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America's Dirty Bomb Secret

November 9th 2011 13:06
Montage:witnesses


America's Dirty Bomb Secret
by

peterxdunn

The dubious morality of the coalition commanders that prosecuted the war in Iraq sank to an all time low with the Battle of Fallujah fought in 2004. For it was here that - according to the evidence that is now emerging - an illegal, indiscriminate terror weapon was unleashed upon Iraqi combatants and civilians alike. This wasn't a precision guided bomb or missile designed to minimise collateral damage. This was a bomb designed to give you the biggest bang for your buck short of going nuclear. Thermobaric weapons: such as the biblical sounding MOAB (Massive Ordnance Air Burst), are not new. But those deployed at Fallujah appear to have been modified to include a highly toxic ingredient not normally associated with such weapons: enriched uranium.

Thermobaric bombs are designed to create massive explosions. They use a fuel-air-explosive technique to create huge fireballs that expand at supersonic speed which, in turn, generate a blast wave capable of collapsing buildings and crushing people to death over a wide target area. Their use – along with cluster bombs and munitions employing white phosphorous - in heavily populated urban areas such as Fallujah, is banned under the Geneva Convention. The fact that these devices were also modified with the addition of highly radioactive uranium 235 takes the criminality associated with their use to a whole new level. We are, here, looking at chemical warfare and the deliberate dispersal of radioactive isotopes that will poison the environment – and its inhabitants - for many years to come.

Exposure to uranium 235: even at relatively low levels, causes genetic damage. People who have been exposed to the ionizing radiation emitted by it acquire a high probability that: should they go on to have children, their offspring will be born with terrible deformities. When the radiation that they are exposed to is emitted by particles that they have, inadvertently, ingested into their bodies then the statistical probability of fathering or mothering a deformed child rises exponentially. This is the nightmare scenario that we are now looking at in Fallujah.

Extract from a report published in the International Journal of Environmental Studies and Public Health, July 2010:

• "The people of Fallujah are experiencing higher rates of cancer, leukemia, infant mortality, and sexual mutations than those recorded among survivors in Hiroshima and Nagasaki in the years after those Japanese cities were incinerated by U.S. atomic bomb strikes in 1945,"

war crime
Fatimah Ahmed: child victim of a war crime.


This is pure evil, made manifest, in our world.

Enriched uranium does not occur naturally. It is manufactured using complex industrial processes that require a massive investment in raw materials, trained personnel and supporting infrastructure. None of these requirements were present in Iraq. There is, therefore, only one explanation that adequately accounts for the presence of uranium 235 at Fallujah: it was deliberately introduced into the local environment by coalition forces.

The evidence for this heinous crime was uncovered by a team led by Professor Christopher Busby of Ulster University. Originally his team's purpose – in visiting Iraq in 2010 and 11 – was to assess the impact on public health generated by the widespread use of anti-tank depleted uranium (DU) projectiles. Finding uranium 235 was: for Busby's team, both shocking and totally unexpected. It should also be noted that the Iraqi combatants at Fallujah were insurgent irregulars: not regular army, and that they did not possess any tanks, armoured vehicles or heavy artillery; therefore there wasn't any real need to use DU penetrator munitions against them. Put simply: there shouldn't have been any radioactive residue - left over from the air and ground assaults conducted in 2004 – present at all.

We are, nonetheless, left with these horrendous statistics:

• In September 2009 there were 170 babies born at Fallujah General Hospital. Of these 24% died within a week. This is 5 times the average infant mortality rate for the Middle East.
• 76% of the babies that died had severe deformities.
• When tested by Professor Busby and his team, residual uranium 235 contamination was found in the hair of the parents of all the children born with deformities.
• The incidence of childhood cancer is now 12 times higher than the norm.
• Cases of breast cancer are now 10 times higher.
• The rate of leukemia has risen to a staggering 38 times higher than the norm.

Doctors are also reporting that many of the babies that are born free of any obvious deformity go on to develop severe disabilities as they get older. The situation has, in fact, now gotten so bad that doctors are advising women: in Fallujah and neighboring areas, not to have children. It would appear that – when the coalition forces attacked in 2004 – they were not only determined to kill large numbers of civilians: over 60% of all casualties were women, children or elderly, but also kill off the future of Fallujah as a viable community.

It could be that what we have witnessed here is the genesis of a new military doctrine. Warfare normally entails one army seizing the ground from under another army's feet; and then hanging on to it. Here the objective seems to have been to kill thousands, blow everything up and irradiate the area so that there could be no recovery, no re-building or return to normality. There is a truly chilling logic at work here. If you have the means to destroy an enemy – but not the means: IE enough soldiers, to occupy the land on which he stood – then poison that land and render it useless; create a dead zone inhospitable to any future occupancy or activity.

It should not be forgotten, either, that the victims of this crime were not all Iraqis. Before the ground assault began in July 2004 Fallujah was bombed continually for two months. It would have been during this aerial bombardment that the devices containing uranium 235 released their invisible toxins into the environment. So when the infantry assault got underway – as the American and British soldiers were carefully edging their way, on foot, along Fallujah's dusty streets – their desert boots were kicking up microscopic radioactive particles that would penetrate their bodies defences and leave them with a deadly memento of their service in Iraq.

Now there probably isn't a provision within the Geneva Convention that adequately covers what occurred at Fallujah. That it constituted a crime against humanity is still, nonetheless, indisputable. The problem lies in the fact that normally – when a case is heard in a court of law – the victims and perpetrators of the crime in question are all identified beforehand. With the evil act committed here, however, we do not know who all of the victims are because some of them are yet to be born. So the question becomes: how do we take the pain and suffering of future generations into consideration when prosecuting those responsible for this inhuman transgression?

It might turn out, of course, that the perpetrators are never prosecuted. What we have to hope for here is that the global democracy movements: such as Occupy Wall Street, are ultimately successful and lead to a re-definition of democracy and the establishment of political systems wherein the rule of law extends into all the nooks-and-crannies from where it is – at the moment – prevented: by privilege and political corruption, from operating.

There is, also, another legal dimension to be considered. Among the coalition members, we have to consider America to be the main suspect in any investigation into criminal acts perpetrated during the conflict in Iraq. America is a member of the International Atomic Energy Agency (IAEA) and as such has undertaken a legal obligation to to refrain from nuclear weapons proliferation. Developing hi-tech dirty bombs: containing fissile material, and then deploying them in a theatre of war could not be described as anything other than illegal proliferation. So what has the IAEA got to say about all of this?

Furthermore, the radioactive material contained in these weapons had to come from somewhere. So it was either manufactured in America and not declared to the IAEA: who are charged by the UN with monitoring the production – and end use - of fissile materials worldwide (not just in Iran). Or it was secretly diverted from some other program. The latter option here is by far the most likely. I say this because America has an ongoing arrangement with Russia: referred to as the Megatons to Megawatts Program, under which highly enriched uranium (comprising 90% uranium 235) from Russia's decommissioned nuclear weapons is diluted to become low enriched uranium (comprising 20% uranium 235) for use in American nuclear power stations. Ominously, this means that America has access to hundreds of metric tons of highly toxic material. Now we know that the IAEA is not monitoring what the United States is actually doing with all this poison: that it is – in fact - guilty of a dereliction of its duty as set out by its United Nations mandate. This leaves the USA – with all conscience set aside - free to divert enriched uranium from civilian to military use without restriction.

Then there's this. In the past, dirty bombs: conventional explosives encased in radioactive waste, have always been associated with terrorism. Indeed, our governments - and commentators in the mainstream media - have made much of the terrorist's willingness to detonate such demonic devices at the heart of our communities. They have even used the 'dirty bomb scenario' to persuade us to accept the erosion of our civil liberties as a necessary requirement in the prosecution of the 'war on terror'. What are we, then, to make of our new found knowledge? That our own governments are complicit in the use of the these terror weapons against civilian populations.

Ask yourself: are we really the good guys?

Unfortunately this issue is not going to go away. America, the West and Israel are now preparing to launch a war against Iran to seize its oil fields. Iran is a big country. How much of it – do you think – is to be irradiated in order bring this proud nation to its knees? And how many deformed babies are to be born, live in pain for a short while, and then die before we realize that to allow this horror makes criminals of us all?
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I think what we are witnessing - with the wrangling over the debt ceiling issue in Washington - is little more than a charade. In the end: IE before an actual debt default occurs, Obama will give in to the Republican demands for cuts in the welfare budget. He can then claim that he did his best to retain the safety net for the working poor: the main demographic that voted him into power. In the months that follow the settlement Obama will, almost certainly, then intimate that - should he be re-elcted - he will do his utmost to reinstate welfare provision. So one reason for this impasse: this piece of pure theatre, is to improve Obama's re-election chances.

We will also, in all probability, see some tax cuts for the wealthy. The reasons for this largesse are purely pecuniary: for Obama to get re-elected he is going to need contributions to his future campaign war-chest.

The Republican rationale for these cuts is also totally spurious. Their argument goes that - if the rich are allowed to keep more of their money - they will be more inclined to invest in job creation. Well they might invest invest in job creation - this is true. But the question has to be: where will those jobs be created, China perhaps or India? Having said that, though, it is much more likely that the rich will spend their tax wind-falls in exactly the same way as they are spending the wealth that they already possess. They will buy silver, gold, copper, zinc and anything else that they consider to be a 'crash-proof': that is to say - something that has intrinsic value and that will still be worth something in the aftermath of the coming financial disaster. And the disaster is coming - just take a look at the money supply - it doesn't matter where you live: whichever country you live in, your national money supply is rapidly contracting. It's 1929 all over again folks.

Then we have the interest rates issue. Most economic commentators are predicting that raising them would be a total disaster for jobs. Again - if you look a bit closer at what is actually going on out there in the real economy - this argument simply doesn't hold water. Now if the banks were lending to businesses in order to create jobs then this argument might hold true. But the actual reality of the situation is totally at odds with this. The banks aren't lending to businesses. They're not lending even though that was what they agreed to do upon receipt of the massive injections of tax payers money under quantitative easing (QE) 1 and 2.

This isn't to say that the banks aren't lending to anybody. They are, in fact, lending out enormous sums of money: a lot of it obtained under QE 1 and 2, to speculators - at virtually nil interest - to fund share dealing. And all of the resultant activity on the markets creates the illusion that the economy is doing famously - but all you really have are companies whose share price might be on the up; but are these companies hiring? Are share prices alone a good indicator of how well an economy is doing? What we are seeing here is the creation of a massive market bubble (shades of 1929 - again) which - when it bursts - will detonate with a reverberation that will echo around the world for decades.

You shouldn't, either, ignore what those low interest rates are doing to your bank deposits and pension. They're getting wiped out by price inflation. A lot of Repulican voters: who might be anti welfare reform at the moment, are going to need social provision from the goverment (taxation) when they retire.

Now let's have a look at the main reason for the high drama: this song and dance routine, on Capitol Hill. The dollar has been falling in value against the Euro: on the international exchange markets, for a decade now. And things are beginning to look pretty bad. So much so that the dollar's status as the world's first reserve currency - and the currency of all oil trading - is now under serious threat. If you do not understand what this means to the American economy - then shame on you. Read some of my other stuff. So the purpose of the 'cliff hanger' now being played out in Washington is to focus the media: and the eyes of the world, on the dollar - teetering on the edge of annihilation. At the last possible moment - just when everybody thinks all is lost - in rides congress to cut a deal and pull the dollar back from the brink of destruction. Loads of cheering and flag waving then follows.

But what happens the day after? Let me tell you. The big three ratings agencies: Moody's, Standard & Poor and Fitch, all downgrade the credit worthiness of a major European economy. My money is on France. This will be backed up by a barrage of commentary telling us why the Euro can no longer survive as a single entity.

Cue a fall in the value of the Euro against the dollar. This will be siezed upon as further evidence of the Euro's ultimate demise and wrung out for all its worth.

What they are hoping for here: with their fingers crossed behind their backs, is that people will lose sight of the fact that the reason the dollar is in such dire straights - right now - is because of the debt burden that it is supporting. And what are they going to do? That's right! They're going to make it worse. Now - is that any way to run a country? I ask you.
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Euro Trashing

July 27th 2011 17:09
Debt?


I nicked the image above off Al Jazeera's (Al Jazeera is a TV news broadcasting company based in Qatar) YouTube channel. It shows one of their presenters: Gerald Tan, standing beside a CGI generated representation of what Greece's national debt would look like if it consisted of 'real money' neatly stacked on pallets in a warehouse. The 'real money' virtually represented here is the US dollar: with the 100 dollar bill being the virtual denomination. It is now being estimated: by Al Jazeera and other financial commentators, that Greece will owe 500 hundred billion dollars by the end of this year.

A lot of this mind-boggling debt will be owed directly to the IMF (International Monetary Fund) and European Central Bank (ECB) along with other private banks and investors. So far Greece has already been provided with 110 billion Euros in 'bail-out-money': last year, and is set to receive 120 billion more by 2013.

There is, however, something fundamental that we all need to understand about all of this 'money' that is being 'loaned' to Greece. Now take a deep breath because this is going to be pretty hard to swallow. None of it actually exists. The 'money' that is being 'loaned' to Greece is no more 'real' than the virtual money depicted in the image above.

Most people imagine that – when they ask their bank manager for a loan – the funds (if) provided are drawn from money deposited in the bank by other customers. This is the classic 'savers and borrowers' scenario. But this is almost never the case. The fact of the matter is this: when you agree - by signing on the dotted line - to the terms of a loan with your bank manager you are actually creating the 'money' that will then be provided. The 'money' created in this manner: sometimes called 'bank money', is really nothing more than an entry on a ledger or digital database. And it is vital for people to understand that over 90% of all the money in circulation within a country's economy – at any given time – consists of this 'bank money' in one form or another. Look at this another way - less than ten percent of all the money in circulation within a national economy exists as actual currency: IE banknotes and coinage.

(Now I have not got the space, here, to fully explain exactly what money is – the forms it takes - and how it can be manipulated. It would be preferable for those wishing to understand this subject to do their own research anyway; they can then form their own unbiased opinion. Might I suggest that a good place to start would be to watch, 'The Money Masters' on YouTube. I would also recommend watching 'Mad' Max Keiser on RTTV.)

So the 'money' being provided to Greece only exists because Greece has agreed to pay this 'money' back to the 'loan' vendors. And without Greece's compliance: IE agreeing to the deliberate impoverishment of the Greek people through the adoption of 'austerity measures', to the terms of this arrangement then this 'money' would simply not exist at all.

So why did Greece need these loans in the first place?

Well, we have already seen that the banks have the ability to 'create money' – quite literally – out of thin air. What we must now understand is that all the currency created in this manner: virtually all the money in circulation, constitutes – what has been termed – the 'money supply'. We also know that over 90% of the money supply exists as bank money in the form of loans: or debt. Now, by calling in old loans, and refusing to issue new credit – the banks can control how much 'money' is in circulation: ergo the size of the money supply, at any given time.



When banks begin calling in old loans and refusing to issue new lines of credit companies start to go under. Jobs start to disappear. This leads to a situation were tax revenues paid to the government begin declining whilst unemployment rises putting pressure on shrinking public finances to provide welfare support for the increasing numbers out of work. This is quite a nasty equation. The government is forced to borrow more and more at a time when its capacity to pay back what it has borrowed is rapidly diminishing.

This is precisely what happened in Greece. It is also happening in other European countries and – even more alarmingly for the world economy – it has: since last summer, begun happening in America in a really big way. It is now being reported that: in the three months to April this year, the US stock of money fell from $14.2 trillion to $13.9 trillion – an annualized contraction of 9.6%. Now this might sound like no big deal until you look at the assets of institutional money market funds: institutions that make money with money, these fell at a staggering rate of 37% per annum. It would appear that some fund managers are turning their backs on the money markets altogether – and looking elsewhere to turn a profit: the surging commodities (gold, silver etc) markets perhaps. Things are beginning to look very bad. Listen – for instance – to Professor Tom Congdon: from International Monetary Research, who described the situation in the US as, 'Frightening...the plunge...has no precedent since the Great Depression.'

The most disturbing thing about all of this is that it is intentional. All of this is being orchestrated by the central banks. And, what is more, the banks aren't denying it. They are, however, blaming government appointed regulators whom – they argue – are forcing the banks to hold more 'cash' in reserve and loan less 'money' out to enable financial institutions to better withstand a meltdown similar to that of 2008. European government regulators are in fact, currently 'stress testing' banks to ascertain whether they are now financially strong enough to survive a recurrence of the 2008 event.

But aren't we getting somewhat mixed messages here? Were we not told by our governments - that the purpose of the massive injections: quantitative easing (QE) 1 and 2, of tax payer's money pumped into the banking system in the aftermath of the meltdown - was to increase 'liquidity' and get the banks lending again to kick-start our stalled economies?

It would seem somebody is being a little, economical with the truth here.

So just what, exactly, are the banks up to? Before we can start joining-up-the-dots that will give us an answer to this we first need to understand the intricacies of a sleight-of-hand-trick that allows the banks to work – yet more – of their magic with money. We need to understand the practice of fractional reserve banking. We have already seen how the banks: by getting someone to agree to owe them a sum of money, can conjure-up capital out of then air. This, however, is just the beginning of the process. Under the fractional reserve system they can then take ninety per cent of this magically created capital: sometimes referred to as, 'The principal,' and – whilst holding just ten per cent in reserve – loan it out in turn to create even more magic money. And it doesn't end there either. They can, amazingly, repeat this process until the, 'Principal,' has been multiplied – or 'inflated' – to almost ten times its original value. Nice work if you can get it.

This is, of course, an inflationary practice. By multiplying the principal in this manner they are 'inflating the money supply' which: under the immutable laws of supply and demand, decreases the buying power of the money in your pocket. So yes folks – not only can these people control the amount of money in circulation – they can also directly control the individual unit worth of all that money.

If all of this is new to you then you should – at this point – be asking, 'With all of this power being exercised by the private central banking system: what power is there left for our democratically elected governments to exercise?' The answer you should arrive at here is, 'Very little.'

Oh yes – before I forget – did I mention that your national currency is issued by a private central bank? And that you: along with your fellow countrymen, also owe interest on all the 'actual money' in circulation?

The Rothschild Boast


Let us now return to the situation in Greece and consider how the crisis will unfold in the coming months. Most of the funds that the Greek government has received in the bail-out package will be used to service: or pay the interest on, the national debt. The rest of it will be used to redeem Greek government bonds held by the banks and institutional investors as the bonds mature. The Greek people: the people that are expected to repay the debt, will not see any of this money and none of it will be used to create jobs in an attempt to turn the Greek economy around. In other words: once the debt package has been spent, Greece will still be no better off than before.

Greece will, however, attempt to 'pay down' its national debt by selling off national assets: the odd island here and there for instance, and privatizing services (the tax collection service has been mentioned) and the government owned electricity generating companies.

Now pay close attention. If you happen to be an English speaking Greek person – pay very close attention. We have already seen how banks multiply the principal capital generated by a loan agreement. We are also aware that interest rates are virtually nil at the moment. The people: or rather the sharks of Wall Street and the City of London, that are going to be buying up Greece's national assets will be doing so with dirt cheap, low interest loans provided by their friends in the banking sector. The funds that the banks will be utilizing to facilitate these buy-outs will have been generated – and this really is a killer – from the principal loan negotiated between the Greek government and the banks. Now these sharks are pretty sharp operators. They are not going to step in and offer the Greek government a way out of its dilemma until the asking price for Greece's national assets has been lowered to an amount that they are prepared to pay. Some commentators estimate this to be as low as 25% of the assets actual worth. Once acquired these assets will then be 'securitized': holding companies - that own the assets - will be formed, and then shares sold in these companies. The assets will, almost certainly, be sold many times over to private investors. So there is a share issuance bonanza on the way and fortunes are there to made. But all of this comes at a pretty heavy price for the ordinary citizens of Greece. Being, 'Sold down the river,': a phrase that comes down to us from the dark days of the slave trade, springs to mind here.

Furthermore, it looks like Greece will soon be joined: by other member states of the European Union, in the 'debt-trap-danger-zone.' Italy: with its own rapidly contracting money supply, is now favorite – it seems to have leapfrogged over Portugal – to become the next country staring down into the fiscal abyss. There are, however, some pretty savvy analysts out there who are second guessing the reasons why the central banks should want to force Italy into requiring a bail-out package of its own. Italy holds 2,400 tonnes of gold in its reserve. If they can force Italy to sell off this glittering prize then the sudden influx of all that gold onto the commodities market will, temporarily at least, slow down the inexorable rise in the value of this most sought after commodity. Now why should they want to do this?

They would want to do this because currency is their stock-in-trade and – if the price of gold took a sudden nose-dive – having money in the bank: which is what they're all about, would look a much better proposition. Get this straight: the worst possible scenario for the banks would be for the smaller depositor – those with only a few grand in the bank – to join in the exodus from money. Rich people and the big investment trusts are busy converting as much of their capital into commodities: things that have an intrinsic, crash-proof value, as they can. They are doing this because they know what's coming. They are also doing this because money in the bank isn't earning them any interest; the value of money sat in bank accounts is actually being eroded by price inflation. What is certain is that they could not do this if all the little guys went along to the bank and withdrew all their money. They need us to leave our money in the bank: to prevent a collapse and keep the banks solvent, whilst they get their money out.

Then there are other factors working against the Euro. You will have, no doubt, heard the word 'contagion' used by commentators when discussing the sovereign debt problems facing the Eurozone. This kind of terminology is being used to give the impression that this creeping crisis is unplanned – like a disease that affects some people but not others – and that the spread of this financial malaise is haphazard. Nothing could be further from the truth. All of this is planned. We already know that the banks can control the size of the money supply in any given country. One way in which they use this control is to ensure: by keeping the supply below a certain level, that a country is never in a position where it can actually pay off the money that it owes to the banks. More often than not a country is lucky if it can meet just the interest payments. So from this precarious financial position it only takes a little effort by the central banks: acting through their commercial, high street banking networks, to turn off the credit tap and force a country into recession. We know that this is happening in Europe. What many mightn't realize is that these acts of financial terrorism are being performed: in part, to support the value of the US dollar - against the Euro – on the international exchange markets.

The Dollar versus the Euro
Chart courtesy of Currencies Direct.com


The dollar has consistently declined against the Euro since the inception of the single currency: as an accounting currency, in 1999 (the introduction of banknotes and coins followed in 2002). This decline continues unabated: as the graph above – which covers the period, September 2010 to July this year – illustrates only too well. In fact, the Euro has been so successful against the US dollar, that it has now become a threat to the dollar's status as the world's first reserve currency. This places America – and the world – in something of a predicament.

Let me explain; with a little potted history. The dollar first rose to reserve currency status with the Bretton Woods Agreement in the late forties. This agreement was, however, abandoned when a highly indebted America: with Richard Nixon in The White House, de-linked from the gold standard in the early seventies. Nixon had not here, though, taken leave of his senses: he had a plan. Tricky Dicky approached King Faisal of Saudi Arabia and made him an offer he couldn't refuse. It went like this: America would guarantee to protect the kingdom – and the rule of the House of Saud – against any internal or external threat. Nixon had an unspoken threat: Israel, up his sleeve at the time. In return for this Faisal was to only accept the US dollar as payment for Saudi oil. Faisal would, as well, help Nixon to lean on the other OPEC countries to encourage them to follow suit. Nixon's plan worked. And the arrangement left America in a unique and enviable position. Normally, when a country is forced to issue large amounts of its own national currency the unit worth of that currency declines on the international money markets. But now: because everybody needed dollars to buy oil, America could print as many dollars as it liked and not have them depreciate in the normal manner. America could – in effect – tax the world by buying up assets, raw materials and finished goods with dollars that possessed a nominal value far in excess of their actual value. In early 2000, however, this cosy little set-up received a severe shock when Saddam Hussein declared that he was dropping the dollar and that: in future, he would only accept Euros in return for Iraqi oil. When George W Bush: whose family has extensive oil and banking business interests, entered office later that year it was decided at the outset - IE a year before 9/11 - that this situation could not be allowed to stand. Three years later: after the invasion and subjugation of Iraq, the dollar was reinstated.

That was then. And the situation now is still pretty prickly. When Bush forced Iraq to readopt the dollar the Euro was: at the time, trading 13% higher on the exchanges. This means that – between then and now – Iraq has been forced to forgo billions of dollars/Euros worth of income from its oil sales. America is due to pull the last of its military personnel out of Iraq by the end of this year. The question is: what is Iraq going to do after those troops have left? What would you do if it was your choice? Iraq has massive problems that the extra income: generated by a reversion to the Euro, would help alleviate. Moreover, if Iraq was to take this course of action and America did nothing: would others – as the Americans fear - then follow Iraq's lead?

So American forces can either stay in Iraq. A choice that would be hard to justify as a full 75% of America's huge deficit is directly attributable to spending on the military. Or does the US do the next best best thing - with America: in league with Britain - attempting to trash the Euro. If the value of the Euro can be forced down – significantly – by the end of this year then the dollar's status as the world's first reserve currency has a chance of surviving. If the Euro maintains, or increases, its value then the dollar is doomed.

(If my fellow Brits are wondering why I threw our hat into the ring in that last paragraph look at the GBP/Euro graph below and compare it with the USD/Euro graph above.

The Pound versus the Euro
Chart courtesy of Currencies Direct.com


Yes my friends - if the dollar goes down – so do we.)

Quite apart from these asset stripping attacks: launched against individual member states, and coordinated by some shadowy cabal of bankers based on Wall Street; the Euro is also the target of hostile campaigns - emanating from commentators in the media and the ratings agencies – designed to undermine its credibility and call into question its survivability as a single entity.

What we should bear in mind here is that some commentators have been 'predicting' the collapse of the Euro for almost as long as there has been a Euro. Furthermore, finding an impartial source of information on this subject is virtually impossible. Everyone that has something to say about the single currency does so with one eye on their own, personal bottom line.

This includes the big three ratings agencies. So why should we listen to them? Let me tell you why we shouldn't. These people were still according Fanny May and Freddy Mac: the US mortgage providers at the center of the sub-prime meltdown in 2008, triple A ratings as the companies went into receivership. They got that one wrong. They didn't see the banking collapse in Iceland coming either. Moody's, Standard & Poor and Fitch have all, in the past, been described as being, 'In bed with Wall Street.' And it isn't, really, that hard to imagine how this relationship would work. A group of predatory bankers select their next target. This could be a company, institution or even a country. They then begin cutting off the lines of credit that the target needs to conduct day-to-day business. The ratings agencies: at the behest of the bankers, now downgrade the target's credit worthiness and investors begin selling off their shares in the stricken victim in droves. As the victim's share price/bond value plummets it desperately seeks to recapitalize by trying to obtain a loan from the very people that have instigated the asset stripping attack. This exposes the victim to a hostile buy out and the Wall Street wolf pack move in for the kill. In the aftermath the ratings agencies can then claim that they were right about the victim's credit worthiness all along. These parasites aren't predicting anything. They are, however, participating in the destruction of economies and jobs without giving a thought to how their actions impact the lives of ordinary people.

So are the enemies of the Euro going to succeed in bringing about the break-up and ultimate demise of the European Single Currency?

First of all I would say, just look at the charts: such as those above. The charts have appeared pretty much the same since the turn of this century. There has, of course, been minor glitches in the Euro's rise to dominance – and these have been jumped on by anti-Euro commentators as evidence of its imminent collapse – but the underlying: ever upward, trend has hardly faltered.

Then there is another factor that nobody seems to be taking into account on this issue. That is the way in which usage of the Euro: as both a primary and secondary exchange currency, is spreading – geographically - across the world. The most important aspect of this phenomenon is not the fact that the Euro is, indeed, going global: but rather the reasons why countries around the globe are adopting the Euro and rejecting the US dollar. America has, in the past, trodden on a lot of toes. Through its agencies: most notably the CIA, America has repeatedly destabilized democratically elected regimes and replaced them with murderous dictatorships. It has done this to promote the interests of the big corporations and the oil companies and also to protect the primacy of the US dollar as first reserve currency. It has been estimated that this policy of covert intervention has cost the lives of over six-million people prior to 1987. Now, before the introduction of the Euro, these countries didn't have access to a mechanism that would allow them to 'have a go back' at the military and economic colossus that had caused them so much pain. This is no longer the case.

So ladies and gentlemen – place your bets.

My money is on the Euro.
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Afghanistan: Why We Are There

July 16th 2011 12:48
When you're wounded and left on Afghanistan's plains,
And the women come out to cut up what remains,
Jest roll to your rifle and blow out your brains

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What war? I hear you ask. Well, primarily, I want to discuss the growing animosity: amongst western leaders and commentators, certain Arab regimes and Israel, shown toward Iran. We really do need to know where we are going with this and why. Such belligerent posturing has, in the past, preceded open warfare. Do you not think it right that we: the ordinary people, should have some input into this situation? Or do we just sit back and await the whistling of bombs dropping, and the first of our fallen brought home in flag draped coffins?

Listen to what the leaders: the opinion formers, and the shakers and movers, of the western world are saying about Iran


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