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'Mossad Might have Infiltrated Iran with German Passports'

The German Intelligence Agency (BND) provided German passports to agents of the Israeli secret intelligence service, or MOSSAD, to facilitate operations the Middle East, reporters alleged.

The allegations raised by a former BND official found their way into the German newspaper Koelner Stadtanzieger and the Israeli daily Jerusalem Post, and imply that MOSSAD agents are disguising themselves as German citizens in order to perform their "sensitive" tasks in the Middle East.

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Our Man in Afghanistan - Nic Robertson, Gassing Dogs, Phony Terrorism and Murdering Pakistani Civilians

In an riveting display of modern technological efficency that undoubtedly thrilled the editors of Popular Mechanics magazine, last Friday, by way of a Predator Drone aircraft, the CIA fired missiles at a group of houses in a village on Pakistan's north Western border with Afghanistan. Eighteen Pakistani villagers, including women and children, were either blown to pieces, burned to death or crushed as their homes collapsed on top of them as they slept in their beds.

The official reason for the attack, as reported in the mainstream media, was to rid the world of a few more Islamic terrorists who, as White house Spokesman Scott McClelland reminded us, "continue to seek to do harm to the American people". Somehow, the murder of those eighteen Pakistani villagers means that American's are now tangibly safer.

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Iran's president lets CNN back in after network apologises

Iranian President Mahmoud Ahmadinejad has allowed CNN to resume operating in the country after the American cable news network apologised for mistakenly quoting him saying Tehran was seeking nuclear weapons, state radio reported.

During CNN's live translation of a press conference by Ahmadinejad Saturday, the president was quoted as saying that "we believe all nations are allowed to have nuclear weapons" and that the West should not "deprive us to have nuclear weapons".

The president was, however, using a Farsi word that meant "technology" and not "weapons".

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German Secret Service Issues Passports for MOSSAD

Germany's BND foreign intelligence agency has issued German passports for Israel's Mossad secret service, the daily Koelner Stadt-Anzeiger quoted a former high-ranking BND member as saying on Saturday.

According to the official, Mossad agents are using German passports during their covert operations in Middle Eastern countries.

Reacting to the news report, an unidentified BND spokesman said, "Of course we also have a cooperation with Mossad." The number of issued German passports for Mossad operatives has reportedly increased dramatically since September 11, 2001.

Mossad used also passports from Canada and New Zealand in the 1990s.

Wall Street

Signs Economic Commentary for 16 January 2006

Gold continued its rise, closing at 556.90 dollars an ounce on Friday, up 2.7% from $542.20 the Friday before. The dollar closed at 0.8236 euros on Friday, virtually unchanged from 0.8239 the week before. The euro, in turn, closed at 1.2142 compared to 1.2137 the week before. Gold in euros would be 458.66 euros an ounce up 2.7% from 446.73 at the previous week's close. Oil closed at 63.92 dollars an ounce, down 0.6% from $64.31 the week before. Oil in euros would be 52.64 euros a barrel, down 0.7% from 52.99 at the end of the previous week. The gold/oil ratio closed at 8.71, up 3.3% from 8.43 the Friday before. In the U.S. stock market, the Dow Jones Industrial Average closed at 10,959.87, virtually unchanged from 10,959.31 the week before. The NASDAQ closed at 2,317.04 up 0.5% from 2,305.62 at the close of the previous week. The yield on the ten-year U.S. Treasury note was 4.35 at Friday's close, down two basis points from 4.37 the week before.

Besides gold, everything in the numbers looks pretty normal. Gold, however, has risen 10% since Christmas. The economic crisis is here. So why is the stock market doing so well? Steven Lagavulin of the Deconsumption blog points out that the U.S. Federal Reserve Board has pumped more money into the system than they have since September 11, 2001:
Fed Flood

I've been watching this handy thumbnail graph of Federal open market actions for some time now and thought it might be of interest to pass along. It basically reflects the daily liquidity that's being created--measuring the power of the proverbial printing presses. And frankly, they've been kicked into high gear for the past couple weeks. I assumed this was just to give a quick boost to the stock market going into year's end, but I gotta tell ya.....yesterday's action was massive...I mean the kind of liquidity you wouldn't see unless there was real Fear at the Fed.

To give you some perspective you might eyeball the bottom black lines on this longer-term chart....and note that the last time we saw 60 billion was in the second week of Sept. 2001....
Michael Nystrom confronts the high stock price question and also concludes that it is due to the massive increase in the M3 money supply:

SOTT Logo Radio

SOTT Podcast: Reincarnation Part 2

SOTT Podcast Logo
In our latest podcast, we discuss the possible reality of reincarnation with Laura Knight-Jadczyk. In part one, Laura discusses evidence that she collected during her years as a hypontherapist. In part two, Laura shares a very personal experience that provided startling evidence to suggest that reincarnation is indeed a reality.

Running Time: 00:30:44

Download: MP3


SOTT Logo Radio

SOTT Podcast: Reincarnation Part 1

SOTT Podcast Logo
In our latest podcast, we discuss the possible reality of reincarnation with Laura Knight-Jadczyk. In part one, Laura discusses evidence that she collected during her years as a hypontherapist. In part two, Laura shares a very personal experience that provided startling evidence to suggest that reincarnation is indeed a reality.

Running Time: 00:30:44

Download: MP3


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Situation in Iraq Is Civil War - Global War on Terrorism a Myth

According to the Random House Unabridged Dictionary, Second Edition, the definition of a civil war is a "war between political factions or regions within the same country." That is exactly what is going on in Iraq, not a global war on terrorism, as the President continues to portray it.

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Israel 'can destroy' Iran nukes

WASHINGTON, DC -- Just a few days before Iran announced it was removing U.N. seals on its uranium enrichment equipment and resuming nuclear research, Israel's Chief of General Staff Lt.Gen. Dan Halutz said Iran's nuclear program 'can be destroyed.' He made the comments during a conference at Tel Aviv University, Israeli Army Radio reported.

Halutz, however, stated Iran's continued nuclear program 'it is not only Israel's problem,' but said the ball was in Iran's court.

'There is no doubt the Iranians are taking this to the brink,' he said.

Wolf

It takes a financial terrorist to know: Soros sez 'Recession coming in 2007'

Billionaire investor George Soros said on Monday he thinks the U.S. Federal Reserve's monetary tightening could tip the economy into recession in 2007 and he expects a sharp dollar decline.

Soros said he expects the federal funds rate, now at 4.25 percent, to peak at 4.75 percent and that the Fed would try to achieve a soft landing for the economy.

Nevertheless, the Fed could overshoot, he told a seminar in Singapore.

"If housing continues to cool while rates are slowing then it could turn into a hard landing," Soros said.

"That's why I expect a recession to happen in 2007, not 2006."