Émission de radio L'Autre Monde

Émission de radio L'Autre Monde

mercredi 4 février 2009

Les jeux de la monnaie, de la dette, de l'inflation et d'une économie fasciste

Émission de L'Autre Monde du 5 février 2009: Les jeux de la monnaie, de la dette, de l'inflation et d'une économie fasciste

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L'Autre Monde 5 février 2009

60 min / Radio de l'UQAM, CHOQ FM

Diffusion en direct : Jeudi à 11:00h
Animation : François Marginean
Archives d'émission

Émission du 5 février 2009:

Nous parlons de santé en premier lieu: aspartame, MSG, découvertes et nouvelles études. Ensuite, nous effectuons une large revue de l'actualité au niveau de l'économie. Nous tentons de dégager l'essentiel qui est à comprendre de cette crise, question de trouver de véritables solutions. Ce système économique et bancaire s'apparente à une pyramide de Ponzi. Nous touchons à Davos, aux pertes d'emplois, de GM, de l'argent imaginaire, aux banquiers privés, de la masse monétaire et de l'inflation, du prix de la nourriture, le marché des produits dérivés, de la notion du fascisme et du joyau de la liberté.

Soyez au rendez-vous les jeudis à 11h sur les ondes de CHOQ FM!

***Hyperliens vers les sources des informations discutées sur l'émission d'aujourd'hui:

Le nouveau scandale des commandites


Trial Begins for HIV Gene Therapy

Since the discovery that a small portion of people who are exposed to HIV do not get infected, scientists have been working to discover the secret to those people's resistance and how to make others resistant as well.

It turns out that most people have a gene called CCR5, which makes them vulnerable to HIV infections. The naturally resistant people have mutant CCR5 genes that inhibit HIV.


The shocking discovery will add to evidence that Britain’s obesity epidemic is not simply down to an unhealthy diet or lack of exercise.

Webmaster's Commentary:

Add to that virus the effects of chemicals in the food like MSG, aspartame, and SBGH, and it's no wonder we are a plump people (which is okay, because that will be the "in" look during the depression!)

Americans Drug Their Children with 300 Percent More Psychotropic Meds

Psychotropic drugs are prescribed to children in the United States at three times the rate of children in Europe, according to one of the first studies to rigorously compare such prescription patterns between different countries.

China Beats United States in Achieving Universal Health Care

China has announced a new health care spending initiative that aims to deliver universal health care to all its citizens. It all happens over the next three years through $124 billion in new spending by the Chinese government.

New Study of Splenda and Sucralose Reveals Shocking New Information About Potential Harmful Effect on Humans

Source: Citizens for Health

Chairman of Citizens for Health Declares FDA Should Review Approval of Splenda

MINNEAPOLIS, Sept. 22, 2008 (GLOBE NEWSWIRE) -- James Turner, chairman of the national consumer education group Citizens for Health expressed shock and outrage after reading a new report from scientists at Duke University. "The report makes it clear that the artificial sweetener Splenda and its key component sucralose pose a threat to the people who consume the product. Hundreds of consumers have complained to us about side effects from using Splenda and this study, published this past week in the Journal of Toxicology and Environmental Health Part A, confirms that the chemicals in the little yellow package should carry a big red warning label," said Turner.

Among the results in the study by Drs. Mohamed B. Abou-Donia, Eman M. El-Masry, Ali A. Abdel-Rahman, Roger E. McLendon and Susan S. Schiffman is evidence that, in the animals studied, Splenda reduces the amount of good bacteria in the intestines by 50%, increases the pH level in the intestines, contributes to increases in body weight and affects the P-glycoprotein (P-gp) in the body in such a way that crucial health-related drugs could be rejected. Turner noted that the P-gp effect "could result in crucial medications used in chemotherapy for cancer patients, AIDS treatment and drugs for heart conditions being shunted back into the intestines rather than being absorbed by the body as intended."

The study was conducted using male rats over a period of twelve weeks. The manufacturers of Splenda also used a rat study when they applied for and received approval to market the product from the U.S. Food and Drug Administration. At the time, the findings from their rat studies were extrapolated as to possible effects on humans. This is standard FDA practice and this study is consistent with that practice.

Turner said, "This report followed accepted policies and procedures and the results make clear the potential for disturbing side effects from the ingestion of Splenda. It is like putting a pesticide in your body. And this is at levels of intake erroneously approved by the Food and Drug Administration. A person eating two slices of cake and drinking two cups of coffee containing Splenda would ingest enough sucralose to affect the P-glycoprotein, while consuming just seven little Splenda packages reduces good bacteria." Although the effect of consuming Splenda does not result from a one time use, the side effects do occur after accumulated use. Turner also noted unmistakable evidence that Splenda is absorbed by fat, contrary to the claims of Johnson & Johnson.

Aspartame consumption strongly associated with migraines and seizures

Wednesday, June 22, 2005 by: Dani Veracity, citizen journalist

You can't walk into a convenience store, grocery store or restaurant without being offered a dose of aspartame. You can't buy a stick of gum or a box of mints without having to read the label like a hawk, because it's not always obvious that a product contains aspartame. Restaurant condiment caddies are filled with white packets of sugar, which is unhealthy in its own right, alongside pink and blue packets of NutraSweet and Equal, both of which contain known excitotoxins. Would you like some excitotoxin with your coffee?

Do you know what excitotoxins even are? Most people don't. They're chemical substances, such as aspartame, that cause neurons to fire spasmodically. This eventually burns out, or damages, the neurons. Decades of research studies support the increasingly held belief that aspartame causes these painful, often debilitating headaches.

Drugs Prescribed for Alzheimer's Disease Increase Mental Decline and Deaths

Drugs Prescribed for Alzheimer's Disease Increase Mental Decline and Deaths

Friday, January 16, 2009 by: Sherry Baker, Health Sciences Editor

The result of a long-term study , just published online and in the February edition of The Lancet Neurology journal shows there's a large increased risk of severe side effects and death in patients receiving these medications. What's more, they hasten mental deterioration.

Dr. Clive Ballard of the Wolfson Centre for Age-Related Diseases at King's College in London and her colleagues are the first researchers to document long-term data for AD patients given antipsychotic drugs. They followed 165 patients with AD between the ages of 67 and 100 who resided in four United Kingdom facilities between 2001 and 2004. The research subjects were randomly assigned to take antipsychotic medications (thioridazine, chlorpromazine, haloperidol, trifluorperazine, or risperidone) or an oral placebo.

After a year, there was 70% survival in the antipsychotic group compared with 77% in placebo. But after two years, there was a far bigger difference in the death rate. Survival was 46% in the antipsychotic group and 71% in the placebo group. And at three years, the difference was even more stunning. Only 30% of people being given antipsychotics were still alive while almost 60 percent of those on placebos, inert substances with no drug activity, were still living. When the scientists computed the death rate for the AD patients throughout all the years, they found it was 42% lower in the placebo group than in the antipsychotic group.

So what adverse effects did the drugs have on the people with Alzheimer's? Specifically, they were found to increase the incidence of Parkinson's disease, sedation, edema, chest infections, stroke and death . Those taking antipsychotics also experienced an accelerated decline in their brain function. In a statement released to the media, the scientists said their research highlights the need to seek less harmful treatments for AD patients who exhibit neuropsychiatric symptoms.

"Our data add further serious safety concerns about the long-term use of antipsychotics in this population, and clinicians should certainly try to replace antipsychotics with safer management approaches.

Babies Know: A Little Dirt Is Good for You
January 27, 2009, New York Times

Ask mothers why babies are constantly picking things up from the floor or ground and putting them in their mouths, and chances are they’ll say that it’s instinctive — that that’s how babies explore the world. But why the mouth, when sight, hearing, touch and even scent are far better at identifying things? Accumulating evidence strongly suggests that eating dirt is good for you. In studies of what is called the hygiene hypothesis, researchers are concluding that organisms like the millions of bacteria, viruses and especially worms that enter the body along with “dirt” spur the development of a healthy immune system. Several continuing studies suggest that worms may help to redirect an immune system that has gone awry and resulted in autoimmune disorders, allergies and asthma. These studies, along with epidemiological observations, seem to explain why immune system disorders like multiple sclerosis, Type 1 diabetes, inflammatory bowel disease, asthma and allergies have risen significantly in the United States and other developed countries. “What a child is doing when he puts things in his mouth is allowing his immune response to explore his environment,” Mary Ruebush, a microbiology and immunology instructor, wrote in her new book, Why Dirt Is Good. “Not only does this allow for ‘practice’ of immune responses, which will be necessary for protection, but it also plays a critical role in teaching the immature immune response what is best ignored.”

Note: For many key reports on new health research from reliable sources, click here.

Pictured: The 2.5lb kidney stone the size of a coconut surgeons removed from a man's stomach

The largest kidney stones most doctors ever get to see is the size of a golf ball.

Prozac, used by 40m people, does not work say scientists
February 26, 2008, The Guardian (One of the U.K.'s leading newspapers)

Prozac, the bestselling antidepressant taken by 40 million people worldwide, does not work and nor do similar drugs in the same class, according to a major review released today. The study examined all available data on the drugs, including results from clinical trials that the manufacturers chose not to publish at the time. The trials compared the effect on patients taking the drugs with those given a placebo or sugar pill. When all the data was pulled together, it appeared that patients had improved - but those on placebo improved just as much as those on the drugs. The only exception is in the most severely depressed patients, according to the authors - Prof Irving Kirsch from the department of psychology at Hull University and colleagues in the US and Canada. But that is probably because the placebo stopped working so well, they say, rather than the drugs having worked better. "Given these results, there seems little reason to prescribe antidepressant medication to any but the most severely depressed patients, unless alternative treatments have failed," says Kirsch. "This study raises serious issues that need to be addressed surrounding drug licensing and how drug trial data is reported." The paper, published today in the journal PLoS (Public Library of Science) Medicine, is likely to have a significant impact on the prescribing of the drugs. The National Institute for Health and Clinical Excellence already recommends that counselling should be tried before doctors prescribe antidepressants.

Note: For many key reports on health issues from reliable sources, click here.

Exploding cellphone kills Chinese man

Here's the thing about batteries: they store energy. Lots of it. Channeled correctly, that energy does really awesome things for us -- but channeled chaotically, and... well, you know where this is going, don't you? A man shopping in a Lenovo store in mainland China has been killed after the phone in his chest pocket exploded, severing arteries and leading to massive blood loss. The make and model of the phone and battery have yet to be identified, but seeing how this is the seventh high-profile case of an exploding phone in China in the last six years, it really gives you pause before installing that shady off-brand juice, doesn't it?


Davos Delegates in ‘Denial’ as $25 Trillion of Wealth Vanishes

Regret is cheap for some delegates at the World Economic Forum in Davos, Switzerland. Redemption for their role in the worst economic wreck since the Great Depression comes at a steeper cost.

“Nobody in Davos wants to get near a negative like redemption,” said Robert Dilenschneider, chief executive officer of the Dilenschneider Group, a public relations firm in New York. “But the truth is that everyone here is part of the problem, and the public will soon begin demanding a pound of flesh.”

The World is Facing the First Truly Global Economic Crisis

Prime Minister Vladimir Putin’s speech at the opening ceremony of the World Economic Forum Davos, Switzerland January 28, 2009

"I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy’s fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism."

source - http://www.globalresearch.ca/index.php?context=va&aid=12087

U.N. crime chief says drug money flowed into banks

The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday.

Webmaster's Commentary:

One can just imagine the terms of those loans!

World Food Prices Are Rising Fast

As much as I hate to rain on the deflation parade, I must point out that food inflation is increasing worldwide. It seems that food prices are unaware that they should be falling, because they are instead rising fast all around the world.

Zimbabwe abandons its currency

BBC southern Africa correspondent Peter Biles says the Zimbabwean dollar has become a laughing stock. A Z$100 trillion note was recently introduced.

Korea Gov Seizes Stock Exchange

The South Korean government took control of Korea Exchange, the
privately held company that owns and operates the country's stock exchanges, by invoking a monopoly law to designate it a publicly run firm.

The Korea Stock Exchange, the largest of the three exchanges run by KRX, was
privatized in 1998 after the government sold it to member brokerages and
futures companies. In 2005, the company took control of the Korea Futures
Exchange and Kosdaq, which trades shares of smaller-cap companies. Together,
they form the seventh-largest bourse in Asia by market capitalization.

California is told to furlough employees

California officials must immediately implement Gov. Arnold Schwarzenegger's order that state employees take two days off without pay each month, a judge ruled Thursday, denying claims by unions and the controller that the governor's directive is illegal.

Since state legislators failed to meet an end of January deadline on an agreement to make up for California's $40 billion budget gap, residents won't be getting their state tax rebates, scholarships to Cal Grant college will go unpaid, vendors invoices will remain uncollected and county social services will cease.

California goes broke, halts $3.5 billion in payments

California, the eighth largest economy in the world, is broke.

Webmaster's Commentary:

Tomorrow, California will be on fire!

California pension funds close to bankruptcy

State pension funds tally their losses

Giant pension funds in Missouri and Illinois are tallying their losses from the great bear market of 2008, and it’s not a pretty picture.

46 Of 50 States Could File Bankruptcy In 2009-2010

There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits

In fact, Jan Brewer, the newly appointed Governor of Arizona has a major crisis on her hands, one that Arizona and national media isn’t covering. The alarming news is the State of Arizona has 90 to 120 days before they completely run out of money. After that, all bills and tax refunds owed to the citizens will go unpaid.

Schumer: bad bank estimates go up to $4 trillion

The cost of the government setting up a "bad bank" to buy up toxic assets from struggling U.S. banks could range as high as $4 trillion, according to some experts, Sen. Charles Schumer said on Thursday.

The Bad Bank Assets Proposal: Even Worse Than You Imagined

The Obama Administration is as obviously and fully hostage to the interests of the financial services industry as the Bush crowd was. We have no new thinking, no willingness to take measures that are completely defensible (in fact not doing them takes some creative positioning) like wiping out shareholders at obviously dud banks (Citi is top of the list), forcing bondholder haircuts and/or equity swaps, replacing management, writing off and/or restructuring bad loans, and deciding whether and how to reorganize and restructure the company.

President Obama to water down 'Buy American' plan after EU trade war threat

The European Union warned the US yesterday against plunging the world into depression by adopting a planned “Buy American” policy, intensifying fears of a trade war.

The EU threatened to retaliate if the US Congress went ahead with sweeping measures in its $800 billion (£554 billion) stimulus plan to restrict spending to American goods and services.

OBAMA:Afshin Rattansi talks to Paul Craig Roberts about $825 Billion

Former Assistant Secretary to the U.S. Treasury outlines why he is sceptical about Obama's economic plans. 1

Obama: Catastrophe Coming If Stimulus Not Passed

President Obama said Wednesday the recession will turn into "a catastrophe" if the economic stimulus is not passed quickly, lobbying anew for the plan as its price tag climbed above $900 billion and drew more criticism.

Webmaster's Commentary:

"Fool me once ..."

This is the same crap we heard last September when the TARP bailout was ramrodded through Congress. Then in October, three top economists at the Minneapolis Federal Reserve blew the whistle that there had been no crisis at hand.

So Barack "Change you can believe in" Obama is basically playing the same damned trick all over again and thinks we are too stupid to realize it!

Follow the Money

One reason things didn’t fall apart when Congress didn’t immediately act as Paulson and Bernanke demanded, may be that there wasn’t any danger of a meltdown in the first place. So say three senior economists working at the Federal Reserve Bank of Minneapolis, who in October examined the Fed’s own data, and concluded in an article titled Facts and Myths About the Financial Crisis of 2008 that the claims that interbank lending and commercial lending had seized up were simply not true. “Bank lending to consumers and to non-financial companies had not ceased, and banks were lending to each other at record levels,” says V.V. Charri, an economist at the Minneapolis Fed.

Webmaster's Commentary:

Relinked in light of Obama trying to pull the same stunt on us all again!

Obama economic plan now tops $900 billion

Webmaster's Commentary:

That's another $3000 (plus accruing interest) added to the eventual tax bill of every living American.

Let banks fail, says Nobel economist Joseph Stiglitz

The Government should allow every distressed bank to go bankrupt and set up a fresh banking system under temporary state control rather than cripple the country by propping up a corrupt edifice, according to Joseph Stiglitz, the Nobel Prize-winning economist.

Home sales fall to record lows

WASHINGTON (Reuters) - Sales of newly built single-family homes fell 14.7 percent in December, the largest monthly decline since 1994, data showed on Thursday, indicating the housing market's downward spiral was far from reaching a bottom.

The Commerce Department said sales tumbled to a 331,000 annual pace, the lowest since it started keeping records in 1963. November's sales were sharply revised down to 388,000 annual rate, which was previously reported as 407,000.

Economists polled by Reuters had forecast sales would post a 400,000 rate in December. For 2008, sales totaled 482,000, the lowest since 1982. That represented a 37.9 percent drop on the prior year, also a record fall.

The median sales price in December fell 9.3 percent to $206,500 from a year earlier. The median marks the half-way point, with half of all houses sold above that level and half below.

Foreclosures Now One in Five Home Sales

The declines mean that U.S. homeowners lost a cumulative $3.3 trillion in home values during 2008, with much of that loss coming in the fourth quarter. Homeowners lost $1.4 trillion during the fourth quarter alone; more than the $1.3 trillion lost during all of 2007. Since the housing market's peak in 2006, $6.1 trillion in home values have been lost.

Webmaster's Commentary:

Now, back up and take a deep breath.

Much of that "loss" is imaginary, in that the "loss" is really the over-inflated home values coming back down to what the market will truly bear.

Now, for the people who owned those homes and got all excited about those very impressive looking numbers in the financial news, that is all they were; impressive looking numbers.
The home owner still owns that home. Nothing real has changed. Only the impressive looking numbers have changed and they were all imaginary.

It is as if I sold you an apple for a quarter, and because someone says there is now an apple shortage some appraiser now says the Apple is worth ten dollars. Then a bumper crop comes in and the apple is worth one quarter again. What has really changed? You still have the apple. True, the parasites who tried to make a percentage off of the apple when it was thought to be worth ten dollars are complaining, but maybe they should grow apples instead of trying to carve off a piece of other peoples' apples?

FBI saw mortgage fraud early

The FBI was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it.

Webmaster's Commentary:

But the FBI was too busy reading our emails and harassing peace activists to do anything about it.

Obama: Wall Street 'Arrogance and Greed' Won't Be Tolerated

President Obama, usually cool, was visibly angry in his weekly address, chastising corporate bankers for the second time this week for accepting taxpayer bailout money and then doling out $18 billion in bonuses.

News of huge CEO bonuses in hard economic times met with outrage.

"The American people will not excuse or tolerate such arrogance and greed," Obama said in the video and radio message released today. "Even as they petitioned for taxpayer assistance, Wall Street firms shamefully paid out nearly $20 billion in bonuses for 2008.

Obama seeks to recover after 'screw up'

President Barack Obama sought to recover Wednesday from his toughest day in office yet after admitting he "screwed up" in a storm over taxes that forced his pick to lead health reform to withdraw.

Obama's carefully staged push for support of his massive economic stimulus plan was overshadowed as both health czar nominee Tom Daschle and another nominee Nancy Killefer -- tapped to be government budget watchdog -- withdrew because of tax issues.

Counterfeit Tough: U.S. Plans to Curb Executive Pay for Bailout Recipients (But WE pay their stock dividends!)

U.S. Plans to Curb Executive Pay for Bailout Recipients

WASHINGTON — The Obama administration is expected to impose a cap of $500,000 for top executives at companies that receive large amounts of bailout money, according to people familiar with the plan.

Executives would also be prohibited from receiving any bonuses above their base pay, except for normal stock dividends.

Troubled Times Bring Mini-Madoffs to Light

Their names lack the Dickensian flair of Bernie Madoff, and the money they apparently stole from investors was a small fraction of the $50 billion that Mr. Madoff allegedly lost of his clients’ savings.

The S.E.C. does not keep statistics on Ponzi fraud, but it has brought cases involving losses of over $200 million since the beginning of October last year, including one against the disgraced Democratic donor Norman Hsu. Mr. Hsu was accused of using money from a $60 million Ponzi scheme to make campaign donations to leading candidates, including President Obama and Secretary of State Hillary Clinton. (Mr. Obama and Mrs. Clinton later donated the money to charities.)

How top financiers paid themselves £1bn before the wheels fell off

A dozen senior bankers whose influence has shaped the financial world gave themselves pay awards valued at more than £1bn before the credit crunch spectacularly exposed the fragility of the profits they appeared to have secured for shareholders. Although seemingly profitable during the boom, these same banks have since revealed losses, write-downs and emergency capital injections totalling more than £300bn.

GM US sales fall 49 pct; Ford, Toyota, Honda down

General Motors' U.S. vehicle sales plunged 49 percent in January while Ford's sales dropped 40 percent, starting 2009 at an abysmal pace for the auto whole industry as lower sales to fleet buyers like rental car companies weighed down the U.S. automakers' results.

Webmaster's Commentary:

Which means you and I are on the hook for those "loans" the Big Three automakers all got.

Auto sales near 27-year low

Ford Motor Co posted a 40 percent drop in January sales in the United States, the sharpest decline for the No. 2 U.S. automaker in 10 months of double-digit sales declines in the world's largest market for new cars and trucks.

Ford reports $5.9 billion loss

Automakers offer workers cars, cash to resign

GM will offer its U.S. hourly workers $20,000 in cash and a $25,000 voucher to buy a vehicle as an incentive to retire or leave the company, an official with the United Auto Workers union briefed on the plan said.

The No. 1 U.S. automaker declined to comment.

Chrysler's program offers retirement-eligible workers $50,000 in cash and a voucher of $25,000 for a new Chrysler vehicle if they leave, according to a person with direct knowledge of the offers.

Workers who opt to leave Chrysler with no retiree health care benefits would get $75,000 and a $25,000 car voucher, the person said.

Chrysler confirmed that it was offering a new round of buyouts to workers that would be available until February 25.

Both GM and Chrysler are under pressure to cut labor costs further under the terms of a $17.4-billion U.S. bailout extended to the two struggling automakers.

Under the terms of that emergency lending, Chrysler and GM face a February 17 deadline to show how they can cut debt, labor costs and other expenses in order to be viable in a deeply depressed market for new cars and trucks.

As Chrysler's sales have tumbled, the automaker has slashed production, cut models and eliminated jobs. The automaker, controlled by private equity firm Cerberus Capital Management , has cut some 32,000 jobs, $3 billion in costs and about 30 percent of its production capacity.

But sales continue to retreat. Chrysler led a sinking market lower with a 53-percent drop in December sales, and analysts see a chance for a drop near 50 percent when it posts sales results for January this week.

General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program

Book: "Breaking Rank"

Since the Age of Richard "I am not a crook" Nixon, one TRILLION dollars has been spent to criminalize tens of millions of Americans for possessing...a plant.

Cannabis is a plant.

A plant.

Not a weapon. Not a toxic substance. Not an explosive.

The former Chief of Police of Seattle believes it's time to stop spending $96 billion years a year to criminalize a plant and its users. So do most other people who don't have their heads firmly up you know where.

Tax Burden Threatens GM Revamp

General Motors Corp. is reaching out to the U.S. Treasury Department and Congress in hopes of avoiding a multibillion-dollar tax burden that could be attached to a new restructuring plan the auto maker is working to create by mid-February, according to people familiar with the effort.

Webmaster's Commentary:

Wait a moment ...

GM gets a multi-billion dollar injection of US taxpayer money, and not satisfied with that wants a break from taxes?!?

How about a tax break for AMERICANS? And I don't mean a $10 per paycheck reduction in withholding of a $100 credit for some obscure rule change, or any other "token" so that politicians can claim they kept their election promises.

I mean a flat out 50% across the board cut for EVERYONE. Right now.

Halliburton offers to pay $559M bribery settlement

Webmaster's Commentary:

So Halliburton gets caught paying bribes, and they get off the hook ... by paying more bribes?

Spanish police arrest six over massive '£420m London Stock Exchange fraud'

The five Spaniards and one Argentinian were detained in Spain as part of a long-running Serious Fraud Office investigation in relation to a company which was formerly listed on the AIM section of the London Stock Exchange.

One of the men is alleged to be a former member of Israel's Mossad.

Webmaster's Commentary:

The Mossad (there is no such thing as "former" unless you are Victor Ostrovsky) agent has been identified as Abraham Hochman, a principle in the company.

Hochman's name has turned up in other places, including an interesting story about a phony diploma mill in Los Angeles.

"On 16 November 2004, The Investigators on KVOA TV did a special feature on the 'Degrees for Sale' scandal. They decided to visit Pacific Western University at '1650 Western Boulevard, # 205, Los Angeles, California 90024'. It was a tiny office suite with two receptionists 'and a man who introduced himself as the dean.' The Investigators cornered various business professionals who had paid thousands of dollars to get a quick degree; for example, Dr. David G.Iadevaia had a PhD from Pacific Western which had earned him an extra $32,000 a year since 1992. He is just one among thousands, including Dr. Abraham Avi Arad Hochman, who controls Lambert Financial Investments, which owns the majority shareholding in Crown Corporation Limited, although it is controlled by Crown Management Corporation, a company controlled by Mariusz Rybak."

Soros cashes in again on the collapse of the pound

One of the world's leading investors and the man famed for "breaking the Bank of England" in 1992, George Soros, told the World Economic Forum yesterday that the current financial crisis is even worse than what was experienced during the Great Depression of the 1930s. Mr Soros also revealed that he has once again been selling sterling short, though he has now stopped betting against the pound. In a pessimistic tour d'horizon of global prospects, Mr Soros added that he did not think that America would return to robust 3 per cent growth for a decade.

It's time to rattle and bang in protest at this outrage

On Monday the Guardian reports on its investigation which reveals corporate tax avoidance on a gargantuan scale. Respectable FTSE 100 companies, household brands that are cornerstones of Britishness, have for years deprived British citizens of potentially billions - all done legally by battalions of super-accountants and lawyers.

As company wealth ballooned during the boom, the money going into Treasury coffers should have grown proportionately. But between 2000 and 2007 the proportion of tax paid by top companies fell. Where did it go? The very clever people who devised fiendish debt devices that blew up the banks also applied their brains to byzantine new tax avoidance strategies.

Webmaster's Commentary:

The government created the laws used by the very rich to avoids taxes. If the tax code of Britain were really honest and fair, it would fit in a pamphlet. But every page of those volumes and volumes of tax code books represents a special favor or loophole granted to favored political donors.

Jobless claims hit record peak, orders plummet

The number of jobless claiming benefits jumped to a record in mid-January, while new orders for durable goods fell for a fifth straight month in December, according to data on Thursday that showed the economy in steep decline.

Piling on the gloom for an economy mired in recession for more than a year, sales of newly built single-family homes slumped to their lowest levels since records started in 1963.

The batch of bleak data cast doubt on whether the economy would begin to recover in the second half of the year, since stability in the housing market, the root of the worst financial crisis in more than 70 years, may be a prerequisite.

Unemployment rose in every state in December

Rising unemployment spared no state last month, and 2009 is shaping up as another miserable year for workers from coast to coast.

Webmaster's Commentary:

Hardest hit is manufacturing. Until we get that back, the economy cannot be fixed.

Private Sector Cuts 522,000 Jobs in January

ADP said private employers cut 522,000 jobs in January versus a revised 659,000 jobs lost in December.

Unemployment up in 98% of metro areas; state-by-state list

Massive job losses: What's left to cut?

It's been a solid year of slow sales and job cuts - and businesses are running out of options for further cutbacks.

Airlines report ‘shocking’ plunge in traffic

The airline industry reported on Thursday an “unprecedented and shocking” plunge in global air cargo traffic.

Webmaster's Commentary:

Also passenger travel is way down. Today's headline is that Hawaii's tourism industry has cratered. Americans cannot afford to come here and the rest of the world despises the US for Afghanistan, Iraq, Torture, Gaza, talking everyone into a global economy then driving it off the cliff, etc. etc. etc.

Boeing Layoffs Reach 10,000

Japan's NEC says to cut groupwide workforce by 20,000

TOKYO (Reuters) – Japan's NEC Corp (6701.T)said on Friday it would cut its groupwide workforce by 20,000 people, and look for ways to exit its industrial liquid-crystal display-related business.

The job cut, to take place by March 2010, includes a previously announced staff reduction by NEC Electronics. As of the end of December, the group employed 150,000 people.

Macy's cutting 7,000 jobs

Japan's Panasonic to cut 15,000 jobs, shut plants

Panasonic Corp. said Wednesday it will slash as many as 15,000 jobs and shut 27 plants worldwide, joining a slew of major Japanese companies announcing deep cuts as the global slowdown batters the world's second-largest economy.

General strike cripples France

Hundreds of thousands of workers have begun a nationwide strike in France. Eight labor unions have called the industrial action to protest against what they say are insufficient measures by the government to tackle the economic crisis. Unions say that with unemployment mounting, French workers should not have to foot the bill for a crisis that has led to expensive government bailouts for banks, carmakers and other sectors. French President Nicolas Sarkozy has announced a 26-billion-euro stimulus package while pledging to press ahead with unpopular reforms to trim the public sector workforce and liberalize the labor market.

Huge crowds join French strikes

Huge crowds have taken to the streets in France to protest over the handling of the economic crisis, causing disruption to rail and air services.

Europe's winter of discontent

Thursday's French national strike reflects growing despair on the Continent with the way governments are handling the recession.

Webmaster's Commentary:

To judge by the US Government, the recession is not being dealt with, only exploited to justify looting the public treasury to enrich people already so wealthy they cannot remember how many houses they own.

Credit-crunch protests in Europe

You know, it occurs to me that small balloons filled with paint would render those see-through shields the cops like to cower behind pretty much useless. The cops can't hit what they can't see.

Protesters rally in Mexico City

Thousands protest in Russian east

Several thousand people have held a rally in Russia's Far East, demanding the government resign over the country's growing economic problems.

Buckling Europe fears protests may spark a new revolution

One poll said that 75 per cent of the public supported the action, which has the backing of the large union groups and opposition socialists. It will be a big test for President Nicolas Sarkozy but, more importantly, the strike will mark the biggest protest so far in one of the world's largest economies against the grief and distress being caused by the catastrophic global downturn.

The word went out on the web: every skilled man should strike

Fifteen minutes later, at 6.30am, 400 men began to gather outside the Wilton chemical complex on Teesside behind a banner demanding “British jobs 4 British workers”. At 8am 700 workers refused to enter the Ineos refinery in Grangemouth, Scotland.

By mid-morning the dispute had spread to a dozen power stations, oil refineries and chemical plants.

Thousands of refinery workers prepare to picket

With a third contract offer rejected, some 24,000 refinery workers from the Gulf of Mexico to Montana prepared to head to the picket lines Saturday just hours before an existing labor agreement expires.

Govt stimulus propping up big business: Greens

Australian Greens Leader Bob Brown has accused the Federal Government of risking billions of taxpayer dollars to prop up big business.

Webmaster's Commentary:

It seems that governments all over the world share the exact same attitudes and failings in regards to economic policy.

Maybe that's why the whole world is on the verge of riots.

Greece paralysed as farmers ratchet up protests

Thousands of Greek farmers demanding compensation for low commodity prices have threatened to step up a nine-day protest which has paralysed the country, cutting road links with its neighbours and leaving tonnes of fruit and meat rotting in lorries. Using tractors and trailers, the farmers have blockaded around 70 main roads, cutting Athens off from the second city of Thessaloniki in the north and closing border crossings with Bulgaria, Macedonia and Turkey.

Webmaster's Commentary:

Across the globe, people are waking up the fact that they are being impoverished to pay fictional debts gamed up using imaginary money.

And they are starting to fight back.

Rioting Greeks, angry Germans and why the euro may well collapse

The Brussels elite are pretending the question does not arise, but the financial world knows the question is there, hanging over the entire European Union economy: is the single European currency going to break apart?

Bitter end for 6,700 staff as coffee retailer Starbucks shuts shops

The company is being hit in part by slowing consumer spending and also by years of over-expansion at the hands of former management.

Webmaster's Commentary:

I notice that this article avoids any mention of the recent push to boycott Starbuck's because of its support for Israel.

Americans' saving more, spending less

Americans are hunkering down and saving more. For a recession-battered economy, it couldn't be happening at a worse time.

Economists call it the "paradox of thrift." What's good for individuals — spending less, saving more — is bad for the economy when everyone does it.

Webmaster's Commentary:

"If you don't go out and buy a flat panel TV on credit right now, the terrorists will have won!" -- Official White Horse Souse

So, forget about the tax breaks to companies to send your job to other countries, and forget about CEO perqs and pay, and forget about the derivatives, and REALLY forget about Bernie Madoff; it's really all YOUR fault the economy is in "Al Qaeda."

UK 'must cut spending or raise taxes,' say experts

The Government will have to raise taxes or cut spending by £20bn a year by 2015 to meet its own targets for restoring public finances, the Institute for Fiscal Studies said yesterday.

Webmaster's Commentary:

... or both.

The message is clear; the people will be forced to make do with less, so that the government may have more.

Britain faces worst year since 1930s, warns IMF

The International Monetary Fund added to Gordon Brown's woes last night when it warned Britain will be at the bottom of the league table of major developed countries this year, in the weakest year for the global economy since the second world war.

Gerald Celente: The Greatest Depression in History

Lew Rockwell interviews Gerald Celente

More from Gerald Celente:

He is Founder/Director of The Trends Research Institute.

The Trends Research Institute publishes The Trends Journal.

He was previously interviewed in episode 84. Gerald Celente: $2000 Gold and the Break up of the US


Bad times are big times for bank heists

FBI officials say they've noticed an alarming rise in the number of local bank robberies - some committed by thieves who just want to pay their bills.

Webmaster's Commentary:

During the great depression, bank robbers were often viewed as heroes by people who had lost their homes and businesses to the predatory banking practices that funded the roaring twenties.

Record 19 Million U.S. Homes Stood Vacant in 2008

Feb. 3 (Bloomberg) -- A record 19 million U.S. houses stood empty at the end of 2008 as banks seized homes faster than they could sell them and prices continued to fall.

Vacant homes in the fourth quarter increased by 6.7 percent from the same period a year ago, the U.S. Census Bureau said in a report today. The vacancy rate, the share of empty homes for sale, rose to 2.9 percent in the quarter, the most in data that goes back to 1956.

Freddie Mac to rent foreclosed properties

Fri- Jan 30, 2009 | Alan Zibel | Associated Press Real Estate Writer
Freddie Mac to rent foreclosed properties
Freddie Mac plans to allow borrowers to rent back properties after foreclosure

WASHINGTON (AP) -- Mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.

The goal of the new policy, announced Friday, is to prevent properties from becoming vacant so they won't fall into disrepair.

Aussie PM: Time for a New World Order...

Webmaster's Commentary:

Let's take all these people who want a New World Order and send them to Mars; let them order that new world all they want and LEAVE US ALONE!

Towards a Canada-EU Economic/Trade Agreement and Beyond

After dodging a bullet and almost being defeated late last year, Prime Minister Stephen Harper’s Conservative government recently tabled their much anticipated budget. It included a massive $85 billion deficit over the next five years. The Liberals have proposed an amendment that would hold the government more accountable, in order to ensure that budgetary funds are being used accordingly. If expectations are not met, the Liberals have said that they are prepared to bring down the Harper minority government.

Merkel, Brown Call for Global Economic Rules

German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.

Webmaster's Commentary:

Globalism got us into this mess, and calling for more globalism is like saying we can save the Titanic by slamming the other side of the bow into another iceberg to maybe bend it back.

£20 broadband charge to fight online music and film piracy

The agency would act as a broker between music and film companies and internet service providers (ISPs). It would provide data about serial copyright-breakers to music and film companies if they obtained a court order. It would be paid for by a levy on ISPs, who inevitably would pass the cost on to consumers.

Webmaster's Commentary:

So, all the law abiding computer users get to pay for the pirates' "free" music.

So these bozos are no longer simply stealing from the music and film companies, they are effectively stealing from all of us.

Congresswoman Kaptur Points Out The Revolving Door Between Wall Street & The White House

Webmaster's Commentary:

A good explanation of the rat's nest maze current mortgages are buried in, making legal recourse for home owners all but impossible.

Cross of Iron Speech

Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.

This world in arms in not spending money alone.

It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.

The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities.

It is two electric power plants, each serving a town of 60,000 population.

It is two fine, fully equipped hospitals.

It is some 50 miles of concrete highway.

We pay for a single fighter with a half million bushels of wheat.

We pay for a single destroyer with new homes that could have housed more than 8,000 people.

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