"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Showing posts with label failed state. Show all posts
Showing posts with label failed state. Show all posts

Tuesday, March 03, 2009

UK Ex Ambasador / ex FCO xplains how Ministers sanctioned torture - OK if e don't use it as evidence ina court of law - othewise fine and dandy


This is a memo to Craig Murray http://www.craigmurray.org.uk/documents/Wood.pdf . you are advised to read the succinct , clear evidence about how Ministers (especiallly Jack Sraw) have consistently lied about participation in torture by the UK.Craig's blog 2nd March 2009 How Hard for the Truth to be Heard .... ain't that a fact.

Wednesday, November 26, 2008

Kennedy, the Fed, EO 11110 and simply doubling the money in circulation


Few people know and less remember that on June 4th 1963 President John Kenndy before his brain was air conditioned in Dallas signed an Executive Order :

Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289
AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY

By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended-
By adding at the end of paragraph 1 thereof the following subparagraph (j):

(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption
and --
Byrevoking subparagraphs (b) and (c) of paragraph 2 thereof.
Sec. 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

John F. Kennedy The White House, June 4, 1963.

It appears that this EO has never been revoked but since Lyndon Johnson took over after Kennedy's asssination has been totally been ignored. A number of "Kennedy bills" were indeed issued with the heading "United States Note" (see pic - note red ink) - but they were quickly withdrawn after Kennedy's death.

One source says .." As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated"

This is seen by many students of the curious nature of the Federal Reserve as a swipe at Fed and it's powers... as explained here

The "Federal Reserve System" is a network of 12 central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves.

Privately-owned banks own the stock of the Fed. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said:

Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors.

Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks - these privately owned banks actually issue money:
The Federal Reserve Act was a law which created Federal Reserve banks to act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks and is administered by Federal Reserve Board. President Wilson's signed it on December 23, 1913.

This is what he said subsequently ..

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, (pdf - essential reading) at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED (para 47)is: "The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them". Any one person or any closely knit group who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is exactly what the privately owned FED is! "

Do read this clear simple analysis of what the Fed is and how it acts.

The Fed moves to buy up debt today

The Fed pledged today ( announcement was released at 8:15 a.m. ET )to purchase up to US$500 Bn. in so-called agency debt as well as up to US$100 Bn. in direct debt of Fannie Mae and Freddie Mac, the world’s two largest mortgage buyers, and Federal Home Loan Banks. The
Fed also said it would set up a $200 billion program to support consumer and small-business loans. They call this in the bewildering world of credit crunching programs - the Term Asset-Backed Securities Loan Facility (TALF). (Terms & Conditions pdf)

Together, the programs almost match the $864 billion of U.S. currency in circulation, as reported by the Fed in a Nov. 20 statement.

Whilst mortgage rates quote dropped from say 6.5% to as low as 5.25% the biggest drag on house sales in the US is the unsold stock.

In 2005 this stock was equal to 4.5 months sales, in 2007, the supply averaged 8.9 months - it was 10 months in September 2008 and according to the National Association of Realtors said in a Nov. 24 report 10.2 months. In 2007, the supply averaged 8.9 months, almost double the 4.5 months in 2005, the end of a five-year housing boom.

Together, the programs almost match the $864 billion of U.S. currency in circulation, as reported by the Fed in a Nov. 20 statement.




These guys don't fuck about when you cross them ...

Tuesday, January 29, 2008

German combat forces get ready to invade Afghanistan

German Chancellor Angela Merkel has, very sensibly not visited Afghanistan recently, but she was in Kabul in November shortly after the Bundestag renewed the mandate for 3,500 German troops in Afghanistan, combining two previous mandates.

Some 3,000 Bundeswehr troops are currently deployed in a strictly non-combat , training, reconstruction and security role in the relatively peaceful north under the NATO-led International Security Assistance Force (ISAF) . There are also 6 German Tornado reconnaissance jets and their back-up units based in the country although it doesn't appear they get to bomb anything or anybody...yet.

But German Defense Minister Franz Josef Jung, swept through Kabul yesterday meeting President Hamid Karzai and Defense Minister Gen. Abdul Rahim Wardak He also stopped for a chat with ISAF commander Dan McNeill.

NATO has formally asked for up to 250 German soldiers to take over from the Norwegian Quick Reaction Force, in N. Afghanistan and is due to end its mission at the beginning of the summer and all the signs are that a decision to ready German troops for combat (the first time since WWII) had already been made.

In an interview with Der Spiegel in September McNeill had politely danced around Germany's contribution to NATO forces..



"Some governments, and I'm not talking about Germany specifically, find it easier to accommodate their constituency if they impose certain caveats, certain restrictions, on the forces they contribute to this effort, such as that they can only be deployed in certain areas. These restrictions make things difficult for me as ISAF commander. "
Ahead of the decision to beef up the Bundeswehr presence Mc Neill takes a hard headed approach to the international view of the Taliban and dscribes them in robust and bloodcurdling terms ..." These people kill more civilians than any force amongst the Alliance or the Afghan army. They are hard core extremists. They behead people that don't agree with their positions."

Which overlooks the massive aerial bombardment , and long distance shelling, by coalition / ISAF air forces which produces a long litany of missed targets, friendly fire, and disputed deaths, women, children, burnt out compounds, smashed mosques.

It is an impression that is very much at odds with the one presented by the President in his State of the Union message .." Afghanistan" , he described "a nation that was once a safe haven for al Qaeda" as "a young democracy where boys and girls are going to school, new roads and hospitals are being built, and people are looking to the future with new hope." (See also "he didn't mention the violence that has killed 147 students and teachers, and closed 590 schools in the last year." )

Having said that , he went of to sign a bill (H.R. 1585) prohibiting the Pentagon from selling leftover F-14 Tomcat fighter jet parts - the only country flying and buying F -14's - Iran. They ( and canny Chiese buyers) had been exploiting a loophole in military sales .. parts for Chinooks as well as Tomcats also found their way to Teheran, equipment bought in the heady days in the 70's when the Shah was the US's stooge.

This might of course add fuel to the argument that as Bush winds down the Presidency he has taken his eye off the ball... for example USAF ISAF air forces burn 575,000 gallons of fuel per day in Afghanistan (an F-16 Fighting Falcon, takes roughly 1,000 gallons of fuel per service) of which 80% comes from Pakistan refineries. Without this they have to rely on a a lengthy and precarious logistics line that extends more than 1,000 miles from northern Baku, Azerbaijan and Turkmenistan. e.g. From the 25th January 2008 Airpower Summary On Jan. 24, U.S. Air Force and RAF aerial refueling crews flew 42 sorties and off-loaded approximately 2.9 million pounds of fuel ( 1 US gallon = 6 lbs = 480,000 gals ) to 231 receiving aircraft.... and without the "close air support" the troops, be they German, British or US are fucked.

Wednesday, May 30, 2007

Baghdad is a smashed city

Baghdad is a smashed city / Dahr Jamail / Tuesday, 29 May 2007
Atlantic Free Press

Below is an email I have just received from my close friend and translator Abu Talat....

Habibi…

Baghdad is a SMASHED city… no roads to drive on… most of them are closed off by concrete obstacles with concertina wire. In addition, the presence of the Iraqi military, who cover their faces with black masks and hold their guns in such a way that when you see them you will definitely be afraid that they will shoot you.

The shops in most of the area I went to see are closed. I asked one of the shop owners I know, 55-year-old Abu Fadhil, since I heard that his shop was robbed. I found his door closed and locked and he was nowhere to be found.

Later, on my way to Sadr City, I found that two of the three roads which lead all the way from south to north Baghdad are either partially or totally closed in some places. You still remember the highways in Baghdad… well now most of them are closed, or at least fenced off with obstacles, yet they say there is some progress in the security situation inside the city! Everyday two or three cars explode across Baghdad, killing big numbers of civilians.

When I returned to my neighborhood of al-Adhamiya, I couldn’t get in unless the soldiers checked my ID and my car, even though the guards are from the same neighborhood and they know me personally. But they had to check it to ensure that no car bombs might happen. Nevertheless, daily mortars shell my neighborhood and those are out of control, despite this concrete wall placed by the Americans which now surrounds our neighborhood. Despite all that they do, they cannot bring security to our small neighborhood.

Needless to say, Baghdad has been changed into THE CITY OF GARBAGE. You can find it everywhere. You can smell the stench of dead bodies wherever you go.

Talking of electricity, there is now only one hour daily. That’s it. From where we’re staying in the city center, in Bab al-Muadham, I can see from the balcony that people sleep nearly naked on their rooftops because it is so hot and there is no electricity to run fans or air conditioners. Thank God that there are two large generators that maintain electricity in our building.

Everyday by 2-3 pm the buildings where we are staying are closed so that no one can leave or enter. That way it is kept secure, and this is how it remains until the next morning.

As far as my family life in this condition, we are as though we are in jail from 2-3 pm until the second morning where the doors are opened at 7 am.

My son goes to the hospital to work, but for the last two days he finds it without any running water. [His son works in Baghdad Medical City, the largest hospital in Iraq] For the last 2 weeks, as he told me, the hospital has been without any air conditioning and almost without patients, although it’s the biggest hospital in Iraq.

My son's wife, who is also a doctor, has to go to another hospital just to try to assist since there is a drastic lack of Gynecologists. She stays in her hospital for three days continuously before my son picks her up with his car on the fourth day to bring her home, in order to insure her safety so she doesn’t have to take a bus or taxi.

As for my daughter, she has not passed out the doorway of this apartment where we are staying for the last week except for one time for some work she had to accomplish.

My wife left here only once, when she went to her job (which she has been on leave from since we left to Syria) in order to apply for a full year vacation. Thank God she got it.

As for me, I found my car ruined, so I had to repair it. For that I called the mechanic to come to my home and repair it, since I couldn’t take the car to him since all the mechanics shops are closed and there is no place to have a car repaired. All of those shops are totally closed.

When I saw the mechanic he said, “We cannot live anymore, and there is no job we can find.”

Dahr, this short letter gives you just a glance of the current situation in Baghdad. With the next letter I will tell you some more.


Can someone explain the continuing silence of politicians, community leaders, religious leaders to the plight of the Iraqi's - we have endless news of kidnapped Soldiers of Misfortune but nothing about the collapse of a civilised nation.

Why is there silence ? Is there no-one with a conscience ... and a voice ?

Pic

A boy sits in the rubble of his destroyed home the day after the May 29th truck bombing of the Mosque and Husseiniyah in al-Amil (southwest Baghdad). Bodies are still being dug from the collapsed buildings and according to hospital spokesemen the death count from the attack is still rising as seriously wounded people brought to hospitals yesterday die of their wounds.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish