Fear Campaign Continues: Obama Extends 9-11 National Emergency for a 10th Year

Barack Obama
White House

Dear Madam Speaker:    (Dear Mr. President:)

Section 202(d) of the National Emergencies Act, 50 U.S.C. 1622(d), provides for the automatic termination of a national emergency unless, prior to the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date. Consistent with this provision, I have sent to the Federal Register the enclosed notice, stating that the emergency declared with respect to the terrorist attacks on the United States of September 11, 2001, is to continue in effect for an additional year.

The terrorist threat that led to the declaration on September 14, 2001, of a national emergency continues. For this reason, I have determined that it is necessary to continue in effect after September 14, 2010, the national emergency with respect to the terrorist threat.

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Max Keiser: Middle class needs to 'sharpen up the guillotine on Wall Street'

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Scientists Find Thick Layer of Oil On Seafloor

Richard Harris
NPR

Scientists on a research vessel in the Gulf of Mexico are finding a substantial layer of oily sediment stretching for dozens of miles in all directions. Their discovery suggests that a lot of oil from the Deepwater Horizon didn't simply evaporate or dissipate into the water — it has settled to the seafloor.

The Research Vessel Oceanus sailed on Aug. 21 on a mission to figure out what happened to the more than 4 million barrels of oil that gushed into the water. Onboard, Samantha Joye, a professor in the Department of Marine Sciences at the University of Georgia, says she suddenly has a pretty good idea about where a lot of it ended up. It's showing up in samples of the seafloor, between the well site and the coast.


"I've collected literally hundreds of sediment cores from the Gulf of Mexico, including around this area. And I've never seen anything like this," she said in an interview via satellite phone from the boat.

Joye describes seeing layers of oily material — in some places more than 2 inches thick — covering the bottom of the seafloor.

"It's very fluffy and porous. And there are little tar balls in there you can see that look like microscopic cauliflower heads," she says.

It's very clearly a fresh layer. Right below it she finds much more typical seafloor mud. And in that layer, she finds recently dead shrimp, worms and other invertebrates.

'A Slime Highway'

How did the oily sediment get there? Joye says it's possible that chemical dispersants might have sunk some oil, but it's also likely that natural systems are playing an important role.

"The organisms that break down oil excrete mucus — copious amounts of mucus," Joye says. "So it's kind of like a slime highway from the surface to the bottom. Because eventually the slime gets heavy and it sinks."

That sticky material can pick up oil particles as it sinks. Joye can't yet say with certainty that the oily layer is from BP's blown-out well.

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When Will the Bad Dream End?

Anthony Gregory
LewRockwell.com
September 11, 2020

In a normal country, war is front-page news. It is a big deal to invade and bomb another nation. Most of the world’s people can probably name all the foreign governments their own government is at war with. If any other industrialized nation were bombing Pakistan, for example, and displacing hundreds of thousands of people from their homes, the average taxpayer would be aware. It would be the biggest news story. If you are a typical person living in a normal country, and your government threatens to invade, say, Eritrea, you would probably hear something about it. And you would probably even want to know where Eritrea is on a map.

Abroad, there is the war with Iraq that seems crazy even for the U.S. empire. Photo: Staff Sgt. Liesl Marelli

The United States is not a normal country. If it ever was one, it certainly isn’t now. Its imperial foreign policy has long made it special, and now that it’s the world’s lone superpower – with an effective monopoly on aerial warfare, calling the shots as to who can have nukes, claiming the unilateral right to start wars against anyone – the U.S. government has become so belligerent, and especially in remote lands, that American wars have become routine, its casualties relegated to the back page.

This decade has obviously been especially bad. Nine years ago, the Twin Towers fell, the Pentagon was hit, and the United States, its government and political culture, fell under a spell of mass delusion that still shows no signs of abating. It has been nine whole years since 9/11, and it is starting to look like the “post-9/11″ insanity that marked America under Bush has become a permanent feature of the American landscape.

Looking around at what has happened in these last nine years, we are reminded of what a long period of time this is in the modern age. iPods took the world by storm and became obsolete. Such movies as the Lord of the Rings trilogy forever changed film in ways we now take for granted. Trashy reality TV conquered most of the airwaves, but television has at the same time blossomed into a bona fide art form, with HBO, Showtime and even network TV producing programs of a quality previously unimagined. The internet has gone from being a ubiquitous convenience to becoming the major network of all communication, to which practically every other communicative and technological medium is to be connected.

In nine years, we’ve seen the housing market boom and bust. We’ve seen, according to the hyperbolic media, our nation’s greatest environmental disaster, one of the worst natural disasters, and a nearly unprecedented financial collapse. And speaking of the old media, the giant newspapers still seemed like leaders in 2001. Now they look like a dying breed, with whole enterprises selling for literally less than a single issue at a newsstand price. Meanwhile, many consumer goods, including food staples, have nearly doubled in cost.  China is now the second biggest economy in the world.

And certainly, nine years is quite some time in the lives of actual people. We all know folks who’ve had children or passed away. Kids have grown from losing their baby teeth to taking their SATs. We’ve been to many weddings.

On the political scene, in the last nine years we have watched nearly two full terms of one president and half a term of another – two presidents who represent different parties, opposing sides of the culture war and, ostensibly, contrasting approaches on how to govern the country. We’ve seen the Republicans capture the federal legislature and then lose it all again. We’ve seen both parties undergo significant rhetorical makeovers.

But one thing that hasn’t changed at all is U.S. foreign policy, and the entire American style of responding to supposed threats abroad with the brute force of war and the continual expansion of government power at home.

This is not to say that there was a qualitative break in U.S. policy nine years ago, not even as far as the Muslim world was concerned. The U.S. overthrew Iran’s government in 1953, installed a dictator and taught his goons how to torture. The U.S. backed Saddam and his ilk from the late 50s through the 1980s. The U.S. engineered the Soviet invasion of Afghanistan in 1979 and continued to meddle in that country, radicalizing Islamist fighters and helping to create the modern fanaticism there. In the 1980s, the U.S. government bombed Libya and encouraged Saddam to invade Iran, even as President Reagan secretly sent weapons to Iran. In 1990, the U.S. government started a war with Iraq that has essentially continued to this day. Clinton bombed Iraq and Afghanistan. In the decades leading to 9/11, it is fair to say that the U.S. government directly or indirectly murdered millions of innocent people in its interventions in the Middle East and Central Asia. Every president from Eisenhower through Clinton shares some of the blame.

But there has been something particularly insane about U.S. policy since the events of 9/11. Previous limits upon imperial boldness, even if they existed only out of pragmatic concerns, have been swept aside. What was once considered beyond the pale is now accepted as normal.

Abroad, there is the war with Iraq that seems crazy even for the U.S. empire. It used to take something like the Soviet Menace, with tens of thousands of nuclear weapons – or someone like Hitler or Tojo, with some of the mightiest militaries on earth – to scare the living daylights out of Americans. But the Iraq war showed that the most ludicrous of pretenses – that a lame duck dictator like Saddam, who had never attacked the United States and showed no signs of doing so, was somehow a threat to America – could now be used to justify a project to “liberate” and bring democracy to a whole nation that itself was cobbled together by the West, held precariously intact under a brutal strongman, and that would inevitably fall short of American dreams of democracy no matter how many times its people voted.

Then there’s the fact that the U.S. government now goes to war, and is peripherally involved in even more wars, without anyone in America seeming to care. This is an era when threatening Eritrea is the least of it. The U.S. supports an Ethiopian invasion of Somalia – barely a blip in the news. The U.S. backs an ally, Israel, that invades its other ally, Lebanon, and maybe the talking heads care for about a day. The U.S. is essentially at war with its own nuclear-armed ally, Pakistan – and many Americans have no clue. The U.S. backs suicide bombers in Iran with possible ties to al Qaeda who are bent on changing Tehran’s government – not that most Americans even know the difference between Iran and al Qaeda, Persians and Arabs or Sunni and Shi’ia. And then, when an airplane passenger fails in his attempt to kill Americans on Christmas Day with explosives hidden in his underwear, the media scream that perhaps it’s time to wage war on Yemen. No one of prominence even mentions that Obama was already bombing Yemen, days before the underwear bomber almost struck.

But Afghanistan has got to be the most insane example of what’s going on. This is the war that marks the shift since 9/11 – even more than Iraq. The U.S. realists, in one of their only foreign policy successes ever, used Afghanistan against the Soviets, knowing it was the graveyard of invading empires. Now the U.S. is, in the midst of a recession, tripling down on a completely unjust and completely unwinnable project to save Afghanistan from its own tribal people, win the war on drugs there, bring freedom to the land and defeat a terrorist network that barely even exists in the country.

This is a reminder of why it’s so important to oppose a war before it begins. The Afghanistan war was always a terrible idea. Nine years ago, a few Americans stood up and pointed out that the 9/11 attacks wereretaliation for U.S. foreign policy, which must be changed if we are ever to address the problem of terrorism. But these voices were in the minority. More than 90% of Americans cheered the invasion of Afghanistan. Now many on the left think it was folly, but the U.S. can’t pull out. Or they are quiet because their beloved president is doing the killing.

The Democrats practically all backed this war, and in both 2004 and 2008 attacked Bush for “neglecting” Afghanistan. Obama always promised us he’d be even worse on this war than his predecessor. It almost inspires nostalgia for Bush, who was essentially no more aggressive than Obama but who seemed to get away with less.

Obama has meanwhile “ended” the war in Iraq by keeping 50,000 troops there – troops involved in shooting and killing. Then there are the 100,000 contractors and permanent bases. Americans are snoozing. Who cares about Iraq? That’s so 2003. And on the civil liberties front – detention, rendition, surveillance, even the unilateral presidential right to assassinate US citizens he deems terrorists – Obama has pushed the envelope further than Bush. But what’s the big deal? Even conservatives who think Obama a totalitarian tyrant don’t seem to care about these, his most totalitarian and tyrannical policies.

As for the national debate about U.S. foreign policy, there is none. The idea that the minority was pushing even on 9/12 – that the attacks were blowback from decades of U.S. aggression – is still hardly more discussed than it was back then. Ron Paul made it a somewhat common point of discussion back in 2007, but since then, who has even touched upon the fundamental nature of 9/11? Instead, Americans are divided as to whether to blame all of Islam or whether to blame radical Islam, when revenge over U.S. aggression is the true motivation behind the anti-U.S. attacks, and stopping the wars is the only answer.

But far from finally being open to the truth of blowback and the insanity of the Afghanistan project, and far from having learned from Iraq to distrust U.S. war propaganda, the American people appear to have forgotten about these wars, to have stopped caring about U.S. foreign policy, except to be worried, once in a while, about the next supposed foreign threat. The media claim, without justification, that Iran is getting close to having a nuke. The press, year after year, spins a story up about how Iran is just one year away, but there is no proof this is even an Iranian goal, and practically no one ever talks about the Non-Proliferation Treaty to which Iran is a signatory, except to dishonestly imply that Iran has violated it. A poll this year reveals that70% of Americans believe Iran already has a nuclear weapon – an astonishing accusation that the U.S. establishment has never outright articulated. But just as the Bush administration, without ever saying it, got Americans to believe that Saddam was behind 9/11, the powers that be are now doing nothing to dissuade the American public from these dangerous misconceptions about Iran. Indeed, all the actual aggressiveness is coming from Washington, in the form of sanctions and threats, and is directed against the Iranians – not the other way around.

Will the U.S. really go to war with Iran – a nation that has never attacked America, a nation that offered its support right after 9/11 in the fight against al Qaeda, a nation that would be even more unconquerable than Iraq and could become the trip wire for world conflict? Is the government going to challenge another country when it’s already in the middle of more than two wars with no end in sight? In a normal country, this would be an easier question to answer.

It is just an accepted fact that the wars and siege mentality must continue, that we cannot give up the empire lest we surrender to the terrorists. Instead, we must give away more and more of our freedoms for which we are supposedly hated. And how much longer can this charade go on? How much longer will the president be seen as the proper arbiter of life or death for all people everywhere, the judge, jury and executioner at the top of the U.S. justice system, with no territorial bounds on his power? How much longer will we deal with increasing humiliations at the airports, the rapid militarization of our police, the economy-crushing Pentagon that seems to double in size every few years, the demonization of Muslims that has become so commonplace? Will the U.S. be occupying Afghanistan nine years from now?

And it goes without saying that the U.S. government hasn’t even caught Osama bin Laden. Not that his capture would vindicate the million killed, the trillions squandered and the liberties smashed in this war. This would be obvious to people in a normal country.

But the madness will end, eventually. The bad dream that is post-9/11 America must at last give way to something else. If the people don’t get sick of it and demand that it end, or military defeat doesn’t do it, the U.S. empire will simply run out of money. Its days are numbered. It’s just tragic and sickening that many more will die before that happens.

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The Anniversary of 9/11

Washington’s Blog
September 10, 2010

Photo: Macten.

Don’t want to hear this?

Tough. Grow up.

9/11 Commissioners:

• The 9/11 Commission’s co-chairs said that the 9/11 Commissioners knew that military officials misrepresented the facts to the Commission, and the Commission considered recommending criminal charges for such false statements(free subscription required)

• 9/11 Commission co-chair Lee Hamilton says “I don’t believe for a minute we got everything right”, that the Commission was set up to fail, that people should keep asking questions about 9/11, and that the 9/11 debate should continue

• 9/11 Commissioner Timothy Roemer said “We were extremely frustrated with the false statements we were getting”

• 9/11 Commissioner Max Cleland resigned from the Commission, stating: “It is a national scandal”; “This investigation is now compromised”; and “One of these days we will have to get the full story because the 9-11 issue is so important to America. But this White House wants to cover it up”

• 9/11 Commissioner Bob Kerrey said that “There are ample reasons to suspect that there may be some alternative to what we outlined in our version . . . We didn’t have access . . . .” He also said that the investigation depended too heavily on the accounts of Al Qaeda detainees who were physically coerced into talking

• And the Senior Counsel to the 9/11 Commission (John Farmer) – who led the 9/11 staff’s inquiry – recently said “At some level of the government, at some point in time…there was an agreement not to tell the truth about what happened”. He also said “I was shocked at how different the truth was from the way it was described …. The tapes told a radically different story from what had been told to us and the public for two years…. This is not spin. This is not true.” And he said: “It’s almost a culture of concealment, for lack of a better word. There were interviews made at the FAA’s New York center the night of 9/11 and those tapes were destroyed. The CIA tapes of the interrogations were destroyed. The story of 9/11 itself, to put it mildly, was distorted and was completely different from the way things happened”

If even the 9/11 Commissioners don’t buy the official story, why do you?

Senior intelligence officers:

• Former military analyst and famed whistleblower Daniel Ellsberg said that the case of a certain 9/11 whistleblower is “far more explosive than the Pentagon Papers”. He also said that the government is ordering the media to cover up her allegations about 9/11. And he said that some of the claims concerning government involvement in 9/11 are credible, that “very serious questions have been raised about what they [U.S. government officials] knew beforehand and how much involvement there might have been”, that engineering 9/11 would not be humanly or psychologically beyond the scope of the current administration, and that there’s enough evidence to justify a new, “hard-hitting” investigation into 9/11 with subpoenas and testimony taken under oath (see this and this)

• A 27-year CIA veteran, who chaired National Intelligence Estimates and personally delivered intelligence briefings to Presidents Ronald Reagan and George H.W. Bush, their Vice Presidents, Secretaries of State, the Joint Chiefs of Staff, and many other senior government officials (Raymond McGovern) said “I think at simplest terms, there’s a cover-up. The 9/11 Report is a joke”

• A 29-year CIA veteran, former National Intelligence Officer (NIO) and former Director of the CIA’s Office of Regional and Political Analysis (William Bill Christison) said “I now think there is persuasive evidence that the events of September did not unfold as the Bush administration and the 9/11 Commission would have us believe (and see this)

• A number of intelligence officials, including a CIA Operations Officer who co-chaired a CIA multi-agency task force coordinating intelligence efforts among many intelligence and law enforcement agencies (Lynne Larkin) sent a joint letter to Congress expressing their concerns about “serious shortcomings,” “omissions,” and “major flaws” in the 9/11 Commission Report and offering their services for a new investigation (they were ignored)

• A decorated 20-year CIA veteran, who Pulitzer-Prize winning investigative reporter Seymour Hersh called “perhaps the best on-the-ground field officer in the Middle East”, and whose astounding career formed the script for the Academy Award winning motion picture Syriana (Robert Baer) said that “the evidence points at” 9/11 having had aspects of being an inside job

• The Division Chief of the CIA’s Office of Soviet Affairs, who served as Senior Analyst from 1966 – 1990. He also served as Professor of International Security at the National War College from 1986 – 2004 (Melvin Goodman) said “The final [9/11 Commission] report is ultimately a coverup”

If even our country’s top intelligence officers don’t buy the official story, why do you?

Congressmen:

• According to the Co-Chair of the Congressional Inquiry into 9/11 and former Head of the Senate Intelligence Committee, Bob Graham, an FBI informant had hosted and rented a room to two hijackers in 2000 and that, when the Inquiry sought to interview the informant, the FBI refused outright, and then hid him in an unknown location, and that a high-level FBI official stated these blocking maneuvers were undertaken under orders from the White House (confirmed here)

• Current Democratic U.S. Senator Patrick Leahy said “The two questions that the congress will not ask . . . is why did 9/11 happen on George Bush’s watch when he had clear warnings that it was going to happen? Why did they allow it to happen?”

• Current Republican Congressman Ron Paul calls for a new 9/11 investigation and states that “we see the [9/11] investigations that have been done so far as more or less cover-up and no real explanation of what went on”

• Current Democratic Congressman Dennis Kucinich hints that we aren’t being told the truth about 9/11

• Current Republican Congressman Jason Chafetz says that we need to be vigilant and continue to investigate 9/11

• Former Democratic Senator Mike Gravel states that he supports a new 9/11 investigation and that we don’t know the truth about 9/11

• Former Republican Senator Lincoln Chaffee endorses a new 9/11 investigation

• Former U.S. Democratic Congressman Dan Hamburg doesn’t believe the official version of events

• Former U.S. Republican Congressman and senior member of the House Armed Services Committee, and who served six years as the Chairman of the Military Research and Development Subcommittee Curt Weldon has shown that the U.S. tracked hijackers before 9/11, is open to hearing information about explosives in the Twin Towers, and is open to the possibility that 9/11 was an inside job

If there is bipartisan questioning of the official story, why aren’t you questioning it?

Other government officials:

• U.S. General, Commanding General of U.S. European Command and Supreme Allied Commander Europe, decorated with the Bronze Star, Silver Star, and Purple Heart (General Wesley Clark) said “We’ve never finished the investigation of 9/11 and whether the administration actually misused the intelligence information it had. The evidence seems pretty clear to me. I’ve seen that for a long time”

• Former Deputy Secretary for Intelligence and Warning under Nixon, Ford, and Carter (Morton Goulder), former Deputy Director to the White House Task Force on Terrorism (Edward L. Peck), and former US Department of State Foreign Service Officer (J. Michael Springmann), as well as a who’s who of liberals and independents) jointly call for a new investigation into 9/11

• Former Federal Prosecutor, Office of Special Investigations, U.S. Department of Justice under Presidents Jimmy Carter and Ronald Reagan; former U.S. Army Intelligence officer, and currently a widely-sought media commentator on terrorism and intelligence services (John Loftus) says “The information provided by European intelligence services prior to 9/11 was so extensive that it is no longer possible for either the CIA or FBI to assert a defense of incompetence”

• The Group Director on matters of national security in the U.S. Government Accountability Office said that President Bush did not respond to unprecedented warnings of the 9/11 disaster and conducted a massive cover-up instead of accepting responsibility

• Deputy Assistant Secretary of Defense under President Ronald Reagan (Col. Ronald D. Ray) said that the official story of 9/11 is “the dog that doesn’t hunt”

• The former director of the FBI (Louis Freeh) says there was a cover up by the 9/11 Commission

If top government officials are skeptical, why aren’t you?

Numerous other politicians, judges, legal scholars, and attorneys also question at least some aspects of the government’s version of 9/11.

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Harvard Study Finds Bisphenol A In Dental Fillings And Sealants, Media Spin Begins

Anthony Gucciardi
ShatterLimits
September 10, 2010

	It is shocking that multiple media outlets have started claiming that BPA is actually not a danger to health. Photo: Phil King.

After a new study out of Harvard Medical School revealed that dental fillings and sealants contain dangerously high levels of the deadly chemical bisphenol A (BPA), some dentists are now claiming that these fillings and sealants are still perfectly safe for use in children.

BPA is an endocrine disrupter that mimics the hormone estrogen. Consequently, has been linked to reduced fertility in men, and even receipts containing BPA can be harmful to male hormone levels when handled. BPA is found in plastics, soft drink cans, soup cans, and thousands of other packaging containers.

A recent California bill would have banned BPA in children-related items such as baby bottles and children’s toys, but was shot down on September 2nd. Connecticut, Maryland, Massachusetts, Minnesota, Vermont, Wisconsin, and Washington already have such laws.

Why then, would it be safe to have fillings and sealants in your mouth that contain this chemical? The research shows that it’s really not. Research shows that BPA levels in saliva skyrocket byaround 88 times higher than normal (and what constitutes a “normal” level of a toxic substance?) right after a dental sealing. Experts agree there is no “safe” level of exposure to BPA.

“This chemical is one that you should not be exposed to at any level,” said von Saal, Curators’ professor of biology at the University of Missouri at Columbia.

Fresh food that lasts from eFoods Direct (Ad)

This is why it is shocking that multiple media outlets have started claiming that BPA is actually not a danger to health, despite routine research proving that this gender-bending chemical is nothing to play around with.

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N.J. Watchdog Sues State Over Carbon Auction “Secrets”

Watchdog.org

New Jersey Watchdog’s battle over the “secret” records of the Regional Greenhouse Gas Initiative’s cap-and-trade auctions will be waged in a Trenton courtroom.

Investigative reporter Mark Lagerkvist filed suit against the New Jersey Department of Environmental Protection in Mercer County Superior Court for “wrongfully and knowingly” denying access.  Under the state Open Public Records Act (OPRA), Lagerkvist is asking the court to order NJDEP to release documents showing who bought what at RGGI’s auctions of carbon dioxide emission allowances.

In its first eight auctions, RGGI sold $662 million in CO-2 allowances, including $72 million in New Jersey permits.  Those costs are eventually passed along to consumers in higher electric rates.

At the auctions, utilities competed with speculators and financial heavyweights like Goldman Sachs, Morgan Stanley, Merrill Lunch and JPMorgan Chase, as reported by New Jersey Watchdog last month in an investigative report – “The Secrets Ten States & Wall Street Don’t Want You to Know.” Authorities have refused to identify auction winners and how many permits each purchased.

New Jersey Watchdog initially sought the records from RGGI, but the New York-based regional non-profit cooperative contends it is not a public agency subject to OPRA.  The next request went to NJDEP, the agency that supervises New Jersey’s participation in RGGI.

NJDEP claims it does not have the requested records – despite regulations mandating the agency to approve auction results, issue permits to winning bidders and oversee the allowance tracking system.

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Claims of Recovery But Results Nowhere To Be Found

Bob Chapman
The International Forecaster
September 9, 2020

The American public is alarmed at what they see going on. Most of them do not understand what has been done to them. The propaganda fed to them daily has them completely confused and that is understandable. They know the financial sector has been bailed out and they somehow have to pay the bill. They have been deceived and few of them want to admit it. They have been told their economy is in recovery, but improvement is nowhere to be found. Government tells them inflation is 1.6% when they know it’s certainly higher than that and has been for some time. The only beacon of light, if they can discover it, is the truth of talk radio and the Internet. Through these methods of communication the truth can be found and it is reaching all around the world.

	Between now and the end of February gold and silver should do very well.

The American and European banking sectors are generally insolvent and have been so now for a few years. Almost every day there are bank mergers you never hear about and more than 110 banks have gone under so far this year. Thousands of bank branches have disappeared and many unceremoniously have had name changes. The key to banking today is to carry two sets of books. One for the good assets and the other for the bad assets, as sanctioned by the Bank for International Settlements, the BIS, the governments in the US and Europe and the FASB. Most assets are marked to model, which means the bank determines their value arbitrarily, because no visible market exists for the assets. The bookkeeping is a travesty. The idea is to not let the public know how difficult and irreparable the situation really is. It is admitted that 829 banks are on a problem list, but that is just the tip of the iceberg. Failures should accelerate during the coming year. This loss of trust in the system is going to take its toll. Confidence will continue to wane as more and more pressure is brought up to bear versus dollar, which in turn will force gold higher, as it continues to reassert itself as the world’s only real currency. In the end it will spell failure for dollar denominated assets. That will finally bring recognition that the system has failed. This will bring great pressure on the banking system and some major banks will fail. This is why only enough cash should be kept in banks for three months expenses, or six months for businesses and in your safe at home along with your gold and silver coins and weapons, you should have $5,000 in small bills, for emergencies.

It is important to remember that this is part of a plan to nationalize the American banking system, so that it fits into the new National Socialist structure – the corporatist structure that members of the Council on Foreign Relations, the Trilateralists and the Bilderbergs have planned for us. This national banking system is to be the key to future World Government, or a New World Order.

As that effort moves forward the Fed is just short of two years of zero interest rates, a policy that they cannot easily change. If they raise rates at this juncture or stop increasing money and credit the bottom will fall out of the economy. These are the only methods they have of keeping the system alive. The Fed struggles to keep the ship afloat knowing this may be the last time this Band-Aid solution will work. The bubbles that were created, like in real estate, is in its fifth year of decline. Next will be bonds, the stock market and with them insurance companies and retirement plans. Looking at the scene objectively everything the Fed has thus far done has been a failure. A good part of the public is aware of all this and they seethe with anger. Just consider all the unemployed over 40, who will never have a job again and if they do become employed the wage will be ½ to 1/3 of what they once earned. We get letters every day describing the plight of the average American.

Bailing out the financial system hasn’t worked. The loans and special deals have only covered up the crimes these corporations were involved in and allowed them to escape bankruptcy, which they so richly deserve. There is no other way to describe what has transpired in the financial community than welfare for the mega rich. What is worse is that they go right on looting the public as if nothing has happened.

That brings us to the antithesis, which is gold.

We are sure you all remember the supposed swap of 349 tons of gold between commercial banks and the BIS, the Bank for International Settlements. Commercial banks usually work through central banks that represent them at the BIS; thus, this was an unusual procedure, only discovered when someone picked up a footnote in the BIS statement. Making the event more sinister was that there were no BIS official announcement and that the BIS refused to name the banks involved. This is similar to the Fed refusing to divulge to whom they lent $12.8 trillion. We believe these swaps terminate in January, so we anxiously wait to see what the conclusion will be. Will the gold be redeemed or will it become the property of the BIS, or will the swap terms be extended? We guess the real question is were those who did the swap gold bullion banks? Was the public sale of gold by the IMF a factor? Remember the IMF swore they would never dump gold on the open market, but yet they did just that. Adding to the mystery is that the BIS have seldom used gold swaps in recent years. Due to the secrecy involved we tilt toward a billion-bank bailout. In addition we saw fully qualified buyers rejected and gold sold into the market by the IMF. There can be only one reason for that and that is gold price suppression. As it has turned out every time the IMF sells the Russians go into the market and buy it. We also remember a similar episode in the late 1990s when Gordon Brown, the British Treasury Secretary, sold off half of England’s gold at about $275.00 an ounce to bail out London bullion banks.

For those who have an interest in gold they should be paying close attention to gold and silver shares. As of late they have been moving up strongly. Some eight to 20 percent depending on which indicator you watch. The tenor of the market has changed decidedly over the past several months. We could well be experiencing a renewal of share influence. Up until our government decided to manipulate gold and silver, bullion, share prices always led bullion.

We believe this renewal is being led by several factors. The triumph of gold as the only world currency as witnessed over the past 16 months; the use of massive amounts of money and credit in QE1, and now at the beginnings of QE2, which will have equally bad results; trillions of dollars being stolen by those in and around government; the realization that gold and silver production have fallen; the lack of affect of massive naked net shorts in the bullion pits and the LBMA and Comex and the multitude of naked shorts in the shares, all of which have failed to deter higher prices. Higher inflation is on the way, thus $1,600 gold looks very probable this year and $3,000 next year.

Historically September sees higher gold prices 81% of the time. Between now and the end of February gold and silver should do very well. Silver is poised to soon break out to $25.00 or higher. We are also about to see a parting of the ways in gold and silver versus commodities, just like we began to see between the US dollar and gold. In the future gold and silver will be assisted by a major fall in confidence in the Federal Reserve, which is already underway. Their failure to produce a recovery with $2.5 trillion that they injected into the system, along with the administration, has not sat well in the business world. Now the Fed is beginning another $2.5 trillion rescue, which may end up being $5 trillion. Monetary expansion and monetization means higher inflation, which means higher gold and silver prices. As you see in this issue the administration is going to mark mortgages to the market and rewrite new loans. That will add to more monetary expansion. In fact it may be part of the QE2. Word is that this program could put $50 billion into consumer’s hands to spend, which the taxpayer would be on the hook for. We also estimate, even with the programs, 40% to 50% would go into foreclosures.

Rumors reach us that Bank of America was in serious trouble in July and had the Fed not poured in funds the bank would have failed. We described earlier in the year why BofA had such problems; it had been a dumping ground for the Fed. It now looks like the bank may be dismembered with the biggest and best pieces going to JPM and GS.

We are also getting disturbing reports that some kind of secret rules regarding gold and silver bullion. It seems that naked shorting has become a major problem. It may be the only way they can neutralize the problem; and that is to seize bullion accounts to cover their shorts. We are sure holders will be compensated, but they’ll lose their positions and have to buy them back somehow. We just saw the Swiss government and the banking community rollover for imperial America, so it is conceivable that they would pull something like this. Forewarned is forearmed. That is why we always recommend taking physical delivery if possible. All banks and governments are no longer to be trusted.

Second quarter GDP was 1.6%, we had predicted 1.5% months ago. As we forecast the third and fourth quarters will be dreadful, probably between minus 1 and plus 1. The quantitative easy is not coming fast enough; banks finally trying to lend to small and medium businesses, which create 70% of the jobs has had only moderate success and the new US government mark-to-market bailout of mortgage holders won’t affect the market until next year. Adjusting payments by bringing loans down will push $50 billion into the economy will only create more debt and still 40% to 50% of homeowners will fall into foreclosure. Without jobs there can be no solution.

Worse yet, corporate earnings for 2011 should be flat.

Unemployment still is going nowhere although recent numbers on the face were not all that bad. Of the 67,000 in job growth 10,000 was the result of the end of a construction strike. A figure government loves to hide is those forced into part-time employment by an additional 331,000, which certainly keeps the figure close to 10 million. In case you didn’t notice all the gains were part-timers – hours worked were flat. Manufacturing lost 27,000 jobs. In April the diffusion index was 68 and in August it was 53. Probably the most important figure of all U6 rose in August to 16.7% from 16.5% in July, as real unemployment after taking out the birth/death ratio rose again to 21-3/8%. This news should keep wage increases flat to slightly higher.

Retail was all over the place in distortion. There were jobless benefits that were released to those that had previously been cut off, and there were 17 states implementing tax holidays that added 2% to overall sales.

The Conference Index fell to 24.9 in August from 26.4 in July. We won’t quote the ISM manufacturing Index because we do not believe it. It was statistically impossible for it to be where it was reported to be. All employment increases were in the private service sectors in health and education, which was statistically impossible as well. We find no confusion, just more lies. The economy is slowing and it’s as simple as that. Productivity was dismal at a minus 1.8%; normal is plus 2.5%. This will negatively affect profit margins as labor costs grow 1.1% and that will force up prices and inflation. As far as GDP growth is concerned we are back to the last quarter of 2008 and the first quarter of 2009 officially. Who knows what the real numbers are. The momentum is gone and if it is to be regained QE2 had best come fast and furious. The loss of traction is now close to where it was when Lehman was destroyed, but 20% to 40% higher than other unfortunate events took place. The difference is the slowdown has been stealth and there has been no panic and no negative events. Such an event would bring the economy down to some of the worst levels in the last dozen years.

After seeing new home sales on an adjusted seasonal basis we suspect they are not correct. The unadjusted numbers fell 7% and that is hard to reconcile. We see no shift in direction. The coming mortgage giveaway will only delay the inevitable for a year or two. It is certainly no solution. Coming in September it amounts to cheap political pandering at the expense of all American taxpayers.

Business sees what we see and it does what it has to do to stay alive. You might call it a state of neutrality as business again dries up and more small and medium-sized businesses fall by the wayside. Owners are sick and tired of more regulations and taxes and idiotic car and appliance programs that do not work. They just steal future sales. The passing of the healthcare reform with onerous rules, additional taxes and confusion haven’t helped. The disagreements over the extension of the Bush tax cut renewals don’t help, especially with the President vowing to kill them. Then how dumb can rewriting underwater loans be? It’s just another temporary solution to aid the financial sector. Most small businesses will pay the fine and opt out of health care for employees completely, leaving valued employees at the mercy of the government and socialized medicine, as 25% of doctors, dentists and other professionals either retire or leave the country. We saw the same thing happen in England in the 1950s. Why would businesses expand and hire under these woeful circumstances? They know real growth is zero.

We know tariffs on goods and services would turn everything around, but our House and Senate have been purchased by the New World Order crowd that want America and Europe on their knees financially and economically so the public will be forced to accept a corporate fascist world government. Free trade, globalization, offshoring and outsourcing have been in full swing for 20 years and the damage done to the American economy has been incalculable. The only way the system can be saved before it crashes is for the system to be purged. The financial sector and others have to be allowed to go into bankruptcy and if they are not eventually chaos and revolution will ensue. Yes, we know that financial sector controls the government, so won’t voluntarily allow that to happen. That is why the November election is so important. All the incumbents have to be swept from Congress. Even removing half of these purchased criminals would give us a chance to heal the system. Without that there is little hope of a positive solution. At least you have been forewarned and at least you can protect what assets you have left by being invested in gold and silver related assets. It is all a sad commentary on our country and its citizens.

In addition, we found it illuminating that Sir Alan Greenspan, an Illuminist, is working with the Paulson Group advising them on monetary matters, money supply and gold prices. This is the same elitist who got us into this mess in the first place, at the direction of his controllers. Quantitative easing one and now quantitative easing 2 should cause inflation to surge and in that process gold and silver will surge as well. That has to be a reason why Greenspan is selling his services. That is to make sure Paulson understands the relationship created by the Fed, which is the creation of massive amounts of money and credit, overall monetary policy, inflation and hyperinflation and the prices of gold and silver.

The bottom line is the Illuminists, the Fed and Greenspan are advocating purchasing gold. The Fed as we have said so often has no other alternative but to reflate. This is the final stamp of approval on designating gold the only real world currency, which we have strongly forecasted for the past 16 months. They realize they have lost control of the dollar, finances and the economy. Gold is reassuming its rightful place as the only world currency.

Obama to Ask Congress to Pass $100 Billion Research Tax Credit

http://www.bloomberg.com/news/2010-09-06…

Obama to Propose Tax Write-Off for Capital Investments allowing businesses to deduct from their taxes through 2011 the full value of qualified capital investments.

http://www.nytimes.com/…

U.S. to Deploy Broader Mortgage Aid – mortgage balances for homeowners that owe more than their homes are worth.

Officials say between 500,000 and 1.5 million so-called underwater loans could be modified through the program, the first initiative to target homeowners who are current on their mortgage payments but are at risk of default because they have no equity in their homes.

http://online.wsj.com/…

Obama to Link Tax Plan, Hiring With the job market stuck in neutral, the Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers, administration and congressional officials said Friday.

William C. Dunkelberg, chief economist for the National Federation of Independent Business, said small business doesn’t need another tax cut and that allowing the money to stay in the hands of consumers including by extending all the Bush tax cuts is what will ultimately help the economy recover.

“History shows that letting Washington have the money and spend it is very ineffective,” he said. “If you give a small biz guy $20,000, he’ll say, ‘I could buy a new delivery truck, but I have nobody to deliver to.’ ”

http://online.wsj.com/article/…

A combative President Barack Obama rolled out a long-term jobs program Monday that will exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans’ hard economic times.

GOP leaders instantly assailed Obama’s proposal, and many Democrats will likely be reluctant to approve additional spending and higher federal deficits just weeks before elections that will determine control of Congress. That left the plan with low odds of becoming law this year.

http://www.chron.com/disp/story.mpl/ap/top/all/7188626.html

It appears that Obama’s latest Stimulus scheme is a political gambit that tries to get Republicans to vote against small business tax cuts. But there have already been several small biz tax cuts that have produced zilch. The plan will have little to no effect on the economy in coming months because businesses still see the record tax hike that will appear in four short months.

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The BLS increased Birth/Death Model jobs to 115k vs. 98k last August. This is ludicrous and has been the prime ruse that the BLS has exploited to overstate job growth for years.

http://www.bls.gov/web/empsit/cesbd.htm

Another dubious fact in NFP is the 19k job gain in construction. 10k workers returned from strike. Part time workers for economic reasons soared by 331k. Working one hour per week counts as employment according to the BLS…Full-time employment tanked 254k per the Household Survey. According to the BLS, 331,000 Americans were forced to downgrade their employment status to part-time or some chunk of them would have lost their jobs.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 331,000 over the month to 8.9 million. [This is a sign of econ weakness.]

If the ISM and Chicago PMI are so great and its employment component was so great why did August manufacturing jobs decline 27k vs. the expected gain of 10K? And why did stocks rally on negative manufacturing employment, when it rallied on ISM employment strength?

John Williams: The ability to play monthly games with seasonals, the nature of assumptions in the handling of hard data and revisions to same, and a 95% confidence interval of +/- 129,000 jobs around the reported payroll number change, provide significant reporting leeway should someone choose to target payroll reporting in the context say of consensus expectations tied to the financial markets, or of related media hype that could impact public political perceptions.

http://www.shadowstats.com

Please understand what John Williams is saying. Statistically, the confidence or accuracy of the employment report is 95% according to the BLS. This means any variance within +/-129k jobs is within the statistical margin of error.

Protection of money market investors at risk Investors in loss-making money market funds are less likely to be bailed out by fund sponsors in the future, increasing the risks of a run on the $5,000bn (£3,247bn, €3,896bn) sector, according to Moody’s, the ratings agency.

Justin Meadows, chief executive of the MyTreasury trading platform: “To be perfectly frank, neither the funds or their parents are prepared to wear the risk [of implicit guarantees] any more.”

One senior industry figure concurred, saying: “The bills are becoming bigger and bigger. $2.9bn is a big cheque and you wonder how long people are going to go on like this. “But the role that money market funds play in financing the economy is substantial. We are the ones that swallow all the short-term paper.” http://www.ft.com/cms…

Banks Bought Bonds Amid Debt Crisis Even as Europe’s sovereign debt crisis intensified early this year, banks continued to load up on debt from Greece and other countries with the most acute fiscal problems, according to a report released Sunday that also suggested that the European Central Bank inadvertently encouraged institutions to increase their risk.

http://www.nytimes.com/2010/09/06/…

Fury Over Public Pensions Sparks Lawsuits – Several state and local retirement funds have balked at disclosing the pensions of individual government workers, triggering lawsuits that claim taxpayers have the right to such information.

http://online.wsj.com/article/…

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