Thai Premier Declares Martial Law to Control Protests
Thai Prime Minister Abhisit Vejjajiva declared martial law in the capital after protesters stormed parliament, testing the army’s willingness to break up four weeks of mostly peaceful demonstrations.
Deadly Riots in Kyrgyzstan: Coming to America Soon
Riots against the corrupt government in Kyrgyzstan have resulted in more than a hundred dead people. In Bishkek, the nation’s capitol, thousands of protesters stormed the main government building, set fire to the prosecutor’s office and looted state TV headquarters. Government officials were seriously beaten and reported killed.
Los Angeles Is About To Go Bust
El Erian Explains Why Greece Is The Starter's Pistol Of The Sovereign Debt Meltdown
Mohamed El-Erian of PIMCO blasted a warning in this morning's Financial Times on the continuing European sovereign debt crisis.
Greece is still a shambles because no one is willing to lead on the EU-IMF plan, according to El-Erian.
And he says game theory explains it all.
Spending on Afghanistan War to Leap to £5 Billion per Year
Despite massive budget cuts to services for British people at home, the criminal gang of Labour and Tory warmongers, who have plunged Britain into the immoral Afghanistan war, have approved an increase in spending on that war to £5 billion per year
Britain’s Borders Left Open as UK Border Agency Faces 30% Cut — while Foreign Aid Budget Hits 45-Year High
Britain’s border policing agency has been told to cut up to a third of its staff “due to budgetary constraints” — as new figures show that the Tory/Labour-supported foreign aid budget is at its highest level in 45 years.
The Latest Gold Fraud Bombshell: Canada's Only Bullion Bank Gold Vault Is Practically Empty
Continuing on the trail of exposing what is rapidly becoming one of the largest frauds in commodity markets history is the most recent interview by Eric King with GATA's Adrian Douglas, Harvey Orgen (who recently testified before the CFTC hearing) and his son, Lenny, in which the two discuss their visit to the only bullion bank vault in Canada, that of ScotiaMocatta, located at 40 King Street West in Toronto, and find the vault is practically empty
Ruling threatens an ‘open’ Internet
Broadband providers can restrict access, add fees, court tells FCC
Wednesday, 7 April 2010
Small army to protect Toronto during G20 summit
Number of security personnel expected to exceed those at the Vancouver Olympics
Posted by The Network at 20:37 0 comments
Tomato genes act as IEDs on cancer
Researchers at Lund University in Sweden say that tomato genes appear to be an effective agent against cancer cells, according to Sydsvenskan.
Radiation use may raise adult cancer risk
Women’s risk of developing breast cancer may increase as much as 20-fold if they were treated with chest radiation for malignancies as children or young adults, according to an analysis of studies.
FDA suppressed scan safety fears, staffer says
A former Food and Drug Administration scientist said Tuesday his job was eliminated after he raised concerns about the risks of radiation exposure from high-grade medical scanning.
Crackdown on MOT-style body scans
Companies have been told to stop offering whole body and lung scans under a new regulation regime.
Stillborn baby put in cupboard
A STILLBORN baby was kept in a dirty utilities cupboard alongside used bed pans and dustbins at Nambour General Hospital.
Climategate’s culture
British MPs are concerned about the way climate scientists have worked, but not about their results
Chocolate 'can cut blood pressure and help heart' Easter eggs and other chocolate can be good for you, as long as you eat only small amounts, latest research suggests.
Teachers can use physical restraint, says Ed Balls
Teachers must not be afraid to use physical force to break up playground fights and should march disruptive pupils out of the classroom, the schools secretary said today.
NHS cash has not gone where you might think
Received wisdom is that the bulk of the NHS's budget, which will total £127bn in 2010-11, goes on staffing. In fact, the workforce accounts for significantly less than half
Northern lights captured on camera from Space
A photograph of aurora borealis, taken from inside the International Space Station (ISS), has been posted on twitter by astronaut Soichi Noguchi.
Jealous female birds drown out flirting males
Biologists have discovered that female birds change the way they sing to drown out their male partners and prevent them from flirting with other females.
Nut allergy children cured by new treatment
Children suffering from potentially lethal nut allergies can now live normal lives for the first time following the success of an experimental new treatment.
Missing link between man and apes found
The new species of hominid, the evolutionary branch of primates that includes humans, is to be revealed when the two-million-year-old skeleton of a child is unveiled this week.
Posted by Cynarae at 19:04 0 comments
Government cancels swine flu vaccine order
The government has struck a deal with the British drug giant GlaxoSmithKline to cancel part of its massive order for swine flu vaccine, it emerged today.
Stem cells can rescue the memory from Alzheimer's disease, claim scientists
Alzheimer's disease could eventually be reversed, claim scientists, after discovering that stem cells can "nurse" the brain back to health.
Posted by Cynarae at 18:18 0 comments
Great Power Rivalry. China's Role as America's Creditor
"From Export Juggernaut to a Credit Addict"
There's no doubt that China manipulates its currency to gain an unfair advantage over its competitors. There's also no doubt that Treasury Secretary Timothy Geithner will do everything in his power to avoid a confrontation with China's President Hu Jintao when he arrives in Washington in two weeks. That's why Geithner has decided to shelve Treasury's mandated currency manipulation report for the time-being and diffuse a potential imbroglio with Hu. But the Treasury Secretary's unwillingness to embarrass his guest, has angered members of congress who think the administration needs to take a tougher stand on China to protect American workers and U.S. exporters. Senators. Charles Schumer (NY-D) and Lindsey Graham (SC-R) are demanding that China be labeled a "currency manipulator" so that punitive action can be taken. That could lead a full-blown trade war with America's biggest creditor.
The US dollar is vulnerable because of a staggering public debt
Almost every day in almost any currency your purchasing power in terms of gold is less and less. Thus, these currencies in which you save the fruits of your labor are cheating you out of your savings.
The US dollar is vulnerable because of a staggering public debt
The US dollar is particularly vulnerable because of its staggering debt even though it is the world reserve currency. In fact the debt is so onerous that we believe the quality rating of the dollar could be lowered by the end of the year. Many other currencies face the same dilemma and in the final analysis only gold will be worth what it is today or in the future.
Micro Chipping in Animals: Dogs Suffer Cancer After ID Chipping
What Lessons for Humans?
Do implanted microchips cause cancer in dogs and cats?
That's the question owners are asking after highly aggressive tumors developed around the microchip implants of two dogs, killing one and leaving the other terminally ill.
The owners – and pathology and autopsy reports – suggest a link between the chips and formation of fast-growing cancers.
The Global Economic Crisis: Riots, Rebellion and Revolution
When Empire Hits Home, Part 3
As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal ‘austerity’ measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class – the lower class – and lose their social, political, and economic foundations, they will riot, rebel, and revolt.
(Parts 1 and 2 at source link)
Number of cars declines for the first time since Second World War
The number of cars on Britain's roads has fallen for the first time since the Second World War, industry figures have shown
State of emergency declared in Thailand
A state of emergency has been declared in Thailand after "red shirt" protesters stormed parliament and government ministers had to be airlifted to safety.
European bank levy could raise €50bn
The first details of a potential European Union bank tax were revealed yesterday, as proposals that could raise up to €50bn (£43.8bn) a year were unveiled
(One World Government sneaky plan-As a Global levy requires a Global regulatory body to oversee it)
Your Credit Card Is Spying on You
Visa knows if you’re going to get a divorce. It knows that you just moved and, most importantly, it knows if you’re going to miss a payment—maybe before you do.
Posted by The Network at 17:16 0 comments
Kyrgyzstan on the verge of revolution as protesters beat Cabinet minister to death
The former Soviet state of Kyrgyzstan is lurching towards revolution tonight as violence saw 18 people - including the country's Interior Minister - killed.
Snipers loyal to unpopular president Kurmanbek Bakiyev fired on protesters after tear gas and rubber bullets failed to disperse the opposition supporters in capital Bishkek
Ed Balls forced to ditch compulsory sex classes for teenagers in humiliating U-turn
Schools Secretary Ed Balls was today forced into a humiliating climbdown over controversial plans to make sex education compulsory for teenagers.
Mr Balls was forced to drop a string of proposals from his flagship Children, Schools and Families bill following fierce opposition from the Tories.
The measures to force all teenagers from the age of 15 upwards to receive sex education has been opposed by parenting and religious groups.
Magistrate ordered to pay £9,000 for illegally evicting Romanian tenant
A female magistrate’s reputation was today in tatters as she was ordered to pay £9,000 for attempting to unlawfully evict her Romanian tenant.
Bench Chairwoman Stephanie Lippiatt, a senior Justice of the Peace at Kingston-upon-Thames, stormed into the bedsit during a row over rent with 28-year-old Maria Percec and hurled her belongings down the stairs and into the front garden.
AA road rescue staff vote to strike for first time in 105 years
Company makes contingency plans to provide roadside assistance to 15 million members
Posted by The Network at 16:46 0 comments
Posted by Anonymous at 14:17 0 comments
Gender-bending chemicals 'triggering early puberty in girls and putting them at risk of diabetes and cancer'
Everyday 'gender-bending' chemicals may be triggering early puberty in girls
Gender-bending chemicals used in food cans, shower curtains and toys may be triggering early puberty in girls - and putting them at greater risk of cancer and diabetes, researchers say.
Domestic Assassination Of “Extremists” Likely By 2012
The stage is being set for the public acceptance of extremist assassinations in the U.S. and it could be by the year 2012.
Posted by The Network at 14:08 0 comments
The Great Chemical Dumbing Down
What have aspartame, compulsory schooling, toxic vaccines, fluoridation,
watching TV, and multiculturalism all have in common? Dr. Russell blaylock
accuses Industry and Government of dumbing down society with Chemical Toxins
Posted by The Network at 13:27 0 comments
Pound takes dive as fears grow over hung parliament
Sterling fell sharply today as opinion polls raised concerns about a hung parliament following the general election on 6 May.
British jobs for British workers...
Did you know that there are fewer British-born workers in the private sector than there were in 1997? I'd be surprised if so: these official figures are not released. The Spectator managed to get them, on request from the Office of National Statistics. And it puts new light on the boasts Gordon Brown has been making.
Equality Bill completes parliamentary process to become law
The Equality Bill last night completed the final stage of its passage through Parliament, and will now become law.
Employment tribunals set to increase by 370,000
Businesses face 370,000 extra employment tribunals over the next three years, raking up an additional cost of around £2.6bn
Pakistan is in pieces
American drones overhead, Taliban troops on the offensive, and the horrifying rise of child kidnapping – Pakistan is in pieces, writes Robert Fisk, in a devastating portrait of a country thwarted by violence and corruption
Sterling tumbles on decline in UK services
Sterling fell against the dollar today after new figures revealed Britain's dominant services sector expanded at a slower-than-expected pace in March after reaching a three-year high in February.
UK recovery set to slow, BCC warns
Confidence is returning to British businesses but weaknesses and risks of a serious economic setback remain, the British Chambers of Commerce (BCC) has warned
EU regulation has 'cost UK economy nearly €200bn'
A eurosceptic think tank says that EU regulation has cost the UK economy €199bn since 1998.
London-based Open Europe says this is roughly equivalent to the country's entire budget deficit.
Of this amount, it says €140bn, around 70 per cent, had its origin in EU legislation.
LABOUR SQUANDERING £1.7BN ON CONSULTANTS
SOARING Government spending on outside consultants has cost taxpayers more than £1.7billion in the past six years, it emerged yesterday
Posted by The Network at 10:39 0 comments
A huge earthquake has struck the Indonesian island of Sumatra, triggering blackouts, widespread panic and tsunami warnings.
The 7.8 magnitude quake, the second major temblor to hit the island in six months struck at 5.15 am local time (2215 GMT) 125 miles off the city of Sibolga, on Sumatra's north west coast, which was devastated in the 2004 Indian Ocean tsunami.
Buildings shook and residents of coastal cities fled to higher ground, and there were blackouts in Medan and Banda Acheh. However there were no reports of major damage or casualties and the tsunami warnings issed by the Indonesian Government and Thailand were lifted two hours later.
(Click link above to read more)
Posted by The Filthy Engineer at 10:22 0 comments
Tyranny Response Team Engages Gestapo Youth
SouthNewJerseyTRT — 03 April 2010 — All great tyrannies work at capturing the minds of the youth. No longer are our children going to be learning survival skills, camping and hunting abilities. Instead they will be training to police and control us.
These are the new Boy Scouts of America, black uniform wearing "authorities". Understand that this is what police states always do before they truly turn the entire system against the public at large. This also serves to condition you to accept roving SS styled police on the streets everywhere.
(Maybe Cameron has something similar in mind for his new 'Neighbourhood Army')
Posted by The Network at 09:51 0 comments
Posted by subrosa at 09:47 0 comments
Jobs ultimatum for 9,000 Cordia workers
Posted by subrosa at 09:42 0 comments
Mortgage costs down again as Post Office leads discount dash
Posted by subrosa at 09:38 0 comments
Posted by subrosa at 09:37 0 comments
IPCC watchdog under attack from MPs for using ‘police to investigate police’
The police complaints watchdog should stop employing retired officers to investigate the public’s concerns about their former forces.
Strikes: Now militant rail unions threaten national walkout on polling day
The polling-day strike would be humiliating for Prime Minister Gordon Brown
Militant rail unions are threatening to bring the country to a standstill in the run-up to the General Election - or even polling day itself.
General Election 2010: How your tax bills will change when votes are counted
Tax is shaping up to be one of the key battlegrounds in the general election
Labour forced to drop three stealth tax rises
Labour has been forced to abandon three stealth tax rises that Alistair Darling unveiled in last month’s Budget
Schools 'relentlessly centralised' under Labour
The impact of national tests on schools was criticised
England's education system has seen a relentless trend towards increased central control under Labour, a key Commons' comittee says.
Psychiatrists say that being angry is a mental illness
Proposed updates to the Diagnostic and Statistical Manual of Mental Disorders (DSM) are prompting many to question whether or not the psychiatric profession itself has gone crazy. The latest additions to the alleged "mentally ill" could include hoarders, people who get angry every now and again, lazy people, and even those who get outraged over things like sex and violence on television
Israel destroys Gaza dairy for second time
It was not a chemical plant, nor a nuclear facility, nor a manufacturer of weapons of mass destruction. But almost all the rubble of the entirely destroyed factory was covered in white, with white chunks everywhere. These were pieces of cheese, butter and yoghurt — some of the products made by the Dalloul dairy factory in southern Gaza City.
Posted by The Network at 09:10 0 comments
HOUSE AFTER POLICE BUST
PLANETFARGONE — 06 April 2010 — This is the state the pigs leave ur house if ur trying to grow ur own medicine,,,can u dig it;;(((
Creativity Is The Enemy
mrwashup — 06 April 2010 —If the UK Digital Economy Bill becomes law websites like YouTube could be blocked for showing content like this. Your internet could be disconnected on suspicion of illegal activity (like watching YouTube mashups such as this one). If you wanted to challenge that you'd have to pay to go to court!
Posted by The Network at 08:56 0 comments
LABOUR BIG GUNS WHO FACE HUMILIATING DEFEAT
THREE of Labour’s highest-profile MPs face humiliating defeat on May 6, triggering a polls savaging for Gordon Brown.
NURSE LOSES BID TO WEAR HER CRUCIFIX IN HOSPITAL
THE hospital nurse banned from wearing her crucifix at work was told in a legal ruling yesterday that the management was right.
Obama targets US citizen for kill or capture
The Obama administration has authorised the targeted killing of an American citizen in what is believed to be an unprecedented move in the war against terror.
Greece takes a pounding as doubts grow over rescue deal
A sudden sell-off in Greek sovereign bonds yesterday has pushed up the cost of borrowing for the embattled state to record levels, casting doubts on its ability to refinance up to €15 billion of debt over the next two months.
China Can't Shake Its Severe Drought And The Problem Has Gone Regional
China has been struggling to deal with severe drought in its southwest, which has now gone on for six months. Despite efforts to create artificial rain and divert water resources, the situation remains challenging.
Worse yet, it's not just China that is feeling the effects
TAX: £1,000 A YEAR BOMBSHELL IF BROWN WINS POLL
HOUSEHOLDS will be hit by a devastating £1,000-a-year tax bombshell if Gordon Brown wins the General Election, new figures revealed last night.
You Tube blocks viral spread of powerful Alex Jones’ Wikileaks video
As so often happens with controversial content, and especially videos showing military crimes, You Tube has blocked the viral spread of the powerful and damning Wikileaks video by imposing age verification and a required log-in.
Is It Just Us Or Have There Been Far Too Many Quakes Lately?
The Wall Street Journal has a great interactive graphic that sums up the quakes we've had so far in 2010. It shows that we've had 18 major earthquakes ranging from 4.0 to 8.8 on the Richter scale. The very recent Baja, California quake was 7.7.
In some places we been fortunate enough to see little damage, yet others are still suffering the economic consequences, such as in Haiti and to a far lesser extent Mexico and the U.S. right now.
Here's a snapshot of what we've seen so far.
Edible RFID microchip monitor can tell if you take your medicine
Researchers at the University of Florida have combined RFID, microchips and printed nano-particle antennas to make pills that communicate with cell phones or laptops to tell doctors whether patients are taking their medicine.
700 children die of hunger every day in Congo
Congolese officials say at least 700 children under the age of five are dying of hunger every day in the Democratic Republic of Congo.
General Election 2010: Markets nervous after opening political shots
Britain's business leaders have warned of a month of market volatility ahead of the General Election unless the political parties offer more coherent plans on cutting the £167bn deficit.
Global warming: Greenpeace's true crime
I don't really care if Greenpeace knows where I live. And, although I think it stupid and sad that they would publish a nonsensical report that invents a 'climate denial machine' (that basically consists of dusty Republican think tanks that haven't influenced policy in decades), it's not the end of the world.
But on Thursday, Great Britain will decide (they have the deciding vote) whether or not the World Bank will fund the construction of a coal plant in South Africa.
Posted by The Network at 08:25 0 comments
Goodbye Paper Money: Does It Mean More Ways for the Banks to Screw Us?
The spiral of economic calculation is dizzying, when you factor in inscrutable fees and other invisible transactions banks attach to the light-speed movement of our money.
Welcome to the False Recovery
The one economic indicator that seems to point toward long-term hope for businesses is the increase in the U.S. household savings rate—the portion of income that wage earners aren’t spending. Savings were close to nil until the economic collapse but have been rising ever since. As of this writing, the rate stands at about 4.8%. Economists and business leaders say this is a good sign, despite the short-term drag created by decreased spending. “I would feel more pessimistic if it were still 1%,” says Gregory W. Brown at the University of North Carolina’s Kenan-Flagler Business School. Friends of mine who run companies, both private and public, have expressed pretty much the same sentiment. A savings rate that’s even in the 6%-to-8% range is respectable. And if consumers don’t return to their old borrowing-and-buying habits, the argument goes, one day they’ll go out and spend all this saved-up cash, and businesses everywhere will reap the benefits.
But in fact, the rising savings rate is telling us something very different
How to Manufacture a Recovery
Last Friday the Bureau of Labor Statistics (BLS) announced that for the month of March, employers added 162,000 jobs. This would be fantastic news… if it were true.
Let’s have a look at these 162,000 jobs.
L.A. Controller Says City Could Run Out of Cash by May 5
Los Angeles is in deep trouble. The situation has gotten so grim that the city controller says L.A. to Run Out of Cash in a Month.
Unused swine flu doses leave taxpayers facing a £150m loss
Almost 30 million doses of swine flu vaccine ordered by the Government could go unused, at an estimated cost of up to £150 million to the taxpayer
'Wash up': Cider tax hike scrapped... after just a week
Ministers were last night forced into a series of humiliating U-turns as policies fell victim to the pre-election 'wash-up' in Parliament.
How £300million was squandered on swine flu jabs that we didn't need
Up to £300million of taxpayers' money has been wasted on swine flu jabs that were never needed.
The Mark of the New World Order
These current economic and social crises are leading to a global, financial "melt down" that the powerful global elite are using in order to establish a Global Financial Economic System
Euro Speeding Towards the Currency Graveyard
Between 1998 and 2002 I published several articles on how the just born euro currency would ultimately fail, resulting in the collapse of the European Monetary Union.
Posted by The Network at 07:59 0 comments
Tuesday, 6 April 2010
Gold Stands Its Ground
Gold prices continue to climb and John Licata, chief commodity strategist at Blue Phoenix Inc., says he sees reason to be optimistic about gold's future. In this exclusive interview with The Gold Report, John says that as inflationary pressures present themselves, gold prices will continue their upward move. He also sees silver, platinum and palladium as interesting plays for investors.
Posted by Corrugated Soundbite at 22:20 1 comments
U.S. Debt Crisis Startling Facts
FACT #1: The official national debt now stands at $12.68 trillion — an amount equal to about 88.5% of all the goods and services our economy produces in an entire year.
Continued...
Posted by Corrugated Soundbite at 22:18 0 comments
General Election: the only thing you won't hear in the next 30 days is the truth
At times such as this I am reminded of some words from Cardinal Newman: "We now have passed the Gate, and are within the House of Judgment." Yet one cannot make a sensible judgment without good information: and election campaigns are about assertion and not fact. Much of what you encounter in the next 30 days will be propaganda, and should be treated accordingly. Your intelligence will be insulted in a most insolent fashion. The truth will be kept from you on every possible occasion. Artifice will entirely overpower substance. No wonder so many of us long for May 7.
Posted by Corrugated Soundbite at 22:15 2 comments
More than a third of graduates are left without jobs after university
Over a third of graduates claimed jobseeker's allowance in the past year because of tough employment conditions, according to new figures.
A survey of 500 recent graduates found that only 6 per cent had found a graduate job, with two-thirds taking work just to pay bills.
Posted by Corrugated Soundbite at 22:09 0 comments
New tax year = more New Labour tax rises (06Apr10)
liarpoliticians — 06 April 2010 — Another tax year starts, and with it brings yet more tax rises to buy off New Labour's client state voters.
Recorded from BBC Breakfast, 06 April 2010.
Posted by Anonymous at 21:16 0 comments
Attack Video Reveals Why Pentagon Wanted To “Destroy” Wikileaks
Aggressive surveillance of whistleblowers prior to release of damning footage
Covering Up Civilian Deaths
The recent news brought reports of two incidents in two countries where US troops killed civilians and then lied to cover up the evidence. These are but the latest of a steady stream of lies from military and Pentagon sources about the killing of civilians.
Welcome to Obama's War
So finally the truth comes out...sort of.
After initially claiming that two pregnant women and a teenage girl killed in a US Special Forces raid on an Afghan home in Khataba in February had been discovered bound and slain by the Americans, the US military has admitted that they were actually shot and killed by those US troops--who then tried to cover up their “mistake” by carving the bullets out of the bodies with knives, removing other incriminating bullets from the compound’s walls, and then washing away the bloody evidence with alcohol.
Targeting Journalists in Iraq is Pentagon Policy
The Baghdad snuff video released by WikiLeaks has yet to receive much corporate media play. MSNBC, however, covered the video. In a discussion of the video, Brett McGurk of the Council on Foreign Relations and an NSC member for Bush and Obama, defended the mass murder episode. McGurk said the soldiers fired on journalists because they thought they saw an RPG launcher.
European Parliament: question on aircraft condensation trails which no longer only contain water
Subject: aircraft condensation trails which no longer only contain water but cause persistent milky veils, possibly due to the presence of barium, aluminium and iron
Is the U.S. on its way toward a Debt Disaster?
More than likely, and this will set the stage for the total demise of the dollar, which will usher in a world currency to replace the long-standing reserve currency status the U.S. has held. No matter how the Fed and Wall Street manipulate the markets with 'slight of hand' collaboration, backed by the approval of our current administration in order to mesmorize the American people into believing the economy is recovering - our AAA status will be downgraded, and along with it our way of life as a once prosperous nation!
Industries brace for peak water as peak oil hits
As though businesses didn't have enough on their plates dealing with peak oil in their strategic planning, production practices, and business models, now researchers from GlobeScan, after conducting a survey of 1,200 sustainability experts, have concluded that peak water is upon us and will worsen over the coming decade making every production process employed in creating the amenties of modern life more expensive
Organic Farmers Report Increasing GMO Contamination with Corn
A group of Midwest organic farmers is reporting increasingly higher levels of GMO contamination of organic corn, which is jeopardizing their ability to sell to organic grain buyers.
A spokesman for the group, which wishes to remain unidentified to protect their organic markets, says, "We're doing more testing and seeing increased low levels of GMO contamination."
Posted by The Network at 19:23 3 comments
Draconian' digital bill can cut off Internet in fight for copyright
Britain is hoping to put itself at the forefront of the fight against internet piracy. The Digital Economy Bill, which will be debated in parliament later on Tuesday, will give authorities the power to block pirate websites and cut people off from the Internet for file sharing. But protesters claim the measures are too extreme and threaten the very future of the web
Posted by The Network at 18:35 0 comments
UK MP: Web control bill a sledgehammer to crack small nut
British Labour MP Austin Mitchell in Westminster speaks out on the Digital Economy Bill, which could give authorities the power to block pirate websites and cut people off from the Internet for file sharing.
Posted by The Network at 18:29 0 comments
Pensioners could be forced to show ID for bus travel
Pensioners could be forced to carry identity cards to qualify for free bus travel, a Government minister has said
(Papiere bitten!)
Posted by The Network at 15:56 3 comments
Airline passenger conversations to be monitored under EU project
Airline passengers could have their conversations and movements monitored under a European Union project aimed at tackling terrorism.
Posted by The Network at 15:42 0 comments
Collateral Pentagon
"We've shot an amazing number of people and killed a number and, to my knowledge, none has proven to have been a real threat to the force."
That was General Stanley McChrystal, supreme commander of United States forces in Afghanistan, late last month - during one of the virtual "town hall" meetings held with US troops every two weeks, as reported in the New York Times.
McChrystal added, "To my knowledge, in the nine-plus months I've been here, not a single case where we have engaged in an escalation of force incident and hurt someone has it turned out that the vehicle had a suicide bomb or weapons in it and, in many cases, had families in it."
Posted by The Network at 15:38 0 comments
Obama & Co. Want National Biometric ID
A bipartisan group of U.S. Senators is teaming up with the Obama administration to legalize illegal immigrants and require biometric national ID cards for every American worker, prompting a swift and bipartisan backlash across the nation.
The proposal would unconstitutionally force nearly all Americans to obtain the new “tamper proof” Social Security cards while purporting to require that all employers purchase new $800 ID scanners. It would also provide a “path to citizenship” for the estimated 12 million to 20 million illegal immigrants currently living in America.
Motorists leaving cars at home as petrol prices hit a new record
Motorists are cutting back on their car use as petrol prices hit a new record, according to the AA.
Come To Jesus Part Deux
The reason we have not seen an all-on collapse - yet - is that the government has stepped in and has borrowed and spent a literal $3 trillion over the last two years for the purpose of hiding the insolvency of virtually every bank and a good number of citizens in this nation, along with virtually every pension plan, annuity and other "defined benefit" plan and institution. They also changed the rules of the game regarding asset valuations - that is, they cheated.
This gambit has produced a veneer of recovery.
What does it mean to be Middle Class in 2010? – No College Degree, Massive Amounts of Debt, One Health Crisis from Bankruptcy, and Beholden to the Banking Elite.
Being middle class today does not carry the financial security that it once carried in the 1950s and 1960s. Interestingly enough, many Americans at that time did not own stocks yet somehow they managed well because they had access to affordable housing without toxic mortgages and many had the ability to work with one company and have some kind of security from their company. It was a mutual relationship as even Henry Ford shook the auto manufacturing world by upping wages for his workers. Yet today, we are being fed distorted information from Wall Street that we need to have this system where workers are disposable entities only to increase the profits of the corporate class. If people are hurting so much why are we paying billions in bonuses to a small group of people that really haven’t helped the country? In fact, many of these are directly responsible for our current economic problems. At the root, this has been the cancer that has eaten away at what it means to be middle class. Social government welfare for Wall Street and Darwinian capitalism for the rest of us.
Posted by The Network at 15:28 1 comments
The Micro Chipping of Americans?
Relevant clauses of the House and Senate Health Bills
"The Secretary shall establish a national medical device registry (in this subsection referred to as the registry, to facilitate analysis of postmarket safety and outcomes data on each device that; (A) is or has been used in or on a patient; (B) is a class III device; or a class II device that is implantable."
In real world speak, according to this report, this new law, when fully implemented, provides the framework for making the United States the first Nation in the World to require each and every one of its citizens to have implanted in them a radio-frequency identification (RFID) microchip for the purpose of controlling who is, or isn't, allowed medical care in their country.
Tensions Mount Between Washington and its Puppet in Kabul
Thursday’s warning by Afghan President Hamid Karzai that US and other NATO troops could be regarded as “invaders” in his country provided a rare glimpse into the political realities in Afghanistan—and called forth a furious reaction from the Obama administration and the American media.
Karzai denounced those in the Washington and the Western media who have criticized the corruption and incompetence of his regime, complaining, “They wanted to have a puppet government. They wanted a servant government.”
ABC escalates Iran war propaganda: echoes unlikely CIA claim of “defected” Iranian scientist
ABC News reported as fact a CIA claim from unnamed US “officials” that a young Iranian nuclear scientist reported as abducted by his wife last year had voluntarily abandoned his family in Iran to allegedly defect to the United States. ABC doesn’t question the CIA’s truthfulness of such a report or the legality for holding Shahram Amiri
Posted by The Network at 15:15 0 comments
General Election 2010: Gordon Brown's loose relationship with the truth
In his Downing Street statement this morning Gordon Brown said that one of the values he had learned during his upbringing in his “ordinary middle class home” was “telling the truth”. He did not learn it terribly well. His period as Chancellor was notorious for his manipulation of statistics – double counting and treble counting became routine. Since becoming Prime Minister, he has found it harder to get away with such slippery behaviour. Last month he was forced to issue a humiliating public apology for misleading the Chilcot Inquiry with his false claim (and he must have known it was false) that he had increased spending on the armed forces every year he was in the Treasury. And only last week he was rebuked by Sir Michael Scholar of the UK Statistics Authority for playing fast and loose with immigration figures. The PM used two sets of “not comparable” figures to back his assertion that immigration was falling; it meant the number of new arrivals was under-counted by 30,000. There was a time when misleading Parliament in this way was regarded as a heinous offence. No more. In his book Servants of the People, Andrew Rawnsley recounts an explosion from the then Chancellor after he had been challenged during a radio interview about what he knew of Bernie Ecclestone’s £1 million donation to the Labour Party. He knew a lot, but said he didn’t. According to Rawnsley, a highly agitated Brown afterwards yelled at aides: “I lied. If this gets out, I’ll be destroyed.” If lying upsets him so much, why does he persist in doing it?
TRUE VOICE OF BRITAIN
ENOUGH is enough.
Seven in 10 Brits now think we are taking in far too many immigrants.
Unemployment fears rise as job demand drops
Demand for new staff fell last month bringing an end to a period of slow growth and fuelling fears of another possible rise in unemployment.
Statistics from recruiter Reed.co.uk's job index showed a drop from 105 to 102 in March amid "mixed signals".
They want the Government to curb our shambolic open-door policy, according to Migrationwatch.
£1,400 a year added to mortgages
The average annual UK mortgage bill could go up by £700 - £1,400 if the Government does not reduce the amount it plans to borrow, think tank Policy Exchange has warned in its latest report ‘The Cost of Inaction'...
The UK currently has a budget deficit of nearly 12% of GDP. When deficits are very high, that adds a risk premium to interest rates, because of fears about inflation or default.
War on Terra could lead to WW3
Bob Chapman, the man who predicted 9/11, Iraq War, etc.... says :
Nuclear Terrorist attack on Major US city to Blame Iran could Start World War III which is very near and could be initiated with an Israeli staged nuclear attack on a major US city.
Posted by The Network at 14:47 0 comments
£1TRILLION PENSIONS TIMEBOMB
TAXPAYERS are facing a £1trillion “black hole” in funding to cover the generous pensions of Britain’s army of public sector workers, business chiefs warn today.
Sterling falls amid fears over hung Parliament
Sterling fell against the dollar and the euro today as mixed opinion polls heightened fears over a hung Parliament after Gordon Brown called a general election for May 6.
Analysts warned that the pound could come under further pressure over the next month unless polls started to show a clear winner.
Labour’s Climate Change Act: A Conspiracy to Defraud
The revelation that the Government’s Climate Change Act will cost the taxpayer up to £18.3 billion per year between now and 2050, together with its sanitising “enquiry” into the Climate Studies Unit (CSU) scandal, proves that it is working hand-in-glove with the United Nations (UN) towards their “global governance” objectives.
Westminster bargaining to pass DNA Bill begins
Proposals to store the DNA profiles of innocent people for six years will be the focus of bargaining at Westminster as ministers try to pass key legislation before Parliament is dissolved.
Obama excludes Iran in ban on US nuke strikes
US President Barack Obama plans to release a review of the US nuclear arms strategy that purportedly restricts the use of its nuclear arms against most non-atomic states except Iran and North Korea.
Posted by The Network at 14:18 0 comments
Disabled mother forced to sell home to pay compensation after mobility scooter injures supermarket worker's knee
A disabled mother whose mobility scooter injured the knee of a supermarket worker has been forced to sell her house after she was sued for damages
Pressure mounts on Digital Economy Bill
Protests against the Digital Economy Bill have escalated as the controversial Bill is about to receive its second reading at the House of Commons
General election 2010: Facebook and Twitter to have unprecedented impact
Facebook, Twitter and other social media will have an unprecedented impact on the general election campaign.
Digital Bill to strip Britons of their rights
Britain is hoping to put itself at the forefront of the fight against Internet piracy with the new Digital Economy Bill, to be debated in parliament later on Tuesday.
The bill will give authorities the power to block pirate websites and cut off people from the Internet if caught file sharing.
But protesters claim the measures are too extreme and threaten the very future of the web.
UK Conservatives may reopen probe into Iraq war whistleblower’s death
The death of a whistle-blower who said the UK government had "sexed up" a dossier on Saddam Hussein's military capabilities in order to sell the Iraq war has been one of the most intriguing and confusing elements of the war's history
Santelli: $4 Gas, $150 Oil Coming This Summer
CNBC CME floor reporter explains investors could flee equity markets for commodities, including energy and put a hurt on consumers.
CNN Weather Guy Chad Myers Accuses Climate Scientists Of Corruption
CNN meteorologist Chad Myers accuses climate scientists of corruption, saying that because they “work for the government,” they might lose their jobs if they didn’t say man-made global warming was real.
Is Gordon Brown Proposing To Print Climate Money?
Monday, 05 April 2010 10:07 Ethiopian Journal — Ethiopian Prime Minister Meles Zenawi says the high level Advisory Group on Climate Change Financing has identified various financial sources to help developing countries combat climate change and set directives for further activities.
Meles and British Prime Minister Gordon Brown co-chaired the first meeting of the group held in London last week.
Meles told the Ethiopian Radio and Television Agency that the meeting assessed ways of getting financial sources through air and marine transport and the right of the International Monetary Fund (IMF) to print money and implementation of new taxes, among others.
More “hiding the decline”
Re-reading Climategate and AR4 Review Comments, I noticed an interesting discussion about handling the Law Dome O18 record – a series used in Mann and Jones (2003) and Jones and Mann (2004) with a very elevated MWP
Revealed: Hospital has staff from 70 countries as nurses who don't even understand 'nil by mouth' forced to take English lessons
An NHS hospital has staff from a staggering 70 countries on its payroll.
The huge number of overseas nurses, cleaners and porters has forced health chiefs to send them on ten-week English courses because many do not understand basic medical phrases.
Among the terms some workers from countries such as Burma, the Philippines and Poland can't follow are 'nil by mouth', 'doing the rounds' and 'bleeping a doctor'
Wounded paratrooper told he may lose £25k compensation after he was pictured holding Carling Cup at Wembley
Paralysed in an attack in Afghanistan, Private Dave Tatlock was told he would never walk again.
But the 20-year-old drew on all his battlefield courage to prove the doctors wrong, making slow but steady progress over two difficult years with the aid of a stick.
In a salute to his bravery, he was invited to be a guest of honour when his beloved Manchester United played Aston Villa in the Carling Cup final at Wembley in February. He even carried the trophy on to the pitch.
(H/T Mr Waring for last two items)
Posted by The Network at 13:10 0 comments
Quentin Davies' shoe-in....Nick Boles
Boles was a scholar at Winchester College before studying PPE at Magdalen College, Oxford, then winning a Kennedy Scholarship to study for a Master's in Public Policy at the John F. Kennedy School of Government, Harvard University.
In 1995, he founded a small DIY supply small business—Longwall Holdings Limited—of which he is non-executive chairman, having served as the chief executive until 2000.[1] In 1998, he was elected to Westminster City Council for the West End ward comprising Mayfair and Soho. He was chairman of the Housing Committee from 1999 to 2001, before stepping down in 2002. During much of this time, Boles flatshared with fellow Conservative activists, Michael Gove and Ivan Massow. He and Gove, along with fellow Westminster Conservatives Ed Vaizey, David Cameron, George Osborne and Rachel Whetstone, are sometimes referred to as the 'Notting Hill Set' an influential group of relatively young Conservatives.[2] He founded the think tank Policy Exchange in 2002 and served as the Director until leaving the organisation in 2007 to avoid a potential conflict of interest. During his tenure Policy Exchange became one of the most influential think tanks in the country, especially after David Cameron was elected Conservative Party leader in 2005.[3]
Posted by Anonymous at 11:55 0 comments
Labels: Nick Boles, Quentin Davies
Keiser Report №31: Markets! Finance! Scandal!
This time Max Keiser and co-host, Stacy Herbert, look at the scandals of Tony "No Blood for Oil" Blair lying about selling the UK gold supply on "technical advice of the Bank of England;" a millionaire tramp in Sweden and a casino that refuses to pay in America; and, finally, the Irish 'Bad Bank' and the 'Celtic Chernobyl.'
Posted by The Network at 11:37 0 comments
Mass Depopulation, Genocide, WW3? Part 1- The link to the New World Order
UK, April 2, 2010 Palestine Telegraph - This heading may appear alarming to some people but is there a hidden master plan? Is it possible that some aspects of this has already started and if so how and who is involved. We hear so many times of the so called “New World Order and the “Illuminati” but does it actually exist? What ever you want to call this elite organisation one can say with some certainty that it does certainly exist. I also find it incredible that this relatively small group can change the course of history and we the millions may have no power to stop it.
So where does this start and who is involved?
Deflation on the prowl as Bernanke shuts down his printing press
The most audacious monetary experiment in modern history ended on April Fools' Day. America must walk without crutches, on gangrenous legs.
Public sector pension black hole to cost taxpayers an extra £330 a year
Workers will have to pay an extra £330 a year each in tax to help plug the growing black hole in the cost of public sector pensions, business leaders warned last night
Posted by The Network at 11:23 0 comments
Eleven rapists and hundreds of other sex offenders 'let off with cautions'
Eleven rapists and hundreds of other self-confessed sex offenders have been let off with cautions over the past five years in one police force area alone, figures show.
(but you'll get a £1000 fine and a tag for selling a goldfish to a minor)
Fiddling those smoking figures again
Anti-smoking campaigners' use of statistics has become ever wilder
How to Survive The Three Most Imminent Disasters of 2010-2012
Needless to say, I'm delighted to see my book surge to #2!
But what pleases me even more is the fact that more investors are finally learning how to take urgently-needed steps to prepare for THREE major disasters — and profit opportunities — dead ahead
Banks to face 'excess profits tax' to help governments around the world raise cash
The International Monetary Fund (IMF) is considering plans for an 'excess profits tax' on banks worldwide to raise cash in the wake of the financial crisis, it was reported today.
The IMF is expected to recommend the tax as a means of raising significant sums of money from the banking sector without dramatically affecting the work of the financial system.
It will sit alongside a global levy on bank balance sheets as the grip tightens on the sector following the mammoth bail-outs seen during the meltdown
Good riddance to this rotten Parliament
There will be no weeping, wailing or gnashing of teeth when this Parliament finally croaks its last. Nor will there be any mourners around its death-bed.
Rarely - if ever before - in this nation's history has a Parliament earned so much contempt and scorn from the people it is supposed to represent.
I have been reporting at Westminster for just a few months short of half a century and never, during that time, has there been such a backlash of fury from the British voting public.
Posted by The Network at 09:28 0 comments
Bio Marine scientists: ocean acidification most dangerous affect of global warming
Ocean acidification is described as the ongoing decrease in the pH or salinity of the Earth's oceans caused by the uptake of anthropogenic carbon dioxide from the atmosphere
HAWKINS: Global warming is back
After two years of rau-cous meetings at great ho-tels and re-sorts around the world, the United Nations Framework Convention on Climate Change (UNFCCC) failed to deliver a treaty in Copenhagen in December. The clash of national interests over who would be required to cripple their economies to "save the planet" from the chimera of global warming proved insurmountable. The flawed process should have ended, but UNFCCC is pressing on. Talks will open again in Bonn on Friday, to be followed by several more negotiating junkets before a grand sequel to Copenhagen is held next December in Cancun, Mexico.
Last Stand Against UK Digital Economy Bill and Dangerous Internet Restrictions
Today, adverts in the Guardian and Times will call on Government MPs to make sure the Digital Economy Bill (DEB) receives full debate, rather than being rushed through ‘wash-up’. DEB, which is designed to tackle online copyright infringement, could spell the end of public / open Wi-Fi Hotspots, force legitimate websites to close (potentially this might even affect Google and YouTube) and could result in innocent broadband ISP users being disconnected from the internet.
Food Crisis Looming Around the Corner
An aggressive push in agriculture is essential
In a report prepared for the first-ever meeting of the Global Conference on Agricultural Research for Development (GCARD), researchers paint a bleak picture of the future. They say that, unless immediate action is taken on increasing the world's food supply, we could soon be faced with a crisis unlike any other we ever witnessed. The largest amount of work needs to be placed in poorer nations, which have been kept subservient for centuries, but which now need to become able to feed themselves. Most of these areas do not contribute to the global food supply in a noteworthy proportion.
Labour's blown £1.5 Billion on advice
MINISTERS have blown a huge £1.5BILLION of taxpayers' money on ADVICE over the past five years.
Posted by The Network at 08:16 0 comments
We're part of the Union, but our politics are very different
Posted by subrosa at 08:11 0 comments
Managers in the NHS' should be paid more'
Posted by subrosa at 08:08 0 comments
UK house prices face prolonged bear market
The housing market may now be trapped in a long-term bear market and may not bounce back to the peaks it reached in 2007 for generations, a leading economic consultancy has warned.
CBI issues 100-day challenge on public sector pensions
The CBI has issued a warning to the next government: reform public sector pensions or watch a £1,000 billion taxpayer liability spiral out of control.
Millions prepare to count the cost of new tax regime
People returning to work after Easter face a series of tax bombshells set to detonate today as the Chancellor seeks to pay down public debt.
Virtually all of the new charges, such as the 50p rate of income tax and the freezing of tax thresholds, have been planned for some time — but this will not do much to ease the pain as taxpayers see nearly £20 billion disappear from their pockets over the next couple of years.
Here Comes The Pound Roller Coaster Now That U.K. Election Day Has Been Named
The U.K. just entered its election season and the pound could be rocked by further poll anxiety as the May date comes closer.
13 years on, new Labour has come full circle
It’s just like the 1997 election. The only tactic the governing party has left is to sow the seeds of fear
PETROL PRICE HITS RECORD HIGH...AND WORSE IS TO COME
THE price of petrol reached its highest ever level over the Easter weekend, with rocketing oil costs set to bring even more misery to motorists.
More than 50 suspected war criminals living in Britain, says Aegis Trust
More than 50 suspected war criminals are living freely in Britain after Scotland Yard was unable to prosecute them.
Member of Hollie’s Army targets Malcolm Chisholm SMP
Thanks to the very fine efforts of Mark Welsh (an active member), Hollie’s supporters have now been able (via Mark) to not only air their concerns and views but also had the opportunity to hand over a brief to Malcolm Chisholm SMP the member for Edinburgh North and Leith.
Impending GMO Contamination of the Food Chain
Farmers and Consumers Demand Prohibition of Genetically Engineered Alfalfa
“The US economy will not recover for at least another decade” – Engdahl
American bankers see themselves as the gods of money, a class above mere mortals, and they can do what they wish, said renowned economic researcher and historian William Engdahl in an interview with RT.
National debt seen heading for crisis level
Health care may have been the last big bang of the Obama presidency.
With ferocious speed, the financial crisis, recession and efforts to combat the recession have swung the U.S. debt from worrisome to ruinous, promising to handcuff the administration.
Posted by The Network at 07:47 0 comments
A new charity that suits female job-hunters
Posted by subrosa at 06:47 0 comments
Soldier, 26, dies after fall from rickshaw
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Posted by subrosa at 01:39 23 comments
Monday, 5 April 2010
Wikileaks leaked video of Civilians killed in Baghdad — Full video
Wikileaks has obtained and decrypted this previously unreleased video footage from a US Apache helicopter in 2007. It shows Reuters journalist Namir Noor-Eldeen, driver Saeed Chmagh, and several others as the Apache shoots and kills them in a public square in Eastern Baghdad. They are apparently assumed to be insurgents. After the initial shooting, an unarmed group of adults and children in a minivan arrives on the scene and attempts to transport the wounded. They are fired upon as well. The official statement on this incident initially listed all adults as insurgents and claimed the US military did not know how the deaths ocurred. Wikileaks released this video with transcripts and a package of supporting documents on April 5th 2010 on http://collateralmurder.com/
Amazing Presentation On The End Of The Copper Era
Death Camps Warned Being Prepared As Millions In US Left Hopeless
VKS satellites had been tasked with overseeing this vast area of the United States after Obama had ordered all of these 13 million acres not to be flown over by aircraft or trespassed upon under threat of life imprisonment. A chilling Russian Space Forces (VKS) report prepared for Prime Minister Putin is warning today the United States is in the process of constructing at least 300 massive “death camps”in 11 of their Western States secret documents had previously revealed President Obama’s Department of the Interior was preparing to take over in a massive 13-million acre land grab against his own people.
These reports further state that the US Northern American Command has been put in charge of this “death camp” project and in their largest logistical deployment since World War IIare moving massive amounts of equipment from their war zones to America in preparation for “relocating” nearly 30 million of their citizens into them over the next 3 years.
British People Put Last: £1.1 Billion Cut in Schools Budget — But £3 Billion for Afghanistan War
The schools budget in Britain has been cut by £1.1 billion while Government spending on the war in Afghanistan has risen to £3 billion per year.
More Surveillance: Planes, Trains, Automobiles and Buses
Brown hails move on global bank tax
Gordon Brown on Sunday said the large economies were close to agreeing a global tax on banks that would cost the financial sector billions of pounds a year but played down expectations that a deal could be struck at the next Group of 20 meeting in June.
(A very important milestone on the road to Global Government-ukws)
Greenpeace To Global Warming Skeptics: “We Know Where You Live”
An article carried by the official Greenpeace website written by a Greenpeace member urges climate activists to resort to criminal activity in an effort to reinvigorate momentum for their stalling global warming agenda, while ominously threatening climate skeptics, “we know where you live”.
The article, written by Greenpeace activist “Gene” from India, calls for “mass civil disobedience to cut off the financial oxygen from denial and skepticism”.
“Gene” then has a special message for roughly half of Americans who, in the wake of the climategate scandal, are now skeptical of man-made global warming – “We know who you are. We know where you live. We know where you work. And we be many, but you be few.”
“Gene” quotes another climate activist who calls for an army of greenies to break the law and take retribution against anyone who stands in their way.
Posted by The Network at 19:27 0 comments
Labour is 'worst government ever', says Mark Serwotka
The Labour government has been branded the "worst in the history of this country” by the head of one of Britain’s biggest trade unions.
Mark Serwotka, general secretary of the Public and Commercial Services Union, said the government’s poor treatment of public sector workers meant it was a worse employer than the Conservatives under Margaret Thatcher or John Major.
In a bitter attack, he called for unions to take “united industrial action” as a last resort to defend jobs, pensions and services.
In scenes reminiscent of union rallies of the 60s and 70s, teachers chanted “the workers, united, will never be defeated” as they gave Mr Serwotka a standing ovation
(ukws has, and will be, searching the video channels for this speech and will post when found-nothing on the BBC tho-how odd! if anyones got a link let me know)
Posted by The Network at 18:46 3 comments
Harriet - Debate The Digital Economy Bill
Harriet Harman MP, Leader of the House of Commons, will – on Thursday afternoon – have to explain the Government’s plans for the Digital Economy Bill.
The Bill has suffered from huge manipulation by lobbyists, including insertion of entire new clauses at the behest of music lobbyists the BPI, and accusations that Lords amended the Bill without declaring their interests.
The Bill still includes highly controversial measures to disconnect families from the internet after allegations of copyright infringement. There are as yet unknown measures to block websites, with the potential for censorship. Such measures should not be rushed through during ‘wash up.
Harriet Harman, as Leader of the Commons has the power to recommend the Parliamentary timetable. That’s why we are asking for her to guarantee that the Bill receive full, line by line scrutiny. Nothing less will do. Take action now – email Harriet. It’ll take you less than 2 minutes.
(Click link above to participate)
Posted by The Network at 16:46 0 comments
U.S. Treasury Bond Market Alert: This Should Scare The Heck Out of All of Us Right Now
Interest rates in the bond market are rising. The issue is now center stage according to a fresh article on the subject at MarketWatch. I'm afraid hell has arrived, while the market is still doing its best to ignore it. Its easy to explain and understand why and it is frightening to consider the coming consequence. More so, it is a timely issue currently being ignored by the markets but ready to rear its ugly head.
State Services Start To Collapse Across The US and Europe
Reading the pages of the financial news, you would be forgiven for imagining the dawn of a new golden age was breaking. The Dow Jones hits a new high each week. Optimism is back in vogue. All memories of the recent Lehman and Bear Stearns collapses, and subprime defaults are missing from the front pages.
The Long Wave (aka The K Wave) “Jubilee” Cycle
The long wave debate rages on. Meanwhile, the global debt berg, the chief product of crony state capitalism, has begun to block the profligate paths of listing ships of state. The confident captains of crony state capitalism are at the helm, sailing into the foggy financial abyss of cascading sovereign debt defaults. The growing black hole of sovereign debt threatens to pull the global economy into its collapsing vortex, the quintessential black swan event. Coming out the other side of the black hole of collapsing debt beyond 2012, we suspect the world will be a very different place. A new golden age will dawn.
Posted by The Network at 13:39 0 comments
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