Archive for November 11, 2011

Gadhafi’s Gold-money Plan Would Have Devastated Dollar

“It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.

Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.”

Via The New American

Categories: Economy

Future of Drones: Light, Mobile, High Speed, Ground Movement Capable

“Technology buffs will no doubt find the following invention out of Japan impressive. It’s said to be the world’s first “spherical flying machine” aircraft ever invented (though we’re skeptical of that claim) and has the capabilities of revolutionizing State-sponsored surveillance.

We’re already familiar with military and police drone technology which can monitor and survey large areas with forward looking infrared, utilize face recognition and engage military and civilian targets with on-board weapons. With this new design, however, drone and micro-bot advancements can be taken to a whole new level of control and miniaturization.

We can only surmise that if we’ve been able to identify the host of military and policing applications, so too have the Pentagon and U.S. intelligence and law enforcement agencies (the sphere was actually developed by researchers at Japan’s Ministry of Defense).”

Via SHTF Plan

Categories: Police State

Finally, a Judge Stands up to Wall Street

“Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney’s office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC’s latest dirty settlement with serial fraud offender Citigroup, refusing to let the captured regulatory agency sweep yet another case of high-level criminal malfeasance under the rug.

The SEC had brought an action against Citigroup for misleading investors about the way a certain package of mortgage-backed assets had been chosen. The case is very similar to the notorious Abacus case involving Goldman Sachs, in which Goldman allowed short-selling billionaire John Paulson (who was betting against the package) to pick the assets, then told a pair of European banks that the “designed to fail” package they were buying had been put together independently. “

Via Rolling Stone

Categories: Uncategorized

Chicago youth scum knocks out old man

Video shows man being punched at Red Line stop amid laughs and taunts
“The assault occurred in April, but the video has only recently surfaced on the Internet.

The video, posted at, shows a man in a tan coat moving among people on the southbound subway platform as a group of youths joke and laugh. One of the youths starts following the man, turning around and smiling as his friends whoop and laugh.

The youth, dressed in a black vest jacket, then appears to tap the man to get his attention. When the man turns around, the two appear to exchange a few words before the youth suddenly strikes him on the side of the head.

The older man falls on his back so hard his hat flies off, according to the video. The youth and his friends board a waiting train as a woman kneels down and touches the man and makes a phone call.”

Via Chicago Tribune

Categories: Uncategorized

Your Most Expensive Thanksgiving Meal: Food Costs Soar, Highest Jump in 20 Years

“Thanksgiving is a time for families to come together and celebrate, but this year may be your most expensive Thanksgiving yet thanks to skyrocketing food costs and an overall increased demand for poultry. It now costs, on average, $49.20 to feed 10 individuals on Thanksgiving. Up $5.73 from last year according to the American Farm Bureau Federation, the cost is about 22 percent more expensive than it was last year.

Last year, a 16-pound Thanksgiving turkey was priced at $17.70. This year, the same bird costs an average of $21.60. The price rise signifies the highest jump in 20 years.”

Via Activist Post

Categories: Food prices, Inflation

Out Of The Ashes Of The Collapse Of The Eurozone Will A “United States Of Europe” Arise?

“All over Europe, headlines are declaring that the eurozone is on the verge of collapse. Many people falsely assume that this will mean the end of the euro and a return to national currencies. Unfortunately, that is not going to be the case at all. Instead, this is going to be yet another example of how the elite attempt to bring order out of chaos. The European elite have no intention on giving up on a united Europe. Rather, they hope to be able to bring to life a new “United States of Europe” out of the ashes of the existing eurozone. Over the coming months we will see widespread panic and fear all across Europe. The euro will likely sink like a rock and there will probably be huge financial problems in Europe and all around the globe. But for the European elite, a great crisis like this represents a golden opportunity to tear down the existing structures and build new ones. The solution that the European elite will be pushing will not be to go back to the way that Europe used to be. Instead, they will be pushing the idea of a much more tightly integrated Europe really hard.”

Via End of the American Dream

Categories: Uncategorized

Political corruption led to largest municipal bankruptcy in U.S. history

“Do you have any idea what you pay for sewer service? Most people pay so little that they’re no more conscious of the cost than they are of a cup of cheap coffee. That’s the way it used to be in the county where I live, but widespread corruption on sewer construction and bond deals sent rates through the roof. That corruption has now resulted in the largest municipal bankruptcy filing in U.S. history.

Not that many years ago, my sewer bill was only about $10 for each quarter of the year. When the price started rising, billing became monthly. My most recent bill was $20.18. Current rates are now almost 10 times what they were in 1992. Something that used to cost almost nothing is getting a bit expensive. If my bill is anywhere close to typical for one person living alone, the cost could add up quickly for a family of four or five. That extra bill hits many families hard in this economy, especially as local taxes continue to go up.”

Via David McElroy

Categories: Uncategorized

Bernanke Says That Any Criticism Of The Federal Reserve Is Based On “Misconceptions”

“Federal Reserve Chairman Ben Bernanke is taking his show on the road in at attempt to help Americans feel better about the Federal Reserve. During a visit to the Fort Bliss headquarters of the Army’s 1st Armored Division this week, Bernanke held a town hall meeting during which he took questions from some of the soldiers. Bernanke tried to sound as compassionate as possible as he assured the soldiers that the Federal Reserve is looking out for the American people and is doing everything that it can to help create jobs. At one point, Bernanke even made the following statement: “For a lot of people, I know, it doesn’t feel like the recession ever ended.” That probably helped a lot of people feel better. A few probably even had a good cry. But what Bernanke did not explain to the troops is that the Federal Reserve is very much responsible for the fact that unemployment is rampant, for the fact that the U.S. dollar is rapidly being devalued and for the fact that we have accumulated the largest national debt in the history of the world.”

Via The Economic Collapse Blog

Categories: Federal Reserve

Greece Turns to Iran for Oil as Credit Shut Down Elsewhere; EU Considers Oil Sanctions on Iran

“Greek suppliers concerned about the potential default of Greece have shut off financing for oil. In turn this has caused Greece to turn to Iran. However, the EU is now threatening to impose more sanctions on Iran over nuclear issues. If the EU acts that stupidly, the Greek economy will shut down.”

Via MISH’S Global Economic Trend Analysis

Categories: Uncategorized

11 shocking things you now realize to be true (but you never would have believed just three years ago)

“We are living through a time of great awakening. The people of our world are beginning to open their eyes and realize the stunning depth of the scams and collusion taking place all around them. These scams that steal their wealth, poison them with chemicals, enslave them with financial trickery and control their minds with propaganda. These scams are the very fabric of modern government, the mainstream media, universities and so-called “science” institutions.

Here are 11 of those scams that you probably never would have believed just 2-3 years ago; but now you probably realize these are true!

Welcome to the real world, my friends. Now that we recognize the depth of the scams, let’s change things for the better. (Occupy America!)”

Via Natural News


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