Le Cercle and the Struggle for the Eurasian Continent

June 20th, 2010

Via: ISGP:

Each time a visitor mentions that he has been invited to Le Cercle, he gives away details what this group is about. In our previous article we already suspected that the Cercle is not only continuing the Cold War by trying to undermine capitalist opposition in Russia and Eastern Europe, but also that it has always been severely biased in favor of the Arab countries, this to the detriment of Israel. These newly identified members pretty much confirm this theory. Their biographies also made it possible to identify the apparent long term strategy of the Cercle. Following are some details on the new members…


Fannie and Freddie Tab is $146 Billion and Rising

June 20th, 2010

Via: New York Times:

Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords.

Bill Bridwell, a real estate agent in the desert south of Phoenix, is among the thousands of agents hired nationwide by the companies to sell those foreclosures, recouping some of the money that borrowers failed to repay. In a good week, he sells 20 homes and Fannie sends another 20 listings his way.

“We’re all working for the government now,” said Bridwell on a recent sun-baked morning, steering a Hummer through subdivisions laid out like circuit boards on the desert floor.

For all the focus on the historic federal rescue of the banking industry, it is the government’s decision to seize Fannie Mae and Freddie Mac in September 2008 that is likely to cost taxpayers the most money. So far the tab stands at $145.9 billion, and it grows with every foreclosure of a three-bedroom home with a two-car garage one hour from Phoenix. The Congressional Budget Office has predicted that the final bill could reach $389 billion.


Bank Failure Rate Double Last Year’s

June 20th, 2010

Via: USA Today / AP:

Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year.

The 83 closures so far this year is more than double the pace set in all of 2009, which was itself a brisk year for shutdowns. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks’ losses mount on loans made for commercial property and development.


Napolitano on Internet Surveillance

June 20th, 2010

Via: AP:

Fighting homegrown terrorism by monitoring Internet communications is a civil liberties trade-off the U.S. government must make to beef up national security, the nation’s homeland security chief said Friday.

As terrorists increasingly recruit U.S. citizens, the government needs to constantly balance Americans’ civil rights and privacy with the need to keep people safe, said Homeland Security Secretary Janet Napolitano.

But finding that balance has become more complex as homegrown terrorists have used the Internet to reach out to extremists abroad for inspiration and training. Those contacts have spurred a recent rash of U.S.-based terror plots and incidents.

“The First Amendment protects radical opinions, but we need the legal tools to do things like monitor the recruitment of terrorists via the Internet,” Napolitano told a gathering of the American Constitution Society for Law and Policy.


California on ‘Verge of System Failure’

June 20th, 2010

Via: Globe and Mail:

Arnella Sims has seen a lot in her 34 years as a Los Angeles County court reporter, but nothing like this.

Case files piling up by the thousands, phones ringing off the hook, forced midweek courthouse closings and occasional brawls as frustrated citizens queue for hours to pay parking fines.

“People think we’re becoming a Third World country,” said Ms. Sims, 55. “They don’t understand.”

It’s a story that’s being repeated all across California – and throughout the United States – as cash-strapped state and local governments grapple with collapsed tax revenues and swelling budget gaps. Mass layoffs, slashed health and welfare services, closed parks, crumbling superhighways and ever-larger public school class sizes are all part of the new normal.

California’s fiscal hole is now so large that the state would have to liberate 168,000 prison inmates and permanently shutter 240 university and community college campuses to balance its budget in the fiscal year that begins July 1.

Think of California as Greece on the Pacific: bankrupt and desperately needing a bailout.

“We are on the verge of system failure,” warned Jean Ross, executive director of the California Budget Project, an independent think tank based in Sacramento.

None of this would matter much to anyone outside the not-so-Golden State except that California’s budget crisis is a harbinger of a grim dilemma that all Americans will soon confront. The country has built an elaborate and costly government machine, tied to a regressive tax system that can’t generate enough revenue to pay for it all.


North Korea Lifts Restrictions on Private Markets as Last Resort in Food Crisis

June 20th, 2010

Centralized agriculture will result in famine. Whether it’s Dear Leader or Monsanto, it’s doomed. Call it communism (which results in statist plutocracy) or capitalism (which results in corporate plutocracy), it doesn’t matter. Fascism is fascism, regardless of the mask it happens to be wearing.

To understand the effects of statist plutocracy on your belly, see:

The Harvest of Sorrow: Soviet Collectivization and the Terror-Famine by Robert Conquest

Execution by Hunger: The Hidden Holocaust by Miron Dolot

Cuba already went through this. While the fascist regime remains, food production in Cuba represents a modern day miracle. Essentially, Cuba has collapsed in many respects, but there’s no famine. Locally produced organic food is plentiful and affordable. That state encourages and supports decentralized, localized, small scale food production, while maintaining control over some industrially produced crops.

With regard to food production in Cuba, see:

Sustainable Agriculture and Food Security in an Era of Oil Scarcity: Lessons from Cuba by Julia Wright

The Power of Community: How Cuba Survived Peak Oil

The Cuban Organiponico garden bed is an outstanding system for food production.

I took part in an Organiponico class where we built a couple beds at a local school. At the end of the day, you get a very productive, long lasting and attractive garden bed.

In Northland New Zealand, Organiponico uses only 1 part cement to 8 parts PAP7, which is the slag that’s left over from crushing larger rocks at local rock quarries. It’s 7mm and smaller.

Via: Washington Post:

Bowing to reality, the North Korean government has lifted all restrictions on private markets — a last-resort option for a leadership desperate to prevent its people from starving.

In recent weeks, according to North Korea observers and defector groups with sources in the country, Kim Jong Il’s government admitted its inability to solve the current food shortage and encouraged its people to rely on private markets for the purchase of goods. Though the policy reversal will not alter daily patterns — North Koreans have depended on such markets for more than 15 years — the latest order from Pyongyang abandons a key pillar of a central, planned economy.

With November’s currency revaluation, Kim wiped out his citizens’ personal savings and struck a blow against the private food distribution system sustaining his country. The latest policy switch, though, stands as an acknowledgment that the currency move was a failure and that only capitalist-style trading can prevent widespread famine.

“The North Korean government has tried all possible ways [for a planned economy] and failed, and it now has to resort to the last option,” said Koh Yu-hwan, professor of North Korean studies at Dongguk University in Seoul. “There’s been lots of back and forth in what the government has been willing to tolerate, and I cannot rule out the possibility of them trying to bring back restrictions on the markets. But it is hard for the government to reverse it now.”

Research Credit: ltcolonelnemo


China Signals a Gradual Rise in Value of Its Currency

June 20th, 2010

Via: New York Times:

China announced on Saturday evening that it would allow greater flexibility in the value of its currency, a move that could deflect growing international criticism of its fiscal policies and defuse one of the greatest sources of tension between Beijing and Washington.

The statement, by China’s central bank, was the clearest sign yet that the country would allow its currency to appreciate gradually against the dollar. World leaders are due to meet next week in Canada for economic talks, and China’s currency policies appeared bound to be a source of conflict.

The United States has been leading a chorus of countries urging China to let its currency fluctuate. Many members of Congress believe China’s exchange rate policy gives it an unfair trade advantage, and a movement has been growing to take retaliatory trade action if China did not make an adjustment.

President Obama and the Treasury secretary, Timothy F. Geithner, immediately praised China’s action. “China’s decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy,” Mr. Obama said in a statement. The European Commission also said it supported the move.

But it remains to be seen whether the move will significantly rebalance the global trade picture. The People’s Bank of China was cautious in its statement about how far its currency, the renminbi, might fluctuate, warning explicitly that “the basis for large-scale appreciation of the RMB exchange rate does not exist.” Chinese officials said the renminbi would move in relation to an unspecified basket of currencies, not just the dollar. Experts said that depending on how the system was designed, China could avoid rapid fluctuations.

Mr. Geithner alluded to this in a statement, saying, “This is an important step, but the test will be how far and how fast they let the currency appreciate.”

The first sign of how much currency appreciation will be tolerated is likely to come Monday morning, when the People’s Bank of China will set the initial trading band for the value of the renminbi in Shanghai trading.


Medvedev: “New World Economic Order”

June 19th, 2010

Via: Bloomberg:

Medvedev said he envisages a new economic hierarchy allowing emerging-market giants such as Russia and China to drive the global agenda as the world emerges from the first global recession since the 1930s.

“We really live at a unique time, and we should use it to build a modern, prosperous and strong Russia, a Russia that will be a co-founder of the new world economic order,” he said.


Iceland Rewrites Law to Create Haven for Investigative Reporting

June 19th, 2010

Via: Independent:

Iceland has passed a sweeping reform of its media laws that supporters say will make the country an international haven for investigative journalism.

The new package of legislation was passed unanimously at 4am yesterday in one of the final sessions of the Icelandic parliament, the Althingi, before its summer break.

Created with the involvement of the whistleblowing website Wikileaks, it increases protection for anonymous sources, creates new protections from so-called “libel tourism” and makes it much harder to censor stories before they are published.

“It will be the strongest law of its kind anywhere,” said Birgitta Jonsdottir, MP for The Movement party and member of the Icelandic Modern Media Initiative, which first made the proposals. “We’re taking the best laws from around the world and putting them into one comprehensive package that will deal with the fact that information doesn’t have borders any more.”

Wikileaks has been involved in the drafting of the package of laws alongside Ms Jonsdottir from the beginning of the process more than a year ago. Its founder, Julian Assange, worked from Iceland on the organisation’s release of the incendiary video of an apparently unprovoked American helicopter attack in Iraq that left eighteen people dead, including two journalists.

Mr Assange did not respond to requests for comment via email yesterday. But in February, he wrote: “All over the world, the freedom to write about powerful groups is being smothered. Iceland could be the antidote to secrecy havens … it may become an island where openness is protected – a journalism haven.”

Because the package includes provisions that will stop the enforcement of overseas judgements that violate Icelandic laws, foreign news organisations are said to have expressed an interest in moving the publication of their investigative journalism to Iceland. According to Ms Jonsdottir, Germany’s Der Spiegel and America’s ABC News have discussed the possibility.

More immediately, it is hoped that the changes will rebuild the Icelandic public’s belief in the press. “Trust in the media was very high before the crash, but then it sank,” said Hoskuldur Kari Schram, a reporter with Stod 2 television in Reykjavik. “Maybe this will be a step in the right direction.”

Mr Schram added that it would have an immediate effect: “It will affect my relationship with sources right away. It will make my job a whole lot easier.”

But there was doubt overseas that the international ramifications would be as powerful as the law’s Icelandic proponents claim. “As an exercise in aspirations, it’s a bold and important endeavour,” said Professor Monroe Price, founder of the programme in comparative media law at Oxford University. “But if it’s a significant issue like a national security question, then the charging jurisdiction will figure out ways of asserting its power.”

UK media organisations will watch developments closely. The British system has come under particular scrutiny recently, facing criticism that it is too easy to exercise censorship of stories and over libel provisions widely perceived as excessively favourable to complainants. Last year California enacted a law that allowed local courts to refuse to enforce British libel judgements.

According to Ms Jonsdottir, a poet and writer, the provocation of a larger global conversation on the subject is crucial to the success of the new legislation. “It’s going to have an impact but it’s also going to be symbolic,” she said.


Coast Guard Authorized to Burn Oil Off Florida, Health Notification Issued

June 19th, 2010

“Don’t panic.”

—The Management

Sonja Daniel, who has a house on the Fort Morgan Peninsula, wears a mask Sunday, June 6, 2010 as she sunbathes on the beach of the Bon Secour National Wildlife Refuge in Baldwin County, Ala. (AP Photo/Mobile Press Register, Kate Mercer)

Sonja Daniel, who has a house on the Fort Morgan Peninsula, wears a mask Sunday, June 6, 2010 as she sunbathes on the beach of the Bon Secour National Wildlife Refuge in Baldwin County, Ala. (AP Photo/Mobile Press Register, Kate Mercer)

Via: NFW Daily News:

The Florida Department of Environmental Protection authorized the Coast Guard to burn oil offshore, and the county is warning people of potential health issues.

Particulate matter, an airborne mix of very small particles and liquid droplets, may reach the shore, according to an Okaloosa County Health Department news release.

Particulate matter may not reach the shore if the fires are far enough away. Responders will monitor weather conditions and “stop the burn right away if there is any problem,” the release reads.

People on the coast may smell the oil spill odor of volatile organic compounds, similar to the smell at a gas station.

“You can smell these VOCs at levels well below those that would make you sick,” the release reads.

Exposure to low levels may cause eye, nose, skin and throat irritation.


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