noworldsystem.com


The Dollar Bubble

MUST SEE
The Dollar Bubble

http://www.youtube.com/watch?v=eZA0qNsf4m0

 



U.S. Gives Up Economic Independence to the IMF

U.S. Gives Up Economic Independence to the IMF

http://www.youtube.com/watch?v=xbTCmSdHvrk

 



Honduran President Victim of U.S. Coup: I’ve Been Gassed

Note: Is there a possibility that military weapons such as the A.D.S. radiation device and L.R.A.D. sound cannon were used on the Honduran president at the Brazilian embassy?

Honduran President Victim of U.S. Coup: I’ve Been Gassed And They’re Torturing Me

Miami Herald
September 24, 2009

It’s been 89 days since Manuel Zelaya was booted from power. He’s sleeping on chairs, and he claims his throat is sore from toxic gases and “Israeli mercenaries” are torturing him with high-frequency radiation.

“We are being threatened with death,” he said in an interview with The Miami Herald, adding that mercenaries were likely to storm the embassy where he has been holed up since Monday and assassinate him.

“I prefer to march on my feet than to live on my knees before a military dictatorship,” Zelaya said in a series of back-to-back interviews.

Zelaya was overthrown by the U.S. military at gunpoint on June 28 and slipped back into his country on Monday, just two days before he was scheduled to speak before the United Nations. He sought refuge at the Brazilian Embassy, where Zelaya said he is being subjected to toxic gases and radiation that alter his physical and mental state.

Witnesses said that for a short time Tuesday morning, soldiers used a device that looked like a large satellite dish to emit a loud shrill noise.

Honduran police spokesman Orlin Cerrato said he knew nothing of any radiation devices being used against the former president.

“He says there are mercenaries against him? Using some kind of apparatus?” Cerrato said. “No, no, no, no. Sincerely: no. The only elements surrounding that embassy are police and military, and they have no such apparatus.”

Police responded to reports of looting throughout the city Tuesday night. Civil disturbances subsided Wednesday afternoon, when a crush of people rushed grocery stores and gas stations in the capital.

Israeli government sources in Miami said they could not confirm the presence of any “Israelis mercenaries” in Honduras.

Zelaya, 56, is at the embassy with his family and other supporters, without a change of clothes or toothpaste. The power and water were turned back on, and the U.N. brought in some food. Photos showed Zelaya, his trademark cowboy hat across his face, napping on a few chairs he had pushed together.

“Look at the shape he’s in — sleeping on chairs,” de facto President Roberto Micheletti told a local TV news station.

Micheletti took Zelaya’s place after the military, executing a Supreme Court arrest warrant, burst into Zelaya’s house and forced him into exile. The country’s military, congress, Supreme Court and economic leaders have backed the ouster, arguing that Zelaya was bent on conducting an illegal plebiscite that they feared would ultimately lead to his reelection.

Micheletti said he was prepared to meet with Zelaya and a delegation from the Organization of American States, but only to discuss one topic: November elections.

On Wednesday, the U.N. cut off all technical aid that would have supported and given credibility to that presidential race. Conditions do not exist for credible elections, U.N. Secretary-General Ban Ki-moon said.

“I proposed dialogue, and they answered with bullets, bombs, a state of siege and by closing the airport,” Zelaya said.

Zelaya told The Herald that Washington should be taking a stronger stance against the elite economic interests that “financed and benefited” from the coup that ousted him three months ago.

If President Barack Obama hit Honduras with commercial sanctions or suspended free-trade agreements, the coup “would last just five minutes.”

The Obama administration suspended economic aid to Honduras and withdrew the visas of members of the current administration.

About 75 percent of Honduras’ commerce depends on the United States, Zelaya said. And because powerful economic forces were behind Zelaya’s ouster, Obama should hit those forces where it hurts most, Zelaya said.

“I have told this to Obama, to Secretary of State Hillary Clinton, to the U.S. Embassy here and anyone else who will listen,” Zelaya said. “They know how to act. Until now, they have been very prudent.”

With Micheletti showing a new willingness to talk with the OAS, and the U.N. Security Council set to meet to discuss the embassy situation soon, it isn’t the moment for more penalties, the U.S. State Department said.

“Right now, when there are openings for dialogue, is not the time to announce new sanctions,” a State Department official said.

Dates for the OAS visit, which could include emissaries from 10 countries, are being worked out, the official said.

Spokesman Ian Kelly said the U.N. Security Council meeting came at the request of the Brazilian government. No date has been set for the meeting.

“In general, we continue to work with our partners in the U.N. and the OAS to come up with means to promote a dialogue and defuse the tensions, of course with the ultimate goal of resolving the crisis,” State Department spokesman Ian Kelly said at a media briefing in Washington. “And we’re continuing our consultations with our partners in the region, and enlisting wherever we can their assistance in this process.”

The U.S. Embassy here spent the day denying rumors that Zelaya planned to move to American grounds. The rumor may have started because U.S. Embassy vehicles were used to evacuate Zelaya supporters who left the Brazilian Embassy willingly Tuesday.

“The embassy has been turned into a bunker for Zelaya,” Assistant Foreign Minister Martha Lorena Alvarado de Casco told The Herald. “He’s turned it into his headquarters, and he is using it to call for insurrection.”

Brazilian Foreign Minister Celso Amorim told CNN en Español that his government asked Zelaya to tone down his rhetoric while he remains an embassy guest.

“The word `death’ should not even be mentioned,” he said.

Rioting broke out in various parts of the capital Tuesday night, and lines hundreds deep formed at supermarkets when desperate shoppers scrambled to buy food after a round-the-clock curfew was briefly lifted.

“I have no food in my house,” said Patti Vásquez, a housewife who, after two hours, still had not reached the front doors of a supermarket in an upscale shopping mall. “I need to get milk and juice and eggs.”

Zelaya says he has no plans to leave the embassy anytime soon.

. “I am the president the people of Honduras chose,” Zelaya said. “A country can’t have two presidents — just one.”

U.S. Military Kidnaps Honduran President

 



Obama: Time Has Come For A New World Order

Obama: Time Has Come For A New World Order

http://www.youtube.com/watch?v=3AqxN1jnUXQ

 

Brazil’s Lula Pleads For New World Economic Order

AFP
September 23, 2009

Brazilian President Luiz Inacio Lula da Silva on Wednesday made a strong plea for a new world economic order in the wake of the global financial crisis.

“Because the global economy is interdependent, we are obliged to intervene across national borders and must therefore re-found the World Economic Order,” he said in a speech to the UN General Assembly.

Lula, who is to attend a summit of 20 leading developed and emerging economies hosted by US President Barack Obama in Pittsburgh later this week, reiterated his call for regulation of financial markets and an end to protectionism.

And he insisted anew that multilateral institutions such as the International Monetary Fund and the World Bank must become “more representative and democratic” to deal with complex problems such as overhauling the international monetary system.

“Poor and developing countries must increase their share of control in the IMF and the World Bank,” he said.

Read Full Article Here

Barroso: “New globalization” requires global government

U.S. to push for new economic world order at G20

Obama, G-20 Will Pledge to Keep Stimulus, Froman Says

UK’s Brown Says G20 To Become World’s Main Economic Governing Council

 



Globalists call for a “new global monetary authority”

Former Kissinger Policy Planner, CFR Member Calls For New Global Monetary Authority

Steve Watson
Infowars.net
September 26, 2008

A Council on Foreign Relations member and former policy planner under prominent Bilderberger Henry Kissinger has penned a piece in the Financial Times of London calling for a “new global monetary authority” that would have the power to monitor all national financial authorities and all large global financial companies.

“Even if the US’s massive financial rescue operation succeeds, it should be followed by something even more far-reaching – the establishment of a Global Monetary Authority to oversee markets that have become borderless.” writes Jeffrey Garten, also a former managing director of Lehman Brothers.

Garten, now a professor of business at Yale, served on the policy planning staff of Kissinger during his time as Secretary of State. He also served on the White House Council on International Economic Policy under the Nixon administration and went on to become the Undersecretary of Commerce for International Trade under Bill Clinton.

Citing “globalization”, A “clash of philosophies” and the “vacuum at the centre” of the current global institutional apparatus, Garten describes his vision for a new monolithic world authority to oversee all financial activity around the globe.

Here are some of the highlights (emphasis added):

A GMA (global monetary authority) would be a reinsurer or discounter for certain obligations held by central banks. It would scrutinise the regulatory activities of national authorities with more teeth than the IMF has and oversee the implementation of a limited number of global regulations. It would monitor global risks and establish an effective early warning system with more clout to sound alarms than the BIS has.

It would act as “bankruptcy court” for financial reorganisations of global companies above a certain size. The biggest global financial companies would have to register with the GMA and be subject to its monitoring, or be blacklisted. That includes commercial companies and banks, but also sovereign wealth funds, gigantic hedge funds and private equity firms.

The GMA’s board would have to include central bankers not just from the US, UK, the eurozone and Japan, but also China, Saudi Arabia and Brazil. It would be financed by mandatory contributions from every capable country and from insurance-type premiums from global financial companies – publicly listed, government owned, and privately held alike.

In a conclusion that smacks of problem, reaction, solution Garten adds “In terms of US and international politics, a Global Monetary Authority is probably an idea whose time has not yet come. That may change as today’s crisis evolves.”

What he describes is nothing less than a global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and obey the same regulations. The implementation of such a system would represent total interventionism and the absolute final nail in the coffin of the free market.

Garten’s call for a GMA echoes a piece published in the FT back in June by Timothy Geithner, president of the Federal Reserve Bank of New York.

Fresh from attending the Bilderberg conference in Chantilly, Virginia, Geithner called for a globalized banking system with “appropriate requirements for capital and liquidity”

 



RNC police brutality and torture victims speak out

RNC police brutality and torture victims speak out

http://www.youtube.com/watch?v=sqsqQ7VLMM0

 

Queensland Police Brutality

http://www.youtube.com/watch?v=YayrYBnHOMM

 

Aiken County Sheriff stops group for saggy pants

http://www.youtube.com/watch?v=orezyNziUQ0

Rio Cops ‘Kill Three People A Day’
http://uk.news.yahoo.com/skynews/20080916/twl-rio-cops-kill-three-people-a-day-3fd0ae9.html

Cop who arrested TV cameraman has been fired
http://kob.com/article/stories/S578979.shtml?cat=500

Delaware Bridge cops want toll cheats’ money, or their cars
http://www.pressofatlanticcity.com/186/story/260008.html

 



Cities Debate Privatizing Public Infrastructure

Cities Debate Privatizing Public Infrastructure

NY Times
August 29, 2008

Cleaning up road kill and maintaining runways may not sound like cutting-edge investments. But banks and funds with big money seem to think so.

Reeling from more exotic investments that imploded during the credit crisis, Kohlberg Kravis Roberts, the Carlyle Group, Goldman Sachs, Morgan Stanley and Credit Suisse are among the investors who have amassed an estimated $250 billion war chest — much of it raised in the last two years — to finance a tidal wave of infrastructure projects in the United States and overseas.

Their strategy is gaining steam in the United States as federal, state and local governments previously wary of private funds struggle under mounting deficits that have curbed their ability to improve crumbling roads, bridges and even airports with taxpayer money.

With politicians like Gov. Arnold Schwarzenegger of California warning of a national infrastructure crisis, public resistance to private financing may start to ease.

“Budget gaps are starting to increase the viability of public-private partnerships,” said Norman Y. Mineta, a former secretary of transportation who was recently hired by Credit Suisse as a senior adviser to such deals.

This fall, Midway Airport of Chicago could become the first to pass into the hands of private investors. Just outside the nation’s capital, a $1.9 billion public-private partnership will finance new high-occupancy toll lanes around Washington. This week, Florida gave the green light to six groups that included JPMorgan, Lehman Brothers and the Carlyle Group to bid for a 50- to 75 -year lease on Alligator Alley, a toll road known for sightings of sleeping alligators that stretches 78 miles down I-75 in South Florida.

Until recently, the use of private funds to build and manage large-scale American infrastructure assets was slow to take root. States and towns could raise taxes and user fees or turn to the municipal bond market.

Americans have also been wary of foreign investors, who were among the first to this market, taking over their prized roads and bridges. When Macquarie of Australia and Cintra of Spain, two foreign funds with large portfolios of international investments, snapped up leases to the Chicago Skyway and the Indiana Toll Road, “people said ‘hold it, we don’t want our infrastructure owned by foreigners,’ ” Mr. Mineta said.

And then there is the odd romance between Americans and their roads: they do not want anyone other than the government owning them. The specter of investors reaping huge fees by financing assets like the Pennsylvania Turnpike also touches a raw nerve among taxpayers, who already feel they are paying top dollar for the government to maintain roads and bridges.

And with good reason: Private investors recoup their money by maximizing revenue — either making the infrastructure better to allow for more cars, for example, or by raising tolls. (Concession agreements dictate everything from toll increases to the amount of time dead animals can remain on the road before being cleared.)

Politicians have often supported the civic outcry: in the spring of 2007, James L. Oberstar of Minnesota, chairman of the House Committees on Transportation and Infrastructure, warned that his panel would “work to undo” any public-private partnership deals that failed to protect the public interest.

And labor unions have been quick to point out that investment funds stand to reap handsome fees from the crisis in infrastructure. “Our concern is that some sources of financing see this as a quick opportunity to make money,” Stephen Abrecht, director of the Capital Stewardship Program at the Service Employees International Union, said.

But in a world in which governments view infrastructure as a way to manage growth and raise productivity through the efficient movement of goods and people, an eroding economy has forced politicians to take another look.

“There’s a huge opportunity that the U.S. public sector is in danger of losing,” says Markus J. Pressdee, head of infrastructure investment banking at Credit Suisse. “It thinks there is a boatload of capital and when it is politically convenient it will be able to take advantage of it. But the capital is going into infrastructure assets available today around the world, and not waiting for projects the U.S., the public sector, may sponsor in the future.”

Traditionally, the federal government played a major role in developing the nation’s transportation backbone: Thomas Jefferson built canals and roads in the 1800s, Theodore Roosevelt expanded power generation in the early 1900s. In the 1950s Dwight Eisenhower oversaw the building of the interstate highway system.

But since the early 1990s, the United States has had no comprehensive transportation development, and responsibilities were pushed off to states, municipalities and metropolitan planning organizations. “Look at the physical neglect — crumbling bridges, the issue of energy security, environmental concerns,” said Robert Puentes of the Brookings Institution. “It’s more relevant than ever and we have no vision.”

The American Society of Civil Engineers estimates that the United States needs to invest at least $1.6 trillion over the next five years to maintain and expand its infrastructure. Last year, the Federal Highway Administration deemed 72,000 bridges, or more than 12 percent of the country’s total, “structurally deficient.” But the funds to fix them are shrinking: by the end of this year, the Highway Trust Fund will have a several billion dollar deficit.

“We are facing an infrastructure crisis in this country that threatens our status as an economic superpower, and threatens the health and safety of the people we serve,” New York Mayor Michael R. Bloomberg told Congress this year. In January he joined forces with Mr. Schwarzenegger and Gov. Edward G. Rendell of Pennsylvania to start a nonprofit group to raise awareness about the problem.

Some American pension funds see an investment opportunity. “Our infrastructure is crumbling, from bridges in Minnesota to our airports and freeways,” said Christopher Ailman, the head of the California State Teachers’ Retirement System. His board recently authorized up to about $800 million to invest in infrastructure projects. Nearby, the California Public Employees’ Retirement System, with coffers totaling $234 billion, has earmarked $7 billion for infrastructure investments through 2010. The Washington State Investment Board has allocated 5 percent of its fund to such investments.

Some foreign pension funds that jumped into the game early have already reaped rewards: The $52 billion Ontario Municipal Employee Retirement System saw a 12.4 percent return last year on a $5 billion infrastructure investment pool, above the benchmark 9.9 percent though down from 14 percent in 2006.

“People are creating a new asset class,” said Anne Valentine Andrews, head of portfolio strategy at Morgan Stanley Infrastructure. “You can see and understand the businesses involved — for example, ships come into the port, unload containers, reload containers and leave,” she said. “There’s no black box.”

The prospect of steady returns has drawn high-flying investors like Kohlberg Kravis and Morgan Stanley to the table. “Ten to 20 years from now infrastructure could be larger than real estate,” said Mark Weisdorf, head of infrastructure investments at JPMorgan. In 2006 and 2007, more than $500 billion worth of commercial real estate deals were done.

The pace of recent work is encouraging, says Robert Poole, director of transportation studies at the Reason Foundation, pointing to projects like the high-occupancy toll, or HOT, lanes outside Washington. “The fact that the private sector raised $1.4 billion for the Beltway project shows that even projects like HOT lanes that are considered high risk can be developed and financed privately and that has huge implications for other large metro areas,” he said .

Yet if the flow of money is fast, the return on these investments can be a waiting game. Washington’s HOT lanes project took six years to build after Fluor Enterprises, one of the two private companies financing part of the project, made an unsolicited bid in 2002. The privatization of Chicago’s Midway Airport was part of a pilot program adopted by the Federal Aviation Administration in 1996 to allow five domestic airports to be privatized. Twelve years later only one airport has met that goal — Stewart International Airport in Newburgh, N.Y. — and it was sold back to the Port Authority of New York and New Jersey.

For many politicians, privatization also remains a painful process. Mitch Daniels, the governor of Indiana, faced a severe backlash when he collected $3.8 billion for a 75- year lease of the Indiana Toll Road. A popular bumper sticker in Indiana reads “Keep the toll road, lease Mitch.”

Joe Dear, executive director of the Washington State Investment Board, still wonders how quickly governments will move. “Will all public agencies think it’s worth the extra return private capital will demand?” he asked. “That’s unclear.”

Recent News:

Lehman tumbles as uncertainty grows
http://in.us.biz.yahoo.com/ap/080908/lehman_brothers_mover.html?.v=1

Gold Refiner Runs Out of Gold Krugerrands
http://www.bloomberg.com/apps/news?pid=20601012&sid=acH4WhPh1WJ0&refer=commodities

Greenspan: Don’t use Fed as a ‘magical piggy bank’
http://apnews.myway.com/article/20080905/D930B0EG1.html

Economic downturn worst in ‘60 years’
http://uk.news.yahoo.com/itn/20080830/tuk..-worst-in-60-years-dba1618.html

Brazil, Argentina to eliminate US dollar
http://www.prisonplan…0in%20their%20bilateral%20trade.%20

Food prices rise at the fastest rate on record
http://www.telegraph.co.uk/money/..ney/2008/09/08/bcnfood108.xml

Gold Falls Below $800 Again
http://www.nas..=&link=&headlinereturnpage=http://www.international.nasd

Incomes Of Americans Plunge
http://ap.google.com..sanM66tszKz1zFq0LOG4XvWS7zAD92RV0M00

World’s Richest Got Richer Last Year
http://news.yahoo.com/s/..=AuoqxJH_m6x1CtrZ5.D1n_gXIr0F

Oil nears $100 a barrel ahead of Opec meeting
U.K. House Prices Fall as Sales Drop to Record Low
Greenspan: Don’t use Fed as a ‘magical piggy bank’
China central bank may need government bailout

U.S. Economic Collapse News Archive

 



10th Bank Collapse This Year

10th Bank Collapse This Year

Bloomberg
August 29, 2008

Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.

Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp. Regions Financial Corp., Alabama’s biggest bank, will assume all deposits from Integrity, which was run by Integrity Bancshares Inc. The failed bank’s five offices will open on Sept. 2 as branches of Regions, the FDIC said.

“Depositors will continue to be insured with Regions Bank so there is no need for customers to change their banking relationship to retain their deposit insurance,’’ the FDIC said.

Banks are being closed at the fastest pace in 14 years as financial companies report more than $505 billion in writedowns and credit losses since 2007. California lender IndyMac Bancorp Inc., which had $32 billion in assets, was closed July 11 in the third-largest bank seizure, contributing to a 14 percent drop in the U.S. deposit insurance fund that had $45.2 billion at the end of the in the second quarter.

 

FDIC may borrow money from Treasury to see it through an expected wave of bank failures: report

Reuters
August 27, 2008

Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.

The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.

The borrowed money would be repaid once the assets of that failed bank are sold.

“I would not rule out the possibility that at some point we may need to tap into (short-term) lines of credit with the Treasury for working capital, not to cover our losses,” Chairman Sheila Bair said in an interview with the paper.

Bair said such a scenario was unlikely in the “near term.” With a rise in the number of troubled banks, the FDIC’s Deposit Insurance Fund used to repay insured deposits at failed banks has been drained.

In a bid to replenish the $45.2 billion fund, Bair had said on Tuesday that the FDIC will consider a plan in October to raise the premium rates banks pay into the fund, a move that will further squeeze the industry.

The agency also plans to charge banks that engage in risky lending practices significantly higher premiums than other U.S. banks, Bair said.

The last time the FDIC had borrowed funds from the Treasury was at nearly the tail end of the savings-and-loan crisis in the early 1990s after thousands of banks were shuttered.

The fact that the agency is considering the option again, after the collapse of just nine banks this year, illustrates the concern among Washington regulators about the weakness of the U.S. banking system in the wake of the credit crisis, the Journal said.

Recent News:

Bankruptcy Filings Surge 29%
http://www.economicpolicyjournal.com/2008/08/bankruptcy-filings-surge-29.html

FDIC: Bank Profits Fell By 86% In 2nd Quarter
http://seattletimes.nwsource.com/html/busi..webbanks26.html

World Bank: More People In Poverty
http://www.reuters.com/article/worl..=RSS&feedName=worldNews

Dow Falls Another 240 Points
http://news.yahoo.com/s/ap/2..=1;_ylt=ArOpbuqd64sBzkF3Xyx3zOxv24cA

Merrill, Wachovia in Danger of Failing: Strategist
http://www.cnbc.com/id/26262..Cquote%7Ctext%7C&par=yahoo

Large U.S. bank collapse seen ahead
http://www.reuters.com/article/newsOne/idUSSP21695020080819

Deepening economic crisis ‘may trigger family breakdown’
http://www.dailymail.c..onomic-crisis-trigger-family-breakdown.html

Auto industry seeks $50B in loans from Congress
http://money.cnn.com/2008/08/23/news/economy/auto_bailout.ap/index.htm

Living the American dream in Brazil
http://english.aljazeera.net/focus/2008/08/200881884358873790.html

Illegal Immigrants Returning to Mexico in Record Numbers
http://www.foxnews.com/story/0,2933,409221,00.html

FDIC: Highest Level Of Troubled Banks Since 2003
http://news.yahoo.com/s/ap/20..s;_ylt=AiX6b2alma.c4GBC5tc9LJqs0NUE

FDIC Increasing Staff for Expected Increase in Bank Failures
Japan’s Mitsubishi takes over US bank

U.S. Economic Collapse News Archive

 



U.S. Warns Iran With War Game ’Operation Brimstone’

U.S. Warns Iran With War Game ’Operation Brimstone’

Press TV
July 22, 2008

http://youtube.com/watch?v=Q5KHKhJZPnAU

The United States is set to lead a joint military exercise in the Atlantic Ocean to show off its combat capabilities as a warning to Iran.

The Joint Task Force Exercise (JTFEX) 08-4 ’Operation Brimstone’ will take place on July 21-31 in North Carolina and off the eastern US coast from Virginia to Florida, involving France, Britain and Brazil.

More than a dozen ships, including the US carrier strike group Theodore Roosevelt and expeditionary strike group Iwo Jima, the French submarine Amethyste, and the British HMS Illustrious Carrier Strike Group, as well as a Brazilian frigate will take part in the 10-day exercise.

Six vessels from the US Norfolk Naval State will play enemy at the exercise.

The drill is aimed at training for operation in shallow coastal waters such as the Persian Gulf and the Strait of Hormuz.

According to the Debkafile, both the Roosevelt and Iwo Jima are scheduled to be deployed in the Middle East in the coming months.

Read Full Article Here

 



South American Union To Have Single Currency

South American Union To Have Single Currency

Natural News
June 21, 2008

Brazilian President Luiz Inacio Lula da Silva recently revealed that the South American countries are planning for a common currency as part of the integration of the individual countries into the Union of South American Nations. This integration is patterned after the formation of the European Union, and parallels the plan for the North American Union.

The union of South American nations would create a trade block designed to be competitive with the European and North American trade blocks. Central to the formation of the union is the creation of a central bank to oversee the new common currency that would replace the currencies of the individual countries in the block. In a recent broadcast, President Lula stated that he sees the implementation of this plan as not being a fast one.

In his message, the president stressed the need to help the countries of South America that are economically weak, such as Paraguay, Uruguay and Bolivia. “We have to help them because the stronger the countries in South America economically are, the more tranquility, peace, democracy, trade, companies, jobs, incomes and development”, he is quoted at ((http://www.nuwireinvestor.com/articles/…) .

Another unfolding feature of the South American Union similar to that of the North American Union is its dependence on newly created infrastructure. The South American alliance will promote the cross-nation construction of railroads, highways, bridges and transmission lines that will connect the entire region resulting in smooth interaction and movement within the trading block. The NAFTA and CAFTA Superhighways epitomize the infrastructural development of the North American Union trading block.

The union plan also calls for a regional defense council, apparently the beginning of the imposition of a regional government. This council would resolve regional conflicts, promote military cooperation and allow for the regional coordination of weapons production, much as the military integration of Canada and the U.S. initiates the unification of governments in the North American Countries.

The plan to establish a new common currency for the Union of South American Nations is the latest development in the initiation of common currencies representative of multi-country trading blocks. The euro was the first trade block currency, established as part of the European Union. The amero is the name of what may be the North American Union’s counterpart to the euro, debuting after economic integration and homogenization of Mexico, the U.S. and Canada have been completed, at exchange rates that represent the lowered standard of living of the Americans and the Canadians.

Critics of the Union of South American Nations’ efforts to establish a common currency see it as playing right into the hands of the world banking cartel. The clustering and assimilation of currencies facilitates the eventual merger into a one world currency promoted by the Council on Foreign Relations and its political puppets. They see the move toward the South American Union with its single currency as easily fitting with the European Union and current efforts to establish the North American Union. Once the formation of these major trading blocks is completed, the next step would be the unification of the blocks into a one world government.

This one world government is sometimes referred to as the New World Order. The Council on Foreign Relations has openly stated that its intentions are to bring about the surrender of the sovereignty of the national independence of the U.S. with the aim of creating a one world government. The Council, referred to as CFR, has influence in all vital areas of American life and around the world. Members have run or are running the major media outlets including NBC, CBS, the New York Times, the Washington Post, and many other publications.

CFR members dominate the political world. U.S. presidents since Franklin Roosevelt have been CFR members, with the exception of Ronald Reagan. CFR members also dominate the academic world, top corporations, unions and the military. They are on the board of directors of the Federal Reserve. Barack Obama and John McCain are CFR members, as well as the Bushes and the Clintons. There are many corporate members of the CFR. CFR plans are not subject to the scrutiny, debate, or vote of the people. Discussion of the plans has been conspicuously absent from the endless debating of the presidential candidates.

South American Union Formed
http://news.bbc.co.uk/2/hi/americas/7417896.stm

Arizona Governor Approves Prohibition on Real ID
http://www.freedomsphoenix.com/Feature-Article.htm?InfoNo=034608

Bill C-51 Codex & The SPP
http://intelstrike.com/?p=277

SuperCorridor Defeat? Don’t Bet On It
http://sjlendman.blogspot.com/2008/06/supercorridor-defeat-dont-bet-on-it.html

Comments At 4th Annual North America Forum
http://www.agoracosmopolitan.com/home/Frontpage/2008/06/13/02404.html

North American Union agenda whether Canadians want it, or not, is a top priority for elite interests
http://www.agoracosmopolitan.com/home/Frontpage/2008/06/13/02404.html

What is the ’North American Union’?

 



Oil Breaks Record of $140 a Barrel

Oil Breaks Record of $140 a Barrel

Reuters
June 16, 2008

Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the U.S. dollar which offset the bearish impact of plans by Saudi Arabia to boost output.

U.S. light, sweet crude for July delivery was up $3.74 at $138.60 a barrel by 1317 GMT, after falling as much as $1.40 a barrel, or about 1 percent, earlier in the session.

U.S. crude set a record high of $139.89 a barrel.

London Brent crude was up $3.05 at $138.16.

Prices leapt as the dollar fell after publication of data from the New York Federal Reserve that showed manufacturing in the state of New York contracted in June for the fourth time in five months.

“Prices rose sharply in three minutes. U.S. manufacturing data was weak, so it is pressuring the dollar down,” said Mike Wittner, energy analyst at Societe General.

Read Full Article Here

 

British TV Report On Europe Fuel Protests

http://www.youtube.com/watch?v=Vc3j8BFQy9E

Bush urges Congress to end offshore oil drill ban
http://www.reuters.com/article/ousiv/idUSWAT00968520080618

Brazil’s oil giant says more oil found
http://news.xinhuanet.com/english/2008.._8366841.htm

Deals with Iraq are set to bring oil giants back
http://www.iht.com/articles/2008/06/19/africa/19iraq.php

Kuwait Says Oil Over $100 Is Too High; Support Saudis
http://www.bloomberg.com/apps/news..mkZ9.AU&refer=home

OPEC sees no need to pump more after price surge
http://www.reuters.com/article/business..&feedName=businessNews

Stocks Fall Sharply As Oil Surges
http://news.yahoo.com/s/ap/20080..LSuA9bao4W7_UfPnF9v24cA

 



Sheep Flatulance Vaccine Developed (not satire)

Sheep Flatulance Vaccine Developed (not satire)

London Telegraph
June 5, 2008

New Zealand scientists claim to have developed a “flatulence inoculation” aimed at cutting down on the massive amount of methane produced by its sheep and cows.

Such animals are believed to be responsible for more than half of the country’s greenhouse gases, causing huge environmental problems.

But Phil Goff, New Zealand’s trade minister, told an Organisation for Economic Co-Operation and Development (OECD) in Paris yesterday that a solution was in sight.

“Our agricultural research organisation just last week was able to map the genome … that causes methane in ruminant animals and we believe we can vaccinate against” flatulent emissions, Mr Goff said.

Read Full Article Here

 

’CO2 scrubber’ could help slow global warming

London Telegraph
June 2, 2008

A new machine designed to “suck” carbon dioxide from the air could help in the fight to save the world from climate change, according to physicists.

A group of scientists are devising a ’CO2 scrubber’ which they claim will capture one tonne of CO2 from the air every day, about the same per passenger as a flight from London to New York, reducing the warming effect of greenhouse gases produced each year.

 

U.N. talks halt plans for oceans absorb CO2

Madeline Chambers
Reuters
May 31, 2008

Nearly 200 countries agreed on Friday to a moratorium on projects to fight climate change by adding nutrients to the seas to spur growth of carbon-absorbing algae.

The surprise deal followed 12 days of haggling at the U.N.’s Convention on Biological Diversity conference where Australia, Brazil and China had opposed until the last minute, halting the controversial plans for “ocean fertilization”.

Opponents argue the little-tested process has unknown risks which could threaten marine life, for instance by making the oceans more acidic. Those in favor say it could be a new weapon to fight global warming.

Read Full Article Here

Recent News

$45 trillion needed to combat warming
http://news.yahoo.com/s/ap/20080606/ap_on_bi_ge/japan_iea_climate_change

Beta Testing “Carbon Consciousness” in Britain
http://www.infowars.com/?p=2473

Global warming could stop NATURALLY for ten years,’ say scientists
http://www.dailymail.co.uk/pages/live/..n_page_id=1770&in_a_source=

White House: Humans “Very Likely” Causing Warming
http://blogs.wsj.com/environ..s-very-likely-causing-warming/

World Environment Day calls for end to CO2 addiction
http://www.reuters.com/article/newsOne/idUSSP221220080605

Czech President Wants To Debate Gore
http://www.earthtimes.org/article..ore-on-climate-change.html

Bishop Compares Global Warming Skeptics To Pedophile Rapist
http://prisonplanet.com/articles/june2008/060208_pedophile_rapist.htm

Painting by numbers: NASA’s peculiar thermometer
Calls for ban on ’polluting’ patio heaters
Global Warming: Facts and Factoids
Oz TV advises CO2-emitting children to die early
Poor nations demand climate funds
Media Double-Standard on Global Warming “Censorship”
Weather Warfare

Global Warming Hoax News Archive

 



South American Union Formed

South American Union Formed

BBC
May 24, 2008

The leaders of 12 South American nations have formed a regional body aimed at boosting economic and political integration in the region.

At a summit in Brazil, they signed a treaty which created the Union of South American Nations (Unasur).

Brazil’s President Luiz Inacio Lula da Silva said the move showed that South America was becoming a “global player”.

But tensions between several members will make it difficult for the group to achieve its goals, observers say.

Mr Lula said at the summit in Brasilia that the differences between some Unasur governments were a sign of vitality in the region.

“The instability some want to see in our continent is a sign of life, especially political life,” Mr Lula said.

“There’s no democracy without people [protesting] in the streets,” he added.

The treaty envisages that Unasur will have a revolving presidency and bi-annual meetings of foreign ministers.

Prior to the Brasilia summit, Venezuelan President Hugo Chavez described the “empire” of the United States as Unasur’s “number one enemy”.

Mr Chavez is embroiled in a bitter diplomatic row with his Colombian counterpart Alvaro Uribe – a staunch US ally – over Colombian claims that Venezuela has been helping to finance the activities of the Colombian Farc rebels.

The Unasur members are Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.

 

South America considers single common currency

Gulf Times
May 28, 2008

BRASILIA: South America is thinking of creating a common currency and a central bank along the lines of those in the European Union’s eurozone, Brazilian President Luiz Inacio Lula da Silva said yesterday.

The idea is a logical next step following the signing last Friday of a treaty creating a Union of South American States that aims to promote joint regional customs and defense policies, Lula said during his weekly radio broadcast.

“Many things still haven’t been realised. We are now going to create a Bank of South America. We are going to move forward so in the future we’ll have a single central bank, a common currency,” he said.
But, he added: “This is a process. It won’t be something that happens quickly.”

Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela all signed up to the Unasur treaty creating the regional union during a ceremony in Brasilia last Friday.

The entity’s goal is to bring together two trade blocs within South America, Mercosur and the Andean Community, and to integrate the region.

Brazil is also pushing for a regional defence council that could be used as a forum to settle inter-regional disputes as well as formulate joint policies.

Lula said the creation of Unasur was “the realisation of a dream,” and evidence of remarkable economic and political progress South American nations have made in recent decades.

Read Full Article Here

 



Energy expert: Gas could reach $15 per gallon

Experts Push “Peak Oil” Scam to Predict $15 a Gallon Gas Prices

Infowars
May 26, 2008

Editor’s Note: The following video is a prime example of hysterical “Peak Oil” scaremongering. In fact, there is no shortage of oil — the reserves are increasing, not decreasing. Consider the following examples: In 2006, Chevron announced a huge oil discovery in the the Lower Tertiary zone of the Gulf of Mexico, described as “one of the nation’s biggest oil discoveries in decades,” and Brazil discovered giant new offshore oil fields in 2005 (expected to produce 773 million barrels of oil by 2025). Add to this BP’s discovery of new oil fields near the Shetland Islands, recent discoveries in the Timor Sea, Yemen, Tunisia, Libya, offshore Trinidad, in Pakistan, Angola, in the Ordovician Red River Strata of southeastern Saskatchewan, and elsewhere. Earlier this month, the Kurds of northern Iraq announced a major oil find, estimated at about 2 billion barrels. In the last 20 years, known reserves have doubled. Currently there are somewhere in the neighborhood of 680 billion barrels of Middle East reserve oil alone.

Add to this an “intriguing theory now permeating oil company research staffs suggests that crude oil may actually be a natural inorganic product, not a stepchild of unfathomable time and organic degradation. The theory suggests there may be huge, yet-to-be-discovered reserves of oil at depths that dwarf current world estimates,” writes Chris Bennett (see Lindsey Williams interview below). “Deeply entrenched in our culture is the belief that at some point in the relatively near future we will see the last working pump on the last functioning oil well screech and rattle, and that will be that. The end of the Age of Oil. And unless we find another source of cheap energy, the world will rapidly become a much darker and dangerous place.” It is a meticulously nurtured myth.

Peak Oil takes a page from publicly available CFR and Club of Rome strategy manuals that say global government needs to control the world population through neo-feudalism by creating artificial scarcity that will result in massive social unrest, widespread famine, and endless war. $15 a gallon gas will most certainly help this agenda along.

http://www.youtube.com/watch?v=U7IJEEIBwrE

http://www.youtube.com/watch?v=80XMKbnHuEs

From David Edwards and Raw Story, May 24:

Robert Hirsch, senior advisor for Science Applications International Corporation, sat down with MSNBC’s Alex Witt to discuss the possibility of an upcoming oil crisis. Hirsch says that gas could reach $15/gallon within a few years because it is “essentially certain” the world has reached the maximum levels of oil production.

“The problem is that there’s not that much oil left in the ground,” Hirsch says. “What we’ve done is been very fortunate to have oil production increase as our economies have developed over the past decades. And now we’re reaching a point where we’re about to get, or we may be, at the maximum world oil production. After that, oil production will then decline and prices, of course, will continue to do what they’ve been doing recently. So what we’ve got today may be the ‘good old days.’”

Hirsch addressed the timeframe in which the US could see $15/gallon gas: “It could happen within a matter of months. It could happen within a matter of a few years. But it’s essentially certain that we are at the maximum of world oil production. And after that, we’ll go into decline, and when there’s much less oil available, then, of course, the price of oil is going to increase dramatically.”

Fuels, heating oil, and consumer products that rely on petroleum will all be impacted by the decline in world oil production. Hirsch estimates the world GDP declining at the same rate as oil production.

Watch The Video Here

 

Oil Expert: By Summer, Oil To Hit $200 Per Barrel
This is reality, energy is in the hands of profiteers and has lost touch with the real expenses. There is no logic here, says Davor Stern.

Javno
May 23, 2008

Oil prices have once again crashed through the ceiling with a record price of 135 dollars per barrel because of the concerning fall in American reserves of crude oil with 5.32 million barrels. The fact is that this is only a continuation of the crisis; food is getting more and more expensive, petrol and diesel are rising in price every other week in Croatia (as well as in many countries around the world), and there is no end in sight to the price hikes.

This is reality, energy is in the hands of profiteers and has lost touch with the real expenses. There is no logic here – Davor Stern told us in a telephone conversation. Davor is the former director of Croatia’s largest oil company INA, as well as an oil expert.

Record earnings by oil companies

He added that oil companies earn a lot. Igor Dekanic from the faculty of mining, geology and oil, said that European oil companies are breaking the borders of profitability.

– The largest companies like IBP, Shell, Exxon, the French Total and the Italian Enia have the largest profits in history. That is a general trend with privatized companies in the world – says professor Dekanic.

Stern stresses that the market itself has some sort of logic, however, the current situation is in a state of psychosis.

– By summer we can expect oil prices of 200 dollars per barrel, and that is not the opinion of the trade, but my own prediction. It is impossible to give any projections of the prices, but one thing is certain, the sky is the limit – says Stern.

Read Full Article Here

Recent News:

OPEC Producers say $200 oil is possible
http://www.guardian.co.uk/busi..y/23/oil.commodities1

Gold Hits Over $930, Oil $135, Euro $1.57
http://www.reuters.com/article..er=2&virtualBrandChannel=10005
OPEC: Oil market is going ’crazy’
http://www.presstv.ir/detail.aspx?id=56937&sectionid=3510213

Buffett blames banks for credit crisis
http://www.reuters.com/article/ousiv/idUSL2561340920080525

It’s Not An Oil Crisis It’s A Dollar Crisis
http://www.321gold.com/editorials/schiff/schiff052308.html

Alaska Drilling Would Only Save 75 Cents Per Barrel
http://www.mcclatchydc.com/251/story/38223.html

Buffett Sees Deep U.S. Recession
http://news.yahoo.com/s/nm/200805..oENIM35QA3Eqb.HQA

Food prices high for foreseeable future, says UN
http://www.guardian.co.uk/world/2008/may/23/unitednations.food

George Soros: rocketing oil price is a bubble
http://www.telegraph.co.uk/money/ma..2008/05/26/cnsoros126.xml

Global Warming Bill Could Spike Gas $1.50 to $5 a Gallon
http://www.businessandmedia…/20080515172437.aspx

Economist Challenges Government Data
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/25/BU6K10JTEF.DTL

Gas Prices Could Top $5 A Gallon In Bad Economy
http://cbs2chicago.com/consumer/gas.prices.oil.2.719683.html

Gas Could Go To $10
http://www2.nysun.com/article/75363

Euro, Franc, Krona to Benefit From Oil Price, Barclays Says
Economy Slows To A Crawl
Government Green Lights Gulf Dollar Abandonment
Federal Reserve May Want Inflation
Fed Cuts Key Interest Rate By A Quarter Point

U.S. Economic Collapse News Archive

 



Destroying the Rainforest to Fight Global Warming

Destroying the Amazon Rainforest to Fight Global Warming
Biofuel industry to destroy valuble wetlands, grasslands and forests to cash-in on the global warming trend

Time
March 30, 2008

From his Cessna a mile above the southern Amazon, John Carter looks down on the destruction of the world’s greatest ecological jewel. He watches men converting rain forest into cattle pastures and soybean fields with bulldozers and chains. He sees fires wiping out such gigantic swaths of jungle that scientists now debate the “savannization” of the Amazon. Brazil just announced that deforestation is on track to double this year; Carter, a Texas cowboy with all the subtlety of a chainsaw, says it’s going to get worse fast. “It gives me goose bumps,” says Carter, who founded a nonprofit to promote sustainable ranching on the Amazon frontier. “It’s like witnessing a rape.”

The Amazon was the chic eco-cause of the 1990s, revered as an incomparable storehouse of biodiversity. It’s been overshadowed lately by global warming, but the Amazon rain forest happens also to be an incomparable storehouse of carbon, the very carbon that heats up the planet when it’s released into the atmosphere. Brazil now ranks fourth in the world in carbon emissions, and most of its emissions come from deforestation. Carter is not a man who gets easily spooked–he led a reconnaissance unit in Desert Storm, and I watched him grab a small anaconda with his bare hands in Brazil–but he can sound downright panicky about the future of the forest. “You can’t protect it. There’s too much money to be made tearing it down,” he says. “Out here on the frontier, you really see the market at work.”

This land rush is being accelerated by an unlikely source: biofuels. An explosion in demand for farm-grown fuels has raised global crop prices to record highs, which is spurring a dramatic expansion of Brazilian agriculture, which is invading the Amazon at an increasingly alarming rate.

Propelled by mounting anxieties over soaring oil costs and climate change, biofuels have become the vanguard of the green-tech revolution, the trendy way for politicians and corporations to show they’re serious about finding alternative sources of energy and in the process slowing global warming. The U.S. quintupled its production of ethanol–ethyl alcohol, a fuel distilled from plant matter–in the past decade, and Washington has just mandated another fivefold increase in renewable fuels over the next decade. Europe has similarly aggressive biofuel mandates and subsidies, and Brazil’s filling stations no longer even offer plain gasoline. Worldwide investment in biofuels rose from $5 billion in 1995 to $38 billion in 2005 and is expected to top $100 billion by 2010, thanks to investors like Richard Branson and George Soros, GE and BP, Ford and Shell, Cargill and the Carlyle Group. Renewable fuels has become one of those motherhood-and-apple-pie catchphrases, as unobjectionable as the troops or the middle class.

But several new studies show the biofuel boom is doing exactly the opposite of what its proponents intended: it’s dramatically accelerating global warming, imperiling the planet in the name of saving it. Corn ethanol, always environmentally suspect, turns out to be environmentally disastrous. Even cellulosic ethanol made from switchgrass, which has been promoted by eco-activists and eco-investors as well as by President Bush as the fuel of the future, looks less green than oil-derived gasoline.

Meanwhile, by diverting grain and oilseed crops from dinner plates to fuel tanks, biofuels are jacking up world food prices and endangering the hungry. The grain it takes to fill an SUV tank with ethanol could feed a person for a year. Harvests are being plucked to fuel our cars instead of ourselves. The U.N.’s World Food Program says it needs $500 million in additional funding and supplies, calling the rising costs for food nothing less than a global emergency. Soaring corn prices have sparked tortilla riots in Mexico City, and skyrocketing flour prices have destabilized Pakistan, which wasn’t exactly tranquil when flour was affordable.

Biofuels do slightly reduce dependence on imported oil, and the ethanol boom has created rural jobs while enriching some farmers and agribusinesses. But the basic problem with most biofuels is amazingly simple, given that researchers have ignored it until now: using land to grow fuel leads to the destruction of forests, wetlands and grasslands that store enormous amounts of carbon.

Backed by billions in investment capital, this alarming phenomenon is replicating itself around the world. Indonesia has bulldozed and burned so much wilderness to grow palm oil trees for biodiesel that its ranking among the world’s top carbon emitters has surged from 21st to third according to a report by Wetlands International. Malaysia is converting forests into palm oil farms so rapidly that it’s running out of uncultivated land. But most of the damage created by biofuels will be less direct and less obvious. In Brazil, for instance, only a tiny portion of the Amazon is being torn down to grow the sugarcane that fuels most Brazilian cars. More deforestation results from a chain reaction so vast it’s subtle: U.S. farmers are selling one-fifth of their corn to ethanol production, so U.S. soybean farmers are switching to corn, so Brazilian soybean farmers are expanding into cattle pastures, so Brazilian cattlemen are displaced to the Amazon. It’s the remorseless economics of commodities markets. “The price of soybeans goes up,” laments Sandro Menezes, a biologist with Conservation International in Brazil, “and the forest comes down.”

Deforestation accounts for 20% of all current carbon emissions. So unless the world can eliminate emissions from all other sources–cars, power plants, factories, even flatulent cows–it needs to reduce deforestation or risk an environmental catastrophe. That means limiting the expansion of agriculture, a daunting task as the world’s population keeps expanding. And saving forests is probably an impossibility so long as vast expanses of cropland are used to grow modest amounts of fuel. The biofuels boom, in short, is one that could haunt the planet for generations–and it’s only getting started.

Read Full Article Here

Biofuel Scam: Ship fuel over the Atlantic twice, pocket US subsidies, undercut local vendors
http://www.guardian.co.uk/environment/2008/apr/01/biofuels.energy

Analyst Predicts Corn Rationing In 2008
http://www.chron.com/disp/story.mpl/ap/fn/5662307.html