Sunday, November 8, 2009

Zionism’s Version of History

Zionism’s Version of History

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My guest tonight is a Jewish American political scientist and author who Jewish supporters of Israel right or wrong love to hate. He is – Norman Finkelstein.

Norman Finkelstein grew up in New York City where, before he obtained academic employment, he was a part-time social worker with teenage dropouts.

He completed his undergraduate studies at New York’s Binghampton University in 1974. After studying in Paris, he went on to get his Master’s degree in political science, and later his PhD in political studies, from Princeton University. He has held faculty positions at five American universities.

The reason why Finkelstein is vilified by Jewish supporters of Israel right or wrong can be simply stated. In his writing and public speaking, as in his doctoral thesis, he is committed to exposing books which present Zionism’s version of history. They are, he writes and says, part of a “monumental hoax”, “fraud” and “nonsense”.

His friend Noam Chomsky once warned him in a letter that he would get into trouble because, Chomsky wrote, “you’re going to expose the American intellectual community as a gang of frauds, and they are not going to like it, and they’re going to destroy you.”

A dramatic moment in Zionism’s on-going attempt to destroy Finkelstein, and also its highly successful strategy for restricting academic freedom in general, came in June of last year (twenty o seven) when, giving in to Zionist pressure, Chicago’s DePaul University denied him tenure. Prior to that decision, Finkelstein had been an assistant professor at DePaul for six years, and described in an official university statement as “a prolific scholar and outstanding teacher.”

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Ron Paul: Be Prepared for the Worst

Be Prepared for the Worst

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Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.

Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers.

This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble's collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve's balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over?

What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending.

Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury's program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person's pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars.

The only remaining option is to have the Fed create new money out of thin air. This is inflation. Higher prices lead to a devalued dollar and a lower standard of living for Americans. The Fed has already overseen a 95% loss in the dollar's purchasing power since 1913. If we do not stop this profligate spending soon, we risk hyperinflation and seeing a 95% devaluation every year.

Rep. Ron Paul's Bill to Audit the Federal Reserve 'Gutted' in Committee

Rep. Ron Paul's Bill to Audit the Federal Reserve 'Gutted' in Committee

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A WorldNetDaily story reports that the bill sponsored by Rep. Ron Paul (R-TX) that would call for an audit of the Federal Reserve has been "gutted" in a congressional committee. The legislation, H.R. 1207, would also close loopholes that prevent transparency of Fed actions. It currently has over 300 co-sponsors in the House.

In a telephone interview with a Bloomberg reporter, Paul said that the bill had been stripped of measures closing loopholes that protect the Fed and blamed Rep. Melvin "Mel" Watt (D-NC), chairman of the House Financial Services Committee's Subcommittee on Domestic Monetary Policy and Technology, for ripping the teeth out of the legislation. Watt has significant ties to the banking industry and received the largest share of his 2008 campaign contributions—over one-third of his total contributions for the cyclefrom the finance, insurance, and real estate industry. Watt's four largest contributors were Bank of America, headquartered in Watt's district in Charlotte, Wachovia Corp., American Express, and the American Bankers Association.

Paul vowed to try to restore the gutted provisions of the bill through an amendment when it comes to the House floor for a vote.

The veil of secrecy that shrouds the Fed has only made it more mysterious, and monetary policy that much more complex and obscure, to the average American taxpayer. Political discourse over subjects like deficits and inflation tends to focus on fiscal policy, but this is only one half of the equation. It is time for more people to ask why the Fed should have a government-granted monopoly for the creation of money and what it does with its powers to alter the value of money and interest.

Below is an excerpt of the WND article quoting Rep. Paul on some of his criticisms of the Fed:

Paul long has been a critic of the secrecy of the Federal Reserve.

"Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar," he said earlier. "Since 1913, the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy."

"Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations," Paul said when the plan to audit the Fed was introduced. "While the conventional excuse is that this is intended to reduce the Fed's susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests."

Paul has warned, "The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight? Particularly when hundreds of billions of dollars of currency swaps have been announced and implemented, the Fed's negotiations with the European Central Bank, the Bank of International Settlements, and other institutions should face increased scrutiny, most especially because of their significant effect on foreign policy. If the State Department were able to do this, it would be characterized as a rogue agency and brought to heel, and if a private individual did this he might face prosecution under the Logan Act, yet the Fed avoids both fates."

Americans on food stamps tops 36 million, new record

Americans on food stamps tops 36 million, new record

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The number of Americans receiving food stamp assistance soared above 36 million for the first time in August, the eighth month in a row that enrollment set a record, the U.S. Agriculture Department said on Wednesday.

USDA said 36.492 million people were receiving food stamps, also known as the Supplemental Nutrition Assistance Program. In July, enrollment stood at 35.851 million. At the current rate, an estimated one in eight Americans receive benefits.

The program, which helps poor people buy food, has seen enrollment jump by 4.707 million during 2009 amid a lingering economic downturn in the United States. Participation grew by 2 million people from May to August.

In the latest data, the average person received $132.99 in August, compared with $101.31 in August 2008.

The Great Foreclosure Robbery Of The 21st Century

The Great Foreclosure Robbery Of The 21st Century

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The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009 and the group expects the foreclosure number to double before the end of the year.

U.S. Home Vacancies Hit 18.7 Million on Bank Seizures (Update2) [1]

Thanks to our controlled and uncontrolled media, we know when you take the derivative of the foreclosure crisis you get those greedy predatory lenders at AIG, Goldman Sachs and Bank of America plotting to steal our tacky (I mean tract-y) houses.

Conventional wisdumb and the media always blame the usual suspects and FOX News wraps it up: "It's the age-old Wall Street vs. Main Street smackdown again"

Is this foreclosure for profit?

Michael DisInformation Moore thinks so.

Florida’s up and coming real estate “whiz”, Condo Vulture Peter Zalewski is featured prominently in his latest fake, muckraking film, “Capitalism, A Love Story.”

Moore explains that Zalewski specializes in foreclosed homes that his clients buy and later sell at a profit.

But in June, with 18,700,000 empty houses, Zalewski and all the other vultures found only 32,000 bottom feeders to buy them.

“Mortgage Modification could avert the crisis but then why are…Mortgage Modifications Still Uncommon Despite Huge Losses From Liquidation Sales”? [2]

“In June, the total loss from the write-downs on 3,135 loans was just $45 million. But the losses incurred in foreclosures because the industry refuses to modify the loans in the same period were a staggering $4.59 billion.” [3]

"There is 100 times as much money lost in foreclosure sales as there was in writing down balances in modifications." said Alan M. White, an assistant professor at the Valparaiso University law school in Indiana who analyzed data on 3.5 million mortgages held by some of the nation's largest loan services companies, such as Bank of America, Chase Home Finance, Litton Loan Servicing, and Wells Fargo -- the companies responsible for putting these mortgages into large securitization pools.

White’s take on the foreclosure crisis: "That is not rational economic behavior."

Given losses like these, White said he was “perplexed that lenders and their representatives were resisting reducing principal when they modify loans.”

His data shows how rare it is for lenders to reduce principal.

The foreclosure paradox: Foreclosures breed foreclosures. Cutting you a deal to keep you in your home is a win-win-win, the lender would keep getting payments, the housing market and the economy might begin to recover.

The American Dream, an environmental nightmare, fueled our consumer society. The American Nightmare, an environmental dream, is fueling the foreclosure crisis.

October 2008, to anyone not in denial, marked the last day the men behind the Federal Reserve, all connected to the House of Rothschild will create money out of thin air so the middle class can “trash the planet” with houses, second houses, cars, RVs, TVs and DVDs. [4]

So who is directing the mortgage industry to foreclose on houses they don’t want, can’t sell, and in the process are adding huge losses to their bottom line?

“Brian Deese, special assistant to president Obama for economic policy shuffles back and forth from the West Wing to the Treasury Department dismantling the US Home and Auto Industry and rewriting the rules of American “capitalism”. [5]

Why?

Full Foreclosures and Full Un-Employment is on track to happen before 2012.

"Capitalism, No Love Story" a Call for Revolution

Should we trust Michael Moore to tell us who our enemy is?

The truth about Michael Moore was at www.moorelies.com but someone took it down.

No problem, as of today you can still get the book: Michael Moore Is a Big Fat Stupid White Man.

Michael “white tennis shoe” Moore has seen the enemy and it is Wall Street and Goldman Sachs.

Bob and Harvey Weinstein produced the Love Story with a $1 billion fund from you guessed it….Goldman Sachs. [6]

The purpose of the movie is no secret. Moore lays it out in terms even a child can understand: “grab your torches and pitchforks... and rise up or else—“he's (Michael) done making movies.”

If you find his films incoherent and disjointed you’re not alone. Michael makes films according to “The Parallax View.” Joe Frady (Warren Beatty) in the 1974 is subjected to a film that conflates positive images with negative actions in order to brainwash him into becoming an assassin.

We are being conditioned, brainwashed and manipulated to rise up against The Powers That Be (TPTB).

Michael Moore is fomenting a middle class revolution. Or at least acts of violence.

Is it possible TPTB want a revolution against…themselves?

Yes, it would give them an excuse for …Martial Law.

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Robert Singer is an Entrepreneur and the author of a forthcoming book on the Federal Reserve. His articles cover politics and the financial and environmental implications of our consumer society. The articles have been main headlined and can be found on numerous popular websites: Marketoracle, Silverseek, Goldseek, disinformation.com, Daylife, LAprogressive, Canadafreepress, Opednews, Daily.pk and many of the Wordpress sites. Richard Daughty, The Mogambo Guru, proclaimed him a Junior Mogambo Ranger (JMR).

Footnotes:

[1] U.S. Home Vacancies Hit 18.7 Million on Bank Seizures (Update2), Bloomberg.com, Kathleen M. Howley

[2] Mortgage Modifications Still Uncommon Despite Huge Losses From Liquidation Sales, The Huffingtonpost

[3] So Many Foreclosures, So Little Logic, July 4, 2009, The New York Times

[4] “We don’t want your tired, poor, huddled masses yearning to trash the planet” The Federal Reserve, 2009, Robert Singer

[5] The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger, The New York Times: May 31, 2009

[6] How Goldman Backed Moore's 'Capitalism' Movie, www.futureofcapitalism.com/2009/09/how-goldman-backed-moores-capitalism-movie

True US unemployment rate stands at 17.5%

True US unemployment rate stands at 17.5%

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According to figures released by the Department of Labor, the real marker of American unemployment stands at 17.5 percent -- a figure which takes into account under-employed workers and those who have not sought work in the last four weeks, according to a published report.

"If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression," reporter David Leonhardt wrote in Friday's edition of The New York Times.

The report continued: "In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1 percent, in December 1982."

While official unemployment statistics were not available during the Great Depression, Department of Labor economists working with the Times estimated that some 30 percent of the U.S. workforce was put out during that period, the report added.

President Barack Obama called the figures "sobering," responding to widespread media accounts that placed the figure just over 10 percent, noting the department's calculation of workers who are actively searching for jobs.

"To that end, my economic team is looking at ideas such as additional investments in our aging roads and bridges, incentives to create jobs and steps to increase the flow of credit to small businesses," the president said.

Fred Dickson at DA Davidson & Co. said the report "continues to point to an economy that is struggling, but the picture is not nearly as dire as seen at the beginning of the year."

"Slowly, the trajectory is improving, but, given the huge number of unemployed and underemployed, our view of a very slow economic recovery in 2010 and 2011 remains very much in place," he added. "This report will not do much to encourage the Fed to raise rates anytime soon."

The number of unemployed persons increased to 15.7 million. Since the start of the recession in December 2007, the number of unemployed has risen by 8.2 million, the Labor Department said.

The world's largest economy grew at a seasonally adjusted 3.5 percent annual rate in the July-September period. The increase was the first since the second quarter of 2008.

For the US economic community, the recession will not be over until it is declared by a research panel, National Bureau of Economic Research, recognized as the official arbiter of business cycles.

President Obama on Friday signed a measure to extend unemployment benefits and enact a new tax credit for home buyers.

America The Betrayed

America The Betrayed

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If you want to get an idea of what America once was like, read the poems of Walt Whitman. Whitman was born on Long Island in 1819 and grew up in Brooklyn, N.Y. His family was poor, but even though he left school at the age of 11 he gave himself an education by reading and working in the printing shop of a newspaper until he gradually became a published writer. He worked as a teacher and news reporter and owned his own newspaper by the age of 20.


In 1848 Whitman was a delegate to the founding convention of the Free Soil Party. During the Civil War he worked as a nurse in Union military hospitals and held several government jobs, including interviewing Confederate prisoners for pardons. Some of his greatest poems came from his war experiences, including his famous elegy upon the assassination of President Abraham Lincoln, “Oh Captain! My Captain!” His great collection of poems, Leaves of Grass, was self-published. He died a national hero in 1892 in Camden, New Jersey, where thousands of people came to pay their respects.


Whitman has always been viewed as a poet of the people, in contrast to the pretentious dandies from academia who have controlled official American culture for much of our history. He wrote of workmen, farmers, sailors, soldiers, lovers, criminals, and prostitutes.


In the text of the first edition of Leaves of Grass, he wrote of himself as, “Walt Whitman, an American, one of the roughs, a kosmos, disorderly, fleshly, and sensual, no sentimentalist, no stander above men or women or apart from them, no more modest than immodest.” He had discovered a great secret, one that is known to everyone who is young at heart: that the free individual, always potentially a “kosmos,” stands at a much higher level in the scale of creation than any man-made collective.


Thus was Whitman a hero to the Beatniks of the 1950s who tried to rediscover an authentic American voice in the streets and on the roads and highways of this great land. The spirit of Whitman was surely present through the rebellion of the 1960s, when America’s young men and women rose up and fought the Establishment to stop the Vietnam War and bring civil rights to racial minorities.


The Establishment fought back with a vengeance and, through the most egregious betrayal in history, reduced the world’s greatest industrial democracy to the pathetic shadow of its former self we are today.


The first thing the Establishment did was destroy the industrial job base by shipping millions of good jobs to China and other Third World nations, where slave laborers could be forced to churn out consumer products at a fraction of the cost of similar work done by American workers.


Acting through the CIA and organized crime, the Establishment flooded the cities and college campuses with illegal drugs in order to rot the minds and souls of our youth.


They dumbed down education to the point where young people who graduate today know little and can do less of a practical nature. Vocational training is dead. A high school graduate is worth virtually nothing in the job market, and many college graduates are semi-literate and self-absorbed, often lacking backbone, skills, or initiative. Some high school and college graduates are even drug addicts or alcoholics.


They turned the economy over to thieves from Wall Street and created a military machine that turns youth into murderers and assassins whose job it is to conquer the world for the fat cats of global capital.


They ruined the arts, literature, and music through crass commercialization, making it almost impossible for any real original creativity to be produced or communicated. The one bright light in this darkness is the internet, which is being threatened by commercial suppression of freedom of expression by the ambitions of big communications companies. Thank goodness too for the rare creative genius like Michael Moore who has the courage to hold up a mirror to this deeply diseased society.


Then they wrecked people’s health with processed food and constant inducements to a sedentary lifestyle while pumping us full of dangerous vaccines and prescription drugs. They drummed it into everyone’s head that we are basically weak, ill, helpless creatures who can only survive by taking pills and making constant trips to doctors, hospitals, and clinics.


They induced us to fight over our possessions and freedoms in law courts with the aid of greedy lawyers in front of rapacious judges who have built up the largest prison population in the world.


They pulled money and credit out of the inner cities and rural areas leaving those segments of the nation and their populations to rot.


The list could go on and on and on.


Today we are in the midst of not just a recession but a terminal depression. Getting the banks to lend again so people can buy homes at what are still over-inflated prices or so they might compete with immigrants to get construction jobs through building of more useless office buildings or military bases is not a recovery. The “greening of America” is a myth. There is no resurgence of alternative energy investment or new public infrastructure apart from a few highway projects.


American family farming is practically dead and is under a new assault from speculators who are undercutting prices and forcing foreclosures. The local manufacturing sector never came back after the calamitous decline produced by the Paul Volcker recession of 1979-1983, when interest rates were deliberately raised to over 20 percent to kill off family-owned businesses so that global corporations could step in and take over. Since then we had the “Reagan Revolution” when the banks took over the economy, the Clinton dot.com bubble of the 1990s which crashed in 2000, and the George W. Bush/Alan Greenspan housing bubble which blew up in 2008. Now Main Street lies shattered and shuttered as a result of the crimes and treacheries of the last 30 years.


True, there is a rebellion brewing, including a monetary reform movement that has attacked the power of the Federal Reserve, as well as a few progressive voices that call for a much larger economic “stimulus” than the Obama administration has seen fit to implement.


But is there any practical plan on the part of either political party or organized movement to restore America to what it once was–a place where ordinary people could live, work, learn, and flourish? The answer is a resounding “No.” Not a chance. And “Change You Can Believe In” hasn’t changed a thing. All it has done has been to produce another financial bubble, this time using huge amounts of public debt through the sale of U.S. Treasury bonds. Business is not growing and jobs are not coming back. The only thing that has gone up has been the meeting of military recruitment quotas.


This latest bubble will fail too, because money created through lending to float the prices of assets is not wealth. Rather wealth consists of goods and services produced by labor applied to natural resources. Those who provide the labor must be recompensed fairly.


So what is to be done? The answer is that nothing can or will be done, if by that you mean whether a political savior is going to come along to rescue our nation and its people from destruction.


In fact, what they are planning is to continue to throttle and enslave us with a predatory financial establishment and a military policy that is preparing the groundwork for World War III. The war will be fought with American troops against Russia and China, after which China will take over as the world’s policeman while this country disappears from the face of the earth. It’s the ultimate plan of the New World Order, the ones American politicians, financiers, military leaders, and academics bow down to.


It is time for each and every individual who values his or her own life along with the creative potential of the human spirit to begin to work with others to create a new nation and world. The government isn’t going to do it for us. Please believe me. This is not a system that can be reformed. It is a system that must be replaced. And it must be replaced by the ordinary working men and women who have been crushed, used, and abused during the past ugly half-century.


Americans, get to work. Call your friends and family together today and begin to figure out what to do. Start with 15 minutes of prayer and meditation. You will be shown the way from within yourselves. My own view is that setting up local currency systems, as many communities are now doing, is a good place to start.