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SOTT Focus

Update: Clear and Present Danger
denver mural
© Cassiopaea.org
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.
Signs Economic Commentary for 6 October 2008
Summary: The big financial bailout plan finally passed in the U.S. Congress Friday over the strong objections of the public. Will the bailout prevent the coming depression? Probably not. Mortgage securities are only a part of the problem.

The bailout plan is more than just a giveaway to the rich as represented by the big banks (although it is that). It probably is a panicked attempt to forestall the real potential crisis: a collapse of the huge, unregulated hedge funds based on derivatives and Credit Default Swaps (CDS).

Connecting the Dots: Palin Ascends, Your Savings Plummet, The World Steps Into The Twilight Zone
The art of war
© Dwayne Booth
Sleepwalking into disaster, the human race appears to have crossed the point of no return in more than one area:

- The American people are playing with fire by supporting religious extremist and political dunce Sarah Palin - and they will get burned.

- In the process they may also burn a considerable portion of the rest of the world.

- Synchronously, the financial system gets the last, gentle push over the abyss; hungry and poor people will provide lots of excuses for fascism - some will even ask for it.

- The climate is acting up, as it usually does during this time of the year, but the Sun is not behaving according to expected cycles, and together with a few clues here and there, we wonder if something in the cosmic/geophysical system has not changed for good.

Best of the Web

Flashback: The Betrayal of Adam Smith
Adam Smith on a 20 pound bill
This is an excerpt from "When Corporations Rule the World", 2nd Edition, by David C. Korten.

It is ironic that corporate libertarians regularly pay homage to Adam Smith as their intellectual patron saint, since it is obvious to even the most casual reader of his epic work The Wealth of Nations that Smith would have vigorously opposed most of their claims and policy positions.
Flashback: Nature of the Beast: the Demonic Right
© sott.net
"The demonic appears most terrible when it assumes dominance in some one person. They are not always the most admirable persons, either in mind or in gifts. But a tremendous force goes out from them, and they exercise an unbelievable power over all creatures. It is in vain that the brighter part of mankind tries to throw suspicion on them as betrayers or betrayed; the masses are attracted by them." ~~Johann Wolfgang von Goethe
America has lost its way. We are a confused nation, beset on all sides by fear and paranoia. After the orchestrated 9-11 attack on New York City and Washington D.C., and its follow-up anthrax attack on Democratic legislators, Americans of all stripes rushed en masse to George Bush's Fools' Gate to trade their morality and compassion for empty promises of security.
Incoming Asteroid - Will Hit Earth October 7
A small, newly-discovered asteroid named 2008 TC3 is approaching Earth and chances are good that it will hit. Steve Chesley of JPL estimates that atmospheric entry will occur on Oct 7th at 0246 UTC over northern Sudan [ref]. Measuring only a few meters across, the space rock poses NO THREAT to people or structures on the ground, but it should create a spectacular fireball, releasing about a kiloton of TNT in energy as it disintegrates and explodes in the atmosphere. Odds are between 99.8 and 100 percent that the object will encounter Earth, according to calculations provided by Andrea Milani of the University of Pisa. [ephemeris] [3D orbit]
 
 

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