NATO Preps for World War?

According to reliable sources, China has attempted to warn Russia of US and NATO plans to initiate a global armed conflict. This conflict has reportedly moved from the drawing board to an activation stage. According to both Chinese and Russian Intelligence Sources, the US and NATO plans include among other, the deliberate implosion of the US- and EU Economies, destroying the worlds financial systems, and the launching of a massive conventional war throughout North America, Africa and Asia, as well as the Middle East. The war plans include the release of biological warfare agents designed to kill millions if not billions of people. The NATO strategists rely on their ability to sue for peace when the coming conflict is at its highest, to call for the establishment of a "New World Order" under the pretext of preventing the destruction of the planet and civilization as we know it. – NSNBC by Dr. Christof Lehmann

Thomas Woods, Jr. on Libertarianism Versus the Catholic Church, Ron Paul's Presidential Chances and US State Secession

Thomas Woods Jr.

The Daily Bell is pleased to publish an interview with the distinguished libertarian scholar, Thomas E. Woods, Jr. (left).
Introduction: Dr. Woods is a senior fellow at the Ludwig von Mises Institute. He holds a bachelor's degree in history from Harvard and his M.Phil. and Ph.D. from Columbia University. He is the author of nine books, including two New York Times bestsellers: Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse and The Politically Incorrect Guide to American History. His other books include Who Killed the Constitution? The Fate of American Liberty from World War I to George W. Bush (with Kevin R.C. Gutzman), Sacred Then and Sacred Now: The Return of the Old Latin Mass, 33 Questions About American History You're Not Supposed to Ask, How the Catholic Church Built Western Civilization, and The Church and the Market: A Catholic Defense of the Free Economy. His writing has appeared in dozens of popular and scholarly periodicals, including the American Historical Review, the Christian Science Monitor, Investor's Business Daily, Catholic Historical Review, Modern Age, American Studies, Intercollegiate Review, Catholic Social Science Review, Economic Affairs (U.K.), Quarterly Journal of Austrian Economics, Inside the Vatican, Human Events and many more.

Out of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe

IMF wants the world to save Europe ... Christine Lagarde, the managing director of the IMF, said the escalating crisis now needed to be addressed as "collectively as possible" ... The European financial crisis is "escalating" and is so serious that it is unlikely to be solved by eurozone countries alone, the head of the International Monetary Fund warned Thursday night. British taxpayers are now likely to be involved in an internationally co-ordinated bail-out led by the International Monetary Fund [IMF] for countries in the single currency. Christine Lagarde, the managing director of the IMF, said the escalating crisis now needed to be addressed as "collectively as possible". Without action, the world faces the spectre of a 1930s-style depression, she said. – Montreal Gazette/UK Telegraph

Smoke and Mirrors of Global Depression Reflect the Inevitability of the IMF?

– by Staff Report

Brussels accord on the verge of collapse ... Some of the world's most powerful investment banks were downgraded by ratings agency Fitch as Germany's cherished European fiscal compact appeared to be unravelling. Mario Draghi delivers a speech in Berlin on Thursday. Draghi said there's "no external savior" for heavily indebted governments in the eurozone debt crisis ... Meanwhile, Germany's attempt to save the Eurozone was hanging in the balance as Hungary and the Czech Republic claimed it would be damaging and protesters in Warsaw demanded Poland stands firm against Angela Merkel. – UK Telegraph
Dominant Social Theme: It's all happening so fast. This is how a regional economy dies. Let's put a global one in its place.

Finis America: Year End Report 2011

– by Adrian Krieg

Dr. Adrian Krieg

It's over, and I mean all of it. If Obama is re-elected, America is doomed. The progressive process begun by President Wilson and then carried forward by FDR, Carter, Clinton and W. Bush will be institutionalized with Obama's second term and the republic will die. Leading up to this has been a long line of Republocrat progressives, i.e., socialists in disguise – people like Senator McCain (R, AZ). I know many will not believe me so let me tell you how I came to this horrific conclusion.

Eurocrats no longer disguise their loathing of Britain

Ron Paul (ATTACKED AGAIN) - Hannity Post Fox Debate Interview

Newt Speaks with Hannity After Fox News Debate

Thursday, December 15, 2011

Ron Paul Hannity Post Fox Debate Interview

Ron Paul on Fox Post Debate Spin Room w/ Sean Hannity 12-15-11

Freedom: The New and Future Experiment

By Joel Bowman

Buenos Aires, Argentina – Before I get started… Anybody here know what glossophobia means? The word derives from the Greek glossa, meaning tongue, and phobos, meaning fear or dread. Glossophobia, also known as speech anxiety, is a fear of public speaking.
And I suffer from it terribly.
Glossophobia aside, I’m going to press on today anyway because what I want to talk to you about is very important. Maybe more so now than ever.
The title of my speech is “Freedom: The New and Future Experiment.”
This topic is particularly timely right now because, as you well know, a revolution of sorts is today under way in a place that used to be comfortable calling itself, proudly and with a straight face, “The Land of the Free, Home of the Brave.” Try asking any thinking individual who happened to be born within the United States borders today to claim that title without arousing a disquieting feeling of tragic irony. You might hear the words, but you’ll notice they are delivered with an empty conviction, with some embarrassment, a shame, almost, for remembering what was lost.

The Diabolical Genius that is Modern Government

By Bill Bonner

Baltimore, Maryland – More on our new theory of government.
You’ll recall that this series began by pointing out how worthless most “theories of government” really are. They’re not theories at all. They don’t explain anything. Instead, they are just wishful thinking…flattery…and apologia for the elite who use government for their own ends.
The “social contract,” for example, is a fraud. You can’t have a contract unless you have two willing and able parties. They must come together in a meeting of the minds — a real agreement about what they are going to do together.
But what is the ‘social contract’ with government? There was never a meeting of the minds. The deal was forced on the public. And now, imagine that you want out. Can you simply “break the contract?” You refuse to pay your taxes and refuse to be bossed around by TSA agents and other government employees. How long would it be before you got put in jail?

In or Out: How to Play the Swings in the Gold Price Read more: In or Out: How to Play the Swings in the Gold Price

By Bill Bonner

12/15/11 Baltimore, Maryland – Hey…what’s going on with gold? The dollar up, gold down. When we checked yesterday the price was crashing through the $1,550 level.
Our friend, Dennis Gartman, tells us to get out. Here’s the report:

Gold, in the 11th year of its longest winning streak in at least nine decades, is poised to enter a bear market, according to Dennis Gartman, who correctly predicted the slump in commodities in 2008.

The metal…may decline to as low as $1,475, the economist wrote today in his Suffolk, Virginia-based Gartman Letter. He sold the last of his gold yesterday. Bullion has already dropped 13 percent from the record $1,921.15 reached Sept. 6 and $1,475 would extend that to more than 20 percent, the common definition of a bear market.

Fragile and Unbalanced in 2012. Nouriel Roubini

Fragile and Unbalanced in 2012

NEW YORK – The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. Asian economies are exposed to China. Latin America is exposed to lower commodity prices (as both China and the advanced economies slow). Central and Eastern Europe are exposed to the eurozone. And turmoil in the Middle East is causing serious economic risks – both there and elsewhere – as geopolitical risk remains high and thus high oil prices will constrain global growth.
At this point, a eurozone recession is certain. While its depth and length cannot be predicted, a continued credit crunch, sovereign-debt problems, lack of competitiveness, and fiscal austerity imply a serious downturn.

Yes, Obama May Call Iran Strike

A former top Obama adviser on the Middle East says the president is serious when he says all options remain open. Just look at his track record.

Dennis Ross, just retired as President Barack Obama’s top adviser on the Middle East, warned yesterday that Obama means what he says when he declares that the White House isn’t ruling out military action against Tehran. Though other, senior U.S. officials, including Defense Secretary Leon Panetta and Adm. Mike Mullen, former chairman of the Joint Chiefs of Staff, have repeatedly stressed that war against Iran could have unpredictable and dangerous results, Ross said Obama is serious about using force to prevent Iran from acquiring a military nuclear capability.

Yes, Palestinians Are an Invented People

By Caroline Glick

Iranian lawmaker: New nuclear plant being built in Isfahan
US marks official end to Iraq war in Baghdad
PA: Mosque attack is declaration of war
Petition filed to delay new prisoner release
Indictments served against suspected far-right radicals

Last Friday, the frontrunner for the Republican presidential nomination, former speaker of the House Newt Gingrich, did something revolutionary. He told the truth about the Palestinians. In an interview with The Jewish Channel, Gingrich said that the Palestinians are an "invented" people, "who are in fact Arabs."

Charles Krauthammer: bama’s Campaign for Class Resentment

Obama’s Campaign for Class Resentment
The president has nothing to run on but crude populism.

In the first month of his presidency, Barack Obama averred that if in three years he hadn’t alleviated the nation’s economic pain, he’d be a “one-term proposition.”

When three-quarters of Americans think the country is on the “wrong track” and even Bill Clinton calls the economy “lousy,” how then to run for a second term? Traveling Tuesday to Osawatomie, Kan., site of a famous 1910 Teddy Roosevelt speech, Obama laid out the case.

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It seems that he and his policies have nothing to do with the current state of things. Sure, presidents are ordinarily held accountable for economic growth, unemployment, national indebtedness (see Obama, above). But not this time. Responsibility, you see, lies with the rich.

By George F. Will

Newt Gingrich — the friend of his detractors, to whom he offers serial vindications — provided on Monday redundant evidence for the proposition that he is the least conservative candidate seeking the Republican presidential nomination: He faulted Mitt Romney for committing acts of capitalism.
Gingrich did so when goaded by Romney regarding his, Gingrich’s, self-described service as a “historian” for Freddie Mac, which paid him more handsomely than anyone paid Herodotus. Romney was asked by an interviewer about the $1.6 million Gingrich earned, or at any rate received, from Freddie Mac, the misbegotten government-backed mortgage giant. In the service of Washington’s bipartisan certitude that too few people owned houses, Freddie Mac helped produce the housing bubble and subsequent crash. It did so even though it paid Gingrich $30,000 an hour. That is about what he received if, as he says, he worked for Freddie Mac about an hour a month, telling it that what it was doing was “insane.”

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Ben Stein's Diary

By Ben Stein

A very clear view from Rancho Mirage.

MondayA grueling drive down from rainy Los Angeles to Rancho Mirage. It is about the drabbest drive there is anywhere on earth. The New Jersey Turnpike is like the 17 Mile Drive in Carmel by comparison.
We always make a lot of stops because, well, because we're old and get tired easily. I visited with people at a hotel in Ontario, then at a CVS and a gas station in Calimesa, and at a Bob's Big Boy. I am like a small town politician and my district runs along Highway 10 from Los Angeles to Rancho Mirage.

Our Marxist Wizard of Oz

By Peter Ferrara

Obama's not in Kansas anymore.

His mother was an unabashed hippie from 1960s central casting. His father was an openly avowed Communist from Kenya. While his father wasn't around much, his devoutly progressive grandparents arranged for him to be mentored during his adolescent years by a dues paying member of the U.S. Communist Party, Frank Marshall Davis.
When he went to college, he was attracted to the Marxist professors and student activists, according to his own published memoirs. When he graduated, he moved to Chicago and became an instructor for the left-wing extremist organization ACORN in the social manipulation methods of radical Marxist agitator Saul Alinsky. He attended for close to two decades the Trinity United Church of Christ, which practiced neo-Marxist Black Liberation Theology. That church was headed during those years by the openly socialist Rev. Jeremiah Wright, who declared that the 9/11 terrorist attack on America was "America's chickens coming home to roost." He also famously preached from his pulpit, "Not God bless America, God damn America…."

Media And Republican Elites Target Newt Gingrich

By L. BRENT BOZELL III

The media elite and the Republican ruling class are remarkably similar in their political projection for the coming year. Journalists spent the entire year savaging every fast-rising challenger to Mitt Romney. The GOP's power pundits became equally agitated at the sniff of a conservative anywhere near the top of the GOP pack.
It's the odor of extremism that both the elites in the media and the GOP have detested — always.
So here we are, on the cusp of the election year, and both these groups have one primary target: Newt Gingrich. Both are using the same ammo: Newt is too unstable, immature, flawed and arrogant.
Or as power pundit Peggy Noonan put it, Newt is "a human hand grenade who walks around with his hand on the pin, saying, 'Watch this!'" The Washington Post's political cartoonist drew him as a suicide bomber.
I think they're stuck in the past. The candidate that people now see is not the self-styled "revolutionary" of the '80s and '90s. He's an older man, a wiser man, but a man that has a vision of both American history and the American future — and that's what scares the establishment.

By MARTIN FELDSTEIN

The recent euro-zone summit was a double failure. It failed to achieve the increased European political integration that was the primary goal of German Chancellor Angela Merkel and the other European political leaders. And it failed to improve the outlook for euro-zone sovereign bonds because those politicians continued to insist that only a fiscal union and political integration could limit the interest rates on sovereign debt.
The post-summit communiqué proclaimed that each euro-zone country will enact a constitutional rule to balance its budget, will take corrective action if its "structural" deficit exceeds 0.5% of its gross domestic product, and will face penalties if its actual deficit exceeds 3% of its GDP. Chancellor Merkel had hoped that these rules would be embodied in a revised version of the current EU treaty and therefore enforceable by the European Commission through the European Court of Justice. Yet Britain's unwillingness to modify the existing treaty without additional safeguards for the British economy means that the new rules would apply only to the 17 euro-zone countries and others that wish to join them, but that they don't constitute an official EU treaty and therefore cannot be enforced by the commission and other EU institutions.
So there really is no enforcement mechanism for the new budget rules, even if all of the euro-zone governments agree to sign a new accord. The result looks like a replay of the old Stability and Growth Pact that had similar goals and penalties but was soon violated by Germany and France and then watered down to be completely ineffective.
Although Chancellor Merkel, French President Nicolas Sarkozy and EU President Herman van Rompuy tried to use the current crisis to advance their political goal of European integration, their failure to achieve that goal need not prevent a lowering of the interest rates on the sovereign bonds of Italy, Spain and others. Those interest rates can be reduced by individual country policies to bring down current and future budget deficits.
Italy has a good shot at persuading investors that it has a favorable long-term budget outlook. Its fiscal deficit is now less than 4% of GDP. Even before the budget tightening by the new government of Mario Monti, the International Monetary Fund projected that Italy would have a balanced budget in 2013. Although the recent fiscal tightening may depress Italy's 2013 GDP and temporarily raise the deficit, the proposed change in national pension rules will shrink future deficits and put the ratio of debt to GDP on a downward path. If the new government can now enact changes in labor rules and investment incentives that raise GDP growth to a 2% annual rate, Italy's ratio of debt to GDP could fall to 60% in less than 15 years.

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Europe in Purgatory

By Robert Samuelson

WASHINGTON -- By now, it's obvious that adopting the euro was a colossal blunder. It may rank as Europe's worst policy mistake since World War II. The virtues of the common currency -- it reduced transaction costs and the uncertainty of fluctuating exchange rates among national monies -- were temporary. Its vices seem permanent or, at least, semi-permanent: the mounting economic costs of saving the euro; the growing nationalism from arguing over who's to blame.

INTERMEX POWER

Friday, December 16, 2011

NATO Preps for World War?

NATO Preps for World War?