The Financial crisis in America.

Mr. Keating FIVE, as with the background of the Savings and Loan scam wants to be appointed President with a no show! Right man for the right job.

Has Deregulation Sired Fascism?

By Paul Craig Roberts

ICH" -- - -- Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would rise, and unions would strike for higher benefits. Then the Fed would put on the brakes by raising interest rates. Money supply growth would fall. Inventories would grow, and layoffs would result. When the economy cooled down, the cycle would start over.

The nice thing about 20th century recessions was that the jobs returned when the Federal Reserve lowered interest rates and consumer demand increased.

In the 21st century, the jobs that have been moved offshore do not come back. More than three million U.S. manufacturing jobs have been lost while Bush was in the White House. Those jobs represent consumer income and career opportunities that America will never see again.

In the 21st century the US economy has produced net new jobs only in low paid domestic services, such as waitresses, bartenders, hospital orderlies, and retail clerks. The kind of jobs that provided ladders of upward mobility into the middle class are being exported abroad or filled by foreigners brought in on work visas.

Today when you purchase an American name brand, you are supporting economic growth and consumer incomes in China and Indonesia, not in Detroit and Cincinnati. In the 20th century, economic growth resulted from improved technologies, new investment, and increases in labor productivity, which raised consumers’ incomes and purchasing power.

In contrast, in the 21st century, economic growth has resulted from debt expansion. Most Americans have experienced little, if any, income growth in the 21st century. Instead, consumers have kept the economy going by maxing out their credit cards and refinancing their mortgages in order to consume the equity in their homes. The income gains of the 21st century have gone to corporate chief executives, shareholders of offshoring corporations, and financial corporations. By replacing $20 an hour U.S. labor with $1 an hour Chinese labor, the profits of U.S. offshoring corporations have boomed, thus driving up share prices and “performance” bonuses for corporate CEOs.

With Bush/Cheney, the Republicans have resurrected their policy of favoring the rich over the poor. John McCain captured today’s high income class with his quip that you are middle class if you have an annual income less than $5 million. Financial companies have made enormous profits by securitizing income flows from unknown risks and selling asset backed securities to pension funds and investors at home and abroad.

Today recession is only a small part of the threat that we face. Financial deregulation, Alan Greenspan’s low interest rates, and the belief that the market was the best regulator of risks, have created a highly leveraged pyramid of risk without adequate capital or collateral to back the risk. Consequently, a wide variety of financial institutions are threatened with insolvency, threatening a collapse comparable to the bank failures that shrank the supply of money and credit and produced the Great Depression.

Washington has been slow to recognize the current problem. A millstone around the neck of every financial institution is the mark-to-market rule, an ill-advised “reform” from a previous crisis that was blamed on fraudulent accounting that over-valued assets on the books. As a result, today institutions have to value their assets at current market value.

In the current crisis the rule has turned out to be a curse. Asset backed securities, such as collateralized mortgage obligations, faced their first market pricing in panicked circumstances. The owner of a bond backed by 1,000 mortgages doesn’t know how many of the mortgages are good and how many are bad. The uncertainty erodes the value of the bond. If significant amounts of such untested securities are on the balance sheet, insolvency rears its ugly head. The bonds get dumped in order to realize some part of their value. Merrill Lynch sold its asset backed securities for twenty cents on the dollar, although it is unlikely that 80 percent of the instruments were worthless.

The mark to market rule, together with the suspect values of the asset backed securities and collateral debt obligations and swaps, allowed short sellers to make fortunes by driving down the share prices of the investment banks, thus worsening the crisis. With their capitalization shrinking, the investment banks could no longer borrow. The authorities took their time in halting short-selling, and short-selling is set to resume on October 3 or thereabout. If the mark to market rule had been suspended and short-selling prohibited, the crisis would have been mitigated.

Instead, the crisis intensified, provoking the US Treasury to propose to take responsibility for $700 billion more in troubled financial instruments in addition to the Fannie Mae, Freddie Mac, and AIG bailouts. Treasury guarantees are also apparently being extended to money market funds. All of this makes sense at a certain level. But what if the $700 billion doesn’t stem the tide and another $700 billion is needed? At what point does the Treasury’s assumption of liabilities erode its own credit standing?

This crisis comes at the worst possible time. Gratuitous wars and military spending in pursuit of US world hegemony have inflated the federal budget deficit, which recession is further enlarging. Massive trade deficits, magnified by the offshoring of goods and services, cannot be eliminated by US export capability. These large deficits are financed by foreigners, and foreign unease has resulted in a decline in the US dollar’s value compared to other tradable currencies, precious metals, and oil.

The US Treasury does not have $700 billion on hand with which to buy the troubled assets from the troubled institutions. The Treasury will have to borrow the $700 billion from abroad. The dependency of Treasury Secretary Paulson’s bailout scheme on foreign willingness to absorb more Treasury paper in order that the Treasury has the money to bail out the troubled institutions is heavy proof that the US is in a financially dependent position that is inconsistent with that of America’s “superpower” status.

The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn’t learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept.

Currently, the fight between the administration and Congress over the bailout is whether the bailout will include the Democrats’ poor constituencies as well as the Republicans’ rich ones. The Republicans, for the most part, and their media shills are doing their best to exclude the ordinary American from the rescue plan. A less appreciated feature of Paulson’s bailout plan is his demand for freedom from accountability.

Congress balked at Paulson’s demand that the executive branch’s conduct of the bailout be non-reviewable by Congress or the courts: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion.” However, Congress substituted for its own authority a “board” that possibly will consist of the bailed out parties, by which I mean Republican and Democratic constituencies.

The control over the financial system that the bailout would give to the executive branch would mean, in effect, state capitalism or fascism. If we add state capitalism to the Bush administration’s success in eroding both the US Constitution and the power of Congress, we may be witnessing the final death of accountable constitutional government.

( Lets see what happens after the November elections...why this pessimism?)

The US might also be on the verge of a decision by foreign lenders to cease financing a country that claims to be a hegemonic power with the right and the virtue to impose its will on the rest of the world. The US is able to be at war in Iraq and Afghanistan and is able to pick fights with Iran, Pakistan and Russia, because the Chinese, the Japanese and the sovereign wealth funds of the oil kingdoms finance America’s wars and military budgets. Aside from nuclear weapons, which are also in the hands of other countries, the US has no assets of its own with which to pursue its control over the world.

(wasn't the argument of these Friedman types of people from the Chicago Monetarist school that the USA was super rich with net value of capital and stock in the country in the region of $40 trillion, and that the assets of the country could be sold off to cover the debts of the country. Presumably only a fraction of the country is actually owned by foreigners, and there are still huge amounts of Capital value left in the USA.............having said this the system of selling all your assets at cheap rates to cover debts is not a viable solution or a good economic model to rely on AKA Yeltsin's Russia is clearly not the solution for the USA............because well,.........foreigners then own your country, and inevitably it results in the collapse of the country and its living standards......as in Russia in the 1990's. It also has to contend with the fact that foreigners holding American paper currencies etc actually want to use their holdings to buy into America only, and have no other plans or objectives with their holdings.........false assumptions about other peoples behaviour)

The US cannot be a hegemonic power without foreign financing. All indications are that the rest of the world is tiring of US arrogance.

( I imagine a lot of countries are not happy with American foreign policy...and the new administration in January 2009 will have to make real changes to American foreign policy whether they like it or not, because of the economic realities in America)

If the US Treasury’s assumption of bailout responsibilities becomes excessive, the US dollar will lose its reserve currency role. The minute that occurs, foreign financing of America’s twin deficits will cease, as will the bailout. The US government would have to turn to the printing of paper money as did Weimar Germany.

(The economic collapse of Germany in 1923, and the USA in 1929, and more recently now were planned.............the Jewish banks knew what they were doing in all cases........what is the main issue here and now is what they can get away with in their schemes and plans, and how alert and aggressive Joe Public is about this issue in America)

For now this pending problem is hidden from view, because in times of panic, the tradition is to flee into “safety,” that is, into US Treasury debt obligations. The safety of Treasuries will be revealed by the extent of the bailout.

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions.

The Thoughts of David Ben Gurion founder of Israel on Pakistan

Taken from a comments section of a blog, and presumably authentic:

If there is still any doubt as to the real intentions of Israel, then please see this statement issued by David Ben Gurion, the first Israeli Prime Minister. His words, as printed in the Jewish Chronicle, 9 August 1967, leaves nothing to the imagination:

"Whereas the inhabitants of the Indian peninsula are Hindus whose hearts have been full of hatred towards Muslims, therefore, India is the most important base for us to work there from against Pakistan."

(Actually Benni babe Indians Hindus on the whole are not a vengeful hateful people, like your filthy race, they are quite a forgiving, kind, gentle people.......its a racial thing and a religious factor for this........the events of the Partition 1947-48 were British engineered, and was an exception........as to India becoming an Israeli BASE, that certainly has come to full fruition, especially since the late 1990's...........this will not be in India's best interests as Israeli experts arrive, and more security exchanges take place, surprise, surprise, more terrorist incidents will take place in their vicinity in India)

"It is essential that we exploit this base and strike and crush Pakistanis, enemies of Jews and Zionism"

(Well Bene babe you sound like the typical exploitative politician rousing the people with the usual boogie men....I am not aware whether most Pakistanis hate Jews and Israel. Obviously they can't be best pleased with the treatment of the Palestinians, the Lebanese....but isn't that a human thing, natural? As to the Pakistanis themselves...well they have done private surveys before the present crisis ridden juncture, and in these surveys it was revealed that 50-60 % of the population were keen to have relations with the Jewish state, and a good deal of the rest were indifferent. ONLY A SMALL percentage, very small were openly hostile towards Israel. One digit figure.

You see Bene Jew babe most normal people are busy thinking about the usual run of the mill things in life like, mortgages, taxes, family, the price of basic necessities, jobs, their friends......only in your warped Jew boy mind would you think that an entire nation thousands of miles from Israel, historically never having any relation/relevance to the JEW, would be busy conspiring in their huddling masses to see the end of Israel.......

I'll give you another factor why Pakistan will never be a threat to Israel, a piece of real intelligence. Most Pakistanis are Indic as in the people in India (70% especially in the Punjab and Sindh, the rest being Iranian 30%) But they are not merely Indic, but a good deal of them are low caste Hindus who converted into Islam under Muslim rule..................Islam teaches that all people are the same what ever the caste and creed, juxtaposed with Hinduism which teaches depending on ones Karma and other factors that one can be born into an inferior position, and thus be treated as an inferior in society. One can change ones religion and ones name, but one cannot change ones race. A key rather simplistic character trait of low caste Hindu's is to be inordinately cruel to ones own kind, and to be overly submissive to foreign masters. People like General Zia Ul Haq, General Musharaf, President Zardari are undoubtedly of low caste Hindu ancestry............The Raj Punjab Police Force (Pakistan army) has killed more of its own people than any other armed force on earth. Besides this great accomplishment, they have security detachments posted in the Gulf countries supporting the British backed regimes in the Gulf....a defacto colonial force annexed to British foreign policy..........

Finally Pakistan is a failed state, managed by the USA and UK. It is highly unlikely that any real strategic policy within Pakistan is ever ever carried out without the OK from the Americans first............so in relation to Israel in terms of actual state policy from Pakistan nothing real threatening any time soon from there).

"The world Zionist movement should not be neglectful of the dangers of Pakistan to it. And Pakistan now should be its first target, for this ideological State is a threat to our existence. And Pakistan, the whole of it, hates the Jews and loves the Arabs."

"This lover of the Arabs is more dangerous to us than the Arabs themselves. For that matter, it is most essential for the world Zionism that it should now take immediate steps against Pakistan."

____________________________________

So I am working at the National Security Council of Pakistan and what should and would I be thinking about this statement by Bene babe?

1. This is an irrelevant statement taken out of context, spoken by an old man, long gone. Well not likely.....He was the founding father of Israel...a towering figure for Israel. His crisis management policy for Israel to exploit situations to Israel's advantage still exists, as mentioned in the previous post. It should be taken very seriously by Pakistanis...........Israel poses a real threat to Pakistan, especially since Pakistan acquired the nuclear bomb.

2. The USA is dominated by 7--9 million Jews. The USA rather than being an ally poses a real threat to Pakistan. The USA has actually harmed Pakistan on many occasions in the past.It is in Pakistan's best interest to distance themselves from the USA at all levels clearly and quickly.

3. Israel's MOSSAD have developed linkages with the ISI starting in the 1980's; American intelligence has developed linkages with the ISI..........Through these covert relationships many a problem have been created inside and outside Pakistan. The quicker these linkages are erased the better for Pakistan.

Eretz Israel and the destruction of the world to get it.

PM Olmert stated that the Eretz Israel dream was unrealistic and unattainable. Was he being sincere or politically posturing for the benefit of the West, as a lame duck PM about to retire. Eretz Israel is a good dream.....for many Jews. Jews have never control an empire of their own, in their name, and now logically with their perceived ascendant power, some of them would like to own one, preferably using America. To be sure they have in their history in the twentieth century controlled countries, but usually as non-Jews indirectly behind the scenes. Germany (1919---1945), The Soviet Union Empire (1918-1991), The American empire since (1898--2008) with Teddy Roosevelt, and finally of course the British empire (1750----1960). But obviously for some of them what they really want is an overt Jewish empire, overtly run by Jews, unashamedly Jewish with upfront Jews running things from the front in their named Jewish empire......not your behind the scenes, name changing stuff to appease the Goyim.

Will it happen? Highly unlikely because they need to win an awful lot of wars to get there.......a huge number of their conspiracies need to work out in their favor continuously for a long time......and the Jews in this area haven't been too lucky, given their history in certain countries. But still a dream is a dream, so why knock it, even if it means the demise of Israel at the end trying to attain it? You can only do so much with a nation of 5 million or so actual Jews....with a population remaining static for a good while, whilst the educated middle class flee to more saner climes.

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Crisis Zionism

By www.Xymphorablogspot.com

Ron Andreas on intentional instability and crisis in the Middle East and elsewhere (found via here):

"Unlike the Western oil majors, the militant Zionist proponents of greater Israel view stability and peace in the Middle East as inimical to their goals. Chaos and strife create the 'revolutionary atmosphere' (as Ben Gurion one of the key founders of the state of Israel put it) in which more land and water resources can be taken under their control. This fact explains the motive behind the ceaseless provocations and destabilization that the Israeli military and secret services perpetrate.

The 'iron wall' policy established by Ze’ev Jabotinsky prior to the founding of the Jewish state requires the expulsion of Christian and Muslim Arabs from Palestine. Such a goal requires war or other violent means. David Ben Gurion stated, 'What is inconceivable in normal times is possible in revolutionary times; and if at this time the opportunity is missed and what is possible in such great hours is not carried out . . . a whole world is lost.' This reality, of the necessity for violent upheaval to achieve Zionist aims, exposes which party is the true aggressor in the Middle East."

and (note how 'progressive' writers support this deception while hiding their comments as criticism):

"In their struggle to expand the Jewish state in the 'land of Israel,' Zionists have attempted to portray their interests as coinciding with those of the Western imperial powers. Conversely they have tried to portray their opponents as enemies of those powers. Yet the only business sector of the Western powers that has interests that align with Israel’s convulsive militarism is the military industrial complex. An elaborate structure has been established to forge a de facto alliance between Israel’s war hawks and the US military industrial complex. This alliance is evidenced in entities such as the Center for Security Policy, Washington Institute for Near East Policy, and Jewish Institute for National Security Affairs."

and (problems that should be obvious - particularly now! - to Americans; my emphasis in red):

"The radical cabal of Zionists tried to enlist popular support for the wars by alluding to Iraq’s energy resources as Paul Wolfowitz did when he stated, 'Iraq sits on a sea of oil.' However, after five years of occupation likely costing trillions of dollars, there is little hope of securing any preferential access to, much less, reliable control over any energy resources. Prior to the invasion, Exxon/Mobil was the world’s biggest publicly traded entity, a distinction that now falls on its Chinese competitor, SINOPEC.

While the relative market share of U.S. oil majors has declined, the destruction of Iraqi society, the devastation of its scientific and intellectual institutions, and the dismantling of its industrial infrastructure, all Zionist goals, have been achieved. Similarly, the American economy has been brought to a standstill due to high oil prices resulting from the wars and the current account deficit that is largely a result of borrowing for war spending. Over the course of the occupation, the U.S. dollar has declined in value by nearly 40 percent.

Nobel prize winning economist, Joseph Stiglitz has stated that the sanctions imposed on Iran coupled with the war atmosphere in the Gulf region, in general, has caused investment in and development of new oil production to come to a halt, exacerbating the high prices that result from the constant threats issuing out of Tel Aviv and the neocon institutes in Washington. It remains to be seen whether the non-Zionist elites in the Western world can begin to challenge the endless wars for Israel by at the very least opposing the sanctions against dealings with Iran."

It is curious how normal people in the world find it difficult to understand that others have goals which actually require conflict and instability. Much of what we see happening in and around Israel and Zionism can only be explained by the fact that the Zionists have always understood that the highly unlikely goal of Greater Israel can only be obtained through confusion, destruction, crisis and war (Iraq, Afghanistan, Georgia, saber rattling against Iran and of course Pakistan). Even the Cold War, now being revitalized by Zionists in the American government, is part of this program (Georgia, Ukraine, Polish missiles defence...). As I keep repeating, the choice is stark: you can stop them now, or you can wait until they wreck the whole world.

Another engineered collapse of the American economy.

Another interesting article from Mike Whitney, and you can read ALL his articles on his blog Smirking Chimp.....his forte seems to be succinctly describing the macro-economic problems of America in very interesting ways for non-economists like myself, kind of university rag approach but is still very serious, and very authoritative. His strength in analysis is that he clearly is not a Wall Street insider trying to explain the unexplainable. His latest article is posted here:

_____________________________________________

By Mike Whitney

"One bank to rule them all;
One bank to bind them..."

21/090/08 "ICH " -- - These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation's financial markets and the country's economic future. Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4' by 6' teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week. He rose to power in a stealthily-executed Bankster's Coup in which he, and his coterie of dodgy friends, declared martial law on the US economy while elevating himself to supreme leader.

(I think this was planned a couple of years ago in the nineteen eighties or early nineties, and the Oklahoma City bombing 1995, and 9/11 were part of this and the various security related Acts of Congress, were part of this grand scheme engineered by both the Republicans and Democrats........but I know Mike you still secretly hold out hope with the Democrats, or some other entity from the American left......but this 'problem' was never a Left/Right issue....its a racial issue...its a Jewish issue.....the Jews that run the financial houses of America, Capitol Hill, the Media.........never had any allegiance to America..they were looking out for their own, and Israel, that's what it is all about....to destroy America, weaken her identity, and then submerge the carcass with Mexico and Canada in a Jewish run superstate.....They believe that they must destroy America in order to rebuild the country in their image. But Mike even you live within the American bubble, maybe near New York and to say such things is distasteful, crude, basic........and so you use your considerable knowledge of eloquent words to state the obvious in a rather frantic way )

"All Hail Caesar!" The days of the republic are over.

(Yes we can say that America is not really a functioning Democracy; it ceased to be a couple of years ago)

Section 8 of the proposed legislation says it all:

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

(No Judicial Review of administrative authority and decision......that's dictatorship! You can commandeer wide scale powers during emergency situations, but they should still be judicially reviewable unless obviously you are up to something no good)

Right; "non-reviewable" supremacy.

Congress, of course, is more than eager to abdicate whatever little authority they have left. They're infinitely grateful for their purely ceremonial role, the equivalent of Caligula's horse, albeit, with considerably less dignity. Has even one senator spoken out against this madness, which--according to informal internet polls--is resoundingly rejected by the voters? Does it concern the members of congress at all, that the present financial crisis was brought on by the proliferation and sale of trillions of dollars of mortgage-banked garbage which were fraudulently represented as Triple A rated bonds by the very same people who now claim to need unprecedented and dictatorial powers to fix the problem? Or are they more worried that the steady torrent of contributions which flows from Wall Street to congressional campaign coffers will be inconveniently disrupted if they fail to ratify this latest assault on democratic governance? The House of Representatives is one big steaming dungheap that should be leveled and turned into an amusement park instead of a taxpayer-funded knocking shop. What a pathetic collection of cowards and scumbags.

Bloomberg News: "

"The Bush administration sought unchecked power from Congress to buy $700 billion in bad mortgage investments from financial companies in what would be an unprecedented government intrusion into the markets. Through his plan, Treasury Secretary Henry Paulson aims to avert a credit freeze that would bring the financial system and the world's largest economy to a standstill. The bill would prevent courts from reviewing actions taken under its authority.

"He's asking for a huge amount of power,'' said Nouriel Roubini an economist at New York University. ``He's saying, `Trust me, I'm going to do it right if you give me absolute control.' This is not a monarchy." (Bloomberg)

The banksters own this country, always have; only now they've decided to strip away the curtain and reveal the ghoulish visage of the puppet-master. It ain't pretty.

(They have owned America since the Fed was created in 1913, not before; various attempts were made to infiltrate America by the Rothschild agents but they failed because of the vigilance of Americans.......once Jews took over the American media, with it went the vigilance, and the distaste for empire......the pursuit of empire goes hand in hand with greater monopoly of the Jew over America)

Paulson decided that the financial markets needed an emergency trillion dollar face-lift just weeks before his former business partners at G-Sax were dragged off to the chopping block. Was that the reason? Everyone on Wall Street knew that the bulls-eye had already been ripped from Lehman's bloody back and was about to be fastened on Goldman's. Now, it looks like they will escape their day of reckoning due to Paulson's eleventh-hour reprieve. Nice touch, eh?

From the proposed legislation: LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY
TO PURCHASE MORTGAGE-RELATED ASSETS

"(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them."


Market Ticker's Karl Denninger summed this up best:

"This is the de facto nationalization of the entire banking, insurance and related financial system..That's right - every bank and other financial institution in the United States has just become a de-facto organ of the United States Government, if Hank Paulson thinks they should be, and he may order them to do virtually anything that he claims is in furtherance of this act.....The bill gives Paulson the ability to nationalize unlimited amount of private debt and force you and your children to pay for it."

Denninger again:

"The claim is that this is intended to 'promote confidence and stability' in the financial markets.
It will do no such thing. It will instead strike terror into the hearts of investors worldwide who hold any sort of paper, whether it be preferred stock, common stock or debt, in any financial entity that happens to be domiciled in the United States, never mind the potential impact on Treasury yields and the United States sovereign credit rating.

I predict that if this passes it will precipitate the mother and father of all financial panics." (Market Ticker)


Amen. The transformation from a free market to a centralized, Soviet-style economy run by men whose judgment and credibility is already greatly in doubt; does not auger well for the markets or the country. Anyone with a lick of sense would cash in their chips first thing Monday and look for capital's Elysium Fields overseas or as far as possible from the circus sideshow now run by G-Sax ringleader, Colonel Klink.

Paulson's Chicken Little routine might have soiled a few senatorial undergarments, but let's hope the American people are made of sterner stuff and will reject this charade. The conversation should be shifted from conceding more authority to hucksters in pin-stripes to indictments for securities fraud. Even the most economically-challenged nation ought to be able to afford a few sets of leg-irons and a couple hundred jail cells. That's all it will take. That, and a couple brisk dunks on the waterboard. Glub, glub.

Paulson's plan to revive the banking system by buying up hundreds of billions of dollars of illiquid mortgage-backed securities (MBS) and other equally poisonous debt-instruments; ignores the fact these complex bonds have already been "marked to market" in the recent firesale by Merrill Lynch. Just weeks ago, Merrill sold $31 billion of these CDOs for roughly $.20 on the dollar and provided 75 percent of the financing, which means that the CDOs were really worth approximately $.06 on the dollar. If this is the settlement that Paulson has in mind, than the taxpayer will be well served. But this will not recapitalize the banks balance sheets or mop up the ocean of red ink which is flooding the financial system. No, Paulson intends to hand out lavish treats to his banker buddies, while interest rates soar, pension funds collapse, the housing market crashes, and the dollar does a last, looping swan-dive into a pool of molten lava. Thanks, Hank.

Economist and author Henry Liu summarized the current maneuvering like this: "The Fed is merely trying to inject money to keep prices not supported by fundamentals from falling. It is a prescription for hyperinflation. The only way to keep price of worthless assets high is to lower the value of money. And that appears to be the Fed unspoken strategy."

Indeed. The Fed and Treasury have decided to backstop the entire global financial system (foreign banks can access the Fed's facilities, too!) with paper money which is rapidly losing its value. Watch the greenback tumble tomorrow in currency trading.

Congress is getting steamrolled and the American people are getting snookered. Consumer confidence--already at historic lows--is headed for the wood-chipper feet-first. Something has got to give.

One minute everything is hunky-dory; the subprime meltdown is "contained" and "the fundamentals of our economy are strong".(Paulson) And, less than a week later, congress is forced to surrender their constitutionally-mandated right to oversee spending in order to forestall economic Armageddon. Which is it? Or is the real objective just to keep the country on an emotional teeter-totter long enough for all state-power to be subsumed by the Wall Street Politburo?

No one knows what will happen next. We are in uncharted waters. And no one knows what the political landscape will look like after the dust settles from this outrageous power grab. According to Paulson, things are so dire, the entire nation will be reduced to smoldering rubble and twisted iron. But can we trust him this time after his long litany of lies?

(Your premise is that these people at best are incompetent after working a lifetime in this sector, or at worst criminals out to enrich themselves and their friends, and in the process of doing so are destroying the American economy......which is quite different from what many others are saying, which is that it is deliberately being managed for certain planned outcomes stated above. I think the later point gives us greater answers than Mikes position.........Mikes article is merely screaming get angry people at the end, nothing else)

Isn't it about time to send the cockroaches scuttling back to their hideouts and bring in the cleaning crew to hose the whole place down? It sounds like a job for Ralph Nader, a man of vision and unshakable integrity. Give Ralph a badge and let him deploy his Raiders to Wall Street armed with bullwhips and tasers. Let them post a guard in every CEOs and CFOs office and every boardroom on the Street---and if even one decimal is accidentally moved to the right or left on the corporate ledger; clap them in leg-irons and drag them off squealing to Guantanamo. That's how you clean up Wall Street!

(Nader doesn't stand a chance, and you know it, so why suggest it? And no the mild Nader isn't the sort who could sort it out in America for America......too old feeble and gentle; you need someone made of sterner stuff in America...who I don't know, but Nader isn't the answer. We are talking about gangsters after all who have killed their own people, and a couple of million in other countries......Nader wouldn't be the answer for this lot. Few nations produce good leaders consistently, and I am afraid you have just had one of the worst in two terms, and the millions of good Americans perfectly capable of doing the right thing by America will not be allowed into power........unless you usurp the Jew, and his various anti-American schemes)

Don't let the prospect of a national crisis trick you into giving up your freedom, America. The people behind this scam are the same landsharks and flim-flam men who polluted the global marketplace with their snake oil and toxic sludge. These are the fraudsters who manufactured the crisis to begin with. This is just the latest installment of the Shock Doctrine; engineer a crisis, and then, steal whatever is left behind. Same sh**, different day. Be resolute. Don't budge. Our economic foundations may be crumbling, but or determination is not. This is our country, not Goldman Sach's. The people who destroyed America must be held to account. Their time is coming. Justice first.

( Well Mike lets see, the gulags in America are about ready to hold a couple of million American dissidents, and the security laws are in place.......there will be no justice against this lot any time soon. The best you can hope and pray for REALISTICALLY, is for Bush to quietly pass, and a more accomodating Jewish run administration in America comes to power.................and simply avoids the worst excesses of the Bush administration...................and thats it. Good luck)

No suprises here.

Here is an interesting article by a Pakistani defense analyst, with the rather quaint South Asian Press vernacular.

Its weakness is that it does not look at the problem from both sides, but is very staunch in defending the Pakistani security institutions, the Armed Forces and the ISI. Fair enough, when your nation is under the very real threat of destabilization, followed by invasion then obviously you close ranks around the only credible institutions in Pakistan which can guarantee Pakistan's stability, defense and sovereignty.

The Americans have been the villains in all this for the better part of 40 years at least, against Pakistan's interest, and one may add the UK, the nation that created Pakistan. BUT, at what point do you stop blaming Pakistan's national problems on the Gora from the other side of the world, and take responsibility for the failure of the elite in Pakistan, and your own government? Isn't the fundamental problem of Pakistan, governance or lack of it, with or without the help of the USA?

Once Pakistanis learn to really face up to the problem of their own leaders, and deal with the poor level of governance then Pakistan will begin to deal with the fundamental problems of being failed state number 9, at the bottom out of 200 sovereign nations......the problems of Pakistan are much deeper, and when predatory powers such as the USA/UK come along they exploit the weaknesses of such failed states for their Jewish global masters agenda's.

The article didn't ask but I want to ask:

Why did Pakistan through American and British urging arm and train Islamic fundamentalists from Afghanistan in the 1970's, as part of 'Operation Cyclone' and 'Operation Greenbelt'?

Why did Pakistan arm and favor the most extreme Mujaheddin from Afghanistan (Gulbuddin Hekmatyar) and later when the Mujaheddin couldn't consolidate for Pakistan, the Taliban ? (even more extreme than Hekmatyar).

Why were 12,000 highly politicized Muslims from other countries openly invited to Pakistan to train and fight along side with the Mujaheddin? What benefits were there of this policy to Pakistan directly....Arab governments would have bankrolled the Afghan resistance dollar for dollar regardless of whether Arabs were involved or not? Was this another case of the ISI following gora orders, or a true case of an honest mistake on the part of General Hamid Gul.........because it sounded good at the time? If ones objective after the Soviets depart is for Pakistan to have a greater influence in Afghanistan, what role would foreign fundamentalists play in this strategy? Couldn't it be more plausibly argued that one would probably have less control over foreigners and their actions than over the Afghans?

Does Mr. Asif Raja think the Taliban or the likes of Hekmatyar are perfectly 'normal' people who should be charged with, and supported to run a NEIGHBORING country? Wouldn't there be a blow back? Besides the ISI you have some of your people who are involved fighting shoulder to shoulder with the Taliban and Mujaheddin, and isn't it inconceivable that these very same people could come into Pakistan and urge a similar government for Pakistan?

Why did the Pakistani security forces help the USA create the al-Qaeda myth? Al-Qaeda is a front for the justification of covert terrorist ops by Western and Israeli intelligence, so what interest does this serve for Pakistan to support such a policy?

Al-Qaeda is also the justification for invading Muslim countries directly and indirectly through GWOT: Afghanistan 2001, Iraq 2003 and Somalia 2006, and which now direct threats against Pakistan.............and a couple of other Muslim countries there after.........SO why is Pakistan so keen to help Jewish controlled USA studiously maintain this myth and justify attacks against so many Muslim countries? It is one thing for France by way of a random example, to say that al-Qaeda is a problem..............but France was not involved in the critical stage of creating the al-Qaeda myth, and therefore can plead ignorance in the future when it is plainly proved that al-Qaeda is a myth. But the USA, Britain, Israel and especially Pakistan have been very active in creating the al-Qaeda myth, and I understand why Israel, The USA and Britain might want to maintain this myth.......Eretz Israel/empire/colonization/resource wars for their percieved interest........BUT why is Pakistan involved top down? When the myth threatens Pakistan's very existence, " We (USA, Britain, Israel) need to go into Pakistan to deal with al-Qaeda linked insurgents, and secure the nukes so that they do not fall into the wrong hands"

If al-Qaeda is a fake front of Western and Israeli intelligence, and the Pakistani security know it, why were Pakistani citizens handed over to them to be humiliated, tortured, raped and murdered into 2008?

If Pakistan is fighting American backed and armed terrorists in FATA, and the NWFP, why not call them by their real identity, rather than say the Pakistan army is playing its part in the war on terror GWOT, or that merely terrorists have been killed? Why not call it like it is? "Good evening this is the 9 o'clock news brought to you by PTV. Our main news is that our brave security forces have killed ???!!!!! number of American backed terrorists in FATA today..........these were believed to have been recruited ???!!!! camp by the Americans in the Kunar province and armed there.............The army intercepted the American backed terrorists as they were............". If the government simply says it is fighting an anti terror campaign it does not give context to the overall argument...........it confuses the public, who need to back the armed forces fully at this critical juncture.

If Pakistan solely has initiated five wars and near wars against India (1948, 1965, 1971, 1990, 1999), and covert ops against Indian Kashmir, how much restraint should the Indians exercise against Pakistan, and pretend these things never happened....and just pray 'Hari Ohm Shanti'? 'Hari Ohm Shanti'?

On what basis do the Pakistani elite think the USA run by Jews was ever an indispensable ally? Is most of Pakistan's military systems American still? Did China need American security agreements and bases in their country, and money to be a great nation now?

If you elect a well known gangster who served eight years in Prison to the highest office in the land, do you expect friends and foe to take your country seriously?

Of course hindsight would be a wonderful thing, but really repeating the same mistakes over the better part of 60 years without a learning curve is the reflection of gross stupidity. It is Ullu Bacha behavior...............and in the case of Zardari that's even a fact..............the right man for the right job.


_________________________________________

USA Has Bared Its Teeth

By Asif Haroon Raja

201/9 i/08 "ICH" -- The US and its allies succeeded in toppling Taliban regime in November 2001 and replacing it with a puppet regime, but the Taliban were neither militarily defeated nor eliminated from the system.

(I don't know, in my opinion the Americans did a pretty good job of defeating the Taliban....it was 40,000 strong controlling 90% of Afghanistan by 2001, and now about 8,000 strong only having nominal tenuous control of some parts of Afghanistan which are remote. AND a good deal of them have been turned/retrained into fighting Pakistan AND the Pak military have pledged to fight them from Pakistan........from the Jewish perspective of getting at the Pak nuke bomb it looks good. In addition the Jews are making a huge profit from the booming narcotics trade from Afghanistan...........what could be better for them?)


But for effective encirclement of Afghanistan from all directions and massive air support provided by USA, the Northern Alliance could not have made any progress. Once the Taliban realised that they were no more in a position to offer resistance particularly after Pakistan ditched them, they considered it prudent to carry out a tactical withdrawal from Kabul and most took shelter in Pashtun dominated southern and eastern Afghanistan.

( Tactical retreat is when you reposition the vast majority of your fighting machine into a better situation more or less intact, that is not the case with the Taliban; they were routed/defeated......40,000 2001, and now after 7 years 8,000........obviously the writer of this article Mr. Raja is a fan of the Taliban.....and wants to present to us the idea that the Taliban know what they are doing, and have a game plan for retaking Afghanistan....I beg to differ for a couple of reasons:

1) The Taliban were created by the Americans as an excuse to invade Afghanistan in the future, via the ISI assistance. So the Taliban is not a noble nationalist cause fighting for Afghanistan's independence, but a tool of USA geo-strategy, and an excuse to prod and blame Pakistan.....AND enter Pakistan under the guise of fighting their created Taliban.

2) The Afghan Taliban as of now is 8,000 without ANY air cover, poorly armed, trained, led, infiltrated, poor tactics, poor logistics, fighting against 300,000 coalition and Afghan government security forces and militia....the odds are too great. The Western media propaganda that Afghanistan is about to fall to the Taliban is just that propaganda bullshit....to justify action and pressure against Pakistan. "Taliban attacks in Afghanistan is increasing!" "The situation is very serious in Afghanistan for America"------Bullshit propaganda to encourage the build up of foreign forces in the country from 8,500 in 2001 to the present 70,000---80,000, AND justify the attacks inside Pakistan by them with the goal of securing the Pakistani nukes for Israel, BEFORE an attack against Iran takes place.

3) India, Iran and Russia WILL NOT EVER ALLOW THE RESURGENCE OF THE TALIBAN in Afghanistan, should the Afghan Taliban somehow miraculously defeat the present forces against them in Afghanistan.

4) If there is a Taliban ascendancy/control in Afghanistan that is a security threat for Pakistan long term because it will encourage like minded fundamentalists in Pakistan to emulate a Taliban government in Afghanistan to take over Pakistan. As it is now happening in FATA, and other parts of the NWFP, with American backing.

5) Fake American backed organizations like the Taliban are irrelevant to the REAL needs of the Afghan people....you do not destroy a whole country, enslave the women and drag the nation back a thousand years even further then where it was already in the Middle ages, in order to save the great nation of Aryana. Pakistan should cease being the prostitute of such failed Jewish policies.

Some trickled into FATA and Baluchistan where they had their kith and kin and some moved into Iran. They remained inactive till 2002 but utilised this time to regroup and refit themselves to be able to strike back at the invading forces that had devastated their country. Bush and his teams of neo-cons felt complacent that the Taliban and Al-Qaeda had been taken care of and only the remnants had to be flushed out. It was this smugness which impelled them to invade and occupy Iraq in March 2003.

In the meanwhile, the vices that had been eliminated by the Taliban during their short rule reappeared in a big way.

(If getting rid of vices means living in a primitive 'cave society' with stone age rules then one can credibly argue that such governments have not a single good characteristic.......nothing they do is good)

Besides lack of justice, war lordism, corruption, poppy growing, drug business and nepotism reigned supreme.

(It is easier for external foreign elements to control corrupt nations by using local criminals as their local tools; they need like minded people in power, and so that is why Zardari was bought into power; someone with whom they can relate to Karzai=Zardari, no difference, Karzai's brother is the biggest narcotics king in Afghanistan and Zardari is the biggest..........open knowledge)

The Taliban and their supporters were either brutally killed or put in Bagram jail and subjected to horrendous torture. The Pashtuns being in great majority were persecuted and power got concentrated in the hands of non-Pashtun Northern Alliance elements and war lords. The occupation forces inflicted heavy collateral damage on civilians whenever they confronted the militants. These developments disillusioned the Afghans and sympathy wave among the Pashtuns living both sides of the border started to shift towards the Taliban. Induction of NATO forces in 2003 together with deteriorating law and order situation provided the spark to ignite insurgency.

(The Taliban were the tool, with the help of Pakistan to allow the Americans into Afghanistan...same with al-Qaeda. The Americans aren't interested in maintaining a civilized governance in Afghanistan........they want their narcotics profit running through Pakistan, and the same through Iran.....and that's it, fuck the Afghans. They have their paid agents in the Pak security structure)

When Gen Musharraf submitted to US pressure after 9/11 and ditched the Taliban in Afghanistan, he provided air bases as well as logistics support and shared intelligence with CIA. He allowed CIA and FBI to recruit agents in FATA and other places and to establish their outposts.

( A very dangerous development for Pakistan..........but you have always had these chamar chamcha's in the Pakistani elite)

The focus of ISI and other agencies was shifted towards hunting and nabbing so-called terrorists all over the country, in monitoring dissident elements within the army and in political wheeling and dealings. The CIA acquired all the links ISI and MI had both sides of the Pak-Afghan border and gradually took most agents on ISI payroll within its fold.

(The ISI created by the British in 1948 has always worked very closely with the Americans often to the detriment of Pakistan, what happened in 2001 was not a new improved relationship, but a slight upgrade and formalization of an existing one.)

By virtue of having better technology and means the CIA was able to take over intelligence acquisition and dissemination system. As a consequence the troops operating in FATA became entirely dependent upon CIA inputs. Taking advantage of complete liberty of action, CIA succeeded in buying the loyalties of many tribal chiefs and notables in FATA by doling out dollars in sacks since it knew that the Pashtun could not be crushed by force but could be purchased. Those not falling in line were got killed.

(These things don't happen unless the top brass in Pakistan approve. A couple of foreign intelligence agencies don't just drop into your country and run the show unless the top brass approve it...samje? The question then is did the top brass see the present scenario unfolding as a result of giving cart blanche to such foreign entities into very sensitive areas of Pakistan, or was it a case of never saw it coming yet again..............i.e fighting India in 1965 with 1 weeks worth of spares and other such bright foresight and planning)

In FATA, Nek Muhammad was first cultivated and provided logistic support. When he entered into a peace deal with Pak Army in July 2005, he was killed using precision guided missile. Abdullah Masood, an Afghan war veteran who had also fought the Northern Alliance in October-November 2001 was captured and brainwashed during his two years internment in Guantanamo Bay. He was released after agreeing to work on terms dictated by CIA and he soon was able to takeover the leadership role. His death at Zhob at the hands of Pak security forces was a loss for CIA.

(As I understand it many Mujaheddin/Taliban have been turned to fight for the Americans......you have only mentioned a few)

Baitulah Masood and Fazlullah had not taken part in Afghan jihad and do not qualify to head Taliban; yet 30 year old Baitullah has managed to create Tehrik-i-Taliban Pakistan (TTP) and Fazlullah calls the shots in Swat. Mulla Omar had never shown interest in establishing any links with Pakistani Taliban and had warned Nek Muhammad not to operate under the brand name of Taliban. It is being questioned as to how come Baitullah, Fazlullah and their spokesmen desperately wanted by Pakistan security forces have escaped the hawk eye of USA, particularly after they have been seen giving detailed interviews to media and using their cell phones? ISI had once given six figure coordinates of Baitullah and yet no Hellfire missile was fired on his hideout by CIA. The TTP that has spread its influence in all the seven agencies of tribal belt and in neighbouring settled districts of NWFP has succeeded in making inroads into Punjab, particularly southern Punjab. Large number has got recruited from Chiniot, Bahawalpur, Dera Nawab, Bahawalnagar, Faisalabad, Sialkot and other places. Though they do not speak a word of Pashto, but are fighting side by side with Pathan Taliban.

( That is the natural development of the policies of the Pakistani government in the 1980's and 1990's......this is not new. The thing that has to be done for Pakistan's survival is to draw a clear line between what Pakistan truly stands for....a modern moderate Muslim nation as envisaged by Jinnah, or a perpetually failed state, where misguided elements, misinformed by their government and security people FAIL TO IDENTIFY THE TALIBAN AS THE REAL ENEMY OF PAKISTAN CREATED BY AMERICA........The Pakistan leadership and security people must clarify the issue......confusion is dangerous for Pakistan)

After Shakai peace deal with the militants in South Waziristan in July 2005, Pakistan was subjected to a calculated slander campaign. Having fixed more than one lac troops into the furnace of FATA it was scoffed at for not doing enough to control militancy in FATA. Pakistan was also accused of nuclear proliferation and IAEA kept up the pressure to hand over AQ Khan for interrogation. Musharraf accepted the charge and forced AQ Khan to make a confession to defuse the heat. The religious extremist threat was blown out of all proportions and it was repeatedly stated that Pakistan’s nuclear assets had become unsafe. Musharraf accepted this charge as well and promised to fight extremism and terrorism with full force.

(Yes thats the problem.......the top brass of Musharaf signed secret deals with the Americans, too ashamed to reveal it to the Pakistani people, and then continued to support the fake war on terror. The Pakistan government supported an American lie, and now this is the result............the lie gets repeated numerous times until the lie turns into a truth for the Americans and their Jewish masters........of course the nukes are safe..........of course the vast majority of Pakistanis don't like Islamic fundamentalists............of course it is the Americas who are training and backing the terrorists from Afghanistan.)

After declaring Pakistan as the most dangerous country, FATA was declared as the most dangerous place on earth. Pakistan was blamed for growing turbulence in Afghanistan since in view of US military leaders and Karzai; Pak army was not doing enough to control militancy. The phenomenon of missile attacks by drones commenced in January 2006 when a suspected target in Damadola was attacked killing scores of innocent civilians. Another deadly missile attack was launched on a Madrassa in Bajaur in October that year killing 80 students. Ever since, this phenomenon continues unabated.

(This will ONLY escalate as the main objective are those Pakistan nuke bombs)

Once the ISI got freed from wild goose chase of so-called terrorists and came under pressure on account of missing persons, it started to concentrate on its primary task in the troubled spots. To its horror it found far too many militant groups and criminal gangs operating under the guise of religious militants and cultivated by foreign agencies.

(You mean to say the ISI never supported militants and criminal gangs in their entire history?)

They were the ones involved in carrying out gruesome beheadings of security personnel and torching girls’ schools to defame the real Taliban who had a peaceful agenda. Besides CIA, RAW and RAM, even Iran and Uzbekistan had developed its tentacles in Baluchistan, Swat and Kurram Agency. Most of the pro-Pakistan groups had been purchased or neutralized and those not coming to terms were eliminated by groups sponsored by CIA. Things had gone topsy-turvy and ISI found itself at a loss how to differentiate between friend and foe.

(When you spend 30 years funding extreme Islamic fundamentalists for your foreign gora masters geo-strategy, and the thing turns around and harms you, then yes it can be a little bit confusing for a complete amoral idiot)

It is when the ISI began to recover the lost ground and renewed its old contacts in FATA and started to expose and block clandestine activities of CIA, RAW and RAM that all hell broke lose on ISI. Instead of feeling ashamed of what they were doing, USA had the cheeks to start making hue and cry that ISI was linked with the Taliban and that it must be emasculated. The three colluding partners lost their cool when the Indian Embassy in Kabul was subjected to a suicide attack on 7 July 2008. The trio fumed with anger and blamed ISI without even carrying out preliminary investigations. It was alleged that the perpetrator of suicide attack belonged to Gujranwala. Adm. Mike Mullen and Deputy Director CIA Stephen Kappes came huffing and puffing to Islamabad on 12 July and expressed their concern in strong words. Both Gen Tariq and Gen Kayani were told to bring the ISI to heel and to control militancy on their side of the border. The details of suicide bomber provided by the visitors proved false. It transpired later on that it was a bomb planted in a parked jeep which was detonated with the help of a remote control and was master minded by Mossad.

In the meanwhile Bush gave a green signal to Pentagon to extend the sphere of operations in Afghanistan into neighbouring FATA in July. He said that besides Iraq and Afghanistan, Pakistan is the third battleground. The military was told to hit targets whenever any actionable intelligence was available without notifying Pakistan. US troops started to man mobile posts all along Pak-Afghan border with Paktika as their main forward base camp. These hostile steps were taken in spite of the fact that the new government under Zardari had abandoned its policy of dialogue and resumed the policy of force against the militants. After a month long Frontier Corps led operation in Khyber Agency, the army was employed in Hangu to control the unrest. In continuation of offensive policy, the army launched powerful operations in Swat in July and in Bajaur on 6 August backed by jetfighters, gunship helicopters, tanks and artillery guns and started to make rapid progress against the well entrenched militants. Operations in these two restive areas are still going in with full steam and several hundred militants have been killed. Instead of getting pleased, the Americans got disturbed since they never intended to control militancy but to spread the flames of militancy into cities and create anarchic conditions.

(There you have their real motive)

The month of September saw intensification of missile attacks and each attack resulted in loss of innocent lives. To create fear and panic among the peaceful residents of Waziristan and also to target pro-government elements, missile attacks were intensified and each attack killed innocent men, women and children. The idea was to antagonise pro-government Waziris and also to force them to migrate as had happened in case of Bajaur. To further up the ante, Pakistan was declared as a battleground and a first ever ground attack was carried out by US troops on the night of 3 September at Angoor Adda killing 15 men women and children. A deadly missile attack was conducted on pro-Pakistan Jalaluddin Haqqani house in North Waziristan on 8 September killing 25 inmates mostly women and children. He was blamed for carrying out attack on Indian Embassy. The intruding drone was forced to beat a hasty retreat on 12 September when own jets got airborne and started to track it. A ground attack on 15th was also thwarted by the troops and locals. So far 62 border violations have been carried out by US-ISAF forces including 36 after the takeover by PPP government in March 2008. So far 30 missile attacks have been made killing innocent people. In none of the attack any Al-Qaada operative or militant Taliban was killed.

The nexus in Kabul is working upon a scripted plan to make FATA lawless and beyond the control of security forces, push militancy into settled areas and then into major cities and thus create a civil warlike situation to prove their contention that Pakistan was the most dangerous country in the world and that the extremists were on the verge of taking over power and nuclear weapons. After inflaming South Waziristan, North Waziristan, Mohmand Agency, Khyber Agency, Darra Adam Khel, Kurram Agency, Hangu and Swat, Bajaur Agency was built into a stronghold of militants where huge cache of arms and ammunition was dumped. By virtue of being located at the crossroad of the tribal belt and also linked with Dir, Swat and Afghanistan, it was to act as bulwark and a launching pad to provide reinforcement to other areas.

(And so Pakistan has to follow multi-tracked policies of pouring more troops into FATA; spending money on securing the border areas......fences and walls....the Iranians are doing it in rugged Baluchistan and so can Pakistan.........greater coordination work with friendly local tribal leaders.......investment in the areas with greater social welfare and public works.....education and propaganda of the locals of where the problem lies......and who is the real enemy......what must be avoided is the clumsy operations that were common in East Pakistan, where innocent civilians were killed, and poorly trained local militias were armed(Razakar and al-Badr) who carried out indiscriminate killings against their 'personal foes' rather than behaving in a professional manner.

The operations in FATA and other parts of the frontier against the foreign backed terrorists must be carried with the utmost professionalism by largely Pashtun units, commanded by Pahstun commanders, AND it must not be a seen as a Punjabi operation, and poorly trained armed, paid paramilitary units should not be used, but only regular Jawans who only act on real verifiable intelligence and not just maybe's (I guess that is why the foreigners wanted to 'train' the Frontier Corps)........after all a foreign backed terrorist can be killed and they will immediately be replaced, however the golden rule is to WIN the local people over with good governance, and professional anti-insurgency ops by well trained regular Jawans from the army)

10,000 Indian troops are stationed in Afghanistan under the garb of supervising construction of road Jalalabad-Port Chahbahar project that has now been completed. Whereas India has officially declared 14 Indian consulates in Afghanistan, on ground they have 107 in which 20 intelligence units are burning their midnight oil to destabilise Pakistan. Many mercantile shops run by Indians have an intelligence office in the rear. In Wakhan, a religious Madrassa run by Indian Muslim clerics is functioning since 2002 under the patronage of RAW and Mossad. Very young boys, mostly orphans, destitute or homeless are recruited. Recruits are mostly Afghans, Uzbeks, Tajiks and Caucasians. The latter being fair skinned and resembling Europeans are trained to hit targets in Europe or in USA to once again create a 9/11 like situation.

(Indians on the whole are not aggressive but passive, it reflects their religion/ true mentality and this in turn reflects their foreign policy, and their reactions to Pakistani encroachments into Indian territory, time immemorial. However times have changed, the Indian economy is now the Third Largest in the world measured by PPP $4.5 Trillion, and India shall we say is flexing its muscle as a psychological response to this change of circumstance and new found success.

What must be said however in relation to India's relation with Pakistan is that countries like Israel, and the growing relations between India and the USA play a greater part in changing India's perception of itself viz Pakistan in particular and the wider world. Israel since the early 1980's has been working on India to adopt a more aggressive stance, and the result has been the fruition of Indian activity in Afghanistan under RAW, Sri Lanka, and Bangladesh. We should note the influence of foreign elements who have influenced the Indians in this direction since the eighties.....or to put it another way India is traditionally a non-aggressive power that has lived in peace with its neighbors for 5,000 years......consider the fact that before the Mossad inspired RAW adventure that culminated in the assassination of Rajiv Gandhi, India had militarily NEVER in its 5,000 year history intervened in that country.................So my point is Mr. Raja sahib lets put some background into explaining Indian/RAW ops in Afghanistan. Having said all this India still is a minor player in Afghanistan, and the Americans with urging by Israel is the main destabilization threat from Afghanistan against Pakistan.................as in 95%, and then you have to think about the British quietly sitting in Kandahar with 8,000 troops training former Taliban fighters.

Finally the Americans along this line have ego massaged the Indians and promised them that America will turn India into a 'great power'; the stupidity and niavity of Indians in sections of the security establishment if they really believe that the USA, a Western Jewish run power is going to en power a nation of brown people into becoming a super power on a par with the USA.

One would like to make the obvious point that China is becoming the next superpower all by herself, and has no security agreements with the Americans............China as of 2008 is the largest industrial power and the second largest economy on earth measured by PPP $11 Trillion, and will be the largest economy within a matter of a few years, as the American economy faces more and more difficulties.............Goldman Sacks predicts by 2025, readjusted from 2040, but I am saying with one or two years.

All this done by the Chinese themselves, through good governance, and administration, low defense expenditure, investment in infrastructure, sound financial policies......AND they don't have any security agreements with the USA, or military bases.....IT his highly stupid and incompetent for Indians to think that America will turn them into a great power...you do it yourself, if that is your goal; Ashok and Akbar did not ask other nations to help them become great powers.....

So whats up? What are the Americans up to? The various security agreements between India and Israel in the 1990's and more recently with the Americans and the false flag ops inside India by these same foreigners only point to one policy..........to recruit India eventually to attack Pakistan simultaneously.

Is this good for India, to see the demise of the 'old foe'?

No, because Pakistan was never a true enemy of India but an artificial state created by the British to clip India's wing. In this true scenario then Pakistan is not the true enemy of India, and its real aspirations as a great nation, but merely a hapless pitiful pawn used by the likes of the USA, and UK; failed state number 9; destabilized....problem filled.........a nation filled with Indic and Iranian people that is India's neighbor.

If these predatory actors attack Pakistan and attempt to occupy the country, and follow the Iraqi model of Balkanisation...will this be good for India? NO........Because:

1. No guarantee that they will stop and limit themselves to Pakistan only. We are after all seeing a colonial type war.

2. 10-20 million Pakistani refugees on Indian soil will not be pretty site.

3. There are very few idiots with the exception of elements of RAW, and ISI who help foreigners set there own houses on fire for foreign agendas....when you set your own house on fire the fire can quickly spread, and Indian involvement in Sri Lanka is a classic example of this or ISI involvement in Afghanistan.

So I suppose this is the choice India has to make. Whether to be a bit player in essentially a geo-strategy of Israel evolving from the eighties, with the help of America more recently from 2005, security agreements, joint ventures........blah blah blah, or have the faith in courage and wisdom in pursuing policies which are in the best interests of India and India alone. In doing so India will have to display greater patience with failed state Pakistan number 9, continue driving through policies which integrate Pakistan into a South Asian security, economic and political block at a faster rate than now. Whilst Indian administrations do make policy decision mistakes, there is a never the less a certain degree of reflection and a learning curve from the Indian side on key decisions.....if that doesn't sound too patronizing.........once a mistake is clearly identified certain adjustments in policy do take in India.....maybe it has to do with the fact that it is a long time democracy. With the Pakistanis that sadly never seems to be the case.)

Reportedly, 10,000 ideologically motivated terrorist and suicide bombers have been trained. Besides receiving military training, they have also been made to learn Pashto and customs of Pathans. They are regularly infiltrated into troubled spots of Pakistan. Posing as volunteers they join the rank and file of militants to fight the army. They are the ones who are destroying schools, CD shops, bridges and other installations and carrying out brutal beheading of captured personnel. The idea is to create chaos and confusion and also to defame the real Taliban that have not come under their influence. They are also responsible for creating cleavages within the people of FATA and in disrupting peace deals. In Kurram Agency, Afghan officers and soldiers are actively involved in the sectarian conflict by way of providing arms and ammunition to Shias belonging to Tori tribe and physically participating in duels with Sunnis. In Swat, Fazlullah led militants are supplied with war munitions as well as fighters.

Likewise, dissident tribal chiefs in Baluchistan including late Akbar Bugti were also taken on board. The CIA helped in reincarnating BLA and providing all sorts of war munitions to Baloch militants belonging to Bugti, Marri and Mengal tribes and establishing over 60 Farari camps in Baluchistan. Shamsi airbase that was handed over to USA in October 2001, houses Blackhawk helicopters primarily engaged in monitoring the entire length of Iranian border. CIA has cultivated Sunni Iranian Baloch Jandullah group (not the one that had operated against 5 Corps commander). It is anti- Iranian regime and was utilised by CIA to carryout acts of sabotage in Iran through Zahidan. Iran has now constructed a stone wall all along its border to prevent cross border terrorism from Baluchistan. It has clouded Pak-Iran relations since the latter feels that such activities could not have been undertaken without the blessing of Pak government.

It is now clear that our so-called friends have been playing a double game. Now that USA has bared its teeth and let its intentions known, to pretend that it would stop short of achieving its objectives will be like living in fools’ paradise. It is simply degrading to unashamedly say that we cannot fight the Americans. It is also preposterous to assume that Pakistan may not survive without American support. Pro-American elements within Pakistan on US payroll have been parroting this theme since creation of Pakistan to safeguard their vested interests. North Korea, Cuba, Venezuela, Bolivia, Iran, Somalia are living examples who have survived despite adopting hostile posture against USA. It is high time that we gird up our loins and put our act together to face up to the challenge boldly.

The army under Gen Kayani has expressed its resolve to confront the threat and safeguard country’s sovereignty irrespective of the consequences. It is now up to our week-kneed rulers oblivious of the ominous threat and still busy in power game as to how they stand up to the test. It will be naive to expect that the threat will be warded off with diplomacy alone. We must make USA realise that it will become exceedingly difficult for US led allied troops to operate in Afghanistan if Pakistan opts out of fighting US war of terror and refuses to provide transit facility to carry oil and food supplies to its troops in Afghanistan. The magnitude of dependence can be gauged from the fact each day over 400 containers ply from Karachi and Quetta to Afghanistan transporting food, munitions and 300 million gallons of fuel for US-Nato troops in Afghanistan. We may also consider bridling CIA’s unchecked activities and closing down four bases in control of USA.

Asif Haroon Raja is a defence and a political analyst.

The Protocols within America.

How a Group of International JEWISH Bankers Engineered the 1929 Crash and the Great Depression

By Gary Allen posted at Wake Up From Your Slumber

How a Group of International Bankers Engineered the 1929 Crash and the Great Depression

Just like Israel's MOSSAD called up the messaging firm ODIGO in the WTC on the morning of 9/11 and told the employees to get the hell out of there, do you think the Khazars knew about this next PLANNED Great Depression in advance and warned their buds to get the hell out of Lehman Brothers, AIG, Bear Stearns and the rest of the Wall Street banks that are failing?

(Well there was no need for a warning, because the Jew Khazar and Sheperdic planned it in advance....it had been discussed between them)

Maybe we should ask the members of the Federal Reserve , where people like Don KOHN, F. MISHKIN, Kevin WARSH and Randall KROSZNER serve on the Fed's Board of Governors and the Fed's HIgh Priest, Ben SHALOM BERNANKE meet to decide what they are going to do with and to, YOUR money?

Well the theory is you collapse the economy, everybody goes bust, except Jew know who, and then you buy up everything for pennies after.....your control of the country becomes near absolute from this bit of 'insider trading'. Sure you throw a Jew financial houses to the dogs to make it look fair.........simple scam that has been practiced by them for time immoral.

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From Gary Allen’s None Dare Call it Conspiracy (1972), Chapter 3:

How successful has the Federal Reserve System been? It depends on your point of view. Since Woodrow Wilson took his oath of office, the national debt has risen from $1 billion to $455 billion. ( This book from where the excerpt is taken was written around 1972; the national debt as of 2008 is now $9.6 trillion and rising)

The total amount of interest paid since then to the international bankers holding that debt is staggering, with interest having become the third largest item in the federal budget. Interest on the national debt is now $22 billion every year, and climbing steeply as inflation pushes up the interest rate on government bonds. Meanwhile, our gold is mortgaged to European central banks, and our silver has all been sold. With economic catastrophe imminent, only a blind disciple of the “” could believe that all of this has occurred by coincidence. (see note E1)

When the Federal Reserve System was foisted on an unsuspecting American public, there were absolute guarantees that there would be no more boom and bust economic cycles. The men who, behind the scenes, were pushing the central bank concept for the international bankers faithfully promised that from then on there would be only steady growth and perpetual prosperity. However, Congressman Charles A. Lindberg Sr. accurately proclaimed:

“From now on depressions will be scientifically created.”

Using a central bank to create alternate periods of inflation and deflation, and thus whipsawing the public for vast profits, had been worked out by the international bankers to an exact science.

Having built the Federal Reserve as a tool to consolidate and control wealth, the international bankers were now ready to make a major killing. Between 1923 and 1929, the Federal Reserve expanded (inflated) the money supply by sixty-two percent. Much of this new money was used to bid the stock market up to dizzying heights.

At the same time that enormous amounts of credit money were being made available, the mass media began to ballyhoo tales of the instant riches to be made in the stock market. According to Ferdinand Lundberg:

“For profits to be made on these funds the public had to be induced to speculate, and it was so induced by misleading newspaper accounts, many of them bought and paid for by the brokers that operated the pools…”

The House Hearings on Stabilization of the Purchasing Power of the Dollar disclosed evidence in 1928 that the Federal Reserve Board was working closely with the heads of European central banks. The Committee warned that a major crash had been planned in 1927. At a secret luncheon of the Federal Reserve Board and heads of the European central banks, the committee warned, the international bankers were tightening the noose.

Montagu Norman, Governor of the Bank of England, came to Washington on February 6, 1929, to confer with Andrew Mellon, Secretary of the Treasury. On November 11, 1927, the Wall Street Journal described Mr. Norman as “the currency dictator of Europe.” Professor Carroll Quigley notes that Norman, a close confidant of J. P. Morgan, admitted: “I hold the hegemony of the world.” Immediately after this mysterious visit, the Federal Reserve Board reversed its easy-money policy and began raising the discount rate. The balloon which had been inflated constantly for nearly seven years was about to be exploded.

On October 24 [1929], the feathers hit the fan. Writing in “The United States’ Unresolved Monetary and Political Problems”, William Bryan describes what happened:

“When everything was ready, the New York financiers started calling 24 hour broker call loans. This meant that the stockbrokers and the customers had to dump their stock on the market in order to pay the loans. This naturally collapsed the stock market and brought a banking collapse all over the country because the banks not owned by the oligarchy were heavily involved in broker call claims at this time, and bank runs soon exhausted their coin and currency and they had to close. The Federal Reserve System would not come to their aid, although they were instructed under the law to maintain an elastic currency.”

The investing public, including most stock brokers and bankers, took a horrendous blow in the crash, but not the insiders. They were either out of the market or had sold “short” so that they made enormous profits as the Dow Jones plummeted. For those who knew the score, a comment by Paul Warburg had provided the warning to sell. That signal came on March 9, 1929, when the Financial Chronicle quoted Warburg as giving this sound advice:

“If orgies of unrestricted speculation are permitted to spread too far the ultimate collapse is certain … to bring about a general depression involving the whole country.”

Sharpies were later able to buy back these stocks at a ninety percent discount from their former highs.

To think that the scientifically engineered Crash of 1929 was an accident or the result of stupidity defies all logic. The international bankers who promoted the inflationary policies and pushed the propaganda which pumped up the stock market represented too many generations of accumulated expertise to have blundered into “the great depression.”

Congressman Louis McFadden, Chairman of the House Banking and Currency Committee, commented:

“It [the depression] was not accidental. It was a carefully contrived occurrence… The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all.”

Although we have not had another depression of the magnitude of that which followed 1929, we have since suffered regular recessions. Each of these has followed a period in which the Federal Reserve tromped down hard on the money accelerator and then slammed on the brakes. Since 1929 the following recessions have been created by such manipulation:

1936-37 : Stock Prices fell fifty percent (50%)
1948 : Stock prices dropped sixteen percent (16%)
1953 : Stock declined thirteen percent (13%)
1956-57 : The market dipped thirteen percent (13%)
1957 : Late in the year the market plunged nineteen percent (19%)
1960 : The market was off seventeen percent (17%)
1966 : Stock prices plummeted twenty-five percent (25%)
1970 : The market plunged over twenty-five percent (25%)

Chart 5, based on one appearing in the highly respected financial publication, Indicator Digest of June 24, 1969, shows the effects on the Dow-Jones Industrial Average of Federal Reserve policies of expanding or restricting the monetary supply. This is how the stock market is manipulated and how depressions or recessions are scientifically created. If you have inside knowledge as to which way the Federal Reserve policy is going to go, you can make a ton of money.

The members of the Federal Reserve Board are appointed by the President for fourteen year terms. Since these positions control the entire economy of the country they are far more important than cabinet positions, but who has ever heard of any of them except possibly Chairman Arthur Burns? These appointments which should be extensively debated by the Senate are routinely approved. But, here, as in Europe, these men are mere figureheads, put in their positions at the behest of the international bankers who finance the Presidential campaigns of both political parties.

And, Professor Quigley reveals that these international bankers who owned and controlled the Banks of England and France maintained their power even after those banks were theoretically socialized. The American system is slightly different, but the net effect is the same: ever increasing debt requiring ever-increasing interest payments, inflation and periodic scientifically created depressions and recessions.

The end result, if the Insiders have their way, will be the dream of Montagu Norman of the Bank of England “that the Hegemony of World Finance should reign supreme over everyone, everywhere, as one whole super-national control mechanism.” (”Montagu Norman” by John Hargrave, Greystone Press, N.Y., 1942.)

Editor’s notes:

E1. As of early 2006, the U.S. debt to the bankers exceeded $8,200,000,000,000 ($8.2 trillion), and was increasing at the rate of $50,000,000,000 ($50 billion) per month. See the current Treasury report of the national debt.

Gary Allen.