About Real-Time Magnetosphere Simulation
http://www2.nict.go.jp/y/y223/simulation/realtime/index.html
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MAG | UTC DATE-TIME y/m/d h:m:s | LAT deg | LON deg | DEPTH km | Region | |
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MAP | 6.2 | 2009/12/19 23:19:18 | -9.910 | 33.969 | 10.0 | MALAWI |
Nuclear facilities: | There are no nuclear facilities nearby the epicenter. | ||||||||||||||||||||||||
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12/17/2009 21:31 -0500 Could the next black/green/dark gray swan be so obvious that it has avoided everyone? Well, except for the deputy governor of the Bank of China, who just gave the world a startling reminder of economics 101, when he said that it is "getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing the supply of dollars overseas." Oops.
The funny thing about natural (and economic) systems: they can only be pushed so far before they snap back to default state. With the entire world embarking on an unprecedented spree of domestic bubble blowing to mask the collapse in global GDP, everyone forgot to trade. Zero Hedge has long emphasized that the drop in world trade can only sustain for so long before it brings the current destabilized system back to some form of equilibrium. Because with every country intent on merely printing more of its own currency, whether it is to build bridges or to make the stock of electronic book fads trade at 100x earnings, said countries ran out of non-domestic cash. Alas, this is most critical for the United States, now that Treasury monetization is over, as the US needs to constantly find foreign buyers of its debt to fund unsustainable deficits. Foreign buyers who have US dollars. And according to Shanghai Daily, this could be a big, big problem.
READ MORE:
Market Oracle
Dec 18, 2009
Problems in China continue to mount. Money supply is growing rampantly out of control, property prices are in a bubble, exports are weak, commodity speculation is pervasive, and GDP growth is more of a mirage than real.
By: Mike Larson
Market Oracle
Dec 18, 2009
The holiday season is here — and in just a couple of weeks, 2009 will fade into the history books. I truly hope that you and your family enjoy these happy times.
By: Charles Maley
MarketOracle
Dec 18, 2009
Jim Rogers, if nothing else, has no axe to grind when he shares his observations on the markets. Unlike most of the Wall Street analyst, he actually does some serious homework on his investment themes. For example, between January 1, 1999 and January 5, 2002, Rogers traveled through 116 countries, covering 245,000 kilometers, seeing what was going on in the world first hand.
LEAP/E2020 believes that the global systemic crisis will experience a new tipping point from Spring 2010. Indeed, at that time, the public finances of the major Western countries are going to become unmanageable, as it will simultaneously become clear that new support measures for the economy are needed because of the failure of the various stimuli in 2009 (1), and that the size of budget deficits preclude any significant new expenditures.
By Alex Morales and Jeremy van Loon
Bloomberg.com
Dec. 18 (Bloomberg) — United Nations climate envoys may drop a plan to complete a binding global-warming agreement by the end of 2010, as two weeks of talks in Copenhagen overran their deadline with no framework to forge a treaty.
By JOHN M. BRODER
NYTimes.com
December 18, 2009
COPENHAGEN — President Obama announced here on Friday night that five major nations, including the United States, had together forged a climate deal. He called it “an unprecedented breakthrough” but acknowledged that it still fell short of what was required to combat global warming.
Files outline South Korea and Washington’s strategy in event of war on the peninsula
Justin McCurry
Guardian.co.uk
Friday 18 December 2009
South Korea’s military is investigating a cyber attack in which North Korean hackers may have stolen secret defence plans outlining Seoul and Washington’s strategy in the event of war on the Korean peninsula.
A previously unknown natural defence against swine flu and other viruses has been discovered which could lead to new treatments.
By Rebecca Smith
TelegraphUK
18 Dec 2009
Recombinomics Commentary
December 18, 2009
A total of 44 cases of oseltamivir resistant 2009 influenza A (H1N1) viruses have been identified in the United States since April 2009, including 15 newly identified cases since last week.
“Institutional framework” paves the way for unelected international bureaucracy
Steve Watson
Prisonplanet.com
Friday, Dec 18, 2009
From The Viscount Monckton of Brenchley in Copenhagen
SPPI.org
Today the gloves came off and the true purpose of the “global warming” scare became nakedly visible. Ugo Chavez, the Socialist president of Venezuela, blamed “global warming” on capitalism – and received a standing ovation from very nearly all of the delegates, lamentably including those from those of the capitalist nations of the West that are on the far Left – and that means too many of them.
By Candice Choi
USAToday.com
NEW YORK — It’s no mistake. This credit card’s interest rate is 79.9%.
The bloated APR is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It’s a strategy other subprime card issuers could start adopting to get around the new rules.
By Alan Zibel
USAToday.com
WASHINGTON — About 1.7 million homeowners were on the verge of foreclosure in the fall, a looming “shadow inventory” of homes that will be put up for sale in the coming years and weigh down prices, a report said Thursday.
The number, up from 1.1 million a year earlier, is likely to keep rising through the middle of next year or later, said Mark Fleming, chief economist of First American CoreLogic, the real estate research firm that released the study.
By: Jason Hommel
SilverSeek.com
17 December, 2009
(Thinking back over 10 years)
Silver Stock Report
When I started working for myself, I made my very first money, enough to save for the very first time, but I was working so hard, over 80 hours a week! I guess God finally caught up to me, because, at some point, I began to think. And that’s when it all started.
By: Tim Iacono
GoldSeek.com
Friday, 18 December 2009
The question of what motivates underwater homeowners to either stay put and continue to make their mortgage payments (if they can) or “walk away” from their home (and their financial obligations) has been receiving an increasing amount of attention in recent weeks.
by David Calderwood
LewRockwell.com
In 1922 Ludwig von Mises described in his book Socialism why a socialist system could not last. This was not a popular view. The illusion of socialism’s success had real staying power; it took 70 years for the USSR to wheeze its final proof of his position, fooling most people (e.g. analysts at the CIA) right to the end.
by Mike Whitney
LewRockwell.com
Upbeat reports in the financial media, belie the effects of the ongoing credit contraction. Massive injections of central bank liquidity have prevented the collapse of financial markets, but have done little to ease the deleveraging of households or stimulate activity the broader economy. The crisis has stripped $13 trillion in equity from working families who now find their access to credit either cut off or severely curtailed by the same banks that received hefty taxpayer-funded bailouts. The fiscal strangulation of the millions of people who are no longer considered “creditworthy” is progressively weakening demand and spreading pessimism across all income levels. Growing public desperation was the focus of a special weekend report by Bloomberg News:
by Patrick J. Buchanan
LewRockwell.com
If you would know what Copenhagen is all about, hearken to this nugget in The Washington Post’s report from the Danish capital.
“Ethiopian Prime Minister Meles Zenawi – who is representing all of Africa here – unveiled his proposal Wednesday for a system in which rich countries would provide money to poor ones to help deal with the effects of climate change. …
By Chuck Baldwin
December 18, 2009
NewsWithViews.com
According to Rasmussen Reports, “Seventy-one percent (71%) of voters nationwide say they’re at least somewhat angry about the current policies of the federal government. That figure includes 46% who are Very Angry.
By Timothy N. Baldwin, JD.
December 18, 2009
NewsWithViews.com
In response to my one of my articles, “Hope for Financial Freedom,” I had a concerned American citizen correspond with me about the subject. He asked me a few questions which I feel are important enough to address publicly, because undoubtedly, there are many similar-thinking Americans who perhaps have not thought this fully through. Before I state the questions, let me explain why the questions were asked in the first place. As many American patriots are now advocating, the only viable way to resist federal tyranny is through the active sovereign powers of the States. This necessarily means, as I have explained for months, that the States must use the powers given to them by their sovereigns (the people)–and retained to them in the tenth amendment of the US Constitution–to pass laws which actively nullify, negate or refute unconstitutional federal laws and taxation within the sovereign borders of those States. Some people are looking at this scenario and asking what this gentleman asked me, as follows:
By Mary Starrett
December 18, 2009
NewsWithViews.com
Made popular a decade ago when NRA president Charlton Heston held up a rifle and uttered a shortened version of the the slogan, “I will give up my gun when they peel my cold, dead fingers from around it,” these words were first used in 1976 and appear to have originated with the Citizens Committee for the Right to Keep and Bear Arms. Since then, words to that effect have become a rallying cry for those defending the Second Amendment.
COPENHAGEN –Fatigue fermented a feverish cocktail of human emotion overnight Friday as the US president claimed to have staved off a default in the dying hours of global warming talks in Copenhagen.
But small nations like Cuba and Nicaragua erupted in fury at being snubbed in a game of big power diplomatic chess also involving developing giants Brazil, China, and India.
A major bloc of developing nations called the draft climate deal in Copenhagen the “worst in history” and hinted it may try to block it.
Lumumba Stanislas Dia-ping of Sudan, chairing the Group of 77 and China bloc of 130 poor nations, accused the United States and host Denmark of trampling on the rights of poor countries.
“Today's events really represent the worst developments in climate change negotiations in history,” Diaping told reporters.
“The deal locks developing countries and the poor of developing countries into a cycle of poverty forever.”
Despite the chaos, President Arroyo’s participation in the two-day conference was deemed a success as she became the spokesperson of the member-economies of Southeast Asia on the severity of the effect of global warming on “climate-takers” like the Philippines.
President Arroyo heightened the awareness of the world leaders on the importance of preserving the environment, cut down on greenhouse gas emission to avert further worsening of the situation as shown by the sufferings of her countrymen due to the recent weather disturbances that visited the Philippines.
She referred to the outcome of the United Nations Framework Convention on Climate Change (UNFCCC)-sponsored study on the national, economic, environment, and development effects of 12 nations identified to be the most at risk or vulnerable to climate change with Philippines on the top rank.
The study indicated that 70 percent of the coastal settlements in the Philippines would be submerged for every meter rise that includes Metro Manila. A two-meter rise in sea level on the other hand would impact the entire world.
This was the basis for the Philippine leader to announce here the government's commitment to further pare down its carbon footprint by 20 percent annually as soon as possible.
Claiming a “meaningful” deal to curb greenhouse gas emissions, Obama fired up carbon-belching Air Force One and raced back from the global warming summit to outrun a storm ironically tipped to dump a foot of snow on Washington.
It was a stunning turnaround, as earlier, as the summit went into extra time, the whole project was on the verge of collapse, US officials said.
Australian Prime Minister Kevin Rudd added: “There was a grave risk that these negotiations would collapse altogether.”
While Obama's team clearly had an interest in spinning the climax of the talks to the young US president's advantage, they revealed a stunning succession of events more apt to a French farce than a major world summit.
Frustrated at deadlock in the talks, largely over China's refusal to accept a transparency regime to monitor developing states' emissions, Obama vowed to have “one more run at getting this done,” a senior aide said on Air Force One.
Desperate for a foreign policy win, Obama drew the line when a comparatively minor Chinese official Yu Qingtai, an expert on climate change talks showed up to a multilateral meeting instead of Chinese premier Wen Jiabao.
“I don't want to mess around with this anymore, I want to just talk with Premier Wen,” a senior aide quoted Obama as saying.
Obama also decided he wanted to speak to leaders of major developing powers seen in China's camp.
So, he dispatched his advance team to find Indian Prime Minister Manmohan Singh, Brazilian President Luiz Inacio Lula da Silva and South African President Jacob Zuma.
One problem: US aides were told that Singh was already at the airport, probably believing the talks were done.
“Advance basically tells the South Africans that at this point the Brazilians are unclear about meeting without the Indians, the Indians are at the airport, and Zuma at that point says, ‘well, if they're not coming I can't do this,’” said the US official.
Soon, Wen's team came on the line and said they were ready to meet Obama.
Obama's advance men headed off to scope out the room in the cavernous Bella Centre where the talks were taking place, but could not get in... and the reason soon becomes clear.
“We've now figured out why we can't get into that room: because that room has Wen, Lula, Singh and Zuma,” the official said. “They're all having a meeting.”
Obama, according to reporters close to his side as he strode towards the talks, headed straight in.
“Mr. Premier, are you ready to see me? Are you ready? Mr. Premier, are you ready to see me? Are you ready?” Obama cried.
US officials insisted the president did not barge in uninvited on the surprise meeting, but was merely showing up on time for his talks with Wen.
“We weren't crashing a meeting – we were going for our bilateral meeting ... we found the other people there.”
At this point a near scuffle broke out after Chinese cameramen made a rush for a shot of all the leaders together.
“My people” have to get into the room, “or we're leaving” said White House spokesman Robert Gibbs in an unusual role as defender of the US press.
Downstairs, waves of reporters, cameramen and photographers started to surge through the conference center, as rumours ran riot that Obama was about to give a dramatic press conference.
But Obama's small corps of traveling press was already salted away in a makeshift television studio fashioned from black curtains, in a deserted shopping mall with half dressed mannequins just out of sight.
The president declared the non-binding pact unprecedented and historic, though short of what must be done to tame global warming.
Shellshocked delegates were left to digest implications of the non-binding deal, with vague promises to cut emissions, in an all-night plenary session of the Conference of Parties (COP).
Danish Prime Minister Lars Loekke Rasmussen was in the chair, but at times the late night talks descended into incoherence.
“The United States abstained, then I passed the floor to Nicaragua .....,” Rasmussen said, confused by a breakdown of the session.
“Nicaragua abstained... who wants to speak?”
Update time = Sat Dec 19 13:17:49 UTC 2009
MAG | UTC DATE-TIME y/m/d h:m:s | LAT deg | LON deg | DEPTH km | Region | |
---|---|---|---|---|---|---|
MAP | 6.4 | 2009/12/19 13:02:17 | 23.763 | 121.689 | 44.6 | TAIWAN |
MAG DATE LOCAL-TIME LAT LON DEPTH LOCATION
y/m/d h:m:s deg deg km
MAP 3.1 2009/12/18 05:38:08 36.451N 89.540W 9.0 11 km ( 7 mi) NW of Tiptonville, TN
map 1.9 2009/12/18 01:13:39 35.836N 90.118W 8.3 7 km ( 4 mi) SE of Manila, AR
map 1.7 2009/12/18 01:10:58 35.831N 90.114W 7.9 7 km ( 4 mi) WSW of Dell, AR
map 2.8 2009/12/17 20:25:39 35.542N 97.271W 5.0 15 km ( 9 mi) SSE of Arcadia, OK
map 2.2 2009/12/17 17:52:01 35.566N 97.287W 5.0 12 km ( 7 mi) SSE of Arcadia, OK
MAP 3.5 2009/12/16 20:53:42 40.412N 95.857W 5.0 12 km ( 8 mi) E of Johnson, NE
http://folkworm.ceri.memphis.edu/recenteqs/Quakes/quakes0.html
The Great Recession is not over. There is no recovery. It’s a cover up. Expect another wave of terrorism. Possibly of 9/11 magnitude.
As well as challenges, also expect profitable and transformational social, health, environmental, entertainment, cultural, business and consumer trends to emerge in 2010.
• The Crash of 2010: The Bailout Bubble is about to burst. Be prepared for the onset of the Greatest Depression.
• Depression Uplift: The pursuit of elegance and affordable sophistication will raise spirits … and profits.
• Terrorism 2010: Years of war in Afghanistan and Iraq – and now Pakistan – have intensified anti-American sentiment. 2010 will be the year of the lone-wolf, self-radicalized gunman.
• Neo-Survivalism: A new breed of survivalist is devising ingenious stratagems to beat the crumbling system. And, they’re not all heading for the hills with AK-47’s and pork & beans.
• Not Welcome Here: Fueled by fear and resentment, a global anti-immigration trend will gather force and serve as a major plank in building a new political party in the US.
• TB or Not TB: With two-thirds of Americans Too Big (TB) for their own good (and everyone else’s), 2010 will mark the outbreak of a “War on Fat,” providing a ton of business opportunities.
• Mothers of Invention: Taking off with the speed of the Internet revolution, “Technology for the Poor” will be a major trend in 2010, providing products and services for newly downscaled Western consumers and impoverished consumers everywhere.
• Not Made In China: A “Buy Local,” “My Country First” protectionist backlash will deliver a big “No” to unrestrained globalism and open solid niches for local and domestic manufacturers.
• The Next Big Thing: Just as the traditional print media (newspapers/magazines) were scooped by Internet competition, so too will new communication technologies herald the end of the TV networks as we know them.
The Trends Research Institute has a 30-year unparalleled track record of accurate forecasts. (Click here) Does your audience really want to listen to “experts” who tell them what they hope to hear, or listen to Gerald Celente who tells it straight and provides practical strategies?
Learn more about Trends Research Institute and Director Gerald Celente online, or schedule an interview with Trends Research Institute Director, Gerald Celente, by directing email to: Bibi Farber, Media Relations at 845.331.3500 Ext. 1, (Bibifarber@trendsresearch.com).
December 18th, 2009
By: Jason Hommel
SilverSeek.com
17 December, 2009
(Thinking back over 10 years)
Silver Stock Report
When I started working for myself, I made my very first money, enough to save for the very first time, but I was working so hard, over 80 hours a week! I guess God finally caught up to me, because, at some point, I began to think. And that’s when it all started.
Is It Conditioning, Morality, Or Naïveté?
December 18th, 2009
By: Tim Iacono
GoldSeek.com
Friday, 18 December 2009
The question of what motivates underwater homeowners to either stay put and continue to make their mortgage payments (if they can) or “walk away” from their home (and their financial obligations) has been receiving an increasing amount of attention in recent weeks.
SHTF: When the Rubber Dollar Hits Dr. Ben’s Helicopter
December 18th, 2009
by David Calderwood
LewRockwell.com
In 1922 Ludwig von Mises described in his book Socialism why a socialist system could not last. This was not a popular view. The illusion of socialism’s success had real staying power; it took 70 years for the USSR to wheeze its final proof of his position, fooling most people (e.g. analysts at the CIA) right to the end.
2010: ‘The Year of Severe Economic Contraction’
December 18th, 2009
by Mike Whitney
LewRockwell.com
Upbeat reports in the financial media, belie the effects of the ongoing credit contraction. Massive injections of central bank liquidity have prevented the collapse of financial markets, but have done little to ease the deleveraging of households or stimulate activity the broader economy. The crisis has stripped $13 trillion in equity from working families who now find their access to credit either cut off or severely curtailed by the same banks that received hefty taxpayer-funded bailouts. The fiscal strangulation of the millions of people who are no longer considered “creditworthy” is progressively weakening demand and spreading pessimism across all income levels. Growing public desperation was the focus of a special weekend report by Bloomberg News:
December 18th, 2009
by Patrick J. Buchanan
LewRockwell.com
If you would know what Copenhagen is all about, hearken to this nugget in The Washington Post’s report from the Danish capital.
“Ethiopian Prime Minister Meles Zenawi – who is representing all of Africa here – unveiled his proposal Wednesday for a system in which rich countries would provide money to poor ones to help deal with the effects of climate change. …
ANGER WITH FEDERAL GOVERNMENT NOT ENOUGH
December 18th, 2009
By Chuck Baldwin
December 18, 2009
NewsWithViews.com
According to Rasmussen Reports, “Seventy-one percent (71%) of voters nationwide say they’re at least somewhat angry about the current policies of the federal government. That figure includes 46% who are Very Angry.
December 18th, 2009
By Timothy N. Baldwin, JD.
December 18, 2009
NewsWithViews.com
In response to my one of my articles, “Hope for Financial Freedom,” I had a concerned American citizen correspond with me about the subject. He asked me a few questions which I feel are important enough to address publicly, because undoubtedly, there are many similar-thinking Americans who perhaps have not thought this fully through. Before I state the questions, let me explain why the questions were asked in the first place. As many American patriots are now advocating, the only viable way to resist federal tyranny is through the active sovereign powers of the States. This necessarily means, as I have explained for months, that the States must use the powers given to them by their sovereigns (the people)–and retained to them in the tenth amendment of the US Constitution–to pass laws which actively nullify, negate or refute unconstitutional federal laws and taxation within the sovereign borders of those States. Some people are looking at this scenario and asking what this gentleman asked me, as follows:
December 18th, 2009
By Mary Starrett
December 18, 2009
NewsWithViews.com
Made popular a decade ago when NRA president Charlton Heston held up a rifle and uttered a shortened version of the the slogan, “I will give up my gun when they peel my cold, dead fingers from around it,” these words were first used in 1976 and appear to have originated with the Citizens Committee for the Right to Keep and Bear Arms. Since then, words to that effect have become a rallying cry for those defending the Second Amendment.
Death Of The Internet: Censorship Bills In UK, Australia, U.S. Aim To Block “Undesirable” Websites
December 17th, 2009
Cutting off access altogether, massive fines and even jail time proposed for those who flout new laws
Steve Watson
Prisonplanet.com
Thursday, Dec 17, 2009
Debtor’s Dilemma: Pay the Mortgage or Walk Away
December 17th, 2009
In Down Real-Estate Market, Homeowners Are Deciding to Abandon Their Loan Obligations Even if They Can Afford the Payments
By JAMES R. HAGERTY and NICK TIMIRAOS
WallStreetJournal.com
4 Big Mortgage Backers Swim in Ocean of Debt
December 17th, 2009
By MARY WILLIAMS WALSH
NYTimes.com
Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support.
Recession hitting Ohio’s former steel towns hard
December 17th, 2009
By Anne Hull
Washington Post
Thursday, December 17, 2009
WARREN, OHIO — All day long the front door buzzes at Uptown Gems & Jewels. The people come in with their trinkets wrapped in tissue or velvet boxes. They say their hours have been cut or they’ve been laid off. Some have their first names stitched in cursive on their uniforms, others wear safety-toe boots.
Nearly half of Detroit’s workers are unemployed
December 17th, 2009
Analysis shows reported jobless rate understates extent of problem
Mike Wilkinson
The Detroit News
Despite an official unemployment rate of 27 percent, the real jobs problem in Detroit may be affecting half of the working-age population, thousands of whom either can’t find a job or are working fewer hours than they want.
Dollar Advances as Stocks Decline After Greek Credit Downgrade
December 17th, 2009
By Anna Rascouet and Yasuhiko Seki
Bloomberg.com
Dec. 17 (Bloomberg) — The dollar rose to the highest level against the euro in three months and the yen gained as declines in stocks stoked demand for the currencies as a refuge amid concern nations such as Greece may struggle to pay their debts.
Are U.S. and China Together on Gold?
December 17th, 2009
By: Rick Ackerman
GoldSeek.com
With Time magazine’s momentous selection of Ben Bernanke as Person of the Year, there were reports of people dancing in the streets in, um, Oslo. Leave it to Time to figure out a way to make Henry Luce roll in his grave while outdoing rival Newsweek in the race to claim publishing’s trophy for irrelevancy. While the understandably isolated delirium over Bernanke’s selection subsides, we thought we’d update the prospectus on gold with a contribution from a Rick’s Picks subscriber who has requested anonymity. His thoughts run counter to the popular notion that investors can count on steady buying from China to lend buoyancy to bullion quotes. As the writer makes clear, China may have a mind of its own, and it will not always be perfectly aligned with the thinking of gold bulls. Here we go:
Austrians Win, Keynesians-Friedmanians Lose
December 17th, 2009
by Gary North
LewRockwell.com
Niall Ferguson is an academic hotshot. He is a professor at both Harvard University and the Harvard Business School. This is unique. He is both an economist and an historian. This is rare. He writes very well. He writes widely respected books and very readable articles.
Gulf petro-powers to launch currency in latest threat to dollar hegemony
December 17th, 2009
The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.
By Ambrose Evans-Pritchard
TelegraphUK
CLIMATEGATE: MELTING THE CHAINS OF TYRANNY
December 17th, 2009
by Tom DeWeese
December 17, 2009
NewsWithViews.com
Rarely has a political movement with so much power collapsed so fast, certainly not since the fall of the Berlin Wall.
Beginning in 1990, Global Warming has been the battle cry behind schemes for global control of industry, energy use, water use, private property and community development. It has been the excuse for economy-killing legislation like Cap and Trade (that will extract $865 billion from an already overtaxed people who use energy), and global-to-local polices like Sustainable Development (that robs local communities of freedom to decide their own future development). As a result, the world economy is being transformed into a new Dark Ages of superstition and thought-control – all in the name of Global Warming – or more recently – Climate Change.
December 17th, 2009
PART 1 of 2
By Jon Christian Ryter
December 17, 2009
NewsWithViews.com
There are two amendments which appear in the US Constitution that were fraudulently declared ratified by then Secretary of State Philander P. Knox and US Solicitor General Joshua Reuben Clark. They are the 16th and 17th Amendments to the US Constitution. The JP Morgan-Rockefeller-Rothschild international banking cartel (which actually encompasses about 100 of the wealthiest families in the world) swapped New Jersey Gov. Thomas Woodrow Wilson the White House for their own private central bank. In doing so, they perpetuated the fraud on the people of the United States. To make a central bank viable, the bankers needed to be able to levy the incomes of the people of the United States. To do that, they needed Congress to enact a federal income tax. There was only one problem with that. Assessing an unapportioned tax (that unfairly and punitively targets one citizen over another) was specifically prohibited by the Constitution. The bankers needed a constitutional amendment to correct Article 1 § 8. The bankers had one other problem with this plan. Every attempt to create a permanent central bank or, for that matter, a new temporary one, met fierce resistance from the States and from State banks. To get a constitutional resolution through Congress, it would first be necessary to remove the States from the equation of governance at the federal level. The 17th Amendment did that.
ONE WORLD CURRENCY ON THE HORIZON?
December 17th, 2009
By Betty Freauf
December 17, 2009
NewsWithViews.com
Who said last February that it was OK with them to produce a new currency to replace the dollar? None other than serial tax evader, our U.S. Treasury Secretary Timothy Geithner and the guy that held his nose when the corporations to big to fail began receiving government bailouts, Federal Reserve chief, Ben Bernanke. In a speech to the Greater Omaha Chamber of Commerce on February 6, 2007 Bernanke warned that rising income inequality in the U.S. “has been evident for at least three decades, if not longer.” [1] Gee, I wonder what caused that? Could it be the Federal Reserve printing money out of thin air causing inflation and the income disparity? And why did the Obama administration fail to invite the National Federation of Independent Businesses (NFIB) and the Chambers to the “Jobs Summit” table held early in December? National Black Chamber of Commerce president, Harry Alford, a guest on Glenn Beck on 12/9 told how unions with big government jobs that pay prevailing wages (40% higher than non-government jobs) discriminate by ignoring minorities for these jobs but instead they bring in workers from 60-70 miles away.