Signs of the Times News for Tue, 14 Oct 2008

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SOTT Focus

Wonderland Economics: Bailouts balloon, markets crash, the dollar strengthens and gold does nothing

Donald Hunt & Simon Davies
SOTT.net
Mon, 13 Oct 2008 08:14 UTC

Summary: In a week defined by unprecedented government bailouts and collapsing stock markets all financial logic flew out of the window as the US dollar strengthened and gold hardly budged leading many to speculate as to the extent of the rigging of the global gold market in the face of its purported safe haven status.

The announcement, Monday 13th October, that the British government is to take substantial stakes in 2 major UK banks, HBOS and Royal Bank of Scotland and the proposal in the US that the Fed is to take similar stakes in US banks while providing guarantees of bank's senior debt, caused the markets to rally. This despite the fact that it should be clear to anybody that the US is going way beyond bailing banks out and is in fact transferring the future wealth, in the form of future labour and taxation, of ordinary American's into the hands of a tiny financial elite.

Additionally, following the G7 meeting at the weekend it was announced that central banks around the world would provide unlimited US dollar funding to the markets in order to ensure sufficient liquidity is available at all times.

Amid this turmoil the auction of Lehman Brothers bonds at just 8.825 cents on the dollar, resulting in Credit Default Swap payout this coming week of 91.375 cents on the dollar by all sellers of Lehman CDS's, a devastating payout for the sellers, passed almost silently.

Joe Quinn
Sott.net
Wed, 08 Oct 2008 20:05 UTC

The arrest in Yemen this week of a group of "Islamist militants" has provided more evidence that the Israeli government and its associated agencies are still hard at work fabricating "Islamic terrorism" for the enthrallment of the 'educated' masses back home and in the 'enlightened' West:

Yemen seizes 'Israel-linked' cell

Tuesday, 7 October 2008
BBC News

Yemeni President Ali Abdullah Saleh has said the security forces have arrested a group of alleged Islamist militants linked to Israeli intelligence.

Mr Saleh did not say what evidence had been found to show the group's links with Israel, a regional enemy of Yemen.

The arrests were connected with an attack on the US embassy in Sanaa last month which killed at least 18 people, official sources were quoted saying.

Israel's foreign ministry has rejected the accusation as "totally ridiculous".

"A terrorist cell was arrested and will be referred to the judicial authorities for its links with the Israeli intelligence services," Mr Saleh told a gathering at al-Mukalla University in Hadramawt province.

"Details of the trial will be announced later. You will hear about what goes on in the proceedings," he added.

The 17 September attack was the second to target the US embassy since April. Militants detonated car bombs before firing rockets at the heavily fortified building.

Mr Saleh did not identify the suspects, but official sources were quoted saying it was same cell - led by a militant called Abu al-Ghaith al-Yamani - whose arrest was announced a week after the attack.

An Israeli foreign ministry spokesman said the Yemeni president's statement was without foundation.

"To believe that Israel would create Islamist cells in Yemen is really far-fetched. This is yet another victory for the proponents of conspiracy theories," Igal Palmor said in remarks reported by AFP.

Is it really "far fetched" to believe that Israel would fabricate Islamic terrorist attacks? After all, is it not true that Islamic terrorism is Israel's 'bread and butter', without which Israel would stand naked, for all the world to see, as the brutal occupier that it is? And is the same not true of the US and British governments?

Lest we forget the past, and the very recent past at that, below are a collection of mainstream news reports that leave us in little doubt that Israel (closely followed by the US and UK) has its fingers all over "Islamic terrorism" in the Middle East.

Update: Clear and Present Danger

SoTT Editors
Signs of the Times
Mon, 06 Oct 2008 20:43 UTC

The one thing that's been proven is the absolute fear-mongering that's being used to drive us is false. I've seen members turn to each other and say if we don't pass this bill, we're going to have martial law in the United States. -- Rep. Brad Sherman, October 1, 2008

We've had a bad feeling these past several years, as those of you who have read these pages may know, that the Iraq disaster wasn't so much a resource grab or to encircle Iran and Russia, nor just to protect Israel, but something more sinister: training soldiers to be mindless killers so that when they're brought back home they would have no problem killing their fellow citizens when martial law is declared and the cow pies really hit the fan.

Best of the Web

Resignation letter from the McCain/Palin Campaign

Robyn Crane
OpEdNews
Mon, 13 Oct 2008 08:39 UTC

YES WE CAN'T! WE ARE PUTTING OUR COUNTRY FIRST AND SUSPENDING OUR CAMPAIGN FOR GOOD!

My Friends,

Over the past few days I have come to realize that my campaign for President has devolved into a national disgrace. The negative campaign tactics I have unleashed are dangerously dividing our country while fueling religious and racial hatred along socio-economic lines. In my ruthless attempt to win the Presidency at any cost I have abandoned any principles of decency I once had and am now only a shadow of my former self to everyone who knows me or thought they knew me, or once respected me. Also I have come to realize that my unfair and disgustingly false attacks on Senator Obama's character, which were thinly disguised attempts to link him and his wife Michelle to Muslim terrorists, have been the last thing anyone who claims to be putting "Country First" would do. And worse, I may have even placed him and his family in danger from the radical and dangerous extremists who now inhabit and infect the base of my party - a group I once denounced but decided I needed to vigorously cultivate by turning myself into a "flip-flopper" in order to win this election. I encourage my fellow Senators to file ethics charges against me for having done something so disgraceful like this.

Save us, Lord, from a Palin White House

Harry Bruce
The Nova Scotian
Mon, 13 Oct 2008 15:24 UTC

U. S. vice-presidential candidate Sarah Palin - the winking, nose-wrinkling, unblinking bombshell from downtown Wasilla, Alaska - has talked openly about the coming "Palin and McCain administration." She also referred to John McCain as "my running mate."

That's a term that Jake Tapper of ABC News says he doesn't "recall ever hearing a VP nominee use when discussing the guy at the top of the ticket."

Mark Karlin
BuzzFlash.com
Thu, 09 Oct 2008 18:39 UTC

If a group of people conspires to seize control of the American Government in order to accomplish an agenda to force an extremist theology on U.S. citizens, a religious belief that views the presidency as a necessary step in advancing "end times," isn't this treason?

We think so.

While the mainstream media has been preoccupied with regurgitating - for the third time this year - discredited assertions about a '60s radical turned esteemed educational professor and Barack Obama, it hasn't given any notice to the extreme branch of Dominionism that Sarah Palin adheres to.

Perhaps the "you betcha'" and "pit bull with lipstick" folksiness veneer makes it hard to accept that Palin is part of a rebel cult aimed at taking control of the U.S. government in the name of advancing Armageddon. It is kind of hard to think of the VP candidate that Republicans touted at the GOP convention with buttons as "The Hottest VP from the Coolest State" as a Manchurian candidate, but who are you going to believe, Palin or the evidence?

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