Saakashvili: we started the war

Taking back unruly areas is not done with brutal genocide. Saakashvili needs to be tried for war crimes. For the first time ever, Georgian President Mikhail Saakashvili has admitted that his country started the military conflict in South Ossetia in August. But the Georgian leader is adamant the action was justified. He was testifying before […]

The Team Obama Should Have Picked

Y’all still think the US is a Democracy? By RAMZI KYSIA I feel cheated. I feel betrayed. And I’m not even a Democrat. Our nation hasn’t yet finished counting all the election returns, but the outlines of a future Obama Administration are already clear: Clinton at State, Geithner at Treasury, Summers to head the National […]

The Making of an Unpeople; from Paradise to Torture hell.

by John Pilger I went to the Houses of Parliament on 22 October to join a disconsolate group of shivering people who had arrived from a faraway tropical place and were being prevented from entering the Public Gallery to hear their fate. This was not headline news; the BBC reporter seemed almost embarrassed. Crimes of […]

Americans’ Food Stamp Use Nears All-Time High

When the highest (top 1%) earning Americans and international bankers get bailed out of their scummy corrupt financial scams and 10% of a population has to live on food stamps I wonder when the revolution will start. 30 million hungry people. That’s a lot of hunger and a lot of anger. Fueled by rising unemployment […]

Systemic Risk, Contagion and Trade Finance – Back to the Bad Old Days

When Roubini talks I listen. Back in the old days (pre-1980s), the term systemic risk did not refer to contagion of illiquidity within the financial sector alone.  Back then, when the real economy was much more important than low margin, unglamorous banking, it was understood that the really scary systemic risk was the risk of […]

Meltdown far from over, new mortgage crisis looms

WASHINGTON (AP) — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis – one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full swing, the same events poisoning the housing market are now […]

Texas DA reveals evidence against Cheney

So if National does privatise our prison system will Cheney make money over the backs of poor sods here too or will that be John Key and Bill English? Because somebody will. Is that “change” you waited for making you feel any better yet? Hopes media won’t ‘let it die’ Willacy County District Attorney Juan […]

The Armageddon Index: betting on the collapse of the US dollar was never so popular

5yr CDS on the debt of the United States of America closed at 42bps yesterday – widening further on yet more bailout news: more rumours surrounding the planned “historic” Obama stimulus package. Bloomberg, by-the-by have estimated the total – potential – US government support to the markets to be somewhere around $7.7 trillion. Thus the […]

Security Blanket: Western Democracy and the Strategy of Tension

The idea that a democratic government would deliberately create fake “extremist groups” then send them out to foment violence and terrorism — in order to discredit legitimate opposition to elite rule and to “justify” authoritarian powers — has long been derided in “serious” circles as that worst of modern heresies: “conspiracy theory.” Anyone advancing such […]

911, Anthrax and a US laboratory

Remember the anthrax attacks days after the events of 911? Those envelopes with Anthrax spores so conveniently addressed to the democratic senators opposing attacks on Afghanistan and Iraq? Well it turned out that the anthrax spores could only have come from one US laboratory. Huh? Yep, from one the most secured save guarded military research […]

China Scrambles to Stave Off Economic Meltdown

The specter of a prolonged global recession has dampened China’s wish for a world financial order less dominated by the United States and its dollar, giving way to more urgent dealings with recession worries at home. As every day brings news of more factory closures and social unrest all over the country, Beijing has swung […]

Financial Meltdown: You Ain’t Seen Nothing Yet

“The problems we face today cannot be solved by the minds that created them” Albert Einstein Obama hasn’t even been sworn in yet, and already the Wall Street cheerleaders are celebrating his first great triumph. According the pundits, the stock market staged a surprise 494 point rally on Friday because–get this–it was announced that Timothy […]

Down on the farm, a frenzy over free food

Is this the beginning of the the worst famines in the history of mankind the US will experience in the coming years? Want one more palpable sign of a desperate economy? An estimated 40,000 people came to a Weld County farm Saturday to collect free potatoes, carrots and leeks. Cars snaked around cornfields and parallel […]

Russian analyst predicts decline and breakup of U.S.

MOSCOW, November 24 (RIA Novosti) – A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Professor Igor Panarin said in an interview with the respected daily Izvestia published on Monday: “The dollar […]

Home prices in record plunge

By Julie Haviv NEW YORK (Reuters) – Prices of single-family homes plunged a record 17.4 percent in September from a year earlier, according to a key S&P index released on Tuesday. The composite index of 20 metropolitan areas fell 1.8 percent in September from August, according to the Standard & Poor’s/Case-Shiller Home Price Indices, and […]

Zimbabwe on brink of collapse as outbreak of cholera spreads

A vision of things to come for the world as our financial system collapses? A man infected by cholera, which has killed around 300 people in Zimbabwe, is transported to a Harare clinic. Photograph: AP The situation in Zimbabwe may soon “implode” as a cholera outbreak spreads and basic services collapse, South African leaders and […]

Rebuilding the Nation on a Foundations of Sand

What terrifies the manipulators is that people will abandon hope, as a future, sometime-never projection, and start to demand fairness, justice and freedom now. To avoid this nightmare they need to keep those desires as something to aspire to, not to actually have. Thus, their man, Obama, sells ‘hope’ as a diversion technique, a holding […]

Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization”

Securum= A temporary nationalisation of a “bad” bank in order to keep good banks lending and the economy going. A Securum or similar temporary nationalization would have allowed the healthy banks to continue lending to the real economy so the economy could continue operating, while the State merely sat on the undervalued real estate assets […]

Bin Laden Driver to Be Sent to Yemen

Remember the big bad terrorist chauffeur of Osama bin Laden? It turns out that the judges even in the Kangaroo courts inside the American torture dungeon Guantanamo could not find anything on Mr. Hamdan and after a detention of more some seven years in which he has been tortured, isolated and held captive without a […]

Hide and local government a scary mix

Local Government has done nothing to upset John Key. John Key does not get upset. John Key in fact will do exactly what he said he would do, he will keep smiling his happy smile. He just enacts his masters orders. It’s nothing personal. His orders? Destroy the cohesion of local communities. Monger fear and […]

The slow death of Gaza

It has been two weeks since Israel imposed a complete closure of Gaza, after months when its crossings have been open only for the most minimal of humanitarian supplies. Now it is even worse: two weeks without United Nations food trucks for the 80% of the population entirely dependent on food aid, and no medical […]

Key blames ‘reckless’ money men for crisis

This is rich coming from John Key and what’s more he is lying through his teeth. John Key has worked with some of the most reckless and irresponsible traders and banks in functions that can only be described as predatory. This crisis has been 20 years in the making and John Key has been fully […]

John Key calls an expert for some summit advice

While I applaud Helen Clark’s willingness to help out John Key (I probably would have said you wanted it now deal with it and I’ll have a good laugh when you stumble, I’m not a very mature person like that), doesn’t it strike you as odd that we voted in a man who has to […]

Record numbers cross the ditch

So much for National bringing back the tray Kiwi’s. The brain drain to Australia has hit its highest levels on record. Statistics New Zealand figures out today show that a net 34,600 people (departures minus arrivals) left New Zealand permanently to cross the ditch in the 12 months to October. That is higher than the […]

Bloodbath on the high street

Business Woolworths Bloodbath on the high street • M&S slashes prices to shift stock • Dixons worth just 10 days’ sales • Retailers fear worst Christmas in years Julia Finch, City editor, Thursday November 20 2008 00.01 GMT The Guardian, Thursday November 20 2008 Article history Woolworths in Salford city centre. The retailer revealed […]

Gazans despair over blockade: Genocide by isolation

“People in Gaza are waiting in lines for almost everything, and that’s if they’re lucky enough to find something to wait for,” says Bassam Nasser, 39. An aid worker in Gaza City, he, like so many others there, including the UN relief agency, says living conditions are the worst he has ever seen in the […]

Robert Fisk: Once more fear stalks the streets of Kandahar

After seven years of war, genocide and DU this is where Afghanistan is now almost back to where we started from. New Zealand, I ask of you are you proud to be part of this? Five years after his last visit, our correspondent finds the Taliban back in charge of their spiritual home – and […]

GLOBAL MARKETS-U.S. stocks plunge to decade low, flee risk

Armaggedon has arrived. * Oil falls under $50 a barrel to three-year low * Debt rallies after U.S. jobless data raises growth fears * 10-year Treasury note yield at five-decade low * U.S. dollar, euro extend losses vs yen on risk aversion (Adds close of U.S. markets) By Herbert Lash NEW YORK, Nov 20 (Reuters) […]