research
21st February
The financial and economic turmoil the world is currently experiencing will certainly have many serious consequences beyond those fields. Indeed, its geopolitical fallout could be far more serious than commonly acknowledged and it is an element that cannot be neglected by neither statesmen nor analysts.
Read the rest of this entry »
Posted in Multipolar world | Tagged: Geopolitics | 1 Comment »
Posted by seumasach on February 22, 2009
This video is not to be missed. The collapse of the commercial real estate guarantees the next phase of the financial implosion. The upside is plenty of downtown living space for homeless Americans.
Yahoo
19th February, 2009
About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it’s clear there’s too much retail space. Just visit Web site deadmalls.com and track retail’s growing body count. And luxury retailers? They’re on “life support,” Davidowitz says.
Read the rest of this entry »
Posted in Uncategorized | Tagged: collapse survival, commercial real estate crisis, economic collapse, financial collapse | Leave a Comment »
Posted by seumasach on February 22, 2009
Reports of the death of neo-conservatism are not exagerated!
Washington Post
20th February, 2009
Listening to neoconservative mastermind Richard Perle at the Nixon Center yesterday, there was a sense of falling down the rabbit hole.
Read the rest of this entry »
Posted in Iraq | Tagged: "War on Terror", Death of neo-conservatism, End of empire | Leave a Comment »
Posted by seumasach on February 22, 2009
EMFacts
19th February, 2009
The Versailles Court of Appeal has upheld a decision by the Crown Court of Nanterre to force mobile telephony company Bouygues Telecom to remove a mobile phone base station as it constitutes an “exceptional nuisance”. The initial ruling sentenced Bouygues Telecom to pay the sum of 3000 EUR to each of the three couples submitting their case, 100 EUR per day the installation remained erected and to pay all legal costs. After the appeal, a further 6000 EUR fine was imposed on the telecoms company, the per day cost was increased to 500 EUR (but not retroactively) and all further legal costs were also to be paid.
Posted in Ecological and Public Health Crisis | Tagged: EM radiation health hazard, no more masts | Leave a Comment »
Posted by seumasach on February 22, 2009
Luke Manzarpour
PressTV
20th February, 2009
David Miliband has taken it upon himself to undermine the best of British politics and law in the name of the British people.
Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", Boy Milliband, Carl Schmitt, New Labour against democracy | Leave a Comment »
Posted by seumasach on February 22, 2009
PressTV
20th February, 2009
Hezbollah has condemned an Israeli TV channel for airing a blasphemous show that offends Christianity, Jesus Christ and Virgin Mary (PBUT).
Read the rest of this entry »
Posted in Uncategorized | Tagged: "War on Terror", Clash of civilizations, Hezbollah | Leave a Comment »
Posted by seumasach on February 22, 2009
The Taliban are getting ” increasingly violent”although, obviously, they have a lomg way to go before reaching American standards.
“An expert on civilian casualties said she was “cautiously optimistic” the U.S. is taking a new approach in dealing with civilian casualties. Sarah Holewinski, the executive director of The Campaign for Innocent Victims in Conflict, said more high-ranking military officials are visiting gravesites and apologizing”
These little courtesies go a long way.
“Instead of immediately denying civilian deaths, which deeply angers Afghans and with good reason, he said the U.S. will instead immediately investigate, make apologies and provide amends where appropriate,”
Well, Obama did promise change!
KABUL – An operation the American military at first described as a “precision strike” instead killed 13 Afghan civilians and only three militants, the U.S. said Saturday, three days after sending a general to the site to investigate.
Read the rest of this entry »
Posted in Afghanistan | Tagged: Afghanistan, End of empire, Obama agenda | Leave a Comment »
