noworldsystem.com


Americans getting raped by Goldman Sachs mafia

Celente: Americans getting raped by Goldman Sachs mafia

http://www.youtube.com/watch?v=oNiAAiSMu9Y

 



National Guard May Take Over Police Duties in Alabama

National Guard Might Take Over Police Duties in Alabama

Paul Joseph Watson
Prison Planet.com
August 5, 2009

The implementation on martial law in America advanced a step further yesterday when the sheriff of Alabama’s most populous county said he would probably have to bring in National Guard troops to perform law enforcement duties due to budget cuts.

Plans to slash $4.1 million from the budget of Sheriff Mike Hale by Jefferson County commissioners in order to head off a municipal bankruptcy filing were approved by Circuit Judge Joseph L. Boohaker.

“A spokesman for Hale, Randy Christian, said the sheriff told Riley after the ruling that state assistance may be needed to perform basic law enforcement tasks once the department’s current funding is exhausted in early September,” reports the Associated Press.

“We will certainly be looking at calling in the National Guard,” said Christian.

Jefferson County has 640,000 residents and includes the state’s largest city, Birmingham.

Moves to replace traditional law enforcement with National Guard troops have been replicated in other parts of the country, including in Schenectady New York, where budgetary constraints were not even cited as a reason for the changeover.

After a handful of police officers were accused of assaulting citizens, Mayor Brian Stratton proposed declaring martial law and replacing the city’s entire roster of cops with National Guardsmen.

“It may be that as a stopgap measure, that you would need military forces – State Police, National Guard.” the Mayor said.

The use of military assets in civilian law enforcement is still illegal under Posse Comitatus, unless a clear state of emergency exists. The misbehavior of a few cops or the inability of a Sheriff to manage a budget cut does not constitute a state of emergency.

In this context, without the justification of an existing crisis that mandates National Guard intervention, the threat to replace police officers with troops on a whim is a sad reflection of how America is turning into a Soviet style military police state, as law enforcement increasingly shifts over to Homeland Security and Northcom controlled military assets.

 

Possible National Guard Deployment in Alabama Result of Bankster Scam

Kurt Nimmo
Infowars
August 5, 2009

Earlier today, Paul Joseph Watsonn reported on the expected deployment of National Guard troops in Jefferson County, Alabama, to perform law enforcement duties in violation of Posse Comitatus due to budget cuts. “Plans to slash $4.1 million from the budget of Sheriff Mike Hale by Jefferson County commissioners in order to head off a municipal bankruptcy filing were approved by Circuit Judge Joseph L. Boohaker,” Watson wrote.

As it turns out, Jefferson County’s financial woes are a direct result of a bankster derivative scam.

“A few years ago Jefferson County, Alabama bought 17 interest rate swaps from JP Morgan, Lehman Brothers and Bank of America with the intention of hedging interest rate risk,” writes Moe Tkacki for the Business Insider’s Clusterstock. “In a sequence of events that played out in state capitals, city halls, and school and public utility boardrooms throughout the country , Jefferson County officials bought into complex interest rate swap contracts they didn’t understand, at much higher prices than the going rate, only to face hundreds of millions of dollars in sudden collateral calls when the subprime mortgage crisis began.”

Credit default swaps are a mega-scam perpetuated by the major banks. Last year, there was more than 70 trillion dollars in the so-called credit default swap market, a sum larger than the GDP of the world. “If only 1 to 2 percent ’service fee’ were charged in these transactions (which are based on illusory assets), we’re talking nearly three-quarters to one-and-a-half trillion dollars in real term fees being siphoned off (i.e. hijacked from) the global economy for no productive, but merely parasitic, purpose,” writes Zeus Yiamouyiannis. “One thing of which I am convinced, we have just been ripped off trillions of dollars and 700 billion of even real money won’t fix the problem.”

In late 2008, then Treasury Secretary Hank Paulson attempted to cover-up this scam and protect his bankster masters. Now the damage is coming home to roost in places like Jefferson County, Alabama. Expect the rot to spread and troops to be called out in other parts of the country.

It really is a genius plan on the part of our globalist rulers. First, they hijacked the economy with their scam. Second, they created an economic crisis of fantastic proportion (and are now demanding world government as the cure). Third, in response to the social and political disintegration caused by their scam cash-strapped government tells us they have to lay-off the police and send out the troops because “anarchy” will rule if they don’t.

It is problem-reaction-solution on steroids.

For now, reports the Associated Press, “sewer system is still operating normally” — sewers are one of the hallmarks of an advanced civilization — but the county has closed four satellite courthouses and residents are standing in line for hours at the main courthouse to do routine business like renewing car tags.

It doesn’t take much imagination to speculate what will happen when the sewers stop working and normal government operations — fire and ambulance service, county hospitals, trash collection, the maintenance of the public water system, etc. — come crashing to a halt.

Jefferson County will need the National Guard to stop the plebs from revolting.

 

Photo of Combat Vehicles on the Streets of Springfield, Illinois

Infowars
August 3, 2009

On July 30, Infowars reported on an Illinois Army National Guard plan to put Armored Security Vehicles on the streets. “A Springfield-based military police company will be training with a new armored vehicle in the area this week,” the Associated Press reported. “The Illinois Army National Guard says training with the new Armored Security Vehicles will start Thursday and run through Sunday.”

An Infowars reader captured an image of the combat vehicles over the weekend. “Here is a picture of the Illinois National Guard driving the new armored military police vehicles through the streets of Springfield, Illinois.”

Staff Sgt. Daniel Becker told the AP people shouldn’t be afraid of the vechicles. “No, they shouldn’t be afraid — they need to let the idea sink in that it is normal for armed troops to be on the streets. After they get used to military vehicles on the roads, they will need to get accustomed to military checkpoints like the ones in Iraq and Afghanistan,” we wrote at the time.

 



Gold Runs Out In Germany

Gold Runs Out In Germany

Allan Hall
London Evening Standard
October 12, 2008

Risk-averse Germans are turning to gold in troubled times – but there’s none left.

German gold dealers say demand has skyrocketed this past week to 10 times normal so no more orders can be taken for the foreseeable future.

“The demand exceeds our capacities by a great deal,” said Heiko Ganss, head of precious metal company Pro Aurum.

“The requests cannot be satisfied right now,” a dealer from the Düsseldorf WGZ Bank confirmed.

“Demand for gold as a conservative investment has risen dramatically,” said stephan Henkel. “right now the demand is about 10 times as high as in normal times.”

Gold deliveries now take between four and six weeks.

The US mint said on Monday it had exhausted some of its supply of bullion coins and was struggling to meet demand for gold, silver and platinum.

South Africa’s Rand Refinery, producer of the world’s most popular gold bullion coin, the Krugerrand, temporarily ran out of the coins in August.

 

Londoners Queue-Up on Sidewalk to Buy Gold in Rush for Money Haven

Bloomberg
October 9, 2008

Londoners stood in line outside the largest gold coin and bar retailer in the city’s West End shopping district, clogging the lobby and trading among themselves as they sought a safe haven for their money.

“People want something tangible, something they can hold on to, something the banks can’t give them,” said Chris Burrow, the owner of ATS Bullion, the gold dealer in the Strand that traces its roots back to the 17th century. “There’s no time to breathe. We’re rushed off our feet. Staff are exhausted.”

As U.K. stocks tumbled to a five-year low, paced by financial-services companies, gold advanced. Since Lehman Brothers Holdings Inc.’s Sept. 15 filing for bankruptcy protection, exacerbating the worldwide credit crisis, gold for immediate delivery has jumped 19 percent.

“Investors are rushing to safe havens and physical gold seems to be the favorite one,” said Frederic Panizzutti, a senior vice president at MKS Finance, one of Switzerland’s four bullion refiners.

British government action to prop up the banking industry has failed to reassure investors. The U.K. on Oct. 8 promised 50 billion pounds ($86 billion) of capital to banks, the same day the Bank of England cut its benchmark interest rate by half a percentage point. Last month, the government brokered a takeover of HBOS Plc, Britain’s largest mortgage lender, and seized control of Bradford & Bingley’s mortgage division.

Read Full Article Here

 

Austria Witnesses New Gold Rush

BBC
October 12, 2008

The financial crisis is prompting people to look for safer forms of investment than stocks and shares.

The interest in gold coins is so great that many of the world’s major mints are struggling to keep up with demand, including the Austrian Mint, which produces the Vienna Philharmonic – one of the best-selling bullion coins worldwide.

Sales of Vienna Philharmonic gold coins have gone up by more than 230% since last year.

Kerry Tattersall, the director of marketing at the mint, says production has gone into overdrive.

“We are running at present something like three shifts on all of the machines, on the presses, producing both gold and the silver bullion coins.

Read Full Article Here

 

Central banks all but stop lending gold

Javier Blas
Financial Times
October 8, 2008

Central banks have all but stopped lending gold to commercial and investment banks and other participants in the precious metals market, in a move that on Tuesday sent the cost of borrowing bullion for one-month to more than twenty times its usual level.

The one-month gold lease rate rocketed to 2.649 per cent, its highest level since May 2001 and significantly above its five-year average of 0.12 per cent, according to data from the London Bullion Market Association.

Gold lease rates for two, three, and six months and for a year also jumped to levels not seen in the last seven years.

Traders said the jump reflects the fact that central banks — mostly European — have almost completely stopped lending gold in the last few days and are not rolling forward old leases after maturity. This is because of fears that some borrowers might not repay their bullion loans if they are engulfed by the financial crisis.

“A number of central banks have been cutting back on their gold lending,” said Tom Kendall, a precious metals strategist at Mitsubishi in London.

John Reade, a commodities strategist at UBS, added that there had been a lot of talk about some central banks being unwilling to lend their gold because of a redoubled focus on the risk of borrowers not returning it.

Read Full Article Here

Bullion Shortage and Spot Prices Tell Two Different Gold Stories
http://seekingalpha.com/article/99680-..ces-tell-two-different-gold-stories

Blatant Banker Manipulation Of Gold Prices
http://www.prisonplanet.com/blatant-banker-manipulation-of-gold-prices.html

No Mass Mania for Gold Yet – Less than 1% of Public in Western World Have Invested in Gold
http://news.goldseek.com/GoldSeek/1224161100.php

Spot Gold Price Is Now Meaningless
http://www.istockanalyst.com/article/viewarticle%2Barticleid_2713209.html

Gold expected to rally above $1000 in Q1 2009
http://network.nationalpost.com/np/b..o-rally-above-1000-in-q1-2009.aspx

What the Pros Say: All that Glitters is Gold
http://www.cnbc.com/id/27095525

Kiener: Gold Prices To Double On Paper Market Default
http://www.prisonplanet.com/kiener-..o-double-on-paper-market-default.html

 



Top contributors to Obama and McCain are big banks

Top contributors to Obama and McCain are big banks

 



U.S. Banking Collapse Was Like Controlled Demolition on 9/11

U.S. Banking Collapse Was Like Controlled Demolition on 9/11

http://www.youtube.com/watch?v=sS65bA4kKVE

 



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”

 



Bailout Bill Fails But May Revive And Pass Anyways

Bailout Bill Fails But May Revive And Pass Anyways

Bloomberg
September 30, 2008

The U.S. Senate will try to salvage a $700 billion financial-rescue package after the measure was defeated in the House of Representatives. The lawmakers won’t have a lot of room to negotiate.

While the legislation will need to be tweaked enough to win over reluctant House Republicans, the lawmakers will risk losing votes from Democrats if they veer too far from the delicate compromise that congressional leaders hammered out with the U.S. Treasury.

“They’re not going to totally revamp the bill,’’ said Pete Davis, president of Davis Capital Investment Ideas in Washington, who spoke to House and Senate leaders yesterday. “They’ll make some minor changes and pass it. This is all about political cover.’’

Read Full Article Here

 

Kudlow Schooled: ‘You’ve Become A Socialist – Your Version Of Socialism Is To Bail Out The Rich’

 

Paulson: King Paulson or Convict Paulson

Recent News:

Bank of America to close credit cards for approximately 60% of customers? (by Oct 1)
http://mparent7777-1.livejournal.com/1933222.html

House Clears $25 Billion For Carmakers
http://www.ft.com/cms/s/0/83bfe68c-8a8f-11dd-a76a-0000779fd18c.html

Home builders will ask for $90 billion bailout
http://money.cnn.com/2008/09..ion=2008092608

I’ve watched the economy for 30 years. Now I’m truly scared
http://www.guardian.co…/globaleconomy.creditcrunch

Treasury explains how it came up with $700 billion: We just wanted ‘a really large number.’
http://thinkprogress.org/2008/09/24/treasury-large-number/

Stocks rallied a day after failed $700B wallstreet bailout
http://money.cnn.com/2008..?postversion=2008093009

US will lose superpower status, claims German minister
http://www.telegraph.co.uk/finance/..-superpower-status-crows-Germany.html

$1 Quadrillion of Unregulated Debt At Core of Coming Derivatives Crisis
http://www.americanfreepress.net/html/coming_derivatives_crisis_150.html

China Banks Told To Stop Lending To U.S. Banks
http://www.reuters.com..PEK16693720080925

Refusing Dollar as “World Currency” Inevitable
http://capital.trendaz.com/index.shtml?show=news&newsid=1304435〈=EN

U.S. Heading for Slump, With or Without Bailout
http://www.bloomberg.com/apps/news..efer=home

Putin Promises $50Bln For Banks
http://www.themoscowtimes.com/article/1010/42/371301.htm

Dexia bank gets multi-nation $9.2B bailout
http://biz.yahoo.com/ap/080930/eu_belgium_dexia.html

Home Prices in 20 U.S. Cities Declined 16.3% in July
http://www.bloomberg.com/apps/news?.d=aEyKpTpk90C0&refer=us

Rothschilds and the Bank of England Own The Federal Reserve (JP Morgan, Rockefeller, Lehman Brothers, Warburg)
http://newsfromthewest.blogspot.com/2008/05/who-owns-federal-reserve.html

Chavez says U.S. can’t fix financial crisis
http://www.reuters.com/article/marketsNews/idUSLQ4692420080926

The Hanky Panky Banking Bailout Bill
Rep. Kaptur responds to Bush’s address on failed bailout bill
RBS will get ‘billions’ in US bail-out of economy
Jobless Claims Pushed To 7-Year High
Dow Drops 777 Points
680% Inflation?
Nasdaq tanks, down 6%
California Home Prices Drop Record 41% Amid Defaults
Rumors Trigger Bank Run In Hong Kong
New Home Sales Plunged 11.5% to 17-Year Low
Wachovia Stock Sinks On WaMu News

U.S. Economy Collapse News Archive