Understanding the Nature of the Global Economic Crisis
The people have been lulled into a false sense of safety under the rouse of a perceived “economic recovery.” Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western “civilization.” The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.
What began as a coup aimed at deposing a millionaire landowner president, whose “crime” had been to gradually shift Honduras away from US control and implement mild pro-people reforms, has spurned on a mass resistance movement with the potential to revolutionise the country.
Roberto Micheletti, installed as president after the military overthrew the elected government of President Manuel Zelaya, told the September 30 Argentine daily Clarin: “We removed Zelaya because he was a leftist … This worried us.”
However, more than 100 days since Zeyala was kidnapped at gunpoint and exiled to Coast Rica, Micheletti has even more to worry about.
Zelaya is back in the country, in the confines of the Brazilian embassy, and there is a mobilised population demanding more than just their president restored.
LeftViews is Socialist Voice’s forum for articles related to rebuilding the left in Canada and around the world, reflecting a wide variety of socialist opinion. In this article, an activist in the Honduran resistance meditates on the danger his country faces of a Haiti-style foreign military intervention.
Tegucigalpa, September 27, 2009 – The Honduras crisis has sparked great interest among thinkers of both Right and Left up and down the continent. Many people are reflecting on events, using all the analytical tools their knowledge permits. There is wide scope for speculation, mainly because – for most people – the actions of different forces have been so unexpected in character.
“The flu season is upon us. Which type will we worry about this year, and what kind of shots will we be told to take? Remember the swine flu scare of 1976? That was the year the U.S. government told us all that swine flu could turn out to be a killer that could spread across the nation, and Washington decided that every man, woman and child in the nation should get a shot to prevent a nation-wide outbreak, a pandemic.” (Mike Wallace, CBS, 60 Minutes, November 4, 1979)
“The federal officials and industry representatives had assembled to discuss a disturbing new study that raised alarming questions about the safety of a host of common childhood vaccines administered to infants and young children. According to a CDC epidemiologist named Tom Verstraeten, who had analyzed the agency’s massive database containing the medical records of 100,000 children, a mercury-based preservative in the vaccines — thimerosal — appeared to be responsible for a dramatic increase in autism and a host of other neurological disorders among children….
Report From Urumqi: Thousands of Chinese Troops Enter City Torn by Ethnic Clashes
Thousands of Chinese troops have flooded into the regional capital of the country’s western-most Xinjiang province following bloody clashes between the city’s Han Chinese and Uighur populations. Four days after the violence that left at least 150 dead and over a thousand injured, reports indicate an unsteady calm has returned to the city of Urumqi. We go to Urumqi to speak with Al Jazeera English correspondent Melissa Chan.[includes rush transcript]
[Editor’s Note: DS added the blockquotes and footnotes to previously published text.]
Image by Dandelion Salad via Flickr
Transcript of Chris Hedges’ presentation at the University of Missouri, Columbia, February 17, 2009. University Lecture sponsored by College of Arts and Science, Peace Studies Program, and Center on Religion and the Professions.
The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.
by Prof. Peter Dale Scott
Global Research, January 8, 2009
Paulson’s Financial Bailout
It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, and the normal procedures for orderly consideration of a bill were dispensed with.
The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the legislation, that it allowed Treasury Secretary Henry Paulson to permit bailed-out institutions to use public money for exorbitant salaries and bonuses, was inserted by Paulson after the immediate crisis had passed.
According to Congressman Peter Welch (D-Vermont) the bailout bill originally called for a cap on executive salaries, but Paulson changed the requirement at the last minute. Welch and other members of Congress were enraged by “news that banks getting taxpayer-funded bailouts are still paying exorbitant salaries, bonuses, and other benefits.”1 In addition, as AP reported in October, “Sen. Charles Schumer, D-N.Y. questioned allowing banks that accept bailout bucks to continue paying dividends on their common stock. `There are far better uses of taxpayer dollars than continuing dividend payments to shareholders,’ he said.”2 Continue reading →
The Battle To Save The Fiat Money System Has Begun
Global Central Banks Acting In Concert-
Disinformation In Financial Dailies To Confuse The People
When The Truth Dawns On Hapless People, There Will Be Blood On The Streets.
This Is The Warning By IMF!
The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war criminals Bush, Blair and Howard to launch the barbaric war against Iraq and Afghanistan which resulted in the genocide of millions, the mutilation of hundreds of thousands, physically and psychologically, and the devastation of an entire nation.
The wars unleashed thus far, specifically the “War on Terror” were launched to preserve the shadow money-lenders’ political and military power.
This War on Terror is the greatest military sideshow that distracted the American people from the financial rape and plunder of their economy and the destruction of their Constitution.
Since the Summer of 2007, we have witnessed a concerted effort by the world’s central banks and global commercial and investment banks to preserve the shadow money-lenders’ financial power, one that is founded on fraud and structured in every detail as in the infamous Ponzi scheme.
Vigilant Shield 09: A Cover for Illegal Domestic Operations?
On November 17, U.S. Northern Command (NORTHCOM) and the North American Aerospace Defense Command (NORAD) concluded Vigilant Shield 09 (VS09), described in a press release as a training exercise focused on “homeland defense and civil support.”
Launched by President Bush in 2002 in the aftermath of the September 11, 2001 terrorist attacks, NORTHCOM has been mired in controversy since its creation. Among its more dubious accomplishments were illegal domestic spying operations in conjunction with the Pentagon’s shadowy Counter Intelligence Field Activity unit (CIFA) that targeted antiwar activists.
Despite CIFA’s shut-down and the alleged dismantling of its TALON database (now incorporated into the FBI’s Guardian Threat Tracking System), SourceWatchrevealed that “in accordance with intelligence oversight requirements, the DoD will maintain a record copy of the collected data.” One can’t help but wonder whether that “record copy” of TALON somehow migrated into a NORTHCOM database.But the NORTHCOM-CIFA liaison wasn’t the only episode of illegal military spying on Americans to come to light. In May, the San Diego Union-Tribunereported that Marines, including a Colonel and the co-founder of the Los Angeles County Terrorist Early Warning Center, stole top secret intelligence files from Camp Pendleton’s Strategic Technical Operations Center.Among the documents filched by the intelligence privateers were those marked “Top Secret, Special Compartmentalized Information,” the highest U.S. Government classification. The files included surveillance dossiers on the Muslim community and antiwar activists in Southern California.
Before being run to ground by investigators, the spy ring regularly received and disseminated secret files and surveillance reports transmitted by Lauren Martin, a Navy reservist who worked as an outsourced intelligence analyst at NORTHCOM headquarters in Colorado Springs. Martin was responsible for the region that included Southern California.