Russia Dumps US Dollar as basic reserve currency
Global Research, May 20, 2009
Pravda
The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.
The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the annual (…)
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Russia Dumps US Dollar as basic reserve currency
21 May 2009 -
Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber
21 May 2009Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber
Marc Faber forecasts Economic Armageddon , the author of "The Gloom, Boom & Doom Report" foresees a litany of unpleasant events ahead , living up to his reputation for bearishness .
His key message is: buy real assets. He thinks it will take years for the global economy to recover, but when it does the effect of governments’ printing money will ultimately reignite inflation.
"If you’re in (…) -
Was the Air Force One Flyover a Warning to Obama?
18 May 2009The only thing I have read about this strange event that asked the right question was on wsws.org, one of my favorite sites. Alex Lantier wrote on April 29:
How could one of two specially-designed presidential jets be requisitioned for a flight over New York City, where nearly 3,000 were killed in the 9/11 attacks, without the knowledge of the president, the mayor or high-ranking US military officials such as the defense secretary and the joint chiefs of staff? If the official story is (…) -
Video: Dr. Margaret Flowers: “Stop this Abusive Health Care Situation!”
17 May 2009At a press conference in the House Rayburn Office Building, on May 13, 2009, Dr. Margaret Flowers shared her feelings about her role as a member of “The Baucus Eight,” and its importance to the cause of Single Payer. She said: “It is time to stop this abusive health care situation” in the country! Along with seven other activists, Dr. Flowers was arrested for challenging, on May 5, 2009, the current rigged system in the Senate Dirksen Office Building. On that date, Single Payer advocates (…)
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Video: Cancer Victim Rips Hypocrites in Congress over Single Payer Issue
17 May 2009Adrienne Campbell of Dearborn, MI, was diagnosed with cervical cancer at age 22. Her insurer denied coverage for a highly suspect legal reason. Ms. Campbell went $8,000 in debt to cover the cost of her treatment. At age 26, and uninsured, she developed ovarian cancer. Currently, at age 27, she’s over $10,000 in debt, but, mercifully, cancer free. At a rally on Capitol Hill, on May 13, 2009, in support of a Single Payer Healthcare system, Ms. Campbell said: “I’m angry that these politicians, (…)
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Obama’s Gitmo ’Blackshirts’: The Torture Continues
16 May 2009by Jeremy Scahill
As the Obama administration continues to fight the release of some 2,000 photos that graphically document US military abuse of prisoners in Iraq and Afghanistan, an ongoing Spanish investigation is adding harrowing details to the ever emerging portrait of the torture inside and outside Guantanamo.
The torture, according to the Spanish investigation, all occurred "under the authority of American military personnel" and was sometimes conducted in the presence of medical (…) -
Video: Federal Reserve Cannot Account for $9 Trillion
16 May 2009By: Julie Crawshaw
The Federal Reserve apparently can’t account for $9 trillion in off-balance sheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed’s expanded balance sheet, the IG didn’t know.
Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.
"I am shocked to find out that (…) -
Accountability, Badge & Credo (ABC) strategy to save the Planet from Climate Genocide & Climate Doom
16 May 2009A 3-fold Accountability, Badge and Credo (ABC) strategy may be the last chance for Humanity to circumvent Mainstream media and Establishment lying, obfuscation and inaction in relation to the worsening Climate Emergency that threatens Climate Catastrophe this century and a Climate Holocaust and Climate Genocide involving the deaths of 10 billion non-Europeans..
Informed humanitarians are well aware of the appalling gap between public perception (informed by the lying, holocaust-denying (…) -
Leon Panetta’s mission to stop Israel bombing Iranian nuclear plant
15 May 2009Leon Panetta’s mission to stop Israel bombing Iranian nuclear plant
May 15, 2009
James Hider in Jerusalem America’s spy chief was sent on a secret mission to Israel to warn its leaders not to launch a surprise attack on Iran without notifying the US Administration.
As Binyamin Netanyahu, the Israeli Prime Minister, prepares to visit Washington, it emerged yesterday that Leon Panetta, the head of the CIA, went to Israel two weeks ago. He sought assurances from Mr Netanyahu and Ehud (…) -
Fear of Crime and Things to Come
14 May 2009Fear resides in all living creatures. It’s what keeps us alive down at the watering hole or out on the street.
The fear of crime strikes all who live with its dread, as well as those who are personally victimized. Fear keeps us from doing what we want to do; it causes us to distrust friends and to view strangers with prejudice; and it can trick us into trading freedom for a false sense of security.
Hard Times
Many of us have grown up with an expectation that we have the right to a (…)