Archive for October 5th, 2008
EUROPES LARGE SCALE MIND CONTROL EXPERIMENT STARTS IN SWEDEN and FINLAND
EUROPES LARGE SCALE MIND CONTROL EXPERIMENT
STARTS IN SWEDEN and FINLAND
Digital electric Meter-the “Eshelon Meter”, a PLC System of the Televent Company is being installed in every house in Sweden and Finland under the disguise that it will make it easier to read the consumption of electriciy through the internet directly from the meterbox.
Thats how things are sold to Naive Europeans and no one realy bothers even to ask a question.
Sweden, Finland and the other Nordic countries have always been the play and exprimental ground of the NWO before applying the same within the rest of their domain.
The posted article offers some explanarion as to how Europeans are being transformed into Sheeple.
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Everyone has it but no one knows what it is or what it does- The Energy Box.
(Digital electric Meter-the “Eshelon Meter” ,a PLC System of the Televent Company))
We got it without caring about it, without understanding, without asking. (Common sense demands curiosity and explanations.) Not el-internet which was stopped, for the Broad band company’s, especially 3G, should go into bankruptcy.
The ENERGY BOX is a transmitter and the frequency is a mixture of GSM and 3G Internet.
It is a broad-band and always turned on-not just for those seconds that the electric company uses it.
The box radiates us not only directly with 3G radiation (a pulsating frequency,very malicious and only for the military),but the beams go into the transmitter and the entire electronic current in the house becomes a 3G communication system which is connected to internet and can obviously radiate many to death (leukemia).
The box does not transmit to the electric company but to internet in which case the entire electric system is transformed into a communication system.
Why the internet, why are such quietness and secretiveness built into the house, why replace the electricity with a communication system?
SIMPLE: 3G is an efficient military system and telephony is only a side effect. The whole problem with the masts and antennas radiating along with others was only a “disguise manoeuvre” and the only goal was to get this little transmitter into our houses.Now not only is the house radiating at a pulsating high frequency, but it is also connected to the internet. (The first “internet houses in the world”)
It does not help to reject the box because your neighbour has one and transmits impulses to your house with the electrical system.
However we absolutely have the right not to accept the box because the “LAW” that the authorities use does not exist and absolutely not one about “forced radiation”.
The real basis for one to change our electric system to a communication system can only be put simply- “Totalitarian Control”.
Now electricity is valid under another law , the so called “Communication Law”.
This law gives FRA ( Försvarets Radio Anstalt-Defence Radio Communications) ,one of the secret spy-systems in Sweden. the right to control and carry out spying activities. They can read mails, listen to telephones and control every kind of communication, also “Internet-elen” and with this your house.The sweden regime give precisly the FRA a new Supercomputer(brain-supercomputer).
Those who know something about frequencies and micro-wave techniques already surely know what one has for possibilities to control. Through this, every computer is connected to the new “internet-elen”, so in principle all, absolutely all are in danger zone for attacks by internet.
BANK, POLICE, HOSPITALS anyone company, absolutely everyone needs electricity and there is neither firewall nor antivirus for internet-elen.
Whatever server our “INTERNETHOUSE” has, lies in darkness.
If one then uses the modified ELF ( Extreme Low Frequency – A Artificial Brain Frequency) it is easy to get 3D pictures of every room and listen to every conversation. Still more unpleasant is that one can easily send any frequency all through internet-elen, also those that influence people’s brain frequencies.
( One Remote Control for all People?)We are into the largest experiment concerning control of human brainwaves that the world has ever known,. Sweden and Finland have always been field experiment countries for micro-waves and therefore it is only these countries that got the system first.If all goes well other countries will follow later. Germany has already tv-prog about the project.same in other Countrys.We must absolutely reject the energy box and persuade neighbours to join in. (One can return the Box).We must very quickly give out information concerning this new system so that it becomes public and all the lies are revealed. ( Newspapers; Internet; TV, etc.) Help out if you can, for it is acute and the first experiment is already underway.If we do not stop it now, then the whole world will get this system.There is a direct connection between this box and the biggest HAARP SYSTEM in the World-” LOIS in Southsweden” , Chemtrails, FRA, Echelon and how Sweden was “rented” to NATO so that one can test these new exotic weapon systems in Norrland (North of Sweden) without control of the swedish. military. Micro-,Sound- and Scalar Weapons, Chemtrails Attacks,Nanoweapons, etc.
Sweden has actually become militarly one of the most important countries in the world through “LOIS” ,Natos weapons tests and geography etc..(Chemtrails contained BARIUM and this make people seeing for the Radar)
http://fraktali.travity.de/chemtrail/lois.html
The little energy box is now one part of Americas Patriotic Acts ( Otherwise know as the “Patriarcal Axe 1 & 2”) which obviously, automatically follows NATO-America to Sweden.
The total control of house and people behaviour is only the beginning.
Already 3G and the energy box are basically one part of the new weapon system and obviously NATO plans to carry out more experiments in the Swedish population.
Some weapons can only be tested “live” and on people. This year is still only a small part of the “LOIS” test plan now underway. When this system is completed then experiments on a large scale will be done.LOIS covers SWEDEN and is connected to 3G, energy-boxes and also the LOFAR-system in central Europe and ICECAT in north scandinavia.(LOFAR= is a HARRP System in the middle of europe,from holland to germany.)
Try to understand what we have in the house and what responsibility we have to the world.
Who is going to stop the system if we don’t do it?
Seek information, think for your self and ponder on what you find and don’t forget.
Help to stop the box and Europes LARGE SCALE MIND CONTROL EXPERIMENT !
Related link : A must read
Mind Control: America’s Secret War
Unusual Reactive Behavior Evidence of Electronic Mind Control in Switzerland?
Law Enforcement Complicity in Electronic Stalking & Mind Control Activities
Alan Johnson ‘misleading’ over fluoride benefits
One million names on US government “terrorist” watch list
A History Of US Secret Human Experimentation
America’s Germ Warfare Capabilities developed in secret in US Corporate Labs
Was The “Spanish Flu” Epidemic Man-made?
Boeing 737 crash-lands in Russia’s Kaliningrad with several high-ranking officers of Kaliningrad Military District
Boeing 737 crash-lands in Russia’s Kaliningrad with several high-ranking officers of Kaliningrad Military District
A Boeing 737-300 has crash-landed at the airport in Kaliningrad, a Russian exclave on the Baltic Sea, a Transportation Ministry spokesman said Thursday. (VIDEO)
“According to Rostransnadzor, a Boeing 737-300 owned by the KD Avia airline crash-landed at the Kaliningrad airport on October 1 on a flight from Barcelona. None of the 108 passengers on board was injured,” the spokesman said, referring to the country’s transportation regulator.
According to preliminary reports, there was a problem with the plane’s landing gear.
The Kaliningrad airport is temporarily closed over the accident.
A similar Boeing jet, owned by Aeroflot Nord, a subsidiary of Russia’s flagship air carrier Aeroflot, crashed September 14 on a rail line linking Yekaterinburg and Perm during its final approach to Perm airport in the Urals killing all 88 people onboard.
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Airline’s representative reported, on condition anonymity, that onboard there were several high-ranking officers of Kaliningrad Military District!
yes, the US Military Satellites , via impulse-microchip-programming, can control Boeing’s electrical hydraulic circuits ….. US Military Satellites , via impulse-microchip-programming, can control Boeing’s electrical hydraulic circuits
http://en.rian.ru/russia/20081002/117378424.htm
Related :
Russia suspends Boeing 737 flights after crash
US and Pakistan’s nuclear weapons
US and Pakistan’s nuclear weapons
The United States’ Democrat vice-presidential hopeful Senator Joseph Biden has made an assessment of Pakistan as a “dangerous” state and has thereby sought to trim the Democrat electoral pitch for maximum advantage. The disenchanted formerly Republican voter is now supposed to vote Democrat because the Obama-Biden team is aware of the “dangers of terrorism and nuclear proliferation”. Talking about terrorism, Mr Biden said during his TV debate with the Republican candidate for vice-presidentship, Ms Sarah Palin: “I promise you, if an attack comes in the homeland, it’s going to come…from Al Qaeda planning in the hills of Afghanistan and Pakistan. That’s where they live”. While this was said to decry the Republican emphasis on Iraq as a source of future danger, the case made against Pakistan as the “most dangerous place” in the world is a repetition of what the major magazines and newspapers in the Western world have already said.
Mr Biden’s second comment during the debate was on Pakistan’s nuclear weapons. He said: “Pakistan already has nuclear weapons. Pakistan already has deployed nuclear weapons. Pakistan’s weapons can already hit Israel and the Mediterranean. Iran getting a nuclear weapon would be very, very destabilising… So they’re both very dangerous. They both would be game-changers”.
This statement is factually wrong because Pakistan does not have deployed nuclear weapons and its missiles do not have the range to strike Israel. It is amazing that Mr Biden should have delivered this gaffe, billed as he is as a foreign policy expert. In any case, his statement is going to play in favour of those in Pakistan who say that the war against terrorism is not Pakistan’s war and that the US is less interested in fighting Al Qaeda than in destroying Pakistan’s nuclear capability. His comment on the growth of terrorism in Pakistan draws on the lack of support by the media — “it is not Pakistan’s war” — to the Pakistan army as it fights terrorists in the Tribal Areas. Of course Mr Biden didn’t say he did not believe Prime Minister Gilani when the latter said recently that terrorists in the Tribal Areas were training foreigners on Pakistani territory and that these elements could attack the United States. In fact, the Biden remark reflects the confidence he has in the democratic order now in place in Pakistan. Another government “backgrounder” from Pakistan says that Al Qaeda and the Taliban are “not different entities but one consolidated structure” planning to transform Pakistan into an Al Qaeda state.
How unstable is Pakistan today? Some measure of it has been provided by the Marriott Hotel blast and the attempted killing of the ANP leader Mr Asfandyar Wali. Pakistan’s press is faithfully recording the process of “Talibanisation” of the country’s capital where no one is safe. An article has described how Sector G-11 of Islamabad has overnight sprouted four mosques within a square of 500 yards in its centre. In the I-10 sector, a public park has been trespassed by a madrassa which has grown from a one-room affair to a multi-storeyed institution. The mosque administration has told the citizens that no permission was required for building a mosque. Islamabad sprouted 43 illegal mosques in 2007, while by official reckoning, the legal mosques in the city are sufficient to cater to the population. There are 80 madrassas already in existence there.
Scared of what might happen to them, foreign sportsmen don’t come to Pakistan any more. The latest blow to Pakistan’s prestige is the refusal of a girls’ cricket team from the West Indies to tour Pakistan because of the fear of getting caught up in an Al Qaeda strike. Foreign businessmen have stopped coming to Pakistan, many have cancelled their orders for Pakistani exports, and Pakistan’s own investments in the manufacturing sector have not only ceased but a lot of Pakistani capital is fleeing from the country through “dollarisation”. It is this state of affairs that causes the world to think about the fate of Pakistan’s nuclear weapons and, ironically, this is also a major reason why the “Friends of Pakistan” must come forward to its help.
Far from planning to divest Pakistan of its nuclear weapons, the Bush Administration began by tacitly recognising Pakistan as a nuclear power. One big factor in Pakistan’s siding with the global coalition against terrorism after 9/11 was the nuclear “acceptance” it promised and the shelter it provided from the IAEA investigations against Dr AQ Khan for his proliferation activities in the illegal “nuclear market”. Pakistan’s nuclear command and control system, aimed at securing its nuclear assets from unauthorised manipulation, was given clearance by the world, including the direct rival, India. Why are nuclear fears rising now?
For those who want Pakistan to boycott the war on terrorism “in order to prevent the US from grabbing Pakistan’s nuclear weapons”, one only has to say that this course will only serve to endanger the weapons. The fact is — to repeat Prime Minister Gilani’s comment — that the world needs Pakistan’s help to fight the war on terror. And the route to safety lies in fighting the Al Qaeda machinery of terrorism inside Pakistan and to prevent it from seizing Pakistan’s major cities before it tries to capture the state and consequently our nuclear assets. *
http://www.dailytimes.com.pk/default.asp?page=2008\105\story_5-10-2008_pg3_1
What Nobody Wants To Know About Somalia And Why; And What That Means
What Nobody Wants To Know About Somalia And Why;
And What That Means
Winter Patriot
A huge war crime — a massive crime against humanity — is going on right now in Somalia, courtesy of (but only indirectly traceable to) the Bush administration and Washington’s bipartisan power elite. But, aside from Chris Floyd and a few other internet madmen, nobody knows — or even wants to know — much about it.
What’s happening? And why doesn’t anybody want to know? These are troubling questions for anyone who cares about the soul of America, and even more troubling for anyone who’s beginning to suspect that America has no soul at all.
Chris Floyd:
Somalia is the invisible third front of the Terror War, an American-backed “regime change” operation launched by the invading army of Ethiopia and local warlords in December 2006. In addition to helping arm, fund and train the army of the Ethiopian dictatorship, the United States has intervened directly into the conflict, carrying out bombing raids on fleeing refugees and nomads, firing missiles into villages, sending in death squads to clean up after covert operations, and … assisting in the “rendition” of refugees, including American citizens, into the hands of Ethiopia’s notorious torturers.
Bombing raids on fleeing refugees? Oh, yes. And much more, too. These people look hungry. We’d better kill them!
And the longer it goes on, the worse it gets.
When Chris Floyd writes, “Somalia is the invisible third front of the Terror War”, he’s probably counting chronologically starting from 9/11: in this sense Afghanistan is #1 (we started attacking in October of 2001; let’s forget about the summer of ‘79) and Iraq is #2 (officially March of 2003, but in reality January 1991, and long before then as a matter of fact), which would make Somalia #3 (December 2006, and long before then, too!) and the recently opened and more recently acknowledged, still partly-deniable war-against-our-ally Pakistan as #4. And then Iran would be #5, or maybe it already is? But — oops! — did we forget to count the Terror War against the Home Front?
It soon gets too complicated to sort out, and therein lies one of the problems. The world is too big and too chaotic; we are too small and too stupid; we will never be able to deal with all of it. (I’ve been blogging for almost four years now and there are still large parts of the world that I have never even mentioned! It doesn’t mean I don’t care; usually it means I don’t know enough to say anything authoritative, in which case I prefer to remain silent. But still … where’s my coverage of Darfur? And that’s just one example.)
We prefer good news to bad, especially when times are tough. And it doesn’t take much to overload on bad news these days. But still … How can we ignore things like this?
Together, the American Terror Warriors, the Ethiopians and the warlords (some of them directly in the pay of the CIA) have created the worst humanitarian disaster on earth. Thousands have been killed in the fighting. Hundreds of thousands have been driven from their homes, many fleeing to northern Kenya, where more than 215,000 people are languishing in a single refugee camp in Dadaab; 45,000 people have poured into the camp this year alone, says the UN. In some of the camps, Somali refugees are living without any shelter at all: “The BBC’s Mark Doyle, who has recently visited the camps in Kenya, says some refugees do not even have a basic plastic sheet to protect them from the sun and rain.”
In just the last two weeks, more than 18,500 people have fled the capital of Mogadishu, which has already been decimated by the warfare. Many were sent on the run by one of the Ethiopians’ favorite tactics: mortar and artillery fire into civilian areas believed “sympathetic” to the insurgents.
The United States is not only backing the Ethiopians and the Somali transitional government (TGF) propped up by the occupation; Washington has also provided “robust financial and logistical support to armed paramilitaries resisting the command and control of the TGF,” according to a major new study of the conflict by the human rights organization, Enough. In addition to these freebooters, it turns out that the wide-ranging Somali pirates — who last week hijacked a shipload of heavy weapons being funneled into African conflicts by Ukrainian war profiteers — are supported by “backers linked to the Western-backed government” in Mogadishu.
We’re reading more from Chris Floyd, of course; who else? Floyd’s writing is unique, both in its stylish command of the language and in its content: for instance, hardly anybody else ever bothers to write about Somalia. The big media — mainstream and other — avoid mentioning it at almost every opportunity, and most of what does get published is sanitized in one way or half a dozen, with writers and editors falling over each other to avoid placing the blame for this horrendous situation where it obviously belongs.
But not Chris Floyd: whenever he digs up news from “the invisible third front”, he writes about it, and he counters the spin. He puts the news in context; he explains what it means in terms of the big picture, just like he always does, whether he’s writing about Iraq or Afghanistan, or the Home Front, or any other place.
But — remarkably, sadly, and altogether too revealingly, in my opinion — when Chris Floyd writes about Somalia, his website traffic goes through a hole in the floor.
So hardly anybody bothered to visit Floyd’s remarkable site, Empire Burlesque, on the day when he posted the passage quoted above, along with excerpts from a piece by Jennifer Beskal at Salon:
Ishmael, a 37-year-old shepherd from the Ogaden region in Ethiopia, looked at me with tears in his eyes. Ethiopian forces — who had already killed his mother, father, brothers and sisters — murdered his wife days after they were married. They then slaughtered his goats, beat him unconscious, and slashed his shoulder to the bone, he said.
In December 2006, Ishmael crossed through Somalia into Kenya, heading for the nearest refugee camp in search of medical care. But when he didn’t have enough money to pay a 1,000 shilling ($15) bribe, the Kenyan police bundled him into a car and took him to Nairobi. Less than a month later, he was herded onto an airplane with some 30 others, flown to Somalia and handed over to the Ethiopian military — the same forces that he previously fled.
Ishmael is a victim of a 2007 rendition program in the Horn of Africa, involving Ethiopia, Kenya, Somalia and the United States. There are at least 90 more victims like him. Most have since been sent home. A few — including a Canadian and nine who assert Kenyan nationality — remain in detention even now. The whereabouts of 22 others — including several Somalis, Ethiopian Ogadenis, and Eritreans — remain unknown….
In the immediate aftermath of the invasion, Kenyan authorities arrested at least 150 men, women and children from more than 18 countries — including the United States, the United Kingdom and Canada — in operations near the Somali border, and held them for weeks without charge in Nairobi. In January and February 2007, the Kenyan government then unlawfully put dozens of these individuals — with no notice to families, lawyers or the detainees themselves — on flights to Somalia, where they were handed over to the Ethiopian military. Ethiopian forces also arrested an unknown number of people in Somalia….
An unknown number of them — likely dozens — were questioned by the Central Intelligence Agency and Federal Bureau of Investigation agents in Addis Ababa. From February to May 2007, Ethiopian security officers daily transported detainees — including several pregnant women — to a villa where U.S. officials interrogated them about suspected terrorist links. At night the Ethiopian officers returned the detainees to their cells….
In addition to working with the U.S., the Ethiopians used the rendition program for their own ends. For years, the Ethiopian military has been trying to quell domestic Ogadeni and Oromo insurgencies that receive support from neighboring countries, such as Ethiopia’s archrival, Eritrea. The multinational rendition program provided them a convenient means to continue this internal battle — and get their hands, with U.S. and Kenyan support, on those with suspected insurgent links.
Ishmael was one of their victims.
The questions his Ethiopian interrogators asked were nonstop, and always the same: “Are you al-Qaida? Are you an Ogadeni rebel? Are you part of the Somali insurgency?” Each time he said no, he was beaten, sometimes to the point of unconsciousness. When he resisted answering, they targeted his testicles.
Then, in February 2008 — some 14 months after his original arrest — the Ethiopians decided Ishmael was no longer worth the trouble. They dumped him, along with 27 others, just over the Somali border….Now Ishmael is back in the refugee camp, limping and urinating blood. He is still waiting for the healthcare he came searching for nearly two years ago.
Why do people read Chris Floyd? Because he’s a fantastic writer; because he’s a tireless researcher; because he always tells us the truth, no matter how horrible; because he directs our attention to vital stories we otherwise might have missed; and surely there are more good reasons.
Which of these reasons are negated when Chris writes about Somalia?
None, of course. That was a rhetorical question. Now here’s a real one: Why does the whole world run away from Chris Floyd’s articles about Somalia?
Is it because the victims of the war crime in Somalia are blacker than the victims of the war crimes in Iraq and Afghanistan?
Is it because the roots of the war crime in Somalia reflect badly on both Bill Clinton and George Bush?
Is it because we can’t stand reading about more than two war crimes on the same day, and Iraq and Afghanistan fill our quota?
Is it because the war crime in Somalia is a proxy war crime, being fought under the flag of the invading Ethopians?
Are Americans are too lazy and too stupid to connect the dots — the dots between funding, arming, supplying, motivating and supporting an invading army; and actually being responsible for the invasion?
Is it because no Americans are being killed there?
Or is it because the stories coming out of Somalia are so gruesome?
Floyd’s newest post contains an update on renditions in the Somalia war crime, from the BBC:
Among the fleeing refugees were Salim Awadh, a Kenyan, and his Tanzanian wife, Fatma Chande. Both of them were arrested as they crossed the border from Somalia to Kenya in January 2007.
“I was kept in a cell with other women. Then the Kenyan anti-terrorist police questioned me – they asked me why we went to Somalia,” Fatma says.
I meet Fatma in her small two-room house in Moshi, northern Tanzania. She is quietly spoken and her voice falters as she explains what happened next.
“I told them my husband got a job repairing mobile phones in Somalia. But they tried to force me to admit that my husband was a terrorist. They said I had to tell them the truth or they would strangle me.”
…In the first weeks of early 2007, news began to filter out that several hundred people – including children – had been arrested trying to enter Kenya.
Al Amin Kimathi, the head of Kenya’s Muslim Human Rights Forum, sent volunteers to police stations across the capital, Nairobi, trying to collect information.
“Some very frustrated senior police officers told us point blank: it’s not our operation, go and ask the Americans, just call the American embassy. We even saw the Americans bring in detainees and take them out of certain police stations in Nairobi,” he said.
Many of the refugees were sent back to Somalia, and then “renditioned” onward to Ethiopia.
“A week after we arrived we were interrogated by whites – Americans, British, I was interrogated for weeks,” Salim says….
Former detainees have also told the BBC they were questioned by US agents. One said he was beaten by Americans.
…Al Amin Kimathi believes Ethiopia was seen as the ideal destination.
“It was the most natural place to take anyone looking for a site to go and torture and to extract confessions. Ethiopia allows torture of detainees. And that is the modus operandi in renditions.”
…More than a year and a half after the renditions, the US government still refuses to respond to questions on the alleged US role.
…Meanwhile Fatma is still waiting anxiously for news of her husband.
After Salim got access to a mobile phone, he was able to speak to her from his cell for the first time in more than a year.
Now the phone has stopped working, Salim has disappeared once again.
Chris appends this note:
I know that no one cares about this. I know that the fact that thousands of Somalis have been slaughtered and millions more driven into suffering and desolation by a vicious war being conducted at every step with American assistance, in America’s name — in your name, if you’re an American — is not nearly as important as whether or not Joe Biden strikes the proper tone in his “debate” with Sarah Palin tonight. I know that even to most true-blue “progressives,” the Somalis are non-people — except when they show up as wild-eyed beserkers on late-night re-runs of “Black Hawk Down.” I know that every time I write about Somalia, the traffic for the site plummets like the stock of a clapped-out merchant bank just before it gets a government bailout. But I don’t really care. With the full approval of the entire bipartisan political elite, America is breeding death, hate, extremism and a hellish storm of blowback through its actions in Somalia. You might not give a damn that this evil is being wrought in your name, but I do.
I applaud Chris Floyd for his persistence in paying attention to Somalia even though his readers have made it painfully obvious that they don’t give a fig. But I still want to know: what combination of factors allows them not to care, or prevents them from caring?
Perhaps there’s a question about whether these war crimes are really being committed in our names? Jennifer Deskal, the human rights advocate whose piece in Salon Chris Floyd quoted at length, writes:
Almost everyone I spoke with assumed — whether true or not — that the United States backed the arbitrary arrest and unlawful rendition of men like Ishmael and the still-detained Kenyans. Almost everyone assumed that the Ethiopians operate with America’s blessing.
To which Floyd remarks:
They “assume” these things, of course, because they are true.
And Deskal continues:
Their stories have circulated, fueling anger and resentment. As one man, whose childhood friend became one of the rendition victims, told me, “Now when I go to the mosque, I pray to God to punish the Americans.”
To be sure, the United States is not the main culprit when the Kenyans unlawfully render suspects or the Ethiopians torture them. But when U.S. officials interrogate rendition victims who are being held incommunicado, the United States becomes complicit in the abuse. The U.S. is funding the Ethiopian military, supporting its activities in Somalia and training Kenyan security forces in counterterrorism — so as U.S.-backed military and police forces in the region brutalize their domestic opponents in the name of fighting terrorism, the United States is often blamed.
The United States could change those perceptions by demanding higher standards of its foreign partners and cutting off aid to abusers. It otherwise risks fueling the very problem — anti-American militancy — that it seeks to solve. For starters, the U.S. could demand the release or fair trial of any rendition victims still stuck in Ethiopian custody.
Chris Floyd again:
Daskal’s story is marred by the same timidity which groups like Human Rights Watch (where she serves as senior counterrorism counsel) generally display when discussing American direction of and complicity in war crimes. These references are often couched in terms of “a perception” (or even misperceptions!) of American intentions. The latter are always given the benefit of doubt and qualification. Still, it requires little reading between the lines to see the confirmation of what every honest observer of the conflict can see: the Terror War operation is creating more of the violent extremism that it purports to combat.
…
In my opinion, Chris Floyd lets Jennifer Deskal off lightly for ridiculous spin and obvious distortion — as well as some remarkably timid audacity! (or should I say audacious timidity?)
The notion that the USA is only complicit if its officials participate in the interrogation of rendition victims is bizarre and incomprehensible — except as another part of the official deception. Welcome to the nightmare, where even defenders of human rights cut unrepentant torturers as much slack as possible.
Another bizarre and incomprehensible notion also comes to mind: perhaps most Americas are determined to know as little as possible about the war crime in Somalia because that’s the only way their lives can make sense!
The war crimes against Afghanistan, Iraq, Pakistan, Iran and the Home Front all have some “justifying” pretext, or several. Even though all the stories are false, they’re there, part of the national crazy-quilt: all the obvious, transparent, politically viable lies about 9/11; campfire tales about Saddam Hussein and his non-existent WMD; the endless not-really hunt for Osama bin Laden; nuclear weapons that don’t exist yet but are already an existential threat to Israel; and a nation crawling with FBI entrapment victims if not actually real terrorists.
But we don’t have any story about Somalia.
We don’t have a mythically famous villain.
We don’t have any ruins we can point to while saying, “You see this? The Somalis did this!”
In other words, there is no reason — not even a transparently false reason — for the war crime against Somalia.
And yet there’s no opposition to it, from either party. And this combination of facts, in my opinion, makes the story intolerable to almost everybody.
There’s no way to cloak ourselves in denial this time, no fig leaf to hide behind. Somalia reveals all too clearly the real motives behind the Terror War, and they are not what we have been told — by Democrats or Republicans.
Somalia also reveals some crucial aspects of the Terror War on the Home Front. Among them: America’s bipartisan leadership has no qualms about attacking foreigners who pose no threat to us, even without a plausible pretext, if they think they can get away with it.
When you add in all the other reasons — from the blackness of the victims to the gruesomeness of the stories — you get a tangled mess of horror that is so ugly, only the most courageous among us can stand to look at it.
Chris Floyd has enough courage to do it. But most of his readers do not. And that’s one of the reasons why I am becoming increasingly convinced that we are more screwed now than ever before.
http://winterpatriot.blogspot.com/
German bank announces collapse of 35 billion euro rescue – The Risk of the Mother of All Bank Runs
German bank announces collapse of 35 billion euro rescue
German bank Hypo Real Estate (HRE) said Saturday that a planned 35-billion-euro (48-billion-dollar) rescue had fallen through after the banking consortium involved pulled out of the deal.
The rescue bid was the biggest in German history and came after HRE was sucked into the global financial turmoil through its inability to refinance debt, one of many high-profile European emergency cases in the past two weeks.
HRE said in a statement that a consortium of German banks taking part in the rescue had “refused to provide liquidity lines” and that it was seeking new measures.
The property lender said it was in the process of “determining the consequences” of the consortium’s withdrawal on various divisions and that it would seek other solutions.
Earlier in the day, the Welt am Sonntag newspaper said in a report to appear on Sunday that the bailout plan would have to be reworked because the bank’s cash needs had been underestimated.
The biggest German Bank, Deutsche Bank, had reportedly evaluated that HRE would need 20 billion euros in fresh capital by the end of next week.
Deutsche Bank warned in addition that “by the end of the year, there will be a shortfall of up to 50 billion euros and even of 70 to 100 billion by the end of 2009,” the newspaper said.
Deutsche Bank issued the warning late Friday during a telephone conference with representatives of the German banking and insurance sector, the report said.
The rescue plan had comprised an immediate cash injection by private banks and by the European Central Bank, which was to be backed by a 35-million-euro guarantee.
Most of the backing, 26.5 billion euros, was to be provided by the German government, with the rest covered by private banks.
It was announced on September 29 following weekend talks between German officials and the banks, and given the green light on Thursday by the European Commission.
The Commission had hailed Berlin’s bailout plan as “part of the solution” to the current financial crisis.
HRE was hobbled by debts incurred by a German-Irish subsidiary, Depfa, which it bought in October 2007, after the international financial crisis emerged with the collapse of the US market for high-risk, or subprime, mortgages.
Depfa specialises in the financing of public works projects.
The parent real-estate bank found itself unable to refinance operations owing to a credit squeeze that worsened after the US investment bank Lehman Brothers declared bankruptcy in September.
HRE shares had lost three-quarters of their value last Monday, and though they clawed back some ground over the week, they closed on Friday at 7.51 euros, down a hefty 44.4 percent from their level one week earlier.
In Paris meanwhile, German Chancellor Angela Merkel was attending European crisis talks on the financial crisis when it was announced that the HRE rescue plan had fallen through.
Merkel had told media earlier that “each country must take its responsibilities at a national level,” and added: “It is important to act in a balanced way, and for countries not to cause harm to each other.”
That comment appeared to be aimed at Ireland, which has issued a blanket guarantee to bank depositors without consulting its neighbours.
http://afp.google.com/article/ALeqM5gnwGl7boOibV72BKczAraZk1KmEg
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Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs
Nouriel Roubini
It is now clear that the US financial system – and now even the system of financing of the corporate sector – is now in cardiac arrest and at a risk of a systemic financial meltdown. I don’t use these words lightly but at this point we have reached the final 12th step of my February paper on “The Risk of a Systemic Financial Meltdown: 12 Steps to a Financial Disaster” (Step 9 or the collapse of the major broker dealers has already widely occurred).
Yesterday Thursday a senior market practitioner in a major financial institution wrote to me the following:
Situation Report: So far as I can tell by working the telephones this morning:
LIBOR bid only, no offer.
Commercial paper market shut down, little trading and no issuance.
Corporations have no access to long or short term credit markets — hence they face massive rollover problems.
Brokers are increasingly not dealing with each other.
Even the inter-bank market is ceasing up.
This cannot continue for more than a few days. This is the economic equivalent to cardiac arrest. Then we debated what is necessary to restart the system.
I believe that the government will do another Hail Mary pass, with massive guarantees to the short-term commercial credit system and wide open short-term lending by the Fed (2 or 3 times expansion of the Fed balance sheet). If done on a sufficient scale this action will probably work for a while. But none of these financial measures affects the accelerating recession — which will in turn place more pressure on the financial sector.
Another senior professional in a major global financial institution wrote to me:
Today, in our trading room, I could see the manifestations of a lending freeze, and the funding hiatus for banks and companies, with libor bid only, the commercial paper market closed in effect, and a scramble for cash – really really scary.
Do you think this is treatable without a) a massive coordinated liquidity boost and easing of monetary policy and b) widespread nationalisation of some banks, gtess to others AND a good bank/bad bank policy where some get wiped along with their investors? The Treasury Tarp plan is an irrelevance if we are at a major funding crisis.
And to confirm the near systemic collapse of the system of financing of both financial firms and corporate firms Warren Buffett declared yesterday, as reported by Bloomberg:
the U.S. economy is “flat on the floor” after a cardiac arrest as companies struggle to secure funding and unemployment increases.
“In my adult lifetime I don’t think I’ve ever seen people as fearful, economically, as they are now, Buffett said today in an interview with Charlie Rose to be broadcast tonight on PBS. “The economy is going to be getting worse for a while.’ …The credit freeze is “sucking blood from the U.S. economy, Buffett said.
We are indeed at the cardiac arrest stage and at risk of the mother of all bank and non-ban runs as:
- The run on the shadow banking system is accelerating as: even the surviving major broker dealers (Morgan Stanley and Goldman Sachs) are under severe pressure (Morgan losing over a third of its hedge funds clients); the run on hedge funds is accelerating via massive redemptions and a roll-off of their overnight repo lines; the money market funds are experiencing further withdrawals in spite of government blanket guarantee.
- A silent run on the commercial banks is underway. In Q2 of 2008 the FDIC reported $4462bn insured domestic deposits out of $7036bn total domestic deposits; thus, only 63% of domestic deposits are insured. Thus $ 2574bn of deposits were not insured. Given the risk that many banks – small, regional and national – may go bust (as even large ones such as WaMu and Wachovia went recently bust) there is now a silent run on parts of the banking system. Deposit insurance formally covers only deposits up to $100000. Thus any individual, small or large business and/or foreign investor or financial institution with more than $100000 in a FDIC insured bank is now legitimately concerned about the safety of its deposits. Even if as likely the deposit insurance limit will be temporarily raised to $250000 by Congress there will still be a whopping $1.9 trillion of uninsured deposits (or 73% of total deposits); thus, a huge mass of uninsured deposits will remain at risk as even small businesses have usually more than $250K of cash while medium sized and large firms as well as any domestic and foreign financial institution or investor with exposure to US banks has average exposure in the millions of dollars. Particularly at risk are the cross border mostly short term interbank lines of US banks with their foreign counterparties that are estimated to be close to $800 billion.
- A run on the short term liabilities of the corporate sector is also underway as the commercial paper market has effectively shut down with little trading and no issuance or rollover of such debt while corporations have no access to long or short term credit markets and they are therefore facing massive rollover problems (over $500 billion of rollover of maturing debts in the next 12 months). Indeed, the market for commercial paper plummeted $94.9 billion to $1.6 trillion for the week ended Oct. 1 (and down over $200 billion in the last three weeks). Especially banks and insurers were unable to find buyers for the short-term debt: financial paper accounted for most of the decline, plunging $64.9 billion, or 8.7 percent in the last week; but now even non-financial corporations are also experiencing a severe roll-off in the CP market. Discount rates for investment-grade non-financial commercial paper spiked to 599bp for 60 day maturities. More companies are borrowing against or tapping their revolving credit lines. This is largely due to the dislocation caused in the money markets by the failure of Lehman and the subsequent withdrawals from money market funds, which are some of the biggest providers of liquidity in the short term funding/commercial paper. Even the largest corporations are at severe stress: AT&T last week was forced to rely on overnight funding for its treasury operations, as lenders were unwilling to provide more long term financing due to fears in money market funds over investor redemption. The CEO said “It’s loosened up a bit, but it’s day-to-day right now. I mean literally it’s day-to-day in terms of what our access to the capital markets looks like,’’ Things are much worse for non-investment grade corporations and for small and medium sized businesses. As reported today by Bloomberg: Almost 100 U.S. corporate treasurers gathered for an emergency conference call yesterday to warn each other that banks are using any excuse to charge more to renew lines of credit.
“Capital is fleeing to safety, said Edward E. Liebert, treasurer of Rohm & Haas Co., who took part in the 90-minute call organized by the National Association of Corporate Treasurers. “Interbank lending is not free-flowing any more, said Liebert, 56, chairman of the Reston, Virginia-based trade group. One bank charged a participant in the call 80 basis points to renew a routine $25 million credit line, according to Liebert, who wouldn’t identify the speaker or the company. Rohm & Haas, based in Philadelphia and rated BBB by Standard & Poor’s, is paying 8 basis points for a $750 million revolving line of credit provided by 13 banks, the treasurer said. A basis point is 0.01 percentage point. As the U.S. House of Representatives prepares to vote on a $700 billion bailout bill passed by the Senate, global credit markets are being squeezed by banks afraid to lend to each other and to even some investment-grade corporate clients. Treasurers are struggling to keep credit lines open so they can pay employees, fund pension benefits and purchase raw materials. “The banks are really starting to play hardball, said Jeff Wallace, managing partner at Greenwich Treasury Advisors, a financial consultant in Boulder, Colorado. “They don’t want to give out any more money to people because they don’t have enough capital”. Banks are demanding renegotiation of interest charges or lending terms when “routine amendments are requested on lines of credit, said Thomas C. Deas Jr., treasurer of Philadelphia- based FMC Corp. and an association board member.
- The money markets and interbank markets have shut down as – despite the Senate passing the bail-out bill – yesterday USD Overnight Libor was still at 268bp after reaching an all-time high of 6.88%; the USD 3m Libor-OIS spread widened to record 270 basis points; EUR 3m LIBOR-OIS spread is at record 130bp; the TED spread is at record 360bps (TED was 11bps one month ago); Money and credit markets are dysfunctional also in emerging markets ; and agency bond spreads are also at highs again.
So we are now facing:
- a silent run on the huge mass of uninsured deposits of the banking system and even a run on some insured deposits are small depositors are scared;
- a run on most of the shadow banking system: over 300 non bank mortgage lenders are now bust; the SIVs and conduits are now all bust; the five major brokers dealers are now bust (Bear and Lehman) or still under severe stress even after they have been converted into banks (Merrill, Morgan, Goldman); a run on money market funds restrained only by a blanket government guarantee; a serious run on hedge funds; a looming refinancing crisis for private equity firms and LBOs);
- a run on the short term liabilities of the corporate sector as the commercial paper market has totally frozen (and experiencing a roll-off) while access to medium terms and long term financings for corporations is frozen at a time when hundreds of billions of dollars of maturing debts need to be rolled over;
- a total seizure of the interbank and money markets.
This is indeed a cardiac arrest for the shadow and non-shadow banking system and for the system of financing of the corporate sector. The shutdown of financing for the corporate system is particularly scary: solvent but illiquid corporations that cannot roll over their maturing debt may now face massive defaults due to this illiquidity. And if the financing of the corporate sectors shuts down and remains shut down the risk of an economic collapse similar to the Great Depression becomes highly likely.
So what needs to be done? Even several hundreds of billion dollars in emergency liquidity support to the financial system by the Fed and other central banks in the last week alone have not been enough to stop the seizure of liquidity in interbank markets and the shut down of financing for the corporate sector as counterparty risk is now extreme (no one trusts any more in this crisis of confidence even the most reputable and trustworthy financial and corporate counterparties).
Thus, emergency times where we are at risk of a systemic meltdown require emergency measures. These include the following six ideas:
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