If America Prevails Over Syria, Other Arab Nations Will Be Next

Angry at Syria for not complying with its demands before the Iraq War, Washington has sought to 'lay siege to, isolate and impose sanctions' on it ever since.


From Information Clearing House

Standing at the brink

So much of written history has been fictionalized to make martyrs of the worst kind of human beings. What is happening in America today has parallels to events that unfolded in other nations in modern history; and always with catastrophic results for humankind.


India: SP demands immediate recall of US Ambassador

Taking strong umbrage at American envoy David Mulford's statement that India must vote against Iran on the nuclear issue, the Samajwadi Party today demanded his immediate recall by the Bush administration, saying the remarks were ''a slight on India's sovereignty and unacceptable to the people''.


From Information Clearing House

Calculating the Risk of War in Iran

In the past weeks media reports have speculated that Washington is ‘thinking the unthinkable,’ namely, an aggressive, pre-emptive nuclear bombardment of Iran, by either the United States or Israel, to destroy or render useless the deep underground Iranian nuclear facilities.


From Information Clearing House

Iran, War, and Sanctions

Professor Abbas Edalat is a founding member of the newly formed Campaign against Sanctions and Intervention in Iran (CASMII). He recently travelled to the US and spoke at MIT and San Francisco regarding the coming hostilities against Iran.


From Information Clearing House

Petrodollar Warfare: Oil, Iraq and the Future of the Dollar

Iran's plan to launch an energy trading exchange supports its desire to establish a geopolitical bloc with a Eurasian epicentre, anchored by Iran, China, Russia, and Europe, preferably including India (which is why America is bribing India with nuclear technology).


From Information Clearing House

U.S. Using Anti-Terror War to Gain World Oil Reserves

Soviet Intelligence Chief:

Using the anti-terrorist cause as a cover the United States has occupied Afghanistan, Iraq and will soon move to impose their “democratic order” on the Greater Middle East, Shebarshin said.


From Information Clearing House

Revealed: UK's role in deadly CIA drone

Targeted assassinations by Predators break international law, says Amnesty International


From Information Clearing House

Pentagon Can Now Fund Foreign Militaries

Congress has granted unusual authority for the Pentagon to spend as much as $200 million of its own budget to aid foreign militaries, a break with the traditional practice of channeling foreign military assistance through the State Department.


Blair and Bush 'conspired to go to war regardless of United Nations'

President Bush was only going through the motions - and, the paper adds: "Mr Blair not only knew it, but went along with it."


Activists plan mock Bush, Blair trial

International activists and lawyers involved in the defence of Saddam Hussein say they will hold a mock trial of George Bush, the US president, and the British and Israeli prime ministers for alleged war crimes committed in Iraq.


From Information Clearing House

Their power derives from us yet we are subjugated by the authority we have given them

By Troubled Neighbor

Unaccountable, our public servants have acquired the license of angels and conduct themselves like gods to be obeyed. They have supplanted justice and liberty with standards of their own making.


Beating Around the Bush By the Bourse

By Ingmar Lee

Only the uninformed believed Bush when he said it was WMD's that made him attack, invade, occupy and massacre Iraq. Most of us thought it was to steal Iraq's oil, but we were only partly right. What totally terrorized the tyrranical Texan tycoon was when Saddam played the oil bourse card in November, 2000. When Saddam started selling Iraqi oil in euro's, he jeopardized the U.S. dollar's hegemony as the world's supreme foreign exchange transaction currency. - The oil grab is a sideshow. The main feature is the oil bourse.



by Dr. M (AKA Dr. Chris Martenson)
January 27, 2006

In a shocking development, the Treasury Department website is openly stating that as of January 24, 2006 our national debt stood at $8,185.3 billion and on January 26th at $8,190.5 billion.


Yet the US national debt 'ceiling', the maximum amount of debt the US government may hold at any one time, stands at $8,184 billion – a full $5.5 billion less. Although called upon by John Snow, Congress has not yet passed an expansion of the debt ceiling and so the US government is now operating in technical default.

You may recall that when last the debt ceiling was approached in the months surrounding the 2004 elections, the Treasury department furiously employed every accounting trick in the book (and then some) to avoid breaching the limit. They even went so far as to take the unprecedented step of borrowing $14 billion from the Federal Financing Bank to cover up the shortfall.

But they never breached the ceiling.

On January 24th they breached it brazenly and openly and with nary an accompanying explanation. Neither have any lawmakers have broached this indelicate subject.

I suppose we could write this off as merely an unsurprising development from a government that no longer bothers to even appear to be adhering to rules, laws and procedures, let alone actually doing so.

But the silence is all the more troubling because there is an unprecedented level of government borrowing on the books for 1Q06 with next 2 weeks (Feb 1st to Feb 9th) an especially busy period of time. An ambitious ~$70-$80b in Treasury paper will hit the market.

The federal government does not have the legal authority to borrow above the statutory debt limit, which raises the prospect of emergency congressional action to avoid a full-fledged default.

Congress will probably attach a rider to a "must-pass" defense appropriation bill and ironically title it "The Fiscal Responsibility Amendment of 2006". And if they do, $50 says they do it very late on Friday night.

Since the debt ceiling has been raised 50 times over the past 40 years, hoping for some rational debate on the matter would be an extravagant indulgence. Time spent wishing pigs could fly would offer a far better potential return.

Another odd facet of this story is the deafening silence from the financial press (and I use that term loosely) regarding this matter. Leaving aside the issue of a technical default, one wonders why questions aren't being asked about the rate of debt accumulation and whether it's sustainable.

The last debt-ceiling adjustment was $800 billion and was passed in November 2004. Now, on January 24th 2006, it is entirely gone. $800 billion in only 16 months for an average of $50B a month.

Factoring out the plundering of excess social security contributions, the US government borrowed $52B in 3Q05, $96B in 4Q05 and expects to borrow $171B in 1Q06. A trend nearly as mind-boggling as the soon to be discontinued M3 series.

Why do I even bother to pen such distressing factoids?

Because in all my time studying economics I have determined only one thing; there's no free lunch. Pay now or pay later but pay we will.

Or, more accurately, we hope that our kids will, and not stiff us for the bill. But if they did, who could blame them?

I, for one, would not be shocked.


Informant: bee free

Call nie: DECT-Telefone strahlen weiter fröhlich vor sich hin

Wiederholung So 5.2.06 um 4:15 Uhr ZDF.umwelt

Nachricht von Alfred Mauerer


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Januar 2006

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