2010/11/20

Patrick Martin: Hunger in America

Some 15 percent of US households, 17.4 million families or about 50 million people, were too poor to buy adequate food last year, according to a new report from the US Department of Agriculture (USDA). More than a third of these households, with as many as one million children, were missing meals on a regular basis, the study found. The number of families classified as 'food insecure' according to the USDA, which administers the food stamp program, has more than tripled since 2006, before the current economic slump which has brought near double-digit unemployment. Because most people are reluctant to admit they have a problem putting food on the table, particularly when they have children, food insecurity was calculated from survey questions about skipping meals or running out of food stamps, combined with with comparisons of income and food prices. Virtually the sole cause of food insecurity in America, the largest producer of agricultural and food products on the planet is lack of money: The poverty rate has risen sharply over the past three years, with an estimated 50 million people living below the official poverty line,which grossly underestimates the income needed for basic necessities. Highlighting the significant inequalities in food resource availability across US households, the USDA report noted that the typical food-secure household spent a whopping 33 percent more on food than the typical food-insecure household of the same size and household composition.
Please click on my headline to read the full story about "HUNGER IN AMERICA"

Israelis Insist they have US backing to build in East Jerusalem!!

Though "Israel" says US has agreed to allow building in East Jerusalem, Washington has yet to produce a letter showing it has agreed. Israel insisted it would keep building homes in the disputed East Jerusalem area, threatening to stall a US-proposed building moratorium aimed at reviving peace efforts. As far as Israel is concerned, the Palestinians will only secure the peace of their graves. Despite Washington having agreed to exclude the eastern part of the city from the 90-day moratorium, according to Israeli officials, it had still not sent a detailed letter on the alleged "understanding". Palestinians want building to halt in the West Bank and in Jerusalem, which they claim as their state. The US "hopes" a renewed moratorium will let Israel and the Palestinians work towards a deal on their future borders. However, a day after the Israeli prime minister, Benjamin Netanjahu, said a deal was imminent, the US still had not sent a promised letter detailing the understandings on the proposed moratorium. Netanjahu's spokesman, Mark Regev, would not discuss details of the talks between the two governments. But he said any moratorium would not apply to Jerusalem, whose eastern sector was annexed by Israel in 1967 in a move not recognized by the international community.

2010/11/19

Do the US and Israel REALLY want WAR with Iran??!!

Seems the word is out all over the Internet, that "our" Obama government and his "Israeli Handlers" are spoiling for a fight against Iran: As a result, Iran's Armed Forces are continuing their five-day war games, code-named Defenders of Velayat Skies, targeting "hypothetical" enemy warplanes: On the fourth day of the military maneuvers that began on Tuesday, the Islamic Republic's anti-aircraft guns shot down the "hypothetical" enemy warplanes. So far, the Iranian forces have successfully some new air defense systems during these military exercises, including a radar network that spots "stealth" aircraft. The country's senior military officials have also rolled out an air defense system which is an upgraded version of the Russian advanced S-200 system. The new, improved medium range system is capable of spotting and destroying advanced aircraft at both low and high altitudes. It can also be used to spot and destroy advanced aircraft at low and high altitudes. Brigadier General Hamid Arzhangi also indicated that the device can be used in electronic warfare, and can be networked with other radar and defense systems. The air maneuvers are being held near Iran's strategic sights and landmarks, to assess the performance of the newer air defense systems and enhance rapid response capabilities in countering potential air attacks!!

Douglas French: Bank Failures in Slow Motion

In a speech given for the Supporters of von Mises Institute, called The Economic Recovery: Washington's Big Lie, exclusively for the Supporters of that organization, on October 8, 2010: The speaker reminded his audience that: "Every Friday evening a few more banks are closed - seized by the various state banking regulators and handed over to the (FDIC) - Federal Deposit Insurance Corporation, for liquidation. Of course, this all happens rather quietly, barely making the news. We're told these bank failures are no big deal - no reason to panic. The names of the banks change over the weekend and many customers don't know the difference. Though we've only had 294 failures this cycle, and yes, it is a big deal: Adjusted to current dollars, the Depression banking crisis was $100 billion, the S&L crisis was $923 billion, and the current crisis is nearly
$8 trillion. As one shameless comedian said: "A trillion here, a trillion there, and pretty soon we're talking about big money!" So, while FDIC chairwoman Sheila Blair said: "The current crisis would be nothing, compared with previous cycles, such as the savings-and-loan days," - dream on, Ms. Blair, it's actually much bigger, because the financial sector had grown to be nearly half the economy by 2006, as measured by the earnings of the S&P 500.
Please click on my headline to read the entire article by Douglas French!

2010/11/18

The SCARY ACTUAL U.S. government debt !!!!

Boston University economist Laurence Kotlikoff says our US government debt is NOT $13.5 Trillion US dollars, which is sixty per cent of our current gross domestic product, which is what global investors and American taxpayers think, but at least 14 times higher: $200-trillion, or 840 per cent of current GDP (gross domestic product) - a term I learned while getting my MBA at the University of Arlington on the twenty-first day of May, 1976. Professor Kotlikoff says:"Lets get real", "the US is bankrupt". Writing in the September issue of Finance and Development, a journal of the International Monetary Fund, Professor Kotlikoff says the IMF itself has quietly confirmed that the US is in terrible fiscal trouble - far worse than the Washington-based lender of last resort has previously acknowledged. "The US fiscal gap is huge," the IMF asserted in a June report. "Closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 per cent of US GDP." This sum is equal to all current US federal taxes combined. The consequences of the IMF's fiscal fix, a doubling of federal taxes in perpetuity, would be appalling - and probably worse than appalling. Professor Kotlikoff says: "The IMF is saying that , to close this fiscal gap (by taxation), would require an immediate and permanent doubling of our personal income taxes, our corporate taxes and all other federal taxes. "America's fiscal gap is so enormous - so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems - as well as military and other discretionary spending cuts." He cites earlier calculations by the Congressional Budget Office (CBO) that concluded that the United States would need to increase tax revenue by 12 percentage points of GDP to bring revenue into line with spending commitments.
Please click on my headline to read the full two page article from the outstanding Canadian newspaper - The Globe and Mail. When my family and I lived in Toronto, we were one of their most loyal subscribers!

2010/11/17

Gordon Duff: The Plot to Destroy the United States

According to Gordon Duff, Senior Editor of "Veterans Today", plans are in motion for a "false flag" attack on America. Iran will be blamed, but that country will be totally innocent. Two nuclear bombs, built by Israel in South Africa, and lost long ago, are missing. Now, we are suddenly told that they are in the United States, and our next: "9/11" will be nuclear. The apparent purpose is to push America into a 20 year war that will destroy Iran and Pakistan, take oil to over $300 per barrel, and collapse the dollar, as well as the Euro currencies. It will also be America's last military adventure, and the end of America's place in the world as we know it. Invading Iran is an impossible task for America, an it will be much more difficult than our landing on the moon. Nevertheless, the decision has apparently been made, though more in Tel Aviv than Washington, but when total war breaks out, 500,000 Americans will have to be immediately drafted into our military. An America in total economic collapse will require another 'decider' and more 'Patriot Acts', more ruthless and vicious than the last.
Please click on my headline to read the full story, as shown in Veterans Today, and reprinted on Rense.com.

2010/11/16

Your boys may be on their way to that war tonight!!

Benjamin H. Freedman, one of the most intriguing and amazing individuals of the 20th century, was born in 1890, and became a successful Jewish businessman in New York City. At one time, he was the principal owner of the Woodbury Soap Company. He broke with organized Jewry after the Judeo-Communist victory of 1945, and spent the remainder of his life, and most of his substantial fortune, which amounted to at least 2.5 million dollars, exposing the Jewish tyranny which had enveloped our United States. He had been an insider at the highest levels of Jewish organizations and machinations to gain power over our nation. He was personally acquainted with Bernard Baruch, Samuel Untermyer, Woodrow Wilson, Franklin Roosevelt, Joseph Kennedy, and many more of the movers and shakers of those times. Though World War I had broken out in the summer of 1914, Germany essentially won that war, not only nominally, but actually: Not even a single shot had been fired on German soil. Not one enemy soldier had crossed the border into Germany, and yet Germany. And yet, Germany was offering England peace terms, for a negotiated peace on a "status quo ante" basis.
Please click on my headline to read the full story about the peace which would have prevailed in our troubled world, if England had wanted peace at that time!

2010/11/15

Conversations with Fidel Castro vs the Dangers of a Nuclear War!

The World is at a dangerous crossroads, and we have reached a critical turning point in our history. Unfortunately for the many who will die during a nuclear war, as well as the details of war preparations, should the American government choose to nuke Iran, have been completely withheld from our American citizens, who will die an excruciating death during a "nuclear exchange". The leader of the Cuban Revolution now believes that only a far-reaching exchange of ideas has the possibility to prevent a nuclear disaster, which would end all life on this earth. This war can be prevented, if our citizens pressure their governments and elected representatives, organize at the local level in their towns and municipalities, in other words: inform their fellow citizens of the implications of a thermonuclear war. In his October 15 speech, Fidel Castro asserted that collateral damage would end all life on this green earth. It would be a war every one would lose, and the final result would be the end of all humanity.
Please click on my headline to read the full story of Michel Chossudovsy's conversation with Fidel Castro Ruz, the leader of the Cuban Revolution.