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FDA Approves Melamine In U.S. Food, Claims It’s Not Harmful

FDA Approves Melamine In U.S. Food, Claims It’s Not Harmful

AP
October 4, 2008

http://www.youtube.com/watch?v=FuZRtlj7Mhs

Eating a tiny bit of a melamine, the chemical responsible for a global food safety scare, is not harmful except when it’s in baby formula, U.S. food safety officials said Friday.

Melamine-tainted formula has sickened more than 54,000 children in China and is being blamed for the deaths of at least four tots. The chemical has also turned up in products sold across Asia, ranging from candies, to chocolates, to coffee drinks, that used dairy ingredients from China. Authorities in California and Connecticut have found melamine in White Rabbit candies imported from China.

Read Full Article Here

 

FDA Conspired with Chemical Industry to Declare Bisphenol-A Harmless

Mike Adams
Natural News
October 24, 2008

The FDA has been caught red-handed conspiring with the chemical industry to conclude that Bisphenol-A, the plastics chemical, is harmless to human health. As revealed by the Environmental Working Group (see below), the FDA based its evaluation of BPA on a report authored by the American Chemistry Council (ACC), a trade group that represents chemical companies and plastics manufacturers.

The FDA’s evaluation concluded that BPA was perfectly safe for consumers of any age, including infants. This conclusion stands in direct opposition to the Canadian government, which declared BPA to be a toxic chemical on Oct. 18 and moved towards banning the chemical in baby bottles.

Even the U.S. National Institutes of Health says BPA may be dangerous, admitting it is concerned about BPA’s “effects on development of the prostate gland and brain and for behavioral effects in fetuses, infants and children.”

How the FDA conspires with industry

The FDA, however, has never met a corporate-sponsored chemical it didn’t like. Thanks to industry pressure, the FDA has once again stepped to the tune of private industry while betraying the safety of the American consumer. This decision on BPA is the latest example of why the FDA has become an enormous threat to the health and safety of the American people.

Two days ago, NaturalNews reported the FDA’s masterminding of an extortion racket that targets small health supplement companies and threatens their owners with imprisonment if they don’t pay huge sums of money to FDA contractors (http://www.naturalnews.com/024567.html).

It is now clear to most independent observers that the FDA is operating a criminal protect racket that seeks to multiply the profits of drug companies and chemical companies while betraying the health and safety of the American people. FDA decision boards are routinely stacked with “experts” who are on the take from the corporations impacted by their decisions, and even while the FDA is giving the big thumbs up to deadly pharmaceuticals and cancer-causing chemicals, it is targeting health supplement companies with threats so severe they would be considered criminal if uttered by anyone else.

Thanks to the FDA, it remains illegal in the United States to even link to a scientific study on the health benefits of cherries if you happen to sell cherries. Telling the truth about anti-cancer herbs can land you in prison, and placing a customer testimonial on your health product website can earn you a visit from FDA agents accompanied by armed SWAT-style assault teams (http://www.naturalnews.com/021791.html).

The FDA, it seems, has turned reality upside down and is now telling us that all the poisons are safe while all the natural substances are dangerous. Consider this:

According to the FDA:

• Aspartame is perfectly safe, but stevia is too dangerous to use in foods

• Vioxx is perfectly safe, but cherries are too dangerous to treat arthritis pain

• Chemotherapy is safe enough for everyone, but anti-cancer herbs might poison you

• Vaccines are so safe that we should inject all our teenage girls with them, but Vitamin D has no biological benefit whatsoever and has no effect on preventing infections

• Bisphenol-A is safe enough for babies to drink, but human breast milk is dangerous and outlawed from being sold

The FDA: Harming babies for profit

The number of babies that have been harmed or killed by the FDA is beyond accounting. This agency, through its outright abandonment of its duty to protect the People, has established itself as the single most dangerous organization operating on U.S. soil, far exceeding the harm posed by criminal gangs, white-collar criminals or even terrorist cells.

Read Full Article Here

FDA Running Extortion Racket: Natural Supplement Companies Threatened with Arrest if They Don’t Pay Up
http://www.naturalnews.com/024567.html

FDA Covers-up Big Pharma’s Pills Contaminated With Machine Particles
http://www.naturalnews.com/024625.html

 



Taiwan suggests SARS a China warfare plot

Taiwan suggests SARS a China warfare plot

Ralph Jennings
Reuters
October 7, 2008

Taiwan legislators wearing surgical masks and displaying banners with a skull and crossbones took over parliament’s floor on Tuesday after the island’s security chief accused China of starting the global SARS epidemic six years ago as part of a biological warfare campaign.

Taiwan National Security Bureau Director-General Tsai Chao-ming told a legislative committee on Monday that sources in China suspected biological warfare, but that conclusive evidence had not surfaced.

Severe Acute Respiratory Syndrome originated in southern China in 2002 and went on to kill hundreds of people around the world — including about 350 in China — bringing Asian tourism and air industries almost to a halt.

An initial cover-up of the epidemic led to the sacking of Beijing’s mayor and the health minister — and to scores of conspiracy theories about the origin of the virus.

“In the 2003 SARS period, there were deaths and injuries, and in addition China hid the patient count, causing panic in people’s hearts,” the security bureau said in a statement.

Read Full Article Here

 



Relative of Merrill Lynch Founder Predicts Stock Market Crash


Relative of Merrill Lynch Founder Predicts Stock Market Crash


Kerri Panchuk
DSNews
October 30, 2007

In a market where fears over the subprime shakedown are spreading pessimism nationwide, Charles Merrill, the cousin of the man who founded Merrill Lynch & Co., is predicting a stock market crash that will put the 1929 crash to shame.

Merrill, in an exclusive interview with a financial author, said, “There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it.”

Merrill also discussed all the changes at Merrill Lynch that indicate a potential market crises—even alluding to the company’s chief executive officer, who stepped down this week.

“Merrill Lynch is crashing, due to the ineptness of the CEO,” Merrill said. “No matter who is running Merrill Lynch & Co., it’s going to need a regimen of restraint and recuperation after getting badly bruised by the global credit market shakedown. I predict a house of dominos, and the whole stock market is going to crash.”

Lynch’s less-than-encouraging remarks were part of an interview with writer Michael Grace, who is writing a book called, “The Final Great Depression.”

During the interview, Merrill concluded, “There is so much wealth in Palm Springs … from inherited to funny money, and I’m advising my friends to buy gold. Grace’s book on the ‘final depression’ sounds like a novel or fantasy but unfortunately it is a picture of our horrible future here in America. My cousin Charlie must be turning over in his grave.”

 

Oil Crisis in Summer ’09: War in Iran. Gasoline rationing. A military draft. A Chinese takeover of Taiwan. Double-digit inflation and unemployment

Herald Tribune
November 2, 2007

WASHINGTON: War in Iran. Gasoline rationing. A military draft. A Chinese takeover of Taiwan. Double-digit inflation and unemployment. The draining of the strategic petroleum reserve.

This is where current energy policy is going in the United States, according to a nightmare scenario played out as a policy-making exercise on Thursday by a group of former top government officials.

Two bipartisan business-supported groups sponsored an elaborately staged role-playing game called Oil ShockWave that tried to dramatize the effect of American dependence on oil imported from unstable and unfriendly parts of the world.

The organizers have an agenda: They hope to prompt Congress to act on energy legislation and to push the issue into the presidential campaign.

Read Full Article Here

 

CDS traders warn of ‘blood on streets’

BBC
October 27, 2007

The mood in credit derivatives markets turned ugly on Thursday, with the cost of insuring corporate debt hitting multi-week highs on both sides of the Atlantic.

Speculation was rife that leading major investment banks were facing additional losses linked to complex mortgage-backed securities, while worries mounted over the health of major financial guarantors.

“It’s scary out there — there’s blood on the streets,” a trader at a US brokerage said. “It’s a real mess.”

In the US, the perceived risk of owning corporate debt jumped to a seven-week high, with the cost to insure a $10m portfolio of investment-grade debt reaching $67,000, data from Phoenix Partners Group showed.

Confidence in Citigroup and Merrill Lynch, as measured by their credit default swaps, slumped to lows not seen since the height of the credit squeeze in August.

Five-year credit default swaps tied to Citigroup widened to 60 basis points, meaning it cost $60,000 annually to insure Citigroup’s debt against default for five years. A couple of weeks ago, that figure stood at $27,000.

Contracts on Merrill Lynch, which last week posted the largest quarterly loss in its 93-year history, rose $18,000 to $103,000. CDS on UBS rose 10bp to 51bp, Deutsche Bank said. The contracts stood at about 6bp in May. Contracts on Credit Suisse rose 4bp to 52bp from 10bp in June.

Bond insurers, or monolines, were also hit hard.

“[These triple-A rated companies are] exposed to the crumbling housing market,” said Gavan Nolan, an analyst at derivatives data provider Markit. “Investors in monolines will be waiting for the coming months of housing data with trepidation,” Mr Nolan said.

CDS on MBIA Insurance rocketed to a four-year high, of 345bp, CMA Datavision said.

Last week the insurer posted $36.6m net loss and halted its share buy-back programme.

Contracts on the bond insurance unit of Ambac Financial climbed to a five-year high of 310bp.

Gimme Credit, an independent research term, downgraded both MBIA and Ambac this week.

In Europe, the iTraxx Crossover index of 50 mostly high-yield companies widened by 18 bp to 338bp, the biggest rise since August, according to Deutsche Bank data.

The iTraxx Europe index, which tracks 125 investment-grade companies, rose 3.75bp to 41bp. It was the biggest one-day jump since early September.

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Central banks flooded the world with cheap money for years, helping the rich get richer. Now inflation is on the horizon, threatening to make the poor even poorer.
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Foreclosures almost doubled from ’06: report
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U.S. Economic Collapse News Archive

 



China’s Ultimatum: Let Us Invade Taiwan Or We’ll Dump The Dollar


China’s Ultimatum: Let Us Invade Taiwan Or We’ll Dump The Dollar

Financial analyst says China could use huge dollar reserves as blackmail for beefing superpower status

Paul Joseph Watson
Prison Planet
September 19, 2007

The Fed’s decision to cut interest rates again is likely to send the dollar tumbling to historic new lows, leading one financial analyst to predict that China’s fury at the devaluation of its huge dollar reserves will provoke them into giving the U.S. government a terse ultimatum – let us invade Taiwan unopposed or we’ll dump the dollar and bring about economic chaos.

China holds $1.3 trillion of dollar denominated assets and leading Communist Party officials have repeatedly threatened to use what the London Telegraph referred to as “the nuclear option,” the liquidation of US treasuries if Washington imposes trade sanctions to force a yuan revaluation, the result of which would be an almost certain and immediate collapse of the dollar.

But according to Greg Zanetti of the Financial Network, an advisor for the McDonalds franchise, China may also be using economic threats as a means of greasing the skids for the unopposed invasion of Taiwan.

“So what is the end game?” writes Zanetti. “Well, there is now conjecture that China may willingly take the huge financial hit from the falling dollar… provided we don’t interfere with their claims to Taiwan.”

“Their argument would be they acquired Hong Kong peacefully and that the envelopment of Taiwan would just be the finale of a 70 year civil war.”

“Their gamble would be that Americans would not fall on their swords for Taiwan. Of course, if we agree to such a deal we have (for all intents and purposes) ceded regional hegemony to China. They would be considered the Asian power and we would begin our retreat as a global power.”

Under the 1979 Taiwan Relations Act, the United States is mandated to provide support to Taiwan in the event of any hostile trade embargoes or military invasion on behalf of China.

The fact that the U.S. government, with the help of Alan Greenspan, have done their utmost to bring about a slow-paced economic meltdown by continually bad-mouthing the dollar suggests they would want to avoid the rapid decline that would be triggered if the Chinese were to dump their assets.

Though public sentiment in China and the majority of analysts think a Chinese invasion of Taiwan is unlikely, any warming of relations between Taiwan and the U.S. is usually subject to vocal rebuke.

Earlier this year, Chinese government leaders threatened to plan new war games and heighten military readiness in anticipation of any attempt by the U.S. to defend Taiwan should a Chinese invasion occur, or simply if Taiwan declares its independence, after President Bush shook hands with Taiwan’s representative to the United States, Joseph Wu.