I would also read this article at WhatReallyHappened.com which refers to the current swine flu "epidemic":
There is no vaccine known to the public for this particular virus. There are vaccines for related viruses thought to possibly be effective, but this is unreliable information. In response to the problems of the 1976 Swine Flu vaccine which caused neurological damage in patients as well as the more recent Baxter scandal in which live H5N1 virus was mixed in with vaccine materials, the government of Sweden has advised their population NOT to obtain vaccinations at this time. As was demonsterated in the 1976 case, the decision to force vaccines on the public are often made more from a commercial for-profit concern than what is actually best for the population.
In the 1976 Swine Flu outbreak, the vaccine killed fifty times as many people as the flu did!
If the Government of Sweden is advising its people not to take the shots then no one should be forced to take them. Considering the recent history of the Baxter company that is involved with the vaccine program, I'd be very cautious about letting anyone stick me with their concoction. Furthermore, if it is shown that they are using a mercury based preservative, like Thimerosal, then there's no way anyone should risk neurological damage. This whole thing stinks.
[Posted at the SpookyWeather blog, July 16th, 2009.]
Thursday, 16 July 2009
Video: Swine Flu 1976 & Propaganda - The Devastation, The Victims Who Took The Shots ...
Ex-FBI Agent: Why I Support a New 9/11 Investigation
In the absence of my being there in New York City to stand with the 9/11 families, first responders and survivors, I offer the following statement in support of your goal of a new investigation into the attacks of September 11th and the NYC CAN campaign to place it on the ballot for November.
-------------------------------------------------
After 9-11, with the knowledge I had of the bitter internal dispute inside the FBI that was being hushed up but had kept some of our better agents from possibly uncovering more of the 9-11 plot before it happened, I couldn’t forget two of the slides in that Law Enforcement ethics curriculum: “DO NOT: Puff, Shade, Tailor, Firm up, Stretch, Massage, or Tidy up statements of fact.” And “Misplaced Loyalties: As employees of the FBI, we must be aware that our highest loyalty is to the United States Constitution. We should never sacrifice the truth in order to obtain a desired result (e.g. conviction of a defendant) or to avoid personal or institutional embarrassment.”
http://rawstory.com/blog/2009/07/ex-fbi-agent-why-i-support-a-new-911-investigation/comment-page-2/#comment-16651
[Posted at the SpookyWeather blog, July 16th, 2009.]
-------------------------------------------------
After 9-11, with the knowledge I had of the bitter internal dispute inside the FBI that was being hushed up but had kept some of our better agents from possibly uncovering more of the 9-11 plot before it happened, I couldn’t forget two of the slides in that Law Enforcement ethics curriculum: “DO NOT: Puff, Shade, Tailor, Firm up, Stretch, Massage, or Tidy up statements of fact.” And “Misplaced Loyalties: As employees of the FBI, we must be aware that our highest loyalty is to the United States Constitution. We should never sacrifice the truth in order to obtain a desired result (e.g. conviction of a defendant) or to avoid personal or institutional embarrassment.”
http://rawstory.com/blog/2009/07/ex-fbi-agent-why-i-support-a-new-911-investigation/comment-page-2/#comment-16651
[Posted at the SpookyWeather blog, July 16th, 2009.]
'The Select Few' Are Cashing in: Shocking Corruption at the Washington Post
If you want to know what really matters in Washington, don't go to Capitol Hill for one of those hearings, or pay attention to those staged White House "town meetings." They're just for show. What really happens -- the serious business of Washington -- happens in the shadows, out of sight, off the record. Only occasionally -- and usually only because someone high up stumbles -- do we get a glimpse of just how pervasive the corruption has become.
Case in point: Katharine Weymouth, the publisher of The Washington Post -- one of the most powerful people in DC -- invited top officials from the White House, the Cabinet and Congress to her home for an intimate, off-the-record dinner to discuss health care reform with some of her reporters and editors covering the story.
But CEOs and lobbyists from the health care industry were invited, too, provided they forked over $25,000 a head -- or up to a quarter of a million if they want to sponsor a whole series of these cozy get-togethers. And what is the inducement offered? Nothing less, the invitation read, than "an exclusive opportunity to participate in the health-care reform debate among the select few who will get it done."
The invitation reminds the CEO's and lobbyists that they will be buying access to "those powerful few in business and policy making who are forwarding, legislating and reporting on the issues...
"Spirited? Yes. Confrontational? No." The invitation promises this private, intimate and off-the-record dinner is an extension "of The Washington Post brand of journalistic inquiry into the issues, a unique opportunity for stakeholders to hear and be heard."
Let that sink in. In this case, the "stakeholders" in health care reform do not include the rabble -- the folks across the country who actually need quality health care but can't afford it. If any of them showed up at the kitchen door on the night of this little soiree, the bouncer would drop kick them beyond the Beltway.
http://www.alternet.org/politics/141258/%27the_select_few%27_are_cashing_in%3A_shocking_corruption_at_the_washington_post/?page=entire
This is corporate America at work, the establishment way of doing things.
The bottom line is that the people always come second to corporate self interests and the mainstream media, which is also corporatised, cannot be trusted to tell the truth about what is going on.
[Posted at the SpookyWeather blog, July 16th, 2009.]
Case in point: Katharine Weymouth, the publisher of The Washington Post -- one of the most powerful people in DC -- invited top officials from the White House, the Cabinet and Congress to her home for an intimate, off-the-record dinner to discuss health care reform with some of her reporters and editors covering the story.
But CEOs and lobbyists from the health care industry were invited, too, provided they forked over $25,000 a head -- or up to a quarter of a million if they want to sponsor a whole series of these cozy get-togethers. And what is the inducement offered? Nothing less, the invitation read, than "an exclusive opportunity to participate in the health-care reform debate among the select few who will get it done."
The invitation reminds the CEO's and lobbyists that they will be buying access to "those powerful few in business and policy making who are forwarding, legislating and reporting on the issues...
"Spirited? Yes. Confrontational? No." The invitation promises this private, intimate and off-the-record dinner is an extension "of The Washington Post brand of journalistic inquiry into the issues, a unique opportunity for stakeholders to hear and be heard."
Let that sink in. In this case, the "stakeholders" in health care reform do not include the rabble -- the folks across the country who actually need quality health care but can't afford it. If any of them showed up at the kitchen door on the night of this little soiree, the bouncer would drop kick them beyond the Beltway.
http://www.alternet.org/politics/141258/%27the_select_few%27_are_cashing_in%3A_shocking_corruption_at_the_washington_post/?page=entire
This is corporate America at work, the establishment way of doing things.
The bottom line is that the people always come second to corporate self interests and the mainstream media, which is also corporatised, cannot be trusted to tell the truth about what is going on.
[Posted at the SpookyWeather blog, July 16th, 2009.]
Private Rocket Successfully Puts Satellite In Orbit for the First Time
It may not be as exciting as the Apollo 11, but I do find exciting that SpaceX has put a commercial satellite in orbit for the first time, launching a Falcon I rocket from the Marshall Islands.
SpaceX launched a Malaysian satellite into orbit using the two-stage Falcon, a rocket developed and built from scratch by the company. The satellite, called RazakSAT, is designed to take high resolution pictures of Malaysia.
If all goes as planned, SpaceX will soon deliver material to the International Space Station in the future. [SpaceX]
http://gizmodo.com/5314443/private-rocket-successfully-puts-satellite-in-orbit-for-the-first-time
[Posted at the SpookyWeather blog, July 16th, 2009.]
Wednesday, 15 July 2009
President Obama & Prime Minister Brown; the Reason we are Fighting in Afghanistan, to stop Terrorism, is a LIE. Send the Troops Home Now !
Recently President Barack Obama & British Prime Minister Gordon Brown have increased troop numbers to fight the "real" war on terror against the Taliban in Afghanistan. At present Western troops are taking casualties whilst the inflicting losses on both the insurgents and innocent civilians who have invariably been caught up in the fighting.However this War in Afghanistan is totally unnecessary. It is as much a sideshow war as the travesty we have witnessed in Iraq. The basic claim that we are fighting the Taliban to stop the terrorists is completely flawed. It is a bogus claim. At present Western forces are being sent over there to be killed for a lie.
In actual fact there are 4 fundamental reasons why the official rationale of fighting the Taliban supporters of Al Qaeda/Bin Laden does not make any sense:
1. The Taliban are not, and were not, uncompromising hardcore supporters of Osama Bin Laden. The Taliban actually offered to hand over Bin Laden before and after the attacks of September 11. Arrangements were made to have Bin Laden killed. However, these negotiations appeared to have been botched from the Western side of the equation in both instances.
2. Following on from the first point, there is a definite distinction between the fundamentalist rulers of Afghanistan and the Al Qaeda criminal organisation. The real target of Western security services should have been an international criminal organisation, not an entire country. The two groups are not synonymous with each other.
3. According to the FBI there is no evidence linking Bin Laden to the September 11 attacks -- which is part of the reason why the Taliban never handed over Bin Laden over in the first place. For all those individuals whose countries are fighting in Afghanistan for reasons relating to 911 you should note that Bin Laden's video tape confessions to 911 have been exposed as fakes. Furthermore the "confessions" of other suspects in the 911 murders are completely unreliable. Alleged 911 mastermind, Khalid Sheikh Mohammed, is on record saying that he made up stories to stop the torture. Because such confessions were gained under torture they cannot be used in a US court- which is the reason why the FBI has not included the 911 crime on Bin Laden's entry at their "Most Wanted" webpage. Osama Bin Laden is wanted for the bombings of the two US embassies in Africa, but not for the attacks of September 11.
4. Bin Laden has been DEAD since at least early 2002 and there is no real Al Qaeda danger other than the fake threats conjured up by Western Intelligence services designed to prolong the military industrial complex's War on Terror. There are real fundamentalists but they do not operate outside their own countries. We in the West are actually fighting against the Taliban resistance levelled against the foreign occupiers and their proxy government in Kabul.
In summary, there is NO REASON for Western forces to be fighting in Afghanistan other than to support the puppet regime of Mohammed Karzai and to protect human rights in areas under coalition control. If we are going to stay over there, to protect human rights, then it's all or nothing. The question is whether such a humanitarian action is worth the lives of our soldiers.
Point of fact: we are NOT actually over there fighting verses an Al Qaeda menace which is what the intelligence chiefs will say. These people know better and are lying to the public.
Way back in late 2001 there wasn't any justifiable reason to invade the country and there is still little reason to be over there now. Admitting past errors would be a good start in making preparations to leave. Plans for a negotiated peace need to be enacted immediately. At present we are seeing the continuation of a cruel fiction, a War on Terror, that is needlessly killing more and more soldiers and civilians alike. The war in Afghanistan must end.
By Spookypunkos
[Posted at the SpookyWeather blog, July 15th, 2009.]
The Economy Is Even Worse Than You Think
The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad.
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.
http://online.wsj.com/article/SB124753066246235811.html
[Posted at the SpookyWeather blog, July 15th, 2009.]
The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.
http://online.wsj.com/article/SB124753066246235811.html
[Posted at the SpookyWeather blog, July 15th, 2009.]
Tuesday, 14 July 2009
13 Doctors Demand Inquest into Dr David Kelly's Death
The death of Government scientist David Kelly returned to haunt Labour today as a group of doctors announced that they were mounting a legal challenge to overturn the finding of suicide.
Dr Kelly's body was found six years ago this week in woods close to his Oxfordshire home, shortly after he was exposed as the source of a BBC news report questioning the grounds for war in Iraq.
Unusually, no coroner's inquest was held into his death.
The only official verdict has come from the Hutton Inquiry, commissioned by Tony Blair, which concluded that Dr Kelly, 59, died from loss of blood after cutting his wrist with a blunt gardening knife.
Critics regarded the report as a 'whitewash', and Mr Blair remains acutely sensitive to the accusation that he has 'blood on his hands' over the scientist's death.
http://www.dailymail.co.uk/news/article-1199109/13-doctors-demand-inquest-Dr-David-Kellys-death.html
[Posted at the SpookyWeather blog, July 14th, 2009.]
Dr Kelly's body was found six years ago this week in woods close to his Oxfordshire home, shortly after he was exposed as the source of a BBC news report questioning the grounds for war in Iraq.
Unusually, no coroner's inquest was held into his death.
The only official verdict has come from the Hutton Inquiry, commissioned by Tony Blair, which concluded that Dr Kelly, 59, died from loss of blood after cutting his wrist with a blunt gardening knife.
Critics regarded the report as a 'whitewash', and Mr Blair remains acutely sensitive to the accusation that he has 'blood on his hands' over the scientist's death.
http://www.dailymail.co.uk/news/article-1199109/13-doctors-demand-inquest-Dr-David-Kellys-death.html
[Posted at the SpookyWeather blog, July 14th, 2009.]
TIM GEITHNER REFUSES TO ANSWER BRAD SHERMAN'S QUESTION!!! SUPPORT H.R. 1207 AUDIT THE FED
The key point to remember is that the high risk failures of the big banks were covered by taxpayer the last time around, and Geithner's non-answer seems to indicate that the risk taking is continuing and that the US people are going to foot the bill again !
It is correct to say that the situation we face is one where corporate losses are socialised and the profits privatised. Such skulduggery must end. An audit of the Fed (HR.1207) will reveal much about what has been going on.
[Posted at the SpookyWeather blog, July 14th, 2009.]
Monday, 13 July 2009
Dr. Robert M. Bowman on Alex Jones TV: America Is Artificially Divided
Bowman points out that the corporate establishment doesn't give two hoots about who wins the Presidential elections since both candidates are in the pockets of the powerful. The issues that people vote for are of little concern to the corporations whose interests are maintained from Administration to Administration.
According to Dr Bowman, it is essential to break this "one party" system by exposing the crime of 911 for what it was- an inside job. Any serious investigations into September 11 will lead directly to the behind-the-scenes power structure. Bowman stresses the importance of 911 truth in bringing about real change. Check it out.
[Posted at the SpookyWeather blog, July 13th, 2009.]
Investigative Journalist Wayne Madsen on Russian TV: NSA Operation to Suppress Leaks and Information that Exposes US Government Corruption
The billion dollar budgets of the US spy agencies are not spent on nothing. A large part of intelligence monies goes to PR and media manipulation.
[Posted at the SpookyWeather blog, July 13th, 2009.]
New Study Proves Thimerosal Induces Autism-like Neurotoxicity
Excerpt of abstract of new scientific study proving that the mercurial compound used as vaccine preservative called ‘thimerosal’ induces neural damage similar to that seen in autism patients:
One would think that using a mercury based compound is a rather stupid thing to do. We know mercury is bad for the body, so why put the stuff in vaccines when an alcohol based compound can be used ?
I recommend reading the comment section at the link for additional information on this issue.
[Posted at the SpookyWeather blog, July 13th, 2009.]
http://dprogram.net/2009/07/10/new-study-proves-thimerosal-induces-autism-like-neurotoxicity/Thimerosal-induced cellular damage as evidenced by concentration- and time-dependent mitochondrial damage, reduced oxidative-reduction activity, cellular degeneration, and cell death in the in vitro human neuronal and fetal model systems studied. Thimerosal at low nanomolar (nM) concentrations induced significant cellular toxicity in human neuronal and fetal cells. Thimerosal-induced cytoxicity is similar to that observed in AD pathophysiologic studies. Thimerosal was found to be significantly more toxic than the other metal compounds examined.
One would think that using a mercury based compound is a rather stupid thing to do. We know mercury is bad for the body, so why put the stuff in vaccines when an alcohol based compound can be used ?
I recommend reading the comment section at the link for additional information on this issue.
[Posted at the SpookyWeather blog, July 13th, 2009.]
Sunday, 12 July 2009
Professor Harrit on Russian TV: Nano-Thermite Involved in the Controlled Demolition of the World Trade Centre Towers.
The 3 World Trade Centre buildings that "collapsed" on September 11 were all brought down using explosives. A REAL criminal investigation is required. 911 was an inside job.
Right at the end Professor Harrit mentions that Osama Bin Laden is not wanted by the FBI for the attacks of 911. This is true. The FBI has stated on the record that they do not have enough evidence linking Bin Laden to the crime.
[Posted at the SpookyWeather blog, July 12th, 2009.]
NSA Security Running Amok to Plug Leaks About 9/11
WMR has learned that the National Security “Q” Group, responsible for security, has grown to an immense security and counter-intelligence force, with an estimated one thousand government employees, contractors, and paid informants. NSA’s Security force is reportedly primarily tasked with plugging any leaks of classified or other information that points to U.S. government’s involvement with the terrorist attacks on September 11, 2001.
NSA Security has doggedly pursued a number of NSA employees, some in “sting” operations, others in frequent polygraphs and repeated security interviews where threats are made by thuggish NSA security agents with and without the presence of FBI agents, and others in constant surveillance operations at their homes, churches, and other locations away from the Fort Meade, Maryland, headquarters of the agency.
http://onlinejournal.com/artman/publish/article_4878.shtml
The people at the NSA who are plugging leaks about Government involvement in the 911 attacks are in violation of the US Constitution. It should be the duty of every US citizen to expose the crime and see that justice is done. The country is depending on you !
(thanks to s. for the link !)
[Posted at the SpookyWeather blog, July 12th, 2009.]
NSA Security has doggedly pursued a number of NSA employees, some in “sting” operations, others in frequent polygraphs and repeated security interviews where threats are made by thuggish NSA security agents with and without the presence of FBI agents, and others in constant surveillance operations at their homes, churches, and other locations away from the Fort Meade, Maryland, headquarters of the agency.
http://onlinejournal.com/artman/publish/article_4878.shtml
The people at the NSA who are plugging leaks about Government involvement in the 911 attacks are in violation of the US Constitution. It should be the duty of every US citizen to expose the crime and see that justice is done. The country is depending on you !
(thanks to s. for the link !)
[Posted at the SpookyWeather blog, July 12th, 2009.]
Saturday, 11 July 2009
Freedom Watch 22 - Ron Paul, Jim DeMint, Rand Paul, Peter Schiff on Ending the Fed, Free Speech, Corruption
Letter Sparks Investigation of Baxter Vaccine by New Zealand Minister of Health
The New Zealand Minister of Health, Hon Tony Ryall, has asked the Ministry of Health officials to urgently advise him on issues raised about a "swine flu" vaccine produced by Baxter International Inc. This follows his receipt of a letter raising concerns about whether vaccines produced by Baxter for "swine flu" can be trusted.
In an open letter to all members of the New Zealand House of Parliament, Penny Bright, Media Spokesperson for Water Pressure Group, a judicially recognized Public Watchdog for Metrowater, water and Auckland regional governance matters, raises a series of questions and concerns about the safety of the vaccine. She demands to know whether Baxter products are currently being used in New Zealand for the "swine flu", "bird flu" or any other type of flu.
Bright highlights the fact that Baxter is currently facing criminal charges for producing contaminated "bird flu" vaccine that date back to February of this year when it became known that the company had sent out 72 kilos of live "bird flu" virus supplied by the World Health Organization in the winter of 2009 to 16 laboratories in four countries. These charges were filed by journalist Jane Burgermeister of Austria and were exclusively reported by Natural News.
http://www.naturalnews.com/026571_Baxter_New_Zealand_health.html
There are real concerns about the vaccines and the companies that are producing them (not to mention the origin of the influenza itself). Something is seriously not right here such that any conservative, non-alternative media educated politician or criminal investigator should be worried.
Investigations and auditing is warranted. It cannot hurt considering the serious implications of "flawed" vaccinations being dealt out to huge sections of the world population.
[Posted at the SpookyWeather blog, July 11th, 2009.]
In an open letter to all members of the New Zealand House of Parliament, Penny Bright, Media Spokesperson for Water Pressure Group, a judicially recognized Public Watchdog for Metrowater, water and Auckland regional governance matters, raises a series of questions and concerns about the safety of the vaccine. She demands to know whether Baxter products are currently being used in New Zealand for the "swine flu", "bird flu" or any other type of flu.
Bright highlights the fact that Baxter is currently facing criminal charges for producing contaminated "bird flu" vaccine that date back to February of this year when it became known that the company had sent out 72 kilos of live "bird flu" virus supplied by the World Health Organization in the winter of 2009 to 16 laboratories in four countries. These charges were filed by journalist Jane Burgermeister of Austria and were exclusively reported by Natural News.
http://www.naturalnews.com/026571_Baxter_New_Zealand_health.html
There are real concerns about the vaccines and the companies that are producing them (not to mention the origin of the influenza itself). Something is seriously not right here such that any conservative, non-alternative media educated politician or criminal investigator should be worried.
Investigations and auditing is warranted. It cannot hurt considering the serious implications of "flawed" vaccinations being dealt out to huge sections of the world population.
[Posted at the SpookyWeather blog, July 11th, 2009.]
Friday, 10 July 2009
Scientists Support NYC CAN Initiative
Dear 9/11 Truth Movement Supporters,As authors of the recent mainstream scientific articles relating to events at the World Trade Center, we urge you to support a tremendous opportunity for getting the truth out about 9/11.
On Wednesday, June 24, 2009, the New York City Coalition for Accountability Now (NYC CAN) filed a petition containing 52,000 signatures calling for a referendum on the creation of a New York City independent commission to begin an investigation with subpoena power. Unlike the first 9/11 Commission, this one will consider all of the evidence, including evidence for the use of explosives in bringing down the buildings.
This is what many of us have been working toward for years. With a new commission, our scientific evidence can be used to achieve real results.
NYC CAN now needs only 20,000 more signatures to override City Council if the referendum is vetoed. If NYC CAN gets the signatures the referendum will go on the ballot, and surely New York City will vote in favor of a new investigation. Please donate now so that this new investigation can happen: http://nyccan.org/donate.php
If everyone reading this donates at least $10, or the full amount they are able, we will raise enough to not only collect the signatures, but also to launch a summer PR blitz that will ensure all of New York City will be watching if Mayor Bloomberg and City Council try to kill the effort.
There are some true heroes on the NYC CAN Executive Council, and together with them, we have never been this close to giving 9/11 Truth a real chance. This is your opportunity to alter the course of history.
Please donate now: http://nyccan.org/donate.php
Sincerely,
James Gourley, Niels Harrit, Steven Jones, Brad Larsen, Frank Legge, Gregg Roberts, Kevin Ryan
http://www.911truth.org/article.php?story=20090708163541464
Sign the petition and donate what you can ! Open the can of worms and witness what unfolds.
[Posted at the SpookyWeather blog, July 10th, 2009.]
True Unemployment Rate Already at 20%
Really, how hard is it to find a job? Was June's horrid numbers, in which 467,000 people lost their jobs compared to 345,000 in May, a one-time fluke? Or does it mean that all those Wall Street economists who believe the economic recovery is starting are dead wrong?
Not to scare you, but the situation is actually worse than it seems. Over the years, the government has changed the way it counts the unemployed. An example of this is the criticized Birth-Death Model which was added in 2000. The model is designed to account for the birth and death of businesses and the resultant lag in survey data. Unfortunately, the model doesn't work that well during economic contractions (like we have now) and consistently overstates the number of jobs being created each month.
John Williams of Shadow Government Statistics specializes in removing these questionable tweaks to the government's statistical data to better align current numbers with the methodology used to gather historical data. After reviewing the data, Williams believes that "the June jobs loss likely exceeded 700,000." David Rosenberg of Gluskin Sheff notes that the fall in the number of hours worked in June (to a record low of 33 per week) is equivalent to a loss of more than 800,000 jobs.
http://blogs.moneycentral.msn.com/topstocks/archive/2009/07/06/true-unemployment-rate-already-at-20.aspx
It's a Depression ladies and gentlemen. Prepare for the worst.
Expect the US economy and stockmarket to sink. Hard assets are key, and so too are jobs providing essential services like food, water, electricity etc.
[Posted at the SpookyWeather blog, July 10th, 2009.]
Not to scare you, but the situation is actually worse than it seems. Over the years, the government has changed the way it counts the unemployed. An example of this is the criticized Birth-Death Model which was added in 2000. The model is designed to account for the birth and death of businesses and the resultant lag in survey data. Unfortunately, the model doesn't work that well during economic contractions (like we have now) and consistently overstates the number of jobs being created each month.
John Williams of Shadow Government Statistics specializes in removing these questionable tweaks to the government's statistical data to better align current numbers with the methodology used to gather historical data. After reviewing the data, Williams believes that "the June jobs loss likely exceeded 700,000." David Rosenberg of Gluskin Sheff notes that the fall in the number of hours worked in June (to a record low of 33 per week) is equivalent to a loss of more than 800,000 jobs.
http://blogs.moneycentral.msn.com/topstocks/archive/2009/07/06/true-unemployment-rate-already-at-20.aspx
It's a Depression ladies and gentlemen. Prepare for the worst.
Expect the US economy and stockmarket to sink. Hard assets are key, and so too are jobs providing essential services like food, water, electricity etc.
[Posted at the SpookyWeather blog, July 10th, 2009.]
Unemployment, Not the Stock Market, Distinguishes a Recession From a Depression
The current plunge is structural, not cyclical. Most of the jobs lost will never come back. The real estate bubble severely distorted the economic structure. Now the world economy has a lot of rebalancing to do. And this process will last much, much longer than the “green shoots” crowd deems possible.
My suggestion for you today is to watch the stock market for hints of the beginning of the next stage of this crisis. Watch unemployment and world trade as reliable indicators of the severity of the slump.
http://www.moneyandmarkets.com/unemployment-not-the-stock-market-distinguishes-a-recession-from-a-depression-4-34602
[Posted at the SpookyWeather blog, July 10th, 2009.]
My suggestion for you today is to watch the stock market for hints of the beginning of the next stage of this crisis. Watch unemployment and world trade as reliable indicators of the severity of the slump.
http://www.moneyandmarkets.com/unemployment-not-the-stock-market-distinguishes-a-recession-from-a-depression-4-34602
[Posted at the SpookyWeather blog, July 10th, 2009.]
Thursday, 9 July 2009
Ex-US Intelligence General: 911 was a Fraud !
Among other things the General here talks about the lack of wing marks on the Pentagon walls. Surely, if a large airliner struck the Pentagon then there must have been marks on the walls similar to what was seen on the World Trade Centre towers (ie wings/engines/vertical stabiliser) ?
Although I favour the hard evidence we have from the World Trade Centre buildings, that shows explosives were used to destroy these structures, this observation should also be considered seriously.
Of course any debate as to whether a Boeing 757 hit the Pentagon could be cleared up immediately if the FBI would release some of the film they admit to having that must show the Pentagon being struck.
[Posted at the SpookyWeather blog, July 9th, 2009.]
Current Recession Is a Severe Credit Bust of Depression-Era Magnitude
There's a big difference between inventory-driven recessions and credit-driven recessions. An inventory recession is caused by a mismatch between supply and demand. It's the result of overcapacity and under-utilization which can only work itself out over time as inventories are pared back and demand builds. Credit-driven recessions are a different story altogether. They typically last twice as long as and can precipitate financial crises. The current recession is a severe credit bust of Depression-era magnitude.
The financial system has effectively melted down. The wholesale credit system (securitization) is frozen, the banking system is dysfunctional and insolvent, and consumer spending has tanked. The Fed's multi-trillion dollar lending facilities and monetary stimulus have kept the financial system from grinding to a halt, but the underlying problems still persist. Fed chairman Ben Bernanke has chosen to avoid the hard decisions and keep the price of toxic assets artificially high with the help of a $12.8 trillion liquidity backstop. That's why stocks have rallied for the last 4 months while conditions in the real economy have steadily deteriorated. Bernanke is using all the tools at his disposal to keep the market from clearing and prevent the mountain of debt that has built up over decades from being purged from the system. Unfortunately, as Ludwig von Mises said, "There is no means of avoiding the final collapse of a boom brought on by credit expansion."
http://www.marketoracle.co.uk/Article11789.html
At a fundamental level the indicators show a huge failure in the US economy which is why they are headed into Depression rather than Recession. Globally there are no good upside economic indicators except for the continued growth, at a diminished rate, in developing countries with surplus budgets.
Every country is going to suffer as the USA and parts of Europe dramatically unwind.
One point; Whitney talks about housing depreciation. However, as the general US economy fails we might see a run on the US dollar causing inflation. Combined with a stagnant economy we get Stagflation. Stay tuned to see what happens ...
If you live in the US, be prepared for big trouble !
[Posted at the SpookyWeather blog, July 9th, 2009.]
The financial system has effectively melted down. The wholesale credit system (securitization) is frozen, the banking system is dysfunctional and insolvent, and consumer spending has tanked. The Fed's multi-trillion dollar lending facilities and monetary stimulus have kept the financial system from grinding to a halt, but the underlying problems still persist. Fed chairman Ben Bernanke has chosen to avoid the hard decisions and keep the price of toxic assets artificially high with the help of a $12.8 trillion liquidity backstop. That's why stocks have rallied for the last 4 months while conditions in the real economy have steadily deteriorated. Bernanke is using all the tools at his disposal to keep the market from clearing and prevent the mountain of debt that has built up over decades from being purged from the system. Unfortunately, as Ludwig von Mises said, "There is no means of avoiding the final collapse of a boom brought on by credit expansion."
http://www.marketoracle.co.uk/Article11789.html
At a fundamental level the indicators show a huge failure in the US economy which is why they are headed into Depression rather than Recession. Globally there are no good upside economic indicators except for the continued growth, at a diminished rate, in developing countries with surplus budgets.
Every country is going to suffer as the USA and parts of Europe dramatically unwind.
One point; Whitney talks about housing depreciation. However, as the general US economy fails we might see a run on the US dollar causing inflation. Combined with a stagnant economy we get Stagflation. Stay tuned to see what happens ...
If you live in the US, be prepared for big trouble !
[Posted at the SpookyWeather blog, July 9th, 2009.]
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