As you can tell from the title of this small piece, I am not a big fan of the U.N. Sure it was conceive, perhaps, with the most noble of thoughts but has transgressed into the embodiment of evil.
It is now a ‘multinational’ agency that answers to no one. They can send troops in, with the approval of members, to what end no one knows. For example, the U.N. had a ‘peacekeeping’ force in Rwanda before the infamous genocide began and Kofi Annan (later became the Secretary General of U.N. until 2006), who was head of the peacekeepers, and the Secretary General Boutros Bourtros Ghali refused to let them prevent the ensuing slaughter. The details of which are truly horrendous.
And speaking of corruption, take a look at the ‘oil for food’ program the U.N. ran for Iraq during the time that they were embargoed by the U.N. nations. The secretary general was paid millions by Saddam to look the other way when sales were made to his cronies. Wow, what a job eh?
The peacekeepers themselves have a sorry reputation. Raping, pillage, corruption and general bad behavior are at the top of the list for what they are known for. Not only this but in the Cote d’Ivoire they massacred hundreds of people that were having a peaceful protest against their presence. Apparently they didn’t like that too much and opened fire on men, women and children. So much for peace keeping.
You can get more of the bigger picture with some detail by watching the movie, U.N. Me. I urge you to watch this horrifying piece and see for yourself what a con job has been foisted on the citizens of this country and the world!
Remember that We The People fund this dastardly operation, at least in part, along with billions more around the world. What a waste of time and money. I am for disbanding this band of outlaws forthwith! How about you?
Hawk and Darren are live June 2nd, 2011 6-7pm. Catch a very interesting conversation as Hawk discusses events occurring all around us and what you may be able to do to avoid getting caught up in a bad situation.
There are a lot of balls up in the air right now and I have to keep reminding myself what they are. There are so many that the normal person, like me, just can’t remember them all, at least at once. Correct me if I wrong, or feel free to write and add to the list:
1. This week at number one, at least in my mind, Nuclear Emergency in Japan is not looking too much better. Radiation continues to show up in very high concentrations in short periods of time and is becoming chronic, i.e. high doses constantly over time.
2. Perhaps even more significant, at least for all of us here in the good ole U.S.A, radiation has now arrived. Honestly, I can’t tell you how much or where at this point. I do know the government has confessed to WA, CA and CO (where I live) so logically you would assume that every state between CA and CO is probably seeing increased levels of radiation. I am taking more Enerfood, Bladderwrack and/or ThyRobust now. What we don’t know is when or if the really nasty by products such as cesium will show up and even minute amounts are fatal.
The problem with the #2 issue is we don’t really know what the isotopes are that are showing up or in what concentrations. Is it 100,000 times smaller than a 1 day or 1 year dose that we get naturally? Is it 100,000 times or 100 times or what? I don’t know about you but I don’t really get that warm trusting feeling when our illustrious government tells us anything.
3. Libya. Well the Pres had gone and done what the previous President excelled at, going to war without congressional approval! Ron Paul has it right on this one! Right now I feel as if we are headed in a direction that will not prove too fruitful over the long term.
On the one hand we have Quaddafi killing his own citizens and the Arab nations all wanted a ‘no fly’ zone until they realized what that meant exactly (as if they didn’t know to begin with). Yet at the same time we have the Saudis sending in troops and fighting the Bahrain citizens along with the Bahrain forces, with some deaths being recorded yet underreported. I don’t know about you but this seems a bit hypocritical if you ask me. What makes a Libyan citizen ‘worth more’ than a Bahrain citizen? This becomes even more incredible as you look around the world at the various forms of barbarism/ugliness that is happening as I write and I am only going to mention the countries outside of the Mid East: Somalia has had a huge ‘humanitarian crisis’ happening for the past 20 years but with no oil-no outside ‘assistance’, Zimbabwe is another nation suffering from grave ‘humanitarian crisis’ yet little has been done to ‘help’ them out either (I am using the word help very loosely here), Darfur is yet another along with the Sudan that have suffered severe ‘humanitarian crisis’ and all of these are not by any means all inclusive and they all can be compared to the intense slaughter in Rwanda some years back while everyone knew about it yet did nothing….Why is this you might ask? Easy answer: OIL, THEY DON’T HAVE ENOUGH TO SPEAK OF!
Make no mistake about it these undeclared ‘wars’ are for nothing more than ‘protecting’ our American way of life. The question remains what the heck is that? Is it the special interests that require profits and oil to make the machinery run? Is it the average citizen here that requires oil to make the products and autos run that the special interests made and sold to us? How much is all this worth to the average human being in this country and world? Is it worth the risk and lives of our young people who will have to fight these wars?
4. Geo Political imbalances are caused when our country and others engage in actions in the Mid East. Do you really think that China and Russia will let NATO and/or the U.S. and/or Europe (in the collective) get by without any consequences? I believe that is a very naive presumption in the current environment!
5. More weird, very bad, weather is predicted to be coming our way in all areas of the world. Earthquakes, Floods, Hurricanes etc, more of them and worse. So this can inconvenience you, well it can do a lot more than that. There are already crop shortages in several areas and I think that this will only get worse. Some of the bloggers on the net think it will get MUCH, MUCH worst to the point where food will become as precious as gold, even more so as you can’ t eat gold!
6. Then we have the deteriorating economies throughout the world. The news isn’t too great here in the U.S. and can be said to be even worse in the E.U. with Portugal on the brink of financial disaster. With the phrase financial disaster the precursor to financial bailout…further weakening the weakened fabric of the world economy. As the events unfold in the world today we cannot help but see the interconnectivity of all peoples and countries in the world.
The above list is again by no means all inclusive but certainly enough to get your juices going eh? Don’t become a victim of the news cycle…there is always something else to move onto and shift your attention to or from. Stay focused here and please, the cost of minimal preparation is so much less than the potential for great suffering it is a shame not to at least buy some food and water to store-your survival may be at stake.
If this article is true, and I have not doubt that it is at least hitting on the fringes of some, then the elites are in the process of enslaving the people of Egypt. The money brokers will gain the upper hand and begin, over time, to dictate policy to the new leaders.
I can only hope that the people of Egypt find the will to stand up to this piracy, much like the people of Greenland have since 2009. There is little reason to ‘buy’ into the ‘rules of order’ that the bankers would have you believe are necessary to maintain order…There is another way.
Tune into Health Freedom Radio every Wednesday for the next 4 to 6 weeks to see how this might possibly be done. We ourselves did not have to succumb to the dictates of Wall Street 2 years ago.
KISS EGYPT’S REVOLUTION GOOD-BYE
By 21st Century Wire
After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North Africa
By Richard Eastman
21st Century Wire
Feb 25, 2011
The European Bank for Reconstruction and Development (EBRD) is ready to lend one billion EUROS a year to Egypt for reconstruction and “free-market reform”- even as Egypt’s Minister of Finance Samir Radwan has gone begging to the City of London bankers and the British Ministry of Trade and Investment for relief on debt payments that are about to throw Egypt into bankruptcy.
All this, as Egypt has been such a good boy with regards to privatization and austerity, measures which awarded Egypt its celebrated 7 percent growth rate- mostly in investments that will end up in international hands as ventures fail to pay out with ever diminishing Egyptian domestic purchasing power.
FRESH CYCLES OF DEBT
First EBRD will lend at interest and build what they want backed by Egyptian collateral and the value of the projects themselves. Then when it turns out they can’t make the debt payments because of all the interest we have sucked from them, we take over all of the assets we have developed. That’s freedom and EBRD is really going to give it to them. After all EBRD is experienced at this. In 1991 the EBRD was organized to financially lead Russia and Eastern Europe in their transition from paternalistic socialism to sustainable free-market economies open to international investment.
COLLATERAL DAMAGE: World Bank and hatchet institutions like the EBRD begin carving up Egyptian assets against new loans.
The U.S. is the EBRD’s largest shareholder, although the combined stakes of European Union nations give that bloc the greatest say in how it operates. EBRD President Thomas Mirow in a speech at Oxford University declared:
“Twenty years ago, the EBRD rose to the challenge posed by the collapse of communism. Today, in the Middle East… we are ready to act again, championing the values that we hold dear. . . We have the ability to deliver the development of the private sector, particularly the small and medium-sized enterprises which drive job creation and thus supplement the efforts of other international financial institutions which focus on public infrastructure.”
European Union foreign policy chief Catherine Ashton told Egyptian Foreign Minister Ahmed Aboul Gheit that the EU will permit new loans and provide “expertise” if Egypt ‘willing to make the necessary economic reforms’ in order to get them.
Meanwhile new parties are being formed through Facebook to counter, and crowd out traditionally popular organizations like the Muslim Brotherhood. New Parties like the “25th of January Party” — no indication of what it stands for in the name — has garnered hundreds of thousands of “likes”. Another Party, the “Freedom and Justice Party” is a magnet for a secular pro-free-market Egyptians looking for power and position in the new Egypt. But a hundred other parties are being financed, each directed at peeling away one or more demographic groupings from the Muslim Brotherhood.
This important work is proceeding as the world is distracted by the violence in Libya. By the time the world is ready to look at Egypt again, the nation will show an entirely different political landscape.
It is clear that the little people have lost again, that Egyptians have lost their revolution and that the people simply are not well enough informed to raise up their own alternative to domination by International Finance. The so-called Egyptian revolution has been hijacked by the Rothschilds while the world has shifted its eyes to Libya.
Meanwhile, Citi Group and the global banking elite continue formulating and farming their emerging markets:
“Citi has unveiled what it dubs the ‘3G’ countries: Global Growth Generators. The 11 countries it picks out as leading lights are Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, the Philippines, Sri Lanka and Vietnam.”
– The Wall Street Journal 2-24-2011
The closure of Egypt’s banks for two of the past three weeks has added strain on an economy already reeling from the evaporation of tourism and a prolonged stock market closure caused by the political upheaval that ousted long-time leader Hosni Mubarak. The bank shutdown and the draining of ATM machines have paralyzed businesses and left ordinary people scrambling for cash.
INVISIBLE HAND: US and Israeli regional policy goals are steering ‘banking reconstruction’ efforts in Egypt.
The country’s banks had long been a source of pride for Egyptians, with its strong regulatory environment and their lack of investments in the kind of toxic assets that hammered Western banks helped Egypt weather the worst of the global financial meltdown.
Two weeks Moody’s Investors Service downgraded its credit ratings for five Egyptian banks. Future loans from international agencies will depend on eliminating those regulations and meeting other benchmarks for “free-market reform”.
BANK HOLIDAY: ORDER OUT OF CHAOS
Banks remained open the first few days of the 18-day democracy uprising. But after a weekend of looting, arson and lawlessness on Jan. 28-29, they closed for a week and many ATMs ran out of cash. The following week, the banks closed. They reopened the week of Feb. 6-10 and this week on Sunday. The military-led caretaker government has sought to re-establish a measure of normalcy after Mubarak’s ousting. Banks reopened on Sunday and officials breathed a sigh of relief when a much-feared run on them did not materialize— the first weekday following Mubarak’s exit. They closed again on Monday, the central bank ordering them to remain shut at least until the start of next week on Sunday.
A week ago, Credit Suisse estimated that the unrest had cost the country at least $310 million per day, and predicted the Egyptian currency would come under heavy pressure as investors shifted to dollar deposits or pulled their money out entirely. Those projections for economic growth this year were quickly revised down from 6 percent, to between 2 and 4 percent respectively.
The European Investment Bank (EIB) , on Tuesday, requested $1.4 billion is needed for lending from the European Union to support the transition to democracy in Tunisia, Egypt and other Arab countries.
In addition, the bank wants clearance to reinvest money repaid from earlier transactions which will raise the total to $8.2 billion over three years. EIB President Philippe Maystadt said the $8.2 billion would allow them to do something significant in coming years, especially for new projects in job creation for young people, who have become frustrated with lack of job opportunities and as a result, become the main drivers… for uprisings.
In 2010, the EIB lent a record $3.5 billion to projects in the Arab region, making it the biggest provider of long-term financing there, Maystadt said. That being said, Maystadt admitted of the $11.9 billion allocated between 2008 and 2013, only about $3.8 billion is left, and they are ready to do more. The EIB invests in new enterprises, lending funds to small and medium-sized companies, as well as investing in new transport, energy and infrastructure for new developments. Typically, it raises money by issuing bonds, guaranteed by the EU against political risk. Current projects include Morocco, Tunisia, Syria, Egypt, the Palestinian Territories, Lebanon and Algeria, but has not been authorized to invest in Libya.
I suspect that the people of Egypt will not allow this sell out to be accomplished. I suspect that we will see much more unrest in the region, Oman is experiencing the wrath of the people as we write, and this will lead to more empowerment of the people and who know, we could actually see people of integrity come forward to put the peoples needs before their own and/or the money changers’.
I can’t believe that people in the heretofore unaffected areas, vis a vis housing price slump, could ever think that their local economy was immune to the current housing debacle. I don’t think we have seen the bottom yet and will probably witness further even more dramatic declines…unfortunately.
This economy is not getting better, debt is growing and the political tribe seems to have no backbone to begin getting us back on track fiscally!
Housing Crash Is Hitting Cities Once Thought to Be Stable
SEATTLE — Few believed the housing market here would ever collapse. Now they wonder if it will ever stop slumping.
The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune — economically diversified cities where the boom was relatively restrained.
In the last year, home prices in Seattle had a bigger decline than in Las Vegas. Minneapolis dropped more than Miami, and Atlanta fared worse than Phoenix.
The bubble markets, where builders, buyers and banks ran wild, began falling first, economists say, so they are close to the end of the cycle and in some cases on their way back up. Nearly everyone else still has another season of pain.
“When I go out and talk to people around town, they say, ‘Wow, I thought we were going to have a 12 percent correction and call it a day,’ ” said Stan Humphries, chief economist for the housing site Zillow, which is based in Seattle. “But this thing just keeps on going.”
Seattle is down about 31 percent from its mid-2007 peak and, according to Zillow’s calculations, still has as much as 10 percent to fall. Mr. Humphries estimates the rest of the country will drop a further 5 and 7 percent as last year’s tax credits for home buyers continue to wear off.
“We went into 2010 feeling gangbusters, thanks to Uncle Sam,” Mr. Humphries said. “We ended it feeling penniless, with home values tanking.”
The fact that even a fairly prosperous area like Seattle was ensnared in the downturn shows just how much of a national phenomenon the crash has been. The slump began when the low-quality loans that drove the latter stage of the boom began to go bad, but the resulting recession greatly enlarged the crisis. Many people could not get a mortgage, and others simply gave up the hunt.
Now, though the overall economy seems to be mending, housing remains stubbornly weak. That presents a vexing problem for the Obama administration, which has introduced several initiatives intended to help homeowners, with mixed success.
CoreLogic, a data firm, said last week that American home prices fell 5.5 percent in 2010, back to the recession low of March 2009. New home sales are scraping along the bottom. Mortgage applications are near a 15-year low, boding ill for the rest of the winter.
It has been a long, painful slide. At the peak, a downturn in real estate in Seattle was nearly unthinkable. In September 2006, after prices started falling in many parts of the country but were still increasing here, The Seattle Times noted that the last time prices in the city dropped on a quarterly basis was during the severe recession of 1982.
Two local economists were quoted all but guaranteeing that Seattle was immune “if history is any indication.” A risk index from PMI Mortgage Insurance gave the odds of Seattle prices dropping at a negligible 11 percent.
These days, the mood here is chastened when not downright fatalistic. If a recovery depends on a belief in better times, that seems a long way off.
Those who must sell close their eyes and hope for the best. Those who hope to buy see lower prices but often have lighter wallets, removing any sense of urgency.
Arne Klubberud and Melissa Lee-Klubberud paid $358,000 for a new, 960-square-foot townhouse on trendy Capitol Hill a few weeks after that Seattle Times article was published. Now, with one child and with hopes for more, they need more space. They just put the townhouse on the market for $300,000.
“Obviously, this is not the ideal situation,” said Ms. Lee-Klubberud, a 32-year-old lawyer. They are hoping to take advantage of the sour market to buy at a good price, but first, they must sell for an amount that is acceptable. “Everyone has their limits,” she said. “We have ours.”
On a dark, dank Sunday, a handful of people came to look at the three-level unit. One of them was Katherine Davis, who had just sold her house in the far eastern suburbs. It took 14 months, during which she had to drop the price several times. The equity she had accumulated over the decades disappeared quickly.
“At first, I thought it would be nice to come out of this with $200,000, but I adjusted my expectations,” Ms. Davis said. She ended up with less than half of that. Her goal is to buy a small place in the city, but not yet. “Selfishly, I’m hoping the market continues to drop,” she said.
Increasing numbers of sellers are simply surrendering.
Megan and Ryan Dortch tried to sell their one-bedroom Eastlake condo for $325,000 two years ago. They rejected an offer of $295,000 as inadequate. A year later, they relisted it for $289,000, then $279,000, which was less than they paid. Without a sale at that price, they could not afford to buy a place big enough for them and their new baby.
They have given up on real estate. They are renting out their old apartment at a small loss every month, and living in a rented house. “I don’t expect the market to get better,” said Ms. Dortch, 31, a customer service consultant.
Neither does Gene Burrus, another frustrated seller who became a landlord. “Rent is so cheap it doesn’t make sense to buy now,” he said. He might reconsider if 10 or 15 percent more comes out of the market.
Redfin, a real estate brokerage firm based in Seattle, says foot traffic began picking up in the last several weeks. Mortgage rates are rising, which could nudge those who need to buy to make a deal now for fear rates will rise even more.
But whenever the market finally does pick up, all those accidental landlords will want to unload, putting another burden on the market. “So many sellers are waiting in the shadows,” said Redfin’s chief executive, Glenn Kelman. “The inventory is going to expand and expand and expand. I don’t see any basis for significant price increases.”
While almost every economist is expecting another round of price declines for the next few months, many see a leveling off in the second half of the year. Fiserv, the company that produces the monthly Case-Shiller Home Price Indexes, analyzed prices in 375 communities. About three-quarters of them will be stable by December, Fiserv calculates.
“We’re at a period near the bottom but with more volatility than we normally see at this point,” said David Stiff, Fiserv’s chief economist. “This sort of double dip is unprecedented for housing.”
Maybe that is why belief in a bottom is as elusive now as fears of a top were in 2006.
“We would love to have a house,” said Dan Cunningham, a 41-year-old renter. “I have more than enough for a down payment. I’m preapproved for a loan. But I have to have confidence it’s not going to lose another 20 percent.” He plans to wait until he sees prices rising before making any offers.
I have a house for sale in the mountains of Colorado…any takers?
Once again more news from the elites giving you fair waring that food prices are going to continue to rise…and rise quickly. Coffee prices are soaring as well as all food commodities. I personally am astounded at how fast this is happening.
As prices rise you will see more food riots worldwide and probably some wars over land to use for growing food. We are not immune, our food prices have increased dramatically over the past year and will continue to do so for quite some time. Our currency will not help us and will in fact cause a faster increase in prices here.
We must get ready to manage our food chain and community locally, the central government cannot do this for us! In fact, in my opinion, their help would be most unwelcome and inefficient. Think about it, have they demonstrated a penchant for efficiency?
World Bank: Food prices at “dangerous levels”
World Bank report says food prices are at “dangerous levels” after rising 29 percent in a year
WASHINGTON (AP) — World Bank President Robert Zoellick says global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries.
The bank says in a new report that global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Zoellick says the rising prices have hit people hardest in the developing world because they spend as much as half their income on food.
The World Bank estimates higher prices for corn, wheat and oil have pushed 44 million people into extreme poverty since last June.
Zoellick said he expects food prices to continue to rise, and that export bans and weather disruptions are partly to blame.
Enerfood can extend the life of stored foods by 30% just by using it as a ‘meal’ once a day!
As reported here last week, Bahrain protesting was to get underway….I expect to see Kuwait demonstrations next. Our contacts in the Mid East are saying things will change pretty dramatically over the next 6 to 9 months in just about every country. No one wants to be left out.
Expect large fluctuations in currencies, big moves in Gold and Silver and some downside to our stock market. Of course, oil prices will get ridiculous. Also, get ready for some really big price increases in coffee…the spot commodity market is up to heights never before seen and going up to new highs daily…I have never witnessed such before.
Bahrain protesters take control of main square
By BRIAN MURPHY, Associated Press Brian Murphy, Associated Press – 1 hr 28 mins ago
DUBAI, United Arab Emirates –
Bahrain protesters take control of main square
Security forces have battled demonstrators calling for political reforms and greater freedoms over two days, leading to the deaths of two protesters and the main opposition group vowing to freeze its work in parliament in protest.
In a clear sign of concern over the widening crisis, Bahrain’s King Hamad bin Isa Al Khalifa made a rare national TV address, offering condolences for the deaths, pledging an investigation into the killings and promising to push ahead with reforms, which include loosening state controls on the media and Internet.
“We extend our condolences to the parents of the dear sons who died yesterday and today. We pray that they are inspired by the Almighty’s patience, solace and tranquility,” said the king, who had previously called for an emergency Arab summit to discuss the growing unrest.
As the crowds surged into the Pearl Square in the capital of Manama, security forces appeared to hold back. But key highways were blocked in an apparent attempt to choke off access to the vast traffic circle — which protesters quickly renamed “Nation’s Square” and erected banners such as “Peaceful” that were prominent in Cairo’s Tahrir Square, the epicenter of protests there.
The dramatic move Tuesday came just hours after a second protester died in clashes with police in the strategic island kingdom, which is home to the U.S. Navy’s 5th Fleet.
Oppositions groups aren’t calling for the ruling Sunni monarchy to be ousted, but they do want an end to its grip on key decisions and government posts.
Other demands — listed on a poster erected in the square — included the release of all political prisoners, more jobs and housing, an elected Cabinet and the replacement of longtime prime minister, Sheik Khalifa bin Salman Al Khalifa.
Click image to see photos of protests in Bahrain
The nation’s majority Shiites — about 70 percent of the population of some 500,000_ have long complained of discrimination and being blackballed from important state jobs.
Many in the square waved Bahraini flags and chanted: “No Sunnis, no Shiites. We are all Bahrainis.” It also appeared they were planning for the long haul. Some groups carried in tents and sought generators to set up under a nearly 300-foot (90-meter) monument cradling a giant white pearl-shaped ball that symbolizes the country’s heritage as a pearl diving center.
Bahrain is one of the most politically volatile nations in the Middle East’s wealthiest corner despite having one of the few elected parliaments and some of the most robust civil society groups. A crackdown on perceived dissent last year touched off weeks of riots and clashes in Shiite villages, and an ongoing trial in Bahrain accuses 25 Shiites of plotting against the country’s leadership.
A prolonged showdown could draw in the region’s two biggest rivals: Saudi Arabia, as close allies of Bahrain’s Sunni monarchy, and Iran, whose hard-liners have spoken in support of the nation’s Shiite majority.
Bahrain is also an economic weakling compared with the staggering energy riches of Gulf neighbors such as Saudi Arabia and Qatar, which can afford far more generous social benefits. Bahrain’s oil reserves are small and its role as the region’s international financial hub have been greatly eclipsed by Dubai.
One protester, 24-year-old Hussein Asamahiji, echoed the complaints from Tunisia and Egypt: a lack of jobs and allegations that the ruling elite monopolizes the best opportunities.
“We simply want the chance at a better future,” he said. “Egypt showed it’s possible.”
The bloodshed already has brought sharp denunciations from the largest Shiite political bloc, which suspended its participation in parliament, and could threaten the nation’s gradual pro-democracy reforms that have given Shiites a greater political voice.
The second day of turmoil began after police tried to disperse up to 10,000 mourners gathering at a hospital parking lot to begin a funeral procession for Ali Abdulhadi Mushaima, 21, who died in Monday’s marches.
Officials at Bahrain’s Salmaniya Medical Complex said a 31-year-old man became the second fatality when he died of injuries from birdshot fired during the melee in the hospital’s parking lot. The officials spoke on condition of anonymity because they were not allowed to speak to journalists.
After the clash, riot police eventually withdrew and allowed the massive funeral cortege for Mushaima to proceed from the main state-run medical facility in Manama. He was killed Monday during clashes with security forces trying to halt marches to demand greater freedoms and political rights. At least 25 people were injured in the barrage of rubber bullets, birdshot and tear gas, relatives said.
The main Shiite opposition group, Al Wefaq, denounced the “bullying tactics and barbaric policies pursued by the security forces” and said it was suspending its participation in parliament, where it holds 18 of the 40 seats.
The declaration falls short of pulling out the group’s lawmakers, which would spark a full-scale political crisis. But Al Wefaq warned that it could take more steps if violence persists against marchers staging the first major rallies in the Gulf since uprisings toppled long-ruling regimes in Tunisia and Egypt.
A statement from Bahrain’s interior minister, Lt. Gen. Rashid bin Abdulla Al Khalifa, expressed “sincere condolences and deep sympathy” to Mushaima’s family. He expanded on the king’s pledge: stressing that the deaths will be investigated and charges would be filed if authorities determined excessive force was used against the protesters.
But that’s unlikely to appease the protesters, whose “day of rage” Monday coincided with major anti-government demonstrations in Iran and Yemen.
In the past week, Bahrain’s rulers have attempted to defuse calls for reform by promising nearly $2,700 for each family and pledging to loosen state controls on the media.
State media reported that the king telephoned the head of Egypt’s ruling military council, Field Marshal Hussein Tantawi, on Tuesday. No further details were given, but Bahrain had earlier appealed for an emergency summit of Arab leaders to discuss the widening protests.
Bahrain’s ruling Sunni dynasty also has extremely close ties with the leadership in Saudi Arabia, which is connected to Bahrain by a causeway. Bahrain has given citizenship to Sunnis in Saudi Arabia and across the region to bolster its ranks against the country’s Shiite majority.
Bahrain’s Sunni leaders point to parliamentary elections as a symbol of political openness. But many Sunnis in Bahrain also are highly suspicious of Shiite activists, claiming they seek to undermine the state and have cultural bonds with Shiite heavyweight Iran.
Things are heating up, I can only hope that you are prepared mentally, physically and spiritually for the changes I think we will be seeing.
As I have been saying for over a year, this economic recovery is limited to wall street and those than can benefit for same. Small businesses, the engine of our economy-employing over 60% of the PEOPLE-can’t get any credit….
Ok so large businesses can get government bail outs so they don’t have to take any Risk…largely by loaning to the very engine of the economy…how perverse can we get?
Egypt anyone? We have opened ourselves up to lies, lies and more lies…
Banks slashed small business lending by $43 billion
NEW YORK (CNNMoney) — The numbers back up what small business owners have been saying for two years: Main Street suffered a brutal credit crunch.
The total value of outstanding loans to small businesses plunged by $43 billion, or 6.2%, between June 2009 and June 2010, according to a report released this week by the Small Business Administration. That’s a drop of $59 billion, or 8.3%, from June 2008.
Measuring lending to small businesses is like trying to nail Jell-O to a wall, because every institution and government agency has its own definition of what constitutes a small business. For this week’s study, the SBA drew on data reported to the Federal Deposit Insurance Corp., which tracks lending by the banks it regulates. Both the SBA and FDIC assume that all commercial loans of $1 million or less went to a small business.
The drop-off in small business loans came against an overall backdrop of reduced lending. Lending to large businesses — measured by commercial loans of more than $1 million — dropped by $156.2 billion, or 8.9%, between 2009 and 2010.
Reduced demand played some role in the declines: As sales dried up through the recession, fewer businesses needed loans for expansion and capital investments.
But government watchdogs have been concerned that the credit clampdown went too far, cutting viable small businesses off from an essential financial resource. Larger businesses have access to other capital sources, like selling stock or courting outside investors. A typical small business, like your local dry cleaner, has one just option when it comes to getting a credit line: a bank.
“Small businesses are important to the national and local economy, but their existence depends on their ability to access credit,” the SBA said in its report.
The SBA’s own lending program, which doesn’t make direct loans but insures qualifying bank loans against default, also dwindled during the recession.
The number of loans backed by the agency’s flagship 7(a) program fell sharply from 2007 to 2008 and plunged again the following year. The total dollar value of the loans also plummeted, dropping 27% in 2009 to $9.3 billion.
A series of stimulus-funded SBA loan sweeteners that launched in early 2009 helped reverse the decline: SBA-backed lending rose in the 2010 fiscal year (which ended Sept. 30) to $12.6 billion, just shy of 2008’s total. Those stimulus efforts were discontinued on Dec. 31.
0:00 /5:00Microlending meets credit cards
No easy way out: Policymakers have made a big show of studying the small business credit crunch. The Federal Reserve hosted a series of more than 40 meetings across the country last year with small businesses, financial institutions, trade groups and regulators.
Its conclusion? The problem is “complex and multifaceted.” That’s what Julie Stackhouse, a senior vice president with the Federal Reserve Bank of St. Louis, wrote in the Fed report summarizing the input from the meetings.
The Fed’s solution: America is going to have to brainstorm its way out of this one.
As an example of “an innovative effort to disperse credit,” the Fed cited a pilot program Sam’s Club launched last year to offer discounted SBA loans to its shoppers.
“The entrepreneurial spirit, which is indicative of most small businesspersons, is going to be critical for those entities to come up with solutions — whether private or public, for profit or nonprofit, or a consortium of parties working in concert — to provide credit,” Stackhouse wrote in the Fed report.
The government has launched some specific policy efforts aimed at relieving the small business lending crunch — but data from the SBA’s lending report suggests that those programs may miss the mark.
The Small Business Jobs Act, passed in September, authorized the creation of a $30 billion fund run by the Treasury Department that offers ultra-cheap capital to banks with less than $10 billion in assets. The idea is that pumping capital into small banks will get money in the hands of Main Street businesses.
But the SBA’s new lending report includes a fresh reminder that small banks play a small role in the overall lending market.
“The largest lenders — those with assets exceeding $10 billion — continued to dominate the small business loan market,” the SBA wrote.
I have only one thing to say…when you get sick and tired…CIVIL DISOBEDIENCE
The title is not too far off. I suspect it has been the plan all along to diminish the dollar and the U.S. Now the IMF is calling for SDRs to replace the buck and take control of the world monetary supply. Unfortunately, the folks running that operation are not the good guys!
Not only are the elites calling for the demise of the dollar but our own elites here in this country are actively engaged in devaluing our currency through the debt…or the monetization thereof…just print more money and we will be just fine…NOT!
IMF calls for dollar alternative
By Ben Rooney, staff reporterFebruary 10, 2011: 4:37 PM ET
NEW YORK (CNNMoney) — The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.
The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.
SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs
While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.
Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.
“Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” he said.
The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.
In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks’ dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.
Oil prices usually go up when the dollar depreciates. Supporters say using SDRs to price oil on the global market could help prevent spikes in energy prices that often occur when the dollar weakens significantly.
The dollar alternatives
Fred Bergsten, director of the Peterson Institute for International Economics, said at a conference in Washington that IMF member nations should agree to create $2 trillion worth of SDRs over the next few years.
SDRs, he said, “will further diversify the system.”
Dollar firms after starting 2011 weak
The dollar has been drifting lower so far this year as the global economy improves and investors regain their appetite for more risky assets such as stocks and commodities.
After rising above 81 in early January, the dollar index, which measures the U.S. currency against a basket of other international currencies, eased below 77 earlier this week.
However, the dollar was higher Thursday against the euro, pound and yen as disappointing corporate results weighed on stock prices following several days of gains on Wall Street. The rally in the commodities market also cooled, with the price of oil and metals backing off recent highs.
In addition, renewed concerns about the debt problems facing troubled European economies put pressure on the euro and supported the dollar. The yield on Portugal’s benchmark bond rose to a record high Wednesday, and borrowing costs for Ireland, Spain and Greece remain elevated.
“The market is shedding risk, with equities and commodities weakening and the U.S. dollar broadly stronger” said Camilla Sutton, currency strategist at Scotia Capital.
Traders were also digesting comments from Federal Reserve chairman Ben Bernanke, who told Congress Wednesday that despite a strengthening economic recovery, the unemployment rate remains high while inflation is “still quite low.”
Those remarks reaffirmed the view that “the Fed would be very slow to tighten policy given its dual mandate of price stability and employment,” analysts at Sucden Financial wrote in a research report.
Bernanke also urged lawmakers to come up with a “credible plan” to bring down “unsustainable” federal budget deficits.
“We expect that the outlook for the U.S. fiscal position will weigh heavily on the U.S. dollar in the quarters ahead,” said Sutton. In the near-term, however, she said “a strengthening growth profile” could help provide “a temporary period of dollar strength.” To top of page
One way or another the dollar is doomed…
Very cryptic message from the owner(s) of the site godlikeproductions, a very large ‘conspiracy theory’ site.
There have been two messages posted on the empty conspiracy domain, the first of which has now been deleted and replaced.
The first message read;
“at what point does the personal sacrifice become too great?
when you put the life of my friends and family at risk.
I will not allow this website to cause my friends and family to live in fear
hope you are happy
the last light of the world has been extinguished ”
Later, that message was replaced with a new message with a link to a MP3 file titled Goodbye.mp3. The new message reads;
The Kingdom of God is inside you, and all around you, not in mansions of wood and stone. Split a piece of wood and I am there; lift a stone and you will find me.
For the book has been closed, The names have been written, Judgement cometh.
And it was known to them in those days that there would come upon them the judgement of the children of God, who had lived among them as men and learned of their ways and tested their hearts.
I am not including the actual link to the Mp3 file just in case there is anything nefarious about that file. If you want to listen to it you can go to the Godlikeproductions website and download it yourself.
If anyone has a better handle on the cause behind the disappearance of the site let us know..